Creating Wealth Real Estate Investing with Jason Hartman

It's time for Jason Hartman to have a good, old fashioned discussion on property management. This time, however, there are THREE sides at the table.

In one corner is Jason's mom, Joyce, who is an EXTREME do-it-herself self-manager. In another corner is Drew, who has always been with a property management company and isn't ready to step into the self-management world. And in the final corner is Jason, with his method of a hybrid model.

Listen in as these three discuss concerns, strategies, and tips for property management, no matter which road you decide to go down.

Key Takeaways:

[2:06] Photos from Meet the Masters are up, don't forget to download yours! Join Jason for a bucket list trip to the Icehotel - Sweden in April and don't forget to register for the Jason Hartman University event in San Jose.

[7:51] The hardest part of Jason's business is property management

"Sometimes it's better to delegate, I admit, but sometimes it's better to just do things yourself"

[10:16] Drew's properties in Indianapolis were A builds, but after the Great Recession they're in C+ neighborhoods now

[13:05] Jason's hybrid self-management practice

[17:00] Where Joyce gets access to running credit reports and everything she needs to do to screen tenants

"The longer you have that tenant, the less hassle you have with that tenant"

[21:58] The most important thing you need to communicate to your tenant about rent

[27:52] Property managers have inherent conflicts of interest

[29:48] How Joyce gets her property ready for the next tenant

[32:26] Questioning pricing can frequently lead to dramatic reductions in price

"Don't be afraid to make deals with your tenants, a lot of times they want to improve the property"

Websites:

www.JasonHartman.com/Photos

www.JasonHartmanIceHotel.com

www.JasonHartman.com/Events

Direct download: CW_951_Joyce_Drew.mp3
Category:general -- posted at: 5:04pm EDT

Jason Hartman kicks off the episode discussing some self-management tips and what's going on with the new Fed chair.

Then, in his 10th episode interview, Jason talks with serial entrepreneur Peter Sage, author of 5 Keys to Master Your Life, about his recent 6 month stay in jail and how he was able to use that as a teaching (and learning) experience for himself, the inmates, and his students.

The two touch on the importance of identity, the need for ego strength & ego drive, what drives people, and more.

Key Takeaways:

Jason Intro:

[1:44] Remember, self-management doesn't have to be forever. Transferring to a property manager, if needed, takes no time

[2:39] Meet the new Fed chair, same as the old?

Peter Sage Interview:

[6:53] Peter's latest "adventure" that landed him in jail

[11:19] Identity plays a huge part in how you deal with life

[17:10] Peter's idea of a "contrast frame"

[19:27] Why do people give up at the first sign of adversity? The difference between ego strength & ego drive

[21:37] Most people are driven by G.O.O.P.

[26:01] We need to learn how to love more

Websites:

www.PeterSage.com

Man's Search for Meaning by Viktor Frankl

Direct download: CW_950_Peter_Sage.mp3
Category:general -- posted at: 10:07pm EDT

Today's Flash Back Friday comes from Episode 634, from February 2016.

Investing in income properties or single family homes is the most historically proven asset class.

We start out with the Venture Alliance Group in Dubai and later Naresh asks Jason investment related frequently asked questions about commercial and residential real estate properties, about single family homes, how the need for housing is never outsourced to another country and how the oil surplus is affecting US oil towns. Real estate investment income property is the most historically proven asset class. Real estate properties should be looked at in a market by market basis and when looking for you first or next creative deal make certain you can trust the person you are dealing with. When choosing a partner make sure they have tenure in real estate investing. They should already have a comprehensive network of investors and local market specialists in place before you trust them with your money.

Key Takeaways:

Dubai Intro:

[1:44] Gary Pinkerton joins us in Dubai

[3:49] Get out of the stock market and into cashflow investing

[7:03] You want those around you to inspire you and make you accountable

[8:20] The reluctant investors lament & to stay focused on market rent

Investor Question’s with Naresh:

[11:51] Is renting a waste of money?

[21:43 Defining commercial and residential property

[24:44] Large investors need to invest their money into something

[28:18] All of Naresh’s businesses have parts which are outsourced overseas

[30:54] Getting ripped off when trying to buy properties and creative opportunities

[32:39] Is deflation a huge threat to the United States?

