Creating Wealth Real Estate Investing with Jason Hartman

Jason Hartman and video director Chad use the intro of today's episode to go over some of the comments made by viewers of Jason's YouTube videos, as well as announcing who the winner is for the contest.

Then Jason speaks with Matthew Sullivan, founder & CEO of Quantm Real Estate, about how his company is using blockchain and tokens to help homeowners pull equity out of their homes (whether owner occupied or investments). Matthew uses a few case studies to explain how much money you could extra, what you would owe his company, and how the secondary market works for the equity stake his company receives.

Key Takeaways:

[3:39] Jeffrey's comment on "Home builders made a big mistake"

[7:46] Abdula was amazed by "How to Maintain Control of Your Investments" about how many people take a cut before you get paid when you don't have direct control

[11:39] The winner of the YouTube challenge!

Matthew Sullivan Interview:

[18:22] Matthew's company allows you to get equity out of your house without taking out another loan with a bank by buying some of the future value of your house

[21:19] Case study: How much can you pull out if you were to have a $100,000 house with a $50,000 mortgage?

[27:35] Why Quantum Real Estate goes through the hassle of creating a REIT and tokenizing them equity share

[32:17] The effective "interest rate" for homeowners who realize their equity

[36:27] Quantum Real Estate revalues their portfolio every 3 months so the secondary market can trade

Website:

www.JasonHartman.com/Masters

www.QuantmRE.com

www.JasonHartman.com/Ask

Direct download: CW_1144_Matthew_Sullivan.mp3
Category:general -- posted at: 5:00pm EST

Jason Hartman begins today's show discussing some of the cyclical markets that have seen their housing bubble burst, as well as some non-cyclical markets that could be in danger of the same thing. One of them, Colombus, surprised him.

Then Jason talks with Edwin Kelly, founder & CEO of Specialized IRA Services, about some of the creative ways you can use your self-directed IRA to invest in non-stock market related assets. Edwin provides several case studies that show the power of self directing, as well as his "Triple D" process to help you on your way.

Key Takeaways:

[5:01] Cyclical markets have seen their housing bubbles burst and now it's starting to spread to other cities

[7:16] People buy homes based on payments, not total price.

[11:07] Colombus, OH is on the list of potentially being at risk of a bubble burst

Edwin Kelly Interview:

[15:07] What is a Self Directed IRA and what kind of assets can you use them for?

[17:56] Some unique strategies people are using in their IRAs

[20:28] Borrowing against your solo 401k as a strategy

[25:57] The Triple D process of Self Directed investing

[27:47] The costs of using self directed funds

Website:

www.JasonHartman.com/Masters

www.SpecializedIRAServices.com

Direct download: CW_1143_Edwin_Kelly.mp3
Category:general -- posted at: 5:00pm EST

Jason Hartman and Adam take a look today at some sectors of society that have been hit hard by inflation and deflation over the past 20 years. Technology has done a good job at keeping the cost of many things in check, but not every sector is reliant on it so some areas have seen skyrocketing costs.

The two also answer listener Brian's question about determining what costs you can hold back from your tenant when you're doing a make ready after the tenant moves out and give out the March Mortgage Minutes from Lender Aaron.

Key Takeaways:

[4:02] A look at inflation for the last 20 years, by sectors

[8:42] The overall inflation in the past 20 years is roughly 56%

Adam's Mortgage Update:

[12:18] Investors with good credit are looking at mortgage rates in the mid-5%

[15:33] The rate of mortgage applications has been pretty steady over the past 12 months

Jason & Adam:

[22:49] How the Service as a Software (SaaS) has been impacted by inflation

[27:28] Some make-ready tips to save you money in the long run

Website:

www.JasonHartman.com/Masters

www.VentureAllianceMastermind.com

Direct download: CW_1142_Mortgage_Update.mp3
Category:general -- posted at: 5:00pm EST

Today's Flash Back Friday comes from Episode 664, originally published in April 2016.

We are rapidly losing our freedom, so says G. Edward Griffin. Griffin is the author of the seminal work The Creature from Jekyll Island, he is the President of the American Media/Reality Zone and the force behind the Freedom Force International Movement. This is Mr. Griffin’s third time on Creating Wealth. He shares his wealth of information on the beginning of the Federal Reserve, the way our freedom is being depleted and the monetary scam which is our unrepayable debt.

Key Takeaways:

[2:42] The Central Banking Cartel influences the context of our lives.

[11:44] Align your interests with the most powerful forces the human race has ever known. 

G. Edward Griffin Guest Interview:

[16:26] The history of how the Federal Reserve came to be on Jekyll Island, Georgia.

[24:12] Most transactions in the 1900’s before the Fed was created, were conducted in gold bullion and silver.

[28:47] Supply of precious metals is limited and the effort to extract them is great, hence the value. 

[31:06] The scam of lending money is ethically reprehensible.

[37:07] The Creature from Jekyll Island book is unfolding exactly as Mr. Griffin was afraid it would.

[41:58] There are only two ideologies in the Western World and they are Collectivism, which is the idea that the group is more important than the individual and Individualism.

[49:56] Freedom comes when the individual are protected against the passion and greed of the majority.

[53:09] Where do the origin of human rights come from?

[1:00:36] Contact information for G. Edward Griffin

Mentioned in This Episode:

Jason Hartman

Venture Alliance Mastermind

Reality Zone

The Creature from Jekyll Island

Freedom Force International

Direct download: CW_1141_G_Edward_Griffin.mp3
Category:general -- posted at: 5:00pm EST

Jason Hartman and Adam start off today's show discussing listener Brandon's question about living above or below your means. It's important to keep things in perspective as you're deciding how to live your life because just getting more stuff doesn't necessarily make you happier.

Then Jason talks with Robert Greene, author of the new book The Laws of Human Nature as well as New York Times bestsellers like The 48 Laws of Power and The 33 Strategies of War, about how to approach people to put yourself in the best position for success as well as how to best change your life and circumstances. Robert goes over a few of his 18 laws to help you on your way.

Key Takeaways:

[4:45] Should you live above or below your means?

[10:38] Money gives you choices, and choices can make you happy

Robert Greene Interview:

[16:08] Misjudging people is extremely expensive, and it's getting even harder to do with everything becoming virtual

[18:27] Thinking about what other people need or are going through is one of the most important life skills you can develop

[21:42] When you ask someone for anything, they are naturally going to be resistant

[24:47] We are emotional creatures, largely governed by our emotions

[36:20] You can change your own life and circumstances by working on your attitude

[39:56] The biggest impediment in people's lives is the inability to affect or influence the people around them

Website:

www.PowerSeductionAndWar.com

Direct download: CW_1140_Robert_Greene.mp3
Category:general -- posted at: 5:00pm EST

Jason Hartman and Adam start off today's show discussing one of the keynote speakers for this year's Meet the Masters event, George Gilder. Gilder has quite the history and the two break down what he did back in the 90s, what he's doing now, and why he's still relevant.

Then Jason talks with Dr. Randy Wray, one of the foremost experts in Modern Monetary Theory, about why Minsky the philosopher is important, what exactly MMT is and why it's relevant in today's monetary society. They especially tackle the job guarantee program that MMT espouses and what's coming up for the US in the economy for the next few years.

Key Takeaways:

[4:34] George Gilder is a thought leader today just like he was 20 years ago

[7:31] When Gilder spoke back in the 90s the markets moved

Dr Randy Wray Interview:

[12:26] Who is Minsky and why is he someone we should concern ourselves with?

[15:43] What is Modern Monetary Theory and why is it applicable?

[21:31] The governments going back to the colonies spends money into existence and then taxes it back to avoid causing inflation

[24:38] Has all the money that was put into the economy during Obama's term been taken back out by taxes or is it causing inflation?

[28:51] The test you need to use to discover if you're doing monetary policy correct

[32:48] Spending during The New Deal greatly helped move our nation forward and allowed us to become the richest, most developed nation on Earth

[36:49] The job guarantee that Dr Wray is focusing on now would involve a lot of care work, and it would be decentralized

[39:58] What's coming up, economically, for the United States

Website:

www.JasonHartman.com/Masters

www.YouTube.com/JasonHartmanRealEstate

www.Levy.org

Direct download: CW_1139_Randy_Wray.mp3
Category:general -- posted at: 5:00pm EST

Jason Hartman and Adam tackle the subject of millennials in today's episode. They might start out talking about millennials feelings and whether we should put labels on people in society, but the crux of the show is based on their cohort's home buying habits. After years of waiting, millennials are finally venturing into the market, and their numbers might move the market but their habits definitely create some risk but also leave some wiggle room for safety.

Also, don't forget to enter the Meet the Masters YouTube raffle to get either a free ticket to the 2019 Meet the Masters or a $500 travel allowance!

Key Takeaways:

[6:10] Millennial mortgage habits are different than previous generations

[12:23] A housing shortage story from one of Jason's older blogcasts

[18:33] The dangers of a centrally managed economy and government intervention through things like Fannie and Freddie

[22:20] If Fannie and Freddie got out of the market it would cause a huge upward pressure in rents for investors

[26:44] Millennials saw their parents go through the Great Recession, many of them losing their homes. That will impact their home purchase habits

Website:

www.YouTube.com/JasonHartmanRealEstate

www.JasonHartman.com/Masters

Direct download: CW_1138_Millennials.mp3
Category:general -- posted at: 5:00pm EST

Jason Hartman talks with investment counselor Doug today about portfolio makeovers. After you've purchased your properties, it's important not to let your equity get lazy. Hear from Doug and Jason about how to figure out if you're ready to utilize the equity that's in your investments. Also, don't forget to enter the Meet the Masters YouTube contest for a chance at a free ticket to Meet the Masters or a $500 cash allowance for your trip!

Then Jason talks with Rohit Talwar, founder of Fast Future Publishing and author of A Very Human Future, about what we can do about the large companies who seem to be in a winner take all society, how life and body hacking are going to change the world, and more.

Key Takeaways:

[2:20] Your return on investment declines as you start getting lazy money in your investments

[6:19] When Cap Rates can actually be helpful in single family investing

Rohit Talwar Interview:

[13:27] What is value?

[20:30] The 4 views people have of companies like Facebook and Google

[24:06] 3 types of exponential thinking

[28:24] Rohit's example of pooled insurance

[33:08] What are we going to do with the people who are displaced by technology?

[36:13] Body hacking may give us advantages in areas that won't matter in the future due to automation

[37:37] What we need to change in order to have a more optimistic future

Website:

www.JasonHartman.com/Masters

www.YouTube.com/JasonHartmanRealEstate

www.FastFuture.com

Direct download: CW_1137_Rohit_Talwar.mp3
Category:general -- posted at: 5:00pm EST

Today's Flash Back Friday comes from Episode 354, originally published in December 2013.

Join host Jason Hartman and, not one, but TWO special guests on episode #354 of The Creating Wealth Show. First up is Jason’s mom, who returns to the show for the third time (by popular demand) to discuss the idea of grit when it comes to life in general and income property investing in specific. The question they bat around is “What makes for a successful property investor and successful human being, and what does grit mean anyway?” You won’t want to miss her story about a recent eviction she undertook on a California property tenant, nor how her life’s passion of living in a mansion with columns came to pass.

Following his mom’s segment, Jason welcomes credit repair expert, Steve Paige, to the telephone. Steve has logged almost three decades in the trenches in helping consumers understand the fact, fiction, and misconceptions that abound in the credit report score industry. Steve is, by far, the nation's leading credit pathologist. He founded three of the nation's largest credit repair firms and, in the process, revolutionized the approach to consumer credit issues by focusing on re-scoring techniques rather than credit report manipulation and repair, the results of which produce far greater benefits— for less money.

Website:

www.JasonHartman.com/Masters

www.YouTube.com/JasonHartmanRealEstate

Direct download: CW_1136_FBF_Steve_Paige.mp3
Category:general -- posted at: 5:00pm EST

Jason Hartman and Adam are back today to field some listener questions. They tackle hyperinflation, saving up for your first investment property, and why worker confidence is high but the real estate market is slowing.

After the questions have been answered, Jason finishes his story about surviving a bear attack.

Key Takeaways:

[4:17] Buying 10 financed rental properties can easily beat 1 paid off investment

[10:02] The Hartman Health Care Hack

[14:16] Listener Question from Josh: Inflation Induced Debt Destruction in places of hyperinflation like Venezuela currently

[20:21] Worker confidence in finding a new job is high, but home sales are lower than they've been in a decade, what's the cause for discrepancy?

[23:48] Listener Question from Zack: how much should he save before investing in his first rental property?

[26:05] Listener Question from Michael: Finish the bear attack story!

[32:01] Some of Jason's favorite quotes

Website:

www.JasonHartman.com/Ask

www.JasonHartman.com/Masters

Direct download: CW_1135_Adam.mp3
Category:general -- posted at: 5:00pm EST

Jason Hartman and in-house economist Thomas get together at the beginning of today's show to discuss the expected economic impact of numerous states and local municipalities increasing their minimum wage this year, as well as why retail numbers are not coming in well this year.

Then Jason talks with Tom Wheelwright, 2019 Meet the Masters speaker and Rich Dad Advisor, about how to help yourself in your legal tax avoidance using practices such as real estate professional, whether Opportunity Zones might be worth investing in, and why taxes tend to be higher when you retire.

Key Takeaways:

[3:07] The minimum wage will be increasing in a lot of places around the country in 2019. How much effect does it really have?

[7:39] Retail numbers for the start of 2019 are not good, what should we be attributing that to?

