Savvy investors use 1031 Exchanges on a regular basis as a part of their overall investment strategy. A bit more complex are techniques like Construction Exchanges and Reverse Exchanges. The way these advanced 1031 Exchange techniques can play in and be taken advantage of will definitely take your investing game to another level. Today’s guest shares invaluable insights into these Exchanges, their history, and the role they play in your investment tool belt. Knowing how and when to employ the advanced 1031 Exchange techniques we discuss in this episode is key, and Dave Foster returns to Skyline Views to explain all that to you.
My guest Dave Foster is a degreed accountant, Qualified Intermediary, and serial real estate investor. He has decades of experience helping investors like you maximize their returns through tax saving strategies. If you read Legacy 101 and are implementing your Century Plan, those strategies will be key to your success.
Key Points:
Dave explains his background and interest in real estate (0:45)
The history of the 1031 Exchange (2:00)
The origin of the timeline of the 1031 Exchange (4:52)
A reverse exchange, how it came about and how it works (7:44)
What issues come up in the Construction 1031 Exchange as a result of hang ups in the construction process? (16:49)
Construction management agreements in the Construction Exchange (19:55)
Safe Harbor for 1031 Exchanges (20:50)
A reliable backup in case your construction process falls short (23:03)
Dave explains what he’s seeing in the market (25:20)
Retirement strategies involving 1031 Exchanges (27:28)
Dave’s thoughts on 2021 (32:05)
Factoring in the cost of money (35:30)
Resources:
The 1031 Investor Educational Resources - https://www.the1031investor.com/
Whatever Happened to Penny Candy? – https://www.amazon.com/Whatever-Happened-Explanation-Economics-Investments-dp-0942617649/dp/0942617649/
What’s a DST? – http://whatsadst.com/
Is your real estate portfolio running like a well-oiled machine? Do you know how you stack up? Find helpful resources here – http://mrcdmills.com/resources/
Learn more about The Haney Company here – https://www.thehaneycompany.com/
Know any new parents? Order them a copy of Legacy 101 here – https://www.amazon.com/Legacy-101-Practical-Christopher-Mills/dp/0692684050
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