Blockchain & Cryptocurrency Evangelist, Brand Influencer, Functional Futurist, Live Video Marketing, the visionary, Joel Comm, joins Scott Paton for some fun and excitement!
Internet Marketing Unleashed! Scott Paton talks with Internet Marketers, Entrepreneurs, Coaches and Digital Nomads about marketing, business fundamentals, world travel and much more!
To register, you will basically be registering the assets to the name of the trust. This can be done in the courthouse of the county where the trust reside.
But, there is a far better way to do this. Watch now to learn more!
Hi! It’s Lou Brown. I’ve been asked. How to register trusts? Well, that’s an interesting question. So to register your trust, all you’re going to be doing is registering the assets of the trust into the name of the trust. Now, you do have the opportunity certainly to record your trust at the courthouse in the County, in which you reside or the County in which the trust resides, but it’s far better to create and use the anonymity that that trust provides. The trust is amazing! It provides privacy, privacy of ownership. So that everybody doesn’t know and can count from the comfort of their own computer, how much you actually are worth. Then taking your assets and what I recommend is putting each asset into its own trust, is a marvelous thing to do. And by separating your assets, you also are putting yourself in a position to separate liability as well.
So if anyone comes after one trust, they’ll only get what’s in that one trust and not everything else in your life. Putting all your eggs in one basket is something to avoid. Unless there’s a real tank around those assets. And so one of the things that you want to consider is, that you don’t want to register or record your trust. What you do want to do is record any assets into the name of the trust. And what I suggest is that you have each property in its own trust. And because of the fact that you put each property in its own trust, then you’re separating those assets from one another.
Now I’m going to be training this. I’ve got a four day event coming up. It’s called http://MaximumAssetShield.com. And you can learn more about what trusts are. How they work. You can bring a deed with you to class. You can bring a title with you to class. And you can literally fill out your own paperwork right there in class. And learn exactly what the details are. Why you’re using trusts. What trust can do. The 30 different benefits of trust that most people have no clue about, including attorneys, CPAs and financial planners. It’s amazing what a great vehicle trusts are only known to the elite. Only known to the very upper echelon in our society.
What I discovered when I discovered trust back in 1984, is that they are available for all of us and all of us can take advantage of them. So I encourage you to learn about trusts. They’re the most amazing vehicle on the planet, and hopefully you’ll be able to join me at the four day event and learn more. I also have a home study course learn more at http://MaximumAssetShield.com Yeah, baby!
One of the questions people ask me is how much are trusts taxed?
This is a vital question and there are actually several answers depending on the state of where you reside. I discuss the different factors that affect this question. Watch now and learn about it along with how you can protect you and your family.
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Hi! It’s Lou Brown. One of the questions that people ask me sometimes is. How much are trusts taxed? And that’s such a vital question because there’s really several answers. It really depends on the state in which you reside, because as a result of where you have chosen to be, there can be very significant taxes. Now there is a federal tax on estates as well. Currently that federal tax is extremely generous given what has been decided in prior years that the estate can be over $11 million and have zero federal income tax and estate tax as it results on that estate. So from a federal standpoint, most people would have zero federal taxes. However, depending on the state that you’re in, there could be not only an inheritance tax, there could also be an estate tax. Two different taxes.
Excuse me. Most States have none of those, but some of them have one of those and some of them have both of those. So it’s important to check that out and that’s definitely something that can definitely impact the value of that estate simply because of those taxes. Now, most of the time, if you’re married, the asset passes from one spouse to the other, without any taxes at all. But once it passes from that remaining spouse to the heirs, that’s when taxes kick in. So it’s important to discover those things.
Now we’re going to be talking a lot about that. We have a four day event coming up. It’s called Maximum Asset Shield. You can learn about it at http://MaximumAssetShield.com very important that you learn the process of trusts. It’s confusing, it’s confounding for most people. They go to a professional. The professionals does it for them, but doesn’t really tell them what they’ve done. Very important that you learn where you’re burying the bones and that you and your family are protected.
