Creating Wealth Real Estate Investing with Jason Hartman

Today's Flash Back Friday comes from episode 616, from January 2016.

Phase 1: Buy some properties, Phase 2: Protect your assets

Jason answers your questions in this high-level Q&A. The main takeaway from this episode is to buy some properties now. Getting started is often the hardest part for real estate investors. If you don’t start today you may put off creating a wealthy future for yourself and one day realize it is too late. If you buy your properties with the help of Jason’s team you are able to leverage the huge volumes at which they do business. You get seasoned, professional help with your very first property purchase. You don’t have to do this alone!

Key Takeaways:

[3:36] Oliver was a dedicated listener before working as an investment counselor

[9:31] Why doesn’t the whole world know about income property?

[11:27] 14 million individual investor-owned single family homes

[15:20] Jason answers real listener questions about LLC’s, evictions and identifying markets

[17:57] 1.) Buy some properties and 2.) Protect your assets

[23:57] How to identify and choose a real estate investment market and the local market team

[29:21] Understanding acquisition costs for the Local Market Specialist

[32:55] Properties on JasonHartman.com are not necessarily the best deal you can get

[35:07] Multiplexes or single family houses? Which is better for cash flow?

[38:56] Higher priced properties have lower rent to value ratios

[40:25] Meet the Masters event is coming up – you can still get a ticket

[41:45] Venture Alliance trip to Dubai on President’s Day weekend

Websites:

www.JasonHartman.com/Properties

www.VentureAllianceMastermind.com

www.JasonHartman.com/Masters

Direct download: CW_933_FBF_Happy_New_Year.mp3
Category:general -- posted at: 10:00am EST

Jason kicks off the show looking at a microtrend he's been seeing after the GOP Tax Reform was passed, which may only be attributable to people wanting to hate anything Trump does. He also looks at the response of people to the tax reform, with people looking to prepay their property taxes and write it off on their 2017 taxes.

In this second half of the show, Jason Hartman finishes his interview with CPA Ryan, as the two continue their look at the new GOP Tax Reform. Ryan points out a few more big changes, as well as several minor ones. Some of them are HUGE for real estate investors, like the accelerated bonus depreciation, while some are mostly targeted at smaller groups (like hedge fund managers).

Key Takeaways:

Jason Intro:

[3:56] The microtrend Jason's noticed recently

[11:33] A lot of people are prepaying their 2018 property taxes before the end of the year so they can deduct it on their 2017 taxes

[15:25] Holiday retail sales were fantastic

[18:21] Enter at JasonHartman.com/Contest to win tickets to Meet the Masters

CPA Interview:

[20:50] The accelerated bonus depreciation is enormous for real estate investors

[24:21] Changes to the 1031 Exchange rule

[28:25] The carried interest rules have changed as well, impacting the hedge fund managers trading techniques

[30:14] 529 plans (education plans for children) can now be used to pay for private schools

[30:47] Some tax changes that were EXPECTED but didn't end up happening

Websites:

www.JasonHartman.com/Masters

www.JasonHartman.com/Contest

Direct download: CW_932_Ryan_Schellhous_2.mp3
Category:general -- posted at: 10:05am EST

Jason Hartman starts off the show from the bottom of the Grand Canyon discussing the upcoming Meet the Masters event, along with his excitement about the new GOP Tax Reform.

Then Jason talks with CPA Ryan about the new tax plan. The two start off with a 30,000 foot overview of the plan, then drill down into specific components of the plan as they figure out who is going to be helped and who may not see as much of a benefit under the plan. Ryan explains the biggest revenue raisers and "losers" under the new bill, and some of the most important pieces that will impact individual filers.

Key Takeaways:

Jason Intro:

[3:04] The Grand Canyon may actually be more impressive when you look up from the bottom

[5:39] Meet the Masters of Income Property is in 2.5 weeks, featuring Ron Paul

[7:45] Danielle DiMartino-Booth may not be a huge fan of the new tax reform; we'll find out at Meet the Masters

CPA Interview:

[12:58] The 30,000 foot overview of the GOP Tax Reform

[14:53] Will this tax reform create a repatriation of wealth back to the US?

[18:43] The move that mobilized the GOP forces toward tax reform

[20:40] The 2nd most important thing in the tax plan was the widening of tax brackets and lowering of rates for individuals

[22:50] The standard deducation has been increased, which should increase the number of simple 1040s being filed

[25:51] The single largest revenue raiser in the entire bill

[28:04] The change in mortgage interest deductions could cause a dampening in the high end real estate market

[30:33] The Alternative Minimum Tax isn't gone, but it's gone through an overhaul

[32:25] Pass-through businesses are getting a 20% deduction

Website:

www.JasonHartman.com/Masters

www.JasonHartman.com/Contest

Direct download: CW_931_Ryan_Schellhous_1.mp3
Category:general -- posted at: 9:00am EST

There's a constant dialogue going on in our head that tells us why we can't do something. There's constantly an excuse for our behavior that lets us shift the blame away from ourself and on to other things. Jason Hartman talks with Noah St John about this "head trash" and how we can change our thoughts to better our life.

In this 10th episode, Jason and Noah talk about how you can actively work on your mind to create the reality you desire, both professionally and personally.

Key Takeaways:

Jason Intro:

[2:30] Alexa, where's Santa Clause?

[3:29] The 5-year plan contest ends December 26, 2017

[5:25] Venture Alliance Mastermind group has been streamlined, the price is reduced, and now has ADD-venture trips

[7:19] The GOP Tax Reform is a great Christmas gift

[9:52] Do deficits matter that much when you have the reserve currency and the largest military ever known to mankind?

Noah St John Interview:

[13:43] What is head trash?

[18:26] Sometimes our own belief systems are what's holding us back

[22:16] How do you go about and actually change your belief to stop holding yourself back?

[24:50] Neuroscientists have identified what's known as the "Habit Loop" that you have to break

[27:18] People rarely realize how powerful they actually are

[31:46] Sometimes even things that are positive (like a good work ethic) can hold us back from where we want to go

[34:39] The difference between affirmation and afformation

[37:46] How you can use afformations in your relationships

Website:

www.JasonHartman.com/Contest

www.JasonHartman.com/Masters

www.JasonHartmanIceHotel.com

www.NoahStJohn.com

www.SendMeABookNoah.com

www.AfformationsBook.com

"There's no lack of information but there's a DEFINITE lack of implementation"

"If you keep not delegating then pretty much you're going to be stagnating."

Direct download: CW_930_Noah_St_John.mp3
Category:general -- posted at: 8:00am EST

This week's Flash Back Friday comes from Episode 626, originally posted in January 2016.

Cozy makes collecting rents and screening tenants accessible from anywhere.

Owning the most historically proven asset class, income property, is getting easier. This new service allows landlords to screen tenants, view credit reports and collect rents from a smartphone or tablet. There are nominal fees built into services like debit card processing and the obtaining of a credit report which are paid for by tenants. Professional property owners now have a one-stop shop for managing their income properties, no matter where they are in the world.

Key Takeaways:

Jason’s Editorial:

[1:24] The devastating news from the stock market, was it manufactured?

[5:44] Could the government take away the benefits of the most tax favored asset?

[7:37] The entire world economy is 60 trillion in a year and we lost 8 trillion in less than 1 month

[9:58] Let’s print more money because there is no limit

[12:57] Get free powerpoint slides and a reserve your spot for the next JHU event March

Gino Zahnd Guest Interview:

[17:12] What exactly is Cozy and how did it start?

[20:23] A landlord has access to a tenant’s credit report without the chance of identity theft

[22:10] An agent can only use the screening tools or the full-service option

[24:59] Can a landlord can still add an application fee to cover their time spent?

[27:44] Credit reports & background checks have a fee associated with them via Cozy

“We help landlords by eliminating the hassle of rent checks and screening new tenants.”

[29:35] Automated Clearing House (ACH) payments are free between landlord and tenants

[32:07] Cozy eats the cost of transactions in exchange for client satisfaction

[33:26] 2 ways for a landlord to initiate payments

[35:45] Cozy’s goal is to be the best one-stop shop for realizing rent payments

“Landlords will be notified when rent payments are received, removing the need to manually check.”

[39:52] Rental markets are in the U.S. are fragmented and hard to access

[40:50] Cozy is available on your phone or tablet and new services are coming

Websites:

www.Cozy.co

@cozyco

www.JasonHartman.com/Masters

www.JasonHartman.com/Matrix

Direct download: CW_929_FBF_Gino_Zahnd.mp3
Category:general -- posted at: 8:56am EST

Jason Hartman and Ken McElroy finish up their conversation started in episode 927. This time, however, the two look into the importance of how property owners (and managers) treat their tenants, and why many people are doing it wrong. They also discuss why the American idea of home ownership may be a massive myth, and two critical pieces to your investment success.

Key Takeaways:

Jason Intro:

[3:29] Apple has confirmed a long-held conspiracy

[6:38] Jason believes this tax plan is going to be phenomenal for the economy

[10:49] Some back of the napkin math on the impact of the new tax plan

[15:19] It's been 3 decades since we've had real tax reform, so Jason's bullish

Ken McElroy Interview:

[20:42] It's important to treat all your residents as your customers

[22:08] Is the idea of home ownership a myth?

[24:22] Population growth and migration are two things critical to investment success

[27:41] The state of the states

Website:

www.JasonHartman.com/Masters

www.JasonHartman.com/Contest

www.MCCompanies.com

Direct download: CW_928_Ken_McElroy_2.mp3
Category:general -- posted at: 5:48pm EST

Jason Hartman starts off the show discussing the recent news that economic optimism under President Trump is nearly unprecedented. He also goes into what to look for when moving, and what "The Wheel of Life" is about.

Then we have part 1 of Jason's interview with Rich Dad Advisor Ken McElroy, who will be speaking at this year's Meet the Masters of Income Property in La Jolla. Ken tells Jason some of the most common mistakes he sees real estate investors make, why you can't just buy real estate any time you like, and some tips on how to do property management the right way.

Key Takeaways:

Jason Intro:

[3:52] We are at a time of unprecedented economic optimism

[6:11] Why Jason enjoys moving and what to look for when you're moving

[12:25] CNBC video about current levels of economic optimism

[17:34] What The Wheel of Life is about

Ken McElroy Interview:

[24:16] The two common mistakes Ken sees in real estate investors

[26:19] Real estate is cyclical, so you can't just buy all the time throughout your career

[28:41] Ken's real estate business model

[30:20] Some tips on how to do property management right

[33:01] C class properties look good on paper, but in the long run, better quality properties bring better quality tenants

Website:

www.JasonHartman.com/Masters

www.KenMcElroy.com

Direct download: CW_927_Ken_McElroy_1.mp3
Category:general -- posted at: 9:41pm EST

The GOP tax plan is looking like it's going to be going through in the near future, but with a bill this long nobody is 100% sure how it's going to impact their taxes. In the second part of their interview, Jason Hartman talks with Naresh about what Jason's seen in the tax plan that will impact income property investments and why the plan will create upward pressure on rents.

The two also go into censorship in America, from YouTube to Naresh's new book, Trumpbook: How Digital Liberals Silenced A Nation Into Making America Hate Again, which he's been unable to market in traditional outlets that are advertising left leaning books.

And don't forget to do your 5-year plan, record it and upload it by Christmas to enter the contest!

Key Takeaways:

[5:02] This tax plan will be great for real estate investors because it dis-incentivizes buying a home

[8:38] The White House clip on taxation

[12:05] Supply side economics works, it's not a zero sum game

[18:25] The Fed is going to be raising rates six times in the next 2 years, which will be HUGE for real estate investors getting in now

[22:23] The 2 things that could ruin Jason's prediction on interest rates impact

[23:52] Naresh's new book, Trumpbook, is being censored by the mainstream media. Get a free copy by going to www.NareshVissa.com

Website:

www.JasonHartman.com/Masters

www.JasonHartman.com/Contest

www.NareshVissa.com

Trumpbook: How Digital Liberals Silenced A Nation Into Making America Hate Again

"Earned income by employment is always the least favorable income you can have in the US."

Direct download: CW_926_Naresh_GOP_Tax_Plan.mp3
Category:general -- posted at: 4:14pm EST

In part one of Jason Hartman's interview with client Naresh, the two discuss what led Naresh to buy his first income properties, why he is now veering away from investing in things like the stock market and cryptocurrencies, and how our portable, sharing economy is changing everything.

Naresh is currently purchasing his second rental property while RENTING his apartment in Florida, something most people would consider the "wrong" decision.

