5 Talents Podcast - How To Build Wealth Through Real Estate

5 Talents Podcast - How To Build Wealth Through Real Estate

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5 Talents Podcast - How To Build Wealth Through Real Estate episodes

  • Kirk Chisholm - Identifying And Mitigating Risks With Your Investments

    Kirk Chisholm is a Wealth Manager and Principal at Innovative Advisory Group. His roles at IAG are as co-chair of the Investment Committee and Head of the Traditional Investment Risk Management Group. His background and areas of focus are portfolio management and investment analysis in both the traditional and alternative investment markets. In this episode, he explains that risk management involves identifying all of the risks involved with a particular situation, mitigating as many as possible, and being comfortable with what remains. He talks about how different levels of investors have different challenges, and how being comfortable with what’s left over after mitigating risks is key in investing. He provides an example of how risk management can be applied to a real estate investment.


    [00:00 - 03:24] Opening Segment

    • Introducing Kirk to the show!
    • Kirk shares his insights about risk management, where he has changed the formula for how a firm deals with commercial real estate investments by focusing on risk management

    [02:25 - 19:05] Identifying And Mitigating Risks With Investments

    • What is risk management?
    • He discusses the framework for risk management
    • The secondary framework is called TLC (Transparency, Liquidity, Custody)
    • Liquidity is a huge part of risk management
    • When there’s a liquidity crisis

    [19:06 - 28:16] Invest With A Purpose

    • Kirk discusses the problems faced by real estate investors, namely that it is a cash flow problem
    • Warren Buffet’s mindset
    • He discusses the three categories of investors
    • Have a purpose in their lives

    [28:17 - 44:07] Closing Segment

    • Kirk recommends that people reach out to him for advice on how to invest their money in ways that will preserve it and ensure that their grandchildren will have enough
    • See the links below to connect with Kirk!

     

    Quotes:

    "Liquidity is a huge part of risk management in understanding how liquidity plays into what you're doing.” - Kirk Chisholm

    "No matter what you have, you can't mitigate them all. You have to find an acceptable level of risk." - Kirk Chisholm

    “When we're looking at real estate, we don't look at appreciation...What I would say to investors is to do their due diligence.”  - Kirk Chisholm


    Connect with Kirk through LinkedIn & Innovative Advisory Group!

     

    Connect with me:

    www.5talents.capital

    LinkedIn

    Instagram

    Watch 5TCRE on YouTube

    Leave us a review and receive your free ebook

    Email us --> [email protected]


    5 TALENTS CAPITAL | ABEL PACHECO


    If you are ready to start your investment journey with 5 Talents Capital, here are the next steps you should take:

    1. View our informational video and case study at https://5talents.capital/grow-your-wealth/
    2. After viewing the video follow the prompts which will lead you to a scheduling link to meet one on one with Abel Pacheco. 
    3. Register for our investor portal here investor portal once registered you will be able to review some of our past deals and you will receive alerts for upcoming investment opportunities.

    Support the show

    46 min
  • Scott Royal Smith - How To Achieve Financial Independence and Live a Rich Life

    Scott Royal Smith is a Real Estate Investor and Asset Protection Attorney. While still in law school, Scott became an entrepreneur -purchasing and running an auto mechanic shop to pay his way through school. He spent the last 10 years of his career analyzing Real Estate Investment and Asset Protection. 

    This present day, Scott is the founder and CEO of Royal Legal Solutions; a firm he built to offer tax, business, and legal strategies to clients all over the U.S and Canada. He continues to educate the public on asset protection strategies to help circumvent debilitating lawsuits for his clients. He discusses the importance of being a good steward of capital and why it’s so important to have an attorney with investment experience on your side.

    [00:00 - 06:33] Opening Segment

    • Introducing Scott to the show!
    • Scott shares his story of how he became an investor
    • He helps other real estate investors achieve success

    [06:34 - 20:55] How To Achieve Financial Independence and Live a Rich Life

    • Scott says that you can achieve great things if you start by helping others
    • Understanding the playbook of how to go from zero to 10
    • The steps to wealth creation
    • The 4 key areas to be considered when building wealth are:
      • Asset protection
      • Estate planning
      • Tax and Insurance

    [20:56 - 37:33] Asset Protection and Building Wealth The High North Way

    • Asset protection
    • An umbrella policy can protect you from lawsuits
    • Having a living trust can help ensure that your family is taken care of after your deat
    • Does your company/organization need to be an LLC?

