Podcast appearances and mentions of dave foster

Dave Foster, founder of the firm The 1031 Investor, wanted to travel the world in a sailboat and raise his children on the water, and they found a way. He applied the 1031 exchange to his real estate investments, enabling him to move his family to Florida, where he and his wife realized that dream. He leveraged that knowledge to publish “Lifetime Tax-Free Wealth: The Real Estate Investor's Guide to the 1031 Exchange.” (03/2025)

 Dave Foster, founder of the firm The 1031 Investor, wanted to travel the world in a sailboat and raise his children on the water, and they found a way. He applied the 1031 exchange to his real estate investments, enabling him to move his family to Florida, where he and his wife realized that dream. He leveraged that knowledge to publish “Lifetime Tax-Free Wealth: The Real Estate Investor's Guide to the 1031 Exchange.” (03/2025) 

Dave Foster, founder of the firm The 1031 Investor, wanted to travel the world in a sailboat and raise his children on the water, and they found a way. He applied the 1031 exchange to his real estate investments, enabling him to move his family to Florida, where he and his wife realized that dream. He leveraged that knowledge to publish “Lifetime Tax-Free Wealth: The Real Estate Investor's Guide to the 1031 Exchange.” (03/2025)

Dave Foster- The Deal That Changed My Life If you enjoyed this podcast we would appreciate a positive review... https://podcasts.apple.com/us/podcast/real-estate-reserve-podcast/id1507982777

Never pay capital gains taxes when investing in real estate with Dave Foster Tune in now and watch the video version of the podcast at www.realestatereservepodcast.com If you enjoyed this podcast we would appreciate a positive review... https://podcasts.apple.com/us/podcast/real-estate-reserve-podcast/id1507982777

Contact your hosts: https://taplink.cc/morelandequitycapitalWelcome to "Get Diversified," hosted by Jacqueline Landry with special guest Dave Foster. In this episode, Dave, an expert in the 1031 exchange, reveals strategies to optimize tax savings and build wealth through real estate investment. Learn essential tips on selecting markets, managing timing, and leveraging IRS rules to maximize your returns. Join Jacqueline and Dave for practical advice that can transform your investment approach and help you achieve financial success.

Contact your hosts: https://taplink.cc/morelandequitycapitalWelcome to "Get Diversified," where host Jacqueline Landry engages with real estate expert Dave Foster to explore the power of 1031 exchanges. In this episode, they dive into key strategies for maximizing investment returns, including the role of trusts, tax deferment, and smart estate planning to build generational wealth. Dave offers practical, step-by-step guidance on navigating complex tax regulations, leveraging current policies, and setting up exchanges effectively. Join us for actionable insights to strengthen your real estate strategy and secure a lasting financial legacy.

Contact your hosts: https://taplink.cc/morelandequitycapitalWelcome to "Get Diversified," where host Jacqueline Landry and guest Dave Foster dive into essential real estate strategies and tax legislation insights. In this episode, Dave, an expert on 1031 exchanges, explains how these exchanges benefit investors and support the economy, breaking down recent legislative changes and their impact on real estate investments.Tune in for valuable advice and practical tips to navigate the evolving real estate landscape confidently.

Contact your hosts: https://taplink.cc/morelandequitycapitalWelcome to "Get Diversified," where host Jacqueline Landry welcomes real estate expert Dave Foster to explore the power of tax-efficient investment. In this episode, Dave shares his expertise on the 1031 exchange and primary residence exclusion, revealing strategies to build wealth and defer taxes through real estate. Join Jacqueline and Dave as they discuss maximizing returns, navigating legislative changes, and unlocking the potential of property investment. Don't miss this guide to smart real estate strategies for lasting financial growth.

In this insightful episode of the Know Your Why Podcast, host Dr. Jason Balara sits down with Dave Foster, a qualified intermediary and seasoned expert in real estate investing, to explore the powerful wealth-building tool known as the 1031 exchange. Dave shares his personal journey in real estate investing and emphasizes the importance of knowing your 'why' - the deeper purpose behind your investment decisions. This clarity can shape the direction of your investment strategy and long-term financial goals. Dave shares valuable tips for those just starting their real estate journey, stressing the importance of patience, planning, and taking a long-term approach to wealth accumulation. Key Highlights: - Real Estate Investing & 1031 Exchange: A 1031 exchange allows investors to defer capital gains taxes when selling and buying investment properties, making it an essential tool for tax-efficient wealth building. - Qualified Intermediary: Dave Foster, as a qualified intermediary, plays a vital role in ensuring the legal and tax compliance of a 1031 exchange. - Tax Deferral & Wealth Building: Investors can defer taxes and reinvest in higher-value properties, allowing them to grow their portfolios more rapidly. - Timeframes & Rules: Success in a 1031 exchange hinges on adhering to strict deadlines, such as identifying a replacement property within 45 days and completing the transaction within 180 days. - Syndications & 1031 Exchange: The 1031 exchange can be applied to real estate syndications, but it requires careful planning and coordination with all parties involved. - Long-Term Investment Strategy: Patience, a clear 'why,' and a long-term mindset are critical to maximizing the potential of real estate investments and tax strategies. If you're interested in building wealth through real estate investing, this episode offers invaluable insights into how a 1031 exchange can help you defer taxes and grow your portfolio. Dave Foster's expertise makes complex concepts easy to understand, and his practical advice on real estate syndications and investment strategies will leave you equipped to take the next step in your investing journey.  Get in touch with Dave: Facebook: https://www.facebook.com/DaveFoster1031 LinkedIn: https://www.linkedin.com/in/davefoster1031/ Twitter: https://twitter.com/DaveFoster1031 Instagram: https://www.instagram.com/davefoster1031/ If you want to know more about Dr. Jason Balara and the Know your Why Podcast: ⁠⁠ https://linktr.ee/jasonbalara⁠⁠   Audio Track: Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license.⁠⁠ https://creativecommons.org/licenses/⁠⁠ Artist:⁠⁠ http://audionautix.com/

1031 Exchanges   Who would ever think 1031 exchanges could be a FUN topic to discuss?? Well...buckle up because this episode is full of incredible information and sprinkled with laughs. Dave Foster breaks it all down for us on how 1031 exchanges apply to fix and flippers. He shares the importance of demonstrating intent and the four D's of 1031 investing. Jen particularly enjoyed his story on how he bought a sailboat with tax-free dollars! Check it out!   A degreed accountant and serial real estate investor, Dave Foster is a Qualified Intermediary and consultant who shares his tax-saving strategies with investors who want to maximize their returns. Create time & freedom with wisely purchased investments. Learn how you can transition from one investment property to another without paying a penny in taxes. With a bit of advance planning, this straightforward process will keep all of your capital working for your own benefit and help you grow your portfolio faster – using your own tax dollars www.the1031investor.com LinkedIn/DaveFoster1031 Facebook/DaveFoster1031   To learn more about Jen Josey, visit www.TheRealJenJosey.com To join REIGN, visit www.REIGNmastermind.com Stuff Jen Josey Loves: https://www.reignmastermind.com/resources Buy Jen Josey's Book: From Beginner to Badass: https://a.co/d/bstKlby

Join us as we welcome tax strategist and expert Dave Foster to the show. With 24 years of real estate investing experience, Dave has helped thousands of investors keep their equity working for them and legally avoid taxes using strategies like 1031 Exchanges. Highlights from the Episode:

Tired of watching your hard-earned money disappear into Uncle Sam's pockets every time you sell an investment property? As a busy physician, you know that time is your most precious commodity. But what if you could grow your wealth exponentially without sacrificing your valuable time or paying a fortune in taxes?Dave Foster, a 1031 exchange expert who has helped hundreds of thousands of investors defer taxes and build lasting wealth, joins us to reveal the secrets to leveraging this powerful tax strategy to supercharge your real estate investing.You'll discover how to use the four D's of 1031 investing to compound your wealth, adapt to market changes, and create a legacy for generations to come. Plus, Dave breaks down the timeline and requirements for executing a successful 1031 exchange, so you can maximize your returns with confidence.Whether you're a seasoned real estate investor or just starting to explore the possibilities, this episode will equip you with the knowledge and tools you need to achieve financial freedom on your terms.Grab a copy of Dave's best-selling book, "Lifetime Tax-Free Wealth: The Real Estate Investor's Guide to the 1031 Exchange.""1031 exchanges are probably the most powerful wealth-building tool that's actually written into the tax code." - Dave FosterIn This Episode:- Dave Foster's personal journey with 1031 exchanges- Why do you need a 1031 exchange qualified intermediary?- The history of 1031 exchanges- Why aren't more people using 1031 exchanges?- 1031 Exchange Basics: timelines, requirements, and misconceptions- The Four D's of 1031 Investing- Expanding your real estate portfolio with 1031 exchanges- Real-world examples of how physicians can use 1031 exchanges to build wealth- Advanced strategies: using 1031 exchanges for syndications and REITs- REITs vs. Real Estate: separating equities and real estate for optimal tax benefitsResources:➡️ Free community of high-performing physicians: the Physician Wealth Accelerator - https://limitless-md.mn.co/ ➡️ Check out my programs - https://vikramraya.com/coaching-tab-revamp/ ➡️ Join our Mastermind - www.i8mastermind.com ➡️ Learn Small Multifamily Real Estate - www.MDTycoon.com ➡️ Lifetime Tax-Free Wealth by Dave Foster - https://amzn.to/3L4pbyd Connect with Dave Foster

It's Episode 200 with guest Dave Foster! Unveiling the power of Section 1031 exchanges since 1920, the episode showcases how this strategy serves as a behavior incentivizer, rewarding investors who navigate the tax code wisely. From practical insights on 1031 exchanges to transitioning from active to passive investing, Dave's journey from accountant to real estate investor offers a compelling narrative. With a focus on kindness and generosity, Dave's philanthropic endeavors and strategic wisdom shine through, providing listeners with actionable tips and case studies to navigate the real estate landscape effectively. Tune in to discover the transformative potential of 1031 exchanges and unlock the keys to financial success in the real estate realm. Get Dave's book! Lifetime Tax-Free Wealth: The Real Estate Investor's Guide to The 1031 Exchange https://a.co/d/hZXXA5T Learn more about ALTERNATIVE BUSINESS and INVESTMENT STRATEGIES through QUATTRO CAPITAL! LinkedIn: /TeamQuattroCapital Instagram: @TeamQuattroCapital Facebook: @TeamQuattroCapital Website: www.TheQuattroWay.com TikTok:@realestaterunwaypod

