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b"Dave Foster from the Exchange Resource Group joins us to talk about the 1031 exchange and answer the question \\u201cCan I 1031 Exchange into a syndication?\\u201d This question comes up all the time on the online forums, and the answer is made clearer in this interview! Forewarning, it\\u2019s a complicated answer. Making this happen isn\\u2019t exactly easy, but it is possible!\\nQuotes:\\n\\u201cIf you buy a property, fix it and flip it, your intent was to resell. If you buy a property, fix it, put a record in and hold it for a while. Your attempt was to hold for productive use, it now qualifies [for 1031 exchange].\\u201d\\n\\u201cThe 1031 exchange is named after section 1031 of the IRS code that's been around since 1921, but it was not user friendly until this huge court case was settled in 1997. Now all of a sudden investors could use it to sell real estate, park the money with what's called the Qualified Intermediary.\\u201d\\n\\u201cPatience is your ally, whether you're 16 or 65.\\u201d\\nGet in touch:\\nwww.erg1031.com\\nOther Similar Episodes:\\nPassive vs. Active Investing for Financial Freedom with Hunter Thompson\\nWealth Strategies of the Ultra Wealthy with Richard Wilson\\nGuest Bio:\\nDave Foster is a degreed accountant and a real estate investor with 20 years of experience.\\xa0\\nHe is a Qualified Intermediary and 1031 Exchange Expert who specializes in finding tax strategies for buy and hold investors.\\xa0\\nHe leveraged his own real estate investments and lived aboard a sailboat for 10 years with his family and now helps others achieve their real estate goals."