Creating Wealth Real Estate Investing with Jason Hartman

Jason Hartman

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Dec 21, 2017 • 31min

CW 928 - Rich Dad Advisor Ken McElroy - GOP Tax Plan's Impact on Real Estate Investing, Treating Tenants Properly, & the Myth of Home Ownership, Part 2

Jason Hartman and Ken McElroy finish up their conversation started in episode 927. This time, however, the two look into the importance of how property owners (and managers) treat their tenants, and why many people are doing it wrong. They also discuss why the American idea of home ownership may be a massive myth, and two critical pieces to your investment success. Key Takeaways: Jason Intro: [3:29] Apple has confirmed a long-held conspiracy [6:38] Jason believes this tax plan is going to be phenomenal for the economy [10:49] Some back of the napkin math on the impact of the new tax plan [15:19] It's been 3 decades since we've had real tax reform, so Jason's bullish Ken McElroy Interview: [20:42] It's important to treat all your residents as your customers [22:08] Is the idea of home ownership a myth? [24:22] Population growth and migration are two things critical to investment success [27:41] The state of the states Website: www.JasonHartman.com/Masters www.JasonHartman.com/Contest www.MCCompanies.com
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Dec 21, 2017 • 39min

CW 927 - Rich Dad Advisor Ken McElroy on Property Management, Top Investors Mistakes, and Economic Optimism, Part 1

Jason Hartman starts off the show discussing the recent news that economic optimism under President Trump is nearly unprecedented. He also goes into what to look for when moving, and what "The Wheel of Life" is about. Then we have part 1 of Jason's interview with Rich Dad Advisor Ken McElroy, who will be speaking at this year's Meet the Masters of Income Property in La Jolla. Ken tells Jason some of the most common mistakes he sees real estate investors make, why you can't just buy real estate any time you like, and some tips on how to do property management the right way. Key Takeaways: Jason Intro: [3:52] We are at a time of unprecedented economic optimism [6:11] Why Jason enjoys moving and what to look for when you're moving [12:25] CNBC video about current levels of economic optimism [17:34] What The Wheel of Life is about Ken McElroy Interview: [24:16] The two common mistakes Ken sees in real estate investors [26:19] Real estate is cyclical, so you can't just buy all the time throughout your career [28:41] Ken's real estate business model [30:20] Some tips on how to do property management right [33:01] C class properties look good on paper, but in the long run, better quality properties bring better quality tenants Website: www.JasonHartman.com/Masters www.KenMcElroy.com
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Dec 19, 2017 • 29min

CW 926 - Rental Demand, GOP Tax Plan, Trumpbook, & YouTube Censorship with Naresh, Part 2

The GOP tax plan is looking like it's going to be going through in the near future, but with a bill this long nobody is 100% sure how it's going to impact their taxes. In the second part of their interview, Jason Hartman talks with Naresh about what Jason's seen in the tax plan that will impact income property investments and why the plan will create upward pressure on rents. The two also go into censorship in America, from YouTube to Naresh's new book, Trumpbook: How Digital Liberals Silenced A Nation Into Making America Hate Again, which he's been unable to market in traditional outlets that are advertising left leaning books. And don't forget to do your 5-year plan, record it and upload it by Christmas to enter the contest! Key Takeaways: [5:02] This tax plan will be great for real estate investors because it dis-incentivizes buying a home [8:38] The White House clip on taxation [12:05] Supply side economics works, it's not a zero sum game [18:25] The Fed is going to be raising rates six times in the next 2 years, which will be HUGE for real estate investors getting in now [22:23] The 2 things that could ruin Jason's prediction on interest rates impact [23:52] Naresh's new book, Trumpbook, is being censored by the mainstream media. Get a free copy by going to www.NareshVissa.com Website: www.JasonHartman.com/Masters www.JasonHartman.com/Contest www.NareshVissa.com Trumpbook: How Digital Liberals Silenced A Nation Into Making America Hate Again "Earned income by employment is always the least favorable income you can have in the US."
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Dec 19, 2017 • 31min

CW 925 - Portable Society - Bubble Economy, Client Case Study, Sharing Economy, Bitcoin Mania with Naresh

In part one of Jason Hartman's interview with client Naresh, the two discuss what led Naresh to buy his first income properties, why he is now veering away from investing in things like the stock market and cryptocurrencies, and how our portable, sharing economy is changing everything. Naresh is currently purchasing his second rental property while RENTING his apartment in Florida, something most people would consider the "wrong" decision. Key Takeaways: [7:03] How Jason & Naresh first met [9:33] How the "portable society" impacts you as a real estate investor [13:01] The world is changing faster than ever before, so we need to throw a lot of our old ideas out of the window [19:28] We'd all love to get something for nothing, but really we're just gambling [22:38] An interesting piece of education from Naresh's recent trip to Columbia that shows the value of the dollar Websites: www.JasonHartman.com/Masters www.KrishMediaMarketing.com "Nothing is bigger than the American brand, no brand has more value than the United States of America brand"
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Dec 13, 2017 • 47min

