Creating Wealth Real Estate Investing with Jason Hartman

Jason Hartman talks with Ryan Moran, founder of www.Capitalism.com, about assets. The two decipher the difference between paper and real assets, and why you should really just be using one to get more of the other, as well as looking at some indicators that are potentially pointing at a correction being on the horizon.

Ryan and Jason also go in to a discussion on whether student loan debt should be forgiven, why Ryan thinks it's a terrible idea, the importance of having economic indicators you can trust, and more.

Key Takeaways:

[5:03] What you're really trying to do is take your paper assets and get real assets that create cash flow

[9:28] Is there a big, quick, correction in paper value coming?

[14:11] Is student loan debt forgiveness a good or bad idea?

[16:24] When you get rid of economic pain you get rid of economic indicators

[18:36] It's ALWAYS a good idea to buy good assets at good prices

[20:18] December Mortgage Update

[26:30] Property Profile: Davenport, IA

Website:

www.Capitalism.com

www.JasonHartman.com/Masters

Property Profile: Davenport, IA

Direct download: CW_1096_Ryan_Moran.mp3
Category:general -- posted at: 5:00pm EST

Jason Hartman takes today's episode talking with new investment counselor Doug about several economic signs that have been potentially helpful for real estate investors. The first area of focus is surburban real estate. Rent increases in the suburbs have been climbing faster than in urban areas and the RV ratios out there are nearly always better. Then the topics drift to more economic data coming out that includes an inverted yield curve, negative equity and a decline in quarterly sales for Toll Brothers.

Finally the Property Profile is from Kansas City, MO.

Key Takeaways:

[4:23] Rents have been rising significantly in the suburbs

[9:09] RV ratios are almost universally better in the suburbs

[13:56] Have it clear in your head what "winning the race" means

[16:07] Buyers are spending more time looking for their home

[17:53] Toll Brothers announced their first decline in quarterly sales in over 4 years

[20:12] Negative equity can cause price spiraling, which thankfully we aren't seeing

[26:11] What is the inverted yield curve telling us?

[27:56] Kansas City Property Profile

Website:

www.JasonHartman.com/Properties

CW 1095 Property Profile

Direct download: CW_1095_Doug.mp3
Category:general -- posted at: 8:12pm EST

Today's Flash Back Friday comes from Episode 815, originally published in April 2017.

It’s a wonderful time to be alive, especially if you are an income property investor. New technologies allow investors to self-manage properties all over the U.S. no matter where in the world they are located. Jason speaks with Merrick Lackner the Co-founder of Rently and Rently Keyless. Merrick describes the mechanics behind turning your rental properties into smart homes to give you more control over showings, energy consumption costs and the general well-being of your properties as well as the cost of installation and maintenance.

Key Takeaways:

[03:07] Changes in property management and increased returns from investments.

[04:34] Do you know which billionaire lives in a trailer park?

Merrick Lackner Guest Interview:

[09:21] Merrick saw the need to improve on the showing of rental properties.

[12:57] Merrick describes the different options Rently offers.

[20:48] How the Rently process is coordinated for the renter and the landlord.

[25:30] The smart matching program includes a background check.

[26:58] Rently Keyless Entry gives real estate investors more control over their properties.

[30:10] How much does Rently Keyless cost to install and maintain?

[33:02] Rently offers different access for renters and owners to reduce liabilities and provide privacy.

Mentioned in This Episode:

Jason Hartman

Jason Hartman University

Zappos

Real Estate Tools

Rently

Rently Keyless

Direct download: CW_1094_FBF_Merrick_Lackner.mp3
Category:general -- posted at: 3:21pm EST

Jason Hartman reports from the 2018 IMN conference with guest Robert Nickell, as the two discuss the latest in real estate investing. Specifically they look at the impact of institutional investors and "iBuyers" on the market today and how the massive influx of cash has created more stupid money than usual.

The rate of iBuyers continues to grow as more and more capital is raised, and all of that money is driving up home prices to the point where the "built to rent" phenomenon is making more and more sense.

Key Takeaways:

[3:10] Fragmentation has kept the big institutional investors out of single family real estate investing, but the direction currently is leading them in to the market

[6:51] The impact of internet real estate companies

[12:10] Many of these iBuyer platforms and institutional investors are raising tons of money, but aren't actually making any

[17:02] The deal rarely looks great when you buy it, it looks great in the future

[17:30] The rate that iBuyers are purchasing is driving up prices

[20:20] Some investors get rid of their bad properties by simply selling them to iBuyers

[22:15] The build to rent phenomenon

[24:46] Property Profile

Website:

www.RocketStation.com

www.JasonHartman.com/Properties

The PropertyCast

Direct download: CW_1093_IMN.mp3
Category:general -- posted at: 1:28pm EST

Jason Hartman opens the show discussing the need for real estate investors to be flexible with their investment strategies. As conditions change, so too must your approach. What worked 2 years ago might not work today, so invest differently today.

Then Jason talks with Mitch Stephen, author of My Life and 1,000 Houses, on Mitch's start in real estate, the importance of not having 100% occupancy, how to determine if your market is overbuilt, doing due diligence, and more.

Key Takeaways:

[3:02] As real estate investors we have to be flexible and adapt to our changing environment

[8:23] We need to keep our mind clean, our mindset clean, so avoid contaminating people

[10:59] Slowing sales doesn't necessarily mean a downturn in the market, it could simply be a lack of inventory

Mitch Stephen Interview:

[16:27] Is self-storage overbuilt? How Mitch tries to minimize his competition

[21:54] Self-storage facilities can go up really quick, is it better to buy an existing or build a new one?

[26:35] Jason's revelation about commercial vs self-storage real estate back in 2010

[30:09] Why you never want to be full in any sector of real estate investing & what you should do if facilities in the area are full

[33:38] Some of the due diligence Mitch does when looking for a facility to buy

Website:

www.REInvestorSummit.com

http://1000Houses.com

My Life and 1,000 Houses: Failing Forward to Financial Freedom

Direct download: CW_1092_Mitch_Stephen.mp3
Category:general -- posted at: 3:20pm EST

Today's Flash Back Friday comes from Episode 809, originally published in March 2017.

During this case study, client Vernon Grant offers up a classic example of a situation you or your parents may be in right now. Vernon asks Jason for investment guidance on the two properties his parents own that are in vastly different markets. It’s all about the numbers, as Jason breaks down each property by its rent-to-value-ratio (RTV) and the existing debt structures of each. Jason reminds investors to consider depreciation offsets, refi-til-ya-die options and the beauty of renting.

Key Takeaways:

[2:15] If your property doesn’t have good RTV ratios consider selling or refinancing.

[10:43] Vernon has been around property investing his entire life.

[12:00] Vernon needs Jason’s advice about how to handle his parent’s properties.  

[14:23] It doesn’t matter where your property is, RTV ratios are almost always the same.

[17:51] The New York market is a cyclical market and may be on the verge of being overvalued.

[25:12] Jason offers the Refi-til-ya-die as an alternative to selling.

[28:35] Why do we trust the advice of strangers more than we trust the advice of our friends and family?

[32:33] It’s important to examine the existing debt structure of the properties.

[34:09] A 1031 exchange may help offset depreciation taxes.

[36:37] How does an investor know when it’s time to 1031 exchange or to refinance?

Mentioned in This Episode:

Jason Hartman

Jhart88 on Voxer

Real Estate Tools

Direct download: CW_1091_FBF_Vernon_Grant.mp3
Category:general -- posted at: 9:32am EST

Jason Hartman starts this 10th episode discussing the changing rules for investors, and how to make sure you're playing by the new ones that will actually make you wealthy. Old rules no longer apply because the world has changed completely in the last few decades.

Then Jason talks with Joel Comm, author of the new book The Fun Formula and host of the Bad Crypto Podcast, about his new book The Fun Formula and how subtle changes in our thinking and routine can enable us to design the life we truly desire: one of significance and joy.

They also discuss why he's bullish on cryptocurrencies and blockchain, the changes blockchain will bring to our society, ICOs and more.

Key Takeaways:

[3:50] Are humans smarter than monkeys?

[5:03] Worst case your real estate portfolio is a forced savings program

[10:09] The old rules worked because there were scarce goods and a scarce world. That doesn't exist any more

Joel Comm Interview:

[18:19] The origin of The Fun Formula

[22:30] You have to leave an opening in your life for the world to fill in some gaps

[26:20] Joel is bullish on both blockchain and cryptocurrencies

[27:35] Blockchain is going to be more disruptive than the smartphone

[31:30] Big money is coming in to cryptocurrencies, what are they doing right now?

[35:17] The current state of the ICO market

Website:

www.FunFormulaBook.com

The Bad Crypto Podcast

Direct download: CW_1090_Joel_Comm.mp3
Category:general -- posted at: 4:54pm EST

Jason Hartman takes today's episode to discuss some of the big issues in the real estate world. One of the biggest is the rising cost of labor that is causing rising construction costs that is causing a squeezing in the multi-family development. In regards to multi-family, however, we're also seeing an increase in apartment inventory, which is starting to reach scary levels.

Jason also goes over some important economic news and ends with Og Mandino's Mission Success.

Key Takeaways:

[3:38] No service and no people is a common theme in service businesses these days

[7:58] Increased labor costs are squeezing the multi-family development pipeline

[12:31] The apartment inventory is starting to get scary, with supply getting excessive

[21:19] Uncertainty over Brexit has caused people to seek safe haven in bonds

[25:52] Og Mandino's Mission Success

Website:

www.JasonHartman.com/Properties

Jason Hartman's Alexa Flash Briefing

The PropertyCast

Direct download: CW_1089_Jason.mp3
Category:general -- posted at: 5:01pm EST

Today's Flash Back Friday comes from Episode 774, originally published in January 2017.

The 19th annual Meet the Masters of Income Property is just three short weeks away. This revamped event will feature breakout sessions, top shelf speakers and in-depth discussions about what the rising inflation rates will mean for real estate investors. Jason’s guest is John Simpson. Mr. Simpson invested in the trailblazing Rent Reporters before it’s official launch because he believed in the business model. He now runs the company as CEO and is the corporate cheerleader to this fairly new, progressive company. Mr. Simpson shares the benefits of his service to both renters and landlords, how to participate in the process and testimonials about the benefit to those this service has affected positively.

Key Takeaways:

[2:01] Rising interest rates is just one of the subjects we will be discussing at the Meet the Masters of Income Property Event.

[3:36] Erin sent in an article from the Kiplinger Letter about the future of the economy and inflation.  

[9:49] What will Trump do to light the economy on fire?

[13:20] Garrett Sutton will be speaking at the 19th Meet the Masters Event.

John Simpson Guest Interview:  

[16:54] Before Rent Reporters there was no mechanism for tenants to get credit for their on-time rent payments.

[18:35] The benefit to renters is clear, but what is the benefit for landlords?

[20:05] This service makes the renter more accountable.

[21:36] The top 3 factors that determine a credit score.

[24:54] Many renters have no credit score or they are invisible.

[27:16] A landlord will be able to see renter’s payments for the past two years.

[32:27] Landlords are incentivized monetarily to get new clients for Rent Reporters.  

[38:22] The statistics that back the Rent Reporters business model.

Mentioned in This Episode:

Jason Hartman

The 3 Dimensions of Real Estate

Rent Reporters

Direct download: CW_1088_FBF_John_Simpson.mp3
Category:general -- posted at: 10:30am EST

Happy Thanksgiving (a little early)!!!

Jason Hartman starts today from his Aunt Joanie's house discussing a recent trend among her renters: lease breaking. Joanie has noticed that several of her tenants seem to be jumping in to the buy side after they had given up over the summer. Jason and Joanie discuss why this might be and the correlation between rents and home prices.

Then Jason talks with Diana Butler Bass, Ph.D. in religious studies and award-winning author of 10 books including her newest, Grateful: The Transformative Power of Giving Thanks. The two dive in to why being grateful is important, both for the community and the individual. Diana explains the 4 dispositions of gratitude and the health benefits that come from being grateful.

PLUS, don't forget to take advantage of Jason's massive Black Friday/Cyber Monday Sale!

Key Takeaways:

[4:01] People are starting to break leases more often

[7:02] Fear of loss is more powerful than desire for gain

[9:26] Rents and prices are inversely correlated

[11:23] Why Aunt Joanie got into real estate

Diana Butler Bass Interview:

[16:15] Gratitude actually makes you healthier

[21:34] Gratitude functions out of our higher brain, whereas fear functions out of our primal brain. It also helps things in you physically like blood pressure

[24:39] The world has changed and we need to stop acting solely from our fear instincts

[25:37] The 4 dispositions of gratitude

[30:06] Play isn't just about competition, it's about appreciation, movement, and celebration. Ritual celebrations of thanksgiving are important parts of our culture

Website:

www.HartmanEducation.com

www.DianaButlerBass.com

www.Twitter.com/DianaButlerBass

Direct download: CW_1087_Diana_Bass.mp3
Category:general -- posted at: 5:07pm EST

Jason Hartman starts today's show by discussing the enduring asset that is real estate. Buildings you see that have been there for decades, if not centuries, still make money for their owners. Then Jason answers some more mortgage FAQs, including financing multiple properties at once and what a Power of Attorney can do for you.

Then Jason talks with Paul Moore, author of The Perfect Investment: Create Enduring Wealth from the Historic Shift to Multifamily Housing, about what demographics are telling the two of them about the next decade for landlords, as well as home ownership rates and the current habits of both baby boomers and millennials.

Key Takeaways:

[2:47] Income property is an enduring asset class

[6:37] More mortgage FAQs: can you finance multiple properties at the same time?

[10:37] Can a Power of Attorney sign for you for your investment properties?

Paul Moore Interview:

[14:11] How the demographics for the next decade looks for landlords

[16:09] Where Jason believes home ownership rate should be

[18:24] The faster growing demographic of renters is the baby boomers

[21:24] Millennials are renting in large numbers, partially thanks to the portability society

[25:20] What investing really is and other investment philosophies

Website:

www.WellingsCapital.com

The Perfect Investment: Create Enduring Wealth from the Historic Shift to Multifamily Housing

Direct download: CW_1086_Paul_Moore.mp3
Category:general -- posted at: 3:50pm EST

Today's Flash Back Friday comes from Episode 825, originally published in May 2017.

Jason welcomes Pat Donohoe back to the show. Pat is the President and CEO of Paradigm Life and host of the Wealth Standard podcast. Together, Jason and Pat analyze a Wall Street Journal article which addresses lower mortgage rates and how the lower rates may affect the already ‘hot’ real estate market, how autonomous cars will create a resurgence of the suburbs and how the upper middle-class is rethinking retirement based on the trend of extended life spans.

Key Takeaways:

[02:22] Wall Street Journal audio clip relating to the current housing market and interest rates.

[04:42] Zillow and isolated locations, like LA, with inflated housing values.

[11:35] Supply and demand in the rental property market.

[14:53] The Wealth Standard Radio and Paradigm Life contact information.

[15:36] The resurgence of suburbia will come with autonomous vehicles.

[19:28] A warning about spending money on high priced real estate.

[25:41] Reinventing retirement based on the cost of living longer.

[29:17] The 401k was never really meant as a retirement plan.

Mentioned in This Episode:

Jason Hartman

Longevity and Biohacking Show

Venture Alliance Mastermind

Zillow

Wealth Standard Radio

Paradigm Life

Unlimited Wealth: The Theory and Practice of Economic Alchemy by Paul Zane Pilzer

Direct download: CW_1085_FBF_Pat_Donohoe.mp3
Category:general -- posted at: 12:00pm EST

Jason Hartman starts today's episode by answering more of the mortgage FAQs that were started in episode 1083 that were spawned from the recent Profits in Paradise event. He looks at his idea of Refi Til Ya Die and what it takes to finance your first 10 properties. He also unveils the Ring Doorbell/Amazon Echo contest winner(s)!

Then Jason finishes his interview with client Drew Baker. This time the two tackle cryptocurrency, higher education, the investment landscape as it stands today, and the appreciation vs cash flow dilemma.

Key Takeaways:

[4:22] You need to either create your own mastermind group or join one if you are looking to improve your lot in life

[10:09] Can you do a cash out refinance of your investment properties?

