Creating Wealth Real Estate Investing with Jason Hartman

Jason Hartman and in-house economist Thomas start off today's show discussing what inflation really is, and how it's measured. There are different ways inflation can be manipulated, whether it's for political gain or belief system.

Then, Jason talks with Mark Ferguson, founder of InvestFourMore, about the state of the housing market in Mark's area of northern Colorado. The two examine the lack of inventory, best rehab practices, what (and when) to rehab, and keeping contractors in line.

Key Takeaways:

[2:38] How inflation really works and what "core inflation" is

[6:27] The 3 major ways we're convinced inflation is lower than it really is

[9:39] The importance of hedonics and what Jason hates about it

Mark Ferguson Interview:

[15:13] Mark is seeing a slowdown in his area

[18:57] Things are slowing down, so why isn't there inventory available?

[22:52] When the market slows down, rents tend to get strengthened

[24:57] Best practices for rehabbing properties and keeping contractors honest and accountable

[28:05] How do you decide what to rehab?

[30:42] Mark's experience buying a strip center

Website:

www.JasonHartman.com/Properties

www.InvestFourMore.com

Direct download: CW_1175_Mark_Ferguson.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman is joined today by Kerry and Carmen as he does one of his last shows from the United States for a little while. Jason and Carmen are off to mainland China and South Korea for a few weeks and they discuss what changes Carmen has seen among all her trips.

The trio also look at what the Fed rate hikes and cuts have done to the investment real estate market, as it has created an interesting scenarios for buyers that could be very helpful. Finally, Jason has an "investigative report" from the inside of a ride-sharing trip talking with a former employee of Amazon on how we have been misled a little by the company.

Key Takeaways:

[2:57] How much of the Fed's rate hikes have been in an attempt to "reload the gun" for the future?

[6:11] What the apreciating US dollar is doing to investors around the globe

[9:16] Rates are coming down currently but prices aren't rising, which means it's a good time to be buying real estate

[12:28] Carmen's previous experiences in mainland China

[18:03] Jason and Carmen's visit to the Amazon Fulfillment Center and an interview with a former employee

[21:37] Amazon pickers are walking at least 10 miles a day to get orders together

[23:22] The pay raise that Amazon gave their warehouse employees was offset by a slash in benefits

[28:59] Jeremy Siegel's "Looming Asset Shortage" article

Website:

www.JasonHartman.com/Properties

www.JasonHartman.com/Cruise

Direct download: CW_1174_Kerry_Carmen.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman and Adam take today's show to look at several articles about today's economy and housing market. The first one is about former Fed Chairman Alan Greenspan's thoughts on the economic state of our country in regards to the growing entitlement culture in America. The other article is about Zillow's foray into the home buying/selling world. Adam and Jason break down how each of these things will impact the average real estate investor.

Key Takeaways:

[3:34] The 10/1 ratio for the S&P and mortgage rates

[10:13] The possibility of investing in assisted living centers isn't as appealing as some make it out to be

[15:29] Money goes where it's treated best

[16:32] How Greenspan's comments correlate with what the current Fed has said about interest rate hikes this year

[19:12] Zillow's venture into the home buying/selling marketplace

[22:41] Institutional investors will take a lower return than a single individual

[25:31] Warren Buffett's giant problem

Website:

www.JasonHartman.com/Properties

www.JasonHartman.com/Events

Direct download: CW_1173_Adam.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman and Investment Counselor Sara are on today's show discussing what makes for the "best" market for real estate investing, as well as branching out into new markets and whether you should buy new construction or rehabbed properties.

After Jason finishes his talk with Sara, he talks with Julia, who will be speaking at the event in Savannah, GA about tax liens and deeds. She gives a brief intro to what they are and what she'll be discussing at the event.

Key Takeaways:

[4:05] What makes a top market?

[6:50] Starting to branch out into Pennsylvania

[12:36] What some clients across the globe have been up to recently

[17:30] New construction versus rehab

Tax Liens and Deed Interview:

[23:59] An intro to tax liens and tax deeds

[24:57] How Julia was able to buy a house in Savannah for simply paying back taxes

[27:26] Julia will be teaching how to avoid problem properties and how she evaluates deals

Websites:

www.JasonHartman.com/Properties

www.JasonHartman.com/Events

Direct download: CW_1172_Sara.mp3
Category:general -- posted at: 8:30pm EDT

Today’s Creating Wealth Show is all about the ins and outs of real estate investing. Jason Hartman discusses what you can do to find your way on the path to wealth and how you can make the most of taxation (really!). 

Key Takeaways

1.45 – The path to wealth lies in diminishing our wants as we simultaneously increase our incomes.

07.05 – With taxation being everyone’s single largest expense, we need to find a way of working that in our favor.

10.05 – Depreciation tax deduction is, without a doubt, great for real estate investors.

14.04 – Income property gives you the benefit of trading assets through your life without paying taxes – legally.

19.43 – Yet another benefit is that travel expenses such as gourmet restaurant dinners and luxury hotel stays can sometimes be tax deductible. Even trips to the Creating Wealth Seminars and Property Tours could be deductible!

