Creating Wealth Real Estate Investing with Jason Hartman

Jason Hartman

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Nov 28, 2018 • 40min

CW 1090 - New Investing Rules & THE FUN FORMULA, How Curiosity, Risk-Taking & Serendipity Can Revolutionize How You Work & Is There A Crypto Currency Future with Joel Comm

Jason Hartman starts this 10th episode discussing the changing rules for investors, and how to make sure you're playing by the new ones that will actually make you wealthy. Old rules no longer apply because the world has changed completely in the last few decades. Then Jason talks with Joel Comm, author of the new book The Fun Formula and host of the Bad Crypto Podcast, about his new book The Fun Formula and how subtle changes in our thinking and routine can enable us to design the life we truly desire: one of significance and joy. They also discuss why he's bullish on cryptocurrencies and blockchain, the changes blockchain will bring to our society, ICOs and more. Key Takeaways: [3:50] Are humans smarter than monkeys? [5:03] Worst case your real estate portfolio is a forced savings program [10:09] The old rules worked because there were scarce goods and a scarce world. That doesn't exist any more Joel Comm Interview: [18:19] The origin of The Fun Formula [22:30] You have to leave an opening in your life for the world to fill in some gaps [26:20] Joel is bullish on both blockchain and cryptocurrencies [27:35] Blockchain is going to be more disruptive than the smartphone [31:30] Big money is coming in to cryptocurrencies, what are they doing right now? [35:17] The current state of the ICO market Website: www.FunFormulaBook.com The Bad Crypto Podcast
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Nov 26, 2018 • 33min

CW 1089 - Rising Labor Costs, Oversupply in Apartments & Economic Stats to Know

Jason Hartman takes today's episode to discuss some of the big issues in the real estate world. One of the biggest is the rising cost of labor that is causing rising construction costs that is causing a squeezing in the multi-family development. In regards to multi-family, however, we're also seeing an increase in apartment inventory, which is starting to reach scary levels. Jason also goes over some important economic news and ends with Og Mandino's Mission Success. Key Takeaways: [3:38] No service and no people is a common theme in service businesses these days [7:58] Increased labor costs are squeezing the multi-family development pipeline [12:31] The apartment inventory is starting to get scary, with supply getting excessive [21:19] Uncertainty over Brexit has caused people to seek safe haven in bonds [25:52] Og Mandino's Mission Success Website: www.JasonHartman.com/Properties Jason Hartman's Alexa Flash Briefing The PropertyCast
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Nov 23, 2018 • 43min

CW 1088 FBF - Improved Rent Collection With A Carrot & Stick with RentReporters.com's John Simpson

Today's Flash Back Friday comes from Episode 774, originally published in January 2017. The 19th annual Meet the Masters of Income Property is just three short weeks away. This revamped event will feature breakout sessions, top shelf speakers and in-depth discussions about what the rising inflation rates will mean for real estate investors. Jason's guest is John Simpson. Mr. Simpson invested in the trailblazing Rent Reporters before it's official launch because he believed in the business model. He now runs the company as CEO and is the corporate cheerleader to this fairly new, progressive company. Mr. Simpson shares the benefits of his service to both renters and landlords, how to participate in the process and testimonials about the benefit to those this service has affected positively. Key Takeaways: [2:01] Rising interest rates is just one of the subjects we will be discussing at the Meet the Masters of Income Property Event. [3:36] Erin sent in an article from the Kiplinger Letter about the future of the economy and inflation. [9:49] What will Trump do to light the economy on fire? [13:20] Garrett Sutton will be speaking at the 19th Meet the Masters Event. John Simpson Guest Interview: [16:54] Before Rent Reporters there was no mechanism for tenants to get credit for their on-time rent payments. [18:35] The benefit to renters is clear, but what is the benefit for landlords? [20:05] This service makes the renter more accountable. [21:36] The top 3 factors that determine a credit score. [24:54] Many renters have no credit score or they are invisible. [27:16] A landlord will be able to see renter's payments for the past two years. [32:27] Landlords are incentivized monetarily to get new clients for Rent Reporters. [38:22] The statistics that back the Rent Reporters business model. Mentioned in This Episode: Jason Hartman The 3 Dimensions of Real Estate Rent Reporters
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Nov 21, 2018 • 35min

CW 1087 - GRATEFUL, The Transformative Power of Giving Thanks, A People's History of Christianity

