Mon, 7 May 2018
Jason Hartman starts off the show with client Doug about portfolio makeovers, why you should stay in the game for the long run, and the fallacy of the passive investment. Doug got out of the real estate business just before the (positive) market correction and missed out on a lot of money.
Then, Jason finishes his client case study with Muthiah. This time the two look at the actual process of Muthiah filing a claim against a bad provider and how he was about to get restitution after some avenues had failed. Jason also explains how to get a hold of his Hall of Shame resource list, and why you should file complaints even if they're not likely to help you alone.
Jason & Doug Intro:
[5:05] There's no such thing as a passive investment, but there are some things that are easier
[9:16] If you do the math properly, real estate versus the stock market isn't even a competition
[12:15] The problem with being too passive is you don't learn from your successes or failures
Muthiah Client Casey Study, Part 2
[20:00] Muthiah has never tried to self manage his current 20 properties
[23:00] Want Jason Hartman's Hall of Shame resource list? Fill out any form on JasonHartman.com
[25:18] Muthiah's process of filing complaints against the provider
[29:48] You're not just filing these complaints for yourself, it's your duty to protect other people
Fri, 4 May 2018
Today's Flash Back Friday comes from Episode 801, originally published in March 2017.
This episode includes a brief history of Jason’s experiences in the real estate market from 2004 to the mortgage crisis of 2008. Jason correctly predicted the crisis and tells us what signs to look for in the future. Then, a live recording of a Creating Wealth Seminar with a panel of Investment Counselors answering real participant questions about mortgage sequencing, the importance of leverage, and common client challenges.
[2:49] Details of the upcoming Creating Wealth Seminar and Memphis Property Tour.
[4:11] Jason predicted the collapse of the mortgage industry way back in 2004.
[11:16] Meeting other investors is one of the best things about attending a live event
Investment Counselor Panel Recorded Live:
[14:03] Meet the Panel: Investment Counselors Sara, Carrie, and Oliver.
[20:25] What areas of the process do clients find challenging?
[24:30] During the recession, how did investment counselors help investors?
[27:07] A lesson in the importance of leverage.
[29:57] The strategy for mortgage sequencing.
Mentioned in This Episode:
Wed, 2 May 2018
CW 995 - Your Investment's Weak Link & Dealing with Bad Sellers - Client Case Study with Muthiah, Part 1
Today's episode is another in property management education. It's crucial that you identify the weak link in all your investments, as well as figuring out a safeguard against them. When it comes to your real estate investing, it's quite possible that your weak link is your property manager.
After his intro, Jason Hartman has part 1 of a client case study with Muthiah, where the two discuss an incident Muthiah recently had with a vendor, and what actions you can take when you're being wronged.
[5:25] Cutting out the middle men - property managers
[9:08] One of the best decisions Jason made when he got into the nationwide real estate business 14 years ago
[13:09] Looking for the weakest link in your investments
[17:30] Jason's been accused of being a complainer, but is that such a bad thing? Complainers change the world
Muthiah Client Case Study:
[22:27] What happened to Muthiah that created tension with the seller
[24:55] If the seller wants to close before the repairs are completed, the only way you accept is if they have money held in escrow in case they don't do what they promised
[28:00] The two ends of the company spectrum
[30:51] What Jason wants you to negotiate with your property management contract
[34:52] The inherent conflict of interest with property managers
Mon, 30 April 2018
CW 994 - The Self Management Revolution & How to Fix Affordable Housing with NHP Foundation's Richard Burns
Jason Hartman wants to prepare you for the coming revolution. The self management revolution is coming, and it's time to see if you're up for the challenge. There are things that you need to do before you take the plunge, and Jason outlines some of them here.
Then, Jason talks with CEO of the NHP Foundation, Richard Burns, about the affordable housing crisis in the United States. The current method of creating affordable housing isn't working for anyone, but Richard thinks there's a way that it can be solved that benefits all parties.
