Creating Wealth Real Estate Investing with Jason Hartman

n this 10th episode show, Jason goes off topic but not far off topic as he welcomes Melissa Francis of FOX News and FOX Business to the podcast. Jason & Melissa discuss the disempowerment of the American people through handouts, how the Democrats are now the wealthiest people in government and Melissa’s new book, Lessons from the Prairie: The Surprising Secrets to Happiness, Success and Sometimes Just Survival I Learned on America’s Favorite Show.

 

Jason is wrapping up the Apple Airpod contest this week. If you would still like to send in your question to be included in the drawing visit JasonHartman.com/contest.

Key Takeaways:

[02:35] Lower your tax burden and your cost of living.

[05:30] The Apple Airpod contest will end after this week so submit your questions now.

[07:26] Jesse wants to know what Jason thinks about mobile homes as rentals?

[16:49] Unlike the US, Luxembourg has a National Housing Market.

 

Melissa Francis Guest Interview:

 

[21:30] Melissa was an actress until she turned 18 when she went to study Economics at Harvard.

[30:32] Hand-outs disempower the people you are giving them to.

[33:34] Is government the answer or is the government the problem?

Mentioned in This Episode:

Jason Hartman

Apple Airpod Contest

Venture Alliance Mastermind

Deals on Wheels by Lonnie Scruggs

Be Your Bank

The Wealth of Nations by Adam Smith

Melissa Francis Official

@MelissaAFrancis on Twitter

Lessons from the Prairie: The Surprising Secrets to Happiness, Success & (Just Survival) I Learned on America’s Favorite Show

Fox News HQ


Jason Hartman guides you through his process for how to read a property Pro Forma.

Key Takeaways:

(0:50) Jason introduces Episode #405
(4:07) Jason plays a video on how to read a property pro forma
(16:56) Jason discusses the extremely important financial indicators section
(24:57) Find out more at www.jasonhartman.com!

Links:

www.jasonhartman.com


Captain Gary Pinkerton joins Jason to share his story of how investing in income property gave him financial freedom and he describes how he used a life insurance policy to fund his investments. Later in the show, Jason and Gary answer listener questions about self-management, markets and taxes received as part of the Apple Airpod contest. Submit your comments and questions now to be entered in the contest which runs through next week.

Key Takeaways:

[01:59] A few things you probably didn't know about submarines.

[05:09] Gary shares the most important lessons he has learned about income property investing.

[08:50] Leveraging prudent debt and getting credit for the appreciation is a 20% ROI.

[12:47] Gary wanted to go to work and make money on his own terms.

[16:51] Increase the efficiency of your properties by funding them in a different way.

[23:26] Looking at the benefits of using a life insurance policy to fund your investments.

[29:00] Self-managing income properties may give your tenants a better experience so they inhabit your property longer.

[32:23] Juan wants to know how to find the best property management company and how to set up his tax structure.

Mentioned in This Episode:

Jason Hartman

Airpod Contest

Property Tracker

Be Your Bank


Jason and Keri start things off by answering a client’s question submitted as part of the Airpod contest and then warn against working with companies who do not require inspections and only deal in cash. During the guest interview, Jason asks James Ledbetter about his books One Nation Under Gold and The Great Depression: A Diary. James Ledbetter is the Founding Editor of Slate's financial site, Big Money, Editor of Inc. Magazine and a contributor to Reuters and Time.

Key Takeaways:

[03:29] Captain Gary Pinkerton asks how to know if the person you are doing business with has bad intentions.

[06:37] Red flags to watch out for when making cash deals and dealing with new providers.

[14:46] It's common for lower-end properties to sell for cash.

[16:04] Gary shares a kind word about working with Jason.

[18:28] Hawaii could be the location of the next Creating Wealth Seminar.

 

James Ledbetter Guest Interview:

 

[20:27] One Nation Under Gold tells of America's obsession with gold.

[22:10] The Bretton Wood system fixed the value of the dollar to gold.

[24:01] Operation 'Goldfinger' was the Johnson administration's attempt at finding more gold.

[29:57] Why do people believe in using gold as a measuring stick?

[34:16] Learning from the past, The Great Depression: A Diary depicts how people made it through the financial disaster.

[36:24] The 500 fastest growing companies will be featured in Inc.'s September issue.

Mentioned in This Episode:

Jason Hartman

Airpod Contest Entry

Venture Alliance Mastermind

One Nation Under Gold

Inc. Magazine


In this particular episode of Creating Wealth, Jason Hartman is his own guest as he remedies an issue from an earlier episode of the show. Available here is a chance to hear his take on the Eight Financial Rules That Apply to Everyone and Their Money, as listed by Business Insider, and a few of his own Commandments. In the second half of the show, Jason finds out about the changing demographics of the United States and questions the consequences on real estate investing, as well as putting some figures and statistics to the eternal question, ‘Can money make you happy?’


On today’s podcast, Jason answers the question “how much money should new investors have for a down payment and in reserve when investing in a property” and he uses a popular joke as a metaphor to explain the relativity of the real estate market. He explains why human psychology always lags the reals estate market, why raising the minimum wage will only end up hurting the poor and he encourages listeners to leave their questions and comments for a chance to win a pair of Apple Airpods.

