Jason Hartman and Drew do a small client case study about his journey of self-management, then move into the finale of Jason's examination of Kyle Bass' speech about China. Finally, Jason and Drew explain how Commandment #3 (Thou Shalt Maintain Control) and Tesla's current situation go together, as the company continues to make some poor business decisions and hemmorage money.

Key Takeaways:

[2:50] Drew's new roof on his Indianapolis home

[9:54] When you self-manage, your tenant is part of your team

[13:59] Is self-managing really worth it to Drew or is he doing menial work that's not worth it?

[15:52] Revisiting Kyle Bass' speech

[23:06] How Commandment #3 and Tesla mix

[27:03] Tesla is getting dumb money and pillaging it

[30:29] In real estate you can fire someone and get another person to do the same job. With big companies like Tesla, you fire Elon Musk and the company's in trouble

Website:

www.JasonHartman.com/Cruise

www.JasonHartman.com/Properties

Jason Hartman and Adam start today's episode by answering a listener question from Amina, who wants to know what her options are after she maxes out her Fannie Mae and Freddie Mac loans. Surely there are options out there, but what are they?

Then Jason has a client case study with David Nelson, who, along with his wife, has amassed a real estate portfolio that has allowed her to retire early to focus on their holdings. David discusses how his cockiness led him into a bad deal, why continual education is important and where his journey is heading.

Key Takeaways:

[5:15] Listener Question from Amina: what do you do after you max out your Fannie Mae/Freddie Mac loans?

[10:34] If you're wanting to cruise to Grand Cayman, Jamaica and Cuba you need to sign up soon!

David Nelson Client Case Study:

[17:19] David started getting cocky investing in 2016 and didn't pay enough attention to his inspection

[20:24] Jason's group doesn't do any one off deals

[24:28] How self-management has gone for David so far

[29:18] When you combine education with action you can accomplish nearly anything

[33:01] Why being 80% in on one asset class isn't necessarily a mistake

Website:

www.JasonHartman.com/Cruise

www.JasonHartman.com/Ask

Jason Hartman and Adam use today's episode to discuss some important information about rental rates vs income growth, answer listener questions and what Mark Zuckerberg's college roommate thinks about him.

Key Takeaways:

[3:29] Rents have been rising faster than incomes in most of the United States

[7:56] Investing in a prudent market with lots of government jobs could be helpful for rents not decreasing

[13:31] Would real estate investing make sense if another Depression hit the US?

[23:36] Population decline can be devastating for real estate investors

[29:06] Once big tech companies get their funding they start to lose their touch with the people

Websites:

www.JasonHartman.com/Cruise

www.JasonHartman.com/Ask

Jason Hartman's Amazon Flash Briefing

Today's Flash Back Friday comes from Episode 872, originally published in August 2017.

Jason welcomes Patrick Donohoe of The Wealth Standard Podcast to discuss the dirty details of pensions, insurance policies and Ponzi schemes. Jason describes the difficulties and common mistakes average retail investors make when investing in financial services. And, Pat gives a comprehensive overview of how to make the most of your existing policies in order to invest your money in the most historically-proven asset class, income property.

Key Takeaways:

[02:25] Is the US a giant Ponzi scheme?

[05:31] Understanding the difference between pension benefit plans and contribution plans is essential.

[15:15] The financial service industry preys on retail investors.

[20:49] Harry Markopolos is waiting to capitalize on a market correction.

[27:09] Analyzing the patterns and mistakes of the middle-class investor.

[35:27] The Wealth Standard Podcast focuses on helping individuals understand the comprehensive nature of the economy.

[37:49] Pat explains how policyholders can reduce their risk and get investment money for cash-flow properties.

Mentioned in This Episode:

Be Your Bank

The Wealth Standard

The Wizard of Lies

401K Jail Article

Venture Alliance Mastermind

Jason Hartman and Adam start off today's show talking about the topic of the news today: Trump's billion dollar "loss" over a 10 year period. What the media fails to mention throughout the whole thing is that he didn't actually LOSE any of that money, he simply had massive deductions thanks to the beauty of real estate phantom deductions.

Then Jason talks with Steve Jones, CEO of Allied Universal and author of the book No Off Season: The Constant Pursuit of More, about how his career in sports translated into business success. Steve and Jason look at the various skills learned in sports and how can each be applied to the business world, whether you're an employee or employer.

Key Takeaways:

[2:55] People are horribly off target thinking Trump is a "Billion Dollar Loser"

[5:21] Real estate deductions run on a depreciation schedule

[9:37] Real estate offers you a tax deduction you can't get any other way

[11:44] How property tax states are able to increase their revenue through land value

Steve Jones Interview:

[18:16] Your ability to overcome obstacles is going to make or break your success

[21:05] Sports teaches you how to work as a team

[24:10] Some techniques on how to keep the team cohesive when dealing with adversity

[27:49] With no action steps in place you only have a dream, not a plan

Website:

www.AUS.com

www.JasonHartman.com/Properties

Jason Hartman wraps up his talk with Drew from yesterday, as the two leave the topic of self-management and delve into more economic lines of conversation. Jason brings up a recent Peter Schiff tweet and the two dissect whether it holds water in today's environment, as well as discussing how articially low interest rates are impacting the investing landscape we see today. They also discuss a different way to look at the rents you're collecting from your tenants in a way that makes it even more powerful than it looks at first glance.