[2:34] The coming revolution of self-management
[5:36] Drew's first taste of self-management
[7:45] Some steps to take before going full self-management
[11:09] Freddie Mac's new program
[15:23] Join Jason for his events in Philadelphia and New York, www.JasonHartman.com/Events
Richard Burns Interview:
[17:45] What solutions are available for affordable housing?
[20:38] The two components of real estates value
[22:20] We are nowhere near meeting the affordable housing demand, so what do we do?
[26:17] Where did the high paying, real careers go that made people end up in careers that were meant to be stop-gap jobs?
[28:25] What does Richard's non-profit do?
[31:59] Richard's thoughts on rent control
[33:51] What the Baby Boomer survey showed
Fri, 27 April 2018
Single-family homes sales rose in January. This has made income property inventory low. You can find out which properties are available in the sought after Memphis market by joining Jason during the upcoming property tour and Creating Wealth Seminar. Jason shares a live recording from a previous seminar in which he thoroughly explains why investing in a single family home as income property is the only logical investment during an inflationary period. And, if the signs are correct the U.S is entering an inflationary period under the Trump administration.
[1:56] National Association of Realtor’s article about home sales in January.
[5:24] Single-family homes sales are up and inventory is low.
[8:49] The Trump administration is a boon for the economy.
[9:34] A Goldman Sachs report says interest rates will rise.
[15:59] Venture Alliance Weekend and Memphis Property Tour details and dates.
ASSET MATRIX - Recording from Phoenix Live Event
[18:27] Inflation induced debt destruction by way of a mortgage.
[20:34] Jason explains how the government manipulates inflation numbers through hedonic adjustment.
[27:59] The ultimate investing equation.
[35:21] Anything that does not produce income is not an investment.
[36:59] Cash and bonds are destroyed by inflation.
[39:14] The IRS does not account for inflation.
[42:28] During deflationary periods people default on their loans.
[44:51] If you have a corporate job you are paying more taxes than the self-employed.
Mentioned in This Episode:
Wed, 25 April 2018
In today's episode Jason finishes off his idea of "crowding out" and the damages it can have on our society. Then he explores the idea of various types of deserts, including investment deserts.
Finally, Jason talks with Sara McFarland from Homee on Demand, a new app that's aiming to make property management from afar easier than it's ever been before. Your tenant can alert you to a problem, send you a picture of the issue, you can get a quote, and verify the issue is taken care of.
Listen in as Sara McFarland gives a rundown of the service, how they ensure you don't get ripped off, and how you can best use it in your portfolio.
[2:57] Jason finishes off his point of "crowding out" from the last episode
[5:29] Various types of deserts, including investment deserts
[9:51] Have a service you think Jason can use? Talk to him about it and keep the money "in the family"
[16:39] The Hawkins family 5 year plan
[22:08] You need to invest in hard assets that keep up with inflation
[28:59] How Homee keeps vendors from cheating
[31:17] Can you use Homee as a self manager?
[33:18] Homee helps teach you more about your home
Mon, 23 April 2018
Jason Hartman discusses some key aspects for real estate investors. One of the most important, and most visible, components of investing is interest rates, and there are some absolutely critical things you need to remember about them. Interest rates impact real estate supply and demand, and home affordability. People buy homes based on payments, not price, and mortgage rates impact those dramatically.
Jason also looks at why some libertarians just don't pay attention to an economic reality and gives a big announcement about the Creating Wealth seminar in Philadelphia in May.
[2:00] Why maintaining control is important when dealing with big, too big to fail, companies
[7:23] Jason's mom has seen the effects first hand of what giving people money can do
[11:05] Jason's thoughts on "crazy libertarians"
[15:46] What interest rates do to real estate supply & demand, and affordability
[18:40] Big announcement about the Creating Wealth Seminar on May 19th
[23:18] Housing prices is a flawed metric, you have to look at the average mortgage payment amount
[27:59] Supply of homes is constrained
Fri, 20 April 2018
Today's Flash Back Friday comes from Episode 530, originally published in June 2015.
