Tips and Tricks of the 1031 Exchange with Dave Foster: An EOFire Classic from 2022

Entrepreneurs on Fire

John Lee Dumas

Business, Careers, Entrepreneurship

4.8 • 4.1K Ratings

🗓️ 28 February 2026

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

From the archive: This episode was originally recorded and published in 2022. Our interviews on Entrepreneurs On Fire are meant to be evergreen, and we do our best to confirm that all offers and URL's in these archive episodes are still relevant.

Dave Foster is founder and CEO of The 1031 Investor, an accountant and real estate investor helping clients legally reduce taxes through 1031 exchanges and strategic tax planning.

Top 3 Value Bombs

1. The IRS encourages a 1031 exchange. It's a normal way to invest in real estate.

2. A 1031 lets you move real estate anywhere in the country, of any type or nature.

3. People use a 1031 to sell in high-value areas and invest where cash flow is higher.

Keep all your taxes working for you and get $50 off your first online order - this offer is just for Fire Nation - The 1031 Investor special offer

Transcript

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0:00.0	Who's Reds Rock today, Fire Nation? JLD here and welcome to Entrepreneurs on Fire, brought to you by
0:08.0	high level, the all-on-one sales and marketing platform. On today's classic episode, we'll be
0:12.3	breaking down tips and tricks of the 1031 exchange. And to draw these vibe bombs that are brought
0:16.4	to Dave Foster in the EO Fire Studios. Dave is the founder and CEO of the 1031 investor. Dave tells
0:21.6	us about the updated rules and regulations around using the 1031 exchange to legally compound
0:25.4	your tax interest that will stay with you instead of going straight to the government and
0:28.9	owe so much more. And a big thing for watching today's episode goes to Dave and our sponsors.
0:34.3	Here's something most of us don't think about until it's a problem. Our phone service,
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1:00.8	coaches, and agencies, build funnels, automate follow-ups, manage clients,
1:05.7	and even white label your own software.
1:08.3	Say hello to our featured partner high Level and visit high level.com
1:15.1	to start your free trial today.
1:19.3	Dave, say what's up to Fire Nation and share something that you believe about becoming successful
1:26.3	that most people disagree with.
1:29.6	Hey, hey, hey, fire nation. It is awesome to be here with you, John. You know, when I was thinking
1:35.7	about that question, I think particularly what I've seen throughout my life because I'm now
1:41.5	older than dirt, is that I've had to develop patience.
1:46.0	And I think probably the thing that I see today is that the one thing that will guarantee
	...

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