Creating Wealth Real Estate Investing With Jason Hartman

Jason Hartman starts today's show off back in the car with Carmen discussing some news he's seen recently. Inflation continues to creep up, apparently into the range that makes Central Banks happy, but Jason wants to know why we even have to see inflation, and explains what impact that will have. He also discusses the changes in America (and the history of marketing) that turned us into a consumer spending economy and the squeeze on American manufacturers currently happening. Then Jason finishes his interview with Dr. Andy Krause, Principal Data Scientist at Greenfield Advisors and AVM Analytics, as the two wrap up their conversation about Automated Valuation Models (AVM). This time the two discuss the wide range of uses AVMs have, how they're going to be changing moving forward, and how short-term rentals are impacting housing markets across the country. Key Takeaways: [5:07] Inflation is rising into the range the Central Bank deems "healthy" [8:39] America is the land built on consumer spending [12:36] Amer

Jason Hartman starts today's episode with Venture Alliance Member Carmen as the two discuss the possibility of "vacation saturation", what the change in repayment of Jason's loans might mean for the housing industry, as well as labor shortages being experienced in the housing sector. Then we have part 1 of Jason's interview with Dr Andy Krause, Principal Data Scientist at Greenfield Advisors and AVM Analytics, about the state of automated valuation models (AVMs), the potential future for AVMs, how they work, and what practicalities are slowing their development down. Key Takeaways: [4:55] Reaching the point of vacation saturation [10:05] An insiders sign on the direction of the market [14:35] There is a massive labor shortage in construction and wages are going up Dr. Andy Krause Interview: [18:27] The biggest AVM people know about is Zillow [19:28] The science (and accuracy) behind current AVMs [22:22] 2 things that are stopping a database from happening that would significantly improve appraisals [26:52] Ho

Today's Flash Back Friday comes from Episode 490, originally published in March 2015. 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 yoursel

Jason Hartman starts today's episode from the Money Museum, on location at the Kansas City Fed with KC LMS Dave. The two discuss the Kansas City and the Quad Cities rental markets, what you can get for your money in each and what to expect area wise. Then Jason finishes his interview with family office expert Richard Wilson as the two discuss how much money it takes to make a family office, the importance of integrity in business and investing, and which niche domination can be a good strategy. Key Takeaways: [2:58] It only takes 24 minutes to print 10 million new $100 bills [7:00] What are the Quad Cities and what is the market like there? [11:23] The types of repairs being done on Dave's properties to make them turnkey [14:39] The cost of rehabs have gone way up over the past 7-10 years [16:37] Dave's advice for what type of property is the best for an out of area investor Richard Wilson Interview: [21:34] The net worth you need to make a family office worthwhile [25:20] Niche domination as a strategy [29:2

Jason Hartman takes some time today to discuss the yield curve and how it's telling us that a slow down might be on the horizon. He goes through the 3 different types of yield curves and the impact all 3 can have on the economy. Negative interest rates are also explained and Inflation Induced Debt Destruction rears its head again as well. Also, don't forget to subscribe to the PropertyCast and get all the new properties first year pro formas straight through your podcast platform! Then, in part 1 of the interview, Jason Hartman talks with Richard Wilson, a family office expert, about what we can learn about investing by looking at what centimillionaires are doing. Key Takeaways: [4:29] What's going on with the yield curve? [9:38] Some back of the napkin calculations on negative interest rates [14:28] The 3 different types of yield curves [18:14] Signs of a turn showing in Orange County [21:59] When the market cools the service providers will become a little more grateful and conscientous Richard Wilson, Part

Today's episode is about one short, simple, beautiful word: DEBT. Fresh off reading/listening to George Graeber's Debt: The First 5,000 Years, Jason delves into the subject matter head first, playing some clips from the book and discussing them in regards to today's world. Key Takeaways: [4:34] The recent history of the rotation of the worst big bank in America, Wells Fargo is currently in the lead and had a computer glitch make hundreds lose their homes [10:06] Why the housing market is actually different this time around [15:10] Some samples from Debt: The First 5,000 Years [25:45] It's incredible how throughout history, conquering nations make money by going in, making "improvements" and forcing the newly conquered people to pay for them, or by making them pay back the money the conquering nation spent defeating them [30:05] The 60s and 70s featured a time where America was prosperous and people were getting cost of living raises and , followed by decades of stagnant wages until Donald Trump Website: Debt:

