Creating Wealth Real Estate Investing with Jason Hartman (general)

This episode of Flashback Friday was initially published: December 29, 2012

Jason Hartman talks with a listener about local vs. long distance real estate investing and how geography is less meaningful than ever before in history.  Then today’s guest is loan manager, stock trader and financial columnist, Logan Mohtashami with a no-spin discussion on the fiscal cliff and other current events.

Logan Mohtashami is a senior loan officer at his family owned mortgage company AMC Lending Group, which has been providing mortgage services for California residents since 1988. Logan is also a financial columnist for Benzinga.com and contributor for BusinessInsider.com and writes on financial matter relating to the housing market and basic economics.

Be sure to take advantage of our biggest sale ever at https://www.jasonhartman.com/products/ by using promo code “Christmas” before year-end.

Direct download: CW_1539_FBF.mp3
Category:general -- posted at: 5:00pm EDT

Jason shares big news from the Federal Reserve, what does this mean for interest rates in the next couple of years? What does this mean for housing?

Former senior credit officer for two California banks, and editor and publisher of The Strategic Financial Intelligence monthly newsletter, John Truman Wolfe joins Jason Hartman today talking about the coming financial crisis. The question is, will the bubble pop, if so, what will happen? As well, John and Jason talk about banks worldwide, who to trust, how much to evaluate them, and what they’ve done wrong. Will banking eventually lead to a global digital currency?

Books: The Coming Financial Crisis & Crisis by Design by John Truman Wolfe

Key Takeaways:

[3:30] Big news from the Federal Reserve.

[9:30] How long will the Fed keep interest rates low?

[13:00] People keep predicting the end of the world, and it’s yet to happen. 

[14:00] John Truman Wolfe

[15:15] Talking derivatives: the thing about the thing. 

[15:45] Will this bubble pop, and what will happen if/when it does?

[20:00] John discusses the BIS (Bank of International Settlements) and the Bail-In Policy.

[22:45] What should people do, and what banks are safe?

[27:40] How often should you evaluate your bank, and in what should you look?

[32:45] The biggest problem for the U.S. dollar is that the Fed has thrown 5.2 trillion dollars into the economy out of thin air. 

[34:00] Could we move to a world monetary system in the form of digital currency?

Websites:

StrategicFinancialIntelligence.com

johntrumanwolfe.com

JasonHartman.com/Asset

JasonHartman.com/Webinar

www.JasonHartman.com

www.JasonHartman.com/properties

Jason Hartman Quick Start

Jason Hartman PropertyCast (Libsyn)

Jason Hartman PropertyCast (iTunes)

1-800-HARTMAN


The U.S. housing market is outperforming every other sector in the world. Jason Hartman discusses the migration from cyclical markets to linear markets. Some cyclical markets see growth, but dense cities like San Francisco are seeing people leave in throngs. 

Joel Pollak, senior editor and in-house counsel at Breitbart News, joins Jason Hartman to discuss his new book Red November, Will the Country Vote Red for Trump or Red for Socialism? Pollak and Hartman wind through a road of political discussion ranging from activism to the POTUS race. As well, they critically discuss how mainstream media shares their version of the narrative. 

Books: Red November, Will the Country Vote Red for Trump or Red for Socialism? By Joel Pollak

Coffee Tok (Talk) Sunday Mornings 11 am/8 am EDT/PDT

“How to Avoid The Top Three Irrational Mistakes that Investors Make when Investing”

facebook.com/JasonHartman.com

Key Takeaways:

[1:45] “When we compare this recession to the previous one; instead of a housing crash, we have a housing market that is outperforming every other sector in the world, during the most impactful economic and health shock in recent modern history. That’s a lot of hyperbole, but it’s all true.”

[2:10] “New home sales in July increased 13.9% crushing expectations.”

[2:40] U.S. home prices rose 4.3% in June.

[7:30] Some reports are stating that a few cyclical markets are seeing high activity. 

[14:00] What are the most evil companies in the world?

[17:00] People are leaving San Francisco in throngs. A 96% increase in year over year listings. 

Joel Pollak

[21:45] Who’s leading the race for POTUS?

[24:30] These massive protests are being used to rally activists of the left and the right but also frightening the middle. 

[30:25] Most of the activity and activism has been in cities and states mostly controlled by democrats. 

[34:45] Has the media discredited themselves so much that most Americans can see through them?

[38:30] “Biden never came to the spin room once” - Pollak

[41:20] “The genius of America is that people pursue their self-interest with a public spirit.” Pollak was quoting Alexis De Tocqueville.