And it’s so valuable because you can avoid a very expensive process called probate. Where they charge you for everything. And there’s a delay in the process. There’s confusion in the process and there’s costs in the process that can be absolutely avoided. So learning about trust is a brilliant move and definitely you can set yourself up to avoid the taxes as well. So there’s another type of trust for larger estates, where it makes sense to go for what I call the Elite Trust. Now I’m going to be discussing that at the http://MaximumAssetShield.com event as well. And that trust can avoid those horrible things called estate and inheritance taxes. How cool is that? I want to teach that to you. Hope to see you soon. Yeah, baby!
When investing in one of my funds, people typically ask. How will I receive income? Is it going to be interest income? Is it going to be a return of capital? Is it going to be capital gains? So it depends on the type of fund that you invest in. So, the first type of fund that you can invest in is what's called a Debt Fund. A Debt Fund will pay a set amount of interest each month or each quarter or each year. Depending on how it's structured and all of that income will be classified as interest income to you.
Another type of fund is an Equity Fund. An Equity Fund is where you invest capital as a partner. So you have equity in whatever deal or deals are being done in that fund. And that equity can be returned in one of two ways. The first way, which is the tax advantaged way. And that the way that we like to do it is, we will return your capital and classify it as a return of capital. So it's not actually income to you. It's not a gain. And that allows you to pay no taxes on that income until you've returned all of your money to you. This is usually typically used in a, say a large development deal. Where it's not going to be spitting off a lot of cash flow. Maybe just a little bit throughout the period. And then you're going to get a big windfall of capital when you sell the asset or you refinance the asset.
So those are kind of the two ways that you can get income back. And then once you've made all of your money or returned all of your capital back, anything above that will be considered capital gains. Now, depending on how you invest in that fund, you can get around some of those taxes by either using, you know, retirement accounts or rolling it through special type of tax advantaged entities, like a charitable remainder trust, or using a third party and mixing it with a type of annuity, if you will.
So those are some different ways that you can get your capital back and how they'll be taxed. My name's Fernando Angelucci and I'm The Storage Stud.
Fernando O. Angelucci is Founder and President of Titan Wealth Group. He also leads the firm’s finance and acquisitions departments. Fernando Angelucci and Steven Wear founded Titan Wealth Group in 2015, and under his leadership, the firm’s revenue has grown over 100% year over year. Today,
Find out more at https://www.TheStorageStud.com http://titanwealthgroup.com/
Titan Wealth Group operates nationwide sourcing off market investment properties for Titan Wealth Group’s acquisition as well as servicing a network of thousands of active real estate investors world wide. Prior to founding Titan Wealth Group, Fernando worked for Dow Chemical, a Fortune 50 company, rolling out a flagship product estimated to gross $1B in global revenues.
With an engineering background, Fernando is able to approach real estate investing with a keen analytical mindset that allows Titan Wealth Group to identify opportunities and project accurate pictures of future performance.
Fernando graduated from the University of Illinois at Urbana-Champaign with a B.A. degree in Technical Systems Management.
Titan Wealth Group was founded in 2015 with the vision of gathering individual investors that have the means to invest but lack either the time to find high-yield investment opportunities or the access to these off-market deals. All too often, founders Fernando Angelucci & Steven Wear came across investors who had deployed their capital only to regret the lack of consistency or degree of returns their investments were producing. In response, Titan Wealth Group provides access to highly-vetted real estate secured investments and off-market acquisition opportunities primarily in the Greater Chicago MSA. Today, Titan Wealth Group not only assists individual investors but has grown to support the acquisition goals and capital deployment of investment groups, private equity firms, and real estate investment trusts (REITs).
As a facilitator of wealth growth, Titan Wealth Group believes that success is not limited to the sum of our efforts and is infinite with what can be accomplished through partnership.
#SelfStorage #RealEstateInvesting #AlternativeFunds
Jerry Holliday of Bonafide Media is a creative digital agency based in Bristol and we offer a wide range of creative web design, marketing and publishing services that can be tailored to suit your business.
