JF3271: Dave Foster — The Ultimate Guide to the 1031 Exchange: Creating a Lifetime of Tax-Free Wealth
The Best Ever CRE Show
Best Ever CRE
4.8 • 983 Ratings
🗓️ 19 August 2023
⏱️ 43 minutes
🧾️ Download transcript
Summary
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:
- 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.
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Transcript
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| 1:05.0 | Quick disclaimer, the views and opinions expressed in this podcast are provided for informational purposes only and should not be construed as an offer to buy or sell any securities or to make or consider any investment or course of action. |
| 1:18.0 | For more information go to best ever show.com. |
| 1:22.0 | You can do a different form of what's called a entity transfer. |
| 1:25.0 | If it's a disregarded entity, a single asset, only as one piece of property, |
| 1:30.0 | only as one member, you can actually, instead of selling the real estate out from inside that LLC, |
| 1:36.1 | sell the LLC itself and you avoid the reassessment for new taxes and all events. |
| 1:41.3 | Welcome to the best ever show, the world's longest running daily commercial real estate |
| 1:46.0 | podcast. |
| 1:47.0 | Our hosts interview commercial real estate experts every day to get you the best advice ever |
| 1:52.4 | with none of the fluffy stuff. |
| 1:54.0 | Hello best ever listeners welcome to the best real estate investing advice ever show. |
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