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.
Listen to the full podcast episode here - [ Ссылка ]
You can contact Dave at: info@the1031investor.com or 303-789-1031 just tell Him Cecil Rose referred you.
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Who is Cecil Rose?
Cecil Rose is an author, coach, and a real estate agent who has been in the real estate industry since 2008. He specializes in short sales and has closed hundreds of short sales. Cecil Rose is also a real estate Agent with Homekey Real Estate Group, LLC. He loves serving in his church and community. He’s actively involved in prison ministry and other community outreaches.
Cecil Rose discovered real estate in 2008 but didn’t have any coaching or roadmap on how to get started. He closed one of his biggest real estate deals in 2010 where he made 250k in three months. Cecil lives in Baton Rouge, La. with his beautiful family.
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