Creating Wealth Real Estate Investing with Jason Hartman

On this Thanksgiving Day, Jason makes note on some things he has in his life that he is most thankful for. It's important that we take time to make note of these in our hectic lives. So in today's shortened episode that's exactly what we're doing. Website: www.JasonHartman.com 5 Things You Should Be Grateful For Today!

Jason Hartman and Adam join forces today to discuss a big development in the mortgage market. Fannie Mae/Freddie Mac conforming loan limits are being increased again, this time to over $510,000, which will have substantial impacts on the housing market overall. Later, Adam talks with one of the network lenders about where interest rates are today and what a weakening economy in 2020 might put them in a few months. Key Takeaways: [2:11] Fannie Mae and Freddie Mac are increasing the conforming loan size to over $510,000 [7:03] Conforming loan limit increases generally lead to home price inflation [10:54] The higher loan limit might impact hybrid markets more than cyclical [14:57] Insights from Voxer messages left by listeners [18:33] Technology is increasing the value of our properties Adam Mortgage Minutes: [24:57] Current rates for a $100,000 property with 20 or 25% down [28:22] How might rates react if we see weakening in the economy that some are predicting in 2020? [30:08] Mortgage starts don't seem to be slowing down for investors Website: www.JasonHartman.com/Properties

Jason Hartman has another client case study, this time with 26 year old Jaden Zubal, an associate wealth strategist at Paradigm Life. Jaden started attending events when he was 22 or 23 and recently got into the real estate game by purchasing properties in Jacksonville, FL and Memphis, TN. Jason and Jaden discuss how Jaden decided that new construction was the way for him, what market he likes for his next as he diversifies geographically, and how the 10 Commandments of Real Estate Investing have helped him along the way. Plus, check out the link below and you can get a free audio and digital copy of Heads I Win, Tails You Lose by Pat Donohoe, as well as a complimentary consultation with Jaden. Key Takeaways: [2:45] Good news for Texas property owners [4:42] Housing inventory is even worse than we thought [7:43] The average home listing price in America is $312,000 Jaden Zubal Client Case Study: [10:31] Jaden attended his first Meet the Masters in her early 20s [13:33] Which of Jason's commandments Jaden has found most useful in his investing journey [16:24] The 2 things Jason believes Maslow left out of his hierarchy of needs [18:50] The first 2 tiers of safely growing your money and keeping it protected [23:46] Student loan debt is creating a generation of people feeling pessimistic about their financial future, so what's going to come of them? [26:08] One of the separating elements of Jason's network is the value of the investment counselor [30:12] What changed Jaden's mindset on new properties vs renovated Website: www.ParadigmLife.net/Jaden [email protected] www.JasonHartman.com/Properties

Jason Hartman and Investment Counselor Doug takes today's episode to discuss what's going on with the average FICO score across generations. The average FICO score is not something that Americans can be proud of, but it provides some serious advantages to real estate investors. Then Jason and Doug highlight several Florida properties that are able to cash flow with new construction, which is something that is getting harder and harder to do in today's environment. Florida is becoming a bigger draw to those running away from high tax states, which is driving their real estate market. Key Takeaways: [2:55] FICO scores are low across all generations [6:18] You want a good credit score, not a perfect credit score [10:40] Real estate takes about 8% in transaction costs [16:05] Doug spotlights a Florida property [19:43] Blogcast: How does inflation devour debt? [23:39] Migration of residents will cause a shift in ownership in the old areas [26:47] Real estate markets tend to expand and contract from the top Website: www.JasonHartman.com/Properties

Today's Flash Back Friday comes from Episode 243, originally published in February 2012. Jason Hartman interviews author, former Wall Street senior banker, and best-selling investigative journalist, William (Bill) D. Cohan on the events that led up to the current economic crisis. Bill explains the choices that the big firms, such as Goldman Sachs, JP Morgan, etc, made regarding what type of institution they were going to be, the path of these firms that led up to the current crisis, and how they used the bailout money gifted to them. He said it was one big party on Wall Street, during which brokers were to bring in revenue using a lot of whacky products, until everything came crashing down. Huge bonuses were paid out from the revenue collected from unsuspecting clients. Bill and Jason also discuss the Occupy Wall Street Movement. Bill expressed disappointment in the message of the movement, saying it isn't clear and they need to learn how Wall Street really works so that they can be more effective in bringing about reform. Wall Street has been influencing what goes on in Washington and paying lobbyists and donating to congressional coffers so that they can get the regulations, or lack thereof, that they want, i.e. the Dodd-Frank Wall Street Reform and Consumer Protection Act. Bill talks about how the expansion of Wall Street into Middle Class America was not an accident, using the example of Merrill Lynch being a public company. This ultimately led to broken trust between Wall Street and Main Street, as people have now shied away from risk taking. To solve the problems, Bill suggests changing the incentive system on Wall Street, in that it can no longer be okay to take huge risks with people's money or get paid big bonuses whether they lose money for the firms or not, as well as going back to having to use their partner's capital to operate. William D. Cohan offers audiences a unique, close-up perspective of the greatest financial crisis since the Great Depression. He combines deep knowledge of the investment banking world with the fine storytelling skills of an award-winning investigative journalist. Website: www.WilliamCohan.com

After his intro discussing getting the money thing out of the way in pursuing your life and the difference between law and ethics, Jason Hartman talks with Stephen Davis, author of Truthteller: An Investigative Reporter's Journey Through the World of Truth Prevention, Fake News and Conspiracy Theories, about the prevalence of fake news online and in every form of media. The two try to find ways to combat the issue head on and what the average person can do today (and in the future) to avoid being fooled. Key Takeaways: [6:34] Get the money thing out of your way Stephen Davis Interview: [12:32] It's easier now than ever before for governments to lie to you and get away with scandals [14:36] Fake news travels faster than truth on Twitter [17:40] If you want good, investigative journalism, you're going to have to pay for it [23:45] We need to stop letting companies like Facebook and Google escape the responsibility that media outlets have [30:10] How governments deceive you [36:21] Dealing with fake reviews on sites Website: www.StephenDavisWriter.com www.JasonHartman.com/Properties

