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Jason Hartman brings on client and friend Rabbi Evan Moffic to discuss his current real estate investing. Evan owns several single family rentals and they discuss a potential new home for short-term rental in Florida. Evan talks about how his faith comes in to play and what it has taught him.
Investor 0:00Jason This is Patrick Anderson just wanted to say congrats on 1000 episodes and wanted to let you know how much I appreciate all the education you’ve given. Me personally, it’s helped a lot. I just want to reach out and say thank you for everything you’ve done and appreciate all your help and real estate investing. Have a great day.
Announcer 0:22Welcome 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 multi millionaire 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. Your financial independence day. You really can do it. And now here’s your host, Jason Hartman with the complete solution for real estate investors.
Jason Hartman 1:12Welcome to Episode 1237 1237. And thanks for joining us today. Hey, I know you always love client case studies and we have another one for you today. It’s a great one. It is a man of the cloth, a rabbi, Rabbi Evan mafic is with us. And he’s been buying properties through us for a pretty short time, and he’s up to five properties already. He’s just doing a great job. And I must tell you before we start, he is in the airport, but really wanted to thank you, Evan, for coming on the show. We may hear a little background noise, but we’ll deal with it. How you doing? I’m doing great. Jason, anytime a chance to talk to you. It’s just wonderful. Well, thank you for coming on. The reason you’re in the airport is because you just went to visit one of the properties you’re buying through our network today. In st Augustine, Florida is that correct? Yeah. In volando Beach area? Uh huh. Fantastic. So you just came out from Chicago. You live in Chicago. You came out last night, or yesterday, I guess. And then you stayed one night and you’re going back now and how do you do like your property today? Tell us about St. Augustine and Jacksonville. Oh, it’s charming. I mean, St. Augustine is such a beautiful city so much history that we went on a bus tour. I actually did the bus tour before looking at all the historical sites. And then this area volando Beach is really unique because the house I’m looking at, there’s beaches on both ends of the streets, right? You literally you go down the street and across the A when a and you’re at the ocean, you go down the other way on the street and you’re at the intercoastal which has a beach a lot of the time I guess it at high tide. There’s not much of a beach, but it was charming and the water felt like it was 85 degrees. Oh, yeah. It’s like a bathtub. It’s It’s beautiful there. You know, as I as you heard on the podcast, I was just there a few weeks ago. Absolutely. We love St. Augustine. It’s just a charming little place. And it is America’s oldest city to ever America’s first city, I guess I should say. So you bought a short term rental property there. And then you had reached out to me on voxer the other day, and then we we set up this call as we got to talking, because you’ve got half your portfolio basically, in terms of dollar amount, in the good conservative long term rentals. I know you’re buying in Memphis, or you have purchased there, I should say. And then this is the one short term rental property in your portfolio. So that’s nice and balanced, I think.
Rabbi Evan Moffic 3:32I hope so. You know, it makes me nervous a little bit. The long term rentals just seemed consistent. I could see in a recession, people still need to work people still need a place to live in their homes are cheap. And you know, there’s a certain comfort level with the sort of C plus b minus kind of properties are more like the minus they’re not fit. They’re decent properties. So this may be nervous initially, but then that’s actually why I came out and visited but I saw the house or saw being built. It’s fantastic. And it isn’t that Must be more expensive, but it’s not like I’m paying a million dollars. Right? That was one of the advantages. It seemed to me of St. Augustine and Jackson goes, you can still get properties by the coast for much less than you can get anywhere and have cash flow.