Tom Wheelwright Interview:

[13:14] The question you need to ask yourself if you can't qualify to be a real estate professional

[17:18] One of the most underutilized assets people have is other people's tax brackets

[19:06] Tom's views on Opportunity Zones

[23:14] The pass through tax deduction and how it applies to real estate investors

[27:18] Being a real estate professional can sometimes mean you can take early withdrawls from an IRA and actually completely negate the penalties

[30:25] You tend to lose a lot of deductions when you retire, so your planning leading in to retirement is crucial

[31:59] The 2 challenges with Roth IRAs when it comes to investing

Website:

www.JasonHartman.com/Masters

www.Wealthability.com

Direct download: CW_1134_Tom_Wheelwright.mp3
Category:general -- posted at: 5:00pm EST

Jason Hartman starts off today with a look at ways that the government is trying to control capital by questioning transactions like his recent purchase of his home. Now they're requiring certain purchases by LLCs and Corporations to list their owners in a registry, which could serious harm your anonymity when protecting your assets.

Then Jason finishes his interview with Dan Amerman, CFA and author of books such as Mortgage Securities and Collateralized Mortgage Obligations: Unlock The Secrets Of Mortgage Derivatives, about the correlation between Fed actions and yield curves, how to look at inflation and self-liquidating debt.

Key Takeaways:

[3:50] There's a lot of capital control going on today

[7:52] 1984 and Brave New World are coming truer and truer

[11:58] Musical entertainment for Meet the Masters is about to be booked

Dan Amerman, Part 2

[18:29] Certain Fed actions and yield curve inversions seem to have a correlation

[22:03] The 2 ways to look at inflation

[25:25] The self-liquidating debt

Website:

www.JasonHartman.com/Masters

www.DanielAmerman.com

Direct download: CW_1133_Dan_Amerman2.mp3
Category:general -- posted at: 5:56pm EST

Jason Hartman begins the show with his in-house economist Thomas discussing two differing population models: the UN population model and the Empty Planet model. Our world is currently entering a population phase previously unseen and it could have a serious impact on our world.

Then Jason begins his interview with Dan Amerman, CFA and author of books such as Mortgage Securities and Collateralized Mortgage Obligations: Unlock The Secrets Of Mortgage Derivatives, about how a heavy handed Fed has changed how inflation and housing have correlate to each other, why the Fed reacts to quickly, and what the Fed is setting interest rates up to do.

Key Takeaways:

[4:55] The UN Population model vs the Empty Planet model

[8:46] We're entering Stage 5 of the demographic transition theory, which is something nobody's really ever seen before

[13:22] Jason's most recent book suggestion

[15:33] What does this coming population shift mean to investors?

Dan Amerman Interview:

[20:44] The Federal Reserve is getting more heavy handed as years go by, and hints of a coming recession could lead to more intervention

[25:38] Housing tracked inflation better than gold until the Federal Reserve got real heavy handed after 2001

[30:27] The Fed reacts too quickly to things

[32:06] Dan's prediction of where interest rates are about to head

Website:

www.JasonHartman.com/Masters

www.DanielAmerman.com

Direct download: CW_1132_Dan_Amerman1.mp3
Category:general -- posted at: 5:00pm EST

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.

Website:

www.JasonHartman.com/Masters

www.BusinessInsider.com

Direct download: CW_1131_Logan_Mohtashami.mp3
Category:general -- posted at: 5:00pm EST

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.

Key Takeaways:

[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?

Website:

www.JasonHartman.com/Masters

How to Fall in Love: A Novel

Direct download: CW_1130_Richard_Marek.mp3
Category:general -- posted at: 5:06pm EST

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.

Key Takeaways:

[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

Website:

www.JasonHartman.com/Masters

www.JasonHartmanUniversity.com

www.RentRedi.com

Direct download: CW_1129_Ryan_Barone.mp3
Category:general -- posted at: 5:00pm EST

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.

Key Takeaways:

[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

Websites:

www.JasonHartman.com/Masters

David Collum at Cornell

Direct download: CW_1128_David_Collum.mp3
Category:general -- posted at: 5:00pm EST

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.

Key Takeaways:

[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?

Website:

www.JasonHartman.com/Masters

www.NeighborhoodScout.com

Direct download: CW_1127_Andrew_Schiller.mp3
Category:general -- posted at: 5:00pm EST

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.

Website:

www.JasonHartman.com/Masters

www.JasonHartman.com/Properties

Direct download: CW_1126_FBF_Phil.mp3
Category:general -- posted at: 5:00pm EST

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.

Key Takeaways:

[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

Thomas Interview:

[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

Website:

www.JasonHartman.com/Masters

www.JasonHartman.com/Properties

Direct download: CW_1125_Thomas.mp3
Category:general -- posted at: 5:00pm EST

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.

Key Takeaways:

[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?

Website:

www.JasonHartman.com/Properties

www.JasonHartman.com/Masters

Direct download: CW_1124_Baton_Rouge2.mp3
Category:general -- posted at: 5:00pm EST

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.

Key Takeaways:

[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

Website:

www.JasonHartman.com/Ask

www.JasonHartman.com/Masters

Jason Hartman's Alexa Flash Briefing Skill

The PropertyCast

Direct download: CW_1123_Adam.mp3
Category:general -- posted at: 5:00pm EST

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.

Key Takeaways:

[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

Website:

www.JasonHartman.com/Properties

Jason Hartman's Real Estate Investor Update - Alexa Skill

Direct download: CW_1122_Adam.mp3
Category:general -- posted at: 5:00pm EST

Today's Flash Back Friday comes from Episode 327, originally published in July 2013.

Jason Hartman is joined by Michael who asks Jason the questions that listeners are asking. Jason explains what he would do if he were a brand new investor, some basics on self-management, a few property profiles, and the myth of higher returns on higher investments. That $5 million dollar multifamily complex isn't likely to outperform your single family rental.

Website:

www.JasonHartman.com/Masters

www.JasonHartman.com/Properties

Direct download: CW_1121_FBF_Michael.mp3
Category:general -- posted at: 5:00pm EST

Jason Hartman starts off the show with an important announcement about Meet the Masters of Income Property coming up in March. There are two new speakers signed and because of the announcement early bird pricing has been continued until Wednesday, when prices will go up again.

Then, Jason goes off topic with Jeffrey Gitomer, New York Times Best Selling Author of The Little Red Book of Selling and Truthful Living: The First Writings of Napoleon Hill, about some of the great mentors that the two have had in their lives which include Napoleon Hill and Earl Nightingale. They look at what history can teach us, the right way to approach sales, and the challenges we have to face to do the right thing in today's world.

Key Takeaways:

[3:11] Meet the Masters Speaking Announcements: George Gilder & Tom Wheelwright

Jeffrey Gitomer Interview:

[12:30] The challenge to do the right thing in our society has never been at a higher level than it is today

[17:13] The 5 point rule

[22:34] The 7 Success Rules

[26:28] If you have the right service and attitude heart, sales will be easy

[32:41] If you want to learn something new, read a book that's 60 years old

Website:

www.JasonHartman.com/Masters

www.Gitomer.com

Direct download: CW_1120_Jeffrey_Gitomer.mp3
Category:general -- posted at: 5:00pm EST

Today's show is all about helping you grow your real estate portfolio as tax free as possible. When you are ready to sell one property and purchase other ones with the proceeds there's no need to pay capital gains taxes at that time when you have a vehicle like a 1031 exchange. Join Jason Hartman and Dino Champagne, Los Angeles Division Manager & VP at Asset Preservation Incorporated, as they discuss the strategies, the complexities and the savings that 1031s can provide.

Key Takeaways:

[5:17] How a 1031 Exchange works

[7:51] Try and avoid a reverse exchange as best you can, because they can get real tricky and lendors aren't fans of them

[9:48] The 45 and 180 day timeframe of a 1031 exchange

[12:37] The 3 different ways you identify properties in a 1031 exchange

[14:59] How much money can a 1031 exchange actually save you and your heirs? It's pretty astounding

[20:18] 1031 exchange accomodators aren't highly regulated, which has led to some scams over the years. What questions do you need to ask when you're searching for one?

[24:19] Changes the new tax law has made on 1031 exchanges

[26:50] Are Opportunity Zones overhyped?

[32:23] With Opportunity Zone investing being so new, vetting the sponsor of the deal is more important than ever

Website:

www.APIExchange.com

Direct download: CW_1119_Dino_Champagne.mp3
Category:general -- posted at: 5:00pm EST

Today's show features Jason Hartman and Adam answering listener questions about capital gains taxes, 1031 exchanges, and Jason's preferred method of diversifying across real estate markets. Should you buy one home per market or multiple homes in one before moving to the next?

Then Jason and Adam look at an article about Warren Buffett's investing principle and how we can use his outlook in our real estate investing.

Key Takeaways:

[3:45] Listener Question: Is there any way, other than a 1031 exchange, to sell real estate and not pay capital gains tax?

[9:02] Listener Question: How quickly should you diversify across multiple markets?

[16:33] Can the government negotiate the best rates anywhere?

[22:01] The one word that Buffett and Gate would offer you is...FOCUS

[24:04] The 3 things Jason invests in

[28:03] Warren Buffett's theory on value investing and working with people you trust is very much how you should invest in real estate

Website:

www.JasonHartman.com/Masters

www.JasonHartman.com/Properties

Direct download: CW_1118_Adam.mp3
Category:general -- posted at: 5:00pm EST

Jason Hartman starts today's episode discussing the recent World Economic Forum with economist Thomas Young. Specifically they look a bit at the "Happiness Index" that they were discussing at the forum and whether that should hold any muster for us.

Then Jason has a client case study with Eric Payne. Eric started investing in single family housing around 2010 and has steadily added to his collection. Today he has 18 units and is looking to substantially add more when he finishes the sale of his current business. Jason and Eric go over Eric's journey, why he chose to use real estate to achieve the financial freedom he desired and beauty of the 30 year fixed rate mortgage.

Key Takeaways:

[3:07] What happened at the World Economic Forum this year?

[7:00] How important is the Happiness Index?

[13:50] Are we starting to approach a new cold war?

Eric Payne Client Case Study:

[17:29] Eric's start in his real estate journey made him realize that flipping is overrated and renting is the way to go

[19:09] A foreclosure Jason remembers from the Great Recession that he wishes he'd bought

[22:01] People tend to sabotage themselves by trying to time the market

[30:23] Eric's parents $118 mortgage made him realize how amazing a 30 year fixed rate mortgage is

Website:

www.JasonHartman.com/Masters

www.JasonHartman.com/Properties

Direct download: CW_1117_Eric_Payne.mp3
Category:general -- posted at: 5:00pm EST

Today's Flash Back Friday comes from Episode 287, originally published in November 2012.

Jason Hartman is joined by Larry Muck, the Executive Director of the American Association of Private Lenders, to talk about the AAPL’s history, mission and vision.  Larry explains what private lenders are doing for people that the banks can’t do, and how the AAPL is trying to organize the efforts of private lending.

AAPL was formed to help raise the standards in the industry and develop a brand that could be used by private lenders to prove credibility and trust.  Larry also discusses the needs of investors and the various tools now available to support investors and lenders.

Larry shares his passion for fair dealing and excellence in lending as the Executive Director of the American Association of Private Lenders. He brings to this position the experiences gained through a 30 year career in banking.

During that span, he served in many leadership and lending capacities, including serving as Executive Vice President for a regional bank with a $220 million portfolio of commercial, consumer, construction, and mortgage loans.  Additionally he served as Community President for Gold Bank in Saint Joseph, Missouri and transitioned to Regional EVP with Marshall and Ilsely Bank in Kansas City. His well rounded background includes experience in Loan Review and serving for two years as the Corporate Training Director for a $15B regional bank holding company.

Throughout his career, Larry has had a passion for community service, serving in various leadership capacities with organizations such as United Way, the Allied Arts Council, St. Joseph Preservation, Inc. and many others.  His interests lie in all outdoor sporting activities, basketball, and cooking.

Website:

www.AAPLOnline.com

Direct download: CW_1116_FBF_Larry_Muck.mp3
Category:general -- posted at: 5:10pm EST

Jason Hartman starts today's show with a tribute to Jack Bogle, who truly changed the world of investing and was a figure that Jason could model his beliefs about fighting for the little man after. He also discusses some important lessons we can learn about questioning advice we hear to ensure it's best for our purposes, not just the benefit of the person making the pitch.

Then Jason talks with Harry Dent, author of Zero Hour, about Harry's optimism about our economy, the impact the high end real estate softening is going to have on all of the housing sector, why demographics are NOT looking good for China and other Asian countries, and more.

Key Takeaways:

[4:54] Farewell to Jack Bogle, you need to read his books if you haven't yet

[7:59] Be wary when listening to people telling you about ways they can "help" you while investing and make sure you figure out if it's really worth doing

Harry Dent Interview:

[12:49] Why is Harry more optimistic about our future than usual?

[17:23] People in San Francisco hate big tech companies like Google because they're driving up costs beyond reason

[19:48] The high end housing market is already softening, but how far down will the slowdown trickle?

[25:20] China's demographics have them looking straight into a disaster

[29:59] The hottest coming sector for the next 10-15 years in the US

[32:50] There are 2 waves of Millennials and the 2nd hasn't entered the workforce yet

Websites:

www.JasonHartman.com/Masters

www.HarryDent.com

Direct download: CW_1115_Harry_Dent.mp3
Category:general -- posted at: 5:00pm EST

Jason Hartman starts off the show with Adam discussing the potential of a Balanced Budget Amendment, as well as what a mortgage relief program in Denver is telling us about protecting yourself in a crisis. They also discuss how inflation is creeping in to our life.

