Mon, 19 March 2018
If you're looking at leaving the world of property managers and go into self-management, today's show highlights a useful tool for you to potentially use on your journey.
Jason Hartman kicks off the show discussing some current events in cryptocurrency, the upcoming Creating Wealth event in the Northeast in May, karma, and social credit scoring in China.
Then Jason talks with Dana Dunford, CEO of Hemlane, about how their software can help people with the hybrid management model that Jason is an advocate of. Hemlane offers a portal for owners to screen tenants, schedule showings, remind your tenants of showings, list and advertise your property, connect with real estate professionals for the lease up and tenant turn, and many other functions.
[3:04] Sometimes you have to listen to fate
[9:16] Cryptocurrency ads have been banned by Facebook, Google, and now Twitter
Dana Dunford Interview:
[16:28] Long distance self-management still needs a management company or real estate agent to provide a la carte services on the tenant turn & lease up
[21:28] Hemlane can help you generate more revenue and increase your NOI
[24:50] Transparency up front is critical
[31:40] The $40/month per property for the higher service is a bit steep, what do you get and why is it better than a property manager?
[36:10] How much are tenant turns and lease ups costing through Hemlane?
[40:41] The geographical limitations of Hemlane
Fri, 16 March 2018
Today's Flash Back Friday comes from Episode 176, originally published in July 2010.
Jason provides a unique commentary on the gulf oil spill, firing your investment property manager, buy and hold investing. Following the monologue, Jason talks with Steve Dexter about his book Real Estate Debt Can Make You Rich and long term investing. Housing and commercial property prices the lowest they’ve been in nearly a decade, this classic real estate investment guide is timelier than ever. Dr. Schumacher, who passed away in 2006, found that the way to a lifetime of financial security was to buy smart and never sell, and he built a $20 million fortune using his own savvy advice. The book, updated by Steve Dexter (an expert commentator for CNN/Money, CBS Radio and Fox TV), reveals step-by-step investment techniques that can work in the midst of a slow real estate market or a booming one for first-time buyers or seasoned investors, and for buyers of single-family residences, apartment buildings or shopping.
Steve's latest book is Buy and Hold Forever- How to Build Wealth for the 21st Century, one he co-wrote with the late Dr. Schumacher who was known as the ‘pope” of real estate investing. His first book Real Estate Debt Can Make You Rich published by McGraw-Hill, was rated one of the top 5 real estate books of the year by Bob Bruss, a nationally syndicated columnist of the Washington Post Media Group. Steve’s second book is Beat the Banks-Prospering in the Rising Wave of Bank Foreclosures. He has been a distinguished speaker at the Harvard Business School, Harvard Law School and their Graduate School of Design and has mentored many of their students about entrepreneurship and real estate investing. He also has spoken at Northwestern University’s Kellogg School of Business Management located in Chicago. He is also a member and speaker of NAREE (National Association of Real Estate Editors), a professional group of authors and major newspaper journalists who write about the national real estate market.
Wed, 14 March 2018
It's time to take another deep look into rates and ways to finance your properties. Jason talks to lender Aaron about what's going on in regards to rates today, how it's been changing in the last few months, and where to expect it to go in the future.
The two discuss how higher interest rates don't necessarily mean your investments can't make sense. Higher rates also mean more write offs on your taxes, plus your tenant is still paying your debts. So you might have lower cash flow, but it can still be a great investment that gets better over time with your locked in rate.
[2:10] You must, you must, you MUST (promise me you will) get a home inspection
[4:52] There are events coming up on the East coast and in Hawaii, so figure out if you can make them tax deductible!
[10:51] Every new regulation requires someone be hired to make sure the lenders are adhering to it, which raises costs
[12:48] What kind of rates can you get today with 20% down?
[16:02] Are people still taking out adjustable rate morgages for investment properties?
[18:48] You need to get your mindeset right when it comes to your real estate business. It's not always strictly about the cash flow
[24:34] The inverse correlation between bonds and rates
[26:35] The best strategy ever is to lock in as many 30 year fixed rates as possible
Mon, 12 March 2018
Jason Hartman takes this episode to delve into some important happenings in the real estate world today. Some of Trump's recent moves have been bringing jobs back to the states, and companies are expected to bring money back, and it's creating good times for a lot of people.
With that good time comes something every real estate investor can enjoy, rent inflation. BUT, when times are good it's important to be vigilant with your providers and make sure they're not getting lazy.
[3:58] Jobs are coming back to America
[7:27] Rent inflation is coming
[12:46] As a real estate investor, it's critical that you remember who your customer really is (hint: it's the tenant)
[16:05] In a booming economy, the big job as a real estate broker is the job of sorting people out
[20:12] Sometimes the booms can make providers a little sloppy, so it's important to stay on top of property managers and the like
Fri, 9 March 2018
Today's Flash Back Friday comes from Episode 111, originally published in October 2009.
