Jason Hartman starts the show with a discussion on the CDC and their eviction moratorium. After, he looks at debt and how to manage it well. In the interview segment of the show, he finishes a two-part conversation with Adam Jackson as they talk about global currencies, demographic trends, and the on-going wealth transfer. They end with thoughts on the exodus out of New York and the rental market in the city.

Announcer 0:02
Welcome to the creating wealth show with Jason Hartman. You’re about to learn a new slant on investing some exciting techniques and fresh new approaches to the world’s most historically proven asset class that will enable you to create more wealth and freedom than you ever thought possible. Jason is a genuine self made multimillionaire who’s actually been there and done it. He’s a successful investor, lender, developer and entrepreneur who’s owned properties in 11 states had hundreds of tenants and been involved in thousands of real estate transactions. This program will help you follow in Jason’s footsteps on the road to your financial independence day. You really can do it on now. here’s your host, Jason Hartman with the complete solution for real estate investors.

Jason Hartman 0:54
Welcome to Episode 1542 1542 and thank you for Joining me, thank you to all of you folks who are smart enough not to vote for Joe Biden. I think that’s pretty easy. And you I know there is nobody listening who wants to vote for that guy, because he’s falling asleep. It’s just can’t our democrat friends put up a better candidate? Boy, I’ve seen some pretty crappy Republican candidates over the years. But Wow, this is a new territory. It’s totally new territory. Anyway, hey, we’re gonna get enough politics. I’m so sick of politics. I can’t even I can’t even tell you how sick I am of it. But we’re going to get to our part two of infinite returns with our client, Adam Jackson, who has achieved infinite returns with almost half of his portfolio. You get the money out, you still own the asset. And then you are on the road of infinite returns, you know, and maybe maybe it takes you longer than it took him. He did it in five years. But you know, maybe it takes you 10 years, hey, if you have an asset that you buy today, that in 10 years, produces literally in infinite return to infinity and beyond. Hey, that’s what Buzz Lightyear said, right? That could be YouTube. All right. Before we get to that we got so much to talk about. And by the way, we’re going to be talking about some of it on Sunday. But many of you have asked about the meet the Masters recordings, many of you purchase them already. You already got them. They are in video and audio format. nicely organized. Everything is by segment. You can watch the video online. You can download the audio and take it with you. super convenient. There are I think, I think there are 39 sessions wowza wowza Wow. And they are on sale right now at a discounted price. 100 bucks off. And we are going to do that through Sunday through Sunday. 100 bucks off. So go and grab those at. Are you ready? Here it is you can you can even remember this but you should write it down. Just in case. You might forget to go there if you’re not going to go right now and get your copy. Jason hartman.com slash recordings. Jason hartman.com slash recordings $100 off recordings of our 22nd anniversary. Meet the masters of income property conference. They are there for you at Jason hartman.com slash recordings $100 discount. Get it? Well at last because price is going up. It’s going up all right. bunch of random things here. We have got a lot of messages, a lot of voicemail from listeners from various people that I need to share with you some questions I need to answer. Oh, but I was going to tell you about the Sunday live streamer coffee talk for coffee talk on Sunday. We are going to discuss among other things among taking your questions and answering your questions. We’re not taking them. we’re answering them. We’re giving them back in the form of answers. And we’re going to do that. But we will definitely touch on the important topics, that you’re all starting to talk about this crazy thing that an agency of the federal government unrelated to real estate, is trying to put a ban on evictions. Yes. Ladies and gentlemen, the Center for this Disease Control the CDC, in Atlanta not too far from me. The CDC says they’re gonna do an eviction moratorium through the end of the year. And now, Listen, don’t panic, don’t panic. It’s really not that big a deal, even if this holds up, which I don’t think it’s gonna hold up. Cuz, first of all, do they even have authority to do that? I mean, this is not, this is not HUD doing this. It’s not Fannie Mae or Freddie Mac saying, if you have one of our loans, you can’t evict people. Or if you have one of our loans, and you’re in forbearance, you can’t evict people and stop paying payments while you’re still collecting from your tenant. So you know, they could pull that kind of stuff, right? But the CDC What do they ever do with real estate? Nada, nothing. So and even if they do have the authority, I mean, This thing is being challenged like crazy, it’s probably not going to make it. Even if they did have the authority, which is questionable. The question is, is it even constitutional? To do a, you know, like this federal eviction ban? Because think about it, one of the core concepts of our society. And this goes way back to I think, Thomas Locke was the the real expansion, I guess, I want to say the expansion of the thinking of private property rights, right. Your private property rights are like your person, right? It’s like you’re your body, you know, you you are entitled you have the right to your