Creating Wealth Real Estate Investing with Jason Hartman

There's a disease infecting millions of Americans, but few people are addressing it. That disease? The entitlement disease. Jason Hartman looks at the symptoms of the disease, and how a simple change in viewpoints can bring a person out of that spiral.

Then Jason talks with Jeff Cronrod, founder of the American Apartment Owner Association & founder of Rent Recovery Service, about his new program called Lease Guarantee, and how landlords need to take a more aggressive approach toward tenants who don't pay.

Key Takeaways:

[4:39] The dangers of the entitlement disease

[8:14] When you take all the advantages of real estate for a few years, it's hard to unwind

[13:30] What happens when you view your life like you're the source

[19:09] The simple key to success in business

Jeff Cronrod Interview:

[22:02] What is Lease Guarantee?

[24:18] How much does the Lease Guarantee cost and what exactly does it cover?

[28:32] The steps you have to go through when a tenant misses their rent payment

[31:40] What judgement do you need to get for Lease Guarantee to pay out?

Website:

www.JasonHartmanUniversity.com

www.AAOA.com

www.TenantAlert.com

Direct download: CW_963_Jeff_Cronrod.mp3
Category:general -- posted at: 6:37pm EST

Jason Hartman kicks off the show talking about an important topic in rental property today, and that is the lack of affordable homes. Supply is dropping across the nation and there aren't a whole lot of options for what to do about it. Listen in for Jason's piece of advice.

Then Jason wraps up his client case study with Scott. Scott and Jason finished the last episode talking about how Scott wouldn't have been able to find all the properties he needed to complete his 1031 exchange without Jason's group. They pick up the thread today and then go into why Scott's dad couldn't make residential real estate work, and property manager experiences and differences in office space vs residential property management.

Key Takeaways:

Jason Intro:

[2:46] The barbell that is crushing the supply of affordable homes

[6:56] The millennials make up one side of the barbell, but the Baby Boomers on the other side are doing something new and it's causing a disruption

[9:38] How bad is the inventory level? Pretty bad, and Jason has some market examples to prove it

[13:36] One of the solutions to this inventory shortage is get what you can get and hope the market calms down

Scott Client Case Study, Part 2

[21:14] Why Scott's dad wasn't able to make residential real estate work when he tried decades ago

[23:51] Scott's experience with the property managers in Jason's network

[28:25] The difference in self-management in office space versus residential

Websites:

www.JasonHartmanUniversity.com

www.JasonHartman.com/Properties

Direct download: CW_962_Scott_2.mp3
Category:general -- posted at: 3:36pm EST

Today's Flash Back Friday comes from Episode 622, originally published in January 2016.

This episode can be summed up by the popular saying “Everyone is a genius in a bull market”. Many financial hosts warn against taking on debt to build wealth. Jason clearly illustrates why we should be using fixed rate mortgage as a financing vehicle and outsourcing debt to tenants while enjoying the tax advantages.

Naresh is not a real estate investor, yet. He has come up with some basic, but necessary questions for Jason which will help him and all of you budding, soon to be real estate income property investors out there. Jason reminds us “real estate is the most historically proven asset class” and carefully lays out his answers in easy to understand, common sense terms.

Key Takeaways:

Jason’s editorial:

[2:35] Predicting market cycles would be easier if governments and central banks didn’t interfere

[8:41] The business cycle is an economic concept which affects real estate

[10:14] The Reluctant Investor’s Lament poem by Donald Weill

[17:46] Everybody’s a genius in a bull market

[19:55] Our Investment Counselors are geographically independent, market-wide gatekeepers

[23:21] Our organization has relationships with local market specialists which give clients leverage

[26:53] New clients need at least 24% cash down when purchasing a property

[29:37] The rise of the “debt bigots”

[33:38] Debt is a powerful thing, you must be wise with it

[34:30] Always use debt as leverage when purchasing real estate income properties

[37:09] A fixed rate mortgage guarantees your rate for 30 years plus tenants pay off your debt

[38:33] Podcast feeds are divided and education is free

Websites:

www.JasonHartman.com

www.VentureAllianceMastermind.com

Direct download: CW_961_FBF_Market_Trends.mp3
Category:general -- posted at: 4:02pm EST

In this 10th show, Jason Hartman talks with Dawn Maslar, author of the new book Men Chase, Women Choose, The Neuroscience of Meeting, Dating, Losing Your Mind & Finding Love, about the biological path from meeting to falling in love. Dawn's research has led her to discover what truly attracts us to the opposite sex, what we can do to change some of our bad subconscious habits, her thoughts on online dating websites, and a very disturbing truth about some of the perfume that's out on the market.

Key Takeaways:

[6:17] Attraction is, biologically, meant to be temporary

[7:22] Why do humor and trust go together?

