Creating Wealth Real Estate Investing with Jason Hartman

Jason Hartman

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Oct 20, 2020 • 44min

1576: 62.6% Income Tax, Rapper '50 Cent' Supports Trump, Continued Migration, Foreclosure or Opportunity, Rick Sharga

What percentage of your salary is going to taxes? Jason Hartman shares staggering stats on income tax across the US. And the migration out of high-priced, cyclical markets continues. Rick Sharga returns to the show to distinguish between foreclosures and opportunities. Will the 3 million forbearance cases end up in foreclosure? Rick also gives an excellent insight into every sector of what he thinks is to be expected in the commercial real estate market. Key Takeaways: [1:15] Would you like to work for the government for 228.5 days per year? [6:00] The mass migration continues. [7:45] Check out this ad from a Baltimore politician. [11:45] Speaking of migration, Uhaul prices' paint a clear picture of where people are going. Rick Sharga [18:00] Rick distinguishes between foreclosures and opportunities. [24:00] Will 3 million in forbearance programs end up in foreclosures? [27:00] What happens when all of these loans come out of forbearance? [32:45] Discussing California's new law that the institutional buyer cannot buy foreclosures. [34:45] We already see a higher number of commercial foreclosure properties popping up. [36:00] Rick breaks down his expectations for each sector of the commercial real estate environment. [39:30] One of the most significant shortages in housing is in the low price tiers. Here's why. Websites: RealtyTrac.com PandemicInvesting.com JasonHartman.com/Ask JasonHartman.com/Start JasonHartman.com/Recordings JasonHartman.com/Asset JasonHartman.com/Webinar JasonHartman.com JasonHartman.com/properties Jason Hartman Quick Start Jason Hartman PropertyCast (Libsyn) Jason Hartman PropertyCast (iTunes) 1-800-HARTMAN
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Oct 19, 2020 • 31min

1575: FICO Scores All-Time High, Foreclosure Crisis or Not? Rick Sharga, RealtyTrac

FICO scores have hit a record high, but is a perfect FICO score the best situation? Jason Hartman discusses FICO scores along with vacancy rates. What looks the best may not be the best. Rick Sharga, Executive Vice President of Marketing at RealtyTrac, talks with Jason Hartman about forbearances and foreclosures. Does one lead to the other, and how will this differ from the great recession? How has COVID-19 changed how millennials approach renting vs. buying? Key Takeaways: [1:25] You are assisting with a fundamental economic concept called price discovery. [3:00] FICO scores hitting a record high? [5:00] Do you want a perfect credit score or an ideal vacancy rate? [12:30] Let's compare rent decreases of two-bedroom units. [16:50] Number of homes on the market is down 39%. Rick Sharga [18:00] Everyone is asking, "is Covid going to cause a housing crash?" [19:00] Covid has not slowed down the housing market even a little bit. [20:45] The pandemic accelerated millennials' trend to stop as urban renters and move to a place of homeownership. [28:30] The 2006 median price home was $650 more expensive than the median price home today, adjusted for interest rates and inflation. Websites: RealtyTrac.com PandemicInvesting.com JasonHartman.com/Ask JasonHartman.com/Start JasonHartman.com/Recordings JasonHartman.com/Asset JasonHartman.com/Webinar JasonHartman.com JasonHartman.com/properties Jason Hartman Quick Start Jason Hartman PropertyCast (Libsyn) Jason Hartman PropertyCast (iTunes) 1-800-HARTMAN
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Oct 16, 2020 • 42min

1574 FBF: Single Family Residential Property Investing with Jason Hartman and Kerry Lutz of the Financial Survival Network