Jason Hartman and one of the network's Florida market specialists discuss the Jacksonville market and what kind of housing is currently available. The two break down a pro forma for one of the available new construction properties and examine why Florida has become such a hot spot for people fleeing both the East and West coast states. Then we have a segment from Real Data founder and president Frank Gallinelli about financial terminology. It's important when reading pro formas and doing your due diligence that you know what these metrics are. Frank breaks it down so that you're prepared when you go into your next property. Key Takeaways: [4:28] Florida is now drawing people from the East and West coast [6:28] Jacksonville market profile [10:27] Examining a pro forma of one of the new construction properties available in Florida [13:00] There are a couple properties available that you could take advantage of in a 1031 exchange [15:53] People are moving to Jacksonville to be near St Augustine, which is the 2nd busiest place for tourists in Florida behind Disneyworld [18:24] Frank Gallinelli on financial terminology Website: www.JasonHartman.com/Properties www.RealData.com

Jason Hartman starts today's show discussing how it's possible that low interest rates can be used as financial repression tool even though it seems like a good thing at first glance. He also explores an article highlighting affordability issues across the nation and how it's impacting markets that Jason's investors bought homes in prior to the runup. Then Jason talks with Peter Hirshberg, founder of Maker City® Project and CEO and co-founder of Lighthouse.one, about Opportunity Zones and how they work with constructing cities. Jason and Peter explore how the incentives were created and why they are crucial to the success of projects like Opportunity Zones. Key Takeaways: [3:47] Part of financial repression is low interest rates [7:42] Affordability is becoming more and more of an issue across the US, including some where investors used to be able to get reasonable properties [10:05] The Water Theory of money Peter Hirshberg Interview: [14:43] Economic reinvention is a bottom up thing as people found what they were good at and innovators moved into the city [18:55] Why you have to create incentives like those the Opportunity Zone offers [22:57] Why real estate matters Website: www.Lighthouse.one www.JasonHartman.com/Properties 'Their house is on fire': the pension crisis sweeping the world Housing in these cities may become unaffordable by 2028

Jason Hartman and real estate attorney Bob start today's show discussing the importance of taxes and how they can seriously impact your real estate investing journey throughout your life. They also discuss what makes a good investor and the direction of law when it comes to real estate. Then Jason talks with Steve Glickman, Senior Economic Advisor to President Barack Obama and chief architect of the Opportunity Zone project, about how the Opportunity Zone system works, the definition of an Opportunity Zone and what benefits the program provides for real estate investors. Key Takeaways: [4:33] The multiplier effect of moving to a place where your money is treated better [9:37] Jason's prediction for the next thing landlords will be held accountable for under the law [15:50] What good, talented lawyers for commercial properties always do [19:18] Good investors act, but only because the deal is good, not because they have the money [23:27] Taxes are like reverse amortization [26:02] High taxes encourage bad investments Steve Glickman Interview: [28:14] There are now 8.766 Opportunity Zones across the US [32:31] There are about 300 Opportunity Zone funds targeting $65 billion and have raised about 15% so far. How big is this expected to get? [35:28] The 2 big factors in why zone based programs become unsuccessful [37:16] What is the Opportunity Zone program? [40:23] Will Opportunity Zones exacerbate gentrification? Website: www.Lighthouse.one www.JasonHartman.com/Properties

Today's Flash Back Friday comes from Episode 983, originally published in April 2018. Jason Hartman takes a victorious look at a recent Wall Street Journal story declaring that more people are viewing renting as a long-term solution to their housing situation. That is FANTASTIC news for landlords, and will put the upward pressure on rent that every investor wants. Jason also gives a few travel hacks for going on a trip to multiple climates, and includes another market profile from producer Adam, this time on the Indianapolis market. Key Takeaways: [2:25] The next decade of being a landlord is going to be amazing [7:05] More and more people are seeing renting as a long term housing solution [10:56] Jason's travel hacking tips for going on a multi-dimensional weather trip [14:57] Indianapolis Market Profile Website: www.JasonHartman.com

Jason Hartman and Rabbi Evan Moffic start off today's show discussing the major issue of senior housing. It's quite possible that it's been overbuilt and Jason and Evan discuss how you as an investor can take advantage of the aging at home trend. Then we have a second part of Jason's extended interview with Ali Wolf, Director of Economic Research at Meyers Research, LLC., about wage growth, inflation, home appreciation and why interest rates have created some of the bubble that we find ourselves in. Key Takeaways: [4:27] Senior housing may have been way overbuilt [10:45] One of the biggest miscalculations with senior housing was that they thought 65 would remain "old" [13:04] The way to take advantage, as an investor, of the increase in elderly people staying in homes then make sure you're including single story properties in your portfolio [18:41] Jason's prediction on the future of Uber/Lyft/etc drivers Ali Wolf Interview: [20:26] Collective wage growth since 2015 is 13%, but inflation and home prices have gone up 25%, causing a widening gap [24:51] Appreciation has slowed in most markets to the 2-3% range [29:16] The only 2 markets that have seen have a lot of growth in sales in the past 2 years are Indianapolis and Phoenix [32:01] Ali thinks the next downturn could be caused by a "Fed Induced Bubble" Website: www.MeyersResearchLLC.com www.JasonHartman.com/Properties

Jason Hartman talks with Brian Beaulieu, author of Prosperity in the Age of Decline and CEO of ITR Economics, about what's really going on in our economy right now. It's not as doom and gloom as some people have made it out to be, and it wasn't so a few years back. Brian explains what indicators you should really be paying attention to and what's coming up in 2020 as well. Key Takeaways: [3:45] We have a duty to hold people accountable and not accept bad behavior [5:11] Big happenings with the NAR that's going to change the market [10:37] A testimonial that didn't seem like one to start Brian Beaulieu Interview: [15:52] What is the next cycle going to be? [19:05] The G7 leading indicator is something you should be watching [23:34] The peculiarity of the trade tariffs that have been imposed [26:44] Globalization is under severe negative pressure Website: www.ITREconomics.com

