Creating Wealth Real Estate Investing with Jason Hartman

From the Fall Foliage cruise, Jason Hartman begins today's show discussing what we don't see when we look at successful people. We don't see the struggles they've dealt with on the way to the success we now see.

Then Jason talks with Spencer Burleigh, co-founder of www.RentTheBackyard.com. Spencer's company will build a unit on your land, list it online and split the rental profits with you 50/50 as long as you have an area at least 25' by 20' clear and you live in your home most of the year. Listen in as Jason and Spencer discuss the business model and how you can take advantage of it.

Key Takeaways:

[6:49] Anybody who is successful, we either don't realize or we forget that their success, but they've fought battles all the way

[13:10] A Nelson Mandela quote that you need to remember

Spencer Burleigh Interview:

[15:35] What problem is Rent the Backyard addressing?

[20:30] Rent the Backyard is able to create a second dwelling on the property without getting the land rezoned

[25:06] The stigma behind manufactured housing needs to go away, but it also needs to get cheaper

[28:38] The income side of Rent the Backyard's business model

Website:

www.RentTheBackyard.com

Direct download: CW_1302_Spencer_Burleigh.mp3
Category:general -- posted at: 5:15pm EDT

Today's Flash Back Friday comes from Episode 1019, originally published in June 2018.

Jason Hartman has a solo episode today as he explores some recent news stories and examines a few items of the day. Venturing all over the topics, Jason mulls over why it's pretty common for the most popular economists to have the worst economic ideas (a la Karl Marx) and why the best economic ideas have the most disliked economists. Which leads to the question, what stupid ideas are we as a society embracing today?

He also discusses the Supreme Court ruling that will somewhat level the field of retail as online retailers are now able to be taxed by the states, giving at least some form of a light at the end of the tunnel for retailers.

Other topics of the day include the cost of terrorist protection, technology vs inflation, preventing identity theft, and the potential beginning of the demise of a massively overvalued (in Jason's mind) company.

Key Takeaways:

[4:54] The economists who present the best economic views are not the most popular

[7:39] What totally stupid ideas are we embracing as a society today?

[13:08] One massively overvalued publicly traded company today

[16:39] The tax field was significantly leveled last week

[21:14] The battling forces of inflation and technology

[24:22] Why you need to shred EVERYTHING with a cross cut shredder

[26:45] If you can geoarbitrage, make a conscious choice to live in a higher quality location with a lower cost of living and low or no state income tax

[32:57] The demographics coming at the rental housing market in the next 10 years are nothing short of phenomenal

Website:

www.JasonHartman.com/Properties

Direct download: CW_1301_FBF_Jason_Hartman.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman begins today's show discussing some potential signs that inflation isn't currently a problem, his recent settlement he received from a landlord and what you can expect from business deals in today's environment.

Then, for our off-topic 10th show interview, Jason talks with Graham Hancock, author of the new book America Before: The Key to Earth's Lost Civilization, as well as the best selling book Fingerprints of the Gods: The Evidence for Earth's Lost Civilization, about why the Americas were probably settled long before we originally thought they were. The two also delve into the idea that past civilizations were much more advanced technologically than we give them credit for, their technology was just different from ours so we tend to discount it.

Key Takeaways:

[4:28] The Producer Price Index has fallen, which suggests inflation is tame

[6:35] Jason's recent settlement with a landlord

[11:12] When you get in a business deal, don't expect to be able to hold people accountable through the system

[14:19] Corporate pensions are underfunded and a huge risk to rely on

Graham Hancock Interview:

[19:15] A massive cataclysm struck the earth between 12,800 - 11,600 years ago

[22:38] It's distinctly possible that the lost civilization was advanced technologically, just in a different way than we currently are

[25:21] The Great Pyramid shows us that whoever built it had a complete knowledge of the size and nature of the Earth

[28:48] The problem with American archaeologists' Clovis First model

[33:45] It's human nature to not want to admit you were wrong, but in the end the evidence will force people to accept new theories that are shown to be correct

Website:

www.JasonHartmanLive.com

www.JasonHartman.com/Properties

www.GrahamHancock.com

Direct download: CW_1300_Graham_Hancock.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman discusses something he has talked about many times today, and that is the value of a dollar. To do so he breaks down a YouTube video by the Wall Street Journal that discusses inflation and what scares the Fed when it comes to it. Then Jason and Investment Counselor Carrie discuss her recent mini-property tour with investors and the upcoming property tour in Florida the day before Profits in Paradise.

