Creating Wealth Real Estate Investing with Jason Hartman

Orginally aired as CW 461

 

On today’s Creating Wealth Show, Jason Hartman talks about the vital side of investing that is construction cost. As an investor within real estate, it’s so important to know the situation, whether it be adjusting how much you pay contractors to match with the area itself or knowing just how much the replacements to your property would be compared with the actual cost price.

Key Takeaways

01.34 – With tickets hugely limited, it’s time to get excited about the best Meet the Masters event to date.

04.25 – As a prudent investor, you need to know the vital points about LTIs and regression to replacement costs. Learn all you need here.

06.31 – Jason Hartman’s personal risk evaluator model relies on construction cost and land cost, and this is a great way to minimize risk when investing in real estate.

11.26 – If you’re building in a higher price area, you’re going to have to pay your contractors more because they have to be able to afford to live in that area.

14.38 – Three sources of assessing your land value: tax collector or assessor for property taxes, an insurance broker – an insurance company selling you a policy based on the property, and an appraiser.

18.58 – If you’re interested in looking for the sorts of properties that can offer you regression to replacement opportunities, come along to the Birmingham, Alabama property tour in November.

25.06 – For more information specifically about risk assessment in investing, go to www.JasonHartman.com and type in ‘Hartman risk evaluator’ into the search bar to find podcasts and blog posts.

27.09 – Another recommendation for you is to look for the podcast and YouTube video about how to read a property Proforma. This is a really vital skill you can use to become a better investor.

Direct download: CW_522_FBF.mp3
Category:general -- posted at: 6:00am EST

Philip Kotler is the S. C. Johnson Distinguished Professor of International Marketing at the Kellog School of Management. He is a trained economist and the author of 55 books, including his most recent book titled Confronting Capitalism. His latest book hopes to give real solutions to the troubled economic system. Philip talks to Jason today on capitalism and how he thinks it can be better. 

 

Key Takeaways:

[3:20] Jason recommends reading Sapiens by Yuval Noah Harari. 

[5:00] On the fence about joining Venture Alliance? Come as a guest and check it out. 

[11:15] Jason introduces Philip. 

[12:50] Capitalism is a great system, but we should also try to improve it. 

[19:10] Tax payers are paying for what McDonald's/Walmart is not paying. 

[23:30] Consumers want it cheap, but they also want jobs. Can we have both? 

[28:20] Public education is so bad that Philip is glad we have immigrants coming in with the skills we need.

[34:44] There's a group of people who want to be taxed more, but they don't want that money going into another battleship. 

[40:00] Governments should be more localized, because then they'd be more responsive. 

[48:11] The reason why Philip decided to become an economist was because he wanted to understand how income is generated and distributed. 

 

Mentioned In This Episode:

Sapiens: A Brief History of Humankind by Yuval Noah Harari

VentureAllianceMastermind.com 

http://www.kotlermarketing.com/

 

Confronting Capitalism by Philip Kotler

Direct download: CW_521.mp3
Category:general -- posted at: 7:21pm EST

Jason Hartman is currently visiting Ireland and one of his listeners asked to meet with him personally while he was here. Ross Lauder talks on Ireland taxes, the Irish economic crash in 2008, and why Ross loves the US real estate market for income investing.  

 

Key Takeaways:

[2:15] Ross has been listening to Jason's show since 2009. 

[5:05] Why is Ireland so appealing to corporations? 

[12:05] Ireland has had two big votes recently. Same-sex marriage and trying to change the minimum presidential age from 35 down to 21. 

[18:45] What's happening with the real estate market in Ireland? 

[28:02] Why does Ross like real estate? 

[34:08] Jason is working on a new property tour with his team, so look forward to that. 

 

Mentioned In This Episode:

 

JasonHartman.com

Direct download: CW_520_Ross_Lauder.mp3
Category:general -- posted at: 4:38pm EST

Orginally aired as CW 258

Welcome to the Creating Wealth Show. This is Episode Number 258, and this is your host, Jason Hartman. Excited to be with you today, as always. Thanks for joining me. Today we’re going to talk about the Secrets of Economic Indicators, with our guest, Bernie Baumohl and he’s written a book on that subject and it’s got a couple of printings, a couple of versions out and I think you’ll really get some stuff out of that, and come learn how to decode what you hear about, what you read about in the news media, and what it means to you as an investor and as an astute financial person.

