Jason Hartman welcomes Fernando back to the show. Fernando shares that he changed jobs, states, and also lowered all of his costs. They discuss if Scottsdale, Arizona will be the new landing pad due to its highly-ranked school systems, low cost of living, and year-round climate friendliness. Jason and Fernando also talk about Kiva microfinancing, linear markets, and the flaw of the Refi-till-ya-die option.
Announcer 0:00
This show is produced by the Hartman media company. For more information and links to all our great podcasts, visit Hartman media.com.
Announcer 0:12
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 we estate investors.
Jason Hartman 1:02
Welcome to the creating wealth show. And thank you so much for joining me today. We have listeners from around the world and we appreciate all of you. You’re here for Episode 714. So thanks for joining us. I’ve got Fernando here with me and we are going to talk about a two for one deal. While that’s my deal, but then he bested me and got a three for one deal. Fernando, welcome. How are you?
Fernando 1:27
I’m doing great. Jason. Nice to be on the show again. Yeah,
Jason Hartman 1:30
we haven’t had to have you on for a long time. So it’s great to have you back. I know you’ve been a busy guy moving to Phoenix and leaving the Socialist Republic of California. How do you feel about all that?
Fernando 1:41
Well, we so far we love it. It’s it’s been a it’s been quite an adventure. And, you know as as predicted the nice change that we have seen with pretty much everything we’ve touched so far is how much cheaper. Arizona is compared to California. Wherever I see both states are compared to California, but it’s a it’s just been a pleasure to be a buck 99 for gas and changeover insurance and you know, everything that we’ve done so far, it’s been cheaper here. Of course, the income tax is about half of the top top rate in California. So
Jason Hartman 2:18
yeah, it’s a it’s about 69% loan fraud based on the top rate of 13.3%. In the Socialist Republic. Yeah, that’s, that’s for sure. So I just want to say for for those who don’t know your story, you were a client of ours, you purchased quite a few properties. You’ve got about 70 units. Now, I knew you would get bored after you retired from Apple. And then you took the summer off, out in Brazil, you’re Brazilian, then you got bored, which I knew you would. I just knew you’d get bored. And then you said, Hey, Jason, I want to work with you. And so you came to work with us as an investment counselor. I might be missing something in the story, but I’m just gonna jump to the next part. You know, you’ve continued your investments. We’re going to talk about that today. But also, we bought a little software company together last year. And that’s real estate tools, of course, that helps people evaluate and manage their real estate investment portfolio. Did I miss anything in that story or that I hit the basic points for people who don’t know you? Maybe
Fernando 3:20
those are the highlights? Yeah, that’s a that’s been an exciting adventure to be designing chips for Apple and then thinking that I would be spending most of my time, you know, taking care of our garden, in my retirement for corporate America, but instead, you know, we’ve been doing a lot of tours and being more and more involved with with your company and helping clients and coaching clients and then getting into the software business. Of course, the software is all about real estate investment, income property investing so it fits right in so it has It felt like a big switch from, you know, from what I had in mind. As I started doing the investing. I think that the software pieces is a nice addition to it, but it certainly keeps us busy.
Jason Hartman 4:12
Yeah, definitely. And you’re working on doing some nice updates, you’re really leading that project because you have the background in technology, of course. And just to fill in the gaps for the listeners. You lived in Santa Cruz, California, in Northern California. And then, of course, worked in Silicon Valley at Apple, and then moved here. And I just want you to share because I’m always talking about and this isn’t we’ll get to the investing stuff here in a moment, folks, but this is more lifestyle stuff. And I know that’s why probably many of you are listening to the show, to talk about improving your lifestyle through real estate investing. Fernando as I’ve talked about the move, and we had Meredith Whitney on the show a while back, talking about her book, the state of the states. I talk constantly about myself. moved from California five years ago and just how pleasant it’s been to live in a lower cost, lower tax jurisdiction. And one of the things I’m not a parent, unfortunately, I’d actually like to be a father. But I’m but I’m not. Because I haven’t found a wife yet. But one of the things that you keep mentioning to me and you have two kids, you and your wife both keep mentioning how great the schools are here in Arizona and how pleasantly surprised you’ve been coming from this very expensive area in Santa Cruz, and moving to this much less expensive area. Did you think you’d have to compromise in terms of school quality or spend a lot of money on private schools? You’ve just been so pleasantly surprised. I know. I just wanted you to share that with listeners.
