Creating Wealth Real Estate Investing with Jason Hartman (general)

Jason Hartman and Adam start today's show discussing the size of economies across the globe and how some countries (such as Japan) are able to have such large economies with very few natural resources. They also explore a potentially misleading real estate stat.

Then Jason talks with Dr. David Kelley, founder of The Atlas Society and current Chief Intellectual Officer for the society, about the ideals of Ayn Rand and why the economic principles she laid out during her life are still applicable today, but also about how Dr. Kelley has expounded on those thoughts. They also discuss the current entitlement mentality in the United States and what dangers that presents.

Key Takeaways:

[3:05] Not surprisingly, the US and China make up the largest 2 economies in the world, but some of the others are surprising

[7:49] Just because you have natural resources doesn't necessarily make your economy thrive

[13:29] Misleading mortgage delinquency stats

David Kelley Interview, Part 1

[17:12] What is the Atlas Society?

[22:55] Marx's ideals have failed time after time but people keep going back to them. Why?

[25:37] The value of labor vs the value of capital

Website:

www.JasonHartman.com/Properties

www.AtlasSociety.org

Direct download: CW_1254_David_Kelley.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman starts today's show comparing asset class sizes to see if cryptocurrencies really are the biggest bubble out there. It's always important to ask the question: Compared to what?

Then Jason talks with Anita Campbell, founder and publisher of Small Business Trends, about what markets are currently the friendliest to entrepreneurs. Some rankings are surprising and there's a big surprise when it comes to entrepreneurs in rural areas. They also discuss the potential impacts of minimum wage on small business.

Key Takeaways:

[2:14] A misnomer about the real estate market

[7:44] Jason's latest binge-worthy show is educating him about money and making a statement about governments and central banks

[10:06] Comparing asset class sizes

[14:24] Derivatives are the biggest market BY FAR

Anita Campbell Interview:

[18:23] Some of Anita's rankings for best cities for entrepreneurs really suprised her

[21:13] How Anita's company was able to use the US Census to help in the rankings

[24:09] Technology has allowed rural areas to start flourishing as entrepreneurial havens

[26:40] Does having more entrepreneurs in an area make the market more or less stable?

[32:54] How the movement to a $15/hr wage is impacting entrepreneurs

Websites:

www.JasonHartman.com/Properties

www.SmallBizTrends.com

www.DataUSA.io

Direct download: CW_1253_Anita_Campbell.mp3
Category:general -- posted at: 5:55pm EDT

Jason Hartman takes on the mainstream media's coverage of our economic situation by pointing out that Americans have actually seen a larger wage increase than originally believed. Not many publications like to talk about it and even fewer like to credit Trump, but maybe it's time they start doing so.

Then Jason talks with Marc Biron, founder and CEO of Home Diversification Corp, about his product that is intended to help homeowners diversify their market risk in their own home purchase. The product is intended to help protect homeowners from downturns in the housing market in their local zip code by indexing it to the national housing market. Listen in as Marc explains why it would make sense for homeowners and how it works.

Key Takeaways:

[3:44] American wages are rising more than we realized

[8:56] The biggest thing in the media is that they don't say

Marc Biron Interview:

[11:04] How Marc's mortgage product can help diversify market risk

[15:22] Marc claims his product is 42% more stable than the average housing market

[19:38] A sample case of how the product works

[23:07] Home Diversification uses the Zillow statistics for national home price indexing

Website:

www.JasonHartman.com/Properties

www.HomeDiversification.com

Direct download: CW_1252_Marc_Biron.mp3
Category:general -- posted at: 5:00pm EDT

Visualization is an immensely powerful thing. What the mind can conceive and believe, the mind can achieve.

Because of the power of visualization, Jason went and found an expert who can help real estate investors get in the right mindset and, hopefully, set you on a path to an even better portfolio and life.

Today is the 9th installment of our guided visualization journey.

Website:

www.JasonHartman.com/Properties

Direct download: CW_Bonus_Visualization_9.mp3
Category:general -- posted at: 12:00pm EDT

Today's Flash Back Friday comes from Episode 963, originally published in February 2018.

There's a disease infecting millions of Americans, but few people are addressing it. That disease? The entitlement disease. Jason Hartman looks at the symptoms of the disease, and how a simple change in viewpoints can bring a person out of that spiral.

Then Jason talks with Jeff Cronrod, founder of the American Apartment Owner Association & founder of Rent Recovery Service, about his new program called Lease Guarantee, and how landlords need to take a more aggressive approach toward tenants who don't pay.

Key Takeaways:

[4:39] The dangers of the entitlement disease

[8:14] When you take all the advantages of real estate for a few years, it's hard to unwind

[13:30] What happens when you view your life like you're the source

[19:09] The simple key to success in business

Jeff Cronrod Interview:

[22:02] What is Lease Guarantee?

[24:18] How much does the Lease Guarantee cost and what exactly does it cover?

[28:32] The steps you have to go through when a tenant misses their rent payment

[31:40] What judgement do you need to get for Lease Guarantee to pay out?