    [37:34 - 46:46] Closing Segment

    • Scott believes that’s why we think we’re so successful is because we’re taking the high-net-worth mentality and applying it to everyone, even if they don’t know it
    • See the links below to connect with Scott!

     

    Quotes:

    "We always focus on is education to action, which means we have to understand who you are, where you're at, what the next steps you're going to.” - Scott Royal Smith

    "The problem itself is really understood all the way from the very beginning to owning absolutely nothing to having a hundred million dollars." - Scott Royal Smith

    “What you build now works perfectly now for what you're going to need in the future." - Scott Royal Smith

    Connect with Scott through LinkedIn & Royal Legal Solutions!

    Connect with me:

    www.5talents.capital

    LinkedIn

    Instagram

    Watch 5T CRE on YouTube

    Leave us a review and receive your free ebook

    Email us --> [email protected]


    5 TALENTS CAPITAL | ABEL PACHECO

    If you are ready to start your investment journey with 5 Talents Capital, here are the next steps you should take:

    1. View our informational video and case study at https://5talents.capital/grow-your-wealth/
    2. After viewing the video follow the prompts which will lead you to a scheduling link to meet one on one with Abel Pacheco. 
    3. Register for our investor portal here investor portal once registered you will be able to review some of our past deals and you will receive alerts for upcoming investment opportunities.

    Support the show

    47 min
  • David Spellman - Building Wealth Through Financial Literacy

    David Spellman is the RIA and Director for Money Concepts Capital Corp. He has a committed and benevolent interest in others and has all the appropriate licenses to help clients with financial planning in their personal lives as well as their business endeavors. As a fiduciary, he is responsible for the advice he gives both professionally and personally. He says his goal is to help every person he meets with save taxes, protect assets, and build wealth. He says that before you can really achieve financial freedom and create a legacy, you have to learn how to budget, invest, and protect your assets. He emphasizes the importance of being strategic when building wealth, noting that not everyone has the same opportunities or access to wealth-building tools as those who do not have wealth.

     

    [00:00 - 06:04] Opening Segment

    • Introducing David to the show!
    • As a registered investment advisor (RIA), he is responsible for advising clients on investments and protecting their money

    [06:05 - 12:47] Setting Goals And Protecting Your Assets

    • When it comes to creating wealth, starting with your goals is key
    • What is a fiduciary?
    • Budget and asset protection
    • Figure out your goals and how to live within your means
    • How to create real estate wealth?
    • Strategy for Reducing Your Taxes

    [12:48 - 34:24] Building Wealth Through Financial Literacy

    • David discusses the importance of people connecting with others and finding their interests
    • Stages of building wealth
    • Basic building blocks for financial literacy
    • Strategies that differentiate those who are wealthy from the majority of people
    • Consulting with an expert to implement strategies

     

    [34:24 - 38:02] Closing Segment

    • David believes that the law of attraction is always present, and that when people are fearful, they are making moves in the wrong mindset
    • See the links below to connect with David!

     

    Quotes:

    "If there's extra money, discretionary money, we want to find a way to get that to grow, on a compound level.” - David Spellman

    "You want to think about the abundance that we have everywhere." - David Spellman

    " I want to have enough to replace that income mortgage if you have any mortgages on the docket. You won't have enough to cover that." - David Spellman

     

    Connect with David through LinkedIn & Money Concepts!

     

    Connect with me:

    www.5talents.capital

    LinkedIn

    Instagram

    Watch 5T CRE on YouTube

    Leave us a review and receive your free ebook

    Email us --> [email protected]


    5 TALENTS CAPITAL | ABEL PACHECO


    If you are ready to start your investment journey with 5 Talents Capital, here are the next steps you should take:

    1. View our informational video and case study at https://5talents.capital/grow-your-wealth/
    2. After viewing the video follow the prompts which will lead you to a scheduling link to meet one on one with Abel Pacheco. 
    3. Register for our investor portal here investor portal once registered you will be able to review some of our past deals and you will receive alerts for upcoming investment opportunities.

