Gary Pinkerton starts off the show discussing how true wealth can be built through real estate if done correctly. It’s important to remember what’s an asset and what’s a liability, and how you can use your assets to afford something that’s a liability without compromising your success.
Then Jason Hartman is happy to bring one of his clients, Adam Jackson, on to the show to talk about his journey into real estate investing. Adam started buying properties toward the end of 2016, and has subsequently purchased 11 homes in the past year on his quest for financial freedom.
Adam shares what markets he’s currently invested in, where he’s looking to expand, keeping score with personal financial statements, and keeping a healthy balance.
Key Takeaways:
Gary Intro:
[3:36] Sometimes we need gut checks on our journey to remind us of what we really need to do to reach our goals
[6:23] Take control of your investments, because nobody will ever care about your financial success as much as you do
Adam Jackson Interview:
[12:25] Who is Adam Jackson?
[18:04] Where Adam bought his first property, and why
[20:15] Why Adam chose to buy a home with cash
[28:05] When you suffer through an expensive repair, remember that your loss is shared by the government on your tax return
[30:42] How to Keep score via financial statements
[35:36] The P vs PC Balance
[38:42] Adam’s attempt at the abundance mentality and trying to pass along whatever wisdom/money/time he can
[42:23] Focusing on a few things in-depth is better than a little bit of everything
[21:12] Where Adam bought his first property, and why
[23:23] Why Adam chose to buy a home with cash
[31:12] When you suffer through an expensive repair, remember that your loss is shared by the government on your tax return
[33:50] How to keep score via financial statements
[tweet_box design=”default” float=”none”]”The other asset, that people don’t realize they have, is their credit”[/tweet_box]
[38:44] The P vs PC Balance
[41:50] Adam’s attempt at the abundance mentality and trying to pass along whatever wisdom/money/time he can
[45:31] Focusing on a few things in-depth is better than a little bit of everything
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