property because what is your property produced with it’s produced with your life, your labor, and this is why I find it so incredibly, really just just ridiculous and disrespectful. That These big disgusting companies that we all deal with waste our time, because our time is also our property we trade our time for, for pay. Most of us do. We trade our time for money. And that money buys us things and that stuff becomes our property. And so, when someone is stealing your property or ripping you off in a deal, they’re in essence, stealing your life. Because your life only consist of time, and they’re stealing part of your life. So the next time you wait on hold for 45 minutes, getting the runaround from some big disgusting company that’s essentially harassing you. They’re essentially a terrorist. Just understand they are literally stealing your property, because your time is your property. So is your real estate, it is your property right? And so I just can’t imagine this thing getting anywhere. But hey, they say that’s the deal. Now, of course, it’s really not that easy. And it’s really not that big a deal, folks, because even if it does, you know, withstand the scrutiny of all the lawsuits and the legal challenges, right, Say it, say it withstands all of that, right, the landlord Association, you know, the National Apartment Association, they’re all battling us out with this with the CDC and stuff. But say it stands up to all of that, right? It’s still there are many hurdles the tenant has to overcome, to claim the right to not be evicted for non payment of rent. They have to be sick, I believe. I mean, right now, I’m just reading this. So don’t quote me on any of this, folks. Do your own due diligence. I don’t know if you should even waste your time on this, frankly. But if you’re so inclined, I think they have to be sick. They have to prove that they are not employed, they can’t pay the rent, and the rent accrues. Okay. So You know, don’t worry about this, it’s just not worth worrying about yet. This is like everybody several months ago worrying about, you know, not receiving their rental income, and so far knock on wood. And that actually was what I was knocking on just so you know, because we wouldn’t want to fall to advertise here. Yep, that’s what, that’s my desk. And so it’s turned into a non issue, like it’s a non issue. You know, people are paying their rent, it’s working out fine. And, you know, one of my properties is self managed property. By the way, I got my rent nine days early, they just send it to me through the banking system, I just get it electronically. It’s beautiful thing. I love self management. Now, if you have a great property manager, Hey, keep them but if you have a questionable property manager, dump them and join the empowered investor network. The empowered investor is In our circle, I should say, and get on board with us so that you can become empowered and save tons of money and increase your return on investment. Okay, a couple of these messages. Let me get to these. And then we will get to part two of our client case study on Infinite returns. So, first one, and this is just a I’m reading a tweet, which is interesting. This tweet comes from Tesla charts, and it says, fun fact. Number one. I used debt prudently and sparingly, saved religiously paid all student loans and mortgages as fast as I could afford. Never use debt to buy a car, paid my credit cards in full every month. Fun Fact number two. I am an idiot. That’s what they said. And you know what? As much as I hate to agree with the tweeter, is that how you would say at the tweeter, not like, you know, not like in the speaker, you know, like, you know, the, the woofer and the tweeter, but that the Tesla charts Twitter account or channel, whatever whatever the right lingo is. I agree with this, you know it’s sad. It’s just it just ain’t fair folks, it just ain’t fair, that people that do all of the seemingly right things get punished. And the people that do all the seemingly, you know, I’ll say, let’s not say seemingly right and wrong, let’s say people that invoke the pre 1971 strategy, because of course, that’s when Nixon temporarily temporarily suspended the Convert ability of gold or dollars to gold Temporarily and guess what, hey, it’s 2020. And this temporarily is still going on. Try trading your dollars for gold at the, at the Treasury. Right?

Adam Jackson 12:11
Yeah, good luck.

Jason Hartman 12:12
Good luck on that one. You know, you can go and buy some gold But you can’t you can’t convert your dollars to go not directly. Yeah, that’s really decorous. But that’s the way it is. So there’s the pre 1971 strategy and the post 1971 strategy. See two completely different worlds two completely different worlds. Yeah, yes, pre 1971 and post 1971 strategy. And the Fun Fact number one in this tweet, is that this person did all of the right things by the pre 1971 strategy, but by the post 1971 strategy he’s an idiot. He’s right. It’s not fair. It’s just the way it is. And that’s why you need to follow our strategy. Because, hey, we’re gonna help you win in the post 1971 strategy world. Okay, let’s listen to the couple of these messages that I haven’t listened to in quite a while. And I have no idea what they’re going to say, but I’m gonna play him for you. And then of course, I will have some comments there from various listeners. And maybe there’s one or two from one of our actual investment counselors in here with a question or comment that a client is raising. And let’s just go through a couple of these things. And I got a bunch more we’re not gonna be able to do them all today. So we’ll try to do some more tomorrow or in the near future, but here we go.

