Boomers Are Sitting On MILLIONS!

Key Takeaways

So, but who's who's actually buying the boomers houses at the values that they're expecting for their retirement funds? >> Other boomers who are still alive financing their kids. That's it. And so now once all the boomers are gone, I know people talk about this transfer of wealth and there's going to be this huge transfer of wealth. >> No, they're going to die trying to sell the house, right? They're going to still have the house. >> There is a ton of people we deal with people all the time who are worth 10, 20, 50 million dollars. They have so much real estate that they own commercial, industrial, residential, and they just live these very frugal lifestyles and their kids also live ordinary lifestyles making ordinary income. Like I get I get clients who are like, "Yeah, I have like eight properties I got to sell. My parents have passed. It's going to estate." And like they're all very middle class or even below. Their whole life was like that. That's how they were raised, but their parents just kept buying real estate and they own it and their parents don't do anything with it. It's under managed. Now when they die, they pass it to the kids and now the kids are are inheriting millions of dollars. I got that scenario in multiple estate cases right now. >> Check out the full video on YouTube and Spotify.