Creating Wealth Real Estate Investing with Jason Hartman

Jason Hartman

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Jul 8, 2015 • 41min

CW 539 - Memphis Market Profile from Ryan, Local Market Specialist

It’s unclear exactly why Memphis is a rental property owners dream investment city but it is. Vacancy rates are consistently 5% or less year over year. Even when people are qualified to purchase a property they insist on renting. Add to that the dynamic nature of this culture filled town and major distribution companies who do business there and you get a perfect bluesy mix of properties and opportunities for your next investment. Key Takeaways: Jason’s Editorial: [1:42] Chicago property tour 7/15 -7/17 [2:58] 3 cities now that Detroit is confirmed [4:12] Voicemail from Roger about managing your property managers [6:10] An entire episode on managing your manager coming [6:40] Search Jasonhartman.com with the keyword property manager [8:00] CNBC video - Rents rising and supply is constrained [9:59] Let’s get in the game and take action Ryan from Memphis: [11:57] Invest in Memphis - it’s great for rental properties [13:10] Is Memphis saturated with investors? [13:48] Why you should love Memphis as a rental property buyer [14:44] Vacancy rates are 5% or less [16:00] The reasons tenants rent [17:03] Rent a nicer place than they can own [20:02] Society is changing towards not planting roots [20:48] Time Magazine home ownership article [22:56] People are looking for dynamic, cultured cities [24:53] Different levels of property available in Memphis [26:38] The evaluation process for finding properties [29:12] The government assisted housing dilemma [32:00] The benefits of a section 8 housing tenant [34:45] Ryan’s unique selling proposition [36:24] When choosing which markets are best, Memphis is growing Mentions: La Banque - Chicago hotel of choice - $131 per night - (708) 798-6000 Jasonhartman.com Memphis Housing Authority
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Jul 6, 2015 • 2min

CW 538 - Mark Kohler, Asset Protection and Tax Strategy for Real Estate Investors

A good business is one that cannot be outsourced and people will always need a place to live. This is why Jason focuses on income properties when recommending creative wealth strategies for you. He keeps abreast of interest rates, taxes and credit based assets so he can help you achieve the financial future you deserve. Jason's guest Mark Kohler CPA just completed his third book and offers 28 tips for tax planning and asset protection. He talks about S corps, LLC's and Obamacare. He wants everyone to have an exit plan for their life through a versatile revocable living trust because as much as you may not want to admit it we are all mortal. Key Takeaways: Jason's Editorial: [1:25] Teaching a great real estate course [2:26] Monetary and fiscal policy definitions [3:42] Real estate and income property differences [4:29] The easiest type of real estate to own is a parking lot [6:00] Real estate in the average U.S. city is 40% parking [7:32] Financial Independence Day Counseling [7:54] Chicago and Grand Rapids property tour [8:33] Self driving cars could eliminate parking needs [9:42] Credit based appreciation [10:04] Interest rates and the math of relativity [10:56] Find a mortgage calculator and do this math [12:11] The golden opportunity of low interest rates [12:54] If the money supply declines credit based assets are affected more [13:35] Inflation induced debt destruction [14:12] Multiple tax advantages [15:04] Learn about land contracts Mark Kohler interview: [16:45] 28 game changing strategies for tax and asset protection [17:10] The first book was about people who get taken advantage of [17:30] The second book was a story [18:00] The 3rd book brings it all together [18:45] 3 Tips for planning [19:30] Know the difference between ordinary income and passive income [23:00] A real life example of Obamacare related requirements [24:14] The 3 costs related to Obamacare [25:00] Income property is a proven tax favored asset class [25:50] Healthcare strategies [26:45] The solution is the S corporation for multiple sources of income [28:24] LLC do not save taxes [29:17] The Kohler Payroll Matrix [30:37] You do not need an LLC for every rental [32:16] Know your properties and find a balance [35:10] Register as a foreign LLC in every state that you have property [36:44] Don't forget about the legal and tax planning that needs to be done [37:32] How do these things fit into your estate plan? [38:52] Revocable Living Trust [42:20] A real life "Do not resuscitate" experience Mentions: Financial Independence Program Chicago/Grand Rapids Property Tour Uber Lyft Lawyers are Liars The Tax and Legal Playbook MarkJKohler.com
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Jul 3, 2015 • 43min

CW 537 FBF - Exploring Demographic Shifts in Texas and the United States with Steve H. Murdock Former U.S. Census Bureau Director