Key Takeaways:

[7:03] How Jason & Naresh first met

[9:33] How the "portable society" impacts you as a real estate investor

[13:01] The world is changing faster than ever before, so we need to throw a lot of our old ideas out of the window

[19:28] We'd all love to get something for nothing, but really we're just gambling

[22:38] An interesting piece of education from Naresh's recent trip to Columbia that shows the value of the dollar

Websites:

www.JasonHartman.com/Masters

www.KrishMediaMarketing.com

"Nothing is bigger than the American brand, no brand has more value than the United States of America brand"

Direct download: CW_925_Naresh.mp3
Category:general -- posted at: 11:03pm EST

The world today has created criminals that have become more and more sophisticated as crime has gotten harder due to security measures most people are using. Doors aren't left open any more, everything has an alarm on it, but people still don't protect EVERYTHING. Identity theft is a huge problem, and there are scams abound for people who are willing to sink to that level. Jason Hartman warns about some of the newer scams to hit the market.

Also, don't forget to do your 5-year plan video or register for Meet the Masters!

Then, Jason talks with Jorge Newbery, author of Debt Cleanse: How to Settle Your Unaffordable Debts for Pennies on the Dollar, about Jorge's real estate journey, including having to fight against local government in an attempt not to lose an 1,100 unit apartment complex. Jorge at one point was $26 million in debt and has fought his way back and is set on helping those who need it most.

Key Takeaways:

Jason Intro:

[3:09] Jason's thought on identity theft, which Jason considers the biggest crime in the world

[5:57] One of the new telemarketer scams out there today

[9:30] A story about how fractional lending actually stopped a man from being foreclosed on in the 60s

[12:34] The 5-year plan videos are looking great!

Jorge Newberry Interview:

[20:26] How Jorge got into the real estate business, and was taken down by a single ice storm

[24:46] The City of Columbus, OH wouldn't let Jorge's renovations pass inspections

[28:56] A fake news story about Jorge being investigated turned the public against him and his renovations

[33:13] Why Jason is okay with the strategic default practice, even as a lender himself

[34:39] In his quest to erase his $26 million in debt, Jorge found an error that erased $5 million of it, which led to a startling revelation

[38:39] Our whole society is set up to create massive bubbles that burst and allow the powers that be to buy assets for pennies on the dollar while we blame ourselves for the situation

[40:45] The wealth concentration in our nation is becoming untenable

[42:20] The #1 piece of advice for if you're in trouble with your loan

Website:

www.JasonHartman.com/Masters

www.JasonHartman.com/Contest

www.AHPFund.com

www.DebtCleanse.com

Over the course of time, it is in the interest of the banks, and the creditors, and the Fed...to create these bubbles.

Direct download: CW_923_Jorge_Newbery.mp3
Category:general -- posted at: 8:00am EST

There's a whole lot going on in the economic world today, so Jason Hartman decided to talk to Cody Mamone, CTP, a Vice President for PNC Bank, about what on Earth is going on in the cryptocurrency world, and how it might be impacted by Bitcoin now trading on 2 exchanges in the United States.

The two also delve into the growth of consumer debt in the past 5 years, as well as where interest rates may be headed and how much of an impact even a slight change in rates can have for investors and homebuyers.

Key Takeaways:

[4:47] The difference between saving versus savingS rates

[9:36] The Fed has some useful data that can be used for your investing research, and one thing in the consumer credit reports stuck out

[11:40] The growth in consumer (and student loan) debt in the last 5 years has been astounding

{14:32] Cryptocurrency mania is going crazy and it's not a healthy thing

[16:51] The REAL environmental destruction that cryptocurrencies are creating

[19:45] What's going to happen to Bitcoin now that it will be traded on 2 exchanges? Will the volatility finally end?

[25:59] Where are interest rates headed?

Websites:

www.JasonHartman.com/Masters

www.PNC.com

A 1% rise in interest rates would disqualify 5 MILLION households from owning a $200,000 home

Direct download: CW_922_Cody_Mamone.mp3
Category:general -- posted at: 4:39pm EST

Jason Hartman starts off the show with Investment Counselor Carrie from a single family investment trade show in Phoenix, Arizona. The two have been meeting vendors at the trade show and are absolutely amazed at the opportunities that smart technology is creating for investors. These innovations will allow investors to truly increase their profits as they become more comfortable self managing their properties across the nation.

Then, Jason goes off topic with Cameron Herold, author of Double Double: How to Double Your Revenue and Profit in 3 Years or Less, and Meetings Suck, about how his Vivid Vision can clarify your purpose and help you get on the right path.

It's imperative that every business knows exactly what the mission is, and that every employee in the business knows where the company is headed. It's the only true way to get, and stay, ahead of the competition.

Key Takeaways:

Jason Intro:

[3:32] There's technology coming that will allow you to review tenants (and have them review you)

[8:14] Smart technology is making it easier to self-manage properties from a distance, and increasing your profits in the process

[8:56] DO YOUR 5-YEAR PLAN!

Cameron Herold Interview:

[14:15] How writing your Vivid Vision can author your future

[17:39] Reverse engineering your Vivid Vision

[20:26] Finding the "sweet spot" in length for your Vivid Vision, and how to properly use it

[23:43] What should you do with your Vivid Vision? How much does David share his?

[28:32] How to run meetings properly

[31:41] How long should you book your meetings?

Websites:

www.JasonHartman.com/Contest

www.JasonHartman.com/Masters

www.CameronHerold.com

Direct download: CW_920_Cameron_Herold.mp3
Category:general -- posted at: 10:40am EST

Is the home ownership rate too high? Are millennials going to enter the market and disrupt everything? To answer these questions you have to answer Jason Hartman's key question in life: compared to what? Any time you're making plans or comparing one thing to another, the question of compared to what pops up, and it's something we should continue to ask ourselves.

Is buying a rental home a smart option? Compared to what?

Should I put money toward this investment? Compared to what?

Later in the show Jason talks with Ed mermelstein, founding partner of Rheem Bell & Mermelstein LLP, about what the GOP tax plan will likely do to foreign investment in US real estate. Ed describes how foreign investors are CURRENTLY investing in the US, and whether this plan will make the money flow in to the country or go running away to other countries. This impact will have especially large effects on big name markets like New York, San Francisco, and Los Angeles.

Key Takeaways:

Jason Intro:

[2:45] "Compared to what" is the question you need to ask about everything, and it's especially important when it comes to foreign real estate investors in the United States

[8:24] Millennials are entering the housing market, but not in a significant percentage

[11:23] Jason's big piece of advice for people making their 5-year plan video

[14:21] David Copperfield & Jerry Seinfeld's net worths go to show you the power of media & scalability

[16:19] The list of countries with the highest & lowest GNI

Ed Mermelstein Interview:

[23:59] Will the proposed tax plan make the US real estate market more or less attractive to foreign investors?

[26:14] The typical business designation that foreign investors use

[28:49] Why some changes in deductions will effect investment in big cities like NY, LA, SF

[31:55] Which countries some of the major US markets get most of their foreign investment dollars from, and how the investors are using their properties

[35:58] Are any foreign governments buying US real estate?

[38:59] The US is in a sweet spot where European and Asian investors will invest, but it doesn't go overboard because of logistics like time differences and distance

Website:

www.RBMLLP.com

www.OneAndOnlyRealty.com

www.JasonHartman.com/Contest


"If fewer people wanted to own homes it will be better for the economy, and it will be better for investors."

Foreign investment tends to sometimes make the news in a negative manner, but we should also consider the benefits of foreign investment in the United States

Direct download: CW_919_Ed_Mermelstein.mp3
Category:general -- posted at: 10:46am EST

Today's Flash Back Friday comes from Episode 581, originally published in October 2015.

Understanding various mortgage types and how it affects you, the investor.

Even though Jason believes in a fixed rate, long-term, buy and hold mortgage strategy, he encourages people to be informed about the additional financing options available. This week he and Naresh take a deep dive into the adjustable-rate mortgage, breaking it down into easy to understand piece parts. They also discuss the wrap around mortgage, what the term negative rate means and give numerical examples to clearly explain each distinct type of calculation.

Key Takeaways:

[2:46] 5 Elements of adjustable-rate mortgages (ARM)

[4:19] 1. Start or Teaser rate

[5:10] 2. Index

[7:20] 3. Margin

[8:50] 4. Annual cap – 3 types

[13:38] Negative interest rates

[18:17] Negative amortization rate

[19:05] Sophisticated investing techniques

[22:43] AITD – Wrap around mortgage

[24:23] Wrap around mortgage example

Website:

www.JasonHartman.com/Properties

Direct download: CW_918_FBF_Financing_Options.mp3
Category:general -- posted at: 9:04am EST

Jason Hartman is happy to bring one of his clients, Adam Jackson, on to the show to talk about his journey into real estate investing. Adam started buying properties toward the end of 2016, and has subsequently purchased 11 homes in the past year on his quest for financial freedom.

Adam shares what markets he's currently invested in, where he's looking to expand, keeping score with personal financial statements, and keeping a healthy balance.

Key Takeaways:

Jason Intro:

[2:07] Do your 5-year plan and submit it to www.JasonHartman.com/Contest

[6:40] 2018 is predicted to be an earthquake heavy year, so be careful with your property in earthquake zones

[10:02] Venezuela is the latest example of runaway inflation

[13:15] Invest in commodities and fight inflation with income properties

Client Case Study with Adam Jackson:

[15:33] Who is Adam Jackson?

[21:12] Where Adam bought his first property, and why

[23:23] Why Adam chose to buy a home with cash

[31:12] When you suffer through an expensive repair, remember that your loss is shared by the government on your tax return

[33:50] How to keep score via financial statements

[38:44] The P vs PC Balance

[41:50] Adam's attempt at the abundance mentality and trying to pass along whatever wisdom/money/time he can

[45:31] Focusing on a few things in-depth is better than a little bit of everything

Website:

Submit Your 5-Year Plan!

www.JasonHartman.com/Masters

Magic Power by Triumph


"The other asset, that people don't realize they have, is their credit"

Direct download: CW_917_Adam_Jackson.mp3
Category:general -- posted at: 2:07pm EST

Over the Thanksgiving weekend, Jason Hartman found himself looking through his old books in his mom's house. In the stacks he found two books that were key in his investing journey, The Art of the Deal by Donald Trump, and Mission Success by Og Mandino. Jason explains why these books impacted him so much and why they're still important today.

Then, Jason talks with Jeff Meyers, President at Meyers Research, about the state of the housing market across the USA, and how much runway the market might have. They also discuss whether millenials are finally ready to buy their first houses, and the incredible impact the self-driving car will have.

Key Takeaways:

Jason Intro:

[2:40] The book that turned around Jason's real estate career at the age of 24

[6:33] Jason would listen to Og Mandino's Mission Success cassette on repeat

[11:54] Walter Hoving's views on capitalism

[15:15] Capitalism is the best (and most natural) economic system ever

[17:47] A JasonHartman.com sale! $200 off VIP or Elite level Meet the Masters ticket

Jeff Meyers Interview:

[21:13] Are the millenials finally entering the home buying market?

[24:04] There's been a long economic recovery, but housing hasn't led the way so Jeff sees more runway

[28:43] When did the real recovery from the Great Recession begin, and how does it affect where we are in the housing cycle?

[31:24] Mortgage lending is getting tighter than ever, with the average FICO score on each loan being 720 (the banks are allowed to loan at 680)

[32:56] The self driving car could cause a resurgence of the suburbs, but it will DEFINITELY be a game changer for real estate (perhaps like how Amazon has changed the retail industry)

[36:09] The cottage industry that could spring up out of the emergence of the self driving car

Website:

www.MeyersResearch.com

www.JasonHartman.com/Masters (promo code "black" for the sale)

www.JasonHartman.com/Contest

The Art of the Deal

Mission Success by Og Mandino

Quotes:

Suburban markets we see some runway. they have not kept up, and that's where a lot of demand is starting to take off.

You have to remember that what caused this recession was a direct hit from the mortgage market

Direct download: CW_916_Jeff_Meyers.mp3
Category:general -- posted at: 2:13pm EST

Jason Hartman is proud to announce the latest addition to the 2018 Meet the Masters of Income Property event, Ken McElroy.

Ken is a Rich Dad advisor and entrepreneur who is an expert in investment analysis, property management, and property development. He's responsible for over $700 million investment dollars in real estate.

Ken is the author of the best-selling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABC’s of Property Management, and most recently his book on entrepreneurship: The Sleeping Giant.