You've been hearing for a while about how Jason's not a huge fan of Opportunity Zones, worried that they're overhyped. Well, today Jason Hartman talks with Eric Willett, Vice President at RCLCO, about what aspects of Opportunity Zones might be superfluous and how the real estate industry is reacting to the investment opportunity. Key Takeaways: [5:53] We still have no idea the impact/ramifications of Opportunity Zones, but we're already seeing gentrification coming from it [9:15] One of the big criticisms about Opportunity Zones is that many of them no longer need the designation due to investments that have already occurred [13:09] The unintended consequences of Opportunity Zones [17:27] How the gentrification index works [22:57] The current state of multifamily housing Website: www.JasonHartman.com/Properties www.RCLCO.com

On this Veterans Day, Jason Hartman and Adam start today's episode discussing the history of the holiday, the 30th anniversary of the fall of the Berlin Wall, and, most important to real estate, the importance of due diligence (and the importance of questioning your own due diligence). Then Jason talks with Patrick Boyaggi, CEO and co-founder of Own Up. Patrick and his company have a new mortgage model that can avoid hard credit inquiries that might aid investors looking for a loan but worried about their credit score. Key Takeaways: [5:50] Jason's previous experiences at the Berlin Wall [11:16] Advice on what to do after you do your due diligence on a property [17:11] Near death experience and a criminals attempt to exploit it Patrick Boyaggi Interview: [21:46] Can rates stay low? [26:24] Using Patrick's mortgage product doesn't give your credit a hard hit, how do they manage that? [30:59] The impact of soft inquiries on your credit score Website: www.JasonHartman.com/Properties www.OwnUp.com

Today's Flash Back Friday comes from Episode 913, originally published in November 2017. Jason Hartman starts off the show talking with Elisabeth Embry about how she makes her 5-year plans, and why it's important. Then, Jason continues his conversation with former Congressman Dr. Ron Paul. The two finish up their talk by looking at why the government thinks they're the best option for many aspects in our lives, what would happen if the government got out of the way and prices reverted to normal rather than the distorted view we're getting today, and why we shouldn't expect to see inflation curbed in the near future (or ever more likely). Key Takeaways: [4:13] How Elisabeth, and her husband, take the time to put pen to paper and come up with their 5-year plan [7:15] We tend to not put much emotion into our investing victories, which can make us only remember the negatives [10:46] Planning your journey using the Amazon Press Release method [14:37] Take stock of your resources, you probably have more than you realize Ron Paul Interview, Part 2: [18:50] What business is it of the government to involve themselves in so many aspects of our lives? [21:11] Many governmental programs have distorted markets like student loans and housing markets [25:28] Distorted prices and manipulating the currency and tax codes makes people worry about gaining the best tax advantage rather than getting the highest return or providing the most value [28:42] Inflation, from the government and central bank point of view, seems to be a great business plan Websites: www.RonPaulLibertyReport.com

Before launching into his off-topic 10th episode show, Jason Hartman takes a minute to discuss a topic of real estate interest: the lack of homes available to homebuyers with a price point below $250,000. Then Jason talks with Sharyl Attkisson, host of Sinclair Sundays, former CBS anchor and author of Stonewalled: My Fight for Truth Against the Forces of Obstruction, Intimidation, and Harassment in Obama's Washington, about today's atmosphere of fake news, online bullying and defamation, and how we can possibly combat them. Key Takeaways: [4:17] Homes below 250k are starting to become extinct Sharyl Attkisson Interview: [9:50] With just a few Twitter accounts, smear operators can start an entire movement [14:32] How do we reconcile a free but credible press when there are so many anonymous sources today? [20:44] Journalists use to keep their political opinions to themselves, but now they're almost rewarded for it [25:51] What should we make of the big tech companies censorship? Website: www.SharylAttkisson.com www.GAB.com www.FullMeasure.news

Jason Hartman reiterates the importance of Commandment #3 to start off today's episode: Thou Shalt Maintain Control!!! At his mastermind event he was pitched a syndication deal that reminded him how you can invest in deals that could make money but still come out behind when you compare it to other possibilites. While discussing investing in funds/syndications, he also delves into the principal of character vs personality. When you're investing, it's important to look past most of the personality and focus on character or you could end up looking at a horrible result. Key Takeaways: [4:37] A syndication deal Jason recently was pitched [7:01] You shouldn't be happy just because you made some money. [9:50] The Personality Ethic vs the Character Ethic [18:35] Is California a 3rd World State? [24:13] Why you should care about California's demise even if you don't live in that state or even country [32:14] The people in charge are distracting us so they can do what they want behind the scenes Website: www.JasonHartman.com/Ask www.JasonHartman.com/Properties

Jason Hartman starts today's show discussing the importance of finding a group that brings out the best you possible. Sometimes that can cost a lot of money, sometimes it doesn't. Then Jason explores another story that illustrates the importance of Commandment #3. Then Jason talks with Ali Wolf, Director of Economic Research at Meyers Research, LLC. Ali and Jason explore which indicators are important and which ones are just smoke and mirrors when you're examining housing markets and markets in general. No surprise, some of the big ones you hear about in the news aren't the most helpful. Key Takeaways: [4:24] The value of a network [6:44] Jason's gotten back into Tabatta Pro [10:15] Under Armour is coming under investigation Ali Wolf Interview: [17:30] What indicators you should pay attention to and which you should ignore as an investor [20:19] Wages in the US are going up, but wage growth minus inflation still doesn't give people a big enough raise to keep up [24:58] Even with the bad things that are happening we're still in positive growth Websites: www.MeyersResearchLLC.com www.JasonHartman.com/Properties

