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EP 142: The Ultimate Guide to 1031 Exchanges with Dave Foster
Manage episode 422894137 series 2998280
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Are you ready to unlock the secrets to tax-free wealth through real estate investing?
Join us as we welcome back the legendary Dave Foster, a seasoned 1031 exchange expert and author of the new book, "Lifetime Tax-Free Wealth: The Real Estate Investor’s Guide to the 1031 Exchange.”
Building on his previous insights, Dave delves deeper into the essentials of 1031 exchanges, strategies for both new and seasoned investors, and how to effectively defer capital gains taxes. They discuss the "defer, defer, die" strategy, utilizing 121 Homestead Exemption with 1031 exchanges, and preparing for retirement through smart investment planning. Whether you're a flipper, a buy-and-hold investor, or nearing retirement, this episode is packed with invaluable insights to help you build and preserve your wealth.
Key Takeaways:
2:00 Guest Introduction: Dave Foster, 1031 exchange expert and author, joins the show.
4:03 What is a 1031 Exchange? Dave explains the basics and benefits of 1031 exchanges.
6:52 Deferred, Defer, Die Strategy: How to use 1031 exchanges to eliminate taxes for heirs.
14:35 Flipper Strategy: Adjusting fix-and-flip models to benefit from 1031 exchanges.
16:13 Book Overview: Insights into Dave's new book and its educational focus.
19:13 Getting Started: Where to begin learning about 1031 exchanges and planning for your next move.
21:22 Lessons Learned: Dave shares his biggest lessons and advice for real estate investors.
22:47 Where to Find the Book: Information on purchasing the book and accessing more resources.
Don't miss this opportunity to revolutionize your real estate investment strategy. Grab your copy of "Lifetime Tax-Free Wealth" today and start building your tax-free wealth legacy!
Connect with Dave:
Website: the1031investor.com
Dave’s LinkedIn: https://www.linkedin.com/in/davefoster1031/
Connect with Corwyn@:
Contact Number: 843-619-3005
Instagram: https://www.instagram.com/exitstrategiesradioshow/
Youtube: https://www.youtube.com/channel/UCxoSuynJd5c4qQ_eDXLJaZA
Linkedin: https://www.linkedin.com/in/cmelette/
Shoutout to our Sponsor: EXIT Realty Lowcountry Group
Do you want something more? More Meaningful Moments opportunities, deeper relationships and memorable experiences? Do you want to make a difference? If you say YES, a career and real estate could be the opportunity you're looking for guiding people to one of the most important decisions they ever made, the purchase or sale of their home can be both rewarding and lucrative.
EXIT Realty has a revolutionary compensation model training and technology that provides you with the tools you need to start and build your successful real estate career. Call EXIT Realty Lowcountry group today at 843-619-3005 that is 843-619-3005 or visit https://exitlowcountry.com/joinexit and make your Exit today.
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