Would you like to escape the rat race? Famous "Rich Dad" author and speaker in the areas of personal finance, real estate and business, Robert Kiyosaki joins Jason Hartman for a discussion on success and passive income.
Wed, 7 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.
[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!
The Effective Executive
Mon, 5 March 2018
CW 970 - Benjamin Hardy - Slipstream Time Hacking, How to Cheat Time, Live More & Enhance Happiness & Willpower Doesn't Work, Discover the Hidden Keys to Success, Medium.com
Jason Hartman starts today's show with a recap of the JHU Live event from this past weekend and a preview of a future event in the Northeast.
Then, in his 10th episode interview, Jason talks with Benjamin Hardy, author of Willpower Doesn't Work: Discover the Hidden Keys to Success, about how to time hack, be much more productive, the difference between successful people and the unsuccessful, relative ease in 10Xing your business, not using your circumstance as an excuse, and more.
[4:51] You can't separate politics from personal finance in today's world
[9:05] There's now a Venture Alliance Jr membership level for those under 35
Benjamin Hardy Interview:
[10:29] The premise of Slipstream Time Hacking
[14:18] You can choose to think of time as away or as a distance
[18:33] What would Ben's response be to someone who said his book was just "work harder and faster"?
[20:37] 10X thinking is a lot easier than 2X thinking, and it works, just look at Ben's life
[23:23] What can we do on a daily basis to hack time?
[26:57] How Ben invested in the right relationships to grow his exposure so quickly
[30:44] Your behavior shapes your personality
[33:35] You need to regularly get out of your routine environment
[37:44] Don't use your circumstances as an excuse
[41:40] It's not your personality that shapes your choices, it's your choices that shape your personality
Fri, 2 March 2018
CW 969 FBF - 3 Economic Stress Tests for Your Income Property Portfolio, Answers to Your JHU Live Questions
Today's Flash Back Friday comes from Episode 647, originally published in March, 2016.
Jason answers questions from his highly-intelligent listener base. Clients inquire about interest rates, the 5-year outlook of rental income real estate and using self-directed IRA money to invest in income properties. Jason shares his strategies and tools on how he formulates his predictions on the multi-dimensional asset class of real estate income property, why he doesn’t like using cap rates for residential property evaluations and accessing the Property Tracker software to project future values.
[2:00] Income property is the most historically proven asset class
[5:45] Listener questions from the Salt Lake City JHU event
[8:04] Predicting interest rates
[9:38] Advantages to the suburban market in a linear market
[12:22] Stress testing your portfolio
[15:44] 3 dimensions of real estate - Values and rental incomes are counter-cyclical
[16:53] Why is income property real estate investing so attractive?
[19:15] Cap rates are not useful metrics for residential income property evaluations
[22:13] Using Self-Directed IRA money for an investment
[24:52] Property Tracking Software to see your properties 10-year projection
[27:35] The next Venture Alliance Mastermind will be on Jekyll Island in Georgia
Wed, 28 February 2018
CW 968 - Jim Puplava of Financial Sense Newshour, SALT Taxes, Inflation vs Dis-Inflation, Medicare & Social Security Debt
Jason Hartman starts today's episode with some new observations on the GOP Tax Reform, specifically involving depreciation and the changes that have been made to it for real estate investors.
Then Jason talks to one of his podcast mentors, Jim Puplava, host of Financial Sense, about his thoughts on the new tax reform, what's happening with inflation (both today and moving forward), the different motivation of millennials compared to former generations, and more.
[3:23] The new tax plan and bonus depreciation
[8:04] The massive change in deductions for major repairs
Jim Puplava Interview:
[13:54] Will the new tax plan expedite people and companies leaving high tax states?
[18:42] Hidden taxes in states like California
[19:48] What's the endgame when states and municipalities go bankrupt? Is it just a federal bailout?
[22:42] Jim's current inflation thoughts
[26:12] How much longer can the US continue to kick the can down the road when it comes to the debt?
[29:38] Why double inflation arbitrage is fantastic for real estate investors
[32:52] What the next downturn is going to look like
[38:10] Jason's new theory
Tue, 27 February 2018
Jason Hartman starts up today's episode reminding people that if you want true wealth, don't spend your money on things that diminish it, spend it on investments. He also discusses the biggest fear investors have today, and the need for investors to align their interests with the big powers.
Then Jason finishes up the webinar that was started in CW 966. In closing, he touches on why he loves housing over retail and commercial, the difference in types of inflation, and why he prefers single family homes over duplexes, triplexes and quadplexes.
[2:34] Own the investments and don't buy the things that diminish your wealth
[5:43] The biggest fear most investors have nowadays
[9:33] Inflation fears are seeping through the market, and it means good news for real estate investors
[13:37] Save yourself a lot of heartache and just align your interests with the greatest forces the world has ever seen
[20:10] You can outsource jobs and retail, but you can't outsource homes
[22:15] The difference between real and nominal inflation
[25:27] Does Jason have a preference between single family, duplexes, triplexes, or quadplexes?
[29:44] Some of the linear markets Jason likes