    Support the show

    46 min
  • Keith Blackborg - Focus On Your Business To Achieve Financial Independence

    Keith served as the director of acquisitions for a hedge fund that transacted the largest private sale of homes in US history. Around the same time, he started his own CPA firm and developed a following serving high net worth real estate investors. He mastered complex tax strategies, allowing clients to legally save ~5-10% of their net worth in taxes each year. His personal investing experience, deep tax knowledge, wide network, and breadth of industry expertise allowed him to mentor clients in business, making their whole operation more efficient and profitable. He talks about the importance of real estate and how it can be a great way to make money over time.

    [00:00 - 06:04] Opening Segment

    • Introducing Keith to the show!
    • He talks about how most people who make their money through commercial real estate invest in traditional assets like stocks, bonds, and real estate

    [06:05 - 12:47] Effort and Persistence To Change One’s Mindset

    • Keith discusses the three main asset categories
      • Business
      • Real Estate
      • Traditional Investments
    • Commercial Real Estate
    • Real estate is a mix of both assets and business

    [12:48 - 34:24] Focus On Your Business To Achieve Financial Independence

    • Keith discusses how he tuned his own path
    • Alternative investments
    • Bearing all the risks but also the opportunity
    • Favorite strategies
    • Build income and Wealth
    • Different Classes

    [34:24 - 38:02] Closing Segment

    • Keith shares his advice on how to achieve success in real estate, whether you are just starting out or are already established in the industry
    • See the links below to connect with Keith!

     

    Quotes:

    "I don't do tax preparation anymore, but I love to talk tax strategy and connect people with other tax strategies who can help implement them.” - Keith Blackborg

    "When everybody's working together on the same team to grow your wealth." - Keith Blackborg

    "If you're willing to be active, you can also accelerate that really quickly." - Keith Blackborg

     

    Connect with Keith through LinkedIn & Facebook!

     

    Connect with me:

    www.5talents.capital

    LinkedIn

    Instagram

    Watch 5T CRE on YouTube

    Leave us a review and receive your free ebook

    Email us --> [email protected]

     

    I Help People Build Wealth And 10X THEIR MONEY By Establishing Multiple Income Streams Through Multi-Family Real Estate Investments.

    Our blueprint to financial freedom is streamlined so you can get going in multifamily commercial real estate investments fast. 

    Here's how:

    STEP 1

    Join

    Start by joining the 5 Talents Investor Club. A community of people just like you who are looking to grow their wealth and achieve their financial freedom.

    STEP 2

    Learn

    Once you join, we'll take some time to learn about you and our goals and share resources that will help you in your investment journey.

    STEP 3

    Invest

    We'll help you invest passively in multifamily real estate together in a group so you can create passive income and grow your wealth.

    STEP 4

    Relax

    Every investment builds additional streams of passive income, getting you one step closer to financial freedom.

    Support the show

    40 min
  • Brandon Burns - Making Money From Real Estate With 1031 Exchange

    Mr. Burns is in a senior leadership role for a 1031 Qualified Intermediary - Investors 1031 Exchange. He is an experienced commercial real estate executive who has served on the investment committees of several real estate development firms throughout his career. Currently very focused on growing the 1031 exchange business, he can offer unique insights to clients and strategic partners as he has been involved in over one billion dollars of real estate development and acquisitions across 64 real estate investment projects (or funds). He has directly raised over $650M in equity for various real estate projects and was instrumental in successfully issuing $180M of debt on the Tel Aviv Stock Exchange. He is an analyst at heart and currently serves as the President of Investors 1031 Exchange.

