Biggest Thing To Overcome On Deferred Sales Trust with Stormy Aikins
“I think just really being engaged in it. Just taking everything in and doing your due diligence.” – Stormy Aikins
Brett:
For you though, what was the biggest thing to overcome. Because you’ve been in real estate for a while, and I’m sure 1031 exchanges. You hear it on Buck’s Podcast me on the show. What was the biggest thing that you felt like you and Jeremy had to overcome?
Stormy:
I think it was just trust. I think it was just learning more about the process, and if I’ve learned anything in my life, and healthcare and everything that I’ve done is that education is very powerful, and you have to really understand and so also with Tom Wheelwright is another very brilliant gentleman that goes over taxes and just realizing that it doesn’t have to be scary. Don’t be afraid of it, learn and educate yourself. I think just really being engaged in it and just taking everything in and doing your due diligence and then it trusts ultimately in the team but understanding how well it had worked out for so many others before me, really helped, and then just really in being engaged in the process and, and moving forward.
Brett:
Perfect, I love that. I imagine you’re in the healthcare industry. There’s stuff that you have to learn and as if you have to do this really scary and that’s life and death with what you do versus just finances which are very serious as well.
Closed Deal Story
Selling Bitcoin, Ethereum Capital Gains Tax-Deferred Using the Deferred Sales Trust
I believe that is where we’re at with cryptocurrency’s current marketplace. We closed the first Bitcoin and Ethereum case for $5 million and helped the client defer around $1.5M in capital gains tax. Now we’re getting a wave of individuals who are finding us. You might be finding us right now.
One of the biggest challenges with folks who are selling cryptocurrency is they want to be able to diversify, they want to be able to time the real estate market and or even the crypto market, they want to be able to have some liquidity, some cash flow, and so part of this vision is taking helping our clients who are in cryptocurrency, buy an investment, real estate, all tax-deferred, using the Deferred Sales Trust, also invest with Jake Mellor as the financial advisor to in a diversified investment grade security or start a business. Whatever the outcome that you want to do. Why is it that you’re investing with any type of asset? What if you could sell high, diversify, and buy back in whenever you’d like to? This is what we’ve already done and we’re doing, we’ve already proven it.
Read The Full Case Study Here
Join Our Crypto Capital Gains Tax Mastermind
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Want to learn more? Check Out The Blogs Below!
- Can a Deferred Sales Trust Be Used for Mergers and Acquisitions?
- How to Defer Capital Gains Tax When Selling Your Cryptocurrencies
- Need An Exit Strategy? The Deferred Sales Trust Might Be the Answer