Today's Flash Back Friday comes from Episode 598, originally published in November 2015. Self-management tools often boast ease of use and shortcuts to save you time but don’t always deliver. Cozy and Landlordology are property management tools which offer end to end online self-management solutions. Both tenants and property managers benefit from the monthly automatic rent collection feature as well as the integrated application process. If you think doing a background check along with a credit report will help qualify renters qualifications then sign up for Cozy today. Key Takeaways: Jason's Editorial: [1:20] What time is it? It's an amazing time to be alive [2:44] Income investment strength versus deflation [5:00] Deferring your tax liability [7:02] Inflation induced debt destruction [9:03] Debt transfers wealth from the lenders to the borrowers in an inflationary environment [10:33] What gets rewarded, gets repeated [10:57] Deflation makes debt more burdensome [13:40] Use the voicemail feature at Jasonhar

Jason Hartman starts off today's episode with a tale of his current lawsuit and the experience it's given him with the legal system. The way our current system is set up nobody wins, and there doesn't seem to be a lot of accountability going on either. Jason also plays some Voxer messages from client Drew Baker about his recent experiences doing self management. After that Jason finishes up his interview with podcast producer Adam Schroeder. This time the two discuss finding repair people, what to expect from property management software, whether to allow grace periods and what kind of late fees to charge. Key Takeaways: [1:57] Nobody wins in our current legal system [6:04] Get the latest properties available from Jason through the PropertyCast [7:38] Drew's experience self managing Adam Schroeder Interview: [13:32] You should have a clause in the lease stating which repairs the tenant is responsible for [17:58] What to expect from property management software [22:01] The importance of an increasing late fee

Returning guest Adam Schroeder joins Jason Hartman for this episode, as the two discuss the steps for transitioning from professional management of rental properties to self management. Adam and his wife have 3 (going on 4) properties and are thinking that the time is soon coming to venture out on their own. But before doing that there are some important things to do like what information to get from your property manager, what kind of initial contact to have with the current tenant, finding forms and contracts when you're finding/reupping tenants, pet rent, and more. Key Takeaways: [3:36] Why Jason loves a good recession [8:29] Jason's been involved in around 10,000 real estate transactions [13:08] Sometimes removing a property manager actually makes things easier [16:27] The information you need to get from your current property manager if you're going to make a switch [21:26] A way to change your relationship with your property manager rather than completely ending it [24:09] Bad property manager reviews o

Jason Hartman starts today's episode from Germany, on his way back to the land of capitalism, and he couldn't be happier. After nearly a month in Europe seeing the effects of socialism, Jason's ready to get back to the land where people are more motivated and innovation is more apparent. When governments get involved in picking the winners and losers, nothing good comes out of it, and Jason wants to see America avoid the fate of Europe. Then Jason finishes his interview with Dr. Nima Sanandaji, originally begun in episode 1028. The two wrap up the interview discussing where the ideas for Adam Smith's "Invisible Hand" really came from, how the Nordic society actually ended up being socialist (and why it doesn't work in the places it's being tried now), and the dangers of government growth. Key Takeaways: [2:48] Things in Europe are smaller and not as good of quality. We shouldn't become more like Europe, Europe should become more like the USA [5:54] The government needs to get out of the business of picking wi