    [00:00 - 08:51] Opening Segment

    • Introducing Brandon to the show!
    • He talks about how he left his previous job to join a new development firm
    • Arbitrages opportunities in real estate

    [08:52- 21:02] The Importance of Finding Your Personal Fulfillment

    • Brandon says that it is important to find a job or profession that fulfills your personal desires
    • The importance of specialization and personal fulfillment
    • How he learned to be more successful through experience and time
    • He advises listeners to rank their strengths and passions
      • Find a job or profession that puts them in their strongest areas

    [21:03 - 40:28] Making Money From Real Estate With 1031 Exchange

    • Brandon discusses the 1031 exchange
    • Benefits of a 1031 exchange
    • Four major huddles that the IRS has put in place
    • Wealth aggregation or wealth preservation

    [40:29 - 42:22] Closing Segment

    • Brandon's insights on wealth creation and preservation, focusing on industrial real estate as a great place to be in the current market cycle
    • See the links below to connect with Brandon!


    Quotes:

    "There's so many different ways to win in real estate.” - Brandon Burns

    "I think if you can have a work situation that checks personal fulfillment boxes that's where you win." - Brandon Burns

    "Real estate is a good answer for wealth aggregation and wealth preservation." - Brandon Burns

     

    Connect with Brandon through LinkedIn,!

     

    Connect with me:

    www.5talents.capital

    LinkedIn

    Instagram

    Watch 5T CRE on YouTube

    Leave us a review and receive your free ebook

    Email us --> [email protected]

     

    I Help People Build Wealth And 10X THEIR MONEY By Establishing Multiple Income Streams Through Multi-Family Real Estate Investments.

    Our blueprint to financial freedom is streamlined so you can get going in multifamily commercial real estate investments fast. 

    Here's how:

    STEP 1

    Join

    Start by joining the 5 Talents Investor Club. A community of people just like you who are looking to grow their wealth and achieve their financial freedom.

    STEP 2

    Learn

    Once you join, we'll take some time to learn about you and our goals and share resources that will help you in your investment journey.

    STEP 3

    Invest

    We'll help you invest passively in multifamily real estate together in a group so you can create passive income and grow your wealth.

    STEP 4

    Relax

    Every investment builds additional streams of passive income, getting you one step closer to financial freedom.

    Support the show

    44 min
  • M.C. Laubscher - Capitalize On Isometric Opportunities

    After realizing that the could become his own bank and start building wealth. M.C. Laubscher, is an Entrepreneur and Investor, he is also the founder of Cashflow Ninja and the creator and host of the top-rated business and investing podcasts, Cashflow Ninja & Cashflow Investing Secrets. The importance of starting small with solid fundamentals, followed by continuous growth and ultimate success. He recommends that those interested in learning more about this topic visit his website, https://accountableequity.com/!

    [00:00 - 08:27] Opening Segment

    • Introducing M. C. to the show!
    • He recommends, “Rich Dad, Poor Dad by Robert Kiyosaki”

    [08:28 - 17:17] Leverage The Power Of Community

    • M. C. invites listeners to his podcast, “Cash Flow Ninja “
    • Leverage the power of community
    • Different ways in which business owners and investors can position capital
    • Benefits of using life insurance

    [17:18 - 20:21] Capitalize On Isometric Opportunities

    • M. C. discusses the importance of having liquidity
    • Diversified income stream
    • Guidelines for being a real estate professional
    • Capitalize on isometric opportunities
    • The current economic conditions and how they will affect investors

    [33:45 - 46:48] Closing Segment

    • M. C. advises how to position oneself for opportunities in tough economic times
    • See the links below to connect with M. C.!


    Quotes:

    "I always try to simplify things for myself.." - M.C. Laubscher

    "The core principle here for investors is what situations are there, where I can position myself which is going to benefit from all of these distortions and capitalize on it." - M.C. Laubscher

    "Fortunes are made is in tough economic environments." - M.C. Laubscher

     

    Connect with M.C. through LinkedIn, Facebook , Podcast, or visit his company at https://accountableequity.com/ !

     

    Connect with me:

    www.5talents.capital

    LinkedIn

    Instagram

    Watch 5T CRE on YouTube

    Leave us a review and receive your free ebook

    Email us --> [email protected]

     

    I Help People Build Wealth And 10X THEIR MONEY By Establishing Multiple Income Streams Through Multi-Family Real Estate Investments.

