Ep #127: The Power of a 1031 Exchange and How to Take Advantage of This Powerful Tax Code in Your Own REI Business– with Dave Foster



In todays show, we’ll be speaking with Dave Foster, who is the regional development director for Colorado based exchange resource group, a qualified intermediary specializing in 1031 tax deferred exchanges.

If you are a Real Estate investor who hasn’t yet discovered the power behind, then I’m positive that you’ll be blown away by the information that Dave shares with us today. Plain and simple; what would you say if there was a way to essentially defer all of your capital gains taxes indefinitely?  Would you want to know how? Well, that’s what we’ll cover in todays show. The 1031 exchange is a tax code utilized by the most successful real estate investors and is one you need to your Real Estate Investing arsenal.

I’m positive that you’ll find a ton of value and education in our show with Dave.

Here’s What You’ll Learn:

  • What a 1031 Tax Exchange is and how this particular tax code allows us to defer tax liability after a sale of a property.
  • What a “like-kind” exchange is.
  • The basic structure and steps taken to perform a 1031 exchange
  • Why you can’t use a 1031 on your primary residence.
  • How to navigate the timing rules of a 1031 exchange and ensure you don’t miss the deadlines to identify your “like-kind” exchange.
  • The biggest mistakes made by new investors when trying to perform a 1031
  • The 4 types of exchanges and the ideal situation for each one
  • Why you’d be foolish not to roll your property into a 1031 exchange
  • And much, much more….

Our Guest

Recommended Resources

  • Download my free success guide, “7 habits of highly successful multi-family investors” by going to KevinBupp.com/guide
  • Schedule your free 30 minute “no obligation” call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
  • Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/KT36S
  • Grab a free copy of my latest book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them MobileHomeParkAcademy.com

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