Welcome to the ‘Dad Who Knows Nothing’ podcast! Join Dana Hilts and his guest, Dave Foster, as they talk about The 1031 Exchange – A Little Known Tool in the Real Estate Investment Toolbox. He shares the most recent guidelines for utilizing the tax code mechanism to reinvest profits so that it stays with you and grows your portfolio without paying a penny in taxes. Additionally, Dave explains how to use a 1031 exchange to make the most of the tax code and accelerate your path to financial freedom with real estate.
Here’s a breakdown of what to expect in this episode:
- What is the 1031 exchange?
- Looking for areas where there’s net growth and migration.
- Some of the most significant tax benefits of real estate
- What is a TIP 31 exchange?
- Nobody ever went broke, paying a tax on profit.
- And so much more!
Dave Foster is a 1031 Exchange Expert, Qualified Intermediary for Real Estate Closings, Real Estate Investor, and Tax Strategist. He has been using 1031 Exchanges as a cornerstone of his real estate investing for almost 25 years. His team can show you how this real estate financing solution can take things to the next level.
Twenty years of real estate investing and working with other investors has taught him a few things about minimizing tax consequences. Working with realtors, title companies, and individuals, he helped thousands of investors keep all their equity working for them and legally avoid paying taxes with 1031 Exchanges and other tax strategies.
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Podcast Website: http://thedadwhoknowsnothing.com