In this episode of Commercial Connections, host René Nelson joined by Karen Templeton of Forest Wealth Strategies, the conversation delves deep into the intricacies of 1031 exchanges and Delaware Statutory Trusts (DSTs). Karen explains the benefits and potential pitfalls of DSTs, illustrating how these structures can help property owners transition from active management to passive investments, all while managing tax liabilities. The episode is packed with valuable insights on estate planning, cash flow strategies, and the importance of due diligence in identifying reliable DST sponsors.

EPISODE THEMES 📝
00:00 Introduction and Today's Topic

00:22 Meet Karen Templeton: Real Estate Expert

01:14 Understanding Delaware Statutory Trusts (DSTs)

03:24 The Mechanics of 1031 Exchanges

08:22 Strategies for Transitioning to Passive Real Estate

09:57 Navigating the Challenges of Being a Landlord

11:43 Coaching Property Owners on Selling

13:53 Legacy Planning and DSTs

17:47 Risks and Considerations with DSTs

21:11 Case Study: Diversifying with DSTs

22:35 Breaking Up Large Investments

23:35 Hands-Off Management and Client Involvement

25:31 Understanding DST Returns

28:58 Evaluating Sponsors and Asset Classes

29:48 Geographical Preferences for DSTs

32:31 Investment Timelines and Strategies

34:39 Navigating the DST Market

39:19 The Origins and Evolution of DSTs

41:04 Final Thoughts and Advice⁠⁠

FREE GIVEAWAYS 💰

➡️ Due Diligence Giveaway:https://docs.google.com/document/d/1WVvYPiwASy76exh2tludjyeZ9Sfuvpl4QqD20V_HHRw/edit?usp=drive_link

➡️ Free Pro Forma Template: https://drive.google.com/file/d/12x1eUtdEUySKsrbQ0ELpCw3X79TPFh3Z/view?usp=sharing

CONNECT WITH KAREN 🔗

LinkedIn: https://www.linkedin.com/in/karentempleton/

Website: https://forrestwealthstrategies.com/

Email: karen@forrestwealthstrategies.com

CONNECT WITH RENÉ NELSON 🎙️

Website⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠: https://www.eugene-commercial.com/

Youtube: https://www.youtube.com/@renenelsonccim1031/videos

LinkedIn: https://www.linkedin.com/in/renenelsonpacwestcommercialrealestate/

Instagram: https://www.instagram.com/renenelsonrealestate

Apple: https://podcasts.apple.com/us/podcast/commercial-connections-investing-with-confidence/id1828000587

Facebook: https://www.facebook.com/profile.php?id=61574316732608

Book a 15 min Complimentary Discovery Call with René: https://calendly.com/renenelsonccim/cashflow-autopsy

In this episode of Commercial Connections, host René Nelson, a Commercial Real Estate Broker in Eugene, Oregon, sits down with special guest Rob Cohen. With over 25 years of experience in launching, running, and selling businesses, Rob shares insights from his career. Topics include his journey from New York to Eugene, the challenges of running restaurants and breweries, the intricacies of business brokerage, and trends in various industries. Rob also discusses the importance of proper financial documentation, the value of owning real property, and the impact of the SBA and financing on business sales. Aspiring entrepreneurs and seasoned business owners alike will find value in Rob's expert advice and experiences.

EPISODE THEMES 📝

00:00 The SantaCon Side Hustle

00:29 Introducing Rob Cohen: Business Expert

01:44 Rob's Journey from New York to Eugene

03:56 Challenges in the Restaurant Industry

04:50 The Competitive Brewery Market

06:31 The Impact of Cannabis on the Alcohol Industry

07:54 Labor Challenges in the Restaurant Business

10:47 Rob's Secret: Never Cooked in His Own Restaurants

11:22 Business Brokering and Consulting

16:54 Preparing a Business for Sale

20:28 Misconceptions About Selling a Business

20:34 The Global Market for Business Sales

23:15 The Role of Real Estate in Business Transactions

24:12 Navigating Lease Assignments in Business Sales

25:16 The Importance of Owning Property for Business Owners

26:31 Current Market Trends and Challenges in Business Sales

28:42 High-Demand Industries and Business Opportunities

32:49 The Rise of Ghost Kitchens and Food Delivery Services

36:54 Advice for Selling Your Business

38:26 Reflecting on Business Success and Favorite Sales

45:28 Expanding Business Brokerage and Client Success Stories

48:28 Conclusion and Future Plans⁠⁠

STAY AHEAD IN CRE 💌📬 Stay Sharp in Commercial Real Estate

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👉Subscribe Now: https://pacwest.kit.com/f88edb7056FREE GIVEAWAYS 💰➡️ Due Diligence Giveaway:https://docs.google.com/document/d/1WVvYPiwASy76exh2tludjyeZ9Sfuvpl4QqD20V_HHRw/edit?usp=drive_link➡️ Free Pro Forma Template: https://drive.google.com/file/d/12x1eUtdEUySKsrbQ0ELpCw3X79TPFh3Z/view?usp=sharing

CONNECT WITH ROB COHEN 🔗

Phone: (541) 520-8012Website: www.rjcforbusiness.comLinkedIn: https://www.linkedin.com/in/rob-c-971506187/

CONNECT WITH RENÉ NELSON 🎙️Website⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠: https://www.eugene-commercial.com/

Youtube: https://www.youtube.com/@renenelsonccim1031/videos

LinkedIn: https://www.linkedin.com/in/renenelsonpacwestcommercialrealestate/Instagram: https://www.instagram.com/renenelsonrealestate

Apple: https://podcasts.apple.com/us/podcast/commercial-connections-investing-with-confidence/id1828000587

Spotify: https://open.spotify.com/show/27QhtoMTeooaEHJgu91VfGFacebook: https://www.facebook.com/profile.php?id=61574316732608

Book a 15 min Complimentary Discovery Call with René: https://calendly.com/renenelsonccim/cashflow-autopsy