Creating Wealth Real Estate Investing with Jason Hartman

Megan Greene joins us today to discuss the results of the 2015 John Hancock Investor Sentiment Survey. She shares her views on whether or not the Fed’s will raise the interest rate, if the stock market is rigged and how she believes monetary easing stokes financial inequality.

 

There are still a few spots left for the Orlando Property Tour! Go to JasonHartman.com to reserve your spot.

 

Key Takeaways:

 

Jason’s Editorial:

[1:54] Ms. Hartman is an extreme do it yourselfer

[5:03] Jason wants me to increase my rent to value ratio

[7:03] Sign, sign everywhere a sign

[8:01] Inflation induced debt destruction

[9:01] Orlando Property Tour has a few spots left

[10:11] Meet the Masters in January

[10:18] Venture Alliance Mastermind - February in Dubai

[11:48] “Divorce the story, marry the truth” - Tony Robbins quote

 

Megan Greene Guest Interview:

[13:11] Regulations and less market liquidity causes volatility

[14:21] High frequency trading makes it difficult for small players

[16:29] The stock market is partly rigged

[17:50] What’s the next move for the Fed

[20:53] Results of the investor sentiment survey

[21:41] The Fed’s may hike in December

[22:58] Monetary easing stokes financial inequality

[24:41] Pushing investors into riskier investments

[26:28] Infrastructure spending may be in the future for the U.S. 

[27:05] How will a rate hike affect mortgage holders

[29:16] Mobility is a benefit for Gen Y workers

[30:25] Risks coming from outside of the U.S.

 

Mentions:

Tony Robbins

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Garrett Sutton

Manulife

John Hancock Asset Management


In this show Jason has a very casual, impromptu (and silly at times) discussion with two of his favorite Investment Counselors, Ari and Sara.  You’ll get a debrief on the last Creating Wealth Boot Camp, some investing insights, a “case study” article from The Financial Freedom Report and hear first hand from one of recent our clients who is creating high ROI in this market.

The next show will feature Jason’s interview with New York Times #1 bestselling author and speaker, Harvey MacKay, as they review his latest book Use Your Head To Get Your Foot In The Door: Job Search Secrets No One Else Will Tell You and some of Harvey’s older works like How To Swim With The Sharks Without Being Eaten Alive.

Direct download: CW_585_FBF.mp3
Category:general -- posted at: 2:47pm EDT

It’s impossible to predict which way the market will turn with any amount of certainty. But there are safeguards in place for you to invest your money into proven outlets. The main investment you should consider is the most historically proven asset class, income property. Financial planners won’t suggest it and Certified Public Accountants may not know key factors to assessing your risk. A real estate investment group may be the only entity you can turn to when you want to make a solid investment.

 

Check out our Early Bird pricing for Meet the Masters.

 

Key Takeaways:

 

Jason’s Editorial:

[2:26] Fernando discovers he probably should have purchased auctioned homes in Florida

[9:10] Don’t spend so much time on individual properties

[10:46] Florida had a lot of properties for sale

[12:33] Judicial foreclosure markets have a slower market discovery

[13:36] No one can predict what the market is going to do

[15:40] An example of one of the properties

[16:53] Phoenix gets too expensive

[22:34] We hope to see you on the Orlando Property Tour & Meet the Masters

 

Jeff Barnes Guest Interview:

[24:17] There is a wide array of qualified retirement plans

[25:52] Two tax codes, Business & Employee

[27:57] Real Estate investors want to grow their money tax deferred

[32:13] Diversification of income property inside of your retirement plan

[34:28] Proving your transactions to the IRS

[36:56] Many consumers don’t know how to invest

[39:01] Becoming equity partners as a passive investor

[41:45] Use the same strategies as bank, a hard money lender

[44:26] To succeed, maintain control

[45:08] Jeff’s Wall Street history

[49:10] A certified financial planner isn’t trained in the #1 historically proven asset class

[53:48] Wall Street has countless outlets for investment information

[55:21] 30% of corporate profits in the U.S. come from financial services industry

 

Mentions:

American Auction Network TV

Zillow

Ready, Fire, Aim

JasonHartman.com

The Ultimate Guide for Self Directed Investing & Retirement Planning

SelfDirected.com

Direct download: CW_584_Jeff_Barnes_Self_Directed_Investing_26_Retirement_Planning.mp3
Category:general -- posted at: 6:55pm EDT

Tren Griffin doesn’t know the current stock price of Berkshire Hathaway and says Warren Buffett probably doesn’t either. Day-to-day ups and downs in the market don’t affect feasible, long-term investments. Value investing, traditionally known as buy and hold investing, approaches investing differently than most low fee indexes. It encourages rational thinking, interest based buying and finding the price mistakes in the market. 

Early Bird pricing for the next Meet the Masters event is now available.

 

Key Takeaways:

Jason’s Editorial:

[1:29] Orlando Property Tour & Creating Wealth Seminar coming up

[3:06] What I like about Warren Buffett

[4:37] Know this about the properties on our site

[9:39] The Walmart documentary example

[14:11] Every company has 3 primary audiences - suppliers, stakeholders & customers

[16:00] Send me an email with good quality sitcoms!

[18:06] Meet the Masters - Early bird pricing available now!

[18:30] Dubai in February with the Venture Alliance

 

Tren Griffin Guest Interview:

[19:35] Why write about Charlie Munger

[20:56] 4 principles of value investing

[24:11] Munger philosophy of decision-making

[25:27] 25iq

[26:34] The key to investing is to find a mistake - FOMO

[31:40] Markets are difficult to predict in the short term

[33:37] Aligning investments with interests

[35:51] Are you willing to do the work required by value investing

[37:38] The circle of confidence - become a specialist in one area

[39:50] Munger/Buffett fundamental - Get Rich Slow

[44:14] Berkshire stock never splits

[46:12] Following Tren

[48:03] You can have a life when you are a value investor

 

Mentions:

JasonHartman.com

Charlie Munger: The Complete Investor

reviews@jasonhartman.com

Venture Alliance Mastermind

25iq

@trengriffin

Flash Boys

Direct download: CW_583_Tren_Griffin20_Charlie_Munger_The_Complete_Investor.mp3
Category:general -- posted at: 5:44pm EDT

Jason Hartman talks with acclaimed financial advisor Ric Edelman.  Barron’s has six times (2004–2009) ranked Ric Edelman among America’s 100 top financial advisors. In 2009, Ric was ranked the #1 independent financial advisor in the nation by Barron’s.

In 2004, Ric was inducted into the Financial Advisor Hall of Fame, ranked by Research Magazine for his focus on the individual client and ranked #42 on Registered Rep magazine’s list of “America’s Top 50 Advisors.” Inc. magazine three times named the firm the fastest-growing privately-held financial planning firm in the country. Ric received an honorary doctorate from Rowan University in 1999, and in 2007 was inducted into the Rowan University Public Relations Student Society of America Hall of Fame.

As a #1 New York Times best-selling author his five books on personal finance include Ordinary People, Extraordinary Wealth; The New Rules of Money; Discover the Wealth Within You; What You Need to Do Now; and the personal finance classic, The Truth About Money. His sixth book, The Lies About Money, was published in the fall of 2007 by Simon & Schuster and his latest book, Rescue Your Money, was published in the spring of 2008.  Ric’s books have been translated into several languages.

As a national radio show host on ABC Radio Networks, he can be heard on radio stations throughout the country. The live call-in advice program has been on the air for more than 15 years and earned Ric the A.I.R. Award for Best Talk Show Host in Washington D.C. (1993).  He also publishes a monthly newsletter, has built one of the most comprehensive and free online educational resources about personal finance at RicEdelman.com, and is the author of video and audio educational systems that help people achieve their financial goals.

Philanthropic Activities include Rowan University. They also funded the Edelman Nursing Career Development Center at Inova Health System Foundation. Ric served six years on the Board of the United Way of the National Capital Area and in 2007 completed his two-year term as Chairman of the Board. He also serves on the boards of The Boys & Girls Clubs of Greater Washington, D.C., and its foundation. Ric also is a full partner of the American Savings Education Council and the Jump$tart Coalition for Personal Financial Literacy. He is a former board member of Junior Achievement of the National Capital Area and served for three years on the Grants Committee of the Foundation for Financial Planning, where he remains a major donor. They also actively support HEROES Inc., Make-a-Wish Foundation, The Leukemia & Lymphoma Society, and many other charities.

As Chairman and CEO of Edelman Financial Services LLC. He is also President and Director of Sanders Morris Harris Group. Ric is an Investment Advisor Representative and offers advisory services through EFS an SEC-registered investment advisor. He is also a Registered Representative of and offers securities through Sanders Morris Harris Inc., an affiliated broker/dealer, member FINRA/SIPC.
Barron’s ranking “Top 100 Independent Financial Advisors” (Aug. 31, 2009) based on assets under management, revenues the advisors generate for their firms, and the quality of their practices.

 

Direct download: CW_582_FBF.mp3
Category:general -- posted at: 4:17pm EDT

Even though Jason believes in a fixed rate, long-term, buy and hold mortgage strategy, he encourages people to be informed about the additional financing options available. This week he and Naresh take a deep dive into the adjustable-rate mortgage, breaking it down into easy to understand piece parts. They also discuss the wrap around mortgage, what the term negative rate means and give numerical examples to clearly explain each distinct type of calculation.

 

Early Bird pricing is available for the Orlando Property Tour & Creative Wealth Boot Camp

 

Key Takeaways:

[2:46] 5 Elements of adjustable-rate mortgages (ARM)

[4:19] 1. Start or Teaser rate

[5:10] 2. Index

[7:20] 3. Margin

[8:50] 4. Annual cap - 3 types

[13:38] Negative interest rates

[18:17] Negative amortization rate 

[19:05] Sophisticated investing techniques

[22:43] AITD - Wrap around mortgage

[24:23] Wrap around mortgage example

[28:48] Don’t forget about the Orlando Property tour & Creating Wealth Boot Camp

 

Mentions:

JasonHartman.com


The emerging middle class is a billion strong and they are driving the new economy. If new businesses and entrepreneurs wish to stay in the game they will need to embrace the changing business landscape. They should throw out the old business plan and start with a noble cause, one which connects people with something no other company is able to connect them to. Legacy brands find themselves fighting for a piece of the new consumer.

Key Takeaways:

Jason’s Editorial:

[1:30] Orlando Property Tour and Creative Wealth Seminar

[2:32] Early 2016 Venture Alliance trip to Dubai

[3:56] Message from Jeff about the Venture Alliance Rhode Island trip

[6:10] Rich Dad advisor writer Garrett Sutton speaking at the next Meet the Masters

[6:53] Upcoming shows

John Sculley Guest Interview:

[10:13] Unprecedented growth of company’s who talk directly with consumers

[11:38] Democratizing the economy

[12:44] Famous brands have their backs against the wall

[13:54] Our changing workplace

[15:28] Steve Jobs appreciated the Pepsi Challenge

[18:37] The experience expectation

[19:05] Consumer businesses John is working in

[21:01] $129 for an Obi Worldphone

[22:58] The legacy business plan is dead

[24:44] Why have a noble cause

[26:35] The new world middle class

[28:36] A customer plan using common sense

[30:30] How to contact Mr. Sculley

 

Mentions:

Moonshot!

Venture Alliance Mastermind

JasonHartman.com

Garrett Sutton

Hotwire

Obi Worldphone

MDLive

JohnSculley.com

Sculley Speaks

Direct download: CW_580_John_Sculley.mp3
Category:general -- posted at: 7:32pm EDT

If you thought economics was boring, think again. At the heart of wars, land grabs, politics, history, and almost any sort of human interaction lies economics. Remember – economics is about money, and money, depending upon your perspective, either makes the world go ‘round or is the root of all evil.

Either way, Jason Hartman’s interview of master economist, Martin Armstrong, for episode #382 of The Creating Wealth Show makes for scintillating listening. First, some background.

Martin Armstrong is the former chairman of Princeton Economics International Ltd. He is best known for his economic predictions based on the Economic Confidence Model, which he developed. In September 1999, Armstrong faced prosecution by the Securities and Exchange Commission and the Commodity Futures Trading Commission for fraud. During the trial, Armstrong was imprisoned for over seven years for civil contempt of court, one of the longest-running cases of civil contempt in American legal history. In August 2006, Armstrong pleaded guilty to one count of conspiracy to commit fraud, and began a five-year sentence.

Armstrong is the developer of the Economic Confidence Model based on business cycles. He is known for claiming to have predicted the crash of 1987 to the very day. Using his theory that boom-bust cycles occur once every 3,141 days (the number pi multiplied by 1000), Armstrong claimed in 1999 to have predicted the Nikkei’s collapse in 1989 and Russia’s financial collapse in 1998.

During this interview Jason and Martin delve into a number of topics:

Putin’s Plan
Armstrong reminds us that Russian President Putin is a KGB disciple who would love nothing more than to put the Soviet Union back together. Through this prism, it’s not difficult to see the reasons behind his land grab in the Ukraine. He believes that the strength of a nation depends upon how much territory it owns, so look out Poland, etc! It’s also worthwhile to note that the failure of communism in Russia left a void that has been filled by a good, old-fashioned oligarchy.

Inflation vs. Deflation
As all good economists do, Mr. Armstrong has a strong understanding of, and opinions about, the inflation and deflation in an economy. Of course, Jason loves this topic whenever it arise in conversation. The main point Martin makes is that it is not inflation that destroys an economy, but rather deflation. Listen in as he explains exactly how.

Other notes of interest from the interview:

  • Why we’re on a 25-year war cycle and 8.6-year business cycle
  • Why the US ended up in the enviable/unenviable status as the Brinks truck to the world
  • Is the American dollar now a de facto international currency?
  • The US will never enter hyperinflation (400% monthly inflation) – our corrupt bankers won’t let it happen
  • It’s almost impossible for Americans to open a bank account or do business overseas – what is Europe afraid of?
  • The next economic implosion will be in pension funds
  • The real reason behind the recent huge influx of foreigners buying real estate investments in the US
Direct download: CW_579_FBF.mp3
Category:general -- posted at: 4:13pm EDT

Be sure to sign up for our Property Tour and Creative Wealth Seminar in Mid-November in the well-rounded city of Orlando, Florida.There are major medical companies investing in the surrounding area. There are also basics to the State of Florida which make it a good place to invest. It offers asset protection, has no income tax for its residents and is pro-business and pro-landlord. This hybrid market is ripe and when the real estate market there corrects itself investment properties will appreciate to their proper values.

 

Key Takeaways:

 

Jason’s Editorial:

[1:14] A glitch in the previous Orlando podcast

[2:56] Orlando Property Tour in mid-November including the Creative Wealth seminar

[6:50] Meet the Masters in January

[7:42] The new Joe Investor segment and more great real estate investment content

 

Orlando Local Market Specialist Interview:

[8:57] Re-introducing the Orlando market

[10:10] Cash flow positive in a highly desirable market

[10:54] The importance of demand and desirability

[13:55] Judicial foreclosure states versus non-judicial foreclosure states

[15:02] Removing the supply drives the price upwards and eliminates cash flow properties

[17:04] Buying below replacement costs in Orlando

[17:30] Appreciation and regression to replacement cost are two different things

[18:28] Las Vegas may be a massively over speculated, natural growth was needed

[20:39] Florida basics create an environment for job growth

[22:09] Everybody knows Orlando, Florida - It’s more than Disney

[23:45] Light rail systems are up and running

[24:40] The market will correct itself; a cyclical evolution

[27:25] The right team, great deals are available in a landlord friendly environment

[29:07] Our management team was built for investors by investors

[31:09] Nobody wants an eviction but if it happens our group does it well

[34:56] Making the right choice in the real estate market - look 10 years in either direction

[37:50] Looking at linear about to go hybrid markets like Orlando, Chicago

 

Mentions:

JasonHartman.com

 


The mainstream media doesn’t ever mention investment property as an asset class. Are they owned by Wall Street? Small investors must not buy enough ad space. The Consumer Financial Protection Bureau, in an effort to protect the average person, makes new regulations which actually reduce opportunities for entrepreneurs or any mid-level company without enough money to pay an army of lawyers to sift through the glut of compliance issues. We discuss regulatory changes and the new closing form.

Key Takeaways:

Jason’s Editorial:

[1:37] Celebrating Jason’s birthday by paragliding

[2:54] Real estate service providers and introducing new forms

[4:35] New rules and documents for the Consumer Financial Protection Bureau

[8:36] Mini case study voicemail from Mason

[10:32] Outsmarting the Federal Reserve and the lame stream media

[15:20] Downward pressure on property pricing

[16:16] Upward pressure on rents

[18:26] The good way out is technological innovation

[19:50] Orlando income property tour in mid-November

[20:56] Meet the Masters in San Diego, California on January 8 & 9

 

Ken Trepeta Guest Interview:

[23:00] Integrating RESPA and TILA

[25:28] No more HUD-1’s

[26:08] The underlying rules are the responsibility of the lender of the closing disclosure form

[28:50] The devil in the details of the Dodd-Frank document

[31:50] Protecting consumers from paying too high interest

[33:02] The investor community has certain exemptions

[35:23] Small and midsize investors may need an army of lawyers

[37:57] New real estate investors walk away after seeing the roadblocks

[40:07] Preventing access to opportunities

[41:05] Condominium loans vs single family home loans

[41:58] How to contact Ken’s group

 

Mentions:

Venture Alliance

Rich Dad Poor Dad

JasonHartman.com

RESPRO - Real Estate Services Providers Council

Direct download: CW_577_Ken_Trepeta_The_Real_Estate_Services.mp3
Category:general -- posted at: 6:11pm EDT

Jason Hartman talks with one of his Investment Counselors, Steve, about a Naked Capitalism blog post on the new real estate train wreck in securitized rentals.  Wall Street’s newest “innovation” based on rental income.  Will this be another Wall Street scam like the pools of subprime mortgages, auction rate securities, derivatives or numerous other products that were misrepresented to investors.

Next up, a discussion of the ‘lost decade’ for the American middle class based on a Newser article and some talk about the investor-driven recovery in real estate. 

Direct download: CW_576_FBF.mp3
Category:general -- posted at: 5:31pm EDT

We break closing costs down into small pieces to support Jason’s #1 rule of investing, thou shalt become educated. Understanding which costs are fixed and which are variable will help you to protect yourself and allow you to become your own best advisor. We take the confusion out of calculating the fees. And, will private equity firms be the next big player in the mortgage game?

 

Sign up now for early bird pricing for our Meet the Masters event in lovely Southern California.

 

Key Takeaways:

Jason’s Editorial:

[3:01] An article about character - the essence of a person

[7:07] If you don’t stand for something you’ll fall for anything

[7:51] Artificially intelligent ads

[8:37] Edward Snowden, Hero or Villain?

[11:04] As banks retreat private equity rushes in

[11:37] Meet the Master event in January, SoCal - Get your earlybird pricing

[12:26] Orlando Property Tour

 

Guest Interview with Joe:

[15:45] Looking at lender fees

[17:15] Requirements for good faith estimates

[19:52] What are lender or origination fees

[21:01] Using an example of $142,500, figuring out the closing costs

[22:40] Insurance charges for lenders and owners

[23:49] Lender’s title insurance is one of the highest fees on the estimate

[24:11] Depending on your state the seller provides the clean title insurance

[25:01] Transfer stamps/taxes are local municipal charges

[27:07] Recording fees

[37:50] Points are fees to buy down the interest rates

 

Mentions:

Venture Alliance Mastermind

Newser Article

Dennis Waitley

@edwardsnowden

JasonHartman.com


Crunching the numbers sounds easy enough but which numbers do you use? National data doesn’t always reflect individual markets and using geographical data isn’t always a telling sign due to widespread changes in Fannie and Freddie’s level of risk. Jason and Daren take a deep dive into analyzing market data and how tagging markets as linear, cyclical and hybrid allow investors to understand good properties based on cash flow and ROI.

