The month of October brings the 2017 tax season to a close. Jason brings Fernando and Zack on the show to showcase the organizational tools and portfolio management options available through the newly upgraded Property Tracker 2.0.

The Property Tracker software makes creating Schedule E’s, depreciation schedules and other tax forms easy as well as a robust calendar which keeps track of all of your income properties important dates.

You can now get tickets to the Meet the Master’s of Income Property event and the Venture Alliance Mastermind is coming up in October.

Key Takeaways:

[02:25] Was the media bummed out that Hurricane Irma didn't cause more damage?

[09:04] The Waffle House Index and Cryptocurrencies.

[16:44] Fundamentals for organizing and tracking investment properties.

[24:00] Property Tracker produces tax schedules including Schedule E and an up-to-date Schedule of Depreciation.

[27:58] Property Tracker 2.0 has updated proformas with RV ratio evaluations.

[30:24] Clarifying the statement "Every day you have a property you own and don't sell, you are buying it back from yourself."

[35:05] Organizational tips for using Property Tracker.

[39:28] Scanning with Optical Character Recognition (OCR) makes you more efficient.

[46:38] Details about the new Amazon Echo contest, the Meet the Master's event and the upcoming Venture Alliance Mastermind.  

[50:20] Free one-hour Property Tracker onboarding session with Zack for Jason Hartman clients.

Mentioned in This Episode:

Jason Hartman

Property Tracker Software

Administrator@realestatetools.com

Enter the Amazon Echo Contest

Meet the Master’s of Income Property Tickets

Venture Alliance Mastermind

Donate to Hurricane Relief Here

With hurricanes and tropical storms at the forefront of the news these days, Jason kicks off this episode by speaking with Ed Babkes about the difference in weather-related insurance policies, why investors pay more for these policies and how to eliminate the need for flood insurance for your property. And later, the second part of Doug Casey’s interview from Aspen, Colorado. Mr. Casey is a self-proclaimed Anarchist Libertarian who warns of a forthcoming economic depression in the United States.

Key Takeaways:

[01:21] A quote from Franklin D. Roosevelt about real estate.

[04:24] Ed explains the differences between weather-related insurance coverage.

[09:05] The government charged investor-owned properties more than owner occupied properties.

[12:46] Elevation certifications can eliminate the need for flood insurance for some.

[17:56] Information on the new Amazon Echo contest, the upcoming Venture Alliance, and the Meet the Master’s events.

Doug Casey Guest Interview Part 2:

[20:27] Will technology keep the US lifestyle status quo in the face of inflation?

[25:48] Governments all over the world are seriously bankrupt.

[29:18] The welfare or the warfare state?

[33:54] A good thing about the upcoming depression.

[35:30] Why Inflation is much worse than income tax

Mentioned in This Episode:

Jason Hartman

Doug Casey Interview - Part 1

New Amazon Echo Contest

Venture Alliance Mastermind

Meet the Masters of Income Property

Short-term Rental Council - Apply to be a participant  

Diamond Age by Neal Stephenson

The International Man

Casey Research

Doug Casey Books

Originally aired on CW 360.

Dr. Kelly McGonigal is a health psychologist at Stanford University and author of, “THE WILLPOWER INSTINCT: How Self-Control Works, Why It Matters, and What You Can Do To Get More of It.” Dr. McGonigal teaches one of the most popular courses at Stanford University called, “The Science of Willpower.” She has helped hundreds of students achieve their goals through the idea of willpower. She believes stress should be welcomed in people’s lives, thus causing greater willpower. Dr. McGonigal breaks down the science behind why we give in to temptation and how we can find the strength to resist. Find out more about Dr. Kelly McGonigal at kellymcgonigal.com.

Jason is live in Aspen, Colorado to speak with returning guest Doug Casey and to answer listener questions. Andrew wants to know how his saving can be invested using a VA loan and during the interview, Doug Casey shares his story and his predictions for the future of the US Dollar. Doug tells of a worst-case scenario for the American public if the Dollar falls in value during the battle of inflation and deflation.

Key Takeaways:

[03:52] Proformas included on PropertyTracker.com include the debt coverage ratio metric.

[13:49] The debt coverage ratio varies based on the interest rate.

[16:29] It's not the 'best' time to be a real estate investor, but's it's still pretty good.

[18:36] Andrew wants to know how to invest his savings, possibly with a VA loan.

[23:16] Meet the Masters and Venture Alliance Mastermind event information.

Doug Casey Guest Interview:

[25:12] Aspen is a perfect example of Environmental Racism.

[29:18] Doug Casey is an International Man who in search of a truly free country.

[34:24] Writing fiction gives Doug a free speech which is often frowned upon in nonfiction books.

[36:35] The United States is different than the original 'America'.

[40:13] The US controls the world's currency but it can't go on forever.

[44:05] There will be a panic in the United States when the Dollar is devalued.

Mentioned in This Episode:

Jason Hartman

Jason Hartman Properties

Property Tracker - One free hour on boarding session

administrator@realestatetools.com  

Venture Alliance Mastermind

Casey Research

International Man by Doug Casey

Naresh joins Jason to discuss the devastation Hurricane Harvey caused in Houston and give the ‘all clear’ for his family who lives in the area. Then the discussion turns to how Trump’s economic plan involves devaluing the US dollar to increase trade abroad, how automation doesn’t replace jobs but creates them and the value of big data.

