Fri, 29 June 2018
CW 1020 FBF - The Four Purposes of Life, Finding Meaning & Direction in a Changing World & Way of the Peaceful Warrior, A Book That Changes Lives
Today's Flash Back Friday comes from Episode 640, originally published in February 2016.
Jason starts things off with his thoughts on cycles of opportunity, autonomous cars, and information about how you can win free tickets to the next JHU event. The JHU event will highlight how to evaluate properties for the most historically proven asset class in the world. And returning guest, Dan Millman who is the author of 17 books, talks about his new book “The Four Purposes of Life”. He shares his special life calculator which utilizes the numbers from your birth date to enlighten you about your life path. This information can help guide you on your journey.
[4:32] The opportunity cycle when supply exceeds demand requires sorting
[10:00] The autonomous cars will be virtually everywhere, it’s a game changer
[14:45] The problem with statistics
[18:57] Land contract options available
[21:15] Evaluating properties at the next Jason Hartman University Live event
Dan Millman Guest Interview:
[24:25] Writing The Four Purposes of Life
[26:29] What are the Four Purposes of Life?
[28:56] Purpose #4 - Attend to the arising moment
[34:15] Increase your quality of presence
[35:55] Purpose #1 - Learn the lessons of life a little more gracefully
[39:51] Purpose #2 - The difference between your career and your calling
[43:04] Purpose #3 - Discover life’s path
[47:45] All of my books have their own purpose
[48:25] 12 required courses in the school of life
Wed, 27 June 2018
CW 1019 - Leveling the Tax Playing Field, Inflation vs Technology, Popular (Stupid) Economic Ideas, Improve Your Quality of Living
Jason Hartman has a solo episode today as he explores some recent news stories and examines a few items of the day. Venturing all over the topics, Jason mulls over why it's pretty common for the most popular economists to have the worst economic ideas (a la Karl Marx) and why the best economic ideas have the most disliked economists. Which leads to the question, what stupid ideas are we as a society embracing today?
He also discusses the Supreme Court ruling that will somewhat level the field of retail as online retailers are now able to be taxed by the states, giving at least some form of a light at the end of the tunnel for retailers.
Other topics of the day include the cost of terrorist protection, technology vs inflation, preventing identity theft, and the potential beginning of the demise of a massively overvalued (in Jason's mind) company.
[4:54] The economists who present the best economic views are not the most popular
[7:39] What totally stupid ideas are we embracing as a society today?
[13:08] One massively overvalued publicly traded company today
[16:39] The tax field was significantly leveled last week
[21:14] The battling forces of inflation and technology
[24:22] Why you need to shred EVERYTHING with a cross cut shredder
[26:45] If you can geoarbitrage, make a conscious choice to live in a higher quality location with a lower cost of living and low or no state income tax
[32:57] The demographics coming at the rental housing market in the next 10 years are nothing short of phenomenal
Mon, 25 June 2018
Today's episode is all about jobs. Jobs that are vanishing to be precise. Jason Hartman takes a look at a Business Insider article that discusses 41 jobs that are disappearing in today's world. Not surprising, many of them involve middle men/women.
Then Jason finishes his interview with Ben Way, CEO of Digits, about how technology (robots in particular) will be changing the way we think of things throughout our society, from dating to working, to risk aversion. Information is more available than ever before, is that actually holding us back?
[3:47] Real estate investing is really just investing in packaged commodities
[8:31] One of the jobs that is going away is Executive Secretaries and Executive Admin Assistants, and why it matters to real estate investors
[13:09] Technology makes it easy to disintermediate, leading to middle man jobs going away
Ben Way, Part 2
[18:59] How do the logistics and hard drives of robots work?
[22:10] The plethora of information is making kids more risk averse
[25:51] The two things we get wrong when it comes to education
Fri, 22 June 2018
CW 1017 FBF – Why Income Property is the Most Tax-Favored Asset Class with Diane Kennedy, CPA & NY Times Best-Selling Author
Today's Flash Back Friday comes from Episode 491, originally published in March 2015.
