Creating Wealth Real Estate Investing with Jason Hartman

Greetings from Sarasota, Florida! Jason Hartman shares the good news, "America is Increasingly, A Nation of Renters!" What socioeconomic changes have prompted this shift in the last decade, and how does it benefit the real estate investor? In the second part of today's show, we share a clip from a live conference. Jason asks, "What got you into real estate?" Doug and Evan both share a bit about Equities vs. Real Estate Investing and Self-management. Key Takeaways: [1:35] Good news from CBS News, "America Is Increasingly, A Nation of Renters" [3:16] The renter class has changed, is it now acceptable to rent? [14:55] Inflation induced debt destruction, IIDD, looks at the way you get paid to borrow money over time [17:35] A Live conference chat with Evan and Doug: Self-management, & Equities (stocks) vs Real Estate Investing [18:00] "You can never make enough money with your own two hands" [19:45] The tech revolution has made real estate more valuable Website: www.JasonHartman.com

In today's episode, Jason questions California's proposal to use its eminent domain power to take over properties for rent control. What does this do to/for the landlord? The effects of the coronavirus on the human race and the economy aren't something to ignore. Investment Counselor, Adam, returns to the show with our February 2020 Mortgage Rate Update. Key Takeaways: [1:05] The "Socialist Republic of California" took some huge steps toward economic suicide. Is California Rent Control a mistake? [7:33] Money goes where it's treated best [11:20] Three forms of power: violence, capital, and information [13:45] What is to come of the potential pandemic of the coronavirus? [16:20] Investment Counselor, Adam, with our February 2020 Mortgage Rate Update [25:00] Reach the Jason Hartman Investment Counseling Team, 1.800.Hartman Website: www.JasonHartman.com/Properties

Congratulations to our Super Bowl 54 Champions, The Kansas City Chiefs, and the supporters of Brexit! Are you a HENRY? Big problems and big success run in the same circle. Today, Jason Hartman speaks on Commandment No. 3 of the 21 Commandments of Successful Investing, "Thou shalt maintain control." As well, he shares some interesting business concepts developing with Cloud Kitchens. And, Is there any legitimacy to the Super Bowl Indicator? Key Takeaways: [2:44] Welcome to HENRY: High Earner, Not Rich Yet! [9:26] If you have bigger problems, it's probably because you have more success [10:42] "It's not what we get by reaching our goals that matters, it's who we become just by trying" -Zig Ziglar [12:12] Commandment No. 3 of 21 Commandments of Successful Investing: Thou shalt maintain control [24:35] When you own the real estate, you own something real [25:00] Have you heard of Ghost Kitchens? [28:00] The Super bowl Indicator: Does Kansas City's win actually give us a good indicator of what will happen this year with the S&P 500? Website: www.JasonHartman.com

Super-Monday, the youngest Creating Wealth listener and a letter about money from the late great Kobe Bryant. Today, investment counselor, Naresh returns with questions for Jason about a few investment properties in "The Vegas of the South," and Citrus Springs Florida. Jason elaborates on the recurring real estate investment theme of "Refi 'till you Die." And finally, the importance of understanding ROA (Return On Amortization). Key Takeaways: [4:28] A Fourplex, new home construction deal! [7:05] Tunica Resorts property, the Vegas of the South [8:32] 32% return on invest IS a conservative number in a multidimensional asset class [8:50] How To Analyze an Asset Class, Free Video - JasonHartman.com [9:45] Advice on money, from a letter that Kobe Bryant wrote [15:30] "Refi 'till you Die" plan [16:20] ROA return on amortization [26:50] Citrus Springs, Florida Website: www.JasonHartman.com Mamba Mentality: The Mindset That Made Kobe Bryant a Master

Today's Flash Back Friday comes from Episode 1048, originally published in August 2018. Jason Hartman discusses some of the main stories in the news today. The first story is one of the reasons Jason created Commandment #3 (Thou Shalt Maintain Control), the next is a potential sign of a market slowdown from none other than the scandal plagued Wells Fargo, then the potential return of risky loans. Finally we wrap it up with a story on how California might make it even more expensive to live there. Key Takeaways: [2:09] Forgetting Commandment #3 can often be an expensive lesson and the biggest Ponzi scheme in the world [6:52] Always think of opportunity cost when you have money sitting around [12:20] A potential sign of a market slowdown from Wells Fargo [16:49] The housing market is slowing from the top down and hasn't hit the type of homes that Jason's network sells [20:44] Are banks starting to push risky loans? [26:07] California is considering changes to Prop 13 and home requirements, which Jason believes would be devastating for real estate holders Website: Jason Hartman's Alexa Flash Briefing The PropertyCast

Rabbi Evan Moffic, author of The Happiness Prayer, joins us from the Profits of Paradise conference where he speaks on happiness and what leads to a meaningful life. His rich insight on religion, capitalism and happiness give us a new way of approaching personal gain and how we can share that with others. And he invites us to ask ourselves, does more money lead to more happiness? Key Takeaways: [3:00] If money doesn't buy happiness, does poverty buy happiness? [4:05] Are Super Bowl tickets affected by inflation? [8:00] Fannie Mae issues a warning about fake companies [17:50] Does money make us happier? [21:00] From 1-10, how satisfied are you with your life, and does your income affect that? [22:56] Happiness is a kind of currency [26:25] PERMA: Positive emotions. Engagement. Relationships. Meaning and purpose. Accomplishment. [29:30] Love of money is the root of all evil, not money itself. Website: www.RabbiMoffic.com www.JasonHartman.com

