On this Flash Back Friday Episode 1001, originally published in May 2018 Jason talks about his gratitude for great clients. He brings on different real estate investors to discuss their experiences with the network.
Creating Wealth’s 1001st episode is a time to take a look back at the people who have made this show possible: the listeners and clients. Jason has been blessed to have such great clients who come on the podcast to tell other listeners about their real estate journey. Today we’ve curated some mini client case studies as we look back at what actual real estate investors have to say about their experience working with Jason.
Announcer 0:00
Welcome to
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this week’s edition of flashback Friday, your opportunity to get some good review by listening to episodes
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from
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the past that Jason is hand picked to help you today in the present, and propel you into the future. Enjoy.
Announcer 0:15
Welcome to the creating wealth show with Jason Hartman. You’re about to learn a new slant on investing some exciting techniques and fresh new approaches to the world’s most historically proven asset class that will enable you to create more wealth and freedom than you ever thought possible. Jason is a genuine self made multi millionaire who’s actually been there and done it. He’s a successful investor, lender, developer and entrepreneur who’s owned properties in 11 states had hundreds of tenants and been involved in thousands of real estate transactions. This program will help you follow in Jason’s footsteps on the road to your financial independence day. You really can do it on now. Here’s your host Jason Hartman with the complete solution for real estate investors.
Announcer 1:11
It’s my pleasure to welcome Dr. Ron Paul to the show my pleasure to welcome bill whittle to the show. It’s my great pleasure to welcome Brian Tracy. It’s my pleasure. Welcome empty slaves to the show. It’s my pleasure to welcome Cliff ravenscraft to the show. My pleasure, welcome, Chris Mayer back to the show. My pleasure. Welcome, Craig Smith to the show. My pleasure. welcome Senator Byron Dorgan to the show. It’s my pleasure to welcome back a great guests. We had him on the show a while ago, and it’s Mr. Dan Millman. It is my great pleasure to have Dr. Denis waitley. On the show with us today. My pleasure to welcome a returning guest back to the show. It is Mr. Doug Casey’s My pleasure, welcome, Eve right to the show. It’s my pleasure to welcome Frank McKenney to the show my pleasure to welcome Dr. Gary Chapman to the show. It’s my pleasure to welcome Doug Conant to the show. It’s my pleasure to welcome a returning guest and that is Mr. George Gilder. My pleasure. Welcome, great panelists to the show. It’s my pleasure to welcome Jim Rogers my pleasure to welcome john gray to the show. My pleasure. Welcome john Lawrence Alan to the show a pleasure. Welcome john Lee Dumas to the show. It’s my pleasure to welcome john molden to the show my pleasure to welcome john McAfee to the show. My pleasure welcome Jonathan bender to the show. My pleasure to welcome Dr. Kelly McGonigal to the show. My pleasure welcome Matthew port to the show. My pleasure. Welcome Melissa Francis to the show. My pleasure. Welcome Kevin Armstrong to the show. My pleasure. Welcome Meredith Whitney to the show. My pleasure to welcome Nick Bilton to the show. It’s my pleasure to welcome pat buchanan to the show. My pleasure. Welcome Patrick Byrne to the show. My pleasure to introduce it Noah Kagan. It’s my pleasure to welcome Noam Chomsky to the show. My pleasure welcome Peter shower to the show my pleasure welcome rich cardholder to the show. My pleasure to welcome Robert Kiyosaki back to the show. My pleasure welcome Steven Kotler to the show my pleasure to welcome t harv eker. To the show I pleasure to welcome congressman Todd Akin to the show. It’s my pleasure to welcome Vitaly Katznelson to the show welcome Zach Bissonnette to the show my pleasure, welcome Ray Boris to the show. Welcome po Bronson to the show. My pleasure, welcome Robert Green to the show. My pleasure to welcome a name that you are all very familiar with and it is Mr. Steve for I pleasure to welcome Tom Kramer to the show. My pleasure. Welcome back a returning guest and that is the Yo DiMartino it’s my pleasure to welcome john burns back to the show. My pleasure. Welcome an old friend of mine and that is Mr. Jeff Myers. My pleasure to welcome back a returning guest and that is my friend Ken McElroy. It’s my pleasure to welcome back a returning guest. That’s Dr. Lawrence cut my pleasure to welcome a longtime returning guests back to the show. That is Mr. Harry dent.