Website:

www.KenMcElroy.com

Direct download: CW_Ken_McElroy.mp3
Category:general -- posted at: 9:00am EST

Today's Flash Back Friday comes from Episode 569, originally published in September 2015.

Don’t miss a thing with Jason Hartman University property acquisition checklists. So you’ve decided to invest in real estate, what now? Using the checklists provided by Jason…

Website:

www.JasonHartman.com/Properties

www.JasonHartman.com/Contest

Direct download: CW_915_FBF_Checklist.mp3
Category:general -- posted at: 10:00am EST

It's Thanksgiving Day, and it's time to take stock of all the blessings in your life. Jason Hartman recorded this episode in the home of his new podcast editor, Adam Schroeder. The two of them discuss how Adam and his wife recently became real estate investors through Jason, as well as why it's important to acknowledge your blessings in life.

Key Takeaways:

[3:16] The Schroeder family purpose statement

[6:23] Client case study with Adam

[10:48] Why appraisals are getting harder to come in at the sales price of the home

[19:01] Dennis Prager's Gratitude

[25:31] Take time to make a list of what you're grateful for

[29:43] Feeling entitled can quickly become a burden

Website:

www.PragerU.com

Direct download: CW_914_Adam_Schroeder.mp3
Category:general -- posted at: 11:17am EST

Jason Hartman starts off the show talking with Elisabeth Embry about how she makes her 5-year plans, and why it's important. The 5-year plan contest is still going on, and you can win great prizes and set your future up for success by making one and sharing it with others.

Then, Jason continues his conversation with former Congressman Dr. Ron Paul. The two finish up their talk by looking at why the government thinks they're the best option for many aspects in our lives, what would happen if the government got out of the way and prices reverted to normal (rather than the distorted view we're getting today), and why we shouldn't expect to see inflation curbed in the near future (or ever, more likely).

Key Takeaways:

Jason Intro with Elisabeth Embry:

[2:33] The 5-year plan contest is still going on

[4:13] How Elisabeth, and her husband, take the time to put pen to paper and come up with their 5-year plan

[7:15] We tend to not put much emotion into our investing victories, which can make us only remember the negatives

[10:46] Planning your journey using the Amazon Press Release method

[14:37] Take stock of your resources, you probably have more than you realize

[16:01] Creating your 5-year plan will help it come true, we're able to achieve more than we realize when we say it out loud

Ron Paul Interview, Part 2:

[18:50] What business is it of the government to involve themselves in so many aspects of our lives?

[21:11] Many governmental programs have distorted markets like student loans and housing markets

[25:28] Distorted prices and manipulating the currency and tax codes makes people worry about gaining the best tax advantage rather than getting the highest return or providing the most value

[28:42] Inflation, from the government and central bank point of view, seems to be a great business plan

Websites:

www.JasonHartman.com/Contest

www.JasonHartman.com/Masters

www.RonPaulLibertyReport.com

Direct download: CW_913_Ron_Paul_2.mp3
Category:general -- posted at: 7:42pm EST

Jason Hartman kicks off today's episode with a look at Daren Blomquist's latest Housing Report and breaks it down piece by piece. He examines the data about a long-time low in housing starts, a construction worker shortage, and an investors lament.

Then, Jason introduces his guest, and Meet the Masters headline speaker, former Senator Dr. Ron Paul. The two examine what liberty really means, what governments role actually is, the damage our educational system is doing to our society, and what should be done with the federal income tax. Part 2 of Dr. Ron Paul's interview will be aired on Wednesday.

Key Takeaways:

Jason Monologue:

[3:50] Daren Blomquist, with ATTOM Data, has released his lastest Housing Report that examines the topic of bubble markets

[8:16] The construction void: lowest home starts since 1964

[13:16] The idea of a bubble warning

[17:04] When Jason didn't buy mobile home parks, an investors lament

[20:18] A huge labor shortage in the construction industry

[22:05] Don't forget to make your 5 year plan

Ron Paul Interview:

[24:01] What is the meaning of liberty, according to Ron Paul?

[28:50] How do you draw the line about what the government should be involved in?

[32:20] Ron Paul's liberty amendment to end income tax

[35:58] Progressive education has harmed our nation

Websites:

www.JasonHartman.com/Contest

www.JasonHartman.com/Masters

www.RonPaulLibertyReport.com

Direct download: CW_912_Ron_Paul.mp3
Category:general -- posted at: 3:30pm EST

Today's Flash Back Friday comes from Episode 563, from September 2015.

If you are using your buy and hold properties as short term rentals, through a company like AirBnB,  you may be required to pay an additional 15.3% self employment tax. Although it may seem like a gray area to you, the IRS considers it an active business and will take note of which schedule you are filing. Short term rentals require more of your labor and your time which rarely gets accounted for when calculating costs. Considering all the aspects of short term rentals versus long term buy and hold properties will shield you from future surprises.

Key Takeaways

Jason’s Editorial:

[2:04] The huge flaw in Airbnb

[3:10] The passing of Dr. Wayne Dyer

[4:14] The female perspective

[5:40] Positive Feedback from the 1st Jason Hartman University

[7:39] Save the Date for the next Meet the Masters in early January 2016

[9:30] The Venture Alliance Rhode Island trip details

Brandon Hall Guest Interview:

[15:02] Airbnb investors also have a 15.3% tax on active income

[16:13] Monetizing the value of your time

[16:44] Automated business systems allow me manage my real estate in only 30 min per month

[19:01] It’s more time and labor intensive than a buy and hold property

[21:50] A complicated scenario in setting up short term rentals

[24:49] Short term rentals may earn more but the time is not factored in

[25:45] Schedule E or Schedule C?

[27:47] The IRS may be bringing on the audits

[29:33] A 5 year depreciation schedule

[31:05] The diminimous safe harbor

[33:23] 500 material participation is solely for rental properties

[36:06] An example of a three unit qualifier for material participation

[37:53] Long distance self management is possible and maybe easier

[39:35] Segmented depreciation, cost segregation using a sears catalog

[42:41] Feasibility studies are expensive

[44:43] Everybody needs a home office

Mentions:

YourErroneousZones

JasonHartman

reviews@jasonhartman.com

EO

HallCPALLC

Direct download: CW_911_FBF_Brandon_Hall.mp3
Category:general -- posted at: 9:00am EST

Jason Hartman starts off this 10th episode with a look into the "tulip bubble" in cryptocurrencies that he's afraid is going to explode. It's taking more and more energy to "mine" Bitcoin these days, and this fake work is causing real damage to our environment. Jason explains what he thinks will eventually replace cryptocurrencies like Bitcoin, and also announces the newest addition to the Meet the Masters event in January.

In his 10th episode interview, Jason talks with Mark Sanborn, author of the new book The Potential Principle: A Proven System for Closing the Gap Between How Good You Are and How Good You Could Be, about how to traverse The Potential Matrix and create a better self. No matter how your life has been going, there's always room for improvement. 

Mark offers some tips on activities you can do to better yourself, as well as some talk about The Fred Factor, and why it became (and remains) such a success.

Key Takeaways:

[2:49] A tulip bubble in cryptocurrencies?

[6:21] Our brain takes a lot of energy to power, so it doesn't want to think because it's easier to be lazy

[10:26] You have fake currency, creating fake work, doing real environmental damage

[12:17] A new speaker for Meet the Masters, Ken McElroy, is announced, and admission levels are explained

Mark Sanborn Interview:

[18:03] What is The Potential Principle?

[20:59] The Potential Matrix can tell us the 4 areas we can get better

[23:12] The first step fo the Potential Matrix is to disrupt yourself before someone or something else does

[26:40] Engage others: think who before you think how

[29:02] Some tips on how to properly select a book to read

[32:04] The importance of The 5 Friends

[34:09] Why was The Fred Factor a success?

[37:38] There are Fred's all over the place, we just sometimes don't notice them, and what we can learn from them

Website:

www.JasonHartman.com/Masters

www.JasonHartman.com/Contest

www.VentureAllianceMastermind.com

www.MarkSanborn.com

www.PotentialPrinciple.com

 

"If you don't disrupt yourself, somebody or something else will"

"Nobody can prevent you from choosing to be extraordinary"

"Everybody makes a difference, and the only question is what kind"

Direct download: CW_910_Mark_Sanborn.mp3
Category:general -- posted at: 2:51pm EST

Today's Flash Back Friday is from Episode 562, originally published in August 2015.

Jason and Naresh discuss the lure of working on Wall Street and how big firms lure college kids with 6 figure salaries and pricey hotel stays. They delve into real estate being the most multidimensional asset class and the financial protections it offers. They reflect on clients who are using money from their corporate jobs to build their real estate portfolios by investing in income property on their way to becoming financially independent. And finally, the unsafe, unstable investment of gold.

Key Takeaways:

[2:11] Florida is very desirable for a lot of reasons

[4:25] Naresh went to Duke and worked on Wall Street

[6:22] An example of a Super Day at Morgan Stanley

[10:16] Kids don’t aspire to work on Wall Street, they are courted in college

[11:32] $150,000 a year right out of school

[13:16] We sell out when we become adults

[14:48] Venture Alliance event in September go to JasonHartman.com to sign up

[15:16] Invest money from your corporate career as a base on which to build your wealth

[16:54] You have no idea how the machine called Wall Street works

[17:48] Will gold continue to drop in value?

[18:30] Generation Y, what is it they find value in

[19:39] 7 reasons real estate is better than gold

[22:13] Your best insurance is a high loan balance

[23:35] Is your gold hiding offshore? How do you know it’s in storage?

[25:32] Jason’s Grandfather was a coin collector and had his home invaded for it

[28:55] 25% down for cash on cash return of 12% annually

[30:10] Multidimensional asset class is basically many different dimensions of income

[31:10] Information on future episodes

Websites:

www.MorganStanley.com

www.HudsonHotel.com

7 Reasons Real Estate is Better Than Gold

Gold Antitrust Action Committee

Direct download: CW_908_FBF_Real_Estate_Gold_Standard.mp3
Category:general -- posted at: 2:24pm EST

2018's Meet the Masters event was already packed with great speakers like Jason Hartman, Garrett Sutton, Brian Smith, Danielle DiMartino-Booth, John Burns, and more. Today, Jason Hartman is proud to announce that former Congressman (and America's foremost advocate for liberyt) Ron Paul will be joining the fold to headline the event.

Ron Paul was most recently a Republican candidate for President in 2008 and 2012, and served in the US House of Representatives for Texas for more than 25 years in all. He is a critic of policies like the USA Patriot Act and has criticized the federal governments fiscal policies a multitude of times. He's also outspoken against Federal Reserve, and the US tax code.

Website:

www.JasonHartman.com/Masters

www.CampaignForLiberty.org

Direct download: CW_Ron_Paul_Announcement.mp3
Category:general -- posted at: 7:19pm EST

If you want an early peak into a respected year end review, then you need to listen to what Professor David Collum has to tell Jason Hartman. The two discuss the dangerous situation that's being created by entities like the Fed and our own government that will lead to disasterous implications. The problem is, nobody knows when the can will be allowed to stop. We've been able to stave it off for years now, but the bill will come due at some point.

The two also look into the idea of "free speech" on college campuses and how to solve the intolerance shown by the left in that regard, as well as why Warren Buffett continues to lie about the equity market.

Key Takeaways:

Jason Hartman Monologue:

[3:06] The 5 Year Contest entry website and why you should do it

[7:22] The prizes available for the contest range from Meet the Masters admission to a Venture Alliance Mastermind weekend to an Amazon Echo

David Collum Interview:

[13:56] The merits of price gouging, and why price gouging laws are destructive

[17:00] The issue of free speech on college campuses, and whether it actually exists today

[21:31] If you want to solve the issue with students shouting down speakers, the administrators need to grow a backbone and punish the violators

[24:49] The metrics that show if equities are overpriced are fraudulent

[27:00] David is looking at a 50-70% reduction in the equities market

[30:10] What would happen to the economy if the Fed actually raised rates to something like 4%, and why it's a completely different world than when Voelker gave the economy its "hard medicine"

[34:00] Warren Buffett is a massive insider who likes to lie about the state of the market

Website:

The 5 Year Plan Contest

www.Twitter.com/DavidBCollum

David Collum's Cornell Faculty Page

David's Previous Year End Reviews


We shouldn't progress to the mean, we should regress to it, and that gets you to 60-70% regression.

"Overvaluation is appreciation pulled forward, and undervaluation is deferred appreciation"

Direct download: CW_907_David_Collum.mp3
Category:general -- posted at: 3:20pm EST

The Trump Tax Plan that is being considered by Congress has been getting a whole lot of bad press. But is it really that bad compared to what we have right now?

