Fri, 29 July 2016
In this show Jason has a very casual, impromptu (and silly at times) discussion with two of his favorite Investment Counselors, Ari and Sara. You’ll get a debrief on the last Creating Wealth Boot Camp, some investing insights, a “case study” article from The Financial Freedom Report and hear first hand from one of recent our clients who is creating high ROI in this market.
The next show will feature Jason’s interview with New York Times #1 bestselling author and speaker, Harvey MacKay, as they review his latest book Use Your Head To Get Your Foot In The Door: Job Search Secrets No One Else Will Tell You and some of Harvey’s older works like How To Swim With The Sharks Without Being Eaten Alive.
Wed, 27 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.
[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:
Mon, 25 July 2016
CW 704 - David Daley - Ratf**ked, The True Story Behind the Secret Plan to Steal America’s Democracy, How to Effectively Manage Your Credit Score
Jason shares information about credit scores you may not be aware of to assist you in actively managing it. Using his own credit history as an example he explains the terms utilization rate, how installment loans and new credit can negatively impact your score. And later in the show, guest David Daley discusses the subject matter of his new book, Ratf__ked: The True Story Behind the Secret Plan to Steal America’s Democracy. David is the former editor of the liberal site Salon.com and is the current CEO/Publisher of the Connecticut Mirror, a non-partisan publication.
[5:45] Vital information about how to manage your credit score.
[19:06] Jason highlights some positive rankings about existing investment markets.
David Daley Guest Interview:
[24:22] Since 2010 Republicans have used Gerrymandering (Operation Redmap) has been used as a partisan weapon.
[30:52] In 2012, the democrats have a big year with the reelection of Obama but Janikowski's genius move limits their voting power.
[33:00] A technology tool named Maptitude includes census data from districts allowing those in control to draw precision lines when redistricting.
[37:42] A House of Representatives
[38:03] The Moneyball of politics is evident at the State level.
[41:23] Republicans are counting on running the government from Congress and the House of Representatives.
[45:27] We need to rethink the way we do election through radical electoral reform.
Mentioned in This Episode:
Fri, 22 July 2016
CW 703 FBF - Jason Hartman’s Timeless “Refi ‘Till You Die” Investment Strategy to Multiply Long-Term Wealth
One of the core concepts that we communicate to our investors is to “Refi Till Ya Die” with your rental property portfolio. While this description may sound a bit snarky, it is a very powerful strategy for multiplying your wealth over the long-term.
The most unique part of this strategy is that it stands in stark contrast to the popular strategy of ‘flipping’ properties by buying and quickly re-selling them for quick profits. The strategy that we recommend is the exact opposite of this. At Platinum Properties, we advocate buying and holding prudent rental properties over a long period of time. This enables investors to build real wealth, instead of constantly churning properties. (And creating taxable gains)
There is another very powerful force behind our strategy of buy and hold investing. That power comes when the rents and value of your property increase over time. Typically, an investment property will start with low cash flow, and will grow in profitability as tenant rents are increased. This increase in revenues carries with it a tremendous tool for growing your wealth.
The way that you employ this tool is to refinance your property for more than your original purchase price, based on the increased cash flow. This will allow you to re-invest the amount of your loan that exceeds the original purchase price. And here comes the kicker . . . these net proceeds are not taxed!!!
The reason that you will not owe taxes on the re-financing of your properties is because loans are not taxed. Since you are taking out a loan instead of selling the property, no taxable transaction is triggered. (Granted, capital gains can be deferred via 1031 exchange, but you will still lose 5% to 6% of the property value off the top from realtor fees. Thus, investors can “Refi Till Ya Die” and legally avoid paying taxes on the increased loan amount of their properties. (In addition to this, the increased interest payments from your new loan will reduce the tax burden of your regular cash flow)
These strategies can super-charge wealth creation by allowing investors to capture their equity growth for re-investment. These perpetual re-investments accelerate the natural compounding of your investment portfolio. It also carries the benefit of consistently increasing your use of fixed-rate debt as a shield against inflation. Prudent investors realize the incredible power of this strategy, and should seek to capitalize on it to build their wealth during these increasingly difficult times.
Wed, 20 July 2016
In this interview from 2014, Robert Morrow dishes the dirt on Bill and Hillary Clinton, makes some accusations and a few predictions. He is a co-author of The Clintons’ War on Women and is currently the chairman of the Republican Party in Travis County, Texas. He recounts incidents which accuse Bill Clinton of being a sexual predator, a serial rapist and that he is not Chelsea’s biological father. He claims Hillary is an attention hound who had relationships outside of her marriage and led terror campaigns against the women Bill assaulted.
[3:25] In housing news: Mortgage purchase applications were 23% higher year over year.
[6:25] FINRA survey: Can you pass a basic test on finances?
[20:55] Two events in September - The Venture Alliance weekend and Real Estate Investing Software event.
