Creating Wealth Real Estate Investing with Jason Hartman

Jason Hartman

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Apr 23, 2019 • 30min

1178: Landlord Friendly Markets, Tenant Retention & Self-Management App Bixby by Mark Smukler

Jason Hartman and Adam start the episode today discussing landlord friendly markets. Specifically, how you can determine whether you're investing in markets that are. Jason explains an easy (but not foolproof) way to figure out if a market is friendly to investors, as well as another way to find out the difficulties of evicting tenants in your potential market. Then Jason talks with Mark Smukler, co-founder and CEO at Bixby, about self-management. Mark explains how Bixby is designed to help self-managers and some of the best practices those who decide to self-manage can utilize. This includes how to handle maintenance requests, rent collections and keeping a healthy distance between yourself and your tenants. Key Takeaways: [3:49] How to find landlord friendly states [8:03] The most landlord friendly state in the country is Arkansas [10:47] Ask a few property managers to find out how eviction laws in the state/city work Mark Smukler Interview: [14:44] The two ways Mark sees Bixby working [18:15] How maintenance requests and rent collections work in Bixby [22:09] Bixby allows credit cards to pay rents, and credit card fees can be disputed. How does Bixby deal with that? [23:44] Some property management best practices Website: www.LiveBixby.co www.Twitter.com/LiveBixby www.JasonHartman.com/Properties
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Apr 22, 2019 • 37min

1177: Self-Management, Pooled Assets, Need for Scaleability & Time-Wealthy Investor by Mark Dolfini

Jason Hartman and Adam start today's episode answering a listener's question about whether it's better to invest in a single-family home or to look at larger, pooled assets like a 16+ door multifamily. Jason reminds everyone about Commandment #3, which is especially critical in decisions like these. Then Jason talks with Mark Dolfini, Landlord Coach and author of The Time Wealthy-Investor, about best practices for self-managing your properties. Mark discusses the importance of treating your investments as a business and how to create a healthy distance between yourself and your tenants. Key Takeaways: [7:05] Single family homes tend to get better tenants, appreciate better, get better financing options and several other perks over multifamily [10:14] The risks of investing in pooled assets. Don't violate Commandment #3! [12:20] RV ratios for apartments will be higher because of shared walls, but don't let that be your determining factors between the 2. Mark Dolfini Interview: [14:53] You have to think of your real estate investments as a business [17:34] A simple tweak to keep from giving your cell phone number to your tenants [22:33] Whatever you're doing, it has to be scaleable [28:07] The software Mark likes to use Website: www.LandlordCoach.com www.NTNOnline.com www.IVAA.org www.CCMyAdmin.com
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Apr 19, 2019 • 53min

1176 FBF: Wealth Creation & Asset Protection with Garrett Sutton, Attorney & Rich Dad Advisor to Robert Kiyosaki

Today's Flash Back Friday comes from Episode 371, originally published in April 2014. A best-selling author, speaker and a member of an elite group of "Rich Dad's" advisors, hand selected by author Robert Kiyosaki, Garrett speaks to investors and entrepreneurs on a variety of topics including asset protection, liability limitation, wealth creation, as well as various business and real estate issues. As an advisor for Robert Kiyosaki, Garrett has authored Own Your Own Corporation. Garrett's books provide an accessible source of information for building your own success. A member of the State Bars of Nevada and California, as well as the American Bar Association, Garrett attended Colorado College and the University of California at Berkeley where he received a B.S. in Business Administration in 1975. In 1978, he graduated with a J.D. from University of California's Hastings College of Law in San Francisco. Beyond his desire to educate people and business in wealth protection and growth, Garrett serves on the boards of the American Baseball Foundation, located in Birmingham, Alabama and the Nevada-based Sierra Kids Foundation. Website: www.CorporateDirect.com
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Apr 18, 2019 • 34min

1175: How Inflation Works, Hedonics & Appreciation After Rehab with Mark Ferguson, InvestFourMore

