Creating Wealth Real Estate Investing with Jason Hartman

Jason Hartman

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Aug 24, 2018 • 49min

CW 1047 FBF - Financing FAQs You Need to Know, Why the World Looks to U.S. Real Estate to Create Their Wealth

Today's Flash Back Friday comes from Episode 571, originally published in September 2015. Welcome to episode 571 of Creating Wealth Real Estate Investing. If you're here it's because you're interested in creating or growing your wealth through real estate investing. And today's episode is the perfect vehicle to help you do that. One of our experts, Joe, joins us to give the down and dirty details of what it takes to get the best financing deal and the specifications you need to qualify for up to 20 properties. We also talk about whether or not you need an attorney to close a loan, the differences between technical refinancing and cash out refinancing as well as how many months' of reserves you need. This is expert advice free of charge! And it's all here on today's episode of Creating Wealth Real Estate Investing. Quick answers in the lightning round to all of the most important financing questions. We dig in and ask prudent questions of Joe our financing guru. If you are looking to create your wealth through real estate investments this is the episode for you. Down and dirty details of what it takes to get the best financing deal and the specifications you need to qualify for up to 20 properties. Expert advice free of charge! Key Takeaways: Jason's Editorial: [1:23] Lender Lightning Round show [1:58] The great Facebook debate [4:29] Commandment #3 - Thou shalt maintain control [9:28] Ric Edelman's - 10 great reasons to keep a long term mortgage and never pay it off [11:07] The supply chain of financial advisors [15:40] It's an amazing time to be alive [16:18] The Chinese Government makes it easier to buy overseas assets [18:40] Newport Rhode Island trip for Venture Alliance members and guests Lightning Round: [21:30] Inflation induced debt destruction [22:15] Financing 10 properties per spouse through Fannie Mae [22:53] Down payments vary - 5% down reduces your rate [23:43] Financing through an LLC [24:24] 1 loan, 1 property with vanilla residential financing [25:45] Multiple inquiries about your credit score can lower it over time [27:00] A LLC needs different insurance [27:47] Is a power of attorney be sufficient to close the loan [28:29] An attorney is not needed to close the loan [29:57] A 2 year landlord history - Fannie Mae no, Freddie Mac yes [30:56] The minimum credit score is 620 for the first 4 properties, 720 for 5-10 [31:50] Cash out refinancing on investment properties [33:05] You can always finance your primary residence but different guidelines may apply [34:21] Lenders need 6 months of reserves [35:37] Offsetting the mortgage payment based on possible rental income [37:42] Rental income loss [38:38] Technical refinance or delayed financing [40:22] 100% replacement cost needed in homeowners insurance [44:37] Do your due diligence but beware of multiple credit checks Website: www.JasonHartman.com/Properties Fruitcake Fraud
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Aug 23, 2018 • 35min

CW 1046 - Approaching Singularity, Inflation in the US & Abroad & Are AVMs an Ominous Sign

Today's episode features Jason Hartman covering a wide range of issues. The topic of conversation ranges from the coming singularity, what it is, when we might see it, etc, then branches into more on the discussion about Automated Valuation Models (AVMs) and whether they're are the precursor to reckless valuations like we saw before the Great Recession. Jason also looks at the unfortunate situation Venezuela finds them in, with both rampant inflation and a natural disaster on top of it creating serious issues for the citizens of the nation. And finally Jason listens to some of his favorite investigative journalists work as he discusses why investigative jouralism is important and how it is connected to his 3 guiding principles. Key Takeaways: [3:07] The approaching singularity [7:47] The database Jason was wondering about in relation to Automated Valuation Models exists with Fannie Mae/Freddie Mac [10:05] Appraisers are a dying industry because the older ones are retiring and the hoops new appraisers have to jump through are hindering new hires [11:45] Will AVMs cause reckless valuations to return? [14:11] The IMF has announced that inflation in Venezuela this year alone has been 1,000,000% [17:07] Asset price inflation is not a part of the inflation index in the USA, which is a big deal [22:17] The 2 major problems of the humble single family home [26:11] Investigative journalisms ties to Jason's principles of how you can't hear the dogs that don't bark, compared to what, and what gets rewarded get repeated Website: Profits in Paradise Jason Hartman's Alexa News Briefing The PropertyCast John Stossel
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Aug 20, 2018 • 34min

CW 1045 - Good News Economy, Tenant Responsibilities, Saving Money on Repairs & Maintenance

Jason Hartman welcomes his mom back to the show to discuss self managing properties and how to find the best deals when you have to make repairs. The two also talk about what kinds of addendum she's adding to leases recently, rising rents, job numbers and more. Key Takeaways: [2:12] Small business confidence at 35 year high [5:38] Job numbers are not showing an impact from the trade wars [8:14] There's legitimate wage growth for the first time in 4 decades, which is great for all Americans (and our economy) [10:33] Jason's mom has been able to raise 4 of her tenants rent by $100 a month [13:03] Have tenants have changed over the years? [16:10] How his mom gets good deals and aligns the tenants interest with her own [20:12] "You get what you pay for" is not true for much (if anything) in life [24:14] The kinds of clauses Jason's mom is putting in her leases to protect herself from unruly tenants [29:24] How to build a great relationship with your tenants Website: www.JasonHartman.com/Properties www.Zumper.com
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Aug 17, 2018 • 34min

