JH 38 – Martinis and Your Money with Financially Blonde’s Shannon McLayApril 1, 2017
Jason Hartman grabs a cosmo and joins Shannon McLay to talk about investing for the long term, securing your real estate portfolio, protecting yourself and your investments, and some of Jason’s favorite travel memories.
[6:04] Why Jason decided to buy his first rental property, and whether it was hard to be taken seriously by tenants at 20 years old
[10:07] The power of leverage, and qualifying for financing
[13:24] Explaining Commandment #5, Thou Shall Not Gamble
[17:48] Getting into Commandments #6 & 7, Thou Shalt Diversify and Thou Shalt Be Area Agnostic
[20:02] Comparing investing in real estate not near you to investing in stocks
[25:28] Do you need to set up an LLC to invest or should you just do it in your own name?
[26:58] The wise saying of Jason’s grandmother
[28:43] How much money you need to have on hand for any maintenance that needs to be done to homes in your portfolio
[32:54] Some of Jason’s favorite countries he’s visited, and Jason’s fascination with communism
Interview Recorded on 11/30/2015