On January 6, 2016, Jason Hartman went on Brian Bain's Investor in the Family podcast and left little doubt that a long term buy and hold strategy for income properties is the path to real wealth. Brian Bain is a stock market investor, and wants Jason to break down the basics of investing in real estate rather than stocks. So Jason shows how a 30 year mortgage can lead to serious wealth production in multiple dimensions, unlike the single dimension of stocks (buy low, sell high).
Brian fully admits to not being a professional investor, but aims to help people protect themselves from big mistakes while outperforming their benchmarks by building (and, most importantly, sticking to) their investment plan.
Key Takeaways:
[1:46] Jason's real estate investment backstory
[8:07] Using income property as a multi-dimensional asset and tax write-off
[11:17] A non-recourse loan protects you from a lender lawsuit
[15:11] 6 ways government can handle underfunded entitlement programs
[18:41] Aligning your interests with those of government and banks
[21:10] Redistributing wealth through inflation rather than taxes
[23:31] How thousands of people used single family homes to gain real wealth
[32:52] A deal that doesn't produce income isn't a true investment
[34:38] Long term investments are definitely the way to invest your money
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