Creating Wealth Real Estate Investing with Jason Hartman (podcast)

Land contracts are something that a lot of investors have heard of, but maybe don’t fully understand. Jason Hartman invites Meet the Masters speaker, Justin, to join him on the Creating Wealth Show to discuss what land contracts are, how they differ from traditional landlord operating processes and even goes in to what to do if it all goes wrong. He’ll be speaking more in-depth at the Meet the Masters event in January, but here’s a taste of what you can expect.

 

 

Key Takeaways

06.10 – Justin provides his personal experience and how he started to get involved with land contracts. 

09.50 – Land contracts are there to help out those who can’t buy through conventional financing processes.

14.25 – Because of the distinction between owner and deed holder, tenants with land contracts usually have a different mindset which is far more preferable for landlords.

18.25 – Negotiations are currently happening in an attempt to get around an 85% discount on land contracts. 

22.05 – There’s always a risk. Here it is: ‘What if the person doesn’t pay?’

27.18 – If getting into this side of investment, it’s vital to know your legal rights and know how to work with the attorneys. 

34.26 – Don’t get lulled into a sense of security of thinking it’s risk-free, but there are certain options with fewer risks and more chance of success. 

37.00 – Know your land contract buyer and their background before agreeing anything. 

 

38.58 – If you haven’t yet registered for Meet the Masters, time and capacity limits are now running short so be sure to take advantage of a great opportunity and register at www.JasonHartman.com

Direct download: CW_454.mp3
Category:Podcast -- posted at: 10:47pm EDT

To introduce today’s Creating Wealth Show, Jason Hartman invites Darlene to give a taste of her and her husband’s Roth IRA strategies, of which she will discuss more when she joins the speaker list at January’s Meet the Masters event. She also talks about the positive impact that various masterminding events have had on her personal and professional development.

 

Later, Mark, a client and follower of the podcast joins Jason to talk about a wide-ranging series of topics. Living in Switzerland, Mark provides an international look at some changes in the world’s real estate markets, but they also consider deflation and inflation issues as well as how the mainstream media is largely in bed with the government, regardless of which country you’re talking about. 

Direct download: CW_452.mp3
Category:Podcast -- posted at: 9:58pm EDT

Jason Hartman introduces today’s Creating Wealth Show with a discussion about the benefits of being able to travel comfortably, the importance of getting what you want from a conference or event and he poses the huge question: Are we gearing up for another housing crash?

 

With a very clear focus on Wall Street for today’s interview, Jason Hartman invites Mark Faulk, writer and co-producer of The Wall Street Conspiracy to talk about the state of America today, Goldman Sachs’ growing and frankly, scary, influence and the future implications of a police force as militarized as the US’s currently is. 

 

Key Takeaways

03.16 – Earning enough money to travel well and comfortably is as good a priority as any.

06.47 – With speakers confirming and plans taking form, the upcoming Meet the Masters looks to be the best yet.

08.27 – Jason Hartman asks one of the most important questions for real estate investors. 

16.32 – If you’re interested in the future of technology, keep an eye out for an upcoming podcast on the future and impact of these new technologies being developed.

21.18 – The conspiracy starts just with the pretence of being stunned at the 2008 collapse.

26.55 – The plot thickens when companies such as Goldman Sachs get involved internationally.

31.18 – The Wall Street Conspiracy (film) addresses the ways in which this betting tradition is changing.

34.52 – Contacts, connections and corruption mean that this sort of thing goes on worldwide.

38.40 – Public opinion is important here. The demand of the people will create the change. 

43.53 – If the police departments and the Government are preparing themselves, we have to be realistic about what could occur. 

47.19 – For more information about the film, head to www.TheWallStreetConspiracy.com 

 

Mentioned in this episode

The Wall Street Conspiracy a film by Mark Faulk

The Second Machine Age by Erik Brynjolfsson and Andrew McAfee

The Naked Truth by Mark Faulk

Direct download: CW_451_Mark_Faulk.mp3
Category:Podcast -- posted at: 12:56pm EDT

For the introduction of today’s Creating Wealth Show, Jason Hartman brings on investment counselor, Sarah, to discuss the impact of masterminding events, tactically managing who you surround yourself with and how the real estate investment marketing is maturing.

