Creating Wealth Real Estate Investing with Jason Hartman

Jason Hartman

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Oct 25, 2019 • 33min

1311 FBF: Protecting Assets from Outside Threats with Rich Dad Advisor Garrett Sutton, Part 2

Today's Flash Back Friday comes from Episode 948, originally published in January 2018. Jason Hartman finishes up his conversation about asset protection with Garrett Sutton. The two delve into the external threats to your portfolios this time, looking at how to properly protect your properties if lawsuits come toward you. Garrett also explains when you would want to take an LLC over a corporation, what states are best for protecting you, what actions are being taken to weaken LLCs across the nation, and why doing more than the law stipulates can be a very good, very easy thing. Key Takeaways: [2:38] Photos from Meet the Masters are up at www.JasonHartman.com/Photos Garrett Sutton Interview: [7:31] Two areas where Jason sees real estate creating liabilities for the owner: fair housing and safety [11:47] The external threat is the biggest threat for your assets [13:47] Breaking down Slide #6 [17:54] What you need when you domesticate a judgement [20:02] It's a good idea to have yearly meetings for your LLC even if your state doesn't require it [22:13] States that have good asset protection for LLCs and corporations [24:21] Why an LLC over a Corporation [27:59] Some states are not providing asset protection for single member LLCs [31:59] Garrett's $100 off deal for Jason's listeners Website: Get Garrett Sutton's Slides here www.JasonHartman.com/Properties www.CorporateDirect.com
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Oct 24, 2019 • 53min

1310: Negotiation & Urban Planning by Lawrence Susskind, Havard Law School & MIT

In this off-topic 10th episode, Jason Hartman spends some time analyzing the power of the brain and what our brain does to protect ourselves and allow us to function in our day to day life. He also lays down a challenge for all listeners in order to figure out what's important to us all. Then Jason talks with Lawrence Susskind, Ford Professor of Environmental & Urban Planning at MIT and Vice-Chair of the Program on Negotiation at Harvard Law School and author of Entrepreneurial Negotiation: Understanding and Managing The Relationships That Determine Your Entrepreneurial Success, about what urban development means in today's age and ideas coming up that can help alleviate many of our city's difficulties. Jason and Lawrence also discuss the importance of negotiation and the mindset you must have whenever you enter into them. Many people's attitudes these days are skewed toward doing what's best for themselves, and Lawrence explains why that's wrong and why the methods we're trying to use for negotiations are all wrong. Key Takeaways: [4:25] Always be trying to strengthen your attention muscle [7:15] Our brains are phenomenal at denying we're going to die, which allows us to function [13:59] Jason actually did an assignment that a professor gave in the 1988 movie Cocktail [19:20] What if we embraced life and brought our A game every day rather than thinking death was some thing way off we don't need to worry about? Lawrence Susskind Interview: [24:05] The art of urban planning and its changing nature [27:06] Cities are going through a process of change and we're likely to see big cities continuing to spread rather than becoming denser [32:09] Some ideas for the future on how to reduce or eliminate traffic [36:47] The single most important thing to becoming a better negotiator [41:49] You need to know the other party's options so that you can know where you stand in negotiations [45:42] How negotiation can make you a better leader [50:10] We need to stop thinking that text based communication can be a way to run a business Website: www.EntrepreneurialNegotiation.com www.LawrenceSusskind.mit.edu www.JasonHartman.com/Properties
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Oct 23, 2019 • 31min

1309: Millennial Millionaires Impact, Property Comparisons & Big City Exodus

Jason Hartman and Adam come together to discuss an article from the Drudge Report about the big cities losing workers by the hundreds, as well as a Business Insider article looking at the number of Millennial Millaires and where they're located around the country. Jason and Adam explore what these trends and stats mean to real estate values and what real estate investors can do with that information. Plus, Jason brings an unbelievable property to the show for you, what's the catch??? Key Takeaways: [2:55] Big name cities are losing people in the 150-300 per day range [6:39] A mass exodus to rural areas needs companies to embrace 100% remote working at a higher level [10:19] A property comparison [17:55] Don't just pay things because someone sends you an invoice. Make sure it's legitimate and the best price possible [24:49] Where are the Millennial Millionaires and what's their wealth worth? Website: www.JasonHartmanLive.com www.JasonHartman.com/Properties Drudge Report: Biggest Cities Losing Workers Business Insider: Top 10 States Where Millennial Millionaires Live
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Oct 22, 2019 • 36min

