Creating Wealth Real Estate Investing with Jason Hartman (podcast)

On today’s Creating Wealth Show, Jason Hartman talks about the vital side of investing that is construction cost. As an investor within real estate, it’s so important to know the situation, whether it be adjusting how much you pay contractors to match with the area itself or knowing just how much the replacements to your property would be compared with the actual cost price.

 

Senate Libertarian candidate, Sean Haugh, features as Jason’s guest and together, they discuss the viability of war, the need for America to prove itself as a haven of free trade and prosperity and some of the most important points forming the basis of Haugh’s upcoming campaign.

 

Takeaways

02.00 – Jason Hartman’s personal risk evaluator model relies on construction cost and land cost, and this is a great way to minimize risk when investing in real estate.

06.30 – If you’re building in a higher price area, you’re going to have to pay your contractors more because they have to be able to afford to live in that area.

11.10 -  Three sources of assessing your land value: tax collector or assessor for property taxes, an insurance broker - an insurance company selling you a policy based on the property, and an appraiser. 

17.45 – If you’re interested in looking for the sorts of properties that can offer you regression to replacement opportunities, come along to the Birmingham, Alabama property tour in November.

20.10 – For more information specifically about risk assessment in investing, go to www.JasonHartman.com and type in ‘Hartman risk evaluator’ into the search bar to find podcasts and blog posts.

22.30 – Another recommendation for you is to look for the podcast and YouTube video about how to read a property Proforma. This is a really vital skill you can use to become a better investor.

25.20 – Surely we can’t go to war with anybody unless we have a direct congressional authorization?

31.00 – If we can reinstate America as a country of free trade and prosperity, we can give other countries reasons to work with us, not against us.

39.50 – With everything going on in the world, one of the most important things for us to do is work on empowering women.

47.00 – Being a Senator in the United States isn’t about having all of the answers – it’s about clearing the restrictions for the experts that do have the answers.

51.20 – Find out more about Sean Haugh by heading to www.SeanHaugh.com, Twitter: @EmperorSean or Facebook searching Haugh for Senate. You can also find his YouTube channel by just searching his name.

Direct download: CW_427_Sean_Haugh_Senate_Libertarian.mp3
Category:Podcast -- posted at: 2:51pm EST

In preparation for the upcoming Property Tour and Creating Wealth Seminar, taking place in Birmingham, Alabama on the 22ndand 23rd November, today’s Creating Wealth Show has Jennifer as its guest. She works as part of the local market specialist team in Birmingham and takes the time to fill us in on the trends she’s noticed in the property market, the influence of the Section 8 program and some general tips on how to make the most of this part of the country for potential investing.

Key Takeaways

01.20 – The next property tour will be taking place the weekend before Thanksgiving in November in Birmingham, Alabama.

05.40 – Bulletproofing a property is all about removing anything with mechanical parts which might prove a potential issue to the tenant. This ends up making investors’ lives much easier.

09.40 – In some markets, additional selling points don’t actually increase rental rates at all.

12.40 – Birmingham is fortunate to have a very stable market and additional houses for rehab are found through MLS, auctions and through mailing campaigns to potential sellers.

20.00 – It’s true that working as an investor within a Section 8 program isn’t always for everyone, and that all depends on your own personality.

21.45 – All properties are done up in compliance with Section 8, so regardless of the tenant’s personal profile, the property is ready for them to move in after approval.

23.00 – In most of the areas of Birmingham, healthcare and manufacturing are the largest employment industries.

 

25.43 – The latest statistic shows that around 43% of Birmingham’s population is rental based, which is a great pool to pull from.

Direct download: CW_426_Birmingham2C_AL_Property_Management_Jennifer_PM_LMS.mp3
Category:Podcast -- posted at: 3:17am EST

On today’s Creating Wealth Show, host Jason Hartman talks to financial maven and author, Bill Bonner, about his new book,Hormegeddon, how to create money out of thin air, the situation in Japan and whether you really can have too much of a good thing. Bill’s company, Agora Financial, is a leading marketplace for advice and talking points about everything to do with investing so he’s perfectly placed to assist those looking to increase their investment prowess.

Ahead of the interview, Jason addresses the Elon Musk announcement of semi-autonomous cars and their inevitably disruptive impact on everything – including real estate.

 

Takeaways

– The title for Bill Bonner’s latest book, Hormegeddon, comes from the term for specific biological experiments which went awry: hormesis.

– With many of these things they can start out as beneficial but the more you use them, the more issues arise.

– The notion of creating money is so difficult for even experts to understand – how can real money be created from absolutely nothing? From thin air?

– The trade of the decade assessment is not a prediction; it’s all about analysing what’s up and what’s down.

– The situation that Japan is currently in is terrible, and it doesn’t look to be improving in the immediate future.

