Creating Wealth Real Estate Investing & Income Property: Recent Episodes
J Hartman
Over 1,200 content rich episodes, business and investing guru,with guests including Jim Cramer, Dave Ramsey, Harry Dent, & Suze Orman.
Be optimistic! It’s hard to stay positive in times of crisis, but Jason reminds us about controlling our perspective. The world will go back to normal. Think long-term, people and companies will figure out a way.
In part II, Casey Weade interviews Jason on the idea of pandemic investing, and how to know when it’s the right time to start investing in real estate. Since the remote world is becoming easier, and more friction-free, suburbia is on the rise.
Upcoming Events:
Tuesday’s Webinar: bit.ly/tue2pmet
Creating Wealth: 7 days per week
Key Takeaways:
[3:30] We are trained to focus on the negative, hence the media’s direction
[4:30] Stay calm, keep good counsel, keep your eye on the ball, take action
[7:30] Entertain some of the conspiracy theories, at least for their entertainment value
[9:30] The world will go back to normal
[13:00] People and companies will figure out a way
[14:30] Act in your long-term self-interest vs short-term self-interest
[20:00] Casey Weade talks pandemic investing
[25:05] Crisis is an opportunity riding the dangerous wind
[28:00] Suburbia is uniquely American
[32:00] The remote world is becoming easier, and more friction-free
[34:00] When is the right time to start investing in real estate?
Websites:
www.RetireWithPurpose.com
TAX SALE Webinar Link
1-800-HARTMAN
www.JasonHartman.com
Today’s Flash Back Friday comes from Episode, 56 Originally Published June 2, 2008
Jason sits in the hot seat on The Al Rantel Show on KABC LA to talk about the current state of economic affairs, and then responds to listener questions. Hartman discusses inflation and the upcoming 2008 recession the very month that the U.S. recession is declared.
Upcoming Events:
Tuesday’s Webinar: bit.ly/tue2pmet
Creating Wealth: 7 days per week
Key Takeaways:
[5:30] “You can’t keep printing money and have the value of a dollar stay the same” -Hartman
[7:30] “Liar loans,” homes that people could obviously not afford
[10:00] Are we in a recession? Learn more about how the U.S. is declared to be in a recession by the NBER from Recession of Depression
[15:00] Understanding the diversity of real estate markets across the U.S.
[16:45] Buy a set of commodities with as much debt as you can
[20:00] Putting equity into a property is never a good deal
Websites:
Tuesday’s Webinar: bit.ly/tue2pmet
TAX SALE Webinar Link
1-800-HARTMAN
www.JasonHartman.com
Jason Hartman PropertyCast (Libsyn)
Jason Hartman PropertyCast (iTunes)
In preparation for our show this weekend, Jason brings up the potentially forgivable loans from the SBA. Also, Jason discusses inflationary forces due to Trump's initiative for de-globalization.
In part II, Dr. Kaeberlein, professor of pathology, talks about the disadvantages of the elderly when it comes to vaccines. Dr. Kaeberlein elaborates on why this is connected to Coronavirus vaccines. Find out more about anti-aging and the Dog Aging Project.
Upcoming Events:
Tuesday’s Webinar: bit.ly/tue2pmet
Creating Wealth: 7 days per week
Key Takeaways:
[2:30] The SBA is giving out potentially forgivable loans
[9:20] De-globalization will lead to many inflationary forces
[13:20] Dr. Matt Kaeberlein, Coronavirus and Age, and why those two are connected in such an important way
[17:50] Can we overcome the disadvantage of the elderly when it comes to vaccines and susceptibility to viruses?
[21:20] What therapies are you (Kaeberlein) working on to combat the age-related diseases?
[23:40] “The goal is to try to identify either drugs or lifestyle interventions that have an impact on these molecular hallmarks of aging in the direction that we want them to go” - Dr. Kaeberlein
[29:20] Until we consider biological age in our approach to these diseases, we’re going to continue to fail
Websites:
www.dogagingproject.org
TAX SALE Webinar Link
1-800-HARTMAN
www.JasonHartman.com
Jason Hartman and Pat Donohoe discuss action steps and dealing with the media and coronavirus. Will we make the most of a creative destruction situation, and how can we benefit from it?
In segment two, Harry Dent shares his thoughts on where Baby Boomers and Millennials will go next, be that downsizing or repurposing the McMansions. What differences between the two generations have led to peak earning and peak spending trends, and how will they affect the housing market?
Key Takeaways:
[7:30] With the Coronavirus & media, what’s the action step here?
[9:40] We are experiencing the biggest money printing extravaganza in world history
[15:30] Creative destruction, advantages and disadvantages, and hindsight bias
[17:00] Harry Dent, "The baby boomers have sold their homes and joined the renters"
[23:00] Harry, “I like the high quality, the ten and thirty-year U.S. Treasury Bonds”
[30:00] What’s to come of the Millennials and the McMansions?
Websites:
www.TheWealthStandard.com
www.HarryDent.com
www.PandemicInvesting.com
TAX SALE Webinar Link
Jason Hartman Youtube: Harry Dent
www.JasonHartman.com
We are all searching for information on what to expect in uncertain times. Harry Dent joins Jason Hartman to discuss everything you need to know about the economy. Look at patterns Harry has analyzed to predict what’s to come. Jason discusses the roommate component as a part of understanding shadow demand for housing.
CREATING WEALTH Podcast: 7 Days This Week!
Key Takeaways:
[1:30] How many times have you washed your hands today?
[4:26] There is a huge shadow demand for housing
[7:25] “Roommate component” of shadow demand, 2002-2012 roommate status when up from 25-32%
[13:15] Thank you to Kurt, 12-year listener, and congratulations!
[15:00] Harry Dent
[16:00] The stock market is the best leading indicator of the economy
[21:00] After 1995, things start to get out of whack in relation to GDP
[25:10] Every 90 years, like a clock, we see a bigger bubble and a crash
[29:00] What are the biggest bubbles now, Apple, Google, Amazon, tech companies
[32:00] China’s workforce peaked in 2011 and has been declining ever since
[36:40] Harry explains the repo-market
Websites:
PandemicInvesting.com
TAX SALE Webinar Link
Jason Hartman Youtube: Harry Dent
1-800-HARTMAN
www.JasonHartman.com
Jason Hartman is joined in today’s show with in house economist, Thomas to discuss what constitutes a recession and what this one look like. While some may assume the worst here, Thomas presents some numbers that aren’t as bad as expected.
In Part II, our returning guest, Harry Dent, discusses the economy, company buybacks, and quantitative easing. Take a deeper look into the economic influence of each generation with their peak earning power, and peak spending trends.
Key Takeaways:
[1:00] The great little recession
[2:00] Members of the national bureau of economic research are careful what to declare a recession, and quite a bit after the fact
[7:10] The employment base for retail and tourism is around 40 million jobs, and we are only down 10 million so far
[14:20] This is a war, just a war on a virus
[16:30] Harry Dent, Demographer
[17:30] Puerto Rico, better weather, lower cost and better tax benefits
[18:53] Famous for predictions on all aspects of the economy
[21:00] What is the age of someone’s peak earning power and peak spending?
[23:50] “Quantitative easing is not putting money into the banks system and lending, it is literally buying financial assets like bonds, which puts more money into the pool that’s actually chasing financial assets, and that drives up financial assets.” - Dent
[26:55] Company stocks are going up because of shrinking the number of shares, rather than growing the economy
[32:55] Are company stock buybacks really that bad?
Websites:
TAX SALE Webinar Link
1-800-HARTMAN
www.JasonHartman.com
Does real estate investment beat the stocks, even when the tenant doesn’t pay? Jason Hartman and investment counselor, Adam discuss the perks of real estate investment compared to the stock market, even when the tenant doesn’t pay. This question strikes a chord as millions of Americans will have trouble paying their rent or mortgage on April 1.
Remember to 1) stay calm 2) keep good counsel 3) keep your eye on the ball and 4) take action.
Jason is joined with Tom, to wrap up some advice and details about the 1031 tax-deferred exchange alternative.
Key Takeaways:
[4:00] Millions of Americans will have trouble paying rent/mortgage
[7:15] Stay calm, keep good counsel, keep your eye on the ball and take action
[11:23] Will there be a decline in the use of public spaces?
[16:45] Does real estate beat the stock market?
[19:55] What is the average return on real estate investment? Adam shares his experience with the 100k home
[23:00] Johnny from Arlington
[24:25] The loan modification culture is back
[25:05] Learn More: Strategic Defaults & Loan Modifications
[31:45] The 1031 Tax-Deferred Exchange Alternative, Part II with Tom
Websites:
TAX SALE Webinar Link
1-800-HARTMAN
www.JasonHartman.com
Jason Hartman PropertyCast (Libsyn)
Jason Hartman PropertyCast (iTunes)
Today’s Flash Back Friday comes from Episode 719, originally published August 29, 2016
In the first half of today’s episode Jason debunks Peter Schiff’s theory on China’s Great Decoupling. A Business Insider article breaks down the Chinese class system and outlines each class by its income level. And today’s guest, David Merrill of Nationwide Eviction Services shares the benefits of his company’s software platform. The software allows investors who self-manage their properties to pay a small fee to file an eviction from anywhere, on-line. The company’s comprehensive website includes a calculator that can formulate a price per eviction in any state by entering a property’s zip code.
Key Takeaways:
[1:20] Tenants need to uphold their contracts, if not landlords may need an eviction service.
[4:51] Debunking Peter Schiff's The Great Decoupling Theory.
[9:34] A few points about the Business Insider article which addresses China’s middle class.
[18:00] Global trade is good but the current US complex trade agreements are not good.
[20:16] The 3 basic economic scenarios are inflation, deflation and stagnation.
[26:00] Roughly, what are the costs for an eviction plus court costs in different areas of the country?
[28:59] An eviction is a two-part process, if you plan on recovering your funds.
[31:43] Which states have landlord friendly or landlord unfriendly markets?
[39:31] Keep the lines of communication open. It pays to work with your renters before starting the eviction process
[44:25] An online calculator shows which areas are more landlord friendly or tenant friendly based on cost per zip code.
Websites:
www.JasonHartman.com
1-800-HARTMAN
Stay Calm, Keep Good Counsel, Keep Your Eye On The Ball, Take Action. Rinse, and repeat. Jason Hartman is joined in today’s episode with his co-host from the Solomon Success Show, Rabbi Evan Moffic. Evan brings up some challenging questions about a new potential tax break from the CARES Act. What does Trump bring to the table as our first RE President? Will there be a global currency or an ever-growing nationwide rental assistance program?
Key Takeaways:
[1:25] New tax break, CARES Act, using depreciation to offset capital gains?
[5:20] Trump is the first RE President
[8:30] Herd immunity thoughts in the U.S.
[10:00] Public health is linked to the economy
[12:30] Stay calm, keep good counsel, keep your eye on the ball, take action
[23:00] Review from a listener, Andrew. Thank you!
[25:15] Will we go to a nationwide rental assistance program, like section-8?
[27:00] Will there be a push to a crypto-currency?
Websites:
TAX SALE Webinar Link
www.JasonHartman.com/Properties
www.JasonHartman.com
Jason Hartman PropertyCast (Libsyn)
Jason Hartman PropertyCast (iTunes)
1-800-HARTMAN
Jason speaks with a client about their experience with a tenant not paying April 1. What are some creative resolutions to a tenant not being able to pay in hard times? In most situations, being strict with your tenant is advised, but in times as tragic as these, compassion goes a long way. What’s to come of China’s role in the world?
In part two of today's show, Adam checks in with a lender for updates on mortgage rates and what to expect going forward. Lenders are still wary about how the market will go but advances in technology are being improved to close deals remotely. This is because tools are becoming more readily available like online notary with video proof.
Key Takeaways:
[2:30] Tenants aren’t paying rent, but it’s our time as landlords to adjust our strategies
[8:00] Have a little compassion for your tenants
[12:30] Look for creative resolutions to tenants not able to pay April rent
[25:15] Unemployment claims typically hover around $600k (weekly basis), predicted by Goldman Sachs to rise to $2.25 million
[39:00] If you want to know what’s best for your rate, you want to see the fed or other entities buying up mortgage-backed securities
Websites:
TAX SALE Webinar Link
www.JasonHartman.com
Jason Hartman PropertyCast (Libsyn)
Jason Hartman PropertyCast (iTunes)
1-800-HARTMAN
How have short-term rentals changed amid coronavirus? Jason interviews Evan on his recent short-term rental purchase and how bookings have changed. Once again, this proves the shift from high-density living environments to low-density dwellings.
Stay tuned in to hear from a local market specialist with details on Jacksonville, Ocala, Palm Coast and Atlanta. What information can we learn about current mortgage rates and how they compared to rates post 9/11?
Key Takeaways:
[4:00] Closing on a potentially life-changing short term rental, with Evan
[7:30] Airbnb property manager is using dynamic pricing
[9:45] Lower density areas are perks for short-term rentals, especially if they are in driving distance from high density locations
[14:45] Real estate, if you can stay when others fold you’re really in good shape
[18:00] Part II - with local market specialist
[26:22] Current mortgage rates are better now than we’ve ever seen
[27:40] Updates on Jacksonville, Ocala, Palm Coast, Atlanta
Websites:
TAX SALE Webinar Link
www.JasonHartman.com/Properties
www.JasonHartman.com
Jason Hartman PropertyCast (Libsyn)
Jason Hartman PropertyCast (iTunes)
1-800-HARTMAN
Will renters strike on April 1? Investment counselor, Sara, joins Jason on the show today to discuss recent market changes and available properties. Interestingly, mortgage rates are on the rise while Fed Rates drop. You’ve heard of trickle-down economics, but let’s discuss trickle-up economics right now. Lastly, the expectation for a home is shifting slightly, as home offices become a much-needed accessory.
Key Takeaways:
[2:10] Fed Rates drop but mortgage rates go back up
[3:00] Non-owner-occupied investor mortgage rates are different than primary residence mortgage rates
[6:30] Commercial real estate is to be considered more-so a business, and less-so an investment
[12:15] Trickle up economics
[13:17] Property Update: Mobile, Alabama $95k with rent of $950
[15:00] Will there be an expansion in Section-8 housing?
[21:05] An investment property in the longest-running market for JasonHartman.com: Indianapolis, Projected Cash Flow $259/month
[24:00] On a budget new investors, keep waiting
Websites:
TAX SALE Webinar Link
www.JasonHartman.com/Properties
www.JasonHartman.com
Jason Hartman PropertyCast (Libsyn)
Jason Hartman PropertyCast (iTunes)
1-800-HARTMAN
Today’s Flash Back Friday comes from Episode 1197, originally published May 20, 2019
Jason Hartman and Kerry take today to look at some of the signs in our economy today that don’t point toward a rosy future. But don’t take that to mean the sky’s falling and we’re headed for a doomsday scenario, we’ve still got some runway left.
The two also discuss how self-management can show you things that you wouldn’t have known just sticking with a property manager. You don’t HAVE to self-manage, but it’s important to know how to self-manage so you don’t get taken advantage of by your current manager.
Key Takeaways:
[2:39] There are ominous signs out there for the economy, so we’ll see how much longer it can hold them off
[5:47] For the first time in a long time, Kerry is bullish on the New York real estate
[13:13] Where will the next recession come from?
[17:05] There’s an urgency that you need to do something now rather than waiting around
[21:04] Why Kerry thinks Indiana has been the longest running market for Jason’s company
[25:19] Utilize your tenants as your assets
[30:51] If you choose to self-manage, remember to track ALL of your expenses
Website:
TAX SALE Webinar Link
www.JasonHartman.com
Jason Hartman PropertyCast (Libsyn)
Jason Hartman PropertyCast (iTunes)
1-800-HARTMAN
Industries are changing, money is moving around, and we want to help you capture as much of it as possible in this time of change. Today, Jason Hartman brings you statistics about the "Work From Home" Google Searches that have recently skyrocketed. As well, what other aspects of life are changing due to the Coronavirus Pandemic?
Are there similarities between Ebola and Coronavirus? Our 10th Episode Feature from The Holistic Survival Show is an archived interview with guest Dr. Lee Hieb. Jason Hartman invites Libertarian Candidate, Dr. Lee Hieb, to give her professional opinion on Ebola. Together, they discuss some of the potential solutions to alleviating the situation, as well as considering what could have been done better at the point of an outbreak.
Key Takeaways
[2:30] Message from a listener: Jeremy
[4:30] “Work From Home” google queries have skyrocketed
[13:00] The parallels of ebola and coronavirus as a prelude to our Holistic Survival interview
[17:30] Jason Hartman asks the question everyone is thinking: Ebola – real threat or just a lot of hype?
[18:19] If we’re going to stop the spread of Ebola, we have to stop the movement of people.
[37:00] Now there are some fears about if we use the military and impose martial law as an excuse to ‘fix’ other issues.
[41:02] Hospitals in the US simply don’t have the training or the equipment to be able to deal with this disease.
Websites:
1-800-HARTMAN
www.JasonHartman.com
www.HolisticSurvival.com
Does real estate investment beat the stocks, even if the tenant doesn’t pay? Jason and Adam discuss the advantage of real estate investment compared to the stock market, even if a tenant doesn’t pay. This question strikes a chord as millions of Americans will have trouble paying their rent or mortgage on April 1.
Remember to stay calm, keep good counsel, keep your eye on the ball and take action.
Jason is joined with Tom, to wrap up advice and details about the 1031 tax-deferred exchange alternative.
Key Takeaways:
[2:45] Millions of Americans will have trouble paying rent/mortgage
[6:00] Stay calm, keep good counsel, keep your eye on the ball and take action
[11:08] Will there be a decline in the use of public spaces?
[15:30] Does real estate beat the stock market?
[18:40] What is the average return on real estate investment? Adam shares his experience with the 100k home
[23:49] Learn More: Strategic Defaults & Loan Modifications
[28:40] Reach out to one of our investment counselors to build a relationship with them and to gain some knowledge in a given market
[30:30] The 1031 Tax-Deferred Exchange Alternative, Part II with Tom
Websites:
1-800-HARTMAN
www.JasonHartman.com
Jason Hartman PropertyCast (Libsyn)
Jason Hartman PropertyCast (iTunes)
Today, Jason Hartman unlocks one of the most powerful investment tools as an alternative to the 1031 exchange. The great thing about coupling an unsecured loan with a qualified intermediary installment sale is that you start with a new property and a new depreciation schedule.
Before this investment skill is revealed, Jason shares an update on the promise of the ‘federal’ reserve plan to keep the economy in shape. Beware of the elevator, even the NYTimes is talking about the population density problem.
Key Takeaways:
[2:10] The US ‘federal’ reserve is taking the role of buzz lightyear, to infinity and beyond. They will provide unlimited asset purchases, with no limit to what they will do to prop up the economy
[5:32] Winning is a relative game: Here’s how you do it!
[9:35] “Density is really an enemy in a situation like this (coronavirus)” NYTimes Dr. Steven Goodman, an Epidemiologist at Stanford University
[14:25] Guest, Tom
[16:45] If you do an installment sale, you pay taxes on an annual basis
[19:15] Why is a QI (qualified intermediary) needed?
[25:50] The great thing about coupling an unsecured loan with a qualified intermediary installment sale is that you start with a new property and depreciation schedule
[33:10] This can be a rescue from a 1031 exchange that isn’t working out
Websites:
1.800.Hartman
www.JasonHartman.com
Jason Hartman PropertyCast (Libsyn)
Jason Hartman PropertyCast (iTunes)
Jason Hartman is privileged to have on the show a special guest and future investment counselor, Jacelyn. At 8 years old, this Proforma Pro is here to keep you up to speed on some newly available properties. Jason and Jacelyn discuss everything from ROI to Debt Coverage Ratio.
Key Takeaways:
[1:00] Silver Linings: People are taking this time to improve their skills and learn
[2:35] Jacelyn 8 years old student investment counselor,
[4:16] Property in Memphis 3 bed 1.5 baths at $73k
[5:15] At times like these, it’s good to remember the debt coverage ratio. That is how likely is it that you could ever really get into trouble with a property
[7:00] Preconstruction duplex in Citrus Springs, Florida
Websites:
1.800.Hartman
www.JasonHartman.com
Jason Hartman PropertyCast (Libsyn)
Jason Hartman PropertyCast (iTunes)
www.jasonhartman.com/properties
Hoax or not, we are facing a recession. Jason Hartman discusses the suburban differences between China and the U.S. We should all expect to see Stimulus Maximus. How much debt can we handle before things don’t work out?
Our guest today is Venture Alliance Member Mike Zlotnik who is preparing for the good, bad and ugly.
Key Takeaways:
[3:00] Hoax or not, we are facing a recession
[5:15] √
[10:00] The U.S. is unlike China, think suburbia
[11:50] Stimulus Maximus
[14:00] How much debt is too much debt? Nobody knows
[19:30] How is the market responding to the Coronavirus right now?
[20:30] I cannot predict the future, just prepare for the good, bad, and the ugly
[29:15] Buying limited partner (LP) shares at a big discount
[31:30] A migration away from the dense areas of residence
Websites:
VIDEO: Don't Expect Millions To Die From Coronavirus, Says Richard Epstein
1.800.Hartman
www.JasonHartman.com
Jason Hartman PropertyCast (Libsyn)
Jason Hartman PropertyCast (iTunes)
www.BigMikeFund.com
Todays Flash Back Friday comes from Episode 641, originally published March 2, 2016
Dedicate a portion of your wealth to your living, emotional and material capital.
If you have been watching mainstream media to keep up with current events in the financial world you may not have heard of these alarming changes. Chris Martenson joins Jason to warn us all about the looming upheaval in the global economy, additions to legislation in the US, and how the stock market no longer makes sense. 2016 could be the year the world falls into a deflationary spiral causing many countries to default on their dollar based financial obligations. He says the warning signs are there and if you are concerned with keeping your life balanced you should be investing in alternatives to oil, fertile land and your emotional well-being.
Key Takeaways:
[1:42] Why is it an amazing time to be alive?
[5:14] Join the Venture Alliance Mastermind – Commandment #3 Thou shalt maintain control
[9:09] Will Brazil be the first Black Swan default country?
[15:35] Japan – Demographics and the lack of natural resources will be their downfall
[21:37] 2016 – The global economy could go into a deflationary pattern
[27:46] The Omnibus spending bill made derivatives senior obligations of the banks
[45:44] The future will see 3 billion people in the middle class who are consumptive
Websites:
1.800.Hartman
www.JasonHartman.com
Jason Hartman PropertyCast (Libsyn)
Jason Hartman PropertyCast (iTunes)
Home is the center of the universe, beware of the elevator, the mosquito, and the handshake. Coronavirus is reshaping parts of the world and Jason has some insight to share along these lines. While bailouts are to come, and stocks are a rollercoaster, Real Estate Investment carries on, looking good.
Commandment #22 will look better and better as people choose to live with a bit more distance, be that social or residential.
Jason shares a personal experience with an inflation timeline based on a BMW purchase. This leads to the reiteration of understanding hedonic pricing. Evan talks about the counterintuitive advantage of a high loan balance.
Key Takeaways:
[1:40] Restocking fees along with returning
[4:15] Thou shalt invest in low-density environments - Commandment #22
[9:00] When this flattens out (Coronavirus)
[13:15] The return of the ‘Return Policy’ for Real Estate
[17:45] The best insurance is a high loan balance
[22:12] 74% inflation since 1994 based on the price of a BMW
[36:50] hedonic indexing describes how product price could be explained by the product's characteristics, E.G. the pleasure you receive from a product
Websites:
1.800.Hartman
www.JasonHartman.com
www.SolomonSuccess.com
Jason Hartman PropertyCast (Libsyn)
Jason Hartman PropertyCast (iTunes)
Coronavirus is impacting everyday life, but income property still proves to be the number one asset class in the world. Jason shares his new commandment of the Ten Commandments of Real Estate Investing with commandment #22.
In the second half of today's podcast, the important question, Can you return a property? If so, how do you return it? Jason Hartman speaks with guest Evan Moffic on how to return property and what benefits one might have in doing so. It’s important to remember that the best insurance is a high loan balance.
Key Takeaways:
[1:52] Coronavirus Updates around the world
[5:02] Income property compared to precious metals, and the stock market is still the best performing asset class in the world
[8:15] Commandment #22: thou shalt investin…?
[11:30] A primary metric for understanding Commandment #22, hint: it has its ups and downs
[16:55] What if you as a consumer buy a property and you’re unhappy with it?
[23:45] 80-90% of your portfolio should be in the conservative linear markets
[24:30] How do you return a property?
[29:25] Real estate, like many other products, has a return policy
[31:05] The banks will work with you if you owe them a lot of money
Websites:
www.JasonHartman.com
www.SolomonSuccess.com
Jason Hartman PropertyCast (Libsyn)
Jason Hartman PropertyCast (iTunes)
Can we talk about something else? Jason Hartman invites Michael Ainslie to the show to discuss his book, A Nose For Trouble. As well, Michael shares his business tactics helping to grow Sotheby’s in his time with the company. In his stories as Director of Lehman Brothers, Michael talks about SATURDAY MORNING, the weekend that changed Wall Street forever, and some hypotheticals had things gone differently in 2008. And finally, Michael shares a brief story about the beginning of The Posse Foundation.
Key Takeaways:
[3:00] Ten (actually 21) Commandments of Successful Investing, Amendment: Commandment number 22?
[7:00] Michael Ainslie
[9:15] Sotheby’s growth using “good, basic business tactics”
[13:18] The art market and purchasing of major works has become a way for new wealth to distinguish themselves
[13:40] The Sotheby’s scandal with Christie’s Auction Company
[16:00] Sotheby’s real estate, “white elephants”
[20:00] SATURDAY MORNING, Geithner said, “you have two hours to save Lehman,” the weekend that changed Wall Street forever
[24:08] If there were no bailouts, what would that have looked like?
[33:10] The Posse Foundation story
Websites:
www.JasonHartman.com
www.ANoseForTrouble.com
Jason Hartman PropertyCast (Libsyn)
Jason Hartman PropertyCast (iTunes)
Almost speechless, Jason Hartman discusses financial strategy along with best/worst-case scenarios in dealing with the Coronavirus. The economy of planet Earth is possibly facing a global hibernation. How long will it last, and how will we recover?
In today’s second segment, Jason speaks with guest Drew Baker, about self-management tips and applications to ease some of the hassles. Drew speaks about his experiences with the value of quality tenants.
Key Takeaways:
[2:51] The economy of planet Earth is going into hibernation mode
[4:08] “Buy on fear, sell on greed.” -Warren Buffet
[6:28] How do you recover from a couple of months sliced out of an annual GDP?
[8:15] Exploring best/worst-case hypotheticals
[12:05] Supply/demand shock
[14:00] Inflation Induced Debt Destruction profits to come
[17:30] Drew Baker
[18:43] Buildium vs Property Tracker
[23:00] A better quality tenant can make for an easier self-management experience, a lower quality tenant makes the property manager a little more needed
[27:00] A great tenant goes a long way
[32:00] Coronavirus, a baby-boomer bomb
Websites:
www.JasonHartman.com
Jason Hartman PropertyCast (Libsyn)
Jason Hartman PropertyCast (iTunes)
www.holisticsurvival.com/
Todays Flash Back Friday comes from Episode 1064, originally published October 1, 2018
Jason Hartman takes today’s episode to discuss how investors can cash flow in a world that features increasing interest rates. With the Fed continually raising rates on their way to their goal, investors are seeing their rates slowly rise. Jason takes some time to discuss 3 strategies investors can use to help profit during these times and bring a new report from the self management journey of client Andrew Baker.
Finally, producer Adam talks with a lender from the network about where rates are today, where they’re expected to go in the next few months, and where they’re likely to end up once the Fed stops raising.
Key Takeaways:
[4:20] What things to expect coming back to the market as interest rates rise
[7:59] Pricing a mortgage from the perspective of the mortgage company
[9:12] Calculate when your break even point for paying a buy down is to determine whether or not you should do it
[11:49] Some more from Andrew Baker’s self management adventure
Mortgage Minutes for October 2018
[24:39] Do points make sense right now?
[27:22] Where can we expect interest rates to be by the time the Fed is doing raising rates?
Website:
www.JasonHartman.com/Properties
Profits in Paradise
The PropertyCast
Are we on our way to an inevitable recession, will a government stimulus keep us breathing, should we just, “Print Money,” as Jim Cramer put it? On this tenth episode special, Jason Hartman discusses health concerns, global economics, and how to prepare your health and your bank account from the Coronavirus Pandemic.
In our second segment, Jason interviews Shenzhen, China local with an update on the lifestyle changes sparked by the Coronavirus.
Key Takeaways:
[2:00] Are we on our way to an inevitable recession, or will government stimulus keep us clear?
[4:10] Jim Cramer says, “Print money”
[10:00] A quick word from one of our listeners
[13:00] As the demand curve ramps up, that’s when things go crazy
[15:30] Coronavirus (COVID-19), asymptomatic, contagious for up to 14 days without knowing you are sick
[17:20] Handshakes, like mosquitoes are virus carriers
[18:30] How to protect yourself from Coronavirus
[28:10] The virus lives on outside surfaces
[30:10] The Chinese Economy, “the workshop of the world” isn’t running near full capacity
[32:00] In China, cities bulldozed dirt over roads to quarantine the towns
Websites:
www.JasonHartman.com
Jason Hartman Quick Start
Jason Hartman PropertyCast (Libsyn)
Jason Hartman PropertyCast (iTunes)
Is the Coronavirus a big enough issue to push back the April 15, Tax Deadline?
Wash your hands and pay attention to the economy, oil, the repo-market, the Coronavirus, and Be Prepared! Today, Jason and George pick up with Part 2, topics such as; The Doom Vortex/feedback loop, oil prices, bonds, and what the world needs to prepare for. The Coronavirus is playing a big role in economic changes and Jason and George break down some of the less obvious concepts of how this plays out.
Key Takeaways:
[1:45] Pushing back the April 15, Tax Deadline?
[5:00] The people with the healthiest immune systems are most likely to be asymptomatic and be the carrier
[10:45] Love him or hate him, President Trump has started the trend of bringing more (manufacturing) jobs to the U.S.
[12:15] Part 2 Continuation: George Gammon
[13:15] When Triple B bonds get downgraded to junk bonds
[19:25] Sooner or later, companies like Tesla or Uber will need to sell equity to generate the cash they need to sustain themselves, especially in a recession
[25:10] During a recession, tax receipts plummet
Websites:
1-800-Hartman
www.JasonHartman.com
www.GeorgeGammon.com
Jason Hartman PropertyCast (Libsyn)
Jason Hartman PropertyCast (iTunes)
Jason Hartman’s Blogcast
COVID-19 or Coronavirus is spreading and so are the stories about it. Jason Hartman and guest, George Gammon, discuss the health and economic differences between the Coronavirus and the normal flu. If the health problems weren’t enough, it’s good to understand the economic implications surrounding this world spread virus. Today’s episode dives deep into understanding the relationships existing in the global market.
Key Takeaways:
[4:00] Most people consider the great recession to have started the day that Lehman Brothers failed
[6:30] Understanding nominal value and fiat money
[13:05] The big differences between the Coronavirus and the normal Flu are the R Naught Value, and Serious (non-fatal) Complication Rate
[19:25] COVID-19: a tougher, more hardy virus, living outside of the body
[22:00] A supply shock and a demand shock in the U.S.?
[26:05] How the corporate bond markets and the credit markets are affected by the crash in oil, Coronavirus and everything bubble turning into an everything crash
[24:15] The stock market is like buying in cyclical real estate markets
Websites:
1-800-Hartman
www.JasonHartman.com
www.GeorgeGammon.com
Jason Hartman Quick Start
In today’s episode, Jason is joined from across the world with Shenzhen, China local, Gary Halmbacher to discuss Black Swan Event Coronavirus. Gary shares his experiences with self-quarantining, and local changes just north of Hong Kong.
In the second segment, Jason is joined by Sarasota, Florida realtor, Jeff Twigg. Jason and Jeff discuss aspects of Dan Amerman’s workshop, including ALM. The two also discuss the unanticipated predictions made by Dan Amerman.
Key Takeaways:
[3:05] Guest Gary, from Shenzhen, China explains being self-quarantined
[9:40] Guest Jeff Twigg
[13:11] Discussion on Dan Amerman workshop, and some of his surprising predictions
[16:45] The Roth IRA might go away?
[22:35] Means-testing for Social Security
[24:00] ALM Asset Liability Management Strategy
Websites:
www.JasonHartman.com
www.JeffTwiggHomes.Com
Jason Hartman Quick Start
Jason Hartman PropertyCast (Libsyn)
Jason Hartman PropertyCast (iTunes)
Jason Hartman’s Blogcast
Today’s Flash Back Friday comes from Episode 1057
Jason Hartman starts off this backward show with guest Scott, who’s an attorney who will be speaking at the upcoming Profits in Paradise about asset protection. The two explore the benefits of a Series LLC and some best practices for asset protection.
Then Jason goes solo and discusses where wage growth is happening in the US (and where it’s not), and how trade wars and interest rates are connected right now.
Key Takeaways:
[3:25] What is a Series LLC and how can it benefit a real estate investor?
[6:43] The best asset protection you can get defeats lawsuits before they even start
[11:45] What kind of things will Scott be presenting in Hawaii?
[17:57] The first part of asset protection is financial privacy
[20:24] Real wage growth in Hispanic homes was more than 2x other households
[25:22] Looking at rent paid like your tenant was your employee
[28:18] The only linear market in the top wage increase list is Columbus, OH.
[29:40] Trade wars are keeping interest rates lower
Website:
www.JasonHartman.com
Jason Hartman’s Alexa Flash Briefing
Jason Hartman PropertyCast (Libsyn)
Jason Hartman PropertyCast (iTunes)
Jason Hartman speaks with today’s returning guest, Adam, about current news including; another federal rate cut and COVID-19. While it’s hard to escape the COVID-19 discussion right now, it’s easy to plan for your financial future. Jason and Adam discuss the property investment benefits of an ever-increasing work-from-home environment.
Check out two new construction property profiles with a great debt coverage ratio. Also, be the first to see new properties in the Proforma by subscribing to the PropertyCast in the link below.
Key Takeaways:
[1:30] Another rate cut by the not-so federal reserve
[4:40] COVID-19 may fade out by springtime
[7:00] The 100k bread-and-butter home holds a profit until your rent drops more than 20%
[9:00] New construction in Jacksonville
[10:37] Debt coverage ratio = how likely am I to ever get into trouble with this property
[13:00] Property Cast - uploaded Proformas in pdf form, distributed like a podcast
[17:30] A new construction in Palm Coast
[21:00] General health: stop high-fiving. Instead, maybe bow?
