On How Capital Gains Tax Solutions Started with Moneeka Sawyer

[Brett P Swarts]

Moneeka Sawyer:

Could you first start by talking a little bit about your story, tell us kind of where you came from?

Brett Swarts:

Absolutely. You know, many commercial real estate owners, they struggled with capital gains tax. I actually started a company called Marcus and Millichap back in 2006, where we help people defer capital gains tax using a 1031 exchange. So we were really focused on helping them create and preserve more wealth, in particular through multifamily if it was my specialty here in Northern California. So we learned about the 1031 exchange on about day three, and 1031 exchange for your listeners, you've probably heard it before, it's just a way to defer tax when you sell an investment, real estate as long as you buy, like kinda investment, real estate. But then something happened during what's called the 2008 crash where the marketplace really shifted, and people got hurt quite a bit. So I had friends, family, and clients, some many lost, most everyone lost something, some lost everything right now, they're all of their net worth. Because in particular, we found that they were forced to overpay for properties via a 1031 exchange, and they felt trapped. They felt pressured, you know, on this 180-day window to take on equal or greater debt for an equal or greater property. And so we set out on admission basically say, how do we help all my friends, family and clients and never have to face this again, and just at the right time, my manager brought in a gentleman to speak on this topic called a deferred sales trust. And so I sat in an office probably a lot of like, a lot of your listeners are sitting somewhere listening. So the first time saying, What is this, you're telling me you can defer capital gains taxes, not using a 1031 not have to go back into real estate immediately. You can do it for a business or a primary home. It's got to be too good to be true, but I kept being in, kept learning, and kept being open-minded to what it could be. Fast Forward 10 years later, after countless deals at 1031. exchanges, Delaware Statutory Trust, Deferred Sales Trust, we're helping a lot of people escape feeling trapped in capital gains tax, and the best part about it is never to have to overpay for a property ever again via 1031 exchange.

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