Jason Hartman and Investment Counselor Doug take a look at the danger of manias, especially when it comes to investing in startup companies (like WeWork). It's easy to get caught up in rising valuations and the like, but it's also easy to lose a whole lot doing so. Jason and Doug then discuss the Wealth Simulation exercise that was held at Profits in Paradise, including lessons learned about the method of building your portfolio that will set you up for the greatest wealth. Key Takeaways: [4:22] WeWork is a great example of why you should follow Commandment 21: Thou Shalt Avoid Manias [9:17] Don't fall for the company line of how they're going to change the world. Voluntary exchange with a company changes the world on its own [12:24] Don't be fooled by the resume or the amount of money that's being pumped into a company when making investment decisions [13:57] Blogcast: Housing vs Shelter [21:22] How the Wealth Simulation exercise worked [25:23] One of the top strategies in the wealth simulation game was a mixture of linear and hybrid markets so you could take advantage of cash flow and appreciation [31:35] You don't have to have too many properties before you're at the point where you're dealing with the law of large numbers Website: www.JasonHartman.com/Properties

Today's Flash Back Friday comes from Episode 912, originally published in November 2017. Jason Hartman kicks off today's episode with a look at Daren Blomquist's latest Housing Report and breaks it down piece by piece. He examines the data about a long-time low in housing starts, a construction worker shortage, and an investors lament. Then, Jason introduces his guest, and Meet the Masters headline speaker, former Senator Dr. Ron Paul. The two examine what liberty really means, what governments role actually is, the damage our educational system is doing to our society, and what should be done with the federal income tax. Part 2 of Dr. Ron Paul's interview will be aired on Wednesday. Key Takeaways: [3:50] Daren Blomquist, with ATTOM Data, has released his lastest Housing Report that examines the topic of bubble markets [8:16] The construction void: lowest home starts since 1964 [13:16] The idea of a bubble warning [17:04] When Jason didn't buy mobile home parks, an investors lament [20:18] A huge labor shortage in the construction industry [22:05] Don't forget to make your 5 year plan Ron Paul Interview: [24:01] What is the meaning of liberty, according to Ron Paul? [28:50] How do you draw the line about what the government should be involved in? [32:20] Ron Paul's liberty amendment to end income tax [35:58] Progressive education has harmed our nation Websites: www.RonPaulLibertyReport.com

Jason Hartman talks rent control today, both in his intro discussing the upcoming deadline for California's state wide rent control, and with Paul J Massey, former mayorial candidate for New York City and CEO of B6 Real Estate Advisors, as the two discuss the impact rent control is having on the real estate market in New York City. Cap rates aren't terrible for multifamily at the moment, but nobody knows what the future of their property is, so it's holding things back quite a bit. Key Takeaways: [3:19] LA City Council recently decided that landlords are required to let current tenants renew their lease [11:22] US housing affordability woes causing migrations Paul Massey Interview: [18:24] Luxury homes and condominiums have been overbuilt in New York City [21:31] What are the reasons rent control is being done? [25:14] Paul's real estate journey in New York City [27:26] Cap rates available in New York City Website: www.JasonHartman.com/Properties www.B6RealEstate.com

Jason Hartman and Adam begin today's show discussing Jason's first car and how he recently adjusted the price of his old cars to inflation. They also discuss what's going to happen to McMansions with the new generations coming and the impact of declining HELOC activity. Then Jason finishes his talk with Jeff Fromm, the Millennial Marketing Guy, about Gen Z & Y. While the two generations are close in age, they are incredibly different when it comes to advertising and habits, so it's crucial that you understand the difference in the two. Key Takeaways: [3:57] Adjusting things for inflation makes a world of difference when comparing [7:46] The generation that's willing to give up the most to buy a home is Gen Z [10:48] McMansions and Millennials [14:03] HELOC activity being lower is a good thing for housing market stability [17:36] The importance of skin in the game Jeff Fromm, Part 2 [18:33] Gen Z and Y both like to be involved with companies that support their causes, but there are some differences [22:42] Will the Millennials and Gen Zers have interest in the McMansions that were built? Website: www.JasonHartman.com/Properties

Jason Hartman starts today's episode discussing improved home purchasing power for consumers. Shifts in median mortgage payments has created opportunities for buyers and investors. Then we have the first part of Jason's talk with Jeff Fromm, the Millennial Marketing Guy, about the differences between Gen Y and Gen Z. While the two generations are close in age, they are incredibly different when it comes to advertising and habits, so it's crucial that you understand the difference in the two. Key Takeaways: [4:24] The coming McMansion issue [7:06] One of the High 5 metrics Jason looks at is the median mortgage payment [11:35] Home prices are actually 42% below their 2006 peak when factoring in consumer house buying power Jeff Fromm Interview, Part 1: [20:35] Gen Z are NOT Millennials to the 2nd degree. They're more like Gen X [24:07] Some of the big differences between Gen Y and Gen Z Website: www.JasonHartman.com/Properties www.JeffFromm.com

From poolside at their luxurious resort in Orlando, Jason and his mom take a look back at the weekend to examine what all they learned during Profits in Paradise. The two discuss the high quality of construction being done by the team in Florida, what they learned about their real estate business and takeaways from the Wealth Simulation game Doug ran. Key Takeaways: [5:20] The tools we have available for our real estate business can make us a lot more money than we could otherwise [8:36] Jason's mom absolutely loved the single family new construction first impression during the Friday property tour [14:11] James Malinchak's speeches reminded Jason's mom that you can often learn more things from your failures than successes [18:37] As real estate investors we're running Invisible Organizations [21:48] Mitch Russo's girlfriends letter to Jason about Profits in Paradise Website: www.JasonHartman.com/Properties

Today's Flash Back Friday comes from Episode 948, originally published in January 2018. Jason Hartman finishes up his conversation about asset protection with Garrett Sutton. The two delve into the external threats to your portfolios this time, looking at how to properly protect your properties if lawsuits come toward you. Garrett also explains when you would want to take an LLC over a corporation, what states are best for protecting you, what actions are being taken to weaken LLCs across the nation, and why doing more than the law stipulates can be a very good, very easy thing. Key Takeaways: [2:38] Photos from Meet the Masters are up at www.JasonHartman.com/Photos Garrett Sutton Interview: [7:31] Two areas where Jason sees real estate creating liabilities for the owner: fair housing and safety [11:47] The external threat is the biggest threat for your assets [13:47] Breaking down Slide #6 [17:54] What you need when you domesticate a judgement [20:02] It's a good idea to have yearly meetings for your LLC even if your state doesn't require it [22:13] States that have good asset protection for LLCs and corporations [24:21] Why an LLC over a Corporation [27:59] Some states are not providing asset protection for single member LLCs [31:59] Garrett's $100 off deal for Jason's listeners Website: Get Garrett Sutton's Slides here www.JasonHartman.com/Properties www.CorporateDirect.com

