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Zachary Roper: “We kind of have a rough three year plan for where we'd like…”

Featuring: Zachary Roper, Democratic | Candidate for Governor of Wisconsin

Episode 62: Income Diversification for Long-Term Financial Success with Zachary Roper

Published November 7, 2024 | Video Starts at 40:06

We could leverage to grow. And I've talked to my partner a little bit about what that scenario could look like over the next couple years and We kind of have a rough three year plan for where we'd like that [real estate] portfolio to be. Or the other thing that I've thought about is can I go out and buy a business myself? I've seen private equity do this and make tons and tons of money throughout my career. (40:06–40:11)

CLAIM

Asserts that Zachary Roper has a rough three-year plan for his real estate portfolio.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Zachary Roper

“You lose 40 to 50% of your income to taxes when you work for someone else.”
Episode 62: Income Diversification for Long-Term Financial Success with Zachary Roper | Uploaded November 7, 2024 | 22:36-22:40
“I can make $150,000 in a business, and by the time I've utilized all the tax strategies that I can use to save money from running it through…”
Episode 62: Income Diversification for Long-Term Financial Success with Zachary Roper | Uploaded November 7, 2024 | 22:50-23:12
“This is what the most recent precedent says in regards to the Augusta Rule. Which is one of the rules where you can literally just take…”
Episode 62: Income Diversification for Long-Term Financial Success with Zachary Roper | Uploaded November 7, 2024 | 24:24-24:33
“If you can save 500 bucks out of your paycheck, that probably puts you in the top 5% of American savers in the country, maybe more.”
Episode 62: Income Diversification for Long-Term Financial Success with Zachary Roper | Uploaded November 7, 2024 | 31:51-31:58
“I went to school at Indiana, majored in business.”
Episode 62: Income Diversification for Long-Term Financial Success with Zachary Roper | Uploaded November 7, 2024 | 02:39-02:42
“Kelly [School of Business] is a great program, continues to be, you know, an accelerating program. I think this most recent year they were…”
Episode 62: Income Diversification for Long-Term Financial Success with Zachary Roper | Uploaded November 7, 2024 | 02:41-02:50
“I got a CPA and went to work for KPMG.”
Episode 62: Income Diversification for Long-Term Financial Success with Zachary Roper | Uploaded November 7, 2024 | 03:20-03:30
“Probably 85% of my clients at KPMG [were private equity clients].”
Episode 62: Income Diversification for Long-Term Financial Success with Zachary Roper | Uploaded November 7, 2024 | 03:50-03:54
“I went to Houlihan Lokey, the investment bank.”
Episode 62: Income Diversification for Long-Term Financial Success with Zachary Roper | Uploaded November 7, 2024 | 04:48-04:52
“I got my first paycheck less than two weeks after I officially started my company.”
Episode 62: Income Diversification for Long-Term Financial Success with Zachary Roper | Uploaded November 7, 2024 | 06:31-06:36
“Worked four years with KPMG, grinding through the senior ranks.”
Episode 62: Income Diversification for Long-Term Financial Success with Zachary Roper | Uploaded November 7, 2024 | 08:14-08:19
“Worked on 250, 300, 400, $500 million billion dollars plus businesses.”
Episode 62: Income Diversification for Long-Term Financial Success with Zachary Roper | Uploaded November 7, 2024 | 09:32-09:45
“Picked up a client that does $40 million in revenue.”
Episode 62: Income Diversification for Long-Term Financial Success with Zachary Roper | Uploaded November 7, 2024 | 10:57-11:10
“When I pick up a client that does $30 million in business and they want to grow.”
Episode 62: Income Diversification for Long-Term Financial Success with Zachary Roper | Uploaded November 7, 2024 | 10:58-11:03
“Most small business owners at $30 million, they spend something on marketing.”
Episode 62: Income Diversification for Long-Term Financial Success with Zachary Roper | Uploaded November 7, 2024 | 11:42-11:47
“I don't work quite in what I would consider the middle market of private equity.”
Episode 62: Income Diversification for Long-Term Financial Success with Zachary Roper | Uploaded November 7, 2024 | 13:18-13:22
“Private equity fund that'll come in, they'll raise money and they'll say we are going to roll up X, Y or Z industry.”
Episode 62: Income Diversification for Long-Term Financial Success with Zachary Roper | Uploaded November 7, 2024 | 13:33-13:40
“There are some huge funds, billions and billions and billions of dollars in these funds.”
Episode 62: Income Diversification for Long-Term Financial Success with Zachary Roper | Uploaded November 7, 2024 | 14:13-14:19
“They bring in 100 million in equity funding, they finance the deals with debt funding as best as they can.”
Episode 62: Income Diversification for Long-Term Financial Success with Zachary Roper | Uploaded November 7, 2024 | 15:03-15:11