In this episode, we uncover the secrets of tax-saving strategies with 1031 Exchange Expert Dave Foster. A degreed accountant and seasoned real estate investor, Dave is a Qualified Intermediary and consultant who has helped countless investors maximize their returns.Join us as Dave shares his extensive knowledge on 1031 exchanges, offering valuable insights and practical advice for deferring taxes and enhancing your investment strategy. Whether you're a seasoned investor or new to the game, this episode is packed with essential information to help you make the most of your real estate investments.Show Highlights:✅01:42 – Who is Dave?✅06:11 – Sailing experience✅13:17 – Qualified intermediary✅22:02 – Like kind exchange✅30:16 – Vacation rental✅36:13 – Final thoughts

Welcome to Fund Friday! Join us as we explore the world of 1031 exchanges with Dave Foster, a seasoned expert in this topic. Dave shares how 1031 exchanges can help you defer taxes and build wealth. We'll cover the basics of these exchanges, the role of a qualified intermediary, and how to use tax deferral to grow your portfolio. Dave also shares his inspiring journey from a costly mistake to financial freedom. Don't miss this insightful episode! For more resources, visit Dave at the1031investor.com and check out his book, Lifetime Tax-Free Wealth.Learn more about Lone Star Capital at www.lscre.com To apply to attend LSC Summit 2024: www.lscsummit.comGet a FREE copy of the Passive Investor Guide:https://www.lscre.com/content/passive-investor-guide Subscribe to our newsletter and receive our FREE underwriting model package:https://www.lscre.com/resource/underwriting-modelFollow Rob Beardsley:https://www.linkedin.com/in/rob-beardsley/https://www.facebook.com/RobBeardsleyLSC/Read Rob's articles:https://www.lscre.com/blog 

Are you ready to unlock the secrets to tax-free wealth through real estate investing? Join us as we welcome back the legendary Dave Foster, a seasoned 1031 exchange expert and author of the new book, "Lifetime Tax-Free Wealth: The Real Estate Investor's Guide to the 1031 Exchange.” Building on his previous insights, Dave delves deeper into the essentials of 1031 exchanges, strategies for both new and seasoned investors, and how to effectively defer capital gains taxes. They discuss the "defer, defer, die" strategy, utilizing 121 Homestead Exemption with 1031 exchanges, and preparing for retirement through smart investment planning. Whether you're a flipper, a buy-and-hold investor, or nearing retirement, this episode is packed with invaluable insights to help you build and preserve your wealth. Key Takeaways: 2:00 Guest Introduction: Dave Foster, 1031 exchange expert and author, joins the show. 4:03 What is a 1031 Exchange? Dave explains the basics and benefits of 1031 exchanges. 6:52 Deferred, Defer, Die Strategy: How to use 1031 exchanges to eliminate taxes for heirs. 14:35 Flipper Strategy: Adjusting fix-and-flip models to benefit from 1031 exchanges. 16:13 Book Overview: Insights into Dave's new book and its educational focus. 19:13 Getting Started: Where to begin learning about 1031 exchanges and planning for your next move. 21:22 Lessons Learned: Dave shares his biggest lessons and advice for real estate investors. 22:47 Where to Find the Book: Information on purchasing the book and accessing more resources. Don't miss this opportunity to revolutionize your real estate investment strategy. Grab your copy of "Lifetime Tax-Free Wealth" today and start building your tax-free wealth legacy! Connect with Dave: Website: the1031investor.com   Dave's LinkedIn: https://www.linkedin.com/in/davefoster1031/ Connect with Corwyn@: Contact Number: 843-619-3005 Instagram:⁠ https://www.instagram.com/exitstrategiesradioshow/⁠ FB Page:⁠ https://www.facebook.com/exitstrategiessc/⁠ Youtube:⁠ https://www.youtube.com/channel/UCxoSuynJd5c4qQ_eDXLJaZA⁠ Website:⁠ https://www.exitstrategiesradioshow.com⁠ Linkedin:⁠ https://www.linkedin.com/in/cmelette/⁠ Shoutout to our Sponsor: EXIT Realty Lowcountry Group Do you want something more? More Meaningful Moments opportunities, deeper relationships and memorable experiences? Do you want to make a difference? If you say YES, a career and real estate could be the opportunity you're looking for guiding people to one of the most important decisions they ever made, the purchase or sale of their home can be both rewarding and lucrative.  EXIT Realty has a revolutionary compensation model training and technology that provides you with the tools you need to start and build your successful real estate career. Call EXIT Realty Lowcountry group today at 843-619-3005 that is 843-619-3005 or visit https://exitlowcountry.com/joinexit and make your Exit today. --- Support this podcast: https://podcasters.spotify.com/pod/show/corwyn-j-melette/support

Do you enjoy paying taxes to the government? Do you want to keep more of your profit or gain from the sale of assets? Do you know the Tax Code Section, that has been in existence for a little more than 100 years to help (at first) farmers to defer gains on the sale of assets? This week's guest on the Crushing Debt Podcast is Dave Foster, a nationwide qualified intermediary for 1031 exchanges. Dave has built his business around a model of education, teaching continuing education courses for Realtor associations throughout the country, as well as educational investor webinars for title companies, attorneys, and real estate brokerages.  Dave advocates for the strategic use of defering tax gains using section 1031 of the Internal Revenue Code (the 1031 Exchange). Dave is an example of using the tax code to his advantage  over the years to position his investment portfolio to buy and live on a sailboat for 10 years raising his children. Dave didn't start with 1031 Exchanges, but learned the hard way when the government took 40% of the profits from one of his first sales in the form of taxes.  Shawn talks to Dave about some of the benefits of using Section 1031 as an investment strategy. You can contact Dave at Dave@The1031Investor.com or visit his website www.The1031Investor.com.  Let us know if you enjoy this episode and, if so, please share it with your friends! Please also visit our sponsor, Sam Cohen of Attorneys First Insurance for Attorneys and Title Companies looking to get a quote on Errors & Ommissions (malpractice) Insurance coverage. www.AttorneysFirst.com.  Or, you can support the show by visiting our new Patreon page: https://www.patreon.com/crushingDebt  To contact George Curbelo, you can email him at GCFinancialCoach21@gmail.com, or follow his Tiktok channel - https://www.tiktok.com/@curbelofinancialcoach  To contact Shawn Yesner, you can email him at Shawn@Yesnerlaw.com or visit www.YesnerLaw.com. And we are always accepting donations to support Pancreatic Cancer education, detection and research by joining Shawn's PanCAN team, MY Legacy Striders: http://support.pancan.org/goto/MYLegacyStriders08  

Welcome back to the Live Off-Rent Show! In this episode, we dive into the world of 1031 exchanges with expert Dave Foster, founder and CEO of The 1031 Investor. Join host Brian Davis as he discusses how to maximize your real estate investments and build passive income using 1031 exchange rules. Dave Foster, an Amazon bestselling author and qualified intermediary for 1031 exchanges, shares his personal journey into real estate investing and the power of 1031 exchanges. Learn how to defer capital gains taxes, convert investment properties into primary residences, and use these strategies to achieve financial independence.

Dave Foster, a Qualified Intermediary (QI) investment professional, understands that real estate is really an investment in your future. As a multi-industry visionary, he has over 20 years of experience working in all phases of real estate investing. From commercial to residential, he brings his clients a fresh perspective and clear vision for strategic development. As an investor himself, he views each investment as a unique opportunity to maximize returns. A degreed accountant with a Master's in Management, Dave built his reputation on being a driven, results-oriented QI who works relentlessly to optimize value for the real estate investors with whom he works. He is inspired by a genuine desire to help investors excel, and he continuously strives to create win-win situations.   In this episode, we talked to Dave about 1031 exchanges and how they work, what is a qualified intermediary and why need one, the right question to ask while choosing the right person to work with, the investment amounts, and much more.   Announcement: Join the Apartment Investing Mastermind here.   1031 Exchange;   02:19 Dave's background; 04:17 An insight on 1031 exchanges; 13:31 What is a qualified intermediary, and why do you need one; 15:39 The right question to ask and determine if you're working with the right person; 22:18 The minimum amount for investment; 23:57 Round of Insights       Announcement: Download a Sample Deal package here.   Round of Insights   Apparent Failure: Selling his first property without a 1031 exchange. Digital Resource: Solve 360 CRM. Most Recommended Book: Lifetime Tax-Free Wealth. Daily Habit: Spending a calm morning and night being with god, admiring beautiful things around him. #1 Insight for managing your 1031 exchange: Giving more to your clients for their money's worth, as opposed to businesses trying to provide the least, for the highest profit margin. Best place to grab a bite in Florida: 1Chick 1Bro   Contact Dave: Website: https://www.the1031investor.com/  YouTube: https://www.youtube.com/@The1031Investor/     Thank you for joining us for another great episode! If you're enjoying the show, please LEAVE A RATING OR REVIEW,  and be sure to hit that subscribe button so you do not miss an episode.

Whether you've seen him online or heard great things through the real estate grapevine, my guest today needs no introduction to those in the know. With a lifelong passion for real estate and helping others maximize their wealth, We're thrilled to have on the podcast today the founder and CEO of 1031 Investor Dave Foster. This episode provides a great overview of 1031 exchanges for real estate investors. Dave Foster, the expert in this area, walks through the history and process. He shares how 1031 exchanges allowed him to live tax-free on a sailboat for a decade by deferring capital gains taxes. We appreciate Dave's focus on educating others about this powerful strategy. We discuss how 1031 exchanges stimulate the economy and incentivize real estate investments. Dave dispels myths that these are only for the wealthy - the average sale is under $400k. He emphasizes the importance of timing and using a qualified intermediary. Overall, this conversation highlights how 1031 exchanges can help investors maximize returns, defer taxes for generations, and retain wealth within families. It's a must-listen for any real estate professional seeking to legally minimize their tax burden. Things we discussed in this episode: Dave Foster's background and how he got into 1031 exchanges. The history and origins of 1031 exchanges in the tax code. How 1031 exchanges allow investors to defer capital gains taxes indefinitely. Dave's personal experience using 1031 exchanges to live tax-free on a sailboat. Challenges that can come up when doing a 1031 exchange. The role of a Qualified Intermediary in 1031 exchanges. Generational transfer of wealth through stepped-up basis with 1031 exchanges. When real estate investors should contact someone like Dave about a 1031 exchange. Dave's previous career as an NCAA volleyball coach. Dave's nomadic lifestyle and ability to work remotely. Get in touch with Dave: Website - https://www.the1031investor.com/ Facebook - https://www.facebook.com/the1031investor Youtube - https://www.youtube.com/c/The1031Investor #realestatepodcast #realestate #realestateinvestor #realestatelaw #realestateagent #1031exchanges #RealEstateInvesting #TaxStrategies #WealthPreservation #CapitalGains #TaxDeferral #QualifiedIntermediary #GenerationalWealth #RealEstateExperts Follow Us! Join Jason Muth of Prideaway Stays and Straightforward Short-Term Rentals and Real Estate Attorney / Broker Rory Gill for another episode of The Real Estate Law Podcast! Following and subscribing to The Real Estate Law Podcast not only ensures that you'll get instant updates whenever we release a new episode, but it also helps us reach more people who could benefit from the valuable content that we provide. The Real Estate Law Podcast Website and on Instagram and YouTube Prideaway Stays Website and on Facebook and LinkedIn Straightforward Short-Term Rentals Website and on Instagram Attorney Rory Gill on LinkedIn Jason Muth on LinkedIn This podcast and these show notes are not legal advice, but we hope you find both entertaining and informative. Hospitality.FM The Real Estate Law Podcast is part of Hospitality.FM, a podcast network dedicated to bringing the best hospitality-focused podcasts to those in and around the industry, from Food + Beverage, Guest Experience, Diversity & Inclusion, Tech, Operations, Hotels, Vacation Rentals, Real Estate Law, and so much more!