Then Jason has a client case study with Curtis discussing Curtis' real estate investing journey so far, accumulating 13 properties in the past 3 years. Curtis gives a story about how he dealt with a massive insurance claim and how real estate investing is helping in his long term plans.

Key Takeaways:

[4:20] The dangers of a balanced budget

[8:54] The best insurance is a high loan balance

[11:59] Inconspicuous inflation

Curtis Hrischuk Client Case Study:

[17:32] How bagels got Curtis and his wife into real estate

[23:15] Curtis' experience has been incredibly positive so far

[26:25] Curtis' local insurance was a life saver for them when property damage occurred

[30:34] What are Curtis' plans with his cash flow?

[34:47] Curtis had to be "deprogrammed" in order to real estate invest

Website:

www.JasonHartman.com/Masters

www.JasonHartman.com/Properties

Direct download: CW_1114_Curtis.mp3
Category:general -- posted at: 5:00pm EST

Today's Flash Back Friday comes from Episode 315, originally published in May 2013.

Doug Wead has served along side some of the greats in modern American politics. Doug has been close with and written books about several "First Families." Doug's work has been praised by everyone from Ladybird Johnson (wife of LBJ) to former Congressman and Presidential Candidate Ron Paul, whom he served as a senior adviser in the 2012 Republican Presidential Primary.

Doug was an adviser for both Ronald Reagan and George H.W. Bush. Wead also worked with George W. Bush for years leading up to his Presidency. Wead has authored more than thirty books, which are known for their primary sources. He has interviewed six presidents and first ladies, nineteen of the presidents children and twelve presidential siblings.

During the 2008 Presidential Debates, then Congressman, Dr. Ron Paul impressed Doug Wead with his non-interventionist foreign policy platform and caused him to deviate from the "old right wing" which he had served and written about dutifully for decades. As a senior adviser to Dr. Paul during the 2012 campaign for President, he was regularly featured on CNN, MSNBC and Fox News where he defended Paul's foreign policy and monetary policy, among others.

Since the end of the 2012 election cycle, Doug Wead and Ronnie Paul Jr., eldest son of Dr. Paul, have teamed up to form The Liberty Networking Project. They are dedicated to providing those in the self-dubbed "Liberty Movement" with an opportunity to profit from the unprecedented level of net-based enthusiasm and connectedness generated during the 2008 and 2012 grassroots Presidential campaigns of Congressman Paul.

Website:

www.DougWead.com

www.LibertyNetworkers.com

Direct download: CW_1113_FBF_Doug_Wead.mp3.mp3
Category:general -- posted at: 5:00pm EST

Jason Hartman starts off the show discussing the changing economy and how economic prosperity isn't usually good for human character. Too many people start taking advantage of being able to make the easy sell and stop playing the long game, only focusing on the short game. He also explores the impact golf courses are having to property values as many are shut down across the country due to lack of interest.

Then Jason talks with Parag Khanna, author of The Future is Asian and founder of FutureMap, about what's really going on in regards to the trade war and its impact on Asia (which doesn't just mean China). The two discuss the role of technology in killing jobs around the world and Asia's impact on global consumption growth.

Key Takeaways:

[2:36] Times of economic prosperity are not good for human character

[4:48] Golf courses are shutting down, which is causing massive property value drops and need to figure out what to do with the land

[7:53] Buildings are going up in China in around 90 days

Parag Khanna Interview:

[11:21] What is Connectography?

[16:13] The premise of The Future Is Asian

[19:23] Parag can tell you who's going to win a trade war with China

[21:17] Technology is killing jobs a lot faster than trade is

[25:48] Most of the consumption growth is coming from Asia

[29:38] International competition is getting bigger and bigger, making any missteps even costlier

[35:38] Companies are shifting entire operations overseas to take advantage of those markets, but that's not necessarily a bad thing for America

Website:

www.JasonHartman.com/Masters

www.ParagKhanna.com

Direct download: CW_1112_Parag_Khanna.mp3.mp3
Category:general -- posted at: 5:00pm EST

Jason Hartman talks with Matt Taibbi, contributing editor at Rolling Stone and author of books such as Griftopia and The Divide, about bubbles. The two explore how Fed policy has been leading to bubbles throughout the years, how Wall Street is designed to take advantage of the average citizen and what we can learn from the history of bubbles.

Key Takeaways:

[6:15] Will we learn how little we actually need the government by the time this shutdown is over?

[7:40] The government doesn't need to be in all these industries

Matt Taibbi Interview:

[12:51] There's a pretty decent path from Fed policy to bubbles

[17:21] How the Great Recession came into being

[21:57] Institutions have learned how to create a bubble to profit from, but then also be prepared to make money when their own bubble bursts

[26:04] As long as trades are occuring Wall Street is making money

[27:54] How investment bankers are auctioning off America's infrastructure

[32:34] What is the investor's lesson from the bubble machine?

Website:

www.JasonHartman.com/Masters

www.Taibbi.SubStack.com

www.RollingStone.com

Direct download: CW_1111_Matt_Taibbi.mp3
Category:general -- posted at: 5:00pm EST

Today's Flash Back Friday comes from Episode 190, originally published in November 2010.

Jason Hartman talks with Guinness World Record Holder, David Farrow on this “every tenth show” where we’ll explore how to improve memory and concentration. If you’re like most people, you’re constantly forgetting things. People’s names. Where you put the keys. Even things you read just moments before. Your mind is like a cluttered attic with information tossed everywhere and little hope of finding anything quickly.

You can create a mental filing system that not only categorizes and organizes information, but also lets you retrieve it instantly, whenever you need it! Who am I? I’m the world’s foremost expert on memory and a two-time Guinness World Record holder. His program is designed to teach people like you to do what he can do – remember the names of people I met only once, always know where I put important objects like my keys, recite whole passages from books, word for word, and so much more. Using his techniques, hundreds of people like you are learning new languages, memorizing important scriptures and quotes, and even improving their vocabularies. With techniques that are easy and effective, you can double your reading speed and more.

Never lose your car keys or other valuables again
Get people’s names right every time, and avoid embarrassment
Quote scripture, famous people or even song lyrics perfectly
Pick up new languages in mere weeks
Ace exams by retaining everything you study
Deliver flawless speeches and presentations from memory
Impress people with your mental Rolodex of phone numbers

Using my breakthrough visualization techniques, I’ve trained thousands of corporate executives to excel in business, helped military officers and government agents remember critical pieces of information and even taught Academy Award-winning actors how to avoid blowing their lines!

Dave Farrow is the world’s foremost memory expert and a two time Guinness World Record Holder. He invented the MILLIONAIRE MEMORY program to teach people like you to do what he can do: remember names and important numbers, learn new languages, memorize scriptures, quotes and speeches, and more. Dave points to himself as proof that incredible mental improvements are possible.

As a child, Dave was diagnosed with two learning disabilities: ADHD and dyslexia. He struggled in school and had trouble keeping up in class. Out of frustration, he began an intense search for a way to overcome these challenges and, as a result, discovered the breakthrough techniques that helped him become the Guinness World Record holder for memorization. To earn that title, Dave memorized the order of 59 decks of cards. That’s 3,068 cards! Dave admits, “Your memory might never be quite that good, but I personally guarantee you’ll see dramatic memory improvements using my simple techniques.”

Website:

www.DaveFarrow.com

Direct download: CW_1110_FBF_Dave_Farrow.mp3
Category:general -- posted at: 5:00pm EST

Jason Hartman and Adam start the episode discussing Modern Monetary Theory and if it's applicable to our economy today. They also discuss Jeff Bezos' impending divorce and answer from Souji about transferring conventional loans into a trust.

Then Jason finishes his talk with Mike Zlotnik about investing in "Opportunity Zones". The two implore the listener to vet your sponsor before investing, not invest just for tax purposes and aligning your interest.

Key Takeaways:

[5:23] Adam's been learning about Modern Monetary Theory lately, so what is MMT?

[9:05] MMT's explanation for why more money doesn't cause inflation

[12:25] The impact of the Jeff Bezos divorce

[17:49] Listener question about conventional loans and trusts

Mike Zlotnik Interview:

[22:50] Don't make the deal just for tax benefits. The deal needs to make sense BEFORE the tax benefit

[27:20] Your fund manager needs to have some skin in the game

[32:13] It's important to understand what a quality sponsor is

[34:16] The 2 major layers to pooled money investments

[36:49] Alignment of interest

Website:

www.JasonHartman.com/Masters

www.BigMikeFund.com

Direct download: CW_1109_Mike_Zlotnik2.mp3
Category:general -- posted at: 4:30pm EST

Jason Hartman opens the episode with Adam talking about the upcoming Meet the Masters event. The event is coming up in March and the two reflect on last years and lessons learned. Adam discusses what he learned about property management that he's implemented in the last year.

Then Jason talks with Venture Alliance member Mike Zlotnik about the new trend in real estate investing, which is "Opportunity Zones". The two discuss what they are, when they can be a good idea, how the funds work and some potential tax implications.

Key Takeaways:

[2:16] Opportunity zones are the new hot topic, so make sure you watch out when investing in them

[6:49] Lessons from Adam's first Meet the Masters

[10:11] Some things Adam got in regards to his relationship with his property manager from the discussions at last years Meet the Masters

[13:27] You have to push back at things in life and hold people accountable

[16:46] Listener question from Christina about her land purchase

Mike Zlotnik Interview:

[24:37] Mike's thoughts on deals in opportunity zones

[27:44] How funds work when investing in Opportunity Zones

[31:55] How are fund managers being successful getting people to invest

[35:29] Some potential tax implications

Websites:

www.JasonHartman.com/Masters

www.BigMikeFund.com

Direct download: CW_1108_Mike_Zlotnik1.mp3
Category:general -- posted at: 5:20pm EST

Jason Hartman talks with in house economist Thomas about a lot of things that happened to the housing market and the economy in general during 2018. They also look at some trends that will continue into 2019 and some new trends that could be rising in the new year.

To round out the show, Adam has this month's Mortgage Update, discussing the Fed's recent decision to raise rates, what rates investors can get for their loans today, and what the Fed's strategy might be moving forward.

Key Takeaways:

[3:14] Has the rise of Airbnb impacted the high end rental market?

[6:07] Thomas' assessment of 2018

[10:16] $5 trillion of wealth has evaporated but Thomas doesn't think it's enough to trigger a recession

[13:44] The 3 presidents who presided over the most rate hikes

[15:40] One sentence to remember about 2018.

[18:04] What should we expect from the Fed in 2019?

[22:50] The credit spread between junk bonds and investment grade bonds are still in a healthy area

[24:45] January Mortgage Update with Adam

[29:30] Activity in MBS suggests mortgage rates may improve

[32:15] The Fed has rapidly raised rates so that they can taper rates if they slow the economy down too much

Website:

www.JasonHartman.com/Properties

Jason Hartman's Alexa Flash Briefing

The PropertyCast

Direct download: CW_1107_Thomas.mp3
Category:general -- posted at: 5:00pm EST

Today's Flash Back Friday comes from Episode 836, originally published in May 2017.

Jason welcomes fellow investor and client Gary Pinkerton back to the show. Gary describes his experiences with tenant turnover, how he reduces costs by using durable replacement materials and some preventative measures he uses to ensure tenants are satisfied in his properties. Gary and Jason also discuss the benefits of two-year leases with built-in rent increases and how immersing yourself in the investor culture (by attending Venture Alliance and JHU’s) can make you the best investor you can be.

Key Takeaways:

[05:08] Free market economics makes America is the land of abundance.

[09:30] How to reduce "tenant turn" without spending a lot of money with Gary Pinkerton.

[15:32] Two-year leases with built in rent increases.

[17:27] Management companies commonly keep late fees much like a payday loan business.

[23:09] How to minimize the cost of tenant turnover and make your property durable.

[30:11] A service like Home Advisor is an inexpensive way to self-manage.

[37:45] Gary will attend the Venture Alliance in Mastermind in Chicago and JHU and Property tour in Oklahoma.

Mentioned in This Episode:

Renter’s Warehouse - Get 3 free months of property management with this link.

Jason Hartman

Women Investing Network (WIN)

Home Advisor

Real Estate Tools

Property Tracker

Venture Alliance Mastermind

Direct download: CW_1106_FBF_Gary_Pinkerton.mp3
Category:general -- posted at: 5:00pm EST

Jason Hartman starts today's show talking about the all important need for everyone to adjust for inflation. You can't just take old numbers and use them in today's world, you won't find the right lesson from them. Later he inspects a recent CNBC story about the New York housing market (and high end real estate in general).

Then, Jason talks with Keith McIntosh, President of McIntosh & Associates, LLC, about protesting your property taxes for your rental properties across the country. Keith explains the different ways you can protest your taxes, why the government big data doesn't get it right all the time, and more.

Key Takeaways:

[3:32] Always be adjusting for inflation

[9:49] CNBC story on the New York city real estate pullback and whether it's a general or specific pullback.

[13:13] Rent control stagnates the market, just like articially low interest rates stagnate people's movement

[18:01] The building of new affordable homes just isn't happening

Keith McIntosh Interview:

[23:34] The property tax process & the 3 typical opportunities to dispute

[30:00] How does the process with Keith's company work?

