Originally aired as CW 165 

Jason talks with Dr. Tony Alessandra CSP, CPAE about The Platinum Rule. Listen at: http://www.jasonhartman.com/radioshows. Tony has a street-wise, college-smart perspective on business, having been raised in the housing projects of NYC to eventually realizing success as a graduate professor of marketing, entrepreneur, business author, and hall-of-fame keynote speaker. He earned a BBA from the

When 18 out of 20 valuation sources say the S&P is radically overvalued, it might be true. Most of you know never to invest in the stock market (unless you are an insider) but just in case, Jason shares a table with some astounding estimations of how overvalued the S&P is. And a local market specialist joins us from Oklahoma City to describe the benefits of investing in the primarily new construction market there. He says that a dollar stretches further, tornadoes have moved East and it’s a landlord friendly market.

Key Takeaways:

[02:07] The two ways to win on Wall Street.         

[04:05] Give value to the psychology of investing.

[07:13] An example of a crappy real estate deal in Santa Ana, California.

[11:02] The stock market is radically overvalued, 18 of 20 valuators concur.

[23:46] Yield/Dividend type investors always win.

Oklahoma City Metro Market Profile:

[26:03] New Construction keeps the economy rolling in Oklahoma City.

[31:05] The Oklahoma City area boasts a thriving economy and positive cash flow.  

[33:05] Are tornados and issue for investors needing to insure properties?

[38:09] Home value to income ratios in the Oklahoma City area.

[42:54] The local market specialist has an interest to satisfy investors.

[46:17] Property management services are available short and long term.

Mentioned in This Episode:

Jason Hartman

Hartman Education

Real Estate Tools

One of the benefits of listening to the Creating Wealth podcast is current, as well as,  historical data on the most historically proven asset class, income property. Jason handpicks Flashback Friday episodes that contain pertinent information about predictions and changes in real estate and the overall state of the US with regards to the real estate/housing markets. Reviewing industry trends of the past may help you balance future investments so be sure to listen to the Flashback Friday episodes.

Today’s guest is Reichen Kuhl, CEO and Founder of the rental contract insurance company, LeaseLock. He shares useful information about the program designed to identify rent payers and to protect landlords from those who don’t pay their rent.

Key Takeaways:

[02:54] Listen to Flashback Friday episodes to gain perspective on today's real estate market.

[11:25] Hold on loosely, but don't let go can be a song lyric or a real estate investment strategy.

[14:52] Cap rate and cash-on-cash return are metrics that don't tell the whole investment story.

[18:59] Examples of available properties to demonstrate the importance of understanding a pro forma.

Reichen Kuhl Guest Interview:

[27:00] LeaseLock is an insurance policy a tenant will pay the rent.

[30:37] How exactly does the LeaseLock know who will be a rent payer?

[36:12] Insurance industries are able to insure people differently in spite of Fair Housing laws.

[38:19] The cost is LeaseLock is 7% of the full lease value of the rental unit.

[41:35] Miscellaneous information about LeaseLock as a business.  

Mentioned in This Episode:

Jason Hartman

Real Estate Tools

LeaseLock

Originally aired as CW 215

Jason Hartman talks with James Anderson, managing director of GoldSilver.com, about the historical cycles of gold and silver and other precious metals, against the monetary cycles. 

As the world’s fiat currencies continue to be debased through inflation, regulation, and irresponsible spending, precious metals investing is on the rise.  But do you physically own your gold

This episode is chock full of trends, predictions and current affairs. Jason (The Predictive Genius) Hartman is a purveyor of rational recklessness. He shares an article from The Atlantic which asserts that Americans are moving out of the city and into suburbia. Once again proving his theory of the resurgence of the suburbs to be correct. Jason also reminds us to take time to remember the good things in life by way of the ‘Winning is Giving’ poem by one of his early mentors, Denis Waitley.

Key Takeaways:

[2:56] Humans make emotionally-charged decisions and then rationalize them with logic.

[06:40] Why the best real estate deals never close.

[09:09] Price, Terms and Time (PTT) are the 3 corners of the real estate deal triangle.

[11:06] ‘Winning is Giving’ by Denis Waitley

[13:53]  Are the 3 value drivers of real estate still location, location and location?

[19:04] An article from The Atlantic "Why are so many Americans saying goodbye to cities?"

[27:57] Thou shalt only invest where there is universal need.

[31:56] A portfolio review and rebalance is necessary every 6-months or so.

Mentioned in This Episode:

Jason Hartman

Venture Alliance Mastermind

Atlantic Article - Why So Many Americans Saying Goodbye to Cities by Derek Thompson

It’s a wonderful time to be alive, especially if you are an income property investor. New technologies allow investors to self-manage properties all over the U.S. no matter where in the world they are located. Jason speaks with Merrick Lackner the Co-founder of Rently and Rently Keyless. Merrick describes the mechanics behind turning your rental properties into smart homes to give you more control over showings, energy consumption costs and the general well-being of your properties as well as the cost of installation and maintenance.

Key Takeaways:

[03:07] Changes in property management and increased returns from investments.

[04:34] Do you know which billionaire lives in a trailer park?

Merrick Lackner Guest Interview:

[09:21] Merrick saw the need to improve on the showing of rental properties.

[12:57] Merrick describes the different options Rently offers.

[20:48] How the Rently process is coordinated for the renter and the landlord.

[25:30] The smart matching program includes a background check.

[26:58] Rently Keyless Entry gives real estate investors more control over their properties.

[30:10] How much does Rently Keyless cost to install and maintain?

[33:02] Rently offers different access for renters and owners to reduce liabilities and provide privacy.

Mentioned in This Episode:

Jason Hartman

Jason Hartman University

Zappos

Real Estate Tools

Rently

Rently Keyless

Originally aired as CW 244

Join Jason Hartman and client, Patrick, for a timely discussion about the benefits of real estate investing. Patrick shares his experiences working with Jason Hartman and Platinum Properties Investor Network’s investment counselors.

Finally an economist talks about some new, positive stuff! Jason welcomes guest expert, Frances Donald the Senior Economist at Manulife Asset Management and Chief Economist at John Hancock Financial Services. Frances is a wealth of information as she shares CEO, consumer and investor sentiment numbers with regards to the housing market and the job market. Jason can’t seem to pin Frances down on whether or not Trump, our first real estate president, is responsible for the growing economy but she does acknowledge the stock market is rallying based on the promised policy changes.

Frances says despite student loan debt and banks being reluctant to give mortgage loans to younger people the pent up demand leaves room to run in the real estate market.

Key Takeaways:

[4:42] Frances has a positive outlook for the U.S. economy based on the investor sentiment survey.

[7:24] Does Trump deserve credit for the good economic forecast?

[8:41] The challenge for the housing market moving forward is that interest rates are moving up.

[11:42] Companies large and small are feeling more optimistic with Trump as president.

[13:23] Residential investment or housing is a small percent of the total economy.

[18:00] Frances Donald shares the two drivers of rental housing.

[20:32] The natural relationship between housing and rentals is currently broken.

[24:11] Wage growth and how it relates to demographics.

Mentioned in This Episode:

Jason Hartman

Real Estate Tools

John Hancock

@francesdonald on Twitter

To start the show, two clients who bought properties at the Creating Wealth Seminar and Memphis Property Tour tell their stories of why they do business with Jason’s company. And, later a recording from the Venture Alliance Mastermind in Las Vegas with Jeff. Jeff details how he creates balance in his life and has a successful career.

Key Takeaways:

[1:27] Adam bought his 9th property during the Memphis Property Tour.

[4:32] A client who likes doing business with Jason’s organization because they provide a one-stop shop.

Las Vegas Venture Alliance Recording

[10:24] Jeff breaks things down into quarterly and daily goals.

[13:04] How Jeff strategically forms his 4 key goals.

[18:22] Meditation is a key component of successful people’s lives.

[22:23] The importance of teaching and growing every day.

[26:13] Choosing to create a leader, not a doer.

Mentioned in This Episode:

Jason Hartman

A Tale of Two Brothers Podcast

Venture Alliance Mastermind

Join Jason Hartman and returning guest, Ellen Brown, author of Web of Debt, for a discussion of the United States’ debt ceiling, QE2, inflation, as well as a brief explanation of how money came to equal debt. Ellen explains why the debt ceiling is unconstitutional, how the government is legally committed to paying its debts. She points out the contradiction that has been for more than 100 years, since WWI. The easing put into place at that time was only to be a temporary measure.

Ellen also talks about shadow banking causing the crisis by money being lent into existence, slight of hand. The only real money are coins, which are one-tenth of the total money in circulation. Ellen also discusses QE2 , where the government agreed to pay the interest on borrowed money in order to maintain control of the Federal Funds rate. She said there are a lot of reserve funds on the books in certain foreign banks, including bond dealers, that is just being held.  Ellen also touches on the national debt, Glass-Steagall, and proposes state-owned banks as part of the solution, with the basic idea that we take care of our own, much the same way that Japan is reliant on their own Central Bank.

Ellen Brown developed her research skills as an attorney practicing civil litigation in Los Angeles. In Web of Debt, her latest book, she turns those skills to an analysis of the Federal Reserve and "the money trust." She shows how this private cartel has usurped the power to create money from the people themselves, and how we the people can get it back. Brown developed an interest in the developing world and its problems while living abroad for eleven years in Kenya, Honduras, Guatemala and Nicaragua. She returned to practicing law when she was asked to join the legal team of a popular Tijuana healer with an innovative cancer therapy, who was targeted by the chemotherapy industry in the 1990s.

That experience produced her book Forbidden Medicine, which traces the suppression of natural health treatments to the same corrupting influences that have captured the money system. Brown's eleven books include the bestselling Nature's Pharmacy, co-authored with Dr. Lynne Walker, which has sold 285,000 copies.

The resurgence of the suburbs is yet another of Jason’s predictions coming true. Jason shares a recording of the Wall Street Journal article as proof. Then, Cal Newport details the current distraction epidemic caused by our smartphones and social media accounts. Cal believes corporations have us just where they want us by making us addicted to apps and programs which feed us non-stop advertisements and shape our buying habits. He discusses his books, Deep Work and So Good They Can’t Ignore You while offering strategies designed to break your addiction.

Cal Newport is a Professor of Computer Science at Georgetown University.

Key Takeaways:

[4:23] Jason’s prediction about the resurgence of the suburbs is coming true.

[9:45] Applying business ethics in politics doesn’t always work.

[11:05] A recording of the WSJ article about the migration of the US population.

Cal Newport Guest Interview:

[17:42] Cal explains the foundation for his two popular books.

[19:33] Modern digital handheld devices offer a true test of a person’s ability to focus.

[24:03] Measuring the impact of your digital behavior to make a bigger impact.

[26:30] How to break the addiction of digital devices.

[32:01] Developing a Deep Work habit.

[37:41] The distinction between productivity and true productivity.

[39:02] Apps and strategies for people who need to maintain connections but also want to focus.

[41:48] The title So Good They Can’t Ignore You was inspired by Steve Martin.

[46:22] Social Media doesn’t add much profit to your business unless your business is social media.

Mentioned in This Episode:

Jason Hartman

Real Estate Tools

Jason Hartman University

Cal Newport

Deep Work by Cal Newport

So Good They Can’t Ignore You by Cal Newport

“Look Up” Video on YouTube

Freedom App

During this case study, client Vernon Grant offers up a classic example of a situation you or your parents may be in right now. Vernon asks Jason for investment guidance on the two properties his parents own that are in vastly different markets. It’s all about the numbers, as Jason breaks down each property by its rent-to-value-ratio (RTV) and the existing debt structures of each. Jason reminds investors to consider depreciation offsets, refi-til-ya-die options and the beauty of renting.

Key Takeaways:

[2:15] If your property doesn’t have good RTV ratios consider selling or refinancing.

[10:43] Vernon has been around property investing his entire life.

[12:00] Vernon needs Jason’s advice about how to handle his parent’s properties.  

[14:23] It doesn’t matter where your property is, RTV ratios are almost always the same.

[17:51] The New York market is a cyclical market and may be on the verge of being overvalued.

[25:12] Jason offers the Refi-til-ya-die as an alternative to selling.

[28:35] Why do we trust the advice of strangers more than we trust the advice of our friends and family?

[32:33] It’s important to examine the existing debt structure of the properties.

[34:09] A 1031 exchange may help offset depreciation taxes.

[36:37] How does an investor know when it’s time to 1031 exchange or to refinance?

Mentioned in This Episode:

Jason Hartman

Jhart88 on Voxer

Real Estate Tools

Welcome to the Creating Wealth Show. This is Episode Number 258, and this is your host, Jason Hartman. Excited to be with you today, as always. Thanks for joining me. Today we’re going to talk about the Secrets of Economic Indicators, with our guest, Bernie Baumohl and he’s written a book on that subject and it’s got a couple of printings, a couple of versions out and I think you’ll really get some stuff out of that, and come learn how to decode what you hear about, what you read about in the news media, and what it means to you as an investor and as an astute financial person.

In this solo episode, Jason reviews articles which depict the current economic state of affairs from coast to coast. In San Francisco, one company is paying employees to move, developers are driving up the cost of homeownership in New York City and the most average city in the US is exactly where you would expect it to be. Jason also reminds us why we shouldn’t be alarmed by rising interest rates because, as he points out, you have to look at the big picture. Money is and will be flowing into the real estate market during the Trump Administration. Don’t let your money be lazy! Contact an investment counselor today.  

If you are a new investor or thinking about investing in income property, visit Jasonhartman.com and watch the video, How to Analyze a Real Estate Deal. It’s free educational material.

Key Takeaways:

[2:09] The measurements used to determine the Most Average City in America.

[7:44] A small tangent turns into a rant about the downsides of Tesla ownership.

[13:49] The Business Insider article about Zapier paying employees 10K to move outside of San Francisco.

[16:16] Developers are swarming in New York City neighborhoods article.

[18:47] Signs money continues to flow into the real estate.

[21:57] The ability to borrow is a great asset.

[28:21] Money will flow into real estate under a Trump Administration.

[29:41] Work with an investment counselor to help build your portfolio.

[33:07] What will cause the rise of the suburbs?

[37:42] Why you should go back and listen to previous Creating Wealth episodes.