    Our blueprint to financial freedom is streamlined so you can get going in multifamily commercial real estate investments fast. 

    Here's how:

    STEP 1

    Join

    Start by joining the 5 Talents Investor Club. A community of people just like you who are looking to grow their wealth and achieve their financial freedom.

    STEP 2

    Learn

    Once you join, we'll take some time to learn about you and our goals and share resources that will help you in your investment journey.

    STEP 3

    Invest

    We'll help you invest passively in multifamily real estate together in a group so you can create passive income and grow your wealth.

    STEP 4

    Relax

    Every investment builds additional streams of passive income, getting you one step closer to financial freedom.

    Support the show

    44 min
  • Tony Watson - Diversification is Key To Protecting Your Wealth In Real Estate

    If you’re one of those individuals that’s trying to figure out how to unlock the magic entity structure of a business entity and how it involves your business and your taxes. Tony Watson, an active real estate investor and entrepreneur with over a decade and a half of experience. Tony along his team at Robert Hall & Associates, actively look for the newest and most up-to-date strategies to implement on client tax filings. Tony talks about the importance of engaging in services under circular two thirty which is a rule book that tax preparers must follow if you’re interested in learning more about these or any other strategies for tax savings.

    [00:00 - 08:27] Opening Segment

    • Introducing Tony to the show
    • He sees the current real estate market as an opportunity to build wealth on appreciation side

    [08:28 - 17:17] The Wealthy 1% Diversify Their Investments

    • The wealthy are often diversified in their investments
    • Tax planning is important for the wealthy

    [17:18 - 20:21] Have a Professional Advisor Help You Guide You Through Opportunities  

    • The older generation of individuals who are already in retirement have a unique opportunity to claim themselves as any kind of status for employment, including being a real estate professional
    • Opportunities are different for each taxpayer

    [20:22 - 33:44] Diversification is Key To Protecting Your Wealth In Real Estate

    • Diversification is key to protecting your wealth in real estate
    • The specific guidelines for being a real estate professional

    [33:45 - 46:48] Closing Segment

    • Tax advisors can help business owners and real estate investors save money by accelerating deductions and reducing taxes owed.
    • See the links below to connect with Tony!

    Quotes:

    "Diversification is key... You got to build a team for yourself, you have to build a team of real estate professionals." - Tony Watson

    "The one consistent investment at that level of income is real estate." - Tony Watson

    "When you invest in syndications, you don't always need an LLC, but what you probably want to have in place, are legacy assets." - Tony Watson

    Connect with Tony through LinkedIn, or visit his company at https://www.roberthalltaxes.com/

    Connect with me:

    www.5talents.capital

    LinkedIn

    Instagram

    Watch 5T CRE on YouTube

    Leave us a review and receive your free ebook

    Email us --> [email protected]

    I Help People Build Wealth And 10X THEIR MONEY By Establishing Multiple Income Streams Through Multi-Family Real Estate Investments.

    Our blueprint to financial freedom is streamlined so you can get going in multifamily commercial real estate investments fast. 

    Here's how:

    STEP 1

    Join

    Start by joining the 5 Talents Investor Club. A community of people just like you who are looking to grow their wealth and achieve their financial freedom.

    STEP 2

    Learn

    Once you join, we'll take some time to learn about you and our goals and share resources that will help you in your investment journey.

    STEP 3

    Invest

    We'll help you invest passively in multifamily real estate together in a group so you can create passive income and grow your wealth.

    STEP 4

    Relax

    Every investment builds additional streams of passive income, getting you one step closer to financial freedom.

    Support the show

    50 min
  • Brian Eastman - How to Make the Most of Your 401k

    Brian Eastman, a financial advisor who specializes in self-directed retirement plans has transitioned from working in corporate America to starting his own real estate business. He discusses the risks and challenges when starting his business and how he was able to overcome them by taking calculated risks and focusing on the right opportunities. They also discuss the importance of retirement planning and how to make the most of your 401k. Brian stresses the importance of diversifying one's investment portfolio across many different types of investments to mitigate risk. 


