Oct 03 2024 60 mins 2
Are you tired of seeing your hard-earned money vanish into taxes every time you sell an investment property?
But what if you could significantly grow your wealth without sacrificing your precious time or paying hefty taxes, while adhering with IRS rules and regulations?
In this episode Dave Foster, a 1031 exchange expert who has helped countless investors defer taxes and build long-term wealth, shares insider tips on using this powerful tax strategy to accelerate your real estate investments. Learn how to apply the four D’s of 1031 investing to grow your wealth, adapt to market shifts, and create a lasting legacy. Dave also outlines the timeline and key requirements for a successful 1031 exchange, empowering you to maximize your returns with confidence.
Whether you're an experienced real estate investor or just beginning, this episode will provide the insights and tools you need to achieve financial freedom on your own terms.
DISCLAIMER: We are not giving any financial advice.
(00:00 - 02:24) Introduction
- Dave is introduced as the guest Hosts
(02:24 - 06:37) Dave's Professional Journey
- Dave shares her professional journey
(06:37 - 50:28) Multiply Your Wealth Tax-Free with 1031 Exchange
- Dave shares the step-by-step process on how to do 1031
- Investor need to be careful in the 1031 exchange
- How reverse 1031 works
- One of the complicated transactions that Dave had and what his resolutions to it
- How would you handle both parties in separate ways?
- Difference between 1031 and Delaware Statutory Trust
- How difficult is it to dissolve your interest in DST?
- Things investors who wants to go 1031 need to look into while selecting
- How a person swap there property with a new property without paying the capital tax
(50:28 - 59:23) Final Round
- Dave's best book that he recommend that made an impact to her life and business
- His main source of information to learn and grow
- Dave shares her best business or investment advise
(59:23 - 1:00:34) Closing Segment
- If you want to learn more about the podcast, just check out the link below.
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