Creating Wealth Real Estate Investing with Jason Hartman (general)

What happens in California may not seem important if you don't live there, but it's a trend setting state. And there's a lot of tax things going on in California that should catch investors attention.

Jason welcomes his mom back to the show, as the two discuss what's happening in California, as well as why she's finally selling her California properties, how she finds contractors from a distance, and more self-management tips.

Website:

www.JasonHartman.com

www.YouTube.com/JasonHartmanRealEstate

Direct download: CW_1658_Mom.mp3
Category:general -- posted at: 5:49pm EDT

Adam just went through the Snowmageddon in Texas, losing water for a week while many others in the state went days without power. That experience led him to start thinking about Commandment #6: Thou Shalt Diversify, as well as the importance of cash flow.

The two delve into how to diversify, how bad the housing shortage really is, why prices are spiking, where interest rates are headed, and what's out there today that actually makes sense the day you buy it.

Website:

www.JasonHartman.com

www.youtube.com/watch?v=oIWmpZqWfV4

Direct download: CW_1657_CashFlow.mp3
Category:general -- posted at: 5:00pm EDT

FlashBack Friday

What is the best coverage for your multi-state real estate portfolio?

Managing insurance policies for your entire real estate portfolio can be an administrative nightmare if the coverage is provided by multiple companies. Finding a reliable and informative insurance broker who is able to offer nationwide coverage from A level underwriters would eliminate the hassle. Today, Jason gets answers for all of your insurance questions from the brokerage firm of Ross Diversified.

Key Takeaways:

Jason’s Editorial:

[1:21] It’s an amazing time to be alive!

[2:33] China has finally ended their one child policy

[4:40] The nature of the real estate industry is fragmented

[9:34] Bad faith insurance or companies denying claims is common

[10:30] A personal experience with National Real Estate Insurance Group

[11:50] Monday’s episode features the founder of WeGoLook

[14:04] Can we get listeners in more countries than the U.S. has military bases in?

[16:40] Meet the Masters with Garrett Sutton in January

Ed Babtkis Guest Interview:

[18:50] We have had nationwide insurance available for 30 years

[19:50] Nuances to the nationwide real estate market make it a difficult product to offer

[21:05] The underwriting companies which serve our brokerage firm

[22:16] Nationwide programs are generally done on a blanket basis

[25:21] Deductible options and norms

[27:24] Getting the quote to the investor

[29:54] Our company is approved by major financiers

[31:20] Calculating insurance rates based on zip codes

[33:30] Cash value is the number one issue insurance companies have

[34:55] Replacement value is better coverage

[36:33] How are land contracts insured?

[39:12] Hard money lenders can place property coverage, but it costs a bit more

[40:00] Loss of Rent insurance

Mentions:

JasonHartman.com

Affinity Group Management

Code Red Book

We Go Look

Ross Diversified

Acceptance Indemnity

Cincinnati Insurance

Blackstone

Direct download: CW_1656_FBF__NATIONWIDE_PROPERTY_INSURANCE_MADE_EASY.mp3
Category:general -- posted at: 5:00pm EDT

Are we in a Stock Market Bubble? Jason Hartman performs a walk-thru of the Wilshire 5,000 Index, discussing bubbles past and present. What kind of clues can we pick up? Self-management might not be for everyone, but it is for the empowered investor. Listen in for some self-management tips from clients across the Hartman Network. 

Key Takeaways:

[1:20] Are we in a stock market bubble? Wilshire 5,000 Index

[5:30] From The [first] Tech Bubble to the Housing Bubble. 

[7:55] We have two completely separate economies; the Wall St. economy and the Main St. economy. 

[12:00] Self-management and being an empowered investor, and using Thumbtack. 

[16:45] Refi ‘Til Ya Die

[20:40] Stagflate, tax, and lie.

[26:00] If you are interested in self-managing, we highly advise you to join the Empowered Investor Network.

[29:00] Thou shalt maintain control. 

Websites:

jasonhartman.com/empowered

jasonhartman.com/sweethome

jasonhartman.com/protect

JasonHartman.com

JasonHartman.com/properties

Jason Hartman Quick Start

Jason Hartman PropertyCast (Libsyn)

Jason Hartman PropertyCast (iTunes)

1-800-HARTMAN


Is a home worth its weight in gold or bitcoin? Jason Hartman shares some constitutionally great news for landlords. As well, let's start testing currency transfer efficiencies - starting with the Fed and Bitcoin. 