Mentioned in This Episode:

Jason Hartman

Real Estate Tools

Articles:

Newser:

This is the Most Average City in America by Michael Harthorne

Business Insider:

The cost of living in San Francisco is so high, a tech company is paying workers to leave by Melia Robinson

‘We’re like cockroaches’: Developers are swarming over emerging neighborhoods by E.B. Solomont

To kick things off, Jason shares a Wallethub article which lists cities with the highest and lowest credit scores. Memphis credit scores are some of the lowest in the US which is why it is a good place to invest in income properties. And, Jason’s guest today is the first banker in history to expose the monumental story of Swiss bank secrecy. When Bradley Birkenfeld became aware of the shady practices of Swiss accounts he went directly to the Department of Justice. What happened after led him to expose the secret connection between the US and Swiss Governments and how taxpayers in both countries foot the bill for the illegal activities of bankers.

Key Takeaways:

[2:05] Details about the upcoming Creating Wealth Seminar and Memphis Property Tour.

[6:20] A Survey by Wallethub lists these cities as having the highest and lowest credit scores.

Bradley Birkenfeld Guest Interview:

[11:54] A history lesson about the beginning of Swiss banking anonymity.

[14:56] The Department of Justice turned Bradley away.

[16:02] The banking system and the federal government are closely related.

[19:00] Secret numbered Swiss accounts allow for non-traceable illegal activities.

[23:22] Bradley was forced to go to the Senate because the DOJ is corrupt.

[26:55] Proof the American people were screwed by the Obama administration.

[28:39] The U. S. Government and the Swiss Government are in bed together.

[33:38] Wikileaks documents show Hillary Clinton was involved in UBS.

Mentioned in This Episode:

Jason Hartman

Lucifer’s Banker

Articles:

2017's U.S. Cities with the Highest and the Lowest Credit Scores.

Jason Hartman gives you a free one hour segment from his Creating Wealth Home Study Course as he discusses "The Ten Commandments of Successful Investing."

Jason and Fernando unpack recent articles from the Washington Post and Wall Street Journal as they relate to the general economy and most importantly, real estate. The first real estate president, Donald Trump may be opening the door to increased money flow in the U.S. through cutting the federal workforce and removing restrictions on community banks. Jason points out the multiple dimensions of real estate and how income properties offer multiple strategies for staying ahead of the market.

Key Takeaways:

[2:00] Jason and Fernando discuss the Washington Post article “Trump Budget is Expected to Seek Historic Contraction of the Federal Workforce.”

[11:53] And, “Trump Pledges to Ease Restrictions on Community Banks.”

[17:26] The 3 Dimensions of Real Estate

[19:27] Charlotte, NC is a great example of a market that softened after investors invested in income properties.

[21:10] Fernando is faced with making decisions about his existing properties.

[23:01] When is it the right time to change Property Managers?

[32:24] Unpacking the Wall Street Journal article “Credit Reports to Exclude Certain Negative Information, Boosting FICO Scores.”

[35:11] Reasons for investors to be bullish right now.

[37:33] It pays to be cautious but most importantly, be smart.

[40:49] Memphis Property Tour is almost sold-out.

Mentioned in This Episode:

Jason Hartman

Venture Alliance Mastermind

Real Estate Tools

administrator@realestatetools.com

This episode includes a recording of a live Q&A session from a Creating Wealth Seminar. The Investment Counselor Panel shares real life examples of how investors benefit from the free education and their hands-on assistance. If you are interested in investing in the most historically proven asset class, income properties this podcast is a great place to start. It also includes the reasons why investors would want to attend a future Creating Wealth Seminar and the benefits of joining the high-level Venture Alliance Mastermind.

Key Takeaways:

[3:09] Venture Alliance wrap-up and details about the upcoming Chicago event.

[10:37] The Memphis Property Tour and Creating Wealth Seminar.

[11:16] Happy 13th Anniversary to the Creating Wealth Seminar!

Live Investment Counselor Panel Part 2 Q&A:

[16:19] The process of finding and vetting a Local Market Specialist.

[19:02] Striking the right balance between A, B and C properties in a portfolio.

[24:13] Amortization of property components.

[27:10] How many properties should I have in one bank account?

[35:59] What benefit do Investment Counselors provide to investors?

[44:20] Do Investment Counselors have different areas of expertise?

[49:28] How to best utilize an Investment Counselor?

Mentioned in This Episode:

Jason Hartman

Venture Alliance Mastermind

Voxer

Property Evaluator Software

Jason Hartman talks with Chris Mayer who is managing editor of the Capital and Crisis and Mayer’s Special Situations newsletters. He also is a contributor to the Daily Reckoning.

Graduating magna cum laude with a degree in finance and an MBA from the University of Maryland, he began his business career as a corporate banker. Mayer left the banking industry after ten years and signed on with Agora Financial. His book, Invest Like a Dealmaker, Secrets of a Former Banking Insider, documents his ability to analyze macro issues and micro investment opportunities to produce an exceptional long-term track record of winning ideas. Mayer’s commentary has been featured by MarketWatch, Russia Today TV, the Atlanta Journal-Constitution, and the Huffington Post. http://dailyreckoning.com/author/chrismayer/

This episode includes a brief history of Jason’s experiences in the real estate market from 2004 to the mortgage crisis of 2008. Jason correctly predicted the crisis and tells us what signs to look for in the future. Then, a live recording of a Creating Wealth Seminar with a panel of Investment Counselors answering real participant questions about mortgage sequencing, the importance of leverage, and common client challenges.

Key Takeaways:

[2:49] Details of the upcoming Creating Wealth Seminar and Memphis Property Tour.

[4:11] Jason predicted the collapse of the mortgage industry way back in 2004.

[11:16] Meeting other investors is one of the best things about attending a live event.  

Investment Counselor Panel Recorded Live:

[14:03] Meet the Panel: Investment Counselors Sara, Carrie, and Oliver.

[20:25] What areas of the process do clients find challenging?

[24:30] During the recession, how did investment counselors help investors?

[27:07]  A lesson in the importance of leverage.

[29:57] The strategy for mortgage sequencing.

Mentioned in This Episode:

Jason Hartman

Venture Alliance Mastermind

Property Tracker Software

The Greatest Management Principle in the World, by Michael LeBoeuf

Jason’s guest is the larger than life, Grant Cardone. Grant is a firm believer in ‘it’s not what you know, it’s who you know’. Grant explains the inspiration behind his book, The 10X Rule, his strategy behind getting the life you want and why becoming rich is the only safe haven in today’s world. Grant recommends making your goals ten times bigger than they currently are and being willing to do whatever it takes to get what you want.

Grant is a New York Times bestselling author, Executive Producer of the reality show, Turnaround King and Host of the Cardone Zone.

Key Takeaways:

[2:26] Venture Alliance Mastermind details.

[7:54] Jason and Naresh discuss the impact the self-driving car will have on real estate.

Grant Cardone Guest Interview:

[20:00] Grant’s new venture Act Like Success is based on committing first and figure the rest out later.

[25:22] The 10X Rule is based on a concept that the goals, targets and actions people are making are low based on their potential.

[27:37] How to stay excited and make your goals 10X.

[29:27] Breaking free of middle-class thinking.

[36:47] Find power in who you know not what you know.

[41:13] You have to do whatever it takes!

Mentioned in This Episode:

Jason Hartman

Venture Alliance Mastermind

Grant Cardone

Tired of Missing Sales

Cardone University

@grantcardone on Twitter

The world of investing involves many considerations. Chief among these are the two “Demons” of investing that must both be defeated in order to realize success. The first demon is risk, and the second is inflation. Risk comes from the fact that future returns are uncertain, and it is not possible to foresee all future events. Investments that seem ‘safe’ may turn out to have hidden dangers that we did not notice. Risk can never be eliminated, it can only be managed. The best way to do this is by properly diversifying your investments so that they are not all subject to the same market shocks. The second demon of investing is inflation. Inflation is especially difficult because it erodes the value of your dollars. Defeating the demon of inflation requires investment in multi-dimensional assets that are optimized to defeat inflation. Income properties meet this criteria well because the property itself holds real value by nature of the replacement cost of the structure, the loan allows you to have a fixed cost of capital for three decades, and the cash flow is pushed up by inflation while you cost structure remains flat because of the fixed-rate financing.

Thomas J. Anderson joins Jason to discuss the value of debt. Mr. Anderson is the Founder and CEO of Supernova Companies and author of The Value of Debt series of books. He has broken down life into four financial stages and gives his recommendations for the amount of debt a person should have at each stage to reach a balance between life span and money span. Mr. Anderson says too many people take on oppressive debt too early in life and the right amount of debt can be a powerful tool.

Key Takeaways:

[1:55] Details of the upcoming Venture Alliance Mastermind in Las Vegas and the Memphis Property Tour.

Thomas J. Anderson Guest Interview:

[5:26] All debt is not created equal.

[6:53] Companies have optimal debt ratios because they value the liquidity, the flexibility and the tax benefits of their strategic debt.

[8:43] Thomas describes the 4 stages of life and the optimal debt recommended for each.

[18:04] People need inflation, appreciation and income on assets working for them over a 30-year period of time.

[20:29] Real estate investors should learn the game of staying power.

[22:13] During economic downturns, those with more debt benefit the most.

[26:33] Debt structured the right way eliminates the need for massive returns.   

Mentioned in This Episode:

Jason Hartman

Venture Alliance Mastermind

The Value of Debt

Supernova Companies

The Value of Debt: How to Manage Both Sides of a Balance Sheet to Maximize Wealth

Single-family homes sales rose in January. This has made income property inventory low. You can find out which properties are available in the sought after Memphis market by joining Jason during the upcoming property tour and Creating Wealth Seminar. Jason shares a live recording from a previous seminar in which he thoroughly explains why investing in a single family home as income property is the only logical investment during an inflationary period. And, if the signs are correct the U.S is entering an inflationary period under the Trump administration.

Key Takeaways:

[1:43] National Association of Realtor’s article about home sales in January.

[5:11] Single-family homes sales are up and inventory is low.

[8:36] The Trump administration is a boon for the economy.

[9:21] A Goldman Sachs report says interest rates will rise.

[15:46] Venture Alliance Weekend and Memphis Property Tour details and dates.

ASSET MATRIX - Recording from Phoenix Live Event

[18:14] Inflation induced debt destruction by way of a mortgage.

[20:21] Jason explains how the government manipulates inflation numbers through hedonic adjustment.

[27:49] The ultimate investing equation.

[35:08] Anything that does not produce income is not an investment.

[36:59] Cash and bonds are destroyed by inflation.

[39:01] The IRS does not account for inflation.

[42:15] During deflationary periods people default on their loans.

[44:38] If you have a corporate job you are paying more taxes than the self-employed.

Mentioned in This Episode:

Jason Hartman

Venture Alliance Mastermind

Longevity and Biohacking Show

On this episode of the Creating Wealth Show, Jason Hartman talks with author and editor, Janet Portman, about becoming a landlord. Whether or not you call yourself a “landlord,” when you rent out a house, you’ll want to do it right!

Ninety percent of small properties are owned by individual landlords, and millions in this group are balancing their landlord responsibilities with their daytime careers. Tune in as Jason and Janet discuss everything from landlord business basics and finding good tenants, to complying with applicable rental laws and dealing with problem tenants.  Janet Portman, author, attorney, and nationally recognized specialist in landlord/tenant law, is managing editor at Nolo, the nation’s recognized leader in providing legal information for consumers and small businesses.

Portman oversees editorial work on all Nolo books and software. She is the author or co-author of Every Landlord’s Legal Guide, Every Tenant’s Legal Guide, and LeaseWriter Plus software, plus six other books, all published by Nolo.

As an expert in legal issues related to landlords and tenants, Portman has appeared on national television and radio and has been quoted in the New York Times, Wall Street Journal, Kiplinger’s, Smart Money, the Los Angeles Times, and other publications. She has also spoken on related topics such as disputes involving neighbors and pets. Before joining Nolo in 1994, Portman was a public defender for the California State Public Defender’s office, representing clients at the trial, appellate, and state Supreme Court levels. Portman received undergraduate and graduate degrees from Stanford University and a law degree from Santa Clara University.

Jason shares the details for the Creating Wealth Seminar and Property Tour in Memphis, the Venture Alliance Mastermind in Las Vegas and what not to buy from your favorite local coffee shop before introducing guest, Julie Benezet. Julie is the Founder and Managing Principal of Business Growth Consultants and former Director of Global Real Estate at Amazon.com. She joins Jason to give us a behind the curtain look at Amazon’s fascinating build out and philosophy. Julie also shares key points from her new book, The Journey of Not Knowing: How 21st Century Leaders Can Chart a Course Where There is None.

Key Takeaways:

[1:42] Jason wants you to live long enough to enjoy the fruits of your investments.

[5:28] A Creating Wealth Seminar and Property Tour is set for the end of March in Memphis, TN.

[6:49] Harry Dent has made some crazy predictions and will come back on the show to explain them.

[13:30] Information for the Venture Alliance Mastermind: Your Financial Friends event in Las Vegas.

Julie Benezet Guest Interview:

[17:01] Julie details her business planning efforts at Amazon.com.

[21:55] Amazon’s ‘Get Big Fast’ mantra required employees who knew the rules of distribution.

[24:40] How Amazon chose locations for their fulfillment centers.

[28:17] Unpacking Julie’s book to understand the 4 steps required to do business in the 21st century.

[34:59] Julie reviews the 4 steps.

[35:56] Germany was the location of Julie’s defining moment as a leader.

[42:35] Pay attention to your customers!  

Mentioned in This Episode:

Jason Hartman

Creating Wealth Seminar and Property Tour in Memphis

Venture Alliance Mastermind

JHart88 on Voxer

Foundation for Economic Education

Business Growth Consulting

The Journey of Not Knowing

Jason details an exclusive new financing option for income property investors which is now available as it has never been a better time to lock in a rate. Trump, the first real estate president, may be good for business but he will usher in inflation and rising interest rates. Also, Joe describes the changes Fannie Mae recently announced. They are now allowing investors to put 20% down on their first 10 properties, but with caveats. The important thing to remember is that once you own the property you have options.

Key Takeaways:

[3:03] Details for the next Venture Alliance Mastermind in Las Vegas.

[5:02] An exclusive financing offer for income property investors.

[8:02] Owning the paper and being the lender is Jason’s second favorite asset.

[17:07] When you are a real estate investor your tenant is your customer.

[18:01] Jawad Mian writes “Check your biases at the door; Trump is good for business.”

[21:44] Vancouver, British Columbia is experiencing a bubble, sales have plummeted by 40%.

[26:15] Fannie Mae allows borrowers to put 20% down or the first 10 properties.

[28:28] Interest rates are rising so lock the rate on your property rate now.

[33:22] 85-90 days in the maximum time to lock in a rate.

[34:53] Joe explains loan level price adjustments to rate.

[37:07] The Trump administration may replace the head of the Consumer Financial Protection Bureau.

