Creating Wealth Real Estate Investing with Jason Hartman

Jason Hartman
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Mar 29, 2019 • 28min

1161 FBF: Robert Kiyosaki, author of Rich Dad, Poor Dad: Financial Education & Cultivating Entrepreneurial Genius

Today's Flash Back Friday comes from Episode 387, originally published in July 2014. Robert Kiyosaki is the acclaimed author of Rich Dad Poor Dad. The Rich Dad Company has made Rich Dad Scams: 8 Financial Scams Disguised as Wisdom available for free eBook download, so Kiyosaki talks in detail about scams everyone needs to understand. Kiyosaki discusses the fundamental challenges with the traditional school system and how corporate America kills the entrepreneurial genius of many bright workers. He also explains how much money one should have in their bank account. Website: www.RichDadCoaching.com www.RichDad.com
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Mar 28, 2019 • 32min

1160: Jeremy Heimans: New Power, How Power Works in Our Hyperconnected World & People Processing

Jason Hartman starts today's show with a bit of a rant. We're in a world where many "gurus" are just sales people who bring you in, promise you the world, then hand you off to low paid people who simply read a script to you. We have to demand better than that. Then Jason talks with Jeremy Heimans, co-founder and CEO of Purpose and author of New Power: How Power Works in Our Hyperconnected World - and How to Make It Work for You, about how movements are started in today's world, why you're seeing power concentrated more and more, and getting more buy in from your audience. Key Takeaways: [3:20] People don't want to be processed [6:40] One of the best, weird compliments Jason's ever received from one of his clients [8:28] Plan your vacations with Jason, next event is coming up in May Jeremy Heimans Interview: [12:46] Old power vs new power [17:34] How do you start a movement? [24:44] We're seeing more and more concentrations of power even when we thought it was decentralized [29:04] How much equity are companies giving to their supporters? Website: www.JasonHartman.com/Cruise www.ThisIsNewPower.com
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Mar 27, 2019 • 36min

1159: Components of Mortgage Payments & Market Profile: Central PA

Jason Hartman starts the episode off with his in-house economist Thomas and the two discuss various parts of a mortgage payment and how each interacts with the other. They also compare whether a 15 or 30 year mortgage makes sense in an inflation or deflationary environment. Then Jason speaks with a new LMS who is offering properties in the central PA area, including York. The LMS explains what markets are supporting the local economy, general tenant profiles, rehab practices and property types that are available. Key Takeaways: [2:01] What makes up a mortgage payment? [5:39] Even with a slightly higher interest rate, Jason believes the 30 year fixed rate still beats the 15 year. Market Profile: [7:18] Why is South Central, PA a good place to invest? [10:08] The target tenant for the market and what employers are supporting the economy [14:30] How transportation fuels the network of the area [16:18] The target property and renovations done [21:00] The rehab process [29:56] Looking for the catch in the market, whether it be Section 8, insurance or property taxes Website: www.JasonHartman.com/Properties
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Mar 26, 2019 • 22min

1158: Big, Boring, Profitable Idea: Day 2

Jason Hartman wraps up day 2, Sunday, from Meet the Masters. With one visitor travelling 22 hours from Australia and nearly 100 people streaming online, the event was a massive success. Listen in as we hear some live clips from Jason, home inspectors, George Gilder from Life After Google, Mani from 2,000 Books, Drew Baker on self-management and more. Website: www.JasonHartman.com/Cruise www.VentureAllianceMastermind.com
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Mar 25, 2019 • 20min

1157: The Big, Boring, Profitable Idea: Meet the Masters, Day 1

Today's episode is all about the first day of Meet the Masters. Hear from attendee Lisa as she discusses why you should come to the event and what she's hoping to get out of Meet the Masters, some tax information from Tom Wheelwright, some lending knowledge from a panel of Jason's lenders, a discussion of rehabs that Local Market Specialists are doing to the properties you're purchasing through our network and more. Website: www.JasonHartman.com/Properties
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Mar 22, 2019 • 37min

1156 FBF: Real Estate Tax Advice for Income Property Investors with Mike Murphy "Master" CPA

Today's Flash Back Friday comes from Episode 367, originally published in March 2014. Mike Murphy of the CPA firm Murphy, Murphy, & Murphy is one of the lauded experts invited to speak at the 2014 version of Meet the Masters of Income Property Investing back in January. The topic is one near, dear, and feared by property investors – real estate taxes. There's an old saying, "Nothing is certain but death and taxes." Taxes are a fact of life. Although the prospect of dealing with taxes is not especially appealing, Jason has been extolling the tax benefits associated with rental real estate for years. As America's most tax-favored asset, it can put money back in your pocket (or keep it from ever leaving in the first place) better than anything else. Mike delves into a topic that often confounds our best attempts to understand it. According to current U.S. tax laws, virtually any funds an investor directs toward maintaining or improving an investment property can be tax deductible. Some deductions can also apply to periods of vacancy – the so-called Passive Activity Loss Break – as well as non-cash write-offs for the simple depreciation of the structure itself, calculated over the period of almost three decades. An important point Murphy makes early is that an investment property is broken down into two components: land and the structures on the land. While the cost of the land itself isn't tax deductible, the structure is, which means the residential building you buy in order to rent out to a tenant. Tax breaks flow from the structure, and here are several you need to understand as an investor. Website: www.Murphy3.com
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Mar 21, 2019 • 25min

