Creating Wealth Real Estate Investing with Jason Hartman (general)

COVID-19 or Coronavirus is spreading and so are the stories about it. Jason Hartman and guest, George Gammon, discuss the health and economic differences between the Coronavirus and the normal flu. If the health problems weren’t enough, it’s good to understand the economic implications surrounding this world spread virus. Today’s episode dives deep into understanding the relationships existing in the global market.

Key Takeaways:

[4:00] Most people consider the great recession to have started the day that Lehman Brothers failed

[6:30] Understanding nominal value and fiat money

[13:05] The big differences between the Coronavirus and the normal Flu are the R Naught Value, and Serious (non-fatal) Complication Rate

[19:25] COVID-19: a tougher, more hardy virus, living outside of the body

[22:00] A supply shock and a demand shock in the U.S.?

[26:05] How the corporate bond markets and the credit markets are affected by the crash in oil, Coronavirus and everything bubble turning into an everything crash

[24:15] The stock market is like buying in cyclical real estate markets



Jason Hartman Quick Start

Jason Hartman PropertyCast (Libsyn)

Jason Hartman PropertyCast (iTunes)

Jason Hartman’s Blogcast

Direct download: CW_1408_George_Gammon_Conovirus_Supply_PT_1.mp3
Category:general -- posted at: 5:00pm EDT

In today’s episode, Jason is joined from across the world with Shenzhen, China local, Gary Halmbacher to discuss Black Swan Event Coronavirus. Gary shares his experiences with self-quarantining, and local changes just north of Hong Kong. 

In the second segment, Jason is joined by Sarasota, Florida realtor, Jeff Twigg. Jason and Jeff discuss aspects of Dan Amerman’s workshop, including ALM. The two also discuss the unanticipated predictions made by Dan Amerman.

Key Takeaways:

[3:05] Guest Gary, from Shenzhen, China explains being self-quarantined

[9:40] Guest Jeff Twigg

[13:11] Discussion on Dan Amerman workshop, and some of his surprising predictions

[16:45] The Roth IRA might go away? 

[22:35] Means-testing for Social Security

[24:00] ALM Asset Liability Management Strategy



Jason Hartman Quick Start

Jason Hartman PropertyCast (Libsyn)

Jason Hartman PropertyCast (iTunes)

Jason Hartman’s Blogcast

Direct download: CW_1407_Gary_Halmbacher_Jeff_Twigg.mp3
Category:general -- posted at: 5:00pm EDT

Today’s Flash Back Friday comes from Episode 1057

Jason Hartman starts off this backward show with guest Scott, who’s an attorney who will be speaking at the upcoming Profits in Paradise about asset protection. The two explore the benefits of a Series LLC and some best practices for asset protection.

Then Jason goes solo and discusses where wage growth is happening in the US (and where it’s not), and how trade wars and interest rates are connected right now.

Key Takeaways:

[3:25] What is a Series LLC and how can it benefit a real estate investor?

[6:43] The best asset protection you can get defeats lawsuits before they even start

[11:45] What kind of things will Scott be presenting in Hawaii?

[17:57] The first part of asset protection is financial privacy

[20:24] Real wage growth in Hispanic homes was more than 2x other households

[25:22] Looking at rent paid like your tenant was your employee

[28:18] The only linear market in the top wage increase list is Columbus, OH.

[29:40] Trade wars are keeping interest rates lower


Jason Hartman’s Alexa Flash Briefing

Jason Hartman PropertyCast (Libsyn)

Jason Hartman PropertyCast (iTunes)



Direct download: CW_1406_FBF_Scott_1057.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman speaks with today’s returning guest, Adam, about current news including; another federal rate cut and COVID-19. While it’s hard to escape the COVID-19 discussion right now, it’s easy to plan for your financial future. Jason and Adam discuss the property investment benefits of an ever-increasing work-from-home environment.

Check out two new construction property profiles with a great debt coverage ratio. Also, be the first to see new properties in the Proforma by subscribing to the PropertyCast in the link below.

Key Takeaways:

[1:30] Another rate cut by the not-so federal reserve

[4:40] COVID-19 may fade out by springtime

[7:00] The 100k bread-and-butter home holds a profit until your rent drops more than 20%

[9:00] New construction in Jacksonville

[10:37] Debt coverage ratio = how likely am I to ever get into trouble with this property

[13:00] Property Cast - uploaded Proformas in pdf form, distributed like a podcast

[17:30] A new construction in Palm Coast

[21:00] General health: stop high-fiving. Instead, maybe bow?

[24:45] The British government is telling people to avoid human contact for twelve weeks


Jason Hartman PropertyCast (Libsyn)

Jason Hartman PropertyCast (iTunes)

Jason Hartman’s Blogcast

Direct download: CW_1405_Adam_March2020.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman asks Rabbi Evan Moffic back to the show to discuss Biden’s plan to revive anti-discrimination policies at the federal level. If his plan goes through, we can be sure that investors at the very least, will benefit. Don’t forget the important, fourth kind of appraisal. 

If you’d like to live a little longer, drink water, eat healthily, and create wealth. The continuation of today's podcast discusses the recently released statistics making claims that life expectancy is related to wealth. 

Key Takeaways: 

[2:00] What’s Joe Biden doing? A hidden benefit for real-estate investors

[7:16] a result, owner-occupied homes in majority African-American neighborhoods are undervalued by $48,000/home on average

[10:40] The additional fourth (of three) kinds of appraisals; comparison, income, cost, and selling the property to a buyer. 

[15:00] Wealth can contribute to an additional 15 years on your life

[24:30] The health of your body is the health of your cells


Jason Hartman Quick Start

Jason Hartman PropertyCast (Libsyn)

Jason Hartman PropertyCast (iTunes)

Jason Hartman’s Blogcast


Direct download: CW-1404_Evan_Moffic_Anti-Racist_Appraisal.mp3
Category:general -- posted at: 5:00pm EDT

What will happen and what does it mean; the lowest interest rates in history? Jason is joined today by investment counselor, Sara, to discuss some new properties and their benefits. The two discuss the real estate market that has been trending upwards, causing few to want to wait. Don’t try and time the market. Instead, focus on understanding the income property strategy.

Save the date, Meet the Masters 2020 is set for beautiful San Diego, May 2nd and 3rd.

Do you have what it takes to be a successful investor? Don’t forget to check into the Jason Hartman Blogcast.

Key Takeaways:

[2:35] The lowest interest rates in history?

[8:00] The real estate market has been trending upwards, why wait? 

[13:00] In the Dayton market, $119k

[19:10] Meet The Masters 2020 in beautiful, San Diego

[21:10] Do you have what it takes to be a successful investor?

[22:20] What’s your willingness to learn?


Jason Hartman Quick Start

Jason Hartman PropertyCast (Libsyn)

Jason Hartman PropertyCast (iTunes)

Jason Hartman’s Blogcast



Direct download: CW_1403_Sara_March_Proforma.mp3
Category:general -- posted at: 5:00pm EDT

People aren’t the problem, they solve problems. Jason shares news of the Israeli scientists’ claim to a Coronavirus vaccine. The typical income has changed dramatically in 40 years, and so has the way a family’s spending has been shaped. College or internships, the benefits of the latter. Jason answers a question from Florida Rent Control.

In today’s second segment, All ROI is not created equal. Learn one of the most valuable lessons of income property investments, IDEAL. 

Key Takeaways:

[1:30] The Israeli scientists say they have a Coronavirus vaccine coming out in just a few weeks

[2:30] People solve the problems

[5:30] The typical male income no longer covers a family of four expenditures

[10:00] College or internships?

[12:45] Sebastien from - was reading a report from Marcus & Millichap report about Florida Rent Control

[19:00] Acting as a landlord in California can be a risky business

[22:00] All ROI is not created equal

[22:30] Income - cash flow from your investment (rent revenue)

[23:20] Depreciation - a non-cash expense that recognizes the reduction in useable value for a piece of property over time

[23:40] Equity - as the self-liquidating loan payments are made, it results in an increase in wealth for the investor

[24:08] Appreciation - when the value of a property increases over time

[24:50] Leverage - the use of other people’s time and money


Jason Hartman Quick Start

Jason Hartman PropertyCast (Libsyn)

Jason Hartman PropertyCast (iTunes)

Direct download: CW_1402_BlogCast_ROI_Not_Equal.mp3
Category:general -- posted at: 5:00pm EDT

Today's Flash Back Friday comes from Episode 1037, originally published in August 2018.

Today's episode is about one short, simple, beautiful word: DEBT. Fresh off reading/listening to George Graeber's Debt: The First 5,000 Years, Jason delves into the subject matter head first, playing some clips from the book and discussing them in regards to today's world.

Key Takeaways:

[4:34] The recent history of the rotation of the worst big bank in America, Wells Fargo is currently in the lead and had a computer glitch make hundreds lose their homes

[10:06] Why the housing market is actually different this time around

[15:10] Some samples from Debt: The First 5,000 Years

[25:45] It's incredible how throughout history, conquering nations make money by going in, making "improvements" and forcing the newly conquered people to pay for them, or by making them pay back the money the conquering nation spent defeating them

[30:05] The 60s and 70s featured a time where America was prosperous and people were getting cost of living raises and , followed by decades of stagnant wages until Donald Trump


Debt: The First 5,000 Years

Jason Hartman PropertyCast (Libsyn)

Jason Hartman PropertyCast (iTunes)

Direct download: CW_1401_FBF_Debt.mp3
Category:general -- posted at: 5:00pm EDT

Get Ready! Meet The Masters 2020. Jason Hartman presses on through the Coronavirus, always look on the bright side of life. Working from home is increasing the housing market. Our setup for today’s guest speaker is mindset. A great mindset is to keep learning from history, with movies, books, and the works.

Powerful, motivating words from James Malinchak, “Mindset, Skillset, Get off your Asset.” James reminds us of what we have that is great, and how to keep using it. Follow the clues of success.

Key Takeaways: 

[2:00] Meet The Masters 2020, coming up!

[5:40] The world is awash in goods

[13:10] The Coronavirus workaround: to work from home! Is this increasing the demand for housing?

[17:52] James Malinchak

[22:10] The minute you choose to stop learning, you stop earning

[24:05] Success leaves clues

[28:40] Mindset, skillset, get off your asset!


Jason Hartman Quick Start

Jason Hartman PropertyCast (Libsyn)

Jason Hartman PropertyCast (iTunes)

Direct download: CW_1400_James_Malinchak.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman is joined today by mortgage consultant and trainer, Jen Du Plessis. As a real estate investor, it’s great to gain insight on both sides of the mortgage business. Jason and Jen discuss GSE, QM and non-QM loans, as well as the great recession and where the pendulum has moved to now. This leads to a prediction of interest rates dropping even more.

But before that, Jason offers congratulations because rent is on the rise. Listen to some average rent rates across the country and plan accordingly.

Key Takeaways:

[1:50] Investor Congratulations! Rents on the rise

[3:40] Book, “Debt, The First 5,000 Years” by David Graeber

[6:50] Not one person in a thousand can understand our monetary system

[9:00] Landlord vs tenant in NYC 

[12:28] According to Yardi Matrix; About 1.5 million housing units were delivered over the last five years, and 3,000 more expected for delivery this year. A housing shortage? Yes!

[17:00] GSE: Government Sponsored Enterprise

[19:00] What’s QM? And what’s non-QM?

[29:16] From 2004, through the great recession, where is the pendulum now?

[30:20] Right now, the average mortgage company makes $457/loan they originate.

[32:30] Are we going to see interest rates go down even more?


Jason Hartman Quick Start Podcast

The PropertyCast

Direct download: CW_1399_Jen_Du_Plessis.mp3
Category:general -- posted at: 5:20pm EDT

In this episode, Jason Hartman discusses Coronavirus’s impact on the U.S. market. He also speaks on how humans are wired for negative thinking and can be so easily affected by things out of our control. India may or may not have found the motherload of gold, but the land is a limited supply, and it has already been discovered. 

In the second segment, Jason is joined by Joffre LeFevre for an in-depth discussion about the U.S. market, what affects it, and how the global market influences the U.S. economy. 

