Bernard Reisz from ReSure Real Estate Financial & Tax Solutions joins the show to discuss alternative business and investment strategies to help amplify life and maximize wealth. As the chief educational officer, he will talk about tax planning strategy holistically, not just letting one little strategy drive the deals you're doing. Bernard discusses how tax planning strategies are a network of interconnected concepts that impact every investor differently, and how getting lost in the weeds can prevent you from seeing different personalities and enjoying what you love. However, he stresses that everything is driven by financial outcomes, and if someone wants to make objective financial decisions without the pressure of the tax system, they should look at long-term returns, not just short-term tax savings. If you want to be educated on all the different tax strategies available to you, then this episode is for you!
[00:01 - 04:27] Opening Segment
Welcoming Bernard to the show
Tax strategies for alternative businesses
It’s more like a matrix than a rabbit hole
[04:28 - 21:06] Honing On Tax Strategies
Viewing strategies holistically
Everything is driven by financial outcomes
Saving taxes is more on the returns
Taking the power of leverage into a 10-31 exchange
10-31 exchange is not a tax strategy - it's a real estate financing tool
Understanding the high-level particulars of a situation
Looking at the bigger picture and seeing how they come together
[21:07 - 29:43] Closing Segment
Get to know more about Bernard with the Quattro Trio!
See the links below to connect with Bernard
“Cause everybody is different. Everybody has got their profiles, their own goals…that’s what it is about. It’s about networking it, rather than viewing it as distinct silos.” - Bernard Reisz
“Take the broad picture. See the trees, see the forest, and then see how they come together. It’s not siloed, and everything is unique.” - Bernard Reisz
Connect with Bernard through LinkedIn and Facebook, or visit www.resurefinancial.com. Get more resources on tax strategies by visiting members.resurefinancial.com.
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Real Estate Runway Podcast is all about alternative business and investment strategies to help you amplify life, and maximize wealth! Click here to find out more about the host, Chad Sutton.