Fri, 24 November 2017
Vinney Chopra came into the United States with $7 in his pockets, and a work ethic to take him far in life. From selling encyclopedias door to door for 80 hours a week to now buying $25+ million apartment complexes, Vinney hasn't let anything stand in his way.
Listen in as Vinney tells Jason Hartman the story of his immigration, and how his investment career has unfolded.
[1:40] Vinney's immigration story
[4:31] Vinney first started earning his money by selling encyclopedias door to door
[8:18] The first home Vinney bought, and when he got into the rental property business
[11:53] Transitioning from single family homes to multifamily
[15:03] There are things you can do with multifamily investments that don't make sense for single family
[19:22] Portability has become the new norm for residents of apartments and single family homes
Fri, 17 November 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.
[2:33] Compound interest can be a powerful tool against inflation.
[8:15] Engineers take an analytical approach to investing.
[10:25] After 18 years, $100,000 grow to 14 million.
[17:46] Jason explains a Deferred Sales Trust.
[21:42] If you are on the fence about investing talk with an investment counselor.
[32:36] Asset Protection is a complicated subject you should speak with a lawyer about.
[42:01] Resources for tax help.
"Opportunity cost is a cost most people don’t evaluate."
"When it comes to asset protection most people think about the internal threat, not the external threat which can be costlier."
Sun, 12 November 2017
For this 10th Episode, Jason Hartman talks with author Dan Millman about his new book The Hidden School and his best-seller The Peaceful Warrior.
The two discuss Dan's spiritual search, the difference in Eastern and Western cultures, the difference between selfish and Selfish, and other philosophical questions.
[2:42] How Dan's new book fits in with his original book The Peaceful Warrior
[6:46] The importance of travel
[11:35] The power of media
[15:50] It's important to think of the more existential questions in life
[21:18] How understanding and understanding that we're all connected helps us
Fri, 3 November 2017
AIPIS 209 - Getting Over the Mental Hurdle of Self Managing Remote Properties with Cash Flow Guys Tyler Sheff
Tyler Sheff, host of the Cash Flow Guys podcast, invited Jason Hartman on his show to discuss the different market types in the USA, and got some tips on remote managing as well. Jason explains that the stigma behind buying homes sight unseen, as well as self managing properties a thousand miles away, has abated some due to the wonders of technology.
[2:12] What Jason learned when he owned properties in 11 states
[7:08] Whether Tampa is a linear, hybrid, or cyclical market
[11:34] Our brains relation to the number 3 and how it relates to Jason's diversification strategy
[16:13] Jason's experience of beginning to self manage his remote properties
[18:46] When tenants are connected directly rather than through a property manager they tend to take care of more things themselves
[23:48] The need for standardized data when evaluating properties