Creating Wealth Real Estate Investing with Jason Hartman

Jason Hartman

Episodes

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May 10, 2019 • 47min

1191: Pension Ponzi Schemes, Asset Inflation, War On The Middle Class, Bernie Madoff, Market Cycles, American Greed with Pat Donohoe

Today's Flash Back Friday comes from Episode 872, originally published in August 2017. Jason welcomes Patrick Donohoe of The Wealth Standard Podcast to discuss the dirty details of pensions, insurance policies and Ponzi schemes. Jason describes the difficulties and common mistakes average retail investors make when investing in financial services. And, Pat gives a comprehensive overview of how to make the most of your existing policies in order to invest your money in the most historically-proven asset class, income property. Key Takeaways: [02:25] Is the US a giant Ponzi scheme? [05:31] Understanding the difference between pension benefit plans and contribution plans is essential. [15:15] The financial service industry preys on retail investors. [20:49] Harry Markopolos is waiting to capitalize on a market correction. [27:09] Analyzing the patterns and mistakes of the middle-class investor. [35:27] The Wealth Standard Podcast focuses on helping individuals understand the comprehensive nature of the economy. [37:49] Pat explains how policyholders can reduce their risk and get investment money for cash-flow properties. Mentioned in This Episode: Be Your Bank The Wealth Standard The Wizard of Lies 401K Jail Article Venture Alliance Mastermind
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May 10, 2019 • 33min

1190: Trump's Real Estate Deductions & The Constant Pursuit of More with Steve Jones

Jason Hartman and Adam start off today's show talking about the topic of the news today: Trump's billion dollar "loss" over a 10 year period. What the media fails to mention throughout the whole thing is that he didn't actually LOSE any of that money, he simply had massive deductions thanks to the beauty of real estate phantom deductions. Then Jason talks with Steve Jones, CEO of Allied Universal and author of the book No Off Season: The Constant Pursuit of More, about how his career in sports translated into business success. Steve and Jason look at the various skills learned in sports and how can each be applied to the business world, whether you're an employee or employer. Key Takeaways: [2:55] People are horribly off target thinking Trump is a "Billion Dollar Loser" [5:21] Real estate deductions run on a depreciation schedule [9:37] Real estate offers you a tax deduction you can't get any other way [11:44] How property tax states are able to increase their revenue through land value Steve Jones Interview: [18:16] Your ability to overcome obstacles is going to make or break your success [21:05] Sports teaches you how to work as a team [24:10] Some techniques on how to keep the team cohesive when dealing with adversity [27:49] With no action steps in place you only have a dream, not a plan Website: www.AUS.com www.JasonHartman.com/Properties
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May 8, 2019 • 30min

1189: Artificially Low Interest Rates, the Next Recession & Investment Income From Tenants with Drew, Part 2

Jason Hartman wraps up his talk with Drew from yesterday, as the two leave the topic of self-management and delve into more economic lines of conversation. Jason brings up a recent Peter Schiff tweet and the two dissect whether it holds water in today's environment, as well as discussing how articially low interest rates are impacting the investing landscape we see today. They also discuss a different way to look at the rents you're collecting from your tenants in a way that makes it even more powerful than it looks at first glance. Key Takeaways: [3:01] If falling consumer prices have been good for the last 100 years, why does the Fed think they're bad now? [6:25] The artificially low interest rates are encouraging bad investments [10:24] Who's going to get hit hardest in the next recession? [14:10] Targeted advertising is keeping us from seeing a large chunk of the world today [19:54] It's important to hold yourself accountable the same way you hold your tenants accountable when dealing with your investment properties [23:57] Your tenants are working 33-40% of their work life just to pay you Website: www.JasonHartman.com/Properties
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May 7, 2019 • 24min

1188: Client Case Study: Tenant Retention, Lease Renewals, Single Family Cost Segregations & Noise Pollution with Drew Baker, Part 1