Jason Hartman talks with Stanford University, Professor of Economics, Dr. Nicholas Bloom. Bloom and Hartman discuss the significant economic changes in the US economy as well as social changes. How has the work from home trend grown through pandemic times, and are employees more productive in this environment? Will this work from home trend continue to give people reason to leave exhaustingly expensive homes in the city?

Key Takeaways:

[1:30] Landlords, are you ready for eviction moratorium good news?

[3:40] Talking about measuring sticks, is housing worth its weight in gold or bitcoin?

[8:15] Let's talk about money transfer inefficiencies. Bitcoin, or The Feds System banking transfer system, who loses?

Nicholas Bloom

[12:25] Working from home has absolutely exploded, from 5% to 60% at the peak of the pandemic. 

[13:10] Geography is less meaningful than ever in US history. 

[16:10] San Francisco has a sort of rental apocalypse due to the pandemic. 

[18:50] Working from home has already been on an upward trend. 

[26:00] The best way to fix the economy is to eliminate the virus. 

[28:30] Big tech never set out to censor what’s online.

[33:00] Are people more or less productive working from home?

[35:15] Are we to expect inflation due to all of the money printing?

Websites:

jasonhartman.com/sweethome

jasonhartman.com/protect

JasonHartman.com

JasonHartman.com/properties

Jason Hartman Quick Start

Jason Hartman PropertyCast (Libsyn)

Jason Hartman PropertyCast (iTunes)

1-800-HARTMAN

Direct download: CW_1654_Nicholas_Bloom.mp3
Category:general -- posted at: 5:00pm EDT

This episode of Flashback Friday was originally published: July 15, 2015

The world of long term financial savings plans can leave you dizzy. The paperwork can be pages and pages of jargon which make plans hard to distinguish and administer. Jason’s guest Edwin Kelly from Specialized IRA Services breaks down the Self Directed IRA, the solo 401k and Health Savings Account or HSA. Arming you with the setup cost and annual fee’s to help you make an educated decisions about your investment future. You’ll hear solutions to creating wealth and obtaining more passive income through smart investing with a little help from people in the know.

Key Takeaways:

Jason’s Editorial:

[2:02] Self directed IRA investing

[4:19] Nathan asks about out of state rental properties

[5:19] Have at least 4% of the properties value in the bank as an emergency fund

[7:22] Steve asks about Jason’s foundation

[9:12] Steve also asks about credit history and bankruptcy

[12:06] Asset based financing; a hard money loan

Edwin Kelly Interview:

[14:29] Would Donald Trump be a good president?

[16:04] Invitation for Warren to be on the show

[16:58] IRA Custodians, Administrators what’s the difference?

[18:01] What are the fee’s of self-directed IRA’s

[19:22] There is no fee sharing or back end money

[20:40] A customized approach to IRA’s

[24:08] People need passive income

[25:47] An everyday example of buy and hold real estate investing

[30:11] Solo 401k or Individual 401k

[34:46] Solo k paperwork was cumbersome and complex

[35:55] $400 annually for a self directed IRA and $700 for a 401K

[38:32] HSA – Health Saving Account

[39:53] An HSA works by marrying the tax benefits of the traditional and Roth IRA’s

[41:22] Are you able to pay for proactive executive health physicals via a HSA?

[42:51] Breast Augmentation for medical reasons is a qualified medical expense

[45:17] An HSA is not a Flexible Saving Account

[45:55] Investing in buy and hold real estate from the HSA

[47:35] HSA and IRA are fairly easy to administer

[48:20] An LLC inside of an IRA?

[51:08] Multiple LLC’s for asset protection

Mentions:

Specialized IRA Services


US Household incomes increased more in 2018 than in the past twenty years combined! But why? Jason Hartman shares the numbers reflecting the lack of median income change for twenty years, and then a sudden change in 2018. Housing continues a pleasant upward trend. Oregon takes a new stance on teaching mathematics. 

Dr. David Collum says, "we are following the script perfectly to an authoritarian state." Are we the people being run by corporatocracy and major media?

Key Takeaways:

[1:16] Those who do not learn from history are destined to repeat it. 

[2:00] AOC, "Dow soars, but wages don't."

[7:40] Real Median Household Income By The Year, adjusted for inflation.

[10:15] Ratios are the most important thing in Real Estate Math!

[15:00] A Pathway to Equitable Math Instruction

David Collum

[20:00] Facebook is just scraping data to sell to advertisers.

[21:00] Inflation is here, but how much worse is it going to be? 

[32:00] The world is being run by the corporatocracy and media - can that pendulum ever swing back? 