This episode of Flashback Friday was originally published: February 20, 2014 The tables have been turned on Jason Hartman during Episode #362 of The Creating Wealth Show. Normally Jason asks the questions, but today, host Kerry Lutz of the Financial Survival Network sets the agenda. What transpires is a nuts and bolts crash course in the exact reasons single family residential properties are Jason's preferred form of investing, bar none. Better than the stock market or gold by a long shot, and safer than apartment complexes or commercial properties. If you have an interest in a better understanding of the kind of investing that creates actual wealth for the long term, don't skip this show. About Kerry Lutz Kerry Lutz has been a student of Austrian Economics since 1977. While attending Pace University, he stumbled upon an extensive cache of Austrian Economic Literature in a dark, musty, abandoned section of the school's library. After graduating from The New York Law School, he became an attorney and life-long serial entrepreneur. His diverse career has included: running a legal printing company, practicing commercial law and litigation and founding a successful distressed asset investment company. In 2010, Kerry gave up most of his other interests to pursue his long held desire of becoming a radio show host. Thus the Financial Survival Network was born. Its mission, much like that of Jason Hartman's, is helping you to survive and thrive in the New Economy. He has done hundreds of interviews with such financial luminaries as Peter Schiff, Harry S. Dent, Martin Armstrong and Peter Grandich. Kerry now appears on 1230 WBZT, in West Palm Beach, FL, every Sunday from 9am-10pm EST. In This Episode, Jason Addresses: Is the dollar collapse real or fiction and why it might not matter Why math math is irrelevant when it comes to the economy Where Chinese millionaires want to live Why residential property investments beat multi-family and commercial How you can tell if your real estate portfolio is diversified What's wrong with most real estate gurus' and their promises much, MUCH more… Don't miss Jason's monologue, which leads off this episode. He discusses the recent merger of eLance and oDesk, the scam of life insurance as an investment,why college no longer makes financial sense, and what Steve Jobs told President Obama about creating more jobs. Links: The Financial Survival Network Check out this episode!
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Oct 15, 2020 • 35min

1573: Affordable New Homes Shortage Drives Inflation, Senior Fellow at Consumer Federation of America Barry Zigas, Part 2

Americans are in the entrepreneurial spirit. Jason Hartman shares his daily economic update, including figures from the IMF of advanced and emerging economies in 2020, moving to 2021. As well, gold, what's the standard? Barry Zigas joins Jason Hartman to discuss student loans compared to home loans. Is this similar to a problem we've seen in the recent past? How does the shortage of affordable new homes drive inflation? Key Takeaways: [1:45] Americans are starting new businesses at the fastest pace in a decade. [6:00] Get the government out of the way and allow for creative destruction. [12:00] IMF says that advanced economies are down 5.8% in 2020, but where will it go next year? [17:00] How does gold influence inflation? Barry Zigas - Part 2 [21:00] Student loans compared to home loans, is this a perpetual problem? [24:00] There's a tremendous shortage of affordable new homes to buy, which is part of what's driving inflation. [27:20] San Francisco, what caused its high prices throughout history, and will that change from COVID-19? [34:00] COVID-19 has employment implications, which will translate to housing implications. Websites: zigasassociates.com consumerfed.org PandemicInvesting.com JasonHartman.com/Ask JasonHartman.com/Start JasonHartman.com/Recordings JasonHartman.com/Asset JasonHartman.com/Webinar JasonHartman.com JasonHartman.com/properties Jason Hartman Quick Start Jason Hartman PropertyCast (Libsyn) Jason Hartman PropertyCast (iTunes) 1-800-HARTMAN
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Oct 14, 2020 • 37min

1572: Former Senior VP of Community Lending at Fannie Mae & National Low Income Housing Coalition NLIHC Barry Zigas

Jason Hartman speaks to fans of futurists, are predictions from The Fourth Coming coming to fruition? As a prelude to October 17th, the PandemicInvesting.com event, Jason shares the quick list of six tsunamis that are changing the housing market. Jason Hartman talks with Barry Zigas, Senior Fellow at Consumer Federation of America. Barry shares a brief, descriptive history lesson on how Fannie Mae and Freddie Mac came to be. Barry and Jason discuss the low and middle-income housing crisis and what factors contribute to homeownership rates. Key Takeaways: [3:45] The predictions from The Fourth Coming are coming true right now. [5:00] Jason shares the six tsunamis that are changing the housing market. [6:45] Rent is plunging in high-priced US cities and tech-hubs. [9:30] What's a mega-wealth transfer? Barry Zigas [17:00] Fannie Mae and Freddie Mac were both created by acts of congress. [20:30] Is the Fannie Mae/Freddie Mac mission to increase homeownership? [22:20] Let's talk about global home ownership comparisons. [27:00] What factors contribute to homeownership rates? [28:15] There's still discrimination in the mortgage markets. [30:30] Redlining is a term defined as a percentage of non-white people living in a community. [32:45] How much of the community reinvestment act is to blame for the great recession? Websites: zigasassociates.com consumerfed.org PandemicInvesting.com JasonHartman.com/Ask JasonHartman.com/Start JasonHartman.com/Recordings JasonHartman.com/Asset JasonHartman.com/Webinar JasonHartman.com JasonHartman.com/properties Jason Hartman Quick Start Jason Hartman PropertyCast (Libsyn) Jason Hartman PropertyCast (iTunes) 1-800-HARTMAN
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Oct 13, 2020 • 34min