Jason Hartman talks with client Drew Baker in part 1 of their interview about the new developments in Drew's journey in self-management. Drew gives Jason a rundown on how he deals with lease renewals, some of the repairs he's doing to his properties in order to retain his tenants, and what software he's using to keep track of it all. Jason also gives Drew a little bit of advice on how he may be able to accelerate his depreciation in a cost effective manner. Key Takeaways: [5:15] The one type of pollution that China doesn't have, that America has PLENTY of, is noise pollution [10:35] An update on Drew's self-management process [13:38] Cost segregation studies have become reasonably priced for single-family homes and could well be worth the cost [18:29] Drew tries to get his leases to come up for renewal in the warmer months, as well as signing a 2 year lease [22:00] Drew's approach to lease renewals Website: www.JasonHartman.com/Properties
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May 6, 2019 • 30min

1187: China's Dangerous Fake Economy & May's Mortgage Update

Jason Hartman takes today's show to go over his thoughts on J. Kyle Bass's speech from the recent CPDC Conference about China. As the second largest economy in the world, China carries a lot of weight, claiming to have around 15% of the world's GDP. But a closer look at the numbers gives us a sense that it might not actually be true. There are dangers lurking in the China economy that could lead to some bad events. Then Adam talks with Graham, one of the mortgage lenders with the network, about what interest rates investors can be expecting this month. Key Takeaways: [3:13] China claims to have 15% of the world's GDP, but there's little to prove that's true [5:49] Jason used to listen to the doomsayers, but it's not going to happen with such a demand for dollars [9:47] Endowments don't invest in the greatest things, but it's not a problem that should be that difficult to solve [16:12] The dangers present in China in their banking sector [19:16] Hong Kong is the most expensive real estate in the world, at $10,000 per square foot Adam's Mortgage Update: [23:43] We're seeing investment mortgage rates in the low-mid 5s [27:05] What will happen if the Fed decides to cut rates this year? Website: www.JasonHartman.com/Properties J Kyle Bass's Speec at CPDC Conference
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May 3, 2019 • 1h 4min

1186 FBF: Income Property Management, Tenant Self-Sufficiency & Tangible Assets with Scott Shellady, SVP of Derivatives for Trean Group

Today's Flash Back Friday comes from Episode 363, originally published in February 2014. "The Cow Guy" Scott Shellady is the Senior Vice President of Derivatives at the Trean Group. He joins the show to discuss where people should start when investing in tangible assets. Shellady believes in SWAGER for investing, standing for Silver, Wine, Art, Gold, Energy and Real Estate. He thinks SWAGER investments are a good choice for current investors. The topic then shifts to how boomers can prepare for retirement. Shellady explains the most common mistakes baby boomers make with their finances and what they do if they were laid off or fired during the recession to protect their retirement. Website: www.TreanGroup.com www.Twitter.com/ScottTheCowGuy
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May 2, 2019 • 38min

1185: Rising Middle Class Impact on Real Estate & Data Science for Real Estate with Anna Myers

Jason Hartman brings this episode to you from China, where he has seen the impact of the rising middle class. While it may seem to be a world away, the growth in construction in China is impacting the cost of construction here in the United States as well. Then Jason talks with Anna Myers, Vice President of Grocapitus, about how to analyze deals, specifically for multifamily. Anna's group is all about finding the right deals in the right market, and she talks with Jason about which markets are looking good and which are past their peak, along with why the demographics for real estate investors is still incredibly bullish. Key Takeaways: [3:28] The Chinese surveillance state is rampant and the country seems very wary of terrorism [7:04] The rising middle class in China has led to a large amount of higher end stores [10:31] All buildings are made from the same materials, so when there's a building boom in China it impacts builders everywhere Anna Myers Interview: [13:08] What is Anna's definition of "data driven real estate investing"? [18:23] How can you know when the supply of starts is going to meet the demand for jobs? [21:51] Things you need to be looking for at the neighborhood level of your market [27:36] Anna's team is looking at approximately 80 markets a quarter [31:28] What kind of properties does Anna have in her portfolio? [33:47] The stigma of renting is gone as Millennials and Baby Boomers are now renting Website: www.JasonHartman.com/Properties www.Grocapitus.com www.MultiFamilyU.com
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May 1, 2019 • 36min

1184: Client Case Study: SFRs to Apartments with Greg Scott & Population Density's Impact on Real Estate Prices