Websites:

JasonHartman.com/Asset

JasonHartman.com/Webinar

www.JasonHartman.com

www.JasonHartman.com/ask

www.JasonHartman.com/properties

Jason Hartman Quick Start

Jason Hartman PropertyCast (Libsyn)

Jason Hartman PropertyCast (iTunes)

1-800-HARTMAN


Jason Hartman spreads the news, lumber prices have gone through the roof. What does this mean for new construction homes? What does this mean for the homes you already own?

Jonathan Martis, CEO and Co-Founder of Kleard, joins Jason Hartman today to share his business with smart locks, smart real estate, and self-tour tech. Open a house for potential clients from anywhere in the world, and get pre-qualifying information alongside. Will this tech move to the short-term rental market as well?

Key Takeaways:

[1:30] From a weekly report on the lumber market: Prices have gone through the roof on southern yellow pine, an essential building material for homes.

[4:00] The houses you own are index funds for commodities. 

[7:45] Meet the Masters VIP Follow-On Session Number 2

[11:00] 42% mortgage interest rate in Honduras (1994)

[13:30] Index + Margin = Rate or the lenders interest rate

[16:25] Since April 17th, the average new single-family home has increased in price by____?

Jonathan Martis

[21:00] What is Smart Locks by Kleard, and how did it come about?

[24:45] Jonathan explains how to use Kleard for self-tours. 

[34:00] How much does it cost?

[39:25] What’s next in the smart home industry?

Websites:

kleard.com

JasonHartman.com/Asset

JasonHartman.com/Webinar

www.JasonHartman.com

www.JasonHartman.com/properties

Jason Hartman Quick Start

Jason Hartman PropertyCast (Libsyn)

Jason Hartman PropertyCast (iTunes)

1-800-HARTMAN

Direct download: CW_1536_Smart_Locks__Self_Management_Jonathan_Martis.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman talks about the K-Shaped recovery. Are we moving to a smaller economy? Can Biden kill the 1031 exchange, and use those tax funds elsewhere? How will this impact every aspect of real estate surrounding investor deals? 

Jason interviews Chairman of Whalen Global Advisors LLC, R. Christopher Whalen. Whalen speaks on location changes of people and businesses due to Coronavirus. Not only are business locations changing, but companies have been forced to move away from the “old way” of doing business and finally adapting to innovations in technology and communication. Whalen also gives a glimpse into his recent book and discusses the fed’s strategy to steer clear of deflationary times. Will we see consequences from the creation of money and bailouts? 

Books: Inflated, How Money & Debt Built the American Dream  by R. Christopher Whalen

Key Takeaways:

[1:00] Jason talks about the recovery shapes: are we moving into a smaller economy?

[5:00] Businesses going virtual.

[9:20] Biden wants to kill the 1031 exchange. 

[15:00] Could Biden use the elimination of the 1031 exchange as a way of embarrassing Trump?  

R. Christopher Whalen

[21:00] Not only are people leaving big cities, like NYC, because of COVID-19, but large companies are also looking to move so that they can relocate the people that work within them.  

[23:30] Coronavirus has forced businesses to move out of “the old way.”

[27:50] A brief history of banking, from Abraham Lincoln to present.

[30:20] Before the creation of The Fed, J.P. Morgan was essentially the central bank. 

[32:00] Whalen breaks down how he differentiates between inflated as he puts it and inflation. 

[37:15] Will we see any consequences from the creation of money and bailouts?

[38:00] Quantitative Easing: central banks buy government bonds or other financial assets to inject money into the economy to expand its activity. 

Websites:

www.rcwhalen.com/

JasonHartman.com/Asset

JasonHartman.com/Webinar

www.JasonHartman.com

www.JasonHartman.com/properties

Jason Hartman Quick Start

Jason Hartman PropertyCast (Libsyn)

Jason Hartman PropertyCast (iTunes)

1-800-HARTMAN


This episode of Flashback Friday was initially published: October 31, 2012

Private equity is a type of investing where you deploy capital in companies privately rather than in the public market. Here to talk about this subject with Jason Hartman is David Carey, author of King of Capital, and senior writer for “The Deal.” David explains the various forms, including injecting money into companies to help them grow faster, and the most common form, a leverage buyout (LBO).

In an LBO, private equity firms are not responsible for paying down the debt, unlike a homeowner who pays off a mortgage. Instead, the company that is being acquired takes on the debt and retires it over time using its own cash flow. David notes that most private equity firms outperform stocks and bonds by a wide margin, not just through the use of leverage, but also from improving the profitability of the companies they acquire. David goes on to share his thoughts on the attacks on private equity, Bing Capital and Mitt Romney.

