Creating Wealth Real Estate Investing with Jason Hartman

Jason Hartman

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Sep 16, 2015 • 34min

CW 569 - Property Acquisition Checklist, Insuring Real Estate Assets with Investment Counselor, Sara

So you’ve decided to invest in real estate, what now? Using the checklists provided by Jason and his team you can take things step by step and not miss a thing. Even if this is your first investment you can be certain you are making educated decisions on home inspectors, insurance companies and lenders by using this simple tool. You’ll have your real estate portfolio up and growing in no time. Key Takeaways: [1:35] The Creating Wealth Show is the #1 way to achieve better real estate investing [3:23] First steps to acquiring a property [6:02] Some providers use year built as the rehab date [7:22] Every property will sell at the right price [8:37] Big retailers don’t make investments easily, use it as a sign [10:05] A checklist after the purchase agreement [12:06] How to pick a home inspector [13:41] 50 shades of cahoots [16:53] Pre-approval for financing and understanding their language [19:19] A good track record is important to us [20:06] Being disloyal to markets and lenders is a good thing [22:44] Dealing with a nationwide insurance company and umbrella policies [27:26] During closing time use the change of address form for your investment property [30:42] Venture Alliance fall foliage tour coming up soon, talk to your investment counselor Mentions: The Checklist Manifesto Pillar to Post JasonHartman.com Venture Alliance Mastermind
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Sep 14, 2015 • 34min

CW 568 - Real Estate Investing vs The Self Driving Car, Land Values of the Future

The sharing economy will certainly change the game in the manufacturing sector but we do not yet know what affect it will have. Considering the normal adaptation lag time and the conversion nuances of each new innovation real estate investors must watch closely as the upcoming game changers come to fruition. Major economic indicators such as unemployment rates and the housing market will be closely monitored. Real estate investing may be entirely different than it is today. Key Takeaways: [2:01] How real estate investors can design their portfolios in the current govt. environment [3:24] 3 Cardinal rules of real estate - Location, location, location [3:57] What is the labor content fallacy or the zero sum game [5:11] Proving Supply side economics or trickle down economics [6:25] Looking at economics by way of technology [8:09] The self driving cars will hurt high value land owners [9:06] An audio clip about self driving cars [10:41] Automotive Industry experts expect an 8 year replacement cycle [11:28] The average car is used only 4% of the time [12:45] How will autonomous driving services affect the auto industry [14:38] A game changer for real estate [15:33] Naresh is skeptical about the dates [18:00] The typical city or town is 40% parking [19:11] Will people need to get in a car and go to work [21:36] A safety app [22:34] Will there be high unemployment or will technology fill in the gaps [25:21] Digital goods basically exhibit a zero cost of production [28:01] Real estate investors normally don’t consider what the future may hold [29:25] Jason’s private mastermind group, Venture Alliance’s Newport Rhode Island trip Mentions: Walk me home app Medium WhatsApp JasonHartman.com Venture Alliance Mastermind
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Sep 11, 2015 • 1h 11min

CW 567 FBF - Facebook IPO Scandal & the SWOT Analysis of Income Property

Jason Hartman starts with a discussion about the recent Facebook IPO scandal. Morgan Stanley and the other IPO underwriters gave the bad news to their big clients about Facebook having a bad quarter but didn’t bother to tell their financial advisors and individual clients about this – more bad behavior on Wall Street? Short Bloomberg News clip. What would Eliot Spitzer think of Morgan Stanley CEO James Gorman? Jason reviews a SWOT Analysis for Investment Property including the following points: StrengthsCash FlowFragmented Markets & Providers“Push” AppreciationReal AppreciationPhysical, Real AssetWeaknessesRepairsVacancyManagementNatural DisastersMarket ConditionsOpportunitiesInflation-Induced Debt Destruction(TM)Regression to Replacement Cost(TM)Rent IncreasesAcquisition Price Below Replacement CostGen YLow FICO Scores = More RentersFannie MaeThreatsRent CollapsePrice DeflationPopulation Out-MigrationNew Inventory Suppressing Rents Join Jason and his team for their very first LIVE east coast event! Atlanta Income Property Investment Tour + Education http://www.jasonhartman.com/atlanta-investment-property-tour/. Finally, Jason talks with one of his clients who finances farmland about his growing income property portfolio and outlook on the residential rental property market.
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Sep 10, 2015 • 37min

CW 566 - The Rich Don't Pay Tax or Do They?, Flat, Fair or Sales Tax with John Gaver

