From Tech to Real Estate: Tips to Building Tax-Free Wealth
Ken McElroy Show
Ken McElroy
4.8 • 692 Ratings
🗓️ 21 November 2024
⏱️ 60 minutes
🧾️ Download transcript
Summary
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Visit Ken's Bookstore: https://kenmcelroy.com/books
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ABOUT KEN: Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, and The ABC’s of Property Management. With over two decades of experience in real estate investing, Ken McElroy is passionate about sharing the good life by helping real estate investors grow and prosper. This podcast is a place for Ken to discuss numerous topics connected to real estate investing, including finance, budgeting, the entrepreneur mindset, and creating passive income. Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.
Ken's company: https://mccompanies.com
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DISCLAIMERS: Any information or advice available on this podcast is intended for educational and general guidance only. Ken McElroy and KenMcElroy.com, LLC shall not be liable for any direct, incidental, consequential, indirect, or punitive damages arising out of access to or use of any of the content available on this podcast. Consult a financial advisor or other wealth management professional before you make investments of any kind.
Although Ken McElroy and his affiliates take all reasonable care to ensure that the contents of this podcast are accurate and up-to-date, all information contained on it is provided ‘as is.’ Ken McElroy makes no warranties or representations of any kind concerning the accuracy or suitability of the information contained on this podcast. Any links to other websites are provided only as a convenience and KenMcElroy.com, LLC encourages you to read the privacy statements of any third-party websites. All comments will be reviewed by the KenMcElroy.com staff and may be deleted if deemed inappropriate.
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Transcript
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| 0:00.0 | So today we have Eric Sue on. It was a segment that the two of you did at Limitless. |
| 0:07.0 | Yeah, that was awesome. So this guy's a digital marketing genius and he's buying up media companies and he is just on a role. |
| 0:15.2 | Well, I think the interesting part, though, is this was supposed to be an interview where you were interviewing him. |
| 0:20.3 | But he did a lot of interviewing. |
| 0:22.9 | Well, it's funny because he comes from the Silicon Valley space, right? |
| 0:26.9 | And he's into these tech startups. |
| 0:29.0 | And he's done extremely well. |
| 0:32.1 | But the thing about most Silicon Valley tech guys is that they pay a lot of tax according to him yeah and he said we |
| 0:40.7 | don't even think about it we just grow these businesses and we exit and we pay a lot of tax and and so |
| 0:46.9 | he's learning about real estate so he started to get very curious as I started to tell him the big |
| 0:52.7 | question which is the purpose of a business |
| 0:54.6 | is to own real estate. That kind of blew his mind. It did blow his mind. And I think that he just didn't |
| 0:59.0 | understand that, you know, he's paying so much tax and he doesn't have to. And I think a lot of |
| 1:04.3 | high-end employees don't realize that, right? Like doctors and surgeons and lawyers, like they don't |
| 1:10.7 | understand that you can offset your tax |
| 1:12.7 | burden through real estate and that's why a lot of people that make a lot of money are in real |
| 1:16.7 | estate well that's why we have 4,000 plus people on our investor list because there's a lot of people |
| 1:21.3 | that yep absolutely so check this episode out and let us know what you think. |
| 1:46.9 | Yep. So my name's Eric Sue. This is Ken over here, obviously. He's the mastermind of all this. And so I have a podcast. One's called marketing school. The other one's called leveling up. So we're going to talk about business. We're going to talk about marketing. And hopefully you guys get a nugget or two. I'm sure Ken's got a ton of wisdom here. |
| 1:52.0 | And I'm going to go ahead and get started. So here we go. Can I got a question for you? |
| 1:54.8 | You're $800 million in debt right now. What's going on? |
| 2:05.5 | Well, as I said yesterday, you know, we're in the 50s LTV. So we're not very levered, right? |
... |
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