Jason Hartman brings this episode to you from China, where he has seen the impact of the rising middle class. While it may seem to be a world away, the growth in construction in China is impacting the cost of construction here in the United States as well.

Then Jason talks with Anna Myers, Vice President of Grocapitus, about how to analyze deals, specifically for multifamily. Anna's group is all about finding the right deals in the right market, and she talks with Jason about which markets are looking good and which are past their peak, along with why the demographics for real estate investors is still incredibly bullish.

Key Takeaways:

[3:28] The Chinese surveillance state is rampant and the country seems very wary of terrorism

[7:04] The rising middle class in China has led to a large amount of higher end stores

[10:31] All buildings are made from the same materials, so when there's a building boom in China it impacts builders everywhere

Anna Myers Interview:

[13:08] What is Anna's definition of "data driven real estate investing"?

[18:23] How can you know when the supply of starts is going to meet the demand for jobs?

[21:51] Things you need to be looking for at the neighborhood level of your market

[27:36] Anna's team is looking at approximately 80 markets a quarter

[31:28] What kind of properties does Anna have in her portfolio?

[33:47] The stigma of renting is gone as Millennials and Baby Boomers are now renting

Website:

www.JasonHartman.com/Properties

www.Grocapitus.com

www.MultiFamilyU.com

Jason Hartman begins today's episode from the city of Shanghai, one of the largest (and densest) cities in the world. Since he's been in town he's started thinking about the importance of population density on real estate. It impacts everything from quality of life to desirability of businesses to the pricing of every unit.

Then Jason talks with client Greg Scott about his journey from accidental landlord to an owner of multifamily properties. Greg and Jason examine why people don't know whether they're winning or losing, how Greg was able to continue investing through the Great Recession, and what sort of demographics are making being a landlord look better and better.

Key Takeaways:

[3:46] It's important not to overlook the importance of population density

[6:27] One of the huge drivers of real estate prices is population density

[11:10] Even after "graduating" to bigger deals, Jason believes the single family home is the best deal out there

Greg Scott Interview:

[14:46] Greg's journey to becoming an accidental landlord

[18:23] People often don't know whether they're winning or losing

[23:29] When you hear about the returns people get from real estate and want to do the same, you have to actually act on it

[25:03] Greg's plan for his new multifamily facility

[27:49] How worried was Greg when he was investing in property during the Great Recession?

[31:55] Does Greg see the same thing about high rental demand as Jason does?

Website:

www.JasonHartman.com/Properties

From Hong Kong, China, which Jason calls the "Jewel of Capitalism", Jason Hartman delves into what he's seen about real estate and economics from his trip. If you think real estate in the US is expensive, you ain't seen nothin' yet.

Then Jason talks with Chris Martenson, co-founder of PeakProsperity.com and co-author of Prosper: How to Prepare for the Future and Create a World Worth Inheriting, about how the era of abundant, cheap energy is gone and our world needs to change with it. That doesn't mean abandoning everything we have now, but just recognizing the actual situation and adjusting our investments/behavior accordingly. Chris and Jason also discuss the future, and whether we're going to see inflation, deflation, or a little bit of both.

Key Takeaways:

[3:06] Hong Kong real estate has prices per square foot that are unfathomable

[7:35] There's always the real economy and the symbolic economy, and they're vastly different

Chris Martenson Interview:

[11:39] We're coming up to a time when humans are going to have to organize ourselves in very different ways

[14:20] There are 2 ways humans change

[19:32] It's getting costlier and costlier to get less and less oil out of the ground

[22:08] The easy, cheap energy from the past is gone, which explains why the global growth rate for the last 15 years has been subpar

[28:09] We're beginning to see that raising children in a dopamine heavy technological world is creating issues we hadn't expected when it began

[33:02] We have a lot of debt in our society, so deflation is ready to take over

Website:

www.JasonHartman.com/Properties

www.PeakProsperity.com

Jason Hartman brings you this episode from China with Venture Alliance Member Carmen. Jason describes how his visit to China is influencing his previously held thoughts about the country and how the looming asset shortage is a beautiful things for real estate investors.

Then Jason talks with Jorge Newbery, founder and CEO of Debt Cleanse, founder of American Homeowner Preservation and author of Debt Cleanse: How to Settle Your Unaffordable Debts for Pennies on the Dollar, about how he was able to climb out of a $26 million hole and how others can follow in his footsteps. This isn't about cheating your way out of debt, it's about using the same rights that creditors have because you need to protect yourself from predatory lending practices.

Key Takeaways:

[4:23] Jason got to visit the railroad station that was built to link North and South Korea in the future

[7:54] 5 star in the US has nothing on 5 star in Asia

[11:26] How Jason's visit to China has changed his views on the China economy

[13:39] The looming asset shortage, and why it's good for real estate investors

Jorge Newbery Interview:

[18:57] Debt may seem simple, but it's a lot more nuanced that you'd first believe

[20:42] If you can't afford your debts, the best thing you can do is to stop paying them

[23:54] How Jorge got started paying off his $26 million debt

[26:31] What kind of errors you should be looking for from your lendors

[32:21] The elite have often used debt as a way to enslave the lower classes

Website:

www.DebtCleanse.com

Debt Cleanse: How to Settle Your Unaffordable Debts for Pennies on the Dollar

Today's Flash Back Friday comes from Episode 662, originally published in April 2016.

Jason takes a break from a Social Media conference to analyze stories from the USA Today’s Money section. He shares the new tech items which will affect real estate pricing in the future, the underemployment issue in the US and the median wage of CEO’s of major corporations.

