Creating Wealth Real Estate Investing with Jason Hartman (general)

Introduction

In today’s Creating Wealth Show, Jason Hartman takes the chance to go over one of the main themes of this year’s Meet the Masters event: Alignment and Empowerment.  He brings up the issue of property managers and how getting the right agreement with your property manager can bring you the sort of empowerment you should be enjoying as an investor. 

Later he discusses changing technology and how that’s affecting the way we now pay for things with CEO and Founder of Heartland Payments Systems, Robert Carr. Every aspect of our world seems to be at the hands of scientists and inventors striving to change how we do things, and money and payments are just the latest point of interest.

 

Key Takeaways

01.22 – Mortgage rates are currently historically low. Take advantage and make a new asset for yourself.

04.30 – The new Creating Wealth Show format will give you a chance to look back over Jason Hartman’s back catalog and get access to some interesting content.

08.40 – You need to find a way of empowering yourself, and alignment is the perfect way to do it.

14.20 – Income property doesn’t have an end-date. It sits there, producing wealth, for as long as you need it.

18.52 – You need to find a way of making your property manager agreement work for all parties involved.

28.06 - With the world being digitalized and modernized, it was only a matter of time before it changed the way we pay for things too.

33.05 - A truly cashless world seems a long way off, but we’re definitely on the road to it.

36.55 - Robert Carr describes the ups and downs experienced by Heartland Payment Systems.

41.36 - It’s amazing when you think how far we’ve come with technological advances, and how far we can still go.

43.00 - PayPal has always been the leading company in this market, but where does it stand now?

45.35 - It’s not just the business side; Robert Carr has made a huge difference to 250 kids’ lives through his Give Something Back Foundation.

50.57 - Find out more about Robert and his book on the blog site: www.RobertOCarr.com

51.42 - Fundamentally, if you don’t have repeat customers or recommendations, you don’t have a business.

 

Mentioned in this episode

 

Through The Fires: An American Business Story of Turbulence, Triumph and Giving Back by Robert Carr.

Direct download: CW_466.mp3
Category:general -- posted at: 4:19pm EDT

Today Jason Hartman makes a special announcement in response to the overwhelming feedback about moving to a two show per week schedule. Thanks to you, the listener, Jason has come up with a creative way to continue to bring you great content from Creating Wealth every Monday, Wednesday, and Friday.

 

Check out today’s message on the new “Flashback Fridays” on The Creating Wealth Show.

Direct download: CW_Hate_Mail.mp3
Category:general -- posted at: 5:45pm EDT

Today’s Creating Wealth Show features Jason Hartman himself in an extended intro portion. Here, he talks about his personal tax and rental experience in the Socialist Republic of California, he gives an update on the latest developments in bitcoin, and he also discusses some of his earlier market predictions and how they’ve progressed. 

 

Key Takeaways

01.35 – Even when you think you have everything sussed, something can come along and surprise you!

05.06 – Being a homeowner is great, but renting gives you such flexibility. 

09.17 – Whether you were a believer or not, bitcoin seems to be sinking fast.

12.54 – Rent to value ratio should always be on your mind when dealing with income property.

18.07 – Houston, North Dakota; a market may look great, but who knows what the future may hold?

22.54 – Jason Hartman compares stock market investments to those in real estate markets.

 

27.26 – From next week onwards, the Creating Wealth Show will be reduced to two episodes per week.

Direct download: CW_465.mp3
Category:general -- posted at: 6:46pm EDT

Today on the Creating Wealth show, Jason returns from the Meet the Masters event and tells his listeners that he still believes that investing within the United States is your best option as oppose to internationally. He also introduces his guest Dr. Ben Carson on the show where they talk about the medical system, debt, big government, and Ben's latest book entitled One Nation. 

 

Key Takeaways:

2:00 – Should you invest internationally or nationally? 

7:10 - Arthur C Clarke once said, “The only thing we can be sure about the future is that it'll be absolutely fantastic.” 

9:45 – Touches a little bit on the Meet the Masters event. 

12:45 – We have so many bad examples of what big government is, yet history keeps repeating itself. 

15:00 – Dr. Ben Carson talks about alternatives that would make the medical system better. 

18:00 – Ben talks about what his latest book, One Nation, is about. 

22:10 – Detroit is the poster child for big government disaster. 

25:45 – If we just obey, then the government wins by default. 

29:25 – The United States has the highest corporate tax rate in the world, which is why businesses are taking their locations overseas instead. 

 

33:00 – Ben talks about how you can get enough courage to take control and achieve your American dream. 

