Farming For Passive Income with Casey Silveria

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E31 - Unlocking Tax Deductions Using Residual Land Fertility Value with Alec Bean Jul 19, 2023

Show notes

We are joined by Alec Bean. He is an agronomist, entrepreneur, and investor focused on providing independent agri-economic consulting services and participating in businesses that empower investors, landowners, and savvy farmers to take advantage of the tax code and maximize their agronomic investments.

1:50 How he found out the Tax Code?

4:10 What is Tax Code 180?

5:20 Is it permissible to transfer ownership from parents to siblings?

10: 20: A working example of Tax Code 180

15:55 Do the regulations vary based on the crop?

18:00 His thoughts on crop rotation

21:05 Timetable required

23:40 2 pieces to remember when executing the Tax Code

31:50 The baseline when he is doing free consultations

32:20 Cost Segregation of Farmland

39:50 “The depreciation schedule as an asset and can be written off or depreciated depending on how the client wants to run it.”

42:45 Takeaway from Alec

Connect with Alec:

Website: www.asmlabs.net

LinkedIn: https://www.linkedin.com/in/alec-bean

Connect with Farmers Capital Group:

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E30 - The Journey Within: Going Inward to Find Business Success with Joanna Garzilli Jul 12, 2023

Show notes

We are joined today by Joanna Garzilli. She hosts the Looking Glass podcast and is an award-winning author and life coach whose clients have included Monica Lewinsky, Goldie Hawn, and Ernie Banks. She has been featured in many media outlets, including Fox News, Washington Post, and BBC News. Most recently, she headed up communications for marketing for a Trust company, which has grown from 500 to 1.5 Billion in assets.

2:30 How she started?

15:15 How can individuals integrate business and spiritual aspects when considering new ventures and making decisions?

18:00 Her Ivon Dunkerton story

25:15 Inputs about Agriculture today

28:22 Her movie documentary about a Spirital community doing Kriya Yoga

29:45 How do you know when you're spiritually aligned?

31:40 What is Truly Valuable?

39:45 “You're not going to have the evidence the right way that your intuition was correct.”

42:25 Book: The Call for the Wild by Jack London

43:30 The Looking Glass Podcast

46:50 “Calling oneself out on stuff.”

52:20 Takeaway from Joanna

Connect with Joanna:

Social media: @joannagarzili

Website: www.looking-glass.me

Connect with Farmers Capital Group:

Invest with us: https://farmerscapitalgroup.com/join/

E29 - Seeding Success: Cultivating Personal and Professional Growth in Agriculture with Kacee Bohle Jul 05, 2023

Show notes

EP29: Seeding Success: Cultivating Personal and Professional Growth in Agriculture with Kacee Bohle

Host: Casey Silveria

Kacee Bohle, is an Ag coach known as Ag Coach Kacee. She is from West Central Indiana and is a fourth-generation farmer's daughter. She is a certified leadership coach and has a passion for helping others in the industry. Taking a few things up a notch. She does this through Agraminds, her 12-week program that focuses on intertwining personal and professional development for those in the Agricultural industry.

2:05 How did she become an Ag coach?

3:45 “You can't ride a bike if you have never been taught how to ride a bike or have never experienced it yourself.”

5:40 How did she address seasonality and variability in agriculture within your coaching program over time?

8:00 “Investing in yourself, personally and professionally, should come out of a different budget than investing into your farm.”

9:50 “The Working Genius”

12:20 The President and Janitor story

15:40 “Discernment piece and leveraging the people.”

30:30 Team maps

33:50 “The team map is the yield monitor for your people.”

36:40 If you're in the business and you're running, and you're going full force on whatever work that you're doing, do that, be there. But when you're home, be there.”

38:30 Takeaway from Kacee

“It's important to have a plan. It's important to have intentionality, but also know you need to live now, no matter how much you prepare for the future you've got right now. And that's the only thing that is promised to you.