Unlock the secrets of maximizing your real estate investment returns with the transformative strategy of 1031 exchanges. Join us as expert Dave Foster reveals how this century-old IRS code can significantly impact your portfolio by deferring taxes and encouraging a thriving real estate market. Discover the intricate details, benefits, and strategic approaches to using 1031 exchanges effectively, ensuring your investments continue to grow and adapt to market changes and personal financial goals.

This week we interview Dave Foster, a 1031 expert and Qualified Intermediary. We dive into the benefits of using 1031 exchanges and how it can enhance the returns of your real estate investments by savings on taxes.   Today's Panelists: Kirk Chisholm | Innovative Wealth Barbara Friedberg | Barbara Friedberg Personal Finance   Follow on Facebook: https://www.facebook.com/moneytreepodcast Follow LinkedIn: https://www.linkedin.com/showcase/money-tree-investing-podcast Follow on Twitter/X: https://x.com/MTIPodcast For more information, visit the show notes at https://moneytreepodcast.com/tax-benefits-of-1031-exchanges-david-foster-598

On this episode of the Deal Farm®, Kevin and Ken speak with Dave Foster about the power of 1031 Exchanges and how investors can use this under-utilized section of the tax code to ramp up returns and significantly increase compounding returns over the years.  Tune in to get some powerful tips and insights!

Welcome to The Real Estate Underground Show #112!In this episode, we chat with Dave Foster, a successful 1031 exchange investor. Dave's story, from his first property purchase to his current financially free lifestyle built on smart property swaps, is both inspiring and informative.Dave shares his expertise on:Building Wealth Through Real Estate: Dave will walk us through his journey as a real estate investor, highlighting how he used strategic property exchanges to build wealth and achieve financial independence.Tax Deferral Strategies: Learn how real estate can help you achieve financial freedom. Dave will discuss strategies for maximizing tax deferral and minimizing your tax burden.Evaluating Investment Opportunities: Gain valuable insights into assessing real estate deals, including understanding internal rate of return (IRR) and leveraging passive investment strategies for optimal returns.Mastering the 1031 Exchange: Demystify the 1031 exchange process and discover how to capitalize on tax-efficient property swaps to strengthen your real estate portfolio.Identifying Booming Markets: Explore techniques for recognizing emerging markets ripe for investment and simplifying the process of optimizing your property holdings.If you'd like to learn more about Dave and his approach to real estate investing, check out his educational website, The 1031 Investor, at https://www.the1031investor.com/. Here you'll find a treasure trove of resources, including:A 40-part YouTube series that breaks down various real estate investing topics into bite-sized lessons.Calculators to help you assess potential investments.Calendars to schedule consultations directly with Dave and his team.This episode is packed with valuable advice for all investors! Whether you're a seasoned pro or just starting out, Dave's insights and practical tips will equip you to navigate the exciting world of real estate investment.Resources: Website: https://www.the1031investor.com/ Additional Resources: Website: https://www.clarkst.com Phone: (860)675-5800 YouTube: https://www.youtube.com/@clarkstcapital Podcast: https://bit.ly/3LzZdDx LinkedIn: https://www.linkedin.com/company/clark-st-capital Twitter: https://twitter.com/clarkstcapital1 Facebook: https://www.facebook.com/ClarkStCapital Instagram: https://www.instagram.com/clarkstcapital

In this episode of The Real Estate Syndication Show, guest host Jim Pfeifer discusses the strategies for 1031 exchanges with expert Dave Foster. A powerful tool for savvy investors, 1031 exchanges allow you to defer capital gains taxes on property sales, maximizing your financial potential. Dave also shares insights from his book, "Lifetime Tax-Free Wealth: The Real Estate Investor's Guide to the 1031 Exchange." Dave Foster breaks down the 1031 exchange process, highlighting the key steps: utilizing a qualified intermediary, adhering to strict timelines, and maximizing tax deferral. He even addresses potential legislative changes and the risks of the "lazy 1031" approach compared to the benefits and control offered by a true 1031 exchange.Embrace the Power of the "Four D's":Defer: Learn how 1031 exchanges allow you to indefinitely postpone paying taxes on your investment property profits.Diversify: Discover how to adapt your portfolio to changing markets and life stages using 1031 exchanges.Defer Again: Repeat the deferral process, building wealth and passing it on tax-free to heirs.Die: With a strategic 1031 exchange plan, your wealth can transfer to future generations with minimal tax impact.Visit the1031investor.com for valuable resources, calculators, and access to Dave's book.  Become a savvy real estate investor by learning from the best. Subscribe to the show and consider partnering with Life Bridge Capital to jumpstart your real estate wealth journey today.Today's guest host, Jim Pfeifer, is the Founder & CEO of Left Field Investors – a Community of like-minded individuals interested in creating financial freedom through passively investing in real assets that generate real cash flow. The Community works together to provide education, a network, and deal flow for its members. For more information, you can visit www.leftfieldinves or reach out to Jim via email at jim@leftfieldinvestors.com.VISIT OUR WEBSITEhttps://lifebridgecapital.com/Here are ways you can work with us here at Life Bridge Capital:⚡️START INVESTING TODAY: If you think that real estate syndication may be right for you, contact us today to learn more about our current investment opportunities: https://lifebridgecapital.com/investwithlbc⚡️Watch on YouTube: https://www.youtube.com/@TheRealEstateSyndicationShow

In Today's Episode: Host: Brandon Elliott,  https://zez.am/brandonelliottinvestments Guest: with Dave Foster ⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯ Resourceful Links:  How To Get Up To $500,000 Every 6 Months At 0%: https://www.creditcounselelite.com/ Get Your Most Accurate Credit Report: https://www.myscoreiq.com/get-fico-max.aspx?offercode=432121Z8 Best Credit Cards: https://milevalue.com/best-credit-cards/?aff=cce Free Credit Education Resources: https://creditcounselelite.com/articles Guide to Taking Massive Action: https://amzn.to/2IZMN8Z LEARN MORE CLICK HERE: https://www.creditcounselelite.com/fb-start-here ⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯ Meet Your Host, Brandon:  Brandon Elliott went from being off track finding himself on house arrest and burning 40% of his body to getting on track reaching $8.5 million in Assets and being acknowledged part of the "Top 100 Yahoo Finance" by using Credit Cards to buy small multi-family and scaling his businesses using the exact strategies taught in Credit Counsel Elite (CCE). CCE teaches business owners how to get up to $500,000 every 6 months at 0%. By being a member with CCE, you get to learn how to Travel Hack, get access to the 800 FICO Score Club in 30 days or less, fix credit quickly, receive $5K-15K+ of free sign up bonuses, buy Real Estate with Credit Cards, deep dive into Business Credit and Personal credit. To learn more visit: https://www.creditcounselelite.com/ ⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯ Connect with Brandon Elliott:  Facebook: https://www.facebook.com/brandonelliottinvestor YouTube: https://www.youtube.com/@BrandonElliottInvestments Instagram: https://www.instagram.com/brandonelliottinvestments LinkedIn: https://www.linkedin.com/in/brandon-elliott-6b1643148

Get the Midterm Rental Insurance Blueprint: https://experimentrealestate.com/#blueprint Welcome to the lab and today we delve into the world of tax-efficient real estate investing with our esteemed guest, Dave Foster, Founder and CEO of The 1031 Investor. A degreed accountant and serial real estate investor, Dave's quest for reducing taxes led him on a path to becoming a qualified intermediary and consultant for tax-saving strategies such as the 1031 exchange and the section 121 homestead exemption. In this conversation, Dave shares his journey from fix and flipping in the 90s to becoming a leading authority on tax-efficient real estate investing. He unveils the updated rules and regulations surrounding the 1031 exchange, offering invaluable insights on legally compounding tax interests that remain in your pocket rather than lining the IRS's coffers. Dave expertly breaks down the complexities of the 1031 exchange in layman's terms, making it accessible to all listeners. Moreover, Dave reveals how he utilized the section 121 homestead exemption to fulfill his dream of living on a boat with his family, relocating from Denver, CO to Tampa, FL over a decade while raising four boys. Through his firsthand experiences, Dave illustrates the practical applications of the 1031 exchange in achieving both financial freedom and personal aspirations. Discover the benefits of the 1031 exchange in real estate investing, the versatility of this tax-saving strategy, and essential insights on maximizing profits through long-term rental contracts. Dave also shares strategies for minimizing taxes on real estate gains through the 121 exemption rule and navigates the complexities of LLC ownership and tax implications for primary residences. Don't miss out on this opportunity to learn how to maximize success in real estate investment and 1031 exchanges, and gain valuable insights into planning for future compactions based on Dave's past 22-minute exchange experience. If you're looking for a way to reduce your taxes and learn about 1031s, this episode is a must watch and be sure to check out Dave's book, "Lifetime Tax-Free Wealth: The Real Estate Investor's Guide to The 1031 Exchange," for further guidance on building wealth through tax-efficient real estate strategies. Tune in now and embark on your own journey to financial freedom HIGHLIGHTS OF THE EPISODE: 05:08 Dave talks about the benefits of the 1031 exchange 25:10 Dave talks about the 121 exemption rule and how to minimize taxes on real estate gains KEEPING IT REAL: 05:00 The benefits of the 1031 exchange in real estate investing 10:00 The versatility and benefits of the 1031 exchange 15:02 Understanding the rules and regulations of a property exchange game 20:01 Maximizing profits through long-term rental contracts 25:01 The 121 exemption rule and the 1031 exchange: strategies for minimizing taxes on real estate gains 30:01 LLC ownership and tax implications for primary residence 35:00 Maximizing success in real estate investment and 1031 exchanges 40:02 The importance of planning for compactors and a past experience with a 22-minute 1031 exchange 45:29 We are OUT! CONNECT WITH THE GUEST Website: https://www.the1031investor.com/ Linkedin: https://www.linkedin.com/in/davefoster1031/ X: https://twitter.com/DaveFoster1031 Facebook: https://www.facebook.com/the1031investor/ Youtube: https://www.youtube.com/c/The1031Investor #1031Exchange #TaxSavingStrategies #FinancialFreedom #WealthBuilding

