2139 FBF: Mini Client Case Studies

Welcome to this week's edition of Flashback Friday. Your opportunity to get some good review by listening to episodes from the past that Jason has hand picked to help you today in the present and propel you into the future. Enjoy. This show is produced by the Hartman Media Company. For more information and links to all our great podcasts, visit hartmanmedia.com. 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 multimillionaire 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. And now, here's your host, Jason Hartman with the complete solution for real estate investors. It's my pleasure to welcome Dr. Ron Paul to the show. My pleasure to welcome Bill Whittle to the show. It's my great pleasure to welcome Brian Tracy. It's my pleasure to welcome Amity Schlase to the show. It's my pleasure to welcome Cliff Ravenscraft to the show. It's my pleasure to welcome Chris Mayer back to the show. It's my pleasure to welcome Craig R. Smith to the show. It's my pleasure to welcome Senator Byron Dorgan to the show. Hey. It's my pleasure to welcome back a great guest. We had him on the show a while ago. And it's Mr. Dan Millman. It is my great pleasure to have Dr. Dennis Whateley on the show with us today. It's my pleasure to welcome a returning guest back to the show. It is Mr. Doug Casey. It's my pleasure to welcome Eve Wright to the show. 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It's my pleasure to welcome Pat Buchanan to the show. It's my pleasure to welcome Patrick Byrne to the show. It's my pleasure to introduce Noah Kagan it's my pleasure to welcome Noam Chomsky to the show. It's my pleasure to welcome Peter Schaller to the show. It's my pleasure to welcome Rich Karlgard to the show. It's my pleasure to welcome Robert Kiyosaki back to the show. My pleasure to welcome Steven Kotler to the show. It's my pleasure to welcome T harv Ecker to the show. My pleasure to welcome Congressman Todd Akin to the show. It's my pleasure to welcome Vitaly Katsane Nelson to the show. My pleasure to welcome Zach Bissonnet to the show. It's my pleasure to welcome Ray Boris to the show. It's a pleasure to welcome Poe Bronson to the show. My pleasure to welcome Robert Green to the show. It's my pleasure to welcome a name that you are all very familiar with. And it is Mr. Steve. My pleasure to welcome Tom Crater to the show. It's my pleasure to welcome back a returning guest. And that is Danielle DiMartino. It's my pleasure to welcome John Burns back to the show. It's my pleasure to welcome an old friend of mine. And that is Mr. Jeff Myers. It's my pleasure to welcome back a returning guest. And that is my friend, Ken McElroy. It's my pleasure to welcome back a returning guest. That's Dr. Lawrence Cutler. It's my pleasure to welcome a longtime returning guest back to the show. That is Mr. Harry Dent. Welcome to the Creating Wealth Show. Episode 1001. Yes, 1001. We made it. We had episode 1000 with Colby Kelley on Monday. And by the way, listeners, thank you for all of the kind emails and voxer messages and web form entries to our website and all of the comments congratulating us on episode 1000. We really appreciate that and I absolutely love doing this and we will keep it coming. We will keep all the great content coming for you until we get to episode 2000 and 3000 and onward and upward, infinity and beyond, as Buzz Lightyear would say. So today we are going to give you a Reader's Digest. Well, not a, but many Reader's Digest client case studies. Yes, you've heard us do many client case studies over the years. Well, what we did is we just pulled out a few comments from several of them, not all of them by any means. And if we weren't able to squeeze yours in time permitting here, please forgive. We had you on the show before and we'll get you back in the future, I'm sure. And we so much appreciate learning from our listeners, our investors, our clients who share their experiences with all of you on the show. That's really nice of you to do so. And if you haven't done so yet, here is your invitation. Please. We'd love to have you on the show, have you share your experiences, your best practices, your tips, your tools, your apps, your software that you like to use as a real estate investor and a better investor investor of any kind and someone who is going to beat the financial system scam. Yes, Wall street, the modern version of organized crime. We do much better than that here as direct investors in the most historically proven asset class ever income property. So, hey, today we'll do our kind of mini and our big variety of client case studies here in just a moment. I am in Fort Lauderdale today and on my way tomorrow to Philadelphia. I going to be seeing several of you in Philadelphia at our Creating wealth seminar. So I'm looking forward to that. And then I'm staying back east in New York for the rest of the week. And we'll be seeing all of you Venture alliance members and many guests. This is one of our biggest Venture Alliance Mastermind meetings so far in New York City on Memorial Day weekend. So I look forward to seeing you there. And next week I think we'll air this on Monday. I have got a really good guest coming up. I recorded this episode last week and it was fascinating. You're going to love