Creating Wealth Real Estate Investing with Jason Hartman

John R. Lott, Jr. is the President of the Crime Prevention Research Center, a columnist for Fox news, author of At the Brink: Will Obama Push Us Over the Edge?, Freedomnomics: Why the Free Market Works and other Half-Baked Theories Don’t, Debacle: Obama’s War on Jobs and Growth and What We Can Do to Regain Our Future and More Guns, Less Crime: Understanding Crime and Gun Control Laws and others. He also writes a blog which focuses on a broad array of economic and crime related issues. 

 

Key Takeaways:

 

Jason’s Editorial:

[2:01] Big news: An upward spiral in real estate pricing due to the Fed keeping interest rates low. 

[6:28] The terrorist tragedy in Istanbul, Turkey.

[8:55] Real estate is scarce by its nature and we are currently in the middle of an inventory shortage.

 

John R. Lott, Jr. Guest Interview:

[12:11] An overview of where the economy is headed and where should we place our concerns?

[17:09] How to make sense of the jobs creation rate versus the unemployment rate.

[18:51] Is the US truly in a recovery or are we just bouncing back from 2008?

[21:30] Why doesn’t a stimulus package create more jobs and higher wages?

[26:53] The US is the one country that taxes corporations who have already paid taxes in another country.

[29:22] An explanation of the hypocrisy of the Buffett Rule. 

[34:31] Contact information for John R. Lott, Jr.

 

Mentioned in This Episode:

Jason Hartman

Hartman Education

Holistic Survival Podcast

John R. Lott, Jr. - Blog and Books

@johnrlottjr on Twitter

Crime Prevention Research Center 

Direct download: CW_693_John_R_Lott.mp3
Category:general -- posted at: 10:10pm EST

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_692_Jason.mp3
Category:general -- posted at: 7:22pm EST

When the United States stopped backing dollars with gold in 1968, the nature of money changed, becoming the fiat currency system that has now put the world into an unprecedented recession.

Jason Hartman is joined by returning guest, Richard Duncan, to talk about how we are in danger of a global Great Depression and how we can stop it. Richard’s previous book talked about the inevitable collapse of the dollar, and his new book discusses “a new theoretical construct, The Quantity Theory of Credit, that is the key to understanding not only the developments that led to the crisis, but also to understanding how events will play out in the years ahead.” 

Richard explains how the expansion of credit eventually implodes and the dangers of the contraction of credit. Richard Duncan is the author of three books on the global economic crisis. The Dollar Crisis: Causes, Consequences, Cures (John Wiley & Sons, 2003, updated 2005), predicted the current global economic disaster with extraordinary accuracy. It was an international bestseller.

His second book was The Corruption of Capitalism: A strategy to rebalance the global economy and restore sustainable growth. It was published by CLSA Books in December 2009. His latest book is The New Depression: The Breakdown of the Paper Money Economy (John Wiley & Sons, 2012). Since beginning his career as an equities analyst in Hong Kong in 1986, Richard has served as global head of investment strategy at ABN AMRO Asset Management in London, worked as a financial sector specialist for the World Bank in Washington D.C., and headed equity research departments for James Capel Securities and Salomon Brothers in Bangkok. He also worked as a consultant for the IMF in Thailand during the Asia Crisis. He is now chief economist at Blackhorse Asset Management in Singapore.

Richard has appeared frequently on CNBC, CNN, BBC and Bloomberg Television, as well as on BBC World Service Radio. He has published articles in The Financial Times, The Far East Economic Review, FinanceAsia and CFO Asia. He is also a well-known speaker whose audiences have included The World Economic Forum’s East Asia Economic Summit in Singapore, The EuroFinance Conference in Copenhagen, The Chief Financial Officers’ Roundtable in Shanghai, and The World Knowledge Forum in Seoul. Richard studied literature and economics at Vanderbilt University (1983) and international finance at Babson College (1986); and, between the two, spent a year travelling around the world as a backpacker.

Direct download: CW_691_FBF.mp3
Category:general -- posted at: 3:32pm EST

Jennifer Kahnweiler, Ph. D. is considered to be the Champion of Introverts. She is a Certified Public Speaker and a best-selling author. She has written three great books, The Introverted Leader: Building on Your Quiet Strength, Quiet Influence: The Introvert’s Guide to Making a Difference and her latest The Genius of Opposites: How Introverts and Extroverts Achieve Extraordinary Results Together. During this interview, she alludes to the true differences between introverts and extroverts, what make introverts so special and how introverts can enhance your organization.

 

Key Takeaways:

Jason’s Editorial:

[2:05] A look at the Driverless Cars to Fuel Suburban Sprawl article.   