Direct download: CW_519_FBF.mp3
Category:general -- posted at: 11:38am EST

Jason reads two articles to the audience. One is about the perception of Wall Street from Business Insider and another on CEO wages from Newser. Jason encourages you to leave him a voicemail on your opinion about the articles. Today's guest is Douglas Goldstein. Douglas is the author of Rich As A King and he talks to Jason on using the concept of chess to become a more strategic investor. 

 

Key Takeaways:

[3:40] There's one common theme in the CNBC show American Greed – investors didn't have control. 

[8:05] Be sure to check out this upcoming Flashback Friday episode.

[10:40] Jason reads an article from Newser about CEO wages. Send him a voicemail on your thoughts about this article. 

[16:05] Jason introduces Douglas. 

[22:15] How do we apply chess to our investments? 

[30:30] Focus on one piece of your investment and try to make it just slightly better. 

[35:30] What are zero coupon bonds? 

 

Mentioned In This Episode:

http://www.businessinsider.in/A-fresh-reminder-of-the-average-persons-perception-of-Wall-Street/articleshow/47331522.cms

http://www.newser.com/story/206794/ceo-pay-hits-wild-milestone.html

RichasaKing.com

 

@RichasaKing

Direct download: CW_518.mp3
Category:general -- posted at: 3:48pm EST

Jason talks on why the US real estate is vastly better than the European market and also answers a listener question from Pam. Gary Carmell is the author of The Philosophical Investor: Transforming Wisdom into Wealth. He talks to Jason on what is a philosophical investor, the reason why there was a 2008 real estate crash, inflationary pressure and much more. 

 

Key Takeaways:

[6:20] The US real estate is still better than the Euro real estate for income investing. 

[17:10] Jason answers a listener question from Pam. 

[20:35] Jason introduces Gary Carmell

[23:00] What is the philosophical investor? 

[30:50] Jason breaks down the real estate market into three types: linear, cyclical, and hybrid. 

[39:10] Why does the typical institutional investor always go for the class A properties? 

[51:20] There isn't a lot of demand right now for burrowing money. 

[53:50] How does Gary feel about deflation? 

 

Mentioned In This Episode:

http://www.cwscapital.com/who_we_are/carmell.aspx

 

https://www.garycarmell.com/

Direct download: CW_517_Gary_Carmell.mp3
Category:general -- posted at: 10:42pm EST

Orginally aired as CW 221

 

At a period in America’s life when all seems insurmountable, what with an astronomical national debt, high unemployment and underemployment, failing small businesses, and controlling corporate interests that don’t seem to have American citizens’ best interest in mind, it’s hard to believe that America is truly rich.  Join Jason Hartman as he interviews Dr. Nick Begich, founder of Earthpulse Press, regarding the true wealth of America.  Only looking at the profit and loss statements of our country and of many businesses conjures up a sense of failure and hopelessness, but Dr. Begich shares his optimism about America’s profitable future, encouraging people to look at the assets sheet, i.e. the vast resources our country boasts.  The mineral wealth alone in this country is enough to retire the national debt, as well as put Americans back to work for a very long time. 

Dr. Nick Begich is the eldest son of the late United States Congressman from Alaska, Nick Begich Sr., and political activist Pegge Begich. He is well known in Alaska for his own political activities. He was twice elected President of both the Alaska Federation of Teachers and the Anchorage Council of Education. He has been pursuing independent research in the sciences and politics for most of his adult life.

Begich received Doctor of Medicine (Medicina Alternitiva), honoris causa, for independent work in health and political science, from The Open International University for Complementary Medicines, Colombo, Sri Lanka, in November 1994. He co-authored with Jeane Manning the book Angels Don’t Play This HAARP; Advances in Tesla Technology. Begich has also authored Earth Rising – The Revolution: Toward a Thousand Years of Peace and his latest book Earth Rising II- The Betrayal of Science, Society and the Soul, both with the late James Roderick.