Key Takeaways:

[1:20] Coronavirus and the market

[6:00] Humans are wired for negativity

[9:08] “Nation makes stunning gold find,” is the gold motherload in India?

[15:05] Coronavirus headlines might just be an excuse for people to sell

[19:00] In regards to the stock market, when do we know when we get to the bottom?

[19:33] 90% Downside days

[27:10] Sources of energy have changed

[31:00] What about negative interest rates?


Jason Hartman PropertyCast

Direct download: CW_1398_Joffre_LeFevre.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman is joined today in Medellin, Columbia with Macro-Addict, Entrepreneur, Investor, and Real-Estate expert, George Gammon. Jason and George discuss U.S. inflation when compared to Columbian inflation and the two different economies to consider. What does this mean for interest rates when considering inflation and taxes? What is the difference between bottoms-up and top-down analysis? And finally, grow smart, not big - the importance of building economic freedom.

Key Takeaways:

[2:32] Inflation in Columbia is 30-40% at times

[4:18] Is inflation always a monetary phenomenon?

[5:45] Two different economies, the financial economy, and the real economy

[7:45] Money is lent into existence

[9:45] Current interest rates in the U.S. are negative after inflation and taxes

[15:45] Bottoms up vs tops down analysis

[22:40] Grow smart, not big

[24:10] More economic freedom, not more revenue


Direct download: CW_1397_George_Gammon.mp3
Category:general -- posted at: 5:00pm EDT

Today's Flash Back Friday comes from Episode 1007, originally published in June 2018.

From the studios of the Financial Survival Network, Jason Hartman and Kerry Lutz get together for this episode to discuss the softening of Dodd-Frank, changes in protections for renters in some markets of the US that are making it harder for landlords, potential uses for Blockchain that could significantly impact the way people invest, and some key economic lessons you have to teach your children.

Key Takeaways:

[5:49] Jason went and got stretched today, and it was quite the experience

[7:07] The FBI says you need to reboot your router ASAP

[8:45] The counter intuitive concept that is slowing home sales in the US

[11:58] If you can trade tokens instead of stocks the transaction fees can be sliced immensely

[15:23] The biggest commitment in precious metals to blockchain

[21:31] Jason & Kerry's thoughts on the changes to Dodd-Frank

[25:58] The #1 thing you need to teach your kids about economics: money always goes where it's treated best

[29:24] The Meet the Masters audio product is now available at


Direct download: CW_1396_FBF_Kerry_Lutz.mp3
Category:general -- posted at: 5:27pm EDT

Jason Hartman makes his way to Medellin, Colombia to chat with George Gammon about creative real estate investing linked to the Colombian Peso and oil. The two discuss the CAPE ratio and what is cheap in the United States.

In our second segment today, Jason is joined by in house economist Thomas Young, to discuss our Presidential Candidates Capital Gains Tax Plans. Do these new Capital Tax Gains Tax Proposals make sense?

Key Takeaways: 

[3:15] George Gammon, what took you to Medellin, Colombia? Pesos and Oil?

[7:05] Real Estate Investor turned reality tv star

[9:25] Colombian house flipping

[13:30] What is the CAPE ratio or Shiller P/E ratio?

[17:15] What is cheap in the United States?

[20:35] In house economist, Thomas Young, and capital gains taxation 

[23:36] Zero Sum Gain

[28:30] The government’s tax code currently encourages investors to take the risk, and that risk is sometimes successful and grows the economy


Direct download: CW_1395_George_Gammon.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman celebrates and encourages the increasing preference of U.S. citizens renting vs owning. Information from CoreLogic invites the question, are tenants getting the better deal renting?

In today’s second segment, we take a look at a smartphone app to boost your real estate investment game. Jason interviews Yaza, CEO and Co-Founder, Peter Sisson, about the key features of this new smartphone app. Learn how to optimize your time and energy with this handy smartphone tool. 

Key Takeaways:

[3:20] CoreLogic says home prices increase will move from 4% to 5.2% this year

[6:05] Are U.S. citizens/tenants getting a better deal renting vs owning?

[11:45] California, now what did you do?

[15:43] What is YAZA?

[17:40] Location-based unedited video for sharing. 

[19:50] Searchable by content, in HD, and it’s not stored on your phone

[23:33] What is a deep-fake?


Jason Hartman Quick Start Podcast

Direct download: CW_1394_Peter_Sisson.mp3
Category:general -- posted at: 5:00pm EDT

Jason is joined with investment counselor Carrie to discuss some more current properties. Take a mini-tour with Carrie in York, Pennsylvania, or listen up for this auditory property tour through Alabama, Georgia, and Indiana. 

In the second segment today, Jason discusses the hybrid approach to property management, prompted by a Voxer message from client Bruce. As well, Jason speaks on three basic economic maladies; inflation, deflation, and stagnation. This drives the show to our final topic of Jimmy Carter and Malthusian thinking. 

Key Takeaways:

[1:20] Atlanta, Georgia area property only 9 miles from the Hartsfield-Jackson Airport

[4:30] Port city, Mobile, Alabama property offers low property taxes

[7:00] Property Tour with Carrie in York, Pennsylvania

[9:00] The latest empowered investor, Bruce, taking the hybrid approach

[11:40] Firing your property manager, self-managing or the hybrid approach. Not all bad or mysterious

[13:30] The three basic economic maladies; inflation, deflation, and stagnation

[18:40] The carter administration was typified by Malthusian thinking 

[19:45] Jimmy Carter’s infamous Malaise Speech


Direct download: CW_1393_Carrie.mp3
Category:general -- posted at: 5:00pm EDT

Today, Jason Hartman is joined with investment counselor, Sara, and they discuss some current properties that you view on the website. As well, the two discuss some common investor questions including the 6% appreciation estimate and strategy for navigating the Fannie Mae, Freddie Mac loan limit. 

In the second segment of today’s show, A Fire-Side Chat, Jason is joined at a live event with three guests. The three guests share a quick background to their real estate journey: the how, the why, and the success of their real estate ventures.

Key Takeaways:

[2:40] If you’d like a private tour with a local market specialist, contact one of our investment counselors

[6:15] Common client questions: Where does the 6% appreciation estimate come from?

[9:10] Fannie Mae, Freddie Mac loan limit is 10 financed properties per person: make a good use of your financing with a fourplex under one conventional loan

[10:00] The debt coverage ratio provides a little comfort for the conservative investors

[12:20] Mortgage Sequencing for loan leverage

[17:15] A fire-side chat with Doug, Evan, and Sara. The barrier to entry and success stories.

[23:04] Are tech startups changing the world? 


Jason Hartman PropertyCast

Direct download: CW_1392_Sara.mp3
Category:general -- posted at: 5:00pm EDT

Today's Flash Back Friday comes from Episode 393, originally published in July 2014.

Jason Hartman and Doug explore the multiple ways in which you can invest in real estate, and the pluses and minuses to each.


Direct download: CW_1391_FBF_Doug.mp3
Category:general -- posted at: 5:00pm EDT

Our mind is the most powerful force known to mankind. Today, Jason Hartman shares some secrets to brain hacking and understanding the flaw of our subconscious mind. After understanding this flaw, we can use it as an advantage for progress. 

In the second segment of today’s episode, we flashback to a narrative about the human brain, and it’s role as a generator. Your brain is not just a processor. 

Today’s final segment is taken from Commandment #3, Stay In Control. 

Key Takeaways:

[1:40] Our mind, the most powerful force known to mankind

[4:20] Brain Hacking, the flaw of the subconscious mind 

[13:45] Creative Visualization: Our mind is so powerful that we can create our future by visualizing it

[18:00] Holographic Brain Theory

[28:06] Commandment #3: Stay In Control (Maintain Direct Control Of Your Investment


Guided Visualization Podcast

Direct download: CW_1390_Visualization.mp3
Category:general -- posted at: 5:17pm EDT

Jason Hartman is joined today with guest, Evan Moffic, in a client case study and phenomenal deal on a short term rental property. With understanding how inflation plus tax deduction works, when compared to your interest rate, you will be getting paid to borrow money. 

Evan shares his thoughts on the natural dilemma that humans aren’t designed to think long term but we should, and with a well built real estate investment portfolio in play. Lastly, Bernie Sanders; What are you doing, What are you suggesting? 

Key Takeaways:

[1:38] A phenomenal deal on a short term rental property bought through the Jason Hartman network

[7:10] The Feds target inflation rate is 2%

[13:50] Getting paid to borrow: interest rate compared to inflation + tax deduction

[17:00] We aren’t designed to think long term

[18:50] Bernie Sanders, keep calling out the banks, but Capitalism isn’t all bad


The Mammoth Cost of Bernie Sanders’ Big Plans

Direct download: CW_1389_Evan_Moffic.mp3
Category:general -- posted at: 5:00pm EDT

The Coronavirus might affect the US housing market in a way that you did not expect. Joining Jason Hartman today is investment counselor, Adam Schroeder. The two discuss the great returns on properties that come across as boring, but make sense the day you buy them.

Refi til ya die! - More details on how and why this is the way to go. And the story behind PropertyCast, the Hartman Method and Schroeder Application to getting the real estate ProForma in simplest fashion.

Key Takeaways:

[1:15] The housing market vs the coronavirus, and its effect on foreign investors

[7:50] Boring properties but great returns

[9:00] Do not go by the greater fool theory applied to real estate, it is a very dangerous strategy

[11:30] Properties that make sense the day you buy them

[14:25] Refi til ya die

[21:00] Don’t wait to buy real estate, Buy real estate and then wait!

[22:00] The birth of PropertyCast



Jason Hartman PropertyCast

Direct download: CW_1388_Adam.mp3
Category:general -- posted at: 5:00pm EDT

Are there any correlations with Real Estate and Great Dating Cities? Investors are more eligible mates. Today, we share a live conference clip with a discussion about timing the market and answering the valuable question, “Where not When!”

In the final segment of today’s episode, Jason answers a listener’s question about timing the market.

Key Takeaways:

[1:30] Crazy life: Bullseye with an ax, a business cruise, Aspen to Tampa

[4:00] Valentines Day and Real Estate: Investors and homeowners are more eligible mates!

[6:45] Top ten Best & Worst cities for dating in the USA

[13:10] It’s better to know which market to be in than to wait

[14:15] People rarely calculate the returns the period they are waiting

[15:00] Timing the market = regrets waiting

[23:05] A listener’s question about Timing the Market

[28:30] Don’t be so partisan all the time, give people credit where it’s due. Look at our economy now


The Best & Worst Metros for Dating 2020

Direct download: CW_1387_Jason.mp3
Category:general -- posted at: 4:59pm EDT

Today's Flash Back Friday comes from Episode 1007, originally published in June 2018.

From the studios of the Financial Survival Network, Jason Hartman and Kerry Lutz get together for this episode to discuss the softening of Dodd-Frank, changes in protections for renters in some markets of the US that are making it harder for landlords, potential uses for Blockchain that could significantly impact the way people invest, and some key economic lessons you have to teach your children.

Key Takeaways:

[5:49] Jason went and got stretched today, and it was quite the experience

[7:07] The FBI says you need to reboot your router ASAP

[8:45] The counter intuitive concept that is slowing home sales in the US

[11:58] If you can trade tokens instead of stocks the transaction fees can be sliced immensely

[15:23] The biggest commitment in precious metals to blockchain

[21:31] Jason & Kerry's thoughts on the changes to Dodd-Frank

[25:58] The #1 thing you need to teach your kids about economics: money always goes where it's treated best

[29:24] The Meet the Masters audio product is now available at


Direct download: CW_1386_FBF_Kerry_Lutz.mp3
Category:general -- posted at: 5:00pm EDT

Greetings from Sarasota, Florida! Jason Hartman shares the good news, “America is Increasingly, A Nation of Renters!” What socioeconomic changes have prompted this shift in the last decade, and how does it benefit the real estate investor?

In the second part of today’s show, we share a clip from a live conference. Jason asks, “What got you into real estate?” Doug and Evan both share a bit about Equities vs. Real Estate Investing and Self-management.

