Creating Wealth Real Estate Investing with Jason Hartman

Jason Hartman

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Nov 22, 2019 • 1h 4min

1331 FBF: Core Causes of Economic Crisis with William D. Cohan NY Times Bestselling Author of 'Money and Power' & 'House of Cards'

Today's Flash Back Friday comes from Episode 243, originally published in February 2012. Jason Hartman interviews author, former Wall Street senior banker, and best-selling investigative journalist, William (Bill) D. Cohan on the events that led up to the current economic crisis. Bill explains the choices that the big firms, such as Goldman Sachs, JP Morgan, etc, made regarding what type of institution they were going to be, the path of these firms that led up to the current crisis, and how they used the bailout money gifted to them. He said it was one big party on Wall Street, during which brokers were to bring in revenue using a lot of whacky products, until everything came crashing down. Huge bonuses were paid out from the revenue collected from unsuspecting clients. Bill and Jason also discuss the Occupy Wall Street Movement. Bill expressed disappointment in the message of the movement, saying it isn't clear and they need to learn how Wall Street really works so that they can be more effective in bringing about reform. Wall Street has been influencing what goes on in Washington and paying lobbyists and donating to congressional coffers so that they can get the regulations, or lack thereof, that they want, i.e. the Dodd-Frank Wall Street Reform and Consumer Protection Act. Bill talks about how the expansion of Wall Street into Middle Class America was not an accident, using the example of Merrill Lynch being a public company. This ultimately led to broken trust between Wall Street and Main Street, as people have now shied away from risk taking. To solve the problems, Bill suggests changing the incentive system on Wall Street, in that it can no longer be okay to take huge risks with people's money or get paid big bonuses whether they lose money for the firms or not, as well as going back to having to use their partner's capital to operate. William D. Cohan offers audiences a unique, close-up perspective of the greatest financial crisis since the Great Depression. He combines deep knowledge of the investment banking world with the fine storytelling skills of an award-winning investigative journalist. Website: www.WilliamCohan.com
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Nov 21, 2019 • 39min

1330: Truthteller, An Investigative Reporter's Journey Through the World of Truth Prevention, Fake News & Conspiracy Theories by Stephen Davis

After his intro discussing getting the money thing out of the way in pursuing your life and the difference between law and ethics, Jason Hartman talks with Stephen Davis, author of Truthteller: An Investigative Reporter's Journey Through the World of Truth Prevention, Fake News and Conspiracy Theories, about the prevalence of fake news online and in every form of media. The two try to find ways to combat the issue head on and what the average person can do today (and in the future) to avoid being fooled. Key Takeaways: [6:34] Get the money thing out of your way Stephen Davis Interview: [12:32] It's easier now than ever before for governments to lie to you and get away with scandals [14:36] Fake news travels faster than truth on Twitter [17:40] If you want good, investigative journalism, you're going to have to pay for it [23:45] We need to stop letting companies like Facebook and Google escape the responsibility that media outlets have [30:10] How governments deceive you [36:21] Dealing with fake reviews on sites Website: www.StephenDavisWriter.com www.JasonHartman.com/Properties
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Nov 20, 2019 • 29min

1329: Jacksonville Market Profile, New Construction, 1031 Exchanges & Financial Terminology

Jason Hartman and one of the network's Florida market specialists discuss the Jacksonville market and what kind of housing is currently available. The two break down a pro forma for one of the available new construction properties and examine why Florida has become such a hot spot for people fleeing both the East and West coast states. Then we have a segment from Real Data founder and president Frank Gallinelli about financial terminology. It's important when reading pro formas and doing your due diligence that you know what these metrics are. Frank breaks it down so that you're prepared when you go into your next property. Key Takeaways: [4:28] Florida is now drawing people from the East and West coast [6:28] Jacksonville market profile [10:27] Examining a pro forma of one of the new construction properties available in Florida [13:00] There are a couple properties available that you could take advantage of in a 1031 exchange [15:53] People are moving to Jacksonville to be near St Augustine, which is the 2nd busiest place for tourists in Florida behind Disneyworld [18:24] Frank Gallinelli on financial terminology Website: www.JasonHartman.com/Properties www.RealData.com
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Nov 19, 2019 • 27min

