Creating Wealth Real Estate Investing with Jason Hartman

Today's Flash Back Friday comes from Episode 550, originally published in August 2015.

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:

[2:01] Indicators for an available single family property in Chicago area 

[5:32] What is a DCR?

Dr. Joe Vitale Interview:

[10:54] Dr. Vitale has been working on this lately

[14:00] The 2 reasons you don’t let money into your life

[15:03] Get clean with money, money isn’t evil, money is neutral

[19:55] Our conscious beliefs are us in the waking world

[22:32] The 7 steps in the free Attract Money Now book 

[24:30] The difference between a fact and a belief

[28:13] The psychology around prosperous purchasing

[32:11] Give 10% of what you have to what or who inspires you

[36:06] Think like an entrepreneur and look for opportunities

[36:50] Listen for complaints and make the product or service solution

Mentions:

www.JasonHartman.com

www.JoeVitale.com

Attractor Factor

Life’s Missing Instruction Manual

Attract Money Now

The Secret Prayer

Hypnotic Marketing

Miracles Manual

7 Habits of Highly Effective People

Direct download: CW_1680_FBF_Vitale.mp3
Category:general -- posted at: 5:00pm EDT

Once again we have good news, and we have bad news. The US population growth has been slowing for a long time, but now it's getting to record levels. Jason Hartman starts off the show by examining the impact that will have on the country moving forward.

Then we have the conclusion of Jason's live speech discussing how to invest in an inflationary market and grow your wealth during the unprecedented money printing.

Key Takeaways:

[1:52] US population growth has slowed to the lowest since the Great Depression

[5:23] We've banked a lot as a society on growing population

[11:58] Don't forget the good news!

Live Presentation

[15:02] The power of hedonic indexing

[20:23] The problem with the doom and gloomers is they rely solely on the math

[26:51] Don't fall victim to the Reluctant Investor's Lament

Website:

www.JasonHartman.com

Direct download: CW_1679_Inflation2.mp3
Category:general -- posted at: 5:07pm EDT

The 1031 Tax Deferred Exchange is under threat by the Biden administration, and Jason's taking advantage of it while it still exists. But he's not taking advantage of it in his usual way. He's actually going about it completely backward from his old tactics.

Then, listen in to Jason's presentation on how to invest in an inflationary market and grow your wealth during unprecendented money creation.

Key Takeaways:

[4:01] Jason's reverse 2-for-1 1031 tax deferred exchange

[9:23] The Regression to Replacement Cost is creating upside in the market

Jason's LIVE Presentation:

[13:04] The hidden wealth creator of income property

[20:18] The U-Haul Index

[24:25] 2020's money creation was beyond any historical precendent

[29:28] What's going to win between inflationary and deflationary forces?

[35:51] 6 ways the government can get out of their debts

Website:

www.JasonHartman.com/Ask

www.JasonHartman.com/Properties

Direct download: CW_1678_Inflation1.mp3
Category:general -- posted at: 5:33pm EDT

Today's Flash Back Friday comes from Episode 399, originally published in August 2014.

Bill Cheney is the Chief Economist at John Hancock Financial Services. He joins the podcast do discuss how job growth was affected by the weather this past winter and if investors are feeling positive or negative about the stock market and economy.

Bill directs economic research for John Hancock Financial Services, the U.S. division of Toronto-based Manulife Financial Corporation. Based in Boston, he forecasts macro-economic and financial trends and analyzes the potential impact on the company’s individual business lines and investments.  Cheney is a member of the National Association of Business Economists.

Cheney also talks about whether investors think it is a good time to:
- buy a home 
- purchase a big-ticket item
- start a business

Cheney wraps up the conversation by providing data on Americans being concerned about healthcare costs and the national debt.

Website:

www.JohnHancock.com

Direct download: CW_1677_FBF_Cheney.mp3
Category:general -- posted at: 5:00pm EDT

Housing inventory hasn’t magically reached levels that will cool off the market, but there are some good signs on the horizon. Jason Hartman breaks down a recent article with information presented by Lawrence Yun, chief economist of the National Association of Realtors, discussing some of the good news that’s headed toward the housing market. But, like everything in life, there’s a flip side to the coin that isn’t as good news for buyers.

Listen in as Jason asks the question that the mainstream won’t ask, and examines the good and the bad of our current landscape.

Key Takeaways:

[3:59] Housing market inventory recovery?

[8:03] The market we're in can absorb a LOT more inventory

[11:58] Home starts jumped 15%

[17:23] Millennials still aren't buying homes in large percentages

[20:03] Almost none of the new inventory being built/coming online now is in the price range that makes sense for rentals

Website:

www.JasonHartman.com/Properties

www.JasonHartman.com/Ask

Direct download: CW_1676_Housing.mp3
Category:general -- posted at: 5:00pm EDT

It's been a long time since Jason Hartman has done a listener question episode, so he and Adam sit down and get to some of the questions that have come in.