[37:14] Real estate income property should be looked at on a local market basis

[38:00] How will “oil exploration” cities deal with the current oil surplus

[40:39] The problems in the energy corridor of Houston

Mentions:

Hartman Media

Jason Hartman

Hartman Education – Meet the Masters Course

Venture Alliance Mastermind

Voxer – JHart88

Tweetables:

If you have a lot of capital to invest you may get lower return on your investment.

Depreciation tax benefits are 25% better on residential property than commercial property.

Stay away from investing in one horse towns. If the city isn’t diversified in business one blow could be its final one.

Direct download: CW_949_FBF_Commercial_vs_Residential.mp3
Category:general -- posted at: 9:05am EDT

Jason Hartman finishes up his conversation about asset protection with Garrett Sutton. The two delve into the external threats to your portfolios this time, looking at how to properly protect your properties if lawsuits come toward you.

Garrett also explains when you would want to take an LLC over a corporation, what states are best for protecting you, what actions are being taken to weaken LLCs across the nation, and why doing more than the law stipulates can be a very good, very easy thing.

Key Takeaways:

Jason Intro:

[2:25] Photos from Meet the Masters are up at www.JasonHartman.com/Photos

[3:15] Join the Icehotel trip at www.JasonHartmanIceHotel.com

[5:03] The next Jason Hartman University event is in San Jose, go to www.JasonHartman.com/Events

Garrett Sutton Interview:

[7:18] Two areas where Jason sees real estate creating liabilities for the owner: fair housing and safety

[11:34] The external threat is the biggest threat for your assets

[13:34] Breaking down Slide #6

[17:41] What you need when you domesticate a judgement

[19:49] It's a good idea to have yearly meetings for your LLC even if your state doesn't require it

[22:00] States that have good asset protection for LLCs and corporations

[24:08] Why an LLC over a Corporation

[27:46] Some states are not providing asset protection for single member LLCs

[31:46] Garrett's $100 off deal for Jason's listeners

Website:

Get Garrett Sutton’s Slides here

www.JasonHartman.com/Properties

www.CorporateDirect.com

Direct download: CW_948_Garrett_Sutton_2.mp3
Category:general -- posted at: 4:49pm EDT

Jason Hartman wanted to make sure that the practice of asset protection is understood by every investor, because it can make or break your portfolio if done wrong.

As such, he invited Rich Dad Advisor Garrett Sutton back on the show for a long, in-depth interview. We'll finish it up tomorrow with the second half, but today the two discuss the inside/outside attack on LLCs, discuss which states have weak and strong LLC protections, and how to protect your properties properly.

Key Takeaways:

[4:13] The impact of controlling the money

[7:45] How music has impacted societies around the world

[10:30] Want to go to the Icehotel in Sweden with Jason?

[12:58] The inside attack versus the outside attack

[16:41] California has the weakest asset protection laws in the union

[18:47] Why Wyoming LLCs can protect your other LLCs better than any other state

[23:21] If you have your state LLC inside a Wyoming LLC domesticated in your state, which state rules apply?

[25:31] Why is it called an "Armor 8" strategy and when is it a good choice?

[30:24] How the Wyoming LLC provided a win for a car wreck causer

Website:

Get Garrett Sutton's Slides here

Direct download: CW_947_Garrett_Sutton1.mp3
Category:general -- posted at: 4:22pm EDT

Jason Hartman wanted to make sure that the practice of asset protection is understood by every investor, because it can make or break your portfolio if done wrong.

As such, he invited Rich Dad Advisor Garrett Sutton back on the show for a long, in-depth interview. We'll finish it up tomorrow with the second half, but today the two discuss the inside/outside attack on LLCs, discuss which states have weak and strong LLC protections, and how to protect your properties properly.

Key Takeaways:

[4:13] The impact of controlling the money

[7:45] How music has impacted societies around the world

[10:30] Want to go to the Icehotel in Sweden with Jason?

[12:58] The inside attack versus the outside attack

[16:41] California has the weakest asset protection laws in the union

[18:47] Why Wyoming LLCs can protect your other LLCs better than any other state

[23:21] If you have your state LLC inside a Wyoming LLC domesticated in your state, which state rules apply?

