When you are a successful business owner, you may want to consider strategies that could reduce your tax liability and establish wealth outside your business. To do that, consider a consultant who understands the importance of direct real estate investments to diversify your wealth. The problem is, most traditional planners, may be unaware of the intricacies of direct investment real estate. And few include direct investment properties in their recommendations.
At Obsidian Planning Solutions, we take a comprehensive approach when developing plans for business owners and entrepreneurs. You may want to consider a consultant who makes recommendations by looking at your entire financial situation. It’s essential to understand and utilize all of your assets, like real estate, to balance both risk and opportunity. We know how a business owner’s finances are intertwined and work to leverage both.
When you have diversified your net worth, you should have the knowledge to make well-informed decisions, confidence in your future, and diversify your wealth beyond your business.
References to Direct Real Estate investments are unrelated to securities. Direct real estate investors should perform their own investigations before considering any investment. There are material risks associated with investing in direct real estate including but not limited to illiquidity, tenant vacancies, general market conditions, and competition, interest rate risks, the risk of new supply coming to market and softening rental rates, general risks of owning/operating commercial and multifamily properties, short term leases associated with multi-family properties, financing risks, potentially adverse tax consequences, general economic risks, development risks and long hold periods. There is a risk of loss of the entire investment principal. Potential cash flow, potential returns, and potential appreciation are not guaranteed. For an investor to qualify for any type of investment, there are both financial requirements and suitability requirements that must match specific objectives, goals, and risk tolerances. Diversification does not guarantee profits or protect against losses.