Leveraging advanced real estate tax strategies to defer, and eliminate taxes with Dave Foster

Dave Foster, a 1031 exchange expert, and serial real estate investor, joins us to share his tax-saving strategies for real estate investors. Learn about the primary residence exclusion rule that allows people to move and buy and sell houses every two years for a profit of up to $500,000 tax-free, as well as how 1031 exchanges can convert deferred tax to tax-free gain when selling a primary residence after five years of ownership and two years of living in it. Dave also explains why the 1031 exchange is a powerful tool for both investors and the economy, encouraging industry growth while still resulting in increased tax revenue. Finally, he advises on how to plan for retirement by transferring investments into properties intended for retirement. <br/>Tune into this episode now to learn more about maximizing your tax return!<br/>[00:00 - 08:15] Maximizing Your Tax ReturnsDave Foster is an expert in 1031 exchanges, a qualified intermediary and consultant who shares his tax-saving strategies with investors1031 exchange allows you to sell real estate with built-in profit and purchase new real estate without paying tax on that profitLeveraging the 1031 exchange can amplify your returns significantly over time<br/>[08:16 - 17:44] Unlock the Benefits of 1031 ExchangeCongress put in their exchange to allow farmers to grow America's agribusinessPresident Biden wants to get rid of the 1031 exchange, but it would lead to a loss of several billion in tax revenueThe exchange allows investors to defer taxes when buying and selling investment real estateFour Ds of 1031 investing: Defer, Defer, Defer, Die<br/>[17:45 - 24:55] Eliminate Your Biggest Expense: Learn How to Defer or Convert Tax-FreePrimary residence exclusion allows up to $500,000 of profit tax-free1031 exchange allows for deferred taxes until deathPost-2008, if buying a property as an investment and converting it to a primary residence, the gain is proratedTax strategies can eliminate or reduce the most significant expense of an average American<br/><br/> Key Quotes:<br/>"Every real estate investor has a silent partner. And his name is Uncle Sam. And unless you're careful, Uncle Sam's going to do better than you." - Dave Foster<br/>"Every day you defer the tax, you make the money off the tax. And then you make money off the money you made off the tax." - Dave Foster<br/><br/>Download our FREE ebook, The Definitive Guide To Passive Real Estate Strategies.<br/>Check out our Multifamily Syndication Group, and sign up for our NEWSLETTER.<br/>Want to invest with us? Schedule a brief call here. <br/>Get in touch: Justin@arealminvestor.com and let me know what topics you'd like me to cover or what guests I should have on.<br/>If you like our content, please give us a rating on the platform you're listening on!<br/><br/><br/><br/>