Creating Wealth Real Estate Investing with Jason Hartman

Jason Hartman
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Jan 24, 2020 • 29min

1376 FBF: Double Rent Arbitrage, RV Ratios Worldwide, Unwinding Depreciation & Leveraging Debt

Today's Flash Back Friday comes from Episode 1022, originally published in July 2018. Jason Hartman takes a turn to the listener mailbag while talking with Kerry Lutz, founder of the Financial Survival Network. Today's topics run the gamut from when to rent your personal residence, how RV ratios work around the world, how to work with Jason, and how to get OUT of the real estate game as you get older. Key Takeaways: [2:41] Why Jason has long believed the idea of public unions is ridiculous [6:27] The stigma between renters and home owners seems to be disappearing, if not already completely gone [9:54] Mason's question on renting his primary residence [18:42] RV Ratios apply world wide [19:23] How is depreciation unwound? [24:58] Is it wise to put 100% down on a property if you have the cash? Website: www.JasonHartman.com/Properties www.FinancialSurvivalNetwork.com
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Jan 23, 2020 • 33min

1375: Aruba, Jamaica Oh I Wanna Take You To: Success & The Hartman Risk Evaluator - Pt 3

Successful people aren't martians! Success is possible for everyone. Jason Hartman speaks on taking advantage of a lucky situation by preparing for the opportunities that will inevitably drop into our lives. Then, Jason and George Gammon return for the conclusion of our three part story: the building blocks of the Jason Hartman Risk Evaluator. Jason also shares a modern day story taking place in Seattle, proving once again the risk of investing in a cyclical market. Key Takeaways: [3:45] The vast majority of us came from very humble beginnings [8:06] "Luck is what happens when preparation meets opportunity" - Seneca [10:24] The content is what happens, the context is the environment (our head) it happens in [17:45] The risk when investing is in high land values [18:26] Three types of markets: linear, cyclical and hybrid. What market is a preferred market for investing? [23:00] Low land value equals low risk, high land value equals high risk [28:10] Human biases: recency bias, sunk-cost bias, and certainty bias can all distract an investor Websites: www.JasonHartman.com/Properties The PropertyCast www.WeGoLook.com www.NoLo.com www.RocketLawyer.com www.Buildium.com
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Jan 22, 2020 • 34min

1374: Reduce Investment Risk With The Jason Hartman Risk Evaluator (Part II)

In Part 2 of this 3 part series, Jason Hartman breaks down the ingredients of a house, otherwise known as "the improvement." Jennifer, the insurance agent, is a key to understanding the land versus improvement value, and George Gammon shares an exhausting experience with lot subdivision and development. Eric, the appraiser comes out with good news prompting the question, "how would you allocate the new value between the two primary components, land and improvement?" Key Takeaways: [8:13] CPA (Cost Per Action) and is it applicable in a Real Estate Investment [13:37] The ingredients of a house starting with raw materials [16:46] "When I'm looking at an income property... I look at it as though I'm buying a stream of cash flow." [13:38] The ingredients of a house, labor costs [24:06] The ingredients of a house, regulations [27:20] The ingredients of a house, cost of energy [29:05] "How do I know the land value vs the improvement value?" Websites: www.JasonHartman.com/Properties www.WeGoLook.com www.NoLo.com www.RocketLawyer.com www.Buildium.com
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Jan 21, 2020 • 35min

1373: Reduce Investment Risk with The Hartman Risk Evaluator - Pt 1

George Gammon interviews Jason Hartman about The Jason Harman Risk Evaluator. In Part I of this three part series, Jason describes his 'aha moment' after 19 years of experience in Real Estate. The story begins with a call from Jennifer, an insurance agent in Irvine, California that leads to the necessity and application for understanding the LTI (Land to Improvement ratio). Key Takeaways: 1:10 Homework Assignment - GDP, Per Capita GDP, PPP 16:20 "No such thing as a passive investment" 18:03 The Hartman Risk Evaluator, LTV and LTI ratios discussed 21:28 The call from Jennifer, the insurance agent 23:45 What factors increase improvement value Websites: www.JasonHartman.com/Properties The Rebel Capitalist Show
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Jan 20, 2020 • 37min

1372: It's An Amazing Time To Be Alive with Patrick Donohoe

Jason Hartman speaks with returning guest and author of the book, "Heads I Win Tails You Lose," Patrick Donohoe. The conversation touches on topics of an ever changing world culture that continues to reshape how we approach wealth, the freedom to do, and in what we find meaning. Despite some of the chaos and cultural decay, the 2020's are going to bring some excitement to the world. [20:40] It's not freedom from having to do something, it's freedom to do something. [22:07] The order of magnitude: an interesting time in history where we are going to see massive change. [24:00] The rising 3 billion, that aren't online yet: If you think that society has benefited from sharing knowledge, you're right. [26:38] There will always be winners and losers [28:40] The Ritz Carlton Slogan discussion: "Systemize the predictable so you can humanize the exceptional." [32:27] People are still trying to find meaning in other things. [33:16] A little bit of struggle is good for the human spirit Website: www.JasonHartman.com/Properties www.HeadsOrTailsIWin.com
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Jan 17, 2020 • 29min