[13:18] If your credit score is over 720 you need to borrow more money (assuming that you're borrowing for investment purposes that is)

[15:42] Can you finance a primary residence regardless of how many investment properties you own?

[17:55] The Ring Doorbell/Amazon Echo contest winners

Drew Baker, Part 2:

[21:37] A 1 world cryptocurrency would be terrifying and allow governments to inflate as much as they wanted

[26:25] The college tuition bubble

[29:24] What should investors be looking at today?

[35:02] People tend to look at appreciation over cash flow because it's "sexier"

Website:

www.JasonHartman.com/Properties

Direct download: CW_1084_Drew2.mp3
Category:general -- posted at: 12:07pm EST

Today's episode starts off with Jason Hartman, in the car, back from Hawaii. He tackles the average length an American stays on the job these days, how technology is changing our buying habits, and starts answering some mortgage FAQs he's been getting lately.

Then Jason talks with client Drew about a mistake he made in self-management that shifted his views on contracts, as well as exploring dividend stocks and the economic disaster that is Argentina currently.

Key Takeaways:

[6:46] Digital camera shipments are down 80% thanks to smartphones

[8:20] Mortgage FAQ #1- Can you finance more than 10 properties?

[9:43] You only need a 620 to finance your first 6 properties, then a 720 for properties 7-10

Drew Baker Interview:

[13:18] A mistake Drew made that made him realize it's important not to deviate from the contract

[17:32] Love or hate Trump, he's been good for the economy

[21:50] Dividends may sound great, but they're not the most stable

[27:05] The currency of today is just getting in front of people

[31:30] Argentina has an economic disaster every 10 years

Website:

www.JasonHartman.com/Contest

Direct download: CW_1083_Drew_Baker1.mp3
Category:general -- posted at: 11:04am EST

Today's Flash Back Friday comes from Episode 773, originally published in January 2017.

Welcome to Creating Wealth 2017! The most important takeaway from today’s conversation is to start investing in real estate income properties now. If you already have an existing portfolio beef it up. Time is short and the longer you own a property the more money you make. Preserve your financial future. On today’s show,  Jason brings Naresh back after an 8-month absence to discuss the benefits of smoking, the problem with the financial media in the U.S. and the farce which is making money on tax liens and deeds.  

Naresh also shares his findings from his recent trip to Cuba.

Key Takeaways:

[1:35] If you haven’t started your real estate portfolio and secured your financial future the best day to do it is today.

[5:03] The benefits of smoking include being social.

[14:00] Thinking critically and holding opposing thoughts on the same subject shows a high level of intelligence.

[15:56] Drinking the kool-aid is easier than doing your homework when investing.

[17:34] The problem with the financial media is the people delivering the news are not business people.

[24:37] How to make money from investing in tax liens and deeds and why it’s not a good idea.  

[35:11] Naresh shares his experiences from his recent visit to Cuba.

[42:28] One of the few things Obama did that Jason agrees with is opening up Cuba.

Mentioned in This Episode:

Hartman Media

Jason Hartman

Creating Wealth Episode 417

Biohacking and Longevity Show

Holistic Survival Podcast

Venture Alliance Mastermind

Meet the Masters of Income Property

Direct download: CW_1082_FBF_Naresh.mp3
Category:general -- posted at: 4:32pm EST

Jason Hartman starts this episode with a look at former Fed Chairman Alan Greenspan's most recent article outlining his concerns with our current economic situation. Greenspan is concerned we're headed toward stagflation, so what would that do to the average real estate investor? One sector that could potentially get hit is short-term rentals, so Jason investigates one of his big concerns on that front.

Then Jason finishes his conversation with Scott A Shay, co-founder of Signature Bank and author of In Good Faith: Questioning Religion and Atheism, about the degradation of ethics and character, and how we can reverse the course our nation is still on that idolizes money and power.

Key Takeaways:

[3:40] Alan Greenspan's new article highlights some of his concerns about our economy

[7:19] The graying of America

[9:34] Greenspan says Stagflation is coming, so what does that mean for real estate investors?

[14:17] What concerns Jason about short-term rentals

Scott Shay, Part 2

[20:45] There's a degradation of ethics and character today

[25:26] How do we fix our current idolatry of money and power?

[30:00] How Adam Smith and Chapter 19 of Leviticus are similar

Website:

www.JasonHartman.com/Contest

www.InGoodFaith.com

Direct download: CW_1081_Scott_Shay2.mp3
Category:general -- posted at: 12:03am EST

Jason Hartman starts off today's 10th episode taking a look back at this weekend's Profits in Paradise event as well as the Venture Alliance Mastermind experience with his guest Pat Donohoe. The two discuss the importance of asset protection and the impact of high tax jurisdictions.

Then Jason speaks with Dr. Gina Loudon, co-host of America Talks Live on NewsmaxTV, certified hypnotherapist, founding writer at Breitbart and official Trump campaign surrogate, spokesperson to Donald Trump's 2016 Presidential campaign and member of the President's 2020 Media Advisory Board. The two discuss the political divide that's present in today's society and whether it's worse now than it's been in the past. They also discuss the 3 types of people in the world and how President Trump is one of the most misunderstood people on the planet.

Key Takeaways:

[5:21] People will leave high tax jurisdictions eventually, it takes some planning

[8:12] The return on investment for going to events like Profits in Paradise are incredible

[11:54] Asset protection was one of the main themes over the weekend

Dr. Gina Loudon Interview:

[16:17] We frequently forget to look at the WHY all this division is going on

[19:18] Are we really divided more now or is it all just sensationalized?

[24:29] The USA is actually living in the most healthy, happy, prosperous and safest times in history

[29:13] The monologue media vs the dialogue media

[30:29] The 3 types of people in today's world

[34:30] Gina says President Trump is one of the kindest and loyal people she's ever met

Website:

www.JasonHartman.com/Contest

www.DrGinaLoudon.com

Direct download: CW_1080_Gina_Loudon.mp3
Category:general -- posted at: 11:01pm EST

Jason Hartman starts today's episode from the beaches of Hawaii, discussing booms and busts throughout history, the definition of an investment, while also recapping this past weekend's Profits in Paradise event. Then producer Adam has the November Mortgage Minutes with one of Jason's lenders, as the two discuss what impact the market pullback has had and where rates are going.

Then Jason talks with Scott A Shay, co-founder of Signature Bank and author of In Good Faith: Questioning Religion and Atheism, in Part 1, about the dangers of our society becoming more cash averse, the degradation of ethics and character, and Glass-Steagall.

Key Takeaways:

[3:32] Take care of the money thing, get the money thing otu of the way in your life, because money will ALWAYS be an issue

[6:41] There have been booms and busts all throughout history; the best way to prepare is to follow Jason's 10 Commandments

[9:19] How to tell if something is an investment

Adam's Mortgage Minutes:

[14:41] The pullback in the market hasn't impacted the mortgage market like you'd expect

[18:51] The people who got foreclosured on in the great recession are now able to borrow again, but the great rates have vanished so they're not in position to borrow again

Scott A Shay Interview:

[22:54] Even after everything we went through in the Great Recession, the banking industry is more consolidated now than it's ever been

[25:45] 60% of bank mergers result in a destruction of bank value

[29:54] The history and purpose of Glass-Steagall

[32:40] Our society is becoming more and more cash averse; what does this mean for us moving forward?

Website:

www.JasonHartman.com/Hawaii

www.InGoodFaith.com

Direct download: CW_1079_Scott_Shay1.mp3
Category:general -- posted at: 11:12pm EST

Today's Flash Back Friday comes from Episode 798, originally published in March, 2017.

Thomas J. Anderson joins Jason to discuss the value of debt. Mr. Anderson is the Founder and CEO of Supernova Companies and author of The Value of Debt series of books. He has broken down life into four financial stages and gives his recommendations for the amount of debt a person should have at each stage to reach a balance between life span and money span. Mr. Anderson says too many people take on oppressive debt too early in life and the right amount of debt can be a powerful tool.

Key Takeaways:

[1:55] Details of the upcoming Venture Alliance Mastermind in Las Vegas and the Memphis Property Tour.

Thomas J. Anderson Guest Interview:

[5:26] All debt is not created equal.

[6:53] Companies have optimal debt ratios because they value the liquidity, the flexibility and the tax benefits of their strategic debt.

[8:43] Thomas describes the 4 stages of life and the optimal debt recommended for each.

[18:04] People need inflation, appreciation and income on assets working for them over a 30-year period of time.

[20:29] Real estate investors should learn the game of staying power.

[22:13] During economic downturns, those with more debt benefit the most.

[26:33] Debt structured the right way eliminates the need for massive returns.   

Mentioned in This Episode:

Jason Hartman

Venture Alliance Mastermind

The Value of Debt

Supernova Companies

The Value of Debt: How to Manage Both Sides of a Balance Sheet to Maximize Wealth

Direct download: CW_1078_FBF_Thomas_Anderson.mp3
Category:general -- posted at: 12:00pm EST

Jason Hartman takes today's intro to discuss an interesting development with India's Central Bank that has some pertinence to what's going on today betweeen President Trump and the US Federal Reserve, as well as examining why business owners and landlords are two of the most successful classes of citizens.

Then Jason talks with Chuck Hattemer, Co-Founder & CMO at Onerent, about how their technology is changing the property management game. Chuck and Jason discuss the big problems that face investors and renters, and how Chuck aims to solve those problems, including how they're attempting to eliminate vacancy losses.

Key Takeaways:

[4:06] India's Central Bank chief may resign after disagreements with what the government was instructing him to do

[7:47] Wealth and income are now concentrated between business owners and landlords, which is a club becoming harder to join

Chuck Hattemer Interview:

[14:49] What is Onerent?

[19:03] The biggest problem Onerent sees is fragmentation

[24:47] Who is Onerent competing with?

[26:04] The next phase of real estate and what services are coming up in the space

[30:59] The industry is becoming more and more refined and efficient, which should excite investors

Website:

www.Onerent.co

www.JasonHartman.com/Contest

www.JasonHartman.com/Properties

Jason Hartman's Alexa Flash Briefing

The PropertyCast

Direct download: CW_1077_Chuck_Hattemer.mp3
Category:general -- posted at: 5:34pm EST

Today's episode features Jason Hartman looking at some economic data that's come out in regards to the housing market, and what that means for us as investors. You must be wary of misleading statistics and keep in mind that, even after you close, a real estate deal is never done. Listen in as Jason introduces you to the unconventional thinking when it comes to the demise of Sears for commercial real estate investors and more.

Key Takeaways:

[3:40] A look at one potential rental income property

[9:02] Be mindful of misleading statistics

[11:14] There's a difference between appreciation and capital improvement that will skew the comparable sales in a neighborhood

[13:59] When you purchase a piece of income property, the deal is not final

[19:35] The interesting part of the demise of Sears in regards to landlords of shopping malls

[22:54] The Appraisal Principle

[26:57] Over 75% of Americans view renting as more affordable than owning a home

[32:11] Don't let the tail wag the dog when it comes to your investments

Websites:

www.JasonHartman.com/Contest

www.JasonHartman.com/Properties

Profits in Paradise

Jason Hartman's Alexa Flash Briefing

The PropertyCast

Direct download: CW_1076_Jason.mp3
Category:general -- posted at: 5:33pm EST

Today's Flash Back Friday comes from Episode 744, originally published in October, 2016.

A local market specialist in the Jackson, Mississippi area joins Jason to share details of what makes Jackson a great place to live and to invest. Those looking for blue collar or white collar work are likely to find it in Jackson as employers abound. The well built, low-cost properties have a high RV ratio and the regulatory climate is landlord friendly. Brick on slab construction and agreeable climate make rehabbing lest costly and do-able year round.

Key Takeaways:

[1:36] There is plenty of work and money goes farther in Jackson, Mississippi

[4:10] Details of Jackson’s regulatory environment and landlord friendliness

[5:19] Who are the target tenants of Jackson and who employs them?

[7:43] Typical house prices, cost to rent and what is included in a rehab

[10:44] Classifying the properties based on cost to buy, building type and school district

[13:30] After inspections, properties are upgraded and rehabbed with durable materials

[15:46] A 6-month warranty on rent and upkeep is standard with this local market specialist

[16:31] Jackson Mississippi has exceptional RV ratios. There are plenty of low-priced homes which collect high rents.

Websites:

www.JasonHartman.com/Contest

www.JasonHartman.com/Properties

Profits in Paradise

Jason Hartman's Alexa Flash Briefing

The PropertyCast

Direct download: CW_1075_FBF_Jackson.mp3
Category:general -- posted at: 12:00pm EST

Jason Hartman talks today about the expansion of credit in the past 50 years and how that's impacted our economy. There's also a look at Trump's war of words with the Fed, why you should stock up on low rate mortgage assets, and why a booming economy is a noisy economy.

Key Takeaways:

[3:40] You should be stocking up on low, fixed rate mortgage assets

[6:56] The modern expansion of credit started somewhere in the 50s

[10:56] The battle between Trump and the Fed is an important one to watch, because the Fed may be tightening too fast

[15:30] Make it part of your 5 year plan to get some shelter from high taxes

[19:22] Rising mortgage rates are like rent control and keeps people in their homes

[20:27] Construction costs have climbed 31% in 6 years

[23:01] A booming economy is a noisy environment

[27:24] Some listener Q&A

Website:

www.JasonHartman.com/Contest

www.JasonHartman.com/Properties

Profits in Paradise

Jason Hartman's Alexa Flash Briefing

The PropertyCast

Direct download: CW_1074_Credit_Mortgages.mp3
Category:general -- posted at: 3:51pm EST

Jason Hartman starts the episode with a reminder to follow the commandments, and to make sure that you don't go into investments just because of their tax benefits.

Then, Jason talks with Joe Melendez, Founder & CEO of Value Insured, which features a new product that can reimburse homeowners up to their full down payment if the market went down when they sold their house. The two discuss the lack of inventory in the entry level home market, the hazards of regulation on today's market, and how Value Insured is able to work to help home owners.

Key Takeaways:

[4:7] A word of caution: do not choose an investment JUST because of the tax benefit

Joe Melendez Interview:

[9:22] The entry level home market has been completely shut out from new home construction

[12:47] How to encourage builders to builder entry level homes

[16:42] Where is all the manufactured housing that people have been expecting?

[19:35] Equity insurance for the homeowner

[26:09] The math behind the equity insurance

[30:55] $60/year for equity insurance seems to say that Joe is bullish on the housing market. Is that true?

[34:03] When will the equity insurance for investors be available?

Website:

www.ValueInsured.com

www.JasonHartman.com/Properties

Profits in Paradise

Jason Hartman's Alexa Flash Briefing

The PropertyCast

Direct download: CW_1073_Joe_Melendez.mp3
Category:general -- posted at: 4:20pm EST

Today's Flash Back Friday comes from Episode 729, originally published in September 2016.

Jason, Fernando and Oliver make up today’s expert panel. They are discussing self-management options for your income properties. The experts agree, a great property management company is worth their weight in gold but it is also important to be educated about your self-management options. The panel shares information about companies who use technology to save you time and money through automating tedious tasks, best practices to improve home interiors without spending a fortune and what types of tenants are the best types of tenants to have.

Key Takeaways:

[3:40] Jason and Fernando discuss the flooring options available at an income property expo in Mesa, Arizona.

[9:19] Kwikset Kevo bluetooth locks make it easier for self-management of income properties.

[16:57] Jason recommends adding a little color to the interior walls of your income properties.

Self-Management Panel:

[20:33] Is self-management easier than having a property manager?

[23:27] The road to self-management and maintaining a good relationship with your tenants.  

[28:00] The flat rate fee system makes self-managing properties easier.

[32:47] Property managers are reluctant to take legitimate fees out of a tenant’s security deposit.

[37:06] Ask your property managers to lower their costs if you are realizing the value.

[40:11] Using Cozy makes rent collection and viewing tenant profiles easy.

[44:35] Disintermediation is getting rid of the middle man.  

[49:10] Rently allows tenants to do their own showings with only a credit card.