Key Takeaways:

[1:35] Good news from CBS News, “America Is Increasingly, A Nation of Renters”

[3:16] The renter class has changed, is it now acceptable to rent?

[14:55] Inflation induced debt destruction, IIDD, looks at the way you get paid to borrow money over time

[17:35] A Live conference chat with Evan and Doug: Self-management, & Equities (stocks) vs Real Estate Investing

[18:00] “You can never make enough money with your own two hands”

[19:45] The tech revolution has made real estate more valuable


Direct download: CW_1385_Renters.mp3
Category:general -- posted at: 5:32pm EDT

In today’s episode, Jason questions California’s proposal to use its eminent domain power to take over properties for rent control. What does this do to/for the landlord? The effects of the coronavirus on the human race and the economy aren’t something to ignore.

Investment Counselor, Adam, returns to the show with our February 2020 Mortgage Rate Update.

Key Takeaways:

[1:05] The “Socialist Republic of California” took some huge steps toward economic suicide. Is California Rent Control a mistake?

[7:33] Money goes where it’s treated best

[11:20] Three forms of power: violence, capital, and information

[13:45] What is to come of the potential pandemic of the coronavirus?

[16:20] Investment Counselor, Adam, with our February 2020 Mortgage Rate Update

[25:00] Reach the Jason Hartman Investment Counseling Team, 1.800.Hartman


Direct download: CW_1384_Mortgage_Update.mp3
Category:general -- posted at: 5:52pm EDT

Congratulations to our Super Bowl 54 Champions, The Kansas City Chiefs, and the supporters of Brexit! Are you a HENRY? Big problems and big success run in the same circle.

Today, Jason Hartman speaks on Commandment No. 3 of the 21 Commandments of Successful Investing, “Thou shalt maintain control.” As well, he shares some interesting business concepts developing with Cloud Kitchens. And, Is there any legitimacy to the Super Bowl Indicator?

Key Takeaways:

[2:44] Welcome to HENRY: High Earner, Not Rich Yet!

[9:26] If you have bigger problems, it’s probably because you have more success

[10:42] “It’s not what we get by reaching our goals that matters, it’s who we become just by trying” -Zig Ziglar

[12:12] Commandment No. 3 of 21 Commandments of Successful Investing: Thou shalt maintain control

[24:35] When you own the real estate, you own something real

[25:00] Have you heard of Ghost Kitchens?

[28:00] The Super bowl Indicator: Does Kansas City’s win actually give us a good indicator of what will happen this year with the S&P 500?


Direct download: CW_1383_Jason.mp3
Category:general -- posted at: 5:00pm EDT

Super-Monday, the youngest Creating Wealth listener and a letter about money from the late great Kobe Bryant. Today, investment counselor, Naresh returns with questions for Jason about a few investment properties in “The Vegas of the South,” and Citrus Springs Florida. Jason elaborates on the recurring real estate investment theme of “Refi ‘till you Die.” And finally, the importance of understanding ROA (Return On Amortization).

Key Takeaways:

[4:28] A Fourplex, new home construction deal!

[7:05] Tunica Resorts property, the Vegas of the South

[8:32] 32% return on invest IS a conservative number in a multidimensional asset class

[8:50] How To Analyze an Asset Class, Free Video -

[9:45] Advice on money, from a letter that Kobe Bryant wrote

[15:30] “Refi ‘till you Die” plan

[16:20] ROA return on amortization

[26:50] Citrus Springs, Florida


Mamba Mentality: The Mindset That Made Kobe Bryant a Master

Direct download: CW_1382_Jason.mp3
Category:general -- posted at: 5:00pm EDT

Today's Flash Back Friday comes from Episode 1048, originally published in August 2018.

Jason Hartman discusses some of the main stories in the news today. The first story is one of the reasons Jason created Commandment #3 (Thou Shalt Maintain Control), the next is a potential sign of a market slowdown from none other than the scandal plagued Wells Fargo, then the potential return of risky loans. Finally we wrap it up with a story on how California might make it even more expensive to live there.

Key Takeaways:

[2:09] Forgetting Commandment #3 can often be an expensive lesson and the biggest Ponzi scheme in the world

[6:52] Always think of opportunity cost when you have money sitting around

[12:20] A potential sign of a market slowdown from Wells Fargo

[16:49] The housing market is slowing from the top down and hasn't hit the type of homes that Jason's network sells

[20:44] Are banks starting to push risky loans?

[26:07] California is considering changes to Prop 13 and home requirements, which Jason believes would be devastating for real estate holders


Jason Hartman's Alexa Flash Briefing

The PropertyCast

Direct download: CW_1381_FBF_Jason.mp3
Category:general -- posted at: 5:00pm EDT

Rabbi Evan Moffic, author of The Happiness Prayer, joins us from the Profits of Paradise conference where he speaks on happiness and what leads to a meaningful life. His rich insight on religion, capitalism and happiness give us a new way of approaching personal gain and how we can share that with others. And he invites us to ask ourselves, does more money lead to more happiness?

Key Takeaways:

[3:00] If money doesn’t buy happiness, does poverty buy happiness?

[4:05] Are Super Bowl tickets affected by inflation?

[8:00] Fannie Mae issues a warning about fake companies

[17:50] Does money make us happier?

[21:00] From 1-10, how satisfied are you with your life, and does your income affect that?

[22:56] Happiness is a kind of currency

[26:25] PERMA: Positive emotions. Engagement. Relationships. Meaning and purpose. Accomplishment.

[29:30] Love of money is the root of all evil, not money itself.


Direct download: CW_1380_Evan_Moffic.mp3
Category:general -- posted at: 6:14pm EDT

Every deal seems too expensive at the outset. Jason Hartman speaks on the Cap rate or less affectionately called, “The Crap Rate” as a faulty metric. And another proof of commandment number 3 of 21 Commandments of Successful Investing, what did Robert Morgan do?

Jason Hartman talks with Jonathan Slain, a high growth leadership coach, founder of, and author of Rock the Recession, about how to prepare your business to ensure that you not only survive, but thrive through recessions. Having a war chest BEFORE it starts is absolutely crucial to your continued success, so make sure you have a plan and rock your way through any recession.

Key Takeaways:

[5:37] Every deal becomes a good deal looking in the rear view mirror

[11:35] How do you grow during a recession?

[15:20] You can increase your business significantly by spending into a recession

[21:00] Make sure you have a recession plan BEFORE the next recession

[23:20] Why Jonathan thinks a pullback will happen in 2020

[27:27] Examine your business to find what you can do that will make your competition irrelevant

[31:00] The big opportunities lie on the fringes of creativity


Rock the Recession: How Successful Leaders Prepare for, Thrive During, and Create Wealth After Downturns

Direct download: CW_1379_Jonathan_Slain.mp3
Category:general -- posted at: 5:00pm EDT

Thou shalt diversify. The continuation of our discussion on due diligence. Jason and Adam present tips on investigating the areas in which you own property. Use tools like Google street view to take a tour of the surrounding areas to understand the influences for value and rent.

Adam shares a real life scenario on a property in Merrillville, Indiana. Find out what questions you should ask before investing in a property.

Key Takeaways:

[3:00] Thou shalt diversify. Diversity into three to five markets.

[5:55] Use google street view to understand the areas that surround your investment.

[8:30] Check with local property management companies to confirm rent estimates.

[11:15] Put the system to work with a real life evaluation of a current property.

[14:10] The institutional apartments do a really good job of squeezing the rent out. We should be demanding more for our properties.


Direct download: CW_1378_Adam_2.mp3
Category:general -- posted at: 5:00pm EDT

Do the Due! Do your due diligence. Jason Hartman speaks with investment counselor Adam Schroeder about key aspects of income property investing including; checking home prices and contacting the Tax Assessor. The two give insight on working with lenders and the importance of home inspection and re-inspection.

Key Takeaways:

[4:00] Where to find pricing: MLS, Zillow and Tax Assessor

[9:10] Pictures can be insanely misleading. Sometimes, it’s not even the same house.

[14:25] A quick call to the country tax assessor can give you a ballpark estimate on taxes for an investment property.

[19:35] Lender deals can change due to dynamics of reevaluations.

[24:00] The licensing laws vary from state to state, check the requirements for you state


Direct download: CW_1377_Adam.mp3
Category:general -- posted at: 5:00pm EDT

Today's Flash Back Friday comes from Episode 1022, originally published in July 2018.

Jason Hartman takes a turn to the listener mailbag while talking with Kerry Lutz, founder of the Financial Survival Network. Today's topics run the gamut from when to rent your personal residence, how RV ratios work around the world, how to work with Jason, and how to get OUT of the real estate game as you get older.

Key Takeaways:

[2:41] Why Jason has long believed the idea of public unions is ridiculous

[6:27] The stigma between renters and home owners seems to be disappearing, if not already completely gone

[9:54] Mason's question on renting his primary residence

[18:42] RV Ratios apply world wide

[19:23] How is depreciation unwound?

[24:58] Is it wise to put 100% down on a property if you have the cash?


Direct download: CW_1376_FBF_Kerry_Lutz.mp3
Category:general -- posted at: 5:00pm EDT

Successful people aren’t martians! Success is possible for everyone. Jason Hartman speaks on taking advantage of a lucky situation by preparing for the opportunities that will inevitably drop into our lives.

Then, Jason and George Gammon return for the conclusion of our three part story: the building blocks of the Jason Hartman Risk Evaluator. Jason also shares a modern day story taking place in Seattle, proving once again the risk of investing in a cyclical market.

Key Takeaways:

[3:45] The vast majority of us came from very humble beginnings

[8:06] “Luck is what happens when preparation meets opportunity” - Seneca

[10:24] The content is what happens, the context is the environment (our head) it happens in

[17:45] The risk when investing is in high land values

[18:26] Three types of markets: linear, cyclical and hybrid. What market is a preferred market for investing?

[23:00] Low land value equals low risk, high land value equals high risk

[28:10] Human biases: recency bias, sunk-cost bias, and certainty bias can all distract an investor


The PropertyCast

Direct download: CW_1375_George_Gammon3.mp3
Category:general -- posted at: 5:00pm EDT

In Part 2 of this 3 part series, Jason Hartman breaks down the ingredients of a house, otherwise known as “the improvement.” Jennifer, the insurance agent, is a key to understanding the land versus improvement value, and George Gammon shares an exhausting experience with lot subdivision and development. Eric, the appraiser comes out with good news prompting the question, “how would you allocate the new value between the two primary components, land and improvement?”

Key Takeaways:

[8:13] CPA (Cost Per Action) and is it applicable in a Real Estate Investment

[13:37] The ingredients of a house starting with raw materials

[16:46] “When I’m looking at an income property... I look at it as though I’m buying a stream of cash flow.”

[13:38] The ingredients of a house, labor costs

[24:06] The ingredients of a house, regulations

[27:20] The ingredients of a house, cost of energy

[29:05] “How do I know the land value vs the improvement value?”


Direct download: CW_1374_George_Gammon2.mp3
Category:general -- posted at: 5:00pm EDT

George Gammon interviews Jason Hartman about The Jason Harman Risk Evaluator. In Part I of this three part series, Jason describes his ‘aha moment’ after 19 years of experience in Real Estate. The story begins with a call from Jennifer, an insurance agent in Irvine, California that leads to the necessity and application for understanding the LTI (Land to Improvement ratio).

Key Takeaways:

  • 1:10 Homework Assignment - GDP, Per Capita GDP, PPP

  • 16:20 “No such thing as a passive investment”

  • 18:03 The Hartman Risk Evaluator, LTV and LTI ratios discussed

  • 21:28 The call from Jennifer, the insurance agent

  • 23:45 What factors increase improvement value


The Rebel Capitalist Show

Direct download: CW_1373_George_Gammon_1.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman speaks with returning guest and author of the book, “Heads I Win Tails You Lose,” Patrick Donohoe. The conversation touches on topics of an ever changing world culture that continues to reshape how we approach wealth, the freedom to do, and in what we find meaning. Despite some of the chaos and cultural decay, the 2020’s are going to bring some excitement to the world.

[20:40] It’s not freedom from having to do something, it’s freedom to do something.