[25:31] Why is it called an "Armor 8" strategy and when is it a good choice?

[30:24] How the Wyoming LLC provided a win for a car wreck causer

Website:

Get Garrett Sutton's Slides here

Direct download: CW_947_Garrett_Sutton1.mp3
Category:general -- posted at: 4:22pm EDT

Jason Hartman takes the reins for a whole episode, discussing how peer-to-peer interactions are disrupting industries all across the economy, how blockchain is now even infiltrating dating, and the government shutdown. He also shares the 10 biggest ICOs of 2017, which shows the amazing amount of money that's entering the cryptocurrency world, and also the movement for the 51st state in the US.

Key Takeaways:

[3:17] A big thanks to intra-preneurs

[5:51] Cryptocurrencies are up against the most powerful forces humanity has ever known

[7:22] Blockchain is now being used for bedroom activities

[11:40] The disruption caused by Napster and programs like it, and how it impacted its industry

[13:36] 10 biggest ICOs of 2017

[17:43] The government shutdown is expensive administratively speaking

[19:06] The movement for a 51st state

[26:18] California has the highest poverty rate in the US

[28:46] Check the Meet the Masters app for speaker slides that have been updated

Website:

www.JasonHartman.com/Properties

Direct download: CW_946_Jason_Hartman.mp3
Category:general -- posted at: 3:45pm EDT

Today's Flash Back Friday comes from Episode 285, from November 2012.

Jason Hartman and Karl Deninger, author of Leverage and his blog, “The Market Ticker,” get together to discuss the economic structural imbalances around the world. Karl started “The Market Ticker” to warn investors about impending ruptures in the stock market after he figured out the illegal methods happening in the tech boom and crash that left many of his friends bankrupt.

He stresses the importance of knowing how we got where we are today and offers solutions to actually put the system back together on a sustainable basis. In his book, Leverage, Larry explains the problem in that all geometric systems are unsustainable for the long term, such as Medicare/Medicaid, trade deficits, deflation from productivity, deflation of fiat money, and much more.

Mr. Denninger is the former CEO of MCSNet, a regional Chicago area networking and Internet company that operated from 1987 to 1998. MCSNet was proud to offer several "firsts" in the Internet Service space, including integral customer-specified spam filtering for all customers and the first virtual web server available to the general public.

Mr. Denninger's other accomplishments include the design and construction of regional and national IP-based networks and development of electronic conferencing software reaching back to the 1980s.He has been a full-time trader since 1998, author of The Market Ticker (http://market-ticker.org), a daily market commentary, and operator of TickerForum, an online trading community, both since 2007.

Direct download: CW_945_FBF_Karl_Denninger.mp3
Category:general -- posted at: 12:25pm EDT

Jason Hartman and investment counselor Carrie take a look back at Meet the Masters 2018. The two discuss some of their big takeaways from the weekend, including property management tips, mortgage sequencing, internal and external threats, and lending practices.

Key Takeaways:

[5:48] The Local Market Specialists gave some good insight into their markets

[9:56] Journey Captured was worth the expense

[13:09] A little tension in your relationship with your property manager is a healthy thing

[16:17] Sometimes you have to take leadership, even if you have a property manager

[20:48] The amazing statistic of mortgage sensitivity

[23:21] You have to understand the difference between internal and external threats, and the first step in asset protection

[29:15] The strategy in borrowing and why Jason likes the lenders in his network

Website:

www.JasonHartman.com/Properties

Direct download: CW_944_Carrie_MTM_Wrapup.mp3
Category:general -- posted at: 10:19pm EDT

The 20th Meet the Masters of Income Property is in the books!
Thanks to all who came to this amazing event to learn and
expand your network. It was truly an awesome event thanks to
the speakers and the guests.

Listen in on some clips of our speakers from the 3rd day.
Sunday featured Jason Hartman, Brian Smith (founder of Ugg
Boots), Gary Pinkerton, the Moneyball Economist Andrew Zatlin,
lender Aaron Chapman, a lender panel with Aaron and Joe, an
investment counselor panel, and a Q&A with Jason's mom and
aunt!