Mentioned in This Episode:

Jason Hartman

Real Estate Tools

Venture Alliance Mastermind

Hartman Education

Cozy

Rently

Direct download: CW_1072_FBF_Self_Management.mp3
Category:general -- posted at: 12:00pm EST

Jason Hartman talks with Venture Alliance member Mike Zlotnik about cap rates in today's interest rate environment. Mike explains what happens to cap rates (and commercial real estate investing as a whole) when interest rates start rising. After years of artificially low interest rates, we're starting to see rates finally rise, so strap in and learn how to navigate the waters and get some real life numbers of the true impact.

Key Takeaways:

[4:54] Real estate is so tax favored that it can become a bit of a trap, where you have to pay some serious taxes if you want out of the game

[9:52] There are signs of a shift in the marketplace, but thanks to Commandment #5 it doesn't mean much to us

Mike Zlotnik Interview:

[13:18] We are definitely in the period of abnormally low interest rates, and the Fed is raising them at a pretty rapid pace

[16:29] We've been spoiled by artificially low interest rates

[19:17] The inverse relationship between cap rates and prices

[23:53] A real life example of the impact of higher interest rates

[27:53] We live in a world where the Federal Reserve and the Treasury don't have to make sense

[33:09] Can the US government afford high interest rates?

[37:24] Why are rates going higher?

[40:26] How to prepare for higher rates

Website:

www.BigMikeFund.com

www.TempoFunding.com

www.JasonHartman.com/Properties

Profits in Paradise

Jason Hartman's Alexa Flash Briefing

The PropertyCast

Direct download: CW_1071_Mike_Zlotnik.mp3
Category:general -- posted at: 3:16pm EST

Jason Hartman starts today's episode with his friend Matt Andrews, as the two discuss why they enjoy real estate and how they discover new ways to produce profit in their real estate deals, as well as the need for you to prune your portfolio.

Then, for his 10th episode, Jason talks with Angela Duckworth, Founder & CEO of Character Lab, former advisor to the White House, World Bank, NBA & NFL teams, and author of the new book Grit: The Power of Passion and Perseverance. The two delve into what character and grit are and the steps you can take to improve yours.

Key Takeaways:

[3:21] The practice of "pruning"

[7:06] As you progress along your real estate journey you'll continue to find ways to profit on your deals.

Angela Duckworth Interview:

[9:57] Are we in a crisis of character moment in history?

[13:37] Is character an absolute or constantly in flux?

[18:57] One reason why the wicked don't prosper

[21:31] What is grit and how do you develop it?

[24:53] If you want to be different, be consistent

[28:54] The steps to becoming gritty

Website:

www.CharacterLab.org

www.AngelaDuckworth.com

www.JasonHartman.com/Properties

Profits in Paradise

Jason Hartman's Alexa Flash Briefing

The PropertyCast

Direct download: CW_1070_Angela_Duckworth.mp3
Category:general -- posted at: 5:39pm EST

Today's Flash Back Friday comes from Episode 722, originally published in September 2016.

Today’s guest, Harry Dent is the author of multiple financial books designed to help you keep your wealth. Harry predicts an upcoming deflationary period followed by a huge debt bubble burst in the US. He wholeheartedly agrees with Jason and says the everyday house is where your money should be if you are a real estate investor. The uber rich and the Chinese will be the losers in this economic downturn and Wall Street will slide under 6000 and Shanghai will hit 1000. Harry says the market needs a cleansing because without it the markets will falsely re-inflate themselves for the sixth time. Hold on tight investors times they are a changin’.  

Key Takeaways:

Harry Dent Guest Interview:

[5:07] Something for nothing is an unattainable goal. You can’t just print free money!

[6:10] Why doesn’t the US have significant inflation with the exorbitant amount of money creation?

[7:48] In the US from 1983 to 2008, private debt peaked at 42 trillion. The debt had grown for 25 years at 2.5 times faster than the GDP!

[11:02] Banks create debt and then get free money. It will be painful, but necessary to deleverage the debt.  

[16:15] The everyday house is the best investment option when the bubble bursts.

[19:01] The uber rich will get slaughtered during the next debt bubble crisis.

[20:51] The wealthy Chinese will be are laundering money and buying US real estate.

[22:57] 240 million rural migrants are trapped in Chinese cities with no hope for the future.

[27:22] Fracking will be the next debt default in the US.

[28:45] Deflation is a sign a financial bubble is bursting.

[31:30] We are living in a Keynesian economy. We are addicted to financial drugs and we can’t kick the habit.

[33:12] Interest rates are going up for bonds and mortgage rate will come down.

Mentioned in This Episode:

Jason Hartman

Harry Dent

The Demographic Cliff

Profits in Paradise

Jason Hartman's Alexa Flash Briefing

The PropertyCast

Direct download: CW_1069_FBF_Harry_Dent.mp3
Category:general -- posted at: 3:28pm EST

Jason Hartman takes today's episode to look at inflation, the trade war, and how the economy lags behind things like these. To help him with that dissection he brings in one of the new additions to his team, in house economist Thomas. Thomas helps Jason decipher his charts that show how the home sales change along with inflation and mortgage rates. All of these things add up to important tools you can use as you prepare your portfolio for the next recession we all know is going to show up sooner rather than later.

Key Takeaways:

[3:18] It's important to think about the next recession BEFORE the next one

[9:37] Inflation numbers really started to be manipulated during the Stagflation years

[14:05] What you see when you compare the 30 year mortgage rate to existing home sales

[18:26] Inflation has been announced as mild recently, but how does it impact the economy and attitudes in general?

[20:01] What does the trade war mean for inflation?

[27:01] How rising interest rates effect different aspects of home buying

Website:

www.JasonHartman.com/Properties

Profits in Paradise

Jason Hartman's Alexa Flash Briefing

The PropertyCast

Direct download: CW_1068_Prepare_Recession.mp3
Category:general -- posted at: 4:49pm EST

Jason Hartman starts off today's show talking about the disaster that is the American political system, as well as the truly remarkable thing that's happening in the US economy right now that's not getting enough attention. Then, Jason plays some of his segment from the latest Cash Flow Wealth Summit where he talks about the 6 ways the US government can solve their $220 trillion obligation and which one we can take the most advantage of as investors.

Key Takeaways:

[5:12] Politics have become a complete fiasco

[6:33] What's going on in our economy is nothing short of a miracle, the bottom 10% of society have seen their wages grow 5%

[10:52] Automakers are starting to do more parts of their manufacturing in the USA

Cash Flow Presentation:

[15:41] The entitlement society isn't going to change, so align your interests

[17:25] We must understand the motivations of governments and central banks

[19:24] The 6 ways the government can deal with the looming entitlement bill

[27:04] The most likely solution the government will choose

[30:43] Inflation is the most powerful method of wealth redistribution from lenders to borrowers, old to young

Website:

www.JasonHartman.com/Properties

Profits in Paradise

Jason Hartman's Alexa Flash Briefing

The PropertyCast

From Kavanaugh's Hearing

Direct download: CW_1067_6_Reasons.mp3
Category:general -- posted at: 6:48pm EST

Today's Flash Back Friday comes from Episode 717, originally published in August 2016.

The sharers, or those who participate in the sharing economy, are many. They are a huge untapped segment of opportunity for real estate investors. Jason summarizes Mike Willinger’s article, I Am a Sharer. Will the sharers create the next big real estate bubble Harry Dent cautions us about? And, taxes are the single largest expense in a person’s life. If you are a real estate income property investor or considering becoming one this episode is for you. Jason plays a comprehensive audio clip from Garrett Sutton’s book, Loopholes of Real Estate. Jason details and defines the important terms and identifies the caveats so you can be the most informed investor you can be.

Key Takeaways:

[1:47] Jason relays Mike Willinger’s article about sharers.

[9:08] Will there be a resurgence of suburbs? The autonomous vehicle may make them popular once again.

[11:08] Harry Dent is predicting a real estate bubble. The questions is which markets will be affected?

[13:30] The US has a rigged corporate media system.

[15:54] Who is your favorite tax preparer? Are they Enrolled Agents?

[18:26] Beginning of the audio clip from Garrett Sutton’s Loopholes of Real Estate.

[24:13] To qualify for the real estate professional tax incentive you must spend more time your real estate business than in any other business.

[31:12] Property Tracker software makes it easy for real estate professionals to track their time.

[33:40] The Property Fixer app can assist the professional property flipper.

[35:38] Upcoming events include the Venture Alliance in Seattle and the Software and Buying event in Phoenix.

Mentioned in This Episode:

Jason Hartman

Hartman Education

Venture Alliance Mastermind  

Real Estate Tools

Property Tracker Software

Corporate Direct

Suttlaw

Direct download: CW_1066_FBF_Garrett_Sutton.mp3
Category:general -- posted at: 10:27am EST

Jason Hartman talks with George Gilder, author of Wealth & Poverty, Knowledge & Power, The Israel Test, The Scandal of Money, Life After Google, as well as being an investor, writer, economist, and info-theorist, about his newest book, Life After Google. The two discuss how society is shifting when technology continues to change, as well as how blockchain is going to disrupt the entire thing anyway. George also addresses the entrepreneurial spirit in America and what to expect in the next 5-10 years

Key Takeaways:

[2:48] What is the Wealth Simulator?

[6:24] Doug is excited to see how people's different risk appetites create different scenarios in the Wealth Simulator at Profits in Paradise

[9:38] It's important to realize the value of an idea

George Gilder Interview:

[14:38] What is Google Marxism?

[19:22] Since many of Google's services are free, their learning may be slower than other companies

[21:32] Google's ultimate goal

[22:26] What will the future look like in 5-10 years with blockchain technology continuing

[26:02] The cryptocosm offers is a new architecture for the internet

[29:25] The entrepreneurial spirit is alive and well in China, more so than in the US

[34:49] What Life After Google offers

Website:

George Gilder Books on Amazon

www.JasonHartman.com/Properties

Profits in Paradise

Jason Hartman's Alexa Flash Briefing

The PropertyCast

Direct download: CW_1065_George_Gilder.mp3
Category:general -- posted at: 6:40am EST

Jason Hartman takes today's episode to discuss how investors can cash flow in a world that features increasing interest rates. With the Fed continually raising rates on their way to their goal, investors are seeing their rates slowly rise. Jason takes some time to discuss 3 strategies investors can use to help profit during these times and bring a new report from the self management journey of client Andrew Baker.

Finally, producer Adam talks with a lender from the network about where rates are today, where they're expected to go in the next few months, and where they're likely to end up once the Fed stops raising.

Key Takeaways:

[4:20] What things to expect coming back to the market as interest rates rise

[7:59] Pricing a mortgage from the perspective of the mortgage company

[9:12] Calculate when your break even point for paying a buy down is to determine whether or not you should do it

[11:49] Some more from Andrew Baker's self management adventure

Mortgage Minutes for October 2018

[24:39] Do points make sense right now?

[27:22] Where can we expect interest rates to be by the time the Fed is doing raising rates?

Website:

www.JasonHartman.com/Properties

Profits in Paradise

Jason Hartman's Alexa Flash Briefing

The PropertyCast

Direct download: CW_1064_Higher_Rates.mp3
Category:general -- posted at: 7:54pm EST

Today's Flash Back Friday comes from Episode 698, originally published in July 2016.

Today’s guest Shane Sauer is a Co-Founder of RentFax, a company which pairs real estate industry knowledge with technology tools to help investors analyze their income property investment risk. The goal is to find good, stable rental neighborhoods for long-term buy and hold investments. Shane shares the sources of the information RentFax uses to calculate their property scores and what other due diligence is necessary when buying income property.

Key Takeaways:

[2:00] Business Insider Labor Market Article: Millennials grow up, increasing the US birth rate.

[8:39] Property analyzers are not the holy grail of real estate. Technology is only as smart as the input it receives.

[12:18] Phoenix, Arizona is the site of the next Creating Wealth event in September.

Shane Sauer Guest Interview:

[15:03] Rentfax reports scores rental properties on anticipated Risc (rental income stability composite), rent and vacancy rates.

[19:03] Does this software help real estate investors make the best investment decisions?

[24:13] Rentfax partnered with geospatial data experts to filter 100 different data points on potential properties.

[30:29] ROI is not only Return on Investment but also Return on Involvement or Effort to Earn.

[33:23] Using the average tenant’s duration as a measurement for vacancy rates.

[39:07] Rentfax doesn’t distinguish between Section 8 neighborhoods and Non-Section 8 neighborhoods.

[42:23] Real estate investors should educate themselves and aggregate information before buying.

Mentioned in This Episode:

Jason Hartman

Creating Wealth Episode 693 - Buy-Downs

Hartman Education

Venture Alliance Mastermind

RentFax

RentFax on Facebook 

Direct download: CW_1063_FBF_Shane_Sauer.mp3
Category:general -- posted at: 4:21pm EST

Jason Hartman begins this episode on a somber note, talking with Phil in Myrtle Beach about the aftermath of Hurricane Florence. Phil discusses what the status of his neighborhood is, the good deeds being done in the area, and how he expects his tight knit community to protect each other in the aftermath.

Then Jason moves to a happier subject, talking with client Diana Dine about her experience investing in real estate. Diana just recently bought her first home and is now up to 5 properties between Jackson and Memphis. She recently went to both cities to meet with the Local Market Specialists and discusses her future plans as she moves toward her financial independence.

Key Takeaways:

[3:14] The power situation in Phil's neighborhood

[8:17] What can people do for the hurricane damaged communities right now?

[11:34] The aftermath of the hurricane is generally worse than the actual hurricane

Client Case Study with Diana

[13:59] Why did Diana get interested in real estate?

[18:00] Diana decided to buy her first property at the 2018 Meet the Masters

[19:20] Diana's experience meeting the Local Market Specialists

[23:49] How many properties Diana thinks she needs to reach financial independence

Website:

www.TritonRelief.org

www.JasonHartman.com/Properties

Profits in Paradise

Jason Hartman's Alexa Flash Briefing

The PropertyCast

Direct download: CW_1062_Diana_Dine.mp3
Category:general -- posted at: 4:31pm EST

Today's bonus episode starts with a dive into what Jason has been saying for a while, and what the ultra-wealthy are taking advantage of. Leverage debt and keep a high loan balance. Listen in to find out why.

Then Jason concludes his 10th show interview with James Arthur Ray. The two finish their discussion on what wealth truly is, and also look at what we've all done in our life that we need redemption from, why the onus is always on the business owner, and more.

Key Takeaways:

[3:46] The best insurance during natural disasters is a high loan balance, because you're the ones they will be helping out afterward.

[6:57] The ultra-wealthy are leveraging debt and getting phenomenal interest rates

[10:20] Bailouts during the Great Recession fueled populist anger because they helped companies, not the people

[12:50] What an aide told Jason was the reason they bailed out the institutions

James Ray Interview:

[17:56] We all need redemption because most of us have sold out our meaningful life for money

[22:25] You HAVE to understand that leaders make decisions.

Website:

www.JamesRay.com

www.JasonHartman.com/Properties

Profits in Paradise

Jason Hartman's Alexa Flash Briefing

The PropertyCast

Direct download: CW_1061_James_Ray2.mp3
Category:general -- posted at: 4:25pm EST

Jason Hartman starts off the show with a look at some important economic indicators. Some of the data is showing strength for another 2 years or so, but there are some signs of cooling. Existing home sales and housing starts are also important to look at when thinking about the future. Also, Jason is glad to see that behemoth companies like Facebook and Google are finally (potentially) going to be reined in.

Then Jason has the first half of his interview with James Arthur Ray. The two spend most of this interview discussing what actually happened at the sweat lodge in Sedona when 3 people ended up dying. They also start their look into what wealth actually is.

Key Takeaways:

[4:55] The economy is booming now, but there are signs of cooling

[7:34] Existing home sale numbers and the most long term indicator of the housing market

[12:25] Jason's terrible at predicting interest rates, but he has one place you can go where they know what to expect

[16:09] There is finally going to be some pressure put on Facebook and Google

James Ray Interview:

[19:05] What happened in the Sweat Lodge Incident in Sedona

[23:12] When something goes sideways in your business, there's only one person in the crosshairs, so you better get used to it

[27:51] James believes that the media wasn't willing to report some facts because they weren't sensational enough

[29:53] The greatest battle you'll ever fight is the battle to be unique

Website:

www.JamesRay.com

www.JasonHartman.com/Properties

Profits in Paradise

Jason Hartman's Alexa Flash Briefing

The PropertyCast

Direct download: CW_1060_James_Ray1.mp3
Category:general -- posted at: 5:35pm EST

Today's Flash Back Friday comes from Episode 524, originally published in June 2015.