Every deal seems too expensive at the outset. Jason Hartman speaks on the Cap rate or less affectionately called, "The Crap Rate" as a faulty metric. And another proof of commandment number 3 of 21 Commandments of Successful Investing, what did Robert Morgan do? Jason Hartman talks with Jonathan Slain, a high growth leadership coach, founder of www.Recession.com, and author of Rock the Recession, about how to prepare your business to ensure that you not only survive, but thrive through recessions. Having a war chest BEFORE it starts is absolutely crucial to your continued success, so make sure you have a plan and rock your way through any recession. Key Takeaways: [5:37] Every deal becomes a good deal looking in the rear view mirror [11:35] How do you grow during a recession? [15:20] You can increase your business significantly by spending into a recession [21:00] Make sure you have a recession plan BEFORE the next recession [23:20] Why Jonathan thinks a pullback will happen in 2020 [27:27] Examine your business to find what you can do that will make your competition irrelevant [31:00] The big opportunities lie on the fringes of creativity Website: www.JasonHartman.com www.Recession.com Rock the Recession: How Successful Leaders Prepare for, Thrive During, and Create Wealth After Downturns

Thou shalt diversify. The continuation of our discussion on due diligence. Jason and Adam present tips on investigating the areas in which you own property. Use tools like Google street view to take a tour of the surrounding areas to understand the influences for value and rent. Adam shares a real life scenario on a property in Merrillville, Indiana. Find out what questions you should ask before investing in a property. Key Takeaways: [3:00] Thou shalt diversify. Diversity into three to five markets. [5:55] Use google street view to understand the areas that surround your investment. [8:30] Check with local property management companies to confirm rent estimates. [11:15] Put the system to work with a real life evaluation of a current property. [14:10] The institutional apartments do a really good job of squeezing the rent out. We should be demanding more for our properties. Websites: www.JasonHartman.com/Properties

Do the Due! Do your due diligence. Jason Hartman speaks with investment counselor Adam Schroeder about key aspects of income property investing including; checking home prices and contacting the Tax Assessor. The two give insight on working with lenders and the importance of home inspection and re-inspection. Key Takeaways: [4:00] Where to find pricing: MLS, Zillow and Tax Assessor [9:10] Pictures can be insanely misleading. Sometimes, it's not even the same house. [14:25] A quick call to the country tax assessor can give you a ballpark estimate on taxes for an investment property. [19:35] Lender deals can change due to dynamics of reevaluations. [24:00] The licensing laws vary from state to state, check the requirements for you state Websites: www.JasonHartman.com/Properties

Today's Flash Back Friday comes from Episode 1022, originally published in July 2018. Jason Hartman takes a turn to the listener mailbag while talking with Kerry Lutz, founder of the Financial Survival Network. Today's topics run the gamut from when to rent your personal residence, how RV ratios work around the world, how to work with Jason, and how to get OUT of the real estate game as you get older. Key Takeaways: [2:41] Why Jason has long believed the idea of public unions is ridiculous [6:27] The stigma between renters and home owners seems to be disappearing, if not already completely gone [9:54] Mason's question on renting his primary residence [18:42] RV Ratios apply world wide [19:23] How is depreciation unwound? [24:58] Is it wise to put 100% down on a property if you have the cash? Website: www.JasonHartman.com/Properties www.FinancialSurvivalNetwork.com

Successful people aren't martians! Success is possible for everyone. Jason Hartman speaks on taking advantage of a lucky situation by preparing for the opportunities that will inevitably drop into our lives. Then, Jason and George Gammon return for the conclusion of our three part story: the building blocks of the Jason Hartman Risk Evaluator. Jason also shares a modern day story taking place in Seattle, proving once again the risk of investing in a cyclical market. Key Takeaways: [3:45] The vast majority of us came from very humble beginnings [8:06] "Luck is what happens when preparation meets opportunity" - Seneca [10:24] The content is what happens, the context is the environment (our head) it happens in [17:45] The risk when investing is in high land values [18:26] Three types of markets: linear, cyclical and hybrid. What market is a preferred market for investing? [23:00] Low land value equals low risk, high land value equals high risk [28:10] Human biases: recency bias, sunk-cost bias, and certainty bias can all distract an investor Websites: www.JasonHartman.com/Properties The PropertyCast www.WeGoLook.com www.NoLo.com www.RocketLawyer.com www.Buildium.com

In Part 2 of this 3 part series, Jason Hartman breaks down the ingredients of a house, otherwise known as "the improvement." Jennifer, the insurance agent, is a key to understanding the land versus improvement value, and George Gammon shares an exhausting experience with lot subdivision and development. Eric, the appraiser comes out with good news prompting the question, "how would you allocate the new value between the two primary components, land and improvement?" Key Takeaways: [8:13] CPA (Cost Per Action) and is it applicable in a Real Estate Investment [13:37] The ingredients of a house starting with raw materials [16:46] "When I'm looking at an income property... I look at it as though I'm buying a stream of cash flow." [13:38] The ingredients of a house, labor costs [24:06] The ingredients of a house, regulations [27:20] The ingredients of a house, cost of energy [29:05] "How do I know the land value vs the improvement value?" Websites: www.JasonHartman.com/Properties www.WeGoLook.com www.NoLo.com www.RocketLawyer.com www.Buildium.com