His latest work is Controlling the Human Mind – The Technologies of Political Control or Tools for Peak Performance. Begich has published articles in science, politics and education and is a well known lecturer, having presented throughout the United States and in nineteen countries. He has been featured as a guest on thousands of radio broadcasts reporting on his research activities including new technologies, health and earth science related issues. He has also appeared on dozens of television documentaries and other programs throughout the world including BBC-TV, CBC-TV, TeleMundo, and others.

Direct download: CW_516_FBF.mp3
Category:general -- posted at: 6:00am EST

Michael Casey is the author of The Unfair Trade and talks to Jason on how we can make international trade fair. Jason and Michael talk on how saving financially can hurt the economy as a whole, China's economy, job creation, and much more on today's episode. Jason would also like to remind his listeners that if you'd like to join the Venture Alliance, you can by going to http://venturealliancemastermind.com/

 

Key Takeaways:

[4:10] Always have an inspection in your properties. 

[13:20] Check out http://venturealliancemastermind.com/ if you'd like to join Jason's mastermind.

[14:18] Jason welcomes Michael Casey to the show.
[25:00] Saving excessively can be destructive to a nation. 

[34:05] China is very far away from creating a middle class economy. 

[38:15] Technology is moving so fast that we can not keep up with creating new job opportunities. 

[46:30] The problem with ObamaCare is that we already have socialized health care by default. 

[49:20] We have nationally-focused governments, but we need international organization for fair trade to work properly.  

 

Mentioned In This Episode:

http://venturealliancemastermind.com/

JasonHartman.com

 

michaeljcasey.com/ 

Direct download: CW_515.mp3
Category:general -- posted at: 6:02pm EST

Jason reads a nice letter written by Gary who toured with Jason during the Memphis Property Tour. Jason introduces a long-time client, Philip Sullivan to the show to talk about his real estate investment portfolio. Philip is unique because he started his real estate journey doing hard-money lending first and then purchasing income property. He talks on some of the mistakes and key lessons he has learned on today's show. 

 

Key Takeaways:

[3:00] Jason regrets dropping out of typing class. Send him a voice mail, not an email! 

[8:00] Jason reads a lovely note written by one of his clients, Gary. 

[12:00] Jason welcomes Philip to the show. 

[15:10] Philip did 10-15 hard-money loans before he purchased his first property. 

[23:00] Philip chose class A properties, because he liked the leverage and stronger appreciation. 

[31:10] Catering to a diverse set of income classes will help you in both a good or bad economy. 

[34:10] Forward your addresses so important mail gets directly to you and not to your rental property. 

[36:15] A lot of clients have been successfully using virtual mail boxes. Jason explains what they are. 

 

Mentioned In This Episode:

VirtualPostMail.com

TravelingMailBox.com

USGlobalMail.com

 

PostScanMail.com

Direct download: CW_514.mp3
Category:general -- posted at: 1:11pm EST

Orginally aired as CW 233

With a high number of foreclosures still haunting homeowners, Jason Hartman and Chad Ruyle, principal and co-founder of YouWalkAway.com, discuss strategic defaults, homeowners’ rights, understanding the foreclosure process, and how homeowners can use the law to their advantage when their mortgage is in default. When should you walk away? How can you minimize foreclosure consequences?

Chad R. Ruyle has been interviewed by journalists for CBS 60 Minutes, ABC Nightline, The Today Show on NBC, Dylan Ratigan, and NBC Nightly News with Brian Williams to name a few.  Ruyle is also a partner at the Law Firm of Ruyle& Ruyle in San Diego and has incorporated his extensive legal background into YouWalkAway.com.  He sees mortgage defaulting as a business transaction not an emotional decision.  Mortgage contracts are written with addressing potential foreclosures – clearly stating if the borrower ceases to make payments, the bank will take the house back. Ruyle focuses his practice on all areas of trusts and estates, business planning, and real estate transactions.

Be sure to also visit the Members section for guests such as Brian Tracy, Garrett Sutton, and Jim Rogers!

Direct download: CW_513_FBF_REV1.mp3
Category:general -- posted at: 2:32pm EST