#78. Benjamin Carmona—From Burned-Out Landlord to Hands-Off Investor
In this episode Benjamin Carmona, a seasoned expert in real estate finance and 1031 exchanges shares his journey from growing up in the LA area to becoming a financial advisor specializing in real estate. He discusses the importance of 1031 exchanges for baby boomers and seniors looking to transition from active property management to passive income streams. Ben emphasizes the value of working with knowledgeable advisors and highlights the unique benefits of Delaware Statutory Trusts (DSTs) in estate planning and tax deferral. The conversation also touches on Ben's personal experiences, including the challenges of starting his own business, Perch Wealth, and his investment strategies focused on passive income through real estate and other assets.
Ben Carmona is a managing partner at Perch Wealth. With more than 20 years of applied experience, Ben is an expert in 1031 exchanges, Delaware Statutory Trusts, real estate investments, structures, and strategies.
During his tenure at some of the most prominent, industry-leading investment management firms, including Cantor Fitzgerald, NexPoint Advisors, and Capital Square Advisors, Ben was involved in acquisitions, finance, due diligence, underwriting, product structuring/syndication, and sales management. Through this experience, he has developed a comprehensive understanding of alternative investments and the financial services industry with deep knowledge and expertise in structured 1031 products – tenancy-in-common (TIC), Delaware statutory trusts (DSTs), non-listed real estate investment trusts (REITs), non-listed business development companies (BDCs), private equity and debt funds, interval funds, and other private placement syndications.
Ben’s various executive roles and work within the financial services industry have helped hone his business instincts and acumen. His career has led him to become uniquely qualified to provide guidance on how products are structured and operated. His insight – along with his ability to uncover key variables that play a significant part in the probability of success for a particular investment – is critical to meeting his clients’ financial goals.
Ben holds a Bachelor of Arts (BA) degree in finance, real estate, from San Diego State University, as well as Financial Industry Regulatory Authority (FINRA) series 7, 24, and 63 licenses.
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