Dropping Bombs Why Wealthy People Pay Less Taxes Legally
Dec 9, 2025
In this insightful conversation, Shannon Robnett, a second-generation real estate developer with over $425 million in completed projects, dives into the fundamentals of wealth building through multifamily and industrial real estate. He shares brutal lessons learned from losing $5 million in 2008 and his bounce-back strategies that yield 25% investor returns now. Shannon also discusses tax-advantaged strategies, the importance of aligning incentives, and offers valuable tips for new investors on underwriting and scaling their portfolios.
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Control Construction Costs Early
- Use design-build and involve trades early to eliminate change orders and control costs.
- Count every piece and vet subcontractors to avoid overruns and schedule delays.
Manage Schedule And Maintain Reserves
- Prioritize schedule management because interest and delay costs can explode budgets.
- Keep cash reserves to pay milestones and attract reliable contractors for timely completion.
Insist Sponsors Have Skin In The Game
- Require sponsors to commit capital; Shannon puts 5% in every deal to align incentives.
- Prefer sponsors with meaningful skin in the game to ensure they fight to protect investors' money.