Laurence Kotlikoff, William Fairfield Warren Professor at Boston University and President of Economic Security Planning, Inc, talks with Jason Hartman about what kind of impact the plan will actually have on the economy, why his model is different from many of the others, what we need to do to get the economy stimulated and rolling again, and what changes it would bring for real estate investors.

Key Takeaways:

Jason's Monologue:

[2:15] The myth of coastal properties

"It is amazing to me how just the right mindset will change ones life"

[8:32] Finding his 4 big mentors at the age of 17 changed the course of Jason's life

[13:44] The prizes for the 5 Year Plan Contest are revealed

Laurence Kutlikoff Interview:

[19:11] Reactions to the proposed tax cuts have been over the top because they're based on an analysis done with a faulty model

[23:44] Laurence's model shows that the tax cut plan will actually stimulate growth because of the corporate tax reform

[27:40] What the new plan would mean to real estate investors

[30:49] Every change to the tax code takes a few years for people to adjust

[33:48] This is one of the few times when you can lower the tax rate and actually get more revenue

[37:30] Would lower personal income taxes increase consumption and stimulate the economy?

Website:

www.JasonHartman.com/Masters

www.Kutlikoff.net

www.EconomicSecurityPlanning.com

"Generally who the government thinks they're helping isn't who they're helping, and who they think they're hurting isn't who they're hurting"

"No country that has grown dramatically has done it by spending"

Direct download: CW_906_Laurence_Kotlikoff.mp3
Category:general -- posted at: 10:31am EST

Today's Flash Back Friday comes from Episode 557, originally published in August 2015.

Do you have the sense to wait out the market during lag times? Buy and hold is Jason’s philosophy, and he is a self made multi millionaire. The average American will never buy at the markets lowest point nor sell at the highest point. For most it takes time for the media’s influence to inspire action which means always being late to the game.

Increasing your knowledge and learning pertinent facts and figures will help you to anticipate upcoming changes in the market. This September in San Diego is your opportunity to receive a complete real estate investment education so you too can create your own wealth.

Key Takeaways:

[2:10] The impact of technology on inflation

[3:18] Rate of change in inflation rates

[6:01] Deflation in 2015 – July being the most deflationary month ever in the U.S.

[8:24] Maintaining yield with the income and expense ratios

[9:53] Staying power through lag time

[11:09] How deflation affects real estate markets

[13:58] Cash flow allows you to weather the downmarket storm

[16:15] Jason’s Commandment #5 – Thou shalt not gamble

[18:22] Naresh questions what happens to the real estate market if we see a rate hike in 2016

[19:00] The 3 dimensions of real estate are buy, rent or homeless

[21:42] Multidimensional asset class and price discovery

[23:08] An example of an exchange to a linear market

[25:00] Jason Hartman University Live in San Diego and Venture Alliance trip to Rhode Island

[30:00] Gold doesn’t produce income and its not a good asset class

Website:

ShadowStats

reviews@jasonhartman.com

“Why do most people miss out on selling high or buying low and what does the media have to do with it?”

“What are the 3 dimensions of real estate? Why knowing can help jump start your wealth creation.”

“JHU live will have the most comprehensive real estate investment information from industry experts.”

Direct download: CW_905_FBF_3_Dimensions_Price_Discovery.mp3
Category:general -- posted at: 12:13pm EST

Over the past few years, investment properties have become harder and harder to get a really good deal, but there are still solid investments available. You just have to be willing to shift your mindset away from what you could have gotten 5, 10, 15 years ago.

You're being presented with the ability to have someone put $100+ in your bank account for the next 30 years, for the price of a down payment (around $20,000), not even taking into account all the other tax benefits you'll receive.

Jason Hartman and Sara, his investment counselor, talk about what's going on in the investment property market, the importance of a long term plan, and why cash flow can ease concerns of high interest rates.

Key Takeaways:

[3:55] The relative scarcity of real estate is why values continue to go up (and will continue to)

[7:49] The marketplace is the marketplace, and we must adjust our expectations in accordance with reality

[9:31] How real estate investors who have been doing it for 10+ years are adjusting their expectations for properties

"On no other asset class can you get such phenomenal financing, because income property is so secure"

[14:59] Investors are having to invest in multiple markets due to low inventory availability

[19:27] Jason's upcoming 5 year plan contest

[26:07] That interest rates are still this low is baffling to Sara and Jason

Website:

Meet the Masters 2018

"People usually underestimate what they can do in 1 year, and they radically underestimate what they can do in 5 years"

Direct download: CW_904_Sara.mp3
Category:general -- posted at: 3:53pm EST

Business conscious people are leaving California in droves. Expert, Author, Attorney, Speaker and Advisor, Garrett Sutton shares his insight as to possible reasons for the mass exodus. He also describes the latest changes to IRS rules regarding LLCs and LPs, how income property investors can protect themselves from internal and external threats and how property holders can avoid large transfer taxes by utilizing a 1031 Exchange.

 

Garrett will be speaking during the upcoming Meet the Masters of Income Property in January 2018.

Key Takeaways:

[03:13] Three important things to consider when evaluating life.

[07:52] Meet the Master's event information.

 

Garrett Sutton Guest Interview:

 

[11:17] California's LLC, Estate, and Transfer Tax grabs.

[17:10] Hey California! A 1031 Exchange is supposed to be tax-free.

[22:32] New IRS rules for auditing LLCs and LP's.

[27:50] The importance of choosing the right state to form and hold your LLC.

[36:22] Garrett Sutton explains the internal and the external attacks on LLCs.

Mentioned in This Episode:

Jason Hartman

Meet the Masters of Income Property Event

Corporate Direct or 800-600-1760


Originally aired as CW 543.

Despite popular belief, China is no longer a cheap place to do business with labor costs and real estate costs soaring. Join Jason Hartman as he interviews Shaun Rein, author of The End of Cheap China and Managing Director of China Market Research Group in Shanghai, about debunking common myths, such as China is stealing U.S. jobs.


Jason welcomes return guest, Daniel Amerman back to the program. Daniel and Jason have been discussing the US economy for over 10 years and Jason continues to use one of Daniel’s charts in his seminars. Daniel is a Charter Financial Analyst with the ability to dissect economic statistics and other financial information then create practical, relatable charts we can all understand. During today’s conversation, Daniel speaks about the unfunded liabilities of the  Social Security Administration, hidden inflation and why the mortgage is one of the few wealth creating vehicles left.

Key Takeaways:

[02:31] Meet the Masters of Income Property Event Speaker information.

 

Daniel Amerman Guest Interview:

 

[10:25] The first real estate President has a vested interest in the economy beyond what is good for the people.

[14:36] Congressional Budget Office says 'trust us'.

[17:00] The Social Security Administration’s unfunded liabilities.

[23:27] Dan's Personal Challenges Created by the National Debt matrix.

[31:28] Built in inflation often goes unnoticed.

Mentioned in This Episode:

Jason Hartman

Meet the Masters of Income Property Event

Ask Jason & Share Your Skills

Free Court

Daniel Amerman


Have you ever been taken advantage of by a business or organization? What recourse did you have? Jason shares his own personal experiences of being taken advantage of and what he did to make things right. His Free Court consumer advocacy group hopes to decentralize the global legal system.

 

And if you have ever wanted to know more about your personality, this 10th episode interview focuses on a psychoanalytical tool designed by University of Toronto Professor, Dr. Jordan Peterson. Dr. Peterson’s Understand Myself Assessment and his Self Authoring Program assist people in identifying their personalities and their goals for the future.

Key Takeaways:

[01:53] Jason uses an Einstein quote to express his devotion to consumer advocacy.

[08:07] January's Meet the Masters of Income Property event details.

[10:26] Decentralizing the global legal system through Jason’s Free Court community.

 

Dr. Jason Peterson Guest Interview:

 

[15:36] The 5 Personality Traits of Understand Myself.

[25:01] How the Understand Myself Assessment is different than other assessments.

[26:55] Personality knowledge can help a person understand their strengths.

[32:21] Do opposites attract?

[34:05] The benefits of the Self-Authoring Program.

[42:55] Writing about oneself as a form of psychotherapy.

Mentioned in This Episode:

Jason Hartman

Meet the Masters of Income Property Event

Venture Alliance Mastermind

AIPIS Podcast

Creating Wealth Episode #417

Free Court

Understand Myself

Self Authoring Program


Massive shifts in the world economy are coming and may be as soon as 2020. The United States has the unique opportunity to take charge of the change through technological breakthroughs that will lead us down the utopian path. In addition, the U.S. is still the best country in which to make real estate investments. But if you do it be wise about it. Private investments are one of the safest vehicles to create your wealth. Be wary of group investment funds which put the control of the funds in someone else’s hands. Jason cautions his listeners against this type of investing. Before signing any deal read every word of the paperwork.


There is a lot of talk in the news lately about a possible downturn in the US economy, yet Jason’s guest, Ali Wolf of Meyers Research is staying bullish. She says the important indicators to watch aren’t showing the normal warning signs of a market drop. Ali also discusses the trends of Millennials with regards to renting vs. buying a home, their purchasing cycles and what they are willing, and not willing, to pay for.

Key Takeaways:

[01:25] Meet the Masters of Income Property event details.

[04:23] Talented and want to get more deeply involved? Jason wants to hire you.

 

Ali Wolf Guest Interview:

 

[08:38] Are we at the end of a business cycle?

[12:05] Ali uses the Quits ratio to judge the state of the economy.

[14:14] Three critical indicators to use as early warning signs to a possible market drop.

[17:04] Wiil Millennials be staying put and buying homes or are they the rental generation?

[24:08] Why modern, prefab homes may offer Millennials more amenities than space.

[35:09] Inventory of existing, resale housing is lower in every single market Zondo tracks.  

Mentioned in This Episode:

Jason Hartman

Meet the Masters of Income Property

Real Estate Tools

Listeners with Skills - Apply here

Meyers Research

Zonda


As the latest Venture Alliance Mastermind is wrapping up Jason asks the attendees to share their favorite moments and key takeaways from the event. And in the interview, Brian Chavis, author of The Landlord Academy and Creator of the website of the same name,  describes his property management methods and tools. His advice is for income property investors to treat their portfolios as a business and to set expectations from the onset of a landlord-tenant transaction.  

Key Takeaways:

[02:38] John Christensen and Mike Zlotnik share key takeaways from the Venture Alliance Mastermind.

[08:03] Gary appreciated the biohacking information shared by other Venture Alliance members.

 

Brian Chavis Guest Interview:

 

[17:50] The fundamentals of attracting tenants.

[20:20] Basics of a solid lease.

[23:33] The two main systems landlords need to have in place.  

[27:12] How to handle move outs, inspections and

[30:23] Be a better property manager with

[30:23] Brian shares his favorite apps and the software he uses to run his business.  

Mentioned in This Episode:

Jason Hartman

Be Your Bank

Ugg

Freshii

Temple Funding  

Women Investing Network

Venture Alliance Mastermind

Landlord Academy

RealPage

Notability


Jason Hartman talks on how much he hates seeing people being ripped off in Las Vegas casinos and how casinos hurts the local economy more than helps it. He also does a case study with his long time client Joe Gocalves from Los Angeles. Joe has accumulated over 90 properties in five different markets and he shares to the audience why he chose real estate to achieve financial independence.

 


Jason begins this episode with a somber reminder of the importance of questioning authority, not taking things at face value (especially, if reported by the mainstream media) and doing your own research before coming to a conclusion stemming from his experience during the tragic terror event in Las Vegas. He then concludes his interview with a new lender, Shannon. Shannon describes new financing options available how lenders use debt-to-income ratios and who will benefit from a softening of Dodd-Frank.

Key Takeaways:

[01:12] Jason reflects on the tragic event at the Mandalay Bay hotel in Vegas.

[07:17] Meet the Masters Speaker announcement.

 

New Lender Interview Part 2:

 

[09:11] LTV ratios, rates and terms for new financing options.

[12:22] A market shift will likely only affect cyclical real estate markets.

[16:42] Bank statement loans require 12 to 24 months of an applicant's bank statements to qualify.

[19:55] Debt-to-Income (DTI) ratio explained.

Mentioned in This Episode:

Jason Hartman

Meet the Masters of Income Property Event

Real Estate Tools

Venture Alliance Mastermind


In the intro portion of the show Jason is joined by Pat Donohoe to discuss the many sides of the smoke and mirrors gambit known as Wall Street. Including the differences in the investments of the middle-class and the elites, how derivatives are used to hedge bets,  and technology as a deflationary force. During the interview, Jason speaks with a new lender, Shannon, about the opportunities available to those who have exhausted their Fannie Mae/Freddie Mac 10 property limit and for foreign nationals.