Description: In this episode, real estate expert Dave Foster unravels the intricacies of 1031 exchanges. He sheds light on how this financial strategy empowers individuals to sell investment properties and defer tax payments by reinvesting the proceeds into new investment opportunities. Dave underscores the advantages of integrating 1031 exchanges into strategic portfolio management for wealth generation. Additionally, he illuminates the possibility of primary residences qualifying for tax-free profits, reaching up to $250,000 (or $500,000 for married couples) when specific criteria are met. Dave shares insights into the meticulous process of executing a 1031 exchange with the assistance of a qualified intermediary, emphasizing the crucial aspect of thoughtful planning. He concludes by highlighting the significant benefit that, upon an individual's demise, heirs receive inherited properties with a step-up in basis, enabling them to sidestep tax obligations. David Foster Links: Websites: https://www.the1031investor.com/                                                                   News Letter Hi, First Responders, Ever wished for a financial strategy that not only defers taxes but propels your real estate journey? In our recent podcast with Dave Foster, we uncovered the secrets of 1031 exchanges - a game-changer for investors!  Quick Guide to 1031 Exchanges: 1. What is a 1031 Exchange? 02:31 - 04:09: ● Opportunity to sell and purchase investment real estate. ● Defers tax payments, putting money back in your pocket. 2. The Four "Ds" of 1031 Investing:  08:25 - 09:30: ● Defer: Defer tax dollars, compounding interest in your favor. ● Defer: Strategically reshape your portfolio based on market trends. ● Defer: Plan strategically at different life stages. ● Die: Enjoy a step-up in basis for your heirs, creating generational wealth. 3. How to Execute a 1031 Exchange: 09:30 - 11:07: ● Involve a Qualified Intermediary before closing the sale. ● 45 days to identify potential replacement properties, 180 days to close.  Explore Further: Visit The 1031 Investor for calculators, articles, and more educational content. Dive into their YouTube channel with 40+ videos for in-depth insights. Life Hack: Use 1031 exchanges strategically, even transitioning from investment to vacation property and eventually to your primary residence. Your journey to real estate success starts now. Explore the possibilities and transform your wealth with 1031 exchanges! Happy investing!   Best regards, Dave Knight

Dave is a 1031 exchange expert, Qualified Intermediary and consultant who shares his tax-saving strategies with investors who want to maximize their returns. He's the author of "Lifetime Tax-Free Wealth: The Real Estate Investor's Guide to the 1031 Exchange". Dave shares how a little bit of advance planning can keep all of your capital working for your own benefit and help you grow your portfolio faster - using your own tax dollars. In our podcast, Dave shares how real estate investors can build tax-free wealth through the 1031 exchange and explains the additional secret benefits of the 1031 exchange for investors that no one talks about. Dave also shares the intricacies of the 1031 exchange including it's rules, regulations, limits, and benefits for an investor to leverage this strategy to build wealth through real estate in unique ways! You Can Find Dave @: Website: https://www.the1031investor.com/ Youtube Channel: https://www.youtube.com/@The1031Investor Book: https://www.amazon.com/Lifetime-Tax-Free-Wealth-Investors-Exchange-ebook/dp/B0C6RFQZ8M

Dave Foster is a specialist in tax deferred exchanges. You can connect with him at https://the1031investor.com. On today's show we are taking about where is the fuzzy line between capital gains treatment and ordinary business income treatment when in comes to land investing. ------------- Host: Victor Menasce email: podcast@victorjm.com

Going Long Podcast Episode 387: Combining Exchanges and Exemptions to Turbo-Boost Your Investing Success - Dave Foster ( To see the Video Version of today's conversation just CLICK HERE. ) In the conversation with today's guest, Dave Foster, you'll learn the following:   [00:28 - 02:04] Show introduction with comments from Billy. [02:04 - 05:15] Guest introduction and first questions. [05:15 - 11:14] The backstory and decisions made that led Dave to this point in his journey. [11:14- 15:47] Dave shares how he came to find out about the 1031 Exchange, and the most important things you need to know about it. [15:47 - 18:34] Dave tells us about the inspiration behind his book, Lifetime Tax Free Wealth, and what you can learn from reading it. [18:34 - 22:18] We find out about another useful tax code, the 121 Exchange. [22:18 - 24:28] Dave shares the mechanics of how you can get these tax strategies working for you, and whether you can do it on your own or need to find intermediaries to assist with the process.   Here's what Dave shared with us during today's conversation:    Where in the world Dave is currently based: St.Petersburg, Florida. The most positive thing to happen in the past 24 hours: The Tampa Bay Buccaneers beat the Philadelphia Eagles to go through to the playoffs! And Dave also sat down for a wonderful meal with his loving family! Favourite place in Europe: Montenegro. A mistake that Dave would like you to learn from so that you don't have to pay full price: It's not about the money you make, but what you keep! Book Recommendation: Whatever Happened to Penny Candy, by Richard Maybury. - https://www.amazon.co.uk/Whatever-Happened-Penny-Candy-Explanation/dp/0942617622    Be sure to reach out and connect with Dave Foster by using the info below:      Website: https://www.the1031investor.com/  Dave's Book - Lifetime Tax Free Wealth:  https://www.amazon.co.uk/Lifetime-Tax-Free-Wealth-Investors-Exchange-ebook/dp/B0C6RFQZ8M  To see the Video Version of today's conversation just CLICK HERE.   How to leave a review for The Going Long Podcast: https://youtu.be/qfRqLVcf8UI     Start taking action TODAY so that you can gain more Education and Control over your financial life. Be sure to connect with Billy!  He's made it easy for you to do…Just go to any of these sites:   Website: www.billykeels.com Youtube: billykeels Facebook: Billy Keels Fan Page Instagram: @billykeels Twitter: @billykeels LinkedIn: Billy Keels  

This REAL TidBits Series episode on 1031 Exchange is all about amplifying your investment gains through strategic tax maneuvering and deferring capital gains. In other words - growing your real estate portfolio and wealth, sans the tax bite!If you haven't listened to episode 82 with seasoned 1031 specialist, Dave Foster, it was all about this little-known yet mighty section of the U.S. tax code that savvy investors leverage to defer capital gains taxes.In this TidBits episode we're getting into the nuts and bolts of the 1031 Exchange, unraveling this complex tax strategy, guiding you through the maze of reinvestment and like-kind property swaps.This episode peels back the layers of this tax-deferring strategy, enabling investors to transfer property gains into fresh investments while smartly sidestepping significant tax liabilities. Get ready to take notes as we lay out the crucial steps to maximizing the 1031 Exchange's benefits. We'll explore the specifics of identifying suitable like-kind properties within tight deadlines and discuss how reinvesting sale proceeds effectively can lead to impressive compound returns.Don't let the term "like-kind" throw you for a loop; we've brought clarity to one of the most contentious topics even tax advisors grapple with. Our conversation illuminates the specifics of what qualifies and the precise timeline to follow when you're using the proceeds from your initial investment to acquire a new one.If you're looking to sidestep hefty capital gains taxes and grow your real estate empire, tune in for this masterclass on leveraging the 1031 Exchange to its utmost potential and discover why countless property owners are extolling the virtues of the 1031 Exchange as an indispensable instrument for financial expansion.If you're interested in investing with First Lien Capital please connect with me at bill@firstliencapital.com or go to firstliencapital.com and press the INVEST button to be contacted by our team.To learn more, visit:https://billbymel.com/Listen to more episodes on Mission Matters:https://missionmatters.com/author/bill-bymel/

Unlock the secrets of savvy real estate investment with the guidance of my guest, Dave Foster, the 1031 exchange maestro, who joins us for an unmissable exploration into the power of strategic tax deferment.    Dave demystifies the 1031 exchange in a riveting conversation that spans from personal transformation to professional mastery. He's a beacon of wisdom, sharing his journey from a fast-paced high profile career to a life rich with time and family, a pivot which introduced him to the world of real estate and the tax-saving powerhouse of the 1031 exchange.  Our discussion breaks down the intimidating walls of this complex strategy and reveals how it serves as a growth catalyst, not just for seasoned investors but for newcomers as well. With Dave's guidance, learn how to work with qualified intermediaries, embrace market adaptability, and tailor your investments to your personal and financial journey.This episode is a treasure trove of knowledge for anyone looking to expand their real estate portfolio wisely while capitalizing on the immense benefits of 1031 exchanges. We unravel the intricacies and dissect scenarios of the benefits offered by reinvesting through 1031 exchanges – to maximize your returns and minimize your tax liabilities, while also touching on innovative approaches such as applying the 1031 exchange to note investing.  Before we bid farewell to Dave, we discuss the enticing blend of 1031 exchanges with owner financing – a smart strategy that can convert active real estate management into a more passive income stream.  This episode leaves us inspired and informed on the true measure of wealth, equipped with the understanding that patience and strategic planning are the bedrocks of not only thriving in real estate, but also in crafting a fulfilling life. You can connect further with Dave on LinkedIn (https://www.linkedin.com/in/davefoster1031/) or at The 1031 Investor (https://www.the1031investor.com). To learn more, visit:https://billbymel.com/Listen to more episodes on Mission Matters:https://missionmatters.com/author/bill-bymel/

