Ep #127: The Power of a 1031 Exchange and How to Take Advantage of This Powerful Tax Code in Your Own REI Business - with Dave Foster

Real Estate Investing for Cash Flow with Kevin Bupp

Kevin Bupp

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4.9 • 675 Ratings

🗓️ 11 October 2016

⏱️ 60 minutes

🔗️ Recording | iTunes | RSS

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Summary

In todays show, we’ll be speaking with Dave Foster, who is the regional development director for Colorado based exchange resource group, a qualified intermediary specializing in 1031 tax deferred exchanges.

If you are a Real Estate investor who hasn’t yet discovered the power behind, then I’m positive that you’ll be blown away by the information that Dave shares with us today. Plain and simple; what would you say if there was a way to essentially defer all of your capital gains taxes indefinitely? Would you want to know how? Well, that’s what we’ll cover in todays show. The 1031 exchange is a tax code utilized by the most successful real estate investors and is one you need to your Real Estate Investing arsenal.

I’m positive that you’ll find a ton of value and education in our show with Dave.

Here’s what you’ll learn in todays show:

What a 1031 Tax Exchange is and how this particular tax code allows us to defer tax liability after a sale of a property.
What a “like-kind” exchange is.
The basic structure and steps taken to perform a 1031 exchange
Why you can’t use a 1031 on your primary residence.
How to navigate the timing rules of a 1031 exchange and ensure you don’t miss the deadlines to identify your “like-kind” exchange.
The biggest mistakes made by new investors when trying to perform a 1031
The 4 types of exchanges and the ideal situation for each one
Why you’d be foolish not to roll your property into a 1031 exchange
And much, much more….

Recommended Resources:

Grab a free copy of my latest book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them MobileHomeParkAcademy.com
Download my free success guide, “7 habits of highly successful multi-family investors” by going to KevinBupp.com/guide
Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/KT36S

Transcript

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0:00.0	You've been searching for the best way to generate passive income in your life and heard that real estate is a great way to do it.
0:09.4	But you're tired of all the so-called gurus who are all talk and no substance.
0:15.3	Get ready to celebrate because Kevin Buck has spent 14 years successfully making it happen. This is the Real Estate
0:22.8	Investing for Cash Flow podcast. Now, here's Kevin Bup. Hey guys, Kevin Bup here with episode
0:32.1	number 127 of the Real Estate Investing for Cash Flow podcast. Our mission is to help you build
0:37.4	and maintain
0:38.2	massive amounts of cash flow through income producing real estate investments. In today's show,
0:43.2	we're going to be speaking with Dave Foster, who is a regional development director for
0:46.7	Colorado-based Exchange Resource Group. They're a qualified intermediary specializing in the
0:51.5	1031 tax-deferred exchange. If you're a real estate investor who
0:55.2	hasn't yet discovered the power behind the 1031 exchange, then I'm positive that you're going to be
0:59.4	blown away by all the information that Dave has to share with us today. Plain and simple,
1:04.1	what would you say if I told you there was a way to essentially defer all of your capital gains
1:08.1	taxes indefinitely? Would you want to know how? Well, that's what
1:12.0	we're going to cover in today's show. You see, the 1031 tax exchange code is utilized by the most
1:16.8	successful real estate investors and is a strategy that you need to have in your investor toolbelt.
1:21.7	So I'm positive that you're going to find a ton of value in education in our show with Dave today.
1:25.2	And here's what you're going to learn today's show. You're going to learn what a 1031 tax exchange is and how this particular tax code allows us to
1:31.5	defer tax liability after the sale of a property. You're going to learn what a like-kind exchange is.
1:37.3	We're going to go over the basic structure and steps taking to perform a 1031 exchange.
1:41.5	You're going to learn why you can't use a 1031 of your primary residence.
1:45.0	You can learn how to navigate the timing rules of a 1031 exchange and ensure that you don't
	...

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