The Venture Alliance trip to Newport, Rhode Island was a great success. The speakers who are specialists in their fields were truly informative. The very first Venture Alliance member shares his favorite part of the Mastermind, the hot seat.

 

Key Takeaways:

Jason’s Editorial:

[1:26] Upcoming episodes on financing

[2:07] Our first Venture Alliance member is on the podcast

[5:01] Houses starting at $400,000 on Martha’s Vineyard

[9:06] Rehashing the Rhode Island trip

[10:21] Hard money, short and long term lending, how it affects your debt to income ratio

[14:18] The hot seat is the best part of the Mastermind

[16:10] Recreational time is still business time during the Venture Alliance trips

[17:44] A discussion is more intimate than a presentation

[18:26] The inflation/deflation debate

 

Daren Blomquist Guest Interview:

[20:44] National data doesn’t always reflect geographic niches

[22:24] RealtyTrac is, at its core a data company

[25:07] We have the ability to license, or re-sell the data to other companies

[26:40] Home sales are at an 8 year high when analyzing 190 markets

[29:00] The homeownership rate helps our clients to analyze markets

[30:54] We analyze the tax assessor information for rental properties

[33:37] Everything’s relative

[37:32] Thinking of real estate markets as linear (boring), cyclical and hybrid

[42:40] A combination of jobs and universities help real estate markets

[44:43] Extend and pretend or delay and pray markets

[49:44] Market influences are tipping towards introducing additional risk

 

Mentions:

JasonHartman.com

Venture Alliance Mastermind

RealtyTrac

CoreLogic

Black Night

Direct download: CW_574_Daren_Blomquist_RealtyTracs_Housing_News_Report.mp3
Category:general -- posted at: 9:02pm EDT

Jason Hartman is joined by Dr. Steve Sjuggerrud, editor for Stansberry Research, for a discussion of real estate investing domestic and international, attractive mortgage rates, and government deals that are making real estate a much more attractive investment. Steve talks about what he calls the “Bernanke Asset Bubble,” where the Fed would like to see a booming real estate market and stock market to get the country back on its feet.  Jason and Steve also talk about the demographics of the rental market and comparative returns of the rental market and stocks.

Dr. Steve Sjuggerud is the founder and editor of one of the largest financial newsletters in the world, True Wealth.  Since inception in 2001, True Wealth readers have made money every year with safe, contrarian investment ideas. Steve did his PhD dissertation on international currencies, he’s traveled to dozens of countries looking at investment ideas, and he’s run mutual funds, hedge funds, and investment research departments. Steve’s investment philosophy is simple: “You buy something of extraordinary value at a time when nobody else wants it. And you sell it at a time when people are willing to pay any price to get it.” It’s harder than it sounds, but Steve continues to be able to do just that for his readers.

Direct download: CW_573_FBF.mp3
Category:general -- posted at: 12:00pm EDT

The fact that U.S. homeownership rates are tumbling is great news for real estate investors! The time is ripe for cash flow oriented linear markets. And it just so happens Pro.com’s home project service engine is up and running at full capacity. I talk with Matt Williams, formerly of Digg.com, about the latest and greatest tool for real estate agents and investors, Pro.com. Pro.com is a new service which gives you the price of a pro contractor to complete your home services upfront, so you know exactly how much you can expect the bill to be. There were no fee’s exchanged for this or any of my podcasts.

 

Don’t Forget Early Bird pricing for Meet the Masters available on JasonHartman.com

 

Key Takeaways:

 

Jason’s Editorial:

[2:06] Giddy for the upcoming interview 

[3:45] Removing the 3rd party from the equation

[5:23] Podcasters are charging guests to be on their show

[5:53] We are working on a self-management software tool

[7:30] Income is judged by the net operating income, not cash flow

[8:39] The Zerohedge article - U.S. homeownership rate tumbles

[11:00] I’m excited I want a 55% homeownership rate

[12:52] Median U.S. asking rent is $803

[13:46] The time is ripe for cash flow oriented linear markets

[14:55] Real income in the U.S. is at 1989 levels

[17:39] Will the economy be outdone by free market technology

 

Matt Williams Guest Interview:

[20:59] Learning the ins and outs of building marketplaces and communities at Amazon

[22:01] Digg’s V4 - An attempt at a personalized news experience

[25:21] Incubating Pro.com at Andreessen Horowitz

[27:26] Real estate investors are able to get a quote from any zip code in the U.S.

[28:25] Homeowners have access to what it cost to get their home ready for sale

[30:09] The most comprehensive pricing engine for any home project

[32:40] The problem is a lack of transparency for home services

[34:22] What the job should cost broken down for the consumer

[35:40] It’s really for every single job you can imagine in the home

[38:00] We handle the payment processing also

[39:04] Thousands of common projects and the multiple variations

[40:08] There are a lot of jobs left undone because people don’t know the price upfront

[41:10] We survey the pro after the job and post rankings

[41:58] How real estate agents work with pro.com

[44:12] This free service is nationwide, right?

 

Mentions:

Pro.com

Digg.com

Andreessen Horowitz

The Mystery of the Missing Inflation - Tyler Durden

JasonHartman.com

VentureAllianceMastermind.com


Welcome to episode 571 of Creating Wealth Real Estate Investing. If you’re here it’s because you’re interested in creating or growing your wealth through real estate investing. And today’s episode is the perfect vehicle to help you do that.

One of our experts, Joe, joins us to give the down and dirty details of what it takes to get the best financing deal and the specifications you need to qualify for up to 20 properties. We also talk about whether or not you need an attorney to close a loan, the differences between technical refinancing and cash out refinancing as well as how many months’ of reserves you need.

This is expert advice free of charge! And it’s all here on today’s episode of Creating Wealth Real Estate Investing.

Quick answers in the lightning round to all of the most important financing questions. We dig in and ask prudent questions of Joe our financing guru. If you are looking to create your wealth through real estate investments this is the episode for you. Down and dirty details of what it takes to get the best financing deal and the specifications you need to qualify for up to 20 properties. Expert advice free of charge!

 

Key Takeaways:

Jason’s Editorial:

[1:23] Lender Lightning Round show

[1:58] The great Facebook debate

[4:29] Commandment #3 - Thou shalt maintain control

[9:28] Ric Edelman’s - 10 great reasons to keep a long term mortgage and never pay it off

[11:07] The supply chain of financial advisors

[15:40] It’s an amazing time to be alive

[16:18] The Chinese Government makes it easier to buy overseas assets

[18:40] Newport Rhode Island trip for Venture Alliance members and guests

[19:51] CW - 565 is now the Orlando market profile

 

Financing Lightning Round with Joe:

[21:30] Inflation induced debt destruction

[22:15] Financing 10 properties per spouse through Fannie Mae

[22:53] Down payments vary - 5% down reduces your rate

[23:43] Financing through an LLC

[24:24] 1 loan, 1 property with vanilla residential financing

[25:45] Multiple inquiries about your credit score can lower it over time

[27:00] A LLC needs different insurance

[27:47] Is a power of attorney be sufficient to close the loan

[28:29] An attorney is not needed to close the loan

[29:57] A 2 year landlord history - Fannie Mae no, Freddie Mac yes

[30:56] The minimum credit score is 620 for the first 4 properties, 720 for 5-10

[31:50] Cash out refinancing on investment properties

[33:05] You can always finance your primary residence but different guidelines may apply

[34:21] Lenders need 6 months of reserves

[35:37] Offsetting the mortgage payment based on possible rental income

[37:42] Rental income loss

[38:38] Technical refinance or delayed financing

[40:22] 100% replacement cost needed in homeowners insurance

[44:37] Do your due diligence but beware of multiple credit checks

 

Mentions:

JasonHartman.com

Fruitcake Fraud

Financial Survival Show

VentureAllianceMastermind.com

Direct download: CW_571_Financing20FAQ20-20Lightning20Round20Lender20Questions.mp3
Category:general -- posted at: 6:45pm EDT

Jason Hartman interviews research scientist, Heidi Grant Halvorson regarding the science behind human motivation and success. There are many successful people in the world who are highly motivated and have concise goals, but how many actually understand why they’re successful or why they fail? The common belief is that certain people are just genetically wired to succeed or fail.

Heidi states this is not entirely the case and shares the findings of scientific research on achievement. She talks about strategies that people use, principles that people can count on and apply to their own life, and states that our own intuition about what helps us succeed or causes us to fail can often be incorrect. It’s not about ability or IQ.

Heidi explains the psychological factors behind how people react to challenges, the beliefs and mindsets that people have as they try to reach a goal. Defining success is personal, dependent on an individual’s sense of well-being, lasting happiness and autonomy. She says it’s important to be specific about goals, to break them down into manageable, specific pieces that are planned out with when and where, and taking the time to define success for ourselves.

Jason and Heidi also discuss the relationship between money and happiness, expressing that there is a money point where it does make it easier to make choices and pursue the things individuals find interesting in life, plus containing a sense of accomplishment and opening the door to help others. Unhappiness comes about when a person makes and uses their money for the wrong reasons, lacking sensibility, leading to dissatisfaction. Heidi emphasizes motivation and realistic goals are important. Jason shares his own opinion on wealth, noting that, on the one hand, having more “things” can actually become a burden, but it does allow a person to help others and create experiences and memories. Heidi states that what people do with their wealth is the important factor for fulfillment and happiness.

Heidi Grant Halvorson is a rising star in the field of motivational science. She is a an Expert Blogger for Fast Company, The Huffington Post, and Psychology Today, as well as a regular contributor to the BBC World Service’sBusiness Daily, the Harvard Business Review, and SmartBrief’s SmartBlog on Leadership. 

Her writing has also been featured on CNN Living and Mamapedia. Heidi is also Associate Director of the Motivation Science Center at the Columbia University Business School. In addition to her work as author and co-editor of the highly-regarded academic book The Psychology of Goals (Guilford, 2009), she has authored papers in her field’s most prestigious journals, including the Journal of Personality and Social Psychology, Journal of Experimental Social Psychology, Personality and Social Psychology Bulletin,European Journal of Social Psychology, and Judgment and Decision Making.  

She has received numerous grants from the National Science Foundation for her research on goals and achievement.  Her work has been praised by Carol Dweck and Matthew Kelly, among many others.

Dr. Grant Halvorson is a member of the American Psychological Association, the Association for Psychological Science, and the Society for Personality and Social Psychology, and was recently elected to the highly selective Society for Experimental Social Psychology. 

She gives frequent invited addresses and speaks regularly at national conferences, and is available for speaking and consulting engagements, primarily in education, marketing, and management. She received her PhD in social psychology from Columbia University.

Direct download: CW_570_FBF.mp3
Category:general -- posted at: 4:42pm EDT

So you’ve decided to invest in real estate, what now? Using the checklists provided by Jason and his team you can take things step by step and not miss a thing. Even if this is your first investment you can be certain you are making educated decisions on home inspectors, insurance companies and lenders by using this simple tool. You’ll have your real estate portfolio up and growing in no time. 

 

Key Takeaways:

[1:35] The Creating Wealth Show is the #1 way to achieve better real estate investing

[3:23] First steps to acquiring a property

[6:02] Some providers use year built as the rehab date 

[7:22] Every property will sell at the right price

[8:37] Big retailers don’t make investments easily, use it as a sign

[10:05] A checklist after the purchase agreement

[12:06] How to pick a home inspector 

[13:41] 50 shades of cahoots 

[16:53] Pre-approval for financing and understanding their language

[19:19] A good track record is important to us

[20:06] Being disloyal to markets and lenders is a good thing 

[22:44] Dealing with a nationwide insurance company and umbrella policies

[27:26] During closing time use the change of address form for your investment property 

[30:42] Venture Alliance fall foliage tour coming up soon, talk to your investment counselor

 

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Direct download: CW_569_The_Checklist_Manifesto_for_Real_Estate_Investing_With_Sara.mp3
Category:general -- posted at: 3:58pm EDT

The sharing economy will certainly change the game in the manufacturing sector but we do not yet know what affect it will have. Considering the normal adaptation lag time and the conversion nuances of each new innovation real estate investors must watch closely as the upcoming game changers come to fruition. Major economic indicators such as unemployment rates and the housing market will be closely monitored. Real estate investing may be entirely different than it is today. 

 

Key Takeaways:

[2:01] How real estate investors can design their portfolios in the current govt. environment 

[3:24] 3 Cardinal rules of real estate - Location, location, location

[3:57] What is the labor content fallacy or the zero sum game

[5:11] Proving Supply side economics or trickle down economics

[6:25] Looking at economics by way of technology 

[8:09] The self driving cars will hurt high value land owners

[9:06] An audio clip about self driving cars

[10:41] Automotive Industry experts expect an 8 year replacement cycle

[11:28] The average car is used only 4% of the time 

[12:45] How will autonomous driving services affect the auto industry

[14:38] A game changer for real estate

[15:33] Naresh is skeptical about the dates

[18:00] The typical city or town is 40% parking 

[19:11] Will people need to get in a car and go to work

[21:36] A safety app 

[22:34] Will there be high unemployment or will technology fill in the gaps

[25:21] Digital goods basically exhibit a zero cost of production 

[28:01] Real estate investors normally don’t consider what the future may hold

[29:25] Jason’s private mastermind group, Venture Alliance’s Newport Rhode Island trip 

 

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Direct download: CW_568_Real_Estate_Investing_vs_The_Self_Driving_Car.mp3
Category:general -- posted at: 4:20pm EDT

Jason Hartman starts with a discussion about the recent Facebook IPO scandal.  Morgan Stanley and the other IPO underwriters gave the bad news to their big clients about Facebook having a bad quarter but didn’t bother to tell their financial advisors and individual clients about this – more bad behavior on Wall Street?  Short Bloomberg News clip. What would Eliot Spitzer think of Morgan Stanley CEO James Gorman?

Jason reviews a SWOT Analysis for Investment Property including the following points:

Strengths
Cash Flow
Fragmented Markets & Providers
“Push” Appreciation
Real Appreciation
Physical, Real Asset
Weaknesses
Repairs
Vacancy
Management
Natural Disasters
Market Conditions
Opportunities
Inflation-Induced Debt Destruction(TM)
Regression to Replacement Cost(TM)
Rent Increases
Acquisition Price Below Replacement Cost
Gen Y
Low FICO Scores = More Renters
Fannie Mae
Threats
Rent Collapse
Price Deflation
Population Out-Migration
New Inventory Suppressing Rents

Join Jason and his team for their very first LIVE east coast event!  Atlanta Income Property Investment Tour + Education  http://www.jasonhartman.com/atlanta-investment-property-tour/. Finally, Jason talks with one of his clients who finances farmland about his growing income property portfolio and outlook on the residential rental property market.

Direct download: CW_567_FBF.mp3
Category:general -- posted at: 2:39pm EDT

A look at three different tax scenarios. What would you pay if the proposed flat, fair and sales taxes were implemented. Currently with issues such as underreporting of personal business tax, formal renunciations and “workers without papers” paying tax the IRS claims to be billions behind it what it should be collecting. John Gavers current book delves deep into the intricacies of the flat and sales tax programs and his upcoming book will dissect the fair tax and how the economy would be affected if it were to replace the current U.S. tax system. 

 

Key Takeaways: 

Jason’s Editorial 

[2:00] The age old tax debate 

[3:13] The velocity of money 

[3:54] Candidate Obama eluded to an asset tax 

[4:33] Capital formation means the capital is never really dormant

[6:35] An update on upcoming shows

[7:05] The new VentureAllianceMastermind.com answers all of your questions

 

John Gaver Guest Interview:

[9:20] The IRS report says the rich are paying too much tax

[10:44] 2300% increase in formal renunciations

[13:33] Is California the new Michigan

[14:55] Does a flat income tax make sense

[17:49] The Reagan reform 2 tax brackets

[19:45] The book is based on IRS total collections 

[20:47] The fair tax taxes “workers without papers”

[23:05] John’s position is …

[26:01] A national retail sales tax would be collected at the state level

[28:35] Consuming a service is considered taxable

[29:34] Buying a used home would be tax free but would anyone buy a new house 

[30:33] My The Tax Deception book will look at the fair tax

[31:31] A flat tax will end up hurting the middle class 

 

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Direct download: CW_566_John_Gaver_The_Rich_Don27t_Pay_Tax_or_Do_They.mp3
Category:general -- posted at: 8:02pm EDT

Orlando is more than Disney, it’s a well rounded city. There are major medical companies investing in the surrounding area. There are also basics to the State of Florida which make it a good place to invest. It offers asset protection, has no income tax for its residents and is pro-business and pro-landlord. This hybrid market is ripe and when the real estate market there corrects itself investment properties will appreciate to their proper values. 

 

Early Bird pricing is now available for January’s Meet the Masters event in SoCal. 

 

Key Takeaways:

 

Jason’s Editorial:

[2:10] An app Jason likes which tells him about the humidity he doesn’t like

[5:15] Meet the Masters event in January 9 & 10, 2016 - save the date 

[6:41] Florida is a no income tax state and it’s asset protection friendly

[7:08] Tampa, Florida may be under rated but the market is too expensive

[8:06] The biggest cities with the highest foreclosure rate 

[9:17] Land contracts in Grand Rapids, Michigan, owning notes means less responsibility

[11:18] Congratulations Russell for developing the life you want! 

[13:01] The 2nd Venture Alliance trip coming up in Newport, Rhode Island 

 

Orlando Local Market Specialist Interview:

[18:23] Foreclosures allow you to go cash flow positive in Orlando

[19:14] Market basics for achieving cash flow and appreciation

[22:38] Judicial foreclosure states versus non judicial foreclosure states

[23:31] Removing the supply drives the price upwards and eliminates cash flow properties

[25:30] Buying below replacement costs in Orlando 

[26:59] Las Vegas may be a massively over speculated, natural growth was needed

[28:29] Large companies are investing in Orlando 

[30:31] Everybody knows Orlando, Florida - It’s more than Disney

[33:51] Separating the Orlando market from other markets 

[35:48] The right team, great deals are available and it’s landlord friendly

[37:30] Our management team was built for investors by investors

[39:31] Nobody wants an eviction but if it happens our group does it well 

[43:20] Making the right choice in the real estate market - look 10 years in either direction

 

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Dark Sky App


While the last several years have seen huge losses for most investors in stocks, it has provided some valuable insights and allowed development of new concepts for stock investing. Jason Hartman talks with Dr. Chris Kacher and Gil Morales, principles and managing directors of Virtue of Selfish Investing, LLC and MoKa Investors, LLC, regarding their take on the markets, particularly commodities.

Chris and Gil explain their investment philosophy and concepts born out of frustration with other market strategies failing, relating how they were able to get through the market crash and the continued instability. One of the concepts is the Pocket Pivot, a favorable entry point in a stock before it breaks out of the stock base. Gil and Chris also share their outlook on stocks, commodities, currencies and inflation.

Dr. Chris Kacher is a stock investor and strategist with a background in the nuclear sciences. He is a co-founder of a stock advisory service, VirtueOfSelfishInvesting.com. Chris Kacher is a protégé of William O’Neil. He is known for achieving a total return of 18,241% during the period of 1996 to 2002 which he describes in his book Trade Like an O’Neil Disciple: How We Made 18,000% in the Stock Market co-authored with Gil Morales. Prior to his career as a stock trader, Dr. Chris Kacher pursued an education in the nuclear sciences at the University of California, Berkeley.

