Fri, 15 February 2019
Today's Flash Back Friday comes from Episode 292, originally published in December 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.
Thu, 14 February 2019
Happy Valentine's Day!
In order to celebrate today with a 10th episode, Jason Hartman talks with Richard Marek, former President of EP Dutton, editor of James Baldwin, Robert Ludlum, Peter Straub, Ben Stein and more, about his new book How to Fall In Love: A Novel. There's quite a bit that goes in to falling in love, and Jason and Richard explore what all it entails and how our society is turning its head on the ways that have worked (and will continue to work) since the beginning of time.
Before that, Jason and Adam discuss 2 real estate scams you need to be sure and avoid. The first involves appraisals and the other involves giving up your control.
[6:02] How some providers are using their purchasing power to manipulate sales comps
[9:35] Some turnkey providers want to convince you to only work with them because they're the seller and they have more control, but the control is what causes the problem
[14:04] When the economy turns is when we'll see who the real providers are
Richard Marek Interview:
[17:51] How do you fall in love?
[19:58] Richard doesn't think technology is helping in the love part of relationships today
[23:27] We have an entire generation who's unwilling to even pick up a phone and call someone
[28:34] What are ways we can combat the tech craze?
[30:39] Why is it healthy to fight?
[35:31] Where is the publishing industry headed?
Wed, 13 February 2019
CW 1129: High-End Apartments, 4% Rule & Self-Management Tool for Landlords by RentRedi's Ryan Barone
Yesterday, Jason Hartman talked about the number of apartments being built in the US being the highest since the 1980s. Today, Jason and Adam talk about how an immense number of those apartment units are of the high-end variety, and what that might mean for our economy if there's a slowdown.
Then Jason talks with Ryan Barone, CEO & Founder of RentRedi, about his new self-management tool and the benefits it gives to landlords. The two discuss how technology has changed the landscape of investing and who RentRedi is most likely to help.
[2:25] 80% of new apartment construction is high-end
[10:41] Living your life based on the mood of the stock market is no way to live
[15:09] Living off a 4% draw is risky if the market has a downturn
Ryan Barone Interview:
[20:44] What does RentRedi offer to the landlord?
[24:34] Who is the target audience for RentRedi?
[29:40] Technology has changed investing drastically
Tue, 12 February 2019
CW 1128: New Apartment Construction, 2018 Econ Review & 2019 Predictions by Dr David Collum, Cornell University
Jason Hartman begins today's episode with a look at the number of new apartments that were constructed in the USA in 2018. The number is the largest since the 1980s, but does that mean we're overbuilt and what does that mean to single family rentals?
Then, Jason talks with Dr David Collum, Professor at Cornell University, about his 2018 Year in Review report and what he's expecting in 2019. The two tackle the skewed CPI numbers, the impact of stock buybacks and how the next unwinding in our economy is going to happen.
[3:50] 267,900 apartment units were completed last year, the most since sometime in the 80s
[10:45] How much men and women spend on their partner for Valentine's Day
[12:27] Married home owners are seeking roommates to help pay rent
Dr David Collum Interview:
[17:12] What happened in 2018, economically speaking?
[21:44] CPI numbers started getting skewed in the 1970s
[25:55] Is there any gain from stock buybacks?
[29:37] Ultra low rates allowed institutional investors to come in to the single family housing market
[34:00] How the next unwinding will happen
Mon, 11 February 2019
CW 1127: 2019 Investment Outlook, Gentrification, Opportunity Zone Hype, NeighborhoodScout by Andrew Schiller
Jason Hartman talks with NeighborhoodScout's Founder & CEO, Andrew Schiller, about his company's predictions for the hottest appreciating markets in the US for 2019. Andrew lists the top 10 markets expected to appreciate as well as how to identify an area that's poised to make a turnaround.
[7:33] National numbers are all well and good, but they don't really matter near as much as local numbers
[9:03] Some of the hottest forecasted appreciation markets in 2019
[12:45] How big are Census Tracts and Micro Neighborhoods?
[17:05] What factors makes a neighborhood turn around?
[21:10] Property crimes are much less an impediment to property values as violent crime
[26:43] How do you use Neighborhood Scout to figure out if a neighborhood is turning around?
Fri, 8 February 2019
Today's Flash Back Friday comes from Episode 327, originally published in July 2013.