[8:04] A video resource to help you analyze an investment property and understanding a performa using cap rates as a metric.

[12:46] Which is a better investment one with Tenant Improvements or a Full Service Gross lease?

[16:05] Kevin Kelly Audio short: The Emergence of Singularity.

 

Jennifer Kahnweiler Guest Interview:

[20:15] How is Shyness different from Introversion?

[22:55] How does someone know if they are an introvert or extrovert?

[25:03] There is a lot of prejudice which exist against introverts.

[29:26] All of us need to flex, Introverts and Extroverts alike.

[31:20] How can introverted leaders and managers increase their influence in their roles?

[36:07] Does a person’s gender come into play when someone is trying to carve out their path?

[38:44] All must respect each other’s talents to make a partnership truly thrive.

[41:05] Discussing the 5 themes of successful partnerships. 

 

Mentioned in This Episode:

Venture Alliance Mastermind

Jason Hartman

Hartman Education

Jennifer Kahnweiler

@jennkahnweiler on Twitter

Direct download: CW_690_Jennifer_Kahnweiler.mp3
Category:general -- posted at: 11:17pm EST

Kevin Maney writes a weekly column on technology and society for Newsweek magazine. He is the author of the new book Play Bigger: How Pirates, Dreamers, and Innovators Create and Dominate Markets, and has co-authored Making the World Work Better: The Ideas That Shaped a Century and a Company and The Two-Second Advantage: How We Succeed by Anticipating the Future...Just Enough. He shares his insights about what to look for when a company goes public too soon and what flaws are common amongst companies with dwindling values over time.

 

Key Takeaways:

Jason’s Editorial:

[3:35] Alvin Toffler's book Power Shift describes the 3 basic forms of power. 

[10:59] A 5-star review from B. Spear about Jason’s podcasts.

[12:44] A descriptive example of the significance of rent inflation over the years.

 

Kevin Maney Guest Interview:

[22:54] The study of the category kings of business.

[28:31] A unicorn is a company that gets valued by investors of more than a billion dollars.

[30:57] The 3 critical aspects to building a company.

[32:56] If Uber doesn’t fix its company design it will have a serious problem.

[36:28] Companies that go public before their 6th anniversary in business tend to have dwindling values over time.

[41:51] A synopsis of The Two-Second Advantage: How We Succeed by Anticipating the Future...Just Enough.

 

Mentioned in This Episode:

Jason Hartman

Hartman Media

JHart88 on Voxer

Hartman Education

Kevin Maney

Lyft

Direct download: CW_689_Kevin_Maney.mp3
Category:general -- posted at: 10:08pm EST

Matthew Quirk is the author of the best-selling book, ”The 500″ and author of the new book on the Fed, “The Directive,” which centers on a conspiracy plot at the Federal Reserve. Quirk joins the podcast to break down how realistic this plot could be today.

Quirk spent a year working with red team security experts, hackers, lock pickers, social engineers, and sources inside the Fed to map out what a true-to-life 21st century heist would look like at the most powerful bank in capitalism. He shares the loopholes within the Fed’s security system and gives his guesstimate on the best chance someone has in hacking the Fed.

Key Takeaways:

(0:50) Intro portion of the show
(12:52) Looking at 1984
(19:47) Upcoming Creating Wealth Seminar in Little Rock, Arkansas
(27:27) Introducing Matthew Quirk
(37:18) Discussion of social engineering
(38:55) General thoughts on the role of the Fed
(41:49) Security & The Fed
(43:24) Closing comments

Links:

Find out more about Matthew Quirk at www.matthewquirk.com.

Direct download: CW_688_FBF.mp3
Category:general -- posted at: 10:28pm EST

Today’s guest, Jamie Hopkins is considered to be one of the leading retirement plan experts in the United States. He holds the Larry R. Pike Chair in insurance and investments. He is an associate professor of taxation at The American College, Co-Director of New York Life Center for Retirement Income Programs, and the Developer of the Retirement Income Certified Professional Designation (RICP). He authored the book Retirement Risk: How to Plan Around Uncertainty for a Successful Retirement. He shares advice on the qualifications of a good financial planner, how new regulations will affect retirement product offerings and how adding real estate and home equity to your retirement plan can benefit individuals. 

 

Key Takeaways:

Jason’s Editorial:

[6:04] “Did People Who Bought Houses in the 70’s Essentially Get the House for Free?”

Jamie Hopkins Guest Interview:

[13:57] Are financial advisors required to operate under a fiduciary standard of care? (ERISA)

[16:50] Fiduciary care basically means working with the client’s best interest in mind.

[19:33] The benefit of incorporating real estate into traditional retirement income plans.

