Accredited Income Property Investment Specialist (AIPIS)

In the final part of Jason's interview with Andrew Zatlin, the two take a look at whether the future of our economy is inflationary or deflationary. The two also look at the impact of technology on inflation, how it impacts the rental markets, and where the volatility in our economy will be in 2018. Disclosure: this interview was recorded prior to the GOP Tax Reform being written and passed Key Takeaways: [1:32] The proof in the inflation pudding is shipping costs [6:47] The economy is strong in the background [8:31] Warehousing had a huge impact on the start of the internet [11:10] When you reach the point where payroll and population growth are the same you don't get wage inflation [15:35] When housing affordability is low and prices soften, the rental market strengthens [19:30] Where 2018 volatility will come from Website: www.MoneyballEconomics.com www.TheMoneyballTrader.com

In the first part of Jason Hartman's interview with Moneyball economist Andrew Zatlin, the two of them take a deep look at what's going on in the housing market through the lens that Andrew uses. He looks at hiring patterns of home builders, and has seen a distinct problem in their search for labor. So many industries are hunting for labor that it's creating a bottleneck. The two also look at short-term rentals, hotel vacancies, the Fed's monetary policy, and what's creating the demand for housing. Key Takeaways: [1:35] Andrew likes to check in with companies about what they're doing in regards to hiring [4:05] Home builders can't hire enough people right now. The bottleneck is labor because there's a LOT of competition for it [7:02] One question we need to ask is: what's creating all this demand for housing? [11:06] The environment today makes it more attractive to buy rather than rent [16:57] Do short-term rental providers need to worry about oversupply? [19:15] Hotel vacancy rates tipped into the negatives this past year because of short-term rentals exploding in popularity [21:55] Demand will create supply, but sometimes supply can create demand [25:47] The Fed is on a trajectory of tightening Website: www.JasonHartman.com/Masters www.MoneyballEconomics.com

Jason Hartman is proud to announce the latest addition to the 2018 Meet the Masters of Income Property event, Ken McElroy. Ken is a Rich Dad Advisor and entrepreneur who is an expert in investment analysis, property management, and property development. He's responsible for over $700 million investment dollars in real estate. Ken is the author of the best-selling books The ABC's of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABC's of Property Management, and most recently his book on entrepreneurship: The Sleeping Giant. Website: www.JasonHartman.com/Masters www.KenMcElroy.com

2018's Meet the Masters event was already packed with great speakers like Jason Hartman, Garrett Sutton, Brian Smith, Danielle DiMartino-Booth, John Burns, and more. Today, Jason Hartman is proud to announce that former Congressman (and America's foremost advocate for libery) Ron Paul will be joining the fold to headline the event. Ron Paul was most recently a Republican candidate for President in 2008 and 2012, and served in the US House of Representatives for Texas for more than 25 years in all. He is a critic of policies like the USA Patriot Act and has criticized the federal governments fiscal policies a multitude of times. He's also outspoken against Federal Reserve, and the US tax code. Website: www.JasonHartman.com/Masters www.CampaignForLiberty.org

Jason Hartman talks with Ryan Schellhous, founder at IndigoSpire CPAs & Advisors, about the new tax plan. The two start off with a 30,000 foot overview of the plan, then drill down into specific components of the plan as they figure out who is going to be helped and who may not see as much of a benefit under the plan. Ryan explains the biggest revenue raisers and "losers" under the new bill, and some of the most important pieces that will impact individual filers. Key Takeaways: [3:36] The 30,000 foot overview of the GOP Tax Reform [5:31] Will this tax reform create a repatriation of wealth back to the US? [9:22] The move that mobilized the GOP forces toward tax reform [11:19] The 2nd most important thing in the tax plan was the widening of tax brackets and lowering of rates for individuals [13:29] The standard deducation has been increased, which should increase the number of simple 1040s being filed [16:30] The single largest revenue raiser in the entire bill [18:42] The change in mortgage interest deductions could cause a dampening in the high end real estate market [21:12] The Alternative Minimum Tax isn't gone, but it's gone through an overhaul [23:03] Pass-through businesses are getting a 20% deduction [30:02] The accelerated bonus depreciation is enormous for real estate investors [33:34] Changes to the 1031 Exchange rule [37:37] The carried interest rules have changed as well, impacting the hedge fund managers trading techniques [39:26] 529 plans (education plans for children) can now be used to pay for private schools [40:00] Some tax changes that were EXPECTED but didn't end up happening Website: www.JasonHartman.com/Masters www.JasonHartman.com/Contest www.IndigoSpire.com

Jason Hartman interviews Rich Dad Advisor Ken McElroy, who will be speaking at this year's Meet the Masters of Income Property in La Jolla. Ken tells Jason some of the most common mistakes he sees real estate investors make, why you can't just buy real estate any time you like, and some tips on how to do property management the right way. They also discuss why the American idea of home ownership may be a massive myth, and two critical pieces to your investment success. Key Takeaways: [4:44] The two common mistakes Ken sees in real estate investors [6:47] Real estate is cyclical, so you can't just buy all the time throughout your career [9:09] Ken's real estate business model [10:48] Some tips on how to do property management right [13:29] C class properties look good on paper, but in the long run, better quality properties bring better quality tenants [20:16] It's important to treat all your residents as your customers [21:42] Is the idea of home ownership a myth? [23:55] Population growth and migration are two things critical to investment success [27:14] The state of the states Website: www.JasonHartman.com/Masters www.MCCompanies.com