Today's Flash Back Friday comes from Episode 653, originally published in March 2016. Jason’s mom will be attending the upcoming Venture Alliance Mastermind trip to Jekyll Island. She decided to prepare herself by reading the updated version of The Creature from Jekyll Island again. She and Jason review sections of the book and discuss the insanity which is the Federal Reserve and how the entity came to be. You are invited to join Jason and his mother on the Jekyll Island trip as a Venture Alliance member or as a guest. If you attend you will experience a piece of American financial history and possibly have your coffee disturbed by a famous hotel ghost. Key Takeaways: [3:47] Jason’s mother’s assessment of the book “The Creature From Jekyll Island” and the history of the Federal Reserve.  [12:27] The ghosts of the Jekyll Island hotel do more than drink the guests coffee, they pick pockets too. [18:28] Past podcasts guests, Chris Martenson and Bill Bonner agree, the Federal Reserve system is convoluted. [22:38

Jason Hartman talks with Patrick Parry, Orange County realtor & former investment counselor, about what signs Pat is seeing in the Orange County market that give him pause when it comes to the housing market. Days on market have escalated (some rather significantly) in every price bracket, and inventory continues to increase. The two also discuss commercial real estate, and how it's a totally different game (with significantly less room for error) than residential real estate. Key Takeaways: [5:17] Signs the housing market is cooling? [7:29] Time on market has doubled as inventory increases [13:42] The difference in the landlord/tenant relationship of residential vs commercial real estate [18:58] Jason has been flat out lied to by commercial landlords [21:14] You do not have protections in the commercial real estate world, you better have good lawyers and great research [23:25] Commercial investors have a very high tolerance for loss due to vacancy [29:07] The increase in home days on market based on sale

In today's intro Jason Hartman looks at a few signs in the real estate market that aren't so rosey, as well as adjusting the Brady Bunch house for inflation and seeing how real estate holds up against it (and why linear markets are the better bet for steady appreciation). Then, in today's 10th episode, Jason talks with Dr. Robert Whaples, Professor and Chair in the Department of Economics, Wake Forest University and co-editor and managing editor of The Independent Review. The two discuss the current Pope's world view and the nature of the Catholic church today. Key Takeaways: [2:21] Are there signs of upcoming trouble? There's definitely been a slow down in the higher end markets [6:11] The Brady Bunch house is for sale, what's it selling for (and compared to what)? [10:14] Linear markets give you more consistent appreciation than cyclical markets Dr Robert Whaples Interview: [14:17] What is Pope Francis' world view? [18:42] How the economy is connected to the environment in the Pope's world view [24:21] Do w

Today's Flash Back Friday comes from Episode 665, originally published in April 2016. Just last year Greg Saylor was a corporate software engineer looking for a reliable investment strategy. He found the Creating Wealth podcast and listened during his long commute. He decided to pick up the phone and call one of Jason’s investment specialists. It’s now six months later and Greg has six income properties earning him $4000.00 in monthly income. His due diligence partnered with the extensive data resources available on JasonHartman.com have allowed him to get a step closer to financial freedom.  Key Takeaways: Jason’s Editorial: [4:01] What is your motivator? Do you expend more energy to conserve than to gain? [12:39] Hartman Education is having a big 2-week sale!  Greg Saylor Guest Interview: [18:57] Was it the Creating Wealth podcast that got Greg interested in real estate investing? [26:29] The acquiring of the properties had the most components, everything else is pretty straightforward.  [27:49] Greg shares

Jason Hartman starts today's episode from Naples, discussing how, despite what you may think, the demise of America is greatly overstated when you start asking the question "Compared to what?". He also brings a morsel of hope to real estate investors, as housing inventory is showing signs of increasing and home owner equity is at an all time high (but fewer owners than ever are stripping that equity). Then, in part 1 of the interview, Jason talks with Dr Nima Sanandaji, author of the new book The Birthplace of Capitalism - The Middle East, about how capitalism originally began in what is now Iran and Syria, and how the golden age of the Middle East was during the times of capitalism. Key Takeaways: [1:46] Think the US is in decline? Well, compared to what? Because Europe isn't doing that great either [7:41] Keep everything in perspective when you think your problems are huge [13:00] Inventory could increase a bit in the near future [16:03] Home owners have an estimated $5.8 trillion in accessible home equity,