When Fernando first met Jason, he had a goal to purchase enough properties to successfully achieve 'financial independence day'. A couple of years later, he built an impressive portfolio and is now retired from his job at Apple Computers. Fernando is now one of Jason's investment counselors and today he hopes to answer some common questions his real estate investor clients have been asking him. 

Key Takeaways:

[2:00] Jason would love to have listeners on the show. Fill out a guest form at JasonHartman.com/Jason. 

[4:45] In the membership section of JasonHartman.com, the audio players use Flash. Jason's team is fixing this. 

[9:15] What's the process if you want to get started in real estate? 

[16:35] Listen to the Creating Wealth podcast to get a free education on real estate.

[18:25] Please listen to episode 405 and learn how to read a property pro forma. 

[21:45] You learn a lot just by coming to one of Jason's live events. 

[29:45] Jason's business model is a simple one. They work on referrals and don't charge you a dime. 

[32:00] You can own property without an LLC, but please read Mark Kohler's book, What Your CPA Isn't Telling You.  

[37:35] You can have a good or bad tenant on any A, B, or C class property. 

[39:25] Last thoughts? Don't over think the numbers too much. We are here to help you through the process, all you have to do is start. 

Mentioned In This Episode:

http://www.jasonhartman.com/cw-485-real-estate-investing-chicago-jason-hartman/

http://www.jasonhartman.com/cw-508-market-profile-on-jackson-mississippi-with-market-specialist-brad/

http://www.jasonhartman.com/creating-wealth-255-memphis-foreclosure-profits/

http://www.jasonhartman.com/cw-405-how-to-read-a-property-pro-forma/

https://www.youtube.com/user/JHartmanRealEstate

http://www.jasonhartman.com/cw-514-client-case-study-with-philip-sullivan-in-the-atlanta-kansas-city-and-little-rock-real-estate-markets/

http://www.jasonhartman.com/cw-458-david-porter-platinum-properties-client-speaks-succesfull-income-property-investment-retail-shipping-us-economy/

http://www.jasonhartman.com/cw-459-client-case-study-70-units-fernando/

What Your CPA Isn't Telling You by Mark Kohler

www.MarkJKohler.com

Direct download: CW_1059_FBF_Fernando.mp3
Category:general -- posted at: 8:00am EST

Jason Hartman is joined by his "brother" Dan as the two discuss the value networking. Dan (who Jason considers to be one of the best networkers he's ever met) gives some tips on how to break through to your networking targets, and how crucial the network becomes when recessions start affecting you.

Jason also goes over some new information he discussed in the previous episode, as he discovered how much money millennials are actually spending on rent and what that's led them to give up.

Key Takeaways:

[1:38] Is Jason the most experienced person in his field? Try and beat his roughly 10,000 deals

[5:32] The value of networking

[11:00] Always be conscious of the other person

[14:58] Millennials are spending 45% of their income on rent

[20:39] What has to give when the percentage of income is higher than before?

[23:41] The financial crisis was 10 years ago last week, and terrible advice is still being given

[26:16] In downturns, the people who get the bailouts and the most help are people with the high loan balances

[28:58] Your network is going to be even more important when downturns happen

Website:

www.JasonHartman.com/Properties

Profits in Paradise

Jason Hartman's Alexa Flash Briefing

The PropertyCast

Direct download: CW_1058_Rents_Networking.mp3
Category:general -- posted at: 2:14pm EST

Jason Hartman starts off this backward show with guest Scott, who's an attorney who will be speaking at the upcoming Profits in Paradise about asset protection. The two explore the benefits of a Series LLC and some best practices for asset protection. Then Jason goes solo and discusses where wage growth is happening in the US (and where it's not), and how trade wars and interest rates are connected right now.

Key Takeaways:

[3:25] What is a Series LLC and how can it benefit a real estate investor?

[6:43] The best asset protection you can get defeats lawsuits before they even start

[11:45] What kind of things will Scott be presenting in Hawaii?

[17:57] The first part of asset protection is financial privacy

[20:24] Real wage growth in Hispanic homes was more than 2x other households

[25:22] Looking at rent paid like your tenant was your employee

[28:18] The only linear market in the top wage increase list is Colombus, OH.

[29:40] Trade wars are keeping interest rates lower

Website:

www.JasonHartman.com/Properties

Profits in Paradise

Jason Hartman's Alexa Flash Briefing

The PropertyCast

Direct download: CW_1057_Asset_Protection.mp3
Category:general -- posted at: 4:11pm EST

Today's Flash Back Friday comes from Episode 705, originally published in July 2016.

Live events offer investors an opportunity to meet other investors who are successful using the long-term buy and hold strategy, to hear about real life examples of the acquisition process and to learn the tips and tricks which can make an investor’s life easier. This episode is full of useful information which is framed around real client questions including what were Jason’s biggest mistakes.   

Key Takeaways:

[11:00] Why did Jason choose real estate for his career of choice?

[13:19] Buy cash flow properties which make financial sense the day you buy them.

[19:35] Should you keep your property managers on a short leash by adding discretionary measures to your contract?

[26:56] What was the biggest mistake Jason made and how did it affect his life?

[34:02] Live events are a loss leader for us but they are beneficial for clients.

[36:18] Phoenix, Arizona is the site of the new event which includes a Q & A panel discussion and a best practices for acquisition example. 

[41:09] What are the top 3 qualities a real estate investor should possess or develop to be successful with the buy and hold strategy?

Mentioned in This Episode:

Jason Hartman

Jason Hartman University

JHart88 on Voxer

Direct download: CW_1056_FBF_Oliver.mp3
Category:general -- posted at: 4:06pm EST

Today's episode features Jason Hartman himself explaining the dangers of identity theft and how it's changed over the years. We all know that sometimes our credit card numbers get stolen, but it's gotten much more sophisticated than that these days. Jason also explores the maladies that impact all economies and what the Fed is saying about our economy today.

Key Takeaways:

[4:24] Identity theft is much, much more than just financial theft

[9:18] It's easier to engage in identity theft and financial fraud than committing physical crimes

[16:37] What is money?

[20:22] The 3 basic maladies that happen in an economy throughout history

[24:10] The Fed tells us what to expect moving forward (hint: it's higher rates, slowly)

[27:05] When wage growth will start worrying the Fed & where Jason thinks you can look to see what inflation is really doing

[32:40] Will the Fed overdo it?

Website:

www.JasonHartman.com/Properties

Profits in Paradise

Jason Hartman's Alexa Flash Briefing

The PropertyCast

Direct download: CW_1055_Jason.mp3
Category:general -- posted at: 5:45pm EST

Jason Hartman takes aim at some important news in today's episode. The episode begins with a look at the first real wage increase in years, and how that may impact interest rates moving forward. Then Jason discusses his idea of "Economic Berlin Walls", jobless claims, communism vs capitalism, "Personal Keynesianism", and jobless claims.

Key Takeaways:

[1:18] Wage increases are contributing to rising interest rates

[3:39] The trade wars impact on interest rates

[8:14] Looking back at the times in his life when he was financially strapped, Jason realized that consumer goods used to be WAY more expensive than today

[12:17] Housing price increases are slowing

[15:04] States are building "Economic Berlin Walls" to try and keep their residents for tax purposes

[17:45] Jobless claims have hit a 49 year low

[22:45] Karl Marx, indirectly responsible for the death of 150+ million people thanks to his communist ideas

[28:19] Globalism may have hurt the American worker more than anything else

[36:25] "Personal Keynesianism": Where you prime your own pump by having access to easy credit

Websites:

www.JasonHartman.com/Start

Profits in Paradise

Jason Hartman's Alexa Flash Briefing

The PropertyCast

Direct download: CW_1054_Jobless_Wages_Prices.mp3
Category:general -- posted at: 4:22pm EST

Today's Flash Back Friday comes from Episode 812, originally published in April 2017.

To start the show, two clients who bought properties at the Creating Wealth Seminar and Memphis Property Tour tell their stories of why they do business with Jason’s company. And, later a recording from the Venture Alliance Mastermind in Las Vegas with Jeff. Jeff details how he creates balance in his life and has a successful career.

Key Takeaways:

[1:27] Adam bought his 9th property during the Memphis Property Tour.

[4:32] A client who likes doing business with Jason’s organization because they provide a one-stop shop.

Las Vegas Venture Alliance Recording

[10:24] Jeff breaks things down into quarterly and daily goals.

[13:04] How Jeff strategically forms his 4 key goals.

[18:22] Meditation is a key component of successful people’s lives.

[22:23] The importance of teaching and growing every day.

[26:13] Choosing to create a leader, not a doer.

Mentioned in This Episode:

Jason Hartman

A Tale of Two Brothers Podcast

Venture Alliance Mastermind

Profits in Paradise

Jason Hartman's Alexa Flash Briefing

The PropertyCast

Direct download: CW_1053_FBF_Venture_Alliance.mp3
Category:general -- posted at: 12:00pm EST

Jason Hartman spends today discussing the future climate of home supply and mortgage rates as we move into a world of higher rates and greater inflation. Jason sees a future that involves more Adjustable Rate Mortgages (ARMs), people unwilling to sell because they aren't willing to give up their low interest rate, and how the housing market could become even more stagnant.

Then Adam talks with one of the lenders from the network to discuss where rates are today, if the Fed raising rates will impact investors, what things might impact rates in the next few months, and more.

Key Takeaways:

[2:56] Labor unions don't have the same cause/need today as they did when they were created and were desperately needed. Today we see technical tyrrany

[4:58] The popularity of Adjustable Rate Mortgages is set to increase

[8:25] An interest side effect to the way housing inventory and rate play out together

[12:10] Investors with mortgage assets are about to be seriously aided by Inflation Induced Debt Destruction

[14:58] Long low rate mortgages leads to a stagnant market with less price discovery because people don't want to give up their rates

Adam's Mortgage Minutes:

[19:35] Rates right now are in the high 5s

[24:04] The rise of quantitative tightening

[28:24] Any news items expected that could impact rates in the next 1-2 months?

Website:

www.JasonHartman.com/Properties

Profits in Paradise

Jason Hartman's Alexa Flash Briefing

The PropertyCast

Direct download: CW_1052_Mortgages.mp3
Category:general -- posted at: 12:00pm EST

Jason Hartman has a check in for this client case study with Drew. Drew recently took charge of 6 homes in the Indianapolis market to self-manage, and has a nice story of increased profit to accompany it. After adjusting rents to meet market prices and getting rid of management fees and the like, Drew has been able to increase his monthly cash flow by around $1,300.

Drew explains to Jason how he's formed relationships with his tenants that have been incredibly helpful to his bottom line, the software he's using for management, and how much time it's actually taking him per month to manage his properties.

Key Takeaways:

[3:12] Where Drew has started self managing and why

[7:15] Drew put money into his property but came out ahead financially

[12:47] Always remember that your tenants are your customers

[18:07] Drew has raised his income by over $1,300 a month since he started

[23:37] How much is Buildium and why did Drew choose it?

[26:13] How much time per property is Drew spending a month? How long does a rent ready take?

[34:51] Just because you start self-managing doesn't mean you always have to. If you change your mind there's always another option

Website:

www.JasonHartman.com/Properties

Direct download: CW_1051_Drew.mp3
Category:general -- posted at: 2:47pm EST

Today's Flash Back Friday comes from Episode 560, originally published in August 2015.

If you are in control of your life your kids do not talk back to you, you tell the waiter your food is subpar and you believe in every single word you say. If the aforementioned doesn’t ring true for you then you need to “grow a pair” and get your house in order. If you decide not to tell someone they are stealing your time and money at your business then by default you are condoning it. Larry believes you are providing people a service by telling them the truth. They need to experience the failure and the pain in order to allow them to learn from their mistakes. Keeping quiet doesn’t help anybody. 

Key Takeaways:

Jason’s Editorial:

 

[4:56] Is this the beginning of the economic meltdown

Larry Winget Interview:

[8:07] Entitlement is the biggest enemy to our society

[8:59] People need stronger opinions and need to stand up for them

[9:44] Living on the edge is what gets one into history books

[10:50] The “I have a pair” test 

[12:16] If you put up with something you condone it

[12:50] If you want to do the other party a service speak up about crappy service

[13:54] Peale’s “ruined by praise than saved by criticism” quote

[14:57] Ground your opinion and refuse to create drama

[16:14] I provoke people on purpose 

[17:33] Which is better having rabid fans or rabid enemies

[19:35] I can count on my haters, they buy my products 

[20:28] Numbness is a caused by a of lack of confidence in a speaker's’ faith in what they say 

[21:51] Businesses can grow a pair by refusing to tolerate thieves or 20% of their employees

[23:27] We expect more out of our government than we expect out of ourselves 

[25:21] Being in the middle is a safe place but it’s no fun

[27:12] Honest and open communication isn’t welcome in a world of political correctness

[28:44] I respect all opinions on my social media page 

[30:38] It’s not about changing somebody else it’s always about yourself

[32:49] Kid’s need to experience failure and friends need the truth

Direct download: CW_1050_FBF_Larry_Winget.mp3
Category:general -- posted at: 4:07pm EST

Jason Hartman and Doug take today's episode as a chance to look at some key happenings in our world today. By now you've heard Jason discuss how there's a softening in prices at the top of the housing market that is likely to slowly trickle down into other price ranges, but Doug says there's another metric to look at that's also telling us a recession is headed our way.

With stocks on a 10 year run, we know it can't stay this way forever. Jason and Doug look at whether the US investor's propensity to demand immediate gains by companies may be hurting us against our foreign competitors. They also look at the upcoming Profits in Paradise event and what's happening in the short-term rental market.

Key Takeaways:

[2:07] Doug says there's a better sign of an upcoming recession aside from an inverted yield curve

[5:34] Trickle up poverty

[8:46] The rich have resources in the hard times (helping them get richer), the poor get hurt by them

[11:56] We're now on a 10 year run in the stock market, how much longer can we go?

[15:53] Asia's long term view for companies could be a problem for instant gratification that the US is plagued with

[19:14] Long economic expansions makes people forget that counterparty risk is real

[23:49] This housing slowdown is starting at the top and will work its way down

[26:36] What Doug is excited about for Profits in Paradise

[30:48] Where is all the additional demand for hotels and short-term rentals coming from?

[33:04] The best strategy for short-term providers

Website:

www.JasonHartman.com/Events

www.JasonHartman.com/Properties

Jason Hartman's Alexa Flash Briefing

The PropertyCast

Direct download: CW_1049_Doug.mp3
Category:general -- posted at: 5:32pm EST

Today's show features Jason Hartman discussing some of the main stories in the news today. The first story is one of the reasons Jason created Commandment #3 (Thou Shalt Maintain Control), the next is a potential sign of a market slowdown from none other than the scandal plagued Wells Fargo, then the potential return of risky loans. Finally we wrap it up with a story on how California might make it even more expensive to live there.

Key Takeaways:

[2:09] Forgetting Commandment #3 can often be an expensive lesson and the biggest Ponzi scheme in the world

[6:52] Always think of opportunity cost when you have money sitting around

[12:20] A potential sign of a market slowdown from Wells Fargo

[16:49] The housing market is slowing from the top down and hasn't hit the type of homes that Jason's network sells

[20:44] Are banks starting to push risky loans?

[26:07] California is considering changes to Prop 13 and home requirements, which Jason believes would be devastating for real estate holders

Website:

Profits in Paradise

Jason Hartman's Alexa News Briefing

The PropertyCast

Direct download: CW_1048_Jason.mp3
Category:general -- posted at: 3:39pm EST

Today's Flash Back Friday comes from Episode 571, originally published in September 2015.

Welcome to episode 571 of Creating Wealth Real Estate Investing. If you’re here it’s because you’re interested in creating or growing your wealth through real estate investing. And today’s episode is the perfect vehicle to help you do that.

One of our experts, Joe, joins us to give the down and dirty details of what it takes to get the best financing deal and the specifications you need to qualify for up to 20 properties. We also talk about whether or not you need an attorney to close a loan, the differences between technical refinancing and cash out refinancing as well as how many months’ of reserves you need.

