Creating Wealth Real Estate Investing with Jason Hartman

Jason Hartman talks with George Gilder, author of Wealth & Poverty, Knowledge & Power, The Israel Test, The Scandal of Money, Life After Google, as well as being an investor, writer, economist, and info-theorist, about his newest book, Life After Google. The two discuss how society is shifting when technology continues to change, as well as how blockchain is going to disrupt the entire thing anyway. George also addresses the entrepreneurial spirit in America and what to expect in the next 5-10 years

Key Takeaways:

[2:48] What is the Wealth Simulator?

[6:24] Doug is excited to see how people's different risk appetites create different scenarios in the Wealth Simulator at Profits in Paradise

[9:38] It's important to realize the value of an idea

George Gilder Interview:

[14:38] What is Google Marxism?

[19:22] Since many of Google's services are free, their learning may be slower than other companies

[21:32] Google's ultimate goal

[22:26] What will the future look like in 5-10 years with blockchain technology continuing

[26:02] The cryptocosm offers is a new architecture for the internet

[29:25] The entrepreneurial spirit is alive and well in China, more so than in the US

[34:49] What Life After Google offers

Website:

George Gilder Books on Amazon

www.JasonHartman.com/Properties

Profits in Paradise

Jason Hartman's Alexa Flash Briefing

The PropertyCast

Direct download: CW_1065_George_Gilder.mp3
Category:general -- posted at: 6:40am EST

Jason Hartman takes today's episode to discuss how investors can cash flow in a world that features increasing interest rates. With the Fed continually raising rates on their way to their goal, investors are seeing their rates slowly rise. Jason takes some time to discuss 3 strategies investors can use to help profit during these times and bring a new report from the self management journey of client Andrew Baker.

Finally, producer Adam talks with a lender from the network about where rates are today, where they're expected to go in the next few months, and where they're likely to end up once the Fed stops raising.

Key Takeaways:

[4:20] What things to expect coming back to the market as interest rates rise

[7:59] Pricing a mortgage from the perspective of the mortgage company

[9:12] Calculate when your break even point for paying a buy down is to determine whether or not you should do it

[11:49] Some more from Andrew Baker's self management adventure

Mortgage Minutes for October 2018

[24:39] Do points make sense right now?

[27:22] Where can we expect interest rates to be by the time the Fed is doing raising rates?

Website:

www.JasonHartman.com/Properties

Profits in Paradise

Jason Hartman's Alexa Flash Briefing

The PropertyCast

Direct download: CW_1064_Higher_Rates.mp3
Category:general -- posted at: 7:54pm EST

Today's Flash Back Friday comes from Episode 698, originally published in July 2016.

Today’s guest Shane Sauer is a Co-Founder of RentFax, a company which pairs real estate industry knowledge with technology tools to help investors analyze their income property investment risk. The goal is to find good, stable rental neighborhoods for long-term buy and hold investments. Shane shares the sources of the information RentFax uses to calculate their property scores and what other due diligence is necessary when buying income property.

Key Takeaways:

[2:00] Business Insider Labor Market Article: Millennials grow up, increasing the US birth rate.

[8:39] Property analyzers are not the holy grail of real estate. Technology is only as smart as the input it receives.

[12:18] Phoenix, Arizona is the site of the next Creating Wealth event in September.

Shane Sauer Guest Interview:

[15:03] Rentfax reports scores rental properties on anticipated Risc (rental income stability composite), rent and vacancy rates.

[19:03] Does this software help real estate investors make the best investment decisions?

[24:13] Rentfax partnered with geospatial data experts to filter 100 different data points on potential properties.

[30:29] ROI is not only Return on Investment but also Return on Involvement or Effort to Earn.

[33:23] Using the average tenant’s duration as a measurement for vacancy rates.

[39:07] Rentfax doesn’t distinguish between Section 8 neighborhoods and Non-Section 8 neighborhoods.

[42:23] Real estate investors should educate themselves and aggregate information before buying.

Mentioned in This Episode:

Jason Hartman

Creating Wealth Episode 693 - Buy-Downs

Hartman Education

Venture Alliance Mastermind

RentFax

RentFax on Facebook 

Direct download: CW_1063_FBF_Shane_Sauer.mp3
Category:general -- posted at: 4:21pm EST

Jason Hartman begins this episode on a somber note, talking with Phil in Myrtle Beach about the aftermath of Hurricane Florence. Phil discusses what the status of his neighborhood is, the good deeds being done in the area, and how he expects his tight knit community to protect each other in the aftermath.