Jerry has over 20 years experience in digital marketing and copywriting. His expertise is in brand creation, broad strategy and he is an author of numerous fiction and non-fiction books.
Hi! My name is Fernando Angelucci. I'm The Storage Stud. I've been getting questions recently on how the storage business would be affected during Corona Virus as well as post Corona virus. And that's a really great question. So there's a lot of things to take into account here. You know, one of the things that we always look at is that self storage services people in transition. And with the breakout of Corona Virus and the extended period that it's been kind of affecting the nation. We're going to see a lot of people in transition because of it. So one example is a good friend of mine, Scott, brought up, you know, a lot of people are now looking at moving out of densely populated, you know, urban cores, you know, downtown cities like ours in Chicago. And actually moving out to say an acreage that's 50 or a hundred miles out of the city center.
So someone like that, they may be moving from a smaller space, say 900 square foot condo to a larger space, maybe a 1500 or 2,400 square foot home. And those people are going to need storage. Even though they're going to a place that has larger space. One of the things to think about is, you know, the whole process, the logistics of selling your home and then buying a new home. Usually it's a lot easier to sell your existing home and then go make an offer on the new home that you'd like to live in. The reason why is when sellers are looking at prospective buyers on the properties, and I'm speaking from experience here because I'm also a licensed real estate agent. If that offer has a contingency that says I'm not able to buy your home until I sell my previous home, usually those offers will go to the bottom of the, bottom of the pile.
So what most people opt for and what a lot of real estate agents will advise their clients to do is actually sell their existing home first that accomplishes many things. Number one, it takes off, you know, your mortgage liability off of your credit. So you look better to your lenders. It also causes an issue of storage. So these people are going to have to store their goods somewhere temporarily, you know, maybe move in with some relatives or a friend or go into a hotel while they're searching for their next purchase. And so that's going to be an ideal customer that would use self storage. The second part of this is, we as humans, especially in the Western world, we tend to accumulate possessions and those possessions will usually expand to fill the space that we give them. So kind of like a gold fish. A goldfish will always grow so that it fits in its environment.
I've noticed kind of the same thing with, you know, people in the Western world. You move from 900 square foot condo to a 1500 square foot home. And all of a sudden within a year or two, that home is filled up. And then you go from a 1500 square foot home to a 2,400 square foot home. And then again in a year or two, all of a sudden now the attic and the basement and the garage are also filled to the brim and you're going to have to go use storage. So these are kind of two sides of the customer life cycle. You have the people in transition where they're gonna need storage services temporarily. And then later on, you're going to have more of a longer term client. That's going to use your storage facility as a way to augment their existing space. Cause you know, they really need that jet ski. Or they really want to, you know, have a full set of decorations for every holiday in the year. I mean, they just need a place to store that stuff. That's out of sight out of mind.
So that's one of the potential effects from Corona virus. Another thing is in the opposite direction, say you still want it stay in the urban core, but you want to downsize because maybe you were furloughed or let go, when you can no longer afford your rents or your mortgage payment. You're going to go ahead and go find some place that is a little bit more cozy, if you will. That will be able to support the financial needs that you have. You know, maybe all of a sudden your income drops in half because one of the partners in the household and one of the adults in the household can no longer afford. Or maybe you live on your own and your pay was cut in half. Or they cut your hours in half if you're an hourly worker.
So what you may opt to do is go from 1,200 square foot place down to a 700 square foot place, and then opt to pay for an additional 50 to a hundred square feet of storage that you use as kind of a closet, if you will. For example, I'm a millennial. I like to live near the action. I like to live downtown Chicago. And, and the prices here are not as affordable if I were to live, say in the suburbs or in the exurbs. So what a lot of people my age are doing nowadays is we're opting for a smaller living space. And then just getting some auxiliary storage on the side that we use as our seasonal closet. So for example, in the summer, I'll put all of my winter clothes into my storage unit and vice versa when the seasons reverse, or maybe I'm someone that likes to be very athletic and enjoys the outdoor activities. Maybe I have a kayak that doesn't fit in my tiny apartment. So I'm going to put that kayak in a storage facility. Or skis or snowboard, materials, things like that. And just go use that as a closet. So anytime I'm going on a trip to go do those things, I just stop at my storage facility first. Then I go to my final destination.