Join Jason Hartman as he talks with guest, Steve H. Murdock, former Census Bureau Director and current Professor of Sociology at Rice University in Texas, about the demographic shift taking place in the U.S. today . The face of Texas has been shifting dramatically, not just from immigration, but in-migration and natural increase. Steve argues that the Texas of today is the U.S. of tomorrow. Steve and Jason discuss the changes in population, as well as the factors influencing these changes, and the potential effect of this current demographic shift throughout our country. Steve H. Murdock is the Allyn R. and Gladys M. Cline Professor of Sociology at Rice University. He previously served as Director of the U.S. Bureau of the Census having been nominated for the position by President Bush and unanimously confirmed by the U.S. Senate in 2007 and serving until the change in administration in January of 2009. Prior to his appointment at Rice, he was the Lutcher Brown Distinguished Chair in Demography and Organization Studies at the University of Texas at San Antonio (UTSA) and the Director of the Institute for Demographic and Socioeconomic Research. Before UTSA, Murdock was a Regents Professor and Head of the Department of Rural Sociology at Texas A&M University. He was also the official State Demographer of Texas. He was appointed to this position by Governor Rick Perry and was the first person to occupy this position. Dr. Murdock earned his Ph.D. in demography and sociology from the University of Kentucky and is the author or editor of 13 books and more than 150 articles and technical reports on the implications of current and future demographic and socioeconomic change. He is the recipient of numerous honors and awards. These include the Faculty Distinguished Achievement Award in Research from Texas A&M University, the Excellence in Research Award and the Outstanding Rural Sociologist Award from the Rural Sociological Society, The Distinguished Alumni Award from North Dakota State University and the Distinguished Alumni Award from the Department of Sociology at the University of Kentucky. He was named one of the fifty most influential Texans by Texas Business in 1997 and as one of the twenty-five most influential persons in Texas by Texas Monthly in 2005. He is a member of the Phi Beta Kappa, Phi Kappa Phi, and Phi Eta Epsilon national honor societies.
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Jul 1, 2015 • 33min

CW 536 - Malthusianism doesn't work. People bring us new technologies and contribute to economies.

The debt crisis in Greece is proof that Socialism doesn’t work. Can you imagine camping out in front of an ATM only to be turned away? We need to be responsible. Socialism has never worked. Investing in long term, stable rental properties is the proper way to create and grow wealth. Make a decision on a material fact with us. Should the family have been notified about a stalker before they bought a house? And we go way back to the 1970’s when Jimmy Carter warned that the world’s oil was almost gone and the U.S. should invest in new technologies. Is the oil gone and do new energy sources have environmental sins of their own? Key Takeaways: Jason’s Editorial: [1:33] Thanks Mandy M. for the feedback! It’s appreciated. [2:19] Tell the world what you think and give us a review on iTunes [2:43] The epic Socialist disaster - Greece [4:14] You can’t use Scandinavia as an example of Socialism working [6:40] Chicago/Grand Rapids Property Tour [8:37] On the 3rd day we are going to Detroit, possibly [9:44] What is a material fact? [10:55] The creepy “watcher” oddball story [14:27] Money back + interest? Is that fair? [14:57] Specific performance ruling [15:57] Factor in the opportunity cost [21:45] Does this fit into the mold of material fact? [22:16] Use the voicemail function folks! [23:29] Good old Jimmy Carter - The Malthusian Concept [25:19] The evil United States? Is our consumption of oil really evil? [26:26] New energy sources create their own set of problems [27:47] People are a wonderful resource [28:37] Japan was built on work ethic and intellect Guest interview: Mark Kohler of KKOS interview is being moved to another episode. Mentions: In Greece it’s not over even when an old lady faints at the ATM Lawsuit: Bring me young blood Leave us a voicemail today! Jason Hartman
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Jun 29, 2015 • 55min

CW 535 - Pay Close Attention to The Millennial Demographic with Mark Fleming - Chief Economist at First American

Mark Fleming is the Chief Economist for First American Financial Corporation. He has been a trusted voice with over 20 years of experience in the mortgage and property information business. Mark talks on the housing collapse, where the housing market is today, and why you should pay attention to the Millennial and Baby Boomer market. Key Takeaways: [6:10] Jason does the math on a high-end property in a cyclical market versus a lower-priced property in a linear market. [12:00] Owning five diversified properties is much better than owning one expensive property. [17:45] If you want to be green, be a cash flow investor. [20:05] Jason introduces Mark Fleming. [23:25] Before the recession, there was a lot of incentive to flip homes as oppose to buying a home to live in. [26:00] Texas, the Dakotas, and Oklahoma are considered the energy states and currently have a good real estate market. [28:40] Mark talks judicial versus nonjudicial foreclosures. [36:30] Pay attention to where Millennials want to live and where Baby Boomers want to retire. [45:00] Mark believes Millennials might marry later, but they will still have a high marriage rate. [47:50] We may see a major shift in housing when Millennials are in their mid 30s. [51:20] What should the home-ownership rate be? Mark believes 65% is the magic number. Mentioned In This Episode: http://www.firstam.com/
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Jun 26, 2015 • 28min

CW 534 FBF - The Collapse of Bear Stearns with Douglas Brunt Author of "Ghosts of Manhattan" & Former CEO of Authentium

