Tue, 27 February 2018
Jason Hartman starts up today's episode reminding people that if you want true wealth, don't spend your money on things that diminish it, spend it on investments. He also discusses the biggest fear investors have today, and the need for investors to align their interests with the big powers.
Then Jason finishes up the webinar that was started in CW 966. In closing, he touches on why he loves housing over retail and commercial, the difference in types of inflation, and why he prefers single family homes over duplexes, triplexes and quadplexes.
[2:34] Own the investments and don't buy the things that diminish your wealth
[5:43] The biggest fear most investors have nowadays
[9:33] Inflation fears are seeping through the market, and it means good news for real estate investors
[13:37] Save yourself a lot of heartache and just align your interests with the greatest forces the world has ever seen
[20:10] You can outsource jobs and retail, but you can't outsource homes
[22:15] The difference between real and nominal inflation
[25:27] Does Jason have a preference between single family, duplexes, triplexes, or quadplexes?
[29:44] Some of the linear markets Jason likes
Mon, 26 February 2018
Jason Hartman starts today's episode discussing how real estate makes you think in ways counter to our every day life. Large money has difficulty breaking in to residential real estate because there's no such thing as a bulk discount in real estate. He also talks about what's going to cause upward pressure on rents.
Then Jason plays the first half of his recent webinar where he discusses the (lack of) national housing market, the 3 different types of markets, some issues he sees in the economy, and the impact of technology on inflation today.
[2:15] The Portfolio Builder games has been updated and will be unveiled in San Jose on March 3
[3:49] We're used to a discount when we buy things in bulk, but that doesn't work in real estate
[7:30] We are bound to see significant upward pressure on rents
[10:28] Jason's back story in real estate investing
[13:25] There are really 400 local real estate markets, not a US housing market
[17:50] When Jason realized there were 3 different types of markets, and what they are
[21:54] We have some scary things going on in the economy, but overall it's still an amazing time to be alive
[25:44] We are at an inflection point in technology
[30:33] The demographics coming at the rental housing market over the next 10 years are phenomenal
[34:33] Explaining Commandment #8
Fri, 23 February 2018
Today's Flash Back Friday comes from Episode 18, originally published in June 2007.
How prudent real estate investors BENEFIT from inflation in two big ways! Here is how to use leverage prudently to maximize returns and reduce risks.
Thu, 22 February 2018
CW 964 - Indianapolis Market, Property Management Best Practices & Tenant Screening with American Apartment Owners Association Rent Recovery Service Jeff Cronrod, Part 2
Jason Hartman kicks off today's episode with some big cryptocurrency news out of Venezuela and Poland this week that show both strength and weakness for the market, plus producer Adam interviews one of the Indianapolis Local Market Specialists about what makes Indy a good place to invest.
Then Jason finishes up his interview with Jeff Cronrod. This time they focus on best practices for property management and how to properly (and legally) screen tenants.
[2:07] There's better ethics involved in taking the long term approach
[7:07] Poland's Central Bank paid YouTubers to slander cryptocurrencies
[9:08] Venezuela's massive oil based cryptocurrency
[10:21] Indianapolis Market Profile from a Local Market Specialist
Jeff Cronrod Interview, Part 2:
[20:02] Jeff's property management best practices, and proper tenant screening
[24:18] What sort of reports are available for landlords?
Wed, 21 February 2018
CW 963 - Evictions, Rent Collection, & Lease Guarantee with American Apartment Owners Association Rent Recovery Service Jeff Cronrod, Part 1
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.
[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?
Mon, 19 February 2018
CW 962 - The Barbell Crushing Affordable Homes & Dealing with Property Managers, Part 2 of Client Case Study with Scott
Jason Hartman kicks off the show talking about an important topic in rental property today, and that is the lack of affordable homes. Supply is dropping across the nation and there aren't a whole lot of options for what to do about it. Listen in for Jason's piece of advice.
Then Jason wraps up his client case study with Scott. Scott and Jason finished the last episode talking about how Scott wouldn't have been able to find all the properties he needed to complete his 1031 exchange without Jason's group. They pick up the thread today and then go into why Scott's dad couldn't make residential real estate work, and property manager experiences and differences in office space vs residential property management.
[2:46] The barbell that is crushing the supply of affordable homes
[6:56] The millennials make up one side of the barbell, but the Baby Boomers on the other side are doing something new and it's causing a disruption
[9:38] How bad is the inventory level? Pretty bad, and Jason has some market examples to prove it
[13:36] One of the solutions to this inventory shortage is get what you can get and hope the market calms down
Scott Client Case Study, Part 2
[21:14] Why Scott's dad wasn't able to make residential real estate work when he tried decades ago
[23:51] Scott's experience with the property managers in Jason's network
[28:25] The difference in self-management in office space versus residential
Fri, 16 February 2018
Today's Flash Back Friday comes from Episode 622, originally published in January 2016.
This episode can be summed up by the popular saying “Everyone is a genius in a bull market”. Many financial hosts warn against taking on debt to build wealth. Jason clearly illustrates why we should be using fixed rate mortgage as a financing vehicle and outsourcing debt to tenants while enjoying the tax advantages.