If 1031 exchanges aren't already on your radar as a real estate investor, Jonathan's guest, Dave Foster, lays out the nitty-gritty details of why they should be. On this episode of Zen and the Art of Real Estate Investing, Jonathan sits down with Dave to discuss this important aspect of real estate investing: 1031 exchanges and why you could be leaving dollars on the table if you aren't taking advantage of them. Dave is a degreed accountant, 1031 exchange expert, serial real estate investor, and a qualified intermediary. He is also the author of Lifetime Tax-Free Wealth: The Real Estate Investor's Guide to The 1031 Exchange. Jonathan and Dave delve into how a dream of a sailboat led to him becoming a 1031 exchange expert. Dave shares what he learned from his first property investment, the ins and outs of the 1031 exchange process, and how to use it with the 121 tax-free exclusion. Dave also shares why he advises investors to buy properties you could enjoy even though they may not be as lucrative, why attachment to real estate prevents you from profiting as well as you could, what a qualified intermediary is, and the two types of people 1031 exchanges benefit most. Dave Foster's expertise in 1031 exchanges is evident during his chat with Jonathan, and if you're tired of leaving dollars behind, this episode of Zen and the Art of Real Estate Investing is for you. In this episode, you will hear: Dave Foster's winding journey to 1031 exchanges that began with the idea of a sailboat and time freedom His first income property in Denver and what he learned about real estate from that experience How a 1031 exchange works and why it offers more returns to you The two ways to take cash out of your investments while you're participating in 1031 exchanges Using the 1031 exchange in conjunction with the 121 tax-free exclusion Why Dave and his family moved to Connecticut and then Florida, where they purchased a fleet of vacation rentals to fund living on their sailboat Their personal use of vacation rentals because they purchased premium properties on the water The reason today's short-term investors are hostage to management companies and renters Dave's encouragement to buy properties you enjoy even though they may not be as lucrative Attachment to properties and how it holds you back from gaining more profits A qualified intermediary's role in the 1031 exchange process What makes turnkey companies a great option for completing a 1031 exchange When to get your qualified intermediary involved The benefits to your heirs The two types of people 1031 exchanges benefit the most The one thing you need to know about 1031 exchanges that you might not have heard before Follow and Review: We'd love for you to follow us if you haven't yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We'd love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast. If you enjoyed this episode, we've created a PDF that has all of the key information for you from the episode. Just go to the episode page at http://www.trustgreene.com/podcast/zen/101 to download it. Supporting Resources: The 1031 Investor website - www.the1031investor.com Dave Foster on Facebook - www.facebook.com/DaveFoster1031 Connect with Dave on LinkedIn - www.linkedin.com/in/davefoster1031 Website - www.streamlined.properties YouTube - www.youtube.com/c/JonathanGreeneRE/videos Instagram - www.instagram.com/trustgreene Instagram - www.instagram.com/streamlinedproperties TikTok - www.tiktok.com/@trustgreene Zillow - https://www.zillow.com/profile/StreamlinedReal Bigger Pockets - www.biggerpockets.com/users/TrustGreene Facebook - www.facebook.com/streamlinedproperties Email - info@streamlined.properties Episode Credits: If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.

Dave Foster is the Founder and CEO of The 1031 Investor, a Qualified Intermediary of the 1031 Exchange, and has 20+ years of experience working in all phases of real estate investing.Main point:1031 Exchange Basics: How to keep your taxes working for you with a 1031 ExchangeTime is your greatest commodity: Uncomplicated your portfolio less is more - consolidate your investments      to maximize your return with minimal effort using the 1031 exchangeHow to transition from active to passive investing using 1031 exchangesHow to profit in the transition: Navigate your portfolio in a downturn marketThe portfolio impact of investing with or without a 1031 ExchangeWhen and why to use an ExchangeThe Six Requirements of any ExchangeHow to recognize and avoid common 1031 issuesWhat are the latest legislative updates for the 1031 exchangeWhat are the current market trendsConnect with Dave Foster:I have a newly published book, Lifetime Tax-Free Wealth: The Real Estate Investor's Guide to The 1031 Exchange https://a.co/d/1hHQ9WGevents@the1031investor.comhttps://www.facebook.com/DaveFoster1031https://www.instagram.com/davefoster1031/https://www.linkedin.com/in/davefoster1031/https://twitter.com/DaveFoster1031https://www.youtube.com/c/The1031Investorhttps://www.the1031investor.com/Biography Dave Foster:A degreed accountant and serial real estate investor, Dave is a Qualified Intermediary and consultant who shares his tax-saving strategies with investors who want to maximize their returns CONTACT 561-308-5778 events@the1031investor.com www.the1031investor.com LinkedIn/DaveFoster1031 Facebook/DaveFoster1031 Create time & freedom with wisely purchased investments. Learn how you can transition from one investment property to another without paying a penny in taxes. With a bit of advance planning, this straightforward process will keep all of your capital working for your own benefit and help you grow your portfolio faster – using your own tax dollars serial real estate investor, Real Estate Investor's Guide, 1031 Exchange, 

In this episode of The Agent of Wealth Podcast, host Marc Bautis is joined by Dave Foster, Founder and CEO of The 1031 Investor. He is a degreed accountant and serial real estate investor who is a qualified intermediary and consultant for tax saving strategies such as the 1031 Exchange and the Section 121 Homestead Exemption. Today, Dave breaks down how to use the 1031 Exchange in layman's terms.In this episode, you will learn:What a 1031 Exchange is.When and why to use a 1031 Exchange.The six requirements of any Exchange.How to recognize and avoid common 1031 Exchange issues.How to transition from active real estate investing to passive real estate investing using a 1031 Exchange.And more!Resources:Episode Transcript & Blog | 1031investor.com | Bautis Financial: 8 Hillside Ave, Suite LL1 Montclair, New Jersey 07042 (862) 205-5000 | Schedule an Introductory Call

Ever dreamt of transforming your financial landscape through real estate investing without the taxman taking a hefty chunk of your profits? Well, Dave Foster, CEO of 1031 Investor, is on the show today to reveal the secrets of the 1031 exchange - a mechanism that can help you defer taxes on profits from highly appreciated properties by reinvesting them into new real estate. Not only will Dave share his personal journey, but he'll also reveal how this method could have saved him from a costly error in his first real estate transaction.We also delve into the nitty-gritty of property management and the transition to working with the next generation to purchase small multi-family properties. We'll share our trials and tribulations, and, of course, discuss the importance of not giving tenants an equitable interest in the property. Our conversation will also touch on the delicate art of giving up control and the necessity of delegation to family members. If you've ever felt the tug between maintaining control and trusting the management process to others, this episode is for you.Lastly, we'll pull back the curtain on tax-free real estate investing strategies. Drawing from our pool of experience, we'll talk about utilizing primary residence financing, and making the most of tax-free money. We'll also share insights on the benefits of buying down interest rates and potential for saving money during the slow season. Whether you're a seasoned investor looking to up your strategy game, or a beginner looking to enter the market with a bang, this episode is packed full of valuable insights.Buzzsprout - Let's get your podcast launched! Start for FREEDisclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.Support the showThanks for Listening! Follow us on Tik Tok Facebook and Instagram

Dave made a 30k mistake on this first investment, a duplex in Denver, CO, one that ended up costing him over 200k in future missed opportunities. He learned that every real estate investor has a silent partner - Uncle Sam. If you're not careful, Uncle Sam can make more money than you do. But Dave soon learned the incredible value of tax-free savings through the 1031 exchange, which allowed him to buy a sailboat with his family down the road. Dave is a Qualified Intermediary and consultant who shares his tax-saving strategies with investors who want to maximize their returns. He's the author of "Lifetime Tax-Free Wealth: The Real Estate Investor's Guide to the 1031 Exchange". Dave shares how a little bit of advance planning can keep all of your capital working for your own benefit and help you grow your portfolio faster - using your own tax dollars. FOLLOW DAVE

Dave Foster, a Qualified Intermediary (QI) investment professional, understands that real estate is really an investment in your future. As a multi-industry visionary, he has 20 years of experience working in all phases of real estate investing. From commercial to residential, he brings his clients a fresh perspective and clear vision for strategic development. As an investor, he views each investment, whether historical, ecologically sensitive projects, fix-n-flips, rental portfolios, or vacation and resort property development and management, as a unique opportunity to maximize returns. A degreed accountant with a Masters' in Management, Dave built his reputation on being a driven, results-oriented QI who works relentlessly to optimize value for the real estate investors he works with. He is inspired by a genuine desire to help investors excel and continuously strives to create win-win situations. Dave recently launched The1031Investor.com to give investors instant access to the information they need to succeed with 1031 exchanges. https://twitter.com/DaveFoster1031 https://www.instagram.com/davefoster1031/ https://www.facebook.com/DaveFoster1031 https://www.facebook.com/the1031investor https://www.linkedin.com/in/davefoster1031/ https://www.youtube.com/c/The1031Investor https://www.biggerpockets.com/users/davefoster1031 https://www.the1031investor.com/ Watch Mike's free hotel case study at www.strsecrets.com/hotels Connect with the Hosts Michael Sjogren: Short Term Rental Secrets Facebook Group | Clubhouse | Instagram | Youtube | Facebook Page | Linkedin https://linktr.ee/mikesjogren Emanuele Pani: Clubhouse | Instagram | Facebook | Linkedin Watch Mike's free masterclass training on www.strsecrets.com/masterclass Learn more about your ad choices. Visit megaphone.fm/adchoices

Dave Foster, a Qualified Intermediary (QI) investment professional, understands that real estate is really an investment in your future. As a multi-industry visionary, he has 20 years of experience working in all phases of real estate investing. From commercial to residential, he brings his clients a fresh perspective and clear vision for strategic development. As an investor, he views each investment, whether historical, ecologically sensitive projects, fix-n-flips, rental portfolios, or vacation and resort property development and management, as a unique opportunity to maximize returns. A degreed accountant with a Masters' in Management, Dave built his reputation on being a driven, results-oriented QI who works relentlessly to optimize value for the real estate investors he works with. He is inspired by a genuine desire to help investors excel and continuously strives to create win-win situations. Dave recently launched The1031Investor.com to give investors instant access to the information they need to succeed with 1031 exchanges. https://twitter.com/DaveFoster1031 https://www.instagram.com/davefoster1031/ https://www.facebook.com/DaveFoster1031 https://www.facebook.com/the1031investor https://www.linkedin.com/in/davefoster1031/ https://www.youtube.com/c/The1031Investor https://www.biggerpockets.com/users/davefoster1031 https://www.the1031investor.com/ Watch Mike's free hotel case study at www.strsecrets.com/hotels Connect with the Hosts Michael Sjogren: Short Term Rental Secrets Facebook Group | Clubhouse | Instagram | Youtube | Facebook Page | Linkedin https://linktr.ee/mikesjogren Emanuele Pani: Clubhouse | Instagram | Facebook | Linkedin Watch Mike's free masterclass training on www.strsecrets.com/masterclass Learn more about your ad choices. Visit megaphone.fm/adchoices

