Delaware Statutory Trust (DST) Tax Advantaged Exit Strategies For Your Investments In Real Estate

Join us for another episode of Tax Loopholes of the Rich, where we discuss the Delaware Statutory Trust (DST), 1031 exchange, and more advanced tax strategies for investors who are looking at selling their assets. We discuss how to think about advanced tax strategies and what you goal "should" be. 

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Consider Betterment.

It doesn’t cost much to start, and you get access to a portfolio built around your risk tolerance and your goals. Using Modern Portfolio Theory, pioneered by a Nobel laureate, Betterment can help you build wealth without getting caught up in the noise of the market.


Today's Guest:  Jason Salmon

Jason brings 20 years of commercial real estate and financial advisory experience to Kay Properties and Investments. He specializes in tax-advantaged exit strategies and estate planning solutions—working with property owners on their 1031 exchange transactions. Jason has expertise in identifying real estate investments across multiple sectors and takes pride in giving clients access to opportunities via the company’s diverse platform.

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Money Honey Rachel Richards – Retire Early With Passive Income

Money Honey Rachel Richards retired at age 27 with a $15,000 per month passive income stream. Do you feel lazy yet? I know I do after hearing that. Find out how she did it and how you can too. Don't worry if you are 28, 35, or 60 years old, the principals she talks about are just as applicable at age 60 as they are at 25. Learn the secrets to her success on this week's show.


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Today's Guest:  Rachel Richards

 Only 27 years old, former financial advisor Rachel Richards has made a name for herself in the personal finance realm. In 2019, Rachel quit her job and retired, with over $10,000 per month in passive income! She is the bestselling author of “Money Honey” and “Passive Income, Aggressive Retirement.” She has been featured on the Penny Hoarder and the New York Times and has been contracted to speak at colleges. Rachel is also a real estate investor with 35 rental units. Her valuable money lessons have helped thousands of millennials work their way out of financial despair. She has successfully done what no one has done before: made the topic of money management fun, entertaining, and simple!

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Investing in Small Businesses For Profit

This week we interview dealmaker Carl Allen about how he has worked on over 330 transactions to acquire companies. We discuss what to look for if you are investing in small businesses, what to avoid, how to find the best deals, and how to create value instantly when you buy. Join us this week to learn how to build wealth outside of your W2 income.


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Today's Guest: Carl Allen

Carl Allen is a world-class entrepreneur, investor and corporate dealmaker who has worked on more than 330 transactions worth close to $48 billion. 

In his nearly 30-year career, Carl has analyzed thousands of businesses big and small in 17 different countries across nearly every business sector, including technology, pharmaceuticals, transport and logistics, engineering, manufacturing, aerospace, consumer goods and services, business services, retail, professional services, finance, packaging, and corporate clothing. 

Carl first earned his reputation during his 16 years on Wall Street working for Bank of America, Hewlett-Packard, Forrester, and Gartner. There he advised some of the world’s largest corporations on investments, mergers, acquisitions, disposals, and restructuring... and helped hundreds of business owners raise both equity and debt financing. 

Until he almost missed the birth of his second son… 

That’s when Carl quit the rat race and began brokering (and eventually buying) businesses for himself. Today he is considered one of the world’s premier experts on buying and financing small business acquisitions. 

Carl founded Dealmaker Wealth Society (formerly Ninja Acquisitions) because he believes starting a business from scratch is certifiably, BATSH*T CRAZY! He wanted to use his highly specialized skill set to help others realize their dream of self-employment didn’t have to be a long, hard, up-all-night slog with a 96% failure rate in 10-years*. 

Today he’s helping thousands of entrepreneurs all over the world buy existing, profitable small businesses that will immediately put money in their pockets. And best of all — he teaches them how to do this without using a dime of their own capital!

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Wall Street Banking Secret #3 Revealed… Learn How Investing In Tax Liens Get You High Yields In A Low Yield Environment

This is one of Kirk's favorite asset classes. Learn why he loves investing in tax liens and you should too.