Fernando 5:51
Oh, sure. Now, that would be a pleasure. So just just going back a little bit in time when I was planning on achieving my financial independence through income property. One of the main reasons was to be able to live anywhere in the world and not necessarily live close to my employer, in this case, Apple’s headquarters in Cupertino. And I live just just to be clear, I lived in Santa Cruz Mountains, not not exactly in the Santa Cruz, a city, which means that I was closer to Silicon Valley than I was to to the course itself. So the the issue on schools is kind of interesting when when we were looking at what places would we would like to live once once I wasn’t tied to my corporate employer, where would we like to live? So we started to look at school rankings and their different sites different companies that do school rank is one of the most prestigious or trustworthy rankings is from US News and they do the high schools and colleges Universities and so we looked at their rankings and we noticed that in this sliver of Arizona, which is really the east valley is the portion east of Phoenix, you know, all the cities from from where you are to down down here in Chandler. You know, what we found is six out of the top 20 schools, high schools in the country are in this region, which was just, you know, amazing basis in in Scottsdale is the number two in the country in the school that my kids are going to, which is Arizona College Prep is the 13th best high school in the country. And the district itself is highly rated and these are schools that are public schools, public public charter schools that, you know, obviously, there’s no cost associated with that as a as a private school. So what happens in California is You know, it’s in many ways, it’s overrated, especially for the schools. Yes, you can have good schools, and in many of the areas like I mentioned, Cupertino has has good schools. But, you know, a lot of the people that I know, take their kids to public schools that have started to private schools, which there’s a, you know, a very large expanse, especially, you know, in, in these areas in California. So, you know, it goes back to that cost, in a lot of ways, and you can get a much a much, it’s a much better value to be here in in get a an excellent education.
Jason Hartman 8:37
So that leads to my next question about this. And I just want you to, you know, make make a little bit of a leap here, because you mentioned, it’s amazing how inexpensive it is to live here compared to California. And of course, he talked about the quality of the schools and by the way, I don’t know if you know this or not, but I kind of bet is you were talking I was just thinking I bet one of the reasons the schools are really good. I’ve had a lot of fat as the Mormon influence. There’s a lot of Mormon population in that area. And you know, they’re pretty into education and community and stuff like that. So that may be it. I’m not sure people might be listening, you know, you’re no you wouldn’t say this because you’re so humble, but you’re a hot shot real estate investor, you know, you’re a wealthy guy, I’ll say it for you. You won’t say it. You’re a wealthy guy. You sold a bunch of Apple stock and bought a bunch of properties, you’re up to about 70 units. Why do you care if the cost of living is low? I mean, why does that matter?
Fernando 9:35
Well, I think you never
Fernando 9:39
So prior to prior to having the the income from the from the properties you remember that I’ve always complained to you for in particular in October so a lot of clients and events that we’ve been to that I’ve paid a ton of taxes throughout, you know my career in specially with with stock options and you know, Just just invest in the stock market, I’ve paid a turn of taxes. So one of the the goals of switching over to income properties because it’s so tax favored, that I want to get some of that back i think it’s it’s,
Jason Hartman 10:17
yeah, it’s the most tax favored asset class in America, as I say, I
Fernando 10:20
you know, in some ways, it’s, it’s pretty interesting, you know, you can work really hard and really dedicate yourself putting a ton of hours trying different things. And, you know, once you start to make good money, then the tax percentages start to go up. So they’ll take more and more of you and I you can argue, of course, I’ve heard it, you know, any, any, any way that you can imagine the justification for this, but it kind of sucks because you are looking at more and more of that money that hard earned money being taken. And
Fernando 10:51
be it looked at, you know, I don’t
Jason Hartman 10:53
object to it if, if, if it’s so much better to live in a certain jurisdiction that you’re willing to pay An extra 9% in tax, then fine, you know, you get value for it. And I think all of us when we, when we get a few more years under our belt, we just want value for our money. We know how hard it is to earn it. We know how hard it is to keep it if you’re in business, certainly, there are liabilities and everyone’s trying to take your money from you. And I’m referring to litigation, and the threat of that or, you know, divorce as a form of litigation. So there’s lots of ways you can lose it. And, and you know how hard you’ve worked for it. You just want to get value for your money. You want
Fernando 11:36
to get better than that. But there is also the other aspect of it is that, you know, money is always it’s like energy, it has to keep flowing and being invested. Otherwise, you know, your becomes stagnant, your ROI becomes stagnant. So if the money is all in play, you want to make sure that you pick investments that will give you the most yield back and that includes how much you pay in taxes. You know how How much is is the cost the entire cost of that. And, and obviously, you know, having a family and having having to deal with education and in the cost of it, that’s all also plays a role. And, you know, of course the the more sophisticated, and the more people you know, that are role models and have, you know, become wealthy, you take their lead and you watch what they do. And off, of course, they tend to migrate to places where it’s more business friendly and where their money goes a longer way. It’s just a smarter way to live.