Enjoy this wrap-up and we hope to see you at the next Meet the
Masters.

Key Takeaways:

[3:10] Brian Smith

[8:35] Gary Pinkerton

[14:23] Andrew Zatlin

[20:00] Aaron Chapman

[25:08] Lender panel

[33:32] Jason Hartman

[42:18] Investment Counselor panel

[44:00] Joyce & Aunt Joan

[46:57] The reluctant investor lament

Website:

www.JasonHartman.com/Properties

Direct download: CW_943_MTM_Day_3.mp3
Category:general -- posted at: 5:27pm EDT

The second day of Meet the Masters is in the books, and what a
day it was!

Jason Hartman kicked off the day with a brief talk about the
ulimate investing equation, then we heard from Dr. Ron Paul,
Garrett Sutton, John Burns, Ken McElroy, Ryan Schellhous, the
local market specialists, and Danielle DiMartino-Booth.

Listen in as these great minds share their insights about real
estate, liberty, and the markets with you.

Key Takeaways:

[1:05] Jason Hartman

[5:16] Congressman Dr. Ron Paul

[13:40] Garrett Sutton

[18:45] John Burns

[22:16] Ken McElroy

[33:56] Danielle DiMartino-Booth

Website:

www.JasonHartman.com/Watch

Direct download: CW_942_MTM_Day_2.mp3
Category:general -- posted at: 3:09am EDT

The first day of Meet the Masters has concluded, with an amazing, jam-packed day of presentations and panel discussions. Get a taste of the day with these snippets from some of our speakers and panel members.

Hear Jason's views on mortgage increases and ownership rates, Quad Cities demographic breakdown, Pat Donohoe's Human Capital Statement, lender insights into down payment and getting loans
for a non-working spouse, getting insurance in Florida, the dynamics of the Memphis market, important questions to ask your turnkey providers, home buying tendencies and more in this wrap-up of the first day!

Website:

www.JasonHartman.com/Watch

Direct download: CW_941_MTM_Friday_Wrap.mp3
Category:general -- posted at: 2:13am EDT

Today's Flash Back Friday comes from Episode 610, originally published in December 2015.

Our Meet the Masters of Income Property event is coming up soon and to start prepping for the affair Garrett Sutton introduces us to his topic of discussion for the event, asset protection. We talk about his new book and strategies for protecting your assets.

During the guest interview, Emily Filloramo helps us to unlock the fear and shame which may be holding us back from being the best we can be. She describes how childhood traumas may have a lasting effect in our business and personal lives. We need to recognize our negative self-talk and analyze our personal protective systems.

Key Takeaways:

Garrett Sutton Intro:

[2:23] Asset protection advice from someone who knows the business

[4:09] The State of California is the worst place to do business in the U.S.

[7:11] What is your asset protection strategy?

[8:47] Series LLC’s

[10:16] Garrett has 10 books including 6 in the Rich Dad Advisor series and his new book

[12:04] Meet the Masters of Income Property, extra tickets are available

[13:04] Venture Alliance Mastermind meeting is in Dubai - Get your tickets now

Emily Filloramo Guest Interview:

[15:00] Pieces of ourselves which hold us back

[17:27] Going deeper to identify the part of you which is afraid of success

[18:52] People live through a mask especially in their 20’s and 30’s

[21:15] Feeling shame and not belonging at a young age

[23:47] Arrogance is a sign people are hiding shame

[25:18] Understanding psycho-spiritual healing

[28:44] Is it safe for you to reach a goal is a question which identifies negative self-talk

[31:07] A Nelson Mandela quote

[33:05] Self-sabotage in the face of fear

[36:36] Analyzing your protective system

[40:41] Contact information for Emily

Mentions:

Garrett Sutton

Finance your own Business - Garrett Sutton

Jason Hartman

Venture Alliance Mastermind

How to Permanently Erase Negative Self-Talk So You Can Be Extraordinary

Be More Extraordinary

Emily@bemoreextraordinary.com

Direct download: CW_940_FBF_Emily_Filloramo.mp3
Category:general -- posted at: 8:00am EDT

Jason Hartman starts today's show with some final notes about Meet the Masters, which starts on Friday. There's some things you need to know in regards to availability after the event, social media opportunities at the event, and a special something being done with the Creating Wealth podcast at the event.

