Rental Property Owner & Real Estate Investor Podcast

As real estate values increase, so too does the idea of selling your investment property and taking your profits off the table.  One of the major considerations in doing so however, are the tax consequences.  Many investors choose not to sell because they simply don’t want to pay taxes on their long-term gains. There is a way, however, to take those gains and not pay taxes on them by transitioning those profits into a different investment property. I’m talking about the 1031 exchange, and it’s a tool that you can use to delay paying those taxes. Dave Foster is a 1031 Exchange Expert, and he’s here today to help us understand how it works.  Dave is the Founder & CEO of the 1031 Exchange Investor, and he’s also a degreed accountant and serial real estate investor, as well as a qualified intermediary and consultant.  Today he’s going to share his tax saving strategies in order to help you maximize your real estate investment returns. We’ll be discussing the timeline you must follow when doing a 1031 exchange