Jason Hartman 3:20
Welcome to the creating wealth Show Episode 1001. Yes, one pass. And one. We made it. We had Episode 1000 with Colby Kelly on Monday. And by the way, listeners, thank you for all of the kind emails and voxer messages and web form entries to our website, and all of the comments congratulating us on episode 1000. We really appreciate that and I absolutely love doing this and we will keep it coming. We will keep all the great content coming for you until we get to Episode 2003 thousand and onward and upward to infinity. Beyond this Buzz Lightyear would say. So today, we are going to give you a reader’s digest, not a but many Reader’s Digest client case studies. Yes. You’ve heard us do many client case studies over the years. Well, what we did is we just pulled out a few comments from several of them, not all of them by any means. And if we weren’t able to squeeze yours in time permitting here, please forgive us. We had you on the show before and we’ll get you back in the future, I’m sure. And we so much appreciate learning from our listeners, our investors, our clients who share their experiences with all of you on the show. That’s really nice of you to do so. And if you haven’t done so yet, here is your invitation please. We’d love to have you on the show. Have you share your experiences, your best practices, your tips, your tools, your apps, your software that you’d like to use? As a real estate investor, and a better informed investor of any kind, and someone who is going to beat the financial system scam, yes, Wall Street, the modern version of organized crime, we do much better than that here is direct investors in the most historically proven asset class ever income property. So hey, today, we’ll do our kind of mini and our big variety of client case studies here in just a moment. I am in Fort Lauderdale today and on my way tomorrow to Philadelphia, I know I’m going to be seeing several of you in Philadelphia at our creating wealth seminar. So I’m looking forward to that. And then I’m staying back east in New York for the rest of the week. And we’ll be seeing all of you venture Alliance members and many guest this is one of our biggest venture Alliance mastermind meeting so far in New York City on Memorial Day weekend. So I look forward to seeing you there and next week, I think we’ll Air this on Monday, I have got a really good guest coming up. I recorded this episode last week, and it was fascinating. You’re going to love it. And then of course, Friday, we’ve got our flashback Friday as well. So we are onward and upward episodes 1002 1003. From there, Boy, that’s all there’s a lot of episodes. And again, thank you so much for all of the congratulations boxers and email messages and so forth. I really appreciate it. This very nice of you. Let’s just hear a bunch of clips from various client case studies that we’ve done over the last 13 years on the show. And here they are.
Investor Client 6:40
Thanks for your support. Jason, appreciate your support and your whole network. It’s really been very beneficial to me and, and a whole lot of others. I encourage everyone to use your resources that you have, but thanks, thanks to
Investor Client 6:51
those who have understood that the paradigm has changed. And that’s perhaps we need to do something that’s counterintuitive. Like being in debt Which obviously we have all been told is a horrible thing. You know, maybe it’s those few early people who understand that and witness that. So perhaps the people who are more sensitive to risk or more risk averse, or I don’t know the perfection is, but the canary in the coal mine If you want, and, and this is perhaps what you are and what you have been. I am surprised Jason right now that’s basically what we are saying is not yet more mainstream. I’m not saying that this should be or that this should already be what everybody’s thinking that but that so few people are thinking that or at least that so few people are vocal about it. So perhaps it’s just a well kept secrets and, and those who know we don’t want to talk about it, but I’m very surprised because this is so much against the mainstream of what you’re reading in the paper.
Investor Client 7:58
I first started reading Rich Dad books. And that led me to looking at different motivational speakers and I’ve stumbled on Jason’s podcasts about seven years ago. And then from then I was hooked and after listening to him and I really got a sold on his philosophy on how he looks at the market and real estate in general and I wanted to jump into seven years ago but I decided to open up a few businesses that they went pretty well but you know, I live in New York so there’s a lot of expenses over there. So those were not as according to plan so now I saved my money up again and and I’m here
Investor Client 8:33
working with the local market specialist went really well feel like they were saved well to get the type of property that I wanted, and happy with with the price and the rehab job and the tenants have gone well,
Investor Client 8:48
trying to sell a house in 2010. And I just got a little frustrated with the potential buyers I was meeting and so I decided just to turn it into a rental. I currently own five properties, the one that I did Originally live in I own three and written Little Rock as well as one in Mississippi. I am in those markets because I was super impressed with the turnkey operators that I met and super impressed with the renovations that they did the proper the management that they had. And basically it was one stop shopping and everything was in place when I basically I showed up with my money. I kept on progressing in real estate because I realized it was just an awesome way to build my wealth. Not a lot of effort on my part. Basically, once again, show up with the money and see my money make money for me. I found Jason through my friend Elizabeth and been super impressed love his passion, love his enthusiasm, and not to mention seems extremely knowledgeable.
