Real Estate Investors Mastering 1031 Exchange Strategies for Success
Real Estate Investors: Mastering 1031 Exchange Strategies for Success
On this episode of the Investor Financing Podcast, Beau interviews Dave Foster, a 1031 Exchange Expert. Beau and Dave discussed the strategic ways to start taking advantage of the 1031 exchange.
Timestamps
[01:20] The 1031 exchange exists specifically for the sale of investment property and the purchase of investment property
[01:32] What is a like-kind exchange?
[02:02] Defining qualified use
[03:55] The purchase and the sale are on two different tax returns
[04:42] Things to consider to demonstrate your intent
[04:55] Don’t forget that the IRS could use anything against you
[05:53] Do the 1031 exchange by using the mirror test
[08:31] Advice to somebody that’s looking for an exchange company to work with?
[08:55] You are qualified as an intermediary if you are not disqualified
[09:05] What disqualifies you?
[09:44] People jump into business when the market is booming
[12:04] Segregated dual signatory account
[16:44] When the syndication sells, depreciation is not a free thing – must be recaptured and pay it
[17:40] Separate 1031 eligible activities from your other investment activities
[18:03] Keep deferring the tax by doing 1031 exchanges
[19:01] Using mixed-use properties
[19:56] It’s advantageous if the real estate happens to be worth a lot more than the business value
[22:27] Cool thing about the 1031 concept and the strategy behind it
[23:02] What are the 4D’s of 1031 investing?
[24:00] Why do you have a 401K?
[25:10] Use the 1031 exchange to go into different sectors
[26:06] 1031 is an awesome opportunity to continue to shape your portfolio
[26:23] You can use 1031 exchange to go from active to passive management
[29:28] How to calculate prorated amounts
[30:56] Look at the strategic moves you can make
[32:33] The value of 1031 is in helping you to where you want to go
[33:00] The best time to get your Qualified Intermediary (QI) involved is as soon as you have a contract for sale
[34:51] What is a reverse exchange? Why do you need to use it?
[35:27] In order to buy a new property you’ve got to have to process the money
[35:50] Can the borrower or the person that is going to do the reverse 1031 exchange legally sign for the entity?
[36:56] You could buy another property or you could do a reverse improvement exchange
[37:56] Do a value-add project tax-free
[39:03] Is there any value in doing a deferred sales trust
[40:35] How did Dave start in the real estate industry?
[44:56] Do a few things right early on in your journey –the process of learning
[45:24] The key to being strategic
[47:54] Start to know what you do not know
[50:54] 20 years of culmination and strategies of how Dave has been through real estate investing
[52:00] Go to www.the1031investor.com to find out more about Dave
If you'd like to ask me a question about real estate, do it here -- https://investorfinancingpodcast.com/ask
Are you a real estate investor or business owner looking to expand? Book a discovery call with Beau to learn all the ways he can help you - https://investorfinancingpodcast.com/rumble
💥 Thanks for watching 💥
#1031 #1031Exchange #1031exchangestrategies
About Beau: Beau Eckstein is a real estate entrepreneur, TV personality, and commercial mortgage advisor, specializing in construction financing and multi-family lending.
🎥 The video interviews we do on IFP will help you scale your real estate business and learn how to finance all your projects.
About the Channel: Want to structure your investments in the right and secure way?
Learn great insights and make the right decisions through the Investor Financing Podcast hosted by Beau Eckstein.
-
10:51
Investor Financing Podcast
5 days agoOverview of USDA B&I and SBA Government Guarantee Loan Programs
15 -
0:30
Power Slap
3 hours agoIntroducing Dumpling - Russian Farmer Turned Pro Slapper | Power Slap 8
1.24K1 -
LIVE
The Dan Bongino Show
2 hours agoLIVE: The Dan Bongino Radio Show - 06/19/24
25,096 watching -
1:36:02
Mostly Sports With Mark Titus and Brandon Walker
17 hours agoMostly Sports With Mark Titus and Brandon Walker Presented by Jägermeister | EP 192 | 6.19.24
8.99K7 -
LIVE
The Charlie Kirk Show
2 hours agoLow-Propensity Summer + The Plan to Free Bannon + NBA to the Senate | Ruddy, Rep. Burlison, White
7,395 watching -
59:12
The Dan Bongino Show
4 hours agoIs This Who They’re Lining Up To Replace Biden? (Ep. 2774) - 06/19/2024
280K1K -
2:02:57
Steven Crowder
4 hours agoEXCLUSIVE: Murderer Groomed High School Girl into Sex in Jail; Massive Cover-Up
174K329 -
2:00:15
LFA TV
7 hours agoNEW ILLEGAL POLICE FORCE! | LIVE FROM AMERICA 6.19.24 11am EST
30.4K25 -
LIVE
Midnight's Edge
4 hours agoThe Acolyte does pronouns, but YouTubers to blame for Star Wars collapse? | MEiTM #576
138 watching -
1:00:23
The Rubin Report
3 hours agoDouglas Murray Uses Left's ‘Principles’ to Rip Them to Shreds
22.5K40