Dispelling the political negative caricature of the private equity business, David shares how these firms have helped numerous companies prosper, allowing for quicker new job growth. Bing Capital was an exception, having piled on too much debt, and naturally, the Obama campaign took a potshot at the firm and private equity firms in general.

DAVID CAREY is senior writer for The Deal, a news service and magazine covering private-equity and mergers and acquisitions. Before joining The Deal, he was the editor of Corporate Finance magazine and wrote for Adweek, Fortune, Institutional Investor, and Financial World. Carey has appeared often on CNBC. He holds two masters degrees: one in French literature from Princeton and a second in journalism from Columbia. He earned his bachelor’s degree at the University of Washington.

Carey authored the book, KING OF CAPITAL: The Remarkable Rise, Fall, and Rise Again of Steve Schwarzman and Blackstone (Crown Business; October 2010), which tells how Schwarzman and his co-founder Pete Peterson, starting with just one secretary in 1985, built a powerhouse that weathered the financial crisis successfully even as other institutions crumbled. More about the book can be found at:  http://king-of-capital.com/whats-the-book-about/highlights/.

Websites:

JasonHartman.com/Fund

JasonHartman.com/Asset

JasonHartman.com/Webinar

www.JasonHartman.com

www.JasonHartman.com/properties

Jason Hartman Quick Start

Jason Hartman PropertyCast (Libsyn)


Jason Hartman answers a listener question about investing in real estate amid COVID-19. When is a good time to start, or to extend a portfolio? Also, a reminder about the greater fool theory related to WSJ’s mention of Apple’s latest valuation. Invest in something that makes sense the day you buy it. 

Phil Harvey is today’s guest, discussing his recent book and a few ways that tax dollars are distributed to some for questionable reasons. Phil shares everything from billionaires receiving million-dollar payouts for owning farmland to customers paying double the price of sugar in the local grocery store. 

Book:

Welfare for the Rich: How Your Tax Dollars End Up in Millionaires’ Pockets-And What You Can Do About It by Phil Harvey

LivestreamSunday Morning, Coffee Tok (Talk) 11 AM EDT 

facebook.com/JasonHartman.com

Key Takeaways:

[3:20] “Is now (COVID-19) a good time to start investing in real estate?” Listener, Scott

[8:45] Jason elaborates on pension plans versus real estate investing, a continuation of the question from a listener, Scott. 

[12:45] Apple just passed the 2 trillion dollar market cap: what did WSJ say about it?

[13:45] The greater fool theory

Phil Harvey

[19:40] How are taxpayers getting burned by welfare going to many of the wrong places?

[22:30] How are the well-to-do getting welfare? 

[24:30] Jason and Phil discuss the bonuses received by owners of farmland for no apparent reason. 

[29:30] Some coastal cities have zoned land in such a way that housing has become unaffordable. 

[34:30] Is the open spaces argument, “you’ve already got yours, so you’re not going to share?”

[36:15] Everyone pays twice as much as they should have to pay for sugar, to benefit which sugar baron?

Websites:

WelfareForTheRich.com

JasonHartman.com/Fund

JasonHartman.com/Asset

JasonHartman.com/Webinar

www.JasonHartman.com

www.JasonHartman.com/properties

Jason Hartman Quick Start

Jason Hartman PropertyCast (Libsyn)

Jason Hartman PropertyCast (iTunes)

1-800-HARTMAN

Direct download: CW_1533_Phil_Harvey.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman shares a big-data lawsuit that once again proves that thou shalt maintain control of one's investment. Check out how mall shopping center REITs might be in trouble. If you aren't convinced yet about the coronavirus's impact in cyclical markets, listen in for some stats on NYC, LA, and Huntsville, Alabama.  

Laurence Ball joins Jason Hartman to discuss his book, The Fed and Lehman Brothers: Setting the Record Straight on a Financial Disaster, and draw comparisons about our current pandemic recession. While many details differentiate the two recessions, such as being self-imposed, how we recover, and how quickly we recover might have some similarities. How can the stimulus set up the future of government assistance?

Books:

The Fed and Lehman Brothers: Setting the Record Straight on a Financial Disaster by Laurence M. Ball

Key Takeaways:

[1:45] L.A. launched a 100 million dollar coronavirus rental assistance fund. 

[3:30] NYC had a massive decline in tourism. How low was it?

[6:30] The increase in median sales prices for homes in Huntsville, Alabama, during the COVID-quarter (Q2-2020) was 13%. 