[11:50] What happens to a man, biologically, right before he falls in love

[14:57] The truth behind the reason women seem to like jerks

[18:39] One of the main things that couples that stay together have

[22:01] Dawn's thoughts on online dating sites

[24:40] The truth about a perfume scent you may not want to know

[28:15] Does nature cause us to be attracted to our opposite to diversify the gene pool?

[32:28] What is the future of Dawn's research?

"Love at first sight is a farce, it's just nature's way of getting you in bed together"

Websites:

www.DawnMaslar.com

CW 477 - The Five Love Languages with Dr Gary Chapman

www.JasonHartmanUniversity.com

www.JasonHartmanIcehotel.com

Direct download: CW_960_Dawn_Maslar.mp3
Category:general -- posted at: 9:51pm EST

Jason Hartman starts off the show today with a reminder: housing is NOT at an all time high when it comes to payments (which is how people really base their decision to buy), and housing is still where it's at.

Then Jason has the first part of his client case study with Scott, from Washington DC. Scott owned a bunch of retail property previously, but recently sold all but one of them and shifted his focus toward residential real estate. Jason talks with him about why he made that decision, what the process was like doing his 1031 exchange, how his experience with property managers has been, and more.

Key Takeaways:

Jason Intro:

[1:43] Housing is where it's at

[5:32] Housing is NOT at an all time high based on the payments being made

[8:46] Everybody's a genius in a bull market

Client Case Study with Scott:

[14:41] Was Scott worried about the retail apocalypse when he purchased all the shopping centers?

[17:30] Scott & Kelly's evolution from shopping centers to single family homes

[21:04] What happened in the commercial real estate sector last year that led Scott & Kelly to dive headlong into residential?

[25:19] Depreciation makes income properties the most tax favored asset class in America

[26:01] Scott's adventurous time doing his 1031 exchange on his commercial property that aged him 2 years in 45 days

[31:05] Why Scott is glad Jason's group exists

Website:

www.JasonHartman.com/Properties

www.JasonHartmanUniversity.com

www.JasonHartmanIcehotel.com

Direct download: CW_959_Scott_1.mp3
Category:general -- posted at: 4:22pm EST

Jason Hartman kicks off the show today asking his ultimate question: compared to what? It's a question that will serve you well in all aspects of your life and will guide you down the right path. He also wants to invite you to join him on any of his adventures scheduled for this year to make your vacation planning even easier.

Then Jason wraps up his interview with Macro Watch's Richard Duncan. The two tackle the topic of rising interest rates, better uses for going into further debt than giving it to tax reform, how the Fed will react to a tanking stock market, and what we can expect to see over the next few years.

Key Takeaways:

[3:53] Always view things in perspective, and remember, COMPARED TO WHAT?

[6:16] Meeting fellow investors is crucial to success

[8:09] Why doesn't Jason want you to plan any vacations this year?

[11:41] Over Thanksgiving, while re-reading The Art of the Deal, Jason realized that Trump is a New York liberal

Richard Duncan Interview:

[14:26] What people don't realize about interest rates

"People buy houses on a payment, not a price"

[15:38] What the Fed will do if the market drops 10% and what else will happen if it drops 20%

[18:57] What Richard wishes the government had done with the $1 trillion in new deficits that will occur from the new tax reform

[23:31] Why Richard thinks the government can invest as wisely as private companies

[27:58] What are the next few years going to look like?

[30:30] People need to get very familiar with quantitative tightening

Websites:

www.RichardDuncanEconomics.com
(promo code: GLOBAL for 50% off)

www.JasonHartmanUniversity.com

www.JasonHartmanIcehotel.com

www.VentureAllianceMastermind.com

Direct download: CW_958_Richard_Duncan_2.mp3
Category:general -- posted at: 9:13pm EST

Jason Hartman welcomes Richard Duncan back to the show to discuss what's going on with fiscal policy and interest rates right now. In the first half of the interview Richard talks about how the trade imbalance with China has enriched the nation and brought millions out of poverty, as well as how the general public has no idea how much the Fed is actually tightening, and how that will impact interest rates.

Key Takeaways:

[9:19] Jason's theory on asset inflation and what it means if the millennials don't join the investor class like the baby boomers did

[11:56] Why the future from an Asian perspective is much brighter than from a US perspective

[14:05] Who's gotten the better end of the China/US trade imbalance?

[19:42] Richard believes the Fed is tightening more than people are understanding

[23:51] The Fed has been destroying at least $10 billion a month since October 2017 and it's going to get bigger

[26:26] The Fed will have destroyed $1 trillion by the end of 2019 if they follow through on their announced plan

[28:35] Is the Fed likely to make a course correction if rates go too high?