Jason Hartman 12:34
And there’s no shortage of stories about wealthy people moving from New York and California to Florida, Florida is a popular choice for that. And of course, rush limbaugh, Tony Robbins, a whole bunch of others I can’t even think of offhand. And so that is important. Well, let’s, let’s jump over to the investing side of it. And one thing you talked about is how money is energy and how you you need to keep it flowing and keep it moving. And I constantly talk about that when I refer to the equity in one’s home as being lazy equity. Look, if you owned a business, you wouldn’t hire a lazy employee. And if you found out that they were lazy, hopefully you try to get rid of them, right? And you know, you don’t want your kids to be lazy kids, you want them to be productive members of society. Why, though, is it that we want to pay off our house and let our money become lazy? Because when you have equity in a property, it is lazy money. It doesn’t do anything for you. There’s no such thing as a return on equity. That’s a metric that they use, that some people talk about, which I believe is a faulty metric. It’s a misnomer. There really is no return on equity. And if you want proof of what I’m saying, all you need to do is just look every January when you start getting the 10 99 forms for all of your investments, you’ll get them from your bank accounts, and probably the most interest you’ll earn is about point eight. What a joke. And you’ll get them from if you own stocks or bonds, you’ll you’ll get these tax forms that say, look, here’s how much money you made. Give it to your accountant, you know, we sent the IRS a copy, so you can’t cheat on this, and pay your share of the taxes on this. But did you notice everybody that you didn’t get any 1099 for the equity in your house, it’s still sitting there. It’s still sitting there. It’s not doing anything. It’s completely lazy. And this is true of investment properties or the home in which you live. So what we want to do is we want to make sure your money is always working for you, and it’s doing something. Money is just a form of energy. And with it, we can do a lot of good in the world. We can do a lot of good in our own lives. You know, maybe we’ll Maybe just before we jump into the investment stuff quickly, Fernando, let’s tell the little story about it. You know, I told it on the last show, but I recently bought a membership in a jet charter company. And I, you know, for all my life, I thought this is way too expensive. I’ll never fly like this no matter how rich I am, blah, blah, blah.
Fernando 15:15
Well, there’s
Jason Hartman 15:16
a new company that’s kind of called the Uber of private aviation. Right. And I was talking to you on the phone last week. And I said, I got this empty leg flight deal on a beautiful challenger jet. This is a $36 million private jet. And I said, Hey, Fernando, you want to go to Napa, to the wine country? And you said, Sure.
Fernando 15:35
Sure. So he jumped on this
Jason Hartman 15:39
$36 million jet and flew to Napa for free. You know, it’s not free, but it’s part of the membership, right? We got there. And then we drove down to San Francisco. The next day, we went to Kiva. And Kiva is this brilliant concept about micro finance, where basically what you do is you can learn not donate you loan money to people in developing countries in third world countries is little as $25 per loan. And I, I fell in love with the idea of micro finance many years ago, I’ve been loaning for a long time. And I just joined there. They’re matching donor program, they call it where you put in a large sum of money, and they make the loans for you and they manage the loans because I don’t have time to do on one z two Z’s. So I give them I give them $10,000. And I said, loan all this money out, and let’s see what it does in the world. And then I’ll give you more. Okay. And when we were their headquarters in San Francisco, so when we were there, I said to you, Fernando, hey, you want to go to Kiva with me? And we met with my rep and what did you think about that? That’s money is energy. You know, it’s what you were saying?