Then Jason moves to a happier subject, talking with client Diana Dine about her experience investing in real estate. Diana just recently bought her first home and is now up to 5 properties between Jackson and Memphis. She recently went to both cities to meet with the Local Market Specialists and discusses her future plans as she moves toward her financial independence.

Key Takeaways:

[3:14] The power situation in Phil's neighborhood

[8:17] What can people do for the hurricane damaged communities right now?

[11:34] The aftermath of the hurricane is generally worse than the actual hurricane

Client Case Study with Diana

[13:59] Why did Diana get interested in real estate?

[18:00] Diana decided to buy her first property at the 2018 Meet the Masters

[19:20] Diana's experience meeting the Local Market Specialists

[23:49] How many properties Diana thinks she needs to reach financial independence

Website:

www.TritonRelief.org

www.JasonHartman.com/Properties

Profits in Paradise

Jason Hartman's Alexa Flash Briefing

The PropertyCast

Direct download: CW_1062_Diana_Dine.mp3
Category:general -- posted at: 4:31pm EST

Today's bonus episode starts with a dive into what Jason has been saying for a while, and what the ultra-wealthy are taking advantage of. Leverage debt and keep a high loan balance. Listen in to find out why.

Then Jason concludes his 10th show interview with James Arthur Ray. The two finish their discussion on what wealth truly is, and also look at what we've all done in our life that we need redemption from, why the onus is always on the business owner, and more.

Key Takeaways:

[3:46] The best insurance during natural disasters is a high loan balance, because you're the ones they will be helping out afterward.

[6:57] The ultra-wealthy are leveraging debt and getting phenomenal interest rates

[10:20] Bailouts during the Great Recession fueled populist anger because they helped companies, not the people

[12:50] What an aide told Jason was the reason they bailed out the institutions

James Ray Interview:

[17:56] We all need redemption because most of us have sold out our meaningful life for money

[22:25] You HAVE to understand that leaders make decisions.

Website:

www.JamesRay.com

www.JasonHartman.com/Properties

Profits in Paradise

Jason Hartman's Alexa Flash Briefing

The PropertyCast

Direct download: CW_1061_James_Ray2.mp3
Category:general -- posted at: 4:25pm EST

Jason Hartman starts off the show with a look at some important economic indicators. Some of the data is showing strength for another 2 years or so, but there are some signs of cooling. Existing home sales and housing starts are also important to look at when thinking about the future. Also, Jason is glad to see that behemoth companies like Facebook and Google are finally (potentially) going to be reined in.

Then Jason has the first half of his interview with James Arthur Ray. The two spend most of this interview discussing what actually happened at the sweat lodge in Sedona when 3 people ended up dying. They also start their look into what wealth actually is.

Key Takeaways:

[4:55] The economy is booming now, but there are signs of cooling

[7:34] Existing home sale numbers and the most long term indicator of the housing market

[12:25] Jason's terrible at predicting interest rates, but he has one place you can go where they know what to expect

[16:09] There is finally going to be some pressure put on Facebook and Google

James Ray Interview:

[19:05] What happened in the Sweat Lodge Incident in Sedona

[23:12] When something goes sideways in your business, there's only one person in the crosshairs, so you better get used to it

[27:51] James believes that the media wasn't willing to report some facts because they weren't sensational enough

[29:53] The greatest battle you'll ever fight is the battle to be unique

Website:

www.JamesRay.com

www.JasonHartman.com/Properties

Profits in Paradise

Jason Hartman's Alexa Flash Briefing

The PropertyCast

Direct download: CW_1060_James_Ray1.mp3
Category:general -- posted at: 5:35pm EST

Today's Flash Back Friday comes from Episode 524, originally published in June 2015.

When Fernando first met Jason, he had a goal to purchase enough properties to successfully achieve 'financial independence day'. A couple of years later, he built an impressive portfolio and is now retired from his job at Apple Computers. Fernando is now one of Jason's investment counselors and today he hopes to answer some common questions his real estate investor clients have been asking him. 

Key Takeaways:

[2:00] Jason would love to have listeners on the show. Fill out a guest form at JasonHartman.com/Jason. 

[4:45] In the membership section of JasonHartman.com, the audio players use Flash. Jason's team is fixing this. 

[9:15] What's the process if you want to get started in real estate? 

[16:35] Listen to the Creating Wealth podcast to get a free education on real estate.

[18:25] Please listen to episode 405 and learn how to read a property pro forma. 

[21:45] You learn a lot just by coming to one of Jason's live events. 

[29:45] Jason's business model is a simple one. They work on referrals and don't charge you a dime. 

[32:00] You can own property without an LLC, but please read Mark Kohler's book, What Your CPA Isn't Telling You.  