He won a Charles D. Coryell Award while being undergraduate. As a graduate student he contributed to the confirmation of the existence of Seaborgium and a synthesis of an atom of Darmstadtium. He received a Doctor of Nuclear Chemistry degree in 1995. In 2009, Chris Kacher released a debut album of his piano compositions Teardrop Rain under a stage name of Christian Casher. He is a certified practitioner of neuro-linguistic programming and hypnosis.

He (in co-authorship with Gil Morales) is a regular contributor to MarketWatch. Dr. Kacher is also currently a principal and Managing Director of MoKa Investors, LLC and Virtue of Selfish Investing, LLC, www.virtueofselfishinvesting.com. He currently manages money for qualified investors through each of those firms, and is a frequent guest and commentator on MarketWatch.com, CBS’s Portfolio Doctor, and CNN News Radio’s Wall Street Shuffle, among other venues. He and Mr. Morales are currently writing a second book to be published by John Wiley & Sons, Inc. in summer of 2012.

Mr. Morales began his investment career in 1991 as a stockbroker in the Beverly Hills branch of Merrill Lynch. In 1997, William O’Neil personally recruited Mr. Morales to join William O’Neil + Company, Inc. where he spent the next eight years as a Vice-President, internal Portfolio Manager responsible for managing a portion of the firm’s proprietary assets, and Manager of the O’Neil Institutional Services group responsible for advising over 500 of the largest and most successful institutional investors in the world, including mutual fund, pension fund, and hedge fund clients.

Mr. Morales also co-authored with William J. O’Neil a book on short-selling, “How to Make Money Selling Stocks Short,” published by John Wiley & Sons in 2004. In 2004, Mr. Morales was appointed Chief Market Strategist for William O’Neil + Company, Inc.  In addition to co-authoring, “Trade Like an O’Neil Disciple,” he also contributed to the book, “Wiley Trading Guide, Volume II,” published in 2001.

In the period from January 1, 1998 to December 31, 2005, Mr. Morales achieved in his personal account a total return of 10,904.25% as audited by Rothstein Kass & Company, a hedge fund auditing firm.  Mr. Morales received his B.A. in economics from Stanford University. Mr. Morales is also currently a principal and Managing Director of MoKa Investors, LLC and Virtue of Selfish Investing, LLC, www.VirtueOfSelfishInvesting.com. He currently manages money for qualified investors through each of those firms, and is a frequent guest and commentator on Fox Business News, MarketWatch.com, and CNN News Radio’s Wall Street Shuffle and Opening Bell shows, among other venues.

Direct download: CW_562_FBF.mp3
Category:general -- posted at: 9:51am EDT

If you are using your buy and hold properties as short term rentals, through a company like Airbnb,  you may be required to pay an additional 15.3% self employment tax. Although it may seem like a gray area to you, the IRS considers it an active business and will take note of which schedule you are filing. Short term rentals require more of your labor and your time which rarely gets accounted for when calculating costs. Considering all the aspects of short term rentals versus long term buy and hold properties will shield you from future surprises.

 

Key Takeaways

Jason’s Editorial:

[2:04] The huge flaw in Airbnb

[3:10] The passing of Dr. Wayne Dyer

[4:14] The female perspective

[5:40] Positive Feedback from the 1st Jason Hartman University

[7:39] Save the Date for the next Meet the Masters in early January 2016

[9:30] The Venture Alliance Rhode Island trip details

 

Brandon Hall Guest Interview:

[15:02] Airbnb investors also have a 15.3% tax on active income

[16:13] Monetizing the value of your time

[16:44] Automated business systems allow me manage my real estate in only 30 min per month

[19:01] It’s more time and labor intensive than a buy and hold property

[21:50] A complicated scenario in setting up short term rentals

[24:49] Short term rentals may earn more but the time is not factored in

[25:45] Schedule E or Schedule C?

[27:47] The IRS may be bringing on the audits

[29:33] A 5 year depreciation schedule

[31:05] The diminimous safe harbor

[33:23] 500 material participation is solely for rental properties

[36:06] An example of a three unit qualifier for material participation

[37:53] Long distance self management is possible and maybe easier

[39:35] Segmented depreciation, cost segregation using a sears catalog

[42:41] Feasibility studies are expensive

[44:43] Everybody needs a home office

 

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Direct download: CW_563_Brandon_Hall_The_Airbnb_Tax.mp3
Category:general -- posted at: 4:10pm EDT

Jason and Naresh discuss the lure of working on Wall Street and how big firms lure college kids with 6 figure salaries and pricey hotel stays. They delve into real estate being the most multidimensional asset class and the financial protections it offers. They reflect on clients who are using money from their corporate jobs to build their real estate portfolios by investing in income property on their way to becoming financially independent. And finally, the unsafe, unstable investment of gold.

 

Key Takeaways:

[2:01] Florida is very desirable for a lot of reasons

[4:15] Naresh went to Duke and worked on Wall Street 

[6:12] An example of a Super Day at Morgan Stanley

[10:06] Kids don’t aspire to work on Wall Street, they are courted in college

[11:22] $150,000 a year right out of school

[13:06] We sell out when we become adults

[14:38] Venture Alliance event in September go to JasonHartman.com to sign up

[15:06] Invest money from your corporate career as a base on which to build your wealth

[16:44] You have no idea how the machine called Wall Street works

[17:38] Will gold continue to drop in value?

[18:20] Generation Y, what is it they find value in

[19:29] 7 reasons real estate is better than gold

[22:03] Your best insurance is a high loan balance

[23:25] Is your gold hiding offshore? How do you know it’s in storage?

[25:22] Jason’s Grandfather was a coin collector and had his home invaded for it

[28:45] 25% down for cash on cash return of 12% annually

[30:00] Multidimensional asset class is basically many different dimensions of income

[31:00] Information on future episodes

 

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Direct download: CW_562_Jason_Naresh_income_Property_The_GOLD_Standard.mp3
Category:general -- posted at: 10:41pm EDT

Jason Hartman is joined by contributing author for GoldMoney.com, Alasdair MacLeod for a rousing discussion of the decline of the European economy, the mistakes of the European Central Bank and EU, and how “governments are eating their own children.”

Alasdair makes a rather accurate comparison between the fall of Rome and the current economic disaster around the world, calling it the Nero influence. Governments continue to spend money and introduce new taxes that are detrimental to the people they serve. The ECB is now lowering collateral standards as they run out of quality collateral, such as taking on mortgage-backed securities, in exchange for helping banks and governments.

Alasdair said the real problem among Greece, Spain, Italy and other countries in crisis is that they are broke, yet they continue to meet to discuss increasing spending to build infrastructure and creating token taxes. Governments the world round are in a debt trap, including the U.S. Alasdair feels there is only one way to defer the imminent fall and that is for the Central Banks to come together and put into play quantitative easing.

Governments would then need to seriously cut their excessive, wasteful spending.

Direct download: CW_561_FBF.mp3
Category:general -- posted at: 6:59pm EDT

If you are in control of your life your kids do not talk back to you, you tell the waiter your food is subpar and you believe in every single word you say. If the aforementioned doesn’t ring true for you then you need to “grow a pair” and get your house in order. If you decide not to tell someone they are stealing your time and money at your business then by default you are condoning it. Larry believes you are providing people a service by telling them the truth. They need to experience the failure and the pain in order to allow them to learn from their mistakes. Keeping quiet doesn’t help anybody. 

 

Last call for Jason Hartman University Live in San Diego

 

Key Takeaways:

Jason’s Editorial:

[1:58] Our 2 day content driven real estate investment course, JHU Live! in sunny San Diego 

[3:33] The Venture Alliance trip to Newport Rhode Island in the last days of September

[4:56] Is this the beginning of the economic meltdown

[6:04] Content for JHU Live includes specialists in land contracts and investment property lenders 

 

Larry Winget Interview:

[8:07] Entitlement is the biggest enemy to our society

[8:59] People need stronger opinions and need to stand up for them

[9:44] Living on the edge is what gets one into history books

[10:50] The “I have a pair” test 

[12:16] If you put up with something you condone it

[12:50] If you want to do the other party a service speak up about crappy service

[13:54] Peale’s “ruined by praise than saved by criticism” quote

[14:57] Ground your opinion and refuse to create drama

[16:14] I provoke people on purpose 

[17:33] Which is better having rabid fans or rabid enemies

[19:35] I can count on my haters, they buy my products 

[20:28] Numbness is a caused by a of lack of confidence in a speaker's’ faith in what they say 

[21:51] Businesses can grow a pair by refusing to tolerate thieves or 20% of their employees

[23:27] We expect more out of our government than we expect out of ourselves 

[25:21] Being in the middle is a safe place but it’s no fun

[27:12] Honest and open communication isn’t welcome in a world of political correctness

[28:44] I respect all opinions on my social media page 

[30:38] It’s not about changing somebody else it’s always about yourself

 

[32:49] Kid’s need to experience failure and friends need the truth

Direct download: CW_560_10th_Show_Larry_Winget.mp3
Category:general -- posted at: 2:37pm EDT

Many of you have trusted us with your past and ongoing real estate investment transactions and we appreciate it. We take time in today’s episode to share your successes with others, discuss the joy of seeing you at live events and invite you to contact us if you would like to be on the show. We enjoy having you as clients and we are happy to offer you the type of service that a group of our size can acquire. Your investment portfolio’s are leading you towards financial freedom and your stories are inspirational. Thanks and congratulations from our entire team. 

 

Key Takeaways:

[1:42] Talking directly to you the clients and the listeners

[3:17] Freedom is the benefit of investments

[3:55] Fannie Mae/Freddie Mac guidelines - 10 loan per person limit

[4:50] Congratulations to those building great portfolios! Add applause here

[6:29] Russ - a real client story about firing his boss

[9:06] Kathy from California signed up for JHU Live

[9:30] Congrats to Jessie for a recent close of properties in Memphis

[10:01] Over Diversification is more than 3-5 markets 

[10:50] Getting clients to open up about their goals from the beginning  

[13:00] Feedback helps you to consolidate and double down in a few good markets 

[16:06] A B market with an A team is better than an A market with a B team

[18:00] Our organization gives you leverage through quantity

[18:57] The soft factors are personalities 

[19:54] Free shirts for investment therapists and matchmaking

[21:05] It truly is still a Mom and Pop business structure which preserves our opportunities

[23:26] Toby’s personal experience of a 19 property portfolio

[25:17] A shout out to Andy & Stacy for continued success

[26:09] The shoulda coulda woulda mentality 

[27:04] Damon & Bill working land contracts 

[29:03] We’d love to have you on the show 

[30:18] JHU Live & Venture Alliance events are coming up soon

[31:34] Lifetime rental coordination through our organization

[32:03] Come out and meet us at our live events at least once a year

 

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Direct download: CW_559_Client_Congratulations_26_Portfolio_Profiles_with_Sara.mp3
Category:general -- posted at: 6:02pm EDT

Jason Hartman hosts an interesting interview with Professor Laurence Kotlikoff, author of The Clash of Generations: Saving Ourselves, Our Kids, Our Economy, regarding the problems with the economy and the effect that the astronomical national debt and government spending will have on generations to come.

Professor Kotlikoff paints a picture of the magnitude of these issues very clearly, explaining that the fiscal gap is $211 trillion. He explains that we would have to raise every federal tax immediately and permanently by 64 percent or cut all non-interest spending by the government (Medicare, Social Security, defense spending, etc) by 40 percent. “The country is broke, totally broke,” says Professor Kotlikoff. He emphasizes that this applies to today, not 75 years down the road.

Jason and Professor Kotlikoff also discuss why the 2007 quadrupled money base through money printing hasn’t hit the streets yet in the form of hyperinflation. Essentially, banks are being bribed to hold money reserves by the Fed.

In simplistic terms, the Federal Reserve prints the money, lends it out at very low interest rates to the banks, and then the banks deposit it back with the Federal Reserve and get a higher interest rate. This makes banks more solvent over time without the public ever knowing what is going on. Professor Kotlikoff also talks about a proposal to fix the financial system, which he refers to as a fragile system, presently a “trust me” banking system where the public is unaware of what the banks are doing with their money.

Laurence J. Kotlikoff is a William Fairfield Warren Professor at Boston University, a Professor of Economics at Boston University, a Fellow of the American Academy of Arts and Sciences, a Fellow of the Econometric Society, a Research Associate of the National Bureau of Economic Research, President of Economic Security Planning, Inc., a company specializing in financial planning software, a frequent columnist for Bloomberg and Forbes, and a blogger for The Economist and The Huffington Post.

Professor Kotlikoff received his B.A. in Economics from the University of Pennsylvania in 1973 and his Ph.D. in Economics from Harvard University in 1977. From 1977 through 1983 he served on the faculties of economics of the University of California, Los Angeles and Yale University. In 1981-82 Professor Kotlikoff was a Senior Economist with the President’s Council of Economic Advisers.

Professor Kotlikoff is author or co-author of 15 books and hundreds of professional journal articles. His most recent books are The Clash of Generations (co-authored with Scott Burns, MIT Press), Jimmy Stewart Is Dead (John Wiley & Sons), Spend ‘Til the End, (co-authored with Scott Burns, Simon & Schuster), The Healthcare Fix (MIT Press), and The Coming Generational Storm (co-authored with Scott Burns, MIT Press).

Professor Kotlikoff publishes extensively in newspapers, and magazines on issues of financial reform, personal finance, taxes, Social Security, healthcare, deficits, generational accounting, pensions, saving, and insurance. Professor Kotlikoff has served as a consultant to the International Monetary Fund, the World Bank, the Harvard Institute for International Development, the Organization for Economic Cooperation and Development, the Swedish Ministry of Finance, the Norwegian Ministry of Finance, the Bank of Italy, the Bank of Japan, the Bank of England, the Government of Russia, the Government of Ukraine, the Government of Bolivia, the Government of Bulgaria, the Treasury of New Zealand, the Office of Management and Budget, the U.S. Department of Education, the U.S. Department of Labor, the Joint Committee on Taxation, The Commonwealth of Massachusetts, The American Council of Life Insurance, Merrill Lynch, Fidelity Investments, AT&T, AON Corp., and other major U.S. corporations.

He has provided expert testimony on numerous occasions to committees of Congress including the Senate Finance Committee, the House Ways and Means Committee, and the Joint Economic Committee.

Direct download: CW_558_FBF.mp3
Category:general -- posted at: 7:00am EDT

Do you have the sense to wait out the market during lag times? Buy and hold is Jason’s philosophy and he is a self made multi millionaire. The average American will never buy at the markets lowest point nor sell at the highest point. For most it takes time for the media’s influence to inspire action which means always being late to the game. Increasing your knowledge and learning pertinent facts and figures will help you to anticipate upcoming changes in the market. This September in San Diego is your opportunity to receive a complete real estate investment education so you too can create your own wealth. You can sign up at Jasonhartman.com and don’t forget to claim 30% off of JHU Live with screenshot of your iTunes review. 

 

Key Takeaways:

[2:10] The impact of technology on inflation 

[3:18] Rate of change in inflation rates 

[6:01] Deflation in 2015 - July being the most deflationary month ever in the U.S.

[8:24] Maintaining yield with the income and expense ratios

[9:53] Staying power through lag time 

[11:09] How deflation affects real estate markets 

[13:58] Cash flow allows you to weather the downmarket storm

[16:15] Jason’s Commandment #5 - Thou shalt not gamble

[18:22] Naresh questions what happens to the real estate market if we see a rate hike in 2016

[19:00] The 3 dimensions of real estate are buy, rent or homeless

[21:42] Multidimensional asset class and price discovery 

[23:08] An example of an exchange to a linear market

[25:00] Jason Hartman University Live in San Diego and Venture Alliance trip to Rhode Island 

[30:00] Gold doesn’t produce income and its not a good asset class 

 

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Shadowstats 

 

reviews@jasonhartman.com 


Jeff, a client, has questions regarding recent investments in Chicago. Research has led him to question local school rankings, foreclosures and exit rates of the area. A Chicago local market specialist addresses all three items and adds some facts and figures regarding this world class city, such as 42% of the people in Chicago are renters. Plus, the young mobile class will be attracted to Chicago for its affordable living and international recognition. 

 

Getting 30% off of JHU Live is as easy as sending us a screenshot of your review on iTunes.  And don’t forget to sign up for next Venture Alliance in Newport Rhode Island during September to see mansions and fall foliage. 

 

Key Takeaways:

[2:14] Absorption rates - understanding the statistics

[4:35] Comparing La Hoya, CA to the Chicago, IL housing market in cost per square foot

[7:09] Invest in assembled commodities they are far less volatile 

[9:50] The median sales price and the median list price are telling numbers about the area 

[11:59] Chicago average home price 

[13:53] Foreclosures can flood the market changing the absorption rate 

[14:36] Jeff wants to know if he is suffering analysis paralysis

[15:36] In Chicago family oriented areas have higher taxes

[18:07] A school’s infrastructure may be more important than its ranking

[19:57] The foreclosure process in a judicial foreclosure state takes much longer 

[21:00] Zillow groups all sales in an area together it may not be a good guide for individual homes 

[21:50] Housing markets that are slower to recover are often more stable to invest in  

[22:56] Chicago is a world class city and a thriving economy 

[25:34] The midwest is a favorite emerging market 

[26:51] Chicago is the most moved to destination in a study by Van Lines 

[28:06] San Diego event is Jason Hartman University Live 

[28:30] Lender Top 1%  of originators in the nation it’s a volume business 

[29:48] Take a screenshot of your iTunes review and receive 30% off of JHU Live! 

 

Mentions:

Jasonhartman.com

How to Lie with Statistics

Zillow

Van Lines 

 

reviews@jasonhartman.com 

Direct download: CW_556_Absorption_Rate_Chicago_Q26A_Schools_vs_Prices.mp3
Category:general -- posted at: 4:41pm EDT

Land contracts are something that a lot of investors have heard of, but maybe don’t fully understand. Jason Hartman invites a Meet the Masters speaker, to join him on the Creating Wealth Show to discuss what land contracts are, how they differ from traditional landlord operating processes and even goes in to what to do if it all goes wrong. He’ll be speaking more in-depth at the Meet the Masters event in January, but here’s a taste of what you can expect.

 

Key Takeaways

06.10 – Guest provides his personal experience and how he started to get involved with land contracts.

09.50 – Land contracts are there to help out those who can’t buy through conventional financing processes.

14.25 – Because of the distinction between owner and deed holder, tenants with land contracts usually have a different mindset which is far more preferable for landlords.

18.25 – Negotiations are currently happening in an attempt to get around an 85% discount on land contracts.

22.05 – There’s always a risk. Here it is: ‘What if the person doesn’t pay?’

27.18 – If getting into this side of investment, it’s vital to know your legal rights and know how to work with the attorneys.

34.26 – Don’t get lulled into a sense of security of thinking it’s risk-free, but there are certain options with fewer risks and more chance of success.

37.00 – Know your land contract buyer and their background before agreeing anything.

38.58 – If you haven’t yet registered for Meet the Masters, time and capacity limits are now running short so be sure to take advantage of a great opportunity and register at www.JasonHartman.com

Direct download: CW_555_FBF.mp3
Category:general -- posted at: 1:25am EDT

2016 presidential candidate Mark Everson has qualifications in both private and government sectors. He believes the U.S. needs a leader with experience in both. His policies, he believes, closely match the desires of the American public and he promises to uphold the constitution and restore the pride we once had for our nation. He is asking listeners to engage with him on his website. Early on, Jason and Naresh discuss markets affected by fracking and why rental properties may not be a good idea right now. JHU Live is now at early bird level #2 now so get your spot reserved today and will you join Jason in Dubai? 

