Creating Wealth Real Estate Investing with Jason Hartman

Jason Hartman

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Sep 21, 2016 • 55min

CW 729 - Remote Self-Management, Expert Panel with Jason, Fernando, and Oliver

Jason, Fernando and Oliver make up today's expert panel. They are discussing self-management options for your income properties. The experts agree, a great property management company is worth their weight in gold but it is also important to be educated about your self-management options. The panel shares information about companies who use technology to save you time and money through automating tedious tasks, best practices to improve home interiors without spending a fortune and what types of tenants are the best types of tenants to have. Key Takeaways: [3:40] Jason and Fernando discuss the flooring options available at an income property expo in Mesa, Arizona. [9:19] Kwikset Kevo bluetooth locks make it easier for self-management of income properties. [16:57] Jason recommends adding a little color to the interior walls of your income properties. Self-Management Panel: [20:33] Is self-management easier than having a property manager? [23:27] The road to self-management and maintaining a good relationship with your tenants. [28:00] The flat rate fee system makes self-managing properties easier. [32:47] Property managers are reluctant to take legitimate fees out of a tenant's security deposit. [37:06] Ask your property managers to lower their costs if you are realizing the value. [40:11] Using Cozy makes rent collection and viewing tenant profiles easy. [44:35] Disintermediation is getting rid of the middle man. [49:10] Rently allows tenants to do their own showings with only a credit card. Mentioned in This Episode: Jason Hartman Real Estate Tools Venture Alliance Mastermind Hartman Education Cozy Rently
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Sep 20, 2016 • 34min

CW 728 - Understanding The Property Supply Chain for Real Estate Investors, Inflation Is Here!

Jason's guest today, Dave, is a member of a real estate investor Mastermind group. During the last meeting, there was a consensus that two major problems exist with the rehabilitation of properties. Dave shares the two issues and some of the solutions discussed during the Mastermind meeting and feedback from his experience over the last year. Jason recognizes the property supply chain is currently going through a boom cycle. The disparagement between the property supply and demand makes it challenging for local market specialists, real estate investors and for tenants. Key Takeaways: [1:20] Real estate investors are seeing spikes in remodeling costs and having difficulty finding good project leaders. [6:44] The challenges of the local market specialists, the real estate investors and tenants are due to a boom cycle. [13:10] In the last year, a General Contractor has seen a 30% increase in materials. [17:34] Increased material costs and missed time frames both reduce profit for real estate investors. [21:20] Solutions to the problems include automating the process and having an efficient project manager. [27:23] Real estate investor demand has far exceeded the supply of good inventory. [28:04] Rehabbing properties has become entirely different than in the past. Current available properties are in worse condition. Mentioned in This Episode: Jason Hartman Hartman Education
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Sep 16, 2016 • 49min

CW 727 FBF - Multi-Generational Wealth Preservation with Catherine McBreen Real Estate Investor & Author of 'Get Rich, Stay Rich, Pass It On'

Catherine McBreen is the President of Millionaire Corner and the author of "Get Rich, Stay Rich, Pass it On: The Wealth-Accumulation Secrets of America's Richest Families". The U.S. is now seeing record numbers of millionaires. McBreen explains the effect stocks have had on this run-up. She recently released a service called "Find an Advisor," and discusses how it helps people find the best financial advisor for them. She also analyzes investment newsletters in lieu of financial advisors. McBreen finally talks about the effect money has on happiness and marriage relations. Visit Millionaire Corner at www.millionairecorner.com.
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Sep 14, 2016 • 59min