So that's another aspect of the effects of COVID or Corona Virus on, you know, the self storage industry today, but then also in the future. So we always will serve people in transition that just need a temporary place to put their stuff. Another effect that that we're seeing is there's kind of this shift in mentality of where people want to live. As I mentioned in the previous example, say you no longer like being, you know, really in close quarters with people and you just want to move somewhere that's farther away from people, but maybe you don't want to splurge for, you know, a large home. So maybe it's a combination of both of those previous examples where you're going to a smaller home that's farther away from the urban core. These are all the type of things that we need. Shifting over from the residential side to more of the commercial or the business side. A lot of businesses recently have been opting to go a hundred percent virtual. They don't want to have the office where you bring a bunch of people together that can possibly cause a, you know, a contagion to spread. So they're opting to get rid of their office lease or even sell their office buildings. If they own them. Allow all their employees to work remotely. But these companies still have things that they need to store.
Documents storage, especially in the financial or in the legal professions. And same thing in the medical professions. Say, it's, it's a company that had a flex space where half of of the building was office building. And then the other half was warehousing. They may opt to sell that building or terminate their lease and then use a self storage facility as an intermediary point or as a temporary storage. So for example, in one of our very first facilities that we purchased, there was a tortilla company and they made tortillas for tacos and burritos and all those things. And what they did was the production facility was in downtown Chicago, but they would ship their tortillas around the Midwest. So what they would do is for the ease of the semi-trucks to get to the materials that need to be shipped, they would actually first ship the tortillas from their production facility to our self storage facility, about an hour and a half outside of the city, that was closer to a lot of highways.
And then they would drop them off at the storage facility. And then once a week or twice a week, a semi truck would actually pull up into our facility and then unload those units of the tortillas, put them in the truck and then ship them to their final destination. So that's another example of how the storage climate is being affected in a positive way by Corona Virus. Just some, even some personal stories. You know, there's a lot of schools that have shut down. Both higher education, as well as the K through 12 schools. And they have moved most or all of their education online for the time being until it's safe to have people congregate again. So what a lot of these students that say we're living on campus are doing is now instead of hauling all of their stuff back to their home, which can be anywhere in the country or even in the world.
You know, we have a lot of international students that come in the United States for the education here. Those people are opting for storing their stuff in a storage facility for a few months, until this all blows over, as opposed to getting, you know, a full moving truck and going from New York to California or Chicago to Utah or whatever it is. I personally, when I went to school down at the university of Illinois, every summer, instead of, you know, hauling all my stuff back home to my parents' house and then doing it and bringing it all the way back down to university of Illinois again, the following semester, I'll just opt to use a storage facility near the campus. The reason why was a lot of those rental properties, they would actually have a nine month lease that coincided with the school year, which then allowed them throughout the summer to go through and rehab the properties and, you know, paint all the units and clean the carpet.
So they wouldn't even allow us to have overlapping leases that allow us to move from one apartment to the next apartment. So I would always just use a storage facility, just North of Champagne for that purposes. And I did that for five years, five summers in a row. I used that storage facility. So those are some examples of how, you know, we're being affected by Corona Virus to the storage industry. And it's all really good for us, believe it or not, you know, self storage is one of those asset types where there's not a lot of people using it at any given time. You know, you may have a 1000 unit facility, and that seems like a lot of doors, but if you're actually at the facility, you'll notice that not a lot of people are there at the same time.
You may have one, two or three people moving about in a 100,000 square foot facility or 130,000 square foot facility. And they may never even come in contact with each other, you know, let alone be in close enough quarters for, you know, a virus to spread. So we have been very fortunate in that fact. When I originally went into self storage investments, I didn't do it with this in mind, but this happens to be a plus of the way that self storage works. Another thing too is the storage industry is now moving into a more technologically savvy style of operating. There's a lot of, you know, for example, there are these kiosks that you can place. Where the kiosk will allow you to rent a unit. It will allow you to buy renter's insurance. It'll allow you to buy a lock.
