Creating Wealth Real Estate Investing with Jason Hartman

Jason Hartman
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Jan 12, 2018 • 45min

CW 940 FBF - Erasing Negative Self-Talk with Emily Filloramo

Today's Flash Back Friday comes from Episode 610, originally published in December 2015. Our Meet the Masters of Income Property event is coming up soon and to start prepping for the affair Garrett Sutton introduces us to his topic of discussion for the event, asset protection. We talk about his new book and strategies for protecting your assets. During the guest interview, Emily Filloramo helps us to unlock the fear and shame which may be holding us back from being the best we can be. She describes how childhood traumas may have a lasting effect in our business and personal lives. We need to recognize our negative self-talk and analyze our personal protective systems. Key Takeaways: Garrett Sutton Intro: [2:23] Asset protection advice from someone who knows the business [4:09] The State of California is the worst place to do business in the U.S. [7:11] What is your asset protection strategy? [8:47] Series LLC's [10:16] Garrett has 10 books including 6 in the Rich Dad Advisor series and his new book [12:04] Meet the Masters of Income Property, extra tickets are available [13:04] Venture Alliance Mastermind meeting is in Dubai - Get your tickets now Emily Filloramo Guest Interview: [15:00] Pieces of ourselves which hold us back [17:27] Going deeper to identify the part of you which is afraid of success [18:52] People live through a mask especially in their 20's and 30's [21:15] Feeling shame and not belonging at a young age [23:47] Arrogance is a sign people are hiding shame [25:18] Understanding psycho-spiritual healing [28:44] Is it safe for you to reach a goal is a question which identifies negative self-talk [31:07] A Nelson Mandela quote [33:05] Self-sabotage in the face of fear [36:36] Analyzing your protective system [40:41] Contact information for Emily Mentions: Garrett Sutton Finance your own Business - Garrett Sutton Jason Hartman Venture Alliance Mastermind How to Permanently Erase Negative Self-Talk So You Can Be Extraordinary Be More Extraordinary Emily@bemoreextraordinary.com
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Jan 10, 2018 • 37min

CW 939 - Crystal Ball Forecaster Barry Habib of MBS Highway Zillow & Pulsenomics

Jason Hartman starts today's show with some final notes about Meet the Masters, which starts on Friday. There's some things you need to know in regards to availability after the event, social media opportunities at the event, and a special something being done with the Creating Wealth podcast at the event. Then Jason talks with Barry Habib, renowned mortgage industry executive and founder of MBS Highway, about what to expect in the mortgage world in 2018. The two discuss why the media doesn't seem to get real estate, why real estate appreciation doesn't have to match stock market appreciation, mortgage tax deductions, and how the Roe v Wade decision actually impacted a housing bubble. Key Takeaways: Jason Intro: [6:16] Get your Meet the Masters tickets now. There may be a product to get the speeches after the event, but it won't include Ron Paul [9:22] Jason will no longer call California the "Socialist Republic of California", but Californians have one person they really need to lean on for relief [12:55] The hashtag for Meet the Masters will be #JHLive Barry Habib Interview: [14:18] Is Barry still bullish the US real estate market? [18:23] The power of leverage, when a 6% return can dwarf 20% [22:12] The interest you pay for your house goes to the lender, but the principle is STILL YOUR MONEY [24:37] How much Barry expects mortgage rates to rise in 2018, and how it impact appreciation [25:42] Why aren't people taking the mortgage tax deduction? [27:23] The bullish sentiment is the highest it's been in about 20 years [31:33] How Roe v Wade led to a housing bubble Website: www.JasonHartman.com/Masters www.JasonHartman.com/Watch www.MBSHighway.com "Builders are not keeping up with household formations and household formations are going to continue to rise" "The mortgage paydown should be considered positive cash flow, that's really what it is"
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Jan 10, 2018 • 31min

CW 938 - Journey Captured Music at Meet The Masters & REI Journey to Success Client Case Study Part 2 with Sue & Gary Pinkerton