Listen in as the two explore how to attack coming inflation, why banks give out loans, the future of housing prices, and more.

Key Takeaways:

[2:37] Listener Question from Terry about profiting from inflation if you can't get an investment property

[10:21] Listener Question from CluverBusy about why banks give mortgages if it's so advantageous to the borrower

[15:58] Listener Question from Rich Jarsky: what's the best market to buy income properties in?

[24:10] Listener Question from Peter: What about when you can't get a fixed rate mortgage

[25:21] Listener Question from Ju Liu: Will we ever see housing prices go down?

Website:

www.JasonHartman.com/Properties

www.YouTube.com/jasonhartmanrealestate

Direct download: CW_1675_ListenerQs.mp3
Category:general -- posted at: 5:00pm EDT

Today's Flash Back Friday comes from Episode 696, originally published in July 2016.

Jason shares his 10 Commandments of Successful Investing in this audio recording of his live presentation during the Orlando, Florida Creating Wealth Seminar and Property Tour. He looks back at getting his real estate license at the age of 19 and the decisions he made when he sold his first company. Jason has become a multimillionaire by living by these guidelines and you can too. Income property is the most historically favored asset class. Why gamble your money in stocks and bonds when you can make solid, long-term investments in the US real estate market?

Key Takeaways:

[1:55] You need to build a portfolio before you consider protecting your assets and estate planning. 

[12:58] The Denis Waitley poem that changed Jason’s life.

The 10 Commandments of Successful Investing Live Presentation:

[16:27] Thou shalt become educated.

[21:40] Seek guidance: Have a team including an investment counselor.

[22:56] Thou shalt maintain control.

[25:30] Thou shalt not gamble.

[27:53] Thou shalt diversify.

[29:54] Be area agnostic.

[31:02] Thou shalt use borrowed money.

[33:42] Thou shalt only invest where there is universal need - Avoid trends. 

[34:35] Purchase tax-favored assets.

Mentioned in This Episode:

www.JasonHartman.com

Hartman Education

Denis Waitley Creating Wealth Ep. #150

Direct download: CW_1674_FBF_Waitley.mp3
Category:general -- posted at: 5:00pm EDT

How bad is the retirement savings situation in the USA? Well, Jason Hartman breaks down what we're actually looking at, and it isn't pretty.

Then Jason has a client case study with Curt Moe. Curt listened to the podcast for nearly a decade before taking the plunge into real estate investing. Now, he's all in.

Curt explains why he started looking into real estate, what helped him overcome his limited beliefs, how cash flow has helped him in his life, and more.

Key Takeaways:

[3:31] Retirement saving recommendations tend to overlook the impact of inflation

[7:56] The sad state of retirement savings in the USA

Client Case Study:

[18:18] When Curt started buying rental properties

[22:49] The importance of overcoming limiting beliefs

[28:06] The comparison trap of social media

[31:25] Why Curt even looked into real estate in the first place

[36:25] The world is full of trustworthy and helpful people, so don't be afraid to ask for help

Website:

www.JasonHartman.com

Direct download: CW_1673_CurtMoe.mp3
Category:general -- posted at: 5:14pm EDT

50 years ago President Nixon took the USA off the last remaining connection to the Gold Standard. Since then a lot has changed, but one constant has been inflation. Jason Hartman starts off the episode looking at what Nixon did that really staved off massive inflation.

Then Jason talks with The Rebel Capitalist George Gammon about the newest Operation Twist. This is a program run previously that aims to manipulate yields. George explains how it did work and how it might be used again. The two also examine the hyperinflation of Weimar, Germany, and see if there's any link to what's happening in the USA today.

Key Takeaways:

[2:20] It's been 50 years since we went off the Gold Standard

[5:38] Nixon's reasoning for going off the Gold Standard

George Gammon Interview:

[9:48] What was Operation Twist and what's version 2 look like today?

[14:33] The impact of the Treasury spending down their account

[19:28] How bank actions are distorting the yield curve

[23:35] Is all of this as inflationary as it sounds?

[26:02] Average income in the US is substantially rising

[36:44] Weimar, Germany's inflation story

Website:

www.GeorgeGammon.com

www.JasonHartman.com/ask

Direct download: CW_1672_Gammon.mp3
Category:general -- posted at: 6:12pm EDT

Today's Flash Back Friday comes from Episode 545, originally published in July 2015.

This is a must listen to episode for investors. Guest Harry Dent has written over 7 books on using demographics to predict economic outcomes. He and Jason discuss the inevitable Chinese market crash, the deflation that is headed our way and the massive amounts of debt in the private and public sectors. For real estate buyers, it appears that the everyday house is the best place to invest right now and in the next 3 to 4 years we just might see the lowest interest rates on mortgage loans of this lifetime. Harry warns that the bigger the bubble the bigger the burst and predicts we will see the Dow drop below 6000 in the coming years and fracking bonds will be crucified. 

