How To Protect Your Money When Doing Deals - Generational Gains Ep. 26

12/17/24 • 26 min

In Episode 26 of the Generational Gains Podcast, Greg Herlean and his son Carson dive into a crucial topic: How to Protect Your Money When Doing Deals.
In this value-packed conversation, they share personal experiences and practical advice on:

Asking the Right Questions before investing
Due Diligence Steps for Real Estate, Partnerships, and More
Avoiding Emotional Decisions and Staying Focused on Your "Why"
The importance of vetting who you invest with and understanding risks

From first-time investors to experienced deal-makers, this episode offers actionable tips to keep your investments safe and sound while avoiding common pitfalls.
Whether you're investing in real estate, lending, or business partnerships, you'll learn:

How to identify red flags in deals
Why understanding judicial vs non-judicial states matters for lenders
The value of working with attorneys and reviewing financials
How to balance risk vs reward in your investment strategy

As always, Greg and Carson close the episode with their family tradition of Sweet, Sour, and Service, sharing meaningful reflections on their week.
Don't forget to follow for more episodes on building generational wealth!

Watch the full video episode on Greg's YouTube Channel here: https://www.youtube.com/@gregherlean
Follow and connect with Greg on IG: https://www.instagram.com/gregherlean/
Check out Greg's website here: https://www.gregherlean.com/
Carson's IG: https://www.instagram.com/c.herlean/
Carson's TikTok: https://www.tiktok.com/@carsonherlean

Asking the Right Questions before investing
Due Diligence Steps for Real Estate, Partnerships, and More
Avoiding Emotional Decisions and Staying Focused on Your "Why"
The importance of vetting who you invest with and understanding risks

How to identify red flags in deals
Why understanding judicial vs non-judicial states matters for lenders
The value of working with attorneys and reviewing financials
How to balance risk vs reward in your investment strategy

Previous Episode

Mastering Storage Unit Investments - Generational Gains Ep. 25

In Episode 25 of Generational Gains, Greg Herlean and his son Carson take a deep dive into the exciting world of storage unit investing—a "boring but sexy" asset class that offers high returns with minimal headaches.
What you'll learn in this episode:

Why storage units are a hidden gem in real estate investing.
How to identify undervalued storage facilities and turn them into high-yield assets.
The power of tax benefits like 1031 exchanges and depreciation.
Tips for partnering with experienced investors and scaling your portfolio.

Plus, they discuss the importance of learning from mentors, family dynamics, and how sports and live music bring joy to their lives. Don't miss the closing family tradition, "Sweet, Sour, and Service," where Greg and Carson share their personal highs, lows, and acts of service for the week.
Follow for more insights on real estate, entrepreneurship, and family values!
Chapters:
0:00 Intro & Episode Overview
1:18 Why Storage Units Are Greg’s Favorite Asset Class
3:11 Identifying Profitable Storage Deals
8:00 Adding Value to Storage Units with Simple Tweaks
14:20 Advice for New Investors: Partnering for Success
20:07 Sweet, Sour, and Service
Do you have questions or want to partner on a deal? Reach out to us!

Next Episode

Crushing 2025 Goals & Building Wealth | Generational Gains Ep. 27

Welcome to Episode 27 of Generational Gains! Greg and Carson Herlean kick off 2025 with a powerful discussion on goal setting, financial strategies, and preparing for the year ahead.
In this episode, they break down:
- Wins & lessons from 2024
- Smart tax strategies for high earners
- The importance of liquidity in uncertain times
- How to stay focused and avoid distractions
- Building strong financial foundations with family & friends
Carson shares his approach to wealth-building in his early career, while Greg reflects on decades of entrepreneurial experience—including lessons learned from past recessions. Plus, they dive into the power of open money conversations with loved ones and peers.
Don’t miss this episode full of insights to help you level up in 2025!