Creating Wealth Real Estate Investing with Jason Hartman

Jason Hartman

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Feb 26, 2021 • 59min

1653 FBF: Edwin Kelly, Using The Self-Directed IRA, Solo 401K & HSA To Maximize Your Portfolio

This episode of Flashback Friday was originally published: July 15, 2015 The world of long term financial savings plans can leave you dizzy. The paperwork can be pages and pages of jargon which make plans hard to distinguish and administer. Jason's guest Edwin Kelly from Specialized IRA Services breaks down the Self Directed IRA, the solo 401k and Health Savings Account or HSA. Arming you with the setup cost and annual fee's to help you make an educated decisions about your investment future. You'll hear solutions to creating wealth and obtaining more passive income through smart investing with a little help from people in the know. Key Takeaways: Jason's Editorial: [2:02] Self directed IRA investing [4:19] Nathan asks about out of state rental properties [5:19] Have at least 4% of the properties value in the bank as an emergency fund [7:22] Steve asks about Jason's foundation [9:12] Steve also asks about credit history and bankruptcy [12:06] Asset based financing; a hard money loan Edwin Kelly Interview: [14:29] Would Donald Trump be a good president? [16:04] Invitation for Warren to be on the show [16:58] IRA Custodians, Administrators what's the difference? [18:01] What are the fee's of self-directed IRA's [19:22] There is no fee sharing or back end money [20:40] A customized approach to IRA's [24:08] People need passive income [25:47] An everyday example of buy and hold real estate investing [30:11] Solo 401k or Individual 401k [34:46] Solo k paperwork was cumbersome and complex [35:55] $400 annually for a self directed IRA and $700 for a 401K [38:32] HSA – Health Saving Account [39:53] An HSA works by marrying the tax benefits of the traditional and Roth IRA's [41:22] Are you able to pay for proactive executive health physicals via a HSA? [42:51] Breast Augmentation for medical reasons is a qualified medical expense [45:17] An HSA is not a Flexible Saving Account [45:55] Investing in buy and hold real estate from the HSA [47:35] HSA and IRA are fairly easy to administer [48:20] An LLC inside of an IRA? [51:08] Multiple LLC's for asset protection Mentions: Specialized IRA Services
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Feb 24, 2021 • 44min

1652: Household Income Finally Up! AOC "Dow Soars," David Collum Pt2

US Household incomes increased more in 2018 than in the past twenty years combined! But why? Jason Hartman shares the numbers reflecting the lack of median income change for twenty years, and then a sudden change in 2018. Housing continues a pleasant upward trend. Oregon takes a new stance on teaching mathematics. Dr. David Collum says, "we are following the script perfectly to an authoritarian state." Are we the people being run by corporatocracy and major media? Key Takeaways: [1:16] Those who do not learn from history are destined to repeat it. [2:00] AOC, "Dow soars, but wages don't." [7:40] Real Median Household Income By The Year, adjusted for inflation. [10:15] Ratios are the most important thing in Real Estate Math! [15:00] A Pathway to Equitable Math Instruction David Collum [20:00] Facebook is just scraping data to sell to advertisers. [21:00] Inflation is here, but how much worse is it going to be? [32:00] The world is being run by the corporatocracy and media - can that pendulum ever swing back? [35:15] "We are following the script perfectly to an authoritarian state." - Collum Websites: JasonHartman.com 1-800-HARTMAN Twitter:@davidbcollum
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Feb 22, 2021 • 38min

1651: REAL Housing Prices! Year In Review by Cornell University's Dr. David Collum

What is the REAL price of a home right now? Jason Hartman reminds listeners of what goes into calculating or predicting housing prices, including some old basics like the cost of lumber, as well as scarcity. Jason and Dave talk about the unseen inflation in goods and services, how inflation has affected the family income, and how we can spend. With a more in-depth look at inflation, David uncovers a bit more of the unseen inflation like the depreciation of product quality. The question continues to be, how far away from ideal are we moving, and will this progression cause the US to implode? Key Takeaways: [2:15] Let's talk about housing prices, who's annoyed? [5:40] If it does NOT produce income, it isn't an investment - it is only a speculation. [9:25] US Housing prices fell more than expected in January amid soaring lumber prices. [13:13] Softwood jumped a record….? Dr. David Collum [20:20] Jason and David speak on the disfunction of the mess we the people are in with money creation and negative interest rates. [23:45] We are in the most overvalued bond market in history. [30:00] How has inflation changed, and how has the expectation of goods and services changed along with inflation? [32:10] Products are built not to last, adding to another unseen inflation, Dave refers to as depreciation. Websites: JasonHartman.com 1-800-HARTMAN Twitter:@davidbcollum
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Feb 19, 2021 • 38min