[32:24] Why is Keith's "big data" different/better than the tax assessors?

[37:07] Is there a non-automated product available?

[39:24] How much people are usually able to save when protesting their taxes using Keith's data

[41:36] Protesting your taxes gives you a cumulative effect over the years

Website:

www.JasonHartman.com/Masters

www.HomeTaxSavings.com

Direct download: CW_1105_Keith_McIntosh.mp3
Category:general -- posted at: 6:19pm EST

Jason Hartman takes the final episode of 2018 to discuss the current market softening and what's happening in the high end housing sector. He also explains why sometimes things like a government shutdown can provide opportunities for businesses.

But the second half of the show is a challenge for you as you're setting your New Years Resolutions. Jason challenges you to sometimes do things that make your life harder, to set goals (like most of America doesn't), to write the goals down and share them with those close to you. This will help you achieve your goals and get you closer to financial independence.

Key Takeaways:

[4:03] Either the high end or the low end housing market starts faltering first during each cycle, and this time it is definitely the high end

[6:40] Everything tries to get bigger, so when the government is in session there are always new laws being put in place. So maybe the shutdown isn't the worst thing to happen

[11:03] The Peter Principle: we all reach our level of incompetence

[16:45] How Jason's mom's time as a social worker formed her political views

[19:52] Do things to make your life harder, intentionally, to challenge yourself...OCCASSIONALLY

[26:01] 80% of Americans have no goals at all

[29:06] You need to involve others in your goals

Websites:

www.JasonHartman.com/Masters

www.VentureAllianceMastermind.com

Direct download: CW_1104_New_Years.mp3
Category:general -- posted at: 5:00pm EST

Today's Flash Back Friday comes from Episode 831, originally published in May 2017.

Jason records this episode from Europe where he is thoroughly appreciating Capitalism. He reminds us, to get rich, we must take consistent, prudent risks. Understanding proformas and having the ability to analyze real estate deals will pay off in long-term cash flow. And, using leverage allows you to do more with less. During the Four Pillars of ROI clip, we learn about the sometimes underappreciated tax benefits of income property investments and hear a new investor recommend investing with Jason’s company.

 

Key Takeaways:

[03:03] The hidden pillar of ROI is inflation-induced debt destruction.

[04:34] Jason doesn't understand why millennials beg for Socialism/Communism.  

[11:26] The Venture Alliance Mastermind in Chicago is coming up in June.

[13:52] The college experience is much like the European experience.

[17:02] The way to get rich is taking prudent risks.

[24:18] Look forward to the future, appreciate the past but live in the future.

The Four Pillars of ROI Live Clip:

[28:37] How to Analyze a Real Estate Investment - free video.

[31:33] Appreciation amplified with leverage.

[34:42] Victor shares his thoughts about pulling the trigger and building his income property portfolio.

[42:17] Recognized tax benefits of income property investing.

Mentioned in This Episode:

Renter’s Warehouse - Get 3 free months of property management with this link.

Jason Hartman

Real Estate Tools

Property Tracker

Venture Alliance Mastermind

Direct download: CW_1103_FBF_4_Pillars.mp3
Category:general -- posted at: 5:00pm EST

Jason Hartman takes today's post-Christmas episode to go over some of the news from one of the most news-filled holiday seasons he can remember. There's a clash going on right now between the government (mostly Trump) and the Fed, but is it really such a good idea to let a non-governmental organization have so much control over our money? Jason also looks at how the changing demand for debt is impacting real estate investors, as well as how getting rid of your outdated technology (like keys) can improve your self-management.

Also, buy your tickets today for the upcoming Meet the Masters event in Southern California!

Key Takeaways:

[3:14] This is the most economically newsworthy filled Christmas Jason can remember

[7:06] You may not think it's a good idea to have the government interferring with the Fed, but do you really want our currency run by an independent, unaudited thing like the Fed?

[12:27] What does the change in demand for debt mean to us as real estate investors?

[16:55] Has there been collusion in EU bonds?

[22:37] Why you should be using smart home technology

Website:

www.JasonHartman.com/Masters

www.JasonHartman.com/Properties

Direct download: CW_1102_Jason.mp3
Category:general -- posted at: 5:00pm EST

Jason Hartman talks with investment counselor Doug about the holiday season and what Warren Buffett can teach us with his investing strategy. A good deal is a relative term, and you have to look at the deal both today and in the future in order to see if it's truly a good one. The beauty with real estate is that, unlike investing in companies, is that it's a simple asset class that doesn't involve constant market corrections and adjustments.

The two also discuss the idea of a portfolio analysis and makeover, as well as how a market downturn might impact the new influx of institutional investors.

Key Takeaways:

[8:04] Most good deals are in the rear view mirror

[11:37] A clip on Warren Buffett's investing strategy

[13:46] Don't sit around waiting for the deal to come to you. Find a quality product with demand (at a price tha tmakes sense) and buy it

[18:51] Unless companies, there's no need to re-invent your house every few years. It's a simple asset class.

[20:18] Why you want to understand things like interest rates and money supply

[23:27] Why you need to do a portfolio makeover

[27:17] The next market downturn will show us how institutional investors will react

Website:

www.JasonHartman.com/Masters

www.JasonHartman.com/Properties

Direct download: CW_1101_Doug.mp3
Category:general -- posted at: 5:00pm EST

Today's Flash Back Friday comes from Episode 690, originally published in June 2016.

Jennifer Kahnweiler, Ph. D. is considered to be the Champion of Introverts. She is a Certified Public Speaker and a best-selling author. She has written three great books, The Introverted Leader: Building on Your Quiet Strength, Quiet Influence: The Introvert’s Guide to Making a Difference and her latest The Genius of Opposites: How Introverts and Extroverts Achieve Extraordinary Results Together. During this interview, she alludes to the true differences between introverts and extroverts, what make introverts so special and how introverts can enhance your organization.

Key Takeaways:

[2:05] A look at the Driverless Cars to Fuel Suburban Sprawl article.   

[8:04] A video resource to help you analyze an investment property and understanding a performa using cap rates as a metric.

[12:46] Which is a better investment one with Tenant Improvements or a Full Service Gross lease?

[16:05] Kevin Kelly Audio short: The Emergence of Singularity.

Jennifer Kahnweiler Guest Interview:

[20:15] How is Shyness different from Introversion?

[22:55] How does someone know if they are an introvert or extrovert?

[25:03] There is a lot of prejudice which exist against introverts.

[29:26] All of us need to flex, Introverts and Extroverts alike.

[31:20] How can introverted leaders and managers increase their influence in their roles?

[36:07] Does a person’s gender come into play when someone is trying to carve out their path?

[38:44] All must respect each other’s talents to make a partnership truly thrive.

[41:05] Discussing the 5 themes of successful partnerships. 

Mentioned in This Episode:

Venture Alliance Mastermind

Jason Hartman

Hartman Education

Jennifer Kahnweiler

@jennkahnweiler on Twitter

Direct download: CW_1100_FBF_Jennifer_Kahnweiler.mp3
Category:general -- posted at: 5:00pm EST

Jason Hartman starts today's episode talking about some important changes happening at HUD that Jason believes will make a positive impact, as well as differences in rent between Millennials and Generation Z.

Then Jason finishes his interview with The Real Estate Guys, as the two discuss the impact rising interest rates and energy prices will have on the blue collar workers you're renting to, as well as the socialization of the mortgage industry and why the government is poisoning industries.

Key Takeaways:

[1:55] Ben Carson is doing some good things at HUD

[5:39] Some new changes to Jason's thinking if you live in a state with good homestead protection

[10:58] Generation Z is expected to outspend Millennials on rent

Real Estate Guys, Part 2

[17:10] What happens with interest rates and energy is going to be driving things in the short term, because it hits middle income Americans the hardest

[21:12] Technology can disrupt many different sectors, but the need to sleep under a roof isn't one of them

[23:18] The socialization of the mortgage industry

[26:37] When you introduce a non-profit (government) option into a for profit market you poison the well

[31:02] Think on a big level, but act locally

[31:30] Rock Island, IL Property Profile

Websites:

www.RealEstateGuysRadio.com

www.JasonHartman.com/Properties

Rock Island Property

Direct download: CW_1099_RE_Guys2.mp3
Category:general -- posted at: 6:00pm EST

Today's show is all about the changing real estate investing scene. Be wary of anyone who's telling you that things like completely passive income exists and that you can make money today just like you could in the past. Things are changing quickly.

Jason Hartman talks with the Real Estate Guys, Roger Helms and Russell Gray, about just that, as the 3 discuss the emergence of the institutional investor in the single-family home market and what that means moving forward. They also look into what's causing the current housing shortage, as well as the impact short-term rentals are having on the high end market and how the new tax code is impacting housing.

We wrap up the episode with a property profile with Adam of a home available in Cleveland, OH.

Key Takeaways:

[3:27] Get yourself invited to Indian weddings. Jason talks about his experience at client and booker Naresh's wedding #Narvani2018 and the great talk about real estate and the economy with other wedding guests.

[5:26] Be careful investing right now, times are changing

[7:34] The influx of institutional investors has brought some good new tools to all income property investors

Real Estate Guys Interview:

[10:01] The Real Estate Guys thoughts on institutional investors in the single family housing market

[13:32] A lot of the institutional money isn't being put into the greatest of deals

[16:00] Institutional investors take the cash flow, but are more focused on appreciation

[18:21] We have an impending housing shortage, which is causing the trend toward build-to-rent

[22:21] The tax code is written in a way to drive behavior

[27:33] Property Profile by Adam

Website:

www.JasonHartman.com/Masters

www.RealEstateGuysRadio.com

www.JasonHartman.com/Properties

Cleveland, OH Property

Direct download: CW_1098_REGuys1.mp3
Category:general -- posted at: 5:05pm EST

Today's Flash Back Friday comes from Episode 824, originally published in May 2017.

This episode demonstrates the versatility of the most historically proven asset class income property. Jason breaks down its multiple dimensions and the various factors which can be used to prove that income property is the best investment you can make. During the client case study segment, Ani Wee tells her story of monetary and portfolio growth from her income property investments. She uses the Hartman Network to find opportunities, to gather information and to engage with like-minded people.

Key Takeaways:

[03:30] Money matters!

[08:06] Why you should immerse yourself in the most historically proven asset class.

Client Case Study Ani Wee:

[21:29] During the market crash Ani was looking for options when she came upon the Creating Wealth Show.

[23:29] She started investing in real estate after reading Rich Dad Poor Dad but she didn't know what she was doing.

[25:36] Ani receives yellow postcards on the first property she bought from the Hartman network.

[30:41] Ani's duplex in Florida appreciated from $79K to over $150K and her RTV ratio increased.

[36:35] Comparison, income and replacement cost are the three basic approaches to appraisals.

[38:34] Don't be afraid to push back on property management issues.

[41:18] Ani will be doing a 1031 exchange on her properties in hybrid and cyclical markets.

[44:36] Don't wait to buy real estate and outsource your debt to your tenants.

Mentioned in This Episode:

Jason Hartman - Watch the Free Video on How to Understand a Pro Forma

Venture Alliance Mastermind

Direct download: CW_1097_FBF_Ani_Wee.mp3
Category:general -- posted at: 5:00pm EST

Jason Hartman talks with Ryan Moran, founder of www.Capitalism.com, about assets. The two decipher the difference between paper and real assets, and why you should really just be using one to get more of the other, as well as looking at some indicators that are potentially pointing at a correction being on the horizon.

Ryan and Jason also go in to a discussion on whether student loan debt should be forgiven, why Ryan thinks it's a terrible idea, the importance of having economic indicators you can trust, and more.

Key Takeaways:

[5:03] What you're really trying to do is take your paper assets and get real assets that create cash flow

[9:28] Is there a big, quick, correction in paper value coming?

[14:11] Is student loan debt forgiveness a good or bad idea?

[16:24] When you get rid of economic pain you get rid of economic indicators

[18:36] It's ALWAYS a good idea to buy good assets at good prices

[20:18] December Mortgage Update

[26:30] Property Profile: Davenport, IA

Website:

www.Capitalism.com

www.JasonHartman.com/Masters

Property Profile: Davenport, IA

Direct download: CW_1096_Ryan_Moran.mp3
Category:general -- posted at: 5:00pm EST

Jason Hartman takes today's episode talking with new investment counselor Doug about several economic signs that have been potentially helpful for real estate investors. The first area of focus is surburban real estate. Rent increases in the suburbs have been climbing faster than in urban areas and the RV ratios out there are nearly always better. Then the topics drift to more economic data coming out that includes an inverted yield curve, negative equity and a decline in quarterly sales for Toll Brothers.

Finally the Property Profile is from Kansas City, MO.

Key Takeaways:

[4:23] Rents have been rising significantly in the suburbs

[9:09] RV ratios are almost universally better in the suburbs

[13:56] Have it clear in your head what "winning the race" means

[16:07] Buyers are spending more time looking for their home

[17:53] Toll Brothers announced their first decline in quarterly sales in over 4 years

[20:12] Negative equity can cause price spiraling, which thankfully we aren't seeing

[26:11] What is the inverted yield curve telling us?

[27:56] Kansas City Property Profile

Website:

www.JasonHartman.com/Properties

CW 1095 Property Profile

Direct download: CW_1095_Doug.mp3
Category:general -- posted at: 8:12pm EST

Today's Flash Back Friday comes from Episode 815, originally published in April 2017.

