Creating Wealth Real Estate Investing with Jason Hartman

Jason Hartman starts off this backward show with guest Scott, who's an attorney who will be speaking at the upcoming Profits in Paradise about asset protection. The two explore the benefits of a Series LLC and some best practices for asset protection. Then Jason goes solo and discusses where wage growth is happening in the US (and where it's not), and how trade wars and interest rates are connected right now.

Key Takeaways:

[3:25] What is a Series LLC and how can it benefit a real estate investor?

[6:43] The best asset protection you can get defeats lawsuits before they even start

[11:45] What kind of things will Scott be presenting in Hawaii?

[17:57] The first part of asset protection is financial privacy

[20:24] Real wage growth in Hispanic homes was more than 2x other households

[25:22] Looking at rent paid like your tenant was your employee

[28:18] The only linear market in the top wage increase list is Colombus, OH.

[29:40] Trade wars are keeping interest rates lower

Website:

www.JasonHartman.com/Properties

Profits in Paradise

Jason Hartman's Alexa Flash Briefing

The PropertyCast

Direct download: CW_1057_Asset_Protection.mp3
Category:general -- posted at: 4:11pm EDT

Today's Flash Back Friday comes from Episode 705, originally published in July 2016.

Live events offer investors an opportunity to meet other investors who are successful using the long-term buy and hold strategy, to hear about real life examples of the acquisition process and to learn the tips and tricks which can make an investor’s life easier. This episode is full of useful information which is framed around real client questions including what were Jason’s biggest mistakes.   

Key Takeaways:

[11:00] Why did Jason choose real estate for his career of choice?

[13:19] Buy cash flow properties which make financial sense the day you buy them.

[19:35] Should you keep your property managers on a short leash by adding discretionary measures to your contract?

[26:56] What was the biggest mistake Jason made and how did it affect his life?

[34:02] Live events are a loss leader for us but they are beneficial for clients.

[36:18] Phoenix, Arizona is the site of the new event which includes a Q & A panel discussion and a best practices for acquisition example. 

[41:09] What are the top 3 qualities a real estate investor should possess or develop to be successful with the buy and hold strategy?

Mentioned in This Episode:

Jason Hartman

Jason Hartman University

JHart88 on Voxer

Direct download: CW_1056_FBF_Oliver.mp3
Category:general -- posted at: 4:06pm EDT

Today's episode features Jason Hartman himself explaining the dangers of identity theft and how it's changed over the years. We all know that sometimes our credit card numbers get stolen, but it's gotten much more sophisticated than that these days. Jason also explores the maladies that impact all economies and what the Fed is saying about our economy today.

Key Takeaways:

[4:24] Identity theft is much, much more than just financial theft

[9:18] It's easier to engage in identity theft and financial fraud than committing physical crimes

[16:37] What is money?

[20:22] The 3 basic maladies that happen in an economy throughout history

[24:10] The Fed tells us what to expect moving forward (hint: it's higher rates, slowly)

[27:05] When wage growth will start worrying the Fed & where Jason thinks you can look to see what inflation is really doing

[32:40] Will the Fed overdo it?

Website:

www.JasonHartman.com/Properties

Profits in Paradise

Jason Hartman's Alexa Flash Briefing

The PropertyCast

Direct download: CW_1055_Jason.mp3
Category:general -- posted at: 5:45pm EDT

Jason Hartman takes aim at some important news in today's episode. The episode begins with a look at the first real wage increase in years, and how that may impact interest rates moving forward. Then Jason discusses his idea of "Economic Berlin Walls", jobless claims, communism vs capitalism, "Personal Keynesianism", and jobless claims.

Key Takeaways:

[1:18] Wage increases are contributing to rising interest rates

[3:39] The trade wars impact on interest rates

[8:14] Looking back at the times in his life when he was financially strapped, Jason realized that consumer goods used to be WAY more expensive than today

[12:17] Housing price increases are slowing

[15:04] States are building "Economic Berlin Walls" to try and keep their residents for tax purposes

[17:45] Jobless claims have hit a 49 year low

[22:45] Karl Marx, indirectly responsible for the death of 150+ million people thanks to his communist ideas

[28:19] Globalism may have hurt the American worker more than anything else

[36:25] "Personal Keynesianism": Where you prime your own pump by having access to easy credit

Websites:

www.JasonHartman.com/Start

Profits in Paradise

Jason Hartman's Alexa Flash Briefing

The PropertyCast

Direct download: CW_1054_Jobless_Wages_Prices.mp3
Category:general -- posted at: 4:22pm EDT

Today's Flash Back Friday comes from Episode 812, originally published in April 2017.

