On this episode of Blue Gems we’re welcoming Dave Foster, more famously known as the 1031 Investor. He earned this title by figuring out the 1031 exchange and when to utilize it. Dave is going to explain to us how to leverage this tax hack to build your portfolio bigger and better, and will explain his own portfolio and how he’s used the 1031 exchange to build a solid portfolio. Dave is discussing some of his strategies for leveraging the 1031 exchanges to diversify your portfolio, as well as how to reduce the tax burden on investors both new and old. Learn the four D’s of 1031s and mistakes you can make while trying to utilize a 1031 exchange. Listen in to hear all the gems Dave has to offer.

Connect with Dave and his team:

Website- https://www.the1031investor.com/

Blue Gems Management- https://bluegemsmgmt.co/

STR Meet Up- https://bluegemsgroup.com/

[00:00] Episode teaser

[00:35] Show intro

[01:09] Welcome to the 1031 Investor, Dave Foster

[01:24] How Dave earned the 1031 Investor name

[02:27] Leverage: how to use the 1031 exchange

[04:36] Dave’s current portfolio

[09:11] Living on a boat

[09:41] Using 1031 exchanges to expand into mid-term rentals

[12:14] How Dave helps investors reduce their tax burden

[15:57] Is it possible to defer your tax bill indefinitely?

[19:23] Blue Gems Management

[19:50] What’s the catch to 1031 exchanges?

[21:38] How many properties can be on the list?

[24:58] Financing with a 1031 exchange

[26:09] Advice for new investors in real estate

[29:04] A day in the life of Dave Foster

[29:38] The last blue gem

[30:31] Where to connect with Dave

[30:55] Outro