it. And then of course, Friday, we've got our flashback Friday as well. So we are onward and upward, episodes 1002, 1003 and on from there. Boy, that's a, that's a lot of episodes. And again, thank you so much for all of the congratulations, voxers and email messages and so forth. I really appreciate it. That's very nice of you. Let's just hear a bunch of clips from various client Case studies that we've done over the last 13 years on the show and here they are. Thanks for your support, Jason. I appreciate yours and Carrie's support and your whole network. It's really been very beneficial to me and a whole lot of others. I encourage everyone to use your resources that you have. But thank you. Thanks, Jason. Those who have understood that the paradigm has changed and that perhaps we need to do something that's counterintuitive, like being in debt, which obviously we have all been taught is a horrible thing. You know, maybe it's those few early people who understand that and who witness that. So perhaps the people who are more sensitive to risk or more risk averse, or, I don't know, the perfectionists, but the canary in the coal mine, if you want. And this is perhaps what you are and what you have been. I am surprised, Jason, right now that basically what we are saying is not yet more mainstream. I'm not saying that this should be or that this should already be what everybody's thinking, but that so few people are thinking that or at least that so few people are vocal about it. So perhaps it's just a well kept secret and those who know it don't want to talk about it. But I'm very surprised because this is so much against the mainstream of what you're reading in the paper. Welcome to this week's edition of Flashback Friday. Your opportunity to get some good review by listening to episodes from the past that Jason has hand picked to help you today in the present and propel you into the future. Enjoy. I first started reading the Rich dad books and that led me to looking at different motivational speakers and I've stumbled on Jason's podcast about seven years ago and then from then I was hooked and after listening to him and I really got a sold on his philosophy on how he looks at the market and real estate in general. I wanted to jump in seven years ago, but I decided to open up a few businesses that went pretty well, but I live in New York so there's a lot of expenses over there. So those went not as according to plan. So now I saved my money up again and I'm here working with the local market specialists went really well. I feel like I, I was able to get the type of property that I wanted and happy with the price and the rehab job and the tenants have gone well trying to sell a House in 2010 and I just got a little frustrated with the potential buyers I was meeting and so I decided just to turn it into a Rental. I currently own five properties. The one that I did originally live in, I own three in Little Rocket as well as one in Mississippi. I am in those markets because I was super impressed with the turnkey operators that I met and super impressed with the renovations that they did, the property management that they had. And basically it was one stop shopping and everything was in place when I basically I showed up with my money. I kept investing in real estate because I realized it was just an awesome way to build my wealth. Not a lot of effort on my part. Basically once again show up with the money and see my money make money for me. I found Jason through my friend Elizabeth and been super impressed. Love his passion, love his enthusiasm and not to mention seems extremely knowledgeable. I always have had an interest in investing in general and educating myself about different types of investing and I've always kind of come back to real estate in general because of all the things that we, we discuss on your podcast all the time. I've read, you know, a lot of real estate books and I think a lot of people probably talk about that Rich Dad, Poor dad book, which opened up some new thoughts in my head. Especially the actually the 1031 exchange they mention in that book. And my medical partner is the one that actually turned me onto your network because he had invested with you and that's how I came specifically to your podcast. I spent a lot of time educating myself before diving in. The method that I had started my investing with you was through this 1031 exchange. I started investing in real estate to supplement our retirement for the cash flow process. I currently own 10 properties and an additional 10 with my husband. So 20 total. We found the Creating wealth show Jason's Hartman to my husband. Been going on the Internet and looking around for something like this. Well, if I was wanting to do real estate, I just didn't want to deal with tenants and all the phone calls. So I just never got into it. When the market really went down in 2008, that's when I started listening to radio and I heard you on the radio and that's when I decided to do it. Because your method works where I don't have to deal with tenants and issues that come up. Even though I do deal with it, it's not the same. Just about mid 2011, I was leaving command. I just taken over a position, a great job at the Naval Academy, a two year position there, and had a lot more