[24:45] The British government is telling people to avoid human contact for twelve weeks
Websites:
www.JasonHartman.com
Jason Hartman PropertyCast (Libsyn)
Jason Hartman PropertyCast (iTunes)
Jason Hartman’s Blogcast
Jason Hartman asks Rabbi Evan Moffic back to the show to discuss Biden’s plan to revive anti-discrimination policies at the federal level. If his plan goes through, we can be sure that investors at the very least, will benefit. Don’t forget the important, fourth kind of appraisal.
If you’d like to live a little longer, drink water, eat healthily, and create wealth. The continuation of today's podcast discusses the recently released statistics making claims that life expectancy is related to wealth.
Key Takeaways:
[2:00] What’s Joe Biden doing? A hidden benefit for real-estate investors
[7:16] ...as a result, owner-occupied homes in majority African-American neighborhoods are undervalued by $48,000/home on average
[10:40] The additional fourth (of three) kinds of appraisals; comparison, income, cost, and selling the property to a buyer.
[15:00] Wealth can contribute to an additional 15 years on your life
Websites:
www.JasonHartman.com
RabbiMoffic.com/
Jason Hartman Quick Start
Jason Hartman PropertyCast (Libsyn)
Jason Hartman PropertyCast (iTunes)
Jason Hartman’s Blogcast
What will happen and what does it mean; the lowest interest rates in history? Jason is joined today by investment counselor, Sara, to discuss some new properties and their benefits. The two discuss the real estate market that has been trending upwards, causing few to want to wait. Don’t try and time the market. Instead, focus on understanding the income property strategy.
Save the date, Meet the Masters 2020 is set for beautiful San Diego, May 2nd and 3rd.
Do you have what it takes to be a successful investor? Don’t forget to check into the Jason Hartman Blogcast.
Key Takeaways:
[2:35] The lowest interest rates in history?
[8:00] The real estate market has been trending upwards, why wait?
[13:00] In the Dayton market, $119k
[19:10] Meet The Masters 2020 in beautiful, San Diego
[21:10] Do you have what it takes to be a successful investor?
[22:20] What’s your willingness to learn?
Websites:
www.JasonHartman.com
Jason Hartman Quick Start
Jason Hartman PropertyCast (Libsyn)
Jason Hartman PropertyCast (iTunes)
Jason Hartman’s Blogcast
People aren’t the problem, they solve problems. Jason shares news of the Israeli scientists’ claim to a Coronavirus vaccine. The typical income has changed dramatically in 40 years, and so has the way a family’s spending has been shaped. College or internships, the benefits of the latter. Jason answers a question from Florida Rent Control.
In today’s second segment, All ROI is not created equal. Learn one of the most valuable lessons of income property investments, IDEAL.
Key Takeaways:
[1:30] The Israeli scientists say they have a Coronavirus vaccine coming out in just a few weeks
[2:30] People solve the problems
[10:00] College or internships?
[12:45] Sebastien from JasonHartman.com/ask - was reading a report from Marcus & Millichap report about Florida Rent Control
[19:00] Acting as a landlord in California can be a risky business
[22:00] All ROI is not created equal
[22:30] Income, Depreciation, Equity, Appreciation, Leverage
Websites:
www.JasonHartman.com
Jason Hartman Quick Start
Jason Hartman PropertyCast (Libsyn)
Jason Hartman PropertyCast (iTunes)
www.JasonHartman.com/ask
Today's Flash Back Friday comes from Episode 1037, originally published in August 2018.
Today's episode is about one short, simple, beautiful word: DEBT. Fresh off reading/listening to George Graeber's Debt: The First 5,000 Years, Jason delves into the subject matter head first, playing some clips from the book and discussing them in regards to today's world.
Key Takeaways:
[4:34] The recent history of the rotation of the worst big bank in America, Wells Fargo is currently in the lead and had a computer glitch make hundreds lose their homes
[10:06] Why the housing market is actually different this time around
[15:10] Some samples from Debt: The First 5,000 Years
[25:45] It's incredible how throughout history, conquering nations make money by going in, making "improvements" and forcing the newly conquered people to pay for them, or by making them pay back the money the conquering nation spent defeating them
[30:05] The 60s and 70s featured a time where America was prosperous and people were getting cost of living raises and , followed by decades of stagnant wages until Donald Trump
Website:
Debt: The First 5,000 Years
www.JasonHartman.com/Properties
Jason Hartman PropertyCast (Libsyn)
Jason Hartman PropertyCast (iTunes)
Get Ready! Meet The Masters 2020. Jason Hartman presses on through the Coronavirus, always look on the bright side of life. Working from home is increasing the housing market. Our setup for today’s guest speaker is mindset. A great mindset is to keep learning from history, with movies, books, and the works.
Powerful, motivating words from James Malinchak, “Mindset, Skillset, Get off your Asset.” James reminds us of what we have that is great, and how to keep using it. Follow the clues of success.
Key Takeaways:
[2:00] Meet The Masters 2020, coming up!
[5:40] The world is awash in goods
[13:10] The Coronavirus workaround: to work from home! Is this increasing the demand for housing?
[17:52] James Malinchak
[22:10] The minute you choose to stop learning, you stop earning
[24:05] Success leaves clues
[28:40] Mindset, skillset, get off your asset!
Websites:
www.JasonHartman.com
Jason Hartman Quick Start
Jason Hartman PropertyCast (Libsyn)
Jason Hartman PropertyCast (iTunes)
Jason Hartman is joined today by mortgage consultant and trainer, Jen Du Plessis. As a real estate investor, it’s great to gain insight on both sides of the mortgage business. Jason and Jen discuss GSE, QM and non-QM loans, as well as the great recession and where the pendulum has moved to now. This leads to a prediction of interest rates dropping even more.
But before that, Jason offers congratulations because rent is on the rise. Listen to some average rent rates across the country and plan accordingly.
Key Takeaways:
[1:50] Investor Congratulations! Rents on the rise
[3:40] Book, “Debt, The First 5,000 Years” by David Graeber
[6:50] Not one person in a thousand can understand our monetary system
[9:00] Landlord vs tenant in NYC
[12:28] According to Yardi Matrix; About 1.5 million housing units were delivered over the last five years, and 3,000 more expected for delivery this year. A housing shortage? Yes!
[17:00] GSE: Government Sponsored Enterprise
[19:00] What’s QM? And what’s non-QM?
[29:16] From 2004, through the great recession, where is the pendulum now?
[30:20] Right now, the average mortgage company makes $457/loan they originate.
[32:30] Are we going to see interest rates go down even more?
Websites:
www.JasonHartman.com
Jason Hartman Quick Start Podcast
The PropertyCast
www.JenDuPlessis.com
In this episode, Jason Hartman discusses Coronavirus’s impact on the U.S. market. He also speaks on how humans are wired for negative thinking and can be so easily affected by things out of our control. India may or may not have found the motherload of gold, but the land is a limited supply, and it has already been discovered.
In the second segment, Jason is joined by Joffre LeFevre for an in-depth discussion about the U.S. market, what affects it, and how the global market influences the U.S. economy.
Key Takeaways:
[1:20] Coronavirus and the market
[6:00] Humans are wired for negativity
[9:08] “Nation makes stunning gold find,” is the gold motherload in India?
[15:05] Coronavirus headlines might just be an excuse for people to sell
[19:00] In regards to the stock market, when do we know when we get to the bottom?
[19:33] 90% Downside days
[27:10] Sources of energy have changed
[31:00] What about negative interest rates?
Websites:
www.JasonHartman.com
Jason Hartman PropertyCast
www.LowryResearch.com
Jason Hartman is joined today in Medellin, Columbia with Macro-Addict, Entrepreneur, Investor, and Real-Estate expert, George Gammon. Jason and George discuss U.S. inflation when compared to Columbian inflation and the two different economies to consider. What does this mean for interest rates when considering inflation and taxes? What is the difference between bottoms-up and top-down analysis? And finally, grow smart, not big - the importance of building economic freedom.
Key Takeaways:
[2:32] Inflation in Columbia is 30-40% at times
[4:18] Is inflation always a monetary phenomenon?
[5:45] Two different economies, the financial economy, and the real economy
[7:45] Money is lent into existence
[9:45] Current interest rates in the U.S. are negative after inflation and taxes
[15:45] Bottoms up vs tops down analysis
[22:40] Grow smart, not big
[24:10] More economic freedom, not more revenue
Websites:
www.JasonHartman.com
www.GeorgeGammon.com
Today's Flash Back Friday comes from Episode 1007, originally published in June 2018.
From the studios of the Financial Survival Network, Jason Hartman and Kerry Lutz get together for this episode to discuss the softening of Dodd-Frank, changes in protections for renters in some markets of the US that are making it harder for landlords, potential uses for Blockchain that could significantly impact the way people invest, and some key economic lessons you have to teach your children.
Key Takeaways:
[5:49] Jason went and got stretched today, and it was quite the experience
[7:07] The FBI says you need to reboot your router ASAP
[8:45] The counter intuitive concept that is slowing home sales in the US
[11:58] If you can trade tokens instead of stocks the transaction fees can be sliced immensely
[15:23] The biggest commitment in precious metals to blockchain
[21:31] Jason & Kerry's thoughts on the changes to Dodd-Frank
[25:58] The #1 thing you need to teach your kids about economics: money always goes where it's treated best
[29:24] The Meet the Masters audio product is now available at HartmanEducation.com
Website:
www.HartmanEducation.com
www.JasonHartman.com/Properties
www.JasonHartman.com/Food
Jason Hartman makes his way to Medellin, Colombia to chat with George Gammon about creative real estate investing linked to the Colombian Peso and oil. The two discuss the CAPE ratio and what is cheap in the United States.
In our second segment today, Jason is joined by in house economist Thomas Young, to discuss our Presidential Candidates Capital Gains Tax Plans. Do these new Capital Tax Gains Tax Proposals make sense?
Key Takeaways:
[3:15] George Gammon, what took you to Medellin, Colombia? Pesos and Oil?
[7:05] Real Estate Investor turned reality tv star
[9:25] Colombian house flipping
[13:30] What is the CAPE ratio or Shiller P/E ratio?
[17:15] What is cheap in the United States?
[20:35] In house economist, Thomas Young, and capital gains taxation
[23:36] Zero Sum Gain
[28:30] The government’s tax code currently encourages investors to take the risk, and that risk is sometimes successful and grows the economy
Websites:
www.JasonHartman.com
www.GeorgeGammon.com
Jason Hartman celebrates and encourages the increasing preference of U.S. citizens renting vs owning. Information from CoreLogic invites the question, are tenants getting the better deal renting?
In today’s second segment, we take a look at a smartphone app to boost your real estate investment game. Jason interviews Yaza, CEO and Co-Founder, Peter Sisson, about the key features of this new smartphone app. Learn how to optimize your time and energy with this handy smartphone tool.
Key Takeaways:
[3:20] CoreLogic says home prices increase will move from 4% to 5.2% this year
[6:05] Are U.S. citizens/tenants getting a better deal renting vs owning?
[11:45] California, now what did you do?
[15:43] What is YAZA?
[17:40] Location-based unedited video for sharing.
[19:50] Searchable by content, in HD, and it’s not stored on your phone
[23:33] What is a deep-fake?
Websites:
www.JasonHartman.com
Jason Hartman Quick Start Podcast
https://www.Yaza.io
Jason is joined with investment counselor Carrie to discuss some more current properties. Take a mini-tour with Carrie in York, Pennsylvania, or listen up for this auditory property tour through Alabama, Georgia, and Indiana.
In the second segment today, Jason discusses the hybrid approach to property management, prompted by a Voxer message from client Bruce. As well, Jason speaks on three basic economic maladies; inflation, deflation, and stagnation. This drives the show to our final topic of Jimmy Carter and Malthusian thinking.
Key Takeaways:
[1:20] Atlanta, Georgia area property only 9 miles from the Hartsfield-Jackson Airport
[4:30] Port city, Mobile, Alabama property offers low property taxes
[7:00] Property Tour with Carrie in York, Pennsylvania
[9:00] The latest empowered investor, Bruce, taking the hybrid approach
[11:40] Firing your property manager, self-managing or the hybrid approach. Not all bad or mysterious
[13:30] The three basic economic maladies; inflation, deflation, and stagnation
[18:40] The carter administration was typified by Malthusian thinking
[19:45] Jimmy Carter’s infamous Malaise Speech
Websites:
www.JasonHartman.com/ask
www.JasonHartman.com
Today, Jason Hartman is joined with investment counselor, Sara, and they discuss some current properties that you view on the JasonHartman.com website. As well, the two discuss some common investor questions including the 6% appreciation estimate and strategy for navigating the Fannie Mae, Freddie Mac loan limit.
In the second segment of today’s show, A Fire-Side Chat, Jason is joined at a live event with three guests. The three guests share a quick background to their real estate journey: the how, the why, and the success of their real estate ventures.
Key Takeaways:
[2:40] If you’d like a private tour with a local market specialist, contact one of our investment counselors
[6:15] Common client questions: Where does the 6% appreciation estimate come from?
[9:10] Fannie Mae, Freddie Mac loan limit is 10 financed properties per person: make a good use of your financing with a fourplex under one conventional loan
[10:00] The debt coverage ratio provides a little comfort for the conservative investors
[12:20] Mortgage Sequencing for loan leverage
[17:15] A fire-side chat with Doug, Evan, and Sara. The barrier to entry and success stories.
[23:04] Are tech startups changing the world?
Websites:
www.JasonHartman.com
Jason Hartman PropertyCast
Today's Flash Back Friday comes from Episode 393, originally published in July 2014.
Jason Hartman and Doug explore the multiple ways in which you can invest in real estate, and the pluses and minuses to each.
Website:
www.JasonHartman.com/Properties
Our mind is the most powerful force known to mankind. Today, Jason Hartman shares some secrets to brain hacking and understanding the flaw of our subconscious mind. After understanding this flaw, we can use it as an advantage for progress.
In the second segment of today’s episode, we flashback to a narrative about the human brain, and it’s role as a generator. Your brain is not just a processor.
Today’s final segment is taken from Commandment #3, Stay In Control.
Key Takeaways:
[1:40] Our mind, the most powerful force known to mankind
[4:20] Brain Hacking, the flaw of the subconscious mind
[13:45] Creative Visualization: Our mind is so powerful that we can create our future by visualizing it
[18:00] Holographic Brain Theory
[28:06] Commandment #3: Stay In Control (Maintain Direct Control Of Your Investment
Websites:
www.JasonHartman.com
Guided Visualization Podcast
Jason Hartman is joined today with guest, Evan Moffic, in a client case study and phenomenal deal on a short term rental property. With understanding how inflation plus tax deduction works, when compared to your interest rate, you will be getting paid to borrow money.
Evan shares his thoughts on the natural dilemma that humans aren’t designed to think long term but we should, and with a well built real estate investment portfolio in play. Lastly, Bernie Sanders; What are you doing, What are you suggesting?
Key Takeaways:
[1:38] A phenomenal deal on a short term rental property bought through the Jason Hartman network
[7:10] The Feds target inflation rate is 2%
[13:50] Getting paid to borrow: interest rate compared to inflation + tax deduction
[17:00] We aren’t designed to think long term
[18:50] Bernie Sanders, keep calling out the banks, but Capitalism isn’t all bad
Websites:
www.JasonHartman.com
The Mammoth Cost of Bernie Sanders’ Big Plans
The Coronavirus might affect the US housing market in a way that you did not expect. Joining Jason Hartman today is investment counselor, Adam Schroeder. The two discuss the great returns on properties that come across as boring, but make sense the day you buy them.
Refi til ya die! - More details on how and why this is the way to go. And the story behind PropertyCast, the Hartman Method and Schroeder Application to getting the real estate ProForma in simplest fashion.
Key Takeaways:
[1:15] The housing market vs the coronavirus, and its effect on foreign investors
[7:50] Boring properties but great returns
[9:00] Do not go by the greater fool theory applied to real estate, it is a very dangerous strategy
[11:30] Properties that make sense the day you buy them
[14:25] Refi til ya die
[21:00] Don’t wait to buy real estate, Buy real estate and then wait!
[22:00] The birth of PropertyCast
Websites:
1.800.HARTMAN
Jason Hartman PropertyCast
www.JasonHartman.com
Are there any correlations with Real Estate and Great Dating Cities? Investors are more eligible mates. Today, we share a live conference clip with a discussion about timing the market and answering the valuable question, “Where not When!”
In the final segment of today’s episode, Jason answers a listener’s question about timing the market.
Key Takeaways:
[1:30] Crazy life: Bullseye with an ax, a business cruise, Aspen to Tampa
[4:00] Valentines Day and Real Estate: Investors and homeowners are more eligible mates!
[6:45] Top ten Best & Worst cities for dating in the USA
[13:10] It’s better to know which market to be in than to wait
[14:15] People rarely calculate the returns the period they are waiting
[15:00] Timing the market = regrets waiting
[23:05] A listener’s question about Timing the Market
[28:30] Don’t be so partisan all the time, give people credit where it’s due. Look at our economy now
Website:
www.JasonHartman.com/Properties
The Best & Worst Metros for Dating 2020
Today's Flash Back Friday comes from Episode 1007, originally published in June 2018.
From the studios of the Financial Survival Network, Jason Hartman and Kerry Lutz get together for this episode to discuss the softening of Dodd-Frank, changes in protections for renters in some markets of the US that are making it harder for landlords, potential uses for Blockchain that could significantly impact the way people invest, and some key economic lessons you have to teach your children.
Key Takeaways:
[5:49] Jason went and got stretched today, and it was quite the experience
[7:07] The FBI says you need to reboot your router ASAP
[8:45] The counter intuitive concept that is slowing home sales in the US
[11:58] If you can trade tokens instead of stocks the transaction fees can be sliced immensely
[15:23] The biggest commitment in precious metals to blockchain
[21:31] Jason & Kerry's thoughts on the changes to Dodd-Frank
[25:58] The #1 thing you need to teach your kids about economics: money always goes where it's treated best
[29:24] The Meet the Masters audio product is now available at HartmanEducation.com
Website:
www.HartmanEducation.com
www.JasonHartman.com/Properties
www.JasonHartman.com/Food
Greetings from Sarasota, Florida! Jason Hartman shares the good news, “America is Increasingly, A Nation of Renters!” What socioeconomic changes have prompted this shift in the last decade, and how does it benefit the real estate investor?
In the second part of today’s show, we share a clip from a live conference. Jason asks, “What got you into real estate?” Doug and Evan both share a bit about Equities vs. Real Estate Investing and Self-management.
Key Takeaways:
[1:35] Good news from CBS News, “America Is Increasingly, A Nation of Renters”
[3:16] The renter class has changed, is it now acceptable to rent?
[14:55] Inflation induced debt destruction, IIDD, looks at the way you get paid to borrow money over time
[17:35] A Live conference chat with Evan and Doug: Self-management, & Equities (stocks) vs Real Estate Investing
[18:00] “You can never make enough money with your own two hands”
[19:45] The tech revolution has made real estate more valuable
Website:
www.JasonHartman.com
In today’s episode, Jason Hartman questions California’s proposal to use its eminent domain power to take over properties for rent control. What does this do to/for the landlord? The effects of the coronavirus on the human race and the economy aren’t something to ignore.
Investment Counselor, Adam, returns to the show with our February 2020 Mortgage Rate Update.
Key Takeaways:
[1:05] The “Socialist Republic of California” took some huge steps toward economic suicide. Is California Rent Control a mistake?
[7:33] Money goes where it’s treated best
[11:20] Three forms of power: violence, capital, and information
[13:45] What is to come of the potential pandemic of the coronavirus?
[16:20] Investment Counselor, Adam, with our February 2020 Mortgage Rate Update
[25:00] Reach the Jason Hartman Investment Counseling Team, 1.800.Hartman
Website:
www.JasonHartman.com/Properties
Congratulations to our Super Bowl 54 Champions, The Kansas City Chiefs, and the supporters of Brexit! Are you a HENRY? Big problems and big success run in the same circle.
Today, Jason Hartman speaks on Commandment No. 3 of the 21 Commandments of Successful Investing, “Thou shalt maintain control.” As well, he shares some interesting business concepts developing with Cloud Kitchens. And, Is there any legitimacy to the Super Bowl Indicator?
Key Takeaways:
[2:44] Welcome to HENRY: High Earner, Not Rich Yet!
[5:00] Life diagram, from employee to ? investor
[9:26] If you have bigger problems, it’s probably because you have more success
[10:42] “It’s not what we get by reaching our goals that matters, it’s who we become just by trying” -Zig Ziglar
[12:12] Commandment No. 3 of 21 Commandments of Successful Investing: Thou shalt maintain control
[24:35] When you own the real estate, you own something real
[25:00] Have you heard of Ghost Kitchens?
[28:00] The Super bowl Indicator: Does Kansas City’s win actually give us a good indicator of what will happen this year with the S&P 500?
Website:
www.JasonHartman.com
Super-Monday, the youngest Creating Wealth listener and a letter about money from the late great Kobe Bryant. Today, investment counselor, Naresh returns with questions for Jason about a few investment properties in “The Vegas of the South,” and Citrus Springs Florida. Jason elaborates on the recurring real estate investment theme of “Refi ‘till you Die.” And finally, the importance of understanding ROA (Return On Amortization).
Key Takeaways:
[4:28] A Fourplex, new home construction deal!
[7:05] Tunica Resorts property, the Vegas of the South
[8:32] 32% return on invest IS a conservative number in a multidimensional asset class
[8:50] How To Analyze an Asset Class, Free Video - JasonHartman.com
[9:45] Advice on money, from a letter that Kobe Bryant wrote
[15:30] “Refi ‘till you Die” plan
[16:20] ROA return on amortization
[26:50] Citrus Springs, Florida
Website:
www.JasonHartman.com
Mamba Mentality: The Mindset That Made Kobe Bryant a Master
Today's Flash Back Friday comes from Episode 1048, originally published in August 2018.
Jason Hartman discusses some of the main stories in the news today. The first story is one of the reasons Jason created Commandment #3 (Thou Shalt Maintain Control), the next is a potential sign of a market slowdown from none other than the scandal plagued Wells Fargo, then the potential return of risky loans. Finally we wrap it up with a story on how California might make it even more expensive to live there.
Key Takeaways:
[2:09] Forgetting Commandment #3 can often be an expensive lesson and the biggest Ponzi scheme in the world
[6:52] Always think of opportunity cost when you have money sitting around
[12:20] A potential sign of a market slowdown from Wells Fargo
[16:49] The housing market is slowing from the top down and hasn't hit the type of homes that Jason's network sells
[20:44] Are banks starting to push risky loans?
[26:07] California is considering changes to Prop 13 and home requirements, which Jason believes would be devastating for real estate holders
Website:
Jason Hartman's Alexa Flash Briefing
The PropertyCast
Rabbi Evan Moffic, author of The Happiness Prayer, joins us from the Profits of Paradise conference where he speaks on happiness and what leads to a meaningful life. His rich insight on religion, capitalism and happiness give us a new way of approaching personal gain and how we can share that with others. And he invites us to ask ourselves, does more money lead to more happiness?
Key Takeaways:
[3:00] If money doesn’t buy happiness, does poverty buy happiness?
[4:05] Are Super Bowl tickets affected by inflation?
[8:00] Fannie Mae issues a warning about fake companies
[17:50] Does money make us happier?
[21:00] From 1-10, how satisfied are you with your life, and does your income affect that?
[22:56] Happiness is a kind of currency
[26:25] PERMA: Positive emotions. Engagement. Relationships. Meaning and purpose. Accomplishment.
[29:30] Love of money is the root of all evil, not money itself.
Website:
www.RabbiMoffic.com
www.JasonHartman.com
Every deal seems too expensive at the outset. Jason Hartman speaks on the Cap rate or less affectionately called, “The Crap Rate” as a faulty metric. And another proof of commandment number 3 of 21 Commandments of Successful Investing, what did Robert Morgan do?
Jason Hartman talks with Jonathan Slain, a high growth leadership coach, founder of www.Recession.com, and author of Rock the Recession, about how to prepare your business to ensure that you not only survive, but thrive through recessions. Having a war chest BEFORE it starts is absolutely crucial to your continued success, so make sure you have a plan and rock your way through any recession.
Key Takeaways:
[5:37] Every deal becomes a good deal looking in the rear view mirror
[11:35] How do you grow during a recession?
[15:20] You can increase your business significantly by spending into a recession
[21:00] Make sure you have a recession plan BEFORE the next recession
[23:20] Why Jonathan thinks a pullback will happen in 2020
[27:27] Examine your business to find what you can do that will make your competition irrelevant
[31:00] The big opportunities lie on the fringes of creativity
Website:
www.JasonHartman.com
www.Recession.com
Rock the Recession: How Successful Leaders Prepare for, Thrive During, and Create Wealth After Downturns
Thou shalt diversify. The continuation of our discussion on due diligence. Jason and Adam present tips on investigating the areas in which you own property. Use tools like Google street view to take a tour of the surrounding areas to understand the influences for value and rent.
Adam shares a real life scenario on a property in Merrillville, Indiana. Find out what questions you should ask before investing in a property.
Key Takeaways:
[3:00] Thou shalt diversify. Diversity into three to five markets.
[5:55] Use Google street view to understand the areas that surround your investment.
[8:30] Check with local property management companies to confirm rent estimates.
[11:15] Put the system to work with a real life evaluation of a current property.
[14:10] The institutional apartments do a really good job of squeezing the rent out. We should be demanding more for our properties.
Websites:
www.JasonHartman.com/Properties
Do the Due! Do your due diligence. Jason Hartman speaks with investment counselor Adam Schroeder about key aspects of income property investing including; checking home prices and contacting the Tax Assessor. The two give insight on working with lenders and the importance of home inspection and re-inspection.
Key Takeaways:
[4:00] Where to find pricing: MLS, Zillow and Tax Assessor
[9:10] Pictures can be insanely misleading. Sometimes, it’s not even the same house.
[14:25] A quick call to the country tax assessor can give you a ballpark estimate on taxes for an investment property.
[19:35] Lender deals can change due to dynamics of reevaluations.
[24:00] The licensing laws vary from state to state, check the requirements for you state
Websites:
www.JasonHartman.com/Properties
Today's Flash Back Friday comes from Episode 1022, originally published in July 2018.
Jason Hartman takes a turn to the listener mailbag while talking with Kerry Lutz, founder of the Financial Survival Network. Today's topics run the gamut from when to rent your personal residence, how RV ratios work around the world, how to work with Jason, and how to get OUT of the real estate game as you get older.
Key Takeaways:
[2:41] Why Jason has long believed the idea of public unions is ridiculous
[6:27] The stigma between renters and home owners seems to be disappearing, if not already completely gone
[9:54] Mason's question on renting his primary residence
[18:42] RV Ratios apply world wide
[19:23] How is depreciation unwound?
[24:58] Is it wise to put 100% down on a property if you have the cash?
Website:
www.JasonHartman.com/Properties
www.FinancialSurvivalNetwork.com
Successful people aren’t martians! Success is possible for everyone. Jason Hartman speaks on taking advantage of a lucky situation by preparing for the opportunities that will inevitably drop into our lives.
Then, Jason and George Gammon return for the conclusion of our three part story: the building blocks of the Jason Hartman Risk Evaluator. Jason also shares a modern day story taking place in Seattle, proving once again the risk of investing in a cyclical market.
Key Takeaways:
[3:45] The vast majority of us came from very humble beginnings
[8:06] “Luck is what happens when preparation meets opportunity” - Seneca
[10:24] The content is what happens, the context is the environment (our head) it happens in
[17:45] The risk when investing is in high land values
[18:26] Three types of markets: linear, cyclical and hybrid. What market is a preferred market for investing?
[23:00] Low land value equals low risk, high land value equals high risk
[28:10] Human biases: recency bias, sunk-cost bias, and certainty bias can all distract an investor
Websites:
www.JasonHartman.com/Properties
The PropertyCast
www.WeGoLook.com
www.NoLo.com
www.RocketLawyer.com
www.Buildium.com
In Part 2 of this 3 part series, Jason Hartman breaks down the ingredients of a house, otherwise known as “the improvement.” Jennifer, the insurance agent, is a key to understanding the land versus improvement value, and George Gammon shares an exhausting experience with lot subdivision and development. Eric, the appraiser comes out with good news prompting the question, “how would you allocate the new value between the two primary components, land and improvement?”
Key Takeaways:
[8:13] CPA (Cost Per Action) and is it applicable in a Real Estate Investment
[13:37] The ingredients of a house starting with raw materials
[16:46] “When I’m looking at an income property... I look at it as though I’m buying a stream of cash flow.”
[13:38] The ingredients of a house, labor costs
[24:06] The ingredients of a house, regulations
[27:20] The ingredients of a house, cost of energy
[29:05] “How do I know the land value vs the improvement value?”
Websites:
www.JasonHartman.com/Properties
www.WeGoLook.com
www.NoLo.com
www.RocketLawyer.com
www.Buildium.com
George Gammon interviews Jason Hartman about The Jason Harman Risk Evaluator. In Part I of this three part series, Jason describes his ‘aha moment’ after 19 years of experience in Real Estate. The story begins with a call from Jennifer, an insurance agent in Irvine, California that leads to the necessity and application for understanding the LTI (Land to Improvement ratio).
Key Takeaways:
1:10 Homework Assignment - GDP, Per Capita GDP, PPP
16:20 “No such thing as a passive investment”
18:03 The Hartman Risk Evaluator, LTV and LTI ratios discussed
21:28 The call from Jennifer, the insurance agent
23:45 What factors increase improvement value
Websites:
www.JasonHartman.com/Properties
The Rebel Capitalist Show
Jason Hartman speaks with returning guest and author of the book, “Heads I Win Tails You Lose,” Patrick Donohoe. The conversation touches on topics of an ever changing world culture that continues to reshape how we approach wealth, the freedom to do, and in what we find meaning. Despite some of the chaos and cultural decay, the 2020’s are going to bring some excitement to the world.
[20:40] It’s not freedom from having to do something, it’s freedom to do something.
[22:07] The order of magnitude: an interesting time in history where we are going to see massive change.
[24:00] The rising 3 billion, that aren’t online yet: If you think that society has benefited from sharing knowledge, you’re right.
[26:38] There will always be winners and losers
[28:40] The Ritz Carlton Slogan discussion: “Systemize the predictable so you can humanize the exceptional.”
[32:27] People are still trying to find meaning in other things.
[33:16] A little bit of struggle is good for the human spirit
Website:
www.JasonHartman.com/Properties
www.HeadsOrTailsIWin.com
Today's Flash Back Friday comes from Episode 1035, originally published in August 2018.
Jason Hartman starts off today's episode with a tale of his current lawsuit and the experience it's given him with the legal system. The way our current system is set up nobody wins, and there doesn't seem to be a lot of accountability going on either.
Jason also plays some Voxer messages from client Drew Baker about his recent experiences doing self management. After that, Jason finishes up his interview with podcast producer Adam Schroeder. This time the two discuss finding repair people, what to expect from property management software, whether to allow grace periods and what kind of late fees to charge.
Key Takeaways:
[1:57] Nobody wins in our current legal system
[6:04] Get the latest properties available from Jason through the PropertyCast
[7:38] Drew's experience self managing
Adam Schroeder Interview:
[13:32] You should have a clause in the lease stating which repairs the tenant is responsible for
[17:58] What to expect from property management software
[22:01] The importance of an increasing late fee
Website:
www.JasonHartman.com/Properties
www.FreeCourt.com
The PropertyCast
Did you know that there are more than 200 markets across the United States where the "typical" home costs more than one million dollars? Jason Hartman explores what is going on with home prices and where some surprising locations are that have incredibly high real estate prices.
Then Jason talks with Pat Hiban, author of Tribe of Millionaires: What is One Choice Could Change Everything? and co-founder of GoBundance, about the multiple effects that are in our lives and how we can situate ourselves in a way that we can live our best life.
Key Takeaways:
[2:07] There are over 200 cities where the "typical" house is over $1 million
[7:04] Some surprising cities that made the million dollar list
Pat Hiban Interview:
[13:34] Be careful in good times like these that you're not dealing with people who are just skimming the cream off the top and won't be here for you when things turn
[25:36] The "one sheet" idea Pat uses in his masterminds
[29:02] The Connection Effect
Website:
www.TribeOfMillionaires.com
www.JasonHartman.com/Properties
Jason Hartman and investment counselor Carrie go over how the network functions. The two explain the process of finding properties, getting financing, evaluating the provider, and choosing property management. This can seem to be a daunting task, but that's why the network exists: to provide the complete solution for real estate investors.
Key Takeaways:
[5:08] The middle market between Fannie Mae/Freddie Mac loans and hard money has been a boon for investors
[10:52] Keep your investment counselor in the loop with your purchases, having a Jason Hartman email address in the thread helps things move faster
[14:34] Form relationships with market specialists so that you can know what you're getting into with future properties
Websites:
www.JasonHartman.com/Properties
www.RealEstateTools.com
Jason Hartman and Rabbi Evan Moffic take a look at America's one affordable trophy city: Chicago (which just so happens to be where Evan lives). The two explore the things going on in the area that are helping drive business and helping investors in the area make some good money.
Then Jason and Evan explore the Memphis market and what the two like about the future of the city.
Key Takeaways:
[8:28] YouTube offers the ability to learn anything
[12:15] Chicago is the only cheap, iconic city in America
[16:04] Democrat leaders in Chicago have still been pro-business
[19:02] 2 big things that are happening in Chicago right now that are good for investors
[22:09] Evan's thoughts on the Memphis market
Website:
www.JasonHartman.com/Properties
Jason Hartman and Investment Counselor Sara take a look at what they like about the Orlando market, in terms of the city itself and the team that's providing properties there. They also explore some of the ways that pro formas can be manipulated and why new construction is able to outperform projections.
Key Takeaways:
[2:43] Why Sara likes the Orlando market and team
[7:05] Things are going to get worse for both homeowners and renters unless we can get the cost of materials and construction under control
[10:46] Why rent guarantees are overrated
[12:50] Other areas where new construction is available
Website:
www.JasonHartman.com/Properties
Returning guest Adam Schroeder joins Jason Hartman for this episode, as the two discuss the steps for transitioning from professional management of rental properties to self management. Adam and his wife have 3 (going on 4) properties and are thinking that the time is soon coming to venture out on their own. But before doing that there are some important things to do like what information to get from your property manager, what kind of initial contact to have with the current tenant, finding forms and contracts when you're finding/reupping tenants, pet rent, and more.
