Creating Wealth Real Estate Investing with Jason Hartman CW 765 - Nick Sargen - GLOBAL SHOCKS, An Investment Guide for Turbulent Markets, Morgan Guaranty Trust, Salomon Brothers, Prudential Insurance & J.P. Morgan
The market is moving and it seems to be moving in the right direction for real estate investors. The historical average for appreciation for single family homes is ~6% nationwide. If you are already an income property investor, the good news is rents may be pushing upward. Jason's guest today is the author of the new book, Global Shocks: An Investment Guide for Turbulent Markets. Nick Sargan is Senior VP and Chief Economist at Fort Washington Investment Advisors. He is a former economist at Morgan Guaranty trust, Salomon Brothers, Prudential Insurance and JP Morgan. He shares his insights about how the markets will react to a Trump presidency.
Key Takeaways:[2:50] Large corporations take advantage of customer's time and call center workers are drones.
[8:45] The flawed cap rate is an evaluation of a property's performance minus appreciation and leverage.
[14:45] The annual Meet the Masters of Income Property Event is in January.
Nick Sargen Guest Interview:
[16:55] President-elect Trump may lead the US with a pro-business stance.
[20:27] Trump is a spender which could lead to higher interest rates.
[22:35] Nick Sargen worries about Trump's trade issue.
[25:21] Budget deficits do not mean inflation.
[27:58] Trump will be a pro-growth, real estate president.
[30:50] The market is moving with the belief that all of Trump's policies will promote growth.
[33:40] Diving into the Global Shocks: An Investment Guide to Turbulent Markets book.
[36:14] How to capitalize on a bubble.
[39:58] Financial institutions have led the way during the current stock market rally.
Mentioned in This Episode: