Summary

In this episode of the Retired Real Estate Investor podcast, host Brandon Bruckman, co-host Joshua Wright, and guest John T. Christy, CFP® discuss the unique financial needs of real estate investors. They explore the common pitfalls that investors face, the importance of holistic financial planning, and the critical role of estate planning. 

The conversation emphasizes the need for real estate investors to integrate their investment strategies with tax planning and to consider their legacy and exit strategies as they build their portfolios. The episode highlights the often-overlooked aspects of financial advising for real estate investors and the importance of planning for the future. In this conversation, the speakers delve into the complexities of estate planning, sharing personal anecdotes and professional insights. They emphasize the importance of early planning, the challenges posed by complicated estates, and the necessity of strategic partnerships in navigating these issues. The discussion highlights real-life examples of messy estates and the emotional toll they can take on families, underscoring the need for clear communication and proactive planning.

In this episode, Brandon Bruckman interviews Ana Klein, a tax strategist specializing in real estate and founder of AKK Tax and Accounting. They discuss the importance of tax strategy for real estate investors, the differences between a tax strategist and a CPA, and how to engage with a tax strategist throughout the year. Anna shares insights on the strategies wealthy clients use to build wealth, the significance of real estate professional status, and the benefits of estate planning. They also touch on the challenges of IRS audits, the advantages of a virtual business, and the value of life coaching for business leaders.

In this conversation, Whitney Sewell shares his journey from military service to becoming a successful real estate investor and entrepreneur. He discusses the challenges he faced in his early career, the impact of his adoption journey on his family and business, and the importance of strategic reflection in making significant life decisions. Whitney also highlights the transformative role of podcasting in expanding his network and growing his business, LifeBridge Capital, which focuses on multifamily real estate investments and supporting adoption efforts. In this conversation, the speaker reflects on the challenges faced in the real estate market over the past couple of years, emphasizing the importance of sticking to core investment principles. They discuss recent shifts in market dynamics, the significance of strategic market selection, and the need for steady returns for investors. The conversation also highlights the importance of team culture, community engagement, and personal growth through influential literature. The speaker shares insights on exit strategies and the value of supporting families and investors alike.

In this episode, Brandon Bruckman interviews Mike Finger, a seasoned entrepreneur and business coach, who shares his extensive experience in buying, selling, and operating small businesses. Mike discusses the common pitfalls small business owners face when preparing to sell, the importance of understanding seller discretionary earnings, and the realities of passive income in business ownership. He emphasizes the need for owners to prepare their businesses for sale well in advance and provides insights into the buyer's perspective, including the significance of operational efficiency and the mindset required for successful business transactions.

In this episode, Brandon Bruckman welcomes back Ruben, who shares insights into his evolving career in real estate and capital raising. Ruben discusses his transition from traditional real estate syndication to a debt fund model focused on student loans. He elaborates on the challenges of building a subdivision, the current state of capital raising, and the importance of marketing in attracting investors. The conversation also touches on the motivations of investors and the altruistic aspects of Ruben's business model, which aims to help borrowers while providing returns to investors. This conversation delves into the intricacies of debt, banking, and the dynamics of registered investment advisors (RIAs). It explores how banks operate, the nature of student loans, and the challenges of finding suitable RIAs for alternative investments. The discussion also touches on the importance of spiritual philosophy in business, emphasizing peace and ethical behavior as key components of success. The conversation concludes with practical advice for capital raisers and resources for further learning.

In this episode, Brandon Bruckman interviews Eric Oliver from Cost Segregation Authority to explore the intricacies of cost segregation and its benefits for real estate investors. They discuss how cost segregation allows for accelerated depreciation, the reasons why CPAs may not handle these studies, and the importance of identifying suitable properties for cost segregation. The conversation also covers the flexibility of timing for these studies, the implications of current tax laws, and the impact of the CARES Act on energy efficiency credits. Eric emphasizes the need for collaboration between investors and their CPAs to maximize tax savings.

In this episode of the Retired Real Estate Investor podcast, host Brandon Bruckman and co-host Julia Fritzlen welcome Justin Shore from Hall CPA to discuss the complexities of real estate taxation. They explore the importance of specialized CPAs for real estate investors, the nuances of depreciation and recapture, and the various exit strategies available, including 1031 exchanges and Delaware Statutory Trusts. The conversation also covers the tax implications of REIT redemptions and emphasizes the need for thorough planning and understanding of tax strategies in real estate investing.

Emma Powell, founder and chief investment officer of Rise Capital Investments, shares her journey from being a stay-at-home mom to becoming a real estate investor and entrepreneur. She discusses the challenges of finding fulfilling work after achieving a goal and the frustration of job offers that didn't match her qualifications. Emma explains how she started investing in smaller rentals and eventually formed a capital raising company. She also talks about the importance of finding purpose and positive drama in retirement and the value of joining mastermind groups. In this conversation, Emma Powell discusses the value of investing in high-priced masterminds and the alternative options available. She shares her experience of investing in joint ventures and hard money loans as a way to network and learn from experienced individuals. Emma emphasizes the importance of finding specialized masterminds that focus on specific skills and the value of learning from failures. She also discusses the current state of the real estate market and the need for a process and long-term perspective when investing.

