#193 - 1031 Tax Savings Strategies You Probably Don't Know About - Dave Foster

Living Off Rentals

English - October 25, 2023 11:00 - 34 minutes - 31.6 MB
Investing Business Entrepreneurship cashflow investing landlord propertymanagement rentalproperties passiveincome realestateinvesting Homepage Download Google Podcasts Overcast Castro Pocket Casts RSS feed

Previous Episode: #192 - 600 deals in the past 10 years working 1hr per day - Sharad Mehta

Next Episode: #194 - How Not to Get Sued as a STR Owner - Keith Brady

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