Anyone who is interested or is already knee-deep in real estate investment can benefit from being familiar with IRC Section 1031. This allows investors to sell a property and reinvest proceeds to a new property while deferring all capital gain. In this episode, 1031 Exchange Expert, Dave Foster, discusses what 1031 is and how to use it. Dave’s years of experience in real estate investment taught him tips in minimizing tax consequences, which allowed him to help other investors keep all their equity working for them and legally avoid paying taxes and other tax strategies. Dave gives a rundown of the six requirements that qualify a property for a 1031 exchange and how to understand the rules and regulations for it to be successful.
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