[22:07] The order of magnitude: an interesting time in history where we are going to see massive change.

[24:00] The rising 3 billion, that aren’t online yet: If you think that society has benefited from sharing knowledge, you’re right.

[26:38] There will always be winners and losers

[28:40] The Ritz Carlton Slogan discussion: “Systemize the predictable so you can humanize the exceptional.”

[32:27] People are still trying to find meaning in other things.

[33:16] A little bit of struggle is good for the human spirit


Direct download: CW_1372_Pat_Donohoe.mp3
Category:general -- posted at: 5:00pm EDT

Today's Flash Back Friday comes from Episode 1035, originally published in August 2018.

Jason Hartman starts off today's episode with a tale of his current lawsuit and the experience it's given him with the legal system. The way our current system is set up nobody wins, and there doesn't seem to be a lot of accountability going on either.

Jason also plays some Voxer messages from client Drew Baker about his recent experiences doing self management. After that Jason finishes up his interview with podcast producer Adam Schroeder. This time the two discuss finding repair people, what to expect from property management software, whether to allow grace periods and what kind of late fees to charge.

Key Takeaways:

[1:57] Nobody wins in our current legal system

[6:04] Get the latest properties available from Jason through the PropertyCast

[7:38] Drew's experience self managing

Adam Schroeder Interview:

[13:32] You should have a clause in the lease stating which repairs the tenant is responsible for

[17:58] What to expect from property management software

[22:01] The importance of an increasing late fee


The PropertyCast

Direct download: CW_1371_FBF_Adam.mp3
Category:general -- posted at: 5:00pm EDT

Did you know that there are more than 200 markets across the United States where the "typical" home costs more than one million dollars? Jason Hartman explores what is going on with home prices and where some surprising locations are that have incredibly high real estate prices.

Then Jason talks with Pat Hiban, author of Tribe of Millionaires: What is One Choice Could Change Everything? and co-founder of GoBundance, about the multiple effects that are in our lives and how we can situate ourselves in a way that we can live our best life.

Key Takeaways:

[2:07] There are over 200 cities where the "typical" house is over $1 million

[7:04] Some surprising cities that made the million dollar list

Pat Hiban Interview:

[13:34] Be careful in good times like these that you're not dealing with people who are just skimming the cream off the top and won't be here for you when things turn

[25:36] The "one sheet" idea Pat uses in his masterminds

[29:02] The Connection Effect


Direct download: CW_1370_Pat_Hiban.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman and investment counselor Carrie go over how the network functions. The two explain the process of finding properties, getting financing, evaluating the provider, and choosing property management. This can seem to be a daunting task, but that's why the network exists: to provide the complete solution for real estate investors.

Key Takeaways:

[5:08] The middle market between Fannie Mae/Freddie Mac loans and hard money has been a boon for investors

[10:52] Keep your investment counselor in the loop with your purchases, having a Jason Hartman email address in the thread helps things move faster

[14:34] Form relationships with market specialists so that you can know what you're getting into with future properties


Direct download: CW_1369_Carrie.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman and Rabbi Evan Moffic take a look at America's one affordable trophy city: Chicago (which just so happens to be where Evan lives). The two explore the things going on in the area that are helping drive business and helping investors in the area make some good money.

Then Jason and Evan explore the Memphis market and what the two like about the future of the city.

Key Takeaways:

[8:28] YouTube offers the ability to learn anything

[12:15] Chicago is the only cheap, iconic city in America

[16:04] Democrat leaders in Chicago have still been pro-business

[19:02] 2 big things that are happening in Chicago right now that are good for investors

[22:09] Evan's thoughts on the Memphis market


Direct download: CW_1368_Evan.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman and Investment Counselor Sara take a look at what they like about the Orlando market, in terms of the city itself and the team that's providing properties there. They also explore some of the ways that pro formas can be manipulated and why new construction is able to outperform projections.

Key Takeaways:

[2:43] Why Sara likes the Orlando market and team

[7:05] Things are going to get worse for both homeowners and renters unless we can get the cost of materials and construction under control

[10:46] Why rent guarantees are overrated

[12:50] Other areas where new construction is available


Direct download: CW_1367_Sara.mp3
Category:general -- posted at: 5:00pm EDT

Returning guest Adam Schroeder joins Jason Hartman for this episode, as the two discuss the steps for transitioning from professional management of rental properties to self management. Adam and his wife have 3 (going on 4) properties and are thinking that the time is soon coming to venture out on their own. But before doing that there are some important things to do like what information to get from your property manager, what kind of initial contact to have with the current tenant, finding forms and contracts when you're finding/reupping tenants, pet rent, and more.

Key Takeaways:

[3:36] Why Jason loves a good recession

[8:29] Jason's been involved in around 10,000 real estate transactions

[13:08] Sometimes removing a property manager actually makes things easier

[16:27] The information you need to get from your current property manager if you're going to make a switch

[21:26] A way to change your relationship with your property manager rather than completely ending it

[24:09] Bad property manager reviews on sites like Yelp might be a good thing, that's why you have to read them

[29:23] Insurance: individual policies or a commercial policy?


Direct download: CW_1366_FBF_Adam_Schroeder1.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman and economist Thomas look back on the 2010s to see what the biggest stories were for investors. From the War on Terror to Obamacare to the aftermath of the Great Recession, it was a decade fraught with ups and downs that provided opportunities for investors to make good money.

Key Takeaways:

[5:13] The 10th biggest story of the decade: the War on Terror explodes the deficit

[8:20] Why European debt issues will come to the fore in 2022

[12:37] The idea of Purchasing Power Parity and what it says about China's economy vs the US

[16:42] As much as Jason doesn't like Obamacare, it makes the list of Top Stories of the 2010s

[26:53] What Jason learned years ago during his day as a lobbyist

[29:10] Thomas is seeing at least a 15% drop in the market coming when the Fed decides to let risk enter the market again


Direct download: CW_1365_Thomas.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman and Lisa take a look at the phenomenon that's sweeping homebuilders across the country: build to rent. It's something that's not been done before and that Jason takes as a very positive sign for renter growth moving forward. Jason and Lisa then discuss whether the differences between new builds and renovated properties before moving into some market profiles in Florida and Oklahoma City, where we are happy to be venturing back into.

Key Takeaways:

[2:34] What the build-to-rent phenomenon means the builders are thinking

[6:06] Even Toll Brothers is getting into the Build-to-Rent phenomenon

[12:05] Jason's thoughts on appreciation of new home builds vs renovated properties

[17:27] A clip on the growth going on in Florida. The new Texas?


Direct download: CW_1364_Lisa.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman and Investment Counselor Adam take a moment today to discuss the hot topic of Modern Monetary Theory (MMT). Adam, being a big proponent of MMT, plays a clip from a recent episode of The MMT Podcast and discusses what MMT is, how we can use it in our observation of the economy, and what it can mean for our investing. After they finish up their MMT talk, the two profile a property that's available in the Atlanta, GA market.

Key Takeaways:

[3:49] How money becomes money

[8:03] Why Adam and Jason think cryptocurrencies not backed by the government will never thrive

[14:25] What we actually need to worry about when we have a tax cut or increase in government spending

[17:37] Shrinking deficits lead to pullbacks and federal surpluses lead to recessions

[25:40] Property profile in Atlanta


The MMT Podcast

Direct download: CW_1363_Adam.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman and economist Thomas look back at some of the happenings of 2019 and then try to envision what's going to be happening in 2020. The primary thing being discussed today is the yield curve. There is constant talk about how a negative yield curve signals recessions, but how long does it have to be negative? Were we inverted too long in 2019? How long before we see the results of the negativity? Jason and Thomas try to answer all these and more.

Key Takeaways:

[4:13] What does the yield curve exploding mean?

[7:17] Why an economist is saying that real estate is less risky than stocks in 2020

[12:36] Hybrid markets had a good 2019 and look like they'll have a good 2020 as well

[13:38] A CNBC clip about the yield curve

[18:14] The Fed has the dual mandate of moderate to low inflation with maximum employment, but they seem to consider financial stability as a 3rd mandate


Direct download: CW_1362_Thomas.mp3
Category:general -- posted at: 5:00pm EDT

Today's Flash Back Friday comes from Episode 1001, originally published in May 2018.

Creating Wealth's 1001st episode is a time to take a look back at the people who have made this show possible: the listeners and clients. Jason has been blessed to have such great clients who come on the podcast to tell other listeners about their real estate journey. Today we've curated some mini client case studies as we look back at what actual real estate investors have to say about their experience working with Jason.


Direct download: CW_1361_FBF_Mini_Case_Studies.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman explores what's happening in America today when it comes to population growth (or the lack thereof). When you look at the demographics of babies being born today and what the housing market is going to need in 30 years, it's not a great thing for society. But that's why investment real estate can protect us.

Then Jason talks with Quint Studer, author of Building A Vibrant Community: How Citizen-Powered Change Is Reshaping America and founder of Studer Community Institute, about how he was able to change Pensacola, FL and how other areas could be renovated using the exact same strategies that he employed.

Key Takeaways:

[2:43] 3 basic things that comprise population trends

[7:56] Construction in the 2010s was virtually non-existent

Quint Studer Interview:

[14:23] The components of Pensacola's turnaround

[17:58] In the midst of the Retail Apocalypse, what is actually working in retail?

[21:40] Civic Conversations, bringing in experts to discuss their specialties, opened up opportunities they didn't realize would happen

[24:28] There needs to be heavy investment into skill development


Direct download: CW_1360_Quint_Studer.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman and Investment Counselor Adam take the first day of the year to challenge every listener to sit down and make an investment plan for the year. Yes, New Year's Resolutions are cliche, but making a plan is better than not, and it's important to push yourself. You want to make it hard to reach, but not impossible. You need to take inventory of the things in your life you have, the things you can monetize, the things you can cut back on, and the things you can't or won't cut back on. After doing this you'll have a realistic look at what you can do to invest in your future.
Key Takeaways:
[8:47] You want your New Year's goals to be just out of reach but not out of sight
[13:39] A Jacksonville, AR property profile
Direct download: CW_1359.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman and Rabbi Evan Moffic take today to review "the best decade in human history". As 2019 ends and we look forward to 2020, Jason and Evan discuss how the real estate market has transformed since 2010. They also examine the mindset of investors that invested through the Great Recession. Lawrence Yun's expectations for 2020 are also dissected.

Key Takeaways:

[3:16] We are wrapping up the best decade in human history

[6:48] What qualities did the people who invested in real estate through the Great Recession have?

[11:56] Lawrence Yun's 2019 real estate year in review

[15:50] Climate change has caused the Northwest Passage to open up, which is huge for shipping

[18:51] Yun's prediction for the housing market in 2020

[24:26] Will the flow of people to cheaper cost of living states continue in the 20s?

[29:34] The "Collapse of Brands"


Direct download: CW_1358_Evan_Moffic.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman and Investment Counselor Adam start today's show discussing what could happen to the cost of lumber and the cost of home construction based on the potential passage of the US-Mexico-Canada trade deal. With the deal already through the House and awaiting the Senate approval, it could have significant ramifications.

Then Jason talks with Nick Vertucci, author of Seven Figure Decisions and founder of NV Real Estate Academy, about Nick's journey through the real estate world after his tenure in the tech industry. Nick spills the details of his change and why he switched from selling and flipping to educating. The two discuss the downsides of real estate, but also the incredible rewards that can come if you stick with it, make decisions and keep moving forward.

Key Takeaways:

[3:48] The US-Mexico-Canado trade agreement could have a big impact on real estate investors

[8:46] The price of lumber stabilizing would be fantastic for investors who are trying to figure out the cost of construction moving forward

Nick Vertucci Interview:

[14:10] Nick's journey from selling and flipping real estate to the education side

[20:38] Nick's first realization that he was making 7 figure decisions, and what true leaders all have in common

[23:40] Real estate isn't perfect, and it isn't easy, but it can bless you significantly

[27:22] Whether it's full or part time, have the entreprenuerial spirit and go create wealth

[29:15] Decision making is one of the most importan things a successful person has to have


Seven Figure Decisions

Direct download: CW_1357_Nick_Vertucci.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman starts off today's episode with a little talk on where interest rates may be headed (according to one economist) and how that would impact current real estate investors. Hint: it's a pretty good thing. He also has to throw in a qualifier to his "Amazing time to be alive" mantra, because there are a few things that aren't amazing right now.

