Creating Wealth Real Estate Investing with Jason Hartman

Jason Hartman

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Aug 24, 2015 • 36min

CW 559 - Showcasing Client Portfolios and Heartfelt Thank You's and Congratulations with Sara

Many of you have trusted us with your past and ongoing real estate investment transactions and we appreciate it. We take time in today’s episode to share your successes with others, discuss the joy of seeing you at live events and invite you to contact us if you would like to be on the show. We enjoy having you as clients and we are happy to offer you the type of service that a group of our size can acquire. Your investment portfolio’s are leading you towards financial freedom and your stories are inspirational. Thanks and congratulations from our entire team. Key Takeaways: [1:42] Talking directly to you the clients and the listeners [3:17] Freedom is the benefit of investments [3:55] Fannie Mae/Freddie Mac guidelines - 10 loan per person limit [4:50] Congratulations to those building great portfolios! Add applause here [6:29] Russ - a real client story about firing his boss [9:06] Kathy from California signed up for JHU Live [9:30] Congrats to Jessie for a recent close of properties in Memphis [10:01] Over Diversification is more than 3-5 markets [10:50] Getting clients to open up about their goals from the beginning [13:00] Feedback helps you to consolidate and double down in a few good markets [16:06] A B market with an A team is better than an A market with a B team [18:00] Our organization gives you leverage through quantity [18:57] The soft factors are personalities [19:54] Free shirts for investment therapists and matchmaking [21:05] It truly is still a Mom and Pop business structure which preserves our opportunities [23:26] Toby’s personal experience of a 19 property portfolio [25:17] A shout out to Andy & Stacy for continued success [26:09] The shoulda coulda woulda mentality [27:04] Damon & Bill working land contracts [29:03] We’d love to have you on the show [30:18] JHU Live & Venture Alliance events are coming up soon [31:34] Lifetime rental coordination through our organization [32:03] Come out and meet us at our live events at least once a year Mentions: JHU Live - Register here JasonHartman.com reviews@jasonhartman.com for 30% off
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Aug 21, 2015 • 46min

CW 558 FBF - How National Debt Impacts Millennials, Generation X and Baby Boomers with Laurence J. Kotlikoff Author of 'The Clash of Generations'

