Mon, 8 February 2021
Jason Hartman talks about the opportunities presented by the lurking crises. While some may have concerns about pending laws, people will vote with their feet - and end up in markets that investors might prefer. What can we make of Elon's latest Bitcoin move? Some are still throwing the dice at Bitcoin and similar crypto-currencies, but real estate proves to be a smarter investment.
Chad Hewitt appropriately and humorously likens his scaffolding business to a short-term rental property. This Rich Dad, Poor Dad inspired investor shares his real estate story with the Hartman Network.
[1:30] Crisis is an opportunity riding the dangerous wind.
[3:00 What did Elon do?
[9:30] "At the end of the day, the most important vote is where people choose to live and how they choose to spend their money." -Jason
[11:45] Let's talk about the central banks and the government printing press.
[12:45] Elon Musk's $1.5 billion move to the decentralized, uncontrolled trust-less asset.
[20:45] Be sure to check out Property Tracker and The Empowered Investor Inner Circle.
[22:15] Owns a scaffolding business is quite similar to owning a short term rental company.
[23:10] Triple net leases simply mean that all expenses pass through to the tenant.
[24:30] Originally inspired by Rich Dad, Poor Dad.
[28:00] Triple net vs. individual residential real estate.
[32:20] Anyone with a decent paying job can get past the 16k barrier to entry.
[36:00] Income property is the most tax-favored asset in America because you can depreciate it.
[41:30] With a 1031-exchange, you don't need to do the recapture when you sell a home.
[41:00] Because of the Green New Deal, the cost to develop your average apartment complex is going to go up.