Mon, 11 March 2019
1147: Lyft IPO & Client Case Study Investing at Age 25, Overcoming Challenges & Self-Management, Lisa Tomita
Today's show begins with Jason Hartman and Adam discussing how investors are taking a big risk (and breaking Commandment #5 in the process) if they take part in buying the stock for a company that's never turned a profit.
Then Jason welcomes Lisa Tomita, a client with 4 properties who has recently decided to self-manage two of her properties. Jason and Lisa discuss the ups and downs of investing and how self-managing has turned Lisa into a more empowered investor ready to deal with all the bumps along the way as she moves closer to her financial independence.
[3:34] Lyft is going public, but it may not be a good idea to buy in to the company
[7:57] If you're going to buy stocks, at least buy dividend stocks
Lisa Tomita Client Case Study:
[15:04] Lisa's tenant saved her $200 because of the relationship they've developed
[19:53] Lisa recently quit her job so she could focus full time on real estate
[23:58] Self-managing has made Lisa feel more empowered and learned
[28:23] One of Lisa's deals that hasn't gone well broke 4 of Jason's 10 commandments
[34:58] Income property is so durable it's like the self-healing asset