This week we interview an industry insider, Joanne Musa, about why investing in tax liens is a secret way to wealth. We discuss where you can find the best tax liens, the best states to consider, the risks and rewards, what you need to know to be successful, and why some of the largest Wall Street banks don't want you to know about it.

Is Investing In Tax Liens Right For You?

By Joanne Musa, the Tax Lien Lady®

Investing in tax liens used to be something that only the wealthy knew about and took advantage of. For decades it was a little known, high yielding investment vehicle. All of this has changed in the past couple of decades as more and more people have become aware of the high yields and minimal risk of investing in tax lien certificates. Many have been told about the benefits of investing in tax lien certificates but are not sure if it’s really something that they can do.

Tax lien certificates are an attractive investment for the person just starting out with little to invest because you don’t need thousands of dollars to get started, and you don’t have to pay any brokerage fees. There are drawbacks, however. You almost need to be an expert to invest profitably. This is something that you need to be able to devote some time to. It’s not like you can call your broker and tell him to buy some tax liens for your portfolio.

Tax lien certificates are sold at tax sales that are conducted by a county or municipal official. These sales are usually held as auctions in most states are only once a year. There are a few states with counties that hold tax sales quarterly or even once a month. To invest successfully, you need to find out when and where these tax sales are held, research the properties in the sale, and in many states, physically attend the auction to bid on properties.

What Happens When You Purchase A Tax Lien?

Successful bidders are issued a document, either a tax sale certificate or tax deed. Sometimes the document needs to be recorded with the county clerk (in some states you do not need to record the lien). You are also responsible for maintaining accurate records and submitting the proper documents to safeguard your investment. Some states like Florida and Arizona, that have online auctions, do not issue tax lien certificates, but keep them on file in the county treasurer’s or county tax collector’s office.

If you have the time to spend investigating properties and you enjoy the challenge of learning something new, then perhaps investing in tax lien certificates could be a good way for you to grow your wealth without the typical risks of the stock market or conventional real estate investing. If, however, you don’t have the time to spend researching properties and finding out about tax sales, then this is probably not the right investment vehicle for you.

Another thing you want to consider is your location. Some states do not sell tax liens, and if you do not live in a state that has tax lien sales, you may have to spend a considerable amount of money traveling to tax sales in order to buy tax lien certificates. Although some counties have online auctions or sell tax liens through the mail, you still need to research the tax sale properties before you place a bid. If you don’t, you could end up buying a tax lien certificate on a worthless piece of property and losing money.

How To Get Started

The first thing you need to do is find out where and when the tax sale is held and get all the information you can about the tax sale.  You’ll need to get the list of properties being sold in the tax sale. You also need to know the rules and procedures for the tax sale. This is sometimes published online on the tax collectors or county treasurer’s web site. The rules and procedures for the sale are quite different for each state, and sometimes even for each county within a state. Not knowing the rules and procedures, or not following them, can cost you!

You will have to do some research on the parcels that are in the tax sale to determine which ones to bid on. You can check the tax records to find out as much information about each property as you can. There are websites like Zillow.com and Trulia.com that you can check to estimate the market value and get an idea of the neighborhood for each property that you plan to bid on. For tax deeds, you will want to do some type of title search to check for liens or judgments that might survive the tax sale. For vacant land (both liens and deeds) you’ll want to check any zoning laws to make sure that the property is buildable.

Your next step is to prepare for bidding at the tax sale. You’ll need to complete a w-9 form for tax lien and redeemable deed sales, so either have one completed and bring it with you to the sale, or have your tax ID number (social security, ITIN, or EIN #) ready. Depending on which type of tax sale (deed, lien, or redeemable deed sale) that you’re going to, you may also need to fill out a bidder information form, or an affidavit stating that you don’t owe any property tax in that taxing district.