Key Takeaways:
[3:36] Why Jason loves a good recession
[8:29] Jason's been involved in around 10,000 real estate transactions
[13:08] Sometimes removing a property manager actually makes things easier
[16:27] The information you need to get from your current property manager if you're going to make a switch
[21:26] A way to change your relationship with your property manager rather than completely ending it
[24:09] Bad property manager reviews on sites like Yelp might be a good thing, that's why you have to read them
[29:23] Insurance: individual policies or a commercial policy?
Websites:
www.JasonHartman.com/Properties
www.WeGoLook.com
www.NoLo.com
www.RocketLawyer.com
www.Buildium.com
Jason Hartman and economist Thomas look back on the 2010s to see what the biggest stories were for investors. From the War on Terror to Obamacare to the aftermath of the Great Recession, it was a decade fraught with ups and downs that provided opportunities for investors to make good money.
Key Takeaways:
[5:13] The 10th biggest story of the decade: the War on Terror explodes the deficit
[8:20] Why European debt issues will come to the fore in 2022
[12:37] The idea of Purchasing Power Parity and what it says about China's economy vs the US
[16:42] As much as Jason doesn't like Obamacare, it makes the list of Top Stories of the 2010s
[26:53] What Jason learned years ago during his day as a lobbyist
[29:10] Thomas is seeing at least a 15% drop in the market coming when the Fed decides to let risk enter the market again
Website:
www.JasonHartman.com/Properties
Jason Hartman and Lisa take a look at the phenomenon that's sweeping homebuilders across the country: build to rent. It's something that's not been done before and that Jason takes as a very positive sign for renter growth moving forward. Jason and Lisa then discuss whether the differences between new builds and renovated properties before moving into some market profiles in Florida and Oklahoma City, where we are happy to be venturing back into.
Key Takeaways:
[2:34] What the build-to-rent phenomenon means the builders are thinking
[6:06] Even Toll Brothers is getting into the Build-to-Rent phenomenon
[12:05] Jason's thoughts on appreciation of new home builds vs renovated properties
[17:27] A clip on the growth going on in Florida. The new Texas?
Website:
www.JasonHartman.com/Properties
Jason Hartman and Investment Counselor Adam take a moment today to discuss the hot topic of Modern Monetary Theory (MMT). Adam, being a big proponent of MMT, plays a clip from a recent episode of The MMT Podcast and discusses what MMT is, how we can use it in our observation of the economy, and what it can mean for our investing. After they finish up their MMT talk, the two profile a property that's available in the Atlanta, GA market.
Key Takeaways:
[3:49] How money becomes money
[8:03] Why Adam and Jason think cryptocurrencies not backed by the government will never thrive
[14:25] What we actually need to worry about when we have a tax cut or increase in government spending
[17:37] Shrinking deficits lead to pullbacks and federal surpluses lead to recessions
[25:40] Property profile in Atlanta
Website:
www.JasonHartman.com/Ask
www.JasonHartman.com/Properties
The MMT Podcast
Jason Hartman and economist Thomas look back at some of the happenings of 2019 and then try to envision what's going to be happening in 2020. The primary thing being discussed today is the yield curve. There is constant talk about how a negative yield curve signals recessions, but how long does it have to be negative? Were we inverted too long in 2019? How long before we see the results of the negativity? Jason and Thomas try to answer all these and more.
Key Takeaways:
[4:13] What does the yield curve exploding mean?
[7:17] Why an economist is saying that real estate is less risky than stocks in 2020
[12:36] Hybrid markets had a good 2019 and look like they'll have a good 2020 as well
[13:38] A CNBC clip about the yield curve
[18:14] The Fed has the dual mandate of moderate to low inflation with maximum employment, but they seem to consider financial stability as a 3rd mandate
Website:
www.JasonHartman.com/Properties
Today's Flash Back Friday comes from Episode 1001, originally published in May 2018.
Creating Wealth's 1001st episode is a time to take a look back at the people who have made this show possible: the listeners and clients. Jason has been blessed to have such great clients who come on the podcast to tell other listeners about their real estate journey. Today we've curated some mini client case studies as we look back at what actual real estate investors have to say about their experience working with Jason.
Website:
www.JasonHartman.com/Events
Jason Hartman explores what's happening in America today when it comes to population growth (or the lack thereof). When you look at the demographics of babies being born today and what the housing market is going to need in 30 years, it's not a great thing for society. But that's why investment real estate can protect us.
Then Jason talks with Quint Studer, author of Building A Vibrant Community: How Citizen-Powered Change Is Reshaping America and founder of Studer Community Institute, about how he was able to change Pensacola, FL and how other areas could be renovated using the exact same strategies that he employed.
Key Takeaways:
[2:43] 3 basic things that comprise population trends
[7:56] Construction in the 2010s was virtually non-existent
Quint Studer Interview:
[14:23] The components of Pensacola's turnaround
[17:58] In the midst of the Retail Apocalypse, what is actually working in retail?
[21:40] Civic Conversations, bringing in experts to discuss their specialties, opened up opportunities they didn't realize would happen
[24:28] There needs to be heavy investment into skill development
Website:
www.VibrantCommunityPartners.com
www.StuderI.org
www.PNJ.com/CivicCon
Jason Hartman and Investment Counselor Adam take the first day of the year to challenge every listener to sit down and make an investment plan for the year. Yes, New Year's Resolutions are cliche, but making a plan is better than not, and it's important to push yourself. You want to make it hard to reach, but not impossible. You need to take inventory of the things in your life you have, the things you can monetize, the things you can cut back on, and the things you can't or won't cut back on. After doing this you'll have a realistic look at what you can do to invest in your future.
Key Takeaways:
[8:47] You want your New Year's goals to be just out of reach but not out of sight
[13:39] A Jacksonville, AR property profile
Website:
www.JasonHartman.com/Properties
Jason Hartman and Rabbi Evan Moffic take today to review "the best decade in human history". As 2019 ends and we look forward to 2020, Jason and Evan discuss how the real estate market has transformed since 2010. They also examine the mindset of investors that invested through the Great Recession. Lawrence Yun's expectations for 2020 are also dissected.
Key Takeaways:
[3:16] We are wrapping up the best decade in human history
[6:48] What qualities did the people who invested in real estate through the Great Recession have?
[11:56] Lawrence Yun's 2019 real estate year in review
[15:50] Climate change has caused the Northwest Passage to open up, which is huge for shipping
[18:51] Yun's prediction for the housing market in 2020
[24:26] Will the flow of people to cheaper cost of living states continue in the 20s?
[29:34] The "Collapse of Brands"
Website:
www.JasonHartman.com/Properties
Jason Hartman and Investment Counselor Adam start today's show discussing what could happen to the cost of lumber and the cost of home construction based on the potential passage of the US-Mexico-Canada trade deal. With the deal already through the House and awaiting the Senate approval, it could have significant ramifications.
Then Jason talks with Nick Vertucci, author of Seven Figure Decisions and founder of NV Real Estate Academy, about Nick's journey through the real estate world after his tenure in the tech industry. Nick spills the details of his change and why he switched from selling and flipping to educating. The two discuss the downsides of real estate, but also the incredible rewards that can come if you stick with it, make decisions and keep moving forward.
Key Takeaways:
[3:48] The US-Mexico-Canado trade agreement could have a big impact on real estate investors
[8:46] The price of lumber stabilizing would be fantastic for investors
Nick Vertucci Interview:
[14:10] Nick's journey from selling and flipping real estate to the education side
[20:38] Nick's first realization that he was making 7 figure decisions, and what true leaders all have in common
[23:40] Real estate isn't perfect, and it isn't easy, but it can bless you significantly
[27:22] Whether it's full or part time, have the entreprenuerial spirit and go create wealth
Website:
www.JasonHartman.com/Properties
www.NVRealEstateAcademy.com
Seven Figure Decisions
Jason Hartman starts off today's episode with a little talk on where interest rates may be headed (according to one economist) and how that would impact current real estate investors. Hint: it's a pretty good thing. He also has to throw in a qualifier to his "Amazing time to be alive" mantra, because there are a few things that aren't amazing right now.
Then Jason finishes up his interview with John Tamny, director for the Center for Economic Freedom, Editor of Real Clear Markets, and author of Who Needs the Fed?: What Taylor Swift, Uber, and Robots Tell Us About Money, as the two discuss the impact of automation on all aspects of our life. John is excited about what all of this change will mean for the common worker and believes it will lead to higher quality of life for all.
Key Takeaways:
[4:12] A qualification to the beloved Jason mantra of "It's an amazing time to be alive"
[7:18] Let Jason control the music and he cares not who controls the laws and the money
[12:13] What Martin Armstrong thinks interests rates will be jumping to
[15:28] Investors already in the game are praying for higher interest rates
John Tamny, Part 2
[20:18] Automation is going to lead into a surge in new kinds of jobs
[25:00] The demand for entertainment and service is going to explode
[26:49] Tamny's Law: as prosperity grows more and more people escape laziness because they find work they love
[28:29] John's thoughts on Universal Basic Income
Website:
www.JasonHartman.com/Properties
www.RealClearMarkets.com
On the day after Christmas, Jason Hartman takes a look at the amazing economy the North Pole is able to have. With massive exports and limited imports, it's truly impressive what they've been able to do. The main thing the North Pole has that no other country has is big data. What they have puts the companies like Facebook to shame.
Then Jason wraps it up by talking about the explosive growth in population that Florida has been experiencing.
Website:
www.JasonHartman.com/Properties
The Economy of the North Pole
Merry Christmas from Jason Hartman!
Jason shares one of his favorite poems that he discovered when he was only 17 years old. He learned it from Denis Waitley, but he wasn't the original author. Jason reads the poem and expresses his feelings about one of his favorite parts.
Website:
www.JasonHartman.com/Properties
Desiderata
Jason Hartman and his mom take this Christmas Eve to evaluate how the United States was able to go an entire decade without going into a recession. This is something that has never been done before, so why did it happen now? The two listen to a CNBC story and break down each of the points: sometimes agreeing, sometimes pointing out flaws in logic.
Then to cap off the episode, Jason's mom discusses her recent 3 day property tour of the Space Coast and how it reminds her a little bit of California.
Key Takeaways:
[3:14] CNBC clip about the US avoiding a recession for all of the 2010s
[7:00] GDP in the Great Recession dropped over 4% and some believe the unemployment rate (the unofficial one at least) was as high as the Great Depression
[11:57] There was relative price stability in the previous decades, but there was also wage stagnation
[21:47] Jason's mom's best advice for how to figure out what's going on in the economy
[24:09] Will Universal Basic Income become necessary when technology really kicks in?
[27:57] There may not be much of a bust coming because there hasn't been a huge boom
[28:23] Jason's mom's takeaways from her 3 day property tour of the Space Coast
Website:
www.JasonHartman.com/Properties
How The U.S. Avoided A Recession For A Decade - CNBC
Jason Hartman talks with NJ Ayuk, Executive Chairman of African Energy Chamber, CEO of Centurion Law Group, and author of the new book Billions At Play: The Future Of African Energy And Doing Deals, about the development that's happening inside Africa. Many outside of Africa view the continent with skepticism, but there's a big shift happening, especially in the banking sector (or lack thereof). Jason and NJ discuss some ways that Africa in general is beating first world countries, as well as how a shift toward property rights could go a long, long way toward more prosperity.
Key Takeaways:
[3:54] Jason believes Nixon went to China to open up a cheap labor market
[6:06] Is Africa the next low cost labor market?
NJ Ayuk Interview:
[10:47] Africa may not have first world countries, but it has some infrastructure that's better than countries like the US
[14:04] Africa, unlike the United States, is not banking centric
[17:42] Money transfers have gotten so fast and easy that illiterate grandmothers are doing it
[21:21] What NJ views as the bedrock of a strong society
Website:
www.JasonHartman.com/Properties
www.NJAyuk.com
Today's Flash Back Friday comes from Episode 1003, originally published in May 2018.
Jason Hartman kicks off the show with listener Nate and his mom discussing what was learned during the recent Creating Wealth seminar, as well as getting some tips about how to create long-term tenants who are understanding of rent increases.
Then Jason talks with John Tamny, director for the Center for Economic Freedom, Editor of Real Clear Markets, and author of Who Needs the Fed?: What Taylor Swift, Uber, and Robots Tell Us About Money about why he believes the Fed doesn't have anywhere near the power they're given credit for, why their policies aren't effective in today's world, and why demographics may not be as useful as they're believed.
Key Takeaways:
[5:01] If your tenants are there too long it might be a sign your rent is too low
[10:22] Some tips on long-term tenant retention
[14:49] Evictions don't just stem from not paying rent
John Tamny Interview:
[19:57] How Uber made John realizing something about the Fed
[23:40] The importance of the Fed is vastly overstated
[28:42] The idea that the rest of the world is in on some deal where they hold worthless treasuries isn't realistic
[31:39] Demographic arguments regarding Japan don't hold a lot of weight with John
[35:26] Money flows to its highest use, regardless of the Fed
Website:
www.VentureAllianceMastermind.com
www.RealClearMarkets.com
What can you do when the government comes and seizes your assets? Jason Hartman and David Kirby, investigative journalist and author who was a regular contributor to The New York Times, Huffington Post and TakePart, and author of the new book When They Come For You, look into the practice of asset forfeiture, both civil and criminal. The two search for answers to the question of what regular citizens can do about the problem, as well as which states are really leading the charge in protecting their citizens.
Key Takeaways:
[1:40] Police departments have become the modern day debtors prison
[6:40] The issue of debtors prison goes far beyond just the person who's incarcerated
[10:10] The egregious action of civil forfeiture
[17:31] What we can do about asset forfeiture
[20:40] Nebraska and New Mexico now have no asset forfeiture and 15 states now require a criminal conviction
Website:
www.DavidKirbyAuthor.com
www.JasonHartman.com/Properties
Jason Hartman starts today's show examining a PBS News Hour story about the legacy of Paul Volcker. As you know, Volcker passed away recently, but the impact he had on multiple presidents still resounds.
Then Jason talks with Rabbi Evan Moffic about where we might be in the business cycle as we continue moving along in the longest economic recovery in recent history.
Key Takeaways:
[5:47] PBS News Hour story on Paul Volcker
[9:10] Reagan's business plan was to put the Soviet Union out of business, and running up the deficit didn't cause the inflation everyone expected
[16:42] The next recession will not be real estate led
[19:39] The recovery didn't hit "par" from the Great Recession until 2013, so it's not quite so surprising we haven't had a recession in a decade
Website:
www.JasonHartman.com/Properties
Remembering former Fed chair and economic giant Paul Volcker
Jason Hartman starts today's episode from the Ritz-Carlton in Key Biscane, FL. He has created a new ratio for you to think about that can be put alongside the Rent-to-Value Ratio and all the other ones Jason has coined. Then he explores the concept of the unemployment rate versus the labor participation rate, the differences between them and what that means.
Then investment counselor Adam joins Jason to discuss a property in Mobile, AL and also to look at the growing wages in specialized blue collar jobs. The two explore how this will impact real estate values and what it could mean to 4 year colleges.
Key Takeaways:
[5:06] Jason's newest ratio
[8:52] Unemployment Rate vs Labor Participation Rate
[13:32] The discouraged worker skews unemployment stats
[15:02] A property profile in Mobile, AL
[18:56] Blue collar wages are enticing people away from 4 year colleges
[24:28] How rising blue college wages rising could impact real estate and the cost of repairs to our investment properties
Website:
www.JasonHartman.com/Properties
The Unemployment Rate and the Labor Force Participation Rate Compared in One Minute
Is the Unemployment Rate Lying to You?
Jason Hartman starts today's show discussing the level of home flipping that's in the market right now. We're at a 7 year low, which means something in the marketplace today. It's important to accept today's landscape and figure out ways to invest in spite of that.
Then Jason talks with Chris Mason, mortgage broker, about what is happening in the mortgage market today, lending standards, and whether we're in danger of seeing another bubble burst.
Key Takeaways:
[2:47] Home flipping isn't what it used to be, reaching a 7 year low
[8:02] We need to accept reality that inventory is tight and properties are more expensive
[11:25] The magic 2 words for a landlord
Chris Mason Interview:
[15:26] What increased loan limits mean for the mortgage market
[19:23] Are FICO scores really a good criteria for borrowers?
[22:16] Are financing rules getting too liberal again?
[26:15] Are interest only loans still available?
Website:
www.JasonHartman.com/Properties
www.EastBayMortgageBroker.com
Today's Flash Back Friday comes from Episode 1009, originally published in June 2018.
Jason Hartman talks with Financial Survival Network's founder Kerry Lutz for the whole episode today, as the two discuss the very important concept of financial repression. While financial repression is bad for individuals, it can be very lucrative for people who have invested in real estate properly in their younger years.
The two also discuss the current phenomenon of "tax refugees" being created by states like California, and where these refugees are fleeing too, as well as when they expect any economic pullback to happen and what Trump is doing that the mainstream media isn't paying attention to.
Key Takeaways:
[6:03] Make sure you get a home inspection and make sure you actually read it and learn the language
[9:211] What is financial repression?
[13:09] Financial repression is a great opportunity for those who invest in real estate
[16:45] Tracking the "tax refugees" leaving California
[23:16] What kind of economic outlooks has Kerry been hearing from the guests on the Financial Survival Network?
[27:14] The mainstream media is missing the fact that Trump is now making large chunks of the government irrelevant
Websites:
www.JasonHartman.com/Properties
www.FinancialSurvivalNetwork.com
Jason Hartman and investment counselor Adam explore the phenomenon of aging homebuyers in this episode before getting to some listener questions. Since the Great Recession the average age of homebuyers has skyrocketed into the upper 40s, about a decade older than it was before. Adam and Jason explore the reasons behind this shift and what it could mean for investors moving forward.
Then Jason and Adam answer 2 listener questions, one about Capital Expenditures and one about when NOT to do a 1031 Tax Deferred Exchange.
Key Takeaways:
[4:16] The median age of homebuyers is now 47
[7:30] The downside of home ownership in this digital nomad society
[12:06] The history of homebuyer ages
[17:37] Are big CapEx like roofs and HVAC included in the pro forma maintenance percentages?
[21:12] Always ask for a Scope of Work prior to entering into a contract
[23:16] When shouldn't you do a 1031 Exchange?
[27:56] A property profile in Indiana
Website:
www.JasonHartman.com/Properties
Jason Hartman talks with George Gammon, real estate investor, entrepreneur, investor and TV producer, about what's happening in the repo market and how that impacts the overall economy moving forward. The two address misconceptions about several aspects of investing and whether you should be happy or dismayed about certain aspects of the new Trump tax plan.
Key Takeaways:
[3:50] Our longevity is going to be greatly changed in the next 20 years
George Gammon Interview:
[10:50] What is the repo market and why does it matter in the macroeconomic world?
[16:30] Money market funds are big players in the repo market
[19:05] The only "cheap" investment in today's economy is a 30 year fixed rate mortgage
[23:05] The new tax law has changed the way inflation is dealt with, and George doesn't think it'll be good long term
Website:
www.YouTube.com/GeorgeGammon
www.Twitter.com/GeorgeGammon
Paul Volcker, former head of the Federal Reserve, passed away December 8. Jason Hartman takes a look back at some of the biggest moments of Volcker's term and what it meant for the United States.
Then Jason talks with Thomas Jones, former vice chairman and director of TIAA-CREF, former Chairman and Chief Executive Officer of Global Investment Management at Citigroup, and former Chairman and Chief Executive Officer of Citigroup Asset Management. He was also the former Vice Chairman of Federal Reserve Bank of New York. Jason and Thomas discuss Thomas' entrance into real estate, why Thomas is so bullish on America long term, and what sets America apart from the rest of the world.
Key Takeaways:
[3:47] Paul Volcker, the former Fed chair credited with "Breaking the back of inflation" has passed away
[6:04] Interest rates in 1980 spiked at over 18%, with inflation at 13%
Thomas W Jones Interview:
[11:50] Thomas and his bride actually started by bidding on 2 burned out buildings in Boston
[17:08] Thomas is perennially bullish long term, so dips in the economy are buying opportunities for him
[19:21] The changes on Wall Street over the years
[23:30] The most disappointing aspect to the reforms that have been made since the Great Recession
[28:39] One of the things that really sets America apart is the excited entrepreneurial spirit
[32:55] America faced a metaphorical crossroads in the late 1960s
[35:44] Our nation doesn't give itself enough credit for how far we've come, even though we still have a ways to go
Website:
www.JasonHartman.com/Ask
From Willard Straight to Wall Street
Today's episode is Jason Hartman exploring Commandment #3: Thou Shalt Maintain Control a lot deeper. Maintaining control in real estate deals has been discussed quite a bit before, but it's not just real estate where control matters. Jason explores the collapse of Enron and why it was such a surprise and why Commandment #3 is crucial even in those scenarios.
Key Takeaways:
[4:03] Airbnb hasn't been through a recession yet, so there's a lot that isn't priced in to the market
[8:06] The 3 major problems when you give up control in an investment
[13:54] The Infographics Show: The Business Deception That Cost $60 Billion
[16:59] The phrase "financial innovation" is a red flag when you hear it
[23:05] Most companies don't have people inside to pump the brakes, because everyone is incentivized to speak highly and show it in the best possible light
[25:26] Derivatives are the thing about the thing, but as an investor you want to be as close to the "thing" as possible
Website:
www.JasonHartman.com/Ask
Jason Hartman Quick Start Podcast
The Infographics Show: The Business Deception That Cost $60 Billion
Today's Flash Back Friday comes from Episode 997, originally published in May 2018.
Jason Hartman starts off the show with client Doug about portfolio makeovers, why you should stay in the game for the long run, and the fallacy of the passive investment. Doug got out of the real estate business just before the (positive) market correction and missed out on a lot of money.
Then, Jason finishes his client case study with Muthiah. This time the two look at the actual process of Muthiah filing a claim against a bad provider and how he was about to get restitution after some avenues had failed. Jason also explains how to get a hold of his Hall of Shame resource list, and why you should file complaints even if they're not likely to help you alone.
Key Takeaways:
[5:05] There's no such thing as a passive investment, but there are some things that are easier
[9:16] If you do the math properly, real estate versus the stock market isn't even a competition
[12:15] The problem with being too passive is you don't learn from your successes or failures
Muthiah Client Casey Study, Part 2
[20:00] Muthiah has never tried to self manage his current 20 properties
[23:00] Want Jason Hartman's Hall of Shame resource list? Fill out any form on JasonHartman.com
[25:18] Muthiah's process of filing complaints against the provider
[29:48] You're not just filing these complaints for yourself, it's your duty to protect other people
Website:
www.JasonHartman.com/Properties
Jason Hartman takes a deep, deep dive into Napoleon Hill's work in today's show. We first start off dissecting the ideas that Napoleon brought out in his work Think & Grow Rich. Jason looks at various aspects of the book and how we can use them in our lives today and what power they have when used properly.
Then Jason talks with Sharon Lechter, former CEO of Rich Dad & Pay Yourself First and author of Success & Something Greater: Your Magic Key, about her experiences with both the Rich Dad company and the Napoleon Hill Foundation. Sharon provides unique insights into the impact both organizations have had on society today, as well as what she has discovered success means for various people.
Key Takeaways:
[5:55] There's a lot more fulfillment in life available if we are not completely attached to the outcome
[10:22] Specialized knowledge has long been a must for true success
[14:49] The power of the mastermind is real and incredible
Sharon Lechter Interview:
[20:45] Napoleon Hill one of the original self-help authors?
[25:00] The different types of success Sharon saw while writing her latest book
[27:21] Why the man who sold the patent for the jet ski for $75,000 doesn't regret it
Website:
www.SharonLechter.com
Success and Something Greater: Your Magic Key
www.JasonHartman.com/Ask
Jason Hartman begins today's show discussing something he has been promising for a while, which is the P vs PC balance. You can't go full P(production) or full PC (production capacity), you have to find a balance. Just like, as investors, we have to find a balance between action and education.
Then we have a clip from one of Jason's speeches at Profits in Paradise where he discusses the 3 forms of power.
Key Takeaways:
[2:55] Social mobility is still possible but it's harder than ever before
[5:49] A clip from the Amazon documentary "Park Avenue: Money, Power and the American Dream"
[13:31] The P vs PC balance
[19:25] Quit getting ready and go
Profits in Paradise Live Clip:
[24:04] The 3 forms of power
[30:56] Think of ways you can use technology to improve your real estate business
Website:
www.JasonHartman.com/Properties
Jason Hartman begins today's show with a little good news and a little bad news. Along with that Jason explores the idea of seeing the world in black and white and how getting older helps with that.
Then Jason finishes his interview with Ali Wolf, Director of Economic Research at Meyers Research, LLC., regarding what indicators you can expect to be leading and which are likely to be lagging. Some that seem like they could be leading are actually usually lagging and can hurt you if you invest off of them. Ali explains some ways she's been able to potentially see a downturn coming up to 3 years off.
Key Takeaways:
[9:05] Bad news: More and more businesses are fleeing California
[10:20] Good news: homes are finally getting built
Ali Wolf, Part 3
[12:56] Consumer confidence, GDP and Non-Farm Payrolls are examples of lagging indicators
[17:21] Potential leading indicators that can forecast a downturn years ahead
Website:
www.MeyersResearchLLC.com
www.JasonHartman.com/Properties
Jason Hartman and investment counselor Adam begin today's show discussing two important things for a real estate investor: laws and the future. First off is good news for those investors that are fighting laws that restrict the ability of property owners to run short-term rentals. Then Jason and Adam discuss some good housing news that could lead to a happy 2020 (at least for housing).
Then Jason talks to in-house economist Thomas about interest rates. There's been some movement up and some movement down, but Thomas has an opinion on where he thinks rates will go in 2020 and why he believes that.
Key Takeaways:
[4:17] The City of Austin lost a key case regarding short-term rental laws
[9:41] Make sure that you're not investing in a mania when you're looking at short-term rentals, and make sure your portfolio balance reflects that
[11:39] There's pre-demand in the housing market right now, which is a good sign for housing in 2020
Jason & Thomas:
[17:10] The Fed only indirectly influences mortgage rtes
[19:09] Why Thomas believes mortgage rates will go up in 2020
[21:20] The 2 Central Bank forces that will push inflation back up
[23:47] Why a $315 billion drop in money supply is important even though it's not much of a percentage of worldwide supply
Website:
www.JasonHartman.com/Properties
www.JasonHartman.com/Ask
Today's Flash Back Friday comes from Episode 994, originally published in May 2018.
Jason Hartman wants to prepare you for the coming revolution. The self management revolution is coming, and it's time to see if you're up for the challenge. There are things that you need to do before you take the plunge, and Jason outlines some of them here.
Then, Jason talks with CEO of the NHP Foundation, Richard Burns, about the affordable housing crisis in the United States. The current method of creating affordable housing isn't working for anyone, but Richard thinks there's a way that it can be solved that benefits all parties.
Key Takeaways:
[2:34] The coming revolution of self-management
[5:36] Drew's first taste of self-management
[7:45] Some steps to take before going full self-management
[11:09] Freddie Mac's new program
[15:23] Join Jason for his events in Philadelphia and New York, www.JasonHartman.com/Events
Richard Burns Interview:
[17:45] What solutions are available for affordable housing?
[20:38] The two components of real estates value
[22:20] We are nowhere near meeting the affordable housing demand, so what do we do?
[26:17] Where did the high paying, real careers go that made people end up in careers that were meant to be stop-gap jobs?
[28:25] What does Richard's non-profit do?
[31:59] Richard's thoughts on rent control
[33:51] What the Baby Boomer survey showed
Website:
www.NHPFoundation.org
On this Thanksgiving Day, Jason makes note on some things he has in his life that he is most thankful for. It's important that we take time to make note of these in our hectic lives. So in today's shortened episode that's exactly what we're doing.
Website:
www.JasonHartman.com
5 Things You Should Be Grateful For Today!
Jason Hartman and Adam join forces today to discuss a big development in the mortgage market. Fannie Mae/Freddie Mac conforming loan limits are being increased again, this time to over $510,000, which will have substantial impacts on the housing market overall.
Later, Adam talks with one of the network lenders about where interest rates are today and what a weakening economy in 2020 might put them in a few months.
Key Takeaways:
[2:11] Fannie Mae and Freddie Mac are increasing the conforming loan size to over $510,000
[7:03] Conforming loan limit increases generally lead to home price inflation
[10:54] The higher loan limit might impact hybrid markets more than cyclical
[14:57] Insights from Voxer messages left by listeners
[18:33] Technology is increasing the value of our properties
Adam Mortgage Minutes:
[24:57] Current rates for a $100,000 property with 20 or 25% down
[28:22] How might rates react if we see weakening in the economy that some are predicting in 2020?
[30:08] Mortgage starts don't seem to be slowing down for investors
Website:
www.JasonHartman.com/Properties
Jason Hartman has another client case study, this time with 26 year old Jaden Zubal, an associate wealth strategist at Paradigm Life. Jaden started attending events when he was 22 or 23 and recently got into the real estate game by purchasing properties in Jacksonville, FL and Memphis, TN.
Jason and Jaden discuss how Jaden decided that new construction was the way for him, what market he likes for his next as he diversifies geographically, and how the 10 Commandments of Real Estate Investing have helped him along the way.
Plus, check out the link below and you can get a free audio and digital copy of Heads I Win, Tails You Lose by Pat Donohoe, as well as a complimentary consultation with Jaden.
Key Takeaways:
[2:45] Good news for Texas property owners
[4:42] Housing inventory is even worse than we thought
[7:43] The average home listing price in America is $312,000
Jaden Zubal Client Case Study:
[10:31] Jaden attended his first Meet the Masters in her early 20s
[13:33] Which of Jason's commandments Jaden has found most useful in his investing journey
[16:24] The 2 things Jason believes Maslow left out of his hierarchy of needs
[18:50] The first 2 tiers of safely growing your money and keeping it protected
[23:46] Student loan debt is creating a generation of people feeling pessimistic about their financial future, so what's going to come of them?
[26:08] One of the separating elements of Jason's network is the value of the investment counselor
[30:12] What changed Jaden's mindset on new properties vs renovated
Website:
www.ParadigmLife.net/Jaden
jzubal@paradigmlife.net
www.JasonHartman.com/Properties
Jason Hartman and Investment Counselor Doug takes today's episode to discuss what's going on with the average FICO score across generations. The average FICO score is not something that Americans can be proud of, but it provides some serious advantages to real estate investors.
Then Jason and Doug highlight several Florida properties that are able to cash flow with new construction, which is something that is getting harder and harder to do in today's environment. Florida is becoming a bigger draw to those running away from high tax states, which is driving their real estate market.
Key Takeaways:
[2:55] FICO scores are low across all generations
[6:18] You want a good credit score, not a perfect credit score
[10:40] Real estate takes about 8% in transaction costs
[16:05] Doug spotlights a Florida property
[19:43] Blogcast: How does inflation devour debt?
[23:39] Migration of residents will cause a shift in ownership in the old areas
[26:47] Real estate markets tend to expand and contract from the top
Website:
www.JasonHartman.com/Properties
Today's Flash Back Friday comes from Episode 243, originally published in February 2012.
Jason Hartman interviews author, former Wall Street senior banker, and best-selling investigative journalist, William (Bill) D. Cohan on the events that led up to the current economic crisis. Bill explains the choices that the big firms, such as Goldman Sachs, JP Morgan, etc, made regarding what type of institution they were going to be, the path of these firms that led up to the current crisis, and how they used the bailout money gifted to them. He said it was one big party on Wall Street, during which brokers were to bring in revenue using a lot of whacky products, until everything came crashing down. Huge bonuses were paid out from the revenue collected from unsuspecting clients.
Bill and Jason also discuss the Occupy Wall Street Movement. Bill expressed disappointment in the message of the movement, saying it isn’t clear and they need to learn how Wall Street really works so that they can be more effective in bringing about reform. Wall Street has been influencing what goes on in Washington and paying lobbyists and donating to congressional coffers so that they can get the regulations, or lack thereof, that they want, i.e. the Dodd-Frank Wall Street Reform and Consumer Protection Act. Bill talks about how the expansion of Wall Street into Middle Class America was not an accident, using the example of Merrill Lynch being a public company.
To solve the problems, Bill suggests changing the incentive system on Wall Street, in that it can no longer be okay to take huge risks with people’s money or get paid big bonuses whether they lose money for the firms or not, as well as going back to having to use their partner’s capital to operate.
Website:
www.WilliamCohan.com
After his intro discussing getting the money thing out of the way in pursuing your life and the difference between law and ethics, Jason Hartman talks with Stephen Davis, author of Truthteller: An Investigative Reporter’s Journey Through the World of Truth Prevention, Fake News and Conspiracy Theories, about the prevalence of fake news online and in every form of media. The two try to find ways to combat the issue head on and what the average person can do today (and in the future) to avoid being fooled.
Key Takeaways:
[6:34] Get the money thing out of your way
Stephen Davis Interview:
[12:32] It's easier now than ever before for governments to lie to you and get away with scandals
[14:36] Fake news travels faster than truth on Twitter
[17:40] If you want good, investigative journalism, you're going to have to pay for it
[23:45] We need to stop letting companies like Facebook and Google escape the responsibility that media outlets have
[30:10] How governments deceive you
[36:21] Dealing with fake reviews on sites
Website:
www.StephenDavisWriter.com
www.JasonHartman.com/Properties
Jason Hartman and one of the network's Florida market specialists discuss the Jacksonville market and what kind of housing is currently available. The two break down a pro forma for one of the available new construction properties and examine why Florida has become such a hot spot for people fleeing both the East and West coast states.
Then we have a segment from Real Data founder and president Frank Gallinelli about financial terminology. It's important when reading pro formas and doing your due diligence that you know what these metrics are. Frank breaks it down so that you're prepared when you go into your next property.
Key Takeaways:
[4:28] Florida is now drawing people from the East and West coast
[6:28] Jacksonville market profile
[10:27] Examining a pro forma of one of the new construction properties available in Florida
[13:00] There are a couple properties available that you could take advantage of in a 1031 exchange
[15:53] People are moving to Jacksonville to be near St Augustine, which is the 2nd busiest place for tourists in Florida behind Disneyworld
[18:24] Frank Gallinelli on financial terminology
Website:
www.JasonHartman.com/Properties
www.RealData.com
Jason Hartman starts today's show discussing how it's possible that low interest rates can be used as financial repression tool even though it seems like a good thing at first glance. He also explores an article highlighting affordability issues across the nation and how it's impacting markets that Jason's investors bought homes in prior to the runup.