George Gammon interviews Jason Hartman about The Jason Harman Risk Evaluator. In Part I of this three part series, Jason describes his 'aha moment' after 19 years of experience in Real Estate. The story begins with a call from Jennifer, an insurance agent in Irvine, California that leads to the necessity and application for understanding the LTI (Land to Improvement ratio). Key Takeaways: 1:10 Homework Assignment - GDP, Per Capita GDP, PPP 16:20 "No such thing as a passive investment" 18:03 The Hartman Risk Evaluator, LTV and LTI ratios discussed 21:28 The call from Jennifer, the insurance agent 23:45 What factors increase improvement value Websites: www.JasonHartman.com/Properties The Rebel Capitalist Show

Jason Hartman speaks with returning guest and author of the book, "Heads I Win Tails You Lose," Patrick Donohoe. The conversation touches on topics of an ever changing world culture that continues to reshape how we approach wealth, the freedom to do, and in what we find meaning. Despite some of the chaos and cultural decay, the 2020's are going to bring some excitement to the world. [20:40] It's not freedom from having to do something, it's freedom to do something. [22:07] The order of magnitude: an interesting time in history where we are going to see massive change. [24:00] The rising 3 billion, that aren't online yet: If you think that society has benefited from sharing knowledge, you're right. [26:38] There will always be winners and losers [28:40] The Ritz Carlton Slogan discussion: "Systemize the predictable so you can humanize the exceptional." [32:27] People are still trying to find meaning in other things. [33:16] A little bit of struggle is good for the human spirit Website: www.JasonHartman.com/Properties www.HeadsOrTailsIWin.com

Today's Flash Back Friday comes from Episode 1035, originally published in August 2018. 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 Website: www.JasonHartman.com/Properties www.FreeCourt.com The PropertyCast

Did you know that there are more than 200 markets across the United States where the "typical" home costs more than one million dollars? Jason Hartman explores what is going on with home prices and where some surprising locations are that have incredibly high real estate prices. Then Jason talks with Pat Hiban, author of Tribe of Millionaires: What is One Choice Could Change Everything? and co-founder of GoBundance, about the multiple effects that are in our lives and how we can situate ourselves in a way that we can live our best life. Key Takeaways: [2:07] There are over 200 cities where the "typical" house is over $1 million [7:04] Some surprising cities that made the million dollar list Pat Hiban Interview: [13:34] Be careful in good times like these that you're not dealing with people who are just skimming the cream off the top and won't be here for you when things turn [25:36] The "one sheet" idea Pat uses in his masterminds [29:02] The Connection Effect Website: www.TribeOfMillionaires.com www.JasonHartman.com/Properties

Jason Hartman and investment counselor Carrie go over how the network functions. The two explain the process of finding properties, getting financing, evaluating the provider, and choosing property management. This can seem to be a daunting task, but that's why the network exists: to provide the complete solution for real estate investors. Key Takeaways: [5:08] The middle market between Fannie Mae/Freddie Mac loans and hard money has been a boon for investors [10:52] Keep your investment counselor in the loop with your purchases, having a Jason Hartman email address in the thread helps things move faster [14:34] Form relationships with market specialists so that you can know what you're getting into with future properties Websites: www.JasonHartman.com/Properties www.RealEstateTools.com

Jason Hartman and Rabbi Evan Moffic take a look at America's one affordable trophy city: Chicago (which just so happens to be where Evan lives). The two explore the things going on in the area that are helping drive business and helping investors in the area make some good money. Then Jason and Evan explore the Memphis market and what the two like about the future of the city. Key Takeaways: [8:28] YouTube offers the ability to learn anything [12:15] Chicago is the only cheap, iconic city in America [16:04] Democrat leaders in Chicago have still been pro-business [19:02] 2 big things that are happening in Chicago right now that are good for investors [22:09] Evan's thoughts on the Memphis market Website: www.JasonHartman.com/Properties

Jason Hartman and Investment Counselor Sara take a look at what they like about the Orlando market, in terms of the city itself and the team that's providing properties there. They also explore some of the ways that pro formas can be manipulated and why new construction is able to outperform projections. Key Takeaways: [2:43] Why Sara likes the Orlando market and team [7:05] Things are going to get worse for both homeowners and renters unless we can get the cost of materials and construction under control [10:46] Why rent guarantees are overrated [12:50] Other areas where new construction is available Website: www.JasonHartman.com/Properties

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 on sites like Yelp might be a good thing, that's why you have to read them [29:23] Insurance: individual policies or a commercial policy? Websites: www.JasonHartman.com/Properties www.WeGoLook.com www.NoLo.com www.RocketLawyer.com www.Buildium.com

Jason Hartman and economist Thomas look back on the 2010s to see what the biggest stories were for investors. From the War on Terror to Obamacare to the aftermath of the Great Recession, it was a decade fraught with ups and downs that provided opportunities for investors to make good money. Key Takeaways: [5:13] The 10th biggest story of the decade: the War on Terror explodes the deficit [8:20] Why European debt issues will come to the fore in 2022 [12:37] The idea of Purchasing Power Parity and what it says about China's economy vs the US [16:42] As much as Jason doesn't like Obamacare, it makes the list of Top Stories of the 2010s [26:53] What Jason learned years ago during his day as a lobbyist [29:10] Thomas is seeing at least a 15% drop in the market coming when the Fed decides to let risk enter the market again Website: www.JasonHartman.com/Properties

