One of the beautiful things about investing in real estate is its tax benefits. And the 1031 exchange is a common strategy we use to avoid paying capital gains. But most of us haven’t studied IRC Section 1031 enough to know ALL the ways we can use the tax code to reinvest our real estate profits—rather than handing them over to Uncle Sam. Dave Foster is the 1031 exchange expert, qualified intermediary and tax strategist behind The 1031 Investor, a platform that helps investors build and preserve real estate wealth. Dave has supported thousands of investors in achieving financial freedom by maximizing their reinvestment opportunities. On this episode of Financial Freedom with Real Estate Investing, Dave joins Garrett to discuss the rules for doing a 1031 exchange in a syndication and describe what to look for in a qualified intermediary or QI. Dave shares his top strategies for buying time in a like-kind exchange and walks us through the tax benefits of converting an investment property into your primary residence. Listen in to understand the common mistakes investors make in a 1031 exchange and learn how to make the most of the tax code and accelerate your path to financial freedom with real estate! For full episode show notes visit: https://themichaelblank.com/podcasts/session344/

MB344: Making the Most of IRC Section 1031 – With Dave Foster

The Financial Freedom with Real Estate Investing podcast is about helping you achieve financial independence and control your time through apartment building investing. Michael Blank and Garrett Lynch interview experts in real estate, business, and investing.  From learning how to invest in multifamily real estate to navigating entrepreneurship, you will learn the keys to success in your journey towards financial freedom. Previous guests include Grant Cardone, Robert Kiyosaki, Ken McElroy, Robert Helms, Brandon Turner, and Hal Elrod. Whether you're new to real estate investing or a seasoned investor, you'll enjoy stories from our expert guests as well as hear from people who quit their jobs and are living life on their own terms because of investing in multifamily real estate. Thanks for listening and leave a review for a chance to get a shout-out on the show.

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Is fear holding you back from investing in multifamily? Even seasoned investors like us deal with fear. The difference is, we don’t let it stop us from moving forward.  But how do you expand your comfort zone? How do you feel the fear and take action anyway? On this episode of Financial Freedom with Real Estate Investing, Garrett and I sit down to explain why now is the right time to invest in multifamily and ‘be greedy when others are fearful.’  We discuss how we pulled off a refinance on a variable rate property (in just 25 days!) and offer advice on how to never run out of leads for raising capital. Listen in to understand why new investors don’t have to start with single family strategies and learn how to expand your comfort zone to achieve financial freedom with multifamily real estate! For full episode show notes visit: https://themichaelblank.com/podcasts/session417/

MB417: Expand Your Comfort Zone, Create Wealth — With Garrett Lynch & Michael Blank

Are you looking to build a business but don’t want to start from scratch? What if you could learn a proven system and receive support from someone who’s done it themselves? Then you might be interested in an RV rental management franchise, a business that monetizes the RV boom and helps entrepreneurs build wealth with WHEEL estate! Garr Russell is Founder and CEO of Fireside RV Rental, the Airbnb of RVs. Since its inception in 2015, Fireside has grown into a franchise with 40 locations across the country and hundreds of RVs under management. A born entrepreneur, Garr has started, scaled and sold several companies. His genius lies in understanding systems, marketing, and forging the way for others. On this episode of Financial Freedom with Real Estate Investing, Garr joins us to explain how renting out his own RV inspired him to build and scale Fireside. Garr discusses how RV owners benefit from the Fireside business model and describes how franchisees learn his proven system and receive support from expert RV rental managers. Listen in for Garr’s advice for aspiring entrepreneurs and learn how to launch, grow and manage a successful RV rental business with other people’s RVs—no prior experience required. For full episode show notes visit: https://themichaelblank.com/podcasts/session416/

MB416: Monetizing the RV Boom with Wheel Estate — With Garr Russell

Good multifamily deals have been hard to find in recent years. And Alex Cartwright was struggling to compete with more experienced investors. He was looking for a niche that would give him a unique advantage. That’s when he met a broker at a conference who suggested converting a hotel into apartments. Alex thought it sounded like a pain in the you-know-what. But when he looked at the numbers, Alex realized that the problems were worth solving. Today, Alex is Founder and Managing Partner at Vilicus Capital, a real estate investing firm that specializes in converting hotels into affordable multifamily housing.  Alex is also Associate Professor of Economics at Ferris State University, where he teaches classes on managerial economics, economic growth and international business. On this episode of Financial Freedom with Real Estate Investing, Alex joins us to explain what inspired his interest in real estate as a tenured professor making six figures. Alex shares his twist on the traditional multifamily strategy, describing how he finds hotels that can be purchased cheaply in growing markets and converts them into workforce housing. Listen in for insight into Alex’s first deal as lead GP of a hotel conversion and learn how to find your niche as an investor to achieve financial freedom with real estate! For full episode show notes visit: https://themichaelblank.com/podcasts/session415/

MB415: Solving for Affordable Housing with Hotel Conversions — With Alex Cartwright

Here at Nighthawk Equity, we haven’t done a multifamily deal in 18 months. So, we were excited to find what looked like an ideal opportunity in Atlanta. And two months ago, we got the deal under contract. But after spending $15,000 in the due diligence process, we ultimately decided to walk away. What went wrong? On this episode of Financial Freedom with Real Estate Investing, I sit down with my partners at Nighthawk, Drew Kniffin and Garrett Lynch, to debrief on the deal we didn’t do. We explain what we liked about the deal, describing what made it a textbook value-add opportunity and how we planned to renovate the units and upgrade several amenities in the community. Listen in for insight into the issues we discovered in the due diligence process and learn how to stick to your investment criteria and protect your investors by walking away from a bad deal! For full episode show notes visit: https://themichaelblank.com/podcasts/session414/

MB414: Case Study of a Real Estate Deal We Didn’t Do — With Drew Kniffin & Garrett Lynch

You don’t know what you don’t know. And if you’re doing your very first multifamily acquisition, every little thing that comes up can seem insurmountable. But if you have the support of a mentor, they can talk you through those obstacles, prevent rookie mistakes, and alleviate your concerns as an aspiring investor. Jeremy Lemere is a successful investor and operator of multifamily, commercial, and self-storage facilities in Northeast Wisconsin.  He is also a mentor with the Michael Blank program, and his investment portfolio of $15M is made up of personal investments, self-directed IRA funds, solo 401(k) funds and real estate syndications. On this episode of Financial Freedom with Real Estate Investing, Jeremy joins guest host Marybeth Noonan to explain how being a student in our mentoring program helped him transition out of his W-2. Jeremy describes how he stayed connected to our network through a mastermind and eventually joined the team as a mentor, sharing his strengths in understanding finance and capital markets. Listen in for insight on playing in different asset classes for the best return and learn how a mentor can help you learn the business of being a real estate investor! For full episode show notes visit: https://themichaelblank.com/podcasts/session413/

MB344: Making the Most of IRC Section 1031 – With Dave Foster

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