Mon, 6 November 2017
CW 906 - Understanding the Trump Tax Plan and Changes to Real Estate Investors with Laurence Kotlikoff
The Trump Tax Plan that is being considered by Congress has been getting a whole lot of bad press. But is it really that bad compared to what we have right now?
Laurence Kotlikoff, William Fairfield Warren Professor at Boston University and President of Economic Security Planning, Inc, talks with Jason Hartman about what kind of impact the plan will actually have on the economy, why his model is different from many of the others, what we need to do to get the economy stimulated and rolling again, and what changes it would bring for real estate investors.
[2:15] The myth of coastal properties
"It is amazing to me how just the right mindset will change ones life"
[8:32] Finding his 4 big mentors at the age of 17 changed the course of Jason's life
[13:44] The prizes for the 5 Year Plan Contest are revealed
Laurence Kutlikoff Interview:
[19:11] Reactions to the proposed tax cuts have been over the top because they're based on an analysis done with a faulty model
[23:44] Laurence's model shows that the tax cut plan will actually stimulate growth because of the corporate tax reform
[27:40] What the new plan would mean to real estate investors
[30:49] Every change to the tax code takes a few years for people to adjust
[33:48] This is one of the few times when you can lower the tax rate and actually get more revenue
[37:30] Would lower personal income taxes increase consumption and stimulate the economy?
"Generally who the government thinks they're helping isn't who they're helping, and who they think they're hurting isn't who they're hurting"
"No country that has grown dramatically has done it by spending"
Fri, 3 November 2017
Today's Flash Back Friday comes from Episode 557, originally published in August 2015.
Do you have the sense to wait out the market during lag times? Buy and hold is Jason’s philosophy, and he is a self made multi millionaire. The average American will never buy at the markets lowest point nor sell at the highest point. For most it takes time for the media’s influence to inspire action which means always being late to the game.
Increasing your knowledge and learning pertinent facts and figures will help you to anticipate upcoming changes in the market. This September in San Diego is your opportunity to receive a complete real estate investment education so you too can create your own wealth.
[2:10] The impact of technology on inflation
[3:18] Rate of change in inflation rates
[6:01] Deflation in 2015 – July being the most deflationary month ever in the U.S.
[8:24] Maintaining yield with the income and expense ratios
[9:53] Staying power through lag time
[11:09] How deflation affects real estate markets
[13:58] Cash flow allows you to weather the downmarket storm
[16:15] Jason’s Commandment #5 – Thou shalt not gamble
[18:22] Naresh questions what happens to the real estate market if we see a rate hike in 2016
[19:00] The 3 dimensions of real estate are buy, rent or homeless
[21:42] Multidimensional asset class and price discovery
[23:08] An example of an exchange to a linear market
[25:00] Jason Hartman University Live in San Diego and Venture Alliance trip to Rhode Island
[30:00] Gold doesn’t produce income and its not a good asset class
“Why do most people miss out on selling high or buying low and what does the media have to do with it?”
“What are the 3 dimensions of real estate? Why knowing can help jump start your wealth creation.”
“JHU live will have the most comprehensive real estate investment information from industry experts.”
Wed, 1 November 2017
CW 904 - Your 5 Year Plan Contest, Buying $100 Per Month for 30 Years, and Multi-Dimensional Investments
Over the past few years, investment properties have become harder and harder to get a really good deal, but there are still solid investments available. You just have to be willing to shift your mindset away from what you could have gotten 5, 10, 15 years ago.
You're being presented with the ability to have someone put $100+ in your bank account for the next 30 years, for the price of a down payment (around $20,000), not even taking into account all the other tax benefits you'll receive.
Jason Hartman and Sara, his investment counselor, talk about what's going on in the investment property market, the importance of a long term plan, and why cash flow can ease concerns of high interest rates.