Adam Jackson 13:44

Adam Jackson 13:46
hot came finding the time to learn how to save Jason Hartman real estate investing in Chinese. So there’s your message of

Jason Hartman 13:56
the day that’s Kelly’s daughter in Mandarin

Adam Jackson 13:58
Jason. So Not sure if this was a test to see if I was listening to the podcast or not. But I want to make sure our listeners know that I am not a Dodgers fan. Okay. The link I posted about the cars parked, the rental cars parked in the parking lot was at angels baseball stadium. So I just needed to make that clarification.

Jason Hartman 14:19
That was Sarah, that was really important report.

Adam Jackson 14:23
And even talking a lot of you were talking about it before lots of other people were about the population shift from cities and more densely populated areas into less densely populated areas. And

Adam Jackson 14:39
I’m seeing a lot of anecdotal evidence

Jason Hartman 14:42
among my connections here. And this, by the way is our client, Sean Carroll, who we also happen to hire because he’s a professional actor and MC. We hired MC meet the Masters so he made this comment a while back and he lives in New York City, and he’s going to stay because he’s a die hard. He loves it there but He’s just commenting on, on how he’s constantly telling me how many moving trucks he sees of people moving out of the city and so forth. So just listen to his comment. And he’s purchased properties from the sea and several of our markets over the years,

Adam Jackson 15:16
New York. And a lot of people that I’ve worked with in Philadelphia, where I’m originally from, who are indeed doing that, every day in my Facebook feed, or Instagram, or I get a private message from somebody that I worked with not just actors, some business people as well, who during this time, you know, maybe they have a second home in the mountains, or this one person I worked with. She’s originally from North Carolina, and it’s a beautiful rural community that she grew up in and her husband decided, like, you know what, this is a good time for us to recalibrate. And so they’re moving. They’ve decided they’ve already started packing. There’s three more than I saw last week, people in New York that are performing artists who realized, Hey, you know, since theaters prior They’re going to be shut down for a while anyway, why don’t you just stay here, work on my stuff. And you know, there’s theaters in this area too. So when they do open back up, you know, there’ll be work here and I’ll just pick up some other stuff since I know people here. So I’m just seeing at least a few a day. And if I scale that out, I know that if I’m seeing that anecdotal evidence, I’m sure I’m not the only one. So you probably like are not surprised to hear this, but I just thought I’d report since I happen to be connected to a lot of people who kind of had one foot in one foot out like New York already. I was just saying to Tanya, like, I thought never even occurred to me to leave the city during this crisis. Like I consider this my home. This is the first place I’ve lived where I actually feel like I’m home, you know, and I know it’s expensive and stupid and I can get way better places but I you know, I just like it here. So for those of us that do stay, I’m excited to see what kind of deals I can get on rent. When this whole thing prices are dropping for sure. I would be definitely okay if a few hundred thousand people left the city and we didn’t See that influx of college kids that come in in May, June and July that jack up the rents on everything and where they put seven people in a two bedroom apartment and the rest of us can’t get one. So I’ll be keeping my eyes on it not report, but I see on the ground with rent prices and stuff. They’ve already come down like our neighborhood. The rents, I’d say, since the crisis began dropped at least 10%. So that’s just been my observation. I expected to go down further.

Adam Jackson 17:24
Hey, man, yeah, that’s cool. It definitely seems like

Jason Hartman 17:28
so this is Drew Baker, you probably recognize some of these voices. And he is probably gonna say something about self management or something. I’m not sure.

