Creating Wealth Real Estate Investing with Jason Hartman

Jason Hartman
undefined
Oct 6, 2019 • 12min

CW Bonus: Special Announcement, New Properties!

Jason Hartman joins Investment Counselor Sara and one of the Florida market specialists to discuss the upcoming Profits in Paradise event and the Florida property tour the Friday before the event. Prior to the Great Recession, the network dealt exclusively with new construction. Now it's a rarity, but Florida (and Atlanta) is able to provide that right now. New construction allows for win-win-win situations between investors, developers, and tenants. Website: www.JasonHartmanLive.com
undefined
Oct 4, 2019 • 39min

1296 FBF: Your Investment's Weak Link & Dealing with Bad Sellers, Client Case Study with Muthiah, Part 1

Today's Flash Back Friday comes from Episode 995, originally published in May 2018. Today's episode is another in property management education. It's crucial that you identify the weak link in all your investments, as well as figuring out a safeguard against them. When it comes to your real estate investing, it's quite possible that your weak link is your property manager. After his intro, Jason Hartman has part 1 of a client case study with Muthiah where the two discuss an incident Muthiah recently had with a vendor, and what actions you can take when you're being wronged. Key Takeaways: [5:25] Cutting out the middle men - property managers [9:08] One of the best decisions Jason made when he got into the nationwide real estate business 14 years ago [13:09] Looking for the weakest link in your investments [17:30] Jason's been accused of being a complainer, but is that such a bad thing? Complainers change the world Muthiah Client Case Study: [22:27] What happened to Muthiah that created tension with the seller [24:55] If the seller wants to close before the repairs are completed, the only way you accept is if they have money held in escrow in case they don't do what they promised [28:00] The two ends of the company spectrum [30:51] What Jason wants you to negotiate with your property management contract [34:52] The inherent conflict of interest with property managers Website: www.JasonHartman.com/Events
undefined
Oct 3, 2019 • 31min

1295: Home Prices, Mortgage Default Risk & Jobs Report

Jason Hartman and investment counselor Adam take a look at some good news in today's economy. Home prices are expected to continue, mortgages are safer than ever, and jobs are increasing for all. They also look at some not so good news, from foreign money leaving the economy to the high income tax state apocalypse. Key Takeaways: [2:56] CoreLogic expects home price gains to accelerate through 2020 and mortgage rates are expected to stay below 4% [7:53] Mortgage default risk continues to decrease [11:43] Inflation in entertainment has been enormous, watch out for how pooled money asset companies use their money to pay for it [17:10] The high income tax state apocalypse is underway [21:23] Foreign money has helped push out middle class people [27:02] Some great news on jobs Website: www.JasonHartmanLive.com
undefined
Oct 2, 2019 • 34min

1294: The Mystery of Capital, Why Capitalism Triumphs in the West & Fails Everywhere Else by Hernando De Soto

Jason Hartman wants to remind everyone to slow down and notice the things around you in life. Before getting to the main interview, Jason reflects on a country song he almost didn't listen to this morning and how it made him do a little introspection. Then Jason talks with Hernando De Soto, founder and President of the Institute for Liberty and Democracy and author of The Mystery of Capital:, about the elements of capitalism that are most important and how property rights are absolutely essential. They also discuss the growing sentiment toward socialism in the United States and what impact that could have. Key Takeaways: [6:12] Jason's lesson from a country song [9:42] There will be an offering for tickets to the property tour on Friday before Profits in Paradise if you can only make that Hernando de Soto Interview: [12:56] The 5 mysteries of capital [17:35] Capitalism is one of the few (if not only) systems that gives the lower classes a chance against the rich [23:37] What we do as capitalists does not translate to what we do in politics [28:11] The issue of equal opportunity for capital has to be addressed for capitalism to regain its popularity Website: www.ILD.org.pe www.JasonHartmanLive.com
undefined
Oct 1, 2019 • 38min

1293: Jason's Real Life CPI vs Real Estate Story with Thomas

Jason Hartman and Thomas the Economist take today to discuss a different view on Inflation Induced Debt Destruction. Jason and Thomas dig in to some stats from Shadow Stats that show what is, potentially, the real rate of inflation, and it's VASTLY different from the numbers the government puts out for public consumption. Key Takeaways: [6:44] Jason's latest book recommendations [7:55] One huge benefit we get as real estate investors is optionality Thomas Interview: [13:20] Things aren't always as they seem when you look at the real numbers [16:03] Interest rates and mortgage payments [22:22] Houses today are barely any more expensive today than they were in 1989 based on adjusted numbers [28:34] Substitution could be useful for inflation, but the government tends to abuse it to keep the numbers where they want [32:34] How to get your after inflation and tax effective interest rate Website: www.JasonHartman.com/Properties
undefined
Sep 30, 2019 • 38min

