Why You Need a Real Estate Advisor on Your Wealth Management Team

Why You Need a Real Estate Advisor on Your Wealth Management Team

2 years ago 0 0 923

As the end of 2016 quickly approaches and you ponder year-end donations and 2017 financial objectives, you should consider if you need someone to help you reach your goals—or to advise you on what those goals should be. Let’s take a look at your team. The Coach The Coach develops a game plan based on circumstances. Do you become your own coach, or do you consult with a wealth manager or financial planner to mold your circumstances and financial objectives into an effective financial plan? This is the first big call. The Roster Then, you must ask yourself: Who should be my team players? A typical team consists of a financial advisor, an investment manager, a CPA, an insurance advisor and an estate attorney. Now, the water becomes somewhat murky here because some of these players wear multiple hats. In certain cases, they work for a fee on your behalf.

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Sell high? Not so fast!

3 years ago 0 0 1590

One of the truisms of investing is that you should always sell high — in other words, when the market is at its peak. With values for commercial properties approaching, and in some cases surpassing, “all time highs,” one might argue for aggressive selling. Not so fast! Pause, take a breath, and consider the following decision pathway: 1.    A primary consideration should be “What will you do with the money from the sale?” In this market, virtually all asset classes are very expensive, and cash is yielding close to nothing. This leads to question #2… 2.    If the current property is financially sound and producing a good return, why replace it for another? Unless… 3.    If the current property is not performing well, no longer meets your objectives, has changed fundamentally, or has fulfilled the objectives for which it was purchased, it may be time to sell. 4.    Are the

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‘Tis the Season to Consider Family Owned Real Estate Assets

4 years ago 0 0 1418

What better time than the winter holiday season to talk about avoiding conflict and maximizing value for family-owned real estate assets? Family gatherings are upon us, tax season is just around the corner, and the real estate market is once again bustling with opportunity. Whether inherited, directly acquired, or held in a partnership, family-owned real estate can be a source of generational wealth and opportunity. Or they can cause considerable heartache today and for generations to come. Here are four tips for harmonious, profitable management of family-owned real estate: 1. Hire an unrelated, independent professional who will give you an unbiased and unemotional evaluation of the real estate owned. Whether you’re incorporating real estate into an estate plan or you have received individually or jointly inherited real estate, an objective professional evaluation is essential. The emotional investment, if you will, that many people have in family owned real estate, combined

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