Jason Hartman hosts an interesting interview with Professor Laurence Kotlikoff, author of The Clash of Generations: Saving Ourselves, Our Kids, Our Economy, regarding the problems with the economy and the effect that the astronomical national debt and government spending will have on generations to come. Professor Kotlikoff paints a picture of the magnitude of these issues very clearly, explaining that the fiscal gap is $211 trillion. He explains that we would have to raise every federal tax immediately and permanently by 64 percent or cut all non-interest spending by the government (Medicare, Social Security, defense spending, etc) by 40 percent. “The country is broke, totally broke,” says Professor Kotlikoff. He emphasizes that this applies to today, not 75 years down the road. Jason and Professor Kotlikoff also discuss why the 2007 quadrupled money base through money printing hasn’t hit the streets yet in the form of hyperinflation. Essentially, banks are being bribed to hold money reserves by the Fed. In simplistic terms, the Federal Reserve prints the money, lends it out at very low interest rates to the banks, and then the banks deposit it back with the Federal Reserve and get a higher interest rate. This makes banks more solvent over time without the public ever knowing what is going on. Professor Kotlikoff also talks about a proposal to fix the financial system, which he refers to as a fragile system, presently a “trust me” banking system where the public is unaware of what the banks are doing with their money. Laurence J. Kotlikoff is a William Fairfield Warren Professor at Boston University, a Professor of Economics at Boston University, a Fellow of the American Academy of Arts and Sciences, a Fellow of the Econometric Society, a Research Associate of the National Bureau of Economic Research, President of Economic Security Planning, Inc., a company specializing in financial planning software, a frequent columnist for Bloomberg and Forbes, and a blogger for The Economist and The Huffington Post. Professor Kotlikoff received his B.A. in Economics from the University of Pennsylvania in 1973 and his Ph.D. in Economics from Harvard University in 1977. From 1977 through 1983 he served on the faculties of economics of the University of California, Los Angeles and Yale University. In 1981-82 Professor Kotlikoff was a Senior Economist with the President’s Council of Economic Advisers. Professor Kotlikoff is author or co-author of 15 books and hundreds of professional journal articles. His most recent books are The Clash of Generations (co-authored with Scott Burns, MIT Press), Jimmy Stewart Is Dead (John Wiley & Sons), Spend ‘Til the End, (co-authored with Scott Burns, Simon & Schuster), The Healthcare Fix (MIT Press), and The Coming Generational Storm (co-authored with Scott Burns, MIT Press). Professor Kotlikoff publishes extensively in newspapers, and magazines on issues of financial reform, personal finance, taxes, Social Security, healthcare, deficits, generational accounting, pensions, saving, and insurance. Professor Kotlikoff has served as a consultant to the International Monetary Fund, the World Bank, the Harvard Institute for International Development, the Organization for Economic Cooperation and Development, the Swedish Ministry of Finance, the Norwegian Ministry of Finance, the Bank of Italy, the Bank of Japan, the Bank of England, the Government of Russia, the Government of Ukraine, the Government of Bolivia, the Government of Bulgaria, the Treasury of New Zealand, the Office of Management and Budget, the U.S. Department of Education, the U.S. Department of Labor, the Joint Committee on Taxation, The Commonwealth of Massachusetts, The American Council of Life Insurance, Merrill Lynch, Fidelity Investments, AT&T, AON Corp., and other major U.S. corporations. He has provided expert testimony on numerous occasions to committees of Congress including the Senate Finance Committee, the House Ways and Means Committee, and the Joint Economic Committee.
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Aug 19, 2015 • 34min

CW 557 - The 3 Dimensions of Real Estate, Inflation's Impact on Price Discovery

Do you have the sense to wait out the market during lag times? Buy and hold is Jason’s philosophy and he is a self made multi millionaire. The average American will never buy at the markets lowest point nor sell at the highest point. For most it takes time for the media’s influence to inspire action which means always being late to the game. Increasing your knowledge and learning pertinent facts and figures will help you to anticipate upcoming changes in the market. This September in San Diego is your opportunity to receive a complete real estate investment education so you too can create your own wealth. You can sign up at Jasonhartman.com and don’t forget to claim 30% off of JHU Live with screenshot of your iTunes review. Key Takeaways: [2:10] The impact of technology on inflation [3:18] Rate of change in inflation rates [6:01] Deflation in 2015 - July being the most deflationary month ever in the U.S. [8:24] Maintaining yield with the income and expense ratios [9:53] Staying power through lag time [11:09] How deflation affects real estate markets [13:58] Cash flow allows you to weather the downmarket storm [16:15] Jason’s Commandment #5 - Thou shalt not gamble [18:22] Naresh questions what happens to the real estate market if we see a rate hike in 2016 [19:00] The 3 dimensions of real estate are buy, rent or homeless [21:42] Multidimensional asset class and price discovery [23:08] An example of an exchange to a linear market [25:00] Jason Hartman University Live in San Diego and Venture Alliance trip to Rhode Island [30:00] Gold doesn’t produce income and its not a good asset class Mentions: Jasonhartman.com Shadowstats reviews@jasonhartman.com
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Aug 17, 2015 • 34min

