Creating Wealth Real Estate Investing with Jason Hartman

Jason Hartman

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Sep 13, 2019 • 56min

1281 FBF: Richard Vague, Private Debt Problems, The Next Economic Disaster, Why It's Coming & How to Avoid It

Today's Flash Back Friday comes from Episode 494, originally published in March 2015. In the introduction portion of the Creating Wealth show, Jason Hartman answers two voicemail questions left by his listeners. He then introduces Richard Vague as his guest for today's show. Richard Vague is one of the few economists who are currently talking about the problems of massive private debt. He is the author of The Next Economic Disaster and talks to Jason about China's economic problem along with some interesting facts and correlations about the US economy. Key Takeaways: 8:00 – Jason talks about the 6 ways the government can get out of its mess. 11:20 – Jason answers a listener voicemail question. 18:50 – A listener asks about 3D printing a house. Jason shares his thoughts. 24:30 – Jason introduces Richard Vague to the show. 29:15 – Richard talks about China's debt problem. 35:10 – Private debt growth leads to higher interest rates. 38:15 – Richard gets his stats by looking at all consumer and business debt. 42:30 – A lot of economists don't include private debt in their model. 49:00 – What should we do to avoid the next economic disaster? Richard explains. 51:10 – Quick recap, what are the stages of an economic crisis? Mentioned In This Episode: The Next Economic Disaster by Richard Vague www.Debt-Economics.org
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Sep 12, 2019 • 31min

1280: Secret Millionaire James Malinchak on Success Mindset

Jason Hartman talks with James Malinchak, #1 speaker coach & trainer and former Secret Millionaire on ABC (as well as this year's Profits in Paradise keynote speaker), about his time on the TV show as well as how people can take what they have, get the right mindset, and turn their life into a success. There are a lot of external forces on you in your life, but the response you have to all of them is strictly up to you. Key Takeaways: [7:27] James' experience on The Secret Millionaire [15:36] What are the traits that lead someone who is poor to become successful? [18:22] In every situation you can either have excuses or results, and excuses don't matter [22:05] The response you choose to tell yourself after an event is all that really matters [25:38] What James will be talking about at the upcoming Profits in Paradise [29:34] It is an absolute necessity to invest in yourself Website: www.JasonHartmanLive.com www.BigMoneySpeaker.com
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Sep 11, 2019 • 37min

1279: Warning Signs in the Economy & Banking on the People, Democratizing Money in the Digital Age by Ellen Brown, Web of Debt, The Public Bank Solution

Jason Hartman talks today about the news he's seen recently while avoiding Hurricane Dorian. That includes problems with pooled assets, taking out the management fees and industries that are taking a turn for the worse that show potential weakness in the real economy. Then Jason talks with Ellen Brown, author of Banking on the People: Democratizing Money in the Digital Age, about the money supply, specifically as it relates to what we refer to as "Quantitative Easing". Ellen explains how she believes we can solve some of society's woes and why she isn't on board with Modern Monetary Theory. Key Takeaways: [3:20] There are more lawsuits being filed over 401k fee abuse [5:07] How much better would our economy be if insiders stopped skimming off the top? [8:37] Workers under 35 are saying they're content with their pay [11:56] The trucking and shipping industry is having some problems Ellen Brown Interview: [13:22] Quantitative easing needs to be changed to get money out into the real economy [21:27] What Ellen means when she talks about "speculative markets" [24:54] What does this mean for the average person? [29:04] 80% of the population is carrying debt right now [33:45] What is keeping Ellen from being a fan of MMT Website: www.EllenBrown.com www.JasonHartman.com/Contest www.JasonHartman.com/Properties
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Sep 10, 2019 • 34min

1278: Home Buyers Giving Up & Self Made, Becoming Empowered, Self-Reliant & Rich in Every Way with Telemundo & Fox's Nely Galan