1155: Not All ROI Created Equal & Show Me the Rental with Cliff Hayden

Jason Hartman does the show from the car on his way to Meet the Masters this weekend. Before he gets to his guest, however, he wants to share an old clip he put together several years ago that still has significant relevance discussing the principle of I.D.E.A.L. Then Jason talks with Cliff Hayden, creator of Show Me the Rental, about how he started his business, what his software does, and property management tips for real estate investors. Key Takeaways: [2:25] The I.D.E.A.L. principle Cliff Hayden Interview: [11:40] What frustrated Cliff enough to create Show Me the Rental [13:35] How Show Me the Rental works [17:34] Some sample questions Cliff's software might use [21:50] What platforms Show Me the Rental connects with [23:17] Cliff's property management tips Website: www.ShowMeTheRental.com
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Mar 20, 2019 • 38min

1154: Mortgage Payment Factors & Inside Job, The 3rd Pillar & Fault Lines by IMF's Raghuram Rajan

Jason Hartman starts the show talking to in-house economist Thomas about the things that impact your mortgage payment when you first get your loan. Some of them are pretty obvious, but there are several things that stand out as uncommon. Then Jason talks with Raghuram Rajan, former Governor of the Reserve Bank of India and former Chief Economist and Director of Research at the International Monetary Fund (IMF), about how community has been weakened, which has allowed competitive markets and governments to get out of balance. They also discuss what jobs will remain after automation takes off even more, mortgage rates and whether we're headed toward inflation or deflation. Key Takeaways: [2:52] What sorts of things impact your mortgage payment when you first receive your loan [4:55] There are some new credit scoring models that are becoming more prominent [9:26] If interest rates start to climb too high, adjustable rate mortgages might start making a comeback Raghuram Rajan Interview: [13:45] What the IMF is and how it differs from the World Bank [18:40] Massive technological change tends to hit an area and hurt before the benefits kick in later [21:51] After automation comes and takes many of the jobs, there will still be jobs that involve human interaction [27:11] Is Raghuram seeing inflation, deflation, stagflation or what in the coming years? [29:54] Are mortgage interest rates artificially low? [34:38] There's good deflation and bad deflation Websites: www.JasonHartman.com/Masters The Third Pillar: How Markets and the State Leave the Community Behind Raghuram Rajan at Chicago Booth School of Business
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Mar 19, 2019 • 33min

1153: Trouble at Amazon & REIanalyst Data with Ryan Minekime

Jason Hartman and Adam start off today's show discussing the way Amazon treats their employees and how they don't operate in a truly free market. There are some options to create a more even playing field, which many libertarians (which Jason considers himself one) don't like the sound of. Then Jason talks with Ryan Minekime, co-founder of REIanalyst, about how his tool allows investors to whittle down their list of potential properties quickly. Key Takeaways: [3:25] Too much financial "news" we get now is really just financial entertainment [11:44] Amazon has pushed everyone else out, making it hard to shop anywhere else Ryan Minekime Interview: [19:01] REIanalyst was born out of a need Ryan had to see more properties in less time [22:10] How Ryan's data is figured out when making assumptions on properties [24:53] Where REIanalyst gets their data [28:47] Information for investors is severely lacking Website: www.JasonHartman.com/Ask www.REIanalyst.com
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Mar 18, 2019 • 38min

1152: Fleeing High Tax States & Client Case Study: Ira Boyd, 13 Properties & Counting

Jason Hartman and Adam start today's episode discussing how people who are fleeing high tax areas are getting audited by their original state to ensure that they have actually left. The ways they have to track you now are such that faking it will get you caught, and it's just not worth it. Make it a plan to leave and move to a no income tax state and do it! Then Jason talks with client Ira Boyd about his journey in real estate investing. Ira started off purchasing properties on his own, with some success but not as much as he'd hoped. After he found Jason's network, however, he's gotten in much better properties and is up to 12 investment properties and his personal residence. Ira discusses how live events aided his journey, where he sees his future in real estate investing, and what areas he thinks he needs to work on. Key Takeaways: [6:49] States creating an economic Berlin Wall Ira Boyd Client Case Study: [16:28] It's almost better not to see the property, because then you're buying based on intellect and not emotion [19:46] Meet the Masters gave Ira the traction he needed to start investing through Jason's network [22:57] Ira can't stress enough how much you need to go to an event and how helpful it will be [27:24] Ira's plan for his portfolio [31:20] Ira's policy on rent increases needs work Website: www.JasonHartman.com/Masters www.JasonHartman.com/Properties Book Your Time to Do a Client Case Study!

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