Jason Hartman kicks off the episode talking with someone who's about to set a new standard at the Meet the Masters conference this weekend. Journey Captured, a Journey tribute band, will be performing Saturday night at the first ever Meet the Masters Concert. Jason talks with Bass player Giorgio Tupanjanin about his musical training, why he plays Journey, and what to expect at the concert. Then Jason finishes his client case study with Sue & Gary Pinkerton. This time Sue offers some tips on self-management, the frustratingly fragmented (yet helpful) nature of real estate investing, and why you can't consider anything a passive investment. Key Takeaways: Jason Intro: [1:59] A Journey tribute band will be playing at Meet the Masters [3:50] Why Journey for a tribute band? [6:28] Is jazz music one of the most technical styles out there? [9:51] How Journey found their current lead singer Pinkerton Case Study: [15:16] Sue's tips on self-management [18:52] The fragmented nature of single family real estate investing is frustrating [22:13] There is NO SUCH THING as a passive investment Websites: www.JasonHartman.com/Masters www.JourneyCaptured.com
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Jan 8, 2018 • 35min

CW 937 - Mortgage Sequencing & Rough Start But Great Results Client Case Study with Sue & Gary Pinkerton

Jason Hartman starts off today's episode discussing the amazing effect of inflation on assets in all markets. Then he turns his attention toward the upcoming Meet the Masters of Income Property event and gives a little taste of what he'll be discussing (hint: core beliefs investors need to have), as well as why there will be a whole host of Local Market Specialists at the event. Then Jason goes into the first part of his client case study with Gary & Sue Pinkerton. The two give Jason a lot of background on why they're investing in real estate, why they continued investing even when their initial property went horribly awry, the way (and reason) they went about their mortgage sequencing, and how they picked the markets they're currently in. Part 2 will be aired tomorrow. Key Takeaways: Jason Intro: [3:26] Apple's new code release for their old Lisa computer technology, which would have been a $24,700 desktop today, which shows the power of inflation [6:26] Jason will be discussing the core beliefs that we all need to have as investors at Meet the Masters [8:26] What Gary fails to mention at the start of his client case study [11:02] There will be an abundance of Local Market Specialists at Meet the Masters, so you can meet the people you're working with Gary & Sue Pinkerton Client Case Study: [17:15] Gary & Sue's first property did NOT start off well [22:05] It's crucial to listen to your wife's intuition [25:57] How Gary & Sue decided to split up their mortgages and why [29:06] Why Gary & Sue picked the markets they're in today Websites: www.JasonHartman.com/Masters www.JasonHartman.com/Properties
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Jan 7, 2018 • 8min

Meet The Masters Announcements - App, Winners & Schedule

Jason Hartman has a special announcement for everyone attending (or considering attending) the 2018 Meet the Masters of Income Property. This year there won't be a paper schedule, but an app that tells you everything that's going on at the event. Make sure to check your email for the link to download the app before the event. Also, Jason thanks all the entrants to the 5-year plan, get ready to see some of them at Meet the Masters, and announces the winner of the contest for 2 tickets to Meet the Masters. Website: www.JasonHartman.com/Masters www.JasonHartman.com
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Jan 5, 2018 • 56min