CW 923 - Protect Yourself From Scams, Rags to Riches & Back to Rags, Debt Cleanse & Burn Zones with Jorge Newbery

The world today has created criminals that have become more and more sophisticated as crime has gotten harder due to security measures most people are using. Doors aren't left open any more, everything has an alarm on it, but people still don't protect EVERYTHING. Identity theft is a huge problem, and there are scams abound for people who are willing to sink to that level. Jason Hartman warns about some of the newer scams to hit the market. Also, don't forget to do your 5-year plan video or register for Meet the Masters! Then, Jason talks with Jorge Newbery, author of Debt Cleanse: How to Settle Your Unaffordable Debts for Pennies on the Dollar, about Jorge's real estate journey, including having to fight against local government in an attempt not to lose an 1,100 unit apartment complex. Jorge at one point was $26 million in debt and has fought his way back and is set on helping those who need it most. Key Takeaways: Jason Intro: [3:09] Jason's thought on identity theft, which Jason considers the biggest crime in the world [5:57] One of the new telemarketer scams out there today [9:30] A story about how fractional lending actually stopped a man from being foreclosed on in the 60s [12:34] The 5-year plan videos are looking great! Jorge Newberry Interview: [20:26] How Jorge got into the real estate business, and was taken down by a single ice storm [24:46] The City of Columbus, OH wouldn't let Jorge's renovations pass inspections [28:56] A fake news story about Jorge being investigated turned the public against him and his renovations [33:13] Why Jason is okay with the strategic default practice, even as a lender himself [34:39] In his quest to erase his $26 million in debt, Jorge found an error that erased $5 million of it, which led to a startling revelation [38:39] Our whole society is set up to create massive bubbles that burst and allow the powers that be to buy assets for pennies on the dollar while we blame ourselves for the situation [40:45] The wealth concentration in our nation is becoming untenable [42:20] The #1 piece of advice for if you're in trouble with your loan Website: www.JasonHartman.com/Masters www.JasonHartman.com/Contest www.AHPFund.com www.DebtCleanse.com Over the course of time, it is in the interest of the banks, and the creditors, and the Fed...to create these bubbles.
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Dec 11, 2017 • 31min

CW 922 - Consumer Debt vs Real Estate, Bitcoin Mania, Fake Work, Interest Rates - Higher Rental Rates with PNC Bank VP Cody Mamone

There's a whole lot going on in the economic world today, so Jason Hartman decided to talk to Cody Mamone, CTP, a Vice President for PNC Bank, about what on Earth is going on in the cryptocurrency world, and how it might be impacted by Bitcoin now trading on 2 exchanges in the United States. The two also delve into the growth of consumer debt in the past 5 years, as well as where interest rates may be headed and how much of an impact even a slight change in rates can have for investors and homebuyers. Key Takeaways: [4:47] The difference between saving versus savingS rates [9:36] The Fed has some useful data that can be used for your investing research, and one thing in the consumer credit reports stuck out [11:40] The growth in consumer (and student loan) debt in the last 5 years has been astounding {14:32] Cryptocurrency mania is going crazy and it's not a healthy thing [16:51] The REAL environmental destruction that cryptocurrencies are creating [19:45] What's going to happen to Bitcoin now that it will be traded on 2 exchanges? Will the volatility finally end? [25:59] Where are interest rates headed? Websites: www.JasonHartman.com/Masters www.PNC.com A 1% rise in interest rates would disqualify 5 MILLION households from owning a $200,000 home
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Dec 6, 2017 • 33min

CW 920 - Smart Technology is Improving Self Management, & Meetings Suck, Your Vivid Vision, 1-800-GOT-JUNK, COO Alliance with Cameron Herold

Jason Hartman starts off the show with Investment Counselor Carrie from a single family investment trade show in Phoenix, Arizona. The two have been meeting vendors at the trade show and are absolutely amazed at the opportunities that smart technology is creating for investors. These innovations will allow investors to truly increase their profits as they become more comfortable self managing their properties across the nation. Then, Jason goes off topic with Cameron Herold, author of Double Double: How to Double Your Revenue and Profit in 3 Years or Less, and Meetings Suck, about how his Vivid Vision can clarify your purpose and help you get on the right path. It's imperative that every business knows exactly what the mission is, and that every employee in the business knows where the company is headed. It's the only true way to get, and stay, ahead of the competition. Key Takeaways: Jason Intro: [3:32] There's technology coming that will allow you to review tenants (and have them review you) [8:14] Smart technology is making it easier to self-manage properties from a distance, and increasing your profits in the process [8:56] DO YOUR 5-YEAR PLAN! Cameron Herold Interview: [14:15] How writing your Vivid Vision can author your future [17:39] Reverse engineering your Vivid Vision [20:26] Finding the "sweet spot" in length for your Vivid Vision, and how to properly use it [23:43] What should you do with your Vivid Vision? How much does David share his? [28:32] How to run meetings properly [31:41] How long should you book your meetings? Websites: www.JasonHartman.com/Contest www.JasonHartman.com/Masters www.CameronHerold.com
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Dec 4, 2017 • 43min

