Going from Active to Passive Investing with 1031, with Brandon Bruckman

Prior to joining Insight Real Estate Partners as an Adviser, Brandon Bruckman founded West Chapman & Co., a consultancy that assists clients in growing their business by gaining insights through data. Brandon has assisted large and small businesses in industries ranging from Financial Services to Logistics to Pharmaceuticals.

Prior to founding West Chapman & Co., Brandon worked at a prominent Hedge Fund as the Head of Fixed Income Financing. Following that experience, he co-founded a Healthcare consultancy, assisting hospitals in making vendor selections.

In this episode, we talk all about the strategies investors can use to move from active real estate investment strategies to passive investments. How the 1031 exchange is a great way to defer capital gains tax liability while investing in real assets.

[00:01 – 04:17] Opening Segment

  • I talk briefly about great values that await you in this episode
  • I welcome our guest, Brandon Bruckman
  • Brandon talks about his background and his business

 

[04:18 – 22:39] Why 1031 exchange?

  • Brandon gives a high-level overview of a 1031 exchange
  • People who are most successful in a 1031 exchange
  • Options people can go through in a 1031
  • Avoiding a DST
  • Tenant in Common in a 1031
    • Difference between a Tenant in Common and a DST
  • Brandon talks about their deal structure
  • Finding investors that fit and match with the sponsor

 

[22:40 – 26:52] The Future of 1031 exchange 

  • Brandon’s thoughts on the Future of the 1031 exchange
    • With regards to the POV of the upcoming administration
  • Alternatives/options people can go for in case the 1031 exchange program is eliminated

 

[26:53 – 35:12] Closing Segment

  • Quick break for our sponsors
  • What is the best investment you've ever made other than your education?
    • Buying stocks of Ford and eventually selling it
  • What is the worst investment you ever made?
    • Buying stock from a company going to receivership
  • What is the most important lesson that you've learned in business and investing?
    • Reading books from Ryan Holiday and add learning the importance of adding value to people
  • Connect with our guest. See the links below.

 

Tweetable Quotes:

“We’re not that smart, and that’s okay. We need to build systems around that so we don’t lose money.” - Brandon Bruckman

“In a 1031 exchange, what the government allows us to do is to exchange one property for another. We do that in order to defer the tax liability in selling the property.” - Brandon Bruckman

The most successful people we see going through a 1031 exchange, are the ones who are thinking about that holistic outcome before they even start to think about selling.” - Brandon Bruckman

 

Resources Mentioned:

 

Connect with Brandon on LinkedIn or send him an email at [email protected]

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This episode is brought to you by Roofstock, the world’s largest residential real estate investing marketplace. Open an account for free and start browsing turnkey investment properties today.

We are also supported by You Need a Budget. YNAB is a different kind of personal financial tracking company. They’ll help you track and plan your money with your priorities in mind. Open your trial account today and give it a shot!

About the Host

Taylor on stage

Hi, I’m Taylor. To date I’ve acquired or partnered on over $250 Million in Commercial Real Estate Investments. I help busy professionals invest in multifamily and self storage real estate through my company NT Capital

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Real Listener Reviews

Extremely useful podcast
Extremely useful podcast
@thehappyrexan
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Short, impactful with excellent guests. If you have a full time W-2 job or business and are looking for ways to get involved in real estate on the side, this is for you.
Simple & effective information!
Simple & effective information!
@jjff0987
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This podcast is worth listening to for investors at all levels. The information is simplified for the high level investors but detailed enough to educate seasoned investors about nuances of the business. I recommend!
Awesome Podcast!!!
Awesome Podcast!!!
@Clarisse Gomez
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The host of Passive Wealth Strategies for Busy Professionals podcast highlights all aspects of real estate investing and more in this can’t miss podcast! The host and expert guests offer insightful advice and information that is helpful to anyone that listens!
Great podcast!
Great podcast!
@Owchy
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Love all the information and insights from Taylor and his guest. Fun and entertaining. Highly recommend.
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