Investor Client 9:40
I always have had an interest in investing in general and educating myself about different types of investing. And I’ve always kind of come back to real estate in general because of all the things that we we discuss on your podcasts all the time. I read, you know a lot of real estate books and I think a lot of people probably talk about that rich dad Poor Dad book which opened up some some new thoughts in my head, especially the actually the 1031 exchange they mentioned in that book. And my medical partner is the one that actually turned me on to your network because he he had invested with you. And that’s how I came specifically to your podcast. I spent a lot of time educating myself before diving in. The method that I hadn’t started my investing with you was was through this 1031 exchange,
Investor Client 10:29
I started investing in real estate to supplement our retirement for the cash flow process. I currently own 10 properties, and then additional 10 with my husband. So 20 total, we found the creating wealth show Jason Hartman to my husband going on the internet and looking around for something like this.
Investor Client 10:52
Well, I was the one to do real estate. I just didn’t want to deal with tenants and all the phone calls so I just never got into it than what the market will went down in 2008 that’s when I started listening to radio and I heard you on radio. And that’s when I decide to do it because I, your method works with where I have to deal with tenants and the issues that come up even though I do deal with it was not the same.
Investor Client 11:16
Just about mid 2011. I was I was leaving command I just taken over a position in a great job at the Naval Academy to your position there and had a lot more free time than I did on my submarine as you can imagine, and I was searching for a way to shift active income into passive you know, I’d read Robert Kiyosaki books over the years I really just I mean, they just spoke to me, Rich Dad, Poor Dad and most of the others, you know, his prophecy it all just made a lot of sense to me. So I was looking for you know, following his model of of shifting and to you know, passive cash flow income and I’m a mechanical engineer and the thing that made most sense to me, you know, not buying the coin laundry machine, although i think that that facility may be a great idea to but for me, it was about real estate and buildings and so I was looking into that you happen to have a great podcast and I I started listening in the teens I think it was and I’m starting to listen to all of them. And I just kept kind of become a junkie with that I you know, so I forgot my first property in the end of 2011. In St. Louis, I bought a few more there. I’m up to eight. And my wife, Susan is today, in fact, will will get her first three and will she’ll be at six by the end of this month. And hopefully, if all goes well, we’ll have Susan topped out and then we’ll go back and start focusing on Gary again.
Investor Client 12:28
The reason I invest in real estate is because I was previously doing it a 401k and put my money there and doing other, you know, traditional retirement plans. It just doesn’t work didn’t work for us for 1015 years that we were doing it and was looking for something different. So I was doing a lot of research and listen to a lot of podcasts, and found real estate is being a much better avenue for creating wealth and creating cash flow. Our first investment property actually happened by accident because of not being able to sell a previously owned House that we had, and moving out of that that area. So, I mean, it turned out to be a really good thing for us. So after that, that made me really interested. The first intentional investment property that we purchased was in Florida. I found the creating wealth show and Jason, by him being a guest on another podcast that I had been listening to. It was about creating passive income. And he was a guest on that show and has impressed with his his knowledge. So from there, I made my way to his podcast. Right now we have a total of 10 properties. We decided to go all in I mean, we’ve been doing 401k and other traditional retirement plans and investments that most people are comfortable with, with really terrible results for lots of years. So I was okay, so we actually liquidated everything we had in our 401k is paid the penalty on all of that and are doing much much better with real estate and very happy about it. But I think it just comes down to being comfortable with the education. So I felt like we there’s plenty of information out there about real estate. There’s lots of people with great track records. So I think if you follow a path and success, that it’s a lot easier to replicate and duplicate. So I felt like I was following other people’s paths of
Investor Client 14:08
success. So I felt comfortable. I started researching on real estate investing about three or four years ago, two years ago, I was lucky enough to stumble upon the podcast when I was doing the search. I listened to you for probably three or four months, but I was hooked after the first episode, just everything from the real estate information, politics, the philosophy, the economics, and about three or four months, I decided, you know, I’m going to put my information in and see what Platinum comes back with. So I plug my information in on the website. Oliver contacted me a couple of days later. And by the way, he has been a tremendous resource for me, just pointing me in the right direction, especially as somebody with no prior experience real estate investing, but he definitely pointed me in the right direction, helped to educate me and help to show me different sources of information where I can better myself as a real estate investor. One thing that happens when you don’t have a real estate background and you instantly buy a, you know, very expensive portfolio of real estate, realize don’t know anything about this field you have to learn. So I didn’t really have friends in the real estate field. So I was looking for resources. And podcasts was really something that I could do on my own schedule, and get information about the real estate market without having to, you know, know any individuals or pay for classwork or anything like that. Just really convenient. Since we bought this portfolio, I started listening to your podcast in 2009. And we were sold on the idea we really liked the idea of turnkey single family, especially as a way to grow our portfolio as time went on. And so in 2012, we bought our first property in Memphis, through your group. Now Kelly was not as excited as I was at times about it. So I had to convince So I had to invest with my own money. So I actually use my IRA and purchased a single family home and my IRA, and it’s worked out great.
