Today’s Flash Back Friday comes from Episode 917, originally published in December 2017.
Jason Hartman is happy to bring one of his clients, Adam Jackson, on to the show to talk about his journey into real estate investing. Adam started buying properties toward the end of 2016, and has subsequently purchased 11 homes in the past year on his quest for financial freedom.
Adam shares what markets he’s currently invested in, where he’s looking to expand, keeping score with personal financial statements, and keeping a healthy balance.
[9:00] 2018 is predicted to be an earthquake heavy year, so be careful with your property in earthquake zones
[12:22] Venezuela is the latest example of runaway inflation
[15:35] Invest in commodities and fight inflation with income properties
Client Case Study with Adam Jackson:
[17:53] Who is Adam Jackson?
[23:32] Where Adam bought his first property, and why
[25:43] Why Adam chose to buy a home with cash
[33:32] When you suffer through an expensive repair, remember that your loss is shared by the government on your tax return
[36:10] How to keep score via financial statements
[41:04] The P vs PC Balance
[44:10] Adam’s attempt at the abundance mentality and trying to pass along whatever wisdom/money/time he can
[47:51] Focusing on a few things in-depth is better than a little bit of everything