Jason Hartman begins today's episode from the city of Shanghai, one of the largest (and densest) cities in the world. Since he's been in town he's started thinking about the importance of population density on real estate. It impacts everything from quality of life to desirability of businesses to the pricing of every unit. Then Jason talks with client Greg Scott about his journey from accidental landlord to an owner of multifamily properties. Greg and Jason examine why people don't know whether they're winning or losing, how Greg was able to continue investing through the Great Recession, and what sort of demographics are making being a landlord look better and better. Key Takeaways: [3:46] It's important not to overlook the importance of population density [6:27] One of the huge drivers of real estate prices is population density [11:10] Even after "graduating" to bigger deals, Jason believes the single family home is the best deal out there Greg Scott Interview: [14:46] Greg's journey to becoming an accidental landlord [18:23] People often don't know whether they're winning or losing [23:29] When you hear about the returns people get from real estate and want to do the same, you have to actually act on it [25:03] Greg's plan for his new multifamily facility [27:49] How worried was Greg when he was investing in property during the Great Recession? [31:55] Does Greg see the same thing about high rental demand as Jason does? Website: www.JasonHartman.com/Properties
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Apr 30, 2019 • 41min

1183: Hong Kong Real Estate & Cultural Decay & Peak Prosperity, The Crash Course by Chris Martenson

From Hong Kong, China, which Jason calls the "Jewel of Capitalism", Jason Hartman delves into what he's seen about real estate and economics from his trip. If you think real estate in the US is expensive, you ain't seen nothin' yet. Then Jason talks with Chris Martenson, co-founder of PeakProsperity.com and co-author of Prosper: How to Prepare for the Future and Create a World Worth Inheriting, about how the era of abundant, cheap energy is gone and our world needs to change with it. That doesn't mean abandoning everything we have now, but just recognizing the actual situation and adjusting our investments/behavior accordingly. Chris and Jason also discuss the future, and whether we're going to see inflation, deflation, or a little bit of both. Key Takeaways: [3:06] Hong Kong real estate has prices per square foot that are unfathomable [7:35] There's always the real economy and the symbolic economy, and they're vastly different Chris Martenson Interview: [11:39] We're coming up to a time when humans are going to have to organize ourselves in very different ways [14:20] There are 2 ways humans change [19:32] It's getting costlier and costlier to get less and less oil out of the ground [22:08] The easy, cheap energy from the past is gone, which explains why the global growth rate for the last 15 years has been subpar [28:09] We're beginning to see that raising children in a dopamine heavy technological world is creating issues we hadn't expected when it began [33:02] We have a lot of debt in our society, so deflation is ready to take over Website: www.JasonHartman.com/Properties www.PeakProsperity.com
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Apr 29, 2019 • 36min

1182: China, Looming Asset Shortage & Debt Cleanse: How to Settle Your Unaffordable Debts for Pennies on the Dollar by Jorge Newbery

Jason Hartman brings you this episode from China with Venture Alliance Member Carmen. Jason describes how his visit to China is influencing his previously held thoughts about the country and how the looming asset shortage is a beautiful things for real estate investors. Then Jason talks with Jorge Newbery, founder and CEO of Debt Cleanse, founder of American Homeowner Preservation and author of Debt Cleanse: How to Settle Your Unaffordable Debts for Pennies on the Dollar, about how he was able to climb out of a $26 million hole and how others can follow in his footsteps. This isn't about cheating your way out of debt, it's about using the same rights that creditors have because you need to protect yourself from predatory lending practices. Key Takeaways: [4:23] Jason got to visit the railroad station that was built to link North and South Korea in the future [7:54] 5 star in the US has nothing on 5 star in Asia [11:26] How Jason's visit to China has changed his views on the China economy [13:39] The looming asset shortage, and why it's good for real estate investors Jorge Newbery Interview: [18:57] Debt may seem simple, but it's a lot more nuanced that you'd first believe [20:42] If you can't afford your debts, the best thing you can do is to stop paying them [23:54] How Jorge got started paying off his $26 million debt [26:31] What kind of errors you should be looking for from your lendors [32:21] The elite have often used debt as a way to enslave the lower classes Website: www.DebtCleanse.com Debt Cleanse: How to Settle Your Unaffordable Debts for Pennies on the Dollar

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