The iCandy Realty Fix & List Model with Steve Budzik
Guest: Steve Budzik is the managing broker & founder of iCandy Realty, a Boutique Real Estate Brokerage in Mokena, IL serving the greater Chicago Real Estate Market. Steve is also an accomplished high volume fix & flip investor. Long time listeners will remember Steve’s past REI Diamonds episode where we discussed high dollar house flipping.
Big Idea: Steve developed the fix & list program to help his brokerage sell houses faster & at a higher price. The experience and contacts he developed flipping houses has dovetailed neatly into this new program. Steve has built both his brokerage & real estate investing business with a priority on high level service to the market place over high volume advertising. Our conversation begins with Steve’s evolution to the fix & list business model, his views on how to mitigate risk both as an investor and as a real estate agent, as well as a few reasons he believes every real estate agent should offer a program like this. Let’s begin:
Episode: 210, Dave Foster on Avoiding Taxes Using 1031 Exchange Real Estate Investing
Guest: Dave Foster is a 25-year real estate veteran and coach who has used 1031 exchanges to increase his buying power while minimizing his tax obligations. He has a keen understanding of how to use this under-utilized tax provision to create wealth in real estate.
Big Idea: 1031 exchanges can be used to defer taxes and leverage capital when transitioning from one real estate investment to another. With the right strategy, investors can keep their own tax dollars working for them, creating more buying power and limiting their tax obligations. Dave Foster can show you how to unlock the benefits of 1031 exchange real estate investing.
This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/
This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 6.49%. Buy & Hold Loans Offered Even Lower. Get a FREE IPad when you Close Your First Deal by Registering Now at http://REILineOfCredit.com
Resources mentioned in this episode:
View the Episode Description & Transcript Here:
Dan Breslin: Welcome to the REI Diamond Show. I’m your host, Dan Breslin, and this is episode 210 on 1031 Exchange Real Estate Investing to Avoid Taxes with Dave Foster. If you’re in building wealth through real estate investing, you are in the right place. My goal is to identify high-caliber real estate investors, and other industry service providers. Invite them on the show and then draw out the jewels of wisdom.
Those tactics, mindsets, and methods are used to create millions of dollars and more in the business of the real estate. Dave Foster is an expert in 1031 exchanges. Real estate investors who have mastered the use of 1031 exchanges avoid their investment gains from being taxed heavily at each transaction. The 1031 exchange allows investors to postpone paying income taxes on large real estate profits. This keeps your gains compounding over time, leading to more substantial wealth over time. Think Warren Buffet, who has been a master at Tax Advantage Investing.
Dave Foster & I Discuss 1031 Exchange Real Estate Investing:
● What are 1031 Exchanges
● How to Use 1031 Exchanges
● Trends and Strategies of 1031 Exchanges
Relevant Episodes: (There are 210 Content Packed Interviews in Total)
- Dave Lindahl on Multi-Family Investing in Emerging Markets
- Anna Barsky on Deferring Capital Gains
- Real Estate Development with Karl Krauskopf
- How to Invest in a Franchise Business with Jon Ostenson
Dan Breslin: Welcome to the REI Diamond Show. I’m your host Dan Breslin and this is episode 199 on the iCandy Realty fix and flip model with Steve Budzik. If you’re into building wealth through real estate investing, you are in the right place. My goal is to identify high-caliber real estate investors and other industry service providers, inviting them on the show, and then draw out the jewels of wisdom. Those tactics, mindsets, and methods, used to create millions of dollars more in the business of real estate.
Steve Budzik is the managing broker and founder of iCandy Realty. A boutique real estate brokerage in Mokena, Illinois, serving the greater Chicago real estate market. Steve is also an accomplished high-volume fix and flip investor. Long-time listeners will remember Steve’s past REI Diamonds episode where we discussed his high-dollar house flipping strategy. Since then, Steve has developed the fix and list program to help his brokerage sell houses faster and at a higher price. The experience and contacts he developed flipping houses along the way have dovetailed neatly into this new program. Steve has built both his brokerage and real estate investing business with a priority on high-level service to the marketplace over high-volume advertising. Our conversation begins with Steve’s evolution into the fix and flip business model, his views on how to mitigate risk both as an investor and as a real estate agent, as well as a few reasons he believes every real estate agent should offer a program like this. Let’s begin. All right, cool. Welcome back, Steve. How are you doing today?
Steve Budzik: Good, good. Thanks for having me on the show, Dan.
Dan: Yeah. Absolutely. I guess it’s been maybe what? 2017 or something like that? Maybe in 2016? One of the early guests of the REI Diamond Show is returning.
Steve: Yeah. Absolutely, man. I love it. I love it.
Episode Sponsored by the Deal Machine:
Driving for Dollars Software to Build a Team of Drivers, Manage Routes, & Even Automate Marketing. Free Access at http://REIDealMachine.com/
Resources mentioned in this episode:
Steve & I Discuss the Fix & List Real Estate Brokerage Model:
Generating Faster Sales & Higher Prices (& Higher Commission!)
How to Generate 80% of Business from REFERRALS
Landlords Using the Fix & List Program
Listing a Property Per Week with NO Ad Spend
Relevant Episodes: (There are 199 Content Packed Interviews in Total)
- Steve Budzik on High Volume & High Dollar House Flipping & Boutique Brokerage
- Aaron Lockhart on Doing Deals with Diamond Equity
- Steve Werner on Where Have All the $50,000 Fix & Flip Deals Gone?
- How to Find Off Market Real Estate Deals with Zack Boothe