“Middle market private equity, they'll write the 100 or $200 million check to buy from these private [equity firms].”
Episode 62: Income Diversification for Long-Term Financial Success with Zachary Roper | Uploaded November 7, 2024 | 15:18-15:24
“Taking them public, it's like a whole different ball game in private equity.”
Episode 62: Income Diversification for Long-Term Financial Success with Zachary Roper | Uploaded November 7, 2024 | 15:59-16:04
“Residential roofing is extremely hard to be profitable at on a small scale.”
Episode 62: Income Diversification for Long-Term Financial Success with Zachary Roper | Uploaded November 7, 2024 | 18:17-18:23
“They circumvented the entire supply chain of getting the residential roofs.”
Episode 62: Income Diversification for Long-Term Financial Success with Zachary Roper | Uploaded November 7, 2024 | 18:27-18:36
“They went straight to the insurance companies and they said, we want to negotiate a fixed rate to repair your roofs.”
Episode 62: Income Diversification for Long-Term Financial Success with Zachary Roper | Uploaded November 7, 2024 | 18:38-18:44
“They got like 10 of these houses a week.”
Episode 62: Income Diversification for Long-Term Financial Success with Zachary Roper | Uploaded November 7, 2024 | 19:02-19:05
“At 30 grand a pop, that's some serious revenue that's starting to come in now.”
Episode 62: Income Diversification for Long-Term Financial Success with Zachary Roper | Uploaded November 7, 2024 | 19:08-19:14
“They grew to a point where the insurance company like doing business with them so much.”
Episode 62: Income Diversification for Long-Term Financial Success with Zachary Roper | Uploaded November 7, 2024 | 19:14-19:18
“If you own a business and you are paying more than, like, let's call it a 20% effective tax rate, by the time everything is said and done…”
Episode 62: Income Diversification for Long-Term Financial Success with Zachary Roper | Uploaded November 7, 2024 | 21:40-21:51
“The company is strategic navigators. This is what they do. They do wealthy small business tax.”
Episode 62: Income Diversification for Long-Term Financial Success with Zachary Roper | Uploaded November 7, 2024 | 23:35-23:42
“The biggest thing that I see with small businesses that fail that had, you know, gotten to the 10 million or 15 million dollar mark and then…”
Episode 62: Income Diversification for Long-Term Financial Success with Zachary Roper | Uploaded November 7, 2024 | 26:05-26:12
“They started spending money to make money. They didn't track their cash flow quick enough or they had a couple bad months and they assumed…”
Episode 62: Income Diversification for Long-Term Financial Success with Zachary Roper | Uploaded November 7, 2024 | 26:12-26:23
“I own a real estate company that does not make a lot of money, but it puts money in my pocket every single month like clockwork.”
Episode 62: Income Diversification for Long-Term Financial Success with Zachary Roper | Uploaded November 7, 2024 | 28:59-29:08
“We don't have debt on [the duplex] because me and a partner were able to scrounge up the cash to pay cash for it.”
Episode 62: Income Diversification for Long-Term Financial Success with Zachary Roper | Uploaded November 7, 2024 | 29:55-30:01
“I maxed out every single retirement plan I possibly could have, every single employer match my own personal Roth IRA until I phased out of…”
Episode 62: Income Diversification for Long-Term Financial Success with Zachary Roper | Uploaded November 7, 2024 | 30:52-31:02
“I know this year that I'm unlikely to make as much money in November or December as I have in the first 10 months of the year.”
Episode 62: Income Diversification for Long-Term Financial Success with Zachary Roper | Uploaded November 7, 2024 | 33:01-33:08
“I am currently in a position where I'm financially blessed enough that I'm not worried about making my mortgage payments next month.”
Episode 62: Income Diversification for Long-Term Financial Success with Zachary Roper | Uploaded November 7, 2024 | 36:39-36:46
“We could leverage to grow.”
Episode 62: Income Diversification for Long-Term Financial Success with Zachary Roper | Uploaded November 7, 2024 | 39:59-40:02
“I'm developing a website that I'm hoping will be going live by the end of November.”
Episode 62: Income Diversification for Long-Term Financial Success with Zachary Roper | Uploaded November 7, 2024 | 41:58-42:03
“I own the domain and it's actually what my email address is appended to.”
Episode 62: Income Diversification for Long-Term Financial Success with Zachary Roper | Uploaded November 7, 2024 | 42:14-42:18
“The website is not finished being built yet.”
Episode 62: Income Diversification for Long-Term Financial Success with Zachary Roper | Uploaded November 7, 2024 | 42:18-42:21
“Once the branding is finalized, we'll be live in about seven, seven days.”
Episode 62: Income Diversification for Long-Term Financial Success with Zachary Roper | Uploaded November 7, 2024 | 42:23-42:28