Creating Wealth Real Estate Investing with Jason Hartman

Jason Hartman

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Apr 12, 2019 • 27min

1171 FBF: Real Estate Investing Advice & Tax Deductible Expenses

Today's Creating Wealth Show is all about the ins and outs of real estate investing. Jason Hartman discusses what you can do to find your way on the path to wealth and how you can make the most of taxation (really!). Key Takeaways 1.45 – The path to wealth lies in diminishing our wants as we simultaneously increase our incomes. 07.05 – With taxation being everyone's single largest expense, we need to find a way of working that in our favor. 10.05 – Depreciation tax deduction is, without a doubt, great for real estate investors. 14.04 – Income property gives you the benefit of trading assets through your life without paying taxes – legally. 19.43 – Yet another benefit is that travel expenses such as gourmet restaurant dinners and luxury hotel stays can sometimes be tax deductible. Even trips to the Creating Wealth Seminars and Property Tours could be deductible! Website: www.JasonHartman.com/Properties
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Apr 11, 2019 • 40min

1170: Happiness & Objectivism from Tal Tsfany, Ayn Rand Institute & Dot Com Bubble 2.0?

There's a lot of money going into tech stocks in today's world, which was the case back in the late 90s. There are some other signs that we may be entering that territory again. Jason Hartman and Adam break down an article that gives 7 signs that we may be headed for round 2 of the dot com burst and see if they agree with the points. Then Jason talks with Tal Tsfany, President & CEO of the Ayn Rand Institute, about free speech on college campuses, how we should be defining things like happiness and selfishness, and why we should be focusing on the self. They also examine the philosophies of those who want to tax the rich in order to redistribute wealth. Key Takeaways: [2:18] Venture Capital investment in tech is around 1999 levels [6:41] The trait behind the boom and bust of the 90s [12:09] How growth stocks vs value stocks relates to the housing market Tal Tsfany Interview: [16:28] What's happening with speech on college campuses is a result of progressive philosophies [18:16] What would Ayn Rand's political views be in today's world? [21:56] Ayn Rand's definition of happiness [25:23] Love is a goal or value that you pursue. It's a spiritual trade [29:20] Ayn's definition of selfishness [33:18] Berkley students in the 60s were reading Ayn Rand to be cool, but not following through on the axioms Website: www.AynRand.org
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Apr 10, 2019 • 38min

1169: Teaching Kids Investing & Real Estate Analysis Software by Anton Ivanov, DealCheck

Have you started teaching your kids how to invest? That's the question that Jason Hartman and Adam tackle in the opening part of today's show. The two discuss some of the more important things you can talk to your kids about in order to set them up for a lifetime of successful investing. Then Jason talks with Anton Ivanov, founder of DealCheck.io, about his real estate journey and what made him create his deal evaluating software. The two also explore what metrics real estate investors can use to best evaluate deals and where to get numbers that will actually give you accurate results. Key Takeaways: [2:55] The first thing you might want to do to teach your kids about investing and how Adam is approaching it with his kids [7:00] Jason's first savings account Anton Ivanov Interview: [14:57] How Anton became an accidental landlord and started his real estate journey [18:07] How the need to evaluate deals led to Anton's technology, and how to evaluate deals in general [21:26] The only sure way to get accurate numbers in cash flow or profit equations [24:13] Some of the metrics Anton loves to use [28:35] Is the future for landlords as good as Jason believes? [35:12] You can buy in blighted areas if you want, but know that they can take a REALLY long time to turn, if ever. Website: www.VentureAllianceMastermind.com www.DealCheck.io - Promo Code CW25OFF
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Apr 9, 2019 • 29min

1168: McMansion Downturn, Retirement Savings, Debt & Identity Theft

Jason Hartman and Investment Counselor Doug take a look today at how to protect yourself from identity theft. 11 major companies had breaches in the past year, nearly guaranteeing that your information was among them. Hear from these two about steps you can take to protect yourself as best you can. They also look into how the McMansion market is tanking, the need for financial literacy in today's school system and household debt across the United States. Key Takeaways: [6:18] The McMansion glut is here, and the sales prices aren't pretty [9:38] The median retirement savings for Americans aged 55-64 does not show good things [13:35] School systems need to teach financial literacy [17:11] Protecting yourself from the crime of our time: Identity theft [20:20] What locations have had data breaches recently [25:09] You can subscribe to identity monitoring services, but the best thing you can do is educate yourself Website: www.JasonHartman.com/Properties
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Apr 8, 2019 • 39min

1167: 1031 Exchanges, Interest Rates, Cap Rates & Self-Driving Cars vs REI with Rich Dad Advisor Ken McElroy

Jason Hartman and economist Thomas open today's show discussing some less talked about aspects of the 1031 exchange. This conversation focuses on how you can incorporate personal property in your exchange and the deadlines the IRS imposes when you're doing your exchange. Then Jason talks with Rich Dad Advisor and multifamily property investor Ken McElroy about his recent sale of $300 million worth of property, as well as supply levels of multifamily properties, why Ken is still bullish on real estate and the future of interest rates. Key Takeaways: [6:25] How to lump personal property into your 1031 exchange [8:04] IRS time deadlines for 1031 exchanges Ken McElroy Interview: [12:45] Why did Ken choose this time to sell his properties and how did he do it? [17:05] Cap Rate fails to take appreciation into account [19:01] Is there an oversupply of multifamily that's causing rents to not grow as quickly? [23:06] What Ken has learned about his facilities for the 55+ community [24:54] Why Ken is still bullish on real estate [28:38] Capital always looks for safety in the US [32:21] The impact things like ride sharing and autonomous cars are having (and will have) on real estate [35:04] Ken's take on the future of interest rates Website: www.JasonHartman.com/Properties www.KenMcElroy.com
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Apr 5, 2019 • 1h 3min