free time than I did on my submarine, as you can imagine. And I was searching for a way to Shift active income into passive. You know, I'd read Robert Kiyosaki's books over the years. I really just. I mean, they just spoke to me. Rich dad, poor dad, and most of the others, you know, his prophecy, it all just made a lot of sense to me. So I was looking for, you know, following his model of shifting and to, you know, passive cash flow income. And I'm a mechanical engineer. And the thing that made most sense to me, you know, not buying the coin laundry machine, although I think that that facility may be a great idea too. But for me, it was about real estate and buildings. And so I was looking into that. You happen to have a great podcast. And I started listening in the teens, I think it was, and I've certainly listened to all of them, and I just have kind of become a junkie of that, you know, So I got my first property in the end of 2011 in St. Louis. I bought a few more there. I'm up to eight and, and my wife Susan is today. In fact, we'll get her first three and she'll be at six by the end of this month. And hopefully, if all goes well, we'll have Susan topped out and then we'll go back and start focusing on Gary again. The reason I invest in real estate is because I was previously doing a 401k and put my money there and doing other traditional retirement plans. It just doesn't work. Didn't work for us for 10, 15 years that we were doing it and was looking for something different. So I was doing a lot of research and listened to a lot of podcasts and found real estate as being a much better avenue for creating wealth and creating cash flow. Our first investment property actually happened by accident because of not being able to sell a previously owned house that we had and moving out of that area. So it turned out to be a really good thing for us. So after that, that made me really interested. The first intentional investment property that we purchased was in Florida. I found the Creating wealth show and Jason by him being a guest on another podcast that I had been listening to. It was about creating passive income, and he was a guest on that show and I was impressed with his knowledge. So from there I made my way to his podcast. Right now we have a total of 10 properties. We decided to go all in. I mean, we've been doing 401k and other traditional retirement plans and investments that most people are comfortable with with really terrible results for lots of years. So I was okay. So we actually liquidated everything we had in our 401ks paid the penalty on all of that and are doing much, much better with real estate and very happy about it. But I think it just comes down to being comfortable with the education. So I felt like there's plenty of information out there about real estate. There's lots of people with great track record. And so I think if you follow a path of success, that it's a lot easier to replicate and duplicate. So I felt like I was following other people's paths of success, so I felt comfortable. I started researching on real estate investing about three or four years ago. Two years ago, I was lucky enough to stumble upon the podcast when I was doing a search. I listened to you for probably three or four months, but I was hooked after the first episode. Just everything from the real estate information, politics, the philosophy, the economics. And after about three or four months, I decided, you know, I'm gonna put my information in and see what Platinum comes back with. So I plugged my information in on the website. Oliver contacted me a couple of days later and by the way, he has been a tremendous resource for me, just pointing me in the right direction, especially as somebody with no prior experience, experience to real estate investing. But he definitely pointed me in the right direction, helped to educate me and help to show me different sources of information where I can better myself as a real estate investor. One thing that happens when you don't have a real estate background and you instantly buy a very expensive portfolio of real estate, realize you don't know anything about this field. You have to learn. So I didn't really have friends in the real estate state field, so I was looking for resources and podcast was really something that I could do on my own schedule and get information about the real estate market without having to know any individuals or pay for classwork or anything like that. Just really convenient. As soon as we bought this portfolio, I started listening to your podcast in 2009 and we were sold on the idea. We really liked the idea, turnkey single family especially as a way to grow our portfolio as time went on. And so in 2012, we bought our first property in Memphis through your group. Now, Kelly was not as excited as I was at the time about it, so I had to convince her. So I had to invest with my own money. So I actually used my IRA and purchased a single family home in my ira and it's worked out great. I've been in investment for about two years. I have six investment properties, one in Kansas City, three in Memphis, and two in Little Rock. Oh. I started university because I listened to Jason's podcast. That's it. It makes sense to me. So I make a very quick decision. I think maybe