Creating Wealth Real Estate Investing with Jason Hartman (general)

Today's Flash Back Friday comes from Episode 783, originally published in January 2017.

Jason’s guest, Patrick Donohoe is the CEO of Paradigm Life. Paradigm Life is an insurance-based financial services company. Patrick shares his thoughts on the recent political changes and how the U.S. economy will be affected, he shares his thoughts on the new administration with a high-level worldview and he recalls his recent experience at the Meet the Masters of Income Property event in California.

Key Takeaways:

[3:05] The caliber of people at the Meet the Masters of Income Property event was a high point

[5:52] Foxconn will bring manufacturing back to the U.S. due to Trump’s business savvy

[12:28] Patrick doesn’t believe charity to foreign nations is in the best interest of the U.S.

[16:23] It will be fascinating to see how Trump deals with the past, present and future

[20:49] Trump will inject adrenaline into the U.S. economy

[23:50] Paradigm Life is an insurance-based financial services company

[28:18] A stock market rally is a short-lived business cycle

[30:51] Patrick describes how he makes the right investment and performs due diligence when acquiring properties.

Website:

www.ParadigmLife.net

www.JasonHartman.com/Properties

www.VentureAllianceMastermind.com

Direct download: CW_1023_FBF_Pat_Donohoe.mp3
Category:general -- posted at: 12:00pm EST

Jason Hartman takes a turn to the listener mailbag while talking with Kerry Lutz, founder of the Financial Survival Network. Today's topics run the gamut from when to rent your personal residence, how RV ratios work around the world, how to work with Jason, and how to get OUT of the real estate game as you get older.

Key Takeaways:

[2:41] Why Jason has long believed the idea of public unions is ridiculous

[6:27] The stigma between renters and home owners seems to be disappearing, if not already completely gone

[9:54] Mason's question on renting his primary residence

[18:42] RV Ratios apply world wide

[19:23] How is depreciation unwound?

[24:58] Is it wise to put 100% down on a property if you have the cash?

Website:

www.JasonHartman.com/Properties

www.FinancialSurvivalNetwork.com

AIPIS 207 -Prices, Rents, and Interest Rates

Direct download: CW_1022_Kerry_Lutz_Q-A.mp3
Category:general -- posted at: 6:50pm EST

Jason Hartman spends the episode talking with Kerry Lutz, founder of the Financial Survival Network, as the two discuss the ever important issue of preparing for the NEXT recession (because we all know there's going to be one eventually). The two discuss the importance of using debt prudently, how the banks were active participants in the mortgage meltdown, how to find true asset prices, and more.

Key Takeaways:

[7:45] Planning for the next recession

[13:06] We are in a boom economy, so what do we need to be reminded to watch out for?

[16:59] Check your home insurance renewals carefully

[24:13] Debt is your friend, and if managed properly it always offers options

[28:24] The banks are active participants, not victims, in these mortgage meltdowns and recessions

[34:21] If the lending dried up in any asset class the price would adjust to the real market value

Websites:

www.JasonHartman.com/Properties

www.FinancialSurvivalNetwork.com

HS 267 - How to PROSPER! As the World Falls Apart with Chris Martenson

Direct download: CW_1021_Kerry_Lutz.mp3
Category:general -- posted at: 4:36pm EST

Today's Flash Back Friday comes from Episode 640, originally published in February 2016.

Jason starts things off with his thoughts on cycles of opportunity, autonomous cars, and information about how you can win free tickets to the next JHU event. The JHU event will highlight how to evaluate properties for the most historically proven asset class in the world. And returning guest, Dan Millman who is the author of 17 books, talks about his new book “The Four Purposes of Life”. He shares his special life calculator which utilizes the numbers from your birth date to enlighten you about your life path. This information can help guide you on your journey.

Key Takeaways:

[4:32] The opportunity cycle when supply exceeds demand requires sorting

[10:00] The autonomous cars will be virtually everywhere, it’s a game changer

[14:45] The problem with statistics

[18:57] Land contract options available

[21:15] Evaluating properties at the next Jason Hartman University Live event 

Dan Millman Guest Interview:

[24:25] Writing The Four Purposes of Life

[26:29] What are the Four Purposes of Life?