 

Today’s guest is Jane Sotkin of Property Place, who provides her wisdom and insight into the tricky topic of emotions. She brings up the interesting idea that emotions are habits formed in childhood, but which if not kept in check, can seriously affect the way your brain works as an adult. 

 

 

Key Takeaways

01.25 – The attitude you display has such a vital impact on your success, it’s incredible.

04.46 – The real estate industry is changing, and with every new technology, it matures faster.

13.46 – Supercharge your investing strategies by surrounding yourself with other successful investors who can push you to work even harder.

19.23 – Joan Sotkin describes how her background led her to her current field of work.

23.17 – Such fundamental things as birth-order and number of siblings can have a huge impact on your psychology as an adult.

28.00 – It doesn’t matter how you process these emotions, but it is vital that you find a way that works for you.

35.40 – We think our lives are set in stone but they’re not. They’re always flexible and changeable. 

40.59 – A big part of success is about sticking to what you believe and paying little attention to how others judge you.

42.55 – Find out more about Joan Sotkin and get access to some great resources at www.PropertyPlace.com

 

 

Mentioned in this episode

Build Your Money Muscles by Joan Sotkin

 

www.PropertyPlace.com

Direct download: CW_450_Joan_Sotkin_Prosperty_Place.mp3
Category:Podcast -- posted at: 3:09pm EDT

Jason Hartman brings in a real estate focus to the introduction of today’s Creating Wealth Show by explaining exactly how you can work out your rent-to-value ratio. As this is one of the most important figures a real estate investor need to keep in mind, there’s no excuse for deceiving yourself.

 

Later, he invites Tim Carney, author of The Big Rip-Off and Obamanomics and writer for the Washington Examiner to come on the show and give his thoughts about the huge and potentially irreversible impact that big business and big Government are having on America. They also discuss topics such as human rights to information and what you say when Goldman Sachs offers you a position.

 

Key Takeaways

03.14 – In some markets, you can’t control the rent-to-value ratio, but you really want to aim for 1% per month or above.

10.35 – Seemingly, the bigger you get, the more you can get away with.

14.18 – Tim Carney provides some examples where regulation seems to have an alternate outcome to what was hoped.

18.12 – A look at the options of how we can possibly dislodge the power of big business and government. 

19.19 – Politics and the economy are starting to work together because fewer people are now gaining from a specific policy.

21.50 – Government agencies don’t even have to worry about subtlety; if they want you they’ll do what they can to get you.

23.34 – Why is it that they can spy on us and we get no information about Government actions, even when they affect us?

25.15 - Big business benefits from and lobbies for big Government to the detriment of the consumer, the competitor and the tax payer. 

27.44 – Technology could be our undoing or it could be our liberation. We’ll have to wait and see.

30.02 – To read Tim’s articles, head to www.WashingtonExaminer.com and his Fellowship is with the American Enterprise Institute: www.AEI.org 

 

Mentioned in this episode

The Big Rip-Off by Tim Carney

Obamanomics by Tim Carney

www.AEI.org

 

www.WashingtonExaminer.com

Direct download: CW_449_Tim_Carney.mp3
Category:Podcast -- posted at: 9:06pm EDT

Inspired by an article from Business Insider, Jason Hartman invites Dan Egan of Betterment onto the show to expand upon the idea of market timing. While much of the focus is on Wall Street and how market timing works in the stock market, a lot of these ideas can be applied to real estate investing. They also discuss topics such as long- and short-term capital gain, high-frequency trading and how happy we are with our own achievements in absolute terms. 

 

 

Key Takeaways

01.17 – Is successful market timing just an unachievable myth?

05.04 – Market trends can come in any form – currently we’re seeing a shift to the South by retiring baby boomers searching for warmer climes.

08.54 – We think about the social and political issues in China, but what about the real estate conditions?

17.15 – Stock trading investments are all about assessing long and short-term achievements. Remember that the government views capital gain in terms of short or long-term. 

17.58 – Dan Egan describes the ‘bid ask spread’, an economic term for the costs you never see a bill for.