In this off-topic 10th episode, Jason Hartman spends some time analyzing the power of the brain and what our brain does to protect ourselves and allow us to function in our day to day life. He also lays down a challenge for all listeners in order to figure out what's important to us all. Then Jason talks with Lawrence Susskind, Ford Professor of Environmental & Urban Planning at MIT and Vice-Chair of the Program on Negotiation at Harvard Law School and author of Entrepreneurial Negotiation: Understanding and Managing The Relationships That Determine Your Entrepreneurial Success, about what urban development means in today's age and ideas coming up that can help alleviate many of our city's difficulties. Jason and Lawrence also discuss the importance of negotiation and the mindset you must have whenever you enter into them. Many people's attitudes these days are skewed toward doing what's best for themselves, and Lawrence explains why that's wrong and why the methods we're trying to use for negotiations are all wrong. Key Takeaways: [4:25] Always be trying to strengthen your attention muscle [7:15] Our brains are phenomenal at denying we're going to die, which allows us to function [13:59] Jason actually did an assignment that a professor gave in the 1988 movie Cocktail [19:20] What if we embraced life and brought our A game every day rather than thinking death was some thing way off we don't need to worry about? Lawrence Susskind Interview: [24:05] The art of urban planning and its changing nature [27:06] Cities are going through a process of change and we're likely to see big cities continuing to spread rather than becoming denser [32:09] Some ideas for the future on how to reduce or eliminate traffic [36:47] The single most important thing to becoming a better negotiator [41:49] You need to know the other party's options so that you can know where you stand in negotiations [45:42] How negotiation can make you a better leader [50:10] We need to stop thinking that text based communication can be a way to run a business Website: www.EntrepreneurialNegotiation.com www.LawrenceSusskind.mit.edu www.JasonHartman.com/Properties

Jason Hartman and Adam come together to discuss an article from the Drudge Report about the big cities losing workers by the hundreds, as well as a Business Insider article looking at the number of Millennial Millaires and where they're located around the country. Jason and Adam explore what these trends and stats mean to real estate values and what real estate investors can do with that information. Plus, Jason brings an unbelievable property to the show for you, what's the catch??? Key Takeaways: [2:55] Big name cities are losing people in the 150-300 per day range [6:39] A mass exodus to rural areas needs companies to embrace 100% remote working at a higher level [10:19] A property comparison [17:55] Don't just pay things because someone sends you an invoice. Make sure it's legitimate and the best price possible [24:49] Where are the Millennial Millionaires and what's their wealth worth? Website: www.JasonHartmanLive.com www.JasonHartman.com/Properties Drudge Report: Biggest Cities Losing Workers Business Insider: Top 10 States Where Millennial Millionaires Live

Today Jason Hartman examines Chapter 17 of Charles Murray's book, Coming Apart, and explores why it's so important that we face struggles and adversity in our life. Working for things and fighting battles is what makes things worth living, what keeps life interesting. Being handed things doesn't make life better, it makes it boring. Key Takeaways: [3:51] The challenges and struggles we experience aren't bad, they're good [12:31] If you want to build a great real estate portfolio, climb the corporate ladder, anything, you need to fight some battles [15:56] Some recommended authors for your education [20:10] People have compared the US to the Roman Empire, and it's important to remember that Rome collapsed from within [27:06] Not having to work for things makes life boring and can tear you apart [32:49] The more we rely on the government the worse our life gets Website: www.JasonHartman.com

Jason Hartman and Adam begin today's episode discussing the topic of the graying of America, and what the increasing demographic of people over the age of 80 means to real estate investors. Then Jason talks with Daniel Ameduri, co-founder of Future Money Trends newsletter and author of Don't Save For Retirement: A Millennial's Guide to Financial Freedom, about how the working environment has changed from the Baby Boomers to Millennials and how the Millennial generation need to change their mindset about retirement in order to not be left behind when they're ready to leave the rat race. Key Takeaways: [5:52] How a cruise ship is a metaphor for life [9:55] 18 million adults in the US will be in their 80s in the next decade [12:23] The cost of construction could drive the elderly out of their homes if they need to renovate for their lifestyle Daniel Ameduri Interview: [18:55] What does Daniel mean when he tells people not to save for retirement??? [23:09] Beware financial advisers, there's more education required to be a hair stylist [27:52] Millennials should embrace the freelance economy [32:10] Daniel is seeing boom time for the next year Website: www.JasonHartmanLive.com www.FutureMoneyTrends.com/Save

Today's Flash Back Friday comes from Episode 947, originally published in January 2018. Jason Hartman wanted to make sure that the practice of asset protection is understood by every investor, because it can make or break your portfolio if done wrong. As such, he invited Rich Dad Advisor Garrett Sutton back on the show for a long, in-depth interview. We'll finish it up tomorrow with the second half, but today the two discuss the inside/outside attack on LLCs, discuss which states have weak and strong LLC protections, and how to protect your properties properly. Key Takeaways: [4:26] The impact of controlling the money [7:58] How music has impacted societies around the world [10:43] Want to go to the Icehotel in Sweden with Jason? [13:11] The inside attack versus the outside attack [16:54] California has the weakest asset protection laws in the union [19:00] Why Wyoming LLCs can protect your other LLCs better than any other state [23:34] If you have your state LLC inside a Wyoming LLC domesticated in your state, which state rules apply? [25:44] Why is it called an "Armor 8" strategy and when is it a good choice? [30:37] How the Wyoming LLC provided a win for a car wreck causer Website: Get Garrett Sutton's Slides here

