Creating Wealth Real Estate Investing with Jason Hartman

Jason Hartman

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Oct 15, 2018 • 34min

CW 1070 - Pruning Your Portfolio & Character & Grit, The Power of Passion & Perseverance with Angela Duckworth

Jason Hartman starts today's episode with his friend Matt Andrews, as the two discuss why they enjoy real estate and how they discover new ways to produce profit in their real estate deals, as well as the need for you to prune your portfolio. Then, for his 10th episode, Jason talks with Angela Duckworth, Founder & CEO of Character Lab, former advisor to the White House, World Bank, NBA & NFL teams, and author of the new book Grit: The Power of Passion and Perseverance. The two delve into what character and grit are and the steps you can take to improve yours. Key Takeaways: [3:21] The practice of "pruning" [7:06] As you progress along your real estate journey you'll continue to find ways to profit on your deals. Angela Duckworth Interview: [9:57] Are we in a crisis of character moment in history? [13:37] Is character an absolute or constantly in flux? [18:57] One reason why the wicked don't prosper [21:31] What is grit and how do you develop it? [24:53] If you want to be different, be consistent [28:54] The steps to becoming gritty Website: www.CharacterLab.org www.AngelaDuckworth.com www.JasonHartman.com/Properties Profits in Paradise Jason Hartman's Alexa Flash Briefing The PropertyCast
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Oct 12, 2018 • 39min

CW 1069 FBF – How to Profit from The Coming Demographic Cliff with Harry Dent

Today's Flash Back Friday comes from Episode 722, originally published in September 2016. Today's guest, Harry Dent is the author of multiple financial books designed to help you keep your wealth. Harry predicts an upcoming deflationary period followed by a huge debt bubble burst in the US. He wholeheartedly agrees with Jason and says the everyday house is where your money should be if you are a real estate investor. The uber rich and the Chinese will be the losers in this economic downturn and Wall Street will slide under 6000 and Shanghai will hit 1000. Harry says the market needs a cleansing because without it the markets will falsely re-inflate themselves for the sixth time. Hold on tight investors times they are a changin'. Key Takeaways: Harry Dent Guest Interview: [5:07] Something for nothing is an unattainable goal. You can't just print free money! [6:10] Why doesn't the US have significant inflation with the exorbitant amount of money creation? [7:48] In the US from 1983 to 2008, private debt peaked at 42 trillion. The debt had grown for 25 years at 2.5 times faster than the GDP! [11:02] Banks create debt and then get free money. It will be painful, but necessary to deleverage the debt. [16:15] The everyday house is the best investment option when the bubble bursts. [19:01] The uber rich will get slaughtered during the next debt bubble crisis. [20:51] The wealthy Chinese will be are laundering money and buying US real estate. [22:57] 240 million rural migrants are trapped in Chinese cities with no hope for the future. [27:22] Fracking will be the next debt default in the US. [28:45] Deflation is a sign a financial bubble is bursting. [31:30] We are living in a Keynesian economy. We are addicted to financial drugs and we can't kick the habit. [33:12] Interest rates are going up for bonds and mortgage rate will come down. Mentioned in This Episode: Jason Hartman Harry Dent The Demographic Cliff Profits in Paradise Jason Hartman's Alexa Flash Briefing The PropertyCast
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Oct 10, 2018 • 32min

CW 1068 - Prepare for the Next Recession NOW, Trade Wars & Inflation Today vs the 60s

Jason Hartman takes today's episode to look at inflation, the trade war, and how the economy lags behind things like these. To help him with that dissection he brings in one of the new additions to his team, in house economist Thomas. Thomas helps Jason decipher his charts that show how the home sales change along with inflation and mortgage rates. All of these things add up to important tools you can use as you prepare your portfolio for the next recession we all know is going to show up sooner rather than later. Key Takeaways: [3:18] It's important to think about the next recession BEFORE the next one [9:37] Inflation numbers really started to be manipulated during the Stagflation years [14:05] What you see when you compare the 30 year mortgage rate to existing home sales [18:26] Inflation has been announced as mild recently, but how does it impact the economy and attitudes in general? [20:01] What does the trade war mean for inflation? [27:01] How rising interest rates effect different aspects of home buying Website: www.JasonHartman.com/Properties Profits in Paradise Jason Hartman's Alexa Flash Briefing The PropertyCast
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Oct 8, 2018 • 37min

CW 1067 - 6 Reasons I'm Right About the Economy & Investing, Plus More Earnings for the Low Wage Workers