[21:55] Advice on how to deal with the regulatory changes recently mandated by the Department of Labor (DOL).

[24:55] Today, robo-advice isn’t capable of giving clients informed decisions.

[27:33] New regulations get added on top of existing ones instead of replacing the outdated regulations.

[32:16] Annuities were impacted by these new regulations but life insurance plans were not.

 

Mentioned in This Episode:

Jason Hartman

Hartman Education

The American College

Direct download: CW_687_Jamie_Hopkins.mp3
Category:general -- posted at: 4:38pm EST

Michelle Hawkins is a client who has attended a Meet the Masters live event and the most recent Creating Wealth Seminar and Property Tour in Cincinnati, Ohio. Michelle crunched her financial numbers only to discover that her pension was never going to be enough to support her during her retirement and she knew she couldn’t count on Social Security. Her investor journey started by reading all the investment books on the library shelves which led her to the sound decision of investing in income property. She shares her story and some sound investing advice.

 

Key Takeaways:

Jason’s Editorial:

[1:41] Was the Orlando shooter on prescription drugs? If so, will anyone report on it? 

[8:09] The pension system will not support you. You need to find a diversified wealth creation system now.

 

Michelle Hawkins Client Interview:

[13:56] Michelle highly recommends attending a live event. She is proof that it works. 

[17:57] The government basically says your money doesn’t really belong to you until they decide to give it back to you when you are 69. 

[21:53] Michelle and Jason take a hard look at inflation, real interest and tax rates. 

[26:25] Misconceptions about the stock market in Michelle’s research led her to investment in income property.

[35:50] Physically vetting the system and the investment markets allows investors to buy with confidence.

 

Mentioned in This Episode:

Jason Hartman

Meet the Masters

Hartman Education

Direct download: CW_686_Michelle_Hawkins.mp3
Category:general -- posted at: 9:07pm EST

Jason Hartman is joined by author and real estate investor, Barb Getty, as she talks about her journey into real estate investing, what it takes to be a good landlord or property manager, how to find and keep great tenants, and explains the eviction process. 

The second of four children, Barb was born and raised in Gary, IN.  She graduated cum laude from Purdue and married soon after. After seven moves in nine years of marriage, her family settled in Indianapolis.

Tragedy struck in 1992 when her 17-year-old son was killed in a car accident.  Her daughters were 16 and 14 at the time.  Sadly, Barb’s 21-year marriage ended eight months after Todd’s death.  She bought a small home needing repairs, and following the fix-up, she and her daughters moved in.

Pleased with that first project, Barb purchased her first duplex (with little money, no credit and no experience), hoping she had the wherewithal to be a landlord.  Today, she owns 27+ units — a mix of single and multi-family, low and middle income rentals.  CNBC.com  interviewed her recently and the article also appeared in USA Today.   Barb has also added high-end property management, consulting and speaking engagements to her business.

Although she hasn’t had an easy road, Barb is both financially and emotionally invested in her work.  She invites people to watch a video showing scenes she faces as a landlord in the inner city.  It’s very compelling.  Barb authored The Landlord Chronicles:  Investing in Low and Middle Income Rentals, published in 2010. Armed with a positive attitude and a strong sense of humor, Barb Getty is making a difference in her tenants’ lives, the neighborhood and the city as well.

Direct download: CW_685_FBF_mixdown.mp3
Category:general -- posted at: 10:57am EST

Today’s guest, Chris Versace is the editor of investment newsletter PowerTrend Profits and portfolio manager of the Thematic Growth portfolio at Fabian Wealth Strategies. He is  a columnist for Fox Business Network, Forbes, and TheStreet.com. Chris spent 13 years in equity research at financial institutions including Salomon Brothers. And, he recently co-authored the book Cocktail Investing: Distilling Everyday Noise into Clear Investment Signals for Better Returns.  

 

Key Takeaways:

 

Jason’s Editorial:

[3:55] The Hourly Wage Needed to Rent a Two Bedroom Apartment is Rising.

 

Chris Versace Guest Interview:

[20:37] Overhauls to the tax code and the immigration policy would be examples of policies which could get the economy back on track.

[22:21] Cronyism is widespread in the wind energy industry.

[24:15] One of Chris’s favorite investment themes is the always on, always connected consumer because it is explosive with opportunity.

[30:45] It is short sighted to want higher minimum wages.

[33:03] Cybersecurity stocks is an ever-growing area that is a must own for investment portfolios 

 

Mentioned in This Episode:

Jason Hartman

Longevity and Biohacking Podcast

Hartman Education

Chris Versace

Direct download: CW_684_Chris_Versace.mp3
Category:general -- posted at: 8:16pm EST