Dave Foster, Founder and CEO of The 1031 Investor. Dave is a degreed accountant and serial real estate investor who is a qualified intermediary and consultant for tax saving strategies such as the 1031 exchange and the section 121 homestead exemption. Dave started fix and flipping in the 90s and realized that about 40% of his profits were going directly to the IRS. Dave tells us about the updated rules and regulations around using the1031 exchange to legally compound your tax interest that will stay with you instead of going straight to the government. Dave breaks down exactly how to use the 1031 exchange in layman’s terms. He explains to us how he moved his way from Denver, CO to Tampa, FL over 10 years using the section 121 homestead exemption, so that he and his family could move onto a boat (which was a huge dream of his). Tune in to listen to how Dave raised 4 boys on his boat while investing in properties with the 1031 exchange.
He speaks with us about Uncle Sam, Section 121 and boat life.
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Jake Stenziano, the drug rep, and Gino Barbaro, the pizza guy, have teamed up to co-found Jake & Gino, a multifamily real estate education company that created the proprietary framework: Buy Right, Manage Right & Finance Right, that teaches investors how to become financially free through investing in multifamily real estate. They currently run a vertically integrated real estate company with over $100,000,000 in assets under management, that handles all aspects of the business, from buying, to self-managing, to disposition of the asset.