Today's guest is Dave Foster.   Dave is a 1031 Exchange Expert, a degreed accountant, and serial real estate investor. He is also a Qualified Intermediary and consultant who shares his tax saving strategies with investors like you who want to maximize their returns.    Show summary:  In this episode of "How to Scale Commercial Real Estate", host Sam interviews Dave Foster, a 1031 exchange expert. Dave shares his personal experience of using 1031 exchanges to fund his lifestyle, including living on a sailboat for ten years. He explains the four D's of 1031 investing and how they can be used to recession-proof a portfolio.   -------------------------------------------------------------- Intro (00:02:41)   Using 1031 Exchange to Fund Lifestyle (00:04:40)   Nuances of Converting 1031 Property into Primary Residence (00:06:31)   The first d: Defer (00:11:26)   The second d: Diversify (00:12:20)   The third d: Die (00:15:16)   The 37 part YouTube series (00:24:09)   Ways to contact and talk to us directly (00:24:09)   Subscribe and leave a review (00:24:23) -------------------------------------------------------------- Connect with Dave:  Twitter: https://twitter.com/DaveFoster1031   Instagram: https://www.instagram.com/davefoster1031/   Facebook: https://www.facebook.com/DaveFoster1031   Facebook: https://www.facebook.com/the1031investor   LinkedIn: https://www.linkedin.com/in/davefoster1031/   YouTube: https://www.youtube.com/c/The1031Investor   BiggerPockets: https://www.biggerpockets.com/users/davefoster1031   Website: https://www.the1031investor.com/   Book: https://a.co/d/f6rKKzc   Connect with Sam: I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns.     Facebook: https://www.facebook.com/HowtoscaleCRE/ LinkedIn: https://www.linkedin.com/in/samwilsonhowtoscalecre/ Email me → sam@brickeninvestmentgroup.com   SUBSCRIBE and LEAVE A RATING. Listen to How To Scale Commercial Real Estate Investing with Sam Wilson Apple Podcasts: https://podcasts.apple.com/us/podcast/how-to-scale-commercial-real-estate/id1539979234 Spotify: https://open.spotify.com/show/4m0NWYzSvznEIjRBFtCgEL?si=e10d8e039b99475f -------------------------------------------------------------- Want to read the full show notes of the episode? Check it out below: Dave Foster (00:00:00) - But what people don't realize is that it is perfectly fine to periodically convert a 1031 property that has a large amount of deferred tax into your primary residence. And prior to 2008, when you did that and you lived in it the requisite amount of time, you were able to take the entire amount of the primary residence exemption tax free.   Sam Wilson (00:00:31) - Welcome to the how to Scale Commercial Real Estate show. Whether you are an active or passive investor, we'll teach you how to scale your real estate investing business into something big. Dave Foster is a 1031 exchange expert. He's also a qualified intermediary and consultant who shares his tax saving strategies with investors like you, who want to be in to maximize their returns. Dave, welcome to the show.   Dave Foster (00:00:57) - Sam, it's great to be here again. It's been a while since we got together, man.   Sam Wilson (00:01:03) - It's been since March 16th, 2021 that you've been here on the show. So it's I'm glad glad to have you back on the show today. But maybe for our listeners who haven't gone back to March 16th two and a half years ago and listen to that first episode, there are three questions I ask every guest who comes on the show, so if you don't mind answering them yet again in 90s or less, tell me, where did you start? Where are you now and how did you get there?   Dave Foster (00:01:28) - I started with a huge tax bill from the IRS because my other name is ready.   Dave Foster (00:01:34) - Fire firing. Dave and I bought a duplex in Denver. Fixed it up, sold it. And didn't realize that the 1031 was even allowed. And so ended up paying a huge tax bill. You want to know how that thing still haunts me to this day? Sure. Is that the tax bill would have been about $30,000.30 years ago if I made 10% on my money. For 30 years. What would that look like in my checking account?   Sam Wilson (00:02:05) - I'm going to say 1.2 million. I have no idea.   Dave Foster (00:02:08) - What is it? I refuse to think about it because I want to. It would have been a lot. So that was where I got started, was I discovered that we were going to be able to get to our family's goals quicker by using the tax deferred power of the 1031 exchange. And so that was how we got there. Ten years into that thing, we were able to buy a 53 foot sailboat and move our children on it and raise four boys on a sailboat with tax free dollars from 1031 exchanges.   Dave Foster (00:02:41) - And where I am then, now, today is continuing to reap that and helping other people learn how to do it as well.   Sam Wilson (00:02:49) - So you lived on a 53 foot sailboat? For how long?   Dave Foster (00:02:55) - Ten years.   Sam Wilson (00:02:56) - Wow.   Dave Foster (00:02:57) - Yeah. We raised our four boys on it.   Sam Wilson (00:02:59) - Did you sail around the world?   Dave Foster (00:03:01) - We did not go around the world. But there is so much to see. 50 yards offshore we went. We can find ourselves to Florida. The keys to the Gulf of Mexico and the bombs. And never got to see even a fraction of them. I'm sure there's so much out there.   Sam Wilson (00:03:19) - I'm absolutely sure that that sounds amazing. So would you say that you're a good sailor?   Dave Foster (00:03:26) - Huh? Okay, there is a truism here. Learning to sail is just like learning to golf. It's easy to learn. It's impossible to master.   Sam Wilson (00:03:39) - And now you know why I don't play golf? That. That's a difficult, difficult game. And I imagine sailing is the same. That's not nothing I've ever tried my hand at, but anytime I see it, even on YouTube videos or otherwise, I go, wow, there, looks like there's a lot to know there.   Dave Foster (00:03:56) - Oh, you know what? You're only seeing the final take, right? Right. You're not seeing the 20 takes before that, because it is so true that any docking you walk away from is a great docking. It's a.   Sam Wilson (00:04:09) - Great docking.   Sam Wilson (00:04:12) - Note to self, if I ever decide to live on a sailboat, I'm. I'm going to come calling to you and say, Dave, show me, show me how to do it. You mentioned that while you lived on that sailboat, you use the 1031 exchange to fund that lifestyle. That doesn't make any sense to me. Tell me why I'm wrong. Because in my mind, you take 1031 money and you just roll it over indefinitely. How were you reaping proceeds from 1031 exchanges tax free?   Dave Foster (00:04:40) - Yeah, a couple different ways. That's a great question, because it's one of the most powerful parts of the tax code that nobody knows. So the first one is you want to think about the 1031 exchange as a way to compound your investment capital, because you're getting to reinvest not just your sales proceeds minus tax.   Dave Foster (00:05:02) - You're also getting to. Reinvest for your benefit. The tax dollars you get to defer. So just like in my example, if instead of paying the government $30,000, I get to reinvest that $30,000 at 10%, it's going to double every seven years. And that money that is used to purchase cash flow real estate. And that's always been where my heart is, is to position myself into assets that throw off cash on a regular basis, because then they're doing the work and I'm not. So we had taken our journey from Colorado to Connecticut to Florida, using the 1031 exchange into a fleet of vacation rental properties. And while we were on the boat, those vacation rental properties generated the income for us. Right. So that's the that's the first and easiest way. The reason why the boat was tax free was because we utilized this crossover between section 1031, which is deferral of the tax on investment property, and section 121, which is the sale of your primary residence. Now, when you sell your primary residence, if you've lived in it for two out of the five years prior to sale, you get to take as a couple the first $500,000 right? Profit tax free.   Dave Foster (00:06:31) - And you can do that once every two years. But what people don't realize is that it is perfectly fine to periodically convert a 1031 property that has a large amount of deferred tax into your primary residence. And prior to 2008, when you did that and you lived in it the requisite amount of time, you were able to take the entire amount of the primary residence exemption tax free. So we did that a couple of times in Colorado before we got to Connecticut. And then in Connecticut, we converted a rental property into our primary residence. We came to Florida, did the same thing, and each time we sold, then it was tax free. And that money went to buy the boat. So that's how we got the boat tax free. And then lived our lifestyle of my private clients and the vacation rentals.   Sam Wilson (00:07:34) - So let me just restate what you've said and see if it makes sense to. It just tell me where I'm where I'm getting this wrong. You're rolling over these 1031 properties. You already own one of them.   Sam Wilson (00:07:48) - Say it's a rental property. And you say, all right, I'm going to move into that now. And that's going to become my primary residence. And then two years after living in that primary residence, you say, Bagot, we're going to sell it and head south. You sell that primary residence, and now let's say you've made the maximum amount good for you. You made $500,000. You put that in your pocket tax free now able to go and spend it. And that's it's almost it's almost a a back door exit of a 1031.   Dave Foster (00:08:21) - That's exactly right. Let me tell you the story of a client of mine down on Saint Pete Beach who used 1031 exchange to buy three identical, mean, almost literally identical beachfront condos on the same floor of the same building. And that he retired. And after a period of time he moved into the first one. Now the rules have changed since 2008. You now only get to prorate the game, but as soon as he had lived in that, so that he did for five years, he had lived in it for three years.   Dave Foster (00:09:00) - And then he'd rented it for two years. So we moved into it and lived here for three more years. And then when he sold it, he got to take 60%, 3/5 of the game tax free. He paid tax on the rest of the game. I said, you okay with that? You said, dude, if I was bagging groceries, I'd be paying tax this way. Just go out to my back deck and drink coffee. But where did he move? Next door.   Sam Wilson (00:09:28) - Next door.   Dave Foster (00:09:31) - And now. So the proration is what's powerful because you have to owned the property for five years, but then it's based on how much you've lived in it. So let's say he rents it for two years and losing it for eight, he would get 8/10 80% of the gain tax rate. And then words, you get a move. Enter the next one. Now, you said the great way to do that.   Sam Wilson (00:09:57) - Great way to do it. I love I love the unique strategy. It takes a little bit.   Sam Wilson (00:10:01) - It takes a lot of patience and some planning, I think, to pull something off like that. But you had mentioned the rules have changed since 2008. What are the nuances since zero eight maybe to that and if you've already set them and I just missed them, forgive me.   Dave Foster (00:10:14) - Yeah. Well you used to be able to get the whole game tax free. Got it. Okay. You have to prorate it. That's really the big difference.   Sam Wilson (00:10:20) - That's that's the that's the key. So of the you have to have owned it for at least five years. And only you can prorate the number of years that you actually physically lived in that space.   Dave Foster (00:10:32) - Precisely. Yep. But still, what a great opportunity as you get towards the end. Right. And you're trying to slow down, go more passive.   Sam Wilson (00:10:41) - That's fantastic I love that. Okay. Hey, you went into some nuance and some detail there. I didn't I didn't actually expect and that's kind of what I was hoping for because I think a lot of our investors and listeners understand high level.   Sam Wilson (00:10:56) - 1031 okay. Like maybe it's maybe it's the maybe, you know, whatever the value has to be less or you're buying a bigger property. You, you know, use an intermediary. There's there's all those basic steps to it, I think that a lot of us get. But when you get into things like what you just mentioned, man, that's really powerful. And I had no idea about stuff like that.   Dave Foster (00:11:14) - Right. Well, you want to take a real quick test. Let's see how you do.   Sam Wilson (00:11:18) - Let's see how I do. More than likely now I suddenly retract everything I said about high level understanding, because I think I'm about to get an F.   Dave Foster (00:11:26) - Oh, no, no, you're gonna do awesome on this test. This is a test on what the four D's of 1031 investing are. Now, I'll give you the first one. The first. Steve. 1031 investing is defer. Right? Because anytime you defer, you're starting to calm down your profits. Well, that by itself is the eighth wonder of the world.   Dave Foster (00:11:49) - But you can 1031 exchange anywhere in the country, from any type of real estate to any type of real estate. So if you're going to sell a piece of real estate, no matter where you want to go or what you want to invest in. You do the 1031 and defer. Sure. What do you think the second deal would be?   Sam Wilson (00:12:09) - Defer.   Dave Foster (00:12:10) - Defer.   Sam Wilson (00:12:11) - Uh. Shoot. Defer.   Dave Foster (00:12:15) - I'll give you a hint. Okay. It's deferred.   Sam Wilson (00:12:17) - Oh, okay.   Dave Foster (00:12:20) - Because the 1031 allows you to capture wherever you're adding a real estate cycle. And we may talk about this a little bit in just a minute, but the idea is that real estate cycles cannot be predicted, but they still always follow the same pattern. Appreciation is high and then appreciation stagnates and some other area starts to come on. Think about all those poor people in San Francisco Bay that sold those massively appreciated properties in Silicon Valley, and when invested in the cheap hill country of Texas around Austin, just because they wanted to hang out with you on, they went from an area of high appreciation to a high cash flow.   Dave Foster (00:13:06) - And now, of course, that appreciation has taken off. So everybody in 1031 world is always looking for where the next place is. That isn't yet. So that's the second deed. All right. What do you think the third D is?   Sam Wilson (00:13:24) - I'm going to say defer.   Dave Foster (00:13:26) - Yes. C you're all over this man. And the reason why is that it doesn't just accommodate your movement within a real estate cycle. It accommodates your movement throughout your life cycle as a real estate investor. You could do what are called diversification exchanges, where you sell one and you buy multiple properties to capture maybe your energy level and wanted to force appreciation to get better cash flow on cheaper properties as you start to mature and get tired. You can sell several and consolidate them when you want to start moving into more passive investments. Larger multifamily, triple net commercial, all those types of things where your effort is less. You could also take the opportunity, like we discussed a minute ago, to convert them periodically to your primary residence so that you're capturing turning some of that tax free.   Dave Foster (00:14:31) - And what about moving your portfolio from Ohio to Sarasota, if that's where you want to retire and you want your rentals in your backyard? So that's the third D is it accommodates your life cycle. Okay. For the win. What's the fourth deed.   Sam Wilson (00:14:50) - Dave.   Sam Wilson (00:14:52) - Dave Foster the 1031.   Dave Foster (00:14:55) - Guy answer but you like it. So I'm an experienced the injury of telling you that it's not defer. And unfortunately it's not Dave either. Have no idea. Which is not my favorite answer. But we're all have that way, right?   Sam Wilson (00:15:13) - None of us get out of here alive, right?   Dave Foster (00:15:16) - But here's what happens to your assets when you pass away. Your heirs inherit them and what is called a stepped up basis. So they inherit them as if they paid market value for them on the day you die. So throughout your life, you defer, you defer, you defer. And there's all this deferred tax. When you die, it disappears. You don't pay it. Your estate doesn't pay it. Your heirs get the property tax free.   Dave Foster (00:15:53) - And then they get to start the process over again. It's the greatest generational wealth building opportunity that's out there. Unfortunately, you and I have to die to give it away.   Sam Wilson (00:16:04) - And die to give.   Sam Wilson (00:16:05) - It away. Yeah. You don't get to take it with you. Uh, I think that's a blessing too, though. But no, you think you're right. That's that is. That's amazing. I didn't realize that. There at the end, the stepped up basis.   Dave Foster (00:16:20) - Yeah, I've literally got one family that are now on their third generation investment from Connecticut. The grandfather started doing exchanges with us, and he passed away a few years into it, and his son inherited all of the properties. Don't tax tax free. But then a couple of years later, guess what he was starting to do is up to 31 exchanges. Because those properties it started to appreciate. And then we passed away a couple of years ago. His properties went to his children. And now throughout this boom, they too have started to appreciate and they are now doing their own two, three, one changes.   Dave Foster (00:17:03) - Can you imagine how much tax that is that is come down to them? It's in their pockets tax free.   Sam Wilson (00:17:11) - That's that's incredibly powerful. So what about properties where people borrow money, say you're doing a fix and flip or say that whatever it is, you borrow money in order to improve the property. Let's call it $1 million, and you put in a quarter million dollars in renovations. Then you sell it for 1.5. Let's I mean, I'm just making up numbers. Whatever they are doesn't matter. But how do you and then you owe that money back, obviously, to the people you borrowed money from when that property closes. You're only paying tax, of course on the gain that 250 gain.   Dave Foster (00:17:45) - Yeah, that's exactly right. So the way the IRS accounts for that is that they tell you that if you want to do for all tax, you need to do two things. You need to purchase at least as much real estate as you sold. So in our example that would be the 1.5, right.   Dave Foster (00:18:02) - Secondly, you need to use all of your proceeds from a sale to do that. So you know let's say you borrowed. 750 to buy it, right? Plus the 250 to renovate it. So there's a million, right. So you sold it for $1.52 million. It gets paid back, and you're left with 500,000 in cash and the need to buy at least 1.5 degrees right now, if you want to grow up in size, that's no problem at all, isn't it? You can find a big asset. What if you want to get more when you take those proceeds and you allocate them into down payments on multiple properties? Okay, $250, a couple of different properties or whatever it is that you want to do, and that's how powerful that can be, because the IRS doesn't care how you allocate, as long as at the end of the day, you've purchased at least as much as you sold, and you've used all the proceeds to do it. Now, here's an incredible hack to recession proof your portfolio using this exact principle.   Dave Foster (00:19:14) - Let's say you've got a property for you're selling for 500,000 and there's 200,000 in debt. You sell the property, you've got $300,000 in cash. You could take 250,000, let's say, and go buy the $250,000 property for cash. Right. Take the other 50,000 and go buy the $250,000 property. Using that as a down payment. So you sold what you bought to. But some magical things happen. First of all, you want an asset that's free and clear so you don't have to worry about just keeping the lights on. It's free of mortgage risk. It's free of being taken from you. If the market downturns or whatever, but also all of that equity is trapped in it. So that like right now when we're in 7% interest rate world, you don't have to worry about paying interest while you wait for your next project. Let's say a couple of years from now, interest rates are back down to 3%. You slap a refinance on that. Pull out the bulk of that two hour 50,000. And then go use that to buy your next acquisition target.   Dave Foster (00:20:36) - But meanwhile, it hasn't been costing you anything, but you were still able to defer all the tax of a gain because you use the other 50,000 and used it as leverage to go buy your second property. That's a pretty neat way.   Sam Wilson (00:20:52) - Yeah. That's awesome. That's one thing I didn't realize as well is that you can split those down payments on several properties. Do those. Is there any regulation around? All of those properties being owned inside the same entity or the same name, or does it not matter?   Dave Foster (00:21:14) - Yeah. Actually does. And that's just one of the basic rules of 1031 is that the taxpayer for the property that's being sold has to be the taxpayer for the properties that are purchased. Now, any taxpayer entity could do it to 31 exchange, but it's whatever tax return reports that. Now a lot of people love to practice liability, you know, reduction of that kind of thing. So they like to own their properties at LLCs and at certain state series LLCs where there's a parent LLC that does all its own tax return, and they had children and child LLCs that don't.   Dave Foster (00:21:55) - Those are very common. As long as those children LLCs don't bother no tax return, they're going to be reported on the tax return of the parent LLC and the IRS world. That's the same taxpayer because it's that tax return. So you could sell the one. Buy a property in Dayton, Ohio, free and clear under water, and Ohio LLC and co buy an Alabama property using. Leverage using an Alabama LLC. Both of which are owned by the parent LLC. So plenty of ways to practice liability deferral as well.   Sam Wilson (00:22:37) - Right.   Sam Wilson (00:22:37) - Yeah. That makes that makes a lot of sense. Very, very cool Dave. It's been a pleasure having you come back on the show today. You always give some insightful nuances to the 1031 exchange. I know that you've recently put out a book. Before we sign off here, can you tell our listeners about that book and the best way to get a copy of it?   Dave Foster (00:22:58) - Yeah, it's right out there on Amazon. It's called Lifetime Tax Free Wealth A Real Estate Investors Guide to the exchange.   Dave Foster (00:23:06) - And I love how you catch this. Early on in the show where you talked about the rules and the do's and don'ts. I thought that's what I was writing. But at the end of when looked at when, you know, this is really more of a roadmap for how to strategically reach your life goals using the government's tax dollars. So it's really more strategy and designed to fit your desires than it is just by the numbers one, two, three kind of thing. That kind of fun. We do a lot of case studies in it. People like I was just talking about my story, several others. Because think out there, there's always a way to do this. There's always a way to do it using the government's dollars. And I guarantee you that'll be faster.   Sam Wilson (00:23:55) - I love.   Sam Wilson (00:23:55) - It. Dave, thank you again for coming on the show today. We know how to get your book. Outside of that, what is the best way for our listeners to get in touch with you or your company and learn more about you?   Dave Foster (00:24:05) - Stop by the 1031 investor.com.   Dave Foster (00:24:09) - I've got a 37 part YouTube series talking about all these kinds of things. We've got calculators. We've got ways to contact and talk to us directly, and we get bored if we don't have people visit.   Sam Wilson (00:24:22) - So that's.   Sam Wilson (00:24:23) - Fantastic. The 1031 investor.com. Dave, thank you again for your time today. Certainly appreciate it. Hey, thanks for listening to the How to Scale Commercial Real Estate podcast. If you can do me a favor and subscribe and leave us a review on Apple Podcasts, Spotify, Google Podcasts, whatever platform it is you use to listen. If you can do that for us, that would be a fantastic help to the show. It helps us both attract new listeners as well as rank higher on those directories. So appreciate you listening. Thanks so much and hope to catch you on the next episode.    

