Creating Wealth Real Estate Investing with Jason Hartman

Jason Hartman

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Nov 29, 2019 • 38min

1336 FBF: Self Management Revolution & Fixing Affordable Housing with NHP Foundation's Richard Burns

Today's Flash Back Friday comes from Episode 994, originally published in May 2018. Jason Hartman wants to prepare you for the coming revolution. The self management revolution is coming, and it's time to see if you're up for the challenge. There are things that you need to do before you take the plunge, and Jason outlines some of them here. Then, Jason talks with CEO of the NHP Foundation, Richard Burns, about the affordable housing crisis in the United States. The current method of creating affordable housing isn't working for anyone, but Richard thinks there's a way that it can be solved that benefits all parties. Key Takeaways: [2:34] The coming revolution of self-management [5:36] Drew's first taste of self-management [7:45] Some steps to take before going full self-management [11:09] Freddie Mac's new program [15:23] Join Jason for his events in Philadelphia and New York, www.JasonHartman.com/Events Richard Burns Interview: [17:45] What solutions are available for affordable housing? [20:38] The two components of real estates value [22:20] We are nowhere near meeting the affordable housing demand, so what do we do? [26:17] Where did the high paying, real careers go that made people end up in careers that were meant to be stop-gap jobs? [28:25] What does Richard's non-profit do? [31:59] Richard's thoughts on rent control [33:51] What the Baby Boomer survey showed Website: www.NHPFoundation.org
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Nov 28, 2019 • 14min

1335: Giving Thanks for What We Have & 5 Things You Should Be Grateful For Today

On this Thanksgiving Day, Jason makes note on some things he has in his life that he is most thankful for. It's important that we take time to make note of these in our hectic lives. So in today's shortened episode that's exactly what we're doing. Website: www.JasonHartman.com 5 Things You Should Be Grateful For Today!
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Nov 27, 2019 • 33min

1334: Mortgage Rates, Fannie Mae Loan Limits & Increasing Property Values

Jason Hartman and Adam join forces today to discuss a big development in the mortgage market. Fannie Mae/Freddie Mac conforming loan limits are being increased again, this time to over $510,000, which will have substantial impacts on the housing market overall. Later, Adam talks with one of the network lenders about where interest rates are today and what a weakening economy in 2020 might put them in a few months. Key Takeaways: [2:11] Fannie Mae and Freddie Mac are increasing the conforming loan size to over $510,000 [7:03] Conforming loan limit increases generally lead to home price inflation [10:54] The higher loan limit might impact hybrid markets more than cyclical [14:57] Insights from Voxer messages left by listeners [18:33] Technology is increasing the value of our properties Adam Mortgage Minutes: [24:57] Current rates for a $100,000 property with 20 or 25% down [28:22] How might rates react if we see weakening in the economy that some are predicting in 2020? [30:08] Mortgage starts don't seem to be slowing down for investors Website: www.JasonHartman.com/Properties
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Nov 26, 2019 • 35min

1333: Client Case Study with Jaden Zubal: New Construction vs Renovated Properties, Millennial Investing & Money Tiers

Jason Hartman has another client case study, this time with 26 year old Jaden Zubal, an associate wealth strategist at Paradigm Life. Jaden started attending events when he was 22 or 23 and recently got into the real estate game by purchasing properties in Jacksonville, FL and Memphis, TN. Jason and Jaden discuss how Jaden decided that new construction was the way for him, what market he likes for his next as he diversifies geographically, and how the 10 Commandments of Real Estate Investing have helped him along the way. Plus, check out the link below and you can get a free audio and digital copy of Heads I Win, Tails You Lose by Pat Donohoe, as well as a complimentary consultation with Jaden. Key Takeaways: [2:45] Good news for Texas property owners [4:42] Housing inventory is even worse than we thought [7:43] The average home listing price in America is $312,000 Jaden Zubal Client Case Study: [10:31] Jaden attended his first Meet the Masters in her early 20s [13:33] Which of Jason's commandments Jaden has found most useful in his investing journey [16:24] The 2 things Jason believes Maslow left out of his hierarchy of needs [18:50] The first 2 tiers of safely growing your money and keeping it protected [23:46] Student loan debt is creating a generation of people feeling pessimistic about their financial future, so what's going to come of them? [26:08] One of the separating elements of Jason's network is the value of the investment counselor [30:12] What changed Jaden's mindset on new properties vs renovated Website: www.ParadigmLife.net/Jaden jzubal@paradigmlife.net www.JasonHartman.com/Properties
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Nov 25, 2019 • 32min

