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As you know, podcasting has become both a strong marketing tactic, as well as a superb method for delivering quality information to a wide audience. The real estate genre is no exception, and we are fortunate to have a large number of quality productions to choose from.
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Real estate investment income property is the most historically proven asset class. Real estate properties should be looked at in a market by market basis and when looking for your first or next creative deal, make certain you can trust the person you are dealing with.
In Jason Hartman’s conversation with Venture Alliance Group’s Gary Pinkerton (listen to whole podcast here) we’ll learn about his personal secrets on real estate investing, how to get into the bandwagon and change your life.
Get out of the roller coaster ride of the stock market so you can put the majority of your wealth from mutual funds and stocks into real estate because if you take the tops or the peaks of each one of the stock market moves, your wealth was going up but it was basically going up by what you will be putting in every year. You wanted to get something that would move predictably in one direction.
It is important to hang out with people that are going in the direction you want to go. We have to make an effort to constantly choose our peers, but it’s really about accountability too. You want others around you to inspire you to do more because they’re doing more. You want to be in the hot seat, with people giving you feedback on things maybe you should do and you want to kind of prove that you have taken action.
The investor’s lament is awesome. Do not regret your mistakes because at some point, you got lessons you won’t learn from someone else. The best lesson you could learn is to not get creative. The most important thing is that when you look at an investment property look at it solely based on market rent.
Here are investment related frequently asked questions about commercial and residential real estate properties, about single family homes, how the need for housing is never outsourced to another country and how the oil surplus is affecting US oil towns, as answered by Jason Hartman.
“Having a place to live is a necessary expense of life. The answer is .6 percent is a pretty good deal for the renter. Your getting the better end of the deal, I’d say, than the landlord is. So, enjoy your rental. You need a place to live and if you owned it, it would be an expense anyway. Like Robert Kayosaki says, your house is not an investment, it’s a do-dad.”
The first way to define commercial versus residential real estate is the way lender do and the way the real estate law defines it.
Large investors, institutional investors with a lot of capital to deploy have to put it somewhere. Whether they be big office complexes, apartment complexes, retail centers, or industrial parks are owned by none other than insurance companies. Insurance companies seem to love real estate investing, yet interestingly they will accept… it’s kind of counterintuitive.
When getting started in investing, “The only thing I would say is be careful that you don’t get ripped off because a lot of these guru’s are really, really sleazy and they will sell you all kinds of stuff that you don’t need. Try and get your education for as close to free as possible and you can do that nowadays online.”
They’re understated in the rate of deflation, But admittedly inflation is very tame at the moment. It really got tame about 2.5 years ago and we had some decent inflation until then. I agree. I think though trying to time the real estate market, as we talked about when you were on before, is like trying to time inflation, deflation and stagnation, it’s kind of a fool’s game.
“If you have an economy based on oil exploration, that’s the most tender and delicate part of this equation. If you have an area like North Dakota where so much more of it is exploration oriented or in Canada or Europe then you have a real issue that you should be concerned about. Try to avoid any one-horse town. One horse towns are risky. “