On today’s podcast, Jason answers the question “how much money should new investors have for a down payment and in reserve when investing in a property” and he uses a popular joke as a metaphor to explain the relativity of the real estate market. He explains why human psychology always lags the reals estate market, why raising the minimum wage will only end up hurting the poor and he encourages listeners to leave their questions and comments for a chance to win a pair of Apple Airpods.
Real estate investing is a game of relativity. All you have to do is beat everyone else to the deal.Click to tweet
[04:50] ‘Compared to what?’ is the question to ask when looking for an opportunity for your money.
[06:57] The concepts of comparison, scarcity and price discovery.
[10:33] Jason makes the article, Marathon Runner Escapes 2 Bears a metaphor about investments.
[16:08] The minimum wage argument doesn’t make any sense when you consider inflation.
[21:51] What is the minimum down payment and reserve fund amount for a new investor?
[24:41] A listener question about what to do with his down payment when no are so few properties are available to purchase.
[32:56] Jason’s thoughts on a mobile home park as an asset class.
Increasing the minimum wage will cause more inflation. The poor are always hurt the worst by inflation.Click to tweet
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