It’s a wonderful time to be alive, especially if you are an income property investor. New technologies allow investors to self-manage properties all over the U.S. no matter where in the world they are located. Jason speaks with Merrick Lackner the Co-founder of Rently and Rently Keyless. Merrick describes the mechanics behind turning your rental properties into smart homes to give you more control over showings, energy consumption costs and the general well-being of your properties as well as the cost of installation and maintenance.

Key Takeaways:

[03:07] Changes in property management and increased returns from investments.

[04:34] Do you know which billionaire lives in a trailer park?

Merrick Lackner Guest Interview:

[09:21] Merrick saw the need to improve on the showing of rental properties.

[12:57] Merrick describes the different options Rently offers.

[20:48] How the Rently process is coordinated for the renter and the landlord.

[25:30] The smart matching program includes a background check.

[26:58] Rently Keyless Entry gives real estate investors more control over their properties.

[30:10] How much does Rently Keyless cost to install and maintain?

[33:02] Rently offers different access for renters and owners to reduce liabilities and provide privacy.

Mentioned in This Episode:

Jason Hartman

Jason Hartman University

Zappos

Real Estate Tools

Rently

Rently Keyless

Direct download: CW_1094_FBF_Merrick_Lackner.mp3
Category:general -- posted at: 3:21pm EST

Jason Hartman reports from the 2018 IMN conference with guest Robert Nickell, as the two discuss the latest in real estate investing. Specifically they look at the impact of institutional investors and "iBuyers" on the market today and how the massive influx of cash has created more stupid money than usual.

The rate of iBuyers continues to grow as more and more capital is raised, and all of that money is driving up home prices to the point where the "built to rent" phenomenon is making more and more sense.

Key Takeaways:

[3:10] Fragmentation has kept the big institutional investors out of single family real estate investing, but the direction currently is leading them in to the market

[6:51] The impact of internet real estate companies

[12:10] Many of these iBuyer platforms and institutional investors are raising tons of money, but aren't actually making any

[17:02] The deal rarely looks great when you buy it, it looks great in the future

[17:30] The rate that iBuyers are purchasing is driving up prices

[20:20] Some investors get rid of their bad properties by simply selling them to iBuyers

[22:15] The build to rent phenomenon

[24:46] Property Profile

Website:

www.RocketStation.com

www.JasonHartman.com/Properties

The PropertyCast

Direct download: CW_1093_IMN.mp3
Category:general -- posted at: 1:28pm EST

Jason Hartman opens the show discussing the need for real estate investors to be flexible with their investment strategies. As conditions change, so too must your approach. What worked 2 years ago might not work today, so invest differently today.

Then Jason talks with Mitch Stephen, author of My Life and 1,000 Houses, on Mitch's start in real estate, the importance of not having 100% occupancy, how to determine if your market is overbuilt, doing due diligence, and more.

Key Takeaways:

[3:02] As real estate investors we have to be flexible and adapt to our changing environment

[8:23] We need to keep our mind clean, our mindset clean, so avoid contaminating people

[10:59] Slowing sales doesn't necessarily mean a downturn in the market, it could simply be a lack of inventory

Mitch Stephen Interview:

[16:27] Is self-storage overbuilt? How Mitch tries to minimize his competition

[21:54] Self-storage facilities can go up really quick, is it better to buy an existing or build a new one?

[26:35] Jason's revelation about commercial vs self-storage real estate back in 2010

[30:09] Why you never want to be full in any sector of real estate investing & what you should do if facilities in the area are full

[33:38] Some of the due diligence Mitch does when looking for a facility to buy

Website:

www.REInvestorSummit.com

http://1000Houses.com

My Life and 1,000 Houses: Failing Forward to Financial Freedom

Direct download: CW_1092_Mitch_Stephen.mp3
Category:general -- posted at: 3:20pm EST

Today's Flash Back Friday comes from Episode 809, originally published in March 2017.

During this case study, client Vernon Grant offers up a classic example of a situation you or your parents may be in right now. Vernon asks Jason for investment guidance on the two properties his parents own that are in vastly different markets. It’s all about the numbers, as Jason breaks down each property by its rent-to-value-ratio (RTV) and the existing debt structures of each. Jason reminds investors to consider depreciation offsets, refi-til-ya-die options and the beauty of renting.

Key Takeaways:

[2:15] If your property doesn’t have good RTV ratios consider selling or refinancing.

[10:43] Vernon has been around property investing his entire life.

[12:00] Vernon needs Jason’s advice about how to handle his parent’s properties.  

[14:23] It doesn’t matter where your property is, RTV ratios are almost always the same.

[17:51] The New York market is a cyclical market and may be on the verge of being overvalued.

[25:12] Jason offers the Refi-til-ya-die as an alternative to selling.

[28:35] Why do we trust the advice of strangers more than we trust the advice of our friends and family?

[32:33] It’s important to examine the existing debt structure of the properties.

[34:09] A 1031 exchange may help offset depreciation taxes.

[36:37] How does an investor know when it’s time to 1031 exchange or to refinance?

Mentioned in This Episode:

Jason Hartman

Jhart88 on Voxer

Real Estate Tools

Direct download: CW_1091_FBF_Vernon_Grant.mp3
Category:general -- posted at: 9:32am EST

Jason Hartman starts this 10th episode discussing the changing rules for investors, and how to make sure you're playing by the new ones that will actually make you wealthy. Old rules no longer apply because the world has changed completely in the last few decades.

Then Jason talks with Joel Comm, author of the new book The Fun Formula and host of the Bad Crypto Podcast, about his new book The Fun Formula and how subtle changes in our thinking and routine can enable us to design the life we truly desire: one of significance and joy.

They also discuss why he's bullish on cryptocurrencies and blockchain, the changes blockchain will bring to our society, ICOs and more.

Key Takeaways:

[3:50] Are humans smarter than monkeys?

[5:03] Worst case your real estate portfolio is a forced savings program

[10:09] The old rules worked because there were scarce goods and a scarce world. That doesn't exist any more

Joel Comm Interview:

[18:19] The origin of The Fun Formula

[22:30] You have to leave an opening in your life for the world to fill in some gaps

[26:20] Joel is bullish on both blockchain and cryptocurrencies

[27:35] Blockchain is going to be more disruptive than the smartphone

[31:30] Big money is coming in to cryptocurrencies, what are they doing right now?

[35:17] The current state of the ICO market

Website:

www.FunFormulaBook.com

The Bad Crypto Podcast

Direct download: CW_1090_Joel_Comm.mp3
Category:general -- posted at: 4:54pm EST

Jason Hartman takes today's episode to discuss some of the big issues in the real estate world. One of the biggest is the rising cost of labor that is causing rising construction costs that is causing a squeezing in the multi-family development. In regards to multi-family, however, we're also seeing an increase in apartment inventory, which is starting to reach scary levels.

Jason also goes over some important economic news and ends with Og Mandino's Mission Success.

Key Takeaways:

[3:38] No service and no people is a common theme in service businesses these days

[7:58] Increased labor costs are squeezing the multi-family development pipeline

[12:31] The apartment inventory is starting to get scary, with supply getting excessive

[21:19] Uncertainty over Brexit has caused people to seek safe haven in bonds

[25:52] Og Mandino's Mission Success

Website:

www.JasonHartman.com/Properties

Jason Hartman's Alexa Flash Briefing

The PropertyCast

Direct download: CW_1089_Jason.mp3
Category:general -- posted at: 5:01pm EST

Today's Flash Back Friday comes from Episode 774, originally published in January 2017.

The 19th annual Meet the Masters of Income Property is just three short weeks away. This revamped event will feature breakout sessions, top shelf speakers and in-depth discussions about what the rising inflation rates will mean for real estate investors. Jason’s guest is John Simpson. Mr. Simpson invested in the trailblazing Rent Reporters before it’s official launch because he believed in the business model. He now runs the company as CEO and is the corporate cheerleader to this fairly new, progressive company. Mr. Simpson shares the benefits of his service to both renters and landlords, how to participate in the process and testimonials about the benefit to those this service has affected positively.

Key Takeaways:

[2:01] Rising interest rates is just one of the subjects we will be discussing at the Meet the Masters of Income Property Event.

[3:36] Erin sent in an article from the Kiplinger Letter about the future of the economy and inflation.  

[9:49] What will Trump do to light the economy on fire?

[13:20] Garrett Sutton will be speaking at the 19th Meet the Masters Event.

John Simpson Guest Interview:  

[16:54] Before Rent Reporters there was no mechanism for tenants to get credit for their on-time rent payments.

[18:35] The benefit to renters is clear, but what is the benefit for landlords?

[20:05] This service makes the renter more accountable.

[21:36] The top 3 factors that determine a credit score.

[24:54] Many renters have no credit score or they are invisible.

[27:16] A landlord will be able to see renter’s payments for the past two years.

[32:27] Landlords are incentivized monetarily to get new clients for Rent Reporters.  

[38:22] The statistics that back the Rent Reporters business model.

Mentioned in This Episode:

Jason Hartman

The 3 Dimensions of Real Estate

Rent Reporters

Direct download: CW_1088_FBF_John_Simpson.mp3
Category:general -- posted at: 10:30am EST

Happy Thanksgiving (a little early)!!!

Jason Hartman starts today from his Aunt Joanie's house discussing a recent trend among her renters: lease breaking. Joanie has noticed that several of her tenants seem to be jumping in to the buy side after they had given up over the summer. Jason and Joanie discuss why this might be and the correlation between rents and home prices.

Then Jason talks with Diana Butler Bass, Ph.D. in religious studies and award-winning author of 10 books including her newest, Grateful: The Transformative Power of Giving Thanks. The two dive in to why being grateful is important, both for the community and the individual. Diana explains the 4 dispositions of gratitude and the health benefits that come from being grateful.

PLUS, don't forget to take advantage of Jason's massive Black Friday/Cyber Monday Sale!

Key Takeaways:

[4:01] People are starting to break leases more often

[7:02] Fear of loss is more powerful than desire for gain

[9:26] Rents and prices are inversely correlated

[11:23] Why Aunt Joanie got into real estate

Diana Butler Bass Interview:

[16:15] Gratitude actually makes you healthier

[21:34] Gratitude functions out of our higher brain, whereas fear functions out of our primal brain. It also helps things in you physically like blood pressure

[24:39] The world has changed and we need to stop acting solely from our fear instincts

[25:37] The 4 dispositions of gratitude

[30:06] Play isn't just about competition, it's about appreciation, movement, and celebration. Ritual celebrations of thanksgiving are important parts of our culture

Website:

www.HartmanEducation.com

www.DianaButlerBass.com

www.Twitter.com/DianaButlerBass

Direct download: CW_1087_Diana_Bass.mp3
Category:general -- posted at: 5:07pm EST

Jason Hartman starts today's show by discussing the enduring asset that is real estate. Buildings you see that have been there for decades, if not centuries, still make money for their owners. Then Jason answers some more mortgage FAQs, including financing multiple properties at once and what a Power of Attorney can do for you.

Then Jason talks with Paul Moore, author of The Perfect Investment: Create Enduring Wealth from the Historic Shift to Multifamily Housing, about what demographics are telling the two of them about the next decade for landlords, as well as home ownership rates and the current habits of both baby boomers and millennials.

Key Takeaways:

[2:47] Income property is an enduring asset class

[6:37] More mortgage FAQs: can you finance multiple properties at the same time?

[10:37] Can a Power of Attorney sign for you for your investment properties?

Paul Moore Interview:

[14:11] How the demographics for the next decade looks for landlords

[16:09] Where Jason believes home ownership rate should be

[18:24] The faster growing demographic of renters is the baby boomers

[21:24] Millennials are renting in large numbers, partially thanks to the portability society

[25:20] What investing really is and other investment philosophies

Website:

www.WellingsCapital.com

The Perfect Investment: Create Enduring Wealth from the Historic Shift to Multifamily Housing

Direct download: CW_1086_Paul_Moore.mp3
Category:general -- posted at: 3:50pm EST

Today's Flash Back Friday comes from Episode 825, originally published in May 2017.

Jason welcomes Pat Donohoe back to the show. Pat is the President and CEO of Paradigm Life and host of the Wealth Standard podcast. Together, Jason and Pat analyze a Wall Street Journal article which addresses lower mortgage rates and how the lower rates may affect the already ‘hot’ real estate market, how autonomous cars will create a resurgence of the suburbs and how the upper middle-class is rethinking retirement based on the trend of extended life spans.

Key Takeaways:

[02:22] Wall Street Journal audio clip relating to the current housing market and interest rates.

[04:42] Zillow and isolated locations, like LA, with inflated housing values.

[11:35] Supply and demand in the rental property market.

[14:53] The Wealth Standard Radio and Paradigm Life contact information.

[15:36] The resurgence of suburbia will come with autonomous vehicles.

[19:28] A warning about spending money on high priced real estate.

[25:41] Reinventing retirement based on the cost of living longer.

[29:17] The 401k was never really meant as a retirement plan.

Mentioned in This Episode:

Jason Hartman

Longevity and Biohacking Show

Venture Alliance Mastermind

Zillow

Wealth Standard Radio

Paradigm Life

Unlimited Wealth: The Theory and Practice of Economic Alchemy by Paul Zane Pilzer

Direct download: CW_1085_FBF_Pat_Donohoe.mp3
Category:general -- posted at: 12:00pm EST

Jason Hartman starts today's episode by answering more of the mortgage FAQs that were started in episode 1083 that were spawned from the recent Profits in Paradise event. He looks at his idea of Refi Til Ya Die and what it takes to finance your first 10 properties. He also unveils the Ring Doorbell/Amazon Echo contest winner(s)!

