Creating Wealth Real Estate Investing with Jason Hartman

Today's Flash Back Friday comes from Episode 994, originally published in May 2018.

Jason Hartman wants to prepare you for the coming revolution. The self management revolution is coming, and it's time to see if you're up for the challenge. There are things that you need to do before you take the plunge, and Jason outlines some of them here.

Then, Jason talks with CEO of the NHP Foundation, Richard Burns, about the affordable housing crisis in the United States. The current method of creating affordable housing isn't working for anyone, but Richard thinks there's a way that it can be solved that benefits all parties.

Key Takeaways:

[2:34] The coming revolution of self-management

[5:36] Drew's first taste of self-management

[7:45] Some steps to take before going full self-management

[11:09] Freddie Mac's new program

[15:23] Join Jason for his events in Philadelphia and New York, www.JasonHartman.com/Events

Richard Burns Interview:

[17:45] What solutions are available for affordable housing?

[20:38] The two components of real estates value

[22:20] We are nowhere near meeting the affordable housing demand, so what do we do?

[26:17] Where did the high paying, real careers go that made people end up in careers that were meant to be stop-gap jobs?

[28:25] What does Richard's non-profit do?

[31:59] Richard's thoughts on rent control

[33:51] What the Baby Boomer survey showed

Website:

www.NHPFoundation.org

Direct download: CW_1336_FBF_Richard_Burns.mp3
Category:general -- posted at: 5:00pm EST

On this Thanksgiving Day, Jason makes note on some things he has in his life that he is most thankful for. It's important that we take time to make note of these in our hectic lives. So in today's shortened episode that's exactly what we're doing.

Website:

www.JasonHartman.com

5 Things You Should Be Grateful For Today!

Direct download: CW_1335_Thanksgiving.mp3
Category:general -- posted at: 5:00pm EST

Jason Hartman and Adam join forces today to discuss a big development in the mortgage market. Fannie Mae/Freddie Mac conforming loan limits are being increased again, this time to over $510,000, which will have substantial impacts on the housing market overall.

Later, Adam talks with one of the network lenders about where interest rates are today and what a weakening economy in 2020 might put them in a few months.

Key Takeaways:

[2:11] Fannie Mae and Freddie Mac are increasing the conforming loan size to over $510,000

[7:03] Conforming loan limit increases generally lead to home price inflation

[10:54] The higher loan limit might impact hybrid markets more than cyclical

[14:57] Insights from Voxer messages left by listeners

[18:33] Technology is increasing the value of our properties

Adam Mortgage Minutes:

[24:57] Current rates for a $100,000 property with 20 or 25% down

[28:22] How might rates react if we see weakening in the economy that some are predicting in 2020?

[30:08] Mortgage starts don't seem to be slowing down for investors

Website:

www.JasonHartman.com/Properties

Direct download: CW_1334_Adam.mp3
Category:general -- posted at: 5:00pm EST

Jason Hartman has another client case study, this time with 26 year old Jaden Zubal, an associate wealth strategist at Paradigm Life. Jaden started attending events when he was 22 or 23 and recently got into the real estate game by purchasing properties in Jacksonville, FL and Memphis, TN.

Jason and Jaden discuss how Jaden decided that new construction was the way for him, what market he likes for his next as he diversifies geographically, and how the 10 Commandments of Real Estate Investing have helped him along the way.

Plus, check out the link below and you can get a free audio and digital copy of Heads I Win, Tails You Lose by Pat Donohoe, as well as a complimentary consultation with Jaden.

Key Takeaways:

[2:45] Good news for Texas property owners

[4:42] Housing inventory is even worse than we thought

[7:43] The average home listing price in America is $312,000

Jaden Zubal Client Case Study:

[10:31] Jaden attended his first Meet the Masters in her early 20s

[13:33] Which of Jason's commandments Jaden has found most useful in his investing journey

[16:24] The 2 things Jason believes Maslow left out of his hierarchy of needs

[18:50] The first 2 tiers of safely growing your money and keeping it protected

[23:46] Student loan debt is creating a generation of people feeling pessimistic about their financial future, so what's going to come of them?

[26:08] One of the separating elements of Jason's network is the value of the investment counselor

[30:12] What changed Jaden's mindset on new properties vs renovated

Website:

www.ParadigmLife.net/Jaden

jzubal@paradigmlife.net

www.JasonHartman.com/Properties

Direct download: CW_1333_Jaden_Zubal.mp3
Category:general -- posted at: 5:00pm EST

Jason Hartman and Investment Counselor Doug takes today's episode to discuss what's going on with the average FICO score across generations. The average FICO score is not something that Americans can be proud of, but it provides some serious advantages to real estate investors.

