Today's Flash Back Friday comes from Episode 858, originally purchased in July 2017.

Captain Gary Pinkerton joins Jason to share his story of how investing in income property gave him financial freedom and he describes how he used a life insurance policy to fund his investments. Later in the show, Jason and Gary answer listener questions about self-management, markets and taxes received as part of the Apple Airpod contest.

Key Takeaways:

[01:59] A few things you probably didn't know about submarines.

[05:09] Gary shares the most important lessons he has learned about income property investing.

[08:50] Leveraging prudent debt and getting credit for the appreciation is a 20% ROI.

[12:47] Gary wanted to go to work and make money on his own terms.

[16:51] Increase the efficiency of your properties by funding them in a different way.

[23:26] Looking at the benefits of using a life insurance policy to fund your investments.

[29:00] Self-managing income properties may give your tenants a better experience so they inhabit your property longer.

[32:23] Juan wants to know how to find the best property management company and how to set up his tax structure.

Mentioned in This Episode:

Jason Hartman

Property Tracker

Be Your Bank

Jason Hartman talks with Walter E Williams, Professor of Economics at George Mason University and author of American Contempt for Liberty, about what is going on in our society today. America has become a country of people who hate liberty and want to take from others to give to themselves or others who they deem need it more. There seems to be an unwillingness to accept that people earn more than others and thinking that the government needs to step in and play a role. Walter explains to Jason how we can solve our problems by telling the government to get out of the way more than telling them to help.

Key Takeaways:

[2:34] Make sure you're investing in things that make sense THE DAY YOU BUY THEM

Walter E Williams Interview:

[7:46] Do United States citizens really have contempt for liberty?

[13:41] Has the Trump administration turned the tide at all?

[17:03] Is a wealth tax fair?

[21:51] Politicians are doing exactly what we elect them to do

[27:05] The only way we're going to solve our nation's problems

Website:

www.JasonHartman.com/Cruise

www.WalterEWilliams.com

Jason Hartman begins today's show discussing the ongoing phenomenon on Wall Street of people investing so much money into IPOs when the company has proven that they don't have a business plan that works.

Then Jason talks with Phil DeMuth, co-author with Ben Stein of the book The Overtaxed Investor: Slash Your Tax Bill & Be A Tax Alpha Dog, about how investors can set themselves up for a lower tax bill. Phil and Jason also discuss the idea of investing in Opportunity Zones and why Phil is so passionate against the Secure Act.

Key Takeaways:

[2:20] There's a cottage industry spinning off of Airbnb of tech companies telling municipalities which properties are violating their ordinances

[8:39] The ridiculousness of the stock market and tech startups

Phil DeMuth Interview:

[13:55] How are investors being overtaxed?

[18:18] Generating tax liabilities by trading

[22:35] Make sure to put your growth asets in your taxable account

[26:14] Phil's thoughts on Opportunity Zones

[28:58] Why the debate over the Secure Act is important

Website:

www.JasonHartman.com/Cruise

www.PhilDeMuth.com

Jason Hartman and Adam start off today's show discussing the growth of rent and home values across the nation. They've both been going up, but at different speeds. So what does it mean for you?

Then Jason plays a clip from Garrett Sutton discussing what asset protection is NOT. It's easy enough to think about what asset protection can do for you, but it can't do everything.

Finally, Jason and in-house economist Thomas discuss the phenomenon of MMT, Modern Monetary Theory, and why they don't believe it's the great thing that many on the left believe it to be.

Key Takeaways:

[6:02] Rent growth and property value growth aren't moving in perfect sync

[9:39] There's new construction in Atlanta that is through an A provider team

[14:28] Take part in the latest contest Jason is having, because there are some great prizes

[17:36] What you need to do for the video contest

[22:50] Garrett Sutton's What Asset Protection Is NOT

[30:21] Does MMT say you can print money with no inflation?