Naresh is not a real estate investor, yet. He has come up with some basic, but necessary questions for Jason which will help him and all of you budding, soon to be real estate income property investors out there. Jason reminds us “real estate is the most historically proven asset class” and carefully lays out his answers in easy to understand, common sense terms.
[2:35] Predicting market cycles would be easier if governments and central banks didn’t interfere
[8:41] The business cycle is an economic concept which affects real estate
[10:14] The Reluctant Investor’s Lament poem by Donald Weill
[17:46] Everybody’s a genius in a bull market
[19:55] Our Investment Counselors are geographically independent, market-wide gatekeepers
[23:21] Our organization has relationships with local market specialists which give clients leverage
[26:53] New clients need at least 24% cash down when purchasing a property
[29:37] The rise of the “debt bigots”
[33:38] Debt is a powerful thing, you must be wise with it
[34:30] Always use debt as leverage when purchasing real estate income properties
[37:09] A fixed rate mortgage guarantees your rate for 30 years plus tenants pay off your debt
[38:33] Podcast feeds are divided and education is free
Thu, 15 February 2018
CW 960 - Men Chase, Women Choose, The Neuroscience of Meeting, Dating, Losing Your Mind & Finding True Love with Dawn Maslar
In this 10th show, Jason Hartman talks with Dawn Maslar, author of the new book Men Chase, Women Choose, The Neuroscience of Meeting, Dating, Losing Your Mind & Finding Love, about the biological path from meeting to falling in love. Dawn's research has led her to discover what truly attracts us to the opposite sex, what we can do to change some of our bad subconscious habits, her thoughts on online dating websites, and a very disturbing truth about some of the perfume that's out on the market.
[6:17] Attraction is, biologically, meant to be temporary
[7:22] Why do humor and trust go together?
[11:50] What happens to a man, biologically, right before he falls in love
[14:57] The truth behind the reason women seem to like jerks
[18:39] One of the main things that couples that stay together have
[22:01] Dawn's thoughts on online dating sites
[24:40] The truth about a perfume scent you may not want to know
[28:15] Does nature cause us to be attracted to our opposite to diversify the gene pool?
[32:28] What is the future of Dawn's research?
"Love at first sight is a farce, it's just nature's way of getting you in bed together"
Wed, 14 February 2018
CW 959 - Client Case Study, Scott & Kelly from DC - Shopping Centers to SFRs on 1031 Exchange, Part 1
Jason Hartman starts off the show today with a reminder: housing is NOT at an all time high when it comes to payments (which is how people really base their decision to buy), and housing is still where it's at.
Then Jason has the first part of his client case study with Scott, from Washington DC. Scott owned a bunch of retail property previously, but recently sold all but one of them and shifted his focus toward residential real estate. Jason talks with him about why he made that decision, what the process was like doing his 1031 exchange, how his experience with property managers has been, and more.
[1:43] Housing is where it's at
[5:32] Housing is NOT at an all time high based on the payments being made
[8:46] Everybody's a genius in a bull market
Client Case Study with Scott:
[14:41] Was Scott worried about the retail apocalypse when he purchased all the shopping centers?
[17:30] Scott & Kelly's evolution from shopping centers to single family homes
[21:04] What happened in the commercial real estate sector last year that led Scott & Kelly to dive headlong into residential?
[25:19] Depreciation makes income properties the most tax favored asset class in America
[26:01] Scott's adventurous time doing his 1031 exchange on his commercial property that aged him 2 years in 45 days
[31:05] Why Scott is glad Jason's group exists
Tue, 13 February 2018
CW 958 - The Impact of Quantitative Tightening on Interest Rates & a Better Use for $1 Trillion with Richard Duncan, Part 2
Jason Hartman kicks off the show today asking his ultimate question: compared to what? It's a question that will serve you well in all aspects of your life and will guide you down the right path. He also wants to invite you to join him on any of his adventures scheduled for this year to make your vacation planning even easier.
Then Jason wraps up his interview with Macro Watch's Richard Duncan. The two tackle the topic of rising interest rates, better uses for going into further debt than giving it to tax reform, how the Fed will react to a tanking stock market, and what we can expect to see over the next few years.
[3:53] Always view things in perspective, and remember, COMPARED TO WHAT?
[6:16] Meeting fellow investors is crucial to success
[8:09] Why doesn't Jason want you to plan any vacations this year?
[11:41] Over Thanksgiving, while re-reading The Art of the Deal, Jason realized that Trump is a New York liberal
Richard Duncan Interview:
[14:26] What people don't realize about interest rates
"People buy houses on a payment, not a price"
[15:38] What the Fed will do if the market drops 10% and what else will happen if it drops 20%
[18:57] What Richard wishes the government had done with the $1 trillion in new deficits that will occur from the new tax reform
[23:31] Why Richard thinks the government can invest as wisely as private companies
[27:58] What are the next few years going to look like?
[30:30] People need to get very familiar with quantitative tightening