in one month. I decided to attend the Beaten master event back 2016. And then, yeah, I started to buy properties since then. Before that, I'm trying to do some study on stocks, but that makes sense to me. So I hold a lot of cash. I didn't deploy to the stock market. So finally I get the Jason's podcast. Everything is. He said big sense to me and I have a lot of agreement with his opinion. So I decided to come to the event Vita Masters and then I decided to make the investment. I think the first thing is real. You can have a real good return. It's not a scam, but you should be careful. What I recommend is join a letter like adjacent network and get some education and then start to buy the properties. Don't wait too long. The markets we're buying in are robust markets. The population is stable and growing and the values are stable and growing. It's not like we're just buying residential anywhere. We're buying in good market. What I've learned is you like to mention be Arie agnostic is one of your commandments in that I love that. I like to look at this as also be when it comes to real estate investing. Be age agnostic. Who cares what age you are? You can start doing this at 19 like you did. You could start doing this in 20s. You can start doing it in your 50s. I started in my 50s, so I got interested in real estate investing. You know, I'm actually. My background's in finance and I. So I have a pretty strong background, but more so in what's been traditional investing. And it's funny that we've been touting diversification for so long and it's been like that mix of stocks and bonds. And I really felt like after all this time preaching to others that, you know, this should work for them. It wasn't even working for myself and thought that I really need to venture out. And, you know, real estate investing just. It definitely interested me. It wasn't something that I struggle with. It was, you know, something that, I don't know, I got excited about right away. It made sense to me. And so it's more so of creating that team and knowing how to go about it was my biggest challenge in figuring out because with traditional investing, you can figure out an ETF or a mutual fund. You do online research. This took a lot more effort and I know that I can't do it solo. I need to to come up with a good team and a good approach. So I found Jason. I was listening to not his podcast, but one that he spoke on. And it was just at that time, I was just trying to learn. I'm like, well, you sounded pretty smart, so I'm gonna listen to his podcast. So, you know, I actually listened to his podcast well over a year, and then I would say, you know, I don't know, it was more so just thinking, I don't know, it just seemed like it was interesting, not necessarily something that would be right for me. And then all of a sudden, everything clicked and it was right for me to take the steps and really figure out what Jason's all about and more of the program. And to see if it worked for me, I started listening to the podcast. Did that, you know, for probably a couple years, but before I connected with your investment counselor, Sarah. She did a great job of kind of holding my hand through the process. I probably one of the more needy clients she worked with, but ended up buying my first property in 2011 in Atlanta and then waited a few more years until my next one, but 2014 purchased in Memphis. And so that's where I am at this point. I've been following Jason's company ever since 2000, 2007. I went through a seminar in his Newport beach office by Fashion island, and I've been listening to all his podcasts since then. Always wanted to buy some more, but a couple years ago, we went on the property tour in Cincinnati, and it was great. We love Missy and her team, and we actually sold our Texas property and did a 1031 exchange with two of Mitzi's properties in Hamilton, Ohio. And they've been working out great for us ever since. And this just in 2017. Yeah, last year we sold our home in Chino Hills that we lived in for 25 years, raised our family and all that, and we're taking all our proceeds and we're going all in on rental properties. And the funny thing is we're kind of of following Jason's lesson to the T, and it's working out great for us. We're not going to buy again in California. We're renting actually in Newport Beach, California. I got into real estate investing because I've been a student of the stock market for years and years, and it just doesn't seem to make sense to me anymore. Besides what Jason says, it just. It just seems like the guys at the top make sure that they win and you don't win, which, you know, it's just, I feel the same way even before Jason said that. And the fundamentals don't seem to make sense to me, but there are fundamentals in real estate and income property investing that aren't going to be able to be changed by high frequency investors or anything like that. The fundamentals are there and they're going to stay there. I'm fine with income properties, you know, slow and steady approach. I basically found Creating wealth podcast by searching itunes and immediately I resonated with your message. The great return on investment, significant reduction in taxes, steady income that could eventually replace my corporate job income. Also, what