1571: Advanced Tax Strategies for Savvy Investors by Amanda Han & Matthew MacFarland

Join us Saturday, October 17th @ 8/11 am PT/ET PandemicInvesting.com GlobeSt.com finally concurs with Jason Hartman; people are leaving high-density areas. Clear some confusion about tax strategy, and gain some added tricks of the trade by listening to this interview. Jason Hartman talks with Amanda Han and Matthew MacFarland, authors of Advanced Tax Strategies for Savvy Investors. Tax laws can change every year, so it's crucial to take advantage of them as soon as you can. Learn what most investors forget to do for some of the best write-offs. Key Takeaways: [1:30] Yes, yes. We said it first, people are leaving high-density areas! [8:30] Excited to have advanced tax strategy with a focus on RE [9:00] Will we lose the 1031-Exchange with Biden in office? [14:10] Many RE investment property owners overpay on taxes because they do not view themselves as a business when it comes to their taxes. [19:40] How do I take more deprecation sooner than later, with a cost segregation study? [26:20] How do you prepare to take unlimited deductions, regardless of income - by qualifying as a real estate professional? Websites: PandemicInvesting.com JasonHartman.com/Ask JasonHartman.com/Start JasonHartman.com/Recordings JasonHartman.com/Asset JasonHartman.com/Webinar JasonHartman.com JasonHartman.com/properties Jason Hartman Quick Start Jason Hartman PropertyCast (Libsyn) Jason Hartman PropertyCast (iTunes) 1-800-HARTMAN
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Oct 12, 2020 • 40min

1570: Rating America's Presidents, An America-First Look at Who Is Best, Who Is Overrated, and Who Was A Disaster by Robert Spencer

Is buying a home in the US dead because of COVID-19? Will the US become a renter nation? Regarding wealth, how far behind are millennials from the boomers? Jason Hartman is joined today by Robert Spencer, author of Rating America's Presidents, An America-First Look at Who Is Best, Who Is Overrated, and Who Was A Disaster. This book is a non-partisan analysis of the US President's performance in office. Jason and Robert discuss sociological changes in the US and harsh rhetoric from either party. Will the US re-elect Trump, if so, will he be the last Republican President? PandemicInvesting.com Saturday, October 17: 11 am-5 pm EST (happy-hour following) Key Takeaways: [4:00] the US will become a renter nation. [6:45] Is buying a home in the US dead in 2020? [8:30] Millennials way behind Boomers in amassing wealth. Robert Spencer [12:40] This is not a republican or democratic book; this book is America First! [15:00] Are the left "for the people" or for big government? [20:00] "With the truth about history, we can reclaim the public discourse." -Spencer [26:20] If Trump wins reelection, where will the US be in 4 years? [28:25] Will Trump be the last Republican President? [32:00] Rating US Presidents, example: Woodrow Wilson. [35:00] One of the recipes for being a good US President is…? Websites: jihadwatch.org PandemicInvesting.com JasonHartman.com/Ask JasonHartman.com/Start JasonHartman.com/Recordings JasonHartman.com/Asset JasonHartman.com/Webinar JasonHartman.com JasonHartman.com/properties Jason Hartman Quick Start Jason Hartman PropertyCast (Libsyn) Jason Hartman PropertyCast (iTunes) 1-800-HARTMAN
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Oct 9, 2020 • 1h 14min

