Today's guest is Van Carlson, Van is the Founder & CEO at SRA 831(b) Admin and has over twenty-five years of experience in the risk management industry.
Van’s primary goal is to continue the upward growth of SRA and continue to develop new products to bring to market.
He explains how 831B plans provide a tax-advantaged means of self-insurance for business owners that cover risks that are either too costly to transfer to standard insurance policies or not generally insured.
He also talks about how these plans can act as a financial cushion, possibly converting cost centers into profit centers through the investment and growth of plan funds in a tax-deferred manner.
Van also addresses common misconceptions and emphasizes the significance of adopting 831B plans with the right intent to prevent unnecessary IRS attention, as well as the flexibility of these plans in managing certain risks such as damage waivers and rent protection.
Episode Topics
[01:17] Meet our guest, Van Carlson
[02:53] The Power of Self-Insuring: Transforming Risk into Opportunity
[06:27] Maximizing Returns: The Strategic Advantage of 831B Plans
[17:48] The Future of Multifamily Investments: Adapting to New Challenges
[24:53] The Impact of Market Conditions on Insurance for Multifamily Properties
[31:47] The IRS's View on Innovative Insurance Plans
[38:32] What is one red flag every investor should look out for?
[39:11] What is a myth about the real estate business?
[41:31] Connecting to Van
Notable Quotes
👉Connect with Van Carlson
👉 Connect with Tim
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https://podcasts.apple.com/us/podcast/journey-to-multifamily-millions/id1634643497