1650 FBF: Power & Strategy with Robert Greene Best-Selling Author of 'Mastery, Power & Seduction' & 'The 48 Laws of Power'

This episode of FlashBack Friday was originally published: August 3, 2013 Robert Greene, best-selling author of such books as The 48 Laws of Power, The 33 Strategies of War, The Art of Seduction, The 50th Law (with rapper 50 Cent), and Mastery, joins Jason to talk about his wheelhouse topics – power and strategy. Key Takeaways: [1:15] Jason's monologue includes a reflection on his recent European trip. Has his opinion on investing there changed? [7:23] Interview with Robert Greene begins [7:48] Defining mastery and how to attain it [9:36] Description of Robert's latest book, Mastery [10:12] How to discover your life's calling [12:16] Why so many people hit a career wall in their second decade of work [15:02] Check yourself. Are you an entrepreneur [17:16] Charles Darwin. From nobody to one of the greatest scientists ever [19:00] Robert's background [20:09] All about manipulation and how to use it for good [23:05] The 50th Law – 50 Cent; A real American rags to riches story [25:20] The hidden power in fearlessness [27:52] 9 types of seducers – which are you? [30:21] Greatest seducers to ever live [31:15] Napoleon's flanking maneuver and its effect on business today [32:04] The Art of War – does Sun Tzu still matter in today's world? Websites: www.jasonhartman.com www.powerseductionandwar.com Robert Greene on Wikipedia
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Feb 17, 2021 • 50min

1649: Real Estate Wealth Formula with Dan Amerman

Jason Hartman tees up an interview with Dan Amerman about the home being an investment. But before that, are the wind turbines helping or just blowing smoke? Currently, they're frozen. What has "the tolerant" tastelessly said about Rush Limbaugh's passing? Wealth is created with compound interest, making your dollar work for you. Dan Amerman talks with Jason Hartman about understanding, The Homeowner Wealth Formula. Dan says, "one way at looking at the mortgage is that it's a short against the dollar." The primary question; is your home an investment? Books: The Homeowner Wealth Formula Key Takeaways: [2:30] Deep in the heart of Texas, snow and power issues. [4:15] Are wind turbines just blowing smoke? [5:40] We need to be prepared; Check out Holistic Survival [7:45] What have "the tolerant," said about Rush Limbaugh? Daniel Amerman [11:30] Is your home an investment or an expense? [13:30] How can we better understand these home price indices? [17:10] The results of the exhaustive research are incredibly positive. Find out more. [19:20] "One way at looking at the mortgage is that it's a short against the dollar." -Amerman [24:00] The number one historically proven method for creating wealth over the centuries is compound interest. How does this relate to inflation? [31:00] A lot of government programs are "shell games." [34:00] We do expect a wealth transfer from boomers to up and coming generations. Websites: http://danielamerman.com/ jasonhartman.com/sweethome jasonhartman.com/protect JasonHartman.com JasonHartman.com/properties Jason Hartman Quick Start Jason Hartman PropertyCast (Libsyn) Jason Hartman PropertyCast (iTunes) 1-800-HARTMAN
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Feb 15, 2021 • 48min

1648: Housing Prices High/Low? STRLegends, Eric Moeller, Drive-In Markets are Thriving Markets!