Then Jason and Doug highlight several Florida properties that are able to cash flow with new construction, which is something that is getting harder and harder to do in today's environment. Florida is becoming a bigger draw to those running away from high tax states, which is driving their real estate market.

Key Takeaways:

[2:55] FICO scores are low across all generations

[6:18] You want a good credit score, not a perfect credit score

[10:40] Real estate takes about 8% in transaction costs

[16:05] Doug spotlights a Florida property

[19:43] Blogcast: How does inflation devour debt?

[23:39] Migration of residents will cause a shift in ownership in the old areas

[26:47] Real estate markets tend to expand and contract from the top

Website:

www.JasonHartman.com/Properties

Direct download: CW_1332_Doug.mp3
Category:general -- posted at: 5:00pm EST

Today's Flash Back Friday comes from Episode 243, originally published in February 2012.

Jason Hartman interviews author, former Wall Street senior banker, and best-selling investigative journalist, William (Bill) D. Cohan on the events that led up to the current economic crisis. Bill explains the choices that the big firms, such as Goldman Sachs, JP Morgan, etc, made regarding what type of institution they were going to be, the path of these firms that led up to the current crisis, and how they used the bailout money gifted to them. He said it was one big party on Wall Street, during which brokers were to bring in revenue using a lot of whacky products, until everything came crashing down. Huge bonuses were paid out from the revenue collected from unsuspecting clients.

Bill and Jason also discuss the Occupy Wall Street Movement. Bill expressed disappointment in the message of the movement, saying it isn’t clear and they need to learn how Wall Street really works so that they can be more effective in bringing about reform. Wall Street has been influencing what goes on in Washington and paying lobbyists and donating to congressional coffers so that they can get the regulations, or lack thereof, that they want, i.e. the Dodd-Frank Wall Street Reform and Consumer Protection Act. Bill talks about how the expansion of Wall Street into Middle Class America was not an accident, using the example of Merrill Lynch being a public company. This ultimately led to broken trust between Wall Street and Main Street, as people have now shied away from risk taking.

To solve the problems, Bill suggests changing the incentive system on Wall Street, in that it can no longer be okay to take huge risks with people’s money or get paid big bonuses whether they lose money for the firms or not, as well as going back to having to use their partner’s capital to operate. William D. Cohan offers audiences a unique, close-up perspective of the greatest financial crisis since the Great Depression. He combines deep knowledge of the investment banking world with the fine storytelling skills of an award-winning investigative journalist.

Website:

www.WilliamCohan.com

Direct download: CW_1331_FBF_William_Cohan.mp3
Category:general -- posted at: 5:00pm EST

After his intro discussing getting the money thing out of the way in pursuing your life and the difference between law and ethics, Jason Hartman talks with Stephen Davis, author of Truthteller: An Investigative Reporter’s Journey Through the World of Truth Prevention, Fake News and Conspiracy Theories, about the prevalence of fake news online and in every form of media. The two try to find ways to combat the issue head on and what the average person can do today (and in the future) to avoid being fooled.

Key Takeaways:

[6:34] Get the money thing out of your way

Stephen Davis Interview:

[12:32] It's easier now than ever before for governments to lie to you and get away with scandals

[14:36] Fake news travels faster than truth on Twitter

[17:40] If you want good, investigative journalism, you're going to have to pay for it

[23:45] We need to stop letting companies like Facebook and Google escape the responsibility that media outlets have

[30:10] How governments deceive you

[36:21] Dealing with fake reviews on sites

Website:

www.StephenDavisWriter.com

www.JasonHartman.com/Properties

Direct download: CW_1330_Stephen_Davis.mp3
Category:general -- posted at: 5:00pm EST

Jason Hartman and one of the network's Florida market specialists discuss the Jacksonville market and what kind of housing is currently available. The two break down a pro forma for one of the available new construction properties and examine why Florida has become such a hot spot for people fleeing both the East and West coast states.

Then we have a segment from Real Data founder and president Frank Gallinelli about financial terminology. It's important when reading pro formas and doing your due diligence that you know what these metrics are. Frank breaks it down so that you're prepared when you go into your next property.

