Roadmap to Wealth: Finance

Keep Your Own Tax Dollars Working for You with Dave Foster

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Are you intimidated by the rules and regulations of rolling all of your gains into another real estate investment? This question comes up all the time on the online forums, and the answer is made clearer in this interview!

This is what makes this episode of The Roadmap to Wealth Show special because we have Dave Foster as our guest, the expert in 1031 Exchange.  He has a degree in accountancy and a real estate investor with 20 years of experience. He is also a well known Tax Strategist and a Qualified Intermediary for real estate closings.

Today you're going to learn all about the 1031 exchange and specifically how it can be applied to real estate syndication investing.

Enjoy listening!

What You Will Learn From This Episode:

  • How did the 1031 Exchange become a great investing scheme and why real estate investors are going gaga over it?
  • As an investor, learn how to defer tax and leverage your capital to expand an investment portfolio.
  • How do you use 1031 in investment syndication? Is it really complicated?
  • What is the holding period for a 1031 Exchange property?
  • What qualifies and what does not qualify for a 1031 exchange?
  • Can you do a 1031 exchange with a co-investor?
  • 1031 Exchange is a part of the tax code of the USA, but can foreign investors use it?
  • Is the profit from a 1031 Exchange really that lucrative?
  • The four options to get cash out from a 1031 exchange.
  • How to use the 1031 Exchange to leverage your capital and what are the challenges?
  • How many times can you do an 1031 exchange?  Is there a limit?
  • What happens when you sell a property bought from a 1031 exchange?
  • In a 1031 exchange, who holds the money until purchase?
  • Why is there a need to hire a Qualified Intermediary and important advice when to hire them?
  • Plus so much more on the concept of defensive investing using 1031...

    • Quotes:

    "We journey through life and out of necessity we take a left turn one day and that changes everything for us."

    "When you start to put that into perspective that becomes very much like what Albert Einstein called the eight wonder of the world, which is compound interest."

    "That's the beautiful thing about 1031, it's absolutely flexible, in type and in numbers and in location."

    "The philosophy in real estate is, you make money in real estate when you buy it. In 1031 exchange, you keep all of your money when you sell it."

    "The greatest risk in any kind of investing is not what the value of your property is. Your greatest risk is not what the value of your property is, only if you have to sell it."

    Connect with Dave Foster:

    www.the1031investor.com

    ...more
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    Roadmap to Wealth: FinanceBy Elena Marches