Housing seems more expensive right now, but is it? Jason Hartman shares the analysis of home prices when discussing payment, inflation, and historically low-interest rates. Obviously, 2020 was a rough ride for most businesses, particularly those included in the travel industry. Eric Moeller, CEO & Co-Founder of STR Legends, gives us a peek into his business through 2020 in the Short Term Rental market. STRs aren't just about the real estate business but also hospitality. Airbnb made some massive decisions to cater to the guests' needs and not so much their partners in business, the hosts. These hospitality decisions shifted how STRs had to operate to maintain high occupancy. Book Recommendations: Skin In The Game Nassim Nicholas Taleb Key Takeaways: [1:35] Valentine's Day Inflation [3:30] Are we in a bubble, potential housing crisis, or is housing actually cheaper? [6:15] Beware of the "bankster," Skin In The Game. [7:45] We are going through potentially the largest wealth transfer in history. [9:45] The average family is struggling to contend with home prices that are rising faster than income. Let's clarify what Lawrence Yun might have meant. Eric Moller [16:20] In one year, the industry collapsed, there was speculation of AirBnB collapsing, and now a year later, the business model has changed, specifically the length of stay. [17:30] The urban markets have collapsed since COVID-19. [19:00] Have the operators given cuts for longer stays? [20:21] "30 Day Stays" [23:55] "Home Instead of Home" [26:30] Markets outside of major cities are doing 98% occupancy. [27:15] Tiny home experiential markets, for the 30 Day Stay [30:10] AirBnB decisions were being made to prop up their IPO rather than worry about their hosts. [37:00] Even Google is trying to get into the short term rental market. [39:20] Airbnb is a great place for building your business compared to other OTAs (online travel agency) Websites: JasonHartman.com 1-800-HARTMAN STRLegends.com STRProfitAcademy.com
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Feb 12, 2021 • 40min

1647 FBF: Credit Scoring, Short Sales and Nationwide Mortgage Financing

This Episode of FlashBack Friday was originally published: June 21, 2012 Jason Hartman talks with one of the Seattle based lenders in his network about nationwide mortgage financing. You'll gain insights from Steve's 25 years in the mortgage business and you will learns some important distinctions between mortgage brokers, mortgage bankers and commercial banks. As a mortgage banker with several warehouse lines exceeding eight figures, Steve and Jason bring power to overcome financing challenges. A good mortgage banker can offer the greatest number of options with the power of direct funding control. Here are some additional issues addressed in this episode: Mortgage overlays Pre-qualification Rent schedules Counting rental income at 75% Property management agreements Mortgage sequencing DTI or Debt-to-Income Ratios and examples FICO scores and credit repair issues Short sales Foreclosures Medical bills Impact of positive cash flow and negative cash flow Fannie Mae four and 10 financed property thresholds and limits Cash reserves - banks vs brokerage accounts Self-employed borrowers and their write-offs Tax benefits like depreciation Interest rate forecast Inflation forecast Investment forecast Asset protection Community property states Websites: jasonhartman.com/sweethome jasonhartman.com/protect JasonHartman.com JasonHartman.com/properties Jason Hartman Quick Start Jason Hartman PropertyCast (Libsyn) Jason Hartman PropertyCast (iTunes) 1-800-HARTMAN
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Feb 10, 2021 • 42min

1646: Mass Censorship, Centenarian Population Growth, Listener Comments and Responses

Jason Hartman thanks all of the listeners for their comments and compliments. In this "compared to what?" themed episode, Jason responds to several clients' comments from socialism to interest rates. If you like what you're hearing, join the Empowered Investor Inner Circle for many benefits, including a more intimate and candid version of some more complex issues in the real estate industry. The number of centenarians has grown dramatically over the last two decades, which is good news for you as a human and an investor. Key Takeaways: [1:45] Don't talk about the thing you're not supposed to talk about. [4:00] Youtube took down one of my videos! [6:10] How many big companies are burning books? [8:00] The number of centenarians has grown dramatically over the last two decades. [12:00] What's to come of China? [19:45] How do we get US dollars in a time of crisis? [23:00] We are here to help you build a real estate team. [35:00] Interest rates, and buy downs. [40:00] Join our empowered investor inner circle. Websites: jasonhartman.com/sweethome jasonhartman.com/protect JasonHartman.com JasonHartman.com/properties Jason Hartman Quick Start Jason Hartman PropertyCast (Libsyn) Jason Hartman PropertyCast (iTunes) 1-800-HARTMAN jasonhartman.com/empowered
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Feb 8, 2021 • 47min