Happy Thanksgiving (a little early)!!! Jason Hartman starts today from his Aunt Joanie's house discussing a recent trend among her renters: lease breaking. Joanie has noticed that several of her tenants seem to be jumping in to the buy side after they had given up over the summer. Jason and Joanie discuss why this might be and the correlation between rents and home prices. Then Jason talks with Diana Butler Bass, Ph.D. in religious studies and award-winning author of 10 books including her newest, Grateful: The Transformative Power of Giving Thanks. The two dive in to why being grateful is important, both for the community and the individual. Diana explains the 4 dispositions of gratitude and the health benefits that come from being grateful. PLUS, don't forget to take advantage of Jason's massive Black Friday/Cyber Monday Sale! Key Takeaways: [4:01] People are starting to break leases more often [7:02] Fear of loss is more powerful than desire for gain [9:26] Rents and prices are inversely correlated [11:23] Why Aunt Joanie got into real estate Diana Butler Bass Interview: [16:15] Gratitude actually makes you healthier [21:34] Gratitude functions out of our higher brain, whereas fear functions out of our primal brain. It also helps things in you physically like blood pressure [24:39] The world has changed and we need to stop acting solely from our fear instincts [25:37] The 4 dispositions of gratitude [30:06] Play isn't just about competition, it's about appreciation, movement, and celebration. Ritual celebrations of thanksgiving are important parts of our culture Website: www.HartmanEducation.com www.DianaButlerBass.com www.Twitter.com/DianaButlerBass
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Nov 19, 2018 • 34min

CW 1086 - Financing Multiple Properties & The Perfect Investment, Creating Enduring Wealth from the Historic Shift with Paul Moore

Jason Hartman starts today's show by discussing the enduring asset that is real estate. Buildings you see that have been there for decades, if not centuries, still make money for their owners. Then Jason answers some more mortgage FAQs, including financing multiple properties at once and what a Power of Attorney can do for you. Then Jason talks with Paul Moore, author of The Perfect Investment: Create Enduring Wealth from the Historic Shift to Multifamily Housing, about what demographics are telling the two of them about the next decade for landlords, as well as home ownership rates and the current habits of both baby boomers and millennials. Key Takeaways: [2:47] Income property is an enduring asset class [6:37] More mortgage FAQs: can you finance multiple properties at the same time? [10:37] Can a Power of Attorney sign for you for your investment properties? Paul Moore Interview: [14:11] How the demographics for the next decade looks for landlords [16:09] Where Jason believes home ownership rate should be [18:24] The faster growing demographic of renters is the baby boomers [21:24] Millennials are renting in large numbers, partially thanks to the portability society [25:20] What investing really is and other investment philosophies Website: www.WellingsCapital.com The Perfect Investment: Create Enduring Wealth from the Historic Shift to Multifamily Housing
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Nov 16, 2018 • 36min

CW 1085 FBF - Interest Rates, Low Housing Supply, LA Prices, Disrupting Real Estate with Autonomous Cars & Flying Cars with Pat Donohoe

Today's Flash Back Friday comes from Episode 825, originally published in May 2017. Jason welcomes Pat Donohoe back to the show. Pat is the President and CEO of Paradigm Life and host of the Wealth Standard podcast. Together, Jason and Pat analyze a Wall Street Journal article which addresses lower mortgage rates and how the lower rates may affect the already 'hot' real estate market, how autonomous cars will create a resurgence of the suburbs and how the upper middle-class is rethinking retirement based on the trend of extended life spans. Key Takeaways: [02:22] Wall Street Journal audio clip relating to the current housing market and interest rates. [04:42] Zillow and isolated locations, like LA, with inflated housing values. [11:35] Supply and demand in the rental property market. [14:53] The Wealth Standard Radio and Paradigm Life contact information. [15:36] The resurgence of suburbia will come with autonomous vehicles. [19:28] A warning about spending money on high priced real estate. [25:41] Reinventing retirement based on the cost of living longer. [29:17] The 401k was never really meant as a retirement plan. Mentioned in This Episode: Jason Hartman Longevity and Biohacking Show Venture Alliance Mastermind Zillow Wealth Standard Radio Paradigm Life Unlimited Wealth: The Theory and Practice of Economic Alchemy by Paul Zane Pilzer
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Nov 14, 2018 • 38min

CW 1084 - Mortgage Questions, Appreciation vs Cash Flow & Contest Winner Announcement

