WBP - Pros & Cons of 1031 Exchange with Dave Foster

Pros & Cons of 1031 Exchange with Dave Foster      Dave Foster, Founder and CEO of The 1031 Investor.  Dave is a degreed accountant and serial real estate investor who is a qualified intermediary and consultant for tax saving strategies such as the 1031 exchange and the section 121 homestead exemption. Dave started fix and flipping in the 90s and realized that about 40% of his profits were going directly to the IRS. Dave tells us about the updated rules and regulations around using the1031 exchange to legally compound your tax interest that will stay with you instead of going straight to the government. Dave breaks down exactly how to use the 1031 exchange in layman’s terms. He explains to us how he moved his way from Denver, CO to Tampa, FL over 10 years using the section 121 homestead exemption, so that he and his family could move onto a boat (which was a huge dream of his). Tune in to listen to how Dave raised 4 boys on his boat while investing in properties with the 1031 exchange.    He speaks with us about Uncle Sam, Section 121 and boat life.   the1031investor.com   The Rundown Florida Weather The Juice Serial RE Investing Deal Junkies Real Estate Investing What’s New 1031 Corporate Train Uncle Sams Cut Attorneys Learn As You Go Forced Savings Long Game IRS Time Constraints BRRR Capital Expense Qualified Intermediary Risk Losing The Bid Associated Costs Section 121 Granite Countertops Habits For Success 2020-2021 Hurrications Book Recommendations Appreciation Check out our Upcoming Live Events!   Subscribe to our Youtube Channel for lots of great content!   Buy our new book The Honey Bee! Audio Book Available Now! We're here to help create real estate entrepreneurs...  About Jake & Gino: Jake & Gino are multifamily investors, operators, and owners who have created a vertically integrated real estate company. They control over $350M in assets under management. Connect with Jake & Gino here --> https://jakeandgino.com. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.