Jason Hartman and in-house economist Thomas start off today's show discussing what inflation really is, and how it's measured. There are different ways inflation can be manipulated, whether it's for political gain or belief system. Then, Jason talks with Mark Ferguson, founder of InvestFourMore, about the state of the housing market in Mark's area of northern Colorado. The two examine the lack of inventory, best rehab practices, what (and when) to rehab, and keeping contractors in line. Key Takeaways: [2:38] How inflation really works and what "core inflation" is [6:27] The 3 major ways we're convinced inflation is lower than it really is [9:39] The importance of hedonics and what Jason hates about it Mark Ferguson Interview: [15:13] Mark is seeing a slowdown in his area [18:57] Things are slowing down, so why isn't there inventory available? [22:52] When the market slows down, rents tend to get strengthened [24:57] Best practices for rehabbing properties and keeping contractors honest and accountable [28:05] How do you decide what to rehab? [30:42] Mark's experience buying a strip center Website: www.JasonHartman.com/Properties www.InvestFourMore.com
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Apr 17, 2019 • 34min

1174: Falling Mortage Rates, Amazon Fulfillment Centers & a Trip to China

Jason Hartman is joined today by Kerry and Carmen as he does one of his last shows from the United States for a little while. Jason and Carmen are off to mainland China and South Korea for a few weeks and they discuss what changes Carmen has seen among all her trips. The trio also look at what the Fed rate hikes and cuts have done to the investment real estate market, as it has created an interesting scenarios for buyers that could be very helpful. Finally, Jason has an "investigative report" from the inside of a ride-sharing trip talking with a former employee of Amazon on how we have been misled a little by the company. Key Takeaways: [2:57] How much of the Fed's rate hikes have been in an attempt to "reload the gun" for the future? [6:11] What the apreciating US dollar is doing to investors around the globe [9:16] Rates are coming down currently but prices aren't rising, which means it's a good time to be buying real estate [12:28] Carmen's previous experiences in mainland China [18:03] Jason and Carmen's visit to the Amazon Fulfillment Center and an interview with a former employee [21:37] Amazon pickers are walking at least 10 miles a day to get orders together [23:22] The pay raise that Amazon gave their warehouse employees was offset by a slash in benefits [28:59] Jeremy Siegel's "Looming Asset Shortage" article Website: www.JasonHartman.com/Properties www.JasonHartman.com/Cruise
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Apr 16, 2019 • 29min

1173: S&P:GDP Ratio from Alan Greenspan, Assisted Living Investing & Zillow Home Purchases

Jason Hartman and Adam take today's show to look at several articles about today's economy and housing market. The first one is about former Fed Chairman Alan Greenspan's thoughts on the economic state of our country in regards to the growing entitlement culture in America. The other article is about Zillow's foray into the home buying/selling world. Adam and Jason break down how each of these things will impact the average real estate investor. Key Takeaways: [3:34] The 10/1 ratio for the S&P and mortgage rates [10:13] The possibility of investing in assisted living centers isn't as appealing as some make it out to be [15:29] Money goes where it's treated best [16:32] How Greenspan's comments correlate with what the current Fed has said about interest rate hikes this year [19:12] Zillow's venture into the home buying/selling marketplace [22:41] Institutional investors will take a lower return than a single individual [25:31] Warren Buffett's giant problem Website: www.JasonHartman.com/Properties www.JasonHartman.com/Events
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Apr 16, 2019 • 30min

1172: Best Market for Investing, New Construction vs Rehabs, Tax Liens & Deeds

Jason Hartman and Investment Counselor Sara are on today's show discussing what makes for the "best" market for real estate investing, as well as branching out into new markets and whether you should buy new construction or rehabbed properties. After Jason finishes his talk with Sara, he talks with Julia, who will be speaking at the event in Savannah, GA about tax liens and deeds. She gives a brief intro to what they are and what she'll be discussing at the event. Key Takeaways: [4:05] What makes a top market? [6:50] Starting to branch out into Pennsylvania [12:36] What some clients across the globe have been up to recently [17:30] New construction versus rehab Tax Liens and Deed Interview: [23:59] An intro to tax liens and tax deeds [24:57] How Julia was able to buy a house in Savannah for simply paying back taxes [27:26] Julia will be teaching how to avoid problem properties and how she evaluates deals Websites: www.JasonHartman.com/Properties www.JasonHartman.com/Events
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Apr 12, 2019 • 27min

