CW 523 - Achieving Financial Independence in Real Estate with Joe Goncalves – A Client Case Study

Jason Hartman talks on how much he hates seeing people being ripped off in Las Vegas casinos and how casinos hurts the local economy more than helps it. He also does a case study with his long time client Joe Gocalves from Los Angeles. Joe has accumulated over 9 properties in five different markets and he shares to the audience why he chose real estate to achieve financial independence.    Key Takeaways: [1:50] Every time a casino opens in an area, the divorce, suicide and poverty rate increases.  [8:15] Jason describes derivatives as 'the thing about the thing'.  [12:15] According to the National Association of Realtors, prices will be increasing.  [17:20] Jason introduces Joe and investment counselor Sara to the show.  [21:30] Joe heard Jason's podcast, loved it, and he bought two properties on the spot with him.  [26:30] Joe purchased a section 8 home and it's been the easiest property to manage so far.   [27:25] Sara shares her opinion on section 8 homes.  [33:20] Jason used to think investing in a lot of different cities was good, but now he only recommends being in 3-5 markets instead.  [36:15] Jason is not happy with Affinity Group Management and talks about why.  [42:00] Joe invested in stocks before he invested in real estate and lost money in the 2000 crash.    Mentioned In This Episode:   JasonHartman.com/