CW 726 - Jeff Nabers - Creator of the Solo 401k

If you are interested in growing your retirement money faster, reducing your risk paying less tax this episode is a must listen. You must align your interests with the financial institutions and the central banks as they are most powerful monetary entities in the world. As you build your income property portfolio you need to put your money in a retirement account which allows you to self-direct your funds without paying high taxes or penalties. The Solo 401k is a vehicle you can use to defer taxes and manage as a resource. Guest expert, Jeff Nabers, created the complete Solo 401k and designed an online tool so you can calculate possible risks before making major investment decisions. Key Takeaways: [1:21] Financial institutions and central banks are the most powerful entities the human race has ever known and we should align our interests with them. [6:50] Using the leverage of your 20% down on a property increases your power by 500%. [8:35] The Newser Wells Fargo article: Details about the 185 million dollar fine. [14:38] The Creating Wealth seminar is now part of the package available at Hartman Education. Jeff Nabers Guest Interview: [16:35] The Solo 401k was based on the Pension Protection Act of 2006. [18:39] The 3 main advantages of a Solo 401k. [25:32] There are two qualifications which differentiate a Solo 401k from a traditional Roth IRA. [30:32] The Solo 401k allows you to invest $18,500 of your self-employment income. [32:06] The IRS puts real estate investors in two categories one is a business and the other is a dealer. [34:36] The rules of an IRA are much stricter than the rules of a Solo 401k. [40:00] The most powerful thing an investor can do is to diversify. [42:02] Health care costs and college tuition are impacted the most by inflation. [42:34] The present value of money versus the future value of money and the lost opportunity costs of paying taxes on an IRA now. [46:54] It's impossible to know how the government will tax retirement plans in the future. [51:26] Jeff Nabers' company set up the only complete Solo 401k and designed an online tool. Mentioned in This Episode: Jason Hartman Hartman Education Solo 401K - Free Demo for Creating Wealth Subscribers
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Sep 12, 2016 • 41min

CW 725 - Professor Mark Skilton - Our Amazing Digital Future, Real Estate & Technology, Warwick Business School, Building the Digital Enterprise

Today's episode focuses on our amazing digital future. Jason's guest Professor Mark Skilton is a Professor of Practice and Information Systems at Warwick Business School. He is the author of Building the Digital Enterprise: The Guide to Constructing Monetization Models Using Digital Technologies and other books and papers relating to digital ecosystems and architectures. He shares his expert opinion on the positive side of automation and digitization in future business models and how the real focus will be on expanding the customer experience through additional opportunities for engagement. Key Takeaways: [1:13] Managing our language helps us to 'relax" after dual live events. [8:05] Self-management and managing property managers resources from the Phoenix event. Professor Mark Skilton Guest Interview: [10:13] A broad shift in automation and changing productivity will affect the entire dynamic of a marketplace. [15:54] The key difference is living in digitization is creating more value in an existing space. [20:54] Augmenting and customizing the space is the real opportunity of digitization and artificial intelligence. [23:31] Prof. Mark Skilton on how to see the future of automation in a positive light. [26:28] Understanding the role of future technologies in the business model of the future. [29:08] How to contact Prof. Mark Skilton and/or Warwick Business School. [34:05] It's all about reimagining the customer journey lifecycle. Mentioned in This Episode: Jason Hartman Denis Waitley Creating Wealth Episode Mark Skilton Building the Digital Enterprise Warwick Business School
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Sep 9, 2016 • 48min

CW 724 FBF - Consuelo Mack – Big China with Host of 'WealthTrack' on PBS & Former Editor of 'The Asian Wall Street Journal Report'

The impact of technology and the future of development plays a big part in today's Creating Wealth Show. Jason Hartman talks about America's growing role in this changing society, and makes particular note of the ever-increasing contributions of Generation Y. Later, he invites Consuelo Mack of WealthTrack on to give her thoughts about China's current state, the importance of a diverse investment portfolio and where technology will lead us in 15 years' time. Takeaways 04.35 – It's looking more likely that technology will save the world, and that America will be the developer of that technology. 07.50 – If you've registered to attend the Creating Wealth Seminar, Today's Economy Boot Camp and/or the Birmingham Property Tour, be sure to make your flight reservations as early as possible. 10.20 – If the New World Order really is the Old World Order, it means huge implications for America. 14.27 – It is the US consumer that drives the economy – this means a strong, independent economy, regardless of the state of the rest of the world. 17.55 – China's family policies will be their own downfall because in 10-15 years, there will be a huge demographic hole. 22.17 – Who knows where the latest innovations of 3D printing and the self-driving car could lead us? 26.20 – An investment portfolio needs a good level of diversification and well-managed real estate investment could make all the difference. 31.00 – Alternative investments are looking like an interesting option, but we still need to clarify all the details. 32.19 – For archived interviews and more information, head to www.WealthTrack.com
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Sep 8, 2016 • 38min