Jason Hartman talks with client Sean Carroll about the journey he's had with real estate. From starting out as an agent in New York before the Great Recession to losing every penny he had, Sean now has a portfolio of properties that is allowing him to be in the career he wants to be in. Jason and Sean explore Sean's best and worst decisions in order to help you stay on a safe, profitable path. Key Takeaways: [4:04] How Sean lost BIG during the Great Recession [8:53] The deal that truly put Sean under [13:49] The system is set up to create asset inflation [16:24] The owner of a home Sean sold in 2006 is still $70,000 underwater [21:26] Stop calling things problems and start calling them challenges [25:35] Apps, tools, tips Sean has for investors Website: www.JasonHartmanLive.com www.JasonHartman.com/Properties

From St. John, New Brunswick, Canada, Jason Hartman looks at 2 news articles that should make real estate investors pretty happy. They're about how even high earners aren't able to buy homes right now (giving us a bigger renter pool to serve) and how the refinance market has skyrocketed and how you can take advantage of it. Then Jason talks with Andres Pira, CEO of Blue Horizon Developments, Managing Director of Phuket Condos & Homes and author of the book Homeless to Billionaire – The 18 Principles of Wealth Attraction and Creating Unlimited Opportunity, about his journey through real estate investing and how he reached this point in his career. Andres explains the importance of giving before expecting and how that will help you succeed in business and life. Key Takeaways: [5:03] People making $100,000 a year still can't buy homes in many American cities [9:16] Refinancing is up 300% due to low interest rates Andres Pira Interview: [13:29] Andres' path through the real estate world [17:48] You have to take risks in life, so just make sure you consider the worst case scenario and whether you can bounce back from it [21:21] Vibrational giving: give out first, then good things will come later [26:31] Stop trying to win deals and make them win-win Website: www.JasonHartmanLive.com www.AndresPira.com

Jason Hartman, from just outside the shores of Boston, takes a dive into the extent to which the idea of fiat currency has spread throughout the country's conscience in the past few years. Several years ago you wouldn't have heard a peep about it, but with the rise of cryptocurrency it's become more and more prevalent. He also explores Orlando's position in the rental market and how long properties are staying on the market. Then we go to a clip from the 2018 Meet the Masters of Income Property, where Jason discusses how his prediction of 6 million new renters came more than true. Key Takeaways: [4:23] Fiat money is becoming more and more understood by society at large [9:39] Money is moving out of stocks in the largest quantity in the last decade 2018 Meet the Masters: [18:00] The belief that the decline in home ownership rate is a tragedy for society is unfounded [24:20] Eventually Millennials will start inheriting money and that will impact the housing market Website: www.JasonHartmanLive.com www.JasonHartman.com/Properties

From the Fall Foliage cruise, Jason Hartman begins today's show discussing what we don't see when we look at successful people. We don't see the struggles they've dealt with on the way to the success we now see. Then Jason talks with Spencer Burleigh, co-founder of www.RentTheBackyard.com. Spencer's company will build a unit on your land, list it online and split the rental profits with you 50/50 as long as you have an area at least 25' by 20' clear and you live in your home most of the year. Listen in as Jason and Spencer discuss the business model and how you can take advantage of it. Key Takeaways: [6:49] Anybody who is successful, we either don't realize or we forget that their success, but they've fought battles all the way [13:10] A Nelson Mandela quote that you need to remember Spencer Burleigh Interview: [15:35] What problem is Rent the Backyard addressing? [20:30] Rent the Backyard is able to create a second dwelling on the property without getting the land rezoned [25:06] The stigma behind manufactured housing needs to go away, but it also needs to get cheaper [28:38] The income side of Rent the Backyard's business model Website: www.RentTheBackyard.com

Today's Flash Back Friday comes from Episode 1019, originally published in June 2018. Jason Hartman has a solo episode today as he explores some recent news stories and examines a few items of the day. Venturing all over the topics, Jason mulls over why it's pretty common for the most popular economists to have the worst economic ideas (a la Karl Marx) and why the best economic ideas have the most disliked economists. Which leads to the question, what stupid ideas are we as a society embracing today? He also discusses the Supreme Court ruling that will somewhat level the field of retail as online retailers are now able to be taxed by the states, giving at least some form of a light at the end of the tunnel for retailers. Other topics of the day include the cost of terrorist protection, technology vs inflation, preventing identity theft, and the potential beginning of the demise of a massively overvalued (in Jason's mind) company. Key Takeaways: [4:54] The economists who present the best economic views are not the most popular [7:39] What totally stupid ideas are we embracing as a society today? [13:08] One massively overvalued publicly traded company today [16:39] The tax field was significantly leveled last week [21:14] The battling forces of inflation and technology [24:22] Why you need to shred EVERYTHING with a cross cut shredder [26:45] If you can geoarbitrage, make a conscious choice to live in a higher quality location with a lower cost of living and low or no state income tax [32:57] The demographics coming at the rental housing market in the next 10 years are nothing short of phenomenal Website: www.JasonHartman.com/Properties

Jason Hartman begins today's show discussing some potential signs that inflation isn't currently a problem, his recent settlement he received from a landlord and what you can expect from business deals in today's environment. Then, for our off-topic 10th show interview, Jason talks with Graham Hancock, author of the new book America Before: The Key to Earth's Lost Civilization, as well as the best selling book Fingerprints of the Gods: The Evidence for Earth's Lost Civilization, about why the Americas were probably settled long before we originally thought they were. The two also delve into the idea that past civilizations were much more advanced technologically than we give them credit for, their technology was just different from ours so we tend to discount it. Key Takeaways: [4:28] The Producer Price Index has fallen, which suggests inflation is tame [6:35] Jason's recent settlement with a landlord [11:12] When you get in a business deal, don't expect to be able to hold people accountable through the system [14:19] Corporate pensions are underfunded and a huge risk to rely on Graham Hancock Interview: [19:15] A massive cataclysm struck the earth between 12,800 - 11,600 years ago [22:38] It's distinctly possible that the lost civilization was advanced technologically, just in a different way than we currently are [25:21] The Great Pyramid shows us that whoever built it had a complete knowledge of the size and nature of the Earth [28:48] The problem with American archaeologists' Clovis First model [33:45] It's human nature to not want to admit you were wrong, but in the end the evidence will force people to accept new theories that are shown to be correct Website: www.JasonHartmanLive.com www.JasonHartman.com/Properties www.GrahamHancock.com