Key Takeaways:

[01:47] Details from dinner with Tim Ferriss in Austin.

[06:57] Inflation, deflation and stagnation are the three basic economic maladies.

[10:47] Asset inflation in the stock market.

[15:01] There are more derivatives in circulation than during the collapse of 2009.  

[27:30] Information for upcoming Meet the Masters and Venture Alliance events.

 

New Lender Shannon Interview Part 1:

 

[29:48] Shannon explains the LTV ratio, rates and terms of the Investor Cash Flow Program.

[36:47] New lending opportunities for foreign nationals.

Mentioned in This Episode:

Jason Hartman

Be Your Bank

Meet the Masters of Income Properties Event

Venture Alliance Mastermind


Originally aired on CW 514

Jason reads a nice letter written by Gary who toured with Jason during the Memphis Property Tour. Jason introduces a long-time client, Philip 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.


Jason welcomes client, Clay Slocum to the show. Clay is a millennial who currently has four properties in his real estate portfolio. Before buying his first property, Clay worked diligently with Oscar, his Investment Counselor, and a Local Market Specialist to play around with the numbers and he discovered his initial investment could grow exponentially. Clay shares his insights on the power of compounding interest, asset protection, and the Memphis market.

Key Takeaways:

[01:10] Jason comments on the Las Vegas terrorist attack.

[09:30] Compound interest can be a powerful tool against inflation.

[15:12] Engineers take an analytical approach to investing.

[17:22] After 18 years, $100,000 grow to 14 million.

[24:43] Jason explains a Deferred Sales Trust.

[28:39] If you are on the fence about investing talk with an investment counselor.

[39:33] Asset Protection is a complicated subject you should speak with a lawyer about.

[48:58] Resources for tax help.

Mentioned in This Episode:

Jason Hartman

Meet the Masters of Income Property Event

Real Estate Tools - Property Tracker Software

Venture Alliance Mastermind

Compound Interest Calculator


Sunday night in Las Vegas shook the town and, tragically, saw the loss of life to over 50 and caused injuries to over 400 participants at the Route91 Christian Music Festival. The deranged gunman who fired at them was shooting from the Mandalay Bay hotel, where Jason Hartman happened to be attending a meeting.

Jason took some time Monday evening to reflect on his experience as the realization dawned on him, and the other meeting attendees, that someone was shooting at people on the ground. He also talks to his friend, Larry, who stayed at the meeting a little longer and ended up being locked into the hotel and having to spend the night in the meeting room. Larry tells about the scare they received in the room, how the situation was handled, and when he was allowed to leave.

[1:13] Hearing the gunshots from the balcony of the meeting room, and the slow realization that something was horribly wrong

[5:40] The biggest terrorist attack in the US since 9/11 and the fear that the next one will be even bigger

[8:38] The moment where Larry and his meeting attendees thought the shooter was outside their door

[15:12] What happened when everyone was released and the security measures during the night

Website:

Route91 Christian Music Festival

#LasVegasShooting
#VegasStrong
#PrayForLasVegas

"I just never in my life thought I would witness some terrible tragedy like this"

Direct download: CW_891_Las_Vegas_Shooting.mp3
Category:general -- posted at: 5:53pm EST

Even though this is a 10th episode, Jason cannot help but to start the show off by talking about the current and future events which will change the real estate investment landscape. And later, Jason interviews Founder and President of the High-Performance Learning Center, Keynote Speaker, and NYT bestselling author Michael Gelb. Michael discusses key points from his books, How to Think Like Leonardo Da Vinci and The Art of Connection.

Key Takeaways:

[02:30] Age isn't what it used to be.

[09:40] The American dream of owning a home is becoming obsolete.

[14:40] 'Surban' communities are the concepts of suburban and urban joined together.  

[16:27] Boomers are choosing to rent.  

[19:31] Jason recommends some books.

 

Michael Gelb Guest Interview:

 

[23:09] The Art of Connection turns the tide on the massive tsunami of spam in our lives.

[26:14] Steps to get people to buy into your ideas and innovations.

[29:15] Treating all stakeholders with respect will bring success to your business.

[33:46] The Three Liberations.

[38:41] We are becoming more like ourselves.

[43:05] Great relationships depend on a balanced energy exchange between all participants.

Mentioned in This Episode:

Jason Hartman

Be Your Bank

The Longevity and Biohacking Show

Venture Alliance Mastermind

Meet the Masters of Income Property

Free Court Podcast

Michael Gelb


Originally aired on CW 512.

Jason invites his top investment counselor, Sara, to the show. Jason and Sara share their thoughts on the Memphis market and what potential investors might expect. Sara also lists the importance of having the right mindset when investing in a C property and Jason gives a break down on the price ranges of A, B, and C class properties on the show.


Jason welcomes Economist Mike Norman to the show to discuss Modern Monetary Theory or MMT. Mike shares examples of common misconceptions people have of the US monetary system and economy, such as the US debt clock, that inflation equals growth and how the tax system works. He believes that the US has an unlimited supply of capital and balancing the budget or functioning as a fixed monetary system would accomplish the opposite of what is needed to create growth. And, Jason announces the winner of the Amazon Echo raffle.

Key Takeaways:

[01:27] Paige Glenview is the winner of the Amazon Echo raffle.

[04:10] SkyNews clip about giving women permission to drive in Saudi Arabia.

[06:21] Meet the Masters and ADVenture Alliance event information.

 

Mike Norman Guest Interview:

 

[09:40] Modern Monetary Theory (MMT) explains the value of money.

[12:39] A tax system is required to create demand for money.

[17:31] A fixed monetary system creates cycles of economic depressions and recessions.

[19:53] The US national debt is a summation of what is owned by the US and its constituents.

[27:25] A dollar must be created and pumped into the economy before it can be used to pay a tax debt.

[29:46] The US has an unlimited amount of new capital.

[35:13] There is a difference between inflation and growth.

Mentioned in This Episode:

Jason Hartman

Meet the Masters of Income Property Event

Venture Alliance Mastermind

Michael Norman on Youtube


The US is facing a looming financial crisis. In this episode, Jason outlines six business plans the government can use to ease its inflationary pressures. Four of the plans could result in negative outcomes, while the final two plans could achieve debt repayment by way of inflation. Understanding inflation and all of its aspects are not for the light-hearted. Jason explains inflation, how the government reports on inflation and offers up some educational resources for those who want to know more.

Key Takeaways:

[04:35] Technology is changing the game in all aspects of life.

[11:15] Meet the Master's of Income Property Event is a 3-day event in January 2018.  

[14:15] Jason identifies 6 ways to deal with inflationary pressures.

[21:17] Using inflation as a tool to avoid paying debts.

[27:39] Understanding the difference between real and nominal and price and value.

[33:49] Redistributing wealth through inflation.

[40:11] The three ways the government manipulates inflation statistics.

Mentioned in This Episode:

Jason Hartman

Be Your Bank

The Longevity and Biohacking Show

Property Tracker

Real Estate Tools

Short-Term Rental Council

Amazon Echo Contest Entry

Confessions of an Economic Hitman by John Perkins


To start, Jason’s mother joins Creating Wealth to speak on the latest in the real estate market and rent to value ratios. Today’s Creating Wealth guest is Managing Director of Dandrew Partners New York, Salvatore Buscemi. Dandrew Parnters specializes in non-performing residential mortgages. Salvatore talks about why the real estate market collapsed, dealing with inexperienced investors, real estate crowd funding, and more on today’s show.


In this solo episode, Jason analyzes widespread public statistics about US home sales, the value of the US Dollar and the looming pension crisis and asks the question ‘compared to what?’ The doomsayers may not be considering all the facts when predicting the collapse of the US economy and the real estate bubble. Jason breaks down the concept of price discovery and details how it is directly impacted by the interest rate. He ends the show by scrutinizing the top-heavy economies in Europe.

Key Takeaways:

[02:33] Wells Fargo settled a class-action lawsuit for $142 million for ripping off America.

[03:34] Does social media pressure give the average consumer leverage?

[09:09] Including 'Compared to what?' information can help clarify statistics.

[12:27] The three types of home sale markets are the buyer's market, the seller's market and the broker's market.

[21:51] War as a business plan.

[23:59] The cyclical, conservatives markets aren't likely to crash.

[29:15] Price discovery is directly impacted by the interest rate.

[32:47] Single-family home sales predictions from the Mortgage Bankers Assoc. & Fannie Mae and Freddie Mac.

[38:55] Demographics & Pensions.

Mentioned in This Episode:

Jason Hartman

Property Tracker

Meet the Master’s of Income Property

Venture Alliance Mastermind

PragurU Youtube Channel


Jason shares his views of the socialistic policies adopted in Europe with regards to immigration and economics before welcoming returning guest, Nick Giambruno to the show. Nick details the problematic pension crisis and shares how it will affect state and local governments. And, he talks about how decentralized cryptocurrencies, like Bitcoin, may be the answer to taking power away from the centralized government and the current geopolitical climate.

Key Takeaways:

[02:22] The world is in a race to the bottom as people lose their critical thinking abilities.

[06:02] Communism is the biggest disaster to befall humanity.

[07:11] Lending institutions may not be responsible for the current housing bubble.

[11:30] Jason recommends two great reads.

 

Nick Giambruno Guest Interview:

 

[16:05] Nick explains the future pension crisis.

[21:14] Property taxes will go up in order to offset the pension crisis.

[24:00] Will there be a federal bailout for the state and local governments?

[25:45] Analyzing the longevity and validity of cryptocurrencies.

[35:25] The US and China may be at the beginning of a trade war.

Mentioned in This Episode:

Jason Hartman

Amazon Echo Raffle

Venture Alliance Mastermind

Meet the Master’s of Income Property

400 Things Cops Know by Adam Plantinga

After America by Mark Steyn

Casey Research

International Man


Originally aired on CW 474.

Today on the Creating Wealth show, Jason talks about some of the latest things he is up to as well as talks about an interesting opinion article published by the Washington Post. He does not have a guest for today’s show, so he does a deep dive into the real estate market and talks about why central planning never works for the home ownership market. He also gives his comments in between reading out loud the article published by Washington Post in this quick 30 minute Creating Wealth episode.


The month of October brings the 2017 tax season to a close. Jason brings Fernando and Zack on the show to showcase the organizational tools and portfolio management options available through the newly upgraded Property Tracker 2.0.

The Property Tracker software makes creating Schedule E’s, depreciation schedules and other tax forms easy as well as a robust calendar which keeps track of all of your income properties important dates.

 

You can now get tickets to the Meet the Master’s of Income Property event and the Venture Alliance Mastermind is coming up in October.

Key Takeaways:

[02:25] Was the media bummed out that Hurricane Irma didn't cause more damage?

[09:04] The Waffle House Index and Cryptocurrencies.

[16:44] Fundamentals for organizing and tracking investment properties.

[24:00] Property Tracker produces tax schedules including Schedule E and an up-to-date Schedule of Depreciation.

[27:58] Property Tracker 2.0 has updated proformas with RV ratio evaluations.

[30:24] Clarifying the statement "Every day you have a property you own and don't sell, you are buying it back from yourself."

[35:05] Organizational tips for using Property Tracker.

[39:28] Scanning with Optical Character Recognition (OCR) makes you more efficient.

[46:38] Details about the new Amazon Echo contest, the Meet the Master's event and the upcoming Venture Alliance Mastermind.  

[50:20] Free one-hour Property Tracker onboarding session with Zack for Jason Hartman clients.

Mentioned in This Episode:

Jason Hartman

Property Tracker Software

Administrator@realestatetools.com

Enter the Amazon Echo Contest

Meet the Master’s of Income Property Tickets

Venture Alliance Mastermind

Donate to Hurricane Relief Here


With hurricanes and tropical storms at the forefront of the news these days, Jason kicks off this episode by speaking with Ed Babkes about the difference in weather-related insurance policies, why investors pay more for these policies and how to eliminate the need for flood insurance for your property. And later, the second part of Doug Casey’s interview from Aspen, Colorado. Mr. Casey is a self-proclaimed Anarchist Libertarian who warns of a forthcoming economic depression in the United States.

Key Takeaways:

[01:21] A quote from Franklin D. Roosevelt about real estate.

[04:24] Ed explains the differences between weather-related insurance coverage.

[09:05] The government charged investor-owned properties more than owner occupied properties.