Jason Hartman is joined by Venture Alliance member Carmen today in Naples, as the two discuss the importance of music on society (and why it might be more important than monetary control), why complaining is actually important, and some good book recommendations for those interested in learning more about the economy and real estate. Jason also explores the current single family rental demand and what the demographics are looking like for the next 10 years. Key Takeaways: [2:50] North Korea is sitting on $6 trillion of mineral assets [8:07] Give Jason control of the music and he cares not who controls the money or makes the laws [11:46] You have to be a complainer when people wrong you [15:31] Some good books Jason recommends [20:44] No place on Earth or time in history has big, intrusive, high tax, government burden made life better for citizens [25:02] Single family demand: 57% of renters are renting single family houses Website: www.JasonHartman.com/Properties Profits in Paradise

Today's Flash Back Friday comes from Episode 785, originally published in January 2017. During today’s episode, Jason shares his appreciation for the ability to self-manage rental properties and the dis-intermediation of single family home sales. The Chief Product Officer for Key Please, Adam Lorentzen joins Jason to describe the sought after service of landlord free, self-showings of rental properties. The Key Please business model focuses on automating the self-management process for owners as well as making the process as easy as possible for renters.   Key Takeaways: [1:34] Self-managing a property from a distance is possible [4:16] Wall Street Journal article “Blackstone Wins Fannie’s Backing for Rental Home Debt” [7:20] President Trump has a lot of energy and will be good for the American economy [11:21] We will soon see the easing of landlord problems Adam Lorentzen Guest Interview [16:05] Key Please helps owners automatically self-manage their properties with 3 tools [21:33] Adam is surprised by the n

Jason Hartman starts off the show from Croatia discussing the difference in investing when there are private companies involved versus when the government is involved. With private companies you know what you're going to get, they're going to follow supply & demand and try to maximize profits. With governments, however, they're much more of a wild card, which can make successfully investing more difficult. Then Jason talks with Bill Janeway, an active venture capitalist, director of Magnet Systems and O'Reilly Media, Chairman of the Board of Trustees of Cambridge in America, and author of the recently revised and updated book Doing Capitalism in the Innovation Economy. The two discuss the 3 player game and the government's role on both the supply and demand side of the market, the digital revolution and the coming green revolution. Key Takeaways: [2:53] You can predict what private companies will do pretty easily, the government is a wild card [6:39] An invitation to Profits in Paradise in Hawaii Bill Jan

Jason Hartman does episode 1024 from the bow of a yacht outside of Croatia with Venture Alliance member Carmen. The two discuss inflation's impact on everything from our savings to our real estate, how to deal with trolls in business (and the lawsuits that inevitably follow), and the need for a side hustle. In the second half of the show Carmen and Jason discuss her Amazon business, which includes how Carmen sources product, the trials of selling on Amazon, and how your business should evolve over time to stay relevant. Key Takeaways: [6:13] Inflation destroys the value of our savings, but thankfully it also destroys our (real estate) debt too [9:41] Technology is making office and retail real estate almost irrelevant [12:44] Why Jason let someone not pay him on a note for 11 years [16:10] Are patents even worth it these days with the speed of the world? [20:58] Life is messy, it's how you handle it that's important. Stay away from the get rich quick stuff. [25:15] Get a side hustle if for no other reason tha

Today's Flash Back Friday comes from Episode 783, originally published in January 2017. Jason’s guest, Patrick Donohoe is the CEO of Paradigm Life. Paradigm Life is an insurance-based financial services company. Patrick shares his thoughts on the recent political changes and how the U.S. economy will be affected, he shares his thoughts on the new administration with a high-level worldview and he recalls his recent experience at the Meet the Masters of Income Property event in California. Key Takeaways: [3:05] The caliber of people at the Meet the Masters of Income Property event was a high point [5:52] Foxconn will bring manufacturing back to the U.S. due to Trump’s business savvy [12:28] Patrick doesn’t believe charity to foreign nations is in the best interest of the U.S. [16:23] It will be fascinating to see how Trump deals with the past, present and future [20:49] Trump will inject adrenaline into the U.S. economy [23:50] Paradigm Life is an insurance-based financial services company [28:18] A stock marke