Then Jason talks with Barry Habib, renowned mortgage industry executive and founder of MBS Highway, about what to expect in the mortgage world in 2018. The two discuss why the media doesn't seem to get real estate, why real estate appreciation doesn't have to match stock market appreciation, mortgage tax deductions, and how the Roe v Wade decision actually impacted a housing bubble.

Key Takeaways:

Jason Intro:

[6:16] Get your Meet the Masters tickets now. There may be a product to get the speeches after the event, but it won't include Ron Paul

[9:22] Jason will no longer call California the "Socialist Republic of California", but Californians have one person they really need to lean on for relief

[12:55] The hashtag for Meet the Masters will be #JHLive

Barry Habib Interview:

[14:18] Is Barry still bullish the US real estate market?

[18:23] The power of leverage, when a 6% return can dwarf 20%

[22:12] The interest you pay for your house goes to the lender, but the principle is STILL YOUR MONEY

[24:37] How much Barry expects mortgage rates to rise in 2018, and how it impact appreciation

[25:42] Why aren't people taking the mortgage tax deduction?

[27:23] The bullish sentiment is the highest it's been in about 20 years

[31:33] How Roe v Wade led to a housing bubble

Website:

www.JasonHartman.com/Masters

www.JasonHartman.com/Watch

www.MBSHighway.com


"Builders are not keeping up with household formations and household formations are going to continue to rise"

"The mortgage paydown should be considered positive cash flow, that's really what it is"

Direct download: CW_939_Barry_Habib.mp3
Category:general -- posted at: 8:00am EDT

Jason Hartman kicks off the episode talking with someone who's about to set a new standard at the Meet the Masters conference this weekend. Journey Captured, a Journey tribute band, will be performing Saturday night at the first ever Meet the Masters Concert. Jason talks with Bass player Giorgio Tupanjanin about his musical training, why he plays Journey, and what to expect at the concert.

Then Jason finishes his client case study with Sue & Gary Pinkerton. This time Sue offers some tips on self-management, the frustratingly fragmented (yet helpful) nature of real estate investing, and why you can't consider anything a passive investment.

Key Takeaways:

Jason Intro:

[1:59] A Journey tribute band will be playing at Meet the Masters

[3:50] Why Journey for a tribute band?

[6:28] Is jazz music one of the most technical styles out there?

[9:51] How Journey found their current lead singer

Pinkerton Case Study:

[15:16] Sue's tips on self-management

[18:52] The fragmented nature of single family real estate investing is frustrating

[22:13] There is NO SUCH THING as a passive investment

Websites:

www.JasonHartman.com/Masters

www.JourneyCaptured.com

Direct download: CW_938_Pinkerton2.mp3
Category:general -- posted at: 8:57pm EDT

Jason Hartman starts off today's episode discussing the amazing effect of inflation on assets in all markets. Then he turns his attention toward the upcoming Meet the Masters of Income Property event and gives a little taste of what he'll be discussing (hint: core beliefs investors need to have), as well as why there will be a whole host of Local Market Specialists at the event.

Then Jason goes into the first part of his client case study with Gary & Sue Pinkerton. The two give Jason a lot of background on why they're investing in real estate, why they continued investing even when their initial property went horribly awry, the way (and reason) they went about their mortgage sequencing, and how they picked the markets they're currently in. Part 2 will be aired tomorrow.

Key Takeaways:

Jason Intro:

[3:26] Apple's new code release for their old Lisa computer technology, which would have been a $24,700 desktop today, which shows the power of inflation

[6:26] Jason will be discussing the core beliefs that we all need to have as investors at Meet the Masters

[8:26] What Gary fails to mention at the start of his client case study

[11:02] There will be an abundance of Local Market Specialists at Meet the Masters, so you can meet the people you're working with

Gary & Sue Pinkerton Client Case Study:

[17:15] Gary & Sue's first property did NOT start off well

[22:05] It's crucial to listen to your wife's intuition

[25:57] How Gary & Sue decided to split up their mortgages and why

[29:06] Why Gary & Sue picked the markets they're in today

Websites:

www.JasonHartman.com/Masters

www.JasonHartman.com/Properties

Direct download: CW_937_Pinkerton.mp3
Category:general -- posted at: 9:48am EDT

Jason Hartman has a special announcement for everyone attending (or considering attending) the 2018 Meet the Masters of Income Property. 