Once you’ve done all your homework, you’re prepared to bid at the tax sale! If you need help with the steps to follow to get ready for first tax sale, or you want more information on what a tax lien is, or the difference between a tax lien, a tax deed, and a redeemable tax deed, you can get a free report on the 7 Steps to Building Your Profitable Tax Lien Portfolio..


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Looking for a better way to invest? 

Consider Betterment.

It doesn’t cost much to start, and you get access to a portfolio built around your risk tolerance and your goals. Using Modern Portfolio Theory, pioneered by a Nobel laureate, Betterment can help you build wealth without getting caught up in the noise of the market.


Today's Guest:  Joanne Musa

The problem: You want to get higher return on your money than you can in money market account or bank CD, but you don’t want to risk your savings in speculative investments, and you don’t have time for real estate investing. You want to do something with your money, but you don’t know what, so it’s just sitting in a non-performing account making next to nothing. Or maybe you have invested in speculation and lost some of your retirement funds. That's the bad news. 

But what if there was a way you could invest your money for high returns without shelling out a huge percentage of interest earned for fees, and you could do it without unnecessary risk and without tenants, toilets, termites, or negotiating deals? Here’s the good news! There is a way for you to invest your money safely for high returns... and the Tax Lien Lady, Joanne Musa, can show you how. 

In the last 10 years, Joanne Musa, known online as The Tax Lien Lady, has helped thousands of investors around the world to buy profitable tax liens and tax deeds with her step-by-step system.  

Best of all, her easy-to-implement training programs have now helped people from all walks of life take control of their financial situation and their retirement. 

Fasten your seatbelt because you are about to learn how to use a strategy for investing that has been carefully guarded by wealthy investors for decades! 

Please help me welcome Joanne Musa, the Tax Lien Lady.

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Today's Panelists

Mobile Home Park Investing – Digging For Gold In A Trailer Park

This week we discuss mobile home park investing with Jefferson Lilly. Think you are too high-brow for this type of investing? You might want to take another look. We discuss the ins and outs of investing in mobile home parks, how technology improves your odds of success, and the importance of location. This was an eye-opener of an interview.


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Today's Guest:  Jefferson Lilly

Jefferson is a mobile home park investment expert and educator. He is the founder of Park Avenue Partners, a private equity real estate fund that acquires and operates mobile home parks nationwide. His investment funds are returning 8% - 15% cash annually to Limited Partners. Both personally and through his partnerships, Jefferson has acquired 25 MHPs in 13 states since 2007 totaling over $56MM in value. He started the industry’s first MHP podcast and the largest group on LinkedIn dedicated to investing in mobile home parks. Prior to beginning to manage investors’ money in 2014, Jefferson spent seven years investing his own capital in mobile home parks and consulting to high-net-work families with interest in the manufactured housing industry. Jefferson has been featured in the New York Time, Bloomberg Magazine, and on the Real Money television show. He holds a B.A. from the University of Pennsylvania and an MBA from the Wharton School of Business.

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Venture Capital Investing: Wall Street’s Secret Club They Don’t Want You To Join

We interview venture capital investing expert Carey Ransom about why you should consider venture capital in your portfolio and why you shouldn't. Its not just for the wealthy. We discuss, why venture capital investing is broken, how to value investments, why due diligence is important and more.


venture capital investing carey ransom


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Looking for a better way to invest? 

Consider Betterment.

It doesn’t cost much to start, and you get access to a portfolio built around your risk tolerance and your goals. Using Modern Portfolio Theory, pioneered by a Nobel laureate, Betterment can help you build wealth without getting caught up in the noise of the market.