Jason invites Diane Kennedy on the show to talk about taxes and how to save you money. Diane is an experienced CPA and helps her clients all over the world with their taxes, accounting, and investing. The main subject of today's focus is why you should get real estate professional status, the benefits it provides, and what you need to do in order to qualify.
2:40 – The government takes a big cut whenever you sell stocks and precious metals, but that doesn't happen with income property
7:40 – Diane explains what the charitable remainder trust is
13:05 – There are three tests you need to qualify in order to get the real estate professional status
20:00 – What is the an aggregation election? Jason explains
29:50 – If you have a property manager, it's going to be hard for you to qualify. It is best in this case to self-manage your properties
34:15 – This stuff is complicated! Get advise from a good CPA and attorney before it's too late
36:00 – Why do you even want to get real estate professional status? Jason breaks it down
42:30 – The government wants you to own property. They are even incentivizing you for it
Wed, 20 June 2018
CW 1016 - Danger of Short-Term Trends, Turn Your Credit Card Into a Cryptocard, & Future of Artificial Intelligence with Digits Ben Way, Part 1
Jason Hartman starts off the show by discussing alligators, both real life ones and real estate ones, and how we need to avoid both. As we go through life, it's easy to look back and say "If only I'd invested then", so the current you should invest for the sake of future you.
Then, Jason talks with Ben Way, CEO of Digits, about how the future is going to look in the first part of their interview. The two start off discussing how Digits is going about turning regular credit cards into Cryptocards that allow you to spend your cryptocurrency but also hedge that purchase for a year. Then the two discuss the changes that automation is going to bring to our society.
[2:07] A trivia fact about real alligators, and avoiding real estate alligators
[5:07] The short term trends are what gets people, because you have to allow for 2-3 years
[10:19] Naresh's realization that real estate was a worthy investment
[14:11] Invest for your future because there will be a time that you will say "I wish I'd started back then"
Ben Way Interview, Part 1
[18:40] How Digits converts your existing credit cards into crypto cards and gives you up to a 1 year hedge on your currency
[21:55] How the 1 year hedge is made possible
[26:10] Every innovation leads people to fear that everyone was going to lose their job and be displaced, but it's never really happened. Is this time different?
[29:42] What people forget about automation
Mon, 18 June 2018
CW 1015 - Suburb Revival, Lack of Home Inventory, Triggers for the Next Business Cycle Recession & Boomerang Buyers with Matthew Gardner, Part 2
Jason Hartman begins today talking about a recent article on Globe St that discussed the 7 ways Generation Z will impact the commercial real estate world. Jason also discusses how it also impacts residential real estate.
Then Jason finishes his interview with Matthew Gardner, Chief Economist at Windermere Real Estate. The two discuss the lack of home inventory and why the loosening of credit regulations isn't going to impact home sales as much as some are hoping. Then they also delve into millennials trying to afford homes and WHERE they can actually afford to live.
[3:58] Education is the shortest distance between poverty and wealth
[6:56] Generation Z is going to bring the suburbs back
[12:27] What the shift back to suburbs will do to companies
Matthew Gardner Interview:
[16:58] It's taking a credit score of 740 to get a mortgage loan these days, but even if more people become eligible there's no inventory
[20:09] Factors that could trigger the next business cycle recession and what the next recession might look like
[24:27] Who are the "Boomerang Buyers" and how might they impact the single family rental rate growth?
[24:18] Millennials are having a hard time saving up for a down payment and are asking for a loan from the bank of Mom & Dad
[27:04] Milennials want to live in the "exurbs" in townhomes, but home prices are pushing them out further
Fri, 15 June 2018
Today's Flash Back Friday comes from Episode 692, originally published in June 2016.
This episode starts out with an introduction on buy downs and then finishes up with a live recording of Jason’s session on SWOT aka Strengths, Weaknesses, Opportunities, and Threats, as they apply to the most historically proven asset class in the world. Jason explains why the imperfection and fragmentation of the U.S. real estate market make it a beneficial investment vehicle and why it outperforms Wall Street and stocks every single time.
[2:50] What is a buy down?
[8:34] Looking at a real life example of points and how they affect your loan amount.