Websites:

www.RichardDuncanEconomics.com
(promo code: GLOBAL for 50% off)

www.JasonHartmanUniversity.com

www.JasonHartmanIcehotel.com

www.VentureAllianceMastermind.com

Direct download: CW_957_Richard_Duncan_1.mp3
Category:general -- posted at: 10:13pm EST

Today's Flash Back Friday comes from episode 617, originally published on January 6, 2016.

Technology has changed the real estate investor’s ability to access additional markets.

Technological changes may give real estate investors better tools to access previously unavailable markets, but no amount of technology will ever replace a human’s need for shelter. As long as investors keep their eyes looking forward to the future and stay on top of the increasing number of research tools available they will successfully build a diverse, long-term wealth strategy based upon single family home investment properties.

Jason and the Real Estate Guys take a break from their real estate conference speaking engagements to discuss predictions for the future of the real estate investment market, the influx of tenants looking for rentals and how technology is changing investors ability to see beyond their own backyard and experience the benefit of geo-arbitration.

Meet the Masters is this weekend & there are still spaces available for our Venture Alliance trip in beautiful Dubai.

Key Takeaways:

Jason’s Editorial:

[1:29] Our archives are split because of limitations in iTunes

[6:19] Science has been and will be wrong

[12:00] Jason predicted the Obamacare disaster

[14:12] The Big Short movie – do not miss it

[15:25] Exercise prevents, treats or cure basically everything

[19:58] Casey Meyeres CPA will be speaking about taxation with regards to real estate

Robert Helms & Russ Gray Guest Interview:

[23:43] Real Estate investors have more tenants than ever before

[26:31] Single family housing will always be a need

[30:16] You can’t keep the U.S.A. down for long

[33:18] You must change based on what the market gives you

[35:01] Houses will be built, no matter what technology is used

[37:00] If big money comes in it will push prices up

[41:27] Don’t get stuck investing in your backyard

[43:19] Owning single family homes in 3-5 markets is a good diversification strategy

[44:07] Contact the Real Estate Guys

Websites:

https://realestateguysradio.com

www.VentureAllianceMastermind.com

Direct download: CW_956_FBF_Real_Estate_Guys.mp3
Category:general -- posted at: 9:27pm EST

This all Jason Hartman episode of the Creating Wealth show dives into a number of different topics. Jason discusses his favorite index when evaluating real estate trends, the dangers of asset inflation, unintended consequences of the GOP Tax Reform bill, the impact of mortgage rate increases, and more of the latest news in the world today.

Key Takeaways:

[2:22] The problem with foreseeing what will cause the next market crash

[4:59] The index that Jason would look at it if he had to pick just one

[12:29] Asset inflation in the US is alive and well

[15:50] One of the biggest destroyers of wealth: a wave of divorces expected this year

[21:54] Don't forget to download your photo with Ron Paul from Meet the Masters (and see all the other pictures from the event) at www.JasonHartman.com/Photos

[24:35] Every 1% of interest rate equates to about 10% of sales price

[27:37] It's really hard to lose with the buy & hold real estate strategy

[32:20] Taylor Swift is being sued for over $1 million by a real estate broker

Website:

Attend the JHU Live Event in San Jose!
www.JasonHartmanUniversity.com

Work with Jason (or ask him a question)!
www.JasonHartman.com/Ask

Direct download: CW_955_Jason_Hartman.mp3
Category:general -- posted at: 5:38pm EST

Jason Hartman kicks off the episode breaking down the OTHER 3 market types. No, he's not talking linear/cyclical/hybrid, today he's talking buyer/seller/broker markets.

Then Jason talks with Mike Moyer, creator of Slicing Pie, about how to partner with people on startups and real estate investing in a way that fairly incorporates everything people bring to the table. The two discuss the need to factor in work, cash, ideas, goods, etc when valuing contributions, as well as the multipliers for each faction depending on their scarcity.

Key Takeaways:

Jason Intro:

[5:57] Real estate is a pretty easy thing to partner on, as long as you keep it arms length

[7:07] Welcome to the newest Venture Alliance members!

[9:07] The 3 basic types of markets (that aren't linear/cyclical/hybrid!!!), and how you figure out which one you're in

[13:12] Jason likes the broker's market, obviously, but is still pretty bullish on the real estate market

Mike Moyer Interview:

[18:38] You have to go into a startup with the knowledge that you can lose all of your money

[19:39] How would you use Slicing Pie in a real estate deal?

[23:47] Why there's a difference between cash & non-cash contributions when you're slicing

[26:42] The reason there are multipliers in slices is so that there are consequences if someone leaves the pie

[30:05] Why time based vesting isn't the way to go

[32:34] What is Mike's definition of a startup?

[37:50] What are all the ways you can get a slice of pie in a company?

[41:59] How do you get started slicing pie?

Website:

www.SlicingPie.com

Direct download: CW_954_Mike_Moyer.mp3
Category:general -- posted at: 9:03pm EST