[3:55] The relative scarcity of real estate is why values continue to go up (and will continue to)
[7:49] The marketplace is the marketplace, and we must adjust our expectations in accordance with reality
[9:31] How real estate investors who have been doing it for 10+ years are adjusting their expectations for properties
"On no other asset class can you get such phenomenal financing, because income property is so secure"
[14:59] Investors are having to invest in multiple markets due to low inventory availability
[19:27] Jason's upcoming 5 year plan contest
[26:07] That interest rates are still this low is baffling to Sara and Jason
"People usually underestimate what they can do in 1 year, and they radically underestimate what they can do in 5 years"
Mon, 30 October 2017
CW 903 - Garrett Sutton, Esq - Economic Berlin Walls, Wyoming LLCs, 1031 Exchanges, Estate Tax, Rich Dad Advisor to Robert Kiyosaki
Business conscious people are leaving California in droves. Expert, Author, Attorney, Speaker and Advisor, Garrett Sutton shares his insight as to possible reasons for the mass exodus. He also describes the latest changes to IRS rules regarding LLCs and LPs, how income property investors can protect themselves from internal and external threats and how property holders can avoid large transfer taxes by utilizing a 1031 Exchange.
Garrett will be speaking during the upcoming Meet the Masters of Income Property in January 2018.
[03:13] Three important things to consider when evaluating life.
[07:52] Meet the Master's event information.
Garrett Sutton Guest Interview:
[11:17] California's LLC, Estate, and Transfer Tax grabs.
[17:10] Hey California! A 1031 Exchange is supposed to be tax-free.
[22:32] New IRS rules for auditing LLCs and LP's.
[27:50] The importance of choosing the right state to form and hold your LLC.
[36:22] Garrett Sutton explains the internal and the external attacks on LLCs.
Mentioned in This Episode:
Direct download: CW2090320-20Garrett20Sutton2C20Esq20-20Economic20Berlin20Walls2C20Wyoming20LLCs2C20103120Exchanges2C20Estate20Tax2C20Rich20Dad20Advisor20to20Robert20Kiyosaki.mp3
Category:general -- posted at: 11:20am EST
Fri, 27 October 2017
CW 902 FBF – RAPIDLY RISING COSTS OF BUSINESS IN CHINA WITH SHAUN REIN AUTHOR OF “THE END OF CHEAP CHINA”
Originally aired as CW 543.
Despite popular belief, China is no longer a cheap place to do business with labor costs and real estate costs soaring. Join Jason Hartman as he interviews Shaun Rein, author of The End of Cheap China and Managing Director of China Market Research Group in Shanghai, about debunking common myths, such as China is stealing U.S. jobs.
Direct download: CW2090220FBF20E2809320RAPIDLY20RISING20COSTS20OF20BUSINESS20IN20CHINA20WITH20SHAUN20REIN20AUTHOR20OF20THE20END20OF20CHEAP20CHINA.mp3
Category:general -- posted at: 5:00pm EST
Wed, 25 October 2017
Jason welcomes return guest, Daniel Amerman back to the program. Daniel and Jason have been discussing the US economy for over 10 years and Jason continues to use one of Daniel’s charts in his seminars. Daniel is a Charter Financial Analyst with the ability to dissect economic statistics and other financial information then create practical, relatable charts we can all understand. During today’s conversation, Daniel speaks about the unfunded liabilities of the Social Security Administration, hidden inflation and why the mortgage is one of the few wealth creating vehicles left.
[02:31] Meet the Masters of Income Property Event Speaker information.
Daniel Amerman Guest Interview:
[10:25] The first real estate President has a vested interest in the economy beyond what is good for the people.
[14:36] Congressional Budget Office says 'trust us'.
[17:00] The Social Security Administration’s unfunded liabilities.
[23:27] Dan's Personal Challenges Created by the National Debt matrix.
[31:28] Built in inflation often goes unnoticed.
Mentioned in This Episode:
Direct download: CW2090120-20Daniel20Amerman20-20Real20Estate20vs20National20Debt202620Turning20Inflation20Into20Wealth.mp3
Category:general -- posted at: 4:00pm EST
Mon, 23 October 2017
CW 900 - Self Authoring Your Life based on Personality Testing with Dr. Jordan Peterson, University of Toronto
Have you ever been taken advantage of by a business or organization? What recourse did you have? Jason shares his own personal experiences of being taken advantage of and what he did to make things right. His Free Court consumer advocacy group hopes to decentralize the global legal system.
And if you have ever wanted to know more about your personality, this 10th episode interview focuses on a psychoanalytical tool designed by University of Toronto Professor, Dr. Jordan Peterson. Dr. Peterson’s Understand Myself Assessment and his Self Authoring Program assist people in identifying their personalities and their goals for the future.
[01:53] Jason uses an Einstein quote to express his devotion to consumer advocacy.
[08:07] January's Meet the Masters of Income Property event details.
[10:26] Decentralizing the global legal system through Jason’s Free Court community.
