On February 3, 2016, Jason Hartman went on the Michael Quarles Real Estate Show to discuss his life in real estate, the value of leverage, his 10 Commandments, and the importance of being in the game.
Michael is a real estate broker and contractor. Throughout his career he has completed thousands of real estate deals and built over 70 new construction units. He has done fix and flips, assignments, wholesale deals and many others types of deals. His specialty, however, is “WholeTailing”, a strategy he created to maximize profit when buying houses at a discount.
Key Takeaways:
[1:39] Jason's start in real estate and podcast network
[6:38] What kind of financing Jason used on his first deal
[9:00] The ways you can make profits off of income properties
[12:44] Some danger signs in deals when using leverage
[15:33] Commandment #3: Thou Shalt Maintain Control
[18:17] Michael's first introduction to email and how he never thought it'd catch on
[22:43] The saddest part of people trying to predict the market and Jason's formula for cash flow
[27:02] Jason's take on getting into flipping
[30:08] The Reluctant Investor's Lament
[33:51] Investments vs a job
[35:45] The importance of standarizing data
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