Fernando 16:49
Oh, it was beautiful concept. I I was inspired honestly in talking and talking to them and looking at you know, their, their their office. offices, you know, the idea as you’ve mentioned is brilliant You know, you’re you know, giving stuff for free is usually a recipe for for for for loss and loss of efficiency right you know, you don’t get the best out of people by just giving stuff you have to inspire them and and these micro loans you know for the right people is just a godsend it’s just makes a difference on how if they can build a small business of some sort or if they think they can grow it’s very different credit is extremely people that don’t live in the US don’t understand how difficult it is to have credit anywhere else.
Jason Hartman 17:39
Well, and you’re from Brazil, you grew up in Brazil, so you can speak to that right?
Fernando 17:43
Exactly in when you do the interest rates are prohibitive. And there’s a you know, talking about, you know, loan sharks and totally it’s, it’s very difficult so, these loans are are beautiful. incentive for for a lot of people and, and I’m definitely interested in looking more into Kiva. And, you know, watching what what your experiences you know, you’ve been very, very happy about it and you know, of course to meet them in person is, is very interesting. We know that the money is well spent. We have
Jason Hartman 18:23
zero Yeah,
Fernando 18:24
exactly. They had a place where they have parties,
Fernando 18:29
social events for their employees and they don’t buy them beer, the employees have to pay them themselves, which is good. Yeah, yeah. Jason’s mind is not going for that.
Jason Hartman 18:40
I’m not paying for it. But you know, this is one of the reasons to become successful, you can make your own life better. The people you know, the people you care about, you can make their lives better, but you can also make the world a better place. When you don’t succeed. The world is denied a victory. So that’s what we’re all about here, when we talk about real estate investing, it’s a win win win deal. you’re providing housing for people. You’re doing what the government incentivizes you through the tax code to do, you’re making a very nice return for yourself. Because if you go to Jason Hartman calm and you click on the Properties page, and you look at the properties, and you see return on investment, and of course, I have to say projected, because it is projected, you know, doesn’t always work out that way. Sometimes it’s better. Sometimes it’s worse, you know, with projections of anywhere between 25 and 45% annually, annually, with investments as small as 20 $25,000. You know, I mean, you can’t do that anywhere else, right income property, the most historically proven asset class in the world, and Fernando, I just did another 1031 tax deferred exchange. It’s also the most tax favored asset in America. I exchange one property For two, I bought two more in Memphis for my portfolio. And you just went up to me because you just exchange one for three, didn’t you? I tell you, you can’t let me When can you drag yourself down so you don’t stick up? You know, it’s the tall poppy syndrome. This is the problem in many other countries, right?
Fernando 20:26
No, this this. I’m happy about this. And I think we’ve, we’ve discussed it in some of our meetings. The the idea of refined to you die and in getting in extracting equity from your property and reinvesting it in some cases. We talked about having properties that that are in in areas that have seen large appreciation, such as the one that that I did an exchange with was purchased in Naples, Florida. For these properties, it might make more sense like in my case to do a 1031 exchange and not do a refinance on the property. The
Jason Hartman 21:11
in Fernando, if I can just interrupt you there for just a moment, I want to tee that up for the listeners. So look, the refi to die is a great strategy, but it has a flaw. And the flaw is that if your property appreciates too much, it’s probably going to be better to do a 1031 tax deferred exchange because your RV ratios get out of sync refi to die is great in these very linear markets. Great strategy. And if you don’t know what we’re talking about, because you’re a newer listener, just go to Jason Hartman calm and type refi toe like why till you die and the swing version, and you can see lots of blog postings and lots of podcasts about it that you can listen to where we discuss it in detail, but the 1031 exchange this property Do you had in Florida was kind of a highly appreciated property made a lot more sense to sell it, didn’t it?
