1031 Exchanges Explained: What Every Real Estate Investor Should Know Featuring Sheila Long

If you’ve owned investment real estate, you’ve probably heard the term 1031 exchange, but many investors still don’t fully understand how it works or how powerful it can be.

In this episode of The Real Deal Podcast, host Asher Cohen sits down with Sheila Long, Vice President and Certified Exchange Specialist at Old Republic Exchange Company.

Sheila works with investors every day helping them defer capital gains taxes and strategically transition from one property to the next through 1031 exchanges.

Together they break down:

• What a 1031 exchange actually is
• Who it’s designed for (and who it’s not)
• The strict 45-day and 180-day timelines investors must follow
• Common mistakes property owners make
• How investors can scale from one property to multiple properties
• The difference between vacation homes, second homes, and investment properties
• What a reverse exchange is and when it makes sense

If you’re thinking about selling an investment property or growing your real estate portfolio, this episode will help you understand one of the most powerful wealth-building strategies in real estate.