    Brian Eastman is a principal and Sr. Consultant at Safeguard Advisors, LLC, a Self-Directed 

    Retirement Plan provider headquartered in Boulder, Colorado. Mr. Eastman has personally worked with thousands of independent investors over the years and has a deep understanding not only of the tax framework that governs self-directed retirement plans but how to use such plans successfully in a variety of real estate and alternative asset investment types. 


    [00:01 - 14:10] Opening Segment

    • Introducing Brian to the show
    • Brief background and career

    [14:11 - 21:08] 401k: How to maximize your return

    • Why people in their twenties should be investing in 401k 
    • The average returns for commercial real estate

    [21:09 - 35:22] How to Retire Safely with an IRA

    • Brian shares his experiences with commercial real estate, cryptocurrency, and blockchain
    • Brian recommends a diversified retirement plan that is IRA-based and offers a checkbook control option
    • Brian also recommends investing in physical metals, through a self-directed IRA or 401k

    [35:23 - 42:10] How to Build Wealth with Private Equity Experts

    • A solo 401k: An IRA on steroids 
      • Has a much higher contribution limit
    • The 401k form of trust is run by the listener as the trustee, and there is no third-party administrator

    [42:10 - 43:09] Closing Segment

    • See the links below to connect with Brian


    Quotes:


    "Most commercial real estate investments don't hit home runs. They don't get that 30% return if you were an initial investor in some cool startup which you can see in the stock market but they also don't tend to crater out when the news cycle happens bad.” - Brian Eastman


    Connect with Brian through LinkedIn, or email him at [email protected].



    Connect with me:

    www.5talents.capital

    LinkedIn

    Instagram

    Watch 5T CRE on YouTube

    Leave us a review and receive your free ebook

    Email us --> [email protected]


     5 TALENTS CAPITAL | ABEL PACHECO

     

    If you are ready to start your investment journey with 5 Talents Capital, here are the next steps you should take:

    1. View our informational video and case study at https://5talents.capital/grow-your-wealth/
    2. After viewing the video follow the prompts which will lead you to a scheduling link to meet one on one with Abel Pacheco. 
    3. Register for our investor portal here investor portal once registered you will be able to review some of our past deals and you will receive alerts for upcoming investment opportunities.



    Support the show

    44 min
  • Phil Johnson - Emotional Intelligence: The Key to Success

    Most people think that the measure of intelligence is only through the ability to solve problems and reason. But Phil Johnson, executive coach, and author; is here with us today to show us that emotional intelligence is equally as important. Phil specializes in helping people develop their EQ, which is needed in this fast and ever-growing industry. The development of emotional intelligence can help an individual better navigate through difficult situations and achieve their desired results. Phil will show us why it is the best solution to the challenges we face in today's world and will show us how to do it as simply as breathing.


    [00:00 - 08:23] Opening Segment

    • Introducing Phil to the show
    • Emotional intelligence’s impact on one’s life and career


    [08:24 - 17:32] Turning Challenges into Opportunities 

    • Being driven by passion, not pain
    • Emotional intelligence is going to become a multi-trillion dollar industry


    [17:32 - 25:58] Bet on Yourself and Develop Your Emotional Intelligence

    • The forces that urge people to be distracted and worry
    • Having a deeper, more trusted relationships
    • Betting on yourself emotionally will lead to a higher level of consciousness


     [25:58 - 33:35] How to Become a Better Investor 

    • Emotional intelligence is an experiential process
    • Emotional intelligence is a journey that always has an exponential return on investment
    • Breathing techniques that can alleviate anxiety


    [33:36 - 36:01] Closing Segment

    • See the links below to connect with Phil!

     

    Quotes:

    "We're only actually conscious about three to 5% of the time. The rest of the time we're relying on our unconscious habits to generate our behavior and our results." - Phil Johnson

     

    "When you're consumed by fear you're no longer conscious you're in reactive mode. You're no longer looking to be creative. You're no longer looking for the opportunities that the challenges may create. You're in survival mode." - Phil Johnson

     

    "The person most present in this moment is the most influential." - Phil Johnson

     

    Connect with Phil through LinkedIn, or email him at [email protected].