1292: Recessions, Manufacturing, Globalization & Wealth Simulations

Jason Hartman talks with Adam about the definition of a recession and what impact globalization may (or may not) have on the future of recessions. They also explore how the United States reacts to trade situations and what impact that has on markets such as the ones we invest in. Key Takeaways: [2:55] With a recession potentially looming, you need to stress test your portfolio, which is something we'll be doing at Profits in Paradise [8:09] Some of the old recession indicators aren't as reliable anymore because causes of GDP have shifted over the years [10:48] A strong manufacturing base makes local economies take much longer to shift [16:08] Why do they say that de-globalization could lead to more recessions [19:40] It's important to look at states the same way we do countries to see which states are the friendliest to businesses [24:41] The hidden benefits of self-management [27:13] This year's wealth simulation will really delve into how Refi Til Ya Die really works [26:00] The hidden benefits of self-management [28:32] This year's wealth simulation will really delve into how Refi Til Ya Die really works [32:54] A Baltimore, MD property available Website: www.JasonHartmanLive.com www.JasonHartman.com/Properties
undefined
Sep 28, 2019 • 5min

CW Bonus: Theory of Relativity & Real Estate Investing Guided Visualization

Today focuses on Commandment #13: Thou Shalt Understand the Theory of Relativity As It Applies to Real Estate Investing. Visualization is an immensely powerful thing. What the mind can conceive and believe, the mind can achieve. Because of the power of visualization, Jason went and found an expert who can help real estate investors get in the right mindset and, hopefully, set you on a path to an even better portfolio and life. Website: www.JasonHartman.com/Properties
undefined
Sep 27, 2019 • 34min

1291 FBF: Property Management Strategies with Jason's Mom & Drew, Part 2

Today's Flash Back Friday comes from Episode 952, originally published in February 2018. Jason Hartman, his mom Joyce, and Drew finish up their long talk about property management practices. This time Drew throws some questions toward Joyce about how to walk the line with a tenant while still keeping a good personal relationship with them, tenant retention, and Jason's theory on the pinball effect that can happen when you own enough places in one market. Key Takeaways: [2:01] Occassionally you may have difficulty with insurance when you self-manage [2:56] The riskiest part of self-managing is the tenant turn [6:34] Join Jason on a trip to Sweden or come to San Jose for the next JHU event Jason's Mom & Drew Interview: [9:34] One of the nice things about not being near your investment properties is that you CAN'T go over and meet anybody [11:56] How to retain tenants, and how to get rid of deadbeats [14:16] Once you've formed a relationship with a tenant as a self-manager, is it awkward to raise the rent on them or enforce late fees, etc? [18:38] When do you build the expectation of rent increases into the relationship? [25:39] Why the hybrid management is the best system, and what to expect from your realtor helping you [28:15] Do self-management styles change based on the type of neighborhood your property is in? [31:46] Jason's pinball effect when you have enough properties in one market Website: www.JasonHartman.com/Properties
undefined
Sep 26, 2019 • 37min

1290: New Construction Rates & Wealth Can't Wait, Avoid the 7 Wealth Traps & Miracle Morning Millionaires by David Osborn, Magnify Capital

Jason Hartman starts today's show discussing an article that explains how hard new construction starts are hitting various markets. They're down by over 80% in some markets and over 50% in a majority. Then Jason talks with David Osborn, co-founder of Magnify Capital and best-selling author of Wealth Can't Wait: Avoid the 7 Wealth Traps, Implement the 7 Business Pillars, and Complete a Life Audit Today!, about making the conscious decision to be wealthy and how you can actually follow through on that decision while avoiding common pitfalls. They also discuss how absolutely vital the morning is to your life and how you can win the morning. Key Takeaways: [2:44] Home building is down more than 50% since before the Great Recession [7:32] Chicago only has about 20% of the construction they had before the Great Recession David Osborn Interview: [15:40] Being wealthy starts with making a choice [19:36] The mindset is critical but often overlooked [23:49] When you become successful you eventually just have to learn to deal with being in lawsuits [26:58] Do NOT hire someone just because you like them [33:49] Miracle Morning Millionaires [35:47] By 11am the world is coming at you and you're in reaction mode Website: www.DavidOsborn.com
undefined
Sep 25, 2019 • 34min

1289: GDP & Real Estate Investing

Jason Hartman and Adamp take a deep dive into what GDP is and some of the plusses and minuses inherent to it. While breaking down a CNBC video explaining GDP they look at whether government spending should be increased, decreased, or left the same, how just because GDP is rising doesn't mean our economy is improving, and much more. Key Takeaways: [4:33] What Jason learned from a New York City bus driver [10:26] The CEO of WeWork has stepped down, who helped show the importance of Commandment #3 [16:06] US GDP is 38% government spending [21:02] Importance of looking at GDP rates and inflation rates [26:40] The important relationship between income distribution and GDP Website: www.JasonHartmanLive.com www.JasonHartman.com/Properties

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app