1308: Embracing Struggles, Coming Apart by Charles Murray

Today Jason Hartman examines Chapter 17 of Charles Murray's book, Coming Apart, and explores why it's so important that we face struggles and adversity in our life. Working for things and fighting battles is what makes things worth living, what keeps life interesting. Being handed things doesn't make life better, it makes it boring. Key Takeaways: [3:51] The challenges and struggles we experience aren't bad, they're good [12:31] If you want to build a great real estate portfolio, climb the corporate ladder, anything, you need to fight some battles [15:56] Some recommended authors for your education [20:10] People have compared the US to the Roman Empire, and it's important to remember that Rome collapsed from within [27:06] Not having to work for things makes life boring and can tear you apart [32:49] The more we rely on the government the worse our life gets Website: www.JasonHartman.com
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Oct 21, 2019 • 37min

1307: Graying of America & Don't Save For Retirement, Millennial Guide to Financial Freedom by Daniel Ameduri, Future Money Trends

Jason Hartman and Adam begin today's episode discussing the topic of the graying of America, and what the increasing demographic of people over the age of 80 means to real estate investors. Then Jason talks with Daniel Ameduri, co-founder of Future Money Trends newsletter and author of Don't Save For Retirement: A Millennial's Guide to Financial Freedom, about how the working environment has changed from the Baby Boomers to Millennials and how the Millennial generation need to change their mindset about retirement in order to not be left behind when they're ready to leave the rat race. Key Takeaways: [5:52] How a cruise ship is a metaphor for life [9:55] 18 million adults in the US will be in their 80s in the next decade [12:23] The cost of construction could drive the elderly out of their homes if they need to renovate for their lifestyle Daniel Ameduri Interview: [18:55] What does Daniel mean when he tells people not to save for retirement??? [23:09] Beware financial advisers, there's more education required to be a hair stylist [27:52] Millennials should embrace the freelance economy [32:10] Daniel is seeing boom time for the next year Website: www.JasonHartmanLive.com www.FutureMoneyTrends.com/Save
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Oct 18, 2019 • 32min

1306 FBF: Asset Protection, LLCs, Corps, Etc. with Rich Dad Advisor Garrett Sutton, Part 1

Today's Flash Back Friday comes from Episode 947, originally published in January 2018. Jason Hartman wanted to make sure that the practice of asset protection is understood by every investor, because it can make or break your portfolio if done wrong. As such, he invited Rich Dad Advisor Garrett Sutton back on the show for a long, in-depth interview. We'll finish it up tomorrow with the second half, but today the two discuss the inside/outside attack on LLCs, discuss which states have weak and strong LLC protections, and how to protect your properties properly. Key Takeaways: [4:26] The impact of controlling the money [7:58] How music has impacted societies around the world [10:43] Want to go to the Icehotel in Sweden with Jason? [13:11] The inside attack versus the outside attack [16:54] California has the weakest asset protection laws in the union [19:00] Why Wyoming LLCs can protect your other LLCs better than any other state [23:34] If you have your state LLC inside a Wyoming LLC domesticated in your state, which state rules apply? [25:44] Why is it called an "Armor 8" strategy and when is it a good choice? [30:37] How the Wyoming LLC provided a win for a car wreck causer Website: Get Garrett Sutton's Slides here
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Oct 17, 2019 • 32min

1305: Client Case Study: Real Estate Investing Before, During & After The Great Recession with Sean Carroll