Jason Hartman and Lisa take a look at the phenomenon that's sweeping homebuilders across the country: build to rent. It's something that's not been done before and that Jason takes as a very positive sign for renter growth moving forward. Jason and Lisa then discuss whether the differences between new builds and renovated properties before moving into some market profiles in Florida and Oklahoma City, where we are happy to be venturing back into. Key Takeaways: [2:34] What the build-to-rent phenomenon means the builders are thinking [6:06] Even Toll Brothers is getting into the Build-to-Rent phenomenon [12:05] Jason's thoughts on appreciation of new home builds vs renovated properties [17:27] A clip on the growth going on in Florida. The new Texas? Website: www.JasonHartman.com/Properties

Jason Hartman and Investment Counselor Adam take a moment today to discuss the hot topic of Modern Monetary Theory (MMT). Adam, being a big proponent of MMT, plays a clip from a recent episode of The MMT Podcast and discusses what MMT is, how we can use it in our observation of the economy, and what it can mean for our investing. After they finish up their MMT talk, the two profile a property that's available in the Atlanta, GA market. Key Takeaways: [3:49] How money becomes money [8:03] Why Adam and Jason think cryptocurrencies not backed by the government will never thrive [14:25] What we actually need to worry about when we have a tax cut or increase in government spending [17:37] Shrinking deficits lead to pullbacks and federal surpluses lead to recessions [25:40] Property profile in Atlanta Website: www.JasonHartman.com/Ask www.JasonHartman.com/Properties The MMT Podcast

Jason Hartman and economist Thomas look back at some of the happenings of 2019 and then try to envision what's going to be happening in 2020. The primary thing being discussed today is the yield curve. There is constant talk about how a negative yield curve signals recessions, but how long does it have to be negative? Were we inverted too long in 2019? How long before we see the results of the negativity? Jason and Thomas try to answer all these and more. Key Takeaways: [4:13] What does the yield curve exploding mean? [7:17] Why an economist is saying that real estate is less risky than stocks in 2020 [12:36] Hybrid markets had a good 2019 and look like they'll have a good 2020 as well [13:38] A CNBC clip about the yield curve [18:14] The Fed has the dual mandate of moderate to low inflation with maximum employment, but they seem to consider financial stability as a 3rd mandate Website: www.JasonHartman.com/Properties

Today's Flash Back Friday comes from Episode 1001, originally published in May 2018. Creating Wealth's 1001st episode is a time to take a look back at the people who have made this show possible: the listeners and clients. Jason has been blessed to have such great clients who come on the podcast to tell other listeners about their real estate journey. Today we've curated some mini client case studies as we look back at what actual real estate investors have to say about their experience working with Jason. Website: www.JasonHartman.com/Events

Jason Hartman explores what's happening in America today when it comes to population growth (or the lack thereof). When you look at the demographics of babies being born today and what the housing market is going to need in 30 years, it's not a great thing for society. But that's why investment real estate can protect us. Then Jason talks with Quint Studer, author of Building A Vibrant Community: How Citizen-Powered Change Is Reshaping America and founder of Studer Community Institute, about how he was able to change Pensacola, FL and how other areas could be renovated using the exact same strategies that he employed. Key Takeaways: [2:43] 3 basic things that comprise population trends [7:56] Construction in the 2010s was virtually non-existent Quint Studer Interview: [14:23] The components of Pensacola's turnaround [17:58] In the midst of the Retail Apocalypse, what is actually working in retail? [21:40] Civic Conversations, bringing in experts to discuss their specialties, opened up opportunities they didn't realize would happen [24:28] There needs to be heavy investment into skill development Website: www.VibrantCommunityPartners.com www.StuderI.org www.PNJ.com/CivicCon

Jason Hartman and Investment Counselor Adam take the first day of the year to challenge every listener to sit down and make an investment plan for the year. Yes, New Year's Resolutions are cliche, but making a plan is better than not, and it's important to push yourself. You want to make it hard to reach, but not impossible. You need to take inventory of the things in your life you have, the things you can monetize, the things you can cut back on, and the things you can't or won't cut back on. After doing this you'll have a realistic look at what you can do to invest in your future. Key Takeaways: [8:47] You want your New Year's goals to be just out of reach but not out of sight [13:39] A Jacksonville, AR property profile Website: www.JasonHartman.com/Properties

Jason Hartman and Rabbi Evan Moffic take today to review "the best decade in human history". As 2019 ends and we look forward to 2020, Jason and Evan discuss how the real estate market has transformed since 2010. They also examine the mindset of investors that invested through the Great Recession. Lawrence Yun's expectations for 2020 are also dissected. Key Takeaways: [3:16] We are wrapping up the best decade in human history [6:48] What qualities did the people who invested in real estate through the Great Recession have? [11:56] Lawrence Yun's 2019 real estate year in review [15:50] Climate change has caused the Northwest Passage to open up, which is huge for shipping [18:51] Yun's prediction for the housing market in 2020 [24:26] Will the flow of people to cheaper cost of living states continue in the 20s? [29:34] The "Collapse of Brands" Website: www.JasonHartman.com/Properties