Jason Hartman starts off today's show talking about the disaster that is the American political system, as well as the truly remarkable thing that's happening in the US economy right now that's not getting enough attention. Then, Jason plays some of his segment from the latest Cash Flow Wealth Summit where he talks about the 6 ways the US government can solve their $220 trillion obligation and which one we can take the most advantage of as investors. Key Takeaways: [5:12] Politics have become a complete fiasco [6:33] What's going on in our economy is nothing short of a miracle, the bottom 10% of society have seen their wages grow 5% [10:52] Automakers are starting to do more parts of their manufacturing in the USA Cash Flow Presentation: [15:41] The entitlement society isn't going to change, so align your interests [17:25] We must understand the motivations of governments and central banks [19:24] The 6 ways the government can deal with the looming entitlement bill [27:04] The most likely solution the government will choose [30:43] Inflation is the most powerful method of wealth redistribution from lenders to borrowers, old to young Website: www.JasonHartman.com/Properties Profits in Paradise Jason Hartman's Alexa Flash Briefing The PropertyCast From Kavanaugh's Hearing
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Oct 5, 2018 • 40min

CW 1066 FBF - Garrett Sutton – Real Estate Tax Benefits & Millions Of New Renters

Today's Flash Back Friday comes from Episode 717, originally published in August 2016. The sharers, or those who participate in the sharing economy, are many. They are a huge untapped segment of opportunity for real estate investors. Jason summarizes Mike Willinger's article, I Am a Sharer. Will the sharers create the next big real estate bubble Harry Dent cautions us about? And, taxes are the single largest expense in a person's life. If you are a real estate income property investor or considering becoming one this episode is for you. Jason plays a comprehensive audio clip from Garrett Sutton's book, Loopholes of Real Estate. Jason details and defines the important terms and identifies the caveats so you can be the most informed investor you can be. Key Takeaways: [1:47] Jason relays Mike Willinger's article about sharers. [9:08] Will there be a resurgence of suburbs? The autonomous vehicle may make them popular once again. [11:08] Harry Dent is predicting a real estate bubble. The questions is which markets will be affected? [13:30] The US has a rigged corporate media system. [15:54] Who is your favorite tax preparer? Are they Enrolled Agents? [18:26] Beginning of the audio clip from Garrett Sutton's Loopholes of Real Estate. [24:13] To qualify for the real estate professional tax incentive you must spend more time your real estate business than in any other business. [31:12] Property Tracker software makes it easy for real estate professionals to track their time. [33:40] The Property Fixer app can assist the professional property flipper. [35:38] Upcoming events include the Venture Alliance in Seattle and the Software and Buying event in Phoenix. Mentioned in This Episode: Jason Hartman Hartman Education Venture Alliance Mastermind Real Estate Tools Property Tracker Software Corporate Direct Suttlaw
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Oct 3, 2018 • 38min

CW 1065 - Wealth Simulator & Life After Google, The Fall of Big Data with George Gilder

Jason Hartman talks with George Gilder, author of Wealth & Poverty, Knowledge & Power, The Israel Test, The Scandal of Money, Life After Google, as well as being an investor, writer, economist, and info-theorist, about his newest book, Life After Google. The two discuss how society is shifting when technology continues to change, as well as how blockchain is going to disrupt the entire thing anyway. George also addresses the entrepreneurial spirit in America and what to expect in the next 5-10 years Key Takeaways: [2:48] What is the Wealth Simulator? [6:24] Doug is excited to see how people's different risk appetites create different scenarios in the Wealth Simulator at Profits in Paradise [9:38] It's important to realize the value of an idea George Gilder Interview: [14:38] What is Google Marxism? [19:22] Since many of Google's services are free, their learning may be slower than other companies [21:32] Google's ultimate goal [22:26] What will the future look like in 5-10 years with blockchain technology continuing [26:02] The cryptocosm offers is a new architecture for the internet [29:25] The entrepreneurial spirit is alive and well in China, more so than in the US [34:49] What Life After Google offers Website: George Gilder Books on Amazon www.JasonHartman.com/Properties Profits in Paradise Jason Hartman's Alexa Flash Briefing The PropertyCast
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Oct 1, 2018 • 31min

CW 1064 - Cash Flowing in a Higher Rate World: The Return of Deferred Down Payments, ARMs & the Buy Down