[28:56] Purpose #4 - Attend to the arising moment 

[34:15] Increase your quality of presence

[35:55] Purpose #1 - Learn the lessons of life a little more gracefully

[39:51] Purpose #2 - The difference between your career and your calling

[43:04] Purpose #3 - Discover life’s path

[47:45] All of my books have their own purpose

[48:25] 12 required courses in the school of life 

Mentions:

Jason Hartman

Way of the Peaceful Warrior

Insurance.com

Property Tracker

Property Evaluator App

The Four Purposes of Life

The Way of the Peaceful Warrior

The Creative Compass

Life Purpose App

A Life you Were Born to Live

Everyday Enlightenment

Direct download: CW_1020_FBF_Dan_Millman.mp3
Category:general -- posted at: 12:00pm EST

Jason Hartman has a solo episode today as he explores some recent news stories and examines a few items of the day. Venturing all over the topics, Jason mulls over why it's pretty common for the most popular economists to have the worst economic ideas (a la Karl Marx) and why the best economic ideas have the most disliked economists. Which leads to the question, what stupid ideas are we as a society embracing today?

He also discusses the Supreme Court ruling that will somewhat level the field of retail as online retailers are now able to be taxed by the states, giving at least some form of a light at the end of the tunnel for retailers.

Other topics of the day include the cost of terrorist protection, technology vs inflation, preventing identity theft, and the potential beginning of the demise of a massively overvalued (in Jason's mind) company.

Key Takeaways:

[4:54] The economists who present the best economic views are not the most popular

[7:39] What totally stupid ideas are we embracing as a society today?

[13:08] One massively overvalued publicly traded company today

[16:39] The tax field was significantly leveled last week

[21:14] The battling forces of inflation and technology

[24:22] Why you need to shred EVERYTHING with a cross cut shredder

[26:45] If you can geoarbitrage, make a conscious choice to live in a higher quality location with a lower cost of living and low or no state income tax

[32:57] The demographics coming at the rental housing market in the next 10 years are nothing short of phenomenal

Website:

www.JasonHartman.com/Properties

Direct download: CW_1019_Jason_Hartman.mp3
Category:general -- posted at: 12:00pm EST

Today's episode is all about jobs. Jobs that are vanishing to be precise. Jason Hartman takes a look at a Business Insider article that discusses 41 jobs that are disappearing in today's world. Not surprising, many of them involve middle men/women.

Then Jason finishes his interview with Ben Way, CEO of Digits, about how technology (robots in particular) will be changing the way we think of things throughout our society, from dating to working, to risk aversion. Information is more available than ever before, is that actually holding us back?

Key Takeaways:

[3:47] Real estate investing is really just investing in packaged commodities

[8:31] One of the jobs that is going away is Executive Secretaries and Executive Admin Assistants, and why it matters to real estate investors

[13:09] Technology makes it easy to disintermediate, leading to middle man jobs going away

Ben Way, Part 2

[18:59] How do the logistics and hard drives of robots work?

[22:10] The plethora of information is making kids more risk averse

[25:51] The two things we get wrong when it comes to education

Website:

www.RainmakersGlobal.com

Direct download: CW_1018_Ben_Way2.mp3
Category:general -- posted at: 4:38pm EST

Today's Flash Back Friday comes from Episode 491, originally published in March 2015.

Jason invites Diane Kennedy on the show to talk about taxes and how to save you money. Diane is an experienced CPA and helps her clients all over the world with their taxes, accounting, and investing. The main subject of today's focus is why you should get real estate professional status, the benefits it provides, and what you need to do in order to qualify. 

Key Takeaways:

2:40 – The government takes a big cut whenever you sell stocks and precious metals, but that doesn't happen with income property

7:40 – Diane explains what the charitable remainder trust is

13:05 – There are three tests you need to qualify in order to get the real estate professional status

20:00 – What is the an aggregation election? Jason explains

29:50 – If you have a property manager, it's going to be hard for you to qualify. It is best in this case to self-manage your properties

34:15 – This stuff is complicated! Get advise from a good CPA and attorney before it's too late

36:00 – Why do you even want to get real estate professional status? Jason breaks it down

42:30 – The government wants you to own property. They are even incentivizing you for it

Website:

www.USTaxAid.com

Direct download: CW_1017_FBF_Diane_Kennedy.mp3
Category:general -- posted at: 1:04pm EST

Jason Hartman starts off the show by discussing alligators, both real life ones and real estate ones, and how we need to avoid both. As we go through life, it's easy to look back and say "If only I'd invested then", so the current you should invest for the sake of future you.