Jason Hartman discusses something he has talked about many times today, and that is the value of a dollar. To do so he breaks down a YouTube video by the Wall Street Journal that discusses inflation and what scares the Fed when it comes to it. Then Jason and Investment Counselor Carrie discuss her recent mini-property tour with investors and the upcoming property tour in Florida the day before Profits in Paradise. Key Takeaways: [4:37] Is capital or labor more important [7:47] Low inflation or even deflation can have disasterous consequences [12:59] When rates are low, more people take out credit, and credit is a phantom version of money supply [17:32] Inflation arbitrage can't last forever Jason & Carrie: [23:43] How Carrie's mini-property tour went [26:50] The Refi Til Ya Die plan in today's market [31:15] We're in an environment where you can just ask your lender for a better interest rate and it can work without a refinance [32:27] Inventory is finally starting to pick up Website: www.JasonHartmanLive.com www.JasonHartman.com/Properties Low Inflation Haunts the Fed: Here's Why | WSJ

Jason Hartman and Investment Counselor Adam take today's episode to examine a real estate scam that is finally being investigated by the FTC that has been used to defraud untold number of people out of tens of thousands of dollars each. These criminals might finally be held accountable. After that Jason and Adam examine Dan Ariely's YouTube video about how to make money less abstract and why the idea of paying yourself first is so important. They then wrap up the episode with some great economic news for our tenants that neither side of the political aisle is talking about. Key Takeaways: [4:07] The FTC is examining alleged scams with TV stars from shows about flipping [9:33] Be wary of free events [13:20] How to compare your money [16:22] Create your own hedonic values when it comes to your money [18:18] Pay yourself first is an important concept for our lives [20:55] The Pain of Paying concept [27:40] The wage growth story that neither political party wants to take credit for [31:27] The theory of anti-fragility Website: www.JasonHartmanLive.com www.JasonHartman.com/Properties Dan Ariely's Making Money Less Abstract

Jason Hartman and Investment Counselor Sara talk about some of the issues that clients are dealing with and considering in today's episode. With rates as low as they've been in years and the ability to refinance or get a line of credit at reasonable rates, what is an investor to do? Key Takeaways: [3:40] Non-refi interest rate reductions are happening, so don't be afraid to ask [7:31] Refi a 30 year fixed rate or do a HELOC? [12:17] A look back at "Go Zones" and what some of the problems were [21:35] The current investor vibe Website: www.JasonHartmanLive.com www.JasonHartman.com/Properties

Jason Hartman joins Investment Counselor Sara and one of the Florida market specialists to discuss the upcoming Profits in Paradise event and the Florida property tour the Friday before the event. Prior to the Great Recession, the network dealt exclusively with new construction. Now it's a rarity, but Florida (and Atlanta) is able to provide that right now. New construction allows for win-win-win situations between investors, developers, and tenants. Website: www.JasonHartmanLive.com

Today's Flash Back Friday comes from Episode 995, originally published in May 2018. Today's episode is another in property management education. It's crucial that you identify the weak link in all your investments, as well as figuring out a safeguard against them. When it comes to your real estate investing, it's quite possible that your weak link is your property manager. After his intro, Jason Hartman has part 1 of a client case study with Muthiah where the two discuss an incident Muthiah recently had with a vendor, and what actions you can take when you're being wronged. Key Takeaways: [5:25] Cutting out the middle men - property managers [9:08] One of the best decisions Jason made when he got into the nationwide real estate business 14 years ago [13:09] Looking for the weakest link in your investments [17:30] Jason's been accused of being a complainer, but is that such a bad thing? Complainers change the world Muthiah Client Case Study: [22:27] What happened to Muthiah that created tension with the seller [24:55] If the seller wants to close before the repairs are completed, the only way you accept is if they have money held in escrow in case they don't do what they promised [28:00] The two ends of the company spectrum [30:51] What Jason wants you to negotiate with your property management contract [34:52] The inherent conflict of interest with property managers Website: www.JasonHartman.com/Events

Jason Hartman and investment counselor Adam take a look at some good news in today's economy. Home prices are expected to continue, mortgages are safer than ever, and jobs are increasing for all. They also look at some not so good news, from foreign money leaving the economy to the high income tax state apocalypse. Key Takeaways: [2:56] CoreLogic expects home price gains to accelerate through 2020 and mortgage rates are expected to stay below 4% [7:53] Mortgage default risk continues to decrease [11:43] Inflation in entertainment has been enormous, watch out for how pooled money asset companies use their money to pay for it [17:10] The high income tax state apocalypse is underway [21:23] Foreign money has helped push out middle class people [27:02] Some great news on jobs Website: www.JasonHartmanLive.com

Jason Hartman wants to remind everyone to slow down and notice the things around you in life. Before getting to the main interview, Jason reflects on a country song he almost didn't listen to this morning and how it made him do a little introspection. Then Jason talks with Hernando De Soto, founder and President of the Institute for Liberty and Democracy and author of The Mystery of Capital:, about the elements of capitalism that are most important and how property rights are absolutely essential. They also discuss the growing sentiment toward socialism in the United States and what impact that could have. Key Takeaways: [6:12] Jason's lesson from a country song [9:42] There will be an offering for tickets to the property tour on Friday before Profits in Paradise if you can only make that Hernando de Soto Interview: [12:56] The 5 mysteries of capital [17:35] Capitalism is one of the few (if not only) systems that gives the lower classes a chance against the rich [23:37] What we do as capitalists does not translate to what we do in politics [28:11] The issue of equal opportunity for capital has to be addressed for capitalism to regain its popularity Website: www.ILD.org.pe www.JasonHartmanLive.com