Adam Jackson 17:37
There’s going to be a big shake up in the technology sector just pushing towards being virtual. I mean, this sort of has given everybody the chance to kind of sit back and reevaluate their business and think about how they can sort of automate things and inefficiencies. And I’ll tell you what, man I’m pretty happy about self managing time. Considering firing my property manager before switching over to anyone else, just try self managing those properties for a couple months seeing which ones I think I can handle and what the other ones

Jason Hartman 18:15
and by the way he did do that

Adam Jackson 18:17
property manager, a new one. So yeah, I’m on board I think this sounds very Hey Jason, hope all’s well long time I’ll speak haven’t used this in a while but so your interview with Ryan Moran from a few days ago and I just want to reach out once it’s in Hong Kong as well saved in these crazy times. And it was like hearing your perspective on things as you shared on Brian’s show because you are one of the rational voices during irrational time so but yeah, oh Paul as well man. Just want to say hi. And I want to let you know, I’m looking across the street for me back or showing across the street. That’s a high rise and there are three additional vacant apartments that I can see through the window are vacant right now that were not vacant last week. So, and usually New York City. And there’s a family that lives across from us that I know has been there for a long time. And they moved out. So the migration, I believe continues.

Jason Hartman 19:19
All right, well, we’ll stop it there because we’ve got a we got a lot more to cover with our part two of our client case study today. So remember, Jason hartman.com. Slash recordings to get your discount just for a few days here, ending on Sunday to get your discount on the meet the Masters recordings, video and downloadable audio. All there for you Jason hartman.com slash recordings. And now back to part two of infinite returns with our client Adam Jackson. Do you want to talk about you know, any thoughts being in your industry being an aerospace and the economy and what’s going on? You said that you’ve been doing very well through all this, your properties are obviously doing very well. So congratulations on that. But just, you know, we all want to know what’s coming next, what’s the real read on things that are going on in the world. And this is very uneven, this whole economic situation, and it’s, it’s very sad, a lot of people are struggling, but a lot of people are just doing great at the same time. You know, it’s, it’s really mixed, mostly in a recession, you know, it’s like, 80% of the people will be suffering, but this time, it’s, you know, it’s like 5050, or maybe even better than that, in terms of most people are doing pretty well, you know, 6040 or something. But what are your thoughts? Yeah, I mean, it’s, it’s actually very interesting to me, you know, as somebody who works in the aerospace industry, you know, there’s there’s a lot of technology an up and coming you know programs I guess that are expanding upon these and in different militaries are working with one another so I mean militaries are definitely going to continue to to increase especially with with the with the the political landscape is today. But yeah, if you’re a professional and you have the ability to work from home, you are definitely in much better shape, especially if you’re within an industry that is getting some sort of government funding in particular, or, you know, has some sort of market need where, whether it’s some sort of a digital transformation or technological, you know, I guess innovation is needed. So, I definitely think that that’s, that’s a factor and but Jason, I would also like to ask you, I mean, how do you feel about this as far as the fact that you have a stock market that does some sort of a flash crash, it seems like comes right back up again. Going back down. At the same time we have these interest rates that are that are incredibly low and we have a housing boom. I think there’s a lot of sectors in the economy that are just detached. Yeah, they are. You’re absolutely right. The stock market is just fake. I mean, it’s a, it’s smoke and mirrors. It’s just a totally fake thing. So they’ve obviously propped it up with all the money creation. I think we’re up to about $5 trillion. Now, this is absolutely unrecognizable in history, what’s going on? There’s just no comparison. But like I’ve said, and you’ve heard me say, I don’t think the chickens are coming home to roost anytime soon, in terms of the ability for the US to create fiat money. This is a thing. It’s like interesting because I was listening to Peter Schiff yesterday on George Gammons show and Peter’s been on my show before I got to get him back on but he’s so interesting to listen to, but he’s so wrong. He’s just always wrong in the sense. I mean, I don’t know, it’s kind of like divided. He’s not always wrong completely. But he’s talking about, again, that I’ve heard him talk about for the last 15 years about how the dollar is over the dollar is going to crash, the US is going to lose reserve currency status. And I’m thinking to him, I want to say, Well, you know, obviously, compared to what, you know, these people love to like, say the US is in such bad shape, but compared to what I mean, who’s gonna take over the reserve currency status, if not the US, like, who is in better shape than we are? In that there’s just there’s nobody. I mean, it’s definitely not China, China is a disaster in a half, and it’s going to only get worse. I mean, guess they’ve had a miracle for a few decades. And if Trump is reelected, and the continuation, you know, we have this continuation of moving jobs back on shore. I mean, China is going to suffer from that no question about it. China is, you know, running a fake economy in a huge way. They’re manipulating their currency like crazy. They’ve got 10 more years until they have a giant demographic cliff. As Harry dent talks about, that’s actually the title of one of his books and China is not the thing and now after after Coronavirus, nobody trust China, their trust level on the world stage has just been massively diminished. You know, I was there last year and it was really enlightening. I loved it, you know, I would totally love to go back but and then with what they’ve done in Hong Kong, clamping down on on, you know, the protesters and so forth. China’s not going to be the thing. It’s and it’s certainly not going to be let’s go down to number three, Japan. Are you kidding me? I mean, that giant demographic Cliff also country literally will not exist in 70 to 100 years. There won’t be any people. You can’t have a country without people. They’re not having Any children they have no immigration to speak of. So you know that the country will just evaporate, it’ll just go away. And so it’s not going to be China. It’s not going to be Japan with 230% debt to GDP ratio in Japan. Is it going to be the eurozone? Europe is a disaster. What what is going to be Germany? I mean, is it going to be the UK? No way not. There’s nobody to take the place of the US. It’s just it’s absurd, the