– Indeed, there’s every possibility that the US could follow suit and end up in a similar situation to Japan, especially with ever-increasing Chinese trade agreements using Chinese currency clauses.

– One potential option could be ‘direct monetary funding’ which is the act of giving money, rather than lending it, in an attempt to bring the economy back up by consumer spending.

– If you borrow money long-term for real estate purposes and it’s on a low-rate basis, inflation can eventually come along and pay off your debt for you.

– Too much of a good thing is only too much. We view security as a good thing, but consider the money the Germans were spending on their own security during the war and that just can’t be justifiable.

– Declining marginal utility is where you invest too much into one thing and it all backfires.

– Decades ago, the huge houses used to be owned by people who made things and had a real role in society and manufacturing; now they’re just owned by hedge-fund guys.

– With all of the technological advances now occurring, this is an amazing time to be alive.

– Agora exists as a marketplace to collect together everyone’s questions and answers about investing because no one knows who’s going to have the right answer.

– For more information, head to www.AgoraFinancial.com or for an entertaining read, check out www.DailyReckoning.com

 

Tweetables

We spent 200,000 developing our sentiments and our bodies as humans, but now we’re so unequipped to deal with quantitative easing. Tweet this!

Empires get to impose their currency, but over time, they lose that ability – the dollar could seriously fall. Tweet this!

Direct download: CW_425_Bill_Bonner.mp3
Category:Podcast -- posted at: 8:20pm EST

In the second half of today’s Creating Wealth Show, Jason Hartman speaks to author and former Department of Justice attorney, Sidney Powell. Together, they dive into some of the most scandalous and outrageous cases which have based through the Department of Justice in recent decades. Step-by-step, they overview several of the cases featured in Powell’s book Licensed to Lie: Exposing Corruption in the Department of Justice and consider the true state of our society.

 

Takeaways

01.00 – Sidney Powell’s book, Licensed to Lie: Exposing Corruption in the Department of Justice, deals with some of the most scandalous and historic events to come out of the United States’ Department of Justice.

09.20 – Within the Merrill Lynch case, it got to the point where favourable statements were hidden for six years while four Merrill Lynch executives were sent to prison without even a listed criminal offence.

13.00 – Sometimes there are two sides to a story and you need to dig a little deeper to find out what really happened.

16.55 – You have to question when a judge says he’s never had such a fine person before him for sentencing, and then passes a sentence.

20.20 – www.pogo.org (Project on Government Oversight) has identified over 400 instances of misconduct by prosecutors in the last decade.

22.00 – Despite having a criminal conviction against his name a few days before the re-election, Ted Stevens only lost his place on the Senate by a few votes.

27.45 – The Bar associations are less than useless in these situations because they just give the same response.

32.00 – Judge Sullivan is turning around the Freedom of Information Act lawsuit against the IRS and doing his best to achieve a just result.

34.10 – There are too many aspects of the IRS case that just seem conveniently timed for it to be believable.

34.40 – Many of Sidney’s articles about these issues can be found at www.Observer.com

36.40 – If the IRS is being used to target political opponents, who gave that order?

38.45 – Information about the book and how to purchase it can be found at www.LicensedtoLie.com. Tweet Sidney using the handle @SidneyPowell1 and be sure to ‘like’ Licensed to Lie on Facebook.

Direct download: CW_424_Sidney_Powell.mp3
Category:Podcast -- posted at: 4:18pm EST

In the first section of today’s Creating Wealth Show, Jason Hartman talks about his experience in property tours and discusses the issues of either over- or under-diversifying your portfolio with your investments with investment counsellor, Sarah.

Afterwards, the discussion moves to a focus on the ever-changing industry of manufacturing as Jason talks with the President and Executive Director of The Alliance for American Manufacturing, Scott Paul. They discuss topics from moving this industry overseas, to the changing situation over history and even to the impact and potential for change due to 3D printers, with Scott Paul giving his experienced overview on each.

 

Key Takeaways

07.00 – The property investment market in Texas is rather different to the rest of the US seeing as there’s no state income tax and tenants only pay property tax if they themselves own the property.

10.30 – To reach the right level of diversification, you want to realistically be looking at investing in 3-5 markets.

16.15 – The tours and seminars are a great way to network and to find out information – even if it’s not a market you’re particularly interested in getting involved with, they’re great things to attend.

21.00 – The manufacturing market is so vast – it includes both the larger products such as fridges, and the smaller parts you don’t see, such as packaging or car parts.

24.00 – If a US steel plant were to move to China, the percentage increases of output pollutants are staggering.

25.40 – Manufacturing is one of the most important and effective ‘multiplier’ industries in the United States.

32.00 – The situation has changed prettily drastically since the 1990s and that’s not necessarily a good thing.