Then Jason finishes up his interview with John Tamny, director for the Center for Economic Freedom, Editor of Real Clear Markets, and author of Who Needs the Fed?: What Taylor Swift, Uber, and Robots Tell Us About Money, as the two discuss the impact of automation on all aspects of our life. John is excited about what all of this change will mean for the common worker and believes it will lead to higher quality of life for all.

Key Takeaways:

[4:12] A qualification to the beloved Jason mantra of "It's an amazing time to be alive"

[7:18] Let Jason control the music and he cares not who controls the laws and the money

[12:13] What Martin Armstrong thinks interests rates will be jumping to

[15:28] Investors already in the game are praying for higher interest rates

John Tamny, Part 2

[20:18] Automation is going to lead into a surge in new kinds of jobs

[25:00] The demand for entertainment and service is going to explode

[26:49] Tamny's Law: as prosperity grows more and more people escape laziness because they find work they love

[28:29] John's thoughts on Universal Basic Income


Direct download: CW_1356_FBF_John_Tamny2.mp3
Category:general -- posted at: 5:00pm EDT

On the day after Christmas, Jason Hartman takes a look at the amazing economy the North Pole is able to have. With massive exports and limited imports, it's truly impressive what they've been able to do. The main thing the North Pole has that no other country has is big data. What they have puts the companies like Facebook to shame.

Then Jason wraps it up by talking about the explosive growth in population that Florida has been experiencing.


The Economy of the North Pole

Direct download: CW_1355_North_Pole.mp3
Category:general -- posted at: 5:00pm EDT

Merry Christmas from Jason Hartman!

Jason shares one of his favorite poems that he discovered when he was only 17 years old. He learned it from Denis Waitley, but he wasn't the original author. Jason reads the poem and expresses his feelings about one of his favorite parts.



Direct download: CW_1354_Merry_Christmas.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman and his mom take this Christmas Eve to evaluate how the United States was able to go an entire decade without going into a recession. This is something that has never been done before, so why did it happen now? The two listen to a CNBC story and break down each of the points: sometimes agreeing, sometimes pointing out flaws in logic.

Then to cap off the episode, Jason's mom discusses her recent 3 day property tour of the Space Coast and how it reminds her a little bit of California.

Key Takeaways:

[3:14] CNBC clip about the US avoiding a recession for all of the 2010s

[7:00] GDP in the Great Recession dropped over 4% and some believe the unemployment rate (the unofficial one at least) was as high as the Great Depression

[11:57] There was relative price stability in the previous decades, but there was also wage stagnation

[21:47] Jason's mom's best advice for how to figure out what's going on in the economy

[24:09] Will Universal Basic Income become necessary when technology really kicks in?

[27:57] There may not be much of a bust coming because there hasn't been a huge boom

[28:23] Jason's mom's takeaways from her 3 day property tour of the Space Coast


How The U.S. Avoided A Recession For A Decade - CNBC

Direct download: CW_1353_CNBC.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman talks with NJ Ayuk, Executive Chairman of African Energy Chamber, CEO of Centurion Law Group, and author of the new book Billions At Play: The Future Of African Energy And Doing Deals, about the development that's happening inside Africa. Many outside of Africa view the continent with skepticism, but there's a big shift happening, especially in the banking sector (or lack thereof). Jason and NJ discuss some ways that Africa in general is beating first world countries, as well as how a shift toward property rights could go a long, long way toward more prosperity.

Key Takeaways:

[3:54] Jason believes Nixon went to China to open up a cheap labor market

[6:06] Is Africa the next low cost labor market?

NJ Ayuk Interview:

[10:47] Africa may not have first world countries, but it has some infrastructure that's better than countries like the US

[14:04] Africa, unlike the United States, is not banking centric

[17:42] Money transfers have gotten so fast and easy that illiterate grandmothers are doing it

[21:21] What NJ views as the bedrock of a strong society


Direct download: CW_1352_NJ_Ayuk.mp3
Category:general -- posted at: 7:08pm EDT

Today's Flash Back Friday comes from Episode 1003, originally published in May 2018.

Jason Hartman kicks off the show with listener Nate and his mom discussing what was learned during the recent Creating Wealth seminar, as well as getting some tips about how to create long-term tenants who are understanding of rent increases.

Then Jason talks with John Tamny, director for the Center for Economic Freedom, Editor of Real Clear Markets, and author of Who Needs the Fed?: What Taylor Swift, Uber, and Robots Tell Us About Money about why he believes the Fed doesn't have anywhere near the power they're given credit for, why their policies aren't effective in today's world, and why demographics may not be as useful as they're believed.

Key Takeaways:

[5:01] If your tenants are there too long it might be a sign your rent is too low

[10:22] Some tips on long-term tenant retention

[14:49] Evictions don't just stem from not paying rent

John Tamny Interview:

[19:57] How Uber made John realizing something about the Fed

[23:40] The importance of the Fed is vastly overstated

[28:42] The idea that the rest of the world is in on some deal where they hold worthless treasuries isn't realistic

[31:39] Demographic arguments regarding Japan don't hold a lot of weight with John

[35:26] Money flows to its highest use, regardless of the Fed


Direct download: CW_1351_FBF_John_Tamny1.mp3
Category:general -- posted at: 5:00pm EDT

What can you do when the government comes and seizes your assets? Jason Hartman and David Kirby, investigative journalist and author who was a regular contributor to The New York Times, Huffington Post and TakePart, and author of the new book When They Come For You, look into the practice of asset forfeiture, both civil and criminal. The two search for answers to the question of what regular citizens can do about the problem, as well as which states are really leading the charge in protecting their citizens.

Key Takeaways:

[1:40] Police departments have become the modern day debtors prison

[6:40] The issue of debtors prison goes far beyond just the person who's incarcerated

[10:10] The egregious action of civil forfeiture

[17:31] What we can do about asset forfeiture

[20:40] Nebraska and New Mexico now have no asset forfeiture and 15 states now require a criminal conviction


Direct download: CW_1350_David_Kirby.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman starts today's show examining a PBS News Hour story about the legacy of Paul Volcker. As you know, Volcker passed away recently, but the impact he had on multiple presidents still resounds.

Then Jason talks with Rabbi Evan Moffic about where we might be in the business cycle as we continue moving along in the longest economic recovery in recent history.

Key Takeaways:

[5:47] PBS News Hour story on Paul Volcker

[9:10] Reagan's business plan was to put the Soviet Union out of business, and running up the deficit didn't cause the inflation everyone expected

[16:42] The next recession will not be real estate led

[19:39] The recovery didn't hit "par" from the Great Recession until 2013, so it's not quite so surprising we haven't had a recession in a decade


Remembering former Fed chair and economic giant Paul Volcker

Direct download: CW_1349_Evan_Recession.mp3
Category:general -- posted at: 5:33pm EDT

Jason Hartman starts today's episode from the Ritz-Carlton in Key Biscane, FL. He has created a new ratio for you to think about that can be put alongside the Rent-to-Value Ratio and all the other ones Jason has coined. Then he explores the concept of the unemployment rate versus the labor participation rate, the differences between them and what that means.

Then investment counselor Adam joins Jason to discuss a property in Mobile, AL and also to look at the growing wages in specialized blue collar jobs. The two explore how this will impact real estate values and what it could mean to 4 year colleges.

Key Takeaways:

[5:06] Jason's newest ratio

[8:52] Unemployment Rate vs Labor Participation Rate

[13:32] The discouraged worker skews unemployment stats

[15:02] A property profile in Mobile, AL

[18:56] Blue collar wages are enticing people away from 4 year colleges

[24:28] How rising blue college wages rising could impact real estate and the cost of repairs to our investment properties


The Unemployment Rate and the Labor Force Participation Rate Compared in One Minute

Is the Unemployment Rate Lying to You?

Direct download: CW_1348_Adam.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman starts today's show discussing the level of home flipping that's in the market right now. We're at a 7 year low, which means something in the marketplace today. It's important to accept today's landscape and figure out ways to invest in spite of that.

Then Jason talks with Chris Mason, mortgage broker, about what is happening in the mortgage market today, lending standards, and whether we're in danger of seeing another bubble burst.

Key Takeaways:

[2:47] Home flipping isn't what it used to be, reaching a 7 year low

[8:02] We need to accept reality that inventory is tight and properties are more expensive

[11:25] The magic 2 words for a landlord

Chris Mason Interview:

[15:26] What increased loan limits mean for the mortgage market

[19:23] Are FICO scores really a good criteria for borrowers?

[22:16] Are financing rules getting too liberal again?

[26:15] Are interest only loans still available?


Direct download: CW_1347_Chris_Mason.mp3
Category:general -- posted at: 4:56pm EDT

Today's Flash Back Friday comes from Episode 1009, originally published in June 2018.

Jason Hartman talks with Financial Survival Network's founder Kerry Lutz for the whole episode today, as the two discuss the very important concept of financial repression. While financial repression is bad for individuals, it can be very lucrative for people who have invested in real estate properly in their younger years.

The two also discuss the current phenomenon of "tax refugees" being created by states like California, and where these refugees are fleeing too, as well as when they expect any economic pullback to happen and what Trump is doing that the mainstream media isn't paying attention to.

Key Takeaways:

[6:03] Make sure you get a home inspection and make sure you actually read it and learn the language

[9:211] What is financial repression?

[13:09] Financial repression is a great opportunity for those who invest in real estate

[16:45] Tracking the "tax refugees" leaving California

[23:16] What kind of economic outlooks has Kerry been hearing from the guests on the Financial Survival Network?

[27:14] The mainstream media is missing the fact that Trump is now making large chunks of the government irrelevant


Direct download: CW_1346_FBF_Kerry_Lutz.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman and investment counselor Adam explore the phenomenon of aging homebuyers in this episode before getting to some listener questions. Since the Great Recession the average age of homebuyers has skyrocketed into the upper 40s, about a decade older than it was before. Adam and Jason explore the reasons behind this shift and what it could mean for investors moving forward.

Then Jason and Adam answer 2 listener questions, one about Capital Expenditures and one about when NOT to do a 1031 Tax Deferred Exchange.

Key Takeaways:

[4:16] The median age of homebuyers is now 47

[7:30] The downside of home ownership in this digital nomad society

[12:06] The history of homebuyer ages

[17:37] Are big CapEx like roofs and HVAC included in the pro forma maintenance percentages?

[21:12] Always ask for a Scope of Work prior to entering into a contract

[23:16] When shouldn't you do a 1031 Exchange?

[27:56] A property profile in Indiana


Direct download: CW_1345_Adam.mp3
Category:general -- posted at: 5:11pm EDT

Jason Hartman talks with George Gammon, real estate investor, entrepreneur, investor and TV producer, about what's happening in the repo market and how that impacts the overall economy moving forward. The two address misconceptions about several aspects of investing and whether you should be happy or dismayed about certain aspects of the new Trump tax plan.

Key Takeaways:

[3:50] Our longevity is going to be greatly changed in the next 20 years

George Gammon Interview:

[10:50] What is the repo market and why does it matter in the macroeconomic world?

[16:30] Money market funds are big players in the repo market

[19:05] The only "cheap" investment in today's economy is a 30 year fixed rate mortgage

[23:05] The new tax law has changed the way inflation is dealt with, and George doesn't think it'll be good long term


Direct download: CW_1344_George_Gammon.mp3
Category:general -- posted at: 5:00pm EDT

Paul Volcker, former head of the Federal Reserve, passed away December 8. Jason Hartman takes a look back at some of the biggest moments of Volcker's term and what it meant for the United States.

Then Jason talks with Thomas Jones, former vice chairman and director of TIAA-CREF, former Chairman and Chief Executive Officer of Global Investment Management at Citigroup, and former Chairman and Chief Executive Officer of Citigroup Asset Management. He was also the former Vice Chairman of Federal Reserve Bank of New York. Jason and Thomas discuss Thomas' entrance into real estate, why Thomas is so bullish on America long term, and what sets America apart from the rest of the world.