1328: Interest Rates, Financial Repression, Housing Affordability & Maker City by Peter Hirshberg

Jason Hartman starts today's show discussing how it's possible that low interest rates can be used as financial repression tool even though it seems like a good thing at first glance. He also explores an article highlighting affordability issues across the nation and how it's impacting markets that Jason's investors bought homes in prior to the runup. Then Jason talks with Peter Hirshberg, founder of Maker City® Project and CEO and co-founder of Lighthouse.one, about Opportunity Zones and how they work with constructing cities. Jason and Peter explore how the incentives were created and why they are crucial to the success of projects like Opportunity Zones. Key Takeaways: [3:47] Part of financial repression is low interest rates [7:42] Affordability is becoming more and more of an issue across the US, including some where investors used to be able to get reasonable properties [10:05] The Water Theory of money Peter Hirshberg Interview: [14:43] Economic reinvention is a bottom up thing as people found what they were good at and innovators moved into the city [18:55] Why you have to create incentives like those the Opportunity Zone offers [22:57] Why real estate matters Website: www.Lighthouse.one www.JasonHartman.com/Properties 'Their house is on fire': the pension crisis sweeping the world Housing in these cities may become unaffordable by 2028
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Nov 18, 2019 • 46min

1327: Taxes, Landlord Laws & Opportunity Zones by Steve Glickman, Chief Architect

Jason Hartman and real estate attorney Bob start today's show discussing the importance of taxes and how they can seriously impact your real estate investing journey throughout your life. They also discuss what makes a good investor and the direction of law when it comes to real estate. Then Jason talks with Steve Glickman, Senior Economic Advisor to President Barack Obama and chief architect of the Opportunity Zone project, about how the Opportunity Zone system works, the definition of an Opportunity Zone and what benefits the program provides for real estate investors. Key Takeaways: [4:33] The multiplier effect of moving to a place where your money is treated better [9:37] Jason's prediction for the next thing landlords will be held accountable for under the law [15:50] What good, talented lawyers for commercial properties always do [19:18] Good investors act, but only because the deal is good, not because they have the money [23:27] Taxes are like reverse amortization [26:02] High taxes encourage bad investments Steve Glickman Interview: [28:14] There are now 8.766 Opportunity Zones across the US [32:31] There are about 300 Opportunity Zone funds targeting $65 billion and have raised about 15% so far. How big is this expected to get? [35:28] The 2 big factors in why zone based programs become unsuccessful [37:16] What is the Opportunity Zone program? [40:23] Will Opportunity Zones exacerbate gentrification? Website: www.Lighthouse.one www.JasonHartman.com/Properties
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Nov 16, 2019 • 26min

1326 FBF: Indianapolis Market Profile, Long Term Tenants & Travel Hacks

Today's Flash Back Friday comes from Episode 983, originally published in April 2018. Jason Hartman takes a victorious look at a recent Wall Street Journal story declaring that more people are viewing renting as a long-term solution to their housing situation. That is FANTASTIC news for landlords, and will put the upward pressure on rent that every investor wants. Jason also gives a few travel hacks for going on a trip to multiple climates, and includes another market profile from producer Adam, this time on the Indianapolis market. Key Takeaways: [2:25] The next decade of being a landlord is going to be amazing [7:05] More and more people are seeing renting as a long term housing solution [10:56] Jason's travel hacking tips for going on a multi-dimensional weather trip [14:57] Indianapolis Market Profile Website: www.JasonHartman.com
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Nov 14, 2019 • 40min

1325: Senior Housing Investing, Appreciation & a Fed Induced Bubble with Ali Wolf