Website:

www.JasonHartman.com/Properties

 

Direct download: CW_1171_FBF_Real_Estate_Advice.mp3
Category:general -- posted at: 5:00pm EDT

There's a lot of money going into tech stocks in today's world, which was the case back in the late 90s. There are some other signs that we may be entering that territory again. Jason Hartman and Adam break down an article that gives 7 signs that we may be headed for round 2 of the dot com burst and see if they agree with the points.

Then Jason talks with Tal Tsfany, President & CEO of the Ayn Rand Institute, about free speech on college campuses, how we should be defining things like happiness and selfishness, and why we should be focusing on the self. They also examine the philosophies of those who want to tax the rich in order to redistribute wealth.

Key Takeaways:

[2:18] Venture Capital investment in tech is around 1999 levels

[6:41] The trait behind the boom and bust of the 90s

[12:09] How growth stocks vs value stocks relates to the housing market

Tal Tsfany Interview:

[16:28] What's happening with speech on college campuses is a result of progressive philosophies

[18:16] What would Ayn Rand's political views be in today's world?

[21:56] Ayn Rand's definition of happiness

[25:23] Love is a goal or value that you pursue. It's a spiritual trade

[29:20] Ayn's definition of selfishness

[33:18] Berkley students in the 60s were reading Ayn Rand to be cool, but not following through on the axioms

Website:

www.AynRand.org

Direct download: CW_1170_Tal_Tsfany.mp3
Category:general -- posted at: 5:42pm EDT

Have you started teaching your kids how to invest? That's the question that Jason Hartman and Adam tackle in the opening part of today's show. The two discuss some of the more important things you can talk to your kids about in order to set them up for a lifetime of successful investing.

Then Jason talks with Anton Ivanov, founder of DealCheck.io, about his real estate journey and what made him create his deal evaluating software. The two also explore what metrics real estate investors can use to best evaluate deals and where to get numbers that will actually give you accurate results.

Key Takeaways:

[2:55] The first thing you might want to do to teach your kids about investing and how Adam is approaching it with his kids

[7:00] Jason's first savings account

Anton Ivanov Interview:

[14:57] How Anton became an accidental landlord and started his real estate journey

[18:07] How the need to evaluate deals led to Anton's technology, and how to evaluate deals in general

[21:26] The only sure way to get accurate numbers in cash flow or profit equations

[24:13] Some of the metrics Anton loves to use

[28:35] Is the future for landlords as good as Jason believes?

[35:12] You can buy in blighted areas if you want, but know that they can take a REALLY long time to turn, if ever.

Website:

www.VentureAllianceMastermind.com

www.DealCheck.io - Promo Code CW25OFF

Direct download: CW_1169_Anton_Ivanov.mp3
Category:general -- posted at: 6:35pm EDT

Jason Hartman and Investment Counselor Doug take a look today at how to protect yourself from identity theft. 11 major companies had breaches in the past year, nearly guaranteeing that your information was among them. Hear from these two about steps you can take to protect yourself as best you can. They also look into how the McMansion market is tanking, the need for financial literacy in today's school system and household debt across the United States.

Key Takeaways:

[6:18] The McMansion glut is here, and the sales prices aren't pretty

[9:38] The median retirement savings for Americans aged 55-64 does not show good things

[13:35] School systems need to teach financial literacy

[17:11] Protecting yourself from the crime of our time: Identity theft

[20:20] What locations have had data breaches recently

[25:09] You can subscribe to identity monitoring services, but the best thing you can do is educate yourself

Website:

www.JasonHartman.com/Properties

Direct download: CW_1168_Doug.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman and economist Thomas open today's show discussing some less talked about aspects of the 1031 exchange. This conversation focuses on how you can incorporate personal property in your exchange and the deadlines the IRS imposes when you're doing your exchange.

Then Jason talks with Rich Dad Advisor and multifamily property investor Ken McElroy about his recent sale of $300 million worth of property, as well as supply levels of multifamily properties, why Ken is still bullish on real estate and the future of interest rates.

Key Takeaways:

[6:25] How to lump personal property into your 1031 exchange

[8:04] IRS time deadlines for 1031 exchanges

Ken McElroy Interview:

[12:45] Why did Ken choose this time to sell his properties and how did he do it?

[17:05] Cap Rate fails to take appreciation into account

[19:01] Is there an oversupply of multifamily that's causing rents to not grow as quickly?

[23:06] What Ken has learned about his facilities for the 55+ community

[24:54] Why Ken is still bullish on real estate

[28:38] Capital always looks for safety in the US

[32:21] The impact things like ride sharing and autonomous cars are having (and will have) on real estate

[35:04] Ken's take on the future of interest rates

Website:

www.JasonHartman.com/Properties

www.KenMcElroy.com

Direct download: CW_1167_Ken_McElroy.mp3
Category:general -- posted at: 5:00pm EDT

Today's Flash Back Friday comes from Episode 407, originally published in September 2014.

Matt Theriault is is an entrepreneur, author and success coach who shows people how to start over and begin a new life setting goals and objectives so they can create wealth and live life to the fullest. Matt is the founder and host of the Do Over podcasts. 

Website:

www.EpicRealEstate.com

Direct download: CW_1166_FBF_Matt_Theriault.mp3
Category:general -- posted at: 5:00pm EDT