Today's Guest:  Carey Ransom

Carey Ransom is a technology entrepreneur, executive, investor and advisor, and has started, grown and/or led 8 B2B and consumer technology companies during startup and growth phases. He is currently the President of OC4 Venture Studio, a new SoCal-focused venture studio where he and his team invest themselves and capital into founders of data-centric SaaS startups. He’s also host of a show/podcast featuring SoCal innovators, entrepreneurs and leaders. Since 2003 and before OC4, Carey invested in 12 of his own or angel-funded others’ ventures, with a current IRR of 25%+ (unrealized). Most of these ventures are SaaS, fintech or data/analytics companies. Prior to OC4 he was COO at Aspiration, the leading “consumer financial firm with a conscience,” where he led the firm’s growth from 40 to 150 people and the build out of infrastructure and approval as a FINRA-regulated broker-dealer. Previously, he was Chief Product & Innovation Officer of Experian’s Consumer Services business, where he led the new portfolio of consumer credit, financial and identity products, as well as partnerships across other Experian business units. He was also CMO and Chief eXploration Officer (CXO) of Payoff, a venture-backed consumer fintech company, where he recruited and built most of the team from 6 people to over 100, led new initiatives and strategic partnerships, and launched Payoff’s core consumer lending business. Before Payoff he was CEO at RealPractice, a venture-backed SaaS company, which he sold to ReachLocal (RLOC). Carey's over 20-year career spans executive roles in product, marketing, business development, strategy and corporate development. Prior to RealPractice, he was VP Business Development at Brand Affinity Technologies (BAT), an Internet advertising and celebrity endorsement business. Carey was VP Marketing and Corporate Development at WebVisible, forging new partnerships with companies such as AT&T, American Express and Microsoft, creating new lines of business, and helping WebVisible more than triple its revenue during his tenure. While at MessageRite (acquired by Frontbridge Technologies), Carey was VP Sales and Marketing, leading the online compliance and security start-up’s business, which was eventually acquired by Microsoft. Carey is active in the Southern California startup and investment community, and is a long-time board member of OCTANe and advisor to the CEO Leadership Alliance of Orange County (CLA-OC). He has recruited and hired nearly 500 people in the last 15 years here, and passionately believes in purpose, culture, talent and timing as key ingredients to successful companies. He has frequently spoken at financial technology, software and online media conferences such as SaaStock, Recurring Revenue, AltFI, Innovation Project, Frost & Sullivan and IMA. Carey is an MBA graduate of the UCLA Anderson School of Management. In addition, he holds a B.A. in Economics from Indiana University. His real education, though, was growing up in a multi-generational retail family business.

Carey's Online Reference


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Black Swans: The US Pension Crisis: Abandonment of the Pensioner Interview with Rob Arnott

This week we interview Rob Arnott, Chairman and founder of Research Affiliates. We discuss his most recent paper, The COVID-19 Crash and the Abandonment of the Pensioner. He is on my must read list of investing writers.

We discuss why the US Pension Crisis is such a huge problem, how COVID exasperated the problem, the state of the states pension obligations, which states are well off and which are in trouble, and the possible solutions to solve the problem.

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"In investing, What is comfortable is rarely profitable."     - Rob Arnott

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It doesn’t cost much to start, and you get access to a portfolio built around your risk tolerance and your goals. Using Modern Portfolio Theory, pioneered by a Nobel laureate, Betterment can help you build wealth without getting caught up in the noise of the market.


Today's Guest:  Rob Arnot

Rob Arnott is the founder and chairman of the board of Research Affiliates, a global asset manager dedicated to profoundly impacting the global investment community through its insights and products. He has been referred to as the "Godfather of Smart Beta" for his pioneering work on "The Fundamental Index." Rob has published more than 130 articles in such journals as the Journal of Portfolio ManagementHarvard Business Review, and Financial Analysts Journal, where he also served as editor in chief from 2002 through 2006. In recognition of his achievements as a financial writer, Rob has received seven Graham and Dodd Scrolls, awarded annually by CFA Institute to the top Financial Analysts Journal articles of the year. He also has received four Bernstein Fabozzi/Jacobs Levy awards from the Journal of Portfolio Management. He is co-author of The Fundamental Index: A Better Way to Invest (Wiley 2008).