CW 936 FBF - Inflation Induced Debt Destruction as an Investment Strategy

Today's Flash Back Friday is from Episode 638, originally published in February 2016. Jason shares his real life rise in wealth story and it all started with an income property seminar. This is a great episode for anyone you know who is just starting out in investing. It leaves little doubt that investing in income properties with a buy and hold strategy is the way to gain wealth. Jason describes the basics to Brian Bain, a stock market investor, and fellow podcaster. He shares examples of how 30-year mortgages on single family homes are a not only a multi-dimensional asset class but also a tax write-off. If you want to hear a concise, easy to understand overview of how to make money in the complicated U.S. financial market, this is the show for you. Key Takeaways: Jason's Editorial: [1:58] Ben Bernanke and Yogi Berra quotes [3:21] Investors must align their interests with Central Bankers [7:22] Arbitrage – Exploiting the differences in things as a real estate investor [10:43] Jason Hartman University Live Event in Salt Lake City, Utah [11:56] Vacation rental properties in the Orlando market, yes or no? Brian Bain interviews Jason for his "Investor in the Family" podcast: [17:15] His story – Jason started in real estate when he was just a teenager [23:36] Income property is a multi-dimensional asset class and a tax write-off [27:46] A lender cannot sue you if you have a non-recourse loan on a property [31:40] 6 ways the government will deal with underfunded entitlement programs [35:10] Investors should align their interests with governments and banks [37:39] Inflation redistributes wealth better than taxes [40:00] An example of how thousands of people gained wealth from single family homes [49:21] Anything without income is not really an investment [51:07] Long term investments are definitely the way to invest your money Mentions: www.JasonHartman.com/Properties Investor in the Family Podcast 1984 – George Orwell Tweetables: "Did you know a lender cannot sue you for default if you have a non-recourse loan on a property?" "Banks and governments, we don't like them but aligning your interests with them is the way to wealth."
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Jan 3, 2018 • 41min

CW 935 - John Burns on Amazon City Picks, Autonomous Cars, Better Demographics & Real Estate Trends

Jason kicks off the show with a reminder for Meet the Masters, along with some quick tips for property owners about pet rent, your property manager, and running the numbers before purchasing your property. Then Jason Hartman talks to Meet the Masters of Income Property keynote speaker John Burns, CEO of John Burns Real Estate Consulting, about how the autonomous car is going to change the look of cities, what a "surban" is, and why the 1980s is "the sharer" generation. The two also go into a more in-depth look about what kind of markets there are in the United States, and which hybrid markets may be on their way down. Key Takeaways: Jason Intro: [5:05] A quick tip on pet rent [7:58] Pay attention to your property managers [9:37] Look beyond cash flow when evaluating properties to purchase [11:37] Returns shrink as markets become more sophisticated [13:28] Get some good photos of your home right when you purchase John Burns Interview: [17:36] Amazon's search for a second headquarter location, and where John thinks it will be [20:19] How John classifies markets [22:48] Hybrid markets like Austin and Dallas are seeing way more growth than they normally do in cycles, and why Austin's best days may be behind it [24:17] The world is shifting more toward suburban apartments, being driven by local money [26:53] The definition of "surban" [32:00] The nickname for those born in the 1980s is "the sharers" [35:01] The impact of autonomous cars Websites: www.JasonHartman.com/Masters www.JasonHartman.com/Contest www.RealEstateConsulting.com "The more perfect the marketplace, the less opportunity is available"
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Jan 1, 2018 • 40min

CW 934 - Danielle DiMartino-Booth - Federal Reserve Bank of Dallas, Money Strong, FED UP, An Insider's Take on Why The Federal Reserve is Bad for America

HAPPY NEW YEAR!!! 2017 is in the rear view mirror and we're meeting 2018 straight on. Jason kicks off the show discussing scalable business models, the impact of rising interest rates in 2018 and the bubble economy we're in now. There will be a lot more in-depth coverage of these issues at Meet the Masters of Income Property in 2 weeks! Then, Jason Hartman talks with Danielle DiMartino-Booth, author of FED UP! and founder of Money Strong, about her thoughts on the new tax reform bill, whether the corporate repatriation will improve the economy, cryptocurrency, the US shrinking labor force and more. Key Takeaways: Jason Intro: [1:59] The best business model in the music world [7:25] What we'll be seeing as interest rates creep higher in 2018 [12:36] It's easy to suggest that we live in a bubble economy Danielle DiMartino-Booth Interview: [16:11] Danielle's thoughts on the new GOP Tax Reform [19:40] Share buybacks have slowed, why is that important? [22:20] We have no idea what the unwind of the biggest experiment in monetary policy will look like [25:12] Why the biggest bubble out there today is the confidence bubble [26:06] Danielle's opinion of the cryptocurrency world today [28:38] The best comparison for the cryptocurrency mania we see today [31:57] The United States has had a shrinking work force for 20 years now [32:52] We have GOT to change our education system so we can be competitive on the global stage [35:01] Some bullet points about what Danielle will be discussing during her speech at Meet the Masters Websites: www.JasonHartman.com/Masters www.JasonHartman.com/Contest www.DiMartinoBooth.com www.Twitter.com/DiMartinoBooth Tweets: So much of this tax law depends on unicorns existing that I just don't know how much faith we can put in it 2017 has been a record run rate for quantitative easing globally You can't tell me that anything is a storer of value that can lose 25% in a week
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Dec 29, 2017 • 46min

