Today's Flash Back Friday comes from Episode 892, originally published in October 2017.
Jason welcomes client, Clay Slocum to the show. Clay is a millennial who currently has four properties in his real estate portfolio. Before buying his first property, Clay worked diligently with Oscar, his Investment Counselor, and a Local Market Specialist to play around with the numbers and he discovered his initial investment could grow exponentially. Clay shares his insights on the power of compounding interest, asset protection, and the Memphis market.
Key Takeaways:
[01:10] Jason comments on the Las Vegas terrorist attack.
[09:30] Compound interest can be a powerful tool against inflation.
[15:12] Engineers take an analytical approach to investing.
[17:22] After 18 years, $100,000 grow to 14 million.
[24:43] Jason explains a Deferred Sales Trust.
[28:39] If you are on the fence about investing talk with an investment counselor.
[39:33] Asset Protection is a complicated subject you should speak with a lawyer about.
[48:58] Resources for tax help.
Mentioned in This Episode:
Jason Hartman
Real Estate Tools - Property Tracker Software
Venture Alliance Mastermind
Compound Interest Calculator
Creating Wealth Real Estate Investing with Jason Hartman