Innovative Wealth Strategies in Real Estate with Frank Hanna Jr.
Wealth creation frequently involves real estate, with tax strategies and asset class comprehension playing vital roles.
In the latest episode of Zen and the Art of Real Estate Investing, Jonathan discusses these aspects with Frank Hanna, Jr., founder of Revolution Exchange. Specializing in tax-free exchanges, Revolution Exchange offers tailored solutions for real estate investors, combining comprehensive analysis and tax-advantaged turnkey programs. Frank's background in real estate adds additional insights to their wealth management approach.
Jonathan and Frank delve into Frank's early introduction to real estate via his parents, explaining why he leans towards multifamily properties for investment and clarifying the triple net lease concept. They dissect the advantages of triple net leases, reflecting on how COVID served as a litmus test for them, and Frank shares his thoughts on diversifying investment portfolios. Jonathan further explores tax breaks through Delaware Statutory Trusts (DST) and 1031 exchanges with Frank.
You won’t want to miss these highlights of Jonathan and Frank’s conversation:
Triple net leases can be incredibly beneficial to investors, making the tenant responsible for the upkeep of the property.
Diversifying your portfolio is crucial to your investment strategy if you want to be successful.
A Delaware Statutory Trust (DST) is the only passive real estate option that meets the 1031 exchange criteria.
Successful investors don’t panic.
Frank Hanna, Jr.’s vast knowledge surrounding real estate and wealth management will give you new ideas to consider for managing your wealth-building strategy.
If you want to learn more about Zen and the Art of Real Estate Investing Podcast, check out http://www.trustgreene.com/podcast/zen/091.