Jason Hartman 4:13Yeah, no question about it. Now, how much did you pay for that one price for 69? For 69. For that one, are you going to visit it and use it at all for yourself and your own enjoyment or strictly you’re looking at it as an investment only? I
Rabbi Evan Moffic 4:27mean, we want to definitely use it. I’d say 90% of the focus is on renting it out. But we would definitely I mean, we have vacation in Jacksonville, St. Augustine before we have family there. So I would think we would use it. I mean for this type of property that was sort of one of the criteria that this would be someplace we would feel comfortable living vacationing enjoying me my wife and I are actually going to come out here again later in the summer, because I gotta run everything at least fire one so she trusts me but not that much. So I could definitely see us again. Coming here and maybe you know one point in time, you know, retiring here. I haven’t been in so many other parts of Florida, which is more common for the man of the clock. I have people in my congregation that are retired or the spend the winter in other parts of Florida, mostly South Florida and Sarasota. Not many in Jacksonville, St. Augustine, but I could see ourselves here. It’s just beautiful. Yeah, yeah, good stuff. Good stuff. How many people in your congregation by the way? We have about 500. Actually, now it’s more than that about 600 families. Oh, yeah, that’s, that’s been good. Good for you. One of the things and you know, we’ll kind of maybe go on tangents back and forth. But one of the things you mentioned that I thought was interesting and funny, and I gotta just ask you about religion because I don’t think we have another Rabbi as a client. So it’s awesome to have you. You said to me before we started this call today, you said I can tell you one other thing about why this is one thing I’ve learned from you. rabbis are were paid nicely. It’s a great living, but there’s a wonderful retirement plan that we get into There’s some great bonuses there’s some tax issues called parsonage, but it’s all equities, all equities and bonds and you know that’s most people just retire with a large stock happy portfolio. Right? And that’s fine. Of course, I have some but as you’ve talked about, that’s not a great investment, you can do so much better. So single family rentals mine. So that was one of the reasons I wanted to invest in that way. And I think many rabbis either don’t want to think about it just easier congregation signed you up for this plan, you go into it, other than this, it takes a little bit of, you know, use that cliche thinking outside the box, to actually go and do this.
Jason Hartman 6:35Yeah, you know, compared to just giving your money to some financial advisor and, you know, literally giving it to him or her because you’re probably going to be losing it. Or at least some of it. It does take some work. I mean, the real estate game takes some effort, and that’s why I just say, you know, this whole passive income thing is it’s complete, bogus, it’s absolute, you know, it’s a lie. It’s a big lie. The funny thing I was gonna mention To our listeners that I love that you just said. You said to me, religion is like a derivative. And as you know, you always hear me talking about derivatives as the thing about the thing. So elaborate on that if you would, I thought it was, it was interesting.
Rabbi Evan Moffic 7:15Well, let’s say everything is God, okay? Just have a sort of a spiritual idea that the entire world has got, there’s a movement Judaism called Hasidic Judaism. And that was their idea. Everything is God. And so the human experience, the relationships, physicality, our bodies, our whole experience of life is a derivative of God, God is everything. We’re part of God, I really do see it that way. I think it’s a perspective. And I don’t even think you have to be religious to understand that. In some ways, all relationships are a derivative, you could say the word they’re derivative of this idea of love, more of connection, you know, likes is full of derivatives. I mean, I guess the only non derivative is your direct experience, but even once it processes Do the brain. It’s the jurors. Think of it as a derivative. So I really do think and I think some of the great, there was a great Rabbi named Abraham Joshua Heschel. And he said, all the entire Bible is a derivative of the name of God, that God pronounces auto ny I am God, and then everything else is just a derivative off of that up that one word,
Jason Hartman 8:19huh? Yeah, that’s great. That’s awesome. And, you know, speaking of rabbis on voxer, when we were messaging back and forth, two days ago, I think, or maybe yesterday, I told you that I read a couple of the books by Rabbi Harold kershner years ago, or Krishna, I guess it’s not kershner sorry. Yeah. I love his book, who needs God? It was awesome. And I, you know, what I love from that book is in the beginning. When he talks about he compares a sunset to the moon landings and he’s like, 88 years old now. I think he said, and he says that, you know, no two sunsets are like every one of them is pretty remarkable. Okay. And the moon land. And he was just saying things that are godly, if you will, versus man made, that’s what he was talking about. And you know, I read this like 25 years ago, okay, so forgive me. But he just talked about and he said, we get bored with the man made things rather quickly. And he used the moon landing as the example. He said in 1969. When we first landed on the moon, the whole planet was watching. I mean, it was the most incredible thing ever. And then by the second moon landing, you know, was like, if I have time, I’ll watch it. You know, it’s still interesting, but it’s not a big deal. And by the third one, NASA had to stage a lunar golf game, to keep the public interested and keep the money flowing to the space program, right? Yeah. So
Rabbi Evan Moffic 9:44yeah. Isn’t that true about the human experience? Yes. We adapt really quickly. Yeah. Another favorite Kushner story, which I think actually is really helpful for real estate investing. He talks about how if a child builds a sandcastle, and then a wave comes In October, the sandcastle the child laughs and then rebuilds it. No dawn, but we will dwell on past tragedies past mistakes. We get upset and we can’t let it go. We can learn from children just let it go and move on to the next thing. And I think with real estate right to you always say they’re going to be hiccups. Oh, your mistakes. You just have to keep going with it. You can’t lose faith, you can’t lose your focus just because one thing goes wrong.