To start the show, two clients who bought properties at the Creating Wealth Seminar and Memphis Property Tour tell their stories of why they do business with Jason’s company. And, later a recording from the Venture Alliance Mastermind in Las Vegas with Jeff. Jeff details how he creates balance in his life and has a successful career.

Key Takeaways:

[1:27] Adam bought his 9th property during the Memphis Property Tour.

[4:32] A client who likes doing business with Jason’s organization because they provide a one-stop shop.

Las Vegas Venture Alliance Recording

[10:24] Jeff breaks things down into quarterly and daily goals.

[13:04] How Jeff strategically forms his 4 key goals.

[18:22] Meditation is a key component of successful people’s lives.

[22:23] The importance of teaching and growing every day.

[26:13] Choosing to create a leader, not a doer.

Mentioned in This Episode:

Jason Hartman

A Tale of Two Brothers Podcast

Venture Alliance Mastermind

Profits in Paradise

Jason Hartman's Alexa Flash Briefing

The PropertyCast

Direct download: CW_1053_FBF_Venture_Alliance.mp3
Category:general -- posted at: 12:00pm EDT

Jason Hartman spends today discussing the future climate of home supply and mortgage rates as we move into a world of higher rates and greater inflation. Jason sees a future that involves more Adjustable Rate Mortgages (ARMs), people unwilling to sell because they aren't willing to give up their low interest rate, and how the housing market could become even more stagnant.

Then Adam talks with one of the lenders from the network to discuss where rates are today, if the Fed raising rates will impact investors, what things might impact rates in the next few months, and more.

Key Takeaways:

[2:56] Labor unions don't have the same cause/need today as they did when they were created and were desperately needed. Today we see technical tyrrany

[4:58] The popularity of Adjustable Rate Mortgages is set to increase

[8:25] An interest side effect to the way housing inventory and rate play out together

[12:10] Investors with mortgage assets are about to be seriously aided by Inflation Induced Debt Destruction

[14:58] Long low rate mortgages leads to a stagnant market with less price discovery because people don't want to give up their rates

Adam's Mortgage Minutes:

[19:35] Rates right now are in the high 5s

[24:04] The rise of quantitative tightening

[28:24] Any news items expected that could impact rates in the next 1-2 months?

Website:

www.JasonHartman.com/Properties

Profits in Paradise

Jason Hartman's Alexa Flash Briefing

The PropertyCast

Direct download: CW_1052_Mortgages.mp3
Category:general -- posted at: 12:00pm EDT

Jason Hartman has a check in for this client case study with Drew. Drew recently took charge of 6 homes in the Indianapolis market to self-manage, and has a nice story of increased profit to accompany it. After adjusting rents to meet market prices and getting rid of management fees and the like, Drew has been able to increase his monthly cash flow by around $1,300.

Drew explains to Jason how he's formed relationships with his tenants that have been incredibly helpful to his bottom line, the software he's using for management, and how much time it's actually taking him per month to manage his properties.

Key Takeaways:

[3:12] Where Drew has started self managing and why

[7:15] Drew put money into his property but came out ahead financially

[12:47] Always remember that your tenants are your customers

[18:07] Drew has raised his income by over $1,300 a month since he started

[23:37] How much is Buildium and why did Drew choose it?

[26:13] How much time per property is Drew spending a month? How long does a rent ready take?

[34:51] Just because you start self-managing doesn't mean you always have to. If you change your mind there's always another option

Website:

www.JasonHartman.com/Properties

Direct download: CW_1051_Drew.mp3
Category:general -- posted at: 2:47pm EDT

Today's Flash Back Friday comes from Episode 560, originally published in August 2015.

