Creating Wealth Real Estate Investing with Jason Hartman

Today’s guest, Harry Dent is the author of multiple financial books designed to help you keep your wealth. Harry predicts an upcoming deflationary period followed by a huge debt bubble burst in the US. He wholeheartedly agrees with Jason and says the everyday house is where your money should be if you are a real estate investor. The uber rich and the Chinese will be the losers in this economic downturn and Wall Street will slide under 6000 and Shanghai will hit 1000. Harry says the market needs a cleansing because without it the markets will falsely re-inflate themselves for the sixth time. Hold on tight investors times they are a changin’.  

Key Takeaways:

Harry Dent Guest Interview:

[5:07] Something for nothing is an unattainable goal. You can’t just print free money!

[6:10] Why doesn’t the US have significant inflation with the exorbitant amount of money creation?

[7:48] In the US from 1983 to 2008, private debt peaked at 42 trillion. The debt had grown for 25 years at 2.5 times faster than the GDP!

[11:02] Banks create debt and then get free money. It will be painful, but necessary to deleverage the debt.  

[16:15] The everyday house is the best investment option when the bubble bursts.

[19:01] The uber rich will get slaughtered during the next debt bubble crisis.

[20:51] The wealthy Chinese will be are laundering money and buying US real estate.

[22:57] 240 million rural migrants are trapped in Chinese cities with no hope for the future.

[27:22] Fracking will be the next debt default in the US.

[28:45] Deflation is a sign a financial bubble is bursting.

[31:30] We are living in a Keynesian economy. We are addicted to financial drugs and we can’t kick the habit.

[33:12] Interest rates are going up for bonds and mortgage rate will come down.

Mentioned in This Episode:

Jason Hartman

Harry Dent

The Demographic Cliff

Direct download: CW_722_Harry_Dent.mp3
Category:general -- posted at: 9:30pm EDT

Joel Skousen is a survivalist author and retreat consultant. He’s the author of, “Strategic Relocation–North American Guide to Safe Places.” Skousen discusses how our world becoming less stable because of a coming shortage in commodities.

He then gives the best and easiest places to relocate to and how people can relocate if they have work or family ties. Last March, Joel walked away with just slight injuries from the crash of his Glasair kit plane. He shares that experience.

Key Takeaways:

(4:36) Introducing Joel Skousen
(7:17) On the derivatives markets
(12:32) The mechanism of hyperinflation
(21:02) Predictions for the economic future
(37:49) On the fake collapse of the Soviet Union
(42:49) Closing comments

Links

Find out more about Joel Skousen at www.joelskousen.com.
Also visit: www.worldaffairsbrief.com

 

Direct download: CW_721_FBF.mp3
Category:general -- posted at: 4:27pm EDT

During the introduction Jason breaks down the components of inflation, stagnation and deflation. He refers to a Business Insider article to demonstrate how the devaluing of the dollar is bad news for US global trading partners.

 

Human Behavior coach, Beverly Flaxington is Jason’s guest expert. She introduces her SHIFT Model from her best-selling Make Your Shift: The Five Most Powerful Moves You Can Make to Get Where YOU Want to Go and defines each of the five key step in the process. Beverly is the co-founder at The Collaborative, a practice management and business consulting firm, which helps corporate clients to add value to their business and to increase productivity in their employees.   

 

Key Takeaways:

[2:00] Delayed gratification is a key to success in life and in real estate investing.

[4:56] A Business Insider article tackles inflation, 7 Things You Could Buy For $1 in 1950.  

 

Beverly Flaxington Guest Interview:

[16:01] Beverly’s professional journey of bridging the gap between her financial career and her interest in human behavior.

[17:44] People get overwhelmed by the amount of information out there so Beverly chunked it down to 5 steps in her SHIFT Model.  

[20:02] S: Specify the desired outcome.

[24:16] H: Highlight the obstacles and categorize them.

[25:40] I: Identify the human factor

[27:34] F: Find the Alternative

[28:44] T: Take the disciplined action

[31:04] Beverly shares an executive tip to prioritize a to-do list.

[32:17] Humans have a misperception that communication comes naturally.

[33:15] Contact information for Beverly Flaxington

Mentioned in This Episode:

Jason Hartman

Register for the Software and Buying Event

The Collaborative

Direct download: CW_720_Beverly_Flaxington.mp3
Category:general -- posted at: 1:54pm EDT

In the first half of today’s episode Jason debunks Peter Schiff’s theory on China’s Great Decoupling. A Business Insider article breaks down the Chinese class system and outlines each class by its income level. And today’s guest, David Merrill of Nationwide Eviction Services shares the benefits of his company’s software platform. The software allows investors who self-manage their properties to pay a small fee to file an eviction from anywhere, on-line. The company’s comprehensive website includes a calculator that can formulate a price per eviction in any state by entering a property’s zip code.

Key Takeaways:

[1:20] Tenants need to uphold their contracts, if not landlords may need an eviction service.

[4:51] Debunking Peter Schiff's The Great Decoupling Theory.

[9:34] A few points about the Business Insider article which addresses China’s middle class.

