69. Getting Started with 1031 Exchanges with Dave Foster
Explicit content warning
03/29/23 • 40 min
We’re saving you hours of reading Case law as we chat with Dave Foster about the ins and outs of 1031 exchanges. Don’t let taxes limit your success as a real estate investor, and utilize this tax-reduction strategy to keep your dollars working for you. More on this when you tune in!
WHAT TO LISTEN FOR
The 1031 exchange: What it is, its origin, and its rules for eligibility
4 D's of a 1031 exchange
How to convert your property from tax-deferred to tax-free
Why the Tax Code was written complexly
What happens to depreciation under a 1031 exchange
ABOUT DAVE FOSTER
Dave Foster, a Qualified Intermediary investment professional, understands that real estate is an investment in your future. As a multi-industry visionary, he has over 20 years of experience working in all phases of real estate investing. From commercial to residential, he brings his clients a fresh perspective and clear vision for strategic development. As an investor, he views each investment as a unique opportunity to maximize returns. A degreed accountant with a Master's in Management, Dave built his reputation on being a driven, results-oriented QI who works relentlessly to optimize value for the real estate investors he works with. He is inspired by a genuine desire to help investors excel, and he continuously strives to create win-win situations.
CONNECT WITH DAVE
Website: The 1031 Investor https://www.the1031investor.com/
YouTube: The 1031 Investor https://www.youtube.com/c/The1031Investor
CONNECT WITH US
To learn more about investment opportunities, join the Cityside Capital Investor Club. https://citysidecap.com/
Follow us on Facebook: Cityside Capital https://web.facebook.com/Citysidecap/
Follow us on Instagram: https://www.instagram.com/citysidecapital_tim_lyons/
Connect with us on LinkedIn: https://www.linkedin.com/in/tim-lyons-cityside-capital/
Connect with us via Email: [email protected] | [email protected]
Tim Lyons, Greg Lyons and Paul Dircks are Registered Representatives of Finalis Securities LLC, member FINRA/SIPC. This material has been prepared for information and educational purposes only, and it is not intended to provide, nor should it be relied on for tax, legal, or investment advice. Investors should consult with their own tax, legal, and financial professionals before investing. Podcasts reflect the opinions of only the authors who are Registered Representatives of Finalis and do not reflect the views of Finalis, Inc. or any of its subsidiaries or affiliates. Real estate investments are generally highly risky. They can be volatile, unpredictable, illiquid, and are subject to ebbs and flows and market shifts. Investors also risk the loss of all principal investments. Any third-party information provided therein does not reflect the views of Finalis or any of their subsidiaries or affiliates.
We’re saving you hours of reading Case law as we chat with Dave Foster about the ins and outs of 1031 exchanges. Don’t let taxes limit your success as a real estate investor, and utilize this tax-reduction strategy to keep your dollars working for you. More on this when you tune in!
WHAT TO LISTEN FOR
The 1031 exchange: What it is, its origin, and its rules for eligibility
4 D's of a 1031 exchange
How to convert your property from tax-deferred to tax-free
Why the Tax Code was written complexly
What happens to depreciation under a 1031 exchange
ABOUT DAVE FOSTER
Dave Foster, a Qualified Intermediary investment professional, understands that real estate is an investment in your future. As a multi-industry visionary, he has over 20 years of experience working in all phases of real estate investing. From commercial to residential, he brings his clients a fresh perspective and clear vision for strategic development. As an investor, he views each investment as a unique opportunity to maximize returns. A degreed accountant with a Master's in Management, Dave built his reputation on being a driven, results-oriented QI who works relentlessly to optimize value for the real estate investors he works with. He is inspired by a genuine desire to help investors excel, and he continuously strives to create win-win situations.
CONNECT WITH DAVE
Website: The 1031 Investor https://www.the1031investor.com/
YouTube: The 1031 Investor https://www.youtube.com/c/The1031Investor
CONNECT WITH US
To learn more about investment opportunities, join the Cityside Capital Investor Club. https://citysidecap.com/
Follow us on Facebook: Cityside Capital https://web.facebook.com/Citysidecap/
Follow us on Instagram: https://www.instagram.com/citysidecapital_tim_lyons/
Connect with us on LinkedIn: https://www.linkedin.com/in/tim-lyons-cityside-capital/
Connect with us via Email: [email protected] | [email protected]
Tim Lyons, Greg Lyons and Paul Dircks are Registered Representatives of Finalis Securities LLC, member FINRA/SIPC. This material has been prepared for information and educational purposes only, and it is not intended to provide, nor should it be relied on for tax, legal, or investment advice. Investors should consult with their own tax, legal, and financial professionals before investing. Podcasts reflect the opinions of only the authors who are Registered Representatives of Finalis and do not reflect the views of Finalis, Inc. or any of its subsidiaries or affiliates. Real estate investments are generally highly risky. They can be volatile, unpredictable, illiquid, and are subject to ebbs and flows and market shifts. Investors also risk the loss of all principal investments. Any third-party information provided therein does not reflect the views of Finalis or any of their subsidiaries or affiliates.
Previous Episode
68. Tax Code Hacks to Offset Your Income with Amanda Han, CPA
Harness the benefits of passive real estate investing in this week’s episode with Amanda Han, CPA, as she details powerful tax strategies and a real estate perspective from a taxation standpoint. Dial in to be proactive with your taxes, start earning more, and reduce your taxable income legally today!