CW 1044 FBF - Real Estate Investing vs The Self Driving Car, Land Values of the Future

Today's Flash Back Friday comes from Episode 568, originally published in September 2015. The sharing economy will certainly change the game in the manufacturing sector but we do not yet know what affect it will have. Considering the normal adaptation lag time and the conversion nuances of each new innovation real estate investors must watch closely as the upcoming game changers come to fruition. Major economic indicators such as unemployment rates and the housing market will be closely monitored. Real estate investing may be entirely different than it is today. Key Takeaways: [2:01] How real estate investors can design their portfolios in the current govt. environment [3:24] 3 Cardinal rules of real estate - Location, location, location [3:57] What is the labor content fallacy or the zero sum game [5:11] Proving Supply side economics or trickle down economics [6:25] Looking at economics by way of technology [8:09] The self driving cars will hurt high value land owners [9:06] An audio clip about self driving cars [10:41] Automotive Industry experts expect an 8 year replacement cycle [11:28] The average car is used only 4% of the time [12:45] How will autonomous driving services affect the auto industry [14:38] A game changer for real estate [15:33] Naresh is skeptical about the dates [18:00] The typical city or town is 40% parking [19:11] Will people need to get in a car and go to work [21:36] A safety app [22:34] Will there be high unemployment or will technology fill in the gaps [25:21] Digital goods basically exhibit a zero cost of production [28:01] Real estate investors normally don't consider what the future may hold [29:25] Jason's private mastermind group, Venture Alliance's Newport Rhode Island trip Mentions: Walk me home app Medium WhatsApp JasonHartman.com Venture Alliance Mastermind
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Aug 15, 2018 • 32min

CW 1043 - Housing & Urban Development Changes, Refinancing & Interest Rates

Today's episode is all Jason Hartman, as he goes through several of the big (real estate) news stories of the day. First there's a new development at the US Department of Housing & Urban Development that could increase housing availability and reduce home values (at least in the short term). Then listen in as Jason tells the current story of his commercial property refinance and all the bumps (and fees) that come with the arduous process. Finally we get to the Fed and interest rates. Jason takes a look at some of the Fed's moves from the past, how they have changed their original charter, and what's happening with interest rates because of that. Key Takeaways: [3:17] There's a homelessness crisis in many cities around the country [6:39] The Department of Housing and Urban Development is trying a new tact that may have a slight downward pressure on real estate values [11:18] HUD is changing the way it determines how communities are enforcing the fair housing act, including relaxing zoning restrictions [15:51] The adventure that is Jason's apartment re-finance [21:03] Cyclical markets are cooling but linear markets are still booming [26:02] The Fed was supposed to be control the quantity of money, but they morphed into being in charge of interest rates [29:04] A basic reason to raise interest rates Website: www.JasonHartman.com/Properties Profits in Paradise Jason Hartman's Alexa News Briefing The PropertyCast
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Aug 14, 2018 • 26min

CW 1042 - Rising Inflation, the Future of AVMs & Impact of Short-Term Rentals with Dr Andy Krause, Part 2

Jason Hartman starts today's show off back in the car with Carmen discussing some news he's seen recently. Inflation continues to creep up, apparently into the range that makes Central Banks happy, but Jason wants to know why we even have to see inflation, and explains what impact that will have. He also discusses the changes in America (and the history of marketing) that turned us into a consumer spending economy and the squeeze on American manufacturers currently happening. Then Jason finishes his interview with Dr. Andy Krause, Principal Data Scientist at Greenfield Advisors and AVM Analytics, as the two wrap up their conversation about Automated Valuation Models (AVM). This time the two discuss the wide range of uses AVMs have, how they're going to be changing moving forward, and how short-term rentals are impacting housing markets across the country. Key Takeaways: [5:07] Inflation is rising into the range the Central Bank deems "healthy" [8:39] America is the land built on consumer spending [12:36] American manufacturers are running low on parts Dr. Andy Krause, Part 2 [15:35] What the AVMs do outside of simply valuing individual homes [17:56] The future of AVMs [21:15] The effects of the short-term rental market on the overall housing market Website: www.GreenfieldAdvisors.com www.AVMAnalytics.com www.JasonHartman.com/Events Jason Hartman's Alexa News Briefing The PropertyCast
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Aug 14, 2018 • 33min

CW 1041 - Insider Sign for Housing Market, Labor Shortages & Science Behind Automated Valuation Models with Dr Andy Krause, Part 1