[12:46] Elevation certifications can eliminate the need for flood insurance for some.

[17:56] Information on the new Amazon Echo contest, the upcoming Venture Alliance, and the Meet the Master’s events.

 

Doug Casey Guest Interview Part 2:

 

[20:27] Will technology keep the US lifestyle status quo in the face of inflation?

[25:48] Governments all over the world are seriously bankrupt.

[29:18] The welfare or the warfare state?

[33:54] A good thing about the upcoming depression.

[35:30] Why Inflation is much worse than income tax

Mentioned in This Episode:

Jason Hartman

Doug Casey Interview - Part 1

New Amazon Echo Contest

Venture Alliance Mastermind

Meet the Masters of Income Property

Short-term Rental Council - Apply to be a participant  

Diamond Age by Neal Stephenson

The International Man

Casey Research

Doug Casey Books

Direct download: CW2088120Doug20Casey20Live20In20Aspen2C20Colorado20Part202.mp3
Category:general -- posted at: 8:21pm EST

Originally aired on CW 360.

Dr. Kelly McGonigal is a health psychologist at Stanford University and author of, “THE WILLPOWER INSTINCT: How Self-Control Works, Why It Matters, and What You Can Do To Get More of It.” Dr. McGonigal teaches one of the most popular courses at Stanford University called, “The Science of Willpower.” She has helped hundreds of students achieve their goals through the idea of willpower. She believes stress should be welcomed in people’s lives, thus causing greater willpower. Dr. McGonigal breaks down the science behind why we give in to temptation and how we can find the strength to resist. Find out more about Dr. Kelly McGonigal at kellymcgonigal.com.


Jason is live in Aspen, Colorado to speak with returning guest Doug Casey and to answer listener questions. Andrew wants to know how his saving can be invested using a VA loan and during the interview, Doug Casey shares his story and his predictions for the future of the US Dollar. Doug tells of a worst-case scenario for the American public if the Dollar falls in value during the battle of inflation and deflation.

Key Takeaways:

[03:52] Proformas included on PropertyTracker.com include the debt coverage ratio metric.

[13:49] The debt coverage ratio varies based on the interest rate.

[16:29] It's not the 'best' time to be a real estate investor, but's it's still pretty good.

[18:36] Andrew wants to know how to invest his savings, possibly with a VA loan.

[23:16] Meet the Masters and Venture Alliance Mastermind event information.

 

Doug Casey Guest Interview:

 

[25:12] Aspen is a perfect example of Environmental Racism.

[29:18] Doug Casey is an International Man who in search of a truly free country.

[34:24] Writing fiction gives Doug a free speech which is often frowned upon in nonfiction books.

[36:35] The United States is different than the original 'America'.

[40:13] The US controls the world's currency but it can't go on forever.

[44:05] There will be a panic in the United States when the Dollar is devalued.

Mentioned in This Episode:

Jason Hartman

Jason Hartman Properties

Property Tracker - One free hour on boarding session

administrator@realestatetools.com  

Venture Alliance Mastermind

Casey Research

International Man by Doug Casey

Direct download: CW2087920-20Doug20Casey20Live20From20Aspen2C20Colorado.mp3
Category:general -- posted at: 2:00am EST

Naresh joins Jason to discuss the devastation Hurricane Harvey caused in Houston and give the ‘all clear’ for his family who lives in the area. Then the discussion turns to how Trump’s economic plan involves devaluing the US dollar to increase trade abroad, how automation doesn’t replace jobs but creates them and the value of big data.

Key Takeaways:

[02:20] Naresh has family in the Houston area but they were not affected by Hurricane Harvey.  

[11:17] The government will be offering low-interest loans for those without flood insurance.

[13:56] Always adjust for inflation.

[17:34] Jason and Naresh review a Business Insider article about Trump and the struggling dollar.

[28:50] Automation has, so far, only taken one job away from humans.

[35:58] John Naisbitt's concept of High Tech High Touch.

[40:54] Jason reflects on the importance and value of data.

Mentioned in This Episode:

Jason Hartman

Tesla Scam

High Tech High Touch by John Naisbitt

Become a member of the Short-term Rental Council

Meet the Master’s of Income Property Event

Venture Alliance Mastermind


Originally aired on CW 487.

Jason Hartman invites his mother, Joyce, and Fernando on the show. The two guests have both appeared on the show before and have both experienced great successes in real estate investing. Joyce talks to the audience about some of the benefits of joining the Apartment Owners Association and and Fernando let’s everybody know that there’s a new product on the JasonHartman.com store called Financial Independence Day where he will do personal one-on-one consulting with you to help you achieve your dreams for financial freedom.


Jason and Investment Counselor Sara discuss the indirect impact of Hurricane Harvey in Houston. It may be one of the worst natural disasters in our nation’s history but an opportunity for rebuilding also exists. Prices will increase for commodities needed for rebuilding the area and labor will be needed in all sectors for those who were directly impacted by the storm.

 

Early bird pricing is available for the next Meet the Master’s of Income Property Event to be held in January 2018.

Key Takeaways:

[01:37] Disaster Capitalists make the most of the tragic flooding in Houston.

[05:25] A moratorium on mortgages benefits those with the most debt.

[11:09] Is it smart to buy properties on the cheap in Houston?

[12:32] How should investors handle damage to their existing properties?

[15:28] The cost of commodities always increase after a natural disaster.

[18:59] Meet the Masters of Income Property and Property Tracker offers.

[25:41] Laura wants to know how Jason's single-family portfolio homes performed during the 2008 recession.

Mentioned in This Episode:

Jason Hartman

Meet the Masters of Income Property - Early Bird pricing is available

Real Estate Tools

Property Tracker

Administrator@realestate.com - Free 1-hour onboarding session

Venture Alliance Mastermind


Drew Baker is back on the program to speak with Jason about topics that are essential to income property investors. Jason shares the core ideas behind his signature methods of Inflation-induced debt destruction and his ultimate investing equation. He also explains how the IRS’s tax code does not properly account for inflation and how it can benefit investors. There is an abundance of information in this podcast new and seasoned investors shouldn’t miss.

Key Takeaways:

[03:54] Jason announces the winner of the Amazon Echo contest.

[04:52] Find out how to volunteer for the Short-Term Rental Advisory Board.

[07:51] Peter Schiff and issues with minimum wage laws.

[15:54] The difference between concept and context.

[20:43] Governments create monopolies through regulations.

[23:49] Client's answer the question "What advice would you give yourself in 2008"?

[26:38] Direct investors notice the financial bumps more than investors in group investments.

[33:40] Drew analyzes the price of a house in gold.

[37:25] The IRS's tax code does not properly account for inflation.

[45:35] Favorable reasons to self-manage your income properties.

[1:01:53] Drew shares his income property investment history.

Mentioned in This Episode:

Jason Hartman

Be Your Bank

Short-Term Rental Council Application

Joe Rogan Experience Podcast #1002 with Peter Schiff

Ready, Fire, Aim by Michael Masterson

Meet the Master’s of Income Property Event

Women’s Investing Network Podcast #27 with Jason Hartman


Originally aired on 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.


This episode features Jason’s appearance on Elisabeth Embry’s Women’s Investing Network podcast, Jason shares his knowledge about the challenges a country can face based on demographics and immigration, how a normal business cycle and foreign investments can affect commercial real estate in cyclical markets and how the government manipulates and lies about the true inflation rate. 

Key Takeaways:

[07:16] A country's demographic challenges can limit their economic outlook. 

[12:14] Retirement is not good for people. 

[15:03] How a normal business cycle can affect commercial real estate. 

[19:37] Trump may repeal or soften Dodd-Frank, this would loosen regulations. 

[25:16] Foreign Investments distort the value of real estate markets. 

[28:24] Innovations in the banking world and payment systems are changing our financial landscapes. 

[29:55] Two ways the government manipulates and lies about the inflation rate. 

[38:23] Information for the Meet the Master's of Income Property Event in San Diego in January. 

Mentioned in This Episode:

Jason Hartman

Be Your Bank 

Meet the Master’s of Income Property Event

Women’s Investing Network Podcast #27 with Jason Hartman

Direct download: CW_873.mp3
Category:general -- posted at: 9:05pm EST

Jason welcomes Patrick Donohoe of The Wealth Standard Podcast to discuss the dirty details of pensions, insurance policies and Ponzi schemes. Jason describes the difficulties and common mistakes average retail investors make when investing in financial services. And, Pat gives a comprehensive overview of how to make the most of your existing policies in order to invest your money in the most historically-proven asset class, income property.

Key Takeaways:

[02:25] Is the US a giant Ponzi scheme?

[05:31] Understanding the difference between pension benefit plans and contribution plans is essential.

[15:15] The financial service industry preys on retail investors.

[20:49] Harry Markopolos is waiting to capitalize on a market correction.

[27:09] Analyzing the patterns and mistakes of the middle-class investor.

[35:27] The Wealth Standard Podcast focuses on helping individuals understand the comprehensive nature of the economy.

[37:49] Pat explains how policyholders can reduce their risk and get investment money for cash-flow properties.

Mentioned in This Episode:

Jason Hartman

Be Your Bank

The Wealth Standard

The Wizard of Lies

401K Jail Article

Hartman Education - Contest to win an Amazon Echo

Venture Alliance Mastermind


Originally aired on CW 458.

Jason Hartman shares an important lesson he learned from Richard Nixon and talks a little bit more about the Meet the Masters event and why you must be there. David Porter is the guest for today’s show. He has been on the show before many years ago and he updates the audience about some of the big successes he’s had with Jason’s company. Jason and David also talk about the economy, borrowing money, cool technologies, and more on today’s Creating Wealth show.


Jason welcomes income property investor Andrew Baker back to the show to chat about historical data, the future and all things financial. Capitalism is the economic driver in the US and it affords Americans with freedoms and abundances rarely available in other nations. It has allowed the sharing economy to blossom, cryptocurrencies like Bitcoin to exist and the blockchain algorithm to reinvent financial transactions. But, the government is vying to control the money supply. As history shows us again and again, investors should never bet against the Fed and should invest in the most historically proven asset class, the single family home.

Key Takeaways:

[03:55] The human brain is a cognitive miser.

[07:18] Examples of why good RV ratios are essential when buying income properties.

[16:10] The US truly is a land of abundance and we should appreciate our standard of living.

[20:51] Jason plays a Mark Steyn clip from his book After America.

[25:06] Jason comments on the clips reference to the European lifestyle as compared to a US lifestyle.

[33:01] The 'Thought Police' include companies such as Google, Airbnb, Facebook and big media outlets.

[37:44] The sharing economy is taking all the unused resources and putting them to work.

[43:44] Governments and central banks will never give up control of international money supply. [47:17] Geography is less important than it has ever been in at any other time in human history.

Mentioned in This Episode:

Jason Hartman

Hartman Education - Win an Amazon Echo by sharing your questions and comments

Meet the Masters of Income Property

After America: Get Ready for Armageddon by Mark Steyn


After his recent European travels Jason shares his appreciation for being back in the land of the abundance mindset, the great Brinks truck of the world, the US. Jason reviews a recent article regarding US home sales being at a 20-year low which contradicts guest, Harry Dent’s previous predictions. And in the reclaimed interview from 2016, Harry Dent reveals why cash-flow income property is the only vehicle to invest in to protect your assets in light of the forthcoming economic crash.

Key Takeaways:

[04:38] Jason weighs in on the European mindset of scarcity versus the US mindset of abundance.

[11:24] A USA Today article about home sales contradicts Harry Dent's previous prediction.

 

Harry Dent Guest Interview:

 

[19:07] Puerto Rico has attractive tax incentives for those looking to make a move.

[20:21] Harry claims we are in the midst of bubble-mania in real estate and other markets.

[23:02] The boring, linear real estate markets are not bubbling up like the markets along the coasts.

[25:35] Current demographic trends favor the everyday starter home.

[29:33] In Harry's book, The Sale of a Lifetime, he includes a bubble model to help investors survive the next crash.

[32:15] Harry explains his previous prediction on gold prices and his cash-flow real estate prediction for the future.

[41:02] The collapse of the Chinese real estate market will impact all of the cyclical markets they invest in.

[44:28] Harry predicts we will see the greatest financial and debt reset in our lifetime.

