How To Use Equity To Snowball Your Wealth And Cash Flow | PREI 222

Passive Real Estate Investing

Real Estate Investing with Marco Santarelli, Investor and Entrepreneur.

Business:investing, Education, How To, Investing, Business, Entrepreneurship

4.6 • 968 Ratings

🗓️ 24 March 2020

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Do you want to know how to grow your wealth and grow it faster? If so, then this very special episode is for you. Host, Marco Santarelli, and his guest, Dave Foster, share with you an incredible tool out there: the 1031 Exchange. Unknown by many, the IRS allows you to defer your taxes and grow your wealth faster through it. Having been using 1031 Exchanges as the cornerstone of his own personal real estate portfolio, Dave takes you into a deeper look at using a tax-deferred exchange that you can use to invest your money forward in more properties. Through this, you'll discover your equity snowballing your wealth and cash flow. Take advantage of this information now. Know more details from this conversation with Marco and Dave. Download your FREE copy of The Ultimate Guide to Passive Real Estate Investing: https://www.NoradaRealEstate.com/FreeGuide/?utm_source=Episode_Summary IF YOU LIKE THIS PODCAST we would love if you would go to iTunes and Subscribe, Rate & Review our podcast. This will greatly help share our podcast with others wanting to learn. Thank you! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to passive real estate investing, the show where busy people like you learn how to build
0:05.7	substantial passive income while creating wealth for the long term.
0:09.8	And now here's your host Marco Santorelli's.
0:15.0	Welcome to Passive Real Estate Investing.
0:17.0	I'm your host, Marco Santorelli, and today we've got a very special episode.
0:21.0	Why?
0:22.0	Because if you're interested in growing your wealth and
0:23.5	growing it faster the question is how do you do it well there's an incredible
0:27.4	tool out there that many people don't even know about but the IRS actually
0:31.6	allows you to defer your taxes and grow your wealth faster.
0:37.8	It's called a 1031 exchange and the whole point of a 1031 exchange is really to move your
0:42.4	investment money forward to invest. of a So with me today is a special guest. His name is Dave Foster. And Dave has been using 1031 exchanges as the cornerstone of his own personal real estate portfolio for the last 20 plus years.
1:01.7	So he decided to get into real estate investing right after his first son was born and today he specializes in helping others take advantage of using a tax-deferred exchange to grow their wealth faster.
1:14.2	So with that, Dave, welcome to the show.
1:17.0	Thanks, Marco, it's great to be here today.
1:19.1	Well, I'm glad to have you on, because this is something
1:22.0	that a lot of people don't understand because they see the
1:24.2	label 1031 exchange and they're wondering, oh, what is that?
1:27.4	I mean, a lot of people are just clueless to even what that means.
1:31.3	Boring.
1:32.3	It's totally boring. It's an IRS tax code, right?
1:35.0	It's just section 1031 of the tax code.
	...

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