1332: FICO Scores, Florida Real Estate & Population Migration

Jason Hartman and Investment Counselor Doug takes today's episode to discuss what's going on with the average FICO score across generations. The average FICO score is not something that Americans can be proud of, but it provides some serious advantages to real estate investors. Then Jason and Doug highlight several Florida properties that are able to cash flow with new construction, which is something that is getting harder and harder to do in today's environment. Florida is becoming a bigger draw to those running away from high tax states, which is driving their real estate market. Key Takeaways: [2:55] FICO scores are low across all generations [6:18] You want a good credit score, not a perfect credit score [10:40] Real estate takes about 8% in transaction costs [16:05] Doug spotlights a Florida property [19:43] Blogcast: How does inflation devour debt? [23:39] Migration of residents will cause a shift in ownership in the old areas [26:47] Real estate markets tend to expand and contract from the top Website: www.JasonHartman.com/Properties
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Nov 22, 2019 • 1h 4min

1331 FBF: Core Causes of Economic Crisis with William D. Cohan NY Times Bestselling Author of 'Money and Power' & 'House of Cards'

Today's Flash Back Friday comes from Episode 243, originally published in February 2012. Jason Hartman interviews author, former Wall Street senior banker, and best-selling investigative journalist, William (Bill) D. Cohan on the events that led up to the current economic crisis. Bill explains the choices that the big firms, such as Goldman Sachs, JP Morgan, etc, made regarding what type of institution they were going to be, the path of these firms that led up to the current crisis, and how they used the bailout money gifted to them. He said it was one big party on Wall Street, during which brokers were to bring in revenue using a lot of whacky products, until everything came crashing down. Huge bonuses were paid out from the revenue collected from unsuspecting clients. Bill and Jason also discuss the Occupy Wall Street Movement. Bill expressed disappointment in the message of the movement, saying it isn't clear and they need to learn how Wall Street really works so that they can be more effective in bringing about reform. Wall Street has been influencing what goes on in Washington and paying lobbyists and donating to congressional coffers so that they can get the regulations, or lack thereof, that they want, i.e. the Dodd-Frank Wall Street Reform and Consumer Protection Act. Bill talks about how the expansion of Wall Street into Middle Class America was not an accident, using the example of Merrill Lynch being a public company. This ultimately led to broken trust between Wall Street and Main Street, as people have now shied away from risk taking. To solve the problems, Bill suggests changing the incentive system on Wall Street, in that it can no longer be okay to take huge risks with people's money or get paid big bonuses whether they lose money for the firms or not, as well as going back to having to use their partner's capital to operate. William D. Cohan offers audiences a unique, close-up perspective of the greatest financial crisis since the Great Depression. He combines deep knowledge of the investment banking world with the fine storytelling skills of an award-winning investigative journalist. Website: www.WilliamCohan.com
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Nov 21, 2019 • 39min

1330: Truthteller, An Investigative Reporter's Journey Through the World of Truth Prevention, Fake News & Conspiracy Theories by Stephen Davis

After his intro discussing getting the money thing out of the way in pursuing your life and the difference between law and ethics, Jason Hartman talks with Stephen Davis, author of Truthteller: An Investigative Reporter's Journey Through the World of Truth Prevention, Fake News and Conspiracy Theories, about the prevalence of fake news online and in every form of media. The two try to find ways to combat the issue head on and what the average person can do today (and in the future) to avoid being fooled. Key Takeaways: [6:34] Get the money thing out of your way Stephen Davis Interview: [12:32] It's easier now than ever before for governments to lie to you and get away with scandals [14:36] Fake news travels faster than truth on Twitter [17:40] If you want good, investigative journalism, you're going to have to pay for it [23:45] We need to stop letting companies like Facebook and Google escape the responsibility that media outlets have [30:10] How governments deceive you [36:21] Dealing with fake reviews on sites Website: www.StephenDavisWriter.com www.JasonHartman.com/Properties
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Nov 20, 2019 • 29min