Then Jason talks with Peter Hirshberg, founder of Maker City® Project and CEO and co-founder of Lighthouse.one, about Opportunity Zones and how they work with constructing cities. Jason and Peter explore how the incentives were created and why they are crucial to the success of projects like Opportunity Zones.
Key Takeaways:
[3:47] Part of financial repression is low interest rates
[7:42] Affordability is becoming more and more of an issue across the US, including some where investors used to be able to get reasonable properties
Peter Hirshberg Interview:
[14:43] Economic reinvention is a bottom up thing as people found what they were good at and innovators moved into the city
[18:55] Why you have to create incentives like those the Opportunity Zone offers
Website:
www.Lighthouse.one
www.JasonHartman.com/Properties
‘Their house is on fire’: the pension crisis sweeping the world
Housing in these cities may become unaffordable by 2028
Jason Hartman and real estate attorney Bob start today's show discussing the importance of taxes and how they can seriously impact your real estate investing journey throughout your life. They also discuss what makes a good investor and the direction of law when it comes to real estate.
Then Jason talks with Steve Glickman, Senior Economic Advisor to President Barack Obama and chief architect of the Opportunity Zone project, about how the Opportunity Zone system works, the definition of an Opportunity Zone and what benefits the program provides for real estate investors.
Key Takeaways:
[4:33] The multiplier effect of moving to a place where your money is treated better
[9:37] Jason's prediction for the next thing landlords will be held accountable for under the law
[15:50] What good, talented lawyers for commercial properties always do
[19:18] Good investors act, but only because the deal is good, not because they have the money
[23:27] Taxes are like reverse amortization
[26:02] High taxes encourage bad investments
Steve Glickman Interview:
[28:14] There are now 8.766 Opportunity Zones across the US
[32:31] There are about 300 Opportunity Zone funds targeting $65 billion and have raised about 15% so far. How big is this expected to get?
[35:28] The 2 big factors in why zone based programs become unsuccessful
[37:16] What is the Opportunity Zone program?
[40:23] Will Opportunity Zones exacerbate gentrification?
Website:
www.Lighthouse.one
www.JasonHartman.com/Properties
Today's Flash Back Friday comes from Episode 983, originally published in April 2018.
Jason Hartman takes a victorious look at a recent Wall Street Journal story declaring that more people are viewing renting as a long-term solution to their housing situation. That is FANTASTIC news for landlords, and will put the upward pressure on rent that every investor wants. Jason also gives a few travel hacks for going on a trip to multiple climates, and includes another market profile from producer Adam, this time on the Indianapolis market.
Key Takeaways:
[2:25] The next decade of being a landlord is going to be amazing
[7:05] More and more people are seeing renting as a long term housing solution
[10:56] Jason's travel hacking tips for going on a multi-dimensional weather trip
[14:57] Indianapolis Market Profile
Website:
www.JasonHartman.com
Jason Hartman and Rabbi Evan Moffic start off today's show discussing the major issue of senior housing. It's quite possible that it's been overbuilt and Jason and Evan discuss how you as an investor can take advantage of the aging at home trend.
Then we have a second part of Jason's extended interview with Ali Wolf, Director of Economic Research at Meyers Research, LLC., about wage growth, inflation, home appreciation and why interest rates have created some of the bubble that we find ourselves in.
Key Takeaways:
[4:27] Senior housing may have been way overbuilt
[10:45] One of the biggest miscalculations with senior housing was that they thought 65 would remain "old"
[13:04] The way to take advantage, as an investor, of the increase in elderly people staying in homes then make sure you're including single story properties in your portfolio
[18:41] Jason's prediction on the future of Uber/Lyft/etc drivers
Ali Wolf Interview:
[20:26] Collective wage growth since 2015 is 13%, but inflation and home prices have gone up 25%, causing a widening gap
[24:51] Appreciation has slowed in most markets to the 2-3% range
[29:16] The only 2 markets that have seen have a lot of growth in sales in the past 2 years are Indianapolis and Phoenix
[32:01] Ali thinks the next downturn could be caused by a "Fed Induced Bubble"
Website:
www.MeyersResearchLLC.com
www.JasonHartman.com/Properties
Jason Hartman talks with Brian Beaulieu, author of Prosperity in the Age of Decline and CEO of ITR Economics, about what's really going on in our economy right now. It's not as doom and gloom as some people have made it out to be, and it wasn't so a few years back. Brian explains what indicators you should really be paying attention to and what's coming up in 2020 as well.
Key Takeaways:
[3:45] We have a duty to hold people accountable and not accept bad behavior
[5:11] Big happenings with the NAR that's going to change the market
[10:37] A testimonial that didn't seem like one to start
Brian Beaulieu Interview:
[15:52] What is the next cycle going to be?
[19:05] The G7 leading indicator is something you should be watching
[23:34] The peculiarity of the trade tariffs that have been imposed
[26:44] Globalization is under severe negative pressure
Website:
www.ITREconomics.com
You've been hearing for a while about how Jason's not a huge fan of Opportunity Zones, worried that they're overhyped. Well, today Jason Hartman talks with Eric Willett, Vice President at RCLCO, about what aspects of Opportunity Zones might be superfluous and how the real estate industry is reacting to the investment opportunity.
Key Takeaways:
[5:53] We still have no idea the impact/ramifications of Opportunity Zones, but we're already seeing gentrification coming from it
[9:15] One of the big criticisms about Opportunity Zones is that many of them no longer need the designation due to investments that have already occurred
[13:09] The unintended consequences of Opportunity Zones
[17:27] How the gentrification index works
[22:57] The current state of multifamily housing
Website:
www.JasonHartman.com/Properties
www.RCLCO.com
On this Veterans Day, Jason Hartman and Adam start today's episode discussing the history of the holiday, the 30th anniversary of the fall of the Berlin Wall, and, most important to real estate, the importance of due diligence (and the importance of questioning your own due diligence).
Then Jason talks with Patrick Boyaggi, CEO and co-founder of Own Up. Patrick and his company have a new mortgage model that can avoid hard credit inquiries that might aid investors looking for a loan but worried about their credit score.
Key Takeaways:
[5:50] Jason's previous experiences at the Berlin Wall
[11:16] Advice on what to do after you do your due diligence on a property
[17:11] Near death experience and a criminals attempt to exploit it
Patrick Boyaggi Interview:
[21:46] Can rates stay low?
[26:24] Using Patrick's mortgage product doesn't give your credit a hard hit, how do they manage that?
[30:59] The impact of soft inquiries on your credit score
Website:
www.JasonHartman.com/Properties
www.OwnUp.com
Today's Flash Back Friday comes from Episode 913, originally published in November 2017.
Jason Hartman starts off the show talking with Elisabeth Embry about how she makes her 5-year plans, and why it's important.
Then, Jason continues his conversation with former Congressman Dr. Ron Paul. The two finish up their talk by looking at why the government thinks they're the best option for many aspects in our lives, what would happen if the government got out of the way and prices reverted to normal rather than the distorted view we're getting today, and why we shouldn't expect to see inflation curbed in the near future (or ever more likely).
Key Takeaways:
[4:13] How Elisabeth, and her husband, take the time to put pen to paper and come up with their 5-year plan
[7:15] We tend to not put much emotion into our investing victories, which can make us only remember the negatives
[10:46] Planning your journey using the Amazon Press Release method
[14:37] Take stock of your resources, you probably have more than you realize
Ron Paul Interview, Part 2:
[18:50] What business is it of the government to involve themselves in so many aspects of our lives?
[21:11] Many governmental programs have distorted markets like student loans and housing markets
[25:28] Distorted prices and manipulating the currency and tax codes makes people worry about gaining the best tax advantage rather than getting the highest return or providing the most value
[28:42] Inflation, from the government and central bank point of view, seems to be a great business plan
Websites:
www.RonPaulLibertyReport.com
Before launching into his off-topic 10th episode show, Jason Hartman takes a minute to discuss a topic of real estate interest: the lack of homes available to homebuyers with a price point below $250,000.
Then Jason talks with Sharyl Attkisson, host of Sinclair Sundays, former CBS anchor and author of Stonewalled: My Fight for Truth Against the Forces of Obstruction, Intimidation, and Harassment in Obama's Washington, about today's atmosphere of fake news, online bullying and defamation, and how we can possibly combat them.
Key Takeaways:
[4:17] Homes below 250k are starting to become extinct
Sharyl Attkisson Interview:
[9:50] With just a few Twitter accounts, smear operators can start an entire movement
[14:32] How do we reconcile a free but credible press when there are so many anonymous sources today?
[20:44] Journalists use to keep their political opinions to themselves, but now they're almost rewarded for it
[25:51] What should we make of the big tech companies censorship?
Website:
www.SharylAttkisson.com
www.GAB.com
www.FullMeasure.news
Jason Hartman reiterates the importance of Commandment #3 to start off today's episode: Thou Shalt Maintain Control!!! At his mastermind event he was pitched a syndication deal that reminded him how you can invest in deals that could make money but still come out behind when you compare it to other possibilites.
While discussing investing in funds/syndications, he also delves into the principal of character vs personality. When you're investing, it's important to look past most of the personality and focus on character or you could end up looking at a horrible result.
Key Takeaways:
[4:37] A syndication deal Jason recently was pitched
[7:01] You shouldn't be happy just because you made some money.
[9:50] The Personality Ethic vs the Character Ethic
[18:35] Is California a 3rd World State?
[24:13] Why you should care about California's demise even if you don't live in that state or even country
[32:14] The people in charge are distracting us so they can do what they want behind the scenes
Website:
www.JasonHartman.com/Ask
www.JasonHartman.com/Properties
Jason Hartman starts today's show discussing the importance of finding a group that brings out the best you possible. Sometimes that can cost a lot of money, sometimes it doesn't. Then Jason explores another story that illustrates the importance of Commandment #3.
Then Jason talks with Ali Wolf, Director of Economic Research at Meyers Research, LLC. Ali and Jason explore which indicators are important and which ones are just smoke and mirrors when you're examining housing markets and markets in general. No surprise, some of the big ones you hear about in the news aren't the most helpful.
Key Takeaways:
[4:24] The value of a network
[6:44] Jason's gotten back into Tabatta Pro
[10:15] Under Armour is coming under investigation
Ali Wolf Interview:
[17:30] What indicators you should pay attention to and which you should ignore as an investor
[20:19] Wages in the US are going up, but wage growth minus inflation still doesn't give people a big enough raise to keep up
[24:58] Even with the bad things that are happening we're still in positive growth
Websites:
www.MeyersResearchLLC.com
www.JasonHartman.com/Properties
Jason Hartman and Investment Counselor Doug take a look at the danger of manias, especially when it comes to investing in startup companies (like WeWork). It's easy to get caught up in rising valuations and the like, but it's also easy to lose a whole lot doing so.
Jason and Doug then discuss the Wealth Simulation exercise that was held at Profits in Paradise, including lessons learned about the method of building your portfolio that will set you up for the greatest wealth.
Key Takeaways:
[4:22] WeWork is a great example of why you should follow Commandment 21: Thou Shalt Avoid Manias
[9:17] Don't fall for the company line of how they're going to change the world. Voluntary exchange with a company changes the world on its own
[12:24] Don't be fooled by the resume or the amount of money that's being pumped into a company when making investment decisions
[13:57] Blogcast: Housing vs Shelter
[21:22] How the Wealth Simulation exercise worked
[25:23] One of the top strategies in the wealth simulation game was a mixture of linear and hybrid markets so you could take advantage of cash flow and appreciation
[31:35] You don't have to have too many properties before you're at the point where you're dealing with the law of large numbers
Website:
www.JasonHartman.com/Properties
Today's Flash Back Friday comes from Episode 912, originally published in November 2017.
Jason Hartman kicks off today's episode with a look at Daren Blomquist's latest Housing Report and breaks it down piece by piece. He examines the data about a long-time low in housing starts, a construction worker shortage, and an investors lament.
Then, Jason introduces his guest, and Meet the Masters headline speaker, former Senator Dr. Ron Paul. The two examine what liberty really means, what governments role actually is, the damage our educational system is doing to our society, and what should be done with the federal income tax. Part 2 of Dr. Ron Paul's interview will be aired on Wednesday.
Key Takeaways:
[3:50] Daren Blomquist, with ATTOM Data, has released his lastest Housing Report that examines the topic of bubble markets
[8:16] The construction void: lowest home starts since 1964
[13:16] The idea of a bubble warning
[17:04] When Jason didn't buy mobile home parks, an investors lament
[20:18] A huge labor shortage in the construction industry
[22:05] Don't forget to make your 5 year plan
Ron Paul Interview:
[24:01] What is the meaning of liberty, according to Ron Paul?
[28:50] How do you draw the line about what the government should be involved in?
[32:20] Ron Paul's liberty amendment to end income tax
[35:58] Progressive education has harmed our nation
Websites:
www.RonPaulLibertyReport.com
Jason Hartman talks rent control today, both in his intro discussing the upcoming deadline for California's state wide rent control, and with Paul J Massey, former mayorial candidate for New York City and CEO of B6 Real Estate Advisors, as the two discuss the impact rent control is having on the real estate market in New York City. Cap rates aren't terrible for multifamily at the moment, but nobody knows what the future of their property is, so it's holding things back quite a bit.
Key Takeaways:
[3:19] LA City Council recently decided that landlords are required to let current tenants renew their lease
[11:22] US housing affordability woes causing migrations
Paul Massey Interview:
[18:24] Luxury homes and condominiums have been overbuilt in New York City
[21:31] What are the reasons rent control is being done?
[25:14] Paul's real estate journey in New York City
[27:26] Cap rates available in New York City
Website:
www.JasonHartman.com/Properties
www.B6RealEstate.com
Jason Hartman and Adam begin today's show discussing Jason's first car and how he recently adjusted the price of his old cars to inflation. They also discuss what's going to happen to McMansions with the new generations coming and the impact of declining HELOC activity.
Then Jason finishes his talk with Jeff Fromm, the Millennial Marketing Guy, about Gen Z & Y. While the two generations are close in age, they are incredibly different when it comes to advertising and habits, so it's crucial that you understand the difference in the two.
Key Takeaways:
[3:57] Adjusting things for inflation makes a world of difference when comparing
[7:46] The generation that's willing to give up the most to buy a home is Gen Z
[10:48] McMansions and Millennials
[14:03] HELOC activity being lower is a good thing for housing market stability
[17:36] The importance of skin in the game
Jeff Fromm, Part 2
[18:33] Gen Z and Y both like to be involved with companies that support their causes, but there are some differences
[22:42] Will the Millennials and Gen Zers have interest in the McMansions that were built?
Website:
www.JasonHartman.com/Properties
Jason Hartman starts today's episode discussing improved home purchasing power for consumers. Shifts in median mortgage payments has created opportunities for buyers and investors.
Then we have the first part of Jason's talk with Jeff Fromm, the Millennial Marketing Guy, about the differences between Gen Y and Gen Z. While the two generations are close in age, they are incredibly different when it comes to advertising and habits, so it's crucial that you understand the difference in the two.
Key Takeaways:
[4:24] The coming McMansion issue
[7:06] One of the High 5 metrics Jason looks at is the median mortgage payment
[11:35] Home prices are actually 42% below their 2006 peak when factoring in consumer house buying power
Jeff Fromm Interview, Part 1:
[20:35] Gen Z are NOT Millennials to the 2nd degree. They're more like Gen X
[24:07] Some of the big differences between Gen Y and Gen Z
Website:
www.JasonHartman.com/Properties
www.JeffFromm.com
From poolside at their luxurious resort in Orlando, Jason and his mom take a look back at the weekend to examine what all they learned during Profits in Paradise. The two discuss the high quality of construction being done by the team in Florida, what they learned about their real estate business and takeaways from the Wealth Simulation game Doug ran.
Key Takeaways:
[5:20] The tools we have available for our real estate business can make us a lot more money than we could otherwise
[8:36] Jason's mom absolutely loved the single family new construction first impression during the Friday property tour
[14:11] James Malinchak's speeches reminded Jason's mom that you can often learn more things from your failures than successes
[18:37] As real estate investors we're running Invisible Organizations
[21:48] Mitch Russo's girlfriends letter to Jason about Profits in Paradise
Website:
www.JasonHartman.com/Properties
Today's Flash Back Friday comes from Episode 948, originally published in January 2018.
Jason Hartman finishes up his conversation about asset protection with Garrett Sutton. The two delve into the external threats to your portfolios this time, looking at how to properly protect your properties if lawsuits come toward you.
Garrett also explains when you would want to take an LLC over a corporation, what states are best for protecting you, what actions are being taken to weaken LLCs across the nation, and why doing more than the law stipulates can be a very good, very easy thing.
Key Takeaways:
[2:38] Photos from Meet the Masters are up at www.JasonHartman.com/Photos
Garrett Sutton Interview:
[7:31] Two areas where Jason sees real estate creating liabilities for the owner: fair housing and safety
[11:47] The external threat is the biggest threat for your assets
[13:47] Breaking down Slide #6
[17:54] What you need when you domesticate a judgement
[20:02] It's a good idea to have yearly meetings for your LLC even if your state doesn't require it
[22:13] States that have good asset protection for LLCs and corporations
[24:21] Why an LLC over a Corporation
[27:59] Some states are not providing asset protection for single member LLCs
[31:59] Garrett's $100 off deal for Jason's listeners
Website:
Get Garrett Sutton’s Slides here
www.JasonHartman.com/Properties
www.CorporateDirect.com
In this off-topic 10th episode, Jason Hartman spends some time analyzing the power of the brain and what our brain does to protect ourselves and allow us to function in our day to day life. He also lays down a challenge for all listeners in order to figure out what's important to us all.
Then Jason talks with Lawrence Susskind, Ford Professor of Environmental & Urban Planning at MIT and Vice-Chair of the Program on Negotiation at Harvard Law School and author of Entrepreneurial Negotiation: Understanding and Managing The Relationships That Determine Your Entrepreneurial Success, about what urban development means in today's age and ideas coming up that can help alleviate many of our city's difficulties.
Key Takeaways:
[4:25] Always be trying to strengthen your attention muscle
[7:15] Our brains are phenomenal at denying we're going to die, which allows us to function
[19:20] What if we embraced life and brought our A game every day rather than thinking death was some thing way off we don't need to worry about?
Lawrence Susskind Interview:
[24:05] The art of urban planning and its changing nature
[27:06] Cities are going through a process of change and we're likely to see big cities continuing to spread rather than becoming denser
[36:47] The single most important thing to becoming a better negotiator
[41:49] You need to know the other party's options so that you can know where you stand in negotiations
[50:10] We need to stop thinking that text based communication can be a way to run a business
Website:
www.EntrepreneurialNegotiation.com
www.JasonHartman.com/Properties
Jason Hartman and Adam come together to discuss an article from the Drudge Report about the big cities losing workers by the hundreds, as well as a Business Insider article looking at the number of Millennial Millaires and where they're located around the country. Jason and Adam explore what these trends and stats mean to real estate values and what real estate investors can do with that information. Plus, Jason brings an unbelievable property to the show for you, what's the catch???
Key Takeaways:
[2:55] Big name cities are losing people in the 150-300 per day range
[6:39] A mass exodus to rural areas needs companies to embrace 100% remote working at a higher level
[10:19] A property comparison
[17:55] Don't just pay things because someone sends you an invoice. Make sure it's legitimate and the best price possible
[24:49] Where are the Millennial Millionaires and what's their wealth worth?
Website:
www.JasonHartmanLive.com
www.JasonHartman.com/Properties
Drudge Report: Biggest Cities Losing Workers
Business Insider: Top 10 States Where Millennial Millionaires Live
Today Jason Hartman examines Chapter 17 of Charles Murray's book, Coming Apart, and explores why it's so important that we face struggles and adversity in our life. Working for things and fighting battles is what makes things worth living, what keeps life interesting. Being handed things doesn't make life better, it makes it boring.
Key Takeaways:
[3:51] The challenges and struggles we experience aren't bad, they're good
[12:31] If you want to build a great real estate portfolio, climb the corporate ladder, anything, you need to fight some battles
[15:56] Some recommended authors for your education
[20:10] People have compared the US to the Roman Empire, and it's important to remember that Rome collapsed from within
[27:06] Not having to work for things makes life boring and can tear you apart
[32:49] The more we rely on the government the worse our life gets
Website:
www.JasonHartman.com
Jason Hartman and Adam begin today's episode discussing the topic of the graying of America, and what the increasing demographic of people over the age of 80 means to real estate investors.
Then Jason talks with Daniel Ameduri, co-founder of Future Money Trends newsletter and author of Don't Save For Retirement: A Millennial's Guide to Financial Freedom, about how the working environment has changed from the Baby Boomers to Millennials and how the Millennial generation need to change their mindset about retirement in order to not be left behind when they're ready to leave the rat race.
Key Takeaways:
[5:52] How a cruise ship is a metaphor for life
[9:55] 18 million adults in the US will be in their 80s in the next decade
[12:23] The cost of construction could drive the elderly out of their homes if they need to renovate for their lifestyle
Daniel Ameduri Interview:
[18:55] What does Daniel mean when he tells people not to save for retirement???
[23:09] Beware financial advisers, there's more education required to be a hair stylist
[27:52] Millennials should embrace the freelance economy
[32:10] Daniel is seeing boom time for the next year
Website:
www.JasonHartmanLive.com
www.FutureMoneyTrends.com/Save
Today's Flash Back Friday comes from Episode 947, originally published in January 2018.
Jason Hartman wanted to make sure that the practice of asset protection is understood by every investor, because it can make or break your portfolio if done wrong.
As such, he invited Rich Dad Advisor Garrett Sutton back on the show for a long, in-depth interview. We'll finish it up tomorrow with the second half, but today the two discuss the inside/outside attack on LLCs, discuss which states have weak and strong LLC protections, and how to protect your properties properly.
Key Takeaways:
[4:26] The impact of controlling the money
[7:58] How music has impacted societies around the world
[10:43] Want to go to the Icehotel in Sweden with Jason?
[13:11] The inside attack versus the outside attack
[16:54] California has the weakest asset protection laws in the union
[19:00] Why Wyoming LLCs can protect your other LLCs better than any other state
[23:34] If you have your state LLC inside a Wyoming LLC domesticated in your state, which state rules apply?
[25:44] Why is it called an "Armor 8" strategy and when is it a good choice?
[30:37] How the Wyoming LLC provided a win for a car wreck causer
Website:
Get Garrett Sutton's Slides here
Jason Hartman talks with client Sean Carroll about the journey he's had with real estate. From starting out as an agent in New York before the Great Recession to losing every penny he had, Sean now has a portfolio of properties that is allowing him to be in the career he wants to be in. Jason and Sean explore Sean's best and worst decisions in order to help you stay on a safe, profitable path.
Key Takeaways:
[4:04] How Sean lost BIG during the Great Recession
[8:53] The deal that truly put Sean under
[13:49] The system is set up to create asset inflation
[16:24] The owner of a home Sean sold in 2006 is still $70,000 underwater
[21:26] Stop calling things problems and start calling them challenges
[25:35] Apps, tools, tips Sean has for investors
Website:
www.JasonHartmanLive.com
www.JasonHartman.com/Properties
From St. John, New Brunswick, Canada, Jason Hartman looks at 2 news articles that should make real estate investors pretty happy. They're about how even high earners aren't able to buy homes right now (giving us a bigger renter pool to serve) and how the refinance market has skyrocketed and how you can take advantage of it.
Then Jason talks with Andres Pira, CEO of Blue Horizon Developments, Managing Director of Phuket Condos & Homes and author of the book Homeless to Billionaire – The 18 Principles of Wealth Attraction and Creating Unlimited Opportunity, about his journey through real estate investing and how he reached this point in his career. Andres explains the importance of giving before expecting and how that will help you succeed in business and life.
Key Takeaways:
[5:03] People making $100,000 a year still can't buy homes in many American cities
[9:16] Refinancing is up 300% due to low interest rates
Andres Pira Interview:
[13:29] Andres' path through the real estate world
[17:48] You have to take risks in life, so just make sure you consider the worst case scenario and whether you can bounce back from it
[21:21] Vibrational giving: give out first, then good things will come later
[26:31] Stop trying to win deals and make them win-win
Website:
www.JasonHartmanLive.com
www.AndresPira.com
Jason Hartman, from just outside the shores of Boston, takes a dive into the extent to which the idea of fiat currency has spread throughout the country's conscience in the past few years. Several years ago you wouldn't have heard a peep about it, but with the rise of cryptocurrency it's become more and more prevalent. He also explores Orlando's position in the rental market and how long properties are staying on the market.
Then we go to a clip from the 2018 Meet the Masters of Income Property, where Jason discusses how his prediction of 6 million new renters came more than true.
Key Takeaways:
[4:23] Fiat money is becoming more and more understood by society at large
[9:39] Money is moving out of stocks in the largest quantity in the last decade
2018 Meet the Masters:
[18:00] The belief that the decline in home ownership rate is a tragedy for society is unfounded
[24:20] Eventually Millennials will start inheriting money and that will impact the housing market
Website:
www.JasonHartmanLive.com
www.JasonHartman.com/Properties
From the Fall Foliage cruise, Jason Hartman begins today's show discussing what we don't see when we look at successful people. We don't see the struggles they've dealt with on the way to the success we now see.
Then Jason talks with Spencer Burleigh, co-founder of www.RentTheBackyard.com. Spencer's company will build a unit on your land, list it online and split the rental profits with you 50/50 as long as you have an area at least 25' by 20' clear and you live in your home most of the year. Listen in as Jason and Spencer discuss the business model and how you can take advantage of it.
Key Takeaways:
[6:49] Anybody who is successful, we either don't realize or we forget that their success, but they've fought battles all the way
[13:10] A Nelson Mandela quote that you need to remember
Spencer Burleigh Interview:
[15:35] What problem is Rent the Backyard addressing?
[20:30] Rent the Backyard is able to create a second dwelling on the property without getting the land rezoned
[25:06] The stigma behind manufactured housing needs to go away, but it also needs to get cheaper
[28:38] The income side of Rent the Backyard's business model
Website:
www.RentTheBackyard.com
Today's Flash Back Friday comes from Episode 1019, originally published in June 2018.
Jason Hartman has a solo episode today as he explores some recent news stories and examines a few items of the day. Venturing all over the topics, Jason mulls over why it's pretty common for the most popular economists to have the worst economic ideas (a la Karl Marx) and why the best economic ideas have the most disliked economists. Which leads to the question, what stupid ideas are we as a society embracing today?
He also discusses the Supreme Court ruling that will somewhat level the field of retail as online retailers are now able to be taxed by the states, giving at least some form of a light at the end of the tunnel for retailers.
Other topics of the day include the cost of terrorist protection, technology vs inflation, preventing identity theft, and the potential beginning of the demise of a massively overvalued (in Jason's mind) company.
Key Takeaways:
[4:54] The economists who present the best economic views are not the most popular
[7:39] What totally stupid ideas are we embracing as a society today?
[13:08] One massively overvalued publicly traded company today
[16:39] The tax field was significantly leveled last week
[21:14] The battling forces of inflation and technology
[24:22] Why you need to shred EVERYTHING with a cross cut shredder
[26:45] If you can geoarbitrage, make a conscious choice to live in a higher quality location with a lower cost of living and low or no state income tax
[32:57] The demographics coming at the rental housing market in the next 10 years are nothing short of phenomenal
Website:
www.JasonHartman.com/Properties
Jason Hartman begins today's show discussing some potential signs that inflation isn't currently a problem, his recent settlement he received from a landlord and what you can expect from business deals in today's environment.
Then, for our off-topic 10th show interview, Jason talks with Graham Hancock, author of the new book America Before: The Key to Earth's Lost Civilization, as well as the best selling book Fingerprints of the Gods: The Evidence for Earth's Lost Civilization, about why the Americas were probably settled long before we originally thought they were. The two also delve into the idea that past civilizations were much more advanced technologically than we give them credit for, their technology was just different from ours so we tend to discount it.
Key Takeaways:
[4:28] The Producer Price Index has fallen, which suggests inflation is tame
[11:12] When you get in a business deal, don't expect to be able to hold people accountable through the system
Graham Hancock Interview:
[19:15] A massive cataclysm struck the earth between 12,800 - 11,600 years ago
[22:38] It's distinctly possible that the lost civilization was advanced technologically, just in a different way than we currently are
[25:21] The Great Pyramid shows us that whoever built it had a complete knowledge of the size and nature of the Earth
[28:48] The problem with American archaeologists' Clovis First model
[33:45] It's human nature to not want to admit you were wrong, but in the end the evidence will force people to accept new theories that are shown to be correct
Website:
www.JasonHartmanLive.com
www.GrahamHancock.com
Jason Hartman discusses something he has talked about many times today, and that is the value of a dollar. To do so he breaks down a YouTube video by the Wall Street Journal that discusses inflation and what scares the Fed when it comes to it. Then Jason and Investment Counselor Carrie discuss her recent mini-property tour with investors and the upcoming property tour in Florida the day before Profits in Paradise.
Key Takeaways:
[4:37] Is capital or labor more important
[7:47] Low inflation or even deflation can have disasterous consequences
[12:59] When rates are low, more people take out credit, and credit is a phantom version of money supply
[17:32] Inflation arbitrage can't last forever
Jason & Carrie:
[23:43] How Carrie's mini-property tour went
[26:50] The Refi Til Ya Die plan in today's market
[31:15] We're in an environment where you can just ask your lender for a better interest rate and it can work without a refinance
[32:27] Inventory is finally starting to pick up
Website:
www.JasonHartmanLive.com
www.JasonHartman.com/Properties
Low Inflation Haunts the Fed: Here's Why | WSJ
Jason Hartman and Investment Counselor Adam take today's episode to examine a real estate scam that is finally being investigated by the FTC that has been used to defraud untold number of people out of tens of thousands of dollars each. These criminals might finally be held accountable. After that Jason and Adam examine Dan Ariely's YouTube video about how to make money less abstract and why the idea of paying yourself first is so important. They then wrap up the episode with some great economic news for our tenants that neither side of the political aisle is talking about.
Key Takeaways:
[4:07] The FTC is examining alleged scams with TV stars from shows about flipping
[9:33] Be wary of free events
[13:20] How to compare your money
[16:22] Create your own hedonic values when it comes to your money
[18:18] Pay yourself first is an important concept for our lives
[20:55] The Pain of Paying concept
[27:40] The wage growth story that neither political party wants to take credit for
[31:27] The theory of anti-fragility
Website:
www.JasonHartmanLive.com
www.JasonHartman.com/Properties
Dan Ariely's Making Money Less Abstract
Jason Hartman and Investment Counselor Sara talk about some of the issues that clients are dealing with and considering in today's episode. With rates as low as they've been in years and the ability to refinance or get a line of credit at reasonable rates, what is an investor to do?
Key Takeaways:
[3:40] Non-refi interest rate reductions are happening, so don't be afraid to ask
[7:31] Refi a 30 year fixed rate or do a HELOC?
[12:17] A look back at "Go Zones" and what some of the problems were
[21:35] The current investor vibe
Website:
www.JasonHartmanLive.com
www.JasonHartman.com/Properties
Jason Hartman joins Investment Counselor Sara and one of the Florida market specialists to discuss the upcoming Profits in Paradise event and the Florida property tour the Friday before the event. Prior to the Great Recession, the network dealt exclusively with new construction. Now it's a rarity, but Florida (and Atlanta) is able to provide that right now. New construction allows for win-win-win situations between investors, developers, and tenants.
Website:
www.JasonHartmanLive.com
Today's Flash Back Friday comes from Episode 995, originally published in May 2018.
Today's episode is another in property management education. It's crucial that you identify the weak link in all your investments, as well as figuring out a safeguard against them. When it comes to your real estate investing, it's quite possible that your weak link is your property manager.
After his intro, Jason Hartman has part 1 of a client case study with Muthiah where the two discuss an incident Muthiah recently had with a vendor, and what actions you can take when you're being wronged.
Key Takeaways:
[5:25] Cutting out the middle men - property managers
[9:08] One of the best decisions Jason made when he got into the nationwide real estate business 14 years ago
[13:09] Looking for the weakest link in your investments
[17:30] Jason's been accused of being a complainer, but is that such a bad thing? Complainers change the world
Muthiah Client Case Study:
[22:27] What happened to Muthiah that created tension with the seller
[24:55] If the seller wants to close before the repairs are completed, the only way you accept is if they have money held in escrow in case they don't do what they promised
[28:00] The two ends of the company spectrum
[30:51] What Jason wants you to negotiate with your property management contract
[34:52] The inherent conflict of interest with property managers
Website:
www.JasonHartman.com/Events
Jason Hartman and investment counselor Adam take a look at some good news in today's economy. Home prices are expected to continue, mortgages are safer than ever, and jobs are increasing for all. They also look at some not so good news, from foreign money leaving the economy to the high income tax state apocalypse.
Key Takeaways:
[2:56] CoreLogic expects home price gains to accelerate through 2020 and mortgage rates are expected to stay below 4%
[7:53] Mortgage default risk continues to decrease
[11:43] Inflation in entertainment has been enormous, watch out for how pooled money asset companies use their money to pay for it
[17:10] The high income tax state apocalypse is underway
[21:23] Foreign money has helped push out middle class people
[27:02] Some great news on jobs
Website:
www.JasonHartmanLive.com
Jason Hartman wants to remind everyone to slow down and notice the things around you in life. Before getting to the main interview, Jason reflects on a country song he almost didn't listen to this morning and how it made him do a little introspection.
Then Jason talks with Hernando De Soto, founder and President of the Institute for Liberty and Democracy and author of The Mystery of Capital:, about the elements of capitalism that are most important and how property rights are absolutely essential. They also discuss the growing sentiment toward socialism in the United States and what impact that could have.
Key Takeaways:
[6:12] Jason's lesson from a country song
[9:42] There will be an offering for tickets to the property tour on Friday before Profits in Paradise if you can only make that
Hernando de Soto Interview:
[12:56] The 5 mysteries of capital
[17:35] Capitalism is one of the few (if not only) systems that gives the lower classes a chance against the rich
[23:37] What we do as capitalists does not translate to what we do in politics
[28:11] The issue of equal opportunity for capital has to be addressed for capitalism to regain its popularity
Website:
www.ILD.org.pe
www.JasonHartmanLive.com
Jason Hartman and Thomas the Economist take today to discuss a different view on Inflation Induced Debt Destruction. Jason and Thomas dig in to some stats from Shadow Stats that show what is, potentially, the real rate of inflation, and it's VASTLY different from the numbers the government puts out for public consumption.