Fernando 22:05
Yes, it did. And I explained, you know, the logic behind it. The the property. When I purchased it, I paid $148,000. And you know, at the time the rent was was almost 1% of that, that it was 1400. And over the years, I’ve only had one tenant there. I didn’t raise it much. You know, this was one of my first properties, if not the first one. So they were paying about 1440. And their lease was coming up back back in June a couple months ago. So when I looked at the, at the market rates for rentals in the area, what I found is that the homes are for that their comparables were rented for about 1800. So you know, the increase would have to be very large increase of $400 little little less than that for the renters to stay in the property. And I knew that that would be very difficult for them, and they’ll, you know, they’ll probably wouldn’t be able to, and I would have to have a turnover. But more importantly, the house appreciated a ton. It went from 140 8000 to essentially 250 in order to appreciate over 100,000 from 2012 to 2016. And thanks for the
Fernando 23:27
the voiceover
Jason Hartman 23:28
Yeah, little sound effects, right.
Fernando 23:32
And so, because it appreciated this much if we wanted to keep that same rent to value ratio, which is a very important metric when you’re doing when you’re investing in income properties, you want to keep that 1% or more of rent to value ratio. So in my case, I would want to get 20 $400 or almost 20 $500 in rent for my property since it was worth about almost two 50,000 and I knew that I could not it was way above the market rents in other words the the rent values have not catched up caught up with the the property values. And I think from your experience you’ve noticed this phenomenon where the appreciation tends to lead in the rent prices they lag eventually they they catch up as a percent takes a while. Yeah, rents move pretty slow.
Jason Hartman 24:27
So on my deals they the last three exchanges except for the large one I did on a big apartment complex. That was like $8 million dollars. The last ones on the single family homes looked pretty much like this. They were you know, they were about the same property sold for right around 215,000. It was purchased for around 150 and I sold one property and bought two more for right around the same price. I was in at about 200 215,000 for those but my cash flow went from Somewhere around the 1400 dollar per month range, up to 2000 to 20 $100 range. Okay, so that’s pretty significant. How did your deal go? You said you bought it for what do you say 140 and then sold it for?
Fernando 25:15
Yeah, I bought for 148 I sold for essentially 250. So that’s a nice appreciation for four years. And the rent went from 1440 a month to I am gonna get three properties in when you sum up the rents for these three new properties, their rent will be 2285 so 2285
Jason Hartman 25:42
Okay, and which market Did you buy the three properties and
Fernando 25:44
these are in Ohio. Okay, so
Jason Hartman 25:46
you’re doing like this in the general sense kind of Cincinnati ish area. Exactly. Right. Yeah. We it’s sort of this big region that we’re in there. So
Fernando 25:55
yeah, exactly. So I’m gonna basically get more than $100 increase in Cash Flow, you know, by doing a 1031 exchange, and
Jason Hartman 26:05
no tax consequences no tax
Fernando 26:07
as opposed to doing so going back to the to the to the refi. Just to kind of close that idea. The reason I prefer to do this versus refi is because even if I refinance, that property could not be rented for the 1% rent to value ratio as as as I mentioned earlier, I would like to get 2500 out of it, or the market rent is only 1800. So I’ll be leaving on the table. I’ll be leaving money on the table, there are $700 on the table. That’s a lot to leave on the table. doesn’t need to be there just because of the the refinance. Now you can argue that perhaps Florida still have a ways to go for the appreciation but as we know, that’s more speculation. Then if I look at today in the value that I can get out of that money, this is definitely a better choice. The 1031 exchanges are better Our choice then to try to extract money from the property.
Jason Hartman 27:03
Mm hmm. Yeah. Great point. That’s such a great story. So $700 a month in additional cash flow, no tax consequences, because you defer the gain? You know, that’s almost $10,000 a year. Yeah. Wow, exactly. You look at what that does over the course of time. And that’s what’s so powerful about income property, people don’t really notice what it’s doing for them. It’s just sort of chugging along in such a powerful way. And I liken it to, you know, tortoise and the hare, right. And with the Olympics going on, maybe that’s the best metaphor, but I was gonna say a cruise ship. You know, you get on a cruise ship. If anybody’s ever been on a cruise and it goes very slow. It’s only going, I don’t know 20 knots, right? But it chugs along and it keeps going 24 hours a day. And before you know it, you know you have a meal you have maybe you go out and have a drink at the game or cruise ships are like cities nowadays. So they got multiple nightclubs and bars. And then and then and then you go to bed and you wake up and you have breakfast and suddenly you’re at a distant port. You know, it all just happened kind of behind the scenes. It’s not like flying in a plane at 600 miles an hour. Right, exactly. But it’s very consistent and very reliable. And that’s what I love about income property.