    5 TALENTS CAPITAL | ABEL PACHECO


    If you are ready to start your investment journey with 5 Talents Capital, here are the next steps you should take:

    1. View our informational video and case study at https://5talents.capital/grow-your-wealth/
    2. After viewing the video follow the prompts which will lead you to a scheduling link to meet one on one with Abel Pacheco. 
    3. Register for our investor portal here investor portal once registered you will be able to review some of our past deals and you will receive alerts for upcoming investment opportunities.


    Connect with me:

    www.5talents.capital

    LinkedIn

    Instagram

    Watch 5T CRE on YouTube

    Leave us a review and receive your free ebook

    Email us --> [email protected]

    Support the show

    37 min
  • Garrett Griffin - Leveraging Deferred Sales Trust Strategies

    Garrett Griffin from Legacy Tax Strategies, LLC shares some aspects of real estate planning. Garrett specializes in helping clients defer capital gains taxes on the sale of assets, which can help increase wealth over time. He also discusses deferred sales trusts, an estate planning strategy often used by the wealthy. He breaks down the benefits of using a DST, including deferring taxes, protecting the asset, and maintaining liquidity. Garrett shares his experience in helping people structure DSTs to maximize tax efficiency. He outlines some common pitfalls to avoid, such as overpaying for the trust and having enough assets to cover the cost of the trust. Finally, Garrett discusses how to use DSTs and other wealth strategies to help clients build long-term wealth. 

    [00:01 - 15:36] Opening Segment

    • Introducing Garrett to the show
    • Estate planning, asset protection planning, business planning, and tax planning

    [15:37 - 26:24] The Tax Engineering Component and Typical Client Base

    • How to reduce taxes through tax engineering
    • Garret shares his typical client range

    [26:25 - 42:26] Deferred Sales Trust

    • Saving on taxes by using a deferred sales trust
    • The trust is a completely standalone vehicle that is created by the trustee
    • The trust is going to purchase the asset from the seller
    •  The note holder does not have to pay the tax until the note matures

    [42:27 - 51:35] How to Leverage Seller Finance Deals with a Trust

    • There is no prepayment penalty in private seller finance deals, which can make it easier for the seller to take on the risk
    • How the deferred sales trust can be used as an alternative to a 1031 exchange

    [51:36 - 58:34] Closing Segment

    • Every transaction is structured differently
    • See the links below to connect with Garrett


    Quote/s:

    "What differentiates revenue? I would say from a particular strategy, they use life insurance very well. And it's a layering of strategies. It's not one silver magic bullet that's doing it all."


    I Help People Build Wealth And 10X THEIR MONEY By Establishing Multiple Income Streams Through Multi-Family Real Estate Investments.

    Our blueprint to financial freedom is streamlined so you can get going in multifamily commercial real estate investments fast. 

    Here's how:

    STEP 1

    Join

    Start by joining the 5 Talents Investor Club. A community of people just like you who are looking to grow their wealth and achieve their financial freedom.

    STEP 2

    Learn

    Once you join, we'll take some time to learn about you and our goals and share resources that will help you in your investment journey.

    STEP 3

    Invest

    We'll help you invest passively in multifamily real estate together in a group so you can create passive income and grow your wealth.

    STEP 4

    Relax

    Every investment builds additional streams of passive income, getting you one step closer to financial freedom.

    Connect with Garrett through LinkedIn, or visit www.legacytaxstrategies.com. Email him at [email protected].

    Connect with me:

    www.5talents.capital

    LinkedIn

    Instagram

    Watch 5T CRE on YouTube

    Leave us a review and receive your free ebook

    Email us --> [email protected]

    Support the show

    59 min

About 5 Talents Podcast - How To Build Wealth Through Real Estate

From the publisher's feed

Welcome to the 5 Talents Podcast - How To Build Wealth Through Real Estate. Your host Abel Pacheco interviews real estate investors, wealth managers, syndicators, operators, and other wealth…