Mentioned In This Episode:

Abundance: The Future Is Better Than You Think by Peter Diamandis

http://www.jasonhartman.com/cw-267-abundance-the-future-is-better-than-you-think-with-co-author-steven-kotler/

 

http://realbencarson.com/

Direct download: CW_464.mp3
Category:general -- posted at: 9:33pm EDT

Hey, welcome to the Creating Wealth Show. This is your host, Jason Hartman, and this is just a quick announcement, not a normal episode. As you probably know, we had our big, annual Meet the Masters event this past weekend and we’re very busy with that. It’s just a wonderful event. I thank everybody so much for coming from as far away as Europe this time. In the past, we’ve had coming from parts all over the world, and it’s always very much appreciated when someone travels a long distance to come. So, Mark, thank you for coming from Europe to attend. And we had people from all over the country and it’s just a wonderful event. Everybody made such great contributions to the event so, we really appreciate that, as we will be back very soon with our regularly scheduled programming. So, we’ll talk to you in just a couple of days. 

 

 

Thanks for listening to the Creating Wealth Show, and in the meantime, check out our website at www.JasonHartman.com for great properties and educational products, and of course, many, many other podcast episodes. Over 460 of them! Talk to you in a couple of days!

Direct download: CW_Announcement.mp3
Category:general -- posted at: 8:59pm EDT

In Jason's Creating Wealth intro he talks about how cool it would be to ride in a self-driving car to get to his Meet the Masters event in California. He also talks about oil being the next big thing in the United States and why real estate is still the best asset to obtain when the economy is experiencing inflation, deflation, or stagnation. 

 

Jason's guest today, Ashlea Ebeling, is a Forbes editor and has fantastic insight into the different tax situations happening across the United States. Ashlea talks about state, federal, and income tax on the show. She also shares insight about what you can do to reduce your state taxes, where not to die, capital gains, and more. 

 

Key Takeaways:

5:10 – Oil may be the next economic boost for the US. 

9:30 – The three basic economic scenarios are inflation, deflation, and stagnation.

11:50 – The central bank is getting ready to raise their interest rates. 

17:18 – High rise condos are not good from an investment point of view.

20:34 – Gen Y are coming of age to be able to rent property and combine that with student loan debt that there will be a lot more people renting homes instead of purchasing them in the next 10 years. 

24:10 – Should Jason host two or three episodes a week? Let him know! 

25:22 – How do we get to more than 100% in tax? Ashlea explains. 

30:50 – How do you get around state taxes? There are four ways you can do this. 

34:20 – New Jersey and Maryland have both state and inheritance taxes. 

38:21 – Jason is not a fan of Roth IRA, but Ashlea is for it. 

 

43:10 – Ashlea says that there are a lot of new tax law changes happening right now that people need to pay attention to. 

 

Mentioned In This Episode:

http://www.forbes.com/sites/ashleaebeling/2014/09/11/where-not-to-die-in-2015/

 

https://twitter.com/ashleaebeling

Direct download: CW_463.mp3
Category:general -- posted at: 8:27pm EDT

In Jason's Creating Wealth introduction, he touches on a variety of subjects he wants his listeners to look out for. He first talks about the predictions he got right and wrong over the years and shares his thoughts on Cuba becoming more friendly. He also talks about Elon Musk's divorce and how much his ex-wife will be getting in settlement money. Today's Creating Wealth guest is Mark Meckler. He co-founded the Tea Party Patriots and is also an author. On the show, Mark talks about his organization, self-governance, and why people hate the Tea Party movement so much. 

 

Key Takeaways:

2:15 – Jason talks about the predictions he was right about.

8:10 – Jason shares his thoughts on Cuba. 

11:00 – Elon Musk is getting divorced..again.

17:30 – Jason warns you against con-artists and their tricks. 

20:00 – Jason cautions against buying in Texas and North Dakota.

22:35 – The latest in self-driving technology might make other locations a lot more appealing.   

24:30 – Jason introduces Mark Meckler. 

26:30 – The Tea Party founded was in 2009. 

28:45 – Why is the Tea Party hated so much? 

40:45 – What is an amendment convention? Mark explains.

45:50 – Congress passes board enabling acts and the regulators actually do the legislating. Mark and others are working towards stopping this. 

49:40 – Elections are not enough, but with that said, we still need to vote. 

52:05 – Would Texas become the Hong Kong of the United States? 

 

55:00 – Remember, the larger the government, the smaller the citizen. 

Direct download: CW_462.mp3
Category:general -- posted at: 9:17pm EDT

On today’s Creating Wealth Show, Jason Hartman talks about the vital side of investing that is construction cost. As an investor within real estate, it’s so important to know the situation, whether it be adjusting how much you pay contractors to match with the area itself or knowing just how much the replacements to your property would be compared with the actual cost price.

