Jason Hartman and Adam start today’s episode discussing how people who are fleeing high tax areas are getting audited by their original state to ensure that they have actually left. The ways they have to track you now are such that faking it will get you caught, and it’s just not worth it. Make it a plan to leave and move to a no income tax state and do it!
Then Jason talks with client Ira Boyd about his journey in real estate investing. Ira started off purchasing properties on his own, with some success but not as much as he’d hoped. After he found Jason’s network, however, he’s gotten in much better properties and is up to 12 investment properties and his personal residence. Ira discusses how live events aided his journey, where he sees his future in real estate investing, and what areas he thinks he needs to work on.
[6:49] States creating an economic Berlin Wall
Ira Boyd Client Case Study:
[16:28] It’s almost better not to see the property, because then you’re buying based on intellect and not emotion
[19:46] Meet the Masters gave Ira the traction he needed to start investing through Jason’s network
[22:57] Ira can’t stress enough how much you need to go to an event and how helpful it will be
[27:24] Ira’s plan for his portfolio
[31:20] Ira’s policy on rent increases needs work