Jason Hartman and Adam begin the show discussing how half of the potential home buyers are currently throwing in the towel because they can't find a house in their budget. They're getting discouraged and losing hope for the future as well, causing a surge in renters. As an investment property owner, that puts you in a fantastic position. Then Jason talks with Nely Galan, former president of Telemundo and author of Self-Made: Becoming Empowered, Self-Reliant and Rich In Every Way, about her journey up the corporate ladder and why she got in to investing in commercial properties. Nely took the dramatic step of leaving a solid, promising job in network TV to become employee #1 at a small startup called Telemundo. Nely explains how you can use your early jobs to prepare yourself for your own success and why sacrifice is necessary. Key Takeaways: [4:39] Since the Great Recession homebuilders have just ignored investment priced properties [7:07] One reason why Jason doesn't like owning a primary residence [11:31] The number of adults who think they'll buy a home in the next year has dropped from 24% to 12% since the start of 2018 Nely Galan Interview: [14:44] Make mistakes on other people's dime so you can succeed when you go out on your own [19:34] Being employee #1 can be worth it [21:09] Every job you do teaches you something that eventually leads to mastery [24:07] Why Nely wrote Self Made [27:59] You have to be willing to sacrifice something to get something better Website: www.JasonHartman.com/Contest www.BecomingSelfMade.com
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Sep 9, 2019 • 37min

1277: Empowered Investor Contest, NOI & Cap Rates with Frank Gallinelli & Self-Management with Property Meld's Ray Hespen

Jason Hartman and Adam start today's show with some more details about the exciting (and potentially very lucrative) contest that's going on called The Empowered Investor. You could potentially win a $3,000 cruise allowance and 2 tickets to Profits in Paradise! Then Jason plays a clip from Frank Gallinelli where Frank explores two things that real estate investors need to understand, even if you don't use them every day: Net Operating Income and Capitalization Rates. Finally Jason talks with Ray Hespen, co-founder and CEO of Property Meld, about how property owners can proactively close the problem areas that tenants and landlords have in order to retain the tenants longer. Learn how tenants like to be contacted in today's age, why they leave, and how Ray's software may be able to help you. Key Takeaways: [2:46] How to enter the Empowered Investor challenge and win free tickets to Profits in Paradise [5:55] Deadline for submissions is midnight EST, Monday September 23, 2019 [7:35] Frank Gallinelli presentation on Net Operating Income and Capitalization Rates Ray Hespen Interview: [21:33] What issues does Property Meld address to help the tenant? [23:27] Around 1/3 of all non-renewals are due to poor maintenance experiences [29:02] The strongest correlation between maintenance requests and renewals is speed, hands down [31:35] Renters nowadays want to be texted, not called Website: www.JasonHartman.com/Contest www.PropertyMeld.com www.RealData.com
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Sep 8, 2019 • 5min

CW Bonus: Guided Visualization #14

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. Today's guided visualization journey takes us back to the very first week. Website: www.JasonHartman.com/Properties
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Sep 6, 2019 • 34min

1276 FBF: Asset Inflation Keeping People Out of The Investor Class, Stagnation, Hard Money Lending, Wage Growth with Mike Zlotnik

Today's Flash Back Friday comes from Episode 837, originally published in May 2017. This episode is very telling about the current and future state of the current US economy. Jason welcomes Tempo Funding Managing Director Mike Zlotnik to the show to discuss the what factors gave rise to and will ultimately tank the economy. As listeners to this program, you know real estate is the best class to hedge against inflation but if you also invest with institutional investors it may be time to fold your hand and become your own decision maker. Key Takeaways: [03:30] Yield rate and Cap rate compression defined. [08:01] After the 2008 crash the deal flow was abundant. [10:04] Institutional investors get rewarded for deploying capital, not finding the best deal. [15:04] Inflation is here and markets are softening. [20:44] Stagflation is a bizarre scenario but it is likely to happen. [29:19] Investors must prepare for the worst-case scenario. [30:51] Tempo Funding provides short and long-term hard money lending. Mentioned in This Episode: Jason Hartman Venture Alliance Mastermind Rent Control Movie Tempo Funding
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Sep 5, 2019 • 40min

