RENT Magazine Q4'23

RETIRE FROM REAL ESTATE

You want to sell your rentals and retire completely from real estate. A 1031 won’t work for that, but a Deferred Sales Trust will. Sell today, defer taxes today and retire today with a larger pretax lifetime retirement income than if you paid taxes first. And everything can be passed on to your heirs and they can continue to receive the 5% cash flow from the trust for as long as they like. If, at some point in the future, you want to buy more property, that is certainly an option.

EVERYTHING CAN BE PASSED ON TO YOUR HEIRS AND THEY CAN CONTINUE TO RECEIVE THE 5% CASH FLOW.

DIVERSIFY YOUR INVESTMENTS

Another advantage over a 1031 is investment diversification. In a 1031, everything must be in the real estate basket. With the Deferred Sales Trust, we can diversify across investment assets such as stocks, bonds, fixed income, and yes, even more real estate. There are several additional opportunities that this trust can provide. If your property creates a federal estate tax burden, our attorneys may be able to take the property when selling out of your estate to reduce the federal estate tax burden to the family. Well, that’s the story. Help me come to your rescue and make John Wayne and “the boys” proud. I still don’t own a horse, but my car has a herd of horses under the hood.

To find out if a Deferred Sales Trust is right for you, call (713) 702-6401 for a complimentary consultation.

DAVID FISHER Founder and Tax Strategist Creative Real Estate Strategies (713) 702-6401 david@cresknowsrealestate.com

David studied accounting at the University of Texas and has been in the financial services profession since 1977. In 2010, David formed Creative Real Estate Strategies. Using his extensive background in insurance, investments, estate planning, taxes and charitable giving, David has been able to create numerous strategies that have helped his clients buy and sell millions of dollars of real estate in a more beneficial way than they might have otherwise done. David is a member of the Texas Alliance of Land Brokers, National Association of Realtors, Texas Association of Realtors and the Realtors Land Institute. He has held the designations of Chartered Life Underwriter (CLU) and Chartered Financial Consultant (ChFC) from the American College since 1985. He has also been securities registered since 1979.

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