Creating Wealth Real Estate Investing with Jason Hartman

Jason Hartman

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May 24, 2019 • 29min

1201 FBF: Houston We Have a Problem...or an Opportunity? Client Q&A with Sara

Today's Flash Back Friday comes from Episode 876, originally published in March 2017. Jason and Investment Counselor Sara discuss the indirect impact of Hurricane Harvey in Houston. It may be one of the worst natural disasters in our nation's history but an opportunity for rebuilding also exists. Prices will increase for commodities needed for rebuilding the area and labor will be needed in all sectors for those who were directly impacted by the storm. Key Takeaways: [01:37] Disaster Capitalists make the most of the tragic flooding in Houston. [05:25] A moratorium on mortgages benefits those with the most debt. [11:09] Is it smart to buy properties on the cheap in Houston? [12:32] How should investors handle damage to their existing properties? [15:28] The cost of commodities always increase after a natural disaster. [22:41] Laura wants to know how Jason's single-family portfolio homes performed during the 2008 recession. Website: Real Estate Tools Property Tracker Administrator@realestate.com - Free 1-hour onboarding session Venture Alliance Mastermind
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May 24, 2019 • 29min

1200: How to Communicate Like a Buddhist & Talk to Yourself Like a Buddhist by Cynthia Kane

Jason Hartman talks with Cynthia Kane, author of How to Communicate Like a Buddhist, as well as Talk To Yourself Like a Buddhist, about how we should be communicating with ourself and with others. Too often we say things hurtful to ourselves and our loved ones which we don't even realize until it's too late. Cynthia explains the elements of right speech that will point us in the right direction, as well as the importance of silence. Key Takeaways: [3:23] The most important conversation you can have is with yourself Cynthia Kane Interview: [5:50] How does communicating like a Buddhist help you? [9:39] The importance of "Mindful Listening" [12:09] How we can use silence in a positive way [19:43] How do you talk to YOURSELF as a Buddhist? [23:47] You need to pump yourself up with self talk a little bit [25:38] The importance of questioning Website: www.CynthiaKane.com
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May 22, 2019 • 36min

1199: A 21st Commandment, Short-Term Rental Investing, New Builds & CEO Compensation

Jason Hartman and Adam take today's episode to discuss a new commandment Jason thought of while on the radio in Georgia after the recent Venture Alliance Mastermind event. They also discuss how Commandment #3 would protect investors from some of the exorbinant compensation packages that CEOs are taking that are harming stock holders. Then Jason recaps the weekend and some of what he learned about tax liens and deeds and potential new markets that he visited while heading home from the event. Key Takeaways: [3:04] The compensation of CEOs like Elon Musk shows why you should always maintain control (Commandment #3) [8:16] Commandment #21 was created just this weekend [15:02] Cuba doesn't have the port capacity to handle large cruise ships, so you have to take one of the smaller ones [23:18] Early bird pricing ends June 4 [24:29] The Venture Alliance Mastermind weekend recap [30:32] If you're going to invest in short-term rentals, make sure that the numbers work even if you have an increase in vacancy and a drop in prices during the next downturn Website: www.JasonHartman.com/Cruise www.JasonHartman.com/Properties
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May 21, 2019 • 41min

1198: Local Real Estate Investor Associations & A Way to Pay Zero Income Tax? with Kelly Alexander

Jason Hartman and Adam start today's show answering a listener question about the value of local real estate investor associations. Jason has some dueling thoughts on the matter, and explains why you need to be wary when joining one. Then Jason talks with Kelly Alexander, founder of Great American Tax Remedy, about how Kelly has been able to avoid paying Federal income tax since 2014. Kelly's method hasn't had to hold up against an IRS audit, but she's confident that what she's doing is completely legal and can help anyone out. Key Takeaways: [4:47] Jason's thoughts on real estate investor organizations [9:26] Do not fall for the "flavor of the month" or "get rich quick" schemes that you'll hear at some meetings Kelly Alexander Interview: [13:40] How Kelly's tax plan to avoid income taxes works [17:17] Who else is using Kelly's technique? [18:38] What Kelly does when she gets paid in order to avoid income tax [28:36] How to report your income on your taxes under Kelly's format [38:48] Why Kelly's strategy works for both state and federal taxes Website: www.JasonHartman.com/Properties www.MyTaxRemedy.com
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May 20, 2019 • 34min

1197: Using Tenants As Assets, Self-Management Tips & Looking for the Next Recession

Jason Hartman and Kerry take today to look at some of the signs in our economy today that don't point toward a rosy future. But don't take that to mean the sky's falling and we're headed for a doomsday scenario, we've still got some runway left. The two also discuss how self-management can show you things that you wouldn't have known just sticking with a property manager. You don't HAVE to self-manage, but it's important to know how to self-manage so you don't get taken advantage of by your current manager. Key Takeaways: [2:39] There are ominous signs out there for the economy, so we'll see how much longer it can hold them off [5:47] For the first time in a long time, Kerry is bullish on the New York real estate [13:13] Where will the next recession come from? [17:05] There's an urgency that you need to do something now rather than waiting around [21:04] Why Kerry thinks Indiana has been the longest running market for Jason's company [25:19] Utilize your tenants as your assets [30:51] If you choose to self-manage, remember to track ALL of your expenses Website: www.JasonHartman.com/Properties
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May 17, 2019 • 44min