[42:00] The ease or difficulty of qualifying for a loan.

Mentioned in This Episode:

Jason Hartman

Venture Alliance Mastermind

Stray Reflections by Jawad Mian

Jason reveals how you can actually profit from prudent borrowing. Then Jason and Ben, a local businessman and caterer, discuss inflation and rising food prices.

Jason seeks to empower his investors with tools to assist them with self-managing their properties. The team offers complete solutions including inventory, property management tools and now exclusive financing with terms you will appreciate. Jason’s guest today is the founder of Rentec Direct, Nathan Miller. Nathan says his company is a client-focused program with a sweet spot of investors with 2-20 income properties.Tenant screening, automated payments and a property manager access option makes the tool accessible and easy to use.

Key Takeaways:

[1:38] Investor empowerment allows investors to control things in a positive way.

[4:09] The 3 major problems stemming from relinquishing control.

[5:55] The pathetic banks charge countless fees and don’t even pay interest anymore.

[20:38] Ask your Investment Counselor about our exclusive financing with reasonable fees.  

Nathan Miller Guest Interview

[25:07] Rentec Direct’s average client is an investor with 2-20 properties.

[27:06] The Rentec tool is designed to make a landlord’s life easier.

[32:16] Tenant screening is via Trans-Union.

[37:13] Rentec PM has the option to open an owner/investors portal and is 20% more.

[41:42] What differentiates Rentec Direct from their competition?

[47:17] Live chat support is available within the program.

Mentioned in This Episode:

Jason Hartman

Cozy

Rentec Direct

Jason welcomes Muthiah Nachiappan to the show. Muthiah is a client with 9 properties and an avid property management contract reader. He discusses his self-designed Property Management Survey, the garbage fees most property owners pay but don’t question and how he became interested in income properties. For property owners, Jason shares 4 options for property management and then the 3 options property management companies have if they want to stay in business and service their customers.

Key Takeaways:

[2:44] Property Management contracts always favor the person who is drafting them.

[4:06] Jason wants to disrupt the property management business through self-management, a la carte services and flat fee property management.

[7:38] How Muthiah get interested in income properties.

[11:28] Muthiah explains his Property Management Survey.

[16:01] A flat fee system gives the property manager an agreed upon percentage of any money that comes in.

[21:30] These 4 options for property management should be available to every property owner.

[26:52] Property management companies need to change their business model to provide a hybrid option.

[31:21] Let your property management company know that you are an educated and aware investor.

[33:48] Muthiah shares his future investment plans and his retirement objectives.  

Mentioned in This Episode:

Jason Hartman

Jason talks with Harvey Mackay author of the New York Times #1 bestsellers Swim With The Sharks Without Being Eaten Alive and Beware the Naked Man Who Offers You His Shirt. Both books are among the top 15 inspirational business books of all time, according to the New York Times. In total, Harvey’s books have sold 10 million copies worldwide, been translated into 37 languages and sold in 80 countries.

Harvey is a nationally syndicated columnist for United Feature Syndicate, whose weekly articles appear in 52 newspapers around the country, including the Chicago Sun Times, Rocky Mountain News, Orange County Register, Minneapolis Star Tribune and Arizona Republic. He also is one of America’s most popular and entertaining business speakers. Toastmasters International named him one of the top five speakers in the world. At age 26, he purchased a small, failing envelope company in 1959 which has grown to a $100 million business employing over 600 people. MackayMitchell Envelope Company is one of the nation’s major envelope manufacturers, producing 25 million envelopes a day. As chairman, Harvey’s philosophy is engrained in the company, beginning with its motto: Do what you love, love what you do and deliver more than you promise.

Jason kicks this episode off with a financing offer for investors who have reached their Fannie/Freddie financing limit or are looking for an alternative to high-fee hedge fund loans. And later during the interview, the Executive Chairman of the Ayn Rand Institute, Dr. Yaron Brooks offers up his in-depth look at President Obama’s and President’s Trump’s governing styles. Dr. Brooks is the author of the best-selling book Equal is Unfair: America’s Misguided Fight Against Income Equality. He believes deregulation, decreasing taxes and shrinking government spending are the corrects paths to make the US government serve the American people in the manner intended by our forefathers.

Key Takeaways:

[2:10] Jason offers a limited supply financing opportunity, you can’t refuse.

[8:20] Trump’s temporary immigration ban is upsetting tech executives.

[15:54] Investing in paper investments when inventory is limited.  

Dr. Yaron Brook Guest Interview:

[19:16] Ayn Rand understood our culture so well she was able to predict the financial future.   

[23:04] What does Dr. Yaron Brook think about Trump?

[32:19] The president should be massively deregulating the US economy and shrinking government spending.

[40:32] Ayn Rand believed Libertarians didn’t focus enough on individualism.

[42:21] Altruism is the idea that a person should live for the sake of other people.

[45:29] Dr. Brook believes technology is the true reason for the loss of manufacturing jobs in America.

Mentioned in This Episode:

Jason Hartman

Refi 'Til Ya Die!

Ayn Rand Institute

Yaron Brooks Podcast

Equal is Unfair: America’s Misguided Fight Against Income Equality

Jason kicks off this episode with a reminder about the support he and his team gives their clients and his thoughts about the Trump administration and the forthcoming inflation. Guest Chris Porter is the coauthor of Big Shifts Ahead and the Vice President and Chief Demographer at John Burns Real Estate Consulting. Chris explains how demographic issues affect the real estate market, the economy and business cycles.

Key Takeaways:

[1:42] Advocating for clients is what sets Jason and his team apart from other real estate groups.

[7:03] Jason only does business with top-shelf vendors.

[9:14] An upcoming Memphis property tour?

[11:53] The inflationary economy and the real estate market should do well under the Trump administration.

[17:35] Income property is a multi-dimensional asset.

Chris Porter Guest Interview:

[24:05] Chris dives into the new book Big Shifts Ahead: Demographic Clarity for Businesses.

[26:37] Chris lists the nicknames given to generations which were based on the shifts they ushered.

[35:10] A generation is more likely to act like their grandparents than their parents.

[36:06] The impending shadow demand on the housing market.

[38:25] Immigration has fueled one-third of the population growth in the U.S.

[40:41] John Burns Real Estate consulting estimated home ownership will fall below 61% over the next 10 years.

[44:07] Southern markets are offering incentives to businesses for relocation.

[45:42] Defining urban, suburban and rural communities.

[50:16] Surban - Bringing the best urban qualities to a traditional suburban environment.

Mentioned in This Episode:

Jason Hartman

John Burns Real Estate Consulting

Big Shifts Ahead

The lending regulations have changed drastically within the past two years, causing investors quite a headache when attempting to buy America’s most tax-favored investment, income properties….

Jason’s curiosity leads him down the path of celebrity net worth. The numbers he uncovers are not what you might think. And, during the guest interview, David Pogue shares simple life hacks for making money in the sharing economy and how to get free stuff. David is the founder of Yahoo Tech, a technology columnist and correspondent for Scientific American and CBS Sunday News morning. He is the former tech columnist for the New York Times and the host of PBS’s NOVA. David is a four-time Emmy winner, a two-time Webby award winner and author of several books including his new release, Pogue’s Basics: Money.

Key Takeaways:

[4:38] How much are they worth? Looking at the income versus net worth of the rich and famous.  

David Pogue Guest Interview:

[16:42] David Pogue describes the Pogue book series.

[18:38] Pogue’s Basics: Money is basically a book of financial life hacks.

[22:40] The psychology of money.

[28:00] The sharing economy is changing lives.

[32:14] The Internet of Things is not winning over the market.

[35:50] The Consumer Electronics Show will feature wearable medical trackers and voice controlled apps.

[39:30] Apple has recently put its best foot forward in voice-controlled tech.

[41:08] David Pogue is busy writing his new books.

Mentioned in This Episode:

Jason Hartman

Creating Wealth #784 - Packaged Commodities

Holistic Survival Show

Celebrity Net Worth

David Pogue

@pogue - David Pogue on Twitter

Yahoo Tech

During today’s episode, Jason shares his appreciation for the ability to self-manage rental properties and the disintermediation of single family home sales. The Chief Product Officer for Key Please, Adam Lorentzen joins Jason to describe the sought after service of landlord free, self-showings of rental properties. The Key Please business model focuses on automating the self-management process for owners as well as making the process as easy as possible for renters.  

Key Takeaways:

[1:34] Self-managing a property from a distance is possible.

[4:16] Wall Street Journal article “Blackstone Wins Fannie’s Backing for Rental Home Debt”.

[7:20] President Trump has a lot of energy and will be good for the American economy.

[11:21] We will soon see the easing of landlord problems.

Adam Lorentzen Guest Interview

[16:05] Key Please helps owners automatically self-manage their properties with 3 tools.

[21:33] Adam is surprised by the number of users embracing the Key Please service.

[23:42] Adam describes the process for the renter and the property owner.

[29:10] The simple hardware has a deeper level of security than wifi or cell-based systems.

[31:56] People who view the properties can provide anonymous feedback.

[33:20] This service is for property owners who want flexibility in how they manage their properties.

[36:51] Key Please wants to assist small property owners and renters in the near future.

Mentioned in This Episode:

Jason Hartman

Key Please

Platinum Investment Counselor, Sara, brought a client into Jason’s office today and one of those occasional, casual and impromptu shows was born. If you want to hear it from the client’s mouth to your ears, this show is for you. Learn from a short discussion on global trade, container shipping, Packaged Commodities Investing™ and what a “free lunch” can mean to your income property. Yes, our client David Porter introduces the “free lunch” metric to help evaluate investment property.

On the next show, Jason discusses business success and the law of attraction with One Coach Founder, author and star of global best-seller “The Secret” – John Assaraf. Happy Investing!

Jason’s guest, Patrick Donohoe is the CEO of Paradigm Life. Paradigm Life is an insurance-based financial services company. Patrick shares his thoughts on the recent political changes and how the U.S. economy will be affected, he shares his thoughts on the new administration with a high-level worldview and he recalls his recent experience at the Meet the Masters of Income Property event in California.

Key Takeaways:

[3:05] The caliber of people at the Meet the Masters of Income Property event was a high point.

[5:52] Foxconn will bring manufacturing back to the U.S. due to Trump’s business savvy.

[12:28] Patrick doesn’t believe charity to foreign nations is in the best interest of the U.S.

[16:23] It will be fascinating to see how Trump deals with the past, present and future.

[20:49] Trump will inject adrenaline into the U.S. economy.

[23:50] Paradigm Life is an insurance-based financial services company.

[28:18] A stock market rally is a short-lived business cycle.

[30:51] Patrick describes how he makes the right investment and performs due diligence when acquiring properties.

Mentioned in This Episode:

Jason Hartman

Venture Alliance

Paradigm Life

Jason welcomes entrepreneur Michael Quarles to discuss the new Trump administration and the U.S. economy. The first real estate president will have an effect on real estate investors, interest rates, tax brackets and the amount of extra cash we all have in our pockets but to what extent? Michael and Jason speak of the good old days of simple interest rates, small government and inaugural speeches of the past.

Key Takeaways:

[1:33] The lesser of two evils took office and his inaugural speech mirrored the famous speeches of the past.

[6:21] The idea that government should be less powerful and people should be more powerful started back with the Magna Carta.

[8:36] Will the Trump administration be good for real estate investors?

[9:56] Higher wages translate into higher real estate prices and stable tenants.

[13:35] A mortgage locks you into a rate for 3 decades!

[15:24] The Meet the Masters Event stressed Jason out a bit.

Michael Quarles Guest Interview:

[19:39] Michael believes the tax bracket will go down allowing him to invest more under the Trump administration.

[24:11] Whether it is passive income or ‘wholetaler’, an entrepreneurial mindset is the key to success.

[26:57] Will average consumers have more money in their pockets when interest rates rise and tax rates lower?

[29:47] Rents are climbing higher than a mortgage payment in larger markets.

[31:02] The Yellow Letter Business is exclusively real estate focused.

[35:39] Professional real estate investors aren’t afraid of risk.

[38:01] Michael Quarles is excited about what the future holds.

[42:13] If you think you can, you are right.  

Mentioned in This Episode:

Jason Hartman

Michael Quarles

Originally aired as CW 781

In this impromptu show Jason interviews his mother, Joyce, on her simple low-tech approach to investing in income properties.

Hear Jason’s mom share her experiences parlaying a low income job and a small $12,000 investment into a $7,000,000 portfolio that generated a net income of well over $200,000 annually (and rather passively) at retirement… not including tax benefits!  You can create wealth and passive income the old fashioned way or accelerate the process with our modern strategies.  Either way, it’s all about passive checks in your mailbox every month.  While the journey of a real estate investor is usually fun and easy, there may be trials and tribulations while buying and managing your portfolio. Like the tortoise and the hare, slow and steady wins the race.

The time will pass anyway, why not put time on your side by holding income properties?  The motto to live by; “Don’t wait to buy real estate, buy real estate then wait!”  Remember – life is a marathon, not a sprint; and if you want a surefire road to success, then don’t lose sight of the big picture.

This 10th episode features the brilliant Jen Sincero. Jen is the author of the New York Times #1 bestselling book, You Are a Badass: How to Stop Doubting Your Greatness and Start Living an Awesome Life and the upcoming release, You Are a Badass at Making Money. Jen shares how she was able to change her mindset, her self-talk, her energy and how embracing gratitude led her to financial security. Her message will inspire you to start living your awesome life.   

Key Takeaways:

[2:36] Thank you to the lovely Taylor for recommending Jen Sincero’s book.  

[5:31] The 19th Meet the Masters of Income Property event information.

Jen Sincero Guest Interview:

[10:08] The key ideas of Jen’s You are a Badass book.

[11:16] How staying in your comfort zone you aren’t getting anywhere.

[12:47] Jen’s personal and financial transformation.

[15:47] How does someone change their internal dialogue?

[19:10] God is the ‘G’ word.

[21:23] We choose the direction of our lives whether purposely or unpurposely.

[23:46] Jen explains the chapter, Lead with Your Crotch.

[26:42] Jen’s new book deals with the judgments and mindsets we have surrounding money.

Mentioned in This Episode:

Jason Hartman

Meet the Masters of Income Property Live Event

Jen Sincero

@jensincero on Twitter

The Jen Sincero on Facebook

Even in the face of rising interest rates and the current business cycle, Jason is still bullish when it comes to investment opportunities during the upcoming Trump administration. The future of the investment economy will be discussed during the next Meet the Masters Live Event. Today’s guest Gerald Celente makes his third appearance on the Creating Wealth podcast. Gerald is the Founder of the Trends Research Institute, Publisher of Trends Journal and Editor of Agora Financial’s Breakthrough Technology Alert. The previously pessimistic trends analyst has changed his outlook on America’s economic future by 180 degrees in the direction of positive.