Key Takeaways:

[04:50] 'Compared to what?' is the question to ask when looking for an opportunity for your money.

[06:57] The concepts of comparison, scarcity and price discovery.

[10:33] Jason makes the article, Marathon Runner Escapes 2 Bears a metaphor about investments.

[16:08] The minimum wage argument doesn't make any sense when you consider inflation.

[21:51] What is the minimum down payment and reserve fund amount for a new investor?

[24:41] A listener question about what to do with his down payment when no are so few properties are available to purchase.

[32:56] Jason's thoughts on a mobile home park as an asset class.

Mentioned in This Episode:

Jason Hartman

Venture Alliance Mastermind

Marathon Runner Escapes 2 Bears by Rob Quinn


In between activities during the Oklahoma City JHU Live event is a great time to record a podcast with new income property investors. David & Gina Nelson share their story of the life-changing decisions that led to investing in real estate with Jason. David & Gina recognized staying in their corporate positions and only investing in the stock market wouldn’t get them where they wanted to be in life.

 

They convey their appreciation for the transparency and support they have received from the Jason Hartman Investment Counselors and share their advice on how you too can have the diversified financial future you deserve.

Key Takeaways:

[01:40] David & Gina wanted to take control of their lives and build their wealth by investing in income properties.

[06:15] You are never too old or too young to start investing in your future and real estate.

[09:20] The portfolio builder game is a great way to find out what type of investor you are.

[12:03] The Nelson's plan to retire next year and use income property as their wealth vehicle.

[16:59] The value in understanding the linear, hybrid and cyclical markets.

[20:43] David & Gina recommend finding a mentor and listening to podcasts to educate yourself.

Mentioned in This Episode:

Jason Hartman

Venture Alliance Mastermind


Jason talks with Sara about the Meet the Masters weekend event. Next, Jason interviews Ken Wilson.

Ken Wilson is President of the Appraisal Institute. He joins the show to discuss what the Appraisal Institute has done to help appraisers analyze market trends and value. The topic then shifts to real estate, where Wilson explain different market types and how one can analyze market cycles.


Part 2 of Jason’s interview with Richard Duncan includes information about the what Richard believes will happen if the government doesn’t continue to intervene in keeping the global bubble afloat, how the government can get back to the black and why we are at a unique time in economic history.  

 

Richard Duncan is Chief Economist at Black Horse Asset Management, the author of The New Depression: The Breakdown of the Paper Money Economy and The Dollar Crisis: Causes, Consequences, Cures. His Macro Watch video series can help individuals to clearly understand how the financial system really works. Mr. Duncan previously held the position of economist for the World Bank and the International Monetary Fund.

Key Takeaways:

[03:24] Jason shares his opinion of Tesla Motors.

[06:04] The Wall Street Journal Podcast featured an article about the self-driving car revolution.

[09:13] Cars as a Service (CaaS) will drive down the cost of transportation.

[18:38] Future episodes of the Creating Wealth Show will focus on asset inflation, self-liquidating debt and money supply versus credit supply.

[24:04] The explosion in credit since the 2008 recession.

 

Richard Duncan Guest Interview:

 

[27:45] Once the US moved from a gold backed monetary system to paper money system the rules changed.

[37:20] Who's benefited most from a globally-based economy?

[40:01] The global bubble is inflated by government policy.

[43:00] The combination of printing money and globalization makes this a unique time in history.

[48:18] How Richard Duncan believes the US can pull itself out of debt.

Mentioned in This Episode:

Jason Hartman

Property Tracker - Updated

Real Estate Tools


This week’s episode is an enlightening economic conversation you don’t want to miss. Jason welcomes Richard Duncan back to the show for the first of a two-part conversation about what is driving the economy and which mistakes could catapult the US into a recession.

 

Richard Duncan is Chief Economist at Black Horse Asset Management, the author of The New Depression: The Breakdown of the Paper Money Economy and The Dollar Crisis: Causes, Consequences, Cures. His Macro Watch video series can help individuals to clearly understand how the financial system really works. Mr. Duncan previously held the position of economist for the World Bank and the International Monetary Fund.

Key Takeaways:

[02:18] Trump may have personality limitations but he will be good for the US real estate market.

[06:44] Don't be part of the disappearing middle class align your interests with governments and central banks.

[12:31] Last chance to sign up for the Oklahoma City Property Tour and JHU Live event!

 

Richard Duncan Guest Interview Part 1:

 

[15:56] Richard Duncan has a unique, insider's view of world economics and FIAT money.

[20:31] In the US, when credit grows less than 2% the US goes into recession.

[25:42] Creditism is the new Capitalism.

[28:02] Looking back at the policies which saved the world economy in 2008.

[34:00] It's a very sensitive moment in the economy as the Fed is considering reversing quantitative easing.

[37:52] Globalization has changed the way the economic game is played.

Mentioned in This Episode:

Jason Hartman

Venture Alliance Mastermind

Richard Duncan Economics

Richard Duncan’s Macro Watch Video Blog - Use codeword ‘global’ for 50% off

The New Depression: The Breakdown of the Paper Money Economy