Fri, 12 March 2021
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.
[1:15] Owns a scaffolding business is quite similar to owning a short term rental company.
[2:10] Triple net leases simply mean that all expenses pass through to the tenant.
[3:30] Originally inspired by Rich Dad, Poor Dad.
[7:00] Triple net vs. individual residential real estate.
[11:20] Anyone with a decent paying job can get past the 16k barrier to entry.
[14:00] Income property is the most tax-favored asset in America because you can depreciate it.
[20:30] With a 1031-exchange, you don't need to do the recapture when you sell a home.
[25:00] Because of the Green New Deal, the cost to develop your average apartment complex is going to go up.
Fri, 5 March 2021
You don’t need a booming housing industry to make money, just a good strategy. Ken poses the question, when the dust settles, which businesses will still be standing, and where will the concentration of people be? Jason Hartman predicts a strain on the housing supply in the not-so-distant future as he postulates that few will be incentivized to get rid of a home loan with such historically low-interest rates.
[2:00] How much has life changed in the recent 10, 20 years?
[3:30] The tech companies are likely to be broken up.
[5:00] You can make money in any environment if you adjust your strategy.
[10:00] Ken’s tips on how to find deals and evaluate them.
[16:40] Definite move from retail to housing.
[22:00] There is obvious truth of an asset shortage - as in bidding against 45 other buyers.
[31:10] City/State revenue comes from Taxpayers. There is a potential for cities to file bankruptcy.
[37:45] The bubble ‘should’ve popped’ already, but ‘they’ can keep kicking the can down the road.
[41:25] “I still think there is going to be a crash; it’s just being propped up with money which is going to create inflation.” -McElroy
[43:20] Jason predicts a future strain on housing supply because of so many home purchases with historically the lowest interest rates ever.