Adam Jackson 25:29
good reason to be bullish on the US and even more bullish on us real estate. I just think it’s, it has a great runway and especially with all this money printing, I think that we’re gonna benefit as real estate investors. You’re You’re

Jason Hartman 25:45
certainly right. And then and by the way, I just want to make the disclaimer, I am by no means suggesting that the US is perfect or anything, it’s a disaster. It’s just comparatively, you know, compared to what is the big question? And, and comparatively, it’s in much better shape than any other major country. Okay, that’s just there’s just no comparison. So that’s that. But, you know, what do you think about the demographics of the market in terms of home buyers out there pushing prices of the properties you own and I own up, because there’s a lot of buyers, but also renters. Now, we don’t have to just talk about millennials anymore. We can talk about Generation Z, they’re starting to come up into their own. And these are huge demographic cohorts. I mean, the regulation is giant. As you know, I remember one time it was gross when I was maybe in junior high school. In one of our classes, maybe it was like biology class, they had a snake, a big snake, you know, and they fed it a mouse. And I, you know, I watched the whole thing and, and what’s interesting is you watch that long snake, and then that big lump of the mouse going through the snake’s body, just I’m sure people have seen this, if not look up a video and you can see it happening. But that’s how the demographics are in the US. We’ve got the giant lumps of demographics, 80 million millennials, okay. And they’re moving into their spending years, and they’re going to move into a giant wealth transfer era where that wealth is going to be transferred from their parents as they pass away. So, wow,

Adam Jackson 27:29
it makes me wonder, Well, is there really any stop to this? I mean, is are the prices in certain areas? Of course, gonna keep improving? Because based on everything you just said, there’s a good likelihood that that happens. Now, I think it’s also important to make a distinction between which of those markets are going to benefit most and I think we know what most of those are. Yeah, but I mean, I can tell you an example. I have a brother who lives in Brooklyn, and he was just recently looking for a new lease. So he moved And what’s incredible is the downward pressure. Oh, yeah, we’re all seeing on rents in that area.

Jason Hartman 28:07
All of our clients who live in New York City or the surrounding areas like Brooklyn, they say that there are just moving trucks everywhere. You’re just just people are just fleeing the city. And if not, like your brother’s stayed in, and he probably got a huge upgrade for a lower price. Like literally people are moving from one bedroom units in New York to three bedroom units for the same price. It’s amazing what’s happened, how these cities and I don’t want to just say New York, but San Francisco, LA. They are all in collapse mode right now. Yeah, go ahead with what you’re saying.

Adam Jackson 28:44
Oh, yeah. Well, I think in his case, he ended up getting another bedroom and I think at the overall rent dropped by about 10%. So you’re just kind of give you an idea there. But yeah, it’s it’s pretty interesting though what’s happening also in the tri state area, so When talking about New York, Connecticut, in New Jersey, I’ve actually seen a good amount of price appreciation in areas of Connecticut and things like that. But that’s because people are leaving right city. So you know, relatively speaking, that’s an improvement for them.

Jason Hartman 29:16
You’ve got the money people in New York City who have left in the hip, they’ve gone to, you know, Westchester County, Connecticut, the Hamptons, and they’re definitely pushing prices up there as their money floods out of the high density areas. But again, those properties wouldn’t make sense as investment anyway, because they’re just too expensive to ever get a decent rent to value ratio. So what we’re looking for is the middle and lower middle class tenant that is going that is, you know, just there’s a flood of money going into these cities and these type of properties that make good sense as rental properties and our investors like you like me, and hopefully everybody watching and Listening are really profiting from that, aren’t they?