Jason Hartman and Investment Counselor Adam start today's show discussing what could happen to the cost of lumber and the cost of home construction based on the potential passage of the US-Mexico-Canada trade deal. With the deal already through the House and awaiting the Senate approval, it could have significant ramifications. Then Jason talks with Nick Vertucci, author of Seven Figure Decisions and founder of NV Real Estate Academy, about Nick's journey through the real estate world after his tenure in the tech industry. Nick spills the details of his change and why he switched from selling and flipping to educating. The two discuss the downsides of real estate, but also the incredible rewards that can come if you stick with it, make decisions and keep moving forward. Key Takeaways: [3:48] The US-Mexico-Canado trade agreement could have a big impact on real estate investors [8:46] The price of lumber stabilizing would be fantastic for investors who are trying to figure out the cost of construction moving forward Nick Vertucci Interview: [14:10] Nick's journey from selling and flipping real estate to the education side [20:38] Nick's first realization that he was making 7 figure decisions, and what true leaders all have in common [23:40] Real estate isn't perfect, and it isn't easy, but it can bless you significantly [27:22] Whether it's full or part time, have the entreprenuerial spirit and go create wealth [29:15] Decision making is one of the most importan things a successful person has to have Website: www.JasonHartman.com/Properties www.NVRealEstateAcademy.com Seven Figure Decisions

Jason Hartman starts off today's episode with a little talk on where interest rates may be headed (according to one economist) and how that would impact current real estate investors. Hint: it's a pretty good thing. He also has to throw in a qualifier to his "Amazing time to be alive" mantra, because there are a few things that aren't amazing right now. Then Jason finishes up his interview with John Tamny, director for the Center for Economic Freedom, Editor of Real Clear Markets, and author of Who Needs the Fed?: What Taylor Swift, Uber, and Robots Tell Us About Money, as the two discuss the impact of automation on all aspects of our life. John is excited about what all of this change will mean for the common worker and believes it will lead to higher quality of life for all. Key Takeaways: [4:12] A qualification to the beloved Jason mantra of "It's an amazing time to be alive" [7:18] Let Jason control the music and he cares not who controls the laws and the money [12:13] What Martin Armstrong thinks interests rates will be jumping to [15:28] Investors already in the game are praying for higher interest rates John Tamny, Part 2 [20:18] Automation is going to lead into a surge in new kinds of jobs [25:00] The demand for entertainment and service is going to explode [26:49] Tamny's Law: as prosperity grows more and more people escape laziness because they find work they love [28:29] John's thoughts on Universal Basic Income Website: www.JasonHartman.com/Properties www.RealClearMarkets.com

On the day after Christmas, Jason Hartman takes a look at the amazing economy the North Pole is able to have. With massive exports and limited imports, it's truly impressive what they've been able to do. The main thing the North Pole has that no other country has is big data. What they have puts the companies like Facebook to shame. Then Jason wraps it up by talking about the explosive growth in population that Florida has been experiencing. Website: www.JasonHartman.com/Properties The Economy of the North Pole

Merry Christmas from Jason Hartman! Jason shares one of his favorite poems that he discovered when he was only 17 years old. He learned it from Denis Waitley, but he wasn't the original author. Jason reads the poem and expresses his feelings about one of his favorite parts. Website: www.JasonHartman.com/Properties Desiderata

Jason Hartman and his mom take this Christmas Eve to evaluate how the United States was able to go an entire decade without going into a recession. This is something that has never been done before, so why did it happen now? The two listen to a CNBC story and break down each of the points: sometimes agreeing, sometimes pointing out flaws in logic. Then to cap off the episode, Jason's mom discusses her recent 3 day property tour of the Space Coast and how it reminds her a little bit of California. Key Takeaways: [3:14] CNBC clip about the US avoiding a recession for all of the 2010s [7:00] GDP in the Great Recession dropped over 4% and some believe the unemployment rate (the unofficial one at least) was as high as the Great Depression [11:57] There was relative price stability in the previous decades, but there was also wage stagnation [21:47] Jason's mom's best advice for how to figure out what's going on in the economy [24:09] Will Universal Basic Income become necessary when technology really kicks in? [27:57] There may not be much of a bust coming because there hasn't been a huge boom [28:23] Jason's mom's takeaways from her 3 day property tour of the Space Coast Website: www.JasonHartman.com/Properties How The U.S. Avoided A Recession For A Decade - CNBC

Jason Hartman talks with NJ Ayuk, Executive Chairman of African Energy Chamber, CEO of Centurion Law Group, and author of the new book Billions At Play: The Future Of African Energy And Doing Deals, about the development that's happening inside Africa. Many outside of Africa view the continent with skepticism, but there's a big shift happening, especially in the banking sector (or lack thereof). Jason and NJ discuss some ways that Africa in general is beating first world countries, as well as how a shift toward property rights could go a long, long way toward more prosperity. Key Takeaways: [3:54] Jason believes Nixon went to China to open up a cheap labor market [6:06] Is Africa the next low cost labor market? NJ Ayuk Interview: [10:47] Africa may not have first world countries, but it has some infrastructure that's better than countries like the US [14:04] Africa, unlike the United States, is not banking centric [17:42] Money transfers have gotten so fast and easy that illiterate grandmothers are doing it [21:21] What NJ views as the bedrock of a strong society Website: www.JasonHartman.com/Properties www.NJAyuk.com

