#193 - 1031 Tax Savings Strategies You Probably Don't Know About - Dave Foster

The 1031 exchange can be a massively beneficial tool for real estate investors to have in their arsenal. It allows an investor the opportunity to defer taxes on the sale of a home, maximizing profit. To dive deeper into leveraging this opportunity, we are joined by 1031 exchange expert, Dave Foster. He is a real estate investor, accountant, tax strategist, executive director of The 1031 Investor platform, and the author of Lifetime Tax-Free Wealth: The Real Estate Investor’s Guide to the 1031 Exchange.  Dave defines himself as a poster child of Living Off Rentals and is eager to share his knowledge and methods for success in investing. Tune in, take notes, and profit.  Key Takeaways [00:00] Dave Foster and his background [09:44] Dave’s investments and 1031 exchanges  [18:10] 1031 exchange strategies [24:05] More on 1031 exchanges–properties, tax deference, and recommended amount  [28:37] 1031 exchange and passive investing  [31:42] Dave’s book on 1031 exchanges [33:06] Connect with Dave   Guest Links Website – the1031investor.com Show Links Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals Living Off Rentals Website – livingoffrentals.com Living Off Rentals Instagram – instagram.com/livingoffrentals Living Off Rentals TikTok – tiktok.com/@livingoffrentals