Jason Hartman starts today’s episode discussing the recent World Economic Forum with economist Thomas Young. Specifically they look a bit at the “Happiness Index” that they were discussing at the forum and whether that should hold any muster for us.
Then Jason has a client case study with Eric Payne. Eric started investing in single family housing around 2010 and has steadily added to his collection. Today he has 18 units and is looking to substantially add more when he finishes the sale of his current business. Jason and Eric go over Eric’s journey, why he chose to use real estate to achieve the financial freedom he desired and beauty of the 30 year fixed rate mortgage.
[3:07] What happened at the World Economic Forum this year?
[7:00] How important is the Happiness Index?
[13:50] Are we starting to approach a new cold war?
Eric Payne Client Case Study:
[17:29] Eric’s start in his real estate journey made him realize that flipping is overrated and renting is the way to go
[19:09] A foreclosure Jason remembers from the Great Recession that he wishes he’d bought
[22:01] People tend to sabotage themselves by trying to time the market
[30:23] Eric’s parents $118 mortgage made him realize how amazing a 30 year fixed rate mortgage is