CW 723 - Quad Cities - $90,000 Below National Average, 40 Colleges & Universities in 90 Mile Radius - Market Profile

Jason kicks off this episode with information about a major polluter in neighborhoods across the US and requests listener help in fighting the problem. And, today's guest is a local market specialist in the Quad Cities area. The Quad Cities are located on the border of Illinois and Iowa, the midwest location affords a steady cash flow with a nominal initial cost for income property investors. The job market in the area is steady due to a major agricultural equipment supplier and a Federal arsenal supplying blue-collar incomes to thousands of families and the competitive climate of the private local banks allow investors to possess extensive property portfolios. Key Takeaways: [3:06] Be an activist listener and take a stand in your neighborhood by stopping the leaf blowers! [8:09] The Quad Cities reside on the border of Iowa and Illinois. [9:35] Steady cash flow and a rigorous tenant screening program are a plus for investors. [14:01] Mobility and financial immaturity are probable reasons for long term renting. [16:47] A major agricultural equipment company and a federal arsenal are significant employers in the Quad Cities. [23:20] An average property available in the Quad Cities and typical rehabilitation details. [26:49] This market specialist team manages the property in-house. [32:09] The competitive local private banking climate in the Quad Cities is beneficial to investors with substantial portfolios. Mentioned in This Episode: Jason Hartman Hartman Education
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Sep 6, 2016 • 39min

CW 722 – Harry Dent – How to Profit from The Demographic Cliff

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
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Sep 2, 2016 • 48min

CW 721 FBF - Why the US Dollar Will NOT Collapse with Joel Skousen Publisher of the 'World Affairs Brief'

Joel Skousen is a survivalist author and retreat consultant. He's the author of, "Strategic Relocation–North American Guide to Safe Places." Skousen discusses how our world becoming less stable because of a coming shortage in commodities. He then gives the best and easiest places to relocate to and how people can relocate if they have work or family ties. Last March, Joel walked away with just slight injuries from the crash of his Glasair kit plane. He shares that experience. Key Takeaways: (4:36) Introducing Joel Skousen (7:17) On the derivatives markets (12:32) The mechanism of hyperinflation (21:02) Predictions for the economic future (37:49) On the fake collapse of the Soviet Union (42:49) Closing comments Links Find out more about Joel Skousen at www.joelskousen.com. Also visit: www.worldaffairsbrief.com
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Aug 31, 2016 • 38min

CW 720 - Beverly Flaxington - SHIFT Model, Get Where YOU Want to Go

During the introduction Jason breaks down the components of inflation, stagnation and deflation. He refers to a Business Insider article to demonstrate how the devaluing of the dollar is bad news for US global trading partners. Human Behavior coach, Beverly Flaxington is Jason's guest expert. She introduces her SHIFT Model from her best-selling Make Your Shift: The Five Most Powerful Moves You Can Make to Get Where YOU Want to Go and defines each of the five key step in the process. Beverly is the co-founder at The Collaborative, a practice management and business consulting firm, which helps corporate clients to add value to their business and to increase productivity in their employees. Key Takeaways: [2:00] Delayed gratification is a key to success in life and in real estate investing. [4:56] A Business Insider article tackles inflation, 7 Things You Could Buy For $1 in 1950. Beverly Flaxington Guest Interview: [16:01] Beverly's professional journey of bridging the gap between her financial career and her interest in human behavior. [17:44] People get overwhelmed by the amount of information out there so Beverly chunked it down to 5 steps in her SHIFT Model. [20:02] S: Specify the desired outcome. [24:16] H: Highlight the obstacles and categorize them. [25:40] I: Identify the human factor [27:34] F: Find the Alternative [28:44] T: Take the disciplined action [31:04] Beverly shares an executive tip to prioritize a to-do list. [32:17] Humans have a misperception that communication comes naturally. [33:15] Contact information for Beverly Flaxington Mentioned in This Episode: Jason Hartman Register for the Software and Buying Event The Collaborative

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