Brandon Bruckman welcomes Bernard Reisz, Chief Education Officer at ReSure, highlighting his unique approach to real estate, tax, and financial education.
Tax Strategies:
The conversation covers key tax strategies, including 1031 exchanges, cost segregation, and real estate retirement accounts. Bernard emphasizes transparency and due diligence.
Risk Considerations:
They discuss the long-term impact of tax decisions, introducing the concept of the "turkey problem" to illustrate the deceptive nature of perceived risk.
Audit Risks and Compliance:
Complexities of audit risks are touched upon, emphasizing adherence to the tax code. The conversation stresses the importance of a competent CPA in decision-making.
Bernard's Background:
Bernard shares his unconventional path into real estate through captive insurance, highlighting his role as a tax and financial education expert.
Practical Application:
The episode explores practical applications of self-directed retirement accounts for real estate investors, focusing on due diligence and asset location.
Tax Planning and DSTs:
Bernard Reisz discusses tax planning, cost segregation, and DSTs, emphasizing insights into cost segregation and due diligence for DST investments.
Syndication Transparency:
Concerns about transparency in real estate syndication prompt a call for self-regulation and industry oversight.
Conclusion:
The conversation concludes with emphasizing the value of tax education, transparency, and strategic planning for real estate investors. Connect with Bernard Reisz at reshorefinancial.com.
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