Today's Flash Back Friday comes from Episode 1003, originally published in May 2018. Jason Hartman kicks off the show with listener Nate and his mom discussing what was learned during the recent Creating Wealth seminar, as well as getting some tips about how to create long-term tenants who are understanding of rent increases. Then Jason talks with John Tamny, director for the Center for Economic Freedom, Editor of Real Clear Markets, and author of Who Needs the Fed?: What Taylor Swift, Uber, and Robots Tell Us About Money about why he believes the Fed doesn't have anywhere near the power they're given credit for, why their policies aren't effective in today's world, and why demographics may not be as useful as they're believed. Key Takeaways: [5:01] If your tenants are there too long it might be a sign your rent is too low [10:22] Some tips on long-term tenant retention [14:49] Evictions don't just stem from not paying rent John Tamny Interview: [19:57] How Uber made John realizing something about the Fed [23:40] The importance of the Fed is vastly overstated [28:42] The idea that the rest of the world is in on some deal where they hold worthless treasuries isn't realistic [31:39] Demographic arguments regarding Japan don't hold a lot of weight with John [35:26] Money flows to its highest use, regardless of the Fed Website: www.VentureAllianceMastermind.com www.RealClearMarkets.com

What can you do when the government comes and seizes your assets? Jason Hartman and David Kirby, investigative journalist and author who was a regular contributor to The New York Times, Huffington Post and TakePart, and author of the new book When They Come For You, look into the practice of asset forfeiture, both civil and criminal. The two search for answers to the question of what regular citizens can do about the problem, as well as which states are really leading the charge in protecting their citizens. Key Takeaways: [1:40] Police departments have become the modern day debtors prison [6:40] The issue of debtors prison goes far beyond just the person who's incarcerated [10:10] The egregious action of civil forfeiture [17:31] What we can do about asset forfeiture [20:40] Nebraska and New Mexico now have no asset forfeiture and 15 states now require a criminal conviction Website: www.DavidKirbyAuthor.com www.JasonHartman.com/Properties

Jason Hartman starts today's show examining a PBS News Hour story about the legacy of Paul Volcker. As you know, Volcker passed away recently, but the impact he had on multiple presidents still resounds. Then Jason talks with Rabbi Evan Moffic about where we might be in the business cycle as we continue moving along in the longest economic recovery in recent history. Key Takeaways: [5:47] PBS News Hour story on Paul Volcker [9:10] Reagan's business plan was to put the Soviet Union out of business, and running up the deficit didn't cause the inflation everyone expected [16:42] The next recession will not be real estate led [19:39] The recovery didn't hit "par" from the Great Recession until 2013, so it's not quite so surprising we haven't had a recession in a decade Website: www.JasonHartman.com/Properties Remembering former Fed chair and economic giant Paul Volcker

Jason Hartman starts today's episode from the Ritz-Carlton in Key Biscane, FL. He has created a new ratio for you to think about that can be put alongside the Rent-to-Value Ratio and all the other ones Jason has coined. Then he explores the concept of the unemployment rate versus the labor participation rate, the differences between them and what that means. Then investment counselor Adam joins Jason to discuss a property in Mobile, AL and also to look at the growing wages in specialized blue collar jobs. The two explore how this will impact real estate values and what it could mean to 4 year colleges. Key Takeaways: [5:06] Jason's newest ratio [8:52] Unemployment Rate vs Labor Participation Rate [13:32] The discouraged worker skews unemployment stats [15:02] A property profile in Mobile, AL [18:56] Blue collar wages are enticing people away from 4 year colleges [24:28] How rising blue college wages rising could impact real estate and the cost of repairs to our investment properties Website: www.JasonHartman.com/Properties The Unemployment Rate and the Labor Force Participation Rate Compared in One Minute Is the Unemployment Rate Lying to You?

Jason Hartman starts today's show discussing the level of home flipping that's in the market right now. We're at a 7 year low, which means something in the marketplace today. It's important to accept today's landscape and figure out ways to invest in spite of that. Then Jason talks with Chris Mason, mortgage broker, about what is happening in the mortgage market today, lending standards, and whether we're in danger of seeing another bubble burst. Key Takeaways: [2:47] Home flipping isn't what it used to be, reaching a 7 year low [8:02] We need to accept reality that inventory is tight and properties are more expensive [11:25] The magic 2 words for a landlord Chris Mason Interview: [15:26] What increased loan limits mean for the mortgage market [19:23] Are FICO scores really a good criteria for borrowers? [22:16] Are financing rules getting too liberal again? [26:15] Are interest only loans still available? Website: www.JasonHartman.com/Properties www.EastBayMortgageBroker.com

Today's Flash Back Friday comes from Episode 1009, originally published in June 2018. Jason Hartman talks with Financial Survival Network's founder Kerry Lutz for the whole episode today, as the two discuss the very important concept of financial repression. While financial repression is bad for individuals, it can be very lucrative for people who have invested in real estate properly in their younger years. The two also discuss the current phenomenon of "tax refugees" being created by states like California, and where these refugees are fleeing too, as well as when they expect any economic pullback to happen and what Trump is doing that the mainstream media isn't paying attention to. Key Takeaways: [6:03] Make sure you get a home inspection and make sure you actually read it and learn the language [9:211] What is financial repression? [13:09] Financial repression is a great opportunity for those who invest in real estate [16:45] Tracking the "tax refugees" leaving California [23:16] What kind of economic outlooks has Kerry been hearing from the guests on the Financial Survival Network? [27:14] The mainstream media is missing the fact that Trump is now making large chunks of the government irrelevant Websites: www.JasonHartman.com/Properties www.FinancialSurvivalNetwork.com