Doug Brunt is the former CEO of Authentium and author of, “GHOSTS OF MANHATTAN.” In his new book, he transports readers back to the extravagant times before Bear Stearns collapsed, exposing a culture with boundless bonuses, where the company expense account was routinely used for bar tabs, visits to strip clubs, and worse. He even throws in some comical stories and describes some of them. Brunt offers a withering view of life on Wall Street from the perspective of an unhappy insider, run-down by the corrosive lifestyle which is jeopardizing his marriage, who is too hooked on the money to find a way out. Brunt is married to FOX News anchor Megyn Kelly, who has helped him with his books. Brunt describes their relationship and why he gave up a lucrative career as an Internet security entrepreneur. Find out more about Doug Brunt at www.douglasbrunt.com.
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Jun 24, 2015 • 44min

CW 533 - Jason & Steve on Flipping Ugly Houses with HomeVestors

Jason welcomes back Steve, an old co-host. Steve is currently working with HomeVestors as a house flipper and shares his experience on the show. Jason reminds the audience that what Steve does is actually a full-time business that you have to manage, which may not appeal to his more passive investor audience. We also learn from Steve on what the real estate market is like in Utah and if it's worth investing in it or not. Key Takeaways: [1:30] Jason welcomes back his old co-host, Steve. [6:00] When you become a house flipper, you also become a legal aid and social worker. [8:00] Steve shares a story about a house he flipped. [19:30] Buying homes at a discount is an art. [23:00] Jason and Steve talk about hypocritical celebrities. [28:30] House flipping is a business. What Jason does is an investment. [32:00] What's the real estate market like in Utah right now? [38:00] If you're located in Magna, Utah, please email Jason. Mentioned In This Episode: The Big Short by Michael Lewis
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Jun 22, 2015 • 48min

CW 532 - The Growing Social Security Problem with Laurence Kotlikoff

Laurence Kotlikoff is a second time guest to the Creating Wealth show and has a lot to share on the subject of economics and Social Security. Laurence Kotlikoff is a William Warren FairField Professor for Economics at Boston University and recently released a book entitled, Get What's Yours: The Secrets to Maxing Out Your Social Security. Laurence sits down with Jason to talk on the growing Social Security problem, the U.S. government's 210 trillion dollar time bomb, and what kind of economic environment we should expect in the next ten years. Key Takeaways: [4:15] U-Haul is a good litmus test for migration trends. [9:25] Jason recommends reading The Untethered Soul by Michael Singer. [10:45] Look out for the informal Chicago property tour July 15th. [14:00] Jason welcomes Laurence Kotlikoff to the show. [14:55] How is Social Security sexist? [19:30] By waiting until you're 70-years-old, you'd be collecting a 76% higher Social Securities check. [25:30] The true fiscal gap the government is facing is around 210 trillion dollars. [30:15] How does the U.S. debt compare to the rest of the world? [39:55] Should we expect an inflationary, deflationary, or stagnationary economy in the future? [43:50] Laurence encourages even the younger generation to the read his book, Get What's Yours. [45:40] ThePurplePlans.org is a website that shares details on how economists believe you can fix the economy. Mentioned In This Episode: The Untethered Soul by Michael Singer http://www.promover.org/ https://www.maximizemysocialsecurity.com/ http://www.kotlikoff.net/ http://www.thepurpleplans.org/
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Jun 19, 2015 • 29min

CW 531 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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Jun 18, 2015 • 43min

CW 530 - Breaking Out of Your Box and Taking Control of Your Life with Bob Proctor

Jason invites Fernando to talk about the first inaugural event of the Venture Alliance mastermind meeting. Fernando says it was a small number of people who attended, but the value of information that he gained was priceless. Bob Proctor is today's Creating Wealth main guest. He is widely considered one of the greatest speakers on personal development and he teaches people how to unlock their hidden abilities. Bob and Jason talk on the subject of creativity, taking control of your life, breaking out of your conditioning, and much more on today's episode. Key Takeaways: [2:25] What did Fernando think of the first Venture Alliance mastermind meeting? [10:30] It's very difficult to find larger, more speculative deals on your own without the support of more experienced real estate investors. [14:05] You can join Jason and Fernando on an informal Chicago property tour and just hang out with the guys on July 16th. [15:40] Jason introduces Bob Proctor. [17:05] Bob helps people recognize who they are, how to set goals, and much more. [20:45] We're conditioned to live the way we live and if that doesn't change, the results don't change. [26:55] The U.S is filled with creativity compared to other countries like China, for example. [29:50] What's Bob's thoughts on The Secret? [34:25] How do we find our purpose? [38:05] Bob gives some quick tips on how to accomplish your goals. [39:35] Do your work, put your heart into it, and the sky will clear. Mentioned In This Episode: www.proctorgallagherinstitute.com

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