Welcome back to Real talk, with Realtors! In this podcast, we break down the amazing solutions in the real estate industry today with real estate professionals, and jam on when these programs are applicable and how they benefit the homeowner. Hosted by Dalip Jaggi and presented by Revive, your real estate concierge for maximizing profit.

This is Episode #40 and we’re getting real with Dave Foster, the founder and Executive Director of The 1031 Investor. Listen to the episode on Apple Podcasts, Spotify, Google Podcasts, and your other favorite podcast spots – follow and leave a 5-star review if you think it’s Real talk!

• Episode Summary & Player
• Show Notes
• Real talk, with Realtors Summary

Real talk, with Realtors Episode #40: Dave Foster on benefiting from 1031 exchanges in real estate

Dave Foster is the founder and Executive Director of The 1031 Investor. He’s been using 1031 exchanges as a cornerstone of his personal real estate investing for almost 25 years. Hear how to capitalize on a 1031 exchange, its requirements, common misconceptions, how to protect yourself, and the 4 Ds of 1031 exchanges. This episode covers everything from the IRS to owning a boat. Here’s a small sample of what you will hear in this episode:

• How does Dave advise real estate investors on 1031 exchanges?
• What forms of real estate does this apply to?
• How does a 1031 exchange work with multiple property owners?
• What are the common misconceptions of 1031 exchanges?
• How do you use the 1031 exchange the first time?
• What is defined as profit?
• The 4 Ds of 1031 exchanges
• What’s the bear story?

Connect with Dave at The1031Investor.com.

Check out the episode and show notes below for much more detail.

Show Notes

• Real talk, with Dave Foster

• [0:12] Welcome back to Real talk, with Realtors
• [0:22] Revive Concierge
• [0:26] Podcast
• [0:44] Connect with Dave at The1031Investor.com
• [1:23] How did Dave get into real estate?
• [2:19] Accountant
• [2:39] Taxes
• [2:52] IRS (Internal Revenue Service)
• [3:21] Compound interest
• [4:19] How does Dave advise real estate investors on 1031 exchanges?
• [5:32] What forms of real estate does this apply to?
• [6:57] Cash flow
• [8:08] What are the common misconceptions of 1031 exchanges?
• [11:54] What is defined as profit?
• [14:28] What’s the other misconception on 1031 exchanges?
• [16:07] What’s the bear story?
• [17:12] What are the requirements for 1031 exchanges?
• [19:48] Down payment
• [20:11] Refinance
• [21:02] How does a 1031 exchange work with multiple property owners?
• [23:08] LLC (Limited Liability Company)
• [25:31] How do you use the 1031 exchange the first time?
• [30:00] Connect with Dave at The1031Investor.com
• [30:54] Maximize your real estate profit at iloverevive.com
• [31:57] Make sure to follow Real talk, with Realtors on your favorite podcast spot and leave us a 5-star review on Apple Podcasts
• Theme Song: Groovy Funky Soul by NILLY NELL