Then Jason finishes his interview with client Drew Baker. This time the two tackle cryptocurrency, higher education, the investment landscape as it stands today, and the appreciation vs cash flow dilemma.

Key Takeaways:

[4:22] You need to either create your own mastermind group or join one if you are looking to improve your lot in life

[10:09] Can you do a cash out refinance of your investment properties?

[13:18] If your credit score is over 720 you need to borrow more money (assuming that you're borrowing for investment purposes that is)

[15:42] Can you finance a primary residence regardless of how many investment properties you own?

[17:55] The Ring Doorbell/Amazon Echo contest winners

Drew Baker, Part 2:

[21:37] A 1 world cryptocurrency would be terrifying and allow governments to inflate as much as they wanted

[26:25] The college tuition bubble

[29:24] What should investors be looking at today?

[35:02] People tend to look at appreciation over cash flow because it's "sexier"

Website:

www.JasonHartman.com/Properties

Direct download: CW_1084_Drew2.mp3
Category:general -- posted at: 12:07pm EST

Today's episode starts off with Jason Hartman, in the car, back from Hawaii. He tackles the average length an American stays on the job these days, how technology is changing our buying habits, and starts answering some mortgage FAQs he's been getting lately.

Then Jason talks with client Drew about a mistake he made in self-management that shifted his views on contracts, as well as exploring dividend stocks and the economic disaster that is Argentina currently.

Key Takeaways:

[6:46] Digital camera shipments are down 80% thanks to smartphones

[8:20] Mortgage FAQ #1- Can you finance more than 10 properties?

[9:43] You only need a 620 to finance your first 6 properties, then a 720 for properties 7-10

Drew Baker Interview:

[13:18] A mistake Drew made that made him realize it's important not to deviate from the contract

[17:32] Love or hate Trump, he's been good for the economy

[21:50] Dividends may sound great, but they're not the most stable

[27:05] The currency of today is just getting in front of people

[31:30] Argentina has an economic disaster every 10 years

Website:

www.JasonHartman.com/Contest

Direct download: CW_1083_Drew_Baker1.mp3
Category:general -- posted at: 11:04am EST

Today's Flash Back Friday comes from Episode 773, originally published in January 2017.

Welcome to Creating Wealth 2017! The most important takeaway from today’s conversation is to start investing in real estate income properties now. If you already have an existing portfolio beef it up. Time is short and the longer you own a property the more money you make. Preserve your financial future. On today’s show,  Jason brings Naresh back after an 8-month absence to discuss the benefits of smoking, the problem with the financial media in the U.S. and the farce which is making money on tax liens and deeds.  

Naresh also shares his findings from his recent trip to Cuba.

Key Takeaways:

[1:35] If you haven’t started your real estate portfolio and secured your financial future the best day to do it is today.

[5:03] The benefits of smoking include being social.

[14:00] Thinking critically and holding opposing thoughts on the same subject shows a high level of intelligence.

[15:56] Drinking the kool-aid is easier than doing your homework when investing.

[17:34] The problem with the financial media is the people delivering the news are not business people.

[24:37] How to make money from investing in tax liens and deeds and why it’s not a good idea.  

[35:11] Naresh shares his experiences from his recent visit to Cuba.

[42:28] One of the few things Obama did that Jason agrees with is opening up Cuba.

Mentioned in This Episode:

Hartman Media

Jason Hartman

Creating Wealth Episode 417

Biohacking and Longevity Show

Holistic Survival Podcast

Venture Alliance Mastermind

Meet the Masters of Income Property

Direct download: CW_1082_FBF_Naresh.mp3
Category:general -- posted at: 4:32pm EST

Jason Hartman starts this episode with a look at former Fed Chairman Alan Greenspan's most recent article outlining his concerns with our current economic situation. Greenspan is concerned we're headed toward stagflation, so what would that do to the average real estate investor? One sector that could potentially get hit is short-term rentals, so Jason investigates one of his big concerns on that front.

Then Jason finishes his conversation with Scott A Shay, co-founder of Signature Bank and author of In Good Faith: Questioning Religion and Atheism, about the degradation of ethics and character, and how we can reverse the course our nation is still on that idolizes money and power.

Key Takeaways:

[3:40] Alan Greenspan's new article highlights some of his concerns about our economy

[7:19] The graying of America

[9:34] Greenspan says Stagflation is coming, so what does that mean for real estate investors?

[14:17] What concerns Jason about short-term rentals

Scott Shay, Part 2

[20:45] There's a degradation of ethics and character today

[25:26] How do we fix our current idolatry of money and power?

[30:00] How Adam Smith and Chapter 19 of Leviticus are similar

Website:

www.JasonHartman.com/Contest

www.InGoodFaith.com

Direct download: CW_1081_Scott_Shay2.mp3
Category:general -- posted at: 12:03am EST

Jason Hartman starts off today's 10th episode taking a look back at this weekend's Profits in Paradise event as well as the Venture Alliance Mastermind experience with his guest Pat Donohoe. The two discuss the importance of asset protection and the impact of high tax jurisdictions.

Then Jason speaks with Dr. Gina Loudon, co-host of America Talks Live on NewsmaxTV, certified hypnotherapist, founding writer at Breitbart and official Trump campaign surrogate, spokesperson to Donald Trump's 2016 Presidential campaign and member of the President's 2020 Media Advisory Board. The two discuss the political divide that's present in today's society and whether it's worse now than it's been in the past. They also discuss the 3 types of people in the world and how President Trump is one of the most misunderstood people on the planet.

Key Takeaways:

[5:21] People will leave high tax jurisdictions eventually, it takes some planning

[8:12] The return on investment for going to events like Profits in Paradise are incredible

[11:54] Asset protection was one of the main themes over the weekend

Dr. Gina Loudon Interview:

[16:17] We frequently forget to look at the WHY all this division is going on

[19:18] Are we really divided more now or is it all just sensationalized?

[24:29] The USA is actually living in the most healthy, happy, prosperous and safest times in history

[29:13] The monologue media vs the dialogue media

[30:29] The 3 types of people in today's world

[34:30] Gina says President Trump is one of the kindest and loyal people she's ever met

Website:

www.JasonHartman.com/Contest

www.DrGinaLoudon.com

Direct download: CW_1080_Gina_Loudon.mp3
Category:general -- posted at: 11:01pm EST

Jason Hartman starts today's episode from the beaches of Hawaii, discussing booms and busts throughout history, the definition of an investment, while also recapping this past weekend's Profits in Paradise event. Then producer Adam has the November Mortgage Minutes with one of Jason's lenders, as the two discuss what impact the market pullback has had and where rates are going.

Then Jason talks with Scott A Shay, co-founder of Signature Bank and author of In Good Faith: Questioning Religion and Atheism, in Part 1, about the dangers of our society becoming more cash averse, the degradation of ethics and character, and Glass-Steagall.

Key Takeaways:

[3:32] Take care of the money thing, get the money thing otu of the way in your life, because money will ALWAYS be an issue

[6:41] There have been booms and busts all throughout history; the best way to prepare is to follow Jason's 10 Commandments

[9:19] How to tell if something is an investment

Adam's Mortgage Minutes:

[14:41] The pullback in the market hasn't impacted the mortgage market like you'd expect

[18:51] The people who got foreclosured on in the great recession are now able to borrow again, but the great rates have vanished so they're not in position to borrow again

Scott A Shay Interview:

[22:54] Even after everything we went through in the Great Recession, the banking industry is more consolidated now than it's ever been

[25:45] 60% of bank mergers result in a destruction of bank value

[29:54] The history and purpose of Glass-Steagall

[32:40] Our society is becoming more and more cash averse; what does this mean for us moving forward?

Website:

www.JasonHartman.com/Hawaii

www.InGoodFaith.com

Direct download: CW_1079_Scott_Shay1.mp3
Category:general -- posted at: 11:12pm EST

Today's Flash Back Friday comes from Episode 798, originally published in March, 2017.

Thomas J. Anderson joins Jason to discuss the value of debt. Mr. Anderson is the Founder and CEO of Supernova Companies and author of The Value of Debt series of books. He has broken down life into four financial stages and gives his recommendations for the amount of debt a person should have at each stage to reach a balance between life span and money span. Mr. Anderson says too many people take on oppressive debt too early in life and the right amount of debt can be a powerful tool.

Key Takeaways:

[1:55] Details of the upcoming Venture Alliance Mastermind in Las Vegas and the Memphis Property Tour.

Thomas J. Anderson Guest Interview:

[5:26] All debt is not created equal.

[6:53] Companies have optimal debt ratios because they value the liquidity, the flexibility and the tax benefits of their strategic debt.

[8:43] Thomas describes the 4 stages of life and the optimal debt recommended for each.

[18:04] People need inflation, appreciation and income on assets working for them over a 30-year period of time.

[20:29] Real estate investors should learn the game of staying power.

[22:13] During economic downturns, those with more debt benefit the most.

[26:33] Debt structured the right way eliminates the need for massive returns.   

Mentioned in This Episode:

Jason Hartman

Venture Alliance Mastermind

The Value of Debt

Supernova Companies

The Value of Debt: How to Manage Both Sides of a Balance Sheet to Maximize Wealth

Direct download: CW_1078_FBF_Thomas_Anderson.mp3
Category:general -- posted at: 12:00pm EST

Jason Hartman takes today's intro to discuss an interesting development with India's Central Bank that has some pertinence to what's going on today betweeen President Trump and the US Federal Reserve, as well as examining why business owners and landlords are two of the most successful classes of citizens.

Then Jason talks with Chuck Hattemer, Co-Founder & CMO at Onerent, about how their technology is changing the property management game. Chuck and Jason discuss the big problems that face investors and renters, and how Chuck aims to solve those problems, including how they're attempting to eliminate vacancy losses.

Key Takeaways:

[4:06] India's Central Bank chief may resign after disagreements with what the government was instructing him to do

[7:47] Wealth and income are now concentrated between business owners and landlords, which is a club becoming harder to join

Chuck Hattemer Interview:

[14:49] What is Onerent?

[19:03] The biggest problem Onerent sees is fragmentation

[24:47] Who is Onerent competing with?

[26:04] The next phase of real estate and what services are coming up in the space

[30:59] The industry is becoming more and more refined and efficient, which should excite investors

Website:

www.Onerent.co

www.JasonHartman.com/Contest

www.JasonHartman.com/Properties

Jason Hartman's Alexa Flash Briefing

The PropertyCast

Direct download: CW_1077_Chuck_Hattemer.mp3
Category:general -- posted at: 5:34pm EST

Today's episode features Jason Hartman looking at some economic data that's come out in regards to the housing market, and what that means for us as investors. You must be wary of misleading statistics and keep in mind that, even after you close, a real estate deal is never done. Listen in as Jason introduces you to the unconventional thinking when it comes to the demise of Sears for commercial real estate investors and more.

Key Takeaways:

[3:40] A look at one potential rental income property

[9:02] Be mindful of misleading statistics

[11:14] There's a difference between appreciation and capital improvement that will skew the comparable sales in a neighborhood

[13:59] When you purchase a piece of income property, the deal is not final

[19:35] The interesting part of the demise of Sears in regards to landlords of shopping malls

[22:54] The Appraisal Principle

[26:57] Over 75% of Americans view renting as more affordable than owning a home

[32:11] Don't let the tail wag the dog when it comes to your investments

Websites:

www.JasonHartman.com/Contest

www.JasonHartman.com/Properties

Profits in Paradise

Jason Hartman's Alexa Flash Briefing

The PropertyCast

Direct download: CW_1076_Jason.mp3
Category:general -- posted at: 5:33pm EST

Today's Flash Back Friday comes from Episode 744, originally published in October, 2016.

A local market specialist in the Jackson, Mississippi area joins Jason to share details of what makes Jackson a great place to live and to invest. Those looking for blue collar or white collar work are likely to find it in Jackson as employers abound. The well built, low-cost properties have a high RV ratio and the regulatory climate is landlord friendly. Brick on slab construction and agreeable climate make rehabbing lest costly and do-able year round.

Key Takeaways:

[1:36] There is plenty of work and money goes farther in Jackson, Mississippi

[4:10] Details of Jackson’s regulatory environment and landlord friendliness

[5:19] Who are the target tenants of Jackson and who employs them?

[7:43] Typical house prices, cost to rent and what is included in a rehab

[10:44] Classifying the properties based on cost to buy, building type and school district

[13:30] After inspections, properties are upgraded and rehabbed with durable materials

[15:46] A 6-month warranty on rent and upkeep is standard with this local market specialist

[16:31] Jackson Mississippi has exceptional RV ratios. There are plenty of low-priced homes which collect high rents.

Websites:

www.JasonHartman.com/Contest

www.JasonHartman.com/Properties

Profits in Paradise

Jason Hartman's Alexa Flash Briefing

The PropertyCast

Direct download: CW_1075_FBF_Jackson.mp3
Category:general -- posted at: 12:00pm EST

Jason Hartman talks today about the expansion of credit in the past 50 years and how that's impacted our economy. There's also a look at Trump's war of words with the Fed, why you should stock up on low rate mortgage assets, and why a booming economy is a noisy economy.

