 Hi, I'm Realtor Sara Morrow with South State Ace Realty. Join me for my 20th episode of Property Time as I speak with certified exchange specialist Ken Paulman of Exchange Resource Group. This boulder-based company, headquartered in Lakewood, Colorado, serves clients in the greater boulder and the Denver Metro areas who are transacting via 1031 exchanges. This is a lesser-known tax strategy and tool used mostly by real estate investors to get ahead. The primary appeal of a 1031 is the deferment of capital gains tax, but you'll learn from Ken that this is just one tax type that you'll defer when you exchange. Remember, tax law changes all the time, so if you've never done a 1031, or even if you have, tune in for a tune-up to hear Ken dish the dirt and debunk the myths on 1031s. Next property.