Key Takeaways:

[4:37] Is capital or labor more important

[7:47] Low inflation or even deflation can have disasterous consequences

[12:59] When rates are low, more people take out credit, and credit is a phantom version of money supply

[17:32] Inflation arbitrage can't last forever

Jason & Carrie:

[23:43] How Carrie's mini-property tour went

[26:50] The Refi Til Ya Die plan in today's market

[31:15] We're in an environment where you can just ask your lender for a better interest rate and it can work without a refinance

[32:27] Inventory is finally starting to pick up

Website:

www.JasonHartmanLive.com

www.JasonHartman.com/Properties

Low Inflation Haunts the Fed: Here's Why | WSJ

Direct download: CW_1299_Carrie.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman and Investment Counselor Adam take today's episode to examine a real estate scam that is finally being investigated by the FTC that has been used to defraud untold number of people out of tens of thousands of dollars each. These criminals might finally be held accountable. After that Jason and Adam examine Dan Ariely's YouTube video about how to make money less abstract and why the idea of paying yourself first is so important. They then wrap up the episode with some great economic news for our tenants that neither side of the political aisle is talking about.

Key Takeaways:

[4:07] The FTC is examining alleged scams with TV stars from shows about flipping

[9:33] Be wary of free events

[13:20] How to compare your money

[16:22] Create your own hedonic values when it comes to your money

[18:18] Pay yourself first is an important concept for our lives

[20:55] The Pain of Paying concept

[27:40] The wage growth story that neither political party wants to take credit for

[31:27] The theory of anti-fragility

Website:

www.JasonHartmanLive.com

www.JasonHartman.com/Properties

Dan Ariely's Making Money Less Abstract

Direct download: CW_1298_Adam_Scams.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman and Investment Counselor Sara talk about some of the issues that clients are dealing with and considering in today's episode. With rates as low as they've been in years and the ability to refinance or get a line of credit at reasonable rates, what is an investor to do?

Key Takeaways:

[3:40] Non-refi interest rate reductions are happening, so don't be afraid to ask

[7:31] Refi a 30 year fixed rate or do a HELOC?

[12:17] A look back at "Go Zones" and what some of the problems were

[21:35] The current investor vibe

Website:

www.JasonHartmanLive.com

www.JasonHartman.com/Properties

Direct download: CW_1297_Sara.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman joins Investment Counselor Sara and one of the Florida market specialists to discuss the upcoming Profits in Paradise event and the Florida property tour the Friday before the event. Prior to the Great Recession, the network dealt exclusively with new construction. Now it's a rarity, but Florida (and Atlanta) is able to provide that right now. New construction allows for win-win-win situations between investors, developers, and tenants.

Website:

www.JasonHartmanLive.com

Direct download: CW_Bonus_Profits_In_Paradise.mp3
Category:general -- posted at: 11:33pm EDT

Today's Flash Back Friday comes from Episode 995, originally published in May 2018.

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.

Key Takeaways:

[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

Website:

www.JasonHartman.com/Events

Direct download: CW_1296_FBF_Muthiah.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman and investment counselor Adam take a look at some good news in today's economy. Home prices are expected to continue, mortgages are safer than ever, and jobs are increasing for all. They also look at some not so good news, from foreign money leaving the economy to the high income tax state apocalypse.

Key Takeaways:

[2:56] CoreLogic expects home price gains to accelerate through 2020 and mortgage rates are expected to stay below 4%

[7:53] Mortgage default risk continues to decrease

[11:43] Inflation in entertainment has been enormous, watch out for how pooled money asset companies use their money to pay for it

[17:10] The high income tax state apocalypse is underway

[21:23] Foreign money has helped push out middle class people

[27:02] Some great news on jobs

Website:

www.JasonHartmanLive.com

Direct download: CW_1295_Adam.mp3
Category:general -- posted at: 5:49pm EDT

Jason Hartman wants to remind everyone to slow down and notice the things around you in life. Before getting to the main interview, Jason reflects on a country song he almost didn't listen to this morning and how it made him do a little introspection.

Then Jason talks with Hernando De Soto, founder and President of the Institute for Liberty and Democracy and author of The Mystery of Capital:, about the elements of capitalism that are most important and how property rights are absolutely essential. They also discuss the growing sentiment toward socialism in the United States and what impact that could have.

Key Takeaways:

[6:12] Jason's lesson from a country song

[9:42] There will be an offering for tickets to the property tour on Friday before Profits in Paradise if you can only make that

Hernando de Soto Interview:

[12:56] The 5 mysteries of capital

[17:35] Capitalism is one of the few (if not only) systems that gives the lower classes a chance against the rich

[23:37] What we do as capitalists does not translate to what we do in politics

[28:11] The issue of equal opportunity for capital has to be addressed for capitalism to regain its popularity

Website:

www.ILD.org.pe

www.JasonHartmanLive.com

Direct download: CW_1294_Hernando_de_Soto.mp3
Category:general -- posted at: 5:00pm EDT