Then, Jason talks with Ben Way, CEO of Digits, about how the future is going to look in the first part of their interview. The two start off discussing how Digits is going about turning regular credit cards into Cryptocards that allow you to spend your cryptocurrency but also hedge that purchase for a year. Then the two discuss the changes that automation is going to bring to our society.

Key Takeaways:

[2:07] A trivia fact about real alligators, and avoiding real estate alligators

[5:07] The short term trends are what gets people, because you have to allow for 2-3 years

[10:19] Naresh's realization that real estate was a worthy investment

[14:11] Invest for your future because there will be a time that you will say "I wish I'd started back then"

Ben Way Interview, Part 1

[18:40] How Digits converts your existing credit cards into crypto cards and gives you up to a 1 year hedge on your currency

[21:55] How the 1 year hedge is made possible

[26:10] Every innovation leads people to fear that everyone was going to lose their job and be displaced, but it's never really happened. Is this time different?

[29:42] What people forget about automation

Website:

www.JasonHartman.com/Properties

www.RainmakersGlobal.com

Direct download: CW_1016_Ben_Way1.mp3
Category:general -- posted at: 6:19pm EST

Jason Hartman begins today talking about a recent article on Globe St that discussed the 7 ways Generation Z will impact the commercial real estate world. Jason also discusses how it also impacts residential real estate.

Then Jason finishes his interview with Matthew Gardner, Chief Economist at Windermere Real Estate. The two discuss the lack of home inventory and why the loosening of credit regulations isn't going to impact home sales as much as some are hoping. Then they also delve into millennials trying to afford homes and WHERE they can actually afford to live.

Key Takeaways:

[3:58] Education is the shortest distance between poverty and wealth

[6:56] Generation Z is going to bring the suburbs back

[12:27] What the shift back to suburbs will do to companies

Matthew Gardner Interview:

[16:58] It's taking a credit score of 740 to get a mortgage loan these days, but even if more people become eligible there's no inventory

[20:09] Factors that could trigger the next business cycle recession and what the next recession might look like

[24:27] Who are the "Boomerang Buyers" and how might they impact the single family rental rate growth?

[24:18] Millennials are having a hard time saving up for a down payment and are asking for a loan from the bank of Mom & Dad

[27:04] Milennials want to live in the "exurbs" in townhomes, but home prices are pushing them out further

Website:

7 Ways Generation Z Will Change CRE on GlobeSt.com

www.Windermere.com/Economics

Direct download: CW_1015_Matthew_Gardner2.mp3
Category:general -- posted at: 12:00pm EST

Today's Flash Back Friday comes from Episode 692, originally published in June 2016.

This episode starts out with an introduction on buy downs and then finishes up with a live recording of Jason’s session on SWOT aka Strengths, Weaknesses, Opportunities, and Threats, as they apply to the most historically proven asset class in the world. Jason explains why the imperfection and fragmentation of the U.S. real estate market make it a beneficial investment vehicle and why it outperforms Wall Street and stocks every single time.

Key Takeaways:

[2:50] What is a buy down?

[8:34] Looking at a real life example of points and how they affect your loan amount.

[16:07] Should you buy a rate down or is it better to put more money down?

[22:59] Why Wimpy from Popeye was a fantastic economic teacher.

[25:38] Real estate is a fragmented investment class but this is why it’s a good thing.

[38:59] Weaknesses of income property include property management and rent collection.

[41:45] Regression to replacement cost is different than appreciation.

[46:10] What are some threats to income property values?

Mentions:

Jason Hartman

Hartman Education

Direct download: CW_1014_FBF_SWOT.mp3
Category:general -- posted at: 12:00pm EST