How to use 1031s & DSTs to Create Generational Wealth with Tim Tepes

Описание: Building generational wealth through real estate isn’t just about buying properties—it’s about knowing how to preserve capital, defer taxes, and strategically reposition assets over time. On this episode of the Next Level Income Podcast, we sit down with real estate veteran Tim Tepes to break down two powerful tools that sophisticated investors use to scale and protect wealth: 1031 exchanges and Delaware Statutory Trusts (DSTs).

With over three decades of hands-on experience and more than 2,000 properties closed, Tim brings rare, real-world insight into how these strategies work beyond theory—and how investors can use them to move from active ownership into long-term, legacy-focused investing.

🔗 Connect with Tim Tepes

🌐 http://www.timtepes.com
🌐 https://www.simplifyingthemarket.com/...
🌐 https://mls-client.com/7B9EB306
🌐 https://totalclosellc.com/
🌐 https://tim-tepes-realtor.agentfire3....

📧 Email: [email protected]



⏱️ Episode Timestamps

00:00 Intro – Saving taxes and increasing property value
00:16 Welcome to the Next Level Income Show
00:34 Generational wealth with 1031 exchanges & DSTs
00:59 Introducing guest Tim Tempest
01:18 Why generational wealth planning matters
02:24 Tim’s background: Growing up in construction & real estate
02:50 “Bottom of the ladder” lesson from Tim’s dad
03:12 Early real estate investing journey
03:28 Learning hard work, discipline, and delayed gratification
04:21 Early mentors, investing basics & compounding interest
05:30 The importance of mentors and mastermind groups
06:03 Life lessons from blue-collar work & perspective
07:17 Finding mentors and learning early investing strategies
07:23 First stock investments & dollar-cost averaging
08:30 Family real estate legacy & buying from the estate
09:36 Mastermind culture and learning from peers
10:39 What is a 1031 exchange?
11:09 Chris’s first 1031 exchange success story
12:40 How 1031 exchanges work (rules & timelines)
13:33 Case study: Helping a widow avoid $2M in taxes
14:17 Moving from active rentals to passive DST income
15:06 Diversification across asset classes & states
16:04 Turning tax savings into long-term income
17:06 Reinvesting income for compounding wealth
18:09 Teaching compounding interest to kids
19:01 Using 529 plans and planning ahead for children
20:04 Living below your means & reinvesting gains
20:36 Teaching compounding with real-world examples
22:08 Helping kids understand business ownership
23:03 Preserving wealth with step-up basis
24:03 What are DSTs, K-1s, and dynasty trusts?
25:11 Avoiding probate and protecting assets
26:12 Family rules, education, and legacy planning
27:21 Vanderbilt vs Rockefeller wealth lesson
28:14 Discipline, sacrifice, and long-term thinking
29:39 The 1% rule: Learning something every day
30:08 How to contact Tim Tempest
30:39 Final thoughts & going viral
30:56 Free resources & show wrap-up