37.40 – We’re also putting ourselves in a risky security situation due to our total dependence on one manufacturing company in China.

43.00 – Putting money into improving the US infrastructure would be a very wise investment.

43.50 – Find out more information about Scott Paul and his work at www.AmericanManufacturing.org and on Twitter using the handle @KeepItMadeinUSA

47.40 – Germany is in a particularly good position right now, in terms of manufacturing, even though its average compensation manufacturing is almost 20% higher than that of the United States.

 

52.50 – Manufacturing has the potential to be transformed with the innovation of 3D printing.

Direct download: CW_423_Scott_Paul.mp3
Category:Podcast -- posted at: 3:29pm EST

In this particular episode of Creating Wealth, Jason Hartman is his own guest as he remedies an issue from an earlier episode of the show. Available here is a chance to hear his take on the Eight Financial Rules That Apply to Everyone and Their Money, as listed by Business Insider, and a few of his own Commandments. In the second half of the show, Jason finds out about the changing demographics of the United States and questions the consequences on real estate investing, as well as putting some figures and statistics to the eternal question, ‘Can money make you happy?’

 

Key takeaways

03.40 – According to the Business Insider’s financial rules, spending money just to show that you have money is the surest way to lose money.

06.50 – Be sure to reward yourself or find a way to celebrate when your investments are going well.

10.30 – Wealth is totally relative.

15.00 – Getting rich has little to do with your income and everything to do with your savings.

18.30 – You can learn far more from failures than from successes.

27.30 – Look out for a future episode of the Holistic Survival featuring the author of 13 Hours: The Inside Account of What Really Happened in Benghazi.

29.00 – Be sure to check out the How to Read a Proforma video on Jason’s YouTube channel: Jason Hartman Media.

31.00 – The increasing population of single adults has led to a changing trend in real estate investing.

38.00 – If you invest in Wall Street stupidity, you’re only going to get so much out of it.

45.00 – Help us to know what we’re doing right so we can keep producing such great content for you. Go to iTunes or whichever platform you use to listen to our shows and tell us what you think.

 

48.00 – For a special half-price offer, you can own the Creating Wealth Home Study course and/or the Meet the Masters physical products. To take advantage of this, just head to www.JasonHartman.com

Direct download: CW_422_Jason_Hartman.mp3
Category:Podcast -- posted at: 9:50pm EST

Investing guru, Bryan Ellis, joins Jason Hartman on today’s Creating Wealth Show to discuss some of the common pit-falls of investing, as well as to give some indication of the potential foreclosure rate. They consider the state of today’s smoke and mirrors economy and its impact on future investing and finances.

 

Key Takeaways

 

04.35 – The economy’s strength situation now seems to be a lot more regional than it was around 2007-2008.

05.30 – RealtyTrac’s announcement about foreclosures shows us that we can’t build a future without finishing what we started in the past.

06.15 – People’s three fundamental needs are the same as they’ve always been: food, clothing and shelter.

13.30 – We need the world to realize that the economy we’re running off is just smoke and mirrors.

17.30 – When the changes start to take place, huge inflation could be a very real possibility.

19.00 – Investment doesn’t have to be in stocks; it can be in real estate, or even just in commodities such as copper, steel, labour etc.

21.30 – Think of a deal from the most conservative standpoint you can, and ask yourself if it makes sense.

23.20 – A lot of people still haven’t realized that intellectual property could be the answer to successful investing.

25.00 – Many companies have a lot of intellectual property that they don’t even classify as such.

26.50 – The entire structure of this intellectual property set-up focuses on the presence of a third party.

29.30 – Ultimately, the fact still remains that the fundamentals are what matter.

30.00 – For more information about Bryan’s investing strategies or to receive his newsletter, visit www.investing.bryanellis.com

Direct download: CW_421_Bryan_Ellis_Interview.mp3
Category:Podcast -- posted at: 8:47pm EST

In this 10th episode production of the Creating Wealth Show, Jason Hartman brings to light several business stories which have caught his attention. While the first concerns shady Wall Street dealings and the men that get to the top because of them, the second proves many of his earlier theories about the dollar to be true. 

Later, he speaks with Wall Street worker turned Navy Seal turned author, Mark Divine about the importance of striking a balance between your own personal, spiritual and emotional being and how that can influence the way you work in business. He uses his Seal experience to write his latest book, The Way of the Seal, which provides realistic and useful advice for achieving this balance.

Key Takeaways

 

04.00 – The current situation with Wall Street means that it’s high frequency traders who are in hugely high-up financial positions in real estate and investing.

06.45 – Despite numerous negative predictions about the fate of the dollar, it has once again reached another 4-year high.

14.00 – What passes for ‘business’ in Wall Street is not for everyone, and some workers simply don’t want to be a part of that environment.