CW 556 - Real Estate Absorption Rate, Cash Flow Investing in Chicago

Jeff, a client, has questions regarding recent investments in Chicago. Research has led him to question local school rankings, foreclosures and exit rates of the area. A Chicago local market specialist addresses all three items and adds some facts and figures regarding this world class city, such as 42% of the people in Chicago are renters. Plus, the young mobile class will be attracted to Chicago for its affordable living and international recognition. Getting 30% off of JHU Live is as easy as sending us a screenshot of your review on iTunes. And don’t forget to sign up for next Venture Alliance in Newport Rhode Island during September to see mansions and fall foliage. Key Takeaways: [2:14] Absorption rates - understanding the statistics [4:35] Comparing La Hoya, CA to the Chicago, IL housing market in cost per square foot [7:09] Invest in assembled commodities they are far less volatile [9:50] The median sales price and the median list price are telling numbers about the area [11:59] Chicago average home price [13:53] Foreclosures can flood the market changing the absorption rate [14:36] Jeff wants to know if he is suffering analysis paralysis [15:36] In Chicago family oriented areas have higher taxes [18:07] A school’s infrastructure may be more important than its ranking [19:57] The foreclosure process in a judicial foreclosure state takes much longer [21:00] Zillow groups all sales in an area together it may not be a good guide for individual homes [21:50] Housing markets that are slower to recover are often more stable to invest in [22:56] Chicago is a world class city and a thriving economy [25:34] The midwest is a favorite emerging market [26:51] Chicago is the most moved to destination in a study by Van Lines [28:06] San Diego event is Jason Hartman University Live [28:30] Lender Top 1% of originators in the nation it’s a volume business [29:48] Take a screenshot of your iTunes review and receive 30% off of JHU Live! Mentions: Jasonhartman.com How to Lie with Statistics Zillow Van Lines reviews@jasonhartman.com
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Aug 14, 2015 • 43min

CW 555 FBF - Land Contracts For Real Estate Investors with Jason Hartman

Land contracts are something that a lot of investors have heard of, but maybe don’t fully understand. Jason Hartman invites a Meet the Masters speaker, to join him on the Creating Wealth Show to discuss what land contracts are, how they differ from traditional landlord operating processes and even goes in to what to do if it all goes wrong. He’ll be speaking more in-depth at the Meet the Masters event in January, but here’s a taste of what you can expect. Key Takeaways 06.10 – Guest provides his personal experience and how he started to get involved with land contracts. 09.50 – Land contracts are there to help out those who can’t buy through conventional financing processes. 14.25 – Because of the distinction between owner and deed holder, tenants with land contracts usually have a different mindset which is far more preferable for landlords. 18.25 – Negotiations are currently happening in an attempt to get around an 85% discount on land contracts. 22.05 – There’s always a risk. Here it is: ‘What if the person doesn’t pay?’ 27.18 – If getting into this side of investment, it’s vital to know your legal rights and know how to work with the attorneys. 34.26 – Don’t get lulled into a sense of security of thinking it’s risk-free, but there are certain options with fewer risks and more chance of success. 37.00 – Know your land contract buyer and their background before agreeing anything. 38.58 – If you haven’t yet registered for Meet the Masters, time and capacity limits are now running short so be sure to take advantage of a great opportunity and register at www.JasonHartman.com
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Aug 13, 2015 • 45min

CW 554 - As Oil Price Drops Fracking Folds, Capitalism or Cronyism with 2016 Presidential Candidate Mark Everson

