Creating Wealth Real Estate Investing with Jason Hartman

Clients are making the most out of the great interest rates available and gobbling up all the available properties. Jason and Oliver celebrate some of the clients who are excelling at investing in income properties (the most historically proven asset class) and some who are using their self-directed IRA’s to make the most of their retirement accounts. Jason shares how to manage your property managers and simple, but effective, tips and tricks to make your properties bulletproof from a rental standpoint.

 

Key Takeaways:

[4:08] We are raffling off free tickets to the Phoenix event.

[6:01] Oliver’s clients, Mary Ellen & Guy came to the Florida Property Tour and then bought 9 properties in 9 months.

[12:07] Scott from Birmingham, AL has purchased 8 properties in 1.5 months and Tomas he has purchased 7 homes recently!

[16:21] Margaret contracted a property during the Ohio Property Tour.

[18:08] Nick and Denise used their self-directed IRA to purchase a Chicago property.

[19:05] Michelle will be teaching part of our software event and is closing on some properties.

[20:15] Michael and Michelle have purchased 1 property a month using the great interest rates available.

[21:13] Adam, David and Greg all have contracted for great deals within the last 7 months.

[23:23] Raising rents, make-readies and low vacancy rates.

[29:03] Real estate investors should manage their own properties or manage their property managers. 

[33:32] Bulletproof your properties by painting with a low-sheen or eggshell finish and by putting hard surface floors in your rentals.

 

Mentioned in This Episode:

Jason Hartman

Win Free Tickets to the Phoenix, AZ Software Event

Direct download: CW_711.mp3
Category:general -- posted at: 4:47pm EDT

Bruce Weinstein Ph.D. is the President and CEO of The Ethics Guy. He is a contributor to Bloomberg Businessweek Management blog and Fortune Magazine’s Leadership Channel online. He became enamored with Plato’s Republic, especially Plato’s allegory of the cave which led him down the path of philosophy. Today, Bruce helps people determine which qualities they should develop for their careers, companies to test the character of possible employees and employees to align their goals with their company’s mission statement and core values. He is the author of several books including Ethical Intelligence: 5 Principles for Untangling Your Toughest Problems at Work and Beyond and The Good Ones: 10 Crucial Qualities of High Character Employees

 

Key Takeaways:

Jason’s Editorial:

[3:16] Jason summarizes the concepts of Steven Covey’s character ethic and the personality ethic.

[10:38] A long time ago, your individual code of ethics could give you a long-term, sustainable business today but not today. 

[12:29] Information about the Software event and the Venture Alliance trips in September.

 

Dr. Bruce Weinstein Guest Episode:

[15:57] Bruce was blown away by how dramatic and entertaining philosophy was when reading Plato’s Republic that he decided to make his career in it.

[19:53] Bruce’s opinion about the business world and whether it is it more or less ethical than 20 or 30 years ago?

[24:14] What are the are two approaches to doing ethics in a person’s life?

[29:33] A CEO told 60 minutes last year, businesses hire for competence but fire for character.

[31:33] Bruce’s new book, Ethical Intelligence includes tips for evaluating a person’s character: during an interview.

[37:32] Do large companies value ethics beyond the legal requirements?

[39:50] Successfully multi-tasking at more than one thing at a time is a technology driven myth.

[47:22] Send Bruce Weinstein an email describing what you believe to be the most important quality of an employee is will receive a free audio book.

 

Mentioned in This Episode:

Jason Hartman

Jason Hartman Events

Venture Alliance Mastermind

The Ethics Guy

Ethical Intelligence: Five Principles for Untangling Your Toughest Problems at Work and Beyond

Direct download: CW2071020Bruce20Weinstein20-20Ethics.mp3
Category:general -- posted at: 9:03pm 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_709_FBF.mp3
Category:general -- posted at: 1:00pm EDT

Jason tackles a listener question of possible issues of the practice of Refi ‘Til Ya Die and shares information about the upcoming Income Property Software and Buying Event and the next Venture Alliance Mastermind trip. Guest Christian Stadler is a Professor of Strategic Management at the Warwick School of Business, strategy contributor to Forbes magazine and is author of the book Enduring Success: What We Can Learn from the History of Outstanding Corporations. He offers his thoughts and insights about the perception vs. reality of Brexit, immigration and Jason’s second favorite subject, the self-driving car.

It’s an amazing time to be alive.

 

Key Takeaways:

[1:44] How Silicon Valley banks are offering new hires 100% mortgages in just 24 hours.

[4:38] A listener questions the practice of Refi ‘Til Ya Die. 