Key Takeaways:

[1:32] Gerald Celente has turned his economic outlook by 180 degrees.

[2:40] Jason is bullish about the investment opportunities during a Trump administration.

[5:08] Rising interest rates and the general business cycle are two things that may be a concern to the economy.

[7:22] Info for the Meet the Masters of Income Property Live Event and Live Stream.

[9:17] Analysing WSJ’s article Trump’s Win Fuels Bets on Inflation, US Today and RT articles.  

Gerald Celente Guest Interview:

[16:40] All over the world people vote out what they want out.

[18:21] The current shift is a shift away from big government not towards Socialism.  

[20:23] The Businessman-in-Chief is a bottom line guy.

[21:49] The media world, the political world and the real world.

[26:20] It’s time to take advantage of opportunities and play the “Trump” card.  

[28:46] The U.S. needs to become a self-sustaining economy.

[32:44] The Fed’s will raise interest rates several more times.

[38:00] Will there be war under a Trump administration?

[40:22] Closing thoughts and contact information for Gerald Celente.  

Mentioned in This Episode:

Jason Hartman

Meet the Masters of Income Property Live Event

Occupied Peace

Trends Research

Jason Hartman welcomes Ronald Reagan to the show to share a moving Christmas story. Next, some mortgage financial planning illustrated by “A Tale of Two Brothers” by Ric Edelman who has educated his clients for years on the benefits of integrating their mortgage into their overall financial plan.In his book, The New Rules of Money, Ric tells the story of two brothers, each of whom secures a mortgage to buy a $200,000 home.

Each brother earns $70,000 a year and has $40,000 in savings. The first brother, Brother A, believes than half the nation’s banks failed and millions of homeowners, unable to raise the cash they needed to payoff their loans, lost their homes. Out of this the American Mantra was born: Always own your home outright. Never carry a mortgage. The reasoning behind America’s new mantra was really quite simple: if the economy fell to pieces, at least you still had your home and the bank couldn’t take it away from you. Maybe you couldn’t put food on the table or pay your bills, but your home was secure.

Since the Great Depression laws have been introduced that make it illegal for banks to call your loan due. The bank can no longer call you up and say, We’re running a little short on cash and need you to pay off your loan in the next thirty days.Additionally, the Fed is now quick to infuse money into the system if there is a run on the banks, as we saw in 1987 and Y2K. Also, the FDIC was created to insure banks. Still, it’s no wonder the fear of losing their home became instilled in the hearts and minds of the American people, and they quickly grew to fear their mortgage. In the 1950’s and 60’s families would throw mortgage burning parties to celebrate paying off their home. And so, because of this fear of their mortgage, for nearly 75 years most people have overlooked the opportunities their mortgage provides to build financial security.

The upcoming 19th Meet the Masters of Income Property live event is upon us. With big name speakers like G. Edward Griffin, Garrett Sutton and Darin Bloomquist, this event is to be worth more than 5x’s the cost of the ticket. Jason’s guest today is an income property investor and one of the very first Venture Alliance Mastermind members. Elisabeth Embry started investing in real estate after realizing a high-paying position is great as long as you have it. She and her husband knew they would need to address their future income. She shares her story and the best elements of Meet the Masters and the Venture Alliance Mastermind.  

Key Takeaways:

[1:34] G. Edward Griffin, Garrett Sutton and Darin Bloomquist will be speaking at the Meet the Masters of Income Property Event.

Elisabeth Embry Case Study

[6:27] Elisabeth’s work focuses on large scale program management and business management.

[8:42] The Rich Dad, Poor Dad and The Millionaire Next Door books influenced Elisabeth’s decision to invest in income property.

[11:13] A good property manager is worth their weight in gold.

[15:05] Property Managers and Local Market Specialists can get complacent.

[17:34] This Meet the Masters of Income Property Event will have increased audience participation.

[21:02] Local Market Specialists have so much good information to share during the Meet the Masters.

[21:51] Elisabeth enjoys networking with the like-minded community of real estate investors at the Meet the Masters of Income Property event.

[24:27] The Venture Alliance Mastermind helps leverage the lessons other people have already learned.

[29:41] The quality of the presenters are world caliber business leaders.

[32:10] Elisabeth and her husband are continuing to expand take advantage of Jason’s network.

Mentioned in This Episode:

Jason Hartman

Meet the Masters of Income Property Tickets

Jason reminds us about the upcoming Meet the Masters of Income Property Live Event in lovely Irvine California. A special inventory of properties is being withheld from JasonHartman.com so attendees can purchase vetted income properties at the event. Jason’s guest on today’s podcast is Tom Schatz. Mr. Schatz is the President of The not-for-profit Citizens Against Government Waste (CAGW) and it’s lobbying affiliate, Council for Citizens Against Government Waste (CAGW). The group publishes the annual Congressional Pig Book to highlight areas where Congress mismanaged taxpayer dollars in the previous year. Jason immediately made a donation to this organization after the interview and if you care about holding Congress members accountable, maybe you should too.   

Key Takeaways:

[1:44] Irvine, California is the site of the 19th Meet the Masters of Income Property Event.  

[5:22] Electric vehicles may help eliminate the constant noise that surrounds us.

[7:35] The Consumer Electronics Show proves it is an amazing time to be alive.

[10:13] Why is the inventory on JasonHartman.com so low?

Tom Schatz Guest Interview:

[13:03] CAGW earmarks 5.1 billion dollars in 2016 in the Congressional Pig Book.

[14:32] Before 2008, Congressional members were not required to put their name in Appropriations Bills.

[18:04] Mismanagement of taxpayer dollars is the number one problem with how Congress spends.

[19:50] Trump will give a different perspective to the highest office in the land.

[21:22] Are term limits a solution to pork barrel spending?

[22:42] Transparency helps illuminate the problems in Washington, D.C.

[24:56] How to Get Involved with Citizens Against Government Waste.  

Mentioned in This Episode:

Jason Hartman

Meet the Masters of Income Property Tickets

Citizens Against Government Waste

Council for Citizens Against Government Waste

Originally aired as CW 459

Jason still has remaining tickets to the Meet the Masters event. Remember, this will be the sweet 16 Meet the Masters event and there will be a lot of insightful experts at the conference. Do not miss out! In Jason’s Creating Wealth intro, he talks a little bit about the book The Future of the Mind by Michio Kaku and what he has learned from it. Today’s guest is a case study of one of Jason’s clients, Fernando. Fernando talks about his success in real estate as well as shares to the audience a bit about his background and where he came from.

The 19th annual Meet the Masters of Income Property is just three short weeks away. This revamped event will feature breakout sessions, top shelf speakers and in-depth discussions about what the rising inflation rates will mean for real estate investors. Jason’s guest is John Simpson. Mr. Simpson invested in the trailblazing Rent Reporters before it’s official launch because he believed in the business model. He now runs the company as CEO and is the corporate cheerleader to this fairly new, progressive company. Mr. Simpson shares the benefits of his service to both renters and landlords, how to participate in the process and testimonials about the benefit to those this service has affected positively.

Key Takeaways:

[2:01] Rising interest rates is just one of the subjects we will be discussing at the Meet the Masters of Income Property Event.

[3:36] Erin sent in an article from the Kiplinger Letter about the future of the economy and inflation.  

[9:49] What will Trump do to light the economy on fire?

[13:20] Garrett Sutton will be speaking at the 19th Meet the Masters Event.

John Simpson Guest Interview:  

[16:54] Before Rent Reporters there was no mechanism for tenants to get credit for their on-time rent payments.

[18:35] The benefit to renters is clear, but what is the benefit for landlords?

[20:05] This service makes the renter more accountable.

[21:36] The top 3 factors that determine a credit score.

[24:54] Many renters have no credit score or they are invisible.

[27:16] A landlord will be able to see renter’s payments for the past two years.

[32:27] Landlords are incented monetarily to get new clients for Rent Reporters.  

[38:22] The statistics that back the Rent Reporters business model.

Mentioned in This Episode:

Jason Hartman

The 3 Dimensions of Real Estate

Rent Reporters

Welcome to Creating Wealth 2017! The most important takeaway from today’s conversation is to start investing in real estate income properties now. If you already have an existing portfolio beef it up. Time is short and the longer you own a property the more money you make. Preserve your financial future. On today’s show,  Jason brings Naresh back after an 8-month absence to discuss the benefits of smoking, the problem with the financial media in the U.S. and the farce which is making money on tax liens and deeds.  

Naresh also shares his findings from his recent trip to Cuba.

Key Takeaways:

[1:35] If you haven’t started your real estate portfolio and secured your financial future the best day to do it is today.

[5:03] The benefits of smoking include being social.

[14:00] Thinking critically and holding opposing thoughts on the same subject shows a high level of intelligence.

[15:56] Drinking the kool-aid is easier than doing your homework when investing.

[17:34] The problem with the financial media is the people delivering the news are not business people.

[24:37] How to make money from investing in tax liens and deeds and why it’s not a good idea.  

[35:11] Naresh shares his experiences from his recent visit to Cuba.

[42:28] One of the few things Obama did that Jason agrees with is opening up Cuba.

Mentioned in This Episode:

Hartman Media

Jason Hartman

Creating Wealth Episode 417

Biohacking and Longevity Show

Holistic Survival Podcast

Venture Alliance Mastermind

Meet the Masters of Income Property

On this show we’ll hear from Paul Harvey, Jim Rogers, Ron Paul and truth challenged Ben Bernanke about commodities investing and the virtues of trading fake dollars for real assets.

The population of the millennial generation is more abundant than even the baby boomers. Millennials are mobile, they wait until later to marry and they thrive in the sharing economy. Jason kicks this episode off by delving into the statistics surrounding this massive group of consumers.  

Jason’s guest today is the well-known, co-host of Fox News Channel’s, The Five, Kimberly Guilfoyle. Kimberly contributes to the O’Reilly Factor, Hannity and she is a guest host for On the Record with Greta Van Susteren. Kimberly is the author of the bestseller, Making the Case: How to Be Your Own Best Advocate. During this down-to-earth episode, Kimberly shares her path from prosecutor to TV personality, author and advocate.  

Key Takeaways:

[2:07] Statistics on the millennial housing market and their affinity towards the sharing economy.

[8:03] Unpacking the Investor’s Business Daily article Diversifying the Suburbs.

[16:06] January’s Meet the Masters of Income Property Event details.

Kimberly Guilfoyle Guest Interview:

[18:40] Kimberly is originally from San Francisco and now resides in New York City

[22:46] Kimberly believes it’s important to do something you are passionate about.

[24:27] Why it is important to surround yourself with people who are uplifting.

[26:07] You can do quite well taking calculated, sound risks in real estate.

[28:06] Finding contractors you can partner with is a big deal.

[29:04] Kimberly recalls meeting Gavin Newsom and the power of great love.

[33:34] Turning your skills into advocacy.

Mentioned in This Episode:

Jason Hartman

Meet the Masters of Income Property Event details

Kimberly Guilfoyle

Making the Case: How to Be Your Own Best Advocate

Let’s call this one the “Non-Show” where you can hear some quick highlights of past shows and forward the five-minute “demo reel” to friends and family.

Upcoming shows include: Addison Wiggin, editorial director and publisher of The Daily Reckoning and executive publisher of Agora Financial and cash flowing, turn-key income property opportunities in Dallas, TX.

Jason speaks with Bob Pozen about possible changes in the real estate market under a Trump administration. Changes in legislation and regulations may lift up small to medium sized banks and increase the amount of lending by the biggest banks. Bob Pozen is a Senior Lecturer at MIT’s Sloan School of Management, a Senior Research Fellow at the Brookings Institute and former Associate General Counsel for the SEC. Bob has authored two books Extreme Productivity and Too Big to Save which is discussed during today’s podcast.   

Key Takeaways:

[2:04] The historic change in the leadership of the U.S. Government.

[3:50] Remember to register for the 2017 Meet the Masters Event slated for January.

Bob Pozen Guest Interview:

[6:11] Legislation that may be changed through banking system while Dodd-Frank is left as is.

[9:50] There has been too much regulation on small to medium sized banks.

[11:33] The problems are Fannie Mae and Freddie Mac are they were never public nor private.

[15:13] The FHA and VA insure 100% of the mortgages made by banks.

[15:55] More money flowing into the real estate market will cause an upward pressure on prices.

[18:46] Home buying increases when rates start to go up but then level out.

[19:28] Pozen was chosen by President Bush to join a bipartisan commission to strengthen Social Security.  

[21:00] Security and Exchange Commission has constraints regarding employees working for corporations after their service.

[23:22] Getting to the gist of Bob Pozen’s book Too Big to Fix.

[25:59] Peer-to-Peer lending is pretty much unregulated.

[27:38] As the economy strengthens banks should lend more.

Mentioned in This Episode:

Bob Pozen

Jason Hartman

Jason Hartman Events

What a treat! Jason leads us into this episode revealing the possibilities available to the real estate market under our first US real estate president and reminds us the Fed has only raised the interest rate twice in the last decade. The political cartoon Christine sent in will have you laughing until the next great episode of Creating Wealth. This episode finishes like a fine wine with Jason’s personal recording of the sensational Leann Rimes answering questions from a private group and then wowing the crowd by belting out an amazing Amazing Grace.  

Key Takeaways:

[2:24] Can you imagine Leann Rimes singing Amazing Grace acapella right in front of you?

[4:50] The first real estate President could repeal Dodd-Frank.

[7:09] The multi-dimensional asset class that is income producing real estate.  

[10:10] What caused the 2008 Great Recession?

[11:25] Christina sent Jason a great political cartoon.

[16:07] You should start thinking of aging as a disease.

[20:48] Align your financial interest with the powers that be!

[23:55] Leann Rimes answers audience questions and sings Amazing Grace.

Mentioned in This Episode:

Jason Hartman

Originally aired as CW 132

Investors are convinced they cannot trust Wall Street to deliver the American Dream of financial security and independence. The same investors know Packaged Commodities™, in the form of income properties, are the best method to achieve this American Dream. Eighty-five percent of wealthy Americans created their fortunes this way. Since the real estate crash in 2007, our nation has changed the once under-regulated lending requirements to extremely strict mortgage qualifications in hopes of avoiding another crash in the future. This attempted fix has not only stopped the irresponsible individual from placing themselves in a loan they cannot afford, but it unfortunately bottle-necked the ability for responsible real  estate investors to purchase lucrative income properties and take advantage of historically low pricing and interest rates.

