SV36: Advanced 1031 Exchange Techniques w/ Dave Foster

Episode 36 February 16, 2021 00:40:14
SV36: Advanced 1031 Exchange Techniques w/ Dave Foster
Skyline Views
SV36: Advanced 1031 Exchange Techniques w/ Dave Foster
/

Show Notes

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

 

Subscribe on Spotify, Apple, Google, Stitcher, iHeart.  

Episode Transcript

No transcript available...

Other Episodes

Episode 31

January 11, 2021 00:25:21

SV31: Washington State and Mobile Home Parks w/ Gabe Petersen

Our guest today is real estate entrepreneur Gabe Petersen. Gabe is host of the podcast and YouTube show, the Real Estate Investing Club. In this episode, we talk about how he got into real estate, and more importantly, why he chose the niche he did. If you have ever wondered about investing in mobile home parks and why investors choose this asset class, look no further. You’ll get a lot out of this episode, and Gabe’s website has a lot of good resources should you continue to be interested and want to learn more.   Additionally, Gabe shares his experience investing in Washington State. The upper Northwest has economic dynamics unique unto itself. Gabe and I touch on those dynamics, examine where Washington is on the bell curve, and discuss what Gabe is doing about it.   Key Points: Gabe explains his start in real estate and motivation for getting out of the rat race (0:51) Business ventures leading up to real estate (3:15) Honing acquisition and marketing systems (8:10) The foray into RV and mobile home parks (11:17) Why would an investor consider investing in mobile home parks (14:16) The headaches related to mobile home park investing (16:28) Washington state investing (18:15) Employment and job growth in Washington state (19:25) Landlord tenant laws in Washington (20:04) The importance of tenant screening (21:00) What’s next for Gabe Petersen? (21:40)   Resources: The Real Estate Investing Club - https://www.therealestateinvestingclub.com/   The Real Estate Investing Club on Apple - https://podcasts.apple.com/us/podcast/the-real-estate-investing-club/id1515039960   The Real Estate Investing Club on YouTube - https://bit.ly/theREIshow   Podio - https://podio.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 ...

Listen

Episode 23

October 12, 2020 00:38:32

SV23: Upstate NY and Long-Distance Investing w/ Cindy Byler

Cindy Byler is a military Army spouse of 7 years to her high school sweetheart, Jonas. After their first change of duty station, she found herself needing to put her career as a music teacher on hold to move three times in three years. During that season of not working, she grew bitter toward the lifestyle- she had much value to add but felt unable. Through much reflection and improvements in personal finances, Cindy realized the best “job security” for their military lifestyle was through passive income- ultimately utilizing real estate to achieve passive income.   As a buy and hold real estate investor, Cindy primarily invests in her hometown-area in Elmira, NY. She has been a landlord for 5 years. In the past 1.5 years, she has acquired a total of 4 properties and 11 doors. Every unit has gone through, or is going through, extensive remodeling. To make things more interesting, she currently lives in Central Texas where her husband is stationed at Fort Hood so all acquisitions, remodeling, and rentals are managed from over 1600 miles away. Cindy also resigned from her job as a music teacher to stay home with her young children and focus on the business that has already replaced her income in so little time.   Cindy provides a lot of value in this episode, bringing a lot of key data on Upstate NY markets, and shares her experience and strategies on long-distance investing.   Key Points: Corning, NY (1:12) Elmira, NY market demographics (3:08) How to choose a market as a long-distance investor (4:37) The 1% Rule, and how it stacks up in NY (10:19) Lessons learned from different ways to pay contractors (12:22) Ages of homes in Upstate NY and why ...

Listen

Episode 10

June 08, 2020 00:33:00

SV10: Estate Planning for Real Estate Investors w/ Gary Altman

In this episode, Gary Altman Esq. covers the basics of good estate planning, as well as the nuances specific to real estate investors. ...

Listen