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Case Studies

VFO Physician's Real Estate Portfolio Optimization

This case study demonstrates how our Virtual Family Office approach brought VFO Specialist Keith Conway and his team at The Fortez Group together with an advisor and his client to help solve complex financial situations that the advisor couldn’t address alone. By collaborating on wealth management, we delivered comprehensive solutions that addressed both immediate concerns and long-term goals.
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Keith Conway

Virtual Family Office

The Fortez Group

Client Profile

  • Physician who built substantial real estate portfolio as second profession.
  • Portfolio included single-family homes, commercial properties, and medical office building.
  • High net worth individual with children (estate planning concerns).
  • Actively practicing physician with limited time for property management.

Client Challenges and Painpoints

  • Tax Concerns: Growing real estate portfolio created increasing tax burden of+$160k/year.
  • Time Management: Client spent too much time handling tenant issues, taking away from medical practice.
  • Legacy Planning: Needed easier way for children to inherit wealth.
  • Portfolio Optimization: Suspected missed opportunities to improve cash flow by 1.6x more income annually.

Strategic Implementation

Our Virtual Family Office Specialist collaborated to develop a comprehensive solution:

1. Sale-Leaseback Structure: For the medical office building where her practice operated.

  • Structured favorable sale price while maintaining practice location.

2. 1031 Exchange Implementation: For smaller properties in portfolio.

  • Deferred capital gains taxes
  • Reinvested proceeds into larger commercial asset with better passive income

3. Professional Property Management: Vetted and secured local property management firm

  • Eliminated day-to-day landlord responsibilities.
  • Maintained ownership and income stream.

4. Advanced Insurance Strategy: Coordinated with insurance specialist

  • Funded cash-value life insurance policy.
  • Created asset protection.
  • Protected estate from future tax liabilities.

Potential Client Results

  • Approximately $300,000 in deferred taxes from capital gains and depreciation recapture.
  • Eliminated property management responsibilities while maintaining ownership.
  • Optimized portfolio for better income production.
  • Insurance solution providing:
    • Additional retirement income stream regardless of real estate performance.
    • Asset protection for family.
    • Reduced future estate tax exposure.

To learn more about the services provided by the Fortez Group, please reach out to the advisor or accountant who shared this case study with you.

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