Key Takeaways:

[4:28] Florida is now drawing people from the East and West coast

[6:28] Jacksonville market profile

[10:27] Examining a pro forma of one of the new construction properties available in Florida

[13:00] There are a couple properties available that you could take advantage of in a 1031 exchange

[15:53] People are moving to Jacksonville to be near St Augustine, which is the 2nd busiest place for tourists in Florida behind Disneyworld

[18:24] Frank Gallinelli on financial terminology

Website:

www.JasonHartman.com/Properties

www.RealData.com

Direct download: CW_1329_Florida.mp3
Category:general -- posted at: 5:00pm EST

Jason Hartman starts today's show discussing how it's possible that low interest rates can be used as financial repression tool even though it seems like a good thing at first glance. He also explores an article highlighting affordability issues across the nation and how it's impacting markets that Jason's investors bought homes in prior to the runup.

Then Jason talks with Peter Hirshberg, founder of Maker City® Project and CEO and co-founder of Lighthouse.one, about Opportunity Zones and how they work with constructing cities. Jason and Peter explore how the incentives were created and why they are crucial to the success of projects like Opportunity Zones.

Key Takeaways:

[3:47] Part of financial repression is low interest rates

[7:42] Affordability is becoming more and more of an issue across the US, including some where investors used to be able to get reasonable properties

[10:05] The Water Theory of money

Peter Hirshberg Interview:

[14:43] Economic reinvention is a bottom up thing as people found what they were good at and innovators moved into the city

[18:55] Why you have to create incentives like those the Opportunity Zone offers

[22:57] Why real estate matters

Website:

www.Lighthouse.one

www.JasonHartman.com/Properties

‘Their house is on fire’: the pension crisis sweeping the world

Housing in these cities may become unaffordable by 2028

Direct download: CW_1328_Peter_Hirshberg.mp3
Category:general -- posted at: 5:16pm EST

Jason Hartman and real estate attorney Bob start today's show discussing the importance of taxes and how they can seriously impact your real estate investing journey throughout your life. They also discuss what makes a good investor and the direction of law when it comes to real estate.

Then Jason talks with Steve Glickman, Senior Economic Advisor to President Barack Obama and chief architect of the Opportunity Zone project, about how the Opportunity Zone system works, the definition of an Opportunity Zone and what benefits the program provides for real estate investors.

Key Takeaways:

[4:33] The multiplier effect of moving to a place where your money is treated better

[9:37] Jason's prediction for the next thing landlords will be held accountable for under the law

[15:50] What good, talented lawyers for commercial properties always do

[19:18] Good investors act, but only because the deal is good, not because they have the money

[23:27] Taxes are like reverse amortization

[26:02] High taxes encourage bad investments

Steve Glickman Interview:

[28:14] There are now 8.766 Opportunity Zones across the US

[32:31] There are about 300 Opportunity Zone funds targeting $65 billion and have raised about 15% so far. How big is this expected to get?

[35:28] The 2 big factors in why zone based programs become unsuccessful

[37:16] What is the Opportunity Zone program?

[40:23] Will Opportunity Zones exacerbate gentrification?

Website:

www.Lighthouse.one

www.JasonHartman.com/Properties

Direct download: CW_1327_Steve_Glickman.mp3
Category:general -- posted at: 5:15pm EST

Today's Flash Back Friday comes from Episode 983, originally published in April 2018.

Jason Hartman takes a victorious look at a recent Wall Street Journal story declaring that more people are viewing renting as a long-term solution to their housing situation. That is FANTASTIC news for landlords, and will put the upward pressure on rent that every investor wants. Jason also gives a few travel hacks for going on a trip to multiple climates, and includes another market profile from producer Adam, this time on the Indianapolis market.

Key Takeaways:

[2:25] The next decade of being a landlord is going to be amazing

[7:05] More and more people are seeing renting as a long term housing solution

[10:56] Jason's travel hacking tips for going on a multi-dimensional weather trip

[14:57] Indianapolis Market Profile

Website:

www.JasonHartman.com

Direct download: CW_1326_FBF_Indy_Landlord.mp3
Category:general -- posted at: 11:56pm EST

Jason Hartman and Rabbi Evan Moffic start off today's show discussing the major issue of senior housing. It's quite possible that it's been overbuilt and Jason and Evan discuss how you as an investor can take advantage of the aging at home trend.

Then we have a second part of Jason's extended interview with Ali Wolf, Director of Economic Research at Meyers Research, LLC., about wage growth, inflation, home appreciation and why interest rates have created some of the bubble that we find ourselves in.

Key Takeaways:

[4:27] Senior housing may have been way overbuilt

[10:45] One of the biggest miscalculations with senior housing was that they thought 65 would remain "old"

[13:04] The way to take advantage, as an investor, of the increase in elderly people staying in homes then make sure you're including single story properties in your portfolio

[18:41] Jason's prediction on the future of Uber/Lyft/etc drivers

Ali Wolf Interview:

[20:26] Collective wage growth since 2015 is 13%, but inflation and home prices have gone up 25%, causing a widening gap

[24:51] Appreciation has slowed in most markets to the 2-3% range

[29:16] The only 2 markets that have seen have a lot of growth in sales in the past 2 years are Indianapolis and Phoenix

[32:01] Ali thinks the next downturn could be caused by a "Fed Induced Bubble"

Website:

www.MeyersResearchLLC.com

www.JasonHartman.com/Properties

Direct download: CW_1325_Ali_Wolf.mp3
Category:general -- posted at: 5:00pm EST

Jason Hartman talks with Brian Beaulieu, author of Prosperity in the Age of Decline and CEO of ITR Economics, about what's really going on in our economy right now. It's not as doom and gloom as some people have made it out to be, and it wasn't so a few years back. Brian explains what indicators you should really be paying attention to and what's coming up in 2020 as well.

Key Takeaways:

[3:45] We have a duty to hold people accountable and not accept bad behavior

[5:11] Big happenings with the NAR that's going to change the market

[10:37] A testimonial that didn't seem like one to start

Brian Beaulieu Interview:

[15:52] What is the next cycle going to be?

[19:05] The G7 leading indicator is something you should be watching

[23:34] The peculiarity of the trade tariffs that have been imposed

[26:44] Globalization is under severe negative pressure

Website:

www.ITREconomics.com

Direct download: CW_1324_Brian_Beaulieu.mp3
Category:general -- posted at: 5:01pm EST

You've been hearing for a while about how Jason's not a huge fan of Opportunity Zones, worried that they're overhyped. Well, today Jason Hartman talks with Eric Willett, Vice President at RCLCO, about what aspects of Opportunity Zones might be superfluous and how the real estate industry is reacting to the investment opportunity.

Key Takeaways:

[5:53] We still have no idea the impact/ramifications of Opportunity Zones, but we're already seeing gentrification coming from it

[9:15] One of the big criticisms about Opportunity Zones is that many of them no longer need the designation due to investments that have already occurred

[13:09] The unintended consequences of Opportunity Zones

[17:27] How the gentrification index works

[22:57] The current state of multifamily housing

Website:

www.JasonHartman.com/Properties

www.RCLCO.com

Direct download: CW_1323_Eric_Willett.mp3
Category:general -- posted at: 5:00pm EST

On this Veterans Day, Jason Hartman and Adam start today's episode discussing the history of the holiday, the 30th anniversary of the fall of the Berlin Wall, and, most important to real estate, the importance of due diligence (and the importance of questioning your own due diligence).

Then Jason talks with Patrick Boyaggi, CEO and co-founder of Own Up. Patrick and his company have a new mortgage model that can avoid hard credit inquiries that might aid investors looking for a loan but worried about their credit score.

Key Takeaways:

[5:50] Jason's previous experiences at the Berlin Wall

[11:16] Advice on what to do after you do your due diligence on a property

[17:11] Near death experience and a criminals attempt to exploit it

Patrick Boyaggi Interview:

[21:46] Can rates stay low?

[26:24] Using Patrick's mortgage product doesn't give your credit a hard hit, how do they manage that?

[30:59] The impact of soft inquiries on your credit score

Website:

www.JasonHartman.com/Properties

www.OwnUp.com

Direct download: CW_1322_Patrick_Boyaggi.mp3
Category:general -- posted at: 5:05pm EST

Today's Flash Back Friday comes from Episode 913, originally published in November 2017.

Jason Hartman starts off the show talking with Elisabeth Embry about how she makes her 5-year plans, and why it's important.

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:

[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

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.RonPaulLibertyReport.com

Direct download: CW_1321_FBF_Ron_Paul_2.mp3
Category:general -- posted at: 5:00pm EST

Before launching into his off-topic 10th episode show, Jason Hartman takes a minute to discuss a topic of real estate interest: the lack of homes available to homebuyers with a price point below $250,000.

Then Jason talks with Sharyl Attkisson, host of Sinclair Sundays, former CBS anchor and author of Stonewalled: My Fight for Truth Against the Forces of Obstruction, Intimidation, and Harassment in Obama's Washington, about today's atmosphere of fake news, online bullying and defamation, and how we can possibly combat them.

Key Takeaways:

[4:17] Homes below 250k are starting to become extinct

Sharyl Attkisson Interview:

[9:50] With just a few Twitter accounts, smear operators can start an entire movement

[14:32] How do we reconcile a free but credible press when there are so many anonymous sources today?

[20:44] Journalists use to keep their political opinions to themselves, but now they're almost rewarded for it

[25:51] What should we make of the big tech companies censorship?

Website:

www.SharylAttkisson.com

www.GAB.com

www.FullMeasure.news

Direct download: CW_1320_Sharyl_Attkisson.mp3
Category:general -- posted at: 5:00pm EST

Jason Hartman reiterates the importance of Commandment #3 to start off today's episode: Thou Shalt Maintain Control!!! At his mastermind event he was pitched a syndication deal that reminded him how you can invest in deals that could make money but still come out behind when you compare it to other possibilites.

While discussing investing in funds/syndications, he also delves into the principal of character vs personality. When you're investing, it's important to look past most of the personality and focus on character or you could end up looking at a horrible result.

Key Takeaways:

[4:37] A syndication deal Jason recently was pitched

[7:01] You shouldn't be happy just because you made some money.

[9:50] The Personality Ethic vs the Character Ethic

[18:35] Is California a 3rd World State?

[24:13] Why you should care about California's demise even if you don't live in that state or even country

[32:14] The people in charge are distracting us so they can do what they want behind the scenes

Website:

www.JasonHartman.com/Ask

www.JasonHartman.com/Properties

Direct download: CW_1319_Maintain_Control.mp3
Category:general -- posted at: 5:00pm EST

Jason Hartman starts today's show discussing the importance of finding a group that brings out the best you possible. Sometimes that can cost a lot of money, sometimes it doesn't. Then Jason explores another story that illustrates the importance of Commandment #3.

Then Jason talks with Ali Wolf, Director of Economic Research at Meyers Research, LLC. Ali and Jason explore which indicators are important and which ones are just smoke and mirrors when you're examining housing markets and markets in general. No surprise, some of the big ones you hear about in the news aren't the most helpful.

Key Takeaways:

[4:24] The value of a network

[6:44] Jason's gotten back into Tabatta Pro

[10:15] Under Armour is coming under investigation

Ali Wolf Interview:

[17:30] What indicators you should pay attention to and which you should ignore as an investor

[20:19] Wages in the US are going up, but wage growth minus inflation still doesn't give people a big enough raise to keep up

[24:58] Even with the bad things that are happening we're still in positive growth

Websites:

www.MeyersResearchLLC.com

www.JasonHartman.com/Properties

Direct download: CW_1318_Ali_Wolf1.mp3
Category:general -- posted at: 5:06pm EST

Jason Hartman and Investment Counselor Doug take a look at the danger of manias, especially when it comes to investing in startup companies (like WeWork). It's easy to get caught up in rising valuations and the like, but it's also easy to lose a whole lot doing so.

Jason and Doug then discuss the Wealth Simulation exercise that was held at Profits in Paradise, including lessons learned about the method of building your portfolio that will set you up for the greatest wealth.

Key Takeaways:

[4:22] WeWork is a great example of why you should follow Commandment 21: Thou Shalt Avoid Manias

[9:17] Don't fall for the company line of how they're going to change the world. Voluntary exchange with a company changes the world on its own

[12:24] Don't be fooled by the resume or the amount of money that's being pumped into a company when making investment decisions

[13:57] Blogcast: Housing vs Shelter

[21:22] How the Wealth Simulation exercise worked

[25:23] One of the top strategies in the wealth simulation game was a mixture of linear and hybrid markets so you could take advantage of cash flow and appreciation

[31:35] You don't have to have too many properties before you're at the point where you're dealing with the law of large numbers

Website:

www.JasonHartman.com/Properties

Direct download: CW_1317_Doug.mp3
Category:general -- posted at: 12:00pm EST

Today's Flash Back Friday comes from Episode 912, originally published in November 2017.

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:

[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.RonPaulLibertyReport.com

Direct download: CW_1316_FBF_Ron_Paul.mp3
Category:general -- posted at: 5:00pm EST

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