250: Structuring Family-Owned Businesses and Real Estate Investments with Carmen Da Silva

Description: 

Your WakeUp Call begins when you start to challenge conventional thinking. When you empower yourself to break free from the daily grind. When you choose to design your own lifestyle and economy.

In this episode, Carmen and Paul dived in to the intricacies of structuring family-owned businesses and managing real estate investments. They discuss the use of subsidiaries, parent entities, and the advantages and challenges of various business structures. Additionally, they explore the benefits of self-directed IRAs for real estate investing, tax planning strategies, and asset structuring for optimal financial management and intergenerational wealth transfer.

Key Takeaways:

1. Utilizing subsidiaries and a parent entity can streamline management and consolidate filings for family-owned businesses operating in multiple states.

2. Separate entities and accounts are essential for managing real estate investments, with technology playing a crucial role in consolidation and integration.

3. Self-directed IRAs offer asset protection, tax benefits, and investment diversification opportunities for real estate investing, but require careful management.

4. Tax planning strategies, such as considering residency and transferring assets to states with favorable tax laws, are crucial for effective estate management and legacy creation.

5. Asset structuring and tax planning should align with personal goals and lifestyle design, with assets being a means to achieve specific purposes rather than an end goal in themselves.

 

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About Today’s Guest:

Carmen Da Silva is a financial trailblazer revolutionizing the real estate investing landscape. As a certified CPA in Canada and the USA, she honed her skills at Price Waterhouse Cooper before venturing into entrepreneurship. Carmen pioneered an innovative IaaS (Ins as a Service) platform, empowering boutique investment brokers to market tax-sheltered insurance through Family Office Teams, resulting in over $500M AUM within five years. Her strategic leadership culminated in the successful sale of the platform.

Currently, Carmen is the Co-Founder and CFO of SHARE, dedicated to streamlining the process of single-family rentals (SFR) ownership. Her mission is to make SFR investing more accessible and profitable for individuals while optimizing cash flow. Leveraging her extensive expertise in finance and taxation, Carmen is creating a seamless experience for investors at SHARE, redefining the way individuals approach real estate investing.