Key Takeaways:

[3:47] Paul Volcker, the former Fed chair credited with "Breaking the back of inflation" has passed away

[6:04] Interest rates in 1980 spiked at over 18%, with inflation at 13%

Thomas W Jones Interview:

[11:50] Thomas and his bride actually started by bidding on 2 burned out buildings in Boston

[17:08] Thomas is perennially bullish long term, so dips in the economy are buying opportunities for him

[19:21] The changes on Wall Street over the years

[23:30] The most disappointing aspect to the reforms that have been made since the Great Recession

[28:39] One of the things that really sets America apart is the excited entrepreneurial spirit

[32:55] America faced a metaphorical crossroads in the late 1960s

[35:44] Our nation doesn't give itself enough credit for how far we've come, even though we still have a ways to go


From Willard Straight to Wall Street on Facebook

From Willard Straight to Wall Street

Direct download: CW_1343_Thomas_Jones.mp3
Category:general -- posted at: 5:00pm EDT

Today's episode is Jason Hartman exploring Commandment #3: Thou Shalt Maintain Control a lot deeper. Maintaining control in real estate deals has been discussed quite a bit before, but it's not just real estate where control matters. Jason explores the collapse of Enron and why it was such a surprise and why Commandment #3 is crucial even in those scenarios.

Key Takeaways:

[4:03] Airbnb hasn't been through a recession yet, so there's a lot that isn't priced in to the market

[8:06] The 3 major problems when you give up control in an investment

[13:54] The Infographics Show: The Business Deception That Cost $60 Billion

[16:59] The phrase "financial innovation" is a red flag when you hear it

[23:05] Most companies don't have people inside to pump the brakes, because everyone is incentivized to speak highly and show it in the best possible light

[25:26] Derivatives are the thing about the thing, but as an investor you want to be as close to the "thing" as possible


Jason Hartman Quick Start Podcast

The Infographics Show: The Business Deception That Cost $60 Billion

Direct download: CW_1342_Enron.mp3
Category:general -- posted at: 5:00pm EDT

Today's Flash Back Friday comes from Episode 997, originally published in May 2018.

Jason Hartman starts off the show with client Doug about portfolio makeovers, why you should stay in the game for the long run, and the fallacy of the passive investment. Doug got out of the real estate business just before the (positive) market correction and missed out on a lot of money.

Then, Jason finishes his client case study with Muthiah. This time the two look at the actual process of Muthiah filing a claim against a bad provider and how he was about to get restitution after some avenues had failed. Jason also explains how to get a hold of his Hall of Shame resource list, and why you should file complaints even if they're not likely to help you alone.

Key Takeaways:

[5:05] There's no such thing as a passive investment, but there are some things that are easier

[9:16] If you do the math properly, real estate versus the stock market isn't even a competition

[12:15] The problem with being too passive is you don't learn from your successes or failures

Muthiah Client Casey Study, Part 2

[20:00] Muthiah has never tried to self manage his current 20 properties

[23:00] Want Jason Hartman's Hall of Shame resource list? Fill out any form on

[25:18] Muthiah's process of filing complaints against the provider

[29:48] You're not just filing these complaints for yourself, it's your duty to protect other people


Direct download: CW_1341_FBF_Muthia.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman takes a deep, deep dive into Napoleon Hill's work in today's show. We first start off dissecting the ideas that Napoleon brought out in his work Think & Grow Rich. Jason looks at various aspects of the book and how we can use them in our lives today and what power they have when used properly.

Then Jason talks with Sharon Lechter, former CEO of Rich Dad & Pay Yourself First and author of Success & Something Greater: Your Magic Key, about her experiences with both the Rich Dad company and the Napoleon Hill Foundation. Sharon provides unique insights into the impact both organizations have had on society today, as well as what she has discovered success means for various people.

Key Takeaways:

[5:55] There's a lot more fulfillment in life available if we are not completely attached to the outcome

[10:22] Specialized knowledge has long been a must for true success

[14:49] The power of the mastermind is real and incredible

Sharon Lechter Interview:

[20:45] Napoleon Hill one of the original self-help authors?

[25:00] The different types of success Sharon saw while writing her latest book

[27:21] Why the man who sold the patent for the jet ski for $75,000 doesn't regret it


Success and Something Greater: Your Magic Key

Direct download: CW_1340_Sharon_Lechter.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman begins today's show discussing something he has been promising for a while, which is the P vs PC balance. You can't go full P(production) or full PC (production capacity), you have to find a balance. Just like, as investors, we have to find a balance between action and education.

Then we have a clip from one of Jason's speeches at Profits in Paradise where he discusses the 3 forms of power.

Key Takeaways:

[2:55] Social mobility is still possible but it's harder than ever before

[5:49] A clip from the Amazon documentary "Park Avenue: Money, Power and the American Dream"

[13:31] The P vs PC balance

[19:25] Quit getting ready and go

Profits in Paradise Live Clip:

[24:04] The 3 forms of power

[30:56] Think of ways you can use technology to improve your real estate business


Direct download: CW_1339_Profits.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman begins today's show with a little good news and a little bad news. Along with that Jason explores the idea of seeing the world in black and white and how getting older helps with that.

Then Jason finishes his interview with Ali Wolf, Director of Economic Research at Meyers Research, LLC., regarding what indicators you can expect to be leading and which are likely to be lagging. Some that seem like they could be leading are actually usually lagging and can hurt you if you invest off of them. Ali explains some ways she's been able to potentially see a downturn coming up to 3 years off.

Key Takeaways:

[9:05] Bad news: More and more businesses are fleeing California

[10:20] Good news: homes are finally getting built

Ali Wolf, Part 3

[12:56] Consumer confidence, GDP and Non-Farm Payrolls are examples of lagging indicators

[17:21] Potential leading indicators that can forecast a downturn years ahead


Direct download: CW_1338_Ali_Wolf3.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman and investment counselor Adam begin today's show discussing two important things for a real estate investor: laws and the future. First off is good news for those investors that are fighting laws that restrict the ability of property owners to run short-term rentals. Then Jason and Adam discuss some good housing news that could lead to a happy 2020 (at least for housing).

Then Jason talks to in-house economist Thomas about interest rates. There's been some movement up and some movement down, but Thomas has an opinion on where he thinks rates will go in 2020 and why he believes that.

Key Takeaways:

[4:17] The City of Austin lost a key case regarding short-term rental laws

[9:41] Make sure that you're not investing in a mania when you're looking at short-term rentals, and make sure your portfolio balance reflects that

[11:39] There's pre-demand in the housing market right now, which is a good sign for housing in 2020

Jason & Thomas:

[17:10] The Fed only indirectly influences mortgage rtes

[19:09] Why Thomas believes mortgage rates will go up in 2020

[21:20] The 2 Central Bank forces that will push inflation back up

[23:47] Why a $315 billion drop in money supply is important even though it's not much of a percentage of worldwide supply


Direct download: CW_1337_Thomas_Adam.mp3
Category:general -- posted at: 5:00pm EDT

Today's Flash Back Friday comes from Episode 994, originally published in May 2018.

Jason Hartman wants to prepare you for the coming revolution. The self management revolution is coming, and it's time to see if you're up for the challenge. There are things that you need to do before you take the plunge, and Jason outlines some of them here.

Then, Jason talks with CEO of the NHP Foundation, Richard Burns, about the affordable housing crisis in the United States. The current method of creating affordable housing isn't working for anyone, but Richard thinks there's a way that it can be solved that benefits all parties.

Key Takeaways:

[2:34] The coming revolution of self-management

[5:36] Drew's first taste of self-management

[7:45] Some steps to take before going full self-management

[11:09] Freddie Mac's new program

[15:23] Join Jason for his events in Philadelphia and New York,

Richard Burns Interview:

[17:45] What solutions are available for affordable housing?

[20:38] The two components of real estates value

[22:20] We are nowhere near meeting the affordable housing demand, so what do we do?

[26:17] Where did the high paying, real careers go that made people end up in careers that were meant to be stop-gap jobs?

[28:25] What does Richard's non-profit do?

[31:59] Richard's thoughts on rent control

[33:51] What the Baby Boomer survey showed


Direct download: CW_1336_FBF_Richard_Burns.mp3
Category:general -- posted at: 5:00pm EDT

On this Thanksgiving Day, Jason makes note on some things he has in his life that he is most thankful for. It's important that we take time to make note of these in our hectic lives. So in today's shortened episode that's exactly what we're doing.


5 Things You Should Be Grateful For Today!

Direct download: CW_1335_Thanksgiving.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman and Adam join forces today to discuss a big development in the mortgage market. Fannie Mae/Freddie Mac conforming loan limits are being increased again, this time to over $510,000, which will have substantial impacts on the housing market overall.

Later, Adam talks with one of the network lenders about where interest rates are today and what a weakening economy in 2020 might put them in a few months.

Key Takeaways:

[2:11] Fannie Mae and Freddie Mac are increasing the conforming loan size to over $510,000

[7:03] Conforming loan limit increases generally lead to home price inflation

[10:54] The higher loan limit might impact hybrid markets more than cyclical

[14:57] Insights from Voxer messages left by listeners

[18:33] Technology is increasing the value of our properties

Adam Mortgage Minutes:

[24:57] Current rates for a $100,000 property with 20 or 25% down

[28:22] How might rates react if we see weakening in the economy that some are predicting in 2020?

[30:08] Mortgage starts don't seem to be slowing down for investors


Direct download: CW_1334_Adam.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman has another client case study, this time with 26 year old Jaden Zubal, an associate wealth strategist at Paradigm Life. Jaden started attending events when he was 22 or 23 and recently got into the real estate game by purchasing properties in Jacksonville, FL and Memphis, TN.

Jason and Jaden discuss how Jaden decided that new construction was the way for him, what market he likes for his next as he diversifies geographically, and how the 10 Commandments of Real Estate Investing have helped him along the way.

Plus, check out the link below and you can get a free audio and digital copy of Heads I Win, Tails You Lose by Pat Donohoe, as well as a complimentary consultation with Jaden.

Key Takeaways:

[2:45] Good news for Texas property owners

[4:42] Housing inventory is even worse than we thought

[7:43] The average home listing price in America is $312,000

Jaden Zubal Client Case Study:

[10:31] Jaden attended his first Meet the Masters in her early 20s

[13:33] Which of Jason's commandments Jaden has found most useful in his investing journey

[16:24] The 2 things Jason believes Maslow left out of his hierarchy of needs

[18:50] The first 2 tiers of safely growing your money and keeping it protected

[23:46] Student loan debt is creating a generation of people feeling pessimistic about their financial future, so what's going to come of them?

[26:08] One of the separating elements of Jason's network is the value of the investment counselor

[30:12] What changed Jaden's mindset on new properties vs renovated


Direct download: CW_1333_Jaden_Zubal.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman and Investment Counselor Doug takes today's episode to discuss what's going on with the average FICO score across generations. The average FICO score is not something that Americans can be proud of, but it provides some serious advantages to real estate investors.

Then Jason and Doug highlight several Florida properties that are able to cash flow with new construction, which is something that is getting harder and harder to do in today's environment. Florida is becoming a bigger draw to those running away from high tax states, which is driving their real estate market.

Key Takeaways:

[2:55] FICO scores are low across all generations

[6:18] You want a good credit score, not a perfect credit score

[10:40] Real estate takes about 8% in transaction costs

[16:05] Doug spotlights a Florida property

[19:43] Blogcast: How does inflation devour debt?

[23:39] Migration of residents will cause a shift in ownership in the old areas

[26:47] Real estate markets tend to expand and contract from the top


Direct download: CW_1332_Doug.mp3
Category:general -- posted at: 5:00pm EDT

Today's Flash Back Friday comes from Episode 243, originally published in February 2012.

