Creating Wealth Real Estate Investing with Jason Hartman

Jason Hartman

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May 21, 2019 • 41min

1198: Local Real Estate Investor Associations & A Way to Pay Zero Income Tax? with Kelly Alexander

Jason Hartman and Adam start today's show answering a listener question about the value of local real estate investor associations. Jason has some dueling thoughts on the matter, and explains why you need to be wary when joining one. Then Jason talks with Kelly Alexander, founder of Great American Tax Remedy, about how Kelly has been able to avoid paying Federal income tax since 2014. Kelly's method hasn't had to hold up against an IRS audit, but she's confident that what she's doing is completely legal and can help anyone out. Key Takeaways: [4:47] Jason's thoughts on real estate investor organizations [9:26] Do not fall for the "flavor of the month" or "get rich quick" schemes that you'll hear at some meetings Kelly Alexander Interview: [13:40] How Kelly's tax plan to avoid income taxes works [17:17] Who else is using Kelly's technique? [18:38] What Kelly does when she gets paid in order to avoid income tax [28:36] How to report your income on your taxes under Kelly's format [38:48] Why Kelly's strategy works for both state and federal taxes Website: www.JasonHartman.com/Properties www.MyTaxRemedy.com
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May 20, 2019 • 34min

1197: Using Tenants As Assets, Self-Management Tips & Looking for the Next Recession

Jason Hartman and Kerry take today to look at some of the signs in our economy today that don't point toward a rosy future. But don't take that to mean the sky's falling and we're headed for a doomsday scenario, we've still got some runway left. The two also discuss how self-management can show you things that you wouldn't have known just sticking with a property manager. You don't HAVE to self-manage, but it's important to know how to self-manage so you don't get taken advantage of by your current manager. Key Takeaways: [2:39] There are ominous signs out there for the economy, so we'll see how much longer it can hold them off [5:47] For the first time in a long time, Kerry is bullish on the New York real estate [13:13] Where will the next recession come from? [17:05] There's an urgency that you need to do something now rather than waiting around [21:04] Why Kerry thinks Indiana has been the longest running market for Jason's company [25:19] Utilize your tenants as your assets [30:51] If you choose to self-manage, remember to track ALL of your expenses Website: www.JasonHartman.com/Properties
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May 17, 2019 • 44min

1196 FBF: Inflation: The Best Business Plan For Governments & Central Banks - Never Bet Against The Fed

Today's Flash Back Friday comes from Episode 887, originally published in September 2017. The US is facing a looming financial crisis. In this episode, Jason outlines six business plans the government can use to ease its inflationary pressures. Four of the plans could result in negative outcomes, while the final two plans could achieve debt repayment by way of inflation. Understanding inflation and all of its aspects are not for the light-hearted. Jason explains inflation, how the government reports on inflation and offers up some educational resources for those who want to know more. Key Takeaways: [04:35] Technology is changing the game in all aspects of life. [11:15] Meet the Master's of Income Property Event is a 3-day event in January 2018. [14:15] Jason identifies 6 ways to deal with inflationary pressures. [21:17] Using inflation as a tool to avoid paying debts. [27:39] Understanding the difference between real and nominal and price and value. [33:49] Redistributing wealth through inflation. [40:11] The three ways the government manipulates inflation statistics. Mentioned in This Episode: Property Tracker Real Estate Tools Short-Term Rental Council Confessions of an Economic Hitman by John Perkins
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May 16, 2019 • 33min

1195: Avoiding Home Inspection Pitfalls with Elite Group Inspection Professionals

Jason Hartman talks with Josh and Mike from Elite Group Inspection Professionals about what to expect when getting a home inspection. A good home inspection can save you thousands, and a bad home inspection can cost you thousands. It can be tough to figure out who you can trust when you're getting one done, but Josh and Mike give you some resources to finding a competent inspector and what the major things you should be looking for on your inspection reports. Key Takeaways: [6:49] Make sure you check your home inspector for licenses, certifications and insurance [9:36] Some of the biggest concerns from buyers [14:15] The pros and cons of various roof types [19:09] Expect a lot detail about repairs needed in your inspection, but not about how much they will cost to fix [22:43] What to look for on the interior of the house [25:50] When you need to get a re-inspection done [28:39] Some of the common plumbing problems Website: www.EliteInspections.com
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May 15, 2019 • 33min

1194: Self-Management Deal Making, Tenant Interactions & Maintaining Control with Drew Baker

Jason Hartman and Drew do a small client case study about his journey of self-management, then move into the finale of Jason's examination of Kyle Bass' speech about China. Finally, Jason and Drew explain how Commandment #3 (Thou Shalt Maintain Control) and Tesla's current situation go together, as the company continues to make some poor business decisions and hemmorage money. Key Takeaways: [2:50] Drew's new roof on his Indianapolis home [9:54] When you self-manage, your tenant is part of your team [13:59] Is self-managing really worth it to Drew or is he doing menial work that's not worth it? [15:52] Revisiting Kyle Bass' speech [23:06] How Commandment #3 and Tesla mix [27:03] Tesla is getting dumb money and pillaging it [30:29] In real estate you can fire someone and get another person to do the same job. With big companies like Tesla, you fire Elon Musk and the company's in trouble Website: www.JasonHartman.com/Cruise www.JasonHartman.com/Properties
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May 14, 2019 • 37min

1193: Client Case Study: David Nelson on Self-Management, Diversification & Listen Question on Loans After Fannie Mae & Freddie Mac