Key Takeaways:
[6:44] Jason's latest book recommendations
[7:55] One huge benefit we get as real estate investors is optionality
Thomas Interview:
[13:20] Things aren't always as they seem when you look at the real numbers
[16:03] Interest rates and mortgage payments
[22:22] Houses today are barely any more expensive today than they were in 1989 based on adjusted numbers
[28:34] Substitution could be useful for inflation, but the government tends to abuse it to keep the numbers where they want
[32:34] How to get your after inflation and tax effective interest rate
Website:
www.JasonHartman.com/Properties
Jason Hartman talks with Adam about the definition of a recession and what impact globalization may (or may not) have on the future of recessions. They also explore how the United States reacts to trade situations and what impact that has on markets such as the ones we invest in.
Key Takeaways:
[2:55] With a recession potentially looming, you need to stress test your portfolio, which is something we'll be doing at Profits in Paradise
[8:09] Some of the old recession indicators aren't as reliable anymore because causes of GDP have shifted over the years
[10:48] A strong manufacturing base makes local economies take much longer to shift
[16:08] Why do they say that de-globalization could lead to more recessions
[19:40] It's important to look at states the same way we do countries to see which states are the friendliest to businesses
[24:41] The hidden benefits of self-management
[27:13] This year's wealth simulation will really delve into how Refi Til Ya Die really works
[26:00] The hidden benefits of self-management
[28:32] This year's wealth simulation will really delve into how Refi Til Ya Die really works
[32:54] A Baltimore, MD property available
Website:
www.JasonHartmanLive.com
www.JasonHartman.com/Properties
Today focuses on Commandment #13: Thou Shalt Understand the Theory of Relativity As It Applies to Real Estate Investing.
Visualization is an immensely powerful thing. What the mind can conceive and believe, the mind can achieve.
Because of the power of visualization, Jason went and found an expert who can help real estate investors get in the right mindset and, hopefully, set you on a path to an even better portfolio and life.
Website:
www.JasonHartman.com/Properties
Today's Flash Back Friday comes from Episode 952, originally published in February 2018.
Jason Hartman, his mom, and Drew finish up their long talk about property management practices. This time Drew throws some questions toward Jason's mom about how to walk the line with a tenant while still keeping a good personal relationship with them, tenant retention, and Jason's theory on the pinball effect that can happen when you own enough places in one market.
Key Takeaways:
[2:01] Occassionally you may have difficulty with insurance when you self-manage
[2:56] The riskiest part of self-managing is the tenant turn
[6:34] Join Jason on a trip to Sweden or come to San Jose for the next JHU event
Jason's Mom & Drew Interview:
[9:34] One of the nice things about not being near your investment properties is that you CAN'T go over and meet anybody
[11:56] How to retain tenants, and how to get rid of deadbeats
[14:16] Once you've formed a relationship with a tenant as a self-manager, is it awkward to raise the rent on them or enforce late fees, etc?
[18:38] When do you build the expectation of rent increases into the relationship?
[25:39] Why the hybrid management is the best system, and what to expect from your realtor helping you
[28:15] Do self-management styles change based on the type of neighborhood your property is in?
[31:46] Jason's pinball effect when you have enough properties in one market
Website:
www.JasonHartman.com/Properties
Jason Hartman starts today's show discussing an article that explains how hard new construction starts are hitting various markets. They're down by over 80% in some markets and over 50% in a majority.
Then Jason talks with David Osborn, co-founder of Magnify Capital and best-selling author of Wealth Can't Wait: Avoid the 7 Wealth Traps, Implement the 7 Business Pillars, and Complete a Life Audit Today!, about making the conscious decision to be wealthy and how you can actually follow through on that decision while avoiding common pitfalls. They also discuss how absolutely vital the morning is to your life and how you can win the morning.
Key Takeaways:
[2:44] Home building is down more than 50% since before the Great Recession
[7:32] Chicago only has about 20% of the construction they had before the Great Recession
David Osborn Interview:
[15:40] Being wealthy starts with making a choice
[19:36] The mindset is critical but often overlooked
[23:49] When you become successful you eventually just have to learn to deal with being in lawsuits
[26:58] Do NOT hire someone just because you like them
[33:49] Miracle Morning Millionaires
[35:47] By 11am the world is coming at you and you're in reaction mode
Website:
www.DavidOsborn.com
Jason Hartman and Adamp take a deep dive into what GDP is and some of the plusses and minuses inherent to it. While breaking down a CNBC video explaining GDP they look at whether government spending should be increased, decreased, or left the same, how just because GDP is rising doesn't mean our economy is improving, and much more.
Key Takeaways:
[4:33] What Jason learned from a New York City bus driver
[10:26] The CEO of WeWork has stepped down, who helped show the importance of Commandment #3
[16:06] US GDP is 38% government spending
[21:02] Importance of looking at GDP rates and inflation rates
[26:40] The important relationship between income distribution and GDP
Website:
www.JasonHartmanLive.com
www.JasonHartman.com/Properties
Jason Hartman and Adam start off today's show discussing the impact of Dodd-Frank on the US economy. The massive bill that was quickly pushed through in response to the Great Recession is still being sussed out, and it's possible some parts will never be fully enacted.
Then Jason talks with Richard Rahn, Advisor to former President George HW Bush and Chief Economist of US Chamber of Commerce for Ronald Reagan, about his thoughts on digital currencies and whether they will ever full grab hold in the United States with the power of the government. They also discuss Richard's time in politics and why he left the White House.
Key Takeaways:
[6:50] The world of fakeness
[13:05] Dodd-Frank gave the government the ability to audit loans being given to companies, but the volume of loans makes that virtually impossible to reliably do
[16:12] Credit default swaps and the Great Recession
[18:57] Property profile of a home in Merrillville, IN
Richard Rahn Interview:
[24:01] When Richard started being interested in what would eventually become cryptocurrency
[31:24] The government could target any one of us because most people are committing crimes they don't even know about. But going after encrypted peer-to-peer transactions would be impossible
[35:17] Why does Richard think Bitcoin won't be the answer?
[36:30] Richard's time in the Reagan and Bush administration
Website:
www.JasonHartmanLive.com
www.IGEG.org
Jason Hartman and his client, Rabbi Evan Moffic, are on the road today discussing two different investment philosophies. The first is the fox method, ping ponging between investments and always going for what's the hottest trend. Then there's the hedgehog strategy that has you focus on one thing and do it to the best of your abilities. After dissecting the pros and cons of those strategies it's time to investigate the abundance mentality and what good it can do us all in our lives.
Key Takeaways:
[4:26] The fox strategy vs the hedgehog strategy
[7:28] Fox's at least take action, but hedgehogs stay true to the investment philosophy that they know and understand
[11:53] Evan is branching out a little buying a new construction short-term rental, but he made sure it could still function as a long term rental if trying a new strategy didn't work out
[16:01] It looks like there will be 2 property tours at the upcoming Profits in Paradise
[17:11] Evan will be speaking at Profits in Paradise, discussing happiness and wealth
[21:04] Judaism believes that wealth brings with it a responsibility to give
[24:40] One of the things Evan doesn't like about the FIRE movement
Website:
www.JasonHartmanLive.com
www.JasonHartman.com/Properties
Visualization is an immensely powerful thing. What the mind can conceive and believe, the mind can achieve.
Because of the power of visualization, Jason went and found an expert who can help real estate investors get in the right mindset and, hopefully, set you on a path to an even better portfolio and life.
Today focuses on Commandment #12: Thou Shall Hold Thy Tenants Accountable.
Website:
www.JasonHartman.com/Properties
Today's Flash Back Friday comes from Episode 951, originally published in February 2018.
It's time for Jason Hartman to have a good, old fashioned discussion on property management. This time, however, there are THREE sides at the table.
In one corner is Jason's mom, who is an EXTREME do-it-herself self-manager. In another corner is Drew, who has always been with a property management company and isn't ready to step into the self-management world. And in the final corner is Jason, with his method of a hybrid model.
Listen in as these three discuss concerns, strategies, and tips for property management, no matter which road you decide to go down.
Key Takeaways:
[7:51] The hardest part of Jason's business is property management
[10:16] Drew's properties in Indianapolis were A builds, but after the Great Recession they're in C+ neighborhoods now
[13:05] Jason's hybrid self-management practice
[17:00] Where Jason's mom gets access to running credit reports and everything she needs to do to screen tenants
[21:58] The most important thing you need to communicate to your tenant about rent
[27:52] Property managers have inherent conflicts of interest
[29:48] How Joyce gets her property ready for the next tenant
[32:26] Questioning pricing can frequently lead to dramatic reductions in price
Websites:
www.JasonHartman.com/Photos
www.JasonHartman.com/Events
Jason Hartman and Carrie are happy to present 4 properties that have recently become available that are potentially great deals for your portfolio. Listen in as they break down each property, explaining where they are, what the team is like in that market, and what kind of returns you can get.
Website:
www.JasonHartman.com/Properties
Jason Hartman talks with Peter Wehner, author of Wealth and Justice: The Morality of Democratic Capitalism and Vice President & Senior Fellow at the Ethics & Public Policy Center, about what attacks are currently being done against democratic capitalism and what we can do about them as a society. The two also explore the potential ramifications for capitalism being done by President Trump.
Key Takeaways:
[4:35] Is Democratic Capitalism the most moral system out there?
[7:04] Capitalism correctly accounts for human nature
[10:25] The ideas of Karl Marx have been probably the most consequential in economic history
[13:38] The idea that the government has the moral high ground
[16:55] What does Peter mean with the saying "The death of politics"?
[20:41] Peter's concern about Trump's policies
[28:48] What is The Death of Politics about?
Website:
Ethics & Public Policy Center
Wealth and Justice: The Morality of Democratic Capitalism
Jason Hartman and Adam discuss several issues in today's show. The first one is the news that the average FICO score is at an all time high. This is due to several factors, but the underlying facts about the credit rise show some very good news for our economy. The two also discuss a new credit scoring on the horizon that might help more people get credit and allow those who make strategic defaults able to get loans sooner.
After playing another of the 5 Year Plan videos, Jason and Adam dive into an event in France that shows the creep of what employers are responsible for, as well as a new California law that is aimed at companies that employ freelancers. The two have differing takes on the law, tell us yours!
Key Takeaways:
[4:07] Jason has been researching an investment vehicle that might be better than the 1031 Exchange and he'll discuss it at the upcoming Profits in Paradise
[7:11] Consumer spending seems to be more in line with wages these days
[11:51] They're creating a new way to create credit scores with more data points
[15:39] Credit management isn't just the ability to repay
[19:29] Jeff's 5 Year Plan for retirement
[26:20] How employers are being hampered even more with a ridiculous event in France
[31:48] California's new law about independent contractors could have some big ramifications
[34:15] We need to divorce health care from employment
Website:
www.JasonHartmanLive.com
www.JasonHartman.com/Contest
Jason Hartman starts today's show discussing some good news for real estate investors in the Chicago area, as well as why investors in California should actually be thankful for their current tax situation.
Then Jason talks with Rob Stephens, co-founder of Avalara MyLodgeTax, about whether the short-term rental market is oversupplied and what the impact of institutional investors is doing to the marketplace as a whole. They also discuss some of the tax implications of running short-term rentals.
Key Takeaways:
[1:18] Good news for investors in Chicago
[7:34] Jason put an offer down for a short-term rental property, but make sure you're not violating Commandment #21 to avoid manias
[10:15] Tech companies are playing by different rules, so it's nice to see them being investigated
Rob Stephens Interview:
[13:59] Is the short-term rental market oversupplied?
[17:17] How will short-term rentals hold up in the next economic downturn?
[21:26] What has the increased usage of short-term rentals done to the timeshare market?
[22:43] The way institutional investors are getting involved in short-term rentals
[27:22] Tax compliance
[30:30] How much do room/tourism/hotel taxes differ across the country?
Website:
www.JasonHartman.com/Contest
www.MyLodgeTax.com
Jason Hartman and Adam examine some troubling trends in the real estate market these days. The first is the entire STATE of California, which is about to enact state wide rent control. This would be a massive shift in policy that will lead to other issues. Then there's the affordability issue that's been hampering house across the country for years. Jason and Adam examine what new trends that's causing in our present day.
And finally, don't forget to submit your video for the Empower Investor contest and win tickets to Profits in Paradise!
Key Takeaways:
[5:48] What rent control ACTUALLY does
[8:47] Rent controlled areas always run short on housing because nobody wants to build there because of regulations
[16:37] Adam Frenza's 5 Year Plan
[25:14] How the Trump administration is responding to rent control movements
[27:16] How rent control creates a scenario like runaway inflation, and the road out is a rough one
[29:29] People are starting to realize that affordability is a national problem
[32:39] Rental property is one of the only businesses where people will happily give you 40% of their income
Website:
www.JasonHartman.com/Contest
www.JasonHartman.com/Ask
Visualization is an immensely powerful thing. What the mind can conceive and believe, the mind can achieve.
Because of the power of visualization, Jason went and found an expert who can help real estate investors get in the right mindset and, hopefully, set you on a path to an even better portfolio and life.
Website:
www.JasonHartman.com/Properties
Today's Flash Back Friday comes from Episode 494, originally published in March 2015.
In the introduction portion of the Creating Wealth show, Jason Hartman answers two voicemail questions left by his listeners. He then introduces Richard Vague as his guest for today's show. Richard Vague is one of the few economists who are currently talking about the problems of massive private debt. He is the author of The Next Economic Disaster and talks to Jason about China's economic problem along with some interesting facts and correlations about the US economy.
Key Takeaways:
8:00 – Jason talks about the 6 ways the government can get out of its mess.
11:20 – Jason answers a listener voicemail question.
18:50 – A listener asks about 3D printing a house. Jason shares his thoughts.
24:30 – Jason introduces Richard Vague to the show.
29:15 – Richard talks about China's debt problem.
35:10 – Private debt growth leads to higher interest rates.
38:15 – Richard gets his stats by looking at all consumer and business debt.
42:30 – A lot of economists don't include private debt in their model.
49:00 – What should we do to avoid the next economic disaster? Richard explains.
51:10 – Quick recap, what are the stages of an economic crisis?
Mentioned In This Episode:
The Next Economic Disaster by Richard Vague
www.Debt-Economics.org
Jason Hartman talks with James Malinchak, #1 speaker coach & trainer and former Secret Millionaire on ABC (as well as this year's Profits in Paradise keynote speaker), about his time on the TV show as well as how people can take what they have, get the right mindset, and turn their life into a success. There are a lot of external forces on you in your life, but the response you have to all of them is strictly up to you.
Key Takeaways:
[7:27] James' experience on The Secret Millionaire
[15:36] What are the traits that lead someone who is poor to become successful?
[18:22] In every situation you can either have excuses or results, and excuses don't matter
[22:05] The response you choose to tell yourself after an event is all that really matters
[25:38] What James will be talking about at the upcoming Profits in Paradise
[29:34] It is an absolute necessity to invest in yourself
Website:
www.JasonHartmanLive.com
www.BigMoneySpeaker.com
Jason Hartman talks today about the news he's seen recently while avoiding Hurricane Dorian. That includes problems with pooled assets, taking out the management fees and industries that are taking a turn for the worse that show potential weakness in the real economy.
Then Jason talks with Ellen Brown, author of Banking on the People: Democratizing Money in the Digital Age, about the money supply, specifically as it relates to what we refer to as "Quantitative Easing". Ellen explains how she believes we can solve some of society's woes and why she isn't on board with Modern Monetary Theory.
Key Takeaways:
[3:20] There are more lawsuits being filed over 401k fee abuse
[5:07] How much better would our economy be if insiders stopped skimming off the top?
[8:37] Workers under 35 are saying they're content with their pay
[11:56] The trucking and shipping industry is having some problems
Ellen Brown Interview:
[13:22] Quantitative easing needs to be changed to get money out into the real economy
[21:27] What Ellen means when she talks about "speculative markets"
[24:54] What does this mean for the average person?
[29:04] 80% of the population is carrying debt right now
[33:45] What is keeping Ellen from being a fan of MMT
Website:
www.EllenBrown.com
www.JasonHartman.com/Contest
www.JasonHartman.com/Properties
Jason Hartman and Adam begin the show discussing how half of the potential home buyers are currently throwing in the towel because they can't find a house in their budget. They're getting discouraged and losing hope for the future as well, causing a surge in renters. As an investment property owner, that puts you in a fantastic position.
Then Jason talks with Nely Galan, former president of Telemundo and author of Self-Made: Becoming Empowered, Self-Reliant and Rich In Every Way, about her journey up the corporate ladder and why she got in to investing in commercial properties. Nely took the dramatic step of leaving a solid, promising job in network TV to become employee #1 at a small startup called Telemundo. Nely explains how you can use your early jobs to prepare yourself for your own success and why sacrifice is necessary.
Key Takeaways:
[4:39] Since the Great Recession homebuilders have just ignored investment priced properties
[7:07] One reason why Jason doesn't like owning a primary residence
[11:31] The number of adults who think they'll buy a home in the next year has dropped from 24% to 12% since the start of 2018
Nely Galan Interview:
[14:44] Make mistakes on other people's dime so you can succeed when you go out on your own
[19:34] Being employee #1 can be worth it
[21:09] Every job you do teaches you something that eventually leads to mastery
[24:07] Why Nely wrote Self Made
[27:59] You have to be willing to sacrifice something to get something better
Website:
www.JasonHartman.com/Contest
www.BecomingSelfMade.com
Jason Hartman and Adam start today's show with some more details about the exciting (and potentially very lucrative) contest that's going on called The Empowered Investor. You could potentially win a $3,000 cruise allowance and 2 tickets to Profits in Paradise!
Then Jason plays a clip from Frank Gallinelli where Frank explores two things that real estate investors need to understand, even if you don't use them every day: Net Operating Income and Capitalization Rates.
Finally Jason talks with Ray Hespen, co-founder and CEO of Property Meld, about how property owners can proactively close the problem areas that tenants and landlords have in order to retain the tenants longer. Learn how tenants like to be contacted in today's age, why they leave, and how Ray's software may be able to help you.
Key Takeaways:
[2:46] How to enter the Empowered Investor challenge and win free tickets to Profits in Paradise
[5:55] Deadline for submissions is midnight EST, Monday September 23, 2019
[7:35] Frank Gallinelli presentation on Net Operating Income and Capitalization Rates
Ray Hespen Interview:
[21:33] What issues does Property Meld address to help the tenant?
[23:27] Around 1/3 of all non-renewals are due to poor maintenance experiences
[29:02] The strongest correlation between maintenance requests and renewals is speed, hands down
[31:35] Renters nowadays want to be texted, not called
Website:
www.JasonHartman.com/Contest
www.PropertyMeld.com
www.RealData.com
Visualization is an immensely powerful thing. What the mind can conceive and believe, the mind can achieve.
Because of the power of visualization, Jason went and found an expert who can help real estate investors get in the right mindset and, hopefully, set you on a path to an even better portfolio and life.
Today's guided visualization journey takes us back to the very first week.
Website:
www.JasonHartman.com/Properties
Today's Flash Back Friday comes from Episode 837, originally published in May 2017.
This episode is very telling about the current and future state of the current US economy. Jason welcomes Tempo Funding Managing Director Mike Zlotnik to the show to discuss the what factors gave rise to and will ultimately tank the economy. As listeners to this program, you know real estate is the best class to hedge against inflation but if you also invest with institutional investors it may be time to fold your hand and become your own decision maker.
Key Takeaways:
[03:30] Yield rate and Cap rate compression defined.
[08:01] After the 2008 crash the deal flow was abundant.
[10:04] Institutional investors get rewarded for deploying capital, not finding the best deal.
[15:04] Inflation is here and markets are softening.
[20:44] Stagflation is a bizarre scenario but it is likely to happen.
[29:19] Investors must prepare for the worst-case scenario.
[30:51] Tempo Funding provides short and long-term hard money lending.
Mentioned in This Episode:
Jason Hartman
Venture Alliance Mastermind
Rent Control Movie
Tempo Funding
Jason Hartman is back and talks with Adam today to discuss Fannie Mae's Chief Economist Doug Duncan's latest comments about the housing market. Not surprisingly, the huge lack of inventory is making a substantial impact. Jason and Adam break down how big an impact it is, what's causing it, and if there's hope on the horizon.
Then Jason talks with Ingo Winzer, founder and president at Local Market Monitor, about how his company is able to analyze 300 local markets and what elements are important for investors to pay attention to when examining markets on their own.
Key Takeaways:
[6:29] The graying of America
[11:10] Getting into real estate might seem expensive now, but it also seemed expensive in the 70s, 80s, 90s, etc and it's turned out pretty good
[13:16] The labor shortage in construction since the Great Recession is going to make ramping up construction difficult
Ingo Winzer Interview:
[19:08] Rents behave differently from prices because rents tend to move with income
[25:12] What Ingo bases his price forecast on
[30:49] How do you factor in retired people and those in the gig economy when factoring in the job market
[35:05] You need to figure out where the concentration of renters are in your market before you invest
Website:
www.JasonHartman.com/Cruise
www.LocalMarketMonitor.com
In place of a voiceless Jason Hartman, Adam takes the reins today to discuss some articles that have come across his eyes discussing home prices in various areas of society and why they shouldn't be as big a surprise as the media seems to think they are. He also touches on the possibility of the government offering a 100 year bond.
Then Jason talks with Patri Friedman, Executive Director of The Seasteading Institute, about creating new countries using the seasteading technique. Patri discusses how the concept would work in today's environment and why it's not absurd to think of a country being created on the water. It's coming sooner than you expect.
Key Takeaways:
[2:34] Home prices in driveable areas are now outpacing those in walkable areas
[4:39] Government considering offering a 100 year bond
Patri Friedman Interview:
[8:36] What is seasteading?
[13:28] Why not just buy land from a country rather than doing everything out at sea?
[17:28] Patri's goal is seeing governments competing for citizens by treating them best
[21:04] How do you deal with security when you're in the middle of the ocean?
[25:25] What are these seasteads going to do for currency?
Website:
www.JasonHartman.com/Cruise
www.JasonHartman.com/Events
www.Seasteading.org
www.Twitter.com/Patrissimo
Jason Hartman talks with Jeff Astor, VP of Business Development at Broad Financial and author of The Ultimate Self-Directed IRA:: Using Self-Directed IRAs & Solo 401ks To Invest In Real Estate, Bitcoin, Ethereum, Cryptocurrencies, Gold, Private Businesses, Startups, Exotics & Much More, about how to invest in various assets at the "arms length" that the tax code requires. Jeff explores some unique investments clients have made that satisfy the legal requirements, as well as explaining the difference in the 2 types of self-directed IRAs.
Key Takeaways:
[6:43] What are "exotic" investments and how you keep your investments "at arms length"
[9:45] There are 2 types of self-directed IRAs, the custodial model and the checkbook model
[13:52] Finding financing for IRAs since you need a non-recourse loan
[17:10] Do people set up multiple LLCs inside their IRA to get even more asset protection?
[21:44] Make sure you do your research on self-directed IRA companies, because custodial companies rely on trust
[24:50] Can you take possession of precious metals if you purchase them through a self-directed IRA?
Website:
www.JasonHartman.com/Events
www.JasonHartman.com/Properties
www.BroadFinancial.com
Jason Hartman talks with Chris Porter, Senior Vice President & Chief Demographer at John Burns Real Estate Consulting, about what trends their company has been seeing. There have been some profound shifts in the way that Americans want their communities, what they're looking for in a house, and whether they even WANT to own a house.
Key Takeaways:
[4:01] There's an amazing amount of infrastructure in our world that has been thought out to keep us safe
[6:30] The history of labor day and why being an income property investor is a way to let yourself CHOOSE to labor
Chris Porter Interview
[10:08] The labor shortage in construction right now is a great opportunity for new technology to come into the market
[15:28] Some developer trends going on right now
[19:27] The current housing trends of Millennials and Baby Boomers
[22:54] Are the insititutional investors here to stay?
[27:28] Chris' prediction on home ownership rates has been somewhat right. Why he thinks it wasn't completely acurate
[32:21] Why the way generations are widely defined make no sense
Website:
www.JasonHartman.com/Cruise
www.RealEstateConsulting.com
www.BigShiftsAhead.com
Visualization is an immensely powerful thing. What the mind can conceive and believe, the mind can achieve.
Because of the power of visualization, Jason went and found an expert who can help real estate investors get in the right mindset and, hopefully, set you on a path to an even better portfolio and life.
Today is the 13th installment of our guided visualization journey.
Website:
www.JasonHartman.com/Properties
Today's Flash Back Friday comes from Episode 858, originally purchased in July 2017.
Captain Gary Pinkerton joins Jason to share his story of how investing in income property gave him financial freedom and he describes how he used a life insurance policy to fund his investments. Later in the show, Jason and Gary answer listener questions about self-management, markets and taxes received as part of the Apple Airpod contest.
Key Takeaways:
[01:59] A few things you probably didn't know about submarines.
[05:09] Gary shares the most important lessons he has learned about income property investing.
[08:50] Leveraging prudent debt and getting credit for the appreciation is a 20% ROI.
[12:47] Gary wanted to go to work and make money on his own terms.
[16:51] Increase the efficiency of your properties by funding them in a different way.
[23:26] Looking at the benefits of using a life insurance policy to fund your investments.
[29:00] Self-managing income properties may give your tenants a better experience so they inhabit your property longer.
[32:23] Juan wants to know how to find the best property management company and how to set up his tax structure.
Mentioned in This Episode:
Jason Hartman
Property Tracker
Be Your Bank
Jason Hartman talks with Walter E Williams, Professor of Economics at George Mason University and author of American Contempt for Liberty, about what is going on in our society today. America has become a country of people who hate liberty and want to take from others to give to themselves or others who they deem need it more. There seems to be an unwillingness to accept that people earn more than others and thinking that the government needs to step in and play a role. Walter explains to Jason how we can solve our problems by telling the government to get out of the way more than telling them to help.
Key Takeaways:
[2:34] Make sure you're investing in things that make sense THE DAY YOU BUY THEM
Walter E Williams Interview:
[7:46] Do United States citizens really have contempt for liberty?
[13:41] Has the Trump administration turned the tide at all?
[17:03] Is a wealth tax fair?
[21:51] Politicians are doing exactly what we elect them to do
[27:05] The only way we're going to solve our nation's problems
Website:
www.JasonHartman.com/Cruise
www.WalterEWilliams.com
Jason Hartman begins today's show discussing the ongoing phenomenon on Wall Street of people investing so much money into IPOs when the company has proven that they don't have a business plan that works.
Then Jason talks with Phil DeMuth, co-author with Ben Stein of the book The Overtaxed Investor: Slash Your Tax Bill & Be A Tax Alpha Dog, about how investors can set themselves up for a lower tax bill. Phil and Jason also discuss the idea of investing in Opportunity Zones and why Phil is so passionate against the Secure Act.
Key Takeaways:
[2:20] There's a cottage industry spinning off of Airbnb of tech companies telling municipalities which properties are violating their ordinances
[8:39] The ridiculousness of the stock market and tech startups
Phil DeMuth Interview:
[13:55] How are investors being overtaxed?
[18:18] Generating tax liabilities by trading
[22:35] Make sure to put your growth asets in your taxable account
[26:14] Phil's thoughts on Opportunity Zones
[28:58] Why the debate over the Secure Act is important
Website:
www.JasonHartman.com/Cruise
www.PhilDeMuth.com
Jason Hartman and Adam start off today's show discussing the growth of rent and home values across the nation. They've both been going up, but at different speeds. So what does it mean for you?
Then Jason plays a clip from Garrett Sutton discussing what asset protection is NOT. It's easy enough to think about what asset protection can do for you, but it can't do everything.
Finally, Jason and in-house economist Thomas discuss the phenomenon of MMT, Modern Monetary Theory, and why they don't believe it's the great thing that many on the left believe it to be.
Key Takeaways:
[6:02] Rent growth and property value growth aren't moving in perfect sync
[9:39] There's new construction in Atlanta that is through an A provider team
[14:28] Take part in the latest contest Jason is having, because there are some great prizes
[17:36] What you need to do for the video contest
[21:50] Garrett Sutton's What Asset Protection Is NOT
[29:21] Does MMT say you can print money with no inflation?
[34:38] There are several things that would make MMT invalid
[37:18] MMTers are right that government spending happens before taxation
Website:
www.JasonHartman.com/Properties
www.CorporateDirect.com
Jason Hartman dives into the idea of negative interest rates and WHY they would happen and how people respond to them. Then he finishes off his analysis of Dan Kennedy's idea of the mass affluent and how the middle class has been (and continues to be) impacted by it in today's world.
Key Takeaways:
[2:50] Banks charging negative interest rates
[8:50] Negative interest rates are trying to bring future consumption to present day
[11:01] The middle class is disappearing, and there's a danger of sliding down the socioeconomic ladder if we don't grab hold and start pulling yourself up
[14:52] Inflation always hits the poor the hardest
[19:22] The poor and lower middle class are also targets for sectors like payday lending, which keep them down
[23:13] When new generations (like Millennials) can't enter the investor class early in life, it makes a MASSIVE difference over their lifetime
[26:57] Investing is a relative game
Website:
www.JasonHartman.com/Cruise
www.JasonHartman.com/Properties
Jason Hartman is excited to announce, with his Local Market Specialist, that there is once again property available in the Atlanta, GA market. Featuring all new construction, with cash-on-cash returns estimated to be around 10%, the Local Market Specialist was able to purchase an off-market land contract to control the neighborhood, including the HOA. All properties come with 2/10 warranties. Contact your Investment Counselor today to get hold of some of these limited properties.
Website:
www.JasonHartman.com/Contact
Visualization is an immensely powerful thing. What the mind can conceive and believe, the mind can achieve.
Because of the power of visualization, Jason went and found an expert who can help real estate investors get in the right mindset and, hopefully, set you on a path to an even better portfolio and life.
Today is the 12th installment of our guided visualization journey.
Website:
www.JasonHartman.com/Properties
Today's Flash Back Friday comes from Episode 848, originally published in June 2017.
Investment Counselor and Local Market Specialist Liaison, Carrie joins Jason to see if he can correctly predict the effect the rise in interest rates will have on the US economy. Jason reminds us the Feds don’t directly impact mortgage rates but by directly impacting short-term rates all rates will be affected. For those of you who have income properties, the higher interest rates will put upward pressure on rents.
Key Takeaways:
[09:13] What does the spike in interest rates mean for investors?
[15:27] Higher interest rates will put upward pressure on rents and lessen the concentration of wealth.
[19:37] Local Market Specialists and Investment Counselors are always working in the client's best interest.
Mentioned in This Episode:
Jason Hartman
Grant’s Interest Rate Observer
Venture Alliance Mastermind
Jason Hartman discusses the recently deceased Dan Kennedy's work relating to the marketing shift of businesses toward the middle class. Over the past few decades there has been a distinct hollowing out of the middle class, which has created a massive opportunity for real estate investors. This persists to this very day. Jason explores Dan's idea of when the shift occurred, how it's impacting our world, and whether it's something that politicians will ever deal with.
Key Takeaways:
[6:28] Post-World War 2 we saw marketing start being targeted at the middle class
[10:21] Median home listings and median home sale price is showing that higher priced homes just aren't selling right now
[22:24] Politicians tend to be friendliest to real estate because of the MASSIVE supply chain
Website:
www.JasonHartman.com/Properties
Jason Hartman talks with Matt Curtis, founder and CEO of Smart City Policy Group, about the state of short-term rentals in today's society. Matt explains why he thinks that no matter what people in power do, they won't be able to stop the movement that is short-term rentals. Matt also discusses what he expects for the market when the economy inevitably sinks into a downturn and people stop taking so many vacations, and why a societal shift is key to that.
Key Takeaways:
[8:29] Technology is leading us closer to a Jetsons like world
[11:07] Short-term rentals seem like they're going to win out over areas that are currently resisting
[14:21] It's not hard to see why some areas of the country are resistant to the idea of short-term rentals
[18:06] Are short-term rentals squeezing renters out of the higher end homes?
[22:28] Commercial mix-use multifamily seems to be an area that there's no qualms using for short-term rentals
[24:38] What happens to short-term rentals when the next recession hits?
Website:
www.SmartCityPolicyGroup.com
www.SmartCityPolicySummit.com
Jason Hartman begins today's show giving an update on the state of foreign buying in the US real estate market. Playing a clip from Lawrence Yung, Chief Economist at the National Association of Realtors, and commenting on where the money is flowing from and where it's headed to, and how it compares to last year.
Then Jason talks with DeAnn O'Donovan, former President & CEO of AHP Servicing and former Executive VP and Chief Administrative Officer of Wintrust Mortgage, about the practice of investing in non-performing notes and loans. DenAnn explains what she looks for when considering investing in loans, what positions she's comfortable taking, and where you can still find deals in today's marketplace.
Key Takeaways:
[2:46] Is the United States market becoming less attractive to international buyers?
[7:26] The top 2 countries investing in US real estate are China and Canada. China accounted for $13 billion of US real estate purchases, Canada $7 billion
DeAnn O'Donovan Interview:
[13:39] Does it matter whether you're in first or second lien position?
[17:32] Where do you find the deals in today's market?
[27:54] Are there multiple categories of servicers available?
Website:
www.JasonHartman.com/Properties
DeAnn O'Donovan on LinkedIn
Today's episode begins with Jason Hartman discussing how there's a new startup that's designed to help you make money on your property in a new way. There are more and more ways to capitalize on the assets you own, but you can't do it unless you actually own the asset. If you're just reading about them and not doing anything about it you're cheating yourself.
Then Jason talks with Garrett Sutton, Rich Dad Advisor and author of Loopholes of Real Estate, about some recent Supreme Court decisions that will impact your life in a positive way. No matter what you think about the political division in the court, there are some things on which everyone can agree, and that's the case with these two cases. They also discuss the pros and cons of Series LLCs and the Economic Berlin Wall Jason's been lamenting for years.
Key Takeaways:
[3:18] A new startup is allowing people to rent their house/rooms/couch/etc for hours, not days
[8:05] You can make money by utilizing assets that were formerly dormant
[11:38] If you don't own the asset you can't take part in the money making, so get the asset!
Garrett Sutton Interview:
[15:20] The Supreme Court unanimously cracked down on excessive civil forfeiture,
[19:08] Why you should actually CARE about the civil forfeiture decision
[22:02] Another unanimous Supreme Court decision that protects trusts
[31:40] There's a new development for Series LLCs
[36:08] There's not a lot of case law for Series LLCs, which can make it a sketchy area
Website:
www.JasonHartman.com/Cruise
www.CorporateDirect.com
We can create our future by visualizing it repeatedly with significant detail. Jason Hartman discusses how you can improve your life by using this tool.
