Creating Wealth Real Estate Investing with Jason Hartman

Jason Hartman
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Nov 1, 2019 • 38min

1316 FBF: Ron Paul on Liberty, Taxes & 'Construction Void' Housing Bubble Risk

Today's Flash Back Friday comes from Episode 912, originally published in November 2017. Jason Hartman kicks off today's episode with a look at Daren Blomquist's latest Housing Report and breaks it down piece by piece. He examines the data about a long-time low in housing starts, a construction worker shortage, and an investors lament. Then, Jason introduces his guest, and Meet the Masters headline speaker, former Senator Dr. Ron Paul. The two examine what liberty really means, what governments role actually is, the damage our educational system is doing to our society, and what should be done with the federal income tax. Part 2 of Dr. Ron Paul's interview will be aired on Wednesday. Key Takeaways: [3:50] Daren Blomquist, with ATTOM Data, has released his lastest Housing Report that examines the topic of bubble markets [8:16] The construction void: lowest home starts since 1964 [13:16] The idea of a bubble warning [17:04] When Jason didn't buy mobile home parks, an investors lament [20:18] A huge labor shortage in the construction industry [22:05] Don't forget to make your 5 year plan Ron Paul Interview: [24:01] What is the meaning of liberty, according to Ron Paul? [28:50] How do you draw the line about what the government should be involved in? [32:20] Ron Paul's liberty amendment to end income tax [35:58] Progressive education has harmed our nation Websites: www.RonPaulLibertyReport.com
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Oct 31, 2019 • 30min

1315: Rent Control & Building By Building, Block by Block with Paul J Massey, Mayorial Candidate for NYC

Jason Hartman talks rent control today, both in his intro discussing the upcoming deadline for California's state wide rent control, and with Paul J Massey, former mayorial candidate for New York City and CEO of B6 Real Estate Advisors, as the two discuss the impact rent control is having on the real estate market in New York City. Cap rates aren't terrible for multifamily at the moment, but nobody knows what the future of their property is, so it's holding things back quite a bit. Key Takeaways: [3:19] LA City Council recently decided that landlords are required to let current tenants renew their lease [11:22] US housing affordability woes causing migrations Paul Massey Interview: [18:24] Luxury homes and condominiums have been overbuilt in New York City [21:31] What are the reasons rent control is being done? [25:14] Paul's real estate journey in New York City [27:26] Cap rates available in New York City Website: www.JasonHartman.com/Properties www.B6RealEstate.com
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Oct 30, 2019 • 27min

1314: HELOCs, Home Buyers & McMansions with Millennial Marketing Guy Jeff Fromm

Jason Hartman and Adam begin today's show discussing Jason's first car and how he recently adjusted the price of his old cars to inflation. They also discuss what's going to happen to McMansions with the new generations coming and the impact of declining HELOC activity. Then Jason finishes his talk with Jeff Fromm, the Millennial Marketing Guy, about Gen Z & Y. While the two generations are close in age, they are incredibly different when it comes to advertising and habits, so it's crucial that you understand the difference in the two. Key Takeaways: [3:57] Adjusting things for inflation makes a world of difference when comparing [7:46] The generation that's willing to give up the most to buy a home is Gen Z [10:48] McMansions and Millennials [14:03] HELOC activity being lower is a good thing for housing market stability [17:36] The importance of skin in the game Jeff Fromm, Part 2 [18:33] Gen Z and Y both like to be involved with companies that support their causes, but there are some differences [22:42] Will the Millennials and Gen Zers have interest in the McMansions that were built? Website: www.JasonHartman.com/Properties
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Oct 29, 2019 • 34min

1313: Mortgage Payments, Buying Power & Generational Differences Between Gen Y & Z with Millennial Marketing Guy Jeff Fromm

Jason Hartman starts today's episode discussing improved home purchasing power for consumers. Shifts in median mortgage payments has created opportunities for buyers and investors. Then we have the first part of Jason's talk with Jeff Fromm, the Millennial Marketing Guy, about the differences between Gen Y and Gen Z. While the two generations are close in age, they are incredibly different when it comes to advertising and habits, so it's crucial that you understand the difference in the two. Key Takeaways: [4:24] The coming McMansion issue [7:06] One of the High 5 metrics Jason looks at is the median mortgage payment [11:35] Home prices are actually 42% below their 2006 peak when factoring in consumer house buying power Jeff Fromm Interview, Part 1: [20:35] Gen Z are NOT Millennials to the 2nd degree. They're more like Gen X [24:07] Some of the big differences between Gen Y and Gen Z Website: www.JasonHartman.com/Properties www.JeffFromm.com
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Oct 28, 2019 • 29min

1312: Profits in Paradise, New Construction Property Tour & Wealth Simulation

From poolside at their luxurious resort in Orlando, Jason and his mom take a look back at the weekend to examine what all they learned during Profits in Paradise. The two discuss the high quality of construction being done by the team in Florida, what they learned about their real estate business and takeaways from the Wealth Simulation game Doug ran. Key Takeaways: [5:20] The tools we have available for our real estate business can make us a lot more money than we could otherwise [8:36] Jason's mom absolutely loved the single family new construction first impression during the Friday property tour [14:11] James Malinchak's speeches reminded Jason's mom that you can often learn more things from your failures than successes [18:37] As real estate investors we're running Invisible Organizations [21:48] Mitch Russo's girlfriends letter to Jason about Profits in Paradise Website: www.JasonHartman.com/Properties
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Oct 25, 2019 • 33min

1311 FBF: Protecting Assets from Outside Threats with Rich Dad Advisor Garrett Sutton, Part 2

Today's Flash Back Friday comes from Episode 948, originally published in January 2018. Jason Hartman finishes up his conversation about asset protection with Garrett Sutton. The two delve into the external threats to your portfolios this time, looking at how to properly protect your properties if lawsuits come toward you. Garrett also explains when you would want to take an LLC over a corporation, what states are best for protecting you, what actions are being taken to weaken LLCs across the nation, and why doing more than the law stipulates can be a very good, very easy thing. Key Takeaways: [2:38] Photos from Meet the Masters are up at www.JasonHartman.com/Photos Garrett Sutton Interview: [7:31] Two areas where Jason sees real estate creating liabilities for the owner: fair housing and safety [11:47] The external threat is the biggest threat for your assets [13:47] Breaking down Slide #6 [17:54] What you need when you domesticate a judgement [20:02] It's a good idea to have yearly meetings for your LLC even if your state doesn't require it [22:13] States that have good asset protection for LLCs and corporations [24:21] Why an LLC over a Corporation [27:59] Some states are not providing asset protection for single member LLCs [31:59] Garrett's $100 off deal for Jason's listeners Website: Get Garrett Sutton's Slides here www.JasonHartman.com/Properties www.CorporateDirect.com
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Oct 24, 2019 • 53min

1310: Negotiation & Urban Planning by Lawrence Susskind, Havard Law School & MIT

In this off-topic 10th episode, Jason Hartman spends some time analyzing the power of the brain and what our brain does to protect ourselves and allow us to function in our day to day life. He also lays down a challenge for all listeners in order to figure out what's important to us all. Then Jason talks with Lawrence Susskind, Ford Professor of Environmental & Urban Planning at MIT and Vice-Chair of the Program on Negotiation at Harvard Law School and author of Entrepreneurial Negotiation: Understanding and Managing The Relationships That Determine Your Entrepreneurial Success, about what urban development means in today's age and ideas coming up that can help alleviate many of our city's difficulties. Jason and Lawrence also discuss the importance of negotiation and the mindset you must have whenever you enter into them. Many people's attitudes these days are skewed toward doing what's best for themselves, and Lawrence explains why that's wrong and why the methods we're trying to use for negotiations are all wrong. Key Takeaways: [4:25] Always be trying to strengthen your attention muscle [7:15] Our brains are phenomenal at denying we're going to die, which allows us to function [13:59] Jason actually did an assignment that a professor gave in the 1988 movie Cocktail [19:20] What if we embraced life and brought our A game every day rather than thinking death was some thing way off we don't need to worry about? Lawrence Susskind Interview: [24:05] The art of urban planning and its changing nature [27:06] Cities are going through a process of change and we're likely to see big cities continuing to spread rather than becoming denser [32:09] Some ideas for the future on how to reduce or eliminate traffic [36:47] The single most important thing to becoming a better negotiator [41:49] You need to know the other party's options so that you can know where you stand in negotiations [45:42] How negotiation can make you a better leader [50:10] We need to stop thinking that text based communication can be a way to run a business Website: www.EntrepreneurialNegotiation.com www.LawrenceSusskind.mit.edu www.JasonHartman.com/Properties
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Oct 23, 2019 • 31min

1309: Millennial Millionaires Impact, Property Comparisons & Big City Exodus

Jason Hartman and Adam come together to discuss an article from the Drudge Report about the big cities losing workers by the hundreds, as well as a Business Insider article looking at the number of Millennial Millaires and where they're located around the country. Jason and Adam explore what these trends and stats mean to real estate values and what real estate investors can do with that information. Plus, Jason brings an unbelievable property to the show for you, what's the catch??? Key Takeaways: [2:55] Big name cities are losing people in the 150-300 per day range [6:39] A mass exodus to rural areas needs companies to embrace 100% remote working at a higher level [10:19] A property comparison [17:55] Don't just pay things because someone sends you an invoice. Make sure it's legitimate and the best price possible [24:49] Where are the Millennial Millionaires and what's their wealth worth? Website: www.JasonHartmanLive.com www.JasonHartman.com/Properties Drudge Report: Biggest Cities Losing Workers Business Insider: Top 10 States Where Millennial Millionaires Live
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Oct 22, 2019 • 36min

1308: Embracing Struggles, Coming Apart by Charles Murray

Today Jason Hartman examines Chapter 17 of Charles Murray's book, Coming Apart, and explores why it's so important that we face struggles and adversity in our life. Working for things and fighting battles is what makes things worth living, what keeps life interesting. Being handed things doesn't make life better, it makes it boring. Key Takeaways: [3:51] The challenges and struggles we experience aren't bad, they're good [12:31] If you want to build a great real estate portfolio, climb the corporate ladder, anything, you need to fight some battles [15:56] Some recommended authors for your education [20:10] People have compared the US to the Roman Empire, and it's important to remember that Rome collapsed from within [27:06] Not having to work for things makes life boring and can tear you apart [32:49] The more we rely on the government the worse our life gets Website: www.JasonHartman.com
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Oct 21, 2019 • 37min

1307: Graying of America & Don't Save For Retirement, Millennial Guide to Financial Freedom by Daniel Ameduri, Future Money Trends

Jason Hartman and Adam begin today's episode discussing the topic of the graying of America, and what the increasing demographic of people over the age of 80 means to real estate investors. Then Jason talks with Daniel Ameduri, co-founder of Future Money Trends newsletter and author of Don't Save For Retirement: A Millennial's Guide to Financial Freedom, about how the working environment has changed from the Baby Boomers to Millennials and how the Millennial generation need to change their mindset about retirement in order to not be left behind when they're ready to leave the rat race. Key Takeaways: [5:52] How a cruise ship is a metaphor for life [9:55] 18 million adults in the US will be in their 80s in the next decade [12:23] The cost of construction could drive the elderly out of their homes if they need to renovate for their lifestyle Daniel Ameduri Interview: [18:55] What does Daniel mean when he tells people not to save for retirement??? [23:09] Beware financial advisers, there's more education required to be a hair stylist [27:52] Millennials should embrace the freelance economy [32:10] Daniel is seeing boom time for the next year Website: www.JasonHartmanLive.com www.FutureMoneyTrends.com/Save

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