We've all heard about crowdfunding sites like GoFundMe, KickStarter, and IndieGoGo. Now, however, there's crowdfunding for real estate deals, and AlphaFlow is one of the leaders in the industry. Jason Hartman talks with Ray Sturm, co-founder and CEO of AlphaFlow, about how it all works, what kinds of deals AlphaFlow is interested in, and why some deals just don't work. Key Takeaways: [2:44] What AlphaFlow is and how it works [4:43] The regulations AlphaFlow has to follow [7:28] In real estate crowdfunding you have to commit early [11:32] Why AlphaFlow sticks with residential real estate [14:43] The interest rates that borrowers are paying and how the loan breakdown works [17:18] AlphaFlow stays away from refinancing deals Websites: www.AlphaFlow.com

Vinney Chopra came into the United States with $7 in his pockets, and a work ethic to take him far in life. From selling encyclopedias door to door for 80 hours a week to now buying $25+ million apartment complexes, Vinney hasn't let anything stand in his way. Listen in as Vinney tells Jason Hartman the story of his immigration, and how his investment career has unfolded. Key Takeaways: [1:40] Vinney's immigration story [4:31] Vinney first started earning his money by selling encyclopedias door to door [8:18] The first home Vinney bought, and when he got into the rental property business [11:53] Transitioning from single family homes to multifamily [15:03] There are things you can do with multifamily investments that don't make sense for single family [19:22] Portability has become the new norm for residents of apartments and single family homes Website: www.MultiFamilySyndicationAcademy.com www.VinneyChopra.com

Jason welcomes client, Clay Slocum to the show. Clay is a millennial who currently has four properties in his real estate portfolio. Before buying his first property, Clay worked diligently with Oscar, his Investment Counselor, and a Local Market Specialist to play around with the numbers and he discovered his initial investment could grow exponentially. Clay shares his insights on the power of compounding interest, asset protection, and the Memphis market. Key Takeaways: [2:33] Compound interest can be a powerful tool against inflation. [8:15] Engineers take an analytical approach to investing. [10:25] After 18 years, $100,000 grow to 14 million. [17:46] Jason explains a Deferred Sales Trust. [21:42] If you are on the fence about investing talk with an investment counselor. [32:36] Asset Protection is a complicated subject you should speak with a lawyer about. [42:01] Resources for tax help. Website: www.JasonHartman.com/Properties Meet the Masters of Income Property 2018 www.RealEstateTools.com Compound Interest Calculator "Opportunity cost is a cost most people don't evaluate." "When it comes to asset protection most people think about the internal threat, not the external threat which can be costlier."

For this 10th Episode, Jason Hartman talks with author Dan Millman about his new book The Hidden School and his best-seller The Peaceful Warrior. The two discuss Dan's spiritual search, the difference in Eastern and Western cultures, the difference between selfish and Selfish, and other philosophical questions. Key Takeaways: [2:42] How Dan's new book fits in with his original book The Peaceful Warrior [6:46] The importance of travel [11:35] The power of media [15:50] It's important to think of the more existential questions in life [21:18] How understanding and understanding that we're all connected helps us Website: www.PeacefulWarrior.com

Tyler Sheff, host of the Cash Flow Guys podcast, invited Jason Hartman on his show to discuss the different market types in the USA, and got some tips on remote managing as well. Jason explains that the stigma behind buying homes sight unseen, as well as self managing properties a thousand miles away, has abated some due to the wonders of technology. Key Takeaways: [2:12] What Jason learned when he owned properties in 11 states [7:08] Whether Tampa is a linear, hybrid, or cyclical market [11:34] Our brains relation to the number 3 and how it relates to Jason's diversification strategy [16:13] Jason's experience of beginning to self manage his remote properties [18:46] When tenants are connected directly rather than through a property manager they tend to take care of more things themselves [23:48] The need for standardized data when evaluating properties Website: Meet the Masters 2018 www.RealEstateTools.com www.CashFlowGuys.com

Jason Hartman welcomes Economist Mike Norman to the show to discuss Modern Monetary Theory or MMT. Mike shares examples of common misconceptions people have of the US monetary system and economy, such as the US debt clock, that inflation equals growth, and how the tax system works. He believes that the US has an unlimited supply of capital and balancing the budget or functioning as a fixed monetary system would accomplish the opposite of what is needed to create growth. Key Takeaways: [1:10] Modern Monetary Theory (MMT) explains the value of money. [4:09] A tax system is required to create demand for money. [9:01] A fixed monetary system creates cycles of economic depressions and recessions. [11:23] The US national debt is a summation of what is owned by the US and its constituents. [18:55] A dollar must be created and pumped into the economy before it can be used to pay a tax debt. [21:16] The US has an unlimited amount of new capital. [26:43] There is a difference between inflation and growth. Website: Mike Norman on YouTube

Investment Counselor and Local Market Specialist Liaison, Carrie joins Jason Hartman to see if he can correctly predict the effect the rise in interest rates will have on the US economy. Jason reminds us the Feds don't directly impact mortgage rates but by directly impacting short-term rates all rates will be affected. For those of you who have income properties, the higher interest rates will put upward pressure on rents. And if you are looking for additional properties, be sure to get pre-approved for financing before the Oklahoma Property Tour and JHU Live event. Key Takeaways: [03:56] What does the spike in interest rates mean for investors? [10:10] Higher interest rates will put upward pressure on rents and lessen the concentration of wealth. [14:20] Local Market Specialists and Investment Counselors are always working in the client's best interest. [23:44] It's important to get pre-approved for financing in today's seller's market. [25:13] Jason hints about the location for the next Venture Alliance Mastermind. Website: www.JasonHartman.com/Properties Grant's Interest Rate Observer www.VentureAllianceMastermind.com "The Fed has weapons it can use to fix the economy and interest rates are one of those weapons."