21.20 – High-frequency trading might not be everything it’s cracked up to be. You have to compare the situations of the big traders with average Joe’s actions.

27.00 – Personal satisfaction is hugely important, but it’s always competing with our comparisons to the people around us.

29.15 – For more information about Dan Egan and his company, head to www.Betterment.com

 

 

Mentioned in this episode

www.Betterment.com

Flash Boys by Michael Lewis

Direct download: CW_448_Dan_Egan_Market_Timing.mp3
Category:Podcast -- posted at: 8:45pm EDT

In today’s Creating Wealth Show, Jason Hartman invites Jerry Robinson, author of Bankruptcy in Our Nation, to the show to share his views about what bankruptcy would look like. They discuss a variety of topics and consider frankly just how bleak America’s future could look. Robinson also gives his opinion on the impact of America’s international relations, as well as posing the interesting notion that we can see the path of America’s future by looking at the past of the rest of the world.

 

Key Takeaways

03.50 – Negotiating certain aspects of the deal with your property manager is always worth a try.

10.00 – Jason reads through some of the latest listener reviews from iTunes. Is yours there?

22.40 – Jerry Robinson’s Bankruptcy of Our Nation deals with facets of the economic crisis such as what happened, why it happened and what we thought would happen.

25.00 – In a number of ways, the 2014 picture we draw now looks very similar to the state of the world in 1914.

33.47 – No-one does anything for nothing. A closer look at the incentives can provide a lot of insight.

38.00 – The psychological impact of the economy is already taking an effect. People now expect prices and values to go up, and are surprised if they don’t.

46.06 – Maybe we need to reassess our definition of evil to better match today’s global situation.

50.15 – If the relationship between the US and Saudi Arabia changes, it could change the entire balance of power in the Middle East.

52.04 – Exports are always going to be vital, and we need to consider the impact if the US becomes energy-independent.

1.00.34 – International threats, and especially those involving cyber-attacks, must be taken seriously. Even if you’re living in a city, know the precautions you can take.

01.04.00 – Find out about Jerry Robinson’s Five Levels of Financial Freedom at www.FTMDaily.com/fivelevels

01.10.08 – With mortgage debt, as an investor you don’t even need to pay this off yourself – your tenants pay it off for you.

 

Mentioned in this episode

www.zillow.com

 

Bankruptcy of our Nation by Jerry Robinson

Direct download: CW_447_Jerry_Robinson_Bankruptcy_Of_Our_Nation.mp3
Category:Podcast -- posted at: 9:25pm EDT

Jason Hartman’s introduction for today’s Creating Wealth Show focuses around the notion of being an empowered investor. This is the main theme for the 2015 Meet the Masters Event, but is also a vital concept to keep in mind for all of your investment strategies.

Today’s interviewee is none other than Jason’s Aunt Joan, an incredibly successful real estate investor who, together with her husband, owns more than 70 single-family homes around the Sacramento, California area. ‘Old-School’ seems to be the buzz-word of choice, but Joan talks about how she got into real estate, why she still loves it and gives some great advice about property management and keeping your tenants on side. 

 

Key Takeaways

02.27 – How do you become an empowered investor? Find out here and at the Meet the Masters event.

08.27 – The concept of win-win isn’t enough. At least 3 levels means that everyone’s interests are aligned.

16.42 – Jason Hartman asks his influential Aunt Joan about the beginning of her successful lifetime of real estate investing.

22.17 – Low-priced markets might look like the easy way in, but issues could mean big problems later.

29.36 – The Cyber Monday sale at www.JasonHartman.com is now on, with discounts of up to 40%.

36.39 – The information offered by Aunt Joan is available at www.SacRentals.com

42.40 – Be aware, both as an owner and a tenant, about who is paying the city utilities. Owners, flaky tenants could mean this is your responsibility.

45.45 – With tenant selection being so vital to success, you really need to master this in the early stages.

 

51.02 – One of the reasons that real estate retains such popularity is because it’s such a tangible thing. 

Direct download: CW_446.mp3
Category:Podcast -- posted at: 7:05pm EDT

Today’s Creating Wealth Show takes a step away from real estate investment and instead, looks at one of the most successful entrepreneurial stories of recent decades. Jason Hartman invites Brian Smith, the founder and the brains behind UGG Boots to talk about the brand’s unassuming roots, the difficulties of the early years and the steps associated to selling a brand such as UGG. They also discuss many of the points raised in Brian’s upcoming book The Birth of a Brand, which applies an interesting new metaphor to the concept of brand identification and development. 

 

Key Takeaways

01.29 – Rather than Black Friday, we’re celebrating with Cyber Monday deals, so be sure to check those out at www.JasonHartman.com any day now. 

06.20 – The founder of UGG Boots, Brian Smith, describes the brand’s humble beginnings.

10.45 – Experience can sometimes hold you back more than help you out – if you knew all of the obstacles in your way, would you ever start anything?

15.22 – Every image you give out to your target market sends out a message about your brand. Make sure it’s the right message.

19.26 – Understanding business means understanding that you can’t give birth to adults.

28.34 – You need to be able to answer 4 main questions for an investor to even consider taking you seriously. 

31.15 – Never underestimate the power of product placement – it worked wonders for UGG Boots.

34.41 – In business, you have to understand which aspects you’re good at and enjoy, and which you don’t.

37.38 – For more information about Brian Smith, head to www.BrianSmithSpeaker.com 

 

Mentioned in this episode

 

The Birth of a Brand: Launching Your Entrepreneurial Passion and Soul by Brian Smith

Direct download: CW_445_Brian_Smith_Founder_of_UGG_boots_The_Birth_of_a_Brand.mp3
Category:Podcast -- posted at: 10:29am EDT

To introduce today’s Creating Wealth Show, Jason Hartman considers the changes the role of disintermediation has brought about in terms of consumer empowerment, before inviting another attendee of the Birmingham, Alabama Property Tour to share his real estate experience. Scott from Washington DC is an experienced investor who is interesting in branching out and expanding his portfolio into new markets. His main query for Jason is ‘How can I maximize my depreciation in commercial and residential properties?’

 

Later, Jason interviews director and producer, John Sullivan, the brains behind 2016: Obama’s America, America: Imagine The World Without Her and his latest film, Unfair: Exposing the IRS. They discuss many of the issues arising in the various movies as well as touching upon broader topics such as the growing anti-American sentiment and the impact of people’s ideologies and philosophies. 

 

Key Takeaways

02.25 – By becoming a Member before registering for any of Jason Hartman’s events, you can take advantage of huge members’ discounts.

09.11 – Thanks to changes in technology and society, more power is in the hands of the consumer.

16.00 – A big drawback of commercial properties is the much longer depreciation time (39.5 years to the 27.5 years of residential properties).

18.30 – Jason Hartman gives his guest and his listeners some advice on maximizing their depreciation.

22.53 – Unfair: Exposing the IRS takes what we think we know about the IRS and delves even deeper into it.

28.00 – With so many new laws created every year, how can anyone keep to every single law every day?

32.20 – Among Americans, especially students, the perception of America itself seems to be changing.

34.05 – Jason Hartman asks the key question: What would the world be like without America?

26.10 – John Sullivan poses the interesting notion that the main anti-America sentiment is home-grown and has a fairly recent historical stem.

39.30 – The philosophies and ideologies of a lot of Americans are also now being thrown into disrepute.

43.24 – Find out more information about the most recent film at www.AmericaTheMovie.com and about the upcoming film at www.UnfairMovie.com

 

Mentioned in this episode

www.Travelocity.com

www.Expedia.com

www.AngiesList.com 

America: Imagine The World Without Her – a documentary produced by John Sullivan

2016: Obama’s America – a documentary produced by John Sullivan

Unfair: Exposing the IRS - a documentary produced by John Sullivan

Expelled: No Intelligence Allowed - a documentary produced by John Sullivan

Three Felonies a Day by Harvey Silverglate

 

The People’s History of the United States by Howard Zinn

Direct download: CW_444_John_Sullivan_Rev_1.mp3
Category:Podcast -- posted at: 10:38am EDT