Creating Wealth Real Estate Investing with Jason Hartman CW 1101 - Warren Buffett & Real Estate, Portfolio Makeover & Merry Christmas!
Jason Hartman talks with investment counselor Doug about the holiday season and what Warren Buffett can teach us with his investing strategy. A good deal is a relative term, and you have to look at the deal both today and in the future in order to see if it's truly a good one. The beauty with real estate is that, unlike investing in companies, is that it's a simple asset class that doesn't involve constant market corrections and adjustments.
The two also discuss the idea of a portfolio analysis and makeover, as well as how a market downturn might impact the new influx of institutional investors.
Key Takeaways:
[8:04] Most good deals are in the rear view mirror
[11:37] A clip on Warren Buffett's investing strategy
[13:46] Don't sit around waiting for the deal to come to you. Find a quality product with demand (at a price tha tmakes sense) and buy it
[18:51] Unless companies, there's no need to re-invent your house every few years. It's a simple asset class.
[20:18] Why you want to understand things like interest rates and money supply
[23:27] Why you need to do a portfolio makeover
[27:17] The next market downturn will show us how institutional investors will react
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