Use the Hartman Comparison Index to Dominate Real Estate Investing
When you tune into a show about real estate, you’ll usually hear real estate commentators talk about housing in the most generic of terms.
They’ll say it’s expensive.
But is it really?
It’s perfectly normal to hear someone declare that a given commodity, property, stock, etc. is expensive. To be sure there are nuggets of truth to these statements. But they don’t tell the full story. In my multiple decades of real estate investing, I’ve developed a simple concept to help you make the right investment choices.
When discussing asset prices you should always ask one fundamental question: Compared to what? This is what I call the Jason Hartman Question.
It has formed the bedrock of my investing strategy. And it’s also helped hundreds of income property investors who have subscribed to my programs over the years. You cannot simply assume that something is expensive without first asking yourself: Expensive compared to what?
Most novice investors have a major blind spot because they are only comparing the value of housing or real estate to one thing: the US dollar. That is a huge mistake, especially in an era when the dollar is losing value so quickly. Also, one thing to keep in mind is that housing in America is not a monolith. Prices can vary from market to market.
There’s an old saying in real estate that “all real estate is local.”
In a country that is as vast and diverse as the United States, there’s no singular real estate market. Be careful with anyone who talks about one US housing market. Remember, there are multiple housing markets across the country that vary in price or quality. It grinds my gears when I hear on TV or read an article online talking about a “US housing market.”
Again, there is no single housing market. Plus, when you hear someone say that housing is “expensive”, you always need to ask “compared to what?” You see, the nominal price in dollars of a given property could seem expensive. However, when it’s priced in terms of an asset like gold it might actually be cheaper.
That’s why I created the Hartman Comparison Index™, which allows you to put things into perspective so you can accurately answer the Jason Hartman question. This is a question that has guided my approach to real estate for the past two decades and it will help income property investors like you make the right investment decisions.
In my Real Estate Wholesaling Group Mentorship, I will be hammering this point home among others. From May 20 to 22, in Jacksonville, Florida, real estate veteran Todd Dotson and myself are providing an orientation of the wholesale real estate market in the area.
We will be taking you on a guided tour and inspect various properties in Jacksonville. On top of that, we will help you analyze and scrutinize any real estate deals to guarantee you are receiving the best deal on the most favorable terms possible. To sweeten the deal, you’ll receive the special bonus of full year access to our Property Tracker software to track all of your current and future income properties when you join us in Jacksonville.
This mentorship program is for income property investors who are serious about their craft and want to maximize their return on life.
If you’re ready to level up, join Todd and I in Jacksonville!
CLICK HERE to Join Jason and Todd in Jacksonville!
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