Tuesday, June 8, 2021

Who is Jason Hartman? | Real Estate Investing with Jay Conner

Jason Hartman® has been involved in several thousand real estate transactions and has owned income properties in 11 states and 17 cities.

His companies help people achieve The American Dream of financial freedom by purchasing income property in prudent markets nationwide.

Jason’s Complete Solution for Real Estate Investors™ is a comprehensive system providing real estate investors with education, research, resources, and technology to deal with all areas of their income property investment needs.

For more valuable information click on this link and watch the complete episode: https://youtu.be/23xA2MJklQA – “Why Real Estate Is Cheap! with Jay Conner & Jason Hartman”

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Jay Conner has been investing in Real Estate for over 15 years. He typically makes 2 deals a month. He has bought and sold over 400 homes.

He had an 800 credit score and the bank closed his LOC. He needed to find a new source of funding. In the past eight years, Jay has never missed a deal because of funding.

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North Carolina 28557

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Jay Conner:

Actually before you do, and we’re going to want to pick your brain, but before you do, how about take a moment and just tell everybody how in the world it is you’re qualified to talk about what you’re talking about?

Jason Hartman:

That’s a good question because there are a lot of fake qualified, unqualified people out there nowadays. I got my real estate. I first got inspired to get into real estate after growing up poor in Los Angeles, California. I didn’t like being poor very much. I wanted to, when I turned 16, I wanted to have a cool car and all this stuff, like all the other kids did. And I didn’t have any of that. So I saw an infomercial of a guru and I read three chapters of his book, put it down. My mom read the rest. She got really interested. And anyway, fast forward when I was in my first year of college, I was 19 years old. I got my real estate license just so I could learn the business, learn the basics.

And I started helping first time buyers and investors buy government repo properties. These were really bad, really ugly properties. They had the windows were boarded up. They were disgusting, most of them. And anyway, I sold some of those to clients. And about six months into my career, I was now 20 years old. There was this one client, his name was Jim Wahl. He bought a few properties from me and I w I was just a kid, but I was, I was working hard. I was selling properties, driving people around in my Volkswagen Jetta and doing the whole thing. Jim Wahl came to me and said, Jason, you know, one of these properties I bought from you, I don’t like it too much. Why don’t you take the listing, sell it for me and I’ll buy something else from you.

And I said, Jim, I don’t want to sell it for you. I want to buy it from you. And that was my first investment property. I still lived at home with my mom, but I had a rental property at age 20. And it was actually, it was okay at first. But then guess what happened? Like like many investors with horror stories I had my first deal was a deal that could have discouraged. I would have had every right and to just give up right there because the tenants stopped paying rent. And I had to evict them my very first tenant I had to evict. And so I was pretty discouraged. They beat up the property and all of that. And so I thought I was going to give up, so I sold the property and I actually made some money on the sale.

So that was okay. And then I bought another property and another one and another one, another one. And, I’ve had hundreds of tenants, maybe, probably over a thousand tenants now over the years, maybe a couple thousand, even, I don’t even know and a whole bunch of properties and a lot of different locations. And then we help well, I had a traditional real estate company and in 2005, I sold it to Coldwell Banker. It was in Southern California. And I sold that in about a year before, as I was negotiating the deal with Coldwell Banker. It took a long time to negotiate. I started thinking about what’s my next gig? What am I going to do? And I had a non-compete agreement, I knew I’d have that. And I just, my first love was always working with investors.

I started looking at investing nationwide, which I had never done before. And this was in 2004, as I was kind of negotiating the deal with Coldwell Banker to buy the company. And I started flying around the country. I started researching other markets and it was so difficult to do this by myself. I just had a really tough time, you know, realtors, most of them don’t know anything about investing. And it was very hard to get property managers that were good. I couldn’t get people to return my call. I’d fly into a city. I’d only have a few days there. So I had to do things really quick. And I just thought this is too difficult, but I want to be a nationwide investor because I remember you know, over the course of my traditional real estate career, as I was investing, you know, there were some times in the Orange County, California real estate market, where there were some tough markets.

I went through some cycles and I thought, I don’t want to do that again. I want to diversify geographically. I always thought income property is the most historically proven asset class in the entire world, but it’s local. There’s an old saying in real estate. I’m sure you’ve heard it, you’ve probably repeated it. All real estate is local. You’ve heard that one. And so I thought, well, I should just diversify geographically be in the best asset class income property, but diversify geographically. So if one area is up the other areas down, I’ll be okay. I can even things out. And that’s what I was trying to do for myself. And what I realized is that after I was trying to do to my, for myself, for my own account, I thought, there’s probably a lot of other people that feel the same way I do.

And they would love it if there was like a, a financial services firm for real estate investors. So like many entrepreneurs, many would be entrepreneurs. They experience a challenge or a problem themselves, and they think why isn’t there a better way. And so I basically created this business I’m in now to become my own customer. I was the first customer in my business. And I established a network of providers and a whole team and an infrastructure that could help people build nationwide real estate portfolios and invest nationally, not just locally.

Jay Conner:

So that’s kind of a start and fast forward, I’ve been doing this now, I guess, 17 years. And we’ve helped thousands of people buy properties nationwide. We’ve got zillions of testimonials from clients that have just really made fortunes following our plan. And it’s just a pretty simple plan. It’s not a do it yourself plan. It’s a kind of a done with you plan. We help people do it. And that leads us up to where we are now.

How are you qualified to do what you do? You’ve been doing it 17 years and you’ve been involved in several thousand transactions and you’re helping thousands of others do the same thing that you are nationwide, making sure that they’re in the right markets, that they should be.

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