Welcome to Episode 23 of "Stop Paying Capital Gains Now" with Sally Gimon. Get ready for an exhilarating episode as Sally shares her remarkable success in wholesaling five custom-built homes, resulting in saving a whopping six figures in capital gains. Discover the game-changing power of the spendthrift trust as Sally reveals its unique benefits, legal standing, and its ability to revolutionize your tax savings. With her extensive real estate background, Sally's insights into navigating the market, participating in upset bids, and helping homeowners in pre-foreclosure will leave you inspired.
Outline of this episode:
0:02 - Stop paying capital gains now
1:49 - Spendthrift trust and its benefits
3:55 - Wholesaling bank-owned properties
5:17 - Difference between pre-foreclosure and foreclosure
7:35 - Getting into the business of wholesaling
9:26 - Open house with a real estate agent
11:14 - Making six figures in the trust
13:08 - Getting started with a beneficial trust
15:26 - Maximizing Savings: Strategies for Long-term Capital Gains, Dividends, and Rental Income
17:28 - Exploring Alternatives: The Impact of Ceasing the Spendthrift Trust
This episode covers the following:
· Real estate wholesaling
· The benefits of using trusts in real estate transactions
· The role of Airbnb in real estate investments
· Tax-saving strategies for 1099 income earners
· The impact of trusts on different types of investments
About Sally Gimon:
Real estate expert Sally Marie Gimon was recently featured in Authority Magazine, discussing Infinite Wealth Strategies. Gimon, who holds a weekly mastermind for her Real Estate group that reaches over 800 investors, also hosts a weekly show called "Money Secrets" on Win, Win Women TV. In addition, Gimon announced she will launch a new podcast called "Stop Paying Capital Gains, now!" She is a regularly featured expert guest on podcasts and summits.
Sally is a wealth-building expert. She is a real estate expert and has been a licensed life insurance agent for 19 years. Sally uses proven wealth-building programs such as the Infinite Banking system and Spendthrift Trusts. She assists consumers in becoming debt-free in less time, saving money on capital gains, and protecting financial investments. Sally leads a weekly mastermind for her Real Estate group of over 800 investors, and she broadcasts "Money Secrets" weekly on Win-Win Women TV.
A Spendthrift Trust defers Capital Gains into infinity, becomes judgment-proof, and information is 100% private. Gimon offers a FREE Report that teaches how to start benefiting from Day 1.
Connect and tune in to Stop Paying Capital Gains, NOW! on:
Learn more at www.TheTrustIsYou.com
Want to schedule an appointment? Book here: www.thetrustisyou.com/scheduling
Join us every Monday at 8 pm EST for a round of Q&A https://us05web.zoom.us/j/85008747185?pwd=dlE4SE01NnFHSjhOSmhYQW9LUlA4dz09
TikTok: @spendthrifttrust
Facebook: https://www.facebook.com/SallyGimon