It’s unclear exactly why Memphis is a rental property owners dream investment city but it is. Vacancy rates are consistently 5% or less year over year. Even when people are qualified to purchase a property they insist on renting. Add to that the dynamic nature of this culture filled town and major distribution companies who do business there and you get a perfect bluesy mix of properties and opportunities for your next investment. 

Key Takeaways:

Jason’s Editorial:

[1:42] Chicago property tour 7/15 -7/17

[2:58] 3 cities now that Detroit is confirmed

[4:12] Voicemail from Roger about managing your property managers

[6:10] An entire episode on managing your manager coming

[6:40] Search Jasonhartman.com with the keyword property manager

[8:00] CNBC video - Rents rising and supply is constrained

[9:59] Let’s get in the game and take action

Ryan from Memphis:

[11:57] Invest in Memphis - it’s great for rental properties

[13:10] Is Memphis saturated with investors?

[13:48] Why you should love Memphis as a rental property buyer

[14:44] Vacancy rates are 5% or less

[16:00] The reasons tenants rent 

[17:03] Rent a nicer place than they can own 

[20:02] Society is changing towards not planting roots

[20:48] Time Magazine home ownership article

[22:56] People are looking for dynamic, cultured cities

[24:53] Different levels of property available in Memphis

[26:38] The evaluation process for finding properties

[29:12] The government assisted housing dilemma

[32:00] The benefits of a section 8 housing tenant

[34:45] Ryan’s unique selling proposition

[36:24] When choosing which markets are best, Memphis is growing

Mentions:

La Banque - Chicago hotel of choice - $131 per night - (708) 798-6000

Jasonhartman.com

Memphis Housing Authority

A good business is one that cannot be outsourced and people will always need a place to live. This is why Jason focuses on income properties when recommending creative wealth strategies for you. He keeps abreast of interest rates, taxes and credit based assets so he can help you achieve the financial future you deserve. Jason’s guest Mark Kohler CPA  just completed his third book and offers 28 tips for tax planning and asset protection. He talks about S corps, LLC’s and Obamacare. He wants everyone to have an exit plan for their life through a versatile revocable living trust because as much as you may not want to admit it we are all mortal. 

Key Takeaways:

Jason’s Editorial:

[1:25] Teaching a great real estate course

[2:26] Monetary and fiscal policy definitions

[3:42] Real estate and income property differences

[4:29] The easiest type of real estate to own is a parking lot

[6:00] Real estate in the average U.S. city is 40% parking

[7:32] Financial Independence Day Counseling

[7:54] Chicago and Grand Rapids property tour

[8:33] Self driving cars could eliminate parking needs

[9:42] Credit based appreciation

[10:04] Interest rates and the math of relativity

[10:56] Find a mortgage calculator and do this math 

[12:11] The golden opportunity of low interest rates

[12:54] If the money supply declines credit based assets are affected more

[13:35] Inflation induced debt destruction

[14:12] Multiple tax advantages

[15:04] Learn about land contracts

Mark Kohler interview:

[16:45] 28 game changing strategies for tax and asset protection

[17:10] The first book was about people who get taken advantage of

[17:30] The second book was a story

[18:00] The 3rd book brings it all together

[18:45] 3 Tips for planning

[19:30] Know the difference between ordinary income and passive income

[23:00] A real life example of Obamacare related requirements

[24:14] The 3 costs related to Obamacare

[25:00] Income property is a proven tax favored asset class

[25:50] Healthcare strategies

[26:45] The solution is the S corporation for multiple sources of income

[28:24] LLC do not save taxes

[29:17] The Kohler Payroll Matrix

[30:37] You do not need an LLC for every rental

[32:16] Know your properties and find a balance

[35:10] Register as a foreign LLC in every state that you have property

[36:44] Don’t forget about the legal and tax planning that needs to be done

[37:32] How do these things fit into your estate plan? 