This is expert advice free of charge! And it’s all here on today’s episode of Creating Wealth Real Estate Investing.

Quick answers in the lightning round to all of the most important financing questions. We dig in and ask prudent questions of Joe our financing guru. If you are looking to create your wealth through real estate investments this is the episode for you. Down and dirty details of what it takes to get the best financing deal and the specifications you need to qualify for up to 20 properties. Expert advice free of charge!

Key Takeaways:

Jason’s Editorial:

[1:23] Lender Lightning Round show

[1:58] The great Facebook debate

[4:29] Commandment #3 - Thou shalt maintain control

[9:28] Ric Edelman’s - 10 great reasons to keep a long term mortgage and never pay it off

[11:07] The supply chain of financial advisors

[15:40] It’s an amazing time to be alive

[16:18] The Chinese Government makes it easier to buy overseas assets

[18:40] Newport Rhode Island trip for Venture Alliance members and guests

Lightning Round:

[21:30] Inflation induced debt destruction

[22:15] Financing 10 properties per spouse through Fannie Mae

[22:53] Down payments vary - 5% down reduces your rate

[23:43] Financing through an LLC

[24:24] 1 loan, 1 property with vanilla residential financing

[25:45] Multiple inquiries about your credit score can lower it over time

[27:00] A LLC needs different insurance

[27:47] Is a power of attorney be sufficient to close the loan

[28:29] An attorney is not needed to close the loan

[29:57] A 2 year landlord history - Fannie Mae no, Freddie Mac yes

[30:56] The minimum credit score is 620 for the first 4 properties, 720 for 5-10

[31:50] Cash out refinancing on investment properties

[33:05] You can always finance your primary residence but different guidelines may apply

[34:21] Lenders need 6 months of reserves

[35:37] Offsetting the mortgage payment based on possible rental income

[37:42] Rental income loss

[38:38] Technical refinance or delayed financing

[40:22] 100% replacement cost needed in homeowners insurance

[44:37] Do your due diligence but beware of multiple credit checks

Website:

www.JasonHartman.com/Properties

Fruitcake Fraud

Direct download: CW_1047_FBF_Lender.mp3
Category:general -- posted at: 3:11pm EST

Today's episode features Jason Hartman covering a wide range of issues. The topic of conversation ranges from the coming singularity, what it is, when we might see it, etc, then branches into more on the discussion about Automated Valuation Models (AVMs) and whether they're are the precursor to reckless valuations like we saw before the Great Recession.

Jason also looks at the unfortunate situation Venezuela finds them in, with both rampant inflation and a natural disaster on top of it creating serious issues for the citizens of the nation.

And finally Jason listens to some of his favorite investigative journalists work as he discusses why investigative jouralism is important and how it is connected to his 3 guiding principles.

Key Takeaways:

[3:07] The approaching singularity

[7:47] The database Jason was wondering about in relation to Automated Valuation Models exists with Fannie Mae/Freddie Mac

[10:05] Appraisers are a dying industry because the older ones are retiring and the hoops new appraisers have to jump through are hindering new hires

[11:45] Will AVMs cause reckless valuations to return?

[14:11] The IMF has announced that inflation in Venezuela this year alone has been 1,000,000%

[17:07] Asset price inflation is not a part of the inflation index in the USA, which is a big deal

[22:17] The 2 major problems of the humble single family home

[26:11] Investigative journalisms ties to Jason's principles of how you can't hear the dogs that don't bark, compared to what, and what gets rewarded get repeated

Website:

Profits in Paradise

Jason Hartman's Alexa News Briefing

The PropertyCast

John Stossel

Direct download: CW_1046_Jason.mp3
Category:general -- posted at: 11:29pm EST

Jason Hartman welcomes his mom back to the show to discuss self managing properties and how to find the best deals when you have to make repairs. The two also talk about what kinds of addendum she's adding to leases recently, rising rents, job numbers and more.

Key Takeaways:

[2:12] Small business confidence at 35 year high

[5:38] Job numbers are not showing an impact from the trade wars

[8:14] There's legitimate wage growth for the first time in 4 decades, which is great for all Americans (and our economy)

[10:33] Jason's mom has been able to raise 4 of her tenants rent by $100 a month

[13:03] Have tenants have changed over the years?

[16:10] How his mom gets good deals and aligns the tenants interest with her own

[20:12] "You get what you pay for" is not true for much (if anything) in life

[24:14] The kinds of clauses Jason's mom is putting in her leases to protect herself from unruly tenants

[29:24] How to build a great relationship with your tenants

Website:

www.JasonHartman.com/Properties

www.Zumper.com

Direct download: CW_1045_Joyce.mp3
Category:general -- posted at: 1:42pm EST

Today's Flash Back Friday comes from Episode 568, originally published in September 2015.

The sharing economy will certainly change the game in the manufacturing sector but we do not yet know what affect it will have. Considering the normal adaptation lag time and the conversion nuances of each new innovation real estate investors must watch closely as the upcoming game changers come to fruition. Major economic indicators such as unemployment rates and the housing market will be closely monitored. Real estate investing may be entirely different than it is today. 

Key Takeaways:

[2:01] How real estate investors can design their portfolios in the current govt. environment 

[3:24] 3 Cardinal rules of real estate - Location, location, location

[3:57] What is the labor content fallacy or the zero sum game

[5:11] Proving Supply side economics or trickle down economics

[6:25] Looking at economics by way of technology 

[8:09] The self driving cars will hurt high value land owners

[9:06] An audio clip about self driving cars

[10:41] Automotive Industry experts expect an 8 year replacement cycle

[11:28] The average car is used only 4% of the time 

[12:45] How will autonomous driving services affect the auto industry

[14:38] A game changer for real estate

[15:33] Naresh is skeptical about the dates

[18:00] The typical city or town is 40% parking 

[19:11] Will people need to get in a car and go to work

[21:36] A safety app 

[22:34] Will there be high unemployment or will technology fill in the gaps

[25:21] Digital goods basically exhibit a zero cost of production 

[28:01] Real estate investors normally don’t consider what the future may hold

[29:25] Jason’s private mastermind group, Venture Alliance’s Newport Rhode Island trip 

Mentions:

Walk me home app

Medium

WhatsApp

JasonHartman.com

Venture Alliance Mastermind

Direct download: CW_1044_FBF_Naresh.mp3
Category:general -- posted at: 4:24pm EST

Today's episode is all Jason Hartman, as he goes through several of the big (real estate) news stories of the day. First there's a new development at the US Department of Housing & Urban Development that could increase housing availability and reduce home values (at least in the short term).

Then listen in as Jason tells the current story of his commercial property refinance and all the bumps (and fees) that come with the arduous process.

Finally we get to the Fed and interest rates. Jason takes a look at some of the Fed's moves from the past, how they have changed their original charter, and what's happening with interest rates because of that.

Key Takeaways:

[3:17] There's a homelessness crisis in many cities around the country

[6:39] The Department of Housing and Urban Development is trying a new tact that may have a slight downward pressure on real estate values

[11:18] HUD is changing the way it determines how communities are enforcing the fair housing act, including relaxing zoning restrictions

[15:51] The adventure that is Jason's apartment re-finance

[21:03] Cyclical markets are cooling but linear markets are still booming

[26:02] The Fed was supposed to be control the quantity of money, but they morphed into being in charge of interest rates

[29:04] A basic reason to raise interest rates

Website:

www.JasonHartman.com/Properties

Profits in Paradise

Jason Hartman's Alexa News Briefing

The PropertyCast

Direct download: CW_1043_HUD_Refinance_Interest_Rates.mp3
Category:general -- posted at: 4:52pm EST

Jason Hartman starts today's show off back in the car with Carmen discussing some news he's seen recently. Inflation continues to creep up, apparently into the range that makes Central Banks happy, but Jason wants to know why we even have to see inflation, and explains what impact that will have. He also discusses the changes in America (and the history of marketing) that turned us into a consumer spending economy and the squeeze on American manufacturers currently happening.

Then Jason finishes his interview with Dr. Andy Krause, Principal Data Scientist at Greenfield Advisors and AVM Analytics, as the two wrap up their conversation about Automated Valuation Models (AVM). This time the two discuss the wide range of uses AVMs have, how they're going to be changing moving forward, and how short-term rentals are impacting housing markets across the country.

Key Takeaways:

[5:07] Inflation is rising into the range the Central Bank deems "healthy"

[8:39] America is the land built on consumer spending

[12:36] American manufacturers are running low on parts

Dr. Andy Krause, Part 2

[15:35] What the AVMs do outside of simply valuing individual homes

[17:56] The future of AVMs

[21:15] The effects of the short-term rental market on the overall housing market

Website:

www.GreenfieldAdvisors.com

www.AVMAnalytics.com

www.JasonHartman.com/Events

Jason Hartman's Alexa News Briefing

The PropertyCast

Direct download: CW_1042_Andy_Krause2.mp3
Category:general -- posted at: 12:46pm EST

Jason Hartman starts today's episode with Venture Alliance Member Carmen as the two discuss the possibility of "vacation saturation", what the change in repayment of Jason's loans might mean for the housing industry, as well as labor shortages being experienced in the housing sector.

Then we have part 1 of Jason's interview with Dr Andy Krause, Principal Data Scientist at Greenfield Advisors and AVM Analytics, about the state of automated valuation models (AVMs), the potential future for AVMs, how they work, and what practicalities are slowing their development down.

Key Takeaways:

[4:55] Reaching the point of vacation saturation

[10:05] An insiders sign on the direction of the market

[14:35] There is a massive labor shortage in construction and wages are going up

Dr. Andy Krause Interview:

[18:27] The biggest AVM people know about is Zillow

[19:28] The science (and accuracy) behind current AVMs

[22:22] 2 things that are stopping a database from happening that would significantly improve appraisals

[26:52] How does the AVM come up with a value?

Website:

www.GreenfieldAdvisors.com

www.AVMAnalytics.com

www.JasonHartman.com/Events

Jason Hartman's Alexa News Briefing

The PropertyCast

Direct download: CW_1041_Andy_Krause1.mp3
Category:general -- posted at: 8:28pm EST

Today's Flash Back Friday comes from Episode 490, originally published in March 2015.

On today's Creating Wealth introduction, Jason invites Memphis and Little Rock market specialist, Jeremy on to the call. Jeremy talks about his interest in physics and what's going on in these two real estate markets right now. Jason invites Peter Sage from Extreme Entrepreneur to be today's Creating Wealth guest. He is a serial entrepreneur who started his first business at 17. Fernando also joins as guest co-host with Jason and the two ask Peter a series of insightful questions. On the show, Peter shares insight as to why he had a drive to become an entrepreneur, how to find your passion, your why, and much, much more on today's episode. 

Key Takeaways:

2:30 – Jeremy talks about the double split experiment in physics. 

13:20 – What's currently going on in the Memphis and Little Rock market? 

18:30 – Jason introduces Peter Sage and Fernando on to the show. 

28:30 – Get in touch with what you're passionate about. Ask yourself questions about your life purpose. 

39:40 – Why is it that some people struggle to change and others don't? Peter explains. 

61:30 – How do we prevent ourselves from falling back into the same old routine? 

68:20 – Peter talks about his purpose and his why. 

73:20 – Peter talks about his space-based solar power energy project that he started. 

78:30 – Pharmaceutical companies are not interested in curing diseases, they only want to maintain them. This current medicine model has to change. 

 

Direct download: CW_1040_FBF_Peter_Sage.mp3
Category:general -- posted at: 3:57pm EST

Jason Hartman starts today's episode from the Money Museum, on location at the Kansas City Fed with KC LMS Dave. The two discuss the Kansas City and the Quad Cities rental markets, what you can get for your money in each and what to expect area wise.

Then Jason finishes his interview with family office expert Richard Wilson as the two discuss how much money it takes to make a family office, the importance of integrity in business and investing, and which niche domination can be a good strategy.

Key Takeaways:

[2:58] It only takes 24 minutes to print 10 million new $100 bills

[7:00] What are the Quad Cities and what is the market like there?

[11:23] The types of repairs being done on Dave's properties to make them turnkey

[14:39] The cost of rehabs have gone way up over the past 7-10 years

[16:37] Dave's advice for what type of property is the best for an out of area investor

Richard Wilson Interview:

[21:34] The net worth you need to make a family office worthwhile

[25:20] Niche domination as a strategy

[29:20] If you don't have a focused approach to investments, and don't do things highly intentional, you'll never have synergy

[31:20] You need to have a dashboard and compass as to where you want to go, and it needs to be documented

[33:52] Everything in your life and business needs to have integrity

Website:

www.FamilyOffices.com

Direct download: CW_1039_Richard_Wilson2.mp3
Category:general -- posted at: 8:50pm EST

Jason Hartman takes some time today to discuss the yield curve and how it's telling us that a slow down might be on the horizon. He goes through the 3 different types of yield curves and the impact all 3 can have on the economy. Negative interest rates are also explained and Inflation Induced Debt Destruction rears its head again as well. Also, don't forget to subscribe to the PropertyCast and get all the new properties first year pro formas straight through your podcast platform!

Then, in part 1 of the interview, Jason Hartman talks with Richard Wilson, a family office expert, about what we can learn about investing by looking at what centimillionaires are doing.

Key Takeaways:

[4:29] What's going on with the yield curve?

[9:38] Some back of the napkin calculations on negative interest rates

[14:28] The 3 different types of yield curves

[18:14] Signs of a turn showing in Orange County

[21:59] When the market cools the service providers will become a little more grateful and conscientous

Richard Wilson, Part 1

[25:15] Some of the business practices used by centimillionaires

[28:58] What a family office really is, and why it's a thing

Website:

www.FamilyOffices.com

The PropertyCast

Direct download: CW_1038_Richard_Wilson1.mp3
Category:general -- posted at: 3:00pm EST

Today's episode is about one short, simple, beautiful word: DEBT. Fresh off reading/listening to George Graeber's Debt: The First 5,000 Years, Jason delves into the subject matter head first, playing some clips from the book and discussing them in regards to today's world.

Key Takeaways:

[4:34] The recent history of the rotation of the worst big bank in America, Wells Fargo is currently in the lead and had a computer glitch make hundreds lose their homes

[10:06] Why the housing market is actually different this time around

[15:10] Some samples from Debt: The First 5,000 Years

[25:45] It's incredible how throughout history, conquering nations make money by going in, making "improvements" and forcing the newly conquered people to pay for them, or by making them pay back the money the conquering nation spent defeating them

[30:05] The 60s and 70s featured a time where America was prosperous and people were getting cost of living raises and , followed by decades of stagnant wages until Donald Trump

Website:

Debt: The First 5,000 Years

www.JasonHartman.com/Properties

The PropertyCast

Direct download: CW_1037_Debt.mp3
Category:general -- posted at: 6:46pm EST

Today's Flash Back Friday comes from Episode 598, originally published in November 2015.

Self-management tools often boast ease of use and shortcuts to save you time but don’t always deliver. Cozy and Landlordology are property management tools which offer end to end online self-management solutions. Both tenants and property managers benefit from the monthly automatic rent collection feature as well as the integrated application process. If you think doing a background check along with a credit report will help qualify renters qualifications then sign up for Cozy today.

Key Takeaways:

Jason's Editorial:

[1:20] What time is it? It's an amazing time to be alive

[2:44] Income investment strength versus deflation

[5:00] Deferring your tax liability

[7:02] Inflation induced debt destruction

[9:03] Debt transfers wealth from the lenders to the borrowers in an inflationary environment

[10:33] What gets rewarded, gets repeated

[10:57] Deflation makes debt more burdensome

[13:40] Use the voicemail feature at Jasonhartman.com for your questions

[14:09] Sign up for the Meet the Masters event in Dubai

Lucas Hall Guest Interview:

[16:27] Lucas teaches managers how to manage their own properties

[18:23] You need to get your message out there - try postlets

[19:56] Hire a real estate photographer for great photos of your property

[24:44] Going over your general requirements before meeting at the property will save time

[26:04] A 2-year lease provides extra security for the tenant

[27:34] What is a landlord’s open house?

