Creating Wealth Real Estate Investing with Jason Hartman

In this episode, Jason Hartman discusses Coronavirus’s impact on the U.S. market. He also speaks on how humans are wired for negative thinking and can be so easily affected by things out of our control. India may or may not have found the motherload of gold, but the land is a limited supply, and it has already been discovered. 


In the second segment, Jason is joined by Joffre LeFevre for an in-depth discussion about the U.S. market, what affects it, and how the global market influences the U.S. economy. 


Key Takeaways:

[1:20] Coronavirus and the market


[6:00] Humans are wired for negativity


[9:08] “Nation makes stunning gold find,” is the gold motherload in India?


[15:05] Coronavirus headlines might just be an excuse for people to sell


[19:00] In regards to the stock market, when do we know when we get to the bottom?


[19:33] 90% Downside days


[27:10] Sources of energy have changed


[31:00] What about negative interest rates?


Websites:

www.JasonHartman.com

Jason Hartman PropertyCast

www.LowryResearch.com

Direct download: CW_1398_Joffre_LeFevre.mp3
Category:general -- posted at: 5:00pm EST

Jason Hartman is joined today in Medellin, Columbia with Macro-Addict, Entrepreneur, Investor, and Real-Estate expert, George Gammon. Jason and George discuss U.S. inflation when compared to Columbian inflation and the two different economies to consider. What does this mean for interest rates when considering inflation and taxes? What is the difference between bottoms-up and top-down analysis? And finally, grow smart, not big - the importance of building economic freedom.

Key Takeaways:

[2:32] Inflation in Columbia is 30-40% at times

[4:18] Is inflation always a monetary phenomenon?

[5:45] Two different economies, the financial economy, and the real economy

[7:45] Money is lent into existence

[9:45] Current interest rates in the U.S. are negative after inflation and taxes

[15:45] Bottoms up vs tops down analysis

[22:40] Grow smart, not big

[24:10] More economic freedom, not more revenue

Websites:

www.JasonHartman.com

www.GeorgeGammon.com

Direct download: CW_1397_George_Gammon.mp3
Category:general -- posted at: 5:00pm EST

Today's Flash Back Friday comes from Episode 1007, originally published in June 2018.

From the studios of the Financial Survival Network, Jason Hartman and Kerry Lutz get together for this episode to discuss the softening of Dodd-Frank, changes in protections for renters in some markets of the US that are making it harder for landlords, potential uses for Blockchain that could significantly impact the way people invest, and some key economic lessons you have to teach your children.

Key Takeaways:

[5:49] Jason went and got stretched today, and it was quite the experience

[7:07] The FBI says you need to reboot your router ASAP

[8:45] The counter intuitive concept that is slowing home sales in the US

[11:58] If you can trade tokens instead of stocks the transaction fees can be sliced immensely

[15:23] The biggest commitment in precious metals to blockchain

[21:31] Jason & Kerry's thoughts on the changes to Dodd-Frank

[25:58] The #1 thing you need to teach your kids about economics: money always goes where it's treated best

[29:24] The Meet the Masters audio product is now available at HartmanEducation.com

Website:

www.HartmanEducation.com

www.JasonHartman.com/Properties

www.JasonHartman.com/Food

Direct download: CW_1396_FBF_Kerry_Lutz.mp3
Category:general -- posted at: 5:27pm EST

Jason Hartman makes his way to Medellin, Colombia to chat with George Gammon about creative real estate investing linked to the Colombian Peso and oil. The two discuss the CAPE ratio and what is cheap in the United States.

In our second segment today, Jason is joined by in house economist Thomas Young, to discuss our Presidential Candidates Capital Gains Tax Plans. Do these new Capital Tax Gains Tax Proposals make sense?

Key Takeaways: 

[3:15] George Gammon, what took you to Medellin, Colombia? Pesos and Oil?

[7:05] Real Estate Investor turned reality tv star


[9:25] Colombian house flipping

[13:30] What is the CAPE ratio or Shiller P/E ratio?

[17:15] What is cheap in the United States?

[20:35] In house economist, Thomas Young, and capital gains taxation 


[23:36] Zero Sum Gain

[28:30] The government’s tax code currently encourages investors to take the risk, and that risk is sometimes successful and grows the economy

Websites:

www.JasonHartman.com

www.GeorgeGammon.com

Direct download: CW_1395_George_Gammon.mp3
Category:general -- posted at: 5:00pm EST

Jason Hartman celebrates and encourages the increasing preference of U.S. citizens renting vs owning. Information from CoreLogic invites the question, are tenants getting the better deal renting?

In today’s second segment, we take a look at a smartphone app to boost your real estate investment game. Jason interviews Yaza, CEO and Co-Founder, Peter Sisson, about the key features of this new smartphone app. Learn how to optimize your time and energy with this handy smartphone tool. 

Key Takeaways:

[3:20] CoreLogic says home prices increase will move from 4% to 5.2% this year

[6:05] Are U.S. citizens/tenants getting a better deal renting vs owning?

[11:45] California, now what did you do?

[15:43] What is YAZA?

[17:40] Location-based unedited video for sharing. 

[19:50] Searchable by content, in HD, and it’s not stored on your phone

[23:33] What is a deep-fake?

Websites:

www.JasonHartman.com

Jason Hartman Quick Start Podcast

https://www.Yaza.io

Direct download: CW_1394_Peter_Sisson.mp3
Category:general -- posted at: 5:00pm EST

Jason is joined with investment counselor Carrie to discuss some more current properties. Take a mini-tour with Carrie in York, Pennsylvania, or listen up for this auditory property tour through Alabama, Georgia, and Indiana. 

In the second segment today, Jason discusses the hybrid approach to property management, prompted by a Voxer message from client Bruce. As well, Jason speaks on three basic economic maladies; inflation, deflation, and stagnation. This drives the show to our final topic of Jimmy Carter and Malthusian thinking. 

Key Takeaways:

[1:20] Atlanta, Georgia area property only 9 miles from the Hartsfield-Jackson Airport

[4:30] Port city, Mobile, Alabama property offers low property taxes

[7:00] Property Tour with Carrie in York, Pennsylvania

[9:00] The latest empowered investor, Bruce, taking the hybrid approach

[11:40] Firing your property manager, self-managing or the hybrid approach. Not all bad or mysterious

[13:30] The three basic economic maladies; inflation, deflation, and stagnation

[18:40] The carter administration was typified by Malthusian thinking 

[19:45] Jimmy Carter’s infamous Malaise Speech

Websites:

www.JasonHartman.com/ask

www.JasonHartman.com

Direct download: CW_1393_Carrie.mp3
Category:general -- posted at: 5:00pm EST

Today, Jason Hartman is joined with investment counselor, Sara, and they discuss some current properties that you view on the JasonHartman.com website. As well, the two discuss some common investor questions including the 6% appreciation estimate and strategy for navigating the Fannie Mae, Freddie Mac loan limit. 

In the second segment of today’s show, A Fire-Side Chat, Jason is joined at a live event with three guests. The three guests share a quick background to their real estate journey: the how, the why, and the success of their real estate ventures.

Key Takeaways:

[2:40] If you’d like a private tour with a local market specialist, contact one of our investment counselors

[6:15] Common client questions: Where does the 6% appreciation estimate come from?

[9:10] Fannie Mae, Freddie Mac loan limit is 10 financed properties per person: make a good use of your financing with a fourplex under one conventional loan

[10:00] The debt coverage ratio provides a little comfort for the conservative investors

[12:20] Mortgage Sequencing for loan leverage

[17:15] A fire-side chat with Doug, Evan, and Sara. The barrier to entry and success stories.

[23:04] Are tech startups changing the world? 

Websites:

www.JasonHartman.com

Jason Hartman PropertyCast

Direct download: CW_1392_Sara.mp3
Category:general -- posted at: 5:00pm EST

Today's Flash Back Friday comes from Episode 393, originally published in July 2014.

Jason Hartman and Doug explore the multiple ways in which you can invest in real estate, and the pluses and minuses to each.

Website:

www.JasonHartman.com/Properties

Direct download: CW_1391_FBF_Doug.mp3
Category:general -- posted at: 5:00pm EST

Our mind is the most powerful force known to mankind. Today, Jason Hartman shares some secrets to brain hacking and understanding the flaw of our subconscious mind. After understanding this flaw, we can use it as an advantage for progress. 

In the second segment of today’s episode, we flashback to a narrative about the human brain, and it’s role as a generator. Your brain is not just a processor. 

Today’s final segment is taken from Commandment #3, Stay In Control. 

Key Takeaways:

[1:40] Our mind, the most powerful force known to mankind

[4:20] Brain Hacking, the flaw of the subconscious mind 

[13:45] Creative Visualization: Our mind is so powerful that we can create our future by visualizing it

[18:00] Holographic Brain Theory

[28:06] Commandment #3: Stay In Control (Maintain Direct Control Of Your Investment

Websites:

www.JasonHartman.com

Guided Visualization Podcast

Direct download: CW_1390_Visualization.mp3
Category:general -- posted at: 5:17pm EST

Jason Hartman is joined today with guest, Evan Moffic, in a client case study and phenomenal deal on a short term rental property. With understanding how inflation plus tax deduction works, when compared to your interest rate, you will be getting paid to borrow money. 

Evan shares his thoughts on the natural dilemma that humans aren’t designed to think long term but we should, and with a well built real estate investment portfolio in play. Lastly, Bernie Sanders; What are you doing, What are you suggesting? 

Key Takeaways:

[1:38] A phenomenal deal on a short term rental property bought through the Jason Hartman network

[7:10] The Feds target inflation rate is 2%

[13:50] Getting paid to borrow: interest rate compared to inflation + tax deduction

[17:00] We aren’t designed to think long term

[18:50] Bernie Sanders, keep calling out the banks, but Capitalism isn’t all bad

Websites:

www.JasonHartman.com

The Mammoth Cost of Bernie Sanders’ Big Plans

Direct download: CW_1389_Evan_Moffic.mp3
Category:general -- posted at: 5:00pm EST

The Coronavirus might affect the US housing market in a way that you did not expect. Joining Jason Hartman today is investment counselor, Adam Schroeder. The two discuss the great returns on properties that come across as boring, but make sense the day you buy them.

Refi til ya die! - More details on how and why this is the way to go. And the story behind PropertyCast, the Hartman Method and Schroeder Application to getting the real estate ProForma in simplest fashion.

Key Takeaways:

[1:15] The housing market vs the coronavirus, and its effect on foreign investors

[7:50] Boring properties but great returns

[9:00] Do not go by the greater fool theory applied to real estate, it is a very dangerous strategy

[11:30] Properties that make sense the day you buy them

[14:25] Refi til ya die

[21:00] Don’t wait to buy real estate, Buy real estate and then wait!

[22:00] The birth of PropertyCast

Websites:

1.800.HARTMAN

Jason Hartman PropertyCast

www.JasonHartman.com

Direct download: CW_1388_Adam.mp3
Category:general -- posted at: 5:00pm EST

Are there any correlations with Real Estate and Great Dating Cities? Investors are more eligible mates. Today, we share a live conference clip with a discussion about timing the market and answering the valuable question, “Where not When!”

In the final segment of today’s episode, Jason answers a listener’s question about timing the market.

Key Takeaways:

[1:30] Crazy life: Bullseye with an ax, a business cruise, Aspen to Tampa

[4:00] Valentines Day and Real Estate: Investors and homeowners are more eligible mates!

[6:45] Top ten Best & Worst cities for dating in the USA

[13:10] It’s better to know which market to be in than to wait

[14:15] People rarely calculate the returns the period they are waiting

[15:00] Timing the market = regrets waiting

[23:05] A listener’s question about Timing the Market

[28:30] Don’t be so partisan all the time, give people credit where it’s due. Look at our economy now

Website:

www.JasonHartman.com/Properties

The Best & Worst Metros for Dating 2020

Direct download: CW_1387_Jason.mp3
Category:general -- posted at: 4:59pm EST

Today's Flash Back Friday comes from Episode 1007, originally published in June 2018.

From the studios of the Financial Survival Network, Jason Hartman and Kerry Lutz get together for this episode to discuss the softening of Dodd-Frank, changes in protections for renters in some markets of the US that are making it harder for landlords, potential uses for Blockchain that could significantly impact the way people invest, and some key economic lessons you have to teach your children.

Key Takeaways:

[5:49] Jason went and got stretched today, and it was quite the experience

[7:07] The FBI says you need to reboot your router ASAP

[8:45] The counter intuitive concept that is slowing home sales in the US

[11:58] If you can trade tokens instead of stocks the transaction fees can be sliced immensely

[15:23] The biggest commitment in precious metals to blockchain

[21:31] Jason & Kerry's thoughts on the changes to Dodd-Frank

[25:58] The #1 thing you need to teach your kids about economics: money always goes where it's treated best

[29:24] The Meet the Masters audio product is now available at HartmanEducation.com

Website:

www.HartmanEducation.com

www.JasonHartman.com/Properties

www.JasonHartman.com/Food

Direct download: CW_1386_FBF_Kerry_Lutz.mp3
Category:general -- posted at: 5:00pm EST

Greetings from Sarasota, Florida! Jason Hartman shares the good news, “America is Increasingly, A Nation of Renters!” What socioeconomic changes have prompted this shift in the last decade, and how does it benefit the real estate investor?

In the second part of today’s show, we share a clip from a live conference. Jason asks, “What got you into real estate?” Doug and Evan both share a bit about Equities vs. Real Estate Investing and Self-management.

Key Takeaways:

[1:35] Good news from CBS News, “America Is Increasingly, A Nation of Renters”

[3:16] The renter class has changed, is it now acceptable to rent?

[14:55] Inflation induced debt destruction, IIDD, looks at the way you get paid to borrow money over time

[17:35] A Live conference chat with Evan and Doug: Self-management, & Equities (stocks) vs Real Estate Investing

[18:00] “You can never make enough money with your own two hands”

[19:45] The tech revolution has made real estate more valuable

Website:

www.JasonHartman.com

Direct download: CW_1385_Renters.mp3
Category:general -- posted at: 5:32pm EST

In today’s episode, Jason questions California’s proposal to use its eminent domain power to take over properties for rent control. What does this do to/for the landlord? The effects of the coronavirus on the human race and the economy aren’t something to ignore.

Investment Counselor, Adam, returns to the show with our February 2020 Mortgage Rate Update.

Key Takeaways:

[1:05] The “Socialist Republic of California” took some huge steps toward economic suicide. Is California Rent Control a mistake?

[7:33] Money goes where it’s treated best

[11:20] Three forms of power: violence, capital, and information

[13:45] What is to come of the potential pandemic of the coronavirus?

[16:20] Investment Counselor, Adam, with our February 2020 Mortgage Rate Update

[25:00] Reach the Jason Hartman Investment Counseling Team, 1.800.Hartman

Website:

www.JasonHartman.com/Properties

Direct download: CW_1384_Mortgage_Update.mp3
Category:general -- posted at: 5:52pm EST

Congratulations to our Super Bowl 54 Champions, The Kansas City Chiefs, and the supporters of Brexit! Are you a HENRY? Big problems and big success run in the same circle.

Today, Jason Hartman speaks on Commandment No. 3 of the 21 Commandments of Successful Investing, “Thou shalt maintain control.” As well, he shares some interesting business concepts developing with Cloud Kitchens. And, Is there any legitimacy to the Super Bowl Indicator?

Key Takeaways:

[2:44] Welcome to HENRY: High Earner, Not Rich Yet!

[9:26] If you have bigger problems, it’s probably because you have more success

[10:42] “It’s not what we get by reaching our goals that matters, it’s who we become just by trying” -Zig Ziglar

[12:12] Commandment No. 3 of 21 Commandments of Successful Investing: Thou shalt maintain control

[24:35] When you own the real estate, you own something real

[25:00] Have you heard of Ghost Kitchens?

[28:00] The Super bowl Indicator: Does Kansas City’s win actually give us a good indicator of what will happen this year with the S&P 500?

Website:

www.JasonHartman.com

Direct download: CW_1383_Jason.mp3
Category:general -- posted at: 5:00pm EST

Super-Monday, the youngest Creating Wealth listener and a letter about money from the late great Kobe Bryant. Today, investment counselor, Naresh returns with questions for Jason about a few investment properties in “The Vegas of the South,” and Citrus Springs Florida. Jason elaborates on the recurring real estate investment theme of “Refi ‘till you Die.” And finally, the importance of understanding ROA (Return On Amortization).

Key Takeaways:

[4:28] A Fourplex, new home construction deal!

[7:05] Tunica Resorts property, the Vegas of the South

[8:32] 32% return on invest IS a conservative number in a multidimensional asset class

[8:50] How To Analyze an Asset Class, Free Video - JasonHartman.com

[9:45] Advice on money, from a letter that Kobe Bryant wrote

[15:30] “Refi ‘till you Die” plan

[16:20] ROA return on amortization

[26:50] Citrus Springs, Florida

Website:

www.JasonHartman.com

Mamba Mentality: The Mindset That Made Kobe Bryant a Master

Direct download: CW_1382_Jason.mp3
Category:general -- posted at: 5:00pm EST

Today's Flash Back Friday comes from Episode 1048, originally published in August 2018.

Jason Hartman discusses 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:

Jason Hartman's Alexa Flash Briefing

The PropertyCast

Direct download: CW_1381_FBF_Jason.mp3
Category:general -- posted at: 5:00pm EST

Rabbi Evan Moffic, author of The Happiness Prayer, joins us from the Profits of Paradise conference where he speaks on happiness and what leads to a meaningful life. His rich insight on religion, capitalism and happiness give us a new way of approaching personal gain and how we can share that with others. And he invites us to ask ourselves, does more money lead to more happiness?

Key Takeaways:

[3:00] If money doesn’t buy happiness, does poverty buy happiness?

[4:05] Are Super Bowl tickets affected by inflation?

[8:00] Fannie Mae issues a warning about fake companies

[17:50] Does money make us happier?

[21:00] From 1-10, how satisfied are you with your life, and does your income affect that?

[22:56] Happiness is a kind of currency

[26:25] PERMA: Positive emotions. Engagement. Relationships. Meaning and purpose. Accomplishment.

[29:30] Love of money is the root of all evil, not money itself.

Website:

www.RabbiMoffic.com

www.JasonHartman.com

Direct download: CW_1380_Evan_Moffic.mp3
Category:general -- posted at: 6:14pm EST

Every deal seems too expensive at the outset. Jason Hartman speaks on the Cap rate or less affectionately called, “The Crap Rate” as a faulty metric. And another proof of commandment number 3 of 21 Commandments of Successful Investing, what did Robert Morgan do?

Jason Hartman talks with Jonathan Slain, a high growth leadership coach, founder of www.Recession.com, and author of Rock the Recession, about how to prepare your business to ensure that you not only survive, but thrive through recessions. Having a war chest BEFORE it starts is absolutely crucial to your continued success, so make sure you have a plan and rock your way through any recession.

Key Takeaways:

[5:37] Every deal becomes a good deal looking in the rear view mirror

[11:35] How do you grow during a recession?

[15:20] You can increase your business significantly by spending into a recession

[21:00] Make sure you have a recession plan BEFORE the next recession

[23:20] Why Jonathan thinks a pullback will happen in 2020

[27:27] Examine your business to find what you can do that will make your competition irrelevant

[31:00] The big opportunities lie on the fringes of creativity

Website:

www.JasonHartman.com

www.Recession.com

Rock the Recession: How Successful Leaders Prepare for, Thrive During, and Create Wealth After Downturns

Direct download: CW_1379_Jonathan_Slain.mp3
Category:general -- posted at: 5:00pm EST

Thou shalt diversify. The continuation of our discussion on due diligence. Jason and Adam present tips on investigating the areas in which you own property. Use tools like Google street view to take a tour of the surrounding areas to understand the influences for value and rent.

Adam shares a real life scenario on a property in Merrillville, Indiana. Find out what questions you should ask before investing in a property.

Key Takeaways:

[3:00] Thou shalt diversify. Diversity into three to five markets.

[5:55] Use google street view to understand the areas that surround your investment.

[8:30] Check with local property management companies to confirm rent estimates.

[11:15] Put the system to work with a real life evaluation of a current property.

[14:10] The institutional apartments do a really good job of squeezing the rent out. We should be demanding more for our properties.

Websites:

www.JasonHartman.com/Properties

Direct download: CW_1378_Adam_2.mp3
Category:general -- posted at: 5:00pm EST

Do the Due! Do your due diligence. Jason Hartman speaks with investment counselor Adam Schroeder about key aspects of income property investing including; checking home prices and contacting the Tax Assessor. The two give insight on working with lenders and the importance of home inspection and re-inspection.

Key Takeaways:

[4:00] Where to find pricing: MLS, Zillow and Tax Assessor

[9:10] Pictures can be insanely misleading. Sometimes, it’s not even the same house.

[14:25] A quick call to the country tax assessor can give you a ballpark estimate on taxes for an investment property.

[19:35] Lender deals can change due to dynamics of reevaluations.

[24:00] The licensing laws vary from state to state, check the requirements for you state

Websites:

www.JasonHartman.com/Properties

Direct download: CW_1377_Adam.mp3
Category:general -- posted at: 5:00pm EST

Today's Flash Back Friday comes from Episode 1022, originally published in July 2018.

Jason Hartman takes a turn to the listener mailbag while talking with Kerry Lutz, founder of the Financial Survival Network. Today's topics run the gamut from when to rent your personal residence, how RV ratios work around the world, how to work with Jason, and how to get OUT of the real estate game as you get older.

Key Takeaways:

[2:41] Why Jason has long believed the idea of public unions is ridiculous

[6:27] The stigma between renters and home owners seems to be disappearing, if not already completely gone

[9:54] Mason's question on renting his primary residence

[18:42] RV Ratios apply world wide

[19:23] How is depreciation unwound?

[24:58] Is it wise to put 100% down on a property if you have the cash?

Website:

www.JasonHartman.com/Properties

www.FinancialSurvivalNetwork.com

Direct download: CW_1376_FBF_Kerry_Lutz.mp3
Category:general -- posted at: 5:00pm EST

Successful people aren’t martians! Success is possible for everyone. Jason Hartman speaks on taking advantage of a lucky situation by preparing for the opportunities that will inevitably drop into our lives.

Then, Jason and George Gammon return for the conclusion of our three part story: the building blocks of the Jason Hartman Risk Evaluator. Jason also shares a modern day story taking place in Seattle, proving once again the risk of investing in a cyclical market.

Key Takeaways:

[3:45] The vast majority of us came from very humble beginnings

[8:06] “Luck is what happens when preparation meets opportunity” - Seneca

[10:24] The content is what happens, the context is the environment (our head) it happens in

[17:45] The risk when investing is in high land values

[18:26] Three types of markets: linear, cyclical and hybrid. What market is a preferred market for investing?

[23:00] Low land value equals low risk, high land value equals high risk

[28:10] Human biases: recency bias, sunk-cost bias, and certainty bias can all distract an investor

Websites:

www.JasonHartman.com/Properties

The PropertyCast

www.WeGoLook.com

www.NoLo.com

www.RocketLawyer.com

www.Buildium.com

Direct download: CW_1375_George_Gammon3.mp3
Category:general -- posted at: 5:00pm EST

In Part 2 of this 3 part series, Jason Hartman breaks down the ingredients of a house, otherwise known as “the improvement.” Jennifer, the insurance agent, is a key to understanding the land versus improvement value, and George Gammon shares an exhausting experience with lot subdivision and development. Eric, the appraiser comes out with good news prompting the question, “how would you allocate the new value between the two primary components, land and improvement?”

Key Takeaways:

[8:13] CPA (Cost Per Action) and is it applicable in a Real Estate Investment

[13:37] The ingredients of a house starting with raw materials

[16:46] “When I’m looking at an income property... I look at it as though I’m buying a stream of cash flow.”

[13:38] The ingredients of a house, labor costs

[24:06] The ingredients of a house, regulations

[27:20] The ingredients of a house, cost of energy

[29:05] “How do I know the land value vs the improvement value?”

Websites:

www.JasonHartman.com/Properties

www.WeGoLook.com

www.NoLo.com

www.RocketLawyer.com

www.Buildium.com

Direct download: CW_1374_George_Gammon2.mp3
Category:general -- posted at: 5:00pm EST

George Gammon interviews Jason Hartman about The Jason Harman Risk Evaluator. In Part I of this three part series, Jason describes his ‘aha moment’ after 19 years of experience in Real Estate. The story begins with a call from Jennifer, an insurance agent in Irvine, California that leads to the necessity and application for understanding the LTI (Land to Improvement ratio).

Key Takeaways:

  • 1:10 Homework Assignment - GDP, Per Capita GDP, PPP

  • 16:20 “No such thing as a passive investment”

  • 18:03 The Hartman Risk Evaluator, LTV and LTI ratios discussed

  • 21:28 The call from Jennifer, the insurance agent

  • 23:45 What factors increase improvement value

Websites:

www.JasonHartman.com/Properties

The Rebel Capitalist Show

Direct download: CW_1373_George_Gammon_1.mp3
Category:general -- posted at: 5:00pm EST

Jason Hartman speaks with returning guest and author of the book, “Heads I Win Tails You Lose,” Patrick Donohoe. The conversation touches on topics of an ever changing world culture that continues to reshape how we approach wealth, the freedom to do, and in what we find meaning. Despite some of the chaos and cultural decay, the 2020’s are going to bring some excitement to the world.

[20:40] It’s not freedom from having to do something, it’s freedom to do something.

[22:07] The order of magnitude: an interesting time in history where we are going to see massive change.

[24:00] The rising 3 billion, that aren’t online yet: If you think that society has benefited from sharing knowledge, you’re right.

[26:38] There will always be winners and losers

[28:40] The Ritz Carlton Slogan discussion: “Systemize the predictable so you can humanize the exceptional.”

[32:27] People are still trying to find meaning in other things.

[33:16] A little bit of struggle is good for the human spirit

Website:

www.JasonHartman.com/Properties

www.HeadsOrTailsIWin.com

Direct download: CW_1372_Pat_Donohoe.mp3
Category:general -- posted at: 5:00pm EST

Today's Flash Back Friday comes from Episode 1035, originally published in August 2018.

Jason Hartman starts off today's episode with a tale of his current lawsuit and the experience it's given him with the legal system. The way our current system is set up nobody wins, and there doesn't seem to be a lot of accountability going on either.

Jason also plays some Voxer messages from client Drew Baker about his recent experiences doing self management. After that Jason finishes up his interview with podcast producer Adam Schroeder. This time the two discuss finding repair people, what to expect from property management software, whether to allow grace periods and what kind of late fees to charge.

Key Takeaways:

[1:57] Nobody wins in our current legal system

[6:04] Get the latest properties available from Jason through the PropertyCast

[7:38] Drew's experience self managing

Adam Schroeder Interview:

[13:32] You should have a clause in the lease stating which repairs the tenant is responsible for

[17:58] What to expect from property management software

[22:01] The importance of an increasing late fee

Website:

www.JasonHartman.com/Properties

www.FreeCourt.com

The PropertyCast

Direct download: CW_1371_FBF_Adam.mp3
Category:general -- posted at: 5:00pm EST

Did you know that there are more than 200 markets across the United States where the "typical" home costs more than one million dollars? Jason Hartman explores what is going on with home prices and where some surprising locations are that have incredibly high real estate prices.

Then Jason talks with Pat Hiban, author of Tribe of Millionaires: What is One Choice Could Change Everything? and co-founder of GoBundance, about the multiple effects that are in our lives and how we can situate ourselves in a way that we can live our best life.

Key Takeaways:

[2:07] There are over 200 cities where the "typical" house is over $1 million

[7:04] Some surprising cities that made the million dollar list

Pat Hiban Interview:

[13:34] Be careful in good times like these that you're not dealing with people who are just skimming the cream off the top and won't be here for you when things turn

[25:36] The "one sheet" idea Pat uses in his masterminds

[29:02] The Connection Effect

Website:

www.TribeOfMillionaires.com

www.JasonHartman.com/Properties

Direct download: CW_1370_Pat_Hiban.mp3
Category:general -- posted at: 5:00pm EST

Jason Hartman and investment counselor Carrie go over how the network functions. The two explain the process of finding properties, getting financing, evaluating the provider, and choosing property management. This can seem to be a daunting task, but that's why the network exists: to provide the complete solution for real estate investors.

Key Takeaways:

[5:08] The middle market between Fannie Mae/Freddie Mac loans and hard money has been a boon for investors

[10:52] Keep your investment counselor in the loop with your purchases, having a Jason Hartman email address in the thread helps things move faster

[14:34] Form relationships with market specialists so that you can know what you're getting into with future properties

Websites:

www.JasonHartman.com/Properties

www.RealEstateTools.com

Direct download: CW_1369_Carrie.mp3
Category:general -- posted at: 5:00pm EST

Jason Hartman and Rabbi Evan Moffic take a look at America's one affordable trophy city: Chicago (which just so happens to be where Evan lives). The two explore the things going on in the area that are helping drive business and helping investors in the area make some good money.

Then Jason and Evan explore the Memphis market and what the two like about the future of the city.

Key Takeaways:

[8:28] YouTube offers the ability to learn anything

[12:15] Chicago is the only cheap, iconic city in America

[16:04] Democrat leaders in Chicago have still been pro-business

[19:02] 2 big things that are happening in Chicago right now that are good for investors

[22:09] Evan's thoughts on the Memphis market

Website:

www.JasonHartman.com/Properties

Direct download: CW_1368_Evan.mp3
Category:general -- posted at: 5:00pm EST

Jason Hartman and Investment Counselor Sara take a look at what they like about the Orlando market, in terms of the city itself and the team that's providing properties there. They also explore some of the ways that pro formas can be manipulated and why new construction is able to outperform projections.

Key Takeaways:

[2:43] Why Sara likes the Orlando market and team

[7:05] Things are going to get worse for both homeowners and renters unless we can get the cost of materials and construction under control

[10:46] Why rent guarantees are overrated

[12:50] Other areas where new construction is available

Website:

www.JasonHartman.com/Properties

Direct download: CW_1367_Sara.mp3
Category:general -- posted at: 5:00pm EST

Returning guest Adam Schroeder joins Jason Hartman for this episode, as the two discuss the steps for transitioning from professional management of rental properties to self management. Adam and his wife have 3 (going on 4) properties and are thinking that the time is soon coming to venture out on their own. But before doing that there are some important things to do like what information to get from your property manager, what kind of initial contact to have with the current tenant, finding forms and contracts when you're finding/reupping tenants, pet rent, and more.

Key Takeaways:

[3:36] Why Jason loves a good recession

[8:29] Jason's been involved in around 10,000 real estate transactions

[13:08] Sometimes removing a property manager actually makes things easier

[16:27] The information you need to get from your current property manager if you're going to make a switch

[21:26] A way to change your relationship with your property manager rather than completely ending it

[24:09] Bad property manager reviews on sites like Yelp might be a good thing, that's why you have to read them

[29:23] Insurance: individual policies or a commercial policy?

Websites:

www.JasonHartman.com/Properties

www.WeGoLook.com

www.NoLo.com

www.RocketLawyer.com

www.Buildium.com

Direct download: CW_1366_FBF_Adam_Schroeder1.mp3
Category:general -- posted at: 5:00pm EST

Jason Hartman and economist Thomas look back on the 2010s to see what the biggest stories were for investors. From the War on Terror to Obamacare to the aftermath of the Great Recession, it was a decade fraught with ups and downs that provided opportunities for investors to make good money.

Key Takeaways:

[5:13] The 10th biggest story of the decade: the War on Terror explodes the deficit

[8:20] Why European debt issues will come to the fore in 2022

[12:37] The idea of Purchasing Power Parity and what it says about China's economy vs the US

[16:42] As much as Jason doesn't like Obamacare, it makes the list of Top Stories of the 2010s

[26:53] What Jason learned years ago during his day as a lobbyist

[29:10] Thomas is seeing at least a 15% drop in the market coming when the Fed decides to let risk enter the market again

Website:

www.JasonHartman.com/Properties

Direct download: CW_1365_Thomas.mp3
Category:general -- posted at: 5:00pm EST

Jason Hartman and Lisa take a look at the phenomenon that's sweeping homebuilders across the country: build to rent. It's something that's not been done before and that Jason takes as a very positive sign for renter growth moving forward. Jason and Lisa then discuss whether the differences between new builds and renovated properties before moving into some market profiles in Florida and Oklahoma City, where we are happy to be venturing back into.

Key Takeaways:

[2:34] What the build-to-rent phenomenon means the builders are thinking

[6:06] Even Toll Brothers is getting into the Build-to-Rent phenomenon

[12:05] Jason's thoughts on appreciation of new home builds vs renovated properties

[17:27] A clip on the growth going on in Florida. The new Texas?

Website:

www.JasonHartman.com/Properties

Direct download: CW_1364_Lisa.mp3
Category:general -- posted at: 5:00pm EST

Jason Hartman and Investment Counselor Adam take a moment today to discuss the hot topic of Modern Monetary Theory (MMT). Adam, being a big proponent of MMT, plays a clip from a recent episode of The MMT Podcast and discusses what MMT is, how we can use it in our observation of the economy, and what it can mean for our investing. After they finish up their MMT talk, the two profile a property that's available in the Atlanta, GA market.

Key Takeaways:

[3:49] How money becomes money

[8:03] Why Adam and Jason think cryptocurrencies not backed by the government will never thrive

[14:25] What we actually need to worry about when we have a tax cut or increase in government spending

[17:37] Shrinking deficits lead to pullbacks and federal surpluses lead to recessions

[25:40] Property profile in Atlanta

Website:

www.JasonHartman.com/Ask

www.JasonHartman.com/Properties

The MMT Podcast

Direct download: CW_1363_Adam.mp3
Category:general -- posted at: 5:00pm EST

Jason Hartman and economist Thomas look back at some of the happenings of 2019 and then try to envision what's going to be happening in 2020. The primary thing being discussed today is the yield curve. There is constant talk about how a negative yield curve signals recessions, but how long does it have to be negative? Were we inverted too long in 2019? How long before we see the results of the negativity? Jason and Thomas try to answer all these and more.

Key Takeaways:

[4:13] What does the yield curve exploding mean?

[7:17] Why an economist is saying that real estate is less risky than stocks in 2020

[12:36] Hybrid markets had a good 2019 and look like they'll have a good 2020 as well

[13:38] A CNBC clip about the yield curve

[18:14] The Fed has the dual mandate of moderate to low inflation with maximum employment, but they seem to consider financial stability as a 3rd mandate

Website:

www.JasonHartman.com/Properties

Direct download: CW_1362_Thomas.mp3
Category:general -- posted at: 5:00pm EST

Today's Flash Back Friday comes from Episode 1001, originally published in May 2018.

Creating Wealth's 1001st episode is a time to take a look back at the people who have made this show possible: the listeners and clients. Jason has been blessed to have such great clients who come on the podcast to tell other listeners about their real estate journey. Today we've curated some mini client case studies as we look back at what actual real estate investors have to say about their experience working with Jason.

Website:

www.JasonHartman.com/Events

Direct download: CW_1361_FBF_Mini_Case_Studies.mp3
Category:general -- posted at: 5:00pm EST

Jason Hartman explores what's happening in America today when it comes to population growth (or the lack thereof). When you look at the demographics of babies being born today and what the housing market is going to need in 30 years, it's not a great thing for society. But that's why investment real estate can protect us.

Then Jason talks with Quint Studer, author of Building A Vibrant Community: How Citizen-Powered Change Is Reshaping America and founder of Studer Community Institute, about how he was able to change Pensacola, FL and how other areas could be renovated using the exact same strategies that he employed.

Key Takeaways:

[2:43] 3 basic things that comprise population trends

[7:56] Construction in the 2010s was virtually non-existent

Quint Studer Interview:

[14:23] The components of Pensacola's turnaround

[17:58] In the midst of the Retail Apocalypse, what is actually working in retail?

[21:40] Civic Conversations, bringing in experts to discuss their specialties, opened up opportunities they didn't realize would happen

[24:28] There needs to be heavy investment into skill development

Website:

www.VibrantCommunityPartners.com

www.StuderI.org

www.PNJ.com/CivicCon

Direct download: CW_1360_Quint_Studer.mp3
Category:general -- posted at: 5:00pm EST

Jason Hartman and Investment Counselor Adam take the first day of the year to challenge every listener to sit down and make an investment plan for the year. Yes, New Year's Resolutions are cliche, but making a plan is better than not, and it's important to push yourself. You want to make it hard to reach, but not impossible. You need to take inventory of the things in your life you have, the things you can monetize, the things you can cut back on, and the things you can't or won't cut back on. After doing this you'll have a realistic look at what you can do to invest in your future.
 
Key Takeaways:
 
[8:47] You want your New Year's goals to be just out of reach but not out of sight
 
[13:39] A Jacksonville, AR property profile
 
Website:
 
Direct download: CW_1359.mp3
Category:general -- posted at: 5:00pm EST

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