Posts tagged "trust"

JC 102: Senior Living + Helping the Family with Phillip Vincent

November 11th, 2020 | no comments

Welcome to Mom’s House.

As a St. Louis native, Phillip’s passion is cheering on the Cardinals baseball and Blues hockey teams. When he’s not watching sports or with his family, Phillip is helping other families solve big problems. He started his career as a home builder and developer and transitioned to buying houses from seniors or the adult children.

Over the last 22 years, Phillip has bought hundreds of houses and has a passion for working with families; his sellers love him! There isn’t much he hasn’t seen, so creativity and care are his go-to when it comes to buying houses and helping families solve some of their biggest problems. His entrepreneurial spirit and commitment to making the home selling process easier for seniors led him to create the nationwide network of Mom’s House Certified Buyers.

Phillip has two young sons, Drake and Sterling, and a super wife, Melissa, who is all he could have ever dreamed of. (Well, except maybe his lifelong dream to one day own the St. Louis Cardinals baseball team. #baseballnut) He is an avid tennis player and also loves playing hockey with his two boys. Phillip volunteers for multiple charities, including Brace for IMPACT 46, an organization that supports youth programming in both St. Louis and Haiti, and Special Spaces, which builds custom rooms for terminally ill children suffering from cancer.

Phillip Vincent joins John Carney today in The Real Estate Locker Room to discuss investing in real estate and how to help as many people as you can.

Key Points:

  1. Real Estate investing is about collaboration and building your team.
  2. Mom’s House: A trusted group of investors. The Senior living industry is about trust and collaboration during a stressful time. You have to build trust in this industry to be successful.
  3. Senior living investments is solving problems for the senior living industry and taking the burden off the family.
  4. Senior living is recession proof.
  5. People to work within the senior community: Proprietor, Director, Finance Director, Marketing Person, Social Worker, Placement Agent, Aid and Attendance Benefits, & Elder Care Lawyer.

Favorite Sports:

  • Baseball

Favorite Books:

Pro tip:

  • Understand leverage. Find someone who is already doing what you want to do and learn from them.

Reach Out to Phillip Vincent

Thank you, Phillip Vincent for taking the time to share senior living investing with the audience.

Listen to all the episodes of The Real Estate Locker Room Show and sign up for my FREE monthly newsletter at www.johncarneyonline.com

Connect with John Carney
Facebook: @JohnCarneyOnline
Twitter: @John_M_Carney
Instagram: @johnm_carney

© John Carney 2020

JC 092: Capital Gains Tax Solutions with Brett Swarts

June 10th, 2020 | no comments

Understanding the Deferred Sale Trust.

Brett Swarts is an entrepreneur, deferred sales trust expert, investor, podcaster, and multifamily broker. His leadership roles include serving as the Founder of Capital Gains Tax Solutions, Commercial Realty Apartment Advisors, and the Capital Gains Tax Solutions podcast.

Brett leads a team of extraordinary people at his companies. He serves ultra high net worth clients and enables them to create and preserve their wealth through real estate investment. Brett leads clients through a wealth preservation process by leveraging the optimal timing capital gains tax deferral structure known as The Deferred Sales Trust. Its purpose is to help individuals escape feeling hostage to the 1031 exchange and 30-50% capital gains tax when they sell their highly appreciated real estate assets.

By focusing on the timeless aspects of being the guide, Capital Gains Tax Solutions’ educational platform helps high net worth individuals and their trusted advisors who help them execute a passive/active capital gains tax deferral wealth plan of their own.

Brett Swarts joins John Carney today in The Real Estate Locker Room to advise us on how to create and protect your wealth.

Key Points:

  1. Clarify your vision of what you want your wealth plan to be.
  2. There are alternative ways for wealth transformation that doesn’t involve a 1031 exchange.
  3. Deferred Sale Trust: Transforming money from one generation to another while getting out debt by diversifying their wealth. It can allow you to get the full depreciation of the property allowing you to obtain and preserve more wealth.
  4. Optimal timing will let you sell high, wait, and then buy low when the market shifts. It’s important to know the legality and track record behind the “installment sale”.
  5. The key is getting a team of professionals that can help you execute the business plan.

Favorite Athlete:

  • Basketball

Favorite Athlete (s):

  • Michael Jordan
  • Lebron James

 Favorite Books:

Pro tip:

  • Practice The Miracle Morning: read the bible, meditate, exercise and journaling. 

Resources Mentioned:

 Reach Out to Brett Swarts

Thank you, Brett Swarts for taking the time to share your wealth planning solutions with the audience.

Listen to all the episodes of The Real Estate Locker Room Show and sign up for my FREE monthly newsletter at www.johncarneyonline.com

Connect with John Carney
Facebook: @JohnCarneyOnline
Twitter: @John_M_Carney
Instagram: @johnm_carney

© John Carney 2020

 

 

 

JC 071: Charging into the World of Finance with Bruce Mack

July 17th, 2019 | no comments

Empowering Small Business Growth Through Creative Funding Opportunities

Bruce Mack, owner and founder of Platinum Financing Group (additionally Platinum Trust Group), knows that his funding options and asset protection programs are the perfect solution for all business owners to achieve complete financial freedom. As a licensed financial advisor and former owner of a licensed and bonded credit repair company, Bruce empowers small business growth through customized funding options, including lines of credit, corporate credit building programs, and more. He’s especially passionate about educating clients on asset protection and the tax mitigation benefits of his unique, specialized Business Trust.

Bruce Mack joins John Carney today in The Real Estate Locker Room and shares his expertise on how to help you find the right funding option for your business. Tune in and learn how to protect your assets and mitigate your taxes.

Five Key Points:

  1. Preparation is everything. If you don’t plan to succeed, then you’re planning to fail.
  2. Envision and look at and think about your goals every day. This is a perfect way to make your dreams to become a reality.
  3. Two big needs of real estate investors are 1) getting the money and 2) keeping the money. Asset protection is very important.
  4. Single Member LLC or Partner LLC can be pierced and are not your saving grace. You need to focus on protection.
  5. Get a specialized type of trust that has unyielding asset protection and tax mitigation. If you are a “dealer” you will have to pay an unemployment tax. However, if you sell the assets to your trust, you cannot be cast as a “dealer”.

Favorite Sports:

  • Skiing

Favorite Athlete:

  • Rudy Ruettier 

Favorite Books:

Pro tip:

  • If you are not passionate about something or you don’t love it, move on. Find something that is your passion and then absolutely focus on it. Don’t let anyone dissuade you and steal your dream. 

Reach Out to Bruce Mack:

Thank you Bruce Mack for taking the time to share your expert financial advice with the audience.

Listen to all the episodes of The Real Estate Locker Room Show and sign up for my FREE monthly newsletter at www.johncarneyonline.com

Connect with John Carney
Facebook: @JohnCarneyOnline
Twitter: @John_M_Carney
Instagram: @johnm_carney

© John Carney 2019