 

Key Takeaways:

 

Jason’s Editorial:

[2:45] Naresh reflects on Porter Stansberry’s podcast

[5:40] Baltimore is a dilapidated city with high crime

[8:41] Give us your feedback on our new search engine at Jasonhartman.com

[10:30] Pittsburgh and Buffalo just don’t have many good real estate investment options

[11:20] Utopia in the shale oil boom areas and Obama’s 3rd term 

[13:42] Newport Rhode Island is our next Venture Alliance trip

[15:21] We will hold on to our properties in Houston but may not buy anything else 

[16:10] Shale oil (fracking) exploration is expensive 

[17:55] A qualified candidate that hasn’t been invited to the debates

[18:50] Debates are a scam and money corrupts elections

[22:14] JHU Live event in early bird level #2 - 30% off for an iTunes review

[22:47] The Venture Alliance trip in September 

 

Mark Everson Interview:

[23:36] I’m running because the U.S. needs a leader who knows government and private sector

[24:38] Mark’s positions on key issue’s at markforamerica.com

[27:30] Our shared destiny - sacrificing for the nation and assimilation 

[29:38] Donald Trump may be sabotaging the republican party

[31:27] Does the U.S. have dynasty type families made for politics

[32:40] Executing laws as written not as we want them to be 

[34:01] Wall Street is the modern version of organized crime

[34:41] Executive branch overreach 

[36:05] Running for a single term is best for the country

[36:56] Thoughts on Obamacare and defining full time work

[39:25] Would line item veto hold the president responsible to the people

[41:08] Being excluded from the debates 

 

Mentions:

Jasonhartman.com

Alliant Group 

 

MarkforAmerica.com


Jeff, an existing client, is researching buying multiple properties at once in the Chicago area. After much debate about the advantages and disadvantages Jason gives a thumbs up in support of the venture. Because it’s true that buying multiple properties at once will save investors time and paperwork. Affordable maintenance costs, low vacancy rates and cost of living make Chicago the least expensive world class city in the U.S. And don’t miss next Wednesday when Jason interviews another presidential candidate and tells you more about JHU Live, a real estate investment workshop in sunny San Diego, California. 

 

Key Takeaways:

[1:40] Look forward to Wednesday for an interview with a presidential candidate

[2:46] The next Venture Alliance trip will be in Newport Rhode Island & Martha’s Vineyard

[5:53] JHU - Live in San Diego - Meet the Masters

[7:28] Land Contract experts will be at Jason Hartman University Live

[8:42] Write a review on iTunes and send a copy to reviews@jasonhartman.com and get 30% off 

 

Jeff Morris interview:

[10:02] Jeff asks Jason’s advice about investing in Chicago 

[11:43] Chicago is great but there are a few reasons why it’s not a slam dunk

[11:58] But...the team you use is important! Pay attention to the in house services

[14:21] Cash flow and rent to value ratios in Chicago 

[17:01] Is a low vacancy rate a sign of low rents

[19:50] The psychology behind raising rents for existing tenants

[21:55] Our local market specialist in this area know what they are doing

[22:54] Are there advantages to buying a group of properties all at once

[24:43] Chicago is the most affordable world class city in the world 

[25:59] Rental Properties in Little Rock and Memphis versus rental properties in Chicago

[28:09] A million shades of gray in real estate investing

[30:50] An extreme self management example 

[33:20] Chicago area is a vibrant market 

 

Mentions:

JasonHartman.com

 

reviews@jasonhartman.com 

Direct download: CW_553_Jeff_Morris_Client_Case_Study_26_Chicago_Q26A.mp3
Category:general -- posted at: 8:23pm EDT

Orginally aired as CW 117

“For far too long, too many people have regarded home ownership as ‘a good thing.’ It is certainly true that home ownership has its benefits. But, like everything else, it also has its costs and its risks.” This statement by Creating Wealth Show guest, American economist Thomas Sowell has been regretfully muttered by many homeowners in various forms over the past two years.

Sowell is currently a senior fellow with The Hoover Institution at Stanford University. In 1990, he won the Francis Boyer Award, presented by the American Enterprise Institute. In 2002 he was awarded the National Humanities Medal for prolific scholarship melding history, economics, and political science. Known for his economically laissez-faire perspective style while writing, Sowell’s latest book, The Housing Boom and Bust, shows how Democrats and Republicans ruined both the housing and financial markets.

Tune in as your host, Jason Hartman and Thomas Sowell discuss how “the current economic crisis grew out of policies based on good intentions and mushy thinking.” Upcoming Shows will feature: Andrew Waite, Publisher of Personal Real Estate Investor Magazine and Dan Blacharski, author of The Part-Time Real Estate InvestorHow to Generate Huge Profits While Keeping Your Day Job.

Direct download: CW_552_FBF.mp3
Category:general -- posted at: 9:00am EDT

Throughout history the human race has not changed much even with all the extreme technology in our lives today. There is a chance of robot labor causing mass unemployment but it’s not likely. Entrepreneurs by nature are persistent, durable and pig headed which leads to innovative and determination. For the United States to continue its great heritage we need more experimentation in education, to make use of all of North American assets and to follow the 6 key steps to building great companies a belief of Gary Hoover.  

 

Key Takeaways:

Jason’s Editorial: 

[2:36] Memories of Monopoly, past and recent 

[6:56] Memories of Facebook, during the recession

[8:54] Cash flow in a RV ratio 

[10:20] The San Diego event - JHU Live 

 

Gary Hoover interview:

[11:28] The addiction of collecting memorabilia

[12:50] Becoming efficient in learning is harder with digital books

[14:52] The table of contents contains the key points

[18:28] Thick books sell but e-books are the future

[21:54] Many reference books are 300-1500 pages 

[23:07] The lemming effect - Ben & Jerry’s were the cool entrepreneurs

[24:37] The value of The Book Stop 

[27:49] Startups need to look at the long term

[29:10] Europe’s standard of living is much lower than the U.S.

[32:34] Raising the minimum wage is cruel

[34:27] You attitude makes all the difference 

[36:27]  North American countries working together would be a powerful force

[37:54] Curiosity has been driven out of kids heads in the U.S. 

[41:25] The first innovation museum, robotics are part of lives right now

[44:17] A rise of craft manufacturing in our affluent society

[45:44] Training and educating our children for the future

[48:07] Economist Robert Fogel, a spiritual shortage

[50:30] Contact Gary at garyhoov@msn.com

 

Mentions:

EO Conference

JasonHartman.com

UT School of information 

Hoover’s World 

 

The Fourth Great Awakening 

Direct download: CW_551_Gary_Hoover_Hoovers_Bigwig_Games_Bookstop_The_Reference_Pass.mp3
Category:general -- posted at: 2:23pm EDT

Dr. Vitale believes when you learn to get clean with money and stop self sabotaging your financial future you will start to attract more money to you. You must first get through the filters that are your beliefs and see what is really possible to know you are deserving of living a wealthy life. When you want something and have the means to obtain it you should buy it to reinforce an unconscious belief of worthiness. And, always give back a portion of your good fortune to create a bond of trust in the universe.  

 

Key Takeaways:

Jason’s Editorial:

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

[5:32] What is a DCR?

[8:45] Sign up for JHU - Live in San Diego August 29th & 30th

[9:25] An iTunes review gets you 30% off! 

 

Dr. Joe Vitale Interview:

[12:54] Dr. Vitale has been working on this lately

[15:33] The lifestyle of the rich and famous is better than poverty

[16:00] The 2 reasons you don’t let money into your life

[17:03] Get clean with money, money isn’t evil money is neutral 

[18:56] The Secret is an introduction to an idea

[19:56] Taking inspired action after visualising your want

[21:55] Our conscious beliefs are us in the waking world

[24:32] The 7 steps in the free Attract Money Now book 

[26:30] The difference between a fact and a belief

[30:13] The psychology around prosperous purchasing  

[32:40] No one is preventing you from making more money 

[34:11] Give 10% of what you have to what or who inspires you

[38:06] Think like an entrepreneur and look for opportunities

[38:50] Listen for complaints and make the product or service solution 

[41:20] Mr. Fire ignites something in people 

 

Mentions:

JasonHartman.com

reviews@jasonhartman.com

Attractor Factor

Life’s Missing Instruction Manual 

Attract Money Now

The Secret

The Secret Prayer 

Hypnotic Marketing

Miracles Manual 

7 Habits of Highly Effective People

 

JoeVitale.com

Direct download: CW_550_Joe_Vitale_Money_The_Law_of_Attraction_and_Action_Steps.mp3
Category:general -- posted at: 8:11pm EDT

Orginally aired as CW 141

During turbulent economic times, people can become their own worst enemy.  The uncertainty of the stock market creates massive insecurity about our investment portfolios. These doubts are quite reasonable and it is time to stop trusting Wall Street and start being a direct investor by purchasing hard assets which are not subject to the greed, graft and manipulation of CEOs, investment bankers, fund managers and the government. Prudent investing is a prerequisite to The American Dream of financial freedom.

Learn from the mistakes of others rather than “the school of hard knocks.” Tune in to this episode of The Creating Wealth Show as Jason reveals 30 fatal mistakes you must avoid in order to achieve financial independence and investing success. Upcoming shows will feature: Bradford B. Smart, author of Topgrading for Sales: World-Class Methods to Interview, Hire, and Coach Top Sales Representatives and Lisa Bromma, author of Wise Women Invest In Real Estate.

Direct download: CW_FBF_549.mp3
Category:general -- posted at: 7:22pm EDT

Greg is a long time listener of the Creative Wealth show and purchased his portfolio properties through Jason’s channels way back in the late 2000’s. Greg heard his hometown of Detroit battered in Jason’s property tour review episode and called in to set the record straight about possible opportunities in Southern Michigan. He and his wife work in the automotive industry and are successful real estate investors in several different states. 

 

Key Takeaways:

 

Jason’s Editorial:

[1:22] Great upcoming episodes

[3:16] Scott McManus warns about using Self Directed IRA’s for real estate

[5:00] Thorough background checks 

[5:52] Mitigating your risks by choosing a larger investment organization

[6:48] An LLC entity inside of an IRA

[9:05] The big event in Mission Valley San Diego 

 

Greg Scott Interview:

[12:12] Greg is a Jason Hartman real estate investing success story and Jason’s favorite listener

[15:27] All real estate is local 

[17:51] The 11th wealthiest city in the U.S. is in Detroit

[20:26] Trends in the Detroit area

[22:21] Optimism for the city proper

[27:31] Investing in an industry that is not your bread and butter

[28:16] Greg’s powerpoint presentation and the syndication 

[35:10] Export Marketing and Product Forecasting for Ford 

[36:34] Self driving cars is a project every automotive company is working towards

[39:12] Ann Arbor has a fake city to test self driving cars

[41:06] The freedom that goes along with self driving vehicles

[44:55] The parking real estate conundrum

[47:19] Painting a better picture of Detroit 

[49:28] A flipper who became a long term investor 

 

Mentions:

 

JasonHartman.com

Direct download: CW_548_Greg_Scott_Investing_in_Detroit.mp3
Category:general -- posted at: 3:25pm EDT

Vladimir Putin’s rise to the top is a Shakespearean drama. Putin the President was created by a group of wealthy businessmen to replace Boris Yeltsin. While believing they found a man who aligned with their own desires to keep the money at the top, Putin had different ideas. He successfully brought down elite families who disagreed with his politics. Russians embraced the leader and made him one of most popular Russian presidents of all time. Ben Mezrich shares his journey of writing his latest book, soon to be movie, Once Upon a Time in Russia.  

 

Key Takeaways: 

 

Jason’s Editorial:

[1:24] JHU live - Jason Hartman University Live 

[2:44] In beautiful Mission Valley San Diego on August 29th 

[4:18] In depth training on building your own portfolio

[6:01] You’ll get an official property acquisition checklist 

[7:00] Learn property portfolio planning 

[8:07] Early bird pricing until August 1st

[10:05] Leave a review on iTunes and you get 30% discount on JHU

[10:58] Inflation induced debt destruction

 

Ben Mezrich Interview:

[14:51] Many stories just kind of came to me

[15:45] Misconceptions about Putin 

[16:14] Oligarchs miscalculated and created Putin by mistake

[18:17] The Godfather of the Kremlin

[18:55] Putin was an assistant KGB agent with average pay

[20:57] The Russians love Putin and possibly some Ukrainians too

[24:06] This story is a very Shakespearean drama  

[25:32] Warner Studio is making the movie

[26:10] Putin may be around for a long time

[27:52] Russia is in the midst of crony capitalism

[29:12] Will Russia have a middle class in the future?

[32:00] Yeltsin basically made the Oligarchs to fend off Communism

[33:37] Was entering Ukraine and effort to recruit young people for Russia?

[34:44] When oil prices go down the Russian economy suffers

 

Mentions:

JasonHartman.com

reviews@investwithjason.com

Ben Mezrich

Bringing Down the House 

The Accidental Billionaires

Once Upon A Time in Russia 

@benmezrich

 

 

Direct download: CW_547_Ben_Mezrich_Dangerous_Putin.mp3
Category:general -- posted at: 11:02pm EDT

Join Jason Hartman and Investor Watchdog, Jack Waymire, for a discussion concerning the ethics of the financial services industry. According to Jack, the frequent lack of integrity undermines the achievement of investors’ financial goals.

Companies do not do what is best for you. They are very good at hiding information that they do not want their investors to know. Investor Watchdog investigates these companies and products, acting as a go-between for investors and advisers, answering frequently asked questions, such as, “How do I know I’m getting the right financial advice?” Jack shares examples of deceptive practices by various companies and how the executives that run the companies, i.e. Goldman Sachs, are insulated from accountability simply by paying fines rather than serving jail time for unethical and illegal practices. 

Jason and Jack touch on the subject of the Madoff Ponzi Scheme, where Jack talks about some of the evidence that was found, as a glaring example of unethical sales pitches and conman tactics. Jack also informs listeners of what deceptive sales practices to watch out for when dealing with financial advisers.

Jack entered the financial services industry as a financial consultant in 1976 for Warburg, Paribas Becker. He provided financial advice to companies, public entities, Taft-Hartley funds, endowments, and foundations with assets exceeding $7 billion. After spending two years with an investment firm, Jack co-founded Lexington Capital Management in 1983, a money management firm that wholesaled its services through wirehouses and regional broker-dealers. In 1989, Jack also founded a broker-dealer and built a national retail distribution system to market its products and services. Between 1996 and 2003, Lexington was sold to two larger financial service and technology companies. In his last position, Jack was President of Sungard Advisor Technologies. During these 20 years, Jack worked with thousands of investors and financial advisors and was responsible for providing services to individual investors with billions of dollars of assets.

In 2004, Jack left the financial services industry to market a book he authored: Who’s Watching Your Money? The 17 Paladin Principles for Selecting a Financial Advisor. Published in December, 2003, by John Wiley & Sons, his book was widely regarded as the first to provide an objective process investors could use to select higher quality advisors and to avoid the risks and consequences of bad advice from lower quality advisors. In 2004, Jack co-founded PaladinRegistry.com, a website that took selected content from his book and made it available to investors over the Internet. Later in 2004, a Registry of pre-screened, five star rated financial planners and financial advisors was added to the website. Paladin became the first online firm that vetted financial professionals for investors and provided comprehensive documentation for their credentials, ethics, business practices, and services. In 2008, Jack was instrumental in the development this blog site (InvestorWatchdog.com) that reports on investment risks that result from ethical conflicts in the financial services industry. Jack has appeared on CNNfn and over 100 national, regional, and local radio shows to talk about the subject matter of his book, the risk and consequences of bad advice, and Paladin’s free online solutions. He is also widely quoted in the print media including Forbes, BusinessWeek, Worth, and Kiplinger and is a columnist for Worth Magazine. Jack can be reached at Jack@InvestorWatchdog.com.

Direct download: CW_546_FBF.mp3
Category:general -- posted at: 2:57pm EDT

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

 

Key Takeaways: 

 

Jason’s Editorial:

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

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

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

[6:15] Self managed properties 

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

[9:34] Jason’s next event - Sept/Oct

[11:28] The cost of colonizing the moon

 

Harry Dent interview:

[12:58] Florida the no income tax state

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

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

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

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

[18:54] Debt detox is needed

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

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

[26:41] Banks and governments made bad loans

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

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

[31:16] Trends and data from China 

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

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

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

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

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

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

 

Mentions:

The Demographic Cliff

The Great Boom Ahead 

The Roaring 2000’s

The Great Depression Ahead

 

HarryDent.com

Direct download: CW_545_Harry_Dent_How_to_Profit_from_The_Demographic_Cliff.mp3
Category:general -- posted at: 3:37pm EDT

Being stranded at the airport waiting for a flight is never fun but Jason and Fernando make the best of it by recording their observations of the investment property tour of Chicago and Grand Rapids. Overall, Chicago looks promising with strong providers and good properties. Grand Rapids was charming and offered many financing choices for current and future investors. A quick stop was made to Detroit to get feel for the area and look for opportunities that may be hiding there. The extra stop proved to be a disappointment based on the city’s state of disrepair and mass exodus of previous inhabitants. 

 

Key Takeaways:

[3:09] A Mastermind meeting on Monday & Tuesday

[3:42] A semi-private property tour

[4:09] Met local market specialists and in-house lending department

[6:32] The tenant turnover rate in an apartment in Chicago

[7:21] Tenant turnover rate in a single family home is much longer

[8:10] Virtual apartment investments

[9:00] Refinance discussion on a future episode 

[10:06] Land contracts in Grand Rapids

[10:39] Direct buying properties via self directed IRA

[12:40] Cosmetic changes are easy on good investment properties

[14:18] The Cold Stone Philosopher’s Club

[15:28] Detroit was depressing 

[17;39] Corrupt mayors & declining auto industry led to the death of Detroit

[19:21] Property taxes in Chicago 

[20:05] Providers make it possible to remove maintenance costs

[21:55] Judicial foreclosure states are good for investors

[23:25] Chicago is a world class city 

[24:16] Differences of a small provider versus a large provider 

 

[26:00] The small group tour was intimate and enjoyable

Direct download: CW_544_Jason_and_Fernando.mp3
Category:general -- posted at: 4:13pm EDT

Originally aired as CW 252

Despite popular belief, China is no longer a cheap place to do business with labor costs and real estate costs soaring. Join Jason Hartman as he interviews Shaun Rein, author of The End of Cheap China and Managing Director of China Market Research Group in Shanghai, about debunking common myths, such as China is stealing U.S. jobs.

Many companies have begun doing business in China, due to what Shaun refers to as “capitalism on steroids.” Labor costs have increased in China to the tune of around 20 percent, and the government is trying to increase wages yearly over the next five years. Another factor affecting manufacturing costs over time is that fewer of the younger generation wants to be employed in manufacturing jobs, wanting to realize their white class dreams. China is also pushing middle class development to offset the manufacturing issue.

Shaun Rein is the Managing Director of CMR, the world’s leading strategic market intelligence firm. He is one of the world’s recognized thought leaders on strategy consulting.

He is a columnist for Forbes on Leadership, Marketing, and China and for BusinessWeek’s Asia Insight section. He is often featured in the Wall Street Journal, the Harvard Business Review, The Economist, The Financial Times, Newsweek International, Bloomberg, Time, and the New York Times. He is regularly interviewed by American Public Radio’s Marketplace and NPR.