2016 presidential candidate Mark Everson has qualifications in both private and government sectors. He believes the U.S. needs a leader with experience in both. His policies, he believes, closely match the desires of the American public and he promises to uphold the constitution and restore the pride we once had for our nation. He is asking listeners to engage with him on his website. Early on, Jason and Naresh discuss markets affected by fracking and why rental properties may not be a good idea right now. JHU Live is now at early bird level #2 now so get your spot reserved today and will you join Jason in Dubai? Key Takeaways: Jason’s Editorial: [2:45] Naresh reflects on Porter Stansberry’s podcast [5:40] Baltimore is a dilapidated city with high crime [8:41] Give us your feedback on our new search engine at Jasonhartman.com [10:30] Pittsburgh and Buffalo just don’t have many good real estate investment options [11:20] Utopia in the shale oil boom areas and Obama’s 3rd term [13:42] Newport Rhode Island is our next Venture Alliance trip [15:21] We will hold on to our properties in Houston but may not buy anything else [16:10] Shale oil (fracking) exploration is expensive [17:55] A qualified candidate that hasn’t been invited to the debates [18:50] Debates are a scam and money corrupts elections [22:14] JHU Live event in early bird level #2 - 30% off for an iTunes review [22:47] The Venture Alliance trip in September Mark Everson Interview: [23:36] I’m running because the U.S. needs a leader who knows government and private sector [24:38] Mark’s positions on key issue’s at markforamerica.com [27:30] Our shared destiny - sacrificing for the nation and assimilation [29:38] Donald Trump may be sabotaging the republican party [31:27] Does the U.S. have dynasty type families made for politics [32:40] Executing laws as written not as we want them to be [34:01] Wall Street is the modern version of organized crime [34:41] Executive branch overreach [36:05] Running for a single term is best for the country [36:56] Thoughts on Obamacare and defining full time work [39:25] Would line item veto hold the president responsible to the people [41:08] Being excluded from the debates Mentions: Jasonhartman.com Alliant Group MarkforAmerica.com
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Aug 11, 2015 • 37min

CW 553 - Buying Multiple Properties at Once, Affordable Chicago Living with Jeff Morris

Jeff, an existing client, is researching buying multiple properties at once in the Chicago area. After much debate about the advantages and disadvantages Jason gives a thumbs up in support of the venture. Because it’s true that buying multiple properties at once will save investors time and paperwork. Affordable maintenance costs, low vacancy rates and cost of living make Chicago the least expensive world class city in the U.S. And don’t miss next Wednesday when Jason interviews another presidential candidate and tells you more about JHU Live, a real estate investment workshop in sunny San Diego, California. Key Takeaways: [1:40] Look forward to Wednesday for an interview with a presidential candidate [2:46] The next Venture Alliance trip will be in Newport Rhode Island & Martha’s Vineyard [5:53] JHU - Live in San Diego - Meet the Masters [7:28] Land Contract experts will be at Jason Hartman University Live [8:42] Write a review on iTunes and send a copy to reviews@jasonhartman.com and get 30% off Jeff Morris interview: [10:02] Jeff asks Jason’s advice about investing in Chicago [11:43] Chicago is great but there are a few reasons why it’s not a slam dunk [11:58] But...the team you use is important! Pay attention to the in house services [14:21] Cash flow and rent to value ratios in Chicago [17:01] Is a low vacancy rate a sign of low rents [19:50] The psychology behind raising rents for existing tenants [21:55] Our local market specialist in this area know what they are doing [22:54] Are there advantages to buying a group of properties all at once [24:43] Chicago is the most affordable world class city in the world [25:59] Rental Properties in Little Rock and Memphis versus rental properties in Chicago [28:09] A million shades of gray in real estate investing [30:50] An extreme self management example [33:20] Chicago area is a vibrant market Mentions: JasonHartman.com reviews@jasonhartman.com
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Aug 7, 2015 • 48min

CW 552 FBF - The Housing Boom and Bust in America with Economist Thomas Sowell of The Hoover Institution at Stanford University

Orginally aired as CW 117 “For far too long, too many people have regarded home ownership as ‘a good thing.’ It is certainly true that home ownership has its benefits. But, like everything else, it also has its costs and its risks.” This statement by Creating Wealth Show guest, American economist Thomas Sowell has been regretfully muttered by many homeowners in various forms over the past two years. Sowell is currently a senior fellow with The Hoover Institution at Stanford University. In 1990, he won the Francis Boyer Award, presented by the American Enterprise Institute. In 2002 he was awarded the National Humanities Medal for prolific scholarship melding history, economics, and political science. Known for his economically laissez-faire perspective style while writing, Sowell’s latest book, The Housing Boom and Bust, shows how Democrats and Republicans ruined both the housing and financial markets. Tune in as your host, Jason Hartman and Thomas Sowell discuss how “the current economic crisis grew out of policies based on good intentions and mushy thinking.” Upcoming Shows will feature: Andrew Waite, Publisher of Personal Real Estate Investor Magazine and Dan Blacharski, author of The Part-Time Real Estate Investor: How to Generate Huge Profits While Keeping Your Day Job.
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Aug 5, 2015 • 55min

