Wed, 14 February 2018
CW 959 - Client Case Study, Scott & Kelly from DC - Shopping Centers to SFRs on 1031 Exchange, Part 1
Jason Hartman starts off the show today with a reminder: housing is NOT at an all time high when it comes to payments (which is how people really base their decision to buy), and housing is still where it's at.
Then Jason has the first part of his client case study with Scott, from Washington DC. Scott owned a bunch of retail property previously, but recently sold all but one of them and shifted his focus toward residential real estate. Jason talks with him about why he made that decision, what the process was like doing his 1031 exchange, how his experience with property managers has been, and more.
[1:43] Housing is where it's at
[5:32] Housing is NOT at an all time high based on the payments being made
[8:46] Everybody's a genius in a bull market
Client Case Study with Scott:
[14:41] Was Scott worried about the retail apocalypse when he purchased all the shopping centers?
[17:30] Scott & Kelly's evolution from shopping centers to single family homes
[21:04] What happened in the commercial real estate sector last year that led Scott & Kelly to dive headlong into residential?
[25:19] Depreciation makes income properties the most tax favored asset class in America
[26:01] Scott's adventurous time doing his 1031 exchange on his commercial property that aged him 2 years in 45 days
[31:05] Why Scott is glad Jason's group exists
Tue, 13 February 2018
CW 958 - The Impact of Quantitative Tightening on Interest Rates & a Better Use for $1 Trillion with Richard Duncan, Part 2
Jason Hartman kicks off the show today asking his ultimate question: compared to what? It's a question that will serve you well in all aspects of your life and will guide you down the right path. He also wants to invite you to join him on any of his adventures scheduled for this year to make your vacation planning even easier.
Then Jason wraps up his interview with Macro Watch's Richard Duncan. The two tackle the topic of rising interest rates, better uses for going into further debt than giving it to tax reform, how the Fed will react to a tanking stock market, and what we can expect to see over the next few years.
[3:53] Always view things in perspective, and remember, COMPARED TO WHAT?
[6:16] Meeting fellow investors is crucial to success
[8:09] Why doesn't Jason want you to plan any vacations this year?
[11:41] Over Thanksgiving, while re-reading The Art of the Deal, Jason realized that Trump is a New York liberal
Richard Duncan Interview:
[14:26] What people don't realize about interest rates
"People buy houses on a payment, not a price"
[15:38] What the Fed will do if the market drops 10% and what else will happen if it drops 20%
[18:57] What Richard wishes the government had done with the $1 trillion in new deficits that will occur from the new tax reform
[23:31] Why Richard thinks the government can invest as wisely as private companies
[27:58] What are the next few years going to look like?
[30:30] People need to get very familiar with quantitative tightening