Description

On today’s Performance Mindset podcast, Amy interviews Tommy Brachey, founder of Key Real Estate Consulting, Charlotte Land & Minerals, and serves as Advisor, Vice President with eXp Commercial. Tommy specializes in pairing deeded mineral properties with 1031 exchanges, self-directed IRAs, and solo 401(k) plans. Tommy also partners with real estate brokers, 1031 qualified intermediaries, family offices, fund managers, business brokers, and estate planners to drive deal flow nationwide. He is the author of “Leveraging Mineral Rights and the 1031 Exchange.”

In this episode, you’ll hear:

1. Tommy Brachey’s interest in the mineral rights and deeded mineral rights niche, and how he ended up in the field.
2. What a 1031 exchange is and why it matters to people who want to defer property taxes on their sales.
3. The importance of building a professional village around you to best protect your assets.
4. Some of the most common mistakes investors make with 1031 exchanges and how to avoid them.
5. Why you can’t take constructive receipt of the funds during a 1031 exchange.
6. The appeal of mineral rights, the tax advantages they have that other assets don’t, and an example of how it might work.
7. Performing a 1031 exchange at the last minute rather than leaving enough runway to do it properly.
8. Tommy’s role as more of an educator rather than a salesman.
9. Some of the challenges in 1031 exchanges involving mineral rights.
10. The downsides of the triple T: tenants, toilets, and trash.

Connect with Amy Calandrino here:

Beyond Commercial

Amy Calandrino

Connect with Tommy Brachey:

(214) 998-8198

mgmt@keyrealestateconsulting.com

www.keyrealestateconsulting.com

www.linkedin.com/in/thomas-brachey

Get your free copy of “Leveraging Mineral Rights and the 1031 Exchange”: www.charlotteminerals.com/lead-magnet-11737949130705