Bryan Ellis On Biggest Frustration with Capital Gains Tax

[Brett P Swarts]

Brett Swarts:

Welcome to the Capital Gains Tax Solutions podcast, also streaming on the Expert CRE Secrets podcast. You can find us on YouTube, iTunes, and Google. My new friend here, Brian Ellis, and we just got done recording a video, a full podcast with his full story talking about all things raising capital in 30 days, you've got to check it out right now on YouTube. If you are looking for someone to help you clarify your sales copy, clarify your presentations, and help you to close more deals. That being said that we're talking about the biggest frustration when it comes to capital gains tax deferral on the 1031 exchange. Bryan, when it comes to that for yourself, partner, families, or is there a deal story, or something that comes to mind when it comes to frustrations around this topic?

Bryan Ellis:

It's really not my frustration so much as it is for many of the clients that I work with who want to invest in syndications and such the biggest frustration I hear routinely, particularly about 1031 is the complexity or the impossibility, it may be depending on how you see it of doing 1031 from a real estate property and then taking that money and investing it into another real estate project. But that's not a real estate project. That's a syndication because it's a different form of investment. So, a lot of people have that problem. I hear about that over and over and over again.

Brett Swarts:

We call that trying to squeeze the round peg into the square hole. Unfortunately, most syndicators that we work with as well either don't allow it, and or even when they're selling their syndication, they're just paying their tax and let everyone go their separate ways, because they're not even going to do a full 1031 exchange. So, becomes a big, big challenge. By the way, we have a solution for that. It's called the deferred sales trust for our listeners, we actually are connected with Ashcroft Capital. We're also connected, just got a new alliance with Kevin Bob, and a few others that practice capital as well, where we're now selling assets deferring the tax. And then what's neat because it's a trust, we're not using a 1031 exchange, you can actually invest into different syndications with yourself or with others, passively or actively. It's pretty, pretty amazing. That being said, You can learn more about that at capitalgainstaxsolutions.com. And again look for Brian Ellis’ full interview and also if you want to connect with him, Brian, what's the best place for people to find you?

Bryan Ellis:

The best thing to do is just text me at 678-888-4000.

Brett Swarts:

Perfect. Hey, thanks, Brian. And thanks everyone for listening to this quick episode. And look for the full episode right now on iTunes and YouTube coming soon. Thanks. Bye.

Learn more about Deferred Sales Trust
Visit: www.capitalgainstaxsolutions.com