Creating Wealth Real Estate Investing with Jason Hartman

Jennifer Kahnweiler, Ph. D. is considered to be the Champion of Introverts. She is a Certified Public Speaker and a best-selling author. She has written three great books, The Introverted Leader: Building on Your Quiet Strength, Quiet Influence: The Introvert’s Guide to Making a Difference and her latest The Genius of Opposites: How Introverts and Extroverts Achieve Extraordinary Results Together. During this interview, she alludes to the true differences between introverts and extroverts, what make introverts so special and how introverts can enhance your organization.

 

Key Takeaways:

Jason’s Editorial:

[2:05] A look at the Driverless Cars to Fuel Suburban Sprawl article.   

[8:04] A video resource to help you analyze an investment property and understanding a performa using cap rates as a metric.

[12:46] Which is a better investment one with Tenant Improvements or a Full Service Gross lease?

[16:05] Kevin Kelly Audio short: The Emergence of Singularity.

 

Jennifer Kahnweiler Guest Interview:

[20:15] How is Shyness different from Introversion?

[22:55] How does someone know if they are an introvert or extrovert?

[25:03] There is a lot of prejudice which exist against introverts.

[29:26] All of us need to flex, Introverts and Extroverts alike.

[31:20] How can introverted leaders and managers increase their influence in their roles?

[36:07] Does a person’s gender come into play when someone is trying to carve out their path?

[38:44] All must respect each other’s talents to make a partnership truly thrive.

[41:05] Discussing the 5 themes of successful partnerships. 

 

Mentioned in This Episode:

Venture Alliance Mastermind

Jason Hartman

Hartman Education

Jennifer Kahnweiler

@jennkahnweiler on Twitter

Direct download: CW_690_Jennifer_Kahnweiler.mp3
Category:general -- posted at: 11:17pm EDT

Kevin Maney writes a weekly column on technology and society for Newsweek magazine. He is the author of the new book Play Bigger: How Pirates, Dreamers, and Innovators Create and Dominate Markets, and has co-authored Making the World Work Better: The Ideas That Shaped a Century and a Company and The Two-Second Advantage: How We Succeed by Anticipating the Future...Just Enough. He shares his insights about what to look for when a company goes public too soon and what flaws are common amongst companies with dwindling values over time.

 

Key Takeaways:

Jason’s Editorial:

[3:35] Alvin Toffler's book Power Shift describes the 3 basic forms of power. 

[10:59] A 5-star review from B. Spear about Jason’s podcasts.

[12:44] A descriptive example of the significance of rent inflation over the years.

 

Kevin Maney Guest Interview:

[22:54] The study of the category kings of business.

[28:31] A unicorn is a company that gets valued by investors of more than a billion dollars.

[30:57] The 3 critical aspects to building a company.

[32:56] If Uber doesn’t fix its company design it will have a serious problem.

[36:28] Companies that go public before their 6th anniversary in business tend to have dwindling values over time.

[41:51] A synopsis of The Two-Second Advantage: How We Succeed by Anticipating the Future...Just Enough.

 

Mentioned in This Episode:

Jason Hartman

Hartman Media

JHart88 on Voxer

Hartman Education

Kevin Maney

Lyft

Direct download: CW_689_Kevin_Maney.mp3
Category:general -- posted at: 10:08pm EDT

Matthew Quirk is the author of the best-selling book, ”The 500″ and author of the new book on the Fed, “The Directive,” which centers on a conspiracy plot at the Federal Reserve. Quirk joins the podcast to break down how realistic this plot could be today.

Quirk spent a year working with red team security experts, hackers, lock pickers, social engineers, and sources inside the Fed to map out what a true-to-life 21st century heist would look like at the most powerful bank in capitalism. He shares the loopholes within the Fed’s security system and gives his guesstimate on the best chance someone has in hacking the Fed.

Key Takeaways:

(0:50) Intro portion of the show
(12:52) Looking at 1984
(19:47) Upcoming Creating Wealth Seminar in Little Rock, Arkansas
(27:27) Introducing Matthew Quirk
(37:18) Discussion of social engineering
(38:55) General thoughts on the role of the Fed
(41:49) Security & The Fed
(43:24) Closing comments

Links:

Find out more about Matthew Quirk at www.matthewquirk.com.

Direct download: CW_688_FBF.mp3
Category:general -- posted at: 10:28pm EDT

Today’s guest, Jamie Hopkins is considered to be one of the leading retirement plan experts in the United States. He holds the Larry R. Pike Chair in insurance and investments. He is an associate professor of taxation at The American College, Co-Director of New York Life Center for Retirement Income Programs, and the Developer of the Retirement Income Certified Professional Designation (RICP). He authored the book Retirement Risk: How to Plan Around Uncertainty for a Successful Retirement. He shares advice on the qualifications of a good financial planner, how new regulations will affect retirement product offerings and how adding real estate and home equity to your retirement plan can benefit individuals. 

