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Radical Personal Finance

345-"Cashing in Tax Free: Your Ultimate Guide to a Tax-Free Retirement Using 1031 Exchange and Delaware Statutory Trusts" Interview with Author Leslie Pappas

Radical Personal Finance

Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP

Self-improvement, Business, Education, Investing

4.21.9K Ratings

🗓️ 8 June 2016

⏱️ 55 minutes

🧾️ Download transcript

Summary

Today on Radical Personal Finance we veer into an interesting niche in the real estate market.

Do you have an appreciated rental property with a lot of equity in it? Would you like to know how to transition out of that personally managed property into a professionally managed portfolio without paying capital gains taxes on the transfer?

That's what today's interview is about.

My guest is Leslie Pappas. She's an expert at using 1031 Exchanges and Delaware Statutory Trusts in a very specialized segment of the real estate industry.

Enjoy learning about this niche!

Joshua

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to Radical Personal Finance, the show dedicated to providing you with the knowledge, skills,

0:06.4

insight and encouragement you need to live a rich and meaningful life now while building a plan

0:11.8

for financial freedom in 10 years or less.

0:14.4

My guest today is Leslie Popus.

0:16.2

Leslie is the author of a book called Cashing In Tax Free, Your Ultimate Guide to a tax-free

0:21.6

retirement using 1031 exchanges and DSTs Delaware

0:25.3

Statutory Trusts. I'm not sure if I ever ever has ever seen a book title that

0:29.7

includes nice good sales language like your ultimate guide to a tax-free retirement

0:35.2

and also includes CPA speak like 1031 exchanges in Delaware statutory trusts.

0:41.0

Yeah this is this is the world in which I balance myself.

0:44.0

Being able to talk financial and be able to speak to people, those two things.

0:50.0

There are two skill sets that don't often go together. So tell us a little bit about your

0:57.8

background and the concept of this book that you've written? Yeah, my background.

1:03.5

I've had three careers at my tender age of 58,

1:06.4

and the first was in banking in New York City.

1:09.0

The second was as a consultant, and a third in real estate,

1:12.0

which I've been doing for the last 15 years or so.

1:15.0

And what I have fashioned for myself is a career where I help investors,

1:22.0

high net worth investors,

1:24.4

called accredited investors, basically

1:28.5

purchase replacement property

1:31.0

when they sell an investment property and I helped them avoid paying taxes in the process on the sale.

...

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