[18:00] Global trade is good but the current US complex trade agreements are not good.  

[20:16] The 3 basic economic scenarios are inflation, deflation and stagnation.

 

David Merrill Guest Interview:

[23:34] A software solution to the age old problem of eviction.

[26:00] Roughly, what are the costs for an eviction plus court costs in different areas of the country?

[28:59] An eviction is a two-part process, if you plan on recovering your funds.

[31:43] Which states have landlord friendly or landlord unfriendly markets?

[35:08] Smart Eviction Technology is a standardized form which adapts to the differences in local markets.

[37:25] People should standardize all of their collection efforts on all of their properties.

[39:31] Keep the lines of communication open. It pays to work with your renters before starting the eviction process  

[44:25] An online calculator shows which areas are more landlord friendly or tenant friendly based on cost per zip code.

[48:12] Contact information for David Merrill and his closing thoughts.  

 

Mentioned in This Episode:

Jason Hartman

Hartman Education

Venture Alliance Mastermind  

Nationwide Eviction

Direct download: CW_719_David_Merril.mp3
Category:general -- posted at: 9:02pm EDT

The sharers, or those who participate in the sharing economy, are many. They are a huge untapped segment of opportunity for real estate investors. Jason summarizes Mike Willinger’s article, I Am a Sharer. Will the sharers create the next big real estate bubble Harry Dent cautions us about? And, taxes are the single largest expense in a person’s life. If you are a real estate income property investor or considering becoming one this episode is for you. Jason plays a comprehensive audio clip from Garrett Sutton’s book, Loopholes of Real Estate. Jason details and defines the important terms and identifies the caveats so you can be the most informed investor you can be.

Key Takeaways:

[1:47] Jason relays Mike Willinger’s article about sharers.

[9:08] Will there be a resurgence of suburbs? The autonomous vehicle may make them popular once again.

[11:08] Harry Dent is predicting a real estate bubble. The questions is which markets will be affected?

[13:30] The US has a rigged corporate media system.

[15:54] Who is your favorite tax preparer? Are they Enrolled Agents?

[18:26] Beginning of the audio clip from Garrett Sutton’s Loopholes of Real Estate.

[24:13] To qualify for the real estate professional tax incentive you must spend more time your real estate business than in any other business.

[31:12] Property Tracker software makes it easy for real estate professionals to track their time.

[33:40] The Property Fixer app can assist the professional property flipper.

[35:38] Upcoming events include the Venture Alliance in Seattle and the Software and Buying event in Phoenix.

Mentioned in This Episode:

Jason Hartman

Hartman Education

Venture Alliance Mastermind  

Real Estate Tools

Property Tracker Software

Corporate Direct

Suttlaw

Direct download: CW_717.mp3
Category:general -- posted at: 11:28pm EDT

September’s Software and Buying event in Phoenix will revolutionize the way income property is evaluated. From the online Property Tracker Software to the Property Evaluator and Property Fixer apps, all of these useful property tools will be showcased and demonstrated at the new event on September 10th and 11th. In addition to discussing technology, Presenter, Professor and Property Investor, Michelle joins Jason to discuss driverless technology, the new podcast Capitalism.com and the end of privatized prisons in the U.S.  

 

Key Takeaways:

[4:46] Uber will be giving rides in autonomous vehicles in Pittsburgh.  

[7:59] Using Uber or Lyft to transport kids to various activities around town.

[13:26] The 3 primary rules of real estate are location, location, location but driverless technology may change the rules.

[14:22] The Capitalism.com podcast is a passion project to save capitalism for Generation Y.

[15:51] Michelle will be teaching part of the software course at the Phoenix event.

[17:45] The Evaluator app will assist investors with evaluating properties by filling in the gaps of pro formas.

[21:29] Property Tracker online software is designed for managing your portfolio once you have purchased it.

[22:28] The Property Fixer app is for analyzing property flips.

[23:07] During the Software and Buying Event available properties will be evaluated using the new software.

[25:10] Two 5-star iTunes reviews for the Creating Wealth podcast.

[26:56] The Business Insider article about private prisons.  

[31:19] The Venture Alliance Weekend is on Labor Day weekend in Seattle.

 

Mentioned in This Episode:

Jason Hartman

Jason Hartman Events

Property Tracker

Property Evaluator app

Property Fixer   

Direct download: CW_716_.mp3
Category:general -- posted at: 2:03pm EDT

Jason Hartman takes a unique middle ground on the Occupy Wall Street protests since Wall Street doesn’t represent capitalism as the right-wing media would have us believe while the left-wing media who supports big government and big unions doesn’t represent capitalism either. Both sides are promoting a fairy tale.

A recent Facebook post sums it up fairly well: This whole issue really isn’t that simple. I assume that most of the protesters are clueless folks who need haircuts; however, so is the conservative media (that I mostly agree with) in saying that Wall Street represents “capitalism” – nothing could be further from the truth, Wall Street, banks and mega-corporations are mostly ANTI-CAPITALISM in that they are playing a rigged game with lobbyists, government cronyism and insider dealings at every level. They use lawyers, accountants and PR firms to commit their crimes. There is very little capitalism on Wall Street.