Jason Hartman 10:23Yeah, no question about it. You know, I interviewed the founder of DuckDuckGo, the search engine, I’m listening to the audio version of his book, super learning, which is excellent, by the way, or maybe it’s called Super thinking. It’s really quite good. And one of the things he says in there is he says that a mistake. And I think I’m thinking of the right book and right author, a mistake repeated more than once isn’t a mistake. It’s a decision. And I thought that was interesting. Because you know, if you do it once, it’s a mistake, but if you keep repeating the mistake, it’s actually a decision. It’s called Super thinking. By the way It’s the subtitle is the big book of mental models. And so that’s interesting that Yeah, yeah, it’s really good. That’s a really interesting model, if you will, for real estate, right? The kid just enjoys the experience realizes, hey, they’re learning from it, and so forth. And we’re all going to have huge challenges in our lives. Of course, you counsel people about that, I’m sure every day Oh, yeah. And we’re going to have them with real estate investing too. But another interesting thing about that one of our clients, Sean, who’s actually been on the show, he he actually just sent me a message today. He was having a real struggle with some of his properties before and I think he’s going to come back on the show and talk about it. Sean, come back on we’d love to hear it. He talked about how it’s taken, I think about two years. And he got them back on track. It took some real effort to do it, and some real faith that it was going to work out and he said, and then I checked, and they’ve all appreciated so nicely, and it’s amazing how just a little bit of appreciation can make up for a few months of vacancy, lots of problems. And you know, it’s kind of the people that just stick with the program are the ones who just win the game, don’t they?
Rabbi Evan Moffic 12:11Oh, yeah. One thing I often think about that you’ve said is I’ve invested in some syndications to and done fine. I mean, they’re people I really trust. But I don’t see the hiccups on those. They do. They do. And my returns probably are affected by them, but I don’t see them. So whenever I have a hiccup here, like, you know, $95 for a door lock change. I’m like, Oh, come on. I think you know, okay, I’m going to talk to the property manager about this. I’m not going to let anything get away that that’s not appropriate. But I realized that’s par for the course. And then even in my syndications where I don’t see that directly. That kind of stuff is happening.
Jason Hartman 12:45The syndicator is feeling all that stuff all the time, right. You’re just not noticing it. It’s it’s there and it’s eating away at your return. You just don’t you don’t see it. Oh, it’s just normal.
Rabbi Evan Moffic 12:56I didn’t know before. I heard pools are Exactly.
Jason Hartman 13:01Yeah, there you go. There you go.
Rabbi Evan Moffic 13:03So tell us a little bit about your portfolio. I know you’ve been investing with us for just like less than a year. Right? Right. So I’ve got some properties outside the network when he you know, are fine. But one thing I have noticed, you know, I did a lot of research, I’m probably typical for your clients. I know you have a strong clientele your clients are not people that are just will do whatever they’re told. They’re people that research and, you know, having done research, you have the best property managers, you don’t go with the low end.
Jason Hartman 13:30Well, he took them out, we believe me, we’ve had property manager problems, but we just get we just fire him.
