Creating Wealth Real Estate Investing with Jason Hartman (general)

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_1007_Kerry_Lutz.mp3
Category:general -- posted at: 8:41pm EDT

Jason Hartman starts off today's show on the heels of his weekend with the Venture Alliance Mastermind in New York. In the car with two attendees, Jason discusses why it's important to improve the level of conversation in your life and why this weekend was useful.

Then Jason talks to The Libertarian Chick, Kristin Tate, about the hidden taxes we all pay in our life, and how to do something about that. Kristin explains that often the taxes that we're paying are not being used for the purpose that you would assume they would be.

Key Takeaways:

[4:25] Try to up-level your conversations

[8:57] Come join Jason for a tropical vacation in November

Kristin Tate Interview:

[10:34] Are millenials just not paying attention to fiscal policies?

[12:33] We are being taxed EVERYWHERE, even when we don't see it

[15:43] Where some of your tax money is going probably isn't where you expect

[20:42] The debauchery tax & unintended consequences

[24:20] Awareness is step 1, what's step 2?

[27:50] The smaller the municipality the easier it is to get rid of the tax

[33:00] How did Kristin get into this line of work?

Website:

www.TheLibertarianChick.com

www.Twitter.com/KristinBTate

Direct download: CW_1006_Kristin_Tate.mp3
Category:general -- posted at: 5:55pm EDT

Today's Flash Back Friday comes from Episode 749, originally published in November 2016.

Jason and guest Gary Pinkerton breakdown the article, 27 Charts That Will Change How You Think About the American Economy. Each chart represents changes in the US economy related to productivity, demographics or inflation. Highlights of the discussion include the possibility for people to work well past the current social security mandated retirement age, the lopsided amount of service jobs as compared to labor jobs and the real opportunity which exist for real estate investors based on the percentage of Americans with a sizable nest egg.

Key Takeaways:

[1:14] Phenomenal opportunities await real estate and income property investors.

[5:15] A Gobankingrates survey illustrates the crisis at hand showing 62% of the US population has less than $1000.00 as savings.

[9:46] Join us for the upcoming Venture Alliance Mastermind in Phoenix.

Gary Pinkerton Guest Interview:

[14:04] Gary was looking for a way to shift active income into passive income which led him to the Creating Wealth podcast.

[16:21] The 27 Charts that will change how you think about the American economy article, by Timothy Lee.

[20:31] As the Service Industry grows, it is a clear indicator of progress and a higher standard of living.

[24:23] People have been dropping out of the labor force since the year 2000.

[26:54] The real estate charts show growth in urban areas.

[31:29] Analyzing chart #19, Inflation-adjusted housing prices.

[36:42] Housing prices have grown a lot faster than construction costs.

[41:06] The ways Americans retire are changing.

Mentioned in This Episode:

Jason Hartman

Hartman Education

Venture Alliance

27 Charts That Will Change How You Think About The American Economy.

Paradigm Life - About Gary Pinkerton

Direct download: CW_1005_FBF_Gary_Pinkerton.mp3
Category:general -- posted at: 2:24pm EDT

Jason Hartman starts off today's episode with a little talk on where interest rates may be headed (according to one economist) and how that would impact current real estate investors. Hint: it's a pretty good thing. He also has to throw in a qualifier to his "Amazing time to be alive" mantra, because there are a few things that aren't amazing right now.

Then Jason finishes up his interview with John Tamny, director for the Center for Economic Freedom, Editor of Real Clear Markets, and author of Who Needs the Fed?: What Taylor Swift, Uber, and Robots Tell Us About Money, as the two discuss the impact of automation on all aspects of our life. John is excited about what all of this change will mean for the common worker and believes it will lead to higher quality of life for all.

Key Takeaways:

[4:12] A qualification to the beloved Jason mantra of "It's an amazing time to be alive"

[7:18] Let Jason control the music and he cares not who controls the laws and the money

[12:13] What Martin Armstrong thinks interests rates will be jumping to

[15:28] Investors already in the game are praying for higher interest rates

John Tamny, Part 2

[20:18] Automation is going to lead into a surge in new kinds of jobs

[25:00] The demand for entertainment and service is going to explode

[26:49] Tamny's Law: as prosperity grows more and more people escape laziness because they find work they love

[28:29] John's thoughts on Universal Basic Income

Website:

www.JasonHartman.com/Properties

www.RealClearMarkets.com

Direct download: CW_1004_John_Tamny2.mp3
Category:general -- posted at: 4:40pm EDT

Jason Hartman kicks off the show with listener Nate and his mom discussing what was learned during the recent Creating Wealth seminar, as well as getting some tips about how to create long-term tenants who are understanding of rent increases.

Then, in part 1 of their interview, Jason talks with John Tamny, director for the Center for Economic Freedom, Editor of Real Clear Markets, and author of Who Needs the Fed?: What Taylor Swift, Uber, and Robots Tell Us About Money about why he believes the Fed doesn't have anywhere near the power they're given credit for, why their policies aren't effective in today's world, and why demographics may not be as useful as they're believed.

Key Takeaways:

[5:01] If your tenants are there too long it might be a sign your rent is too low

[10:22] Some tips on long-term tenant retention

[14:49] Evictions don't just stem from not paying rent

John Tamny Interview:

[19:57] How Uber made John realizing something about the Fed

[23:40] The importance of the Fed is vastly overstated

[28:42] The idea that the rest of the world is in on some deal where they hold worthless treasuries isn't realistic

[31:39] Demographic arguments regarding Japan don't hold a lot of weight with John

[35:26] Money flows to its highest use, regardless of the Fed

Website:

www.VentureAllianceMastermind.com

www.RealClearMarkets.com

Direct download: CW_1003_John_Tamny1.mp3
Category:general -- posted at: 3:03pm EDT

Investment Counselor, Sara is back on the show. She joins Jason to discuss her three new properties in Memphis, how a client beat her to the punch on other properties she was interested in and just how competitive the market is right now. And in the client case study, Dr. David D’Ambrosio shares his experiences with the 1031 Exchange on properties in the Orlando and Indianapolis markets. He shares his opinions on why more high-tax bracket professionals are not investing in real estate and he asks Jason about what his next steps should be?

The beautiful thing about real estate is you can acquire an asset, get your money back out and still own and control the asset. Plus, you pay no taxes on the money you extract.

Key Takeaways:

[2:12] Sara just closed on three properties in Memphis and she wears PJ’s to bed.   

[6:16] Rate locks - Should you let it float or lock it in?

[9:15] Commodities that make up a house are copper wire, glass, steel, petroleum products are independent of any currency.

[13:53] Is the Creating Wealth show the Fox News of real estate? One listener thinks so.

Dr. David D’Ambrosio Client Case Study:

[17:34] Dr. David D’Ambrosio is Radiation Oncologist living the American Dream. He has always had an interest in real estate.

[19:52] Dr. David recently did a 1031 Exchange and then purchased four properties in Orlando.

[21:34] There are two ways to diversify a real estate portfolio. One is location and the other is through cash flow and appreciation.

[23:25] The 1031 Exchange allows for only 45 days for identifying properties but up to six months to close.

[26:08] It’s frustrating more people, doctors in particular, aren’t investing in real estate. It’s an absolute no-brainer.  

[32:16] Local community banks will provide financing to investors after they reach their traditional property limit.

[38:24] Is it feasible to do a cash out refinance if you can get a sizable amount of cash?

[40:27] The deferred down payment option offered a nine-year break even point.

[43:25] Equity stripping is pulling the money out of a property, having control of the cash and still own the property.

Mentioned in This Episode:

Jason Hartman

Venture Alliance Mastermind

Hartman Education

Direct download: CW_1002_FBF_Dr_David_DAmbrosio_.mp3
Category:general -- posted at: 3:55pm EDT

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_1001_Mini_Case_Studies.mp3
Category:general -- posted at: 6:45pm EDT

Today is a milestone episode, number 1000! A big thanks goes out to all the guests who have come on the show and all the client case studies who have come to share their real estate journey. The first half of the show is a thanks to them.