[29:28] Possible new tenants can submit an application as soon as they leave the property viewing

[31:20] Cozy is an end to end property management platform

[35:09] Rent collection can be difficult for property managers

[40:47] Property managers can garnish wages to collect back rent

[41:51] Automating your rent collection will make it easier for owner and tenant

[42:39] Resources are available on Landlordology.com

Mention:

JasonHartman.com

Venture Alliance Mastermind

Landlord Ologist

Cozy

Craigslist

Postlets

Circlepix

Click Notices

Direct download: CW_1036_FBF_Lucas_Hall.mp3
Category:general -- posted at: 5:24pm EST

Jason Hartman starts off today's episode with a tale of his current lawsuit and the experience it's given him with the legal system. The way our current system is set up nobody wins, and there doesn't seem to be a lot of accountability going on either.

Jason also plays some Voxer messages from client Drew Baker about his recent experiences doing self management. After that Jason finishes up his interview with podcast producer Adam Schroeder. This time the two discuss finding repair people, what to expect from property management software, whether to allow grace periods and what kind of late fees to charge.

Key Takeaways:

[1:57] Nobody wins in our current legal system

[6:04] Get the latest properties available from Jason through the PropertyCast

[7:38] Drew's experience self managing

Adam Schroeder Interview:

[13:32] You should have a clause in the lease stating which repairs the tenant is responsible for

[17:58] What to expect from property management software

[22:01] The importance of an increasing late fee

Website:

www.JasonHartman.com/Properties

www.FreeCourt.com

The PropertyCast

Direct download: CW_1035_Adam_Schroeder2.mp3
Category:general -- posted at: 4:55pm EST

Returning guest Adam Schroeder joins Jason Hartman for this episode, as the two discuss the steps for transitioning from professional management of rental properties to self management. Adam and his wife have 3 (going on 4) properties and are thinking that the time is soon coming to venture out on their own. But before doing that there are some important things to do like what information to get from your property manager, what kind of initial contact to have with the current tenant, finding forms and contracts when you're finding/reupping tenants, pet rent, and more.

Key Takeaways:

[3:36] Why Jason loves a good recession

[8:29] Jason's been involved in around 10,000 real estate transactions

[13:08] Sometimes removing a property manager actually makes things easier

[16:27] The information you need to get from your current property manager if you're going to make a switch

[21:26] A way to change your relationship with your property manager rather than completely ending it

[24:09] Bad property manager reviews on sites like Yelp might be a good thing, that's why you have to read them

[29:23] Insurance: individual policies or a commercial policy?

Websites:

www.JasonHartman.com/Properties

www.WeGoLook.com

www.NoLo.com

www.RocketLawyer.com

www.Buildium.com

Direct download: CW_1034_Adam_Schroeder1.mp3
Category:general -- posted at: 5:38pm EST

Jason Hartman starts today's episode from Germany, on his way back to the land of capitalism, and he couldn't be happier. After nearly a month in Europe seeing the effects of socialism, Jason's ready to get back to the land where people are more motivated and innovation is more apparent. When governments get involved in picking the winners and losers, nothing good comes out of it, and Jason wants to see America avoid the fate of Europe.

Then Jason finishes his interview with Dr. Nima Sanandaji, originally begun in episode 1028. The two wrap up the interview discussing where the ideas for Adam Smith's "Invisible Hand" really came from, how the Nordic society actually ended up being socialist (and why it doesn't work in the places it's being tried now), and the dangers of government growth.

Key Takeaways:

[2:48] Things in Europe are smaller and not as good of quality. We shouldn't become more like Europe, Europe should become more like the USA

[5:54] The government needs to get out of the business of picking winners and losers

Dr Nima Sanandaji Interview:

[8:20] Adam Smith's "Invisible hand" had been described in China and the Middle East thousands of years earlier

[11:36] Capitalism: the most successful "religion" of all time?

[14:56] The poor immigrants who left the Nordics for America have descendants that are much better off than those who stayed

[18:55] Governments can't shrink down. Once they bloat they collapse under their own weight

[21:57] The Western world needs to learn from history and go back to free market economic policies with minimal government

Websites:

www.JasonHartman.com/Events

www.Capitalism.global

Direct download: CW_1033_Nima_Sanandaji_2.mp3
Category:general -- posted at: 8:20pm EST

Today's Flash Back Friday comes from Episode 653, originally published in March 2016.

Jason’s mom will be attending the upcoming Venture Alliance Mastermind trip to Jekyll Island. She decided to prepare herself by reading the updated version of The Creature from Jekyll Island again. She and Jason review sections of the book and discuss the insanity which is the Federal Reserve and how the entity came to be. You are invited to join Jason and his mother on the Jekyll Island trip as a Venture Alliance member or as a guest. If you attend you will experience a piece of American financial history and possibly have your coffee disturbed by a famous hotel ghost.

Key Takeaways:

[3:47] Jason’s mother’s assessment of the book “The Creature From Jekyll Island” and the history of the Federal Reserve. 

[12:27] The ghosts of the Jekyll Island hotel do more than drink the guests coffee, they pick pockets too.

[18:28] Past podcasts guests, Chris Martenson and Bill Bonner agree, the Federal Reserve system is convoluted.

[22:38] We all easily pay 60% or more of our income to some sort of tax.

[32:36] Listeners must see the 99 Homes, The Big Short and Life and Debt documentaries.

[34:11] The government can tax people through taxes or inflation, which is the hidden tax.

[40:06] When you invest in income property you align yourself with the Federal Reserve.

Websites:

Jason Hartman

Venture Alliance Mastermind

Direct download: CW_1032_FBF_Jason_Mom.mp3
Category:general -- posted at: 11:52am EST

Jason Hartman talks with Patrick Parry, Orange County realtor & former investment counselor, about what signs Pat is seeing in the Orange County market that give him pause when it comes to the housing market. Days on market have escalated (some rather significantly) in every price bracket, and inventory continues to increase.

The two also discuss commercial real estate, and how it's a totally different game (with significantly less room for error) than residential real estate.

Key Takeaways:

[5:17] Signs the housing market is cooling?

[7:29] Time on market has doubled as inventory increases

[13:42] The difference in the landlord/tenant relationship of residential vs commercial real estate

[18:58] Jason has been flat out lied to by commercial landlords

[21:14] You do not have protections in the commercial real estate world, you better have good lawyers and great research

[23:25] Commercial investors have a very high tolerance for loss due to vacancy

[29:07] The increase in home days on market based on sales price

[33:01] People are always looking in the rear view mirror when it comes to markets, except sellers, they're often banking on the greater fool theory when they price their wares

Website:

www.PatParryHomes.com

Direct download: CW_1031_Pat_Parry.mp3
Category:general -- posted at: 12:59pm EST

In today's intro Jason Hartman looks at a few signs in the real estate market that aren't so rosey, as well as adjusting the Brady Bunch house for inflation and seeing how real estate holds up against it (and why linear markets are the better bet for steady appreciation).

Then, in today's 10th episode, Jason talks with Dr. Robert Whaples, Professor and Chair in the Department of Economics, Wake Forest University and co-editor and managing editor of The Independent Review. The two discuss the current Pope's world view and the nature of the Catholic church today.

Key Takeaways:

[2:21] Are there signs of upcoming trouble? There's definitely been a slow down in the higher end markets

[6:11] The Brady Bunch house is for sale, what's it selling for (and compared to what)?

[10:14] Linear markets give you more consistent appreciation than cyclical markets

Dr Robert Whaples Interview:

[14:17] What is Pope Francis' world view?

[18:42] How the economy is connected to the environment in the Pope's world view

[24:21] Do we need environmental regulations and taxes?

[26:08] Have we just exported our pollution?

[31:24] Where does the Catholic church come in on the uneven playing fields of markets and oligarchies

Website:

www.Independent.org

Direct download: CW_1030_Robert_Whaples.mp3
Category:general -- posted at: 12:29pm EST

Today's Flash Back Friday comes from Episode 665, originally published in April 2016.

Just last year Greg Saylor was a corporate software engineer looking for a reliable investment strategy. He found the Creating Wealth podcast and listened during his long commute. He decided to pick up the phone and call one of Jason’s investment specialists. It’s now six months later and Greg has six income properties earning him $4000.00 in monthly income. His due diligence partnered with the extensive data resources available on JasonHartman.com have allowed him to get a step closer to financial freedom. 

Key Takeaways:

Jason’s Editorial:

[4:01] What is your motivator? Do you expend more energy to conserve than to gain?

[12:39] Hartman Education is having a big 2-week sale! 

Greg Saylor Guest Interview:

[18:57] Was it the Creating Wealth podcast that got Greg interested in real estate investing?

[26:29] The acquiring of the properties had the most components, everything else is pretty straightforward. 

[27:49] Greg shares the details his first income property deal including the flaws.

[35:53] A certain percentage of risk is acceptable as long as you have a solid portfolio.

[40:06] Property taxes are one factor which is that varies greatly from market to market.

[45:18] Some rules for new investors to follow are to plan for additional expenses, be conservative on your numbers and have a reserve fund.

[48:07] The debt to income ratio is an important factor in financing.

Websites:

Jason Hartman

Hartman Education

Property Tracker Software

Direct download: CW_1029_FBF_Greg_Saylor.mp3
Category:general -- posted at: 3:56pm EST

Jason Hartman starts today's episode from Naples, discussing how, despite what you may think, the demise of America is greatly overstated when you start asking the question "Compared to what?". He also brings a morsel of hope to real estate investors, as housing inventory is showing signs of increasing and home owner equity is at an all time high (but fewer owners than ever are stripping that equity).

Then, in part 1 of the interview, Jason talks with Dr Nima Sanandaji, author of the new book The Birthplace of Capitalism - The Middle East, about how capitalism originally began in what is now Iran and Syria, and how the golden age of the Middle East was during the times of capitalism.

Key Takeaways:

[1:46] Think the US is in decline? Well, compared to what? Because Europe isn't doing that great either

[7:41] Keep everything in perspective when you think your problems are huge

[13:00] Inventory could increase a bit in the near future

[16:03] Home owners have an estimated $5.8 trillion in accessible home equity, but fewer are taking cash than in previous eras

Dr Nima Sanandaji Interview:

[19:16] Birthplace of capitalism (the original form) was in what is now Iraq and Syria

[22:36] The golden ages of human civilization in China and India was driven by capitalism

[26:33] The ancient Persians were very free market oriented

[29:52] The irrigation for the Middle East was paid for by farm collectives, not the government, spurred on by strong private property rights

[33:27] Cyrus the Great believed the government's only role was to maintain private property and voluntary contract

Website:

www.JasonHartman.com/Properties

www.JasonHartman.com/Events

www.Capitalism.global

Direct download: CW_1028_Nima_Sanandaji.mp3
Category:general -- posted at: 6:36pm EST

Jason Hartman is joined by Venture Alliance member Carmen today in Naples, as the two discuss the importance of music on society (and why it might be more important than monetary control), why complaining is actually important, and some good book recommendations for those interested in learning more about the economy and real estate.

Jason also explores the current single family rental demand and what the demographics are looking like for the next 10 years.

Key Takeaways:

[2:50] North Korea is sitting on $6 trillion of mineral assets

[8:07] Give Jason control of the music and he cares not who controls the money or makes the laws

[11:46] You have to be a complainer when people wrong you

[15:31] Some good books Jason recommends

[20:44] No place on Earth or time in history has big, intrusive, high tax, government burden made life better for citizens

[25:02] Single family demand: 57% of renters are renting single family houses

Website:

www.JasonHartman.com/Properties

Profits in Paradise

Direct download: CW_1027_Jason_Hartman.mp3
Category:general -- posted at: 11:47pm EST

Today's Flash Back Friday comes from Episode 785, originally published in January 2017.

During today’s episode, Jason shares his appreciation for the ability to self-manage rental properties and the dis-intermediation of single family home sales. The Chief Product Officer for Key Please, Adam Lorentzen joins Jason to describe the sought after service of landlord free, self-showings of rental properties. The Key Please business model focuses on automating the self-management process for owners as well as making the process as easy as possible for renters.  

Key Takeaways:

[1:34] Self-managing a property from a distance is possible

[4:16] Wall Street Journal article “Blackstone Wins Fannie’s Backing for Rental Home Debt”

[7:20] President Trump has a lot of energy and will be good for the American economy

[11:21] We will soon see the easing of landlord problems

Adam Lorentzen Guest Interview

[16:05] Key Please helps owners automatically self-manage their properties with 3 tools

[21:33] Adam is surprised by the number of users embracing the Key Please service

[23:42] Adam describes the process for the renter and the property owner

[29:10] The simple hardware has a deeper level of security than wifi or cell-based systems

[31:56] People who view the properties can provide anonymous feedback

[33:20] This service is for property owners who want flexibility in how they manage their properties

[36:51] Key Please wants to assist small property owners and renters in the near future

Website:

www.JasonHartman.com/Properties

www.Twitter.com/AdamElevate

Direct download: CW_1026_FBF_Divyesh_Panchal.mp3
Category:general -- posted at: 4:00pm EST

Jason Hartman starts off the show from Croatia discussing the difference in investing when there are private companies involved versus when the government is involved. With private companies you know what you're going to get, they're going to follow supply & demand and try to maximize profits. With governments, however, they're much more of a wild card, which can make successfully investing more difficult.

Then Jason talks with Bill Janeway, an active venture capitalist, director of Magnet Systems and O'Reilly Media, Chairman of the Board of Trustees of Cambridge in America, and author of the recently revised and updated book Doing Capitalism in the Innovation Economy. The two discuss the 3 player game and the government's role on both the supply and demand side of the market, the digital revolution and the coming green revolution.

Key Takeaways:

[2:53] You can predict what private companies will do pretty easily, the government is a wild card

[6:39] An invitation to Profits in Paradise in Hawaii

Bill Janeway Interview:

[9:32] How the thesis of the 3 player game came about

[13:29] There are markets that need government pushing the supply side of things for driving innovation, but sometimes the government even needs to be on the demand side, adding income to support the economy

[17:22] If the government hadn't jumped in on the demand side in the 2009 recession history has shown us what would have happened

[19:26] Wherever there's a market for assets there will be bubbles

[25:10] Why the digital revolution made Bill extend his book

[32:09] We've got a new challenge, a new technological revolution, which is the need for a new, green revolution

Website:

www.JasonHartman.com/Events

www.BillJaneway.com

Direct download: CW_1025_Bill_Janeway.mp3
Category:general -- posted at: 9:00am EST

Jason Hartman does episode 1024 from the bow of a yacht outside of Croatia with Venture Alliance member Carmen. The two discuss inflation's impact on everything from our savings to our real estate, how to deal with trolls in business (and the lawsuits that inevitably follow), and the need for a side hustle.

In the second half of the show Carmen and Jason discuss her Amazon business, which includes how Carmen sources product, the trials of selling on Amazon, and how your business should evolve over time to stay relevant.

Key Takeaways:

[6:13] Inflation destroys the value of our savings, but thankfully it also destroys our (real estate) debt too

[9:41] Technology is making office and retail real estate almost irrelevant

[12:44] Why Jason let someone not pay him on a note for 11 years

[16:10] Are patents even worth it these days with the speed of the world?

[20:58] Life is messy, it's how you handle it that's important. Stay away from the get rich quick stuff.

[25:15] Get a side hustle if for no other reason than to have more tax writeofffs

[31:28] You have to evolve with your business

[36:41] Outlets like Amazon have allowed control of the marketplace to leave board rooms and let individuals call the shots

Website:

www.CBAccessories.us

www.JasonHartman.com/Events

Direct download: CW_1024_Carmen.mp3
Category:general -- posted at: 11:46am EST

Today's Flash Back Friday comes from Episode 783, originally published in January 2017.

Jason’s guest, Patrick Donohoe is the CEO of Paradigm Life. Paradigm Life is an insurance-based financial services company. Patrick shares his thoughts on the recent political changes and how the U.S. economy will be affected, he shares his thoughts on the new administration with a high-level worldview and he recalls his recent experience at the Meet the Masters of Income Property event in California.

Key Takeaways:

[3:05] The caliber of people at the Meet the Masters of Income Property event was a high point

[5:52] Foxconn will bring manufacturing back to the U.S. due to Trump’s business savvy

[12:28] Patrick doesn’t believe charity to foreign nations is in the best interest of the U.S.

