In this episode of Planning Reimagined, Celeste, Michael, and Kris are joined by Jeff Bermis, Co-Founder of 1031 Specialists, to discuss wealth management through real estate and the intricacies of 1031 exchanges for tax deferment. They unravel the complexities of swapping investment properties, the evolution of Delaware Statutory Trusts, and the potential benefits and trade-offs of liquidity versus investment growth.

They also talk about the realities of managing family-owned real estate assets and why having the right team is crucial. In addition, they compare UPREITs and DSTs, breaking down the benefits, challenges, and considerations for smaller portfolios looking to engage with REITs.

They also discuss how 1031 exchanges operate, the critical role of a qualified intermediary, and the strict timelines investors must follow for a successful exchange. In addition, they compare the concerns of many individuals managing extensive asset portfolios, and Jeff offers his expertise, emphasizing the necessity of early and strategic planning.

To learn more about Robin Glen, visit: RobinGlen.com

To connect with Jeff, email at https://www.1031specialists.com.

To schedule an appt, visit: 

Topics Discussed

• Understanding Real Estate Ownership Transitions
• Mechanics of a 1031 exchange and its benefits
• Wealth Creation and Estate Planning
• Transitioning from Active Real Estate Management
• Navigating Complexity and Tax Implications in Real Estate Transactions
• Logistics of a 1031 Exchange with DST
• UPREIT Structures vs. DST
• Engagement with REITs and Accessibility for Small Portfolios