Key Takeaways: 

[2:06] Daniel wants to know about a sole proprietorship

[3:48] There is no asset protection sole proprietorship 

[4:37] An LLC could be a self management company  

[6:15] Self managed properties 

[8:08] The power of the Venture Alliance Mastermind

[9:34] Jason’s next event - Sept/Oct

[11:28] The cost of colonizing the moon

Harry Dent interview:

[12:58] Florida the no income tax state

[13:44] A something for nothing life is not realistic

[14:36] Deleveraging the debt leads to money disappearing

[16:22] Debt grew 2.7x’s faster than GDP

[17:48] We are sitting on unfunded liabilities at 4x’s the GDP

[18:54] Debt detox is needed

[21:17] Is the U.S. in a legitimate economic recovery?

[24:39] Harry’s opinions on high end real estate 

[26:41] Banks and governments made bad loans

[27:23] Why the uber rich won’t get richer after this bubble 

[28:51] The greater fool theory - the Chinese are the last fools standing 

[31:16] Trends and data from China 

[33:45] Speculation will cause the crash in China

[35:22] The U.S. fracking industry will default

[37:00] Deflation is a sign a bubble is bursting 100 trillion dollars will disappear

[38:19] The Dow will drop to under 6,000 in the magphone pattern

[41:25] Junk bonds will be crucified and growing default rates

[42:48] Mortgage rate will come down in 3 or 4 years

Mentions:

The Roaring 2000’s

The Great Depression Ahead

www.HarryDent.com

Direct download: CW_1671_Dent.mp3
Category:general -- posted at: 5:00pm EDT

How would your life change if you found peace with money?

Many of us don't have the greatest relationship with money, whether we realize it or not. But if you are able to make peace with it, you'll find that it opens your life up to much more than you can imagine.

Ken Honda, author of Happy Money, The Japanese Art of Making Peace with Your Money, joins Jason Hartman to discuss why giving is so powerful, the importance of money, and more.

Key Takeaways:

[3:39] What does it mean to not be at peace with your money

[8:20] Money is just a number and an idea

[12:21] Ken's money container philosophy

[16:33] What you appreciate, appreciates

[21:36] What you can do to invite more happy money into your life

Website:

www.KenHonda.com

www.JasonHartman.com

Direct download: CW_1670_Honda.mp3
Category:general -- posted at: 5:36pm EDT

Jason Hartman has been saying that house prices now are nominally high but cheap in the way that people ACTUALLY buy houses. Now it seems that other people are coming around to that realization as well. Could it be true that housing is cheap than it's been in a generation?

And in the interview part of today's show, when a libertarian is saying it may be time for Universal Basic Income (UBI), does that mean it's come mainstream?

Mike Munger, Professor at Duke University and author of the new book Platforms: The Perils and Promise, joins Jason Hartman to discuss the potential of a $15 minimum wage, and what that would do to the economy vs what a UBI could do. The two also discuss asset prices, monopolies, and what HAS to be fixed with our current version of capitalism.

Key Takeaways:

[3:29] Even with the runup in prices, housing is still cheap

[7:29] Housing got 4.8% cheaper year over year since 2020

[11:06] The new branch of Jason's company

Mike Munger Interview:

[14:47] What is the 3rd revolution

[20:17] Why Mike is in favor of Universal Basic Income

[24:48] How do you find the ideal amount of UBI?

[29:19] Asset prices cause inequality

[31:21] Is it time to reexamine what we call antitrust?

[36:10] Capitalism is becoming cronyism in the USA. Is that sustainable?

Website:

www.JasonHartman.com/Option

www.MichaelMunger.com

Direct download: CW_1669_Munger.mp3
Category:general -- posted at: 5:00pm EDT

Today's Flash Back Friday comes from Episode 843, originally published in June 2017.

Jason has left the most expensive city in the US, NYC, and is enjoying fly over state pricing once again. The meat of this episode is a recording of a Creating Wealth Live session which focuses on inflation. We all know inflation is right around the corner as it is the only way the government can get out of the current economic climate. Inflation will erode our purchasing power, our stocks, our savings and the rich will get richer. Investing in Income Property is your best weapon against the forthcoming inflationary increase.

Key Takeaways:

[02:54] Using a movie or Broadway play can get the attention of the political left.

[06:29] Investors should align their interests with the government and the powers that be.

[09:18] The Venture Alliance Mastermind in Chicago and the Oklahoma City JHU Live and Property Tour.

Creating Wealth Live Clip:

[10:42] The 6 ways the government is likely to inflate themselves out of a mess.

[12:54] Understanding inflation in all of its forms.

[15:53] The political left uses the guise of compassion and the right uses the guise of fiscal responsibility.

[17:57] The government imports a deflationary force.

[21:53] All the bills Americans need to pay are increasing while the price of ‘wants’ is going down.

[25:39] How does income property counteract inflation?

Mentioned in This Episode:

www.JasonHartman.com

Hartman Education

Direct download: CW_1668_FBF_IIDD.mp3
Category:general -- posted at: 5:00pm EDT

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