Jason Hartman went on Take the Lead Radio with Dr Diane Hamilton to discuss the largest expense in your life, what you're actually buying when you get an investment home, and the desire to avoid properties with big HOAs. Jason also covers some of his commandments and dispels a myth that keeps many people from becoming landlords.
Key Takeaways:
[1:49] Taxation is the single largest expense in our life yet most people seem to throw up their hands and think there's nothing they can do about it
[4:38] The 2 things you're actually buying when you buy an investment home
[8:37] What does Jason mean when he says a property must "make sense"?
[12:23] Be careful with property managers and with over diversification
[15:45] Look for areas with no HOA or with minimal HOA
[18:32] The 3 types of markets in the US
[23:29] The midnight phone call myth
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