Welcome to another episode of Passive Real Estate Investing. I'm your host Marco Santarelli. We have a great, great episode for you today. What is one of the fastest ways to grow your wealth with real estate? Or even as a small business owner? The answer is it's the tax deferred 1031 exchange. If you know what I'm talking about, then you know what I'm talking about. And if you don't know what that means, stay tuned. This episode is going to answer some great questions and we've got some golden nuggets of information throughout this episode, and then a great strategy that you should be thinking about or employing today or this year. If you are thinking about doing a 1031 exchange or planning to do a 1031 exchange, the challenge you're going to have in today's market environment may make it difficult for you. But I think we have the solution.

It's one of the strategies that we talk about later in the episode. So stay tuned for that basically listened to the entire episode. I think there's just a lot of good information in today's interview with my guest, Dave Foster. So if you need help, there are a lot of people out there who can help you with a 1031 exchange. Some people are more seasoned and better than others. What I do like about my guest today, Dave, is that he is an investor himself and has been using the 1031 to create and grow his wealth for about 22 years. And I thought this episode was timely. Given what is being proposed in Congress about changes to the tax code. There's always, you know, the initiative to tax the rich tax, the wealthy, increased taxes on those that make more money. But what people don't realize is that the tax code is really just an incentive code.

It's really the government's way of telling people what to do because the government can't do that thing very well. And then the rental housing is an example of that. That's why there are tax incentives for real estate investors. It's because the government doesn't want to create government housing. It's been tried many times and we all know how that pans out. So really the tax code is an incentive for business owners and investors and people in general in telling us what we should be doing with our money, where it would be put to work in our favor to provide the greatest returns for us and get the best in terms of tax deferrals and tax savings. So the 1031 is just one of those. And that is something that we're going to focus on here today. The question is, is will the binding, the administration make changes to the tax code, especially with 1031 exchange.

It's in the news every single day right now, and it's being kicked around like a football. So anyway, with that, let us get to our interview today. And, uh, I hope you enjoy this episode. Let me know, by leaving a rating and review on iTunes or Stitcher or Google podcast or wherever you listen to this, but iTunes would be the best. And I really appreciate that. So thank you in advance. And here we go with our interview today,

 

Download your FREE copy of The Ultimate Guide to Passive Real Estate Investing.

If you missed our last episode, be sure to listen to Rapid Fire Listener Questions

Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW   (Thank you!)

SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed



It's my pleasure to welcome back a returning guest. Dave Foster, Dave is a degree accountant and a serial real estate investor. And Dave is also a qualified intermediary and a consultant who shares his tax-saving strategies with investors to take advantage of using the tax-deferred exchange to grow their wealth faster. Something we talk about on the show on and off, but quite often, and Dave has been using the 1031 exchange as a cornerstone of his own personal real estate investing for over 20 years now.