1569 FBF: Economic Trends & Income Property Investing with Karl Denninger Founder of 'The Market Ticker' Blog

This episode of Flashback Friday was originally published: September 18, 2013 Karl Denninger is a technology expert and businessman, finance blogger, political activist and is sometimes referred to as a founding member of the Tea Party movement. Denninger was also the founder and CEO of MCSNet in Chicago. Denninger is a founding contributor to the libertarian-oriented finance blog The Market Ticker, found at http://market-ticker.org. He uses his blog to levy harsh criticism of the criminal element who are wrecking the global financial system. In the aftermath of the March 2008 collapse of Bear Stearns, he founded the website Fed Up USA. He came to national attention for the criticisms of the Emergency Economic Stabilization Act of 2008 which he posted on Fed Up USA in September that year. Of special concern to Denninger was the over-the-counter trading of credit default swaps, as well as the high leverage of financial institutions; his objections to the bailout plan stemmed from the fact that it did not address either of these issues. He has also spoken out against high-frequency trading, particularly in the aftermath of the 2010 Flash Crash. As a publicly outspoken and early member of the Tea Party movement, Denninger is sometimes referred to as a founder. On January the day of President Obama's first inauguration, he published a blog post calling on readers to mail tea bags to the White House and Congress on February 1st, echoing a suggestion by a commenter on one of his earlier blog posts. However, Denninger later expressed concern with the Tea Party movement, specifically that establishment Republicans had hijacked it and perverted its original goals. * Read more from JasonHartman.comJason Hartman: "Thou Shalt Invest in Quality."Inflation's Low - Is That a Good Thing?
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Oct 8, 2020 • 30min

1568: Construction Cost Spike, Client Case Study Bruce Weyer

Jason Hartman talks with client Bruce Weyer. A few months back, Bruce sent in a lumber market update, sharing staggering numbers that his long-time lumber family business has never seen before. Bruce joins the show today to give an update on pandemic pricing for lumber. He also shares his story from the west coast movie business, back to the family lumber business, and how he started investing in duplexes, quadplexes, and what his strategy is going forward. Key Takeaways: [3:00] From the West Coast movie business to Florida Construction Business. [8:00] Lumber Market Update: What does this do to new homes? [12:00] Regression to Replacement Cost [13:00] Where are lumber prices headed at this time? [17:00] Client case study; duplex, quadplex, or single-family home strategy. [24:00] The advantages of putting down as little as possible, or putting the extra 5% down? Websites: PandemicInvesting.com JasonHartman.com/Ask JasonHartman.com/Start JasonHartman.com/Recordings JasonHartman.com/Asset JasonHartman.com/Webinar JasonHartman.com JasonHartman.com/properties Jason Hartman Quick Start Jason Hartman PropertyCast (Libsyn) Jason Hartman PropertyCast (iTunes) 1-800-HARTMAN
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Oct 7, 2020 • 49min

1567: Hub & Spoke Office Model, Rick Sanchez, RT America, Let's Do Real News

Jason Hartman shares today's staggering numbers from commercial real estate loans to office space for lease. Will we see more corporations move to the hub and spoke office model so that employees can move to less densely populated suburban areas? Rick Sanchez of RT News joins Jason Hartman as they discuss where has the real news gone and what can influence can do to a news station? Rick asks Jason about necessity housing and the future of real estate post-pandemic. Key Takeaways: [2:15] WSJ: 3.87 Billion, the value of the securitized commercial real estate loans in foreclosure last month. [3:30] At the end of the day, everybody needs a place to live. [4:20] 100,000 sq ft of office to sublease that Twitter is now putting on the market. [6:45] 50% of Times Square office employees have not been brought back to the office since the pandemic started. [9:00] Are things getting better or worse, regarding COVID-19? Rick Sanchez [15:00] Necessity housing is fine, as for the others… [20:00] In a down economy, there may be more renters than buyers. [22:00] Buyer v. Renter positions. [27:40] "I learned the principles of advertising." - Rick [31:00] As an investor, Rick Sanchez has embraced the American Dream. [33:45] Can we trust any mainstream media to share all of the news accurately? [42:00] Influence; who's buying who? Websites: Download the Portable TV App: Rick Sanchez PandemicInvesting.com JasonHartman.com/Ask JasonHartman.com 1-800-HARTMAN

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