Key Takeaways:

[4:24] Live video and Virtual Reality (VR) will impact real estate pricing by changing the value of the three cardinal rules of location, location, location.

[9:26] A 5% unemployment rate in the US means everyone who wants a job has a job. The real problem is underemployment.

[15:10] Some CEO’s make $9000.00 an hour while minimum wage workers are looking for $15 an hour.

[22:09] Does an early retirement equate to an early death sentence?

Mentioned in This Episode:

Jason Hartman

Venture Alliance Mastermind

Jason Hartman and Adam start off today's show talking about one of Jason's favorite things when it comes to real estate investing: the Housing Affordability Index. The two really look into how the index is created, what elements go into it, and look at how affordable some of the markets they're investing in are.

Then Jason talks with James Whittaker, author of Think and Grow Rich: The Legacy and host of Win the Day with James Whittaker, about how Napoleon Hill's original Think and Grow Rich still applies in today's world. James and Jason look at how you can reprogram your brain and why his book still matters all these years later.

Key Takeaways:

[4:09] The formula for the Housing Affordability Index

[8:43] Looking year over year you can see which direction a market's affordability is heading

[11:18] How Financial Immaturity is helping investors

[14:20] Housing affordability doesn't factor in a critical element

James Whittaker Interview:

[19:36] What's the big deal about Napoleon Hill's Think and Grow Rich?

[22:55] The mastermind principle

[28:33] Is everything from the original Think and Grow Rich still valid or do we have to modify it for today's world?

[31:19] Opportunities will come, so you have to constantly be ready

[35:06] Reprogramming your mind to conquer limiting beliefs and start living with intent

Website:

www.JasonHartman.com/VAM

www.JamesWhitt.com

Jason Hartman starts today's show with his in-house economist Thomas to discuss the new tax law and the impact it can have on people's tax brackets. They also dive in to why the government is interested in keeping the official inflation rate lower than actual inflation rates, as well as when it can really hurt the average citizen.

Then we have a clip from the 2019 Meet the Masters of Income Property event where he discussed the good, the bad, and the ugly of self-management. Drew provides some insight into what's happened with the 8 properties he's self-managing right now, how he deals with issues that spring up (Amazon has been a life saver) and lessons learned about relationships with tenants.

Website:

www.JasonHartman.com/Properties

Jason Hartman and Adam start the episode today discussing landlord friendly markets. Specifically, how you can determine whether you're investing in markets that are. Jason explains an easy (but not foolproof) way to figure out if a market is friendly to investors, as well as another way to find out the difficulties of evicting tenants in your potential market.

Then Jason talks with Mark Smukler, co-founder and CEO at Bixby, about self-management. Mark explains how Bixby is designed to help self-managers and some of the best practices those who decide to self-manage can utilize. This includes how to handle maintenance requests, rent collections and keeping a healthy distance between yourself and your tenants.

Key Takeaways:

[3:49] How to find landlord friendly states

[8:03] The most landlord friendly state in the country is Arkansas

[10:47] Ask a few property managers to find out how eviction laws in the state/city work

Mark Smukler Interview:

[14:44] The two ways Mark sees Bixby working

[18:15] How maintenance requests and rent collections work in Bixby

[22:09] Bixby allows credit cards to pay rents, and credit card fees can be disputed. How does Bixby deal with that?

[23:44] Some property management best practices

Website:

www.LiveBixby.co

www.Twitter.com/LiveBixby

www.JasonHartman.com/Properties

Jason Hartman and Adam start today's episode answering a listener's question about whether it's better to invest in a single-family home or to look at larger, pooled assets like a 16+ door multifamily. Jason reminds everyone about Commandment #3, which is especially critical in decisions like these.

Then Jason talks with Mark Dolfini, Landlord Coach and author of The Time Wealthy-Investor, about best practices for self-managing your properties. Mark discusses the importance of treating your investments as a business and how to create a healthy distance between yourself and your tenants.

Key Takeaways:

[7:05] Single family homes tend to get better tenants, appreciate better, get better financing options and several other perks over multifamily

[10:14] The risks of investing in pooled assets. Don't violate Commandment #3!

[12:20] RV ratios for apartments will be higher because of shared walls, but don't let that be your determining factors between the 2.

Mark Dolfini Interview:

[14:53] You have to think of your real estate investments as a business

[17:34] A simple tweak to keep from giving your cell phone number to your tenants

[22:33] Whatever you're doing, it has to be scaleable

[28:07] The software Mark likes to use

Website:

www.LandlordCoach.com

www.NTNOnline.com

www.IVAA.org

www.CCMyAdmin.com

Today's Flash Back Friday comes from Episode 371, originally published in April 2014.

A best-selling author, speaker and a member of an elite group of "Rich Dad's" advisors, hand selected by author Robert Kiyosaki, Garrett speaks to investors and entrepreneurs on a variety of topics including asset protection, liability limitation, wealth creation, as well as various business and real estate issues. As an advisor for Robert Kiyosaki, Garrett has authored Own Your Own Corporation.

Garrett's books provide an accessible source of information for building your own success. A member of the State Bars of Nevada and California, as well as the American Bar Association, Garrett attended Colorado College and the University of California at Berkeley where he received a B.S. in Business Administration in 1975. In 1978, he graduated with a J.D. from University of California's Hastings College of Law in San Francisco.

Beyond his desire to educate people and business in wealth protection and growth, Garrett serves on the boards of the American Baseball Foundation, located in Birmingham, Alabama and the Nevada-based Sierra Kids Foundation.

Website:

www.CorporateDirect.com