Creating Wealth Real Estate Investing with Jason Hartman

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


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