To inform investors on the latest lending situations, Jason Hartman welcomes registered financial consultant and mortgage professional, Randy, to this episode of The Creating Wealth Show. With over 22 years of experience in the mortgage industry, Randy has personally assisted thousands of individuals obtain mortgage loans for their primary or income property needs.

Upcoming shows will feature: Nancy Marmolejo, one of the top 50 most powerful and influential women in social media and award winning founder of Viva Visibility.

The market is moving and it seems to be moving in the right direction for real estate investors. The historical average for appreciation for single family homes is ~6% nationwide. If you are already an income property investor, the good news is rents may be pushing upward. Jason’s guest today is the author of the new book, Global Shocks: An Investment Guide for Turbulent Markets. Nick Sargan is Senior VP and Chief Economist at Fort Washington Investment Advisors. He is a former economist at Morgan Guaranty trust, Salomon Brothers, Prudential Insurance and JP Morgan. He shares his insights about how the markets will react to a Trump presidency.

Key Takeaways:

[2:50] Large corporations take advantage of customer’s time and call center workers are drones.

[8:45] The flawed cap rate is an evaluation of a property’s performance minus appreciation and leverage.

[14:45] The annual Meet the Masters of Income Property Event is in January.

Nick Sargen Guest Interview:

[16:55] President-elect Trump may lead the US with a pro-business stance.

[20:27] Trump is a spender which could lead to higher interest rates.

[22:35] Nick Sargen worries about Trump’s trade issue.

[25:21] Budget deficits do not mean inflation.

[27:58] Trump will be a pro-growth, real estate president.

[30:50] The market is moving with the belief that all of Trump’s policies will promote growth.

[33:40] Diving into the Global Shocks: An Investment Guide to Turbulent Markets book.

[36:14] How to capitalize on a bubble.

[39:58] Financial institutions have led the way during the current stock market rally.  

Mentioned in This Episode:

Jason Hartman

Jason Hartman - Inflation Induced Debt Destruction Podcasts

Nick Sargen

Global Shocks  

No one but Jason seems to be saying it but Donald J. Trump is America’s first real estate president. It’s true his presidency may bring inflation but it’s ok because many real estate investors already have their debt locked up for three decades. Jason’s guest on today’s podcast is Nick Adams. Nick is the Founder and Executive Director of FLAG, The Foundation for Liberty and American Greatness. He also works as a columnist for Townhall.com. He is a former Centennial Institute Policy Fellow. Nick discusses his bestselling book, The American Boomerang: How the World’s Greatest Turnaround Nation Will Do It Again and his belief that Trump will be America’s next great president for four and possibly even 8 years.

Key Takeaways:

[1:18] Get yourself to a low or no income tax state.

[2:02] Jason’s 9-day travel adventure including the Venture Alliance Mastermind and Freedom Fastlane.  

[6:50] Trump is the first US real estate president.

[8:22] The deflationary effects of technology, Hartman’s Theory of Relativity and the recovery of the US economy.   

[15:24] Investors who already have their debt locked in shouldn’t care if rates up.

[18:22] Meet the Masters is filling up, get your tickets for

Nick Adams Guest Interview:

[20:51] The American Boomerang included what Nick Adams thought needed to happen for an American Renaissance.

[22:41] Nick Adams read The Art of the Deal when he was 11-years-old and he publicly supports Trump.

[26:40] Unlike in Australia, the Tall Poppy Syndrome does not apply in the US.  

[31:12] There are four ways America is considered to be exceptional culturally, militarily, economically and scientifically.

[34:31] People need to be confident for the economy to be roaring.

[35:30] These are the 5 things America needs to do to economically boomerang.  

[39:18] Will the next 4 years under President Trump bring wealth for America?

Mentioned in This Episode:

Jason Hartman

Meet the Masters of Income Property Tickets

Venture Alliance Mastermind  

FLAG USA

Today on the Creating Wealth show, Jason returns from the Meet the Masters event and tells his listeners that he still believes that investing within the United States is your best option as oppose to internationally. He also introduces his guest Dr. Ben Carson on the show where they talk about the medical system, debt, big government, and Ben’s latest book entitled One Nation.

To start things off, Jason shares his thoughts on what a Trump presidency may look like for real estate investors, how Trumps trade policies will affect the markets and how aligning your interests with the Federal Reserve allows investors to game the system. Today’s guest Dr. Robert Johnson is the President and CEO of the not for profit American College, author of the books, Invest with the Fed: Maximizing Your Portfolio Performance by Following Federal Reserve Policy, Strategic Value Investing and the study What to Expect When You’re Electing. Dr. Johnson shares his insights to long-term market strategies, what political harmony means for the stock market and how asset classes perform in a changing interest rate environment.

Key Takeaways:

[1:15] The intimate setting and the speakers made the Venture Alliance Mastermind a success.

[4:02] Second only to Donald Trump, Real Estate mogul Ken McElroy joined in the discussion.  

[9:41] Meet the Masters of Income Property Event Details and Early Bird pricing information.  

[10:18] We need to game the system by aligning interests with the Federal Reserve.

[12:22] Trump is a wild card whose trade policies will have a massive effect on inflation.

[19:15] Good things will happen to the real estate market under a Trump presidency.

Dr. Robert Johnson Guest Interview:

[23:38] The republican party controlling all aspects of the government will mean sweeping reforms.

[27:04] Invest with the Fed analyzed how asset and equity classes perform during different interest rate environments.

[29:52] Stock market growth is higher when democratic presidents are serving or when there is political harmony.   

[32:22] Long-term perspectives show the economy and the stock market move forward together.

[35:10] The best strategy is a long-term market strategy.

[36:49] Equity real estate investment trusts perform very well during rising rate environments.

[38:44] Will the cost of small business financing go up under a Trump administration?

[41:21] Is this time going to be different?

Mentioned in This Episode:

Jason Hartman

Venture Alliance Mastermind

The American College

James D. Kuhn, President of New York City’s Newmark Grubb Knight Frank commercial real estate advisory firm joins Jason to discuss the forthcoming Trump presidency, what the presidency could mean for real estate markets and if it’s likely the US economy will soon see inflation. With no political history, Donald Trump is a wild card who was elected based on his job growth platform. Proper handling of trade policies and initiatives for corporate entities could spur job growth in low and middle class communities.

Key Takeaways:

[2:03] It is possible for Trump to spur the economy, especially in real estate.

[6:12] There will be winners and losers from Trump’s trade policies.

[11:19] James D. Kuhn believes the link between the lower and middle class benefiting from job growth is education.

[14:14] The demand for online college education is growing and it should be made available to everyone.

[16:14] Even before the election real estate investors thought it was hard to find value in the real estate market.

[19:00] The question for the Feds is, “at what point is the economy ready to handle inflation?”

[20:42] Real estate is the last great investment opportunity especially for those who watch their markets.

[23:09] An income property should make financial sense the day you buy it.

Mentioned in This Episode:

Jason Hartman

Newmark Grubb Knight Frank

Jason talks with real estate “artist” and 5-time international best-selling author, philanthropist, risk-taker and visionary, Frank McKinney, who sees opportunities and creates markets where none existed before. 

Will inflationary pressure follow Trump’s inauguration? It’s very likely as global trade has caused the cost of goods to plummet in America. One million dollars doesn’t go as far as it used to. Jason relays a personal invitation to the owners of Results Property Management, Ken Logan and Quentin Kearny to come on the Creating Wealth show to justify their position in the complaint litigation case Jason has filed against them. Jason acknowledges income property to be the best investment you can make in America but he warns you must keep your eyes open to the opportunists and the corruption that exists under the guise of property management companies such as Results Property Management. He cites Commandment #3, of his 10 Commandments of Real Estate Investing, Thou Shalt Maintain Control.

Key Takeaways:

[1:50] The historic, recent US election may bring inflationary pressure to the economy.

[6:00] What is a protectionist trade policy?  

[6:52] The cost of goods has plummeted since globalization took hold.

[8:09] Is it fair to have open trade borders with countries with low regulatory burdens?

[9:34] Analyzing the Visual Capitalist infographic - Is one million dollars enough to last a lifetime?

[15:09] The chances are high Rich Dad Advisor, Ken Mcelroy will be speaking at this weekend’s Venture Alliance.  

[17:21] A summary of Jason’s current litigation against Results Property Management.

[20:55] Commandment #3 is Thou shalt maintain control.

[25:03] An audio representation of Jason’s “Spot a Property Management Rip-off” video.

Mentioned in This Episode:

Jason Hartman

Jason Hartman Events

Venture Alliance Mastermind

AIPIS Podcast

Visual Capitalist

Jason has finally moved to a no income tax state where wealth can be accrued at a much faster rate. He now resides in lovely Las Vegas, Nevada which, he says, is much more than the strip. Today’s guest represents a company who provides private equity loans and portfolio lending to business entities in the US as well as foreign nationals. Traditional loan requirements, such as personal credit checks, loan to value ratio considerations and the 10 loan cap do not apply to private equity loans. There are 30-year fixed loans and refinancing options available at agreeable rates.

The next annual Meet the Masters Event is scheduled for January in sunny Irvine, California. Early bird pricing is available now.

Key Takeaways:

[2:20] The game-changing concept of the self-driving car.

[3:35] The next Meet the Masters is scheduled for January in sunny Irvine, California.  

[5:55] What does a Donald Trump presidency mean for real estate investors?

[8:21] Jason has moved to the no income tax state of Las Vegas.

[16:08] Non-traditional financing is now available in the real estate market by way of private equity loans.

[17:18] Private equity lending is a common sense underwriting approach to real estate investing.

[18:08] Courtney’s company supplies secondary financing through Wall Street-backed, hedge fund money.  

[20:18] Whitmore’s “Rental 30” is a 30-year fixed, fully amortized business loan currently offering rates between 6.5-8.5%.  

[24:48] Can foreign buyers or IRA buyers utilize these private equity loans?

[27:48] Purchasing two or more properties at one time can save a buyer on origination charges under the portfolio program.

[32:08] What is required to pre-qualify for private equity loans?

[33:08] There is no loan limit per person with private equity loans.

[35:19] Existing properties can be refinanced up to 75% of the  present day value.

Mentioned in This Episode:

Jason Hartman

Meet the Masters - Get your early bird pricing now

Whitmore Capital

Jason shares an abridged real-world Portfolio Makeover™ and some thoughts on empire building. Investment Counselor and Area Manager, Lynda Mulley, asks a common client question and Jason interviews a prior guest from episode #29, Chartered Financial Analyst and Finance MBA, Daniel Amerman, on winning through inflation and creating wealth with prudent debt. Learn how the “Three Boxers” fight with powerful economic forces and who wins in the ring.

Jason’s guest on this podcast is a future Venture Alliance Speaker, Charles Goyette.  Mr. Goyette is the author of Red and Blue and Broke All Over: Restoring America’s Free Economy and the New York Times bestseller, The Dollar Meltdown: Surviving the Impending Currency Crisis with Gold, Oil and Other Unconventional Investments. During today’s discussion, his new book, Empire of Lies, the future Trump presidency, Hillary’s love of war and the total worldwide upheaval which came as a surprise to the establishment America are dissected and examined.

Key Takeaways:

[2:18] Charles Goyette will be a speaker at our Venture Alliance Weekend in Phoenix.

[4:08] Do you know about the upcoming Meet the Masters 2017 in January in Irvine, California.

[7:31] Be sure to check out Freecourt.com is an online dispute resolution platform.

Charles Goyette Guest Interview:

[10:56] Charles is happy to see the worldwide rebellion against the prevailing establishment.

[12:22] Charles new book, Empire of Lies, addresses how people had no idea the recent upheaval was coming.

[17:14] The American Government and the Office of the President have become dictatorial regimes.

[20:40] With Trump you get two sides of everything, he is very impulsive and isn’t familiar with many aspects of the economic system.

[23:34] David Stockton’s book tells of a government staffed with people who were only concerned with self-interests.

[28:20] Hillary never met a war she didn’t like.

[31:38] Three items to keep your eye on with regard to Trump economics.

[39:38] The problem with the concept of free trade in America.

[44:25] Trump knows how to get stuff done.

[48:34] How to stay in contact with Charles Goyette

Mentioned in This Episode:

Jason Hartman

Venture Alliance Mastermind

Register for Meet the Masters before 11/25/2017 for early bird pricing

Free Court

Charles Goyette

Jason’s guest James Dale Davidson is the co-founder of Agora Publishing, the Founder of the National Taxpayer’s Union,  co-editor of Strategic Investment for the Sovereign Society and founder of Newsmax. He is the Author of the best selling books Blood in the Streets: Investment Profits in a World Gone Mad, The Sovereign Individual: Mastering the Transition to the Information Age, The Great Reckoning: Protecting Yourself in the Coming Depression and his new release, The Breaking Point: Profit from the Coming Money Cataclysm. Mr. Davidson foretells of an impending, marketplace disaster which will happen in this lifetime. He credits the Obamacare, Chinese ghost cities and fictitious capital. He shares this information because he believes it is important for people to understand what will happen so they can create a new life in a new environment.

Key Takeaways:

James Dale Davidson Guest Interview:

[1:50] James Dale Davidson believes the current business model and social contract which supported it is kaput in the Western Civilization.

[6:27] Trump may have been voted in because of the life expectancy of middle-class white voters has dropped.

[9:43] What’s next for the economy under a Trump presidency?

[10:57] The Breaking Point looks at the symbiotic relationship between the drug companies and the food industry.

[14:49] The US needs someone with business savvy to improve the quality of decisions made in politics.

[18:30] Bernie Sanders reminds James Dale Davidson of Karl Marx.

[20:32] When fictitious capital is created it goes to people with collateral. These people can borrow money for almost nothing.

[27:56] Jason asks “Why not just kick the can down the road forever?” Mr. Davidson tells us why it’s not a good idea.

[31:52] The Chinese have used more cement from 2011-2013 on ghost cities than the US spent on cement in the entire 20th century.

[37:57] Most of the copper used by the Chinese came from Chile.

[41:18] The probability of a very severe crack-up, the biggest in history, will be coming in our lifetime.     

Mentioned in This Episode:

Jason Hartman

The Breaking Point: Profit from the Coming Money Cataclysm

Strategic Investment Newsletter

Harry S. Dent, Jr. is an American financial newsletter writer. His 2009 book, “The Great Depression Ahead”, appeared on the New York Times Bestseller List.

