Creating Wealth Real Estate Investing with Jason Hartman

Jason Hartman

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Apr 26, 2019 • 32min

1181 FBF: Will Newer Technologies Change the Real Estate Investment Game?

Today's Flash Back Friday comes from Episode 662, originally published in April 2016. Jason takes a break from a Social Media conference to analyze stories from the USA Today's Money section. He shares the new tech items which will affect real estate pricing in the future, the underemployment issue in the US and the median wage of CEO's of major corporations. Key Takeaways: [4:24] Live video and Virtual Reality (VR) will impact real estate pricing by changing the value of the three cardinal rules of location, location, location. [9:26] A 5% unemployment rate in the US means everyone who wants a job has a job. The real problem is underemployment. [15:10] Some CEO's make $9000.00 an hour while minimum wage workers are looking for $15 an hour. [22:09] Does an early retirement equate to an early death sentence? Mentioned in This Episode: Jason Hartman Venture Alliance Mastermind
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Apr 25, 2019 • 39min

1180: Housing Affordability & Think & Grow Rich: The Legacy by James Whittaker

Jason Hartman and Adam start off today's show talking about one of Jason's favorite things when it comes to real estate investing: the Housing Affordability Index. The two really look into how the index is created, what elements go into it, and look at how affordable some of the markets they're investing in are. Then Jason talks with James Whittaker, author of Think and Grow Rich: The Legacy and host of Win the Day with James Whittaker, about how Napoleon Hill's original Think and Grow Rich still applies in today's world. James and Jason look at how you can reprogram your brain and why his book still matters all these years later. Key Takeaways: [4:09] The formula for the Housing Affordability Index [8:43] Looking year over year you can see which direction a market's affordability is heading [11:18] How Financial Immaturity is helping investors [14:20] Housing affordability doesn't factor in a critical element James Whittaker Interview: [19:36] What's the big deal about Napoleon Hill's Think and Grow Rich? [22:55] The mastermind principle [28:33] Is everything from the original Think and Grow Rich still valid or do we have to modify it for today's world? [31:19] Opportunities will come, so you have to constantly be ready [35:06] Reprogramming your mind to conquer limiting beliefs and start living with intent Website: www.JasonHartman.com/VAM www.JamesWhitt.com
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Apr 24, 2019 • 32min

1179: Good & Bad of Self-Management, Inflation Impact & Federal Reserve Board Nominations

Jason Hartman starts today's show with his in-house economist Thomas to discuss the new tax law and the impact it can have on people's tax brackets. They also dive in to why the government is interested in keeping the official inflation rate lower than actual inflation rates, as well as when it can really hurt the average citizen. Then we have a clip from the 2019 Meet the Masters of Income Property event where he discussed the good, the bad, and the ugly of self-management. Drew provides some insight into what's happened with the 8 properties he's self-managing right now, how he deals with issues that spring up (Amazon has been a life saver) and lessons learned about relationships with tenants. Website: www.JasonHartman.com/Properties
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Apr 23, 2019 • 30min

1178: Landlord Friendly Markets, Tenant Retention & Self-Management App Bixby by Mark Smukler

Jason Hartman and Adam start the episode today discussing landlord friendly markets. Specifically, how you can determine whether you're investing in markets that are. Jason explains an easy (but not foolproof) way to figure out if a market is friendly to investors, as well as another way to find out the difficulties of evicting tenants in your potential market. Then Jason talks with Mark Smukler, co-founder and CEO at Bixby, about self-management. Mark explains how Bixby is designed to help self-managers and some of the best practices those who decide to self-manage can utilize. This includes how to handle maintenance requests, rent collections and keeping a healthy distance between yourself and your tenants. Key Takeaways: [3:49] How to find landlord friendly states [8:03] The most landlord friendly state in the country is Arkansas [10:47] Ask a few property managers to find out how eviction laws in the state/city work Mark Smukler Interview: [14:44] The two ways Mark sees Bixby working [18:15] How maintenance requests and rent collections work in Bixby [22:09] Bixby allows credit cards to pay rents, and credit card fees can be disputed. How does Bixby deal with that? [23:44] Some property management best practices Website: www.LiveBixby.co www.Twitter.com/LiveBixby www.JasonHartman.com/Properties
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Apr 22, 2019 • 37min

1177: Self-Management, Pooled Assets, Need for Scaleability & Time-Wealthy Investor by Mark Dolfini

Jason Hartman and Adam start today's episode answering a listener's question about whether it's better to invest in a single-family home or to look at larger, pooled assets like a 16+ door multifamily. Jason reminds everyone about Commandment #3, which is especially critical in decisions like these. Then Jason talks with Mark Dolfini, Landlord Coach and author of The Time Wealthy-Investor, about best practices for self-managing your properties. Mark discusses the importance of treating your investments as a business and how to create a healthy distance between yourself and your tenants. Key Takeaways: [7:05] Single family homes tend to get better tenants, appreciate better, get better financing options and several other perks over multifamily [10:14] The risks of investing in pooled assets. Don't violate Commandment #3! [12:20] RV ratios for apartments will be higher because of shared walls, but don't let that be your determining factors between the 2. Mark Dolfini Interview: [14:53] You have to think of your real estate investments as a business [17:34] A simple tweak to keep from giving your cell phone number to your tenants [22:33] Whatever you're doing, it has to be scaleable [28:07] The software Mark likes to use Website: www.LandlordCoach.com www.NTNOnline.com www.IVAA.org www.CCMyAdmin.com
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Apr 19, 2019 • 53min