[35:38] There are several things that would make MMT invalid

[38:18] MMTers are right that government spending happens before taxation

Website:

www.JasonHartman.com/Properties

www.CorporateDirect.com

Jason Hartman dives into the idea of negative interest rates and WHY they would happen and how people respond to them. Then he finishes off his analysis of Dan Kennedy's idea of the mass affluent and how the middle class has been (and continues to be) impacted by it in today's world.

Key Takeaways:

[2:50] Banks charging negative interest rates

[8:50] Negative interest rates are trying to bring future consumption to present day

[11:01] The middle class is disappearing, and there's a danger of sliding down the socioeconomic ladder if we don't grab hold and start pulling yourself up

[14:52] Inflation always hits the poor the hardest

[19:22] The poor and lower middle class are also targets for sectors like payday lending, which keep them down

[23:13] When new generations (like Millennials) can't enter the investor class early in life, it makes a MASSIVE difference over their lifetime

[26:57] Investing is a relative game

Website:

www.JasonHartman.com/Cruise

www.JasonHartman.com/Properties

Jason Hartman is excited to announce, with his Local Market Specialist, that there is once again property available in the Atlanta, GA market. Featuring all new construction, with cash-on-cash returns estimated to be around 10%, the Local Market Specialist was able to purchase an off-market land contract to control the neighborhood, including the HOA. All properties come with 2/10 warranties. Contact your Investment Counselor today to get hold of some of these limited properties.

Website:

www.JasonHartman.com/Contact

Visualization is an immensely powerful thing. What the mind can conceive and believe, the mind can achieve.

Because of the power of visualization, Jason went and found an expert who can help real estate investors get in the right mindset and, hopefully, set you on a path to an even better portfolio and life.

Today is the 12th installment of our guided visualization journey.

Website:

www.JasonHartman.com/Properties

Today's Flash Back Friday comes from Episode 848, originally published in June 2017.

Investment Counselor and Local Market Specialist Liaison, Carrie joins Jason to see if he can correctly predict the effect the rise in interest rates will have on the US economy. Jason reminds us the Feds don’t directly impact mortgage rates but by directly impacting short-term rates all rates will be affected. For those of you who have income properties, the higher interest rates will put upward pressure on rents.

Key Takeaways:

[09:13] What does the spike in interest rates mean for investors?

[15:27] Higher interest rates will put upward pressure on rents and lessen the concentration of wealth.

[19:37] Local Market Specialists and Investment Counselors are always working in the client's best interest.

Mentioned in This Episode:

Jason Hartman

Grant’s Interest Rate Observer

Venture Alliance Mastermind

Jason Hartman discusses the recently deceased Dan Kennedy's work relating to the marketing shift of businesses toward the middle class. Over the past few decades there has been a distinct hollowing out of the middle class, which has created a massive opportunity for real estate investors. This persists to this very day. Jason explores Dan's idea of when the shift occurred, how it's impacting our world, and whether it's something that politicians will ever deal with.

Key Takeaways:

[6:28] Post-World War 2 we saw marketing start being targeted at the middle class

[10:21] Median home listings and median home sale price is showing that higher priced homes just aren't selling right now

[22:24] Politicians tend to be friendliest to real estate because of the MASSIVE supply chain

Website:

www.JasonHartman.com/Properties

Jason Hartman talks with Matt Curtis, founder and CEO of Smart City Policy Group, about the state of short-term rentals in today's society. Matt explains why he thinks that no matter what people in power do, they won't be able to stop the movement that is short-term rentals. Matt also discusses what he expects for the market when the economy inevitably sinks into a downturn and people stop taking so many vacations, and why a societal shift is key to that.

Key Takeaways:

[8:29] Technology is leading us closer to a Jetsons like world

[11:07] Short-term rentals seem like they're going to win out over areas that are currently resisting

[14:21] It's not hard to see why some areas of the country are resistant to the idea of short-term rentals

[18:06] Are short-term rentals squeezing renters out of the higher end homes?

[22:28] Commercial mix-use multifamily seems to be an area that there's no qualms using for short-term rentals

[24:38] What happens to short-term rentals when the next recession hits?

Website:

www.SmartCityPolicyGroup.com

www.SmartCityPolicySummit.com