JH 38 - Martinis and Your Money with Financially Blonde's Shannon McLay

Jason Hartman grabs a cosmo and joins Shannon McLay to talk about investing for the long term, securing your real estate portfolio, protecting yourself and your investments, and some of Jason's favorite travel memories. Key Takeaways: [6:04] Why Jason decided to buy his first rental property, and whether it was hard to be taken seriously by tenants at 20 years old [10:07] The power of leverage, and qualifying for financing [13:24] Explaining Commandment #5, Thou Shall Not Gamble [17:48] Getting into Commandments #6 & 7, Thou Shalt Diversify and Thou Shalt Be Area Agnostic [20:02] Comparing investing in real estate not near you to investing in stocks [25:28] Do you need to set up an LLC to invest or should you just do it in your own name? [26:58] The wise saying of Jason's grandmother [28:43] How much money you need to have on hand for any maintenance that needs to be done to homes in your portfolio [32:54] Some of Jason's favorite countries he's visited, and Jason's fascination with communism Website: www.JasonHartman.com www.twitter.com/JasonHartmanROI www.WeGoLook.com www.Financially-Blonde.com Interview Recorded on 11/30/2015