A look at three different tax scenarios. What would you pay if the proposed flat, fair and sales taxes were implemented. Currently with issues such as underreporting of personal business tax, formal renunciations and “workers without papers” paying tax the IRS claims to be billions behind it what it should be collecting. John Gavers current book delves deep into the intricacies of the flat and sales tax programs and his upcoming book will dissect the fair tax and how the economy would be affected if it were to replace the current U.S. tax system. Key Takeaways: Jason’s Editorial [2:00] The age old tax debate [3:13] The velocity of money [3:54] Candidate Obama eluded to an asset tax [4:33] Capital formation means the capital is never really dormant [6:35] An update on upcoming shows [7:05] The new VentureAllianceMastermind.com answers all of your questions John Gaver Guest Interview: [9:20] The IRS report says the rich are paying too much tax [10:44] 2300% increase in formal renunciations [13:33] Is California the new Michigan [14:55] Does a flat income tax make sense [17:49] The Reagan reform 2 tax brackets [19:45] The book is based on IRS total collections [20:47] The fair tax taxes “workers without papers” [23:05] John’s position is … [26:01] A national retail sales tax would be collected at the state level [28:35] Consuming a service is considered taxable [29:34] Buying a used home would be tax free but would anyone buy a new house [30:33] My The Tax Deception book will look at the fair tax [31:31] A flat tax will end up hurting the middle class Mentions: Venture Alliance Mastermind JasonHartman.com The Rich Don’t Pay Tax
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Sep 7, 2015 • 50min

CW 565 - Orlando Market Profile, Happiest Place on Earth or Foreclosure Disaster

Orlando is more than Disney, it’s a well rounded city. There are major medical companies investing in the surrounding area. There are also basics to the State of Florida which make it a good place to invest. It offers asset protection, has no income tax for its residents and is pro-business and pro-landlord. This hybrid market is ripe and when the real estate market there corrects itself investment properties will appreciate to their proper values. Early Bird pricing is now available for January’s Meet the Masters event in SoCal. Key Takeaways: Jason’s Editorial: [2:10] An app Jason likes which tells him about the humidity he doesn’t like [5:15] Meet the Masters event in January 9 & 10, 2016 - save the date [6:41] Florida is a no income tax state and it’s asset protection friendly [7:08] Tampa, Florida may be under rated but the market is too expensive [8:06] The biggest cities with the highest foreclosure rate [9:17] Land contracts in Grand Rapids, Michigan, owning notes means less responsibility [11:18] Congratulations Russell for developing the life you want! [13:01] The 2nd Venture Alliance trip coming up in Newport, Rhode Island Orlando Local Market Specialist Interview: [18:23] Foreclosures allow you to go cash flow positive in Orlando [19:14] Market basics for achieving cash flow and appreciation [22:38] Judicial foreclosure states versus non judicial foreclosure states [23:31] Removing the supply drives the price upwards and eliminates cash flow properties [25:30] Buying below replacement costs in Orlando [26:59] Las Vegas may be a massively over speculated, natural growth was needed [28:29] Large companies are investing in Orlando [30:31] Everybody knows Orlando, Florida - It’s more than Disney [33:51] Separating the Orlando market from other markets [35:48] The right team, great deals are available and it’s landlord friendly [37:30] Our management team was built for investors by investors [39:31] Nobody wants an eviction but if it happens our group does it well [43:20] Making the right choice in the real estate market - look 10 years in either direction Mentions: JasonHartman.com Dark Sky App
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Sep 4, 2015 • 45min

CW 564 FBF - Commodities Investing with Dr. Chris Kacher & Gil Morales Managing Directors of VirtueOfSelfishInvesting.com

