Creating Wealth Real Estate Investing with Jason Hartman

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