Connect with Kacee:

Social media: @agcoachKacee

Wesbite: www.kaceebohle.com

Connect with Farmers Capital Group:

Invest with us: https://farmerscapitalgroup.com/join/

E28 - Transforming the Investment Landscape with Travis Smith Jun 28, 2023

Show notes

Travis Smith is a grateful husband, father, entrepreneur, fintech guru, and passive investor in real estate. He is the Founder and CEO of Tribevest, which has built out the banking and collaborative infrastructure of the private investing world. Tribevest’s transparent technology has made it easy and safe to invest as a group and do deals together in as little as 48 hours.

Travis is part of the movement and one of the millions of conventional Wall Street investors breaking through the financial and societal barriers preventing most Americans from gaining access to the best real estate equity deals. Travis won’t stop until every single deal on and off the internet is an opportunity for a multi-player experience. He is building Tribevest, so you don’t always have to go it alone.

3:00- Group Investing | Leveraging efficiencies in TribeVest

5:20- TribeVest’s app

8:40- The other application - limited partners investing in syndication

16:00 506B and 506C

19:30 A possibility that non-accredited investors can take a certain test and become accredited

22:00 How he started?

25:00 How TribeVest is using communities

27:30 Odd things that people are using TribeVest to go to

33:00 The future of TribeVEst

35:00 Takeaway from Travis

Connect with Travis:

Website: www.tribevest.com

LinkedInTravis Smith

Connect with Farmers Capital Group:

Invest with us: https://farmerscapitalgroup.com/join/

E27 - Discover the power of Self-Directed IRAs with Scott Maurer Jun 21, 2023

Show notes

Host: Casey Silveria

Scott Maurer is an attorney and a graduate of the University of Florida Law School. Scott started his career with Advanta IRA in 2006. His experience with various investment types and their unique processes makes him an invaluable asset. Scott holds the designation of Certified IRA Services Professional (CISP) and leads engaging seminars and webinars that educate the public on the intricacies of self-directed IRAs. Outside of work, Scott is an avid Tampa Bay Lightning and Tottenham Hotspur fan and loves to spend time with his family.

2:00 - The meaning of Self Directed IRA

3:25 - “A self-directed IRA - is you making the decisions on how best to invest your retirement funds.”

6:45 Misconception about Self-directed IRA

9:10 Can you withdraw my investment from Real Estate if I have 50% of my portfolio allocated to it and I am dissatisfied with its performance? Are there any associated fees for doing so?

10:25 Are there people who back out after investing and go back to the stock market?

12:35 When investing in real estate syndication using a self-directed IRA, can you immediately withdraw the cash flow to pay for your mortgage, or does the account need to be held? Are there any stipulations regarding the tax-free status of the funds?

14:15 Are there any limitations or rules, such as the 4% rule, regarding withdrawals from a self-directed IRA account?

15:45 Can you pass these accounts on to your children?

18:05 Roth IRAs

22:25 Is there different limitations on how much you can invest per year in each type of IRA account?

30:40 The value of Self-directed IRA

32:40 SEP account

34:30 Solo 401Ks

34:55 Takeaway from Scott

Connect with Scott:

Website - www.advantaira.com

Phone - 800 425 0653 ext 113

Connect with Farmers Capital Group:

Invest with us: https://farmerscapitalgroup.com/join/

E26 - Success Through Alignment: Building Strong Teams and Partnerships with Jon Dwoskin Jun 14, 2023

Show notes

Host: Casey Silveria

Jon Dwoskin overcame every possible life experience that could’ve gotten him stuck! He is the author of The Think Big Movement, and Founder of The Jon Dwoskin Experience. At the age of 18, Jon already knew what he wanted to do and that was to help people reach their potential. But at age 30, he was diagnosed with cancer. And in 2008, a month after getting into a C-suite exec position, the market crashed.

2:28 Where did his passion come from?

05:20 The process of restructuring a business

09:20 How does Jon help people define clarity?

11:46 “Understanding how time works and how to prioritize is critical.”

12:25 Structuring and utilizing your calendar

15:04 His thoughts on the eat the frog concept of the Deep book

22:03 Strategic partners to look for in their business

29:00 The 24-hour rule

31:01 How does he foster courage in small businesses or large businesses?

