Oct 21, 2019
In this episode of the Millionaire Mindcast, an amazing guest, Brett Swarts who shares information about Deferred Sales Trust, the tools and techniques that will create and preserve more wealth, and tips to attract high net worth. If you’re one of the people who want to have more time, travel, liquidity and pay off some debts through selling property, then this thing is for you!
Brett Swarts is an entrepreneur, real estate broker/investor, podcaster, a deferred sales trust educator/trustee, the Founder of Commercial Realty Apartment Advisors, and CEO of Capital Gains Tax Solutions - an educational platform inspires and helps business professionals like Venture Capitalists, Financial Advisors, Business Brokers, CRE Syndicators, and Realtors help their clients or partners execute a passive capital gains tax deferral wealth plan of their own. His experience includes numerous Deferred Sales Trust, Delaware Statutory Trusts, 1031 exchanges and $85,000,000 in closed commercial real estate brokerage transactions.
Swarts has been featured in various notable podcasts across the web, including The Best Ever Real Estate Podcast with Joe Fairless, Lifetime Cashflow through Real Estate Investing with Rod Khleif, Apartment Building Investing with Michael Blank, The Real Estate Espresso Podcast with Victor Menace, RE Investing for Cash Flow with Kevin Bupp, The Project Egg Show and many more. Brett is a guest speaker every year, who trains 100’s of business professionals at companies such as Marcus & Millichap, Keller Williams, Western International Securities, Multifamily Investing Academy & Equilus Financial Group, Inc.
Brett observed that most high net worth individuals, tech entrepreneurs, commercial or real estate owners struggle with capital gains tax in the amount of 30-50% of their gain when they sell their highly appreciated assets. Therefore, bring a solution and arrived at his mission to educate everyone on this area and empower them with the strategy so that they could use it to unlock capital not only tax-deferred. Therefore, people could create and preserve more wealth and can give more freedom to choose to allocate their money in alignment with their goals.
Together with this, Brett explains Deferred Sales Trusts and gives tips and something a way to differentiate yourself from all of the competition in the marketplace. For him, it’s important to not be focused on 1031 Exchange but look for options and find out what’s the why behind what you’re doing. Find out what’s best for you have given your current source of funds, given your current goals, and dreams. Aside from this, be cautious not to take on the dumb debt but take on the smart debt and have a clear business plan.
At this moment, Brett is happy with so much time and energy. Aside from having a successful business career, he is also giving value to his healthy - body, mind, and spiritual being. Brett makes sure everything is balanced and stays focused on what’s most important. Trying to be more passive with his estate deals and gives importance to taking care of his kids and wife. Brett believes that marriage and family are the two best things that God has given to us.
Some Questions I Ask:
In This Episode, You Will Learn: