Tue, 31 March 2020
How have short-term rentals changed amid coronavirus? Jason interviews Evan on his recent short-term rental purchase and how bookings have changed. Once again, this proves the shift from high-density living environments to low-density dwellings.
Stay tuned in to hear from a local market specialist with details on Jacksonville, Ocala, Palm Coast and Atlanta. What information can we learn about current mortgage rates and how they compared to rates post 9/11?
[4:00] Closing on a potentially life-changing short term rental, with Evan
[7:30] Airbnb property manager is using dynamic pricing
[9:45] Lower density areas are perks for short-term rentals, especially if they are in driving distance from high density locations
[14:45] Real estate, if you can stay when others fold you’re really in good shape
[18:00] Part II - with local market specialist
[26:22] Current mortgage rates are better now than we’ve ever seen
[27:40] Updates on Jacksonville, Ocala, Palm Coast, Atlanta
Direct download: CW_1423_Airbnb_vs_Coronavirus_Market_Profiles_At_Jack_Palm_Ocala.mp3
Category:general -- posted at: 5:00pm EST
Mon, 30 March 2020
1422: Rent Strikes, Sec 8 Government Rent, New Investors Should Wait, Mobile, AL, Indianapolis, IN Properties
Will renters strike on April 1? Investment counselor, Sara, joins Jason on the show today to discuss recent market changes and available properties. Interestingly, mortgage rates are on the rise while Fed Rates drop. You’ve heard of trickle-down economics, but let’s discuss trickle-up economics right now. Lastly, the expectation for a home is shifting slightly, as home offices become a much-needed accessory.
[2:10] Fed Rates drop but mortgage rates go back up
[3:00] Non-owner-occupied investor mortgage rates are different than primary residence mortgage rates
[6:30] Commercial real estate is to be considered more-so a business, and less-so an investment
[12:15] Trickle up economics
[13:17] Property Update: Mobile, Alabama $95k with rent of $950
[15:00] Will there be an expansion in Section-8 housing?
[19:10] The ratio of bathrooms to bedrooms is no longer the same in this world
[21:05] An investment property in the longest-running market for JasonHartman.com: Indianapolis, Projected Cash Flow $259/month
[24:00] On a budget new investors, keep waiting
[26:50] Reach out to one of our investment counselors, ‘therapists,’ for pandemic investing
Fri, 27 March 2020
Today’s Flash Back Friday comes from Episode 1197, originally published May 20, 2019
Jason Hartman and Kerry take today to look at some of the signs in our economy today that don’t point toward a rosy future. But don’t take that to mean the sky’s falling and we’re headed for a doomsday scenario, we’ve still got some runway left.
The two also discuss how self-management can show you things that you wouldn’t have known just sticking with a property manager. You don’t HAVE to self-manage, but it’s important to know how to self-manage so you don’t get taken advantage of by your current manager.
[2:39] There are ominous signs out there for the economy, so we’ll see how much longer it can hold them off
[5:47] For the first time in a long time, Kerry is bullish on the New York real estate
[13:13] Where will the next recession come from?
[17:05] There’s an urgency that you need to do something now rather than waiting around
[21:04] Why Kerry thinks Indiana has been the longest running market for Jason’s company
[25:19] Utilize your tenants as your assets
[30:51] If you choose to self-manage, remember to track ALL of your expenses
Thu, 26 March 2020
Industries are changing, money is moving around, and we want to help you capture as much of it as possible in this time of change. Today, Jason Hartman brings you statistics about the "Work From Home" Google Searches that have recently skyrocketed. As well, what other aspects of life are changing due to the Coronavirus Pandemic?
Are there similarities between Ebola and Coronavirus? Our 10th Episode Feature from The Holistic Survival Show is an archived interview with guest Dr. Lee Hieb. Jason Hartman invites Libertarian Candidate, Dr. Lee Hieb, to give her professional opinion on Ebola. Together, they discuss some of the potential solutions to alleviating the situation, as well as considering what could have been done better at the point of an outbreak. Hieb also talks about changing attitudes to her party and why these are so important.
[2:30] Message from a listener: Jeremy
[4:30] “Work From Home” google queries have skyrocketed
[13:00] The parallels of ebola and coronavirus as a prelude to our Holistic Survival interview
[17:30] Jason Hartman asks the question everyone is thinking: Ebola – real threat or just a lot of hype?
[18:19] If we’re going to stop the spread of Ebola, we have to stop the movement of people.
[21:42] We have found some treatment options for Ebola, but if we reach a level where we have thousands of victims, it’s just not feasible.
[23:19] Increasing your vitamin D levels can go a long way to increase your overall health, with studies linking it to lower cancer risks.
[30:28] Don’t be fooled into thinking Ebola spreads like HIV – it is far more easily spread and there’s a lot we still don’t know about it.
[37:00] Now there are some fears about if we use the military and impose martial law as an excuse to ‘fix’ other issues.
[41:02] Hospitals in the US simply don’t have the training or the equipment to be able to deal with this disease.
[42:52] Members of the Association of American Physicians and Surgeons believe that medicine is between a doctor and a patient, not a doctor, patient and a government bureaucrat.
[45:25] The Libertarian Party and its values are starting to be better understood by the American people.
Wed, 25 March 2020
Does real estate investment beat the stocks, even if the tenant doesn’t pay? Jason and Adam discuss the advantage of real estate investment compared to the stock market, even if a tenant doesn’t pay. This question strikes a chord as millions of Americans will have trouble paying their rent or mortgage on April 1.
Remember to stay calm, keep good counsel, keep your eye on the ball and take action.
Jason is joined with Tom, to wrap up advice and details about the 1031 tax-deferred exchange alternative.
[2:45] Millions of Americans will have trouble paying rent/mortgage
[6:00] Stay calm, keep good counsel, keep your eye on the ball and take action
[11:08] Will there be a decline in the use of public spaces?
[15:30] Does real estate beat the stock market?
[18:40] What is the average return on real estate investment? Adam shares his experience with the 100k home
[21:45] Johnny from Arlington
[23:10] The loan modification culture is back
[23:49] Learn More: Strategic Defaults & Loan Modifications
[28:40] Reach out to one of our investment counselors to build a relationship with them and to gain some knowledge in a given market
[30:30] The 1031 Tax-Deferred Exchange Alternative, Part II with Tom
Wed, 25 March 2020
Jason Hartman is privileged to have on the show a special guest and future investment counselor, Jacelyn. At 8 years old, this Proforma Pro is here to keep you up to speed on some newly available properties. Jason and Jacelyn discuss everything from ROI to Debt Coverage Ratio.
[1:00] Silver Linings: People are taking this time to improve their skills and learn
[2:35] Jacelyn 8 years old student investment counselor,
[4:16] Property in Memphis 3 bed 1.5 baths at $73k
[5:15] At times like these, it’s good to remember the debt coverage ratio. That is how likely is it that you could ever really get into trouble with a property
[7:00] Preconstruction duplex in Citrus Springs, Florida
Tue, 24 March 2020
Today, Jason Hartman unlocks one of the most powerful investment tools as an alternative to the 1031 exchange. The great thing about coupling an unsecured loan with a qualified intermediary installment sale is that you start with a new property and a new depreciation schedule.
Before this investment skill is revealed, Jason shares an update on the promise of the ‘federal’ reserve plan to keep the economy in shape. Beware of the elevator, even the NYTimes is talking about the population density problem.
[2:10] The US ‘federal’ reserve is taking the role of buzz lightyear, to infinity and beyond. They will provide unlimited asset purchases, with no limit to what they will do to prop up the economy
[5:32] Winning is a relative game: Here’s how you do it!
[9:35] “Density is really an enemy in a situation like this (coronavirus)” NYTimes Dr. Steven Goodman, an Epidemiologist at Stanford University
[10:10] Trump is going to reopen the US
[11:00] Chinese are cleaning their money, digital currency
[12:00] Everybody needs more room if we are going to be at home all the time
[14:25] Guest, Tom
[16:45] If you do an installment sale, you pay taxes on an annual basis
[19:15] Why is a QI (qualified intermediary) needed?
[25:50] The great thing about coupling an unsecured loan with a qualified intermediary installment sale is that you start with a new property and depreciation schedule
[28:50] Don’t forget the rule of 72
[33:10] This can be a rescue from a 1031 exchange that isn’t working out
Mon, 23 March 2020
Hoax or not, we are facing a recession. Jason Hartman discusses the suburban differences between China and the U.S. We should all expect to see Stimulus Maximus. How much debt can we handle before things don’t work out?
Our guest today is Venture Alliance Member Mike Zlotnik who is preparing for the good, bad and ugly.
[3:00] Hoax or not, we are facing a recession
[10:00] The U.S. is unlike China, think suburbia
[11:50] Stimulus Maximus
[14:00] How much debt is too much debt? Nobody knows
[19:30] How is the market responding to the Coronavirus right now?
[20:30] I cannot predict the future, just prepare for the good, bad, and the ugly
[29:15] Buying limited partner (LP) shares at a big discount
[31:30] A migration away from the dense areas of residence
Fri, 20 March 2020
Todays Flash Back Friday comes from Episode 641, originally published March 2, 2016
Dedicate a portion of your wealth to your living, emotional and material capital.
If you have been watching mainstream media to keep up with current events in the financial world you may not have heard of these alarming changes. Chris Martenson joins Jason to warn us all about the looming upheaval in the global economy, additions to legislation in the US, and how the stock market no longer makes sense. 2016 could be the year the world falls into a deflationary spiral causing many countries to default on their dollar based financial obligations. He says the warning signs are there and if you are concerned with keeping your life balanced you should be investing in alternatives to oil, fertile land and your emotional well-being.
[1:42] Why is it an amazing time to be alive?
[2:48] The Salt Lake City JHU Live event
[5:14] Join the Venture Alliance Mastermind – Commandment #3 Thou shalt maintain control
Chris Martenson Guest Interview:
[9:09] Will Brazil be the first Black Swan default country?
[14:21] During the global downturn there will be nowhere to turn
[15:35] Japan – Demographics and the lack of natural resources will be their downfall
[17:59] The economic debt of the world is 200 Trillion dollars
[20:30] Normalizing interest rates
[21:37] 2016 – The global economy could go into a deflationary pattern
[27:46] The Omnibus spending bill made derivatives senior obligations of the banks
[33:13] People should become aware of the risks and make an action plan
[35:25] “How to Prosper” and how to become resilient
[40:12] The stock market no longer makes sense
[43:34] Robots will be a true disruptor
[45:44] The future will see 3 billion people in the middle class who are consumptive
[49:49] How to contact Chris and get the “How to Prosper!” book
[50:26] Losing emotional capital costs more than financial ruin
Direct download: CW_1416_FBF__Chris_Martenson_If_the_World_Falls_Apart.mp3
Category:general -- posted at: 5:00pm EST
Thu, 19 March 2020
Home is the center of the universe, beware of the elevator, the mosquito, and the handshake. Coronavirus is reshaping parts of the world and Jason has some insight to share along these lines. While bailouts are to come, and stocks are a rollercoaster, Real Estate Investment carries on, looking good.
Commandment #22 will look better and better as people choose to live with a bit more distance, be that social or residential.
Jason shares a personal experience with an inflation timeline based on a BMW purchase. This leads to the reiteration of understanding hedonic pricing. Evan talks about the counterintuitive advantage of a high loan balance.
[1:40] Restocking fees along with returning
[4:15] Thou shalt invest in low-density environments - Commandment #22
[9:00] When this flattens out (Coronavirus)
[13:15] The return of the ‘Return Policy’ for Real Estate
[17:45] The best insurance is a high loan balance
[22:12] 74% inflation since 1994 based on the price of a BMW
[36:50] hedonic indexing describes how product price could be explained by the product's characteristics, E.G. the pleasure you receive from a product
Wed, 18 March 2020
Coronavirus is impacting everyday life, but income property still proves to be the number one asset class in the world. Jason shares his new commandment of the Ten Commandments of Real Estate Investing with commandment #22.
In the second half of today's podcast, the important question, Can you return a property? If so, how do you return it? Jason Hartman speaks with guest Evan Moffic on how to return property and what benefits one might have in doing so. It’s important to remember that the best insurance is a high loan balance.
[1:52] Coronavirus Updates around the world
[5:02] Income property compared to precious metals, and the stock market is still the best performing asset class in the world
[8:15] Commandment #22: thou shalt invest in…?
[11:30] A primary metric for understanding Commandment #22, hint: it has its ups and downs
[16:55] What if you as a consumer buy a property and you’re unhappy with it?
[23:45] 80-90% of your portfolio should be in the conservative linear markets
[24:30] How do you return a property?
[29:25] Real estate, like many other products, has a return policy
[31:05] The banks will work with you if you owe them a lot of money
Tue, 17 March 2020
Can we talk about something else? Jason Hartman invites Michael Ainslie to the show to discuss his book, A Nose For Trouble. As well, Michael shares his business tactics helping to grow Sotheby’s in his time with the company. In his stories as Director of Lehman Brothers, Michael talks about SATURDAY MORNING, the weekend that changed Wall Street forever, and some hypotheticals had things gone differently in 2008. And finally, Michael shares a brief story about the beginning of The Posse Foundation.
[3:00] Ten (actually 21) Commandments of Successful Investing, Amendment: Commandment number 22?
[7:00] Michael Ainslie
[9:15] Sotheby’s growth using “good, basic business tactics”
[13:18] The art market and purchasing of major works has become a way for new wealth to distinguish themselves
[13:40] The Sotheby’s scandal with Christie’s Auction Company
[16:00] Sotheby’s real estate, “white elephants”
[20:00] SATURDAY MORNING, Geithner said, “you have two hours to save Lehman,” the weekend that changed Wall Street forever
[24:08] If there were no bailouts, what would that have looked like?
[33:10] The Posse Foundation story
Mon, 16 March 2020
Almost speechless, Jason Hartman discusses financial strategy along with best/worst-case scenarios in dealing with the Coronavirus. The economy of planet Earth is possibly facing a global hibernation. How long will it last, and how will we recover?
In today’s second segment, Jason speaks with guest Drew Baker, about self-management tips and applications to ease some of the hassles. Drew speaks about his experiences with the value of quality tenants.
[2:51] The economy of planet Earth is going into hibernation mode
[4:08] “Buy on fear, sell on greed.” -Warren Buffet
[6:28] How do you recover from a couple of months sliced out of an annual GDP?
[8:15] Exploring best/worst-case hypotheticals
[12:05] Supply/demand shock
[14:00] Inflation Induced Debt Destruction profits to come
[17:30] Drew Baker
[18:43] Buildium vs Property Tracker
[23:00] A better quality tenant can make for an easier self-management experience, a lower quality tenant makes the property manager a little more needed
[27:00] A great tenant goes a long way
[32:00] Coronavirus, a baby-boomer bomb
Fri, 13 March 2020
1411 FBF: Cash Flowing in a Higher Rate World: The Return of Deferred Down Payments, ARMs & the Buy Down
Todays Flash Back Friday comes from Episode 1064, originally published October 1, 2018
Jason Hartman takes today’s episode to discuss how investors can cash flow in a world that features increasing interest rates. With the Fed continually raising rates on their way to their goal, investors are seeing their rates slowly rise. Jason takes some time to discuss 3 strategies investors can use to help profit during these times and bring a new report from the self management journey of client Andrew Baker.
Finally, producer Adam talks with a lender from the network about where rates are today, where they’re expected to go in the next few months, and where they’re likely to end up once the Fed stops raising.
[4:20] What things to expect coming back to the market as interest rates rise
[7:59] Pricing a mortgage from the perspective of the mortgage company
[9:12] Calculate when your break even point for paying a buy down is to determine whether or not you should do it
[11:49] Some more from Andrew Baker’s self management adventure
Mortgage Minutes for October 2018
[24:39] Do points make sense right now?
[27:22] Where can we expect interest rates to be by the time the Fed is doing raising rates?
Thu, 12 March 2020
1410: Jim Cramer says, “Print Money,” Protect Yourself From Coronavirus (COVID-19), China Lifestyle Update
Are we on our way to an inevitable recession, will a government stimulus keep us breathing, should we just, “Print Money,” as Jim Cramer put it? On this tenth episode special, Jason Hartman discusses health concerns, global economics, and how to prepare your health and your bank account from the Coronavirus Pandemic.
In our second segment, Jason interviews Shenzhen, China local with an update on the lifestyle changes sparked by the Coronavirus.
[2:00] Are we on our way to an inevitable recession, or will government stimulus keep us clear?
[4:10] Jim Cramer says, “Print money”
[10:00] A quick word from one of our listeners
[13:00] As the demand curve ramps up, that’s when things go crazy
[15:30] Coronavirus (COVID-19), asymptomatic, contagious for up to 14 days without knowing you are sick
[17:20] Handshakes, like mosquitoes are virus carriers
[18:30] How to protect yourself from Coronavirus
[23:40] Coronavirus compared to the Spanish Flu
[28:10] The virus lives on outside surfaces
[30:10] The Chinese Economy, “the workshop of the world” isn’t running near full capacity
[32:00] In China, cities bulldozed dirt over roads to quarantine the towns
Wed, 11 March 2020
1409: The Coronavirus, Tax Deadline Changes, The Doom Vortex, Oil Crash & Guest George Gammon Part 2
Is the Coronavirus a big enough issue to push back the April 15, Tax Deadline?
Wash your hands and pay attention to the economy, oil, the repo-market, the Coronavirus, and Be Prepared! Today, Jason and George pick up with Part 2, topics such as; The Doom Vortex/feedback loop, oil prices, bonds, and what the world needs to prepare for. The Coronavirus is playing a big role in economic changes and Jason and George break down some of the less obvious concepts of how this plays out.
[1:45] Pushing back the April 15, Tax Deadline?
[5:00] The people with the healthiest immune systems are most likely to be asymptomatic and be the carrier
[10:45] Love him or hate him, President Trump has started the trend of bringing more (manufacturing) jobs to the U.S.
[12:15] Part 2 Continuation: George Gammon
[13:15] When Triple B bonds get downgraded to junk bonds
[19:25] Sooner or later, companies like Tesla or Uber will need to sell equity to generate the cash they need to sustain themselves, especially in a recession
[25:10] During a recession, tax receipts plummet
Direct download: CW_1409_George_Gammon_The_Doom_Vortex_Feedback_Loop.mp3
Category:general -- posted at: 5:00pm EST
Tue, 10 March 2020
COVID-19 or Coronavirus is spreading and so are the stories about it. Jason Hartman and guest, George Gammon, discuss the health and economic differences between the Coronavirus and the normal flu. If the health problems weren’t enough, it’s good to understand the economic implications surrounding this world spread virus. Today’s episode dives deep into understanding the relationships existing in the global market.
[4:00] Most people consider the great recession to have started the day that Lehman Brothers failed
[6:30] Understanding nominal value and fiat money
[13:05] The big differences between the Coronavirus and the normal Flu are the R Naught Value, and Serious (non-fatal) Complication Rate
[19:25] COVID-19: a tougher, more hardy virus, living outside of the body
[22:00] A supply shock and a demand shock in the U.S.?
[26:05] How the corporate bond markets and the credit markets are affected by the crash in oil, Coronavirus and everything bubble turning into an everything crash
[24:15] The stock market is like buying in cyclical real estate markets
Mon, 9 March 2020
In today’s episode, Jason is joined from across the world with Shenzhen, China local, Gary Halmbacher to discuss Black Swan Event Coronavirus. Gary shares his experiences with self-quarantining, and local changes just north of Hong Kong.
In the second segment, Jason is joined by Sarasota, Florida realtor, Jeff Twigg. Jason and Jeff discuss aspects of Dan Amerman’s workshop, including ALM. The two also discuss the unanticipated predictions made by Dan Amerman.
[3:05] Guest Gary, from Shenzhen, China explains being self-quarantined
[9:40] Guest Jeff Twigg
[13:11] Discussion on Dan Amerman workshop, and some of his surprising predictions
[16:45] The Roth IRA might go away?
[22:35] Means-testing for Social Security
[24:00] ALM Asset Liability Management Strategy
Fri, 6 March 2020
Today’s Flash Back Friday comes from Episode 1057
Jason Hartman starts off this backward show with guest Scott, who’s an attorney who will be speaking at the upcoming Profits in Paradise about asset protection. The two explore the benefits of a Series LLC and some best practices for asset protection.
Then Jason goes solo and discusses where wage growth is happening in the US (and where it’s not), and how trade wars and interest rates are connected right now.
[3:25] What is a Series LLC and how can it benefit a real estate investor?
[6:43] The best asset protection you can get defeats lawsuits before they even start
[11:45] What kind of things will Scott be presenting in Hawaii?
[17:57] The first part of asset protection is financial privacy
[20:24] Real wage growth in Hispanic homes was more than 2x other households
[25:22] Looking at rent paid like your tenant was your employee
[28:18] The only linear market in the top wage increase list is Columbus, OH.
[29:40] Trade wars are keeping interest rates lower
Thu, 5 March 2020
Jason Hartman speaks with today’s returning guest, Adam, about current news including; another federal rate cut and COVID-19. While it’s hard to escape the COVID-19 discussion right now, it’s easy to plan for your financial future. Jason and Adam discuss the property investment benefits of an ever-increasing work-from-home environment.
Check out two new construction property profiles with a great debt coverage ratio. Also, be the first to see new properties in the Proforma by subscribing to the PropertyCast in the link below.
[1:30] Another rate cut by the not-so federal reserve
[4:40] COVID-19 may fade out by springtime
[7:00] The 100k bread-and-butter home holds a profit until your rent drops more than 20%
[9:00] New construction in Jacksonville
[10:37] Debt coverage ratio = how likely am I to ever get into trouble with this property
[13:00] Property Cast - uploaded Proformas in pdf form, distributed like a podcast
[17:30] A new construction in Palm Coast
[21:00] General health: stop high-fiving. Instead, maybe bow?
[24:45] The British government is telling people to avoid human contact for twelve weeks
Wed, 4 March 2020
Jason Hartman asks Rabbi Evan Moffic back to the show to discuss Biden’s plan to revive anti-discrimination policies at the federal level. If his plan goes through, we can be sure that investors at the very least, will benefit. Don’t forget the important, fourth kind of appraisal.
If you’d like to live a little longer, drink water, eat healthily, and create wealth. The continuation of today's podcast discusses the recently released statistics making claims that life expectancy is related to wealth.
[2:00] What’s Joe Biden doing? A hidden benefit for real-estate investors
[7:16] ...as a result, owner-occupied homes in majority African-American neighborhoods are undervalued by $48,000/home on average
[10:40] The additional fourth (of three) kinds of appraisals; comparison, income, cost, and selling the property to a buyer.
[15:00] Wealth can contribute to an additional 15 years on your life
[24:30] The health of your body is the health of your cells
Tue, 3 March 2020
What will happen and what does it mean; the lowest interest rates in history? Jason is joined today by investment counselor, Sara, to discuss some new properties and their benefits. The two discuss the real estate market that has been trending upwards, causing few to want to wait. Don’t try and time the market. Instead, focus on understanding the income property strategy.
Save the date, Meet the Masters 2020 is set for beautiful San Diego, May 2nd and 3rd.
Do you have what it takes to be a successful investor? Don’t forget to check into the Jason Hartman Blogcast.
[2:35] The lowest interest rates in history?
[8:00] The real estate market has been trending upwards, why wait?
[13:00] In the Dayton market, $119k
[19:10] Meet The Masters 2020 in beautiful, San Diego
[21:10] Do you have what it takes to be a successful investor?
[22:20] What’s your willingness to learn?
Mon, 2 March 2020
1402: All ROI Is Not Created Equal, Coronavirus Vaccine, How Typical Income Has Changed, Internships A Plus, Florida Rent Control
People aren’t the problem, they solve problems. Jason shares news of the Israeli scientists’ claim to a Coronavirus vaccine. The typical income has changed dramatically in 40 years, and so has the way a family’s spending has been shaped. College or internships, the benefits of the latter. Jason answers a question from Florida Rent Control.
In today’s second segment, All ROI is not created equal. Learn one of the most valuable lessons of income property investments, IDEAL.
[1:30] The Israeli scientists say they have a Coronavirus vaccine coming out in just a few weeks
[2:30] People solve the problems
[5:30] The typical male income no longer covers a family of four expenditures
[10:00] College or internships?
[12:45] Sebastien from JasonHartman.com/ask - was reading a report from Marcus & Millichap report about Florida Rent Control
[19:00] Acting as a landlord in California can be a risky business
[22:00] All ROI is not created equal
[22:30] Income - cash flow from your investment (rent revenue)
[23:20] Depreciation - a non-cash expense that recognizes the reduction in useable value for a piece of property over time
[23:40] Equity - as the self-liquidating loan payments are made, it results in an increase in wealth for the investor
[24:08] Appreciation - when the value of a property increases over time
[24:50] Leverage - the use of other people’s time and money