Creating Wealth Real Estate Investing with Jason Hartman

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

Direct download: CW_1306_FBF_Garrett_Sutton1.mp3
Category:general -- posted at: 5:00pm EDT

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

Direct download: CW_1305_Sean_Carroll.mp3
Category:general -- posted at: 4:52pm EDT

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

Direct download: CW_1304_Andres_Pira.mp3
Category:general -- posted at: 5:00pm EDT

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

Direct download: CW_1303_Jason.mp3
Category:general -- posted at: 5:00pm EDT

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

Direct download: CW_1302_Spencer_Burleigh.mp3
Category:general -- posted at: 5:15pm EDT

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

Direct download: CW_1301_FBF_Jason_Hartman.mp3
Category:general -- posted at: 5:00pm EDT

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

[6:35] Jason's recent settlement with a landlord

[11:12] When you get in a business deal, don't expect to be able to hold people accountable through the system

[14:19] Corporate pensions are underfunded and a huge risk to rely on

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.JasonHartman.com/Properties

www.GrahamHancock.com

Direct download: CW_1300_Graham_Hancock.mp3
Category:general -- posted at: 5:00pm EDT

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

Direct download: CW_1299_Carrie.mp3
Category:general -- posted at: 5:00pm EDT

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

Direct download: CW_1298_Adam_Scams.mp3
Category:general -- posted at: 5:00pm EDT

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

Direct download: CW_1297_Sara.mp3
Category:general -- posted at: 5:00pm EDT

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

Direct download: CW_Bonus_Profits_In_Paradise.mp3
Category:general -- posted at: 11:33pm EDT

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

Direct download: CW_1296_FBF_Muthiah.mp3
Category:general -- posted at: 5:00pm EDT

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

Direct download: CW_1295_Adam.mp3
Category:general -- posted at: 5:49pm EDT

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

Direct download: CW_1294_Hernando_de_Soto.mp3
Category:general -- posted at: 5:00pm EDT

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

Direct download: CW_1293_Thomas_CPI.mp3
Category:general -- posted at: 5:00pm EDT

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

Direct download: CW_1292_Recession.mp3
Category:general -- posted at: 6:10pm EDT

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

Direct download: CW_Bonus_Commandment_13.mp3
Category:general -- posted at: 12:00pm EDT

Today's Flash Back Friday comes from Episode 952, originally published in February 2018.

Jason Hartman, his mom Joyce, and Drew finish up their long talk about property management practices. This time Drew throws some questions toward Joyce 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

Direct download: CW_1291_Mom_Drew_2.mp3
Category:general -- posted at: 5:00pm EDT

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

Direct download: CW_1290_David_Osborn.mp3
Category:general -- posted at: 5:00pm EDT

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

Direct download: CW_1289_Adam_GDP.mp3
Category:general -- posted at: 5:20pm EDT

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

Direct download: CW_1288_Richard_Rahn.mp3
Category:general -- posted at: 4:58pm EDT

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

Direct download: CW_1287_Evan_Moffic.mp3
Category:general -- posted at: 5:00pm EDT

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

Direct download: CW_Bonus_Commandment_12.mp3
Category:general -- posted at: 12:00pm EDT

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

Direct download: CW_1286_FBF_Mom_Drew.mp3
Category:general -- posted at: 5:00pm EDT

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

Direct download: CW_Bonus_4_Hot_Deals.mp3
Category:general -- posted at: 11:00pm EDT

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

Direct download: CW_1285_Peter_Wehner.mp3
Category:general -- posted at: 5:00pm EDT

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

Direct download: CW_1284_FICO_Gig.mp3
Category:general -- posted at: 5:00pm EDT

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

Direct download: CW_1283_Rob_Stephens.mp3
Category:general -- posted at: 5:00pm EDT

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

Direct download: CW_1282_Rent_Control.mp3
Category:general -- posted at: 5:14pm EDT

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

Direct download: CW_Bonus_Guided_Visualization_13.mp3
Category:general -- posted at: 4:27pm EDT

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

Direct download: CW_1281_FBF_Richard_Vague.mp3
Category:general -- posted at: 5:00pm EDT

