In this episode of The Real Estate Guys™ show, we bring the Summit at Sea™ to you! In part two of our Summit recap, listen to expert investors discuss the topics they know best, including:
- Why moving to Puerto Rico can save you big bucks
- What kind of capital you need to prepare for the future
- The benefits of investing in real assets
And more! Our faculty will give you a taste of life at sea on the Summit cruise ship.
You’ll hear from:
- Your smooth-sailing host, Robert Helms
- His seasick (just kidding!) co-host, Russell Gray
- Economist Peter Schiff
- Chris Martenson and Adam Taggart, co-authors of Prosper!
- The apartment king, Brad Sumrok
- David Sewell, agricultural farmland broker and syndicator
- Brand-building consultant Kyle Wilson
- Syndicator Michael Becker
- Author of the Gold Newsletter, Brien Lundin
- Precious metals dealer Dana Sanderson
- Real estate guru Kathy Fetke
- And finally … the godfather of real estate, Bob Helms
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Tax free in sunny Puerto Rico
The Summit at Sea™ is more than just a once-in-a-lifetime educational opportunity … it’s also a cruise around the Caribbean.
One of our stops was lovely Puerto Rico (PR), where some Summit attendees were lucky enough to be hosted by faculty member Peter Schiff. Peter moved his family and business to Puerto Rico about five years ago.
“It was not a sacrifice,” says Peter. He sees great benefits to living in PR. It’s very family friendly and has beautiful weather and beaches and great communities.
But the biggest benefit … and the reason Peter relocated to this island territory … is the tax breaks. Puerto Rico has a four percent corporate tax, and residents can receive dividends tax free.
Living and working in PR is the best way to maximize tax benefits … although you only need to be in the area 183 days a year. But since Peter is “trapped by the school year,” he chooses to enjoy this island paradise year round.
“It’s not as onerous as it seems,” he says of getting and maintaining Puerto Rico residency. We can vouch for that!
Ways to build your capital
Chris Martenson and Adam Taggart joined us on stage to chat about the value of attending the Summit … and the importance of building the eight types of capital they outline in their book, Prosper!
Their key takeaway from the Summit? The number of millennials interested in finding ways to build capital and prepare for the future. “There is a critical mass of young investors who are keenly interested in our message,” says Chris.
During a breakout with millennials, Chris and Adam witnessed young investors getting the chance to learn from experienced investors.
They were impressed by millennials’ command of pressing issues, including, Adam says, resource depletion, species extinction, and the fact that lifestyle costs are quickly outpacing wages.
“Younger generations have nothing to gain if the status quo continues as it is, but older generations have everything to lose,” notes Adam. The big question is how to resolve this tension.
Younger generations will be the ones to come up with solutions … so it’s important they realize that the other side of challenge is always opportunity.
Folks who are intelligent and aware will have a chance to make an awful lot of money … but they can’t do it with financial capital alone.
“If all you have is financial capital, you’ve basically just painted a big target on yourself,” Adam says. He says emotional capital is probably the most important form of capital to have.
That means being able to handle crisis without falling apart … and coming back stronger. It’s the willingness to be vulnerable … and make meaningful connections with other people.
“It’s hard to find places where you can drop your guard,” says Adam, but that’s why the Summit is so extraordinary … it allows attendees to be real and experience true connection with a diverse group of people.
Turning dollars into precious metals
We had two faculty members speak to our attendees about precious metals investing. Brien Lundin is the author of the Gold Newsletter, and Dana Samuelson is a precious metals and rare coins dealer.
We invited these men to join us as faculty members because even though our focus is real estate investing, we believe investors should be looking at the bigger picture of all real assets … including precious metals.
“I was really blown away at the quality of the speakers, the audience interactions, and the audience itself,” Brien says. Dana agrees, “I’ve never met a more unassuming group of over-achievers in my life.”
Both men had similar advice for investors.
According to Brien, “Some level of dollar depreciation is inevitable.” And, he adds, “Every developed economy is in the same boat.”
Gold provides a hedge against appreciation because it’s the standard of wealth … and has been since currency was first created. “We are seeing a U.S. fiscal situation where debt is going to increase, which will naturally push gold higher,” says Dana.
For investors unsure of where to start, Dana offers reassurance. “Buying and selling gold is pretty easy these days,” he says. Investors have the option of buying physical metals or coins, buying in paper form through ETFs, or buying by proxy through mining shares.
If that’s not a sign to go for the gold, we don’t know what is!
The Summit experience
We spoke to six other Summit faculty to get their takes on this year’s Summit.
Multi-family investor and syndicator Brad Sumrok says, “I thought I knew what to expect, but I was blown away. The Summit is a mind-expanding experience.”
A common thread was the value of connecting with other investors … even outside of formal sessions. “Dinners and hanging out were the most valuable part of the cruise,” says syndicator Michael Becker.
A third-year faculty member, Kyle Wilson, says, “The network and connections are unbelievable. We come to get good ideas and bounce ideas off of each other.”
David Sewell agrees that the Summit is a center for unbelievable growth and learning. “I learn something new every time I’m here.”
Like our gold-loving friends, David believes in the value of investing in real assets to gain protection from the volatile dollar. His chosen asset is agricultural real estate, specifically coffee and cacao farms in Latin America.
Because of high, steady demand, getting into the coffee and chocolate business is “almost a no-brainer,” David says.
His goal is to monetize his business away from U.S. dollars into gold … and he’s learned how to do that, he says, by attending the Summit and learning from the stellar faculty.
Both David and real estate expert Kathy Fetke, along with many other Summit attendees and faculty, know big changes are coming to the U.S. dollar and to resource availability around the world.
But, says Kathy, “The right advice can change everything.” It can be scary to realize the reality of things … but you can’t prepare for the future if you don’t know what’s coming.
The Summit is invaluable for Kathy because it provides a chance to hear about massive upcoming changes … and discover ways to prepare.
For example, Costa Rica and Ohio are both wonderful places for growing food and accessing clean water, two things Kathy says will be incredibly important to have in an uncertain future.
Kathy was also impressed by the young people at the Summit. “They give me confidence in the future,” she says.
Our long-time contributor Bob Helms, the grandfather of real estate, agrees. “I was very impressed with the information, energy, and knowledge of the young people,” he says.
Want to get on the boat next year? Get on our advanced notice list! We’ll send you updates as soon as they’re available.
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