Guest, Kenneth D. Campbell is the founding partner, managing director and former chairman of Investment Policy Committee and ING Clarion Real Estate Securities, Founder of Realty Stock Review which was the first investment newsletter on real estate investment trusts (REITs), co-author of the best selling and first full length book on REITs, The Real Estate Investment Trust: America’s Newest Billionaires and author of the new book, Watch that Rat Hole and Witness the REIT Revolution. Kenneth has a history of dealing with the financial elite and is considered an expert in this type of investment vehicle. .

Key Takeaways:

[1:49] Depositions and the US Legal System are the closest thing to Hell in the civilized world.

Kenneth D. Campbell Guest Interview:

[5:43] Eisenhower brought Real Estate Trusts to life in 1960 with the intention of receiving pass-through tax treatment on real estate.  

[7:50] Wall Street became infatuated with the Mortgage REITs group.

[11:58] Currently, the stock market is exuberant on the future of the real estate market.

[12:54] Millennials want to live in cities with a broad range of services available to them and they prefer to rent and this is what is driving the apartment market.

[18:23] In the 1980’s, Kenneth D. Campbell hob nobbed with the financial elite including Carl Icahn, Michael Milken, Warren Buffet, etc.

[26:59] The IRS has just tightened the strings of spinning off real estate into REITs.

[29:20] Brexit will slow new construction in London for the next few years and NYC may get a lift in becoming the financial capital of the world.

[32:42] Kenneth believes real estate holds great value for people.

[35:08] How to find out more about Kenneth D. Campbell or sign up for his newsletter.

Mentioned in This Episode:

Jason Hartman

Watch That Rat Hole

Daren Blomquist is a Senior VP at ATTOM Data Solutions and the Executive Editor of ATTOM’s award-winning Housing News Report. This is Daren’s second visit to the Creating Wealth podcast. He joins Jason to discuss the new President-Elect, Donald Trump, what Trump’s future presidency will mean for real estate investors, the economy and the regulatory issue’s which bogg the current market.

Key Takeaways:

[1:43] What does a Trump presidency mean for real estate investors and the US economy?

[5:55] The wage problem is causing affordability issues.

[8:46] In the real estate market lower interest rates create a bubble. .

[11:33] The rising house prices are unsustainable and home ownership rates are at 50-year lows.

[15:43] Wouldn’t it be nice if Trump repealed Dodd-Frank?

[19:11] ATTOM’s Housing News Report article reveals big banks are leaving the mortgage business.

[20:16] October 2016 shows a month-over-month increase in foreclosure activity.  

[24:29] Trump’s promise to invest in the infrastructure in rust belt cities will benefit real estate investors.

[25:36] Creating Wealth listeners get the award winning Housing News Report free for one year if they email marketing@attomdata.com

Mentioned in This Episode:

Jason Hartman

Realty Trac

Marketing List at Realty Trac

ATTOM Data

Trump supporters like the fact that he is politically incorrect.

Average Americans are speaking up and they want a hard ass in the White House. They are tired of the trouble making, intolerant progressive democrats who know nothing of economics. They may be in search of a man similar to Ronald Reagan, like Donald Trump. Both former president and possibly future president speak in generalities because it is their job to lead, not to be the experts. Trump will use the American military when it is needed to serve the best interests of the American public. Jason’s guest, Jeffrey Lord says Obama’s presidential leadership is considered weak among international leaders and it is putting America in jeopardy.

Kare Anderson is Jason’s guest on this amazing interview about the dynamics of human communication. Kare is an Emmy award winning journalist who has previously reported for both NBC and the Wall Street Journal. She is a columnist for Forbes, the Huffington Post and her published works have 5-star reviews from verified readers. She founded Annie’s Homegrown and is currently active on 9 political action committees. Her blog posts and TEDx talks draw attention to the power of connective behavior and captivate international audiences.

Key Takeaways:

[1:28] The majority has spoken in favor of Trump. The politics of race, gender and unification have yet to be addressed.

[7:14] Are our RINO’s galloping towards Socialism?

[9:44] Controlling the borders and nullifying trade agreements will increase American wages.

Kare Anderson Guest Interview:

[13:18] What is connective behavior and what does it encompass?

[15:35] Simple ways for people to connect include getting specific sooner, showing warmth before competence, sitting sidle and walking.

[18:19] Create a bigger pie when someone is attacking you.

[19:35] If you plan for what you want to do you don’t let anybody else determine your behavior.

[20:13] A connective leader has the most clout.

[22:51] Look for something you like about someone and keep it in mind every time you see that person.

[27:14] How do journalists like Kare Anderson get people to open up and provide a fuller, richer story during an interview?

[30:36] How did the Bruce/Caitlyn Jenner and Diane Sawyer handle their roles during the interview?

[36:30] To have a meaningful and accomplished life means being grounded and truly listening to other people.

Mentioned in This Episode:

Jason Hartman

Hartman Media

Kare Anderson's Say it Better

Jason and guest Gary Pinkerton breakdown the article, 27 Charts That Will Change How You Think About the American Economy. Each chart represents changes in the US economy related to productivity, demographics or inflation. Highlights of the discussion include the possibility for people to work well past the current social security mandated retirement age, the lopsided amount of service jobs as compared to labor jobs and the real opportunity which exist for real estate investors based on the percentage of Americans with a sizable nest egg.

Key Takeaways:

[2:11] Corrupt people are everywhere in the world but in the US they work legally.

[4:18] Will you help produce Jason’s “Rigged” documentary?

[6:25] Phenomenal opportunities await real estate and income property investors.

[10:26] A Gobankingrates survey illustrates the crisis at hand showing 62% of the US population has less than $1000.00 as savings.

[14:57] Join us for the upcoming Venture Alliance Mastermind in Phoenix.

Gary Pinkerton Guest Interview:

[19:15] Gary was looking for a way to shift active income into passive income which led him to the Creating Wealth podcast.

[21:32] The 27 Charts that will change how you think about the American economy article, by Timothy Lee.

[25:42] As the Service Industry grows, it is a clear indicator of progress and a higher standard of living.

[29:34] People have been dropping out of the labor force since the year 2000.

[32:05] The real estate charts show growth in urban areas.

[36:40] Analyzing chart #19, Inflation-adjusted housing prices.

[41:53] Housing prices have grown a lot faster than construction costs.

[46:17] The ways Americans retire are changing.

Mentioned in This Episode:

Jason Hartman

Hartman Education

Venture Alliance

27 Charts That Will Change How You Think About The American Economy.

Paradigm Life - About Gary Pinkerton

Jason explores the benefits of being a direct investor and the problems of group investing or pooling money and going into other people’s deals, businesses, partnerships, LLC’s, REIT’s or TICS. Hear a chat with Jim Cramer of Mad Money and The Street.com.

This exciting, politically-charged episode is just in time for the US election! Jason’s guest, Bill Ayers is a retired Professor of Education, a contributor to many prestigious academic journals and an original member of the Weather Underground. Mr. Ayers is the author of several books and his new release, Demand the Impossible! A Radical Manifesto is the topic of today’s conversation. Bill shares the eight major discussion points of his book and elaborates on the action steps he believes the US can take to right itself.

This is Bill Ayers’ second time on the Creating Wealth podcast.

Key Takeaways:

[3:14] The upcoming election offer American citizens two terrible candidates from a failing two-party system.

Bill Ayers Guest Interview:

[8:03] Bill Ayers’ new book is a call to Americans to release their imaginations and consider the impossible.

[10:22] The eight issues addressed in Bill Ayers’ Demand the Impossible! A Radical Manifesto.

[11:37]  The money scheme which is privatized prisons. 20% of the prisoners in the world live in the land of the free.

[13:21] What does public safety look like for free people in a democratic society?

[15:40] Bill Ayers is not a tax and spend Liberal.

[18:59] The US Education system is in desperate need of reform.

[27:45] Democratic and the Republican parties agree on war and Wall Street, but little else.

[31:25] How to learn more about Bill Ayers.

Mentioned in This Episode:

Jason Hartman

Meet the Masters

Bill Ayers

Demand the Impossible! A Radical Manifesto

This episode focuses on the opportunities which exist when self-managing an income property. First, Jason reviews a Business Insider article regarding dwindling investment property inventories. And later in the podcast, Jason is joined by Bill, who helps manage Fernandos Atlanta and Texas properties. Bill discusses the steps necessary when self-managing income properties.  He shares how to show a property using software tools, leasing a property to a new tenant and how to have tenants facilitate repairs and maintenance issues.

Key Takeaways:

[3:00] Unpacking the Business Insider Article: Pending Home Sales Jump Despite Painfully Tight Housing Market by Bob Bryan.

[4:08] If you are on the fence about increasing your income property portfolio do it in hybrid markets.  

[7:29] Real estate is a game of staying power.

[18:00] The ways Jason is working to empower his investors and arm with them with exceptional management tools.

[19:26] Bill’s work history makes him uniquely qualified to handle Fernando’s property management requirements.

[22:51] How to use Rently lockboxes when self-managing properties.

[27:14] Making a property rent-ready and contacting contractors through handiman websites.

[28:56] Tenants have a vested interest  when working with contractors to fix or maintain properties.

[31:53] When a property is self-managed tenants to take more responsibility for the property.

[35:42] Property Management Software does most of the back-office work for you.  

[37:12] What is required when leasing a property to a tenant?

Mentioned in This Episode:

Jason Hartman

Venture Alliance

Rently Lockboxes

Appfolio

Enjoy a FREE sample of Jason Hartman’s Financial Freedom report in audio format.

A local market specialist in the Jackson, Mississippi area joins Jason to share details of what makes Jackson a great place to live and to invest. Those looking for blue collar or white collar work are likely to find it in Jackson as employers abound. The well built, low-cost properties have a high RV ratio and the regulatory climate is landlord friendly. Brick on slab construction and agreeable climate make rehabbing lest costly and do-able year round.  

Key Takeaways:

[1:36] There is plenty of work and money goes farther in Jackson, Mississippi.

[4:10] Details of Jackson’s regulatory environment and landlord friendliness.

[5:19] Who are the target tenants of Jackson and who employs them?

[7:43] Typical house prices, cost to rent and what is included in a rehab.

[10:44] Classifying the properties based on cost to buy, building type and school district.

[13:30] After inspections, properties are upgraded and rehabbed with durable materials.

[15:46] A 6-month warranty on rent and upkeep is standard with this local market specialist.

[16:31] Jackson Mississippi has exceptional RV ratios. There are plenty of low-priced homes which collect high rents.

Mentioned in This Episode:

Jason Hartman

Guest Ed Conard is an economist who worked with Mitt Romney at Bain Capital, he is the New York Times Bestselling Author of Unintended Consequences: Why everything you’ve been told about the economy is wrong and his upcoming book, The Upside of Inequality: How Good Intentions Undermine the Middle Class promises to educate and enlighten. Discussions during this podcast include misnomers about CEO pay, why the technology sector is wildly profitable and how a complex web of regulations may be only benefiting the big players in the market.

Ed Conard Guest Interview:

[3:52] Ed Conard worked at Bain Capital with Mitt Romney during which time they experienced exponential growth.

[5:54] The two types of opportunities people invested with Bain Capital are capital investment and management supervision related opportunities.

[7:31] Bill Bain used a higher risk strategy and took advantage of undervalued investment opportunities.

[9:45] The Upside of Inequality showcases the productivity of the American work force.

[14:42] Is negotiating for a bigger piece of the pie accelerating the US economy?

[17:11] CEO pay may not be as outrageous as the headlines lead us to believe.

[22:00] The tech sector pays less taxes and has minimal regulation as compared to other sectors who are constantly looking for regulatory loopholes to give them a competitive advantage.  

[23:46] The rise of profitability in the tech sector has been extraordinary.

[24:47] The economy is squeezing the profitability out of every most other sectors.  

[27:09] Properly trained talent and a willingness to take risk are the binding constraints to growth in this new economy.

Mentioned in This Episode:

Jason Hartman - Now with New Features!

Hartman Education

Edward Conard

@edwardconard on Twitter

Unlike stocks, bonds, mutual funds or commodities such as precious metals like gold and silver – real estate is a multi-dimensional asset class. The multi-dimensional nature of income property makes it extremely profitable in changing ways based on varying market conditions. This is a wonderful thing because investors can profit even seemingly “bad” markets. For example, when financing becomes expensive (low housing affordability rates) or difficult to qualify for (low capital liquidity) it can create excellent opportunities to increase rents. When mortgage rates are low and qualifying is easy it can spur terrific appreciation. You can win either way so long as you adapt your strategy based on economic realities.

Additionally, a discussion about Macro vs. Micro Markets™ so don’t just run out and buy based on a city – be sure to screen and drill down into the various Micro Markets™ within each city. Since you can’t buy all of them… you may as well buy the best ones!

Last but not least Jason recommends the book “Revolutionary Wealth” by Alvin and Heidi Toffler.

In this is episode, Jason interviews analyst, author, screenwriter and former Waffle House employee, James Adams. James’ book, Waffle Street: The Confessions & Rehabilitation of a Financier gives us an inside look of what it was like to be working on Wall Street during the housing market crash. His story of leaving the modern version of organized crime and getting a job at the most recognized greasy spoon in the southeastern US has been made into a movie starring Danny Glover. He describes the central banking system with regards to loans and debt, reminds us of the problems associated with creating money out of thin air and warns Japan may be the first big domino to fall when the next crisis occurs.

James Adams Guest Interview:

[1:40] From Wall Street to Waffle House was the original title of Waffle Street and based on James Adams life.

[5:17] The movie exaggerates certain situations but the crisis was bigger than anyone ever imagined.

[6:40] A combination of reckless underwriting and the improbability of a US housing market decline led financial institutions to reassure clients until the crash took place.

[9:38] Rent to home price ratios were skewed and people underestimated the domino effects of leverage.

[12:20] The current issue that scares James Adams now is the treasury balance sheets of G8 countries.

[14:38] Central banks are creating electronic liabilities.

[16:25] The banks have been disintermediated. Banks are still part of the loan origination process but they are no longer responsible for the debt.

[22:14] Making money out of thin air works..until it doesn’t.

[22:53] Japan has the worst balance sheets, the worst demographics and the government is running in a massive deficit.

[23:58] Should we all be buying options on Japanese debt?

[26:20] The Waffle Street film is trending well on Netflix and is experiencing good distribution.

[27:25] James Adam’s is now a Senior Research Analyst and has another movie in the works.

