Strategy, Timing, Execution: What the Vegas Golden Knights Teach Us About 1031 Exchanges
At first glance, hockey and 1031 exchanges seem worlds apart. But the Vegas Golden Knights have a surprising connection to the 1031 world: team owner Bill Foley founded Fidelity National Financial, the parent company of one of our competitors, IPX1031.
So what else do the Knights and 1031 exchanges have in common? Strategy. Timing. Execution.
Champions Are Built, Not Lucky
The Golden Knights did not become Stanley Cup champions by accident. They built the right team, made smart moves, and executed under pressure.
A 1031 exchange works the same way. Instead of selling an investment property, paying taxes, and moving forward with less money, a 1031 exchange lets you sell one investment property and reinvest into another while deferring capital gains tax and depreciation recapture tax. For investors, that can mean keeping more money in the game.
The Clock Is Always Running
And just like hockey, the clock matters. After selling your property, you have 45 days to identify replacement properties and 180 days to close. Miss the deadline, and you could lose the tax benefit.
You Need the Right Team
You also need the right team. The IRS requires a Qualified Intermediary, or QI, to handle the exchange. Without one, your exchange does not qualify.
Built for Compounding Wins
But the biggest similarity? Both are built for compounding wins. The Knights built momentum shift by shift, game by game, season by season. Real estate investors can do the same by exchanging property after property, deferring taxes, increasing buying power, and growing wealth over time.
The Lesson Is Simple
Champions don't just play hard. They play smart. If you own investment real estate and are thinking about selling, don't give up your profits without a plan.
Want to Keep It All?
Call 1031 Specialists at (631) 438-1031 or visit 1031Specialists.com today.
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