Website:
www.JasonHartman.com/Properties
Today's Flash Back Friday comes from Episode 854, originally published in July 2017.
In between activities during the Oklahoma City JHU Live event is a great time to record a podcast with new income property investors. David & Gina Nelson share their story of the life-changing decisions that led to investing in real estate with Jason. David & Gina recognized staying in their corporate positions and only investing in the stock market wouldn’t get them where they wanted to be in life.
They convey their appreciation for the transparency and support they have received from the Jason Hartman Investment Counselors and share their advice on how you too can have the diversified financial future you deserve.
Key Takeaways:
[01:40] David & Gina wanted to take control of their lives and build their wealth by investing in income properties.
[06:15] You are never too old or too young to start investing in your future and real estate.
[09:20] The portfolio builder game is a great way to find out what type of investor you are.
[12:03] The Nelson's plan to retire next year and use income property as their wealth vehicle.
[16:59] The value in understanding the linear, hybrid and cyclical markets.
[20:43] David & Gina recommend finding a mentor and listening to podcasts to educate yourself.
Mentioned in This Episode:
Jason Hartman
Venture Alliance Mastermind
Jason Hartman kicks off this 10th episode discussing the furthering trend of people fleeing high tax places like California and New York to tax favorable places such as Florida. It's becoming a more and more common thing and states need to understand this before they run into even more fiscal difficulties.
Then Jason goes off topic with client Rabbi Evan Moffic, author of The Happiness Prayer: Ancient Jewish Wisdom for the Best Way to Live Today. The two discuss why the bible actually promotes wealth (and what we should DO with that wealth), as well as what gives people true happiness.
Key Takeaways:
[2:47] Florida is bringing in billions of dollars as people flee high taxes
[8:45] California is passing laws to increase revenues and are becoming predatory on their citizens
[13:56] There's no starter homes being built, so your properties won't have any new competition
Rabbi Moffic Interview:
[17:26] Human beings are creators, and if you don't get to create you don't usually feel fulfilled
[19:59] Pleasure and happiness are two completely different things
[24:47] Plant a tree whose shade you will never sit under
[27:34] When you're feeling sad the best thing you can do is do something nice for someone else
[31:19] The bible is a pro-wealth product that teaches us to use our wealth to serve others
Website:
www.JasonHartman.com/Properties
www.RabbiMoffic.com
Jason Hartman finishes his conversation with investment counselor Doug about real estate and PE ratios. The two discuss the importance of analyzing RV ratios in markets to discover whether a bubble is forming (or might already be formed) but also the dangers of relying strictly on those RV ratios.
Key Takeaways:
[2:38] How to think about Cap Rates
[5:55] Commercial property doesn't have enough risk premium right now
[9:34] Real estate has a lot of embedded risk protection a lot of people don't realize
[15:16] The thing that is going to drive the next housing downturn will be when we see rising mortgage rates
[17:40] The 1% RV is for a turnkey rehab. New construction isn't getting 1% right now
[21:16] When your RV hits .5 you're looking at a bubble
Website:
www.JasonHartman.com/Properties
www.JasonHartman.com/Cruise
Jason Hartman talks with 2 investment counselors in today's episode. First he talks with Adam to discuss the popular BRRR investment model (Buy, Renovate, Rent, Refinance) and why manufactured homes have a bad reputation and why that needs to change.
Then Jason talks with investment counselor Doug about the importance of future expectations when looking at any market, including the real estate market. Just like in the stock market, future expectations drive a lot of value for real estate, especially in cyclical markets. The second half of this conversation will air tomorrow.
Key Takeaways:
[4:13] BRRR proponents don't ever tell you about their tax liabilities or their hunt for a deal
[8:05] We should look upon manufactured homes a lot better than we do right now
[10:43] The online housing kits are currently way more expensive than they pretend to be
[14:38] Doug's experience using Cozy so far
[19:26] You make money in life by adding value
[23:39] When you take the manager out of the equation you can just the property on the property alone
[26:08] The importance of future expectations
[29:53] When expectations decrease it's not just a little drop, it's a spiral
Website:
www.JasonHartman.com/Properties
Jason Hartman takes today to play a live clip from the 2019 Meet the Masters of Income Property. Sunday afternoon is a time many people use to purchase properties from providers, leaving the room a little light on people. In this presentation, Jason updates his Inflation Induced Debt Destruction example from the high interest rate period he originally used into the lower interest rate environment that people who purchased in the late 80s have experienced.
Key Takeaways:
[5:01] Join Jason and go cruising (with good internet)!
2019 Meet the Masters Presentation:
[10:21] Asset price inflation isn't measured, but it probably should be
[14:19] Life is really a game of staying power
[17:35] Every decision we make is a decision to improve our condition
[21:00] Inflation Induced Debt Destruction from 1989 - 2018
[28:43] What does a lower inflation rate period do to IIDD?
Website:
www.JasonHartman.com/Cruise
www.JasonHartman.com/Properties
Visualization is an immensely powerful thing. What the mind can conceive and believe, the mind can achieve.
Because of the power of visualization, Jason went and found an expert who can help real estate investors get in the right mindset and, hopefully, set you on a path to an even better portfolio and life.
Today is the 10th installment of our guided visualization journey.
Website:
www.JasonHartman.com/Properties
Today's Flash Back Friday comes from Episode 964, originally published in February 2018.
Jason Hartman kicks off today's episode with some big cryptocurrency news out of Venezuela and Poland this week that show both strength and weakness for the market, plus producer Adam interviews one of the Indianapolis Local Market Specialists about what makes Indy a good place to invest.
Then Jason finishes up his interview with Jeff Cronrod. This time they focus on best practices for property management and how to properly (and legally) screen tenants.
Key Takeaways:
[2:07] There's better ethics involved in taking the long term approach
[7:07] Poland's Central Bank paid YouTubers to slander cryptocurrencies
[9:08] Venezuela's massive oil based cryptocurrency
[10:21] Indianapolis Market Profile from a Local Market Specialist
Jeff Cronrod Interview, Part 2:
[20:02] Jeff's property management best practices, and proper tenant screening
[24:18] What sort of reports are available for landlords?
Website:
www.JasonHartman.com/Properties
www.JasonHartmanUniversity.com
www.AAOA.com
www.TenantAlert.com
Jason Hartman and Adam start off today's show discussing how rates have allowed more and more people to start refinancing their homes, but also how federal mandates are allowing them to pull less money from their homes. This is having the effect of both putting more money into the economy but also keeping the housing market safer than it was before the Great Recession.
Then, Jason finishes his conversation with Dr. David Kelley, founder of The Atlas Society and current Chief Intellectual Officer for the society, about the degradation of our society where people are viewing minimum wage jobs as careers and the dangers of our entitlement society.
Key Takeaways:
[2:09] There are microscopic creatures that can survive in outer space and some of them ended up on the moon thanks to an Israeli probe
[7:53] Lower rates have made 8.2 million homes available for refinancing
[10:19] A lot of people will be making a lot of money off the increase in refinances, so it's good for our economy
Dr David Kelley, Part 2
[16:26] We have degraded to the point that people are considering minimum wage jobs as careers
[20:41] Entitled mentality is toxic to society
Website:
www.JasonHartman.com/Cruise
www.AtlasSociety.org
Jason Hartman and Adam start today's show discussing the size of economies across the globe and how some countries (such as Japan) are able to have such large economies with very few natural resources. They also explore a potentially misleading real estate stat.
Then Jason talks with Dr. David Kelley, founder of The Atlas Society and current Chief Intellectual Officer for the society, about the ideals of Ayn Rand and why the economic principles she laid out during her life are still applicable today, but also about how Dr. Kelley has expounded on those thoughts. They also discuss the current entitlement mentality in the United States and what dangers that presents.
Key Takeaways:
[3:05] Not surprisingly, the US and China make up the largest 2 economies in the world, but some of the others are surprising
[7:49] Just because you have natural resources doesn't necessarily make your economy thrive
[13:29] Misleading mortgage delinquency stats
David Kelley Interview, Part 1
[17:12] What is the Atlas Society?
[22:55] Marx's ideals have failed time after time but people keep going back to them. Why?
[25:37] The value of labor vs the value of capital
Website:
www.JasonHartman.com/Properties
www.AtlasSociety.org
Jason Hartman starts today's show comparing asset class sizes to see if cryptocurrencies really are the biggest bubble out there. It's always important to ask the question: Compared to what?
Then Jason talks with Anita Campbell, founder and publisher of Small Business Trends, about what markets are currently the friendliest to entrepreneurs. Some rankings are surprising and there's a big surprise when it comes to entrepreneurs in rural areas. They also discuss the potential impacts of minimum wage on small business.
Key Takeaways:
[2:14] A misnomer about the real estate market
[7:44] Jason's latest binge-worthy show is educating him about money and making a statement about governments and central banks
[10:06] Comparing asset class sizes
[14:24] Derivatives are the biggest market BY FAR
Anita Campbell Interview:
[18:23] Some of Anita's rankings for best cities for entrepreneurs really suprised her
[21:13] How Anita's company was able to use the US Census to help in the rankings
[24:09] Technology has allowed rural areas to start flourishing as entrepreneurial havens
[26:40] Does having more entrepreneurs in an area make the market more or less stable?
[32:54] How the movement to a $15/hr wage is impacting entrepreneurs
Websites:
www.JasonHartman.com/Properties
www.SmallBizTrends.com
www.DataUSA.io
Jason Hartman takes on the mainstream media's coverage of our economic situation by pointing out that Americans have actually seen a larger wage increase than originally believed. Not many publications like to talk about it and even fewer like to credit Trump, but maybe it's time they start doing so.
Then Jason talks with Marc Biron, founder and CEO of Home Diversification Corp, about his product that is intended to help homeowners diversify their market risk in their own home purchase. The product is intended to help protect homeowners from downturns in the housing market in their local zip code by indexing it to the national housing market. Listen in as Marc explains why it would make sense for homeowners and how it works.
Key Takeaways:
[3:44] American wages are rising more than we realized
[8:56] The biggest thing in the media is that they don't say
Marc Biron Interview:
[11:04] How Marc's mortgage product can help diversify market risk
[15:22] Marc claims his product is 42% more stable than the average housing market
[19:38] A sample case of how the product works
[23:07] Home Diversification uses the Zillow statistics for national home price indexing
Website:
www.JasonHartman.com/Properties
www.HomeDiversification.com
Visualization is an immensely powerful thing. What the mind can conceive and believe, the mind can achieve.
Because of the power of visualization, Jason went and found an expert who can help real estate investors get in the right mindset and, hopefully, set you on a path to an even better portfolio and life.
Today is the 9th installment of our guided visualization journey.
Website:
www.JasonHartman.com/Properties
Today's Flash Back Friday comes from Episode 963, originally published in February 2018.
There's a disease infecting millions of Americans, but few people are addressing it. That disease? The entitlement disease. Jason Hartman looks at the symptoms of the disease, and how a simple change in viewpoints can bring a person out of that spiral.
Then Jason talks with Jeff Cronrod, founder of the American Apartment Owner Association & founder of Rent Recovery Service, about his new program called Lease Guarantee, and how landlords need to take a more aggressive approach toward tenants who don't pay.
Key Takeaways:
[4:39] The dangers of the entitlement disease
[8:14] When you take all the advantages of real estate for a few years, it's hard to unwind
[13:30] What happens when you view your life like you're the source
[19:09] The simple key to success in business
Jeff Cronrod Interview:
[22:02] What is Lease Guarantee?
[24:18] How much does the Lease Guarantee cost and what exactly does it cover?
[28:32] The steps you have to go through when a tenant misses their rent payment
[31:40] What judgement do you need to get for Lease Guarantee to pay out?
Website:
www.JasonHartmanUniversity.com
www.AAOA.com
www.TenantAlert.com
Today's off-topic 10th episode starts off with Jason Hartman explaining how 1031 exchanges have helped his portfolio grow more than any other tool, as well as how to view your tenants rent in a way that will make you feel really good.
Then Jason talks with Sally Kohn, CNN political commentator, host of The State of the Resistance podcast and author of The Opposite of Hate: A Field Guide to Repairing Our Humanity, about why there's so much hate in our country at the moment and how we need to continue acknowledging problems and working to get better.
Key Takeaways:
[3:40] The power of a 1031 exchange has been a godsend for Jason's personal portfolio
[8:02] Your tenants are working to pay you ~40% of their work hours. That's more than they work for anyone else.
Sally Kohn Interview:
[12:31] Technology makes us feel more anonymous, which isn't always the best thing
[15:10] Does the US deserve credit for being better than the rest of the world?
[20:01] What definition of "hate" Sally's working from
[24:12] Most people don't think they're hateful, they believe "those people" are hateful so the things they do are justified
[27:55] We have been taught throughout history that men should be in positions of power, which is a powerful thing to have to break through
Website:
www.SallyKohn.com
www.JasonHartman.com/Properties
www.JasonHartman.com/Cruise
Jason Hartman starts today discussing the 8th wonder of the world, compound interest. It's a truly powerful thing that makes massive differences to your portfolio.
Then Jason talks with in-house economist Thomas to discuss housing payments adjusted for inflation. Thomas took Jason's first property he purchased and adjusted the payment it would have been to today's dollars to see how it correlated. The two also discuss negative yields and how much further cyclical markets have to fall.
Key Takeaways:
[4:43] Jason's old purchase of a mortgage note that didn't go so well, but the amount he's owed now shows the power of compound interest
[7:36] An example of compound interest using 4 $100,000 homes
[14:32] Robert Shiller believes we are on the verge of a recession, but Jason doesn't agree with his reasoning
[18:51] Housing payments adjusted for inflation is significant
[22:41] Millennials keep telling Thomas they're waiting for home prices to drop
[27:07] 25% of investment grade bonds have negative yields now
Website:
www.JasonHartman.com/Properties
Jason Hartman and Adam start today's episode detailing the price history of a home in Port St. Lucie, FL. The effects of the financial crisis and the recovery afterward are truly astounding and it gives us an idea of where we might be in the housing recovery.
Then Jason has a short clip of Frank Gallinelli's, a friend of the show, describing how to properly evaluate real estate deals to make sure you're getting a good deal.
Finally Jason talks with Howard Jennings, Managing Partner at Stateside APM, about how entities can help foreign real estate investors, as well as how those same foreign investors can save themselves money in creating those entities and avoiding double taxation in certain areas.
Key Takeaways:
[3:23] The incredible price history of a home in Port St. Lucie, FL
[8:32] Jason's been involved in somewhere around 10,000 real estate transactions either personally or through his companies
[10:26] Frank Gallinelli on How to Evaluate a Real Estate Investment
Howard Jennings Interview:
[24:18] Do foreign investors need to have entities like an LLC?
[27:12] Some states have higher fees than others, and Canada can even tax you twice
[31:18] Services provided by Stateside APM
[38:45] Nearly every decision in life comes down to instant gratification vs delayed gratification
Website:
www.StatesideAPM.com
www.JasonHartman.com/Properties
Jason Hartman and Adam start off today's show discussing a stat they saw saying that 37% of US homes are currently "free and clear" and what that could mean to housing markets when the next market downturn comes, especially to your income property.
Then Jason talks with client Drew Baker about how his self-management has helped him put $8,000 back in his pocket, having your tenants saving you money, and what Facebook is doing with their cryptocurrency venture.
Key Takeaways:
[2:39] 37% of homes in the US are "free and clear"
[5:30] Why the amount of "free and clear" homes in your market matters to your investment properties
[8:41] Alexa Skill Blogcast
Drew Baker Client Case Study:
[12:54] Drew just calculated how much money he's saving in his portfolio now
[20:53] Facebook's foray into crypto could be a more interesting venture since they have an audience of billions already
[25:41] Facebook shut off access to other cryptos while they were prepping their own
[28:40] How Drew's tenant saved him hundreds of dollars on his new water heater
[32:30] Pick which property is giving you the least trouble and take control while things are calm, not in the middle of repairs
Website:
www.JasonHartman.com/Ask
www.JasonHartman.com/Properties
Jason Hartman Real Estate Investor Update Alexa Skill
Visualization is an immensely powerful thing. What the mind can conceive and believe, the mind can achieve.
Because of the power of visualization, Jason went and found an expert who can help real estate investors get in the right mindset and, hopefully, set you on a path to an even better portfolio and life.
Today is the 8th installment of our guided visualization journey.
Website:
www.JasonHartman.com/Properties
Today's Flash Back Friday comes from Episode 938, originally published in January 2018.
Jason Hartman kicks off the episode talking with someone who's about to set a new standard at the Meet the Masters conference this weekend. Journey Captured, a Journey tribute band, will be performing Saturday night at the first ever Meet the Masters Concert. Jason talks with Bass player Giorgio Tupanjanin about his musical training, why he plays Journey, and what to expect at the concert.
Then Jason finishes his client case study with Sue & Gary Pinkerton. This time Sue offers some tips on self-management, the frustratingly fragmented (yet helpful) nature of real estate investing, and why you can't consider anything a passive investment.
Key Takeaways:
[1:59] A Journey tribute band will be playing at Meet the Masters
[3:50] Why Journey for a tribute band?
[6:28] Is jazz music one of the most technical styles out there?
[9:51] How Journey found their current lead singer
Pinkerton Case Study:
[15:16] Sue's tips on self-management
[18:52] The fragmented nature of single family real estate investing is frustrating
[22:13] There is NO SUCH THING as a passive investment
Websites:
www.JasonHartman.com/Properties
Jason Hartman and Doug get together today to discuss some of the statements that Warren Buffett has made in regards to investing in real estate. Specifically they examine his interview about his $150,000 home purchase that turned into an $11,000,000 property and his thought of how he wished there was a way to buy and manage thousands of single family homes.
Key Takeaways:
[4:29] The power of the 30 year mortgage, explained by Warren Buffett
[9:10] Your returns when you lever equity can be really good, but when a tenant is paying your mortgage then it's even better
[14:33] Don't miss the market because you're waiting for a dip
[19:48] Time heals wounds, especially in real estate
Website:
www.JasonHartman.com/Properties
Jason Hartman starts today's show celebrating the Department of Justice's decision to start investigating the big tech companies business practices, something he's wanted them to do for a long time now.
Then Jason talks with Democratic Presidential Candidate Andrew Yang about some of his policy proposals, including the huge idea of Universal Basic Income, the erradication of income tax and the implementation of a VAT.
Key Takeaways:
[2:10] Jason is excited that the DOJ is finally investigating the big tech companies
Andrew Yang Interview:
[6:11] How Universal Basic Income is different than the welfare state and why libertarians would support it
[9:43] Would income taxes go away if Andrew's VAT goes into effect?
[14:28] Andrew supports UBI because automation is taking away so many jobs
[19:12] The war on normal people
[25:38] How the UBI will offset any deficit it creates
Website:
www.Yang2020.com
Today's episode is a live speech from the 2019 Meet the Masters of Income Property event. Hear the local market specialist discuss why he got into the Florida markets and how he's making properties work in the market. New construction and short-term rentals can work, if you do it right.
Key Takeaways:
[6:45] Some of Jacksonville's economic rankings
[9:42] New construction has been the main focus in the market
[12:55] The different models available
[20:48] The average construction time is about 6-8 months, but you don't need a construction loan
Website:
www.JasonHartman.com/Properties
Jason Hartman and his mom take today's episode to review the book The American Jubilee: A National Nightmare is Closer Than You Think, as well as discussing the impact of loan forgiveness and some self-management strategies that can save you money and headaches when it comes to repairs and tenant retention.
Key Takeaways:
[2:05] Jason's mom's takeaway from the book The American Jubilee
[4:51] The middle class is getting crushed today more than they ever have in American history
[8:05] You can use debt as a strategy
[11:56] Impact of the bank holiday
[14:25] Student loans are being packaged and sold to financial firms just like liar loans were
[19:17] The federal government can nationalize your stock and bond portfolio a lot easier than your property
[23:26] Turnover can be expensive, but keeping tenants for too long could mean your rents are too low
[27:54] The longer your tenant is there the more they treat it like their own home
[32:02] A recommendation to reduce your insurance prices
Website:
www.JasonHartman.com/Properties
Visualization is an immensely powerful thing. What the mind can conceive and believe, the mind can achieve.
Because of the power of visualization, Jason went and found an expert who can help real estate investors get in the right mindset and, hopefully, set you on a path to an even better portfolio and life.
Today is the 7th installment of our guided visualization journey.
Website:
www.JasonHartman.com/Properties
Today's Flash Back Friday comes from Episode 971, originally published in March 2018.
Jason Hartman starts off the show discussing how home sales are strong, even if they're a lagging indicator, and where exactly they're really taking off.
Then Jason talks with client Brandon Cook, a young member of the Venture Alliance Mastermind, about his journey investing in real estate. Brandon is currently the owner of 6 properties and is looking forward to more, and talks about breaking through the initial hurdle of investing.
Key Takeaways:
[2:33] Home sales are very strong, but remember they lag
[4:57] A suprise in the hottest housing market category
[11:41] Jason's latest book recommendation: The Effective Executive
Brandon Cook Interview:
[16:35] Brandon discovered Creating Wealth and started listening at Episode 48
[22:05] The first one is always the hardest
[30:41] What has Brandon learned on his investment journey
[33:20] Introducing the Jr Venture Alliance Mastermind membership!
Website:
www.VentureAllianceMastermind.com
www.JasonHartman.com/Properties
The Effective Executive
Jason Hartman and Investment Counselor Adam start off today's show discussing the mindset of investors that needs to change. The whole idea of a "discount" isn't a reliable methodology for investors, things should be viewed in a win-win lense.
Then Jason talks with Gabriel Weinberg, founder of DuckDuckGo and author of Traction: How Any Startup Can Achieve Customer Growth and Super Thinking: The Big Book of Mental Models, about how you can use some of the mental models to help you achieve the returns you desire. They also touch on the problem of achieving privacy in today's world and how DuckDuckGo helps in that.
Key Takeaways:
[3:31] As an investor you don't have to get things at a discount, you need to get them at fair prices
[5:29] You don't necessarily get the fantastic deal the day you buy it, you get a good deal at the beginning and it becomes fantastic over time
[8:14] Join Jason on the upcoming cruise
Gabriel Weinberg Interview:
[10:34] What is Super Thinking?
[15:06] The Mental Model of Forcing Function
[18:58] The model of Deliberate Practice
[23:47] Beware of Hindsight Bias
[27:35] To really get outsized returns you need to make a bet on the future
Website:
www.JasonHartman.com/Cruise
www.SuperThinking.com
www.Twitter.com/Yegg
Jason Hartman talks with Gary Boomershine, real estate coach, real estate investor and founder of REIvault, about the differences between real estate investors and a real estate entrepreneur, as well as ways that you can protect yourself from inflation. Gary and Jason discuss the great part of buy and hold investing and what Gary sees as the future for the economy and real estate.
Key Takeaways:
[2:51] What is a real estate investor?
[6:50] Gary used to flip houses but now regrets every house he ever sold
[12:07] Gary's experience as a hard money lender
[18:15] Gary's take on the VRBO market
[24:56] First position lending can be a hedge
[30:54] Right now Gary's a bit pessimistic about the market and is taking some chips off the table, while some of his cohorts are going full in
[33:21] The 3 areas Gary believes need to be very careful in today's market
Website:
www.JasonHartman.com/Vault
www.JasonHartman.com/Properties
Jason Hartman and Adam today break down a video about how Fannie Mae and Freddie Mac influence the housing market in the United States. While their publicly stated goal is to make housing in the country more affordable, are they really doing that? Listen in to find out.
Key Takeaways:
[1:49] Fannie Mae Going Away?
[4:09] The idea that we need a high home ownership rate is a false idea
[8:41] How Fannie Mae props up the housing market
[13:24] Fannie & Freddie have a stated goal of making housing more affordable, but they don't do that at all
[22:55] If you're investing for yield rather than capital gains, the price of the house has much less importance
[26:01] The importance of sustainable investing
Website:
www.JasonHartman.com/Properties
How Fannie & Freddie Prop Up America's Favorite Mortgage by Wall Street Journal
Jason Hartman talks with client Rabbi Evan Moffic about his current real estate investing. Evan owns several single family rentals and is currently purchasing a short-term rental new build in Florida. Jason and Evan discuss some real estate investing strategy and how Evan's faith comes in to play and what it's taught him.
Key Takeaways:
[3:11] Rabbi Evan is venturing into his first short-term rental
[6:21] Why Evan started investing in real estate
[10:42] The first time it's a mistake. The second time it's a decision.
[19:10] A ratio for successful relationships
[24:56] It's the context, not just the content
[29:32] Real estate has massive inertia that's incredibly difficult to stop
Website:
www.JasonHartman.com/Properties
Visualization is an immensely powerful thing. What the mind can conceive and believe, the mind can achieve.
Because of the power of visualization, Jason went and found an expert who can help real estate investors get in the right mindset and, hopefully, set you on a path to an even better portfolio and life.
Today is the 6th installment of our guided visualization journey.
Website:
www.JasonHartman.com/Properties
Today's Flash Back Friday comes from Episode 962, originally published in February 2018.
Jason Hartman kicks off the show talking about an important topic in rental property today, and that is the lack of affordable homes. Supply is dropping across the nation and there aren't a whole lot of options for what to do about it. Listen in for Jason's piece of advice.
Then Jason wraps up his client case study with Scott. Scott and Jason finished the last episode talking about how Scott wouldn't have been able to find all the properties he needed to complete his 1031 exchange without Jason's group. They pick up the thread today and then go into why Scott's dad couldn't make residential real estate work, and property manager experiences and differences in office space vs residential property management.
Key Takeaways:
[2:46] The barbell that is crushing the supply of affordable homes
[6:56] The millennials make up one side of the barbell, but the Baby Boomers on the other side are doing something new and it's causing a disruption
[9:38] How bad is the inventory level? Pretty bad, and Jason has some market examples to prove it
[13:36] One of the solutions to this inventory shortage is get what you can get and hope the market calms down
Scott Client Case Study, Part 2
[21:14] Why Scott's dad wasn't able to make residential real estate work when he tried decades ago
[23:51] Scott's experience with the property managers in Jason's network
[28:25] The difference in self-management in office space versus residential
Websites:
www.JasonHartmanUniversity.com
www.JasonHartman.com/Properties
Jason Hartman starts today's show talking with economist Thomas about the phenomenon going on in New York right now of people voting with their feet. The two tackle a video that suggests that the state could end up losing two congressional seats, which would be a big deal. They examine why it's happening and what it means to the real estate market there.
Then Jason talks with Nobu Su, chairman of the shipping company Today Makes Tomorrow and author of The Gold Man From the East. Back in the 2008 financial crisis, Nobu's company was a $5 million victim of Western bankers. Nobu is now fighting back, suing the institutions that took his money and trying to tell his story so others don't suffer the same fate.
Key Takeaways:
[3:03] People are leaving New York, which could lose the state 2 congressional seats
[7:05] Even if the numbers worked in New York it's not a good place to be a landlord
Nobu Su Interview:
[9:23] What's the status of Su's lawsuit against JP Morgan?
[17:05] How long can our country keep going like we are?
[19:10] What is Nobu Store?
[22:59] The history of Nobu's career
Websites:
www.Nobu.store
www.Twitter.com/Nobu__Su
Jason Hartman starts off today's episode with Carmen discussing her current issues she's having with her property manager and getting her property rent ready, past due rent collected and a new tenant put into place. It's a much bigger process than it should be and the price tag seems way too high. Jason gives his take on what you as the property owner and investor can do to make your process easier.
Then Jason talks with Mauricio Rauld, Esq, attorney who specializes in syndications, about what Opportunity Zones can mean for investors. Mauricio breaks down the tax incentives that have been presented, but also why you may not want to invest in them.
Key Takeaways:
[1:58] The Law of Agency
[7:39] The potential dangers of the portal with property managers
[12:10] Carmen's property manager didn't even put her name anywhere on the lawsuit against her tenant who hasn't paid their rent
[16:27] The Cuba cruise couldn't happen, but there's another one planned
Mauricio Rauld Interview:
[18:33] What's the deal with Opportunity Zones?
[20:30] The 2 things you need to do to invest in Opportunity Zones
[24:47] The 4 tax incentives of Opportunity Zones
[28:59] Will a mass of properties from Opportunity Zones hit the market in 10 years?
Website:
www.JasonHartman.com/Cruise
www.PremierLawGroup.net
Jason Hartman talks with Romana King, award winning real estate writer and director of content for Zolo, about what's going on in the Canadian real estate market (specifically Vancouver), as well as some of the best tips for real estate investors. Romana is another buy and hold real estate investor, and she and Jason explore what the best practices are in that marketplace.
Key Takeaways:
[5:50] When you purchase a property, the value isn't in the property it's in the land
[8:56] Canadian financing options
[13:13] Romana's take on Opportunity Zones
[16:09] What is Zolo?
[18:42] Romana's tips for purchasing investment properties
[22:26] Some signs that the area might be a good one to invest in
Website:
www.Zolo.ca
www.RomanaKing.com
Jason Hartman talks with Doug about short-term debt cycles and what's going on with our economic expansion that's been happening for years. It's been going on for a long time, and at some point it's going to turn, so how do we recognize it?
Key Takeaways:
[3:49] The Wealth Effect in a booming economy
[6:23] What precipitates the turn of the economy?
[12:45] The principles that drive the stock market are the same ones that drive real estate
[16:19] Can GDP growth and stock market growth have diverging rates of growth for extended periods?
[21:36] The primary reason this economic expansion has gone on so long is that it hasn't been inflationary
[27:56] The looming pension crisis
Website:
www.JasonHartman.com/Properties
Invest with Sven Carlin, Ph.D. on YouTube
Visualization is an immensely powerful thing. What the mind can conceive and believe, the mind can achieve.
Because of the power of visualization, Jason went and found an expert who can help real estate investors get in the right mindset and, hopefully, set you on a path to an even better portfolio and life.
Today is the 5th installment of our guided visualization journey.
Website:
www.JasonHartman.com/Properties
Today's Flash Back Friday comes from Episode 959, originally published in February 2018.
Jason Hartman starts off the show today with a reminder: housing is NOT at an all time high when it comes to payments (which is how people really base their decision to buy), and housing is still where it's at.
Then Jason has the first part of his client case study with Scott, from Washington DC. Scott owned a bunch of retail property previously, but recently sold all but one of them and shifted his focus toward residential real estate. Jason talks with him about why he made that decision, what the process was like doing his 1031 exchange, how his experience with property managers has been, and more.
Key Takeaways:
[1:43] Housing is where it's at
[5:32] Housing is NOT at an all time high based on the payments being made
[8:46] Everybody's a genius in a bull market
Client Case Study with Scott:
[14:41] Was Scott worried about the retail apocalypse when he purchased all the shopping centers?
[17:30] Scott & Kelly's evolution from shopping centers to single family homes
[21:04] What happened in the commercial real estate sector last year that led Scott & Kelly to dive headlong into residential?
[25:19] Depreciation makes income properties the most tax favored asset class in America
[26:01] Scott's adventurous time doing his 1031 exchange on his commercial property that aged him 2 years in 45 days
[31:05] Why Scott is glad Jason's group exists
Website:
www.JasonHartman.com/Properties
www.JasonHartmanUniversity.com
Jason Hartman starts off the show from the Baltic Sea where his cruise is currently taking him. He explains how the brand of the US has covered the whole world, including Russia.
Then Jason talks with Michelle Tillis Lederman, author of The Connector’s Advantage, The 11 Laws of Likability, Heroes Get Hired and Nail The Interview – Land The Job, about how likability works and the mindset you have to have in order to succeed in business. There's no way to make people like you, but there are ways to present yourself that will allow you to have a better chance of being liked.
Key Takeaways:
[8:05] Jason's meeting with the Russians to get Coco into the country
Michelle Tillis Lederman Interview:
[13:20] What is Mood Memory?
[16:43] How do you segue out of a conversation without offending the person you're speaking to?
[20:15] The definition of a "niche connector"
[22:28] The 7 Mindsets of connectors
[26:14] Always have the mindset that when you connect online your goal is to bring it offline
Website:
www.MichelleTillisLederman.com
After giving a quick update on his cruise travels, Jason Hartman talks with Taylor St Germain, economic analyst at ITR Economics, about why lower interest rates haven't spurred the higher end housing market. The two also discuss what indicators Taylor looks at to get a gauge on the economy and the impact tariffs have had and may still have yet to come.
Key Takeaways:
[5:49] Are lower interest rates good news for cyclical markets or are they just too overpriced?
[10:16] The rise in wages has helped the economy but it's not changing the overall trend or forecasts
[14:13] Why are housing starts so important?
[19:19] ITR's concerns with the tariffs currently being put in place
[23:35] More tariffs could potentially put us in a recession, so be very careful if we see more coming
Website:
www.ITREconomics.com
Jason Hartman talks with investment counselor Sara about some things going on in the market right now. The two discuss the state of inventory going on as sales are slowing even though inventory is still a little low. They also discuss the "trust but verify" philosophy as you deal with everything involved with closing on your property.
Key Takeaways:
[5:52] Amazon has reached a deal with developers to hard wire Alexa into new builds
[9:34] Show your LMS your inspection and give them a chance to fix things and don't let them rush you to close
[13:48] Some provisions you can put in place for the escrow money
[19:19] The state of inventory in the network
[22:55] Buying down your interest rates with points
[29:28] It's important to find not just the best market but also the best team
Website:
www.JasonHartman.com/Properties
Today's show features a client case study and this month's mortgage update. After a brief hello from his latest destination, Adam talks with one of the network's lenders about what mortgage rates people are getting this month and what's driving the change in rates recently.
Then Jason talks with client Damon Santa Maria about how he's accumulated his 20 properties in the past 6 years and what his investing plans are moving forward. Damon is self-managing two of his properties and gives some of his best practice tips on metrics he uses and investing in general.
Key Takeaways:
Mortgage Update
[7:09] What rates can investors get today?
[9:44] Mortgage applications for investors aren't as heavy as you'd expect with low interest rates
[11:44] Is there any movement in the refi market?
Damon Santa Maria Client Case Study
[14:51] Why Damon started investing in real estate
[17:29] If your tenants are staying for a long time, make sure your rents aren't too low
[20:50] Damon's experiences with buy and hold rentals
[24:07] Damon is self-managing his property in Houston and it's working out well
[29:14] Don't gloss over your maintenance percentages when looking at cash flow and reserves
Website:
www.JasonHartman.com/Properties
Visualization is an immensely powerful thing. What the mind can conceive and believe, the mind can achieve.
