How Young Investors Can Use the Current Economy to their Advantage

Jason Hartman joins us to talk about how young investors can navigate the current housing market and succeed. We cover inflation - what it is, what it does, and how you can use it to your advantage as an investor; how to think about debt; his favorite asset class; his strategy for financial perpetual motion; and how to think about mitigating risk. Jason's Site: https://www.JasonHartman.com Free Book: https://www.PandemicInvesting.com  --- Transcript   Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.   Michael: Hey, everyone, and welcome to another episode of the remote real estate investor. I'm Michael Albaum, and today I'm joined by a very special guest, Jason Hartman. Jason is the founder and CEO of the Hartman media company, as well as the Jason Hartman foundation. He's a longtime real estate investor, and also host of the creating wealth podcast. And Jason's gonna be talking to us today about some real estate tips and tricks he has, as well as how to use inflation to our advantage. So let's get into it.   Hey, Jason, super excited to have you on the show today. Thank you so much for taking the time to hang out with us.   Jason: It's my pleasure, good to be here. And we're going to talk about one of my favorite topics, that is a topic most people hate, because they don't know how to use it. for their benefit. We're going to talk about how right all the listeners today and the viewers can use it for their benefit. And that is inflation.   Michael: Ooooh, dun-dun-duun! So before we jump into it, I would love if you could just share with everybody listening and watching who you are, where you come from, and kind of what your background is.   Jason: Sure, sure. Happy to do that. So I've been in real estate since I was 19 years old, I got my real estate license, my first year of college, purchase my first rental property at 20 and a half. I was about to get my license right before my 20th birthday. And I've been doing it ever since I've owned a lot of single family homes. Over the years, I've had a couple of big apartment complexes, 139 units, 125 units, 120 unit, mobile home park, and then you know, just a bunch of single families and in some other stuff like that I have not done any Self Storage, investing. But long term rentals are really my thing. And I know your company helps people with long term rentals, we had your founder on my show before. And and so does my company. So we're in the same space. It's a really big space, and a lot of people just love buying rental properties, rightfully so, you know, I like to say it's the most historically proven asset class in the entire world.   Michael: Yes, yeah. I couldn't agree more. I couldn't agree more. So that's awesome. Do you really done a lot of different things? And I'm just curious, which, which is your favorite asset class? Having seen a bunch of different ones?   Jason: Yeah, you know, that's a good question in the the answer, the real answer is it depends. And why do I say that? Well, I think the best asset is the good old fashioned humble single family home, that really is the best one, all things considered. However, you know, it is a little bit harder to scale it. So if you're a really wealthy investor, you may want to do bigger properties, bigger deals, and fewer of them.   However, in recent years coming out of the Great Recession, we've seen big institutional investors that own 10s of 1000s of single family homes, as you all know. And so that is being scaled pretty effectively by major investors. So you know, it can scale, you just need t