Crushing Debt Podcast
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Episode 421:The Secret To Deferring TaxesDo you enjoy paying taxes to the government?
Do you want to keep more of your profit or gain from the sale of assets?
Do you know the Tax Code Section, that has been in existence for a little more than 100 years to help (at first) farmers to defer gains on the sale of assets?
This week's guest on the Crushing Debt Podcast is Dave Foster, a nationwide qualified intermediary for 1031 exchanges. Dave has built his business around a model of education, teaching continuing education courses for Realtor associations throughout the country, as well as educational investor webinars for title companies, attorneys, and real estate brokerages.
Dave advocates for the strategic use of defering tax gains using section 1031 of the Internal Revenue Code (the 1031 Exchange). Dave is an example of using the tax code to his advantage over the years to position his investment portfolio to buy and live on a sailboat for 10 years raising his children.
Dave didn't start with 1031 Exchanges, but learned the hard way when the government took 40% of the profits from one of his first sales in the form of taxes. Shawn talks to Dave about some of the benefits of using Section 1031 as an investment strategy.
You can contact Dave at Dave@The1031Investor.com or visit his website www.The1031Investor.com.
Let us know if you enjoy this episode and, if so, please share it with your friends!
Please also visit our sponsor, Sam Cohen of Attorneys First Insurance for Attorneys and Title Companies looking to get a quote on Errors & Ommissions (malpractice) Insurance coverage. www.AttorneysFirst.com.
Or, you can support the show by visiting our new Patreon page: https://www.patreon.com/crushingDebt
To contact George Curbelo, you can email him at GCFinancialCoach21@gmail.com, or follow his Tiktok channel - https://www.tiktok.com/@curbelofinancialcoach
To contact Shawn Yesner, you can email him at Shawn@Yesnerlaw.com or visit www.YesnerLaw.com. And we are always accepting donations to support Pancreatic Cancer education, detection and research by joining Shawn's PanCAN team, MY Legacy Striders: http://support.pancan.org/goto/MYLegacyStriders08
