Wed, 1 November 2017
CW 904 - Your 5 Year Plan Contest, Buying $100 Per Month for 30 Years, and Multi-Dimensional Investments
Over the past few years, investment properties have become harder and harder to get a really good deal, but there are still solid investments available. You just have to be willing to shift your mindset away from what you could have gotten 5, 10, 15 years ago.
You're being presented with the ability to have someone put $100+ in your bank account for the next 30 years, for the price of a down payment (around $20,000), not even taking into account all the other tax benefits you'll receive.
Jason Hartman and Sara, his investment counselor, talk about what's going on in the investment property market, the importance of a long term plan, and why cash flow can ease concerns of high interest rates.
[3:55] The relative scarcity of real estate is why values continue to go up (and will continue to)
[7:49] The marketplace is the marketplace, and we must adjust our expectations in accordance with reality
[9:31] How real estate investors who have been doing it for 10+ years are adjusting their expectations for properties
"On no other asset class can you get such phenomenal financing, because income property is so secure"
[14:59] Investors are having to invest in multiple markets due to low inventory availability
[19:27] Jason's upcoming 5 year plan contest
[26:07] That interest rates are still this low is baffling to Sara and Jason
"People usually underestimate what they can do in 1 year, and they radically underestimate what they can do in 5 years"