A Post-9/11 Veteran Town Hall Discussion between Hoover Fellow Jacquelyn Schneider, Congresswoman Chrissy Houlahan, LTG (ret) H.R. McMaster, and Veteran Fellowship Program Fellows Megan Andros and Dave Foster. When veterans return home, they are not only supported by society, but also contributors to that society. Significant focus has been placed on the challenge of reintegrating post 9-11 veterans within a community that feels increasingly separated from the military. What is the role of the post 9-11 veteran in their local communities? How can the post 9-11 experience help solve local problems, like homelessness, disabilities, and community project financing? Can we move beyond “reintegration” to decrease the divide between an all-volunteer force and the society from which their members come? Friday, November 10, 2023 – Valley Forge Military Academy and College, Wayne PA Featuring U.S. Rep. Chrissy Houlahan | Pennsylvania's 6th District LTG H.R. McMaster, USA (Ret.) | Hoover Senior Fellow Megan Andros | Hoover Veteran Fellow 2021-2022 Dave Foster | Hoover Veteran Fellow 2022-2023 Moderated by  Dr. Jacquelyn Schneider | Hoover Fellow, post-9/11 veteran, USAFR With special welcome by Col. Stuart B. Helgeson, USMCR (Ret.) | President, Valley Forge Military Academy and College 