It will give you codes to unlock all of the security doors to get to your unit. And you can do all of this without ever having to interact with a person physically. You can do this all on your own and all through your smartphone. So those are some cool things that have happened in the storage industry in the last five to 10 years. And even to the point where now there are contact less doors. There's a system from Janice, which is one of the major suppliers in the space. It's called the NOKE system. The N O K E system. And that allows you to even open your own unit door, just using your phone. It's battery operated. So you never even have to touch any of the surfaces in the self storage facility. So hope you enjoyed this video. My name is Fernando Angelucci. I'm The Storage Stud. If you'd like to learn more about self storage, buying self storage, investing in self storage, what have you feel free to visit us and drop us a line at our website. www.TheStorageStud.com ------------------------------------------------------------------
Fernando O. Angelucci is Founder and President of Titan Wealth Group. He also leads the firm’s finance and acquisitions departments. Fernando Angelucci and Steven Wear founded Titan Wealth Group in 2015, and under his leadership, the firm’s revenue has grown over 100% year over year. Today,
Find out more at https://www.TheStorageStud.com http://titanwealthgroup.com/ Titan Wealth Group operates nationwide sourcing off market investment properties for Titan Wealth Group’s acquisition as well as servicing a network of thousands of active real estate investors world wide. Prior to founding Titan Wealth Group, Fernando worked for Dow Chemical, a Fortune 50 company, rolling out a flagship product estimated to gross $1B in global revenues.
With an engineering background, Fernando is able to approach real estate investing with a keen analytical mindset that allows Titan Wealth Group to identify opportunities and project accurate pictures of future performance.
Fernando graduated from the University of Illinois at Urbana-Champaign with a B.A. degree in Technical Systems Management.
Titan Wealth Group was founded in 2015 with the vision of gathering individual investors that have the means to invest but lack either the time to find high-yield investment opportunities or the access to these off-market deals. All too often, founders Fernando Angelucci & Steven Wear came across investors who had deployed their capital only to regret the lack of consistency or degree of returns their investments were producing. In response, Titan Wealth Group provides access to highly-vetted real estate secured investments and off-market acquisition opportunities primarily in the Greater Chicago MSA. Today, Titan Wealth Group not only assists individual investors but has grown to support the acquisition goals and capital deployment of investment groups, private equity firms, and real estate investment trusts (REITs).
As a facilitator of wealth growth, Titan Wealth Group believes that success is not limited to the sum of our efforts and is infinite with what can be accomplished through partnership.
#SelfStorage #RealEstateInvesting #AlternativeFunds
Adam Coryell is your average high-school student–well, except for that obsession with fountain pens–when his life changes forever. Based on a study by a quirky Swedish professor that claims that every human being, regardless of athletic inclination, has a body that is suited to excel in at least one sport, it turns out that Adam is good–very good, in fact–at golf. Even though he’d never even picked up a golf club.
Heartwarming and funny, sweeping and entertaining, Terry Fallis’s new book takes readers on a journey of self-discovery.
TERRY FALLIS grew up in Toronto and earned an engineering degree from McMaster University. Drawn to politics at an early age, he worked for cabinet ministers at Queen’s Park and in Ottawa.
His first novel, The Best Laid Plans, began as a podcast, then was self-published, won the Stephen Leacock Medal for Humour, was re-published by McClelland & Stewart to great reviews, was crowned the 2011 winner of CBC’s Canada Reads as “the essential Canadian novel of the decade,” and became a CBC Television series. His next two novels, The High Road and Up and Down were finalists for the Leacock Medal, and in 2015, he won the prize a second time, for his fourth book, No Relation.
A skilled public speaker, Terry Fallis is also co-founder of the public relations agency Thornley Fallis. He lives in Toronto with his wife and two sons, and blogs atwww.terryfallis.comFollow @TerryFallis on Twitter.
