Creating Wealth Real Estate Investing with Jason Hartman (general)

Jason Hartman does another client case study with Lisa, and today is all about metrics. Lisa has seen the Pro Formas available on Jason's website but wants to know which lines are the most important to be looking at when evaluating a property. Then Jason and Lisa move on to self-management and some ways to find a handy man that are outside the norm. Plus, don't forget to celebrate Financial Freedom month throughout July!

Key Takeaways:

[3:31] The 3-5 things Jason looks at first in the Pro Forma

[9:22] The very first thing you need to do when looking at any Pro Forma is checking the assumptions

[12:44] Don't forget to watch and re-watch the 27 minute video that goes over the Pro Forma line by line

[13:42] How Lisa used Lowe's to find a handy man

[17:37] Why Jason's so excited about his new Empowered Investing Network

[19:25] What to do for Financial Freedom month (coming this July)

Website:

www.JasonHartman.com/Properties

Quick Start Podcast

Direct download: CW_1224_Lisa.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman talks with Andrew Rybczynski, Senior Consultant at CoStar Portfolio Strategy, about what is happening on the construction side of both single family and multifamily properties. The tight labor market is causing unit completion to slow significantly, but there are a massive number of units being started. The two look at the impact of more millennials living at home on the shadow demand for apartments and whether renter demographics are still looking good.

Key Takeaways:

[3:22] We're seeing a lot of construction all around the country, what's the supply/demand outlook?

[7:02] How much are construction costs going up?

[11:02] We're not building single family homes as much as we used to

[13:45] About 32% of adults 18-34 are living with their parents

[16:57] Looking at the spread between an apartment cap rate and a triple B bond

[20:52] How Andrew views renter demographics over the next 10 years

Website:

www.JasonHartman.com/Properties

www.CoStar.com

Direct download: CW_1223_Andrew_Rybczynski.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman and Adam join forces in today's episode to discuss some of the recent economic stats the National Association of Realtors released and why they're important for real estate investors. Adam also has a talk with one of the network's lenders about current mortgage rates, and then the two tackle listener Robert's question about real estate investing during a deflationary period (when Inflation Induced Debt Destruction doesn't factor in).

Key Takeaways:

[4:00] Foreclosures are down, which is both good and bad news for us as investors

[7:36] The 2 ways of determining pending home sales

[11:31] June mortgage update

[16:29] Listener question from Robert about deflation concerns

[20:47] How real estate rents fared during the 30s and 40s in single family and apartments

[24:05] In the past 54 years the number of cost burdened renters has doubled because wages aren't keeping up with rent growth

[30:44] Just because deflation happens doesn't automatically mean your rents are going to go down

Website:

www.JasonHartman.com/Properties

www.JasonHartman.com/Ask

PropertyCast

How Have Rents Changed Since 1960?

Direct download: CW_1222_June_Mortgage_Update.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 third installment of our guided visualization journey.

Direct download: CW_Guided_Visualization_3.mp3
Category:general -- posted at: 12:00pm EDT

Today's Flash Back Friday comes from Episode 920, originally published in December 2017.

Jason Hartman starts off the show with Investment Counselor Carrie from a single family investment trade show in Phoenix, Arizona. The two have been meeting vendors at the trade show and are absolutely amazed at the opportunities that smart technology is creating for investors. These innovations will allow investors to truly increase their profits as they become more comfortable self managing their properties across the nation.

Then, Jason talks with Cameron Herold, author of Double Double: How to Double Your Revenue and Profit in 3 Years or Less, and Meetings Suck, about how his Vivid Vision can clarify your purpose and help you get on the right path.

It's imperative that every business knows exactly what the mission is, and that every employee in the business knows where the company is headed. It's the only true way to get, and stay, ahead of the competition.

Key Takeaways:

[3:32] There's technology coming that will allow you to review tenants (and have them review you)

[8:14] Smart technology is making it easier to self-manage properties from a distance, and increasing your profits in the process

Cameron Herold Interview:

[14:15] How writing your Vivid Vision can author your future

[17:39] Reverse engineering your Vivid Vision

[20:26] Finding the "sweet spot" in length for your Vivid Vision, and how to properly use it

[23:43] What should you do with your Vivid Vision? How much does David share his?