35:17 Takeaway from Jon

Connect with Jon:

(248) 535-7796

Website: jondwoskin.com

Connect with Farmers Capital Group:

Invest with us: https://farmerscapitalgroup.com/join/

E25 - Finding Opportunities while Creating an Impact with Jordan D’Silva Jun 07, 2023

Show notes

Host: Casey Silveria

Jordan D’Silva is the CEO of Web City Properties, a family-owned and operated real estate investment firm focused on single-family rentals, value-add multifamily, and residential development in southern Dallas and surrounding areas. Web City Properties has 14 full-time employees and over 40M in assets under management.

Web City Properties was started by Jordan’s father, John D’Silva, in 2005. John was an immigrant who came to the United States from India in the 1970s and built multiple businesses from the ground up before starting Web City Properties in Dallas with the intention to buy, rehab, sell, and rent single-family homes in southern Dallas. He grew the business to 500+ units over 15 years before passing away in 2020. Jordan D’Silva took over after his passing and has worked to pivot the company’s investment strategy into multifamily and development opportunities.

Jordan has had success identifying new investment opportunities acquiring 30+ single-family rentals since 2020, a 12-unit multifamily property in Weatherford in April 2022 and is a partner on a 96-unit student housing property in Waco, TX. He has successfully built two single-family houses and is currently building another three more in DFW. He has multiple opportunities in the pipeline including a 24 unit SFR portfolio and a co-warehousing investment opportunity.

Jordan is also passionate about creating social impact in Dallas, starting a nonprofit to work with local organizations and entrepreneurs to create grassroot level solutions to systemic problems impacting the community. He has consulted with 3+ entrepreneurs, created multiple partnerships with local housing organizations to provide support services, and is poised to lead an immigrant business incubation program in Spring 2023.

2:08 How Jordan started?

5:30 Is it common for there to be a significant undersupply of housing in Dallas, with approximately 10 million homes underdeveloped for housing?

6:37 “The more multi-family you can get, the faster you can scale and the greater impact you can have.”

7:15 Zoning Restrictions in Dallas

08:55 What ADU means?

16:10 Their in-house property management

19:10 “Build out our portfolio first and then look at the potential to expand.”

19:40 How are they simultaneously improving or adding value for their tenants and company?

26:40 How are you adapting your approach to deal analysis considering development costs and interest rates in the current nuanced economic situation?

30:40 How do they mitigate risk?

33:22 Takeaway from Jordan

Connect with Jordan:

Website: www.webcityequity.com

LinkedIn: Jordan Dsilva

Connect with Farmers Capital Group:

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E24 - Harvesting Harmony: Finding Common Ground in Farm Family Communication with Elaine Froese May 31, 2023

Show notes

Host: Casey Silveria

Elaine Froese is a professional speaker, writer, and coach who specializes in helping farm families work through issues surrounding succession, business or that family favorite – communication. Elaine is known as “Canada’s Farm Whisperer,” and she’s

been a columnist in Grainews for 26 years. Elaine is a member of the Canadian Association of Farm Advisors and the Canadian Association of Professional Speakers with the CSP, certified speaking professional designation. Many folks tell Elaine that they “wish they had met her ten years ago.” Her awards include Excellence in Farm Mgt (Wilson Loree 2018), 4-H Canada’s Most Distinguished Alumna (2018), Manitoba 150 Women Trailblazer (2020), Certificate of Merit U of Manitoba Faculty of Ag. (2021)

1:37 How she started being a Family Farm Coach?

03:22 The main pain points she solves

04:25 Why Conflict is not bad and hard to tackle?

7:35 Why Farm Families are avoiding conflict?

10:15 How did she become Canada’s Farm Whisperer?

11:51 3 links - Family, Management, and Ownership system

16:35 Her number question as a Farm Coach

17:25 Financial Transparency in Farm Transition

18:37 A sample of Farm Transition discussion

24:25 “Different is not wrong, it is just different”

26:30 Identifying the conflict mindset

29:40 “You do not have, because you do not ask.”

31:50 Discussion of the books she wrote

35:50 “Life is like a roll of toilet paper. The faster, the quicker you get to the end of the roll.”

37:25 Takeaway from Elaine

Connect with Elaine:

Instagram / Facebook / Tiktok: @farmfamilycoach

Connect with Farmers Capital Group:

Invest with us: https://farmerscapitalgroup.com/join/