1645: Elon's $1.5 Billion Move, Green New Deal Impact on Investors, Client Case Study Chad Hewitt

Jason Hartman talks about the opportunities presented by the lurking crises. While some may have concerns about pending laws, people will vote with their feet - and end up in markets that investors might prefer. What can we make of Elon's latest Bitcoin move? Some are still throwing the dice at Bitcoin and similar crypto-currencies, but real estate proves to be a smarter investment. Chad Hewitt appropriately and humorously likens his scaffolding business to a short-term rental property. This Rich Dad, Poor Dad inspired investor shares his real estate story with the Hartman Network. Key Takeaways: [1:30] Crisis is an opportunity riding the dangerous wind. [3:00 What did Elon do? [9:30] "At the end of the day, the most important vote is where people choose to live and how they choose to spend their money." -Jason [11:45] Let's talk about the central banks and the government printing press. [12:45] Elon Musk's $1.5 billion move to the decentralized, uncontrolled trust-less asset. [20:45] Be sure to check out Property Tracker and The Empowered Investor Inner Circle. Chad Hewitt [22:15] Owns a scaffolding business is quite similar to owning a short term rental company. [23:10] Triple net leases simply mean that all expenses pass through to the tenant. [24:30] Originally inspired by Rich Dad, Poor Dad. [28:00] Triple net vs. individual residential real estate. [32:20] Anyone with a decent paying job can get past the 16k barrier to entry. [36:00] Income property is the most tax-favored asset in America because you can depreciate it. [41:30] With a 1031-exchange, you don't need to do the recapture when you sell a home. [41:00] Because of the Green New Deal, the cost to develop your average apartment complex is going to go up. Websites: JasonHartman.com JasonHartman.com/properties Jason Hartman Quick Start Jason Hartman PropertyCast (Libsyn) Jason Hartman PropertyCast (iTunes) 1-800-HARTMAN
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Feb 5, 2021 • 35min

1644 FBF: Averting A Global Depression with Richard Duncan Author of 'The Dollar Crisis: Causes, Consequences & Cures'

This episode of FlashBack Friday was originally published in December, 2012 When the United States stopped backing dollars with gold in 1968, the nature of money changed, becoming the fiat currency system that has now put the world into an unprecedented recession. Jason Hartman is joined by returning guest, Richard Duncan, to talk about how we are in danger of a global Great Depression and how we can stop it. Richard's previous book talked about the inevitable collapse of the dollar, and his new book discusses "a new theoretical construct, The Quantity Theory of Credit, that is the key to understanding not only the developments that led to the crisis, but also to understanding how events will play out in the years ahead." Richard explains how the expansion of credit eventually implodes and the dangers of the contraction of credit. Richard Duncan is the author of three books on the global economic crisis. The Dollar Crisis: Causes, Consequences, Cures (John Wiley & Sons, 2003, updated 2005), predicted the current global economic disaster with extraordinary accuracy. It was an international bestseller. His second book was The Corruption of Capitalism: A strategy to rebalance the global economy and restore sustainable growth. It was published by CLSA Books in December 2009. His latest book is The New Depression: The Breakdown of the Paper Money Economy (John Wiley & Sons, 2012). Since beginning his career as an equities analyst in Hong Kong in 1986, Richard has served as global head of investment strategy at ABN AMRO Asset Management in London, worked as a financial sector specialist for the World Bank in Washington D.C., and headed equity research departments for James Capel Securities and Salomon Brothers in Bangkok. He also worked as a consultant for the IMF in Thailand during the Asia Crisis. He is now chief economist at Blackhorse Asset Management in Singapore. Richard has appeared frequently on CNBC, CNN, BBC and Bloomberg Television, as well as on BBC World Service Radio. He has published articles in The Financial Times, The Far East Economic Review, FinanceAsia and CFO Asia. He is also a well-known speaker whose audiences have included The World Economic Forum's East Asia Economic Summit in Singapore, The EuroFinance Conference in Copenhagen, The Chief Financial Officers' Roundtable in Shanghai, and The World Knowledge Forum in Seoul. Richard studied literature and economics at Vanderbilt University (1983) and international finance at Babson College (1986); and, between the two, spent a year traveling around the world as a backpacker.

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