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Millionaires Unveiled

128: Net Worth of 12M - Single Family Homes with Jason Hartman

Millionaires Unveiled

Jace Mattinson

Investing, Millionaire, Financialplanning, Business, Self-improvement, Education, Finance

4.8872 Ratings

🗓️ 6 April 2020

⏱️ 41 minutes

🧾️ Download transcript

Summary

We talk with today's guest, Jason, about single family home investing, property management vs. self managing, cyclical and linear housing markets, and how to value a small business. Jason talks about how he became involved with real estate at the age of 20 and shares details on his first deal. He guides us through what to look for when purchasing a single family home rental and the importance of standardization when analyzing deals.

Transcript

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0:00.0

And the first of the month rolled around and what do you know? I got a check from the tenant with a nice note that says,

0:07.0

hey I guess the property manager got out of the business and he just told me to send you the checks.

0:12.0

And you know if you need anything give me a call the

0:14.7

tenant said and I thought well that's a nice friendly tenant and so I just kept self-managing the property

0:20.9

for years and it worked out great. I know here's what's so

0:25.3

special about that. I have never been to that property, I have never seen that

0:30.0

property, I have never met that tenant even now years later still I've just never been there

0:36.7

and I never thought you could self-manage a property from a distance like that

0:44.4

you're listening to the Millionaires Unvealed Podcast, where you'll hear the stories and

0:49.4

interviews of everyday millionaires.

0:52.4

We'll unveil their decisions, their strategies,

0:56.0

and their current portfolio allocation.

0:59.0

Now to your hosts, Clark Sheffield and Jaceays-Anson.

1:04.0

Welcome back to another episode of the Millionaires Unveiled Podcast.

1:07.0

This is episode 128.

1:09.0

Clark, how's it going man?

1:10.0

Good, how are you doing?

1:12.0

Doing great. What's going on to world oh nothing much just you know is this

1:16.6

Corona stuff starts to hit I was wondering to myself this last week how and with

1:21.0

everybody losing their jobs are on these record

1:23.0

job was claims that are going crazy I started thinking you know you always

1:27.0

hear how much people have in savings and how much an emergency fund and this sort of

...

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