WHAT TO LISTEN FOR
The rewarding side of real estate from a CPA’s perspective
Depreciation: What it is and how to use it to offset your real estate income
How to choose the right CPA for your real estate business
Important things new real investors should understand about taxes
What is the ideal asset class for passive investing?
RESOURCES/LINKS MENTIONED
The Book on Advanced Tax Strategies by Amanda Han and Matthew MacFarland https://amzn.to/405VwdW
Rich Dad Poor Dad by Robert T. Kiyosaki https://amzn.to/3ZYqrsT
Cashflow Quadrant by Robert T. Kiyosaki https://amzn.to/3LFsEFk
The Book on Tax Strategies by Amanda Han and Matthew MacFarland https://amzn.to/3TwS9KC
BiggerPockets https://www.biggerpockets.com/
Access Keystone CPA’s FREE Tax Savings Toolkit and discover ways to save your taxes by clicking on this link: https://www.keystonecpa.com/eBook-Download
ABOUT AMANDA HAN, CPA
Amanda is a CPA and tax strategist specializing in helping people use real estate to save massive amounts in taxes and keep their hard-earned money. She helps educate investors on how to maximize tax write-offs, legal entity strategies, tax-efficient ways to access profit, how to use 401K money for real estate, and much more. She is the author of the highly rated book “Tax Strategies for the Savvy Real Estate Investor” and has been featured in prominent publications, including the Forbes Finance Council, Money Magazine, Talks at Google, CNBC’s Smart Money Talk Radio as well as the BiggerPockets podcasts. Today, Amanda has helped thousands of investors nationwide to save on taxes with proactive tax planning.
CONNECT WITH AMANDA
Website: Keystone CPA https://www.keystonecpa.com/
Instagram: https://www.instagram.com/amanda_han_cpa/
LinkedIn: https://www.linkedin.com/in/amandayhan/
CONNECT WITH US
To learn more about investment opportunities, join the Cityside Capital Investor Club.
Follow us on Facebook: Cityside Capital
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Tim Lyons, Greg Lyons and Paul Dircks are Registered Representatives of Finalis Securities LLC, member FINRA/SIPC. This material has been prepared for information and educational purposes only, and it is not intended to provide, nor should it be relied on for tax, legal, or investment advice. Investors should consult with their own tax, legal, and financial professionals before investing. Podcasts reflect the opinions of only the authors who are Registered Representatives of Finalis and do not reflect the views of Finalis, Inc. or any of its subsidiaries or affiliates. Real estate investments are generally highly risky. They can be volatile, unpredictable, illiquid, and are subject to ebbs and flows and market shifts. Investors also risk the loss of all principal investments. Any third-party information provided therein does not reflect the views of Finalis or any of their subsidiaries or affiliates.
Next Episode
70. The Framework For A Lucrative Self-Storage Investment with Jacob Vanderslice
Get hold of Jacob Vanderslice’s real estate investing tips and scaling techniques when you tune in to today’s episode as we discuss self-storage properties. Learn what this niche is all about and its marketability to diversify your portfolio with a recession-resilient asset!
WHAT TO LISTEN FOR
Self-storage properties and their resistance to recession
Ways to add value to a self-storage property
Metrics you can use to evaluate an ideal self-storage location
The right investing mindset to adopt during economic downturns
Powerful business tips to help you succeed in the real estate space
ABOUT JACOB VANDERSLICE
Jacob is a co-founder of VanWest Partners and has been investing in real estate since 2005. He leads the Investor Relations team and the launch of private Funds to raise capital for self-storage acquisitions. On behalf of VanWest, Jacob has deployed over $250 million in capital for value-add self-storage investments throughout the United States. Additionally, Jacob acquired 1,000+ residential properties on behalf of a national, private investment firm. Prior to founding VanWest, Jacob was a professional firefighter and arson investigator in the state of Colorado. Jacob enjoys flying airplanes, skiing, hiking, and spending time with his wife and two young sons.
CONNECT WITH JACOB
Website: VanWest Partners https://www.vanwestpartners.com/
LinkedIn: Jacob Vanderslice https://www.linkedin.com/in/jacob-vanderslice-02905b16b/
Email: [email protected]
CONNECT WITH US
To learn more about investment opportunities, join the Cityside Capital Investor Club.
Follow us on Facebook: Cityside Capital
Follow us on Instagram: @citysidecapital_tim_lyons
Connect with us on LinkedIn: Tim Lyons
Connect with us via Email: [email protected] | [email protected]
Tim Lyons, Greg Lyons and Paul Dircks are Registered Representatives of Finalis Securities LLC, member FINRA/SIPC. This material has been prepared for information and educational purposes only, and it is not intended to provide, nor should it be relied on for tax, legal, or investment advice. Investors should consult with their own tax, legal, and financial professionals before investing. Podcasts reflect the opinions of only the authors who are Registered Representatives of Finalis and do not reflect the views of Finalis, Inc. or any of its subsidiaries or affiliates. Real estate investments are generally highly risky. They can be volatile, unpredictable, illiquid, and are subject to ebbs and flows and market shifts. Investors also risk the loss of all principal investments. Any third-party information provided therein does not reflect the views of Finalis or any of their subsidiaries or affiliates.
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