Adam Jackson 30:03
Oh, yeah, I would say so. And again, none of us, I feel like we wouldn’t have been able to predict this. We were sort of in a mode just in recent months where it was okay, well, let’s hunker down, let’s get our reserves in place. And let’s see what happens. But yeah, I mean, really what’s happening here, especially going to the cities in which we invest, where there’s job prospects, and where there is business friendly areas and jurisdictions. Yeah, I mean, again, we’re all going to be set up very, very well, if we continue to purchase their dollar cost average there.

Jason Hartman 30:36
I completely agree with you. I know you use property tracker, and that’s great that you’re using the software. Are there any other apps or tools or, you know, resources you’re using that you want to share with investors?

Adam Jackson 30:48
You know, I mean, at this point, really, I pretty much use the the property tracker. It’s really all I need. I mean, I use things like Zillow and Trulia and things like Just to kind of get an idea, but for the most part, that’s really kind of what I’m using shadow stats is something that I’ve really been starting to look at more, which I think is great. We have the founder, john Williams on the show before. Okay, very cool. And so I pretty much I think when something is when something works, I like to double down on it. So in for instance, I don’t even think I’ve talked about this yet. But one of the things that I do at this point since I’ve reached my maximum loan slot amount for Fannie, Freddie, is I take a certain grouping of properties I refinance out into a non qm mortgage product or language means qualified mortgage. Yeah, correct. And then what I do is I free up those Fannie Freddie spots, and I put down 15% on the next properties that I buy, and that’s all I’ve been doing at this point. So, you know, I like to use property tracker just because we look at these initial canned, pro formas. But when you’re putting it down, In a different amount, I really kind of want to see what the projection is going to be on that especially 15%. That’s a bit different from the 25% down, especially because you’re gonna have, I mean, you’re gonna just accelerate your total ROI. So that’s fantastic. So you mentioned and I didn’t even ask you enough about this. So sorry about Matt. We got to talk about other things, but the infinite returns on almost half of your portfolio, you say you’re getting infinite returns. What does that mean? I mean, I know what you mean. But I don’t know if people listening know what you mean. So tell us more. Yeah, of course. So infinite return basically means that the money that I put down to initially acquire the property I have gotten that back in returns, but I still hold on to the asset so so for example, I have one property actually was in Memphis and this really was the first property I ever bought. But I put down $25,000 initially to purchase it. It was originally 100 k when I bought it and And that included the closing cost as well. So I put 20% down. Well, fast forward four years, it’s been an excellently performing property it, I get cash flow every month, it’s been the same tenant, by the way, every time. And I just did a cash out refinance pulled out 24 K, and my payment went up only by $20 a month because the interest rate went lower. So for $20 a month, I get $24,000 back out, I still hold on to the asset, and it still cash flows $300 a month, every time.

Jason Hartman 33:36
I love income property, it is the best thing ever. You know, what you’re talking about is phenomenal. I mean, you get all your money back, and you still own the asset. Where else can you do that, folks? Yeah,

Adam Jackson 33:49
I mean, not only that, but I mean, let’s keep in mind that when I did the refinance out, I initially put down 20% I refinanced out and now have a 75% loan To value so I still have all of that equity that sits in that property in addition to the cash flow every month and the loan paid out. And so there’s no telling what that property’s gonna actually return in the future.

Jason Hartman 34:13
Excellent. Good stuff. Well, Adam, first off, thank you for your service. And thank you so much for sharing your story to me and service I mean, military service, of course. And just anything else you want to share with listeners or viewers that I a question. I didn’t ask you or anything or maybe your plans for the future or whatever. It’s all yours.

Adam Jackson 34:35
Yeah, well, I mean, plans for the future. I’m just going to continue to buy and then once I find something that works and works well, there’s no reason to try and reinvent the wheel. So I’m going to definitely continue to increase the portfolio hopefully at an accelerating rate. And then if I could add anything else, it would just be get in control of the asset. That’s the most important thing you can always renegotiate the deal after you have it right. But the But the most important thing is to get that money to start working as quickly as you possibly can, because that’s when all of these other opportunities and options begin to show themselves and become available to you.

Jason Hartman 35:13
Yeah, good stuff. Good stuff. Well, Adam, thank you so much we really appreciate having in the show. That was a great client case study and glad to have you back on the show. Thank you.

Adam Jackson 35:23
Hey, my pleasure. Thanks for having me.

Jason Hartman 35:30
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