While the last several years have seen huge losses for most investors in stocks, it has provided some valuable insights and allowed development of new concepts for stock investing. Jason Hartman talks with Dr. Chris Kacher and Gil Morales, principles and managing directors of Virtue of Selfish Investing, LLC and MoKa Investors, LLC, regarding their take on the markets, particularly commodities. Chris and Gil explain their investment philosophy and concepts born out of frustration with other market strategies failing, relating how they were able to get through the market crash and the continued instability. One of the concepts is the Pocket Pivot, a favorable entry point in a stock before it breaks out of the stock base. Gil and Chris also share their outlook on stocks, commodities, currencies and inflation. Dr. Chris Kacher is a stock investor and strategist with a background in the nuclear sciences. He is a co-founder of a stock advisory service, VirtueOfSelfishInvesting.com. Chris Kacher is a protégé of William O’Neil. He is known for achieving a total return of 18,241% during the period of 1996 to 2002 which he describes in his book Trade Like an O’Neil Disciple: How We Made 18,000% in the Stock Market co-authored with Gil Morales. Prior to his career as a stock trader, Dr. Chris Kacher pursued an education in the nuclear sciences at the University of California, Berkeley. He won a Charles D. Coryell Award while being undergraduate. As a graduate student he contributed to the confirmation of the existence of Seaborgium and a synthesis of an atom of Darmstadtium. He received a Doctor of Nuclear Chemistry degree in 1995. In 2009, Chris Kacher released a debut album of his piano compositions Teardrop Rain under a stage name of Christian Casher. He is a certified practitioner of neuro-linguistic programming and hypnosis. He (in co-authorship with Gil Morales) is a regular contributor to MarketWatch. Dr. Kacher is also currently a principal and Managing Director of MoKa Investors, LLC and Virtue of Selfish Investing, LLC, www.virtueofselfishinvesting.com. He currently manages money for qualified investors through each of those firms, and is a frequent guest and commentator on MarketWatch.com, CBS’s Portfolio Doctor, and CNN News Radio’s Wall Street Shuffle, among other venues. He and Mr. Morales are currently writing a second book to be published by John Wiley & Sons, Inc. in summer of 2012. Mr. Morales began his investment career in 1991 as a stockbroker in the Beverly Hills branch of Merrill Lynch. In 1997, William O’Neil personally recruited Mr. Morales to join William O’Neil + Company, Inc. where he spent the next eight years as a Vice-President, internal Portfolio Manager responsible for managing a portion of the firm’s proprietary assets, and Manager of the O’Neil Institutional Services group responsible for advising over 500 of the largest and most successful institutional investors in the world, including mutual fund, pension fund, and hedge fund clients. Mr. Morales also co-authored with William J. O’Neil a book on short-selling, “How to Make Money Selling Stocks Short,” published by John Wiley & Sons in 2004. In 2004, Mr. Morales was appointed Chief Market Strategist for William O’Neil + Company, Inc. In addition to co-authoring, “Trade Like an O’Neil Disciple,” he also contributed to the book, “Wiley Trading Guide, Volume II,” published in 2001. In the period from January 1, 1998 to December 31, 2005, Mr. Morales achieved in his personal account a total return of 10,904.25% as audited by Rothstein Kass & Company, a hedge fund auditing firm. Mr. Morales received his B.A. in economics from Stanford University. Mr. Morales is also currently a principal and Managing Director of MoKa Investors, LLC and Virtue of Selfish Investing, LLC, www.VirtueOfSelfishInvesting.com. He currently manages money for qualified investors through each of those firms, and is a frequent guest and commentator on Fox Business News, MarketWatch.com, and CNN News Radio’s Wall Street Shuffle and Opening Bell shows, among other venues.
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Sep 2, 2015 • 49min

CW 563 - The Airbnb Tax and Short Term vs Long Term Rentals with CPA Brandon Hall

If you are using your buy and hold properties as short term rentals, through a company like Airbnb, you may be required to pay an additional 15.3% self employment tax. Although it may seem like a gray area to you, the IRS considers it an active business and will take note of which schedule you are filing. Short term rentals require more of your labor and your time which rarely gets accounted for when calculating costs. Considering all the aspects of short term rentals versus long term buy and hold properties will shield you from future surprises. Key Takeaways Jason’s Editorial: [2:04] The huge flaw in Airbnb [3:10] The passing of Dr. Wayne Dyer [4:14] The female perspective [5:40] Positive Feedback from the 1st Jason Hartman University [7:39] Save the Date for the next Meet the Masters in early January 2016 [9:30] The Venture Alliance Rhode Island trip details Brandon Hall Guest Interview: [15:02] Airbnb investors also have a 15.3% tax on active income [16:13] Monetizing the value of your time [16:44] Automated business systems allow me manage my real estate in only 30 min per month [19:01] It’s more time and labor intensive than a buy and hold property [21:50] A complicated scenario in setting up short term rentals [24:49] Short term rentals may earn more but the time is not factored in [25:45] Schedule E or Schedule C? [27:47] The IRS may be bringing on the audits [29:33] A 5 year depreciation schedule [31:05] The diminimous safe harbor [33:23] 500 material participation is solely for rental properties [36:06] An example of a three unit qualifier for material participation [37:53] Long distance self management is possible and maybe easier [39:35] Segmented depreciation, cost segregation using a sears catalog [42:41] Feasibility studies are expensive [44:43] Everybody needs a home office Mentions: YourErroneousZones JasonHartman reviews@jasonhartman.com EO HallCPALLC
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Sep 1, 2015 • 36min

