TSI002: Life Style Business to Growth Business

“I was just trying to solve a business problem that I saw before me… I saw that there's hundreds of things that people do manually every day, that if they don't do them, then they just don't get done…. If you can't automate in 10 years, or five to 10 years, you will be left behind. The ability to create your own automations is here today and it's going to be even more extent as this time goes on. You've got to create a culture and hire people that know how to use these tools, that are now becoming available to automate processes, get your data clean, be able to react to business challenges, like regulatory compliance issues, as well as cease opportunities to automate and create new products and new offerings as the market demands” ~ Richard Milam. Edwin D. Epperson and Richard Milam talk about the idea to automate business processes and how he had built up his data processing business to be able to be sold in 5 years after he had a shift in mindset.

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TSI001: Deferring Capital Gains Tax

“... By doing that in a proper way, they're able to defer the payment of that tax that would normally be due on that sale. Now, think about the power of that. When we start talking about it's not how much you make, it's how much you save at the end, this is the opportunity to add anywhere from 20% to 35% of the profit from your real estate transactions to be used for your benefit moving forward.” . Dave Foster explains the power and the benefit of utilizing a 1031 Exchange as a tax derring strategy that sophisticated investors use and you can too!

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