Jason Hartman starts today's episode by answering more of the mortgage FAQs that were started in episode 1083 that were spawned from the recent Profits in Paradise event. He looks at his idea of Refi Til Ya Die and what it takes to finance your first 10 properties. He also unveils the Ring Doorbell/Amazon Echo contest winner(s)! Then Jason finishes his interview with client Drew Baker. This time the two tackle cryptocurrency, higher education, the investment landscape as it stands today, and the appreciation vs cash flow dilemma. Key Takeaways: [4:22] You need to either create your own mastermind group or join one if you are looking to improve your lot in life [10:09] Can you do a cash out refinance of your investment properties? [13:18] If your credit score is over 720 you need to borrow more money (assuming that you're borrowing for investment purposes that is) [15:42] Can you finance a primary residence regardless of how many investment properties you own? [17:55] The Ring Doorbell/Amazon Echo contest winners Drew Baker, Part 2: [21:37] A 1 world cryptocurrency would be terrifying and allow governments to inflate as much as they wanted [26:25] The college tuition bubble [29:24] What should investors be looking at today? [35:02] People tend to look at appreciation over cash flow because it's "sexier" Website: www.JasonHartman.com/Properties
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Nov 12, 2018 • 37min

CW 1083 - Self-Management Mistakes, A Strong Economy & Mortgage FAQs

Today's episode starts off with Jason Hartman, in the car, back from Hawaii. He tackles the average length an American stays on the job these days, how technology is changing our buying habits, and starts answering some mortgage FAQs he's been getting lately. Then Jason talks with client Drew about a mistake he made in self-management that shifted his views on contracts, as well as exploring dividend stocks and the economic disaster that is Argentina currently. Key Takeaways: [6:46] Digital camera shipments are down 80% thanks to smartphones [8:20] Mortgage FAQ #1- Can you finance more than 10 properties? [9:43] You only need a 620 to finance your first 6 properties, then a 720 for properties 7-10 Drew Baker Interview: [13:18] A mistake Drew made that made him realize it's important not to deviate from the contract [17:32] Love or hate Trump, he's been good for the economy [21:50] Dividends may sound great, but they're not the most stable [27:05] The currency of today is just getting in front of people [31:30] Argentina has an economic disaster every 10 years Website: www.JasonHartman.com/Contest
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Nov 9, 2018 • 51min

CW 1082 FBF - Critical Thinking, the Financial Media Talking Heads, Tax Liens & Cuba

Today's Flash Back Friday comes from Episode 773, originally published in January 2017. Welcome to Creating Wealth 2017! The most important takeaway from today's conversation is to start investing in real estate income properties now. If you already have an existing portfolio beef it up. Time is short and the longer you own a property the more money you make. Preserve your financial future. On today's show, Jason brings Naresh back after an 8-month absence to discuss the benefits of smoking, the problem with the financial media in the U.S. and the farce which is making money on tax liens and deeds. Naresh also shares his findings from his recent trip to Cuba. Key Takeaways: [1:35] If you haven't started your real estate portfolio and secured your financial future the best day to do it is today. [5:03] The benefits of smoking include being social. [14:00] Thinking critically and holding opposing thoughts on the same subject shows a high level of intelligence. [15:56] Drinking the kool-aid is easier than doing your homework when investing. [17:34] The problem with the financial media is the people delivering the news are not business people. [24:37] How to make money from investing in tax liens and deeds and why it's not a good idea. [35:11] Naresh shares his experiences from his recent visit to Cuba. [42:28] One of the few things Obama did that Jason agrees with is opening up Cuba. Mentioned in This Episode: Hartman Media Jason Hartman Creating Wealth Episode 417 Biohacking and Longevity Show Holistic Survival Podcast Venture Alliance Mastermind Meet the Masters of Income Property
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Nov 9, 2018 • 34min

CW 1081 - Coming Stagflation, Pitfalls of Short-Term Rentals & The End of Ethics & Banking with Scott A Shay

Jason Hartman starts this episode with a look at former Fed Chairman Alan Greenspan's most recent article outlining his concerns with our current economic situation. Greenspan is concerned we're headed toward stagflation, so what would that do to the average real estate investor? One sector that could potentially get hit is short-term rentals, so Jason investigates one of his big concerns on that front. Then Jason finishes his conversation with Scott A Shay, co-founder of Signature Bank and author of In Good Faith: Questioning Religion and Atheism, about the degradation of ethics and character, and how we can reverse the course our nation is still on that idolizes money and power. Key Takeaways: [3:40] Alan Greenspan's new article highlights some of his concerns about our economy [7:19] The graying of America [9:34] Greenspan says Stagflation is coming, so what does that mean for real estate investors? [14:17] What concerns Jason about short-term rentals Scott Shay, Part 2 [20:45] There's a degradation of ethics and character today [25:26] How do we fix our current idolatry of money and power? [30:00] How Adam Smith and Chapter 19 of Leviticus are similar Website: www.JasonHartman.com/Contest www.InGoodFaith.com

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