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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

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Synopsis

  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 s