In this episode, host Brandon Bruckman interviews Darcy Marler about his experience in real estate development. Darcy shares his background in IT and how he transitioned into real estate. He discusses his early experiences with flips and rentals and the challenges he faced. Darcy emphasizes the importance of matching your real estate strategy to your personality and preferences. He explains the different steps involved in development, including paperwork, land preparation, and building. Darcy also highlights the value of focusing on smaller projects and the obsolescence of older properties.

In this episode, welcome Tilden Moschetti, Esq., a legal expert in real estate syndication and fund management. Tilden shares his journey into the industry and provides insights into the structure and regulations of syndication deals. He emphasizes the importance of trust between syndicators and investors and highlights the rules and regulations that govern syndication offerings. Tilden also discusses different structures, such as REITs, funds, and DSTs, and provides advice for sponsors on fee structures and investor communication.

Stuart Heath, CEO of Harvard Grace Capital, shares his journey as a real estate investor and discusses the transition from residential to commercial properties. He emphasizes the importance of cash flow and the role it plays in surviving and thriving in the real estate market. Stuart also discusses the different types of office spaces and their viability in the current market. He highlights the importance of tenant mix and the stability of medical office spaces. Stuart shares his insights on deal flow, underwriting parameters, and the potential for liquidity in real estate investments.

Brandon Burns, a qualified intermediary in the 1031 exchange space, shares his unique background and expertise in helping real estate investors navigate the exchange process. He emphasizes the importance of understanding the IRS rules and regulations, such as the time component and the need to replace the value of the property.

Tom Dunkel, Chief Investment Officer at Belrose Storage Group, shares his journey from being a miserable landlord to building a successful self-storage business. He discusses his background in corporate America and how he transitioned into real estate after getting fired from his corporate job. Tom explains the process of acquiring self-storage facilities and the importance of finding value-add opportunities in growing markets. He also highlights the use of dynamic pricing and the shift towards attracting commercial storage customers. Tom emphasizes the strong demand for self-storage and the stability of the industry, making it an attractive investment option.

In this episode, Shawn Terrell, President of United Country Auction Services, discusses the role of auctions in the real estate industry, particularly in the context of farmland and rural land. He explains the history of auctions and their significance in the farming and ranching communities. Shawn also highlights the differences between farmland auctions and residential auctions, emphasizing the strong presence of auctions in the farmland market. He discusses the advantages and disadvantages of auctions compared to traditional brokerage sales, including the potential for better prices and the need for thorough property inspections. Shawn also touches on the shift towards online auctions and the importance of financing in auction transactions. Finally, he shares insights into the future of the real estate industry and the role of United Country in supporting agents and brokers in non-urban America.

Walter Johnson, Founder & CEO of Sonos Capital, discusses his focus on mobile home parks and the opportunities they present. He explains that mobile home parks offer affordable housing and have a lower default rate compared to other commercial properties. Johnson emphasizes the importance of cash flow and the value of income-producing properties. He also discusses the challenges of expanding mobile home parks and the stigma associated with them. Johnson shares his plans for a reality show that showcases the transformation of mobile home parks and his upcoming book titled 'Don't Retire,' which encourages people to stay active and engaged in their work.

Victoria Maidhof, owner and CEO of Victory Properties and Asset Management, shares her background in real estate and property management. She discusses the different approaches to property management and the importance of finding a middle ground between being strict and empathetic. Victoria provides tips for hiring a property management company and highlights the services offered by Victory Properties. She also discusses the timeframe for assessing and implementing property improvements and emphasizes the importance of consistency in property management. Victoria encourages landlords to communicate with their tenants and address issues promptly. She concludes by sharing her contact information for those interested in reaching out to her.

Welcome to the Retiring Real Estate Investor podcast! In this episode, Brandon interviews Jeff Bemis, a 1031 exchange specialist. Jeff shares insights into the challenges and opportunities within the 1031 exchange space, focusing on innovation and client-centric approaches. The conversation touches on the role of qualified intermediaries (QIs) and highlights Jeff's expertise from another podcast episode at Insight Investment Advisers, discussing the unregulated nature of QIs and the importance of transparency.

In this episode, Brandon is joined by Fred Moskowitz, an alternative investment expert, to explore the world of note investing—a strategy focused on buying assets for cash flow. They discuss active and passive approaches to note investing, where the former involves hands-on engagement, while the latter allows investors to leverage managed note funds.

In this episode of the Retiring Real Estate Investor podcast, host Brandon Bruckman and Ian Lang from Lock Funds discuss oil and gas investments, focusing on mineral rights. They explore distinctions between mineral rights and working interests, emphasizing the passive nature of minerals and discussing lease negotiations. The hosts highlight the variability of royalties, state regulations, and the 1031 exchange eligibility of mineral rights.