Creating Wealth Real Estate Investing with Jason Hartman CW 1058 - Millennial Rents, Value of Networking & Who Gets the Bailouts
Jason Hartman is joined by his "brother" Dan as the two discuss the value networking. Dan (who Jason considers to be one of the best networkers he's ever met) gives some tips on how to break through to your networking targets, and how crucial the network becomes when recessions start affecting you.
Jason also goes over some new information he discussed in the previous episode, as he discovered how much money millennials are actually spending on rent and what that's led them to give up.
Key Takeaways:
[1:38] Is Jason the most experienced person in his field? Try and beat his roughly 10,000 deals
[5:32] The value of networking
[11:00] Always be conscious of the other person
[14:58] Millennials are spending 45% of their income on rent
[20:39] What has to give when the percentage of income is higher than before?
[23:41] The financial crisis was 10 years ago last week, and terrible advice is still being given
[26:16] In downturns, the people who get the bailouts and the most help are people with the high loan balances
[28:58] Your network is going to be even more important when downturns happen
Website:
www.JasonHartman.com/Properties