Creating Wealth Real Estate Investing with Jason Hartman

Jason Hartman
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Jul 12, 2019 • 36min

1236 FBF: Affordable Home Crush & Dealing with Property Managers, Part 2 of Client Case Study with Scott

Today's Flash Back Friday comes from Episode 962, originally published in February 2018. Jason Hartman kicks off the show talking about an important topic in rental property today, and that is the lack of affordable homes. Supply is dropping across the nation and there aren't a whole lot of options for what to do about it. Listen in for Jason's piece of advice. Then Jason wraps up his client case study with Scott. Scott and Jason finished the last episode talking about how Scott wouldn't have been able to find all the properties he needed to complete his 1031 exchange without Jason's group. They pick up the thread today and then go into why Scott's dad couldn't make residential real estate work, and property manager experiences and differences in office space vs residential property management. Key Takeaways: [2:46] The barbell that is crushing the supply of affordable homes [6:56] The millennials make up one side of the barbell, but the Baby Boomers on the other side are doing something new and it's causing a disruption [9:38] How bad is the inventory level? Pretty bad, and Jason has some market examples to prove it [13:36] One of the solutions to this inventory shortage is get what you can get and hope the market calms down Scott Client Case Study, Part 2 [21:14] Why Scott's dad wasn't able to make residential real estate work when he tried decades ago [23:51] Scott's experience with the property managers in Jason's network [28:25] The difference in self-management in office space versus residential Websites: www.JasonHartmanUniversity.com www.JasonHartman.com/Properties
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Jul 11, 2019 • 28min

1235: Voting with Your Feet & The Real Wolf of Wall Street, JP Morgan Chase & RBS Lawsuits with Nobu Su

Jason Hartman starts today's show talking with economist Thomas about the phenomenon going on in New York right now of people voting with their feet. The two tackle a video that suggests that the state could end up losing two congressional seats, which would be a big deal. They examine why it's happening and what it means to the real estate market there. Then Jason talks with Nobu Su, chairman of the shipping company Today Makes Tomorrow and author of The Gold Man From the East. Back in the 2008 financial crisis, Nobu's company was a $5 million victim of Western bankers. Nobu is now fighting back, suing the institutions that took his money and trying to tell his story so others don't suffer the same fate. Key Takeaways: [3:03] People are leaving New York, which could lose the state 2 congressional seats [7:05] Even if the numbers worked in New York it's not a good place to be a landlord Nobu Su Interview: [9:23] What's the status of Su's lawsuit against JP Morgan? [17:05] How long can our country keep going like we are? [19:10] What is Nobu Store? [22:59] The history of Nobu's career Websites: www.Nobu.store www.Twitter.com/Nobu__Su
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Jul 10, 2019 • 35min

1234: Potential Pitfalls of Third Parties & Opportunity Zones, The Good, The Bad & The Ugly by Mauricio Rauld, Esq

Jason Hartman starts off today's episode with Carmen discussing her current issues she's having with her property manager and getting her property rent ready, past due rent collected and a new tenant put into place. It's a much bigger process than it should be and the price tag seems way too high. Jason gives his take on what you as the property owner and investor can do to make your process easier. Then Jason talks with Mauricio Rauld, Esq, attorney who specializes in syndications, about what Opportunity Zones can mean for investors. Mauricio breaks down the tax incentives that have been presented, but also why you may not want to invest in them. Key Takeaways: [1:58] The Law of Agency [7:39] The potential dangers of the portal with property managers [12:10] Carmen's property manager didn't even put her name anywhere on the lawsuit against her tenant who hasn't paid their rent [16:27] The Cuba cruise couldn't happen, but there's another one planned Mauricio Rauld Interview: [18:33] What's the deal with Opportunity Zones? [20:30] The 2 things you need to do to invest in Opportunity Zones [24:47] The 4 tax incentives of Opportunity Zones [28:59] Will a mass of properties from Opportunity Zones hit the market in 10 years? Website: www.JasonHartman.com/Cruise www.PremierLawGroup.net
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Jul 9, 2019 • 29min

1233: LTI Ratios, Bubble Markets, What To Look For, Inman News, Realtor.com, Zolo by Romana King

Jason Hartman talks with Romana King, award winning real estate writer and director of content for Zolo, about what's going on in the Canadian real estate market (specifically Vancouver), as well as some of the best tips for real estate investors. Romana is another buy and hold real estate investor, and she and Jason explore what the best practices are in that marketplace. Key Takeaways: [5:50] When you purchase a property, the value isn't in the property it's in the land [8:56] Canadian financing options [13:13] Romana's take on Opportunity Zones [16:09] What is Zolo? [18:42] Romana's tips for purchasing investment properties [22:26] Some signs that the area might be a good one to invest in Website: www.Zolo.ca www.RomanaKing.com
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Jul 8, 2019 • 35min