Fernando 28:22
Yeah, it’s, it was a great surprise to see, again, both, both sometimes when clients talk to us about different areas, we, we tend to present this difference between areas that tend to appreciate more versus areas that are more stable, more linear. And you know, you have the discussion of well, you know, you might want this more immediate income, or you might wanna this one that will give you less income but probably will appreciate a little bit more. You know, that’s that’s the logic but in some cases, like in my case, I saw both go up both Significantly go up, which obviously will allow me to diversify and in multiply those the income portion of it since I’m going to an area that typically is more linear than then Florida, and that’s what I expect is to get more cash flow. Not so much appreciation. So, yeah, it’s, it’s great. It’s my first time turning on exchange. So I’m really looking forward to it. I have at least one more coming up over the next couple months. So we’ll discuss that when the time comes.
Jason Hartman 29:33
Sure, sure. And so you’ve really only been a real estate investor for what, four years now,
Fernando 29:37
five years, four or five years. Yeah.
Jason Hartman 29:38
And you’ve got your first exchange, you’ve got a whole bunch of properties. And we’ve had you on the show before where you’ve talked about some best practices and management, so forth, and I’d love to have you back to talk about some of that stuff. Fernando, I still think we need to do a show on self management versus managing your manager. And of course, we’re going to talk about that a little bit along with him. Lot of software training at the upcoming event in Phoenix. This is September 10, and 11th. And it’s in a resort location in Phoenix. So if you want to bring your family this this one would be pretty good for that. They’ve got a big pool. I think there’s a lazy river. There’s water slides, there’s a you know, you’ve got kids bring them that that’ll be a fun one for them. Not Labor Day weekend, but the week after weekend after Labor Day weekend. I was confusing it with venture Alliance trip, which is Labor Day weekend in Seattle. It’ll be a great event. Do you want to tell people about that a little bit, Fernando since you’re, you’re working hard on the software and doing some nice updates to
Fernando 30:36
it. Sure. So, you know, we were looking at doing a door event where not only wanna go over the basic aspects of creating wealth, which you’re going to present but Michelle, and Michelle, of course works with us in real
Jason Hartman 30:52
estate tools, and has been in and she’s a client See, we recruit all our clients for this stuff
Fernando 30:59
in it It works really well, because, you know, of course, the software, the all of the apps and the property tracker software and real estate tools is made for investors. So, you know, I use the software, Michelle uses software, I know you use it, and lots of our clients will use it. So we’re going to have some great presentation is gonna go over a lot of the the whys. You know, why would you want to use this particular software? How does it really help you? You know, understand what a good investment is, you know, why would you want to try different scenarios to be a better investor and understand which areas work out better for you. So we have a great set of items that we’re going to present. I’m going to be presenting metrics and charts from my own experience that that cover the last few years and how my investments have have progressed. This is data that gets generated by property tracker, which is one of our tools that we’re going to be presenting at the event at the event as well. And by producing data, in spreadsheet format out of the software, we can create different graphs and I can show the clients how to analyze these different graphs and which metrics make make the most sense. We’re also going to go over how to create, you know, basic schedules for tax purposes and how to look at least calendars and it’s, it’s just shaping up as a as a great event. I mean, we’re really looking forward to I know, Michelle is spending quite a bit of time in in putting together the presentation. And, and I’m going to be doing my part and, and you you also plan on on doing quite a bit of
Fernando 32:50
local market specialists presentation, right, Jason?