1371 FBF: Repairs, Property Management Software & Late Fees with Adam Schroeder

Today's Flash Back Friday comes from Episode 1035, originally published in August 2018. Jason Hartman starts off today's episode with a tale of his current lawsuit and the experience it's given him with the legal system. The way our current system is set up nobody wins, and there doesn't seem to be a lot of accountability going on either. Jason also plays some Voxer messages from client Drew Baker about his recent experiences doing self management. After that Jason finishes up his interview with podcast producer Adam Schroeder. This time the two discuss finding repair people, what to expect from property management software, whether to allow grace periods and what kind of late fees to charge. Key Takeaways: [1:57] Nobody wins in our current legal system [6:04] Get the latest properties available from Jason through the PropertyCast [7:38] Drew's experience self managing Adam Schroeder Interview: [13:32] You should have a clause in the lease stating which repairs the tenant is responsible for [17:58] What to expect from property management software [22:01] The importance of an increasing late fee Website: www.JasonHartman.com/Properties www.FreeCourt.com The PropertyCast
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Jan 16, 2020 • 34min

1370: Million Dollar Homes & Tribe of Millionaires by Pat Hiban

Did you know that there are more than 200 markets across the United States where the "typical" home costs more than one million dollars? Jason Hartman explores what is going on with home prices and where some surprising locations are that have incredibly high real estate prices. Then Jason talks with Pat Hiban, author of Tribe of Millionaires: What is One Choice Could Change Everything? and co-founder of GoBundance, about the multiple effects that are in our lives and how we can situate ourselves in a way that we can live our best life. Key Takeaways: [2:07] There are over 200 cities where the "typical" house is over $1 million [7:04] Some surprising cities that made the million dollar list Pat Hiban Interview: [13:34] Be careful in good times like these that you're not dealing with people who are just skimming the cream off the top and won't be here for you when things turn [25:36] The "one sheet" idea Pat uses in his masterminds [29:02] The Connection Effect Website: www.TribeOfMillionaires.com www.JasonHartman.com/Properties
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Jan 15, 2020 • 16min

1369: Finding Deals, Evaluating Properties & Providers & Trusting The Hartman Network Process

Jason Hartman and investment counselor Carrie go over how the network functions. The two explain the process of finding properties, getting financing, evaluating the provider, and choosing property management. This can seem to be a daunting task, but that's why the network exists: to provide the complete solution for real estate investors. Key Takeaways: [5:08] The middle market between Fannie Mae/Freddie Mac loans and hard money has been a boon for investors [10:52] Keep your investment counselor in the loop with your purchases, having a Jason Hartman email address in the thread helps things move faster [14:34] Form relationships with market specialists so that you can know what you're getting into with future properties Websites: www.JasonHartman.com/Properties www.RealEstateTools.com
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Jan 14, 2020 • 28min

1368: America's Affordable Trophy City & FedEx Tenants in Memphis with Rabbi Evan Moffic

Jason Hartman and Rabbi Evan Moffic take a look at America's one affordable trophy city: Chicago (which just so happens to be where Evan lives). The two explore the things going on in the area that are helping drive business and helping investors in the area make some good money. Then Jason and Evan explore the Memphis market and what the two like about the future of the city. Key Takeaways: [8:28] YouTube offers the ability to learn anything [12:15] Chicago is the only cheap, iconic city in America [16:04] Democrat leaders in Chicago have still been pro-business [19:02] 2 big things that are happening in Chicago right now that are good for investors [22:09] Evan's thoughts on the Memphis market Website: www.JasonHartman.com/Properties
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Jan 13, 2020 • 15min

1367: Orlando Market Profile, Rent Guarantees & New Construction Availability

Jason Hartman and Investment Counselor Sara take a look at what they like about the Orlando market, in terms of the city itself and the team that's providing properties there. They also explore some of the ways that pro formas can be manipulated and why new construction is able to outperform projections. Key Takeaways: [2:43] Why Sara likes the Orlando market and team [7:05] Things are going to get worse for both homeowners and renters unless we can get the cost of materials and construction under control [10:46] Why rent guarantees are overrated [12:50] Other areas where new construction is available Website: www.JasonHartman.com/Properties

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