Rabbi Evan Moffic 13:35I know and I’m not gonna say any. But I had talked with another one of your competitors. I won’t say their name and had done a little bit of research, and they put me in touch with a property manager. And it turned out the person living in the property was a felon.
Jason Hartman 13:50And and that I was thinking even though they didn’t even if all you do is Google the name, and it was really not, you know, but it was very just Pointing. So you mean that that, that property manager place to sell in in one of your properties? Now, not every manager might also be a felon? Never No,
Rabbi Evan Moffic 14:11no, no, it was an existing It was a house that was for sale that had a tenant already got it. Got it. So I had gotten to the point. And so I saw and I just googled the name of the tenant and from page news.
Rabbi Evan Moffic 14:23It’s really shocking. Shocking.
Jason Hartman 14:26Yeah, the property management is free is a real doozy. I tell you,
Rabbi Evan Moffic 14:34you, you do the vetting that even if someone had time to do it, sometimes we don’t know the right questions to ask. So it’s a huge service.
Jason Hartman 14:42Yeah. Well, thank you and we will keep doing that. And a lot of the vetting if you will, comes after we’re working with some sometimes when I just realize they’ve become complacent, ungrateful, whatever. And they just get greedy and they strange thing about the human kingdom. You know, we’re we have this constant discontent, you know, you might call it constructive discontent. And that’s good. It makes for progress.
Rabbi Evan Moffic 15:08But yeah, some of it’s just bad. At some point, you got to get your hand out of the cookie jar, you know. And that’s, that’s what happens with a lot of these managers. So, I mean, I see that all the time and people that I council members in my congregation, very successful, very affluent. And there are people who, even with all that are just never content. Yeah, there is something to be said about enough. Once you’re comfortable, just try to do something that’s engaged. I mean, you love doing what you’re doing. And, you know, you got a very successful career before that. And that’s the true key to happiness. Money is great, but money comes out of the pursuit of something that’s engaging and meaningful.
Jason Hartman 15:44Yeah, I agree. You know, I look at my career as more like a mission so I can cause I believe in it, like it’s this this cause, you know, like we’re fighting a battle for the little guy, you know, who’s getting ripped off with other investments and so yeah, That’s definitely the thing. But you sent me this very nice email and you said you called it 12 random nuggets. Jason Hartman no wisdom from Jason Hartman. Yeah. I love it. You want to talk about that more?
Rabbi Evan Moffic 16:13Yeah. Do you have it in front of you? Yes, I have it right here. I think one of the things I love about your show and just the way you teach generally, it’s conceptual. It’s not just, here’s the best way to get alone, that stuff is important. I didn’t. All of that is important. What questions you need to ask your property manager, those kinds of issues, but that’s all important. But to me, it’s the conceptual stuff that really makes the difference in how you think about it, because the other kinds of questions you can look up, but thinking about how do I control taxes, that is a conceptual issue, what kind of investments do I make? So that really is you think about a mortgage as an asset rather than a debt. That really, when I first heard it, I’m like, come on, that doesn’t make any sense. And then it it makes more and more sense to embrace the fragmentation that actually the way we can make better investment in this industry is because it’s fragmented, you know that that that gives us the opportunity to to to have arbitration. So he’s kind of conceptual issues, to me, is what sets you apart and what sets this not only that, but success the successful investor art, I’ve noticed that not just real estate but in in other areas of life. It’s the people who can really think about the broader issues. Yeah, it may sound like common sense, but there’s a great thing. It’s Oliver Wendell Holmes quote, who said, I’m not searching just for simplicity, but I’m searching for the simplicity on the other side of complexity. So getting these, these big ideas that are a little bit hard to understand, but once you understand them, they’re kind of good guidelines for how to think about investing.