Jason Hartman and Rabbi Evan Moffic start off today's show discussing the major issue of senior housing. It's quite possible that it's been overbuilt and Jason and Evan discuss how you as an investor can take advantage of the aging at home trend. Then we have a second part of Jason's extended interview with Ali Wolf, Director of Economic Research at Meyers Research, LLC., about wage growth, inflation, home appreciation and why interest rates have created some of the bubble that we find ourselves in. Key Takeaways: [4:27] Senior housing may have been way overbuilt [10:45] One of the biggest miscalculations with senior housing was that they thought 65 would remain "old" [13:04] The way to take advantage, as an investor, of the increase in elderly people staying in homes then make sure you're including single story properties in your portfolio [18:41] Jason's prediction on the future of Uber/Lyft/etc drivers Ali Wolf Interview: [20:26] Collective wage growth since 2015 is 13%, but inflation and home prices have gone up 25%, causing a widening gap [24:51] Appreciation has slowed in most markets to the 2-3% range [29:16] The only 2 markets that have seen have a lot of growth in sales in the past 2 years are Indianapolis and Phoenix [32:01] Ali thinks the next downturn could be caused by a "Fed Induced Bubble" Website: www.MeyersResearchLLC.com www.JasonHartman.com/Properties
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Nov 13, 2019 • 32min

1324: Changes for National Association of Realtors & Prosperity in The Age of Decline by Brian Beaulieu, ITR Economics CEO

Jason Hartman talks with Brian Beaulieu, author of Prosperity in the Age of Decline and CEO of ITR Economics, about what's really going on in our economy right now. It's not as doom and gloom as some people have made it out to be, and it wasn't so a few years back. Brian explains what indicators you should really be paying attention to and what's coming up in 2020 as well. Key Takeaways: [3:45] We have a duty to hold people accountable and not accept bad behavior [5:11] Big happenings with the NAR that's going to change the market [10:37] A testimonial that didn't seem like one to start Brian Beaulieu Interview: [15:52] What is the next cycle going to be? [19:05] The G7 leading indicator is something you should be watching [23:34] The peculiarity of the trade tariffs that have been imposed [26:44] Globalization is under severe negative pressure Website: www.ITREconomics.com
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Nov 12, 2019 • 32min

1323: Gentrification Controversy & Opportunity Zones Eric Willett, RCLCO Real Estate Advisors

You've been hearing for a while about how Jason's not a huge fan of Opportunity Zones, worried that they're overhyped. Well, today Jason Hartman talks with Eric Willett, Vice President at RCLCO, about what aspects of Opportunity Zones might be superfluous and how the real estate industry is reacting to the investment opportunity. Key Takeaways: [5:53] We still have no idea the impact/ramifications of Opportunity Zones, but we're already seeing gentrification coming from it [9:15] One of the big criticisms about Opportunity Zones is that many of them no longer need the designation due to investments that have already occurred [13:09] The unintended consequences of Opportunity Zones [17:27] How the gentrification index works [22:57] The current state of multifamily housing Website: www.JasonHartman.com/Properties www.RCLCO.com
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Nov 11, 2019 • 34min

1322: Due Diligence, New Mortgage Models & Thank You to Our Veterans

On this Veterans Day, Jason Hartman and Adam start today's episode discussing the history of the holiday, the 30th anniversary of the fall of the Berlin Wall, and, most important to real estate, the importance of due diligence (and the importance of questioning your own due diligence). Then Jason talks with Patrick Boyaggi, CEO and co-founder of Own Up. Patrick and his company have a new mortgage model that can avoid hard credit inquiries that might aid investors looking for a loan but worried about their credit score. Key Takeaways: [5:50] Jason's previous experiences at the Berlin Wall [11:16] Advice on what to do after you do your due diligence on a property [17:11] Near death experience and a criminals attempt to exploit it Patrick Boyaggi Interview: [21:46] Can rates stay low? [26:24] Using Patrick's mortgage product doesn't give your credit a hard hit, how do they manage that? [30:59] The impact of soft inquiries on your credit score Website: www.JasonHartman.com/Properties www.OwnUp.com

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