He frequently appears to deliver commentary on CNBC’s Squawk Box, Bloomberg TV, CBS News, and CNN International TV. Before founding CMR, he was the Chief of Research for venture capital firm Inter-Asia Venture Management. He also was the Managing Director, Country Head China for e-learning software company WebCT where he also ran the company’s Taiwan and South Korean operations. He also served as the Assistant Director of the Center for East Asian Research at McGill University. He earned his Master’s degree from Harvard University focused on China’s economy and received a BA Honors from McGill University.

Direct download: CW_543_FBF.mp3
Category:general -- posted at: 2:14pm EDT

The world of long term financial savings plans can leave you dizzy. The paperwork can be pages and pages of jargon which make plans hard to distinguish and administer. Jason’s guest Edwin Kelly from Specialized IRA Services breaks down the Self Directed IRA, the solo 401k and Health Savings Account or HSA. Arming you with the setup cost and annual fee’s to help you make an educated decisions about your investment future. You’ll hear solutions to creating wealth and obtaining more passive income through smart investing with a little help from people in the know. 

 

Key Takeaways:

 

Jason’s Editorial:

[2:02] Self directed IRA investing

[4:19] Nathan asks about out of state rental properties 

[5:19] Have at least 4% of the properties value in the bank as an emergency fund

[7:22] Steve asks about Jason’s foundation

[9:12] Steve also asks about credit history and bankruptcy

[12:06] Asset based financing; a hard money loan

 

Edwin Kelly Interview:

[14:29] Would Donald Trump be a good president?

[16:04] Invitation for Warren to be on the show

[16:58] IRA Custodians, Administrators what’s the difference?

[18:01] What are the fee’s of self-directed IRA’s

[19:22] There is no fee sharing or back end money

[20:40] A customized approach to IRA’s

[24:08] People need passive income 

[25:47] An everyday example of buy and hold real estate investing

[30:11] Solo 401k or Individual 401k

[34:46] Solo k paperwork was cumbersome and complex 

[35:55] $400 annually for a self directed IRA and $700 for a 401K

[38:32] HSA - Health Saving Account 

[39:53] An HSA works by marrying the tax benefits of the traditional and Roth IRA’s 

[41:22] Are you able to pay for proactive executive health physicals via a HSA?

[42:51] Breast Augmentation for medical reasons is a qualified medical expense

[45:17] An HSA is not a Flexible Saving Account

[45:55] Investing in buy and hold real estate from the HSA

[47:35] HSA and IRA are fairly easy to administer

[48:20] An LLC inside of an IRA? 

[51:08] Multiple LLC’s for asset protection

 

Mentions:

 

Specialized IRA Services 


Massive shifts in the world economy are coming and may be as soon as 2020. The United States has the unique opportunity to take charge of the change through technological breakthroughs that will lead us down the utopian path. In addition, the U.S. is still the best country in which to make real estate investments. But if you do it be wise about it. Private investments are one of the safest vehicles to create your wealth. Be wary of group investment funds which put the control of the funds in someone else’s hands. Jason cautions his listeners against this type of investing. Before signing any deal read every word of the paperwork. 

 

Key Takeaways:

 

Jason’s Editorial

[1:13] Oregon has no sales tax! A great place for retail therapy. 

[1:58] People make uneducated decisions

[3:59] The Venture Alliance for investors

[4:59] The group choice is not a good choice

[6:18] Partnerships with people you know and trust 

[8:15] The World Domination Summit is an example of the inefficiencies of conferences

[10:25] Unemployment and cohabitation is Greece

[11:54] Jason’s 6 Ways to Escape the Debt Disaster

[13:18] Human workers displaced by Robotics even the written word

[15:44] Countries in risk of a government external debt crisis 

[19:15] Leave us a voicemail on your thoughts of robotics in the future

[20:24] Minimum wage increases unemployment

[22:20] Massive shifts in the economy by 2020

[23:22] An update on the Chicago tour, 8:30 on Thursday morning

 

Listener Andrew:

[24:58] Jason help me with this investment in Texas

[28:00] What are the questions I need to ask before signing?

[29:30] Start by getting the basic information

[32:04] Jason doesn’t care for investing in groups 

[32:55] Thou shalt maintain control

[33:45] What protects your money from misuse when it’s part of a fund?

[36:05] If the deal is that good investors try and keep it to themselves. 

[39:56] Questions to ask before investing and read every word of the documents

[41:57] Be suspicious of the others investors involved

 

Mentions:

14 Countries that are Spiraling Towards a Debt Crisis - Heather Stewart

 

JasonHartman.com

Direct download: CW_541_Apartment_Fund_Listener_Q26A_with_Andrew.mp3
Category:general -- posted at: 9:00am EDT

As is customary on every 10th episode, Jason Hartman, your host, takes on a non-financial topic as he talks with Dr. Geoffrey Simmons, a physician who is Board-certified in Internal Medicine and Disaster Medicine. He has a B.S. in Zoology and has completed the course work for a Masters degree in Microbiology.

As a Fellow with the Discovery Institute Center for Science and Culture, he has studied the theory of evolution for over forty years. For thirty of those years he was an ardent supporter of Darwinian ideas. Now, however, the data supporting this theory scientifically untenable. As of this date, his seventh book, What Darwin Didn’t Know, is in its sixth printing and his eighth book, Billions of Missing Links, is in its second printing. Both books show how the incredible complexity of the human body and all other living beings cannot have come about through evolution. Some reviews:

“A well-researched and open-minded analyses.” — Stephen Meyer, PhD, Dir. of the Center for Science and Culture, Discovery Institute

“You’ve posed all those “break-down complexities” that Darwin worried about, and you’ve done it with flair!” — Jody Sjogren, Illustrator for Icons of Evolution

A wonderful book…clear and accessible to the nonspecialist — John Patrick, M.D., Prof. of the History of Science, Medicine and Faith, Augustine College, Ottawa, Canada.

Geoffrey Simmons is a rarity (referring to the types of books written). His book holds evolution, as he sees it, to the standard of scientific observation and finds evolution lacking — Dan Hays, Salem Statesman Journal, May 20, 2007
Dr. Geoffrey Simmons focuses on the millions of structures and systems on the Earth that came about all at once, entire…with no preceding links, no subsequent links, no “sideways” links.

To illustrate, he surveys examples like…

the hummingbird and its circulatory system
insects and insect–eating plants
the role of the thousands of species of viruses
chemical signals and the sensory apparatus that detects them
the self–regulating capacity of the Earth’s ocean/air/soil system
It’s clear: Nature containsonly leaps, not links. Only the intelligence and purpose of an all–powerful Designer can explain the intricate creatures, connections, and “coincidences” everywhere.

We’ll be back to our usual investing, business and financial topics in the next episode #211. Be sure to join Jason and his team for the upcoming Phoenix Foreclosure Tour http://jasonhartman.com/store/events/ where we’ll explore distressed property / REO opportunities and enjoy first-class accommodations at The Ritz Carlton Hotel in The Biltmore area of Phoenix / Scottsdale, Arizona.

Direct download: CW_540_FBF.mp3
Category:general -- posted at: 2:00pm EDT

It’s unclear exactly why Memphis is a rental property owners dream investment city but it is. Vacancy rates are consistently 5% or less year over year. Even when people are qualified to purchase a property they insist on renting. Add to that the dynamic nature of this culture filled town and major distribution companies who do business there and you get a perfect bluesy mix of properties and opportunities for your next investment. 

 

Key Takeaways:

 

Jason’s Editorial:

[1:42] Chicago property tour 7/15 -7/17

[2:58] 3 cities now that Detroit is confirmed

[4:12] Voicemail from Roger about managing your property managers

[6:10] An entire episode on managing your manager coming

[6:40] Search Jasonhartman.com with the keyword property manager

[8:00] CNBC video - Rents rising and supply is constrained

[9:59] Let’s get in the game and take action

 

Ryan from Memphis:

[11:57] Invest in Memphis - it’s great for rental properties

[13:10] Is Memphis saturated with investors?

[13:48] Why you should love Memphis as a rental property buyer

[14:44] Vacancy rates are 5% or less

[16:00] The reasons tenants rent 

[17:03] Rent a nicer place than they can own 

[20:02] Society is changing towards not planting roots

[20:48] Time Magazine home ownership article

[22:56] People are looking for dynamic, cultured cities

[24:53] Different levels of property available in Memphis

[26:38] The evaluation process for finding properties

[29:12] The government assisted housing dilemma

[32:00] The benefits of a section 8 housing tenant

[34:45] Ryan’s unique selling proposition

[36:24] When choosing which markets are best, Memphis is growing

 

Mentions:

La Banque - Chicago hotel of choice - $131 per night - (708) 798-6000

Jasonhartman.com

 

Memphis Housing Authority

Direct download: CW_539_Memphis_Market_Profile.mp3
Category:general -- posted at: 2:51pm EDT

A good business is one that cannot be outsourced and people will always need a place to live. This is why Jason focuses on income properties when recommending creative wealth strategies for you. He keeps abreast of interest rates, taxes and credit based assets so he can help you achieve the financial future you deserve. Jason’s guest Mark Kohler CPA  just completed his third book and offers 28 tips for tax planning and asset protection. He talks about S corps, LLC’s and Obamacare. He wants everyone to have an exit plan for their life through a versatile revocable living trust because as much as you may not want to admit it we are all mortal. 

 

Key Takeaways:

 

Jason’s Editorial:

[1:25] Teaching a great real estate course

[2:26] Monetary and fiscal policy definitions

[3:42] Real estate and income property differences

[4:29] The easiest type of real estate to own is a parking lot

[6:00] Real estate in the average U.S. city is 40% parking

[7:32] Financial Independence Day Counseling

[7:54] Chicago and Grand Rapids property tour

[8:33] Self driving cars could eliminate parking needs

[9:42] Credit based appreciation

[10:04] Interest rates and the math of relativity

[10:56] Find a mortgage calculator and do this math 

[12:11] The golden opportunity of low interest rates

[12:54] If the money supply declines credit based assets are affected more

[13:35] Inflation induced debt destruction

[14:12] Multiple tax advantages

[15:04] Learn about land contracts

 

Mark Kohler interview:

[16:45] 28 game changing strategies for tax and asset protection

[17:10] The first book was about people who get taken advantage of

[17:30] The second book was a story

[18:00] The 3rd book brings it all together

[18:45] 3 Tips for planning

[19:30] Know the difference between ordinary income and passive income

[23:00] A real life example of Obamacare related requirements

[24:14] The 3 costs related to Obamacare

[25:00] Income property is a proven tax favored asset class

[25:50] Healthcare strategies

[26:45] The solution is the S corporation for multiple sources of income

[28:24] LLC do not save taxes

[29:17] The Kohler Payroll Matrix

[30:37] You do not need an LLC for every rental

[32:16] Know your properties and find a balance

[35:10] Register as a foreign LLC in every state that you have property

[36:44] Don’t forget about the legal and tax planning that needs to be done

[37:32] How do these things fit into your estate plan? 

[38:52] Revocable Living Trust

[42:20] A real life “Do not resuscitate” experience 

 

Mentions:

Financial Independence Program 

Chicago/Grand Rapids Property Tour 

Uber

Lyft

Lawyers are Liars

The Tax and Legal Playbook 

MarkJKohler.com

 

Direct download: Episode-Removed.mp3
Category:general -- posted at: 3:55pm EDT

Join Jason Hartman as he talks with guest, Steve H. Murdock, former Census Bureau Director and current Professor of Sociology at Rice University in Texas, about the demographic shift taking place in the U.S. today .  The face of Texas has been shifting dramatically, not just from immigration, but in-migration and natural increase.  Steve argues that the Texas of today is the U.S. of tomorrow. 

Steve and Jason discuss the changes in population, as well as the factors influencing these changes, and the potential effect of this current demographic shift throughout our country.

Steve H. Murdock is the Allyn R. and Gladys M. Cline Professor of Sociology at Rice University. He previously served as Director of the U.S. Bureau of the Census having been nominated for the position by President Bush and unanimously confirmed by the U.S. Senate in 2007 and serving until the change in administration in January of 2009. Prior to his appointment at Rice, he was the Lutcher Brown Distinguished Chair in Demography and Organization Studies at the University of Texas at San Antonio (UTSA) and the Director of the Institute for Demographic and Socioeconomic Research.  Before UTSA, Murdock was a Regents Professor and Head of the Department of Rural Sociology at Texas A&M University.  He was also the official State Demographer of Texas.  He was appointed to this position by Governor Rick Perry and was the first person to occupy this position. Dr. Murdock earned his Ph.D. in demography and sociology from the University of Kentucky and is the author or editor of 13 books and more than 150 articles and technical reports on the implications of current and future demographic and socioeconomic change. 

He is the recipient of numerous honors and awards. These include the Faculty Distinguished Achievement Award in Research from Texas A&M University, the Excellence in Research Award and the Outstanding Rural Sociologist Award from the Rural Sociological Society, The Distinguished Alumni Award from North Dakota State University and the Distinguished Alumni Award from the Department of Sociology at the University of Kentucky.  He was named one of the fifty most influential Texans by Texas Business in 1997 and as one of the twenty-five most influential persons in Texas by Texas Monthly in 2005.  He is a member of the Phi Beta Kappa, Phi Kappa Phi, and Phi Eta Epsilon national honor societies.

Direct download: CW_537_FBF.mp3
Category:general -- posted at: 3:02pm EDT

The debt crisis in Greece is proof that Socialism doesn’t work. Can you imagine camping out in front of an ATM only to be turned away? We need to be responsible. Socialism has never worked. Investing in long term, stable rental properties is the proper way to create and grow wealth. Make a decision on a material fact with us. Should the family have been notified about a stalker before they bought a house? And we go way back to the 1970’s when Jimmy Carter warned that the world’s oil was almost gone and the U.S. should invest in new technologies. Is the oil gone and do new energy sources have environmental sins of their own?

 

Key Takeaways: 

 

Jason’s Editorial:

[1:33] Thanks Mandy M. for the feedback! It’s appreciated. 

[2:19] Tell the world what you think and give us a review on iTunes

[2:43] The epic Socialist disaster - Greece

[4:14] You can’t use Scandinavia as an example of Socialism working

[6:40] Chicago/Grand Rapids Property Tour 

[8:37] On the 3rd day we are going to Detroit, possibly

[9:44] What is a material fact?

[10:55] The creepy “watcher” oddball story

[14:27] Money back + interest? Is that fair?

[14:57] Specific performance ruling

[15:57] Factor in the opportunity cost 

[21:45] Does this fit into the mold of material fact?

[22:16] Use the voicemail function folks! 

[23:29] Good old Jimmy Carter - The Malthusian Concept

[25:19] The evil United States? Is our consumption of oil really evil? 

[26:26] New energy sources create their own set of problems

[27:47] People are a wonderful resource 

[28:37] Japan was built on work ethic and intellect

 

Guest interview:

Mark Kohler of KKOS interview is being moved to another episode. 

 

 

Mentions:

In Greece it’s not over even when an old lady faints at the ATM

Lawsuit: Bring me young blood

Leave us a voicemail today! 

 

Jason Hartman 

Direct download: CW_536_Jason.mp3
Category:general -- posted at: 2:42pm EDT

Mark Fleming is the Chief Economist for First American Financial Corporation. He has been a trusted voice with over 20 years of experience in the mortgage and property information business. Mark talks on the housing collapse, where the housing market is today, and why you should pay attention to the Millennial and Baby Boomer market.  

 

Key Takeaways:

[6:10] Jason does the math on a high-end property in a cyclical market versus a lower-priced property in a linear market. 

[12:00] Owning five diversified properties is much better than owning one expensive property.  

[17:45] If you want to be green, be a cash flow investor.

[20:05] Jason introduces Mark Fleming. 

[23:25] Before the recession, there was a lot of incentive to flip homes as oppose to buying a home to live in. 

[26:00] Texas, the Dakotas, and Oklahoma are considered the energy states and currently have a good real estate market. 

[28:40] Mark talks judicial versus nonjudicial foreclosures. 

[36:30] Pay attention to where Millennials want to live and where Baby Boomers want to retire. 

[45:00] Mark believes Millennials might marry later, but they will still have a high marriage rate. 

[47:50] We may see a major shift in housing when Millennials are in their mid 30s. 

[51:20] What should the home-ownership rate be? Mark believes 65% is the magic number. 

 

Mentioned In This Episode:

 

http://www.firstam.com/

Direct download: CW_535.mp3
Category:general -- posted at: 5:11pm EDT

Doug Brunt is the former CEO of Authentium and author of, “GHOSTS OF MANHATTAN.” In his new book, he transports readers back to the extravagant times before Bear Stearns collapsed, exposing a culture with boundless bonuses, where the company expense account was routinely used for bar tabs, visits to strip clubs, and worse. He even throws in some comical stories and describes some of them. Brunt offers a withering view of life on Wall Street from the perspective of an unhappy insider, run-down by the corrosive lifestyle which is jeopardizing his marriage, who is too hooked on the money to find a way out.

Brunt is married to FOX News anchor Megyn Kelly, who has helped him with his books. Brunt describes their relationship and why he gave up a lucrative career as an Internet security entrepreneur.

Find out more about Doug Brunt at www.douglasbrunt.com.

Direct download: CW_534_FBF.mp3
Category:general -- posted at: 11:09am EDT

Jason welcomes back Steve, an old co-host. Steve is currently working with HomeVestors as a house flipper and shares his experience on the show. Jason reminds the audience that what Steve does is actually a full-time business that you have to manage, which may not appeal to his more passive investor audience. We also learn from Steve on what the real estate market is like in Utah and if it's worth investing in it or not. 

 

Key Takeaways:

[1:30] Jason welcomes back his old co-host, Steve. 

[6:00] When you become a house flipper, you also become a legal aid and social worker. 

[8:00] Steve shares a story about a house he flipped. 

[19:30] Buying homes at a discount is an art.

[23:00] Jason and Steve talk about hypocritical celebrities. 

[28:30] House flipping is a business. What Jason does is an investment. 

[32:00] What's the real estate market like in Utah right now? 

[38:00] If you're located in Magna, Utah, please email Jason. 

 

Mentioned In This Episode:

 

The Big Short by Michael Lewis 

Direct download: CW_533_Jason_Steve_on_Flipping_Ugly_Houses_with_HomeVestors.mp3
Category:general -- posted at: 2:50pm EDT

Laurence Kotlikoff is a second time guest to the Creating Wealth show and has a lot to share on the subject of economics and Social Security. Laurence Kotlikoff is a William Warren FairField Professor for Economics at Boston University and recently released a book entitled, Get What's Yours: The Secrets to Maxing Out Your Social Security. Laurence sits down with Jason to talk on the growing Social Security problem, the U.S. government's 210 trillion dollar time bomb, and what kind of economic environment we should expect in the next ten years. 

 

Key Takeaways:

[4:15] U-Haul is a good litmus test for migration trends. 

[9:25] Jason recommends reading The Untethered Soul by Michael Singer. 

[10:45] Look out for the informal Chicago property tour July 15th

[14:00] Jason welcomes Laurence Kotlikoff to the show. 

[14:55] How is Social Security sexist? 

[19:30] By waiting until you're 70-years-old, you'd be collecting a 76% higher Social Securities check. 

[25:30] The true fiscal gap the government is facing is around 210 trillion dollars. 

[30:15] How does the U.S. debt compare to the rest of the world? 

[39:55] Should we expect an inflationary, deflationary, or stagnationary economy in the future? 

[43:50] Laurence encourages even the younger generation to the read his book, Get What's Yours. 

[45:40] ThePurplePlans.org is a website that shares details on how economists believe you can fix the economy. 

