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Enter your phone number to the Click2Talk box on the right and be contacted by
Gregg or Lisa Whitney within seconds.
Building Wealth through 1031 Exchange
and Private Annuity Trusts
At Whitney and Associates, we believe that
investing can be summarized into four basic
goals: building wealth, protecting assets,
creating income streams and estate planning. Investing goals vary throughout an average
life span, but all investments must balance
out the potential growth with acceptable
risk. It is important that you understand
your level of risk when purchasing real
estate as it will help direct you in an
appropriate purchase.
Wealth
building and real estate investments are
greatly affected by where you are in your
lifetime.
For example, a 25-year-old, living in La
Jolla, California may be willing to take
a high-risk real estate investment because
she has a lifetime to make up for any investments
that go poorly.
At a young age, investors
make their financial decisions based primarily
on growth and future return. In other words,
they are willing to take a risk.
Now take a resident of La Jolla, California
who is interested in buying real estate
at the age of 65. His retirement-minded
investments focus on income flow and stability
and he has a much shorter time to recover
from a poor investment. He is most likely
to take less of a risk than a younger investor.
It is vital that you understand clearly
and that you communicate with Whitney and
Associates where you are on the investment
continuum. Are you willing to take a risk?
If so, how much? Are you looking for stability
in your investments? What kind of time frame
are you considering? All of these questions
and concerns can be discussed privately
with Whitney and Associates, and we always
keep your information confidential.
With property investment, there are some
great ways you can increase your wealth
beyond the traditional acquiring of properties.
One of the best ways to increase your wealth
is to sell real estate without paying taxes.
One way to build wealth through real estate
without paying taxes is through the tax-deferred
1031 exchange. By using a tax-deferred exchange,
property investors are able to continually
step up their real estate investments. You
may start with a rental home and trade up
to a 4-unit building.
Then some time later
you decide to trade up to a 10-unit building.
All of these transactions will be protected
from capital gains taxes if properly done.
Gregg and Lisa Whitney can help guide you
in this exchange should you want to begin
investing or step up your property. There
are, of course, certain restrictions and
formalities that must be followed and we
at Whitney and Associated encourage you
to talk to your tax advisor prior to investing
and embarking on a 1031 exchange.
Another method, a private annuity trust,
also offers the potential for building wealth
through real estate. Placing a property
into a private annuity trust removes the
asset from the reach of the investor, but
allows the trust to invest the proceeds
with a high degree of flexibility. The growth
of wealth in this case is usually done primarily
for retirement-oriented thinking.
There are lots of interesting and exciting
ways to build wealth through real estate.
Gregg and Lisa Whitney are able to help
you navigate through the sea of real estate
choices out there. And we can help you make
the best decision for you.
Have any questions or like to learn more?
Use our handy form on the side of the page
and contact us. You will see that we only
require your email address. We understand
that your privacy is important to you and
we respect that. We do not share your information
with anyone without your permission. We
realize at Whitney and Associates that you
are probably in the information gathering
stage of your process and we want to provide
assistance to you for your real estate needs.
If you would like to talk to us in person,
feel free to call us at our main line at
858-456-3282.
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