Quietly Building Equity & Wealth as you Grow Your Biz
Chris Hurn is an odd bird: He’s a serial entrepreneur like so many of us, but he’s also a banker. He actually started a bank a few years ago, which in the midst of what’s going on in the world, is a major accomplishment.
I met Chris in a private Mastermind Group I had the privilege of being a part of, and he’s one of the sharpest guys in any room.
I interviewed Chris about building long-term equity. This is easier in some businesses than others. If you’re in manufacturing or software development that might be easier than a service, consulting or publishing business.
In this interview we discuss quietly building equity in the same commercial real estate that your business inhabits – with significant tax advantages.
This would normally be considered way off topic in Planet Perry, but it probably applies to 10-20% of us. Here, Chris discusses a relatively straightforward way to build up millions of dollars of long-term equity. He also discusses a seldom-mentioned US government lending program called a 504 that makes commercial property ownership much more realistic.
Here’s Chris, with a wealth strategy more people need to be aware of:
Get Chris’s book “The Entrepreneur’s Secret to Creating Wealth”