Investor Client 16:10
I’ve been investment for about two years. I have six investment properties. Why in Kansas City, three members and three nidoran Oh, I started invested because I listened to Jason’s podcast. I said, it makes sense to me. So I make a very quick decision. I think maybe in one month, I decided I attended the meeting, Masters event, back to some six thing. And then yeah, I started to buy properties since then, before that, I’ve been trying to do some study on stocks, but doesn’t make sense to me. So I hold a lot of cash I didn’t deploy to the stock market. So finally I get a teacher’s pie. Cuz everything he said big sense to me and I have a lot of agreement with he his opinion. So I decided to take came into the event in the masters and then I decided to make the investment. I think the first thing is real you have a real good return. It’s not a scam. But if it’s true Be careful. What I recommend is joining a network like a chasis network and get some education and the stocks to buy the properties don’t wait to learn.
Investor Client 17:35
The markets were buying in a robust there the population is stable and growing and the values are stable and growing. It’s not like we’re just buying residential anyway. We’re buying in good market.
Investor Client 17:47
What I’ve learned is is you like to mention be area agnostic is one of your commandments in that I love that. I like to look at this is also be when it comes to real estate investing. Be age agnostic, who cares what You are, you can start doing this. It 19 like you did, you could start doing this in 20s you can start doing in your 50s I started my 50s. So I got
Investor Client 18:11
interested in real estate investing, you know, I’m actually my backgrounds in finance and I. So I have a pretty strong background, but more so in what’s been traditional investing. And it’s funny that we’ve been touting diversification for so long and it’s been like that mix of stocks and bonds and I really felt like after all this time preaching to others that you know, this should work for them. It wasn’t even working for myself and thought that I really need to venture out and you know, real estate investing just it. It definitely interested me. It wasn’t something that I struggle with, but it was, you know, something that I don’t know, I got excited about right away and made sense to me. And so it’s more so of creating that team and Knowing how to go about it was my biggest challenge and figuring out because with traditional investing, you can figure out an ETF or a mutual fund, you do online research. This took a lot more effort. And I know that I can do it solo I need to, to come up with a good team and a good approach. So I found Jason, I was listening to not his podcast, but one that he spoke on. And it was just at that time, I was just trying to learn, I’m like, Whoa, he sounded pretty smart. So I’m gonna listen to his podcast. So, you know, I actually listened to his podcast well over a year. And then I would say, you know, I don’t know it was more so just thinking. I don’t know. It just seemed like it was interesting, not necessarily something that would be right for me. And then all of a sudden, everything clicked. And it was right for me to take the steps and really figure out what Jason’s all about and, and the more the program and the see if it worked for me. I
Investor Client 19:57
started listening to the podcast did that You know, for probably a couple years before I connected with your investment counselor, Sarah, she did a great job of kind of holding my hand through the process. I probably one of the more needy clients she worked with, but ended up buying my first property in 2011 in Atlanta, and then waited a couple of few more years until my next one, but 2014 purchased in Memphis. And so that’s where I am at this point.
Investor Client 20:27
I’ve been following Jason’s company ever since 2007. I went through a seminar in his Newport Beach office by fashion Island. And I’ve been listening to his all his podcasts since then. Always wanted to buy some more. But a couple years ago, we went on the property tour in Cincinnati. And it was great. We love Missy and her team. And we actually sold our Texas property and did a 1031 exchange with to admit these properties in Hamilton, Ohio, and it And they’ve been working out great for us ever since. And this just in 2017. Yeah. Last year, we sold our home in Chino Hills that we lived in for 25 years, raised our family and all that. And we’re taking all our proceeds. And we’re going all in and rental properties. And the funny thing is we’re kind of following Jason’s lesson to the tee. And it’s working out great for us. We’re not going to buy again, in California. we’re renting actually, in Newport Beach, California. I got into real estate investing because I’ve been a student of the stock market for years and years, and it just doesn’t seem to make sense to me anymore. Besides what Jason says it just, it just seems like the guys at the top, make sure that they win and you don’t win, which, you know, it’s just I feel the same way even before Jason said that. And the fundamentals don’t seem to make sense to me. But there are fundamentals in real estate and income property investing that aren’t going to be able will be changed by high frequency investors or anything like that. It’s the fundamentals are there and they’re going to stay there. I’m fine with income properties, you know, the slow and steady approach.
