Creating Wealth Real Estate Investing With Jason Hartman

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. 

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

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

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 philos

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

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

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

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] D

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] T

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: StrengthsCash FlowFragmented Markets & Providers“Push” AppreciationReal AppreciationPhysical, Real AssetWeaknessesRepairsVacancyManagementNatural DisastersMarket ConditionsOpportunitiesInflation-Induced Debt Destruction(TM)Regression to Replacement Cost(TM)Rent IncreasesAcquisition Price Below Replacement CostGen YLow FICO Scores = More RentersFannie MaeThreatsRent CollapsePrice DeflationPopulation Out-MigrationNew Inventory Suppressing Rents Join Jason and his team for their very first LIVE east coast event!  At

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

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 responsibili

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 Wil

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] A

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 n

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 i

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 proper

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] Ov

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

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  [1