CW 551 - Hoovers Innovation Museum, The Sale of Bookstop with Gary Hoover

Throughout history the human race has not changed much even with all the extreme technology in our lives today. There is a chance of robot labor causing mass unemployment but it’s not likely. Entrepreneurs by nature are persistent, durable and pig headed which leads to innovative and determination. For the United States to continue its great heritage we need more experimentation in education, to make use of all of North American assets and to follow the 6 key steps to building great companies a belief of Gary Hoover. Key Takeaways: Jason’s Editorial: [2:36] Memories of Monopoly, past and recent [6:56] Memories of Facebook, during the recession [8:54] Cash flow in a RV ratio [10:20] The San Diego event - JHU Live Gary Hoover interview: [11:28] The addiction of collecting memorabilia [12:50] Becoming efficient in learning is harder with digital books [14:52] The table of contents contains the key points [18:28] Thick books sell but e-books are the future [21:54] Many reference books are 300-1500 pages [23:07] The lemming effect - Ben & Jerry’s were the cool entrepreneurs [24:37] The value of The Book Stop [27:49] Startups need to look at the long term [29:10] Europe’s standard of living is much lower than the U.S. [32:34] Raising the minimum wage is cruel [34:27] You attitude makes all the difference [36:27] North American countries working together would be a powerful force [37:54] Curiosity has been driven out of kids heads in the U.S. [41:25] The first innovation museum, robotics are part of lives right now [44:17] A rise of craft manufacturing in our affluent society [45:44] Training and educating our children for the future [48:07] Economist Robert Fogel, a spiritual shortage [50:30] Contact Gary at garyhoov@msn.com Mentions: EO Conference JasonHartman.com UT School of information Hoover’s World The Fourth Great Awakening
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Aug 4, 2015 • 45min

CW 550 - Joe Vitale - Money The Law of Attraction and Action Steps - No One is Preventing You from Making Money You Simply Need to Think Like an Entrepreneur

Dr. Vitale believes when you learn to get clean with money and stop self sabotaging your financial future you will start to attract more money to you. You must first get through the filters that are your beliefs and see what is really possible to know you are deserving of living a wealthy life. When you want something and have the means to obtain it you should buy it to reinforce an unconscious belief of worthiness. And, always give back a portion of your good fortune to create a bond of trust in the universe. Key Takeaways: Jason’s Editorial: [2:01] Indicators for an available single family property in Chicago area [5:32] What is a DCR? [8:45] Sign up for JHU - Live in San Diego August 29th & 30th [9:25] An iTunes review gets you 30% off! Dr. Joe Vitale Interview: [12:54] Dr. Vitale has been working on this lately [15:33] The lifestyle of the rich and famous is better than poverty [16:00] The 2 reasons you don’t let money into your life [17:03] Get clean with money, money isn’t evil money is neutral [18:56] The Secret is an introduction to an idea [19:56] Taking inspired action after visualising your want [21:55] Our conscious beliefs are us in the waking world [24:32] The 7 steps in the free Attract Money Now book [26:30] The difference between a fact and a belief [30:13] The psychology around prosperous purchasing [32:40] No one is preventing you from making more money [34:11] Give 10% of what you have to what or who inspires you [38:06] Think like an entrepreneur and look for opportunities [38:50] Listen for complaints and make the product or service solution [41:20] Mr. Fire ignites something in people Mentions: JasonHartman.com reviews@jasonhartman.com Attractor Factor Life’s Missing Instruction Manual Attract Money Now The Secret The Secret Prayer Hypnotic Marketing Miracles Manual 7 Habits of Highly Effective People JoeVitale.com

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