Can President Biden Get Rid of the 1031 Exchange? | PREI 347
Passive Real Estate Investing
Real Estate Investing with Marco Santarelli, Investor and Entrepreneur.
4.6 • 968 Ratings
🗓️ 20 July 2021
⏱️ 42 minutes
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| 0:00.0 | Welcome to passive real estate investing, the show where busy people like you learn how to build substantial passive income while creating wealth for the long term. |
| 0:10.0 | And now here's your host, Marco Santorelli. |
| 0:13.0 | Welcome to another episode of passive real estate investing. |
| 0:16.0 | I'm your host, Marco Santorelli. |
| 0:18.0 | We have a great, great episode for you today. |
| 0:21.0 | What is one of the fastest ways to grow your wealth with real estate or even as a small |
| 0:26.6 | business owner? The answer is it's the tax deferred 1031 exchange. If you know what I'm talking about then you know what I'm talking about and if you don't know what that means |
| 0:37.0 | Stay tuned this episode is going to answer some great questions and we've got some golden nuggets of information throughout this |
| 0:43.4 | episode and then a great strategy that you should be thinking about or |
| 0:48.8 | employing today or this year if you are thinking about doing a 1031 exchange or planning to do a 1031 exchange |
| 0:57.8 | the challenge you're going to have in today's market environment may make it difficult for you. |
| 1:02.4 | But I think we have the solution. It's one of the |
| 1:04.6 | strategies that we talk about later in the episode. So stay tuned for that. Basically, listen to the |
| 1:10.7 | entire episode. I think there's just a lot of good information in |
| 1:13.3 | today's interview with my guest Dave Foster. So if you need help there are a lot of |
| 1:20.0 | people out there who can help you with a 1031 exchange. Some people are more seasoned and better than others. |
| 1:26.2 | What I do like about my guest today, Dave, is that he is an investor himself and has been using the 1031 to create and grow his wealth for about 22 years. |
| 1:38.0 | And I thought this episode was timely given what is being proposed in Congress about changes to the tax code. |
| 1:47.0 | There's always, you know, the initiative to tax the rich, tax the wealth, the increased taxes on those that make more money. |
| 1:54.1 | But what people don't realize is that the tax code is really just an incentive code. |
| 1:58.6 | It's really the government's way of telling people what to do because the government can't do that thing very well. |
| 2:05.2 | And rental housing is an example of that. |
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