Greg Herlean
👤 PersonAppearances Over Time
Podcast Appearances
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.
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.
So that was, so for me, that's kind of where it started was understanding, you know, as far as entrepreneurs, understanding where money and capital is at. And I think that's really important.
So that was, so for me, that's kind of where it started was understanding, you know, as far as entrepreneurs, understanding where money and capital is at. And I think that's really important.
So that was, so for me, that's kind of where it started was understanding, you know, as far as entrepreneurs, understanding where money and capital is at. And I think that's really important.
Yeah well I think it's funny too because I think when you start life I at least me right and I think most people you assume when you look at these billionaires or people with a ton of real estate whatever you assume they somehow earned that money and just bought it all right and then you actually learn like I'm friends with some billionaires and stuff. They rarely ever use their own money.
Yeah well I think it's funny too because I think when you start life I at least me right and I think most people you assume when you look at these billionaires or people with a ton of real estate whatever you assume they somehow earned that money and just bought it all right and then you actually learn like I'm friends with some billionaires and stuff. They rarely ever use their own money.
Yeah well I think it's funny too because I think when you start life I at least me right and I think most people you assume when you look at these billionaires or people with a ton of real estate whatever you assume they somehow earned that money and just bought it all right and then you actually learn like I'm friends with some billionaires and stuff. They rarely ever use their own money.
I hate like the smart billionaires never use their own money. They're always using. And I actually got into real estate when I was about 20 and I used my student loan. I took a student loan out and I worked full time, had a personal training business. So that paid all my bills and I'd save like 30 grand. just from that business.
I hate like the smart billionaires never use their own money. They're always using. And I actually got into real estate when I was about 20 and I used my student loan. I took a student loan out and I worked full time, had a personal training business. So that paid all my bills and I'd save like 30 grand. just from that business.
I hate like the smart billionaires never use their own money. They're always using. And I actually got into real estate when I was about 20 and I used my student loan. I took a student loan out and I worked full time, had a personal training business. So that paid all my bills and I'd save like 30 grand. just from that business.
And then I took the student loan out and put all of that towards my first real estate deal. And then every year I bought another one because the profits I put straight into a separate account to work on the down payment. So I just, you know, that's one example. And I'm sure that's how you've got some of your 2000 doors and units isn't like you're not buying them all in cash, right?
And then I took the student loan out and put all of that towards my first real estate deal. And then every year I bought another one because the profits I put straight into a separate account to work on the down payment. So I just, you know, that's one example. And I'm sure that's how you've got some of your 2000 doors and units isn't like you're not buying them all in cash, right?
And then I took the student loan out and put all of that towards my first real estate deal. And then every year I bought another one because the profits I put straight into a separate account to work on the down payment. So I just, you know, that's one example. And I'm sure that's how you've got some of your 2000 doors and units isn't like you're not buying them all in cash, right?
You're leveraging money.
You're leveraging money.
You're leveraging money.
Leveraging money in particular, my place is retirement funds. I mean, that's something you and I spoke about for a second, but I don't think people really grasp that they understand how much money is in retirement accounts. And this is one of the secrets.
Leveraging money in particular, my place is retirement funds. I mean, that's something you and I spoke about for a second, but I don't think people really grasp that they understand how much money is in retirement accounts. And this is one of the secrets.
Leveraging money in particular, my place is retirement funds. I mean, that's something you and I spoke about for a second, but I don't think people really grasp that they understand how much money is in retirement accounts. And this is one of the secrets.