1232: Debt Cycles & Real Estate

Jason Hartman talks with Doug about short-term debt cycles and what's going on with our economic expansion that's been happening for years. It's been going on for a long time, and at some point it's going to turn, so how do we recognize it? Key Takeaways: [3:49] The Wealth Effect in a booming economy [6:23] What precipitates the turn of the economy? [12:45] The principles that drive the stock market are the same ones that drive real estate [16:19] Can GDP growth and stock market growth have diverging rates of growth for extended periods? [21:36] The primary reason this economic expansion has gone on so long is that it hasn't been inflationary [27:56] The looming pension crisis Website: www.JasonHartman.com/Properties Invest with Sven Carlin, Ph.D. on YouTube
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Jul 6, 2019 • 5min

CW Bonus: Guided Visualization #5

Visualization is an immensely powerful thing. What the mind can conceive and believe, the mind can achieve. Because of the power of visualization, Jason went and found an expert who can help real estate investors get in the right mindset and, hopefully, set you on a path to an even better portfolio and life. Today is the 5th installment of our guided visualization journey. Website: www.JasonHartman.com/Properties
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Jul 5, 2019 • 34min

1231 FBF: Client Case Study, Scott & Kelly: Shopping Centers to SFRs on 1031 Exchange, Part 1

Today's Flash Back Friday comes from Episode 959, originally published in February 2018. Jason Hartman starts off the show today with a reminder: housing is NOT at an all time high when it comes to payments (which is how people really base their decision to buy), and housing is still where it's at. Then Jason has the first part of his client case study with Scott, from Washington DC. Scott owned a bunch of retail property previously, but recently sold all but one of them and shifted his focus toward residential real estate. Jason talks with him about why he made that decision, what the process was like doing his 1031 exchange, how his experience with property managers has been, and more. Key Takeaways: [1:43] Housing is where it's at [5:32] Housing is NOT at an all time high based on the payments being made [8:46] Everybody's a genius in a bull market Client Case Study with Scott: [14:41] Was Scott worried about the retail apocalypse when he purchased all the shopping centers? [17:30] Scott & Kelly's evolution from shopping centers to single family homes [21:04] What happened in the commercial real estate sector last year that led Scott & Kelly to dive headlong into residential? [25:19] Depreciation makes income properties the most tax favored asset class in America [26:01] Scott's adventurous time doing his 1031 exchange on his commercial property that aged him 2 years in 45 days [31:05] Why Scott is glad Jason's group exists Website: www.JasonHartman.com/Properties www.JasonHartmanUniversity.com
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Jul 4, 2019 • 30min

1230: 11 Laws of Likability & The Connector's Advantage by Michelle Tillis Lederman

Jason Hartman starts off the show from the Baltic Sea where his cruise is currently taking him. He explains how the brand of the US has covered the whole world, including Russia. Then Jason talks with Michelle Tillis Lederman, author of The Connector's Advantage, The 11 Laws of Likability, Heroes Get Hired and Nail The Interview – Land The Job, about how likability works and the mindset you have to have in order to succeed in business. There's no way to make people like you, but there are ways to present yourself that will allow you to have a better chance of being liked. Key Takeaways: [8:05] Jason's meeting with the Russians to get Coco into the country Michelle Tillis Lederman Interview: [13:20] What is Mood Memory? [16:43] How do you segue out of a conversation without offending the person you're speaking to? [20:15] The definition of a "niche connector" [22:28] The 7 Mindsets of connectors [26:14] Always have the mindset that when you connect online your goal is to bring it offline Website: www.MichelleTillisLederman.com
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Jul 3, 2019 • 28min

1229: Economic Forecast by ITR Economics, Taylor St Germain

After giving a quick update on his cruise travels, Jason Hartman talks with Taylor St Germain, economic analyst at ITR Economics, about why lower interest rates haven't spurred the higher end housing market. The two also discuss what indicators Taylor looks at to get a gauge on the economy and the impact tariffs have had and may still have yet to come. Key Takeaways: [5:49] Are lower interest rates good news for cyclical markets or are they just too overpriced? [10:16] The rise in wages has helped the economy but it's not changing the overall trend or forecasts [14:13] Why are housing starts so important? [19:19] ITR's concerns with the tariffs currently being put in place [23:35] More tariffs could potentially put us in a recession, so be very careful if we see more coming Website: www.ITREconomics.com
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Jul 2, 2019 • 33min

1228: Rate Buydowns, Housing Inventory & Protecting Yourself at Closing

Jason Hartman talks with investment counselor Sara about some things going on in the market right now. The two discuss the state of inventory going on as sales are slowing even though inventory is still a little low. They also discuss the "trust but verify" philosophy as you deal with everything involved with closing on your property. Key Takeaways: [5:52] Amazon has reached a deal with developers to hard wire Alexa into new builds [9:34] Show your LMS your inspection and give them a chance to fix things and don't let them rush you to close [13:48] Some provisions you can put in place for the escrow money [19:19] The state of inventory in the network [22:55] Buying down your interest rates with points [29:28] It's important to find not just the best market but also the best team Website: www.JasonHartman.com/Properties

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