1166 FBF: Finding Freedom in Real Estate Investing with Matt Theriault

Today's Flash Back Friday comes from Episode 407, originally published in September 2014. Matt Theriault is is an entrepreneur, author and success coach who shows people how to start over and begin a new life setting goals and objectives so they can create wealth and live life to the fullest. Matt is the founder and host of the Do Over podcasts. Website: www.EpicRealEstate.com
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Apr 4, 2019 • 36min

1165: Wage Growth, Economic Data & Earning & Investing in a Trade War w/BBC, Forbes & Bloomberg's Jeff Ferry

Jason Hartman begins today's show discussing where the real growth in wages is happening. Fortunately it's happening in the "real" economy, meaning those jobs that are involved in creating the widgets that we use. That sort of data really helps the linear rental markets that we're investing in. He also provides some economic data that's been released recently. Then Jason talks with Jeff Ferry, Chief Economist at the Coalition for a Prosperous America, about what's going on with the US trade war. Jeff has some ideas on how to close the gap between the US and the rest of the world, but Jason has some questions about whether they would cause inflation. They also look into America's manufacturing sector and why we need to ramp it back up. Key Takeaways: [2:52] People with no college degree are seeing their wages climb faster than people with college degrees [6:21] When you have a strong manufacturing base in a real estate market, you have stability [11:33] The economy has to be made up of many different players, and none of them are unimportant [15:45] Consumer confidence slipped for the 4th time in 5 months and housing starts fell 8% Jeff Ferry Interview: [19:35] Jeff's thoughts on the current trade situation [23:51] One of Jeff's solutions for helping cure the trade imbalance is to reduce the value of the dollar [27:45] How would devaluing the US economy impact our purchasing goods from other countries and how would it impact the economy at home? [30:57] You have to have capital formation for a society to create wealth Website: www.ProsperousAmerica.org
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Apr 3, 2019 • 33min

1164: Disincentivizing Home Ownership & History of the Future, Oculus, Facebook & the Revolution That Swept Virtual Reality by Blake Harris

Jason Hartman and his in-house economist Thomas begin today's show by looking at how the tax reform is impacting home ownership across the country. Deductions that use to be highly favorable to many families have now become not as useful as the standard deduction was nearly doubled under the new law. This could cause some people to view purchasing a primary residence a bit differently. Then Jason talks with Blake Harris, NY Times best selling author of the new book The History of the Future: Oculus, Facebook & the Revolution That Swept Virtual Reality, about the impact technology is having on our lives and how virtual reality can (and currently can't) fit into them as well. The two examine who the leaders are on the VR front, what price point you're currently looking at versus how much it may cost in the future and more. Key Takeaways: [6:12] When the government disincentivizes home ownership, investors win [10:38] Some quick and simple math about how changes in the tax law is making some families lose deductions Blake Harris Interview: [14:29] Is the Virtual Reality revolution over before it's even really begun? [17:25] How technology could change the way we look at properties [20:56] What is "affordable" for virtual reality equipment? [22:38] Oculus is the clear leader for now, but who's coming behind them? [26:55] How virtual reality can be used in a social context [30:52] How much farther can virtual reality drive the retail apocalypse? Website: www.JasonHartman.com/Cruise www.BlakeJHarris.com
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Apr 2, 2019 • 35min

1163: Privatizing Fannie & Freddie, Mortgage Rates & Wells Fargo Lending

Jason Hartman and Adam tackle several issues in today's episode, including the potential of Fannie Mae and Freddie Mac returning to a private company, why it can be dangerous to invest in condos and why Jason would allow a lender from Wells Fargo to come to his events. Hear about this and several other current events of the day, as well as the April edition of the mortgage update. Adam interviews Joe the Lender and found out what investors can expect for their loans, the reserves you need to buy homes and more. Key Takeaways: [3:06] Trump has signed a memo to consider ending the government conservatorship of Fannie and Freddie and allow them to return to private companies [7:59] You can be self-reliant and not like government handouts, and think philosophically that things are wrong, but in practice sometimes you should take advantage of the situation [11:19] Why Jason doesn't like investing in condos [15:40] Jason's journey on The Goodyear Blimp [19:06] Why Jason allowed a Wells Fargo lender to come to his events recently [21:38] "Kneejerk Capitalism" Adam's April Mortgage Update: [23:59] What rate can investors be expecting in today's market? [29:13] Reserves needed when seeking a Fannie or Freddie backed mortgage Website: www.JasonHartman.com/Properties
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Apr 1, 2019 • 31min

1162: What Every Real Estate Investor Needs to Know About Cash Flow & 36 Other Key Financial Measures by Frank Gallinelli, Real Data

Jason Hartman talks today with Frank Gallinelli, founder and President of Real Data and author of the book What Every Real Estate Investor Needs to Know About Cash Flow & 36 Other Key Financial Measures, about what metrics Frank finds the most important for single family home investors to pay attention to. They also discuss the "holy grail" metric that investors should be using and when you actually SHOULDN'T invest in real estate. Key Takeaways: [4:30] One of the costliest mistakes Jason has made in his life Frank Gallinelli Interview: [6:23] What are the core metrics that real estate investors should be looking at? [11:09] You should try and forecast best case, worst case, and in-between case for your properties [12:32] What is discounted cash flow? [15:07] The holy grail metric is still IRR (Internal Rate of Return) [16:56] A different way to view Return on Equity [20:29] Is there a time where it doesn't make sense to acquire properties? [26:14] Education is absolutely vital to being a good investor Website: www.JasonHartman.com/Cruise www.RealData.com www.VentureAllianceMastermind.com

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