Jason Hartman 17:45Yeah, well, thanks. I’m glad that’s that’s meaningful to you. And I, you know, I agree, I mean, our education system is maybe a good comparison, right? You know, most of it is regurgitating from memory, things that you learn versus how to think I just think it’s more important how to think and, you know, that’s why I do the 10th episode shows because everybody listening is much more than an investor. The investor being an investor is just a vehicle, right? Some people love it and really do have a passion for real estate and some people are lucky. You know, it’s just a way to have financial freedom. So whatever it is for you is fine. But we’re all whole people,
Rabbi Evan Moffic 18:24right? So yeah, absolutely ratios. I mean, thinking about life in terms of ratios. You’ve talked about how what a 1% increase in interest rates leads to a 10% decrease in house purchases or in price prices?
Jason Hartman 18:35Well, even you know, if you have 1% rate increase, which is really, of course not 1%, because it’s the percentage of the existing rate is what it really is, of course, but that’s more complicated. But yeah, if you see it go up from four to 5%. For example, you’ve got to see the price of the house come down 10% to equalize and conversely, if you see the interest rate Drop like it has now, the value of every house. If it’s a 1% drop overall, the value of every house just increased by 10%.
Rabbi Evan Moffic 19:09Think about all that way to write in one of my books, a book about happiness. There is a ratio for successful relationships. There’s this incredible doctor, you could interview him sometime. He’s amazing. And dr. john Gottman Seattle.
Jason Hartman 19:24JOHN Gottman already Yeah, I think I have incredible Okay, I had not, not as I think you probably read that name is definitely familiar.
Rabbi Evan Moffic 19:31Yeah. Well, he talks about the ratio of interactions. In a successful relationship, you have at least five positive interactions for every negative interaction. So you’re like God, this, you know, I can’t believe you said that to this person. That’s a negative interaction. You need five positive interactions to counterbalance that any Gottman is so famous because he can essentially predict what this relationship is
Rabbi Evan Moffic 19:54gonna work like 90%. It’s incredible.
Jason Hartman 19:56Interesting. Interesting.
Rabbi Evan Moffic 19:58Yeah. Very good ratios. gracious. And you know, I thought about that with the declining interest rates. I mean, in my most recent property, it’s not going to be finished for another eight months. And there’s some advantages to that. Right, because the pricing is based on the market right now. I mean, of course, he’s, you know, got sure that he takes into account the timing, but their interest rates further go down. There’s some appreciation, even from the price that we get in in May. That’s true. And if rates go up, there won’t be appreciation from the interest rates, but there probably will be
Jason Hartman 20:29some appreciation just from time passing alone, right. Yeah. Yeah, that’s good. Know when you buy a property that has a long lead time, I mean, the perfect example of this, we have two big ones. It happened in Kansas City with a really good vendor that we had for years, a local market specialist who just went south got into he got in some financial problems. We don’t recommend them anymore. But there were huge delays and everybody’s like, when is my house going to be finished? Well, You know, Lance, if you’re listening, I’m thinking of your story. Right now, you know, people saw giant price increases during that time. So it actually benefited them that very we have the delay. The same thing happened to us in St. Louis years ago, when we were recommending St. Louis, that local market specialist, we just basically gave him too much business and he just could not keep up. And so there were big delays. And everybody was really anxious to close thinking like, hey, I want to start my tax write off and start getting the return on investment from the cash flow. I agree with you. But you actually made way more money because you locked in the price today, and the price was going up at the same time. Now, if the market went down, that would have worked the opposite way. I just have to say that it doesn’t always work right. But it happened to work out right. In these circumstances.
Rabbi Evan Moffic 21:54Right. You never know right at a risk but right generally real estate rises more than it falls.
Jason Hartman 22:00That’s for sure. you benefit from it. Absolutely. Absolutely good. What are some of the other little nuggets that you want to share?