The 10th episode for today is Jason Hartman talking with singer Colbie Caillat about how she managed to start her career using MySpace, as well as how she's handled rejection in her career, how she found her creative work process, dealing with rejection, and more.

Key Takeaways:

[4:38] Thank you to all the guests who've come on the show

[9:25] A few listener soundbites from client case studies

Colbie Caillat Interview:

[15:04] Where did the idea to launch her career on MySpace come from?

[18:00] The song writing process

[23:18] Who was the song Capri written for

[26:48] How Colbie stays healthy on tour

[31:12] Dealing with professional rejection

Website:

www.JasonHartman.com/Events

www.ColbieCaillat.com

Direct download: CW_1000_Colbie_Caillat.mp3
Category:general -- posted at: 4:55pm EDT

Today's Flash Back Friday comes from Episode 803, originally published in March 2017.

This episode includes a recording of a live Q&A session from a Creating Wealth Seminar.

The Investment Counselor Panel shares real life examples of how investors benefit from the free education and their hands-on assistance. If you are interested in investing in the most historically proven asset class, income properties this podcast is a great place to start. It also includes the reasons why investors would want to attend a future Creating Wealth Seminar and the benefits of joining the high-level Venture Alliance Mastermind. 

Key Takeaways:

[3:09] Venture Alliance wrap-up and details about the upcoming Chicago event.


[10:37] The Memphis Property Tour and Creating Wealth Seminar.

[11:16] Happy 13th Anniversary to the Creating Wealth Seminar!

Live Investment Counselor Panel Part 2 Q&A:

[16:19] The process of finding and vetting a Local Market Specialist.

[19:02] Striking the right balance between A, B and C properties in a portfolio.

[24:13] Amortization of property components.

[27:10] How many properties should I have in one bank account?

[35:59] What benefit do Investment Counselors provide to investors?

[44:20] Do Investment Counselors have different areas of expertise?

[49:28] How to best utilize an Investment Counselor?

Mentioned in This Episode:

Jason Hartman

Venture Alliance Mastermind

Voxer

Property Evaluator Software

Direct download: CW_999_FBF_Investment_Panel.mp3
Category:general -- posted at: 12:00pm EDT

Today's episode starts with an invitation to Jason's Philadelphia Creating Wealth seminar that's coming up soon. He also finishes his talk with Doug about portfolio reviews and making your money actually work for you.

Finally Jason talks to Dr. Eric Pichet, Professor & Director of Specialized Masters Program in Wealth Management & Real Estate Management at KEDGE Business School in France, about real estate around the world, as well as the current view of cryptocurrency by governments across the globe.

The two discuss how there is no global real estate market, but there are similarities in each of them, why the US home market is so much bigger than other nations, how cryptocurrencies are being received in Europe and whether governments and central banks will be moving to crush them in the near future.

Key Takeaways:

Intro with Doug:

[6:48] Your returns can be dampened by lazy money, make that money work for you

[9:27] Return on equity percentage can tell you when to rebalance your portfolio

[13:52] Why corporate finance tracks return on equity so much

Eric Pichet Interview:

[16:25] There's no global real estate market, but we seem to be in about the same place in the cycle of each of the big areas

[20:09] Eric's take on Jason's 3 types of market belief

[21:19] Why Jason thinks the European home market is much slower than the US

[24:54] The series of economic events that led to French citizens being interested in real estate

[26:52] The sentiment about cryptocurrencies in Europe

[30:53] How are cryptocurrencies viewed by governments and central banks?

[33:40] Eric expects the G20 nations to declare Bitcoin as a tool for money laundering and terrorism

Website:

www.JasonHartman.com/Events

www.EricPichet.fr

Direct download: CW_998_Eric_Pichet.mp3
Category:general -- posted at: 4:10pm EDT