Jason Hartman 32:53
Yes. Yes, we have. I think we have four local market specialists flying in for the event. So we’re we’re having them fly in from their markets across the country. And they’re going to present their properties. And we’re calling this like a software and Buying Event. And it’s a great chance to meet the local market specialist. Of course, the other types of events we do our property tours were there in the market. And we actually wanted to do a property tour. But none of our markets have enough inventory. No single market has enough inventory of properties to support a tour. If we bring 40 people there on a bus, we won’t have enough properties for them to buy in any one market. So we decided to do this event so that we could train people on how to be really good at analyzing and tracking their investments with software. And we have four local market specialists coming out so that they can present and the sales will just naturally diversify into the four different markets presented based on the the people that attend They’ll buy properties and then you know, they’ll spread them out in those markets. And so that’s the only way we could do an event because inventory is very scarce right now. There’s just not enough good properties out there. And that’s one of the challenges we’re really facing. So that’s how we solved it with us. So yeah, Fernando, we’ve got to jump off. But thank you for joining us. I think we kind of covered this pretty well. And we’ll talk about more stuff on future episodes.
Fernando 34:24
Sounds great. Thanks for having me.
Jason Hartman 34:26
Yeah, my pleasure, everybody, visit Jason Hartman calm Get your tickets for the event, September 10, and 11th. Visit venture Alliance mastermind calm if you’re interested in the venture Alliance, or talk to your investment counselor. We will look forward to seeing you at the upcoming events and also for software, visit real estate tools.com or look in the app store for your iPhone or iPad and check out property evaluator or any of our other apps there as well.
Fernando 34:55
Okay, I was gonna say one last thing if people can bring their laptops to the to the event that would be wouldn’t. Because Yeah, we would be showing how, how to use the software and if they have iOS devices and iPads and iPhones and they can bring those and try out our apps real time as well. We don’t support Android for the two apps, property evaluator and property fixer, but they certainly can, can do the evaluation and, and the tracking of properties with our property tracker software, which is an online web based software.
Jason Hartman 35:35
Yeah, good stuff. And don’t feel I just want to say though, don’t feel you have to bring a computer or an iOS device, because you don’t have to, but if you have it, bring it along. It will definitely help. So good. We’ll look forward to seeing you all on September 10 and 11th. Thanks for joining us today.
Announcer 35:53
I’ve never really thought of Jason is subversive, but I just found out that’s what Wall Street considers him to be Really now How
Announcer 36:00
is that possible at all?
Announcer 36:02
Simple. Wall Street believes that real estate investors are dangerous to their schemes? Because the dirty truth about income property is that it actually works in real life.
Announcer 36:13
I know I mean, how many people do you know not including insiders who created wealth with stocks, bonds and mutual funds? those options are for people who only want to pretend they’re getting ahead.
Announcer 36:24
Stocks and other non direct traded assets are a losing game for most people. The typical scenario is you make a little you lose a little and spin your wheels for decades.
Announcer 36:35
That’s because the corporate crooks running the stock and bond investing game will always see to it that they win. This means unless you’re one of them, you will not win.
Announcer 36:45
And unluckily for wall street. Jason has a unique ability to make the everyday person understand investing the way it should be. He shows them a world where anything less than than a 26% annual return is disappears. Pointing.
Announcer 37:00
Yep. And that’s why Jason offers a one book set on creating wealth that comes with 20 digital download audios. He shows us how we can be excited about these scary times and exploit the incredible opportunities this present economy has afforded us.
Announcer 37:15
We can pick local markets, untouched by the economic downturn, exploit packaged commodities investing, and achieve exceptional returns safely and securely.
Announcer 37:26
I like how he teaches you how to protect the equity in your home before it disappears and how to outsource your debt obligations to the government.
Announcer 37:33
And this set of advanced strategies for wealth creation is being offered for only $197 to get your creating wealth encyclopedia book one complete with over 20 hours of audio go to Jason hartman.com forward slash store.
Announcer 37:49
If you want to be able to sit back and collect checks every month, just like a banker. Jason’s creating wealth encyclopedia series is for you This show is produced by the Hartman media company All rights reserved for distribution or publication rights and media interviews, please visit www dot Hartman media.com or email media at Hartman media.com. Nothing on this show should be considered specific personal or professional advice. Please consult an appropriate tax legal real estate or business professional for individualized advice. opinions of guests are their own and the host is acting on behalf of Empowered Investor, LLC, exclusively.