Meet Dave Foster. "I decided to get into real estate investing right after my first son was born. He was amazing and made me want to chuck my 9 to 5 job, live on a sailboat, and travel with my family. I figured I would work my way into generating passive real estate income that wouldn’t require my full-time, hands-on management. My goal was to do this before my son turned 10, so that there would be years left to explore and adventure together before he was grown.
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TAXES!
The thing was, when I sold my first renovation project for what I thought was a decent profit, the government took 40% of my gain. And then, when I sold my small business to generate more capital to invest in real estate, Uncle Sam and the great state of Colorado took 40% of the profit there, too.
Are you tired of paying out your hard earned real estate gain in taxes?" Are taxes limiting your success as a real estate investor?
Learn more at The1031Investor.com
There’s this under-utilized tax provision called 1031 exchanges. Just a savvy fraction of investors use it.
Once you learn it and use it, you’ll see a huge difference in your buying power when you transition from one investment property to another and keep your tax dollars working for you. It’s not often employed because the restrictions and rules of rolling all of your gains into another real estate investment can be intimidating until you’ve tried it.
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