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Updated over 7 years ago on . Most recent reply

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39
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29
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Mark Krier
  • Real Estate Agent
  • Grand Rapids, MI
29
Votes |
39
Posts

Retiring landlord strategy

Mark Krier
  • Real Estate Agent
  • Grand Rapids, MI
Posted

Does anyone remember which podcast episode had the guy who was talking about how he built his portfolio using some sort of "program" he created to offer to retiring landlords which enabled them to collect a steady cash flow and defer taxes out? It was obviously some sort of seller-financing strategy, but it sounded like he had a great way of arranging the deal and had a great way of explaining it to sellers. The way he arranged it might have even included some other mechanisms but I can't remember (life insurance, ira, annuity?)... 

I have a older landlord (70+) who owns a bunch of property free and clear, and would be happy to sell the property if she can guarantee herself a steady monthly income for the rest of her life.. She's also very concerned about taxes, not because she can't afford to pay them, but she just really hates the idea of paying a bunch of taxes... Anyone remember which podcast episode this was? Or have any other ideas to share? @Joshua Dorkin @Mindy Jensen?  

Most Popular Reply

User Stats

825
Posts
278
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Amanda G.
  • Rental Property Investor
  • Augusta, GA
278
Votes |
825
Posts
Amanda G.
  • Rental Property Investor
  • Augusta, GA
Replied

I going to guess there was a trust involved. See if you can find an attorney who specializes in estate planning in your area.

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