This year there won't be a paper schedule, but an app that tells you everything that's going on at the event. Make sure to check your email for the link to download the app before the event.

Also, Jason thanks all the entrants to the 5-year plan, get ready to see some of them at Meet the Masters, and announces the winner of the contest for 2 tickets to Meet the Masters.

Website:

www.JasonHartman.com/Masters

www.JasonHartman.com

 

Direct download: CW_MTM_Announcements.mp3
Category:general -- posted at: 10:14pm EDT

Today's Flash Back Friday is from Episode 638, originally published in February 2016.

Jason shares his real life rise in wealth story and it all started with an income property seminar.

This is a great episode for anyone you know who is just starting out in investing. It leaves little doubt that investing in income properties with a buy and hold strategy is the way to gain wealth. Jason describes the basics to Brian Bain, a stock market investor, and fellow podcaster. He shares examples of how 30-year mortgages on single family homes are a not only a multi-dimensional asset class but also a tax write-off. If you want to hear a concise, easy to understand overview of how to make money in the complicated U.S. financial market, this is the show for you.

Key Takeaways:

Jason’s Editorial:

[1:58] Ben Bernanke and Yogi Berra quotes

[3:21] Investors must align their interests with Central Bankers

[7:22] Arbitrage – Exploiting the differences in things as a real estate investor

[10:43] Jason Hartman University Live Event in Salt Lake City, Utah

[11:56] Vacation rental properties in the Orlando market, yes or no?

Brian Bain interviews Jason for his “Investor in the Family” podcast:

[17:15] His story – Jason started in real estate when he was just a teenager

[23:36] Income property is a multi-dimensional asset class and a tax write-off

[27:46] A lender cannot sue you if you have a non-recourse loan on a property

[31:40] 6 ways the government will deal with underfunded entitlement programs

[35:10] Investors should align their interests with governments and banks

[37:39] Inflation redistributes wealth better than taxes

[40:00] An example of how thousands of people gained wealth from single family homes

[49:21] Anything without income is not really an investment

[51:07] Long term investments are definitely the way to invest your money

Mentions:

www.JasonHartman.com/Properties

Investor in the Family Podcast

1984 – George Orwell

Tweetables:

“Did you know a lender cannot sue you for default if you have a non-recourse loan on a property?”

“Banks and governments, we don’t like them but aligning your interests with them is the way to wealth.”

Direct download: CW_936_FBF_Brian_Bain.mp3
Category:general -- posted at: 9:14am EDT

Today's Flash Back Friday is from Episode 638, originally published in February 2016.

Jason shares his real life rise in wealth story and it all started with an income property seminar.

This is a great episode for anyone you know who is just starting out in investing. It leaves little doubt that investing in income properties with a buy and hold strategy is the way to gain wealth. Jason describes the basics to Brian Bain, a stock market investor, and fellow podcaster. He shares examples of how 30-year mortgages on single family homes are a not only a multi-dimensional asset class but also a tax write-off. If you want to hear a concise, easy to understand overview of how to make money in the complicated U.S. financial market, this is the show for you.

Key Takeaways:

Jason’s Editorial:

[1:58] Ben Bernanke and Yogi Berra quotes

[3:21] Investors must align their interests with Central Bankers

[7:22] Arbitrage – Exploiting the differences in things as a real estate investor

[10:43] Jason Hartman University Live Event in Salt Lake City, Utah

[11:56] Vacation rental properties in the Orlando market, yes or no?