Rabbi Evan Moffic 22:07Well, of course, money or currency not, you know, use currency instead of money just like you, you like to use income property, and that’s your preferred term, that currency is a commodity, like anything else, when it’s cheap. Get it? You know, you were saying that three, four years ago, especially 2016. But you know, what, when you can borrow for such low rates, like we’re going through right now, get as many mortgages as you can. I mean, that’s people don’t think of money that way. But I don’t even know somebody just said maybe it was on your podcast, but essentially, even when you’re paying with $1 bill, you’re paying with debt because that dollar bill is simply a get claim on the Treasury. Oh, yeah. So it’s all for money that
Jason Hartman 22:46money is created for currency is created out of debt for sure. They say that, you know, people who talk and teach about the Federal Reserve, the way the fractional reserve banking works is, money is lent into existence. Right. And that’s Yeah, it’s a very esoteric thing to really, truly comprehend that. I mean, I don’t know if I even truly get it. It’s a real complicated thing. Yeah.
Rabbi Evan Moffic 23:11Go ahead. The way I started to comprehend it was through my keylock, you know, essentially, I mean, I know that there is a physical asset backing that, but suddenly, there’s this money I can spend that I didn’t have before, you know, in the bank essentially creates it, it was locked up in the house before. But then once it’s with the government creating money, there isn’t essentially an asset except the brand or the full faith and power of the United States government that allows the Treasury or the Federal Reserve to lend money into existence.
Jason Hartman 23:39Yeah, it’s a pretty great deal they have. And basically, we’re just doing what the Federal Reserve and the government do on a much smaller scale on a personal scale. So we’re kind of doing that same arbitrage game that they’re doing in a personal way. So yeah,
Rabbi Evan Moffic 23:56right. That I kind of realized this isn’t such a lesson. But so much of this business is trust, in a way that’s part of the value that you give is essentially helping create the situations where there’s trust that you’ve already shown you trust in these vendors. I mean, you know, I come down here, I don’t know, these folks, and part of my coming down is to verify. But every time I’ve verified, it’s been wonderful, and there is a kind of trust that you have to have in order for this to work. Like I’m just thinking, today, I met with one of the property managers that works with your local market specialist. And she was phenomenal. I was like, if this person is on my team, I’m the luckiest guy in the world. And that to me makes makes all the difference. And so that’s just one another lesson. That’s not really a nugget that Jason Hartman nugget is more like a derivative of my Jason Hartman experience, right? learning how important trust is in doing these successful investments.
Jason Hartman 24:49Yeah, good stuff. You know, number 10. In your nugget list here is notice the context, not just the content. I love that one. Yeah,
Rabbi Evan Moffic 24:57well, that’s true and everything machine I mean now, right? Again, this there’s a religious notion to this. A fish doesn’t know what water It is, in some ways a god for a deeply spiritual person. God is like the air we breathe. It’s everywhere. So sometimes we don’t notice. You know, for me as a rabbi, part of the reason to pray and to study, study Bible study Talmud is to notice God because God’s everywhere. And so that’s the context, right? There’s a great Einstein quote, which sort of fits this where he says, you know, you can either wake up every day thinking the world is a hostile place, the world is a kind place, right? choice is yours. And it makes all the difference in how we see that context.
Jason Hartman 25:38No question about it. No question about that context. I guess there are maybe two contexts right. There’s the sort of that real world actual context in which we live our environment are the people we know. And then there’s the one that we literally create in our head by how we view everything like you said, you know, you can wake up Seeing the world is a really kind place or a really hostile place. And amazingly, some people truly live in really hostile environments, but they don’t view the world that way. Or some people live in really scarce environments. I’m Mother Teresa’s, and obviously, example, you know, when she was alive, you know, she lived in this environment of terrible scarcity. But she was this really amazing person who kind of rose above all that inside and another way, you know,
Rabbi Evan Moffic 26:27right? You know what, it’s interesting. Judaism. That’s not a religious show. But Judaism generally sees the world in terms of abundance. You know, in Christianity, there’s always been kind of a glorification of poverty. You know, that the the idea of monks and there’s kind of been this idea of the suffering servant, Judaism never had that. There was always a sense that the world is an abundant place. That’s why there’s nothing wrong in Judaism with gathering wealth. Now with that wealth you’re supposed to give. There’s a deep sense of philanthropy, right? But the world is an abundant place and God gave us the resources to make the most of it. I think that’s partially why, you know, Jews have been generally successful and in pursuit.