[16:07] Should you buy a rate down or is it better to put more money down?
[22:59] Why Wimpy from Popeye was a fantastic economic teacher.
[25:38] Real estate is a fragmented investment class but this is why it’s a good thing.
[38:59] Weaknesses of income property include property management and rent collection.
[41:45] Regression to replacement cost is different than appreciation.
[46:10] What are some threats to income property values?
Wed, 13 June 2018
CW 1013 - Facebook Data Mining, New Home Development, Regulatory Impact on Home Prices & Millennials Trying to Buy Homes with Matthew Gardner
Jason Hartman starts off the show giving President Trump credit where credit is due, and that's in regards to the summit in Singapore with North Korea. Trump has been able to get them to the negotiating table, which no other US president has been able to accomplish. Then, Jason gives a little warning about one of the scariest companies in the world today, Facebook.
In the interview portion today we have the first half of Jason's interview with Matthew Gardner, Chief Economist at Windermere Real Estate. The two discuss what's going on in the macro US economy, what's going on with home inventory levels, some of the easiest ways to lower home prices, and the Millennial's (mostly futile) quest to save up for a down payment. Part 2 of the interview will air tomorrow.
[2:31] Give credit where it's due, Trump got the meeting with North Korea, that's historic
[8:45] All the (scary) ways Facebook is gathering your data
Matthew Gardner Interview:
[13:42] What's Matthew's take on what's going on in the macroeconomy
[16:30] What's going on with new home development? Will there be any break in inventory shortgage?
[20:43] The easiest way to lower home costs and ease the inventory crisis is by easing regulatory burdens
[24:18] Millenials are having a hard time saving up for a down payment and are asking for a loan from the bank of Mom & Dad
[27:04] Milennials want to live in the "exurbs" in townhomes, but home prices are pushing them out further
Mon, 11 June 2018
In today's episode, Jason Hartman is joined once again by Financial Survival Network's Kerry Lutz. The two discuss some important news coming out of Washington these days, and that's the continued dismantling of the Dodd-Frank Act. As you know, Jason has long believed that the election of Trump would lead to this, and now it appears to be picking up steam as Obama holdovers are being replaced by Trump's people.
Jason & Kerry also turn their attention to the importance of protecting yourself from identity theft, as identity theft recently left one woman in jail for 7 weeks until she could prove herself innocent.
[4:45] Big data still gets confused
[5:49] How can you protect yourself from identity threats?
[9:03] Your phone is probably your biggest threat for identity theft
[13:15] There are some things you HAVE to know if you're going to self-manage
[15:57] The latest news on Dodd-Frank
[20:42] Changes are taking place under Trump's new appointment Mulvaney
[22:22] Why these changes are good and bad for real estate investors
Fri, 8 June 2018
Today's Flash Back Friday comes from Episode 746, originally published in November 2016.
This episode focuses on the opportunities which exist when self-managing an income property. First, Jason reviews a Business Insider article regarding dwindling investment property inventories. And later in the podcast, Jason is joined by Bill, who helps manage Fernando's Atlanta and Texas properties. Bill discusses the steps necessary when self-managing income properties. He shares how to show a property using software tools, leasing a property to a new tenant and how to have tenants facilitate repairs and maintenance issues.
[3:00] Unpacking the Business Insider Article: Pending Home Sales Jump Despite Painfully Tight Housing Market by Bob Bryan.
[4:08] If you are on the fence about increasing your income property portfolio do it in hybrid markets.
[7:29] Real estate is a game of staying power.
[18:00] The ways Jason is working to empower his investors and arm with them with exceptional management tools.
[19:26] Bill’s work history makes him uniquely qualified to handle Fernando’s property management requirements.
[22:51] How to use Rently lockboxes when self-managing properties.
[27:14] Making a property rent-ready and contacting contractors through handiman websites.
[28:56] Tenants have a vested interest when working with contractors to fix or maintain properties.
[31:53] When a property is self-managed tenants to take more responsibility for the property.
[35:42] Property Management Software does most of the back-office work for you.
[37:12] What is required when leasing a property to a tenant?
Mentioned in This Episode: