Empire

How to Use 1031 Exchanges to Build Your Real Estate Empire

Investment Tips /
How to Use 1031 Exchanges to Build Your Real Estate Empire

(Image credit: Getty Images) Meet Sarah McDonald, a software engineer from Austin who bought her first rental property in 2018 — a modest three-bedroom house for $280,000. Fast-forward to today, Sarah now owns a 24-unit apartment complex worth $3.2 million. The secret to her transformation from small-time landlord to commercial real estate investor? She discovered […]

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How to Turn Your 401(k) Into A Real Estate Empire — Without Killing Your Retirement

Personal Finance /
How to Turn Your 401(k) Into A Real Estate Empire — Without Killing Your Retirement

It’s human nature. You visit a charming coastal town or picturesque lake village and turn to your spouse on the ride home and say, ‘I love that spot. Let’s buy a place. We can rent it out. It will help pay the bills in retirement.’ Then the dream collides with financial reality: How will you

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Inside the Toxic Legacy of Georgia-Based Mulitbillion-Dollar Carpet Empire

Life Insurance /
Inside the Toxic Legacy of Georgia-Based Mulitbillion-Dollar Carpet Empire

Bob Shaw glared at the executives from the chemical giant 3M across the table from him. He held up a carpet sample and pointed at the logo for Scotchgard on the back. “That’s not a logo,” fumed Shaw, CEO of the world’s largest carpet company, one attendee later recalled. “That’s a target.” Weeks earlier, 3M

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Tainted Baby Milk Hits Billionaire Family’s Powerful Dairy Empire

Life Insurance /
Tainted Baby Milk Hits Billionaire Family’s Powerful Dairy Empire

For the secretive billionaire Besnier family, the recent recall of potentially dangerous infant formula made by its nearly century-old firm brings an uncomfortable feeling of deja vu. Just eight years ago, the French clan behind Groupe Lactalis, the world’s biggest dairy company, and its chief executive officer — third-generation scion Emmanuel Besnier — faced another

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Lawsuits Pile Up for a Nursing Home Empire Built Despite State Investigations

Health Insurance /
Two Workers Sue Over New York City Legionnaires’ Disease Outbreak

In February 2024, a Los Angeles County jury awarded $2.34 million to an 84-year-old nursing home resident named Betsy Jentz, finding that the facility had violated her rights on 132 occasions, at times leading to serious injuries. Six months later, an Alameda County jury found another facility had violated the rights of 71-year-old James Doherty,

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[The Alexander City Outlook] Building a National Waterfront Real Estate Empire Through Data and Specialization

Real Estate Buying & Selling /
[The Alexander City Outlook] Building a National Waterfront Real Estate Empire Through Data and Specialization

Photo by Alex Staudinger The U.S. waterfront real estate market is highly fragmented yet immensely valuable, and instead of chasing growth through large agent rosters and high transaction volume, Lake Homes Realty has become a leading lake-focused brokerage by cultivating a smaller, highly skilled agent network supported by deep market expertise. CEO and Lead Economic

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Warren Buffett Reveals Why His Eldest Son Will Inherit the Empire — Inside the Succession Plan

Investment Tips /
Warren Buffett Reveals Why His Eldest Son Will Inherit the Empire — Inside the Succession Plan

Key Takeaways Howie Buffett is a philanthropist, farmer, and the middle child of Warren Buffett. After Warren dies, Howie is set to become Berkshire Hathaway’s non-executive chairman. Warren trusts Howie, who has sat on the boards of multiple companies, to preserve Berkshire’s culture and look after its shareholders. Howie plans to keep things as they

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