393: Income Property Client Case Study Chad Hewitt
Episode description
Chad Hewitt appropriately and humorously likens his scaffolding business to a short-term rental property. This Rich Dad, Poor Dad inspired investor shares his real estate story with the Hartman Network.
Key Takeaways:
[1:15] Owns a scaffolding business is quite similar to owning a short term rental company.
[2:10] Triple net leases simply mean that all expenses pass through to the tenant.
[3:30] Originally inspired by Rich Dad, Poor Dad.
[7:00] Triple net vs. individual residential real estate.
[11:20] Anyone with a decent paying job can get past the 16k barrier to entry.
[14:00] Income property is the most tax-favored asset in America because you can depreciate it.
[20:30] With a 1031-exchange, you don't need to do the recapture when you sell a home.
[25:00] Because of the Green New Deal, the cost to develop your average apartment complex is going to go up.
Websites:
Jason Hartman PropertyCast (Libsyn)
Jason Hartman PropertyCast (iTunes)
1-800-HARTMAN