#425 What is an REIG?

Main Street Business

Mark J Kohler and Mat Sorensen

Tax Reform, Entrepreneurship, Business, Irs Updates, Tax Tips, Legal Compliance, Business Structure, Tax Prep, Accounting, Tax Strategies, Management, Financial Reporting, Estate Planning

2.4 • 584 Ratings

🗓️ 21 April 2023

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

Real estate investment groups (REIGs) may seem like an easy way to invest in real estate without the hassle of managing the property yourself. However, there are several potential downsides to consider. First, you have no control over the properties being invested in, which can be a major disadvantage for those who prefer a hands-on approach. Second, high fees and costs associated with the investment can eat into returns and make it difficult to sell your ownership interest in the group. It's...

Transcript

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0:00.0	We're talking about REIGs.
0:01.9	Some of you may have heard of an REIG and like, ooh, this sounds really exciting.
0:05.4	Mark and I have a couple of REIGs.
0:07.6	The big takeaway here is we love people investing together, building wealth together, buying
0:13.0	real estate together.
0:14.1	Just don't get bamboozled.
0:15.8	Don't think that you're talking to someone that has something new and special when they
0:19.8	talk about an REIG. Welcome everyone to the Main Street Business podcast. This is Matt Sorensen. I'm joined by the great and powerful Mark J. Kohler. Wow. Okay. We're you people. We are trying to come with every adjective we can to introduce each other, just trying to help each other feel better because, you know, we're just sensitive guys that need a little hug me kiss every
0:38.7	day so we're going to you know compliment each other while we do our podcast so that's okay
0:42.7	there's nothing wrong with that there's nothing wrong with that well you want to dig into the topic
0:46.6	today i'm pretty excited about it actually yeah it's another um i'm a little um fiery a little pissy. I'm a little testy.
0:55.8	Fair warning, everyone. Yeah, we're talking about REIGs, real estate investment group.
1:02.7	I don't know who the marketing company was that came up with REIG, but it's another ploy
1:08.7	from another company trying to get recognized, trying to get their
1:11.9	name out there, bless their heart, coming up with another stupid name for using, like typically
1:18.3	this is with life insurance, you know, some sort of infinite banking or bank on yourself or blah,
1:23.5	blah, blah, just another phrase to sell or talk about the same damn thing. Why can't we just talk about the same thing?
1:29.2	But someone has to go out and market it. So what does it mean? Well, it's a, what is it for? Well, yeah, I'm just trying to give the background here. Some of you may have heard of an REIG and like, ooh, this sounds really exciting. No, that's nothing. It's the same thing. like hiking boots there, skis, Patagonia.
1:45.2	That's R-I.
1:46.5	Oh.
1:47.0	Yeah, that's a store.
1:47.9	Okay. It's nothing. It's the same thing. Like hiking boots there, skis. Yeah, that's our.
	...

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