Jason Hartman is joined by Phil from Dallas who asks Jason about his journey of entrepreneurship. Jason gives his backstory, his path to success and how it was all made possible by living below his income (and making a very good income as a real estate agent while doing it). Phil and Jason also explain how the internet has impacted the entrepreneurship of Americans and one lesson Jason learned from his mother that helped shape his idea of business.
Thu, 7 February 2019
Jason Hartman takes today to discuss the glorious rental demographics that are sticking around from his prediction several years ago that the next 10 years will be great for landlords. Now he's pushing that prediction back for 10 years from now because the demographics are just so good still. With all the possibility out there, however, don't feel the need to rush after the shiny objects out there like "Opportunity Zones". Rather, take your time, do your homework, and make sure it's the right thing for you.
Then Jason talks to his in-house economist Thomas about the World Economic Forum in Davos and what came out of it. Thomas gives his predictions for the next 2-3 years, why some looming deflation might be a good thing, and whether we're in a 4th leg of the Industrial Revolution.
[3:24] The demographics of the rental housing market are nothing short of phenomenal for the next 10 years
[8:28] Hedgefund billionare Seth Claireman issued a dire warning at Davos
[18:37] Thomas sees some deflation coming up and doesn't think it'll be that bad
[22:39] Price discovery happens once we've put all the unused assets to work
[26:12] As long as GDP growth + Inflation is higher than the 10 year note, the economy is okay
[34:07] Are the next 5 years going to give us good or are they bringing bad?
[35:16] We're in the midst of the 4th industrial revolution and things are good
Wed, 6 February 2019
Jason Hartman has been in the Baton Rouge market before, but haven't been there for a while. Now, however, an old LMS is back with new, built-to-rent, construction that provides some solid return on investment. Jason talks to him about why he's back in Baton Rouge, what the new construction looks like, and the pervasiveness of institutional investors that drove him out of the Atlanta market.
Prior to the market profile, however, Jason talks about the concept of iterations, and why it's so important to not get discouraged over initial failure. You have to learn to constantly improve and always be searching for your advantage.
[2:26] The concept of iteration
[7:12] We need to stop believing we're going to get things right the first time we do them
[13:20] If you never have the hard times you can't appreciate the good
[15:18] Give your kids roots, but make sure you also give them wings
Baton Rouge LMS Interview:
[19:49] What kind of properties are being built in this round of inventory
[24:51] Every apartment complex is a build-to-rent deal, but single family build-to-rent is becoming a bigger and bigger market
[27:31] Institutional investors come in with massive amounts of capital that has to be deployed quickly, and it has led them to accept lower returns
[31:25] Are any of the new properties assisted housing?
Tue, 5 February 2019
Today Jason Hartman and Adam answer a listener question about Inflation Induced Debt Destruction, discuss the latest economic numbers that impact the housing market and why requiring things like affordable housing is a destructive practice for governments. Then Adam sits down with Joe the Lender for the February Mortgage Minute.
[6:21] Companies make a LOT of money off unredeemed items
[9:28] Listener Question: Seneca's question about Inflation Induced Debt Destruction
[17:05] The latest Consumer Confidence, Case-Shiller Index and New Home Sales numbers
[20:20] California is suing Huntington Beach for not having enough affordable housing
[24:26] February Mortgage Minute
[29:23] Mortgage starts for Joe were a little flat toward the end of the year but have been getting better this month
Mon, 4 February 2019
Jason Hartman and Adam take aim at where inflation is actually rearing its ugly head in today's world. The cost of goods is still cheap, but a lot of services are becoming more and more expensive by the day.
Then Jason answers a question from listener Fred about the number of single family homes you can own and why Jason diversified into multi-family and mobile home parks as well. Finally, Jason identifies the hardest part about owning each of the different types of real estate.
[4:16] Inflation in the SaaS world
[9:10] Inflation is hard to measure because goods are cheap, but services can be incredibly expensive
[12:56] Does your investment portfolio have termites?
[18:13] Listener Fred asks if there's limit to the number of single family homes that you can own without being overwhelmed., as well as why Jason also invests in multi-family and mobile home parks
[22:39] Diversify, BUT NOT TOO MUCH
[28:41] The hardest part about owning single family, multi-family and mobile home parks