Clients in the sports and entertainment world have the same issues as those in the regular world, but they also have a few extra needs and difficulties. Because of this, you have to go about acquiring their business a little different than normal. Kofi Nartey, National Director of the Compass Sports & Entertainment Division and author of Sellebrity: How to Build a Successful Sports & Entertainment Based Business, talks with Jason Hartman about ways you can break into the industry. Kofi has some marketing tips that can keep you from spending a ton of money to meet celebrities, as well as some good advice on how to act when you get your meeting. Key Takeaways: [2:36] What's different about sports and celebrity clientele needs? [6:45] How do you convey your ideas to celebrities before you start working with them to convince them you understand their needs? [10:42] Some ways to test the marketing waters of working with the elite without bankrupting yourself [12:46] How to stand out when you get a chance to meet with potential celebrity clients Website: www.Kofi.LA Sellebrity: How to Build a Successful Sports & Entertainment Based Business "You cannot be awestruck. Part of servicing sports & entertainment clientele is that you have to be a safe haven for them"

Jason Hartman welcomes Gary back to the show to review current news articles which impact income property investors. Does an excess of tower cranes in an area tell a tale of a future bubble? Can you afford the rent in a large US city and still have a savings account? How does the sharing economy can make life better for consumers? And later in the show, Jason and Gary answer listener questions and Gary describes how to use a life insurance policy to make a down payment on your next income property. Key Takeaways: [01:01] Jason and Gary review an article about how a tower crane can indicate a real estate bubble. [08:23] The Income Needed to Pay Rent in the Largest U.S. Cities by Derek Miller. [10:35] Bloomberg's article, What a London Cabbie Taught Me About Uber. [12:30] The New Human Rights Movement by Peter Joseph doesn't look at the whole picture. [17:07] Jason and Gary answer Derek's question about appreciation submitted during the Airpods raffle. [26:25] Gary explains how to borrow money from your own insurance policy to buy income properties or make necessary repairs. Website: www.JasonHartman.com/Properties www.PropertyTracker.com www.BeYourBank.com Venture Alliance Mastermind

This week's episode was recorded in Helsinki, Finland. Jason studies the economies of all the countries he visits and believes traveling to be an important educational experience. He shares an article which supports his long-held opinion that the rental market in the US is growing by way of demographics and rising home prices. Key Takeaways: [03:29] Jason encourages us to become an engaged student of life. [07:13] The power of having a robust vocabulary. [13:16] How to sign up for the Property Tracker Affiliate Program. [15:59] Win an Amazon Echo for submitting your questions and comments. [18:27] Jason reviews an article about the cost of rising home prices and what it means to rents. [22:29] Jason has taken on the plight of the middle class. Website: www.JasonHartman.com/Resources 2018 Meet the Masters Event www.VentureAllianceMastermind.com

The month of October brings the 2017 tax season to a close. Jason brings Fernando and Zack on the show to showcase the organizational tools and portfolio management options available through the newly upgraded Property Tracker 2.0. The Property Tracker software makes creating Schedule E's, depreciation schedules and other tax forms easy as well as a robust calendar which keeps track of all of your income properties important dates. Key Takeaways: [1:14] Fundamentals for organizing and tracking investment properties. [8:30] Property Tracker produces tax schedules including Schedule E and an up-to-date Schedule of Depreciation. [12:28] Property Tracker 2.0 has updated proformas with RV ratio evaluations. [14:54] Clarifying the statement "Every day you have a property you own and don't sell, you are buying it back from yourself." [19:35] Organizational tips for using Property Tracker. [23:58] Scanning with Optical Character Recognition (OCR) makes you more efficient. [31:08] Details about the new Amazon Echo contest, the Meet the Master's event and the upcoming Venture Alliance Mastermind. [34:50] Free one-hour Property Tracker onboarding session with Zack for Jason Hartman clients. Website: www.PropertyTracker.com

Our movements and habits are being tracks more and more with each passing year, and even sometimes days. All of that data can come in quite handy when you're looking to buy commercial real estate. Where are your customers coming from? Where are they going? How long do they spend in your location? This knowledge can be crucial when you're considering purchasing a property. Donna Salvatore is CEO and Founder of Megalytics, a company designed to take big data and decipher it for real estate investors, both big and small. Donna has worked with SaaS and IT companies for the past 22 years, and previously provided venture equity and debt financing for a decade. Key Takeaways: [2:28] Some areas of big data that commercial real estate investors that Megalytics can track [6:14] Has the retail apocalypse peaked yet? [10:18] What is the social media score and property management score that Megalytics provides? [15:29] The explosion in available data and what it looks like going forward [19:11] Big data isn't just for big commercial real estate investors, landlords of single family homes can use it as well Website: www.Megalytics.net

Jason welcomes Patrick Donohoe of The Wealth Standard Podcast to discuss the dirty details of pensions, insurance policies and Ponzi schemes. Jason describes the difficulties and common mistakes average retail investors make when investing in financial services. And, Pat gives a comprehensive overview of how to make the most of your existing policies in order to invest your money in the most historically-proven asset class, income property. Key Takeaways: [1:15] Is the US a giant Ponzi scheme? [4:21] Understanding the difference between pension benefit plans and contribution plans is essential. [14:05] The financial service industry preys on retail investors. [19:39] Harry Markopolos is waiting to capitalize on a market correction. [25:59] Analyzing the patterns and mistakes of the middle-class investor. [34:17] The Wealth Standard Podcast focuses on helping individuals understand the comprehensive nature of the economy. [36:39] Pat explains how policyholders can reduce their risk and get investment money for cash-flow properties. Website: Be Your Bank The Wealth Standard Podcast The Wizard of Lies Venture Alliance Mastermind