[11:09] Information on the Income Property Software and Buying Event and the Venture Alliance Mastermind Event

 

Christian Stadler Guest Interview:

[14:08] Economists agree that Brexit is not a good economic idea, here’s why. 

[19:04] It could also be more difficult more difficult to battle terrorism with open borders.

[27:39] Current political positions are considerably right compared to the former government.

[29:08] Immigration is still considered a good thing for the country who accepts the immigrants.

[35:03] Poor immigrants can understand markets and create products that others don’t.

[36:16] Talking points of the possible benefits of the self-driving car. 

[41:31] Contact information for Christian Stadler.

 

Mentioned in This Episode:

Jason Hartman

Jason’s Refi ‘Til Ya Die Refresher Podcast

Jason Hartman Events

Venture Alliance Mastermind

Christian Stadler

Direct download: CW_708_Christian_Stadler.mp3
Category:general -- posted at: 5:19pm EDT

Dr. Thomas DiLorenzo is a Professor of Economics at Loyola University Maryland Sellinger School of Business, a Senior Fellow at Mises Institute, a columnist for Lew Rockwell  and author of the new book, The Problem with Socialism. He joins Jason to discuss the problems Socialism creates for the poor and shares examples of how Socialism has failed other countries around the globe.

Early bird pricing for our new event, Learn How to Use Software to Be a Better Real Estate Investor, is now available through the events section of jasonhartman.com!

 

Key Takeaways:

Jason’s Editorial:

[1:53] One week after Labor Day weekend, in Phoenix, will be our Learn How to Use Software to Be a Better Real Estate Investor event.

 

Dr. Thomas DiLorenzo Guest Interview:

[4:17] What is the problem with Socialism?

[8:20] Breaking down the scheme of demonizing a class and the belief that taxing the rich will save an economy.

[12:50] The truth about Sweden is when they moved towards Socialism there were no new jobs created for 55 years.

[15:04] Examples of how welfare programs harm the poor by creating a vicious cycle of dependency. 

[18:05] How does Socialism cause pollution?

[21:29] Raising the minimum wage was designed to support higher wage union workers.

[26:02] Big corporations have always been behind creating regulations as a way to create monopoly power.

[35:36] Contact information for Dr. DiLorenzo

 

Mentioned in This Episode:

Jason Hartman

The Problem with Socialism

Lew Rockwell

Poverty Inc.

Direct download: CW_707_Dr_Thomas_DiLorenzo.mp3
Category:general -- posted at: 9:52pm EDT

In this show Jason has a very casual, impromptu (and silly at times) discussion with two of his favorite Investment Counselors, Ari and Sara.  You’ll get a debrief on the last Creating Wealth Boot Camp, some investing insights, a “case study” article from The Financial Freedom Report and hear first hand from one of recent our clients who is creating high ROI in this market.

The next show will feature Jason’s interview with New York Times #1 bestselling author and speaker, Harvey MacKay, as they review his latest book Use Your Head To Get Your Foot In The Door: Job Search Secrets No One Else Will Tell You and some of Harvey’s older works like How To Swim With The Sharks Without Being Eaten Alive.

Direct download: CW_706_FBF.mp3
Category:general -- posted at: 9:09pm EDT

Live events offer investors an opportunity to meet other investors who are successful using the long-term buy and hold strategy, to hear about real life examples of the acquisition process and to learn the tips and tricks which can make an investor’s life easier. This episode is full of useful information which is framed around real client questions including what were Jason’s biggest mistakes.   

 

Key Takeaways:

[11:00] Why did Jason choose real estate for his career of choice?

[13:19] Buy cash flow properties which make financial sense the day you buy them.

[19:35] Should you keep your property managers on a short leash by adding discretionary measures to your contract?

[26:56] What was the biggest mistake Jason made and how did it affect his life?

[34:02] Live events are a loss leader for us but they are beneficial for clients.

[36:18] Phoenix, Arizona is the site of the new event which includes a Q & A panel discussion and a best practices for acquisition example. 

[41:09] What are the top 3 qualities a real estate investor should possess or develop to be successful with the buy and hold strategy?

 

Mentioned in This Episode:

Jason Hartman

Jason Hartman University

JHart88 on Voxer

Direct download: CW_705.mp3
Category:general -- posted at: 11:47pm EDT

Jason shares information about credit scores you may not be aware of to assist you in actively managing it. Using his own credit history as an example he explains the terms utilization rate, how installment loans and new credit can negatively impact your score. And later in the show, guest David Daley discusses the subject matter of his new book, Ratf__ked: The True Story Behind the Secret Plan to Steal America’s Democracy.  David is the former editor of the liberal site Salon.com and is the current CEO/Publisher of the Connecticut Mirror, a non-partisan publication.

