Creating Wealth Real Estate Investing with Jason Hartman

Jason Hartman

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Jun 6, 2018 • 34min

CW 1010 - Setting Up Your Mini-Family Office & Turbocharge Your Focus, Secrets of the ADHD Brain with Peter Shankman

Jason Hartman takes some time before this 10th episode interview to discuss the concept of the mini-family office and how you can incorporate VAs (virtual assistants) into the mix. Jason provides a litany of websites where you can find VAs, as well as an insight into what characteristics you need to be looking for. Then there's the monetary side of it: does it make financial sense to hire a VA to do this? Well, you can use the Hartman Property Management Metric to figure that out. Then Jason talks with Peter Shankman, author of Faster Than Normal: Turbocharge Your Focus, Productivity, and Success with the Secrets of the ADHD Brain, about how people with ADHD can use it to their advantage, what actions people need to take in order to be successful in their ventures, how to figure out what your audience wants, and when to ignore your audience. Key Takeaways: [4:32] Using VAs to help with your mini-family office [9:28] The type of VA you need to be looking for to help you with your family office [11:17] The Hartman Metric is 1 hour per month per property to manage [13:52] The urban legend of the 3am phone call Peter Shankman Interview: [19:35] How is ADHD a benefit? [22:01] It's important to set up your life in a way that doesn't allow you to get derailed, and the 4 undeniable ADHD life rules [25:05] You can lead the life you want, you just have to be willing to make the trade offs [29:13] Your audience will tell you what they want and where they are, if you're willing to listen [31:08] The only time you want to ignore what your audience is saying they want is when you're a part of a big market disruptor Website: www.ShankMinds.com www.FasterThanNormal.com www.REVAS.us www.HireSmartVAs.com www.ApartmentLines.com www.IVAA.org www.Freelancer.com www.Upwork.com www.TaskRabbit.com
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Jun 4, 2018 • 34min

CW 1009 - Financial Repression, Tax Refugees, & What the Media is Missing About Trump with Kerry Lutz

Jason Hartman talks with Financial Survival Network's founder Kerry Lutz for the whole episode today, as the two discuss the very important concept of financial repression. While financial repression is bad for individuals, it can be very lucrative for people who have invested in real estate properly in their younger years. The two also discuss the current phenomenon of "tax refugees" being created by states like California, and where these refugees are fleeing too, as well as when they expect any economic pullback to happen and what Trump is doing that the mainstream media isn't paying attention to. Key Takeaways: [5:53] Make sure you get a home inspection and make sure you actually read it and learn the language [9:11] What is financial repression? [12:59] Financial repression is a great opportunity for those who invest in real estate [16:35] Tracking the "tax refugees" leaving California [23:06] What kind of economic outlooks has Kerry been hearing from the guests on the Financial Survival Network? [27:04] The mainstream media is missing the fact that Trump is now making large chunks of the government irrelevant Websites: www.JasonHartman.com/Properties www.FinancialSurvivalNetwork.com
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Jun 1, 2018 • 21min

CW 1008 FBF - Refi Or 2 For 1 On Highly Appreciated Properties To Buy In Linear Markets – Client Case Study With Brian

Today's Flash Back Friday comes from Episode 734, originally published in October 2016. Jason's guest, Brian is a client and a longtime Creating Wealth Podcast listener. Brian describes his early days of real estate investing when Sara initially walked him through the buying process. The properties he purchased in Atlanta and Memphis have now matured and Brian is faced with making a decision. Should he refi-til-ya-die or to do a 1031 exchange and get 2 for 1 on his highly appreciated properties. Jason shares his insights on best business practices, how to use an IRA as a tax savings vehicle and recommends some "must read" books on real estate investing. Key Takeaways: [1:57] Brian read Rich Dad, Poor Dad in high school which led him to the Creating Wealth podcast. [3:19] Brian was pleased with the support he received from Sara and the Local Market Specialists. [6:14] Is refi-til-ya-die always the best option or does the 2 for 1 plan make better financial sense on highly appreciated properties? [9:55] The 2 for 1 exchange gives the owner all of the equity to reinvest. The refi-til-ya-die option is limited to the cash-out loan to value ratio. [11:10] A refi may be a simpler option and offers a locked-in lower interest rate. [13:38] Brian shares his real estate investor stories on his website Rental Mindset. [14:59] When buying real estate inside of an IRA you get a tax efficient vehicle inside of another tax efficient vehicle. [15:41] Read Garrett Sutton's Loopholes of Real Estate. [16:59] Rationalizing buying a property sight unseen. Mentioned in This Episode: Jason Hartman Hartman Education Rental Mindset
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May 31, 2018 • 32min