Jason Hartman interviews author, former Wall Street senior banker, and best-selling investigative journalist, William (Bill) D. Cohan on the events that led up to the current economic crisis. Bill explains the choices that the big firms, such as Goldman Sachs, JP Morgan, etc, made regarding what type of institution they were going to be, the path of these firms that led up to the current crisis, and how they used the bailout money gifted to them. He said it was one big party on Wall Street, during which brokers were to bring in revenue using a lot of whacky products, until everything came crashing down. Huge bonuses were paid out from the revenue collected from unsuspecting clients.

Bill and Jason also discuss the Occupy Wall Street Movement. Bill expressed disappointment in the message of the movement, saying it isn’t clear and they need to learn how Wall Street really works so that they can be more effective in bringing about reform. Wall Street has been influencing what goes on in Washington and paying lobbyists and donating to congressional coffers so that they can get the regulations, or lack thereof, that they want, i.e. the Dodd-Frank Wall Street Reform and Consumer Protection Act. Bill talks about how the expansion of Wall Street into Middle Class America was not an accident, using the example of Merrill Lynch being a public company. This ultimately led to broken trust between Wall Street and Main Street, as people have now shied away from risk taking.

To solve the problems, Bill suggests changing the incentive system on Wall Street, in that it can no longer be okay to take huge risks with people’s money or get paid big bonuses whether they lose money for the firms or not, as well as going back to having to use their partner’s capital to operate. William D. Cohan offers audiences a unique, close-up perspective of the greatest financial crisis since the Great Depression. He combines deep knowledge of the investment banking world with the fine storytelling skills of an award-winning investigative journalist.


Direct download: CW_1331_FBF_William_Cohan.mp3
Category:general -- posted at: 5:00pm EDT

After his intro discussing getting the money thing out of the way in pursuing your life and the difference between law and ethics, Jason Hartman talks with Stephen Davis, author of Truthteller: An Investigative Reporter’s Journey Through the World of Truth Prevention, Fake News and Conspiracy Theories, about the prevalence of fake news online and in every form of media. The two try to find ways to combat the issue head on and what the average person can do today (and in the future) to avoid being fooled.

Key Takeaways:

[6:34] Get the money thing out of your way

Stephen Davis Interview:

[12:32] It's easier now than ever before for governments to lie to you and get away with scandals

[14:36] Fake news travels faster than truth on Twitter

[17:40] If you want good, investigative journalism, you're going to have to pay for it

[23:45] We need to stop letting companies like Facebook and Google escape the responsibility that media outlets have

[30:10] How governments deceive you

[36:21] Dealing with fake reviews on sites


Direct download: CW_1330_Stephen_Davis.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman and one of the network's Florida market specialists discuss the Jacksonville market and what kind of housing is currently available. The two break down a pro forma for one of the available new construction properties and examine why Florida has become such a hot spot for people fleeing both the East and West coast states.

Then we have a segment from Real Data founder and president Frank Gallinelli about financial terminology. It's important when reading pro formas and doing your due diligence that you know what these metrics are. Frank breaks it down so that you're prepared when you go into your next property.

Key Takeaways:

[4:28] Florida is now drawing people from the East and West coast

[6:28] Jacksonville market profile

[10:27] Examining a pro forma of one of the new construction properties available in Florida

[13:00] There are a couple properties available that you could take advantage of in a 1031 exchange

[15:53] People are moving to Jacksonville to be near St Augustine, which is the 2nd busiest place for tourists in Florida behind Disneyworld

[18:24] Frank Gallinelli on financial terminology


Direct download: CW_1329_Florida.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman starts today's show discussing how it's possible that low interest rates can be used as financial repression tool even though it seems like a good thing at first glance. He also explores an article highlighting affordability issues across the nation and how it's impacting markets that Jason's investors bought homes in prior to the runup.

Then Jason talks with Peter Hirshberg, founder of Maker City® Project and CEO and co-founder of, about Opportunity Zones and how they work with constructing cities. Jason and Peter explore how the incentives were created and why they are crucial to the success of projects like Opportunity Zones.

Key Takeaways:

[3:47] Part of financial repression is low interest rates

[7:42] Affordability is becoming more and more of an issue across the US, including some where investors used to be able to get reasonable properties

[10:05] The Water Theory of money

Peter Hirshberg Interview:

[14:43] Economic reinvention is a bottom up thing as people found what they were good at and innovators moved into the city

[18:55] Why you have to create incentives like those the Opportunity Zone offers

[22:57] Why real estate matters


‘Their house is on fire’: the pension crisis sweeping the world

Housing in these cities may become unaffordable by 2028

Direct download: CW_1328_Peter_Hirshberg.mp3
Category:general -- posted at: 5:16pm EDT

Jason Hartman and real estate attorney Bob start today's show discussing the importance of taxes and how they can seriously impact your real estate investing journey throughout your life. They also discuss what makes a good investor and the direction of law when it comes to real estate.

Then Jason talks with Steve Glickman, Senior Economic Advisor to President Barack Obama and chief architect of the Opportunity Zone project, about how the Opportunity Zone system works, the definition of an Opportunity Zone and what benefits the program provides for real estate investors.

Key Takeaways:

[4:33] The multiplier effect of moving to a place where your money is treated better

[9:37] Jason's prediction for the next thing landlords will be held accountable for under the law

[15:50] What good, talented lawyers for commercial properties always do

[19:18] Good investors act, but only because the deal is good, not because they have the money

[23:27] Taxes are like reverse amortization

[26:02] High taxes encourage bad investments

Steve Glickman Interview:

[28:14] There are now 8.766 Opportunity Zones across the US

[32:31] There are about 300 Opportunity Zone funds targeting $65 billion and have raised about 15% so far. How big is this expected to get?

[35:28] The 2 big factors in why zone based programs become unsuccessful

[37:16] What is the Opportunity Zone program?

[40:23] Will Opportunity Zones exacerbate gentrification?


Direct download: CW_1327_Steve_Glickman.mp3
Category:general -- posted at: 5:15pm EDT

Today's Flash Back Friday comes from Episode 983, originally published in April 2018.

Jason Hartman takes a victorious look at a recent Wall Street Journal story declaring that more people are viewing renting as a long-term solution to their housing situation. That is FANTASTIC news for landlords, and will put the upward pressure on rent that every investor wants. Jason also gives a few travel hacks for going on a trip to multiple climates, and includes another market profile from producer Adam, this time on the Indianapolis market.

Key Takeaways:

[2:25] The next decade of being a landlord is going to be amazing

[7:05] More and more people are seeing renting as a long term housing solution

[10:56] Jason's travel hacking tips for going on a multi-dimensional weather trip

[14:57] Indianapolis Market Profile


Direct download: CW_1326_FBF_Indy_Landlord.mp3
Category:general -- posted at: 11:56pm EDT

Jason Hartman and Rabbi Evan Moffic start off today's show discussing the major issue of senior housing. It's quite possible that it's been overbuilt and Jason and Evan discuss how you as an investor can take advantage of the aging at home trend.

Then we have a second part of Jason's extended interview with Ali Wolf, Director of Economic Research at Meyers Research, LLC., about wage growth, inflation, home appreciation and why interest rates have created some of the bubble that we find ourselves in.

Key Takeaways:

[4:27] Senior housing may have been way overbuilt

[10:45] One of the biggest miscalculations with senior housing was that they thought 65 would remain "old"

[13:04] The way to take advantage, as an investor, of the increase in elderly people staying in homes then make sure you're including single story properties in your portfolio

[18:41] Jason's prediction on the future of Uber/Lyft/etc drivers

Ali Wolf Interview:

[20:26] Collective wage growth since 2015 is 13%, but inflation and home prices have gone up 25%, causing a widening gap

[24:51] Appreciation has slowed in most markets to the 2-3% range

[29:16] The only 2 markets that have seen have a lot of growth in sales in the past 2 years are Indianapolis and Phoenix

[32:01] Ali thinks the next downturn could be caused by a "Fed Induced Bubble"


Direct download: CW_1325_Ali_Wolf.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman talks with Brian Beaulieu, author of Prosperity in the Age of Decline and CEO of ITR Economics, about what's really going on in our economy right now. It's not as doom and gloom as some people have made it out to be, and it wasn't so a few years back. Brian explains what indicators you should really be paying attention to and what's coming up in 2020 as well.

Key Takeaways:

[3:45] We have a duty to hold people accountable and not accept bad behavior

[5:11] Big happenings with the NAR that's going to change the market

[10:37] A testimonial that didn't seem like one to start

Brian Beaulieu Interview:

[15:52] What is the next cycle going to be?

[19:05] The G7 leading indicator is something you should be watching

[23:34] The peculiarity of the trade tariffs that have been imposed

[26:44] Globalization is under severe negative pressure


Direct download: CW_1324_Brian_Beaulieu.mp3
Category:general -- posted at: 5:01pm EDT

You've been hearing for a while about how Jason's not a huge fan of Opportunity Zones, worried that they're overhyped. Well, today Jason Hartman talks with Eric Willett, Vice President at RCLCO, about what aspects of Opportunity Zones might be superfluous and how the real estate industry is reacting to the investment opportunity.

Key Takeaways:

[5:53] We still have no idea the impact/ramifications of Opportunity Zones, but we're already seeing gentrification coming from it

[9:15] One of the big criticisms about Opportunity Zones is that many of them no longer need the designation due to investments that have already occurred

[13:09] The unintended consequences of Opportunity Zones

[17:27] How the gentrification index works

[22:57] The current state of multifamily housing


Direct download: CW_1323_Eric_Willett.mp3
Category:general -- posted at: 5:00pm EDT

On this Veterans Day, Jason Hartman and Adam start today's episode discussing the history of the holiday, the 30th anniversary of the fall of the Berlin Wall, and, most important to real estate, the importance of due diligence (and the importance of questioning your own due diligence).

Then Jason talks with Patrick Boyaggi, CEO and co-founder of Own Up. Patrick and his company have a new mortgage model that can avoid hard credit inquiries that might aid investors looking for a loan but worried about their credit score.

Key Takeaways:

[5:50] Jason's previous experiences at the Berlin Wall

[11:16] Advice on what to do after you do your due diligence on a property

[17:11] Near death experience and a criminals attempt to exploit it

Patrick Boyaggi Interview:

[21:46] Can rates stay low?

[26:24] Using Patrick's mortgage product doesn't give your credit a hard hit, how do they manage that?

[30:59] The impact of soft inquiries on your credit score


Direct download: CW_1322_Patrick_Boyaggi.mp3
Category:general -- posted at: 5:05pm EDT

Today's Flash Back Friday comes from Episode 913, originally published in November 2017.

Jason Hartman starts off the show talking with Elisabeth Embry about how she makes her 5-year plans, and why it's important.

Then, Jason continues his conversation with former Congressman Dr. Ron Paul. The two finish up their talk by looking at why the government thinks they're the best option for many aspects in our lives, what would happen if the government got out of the way and prices reverted to normal rather than the distorted view we're getting today, and why we shouldn't expect to see inflation curbed in the near future (or ever more likely).

Key Takeaways:

[4:13] How Elisabeth, and her husband, take the time to put pen to paper and come up with their 5-year plan

[7:15] We tend to not put much emotion into our investing victories, which can make us only remember the negatives

[10:46] Planning your journey using the Amazon Press Release method

[14:37] Take stock of your resources, you probably have more than you realize

Ron Paul Interview, Part 2:

[18:50] What business is it of the government to involve themselves in so many aspects of our lives?

[21:11] Many governmental programs have distorted markets like student loans and housing markets

[25:28] Distorted prices and manipulating the currency and tax codes makes people worry about gaining the best tax advantage rather than getting the highest return or providing the most value

[28:42] Inflation, from the government and central bank point of view, seems to be a great business plan


Direct download: CW_1321_FBF_Ron_Paul_2.mp3
Category:general -- posted at: 5:00pm EDT

Before launching into his off-topic 10th episode show, Jason Hartman takes a minute to discuss a topic of real estate interest: the lack of homes available to homebuyers with a price point below $250,000.

Then Jason talks with Sharyl Attkisson, host of Sinclair Sundays, former CBS anchor and author of Stonewalled: My Fight for Truth Against the Forces of Obstruction, Intimidation, and Harassment in Obama's Washington, about today's atmosphere of fake news, online bullying and defamation, and how we can possibly combat them.