1329: Jacksonville Market Profile, New Construction, 1031 Exchanges & Financial Terminology

Jason Hartman and one of the network's Florida market specialists discuss the Jacksonville market and what kind of housing is currently available. The two break down a pro forma for one of the available new construction properties and examine why Florida has become such a hot spot for people fleeing both the East and West coast states. Then we have a segment from Real Data founder and president Frank Gallinelli about financial terminology. It's important when reading pro formas and doing your due diligence that you know what these metrics are. Frank breaks it down so that you're prepared when you go into your next property. Key Takeaways: [4:28] Florida is now drawing people from the East and West coast [6:28] Jacksonville market profile [10:27] Examining a pro forma of one of the new construction properties available in Florida [13:00] There are a couple properties available that you could take advantage of in a 1031 exchange [15:53] People are moving to Jacksonville to be near St Augustine, which is the 2nd busiest place for tourists in Florida behind Disneyworld [18:24] Frank Gallinelli on financial terminology Website: www.JasonHartman.com/Properties www.RealData.com
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Nov 19, 2019 • 27min

1328: Interest Rates, Financial Repression, Housing Affordability & Maker City by Peter Hirshberg

Jason Hartman starts today's show discussing how it's possible that low interest rates can be used as financial repression tool even though it seems like a good thing at first glance. He also explores an article highlighting affordability issues across the nation and how it's impacting markets that Jason's investors bought homes in prior to the runup. Then Jason talks with Peter Hirshberg, founder of Maker City® Project and CEO and co-founder of Lighthouse.one, about Opportunity Zones and how they work with constructing cities. Jason and Peter explore how the incentives were created and why they are crucial to the success of projects like Opportunity Zones. Key Takeaways: [3:47] Part of financial repression is low interest rates [7:42] Affordability is becoming more and more of an issue across the US, including some where investors used to be able to get reasonable properties [10:05] The Water Theory of money Peter Hirshberg Interview: [14:43] Economic reinvention is a bottom up thing as people found what they were good at and innovators moved into the city [18:55] Why you have to create incentives like those the Opportunity Zone offers [22:57] Why real estate matters Website: www.Lighthouse.one www.JasonHartman.com/Properties 'Their house is on fire': the pension crisis sweeping the world Housing in these cities may become unaffordable by 2028
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Nov 18, 2019 • 46min

1327: Taxes, Landlord Laws & Opportunity Zones by Steve Glickman, Chief Architect

Jason Hartman and real estate attorney Bob start today's show discussing the importance of taxes and how they can seriously impact your real estate investing journey throughout your life. They also discuss what makes a good investor and the direction of law when it comes to real estate. Then Jason talks with Steve Glickman, Senior Economic Advisor to President Barack Obama and chief architect of the Opportunity Zone project, about how the Opportunity Zone system works, the definition of an Opportunity Zone and what benefits the program provides for real estate investors. Key Takeaways: [4:33] The multiplier effect of moving to a place where your money is treated better [9:37] Jason's prediction for the next thing landlords will be held accountable for under the law [15:50] What good, talented lawyers for commercial properties always do [19:18] Good investors act, but only because the deal is good, not because they have the money [23:27] Taxes are like reverse amortization [26:02] High taxes encourage bad investments Steve Glickman Interview: [28:14] There are now 8.766 Opportunity Zones across the US [32:31] There are about 300 Opportunity Zone funds targeting $65 billion and have raised about 15% so far. How big is this expected to get? [35:28] The 2 big factors in why zone based programs become unsuccessful [37:16] What is the Opportunity Zone program? [40:23] Will Opportunity Zones exacerbate gentrification? Website: www.Lighthouse.one www.JasonHartman.com/Properties

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