Jason invites Fernando to talk about the first inaugural event of the Venture Alliance mastermind meeting. Fernando says it was a small number of people who attended, but the value of information that he gained was priceless. Bob Proctor is today's Creating Wealth main guest. He is widely considered one of the greatest speakers on personal development and he teaches people how to unlock their hidden abilities. Bob and Jason talk on the subject of creativity, taking control of your life, breaking out of your conditioning, and much more on today's episode.
[2:25] What did Fernando think of the first Venture Alliance mastermind meeting?
[10:30] It's very difficult to find larger, more speculative deals on your own without the support of more experienced real estate investors
[14:05] You can join Jason and Fernando on an informal Chicago property tour and just hang out with the guys on July 16th
Bob Proctor Interview:
[17:05] Bob helps people recognize who they are, how to set goals, and much more
[20:45] We're conditioned to live the way we live and if that doesn't change, the results don't change
[26:55] The U.S is filled with creativity compared to other countries like China, for example
[29:50] What's Bob's thoughts on The Secret?
[34:25] How do we find our purpose?
[38:05] Bob gives some quick tips on how to accomplish your goals.
[39:35] Do your work, put your heart into it, and the sky will clear
Wed, 18 April 2018
CW 989 - Jason van den Brand with Lenda, Online Financing Platform, NerdWallet's Best Mortgage Lenders 2018
Jason Hartman starts today's show with a discussion on how real estate investing is going to continue to get better and more efficient, technologically, how business ventures are easier than ever, and how amazing the US real estate market really is.
Then Jason talks with Jason van den Brand, CEO & Co-Founder at Lenda, an online mortgage platform. The two of them discuss the current status of the mortgage market, what kind of easing or tightening we might see in the near future, how Lenda is able to cut fees in the lending process, how to get a rate quote, and more.
[3:43] Know that things are only going to get better when it comes to technology helping us make things more efficient
[7:16] The adoption/absorption rate of technology is amazing
[10:54] Starting a business is easier and cheaper than it's ever been
[14:46] The US has a very special real estate market
Jason van den Brand Interview:
[17:20] What is Lenda?
[20:04] What Lenda is expecting to happen in the mortgage market this coming year
[24:35] The loans that are available through Lenda
[29:20] What you need to do to get a rate quote
[32:37] Is mortgage regulation going to loosen in the near future?
[35:03] Does Lenda have the same fees as conventional lenders or do they differ?
Mon, 16 April 2018
CW 988 - SECRECY WORLD, Inside the Panama Papers Investigation of Illicit Money Networks & the Global Elite by Jake Bernstein
Jason Hartman does this episode from the US territory of Puerto Rico, where he's spent a few days seeing if he wants to live in this tax haven. The thing about Puerto Rico, however, is that while it might be a place with low tax, it's not a place with low real estate prices.
Then, Jason talks with Jake Bernstein, author of Secrecy World: Inside the Panama Papers Investigation of Illicit Money Networks and the Global Elite, about what the Panama papers are, why they're important, and what kind of impact we should expect to feel from the fallout.
Want to know why tax revenues are low, how governmental agencies have been paying spies for years, or more on the Rothchild family? Listen in to learn how the Panama papers can help you find out.
[4:26] Puerto Rico real estate is NOT cheap
[6:46] Join Jason in Philadelphia for the Creating Wealth seminar
Jake Bernstein Interview:
[9:40] What are the Panama papers?
[13:36] Why do the Panama papers matter?
[17:53] Jake isn't as optimistic as Jason about how much money the new tax reform will repatriate
[20:59] Some of the scandals to be unearthed by the Panama papers
[25:19] The CIA & IRS' involvement in the Panama papers
[30:45] Is the Rothchild family in the Panama papers?