1171 FBF: Real Estate Investing Advice & Tax Deductible Expenses

Today's Creating Wealth Show is all about the ins and outs of real estate investing. Jason Hartman discusses what you can do to find your way on the path to wealth and how you can make the most of taxation (really!). Key Takeaways 1.45 – The path to wealth lies in diminishing our wants as we simultaneously increase our incomes. 07.05 – With taxation being everyone's single largest expense, we need to find a way of working that in our favor. 10.05 – Depreciation tax deduction is, without a doubt, great for real estate investors. 14.04 – Income property gives you the benefit of trading assets through your life without paying taxes – legally. 19.43 – Yet another benefit is that travel expenses such as gourmet restaurant dinners and luxury hotel stays can sometimes be tax deductible. Even trips to the Creating Wealth Seminars and Property Tours could be deductible! Website: www.JasonHartman.com/Properties
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Apr 11, 2019 • 40min

1170: Happiness & Objectivism from Tal Tsfany, Ayn Rand Institute & Dot Com Bubble 2.0?

There's a lot of money going into tech stocks in today's world, which was the case back in the late 90s. There are some other signs that we may be entering that territory again. Jason Hartman and Adam break down an article that gives 7 signs that we may be headed for round 2 of the dot com burst and see if they agree with the points. Then Jason talks with Tal Tsfany, President & CEO of the Ayn Rand Institute, about free speech on college campuses, how we should be defining things like happiness and selfishness, and why we should be focusing on the self. They also examine the philosophies of those who want to tax the rich in order to redistribute wealth. Key Takeaways: [2:18] Venture Capital investment in tech is around 1999 levels [6:41] The trait behind the boom and bust of the 90s [12:09] How growth stocks vs value stocks relates to the housing market Tal Tsfany Interview: [16:28] What's happening with speech on college campuses is a result of progressive philosophies [18:16] What would Ayn Rand's political views be in today's world? [21:56] Ayn Rand's definition of happiness [25:23] Love is a goal or value that you pursue. It's a spiritual trade [29:20] Ayn's definition of selfishness [33:18] Berkley students in the 60s were reading Ayn Rand to be cool, but not following through on the axioms Website: www.AynRand.org
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Apr 10, 2019 • 38min

1169: Teaching Kids Investing & Real Estate Analysis Software by Anton Ivanov, DealCheck

Have you started teaching your kids how to invest? That's the question that Jason Hartman and Adam tackle in the opening part of today's show. The two discuss some of the more important things you can talk to your kids about in order to set them up for a lifetime of successful investing. Then Jason talks with Anton Ivanov, founder of DealCheck.io, about his real estate journey and what made him create his deal evaluating software. The two also explore what metrics real estate investors can use to best evaluate deals and where to get numbers that will actually give you accurate results. Key Takeaways: [2:55] The first thing you might want to do to teach your kids about investing and how Adam is approaching it with his kids [7:00] Jason's first savings account Anton Ivanov Interview: [14:57] How Anton became an accidental landlord and started his real estate journey [18:07] How the need to evaluate deals led to Anton's technology, and how to evaluate deals in general [21:26] The only sure way to get accurate numbers in cash flow or profit equations [24:13] Some of the metrics Anton loves to use [28:35] Is the future for landlords as good as Jason believes? [35:12] You can buy in blighted areas if you want, but know that they can take a REALLY long time to turn, if ever. Website: www.VentureAllianceMastermind.com www.DealCheck.io - Promo Code CW25OFF

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