Key Takeaways:

[3:40] You should be stocking up on low, fixed rate mortgage assets

[6:56] The modern expansion of credit started somewhere in the 50s

[10:56] The battle between Trump and the Fed is an important one to watch, because the Fed may be tightening too fast

[15:30] Make it part of your 5 year plan to get some shelter from high taxes

[19:22] Rising mortgage rates are like rent control and keeps people in their homes

[20:27] Construction costs have climbed 31% in 6 years

[23:01] A booming economy is a noisy environment

[27:24] Some listener Q&A

Website:

www.JasonHartman.com/Contest

www.JasonHartman.com/Properties

Profits in Paradise

Jason Hartman's Alexa Flash Briefing

The PropertyCast

Direct download: CW_1074_Credit_Mortgages.mp3
Category:general -- posted at: 3:51pm EST

Jason Hartman starts the episode with a reminder to follow the commandments, and to make sure that you don't go into investments just because of their tax benefits.

Then, Jason talks with Joe Melendez, Founder & CEO of Value Insured, which features a new product that can reimburse homeowners up to their full down payment if the market went down when they sold their house. The two discuss the lack of inventory in the entry level home market, the hazards of regulation on today's market, and how Value Insured is able to work to help home owners.

Key Takeaways:

[4:7] A word of caution: do not choose an investment JUST because of the tax benefit

Joe Melendez Interview:

[9:22] The entry level home market has been completely shut out from new home construction

[12:47] How to encourage builders to builder entry level homes

[16:42] Where is all the manufactured housing that people have been expecting?

[19:35] Equity insurance for the homeowner

[26:09] The math behind the equity insurance

[30:55] $60/year for equity insurance seems to say that Joe is bullish on the housing market. Is that true?

[34:03] When will the equity insurance for investors be available?

Website:

www.ValueInsured.com

www.JasonHartman.com/Properties

Profits in Paradise

Jason Hartman's Alexa Flash Briefing

The PropertyCast

Direct download: CW_1073_Joe_Melendez.mp3
Category:general -- posted at: 4:20pm EST

Today's Flash Back Friday comes from Episode 729, originally published in September 2016.

Jason, Fernando and Oliver make up today’s expert panel. They are discussing self-management options for your income properties. The experts agree, a great property management company is worth their weight in gold but it is also important to be educated about your self-management options. The panel shares information about companies who use technology to save you time and money through automating tedious tasks, best practices to improve home interiors without spending a fortune and what types of tenants are the best types of tenants to have.

Key Takeaways:

[3:40] Jason and Fernando discuss the flooring options available at an income property expo in Mesa, Arizona.

[9:19] Kwikset Kevo bluetooth locks make it easier for self-management of income properties.

[16:57] Jason recommends adding a little color to the interior walls of your income properties.

Self-Management Panel:

[20:33] Is self-management easier than having a property manager?

[23:27] The road to self-management and maintaining a good relationship with your tenants.  

[28:00] The flat rate fee system makes self-managing properties easier.

[32:47] Property managers are reluctant to take legitimate fees out of a tenant’s security deposit.

[37:06] Ask your property managers to lower their costs if you are realizing the value.

[40:11] Using Cozy makes rent collection and viewing tenant profiles easy.

[44:35] Disintermediation is getting rid of the middle man.  

[49:10] Rently allows tenants to do their own showings with only a credit card.

Mentioned in This Episode:

Jason Hartman

Real Estate Tools

Venture Alliance Mastermind

Hartman Education

Cozy

Rently

Direct download: CW_1072_FBF_Self_Management.mp3
Category:general -- posted at: 12:00pm EST

Jason Hartman talks with Venture Alliance member Mike Zlotnik about cap rates in today's interest rate environment. Mike explains what happens to cap rates (and commercial real estate investing as a whole) when interest rates start rising. After years of artificially low interest rates, we're starting to see rates finally rise, so strap in and learn how to navigate the waters and get some real life numbers of the true impact.

Key Takeaways:

[4:54] Real estate is so tax favored that it can become a bit of a trap, where you have to pay some serious taxes if you want out of the game

[9:52] There are signs of a shift in the marketplace, but thanks to Commandment #5 it doesn't mean much to us

Mike Zlotnik Interview:

[13:18] We are definitely in the period of abnormally low interest rates, and the Fed is raising them at a pretty rapid pace

[16:29] We've been spoiled by artificially low interest rates

[19:17] The inverse relationship between cap rates and prices

[23:53] A real life example of the impact of higher interest rates

[27:53] We live in a world where the Federal Reserve and the Treasury don't have to make sense

[33:09] Can the US government afford high interest rates?

[37:24] Why are rates going higher?

[40:26] How to prepare for higher rates

Website:

www.BigMikeFund.com

www.TempoFunding.com

www.JasonHartman.com/Properties

Profits in Paradise

Jason Hartman's Alexa Flash Briefing

The PropertyCast

Direct download: CW_1071_Mike_Zlotnik.mp3
Category:general -- posted at: 3:16pm EST

Jason Hartman starts today's episode with his friend Matt Andrews, as the two discuss why they enjoy real estate and how they discover new ways to produce profit in their real estate deals, as well as the need for you to prune your portfolio.

Then, for his 10th episode, Jason talks with Angela Duckworth, Founder & CEO of Character Lab, former advisor to the White House, World Bank, NBA & NFL teams, and author of the new book Grit: The Power of Passion and Perseverance. The two delve into what character and grit are and the steps you can take to improve yours.

Key Takeaways:

[3:21] The practice of "pruning"

[7:06] As you progress along your real estate journey you'll continue to find ways to profit on your deals.

Angela Duckworth Interview:

[9:57] Are we in a crisis of character moment in history?

[13:37] Is character an absolute or constantly in flux?

[18:57] One reason why the wicked don't prosper

[21:31] What is grit and how do you develop it?

[24:53] If you want to be different, be consistent

[28:54] The steps to becoming gritty

Website:

www.CharacterLab.org

www.AngelaDuckworth.com

www.JasonHartman.com/Properties

Profits in Paradise

Jason Hartman's Alexa Flash Briefing

The PropertyCast

Direct download: CW_1070_Angela_Duckworth.mp3
Category:general -- posted at: 5:39pm EST

Today's Flash Back Friday comes from Episode 722, originally published in September 2016.

Today’s guest, Harry Dent is the author of multiple financial books designed to help you keep your wealth. Harry predicts an upcoming deflationary period followed by a huge debt bubble burst in the US. He wholeheartedly agrees with Jason and says the everyday house is where your money should be if you are a real estate investor. The uber rich and the Chinese will be the losers in this economic downturn and Wall Street will slide under 6000 and Shanghai will hit 1000. Harry says the market needs a cleansing because without it the markets will falsely re-inflate themselves for the sixth time. Hold on tight investors times they are a changin’.  

Key Takeaways:

Harry Dent Guest Interview:

[5:07] Something for nothing is an unattainable goal. You can’t just print free money!

[6:10] Why doesn’t the US have significant inflation with the exorbitant amount of money creation?

[7:48] In the US from 1983 to 2008, private debt peaked at 42 trillion. The debt had grown for 25 years at 2.5 times faster than the GDP!

[11:02] Banks create debt and then get free money. It will be painful, but necessary to deleverage the debt.  

[16:15] The everyday house is the best investment option when the bubble bursts.

[19:01] The uber rich will get slaughtered during the next debt bubble crisis.

[20:51] The wealthy Chinese will be are laundering money and buying US real estate.

[22:57] 240 million rural migrants are trapped in Chinese cities with no hope for the future.

[27:22] Fracking will be the next debt default in the US.

[28:45] Deflation is a sign a financial bubble is bursting.

[31:30] We are living in a Keynesian economy. We are addicted to financial drugs and we can’t kick the habit.

[33:12] Interest rates are going up for bonds and mortgage rate will come down.

Mentioned in This Episode:

Jason Hartman

Harry Dent

The Demographic Cliff

Profits in Paradise

Jason Hartman's Alexa Flash Briefing

The PropertyCast

Direct download: CW_1069_FBF_Harry_Dent.mp3
Category:general -- posted at: 3:28pm EST

Jason Hartman takes today's episode to look at inflation, the trade war, and how the economy lags behind things like these. To help him with that dissection he brings in one of the new additions to his team, in house economist Thomas. Thomas helps Jason decipher his charts that show how the home sales change along with inflation and mortgage rates. All of these things add up to important tools you can use as you prepare your portfolio for the next recession we all know is going to show up sooner rather than later.

Key Takeaways:

[3:18] It's important to think about the next recession BEFORE the next one

[9:37] Inflation numbers really started to be manipulated during the Stagflation years

[14:05] What you see when you compare the 30 year mortgage rate to existing home sales

[18:26] Inflation has been announced as mild recently, but how does it impact the economy and attitudes in general?

[20:01] What does the trade war mean for inflation?

[27:01] How rising interest rates effect different aspects of home buying

Website:

www.JasonHartman.com/Properties

Profits in Paradise

Jason Hartman's Alexa Flash Briefing

The PropertyCast

Direct download: CW_1068_Prepare_Recession.mp3
Category:general -- posted at: 4:49pm EST

Jason Hartman starts off today's show talking about the disaster that is the American political system, as well as the truly remarkable thing that's happening in the US economy right now that's not getting enough attention. Then, Jason plays some of his segment from the latest Cash Flow Wealth Summit where he talks about the 6 ways the US government can solve their $220 trillion obligation and which one we can take the most advantage of as investors.

Key Takeaways:

[5:12] Politics have become a complete fiasco

[6:33] What's going on in our economy is nothing short of a miracle, the bottom 10% of society have seen their wages grow 5%

[10:52] Automakers are starting to do more parts of their manufacturing in the USA

Cash Flow Presentation:

[15:41] The entitlement society isn't going to change, so align your interests

[17:25] We must understand the motivations of governments and central banks

[19:24] The 6 ways the government can deal with the looming entitlement bill

[27:04] The most likely solution the government will choose

[30:43] Inflation is the most powerful method of wealth redistribution from lenders to borrowers, old to young

Website:

www.JasonHartman.com/Properties

Profits in Paradise

Jason Hartman's Alexa Flash Briefing

The PropertyCast

From Kavanaugh's Hearing

Direct download: CW_1067_6_Reasons.mp3
Category:general -- posted at: 6:48pm EST

Today's Flash Back Friday comes from Episode 717, originally published in August 2016.

The sharers, or those who participate in the sharing economy, are many. They are a huge untapped segment of opportunity for real estate investors. Jason summarizes Mike Willinger’s article, I Am a Sharer. Will the sharers create the next big real estate bubble Harry Dent cautions us about? And, taxes are the single largest expense in a person’s life. If you are a real estate income property investor or considering becoming one this episode is for you. Jason plays a comprehensive audio clip from Garrett Sutton’s book, Loopholes of Real Estate. Jason details and defines the important terms and identifies the caveats so you can be the most informed investor you can be.

Key Takeaways:

[1:47] Jason relays Mike Willinger’s article about sharers.

[9:08] Will there be a resurgence of suburbs? The autonomous vehicle may make them popular once again.

[11:08] Harry Dent is predicting a real estate bubble. The questions is which markets will be affected?

[13:30] The US has a rigged corporate media system.

[15:54] Who is your favorite tax preparer? Are they Enrolled Agents?

[18:26] Beginning of the audio clip from Garrett Sutton’s Loopholes of Real Estate.

[24:13] To qualify for the real estate professional tax incentive you must spend more time your real estate business than in any other business.

[31:12] Property Tracker software makes it easy for real estate professionals to track their time.

[33:40] The Property Fixer app can assist the professional property flipper.

[35:38] Upcoming events include the Venture Alliance in Seattle and the Software and Buying event in Phoenix.

Mentioned in This Episode:

Jason Hartman

Hartman Education

Venture Alliance Mastermind  

Real Estate Tools

Property Tracker Software

Corporate Direct

Suttlaw

Direct download: CW_1066_FBF_Garrett_Sutton.mp3
Category:general -- posted at: 10:27am EST

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

Today's episode features Jason Hartman himself explaining the dangers of identity theft and how it's changed over the years. We all know that sometimes our credit card numbers get stolen, but it's gotten much more sophisticated than that these days. Jason also explores the maladies that impact all economies and what the Fed is saying about our economy today.

Key Takeaways:

[4:24] Identity theft is much, much more than just financial theft

[9:18] It's easier to engage in identity theft and financial fraud than committing physical crimes

[16:37] What is money?

[20:22] The 3 basic maladies that happen in an economy throughout history

[24:10] The Fed tells us what to expect moving forward (hint: it's higher rates, slowly)

[27:05] When wage growth will start worrying the Fed & where Jason thinks you can look to see what inflation is really doing

[32:40] Will the Fed overdo it?

Website:

www.JasonHartman.com/Properties

Profits in Paradise

Jason Hartman's Alexa Flash Briefing

The PropertyCast

Direct download: CW_1055_Jason.mp3
Category:general -- posted at: 5:45pm EST

Jason Hartman takes aim at some important news in today's episode. The episode begins with a look at the first real wage increase in years, and how that may impact interest rates moving forward. Then Jason discusses his idea of "Economic Berlin Walls", jobless claims, communism vs capitalism, "Personal Keynesianism", and jobless claims.