CW 1007 - Dodd Frank Repeal, Renting To Criminals, Blockchain, Florida, Landlord Friendly Markets

From the studios of the Financial Survival Network, Jason Hartman and Kerry Lutz get together for this episode to discuss the softening of Dodd-Frank, changes in protections for renters in some markets of the US that are making it harder for landlords, potential uses for Blockchain that could significantly impact the way people invest, and some key economic lessons you have to teach your children. Key Takeaways: [5:49] Jason went and got stretched today, and it was quite the experience [7:07] The FBI says you need to reboot your router ASAP [8:45] The counter intuitive concept that is slowing home sales in the US [11:58] If you can trade tokens instead of stocks the transaction fees can be sliced immensely [15:23] The biggest commitment in precious metals to blockchain [21:31] Jason & Kerry's thoughts on the changes to Dodd-Frank [25:58] The #1 thing you need to teach your kids about economics: money always goes where it's treated best [29:24] The Meet the Masters audio product is now available at HartmanEducation.com Website: www.HartmanEducation.com www.JasonHartman.com/Properties www.JasonHartman.com/Food
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May 28, 2018 • 37min

CW 1006 - Up-Level Your Life & The Libertarian Chick Kristin Tate's Field Guide to the Great American Rip-Off

Jason Hartman starts off today's show on the heels of his weekend with the Venture Alliance Mastermind in New York. In the car with two attendees, Jason discusses why it's important to improve the level of conversation in your life and why this weekend was useful. Then Jason talks to The Libertarian Chick, Kristin Tate, about the hidden taxes we all pay in our life, and how to do something about that. Kristin explains that often the taxes that we're paying are not being used for the purpose that you would assume they would be. Key Takeaways: [4:25] Try to up-level your conversations [8:57] Come join Jason for a tropical vacation in November Kristin Tate Interview: [10:34] Are millenials just not paying attention to fiscal policies? [12:33] We are being taxed EVERYWHERE, even when we don't see it [15:43] Where some of your tax money is going probably isn't where you expect [20:42] The debauchery tax & unintended consequences [24:20] Awareness is step 1, what's step 2? [27:50] The smaller the municipality the easier it is to get rid of the tax [33:00] How did Kristin get into this line of work? Website: www.TheLibertarianChick.com www.Twitter.com/KristinBTate
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May 25, 2018 • 49min

CW 1005 FBF - Gary Pinkerton - Change How You Think About Real Estate Investing & Client Case Study

Today's Flash Back Friday comes from Episode 749, originally published in November 2016. Jason and guest Gary Pinkerton breakdown the article, 27 Charts That Will Change How You Think About the American Economy. Each chart represents changes in the US economy related to productivity, demographics or inflation. Highlights of the discussion include the possibility for people to work well past the current social security mandated retirement age, the lopsided amount of service jobs as compared to labor jobs and the real opportunity which exist for real estate investors based on the percentage of Americans with a sizable nest egg. Key Takeaways: [1:14] Phenomenal opportunities await real estate and income property investors. [5:15] A Gobankingrates survey illustrates the crisis at hand showing 62% of the US population has less than $1000.00 as savings. [9:46] Join us for the upcoming Venture Alliance Mastermind in Phoenix. Gary Pinkerton Guest Interview: [14:04] Gary was looking for a way to shift active income into passive income which led him to the Creating Wealth podcast. [16:21] The 27 Charts that will change how you think about the American economy article, by Timothy Lee. [20:31] As the Service Industry grows, it is a clear indicator of progress and a higher standard of living. [24:23] People have been dropping out of the labor force since the year 2000. [26:54] The real estate charts show growth in urban areas. [31:29] Analyzing chart #19, Inflation-adjusted housing prices. [36:42] Housing prices have grown a lot faster than construction costs. [41:06] The ways Americans retire are changing. Mentioned in This Episode: Jason Hartman Hartman Education Venture Alliance 27 Charts That Will Change How You Think About The American Economy. Paradigm Life - About Gary Pinkerton
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May 23, 2018 • 31min

CW 1004 - The Future of Interest Rates & What Taylor Swift, Uber, and Robots Tell Us About Money with John Tamny, Part 2