1275: Fannie Mae's Chief Economist on Housing Market & Real Estate Dynamics in 300 Markets with Local Market Monitor's Ingo Winzer

Jason Hartman is back and talks with Adam today to discuss Fannie Mae's Chief Economist Doug Duncan's latest comments about the housing market. Not surprisingly, the huge lack of inventory is making a substantial impact. Jason and Adam break down how big an impact it is, what's causing it, and if there's hope on the horizon. Then Jason talks with Ingo Winzer, founder and president at Local Market Monitor, about how his company is able to analyze 300 local markets and what elements are important for investors to pay attention to when examining markets on their own. Key Takeaways: [6:29] The graying of America [11:10] Getting into real estate might seem expensive now, but it also seemed expensive in the 70s, 80s, 90s, etc and it's turned out pretty good [13:16] The labor shortage in construction since the Great Recession is going to make ramping up construction difficult Ingo Winzer Interview: [19:08] Rents behave differently from prices because rents tend to move with income [25:12] What Ingo bases his price forecast on [30:49] How do you factor in retired people and those in the gig economy when factoring in the job market [35:05] You need to figure out where the concentration of renters are in your market before you invest Website: www.JasonHartman.com/Cruise www.LocalMarketMonitor.com
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Sep 4, 2019 • 30min

1274: Home Prices, 100 Year Bonds & Startup Countries & Seasteading by Patri Friedman

In place of a voiceless Jason Hartman, Adam takes the reins today to discuss some articles that have come across his eyes discussing home prices in various areas of society and why they shouldn't be as big a surprise as the media seems to think they are. He also touches on the possibility of the government offering a 100 year bond. Then Jason talks with Patri Friedman, Executive Director of The Seasteading Institute, about creating new countries using the seasteading technique. Patri discusses how the concept would work in today's environment and why it's not absurd to think of a country being created on the water. It's coming sooner than you expect. Key Takeaways: [2:34] Home prices in driveable areas are now outpacing those in walkable areas [4:39] Government considering offering a 100 year bond Patri Friedman Interview: [8:36] What is seasteading? [13:28] Why not just buy land from a country rather than doing everything out at sea? [17:28] Patri's goal is seeing governments competing for citizens by treating them best [21:04] How do you deal with security when you're in the middle of the ocean? [25:25] What are these seasteads going to do for currency? Website: www.JasonHartman.com/Cruise www.JasonHartman.com/Events www.Seasteading.org www.Twitter.com/Patrissimo
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Sep 3, 2019 • 28min

1273: The Ultimate Self-Directed IRA, Using Self-Directed IRAs & Solo 401ks To Invest In Real Estate, Bitcoin, Ethereum, Cryptocurrencies, Gold & More with Jeff Astor

Jason Hartman talks with Jeff Astor, VP of Business Development at Broad Financial and author of The Ultimate Self-Directed IRA:: Using Self-Directed IRAs & Solo 401ks To Invest In Real Estate, Bitcoin, Ethereum, Cryptocurrencies, Gold, Private Businesses, Startups, Exotics & Much More, about how to invest in various assets at the "arms length" that the tax code requires. Jeff explores some unique investments clients have made that satisfy the legal requirements, as well as explaining the difference in the 2 types of self-directed IRAs. Key Takeaways: [6:43] What are "exotic" investments and how you keep your investments "at arms length" [9:45] There are 2 types of self-directed IRAs, the custodial model and the checkbook model [13:52] Finding financing for IRAs since you need a non-recourse loan [17:10] Do people set up multiple LLCs inside their IRA to get even more asset protection? [21:44] Make sure you do your research on self-directed IRA companies, because custodial companies rely on trust [24:50] Can you take possession of precious metals if you purchase them through a self-directed IRA? Website: www.JasonHartman.com/Events www.JasonHartman.com/Properties www.BroadFinancial.com

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