Creating Wealth Real Estate Investing with Jason Hartman

Jason Hartman

Episodes

Mentioned books

undefined
Jan 31, 2020 • 32min

1381 FBF: Commandment #3, Real Estate Ponzi Scheme, Housing Market Slow Down, Opportunity Costs & Risky Loans

Today's Flash Back Friday comes from Episode 1048, originally published in August 2018. Jason Hartman discusses some of the main stories in the news today. The first story is one of the reasons Jason created Commandment #3 (Thou Shalt Maintain Control), the next is a potential sign of a market slowdown from none other than the scandal plagued Wells Fargo, then the potential return of risky loans. Finally we wrap it up with a story on how California might make it even more expensive to live there. Key Takeaways: [2:09] Forgetting Commandment #3 can often be an expensive lesson and the biggest Ponzi scheme in the world [6:52] Always think of opportunity cost when you have money sitting around [12:20] A potential sign of a market slowdown from Wells Fargo [16:49] The housing market is slowing from the top down and hasn't hit the type of homes that Jason's network sells [20:44] Are banks starting to push risky loans? [26:07] California is considering changes to Prop 13 and home requirements, which Jason believes would be devastating for real estate holders Website: Jason Hartman's Alexa Flash Briefing The PropertyCast
undefined
Jan 30, 2020 • 30min

1380: Happiness Is A Kind Of Currency with Rabbi Evan Moffic

Rabbi Evan Moffic, author of The Happiness Prayer, joins us from the Profits of Paradise conference where he speaks on happiness and what leads to a meaningful life. His rich insight on religion, capitalism and happiness give us a new way of approaching personal gain and how we can share that with others. And he invites us to ask ourselves, does more money lead to more happiness? Key Takeaways: [3:00] If money doesn't buy happiness, does poverty buy happiness? [4:05] Are Super Bowl tickets affected by inflation? [8:00] Fannie Mae issues a warning about fake companies [17:50] Does money make us happier? [21:00] From 1-10, how satisfied are you with your life, and does your income affect that? [22:56] Happiness is a kind of currency [26:25] PERMA: Positive emotions. Engagement. Relationships. Meaning and purpose. Accomplishment. [29:30] Love of money is the root of all evil, not money itself. Website: www.RabbiMoffic.com www.JasonHartman.com
undefined
Jan 29, 2020 • 34min

1379: Rock the Recession with Jonathan Slain

Every deal seems too expensive at the outset. Jason Hartman speaks on the Cap rate or less affectionately called, "The Crap Rate" as a faulty metric. And another proof of commandment number 3 of 21 Commandments of Successful Investing, what did Robert Morgan do? Jason Hartman talks with Jonathan Slain, a high growth leadership coach, founder of www.Recession.com, and author of Rock the Recession, about how to prepare your business to ensure that you not only survive, but thrive through recessions. Having a war chest BEFORE it starts is absolutely crucial to your continued success, so make sure you have a plan and rock your way through any recession. Key Takeaways: [5:37] Every deal becomes a good deal looking in the rear view mirror [11:35] How do you grow during a recession? [15:20] You can increase your business significantly by spending into a recession [21:00] Make sure you have a recession plan BEFORE the next recession [23:20] Why Jonathan thinks a pullback will happen in 2020 [27:27] Examine your business to find what you can do that will make your competition irrelevant [31:00] The big opportunities lie on the fringes of creativity Website: www.JasonHartman.com www.Recession.com Rock the Recession: How Successful Leaders Prepare for, Thrive During, and Create Wealth After Downturns
undefined
Jan 28, 2020 • 27min

1378: Due Diligence, The Necessary Steps: Insurance, Home Inspections, Rent Verification & Property Management

Thou shalt diversify. The continuation of our discussion on due diligence. Jason and Adam present tips on investigating the areas in which you own property. Use tools like Google street view to take a tour of the surrounding areas to understand the influences for value and rent. Adam shares a real life scenario on a property in Merrillville, Indiana. Find out what questions you should ask before investing in a property. Key Takeaways: [3:00] Thou shalt diversify. Diversity into three to five markets. [5:55] Use google street view to understand the areas that surround your investment. [8:30] Check with local property management companies to confirm rent estimates. [11:15] Put the system to work with a real life evaluation of a current property. [14:10] The institutional apartments do a really good job of squeezing the rent out. We should be demanding more for our properties. Websites: www.JasonHartman.com/Properties
undefined
Jan 27, 2020 • 29min

1377: How To Do Due Diligence - Pricing, Taxes, Loans, & Home Inspections

Do the Due! Do your due diligence. Jason Hartman speaks with investment counselor Adam Schroeder about key aspects of income property investing including; checking home prices and contacting the Tax Assessor. The two give insight on working with lenders and the importance of home inspection and re-inspection. Key Takeaways: [4:00] Where to find pricing: MLS, Zillow and Tax Assessor [9:10] Pictures can be insanely misleading. Sometimes, it's not even the same house. [14:25] A quick call to the country tax assessor can give you a ballpark estimate on taxes for an investment property. [19:35] Lender deals can change due to dynamics of reevaluations. [24:00] The licensing laws vary from state to state, check the requirements for you state Websites: www.JasonHartman.com/Properties
undefined
Jan 24, 2020 • 29min