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

Direct download: CW_1280_James_Malinchak.mp3
Category:general -- posted at: 5:00pm EDT

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

Direct download: CW_1279_Ellen_Brown.mp3
Category:general -- posted at: 5:00pm EDT

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

Direct download: CW_1278_Nely_Galan.mp3
Category:general -- posted at: 5:00pm EDT

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

Direct download: CW_1277_Ray_Hespen.mp3
Category:general -- posted at: 5:00pm EDT

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

Direct download: CW_Bonus_Visualization_14.mp3
Category:general -- posted at: 11:58pm EDT

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

Direct download: CW_1276_FBF_Mike_Zlotnik.mp3
Category:general -- posted at: 5:00pm EDT

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

Direct download: CW_1275_Ingo_Winzer.mp3
Category:general -- posted at: 5:05pm EDT

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

Direct download: CW_1274_Patri_Friedman.mp3
Category:general -- posted at: 5:00pm EDT

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

Direct download: CW_1273_Jeff_Astor.mp3
Category:general -- posted at: 5:00pm EDT

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

Direct download: CW_1272_Chris_Porter.mp3
Category:general -- posted at: 5:10pm EDT

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

Direct download: CW_Bonus_Visualization_13.mp3
Category:general -- posted at: 12:00pm EDT

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

Direct download: CW_1271_FBF_Gary.mp3
Category:general -- posted at: 5:00pm EDT

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

Direct download: CW_1270_Walter_Williams.mp3
Category:general -- posted at: 5:00pm EDT

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

Direct download: CW_1269_Phil_DeMuth.mp3
Category:general -- posted at: 5:00pm EDT

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

[22:50] Garrett Sutton's What Asset Protection Is NOT

[30:21] Does MMT say you can print money with no inflation?

[35:38] There are several things that would make MMT invalid

[38:18] MMTers are right that government spending happens before taxation

Website:

www.JasonHartman.com/Properties

www.CorporateDirect.com

Direct download: CW_1268_Thomas_MMT.mp3
Category:general -- posted at: 5:00pm EDT

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

Direct download: CW_1267_Negative_Rates.mp3
Category:general -- posted at: 5:00pm EDT

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

Direct download: CW_Announcement_Atlanta.mp3
Category:general -- posted at: 12:00pm EDT

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

Direct download: CW_Bonus_Visualization_12.mp3
Category:general -- posted at: 12:00pm EDT

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

Direct download: CW_1266_FBF_Carrie.mp3
Category:general -- posted at: 5:00pm EDT

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

Direct download: CW_1265_Dan_Kennedy.mp3
Category:general -- posted at: 10:46pm EDT

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

Direct download: CW_1264_Matt_Curtis.mp3
Category:general -- posted at: 5:00pm EDT

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

Direct download: CW_1263_DeAnn_Donovan.mp3
Category:general -- posted at: 5:00pm EDT

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

[27:27] California is trying to create an Economic Berlin Wall to avoid a brain drain

[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

Direct download: CW_1262_Garrett_Sutton.mp3
Category:general -- posted at: 8:52pm EDT

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

Direct download: CW_Bonus_Visualization_11.mp3
Category:general -- posted at: 12:00pm EDT

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

Direct download: CW_1261_Nelsons.mp3
Category:general -- posted at: 5:00pm EDT

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

Direct download: CW_1260_Evan_Moffic.mp3
Category:general -- posted at: 5:00pm EDT

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

Direct download: CW_1259_Doug2.mp3
Category:general -- posted at: 5:00pm EDT

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

Direct download: CW_1258_Future_Expectations.mp3
Category:general -- posted at: 5:00pm EDT

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

Direct download: CW_1257_IIDB.mp3
Category:general -- posted at: 5:00pm EDT

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

Direct download: CW_Bonus_Visualization_10.mp3
Category:general -- posted at: 12:00pm EDT

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

Direct download: CW_1256_FBF_Jeff_Cronrod_2.mp3
Category:general -- posted at: 5:00pm EDT

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

Direct download: CW_1255_David_Kelley2.mp3
Category:general -- posted at: 5:00pm EDT

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

Direct download: CW_1254_David_Kelley.mp3
Category:general -- posted at: 5:00pm EDT