 

Mentioned In This Episode:

The Untethered Soul by Michael Singer

http://www.promover.org/

https://www.maximizemysocialsecurity.com/

http://www.kotlikoff.net/

 

http://www.thepurpleplans.org/

Direct download: CW_532_Laurence_Kotlikoff.mp3
Category:general -- posted at: 12:00pm EDT

Catherine McBreen is the President of Millionaire Corner and the author of “Get Rich, Stay Rich, Pass it On: The Wealth-Accumulation Secrets of America’s Richest Families”.

The U.S. is now seeing record numbers of millionaires. McBreen explains the effect stocks have had on this run-up. She recently released a service called “Find an Advisor,” and discusses how it helps people find the best financial advisor for them. She also analyzes investment newsletters in lieu of financial advisors. McBreen finally talks about the effect money has on happiness and marriage relations.

 

Visit Millionaire Corner at www.millionairecorner.com.

Direct download: CW_531_FBF.mp3
Category:general -- posted at: 2:54pm EDT

Jason invites Fernando to talk about the first inaugural event of the Venture Alliance mastermind meeting. Fernando says it was a small number of people who attended, but the value of information that he gained was priceless. Bob Proctor is today's Creating Wealth main guest. He is widely considered one of the greatest speakers on personal development and he teaches people how to unlock their hidden abilities. Bob and Jason talk on the subject of creativity, taking control of your life, breaking out of your conditioning, and much more on today's episode. 

 

Key Takeaways:

[2:25] What did Fernando think of the first Venture Alliance mastermind meeting? 

[10:30] It's very difficult to find larger, more speculative deals on your own without the support of more experienced real estate investors.  

[14:05] You can join Jason and Fernando on an informal Chicago property tour and just hang out with the guys on July 16th

[15:40] Jason introduces Bob Proctor. 

[17:05] Bob helps people recognize who they are, how to set goals, and much more. 

[20:45] We're conditioned to live the way we live and if that doesn't change, the results don't change.  

[26:55] The U.S is filled with creativity compared to other countries like China, for example. 

[29:50] What's Bob's thoughts on The Secret? 

[34:25] How do we find our purpose? 

[38:05] Bob gives some quick tips on how to accomplish your goals. 

[39:35] Do your work, put your heart into it, and the sky will clear. 

 

Mentioned In This Episode:

 

www.proctorgallagherinstitute.com

Direct download: CW_530_Bob_Proctor.mp3
Category:general -- posted at: 10:00pm EDT

Jason invites Ian Kimal to answer some his question. Ian has been a Creating Wealth listener for quite some time and asks Jason on how to successfully screen a good management company, owning apartments versus single-family homes, and much more on today's episode.  

 

Key Takeaways:

[1:35] Jason talks about some of the upcoming episodes you can expect. 

[4:40] The mastermind group last weekend was a great success. 

[10:10] Zimbabwe is the perfect example of what happens with bad governance and central banking. 

[12:50] Jason invites a listener, Ian Kimbal, to the show. 

[16:20] If Jason purchased a property later in life, he would have missed out on a great learning opportunity. 

[17:00] Apartments are complicated, but they're still do-able. 

[23:40] How do you protect yourself from liability when you're young? 

[32:35] Have a separate bank account for your real estate investing activities

[34:05] Should you get a real estate specific resume? 

[38:48] What are the best ways to screen property management companies?

[47:00] Should you go out and physically look at a property? 

 

Mentioned In This Episode:

 

http://www.venturealliancemastermind.com/

Direct download: CW_529.mp3
Category:general -- posted at: 11:18pm EDT

Oringally aired as CW 362

 

The tables have been turned on Jason Hartman during Episode #362 of The Creating Wealth Show. Normally Jason asks the questions, but today, host Kerry Lutz of the Financial Survival Network sets the agenda. What transpires is a nuts and bolts crash course in the exact reasons single family residential properties are Jason’s preferred form of investing, bar none. Better than the stock market or gold by a long shot, and safer than apartment complexes or commercial properties. If you have an interest in a better understanding of the kind of investing that creates actual wealth for the long term, don’t skip this show.

About Kerry Lutz

Kerry Lutz has been a student of Austrian Economics since 1977. While attending Pace University, he stumbled upon an extensive cache of Austrian Economic Literature in a dark, musty, abandoned section of the school’s library. After graduating from The New York Law School, he became an attorney and life-long serial entrepreneur. His diverse career has included: running a legal printing company, practicing commercial law and litigation and founding a successful distressed asset investment company.
.
In 2010, Kerry gave up most of his other interests to pursue his long held desire of becoming a radio show host. Thus the Financial Survival Network was born. Its mission, much like that of Jason Hartman’s, is helping you to survive and thrive in the New Economy. He has done hundreds of interviews with such financial luminaries as Peter Schiff, Harry S. Dent, Martin Armstrong and Peter Grandich. Kerry now appears on 1230 WBZT, in West Palm Beach, FL, every Sunday from 9am-10pm EST.

In This Episode, Jason Addresses:

  • Is the dollar collapse real or fiction and why it might not matter
  • Why math math is irrelevant when it comes to the economy
  • Where Chinese millionaires want to live
  • Why residential property investments beat multi-family and commercial
  • How you can tell if your real estate portfolio is diversified
  • What’s wrong with most real estate gurus’ and their promises
  • much, MUCH more…

Don’t miss Jason’s monologue, which leads off this episode. He discusses the recent merger of eLance and oDesk, the scam of life insurance as an investment,why college no longer makes financial sense, and what Steve Jobs told President Obama about creating more jobs.

Links:

The Financial Survival Network
Check out this episode!

Direct download: CW_528_FBF.mp3
Category:general -- posted at: 11:39am EDT

Jason Hartman has answered a number of Steve G. Jones's voice mail questions on previous Creating Wealth episodes and now he appears today as a guest! Steve has a lot of great questions for Jason on the topics of purchasing income property, renting versus buying properties, and much more. By the way, during Jason's move from Phoenix to California, he found another dozen of the physical product of the Meet the Masters home study courses. Go to JasonHartman.com to buy it at an incredible discount.

 

Key Takeaways:

[3:50] There's no such thing as return on equity.

[9:30] Longevity is a big deal, so let's plan for it in our investment strategy. 

[11:20] Jason plays and answers a listener question. 

[16:00] In moving, Jason found another dozen Meet the Masters home study courses. Go to JasonHartman.com to get it at an incredible discount. 

[17:45] Jason invites a listener, Steve G. Jones, onto the show. 

[24:50] The Khan Academy has some great videos on the difference between renting versus owning. 

[29:15] Jason's rent to value ratio holds up worldwide. 

[38:00] What would Jason buy if he had a $1.2 million credit line and $1m in cash? 

[42:50] There are only three types of smart investments you can make with your money. Jason explains. 

[47:15] Don't be in the stock market! You'll just get ripped off. 

[50:55] If you have more questions for Jason, please feel free to call in and appear on the Creating Wealth show. 

 

Mentioned In This Episode:

http://www.jasonhartman.com/

 

https://www.khanacademy.org/

Direct download: CW_527.mp3
Category:general -- posted at: 7:01pm EDT

Bill Tatro is an economist and is a former radio show host of It's All About Money. This is Bill's second time on the Creating Wealth show and Jason catches up with him on what's new in the economy. Bill talks on Gen Y's disinterest in golf and tennis, Gen Y being more money savvy than their parents, and much more on today's episode. 

 

Key Takeaways:

[1:15] Jason has finally moved to California. 

[3:10] The first event for Venture Alliance starts this Friday evening in San Diego. 

[4:30] Jason introduces Bill Tatro to the show. 

[5:15] Gen Y doesn't seem to be interested in golf. 

[10:20] How does golf and tennis work in a Keynesian world? 

[14:15] Millennials understand finance. 

[18:45] Why will a Keynesian system end in war? 

[25:00] People are just not spending money right now. 

[26:35] The only way out of debt is through inflation. 

[30:00] Most retirees have to sell their assets to create an income stream. 

[34:55] Barrack Obama has succeeded in destroying the middle class and having more people become dependent on the government. 

 

Mentioned In This Episode:

 

http://billtatro.com/

Direct download: CW_526.mp3
Category:general -- posted at: 9:55pm EDT

Originally aired as CW 433

In his introduction today, Jason Hartman shares his opinions and experiences with the growing trend of psychiatric prescription drugs, as well as reinstating how real estate investors can avoid having to hand over huge portions of their profit to the government. 

Later, he invites financial analyst Daniel Amerman on as a return guest to the Creating Wealth Show. Together, they discuss their respective solutions for eliminating debt, they talk about new American laws and regulations and their impact on the global financial market and ultimately, they resolve that sometimes you just have to align yourself with those in power to be successful.

Direct download: CW_525_FBF.mp3
Category:general -- posted at: 2:54pm EDT

When Fernando first met Jason, he had a goal to purchase enough properties to successfully achieve 'financial independence day'. A couple of years later, he built an impressive portfolio and is now retired from his job at Apple Computers. Fernando is now one of Jason's investment counselors and today he hopes to answer some common questions his real estate investor clients have been asking him. 

 

Key Takeaways:

[2:00] Jason would love to have listeners on the show. Fill out a guest form at JasonHartman.com/Jason. 

[4:45] In the membership section of JasonHartman.com, the audio players use Flash. Jason's team is fixing this. 

[9:15] What's the process if you want to get started in real estate? 

[16:35] Listen to the Creating Wealth podcast to get a free education on real estate.

[18:25] Please listen to episode 405 and learn how to read a property pro forma. 

[21:45] You learn a lot just by coming to one of Jason's live events. 

[29:45] Jason's business model is a simple one. They work on referrals and don't charge you a dime. 

[32:00] You can own property without an LLC, but please read Mark Kohler's book, What Your CPA Isn't Telling You.  

[37:35] You can have a good or bad tenant on any A, B, or C class property. 

[39:25] Last thoughts? Don't over think the numbers too much. We are here to help you through the process, all you have to do is start. 

 

Mentioned In This Episode:

http://www.jasonhartman.com/cw-485-real-estate-investing-chicago-jason-hartman/

http://www.jasonhartman.com/cw-508-market-profile-on-jackson-mississippi-with-market-specialist-brad/

http://www.jasonhartman.com/creating-wealth-255-memphis-foreclosure-profits/

http://www.jasonhartman.com/cw-405-how-to-read-a-property-pro-forma/

https://www.youtube.com/user/JHartmanRealEstate

http://www.jasonhartman.com/cw-514-client-case-study-with-philip-sullivan-in-the-atlanta-kansas-city-and-little-rock-real-estate-markets/

http://www.jasonhartman.com/cw-458-david-porter-platinum-properties-client-speaks-succesfull-income-property-investment-retail-shipping-us-economy/

http://www.jasonhartman.com/cw-459-client-case-study-70-units-fernando/

What Your CPA Isn't Telling You by Mark Kohler

 

MarkJKohler.com

Direct download: CW_524_Jason_and_Fernando.mp3
Category:general -- posted at: 8:59pm EDT

Jason Hartman talks on how much he hates seeing people being ripped off in Las Vegas casinos and how casinos hurts the local economy more than helps it. He also does a case study with his long time client Joe Gocalves from Los Angeles. Joe has accumulated over 90 properties in five different markets and he shares to the audience why he chose real estate to achieve financial independence. 

 

Key Takeaways:

[1:50] Every time a casino opens in an area, the divorce, suicide and poverty rate increases. 

[8:15] Jason describes derivatives as 'the thing about the thing'. 

[12:15] According to the National Association of Realtors, prices will be increasing. 

[17:20] Jason introduces Joe and investment counselor Sara to the show. 

[21:30] Joe heard Jason's podcast, loved it, and he bought two properties on the spot with him. 

[26:30] Joe purchased a section 8 home and it's been the easiest property to manage so far.  

[27:25] Sara shares her opinion on section 8 homes. 

[33:20] Jason used to think investing in a lot of different cities was good, but now he only recommends being in 3-5 markets instead. 

[36:15] Jason is not happy with Affinity Group Management and talks about why. 

[42:00] Joe invested in stocks before he invested in real estate and lost money in the 2000 crash. 

 

Mentioned In This Episode:

 

JasonHartman.com/ 

Direct download: CW_523_Joe_Goncalves.mp3
Category:general -- posted at: 7:10pm EDT

Orginally aired as CW 461

 

On today’s Creating Wealth Show, Jason Hartman talks about the vital side of investing that is construction cost. As an investor within real estate, it’s so important to know the situation, whether it be adjusting how much you pay contractors to match with the area itself or knowing just how much the replacements to your property would be compared with the actual cost price.

Key Takeaways

01.34 – With tickets hugely limited, it’s time to get excited about the best Meet the Masters event to date.

04.25 – As a prudent investor, you need to know the vital points about LTIs and regression to replacement costs. Learn all you need here.

06.31 – Jason Hartman’s personal risk evaluator model relies on construction cost and land cost, and this is a great way to minimize risk when investing in real estate.

11.26 – If you’re building in a higher price area, you’re going to have to pay your contractors more because they have to be able to afford to live in that area.

14.38 – Three sources of assessing your land value: tax collector or assessor for property taxes, an insurance broker – an insurance company selling you a policy based on the property, and an appraiser.

18.58 – If you’re interested in looking for the sorts of properties that can offer you regression to replacement opportunities, come along to the Birmingham, Alabama property tour in November.

25.06 – For more information specifically about risk assessment in investing, go to www.JasonHartman.com and type in ‘Hartman risk evaluator’ into the search bar to find podcasts and blog posts.

27.09 – Another recommendation for you is to look for the podcast and YouTube video about how to read a property Proforma. This is a really vital skill you can use to become a better investor.

Direct download: CW_522_FBF.mp3
Category:general -- posted at: 6:00am EDT

Philip Kotler is the S. C. Johnson Distinguished Professor of International Marketing at the Kellog School of Management. He is a trained economist and the author of 55 books, including his most recent book titled Confronting Capitalism. His latest book hopes to give real solutions to the troubled economic system. Philip talks to Jason today on capitalism and how he thinks it can be better. 

 

Key Takeaways:

[3:20] Jason recommends reading Sapiens by Yuval Noah Harari. 

[5:00] On the fence about joining Venture Alliance? Come as a guest and check it out. 

[11:15] Jason introduces Philip. 

[12:50] Capitalism is a great system, but we should also try to improve it. 

[19:10] Tax payers are paying for what McDonald's/Walmart is not paying. 

[23:30] Consumers want it cheap, but they also want jobs. Can we have both? 

[28:20] Public education is so bad that Philip is glad we have immigrants coming in with the skills we need.

[34:44] There's a group of people who want to be taxed more, but they don't want that money going into another battleship. 

[40:00] Governments should be more localized, because then they'd be more responsive. 

[48:11] The reason why Philip decided to become an economist was because he wanted to understand how income is generated and distributed. 

 

Mentioned In This Episode:

Sapiens: A Brief History of Humankind by Yuval Noah Harari

VentureAllianceMastermind.com 

http://www.kotlermarketing.com/

 

Confronting Capitalism by Philip Kotler

Direct download: CW_521.mp3
Category:general -- posted at: 7:21pm EDT

Jason Hartman is currently visiting Ireland and one of his listeners asked to meet with him personally while he was here. Ross Lauder talks on Ireland taxes, the Irish economic crash in 2008, and why Ross loves the US real estate market for income investing.  

 

Key Takeaways:

[2:15] Ross has been listening to Jason's show since 2009. 

[5:05] Why is Ireland so appealing to corporations? 

[12:05] Ireland has had two big votes recently. Same-sex marriage and trying to change the minimum presidential age from 35 down to 21. 

[18:45] What's happening with the real estate market in Ireland? 

[28:02] Why does Ross like real estate? 

[34:08] Jason is working on a new property tour with his team, so look forward to that. 

 

Mentioned In This Episode:

 

JasonHartman.com

Direct download: CW_520_Ross_Lauder.mp3
Category:general -- posted at: 4:38pm EDT

Orginally aired as CW 258

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

Direct download: CW_519_FBF.mp3
Category:general -- posted at: 11:38am EDT

Jason reads two articles to the audience. One is about the perception of Wall Street from Business Insider and another on CEO wages from Newser. Jason encourages you to leave him a voicemail on your opinion about the articles. Today's guest is Douglas Goldstein. Douglas is the author of Rich As A King and he talks to Jason on using the concept of chess to become a more strategic investor. 

 

Key Takeaways:

[3:40] There's one common theme in the CNBC show American Greed – investors didn't have control. 

[8:05] Be sure to check out this upcoming Flashback Friday episode.

[10:40] Jason reads an article from Newser about CEO wages. Send him a voicemail on your thoughts about this article. 

[16:05] Jason introduces Douglas. 

[22:15] How do we apply chess to our investments? 

[30:30] Focus on one piece of your investment and try to make it just slightly better. 

[35:30] What are zero coupon bonds? 

 

Mentioned In This Episode:

http://www.businessinsider.in/A-fresh-reminder-of-the-average-persons-perception-of-Wall-Street/articleshow/47331522.cms

http://www.newser.com/story/206794/ceo-pay-hits-wild-milestone.html

RichasaKing.com

 

@RichasaKing

Direct download: CW_518.mp3
Category:general -- posted at: 3:48pm EDT

Jason talks on why the US real estate is vastly better than the European market and also answers a listener question from Pam. Gary Carmell is the author of The Philosophical Investor: Transforming Wisdom into Wealth. He talks to Jason on what is a philosophical investor, the reason why there was a 2008 real estate crash, inflationary pressure and much more. 

 

Key Takeaways:

[6:20] The US real estate is still better than the Euro real estate for income investing. 

[17:10] Jason answers a listener question from Pam. 

[20:35] Jason introduces Gary Carmell

[23:00] What is the philosophical investor? 

[30:50] Jason breaks down the real estate market into three types: linear, cyclical, and hybrid. 

[39:10] Why does the typical institutional investor always go for the class A properties? 

[51:20] There isn't a lot of demand right now for burrowing money. 

[53:50] How does Gary feel about deflation? 

 

Mentioned In This Episode:

http://www.cwscapital.com/who_we_are/carmell.aspx

 

https://www.garycarmell.com/

Direct download: CW_517_Gary_Carmell.mp3
Category:general -- posted at: 10:42pm EDT

Orginally aired as CW 221

 

At a period in America’s life when all seems insurmountable, what with an astronomical national debt, high unemployment and underemployment, failing small businesses, and controlling corporate interests that don’t seem to have American citizens’ best interest in mind, it’s hard to believe that America is truly rich.  Join Jason Hartman as he interviews Dr. Nick Begich, founder of Earthpulse Press, regarding the true wealth of America.  Only looking at the profit and loss statements of our country and of many businesses conjures up a sense of failure and hopelessness, but Dr. Begich shares his optimism about America’s profitable future, encouraging people to look at the assets sheet, i.e. the vast resources our country boasts.  The mineral wealth alone in this country is enough to retire the national debt, as well as put Americans back to work for a very long time. 

Dr. Nick Begich is the eldest son of the late United States Congressman from Alaska, Nick Begich Sr., and political activist Pegge Begich. He is well known in Alaska for his own political activities. He was twice elected President of both the Alaska Federation of Teachers and the Anchorage Council of Education. He has been pursuing independent research in the sciences and politics for most of his adult life.

Begich received Doctor of Medicine (Medicina Alternitiva), honoris causa, for independent work in health and political science, from The Open International University for Complementary Medicines, Colombo, Sri Lanka, in November 1994. He co-authored with Jeane Manning the book Angels Don’t Play This HAARP; Advances in Tesla Technology. Begich has also authored Earth Rising – The Revolution: Toward a Thousand Years of Peace and his latest book Earth Rising II- The Betrayal of Science, Society and the Soul, both with the late James Roderick.