Dr. Jason Peterson Guest Interview:
[15:36] The 5 Personality Traits of Understand Myself.
[25:01] How the Understand Myself Assessment is different than other assessments.
[26:55] Personality knowledge can help a person understand their strengths.
[32:21] Do opposites attract?
[34:05] The benefits of the Self-Authoring Program.
[42:55] Writing about oneself as a form of psychotherapy.
Mentioned in This Episode:
Direct download: CW2090020-20Self20Authoring20Your20Life20based20on20Personality20Testing20with20Dr.20Jordan20Peterson2C20University20of20Toronto.mp3
Category:general -- posted at: 11:50am EST
Fri, 20 October 2017
CW 899 FBF - Apartment Fund Listener Q&A With Andrew – Buying Into Investment Funds Breaking Jason's 3rd Commandment
Massive shifts in the world economy are coming and may be as soon as 2020. The United States has the unique opportunity to take charge of the change through technological breakthroughs that will lead us down the utopian path. In addition, the U.S. is still the best country in which to make real estate investments. But if you do it be wise about it. Private investments are one of the safest vehicles to create your wealth. Be wary of group investment funds which put the control of the funds in someone else’s hands. Jason cautions his listeners against this type of investing. Before signing any deal read every word of the paperwork.
Direct download: CW2089920FBF20-20Apartment20Fund20Listener20Q26A20With20Andrew20E2809320Buying20Into20Investment20Funds20Breaking20Jason27s203rd20Commandment.mp3
Category:general -- posted at: 12:34pm EST
Wed, 18 October 2017
CW 898 - The Business Cycle vs The Real Estate Cycle, Market Outlook with Ali Wolf of Meyers Research
There is a lot of talk in the news lately about a possible downturn in the US economy, yet Jason’s guest, Ali Wolf of Meyers Research is staying bullish. She says the important indicators to watch aren’t showing the normal warning signs of a market drop. Ali also discusses the trends of Millennials with regards to renting vs. buying a home, their purchasing cycles and what they are willing, and not willing, to pay for.
[01:25] Meet the Masters of Income Property event details.
[04:23] Talented and want to get more deeply involved? Jason wants to hire you.
Ali Wolf Guest Interview:
[08:38] Are we at the end of a business cycle?
[12:05] Ali uses the Quits ratio to judge the state of the economy.
[14:14] Three critical indicators to use as early warning signs to a possible market drop.
[17:04] Wiil Millennials be staying put and buying homes or are they the rental generation?
[24:08] Why modern, prefab homes may offer Millennials more amenities than space.
[35:09] Inventory of existing, resale housing is lower in every single market Zondo tracks.
Mentioned in This Episode:
Direct download: CW2089820-20The20Business20Cycle20vs20The20Real20Estate20Cycle2C20Market20Outlook20with20Ali20Wolf20of20Meyers20Research.mp3
Category:general -- posted at: 2:25pm EST
Mon, 16 October 2017
CW 897 - Small Apartments & SFRs - Buy It, Rent It, Profit! Make Money as a Landlord in ANY Real Estate Market & The Landlord Entrepreneur, The Landlord Academy by Bryan Chavis
As the latest Venture Alliance Mastermind is wrapping up Jason asks the attendees to share their favorite moments and key takeaways from the event. And in the interview, Brian Chavis, author of The Landlord Academy and Creator of the website of the same name, describes his property management methods and tools. His advice is for income property investors to treat their portfolios as a business and to set expectations from the onset of a landlord-tenant transaction.
[02:38] John Christensen and Mike Zlotnik share key takeaways from the Venture Alliance Mastermind.
[08:03] Gary appreciated the biohacking information shared by other Venture Alliance members.
Brian Chavis Guest Interview:
[17:50] The fundamentals of attracting tenants.
[20:20] Basics of a solid lease.
[23:33] The two main systems landlords need to have in place.
[27:12] How to handle move outs, inspections and
[30:23] Be a better property manager with
[30:23] Brian shares his favorite apps and the software he uses to run his business.
Mentioned in This Episode:
Direct download: CW_897_-_Small_Apartments__SFRs_-_Buy_It_Rent_It_Profit_Make_Money_as_a_Landlord_in_ANY_Real_Estate_Market__The_Landlord_Entrepreneur_The_Landlord_Academy_by_Bryan_Chavis.mp3
Category:general -- posted at: 3:40pm EST