1376 FBF: Double Rent Arbitrage, RV Ratios Worldwide, Unwinding Depreciation & Leveraging Debt

Today's Flash Back Friday comes from Episode 1022, originally published in July 2018. Jason Hartman takes a turn to the listener mailbag while talking with Kerry Lutz, founder of the Financial Survival Network. Today's topics run the gamut from when to rent your personal residence, how RV ratios work around the world, how to work with Jason, and how to get OUT of the real estate game as you get older. Key Takeaways: [2:41] Why Jason has long believed the idea of public unions is ridiculous [6:27] The stigma between renters and home owners seems to be disappearing, if not already completely gone [9:54] Mason's question on renting his primary residence [18:42] RV Ratios apply world wide [19:23] How is depreciation unwound? [24:58] Is it wise to put 100% down on a property if you have the cash? Website: www.JasonHartman.com/Properties www.FinancialSurvivalNetwork.com
undefined
Jan 23, 2020 • 33min

1375: Aruba, Jamaica Oh I Wanna Take You To: Success & The Hartman Risk Evaluator - Pt 3

Successful people aren't martians! Success is possible for everyone. Jason Hartman speaks on taking advantage of a lucky situation by preparing for the opportunities that will inevitably drop into our lives. Then, Jason and George Gammon return for the conclusion of our three part story: the building blocks of the Jason Hartman Risk Evaluator. Jason also shares a modern day story taking place in Seattle, proving once again the risk of investing in a cyclical market. Key Takeaways: [3:45] The vast majority of us came from very humble beginnings [8:06] "Luck is what happens when preparation meets opportunity" - Seneca [10:24] The content is what happens, the context is the environment (our head) it happens in [17:45] The risk when investing is in high land values [18:26] Three types of markets: linear, cyclical and hybrid. What market is a preferred market for investing? [23:00] Low land value equals low risk, high land value equals high risk [28:10] Human biases: recency bias, sunk-cost bias, and certainty bias can all distract an investor Websites: www.JasonHartman.com/Properties The PropertyCast www.WeGoLook.com www.NoLo.com www.RocketLawyer.com www.Buildium.com
undefined
Jan 22, 2020 • 34min

1374: Reduce Investment Risk With The Jason Hartman Risk Evaluator (Part II)

In Part 2 of this 3 part series, Jason Hartman breaks down the ingredients of a house, otherwise known as "the improvement." Jennifer, the insurance agent, is a key to understanding the land versus improvement value, and George Gammon shares an exhausting experience with lot subdivision and development. Eric, the appraiser comes out with good news prompting the question, "how would you allocate the new value between the two primary components, land and improvement?" Key Takeaways: [8:13] CPA (Cost Per Action) and is it applicable in a Real Estate Investment [13:37] The ingredients of a house starting with raw materials [16:46] "When I'm looking at an income property... I look at it as though I'm buying a stream of cash flow." [13:38] The ingredients of a house, labor costs [24:06] The ingredients of a house, regulations [27:20] The ingredients of a house, cost of energy [29:05] "How do I know the land value vs the improvement value?" Websites: www.JasonHartman.com/Properties www.WeGoLook.com www.NoLo.com www.RocketLawyer.com www.Buildium.com
undefined
Jan 21, 2020 • 35min

1373: Reduce Investment Risk with The Hartman Risk Evaluator - Pt 1

George Gammon interviews Jason Hartman about The Jason Harman Risk Evaluator. In Part I of this three part series, Jason describes his 'aha moment' after 19 years of experience in Real Estate. The story begins with a call from Jennifer, an insurance agent in Irvine, California that leads to the necessity and application for understanding the LTI (Land to Improvement ratio). Key Takeaways: 1:10 Homework Assignment - GDP, Per Capita GDP, PPP 16:20 "No such thing as a passive investment" 18:03 The Hartman Risk Evaluator, LTV and LTI ratios discussed 21:28 The call from Jennifer, the insurance agent 23:45 What factors increase improvement value Websites: www.JasonHartman.com/Properties The Rebel Capitalist Show
undefined
Jan 20, 2020 • 37min

1372: It's An Amazing Time To Be Alive with Patrick Donohoe

Jason Hartman speaks with returning guest and author of the book, "Heads I Win Tails You Lose," Patrick Donohoe. The conversation touches on topics of an ever changing world culture that continues to reshape how we approach wealth, the freedom to do, and in what we find meaning. Despite some of the chaos and cultural decay, the 2020's are going to bring some excitement to the world. [20:40] It's not freedom from having to do something, it's freedom to do something. [22:07] The order of magnitude: an interesting time in history where we are going to see massive change. [24:00] The rising 3 billion, that aren't online yet: If you think that society has benefited from sharing knowledge, you're right. [26:38] There will always be winners and losers [28:40] The Ritz Carlton Slogan discussion: "Systemize the predictable so you can humanize the exceptional." [32:27] People are still trying to find meaning in other things. [33:16] A little bit of struggle is good for the human spirit Website: www.JasonHartman.com/Properties www.HeadsOrTailsIWin.com

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
 Get the app