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THE REAL ESTATE TAKEOFF
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When you sell your multifamily property you are taxed on the profits that the sale generates. That tax is called the capital gains tax and is usually 15%. It’s a hefty tax to pay and will capture a pretty sizeable chunk of your profits. So what are some strategies to avoid paying this tax? Many have heard of the 1031 exchange, which can work is certain situations, but few have heard of the deferred sales trust.
Our guest Brett Swarts is a deferred sales trust expert, capital gains tax deferral expert, investment real estate expert, multifamily broker, and the founder of Capital Gains Tax Solutions – a company helping people to defer capital gains tax on the sale of their highly appreciated assets, eliminate the need for a 1031 exchange, and free up their time so they can create & preserve more wealth.
He created ‘Capital Gains Tax Solutions‘ to equip high net worth individuals and their trusted advisors with the deferred sales trust tool to help them solve capital gains tax deferral limitations. The first step to a great exit plan is a flexible plan to get out of debt, defer your tax, diversify and then purchase assets at optimal timing, while having liquidity and diversification all tax-deferred.
You don’t like paying taxes, so you don’t want to miss this show!