Business

True Wealth with Joel Baker

You didn’t build your wealth by accident — and you shouldn’t leave your legacy to chance. True Wealth with Joel Baker brings together the world’s sharpest minds in wealth optimization, estate strategy, and legacy planning for one purpose: to help high-net-worth families preserve what they’ve built and pass it on with intention. Each week, Joel Baker — wealth planner, author, and former elite athlete — goes deep with estate planning attorneys, tax strategists, trust professionals, and family governance consultants who make generational wealth possible. Because real wealth isn’t just what you have. It’s what endures.

Latest Episodes:

Episode 1: The 1031 Exchange: Build Wealth Tax-Free Sep 30, 2026

Show notes

The tax you owe on your real estate sale could become the fuel for your next investment.

In this episode of True Wealth with Joel Baker, Joel discusses the power of the 1031 exchange with Dave Foster, Qualified Intermediary and founder of The 1031 Investor. Dave explains how investors can sell and buy real estate throughout their lives without paying capital gains or depreciation recapture tax. He walks through the strict 45-day and 180-day deadlines, the rules for reinvesting, and why a QI must be in place before you close. The result is compounding wealth that can pass to your heirs completely tax-free.

Key Takeaways:

→ A 1031 exchange lets you defer capital gains and depreciation recapture tax every time you sell and reinvest in investment real estate.

→ Start with your "why" before selling, whether it's trapped equity, a declining neighborhood, consolidation, or an aging property.

→ You must have a Qualified Intermediary in place before closing, and you can never touch the sale proceeds.

→ You have just 45 days to identify replacement property and 180 days to close, so planning ahead is the key to success.

→ To defer all tax, buy at least as much as your net sale and reinvest all proceeds, because the IRS treats anything you take out as profit.

Dave Foster is a Qualified Intermediary (QI) for 1031 exchanges and Founder of The 1031 Investor. As a multi-industry visionary, he has over 30 years of experience working in all phases of real estate investing and brings his clients a fresh perspective and clear vision for strategic development using tools in the tax code such as the 1031 exchange and the Sec 121 Primary residence exclusion. As an investor himself, he views each investment as a unique opportunity to maximize returns. A degreed accountant with a Master's in Management, Dave has also just released a best selling book, Lifetime Tax-Free Wealth: The Real Estate Investor's Guide to the 1031 Exchange.

Connect With Dave Foster:

Website: https://www.the1031investor.com/

YouTube: https://www.youtube.com/c/The1031Investor

True Wealth with Joel Baker Sep 21, 2026

Show notes