CW 782 - Michael Quarles - Higher Interest Rates, Lower Tax Rates, Real Estate Investors, Economy Under Trump

Jason welcomes entrepreneur Michael Quarles to discuss the new Trump administration and the U.S. economy. The first real estate president will have an effect on real estate investors, interest rates, tax brackets and the amount of extra cash we all have in our pockets but to what extent? Michael and Jason speak of the good old days of simple interest rates, small government and inaugural speeches of the past.   Key Takeaways: [1:33] The lesser of two evils took office and his inaugural speech mirrored the famous speeches of the past. [6:21] The idea that government should be less powerful and people should be more powerful started back with the Magna Carta. [8:36] Will the Trump administration be good for real estate investors? [9:56] Higher wages translate into higher real estate prices and stable tenants. [13:35] A mortgage locks you into a rate for 3 decades! [15:24] The Meet the Masters Event stressed Jason out a bit.   Michael Quarles Guest Interview: [19:39] Michael believes the tax bracket will go down allowing him to invest more under the Trump administration. [24:11] Whether it is passive income or 'wholetaler', an entrepreneurial mindset is the key to success. [26:57] Will average consumers have more money in their pockets when interest rates rise and tax rates lower? [29:47] Rents are climbing higher than a mortgage payment in larger markets. [31:02] The Yellow Letter Business is exclusively real estate focused. [35:39] Professional real estate investors aren't afraid of risk. [38:01] Michael Quarles is excited about what the future holds. [42:13] If you think you can, you are right.   Mentioned in This Episode: Jason Hartman Michael Quarles