Key Takeaways:

[02:20] Naresh has family in the Houston area but they were not affected by Hurricane Harvey.  

[11:17] The government will be offering low-interest loans for those without flood insurance.

[13:56] Always adjust for inflation.

[17:34] Jason and Naresh review a Business Insider article about Trump and the struggling dollar.

[28:50] Automation has, so far, only taken one job away from humans.

[35:58] John Naisbitt's concept of High Tech High Touch.

[40:54] Jason reflects on the importance and value of data.

Mentioned in This Episode:

Jason Hartman

Tesla Scam

High Tech High Touch by John Naisbitt

Become a member of the Short-term Rental Council

Meet the Master’s of Income Property Event

Venture Alliance Mastermind

Originally aired on CW 487.

Jason Hartman invites his mother, Joyce, and Fernando on the show. The two guests have both appeared on the show before and have both experienced great successes in real estate investing. Joyce talks to the audience about some of the benefits of joining the Apartment Owners Association and and Fernando let’s everybody know that there’s a new product on the JasonHartman.com store called Financial Independence Day where he will do personal one-on-one consulting with you to help you achieve your dreams for financial freedom.

Jason and Investment Counselor Sara discuss the indirect impact of Hurricane Harvey in Houston. It may be one of the worst natural disasters in our nation’s history but an opportunity for rebuilding also exists. Prices will increase for commodities needed for rebuilding the area and labor will be needed in all sectors for those who were directly impacted by the storm.

Early bird pricing is available for the next Meet the Master’s of Income Property Event to be held in January 2018.

Key Takeaways:

[01:37] Disaster Capitalists make the most of the tragic flooding in Houston.

[05:25] A moratorium on mortgages benefits those with the most debt.

[11:09] Is it smart to buy properties on the cheap in Houston?

[12:32] How should investors handle damage to their existing properties?

[15:28] The cost of commodities always increase after a natural disaster.

[18:59] Meet the Masters of Income Property and Property Tracker offers.

[25:41] Laura wants to know how Jason's single-family portfolio homes performed during the 2008 recession.

Mentioned in This Episode:

Jason Hartman

Meet the Masters of Income Property - Early Bird pricing is available

Real Estate Tools

Property Tracker

Administrator@realestate.com - Free 1-hour onboarding session

Venture Alliance Mastermind

Drew Baker is back on the program to speak with Jason about topics that are essential to income property investors. Jason shares the core ideas behind his signature methods of Inflation-induced debt destruction and his ultimate investing equation. He also explains how the IRS’s tax code does not properly account for inflation and how it can benefit investors. There is an abundance of information in this podcast new and seasoned investors shouldn’t miss.

Key Takeaways:

[03:54] Jason announces the winner of the Amazon Echo contest.

[04:52] Find out how to volunteer for the Short-Term Rental Advisory Board.

[07:51] Peter Schiff and issues with minimum wage laws.

[15:54] The difference between concept and context.

[20:43] Governments create monopolies through regulations.

[23:49] Client's answer the question "What advice would you give yourself in 2008"?

[26:38] Direct investors notice the financial bumps more than investors in group investments.

[33:40] Drew analyzes the price of a house in gold.

[37:25] The IRS's tax code does not properly account for inflation.

[45:35] Favorable reasons to self-manage your income properties.

[1:01:53] Drew shares his income property investment history.

Mentioned in This Episode:

Jason Hartman

Be Your Bank

Short-Term Rental Council Application

Joe Rogan Experience Podcast #1002 with Peter Schiff

Ready, Fire, Aim by Michael Masterson

Meet the Master’s of Income Property Event

Women’s Investing Network Podcast #27 with Jason Hartman

Originally aired on CW 461.

On today’s Creating Wealth Show, Jason Hartman talks about the vital side of investing that is construction cost. As an investor within real estate, it’s so important to know the situation, whether it be adjusting how much you pay contractors to match with the area itself or knowing just how much the replacements to your property would be compared with the actual cost price.

This episode features Jason’s appearance on Elisabeth Embry’s Women’s Investing Network podcast, Jason shares his knowledge about the challenges a country can face based on demographics and immigration, how a normal business cycle and foreign investments can affect commercial real estate in cyclical markets and how the government manipulates and lies about the true inflation rate. 

Key Takeaways:

[07:16] A country's demographic challenges can limit their economic outlook. 

[12:14] Retirement is not good for people. 

[15:03] How a normal business cycle can affect commercial real estate. 

[19:37] Trump may repeal or soften Dodd-Frank, this would loosen regulations. 

[25:16] Foreign Investments distort the value of real estate markets. 

[28:24] Innovations in the banking world and payment systems are changing our financial landscapes. 

[29:55] Two ways the government manipulates and lies about the inflation rate. 

[38:23] Information for the Meet the Master's of Income Property Event in San Diego in January. 

Mentioned in This Episode:

Jason Hartman

Be Your Bank 

Meet the Master’s of Income Property Event

Women’s Investing Network Podcast #27 with Jason Hartman