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.
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. “