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SHOW NOTES FOR EPISODE #023 WITH CHARLIE JEWETT – REAL ESTATE PROFIT INVESTMENT STRATEGIES
In this episode, Charlie Jewett, author, podcast host and investment advisor, shares a few tips for real estate investors on how they can effectively manage their profits for maximum return, significant tax advantages and retirement success. He specifically addresses an alternative to the 1031 exchange.
What You Will Learn
- Not all financial advisors are the same – there are some who will mislead you
- How you can sell your real estate and not pay capital gains without using a 1031 exchange
- What is your most important money account?
About Our Guest
Charlie Jewett
Charlie Jewett is an Author (Books available on Kindle), Speaker, Podcast Host (Renovating Retirement), Consumer Advocate, and Investment Advisor from San Diego, Ca. Charlie has spent the last eleven years trying to change the way the industry professionals and consumers think about Retirement. Charlie provides education materials that help people to create their own financial plans and offers services to protect consumers from the bad guys in the Financial Services Industry.
More about Charlie
- Had real estate license
- Once owned 15 rental income homes
What is the Deferred Sales Trust (DST)?
- Way to postpone capital gains tax
- Must sign a non-disclosure agreement
- Doesn’t have restrictions of 1031 exchange – don’t have to use the full amount
- Website: lowercapitalgains.com
- Sell the property to the trust first, then the trust sells the property to the next buyer
- While the money is in the trust, you can invest the funds any way you want
- Can use Life Insurance policies, annuities and other investment vehicles, within the DST, to park earnings as well
- No cost to set it up – only charged once you use it
Other Ways to Maximize Your Investment Profits
- Don’t listen to stocks, bonds, mutual funds community that say they have average 8-10% – you must replace income with real guaranteed income (real estate, annuities)
The retirement plan that never fails
- Three types of money accounts
- In-case accounts – How to use emergency accounts to earn 8% a year
- Income accounts – Pensions, Social Security income, Rental Income and Guaranteed Annuities – Cash Flow
- Increase accounts – Growth Annuities, Tax Free Growth Inside of Like Insurace, Real Estate, Stocks, Bonds and Mutual Funds
- Make sure you have a solid Income Account – this is the most critical component of your retirement
Rap-It-Up
- Favorite real estate book: Missed Fortune 101 by Douglas R. Andrew
- Favorite business book: The eMyth by Michael Gerber
- Most valuable web site for success: trello.com
- Favorite apps: Clamor
- If you had to start all over, knowing what you know, and you only had $1,000, what would you do to try to rebuild your retirement funds? Find a way to market and monetize the skills you currently have
Special Offer for Old Dawg Listeners
- The Two Ways to be Debt Free by Charlie Jewett
- http://www.jewettwealth.com/product/debt-free-ebook/
- In the shopping cart, put in the coupon code: hq5kr8 to get the book for free
How Can People Reach Charlie
- Email: charlie@meritplanning.com
DISCLAIMER: Check out advice or concepts presented on any of our podcasts with your attorney and/or CPA before pursuing.
Until our next podcast, keep moving forward and God bless!
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