Jason Hartman and Thomas the Economist take today to discuss a different view on Inflation Induced Debt Destruction. Jason and Thomas dig in to some stats from Shadow Stats that show what is, potentially, the real rate of inflation, and it's VASTLY different from the numbers the government puts out for public consumption. Key Takeaways: [6:44] Jason's latest book recommendations [7:55] One huge benefit we get as real estate investors is optionality Thomas Interview: [13:20] Things aren't always as they seem when you look at the real numbers [16:03] Interest rates and mortgage payments [22:22] Houses today are barely any more expensive today than they were in 1989 based on adjusted numbers [28:34] Substitution could be useful for inflation, but the government tends to abuse it to keep the numbers where they want [32:34] How to get your after inflation and tax effective interest rate Website: www.JasonHartman.com/Properties

Jason Hartman talks with Adam about the definition of a recession and what impact globalization may (or may not) have on the future of recessions. They also explore how the United States reacts to trade situations and what impact that has on markets such as the ones we invest in. Key Takeaways: [2:55] With a recession potentially looming, you need to stress test your portfolio, which is something we'll be doing at Profits in Paradise [8:09] Some of the old recession indicators aren't as reliable anymore because causes of GDP have shifted over the years [10:48] A strong manufacturing base makes local economies take much longer to shift [16:08] Why do they say that de-globalization could lead to more recessions [19:40] It's important to look at states the same way we do countries to see which states are the friendliest to businesses [24:41] The hidden benefits of self-management [27:13] This year's wealth simulation will really delve into how Refi Til Ya Die really works [26:00] The hidden benefits of self-management [28:32] This year's wealth simulation will really delve into how Refi Til Ya Die really works [32:54] A Baltimore, MD property available Website: www.JasonHartmanLive.com www.JasonHartman.com/Properties

Today focuses on Commandment #13: Thou Shalt Understand the Theory of Relativity As It Applies to Real Estate Investing. Visualization is an immensely powerful thing. What the mind can conceive and believe, the mind can achieve. Because of the power of visualization, Jason went and found an expert who can help real estate investors get in the right mindset and, hopefully, set you on a path to an even better portfolio and life. Website: www.JasonHartman.com/Properties

Today's Flash Back Friday comes from Episode 952, originally published in February 2018. Jason Hartman, his mom Joyce, and Drew finish up their long talk about property management practices. This time Drew throws some questions toward Joyce about how to walk the line with a tenant while still keeping a good personal relationship with them, tenant retention, and Jason's theory on the pinball effect that can happen when you own enough places in one market. Key Takeaways: [2:01] Occassionally you may have difficulty with insurance when you self-manage [2:56] The riskiest part of self-managing is the tenant turn [6:34] Join Jason on a trip to Sweden or come to San Jose for the next JHU event Jason's Mom & Drew Interview: [9:34] One of the nice things about not being near your investment properties is that you CAN'T go over and meet anybody [11:56] How to retain tenants, and how to get rid of deadbeats [14:16] Once you've formed a relationship with a tenant as a self-manager, is it awkward to raise the rent on them or enforce late fees, etc? [18:38] When do you build the expectation of rent increases into the relationship? [25:39] Why the hybrid management is the best system, and what to expect from your realtor helping you [28:15] Do self-management styles change based on the type of neighborhood your property is in? [31:46] Jason's pinball effect when you have enough properties in one market Website: www.JasonHartman.com/Properties

Jason Hartman starts today's show discussing an article that explains how hard new construction starts are hitting various markets. They're down by over 80% in some markets and over 50% in a majority. Then Jason talks with David Osborn, co-founder of Magnify Capital and best-selling author of Wealth Can't Wait: Avoid the 7 Wealth Traps, Implement the 7 Business Pillars, and Complete a Life Audit Today!, about making the conscious decision to be wealthy and how you can actually follow through on that decision while avoiding common pitfalls. They also discuss how absolutely vital the morning is to your life and how you can win the morning. Key Takeaways: [2:44] Home building is down more than 50% since before the Great Recession [7:32] Chicago only has about 20% of the construction they had before the Great Recession David Osborn Interview: [15:40] Being wealthy starts with making a choice [19:36] The mindset is critical but often overlooked [23:49] When you become successful you eventually just have to learn to deal with being in lawsuits [26:58] Do NOT hire someone just because you like them [33:49] Miracle Morning Millionaires [35:47] By 11am the world is coming at you and you're in reaction mode Website: www.DavidOsborn.com

Jason Hartman and Adamp take a deep dive into what GDP is and some of the plusses and minuses inherent to it. While breaking down a CNBC video explaining GDP they look at whether government spending should be increased, decreased, or left the same, how just because GDP is rising doesn't mean our economy is improving, and much more. Key Takeaways: [4:33] What Jason learned from a New York City bus driver [10:26] The CEO of WeWork has stepped down, who helped show the importance of Commandment #3 [16:06] US GDP is 38% government spending [21:02] Importance of looking at GDP rates and inflation rates [26:40] The important relationship between income distribution and GDP Website: www.JasonHartmanLive.com www.JasonHartman.com/Properties

Jason Hartman and Adam start off today's show discussing the impact of Dodd-Frank on the US economy. The massive bill that was quickly pushed through in response to the Great Recession is still being sussed out, and it's possible some parts will never be fully enacted. Then Jason talks with Richard Rahn, Advisor to former President George HW Bush and Chief Economist of US Chamber of Commerce for Ronald Reagan, about his thoughts on digital currencies and whether they will ever full grab hold in the United States with the power of the government. They also discuss Richard's time in politics and why he left the White House. Key Takeaways: [6:50] The world of fakeness [13:05] Dodd-Frank gave the government the ability to audit loans being given to companies, but the volume of loans makes that virtually impossible to reliably do [16:12] Credit default swaps and the Great Recession [18:57] Property profile of a home in Merrillville, IN Richard Rahn Interview: [24:01] When Richard started being interested in what would eventually become cryptocurrency [31:24] The government could target any one of us because most people are committing crimes they don't even know about. But going after encrypted peer-to-peer transactions would be impossible [35:17] Why does Richard think Bitcoin won't be the answer? [36:30] Richard's time in the Reagan and Bush administration Website: www.JasonHartmanLive.com www.IGEG.org