Because of the power of visualization, Jason went and found an expert who can help real estate investors get in the right mindset and, hopefully, set you on a path to an even better portfolio and life.
Today is the fourth installment of our guided visualization journey.
Website:
www.JasonHartman.com/Properties
Today's Flash Back Friday comes from Episode 922, originally published in December 2017.
There's a whole lot going on in the economic world today, so Jason Hartman decided to talk to Cody Mamone, CTP, a Vice President for PNC Bank, about what on Earth is going on in the cryptocurrency world, and how it might be impacted by Bitcoin now trading on 2 exchanges in the United States.
The two also delve into the growth of consumer debt in the past 5 years, as well as where interest rates may be headed and how much of an impact even a slight change in rates can have for investors and homebuyers.
Key Takeaways:
[5:00] The difference between saving versus savingS rates
[9:49] The Fed has some useful data that can be used for your investing research, and one thing in the consumer credit reports stuck out
[11:53] The growth in consumer (and student loan) debt in the last 5 years has been astounding
[14:45] Cryptocurrency mania is going crazy and it's not a healthy thing
[17:04] The REAL environmental destruction that cryptocurrencies are creating
[19:58] What's going to happen to Bitcoin now that it will be traded on 2 exchanges? Will the volatility finally end?
[26:12] Where are interest rates headed?
Websites:
www.JasonHartman.com/Properties
www.PNC.com
Jason Hartman and Adam start today's show looking at some Zillow stats relating to median home prices and what the average American can actually afford.
Then Jason talks with Jennifer Hsieh, VP of Homes and Villas at Marriott International, about how Marriott is working with short-term rental property owners to become a big player. Jennifer explains why she doesn't feel the short-term market is over supplied and whether this is all just a fad.
Key Takeaways:
[2:50] Self-managing isn't as difficult as you may believe, which can be aided by Jason's new Empowered Investor Community
[6:47] Median home price today is around $227,000 according to Zillow
[10:36] Median household income compared to median home prices is creating affordability issues
[15:59] What to do as an investor if home ownership rates decline, rents start rising and GDP slows
Jennifer Hsieh Interview:
[21:54] Big players have been entering the short-term rental market for a while
[24:05] How does entering your property into the Marriott branded pool work?
[26:30] The target demographic
[30:14] How do companies like Marriott take care of customers when it comes to short-term rentals?
[32:40] What happens to the short-term rental market when the economy turns
Website:
www.JasonHartman.com/Properties
www.HomesAndVillasByMarriott.com
Jason Hartman does another client case study with Lisa, and today is all about metrics. Lisa has seen the Pro Formas available on Jason's website but wants to know which lines are the most important to be looking at when evaluating a property. Then Jason and Lisa move on to self-management and some ways to find a handy man that are outside the norm. Plus, don't forget to celebrate Financial Freedom month throughout July!
Key Takeaways:
[3:31] The 3-5 things Jason looks at first in the Pro Forma
[9:22] The very first thing you need to do when looking at any Pro Forma is checking the assumptions
[12:44] Don't forget to watch and re-watch the 27 minute video that goes over the Pro Forma line by line
[13:42] How Lisa used Lowe's to find a handy man
[17:37] Why Jason's so excited about his new Empowered Investing Network
[19:25] What to do for Financial Freedom month (coming this July)
Website:
www.JasonHartman.com/Properties
Quick Start Podcast
Jason Hartman talks with Andrew Rybczynski, Senior Consultant at CoStar Portfolio Strategy, about what is happening on the construction side of both single family and multifamily properties. The tight labor market is causing unit completion to slow significantly, but there are a massive number of units being started. The two look at the impact of more millennials living at home on the shadow demand for apartments and whether renter demographics are still looking good.
Key Takeaways:
[3:22] We're seeing a lot of construction all around the country, what's the supply/demand outlook?
[7:02] How much are construction costs going up?
[11:02] We're not building single family homes as much as we used to
[13:45] About 32% of adults 18-34 are living with their parents
[16:57] Looking at the spread between an apartment cap rate and a triple B bond
[20:52] How Andrew views renter demographics over the next 10 years
Website:
www.JasonHartman.com/Properties
www.CoStar.com
Jason Hartman and Adam join forces in today's episode to discuss some of the recent economic stats the National Association of Realtors released and why they're important for real estate investors. Adam also has a talk with one of the network's lenders about current mortgage rates, and then the two tackle listener Robert's question about real estate investing during a deflationary period (when Inflation Induced Debt Destruction doesn't factor in).
Key Takeaways:
[4:00] Foreclosures are down, which is both good and bad news for us as investors
[7:36] The 2 ways of determining pending home sales
[11:31] June mortgage update
[16:29] Listener question from Robert about deflation concerns
[20:47] How real estate rents fared during the 30s and 40s in single family and apartments
[24:05] In the past 54 years the number of cost burdened renters has doubled because wages aren't keeping up with rent growth
[30:44] Just because deflation happens doesn't automatically mean your rents are going to go down
Website:
www.JasonHartman.com/Properties
www.JasonHartman.com/Ask
PropertyCast
How Have Rents Changed Since 1960?
Visualization is an immensely powerful thing. What the mind can conceive and believe, the mind can achieve.
Because of the power of visualization, Jason went and found an expert who can help real estate investors get in the right mindset and, hopefully, set you on a path to an even better portfolio and life.
Today is the second installment of our guided visualization journey.
Today's Flash Back Friday comes from Episode 920, originally published in December 2017.
Jason Hartman starts off the show with Investment Counselor Carrie from a single family investment trade show in Phoenix, Arizona. The two have been meeting vendors at the trade show and are absolutely amazed at the opportunities that smart technology is creating for investors. These innovations will allow investors to truly increase their profits as they become more comfortable self managing their properties across the nation.
Then, Jason talks with Cameron Herold, author of Double Double: How to Double Your Revenue and Profit in 3 Years or Less, and Meetings Suck, about how his Vivid Vision can clarify your purpose and help you get on the right path.
It's imperative that every business knows exactly what the mission is, and that every employee in the business knows where the company is headed. It's the only true way to get, and stay, ahead of the competition.
Key Takeaways:
[3:32] There's technology coming that will allow you to review tenants (and have them review you)
[8:14] Smart technology is making it easier to self-manage properties from a distance, and increasing your profits in the process
Cameron Herold Interview:
[14:15] How writing your Vivid Vision can author your future
[17:39] Reverse engineering your Vivid Vision
[20:26] Finding the "sweet spot" in length for your Vivid Vision, and how to properly use it
[23:43] What should you do with your Vivid Vision? How much does David share his?
[28:32] How to run meetings properly
[31:41] How long should you book your meetings?
Websites:
www.CameronHerold.com
Jason Hartman talks with Dr. Warren Farrell, author of books such as Why Men Earn More, The Myth of Male Power and his newest book The Boy Crisis, about the various waves of feminism and what each has done to male/female relationships. Warren explains why he was originally part of the National Organization of Women (NOW) and why he eventually left, as well as the importance of male figures in children's lives.
Key Takeaways:
[2:29] Dr Farrell left the National Organization of Women when the members demanded that children of divorce be kept with their mother, not the father
[5:14] Want to know how messed up the world is? Check out dating sites
[7:34] Examining the 3 waves of feminism, have they been a good deal for women?
[10:55] There's a movement among men who have started thinking that the current family dynamic isn't a good deal because they lose everything if the marriage fails
[13:32] When researching for The Boy Crisis, Warren found 70 ways that boys were being harmed when they didn't have a mother and father influence in their lives
[16:46] At every stage of the prison sentence, the discrimination against men is drastic
[18:14] The pay gap isn't between men and women, it's between dads and moms
[24:40] Women who have never been married and never had children earn 17% more than men do
[29:55] A vast majority of men in prison are fatherless
[34:12] The male/female sexual tango is completely out of rhythm at the moment
Website:
www.WarrenFarrell.com
Jason Hartman and Investment Counselor Carrie take a look at some of the prime markets where first time buyers are looking to buy, with several of them being markets his network is currently selling properties. Then the two look into some responses from listeners about some personal information they shared before coming to Meet the Masters as Jason tries to learn more about his friends.
Key Takeaways:
[2:28] Where first time buyers are looking to buy
[6:05] Terminology that Jason thinks needs to be used
[9:16] Tampa made the list of places people are looking to live, and it's also a market Jason's group is looking at potentially going into
[15:24] The Millennial Struggle House and Home Blogcast
[20:58] Some responses from the Meet the Masters question about some interesting facts about attendees
[25:09] What life lesson Jason learned from his mom when learning to fly
Website:
www.JasonHartman.com/Properties
Jason Hartman talks with Dr. David D Friedman, son of Milton Friedman, former professor at Santa Clara University in the Law School, and author of books such as The Machinery of Freedom: Guide to a Radical Capitalism and Law's Order: What Economics Has to Do with Law and Why It Matters. The two dissect what role the government should have in society: what it's capable of and what it need to steer clear from, while also delving into the 4 problems that need to be addressed in a feud system.
Key Takeaways:
[3:21] How David's thinking is similar and different than his father's
[5:34] Can the government actually be out of everything?
[9:55] One of the mistakes that supporters of free markets make is implying that things won't ever go wrong
[13:25] Market failure is a mark for and against government
[19:17] What David learned about feud law when looking at various legal systems
[23:12] Making the tort claims transferable would make our legal system much better
Website:
www.DavidDFriedman.com
Jason Hartman talks with Doug about why there's been a decline in inventory and what shortages are abound in the housing market. In examining several videos about the housing market and economy, Jason and Doug also look at what impact privatizing mortgages could have and housing affordability in Canada.
Key Takeaways:
[4:52] The big housing shortage is not in McMansions, it's in the 100k range
[8:18] The problem with waiting for the next recession
[13:09] Inventory has declined, which has caused upward pressure on prices
[19:29] When large developers start building an area, they have to keep the sales going in order to make money, so prices can fluctuate
[23:25] The potential impact of privatizing is a prevention of markets overheating
Website:
www.JasonHartman.com/Properties
Email your Spam to reviews@JasonHartman.com
Visualization is an immensely powerful thing. What the mind can conceive and believe, the mind can achieve.
Because of the power of visualization, Jason went and found an expert who can help real estate investors get in the right mindset and, hopefully, set you on a path to an even better portfolio and life.
Today is the second installment of our guided visualization journey.
Today's Flash Back Friday comes from Episode 917, originally published in December 2017.
Jason Hartman is happy to bring one of his clients, Adam Jackson, on to the show to talk about his journey into real estate investing. Adam started buying properties toward the end of 2016, and has subsequently purchased 11 homes in the past year on his quest for financial freedom.
Adam shares what markets he's currently invested in, where he's looking to expand, keeping score with personal financial statements, and keeping a healthy balance.
Key Takeaways:
[9:00] 2018 is predicted to be an earthquake heavy year, so be careful with your property in earthquake zones
[12:22] Venezuela is the latest example of runaway inflation
[15:35] Invest in commodities and fight inflation with income properties
Client Case Study with Adam Jackson:
[17:53] Who is Adam Jackson?
[23:32] Where Adam bought his first property, and why
[25:43] Why Adam chose to buy a home with cash
[33:32] When you suffer through an expensive repair, remember that your loss is shared by the government on your tax return
[36:10] How to keep score via financial statements
[41:04] The P vs PC Balance
[44:10] Adam's attempt at the abundance mentality and trying to pass along whatever wisdom/money/time he can
[47:51] Focusing on a few things in-depth is better than a little bit of everything
Website:
www.JasonHartman.com/Properties
Magic Power by Triumph
Jason Hartman talks with G Edward Griffin, author of The Creature from Jekyll Island, about corporate scams. Too many people hide behind the veil that corporations offer; ripping off consumers and shareholders and letting the company take the punishment. G Edward and Jason discuss this topic, as well as how we can actually change things to allow society to hold those responsible accountable.
Key Takeaways:
[3:47] It can perfectly legal to extract millions of dollars from a company while the shareholders value drops to 0
[6:53] Trying to punish "the corporation" just means that shareholders get hurt
[9:23] How do we hold someone accountable when a corporation does something bad?
[11:09] How to actually make change happen to fix this problem
[14:16] Governments have a perpetual lien on your property. There's no such thing as owning something "free and clear"
[20:15] What is reasoning behind people like Soros when they pump money into politics?
[22:51] The Fabian Socialist Society believed you took over society gradually
[26:30] At what point is it proper for the state to intervene?
Website:
www.RedPillExpo.org
www.FreedomForceInternational.org
www.RealityZone.com
Jason Hartman talks with in-house economist Thomas about how interest rates in the past 10 years have compared to one another. The two explain why interest rates can be so difficult to predict and how these past 10 years are compared to the past.
Key Takeaways:
[3:54] Interest rates aren't completely unpredictable, but they're driven by things where you can't know exactly what's going on
[7:11] Interest rates back in 2010
[16:49] #5 on Thomas' list is 2017, when interest rates dipped under 4%
[21:25] 2015 makes up the #3 spot on the list with interest rates averaging 3.85%
[25:19] The #1 year for interest rates in the past decade
[29:33] Remember that real estate deals can be renegotiated
Website:
www.JasonHartman.com/Properties
Jason Hartman talks with Marc Faber, editor at Gloom, Boom & Doom Report, about what's going on in our economy with the massive asset inflation that's hit in the past few years. The two examine what central banks will have to do in order to deal with the looming shortages and what investments can buck that trend when it arises.
Key Takeaways:
[5:03] Asset inflation is making the rich richer and leaving the poor and middle class behind
[11:10] Will millennials get bailed out by their inheritance from their Baby Boomer parents?
[14:25] The 2 investments that will appreciate in a global downturn
[16:17] 2 ways central banks can print money
[20:49] Inflationary actions can kick the can down the road a long way, but there is one thing that can ruin the party
[22:12] There's now a Saturday episode of Creating Wealth dedicated to Guided Visualization
Website:
www.GloomBoomDoom.com
Jason Hartman talks with client Drew Baker about one of his recent experiences in self-management that differed greatly from when he went through the same thing with a property manager.
They also discuss the new community Jason's trying to start up for self-managing investors, as well as why Commandment #21 is in play for a couple of different things right now.
Key Takeaways:
[2:08] Drew's recent flooring story
[9:11] View your tenants as part of your team
[12:29] The new community that Jason's trying to build
[16:55] Reminder: Wall Street is not the real economy
[24:27] The market constantly prices things in, both on Wall Street and the housing market
[28:20] Some current manias that may violate Commandment 21
Website:
www.JasonHartman.com/Properties
Visualization is an immensely powerful thing. What the mind can conceive and believe, the mind can achieve.
Because of the power of visualization, Jason went and found an expert who can help real estate investors get in the right mindset and, hopefully, set you on a path to an even better portfolio and life.
Today's Flash Back Friday comes from Episode 937, originally published in January 2018.
Jason Hartman starts off today's episode discussing the amazing effect of inflation on assets in all markets. Then he turns his attention toward the upcoming Meet the Masters of Income Property event and gives a little taste of what he'll be discussing (hint: core beliefs investors need to have), as well as why there will be a whole host of Local Market Specialists at the event.
Then Jason goes into the first part of his client case study with Gary & Sue Pinkerton. The two give Jason a lot of background on why they're investing in real estate, why they continued investing even when their initial property went horribly awry, the way (and reason) they went about their mortgage sequencing, and how they picked the markets they're currently in. Part 2 will be aired tomorrow.
Key Takeaways:
Jason Intro:
[3:26] Apple's new code release for their old Lisa computer technology, which would have been a $24,700 desktop today, which shows the power of inflation
[6:26] Jason will be discussing the core beliefs that we all need to have as investors at Meet the Masters
[8:26] What Gary fails to mention at the start of his client case study
Gary & Sue Pinkerton Client Case Study:
[17:15] Gary & Sue's first property did NOT start off well
[22:05] It's crucial to listen to your wife's intuition
[25:57] How Gary & Sue decided to split up their mortgages and why
[29:06] Why Gary & Sue picked the markets they're in today
Websites:
www.JasonHartman.com/Properties
In this 10th episode, off-topic show, Jason Hartman talks with Ocean Robbins, decendant of the Baskin-Robbins family and author of the new book 31-Day Food Revolution: Heal Your Body, Feel Great, and Transform Your World, about the state of American's eating today. The two break down how our diets have changed over the years, why some aspects of our diets are the way they are, how to make a more ethical, sustainable world, and more.
Key Takeaways:
[6:59] Has anything changed since Diet for New America came out?
[9:03] There's a lot of money being made on the status quo
[12:15] What to do if you want a more ethical, sustainable world
[16:34] Jason's theory on meat through the ages
[19:23] We aren't getting nearly enough fiber in our diet now
[21:08] The key use of willpower is to establish healthy habits
Website:
www.31DayFoodRevolution.com
Jason Hartman's Real Estate Investor Update Alexa Skill
Jason Hartman and Doug start today's show looking at how much money the average 20, 30, 40, 50 and 60 year olds have in their retirement savings. There's a discrepancy that can be frightening.
Then Jason finishes his conversation with Laurence Kotlikoff, William Fairfield Warren Professor and Professor of Economics at Boston University, about how his software, Maxifi, can help those people who are planning toward retirement. Laurence explains the intricacies, assumptions that many people don't make when factoring in their savings.
Key Takeaways:
[4:29] You need to think about how much you're saving for retirement as well as how you're saving for retirement
[8:21] The current average savings for those in their 30s
[11:19] Amortization is beautiful because it just happens, there's nothing for you to do
[14:14] Your 40s presents both a danger and an opportunity for your retirement savings
Laurence Kotlikoff, Part 2
[18:31] Is the future inflationary?
[19:58] What do we need to do to plan for the future?
[26:16] How much time it takes to input your data into Maxifi
[29:52] Many people are saving too much for their later life because they're scared
Website:
www.JasonHartman.com/Properties
www.Maxifi.com
www.Kotlikoff.net
www.PurplePlans.org
Jason Hartman's Real Estate Investor Update Alexa Skill
Jason Hartman and Doug start off today's episode with a discussion on the issue of America's retirement savings. There's a looming problem with many people being unable to afford any form of an emergency expense, but also on the other end of the spectrum, as people are getting hit with taxes on their required minimum distributions.
Then Jason has the first part of his interview with Laurence Kotlikoff, William Fairfield Warren Professor and Professor of Economics at Boston University, about the massive amount of unfunded mandates that are awaiting the United States. Currently he has that number pegged around $239 trillion, and there are only a few ways that can be resolved.
Key Takeaways:
[5:03] The Required Minimum Distribution problem
[8:14] Equity values going up 8% a year while the real economy is only going up 2-3%, eventually something has to give
Laurence Kotlikoff, Part 1
[17:57] The most recent number the unfunded mandates are going to cost
[24:52] Does Laurence believe in Supply-Side Economics?
[28:00] Consuming your way to prosperity has never worked before and won't now
[31:20] How Laurence would have dealt with the collapse of Lehman Brothers to calm the public's response to the start of the Great Recession
[35:03] Laurence's take on Jason's 6 ways the government can get out of its hole
Website:
www.JasonHartman.com/Properties
www.Maxifi.com
Jason Hartman and in-house economist Thomas take today's episode to examine the 10 things that are happening in the US and abroad that are making the most impact in 2019. Among them are the US/China trade war, interest rates, the Mueller Report, millennial household formations, and more.
Key Takeaways:
[2:13] The best thing that's happened so far in 2019 is lower interest rates
[4:54] Household formation for millennials is looking really good for investors
[7:36] The Fed being receptive of market conditions has been a good omen for 2019
[12:29] The 3% GDP growth they said we needed to "pay" for the Trump tax cuts happened
[15:28] Blogcast on Creative Destruction
[21:24] The Mueller Report's impact on the housing market
[24:06] The US needs to negotiate with China now before we operate out of a position of weakness
[26:19] When China sat out the bond auction recently it created a wild swing
Website:
www.JasonHartman.com/Properties
www.JasonHartman.com/Cruise
Jason Hartman's Real Estate Investor Update Alexa Skill
Today's Flash Back Friday comes from Episode 892, originally published in October 2017.
Jason welcomes client, Clay Slocum to the show. Clay is a millennial who currently has four properties in his real estate portfolio. Before buying his first property, Clay worked diligently with Oscar, his Investment Counselor, and a Local Market Specialist to play around with the numbers and he discovered his initial investment could grow exponentially. Clay shares his insights on the power of compounding interest, asset protection, and the Memphis market.
Key Takeaways:
[01:10] Jason comments on the Las Vegas terrorist attack.
[09:30] Compound interest can be a powerful tool against inflation.
[15:12] Engineers take an analytical approach to investing.
[17:22] After 18 years, $100,000 grow to 14 million.
[24:43] Jason explains a Deferred Sales Trust.
[28:39] If you are on the fence about investing talk with an investment counselor.
[39:33] Asset Protection is a complicated subject you should speak with a lawyer about.
[48:58] Resources for tax help.
Mentioned in This Episode:
Jason Hartman
Real Estate Tools - Property Tracker Software
Venture Alliance Mastermind
Compound Interest Calculator
Jason Hartman and Adam kick off today's episode answering some listener questions from Brenda and Roger. They want to know about how Jason's family was able to make real estate investing work in California, as well as planning for CapEx repairs as a landlord.
Then Jason talks with Frank Barletta, Co-Founder and CEO of UpTop, about how his software can help self-managing property owners. Frank explains how UpTop helps landlords deal with leases and maintenance requests, as well as how to use the platform.
Key Takeaways:
[3:26] Listen Question from Brenda: Jason doesn't like investing in California but his Aunt has successfully invested in Sacramento, CA. How did she succeed?
[5:58] Real estate as an asset is so powerful that it can turn decent investments into great investments over time
[8:12] How to account for large CapEx repairs
[11:46] It's crucial to look at your inspect report thoroughly and make sure the items that were supposed to be done were done properly so you don't get surprise expenses later
Frank Barletta Interview:
[18:56] What does a landlord do with UpTop?
[21:56] Where UpTop makes its money
[27:01] How UpTop handles leases
[27:48] Dealing with maintenance issues through UpTop
Website:
www.JasonHartman.com/Ask
www.LiveUpTop.com
Jason Hartman's Real Estate Investor Update Alexa Skill
Jason Hartman talks with his Local Market Specialist from the Jacksonville/St Augustine markets about what led him start working in these markets, as well as what types of properties are available. The markets offer new construction single family, duplexes, and short-term rentals for purchase that all cash flow.
Key Takeaways:
[4:35] When Bakersfield real estate stopped making sense, this LMS realized that Florida seemed like a good market
[7:20] The media's attempt at scare tactics for investing in real estate can tell you where we are in the cycle
[13:34] Jacksonville is still below peak pricing
[19:19] The 3 types of properties the Jacksonville/St Augustine markets provide
[24:02] Who are the short-term rental target tenants?
[27:32] You can cash flow expensive properties, but you have to do it in a different way
Website:
www.JasonHartman.com/Properties
Jason Hartman and Adam examine the Investopedia article they referenced yesterday referring to the 9 common effects of inflation. The 2 types of inflation (cost-push and demand-pull) are also broken down in regards to how they impact your property value and rent.
Then the two examine what impact the Trade War with China could have on the markets properties are available in. If production from overseas come back to the United States, where are we likely to see the impact?
Key Takeaways:
[4:18] The 9 common effects of inflation
[9:15] The land value is the one that's susceptible to big swings in value
[12:48] Cost-push versus demand-pull inflation
[15:57] How the Trade War could create cost-push inflation in the linear markets we're investing in
[19:12] If China ever manages to create a middle class they're going to have to deal with a new set of issues, which might make them an inopportune producer
[23:59] When labor shortages hit construction it can make it incredibly expensive to build a house and retain the workers needed
[28:39] Once the Trade War has ended, look at what job sectors are going to be impacted most and adjust your investing strategy accordingly
Website:
www.JasonHartman.com/Ask
www.JasonHartman.com/Properties
9 Common Effects of Inflation on Investopedia
Jason Hartman and Adam take today's episode to discuss the growing trend toward a renter nation. But this trend isn't just for the young, it's for all age ranges. Renters in the 60+ demographic have seen an even bigger percentage increase than those in the 20-34 or 35-59. This is phenomenal news for landlords, as more people are competing to live in your properties.
They then look into the market for pre-fabricated homes, the impact of recent Airbnb decisions, and a brief glimpse at the 9 effects of inflation that will be discussed further in Tuesday's show.
Key Takeaways:
[3:12] The over 60 demographic has seen a 43% increase in renters in the past decade
[6:52] A survey has found that few millennials are viewing home ownership as a necessity
[9:38] How the pre-fab home market is distorted to make it appear to be a cheap alternative
[16:18] A look into one of Jason's blogcasts on wealth creation
[20:34] Airbnb is giving up the addresses of 17,000 units to New York City.
[24:42] A brief look at the 9 effects of inflation
Website:
www.JasonHartman.com/Properties
Jason Hartman's Real Estate Investor Update Alexa Skill
Today's Flash Back Friday comes from Episode 876, originally published in March 2017.
Jason and Investment Counselor Sara discuss the indirect impact of Hurricane Harvey in Houston. It may be one of the worst natural disasters in our nation’s history but an opportunity for rebuilding also exists. Prices will increase for commodities needed for rebuilding the area and labor will be needed in all sectors for those who were directly impacted by the storm.
Key Takeaways:
[01:37] Disaster Capitalists make the most of the tragic flooding in Houston.
[05:25] A moratorium on mortgages benefits those with the most debt.
[11:09] Is it smart to buy properties on the cheap in Houston?
[12:32] How should investors handle damage to their existing properties?
[15:28] The cost of commodities always increase after a natural disaster.
[22:41] Laura wants to know how Jason's single-family portfolio homes performed during the 2008 recession.
Website:
Real Estate Tools
Property Tracker
Administrator@realestate.com - Free 1-hour onboarding session
Venture Alliance Mastermind
Jason Hartman talks with Cynthia Kane, author of How to Communicate Like a Buddhist, as well as Talk To Yourself Like a Buddhist, about how we should be communicating with ourself and with others. Too often we say things hurtful to ourselves and our loved ones which we don't even realize until it's too late. Cynthia explains the elements of right speech that will point us in the right direction, as well as the importance of silence.
Key Takeaways:
[3:23] The most important conversation you can have is with yourself
Cynthia Kane Interview:
[5:50] How does communicating like a Buddhist help you?
[9:39] The importance of "Mindful Listening"
[12:09] How we can use silence in a positive way
[19:43] How do you talk to YOURSELF as a Buddhist?
[23:47] You need to pump yourself up with self talk a little bit
[25:38] The importance of questioning
Website:
www.CynthiaKane.com
Jason Hartman and Adam take today's episode to discuss a new commandment Jason thought of while on the radio in Georgia after the recent Venture Alliance Mastermind event. They also discuss how Commandment #3 would protect investors from some of the exorbinant compensation packages that CEOs are taking that are harming stock holders.
Then Jason recaps the weekend and some of what he learned about tax liens and deeds and potential new markets that he visited while heading home from the event.
Key Takeaways:
[3:04] The compensation of CEOs like Elon Musk shows why you should always maintain control (Commandment #3)
[8:16] Commandment #21 was created just this weekend
[15:02] Cuba doesn't have the port capacity to handle large cruise ships, so you have to take one of the smaller ones
[23:18] Early bird pricing ends June 4
[24:29] The Venture Alliance Mastermind weekend recap
[30:32] If you're going to invest in short-term rentals, make sure that the numbers work even if you have an increase in vacancy and a drop in prices during the next downturn
Website:
www.JasonHartman.com/Cruise
www.JasonHartman.com/Properties
Jason Hartman and Adam start today's show answering a listener question about the value of local real estate investor associations. Jason has some dueling thoughts on the matter, and explains why you need to be wary when joining one.
Then Jason talks with Kelly Alexander, founder of Great American Tax Remedy, about how Kelly has been able to avoid paying Federal income tax since 2014. Kelly's method hasn't had to hold up against an IRS audit, but she's confident that what she's doing is completely legal and can help anyone out.
Key Takeaways:
[4:47] Jason's thoughts on real estate investor organizations
[9:26] Do not fall for the "flavor of the month" or "get rich quick" schemes that you'll hear at some meetings
Kelly Alexander Interview:
[13:40] How Kelly's tax plan to avoid income taxes works
[17:17] Who else is using Kelly's technique?
[18:38] What Kelly does when she gets paid in order to avoid income tax
[28:36] How to report your income on your taxes under Kelly's format
[38:48] Why Kelly's strategy works for both state and federal taxes
Website:
www.JasonHartman.com/Properties
www.MyTaxRemedy.com
Jason Hartman and Kerry take today to look at some of the signs in our economy today that don't point toward a rosy future. But don't take that to mean the sky's falling and we're headed for a doomsday scenario, we've still got some runway left.
The two also discuss how self-management can show you things that you wouldn't have known just sticking with a property manager. You don't HAVE to self-manage, but it's important to know how to self-manage so you don't get taken advantage of by your current manager.
Key Takeaways:
[2:39] There are ominous signs out there for the economy, so we'll see how much longer it can hold them off
[5:47] For the first time in a long time, Kerry is bullish on the New York real estate
[13:13] Where will the next recession come from?
[17:05] There's an urgency that you need to do something now rather than waiting around
[21:04] Why Kerry thinks Indiana has been the longest running market for Jason's company
[25:19] Utilize your tenants as your assets
[30:51] If you choose to self-manage, remember to track ALL of your expenses
Website:
www.JasonHartman.com/Properties
Today's Flash Back Friday comes from Episode 887, originally published in September 2017.
The US is facing a looming financial crisis. In this episode, Jason outlines six business plans the government can use to ease its inflationary pressures. Four of the plans could result in negative outcomes, while the final two plans could achieve debt repayment by way of inflation. Understanding inflation and all of its aspects are not for the light-hearted. Jason explains inflation, how the government reports on inflation and offers up some educational resources for those who want to know more.
Key Takeaways:
[04:35] Technology is changing the game in all aspects of life.
[11:15] Meet the Master's of Income Property Event is a 3-day event in January 2018.
[14:15] Jason identifies 6 ways to deal with inflationary pressures.
[21:17] Using inflation as a tool to avoid paying debts.
[27:39] Understanding the difference between real and nominal and price and value.
[33:49] Redistributing wealth through inflation.
[40:11] The three ways the government manipulates inflation statistics.
Mentioned in This Episode:
Property Tracker
Real Estate Tools
Short-Term Rental Council
Confessions of an Economic Hitman by John Perkins
Jason Hartman talks with Josh and Mike from Elite Group Inspection Professionals about what to expect when getting a home inspection. A good home inspection can save you thousands, and a bad home inspection can cost you thousands. It can be tough to figure out who you can trust when you're getting one done, but Josh and Mike give you some resources to finding a competent inspector and what the major things you should be looking for on your inspection reports.
Key Takeaways:
[6:49] Make sure you check your home inspector for licenses, certifications and insurance
[9:36] Some of the biggest concerns from buyers
[14:15] The pros and cons of various roof types
[19:09] Expect a lot detail about repairs needed in your inspection, but not about how much they will cost to fix
[22:43] What to look for on the interior of the house
[25:50] When you need to get a re-inspection done
[28:39] Some of the common plumbing problems
Website:
www.EliteInspections.com
Jason Hartman and Drew do a small client case study about his journey of self-management, then move into the finale of Jason's examination of Kyle Bass' speech about China. Finally, Jason and Drew explain how Commandment #3 (Thou Shalt Maintain Control) and Tesla's current situation go together, as the company continues to make some poor business decisions and hemmorage money.
Key Takeaways:
[2:50] Drew's new roof on his Indianapolis home
[9:54] When you self-manage, your tenant is part of your team
[13:59] Is self-managing really worth it to Drew or is he doing menial work that's not worth it?
[15:52] Revisiting Kyle Bass' speech
[23:06] How Commandment #3 and Tesla mix
[27:03] Tesla is getting dumb money and pillaging it
[30:29] In real estate you can fire someone and get another person to do the same job. With big companies like Tesla, you fire Elon Musk and the company's in trouble
Website:
www.JasonHartman.com/Cruise
www.JasonHartman.com/Properties
Jason Hartman and Adam start today's episode by answering a listener question from Amina, who wants to know what her options are after she maxes out her Fannie Mae and Freddie Mac loans. Surely there are options out there, but what are they?
Then Jason has a client case study with David Nelson, who, along with his wife, has amassed a real estate portfolio that has allowed her to retire early to focus on their holdings. David discusses how his cockiness led him into a bad deal, why continual education is important and where his journey is heading.
Key Takeaways:
[5:15] Listener Question from Amina: what do you do after you max out your Fannie Mae/Freddie Mac loans?
[10:34] If you're wanting to cruise to Grand Cayman, Jamaica and Cuba you need to sign up soon!
David Nelson Client Case Study:
[17:19] David started getting cocky investing in 2016 and didn't pay enough attention to his inspection
[20:24] Jason's group doesn't do any one off deals
[24:28] How self-management has gone for David so far
[29:18] When you combine education with action you can accomplish nearly anything
[33:01] Why being 80% in on one asset class isn't necessarily a mistake
Website:
www.JasonHartman.com/Cruise
www.JasonHartman.com/Ask
Jason Hartman and Adam use today's episode to discuss some important information about rental rates vs income growth, answer listener questions and what Mark Zuckerberg's college roommate thinks about him.
Key Takeaways:
[3:29] Rents have been rising faster than incomes in most of the United States
[7:56] Investing in a prudent market with lots of government jobs could be helpful for rents not decreasing
[13:31] Would real estate investing make sense if another Depression hit the US?
[23:36] Population decline can be devastating for real estate investors
[29:06] Once big tech companies get their funding they start to lose their touch with the people
Websites:
www.JasonHartman.com/Cruise
www.JasonHartman.com/Ask
Jason Hartman's Amazon Flash Briefing
Today's Flash Back Friday comes from Episode 872, originally published in August 2017.
Jason welcomes Patrick Donohoe of The Wealth Standard Podcast to discuss the dirty details of pensions, insurance policies and Ponzi schemes. Jason describes the difficulties and common mistakes average retail investors make when investing in financial services. And, Pat gives a comprehensive overview of how to make the most of your existing policies in order to invest your money in the most historically-proven asset class, income property.
Key Takeaways:
[02:25] Is the US a giant Ponzi scheme?
[05:31] Understanding the difference between pension benefit plans and contribution plans is essential.
[15:15] The financial service industry preys on retail investors.
[20:49] Harry Markopolos is waiting to capitalize on a market correction.