Jason Hartman and Adam start today's episode by answering a listener question from Amina, who wants to know what her options are after she maxes out her Fannie Mae and Freddie Mac loans. Surely there are options out there, but what are they? Then Jason has a client case study with David Nelson, who, along with his wife, has amassed a real estate portfolio that has allowed her to retire early to focus on their holdings. David discusses how his cockiness led him into a bad deal, why continual education is important and where his journey is heading. Key Takeaways: [5:15] Listener Question from Amina: what do you do after you max out your Fannie Mae/Freddie Mac loans? [10:34] If you're wanting to cruise to Grand Cayman, Jamaica and Cuba you need to sign up soon! David Nelson Client Case Study: [17:19] David started getting cocky investing in 2016 and didn't pay enough attention to his inspection [20:24] Jason's group doesn't do any one off deals [24:28] How self-management has gone for David so far [29:18] When you combine education with action you can accomplish nearly anything [33:01] Why being 80% in on one asset class isn't necessarily a mistake Website: www.JasonHartman.com/Cruise www.JasonHartman.com/Ask
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May 13, 2019 • 35min

1192: Rent Increases, Investing in a Depression & Devastating Impact of Population Declines

Jason Hartman and Adam use today's episode to discuss some important information about rental rates vs income growth, answer listener questions and what Mark Zuckerberg's college roommate thinks about him. Key Takeaways: [3:29] Rents have been rising faster than incomes in most of the United States [7:56] Investing in a prudent market with lots of government jobs could be helpful for rents not decreasing [13:31] Would real estate investing make sense if another Depression hit the US? [23:36] Population decline can be devastating for real estate investors [29:06] Once big tech companies get their funding they start to lose their touch with the people Websites: www.JasonHartman.com/Cruise www.JasonHartman.com/Ask Jason Hartman's Amazon Flash Briefing
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May 10, 2019 • 47min

1191: Pension Ponzi Schemes, Asset Inflation, War On The Middle Class, Bernie Madoff, Market Cycles, American Greed with Pat Donohoe

Today's Flash Back Friday comes from Episode 872, originally published in August 2017. Jason welcomes Patrick Donohoe of The Wealth Standard Podcast to discuss the dirty details of pensions, insurance policies and Ponzi schemes. Jason describes the difficulties and common mistakes average retail investors make when investing in financial services. And, Pat gives a comprehensive overview of how to make the most of your existing policies in order to invest your money in the most historically-proven asset class, income property. Key Takeaways: [02:25] Is the US a giant Ponzi scheme? [05:31] Understanding the difference between pension benefit plans and contribution plans is essential. [15:15] The financial service industry preys on retail investors. [20:49] Harry Markopolos is waiting to capitalize on a market correction. [27:09] Analyzing the patterns and mistakes of the middle-class investor. [35:27] The Wealth Standard Podcast focuses on helping individuals understand the comprehensive nature of the economy. [37:49] Pat explains how policyholders can reduce their risk and get investment money for cash-flow properties. Mentioned in This Episode: Be Your Bank The Wealth Standard The Wizard of Lies 401K Jail Article Venture Alliance Mastermind
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May 10, 2019 • 33min

1190: Trump's Real Estate Deductions & The Constant Pursuit of More with Steve Jones

Jason Hartman and Adam start off today's show talking about the topic of the news today: Trump's billion dollar "loss" over a 10 year period. What the media fails to mention throughout the whole thing is that he didn't actually LOSE any of that money, he simply had massive deductions thanks to the beauty of real estate phantom deductions. Then Jason talks with Steve Jones, CEO of Allied Universal and author of the book No Off Season: The Constant Pursuit of More, about how his career in sports translated into business success. Steve and Jason look at the various skills learned in sports and how can each be applied to the business world, whether you're an employee or employer. Key Takeaways: [2:55] People are horribly off target thinking Trump is a "Billion Dollar Loser" [5:21] Real estate deductions run on a depreciation schedule [9:37] Real estate offers you a tax deduction you can't get any other way [11:44] How property tax states are able to increase their revenue through land value Steve Jones Interview: [18:16] Your ability to overcome obstacles is going to make or break your success [21:05] Sports teaches you how to work as a team [24:10] Some techniques on how to keep the team cohesive when dealing with adversity [27:49] With no action steps in place you only have a dream, not a plan Website: www.AUS.com www.JasonHartman.com/Properties
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May 8, 2019 • 30min

1189: Artificially Low Interest Rates, the Next Recession & Investment Income From Tenants with Drew, Part 2

Jason Hartman wraps up his talk with Drew from yesterday, as the two leave the topic of self-management and delve into more economic lines of conversation. Jason brings up a recent Peter Schiff tweet and the two dissect whether it holds water in today's environment, as well as discussing how articially low interest rates are impacting the investing landscape we see today. They also discuss a different way to look at the rents you're collecting from your tenants in a way that makes it even more powerful than it looks at first glance. Key Takeaways: [3:01] If falling consumer prices have been good for the last 100 years, why does the Fed think they're bad now? [6:25] The artificially low interest rates are encouraging bad investments [10:24] Who's going to get hit hardest in the next recession? [14:10] Targeted advertising is keeping us from seeing a large chunk of the world today [19:54] It's important to hold yourself accountable the same way you hold your tenants accountable when dealing with your investment properties [23:57] Your tenants are working 33-40% of their work life just to pay you Website: www.JasonHartman.com/Properties

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