Investor Client 22:12
I basically found that creating wealth podcast by searching iTunes in immediately resonated with your message, you know, the great returning investment, significant, significant reduction in taxes, steady income that could eventually replace my corporate job income. Also, what I found very powerful is along with that message, I was impressed by the high caliber of your guests and I remember listening to economist investors, lawyers, authors, basically people who could present their expertise and allow me to judge their response against your message. So as an example, when you talk about inflation, your your
Investor Client 22:53
your
Investor Client 22:54
ideas about inflation going up over the next few years, I could vet that message against your guests and Be sure that what you were saying made sense. So that was very powerful to me.
Investor Client 23:05
If you’re that kind of person and you’ve got the capital and you’re a great negotiator, you’ve got great people skills. You You could probably be a successful flipper, but it’s like a job. Right? If you’re not flipping, you’re not making money. And that’s why I prefer income property because you just make money every month.
Investor Client 23:22
Well, I like real estate just because I like the benefit of being able to have a mortgage pay off real estate over time so that when I retire, I have something I like the fact that it’s boring. I want to be able to be entertained and travel and do a lot of things in my retirement. And that boring investment in real estate allows me to do that.
Investor Client 23:48
Well, it was never our goal to be full time owners of shopping centers. It’s just an opportunity that was too good to say no to that we decided to take on. Really what we want to do is just have a nice Life and not work too hard. And these particular shopping centers took a lot of effort to run. Part of the reason for that is they were in parts of town where it’s hard to hire professionals to come and do the management for us. And so we had to do our own property management. And so part of the reason that we’re selling the shopping centers and exchanging them for single family homes, is that we’ll be able to get property management with these portfolios and homes, so that we don’t have to do so much work
Investor Client 24:28
ourselves. I think when you combine the concepts of this inventory shortage, the fact that there’s still a runway and the fact that you can’t use a standard tool to really figure out what the heck of the price of the value of a house is. I mean, it’s really good that you’ve got this investment counselors like can kind of help you navigate the waters because as much as we’d like to just automate everything, it really does take knowledge experience and an overlapping of, you know, some some helping hands if you will, to make sure that your Investing in the right way
Investor Client 25:02
from the initial market recommendation from yourself from the truth, and it’s the prophecy right through to the leasing process with the property manager. Everyone has been just totally professional and the communication is excellent, especially with being such a long distance away. Communication has been just fantastic. And even after leasing a property Empowered Investor have kept in contact to check everything’s okay.
Investor Client 25:25
The people that I’ve been introduced to from Sarah, the people in the markets, to the financing people, property managers and your local real estate experts, they’ve been just more than helpful. I mean, seriously, and that’s why I’m back for more, I’ll be buying more properties this month. And as you point out, it’s a little bit of work up front, really the works up front and later on. As with my other properties, it’s really not too bad. And the returns are just outstanding. The downside, it’s not that significant. Yeah. So I think it’s just a wonderful program and doing a great service for people. So I would just like to add that
Investor Client 26:00
My goals is maybe get into real estate also help my friends do what I’ve been able to do before asking me about it.
Investor Client 26:07
So
Investor Client 26:09
spend more time with my family, and hopefully grandkids. My daughter’s married three years now. So maybe the near future will have grandkids to take care
Investor Client 26:16
of tasks and 12 is when we did our first purchase. I think 2011 is when we started. You know, attending meetings, probably 2010 is when I started listening to podcasts. My husband was a little ahead of me. So he’s probably, you know, late 2009, early 2010. And you know, we’ve just obsessively listened to you. I think you’re on episode 300. At that time, though,
Investor Client 26:40
I do very much credit you with getting me involved in real estate investing. I had tried to do a flip originally that went sideways. And I ended up having a condo that I had rented out after that after a bad flip and I realized that being a landlord wasn’t all that tough. And eventually I found you on the web. And that really got me into real estate investing. So thank you for that.
Investor Client 27:13
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