Creating Wealth Real Estate Investing With Jason Hartman

Jason Hartman begins this episode on a somber note, talking with Phil in Myrtle Beach about the aftermath of Hurricane Florence. Phil discusses what the status of his neighborhood is, the good deeds being done in the area, and how he expects his tight knit community to protect each other in the aftermath. Then Jason moves to a happier subject, talking with client Diana Dine about her experience investing in real estate. Diana just recently bought her first home and is now up to 5 properties between Jackson and Memphis. She recently went to both cities to meet with the Local Market Specialists and discusses her future plans as she moves toward her financial independence. Key Takeaways: [3:14] The power situation in Phil's neighborhood [8:17] What can people do for the hurricane damaged communities right now? [11:34] The aftermath of the hurricane is generally worse than the actual hurricane Client Case Study with Diana [13:59] Why did Diana get interested in real estate? [18:00] Diana decided to buy her first

Today's bonus episode starts with a dive into what Jason has been saying for a while, and what the ultra-wealthy are taking advantage of. Leverage debt and keep a high loan balance. Listen in to find out why. Then Jason concludes his 10th show interview with James Arthur Ray. The two finish their discussion on what wealth truly is, and also look at what we've all done in our life that we need redemption from, why the onus is always on the business owner, and more. Key Takeaways: [3:46] The best insurance during natural disasters is a high loan balance, because you're the ones they will be helping out afterward. [6:57] The ultra-wealthy are leveraging debt and getting phenomenal interest rates [10:20] Bailouts during the Great Recession fueled populist anger because they helped companies, not the people [12:50] What an aide told Jason was the reason they bailed out the institutions James Ray Interview: [17:56] We all need redemption because most of us have sold out our meaningful life for money [22:25] You HAV

Jason Hartman starts off the show with a look at some important economic indicators. Some of the data is showing strength for another 2 years or so, but there are some signs of cooling. Existing home sales and housing starts are also important to look at when thinking about the future. Also, Jason is glad to see that behemoth companies like Facebook and Google are finally (potentially) going to be reined in. Then Jason has the first half of his interview with James Arthur Ray. The two spend most of this interview discussing what actually happened at the sweat lodge in Sedona when 3 people ended up dying. They also start their look into what wealth actually is. Key Takeaways: [4:55] The economy is booming now, but there are signs of cooling [7:34] Existing home sale numbers and the most long term indicator of the housing market [12:25] Jason's terrible at predicting interest rates, but he has one place you can go where they know what to expect [16:09] There is finally going to be some pressure put on Facebook

Today's Flash Back Friday comes from Episode 524, originally published in June 2015. 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.

Jason Hartman is joined by his "brother" Dan as the two discuss the value networking. Dan (who Jason considers to be one of the best networkers he's ever met) gives some tips on how to break through to your networking targets, and how crucial the network becomes when recessions start affecting you. Jason also goes over some new information he discussed in the previous episode, as he discovered how much money millennials are actually spending on rent and what that's led them to give up. Key Takeaways: [1:38] Is Jason the most experienced person in his field? Try and beat his roughly 10,000 deals [5:32] The value of networking [11:00] Always be conscious of the other person [14:58] Millennials are spending 45% of their income on rent [20:39] What has to give when the percentage of income is higher than before? [23:41] The financial crisis was 10 years ago last week, and terrible advice is still being given [26:16] In downturns, the people who get the bailouts and the most help are people with the high loan bala

Jason Hartman starts off this backward show with guest Scott, who's an attorney who will be speaking at the upcoming Profits in Paradise about asset protection. The two explore the benefits of a Series LLC and some best practices for asset protection. Then Jason goes solo and discusses where wage growth is happening in the US (and where it's not), and how trade wars and interest rates are connected right now. Key Takeaways: [3:25] What is a Series LLC and how can it benefit a real estate investor? [6:43] The best asset protection you can get defeats lawsuits before they even start [11:45] What kind of things will Scott be presenting in Hawaii? [17:57] The first part of asset protection is financial privacy [20:24] Real wage growth in Hispanic homes was more than 2x other households [25:22] Looking at rent paid like your tenant was your employee [28:18] The only linear market in the top wage increase list is Colombus, OH. [29:40] Trade wars are keeping interest rates lower Website: www.JasonHartman.com/Propert

