Creating Wealth Real Estate Investing with Jason Hartman (general)

Today's Flash Back Friday comes from Episode 938, originally published in January 2018.

Jason Hartman kicks off the episode talking with someone who's about to set a new standard at the Meet the Masters conference this weekend. Journey Captured, a Journey tribute band, will be performing Saturday night at the first ever Meet the Masters Concert. Jason talks with Bass player Giorgio Tupanjanin about his musical training, why he plays Journey, and what to expect at the concert.

Then Jason finishes his client case study with Sue & Gary Pinkerton. This time Sue offers some tips on self-management, the frustratingly fragmented (yet helpful) nature of real estate investing, and why you can't consider anything a passive investment.

Key Takeaways:

[1:59] A Journey tribute band will be playing at Meet the Masters

[3:50] Why Journey for a tribute band?

[6:28] Is jazz music one of the most technical styles out there?

[9:51] How Journey found their current lead singer

Pinkerton Case Study:

[15:16] Sue's tips on self-management

[18:52] The fragmented nature of single family real estate investing is frustrating

[22:13] There is NO SUCH THING as a passive investment


Direct download: CW_1246_FBF_Pinkerton2.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman and Doug get together today to discuss some of the statements that Warren Buffett has made in regards to investing in real estate. Specifically they examine his interview about his $150,000 home purchase that turned into an $11,000,000 property and his thought of how he wished there was a way to buy and manage thousands of single family homes.

Key Takeaways:

[4:29] The power of the 30 year mortgage, explained by Warren Buffett

[9:10] Your returns when you lever equity can be really good, but when a tenant is paying your mortgage then it's even better

[14:33] Don't miss the market because you're waiting for a dip

[19:48] Time heals wounds, especially in real estate


Direct download: CW_1245_Doug.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman starts today's show celebrating the Department of Justice's decision to start investigating the big tech companies business practices, something he's wanted them to do for a long time now.

Then Jason talks with Democratic Presidential Candidate Andrew Yang about some of his policy proposals, including the huge idea of Universal Basic Income, the erradication of income tax and the implementation of a VAT.

Key Takeaways:

[2:10] Jason is excited that the DOJ is finally investigating the big tech companies

Andrew Yang Interview:

[6:11] How Universal Basic Income is different than the welfare state and why libertarians would support it

[9:43] Would income taxes go away if Andrew's VAT goes into effect?

[14:28] Andrew supports UBI because automation is taking away so many jobs

[19:12] The war on normal people

[25:38] How the UBI will offset any deficit it creates


Direct download: CW_1244_Andrew_Yang.mp3
Category:general -- posted at: 5:00pm EDT

Today's episode is a live speech from the 2019 Meet the Masters of Income Property event. Hear the local market specialist discuss why he got into the Florida markets and how he's making properties work in the market. New construction and short-term rentals can work, if you do it right.

Key Takeaways:

[6:45] Some of Jacksonville's economic rankings

[9:42] New construction has been the main focus in the market

[12:55] The different models available

[20:48] The average construction time is about 6-8 months, but you don't need a construction loan


Direct download: CW_1243_Florida.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman and his mom take today's episode to review the book The American Jubilee: A National Nightmare is Closer Than You Think, as well as discussing the impact of loan forgiveness and some self-management strategies that can save you money and headaches when it comes to repairs and tenant retention.

Key Takeaways:

[2:05] Jason's mom's takeaway from the book The American Jubilee

[4:51] The middle class is getting crushed today more than they ever have in American history

[8:05] You can use debt as a strategy

[11:56] Impact of the bank holiday

[14:25] Student loans are being packaged and sold to financial firms just like liar loans were

[19:17] The federal government can nationalize your stock and bond portfolio a lot easier than your property

[23:26] Turnover can be expensive, but keeping tenants for too long could mean your rents are too low

[27:54] The longer your tenant is there the more they treat it like their own home

[32:02] A recommendation to reduce your insurance prices


Direct download: CW_1242_Jason_Mom.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 7th installment of our guided visualization journey.


