Creating Wealth Real Estate Investing with Jason Hartman

Jason Hartman

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Oct 18, 2019 • 32min

1306 FBF: Asset Protection, LLCs, Corps, Etc. with Rich Dad Advisor Garrett Sutton, Part 1

Today's Flash Back Friday comes from Episode 947, originally published in January 2018. Jason Hartman wanted to make sure that the practice of asset protection is understood by every investor, because it can make or break your portfolio if done wrong. As such, he invited Rich Dad Advisor Garrett Sutton back on the show for a long, in-depth interview. We'll finish it up tomorrow with the second half, but today the two discuss the inside/outside attack on LLCs, discuss which states have weak and strong LLC protections, and how to protect your properties properly. Key Takeaways: [4:26] The impact of controlling the money [7:58] How music has impacted societies around the world [10:43] Want to go to the Icehotel in Sweden with Jason? [13:11] The inside attack versus the outside attack [16:54] California has the weakest asset protection laws in the union [19:00] Why Wyoming LLCs can protect your other LLCs better than any other state [23:34] If you have your state LLC inside a Wyoming LLC domesticated in your state, which state rules apply? [25:44] Why is it called an "Armor 8" strategy and when is it a good choice? [30:37] How the Wyoming LLC provided a win for a car wreck causer Website: Get Garrett Sutton's Slides here
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Oct 17, 2019 • 32min

1305: Client Case Study: Real Estate Investing Before, During & After The Great Recession with Sean Carroll

Jason Hartman talks with client Sean Carroll about the journey he's had with real estate. From starting out as an agent in New York before the Great Recession to losing every penny he had, Sean now has a portfolio of properties that is allowing him to be in the career he wants to be in. Jason and Sean explore Sean's best and worst decisions in order to help you stay on a safe, profitable path. Key Takeaways: [4:04] How Sean lost BIG during the Great Recession [8:53] The deal that truly put Sean under [13:49] The system is set up to create asset inflation [16:24] The owner of a home Sean sold in 2006 is still $70,000 underwater [21:26] Stop calling things problems and start calling them challenges [25:35] Apps, tools, tips Sean has for investors Website: www.JasonHartmanLive.com www.JasonHartman.com/Properties
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Oct 16, 2019 • 31min

1304: Refinancing, Housing Affordability & Homeless to Billionaire, 18 Wealth Attraction Principles for Creating Unlimited Opportunity by Andres Pira

From St. John, New Brunswick, Canada, Jason Hartman looks at 2 news articles that should make real estate investors pretty happy. They're about how even high earners aren't able to buy homes right now (giving us a bigger renter pool to serve) and how the refinance market has skyrocketed and how you can take advantage of it. Then Jason talks with Andres Pira, CEO of Blue Horizon Developments, Managing Director of Phuket Condos & Homes and author of the book Homeless to Billionaire – The 18 Principles of Wealth Attraction and Creating Unlimited Opportunity, about his journey through real estate investing and how he reached this point in his career. Andres explains the importance of giving before expecting and how that will help you succeed in business and life. Key Takeaways: [5:03] People making $100,000 a year still can't buy homes in many American cities [9:16] Refinancing is up 300% due to low interest rates Andres Pira Interview: [13:29] Andres' path through the real estate world [17:48] You have to take risks in life, so just make sure you consider the worst case scenario and whether you can bounce back from it [21:21] Vibrational giving: give out first, then good things will come later [26:31] Stop trying to win deals and make them win-win Website: www.JasonHartmanLive.com www.AndresPira.com
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Oct 15, 2019 • 31min

1303: Fiat Money, Orlando Rental Property & 6 Million New Renters

Jason Hartman, from just outside the shores of Boston, takes a dive into the extent to which the idea of fiat currency has spread throughout the country's conscience in the past few years. Several years ago you wouldn't have heard a peep about it, but with the rise of cryptocurrency it's become more and more prevalent. He also explores Orlando's position in the rental market and how long properties are staying on the market. Then we go to a clip from the 2018 Meet the Masters of Income Property, where Jason discusses how his prediction of 6 million new renters came more than true. Key Takeaways: [4:23] Fiat money is becoming more and more understood by society at large [9:39] Money is moving out of stocks in the largest quantity in the last decade 2018 Meet the Masters: [18:00] The belief that the decline in home ownership rate is a tragedy for society is unfounded [24:20] Eventually Millennials will start inheriting money and that will impact the housing market Website: www.JasonHartmanLive.com www.JasonHartman.com/Properties
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Oct 14, 2019 • 34min

1302: Rent Your Backyard with Spencer Burleigh

From the Fall Foliage cruise, Jason Hartman begins today's show discussing what we don't see when we look at successful people. We don't see the struggles they've dealt with on the way to the success we now see. Then Jason talks with Spencer Burleigh, co-founder of www.RentTheBackyard.com. Spencer's company will build a unit on your land, list it online and split the rental profits with you 50/50 as long as you have an area at least 25' by 20' clear and you live in your home most of the year. Listen in as Jason and Spencer discuss the business model and how you can take advantage of it. Key Takeaways: [6:49] Anybody who is successful, we either don't realize or we forget that their success, but they've fought battles all the way [13:10] A Nelson Mandela quote that you need to remember Spencer Burleigh Interview: [15:35] What problem is Rent the Backyard addressing? [20:30] Rent the Backyard is able to create a second dwelling on the property without getting the land rezoned [25:06] The stigma behind manufactured housing needs to go away, but it also needs to get cheaper [28:38] The income side of Rent the Backyard's business model Website: www.RentTheBackyard.com
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Oct 11, 2019 • 35min

1301 FBF: Leveling the Tax Playing Field, Inflation vs Technology, Popular (Stupid) Economic Ideas, Improve Your Quality of Living

