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1031 into a Syndication? with Dave Foster
已归档的系列专辑 ("不活跃的收取点" status)
When? This feed was archived on July 19, 2024 02:23 (). Last successful fetch was on May 02, 2024 12:25 ()
Why? 不活跃的收取点 status. 我们的伺服器已尝试了一段时间,但仍然无法截取有效的播客收取点
What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.
Manage episode 249227958 series 2514838
Dave Foster from the Exchange Resource Group joins us to talk about the 1031 exchange and answer the question “Can I 1031 Exchange into a syndication?” This question comes up all the time on the online forums, and the answer is made clearer in this interview! Forewarning, it’s a complicated answer. Making this happen isn’t exactly easy, but it is possible!
Quotes:“If you buy a property, fix it and flip it, your intent was to resell. If you buy a property, fix it, put a record in and hold it for a while. Your attempt was to hold for productive use, it now qualifies [for 1031 exchange].”
“The 1031 exchange is named after section 1031 of the IRS code that's been around since 1921, but it was not user friendly until this huge court case was settled in 1997. Now all of a sudden investors could use it to sell real estate, park the money with what's called the Qualified Intermediary.”
“Patience is your ally, whether you're 16 or 65.”
Get in touch:www.erg1031.com
Other Similar Episodes:Passive vs. Active Investing for Financial Freedom with Hunter Thompson
Wealth Strategies of the Ultra Wealthy with Richard Wilson
Guest Bio:Dave Foster is a degreed accountant and a real estate investor with 20 years of experience.
He is a Qualified Intermediary and 1031 Exchange Expert who specializes in finding tax strategies for buy and hold investors.
He leveraged his own real estate investments and lived aboard a sailboat for 10 years with his family and now helps others achieve their real estate goals.
327集单集
已归档的系列专辑 ("不活跃的收取点" status)
When? This feed was archived on July 19, 2024 02:23 (). Last successful fetch was on May 02, 2024 12:25 ()
Why? 不活跃的收取点 status. 我们的伺服器已尝试了一段时间,但仍然无法截取有效的播客收取点
What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.
Manage episode 249227958 series 2514838
Dave Foster from the Exchange Resource Group joins us to talk about the 1031 exchange and answer the question “Can I 1031 Exchange into a syndication?” This question comes up all the time on the online forums, and the answer is made clearer in this interview! Forewarning, it’s a complicated answer. Making this happen isn’t exactly easy, but it is possible!
Quotes:“If you buy a property, fix it and flip it, your intent was to resell. If you buy a property, fix it, put a record in and hold it for a while. Your attempt was to hold for productive use, it now qualifies [for 1031 exchange].”
“The 1031 exchange is named after section 1031 of the IRS code that's been around since 1921, but it was not user friendly until this huge court case was settled in 1997. Now all of a sudden investors could use it to sell real estate, park the money with what's called the Qualified Intermediary.”
“Patience is your ally, whether you're 16 or 65.”
Get in touch:www.erg1031.com
Other Similar Episodes:Passive vs. Active Investing for Financial Freedom with Hunter Thompson
Wealth Strategies of the Ultra Wealthy with Richard Wilson
Guest Bio:Dave Foster is a degreed accountant and a real estate investor with 20 years of experience.
He is a Qualified Intermediary and 1031 Exchange Expert who specializes in finding tax strategies for buy and hold investors.
He leveraged his own real estate investments and lived aboard a sailboat for 10 years with his family and now helps others achieve their real estate goals.
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