Mentioned in This Episode:

Jason Hartman

Be Your Bank

Hartman Education - Send your questions and comments to win an Amazon Echo

Property Tracker Affiliate Membership

Meet the Master’s of Income Property Investing

Harry Dent

Dent Research

Demographic Cliff by Harry Dent

The Sale of a Lifetime by Harry Dent


Today’s interviewee is none other than Jason’s Aunt Joan, an incredibly successful real estate investor who, together with her husband, owns more than 70 single-family homes around the Sacramento, California area. ‘Old-School’ seems to be the buzz-word of choice, but Joan talks about how she got into real estate, why she still loves it and gives some great advice about property management and keeping your tenants on side.Jason Hartman’s introduction for today’s Creating Wealth Show focuses around the notion of being an empowered investor. This is the main theme for the 2015 Meet the Masters Event, but is also a vital concept to keep in mind for all of your investment strategies.


This week’s episode was recorded in Helsinki, Finland. Jason studies the economies of all the countries he visits and believes traveling to be an important educational experience. He shares an article which supports his long-held opinion that the rental market in the US is growing by way of demographics and rising home prices. And, Jason concludes the podcast by sharing the travel packing hacks which have made his traveling to 81 different countries as simple as possible.

Key Takeaways:

[03:29] Jason encourages us to become an engaged student of life.

[07:13] The power of having a robust vocabulary.

[13:16] How to sign up for the Property Tracker Affiliate Program.

[15:59] Win an Amazon Echo for submitting your questions and comments.

[18:27] Jason reviews an article about the cost of rising home prices and what it means to rents.

[22:29] Jason has taken on the plight of the middle class.

[29:32] Travel packing hacks.

Mentioned in This Episode:

Jason Hartman

Hartman Education - Amazon Echo Raffle Entry

Property Tracker Affiliate Membership

Meet the Master’s of Income Property Investing

Venture Alliance Mastermind


Jason welcomes Gary back to the show to review current news articles which impact income property investors. Does an excess of tower cranes in an area tell a tale of a future bubble? Can you afford the rent in a large US city and still have a savings account? How does the sharing economy can make life better for consumers? And later in the show, Jason and Gary answer listener questions and Gary describes how to use a life insurance policy to make a down payment on your next income property.  

Key Takeaways:

[02:31] Jason and Gary review an article about how a tower crane can indicate a real estate bubble.

[09:53] The Income Needed to Pay Rent in the Largest U.S. Cities by Derek Miller.

[12:05] Bloomberg's article, What a London Cabbie Taught Me About Uber.

[14:00] The New Human Rights Movement by Peter Joseph doesn't look at the whole picture.

[18:37] Jason and Gary answer Derek’s question about appreciation submitted during the Airpods raffle.

[27:55] Gary explains how to borrow money from your own insurance policy to buy income properties or make necessary repairs.

Mentioned in This Episode:

Jason Hartman

Jason Hartman Properties

Property Tracker

Be Your Bank

Venture Alliance Mastermind


During this week’s episode the name of the lucky listener who won the Apple Airpod raffle is revealed and questions for the new raffle questions are disclosed.Jason shares information for the next Meet the Master’s event in 2018 in sunny San Diego, a bit about the turnkey inventory available and he ends the show with a live recording from a JHU Live event which describes the vetting process for Local Market Specialists.

Key Takeaways:

[02:18] The winner of the Airpod raffle is client Jordan Calloway!

[07:13] Sign up now for early bird pricing for the 2018 Meet the Master’s event in San Diego.

[10:49] James asks about repairing credit after a foreclosure in order to buy investment properties.

[17:33] Analyzing an area to understand what will drive a solid rental market.

[21:45] What goes into vetting Local Market Specialists.  

[26:06] Audience Q & A.

Mentioned in This Episode:

Jason Hartman

Hartman Education/Contest

Meet the Masters Event

Creating Wealth Podcast with Meredith Whitney Interview  #331


In this episode, recorded in beautiful Warsaw Poland, Jason shares an equal amount of current real estate markets stats and his origin story of starting out as a young real estate agent in California. He reminisces about the days when first-time home buyers were a-plenty and basks in the current environment in which they are staying in the rental market. He also introduces a new contest to elicit your questions about real estate investing.

Key Takeaways:

[03:18] Jason is an expert in real estate investing and packing for travel.

[05:17] Jason annotates a CNBC video clip of current real estate market stats.

[13:31] Many first-time buyers are staying in the rental market.

[19:54] The Airpods contest was so successful Jason is launching the Amazon Echo contest on its heels.

[22:51] Mike asks about Jason's favorable and unfavorable deals.

[31:09] Everybody would love to buy real estate with no money down.  

Mentioned in This Episode:

Jason Hartman

Be Your Bank

Venture Alliance Mastermind

Hartman Education/Contest

Pip Group Tax Lien & Deed Investing Scam Ep. #417


Originally aired on CW 434.

Host, Jason Hartman, uses today’s Creating Wealth Show to raise some of the issues featured in recent articles in both Forbes magazine and the Orange County Register. Following that, he gives his own opinions on topic areas such as individual organizations’ changing motives and the true key to successful real estate investment, regardless of where in the world you’re looking to invest.


Jason welcomes Venture Alliance Mastermind member Darlene Root back to the show. Darlene has become a broker for people who want to be a hand’s off or passive income investor. She describes the creative financing option known as the secondary, wrapped mortgage (it’s like a wonton with a high-interest rate). Jason isn’t convinced that this type of complex, lot’s of involved parties mortgage is a match for his valued clients.

Key Takeaways:

[02:39] Darlene describes a Sexy Secure Second Wrap Mortgage.

[12:02] Income property investors are able to offer a wrap mortgage.

[14:31] Why Jason doesn't think second mortgages are sexy or smart.

[18:55] How this option differs from a normal wrap mortgage.

[24:07] The complexities involved with these types of deals make them more trouble than they are worth.

[28:33] Financial friends are friends with benefits plus, you can trust them.  

Mentioned in This Episode:

Jason Hartman

Venture Alliance Mastermind

Contact Darlene at droot21@comcast.net


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


Originally aired on CW 320.

Jason Hartman interviews Dr. Bob Wright, co-author of Transformed! The Science of Spectacular Living and Beyond Time Management: Business with a Purpose, to talk about the science and positive results in personal transformation and finding purpose. Dr. Wright discusses identifying inner yearnings, becoming more engaged, and becoming more aware of our programming (limitations) and changing them. He explains the difference between learning and growing and how to transform our lives by rebuilding neuro pathways in the brain. He also defines the three types of happiness – hedonic, engaged and meaningful – and how to create an intimate relationship with our fears in order to transform. Dr. Wright then talks with Jason about finding deeper purpose in business, creating a more meaningful, more fulfilling experience.Dr. Robert Wright is a highly successful entrepreneur, world-class executive coach, and dynamic corporate consultant.


In this solo episode, Jason recaps the extraordinary Venture Alliance Mastermind in Chicago this past weekend and he continues to advocate for the buy and hold, long-term investment strategy of income property. It is truly the most historically-proven asset class in the world. Jason also shares pertinent real estate articles demonstrating the absolute folly of the over-priced, luxury home market and an article about the hourly wage your renters must make to afford a two bedroom home in various states in the US.  

Key Takeaways:

[01:12] Venture Alliance Mastermind wrap-up.

[04:03] $51M  Foreclosure Signals Bad News for Luxury Market.

[09:16] The opportunity cost of letting your money sleep.

[18:51] Linear, cash-flow market real estate investors should avoid trying to time the market.

[21:43] The concept of sunk cost bias influences us to stay in a bad deal.

[27:39] Refi-till-you-die leverages your property so you can take advantage of inflation induced debt destruction.

[29:59] Pet rent should be charged to tenants with pets.

[35:16] Make ready costs can be reduced long-term by using quality paints and surfaces.

[36:12] What hourly wage do you need to make to rent a two bedroom home in states around the US?

Mentioned in This Episode:

Jason Hartman

Venture Alliance Mastermind

$51M Foreclosure Signals Bad News in Luxury Market by Gina Carey

Property Tracker

Real Estate Tools


Investment Counselor and Local Market Specialist Liaison, Carrie joins Jason to see if he can correctly predict the effect the rise in interest rates will have on the US economy. Jason reminds us the Feds don’t directly impact mortgage rates but by directly impacting short-term rates all rates will be affected. For those of you who have income properties, the higher interest rates will put upward pressure on rents. And if you are looking for additional properties, be sure to get pre-approved for financing before the Oklahoma Property Tour and JHU Live event.

Key Takeaways:

[03:52] Oklahoma City has a lot of inventory available and you can see it on the upcoming property tour.

[09:13] What does the spike in interest rates mean for investors?

[15:27] Higher interest rates will put upward pressure on rents and lessen the concentration of wealth.

[19:37] Local Market Specialists and Investment Counselors are always working in the client's best interest.

[29:01] It's important to get pre-approved for financing in today's seller’s market.

[30:30] Jason hints about the location for the next Venture Alliance Mastermind.  

Mentioned in This Episode:

Jason Hartman

Grant’s Interest Rate Observer

Venture Alliance Mastermind


Originally aired on CW 343.

Tom Kraeutler is the President of Money Pit Media and Co-host of “The Money Pit,” the nation’s largest nationally syndicated home improvement radio program. He is a home improvement expert.In a rapidly improving housing market, Kraeutler discusses some home improvements we can make, which will pay for themselves in resale value. This would include upgrading home efficiency and performance.


Jason welcomes two guests to the show today. First, private lender Bill Green gets specific with available rates and financing offers available for buy and hold 30-year loans and shorter span bridge loans. He describes the differences between the options and shares and example of when each loan may be applicable for the purchase of your next property. And later in the show, Daren Blomquist returns to the podcast to give us a real estate market update and to provide some unique market data tools his company created. Supply is low and demand is high. If a property makes financial sense buy, buy, buy.

Key Takeaways:

 

[01:23] Private lenders help fill the gap between agency loans and hard-money lenders.

[05:05] Bill Green explains the financing and rates available for long-term and bridge loans.

 

Daren Blomquist Guest Interview:

 

[17:21] Home price appreciation accelerated during the 1st quarter.

[20:01] Linear markets may be morphing into hybrid markets during this period of high demand.

[25:49] Technology makes geography less and less important.

[27:41] Daren describes the Housing Affordability Index tool and the Pre-mover Index tool.

[35:45] Income Property Investors should be wary of high appreciation markets.

[37:52] Are the front lines of the real estate market backing out because they smell trouble?   

Mentioned in This Episode:

Jason Hartman

Venture Alliance Mastermind

ATTOM Data Solutions

ATTOM Home Affordability Index

RealtyTrac

Marketing List Resource from RealtyTrac


On today’s episode, Jason welcomes Investment Counselor, Oliver back to the podcast to discuss current market conditions, why it’s important to attend live events and the solid foundation of linear markets. A real estate bubble might be right around the corner in expensive cyclical markets but if your portfolio includes a smart mix of linear and hybrid market properties you will ride the wave and continue to grow your wealth no matter what the economic climate. Be sure to check the Creating Wealth Show’s back catalog of episodes for more information about the 10 Commandments of Successful Investing.

Key Takeaways:

[05:08] When new clients see the monthly cash flow their income properties create they get hungry for more properties.

[07:33] An example of how to get rich on linear market properties; breaking down the benefits.

[14:19] Attending live events like the Oklahoma City JHU event, Property Tours and the Venture Alliance allows you to meet like-minded investors.

[17:58] Current market conditions are making property inventories tight.

[23:20] Real estate investors must combine their capital with persistence to make money.

[29:09] Buy and hold real estate investments are still on good solid ground with good rent to value ratios.

[31:02] Expensive new construction properties act like a hybrid even in a linear market.

[33:29] Jason recommends the book, Outwitting the Devil.

Mentioned in This Episode:

Jason Hartman

Venture Alliance Mastermind

Outwitting the Devil: The Secret to Freedom and Success by Napoleon Hill


Originally aired on CW 819

When 18 out of 20 valuation sources say the S&P is radically overvalued, it might be true. Most of you know never to invest in the stock market (unless you are an insider) but just in case, Jason shares a table with some astounding estimations of how overvalued the S&P is. And a local market specialist joins us from Oklahoma City to describe the benefits of investing in the primarily new construction market there. He says that a dollar stretches further, tornadoes have moved East and it’s a landlord friendly market.


Jason has left the most expensive city in the US, NYC, and is enjoying fly over state pricing once again. The meat of this episode is a recording of a Creating Wealth Live session which focuses on inflation. We all know inflation is right around the corner as it is the only way the government can get out of the current economic climate. Inflation will erode our purchasing power, our stocks, our savings and the rich will get richer. Investing in Income Property is your best weapon against the forthcoming inflationary increase.

Key Takeaways:

[02:54] Using a movie or Broadway play can get the attention of the political left.