Today's Flash Back Friday comes from Episode 705, originally published in July 2016. Live events offer investors an opportunity to meet other investors who are successful using the long-term buy and hold strategy, to hear about real life examples of the acquisition process and to learn the tips and tricks which can make an investor’s life easier. This episode is full of useful information which is framed around real client questions including what were Jason’s biggest mistakes.    Key Takeaways: [11:00] Why did Jason choose real estate for his career of choice? [13:19] Buy cash flow properties which make financial sense the day you buy them. [19:35] Should you keep your property managers on a short leash by adding discretionary measures to your contract? [26:56] What was the biggest mistake Jason made and how did it affect his life? [34:02] Live events are a loss leader for us but they are beneficial for clients. [36:18] Phoenix, Arizona is the site of the new event which includes a Q & A panel discussion

Today's episode features Jason Hartman himself explaining the dangers of identity theft and how it's changed over the years. We all know that sometimes our credit card numbers get stolen, but it's gotten much more sophisticated than that these days. Jason also explores the maladies that impact all economies and what the Fed is saying about our economy today. Key Takeaways: [4:24] Identity theft is much, much more than just financial theft [9:18] It's easier to engage in identity theft and financial fraud than committing physical crimes [16:37] What is money? [20:22] The 3 basic maladies that happen in an economy throughout history [24:10] The Fed tells us what to expect moving forward (hint: it's higher rates, slowly) [27:05] When wage growth will start worrying the Fed & where Jason thinks you can look to see what inflation is really doing [32:40] Will the Fed overdo it? Website: www.JasonHartman.com/Properties Profits in Paradise Jason Hartman's Alexa Flash Briefing The PropertyCast

Jason Hartman takes aim at some important news in today's episode. The episode begins with a look at the first real wage increase in years, and how that may impact interest rates moving forward. Then Jason discusses his idea of "Economic Berlin Walls", jobless claims, communism vs capitalism, "Personal Keynesianism", and jobless claims. Key Takeaways: [1:18] Wage increases are contributing to rising interest rates [3:39] The trade wars impact on interest rates [8:14] Looking back at the times in his life when he was financially strapped, Jason realized that consumer goods used to be WAY more expensive than today [12:17] Housing price increases are slowing [15:04] States are building "Economic Berlin Walls" to try and keep their residents for tax purposes [17:45] Jobless claims have hit a 49 year low [22:45] Karl Marx, indirectly responsible for the death of 150+ million people thanks to his communist ideas [28:19] Globalism may have hurt the American worker more than anything else [36:25] "Personal Keynesiani

Today's Flash Back Friday comes from Episode 812, originally published in April 2017. To start the show, two clients who bought properties at the Creating Wealth Seminar and Memphis Property Tour tell their stories of why they do business with Jason’s company. And, later a recording from the Venture Alliance Mastermind in Las Vegas with Jeff. Jeff details how he creates balance in his life and has a successful career. Key Takeaways: [1:27] Adam bought his 9th property during the Memphis Property Tour. [4:32] A client who likes doing business with Jason’s organization because they provide a one-stop shop. Las Vegas Venture Alliance Recording [10:24] Jeff breaks things down into quarterly and daily goals. [13:04] How Jeff strategically forms his 4 key goals. [18:22] Meditation is a key component of successful people’s lives. [22:23] The importance of teaching and growing every day. [26:13] Choosing to create a leader, not a doer. Mentioned in This Episode: Jason Hartman A Tale of Two Brothers Podcast Venture A

Jason Hartman spends today discussing the future climate of home supply and mortgage rates as we move into a world of higher rates and greater inflation. Jason sees a future that involves more Adjustable Rate Mortgages (ARMs), people unwilling to sell because they aren't willing to give up their low interest rate, and how the housing market could become even more stagnant. Then Adam talks with one of the lenders from the network to discuss where rates are today, if the Fed raising rates will impact investors, what things might impact rates in the next few months, and more. Key Takeaways: [2:56] Labor unions don't have the same cause/need today as they did when they were created and were desperately needed. Today we see technical tyrrany [4:58] The popularity of Adjustable Rate Mortgages is set to increase [8:25] An interest side effect to the way housing inventory and rate play out together [12:10] Investors with mortgage assets are about to be seriously aided by Inflation Induced Debt Destruction [14:58] Lon

Jason Hartman has a check in for this client case study with Drew. Drew recently took charge of 6 homes in the Indianapolis market to self-manage, and has a nice story of increased profit to accompany it. After adjusting rents to meet market prices and getting rid of management fees and the like, Drew has been able to increase his monthly cash flow by around $1,300. Drew explains to Jason how he's formed relationships with his tenants that have been incredibly helpful to his bottom line, the software he's using for management, and how much time it's actually taking him per month to manage his properties. Key Takeaways: [3:12] Where Drew has started self managing and why [7:15] Drew put money into his property but came out ahead financially [12:47] Always remember that your tenants are your customers [18:07] Drew has raised his income by over $1,300 a month since he started [23:37] How much is Buildium and why did Drew choose it? [26:13] How much time per property is Drew spending a month? How long does a rent