Website:

www.JasonHartmanUniversity.com

www.AAOA.com

www.TenantAlert.com

Direct download: CW_1251_FBF_Jeff_Cronrod.mp3
Category:general -- posted at: 5:00pm EDT

Today's off-topic 10th episode starts off with Jason Hartman explaining how 1031 exchanges have helped his portfolio grow more than any other tool, as well as how to view your tenants rent in a way that will make you feel really good.

Then Jason talks with Sally Kohn, CNN political commentator, host of The State of the Resistance podcast and author of The Opposite of Hate: A Field Guide to Repairing Our Humanity, about why there's so much hate in our country at the moment and how we need to continue acknowledging problems and working to get better.

Key Takeaways:

[3:40] The power of a 1031 exchange has been a godsend for Jason's personal portfolio

[8:02] Your tenants are working to pay you ~40% of their work hours. That's more than they work for anyone else.

Sally Kohn Interview:

[12:31] Technology makes us feel more anonymous, which isn't always the best thing

[15:10] Does the US deserve credit for being better than the rest of the world?

[20:01] What definition of "hate" Sally's working from

[24:12] Most people don't think they're hateful, they believe "those people" are hateful so the things they do are justified

[27:55] We have been taught throughout history that men should be in positions of power, which is a powerful thing to have to break through

Website:

www.SallyKohn.com

www.JasonHartman.com/Properties

www.JasonHartman.com/Cruise

Direct download: CW_1250_Sally_Kohn.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman starts today discussing the 8th wonder of the world, compound interest. It's a truly powerful thing that makes massive differences to your portfolio.

Then Jason talks with in-house economist Thomas to discuss housing payments adjusted for inflation. Thomas took Jason's first property he purchased and adjusted the payment it would have been to today's dollars to see how it correlated. The two also discuss negative yields and how much further cyclical markets have to fall.

Key Takeaways:

[4:43] Jason's old purchase of a mortgage note that didn't go so well, but the amount he's owed now shows the power of compound interest

[7:36] An example of compound interest using 4 $100,000 homes

[14:32] Robert Shiller believes we are on the verge of a recession, but Jason doesn't agree with his reasoning

[18:51] Housing payments adjusted for inflation is significant

[22:41] Millennials keep telling Thomas they're waiting for home prices to drop

[27:07] 25% of investment grade bonds have negative yields now

Website:

www.JasonHartman.com/Properties

Direct download: CW_1249_Thomas.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman and Adam start today's episode detailing the price history of a home in Port St. Lucie, FL. The effects of the financial crisis and the recovery afterward are truly astounding and it gives us an idea of where we might be in the housing recovery.

Then Jason has a short clip of Frank Gallinelli's, a friend of the show, describing how to properly evaluate real estate deals to make sure you're getting a good deal.

Finally Jason talks with Howard Jennings, Managing Partner at Stateside APM, about how entities can help foreign real estate investors, as well as how those same foreign investors can save themselves money in creating those entities and avoiding double taxation in certain areas.

Key Takeaways:

[3:23] The incredible price history of a home in Port St. Lucie, FL

[8:32] Jason's been involved in somewhere around 10,000 real estate transactions either personally or through his companies

[10:26] Frank Gallinelli on How to Evaluate a Real Estate Investment

Howard Jennings Interview:

[24:18] Do foreign investors need to have entities like an LLC?

[27:12] Some states have higher fees than others, and Canada can even tax you twice

[31:18] Services provided by Stateside APM

[38:45] Nearly every decision in life comes down to instant gratification vs delayed gratification

Website:

www.StatesideAPM.com

www.JasonHartman.com/Properties

Direct download: CW_1248_Howard_Jennings.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman and Adam start off today's show discussing a stat they saw saying that 37% of US homes are currently "free and clear" and what that could mean to housing markets when the next market downturn comes, especially to your income property.

Then Jason talks with client Drew Baker about how his self-management has helped him put $8,000 back in his pocket, having your tenants saving you money, and what Facebook is doing with their cryptocurrency venture.

Key Takeaways:

[2:39] 37% of homes in the US are "free and clear"

[5:30] Why the amount of "free and clear" homes in your market matters to your investment properties

[8:41] Alexa Skill Blogcast

Drew Baker Client Case Study:

[12:54] Drew just calculated how much money he's saving in his portfolio now

[20:53] Facebook's foray into crypto could be a more interesting venture since they have an audience of billions already

[25:41] Facebook shut off access to other cryptos while they were prepping their own

[28:40] How Drew's tenant saved him hundreds of dollars on his new water heater

[32:30] Pick which property is giving you the least trouble and take control while things are calm, not in the middle of repairs

Website:

www.JasonHartman.com/Ask

www.JasonHartman.com/Properties

Jason Hartman Real Estate Investor Update Alexa Skill

Direct download: CW_1247_Drew.mp3
Category:general -- posted at: 5:00pm EDT

Visualization is an immensely powerful thing. What the mind can conceive and believe, the mind can achieve.

Because of the power of visualization, Jason went and found an expert who can help real estate investors get in the right mindset and, hopefully, set you on a path to an even better portfolio and life.

Today is the 8th installment of our guided visualization journey.

Website:

www.JasonHartman.com/Properties

Direct download: CW_Guided_Visualization_8.mp3
Category:general -- posted at: 12:00pm EDT