[06:29] Investors should align their interests with the government and the powers that be.

[09:18] The Venture Alliance Mastermind in Chicago and the Oklahoma City JHU Live and Property Tour.

 

Creating Wealth Live Clip

 

[10:42] The 6 ways the government is likely to inflate themselves out of a mess.

[12:54] Understanding inflation in all of its forms.

[15:53] The political left uses the guise of compassion and the right uses the guise of fiscal responsibility.

[17:57] The government imports a deflationary force.

[21:53] All the bills Americans need to pay are increasing while the price of ‘wants’ is going down.

[25:39] How does income property counteract inflation?

Mentioned in This Episode:

Renter’s Warehouse - Get 3 free months of property management with this link.

Jason Hartman

Venture Alliance Mastermind

Hartman Education


Client and fellow podcaster, Elisabeth Embry joins Jason to discuss the importance of coming to the live events, finding the true value of your properties and what happens when interest rates rise and inventories are low. The upcoming Venture Alliance and Oklahoma City Property Tour and Jason Hartman University Live events are a great way to meet like-minded people who are income property investors. You can share your creative ideas with Jason or any of the investment counselors at these events and there are tried and true professionals who share their real life experience on the panels. Go to JasonHartman.com/Events and sign up today.

Key Takeaways:

[03:13] In a booming real estate market nobody is making money if they don't have any inventory to sell.

[06:48] The quality of properties lowers when property inventories are limited.

[09:31] Puerto Rico, are the tax breaks worth the risk?

[16:04] Zillow could be getting sued for their Zestimates.

[23:14] A Trulia article states houses haven't reached the pre-recession peak.

[27:14] To see properties that make sense come to the Oklahoma Property Tour and Jason Hartman University Live Event.

[30:19] Will there be three rate hikes by the Federal Reserve in 2017?

[35:22] Sarbanes-Oxley had very little effect on Wells Fargo thievery.

[40:23] If you are a Jason Hartman client and want to contribute to a mutual project or goal contact your investment counselor.

Mentioned in This Episode:

Renter’s Warehouse - Get 3 free months of property management with this link.

Jason Hartman

Venture Alliance Mastermind

Hartman Education

The Jetsetter Show

Women Investing Network


Originally aired on CW 267.

Despite the grim, doom-and-gloom events occurring in our world today, emerging technologies will make it possible to overcome challenges and bring about significant abundance. Jason Hartman interviews Steven Kotler, co-author of the book, “Abundance,” also co-authored by Peter Diamandis.

Steven talks about the four forces bringing about abundance, explaining how improvements and new developments in communication technology have already brought many people around the globe out of poverty by bringing more and more brilliant minds online. Medical technology advances will make it possible to diagnose illnesses and disease from home, without incurring the costs of physician and lab fees. People may soon be able to pick IBM’s supercomputer Watson’s brain online for free. There have been huge advancements in online education technologies.


Jason is in the big apple, New York City, for this 10th episode show. He is definitely not looking for income properties as the Hartman Risk Evaluator said there were no good rent-to-value ratios to be found there.  

 

Jason’s welcomes author William Poundstone to tell us about his new book, Head in the Cloud: Why Knowing Things Still Matters When Facts are So Easy to Look Up. Mr. Poundstone is also the author of the New York Times best-selling books, Fortune's Formula: The Untold Story of Scientific Betting System that Beat the Casinos and Wall Street, Priceless: The Myth of Fair Value and How to Take Advantage of It and Gaming the Vote: Why Elections Aren't Fair and What We Can Do About it.

Key Takeaways:

[04:11] Income property is the 'ideal' multi-dimensional asset class but there are others.

[07:28] Corporate raiders would creatively acquire a company and part it out akin to income property investors today.

[12:29] The upcoming Venture Alliance Mastermind in Chicago includes an appearance by Mish Shedlock.

 

William Poundstone Interview:

 

[17:22] William explains the premise of his latest book, Head in the Cloud.

[21:13] Having a general knowledge of baseline facts and the Dunning-Kruger effect have humbling assets.

[23:38] The larger a person's vocabulary is akin to their ability to think.

[27:22] How does America stack up on the map of ignorance?

[29:53] Americans will vote for judges with less ethnic sounding names if they don't know the candidates.

[36:01] The Kelly Formula informs a user of the optimal amount you should be putting on each bet or investment.

Mentioned in This Episode:

Renter’s Warehouse - Get 3 free months of property management with this link.

Jason Hartman

Venture Alliance Mastermind

Hartman Education

William Poundstone


Jason and guest, Bob Filner take part in a jovial tete-a-tete about the Trump Administration, how  the remiss government regulators are towards financial institutions and the reinvention of the democratic party. As the former House Committee Chairman on Veteran’s Affairs, Bob Filner tackled Jamie Dimon and JP Morgan by threatening to press charges for their unethical treatment of military personnel by foreclosing on their mortgage loans. Mr. Filner was also the Mayor of San Diego and this interview comes on the heels of the release of his new book, Trumping Trump: Making Democrats Progressive Again.

Key Takeaways:

[03:18] Retargeting keeps people in a perpetual state of stale.

[14:44] The Venture Alliance Mastermind and the Oklahoma JHU Live and Property Tour will include the micro and macro benefits to income property investing.

 

Bob Filner Interview:

 

[17:51] Bob Filner shares the purpose behind his book, Trumping Trump.

[20:19] Will the Tobin tax discourage trading and betting on non-asset based investments?

[23:13] Bob would like to rebrand the democratic party as the party of the working people.

[25:11] Bob threatened Jamie Dimon and JPMorgan for foreclosing on military personnel's home while they were serving in active duty.

[31:13] It is pathetic how easily you can buy justice.

[32:05] Does the financial system need less or more regulation?

[42:14] The problem with the Trump administration as Bob Filner sees it.

[47:20] Trump's policies could have a devastating affect on the US economy.

[49:16] What benefits the American worker more jobs and higher pay or low cost imported goods?  

Mentioned in This Episode:

Renter’s Warehouse - Get 3 free months of property management with this link.

Jason Hartman

Women’s Investing Network Podcast

Trumping Trump: Making Democrats Progressive Again by Bob Filner

REPREF51@gmail.com

Venture Alliance Mastermind


Originally aired on CW 536.

The debt crisis in Greece is proof that Socialism doesn’t work. Can you imagine camping out in front of an ATM only to be turned away? We need to be responsible. Socialism has never worked. Investing in long term, stable rental properties is the proper way to create and grow wealth. Make a decision on a material fact with us. Should the family have been notified about a stalker before they bought a house? And we go way back to the 1970’s when Jimmy Carter warned that the world’s oil was almost gone and the U.S. should invest in new technologies. Is the oil gone and do new energy sources have environmental sins of their own?


This episode is very telling about the current and future state of the current US economy. Jason welcomes Tempo Funding Managing Director Mike Zlotnik to the show to discuss the what factors gave rise to and will ultimately tank the economy. As listeners to this program, you know real estate is the best class to hedge against inflation but if you also invest with institutional investors it may be time to fold your hand and become your own decision maker.

 

The Oklahoma City JHU Live event and Property Tour also includes a special panel of experts who will share their stories and answer your questions.

Key Takeaways:

[03:30] Yield rate and Cap rate compression defined.

[08:01] After the 2008 crash the deal flow was abundant.

[10:04] Institutional investors get rewarded for deploying capital, not finding the best deal.

[15:04] Inflation is here and markets are softening.

[20:44] Stagflation is a bizarre scenario but it is likely to happen.

[29:19] Investors must prepare for the worst-case scenario.

[30:51] Tempo Funding provides short and long-term hard money lending.

Mentioned in This Episode:

Renter’s Warehouse - Get 3 free months of property management with this link.

Jason Hartman

Venture Alliance Mastermind

Rent Control Movie

Tempo Funding


Jason welcomes fellow investor and client Gary Pinkerton back to the show. Gary describes his experiences with tenant turnover, how he reduces costs by using durable replacement materials and some preventative measures he uses to ensure tenants are satisfied in his properties. Gary and Jason also discuss the benefits of two-year leases with built-in rent increases and how immersing yourself in the investor culture (by attending Venture Alliance and JHU’s) can make you the best investor you can be.

 

Visit JasonHartman.com to sign up for July’s  Oklahoma Property Tour and Jason Hartman University event and join the Venture Alliance to attend the upcoming Mastermind in Chicago.

Key Takeaways:

[02:08] Free market economics makes America is the land of abundance.

[06:30] How to reduce "tenant turn" without spending a lot of money with Gary Pinkerton.

[12:32] Two-year leases with built in rent increases.

[14:27] Management companies commonly keep late fees much like a payday loan business.

[20:09] How to minimize the cost of tenant turnover and make your property durable.

[27:11] A service like Home Advisor is an inexpensive way to self-manage.

[34:45] Gary will attend the Venture Alliance in Mastermind in Chicago and JHU and Property tour in Oklahoma.

Mentioned in This Episode:

Renter’s Warehouse - Get 3 free months of property management with this link.

Jason Hartman

Women Investing Network (WIN)

Home Advisor

Real Estate Tools

Property Tracker

Venture Alliance Mastermind


Originally aired on CW 284.

Private equity is a type of investing where you deploy capital in companies privately rather than in the public market. Here to talk about this subject with Jason Hartman is David Carey, author of King of Capital, and senior writer for “The Deal.” David explains the various forms, including injecting money into companies to help them grow faster, and the most common form, a leverage buyout (LBO).


Jason welcomes William Cohan back to the show. William is a columnist for the New York Times, a special correspondent for Vanity Fair, he formerly contributed to Bloomberg View and he is the author of Why Wall Street Matters, The Last Tycoons and House of Cards.

 

William shares his views on the Trump administration, why Donald has had a hard time draining the swamp and who really is to thank for the low unemployment rate and the steady economy.

Key Takeaways:

 

[02:18] Location still makes a difference when pricing hotel rooms in Monaco.

[04:42] Doom and gloom predictions have been incorrect since the 70's.

[10:38] Jason's advice for his investors is to get richer and do it quickly.

[12:39] New forms of transportation and the sharing economy make it an amazing time to be alive.

[15:34] Oklahoma City Property Tour/JHU live and Venture Alliance event details.

 

William Cohan Guest Interview:

 

[17:58] The Trump administration, leverage and cleaning out the gears of the machine that is the US economy.

[24:09] A grand bargain with Wall Street would mean revamping much of its incentive system.

[27:25] Draining the swamp is harder to do than it looks.

[30:08] What we should expect out of the economy and employment.

Mentioned in This Episode:

Renter’s Warehouse - Get 3 free months of property management with this link.

Jason Hartman

Real Estate Tools

Property Tracker

Venture Alliance Mastermind

William Cohan


Jason starts things off with a brilliant app idea you can use to create a micro-business with. Then, he gives real life examples of the capabilities of disruptive technologies and how they will affect all future endeavours. All of these examples show the true value of income property investing because land can not be duplicated. There is only so much of it. Whether it’s the algorithms that run Wall Street, Bitcoin and other cryptocurrencies or mining commodities from asteroids there is no equal to a linear, long-time buy and hold single family home.

 

Be sure to join Jason for the upcoming Venture Alliance Mastermind in Chicago and sign up for the Oklahoma City JHU Live event and property tour. Ask you investment counselor for details.  

Key Takeaways:

[03:11] Feel free to make a billion dollars with this brilliant business idea from Jason.

[12:01] Will Bitcoin surpass $2000 before gold surpasses $2000.

[18:54] Income property is an asset class which is difficult to disrupt.

[21:45] The theory behind the Hartman Risk Evaluator.

[22:57] The price of commodities is based on scarcity.

[25:13] Invest in something that becomes more valuable with technology, like the autonomous vehicle.

[27:53] Jason shares his thoughts on a Wall Street Journal article about QUANTS.

[31:46] The JHU membership program offers discounts on events.

[35:44] An article about avocado toast and millennials.

Mentioned in This Episode:

Renter’s Warehouse - Get 3 free months of property management with this link.

Jason Hartman

Longevity and Biohacking Podcast

Real Estate Tools

Property Tracker

Venture Alliance Mastermind


Originally aired on CW 245.

Jason Hartman interviews author, Amity Shlaes, about her book, “The Forgotten Man: A New History of the Great Depression.” Franklin D. Roosevelt spoke of the forgotten man as the man at the bottom of the economic pyramid, the poor man, the homeless man. Miss Shlaes explains that there is another forgotten man, the taxpayer, based on an algebraic description by William Graham Sumner.