Jason Hartman 27:07Well, also the education of the Jewish community is very high, obviously, you know, they always dominating the professions and
Rabbi Evan Moffic 27:16but, you know, interestingly, the dominating the professions concept now, that is kind of been disrupted, right. You know, it used to be, if you were a doctor or a lawyer, that was a very big deal, and you sort of wrote your own ticket in life, and that’s not even true for them anymore. Is it? No, you know, and you know, what’s happened to this is sort of part choose. This is I’ve written about this from a historical point of view. Jews are now American, you know, and we grow up kind of comfortable. And it used to be that the top students at all the schools were Jewish kids, often their parents were immigrants or their grandparents were immigrants and they were driven. Now, there’s not as much of a drive. And so you see medical schools have more Asian students and Indian student This might not be the most politically correct thing to say. But it’s true. There’s a sort of, in fact,
Jason Hartman 28:04statistics.
Rabbi Evan Moffic 28:07You’re right, that those kind of professions, I mean, doctors do very well. But there’s a sense that your education really isn’t the ticket to success anymore. It’s more entrepreneurial ship creativity relationship. Yeah. And that makes more of a difference. Yeah, yeah, good stuff. Well, what else do you want the listeners to know about investing or you know, any tips that you have experiences you want to share in building your own portfolio and, you know, thank you for your business, we really appreciate it and for coming on the show sharing your story, too, but just anything you want to wrap it up with? I say, Just do your research. There are some providers out there. I mean, this is true, not just in real estate, but in general and sales that just wants you to get information from them. Do your research and you’ll come to see, I think, at least for me, that Jason, you you look out for your clients, you I mean, I put my investment advisor, there were things that I was looking at initially, and there was absolutely no pressure there was okay yeah. Keep asking questions, do that research it. And not only is it better sales because you have a competent client, but also you become more knowledgeable. So I’d say do the due diligence, constantly investigate, ask questions. And also just look at the big picture. I think about that all the time. You know, there are going to be hiccups. I’ve already experienced some hiccups, and I haven’t been investing that long. But overall, even with those hiccups, it’s still profit. Yeah.
Jason Hartman 29:23So that’s the thing. Yeah, the investment has such strong characteristics. That just the inertia of it, even with these problems, you know, it’s like a big bus, you know, rolling over a bumpy highway. Yeah, you’re gonna have bumps, but the bus is so big and powerful that it’s just gonna keep going, you know?
Rabbi Evan Moffic 29:45Yeah. And I think another thing you always say, but you have to take action. I love to learn. I love to listen to the podcast over and over again. I love to learn, I love to read, but you really do learn more when you act, then there’s a lot of Jewish teachings about that too. There’s You know, it says a person who learns but doesn’t do. It’s like a tree that has lots of branches but doesn’t have deep roots. You develop those roots through action that gives you the real experience that leads to success. Mm hmm.
Jason Hartman 30:12Good stuff. Well, Evan, thank you so much for sharing your story. And we really appreciate having you on and people just love these case studies. listeners. If you’re a client of ours, and you want to be on the show, we’d love to hear from you too. We always get great feedback on these client case study interviews. We did go off on some tangents, admittedly, but I think it was great. So thanks for joining us.
Rabbi Evan Moffic 30:34Absolutely.
Jason Hartman 30:38Thank you so much for listening. Please be sure to subscribe so that you don’t miss any episodes. Be sure to check out the show’s specific website and our general website Hartman Mediacom for appropriate disclaimers and Terms of Service. Remember that guest opinions are their own. And if you require specific legal or tax advice or advice, and any Other specialized area, please consult an appropriate professional. And we also very much appreciate you reviewing the show. Please go to iTunes or Stitcher Radio or whatever platform you’re using and write a review for the show we would very much appreciate that. And be sure to make it official and subscribe so you do not miss any episodes.
Jason Hartman 31:19We look forward to seeing you on the next episode.