I found very powerful is along with that message, I was impressed by the high caliber of your guests. And I remember listening to economists, investors, lawyers, authors, basically people who could present their expertise and allow me to judge their response against your message. So as an example, when you talk about inflation, your ideas about inflation going up over the next few years, I could vet that message against your guests and be sure that what you were saying made sense. That was very powerful to me. If you're that kind of person and you've got the capital and you're a great negotiator, you've got great people skills, you, you could probably be a successful flipper. But it's like a job, right? If you're not flipping, you're not making money. And that's why I prefer income property. Because you just make money every month. Well, I like real estate just because I like the benefit of being able to have mortgage pay off real estate over time so that when I retire I have something. I like the fact that it's boring. I want to be able to be entertained and travel and do a lot of things in my retirement. And that boring investment of real estate allows me to do that. Well, it was never our goal to be full time owners of shopping centers. It's just an opportunity that was too good to say no to. To that we decided to take on, really what we wanted to do is just have a nice life and not work too hard. And these particular shopping centers took a lot of effort to run. Part of the reason for that is they were in parts of town where it's hard to hire professionals to come and do the management for us. And so we had to do our own property management. And so part of the reason that we're selling the shopping centers and exchanging them for single family homes is that we'll be able to get property management with these portfolios of homes so that we don't have to do so much work ourselves. I think when you combine the concepts of this inventory shortage, the fact that there's still a Runway, and the fact that you can't use a standard tool to really figure out what the heck of the price of the value of a house is, I mean, it's really good that you've got those investment counselors that can kind of help you navigate the waters. Because as much as we'd like to just automate everything, it really does take knowledge, experience, and an overlapping of, you know, some helping hands, if you will, to make sure that you're investing in the right way. From the initial market recommendation from yourselves and the choosing of the property right through to the leasing process with the property manager. Everyone has been just totally professional and the communication is excellent. Especially with being such a long distance away, communication has been just fantastic. And even after leasing a property, Platinum Properties has kept in contact to check everything's okay. The people that I've been introduced to, from Sarah, the people in the markets to the financing people, property managers, and your local real estate experts, they've been just more than helpful. I mean, seriously. And that's why I'm back for more. I'll be buying more properties this month, and as you point out, it's a little bit of work up front. Really, the work's up front. And later on, as with my other properties, it's really not too bad and the returns are just outstanding. The downside, it's not that significant. Yeah. Yeah. So I think it's just a wonderful program. You're doing a great service for people. So I would just like to add that my goal is maybe get into real estate also to help my friends do what I've been able to do. A lot of them are asking me about it, you know, so. And spend more time with my family. Hopefully grandkids too. My daughter's married three years now, so maybe the near future we'll have grandkids to take care of. 2012 is when we did our first purchase. I think 2011 is when we started, you know, attending meetings. Probably 2010 is when I started listening to podcasts. My husband was a little ahead of me, so he was probably, you know, late 2009, early 2010, and, you know, we just obsessively listened to. I think you were on episode 300 at that time, though. I do very much credit you with getting me involved in real estate investing. I had tried to do a flip originally that went sideways and I ended up having a condo that I had rented out after that after a bad flip and I realized that being a landlord wasn't all that tough and and eventually I found you on the web and that really got me into real estate investing. So thank you for that. Thank you so much for listening. Please be sure to subscribe so that you don't miss any episodes. Be sure to check out the show's specific website and our general website heart for appropriate disclaimers and terms of service. Remember that guest opinions are their own and if you require specific legal or tax advice or advice in any other specialized area, please consult an appropriate professional and we also very much appreciate you reviewing the show. Please go to itunes or Stitcher Radio or whatever platform you're using and write a review for the show. We would very much appreciate that and be sure to make it official and subscribe so you do not miss any episodes. We look forward to seeing you on the next episode.