Greg Herlean
👤 PersonAppearances Over Time
Podcast Appearances
Not only did I get into real estate, I also started a family and I have five kids. That's a big part of my why. But real estate has been a vehicle for me and I've been able to create massive wealth that way. to afford the five kids and the memories. But really, I mean, I started with nothing. My dad was in the military and got into real estate.
But I think what we're going to talk about today is really what catapulted me to the next level, learning how to avoid taxes and do things that I didn't really know was possible, nor did my parents know was possible 23 years ago.
But I think what we're going to talk about today is really what catapulted me to the next level, learning how to avoid taxes and do things that I didn't really know was possible, nor did my parents know was possible 23 years ago.
But I think what we're going to talk about today is really what catapulted me to the next level, learning how to avoid taxes and do things that I didn't really know was possible, nor did my parents know was possible 23 years ago.
Yeah, it's funny, you know, just to dive straight in on the tax thing. Like, I think every entrepreneur that becomes successful, we'll go through this journey of like, we first learn how to make a lot of money and grow our business. And then we end up paying a lot of taxes. And then if we get pretty advanced, we go, oh, crap, there's got to be a better way.
Yeah, it's funny, you know, just to dive straight in on the tax thing. Like, I think every entrepreneur that becomes successful, we'll go through this journey of like, we first learn how to make a lot of money and grow our business. And then we end up paying a lot of taxes. And then if we get pretty advanced, we go, oh, crap, there's got to be a better way.
Yeah, it's funny, you know, just to dive straight in on the tax thing. Like, I think every entrepreneur that becomes successful, we'll go through this journey of like, we first learn how to make a lot of money and grow our business. And then we end up paying a lot of taxes. And then if we get pretty advanced, we go, oh, crap, there's got to be a better way.
And we partner with, you know, big companies. financial experts and people like yourself. And I've got lots of advisors that work with billionaires and you start learning all these legal, but more advanced tax strategies on how you can obviously write off stuff and do it all properly. So I'm excited to dive into some of that today and
And we partner with, you know, big companies. financial experts and people like yourself. And I've got lots of advisors that work with billionaires and you start learning all these legal, but more advanced tax strategies on how you can obviously write off stuff and do it all properly. So I'm excited to dive into some of that today and
And we partner with, you know, big companies. financial experts and people like yourself. And I've got lots of advisors that work with billionaires and you start learning all these legal, but more advanced tax strategies on how you can obviously write off stuff and do it all properly. So I'm excited to dive into some of that today and
And also, you know, one thing that I know we're going to talk about that's interesting is how to actually leverage capital to in less typical means. Right. Versus just going to the bank. So super excited to dive in. But let's start with the main secrets. Right. So what are some of the main things most entrepreneurs don't know about about money?
And also, you know, one thing that I know we're going to talk about that's interesting is how to actually leverage capital to in less typical means. Right. Versus just going to the bank. So super excited to dive in. But let's start with the main secrets. Right. So what are some of the main things most entrepreneurs don't know about about money?
And also, you know, one thing that I know we're going to talk about that's interesting is how to actually leverage capital to in less typical means. Right. Versus just going to the bank. So super excited to dive in. But let's start with the main secrets. Right. So what are some of the main things most entrepreneurs don't know about about money?
Well, look, I think entrepreneurs, one of the most difficult and important things is raising money. And so being able to get capital or partners or leverage and where to go. And the typical places people go would be a bank or a friend or a family member, right? And that's usually where it would end.
Well, look, I think entrepreneurs, one of the most difficult and important things is raising money. And so being able to get capital or partners or leverage and where to go. And the typical places people go would be a bank or a friend or a family member, right? And that's usually where it would end.
Well, look, I think entrepreneurs, one of the most difficult and important things is raising money. And so being able to get capital or partners or leverage and where to go. And the typical places people go would be a bank or a friend or a family member, right? And that's usually where it would end.
And I learned at the age of 22, like, okay, someone taught me what we're going to talk about today of a whole nother place where there's tons of money that people are just unhappy with that you can start talking to. And literally my first real estate deal, someone lent me money from their retirement plan, like just a little condo in Las Vegas, a $60,000 condo.
And I learned at the age of 22, like, okay, someone taught me what we're going to talk about today of a whole nother place where there's tons of money that people are just unhappy with that you can start talking to. And literally my first real estate deal, someone lent me money from their retirement plan, like just a little condo in Las Vegas, a $60,000 condo.
And I learned at the age of 22, like, okay, someone taught me what we're going to talk about today of a whole nother place where there's tons of money that people are just unhappy with that you can start talking to. And literally my first real estate deal, someone lent me money from their retirement plan, like just a little condo in Las Vegas, a $60,000 condo.
And I never knew before I heard someone talk about this, this was even an option. A bank wouldn't lend me money. My family had zero money. But someone taught me this and I was like, wow, someone with their IRA can give me the money and then I can pay them back profits and they pay nothing in taxes until they pull it out someday.