Today's Flash Back Friday comes from Episode 1019, originally published in June 2018. Jason Hartman has a solo episode today as he explores some recent news stories and examines a few items of the day. Venturing all over the topics, Jason mulls over why it's pretty common for the most popular economists to have the worst economic ideas (a la Karl Marx) and why the best economic ideas have the most disliked economists. Which leads to the question, what stupid ideas are we as a society embracing today? He also discusses the Supreme Court ruling that will somewhat level the field of retail as online retailers are now able to be taxed by the states, giving at least some form of a light at the end of the tunnel for retailers. Other topics of the day include the cost of terrorist protection, technology vs inflation, preventing identity theft, and the potential beginning of the demise of a massively overvalued (in Jason's mind) company. Key Takeaways: [4:54] The economists who present the best economic views are not the most popular [7:39] What totally stupid ideas are we embracing as a society today? [13:08] One massively overvalued publicly traded company today [16:39] The tax field was significantly leveled last week [21:14] The battling forces of inflation and technology [24:22] Why you need to shred EVERYTHING with a cross cut shredder [26:45] If you can geoarbitrage, make a conscious choice to live in a higher quality location with a lower cost of living and low or no state income tax [32:57] The demographics coming at the rental housing market in the next 10 years are nothing short of phenomenal Website: www.JasonHartman.com/Properties
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Oct 10, 2019 • 41min

1300: America Before: The Key to Earth's Lost Civilization by Graham Hancock

Jason Hartman begins today's show discussing some potential signs that inflation isn't currently a problem, his recent settlement he received from a landlord and what you can expect from business deals in today's environment. Then, for our off-topic 10th show interview, Jason talks with Graham Hancock, author of the new book America Before: The Key to Earth's Lost Civilization, as well as the best selling book Fingerprints of the Gods: The Evidence for Earth's Lost Civilization, about why the Americas were probably settled long before we originally thought they were. The two also delve into the idea that past civilizations were much more advanced technologically than we give them credit for, their technology was just different from ours so we tend to discount it. Key Takeaways: [4:28] The Producer Price Index has fallen, which suggests inflation is tame [6:35] Jason's recent settlement with a landlord [11:12] When you get in a business deal, don't expect to be able to hold people accountable through the system [14:19] Corporate pensions are underfunded and a huge risk to rely on Graham Hancock Interview: [19:15] A massive cataclysm struck the earth between 12,800 - 11,600 years ago [22:38] It's distinctly possible that the lost civilization was advanced technologically, just in a different way than we currently are [25:21] The Great Pyramid shows us that whoever built it had a complete knowledge of the size and nature of the Earth [28:48] The problem with American archaeologists' Clovis First model [33:45] It's human nature to not want to admit you were wrong, but in the end the evidence will force people to accept new theories that are shown to be correct Website: www.JasonHartmanLive.com www.JasonHartman.com/Properties www.GrahamHancock.com
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Oct 9, 2019 • 35min

1299: Value of a Dollar, Low Inflation Haunts the Fed & Property Tours

Jason Hartman discusses something he has talked about many times today, and that is the value of a dollar. To do so he breaks down a YouTube video by the Wall Street Journal that discusses inflation and what scares the Fed when it comes to it. Then Jason and Investment Counselor Carrie discuss her recent mini-property tour with investors and the upcoming property tour in Florida the day before Profits in Paradise. Key Takeaways: [4:37] Is capital or labor more important [7:47] Low inflation or even deflation can have disasterous consequences [12:59] When rates are low, more people take out credit, and credit is a phantom version of money supply [17:32] Inflation arbitrage can't last forever Jason & Carrie: [23:43] How Carrie's mini-property tour went [26:50] The Refi Til Ya Die plan in today's market [31:15] We're in an environment where you can just ask your lender for a better interest rate and it can work without a refinance [32:27] Inventory is finally starting to pick up Website: www.JasonHartmanLive.com www.JasonHartman.com/Properties Low Inflation Haunts the Fed: Here's Why | WSJ
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Oct 8, 2019 • 38min

1298: Scams, Dan Ariely's Abstract Money & Valuation Inflation

Jason Hartman and Investment Counselor Adam take today's episode to examine a real estate scam that is finally being investigated by the FTC that has been used to defraud untold number of people out of tens of thousands of dollars each. These criminals might finally be held accountable. After that Jason and Adam examine Dan Ariely's YouTube video about how to make money less abstract and why the idea of paying yourself first is so important. They then wrap up the episode with some great economic news for our tenants that neither side of the political aisle is talking about. Key Takeaways: [4:07] The FTC is examining alleged scams with TV stars from shows about flipping [9:33] Be wary of free events [13:20] How to compare your money [16:22] Create your own hedonic values when it comes to your money [18:18] Pay yourself first is an important concept for our lives [20:55] The Pain of Paying concept [27:40] The wage growth story that neither political party wants to take credit for [31:27] The theory of anti-fragility Website: www.JasonHartmanLive.com www.JasonHartman.com/Properties Dan Ariely's Making Money Less Abstract
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Oct 7, 2019 • 24min

1297: Portfolio Reviews, Cash Out Refis & HELOCs

Jason Hartman and Investment Counselor Sara talk about some of the issues that clients are dealing with and considering in today's episode. With rates as low as they've been in years and the ability to refinance or get a line of credit at reasonable rates, what is an investor to do? Key Takeaways: [3:40] Non-refi interest rate reductions are happening, so don't be afraid to ask [7:31] Refi a 30 year fixed rate or do a HELOC? [12:17] A look back at "Go Zones" and what some of the problems were [21:35] The current investor vibe Website: www.JasonHartmanLive.com www.JasonHartman.com/Properties

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