 

 

Key Takeaways

01.34 – With tickets hugely limited, it’s time to get excited about the best Meet the Masters event to date.

04.25 – As a prudent investor, you need to know the vital points about LTIs and regression to replacement costs. Learn all you need here. 

06.31 – Jason Hartman’s personal risk evaluator model relies on construction cost and land cost, and this is a great way to minimize risk when investing in real estate.

11.26 – If you’re building in a higher price area, you’re going to have to pay your contractors more because they have to be able to afford to live in that area.

14.38 - Three sources of assessing your land value: tax collector or assessor for property taxes, an insurance broker - an insurance company selling you a policy based on the property, and an appraiser. 

18.58 – If you’re interested in looking for the sorts of properties that can offer you regression to replacement opportunities, come along to the Birmingham, Alabama property tour in November.

25.06 – For more information specifically about risk assessment in investing, go to www.JasonHartman.com and type in ‘Hartman risk evaluator’ into the search bar to find podcasts and blog posts.

 

27.09 – Another recommendation for you is to look for the podcast and YouTube video about how to read a property Proforma. This is a really vital skill you can use to become a better investor.

Direct download: CW_461.mp3
Category:general -- posted at: 5:54pm EDT

In the first Creating Wealth Show of 2015, Jason Hartman details some of the most important things you should consider when forming your new year’s resolutions, including making your assets work for you and using every asset you have available to you.

 

Today’s guest is author and National Geographic’s Crowd Control presenter, Daniel Pink, who discusses a number of the problems featured in the TV show, as well as some of the research that went into his own books. His expertise in behaviour and motivation really comes through and makes for a fascinating show for anyone looking to make a change in their lives. 

 

 

Key Takeaways

02.24 – Make your new year’s resolutions really count towards improving your personal and professional life. 

06.16 – Check your assets. You need to know which ones are working for you and which are not.

10.33 – Everyone underestimates the importance of credit. Don’t make this mistake.

16.19 – It’s remarkable just how many seemingly unnecessary laws are introduced every year.

25.25 – So many day-to-day problems that we face have a simple solution. Daniel Pink finds that solution. 

29.59 – Once you know the science behind how people think, you just have to apply it.

33.00 – There are so many psychological and physiological factors that impact on our thoughts and actions.

37.29 – To Sell is Human focuses on the fundamentally human nature of selling. 

42.33 – For the first time in human history, we have to think about our future selves and align them with the present.

48.50 – Daniel Pink takes us through some of the ways you can use subtle motivation in the workplace. 

52.19 – For more information, head to www.DanPink.com, follow at @DanielPink and watch the show Crowd Control on Mondays on the National Geographic Channel. 

 

 

Mentioned in this episode

A Whole New Mind by Daniel Pink

Drive by Daniel Pink

To Sell is Human by Daniel Pink

Three Felonies a Day by Harvey Silverglate

Free by Chris Anderson

 

Crowd Control – TV program, National Geographic Channel

Direct download: CW_460.mp3
Category:general -- posted at: 9:00pm EDT

Jason still has remaining tickets to the Meet the Masters event. Remember, this will be the sweet 16 Meet the Masters event and there will be a lot of insightful experts at the conference. Do not miss out! In Jason's Creating Wealth intro, he talks a little bit about the book The Future of the Mind by Michio Kaku and what he has learned from it. Today's guest is a case study of one of Jason's clients, Fernando. Fernando talks about his success in real estate as well as shares to the audience a bit about his background and where he came from. 

 

Key Takeaways:

4:10 – Jason talks about the Meet the Masters event and the people who will be coming to the event. 

8:00 – Jason shares what he learned from The Future of The Mind book written by Michio Kaku. 

11:00 – Jason welcomes Fernando. 

14:00 – Fernando talks a little bit about his life growing up in Brazil. 

17:35 – Due to the horrible inflation that happened in Brazil during Fernando's youth, he saw a lot of people lose their life savings over night. 

20:10 – What got Fernando interested in real estate? He explains in this segment. 

31:30 – Fernando bought his first property in Florida. 

41:20 – Jason asks about some of Fernando's challenges during all of this. 

51:45 – Fernando talks about appreciation and tax benefits. 

 

56:30 – Jason and Fernando wrap up the call and end with some final closing thoughts about leverage and debt.  

 

Mentioned In This Episode:

 

The Future of the Mind by Michio Kaku 

Direct download: CW_459.mp3
Category:general -- posted at: 7:54pm EDT