If you are in control of your life your kids do not talk back to you, you tell the waiter your food is subpar and you believe in every single word you say. If the aforementioned doesn’t ring true for you then you need to “grow a pair” and get your house in order. If you decide not to tell someone they are stealing your time and money at your business then by default you are condoning it. Larry believes you are providing people a service by telling them the truth. They need to experience the failure and the pain in order to allow them to learn from their mistakes. Keeping quiet doesn’t help anybody. 

Key Takeaways:

Jason’s Editorial:

 

[4:56] Is this the beginning of the economic meltdown

Larry Winget Interview:

[8:07] Entitlement is the biggest enemy to our society

[8:59] People need stronger opinions and need to stand up for them

[9:44] Living on the edge is what gets one into history books

[10:50] The “I have a pair” test 

[12:16] If you put up with something you condone it

[12:50] If you want to do the other party a service speak up about crappy service

[13:54] Peale’s “ruined by praise than saved by criticism” quote

[14:57] Ground your opinion and refuse to create drama

[16:14] I provoke people on purpose 

[17:33] Which is better having rabid fans or rabid enemies

[19:35] I can count on my haters, they buy my products 

[20:28] Numbness is a caused by a of lack of confidence in a speaker's’ faith in what they say 

[21:51] Businesses can grow a pair by refusing to tolerate thieves or 20% of their employees

[23:27] We expect more out of our government than we expect out of ourselves 

[25:21] Being in the middle is a safe place but it’s no fun

[27:12] Honest and open communication isn’t welcome in a world of political correctness

[28:44] I respect all opinions on my social media page 

[30:38] It’s not about changing somebody else it’s always about yourself

[32:49] Kid’s need to experience failure and friends need the truth

Direct download: CW_1050_FBF_Larry_Winget.mp3
Category:general -- posted at: 4:07pm EDT

Jason Hartman and Doug take today's episode as a chance to look at some key happenings in our world today. By now you've heard Jason discuss how there's a softening in prices at the top of the housing market that is likely to slowly trickle down into other price ranges, but Doug says there's another metric to look at that's also telling us a recession is headed our way.

With stocks on a 10 year run, we know it can't stay this way forever. Jason and Doug look at whether the US investor's propensity to demand immediate gains by companies may be hurting us against our foreign competitors. They also look at the upcoming Profits in Paradise event and what's happening in the short-term rental market.

Key Takeaways:

[2:07] Doug says there's a better sign of an upcoming recession aside from an inverted yield curve

[5:34] Trickle up poverty

[8:46] The rich have resources in the hard times (helping them get richer), the poor get hurt by them

[11:56] We're now on a 10 year run in the stock market, how much longer can we go?

[15:53] Asia's long term view for companies could be a problem for instant gratification that the US is plagued with

[19:14] Long economic expansions makes people forget that counterparty risk is real

[23:49] This housing slowdown is starting at the top and will work its way down

[26:36] What Doug is excited about for Profits in Paradise

[30:48] Where is all the additional demand for hotels and short-term rentals coming from?

[33:04] The best strategy for short-term providers

Website:

www.JasonHartman.com/Events

www.JasonHartman.com/Properties

Jason Hartman's Alexa Flash Briefing

The PropertyCast

Direct download: CW_1049_Doug.mp3
Category:general -- posted at: 5:32pm EDT

Today's show features Jason Hartman discussing some of the main stories in the news today. The first story is one of the reasons Jason created Commandment #3 (Thou Shalt Maintain Control), the next is a potential sign of a market slowdown from none other than the scandal plagued Wells Fargo, then the potential return of risky loans. Finally we wrap it up with a story on how California might make it even more expensive to live there.

Key Takeaways:

[2:09] Forgetting Commandment #3 can often be an expensive lesson and the biggest Ponzi scheme in the world

[6:52] Always think of opportunity cost when you have money sitting around

[12:20] A potential sign of a market slowdown from Wells Fargo

[16:49] The housing market is slowing from the top down and hasn't hit the type of homes that Jason's network sells

[20:44] Are banks starting to push risky loans?

[26:07] California is considering changes to Prop 13 and home requirements, which Jason believes would be devastating for real estate holders

Website:

Profits in Paradise

Jason Hartman's Alexa News Briefing

The PropertyCast

Direct download: CW_1048_Jason.mp3
Category:general -- posted at: 3:39pm EDT