[37:35] You can have a good or bad tenant on any A, B, or C class property. 

[39:25] Last thoughts? Don't over think the numbers too much. We are here to help you through the process, all you have to do is start. 

Mentioned In This Episode:

http://www.jasonhartman.com/cw-485-real-estate-investing-chicago-jason-hartman/

http://www.jasonhartman.com/cw-508-market-profile-on-jackson-mississippi-with-market-specialist-brad/

http://www.jasonhartman.com/creating-wealth-255-memphis-foreclosure-profits/

http://www.jasonhartman.com/cw-405-how-to-read-a-property-pro-forma/

https://www.youtube.com/user/JHartmanRealEstate

http://www.jasonhartman.com/cw-514-client-case-study-with-philip-sullivan-in-the-atlanta-kansas-city-and-little-rock-real-estate-markets/

http://www.jasonhartman.com/cw-458-david-porter-platinum-properties-client-speaks-succesfull-income-property-investment-retail-shipping-us-economy/

http://www.jasonhartman.com/cw-459-client-case-study-70-units-fernando/

What Your CPA Isn't Telling You by Mark Kohler

www.MarkJKohler.com

Direct download: CW_1059_FBF_Fernando.mp3
Category:general -- posted at: 8:00am EST

Jason Hartman is joined by his "brother" Dan as the two discuss the value networking. Dan (who Jason considers to be one of the best networkers he's ever met) gives some tips on how to break through to your networking targets, and how crucial the network becomes when recessions start affecting you.

Jason also goes over some new information he discussed in the previous episode, as he discovered how much money millennials are actually spending on rent and what that's led them to give up.

Key Takeaways:

[1:38] Is Jason the most experienced person in his field? Try and beat his roughly 10,000 deals

[5:32] The value of networking

[11:00] Always be conscious of the other person

[14:58] Millennials are spending 45% of their income on rent

[20:39] What has to give when the percentage of income is higher than before?

[23:41] The financial crisis was 10 years ago last week, and terrible advice is still being given

[26:16] In downturns, the people who get the bailouts and the most help are people with the high loan balances

[28:58] Your network is going to be even more important when downturns happen

Website:

www.JasonHartman.com/Properties

Profits in Paradise

Jason Hartman's Alexa Flash Briefing

The PropertyCast

Direct download: CW_1058_Rents_Networking.mp3
Category:general -- posted at: 2:14pm EST

Jason Hartman starts off this backward show with guest Scott, who's an attorney who will be speaking at the upcoming Profits in Paradise about asset protection. The two explore the benefits of a Series LLC and some best practices for asset protection. Then Jason goes solo and discusses where wage growth is happening in the US (and where it's not), and how trade wars and interest rates are connected right now.

Key Takeaways:

[3:25] What is a Series LLC and how can it benefit a real estate investor?

[6:43] The best asset protection you can get defeats lawsuits before they even start

[11:45] What kind of things will Scott be presenting in Hawaii?

[17:57] The first part of asset protection is financial privacy

[20:24] Real wage growth in Hispanic homes was more than 2x other households

[25:22] Looking at rent paid like your tenant was your employee

[28:18] The only linear market in the top wage increase list is Colombus, OH.

[29:40] Trade wars are keeping interest rates lower

Website:

www.JasonHartman.com/Properties

Profits in Paradise

Jason Hartman's Alexa Flash Briefing

The PropertyCast

Direct download: CW_1057_Asset_Protection.mp3
Category:general -- posted at: 4:11pm EST

Today's Flash Back Friday comes from Episode 705, originally published in July 2016.

Live events offer investors an opportunity to meet other investors who are successful using the long-term buy and hold strategy, to hear about real life examples of the acquisition process and to learn the tips and tricks which can make an investor’s life easier. This episode is full of useful information which is framed around real client questions including what were Jason’s biggest mistakes.   

Key Takeaways:

[11:00] Why did Jason choose real estate for his career of choice?

[13:19] Buy cash flow properties which make financial sense the day you buy them.

[19:35] Should you keep your property managers on a short leash by adding discretionary measures to your contract?

[26:56] What was the biggest mistake Jason made and how did it affect his life?

[34:02] Live events are a loss leader for us but they are beneficial for clients.

[36:18] Phoenix, Arizona is the site of the new event which includes a Q & A panel discussion and a best practices for acquisition example. 

[41:09] What are the top 3 qualities a real estate investor should possess or develop to be successful with the buy and hold strategy?

Mentioned in This Episode:

Jason Hartman

Jason Hartman University

JHart88 on Voxer

Direct download: CW_1056_FBF_Oliver.mp3
Category:general -- posted at: 4:06pm EST