Jason Hartman and investment counselor Adam explore the phenomenon of aging homebuyers in this episode before getting to some listener questions. Since the Great Recession the average age of homebuyers has skyrocketed into the upper 40s, about a decade older than it was before. Adam and Jason explore the reasons behind this shift and what it could mean for investors moving forward. Then Jason and Adam answer 2 listener questions, one about Capital Expenditures and one about when NOT to do a 1031 Tax Deferred Exchange. Key Takeaways: [4:16] The median age of homebuyers is now 47 [7:30] The downside of home ownership in this digital nomad society [12:06] The history of homebuyer ages [17:37] Are big CapEx like roofs and HVAC included in the pro forma maintenance percentages? [21:12] Always ask for a Scope of Work prior to entering into a contract [23:16] When shouldn't you do a 1031 Exchange? [27:56] A property profile in Indiana Website: www.JasonHartman.com/Properties

Jason Hartman talks with George Gammon, real estate investor, entrepreneur, investor and TV producer, about what's happening in the repo market and how that impacts the overall economy moving forward. The two address misconceptions about several aspects of investing and whether you should be happy or dismayed about certain aspects of the new Trump tax plan. Key Takeaways: [3:50] Our longevity is going to be greatly changed in the next 20 years George Gammon Interview: [10:50] What is the repo market and why does it matter in the macroeconomic world? [16:30] Money market funds are big players in the repo market [19:05] The only "cheap" investment in today's economy is a 30 year fixed rate mortgage [23:05] The new tax law has changed the way inflation is dealt with, and George doesn't think it'll be good long term Website: www.YouTube.com/GeorgeGammon www.Twitter.com/GeorgeGammon

Paul Volcker, former head of the Federal Reserve, passed away December 8. Jason Hartman takes a look back at some of the biggest moments of Volcker's term and what it meant for the United States. Then Jason talks with Thomas Jones, former vice chairman and director of TIAA-CREF, former Chairman and Chief Executive Officer of Global Investment Management at Citigroup, and former Chairman and Chief Executive Officer of Citigroup Asset Management. He was also the former Vice Chairman of Federal Reserve Bank of New York. Jason and Thomas discuss Thomas' entrance into real estate, why Thomas is so bullish on America long term, and what sets America apart from the rest of the world. Key Takeaways: [3:47] Paul Volcker, the former Fed chair credited with "Breaking the back of inflation" has passed away [6:04] Interest rates in 1980 spiked at over 18%, with inflation at 13% Thomas W Jones Interview: [11:50] Thomas and his bride actually started by bidding on 2 burned out buildings in Boston [17:08] Thomas is perennially bullish long term, so dips in the economy are buying opportunities for him [19:21] The changes on Wall Street over the years [23:30] The most disappointing aspect to the reforms that have been made since the Great Recession [28:39] One of the things that really sets America apart is the excited entrepreneurial spirit [32:55] America faced a metaphorical crossroads in the late 1960s [35:44] Our nation doesn't give itself enough credit for how far we've come, even though we still have a ways to go Website: www.JasonHartman.com/Ask From Willard Straight to Wall Street on Facebook From Willard Straight to Wall Street

Today's episode is Jason Hartman exploring Commandment #3: Thou Shalt Maintain Control a lot deeper. Maintaining control in real estate deals has been discussed quite a bit before, but it's not just real estate where control matters. Jason explores the collapse of Enron and why it was such a surprise and why Commandment #3 is crucial even in those scenarios. Key Takeaways: [4:03] Airbnb hasn't been through a recession yet, so there's a lot that isn't priced in to the market [8:06] The 3 major problems when you give up control in an investment [13:54] The Infographics Show: The Business Deception That Cost $60 Billion [16:59] The phrase "financial innovation" is a red flag when you hear it [23:05] Most companies don't have people inside to pump the brakes, because everyone is incentivized to speak highly and show it in the best possible light [25:26] Derivatives are the thing about the thing, but as an investor you want to be as close to the "thing" as possible Website: www.JasonHartman.com/Ask Jason Hartman Quick Start Podcast The Infographics Show: The Business Deception That Cost $60 Billion

Today's Flash Back Friday comes from Episode 997, originally published in May 2018. Jason Hartman starts off the show with client Doug about portfolio makeovers, why you should stay in the game for the long run, and the fallacy of the passive investment. Doug got out of the real estate business just before the (positive) market correction and missed out on a lot of money. Then, Jason finishes his client case study with Muthiah. This time the two look at the actual process of Muthiah filing a claim against a bad provider and how he was about to get restitution after some avenues had failed. Jason also explains how to get a hold of his Hall of Shame resource list, and why you should file complaints even if they're not likely to help you alone. Key Takeaways: [5:05] There's no such thing as a passive investment, but there are some things that are easier [9:16] If you do the math properly, real estate versus the stock market isn't even a competition [12:15] The problem with being too passive is you don't learn from your successes or failures Muthiah Client Casey Study, Part 2 [20:00] Muthiah has never tried to self manage his current 20 properties [23:00] Want Jason Hartman's Hall of Shame resource list? Fill out any form on JasonHartman.com [25:18] Muthiah's process of filing complaints against the provider [29:48] You're not just filing these complaints for yourself, it's your duty to protect other people Website: www.JasonHartman.com/Properties