[27:09] Analyzing the patterns and mistakes of the middle-class investor.
[35:27] The Wealth Standard Podcast focuses on helping individuals understand the comprehensive nature of the economy.
[37:49] Pat explains how policyholders can reduce their risk and get investment money for cash-flow properties.
Mentioned in This Episode:
Be Your Bank
The Wealth Standard
The Wizard of Lies
401K Jail Article
Venture Alliance Mastermind
Jason Hartman and Adam start off today's show talking about the topic of the news today: Trump's billion dollar "loss" over a 10 year period. What the media fails to mention throughout the whole thing is that he didn't actually LOSE any of that money, he simply had massive deductions thanks to the beauty of real estate phantom deductions.
Then Jason talks with Steve Jones, CEO of Allied Universal and author of the book No Off Season: The Constant Pursuit of More, about how his career in sports translated into business success. Steve and Jason look at the various skills learned in sports and how can each be applied to the business world, whether you're an employee or employer.
Key Takeaways:
[2:55] People are horribly off target thinking Trump is a "Billion Dollar Loser"
[5:21] Real estate deductions run on a depreciation schedule
[9:37] Real estate offers you a tax deduction you can't get any other way
[11:44] How property tax states are able to increase their revenue through land value
Steve Jones Interview:
[18:16] Your ability to overcome obstacles is going to make or break your success
[21:05] Sports teaches you how to work as a team
[24:10] Some techniques on how to keep the team cohesive when dealing with adversity
[27:49] With no action steps in place you only have a dream, not a plan
Website:
www.AUS.com
www.JasonHartman.com/Properties
Jason Hartman wraps up his talk with Drew from yesterday, as the two leave the topic of self-management and delve into more economic lines of conversation. Jason brings up a recent Peter Schiff tweet and the two dissect whether it holds water in today's environment, as well as discussing how articially low interest rates are impacting the investing landscape we see today. They also discuss a different way to look at the rents you're collecting from your tenants in a way that makes it even more powerful than it looks at first glance.
Key Takeaways:
[3:01] If falling consumer prices have been good for the last 100 years, why does the Fed think they're bad now?
[6:25] The artificially low interest rates are encouraging bad investments
[10:24] Who's going to get hit hardest in the next recession?
[14:10] Targeted advertising is keeping us from seeing a large chunk of the world today
[19:54] It's important to hold yourself accountable the same way you hold your tenants accountable when dealing with your investment properties
[23:57] Your tenants are working 33-40% of their work life just to pay you
Website:
www.JasonHartman.com/Properties
Jason Hartman talks with client Drew Baker in part 1 of their interview about the new developments in Drew's journey in self-management. Drew gives Jason a rundown on how he deals with lease renewals, some of the repairs he's doing to his properties in order to retain his tenants, and what software he's using to keep track of it all. Jason also gives Drew a little bit of advice on how he may be able to accelerate his depreciation in a cost effective manner.
Key Takeaways:
[5:15] The one type of pollution that China doesn't have, that America has PLENTY of, is noise pollution
[10:35] An update on Drew's self-management process
[13:38] Cost segregation studies have become reasonably priced for single-family homes and could well be worth the cost
[18:29] Drew tries to get his leases to come up for renewal in the warmer months, as well as signing a 2 year lease
[22:00] Drew's approach to lease renewals
Website:
www.JasonHartman.com/Properties
Jason Hartman takes today's show to go over his thoughts on J. Kyle Bass's speech from the recent CPDC Conference about China. As the second largest economy in the world, China carries a lot of weight, claiming to have around 15% of the world's GDP. But a closer look at the numbers gives us a sense that it might not actually be true. There are dangers lurking in the China economy that could lead to some bad events.
Then Adam talks with Graham, one of the mortgage lenders with the network, about what interest rates investors can be expecting this month.
Key Takeaways:
[3:13] China claims to have 15% of the world's GDP, but there's little to prove that's true
[5:49] Jason used to listen to the doomsayers, but it's not going to happen with such a demand for dollars
[9:47] Endowments don't invest in the greatest things, but it's not a problem that should be that difficult to solve
[16:12] The dangers present in China in their banking sector
[19:16] Hong Kong is the most expensive real estate in the world, at $10,000 per square foot
Adam's Mortgage Update:
[23:43] We're seeing investment mortgage rates in the low-mid 5s
[27:05] What will happen if the Fed decides to cut rates this year?
Website:
www.JasonHartman.com/Properties
J Kyle Bass's Speec at CPDC Conference
Today's Flash Back Friday comes from Episode 363, originally published in February 2014.
"The Cow Guy" Scott Shellady is the Senior Vice President of Derivatives at the Trean Group. He joins the show to discuss where people should start when investing in tangible assets.
Shellady believes in SWAGER for investing, standing for Silver, Wine, Art, Gold, Energy and Real Estate. He thinks SWAGER investments are a good choice for current investors.
The topic then shifts to how boomers can prepare for retirement. Shellady explains the most common mistakes baby boomers make with their finances and what they do if they were laid off or fired during the recession to protect their retirement.
Website:
www.TreanGroup.com
www.Twitter.com/ScottTheCowGuy
Jason Hartman brings this episode to you from China, where he has seen the impact of the rising middle class. While it may seem to be a world away, the growth in construction in China is impacting the cost of construction here in the United States as well.
Then Jason talks with Anna Myers, Vice President of Grocapitus, about how to analyze deals, specifically for multifamily. Anna's group is all about finding the right deals in the right market, and she talks with Jason about which markets are looking good and which are past their peak, along with why the demographics for real estate investors is still incredibly bullish.
Key Takeaways:
[3:28] The Chinese surveillance state is rampant and the country seems very wary of terrorism
[7:04] The rising middle class in China has led to a large amount of higher end stores
[10:31] All buildings are made from the same materials, so when there's a building boom in China it impacts builders everywhere
Anna Myers Interview:
[13:08] What is Anna's definition of "data driven real estate investing"?
[18:23] How can you know when the supply of starts is going to meet the demand for jobs?
[21:51] Things you need to be looking for at the neighborhood level of your market
[27:36] Anna's team is looking at approximately 80 markets a quarter
[31:28] What kind of properties does Anna have in her portfolio?
[33:47] The stigma of renting is gone as Millennials and Baby Boomers are now renting
Website:
www.JasonHartman.com/Properties
www.Grocapitus.com
Jason Hartman begins today's episode from the city of Shanghai, one of the largest (and densest) cities in the world. Since he's been in town he's started thinking about the importance of population density on real estate. It impacts everything from quality of life to desirability of businesses to the pricing of every unit.
Then Jason talks with client Greg Scott about his journey from accidental landlord to an owner of multifamily properties. Greg and Jason examine why people don't know whether they're winning or losing, how Greg was able to continue investing through the Great Recession, and what sort of demographics are making being a landlord look better and better.
Key Takeaways:
[3:46] It's important not to overlook the importance of population density
[6:27] One of the huge drivers of real estate prices is population density
[11:10] Even after "graduating" to bigger deals, Jason believes the single family home is the best deal out there
Greg Scott Interview:
[14:46] Greg's journey to becoming an accidental landlord
[18:23] People often don't know whether they're winning or losing
[23:29] When you hear about the returns people get from real estate and want to do the same, you have to actually act on it
[25:03] Greg's plan for his new multifamily facility
[27:49] How worried was Greg when he was investing in property during the Great Recession?
[31:555] Does Greg see the same thing about high rental demand as Jason does?
Website:
www.JasonHartman.com/Properties
From Hong Kong, China, which Jason calls the "Jewel of Capitalism", Jason Hartman delves into what he's seen about real estate and economics from his trip. If you think real estate in the US is expensive, you ain't seen nothin' yet.
Then Jason talks with Chris Martenson, co-founder of PeakProsperity.com and co-author of Prosper: How to Prepare for the Future and Create a World Worth Inheriting, about how the era of abundant, cheap energy is gone and our world needs to change with it. That doesn't mean abandoning everything we have now, but just recognizing the actual situation and adjusting our investments/behavior accordingly. Chris and Jason also discuss the future, and whether we're going to see inflation, deflation, or a little bit of both.
Key Takeaways:
[3:06] Hong Kong real estate has prices per square foot that are unfathomable
[7:35] There's always the real economy and the symbolic economy, and they're vastly different
Chris Martenson Interview:
[14:20] There are 2 ways humans change
[19:32] It's getting costlier and costlier to get less and less oil out of the ground
[22:08] The easy, cheap energy from the past is gone, which explains why the global growth rate for the last 15 years has been subpar
[28:09] We're beginning to see that raising children in a dopamine heavy technological world is creating issues we hadn't expected when it began
[33:02] We have a lot of debt in our society, so deflation is ready to take over
Website:
www.JasonHartman.com/Properties
www.PeakProsperity.com
Jason Hartman brings you this episode from China with Venture Alliance Member Carmen. Jason describes how his visit to China is influencing his previously held thoughts about the country and how the looming asset shortage is a beautiful things for real estate investors.
Then Jason talks with Jorge Newbery, founder and CEO of Debt Cleanse, founder of American Homeowner Preservation and author of Debt Cleanse: How to Settle Your Unaffordable Debts for Pennies on the Dollar, about how he was able to climb out of a $26 million hole and how others can follow in his footsteps. This isn't about cheating your way out of debt, it's about using the same rights that creditors have because you need to protect yourself from predatory lending practices.
Key Takeaways:
[4:23] Jason got to visit the railroad station that was built to link North and South Korea in the future
[7:54] 5 star in the US has nothing on 5 star in Asia
[11:26] How Jason's visit to China has changed his views on the China economy
[13:39] The looming asset shortage, and why it's good for real estate investors
Jorge Newbery Interview:
[18:57] Debt may seem simple, but it's a lot more nuanced that you'd first believe
[20:42] If you can't afford your debts, the best thing you can do is to stop paying them
[23:54] How Jorge got started paying off his $26 million debt
[26:31] What kind of errors you should be looking for from your lendors
[32:21] The elite have often used debt as a way to enslave the lower classes
Website:
www.DebtCleanse.com
Debt Cleanse: How to Settle Your Unaffordable Debts for Pennies on the Dollar
Today's Flash Back Friday comes from Episode 662, originally published in April 2016.
Jason takes a break from a Social Media conference to analyze stories from the USA Today’s Money section. He shares the new tech items which will affect real estate pricing in the future, the underemployment issue in the US and the median wage of CEO’s of major corporations.
Key Takeaways:
[4:24] Live video and Virtual Reality (VR) will impact real estate pricing by changing the value of the three cardinal rules of location, location, location.
[9:26] A 5% unemployment rate in the US means everyone who wants a job has a job. The real problem is underemployment.
[15:10] Some CEO’s make $9000.00 an hour while minimum wage workers are looking for $15 an hour.
[22:09] Does an early retirement equate to an early death sentence?
Mentioned in This Episode:
Jason Hartman
Venture Alliance Mastermind
Jason Hartman and Adam start off today's show talking about one of Jason's favorite things when it comes to real estate investing: the Housing Affordability Index. The two really look into how the index is created, what elements go into it, and look at how affordable some of the markets they're investing in are.
Then Jason talks with James Whittaker, author of Think and Grow Rich: The Legacy and host of Win the Day with James Whittaker, about how Napoleon Hill's original Think and Grow Rich still applies in today's world. James and Jason look at how you can reprogram your brain and why his book still matters all these years later.
Key Takeaways:
[4:09] The formula for the Housing Affordability Index
[8:43] Looking year over year you can see which direction a market's affordability is heading
[11:18] How Financial Immaturity is helping investors
[14:20] Housing affordability doesn't factor in a critical element
James Whittaker Interview:
[19:36] What's the big deal about Napoleon Hill's Think and Grow Rich?
[22:55] The mastermind principle
[28:33] Is everything from the original Think and Grow Rich still valid or do we have to modify it for today's world?
[31:19] Opportunities will come, so you have to constantly be ready
[35:06] Reprogramming your mind to conquer limiting beliefs and start living with intent
Website:
www.JasonHartman.com/VAM
www.JamesWhitt.com
Jason Hartman starts today's show with his in-house economist Thomas to discuss the new tax law and the impact it can have on people's tax brackets. They also dive in to why the government is interested in keeping the official inflation rate lower than actual inflation rates, as well as when it can really hurt the average citizen.
Then we have a clip from the 2019 Meet the Masters of Income Property event where he discussed the good, the bad, and the ugly of self-management. Drew provides some insight into what's happened with the 8 properties he's self-managing right now, how he deals with issues that spring up (Amazon has been a life saver) and lessons learned about relationships with tenants.
Website:
www.JasonHartman.com/Properties
Jason Hartman and Adam start the episode today discussing landlord friendly markets. Specifically, how you can determine whether you're investing in markets that are. Jason explains an easy (but not foolproof) way to figure out if a market is friendly to investors, as well as another way to find out the difficulties of evicting tenants in your potential market.
Then Jason talks with Mark Smukler, co-founder and CEO at Bixby, about self-management. Mark explains how Bixby is designed to help self-managers and some of the best practices those who decide to self-manage can utilize. This includes how to handle maintenance requests, rent collections and keeping a healthy distance between yourself and your tenants.
Key Takeaways:
[3:49] How to find landlord friendly states
[8:03] The most landlord friendly state in the country is Arkansas
[10:47] Ask a few property managers to find out how eviction laws in the state/city work
Mark Smukler Interview:
[14:44] The two ways Mark sees Bixby working
[18:15] How maintenance requests and rent collections work in Bixby
[22:09] Bixby allows credit cards to pay rents, and credit card fees can be disputed. How does Bixby deal with that?
[23:44] Some property management best practices
Website:
www.LiveBixby.co
www.Twitter.com/LiveBixby
www.JasonHartman.com/Properties
Jason Hartman and Adam start today's episode answering a listener's question about whether it's better to invest in a single-family home or to look at larger, pooled assets like a 16+ door multifamily. Jason reminds everyone about Commandment #3, which is especially critical in decisions like these.
Then Jason talks with Mark Dolfini, Landlord Coach and author of The Time Wealthy-Investor, about best practices for self-managing your properties. Mark discusses the importance of treating your investments as a business and how to create a healthy distance between yourself and your tenants.
Key Takeaways:
[7:05] Single family homes tend to get better tenants, appreciate better, get better financing options and several other perks over multifamily
[10:14] The risks of investing in pooled assets. Don't violate Commandment #3!
[12:20] RV ratios for apartments will be higher because of shared walls, but don't let that be your determining factors between the 2.
Mark Dolfini Interview:
[14:53] You have to think of your real estate investments as a business
[17:34] A simple tweak to keep from giving your cell phone number to your tenants
[22:33] Whatever you're doing, it has to be scaleable
[28:07] The software Mark likes to use
Website:
www.LandlordCoach.com
www.NTNOnline.com
www.IVAA.org
www.CCMyAdmin.com
Today's Flash Back Friday comes from Episode 371, originally published in April 2014.
A best-selling author, speaker and a member of an elite group of "Rich Dad's" advisors, hand selected by author Robert Kiyosaki, Garrett speaks to investors and entrepreneurs on a variety of topics including asset protection, liability limitation, wealth creation, as well as various business and real estate issues. As an advisor for Robert Kiyosaki, Garrett has authored Own Your Own Corporation.
Garrett's books provide an accessible source of information for building your own success. A member of the State Bars of Nevada and California, as well as the American Bar Association, Garrett attended Colorado College and the University of California at Berkeley where he received a B.S. in Business Administration in 1975. In 1978, he graduated with a J.D. from University of California's Hastings College of Law in San Francisco.
Beyond his desire to educate people and business in wealth protection and growth, Garrett serves on the boards of the American Baseball Foundation, located in Birmingham, Alabama and the Nevada-based Sierra Kids Foundation.
Website:
www.CorporateDirect.com
Jason Hartman and in-house economist Thomas start off today's show discussing what inflation really is, and how it's measured. There are different ways inflation can be manipulated, whether it's for political gain or belief system.
Then, Jason talks with Mark Ferguson, founder of InvestFourMore, about the state of the housing market in Mark's area of northern Colorado. The two examine the lack of inventory, best rehab practices, what (and when) to rehab, and keeping contractors in line.
Key Takeaways:
[2:38] How inflation really works and what "core inflation" is
[6:27] The 3 major ways we're convinced inflation is lower than it really is
[9:39] The importance of hedonics and what Jason hates about it
Mark Ferguson Interview:
[15:13] Mark is seeing a slowdown in his area
[18:57] Things are slowing down, so why isn't there inventory available?
[22:52] When the market slows down, rents tend to get strengthened
[24:57] Best practices for rehabbing properties and keeping contractors honest and accountable
[28:05] How do you decide what to rehab?
[30:42] Mark's experience buying a strip center
Website:
www.JasonHartman.com/Properties
www.InvestFourMore.com
Jason Hartman is joined today by Kerry and Carmen as he does one of his last shows from the United States for a little while. Jason and Carmen are off to mainland China and South Korea for a few weeks and they discuss what changes Carmen has seen among all her trips.
The trio also look at what the Fed rate hikes and cuts have done to the investment real estate market, as it has created an interesting scenarios for buyers that could be very helpful. Finally, Jason has an "investigative report" from the inside of a ride-sharing trip talking with a former employee of Amazon on how we have been misled a little by the company.
Key Takeaways:
[2:57] How much of the Fed's rate hikes have been in an attempt to "reload the gun" for the future?
[6:11] What the apreciating US dollar is doing to investors around the globe
[9:16] Rates are coming down currently but prices aren't rising, which means it's a good time to be buying real estate
[12:28] Carmen's previous experiences in mainland China
[18:03] Jason and Carmen's visit to the Amazon Fulfillment Center and an interview with a former employee
[21:37] Amazon pickers are walking at least 10 miles a day to get orders together
[23:22] The pay raise that Amazon gave their warehouse employees was offset by a slash in benefits
[28:59] Jeremy Siegel's "Looming Asset Shortage" article
Website:
www.JasonHartman.com/Properties
www.JasonHartman.com/Cruise
Jason Hartman and Adam take today's show to look at several articles about today's economy and housing market. The first one is about former Fed Chairman Alan Greenspan's thoughts on the economic state of our country in regards to the growing entitlement culture in America. The other article is about Zillow's foray into the home buying/selling world. Adam and Jason break down how each of these things will impact the average real estate investor.
Key Takeaways:
[3:34] The 10/1 ratio for the S&P and mortgage rates
[10:13] The possibility of investing in assisted living centers isn't as appealing as some make it out to be
[15:29] Money goes where it's treated best
[16:32] How Greenspan's comments correlate with what the current Fed has said about interest rate hikes this year
[19:12] Zillow's venture into the home buying/selling marketplace
[22:41] Institutional investors will take a lower return than a single individual
[25:31] Warren Buffett's giant problem
Website:
www.JasonHartman.com/Properties
www.JasonHartman.com/Events
Jason Hartman and Investment Counselor Sara are on today's show discussing what makes for the "best" market for real estate investing, as well as branching out into new markets and whether you should buy new construction or rehabbed properties.
After Jason finishes his talk with Sara, he talks with Julia, who will be speaking at the event in Savannah, GA about tax liens and deeds. She gives a brief intro to what they are and what she'll be discussing at the event.
Key Takeaways:
[4:05] What makes a top market?
[6:50] Starting to branch out into Pennsylvania
[12:36] What some clients across the globe have been up to recently
[17:30] New construction versus rehab
Tax Liens and Deed Interview:
[23:59] An intro to tax liens and tax deeds
[24:57] How Julia was able to buy a house in Savannah for simply paying back taxes
[27:26] Julia will be teaching how to avoid problem properties and how she evaluates deals
Websites:
www.JasonHartman.com/Properties
www.JasonHartman.com/Events
Today’s Creating Wealth Show is all about the ins and outs of real estate investing. Jason Hartman discusses what you can do to find your way on the path to wealth and how you can make the most of taxation (really!).
Key Takeaways
1.45 – The path to wealth lies in diminishing our wants as we simultaneously increase our incomes.
07.05 – With taxation being everyone’s single largest expense, we need to find a way of working that in our favor.
10.05 – Depreciation tax deduction is, without a doubt, great for real estate investors.
14.04 – Income property gives you the benefit of trading assets through your life without paying taxes – legally.
19.43 – Yet another benefit is that travel expenses such as gourmet restaurant dinners and luxury hotel stays can sometimes be tax deductible. Even trips to the Creating Wealth Seminars and Property Tours could be deductible!
Website:
www.JasonHartman.com/Properties
There's a lot of money going into tech stocks in today's world, which was the case back in the late 90s. There are some other signs that we may be entering that territory again. Jason Hartman and Adam break down an article that gives 7 signs that we may be headed for round 2 of the dot com burst and see if they agree with the points.
Then Jason talks with Tal Tsfany, President & CEO of the Ayn Rand Institute, about free speech on college campuses, how we should be defining things like happiness and selfishness, and why we should be focusing on the self. They also examine the philosophies of those who want to tax the rich in order to redistribute wealth.
Key Takeaways:
[2:18] Venture Capital investment in tech is around 1999 levels
[6:41] The trait behind the boom and bust of the 90s
[12:09] How growth stocks vs value stocks relates to the housing market
Tal Tsfany Interview:
[16:28] What's happening with speech on college campuses is a result of progressive philosophies
[18:16] What would Ayn Rand's political views be in today's world?
[21:56] Ayn Rand's definition of happiness
[25:23] Love is a goal or value that you pursue. It's a spiritual trade
[29:20] Ayn's definition of selfishness
[33:18] Berkley students in the 60s were reading Ayn Rand to be cool, but not following through on the axioms
Website:
www.AynRand.org
Have you started teaching your kids how to invest? That's the question that Jason Hartman and Adam tackle in the opening part of today's show. The two discuss some of the more important things you can talk to your kids about in order to set them up for a lifetime of successful investing.
Then Jason talks with Anton Ivanov, founder of DealCheck.io, about his real estate journey and what made him create his deal evaluating software. The two also explore what metrics real estate investors can use to best evaluate deals and where to get numbers that will actually give you accurate results.
Key Takeaways:
[2:55] The first thing you might want to do to teach your kids about investing and how Adam is approaching it with his kids
[7:00] Jason's first savings account
Anton Ivanov Interview:
[14:57] How Anton became an accidental landlord and started his real estate journey
[18:07] How the need to evaluate deals led to Anton's technology, and how to evaluate deals in general
[21:26] The only sure way to get accurate numbers in cash flow or profit equations
[24:13] Some of the metrics Anton loves to use
[28:35] Is the future for landlords as good as Jason believes?
[35:12] You can buy in blighted areas if you want, but know that they can take a REALLY long time to turn, if ever.
Website:
www.VentureAllianceMastermind.com
www.DealCheck.io - Promo Code CW25OFF
Jason Hartman and Investment Counselor Doug take a look today at how to protect yourself from identity theft. 11 major companies had breaches in the past year, nearly guaranteeing that your information was among them. Hear from these two about steps you can take to protect yourself as best you can. They also look into how the McMansion market is tanking, the need for financial literacy in today's school system and household debt across the United States.
Key Takeaways:
[6:18] The McMansion glut is here, and the sales prices aren't pretty
[9:38] The median retirement savings for Americans aged 55-64 does not show good things
[13:35] School systems need to teach financial literacy
[17:11] Protecting yourself from the crime of our time: Identity theft
[20:20] What locations have had data breaches recently
[25:09] You can subscribe to identity monitoring services, but the best thing you can do is educate yourself
Website:
www.JasonHartman.com/Properties
Jason Hartman and economist Thomas open today's show discussing some less talked about aspects of the 1031 exchange. This conversation focuses on how you can incorporate personal property in your exchange and the deadlines the IRS imposes when you're doing your exchange.
Then Jason talks with Rich Dad Advisor and multifamily property investor Ken McElroy about his recent sale of $300 million worth of property, as well as supply levels of multifamily properties, why Ken is still bullish on real estate and the future of interest rates.
Key Takeaways:
[6:25] How to lump personal property into your 1031 exchange
[8:04] IRS time deadlines for 1031 exchanges
Ken McElroy Interview:
[12:45] Why did Ken choose this time to sell his properties and how did he do it?
[17:05] Cap Rate fails to take appreciation into account
[19:01] Is there an oversupply of multifamily that's causing rents to not grow as quickly?
[23:06] What Ken has learned about his facilities for the 55+ community
[24:54] Why Ken is still bullish on real estate
[28:38] Capital always looks for safety in the US
[32:21] The impact things like ride sharing and autonomous cars are having (and will have) on real estate
[35:04] Ken's take on the future of interest rates
Website:
www.JasonHartman.com/Properties
www.KenMcElroy.com
Today's Flash Back Friday comes from Episode 407, originally published in September 2014.
Matt Theriault is is an entrepreneur, author and success coach who shows people how to start over and begin a new life setting goals and objectives so they can create wealth and live life to the fullest. Matt is the founder and host of the Epic Real Estate Investing and Do Over podcasts.
Website:
www.EpicRealEstate.com
Jason Hartman begins today's show discussing where the real growth in wages is happening. Fortunately it's happening in the "real" economy, meaning those jobs that are involved in creating the widgets that we use. That sort of data really helps the linear rental markets that we're investing in. He also provides some economic data that's been released recently.
Then Jason talks with Jeff Ferry, Chief Economist at the Coalition for a Prosperous America, about what's going on with the US trade war. Jeff has some ideas on how to close the gap between the US and the rest of the world, but Jason has some questions about whether they would cause inflation. They also look into America's manufacturing sector and why we need to ramp it back up.
Key Takeaways:
[2:52] People with no college degree are seeing their wages climb faster than people with college degrees
[6:21] When you have a strong manufacturing base in a real estate market, you have stability
[11:33] The economy has to be made up of many different players, and none of them are unimportant
[15:45] Consumer confidence slipped for the 4th time in 5 months and housing starts fell 8%
Jeff Ferry Interview:
[19:35] Jeff's thoughts on the current trade situation
[23:51] One of Jeff's solutions for helping cure the trade imbalance is to reduce the value of the dollar
[27:45] How would devaluing the US economy impact our purchasing goods from other countries and how would it impact the economy at home?
[30:57] You have to have capital formation for a society to create wealth
Website:
www.ProsperousAmerica.org
Jason Hartman and his in-house economist Thomas begin today's show by looking at how the tax reform is impacting home ownership across the country. Deductions that use to be highly favorable to many families have now become not as useful as the standard deduction was nearly doubled under the new law. This could cause some people to view purchasing a primary residence a bit differently.
Then Jason talks with Blake Harris, NY Times best selling author of the new book The History of the Future: Oculus, Facebook & the Revolution That Swept Virtual Reality, about the impact technology is having on our lives and how virtual reality can (and currently can't) fit into them as well. The two examine who the leaders are on the VR front, what price point you're currently looking at versus how much it may cost in the future and more.
Key Takeaways:
[6:12] When the government disincentivizes home ownership, investors win
[10:38] Some quick and simple math about how changes in the tax law is making some families lose deductions
Blake Harris Interview:
[14:29] Is the Virtual Reality revolution over before it's even really begun?
[17:25] How technology could change the way we look at properties
[20:56] What is "affordable" for virtual reality equipment?
[22:38] Oculus is the clear leader for now, but who's coming behind them?
[26:55] How virtual reality can be used in a social context
[30:52] How much farther can virtual reality drive the retail apocalypse?
Website:
www.JasonHartman.com/Cruise
www.BlakeJHarris.com
Jason Hartman and Adam tackle several issues in today's episode, including the potential of Fannie Mae and Freddie Mac returning to a private company, why it can be dangerous to invest in condos and why Jason would allow a lender from Wells Fargo to come to his events. Hear about this and several other current events of the day, as well as the April edition of the mortgage update. Adam interviews Joe the Lender and found out what investors can expect for their loans, the reserves you need to buy homes and more.
Key Takeaways:
[3:06] Trump has signed a memo to consider ending the government conservatorship of Fannie and Freddie and allow them to return to private companies
[7:59] You can be self-reliant and not like government handouts, and think philosophically that things are wrong, but in practice sometimes you should take advantage of the situation
[11:19] Why Jason doesn't like investing in condos
[15:40] Jason's journey on The Goodyear Blimp
[19:06] Why Jason allowed a Wells Fargo lender to come to his events recently
[21:38] "Kneejerk Capitalism"
Adam's April Mortgage Update:
[23:59] What rate can investors be expecting in today's market?
[29:13] Reserves needed when seeking a Fannie or Freddie backed mortgage
Website:
www.JasonHartman.com/Properties
Jason Hartman talks today with Frank Gallinelli, founder and President of Real Data and author of the book What Every Real Estate Investor Needs to Know About Cash Flow & 36 Other Key Financial Measures, about what metrics Frank finds the most important for single family home investors to pay attention to. They also discuss the "holy grail" metric that investors should be using and when you actually SHOULDN'T invest in real estate.
Key Takeaways:
[4:30] One of the costliest mistakes Jason has made in his life
Frank Gallinelli Interview:
[6:23] What are the core metrics that real estate investors should be looking at?
[11:09] You should try and forecast best case, worst case, and in-between case for your properties
[12:32] What is discounted cash flow?
[15:07] The holy grail metric is still IRR (Internal Rate of Return)
[16:56] A different way to view Return on Equity
[20:29] Is there a time where it doesn't make sense to acquire properties?
[26:14] Education is absolutely vital to being a good investor
Website:
www.JasonHartman.com/Cruise
www.RealData.com
www.VentureAllianceMastermind.com
Today's Flash Back Friday comes from Episode 387, originally published in July 2014.
Robert Kiyosaki is the acclaimed author of Rich Dad Poor Dad. The Rich Dad Company has made Rich Dad Scams: 8 Financial Scams Disguised as Wisdom available for free eBook download, so Kiyosaki talks in detail about scams everyone needs to understand.
Kiyosaki discusses the fundamental challenges with the traditional school system and how corporate America kills the entrepreneurial genius of many bright workers.
He also explains how much money one should have in their bank account.
Website:
www.RichDadCoaching.com
www.RichDad.com
Jason Hartman starts today's show with a bit of a rant. We're in a world where many "gurus" are just sales people who bring you in, promise you the world, then hand you off to low paid people who simply read a script to you. We have to demand better than that.
Then Jason talks with Jeremy Heimans, co-founder and CEO of Purpose and author of New Power: How Power Works in Our Hyperconnected World - and How to Make It Work for You, about how movements are started in today's world, why you're seeing power concentrated more and more, and getting more buy in from your audience.
Key Takeaways:
[3:20] People don't want to be processed
[6:40] One of the best, weird compliments Jason's ever received from one of his clients
[8:28] Plan your vacations with Jason, next event is coming up in May
Jeremy Heimans Interview:
[12:46] Old power vs new power
[17:34] How do you start a movement?
[24:44] We're seeing more and more concentrations of power even when we thought it was decentralized
[29:04] How much equity are companies giving to their supporters?
Website:
www.JasonHartman.com/Cruise
www.ThisIsNewPower.com
Jason Hartman starts the episode off with his in-house economist Thomas and the two discuss various parts of a mortgage payment and how each interacts with the other. They also compare whether a 15 or 30 year mortgage makes sense in an inflation or deflationary environment.
Then Jason speaks with a new LMS who is offering properties in the central PA area, including York. The LMS explains what markets are supporting the local economy, general tenant profiles, rehab practices and property types that are available.
Key Takeaways:
[2:01] What makes up a mortgage payment?
[5:39] Even with a slightly higher interest rate, Jason believes the 30 year fixed rate still beats the 15 year.
Market Profile:
[7:18] Why is South Central, PA a good place to invest?
[10:08] The target tenant for the market and what employers are supporting the economy
[14:30] How transportation fuels the network of the area
[16:18] The target property and renovations done
[21:00] The rehab process
[29:56] Looking for the catch in the market, whether it be Section 8, insurance or property taxes
Website:
www.JasonHartman.com/Properties
Jason Hartman wraps up day 2, Sunday, from Meet the Masters. With one visitor travelling 22 hours from Australia and nearly 100 people streaming online, the event was a massive success. Listen in as we hear some live clips from Jason, home inspectors, George Gilder from Life After Google, Mani from 2,000 Books, Drew Baker on self-management and more.
Website:
www.JasonHartman.com/Cruise
www.VentureAllianceMastermind.com
Today's episode is all about the first day of Meet the Masters. Hear from attendee Lisa as she discusses why you should come to the event and what she's hoping to get out of Meet the Masters, some tax information from Tom Wheelwright, some lending knowledge from a panel of Jason's lenders, a discussion of rehabs that Local Market Specialists are doing to the properties you're purchasing through our network and more.
Website:
www.JasonHartman.com/Properties
Today's Flash Back Friday comes from Episode 367, originally published in March 2014.
Mike Murphy of the CPA firm Murphy, Murphy, & Murphy is one of the lauded experts invited to speak at the 2014 version of Meet the Masters of Income Property Investing back in January. The topic is one near, dear, and feared by property investors – real estate taxes.
There's an old saying, "Nothing is certain but death and taxes." Taxes are a fact of life. Although the prospect of dealing with taxes is not especially appealing, Jason has been extolling the tax benefits associated with rental real estate for years. As America's most tax-favored asset, it can put money back in your pocket (or keep it from ever leaving in the first place) better than anything else.
Mike delves into a topic that often confounds our best attempts to understand it. According to current U.S. tax laws, virtually any funds an investor directs toward maintaining or improving an investment property can be tax deductible. Some deductions can also apply to periods of vacancy – the so-called Passive Activity Loss Break – as well as non-cash write-offs for the simple depreciation of the structure itself, calculated over the period of almost three decades.
An important point Murphy makes early is that an investment property is broken down into two components: land and the structures on the land. While the cost of the land itself isn't tax deductible, the structure is, which means the residential building you buy in order to rent out to a tenant. Tax breaks flow from the structure, and here are several you need to understand as an investor.
Website:
www.Murphy3.com
Jason Hartman does the show from the car on his way to Meet the Masters this weekend. Before he gets to his guest, however, he wants to share an old clip he put together several years ago that still has significant relevance discussing the principle of I.D.E.A.L.
Then Jason talks with Cliff Hayden, creator of Show Me the Rental, about how he started his business, what his software does, and property management tips for real estate investors.
Key Takeaways:
[2:25] The I.D.E.A.L. principle
Cliff Hayden Interview:
[11:40] What frustrated Cliff enough to create Show Me the Rental
[13:35] How Show Me the Rental works
[17:34] Some sample questions Cliff's software might use
[21:50] What platforms Show Me the Rental connects with
[23:17] Cliff's property management tips
Website:
www.ShowMeTheRental.com