CW 919 - Real Estate vs GOP Tax Plan vs Foreign Investment in US with Ed Mermelstein, Rheem Bell & Mermelstein

Is the home ownership rate too high? Are millennials going to enter the market and disrupt everything? To answer these questions you have to answer Jason Hartman's key question in life: compared to what? Any time you're making plans or comparing one thing to another, the question of compared to what pops up, and it's something we should continue to ask ourselves. Is buying a rental home a smart option? Compared to what? Should I put money toward this investment? Compared to what? Later in the show Jason talks with Ed mermelstein, founding partner of Rheem Bell & Mermelstein LLP, about what the GOP tax plan will likely do to foreign investment in US real estate. Ed describes how foreign investors are CURRENTLY investing in the US, and whether this plan will make the money flow in to the country or go running away to other countries. This impact will have especially large effects on big name markets like New York, San Francisco, and Los Angeles. Key Takeaways: Jason Intro: [2:45] "Compared to what" is the question you need to ask about everything, and it's especially important when it comes to foreign real estate investors in the United States [8:24] Millennials are entering the housing market, but not in a significant percentage [11:23] Jason's big piece of advice for people making their 5-year plan video [14:21] David Copperfield & Jerry Seinfeld's net worths go to show you the power of media & scalability [16:19] The list of countries with the highest & lowest GNI Ed Mermelstein Interview: [23:59] Will the proposed tax plan make the US real estate market more or less attractive to foreign investors? [26:14] The typical business designation that foreign investors use [28:49] Why some changes in deductions will effect investment in big cities like NY, LA, SF [31:55] Which countries some of the major US markets get most of their foreign investment dollars from, and how the investors are using their properties [35:58] Are any foreign governments buying US real estate? [38:59] The US is in a sweet spot where European and Asian investors will invest, but it doesn't go overboard because of logistics like time differences and distance Website: www.RBMLLP.com www.OneAndOnlyRealty.com www.JasonHartman.com/Contest "If fewer people wanted to own homes it will be better for the economy, and it will be better for investors." Foreign investment tends to sometimes make the news in a negative manner, but we should also consider the benefits of foreign investment in the United States
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Dec 1, 2017 • 34min

CW 918 FBF - Know Your Financing Options: Wrap Around Mortgages & ARM

Today's Flash Back Friday comes from Episode 581, originally published in October 2015. Understanding various mortgage types and how it affects you, the investor. Even though Jason believes in a fixed rate, long-term, buy and hold mortgage strategy, he encourages people to be informed about the additional financing options available. This week he and Naresh take a deep dive into the adjustable-rate mortgage, breaking it down into easy to understand piece parts. They also discuss the wrap around mortgage, what the term negative rate means and give numerical examples to clearly explain each distinct type of calculation. Key Takeaways: [2:46] 5 Elements of adjustable-rate mortgages (ARM) [4:19] 1. Start or Teaser rate [5:10] 2. Index [7:20] 3. Margin [8:50] 4. Annual cap – 3 types [13:38] Negative interest rates [18:17] Negative amortization rate [19:05] Sophisticated investing techniques [22:43] AITD – Wrap around mortgage [24:23] Wrap around mortgage example Website: www.JasonHartman.com/Properties
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Nov 29, 2017 • 47min

CW 917 - Client Case Study, Adam Jackson 11 Properties in One Year - Memphis & Jackson, Financial Statements for Investing, Marine Corps Veteran

Jason Hartman is happy to bring one of his clients, Adam Jackson, on to the show to talk about his journey into real estate investing. Adam started buying properties toward the end of 2016, and has subsequently purchased 11 homes in the past year on his quest for financial freedom. Adam shares what markets he's currently invested in, where he's looking to expand, keeping score with personal financial statements, and keeping a healthy balance. Key Takeaways: Jason Intro: [2:07] Do your 5-year plan and submit it to www.JasonHartman.com/Contest [6:40] 2018 is predicted to be an earthquake heavy year, so be careful with your property in earthquake zones [10:02] Venezuela is the latest example of runaway inflation [13:15] Invest in commodities and fight inflation with income properties Client Case Study with Adam Jackson: [15:33] Who is Adam Jackson? [21:12] Where Adam bought his first property, and why [23:23] Why Adam chose to buy a home with cash [31:12] When you suffer through an expensive repair, remember that your loss is shared by the government on your tax return [33:50] How to keep score via financial statements [38:44] The P vs PC Balance [41:50] Adam's attempt at the abundance mentality and trying to pass along whatever wisdom/money/time he can [45:31] Focusing on a few things in-depth is better than a little bit of everything Website: Submit Your 5-Year Plan! www.JasonHartman.com/Masters Magic Power by Triumph "The other asset, that people don't realize they have, is their credit"

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