[28:32] How to run meetings properly

[31:41] How long should you book your meetings?

Websites:

www.CameronHerold.com

Direct download: CW_1221_FBF_Cameron_Herold.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman talks with Dr. Warren Farrell, author of books such as Why Men Earn More, The Myth of Male Power and his newest book The Boy Crisis, about the various waves of feminism and what each has done to male/female relationships. Warren explains why he was originally part of the National Organization of Women (NOW) and why he eventually left, as well as the importance of male figures in children's lives.

Key Takeaways:

[2:29] Dr Farrell left the National Organization of Women when the members demanded that children of divorce be kept with their mother, not the father

[5:14] Want to know how messed up the world is? Check out dating sites

[7:34] Examining the 3 waves of feminism, have they been a good deal for women?

[10:55] There's a movement among men who have started thinking that the current family dynamic isn't a good deal because they lose everything if the marriage fails

[13:32] When researching for The Boy Crisis, Warren found 70 ways that boys were being harmed when they didn't have a mother and father influence in their lives

[16:46] At every stage of the prison sentence, the discrimination against men is drastic

[18:14] The pay gap isn't between men and women, it's between dads and moms

[24:40] Women who have never been married and never had children earn 17% more than men do

[29:55] A vast majority of men in prison are fatherless

[34:12] The male/female sexual tango is completely out of rhythm at the moment

Website:

www.WarrenFarrell.com

Direct download: CW_1220_Warren_Farrell.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman and Investment Counselor Carrie take a look at some of the prime markets where first time buyers are looking to buy, with several of them being markets his network is currently selling properties. Then the two look into some responses from listeners about some personal information they shared before coming to Meet the Masters as Jason tries to learn more about his friends.

Key Takeaways:

[2:28] Where first time buyers are looking to buy

[6:05] Terminology that Jason thinks needs to be used

[9:16] Tampa made the list of places people are looking to live, and it's also a market Jason's group is looking at potentially going into

[15:24] The Millennial Struggle House and Home Blogcast

[20:58] Some responses from the Meet the Masters question about some interesting facts about attendees

[25:09] What life lesson Jason learned from his mom when learning to fly

Website:

www.JasonHartman.com/Properties

Direct download: CW_1219_Carrie.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman talks with Dr. David D Friedman, son of Milton Friedman, former professor at Santa Clara University in the Law School, and author of books such as The Machinery of Freedom: Guide to a Radical Capitalism and Law's Order: What Economics Has to Do with Law and Why It Matters. The two dissect what role the government should have in society: what it's capable of and what it need to steer clear from, while also delving into the 4 problems that need to be addressed in a feud system.

Key Takeaways:

[3:21] How David's thinking is similar and different than his father's

[5:34] Can the government actually be out of everything?

[9:55] One of the mistakes that supporters of free markets make is implying that things won't ever go wrong

[13:25] Market failure is a mark for and against government

[19:17] What David learned about feud law when looking at various legal systems

[23:12] Making the tort claims transferable would make our legal system much better

Website:

www.DavidDFriedman.com

Direct download: CW_1218_David_Friedman.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman talks with Doug about why there's been a decline in inventory and what shortages are abound in the housing market. In examining several videos about the housing market and economy, Jason and Doug also look at what impact privatizing mortgages could have and housing affordability in Canada.

Key Takeaways:

[4:52] The big housing shortage is not in McMansions, it's in the 100k range

[8:18] The problem with waiting for the next recession

[13:09] Inventory has declined, which has caused upward pressure on prices

[19:29] When large developers start building an area, they have to keep the sales going in order to make money, so prices can fluctuate

[23:25] The potential impact of privatizing is a prevention of markets overheating

Website:

www.JasonHartman.com/Properties

Email your Spam to reviews@JasonHartman.com

Direct download: CW_1217_Doug.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 second installment of our guided visualization journey.

Direct download: CW_Bonus_2.mp3
Category:general -- posted at: 12:00pm EDT