CW 933 FBF - Happy New Year! Understanding Acquisition Costs, Identifying Markets, Cash Flow, Listener Questions

Today's Flash Back Friday comes from episode 616, from January 2016. Phase 1: Buy some properties, Phase 2: Protect your assets Jason answers your questions in this high-level Q&A. The main takeaway from this episode is to buy some properties now. Getting started is often the hardest part for real estate investors. If you don't start today you may put off creating a wealthy future for yourself and one day realize it is too late. If you buy your properties with the help of Jason's team you are able to leverage the huge volumes at which they do business. You get seasoned, professional help with your very first property purchase. You don't have to do this alone! Key Takeaways: [3:36] Oliver was a dedicated listener before working as an investment counselor [9:31] Why doesn't the whole world know about income property? [11:27] 14 million individual investor-owned single family homes [15:20] Jason answers real listener questions about LLC's, evictions and identifying markets [17:57] 1.) Buy some properties and 2.) Protect your assets [23:57] How to identify and choose a real estate investment market and the local market team [29:21] Understanding acquisition costs for the Local Market Specialist [32:55] Properties on JasonHartman.com are not necessarily the best deal you can get [35:07] Multiplexes or single family houses? Which is better for cash flow? [38:56] Higher priced properties have lower rent to value ratios [40:25] Meet the Masters event is coming up – you can still get a ticket [41:45] Venture Alliance trip to Dubai on President's Day weekend Websites: www.JasonHartman.com/Properties www.VentureAllianceMastermind.com www.JasonHartman.com/Masters
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Dec 28, 2017 • 37min

CW 932 - GOP Tax Reform, Prepaying Property Taxes, Improved Retail Sales, Accelerated Bonus Depreciation with a CPA, Part 2

Jason kicks off the show looking at a microtrend he's been seeing after the GOP Tax Reform was passed, which may only be attributable to people wanting to hate anything Trump does. He also looks at the response of people to the tax reform, with people looking to prepay their property taxes and write it off on their 2017 taxes. In this second half of the show, Jason Hartman finishes his interview with CPA Ryan, as the two continue their look at the new GOP Tax Reform. Ryan points out a few more big changes, as well as several minor ones. Some of them are HUGE for real estate investors, like the accelerated bonus depreciation, while some are mostly targeted at smaller groups (like hedge fund managers). Key Takeaways: Jason Intro: [3:56] The microtrend Jason's noticed recently [11:33] A lot of people are prepaying their 2018 property taxes before the end of the year so they can deduct it on their 2017 taxes [15:25] Holiday retail sales were fantastic [18:21] Enter at JasonHartman.com/Contest to win tickets to Meet the Masters CPA Interview: [20:50] The accelerated bonus depreciation is enormous for real estate investors [24:21] Changes to the 1031 Exchange rule [28:25] The carried interest rules have changed as well, impacting the hedge fund managers trading techniques [30:14] 529 plans (education plans for children) can now be used to pay for private schools [30:47] Some tax changes that were EXPECTED but didn't end up happening Websites: www.JasonHartman.com/Masters www.JasonHartman.com/Contest

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