 

Key Takeaways:

[5:45] Vital information about how to manage your credit score.

[19:06] Jason highlights some positive rankings about existing investment markets.

 

David Daley Guest Interview:

[24:22] Since 2010 Republicans have used Gerrymandering (Operation Redmap) has been used as a partisan weapon.

[30:52] In 2012, the democrats have a big year with the reelection of Obama but Janikowski's genius move limits their voting power.

[33:00] A technology tool named Maptitude includes census data from districts allowing those in control to draw precision lines when redistricting.

[37:42] A House of Representatives

[38:03] The Moneyball of politics is evident at the State level.

[41:23] Republicans are counting on running the government from Congress and the House of Representatives.

[45:27] We need to rethink the way we do election through radical electoral reform.

 

Mentioned in This Episode:

Jason Hartman

Ratf__ked: The True Story Behind the Secret Plan to Steal America’s Democracy

@davedaley3 on Twitter

Direct download: CW_704_David20Daley.mp3
Category:general -- posted at: 4:08pm EDT

One of the core concepts that we communicate to our investors is to “Refi Till Ya Die” with your rental property portfolio. While this description may sound a bit snarky, it is a very powerful strategy for multiplying your wealth over the long-term.

The most unique part of this strategy is that it stands in stark contrast to the popular strategy of ‘flipping’ properties by buying and quickly re-selling them for quick profits. The strategy that we recommend is the exact opposite of this. At Platinum Properties, we advocate buying and holding prudent rental properties over a long period of time. This enables investors to build real wealth, instead of constantly churning properties. (And creating taxable gains)

There is another very powerful force behind our strategy of buy and hold investing. That power comes when the rents and value of your property increase over time. Typically, an investment property will start with low cash flow, and will grow in profitability as tenant rents are increased. This increase in revenues carries with it a tremendous tool for growing your wealth.

The way that you employ this tool is to refinance your property for more than your original purchase price, based on the increased cash flow. This will allow you to re-invest the amount of your loan that exceeds the original purchase price. And here comes the kicker . . . these net proceeds are not taxed!!!

The reason that you will not owe taxes on the re-financing of your properties is because loans are not taxed. Since you are taking out a loan instead of selling the property, no taxable transaction is triggered. (Granted, capital gains can be deferred via 1031 exchange, but you will still lose 5% to 6% of the property value off the top from realtor fees. Thus, investors can “Refi Till Ya Die” and legally avoid paying taxes on the increased loan amount of their properties. (In addition to this, the increased interest payments from your new loan will reduce the tax burden of your regular cash flow)

These strategies can super-charge wealth creation by allowing investors to capture their equity growth for re-investment. These perpetual re-investments accelerate the natural compounding of your investment portfolio. It also carries the benefit of consistently increasing your use of fixed-rate debt as a shield against inflation. Prudent investors realize the incredible power of this strategy, and should seek to capitalize on it to build their wealth during these increasingly difficult times.

Direct download: CW_703_FBF.mp3
Category:general -- posted at: 3:00am EDT

In this interview from 2014, Robert Morrow dishes the dirt on Bill and Hillary Clinton, makes some accusations and a few predictions. He is a co-author of The Clintons’ War on Women and is currently the chairman of the Republican Party in Travis County, Texas. He recounts incidents which accuse Bill Clinton of being a sexual predator, a serial rapist and that he is not Chelsea’s biological father. He claims Hillary is an attention hound who had relationships outside of her marriage and led terror campaigns against the women Bill assaulted.

 

Key Takeaways:

[3:25] In housing news: Mortgage purchase applications were 23% higher year over year.

[6:25] FINRA survey: Can you pass a basic test on finances?

[20:55] Two events in September - The Venture Alliance weekend and Real Estate Investing Software event.

 

Robert Morrow Guest Interview:

[23:28] The dirty history of the Clintons, Bill and Hillary.

[28:13] How do we know Robert Morrow is telling the truth?

[31:55] Bill Clinton is a sexual predator, serial rapist, and a pervert.

[34:35] Vince Foster was once a trusted advisor who was deeply in love with Hillary. 

[44:07] Robert Morrow predicts Hillary Clinton would not run for President.

[49:11] Contact information for Robert Morrow.

 

Mentioned in This Episode:

Jason Hartman

US Financial Capability

Morrow321@aol.com

@RobMorroLiberty on Twitter

Direct download: CW_702_Robert_Morrow.mp3
Category:general -- posted at: 3:57pm EDT