His latest work is Controlling the Human Mind – The Technologies of Political Control or Tools for Peak Performance. Begich has published articles in science, politics and education and is a well known lecturer, having presented throughout the United States and in nineteen countries. He has been featured as a guest on thousands of radio broadcasts reporting on his research activities including new technologies, health and earth science related issues. He has also appeared on dozens of television documentaries and other programs throughout the world including BBC-TV, CBC-TV, TeleMundo, and others.

Direct download: CW_516_FBF.mp3
Category:general -- posted at: 6:00am EDT

Michael Casey is the author of The Unfair Trade and talks to Jason on how we can make international trade fair. Jason and Michael talk on how saving financially can hurt the economy as a whole, China's economy, job creation, and much more on today's episode. Jason would also like to remind his listeners that if you'd like to join the Venture Alliance, you can by going to http://venturealliancemastermind.com/

 

Key Takeaways:

[4:10] Always have an inspection in your properties. 

[13:20] Check out http://venturealliancemastermind.com/ if you'd like to join Jason's mastermind.

[14:18] Jason welcomes Michael Casey to the show.
[25:00] Saving excessively can be destructive to a nation. 

[34:05] China is very far away from creating a middle class economy. 

[38:15] Technology is moving so fast that we can not keep up with creating new job opportunities. 

[46:30] The problem with ObamaCare is that we already have socialized health care by default. 

[49:20] We have nationally-focused governments, but we need international organization for fair trade to work properly.  

 

Mentioned In This Episode:

http://venturealliancemastermind.com/

JasonHartman.com

 

michaeljcasey.com/ 

Direct download: CW_515.mp3
Category:general -- posted at: 6:02pm EDT

Jason reads a nice letter written by Gary who toured with Jason during the Memphis Property Tour. Jason introduces a long-time client, Philip Sullivan to the show to talk about his real estate investment portfolio. Philip is unique because he started his real estate journey doing hard-money lending first and then purchasing income property. He talks on some of the mistakes and key lessons he has learned on today's show. 

 

Key Takeaways:

[3:00] Jason regrets dropping out of typing class. Send him a voice mail, not an email! 

[8:00] Jason reads a lovely note written by one of his clients, Gary. 

[12:00] Jason welcomes Philip to the show. 

[15:10] Philip did 10-15 hard-money loans before he purchased his first property. 

[23:00] Philip chose class A properties, because he liked the leverage and stronger appreciation. 

[31:10] Catering to a diverse set of income classes will help you in both a good or bad economy. 

[34:10] Forward your addresses so important mail gets directly to you and not to your rental property. 

[36:15] A lot of clients have been successfully using virtual mail boxes. Jason explains what they are. 

 

Mentioned In This Episode:

VirtualPostMail.com

TravelingMailBox.com

USGlobalMail.com

 

PostScanMail.com

Direct download: CW_514.mp3
Category:general -- posted at: 1:11pm EDT

Orginally aired as CW 233

With a high number of foreclosures still haunting homeowners, Jason Hartman and Chad Ruyle, principal and co-founder of YouWalkAway.com, discuss strategic defaults, homeowners’ rights, understanding the foreclosure process, and how homeowners can use the law to their advantage when their mortgage is in default. When should you walk away? How can you minimize foreclosure consequences?

Chad R. Ruyle has been interviewed by journalists for CBS 60 Minutes, ABC Nightline, The Today Show on NBC, Dylan Ratigan, and NBC Nightly News with Brian Williams to name a few.  Ruyle is also a partner at the Law Firm of Ruyle& Ruyle in San Diego and has incorporated his extensive legal background into YouWalkAway.com.  He sees mortgage defaulting as a business transaction not an emotional decision.  Mortgage contracts are written with addressing potential foreclosures – clearly stating if the borrower ceases to make payments, the bank will take the house back. Ruyle focuses his practice on all areas of trusts and estates, business planning, and real estate transactions.

Be sure to also visit the Members section for guests such as Brian Tracy, Garrett Sutton, and Jim Rogers!

Direct download: CW_513_FBF_REV1.mp3
Category:general -- posted at: 2:32pm EDT

Jason invites his top investment counselor, Sara, to the show. Jason and Sara share their thoughts on the Memphis market and what potential investors might expect. Sara also lists the importance of having the right mindset when investing in a C property and Jason gives a break down on the price ranges of A, B, and C class properties on the show. 

 

Key Takeaways:

[2:20] Jason shares his impression on the Memphis market. 

[5:00] Sara shares her thoughts.

[6:50] Section 8 tenants do stick around.

[11:50] How much is a class A home? It varies. 

[18:45] You need to have the proper mindset for C properties. 

[20:15] Jason talks about the general pricing of A, B, and C properties. 

[28:15] Try and target a 4% annual rent increase. 

[37:50] Remember, every property is an individual case. 

[43:45] Be careful who you listen to! 

 

Mentioned In This Episode:

 

http://www.propertywire.com/news/europe/us-property-prices-rents-2015043010455.html

Direct download: CW_512.mp3
Category:general -- posted at: 10:02pm EDT

Jason invites his mother, Sara, Fernando, and Brad to do a mini recap on the Memphis property tour they just had. Fernando shares his property performance statistics to the audience and Brad talks about the Mississippi real estate market. Our guest today is Doug Hall of the National Priorities Project. He talks to Jason on the federal discretionary budget and how his company is trying to make the federal budget more transparent to taxpayers. 

 

Key Takeaways:

[1:50] Sara shares her thoughts on the Memphis property event. 

[3:30] Jason's mother shares her thoughts about the properties in Memphis. 

[6:00] Fernando showed clients charts and graphs on how his properties have preformed over the years.

[9:50] Fernando has a annual 23% return from his real estate investments versus 13% annual return from his Apple stock. 

[14:10] Brad talks about what Jason and the team can expect to see in the Jackson, Mississippi market. 

[18:50] Jason introduces Doug Hall. 

[21:05] Doug looks at both the federal discretionary budget as well as the overall budget. 

[27:14] Should there even be unions in the public sector? 

[29:50] What is the impact of federal spending at both the state and local level? 

[34:40] Doug points out that the Pentagon is essentially unauditable. 

[38:45] If you reduced the military spending by 2 billion dollars, you could increase other areas of the discretionary budget like education, medicare, etc by 50%. 

 

Mentioned In This Episode:

 

https://www.nationalpriorities.org/

Direct download: CW_511.mp3
Category:general -- posted at: 8:55pm EDT

Originally aired as Creating Wealth 310

 

On this episode, Jason Hartman is joined by Jack Canfield, America’s #1 Success Coach, to talk about Jack’s journey to success as founder and CEO of Chicken Soup for the Soul Enterprises, founder and chairman of The Canfield Training Group, and his latest project, Bestseller Blueprint Training Program.  As the beloved originator of the Chicken Soup for the Soul® series, Jack Canfield fostered the emergence of inspirational anthologies as a genre - and watched it grow to a billion dollar market. As the driving force behind the development and delivery of more than 123 million books sold through the Chicken Soup for the Soul® franchise (and over 500 million copies in print worldwide), Jack Canfield is uniquely qualified to talk about success. His proven formula for success reached global acclaim with his most recent National Bestseller, The Success Principles™: How to Get from Where You Are to Where You Want to Be. For his fascinating story, listen at: www.SpeakingofWealth.com.

Jack is a multiple New York Times bestselling author, including titles such as The Power of Focus, The Aladdin Factor, Dare to Win, You’ve Got to Read This Book! and The Key to Living the Law of Attraction. He is the Founder and Chairman of The Canfield Training Group in Santa Barbara, California, which trains entrepreneurs, educators, corporate leaders and motivated individuals how to accelerate the achievement of their personal and professional goals. Jack is also the founder of The Foundation for Self-Esteem in Westlake Village, California, which provides self-esteem resources and trainings to social workers, welfare recipients and human resource professionals. Jack wrote and produced the Goals Program, a video training program for California welfare recipients. To date, the program has been responsible for helping 450,000 people get off welfare.

Jack is a featured teacher in the movie “The Secret”, “The Opus”, “The Cure”, "The Tapping Solution”, and “Yes IS the Destination...No is How You Get There.” He has recently been filmed for inclusion in two more films entitled “Discover the Gift” and “Awakening.”

Jack has also been a featured guest on more than 1,000 radio and television programs in nearly every major market worldwide - many of them on a repeat basis. A sample of these shows include Oprah, Montel, Larry King Live, 20/20, Inside Edition, The Today Show, Fox and Friends, The CBS Evening News, The NBC Nightly News, Eye to Eye, CNN's Talk Back Live!, PBS, QVC and many others.

 

Direct download: CW_510_FBF.mp3
Category:general -- posted at: 11:26am EDT

Jason's mother, Joyce, reads a book a week and has some interesting questions for Jason about the book she's currently reading entitled The Death of Money by James Rickards. Jason and Joyce talk about China's economy, the one child policy, and they also touch on why the US government loves inflation. 

 

Key Takeaways:

3:40 – Joyce is currently reading The Death of Money by James Rickards. 

6:30 – If you believe in Earth Day, why don't you move to North Korea? 

9:55 – Corruption happens everywhere, both in the US and in China. 

15:15 – China just doesn't have enough money. 

23:50 – It's silly that the US government doesn't include food and energy in their inflation stats. 

28:10 – What does all of this have to do with income property? 

35:30 – People say that the US is no longer going to be the leading reserve currency in the ten years. Jason doesn't think that's true. 

40:10 – Jason thinks his mother should start her own podcast. 

 

Mentioned In This Episode: 

The Death of Money by James Rickards

The Bet by Paul Sabin

 

 Smaller, Faster, Lighter, Denser, Cheaper by Robert Bryce.

Direct download: CW_509.mp3
Category:general -- posted at: 9:37pm EDT

Jason would like to remind his audience that the Memphis property tour is coming up and there's still a few seats left. Jason invites Brad, a market specialist for the Jackson, Mississippi market to give an extensive market profile on the area and why it's a good time to invest there. 

 

Key Takeaways:

2:40 – There will be a Venture Alliance mastermind meeting in San Diego. 

4:25 – For the mastermind meeting in June, you can come as a guest to get a feel for it. 

5:35 – Jason welcomes Brad. 

9:20 – Brad sold some of his properties in 2005 and regrets it. 

15:40 – You can buy a house in Jackson for $50k and have it rent for $750. 

18:10 – Brad shares his thoughts on section 8 tenants. 

21:40 – Brad lists some key things he likes about Jackson. 

29:10 – There will always be people who will have a renter mentality and not purchase a home. 

 

Mentioned In This Episode:

JasonHartman.com

 

VentureAlliancemastermind.com

Direct download: CW_508.mp3
Category:general -- posted at: 9:17pm EDT

Jason Hartman starts this episode with an update on and new fixed-rate mortgage financing program for IRA investors and foreign nationals. In addition, you’ll hear about a change the RSS feed for this podcast in hopes that the change will be seamless and you won’t even notice it; however, you know how technology goes sometimes. You’ll get an overview of a few properties, a few thoughts on the greater Atlanta, Georgia real estate market and an update on Jason’s “Meet The Masters of Income Property Investing” event slated for October at The Hyatt Regency in Irvine, California visit: http://www.jasonhartman.com/meet-the-masters-of-income-property-investing/for complete details.

The main focus of this episode of The Creating Wealth Show will be: Defending Against The Demons of Investing.

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

Direct download: CW_507_FBF.mp3
Category:general -- posted at: 10:39am EDT

Jason invites Fernando on to the show and answers a couple of his questions on lease renewal. Dan Mitchell is also today's Creating Wealth guest. Dan is a senior fellow at the Cato Institute and talks about high corporate taxes, the fiscal policy, and recommendations on how a country's economy can grow instead of collapse. 

 

Key Takeaways:

1:40 – Fernando shares his opinion on the mastermind group he and Jason are currently attending. 

5:50 – Fernando has two questions about upcoming property renewals and wants to pick Jason's brain on what he should do. 

15:20 – Jason introduces Dan Mitchell. 

20:05 – Taxing US citizens world wide is a nightmare. 

26:05 – The US understands that it can't go down the same route as failing economies like Greece. 

33:58 – We can no longer view the government as a sugar daddy. 

 

Mentioned In This Episode:

https://www.rentometer.com

cato.org

 

https://danieljmitchell.wordpress.com/

Direct download: CW_506.mp3
Category:general -- posted at: 8:15pm EDT

Jason starts by talking about the Millennial demographic and its benefits for real estate investors. In relation to this, he reads an article on the renter market and why fewer people are purchasing homes. He also takes the time to answer a couple of listener questions about home-owner risk mitigation and renting versus owning property on today's show. 

 

Key Takeaways:

2:00 – Millennials have seen their parents get burned by the real estate crash. 

7:40 – Millennials are putting off marriage, living with their parents, and have massive student loan debt. 

9:35 – It's hard to get good stats on individual home owners or single family homes.

11:35 – If Fannie Mae and Freddie Mac were to go away, it would free up 25 million new renters. 

14:30 – Jason answers a listener question about risk mitigation for properties. 

19:20 – Jason answers another question about renting versus owning. 

 

27:05 – Next episode Jason will have Dan Mitchell, Senior Fellow from the Cato Institute, on the show. 

 

Mentioned In This Episode:

 

http://realestateconsulting.com/affluent-apartment-renters-slow-to-buy-a-home/

Direct download: CW_505.mp3
Category:general -- posted at: 1:33pm EDT

Jason Hartman talks with investment counselor, Sara, about investor psychology, overcoming obstacles and getting out of our own way.  The smoke-and-mirrors propaganda perpetuated by mainstream media (lamestream media as Sarah Palin says) in reporting the new high in the Dow Jones Industrial Average (DJIA).  

They almost always fail to distinguish between nominal dollars and real dollars.  Jason illustrates how investors have actually lost money in inflation adjusted dollars and how the Dow has to increase a lot more before investors break even based on the two peaks.  This lie is even worse when one considers how inflation is underreported in the consumer price index (CPI and CPI-U) due to weighting, substitution and hedonics (the hedonic index).  Another misrepresentation is the ‘core rate’ or ‘core inflation’ which strips out food and energy because they’re too volatile.  Jason shares some interesting data from ZeroHedge.com.

Jason and Sara discuss announce the Memphis Distressed Property Tour and Creating Wealth Bootcamp, register at: http://www.jasonhartman.com/ (click on “events”). The Memphis Hilton will host the event.

You’ll hear a mortgage financing panel from Jason’s ‘Meet the Masters of Income Property Investing’ event last January in Irvine, California.  Many topics are discussed, including:

 

 

  • How investors can obtain more than 10 Fannie Mae (FNMA) loans
  • How banks underwrite non-owner occupied loans
  • Implications of strategic default
  • Property financing with entities like LLCs, corporations and trusts
  • Private lending/hard money lending options
  • And much more
Direct download: CW_504.mp3
Category:general -- posted at: 6:33pm EDT

To start, Jason's mother joins Creating Wealth to speak on the latest in the real estate market and rent to value ratios. Today's Creating Wealth guest is Managing Director of Dandrew Partners New York, Salvatore Buscemi. Dandrew Parnters specializes in non-performing residential mortgages. Salvatore talks about why the real estate market collapsed, dealing with inexperienced investors, real estate crowd funding, and more on today's show. 

 

Key Takeaways:

2:00 – Jason's mother will be joining the Memphis property tour. 

19:05 – Jason is waiting for space flights to be cheaper before he goes. 

21:20 – Jason welcomes Salvatore Buscemi to the show. 

30:20 – Not everyone is a crook, they just may be inexperienced. 

40:05 – Many crowd funded deals are dealing with a less experienced investor who might not be able to bring a lot to the table. 

48:30 – Foreigners still see America as a safe place to put their money. 

60:50 – It can be hard to find legit real estate deals. Always ask the hard questions first.

 

Mentioned In This Episode: 

JasonHartman.com 

Direct download: CW_503.mp3
Category:general -- posted at: 8:00am EDT

Jason Hartman reads a listener question about the rental rates decreasing and what to do about it. He also invites Jurgen Neugebohrn to the show and answers some of his personal questions. Jurgen is in the oil industry in Saudi Arabia and is interested in the real estate market. He has some very interesting questions for Jason to answer and picks Jason's brain on investing in real estate. 

 

Key Takeaways:

4:50 – You don't hear about the people who have lost money investing in low rent to value ratio markets. 

7:25 – Jason reads a listener question about rental rates decreasing. 

12:15 – Remember to join our Memphis property tour! 

13:50 – Jason introduces Jurgen, an online listener, to the show. 

19:50 – What's Saudi Arabia like? 

23:30 – According to Jim Norman, the reason why oil prices are so low now is because the US is trying to economically hurt Russia and Venezuela. 

25:00 Jason explains why he disagrees with Harry Dent. 

32:00 – Jason doesn't have a check list on what you should buy because properties vary depending on the investor's needs. 

 

35:35 – Jurgen asks one last question about Fernando's independence day. 

 

Mentioned In This Episode: 

 

The Oil Card by Jim Norman

Direct download: CW_502.mp3
Category:general -- posted at: 3:00pm EDT

If you thought economics was boring, think again. At the heart of wars, land grabs, politics, history, and almost any sort of human interaction lies economics. Remember – economics is about money, and money, depending upon your perspective, either makes the world go ‘round or is the root of all evil.

Either way, Jason Hartman’s interview of master economist, Martin Armstrong, for episode #382 of The Creating Wealth Show makes for scintillating listening. First, some background.

Martin Armstrong is the former chairman of Princeton Economics International Ltd. He is best known for his economic predictions based on the Economic Confidence Model, which he developed. In September 1999, Armstrong faced prosecution by the Securities and Exchange Commission and the Commodity Futures Trading Commission for fraud. During the trial, Armstrong was imprisoned for over seven years for civil contempt of court, one of the longest-running cases of civil contempt in American legal history. In August 2006, Armstrong pleaded guilty to one count of conspiracy to commit fraud, and began a five-year sentence.

Armstrong is the developer of the Economic Confidence Model based on business cycles. He is known for claiming to have predicted the crash of 1987 to the very day. Using his theory that boom-bust cycles occur once every 3,141 days (the number pi multiplied by 1000), Armstrong claimed in 1999 to have predicted the Nikkei’s collapse in 1989 and Russia’s financial collapse in 1998.

During this interview Jason and Martin delve into a number of topics:

Putin’s Plan
Armstrong reminds us that Russian President Putin is a KGB disciple who would love nothing more than to put the Soviet Union back together. Through this prism, it’s not difficult to see the reasons behind his land grab in the Ukraine. He believes that the strength of a nation depends upon how much territory it owns, so look out Poland, etc! It’s also worthwhile to note that the failure of communism in Russia left a void that has been filled by a good, old-fashioned oligarchy.

Inflation vs. Deflation
As all good economists do, Mr. Armstrong has a strong understanding of, and opinions about, the inflation and deflation in an economy. Of course, Jason loves this topic whenever it arise in conversation. The main point Martin makes is that it is not inflation that destroys an economy, but rather deflation. Listen in as he explains exactly how.

Other notes of interest from the interview:

  • Why we’re on a 25-year war cycle and 8.6-year business cycle
  • Why the US ended up in the enviable/unenviable status as the Brinks truck to the world
  • Is the American dollar now a de facto international currency?
  • The US will never enter hyperinflation (400% monthly inflation) – our corrupt bankers won’t let it happen
  • It’s almost impossible for Americans to open a bank account or do business overseas – what is Europe afraid of?
  • The next economic implosion will be in pension funds
  • The real reason behind the recent huge influx of foreigners buying real estate investments in the US
Direct download: CW_501_FBF.mp3
Category:general -- posted at: 6:00am EDT

Welcome to the 500th episode of the Creating Wealth show. Jason is excited to bring on Fernando during the intro portion of the show. Fernando talks about how he first found about Jason's podcast and how it's been an incredible journey since then. Jason invites Guy Kawasaki on to the show to talk about social media and to also share some of his thoughts on the Steve Jobs work model. 