Key Takeaways:

[4:17] Homes below 250k are starting to become extinct

Sharyl Attkisson Interview:

[9:50] With just a few Twitter accounts, smear operators can start an entire movement

[14:32] How do we reconcile a free but credible press when there are so many anonymous sources today?

[20:44] Journalists use to keep their political opinions to themselves, but now they're almost rewarded for it

[25:51] What should we make of the big tech companies censorship?


Direct download: CW_1320_Sharyl_Attkisson.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman reiterates the importance of Commandment #3 to start off today's episode: Thou Shalt Maintain Control!!! At his mastermind event he was pitched a syndication deal that reminded him how you can invest in deals that could make money but still come out behind when you compare it to other possibilites.

While discussing investing in funds/syndications, he also delves into the principal of character vs personality. When you're investing, it's important to look past most of the personality and focus on character or you could end up looking at a horrible result.

Key Takeaways:

[4:37] A syndication deal Jason recently was pitched

[7:01] You shouldn't be happy just because you made some money.

[9:50] The Personality Ethic vs the Character Ethic

[18:35] Is California a 3rd World State?

[24:13] Why you should care about California's demise even if you don't live in that state or even country

[32:14] The people in charge are distracting us so they can do what they want behind the scenes


Direct download: CW_1319_Maintain_Control.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman starts today's show discussing the importance of finding a group that brings out the best you possible. Sometimes that can cost a lot of money, sometimes it doesn't. Then Jason explores another story that illustrates the importance of Commandment #3.

Then Jason talks with Ali Wolf, Director of Economic Research at Meyers Research, LLC. Ali and Jason explore which indicators are important and which ones are just smoke and mirrors when you're examining housing markets and markets in general. No surprise, some of the big ones you hear about in the news aren't the most helpful.

Key Takeaways:

[4:24] The value of a network

[6:44] Jason's gotten back into Tabatta Pro

[10:15] Under Armour is coming under investigation

Ali Wolf Interview:

[17:30] What indicators you should pay attention to and which you should ignore as an investor

[20:19] Wages in the US are going up, but wage growth minus inflation still doesn't give people a big enough raise to keep up

[24:58] Even with the bad things that are happening we're still in positive growth


Direct download: CW_1318_Ali_Wolf1.mp3
Category:general -- posted at: 5:06pm EDT

Jason Hartman and Investment Counselor Doug take a look at the danger of manias, especially when it comes to investing in startup companies (like WeWork). It's easy to get caught up in rising valuations and the like, but it's also easy to lose a whole lot doing so.

Jason and Doug then discuss the Wealth Simulation exercise that was held at Profits in Paradise, including lessons learned about the method of building your portfolio that will set you up for the greatest wealth.

Key Takeaways:

[4:22] WeWork is a great example of why you should follow Commandment 21: Thou Shalt Avoid Manias

[9:17] Don't fall for the company line of how they're going to change the world. Voluntary exchange with a company changes the world on its own

[12:24] Don't be fooled by the resume or the amount of money that's being pumped into a company when making investment decisions

[13:57] Blogcast: Housing vs Shelter

[21:22] How the Wealth Simulation exercise worked

[25:23] One of the top strategies in the wealth simulation game was a mixture of linear and hybrid markets so you could take advantage of cash flow and appreciation

[31:35] You don't have to have too many properties before you're at the point where you're dealing with the law of large numbers


Direct download: CW_1317_Doug.mp3
Category:general -- posted at: 12:00pm EDT

Today's Flash Back Friday comes from Episode 912, originally published in November 2017.

Jason Hartman kicks off today's episode with a look at Daren Blomquist's latest Housing Report and breaks it down piece by piece. He examines the data about a long-time low in housing starts, a construction worker shortage, and an investors lament.

Then, Jason introduces his guest, and Meet the Masters headline speaker, former Senator Dr. Ron Paul. The two examine what liberty really means, what governments role actually is, the damage our educational system is doing to our society, and what should be done with the federal income tax. Part 2 of Dr. Ron Paul's interview will be aired on Wednesday.

Key Takeaways:

[3:50] Daren Blomquist, with ATTOM Data, has released his lastest Housing Report that examines the topic of bubble markets

[8:16] The construction void: lowest home starts since 1964

[13:16] The idea of a bubble warning

[17:04] When Jason didn't buy mobile home parks, an investors lament

[20:18] A huge labor shortage in the construction industry

[22:05] Don't forget to make your 5 year plan

Ron Paul Interview:

[24:01] What is the meaning of liberty, according to Ron Paul?

[28:50] How do you draw the line about what the government should be involved in?

[32:20] Ron Paul's liberty amendment to end income tax

[35:58] Progressive education has harmed our nation


Direct download: CW_1316_FBF_Ron_Paul.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman talks rent control today, both in his intro discussing the upcoming deadline for California's state wide rent control, and with Paul J Massey, former mayorial candidate for New York City and CEO of B6 Real Estate Advisors, as the two discuss the impact rent control is having on the real estate market in New York City. Cap rates aren't terrible for multifamily at the moment, but nobody knows what the future of their property is, so it's holding things back quite a bit.

Key Takeaways:

[3:19] LA City Council recently decided that landlords are required to let current tenants renew their lease

[11:22] US housing affordability woes causing migrations

Paul Massey Interview:

[18:24] Luxury homes and condominiums have been overbuilt in New York City

[21:31] What are the reasons rent control is being done?

[25:14] Paul's real estate journey in New York City

[27:26] Cap rates available in New York City


Direct download: CW_1315_Paul_Massey.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman and Adam begin today's show discussing Jason's first car and how he recently adjusted the price of his old cars to inflation. They also discuss what's going to happen to McMansions with the new generations coming and the impact of declining HELOC activity.

Then Jason finishes his talk with Jeff Fromm, the Millennial Marketing Guy, about Gen Z & Y. While the two generations are close in age, they are incredibly different when it comes to advertising and habits, so it's crucial that you understand the difference in the two.

Key Takeaways:

[3:57] Adjusting things for inflation makes a world of difference when comparing

[7:46] The generation that's willing to give up the most to buy a home is Gen Z

[10:48] McMansions and Millennials

[14:03] HELOC activity being lower is a good thing for housing market stability

[17:36] The importance of skin in the game

Jeff Fromm, Part 2

[18:33] Gen Z and Y both like to be involved with companies that support their causes, but there are some differences

[22:42] Will the Millennials and Gen Zers have interest in the McMansions that were built?


Direct download: CW_1314_Jeff_Fromm2.mp3
Category:general -- posted at: 4:58pm EDT

Jason Hartman starts today's episode discussing improved home purchasing power for consumers. Shifts in median mortgage payments has created opportunities for buyers and investors.

Then we have the first part of Jason's talk with Jeff Fromm, the Millennial Marketing Guy, about the differences between Gen Y and Gen Z. While the two generations are close in age, they are incredibly different when it comes to advertising and habits, so it's crucial that you understand the difference in the two.

Key Takeaways:

[4:24] The coming McMansion issue

[7:06] One of the High 5 metrics Jason looks at is the median mortgage payment

[11:35] Home prices are actually 42% below their 2006 peak when factoring in consumer house buying power

Jeff Fromm Interview, Part 1:

[20:35] Gen Z are NOT Millennials to the 2nd degree. They're more like Gen X

[24:07] Some of the big differences between Gen Y and Gen Z


Direct download: CW_1313_Jeff_Fromm1.mp3
Category:general -- posted at: 5:00pm EDT

From poolside at their luxurious resort in Orlando, Jason and his mom take a look back at the weekend to examine what all they learned during Profits in Paradise. The two discuss the high quality of construction being done by the team in Florida, what they learned about their real estate business and takeaways from the Wealth Simulation game Doug ran.

Key Takeaways:

[5:20] The tools we have available for our real estate business can make us a lot more money than we could otherwise

[8:36] Jason's mom absolutely loved the single family new construction first impression during the Friday property tour

[14:11] James Malinchak's speeches reminded Jason's mom that you can often learn more things from your failures than successes

[18:37] As real estate investors we're running Invisible Organizations

[21:48] Mitch Russo's girlfriends letter to Jason about Profits in Paradise


Direct download: CW_1312_Profits_Recap.mp3
Category:general -- posted at: 5:13pm EDT

Today's Flash Back Friday comes from Episode 948, originally published in January 2018.

Jason Hartman finishes up his conversation about asset protection with Garrett Sutton. The two delve into the external threats to your portfolios this time, looking at how to properly protect your properties if lawsuits come toward you.

Garrett also explains when you would want to take an LLC over a corporation, what states are best for protecting you, what actions are being taken to weaken LLCs across the nation, and why doing more than the law stipulates can be a very good, very easy thing.

Key Takeaways:

[2:38] Photos from Meet the Masters are up at

Garrett Sutton Interview:

[7:31] Two areas where Jason sees real estate creating liabilities for the owner: fair housing and safety

[11:47] The external threat is the biggest threat for your assets

[13:47] Breaking down Slide #6

[17:54] What you need when you domesticate a judgement

[20:02] It's a good idea to have yearly meetings for your LLC even if your state doesn't require it

[22:13] States that have good asset protection for LLCs and corporations

[24:21] Why an LLC over a Corporation

[27:59] Some states are not providing asset protection for single member LLCs

[31:59] Garrett's $100 off deal for Jason's listeners


Get Garrett Sutton’s Slides here

Direct download: CW_1311_FBF_Garrett_Sutton_2.mp3
Category:general -- posted at: 5:00pm EDT

In this off-topic 10th episode, Jason Hartman spends some time analyzing the power of the brain and what our brain does to protect ourselves and allow us to function in our day to day life. He also lays down a challenge for all listeners in order to figure out what's important to us all.

Then Jason talks with Lawrence Susskind, Ford Professor of Environmental & Urban Planning at MIT and Vice-Chair of the Program on Negotiation at Harvard Law School and author of Entrepreneurial Negotiation: Understanding and Managing The Relationships That Determine Your Entrepreneurial Success, about what urban development means in today's age and ideas coming up that can help alleviate many of our city's difficulties.

Jason and Lawrence also discuss the importance of negotiation and the mindset you must have whenever you enter into them. Many people's attitudes these days are skewed toward doing what's best for themselves, and Lawrence explains why that's wrong and why the methods we're trying to use for negotiations are all wrong.

Key Takeaways:

[4:25] Always be trying to strengthen your attention muscle

[7:15] Our brains are phenomenal at denying we're going to die, which allows us to function

[13:59] Jason actually did an assignment that a professor gave in the 1988 movie Cocktail

[19:20] What if we embraced life and brought our A game every day rather than thinking death was some thing way off we don't need to worry about?

Lawrence Susskind Interview:

[24:05] The art of urban planning and its changing nature

[27:06] Cities are going through a process of change and we're likely to see big cities continuing to spread rather than becoming denser

[32:09] Some ideas for the future on how to reduce or eliminate traffic

[36:47] The single most important thing to becoming a better negotiator

[41:49] You need to know the other party's options so that you can know where you stand in negotiations

[45:42] How negotiation can make you a better leader

[50:10] We need to stop thinking that text based communication can be a way to run a business


Direct download: CW_1310_Lawrence_Susskind.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman and Adam come together to discuss an article from the Drudge Report about the big cities losing workers by the hundreds, as well as a Business Insider article looking at the number of Millennial Millaires and where they're located around the country. Jason and Adam explore what these trends and stats mean to real estate values and what real estate investors can do with that information. Plus, Jason brings an unbelievable property to the show for you, what's the catch???

Key Takeaways:

[2:55] Big name cities are losing people in the 150-300 per day range

[6:39] A mass exodus to rural areas needs companies to embrace 100% remote working at a higher level

[10:19] A property comparison

[17:55] Don't just pay things because someone sends you an invoice. Make sure it's legitimate and the best price possible

[24:49] Where are the Millennial Millionaires and what's their wealth worth?


Drudge Report: Biggest Cities Losing Workers

Business Insider: Top 10 States Where Millennial Millionaires Live

Direct download: CW_1309_Millennial_Millionaires.mp3
Category:general -- posted at: 5:35pm EDT