If you’re looking for capitalism, look at Main Street, where small business operates under far too much government interference. Jason discusses the powerful “Qualified Written Request” (QWR) letter and how it can be a tool for loan modification, short sale, deed-in-leiu of foreclosure and foreclosure litigation.

You’ll also hear a short article from Jason’s newsletter, The Financial Freedom Report, on that all to upsetting topic of “Too Big to Fail.”

Direct download: CW_715_FBF.mp3
Category:general -- posted at: 7:47pm EDT

Jason and Fernando discuss the exodus by the wealthy, from the social republic of California, to states which have no income tax requirements. Will Scottsdale Arizona be the new landing pad due to its highly-ranked school systems, low cost of living and year-round climate friendliness? If you want to find out more about properties in Scottsdale just use your new Real Estate Tools app. What? You don’t have it yet? Then you should sign up for the upcoming event in Phoenix where the app will be unveiled. This special event on September 10th & 11th includes property presentations from Local Market Specialists and opportunities to buy properties.

 

Key Takeaways:

[1:34] Fernando changed jobs, states and lowered all of his costs.

[5:24] The school system in Arizona boast 6 of the top 20 high schools in the US.

[9:35] Why is Fernando’s cost of living important to him?

[13:26] There is no money in home equity!

[15:07] Kiva microfinancing has a matching donor program. It’s a win-win.

[20:37] Refi-till-ya-die has a flaw. If a property's appreciation has exceeded expectations it’s ok you can still perform a 1031 exchange.

[28:28] Linear markets have growth potential in addition to their rental income.

[30:36] The Property Tracker Software is made for income property investors. 

[32:55] Investors can meet Local Market Specialists at the Buying Event.

 

Mentioned in This Episode:

Jason Hartman

Venture Alliance Mastermind

Real Estate Tools

Property Evaluator

Kiva: Loans that Save Lives

Direct download: CW_714.mp3
Category:general -- posted at: 3:51pm EDT

Will mobility be the most important aspect of the real estate market of the future? Jason shares an audio clip from Grant Cardone on why he advises investors to buy rental properties for the mobile workforce. Guest Chuck Dixon is a well-known, freelance graphic novel writer who has worked on the Batman series for 11 years for DC, adapted the Hobbit to a comic and adapted the new book Clinton Cash: The Untold Story of How and Why Foreign Governments and Businesses Helped Make Bill and Hillary Rich with hopes of disseminating the information to an entirely new audience. Jason and Chuck talk politics, journalism or the lack of it and conspiracy theories. 

 

Key Takeaways:

[3:18] Jet programs give you access to charter flights through executive airports.

[9:00] The Trump hotel in Las Vegas has a very diverse staff.

[12:14] Grant Cardone audio clip on mobility.

[14:35] A trailer for Clinton Cash

[17:16] The Software and Buying Event in Phoenix on Sept. 10th & 11th is filling up quickly and Labor Day weekend is the Venture Alliance Mastermind.

 

Chuck Dixon Guest Interview:

[18:39] Peter Schweizer’s Clinton Cash was adapted into a comic book by Chuck Dixon so the information could reach a wider audience.

[20:21] The Clintons have patterns of behavior which do not bode well for democracy.

[22:46] No one will come forward to rat on the Clintons because they reward loyalty.

[24:47] The Clinton’s relationship with Vladimir Putin allowed Russia to have holdings in uranium mining in the US.

[32:11] Chuck has always wanted to be in comics and spent 11 years doing Batman books for DC Comics.

[36:51] Chuck was required to prove that the characters in his comic book actually represented real things said by the Clintons. 

[40:27] Real journalism in non-existent in the US today.

[45:49] Contact information for Chuck Dixon.

 

Mentioned in This Episode:

Jason Hartman

The Software and Buying Event

Venture Alliance Mastermind

Clinton Cash: The Untold Story of How and Why Foreign Governments and Businesses Helped Make Bill and Hillary Rich

Chuck Dixon on Facebook

Hartman Media

Direct download: CW_713.mp3
Category:general -- posted at: 8:42pm EDT

Jason Hartman talks with investment counselor, Sara, about investor psychology, overcoming obstacles and getting out of our own way.  The smoke-and-mirrors propaganda perpetuated by mainstream media (lamestream media as Sarah Palin says) in reporting the new high in the Dow Jones Industrial Average (DJIA).  

They almost always fail to distinguish between nominal dollars and real dollars.  Jason illustrates how investors have actually lost money in inflation adjusted dollars and how the Dow has to increase a lot more before investors break even based on the two peaks.  This lie is even worse when one considers how inflation is underreported in the consumer price index (CPI and CPI-U) due to weighting, substitution and hedonics (the hedonic index).  Another misrepresentation is the ‘core rate’ or ‘core inflation’ which strips out food and energy because they’re too volatile.  Jason shares some interesting data from ZeroHedge.com.

Direct download: CW_712_FBF.mp3
Category:general -- posted at: 7:08pm EDT