Creating Wealth Real Estate Investing with Jason Hartman

Jason Hartman starts off the show discussing how home sales are strong, even if they're a lagging indicator, and where exactly they're really taking off.

Then Jason talks with client Brandon Cook, a young member of the Venture Alliance Mastermind, about his journey investing in real estate. Brandon is currently the owner of 6 properties and is looking forward to more, and talks about breaking through the initial hurdle of investing.

Key Takeaways:

[2:33] Home sales are very strong, but remember they lag

[4:57] A suprise in the hottest housing market category

[11:41] Jason's latest book recommendation: The Effective Executive

Brandon Cook Interview:

[16:35] Brandon discovered Creating Wealth and started listening at Episode 48

[22:05] The first one is always the hardest

[30:41] What has Brandon learned on his investment journey

[33:20] Introducing the Jr Venture Alliance Mastermind membership!

Website:

www.VentureAllianceMastermind.com

www.JasonHartman.com/Properties

The Effective Executive
https://www.amazon.com/Effective-Executive-Definitive-Harperbusiness-Essentials/dp/0060833459

Direct download: CW_971_Brandon_Cook.mp3
Category:general -- posted at: 5:35pm EDT

Jason Hartman starts today's show with a recap of the JHU Live event from this past weekend and a preview of a future event in the Northeast.

Then, in his 10th episode interview, Jason talks with Benjamin Hardy, author of Willpower Doesn't Work: Discover the Hidden Keys to Success, about how to time hack, be much more productive, the difference between successful people and the unsuccessful, relative ease in 10Xing your business, not using your circumstance as an excuse, and more.

Key Takeaways:

[4:51] You can't separate politics from personal finance in today's world

[9:05] There's now a Venture Alliance Jr membership level for those under 35

Benjamin Hardy Interview:

[10:29] The premise of Slipstream Time Hacking

[14:18] You can choose to think of time as away or as a distance

[18:33] What would Ben's response be to someone who said his book was just "work harder and faster"?

[20:37] 10X thinking is a lot easier than 2X thinking, and it works, just look at Ben's life

[23:23] What can we do on a daily basis to hack time?

[26:57] How Ben invested in the right relationships to grow his exposure so quickly

[30:44] Your behavior shapes your personality

[33:35] You need to regularly get out of your routine environment

[37:44] Don't use your circumstances as an excuse

[41:40] It's not your personality that shapes your choices, it's your choices that shape your personality

Website:

www.JasonHartmanIcehotel.com

www.JasonHartman.com/Ask

www.BenjaminHardy.com

Direct download: CW_970_Benjamin_Hardy.mp3
Category:general -- posted at: 4:37pm EDT

Today's Flash Back Friday comes from Episode 647, originally published in March, 2016.

Jason answers questions from his highly-intelligent listener base. Clients inquire about interest rates, the 5-year outlook of rental income real estate and using self-directed IRA money to invest in income properties. Jason shares his strategies and tools on how he formulates his predictions on the multi-dimensional asset class of real estate income property, why he doesn’t like using cap rates for residential property evaluations and accessing the Property Tracker software to project future values. 

Key Takeaways:

[2:00] Income property is the most historically proven asset class

[5:45] Listener questions from the Salt Lake City JHU event

[8:04] Predicting interest rates

[9:38] Advantages to the suburban market in a linear market

[12:22] Stress testing your portfolio

[15:44] 3 dimensions of real estate - Values and rental incomes are counter-cyclical

[16:53] Why is income property real estate investing so attractive?

[19:15] Cap rates are not useful metrics for residential income property evaluations

[22:13] Using Self-Directed IRA money for an investment

[24:52] Property Tracking Software to see your properties 10-year projection

[27:35] The next Venture Alliance Mastermind will be on Jekyll Island in Georgia

Websites:

http://www.grantspub.com

The Creature from Jekyll Island

www.VentureAllianceMastermind.com

Direct download: CW_969_FBF_3_Stress_Tests.mp3
Category:general -- posted at: 5:44pm EDT

Jason Hartman starts today's episode with some new observations on the GOP Tax Reform, specifically involving depreciation and the changes that have been made to it for real estate investors.

Then Jason talks to one of his podcast mentors, Jim Puplava, host of Financial Sense, about his thoughts on the new tax reform, what's happening with inflation (both today and moving forward), the different motivation of millennials compared to former generations, and more.

Key Takeaways:

[3:23] The new tax plan and bonus depreciation

[8:04] The massive change in deductions for major repairs

Jim Puplava Interview:

[13:54] Will the new tax plan expedite people and companies leaving high tax states?

[18:42] Hidden taxes in states like California

[19:48] What's the endgame when states and municipalities go bankrupt? Is it just a federal bailout?

[22:42] Jim's current inflation thoughts

[26:12] How much longer can the US continue to kick the can down the road when it comes to the debt?

[29:38] Why double inflation arbitrage is fantastic for real estate investors

[32:52] What the next downturn is going to look like

[38:10] Jason's new theory

Website:

www.JasonHartmanUniversity.com

www.FinancialSense.com

Direct download: CW_968_Jim_Puplava.mp3
Category:general -- posted at: 11:55pm EDT