Jason Hartman takes a deep, deep dive into Napoleon Hill's work in today's show. We first start off dissecting the ideas that Napoleon brought out in his work Think & Grow Rich. Jason looks at various aspects of the book and how we can use them in our lives today and what power they have when used properly. Then Jason talks with Sharon Lechter, former CEO of Rich Dad & Pay Yourself First and author of Success & Something Greater: Your Magic Key, about her experiences with both the Rich Dad company and the Napoleon Hill Foundation. Sharon provides unique insights into the impact both organizations have had on society today, as well as what she has discovered success means for various people. Key Takeaways: [5:55] There's a lot more fulfillment in life available if we are not completely attached to the outcome [10:22] Specialized knowledge has long been a must for true success [14:49] The power of the mastermind is real and incredible Sharon Lechter Interview: [20:45] Napoleon Hill one of the original self-help authors? [25:00] The different types of success Sharon saw while writing her latest book [27:21] Why the man who sold the patent for the jet ski for $75,000 doesn't regret it Website: www.SharonLechter.com Success and Something Greater: Your Magic Key www.JasonHartman.com/Ask

Jason Hartman begins today's show discussing something he has been promising for a while, which is the P vs PC balance. You can't go full P(production) or full PC (production capacity), you have to find a balance. Just like, as investors, we have to find a balance between action and education. Then we have a clip from one of Jason's speeches at Profits in Paradise where he discusses the 3 forms of power. Key Takeaways: [2:55] Social mobility is still possible but it's harder than ever before [5:49] A clip from the Amazon documentary "Park Avenue: Money, Power and the American Dream" [13:31] The P vs PC balance [19:25] Quit getting ready and go Profits in Paradise Live Clip: [24:04] The 3 forms of power [30:56] Think of ways you can use technology to improve your real estate business Website: www.JasonHartman.com/Properties

Jason Hartman begins today's show with a little good news and a little bad news. Along with that Jason explores the idea of seeing the world in black and white and how getting older helps with that. Then Jason finishes his interview with Ali Wolf, Director of Economic Research at Meyers Research, LLC., regarding what indicators you can expect to be leading and which are likely to be lagging. Some that seem like they could be leading are actually usually lagging and can hurt you if you invest off of them. Ali explains some ways she's been able to potentially see a downturn coming up to 3 years off. Key Takeaways: [9:05] Bad news: More and more businesses are fleeing California [10:20] Good news: homes are finally getting built Ali Wolf, Part 3 [12:56] Consumer confidence, GDP and Non-Farm Payrolls are examples of lagging indicators [17:21] Potential leading indicators that can forecast a downturn years ahead Website: www.MeyersResearchLLC.com www.JasonHartman.com/Properties

Jason Hartman and investment counselor Adam begin today's show discussing two important things for a real estate investor: laws and the future. First off is good news for those investors that are fighting laws that restrict the ability of property owners to run short-term rentals. Then Jason and Adam discuss some good housing news that could lead to a happy 2020 (at least for housing). Then Jason talks to in-house economist Thomas about interest rates. There's been some movement up and some movement down, but Thomas has an opinion on where he thinks rates will go in 2020 and why he believes that. Key Takeaways: [4:17] The City of Austin lost a key case regarding short-term rental laws [9:41] Make sure that you're not investing in a mania when you're looking at short-term rentals, and make sure your portfolio balance reflects that [11:39] There's pre-demand in the housing market right now, which is a good sign for housing in 2020 Jason & Thomas: [17:10] The Fed only indirectly influences mortgage rtes [19:09] Why Thomas believes mortgage rates will go up in 2020 [21:20] The 2 Central Bank forces that will push inflation back up [23:47] Why a $315 billion drop in money supply is important even though it's not much of a percentage of worldwide supply Website: www.JasonHartman.com/Properties www.JasonHartman.com/Ask

Today's Flash Back Friday comes from Episode 994, originally published in May 2018. Jason Hartman wants to prepare you for the coming revolution. The self management revolution is coming, and it's time to see if you're up for the challenge. There are things that you need to do before you take the plunge, and Jason outlines some of them here. Then, Jason talks with CEO of the NHP Foundation, Richard Burns, about the affordable housing crisis in the United States. The current method of creating affordable housing isn't working for anyone, but Richard thinks there's a way that it can be solved that benefits all parties. Key Takeaways: [2:34] The coming revolution of self-management [5:36] Drew's first taste of self-management [7:45] Some steps to take before going full self-management [11:09] Freddie Mac's new program [15:23] Join Jason for his events in Philadelphia and New York, www.JasonHartman.com/Events Richard Burns Interview: [17:45] What solutions are available for affordable housing? [20:38] The two components of real estates value [22:20] We are nowhere near meeting the affordable housing demand, so what do we do? [26:17] Where did the high paying, real careers go that made people end up in careers that were meant to be stop-gap jobs? [28:25] What does Richard's non-profit do? [31:59] Richard's thoughts on rent control [33:51] What the Baby Boomer survey showed Website: www.NHPFoundation.org