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

Direct download: CW_1253_Anita_Campbell.mp3
Category:general -- posted at: 5:55pm EDT

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

Direct download: CW_1252_Marc_Biron.mp3
Category:general -- posted at: 5:00pm EDT

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

Direct download: CW_Bonus_Visualization_9.mp3
Category:general -- posted at: 12:00pm EDT

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

Direct download: CW_1251_FBF_Jeff_Cronrod.mp3
Category:general -- posted at: 5:00pm EDT

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

Direct download: CW_1250_Sally_Kohn.mp3
Category:general -- posted at: 5:00pm EDT

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

Direct download: CW_1249_Thomas.mp3
Category:general -- posted at: 5:00pm EDT

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

Direct download: CW_1248_Howard_Jennings.mp3
Category:general -- posted at: 5:00pm EDT

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

Direct download: CW_1247_Drew.mp3
Category:general -- posted at: 5:00pm EDT

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

Direct download: CW_Guided_Visualization_8.mp3
Category:general -- posted at: 12:00pm EDT

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

Direct download: CW_1246_FBF_Pinkerton2.mp3
Category:general -- posted at: 5:00pm EDT

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

Direct download: CW_1245_Doug.mp3
Category:general -- posted at: 5:00pm EDT

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

Direct download: CW_1244_Andrew_Yang.mp3
Category:general -- posted at: 5:00pm EDT

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

Direct download: CW_1243_Florida.mp3
Category:general -- posted at: 5:00pm EDT

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

Direct download: CW_1242_Jason_Mom.mp3
Category:general -- posted at: 5:00pm EDT

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

Direct download: CW_Visualization_7.mp3
Category:general -- posted at: 12:00pm EDT

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

Direct download: CW_1241_FBF_Brandon_Cook.mp3
Category:general -- posted at: 5:00pm EDT

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

Direct download: CW_1240_Gabriel_Weinberg.mp3
Category:general -- posted at: 5:00pm EDT

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

Direct download: CW_1239_Gary_Boomershine.mp3
Category:general -- posted at: 5:00pm EDT

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

Direct download: CW_1238_Adam.mp3
Category:general -- posted at: 5:00pm EDT

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

Direct download: CW_1237_Evan_Moffic.mp3
Category:general -- posted at: 5:00pm EDT

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

Direct download: CW_Bonus_6_Visualization.mp3
Category:general -- posted at: 12:00pm EDT

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

Direct download: CW_1236_FBF_Scott2.mp3
Category:general -- posted at: 5:00pm EDT

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

Direct download: CW_1235_Nobu_Su.mp3
Category:general -- posted at: 5:00pm EDT

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

Direct download: CW_1234_Mauricio_Rauld.mp3
Category:general -- posted at: 5:00pm EDT

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

Direct download: CW_1233_Romana_King.mp3
Category:general -- posted at: 5:00pm EDT

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

Direct download: CW_1232_Doug.mp3
Category:general -- posted at: 5:00pm EDT

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

Direct download: CW_Bonus_Visualization5.mp3
Category:general -- posted at: 12:00pm EDT

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

Direct download: CW_1231_FBF_Scott_1.mp3
Category:general -- posted at: 5:00pm EDT

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

Direct download: CW_1230_Michelle_Lederman.mp3
Category:general -- posted at: 5:00pm EDT

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

Direct download: CW_1229_Taylor_Germain.mp3
Category:general -- posted at: 5:00pm EDT

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

Direct download: CW_1228_Sara.mp3
Category:general -- posted at: 5:00pm EDT

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

Direct download: CW_1227_Damon_Santa_Maria.mp3
Category:general -- posted at: 5:00pm EDT

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

Direct download: CW_Visualization_4.mp3
Category:general -- posted at: 5:00pm EDT

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

Direct download: CW_1226_FBF_Cody_Mamone.mp3
Category:general -- posted at: 5:00pm EDT

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

Direct download: CW_1225_Jennifer_Hsieh.mp3
Category:general -- posted at: 5:00pm EDT

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

Direct download: CW_1224_Lisa.mp3
Category:general -- posted at: 5:00pm EDT