real estate

“But I mean, I do believe most, most value in real estate is by a change of use.”

“He bought real estate. Great. Now he's going to take this huge depreciation, you know on, on the real estate he bought. And then if he sells it for a gain, he's going to 10 31, exchange it into another real estate property and pay no gains.”

“A yacht or like cars, those are like low use, high maintenance, whereas a house is like tremendously high use and actually quite low maintenance for most homes, because for, you know, they have a cleaning staff, they have like people that can come take care of…”

“Most likely to succeed is real estate because there's no luck required. It's just hard work, blocking and tackling, doing the things.”

“If you're gonna build a community or a media company in any niche, this is one that I would bet on, because You know, if you're not going to go for something new and sexy like crypto or whatever, you know, this is where a lot of money is to be made and there's…”

“Compounding also comes into play here in a way that doesn't happen in the stock market. And doesn't even really happen in real estate. Real estate has it to an extent, but not in the same way as how fast your reputation can compound in startup investing.”

“And the kind of the strategy that my wife and I had was let's just try to get somewhat wealthy with tech stuff and have that continue to make cashflow and, you know, selling companies and pile a lot of it into real estate because that's something, because like…”

“It's why most operating businesses don't lend themselves to multi-generational families. Of course, there are exceptions and some very important ones, but real estate is a much more Tolerant asset for multi-generation”

“I hate real estate so much that I don't build equity in my own houses. So I do interest only mortgages because I want everything in businesses because businesses, a business can earn a million dollars of revenue and then the next year do a hundred million doll…”

“If someone's completely, if they're not an investor at all, then sure, go buy a house all day, whatever. It's a reasonably okay investment. But if you're even remotely smart and you know how to read and you go and read investing books and stuff, I think it's c…”

“I regret buying real estate. I wish I didn't own any real estate, and I wish I just invested in other people's funds.”

“It's better than real estate because in real estate you have, let's say depreciation or the 10 31 exchange. These are great, but they're deferrals. Whereas this is not a deferral. This is simply, you just have a, you know, you have a exclusion on a hundred per…”

“The first thing I think everyone should know, even people who are not entrepreneurs yet is the U S tax code is rigged in favor of business owners. It's very intentional, but you can look at a country's tax code and learn a lot about what it stands for. And in …”

“If you own that real estate, you can use depreciation to offset 20, 30% of the purchase price as a business loss that year.”

“Buying real estate, you know, we have everything from commercial properties to single families that we've turned into various Airbnbs land, farmland, regular land. Those have been our biggest winners.”

“Passive income when it comes to real estate, if you own the thing, that, that, that ain't true. It's still like a business that you have to run. There is no set it and forget it.”

“I just started giving him money and it's been amazing. I don't lift a finger and I'm getting like, you know, 30, 40% returns with all the tax advantages. So that was my best investment and I'll be doubling down there.”

“Buying real estate that you have to operate. It's just like starting a small business that you have to work 10 hours a week on. It sucks. It's hard.”