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Investing in Raw Land… The Simplest Form Of Real Estate Without The Headaches – Mark Podolsky

This week we interview the Land Geek, Mark Podolsky. We discuss investing in raw land as a professional investor, the pros and cons, and how you can make money investing in raw land. I've always been curious about how people make money investing in raw land, and Mark was not shy about sharing his secrets. Join us this week to listen in about investing in raw land 101.


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Looking for a better way to invest? 

Consider Betterment.

It doesn’t cost much to start, and you get access to a portfolio built around your risk tolerance and your goals. Using Modern Portfolio Theory, pioneered by a Nobel laureate, Betterment can help you build wealth without getting caught up in the noise of the market.


Today's Guest:  Mark Podolsky

Mark J. Podolsky (AKA The Land Geek) is widely considered the country’s most trusted and foremost authority on buying and selling raw, undeveloped land within the United States. For almost two decades, Mark has been actively investing in real estate and raw land, and has completed over 5,000 unique transactions.


Mark’s company, Frontier Equity Properties, LLC, is an A+ rated BBB real estate company. Mark has achieved this level of success largely due to his core business philosophy – “Happy Customers Guaranteed.”


Mark is the host of one of the top rated podcasts in the Investing Category on iTunes aptly titled The Best Passive Income Model and The Art of Passive Income.

He is also the host of the Land Geek Podcast- Work Smart. Earn More. Learn How.

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Investing At A Young Age… Inspiring Younger Investors With Caleb Gulliams

You are only young once. Yet your investing decisions early on are extremely important to get right if you want to retire wealthy. We discuss sacrificing today vs tomorrow. why compounding is important to growing wealth and more...

investing at a young age

US Median Income

median income 2020


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Looking for a better way to invest? 

Consider Betterment.

It doesn’t cost much to start, and you get access to a portfolio built around your risk tolerance and your goals. Using Modern Portfolio Theory, pioneered by a Nobel laureate, Betterment can help you build wealth without getting caught up in the noise of the market.


Today's Guest:  Caleb Guilliams

Caleb Guilliams is the founder and CEO of BetterWealth, a company committed to showing people how to have efficiency and control over their money today while maximizing their future wealth potential.


At an early age, Caleb read every financial book he could get his hands on and was fascinated with the idea of ordinary people being able to achieve extraordinary wealth.

While still in college, he was promoted to take over the entire investment division at a local community bank where he committed to finding a better way to wealth for his clients. He traveled across the country for over two years learning from top financial experts. He eventually discovered proven strategies and principles that can empower anyone to create and protect real wealth.


Caleb is one of the youngest leaders in the industry and is quickly becoming The New Face of Finance. Excited to share and impact as many lives as possible, Caleb authored The AND Asset, hosts the BetterWealth Podcast and speaks around the world. He has a true passion for financial education and is on a mission to help people see and reach their highest potential.

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Learn The Secrets of Money Through Storytelling – Mesh Lakhani

This week we interview an unorthodox investor... A self-taught investor with a gift for uncovering the secrets of money through storytelling. We discuss some of his early lessons of investing and what he has learned without working on Wall Street or going to business school.


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Looking for a better way to invest? 

Consider Betterment.

It doesn’t cost much to start, and you get access to a portfolio built around your risk tolerance and your goals. Using Modern Portfolio Theory, pioneered by a Nobel laureate, Betterment can help you build wealth without getting caught up in the noise of the market.


Today's Guest:  Mesh Lakhani

I'm an investor with a passion for making business education straightforward and entertaining. I didn't study business or finance in school — and I never worked on Wall Street — but I’ve been a student of investing since the height of the financial crisis in 2008. I was lucky to learn from incredible people who shared their knowledge with me. In 2016, I co-founded Mark 2 Capital (Mk2C), an alternative credit fund that invests in new financial technology companies. I've made personal investments in companies including Teachable, Latch, Carta, HiFi, and Upstack, and am also an LP in funds including Notation Capital, Electric Capital, Maple VC, and Blocktower Capital.

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