[16:23] It will be fascinating to see how Trump deals with the past, present and future

[20:49] Trump will inject adrenaline into the U.S. economy

[23:50] Paradigm Life is an insurance-based financial services company

[28:18] A stock market rally is a short-lived business cycle

[30:51] Patrick describes how he makes the right investment and performs due diligence when acquiring properties.

Website:

www.ParadigmLife.net

www.JasonHartman.com/Properties

www.VentureAllianceMastermind.com

Direct download: CW_1023_FBF_Pat_Donohoe.mp3
Category:general -- posted at: 12:00pm EST

Jason Hartman takes a turn to the listener mailbag while talking with Kerry Lutz, founder of the Financial Survival Network. Today's topics run the gamut from when to rent your personal residence, how RV ratios work around the world, how to work with Jason, and how to get OUT of the real estate game as you get older.

Key Takeaways:

[2:41] Why Jason has long believed the idea of public unions is ridiculous

[6:27] The stigma between renters and home owners seems to be disappearing, if not already completely gone

[9:54] Mason's question on renting his primary residence

[18:42] RV Ratios apply world wide

[19:23] How is depreciation unwound?

[24:58] Is it wise to put 100% down on a property if you have the cash?

Website:

www.JasonHartman.com/Properties

www.FinancialSurvivalNetwork.com

AIPIS 207 -Prices, Rents, and Interest Rates

Direct download: CW_1022_Kerry_Lutz_Q-A.mp3
Category:general -- posted at: 6:50pm EST

Jason Hartman spends the episode talking with Kerry Lutz, founder of the Financial Survival Network, as the two discuss the ever important issue of preparing for the NEXT recession (because we all know there's going to be one eventually). The two discuss the importance of using debt prudently, how the banks were active participants in the mortgage meltdown, how to find true asset prices, and more.

Key Takeaways:

[7:45] Planning for the next recession

[13:06] We are in a boom economy, so what do we need to be reminded to watch out for?

[16:59] Check your home insurance renewals carefully

[24:13] Debt is your friend, and if managed properly it always offers options

[28:24] The banks are active participants, not victims, in these mortgage meltdowns and recessions

[34:21] If the lending dried up in any asset class the price would adjust to the real market value

Websites:

www.JasonHartman.com/Properties

www.FinancialSurvivalNetwork.com

HS 267 - How to PROSPER! As the World Falls Apart with Chris Martenson

Direct download: CW_1021_Kerry_Lutz.mp3
Category:general -- posted at: 4:36pm EST

Today's Flash Back Friday comes from Episode 640, originally published in February 2016.

Jason starts things off with his thoughts on cycles of opportunity, autonomous cars, and information about how you can win free tickets to the next JHU event. The JHU event will highlight how to evaluate properties for the most historically proven asset class in the world. And returning guest, Dan Millman who is the author of 17 books, talks about his new book “The Four Purposes of Life”. He shares his special life calculator which utilizes the numbers from your birth date to enlighten you about your life path. This information can help guide you on your journey.

Key Takeaways:

[4:32] The opportunity cycle when supply exceeds demand requires sorting

[10:00] The autonomous cars will be virtually everywhere, it’s a game changer

[14:45] The problem with statistics

[18:57] Land contract options available

[21:15] Evaluating properties at the next Jason Hartman University Live event 

Dan Millman Guest Interview:

[24:25] Writing The Four Purposes of Life

[26:29] What are the Four Purposes of Life?

[28:56] Purpose #4 - Attend to the arising moment 

[34:15] Increase your quality of presence

[35:55] Purpose #1 - Learn the lessons of life a little more gracefully

[39:51] Purpose #2 - The difference between your career and your calling

[43:04] Purpose #3 - Discover life’s path

[47:45] All of my books have their own purpose

[48:25] 12 required courses in the school of life 

Mentions:

Jason Hartman

Way of the Peaceful Warrior

Insurance.com

Property Tracker

Property Evaluator App

The Four Purposes of Life

The Way of the Peaceful Warrior

The Creative Compass

Life Purpose App

A Life you Were Born to Live

Everyday Enlightenment

Direct download: CW_1020_FBF_Dan_Millman.mp3
Category:general -- posted at: 12:00pm EST

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_1019_Jason_Hartman.mp3
Category:general -- posted at: 12:00pm EST

Today's episode is all about jobs. Jobs that are vanishing to be precise. Jason Hartman takes a look at a Business Insider article that discusses 41 jobs that are disappearing in today's world. Not surprising, many of them involve middle men/women.

Then Jason finishes his interview with Ben Way, CEO of Digits, about how technology (robots in particular) will be changing the way we think of things throughout our society, from dating to working, to risk aversion. Information is more available than ever before, is that actually holding us back?

Key Takeaways:

[3:47] Real estate investing is really just investing in packaged commodities

[8:31] One of the jobs that is going away is Executive Secretaries and Executive Admin Assistants, and why it matters to real estate investors

[13:09] Technology makes it easy to disintermediate, leading to middle man jobs going away

Ben Way, Part 2

[18:59] How do the logistics and hard drives of robots work?

[22:10] The plethora of information is making kids more risk averse

[25:51] The two things we get wrong when it comes to education

Website:

www.RainmakersGlobal.com

Direct download: CW_1018_Ben_Way2.mp3
Category:general -- posted at: 4:38pm EST

Today's Flash Back Friday comes from Episode 491, originally published in March 2015.

Jason invites Diane Kennedy on the show to talk about taxes and how to save you money. Diane is an experienced CPA and helps her clients all over the world with their taxes, accounting, and investing. The main subject of today's focus is why you should get real estate professional status, the benefits it provides, and what you need to do in order to qualify. 

Key Takeaways:

2:40 – The government takes a big cut whenever you sell stocks and precious metals, but that doesn't happen with income property

7:40 – Diane explains what the charitable remainder trust is

13:05 – There are three tests you need to qualify in order to get the real estate professional status

20:00 – What is the an aggregation election? Jason explains

29:50 – If you have a property manager, it's going to be hard for you to qualify. It is best in this case to self-manage your properties

34:15 – This stuff is complicated! Get advise from a good CPA and attorney before it's too late

36:00 – Why do you even want to get real estate professional status? Jason breaks it down

42:30 – The government wants you to own property. They are even incentivizing you for it

Website:

www.USTaxAid.com

Direct download: CW_1017_FBF_Diane_Kennedy.mp3
Category:general -- posted at: 1:04pm EST

Jason Hartman starts off the show by discussing alligators, both real life ones and real estate ones, and how we need to avoid both. As we go through life, it's easy to look back and say "If only I'd invested then", so the current you should invest for the sake of future you.

Then, Jason talks with Ben Way, CEO of Digits, about how the future is going to look in the first part of their interview. The two start off discussing how Digits is going about turning regular credit cards into Cryptocards that allow you to spend your cryptocurrency but also hedge that purchase for a year. Then the two discuss the changes that automation is going to bring to our society.

Key Takeaways:

[2:07] A trivia fact about real alligators, and avoiding real estate alligators

[5:07] The short term trends are what gets people, because you have to allow for 2-3 years

[10:19] Naresh's realization that real estate was a worthy investment

[14:11] Invest for your future because there will be a time that you will say "I wish I'd started back then"

Ben Way Interview, Part 1

[18:40] How Digits converts your existing credit cards into crypto cards and gives you up to a 1 year hedge on your currency

[21:55] How the 1 year hedge is made possible

[26:10] Every innovation leads people to fear that everyone was going to lose their job and be displaced, but it's never really happened. Is this time different?

[29:42] What people forget about automation

Website:

www.JasonHartman.com/Properties

www.RainmakersGlobal.com

Direct download: CW_1016_Ben_Way1.mp3
Category:general -- posted at: 6:19pm EST

Jason Hartman begins today talking about a recent article on Globe St that discussed the 7 ways Generation Z will impact the commercial real estate world. Jason also discusses how it also impacts residential real estate.

Then Jason finishes his interview with Matthew Gardner, Chief Economist at Windermere Real Estate. The two discuss the lack of home inventory and why the loosening of credit regulations isn't going to impact home sales as much as some are hoping. Then they also delve into millennials trying to afford homes and WHERE they can actually afford to live.

Key Takeaways:

[3:58] Education is the shortest distance between poverty and wealth

[6:56] Generation Z is going to bring the suburbs back

[12:27] What the shift back to suburbs will do to companies

Matthew Gardner Interview:

[16:58] It's taking a credit score of 740 to get a mortgage loan these days, but even if more people become eligible there's no inventory

[20:09] Factors that could trigger the next business cycle recession and what the next recession might look like

[24:27] Who are the "Boomerang Buyers" and how might they impact the single family rental rate growth?

[24:18] Millennials are having a hard time saving up for a down payment and are asking for a loan from the bank of Mom & Dad

[27:04] Milennials want to live in the "exurbs" in townhomes, but home prices are pushing them out further

Website:

7 Ways Generation Z Will Change CRE on GlobeSt.com

www.Windermere.com/Economics

Direct download: CW_1015_Matthew_Gardner2.mp3
Category:general -- posted at: 12:00pm EST

Today's Flash Back Friday comes from Episode 692, originally published in June 2016.

This episode starts out with an introduction on buy downs and then finishes up with a live recording of Jason’s session on SWOT aka Strengths, Weaknesses, Opportunities, and Threats, as they apply to the most historically proven asset class in the world. Jason explains why the imperfection and fragmentation of the U.S. real estate market make it a beneficial investment vehicle and why it outperforms Wall Street and stocks every single time.

Key Takeaways:

[2:50] What is a buy down?

[8:34] Looking at a real life example of points and how they affect your loan amount.

[16:07] Should you buy a rate down or is it better to put more money down?

[22:59] Why Wimpy from Popeye was a fantastic economic teacher.

[25:38] Real estate is a fragmented investment class but this is why it’s a good thing.

[38:59] Weaknesses of income property include property management and rent collection.

[41:45] Regression to replacement cost is different than appreciation.

[46:10] What are some threats to income property values?

Mentions:

Jason Hartman

Hartman Education

Direct download: CW_1014_FBF_SWOT.mp3
Category:general -- posted at: 12:00pm EST

Jason Hartman starts off the show giving President Trump credit where credit is due, and that's in regards to the summit in Singapore with North Korea. Trump has been able to get them to the negotiating table, which no other US president has been able to accomplish. Then, Jason gives a little warning about one of the scariest companies in the world today, Facebook.

In the interview portion today we have the first half of Jason's interview with Matthew Gardner, Chief Economist at Windermere Real Estate. The two discuss what's going on in the macro US economy, what's going on with home inventory levels, some of the easiest ways to lower home prices, and the Millennial's (mostly futile) quest to save up for a down payment. Part 2 of the interview will air tomorrow.

Key Takeaways:

[2:31] Give credit where it's due, Trump got the meeting with North Korea, that's historic

[8:45] All the (scary) ways Facebook is gathering your data

Matthew Gardner Interview:

[13:42] What's Matthew's take on what's going on in the macroeconomy

[16:30] What's going on with new home development? Will there be any break in inventory shortgage?

[20:43] The easiest way to lower home costs and ease the inventory crisis is by easing regulatory burdens

[24:18] Millenials are having a hard time saving up for a down payment and are asking for a loan from the bank of Mom & Dad

[27:04] Milennials want to live in the "exurbs" in townhomes, but home prices are pushing them out further

Website:

www.Windermere.com/Economics

Direct download: CW_1013_Matthew_Gardner1.mp3
Category:general -- posted at: 5:53pm EST

In today's episode, Jason Hartman is joined once again by Financial Survival Network's Kerry Lutz. The two discuss some important news coming out of Washington these days, and that's the continued dismantling of the Dodd-Frank Act. As you know, Jason has long believed that the election of Trump would lead to this, and now it appears to be picking up steam as Obama holdovers are being replaced by Trump's people.

Jason & Kerry also turn their attention to the importance of protecting yourself from identity theft, as identity theft recently left one woman in jail for 7 weeks until she could prove herself innocent.

Key Takeaways:

[4:45] Big data still gets confused

[5:49] How can you protect yourself from identity threats?

[9:03] Your phone is probably your biggest threat for identity theft

[13:15] There are some things you HAVE to know if you're going to self-manage

[15:57] The latest news on Dodd-Frank

[20:42] Changes are taking place under Trump's new appointment Mulvaney

[22:22] Why these changes are good and bad for real estate investors

Websites:

www.JasonHartman.com/Properties

www.FinancialSurvivalNetwork.com

Direct download: CW_1012_Kerry_Lutz.mp3
Category:general -- posted at: 3:22pm EST

Today's Flash Back Friday comes from Episode 746, originally published in November 2016.

This episode focuses on the opportunities which exist when self-managing an income property. First, Jason reviews a Business Insider article regarding dwindling investment property inventories. And later in the podcast, Jason is joined by Bill, who helps manage Fernando's Atlanta and Texas properties. Bill discusses the steps necessary when self-managing income properties.  He shares how to show a property using software tools, leasing a property to a new tenant and how to have tenants facilitate repairs and maintenance issues.

Key Takeaways:

[3:00] Unpacking the Business Insider Article: Pending Home Sales Jump Despite Painfully Tight Housing Market by Bob Bryan.

[4:08] If you are on the fence about increasing your income property portfolio do it in hybrid markets.  

[7:29] Real estate is a game of staying power.

[18:00] The ways Jason is working to empower his investors and arm with them with exceptional management tools.

[19:26] Bill’s work history makes him uniquely qualified to handle Fernando’s property management requirements.

[22:51] How to use Rently lockboxes when self-managing properties.

[27:14] Making a property rent-ready and contacting contractors through handiman websites.

[28:56] Tenants have a vested interest  when working with contractors to fix or maintain properties.

[31:53] When a property is self-managed tenants to take more responsibility for the property.

[35:42] Property Management Software does most of the back-office work for you.  

[37:12] What is required when leasing a property to a tenant?

Mentioned in This Episode:

Jason Hartman

Venture Alliance

Rently Lockboxes

Appfolio

Direct download: CW_1011_FBF_Bill.mp3
Category:general -- posted at: 12:00pm EST

Jason Hartman takes some time before this 10th episode interview to discuss the concept of the mini-family office and how you can incorporate VAs (virtual assistants) into the mix. Jason provides a litany of websites where you can find VAs, as well as an insight into what characteristics you need to be looking for. Then there's the monetary side of it: does it make financial sense to hire a VA to do this? Well, you can use the Hartman Property Management Metric to figure that out.

Then Jason talks with Peter Shankman, author of Faster Than Normal: Turbocharge Your Focus, Productivity, and Success with the Secrets of the ADHD Brain, about how people with ADHD can use it to their advantage, what actions people need to take in order to be successful in their ventures, how to figure out what your audience wants, and when to ignore your audience.

Key Takeaways:

[4:32] Using VAs to help with your mini-family office

[9:28] The type of VA you need to be looking for to help you with your family office

[11:17] The Hartman Metric is 1 hour per month per property to manage

[13:52] The urban legend of the 3am phone call

Peter Shankman Interview:

[19:35] How is ADHD a benefit?

[22:01] It's important to set up your life in a way that doesn't allow you to get derailed, and the 4 undeniable ADHD life rules

[25:05] You can lead the life you want, you just have to be willing to make the trade offs

[29:13] Your audience will tell you what they want and where they are, if you're willing to listen

[31:08] The only time you want to ignore what your audience is saying they want is when you're a part of a big market disruptor

Website:

www.ShankMinds.com

www.FasterThanNormal.com

www.REVAS.us

www.HireSmartVAs.com

www.ApartmentLines.com

www.IVAA.org

www.Freelancer.com

www.Upwork.com

www.TaskRabbit.com

Direct download: CW_1010_Peter_Shankman.mp3
Category:general -- posted at: 12:00pm EST

Jason Hartman talks with Financial Survival Network's founder Kerry Lutz for the whole episode today, as the two discuss the very important concept of financial repression. While financial repression is bad for individuals, it can be very lucrative for people who have invested in real estate properly in their younger years.

The two also discuss the current phenomenon of "tax refugees" being created by states like California, and where these refugees are fleeing too, as well as when they expect any economic pullback to happen and what Trump is doing that the mainstream media isn't paying attention to.

Key Takeaways:

[5:53] Make sure you get a home inspection and make sure you actually read it and learn the language

[9:11] What is financial repression?