[38:52] Revocable Living Trust

[42:20] A real life “Do not resuscitate” experience 

Mentions:

Financial Independence Program 

Chicago/Grand Rapids Property Tour 

Uber

Lyft

Lawyers are Liars

The Tax and Legal Playbook 

MarkJKohler.com

Join Jason Hartman as he talks with guest, Steve H. Murdock, former Census Bureau Director and current Professor of Sociology at Rice University in Texas, about the demographic shift taking place in the U.S. today .  The face of Texas has been shifting dramatically, not just from immigration, but in-migration and natural increase.  Steve argues that the Texas of today is the U.S. of tomorrow. 

Steve and Jason discuss the changes in population, as well as the factors influencing these changes, and the potential effect of this current demographic shift throughout our country.

Steve H. Murdock is the Allyn R. and Gladys M. Cline Professor of Sociology at Rice University. He previously served as Director of the U.S. Bureau of the Census having been nominated for the position by President Bush and unanimously confirmed by the U.S. Senate in 2007 and serving until the change in administration in January of 2009. Prior to his appointment at Rice, he was the Lutcher Brown Distinguished Chair in Demography and Organization Studies at the University of Texas at San Antonio (UTSA) and the Director of the Institute for Demographic and Socioeconomic Research.  Before UTSA, Murdock was a Regents Professor and Head of the Department of Rural Sociology at Texas A&M University.  He was also the official State Demographer of Texas.  He was appointed to this position by Governor Rick Perry and was the first person to occupy this position. Dr. Murdock earned his Ph.D. in demography and sociology from the University of Kentucky and is the author or editor of 13 books and more than 150 articles and technical reports on the implications of current and future demographic and socioeconomic change. 

He is the recipient of numerous honors and awards. These include the Faculty Distinguished Achievement Award in Research from Texas A&M University, the Excellence in Research Award and the Outstanding Rural Sociologist Award from the Rural Sociological Society, The Distinguished Alumni Award from North Dakota State University and the Distinguished Alumni Award from the Department of Sociology at the University of Kentucky.  He was named one of the fifty most influential Texans by Texas Business in 1997 and as one of the twenty-five most influential persons in Texas by Texas Monthly in 2005.  He is a member of the Phi Beta Kappa, Phi Kappa Phi, and Phi Eta Epsilon national honor societies.

The debt crisis in Greece is proof that Socialism doesn’t work. Can you imagine camping out in front of an ATM only to be turned away? We need to be responsible. Socialism has never worked. Investing in long term, stable rental properties is the proper way to create and grow wealth. Make a decision on a material fact with us. Should the family have been notified about a stalker before they bought a house? And we go way back to the 1970’s when Jimmy Carter warned that the world’s oil was almost gone and the U.S. should invest in new technologies. Is the oil gone and do new energy sources have environmental sins of their own?

Key Takeaways: 

Jason’s Editorial:

[1:33] Thanks Mandy M. for the feedback! It’s appreciated. 

[2:19] Tell the world what you think and give us a review on iTunes

[2:43] The epic Socialist disaster - Greece

[4:14] You can’t use Scandinavia as an example of Socialism working

[6:40] Chicago/Grand Rapids Property Tour 

[8:37] On the 3rd day we are going to Detroit, possibly

[9:44] What is a material fact?

[10:55] The creepy “watcher” oddball story

[14:27] Money back + interest? Is that fair?

[14:57] Specific performance ruling

[15:57] Factor in the opportunity cost 

[21:45] Does this fit into the mold of material fact?

[22:16] Use the voicemail function folks! 

[23:29] Good old Jimmy Carter - The Malthusian Concept

[25:19] The evil United States? Is our consumption of oil really evil? 

[26:26] New energy sources create their own set of problems

[27:47] People are a wonderful resource 

[28:37] Japan was built on work ethic and intellect

Guest interview:

Mark Kohler of KKOS interview is being moved to another episode. 

Mentions:

In Greece it’s not over even when an old lady faints at the ATM

Lawsuit: Bring me young blood

Leave us a voicemail today! 

Jason Hartman