CW 562 - Income Property, The 'GOLD' Standard

Jason and Naresh discuss the lure of working on Wall Street and how big firms lure college kids with 6 figure salaries and pricey hotel stays. They delve into real estate being the most multidimensional asset class and the financial protections it offers. They reflect on clients who are using money from their corporate jobs to build their real estate portfolios by investing in income property on their way to becoming financially independent. And finally, the unsafe, unstable investment of gold. Key Takeaways: [2:01] Florida is very desirable for a lot of reasons [4:15] Naresh went to Duke and worked on Wall Street [6:12] An example of a Super Day at Morgan Stanley [10:06] Kids don’t aspire to work on Wall Street, they are courted in college [11:22] $150,000 a year right out of school [13:06] We sell out when we become adults [14:38] Venture Alliance event in September go to JasonHartman.com to sign up [15:06] Invest money from your corporate career as a base on which to build your wealth [16:44] You have no idea how the machine called Wall Street works [17:38] Will gold continue to drop in value? [18:20] Generation Y, what is it they find value in [19:29] 7 reasons real estate is better than gold [22:03] Your best insurance is a high loan balance [23:25] Is your gold hiding offshore? How do you know it’s in storage? [25:22] Jason’s Grandfather was a coin collector and had his home invaded for it [28:45] 25% down for cash on cash return of 12% annually [30:00] Multidimensional asset class is basically many different dimensions of income [31:00] Information on future episodes Mentions: MorganStanley HudsonHotel JasonHartman 7 ReasonsRealEstateisaBetterInvestmentthanGold GoldAntitrustActionCommittee
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Aug 28, 2015 • 1h 22min

CW 561 FBF - The Decline of the Eurozone with Alasdair MacLeod of GoldMoney.com

Jason Hartman is joined by contributing author for GoldMoney.com, Alasdair MacLeod for a rousing discussion of the decline of the European economy, the mistakes of the European Central Bank and EU, and how “governments are eating their own children.” Alasdair makes a rather accurate comparison between the fall of Rome and the current economic disaster around the world, calling it the Nero influence. Governments continue to spend money and introduce new taxes that are detrimental to the people they serve. The ECB is now lowering collateral standards as they run out of quality collateral, such as taking on mortgage-backed securities, in exchange for helping banks and governments. Alasdair said the real problem among Greece, Spain, Italy and other countries in crisis is that they are broke, yet they continue to meet to discuss increasing spending to build infrastructure and creating token taxes. Governments the world round are in a debt trap, including the U.S. Alasdair feels there is only one way to defer the imminent fall and that is for the Central Banks to come together and put into play quantitative easing. Governments would then need to seriously cut their excessive, wasteful spending.
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Aug 26, 2015 • 37min

CW 560 - Larry Winget - Pitbull of Personal Development, Taking Control of Your Life

If you are in control of your life your kids do not talk back to you, you tell the waiter your food is subpar and you believe in every single word you say. If the aforementioned doesn’t ring true for you then you need to “grow a pair” and get your house in order. If you decide not to tell someone they are stealing your time and money at your business then by default you are condoning it. Larry believes you are providing people a service by telling them the truth. They need to experience the failure and the pain in order to allow them to learn from their mistakes. Keeping quiet doesn’t help anybody. Last call for Jason Hartman University Live in San Diego Key Takeaways: Jason’s Editorial: [1:58] Our 2 day content driven real estate investment course, JHU Live! in sunny San Diego [3:33] The Venture Alliance trip to Newport Rhode Island in the last days of September [4:56] Is this the beginning of the economic meltdown [6:04] Content for JHU Live includes specialists in land contracts and investment property lenders Larry Winget Interview: [8:07] Entitlement is the biggest enemy to our society [8:59] People need stronger opinions and need to stand up for them [9:44] Living on the edge is what gets one into history books [10:50] The “I have a pair” test [12:16] If you put up with something you condone it [12:50] If you want to do the other party a service speak up about crappy service [13:54] Peale’s “ruined by praise than saved by criticism” quote [14:57] Ground your opinion and refuse to create drama [16:14] I provoke people on purpose [17:33] Which is better having rabid fans or rabid enemies [19:35] I can count on my haters, they buy my products [20:28] Numbness is a caused by a of lack of confidence in a speaker's’ faith in what they say [21:51] Businesses can grow a pair by refusing to tolerate thieves or 20% of their employees [23:27] We expect more out of our government than we expect out of ourselves [25:21] Being in the middle is a safe place but it’s no fun [27:12] Honest and open communication isn’t welcome in a world of political correctness [28:44] I respect all opinions on my social media page [30:38] It’s not about changing somebody else it’s always about yourself [32:49] Kid’s need to experience failure and friends need the truth

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