[12:59] Financial repression is a great opportunity for those who invest in real estate

[16:35] Tracking the "tax refugees" leaving California

[23:06] What kind of economic outlooks has Kerry been hearing from the guests on the Financial Survival Network?

[27:04] The mainstream media is missing the fact that Trump is now making large chunks of the government irrelevant

Websites:

www.JasonHartman.com/Properties

www.FinancialSurvivalNetwork.com

Direct download: CW_1009_Kerry_Lutz.mp3
Category:general -- posted at: 5:07pm EST

Today's Flash Back Friday comes from Episode 734, originally published in October 2016.

Jason’s guest, Brian is a client and a longtime Creating Wealth Podcast listener. Brian describes his early days of real estate investing when Sara initially walked him through the buying process. The properties he purchased in Atlanta and Memphis have now matured and Brian is faced with making a decision. Should he refi-til-ya-die or to do a 1031 exchange and get 2 for 1 on his highly appreciated properties. Jason shares his insights on best business practices, how to use an IRA as a tax savings vehicle and recommends some “must read” books on real estate investing.

Key Takeaways:

 

[1:57] Brian read Rich Dad, Poor Dad in high school which led him to the Creating Wealth podcast.

[3:19] Brian was pleased with the support he received from Sara and the Local Market Specialists.

[6:14] Is refi-til-ya-die always the best option or does the 2 for 1 plan make better financial sense on highly appreciated properties?

[9:55] The 2 for 1 exchange gives the owner all of the equity to reinvest. The refi-til-ya-die option is limited to the cash-out loan to value ratio.

[11:10] A refi may be a simpler option and offers a locked-in lower interest rate.

[13:38] Brian shares his real estate investor stories on his website Rental Mindset.

[14:59] When buying real estate inside of an IRA you get a tax efficient vehicle inside of another tax efficient vehicle.

[15:41] Read Garrett Sutton’s Loopholes of Real Estate.

[16:59] Rationalizing buying a property sight unseen.

Mentioned in This Episode:

Jason Hartman

Hartman Education

Rental Mindset

Direct download: CW_1008_FBF_Brian_Case_Study.mp3
Category:general -- posted at: 12:00pm EST

From the studios of the Financial Survival Network, Jason Hartman and Kerry Lutz get together for this episode to discuss the softening of Dodd-Frank, changes in protections for renters in some markets of the US that are making it harder for landlords, potential uses for Blockchain that could significantly impact the way people invest, and some key economic lessons you have to teach your children.

Key Takeaways:

[5:49] Jason went and got stretched today, and it was quite the experience

[7:07] The FBI says you need to reboot your router ASAP

[8:45] The counter intuitive concept that is slowing home sales in the US

[11:58] If you can trade tokens instead of stocks the transaction fees can be sliced immensely

[15:23] The biggest commitment in precious metals to blockchain

[21:31] Jason & Kerry's thoughts on the changes to Dodd-Frank

[25:58] The #1 thing you need to teach your kids about economics: money always goes where it's treated best

[29:24] The Meet the Masters audio product is now available at HartmanEducation.com

Website:

www.HartmanEducation.com

www.JasonHartman.com/Properties

www.JasonHartman.com/Food

Direct download: CW_1007_Kerry_Lutz.mp3
Category:general -- posted at: 8:41pm EST

Jason Hartman starts off today's show on the heels of his weekend with the Venture Alliance Mastermind in New York. In the car with two attendees, Jason discusses why it's important to improve the level of conversation in your life and why this weekend was useful.

Then Jason talks to The Libertarian Chick, Kristin Tate, about the hidden taxes we all pay in our life, and how to do something about that. Kristin explains that often the taxes that we're paying are not being used for the purpose that you would assume they would be.

Key Takeaways:

[4:25] Try to up-level your conversations

[8:57] Come join Jason for a tropical vacation in November

Kristin Tate Interview:

[10:34] Are millenials just not paying attention to fiscal policies?

[12:33] We are being taxed EVERYWHERE, even when we don't see it

[15:43] Where some of your tax money is going probably isn't where you expect

[20:42] The debauchery tax & unintended consequences

[24:20] Awareness is step 1, what's step 2?

[27:50] The smaller the municipality the easier it is to get rid of the tax

[33:00] How did Kristin get into this line of work?

Website:

www.TheLibertarianChick.com

www.Twitter.com/KristinBTate

Direct download: CW_1006_Kristin_Tate.mp3
Category:general -- posted at: 5:55pm EST

Today's Flash Back Friday comes from Episode 749, originally published in November 2016.

Jason and guest Gary Pinkerton breakdown the article, 27 Charts That Will Change How You Think About the American Economy. Each chart represents changes in the US economy related to productivity, demographics or inflation. Highlights of the discussion include the possibility for people to work well past the current social security mandated retirement age, the lopsided amount of service jobs as compared to labor jobs and the real opportunity which exist for real estate investors based on the percentage of Americans with a sizable nest egg.

Key Takeaways:

[1:14] Phenomenal opportunities await real estate and income property investors.

[5:15] A Gobankingrates survey illustrates the crisis at hand showing 62% of the US population has less than $1000.00 as savings.

[9:46] Join us for the upcoming Venture Alliance Mastermind in Phoenix.

Gary Pinkerton Guest Interview:

[14:04] Gary was looking for a way to shift active income into passive income which led him to the Creating Wealth podcast.

[16:21] The 27 Charts that will change how you think about the American economy article, by Timothy Lee.

[20:31] As the Service Industry grows, it is a clear indicator of progress and a higher standard of living.

[24:23] People have been dropping out of the labor force since the year 2000.

[26:54] The real estate charts show growth in urban areas.

[31:29] Analyzing chart #19, Inflation-adjusted housing prices.

[36:42] Housing prices have grown a lot faster than construction costs.

[41:06] The ways Americans retire are changing.

Mentioned in This Episode:

Jason Hartman

Hartman Education

Venture Alliance

27 Charts That Will Change How You Think About The American Economy.

Paradigm Life - About Gary Pinkerton

Direct download: CW_1005_FBF_Gary_Pinkerton.mp3
Category:general -- posted at: 2:24pm EST

Jason Hartman starts off today's episode with a little talk on where interest rates may be headed (according to one economist) and how that would impact current real estate investors. Hint: it's a pretty good thing. He also has to throw in a qualifier to his "Amazing time to be alive" mantra, because there are a few things that aren't amazing right now.

Then Jason finishes up his interview with John Tamny, director for the Center for Economic Freedom, Editor of Real Clear Markets, and author of Who Needs the Fed?: What Taylor Swift, Uber, and Robots Tell Us About Money, as the two discuss the impact of automation on all aspects of our life. John is excited about what all of this change will mean for the common worker and believes it will lead to higher quality of life for all.

Key Takeaways:

[4:12] A qualification to the beloved Jason mantra of "It's an amazing time to be alive"

[7:18] Let Jason control the music and he cares not who controls the laws and the money

[12:13] What Martin Armstrong thinks interests rates will be jumping to

[15:28] Investors already in the game are praying for higher interest rates

John Tamny, Part 2

[20:18] Automation is going to lead into a surge in new kinds of jobs

[25:00] The demand for entertainment and service is going to explode

[26:49] Tamny's Law: as prosperity grows more and more people escape laziness because they find work they love

[28:29] John's thoughts on Universal Basic Income

Website:

www.JasonHartman.com/Properties

www.RealClearMarkets.com

Direct download: CW_1004_John_Tamny2.mp3
Category:general -- posted at: 4:40pm EST

Jason Hartman kicks off the show with listener Nate and his mom discussing what was learned during the recent Creating Wealth seminar, as well as getting some tips about how to create long-term tenants who are understanding of rent increases.

Then, in part 1 of their interview, Jason talks with John Tamny, director for the Center for Economic Freedom, Editor of Real Clear Markets, and author of Who Needs the Fed?: What Taylor Swift, Uber, and Robots Tell Us About Money about why he believes the Fed doesn't have anywhere near the power they're given credit for, why their policies aren't effective in today's world, and why demographics may not be as useful as they're believed.

Key Takeaways:

[5:01] If your tenants are there too long it might be a sign your rent is too low

[10:22] Some tips on long-term tenant retention

[14:49] Evictions don't just stem from not paying rent

John Tamny Interview:

[19:57] How Uber made John realizing something about the Fed

[23:40] The importance of the Fed is vastly overstated

[28:42] The idea that the rest of the world is in on some deal where they hold worthless treasuries isn't realistic

[31:39] Demographic arguments regarding Japan don't hold a lot of weight with John

[35:26] Money flows to its highest use, regardless of the Fed

Website:

www.VentureAllianceMastermind.com

www.RealClearMarkets.com

Direct download: CW_1003_John_Tamny1.mp3
Category:general -- posted at: 3:03pm EST

Investment Counselor, Sara is back on the show. She joins Jason to discuss her three new properties in Memphis, how a client beat her to the punch on other properties she was interested in and just how competitive the market is right now. And in the client case study, Dr. David D’Ambrosio shares his experiences with the 1031 Exchange on properties in the Orlando and Indianapolis markets. He shares his opinions on why more high-tax bracket professionals are not investing in real estate and he asks Jason about what his next steps should be?

The beautiful thing about real estate is you can acquire an asset, get your money back out and still own and control the asset. Plus, you pay no taxes on the money you extract.

Key Takeaways:

[2:12] Sara just closed on three properties in Memphis and she wears PJ’s to bed.   

[6:16] Rate locks - Should you let it float or lock it in?

[9:15] Commodities that make up a house are copper wire, glass, steel, petroleum products are independent of any currency.

[13:53] Is the Creating Wealth show the Fox News of real estate? One listener thinks so.

Dr. David D’Ambrosio Client Case Study:

[17:34] Dr. David D’Ambrosio is Radiation Oncologist living the American Dream. He has always had an interest in real estate.

[19:52] Dr. David recently did a 1031 Exchange and then purchased four properties in Orlando.

[21:34] There are two ways to diversify a real estate portfolio. One is location and the other is through cash flow and appreciation.

[23:25] The 1031 Exchange allows for only 45 days for identifying properties but up to six months to close.

[26:08] It’s frustrating more people, doctors in particular, aren’t investing in real estate. It’s an absolute no-brainer.  

[32:16] Local community banks will provide financing to investors after they reach their traditional property limit.

[38:24] Is it feasible to do a cash out refinance if you can get a sizable amount of cash?

[40:27] The deferred down payment option offered a nine-year break even point.

[43:25] Equity stripping is pulling the money out of a property, having control of the cash and still own the property.

Mentioned in This Episode:

Jason Hartman

Venture Alliance Mastermind

Hartman Education

Direct download: CW_1002_FBF_Dr_David_DAmbrosio_.mp3
Category:general -- posted at: 3:55pm EST

Creating Wealth's 1001st episode is a time to take a look back at the people who have made this show possible, the listeners and clients. Jason has been blessed to have such great clients who come on the podcast to tell other listeners about their real estate journey. Today we've curated some mini client case studies as we look back at what actual real estate investors have to say about their experience working with Jason.

Website:

www.JasonHartman.com/Events

Direct download: CW_1001_Mini_Case_Studies.mp3
Category:general -- posted at: 6:45pm EST

Today is a milestone episode, number 1000! A big thanks goes out to all the guests who have come on the show and all the client case studies who have come to share their real estate journey. The first half of the show is a thanks to them.

The 10th episode for today is Jason Hartman talking with singer Colbie Caillat about how she managed to start her career using MySpace, as well as how she's handled rejection in her career, how she found her creative work process, dealing with rejection, and more.

Key Takeaways:

[4:38] Thank you to all the guests who've come on the show

[9:25] A few listener soundbites from client case studies

Colbie Caillat Interview:

[15:04] Where did the idea to launch her career on MySpace come from?

[18:00] The song writing process

[23:18] Who was the song Capri written for

[26:48] How Colbie stays healthy on tour

[31:12] Dealing with professional rejection

Website:

www.JasonHartman.com/Events

www.ColbieCaillat.com

Direct download: CW_1000_Colbie_Caillat.mp3
Category:general -- posted at: 4:55pm EST

Today's Flash Back Friday comes from Episode 803, originally published in March 2017.

This episode includes a recording of a live Q&A session from a Creating Wealth Seminar.

The Investment Counselor Panel shares real life examples of how investors benefit from the free education and their hands-on assistance. If you are interested in investing in the most historically proven asset class, income properties this podcast is a great place to start. It also includes the reasons why investors would want to attend a future Creating Wealth Seminar and the benefits of joining the high-level Venture Alliance Mastermind. 

Key Takeaways:

[3:09] Venture Alliance wrap-up and details about the upcoming Chicago event.


[10:37] The Memphis Property Tour and Creating Wealth Seminar.

[11:16] Happy 13th Anniversary to the Creating Wealth Seminar!

Live Investment Counselor Panel Part 2 Q&A:

[16:19] The process of finding and vetting a Local Market Specialist.

[19:02] Striking the right balance between A, B and C properties in a portfolio.

[24:13] Amortization of property components.

[27:10] How many properties should I have in one bank account?

[35:59] What benefit do Investment Counselors provide to investors?

[44:20] Do Investment Counselors have different areas of expertise?

[49:28] How to best utilize an Investment Counselor?

Mentioned in This Episode:

Jason Hartman

Venture Alliance Mastermind

Voxer

Property Evaluator Software

Direct download: CW_999_FBF_Investment_Panel.mp3
Category:general -- posted at: 12:00pm EST

Today's episode starts with an invitation to Jason's Philadelphia Creating Wealth seminar that's coming up soon. He also finishes his talk with Doug about portfolio reviews and making your money actually work for you.

Finally Jason talks to Dr. Eric Pichet, Professor & Director of Specialized Masters Program in Wealth Management & Real Estate Management at KEDGE Business School in France, about real estate around the world, as well as the current view of cryptocurrency by governments across the globe.

The two discuss how there is no global real estate market, but there are similarities in each of them, why the US home market is so much bigger than other nations, how cryptocurrencies are being received in Europe and whether governments and central banks will be moving to crush them in the near future.

Key Takeaways:

Intro with Doug:

[6:48] Your returns can be dampened by lazy money, make that money work for you

[9:27] Return on equity percentage can tell you when to rebalance your portfolio

[13:52] Why corporate finance tracks return on equity so much

Eric Pichet Interview:

[16:25] There's no global real estate market, but we seem to be in about the same place in the cycle of each of the big areas

[20:09] Eric's take on Jason's 3 types of market belief

[21:19] Why Jason thinks the European home market is much slower than the US

[24:54] The series of economic events that led to French citizens being interested in real estate

[26:52] The sentiment about cryptocurrencies in Europe

[30:53] How are cryptocurrencies viewed by governments and central banks?

[33:40] Eric expects the G20 nations to declare Bitcoin as a tool for money laundering and terrorism

Website:

www.JasonHartman.com/Events

www.EricPichet.fr

Direct download: CW_998_Eric_Pichet.mp3
Category:general -- posted at: 4:10pm EST

Jason Hartman starts off the show with client Doug about portfolio makeovers, why you should stay in the game for the long run, and the fallacy of the passive investment. Doug got out of the real estate business just before the (positive) market correction and missed out on a lot of money.

Then, Jason finishes his client case study with Muthiah. This time the two look at the actual process of Muthiah filing a claim against a bad provider and how he was about to get restitution after some avenues had failed. Jason also explains how to get a hold of his Hall of Shame resource list, and why you should file complaints even if they're not likely to help you alone.

Key Takeaways:

Jason & Doug Intro:

[5:05] There's no such thing as a passive investment, but there are some things that are easier

[9:16] If you do the math properly, real estate versus the stock market isn't even a competition

[12:15] The problem with being too passive is you don't learn from your successes or failures

Muthiah Client Casey Study, Part 2

[20:00] Muthiah has never tried to self manage his current 20 properties

[23:00] Want Jason Hartman's Hall of Shame resource list? Fill out any form on JasonHartman.com

[25:18] Muthiah's process of filing complaints against the provider

[29:48] You're not just filing these complaints for yourself, it's your duty to protect other people

Website:

www.JasonHartman.com/Properties

Direct download: CW_997_Muthiah_2.mp3
Category:general -- posted at: 4:15pm EST