Jason Hartman starts off today's episode with a little talk on where interest rates may be headed (according to one economist) and how that would impact current real estate investors. Hint: it's a pretty good thing. He also has to throw in a qualifier to his "Amazing time to be alive" mantra, because there are a few things that aren't amazing right now. Then Jason finishes up his interview with John Tamny, director for the Center for Economic Freedom, Editor of Real Clear Markets, and author of Who Needs the Fed?: What Taylor Swift, Uber, and Robots Tell Us About Money, as the two discuss the impact of automation on all aspects of our life. John is excited about what all of this change will mean for the common worker and believes it will lead to higher quality of life for all. Key Takeaways: [4:12] A qualification to the beloved Jason mantra of "It's an amazing time to be alive" [7:18] Let Jason control the music and he cares not who controls the laws and the money [12:13] What Martin Armstrong thinks interests rates will be jumping to [15:28] Investors already in the game are praying for higher interest rates John Tamny, Part 2 [20:18] Automation is going to lead into a surge in new kinds of jobs [25:00] The demand for entertainment and service is going to explode [26:49] Tamny's Law: as prosperity grows more and more people escape laziness because they find work they love [28:29] John's thoughts on Universal Basic Income Website: www.JasonHartman.com/Properties www.RealClearMarkets.com
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May 21, 2018 • 37min

CW 1003 - Creating Long-Term Tenants & Who Needs the Fed?: What Taylor Swift, Uber, and Robots Tell Us About Money with John Tamny

Jason Hartman kicks off the show with listener Nate and his mom discussing what was learned during the recent Creating Wealth seminar, as well as getting some tips about how to create long-term tenants who are understanding of rent increases. Then, in part 1 of their interview, Jason talks with John Tamny, director for the Center for Economic Freedom, Editor of Real Clear Markets, and author of Who Needs the Fed?: What Taylor Swift, Uber, and Robots Tell Us About Money about why he believes the Fed doesn't have anywhere near the power they're given credit for, why their policies aren't effective in today's world, and why demographics may not be as useful as they're believed. Key Takeaways: [5:01] If your tenants are there too long it might be a sign your rent is too low [10:22] Some tips on long-term tenant retention [14:49] Evictions don't just stem from not paying rent John Tamny Interview: [19:57] How Uber made John realizing something about the Fed [23:40] The importance of the Fed is vastly overstated [28:42] The idea that the rest of the world is in on some deal where they hold worthless treasuries isn't realistic [31:39] Demographic arguments regarding Japan don't hold a lot of weight with John [35:26] Money flows to its highest use, regardless of the Fed Website: www.VentureAllianceMastermind.com www.RealClearMarkets.com
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May 18, 2018 • 47min

CW 1002 FBF - Dr. David D'Ambrosio Client Case Study - Equity Stripping, 1031 Exchanges & Market Diversification

Investment Counselor, Sara is back on the show. She joins Jason to discuss her three new properties in Memphis, how a client beat her to the punch on other properties she was interested in and just how competitive the market is right now. And in the client case study, Dr. David D'Ambrosio shares his experiences with the 1031 Exchange on properties in the Orlando and Indianapolis markets. He shares his opinions on why more high-tax bracket professionals are not investing in real estate and he asks Jason about what his next steps should be? The beautiful thing about real estate is you can acquire an asset, get your money back out and still own and control the asset. Plus, you pay no taxes on the money you extract. Key Takeaways: [2:12] Sara just closed on three properties in Memphis and she wears PJ's to bed. [6:16] Rate locks - Should you let it float or lock it in? [9:15] Commodities that make up a house are copper wire, glass, steel, petroleum products are independent of any currency. [13:53] Is the Creating Wealth show the Fox News of real estate? One listener thinks so. Dr. David D'Ambrosio Client Case Study: [17:34] Dr. David D'Ambrosio is Radiation Oncologist living the American Dream. He has always had an interest in real estate. [19:52] Dr. David recently did a 1031 Exchange and then purchased four properties in Orlando. [21:34] There are two ways to diversify a real estate portfolio. One is location and the other is through cash flow and appreciation. [23:25] The 1031 Exchange allows for only 45 days for identifying properties but up to six months to close. [26:08] It's frustrating more people, doctors in particular, aren't investing in real estate. It's an absolute no-brainer. [32:16] Local community banks will provide financing to investors after they reach their traditional property limit. [38:24] Is it feasible to do a cash out refinance if you can get a sizable amount of cash? [40:27] The deferred down payment option offered a nine-year break even point. [43:25] Equity stripping is pulling the money out of a property, having control of the cash and still own the property. Mentioned in This Episode: Jason Hartman Venture Alliance Mastermind Hartman Education
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May 16, 2018 • 28min

CW 1001 - Mini Client Case Studies

Creating Wealth's 1001st episode is a time to take a look back at the people who have made this show possible, the listeners and clients. Jason has been blessed to have such great clients who come on the podcast to tell other listeners about their real estate journey. Today we've curated some mini client case studies as we look back at what actual real estate investors have to say about their experience working with Jason. Website: www.JasonHartman.com/Events

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