In the early 1980s Seth Merrin was an intern on Wall Street who saw ways the industry could change for the better. His first startup was an order management software that asset managers around the world use. He later created the company Liquidnet Holdings that allows institutional investors to trade large blocks of stock. Jason Hartman caught up with Seth to talk about his newest book, The Power of Positive Destruction, and how business owners can take ideas from other industries and disrupt theirs. Key Takeaways: [1:01] The premise for the Power of Positive Destruction [3:05] Taking things from one successful industry, and applying them to your different industry, can provide huge boons [5:50] The positive destruction created by companies like Uber, Lyft, AirBnB, etc [9:14] The art and science of launching a company [12:39] How Seth applied the principles from his book on his own companies [16:20] Whether Wall Street is swinging back toward being an institutional game, and how Seth's platform plays in that [21:18] The idea of corporate responsibility, and how the proceeds from the book sales are going to help house the orphans of the genocide in Rwanda Website: www.PositiveDestructionBook.com www.LiquidNet.com

Elisabeth and Jason finally get back together to talk about what's going on in the world of real estate and inflation right now. They discuss some linear, hybrid, and cyclical markets, as well as the influence of foreign investors in the US real estate landscape. Key Takeaways: [1:01] What Jason learned on his 7 week vacation/trip to Europe [5:03] The patterns of countries like Japan and the importance of demographics [9:28] Whether "this time it's different" is at all applicable in this cycle, or if it's just wishful thinking before a bubble bursts [13:36] Donald Trump is loosening the flood gates of money, and how it will effect real estate investing [19:16] The impact that foreign investment has on US markets [26:01] A lot of the invisible inflation can be seen is by the rise of self-service [31:14] We've got to stop viewing minimum wage jobs as careers Website: www.JasonHartman.com/Events www.WomenInvestingNetwork.com

Julia Spencer used to invest in long-term rental homes, but decided to switch over to short-term rentals a few years ago. She shares with Jason what she has learned over the years while self-managing the properties she owns, and gives some tips on how to avoid pitfalls that she experienced. The fears of an all consuming time commitment, never being able to go on a vacation, and having your home destroyed by guests are explored, and we find out the true income potential of short-term rentals. Key Takeaways: [2:43] Julia has about 30 listings for her 7 homes [6:56] Julia's portfolio prior to starting short-term rentals [9:40] The importance of the review system in the short-term rental market [12:45] Julia started her short-term rental career by moving out of her own house and renting it out, and got rid of some of her long-term rental homes [16:37] Short-term rentals and problems with neighbors [21:10] Red flags (and green flags) for properties you're considering for short-term rentals [25:38] What team members do you need in order to self-manage? [31:11] Whether Julia has ever looked into using (or used) a property manager [34:28] How Julia streamlines her operations [38:08] A real life example of what kind of profits Julia makes on her properties Website: www.JuliaMSpencer.com

In 2016 Jason was joined by Harry Dent, from Dent Research, to discuss the tax benefits you can get from moving to a US territory like Puerto Rico, some cyclical markets that are out of control, demographic problems around the world, inflation, and foreign investors in US real estate. Key Takeaways: [1:20] Harry's new home in Puerto Rico, and the tax benefits he can receive [5:18] Vancouver real estate is out of control [10:31] Japan's biggest problem is a demographic problem [14:21] Previously Harry had predicted a drop in gold which hasn't happened, does he still believe it's going to go down or was he wrong? [19:01] In a deflationary environment the only chance you have to make money is in yield, which can be found in linear markets with cash flowing properties [24:22] Most foreign real estate investors are legally laundering their money out of their country Website: www.HarryDent.com www.DentResearch.com

Part 2 of Jason's interview with Richard Duncan includes information about the what Richard believes will happen if the government doesn't continue to intervene in keeping the global bubble afloat, how the government can get back to the black and why we are at a unique time in economic history. Richard Duncan is Chief Economist at Black Horse Asset Management, the author of The New Depression: The Breakdown of the Paper Money Economy and The Dollar Crisis: Causes, Consequences, Cures. His Macro Watch video series can help individuals to clearly understand how the financial system really works. Mr. Duncan previously held the position of economist for the World Bank and the International Monetary Fund. Key Takeaways: [1:00] Once the US moved from a gold backed monetary system to paper money system the rules changed. [10:35] Who has benefited most from a globally-based economy? [13:16] The global bubble is inflated by government policy. [16:15] The combination of printing money and globalization makes this a unique time in history. [21:33] How Richard Duncan believes the US can pull itself out of debt. Website: www.Blackhorse.com.sg The New Depression: The Breakdown of the Paper Money Economy The Dollar Crisis: Causes, Consequences, Cures

This week's episode is an enlightening economic conversation you don't want to miss. Jason welcomes Richard Duncan back to the show for the first of a two-part conversation about what is driving the economy and which mistakes could catapult the US into a recession. Richard Duncan is Chief Economist at Black Horse Asset Management, the author of The New Depression: The Breakdown of the Paper Money Economy and The Dollar Crisis: Causes, Consequences, Cures. His Macro Watch video series can help individuals to clearly understand how the financial system really works. Mr. Duncan previously held the position of economist for the World Bank and the International Monetary Fund. Key Takeaways: [1:11] Richard Duncan has a unique, insider's view of world economics and FIAT money. [6:16] In the US, when credit grows less than 2% the US goes into recession. [11:27] Creditism is the new Capitalism. [13:47] Looking back at the policies which saved the world economy in 2008. [19:45] It's a very sensitive moment in the economy as the Fed is considering reversing quantitative easing. [23:37] Globalization has changed the way the economic game is played. Website: www.Blackhorse.com.sg The New Depression: The Breakdown of the Paper Money Economy The Dollar Crisis: Causes, Consequences, Cures

Bubbles have come and gone throughout history. One area expands too much and crashes, but there are usually other asset classes that are insulated from the bust. But what if it's an everything bubble? What if real estate, stock markets, commodities, and everything else is in a bubble? What can you do in that situation? Jason Hartman talks with Mish Shedlock, economist and investment advisor at SitkaPacific Capital Management, about what's going on right now and where you may find some decent investments amidst the bubbles. Key Takeaways: [3:12] Mish's Rule of Progress [10:28] The Shiller P/E Ratio Chart and what it says about the market today [12:13] The Buffett Indicator [16:08] The Mish Shedlock investing thoughts for right now [19:46] How asset inflation is leaving investors behind [24:12] Some real estate price examples on the East coast that show the dangerous bubble we're probably in, and how policies are set up to aid the rich in their wealth creation Website: www.MishTalk.com www.MishMoments.com

Income generating real estate is the most historical proven asset classes in the world. Jason talks with Reichen Kuhl, CEO and founder of LeaseLock, about his program for landlords. LeaseLock is designed to identify rent payers and protects landlords from tenants who don't pay rent. Key Takeaways: [1:30] LeaseLock is an insurance policy a tenant will pay the rent. [5:07] How exactly does the LeaseLock know who will be a rent payer? [10:42] Insurance industries are able to insure people differently in spite of Fair Housing laws. [12:49] The cost is LeaseLock is 7% of the full lease value of the rental unit. [16:05] Miscellaneous information about LeaseLock as a business. Website: www.LeaseLock.com

Jason Hartman welcomes William Cohan, New York Times columnist, special correspondent for Vanity Fair, former contributor to Bloomberg View, and author books such as Why Wall Street Matters, The Last Tycoons, and House of Cards. William tells Jason his views on the Trump administration, why Donald has had a hard time draining the swamp and who really is to thank for the low unemployment rate and the steady economy. Key Takeaways: [1:13] The Trump administration, leverage and cleaning out the gears of the machine that is the US economy. [7:24] A grand bargain with Wall Street would mean revamping much of its incentive system. [13:40] Draining the swamp is harder to do than it looks. [13:23] What we should expect out of the economy and employment. Website: www.WilliamCohan.com

Neighborhoods throughout America are more segregated than ever, and a lot of people don't realize that governmental action is a big reason why. Richard Rothstein is author of The Color of Law: A Forgotten History of How Our Government Segregated America, and he tells Jason about how laws kept certain groups of people in certain areas of society, and how it still resonates today. Richard also tells Jason some pretty simple rule changes that could spur integration, and more affordable housing in general, throughout the country. Key Takeaways: [1:27] The government's involvement in the segregation of our neighborhoods [3:58] How governmental actions created segregated suburban communities like Levittown, NY and Lakewood, CA [7:27] The FHA would only guarantee loans to developers if they promised not to sell homes to African-Americans [10:24] The Fair Housing Act of 1968 didn't actually solve any problems because the home values had become unaffordable for working class families [19:08] Jason's take on "Environmental Racism" [23:12] There has been some recent growth of African-American suburbs, but not integrated suburbs [27:07] Richard's take on Ben Carson as head of HUD & Section 8 housing [30:39] How Section 8 housing re-enforces segregation and keeps people out of middle class neighborhoods, while allowing landlords to raise their rents Website: www.EPI.org

The First Amendment is frequently cited by anyone who is told to quiet down what they are saying. But what does it actually protect, and from whom? Floyd Abrams represented The New York Times in the 1971 Pentagon Papers case, and is author of the new book The Soul of the First Amendment. He explains to Jason how the First Amendment actually protects us, what it DOESN'T protect us from, and why some areas aren't as protected as others. From comments made online to business practices, it's important to know how much damage your speech can have, both to the subject of your speech and to yourself in any potential lawsuit. Key Takeaways: [2:23] Floyd's background and some of the landmark cases he's been a part of like the Pentagon Papers [6:25] The First Amendment and college campus free speech issues [8:10] Areas of our society we don't realize are government controlled and subject to different free speech rules [10:45] The broadcast medium is nearing the free speech protections as print media [15:17] The First Amendment and "fake news" [20:03] The First Amendment and the internet users getting sued for comments/reviews/etc Website: The Soul of the First Amendment

The housing market is always on a pendulum, but where are we now? Self driving cars are going to be changing the dynamics of our society, but are they going to push more people into the city or have more people moving to the suburbs? Jason Hartman and Matt Slepin, President of Terra Search Partners, discuss what is going on in real estate today, and how our changing environment is impacting real estate in the future. Key Takeaways: [3:06] Where Matt thinks we are in the business cycle, and whether we've overbuilt apartments [7:19] The issues going on in the retail and office investment markets, and why apartment investing makes more sense these days [11:43] The rise of the autonomous vehicles and how they will change the real estate demand equation [15:59] What does Urban Land Institute do and what issues are being discussed? [19:52] What Matt has learned in his real estate podcast [23:21] Two conflicting trends in property management Website: www.TerraSearchPartners.com