 

Key Takeaways:

Jason’s Editorial:

[6:04] “Did People Who Bought Houses in the 70’s Essentially Get the House for Free?”

Jamie Hopkins Guest Interview:

[13:57] Are financial advisors required to operate under a fiduciary standard of care? (ERISA)

[16:50] Fiduciary care basically means working with the client’s best interest in mind.

[19:33] The benefit of incorporating real estate into traditional retirement income plans.

[21:55] Advice on how to deal with the regulatory changes recently mandated by the Department of Labor (DOL).

[24:55] Today, robo-advice isn’t capable of giving clients informed decisions.

[27:33] New regulations get added on top of existing ones instead of replacing the outdated regulations.

[32:16] Annuities were impacted by these new regulations but life insurance plans were not.

 

Mentioned in This Episode:

Jason Hartman

Hartman Education

The American College

Direct download: CW_687_Jamie_Hopkins.mp3
Category:general -- posted at: 4:38pm EDT

Michelle Hawkins is a client who has attended a Meet the Masters live event and the most recent Creating Wealth Seminar and Property Tour in Cincinnati, Ohio. Michelle crunched her financial numbers only to discover that her pension was never going to be enough to support her during her retirement and she knew she couldn’t count on Social Security. Her investor journey started by reading all the investment books on the library shelves which led her to the sound decision of investing in income property. She shares her story and some sound investing advice.

 

Key Takeaways:

Jason’s Editorial:

[1:41] Was the Orlando shooter on prescription drugs? If so, will anyone report on it? 

[8:09] The pension system will not support you. You need to find a diversified wealth creation system now.

 

Michelle Hawkins Client Interview:

[13:56] Michelle highly recommends attending a live event. She is proof that it works. 

[17:57] The government basically says your money doesn’t really belong to you until they decide to give it back to you when you are 69. 

[21:53] Michelle and Jason take a hard look at inflation, real interest and tax rates. 

[26:25] Misconceptions about the stock market in Michelle’s research led her to investment in income property.

[35:50] Physically vetting the system and the investment markets allows investors to buy with confidence.

 

Mentioned in This Episode:

Jason Hartman

Meet the Masters

Hartman Education

Direct download: CW_686_Michelle_Hawkins.mp3
Category:general -- posted at: 9:07pm EDT

Jason Hartman is joined by author and real estate investor, Barb Getty, as she talks about her journey into real estate investing, what it takes to be a good landlord or property manager, how to find and keep great tenants, and explains the eviction process. 

The second of four children, Barb was born and raised in Gary, IN.  She graduated cum laude from Purdue and married soon after. After seven moves in nine years of marriage, her family settled in Indianapolis.

Tragedy struck in 1992 when her 17-year-old son was killed in a car accident.  Her daughters were 16 and 14 at the time.  Sadly, Barb’s 21-year marriage ended eight months after Todd’s death.  She bought a small home needing repairs, and following the fix-up, she and her daughters moved in.

Pleased with that first project, Barb purchased her first duplex (with little money, no credit and no experience), hoping she had the wherewithal to be a landlord.  Today, she owns 27+ units — a mix of single and multi-family, low and middle income rentals.  CNBC.com  interviewed her recently and the article also appeared in USA Today.   Barb has also added high-end property management, consulting and speaking engagements to her business.

Although she hasn’t had an easy road, Barb is both financially and emotionally invested in her work.  She invites people to watch a video showing scenes she faces as a landlord in the inner city.  It’s very compelling.  Barb authored The Landlord Chronicles:  Investing in Low and Middle Income Rentals, published in 2010. Armed with a positive attitude and a strong sense of humor, Barb Getty is making a difference in her tenants’ lives, the neighborhood and the city as well.

Direct download: CW_685_FBF_mixdown.mp3
Category:general -- posted at: 10:57am EDT

Today’s guest, Chris Versace is the editor of investment newsletter PowerTrend Profits and portfolio manager of the Thematic Growth portfolio at Fabian Wealth Strategies. He is  a columnist for Fox Business Network, Forbes, and TheStreet.com. Chris spent 13 years in equity research at financial institutions including Salomon Brothers. And, he recently co-authored the book Cocktail Investing: Distilling Everyday Noise into Clear Investment Signals for Better Returns.  

 

Key Takeaways:

 

Jason’s Editorial:

[3:55] The Hourly Wage Needed to Rent a Two Bedroom Apartment is Rising.