 

Key Takeaways:

1:50 – Thank you for supporting the Creating Wealth show. 

6:15 – Jason gives a highlight of some of the amazing guests he's had on the show. 

21:40 - Paul Zane Pilzer once talked about if you listen to the customer, you'll always be looking in the rear view mirror. 

27:30 – Jason welcomes Guy to the show. 

34:30 – Guy talks about when he uses Periscope's streaming service. 

39:30 – Guy shares his advice on branding. 

44:25 – Is it really the job of an entrepreneur to figure out what the customer wants before they know they want it? 

47:45 – The right thing to do is always keep learning. 

 

49:30 – Our technology right now gives entrepreneurs a lot of free tools to work with. 

Mentioned In This Episode:

Way of the Peaceful Warrior by Dan Millman

VentureAllianceMastermind.com

@GuyKawasaki 

 

GuyKawasaki.com

Direct download: CW_500.mp3
Category:general -- posted at: 9:45pm EDT

In the beginning of the episode, Jason announces that for his 500th Creating Wealth show he will have Guy Kawasaki on as a guest. Please look forward to that episode on Wednesday. On the podcast, Jason answers a couple of listener questions and talks about how Clayton Homes is using deceptive practices and fooling home owners. He also reminds his audience that the Memphis property tour is coming up and that his team has booked a dinner at Graceland where his property tour attendees may get a chance to see Elvis Presley himself! Please visit JasonHartman.com for more information on the property tour. 

 

Key Takeaways:

1:30 – Guy Kawasaki will be the 500th guest. Look forward to listening to it on Wednesday.  

6:00 – Jason plays and answers a listener question. 

16:30 – Jason answers another listener question about how he allocates his investment funds. 

23:50 – You can now have Jason as a silent partner in your real estate deals. 

34:00 – Some deceptive practices have been happening at Clayton Homes. 

40:20 – Remember the hamburger that was created in a lab a couple of years ago? Well, it costs $11 to make today. 

 

45:50 – Don't forget about the Memphis property tour. Go to JasonHartman.com for more info. 

Mentioned In This Episode:

 

http://www.seattletimes.com/business/real-estate/the-mobile-home-trap-how-a-warren-buffett-empire-preys-on-the-poor/

Direct download: CW_499.mp3
Category:general -- posted at: 10:00pm EDT

Harry Dent is Editor of the FREE newsletter “Survive and Prosper.” His most recent book entitled “The Great Depression Ahead” explains “The Perfect Storm” as peak oil prices collide with peaking generational spending trends by 2010. More importantly, he shows how the economy’s life cycle will affect life, business, and investment strategies throughout a person’s lifetime, including career opportunities and children’s educational costs.

Find out more about Harry Dent at www.harrydent.com.

Direct download: CW_498_FBF.mp3
Category:general -- posted at: 9:00am EDT

Jason Hartman on the intro portion of the show talks about the sharing economy, his new Venture Alliance mastermind group, and some interesting new material called graphehe. Jason also welcomes second time guest John Rubino to the show to talk about the money bubble and what that all means to our economy. John Rubino is the editor of DollarCollapse.com as well as the co-author of the Money Bubble: What To Do When It Pops. John has a lot to say about what's happening with the global economy and what to do when the money bubble pops on today's episode. 

 

Key Takeaways:

6:10 – Jason talks about the sharing economy. 

10:00 – Check out the  new material called graphene. 

15:30 – Venture Alliance is hosting an event on June 12 and 13. 

19:30 – Jason introduces John Rubino to the show. 

23:00 – People are terrified and are looking for safe heavens to invest their money. 

28:30 – Banks are pushing their interest rates below zero in order to keep their financial system afloat. 

36:50 – Even though we've had tech and housing bubbles in the past, the money bubble is the biggest bubble of them all. 

40:50 – John says people will lose faith in the dollar, but Jason disagrees. 

44:40 – What's happening with Switzerland's currency? 

51:40 – The numbers keep getting worse and the math stopped making sense in 2005. 

 

56:0 – Money manages and retirees really face some tough decisions right now. 

 

Mentioned In This Episode:

I Like Local

Car2Go

http://www.businessinsider.com/housing-recovery-about-renters-2015-3

DollarCollapse.com 

 

The Oil Card by Jim Norman

Direct download: CW_497.mp3
Category:general -- posted at: 9:55pm EDT

Jason Hartman sits down one on one with his audience to talk about a couple of important things in the real estate market. He talks about why creative real estate investing is not beneficial to his clients, he also talks about Merrill Lynch's annual report on retirees, California's drought problem and why it matters to the rest of the US, and much more on today's Creating Wealth show. 

 

Key Takeaways:

1:10 – Can you believe we're almost at our 500 episodes? 

5:00 – Jason shares his story about a creative real estate 'guru' and why creative real estate is not practical for his clients. 

5:05 – Big corporations must have a budget just to pay government fines. 

20:20 – Jason touches on the subject of the water problem in California. 

27:05 – Jason breaks down how much water it takes to grow a single vegetable, nut, and fruit. 

31:30 – Zillow came out with four interesting statistics about the United States real estate market. 

 

39:10 – Remember to sign up to Jason Hartman's Memphis tour at JasonHartman.com

 

Mentioned In This Episode:

The Water Secret by Howard Murad 

Diet for a New America by John Robbins 

Irrational Exuberance Part Two by Robert Shiller

Zillow

 

JasonHartman.com

Direct download: CW_496.mp3
Category:general -- posted at: 9:38pm EDT

Meredith Whitney is the founder of Meredith Whitney Advisory Group and author of, “FATE OF THE STATES: The New Geography of American Prosperity.”

 

Whitney believes “interior” states like North Dakota, Indiana and Texas are doing a lot better than “coastal” states like California, New York and Florida. She thinks the coastal states continue to struggle long after the recession, while the middle of the country will continue to thrive.

 

Keeping these in mind, she discusses the outlook for the following areas:

- Housing prices

- Jobs

- Quality of schools

- Transportation

 

She also shares her advice to help troubled municipal and state governments.

 

Visit the Meredith Whitney Advisory Group at www.meredithwhitneyllc.com.

Direct download: CW_495.mp3
Category:general -- posted at: 9:00am EDT

In the introduction portion of the Creating Wealth show, Jason Hartman answers two voicemail questions left by his listeners. He then introduces Richard Vague as his guest for today's show. Richard Vague is one of the few economists who are currently talking about the problems of massive private debt. He is the author of The Next Economic Disaster and talks to Jason about China's economic problem along with some interesting facts and correlations about the US economy. 

 

Key Takeaways: 

8:00 – Jason talks about the 6 ways the government can get out of its mess. 

11:20 – Jason answers a listener voicemail question. 

18:50 – A listener asks about 3D printing a house. Jason shares his thoughts. 

24:30 – Jason introduces Richard Vague to the show. 

29:15 – Richard talks about China's debt problem. 

35:10 – Private debt growth leads to higher interest rates. 

38:15 – Richard gets his stats by looking at all consumer and business debt. 

42:30 – A lot of economists don't include private debt in their model. 

49:00 – What should we do to avoid the next economic disaster? Richard explains. 

 

51:10 – Quick recap, what are the stages of an economic crisis? 

 

Mentioned In This Episode: 

The Next Economic Disaster by Richard Vague

 

http://debt-economics.org/

Direct download: CW_494.mp3
Category:general -- posted at: 3:09pm EDT

In today's introduction portion of the Creating Wealth show, Jason Hartman invites Sarah on to the show to talk about the Memphis market. Jason also announces a property tour for the Memphis area in May, so be sure to buy your early bird tickets now before the price raises at JasonHartman.com. Today's Creating Wealth principle guest is Andrew Zatlin. He is an economists and is famously know for his Moneyball Economics. He sits down with Jason to talk about Hookernomics, how you can learn where the market is going by simply talking to escorts, the unstable Japanese economy, how gold will drop in prices, and much more on today's episode. 

 

Key Takeaways:

1:50 – Huge interest in the Memphis market right now. 

6:05 – Jason talks about the Memphis property tour schedule and dates. 

14:10 – Jason introduces Andrew to the show. 

16:45 – Most policy makers out there have an old-fashioned way of approaching this very new economy that we're in. 

27:16 – Andrew explains why he decided to interview escorts and prostitutes about the state of the economy. 

42:00 – Andrew set out to find the true data points that really matter to our economy.

50:45 – China has created a super bubble for themselves and they are bond to crash. 

53:20 – Japan doesn't make thing any more and they're also in big trouble. Andrew explains further. 

57:30 – Jason and Andrew touch on the gold bug subject. 

 

62:40 – There's a free report on MoneyballEconomics.com that shows you how vices, hookernomics, can show you what's going on in the economy right now. 

 

Mentioned In This Episode:

http://www.moneyballeconomics.com/

 

http://blogs.wsj.com/moneybeat/2013/10/22/southbays-zatlin-goes-moneyball-on-economic-data/

Direct download: CW_493.mp3
Category:general -- posted at: 7:34pm EDT

In the beginning, Jason Hartman created the 10 Commandments of Successful Investing, and he saw that it was good. But then he lived and learned and realized there was a desperate need for 10 more. Listen in as Jason Hartman discusses The Next 10 Commandments of Successful Investing. This keynote speech was taped live at the opening of our 2013 Meet the Masters of Income Property Investing Event at the Hyatt Regency in Irvine, California. With all deference to the Big Guy upstairs, when it comes to income property investing, Jason Hartman realized that 10 commandments simply weren’t enough to cover such an important topic. Not when creating financial independence is at stake.

What’s in the new commandments? Another generous helping of the kind of nitty gritty (and free) income property investing educational detail you’ve come to expect from Jason. Commandments 11-20 include:

Thou Shalt Not Be a Sucker

Thou Shalt Have a Reality Check

Thou Shalt Embrace Fragmentation

Thou Shalt Make Rational Decisions

Thou Shalt Look at the Big Picture

. . . and five more critical NEW commandments

In case you haven’t committed the original 10 Commandments of Successful Investing to memory, here’s a quick refresher::

1. Thou shalt become educated: Knowledge is a powerful tool. Do your due diligence and become your own best advisor.

2. Thou shalt have a professional investment counselor: Only invest with investment professionals who stay with you for the long term. Advisors should buy for themselves what they sell, putting their money where their mouth is, and get paid for producing results rather than simply for advice.

3. Thou shalt maintain control: Never leave your financial future in the hands of incompetent, unethical, or greedy brokerage houses, fund managers or corporations. Always be a direct investor.

4. Thou shalt use prudent financial planning techniques: Always invest with your goals in mind (retirement, financial freedom, creating wealth) and abide by your risk tolerance and investing style.

5. Thou shalt not gamble: Be a prudent, long-term value investor, never a get-rich-quick gambler, speculator, or flipper. Invest only in properties that make good financial sense the day you buy them.

6. Thou shalt diversify: reduce risk and maximize returns by investing in several areas, as every market is different.

7. Thou shalt be Area Agnostic™: Only invest with an advisor who is not partial to any one area or investment to avoid a conflict of interest. Don’t fall in love with your home geographical area!

8. Thou shalt borrow to maximize leverage and accelerate wealth creation: Use as much borrowed money and as little of your own money as possible as long as the borrowed money can be repaid by the tenant. Let other people’s money work for you, reduce your risk, and make you wealthy.

9. Thou shalt only invest where there is universal need: No one needs stocks, bonds, or gold but everyone needs a place to live, and with growing affluence around the world, consumption of raw materials will continue to cause upward price pressure on improved real estate.

10. Thou shalt invest only in tax-favored assets: Non-cash write-offs and deductions are money in your pocket and income property offers the best of both.

Direct download: CW_492.mp3
Category:general -- posted at: 8:00am EDT

Jason invites Diane Kennedy on the show to talk about taxes and how to save you money. Diane is an experienced CPA and helps her clients all over the world with their taxes, accounting, and investing. The main subject of today's focus is why you should get real estate professional status, the benefits it provides, and what you need to do in order to qualify. 

 

Key Takeaways:

2:40 – The government takes a big cut whenever you sell stocks and precious metals, but that doesn't happen with income property. 

7:40 – Diane explains what the charitable remainder trust is. 

13:05 – There are three tests you need to qualify in order to get the real estate professional status. 

20:00 – What is the an aggregation election? Jason explains. 

29:50 – If you have a property manager, it's going to be hard for you to qualify. It is best in this case to self-manage your properties. 

34:15 – This stuff is complicated! Get advise from a good CPA and attorney before it's too late. 

36:00 – Why do you even want to get real estate professional status? Jason breaks it down. 

 

42:30 – The government wants you to own property. They are even incentivizing you for it. 

Mentioned In This Episode:

 

USTaxAid.com

Direct download: CW_491.mp3
Category:general -- posted at: 7:21pm EDT

 

On today's Creating Wealth introduction, Jason invites Memphis and Little Rock market specialist, Jeremy on to the call. Jeremy talks about his interest in physics and what's going on in these two real estate markets right now. Jason invites Peter Sage from Extreme Entrepreneur to be today's Creating Wealth guest. He is a serial entrepreneur who started his first business at 17. Fernando also joins as guest co-host with Jason and the two ask Peter a series of insightful questions. On the show, Peter shares insight as to why he had a drive to become an entrepreneur, how to find your passion, your why, and much, much more on today's episode. 

Key Takeaways:

2:30 – Jeremy talks about the double split experiment in physics. 

13:20 – What's currently going on in the Memphis and Little Rock market? 

18:30 – Jason introduces Peter Sage and Fernando on to the show. 

28:30 – Get in touch with what you're passionate about. Ask yourself questions about your life purpose. 

39:40 – Why is it that some people struggle to change and others don't? Peter explains. 

61:30 – How do we prevent ourselves from falling back into the same old routine? 

68:20 – Peter talks about his purpose and his why. 

73:20 – Peter talks about his space-based solar power energy project that he started. 

 

78:30 – Pharmaceutical companies are not interested in curing diseases, they only want to maintain them. This current medicine model has to change. 

Mentioned In This Episode:

Start with Why by Simon Sinek 

The Purpose Driven Life by Rick Warren. 

 

The Power of Now by Eckhart Tolle

Direct download: CW_490.mp3
Category:general -- posted at: 2:00pm EDT

Jason Hartman talks with acclaimed financial advisor Ric Edelman.  Barron’s has six times (2004–2009) ranked Ric Edelman among America’s 100 top financial advisors. In 2009, Ric was ranked the #1 independent financial advisor in the nation by Barron’s.

In 2004, Ric was inducted into the Financial Advisor Hall of Fame, ranked by Research Magazine for his focus on the individual client and ranked #42 on Registered Rep magazine’s list of “America’s Top 50 Advisors.” Inc. magazine three times named the firm the fastest-growing privately-held financial planning firm in the country. Ric received an honorary doctorate from Rowan University in 1999, and in 2007 was inducted into the Rowan University Public Relations Student Society of America Hall of Fame.

As a #1 New York Times best-selling author his five books on personal finance include Ordinary People, Extraordinary Wealth; The New Rules of Money; Discover the Wealth Within You; What You Need to Do Now; and the personal finance classic, The Truth About Money. His sixth book, The Lies About Money, was published in the fall of 2007 by Simon & Schuster and his latest book, Rescue Your Money, was published in the spring of 2008.  Ric’s books have been translated into several languages.

As a national radio show host on ABC Radio Networks, he can be heard on radio stations throughout the country. The live call-in advice program has been on the air for more than 15 years and earned Ric the A.I.R. Award for Best Talk Show Host in Washington D.C. (1993).  He also publishes a monthly newsletter, has built one of the most comprehensive and free online educational resources about personal finance at RicEdelman.com, and is the author of video and audio educational systems that help people achieve their financial goals.

Philanthropic Activities include Rowan University. They also funded the Edelman Nursing Career Development Center at Inova Health System Foundation. Ric served six years on the Board of the United Way of the National Capital Area and in 2007 completed his two-year term as Chairman of the Board. He also serves on the boards of The Boys & Girls Clubs of Greater Washington, D.C., and its foundation. Ric also is a full partner of the American Savings Education Council and the Jump$tart Coalition for Personal Financial Literacy. He is a former board member of Junior Achievement of the National Capital Area and served for three years on the Grants Committee of the Foundation for Financial Planning, where he remains a major donor. They also actively support HEROES Inc., Make-a-Wish Foundation, The Leukemia & Lymphoma Society, and many other charities.

 

As Chairman and CEO of Edelman Financial Services LLC. He is also President and Director of Sanders Morris Harris Group. Ric is an Investment Advisor Representative and offers advisory services through EFS an SEC-registered investment advisor. He is also a Registered Representative of and offers securities through Sanders Morris Harris Inc., an affiliated broker/dealer, member FINRA/SIPC.
Barron’s ranking “Top 100 Independent Financial Advisors” (Aug. 31, 2009) based on assets under management, revenues the advisors generate for their firms, and the quality of their practices.

Direct download: CW_489.mp3
Category:general -- posted at: 12:11pm EDT

In Jason Hartman's introduction portion of the show, he answers a listener question about the due on sale clause and transferring your property into a single member LLC.  Jason also welcomes guest John Michael Greer to the show. He is the author of several books with the most recent one being The Wealth of Nature. In the show today, Jason and John talk about the US economy and some of the key issues that it currently has in today's market. 

 

Key Takeaways:

1:40 – A listener question is played about quick claim deeds. 

6:50 – Would a judge even uphold a due on sale clause for single member LLCs? 

13:45 – Jason touches on rent to value ratios and talks about $415 rents around the country. 

19:50 – Jason introduces  his guest John. 

29:20 – John and Jason explain what externalities are. 

40:30 – We tax the wrong things, we shouldn't be taxing earned income. 

 

48:00 – People are smart and they will always find a way to game the system. 

 

Mentioned In This Episode: 

HotPads.com

VisualCapitalist.com

The Great Crash, 1929 by John Kenneth Galbraith

The Wealth of Nature by John Michael Greer 

 

http://thearchdruidreport.blogspot.com/

Direct download: CW_488.mp3
Category:general -- posted at: 9:14pm EDT

Jason Hartman invites his mother, Joyce, and Fernando on the show. The two guests have both appeared on the show before and have both experienced great successes in real estate investing. Joyce talks to the audience about some of the benefits of joining the Apartment Owners Association and and Fernando let's everybody know that there's a new product on the JasonHartman.com store called Financial Independence Day where he will do personal one-on-one consulting with you to help you achieve your dreams for financial freedom. 

 

Key Takeaways:

2:30 – Jason and Fernando are developing a software tool where property owners can use property managers in an a la carte fashion. 

8:00 – When it comes to income property, Joyce is an extreme do-it-yourselfer.

13:40 – An Apartment Owners Association membership costs $79 a year. 

20:20 – Joyce uses eviction attorneys that charge a flat rate to help her with problem tenants. 

28:00 – There are lot of benefits towards focusing on buying up a neighborhood. 

29:10 – Fernando talks about his new product that's currently on the JasonHartman.com website. 

 

32:10 – Today's supposed guest, John Michael Greet, will be on Wednesday's show. 

 

Mentioned In This Episode:

http://www.naahq.org/

 

JasonHartman.com.

Direct download: CW_487.mp3
Category:general -- posted at: 6:09pm EDT