Creating Wealth Real Estate Investing with Jason Hartman

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A local market specialist in the Jackson, Mississippi area joins Jason to share details of what makes Jackson a great place to live and to invest. Those looking for blue collar or white collar work are likely to find it in Jackson as employers abound. The well built, low-cost properties have a high RV ratio and the regulatory climate is landlord friendly. Brick on slab construction and agreeable climate make rehabbing lest costly and do-able year round.  

[1:36] There is plenty of work and money goes farther in Jackson, Mississippi.

[4:10] Details of Jackson’s regulatory environment and landlord friendliness.

[5:19] Who are the target tenants of Jackson and who employs them?

[7:43] Typical house prices, cost to rent and what is included in a rehab.

[10:44] Classifying the properties based on cost to buy, building type and school district.

[13:30] After inspections, properties are upgraded and rehabbed with durable materials.

[15:46] A 6-month warranty on rent and upkeep is standard with this local market specialist.

[16:31] Jackson Mississippi has exceptional RV ratios. There are plenty of low-priced homes which collect high rents.

Jason Hartman

A local market specialist in the Jackson, Mississippi area joins Jason to share details of what makes Jackson a great place to live and to invest. Those looking for blue collar or white collar work are likely to find it in Jackson as employers abound. The well built, low-cost properties have a high RV ratio and the regulatory climate is landlord friendly. Brick on slab construction and agreeable climate make rehabbing lest costly and do-able year round.

[1:36] There is plenty of work and money goes farther in Jackson, Mississippi.

[4:10] Details of Jackson's regulatory environment and landlord friendliness.

[5:19] Who are the target tenants of Jackson and who employs them?

[7:43] Typical house prices, cost to rent and what is included in a rehab.

[10:44] Classifying the properties based on cost to buy, building type and school district.

[13:30] After inspections, properties are upgraded and rehabbed with durable materials.

[15:46] A 6-month warranty on rent and upkeep is standard with this local market specialist.

[16:31] Jackson Mississippi has exceptional RV ratios. There are plenty of low-priced homes which collect high rents.

Jason Hartman

Guest Ed Conard is an economist who worked with Mitt Romney at Bain Capital, he is the New York Times Bestselling Author of Unintended Consequences: Why everything you’ve been told about the economy is wrong and his upcoming book, The Upside of Inequality: How Good Intentions Undermine the Middle Class promises to educate and enlighten. Discussions during this podcast include misnomers about CEO pay, why the technology sector is wildly profitable and how a complex web of regulations may be only benefiting the big players in the market.

[3:52] Ed Conard worked at Bain Capital with Mitt Romney during which time they experienced exponential growth.

[5:54] The two types of opportunities people invested with Bain Capital are capital investment and management supervision related opportunities.

[7:31] Bill Bain used a higher risk strategy and took advantage of undervalued investment opportunities.

[9:45] The Upside of Inequality showcases the productivity of the American work force.

[14:42] Is negotiating for a bigger piece of the pie accelerating the US economy?

[17:11] CEO pay may not be as outrageous as the headlines lead us to believe.

[22:00] The tech sector pays less taxes and has minimal regulation as compared to other sectors who are constantly looking for regulatory loopholes to give them a competitive advantage.  

[23:46] The rise of profitability in the tech sector has been extraordinary.

[24:47] The economy is squeezing the profitability out of every most other sectors.  

[27:09] Properly trained talent and a willingness to take risk are the binding constraints to growth in this new economy.

Mentioned in This Episode:

Jason Hartman - Now with New Features!

Hartman Education

Edward Conard

@edwardconard on Twitter

Guest Ed Conard is an economist who worked with Mitt Romney at Bain Capital, he is the New York Times Bestselling Author of Unintended Consequences: Why everything you've been told about the economy is wrong and his upcoming book, The Upside of Inequality: How Good Intentions Undermine the Middle Class promises to educate and enlighten. Discussions during this podcast include misnomers about CEO pay, why the technology sector is wildly profitable and how a complex web of regulations may be only benefiting the big players in the market.

[3:52] Ed Conard worked at Bain Capital with Mitt Romney during which time they experienced exponential growth.

[5:54] The two types of opportunities people invested with Bain Capital are capital investment and management supervision related opportunities.

[7:31] Bill Bain used a higher risk strategy and took advantage of undervalued investment opportunities.

[9:45] The Upside of Inequality showcases the productivity of the American work force.

[14:42] Is negotiating for a bigger piece of the pie accelerating the US economy?

[17:11] CEO pay may not be as outrageous as the headlines lead us to believe.

[22:00] The tech sector pays less taxes and has minimal regulation as compared to other sectors who are constantly looking for regulatory loopholes to give them a competitive advantage.

[23:46] The rise of profitability in the tech sector has been extraordinary.

[24:47] The economy is squeezing the profitability out of every most other sectors.

[27:09] Properly trained talent and a willingness to take risk are the binding constraints to growth in this new economy.

Mentioned in This Episode:

Jason Hartman - Now with New Features!

Hartman Education

Edward Conard

@edwardconard on Twitter

Unlike stocks, bonds, mutual funds or commodities such as precious metals like gold and silver – real estate is a multi-dimensional asset class. The multi-dimensional nature of income property makes it extremely profitable in changing ways based on varying market conditions. This is a wonderful thing because investors can profit even seemingly “bad” markets. For example, when financing becomes expensive (low housing affordability rates) or difficult to qualify for (low capital liquidity) it can create excellent opportunities to increase rents. When mortgage rates are low and qualifying is easy it can spur terrific appreciation. You can win either way so long as you adapt your strategy based on economic realities.

Additionally, a discussion about Macro vs. Micro Markets™ so don’t just run out and buy based on a city – be sure to screen and drill down into the various Micro Markets™ within each city. Since you can’t buy all of them… you may as well buy the best ones!

Last but not least Jason recommends the book “Revolutionary Wealth” by Alvin and Heidi Toffler.

Unlike stocks, bonds, mutual funds or commodities such as precious metals like gold and silver – real estate is a multi-dimensional asset class. The multi-dimensional nature of income property makes it extremely profitable in changing ways based on varying market conditions. This is a wonderful thing because investors can profit even seemingly "bad" markets. For example, when financing becomes expensive (low housing affordability rates) or difficult to qualify for (low capital liquidity) it can create excellent opportunities to increase rents. When mortgage rates are low and qualifying is easy it can spur terrific appreciation. You can win either way so long as you adapt your strategy based on economic realities.

Additionally, a discussion about Macro vs. Micro Markets™ so don't just run out and buy based on a city – be sure to screen and drill down into the various Micro Markets™ within each city. Since you can't buy all of them… you may as well buy the best ones!

Last but not least Jason recommends the book "Revolutionary Wealth" by Alvin and Heidi Toffler.