A 1031 exchange provides the opportunity of deferring taxes by swapping one investment property for another. However, the nuances of 1031s can be tricky to understand, so we've asked Mr. 1031 himself, Dave Foster, to join us and help explain the basics of a 1031 exchange. We discuss why the time constraints of 1031s are unattractive to investors, some solutions for deferring tax and maximizing a 1031, the costs related to 1031s, and how to overcome the challenges that may arise when investing in a 1031. We also learn about vetting 1031 intermediaries, the Delaware Statutory Trust, and the “four” D's of 1031 investing. Key Points From This Episode:Introducing 1031 expert, Dave Foster as he describes who he is and what he does. The basics of a 1031 exchange. Why the time constraints of 1031s scare many willing investors away. How some are forced into deals that aren't the right fit for them.  Solutions for deferring tax and fully utilizing a 1031. Assessing the costs of a 1031 exchange. Things that could go wrong with a 1031, and how to overcome these problems. How to separate good 1031 qualified intermediaries from bad ones. Delaware's Statutory Trust (DST) and how it differs from standard syndication. The four Ds of 1031 investing: defer, defer, defer, and die. Links Mentioned in Today's Episode:Dave Foster on LinkedIn Dave Foster on InstagramDave Foster on X  Dave Foster on YouTubeThe 1031 InvestorLifetime Tax-Free WealthAsset Management Mastery Facebook GroupBreak of Day CapitalBreak of Day Capital InstagramBreak of Day Capital YouTubeGary Lipsky on LinkedInJoseph Fang on LinkedIn

The last time my guest was on the show he shared some mind-blowing 1031 exchange strategies that can help you shelter your real estate sale profits from the IRS. That was episode #237 if you want to check it out. Dave Foster is back on the show again today to share more examples of successful 1031 exchanges and update us on the latest proposed legislative changes to this incredible investment tool. Dave also released an Amazon best-selling book called “Lifetime Tax-Free Wealth: The Real Estate Investor's Guide to The 1031 Exchange”. Find out more: Website: https://www.the1031investor.com/ LinkedIn: https://www.linkedin.com/in/davefoster1031/  YouTube: https://www.youtube.com/c/The1031Investor  Lifetime Tax-Free Wealth: The Real Estate Investor's Guide to The 1031 Exchange: https://a.co/d/hs4Rv92 Today's episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area. https://www.livegreenlocal.com And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and Medicare benefits. https://www.rcbassociatesllc.com

The 1031 exchange can be a massively beneficial tool for real estate investors to have in their arsenal. It allows an investor the opportunity to defer taxes on the sale of a home, maximizing profit. To dive deeper into leveraging this opportunity, we are joined by 1031 exchange expert, Dave Foster. He is a real estate investor, accountant, tax strategist, executive director of The 1031 Investor platform, and the author of Lifetime Tax-Free Wealth: The Real Estate Investor's Guide to the 1031 Exchange.  Dave defines himself as a poster child of Living Off Rentals and is eager to share his knowledge and methods for success in investing. Tune in, take notes, and profit.  Key Takeaways [00:00] Dave Foster and his background [09:44] Dave's investments and 1031 exchanges  [18:10] 1031 exchange strategies [24:05] More on 1031 exchanges–properties, tax deference, and recommended amount  [28:37] 1031 exchange and passive investing  [31:42] Dave's book on 1031 exchanges [33:06] Connect with Dave   Guest Links Website – the1031investor.com Show Links Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals Living Off Rentals Website – livingoffrentals.com Living Off Rentals Instagram – instagram.com/livingoffrentals Living Off Rentals TikTok – tiktok.com/@livingoffrentals

Discover a way to defer taxes while building your real estate business in this episode featuring Dave Foster. Explore the potential of 1031 Exchange in amplifying profits and unlocking wealth-building opportunities in the property investing industry. Seize the key to success by tuning in!Key Takeaways to Listen forBenefits of 1031 exchanges for real estate investors 4 D's of 1031 exchanges and how it works How 1031 exchange helps in building generational wealth The importance of the internal rate of return in real estate investing Most common misconceptions about 1031 exchanges Resources Mentioned in This EpisodeLifetime Tax-Free Wealth by Dave Foster | PaperbackThe 7 Habits of Highly Effective People by Stephen Covey | Kindle and PaperbackApartment Syndication Due Diligence Checklist for Passive Investor About Dave FosterDave Foster is the founder of The 1031 Investor, a website designed to help investors connect with 1031 Exchange resources and expertise. He's invested in agricultural investments, residential subdivisions, MF, and SF rentals across the US. He's also the author of Lifetime Tax-Free Wealth: The Real Estate Investor's Guide to the 1031 Exchange.Connect with DaveWebsite: The 1031 InvestorYouTube: The 1031 Investor To Connect With UsPlease visit our website: www.bonavestcapital.com, and please click here, to leave a rating and review!SponsorsGrow Your Show, LLCThinking About Creating and Growing Your Own Podcast But Not Sure Where To Start?Visit GrowYourShow.com and Schedule a call with Adam A. Adams

Welcome back to the podcast, Dave Foster! Dave is a Qualified Intermediary (QI) investment professional, who understands that real estate is really an investment in your future. As a multi-industry visionary, he has over 20 years of experience working in all phases of real estate investing. From commercial to residential, he brings his clients a fresh perspective and clear vision for strategic development. He is inspired by a genuine desire to help investors excel, and he continuously strives to create win-win situations. Dave's specialty is in 1031 exchanges, which he describes in depth during this interview and in his new book Lifetime Tax-Free Wealth: The Real Estate Investor's Guide to The 1031 Exchange. Dave is a wealth of knowledge on how real estate and the unique tools within it can create true legacy wealth, along with the life you have always wanted! Listen in! Connect with Dave: Twitter: https://twitter.com/DaveFoster1031 Instagram: https://www.instagram.com/davefoster1031/ Facebook: https://www.facebook.com/DaveFoster1031 Facebook: https://www.facebook.com/the1031investor LinkedIn: https://www.linkedin.com/in/davefoster1031/ YouTube: https://www.youtube.com/c/The1031Investor BiggerPockets: https://www.biggerpockets.com/users/davefoster1031 Website: https://www.the1031investor.com/ Dave's NEW book: https://www.amazon.com/Lifetime-Tax-Free-Wealth-Investors-Exchange-ebook/dp/B0C6RFQZ8M Dave's previous appearances on the podcast: Episode #71: https://podcasters.spotify.com/pod/show/lee-yoder/episodes/The-Money-Saving-Power-of-the-1031-Exchange-with-Dave-Foster-71-e19b3cf Episode #29: https://podcasters.spotify.com/pod/show/lee-yoder/episodes/Achieving-a-Dream-of-Living-on-a-Sailboat-for-10-Years-by-Using-the-1031-Exchange-with-Dave-Foster-eockbv Connect with Lee: Website: ⁠THREEFOLD - Real Estate Investing (threefoldrei.com)⁠, Email: info@threefoldrei.com, Facebook: ⁠Threefold Real Estate Investing | Facebook⁠, LinkedIn: ⁠Lee Yoder | LinkedIn⁠, NEW!!! YouTube Channel: https://www.youtube.com/channel/UCGM93x6ZEDa4n9yH7UP97iA Check out our Free E-book! ⁠https://threefoldrei.ac-page.com/5-steps-to-passive-income-for-the-full-time-dad

Dave Foster is the CEO and founder of The 1031 Investor, which helps real estate investors navigate tax-saving strategies within the 1031 exchange. In this episode, Dave shares invaluable ways to use the 1031 exchange to exponentially increase your wealth and navigate the often complicated world of real estate investing.    Dave Foster | Real Estate Background CEO and founder of The 1031 Investor Portfolio: Residential subdivision Multifamily rentals Single-family rentals Agricultural land investment Based in: St. Petersburg, FL Say hi to him at:  the1031investor.com LinkedIn Best Ever Book: Lifetime Tax-Free Wealth: The Real Estate Investor's Guide to The 1031 Exchange by Dave Foster Greatest Lesson: Time is your greatest commodity. Downsizing your portfolio can actually supersize your life.   Click here to learn more about our sponsors: Techvestor Rent to Retirement Small Axe Podcast BAM Capital

Welcome to the Apartment Syndication Made Easy podcast! In this captivating episode, we have a special guest, Dave Foster     Discover the incredible advantages of the 1031 exchange and how it can help you save big on taxes while boosting your bottom line.     Join host Vinney Chopra and expert Dave Foster as they unravel the complexities of this powerful tax strategy and provide valuable insights for smart investments.     In this engaging YouTube video, you'll learn about the process of deferring capital gains taxes, the timelines involved, and the flexibility it offers for real estate investors.     Explore the potential of Delaware statutory trusts (DSTs) as a hassle-free option for fractional ownership.     Don't miss out on this opportunity to maximize your returns and take your real estate investments to the next level.     https://www.the1031investor.com/     Get Your Free Copy of The International Best Selling Book https://apartmentsyndicationmadeeasy.com/freebook     Watch the Full Video here: https://youtu.be/zfTQ7A3mU_0     Don't forget to head over to iTunes to subscribe, rate, and leave a review. It's very much appreciated.        https://podcasts.apple.com/us/podcast/syndication-made-easy-with-vinney-smile-chopra/id1473126675   INVEST with Vinney [Accredited Investors ONLY]: https://vinneychopra.com/invest/ https://www.accreditedinvestor.blog/book-a-call LEARN from Vinney: https://vinneychopra.com/mentoring Want more information about value-add multifamily investment properties? Click here: https://multifamilymentor.blog