Charles Noonan and Ede discuss how high earners use disciplined saving for real estate investing. Ede shares how luxury rentals attract educated investors focused on efficiency, and recalls an early deal with a brain surgeon couple who treated the property as tax-aware savings.
So I realized that everybody wants to save money. No matter how much money you get, you want to save. And the more money you get, the smarter you are with it. You don't spend it on, you know, stupid things. So I realized that. And so when I got into real estate, I just applied the same, same method.
That's awesome, man. That's smart. And you would think luxury rentals, you think luxury, you think white glove, you think high end, but really at that level is higher educated. And they're okay with, they're okay with you saying, hey, we're not going to charge you a whole lot, but we'll get you the same units.
So let's talk about the deal at house right now. And like, that was one of my first deals I did when I got into real estate. He was a brain surgeon, right? And his whole idea was my, my office is right there, and if I don't spend this money, I'm gonna get taxed on it.