Direct download: CW_Visualization_7.mp3
Category:general -- posted at: 12:00pm EDT

Today's Flash Back Friday comes from Episode 971, originally published in March 2018.

Jason Hartman starts off the show discussing how home sales are strong, even if they're a lagging indicator, and where exactly they're really taking off.

Then Jason talks with client Brandon Cook, a young member of the Venture Alliance Mastermind, about his journey investing in real estate. Brandon is currently the owner of 6 properties and is looking forward to more, and talks about breaking through the initial hurdle of investing.

Key Takeaways:

[2:33] Home sales are very strong, but remember they lag

[4:57] A suprise in the hottest housing market category

[11:41] Jason's latest book recommendation: The Effective Executive

Brandon Cook Interview:

[16:35] Brandon discovered Creating Wealth and started listening at Episode 48

[22:05] The first one is always the hardest

[30:41] What has Brandon learned on his investment journey

[33:20] Introducing the Jr Venture Alliance Mastermind membership!


The Effective Executive

Direct download: CW_1241_FBF_Brandon_Cook.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman and Investment Counselor Adam start off today's show discussing the mindset of investors that needs to change. The whole idea of a "discount" isn't a reliable methodology for investors, things should be viewed in a win-win lense.

Then Jason talks with Gabriel Weinberg, founder of DuckDuckGo and author of Traction: How Any Startup Can Achieve Customer Growth and Super Thinking: The Big Book of Mental Models, about how you can use some of the mental models to help you achieve the returns you desire. They also touch on the problem of achieving privacy in today's world and how DuckDuckGo helps in that.

Key Takeaways:

[3:31] As an investor you don't have to get things at a discount, you need to get them at fair prices

[5:29] You don't necessarily get the fantastic deal the day you buy it, you get a good deal at the beginning and it becomes fantastic over time

[8:14] Join Jason on the upcoming cruise

Gabriel Weinberg Interview:

[10:34] What is Super Thinking?

[15:06] The Mental Model of Forcing Function

[18:58] The model of Deliberate Practice

[23:47] Beware of Hindsight Bias

[27:35] To really get outsized returns you need to make a bet on the future


Direct download: CW_1240_Gabriel_Weinberg.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman talks with Gary Boomershine, real estate coach, real estate investor and founder of REIvault, about the differences between real estate investors and a real estate entrepreneur, as well as ways that you can protect yourself from inflation. Gary and Jason discuss the great part of buy and hold investing and what Gary sees as the future for the economy and real estate.

Key Takeaways:

[2:51] What is a real estate investor?

[6:50] Gary used to flip houses but now regrets every house he ever sold

[12:07] Gary's experience as a hard money lender

[18:15] Gary's take on the VRBO market

[24:56] First position lending can be a hedge

[30:54] Right now Gary's a bit pessimistic about the market and is taking some chips off the table, while some of his cohorts are going full in

[33:21] The 3 areas Gary believes need to be very careful in today's market


Direct download: CW_1239_Gary_Boomershine.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman and Adam today break down a video about how Fannie Mae and Freddie Mac influence the housing market in the United States. While their publicly stated goal is to make housing in the country more affordable, are they really doing that? Listen in to find out.

Key Takeaways:

[1:49] Fannie Mae Going Away?

[4:09] The idea that we need a high home ownership rate is a false idea

[8:41] How Fannie Mae props up the housing market

[13:24] Fannie & Freddie have a stated goal of making housing more affordable, but they don't do that at all

[22:55] If you're investing for yield rather than capital gains, the price of the house has much less importance

[26:01] The importance of sustainable investing


How Fannie & Freddie Prop Up America's Favorite Mortgage by Wall Street Journal

Direct download: CW_1238_Adam.mp3
Category:general -- posted at: 5:00pm EDT