Jason Hartman takes today's episode to discuss how investors can cash flow in a world that features increasing interest rates. With the Fed continually raising rates on their way to their goal, investors are seeing their rates slowly rise. Jason takes some time to discuss 3 strategies investors can use to help profit during these times and bring a new report from the self management journey of client Andrew Baker. Finally, producer Adam talks with a lender from the network about where rates are today, where they're expected to go in the next few months, and where they're likely to end up once the Fed stops raising. Key Takeaways: [4:20] What things to expect coming back to the market as interest rates rise [7:59] Pricing a mortgage from the perspective of the mortgage company [9:12] Calculate when your break even point for paying a buy down is to determine whether or not you should do it [11:49] Some more from Andrew Baker's self management adventure Mortgage Minutes for October 2018 [24:39] Do points make sense right now? [27:22] Where can we expect interest rates to be by the time the Fed is doing raising rates? Website: www.JasonHartman.com/Properties Profits in Paradise Jason Hartman's Alexa Flash Briefing The PropertyCast
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Sep 28, 2018 • 50min

CW 1063 FBF - Shane Sauer - Finding Stable Rental Property Neighborhoods, RentFax & Real Estate Investment Tools

Today's Flash Back Friday comes from Episode 698, originally published in July 2016. Today's guest Shane Sauer is a Co-Founder of RentFax, a company which pairs real estate industry knowledge with technology tools to help investors analyze their income property investment risk. The goal is to find good, stable rental neighborhoods for long-term buy and hold investments. Shane shares the sources of the information RentFax uses to calculate their property scores and what other due diligence is necessary when buying income property. Key Takeaways: [2:00] Business Insider Labor Market Article: Millennials grow up, increasing the US birth rate. [8:39] Property analyzers are not the holy grail of real estate. Technology is only as smart as the input it receives. [12:18] Phoenix, Arizona is the site of the next Creating Wealth event in September. Shane Sauer Guest Interview: [15:03] Rentfax reports scores rental properties on anticipated Risc (rental income stability composite), rent and vacancy rates. [19:03] Does this software help real estate investors make the best investment decisions? [24:13] Rentfax partnered with geospatial data experts to filter 100 different data points on potential properties. [30:29] ROI is not only Return on Investment but also Return on Involvement or Effort to Earn. [33:23] Using the average tenant's duration as a measurement for vacancy rates. [39:07] Rentfax doesn't distinguish between Section 8 neighborhoods and Non-Section 8 neighborhoods. [42:23] Real estate investors should educate themselves and aggregate information before buying. Mentioned in This Episode: Jason Hartman Creating Wealth Episode 693 - Buy-Downs Hartman Education Venture Alliance Mastermind RentFax RentFax on Facebook
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Sep 26, 2018 • 28min

CW 1062 - Client Case Study: 5 Homes in 7 Months & Hurricane Florence Update

Jason Hartman begins this episode on a somber note, talking with Phil in Myrtle Beach about the aftermath of Hurricane Florence. Phil discusses what the status of his neighborhood is, the good deeds being done in the area, and how he expects his tight knit community to protect each other in the aftermath. Then Jason moves to a happier subject, talking with client Diana Dine about her experience investing in real estate. Diana just recently bought her first home and is now up to 5 properties between Jackson and Memphis. She recently went to both cities to meet with the Local Market Specialists and discusses her future plans as she moves toward her financial independence. Key Takeaways: [3:14] The power situation in Phil's neighborhood [8:17] What can people do for the hurricane damaged communities right now? [11:34] The aftermath of the hurricane is generally worse than the actual hurricane Client Case Study with Diana [13:59] Why did Diana get interested in real estate? [18:00] Diana decided to buy her first property at the 2018 Meet the Masters [19:20] Diana's experience meeting the Local Market Specialists [23:49] How many properties Diana thinks she needs to reach financial independence Website: www.TritonRelief.org www.JasonHartman.com/Properties Profits in Paradise Jason Hartman's Alexa Flash Briefing The PropertyCast
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Sep 25, 2018 • 29min

CW 1061 - $200,000 House Payments, Fractional Reserve Banking & The Business of Redemption with James Arthur Ray, Part 2

Today's bonus episode starts with a dive into what Jason has been saying for a while, and what the ultra-wealthy are taking advantage of. Leverage debt and keep a high loan balance. Listen in to find out why. Then Jason concludes his 10th show interview with James Arthur Ray. The two finish their discussion on what wealth truly is, and also look at what we've all done in our life that we need redemption from, why the onus is always on the business owner, and more. Key Takeaways: [3:46] The best insurance during natural disasters is a high loan balance, because you're the ones they will be helping out afterward. [6:57] The ultra-wealthy are leveraging debt and getting phenomenal interest rates [10:20] Bailouts during the Great Recession fueled populist anger because they helped companies, not the people [12:50] What an aide told Jason was the reason they bailed out the institutions James Ray Interview: [17:56] We all need redemption because most of us have sold out our meaningful life for money [22:25] You HAVE to understand that leaders make decisions. Website: www.JamesRay.com www.JasonHartman.com/Properties Profits in Paradise Jason Hartman's Alexa Flash Briefing The PropertyCast

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