Jason Hartman starts today's episode with Venture Alliance Member Carmen as the two discuss the possibility of "vacation saturation", what the change in repayment of Jason's loans might mean for the housing industry, as well as labor shortages being experienced in the housing sector. Then we have part 1 of Jason's interview with Dr Andy Krause, Principal Data Scientist at Greenfield Advisors and AVM Analytics, about the state of automated valuation models (AVMs), the potential future for AVMs, how they work, and what practicalities are slowing their development down. Key Takeaways: [4:55] Reaching the point of vacation saturation [10:05] An insiders sign on the direction of the market [14:35] There is a massive labor shortage in construction and wages are going up Dr. Andy Krause Interview: [18:27] The biggest AVM people know about is Zillow [19:28] The science (and accuracy) behind current AVMs [22:22] 2 things that are stopping a database from happening that would significantly improve appraisals [26:52] How does the AVM come up with a value? Website: www.GreenfieldAdvisors.com www.AVMAnalytics.com www.JasonHartman.com/Events Jason Hartman's Alexa News Briefing The PropertyCast
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Aug 10, 2018 • 1h 22min

CW 1040 FBF - Peter Sage, Money is No Obstacle When You Follow Your Passion with Extreme Entrepreneur

Today's Flash Back Friday comes from Episode 490, originally published in March 2015. On today's Creating Wealth introduction, Jason invites Memphis and Little Rock market specialist, Jeremy on to the call. Jeremy talks about his interest in physics and what's going on in these two real estate markets right now. Jason invites Peter Sage from Extreme Entrepreneur to be today's Creating Wealth guest. He is a serial entrepreneur who started his first business at 17. Fernando also joins as guest co-host with Jason and the two ask Peter a series of insightful questions. On the show, Peter shares insight as to why he had a drive to become an entrepreneur, how to find your passion, your why, and much, much more on today's episode. Key Takeaways: 2:30 – Jeremy talks about the double split experiment in physics. 13:20 – What's currently going on in the Memphis and Little Rock market? 18:30 – Jason introduces Peter Sage and Fernando on to the show. 28:30 – Get in touch with what you're passionate about. Ask yourself questions about your life purpose. 39:40 – Why is it that some people struggle to change and others don't? Peter explains. 61:30 – How do we prevent ourselves from falling back into the same old routine? 68:20 – Peter talks about his purpose and his why. 73:20 – Peter talks about his space-based solar power energy project that he started. 78:30 – Pharmaceutical companies are not interested in curing diseases, they only want to maintain them. This current medicine model has to change.
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Aug 10, 2018 • 36min

CW 1039 - On Location From the Fed, KC Market Profile & Investing Integrity of the Centimillionaires with Richard Wilson, Part 2

Jason Hartman starts today's episode from the Money Museum, on location at the Kansas City Fed with KC LMS Dave. The two discuss the Kansas City and the Quad Cities rental markets, what you can get for your money in each and what to expect area wise. Then Jason finishes his interview with family office expert Richard Wilson as the two discuss how much money it takes to make a family office, the importance of integrity in business and investing, and which niche domination can be a good strategy. Key Takeaways: [2:58] It only takes 24 minutes to print 10 million new $100 bills [7:00] What are the Quad Cities and what is the market like there? [11:23] The types of repairs being done on Dave's properties to make them turnkey [14:39] The cost of rehabs have gone way up over the past 7-10 years [16:37] Dave's advice for what type of property is the best for an out of area investor Richard Wilson Interview: [21:34] The net worth you need to make a family office worthwhile [25:20] Niche domination as a strategy [29:20] If you don't have a focused approach to investments, and don't do things highly intentional, you'll never have synergy [31:20] You need to have a dashboard and compass as to where you want to go, and it needs to be documented [33:52] Everything in your life and business needs to have integrity Website: www.FamilyOffices.com
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Aug 8, 2018 • 34min

CW 1038 - Interest Rates, Housing Market Cool Down, & Investing Habits of the Ultra-Wealthy with Richard Wilson, Part 1

Jason Hartman takes some time today to discuss the yield curve and how it's telling us that a slow down might be on the horizon. He goes through the 3 different types of yield curves and the impact all 3 can have on the economy. Negative interest rates are also explained and Inflation Induced Debt Destruction rears its head again as well. Also, don't forget to subscribe to the PropertyCast and get all the new properties first year pro formas straight through your podcast platform! Then, in part 1 of the interview, Jason Hartman talks with Richard Wilson, a family office expert, about what we can learn about investing by looking at what centimillionaires are doing. Key Takeaways: [4:29] What's going on with the yield curve? [9:38] Some back of the napkin calculations on negative interest rates [14:28] The 3 different types of yield curves [18:14] Signs of a turn showing in Orange County [21:59] When the market cools the service providers will become a little more grateful and conscientous Richard Wilson, Part 1 [25:15] Some of the business practices used by centimillionaires [28:58] What a family office really is, and why it's a thing Website: www.FamilyOffices.com The PropertyCast

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