Mentioned in This Episode:

Jason Hartman

Hartman Media

Waffle Street Movie

@Wafflestmovie on Twitter

In this is 10th episode, Jason veers left of real estate to speak to the long-time friend of Bill Clinton, Dolly Kyle. Dolly’s new book Hillary the Other Woman is based on her decades of  experience being Bill’s personal friend and lover. Dolly describes the Hillary as an aggressive liar, a controlling grandmother type and a crony of all the top players in Washington and the media. Dolly says a Hillary presidency would be dangerous to all Americans and people should inform themselves before voting. She also shares the numerous lawsuits and scandals which should have rocked the Clinton dynasty but instead the media chooses to remain quiet.

Key Takeaways:

[1:18] Charging a Tesla electric car makes a person appreciate the invention of electricity.

[5:31] Reviewing the Here’s What Americans Fear the Most - Newser article by Michael Hawthorn.

[10:45] The discourse during this US election equates to “Two wrongs don’t make a right.”

Dolly Kyle Guest Interview:

[14:21] Dolly met Billy at a very young age. When he went off to college Billy told her she was a distraction and she should marry someone else.

[17:33] In January of 1974 Billy and Dolly reconnected to start their adult relationship.

[19:21] Bill Clinton was dating Dolly, Hillary and Marla Crider at the same time.

[21:37] Dolly and Billy still communicate when they both are in Arkansas.

[22:32] Bill Fulbright introduced Bill Clinton to the money people who would fund his congressional run.

[26:38] When Dolly met Hillary for the first time she was shocked.

[31:01] Are the stories true about Hillary vilifying Bill’s girlfriends?

[32:33] Dolly believes Bill raped Juanita Broaddrick.  

[39:02] Hillary made an investment in cattle futures and benefited through cronyism.   

[42:14] Hillary Clinton obtained 900 files about people in Washington. It’s known as Filegate.

[46:08] Dolly Kyle’s book includes 11 pages of people the Clinton’s have harmed and an entire chapter on how they manipulate the media.

[51:36] America was not meant to be a country of political dynasties.  

[53:03] Of Dolly Kyle’s 768 book reviews on Amazon, 80% are positive.

[54:18] The story of Danny Williams should be getting more traction in the media.

Mentioned in This Episode:

Jason Hartman

Hartman Education

Dolly Kyle Website

Hillary the Other Woman: A Political Memoir by Dolly Kyle

Let’s examine the subject of debt, both good and bad. The prudent use of leverage or borrowed money can accelerate wealth creation and reduce risk. We’ll look at many perspectives including a profile of Donald Trump and his “troubles” in the 90’s.

Investment Counselor, Sara is back on the show. She joins Jason to discuss her three new properties in Memphis, how a client beat her to the punch on other properties she was interested in and just how competitive the market is right now. And in the client case study, Dr. David D’Ambrosio shares his experiences with the 1031 Exchange on properties in the Orlando and Indianapolis markets. He shares his opinions on why more high-tax bracket professionals are not investing in real estate and he asks Jason about what his next steps should be?

The beautiful thing about real estate is you can acquire an asset, get your money back out and still own and control the asset. Plus, you pay no taxes on the money you extract.

Key Takeaways:

[2:12] Sara just closed on three properties in Memphis and she wears PJ’s to bed.   

[6:16] Rate locks - Should you let it float or lock it in?

[9:15] Commodities that make up a house are copper wire, glass, steel, petroleum products are independent of any currency.

[13:53] Is the Creating Wealth show the Fox News of real estate? One listener thinks so.

Dr. David D’Ambrosio Client Case Study:

[17:34] Dr. David D’Ambrosio is Radiation Oncologist living the American Dream. He has always had an interest in real estate.

[19:52] Dr. David recently did a 1031 Exchange and then purchased four properties in Orlando.

[21:34] There are two ways to diversify a real estate portfolio. One is location and the other is through cash flow and appreciation.

[23:25] The 1031 Exchange allows for only 45 days for identifying properties but up to six months to close.

[26:08] It’s frustrating more people, doctors in particular, aren’t investing in real estate. It’s an absolute no-brainer.  

[32:16] Local community banks will provide financing to investors after they reach their traditional property limit.

[38:24] Is it feasible to do a cash out refinance if you can get a sizable amount of cash?

[40:27] The deferred down payment option offered a nine-year break even point.

[43:25] Equity stripping is pulling the money out of a property, having control of the cash and still own the property.

Mentioned in This Episode:

Jason Hartman

Venture Alliance Mastermind

Hartman Education

This episode introduces three Alabama markets, Huntsville, Montgomery & Birmingham. The information provided by a local market specialist in the area analyzes each market’s economic profile, existing and future investment opportunities and property characteristics. These carefully selected markets are providing adequate cash flow properties and sufficient yields in addition to possible appreciation due to the stable local economies.  

Key Takeaways:

[1:44] A lack of inventory in Huntsville, Montgomery & Birmingham delayed this episode for months.

[3:07] Happy Belated World Smile Day!

[10:29] An inspiring smile poem.

[12:21] A brand new JasonHartman.com is coming soon to a browser near you.

Huntsville, Montgomery & Birmingham Market Profile with Eric:

[15:04] Market are selected based on the amount of existing competition in the area.

[16:23] Recent economic growth in Alabama makes it a suitable market for investors.

[19:38] Huntsville, Alabama facts and trending economic factors.  

[22:02] The local market specialist rehabs houses for stability in addition to cosmetic upgrades.

[25:19] Are warranties available on the Huntsville, Montgomery & Birmingham properties?

[27:02] Birmingham, Alabama facts and trending economic factors.  

[30:59] Montgomery, Alabama facts and trending economic factors.

[32:41] Longer leases are gaining popularity but remember to add rent increases year-over-year.

[35:27] Rental insurance is always recommended.

Mentioned in This Episode:

Jason Hartman

Hartman Education

Many demographic changes are taking place, with the Baby Boomers, a large generation, retiring, and Generation Y, a larger generation than the Baby Boomers, consuming at record levels.  Join Jason Hartman and demographer, Ken Gronbach, as they discuss this upcoming “storm.”

Ken describes Generation Y as an exciting generation, where the United States is the only country with this large of a group at the present time, and that it is very important that businesses recognize and anticipate their markets as Generation Y grows up. Generation X is more of a mystery generation because of its smaller size, which makes it less of a valuable market.  Ken believes that the United States’ best days are ahead as people bail out of the European Union. He also believes that China’s economic future is bleak due to artificial tampering with the population, with demographic numbers showing China in trouble economically within ten years, struggling to feed themselves within 15 years.

Ken shows how the housing market is being held hostage by big bank foreclosures and why this log jam will soon correct and precipitate a restoration of the United States economy. Ken also talks about how manufacturing will return to the United States with a vengeance because the United States is the only industrialized nation with a huge young highly skilled workforce.

Kenneth W. Gronbach is a gifted keynote speaker and a nationally recognized expert and futurist in the field of Demography and Generational Marketing. Ken entertains his audiences with his own special brand of wit, humor and clear communication. He makes the science of shifting demography come alive with real life examples that make it relevant to today’s culture, business climate and economy.  In his book “Age Curve, How to Profit from the Coming Demographic Storm”, published by The American Management Association, Ken takes you through a fascinating common sense understanding of shifting demography and the related opportunities and challenges. The demographic landscape in the United States is made up a series of waves that are about twenty years in duration.

It would follow that business will rise and fall according to the critical mass of customers heading toward it. Ken’s latest book “Decades of Difference, Making it Work” (HRD Press), about the United States workforce, was released in October 2010. Ken also writes for the CNBC Guest Blog.

Ken’s perspective is macro, a view from 30,000 feet, and very big picture. Demographers are able to forecast markets, societal phenomena, and economics with uncanny accuracy because they count people, not money or things. For example crime has been down in the United States for the last twenty years because the number of high risk crime committers (men 15 to 30 years old) has been low and fully employed.

This is because the fertility in the United States dipped sharply between 1965 and 1984 creating a deficit in our population of about nine million people. This shortage of young people in the labor force also drove labor costs up and manufacturing off shore. Ken says the Age Curve will change the way businesses market to consumers and that a sea of entrepreneurial business starts will rule as the economy turns around.

As Americans spend beyond their means and abstain from adding to their savings accounts, the demand for rental properties is growing at a phenomenal rate. Jason describes how your past and future investments in income properties will pay dividends for many years to come. And in the market profile, the Macon, Georgia market is dissected and explored. This somewhat undiscovered market ranks #2 out of 20 for highest residential rental returns. We learn the average rental home price in the market, the typical rehab costs and which employers are persuading renters to stay in the area.

Key Takeaways:

[3:09] Do not skip the Flashback Friday episodes of the Creating Wealth show. They are hand picked for you.

[5:38] Macon, Georgia and other small markets can be good investments due to a limited inventory available.  

[8:02] Americans are not saving money which makes it a phenomenal time to own rental property.

[9:12] This is how inflation and deflation are directly related to the real estate market.   

Macon, Georgia Market Profile with Eric:

[17:00] The Macon, Georgia downtown area has been revitalized in recent years and Mercer University is expanding.

[20:22] Employment opportunities in Macon, Georgia are diverse with both blue and white collar jobs.

[22:38] Typical costs for an investor are between $80K - $125K for the home and typical rehabs are $15K-$30K.

[27:03] A property manager in Macon, Georgia charges 10% of the gross rent, but no renewal fee.

[29:37] Macon, Georgia is the second highest market for residential rental returns.

Mentioned in This Episode:

Jason Hartman

Longevity and Biohacking Podcast

Hartman Media

Jason’s guest, Brian is a client and a longtime Creating Wealth Podcast listener. Brian describes his early days of real estate investing when Sara initially walked him through the buying process. The properties he purchased in Atlanta and Memphis have now matured and Brian is faced with making a decision. Should he refi-til-ya-die or to do a 1031 exchange and get 2 for 1 on his highly appreciated properties. Jason shares his insights on best business practices, how to use an IRA as a tax savings vehicle and recommends some “must read” books on real estate investing.

Key Takeaways:

[1:31] The Wells Fargo contract claw back.

[3:26] “Make Six Figures” Bloomberg article tells a scary tale from the content portal.

Case Study with Brian:

[8:27] Brian read Rich Dad, Poor Dad in high school which led him to the Creating Wealth podcast.

[9:49] Brian was pleased with the support he received from Sara and the Local Market Specialists.

[12:44] Is refi-til-ya-die always the best option or does the 2 for 1 plan make better financial sense on highly appreciated properties?

[16:25] The 2 for 1 exchange gives the owner all of the equity to reinvest. The refi-til-ya-die option is limited to the cash-out loan to value ratio.

[17:40] A refi may be a simpler option and offers a locked-in lower interest rate.

[20:08] Brian shares his real estate investor stories on his website Rental Mindset.

[21:29] When buying real estate inside of an IRA you get a tax efficient vehicle inside of another tax efficient vehicle.

[22:11] Read Garrett Sutton’s Loopholes of Real Estate.

[23:29] Rationalizing buying a property sight unseen.

Mentioned in This Episode:

Jason Hartman

Hartman Education

Rental Mindset

There’s a nostalgic feeling to today’s Creating Wealth Show as Jason Hartman provides a live recording from the 2014 Meet the Masters event in Orange County, California. This gives listeners a taste of what they can expect from the January 2015 event in Irvine, California, and also provides a good opportunity to see how far the financial and real estate worlds have come over the past months. Key topics covered include the Case-Shiller index, reassessing Rent-to-Value ratios and the development of bitcoin.

Key Takeaways

04.30 – Jason Hartman’s investment strategy doesn’t focus on appreciation – if it happens, it’s a bonus.

07.45 – Bitcoin and its competing alternative cyber currencies really came about because people are starting to doubt the fiat money Central Banking model that we’ve become accustomed to.

10.50 – Despite being the most commonly used index, Jason Hartman would only recommend 6 of the 20 markets proposed by the Case-Shiller index.

14.08 – As humans, we find it inherently difficult to know when to cut losses and just walk away.

15.50 – Niall Ferguson claims that the most powerful part of the financial system is the bond market, and we would all do well to remember that.

20.09 – Real estate is not a very liquid market and so even when prices drop, they don’t drop as quickly as most other asset classes.

26.18 – Rent-to-value ratios change totally if you think about the actual utility cost per month – how much is your renter paying to use your property, and how does that compare with what you think the value is?

31.23 – The forms and uses of money have changed many times throughout history, and now we’re dealing with the technological side of currency, which has led us to bitcoin.

39.50 – Jason Hartman goes through step-by-step considering the relative merits and failings of the dollar, bitcoin, gold and income property.

Mentioned in this episode

The Ascent of Money by Niall Ferguson

Jason’s guest, Michael Thomsett has over 35-years as an Accountant and is an investor in the most tax-favored asset class in the U.S., income properties. Mr. Thomsett has written over 90 books. His book, The Landlord’s Financial Toolkit will soon be printed as a second edition and re-named The Real Estate Investor’s Financial Toolkit. During today’s episode, he shares ten principles of real estate evaluations and unpacks each principle, so even those with a limited understanding of income property investing can follow along.  

Key Takeaways:

[1:29] Segmenting the real estate market is rarely done properly.

[3:28] Make it a goal to live in a no income tax state as a wealth creation strategy.

[6:44] Information on the next Meet the Masters, Hartman Education Special Bundles and available properties.

Michael Thomsett Guest Interview:

[11:46] The 9/10 Principles of Real Estate Evaluation.

[12:54] Defining the Principles of Progression and Regression.  

[14:09] The Principle of Conformity is keeping the features of a property in line with others in the area.

[15:11] The Principle of Substitution relates to the condition of the property.

[15:45] The Principle of Change applies to the economy, demographics, employment, and other “fact of life” incidents.

[16:46] The Evaluation Principle of anticipation is when expectations about future events affect the market value.

[20:24] The Contribution Principle - If the improvement is worth more than the cost to make it.

[21:46] Plottage or Growth Management should be consistent use of the surrounding lands.

[24:26] Highest and Best Use - Real Estate evaluations are best when land is utilized in the best possible way.

[26:13] The Competition Principle states an opportunity for a profitable investment leads to competition.  

[31:47] All the necessary tools for landlords are included in the second edition of Michael Thomsett’s book.  

Mentioned in This Episode:

Jason Hartman

Hartman Education

Thomsett Publishing

Drew, a long-time real estate investor, joins Jason for the introduction portion of today’s podcast to discuss the pitfalls of trying to time the market, bulletproofing your properties and the downside of over-diversification. This episode finishes with a recording of the self-management expert panel of Jason, Fernando and Oliver answering investor’s questions during the most recent Software and Buying Event. If you have questions about moving from a property management service to self-managing your own properties this Q&A session is a must listen. Income property investors get answers to their real-life concerns about self-managing properties.