[35:15] "We are following the script perfectly to an authoritarian state." - Collum

Websites:

JasonHartman.com

1-800-HARTMAN

Twitter:@davidbcollum 

Direct download: CW_1652_David._Collum_Part_2.mp3
Category:general -- posted at: 5:00pm EDT

What is the REAL price of a home right now? Jason Hartman reminds listeners of what goes into calculating or predicting housing prices, including some old basics like the cost of lumber, as well as scarcity. 

Jason and Dave talk about the unseen inflation in goods and services, how inflation has affected the family income, and how we can spend. With a more in-depth look at inflation, David uncovers a bit more of the unseen inflation like the depreciation of product quality. The question continues to be, how far away from ideal are we moving, and will this progression cause the US to implode? 

Key Takeaways:

[2:15] Let’s talk about housing prices, who’s annoyed? 

[5:40] If it does NOT produce income, it isn’t an investment - it is only a speculation. 

[9:25] US Housing prices fell more than expected in January amid soaring lumber prices.

[13:13] Softwood jumped a record….?

Dr. David Collum

[20:20] Jason and David speak on the disfunction of the mess we the people are in with money creation and negative interest rates. 

[23:45] We are in the most overvalued bond market in history.

[30:00] How has inflation changed, and how has the expectation of goods and services changed along with inflation?

[32:10] Products are built not to last, adding to another unseen inflation, Dave refers to as depreciation.

Websites:

JasonHartman.com

1-800-HARTMAN

Twitter:@davidbcollum 

Direct download: CW_1651__Year_In_Review_by_Cornell_Universitys_Dr._David_Collum.mp3
Category:general -- posted at: 5:00pm EDT

This episode of FlashBack Friday was originally published: August 3, 2013

Robert Greene, best-selling author of such books as The 48 Laws of Power, The 33 Strategies of War, The Art of Seduction, The 50th Law (with rapper 50 Cent), and Mastery, joins Jason to talk about his wheelhouse topics – power and strategy.

Key Takeaways:

[1:15] Jason’s monologue includes a reflection on his recent European trip. Has his opinion on investing there changed?
[7:23] Interview with Robert Greene begins
[7:48] Defining mastery and how to attain it
[9:36] Description of Robert’s latest book, Mastery
[10:12] How to discover your life’s calling
[12:16] Why so many people hit a career wall in their second decade of work
[15:02] Check yourself. Are you an entrepreneur
[17:16] Charles Darwin. From nobody to one of the greatest scientists ever
[19:00] Robert’s background
[20:09] All about manipulation and how to use it for good
[23:05] The 50th Law – 50 Cent; A real American rags to riches story
[25:20] The hidden power in fearlessness
[27:52] 9 types of seducers – which are you?
[30:21] Greatest seducers to ever live
[31:15] Napoleon’s flanking maneuver and its effect on business today
[32:04] The Art of War – does Sun Tzu still matter in today’s world?

Websites:

www.jasonhartman.com

www.powerseductionandwar.com
Robert Greene on Wikipedia


Jason Hartman tees up an interview with Dan Amerman about the home being an investment. But before that, are the wind turbines helping or just blowing smoke? Currently, they’re frozen. What has “the tolerant” tastelessly said about Rush Limbaugh’s passing? 

Wealth is created with compound interest, making your dollar work for you. Dan Amerman talks with Jason Hartman about understanding, The Homeowner Wealth Formula. Dan says, “one way at looking at the mortgage is that it’s a short against the dollar.” The primary question; is your home an investment? 

Books: The Homeowner Wealth Formula

Key Takeaways:

[2:30] Deep in the heart of Texas, snow and power issues. 

[4:15] Are wind turbines just blowing smoke?

[5:40] We need to be prepared; Check out Holistic Survival

[7:45] What have “the tolerant,” said about Rush Limbaugh?

Daniel Amerman

[11:30] Is your home an investment or an expense? 

[13:30] How can we better understand these home price indices? 

[17:10] The results of the exhaustive research are incredibly positive. Find out more. 

[19:20] “One way at looking at the mortgage is that it’s a short against the dollar.” -Amerman

[24:00] The number one historically proven method for creating wealth over the centuries is compound interest. How does this relate to inflation? 

[31:00] A lot of government programs are “shell games.”

[34:00] We do expect a wealth transfer from boomers to up and coming generations. 

Websites:

http://danielamerman.com/

jasonhartman.com/sweethome

jasonhartman.com/protect

JasonHartman.com

JasonHartman.com/properties

Jason Hartman Quick Start

Jason Hartman PropertyCast (Libsyn)

Jason Hartman PropertyCast (iTunes)

1-800-HARTMAN

Direct download: CW_1649_Dan_Amerman.mp3
Category:general -- posted at: 5:00pm EDT