Key Takeaways:

[3:01] If falling consumer prices have been good for the last 100 years, why does the Fed think they're bad now?

[6:25] The artificially low interest rates are encouraging bad investments

[10:24] Who's going to get hit hardest in the next recession?

[14:10] Targeted advertising is keeping us from seeing a large chunk of the world today

[19:54] It's important to hold yourself accountable the same way you hold your tenants accountable when dealing with your investment properties

[23:57] Your tenants are working 33-40% of their work life just to pay you

Website:

www.JasonHartman.com/Properties

Jason Hartman talks with client Drew Baker in part 1 of their interview about the new developments in Drew's journey in self-management. Drew gives Jason a rundown on how he deals with lease renewals, some of the repairs he's doing to his properties in order to retain his tenants, and what software he's using to keep track of it all. Jason also gives Drew a little bit of advice on how he may be able to accelerate his depreciation in a cost effective manner.

Key Takeaways:

[5:15] The one type of pollution that China doesn't have, that America has PLENTY of, is noise pollution

[10:35] An update on Drew's self-management process

[13:38] Cost segregation studies have become reasonably priced for single-family homes and could well be worth the cost

[18:29] Drew tries to get his leases to come up for renewal in the warmer months, as well as signing a 2 year lease

[22:00] Drew's approach to lease renewals

Website:

www.JasonHartman.com/Properties

Jason Hartman takes today's show to go over his thoughts on J. Kyle Bass's speech from the recent CPDC Conference about China. As the second largest economy in the world, China carries a lot of weight, claiming to have around 15% of the world's GDP. But a closer look at the numbers gives us a sense that it might not actually be true. There are dangers lurking in the China economy that could lead to some bad events.

Then Adam talks with Graham, one of the mortgage lenders with the network, about what interest rates investors can be expecting this month.

Key Takeaways:

[3:13] China claims to have 15% of the world's GDP, but there's little to prove that's true

[5:49] Jason used to listen to the doomsayers, but it's not going to happen with such a demand for dollars

[9:47] Endowments don't invest in the greatest things, but it's not a problem that should be that difficult to solve

[16:12] The dangers present in China in their banking sector

[19:16] Hong Kong is the most expensive real estate in the world, at $10,000 per square foot

Adam's Mortgage Update:

[23:43] We're seeing investment mortgage rates in the low-mid 5s

[27:05] What will happen if the Fed decides to cut rates this year?

Website:

www.JasonHartman.com/Properties

J Kyle Bass's Speec at CPDC Conference

Today's Flash Back Friday comes from Episode 363, originally published in February 2014.

"The Cow Guy" Scott Shellady is the Senior Vice President of Derivatives at the Trean Group. He joins the show to discuss where people should start when investing in tangible assets.

Shellady believes in SWAGER for investing, standing for Silver, Wine, Art, Gold, Energy and Real Estate. He thinks SWAGER investments are a good choice for current investors. 

The topic then shifts to how boomers can prepare for retirement. Shellady explains the most common mistakes baby boomers make with their finances and what they do if they were laid off or fired during the recession to protect their retirement.

Website:

www.TreanGroup.com

www.Twitter.com/ScottTheCowGuy

Jason Hartman brings this episode to you from China, where he has seen the impact of the rising middle class. While it may seem to be a world away, the growth in construction in China is impacting the cost of construction here in the United States as well.

Then Jason talks with Anna Myers, Vice President of Grocapitus, about how to analyze deals, specifically for multifamily. Anna's group is all about finding the right deals in the right market, and she talks with Jason about which markets are looking good and which are past their peak, along with why the demographics for real estate investors is still incredibly bullish.

Key Takeaways:

[3:28] The Chinese surveillance state is rampant and the country seems very wary of terrorism

[7:04] The rising middle class in China has led to a large amount of higher end stores

[10:31] All buildings are made from the same materials, so when there's a building boom in China it impacts builders everywhere

Anna Myers Interview:

[13:08] What is Anna's definition of "data driven real estate investing"?

[18:23] How can you know when the supply of starts is going to meet the demand for jobs?

[21:51] Things you need to be looking for at the neighborhood level of your market

[27:36] Anna's team is looking at approximately 80 markets a quarter

[31:28] What kind of properties does Anna have in her portfolio?

[33:47] The stigma of renting is gone as Millennials and Baby Boomers are now renting

Website:

www.JasonHartman.com/Properties

www.Grocapitus.com

www.MultiFamilyU.com