Robert Morrow Guest Interview:
[23:28] The dirty history of the Clintons, Bill and Hillary.
[28:13] How do we know Robert Morrow is telling the truth?
[31:55] Bill Clinton is a sexual predator, serial rapist, and a pervert.
[34:35] Vince Foster was once a trusted advisor who was deeply in love with Hillary.
[44:07] Robert Morrow predicts Hillary Clinton would not run for President.
[49:11] Contact information for Robert Morrow.
Mentioned in This Episode:
Mon, 18 July 2016
CW 701 - Ric Edelman - Rescue Your Money, Retirement Plans and IRAs, Build Savings, Select the Right Investments, Retirement Income, The Truth About Money
Ric Edelman is the CEO and Chairman of Edelman Financial Services and this is his second appearance on the Creating Wealth podcast. Ric hosts his own television and radio show. He is the author of the #1 New York Times bestseller, The Truth About Money and he is here today to share with us insights from his new book, Rescue Your Money. His advice to those interested in investing in their financial future is to diversify your portfolio and to never pay off your long-term mortgage.
[3:00] Using software to run your business and income property basics at the next seminar.
[3:51] Inflation: The percentage of increase since 2012.
[10:08] Ricardo, 3D printing is not free and you must consider the inflationary and deflationary forces.
Ric Edelman Guest Interview
[17:45] 11 Great Reasons to Carry a Big, Long Mortgage
[21:45] Behavioral Finance: Why emotionally we make the wrong decisions at the wrong times.
[23:08] Depending on how you spend your money you may be experiencing a very high rate of inflation.
[26:09] Inflation and taxes are the two key obstacles investors face.
[29:03] Nobody knows what the future holds so diversity in your portfolio is of the utmost importance.
[30:41] The 16 major asset classes and market sectors.
[34:22] 2 things people believe about the stock market which are completely false.
Mentioned in This Episode:
Fri, 15 July 2016
CW 700 FBF - Achieving Success vs Wanting Success with T. Harv Eker Author of ‘Secrets of the Millionaire Mind’
Jason Hartman talks with T. Harv Eker about Secrets of the Millionaire Mind which reveals the missing link between wanting success and achieving it. Have you ever wondered why some people seem to get rich easily, while others are destined for a life of financial struggle? Is the difference found in their education, intelligence, skills, timing, work habits, contacts, luck, or their choice of jobs, businesses, or investments?
The shocking answer is: None of the above!
T. Harv Eker states: “Give me five minutes, and I can predict your financial future for the rest of your life!” Eker does this by identifying your “money and success blueprint.” We all have a personal money blueprint ingrained in our subconscious minds, and it is this blueprint, more than anything, that will determine our financial lives. You can know everything about marketing, sales, negotiations, stocks, real estate, and the world of finance, but if your money blueprint is not set for a high level of success, you will never have a lot of money—and if somehow you do, you will most likely lose it! The good news is that now you can actually reset your money blueprint to create natural and automatic success.
Secrets of the Millionaire Mind is two books in one. Part I explains how your money blueprint works. Through Eker’s rare combination of street smarts, humor, and heart, you will learn how your childhood influences have shaped your financial destiny. You will also learn how to identify your own money blueprint and “revise” it to not only create success but, more important, to keep and continually grow it.
In Part II you will be introduced to seventeen “Wealth Files,” which describe exactly how rich people think and act differently than most poor and middle-class people. Each Wealth File includes action steps for you to practice in the real world in order to dramatically increase your income and accumulate wealth.
If you are not doing as well financially as you would like, you will have to change your money blueprint. Unfortunately your current money blueprint will tend to stay with you for the rest of your life, unless you identify and revise it, and that’s exactly what you will do with the help of this extraordinary book. According to T. Harv Eker, it’s simple. If you think like rich people think and do what rich people do, chances are you’ll get rich too. Jason’s listeners get free tickets for Harv’s Millionaire Mind Intensive Weekend at: http://jasonhartman.com/radioshows/offers/
Wed, 13 July 2016
Sara joins Jason today to dole out congratulations to many clients who have recently purchased properties and to discuss the brand new, upcoming live events. Even though it seems like the market is drying up there are still plenty of great income property deals to be found in properly researched markets. And, this coming September is filled with incredible ways for clients to participate in educational events as well as the first-class Venture Alliance Mastermind trip where those who are not yet members can join as a guest.
[5:58] The year of the 1031 exchange.
[8:31] Client congratulations. There are still great deals out there!
[20:30] Hold the date, September 10 & 11th, for our next big event in Phoenix.
[24:37] We assign business to our local markets specialists based on their ability to properly support our clients.
[27:24] We terminated a low-performing vendor because this network is an agent for our clients.
[33:54] Our next event will include a course in using property analysis software and a panel of local market specialists.
[38:00] Information for our the next Venture Alliance Mastermind in Seattle on Labor Day weekend.
Mentioned in This Episode:
Mon, 11 July 2016
CW 698 - Shane Sauer - Finding Stable Rental Property Neighborhoods, RentFax & Real Estate Investment Tools
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.
[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:
Fri, 8 July 2016
CW 697 FBF - Capital & Crisis with Chris Mayer Author of ‘Invest Like A Dealmaker’ & ‘Secrets of a Former Banking Insider’
Jason Hartman talks with Chris Mayer who is managing editor of the Capital and Crisis and Mayer’s Special Situations newsletters. He also is a contributor to the Daily Reckoning.
Graduating magna cum laude with a degree in finance and an MBA from the University of Maryland, he began his business career as a corporate banker. Mayer left the banking industry after ten years and signed on with Agora Financial. His book, Invest Like a Dealmaker, Secrets of a Former Banking Insider, documents his ability to analyze macro issues and micro investment opportunities to produce an exceptional long-term track record of winning ideas. Mayer’s commentary has been featured by MarketWatch, Russia Today TV, the Atlanta Journal-Constitution, and the Huffington Post. http://dailyreckoning.com/author/chrismayer/
Wed, 6 July 2016
Jason shares his 10 Commandments of Successful Investing in this audio recording of his live presentation during the Orlando, Florida Creating Wealth Seminar and Property Tour. He looks back at getting his real estate license at the age of 19 and the decisions he made when he sold his first company. Jason has become a multimillionaire by living by these guidelines and you can too. Income property is the most historically favored asset class. Why gamble your money in stocks and bonds when you can make solid, long-term investments in the US real estate market?
[1:55] You need to build a portfolio before you consider protecting your assets and estate planning.
[12:58] The Denis Waitley poem that changed Jason’s life.
The 10 Commandments of Successful Investing Live Presentation:
[16:27] Thou shalt become educated.
[21:40] Seek guidance: Have a team including an investment counselor.
[22:56] Thou shalt maintain control.
[25:30] Thou shalt not gamble.
[27:53] Thou shalt diversify.
[29:54] Be area agnostic.
[31:02] Thou shalt use borrowed money.
[33:42] Thou shalt only invest where there is universal need - Avoid trends.
[34:35] Purchase tax-favored assets.
Mentioned in This Episode:
Mon, 4 July 2016
Technological changes are the main focus of this conversation between Jason and Pat Donohoe of The Wealth Standard podcast. The convergence of many different technologies will shape the life of humans in ways we may not even be aware of yet. The conflicting forces of the central banks and governments in opposition to robotics, self-driving cars, and human longevity, all make this an amazing time to be alive. Exponential changes are currently taking place and the best way to keep up-to-date on our ever-changing world is through podcasts. Podcasts are an immediate dissemination of knowledge, analysis, and opinion.
[3:29] Looking at the economic and the human rights standard of living in the US.
[11:29] Observations from the Tony Robbins Life & Wealth Mastery event in Fiji.
Jason Hartman on Wealth Standard Radio:
[18:09] Converging technologies and what it could mean for the future.
[24:03] The valuation of real estate will be impacted by the adoption of self-driving cars.
[31:44] What are the forces which will affect real estate prices and cost to rent?
[36:40] The target inflation rate is dictated by the “Phillips Curve”.
[37:44] Robotics and human longevity and what it means for our economic future.
[43:33] What books and information can someone use to stay plugged in, networked and prepared for the upcoming changes?
Mentioned in This Episode:
Fri, 1 July 2016
Jason Hartman analyzes the foreclosure market with RealtyTrac Senior Vice President, Rick Sharga. As one of the country’s most frequently-quoted sources on foreclosure, mortgage and real estate trends, Rick has appeared on NBC Nightly News, CNN, CBS, ABC World News, CNBC, MSNBC and NPR. Rick has briefed government organizations such as the Federal Reserve and Senate Banking Committee and corporations like JPMorgan Chase, Citibank and Deutsche Bank on foreclosure trends, and done foreclosure training for Re/Max, Prudential and Keller Williams and other major organizations.
Rick joined RealtyTrac in 2004 as Vice President of Marketing, responsible for the development and management of the company’s brand, public and investor relations. In his current capacity, he also oversees business development and data operations.
Prior to joining RealtyTrac, Rick spent more than 20 years developing corporate and product sales and marketing strategies for corporations such as DuPont, Fujitsu, Hitachi, Toshiba, JD Edwards, Cox Communications and Honeywell. The 2006 Stevie® Award Winner for Best Marketing Executive, Rick began his career with Foote, Cone & Belding, and also held executive positions with Ketchum Communications and McGraw-Hill.
Rick is a member of the National Association of Real Estate Editors, the USFN and REOMAC. He is also President of the Technology Council of Southern California and on the Editorial Advisory Board of Default Servicing News.