[12:15] Jason talks about a lawsuit that says, "giant mall REITs are licensed to spy, swiping vehicle date from license plates."

Laurence Ball

[18:15] Has there been an active enough response to COVID-19 from policymakers?

[19:45] Speaking on the first self-imposed recession. 

[21:00] Will Coronavirus stimulus packages be the prelude to a sort of nationalized housing assistance program?

[26:15] Can the government and the fed solve the problem by creating more money, quantitative easing, and more stimulus?

[29:45] Failure to rescue Lehman Brothers made the recession outcome worse. 

[34:00] Were we do for a correction, pre-pandemic? 

Websites: 

ConquestMaps.com

JasonHartman.com/Asset

JasonHartman.com/Webinar

www.JasonHartman.com

www.JasonHartman.com/properties

Jason Hartman Quick Start

Jason Hartman PropertyCast (Libsyn)

Jason Hartman PropertyCast (iTunes)

1-800-HARTMAN

Direct download: CW_Covid_Investing_laurence_Ball_1532.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman talks with Ross Wordon in today’s client case study. Ross Wordon started a fast-growing business from an Etsy store. His early interest in real estate sent him on an investment quest. After being a devoted listener of more than 500 episodes, he managed to purchase his first investment property and set into motion a plan to own 93 properties in 10 years. Jason and Ross break down Ross’s strategy to grow his investment portfolio and discuss options for growth and the financial freedom date. 

MEET THE MASTERS VIP

Bonus Implementation Session

This Thursday, August 20th @8 PM EST

LIVESTREAM: Sunday Morning, Coffee Tok (Talk) 11 AM EDT 

facebook.com/JasonHartman.com

Key Takeaways:

[1:00] Working on “handy-dandy” Real Estate Investment calculators.

Client Case Study: Ross Wordon

[5:45] Since the Coronavirus outbreak; Travel is only 17% of what it was a year ago.

[11:00] Discussing wanderlust from the perspective of someone who’s business revolves around people’s desire to travel, amid a pandemic. 

[14:00] Ross shares his early interest in real estate. 

[17:30] Breaking down a 7-year real estate investment strategy. 

[26:00] Jason and Ross talk about the compounding effect of staying the course. 93 properties in 10 years. 

Websites: 

ConquestMaps.com

www.JasonHartman.com

www.JasonHartman.com/properties

Jason Hartman Quick Start

Jason Hartman PropertyCast (Libsyn)

Jason Hartman PropertyCast (iTunes)

1-800-HARTMAN

Direct download: CW_1531_Ross_Wordon_Client_Case_Study.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman talks about the continuing trend to get out of the city and into the suburbs. And as people are moving to the suburbs, they begin to spend a lot of time improving their homes. Many people are taking advantage of this trend, known as geoarbitrage. 

Jason Hartman interviews author of the book, Unfu*k Yourself, Get Out of Your Head and Into Your Life, by Gary John Bishop. Bishop shares pieces of the philosophy that shaped his world. His joy for helping others gave momentum towards sharing his wisdom in book and audio form. His approach to life is designed around forgiveness, being honest with oneself, and that significant change is available to everyone. Gary John Bishop is also author to Stop Doing That Sh*t and Do The Work.

LIVESTREAM: Sunday Morning, Coffee Tok (Talk) 11 AM EDT 

facebook.com/JasonHartman.com

Key Takeaways:

[2:45] Google Search: “movers near me,” at an all-time high. 

[3:45] Home Depot, daily foot traffic, up 35%

[5:45] More people are fleeing San Francisco and NYC for the suburbs.

[9:45] Jason speaks on geoarbitrage.

Gary John Bishop

[16:45] “Have you ever felt like a hamster on a wheel, furiously turning your way through life with somehow going nowhere” - Gary John Bishop

[18:00] The best place to start is finally telling yourself the truth.

[21:30] “You’re way more encumbered by what you think than anyone else.” G.J. Bishop

[23:45] How do I forgive someone/something?

[25:00] It’s amazing what things people will give up to be right.

[26:25] Should we always forgive?

[31:30] Significant change is available to you. 

[35:45] “Your success in life is almost exclusively tied to the degree that you can keep a promise to yourself.” G.J. Bishop 

Websites: 

GaryJohnBishop.com

www.JasonHartman.com/asset

www.JasonHartman.com

www.JasonHartman.com/properties

Direct download: CW_1530_Unfu_k_Yourself_Gary_Bishop.mp3
Category:general -- posted at: 5:00pm EDT