Creating Wealth Real Estate Investing with Jason Hartman 1645: Elon's $1.5 Billion Move, Green New Deal Impact on Investors, Client Case Study Chad Hewitt
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.
Key Takeaways:
[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.
Chad Hewitt
[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.
Websites:
Jason Hartman PropertyCast (Libsyn)
Jason Hartman PropertyCast (iTunes)
1-800-HARTMAN