Show 68 With Dave Foster: Using the 1031 Exchange

On todays show Dave talks about using the 1031 exchange. Are you tired of paying out your hard earned real estate gain in taxes?Are taxes limiting your success as a real estate investor? There’s this under-utilized tax provision called 1031 exchanges. Just a savvy fraction of investors use it. Once you learn it and use it, you’ll see a huge difference in your buying power when you transition from one investment property to another and keep your tax dollars working for you. Thanks to IRC Section 1031, a properly structured 1031 exchange allows an investor to sell a property, to reinvest the proceeds in a new property and to defer all capital gain taxes.It’s not often employed because the restrictions and rules of rolling all of your gains into another real estate investment can be intimidating until you’ve tried it. About Dave Foster My name is Dave Foster. I decided to get into real estate investing right after my first son was born. He was amazing and made me want to chuck my 9 to 5 job, live on a sailboat, and travel with my family. Then one day, some friends said they were starting a company to help investors just like me avoid paying capital gains taxes when building their portfolio. These “qualified intermediaries” told me about a better way of real estate investing that didn’t involve paying taxes on my profits when I transitioned from one investment to another. It’s called a 1031 exchange.

Dave’s recommended reading:

Whatever happened to penny candy by Richard Marbury

The Bible

The clipper ship strategy by Richard Marbury

On Today’s Show Dave Talks About

Dave’s start in Real Estate

What is a 1031 exchange

Requirements for using a 1031

How to delay paying your taxes

And much more……………

You can find Dave at:

http://info@the1031investor.com

http://www.the1031investor.com/

http://www.the1031investor.com/contact/

You can find me at:

https://peer2peerrealestate.com/

https://www.linkedin.com/feed/

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Keep the momentum going, Good things will happen.