Brian Bain interviews Jason for his “Investor in the Family” podcast:

[17:15] His story – Jason started in real estate when he was just a teenager

[23:36] Income property is a multi-dimensional asset class and a tax write-off

[27:46] A lender cannot sue you if you have a non-recourse loan on a property

[31:40] 6 ways the government will deal with underfunded entitlement programs

[35:10] Investors should align their interests with governments and banks

[37:39] Inflation redistributes wealth better than taxes

[40:00] An example of how thousands of people gained wealth from single family homes

[49:21] Anything without income is not really an investment

[51:07] Long term investments are definitely the way to invest your money

Mentions:

www.JasonHartman.com/Properties

Investor in the Family Podcast

1984 – George Orwell

Tweetables:

“Did you know a lender cannot sue you for default if you have a non-recourse loan on a property?”

“Banks and governments, we don’t like them but aligning your interests with them is the way to wealth.”

Direct download: CW_936_FBF_Brian_Bain.mp3
Category:general -- posted at: 9:14am EDT

Jason kicks off the show with a reminder for Meet the Masters, along with some quick tips for property owners about pet rent, your property manager, and running the numbers before purchasing your property.

Then Jason Hartman talks to Meet the Masters of Income Property keynote speaker John Burns, CEO of John Burns Real Estate Consulting, about how the autonomous car is going to change the look of cities, what a "surban" is, and why the 1980s is "the sharer" generation. The two also go into a more in-depth look about what kind of markets there are in the United States, and which hybrid markets may be on their way down.

Key Takeaways:

Jason Intro:

[5:05] A quick tip on pet rent

[7:58] Pay attention to your property managers

[9:37] Look beyond cash flow when evaluating properties to purchase

[11:37] Returns shrink as markets become more sophisticated

[13:28] Get some good photos of your home right when you purchase

John Burns Interview:

[17:36] Amazon's search for a second headquarter location, and where John thinks it will be

[20:19] How John classifies markets

[22:48] Hybrid markets like Austin and Dallas are seeing way more growth than they normally do in cycles, and why Austin's best days may be behind it

[24:17] The world is shifting more toward suburban apartments, being driven by local money

[26:53] The definition of "surban"

[32:00] The nickname for those born in the 1980s is "the sharers"

[35:01] The impact of autonomous cars

Websites:

www.JasonHartman.com/Masters

www.JasonHartman.com/Contest

www.RealEstateConsulting.com

"The more perfect the marketplace, the less opportunity is available"

Direct download: CW_935_John_Burns.mp3
Category:general -- posted at: 11:44am EDT

HAPPY NEW YEAR!!! 2017 is in the rear view mirror and we're meeting 2018 straight on. Jason kicks off the show discussing scalable business models, the impact of rising interest rates in 2018 and the bubble economy we're in now. There will be a lot more in-depth coverage of these issues at Meet the Masters of Income Property in 2 weeks!

Then, Jason Hartman talks with Danielle DiMartino-Booth, author of FED UP! and founder of Money Strong, about her thoughts on the new tax reform bill, whether the corporate repatriation will improve the economy, cryptocurrency, the US shrinking labor force and more.

Key Takeaways:

Jason Intro:

[1:59] The best business model in the music world

[7:25] What we'll be seeing as interest rates creep higher in 2018

[12:36] It's easy to suggest that we live in a bubble economy

Danielle DiMartino-Booth Interview:

[16:11] Danielle's thoughts on the new GOP Tax Reform

[19:40] Share buybacks have slowed, why is that important?

[22:20] We have no idea what the unwind of the biggest experiment in monetary policy will look like

[25:12] Why the biggest bubble out there today is the confidence bubble

[26:06] Danielle's opinion of the cryptocurrency world today

[28:38] The best comparison for the cryptocurrency mania we see today

[31:57] The United States has had a shrinking work force for 20 years now

[32:52] We have GOT to change our education system so we can be competitive on the global stage

[35:01] Some bullet points about what Danielle will be discussing during her speech at Meet the Masters

Websites:

www.JasonHartman.com/Masters

www.JasonHartman.com/Contest

www.DiMartinoBooth.com

www.Twitter.com/DiMartinoBooth

Tweets:

So much of this tax law depends on unicorns existing that I just don't know how much faith we can put in it

2017 has been a record run rate for quantitative easing globally

You can't tell me that anything is a storer of value that can lose 25% in a week

Direct download: CW_934_Danielle_DiMartino_Booth.mp3
Category:general -- posted at: 9:00am EDT

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