Bob Miller might have started his career as a police officer, but he didn't stop there. He worked his way up to become the longest serving governor in Nevada history, with a mindset of encouraging economic development through environmentally friendly tourism, specifically Las Vegas. But Vegas wasn't always in Bob's future. Bob's dad was a gaming pioneer, and he steered Bob away from the Vegas experience and pointed him in the direction of legal advocacy. After he graduated from law school and worked his way up to the governorship, Bob used his legal background to help Nevada transition Vegas into the powerhouse of entertainment that it is today. Jason Hartman and Bob talk about Bob's new book Son of a Gambling Man, and what Vegas was, what it is, and how the law impacted Bob's entire life. Key Takeaways: [6:05] Where Bob sees Las Vegas, and the state of Nevada, headed [11:02] When Vegas changed from a place with cheap food/transportation/hotel rooms to get you to come in and gamble, to a place where it's expensive and has booming business outside of gambling [16:03] Bob's experience as a lawyer Website: www.RJMillerConsulting.com

New Fannie Mae rules were recently announced, and it's going to impact your financing. Joe, Jason Hartman's lender, is here to talk about how these new rules are going to impact your investment home purchasing. There are caveats to the 20% down on your first 10 properties, but once you own the property, you have options. Key Takeaways: [2:10] Fannie Mae allows borrowers to put 20% down or the first 10 properties. [4:23] Interest rates are rising so lock the rate on your property rate now. [9:17] 85-90 days in the maximum time to lock in a rate. [10:48] Joe explains loan level price adjustments to rate. [13:02] The Trump administration may replace the head of the Consumer Financial Protection Bureau. [17:55] The ease or difficulty of qualifying for a loan.

Income property inventory is low after single-family home sales rose in January. Jason explains why an inflationary period is a great time to invest in single family homes during this live recording from one of his recent seminars. He also says the signs are pointing toward such an inflationary environment under a Trump presidency. Key Takeaways: [1:14] Inflation induced debt destruction by way of a mortgage. [3:21] Inflation numbers are always adjusted by the government [10:49] The ultimate investing equation. [18:08] If it doesn't generate income, it's not an investment [19:59] Inflation crushes cash and bonds [22:01] The IRS does not account for inflation. [25:15] Loan defaults happen during deflationary periods as well [27:38] If you have a corporate job you are paying more taxes than the self-employed.

Elysia Stobbe's real estate career has seen her help close more than $250 million in residential mortgage loans. Jason Hartman talks with Elysia about her best selling book How to Get Approved for the Best Mortgage Without Sticking a Fork in Your Eye. The two discuss money mistakes that investors frequently make, what to expect from the mortgage industry in the next few years, some crucial borrowing strategies, and more. Key Takeaways: [1:42] The 3 monumental money mistakes to avoid [5:12] The state of the mortgage industry [8:40] Key borrowing techniques for investors [11:50] There are still great returns out there, so stop waiting Website: www.ElysiaStobbeBooks.com www.ElysiaStobbeHomeLoans.com

Jason Hartman talks with the founder of Rentec Direct, Nathan Miller, as the two seek to help investors self manage their properties with tools such as Rentec Direct. Rentec offers complete solutions including inventory, property management tools, and now exclusive financing with terms you will appreciate. Nathan says Rentec Direct is designed for investors with 2-20 income properties. Tenant screening, automated payments and a property manager access option makes the tool accessible and easy to use. Key Takeaways: [1:52] Rentec Direct's average client is an investor with 2-20 properties. [3:51] The Rentec tool is designed to make a landlord's life easier. [9:01] Tenant screening is via Trans-Union. [13:58] Rentec PM has the option to open an owner/investors portal and is 20% more. [18:27] What differentiates Rentec Direct from their competition? [24:02] Live chat support is available within the program. Website: www.RentecDirect.com https://cozy.co "The most important part of renting a home is picking the right tenant."

Jason Hartman talks with Frances Donald, Senior Economist at Manulife Asset Management and Chief Economist at John Hancock Financial Services. The two discuss consumer, investor, and executive sentiment numbers in the home and job market. Frances can't say for certain whether or not Trump is the reason behind the economic resurgence, but she does believe Trump's potential policy changes are the reason behind the stock market rally. Frances and Jason also discuss how the real estate market still has pent up demand despite growing student loan debt and young people being unable to buy homes. Key Takeaways: [1:12] Investor sentiment gives a positive outlook for the US economy [3:54] Is Trump the cause of the economic forecast? [5:11] Rising interest rates present a challenge for the housing market [8:12] Trump is inspiring confidence in companies all across the country [9:53] Real estate investment is a small part of the total economy [14:30] There are two true drivers of rental housing [17:02] The housing and rental markets are not currently in their natural order [20:41] The importance of demographics in relation to wage growth Websites: www.JohnHancock.com @FrancesDonald There are fewer multipliers to growth from a rental market than there are from a housing market.

Jason Hartman talks with Founder, CEO, and Chairman of ThirdHome, Wade Shealy. The two discuss how people with vacation homes can loan out their vacation spot while getting access to thousands of properties in desirable areas for as little as $395 for a week. So if you're tired of going to the same spot for your vacation year after year, maybe it's time to borrow someone else's for a change. Key Takeaways: [2:41] How ThirdHome differs from timeshare business models [6:06] What you have to do to be eligible for membership into ThirdHome [10:36] How ThirdHome relationships with other organizations works [13:56] The cleaning process after guests leave your vacation home [15:26] Relationships that have been cultivated through ThirdHomes, and some of the membership perks Websites: ThirdHome JetSmarter

