Today’s Flash Back Friday comes from Episode 959, originally published in February 2018.
Jason Hartman starts off the show today with a reminder: housing is NOT at an all time high when it comes to payments (which is how people really base their decision to buy), and housing is still where it’s at.
Then Jason has the first part of his client case study with Scott, from Washington DC. Scott owned a bunch of retail property previously, but recently sold all but one of them and shifted his focus toward residential real estate. Jason talks with him about why he made that decision, what the process was like doing his 1031 exchange, how his experience with property managers has been, and more.
[1:43] Housing is where it’s at
[5:32] Housing is NOT at an all time high based on the payments being made
[8:46] Everybody’s a genius in a bull market
Client Case Study with Scott:
[14:41] Was Scott worried about the retail apocalypse when he purchased all the shopping centers?
[17:30] Scott & Kelly’s evolution from shopping centers to single family homes
[21:04] What happened in the commercial real estate sector last year that led Scott & Kelly to dive headlong into residential?
[25:19] Depreciation makes income properties the most tax favored asset class in America
[26:01] Scott’s adventurous time doing his 1031 exchange on his commercial property that aged him 2 years in 45 days
[31:05] Why Scott is glad Jason’s group exists