Jason Hartman talks with client Sean Carroll about the journey he's had with real estate. From starting out as an agent in New York before the Great Recession to losing every penny he had, Sean now has a portfolio of properties that is allowing him to be in the career he wants to be in. Jason and Sean explore Sean's best and worst decisions in order to help you stay on a safe, profitable path. Key Takeaways: [4:04] How Sean lost BIG during the Great Recession [8:53] The deal that truly put Sean under [13:49] The system is set up to create asset inflation [16:24] The owner of a home Sean sold in 2006 is still $70,000 underwater [21:26] Stop calling things problems and start calling them challenges [25:35] Apps, tools, tips Sean has for investors Website: www.JasonHartmanLive.com www.JasonHartman.com/Properties
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Oct 16, 2019 • 31min

1304: Refinancing, Housing Affordability & Homeless to Billionaire, 18 Wealth Attraction Principles for Creating Unlimited Opportunity by Andres Pira

From St. John, New Brunswick, Canada, Jason Hartman looks at 2 news articles that should make real estate investors pretty happy. They're about how even high earners aren't able to buy homes right now (giving us a bigger renter pool to serve) and how the refinance market has skyrocketed and how you can take advantage of it. Then Jason talks with Andres Pira, CEO of Blue Horizon Developments, Managing Director of Phuket Condos & Homes and author of the book Homeless to Billionaire – The 18 Principles of Wealth Attraction and Creating Unlimited Opportunity, about his journey through real estate investing and how he reached this point in his career. Andres explains the importance of giving before expecting and how that will help you succeed in business and life. Key Takeaways: [5:03] People making $100,000 a year still can't buy homes in many American cities [9:16] Refinancing is up 300% due to low interest rates Andres Pira Interview: [13:29] Andres' path through the real estate world [17:48] You have to take risks in life, so just make sure you consider the worst case scenario and whether you can bounce back from it [21:21] Vibrational giving: give out first, then good things will come later [26:31] Stop trying to win deals and make them win-win Website: www.JasonHartmanLive.com www.AndresPira.com
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Oct 15, 2019 • 31min

1303: Fiat Money, Orlando Rental Property & 6 Million New Renters

Jason Hartman, from just outside the shores of Boston, takes a dive into the extent to which the idea of fiat currency has spread throughout the country's conscience in the past few years. Several years ago you wouldn't have heard a peep about it, but with the rise of cryptocurrency it's become more and more prevalent. He also explores Orlando's position in the rental market and how long properties are staying on the market. Then we go to a clip from the 2018 Meet the Masters of Income Property, where Jason discusses how his prediction of 6 million new renters came more than true. Key Takeaways: [4:23] Fiat money is becoming more and more understood by society at large [9:39] Money is moving out of stocks in the largest quantity in the last decade 2018 Meet the Masters: [18:00] The belief that the decline in home ownership rate is a tragedy for society is unfounded [24:20] Eventually Millennials will start inheriting money and that will impact the housing market Website: www.JasonHartmanLive.com www.JasonHartman.com/Properties
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Oct 14, 2019 • 34min

1302: Rent Your Backyard with Spencer Burleigh

From the Fall Foliage cruise, Jason Hartman begins today's show discussing what we don't see when we look at successful people. We don't see the struggles they've dealt with on the way to the success we now see. Then Jason talks with Spencer Burleigh, co-founder of www.RentTheBackyard.com. Spencer's company will build a unit on your land, list it online and split the rental profits with you 50/50 as long as you have an area at least 25' by 20' clear and you live in your home most of the year. Listen in as Jason and Spencer discuss the business model and how you can take advantage of it. Key Takeaways: [6:49] Anybody who is successful, we either don't realize or we forget that their success, but they've fought battles all the way [13:10] A Nelson Mandela quote that you need to remember Spencer Burleigh Interview: [15:35] What problem is Rent the Backyard addressing? [20:30] Rent the Backyard is able to create a second dwelling on the property without getting the land rezoned [25:06] The stigma behind manufactured housing needs to go away, but it also needs to get cheaper [28:38] The income side of Rent the Backyard's business model Website: www.RentTheBackyard.com

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