 

Chris Versace Guest Interview:

[20:37] Overhauls to the tax code and the immigration policy would be examples of policies which could get the economy back on track.

[22:21] Cronyism is widespread in the wind energy industry.

[24:15] One of Chris’s favorite investment themes is the always on, always connected consumer because it is explosive with opportunity.

[30:45] It is short sighted to want higher minimum wages.

[33:03] Cybersecurity stocks is an ever-growing area that is a must own for investment portfolios 

 

Mentioned in This Episode:

Jason Hartman

Longevity and Biohacking Podcast

Hartman Education

Chris Versace

Direct download: CW_684_Chris_Versace.mp3
Category:general -- posted at: 8:16pm EDT

Carrie joins Jason today to recap the impressive Cincinnati market property tour. The Cincinnati real estate market passed all 13 fundamentals of what is required to make a market viable as a rental market. It is a family town with historic properties where the inhabitants value their deep kindred roots. Investors gobbled up more than a dozen properties and there is high demand for more. The local market specialist definitely raised the bar during this tour. 

 

Key Takeaways:

[4:31] Properties in Hamilton, Monroe and Liberty Township were in various stages of before, during and after construction.

[5:55] The Lucky 13 are fundamentals that help you choose a real estate market.

[7:25] Cincinnati is a conservative, stable, linear market. The roots run deep here.

[9:18] A graph in the Who Took My Money Book depicts the high performing.humble single family home.

[11:43] Jason explains the LTI ratio (Land to Improvement) ratio.

[14:48] During property tours investors are able to get together and share experiences.

[17:16] An audio track of the Closing the Gap - How to create a more inclusive global economy video.

 

Mentioned in This Episode:

Jason Hartman

Direct download: CW_683.mp3
Category:general -- posted at: 7:51pm EDT

Joel Naroff is the Founder, President & Chief Economist with Naroff Economic Advisors and a member of the Newsmax Financial Braintrust Alliance. He’s also the author of, “Big Picture Economics: How to Navigate the New Global Economy.”

Naroff gives his take on the economic recovery and when he expects inflation to hit, if at all. He also discusses the effects tax cuts have on the economy.

Naroff then talks about international economic hotspots and where people should produce and sell in our global economy. He thinks certain international events can ripple through the economy and ultimately affect workers in the Midwest.

Key Takeaways:

(2:27) Little Rock Creating Wealth in Today’s Economy Boot Camp and property tour, and other announcements
(4:28) A special message from Bill Clinton
(5:01) News about Zillow’s acquisition of Trulia
(19:19) Introducing Joel Naroff
(19:55) Are we in a real economic recovery?
(22:26) Joel Naroff’s inflation forecast
(25:17) A look at the globalization of the economy and the US’ importing of deflation
(27:02) Have we exploited the world’s cheap labor yet?
(30:08) Tax policy and offshore businesses
(35:50) Why the banks aren’t lending very much
(39:37) How does the growing middle class in China affect Indiana?
(43:40) Closing comments

Links:

For more information about Joe Naroff: www.NaroffEconomics.com
For more about Joel Naroff’s research: www.econsultsolutions.com
Or, look up Big Picture Economics on Facebook

Direct download: CW_682_FBF.mp3
Category:general -- posted at: 4:35pm EDT

Today’s guest, Brendan Ahern is the Chief Investment Officer for KraneShares, a company which provides unique investment opportunities for next-wave developments in China. Brendan is a specially qualified to discuss the Chinese economy and how it relates to the US economy, the widespread investment of Chinese money into the US real estate market and China’s ever-changing social safety net as he has over 12 years of experience in Exchange Traded Funds. 

 

Key Takeaways:

[3:39] How life expectancy and longevity affects the social security system and the US economy.

[8:01] Vacation rentals do not get the same tax benefits as real estate investments.

 

Brendan Ahern Guest Interview:

[16:29] The Tale of Two Chinas - Domestic consumption is growing but exports and industrials are slowing.

[19:24] The urbanized Chinese want to enjoy the things we take for granted.

[22:04] The Chinese government is trying to figure out ways to increase domestic consumption.

[26:22] There isn’t much in the way of a social safety net in China right now.

[29:28] What’s going on with the currency war between the US and China, now and in the future?

[32:55] For some reason, when Chinese investors diversify it’s labeled as capital flight.

[36:27] The real estate market in Tier 1 cities have performed well but location, location, location is still important.

[38:48] Entrepreneur led companies are leading the way in China’s socialist market economy.

 

Mentioned in This Episode:

Jason Hartman

Liberty Health Share

@jasonhartmanroi on Twitter

KraneShares

Direct download: CW_681_Brendan_Ahern.mp3
Category:general -- posted at: 6:52pm EDT