Jason Hartman talks with Robert W Wood, Managing Partner of Wood LLP. Robert is a tax attorney who deals in matters both corporate and individual. He has been ranked by the US Lawyer Rankings as a Top 6 tax lawyer in the country. Jason and Robert discuss things people do with their taxes that might open them up to prosecution, and how to avoid turning your contractors into full time employees in the eyes of the law. Key Takeaways: [1:19] Should offshore accounts be avoided? [3:41] You could be unknowingly breaking the tax law [4:42] The main way IRS criminal cases come about [7:40] What to do if the IRS criminal division comes for you [10:05] How lawsuit settlements are seen in the eyes of the tax law [11:56] What you need to know, tax wise, about hiring freelancers [17:40] The dangers of having freelancers and employees doing the same jobs Website: www.WoodLLP.com

Jason Hartman talks with Grant Cardone, Executive Producer of Turnaround King and host of The Cardone Zone. Grant is also the author of The 10X Rule, and he talks with Jason about how you can make your life be what you want, why he wrote his book, and why it's important to be self sufficient. Key Takeaways: [4:30] Grant's new venture Act Like Success is based on committing first and figure the rest out later. [9:52] The 10X Rule is based on a concept that the goals, targets and actions people are making are low based on their potential. [12:07] How to stay excited and make your goals 10X. [13:57] Breaking free of middle-class thinking. [21:17] Find power in who you know not what you know. [25:46] You have to do whatever it takes! Website: www.GrantCardone.com www.TiredofMissingSales.com www.CardoneUniversity.com www.twitter.com/GrantCardone

Jason Hartman talks with Sandra Navidi, author of the new book Superhubs: How the Financial Elite and their Networks Rule Our World. Sandra is a former investment banker at Scarsdale Equities, and is now the founder and CEO of BeyondGlobal. Sandra received her law degree from the University of Cologne School of Law, Germany, as well as a Master-of-Law Degree in Banking Corporate and Finance law from Fordham University School of Law, USA. Navidi's economic perspective is described as "from micro to macro". Key Takeaways: [1:40] Why financial superhubs are of interest to Sandra [5:55] The superhubs are the same as all networks, but with significant more power [9:12] How the actions of various superhubs can impact your life [14:03] Can an average person get access to superhubs? [18:02] How many superhubs are out there [21:10] Some of the biggest names in the financial world have relatively low net worths [27:21] If we don't correct our system, it will correct itself, and it might not be pretty Website: www.beyond-global.com www.twitter.com/sandranavidi

Jason Hartman talks with one of his clients, and owner of 9 properties, Muthiah Nachiappan. Muthiah has pored over many property management contracts, and he discusses his self-designed Property Management Survey, fees property managers charge but shouldn't be paid for, and how he got into income property investing. Jason also gives listeners 4 options for property management, and then discusses the 3 options property management companies have to take advantage of if they want to stay in business. Key Takeaways: [2:44] Property Management contracts always skew toward the writer of the contract [4:06] Jason thinks the property management business is ripe for disruption via things like self-management, a la carte services, and flat fees. [7:38] Muthiah's road to income property investing [11:28] Muthiah's Property Management Survey. [16:01] What the flat fee system Jason envisions is [21:30] 4 property management options the every investor should know [26:52] A hybrid option for property management needs to be available [31:21] It's important that your property management company know that you're an educated owner who won't be taken advantage of. [33:48] Muthiah shares his future investment plans and his retirement objectives. Website: www.jasonhartman.com

Jason Hartman talks with Andrew Wright, CEO and Managing Partner at the commercial real estate firm, Franklin Street. He has grown the company to more than 200 employees in major markets throughout the Southeast. He has been involved in over $1 billion in real estate and finance transactions, and also has experience in distressed real estate, negotiating the resolution of more than $800 million in debt since 2009. The two discuss the changing nature of real estate thanks to technology, and what sectors are still worth investing in today. Key Takeaways: [1:35] How Andrew expects Trump to impact real estate under Trump [4:59] How much the internet has changed retail centers [8:31] Internet shopping has changed the demand for warehouse real estate and the delivery industry [12:54] Andrew's take on the supply/demand status of the market right now [17:03] What kinds of cap rates Andrew is seeing out there these days [19:08] Andrew's favorite real estate investment today Website: www.franklinst.com

On September 30, 2016, Linda Jones invited Jason Hartman on to Be Wealthy and Smart to talk about the all important LTI ratio. Jason explains why high land values aren't necessarily a good thing, and how his "Hartman Risk Evaluator" can help you identify cyclical markets to avoid and linear markets that are ripe for investing. Key Takeaways: [4:34] The importance of the LTI ratio [7:28] Jason's "packaged commodities investing" idea [11:41] How much land values can change the price of your home [15:08] How the "Hartman Risk Evaluator" can help you invest [18:44] The danger that comes from believing someone can predict changes in home prices Websites: www.jasonhartman.com www.twitter.com/jasonhartmanroi

Chris Porter is coauthor of the new book Big Shifts Ahead, and VP and Chief Demographer at John Burns Real Estate Consulting. Jason Hartman talks with Chris about how demographic issues can impact the real estate market, the economy, and business cycles. Key Takeaways: [2:15] Exploring Chris' new book: Big Shifts Ahead: Demographic Clarity for Businesses. [4:47] Generational nicknames given to generations based on the shifts they ushered in. [13:20] The new generation is probably going to behave like their grandparents rather than their parents [14:16] The housing market is about to experience shadow demand [16:35] A third of all population growth in the US can be attributed to immigration [18:51] John Burns Real Estate consulting believes home ownership, over the next decade, will fall below 61% [22:17] Business relocation incentives in the south are enticing [23:52] Differentiating between urban, suburban, and rural communities. [28:26] How to bring the best of the urban settings to stereotypically suburban environments. Websites: https://www.realestateconsulting.com https://www.bigshiftsahead.com

