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Updated over 1 year ago on . Most recent reply

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Keith Vissering
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Looking for a good book that outlines a five year plan...

Keith Vissering
Posted

I live in Silicon Valley with a job that pays me well. I am 1031 exchanging money from a sale for a rental property in Florida, about 400k. I am looking to build on this first cash sale and acquire more properties. I know this may not be the best time to buy a rental property but I am stuck with the timing. Anyway, I am looking for a book that outlines a good strategy for a five-year plan. Can anyone recommend one that they actually used to successfully build their rental business?


Thank you for taking the time to read this post.


Keith


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Dave Foster
#1 1031 Exchanges Contributor
  • Qualified Intermediary for 1031 Exchanges
  • St. Petersburg, FL
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Dave Foster
#1 1031 Exchanges Contributor
  • Qualified Intermediary for 1031 Exchanges
  • St. Petersburg, FL
Replied

@Keith Vissering, Total self-promotion here.  But I actually wrote that book - Addressed completely from the perspective of the 1031 investor.  You can look on my profile to see it.  We did a lot of case studies including our story which was the use of a combination of sec 121 primary residence sales and 1031 exchanges to end up buying a 53 ft sailboat with tax free dollars and raising our 4 children on it for 10 years using cash flow from deferred tax in vacation rentals - never paying a penny in capital gains tax.  Quite a ride!  I'll reach out via pm as well.

  • Dave Foster
business profile image
The 1031 Investor
5.0 stars
92 Reviews
business profile image
The 1031 Investor
5.0 stars
92 Reviews

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