Key Takeaways:

[1:18] Wage increases are contributing to rising interest rates

[3:39] The trade wars impact on interest rates

[8:14] Looking back at the times in his life when he was financially strapped, Jason realized that consumer goods used to be WAY more expensive than today

[12:17] Housing price increases are slowing

[15:04] States are building "Economic Berlin Walls" to try and keep their residents for tax purposes

[17:45] Jobless claims have hit a 49 year low

[22:45] Karl Marx, indirectly responsible for the death of 150+ million people thanks to his communist ideas

[28:19] Globalism may have hurt the American worker more than anything else

[36:25] "Personal Keynesianism": Where you prime your own pump by having access to easy credit

Websites:

www.JasonHartman.com/Start

Profits in Paradise

Jason Hartman's Alexa Flash Briefing

The PropertyCast

Direct download: CW_1054_Jobless_Wages_Prices.mp3
Category:general -- posted at: 4:22pm EST

Today's Flash Back Friday comes from Episode 812, originally published in April 2017.

To start the show, two clients who bought properties at the Creating Wealth Seminar and Memphis Property Tour tell their stories of why they do business with Jason’s company. And, later a recording from the Venture Alliance Mastermind in Las Vegas with Jeff. Jeff details how he creates balance in his life and has a successful career.

Key Takeaways:

[1:27] Adam bought his 9th property during the Memphis Property Tour.

[4:32] A client who likes doing business with Jason’s organization because they provide a one-stop shop.

Las Vegas Venture Alliance Recording

[10:24] Jeff breaks things down into quarterly and daily goals.

[13:04] How Jeff strategically forms his 4 key goals.

[18:22] Meditation is a key component of successful people’s lives.

[22:23] The importance of teaching and growing every day.

[26:13] Choosing to create a leader, not a doer.

Mentioned in This Episode:

Jason Hartman

A Tale of Two Brothers Podcast

Venture Alliance Mastermind

Profits in Paradise

Jason Hartman's Alexa Flash Briefing

The PropertyCast

Direct download: CW_1053_FBF_Venture_Alliance.mp3
Category:general -- posted at: 12:00pm EST

Jason Hartman spends today discussing the future climate of home supply and mortgage rates as we move into a world of higher rates and greater inflation. Jason sees a future that involves more Adjustable Rate Mortgages (ARMs), people unwilling to sell because they aren't willing to give up their low interest rate, and how the housing market could become even more stagnant.

Then Adam talks with one of the lenders from the network to discuss where rates are today, if the Fed raising rates will impact investors, what things might impact rates in the next few months, and more.

Key Takeaways:

[2:56] Labor unions don't have the same cause/need today as they did when they were created and were desperately needed. Today we see technical tyrrany

[4:58] The popularity of Adjustable Rate Mortgages is set to increase

[8:25] An interest side effect to the way housing inventory and rate play out together

[12:10] Investors with mortgage assets are about to be seriously aided by Inflation Induced Debt Destruction

[14:58] Long low rate mortgages leads to a stagnant market with less price discovery because people don't want to give up their rates

Adam's Mortgage Minutes:

[19:35] Rates right now are in the high 5s

[24:04] The rise of quantitative tightening

[28:24] Any news items expected that could impact rates in the next 1-2 months?

Website:

www.JasonHartman.com/Properties

Profits in Paradise

Jason Hartman's Alexa Flash Briefing

The PropertyCast

Direct download: CW_1052_Mortgages.mp3
Category:general -- posted at: 12:00pm EST

Jason Hartman has a check in for this client case study with Drew. Drew recently took charge of 6 homes in the Indianapolis market to self-manage, and has a nice story of increased profit to accompany it. After adjusting rents to meet market prices and getting rid of management fees and the like, Drew has been able to increase his monthly cash flow by around $1,300.

Drew explains to Jason how he's formed relationships with his tenants that have been incredibly helpful to his bottom line, the software he's using for management, and how much time it's actually taking him per month to manage his properties.

Key Takeaways:

[3:12] Where Drew has started self managing and why

[7:15] Drew put money into his property but came out ahead financially

[12:47] Always remember that your tenants are your customers

[18:07] Drew has raised his income by over $1,300 a month since he started

[23:37] How much is Buildium and why did Drew choose it?

[26:13] How much time per property is Drew spending a month? How long does a rent ready take?

[34:51] Just because you start self-managing doesn't mean you always have to. If you change your mind there's always another option

Website:

www.JasonHartman.com/Properties

Direct download: CW_1051_Drew.mp3
Category:general -- posted at: 2:47pm EST

Today's Flash Back Friday comes from Episode 560, originally published in August 2015.

If you are in control of your life your kids do not talk back to you, you tell the waiter your food is subpar and you believe in every single word you say. If the aforementioned doesn’t ring true for you then you need to “grow a pair” and get your house in order. If you decide not to tell someone they are stealing your time and money at your business then by default you are condoning it. Larry believes you are providing people a service by telling them the truth. They need to experience the failure and the pain in order to allow them to learn from their mistakes. Keeping quiet doesn’t help anybody. 

Key Takeaways:

Jason’s Editorial:

 

[4:56] Is this the beginning of the economic meltdown

Larry Winget Interview:

[8:07] Entitlement is the biggest enemy to our society

[8:59] People need stronger opinions and need to stand up for them

[9:44] Living on the edge is what gets one into history books

[10:50] The “I have a pair” test 

[12:16] If you put up with something you condone it

[12:50] If you want to do the other party a service speak up about crappy service

[13:54] Peale’s “ruined by praise than saved by criticism” quote

[14:57] Ground your opinion and refuse to create drama

[16:14] I provoke people on purpose 

[17:33] Which is better having rabid fans or rabid enemies

[19:35] I can count on my haters, they buy my products 

[20:28] Numbness is a caused by a of lack of confidence in a speaker's’ faith in what they say 

[21:51] Businesses can grow a pair by refusing to tolerate thieves or 20% of their employees

[23:27] We expect more out of our government than we expect out of ourselves 

[25:21] Being in the middle is a safe place but it’s no fun

[27:12] Honest and open communication isn’t welcome in a world of political correctness

[28:44] I respect all opinions on my social media page 

[30:38] It’s not about changing somebody else it’s always about yourself

[32:49] Kid’s need to experience failure and friends need the truth

Direct download: CW_1050_FBF_Larry_Winget.mp3
Category:general -- posted at: 4:07pm EST

Jason Hartman and Doug take today's episode as a chance to look at some key happenings in our world today. By now you've heard Jason discuss how there's a softening in prices at the top of the housing market that is likely to slowly trickle down into other price ranges, but Doug says there's another metric to look at that's also telling us a recession is headed our way.

With stocks on a 10 year run, we know it can't stay this way forever. Jason and Doug look at whether the US investor's propensity to demand immediate gains by companies may be hurting us against our foreign competitors. They also look at the upcoming Profits in Paradise event and what's happening in the short-term rental market.

Key Takeaways:

[2:07] Doug says there's a better sign of an upcoming recession aside from an inverted yield curve

[5:34] Trickle up poverty

[8:46] The rich have resources in the hard times (helping them get richer), the poor get hurt by them

[11:56] We're now on a 10 year run in the stock market, how much longer can we go?

[15:53] Asia's long term view for companies could be a problem for instant gratification that the US is plagued with

[19:14] Long economic expansions makes people forget that counterparty risk is real

[23:49] This housing slowdown is starting at the top and will work its way down

[26:36] What Doug is excited about for Profits in Paradise

[30:48] Where is all the additional demand for hotels and short-term rentals coming from?

[33:04] The best strategy for short-term providers

Website:

www.JasonHartman.com/Events

www.JasonHartman.com/Properties

Jason Hartman's Alexa Flash Briefing

The PropertyCast

Direct download: CW_1049_Doug.mp3
Category:general -- posted at: 5:32pm EST

Today's show features Jason Hartman discussing some of the main stories in the news today. The first story is one of the reasons Jason created Commandment #3 (Thou Shalt Maintain Control), the next is a potential sign of a market slowdown from none other than the scandal plagued Wells Fargo, then the potential return of risky loans. Finally we wrap it up with a story on how California might make it even more expensive to live there.

Key Takeaways:

[2:09] Forgetting Commandment #3 can often be an expensive lesson and the biggest Ponzi scheme in the world

[6:52] Always think of opportunity cost when you have money sitting around

[12:20] A potential sign of a market slowdown from Wells Fargo

[16:49] The housing market is slowing from the top down and hasn't hit the type of homes that Jason's network sells

[20:44] Are banks starting to push risky loans?

[26:07] California is considering changes to Prop 13 and home requirements, which Jason believes would be devastating for real estate holders

Website:

Profits in Paradise

Jason Hartman's Alexa News Briefing

The PropertyCast

Direct download: CW_1048_Jason.mp3
Category:general -- posted at: 3:39pm EST

Today's Flash Back Friday comes from Episode 571, originally published in September 2015.

Welcome to episode 571 of Creating Wealth Real Estate Investing. If you’re here it’s because you’re interested in creating or growing your wealth through real estate investing. And today’s episode is the perfect vehicle to help you do that.

One of our experts, Joe, joins us to give the down and dirty details of what it takes to get the best financing deal and the specifications you need to qualify for up to 20 properties. We also talk about whether or not you need an attorney to close a loan, the differences between technical refinancing and cash out refinancing as well as how many months’ of reserves you need.

This is expert advice free of charge! And it’s all here on today’s episode of Creating Wealth Real Estate Investing.

Quick answers in the lightning round to all of the most important financing questions. We dig in and ask prudent questions of Joe our financing guru. If you are looking to create your wealth through real estate investments this is the episode for you. Down and dirty details of what it takes to get the best financing deal and the specifications you need to qualify for up to 20 properties. Expert advice free of charge!

Key Takeaways:

Jason’s Editorial:

[1:23] Lender Lightning Round show

[1:58] The great Facebook debate

[4:29] Commandment #3 - Thou shalt maintain control

[9:28] Ric Edelman’s - 10 great reasons to keep a long term mortgage and never pay it off

[11:07] The supply chain of financial advisors

[15:40] It’s an amazing time to be alive

[16:18] The Chinese Government makes it easier to buy overseas assets

[18:40] Newport Rhode Island trip for Venture Alliance members and guests

Lightning Round:

[21:30] Inflation induced debt destruction

[22:15] Financing 10 properties per spouse through Fannie Mae

[22:53] Down payments vary - 5% down reduces your rate

[23:43] Financing through an LLC

[24:24] 1 loan, 1 property with vanilla residential financing

[25:45] Multiple inquiries about your credit score can lower it over time

[27:00] A LLC needs different insurance

[27:47] Is a power of attorney be sufficient to close the loan

[28:29] An attorney is not needed to close the loan

[29:57] A 2 year landlord history - Fannie Mae no, Freddie Mac yes

[30:56] The minimum credit score is 620 for the first 4 properties, 720 for 5-10

[31:50] Cash out refinancing on investment properties

[33:05] You can always finance your primary residence but different guidelines may apply

[34:21] Lenders need 6 months of reserves

[35:37] Offsetting the mortgage payment based on possible rental income

[37:42] Rental income loss

[38:38] Technical refinance or delayed financing

[40:22] 100% replacement cost needed in homeowners insurance

[44:37] Do your due diligence but beware of multiple credit checks

Website:

www.JasonHartman.com/Properties

Fruitcake Fraud

Direct download: CW_1047_FBF_Lender.mp3
Category:general -- posted at: 3:11pm EST

Today's episode features Jason Hartman covering a wide range of issues. The topic of conversation ranges from the coming singularity, what it is, when we might see it, etc, then branches into more on the discussion about Automated Valuation Models (AVMs) and whether they're are the precursor to reckless valuations like we saw before the Great Recession.

Jason also looks at the unfortunate situation Venezuela finds them in, with both rampant inflation and a natural disaster on top of it creating serious issues for the citizens of the nation.

And finally Jason listens to some of his favorite investigative journalists work as he discusses why investigative jouralism is important and how it is connected to his 3 guiding principles.

Key Takeaways:

[3:07] The approaching singularity

[7:47] The database Jason was wondering about in relation to Automated Valuation Models exists with Fannie Mae/Freddie Mac

[10:05] Appraisers are a dying industry because the older ones are retiring and the hoops new appraisers have to jump through are hindering new hires

[11:45] Will AVMs cause reckless valuations to return?

[14:11] The IMF has announced that inflation in Venezuela this year alone has been 1,000,000%

[17:07] Asset price inflation is not a part of the inflation index in the USA, which is a big deal

[22:17] The 2 major problems of the humble single family home

[26:11] Investigative journalisms ties to Jason's principles of how you can't hear the dogs that don't bark, compared to what, and what gets rewarded get repeated

Website:

Profits in Paradise

Jason Hartman's Alexa News Briefing

The PropertyCast

John Stossel

Direct download: CW_1046_Jason.mp3
Category:general -- posted at: 11:29pm EST

Jason Hartman welcomes his mom back to the show to discuss self managing properties and how to find the best deals when you have to make repairs. The two also talk about what kinds of addendum she's adding to leases recently, rising rents, job numbers and more.

Key Takeaways:

[2:12] Small business confidence at 35 year high

[5:38] Job numbers are not showing an impact from the trade wars

[8:14] There's legitimate wage growth for the first time in 4 decades, which is great for all Americans (and our economy)

[10:33] Jason's mom has been able to raise 4 of her tenants rent by $100 a month

[13:03] Have tenants have changed over the years?

[16:10] How his mom gets good deals and aligns the tenants interest with her own

[20:12] "You get what you pay for" is not true for much (if anything) in life

[24:14] The kinds of clauses Jason's mom is putting in her leases to protect herself from unruly tenants

[29:24] How to build a great relationship with your tenants

Website:

www.JasonHartman.com/Properties

www.Zumper.com

Direct download: CW_1045_Joyce.mp3
Category:general -- posted at: 1:42pm EST