1196 FBF: Inflation: The Best Business Plan For Governments & Central Banks - Never Bet Against The Fed

Today's Flash Back Friday comes from Episode 887, originally published in September 2017. The US is facing a looming financial crisis. In this episode, Jason outlines six business plans the government can use to ease its inflationary pressures. Four of the plans could result in negative outcomes, while the final two plans could achieve debt repayment by way of inflation. Understanding inflation and all of its aspects are not for the light-hearted. Jason explains inflation, how the government reports on inflation and offers up some educational resources for those who want to know more. Key Takeaways: [04:35] Technology is changing the game in all aspects of life. [11:15] Meet the Master's of Income Property Event is a 3-day event in January 2018. [14:15] Jason identifies 6 ways to deal with inflationary pressures. [21:17] Using inflation as a tool to avoid paying debts. [27:39] Understanding the difference between real and nominal and price and value. [33:49] Redistributing wealth through inflation. [40:11] The three ways the government manipulates inflation statistics. Mentioned in This Episode: Property Tracker Real Estate Tools Short-Term Rental Council Confessions of an Economic Hitman by John Perkins
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May 16, 2019 • 33min

1195: Avoiding Home Inspection Pitfalls with Elite Group Inspection Professionals

Jason Hartman talks with Josh and Mike from Elite Group Inspection Professionals about what to expect when getting a home inspection. A good home inspection can save you thousands, and a bad home inspection can cost you thousands. It can be tough to figure out who you can trust when you're getting one done, but Josh and Mike give you some resources to finding a competent inspector and what the major things you should be looking for on your inspection reports. Key Takeaways: [6:49] Make sure you check your home inspector for licenses, certifications and insurance [9:36] Some of the biggest concerns from buyers [14:15] The pros and cons of various roof types [19:09] Expect a lot detail about repairs needed in your inspection, but not about how much they will cost to fix [22:43] What to look for on the interior of the house [25:50] When you need to get a re-inspection done [28:39] Some of the common plumbing problems Website: www.EliteInspections.com
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May 15, 2019 • 33min

1194: Self-Management Deal Making, Tenant Interactions & Maintaining Control with Drew Baker

Jason Hartman and Drew do a small client case study about his journey of self-management, then move into the finale of Jason's examination of Kyle Bass' speech about China. Finally, Jason and Drew explain how Commandment #3 (Thou Shalt Maintain Control) and Tesla's current situation go together, as the company continues to make some poor business decisions and hemmorage money. Key Takeaways: [2:50] Drew's new roof on his Indianapolis home [9:54] When you self-manage, your tenant is part of your team [13:59] Is self-managing really worth it to Drew or is he doing menial work that's not worth it? [15:52] Revisiting Kyle Bass' speech [23:06] How Commandment #3 and Tesla mix [27:03] Tesla is getting dumb money and pillaging it [30:29] In real estate you can fire someone and get another person to do the same job. With big companies like Tesla, you fire Elon Musk and the company's in trouble Website: www.JasonHartman.com/Cruise www.JasonHartman.com/Properties
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May 14, 2019 • 37min

1193: Client Case Study: David Nelson on Self-Management, Diversification & Listen Question on Loans After Fannie Mae & Freddie Mac

Jason Hartman and Adam start today's episode by answering a listener question from Amina, who wants to know what her options are after she maxes out her Fannie Mae and Freddie Mac loans. Surely there are options out there, but what are they? Then Jason has a client case study with David Nelson, who, along with his wife, has amassed a real estate portfolio that has allowed her to retire early to focus on their holdings. David discusses how his cockiness led him into a bad deal, why continual education is important and where his journey is heading. Key Takeaways: [5:15] Listener Question from Amina: what do you do after you max out your Fannie Mae/Freddie Mac loans? [10:34] If you're wanting to cruise to Grand Cayman, Jamaica and Cuba you need to sign up soon! David Nelson Client Case Study: [17:19] David started getting cocky investing in 2016 and didn't pay enough attention to his inspection [20:24] Jason's group doesn't do any one off deals [24:28] How self-management has gone for David so far [29:18] When you combine education with action you can accomplish nearly anything [33:01] Why being 80% in on one asset class isn't necessarily a mistake Website: www.JasonHartman.com/Cruise www.JasonHartman.com/Ask
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May 13, 2019 • 35min

1192: Rent Increases, Investing in a Depression & Devastating Impact of Population Declines

Jason Hartman and Adam use today's episode to discuss some important information about rental rates vs income growth, answer listener questions and what Mark Zuckerberg's college roommate thinks about him. Key Takeaways: [3:29] Rents have been rising faster than incomes in most of the United States [7:56] Investing in a prudent market with lots of government jobs could be helpful for rents not decreasing [13:31] Would real estate investing make sense if another Depression hit the US? [23:36] Population decline can be devastating for real estate investors [29:06] Once big tech companies get their funding they start to lose their touch with the people Websites: www.JasonHartman.com/Cruise www.JasonHartman.com/Ask Jason Hartman's Amazon Flash Briefing

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