Key Takeaways:

[3:05] Drew sells commercial printer cartridges on amazon (shameless self-promotion) and invests in real estate.

[6:02] Was it a wise choice to buy a property in San Jose, California in 1986?

[9:57] Real estate can be a forced savings program for people who lack financial discipline.

[12:20] Be sure to have enough money to bulletproof your properties when you first purchase them.

[16:32] Don’t be a speculator, be a cash flow investor.

[22:54] Be careful not to over-diversify your real estate portfolio.  

Self-Management Panel Q&A:

[24:49] Is it difficult to find tenants when self-managing properties?

[27:35] Make sure to take good photos of your properties.

[28:16] What are the best communication tools to use with tenants?

[31:20] How to facilitate move out inspections, handle legal infringements and qualifying for the real estate professional material participation time.

[39:00] These are the questions to ask property managers when vetting them.

Mentioned in This Episode:

Jason Hartman

Venture Alliance Mastermind

Hartman Education

Ink Safari

Cozy

Voxer

Today’s episode of the Creating Wealth Show deals with issues other than business and finance, but guest Lori Ann LaRocco of CNBC joins Jason Hartman to discuss her latest book, Opportunity Knocking: Lessons from Business Leaders. She talks about the pyramid notion of achieving leadership success both in your personal and business life and how important it is to know yourself before you can even hope to expand your potential for success.

Key Takeaways

01.53 – Stocks of the physical merchandise of the Meet the Masters and Creating Wealth Home Study Courses are still available but running low:www.JasonHartman.com/Products

03.24 – Successful leaders in any field all seem to follow a series of seven strategies, starting with something as simple as knowing yourself.

06.46 – Find others who inspire you and then form and follow your own aspirations.

10.33 – Take your idea and stick with it. Even if it’s not always popular, stick with what you know to be right.

16.54 – True passion is much more attractive to an employer or investor because it’s a great motivator.

19.55 – Some levels of the pyramid take longer to achieve, but it’s the culminated effort which brings success.

27.03 – Self-belief is really one of the most important elements here.

28.05 – To find out more information about Lori Ann LaRocco, head to her blog at www.LoriAnnLaRocco.wordpress.com

30.06 – In Lori Ann LaRocco’s earlier book, Thriving in the New Economy, she created the mini biographies of various CEOs to show their reactions and their mistakes in the lead-up to and aftermath of the financial crisis.

33.55 – The way that these bubbles work is that when you’re in it, you just can’t see it. Even with hindsight, we don’t seem able to learn.

Mentioned in this episode

Opportunity Knocking: Lessons from Business Leaders by Lori Ann LaRocco

Thriving in the New Economy by Lori Ann LaRocco

Start with Why: How Great Leaders Inspire Everyone to Take Action by Simon Sinek

Jason, Fernando and Oliver make up today’s expert panel. They are discussing self-management options for your income properties. The experts agree, a great property management company is worth their weight in gold but it is also important to be educated about your self-management options. The panel shares information about companies who use technology to save you time and money through automating tedious tasks, best practices to improve home interiors without spending a fortune and what types of tenants are the best types of tenants to have.

Key Takeaways:

[3:40] Jason and Fernando discuss the flooring options available at an income property expo in Mesa, Arizona.

[9:19] Kwikset Kevo bluetooth locks make it easier for self-management of income properties.

[16:57] Jason recommends adding a little color to the interior walls of your income properties.

Self-Management Panel:

[20:33] Is self-management easier than having a property manager?

[23:27] The road to self-management and maintaining a good relationship with your tenants.  

[28:00] The flat rate fee system makes self-managing properties easier.

[32:47] Property managers are reluctant to take legitimate fees out of a tenant’s security deposit.

[37:06] Ask your property managers to lower their costs if you are realizing the value.

[40:11] Using Cozy makes rent collection and viewing tenant profiles easy.

[44:35] Disintermediation is getting rid of the middle man.  

[49:10] Rently allows tenants to do their own showings with only a credit card.

Mentioned in This Episode:

Jason Hartman

Real Estate Tools

Venture Alliance Mastermind

Hartman Education

Cozy

Rently

Jason’s guest today, Dave, is a member of a real estate investor Mastermind group. During the last meeting, there was a consensus that two major problems exist with the rehabilitation of properties. Dave shares the two issues and some of the solutions discussed during the Mastermind meeting and feedback from his experience over the last year. Jason recognizes the property supply chain is currently going through a boom cycle. The disparagement between the property supply and demand makes it challenging for local market specialists, real estate investors and for tenants.

Key Takeaways:

[1:20] Real estate investors are seeing spikes in remodeling costs and having difficulty finding good project leaders.

[6:44] The challenges of the local market specialists, the real estate investors and tenants are due to a boom cycle.

[13:10] In the last year, a General Contractor has seen a 30% increase in materials.

[17:34] Increased material costs and missed time frames both reduce profit for real estate investors.

[21:20] Solutions to the problems include automating the process and having an efficient project manager.

[27:23] Real estate investor demand has far exceeded the supply of good inventory.

[28:04] Rehabbing properties has become entirely different than in the past. Current available properties are in worse condition.

Mentioned in This Episode:

Jason Hartman

Hartman Education

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.

If you are interested in growing your retirement money faster, reducing your risk paying less tax this episode is a must listen. You must align your interests with the financial institutions and the central banks as they are most powerful monetary entities in the world. As you build your income property portfolio you need to put your money in a retirement account which allows you to self-direct your funds without paying high taxes or penalties. The Solo 401k is a vehicle you can use to defer taxes and manage as a resource. Guest expert, Jeff Nabers, created the complete Solo 401k and designed an online tool so you can calculate possible risks before making major investment decisions.  

Key Takeaways:

[1:21] Financial institutions and central banks are the most powerful entities the human race has ever known and we should align our interests with them.

[6:50] Using the leverage of your 20% down on a property increases your power by 500%.

[8:35] The Newser Wells Fargo article: Details about the 185 million dollar fine.

[14:38] The Creating Wealth seminar is now part of the package available at Hartman Education.  

Jeff Nabers Guest Interview:

[16:35] The Solo 401k was based on the Pension Protection Act of 2006.

[18:39] The 3 main advantages of a Solo 401k.

[25:32] There are two qualifications which differentiate a Solo 401k from a traditional Roth IRA.  

[30:32] The Solo 401k allows you to invest $18,500 of your self-employment income.

[32:06] The IRS puts real estate investors in two categories one is a business and the other is a dealer.

[34:36] The rules of an IRA are much stricter than the rules of a Solo 401k.

[40:00] The most powerful thing an investor can do is to diversify.

[42:02] Health care costs and college tuition are impacted the most by inflation.

[42:34] The present value of money versus the future value of money and the lost opportunity costs of paying taxes on an IRA now.  

[46:54] It’s impossible to know how the government will tax retirement plans in the future.  

[51:26] Jeff Nabers’ company set up the only complete Solo 401k and designed an online tool.

Mentioned in This Episode:

Jason Hartman

Hartman Education

Solo 401K - Free Demo for Creating Wealth Subscribers

Today’s episode focuses on our amazing digital future. Jason’s guest Professor Mark Skilton is a Professor of Practice and Information Systems at Warwick Business School. He is the  author of Building the Digital Enterprise: The Guide to Constructing Monetization Models Using Digital Technologies and other books and papers relating to digital ecosystems and architectures. He shares his expert opinion on the positive side of automation and digitization in future business models and how the real focus will be on expanding the customer experience through additional opportunities for engagement.  

Key Takeaways:

[1:13] Managing our language helps us to ‘relax” after dual live events.

[8:05] Self-management and managing property managers resources from the Phoenix event.

Professor Mark Skilton Guest Interview:

[10:13] A broad shift in automation and changing productivity will affect the entire dynamic of a marketplace.  

[15:54] The key difference is living in digitization is creating more value in an existing space.

[20:54] Augmenting and customizing the space is the real opportunity of digitization and artificial intelligence.

[23:31] Prof. Mark Skilton on how to see the future of automation in a positive light.

[26:28] Understanding the role of future technologies in the business model of the future.

[29:08] How to contact Prof. Mark Skilton and/or Warwick Business School.

[34:05] It’s all about reimagining the customer journey lifecycle.   

Mentioned in This Episode:

Jason Hartman

Denis Waitley Creating Wealth Episode

Mark Skilton

Building the Digital Enterprise

Warwick Business School

The impact of technology and the future of development plays a big part in today’s Creating Wealth Show. Jason Hartman talks about America’s growing role in this changing society, and makes particular note of the ever-increasing contributions of Generation Y.

Later, he invites Consuelo Mack of WealthTrack on to give her thoughts about China’s current state, the importance of a diverse investment portfolio and where technology will lead us in 15 years’ time.

Takeaways

04.35 – It’s looking more likely that technology will save the world, and that America will be the developer of that technology.

07.50 – If you’ve registered to attend the Creating Wealth Seminar, Today’s Economy Boot Camp and/or the Birmingham Property Tour, be sure to make your flight reservations as early as possible.

10.20 – If the New World Order really is the Old World Order, it means huge implications for America.

14.27 – It is the US consumer that drives the economy – this means a strong, independent economy, regardless of the state of the rest of the world.

17.55 – China’s family policies will be their own downfall because in 10-15 years, there will be a huge demographic hole.

22.17 – Who knows where the latest innovations of 3D printing and the self-driving car could lead us?

26.20 – An investment portfolio needs a good level of diversification and well-managed real estate investment could make all the difference.

31.00 – Alternative investments are looking like an interesting option, but we still need to clarify all the details.

32.19 – For archived interviews and more information, head to www.WealthTrack.com

Jason kicks off this episode with information about a major polluter in neighborhoods across the US and requests listener help in fighting the problem. And, today’s guest is a local market specialist in the Quad Cities area. The Quad Cities are located on the border of Illinois and Iowa, the midwest location affords a steady cash flow with a nominal initial cost for income property investors. The job market in the area is steady due to a major agricultural equipment supplier and a Federal arsenal supplying blue-collar incomes to thousands of families and the competitive climate of the private local banks allow investors to possess extensive property portfolios.

Key Takeaways:

[3:06] Be an activist listener and take a stand in your neighborhood by stopping the leaf blowers!

[8:09] The Quad Cities reside on the border of Iowa and Illinois.  

[9:35] Steady cash flow and a rigorous tenant screening program are a plus for investors.

[14:01] Mobility and financial immaturity are probable reasons for long term renting.

[16:47] A major agricultural equipment company and a federal arsenal are significant employers in the Quad Cities.

[23:20] An average property available in the Quad Cities and typical rehabilitation details.  

[26:49] This market specialist team manages the property in-house.

[32:09] The competitive local private banking climate in the Quad Cities is beneficial to investors with substantial portfolios.

Mentioned in This Episode:

Jason Hartman

Hartman Education

Today’s guest, Harry Dent is the author of multiple financial books designed to help you keep your wealth. Harry predicts an upcoming deflationary period followed by a huge debt bubble burst in the US. He wholeheartedly agrees with Jason and says the everyday house is where your money should be if you are a real estate investor. The uber rich and the Chinese will be the losers in this economic downturn and Wall Street will slide under 6000 and Shanghai will hit 1000. Harry says the market needs a cleansing because without it the markets will falsely re-inflate themselves for the sixth time. Hold on tight investors times they are a changin’.  

Key Takeaways:

Harry Dent Guest Interview:

[5:07] Something for nothing is an unattainable goal. You can’t just print free money!

[6:10] Why doesn’t the US have significant inflation with the exorbitant amount of money creation?

[7:48] In the US from 1983 to 2008, private debt peaked at 42 trillion. The debt had grown for 25 years at 2.5 times faster than the GDP!

[11:02] Banks create debt and then get free money. It will be painful, but necessary to deleverage the debt.  

[16:15] The everyday house is the best investment option when the bubble bursts.

[19:01] The uber rich will get slaughtered during the next debt bubble crisis.

[20:51] The wealthy Chinese will be are laundering money and buying US real estate.

[22:57] 240 million rural migrants are trapped in Chinese cities with no hope for the future.

[27:22] Fracking will be the next debt default in the US.

[28:45] Deflation is a sign a financial bubble is bursting.

[31:30] We are living in a Keynesian economy. We are addicted to financial drugs and we can’t kick the habit.

[33:12] Interest rates are going up for bonds and mortgage rate will come down.

Mentioned in This Episode:

Jason Hartman

Harry Dent

The Demographic Cliff

Joel Skousen is a survivalist author and retreat consultant. He’s the author of, “Strategic Relocation–North American Guide to Safe Places.” Skousen discusses how our world becoming less stable because of a coming shortage in commodities.

He then gives the best and easiest places to relocate to and how people can relocate if they have work or family ties. Last March, Joel walked away with just slight injuries from the crash of his Glasair kit plane. He shares that experience.

Key Takeaways:

(4:36) Introducing Joel Skousen
(7:17) On the derivatives markets
(12:32) The mechanism of hyperinflation
(21:02) Predictions for the economic future
(37:49) On the fake collapse of the Soviet Union
(42:49) Closing comments

Links

Find out more about Joel Skousen at www.joelskousen.com.
Also visit: www.worldaffairsbrief.com

During the introduction Jason breaks down the components of inflation, stagnation and deflation. He refers to a Business Insider article to demonstrate how the devaluing of the dollar is bad news for US global trading partners.

Human Behavior coach, Beverly Flaxington is Jason’s guest expert. She introduces her SHIFT Model from her best-selling Make Your Shift: The Five Most Powerful Moves You Can Make to Get Where YOU Want to Go and defines each of the five key step in the process. Beverly is the co-founder at The Collaborative, a practice management and business consulting firm, which helps corporate clients to add value to their business and to increase productivity in their employees.   

Key Takeaways:

[2:00] Delayed gratification is a key to success in life and in real estate investing.

[4:56] A Business Insider article tackles inflation, 7 Things You Could Buy For $1 in 1950.  

Beverly Flaxington Guest Interview:

[16:01] Beverly’s professional journey of bridging the gap between her financial career and her interest in human behavior.

[17:44] People get overwhelmed by the amount of information out there so Beverly chunked it down to 5 steps in her SHIFT Model.  

[20:02] S: Specify the desired outcome.

[24:16] H: Highlight the obstacles and categorize them.

[25:40] I: Identify the human factor

[27:34] F: Find the Alternative

[28:44] T: Take the disciplined action

[31:04] Beverly shares an executive tip to prioritize a to-do list.

[32:17] Humans have a misperception that communication comes naturally.

[33:15] Contact information for Beverly Flaxington

Mentioned in This Episode:

Jason Hartman

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