16.30 – Think about why you do what you do. If it’s just to scrape money off the top, that’s just flat-out wrong because you’re not adding any value to society.

21.30 – The internet is changing the world and the way it works, from democratizing publishing and more in the same way the information revolution worked.

24.30 – In the times between the old and the new, the ones with the biggest guns and the biggest biceps will come out on top.

28.00 – An awareness of your own situation and your ability to react to it are skills you learn as a Navy Seal, but they’re also skills you can apply as a businessman or entrepreneur to your everyday working life.

30.00 – The realm of your subconscious, your creativity, your heart mind and your belly mind leads you to the seat of intuition.

32.15 – The importance of movement is still fundamental: children don’t really start to learn until they start to crawl, and if they miss that stage, that sets them back a long time in terms of learning.

39.00 – Understandably, it can be difficult to find the time to exercise, but if you can make the effort to find that time, it will make a huge difference.

40.50 – More information about Mark’s ideas and programs can be found at www.sealfit.com and www.UnbeatableMind.com.

46.00 – Working on the bookend system of the morning and evening ritual can both set you up correctly fr the day ahead and settle you enough for a good night’s sleep.

 

Direct download: CW_420_-_Mark_Divine.mp3
Category:Podcast -- posted at: 10:35pm EST

In today’s episode of Creating Wealth Show, Jason Hartman discusses issues surrounding the status of our society in relation to Wall Street’s closed doors, as well as the hugely varied real estate investor market across different states, making a particular comparison between Little Rock, Arkansas and some of the more northern regions such as Chicago and New York.

 

His guest is author, Matthew Hart, who gives his leading and well-evidenced opinion on today’s gold rush and talks about the influence of advanced technologies in both gold prospecting and more recently, in diamond manufacturing.

 

 

 

Key Takeaways

 

03.20 - Little Rock, Arkansas, is fast making a name for itself as a friendly market to real estate investors.

05.00 - In many parts of the country, particularly in the North-East, landlords simply don’t have any rights.

08.20 - In January’s ‘Meet the Masters’ event, you’ll have a chance to meet and hear from the experts and industry professionals in this field.

10.10 - The revelations shown in Carmen Segarra’s secret Wall Street recordings demonstrate the level that society has reached.

14.30 - Looking at patterns suggests that we are now coming to the end of the greatest gold rush in history, with most searches being totally price-driven.

16.10 – In Nevada, new technologies for gold extraction are really taking off.

21.35 – ETFs may well be the biggest factor in price movements and alterations with gold.

24.20 – Our fascination with gold has a history that dates back further than our ability to write.

28.00 – Like everything we use, eventually these gold deposits and reserves will run out.

30.30 – As it stands, the manufacture of diamonds in laboratories doesn’t look set to ruin the gem diamond trade.

33.30 – For more information and to buy Gold: The Race for the World’s Most Seductive Metal, go to www.matthewhart.net

35.40 – www.jasonhartman.com/store will give you access to all the Creating Wealth information you’ll ever need.

Direct download: CW_419_-_Matthew_Hart.mp3
Category:Podcast -- posted at: 10:05pm EST

Joel Skousen is a survivalist author and retreat consultant. He's the author of, "Strategic Relocation--North American Guide to Safe Places."

 

Skousen discusses how our world becoming less stable because of a coming shortage in commodities. He then gives the best and easiest places to relocate to and how people can relocate if they have work or family ties. Last March, Joel walked away with just slight injuries from the crash of his Glasair kit plane. He shares that experience.

 

Joel Skousen is a political scientist, by training, specializing in the philosophy of law and Constitutional theory, and is also a designer of high security residences and retreats. He has designed Self-sufficient and High Security homes throughout North America, and has consulted in Central America as well. His latest book in this field is Strategic Relocation--North American Guide to Safe Places, and is active in consulting with persons who need to relocate for security and increased self-sufficiency. He also assists people who need to live near a large city to develop contingency retreat plans involving rural farm or recreation property.

 

Joel was raised in Oregon and later served as a fighter pilot for the US Marine Corps during the Vietnam era prior to beginning his design firm specializing in high security residences and retreats. During the 80's he took a leave of absence to serve as the Chairman of the Conservative National Committee in Washington DC. and concurrently served as the Executive Editor of Conservative Digest. For two years he published a newsletter entitled, the WORLD AFFAIRS BRIEF, and served as a Senior Editor of "Cogitations" a quarterly journal on law and government . The World Affairs Brief is now back in publication and is available as a weekly email newsletter or in a monthly print edition.

 

Find out more about Joel Skousen at www.joelskousen.com.

Direct download: CW_418_-_Joel_Skousen.mp3
Category:Podcast -- posted at: 2:57pm EST