Today's Flash Back Friday comes from Episode 560, originally published in August 2015. 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.  Key Takeaways: Jason’s Editorial:   [4:56] Is this the beginning of the economic meltdown 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

Jason Hartman and Doug take today's episode as a chance to look at some key happenings in our world today. By now you've heard Jason discuss how there's a softening in prices at the top of the housing market that is likely to slowly trickle down into other price ranges, but Doug says there's another metric to look at that's also telling us a recession is headed our way. With stocks on a 10 year run, we know it can't stay this way forever. Jason and Doug look at whether the US investor's propensity to demand immediate gains by companies may be hurting us against our foreign competitors. They also look at the upcoming Profits in Paradise event and what's happening in the short-term rental market. Key Takeaways: [2:07] Doug says there's a better sign of an upcoming recession aside from an inverted yield curve [5:34] Trickle up poverty [8:46] The rich have resources in the hard times (helping them get richer), the poor get hurt by them [11:56] We're now on a 10 year run in the stock market, how much longer can we

Today's show features Jason Hartman discussing some of the main stories in the news today. The first story is one of the reasons Jason created Commandment #3 (Thou Shalt Maintain Control), the next is a potential sign of a market slowdown from none other than the scandal plagued Wells Fargo, then the potential return of risky loans. Finally we wrap it up with a story on how California might make it even more expensive to live there. Key Takeaways: [2:09] Forgetting Commandment #3 can often be an expensive lesson and the biggest Ponzi scheme in the world [6:52] Always think of opportunity cost when you have money sitting around [12:20] A potential sign of a market slowdown from Wells Fargo [16:49] The housing market is slowing from the top down and hasn't hit the type of homes that Jason's network sells [20:44] Are banks starting to push risky loans? [26:07] California is considering changes to Prop 13 and home requirements, which Jason believes would be devastating for real estate holders Website: Profits in

Today's Flash Back Friday comes from Episode 571, originally published in September 2015. 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

Today's episode features Jason Hartman covering a wide range of issues. The topic of conversation ranges from the coming singularity, what it is, when we might see it, etc, then branches into more on the discussion about Automated Valuation Models (AVMs) and whether they're are the precursor to reckless valuations like we saw before the Great Recession. Jason also looks at the unfortunate situation Venezuela finds them in, with both rampant inflation and a natural disaster on top of it creating serious issues for the citizens of the nation. And finally Jason listens to some of his favorite investigative journalists work as he discusses why investigative jouralism is important and how it is connected to his 3 guiding principles. Key Takeaways: [3:07] The approaching singularity [7:47] The database Jason was wondering about in relation to Automated Valuation Models exists with Fannie Mae/Freddie Mac [10:05] Appraisers are a dying industry because the older ones are retiring and the hoops new appraisers have to

Jason Hartman welcomes his mom back to the show to discuss self managing properties and how to find the best deals when you have to make repairs. The two also talk about what kinds of addendum she's adding to leases recently, rising rents, job numbers and more. Key Takeaways: [2:12] Small business confidence at 35 year high [5:38] Job numbers are not showing an impact from the trade wars [8:14] There's legitimate wage growth for the first time in 4 decades, which is great for all Americans (and our economy) [10:33] Jason's mom has been able to raise 4 of her tenants rent by $100 a month [13:03] Have tenants have changed over the years? [16:10] How his mom gets good deals and aligns the tenants interest with her own [20:12] "You get what you pay for" is not true for much (if anything) in life [24:14] The kinds of clauses Jason's mom is putting in her leases to protect herself from unruly tenants [29:24] How to build a great relationship with your tenants Website: www.JasonHartman.com/Properties www.Zumper.com

Today's Flash Back Friday comes from Episode 568, originally published in September 2015. 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 drivi

Today's episode is all Jason Hartman, as he goes through several of the big (real estate) news stories of the day. First there's a new development at the US Department of Housing & Urban Development that could increase housing availability and reduce home values (at least in the short term). Then listen in as Jason tells the current story of his commercial property refinance and all the bumps (and fees) that come with the arduous process. Finally we get to the Fed and interest rates. Jason takes a look at some of the Fed's moves from the past, how they have changed their original charter, and what's happening with interest rates because of that. Key Takeaways: [3:17] There's a homelessness crisis in many cities around the country [6:39] The Department of Housing and Urban Development is trying a new tact that may have a slight downward pressure on real estate values [11:18] HUD is changing the way it determines how communities are enforcing the fair housing act, including relaxing zoning restrictions [15: