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b"Working with realtors, title companies, and individuals, Dave Foster has helped thousands of investors keep all their equity working for them and legally avoid paying taxes with 1031 Exchanges and other tax strategies. Through a combination of 1031 Exchanges and Section 121 exemptions, Dave was able to achieve his own dream of living aboard a sailboat with his young family. These powerful tax strategies (and a lot of hard work) allowed him to pull out profit and purchase their 53\\u2019 ketch for cash as well as build a portfolio that helped cash flow a decade of adventure.\\xa0 Dave provides strategy, consulting and 1031 Exchange Qualified Intermediary services that have helped investors from around the world use these powerful tools to build their US portfolio.\\n\\xa0\\n[00:01 - 05:14] Opening Segment\\nGet to know Dave Foster\\nDave\\u2019s back on the show!\\xa0\\nWhat is a Qualified Intermediary?\\nThe Eighth Wonder of the World: Compound Interest\\n\\xa0\\n[05:15 - 15:06] 1031 Exchange Insights for 2022\\nHow the Pandemic Changed the 1031 Industry\\nAn important note for real estate investors\\nReal estate investors are a hardy breed\\nRents, tenants, realtors, and inspectors\\nThe Global Financial Crisis with 1031 Exchanges\\nThe Best Way to Solve a Crisis\\n\\xa0\\n[15:07 - 34:01] How to Make the Most Out of 1031\\nHow the Human Person is Made: Energy, Money, Time\\nThe Most Important Commodity is not Money\\nMost Absolute Powerful Tool to Build Real Estate Wealth\\nDave discusses different passive real estate investing tips and strategies\\nInflation, Refinance, and Tax\\nWhat happens when you move into vacation rental properties\\xa0\\n\\xa0\\n[34:02 - 42:22] Closing Segment\\nQuick break for our sponsorsGroundfloor offers short-term, high-yield real estate debt investments to the general public. Check www.passivewealthstrategy.com/groundfloor/ to get started.\\n\\nWhat is your favorite book to read for personal enjoyment reasons?\\nLord of the Rings Trilogy\\nDave\\u2019s favorite business bookWhatever Happened to Penny Candy? by Richard Maybury\\nThe Clipper Ship Strategy by Richard Maybury\\n\\nDave\\u2019s Travel Bucket ListSpain\\nIsle of Capri, Italy\\n\\nConnect with my guest. See the links below.\\n\\xa0\\nTweetable Quotes:\\n\\u201cThe greater the profit, and the quicker the profit, the sooner you want to start moving properties.\\u201d - Dave Foster\\n\\u201cReal estate investors are a hardy breed.\\u201d - Dave Foster\\n\\u201cKeep your leverage low enough, stress test your assets against a pretty healthy drop, and as long as you can keep the lights on, go for it. Be aggressive. And when the downturn comes, it's not gonna come forever.\\u201d - Dave Foster\\n------------\\nConnect with Dave Foster through LinkedIn.\\xa0 Visit their website https://www.the1031investor.com/.\\xa0\\n\\xa0\\nInvest passively in multiple commercial real estate assets such as apartments, self storage, medical facilities, hotels and more through https://www.passivewealthstrategy.com/crowdstreet/\\nParticipate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms.\\xa0\\nJoin our Passive Investor Club for access to passive commercial real estate investment opportunities.\\nLEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes"