Apr 20, 2020
We have a double feature for you today! Avery Carl wants to be your money-making vacation home realtor. I know this may not seem like the best time to be talking about this but the pandemic and the social distancing will not last forever. Eventually people are going to get back to work and get back to vacationing. And there will be some bargains in the vacation home market. Avery and her team will not only help you find your ideal vacation home - one you can use and rent out when you are not there - they will also help you connect with local resources to perform all of the management and maintenance of the unit and help you list it on AirBnB and VRBO. She provides this service at no additional charge to you. And that’s not all - she’s going to run the numbers for you and give you a bit of a proforma on the property as well. That’s coming up in a couple of minutes. Theshorttermshop.com.
Later on I’m going to speak with Brett Swarts about the Deferred Sales Trust. This is a little known but powerful tool you can put to work right away as part of your tax plan. This has several advantages over the standard 1031 exchange. It’s a bit more technical, but could save you tens of thousands of dollars on your next tax bill. Brett is the President of Capital Gains Tax Solutions, LLC, located in Sacramento, CA. (www.capitalgainstaxsolutions.com) Together with his team and in partnership with the Estate Planning Team, Brett provides trustee services which helps real estate and business owners gain tax deferral, freedom, liquidity and diversification with their funds so they can create and preserve more wealth.
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