1176 FBF: Wealth Creation & Asset Protection with Garrett Sutton, Attorney & Rich Dad Advisor to Robert Kiyosaki

Today's Flash Back Friday comes from Episode 371, originally published in April 2014. A best-selling author, speaker and a member of an elite group of "Rich Dad's" advisors, hand selected by author Robert Kiyosaki, Garrett speaks to investors and entrepreneurs on a variety of topics including asset protection, liability limitation, wealth creation, as well as various business and real estate issues. As an advisor for Robert Kiyosaki, Garrett has authored Own Your Own Corporation. Garrett's books provide an accessible source of information for building your own success. A member of the State Bars of Nevada and California, as well as the American Bar Association, Garrett attended Colorado College and the University of California at Berkeley where he received a B.S. in Business Administration in 1975. In 1978, he graduated with a J.D. from University of California's Hastings College of Law in San Francisco. Beyond his desire to educate people and business in wealth protection and growth, Garrett serves on the boards of the American Baseball Foundation, located in Birmingham, Alabama and the Nevada-based Sierra Kids Foundation. Website: www.CorporateDirect.com
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Apr 18, 2019 • 34min

1175: How Inflation Works, Hedonics & Appreciation After Rehab with Mark Ferguson, InvestFourMore

Jason Hartman and in-house economist Thomas start off today's show discussing what inflation really is, and how it's measured. There are different ways inflation can be manipulated, whether it's for political gain or belief system. Then, Jason talks with Mark Ferguson, founder of InvestFourMore, about the state of the housing market in Mark's area of northern Colorado. The two examine the lack of inventory, best rehab practices, what (and when) to rehab, and keeping contractors in line. Key Takeaways: [2:38] How inflation really works and what "core inflation" is [6:27] The 3 major ways we're convinced inflation is lower than it really is [9:39] The importance of hedonics and what Jason hates about it Mark Ferguson Interview: [15:13] Mark is seeing a slowdown in his area [18:57] Things are slowing down, so why isn't there inventory available? [22:52] When the market slows down, rents tend to get strengthened [24:57] Best practices for rehabbing properties and keeping contractors honest and accountable [28:05] How do you decide what to rehab? [30:42] Mark's experience buying a strip center Website: www.JasonHartman.com/Properties www.InvestFourMore.com
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Apr 17, 2019 • 34min

1174: Falling Mortage Rates, Amazon Fulfillment Centers & a Trip to China

Jason Hartman is joined today by Kerry and Carmen as he does one of his last shows from the United States for a little while. Jason and Carmen are off to mainland China and South Korea for a few weeks and they discuss what changes Carmen has seen among all her trips. The trio also look at what the Fed rate hikes and cuts have done to the investment real estate market, as it has created an interesting scenarios for buyers that could be very helpful. Finally, Jason has an "investigative report" from the inside of a ride-sharing trip talking with a former employee of Amazon on how we have been misled a little by the company. Key Takeaways: [2:57] How much of the Fed's rate hikes have been in an attempt to "reload the gun" for the future? [6:11] What the apreciating US dollar is doing to investors around the globe [9:16] Rates are coming down currently but prices aren't rising, which means it's a good time to be buying real estate [12:28] Carmen's previous experiences in mainland China [18:03] Jason and Carmen's visit to the Amazon Fulfillment Center and an interview with a former employee [21:37] Amazon pickers are walking at least 10 miles a day to get orders together [23:22] The pay raise that Amazon gave their warehouse employees was offset by a slash in benefits [28:59] Jeremy Siegel's "Looming Asset Shortage" article Website: www.JasonHartman.com/Properties www.JasonHartman.com/Cruise
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Apr 16, 2019 • 29min

1173: S&P:GDP Ratio from Alan Greenspan, Assisted Living Investing & Zillow Home Purchases

Jason Hartman and Adam take today's show to look at several articles about today's economy and housing market. The first one is about former Fed Chairman Alan Greenspan's thoughts on the economic state of our country in regards to the growing entitlement culture in America. The other article is about Zillow's foray into the home buying/selling world. Adam and Jason break down how each of these things will impact the average real estate investor. Key Takeaways: [3:34] The 10/1 ratio for the S&P and mortgage rates [10:13] The possibility of investing in assisted living centers isn't as appealing as some make it out to be [15:29] Money goes where it's treated best [16:32] How Greenspan's comments correlate with what the current Fed has said about interest rate hikes this year [19:12] Zillow's venture into the home buying/selling marketplace [22:41] Institutional investors will take a lower return than a single individual [25:31] Warren Buffett's giant problem Website: www.JasonHartman.com/Properties www.JasonHartman.com/Events
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Apr 16, 2019 • 30min

1172: Best Market for Investing, New Construction vs Rehabs, Tax Liens & Deeds

Jason Hartman and Investment Counselor Sara are on today's show discussing what makes for the "best" market for real estate investing, as well as branching out into new markets and whether you should buy new construction or rehabbed properties. After Jason finishes his talk with Sara, he talks with Julia, who will be speaking at the event in Savannah, GA about tax liens and deeds. She gives a brief intro to what they are and what she'll be discussing at the event. Key Takeaways: [4:05] What makes a top market? [6:50] Starting to branch out into Pennsylvania [12:36] What some clients across the globe have been up to recently [17:30] New construction versus rehab Tax Liens and Deed Interview: [23:59] An intro to tax liens and tax deeds [24:57] How Julia was able to buy a house in Savannah for simply paying back taxes [27:26] Julia will be teaching how to avoid problem properties and how she evaluates deals Websites: www.JasonHartman.com/Properties www.JasonHartman.com/Events

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