Jason Hartman talks with Nathan Miller, the founder of Rentec Direct. Rentec Direct is a client-focused program designed for investors with 2-20 income properties. The tool allows you to have a website, auto draft rent payments, full bank, property and tenant ledger, tenant screening, publish vacancies to sites like Craigslist, online file management, and more. Key Takeaways: [1:57] Why Rentec is designed for investors with 2-20 properties. [3:56] The primary purpose of Rentec is to make the real estate investors life easier [9:06] All screening for tenants is done by Trans-Union [14:03] For 20% more you can use Rentec PM and have an owner/investors portal [18:32] How is Rentec Direct different from similar platforms? [24:07] Rentec Direct offers a live chat support function Website: https://www.rentecdirect.com https://cozy.co

Jason Hartman talks with Ed Conard, economist, and founding partner, with Mitt Romney, of Bain Capital. Conard wrote the New York Times Bestselling book Unintended Consequences: Why Everything You've Been Told About the Economy is Wrong and his soon to be released book, The Upside of Inequality: How Good Intentions Undermine the Middle Class. The two discuss the misunderstandings on CEO pay, why the technology sector is doing so well, and how current regulations tend to benefit the big players in the market. Key Takeaways: [1:28] Ed discusses his time at Bain Capital with Mitt Romney, when they experienced enormous growth. [3:30] Clients of Bain Capital were given the opportunity to invest in capital investment and management supervision related opportunities. [5:07] The company also utilized a higher risk strategy, which allowed them to take advantage of investment opportunities of undervalued assets. [7:21] The Upside of Inequality delves into American workers productivity [12:18] The US economy is accelerating and we don't see a stagnant Fortune 400, which means companies aren't just negotiating for a bigger piece of the pie [14:47] While the headlines make it seem ridiculous, CEO pay may not be quite as outrageous as it appears [19:36] Tech companies pay less taxes and have lax regulation, especially when compared to other sectors, who have to continuously look for loopholes to give get a competitive advantage. [21:22] The rise of profitability in the tech sector has been extraordinary. [22:23] The economy is squeezing the profitability out of every most other sectors. [24:45] Properly trained talent and a willingness to take risk are the binding constraints to growth in this new economy. Website: http://www.edwardconard.com https://twitter.com/edwardconard

Jason Hartman talks with James Adams, former Waffle House employee and analyst. His new book, Waffle Street: The Confessions & Rehabilitation of a Financier, tells the inside story of working on Wall Street during the housing market crash. After exiting the scam that is Wall Street, he got a job at Waffle House, and spawned his book, now movie starring Danny Glover. James explains the central banking system in terms of loans and debt, the issues created by printing more and more money, and cautions us about which major nation might be the first to collapse in the NEXT crisis. Key Takeaways: [1:25] James' original title for the book [5:02] While some areas of the book are dramatized, the crisis was on a bigger scale than anyone could imagine. [6:25] Haphazard underwriting and an improbable US housing decline made many US financial institutions to reassure clients until the crash happened [9:23] The ripple effects of leverage because of how out of whack rent to home price ratios were [12:05] James fears the treasury balance sheets of G8 countries could be the cause for another meltdown. [14:23] Central banks are creating electronic liabilities. [16:10] What needs to be done to the banks before we can even begin to solve our underlying problems [21:59] Printing money works until it doesn't [22:38] Japan has many factors that are working against their long term success [23:58] Are options on Japanese debt a good idea? [26:05] The Waffle Street film is trending well on Netflix and is experiencing good distribution. [27:10] James has another movie and works as a Senior Research Analyst Website: http://www.wafflestreetmovie.com https://twitter.com/wafflestmovie "It's the layer upon layer of leverage which creates instability in the housing market."

Jason Hartman and Gary Pinkerton break down the article, 27 Charts That Will Change How You Think About the American Economy. The charts document changes in the US economy in regards to things like productivity, demographics or inflation. They also highlight the impact of people working past the social security mandated retirement age, service jobs versus labor jobs, and the opportunity presently presented to real estate investors based on the number of Americans with disposable income. Key Takeaways: [3:40] Gary was looking for a way to shift active income into passive income which led him to the Creating Wealth podcast. [5:57] The 27 Charts that will change how you think about the American economy article, by Timothy Lee. [10:07] Service Industry growth is a clear indicator of progress and higher standard of living. [13:59] Labor force numbers have been declining since 2000 [16:30] The urban growth in real estate [21:05] Chart #19 shows inflation-adjusted home prices. [26:18] Construction costs have not kept up with housing prices [30:42] The American idea of retirement has changed Websites: www.venture-alliance.com www.vox.com/new-money/2016/10/10/12933426/27-charts-changing-economy

Jason Hartman talks with James A. Runde, investment banker and independent corporate director. He is the longest-serving investment banker at a single U.S. firm, currently standing at 42 years with Morgan Stanley. He is best known for advising UPS to go public, a move that has worked out quite nicely for the company. Alongside his role as investment banker, Jim began educating other bankers about emotional intelligence quotient (EQ). His new book, Unequaled, dives into this topic. Key Takeaways: [2:38] How the markets and technology have changed in the 42+ years James has been in finance [6:54] How you can strengthen your EQ as opposed to your IQ [10:52] The importance of adaptability, and how everything changes when you go into the workplace [13:04] James' opposite route that he takes at networking events [17:10] How emotional intelligence has had to adapt to changing technology Website: http://jamesrundeauthor.com Unequaled on Amazon James Runde on Wikipedia