Creating Wealth Real Estate Investing with Jason Hartman

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

Jason Hartman and his client, Rabbi Evan Moffic, are on the road today discussing two different investment philosophies. The first is the fox method, ping ponging between investments and always going for what's the hottest trend. Then there's the hedgehog strategy that has you focus on one thing and do it to the best of your abilities. After dissecting the pros and cons of those strategies it's time to investigate the abundance mentality and what good it can do us all in our lives. Key Takeaways: [4:26] The fox strategy vs the hedgehog strategy [7:28] Fox's at least take action, but hedgehogs stay true to the investment philosophy that they know and understand [11:53] Evan is branching out a little buying a new construction short-term rental, but he made sure it could still function as a long term rental if trying a new strategy didn't work out [16:01] It looks like there will be 2 property tours at the upcoming Profits in Paradise [17:11] Evan will be speaking at Profits in Paradise, discussing happiness and wealth [21:04] Judaism believes that wealth brings with it a responsibility to give [24:40] One of the things Evan doesn't like about the FIRE movement Website: www.JasonHartmanLive.com www.JasonHartman.com/Properties

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. Today focuses on Commandment #12: Thou Shall Hold Thy Tenants Accountable. Website: www.JasonHartman.com/Properties

Today's Flash Back Friday comes from Episode 951, originally published in February 2018. It's time for Jason Hartman to have a good, old fashioned discussion on property management. This time, however, there are THREE sides at the table. In one corner is Jason's mom, who is an EXTREME do-it-herself self-manager. In another corner is Drew, who has always been with a property management company and isn't ready to step into the self-management world. And in the final corner is Jason, with his method of a hybrid model. Listen in as these three discuss concerns, strategies, and tips for property management, no matter which road you decide to go down. Key Takeaways: [7:51] The hardest part of Jason's business is property management [10:16] Drew's properties in Indianapolis were A builds, but after the Great Recession they're in C+ neighborhoods now [13:05] Jason's hybrid self-management practice [17:00] Where Jason's mom gets access to running credit reports and everything she needs to do to screen tenants [21:58] The most important thing you need to communicate to your tenant about rent [27:52] Property managers have inherent conflicts of interest [29:48] How Joyce gets her property ready for the next tenant [32:26] Questioning pricing can frequently lead to dramatic reductions in price Websites: www.JasonHartman.com/Photos www.JasonHartman.com/Events

Jason Hartman and Carrie are happy to present 4 properties that have recently become available that are potentially great deals for your portfolio. Listen in as they break down each property, explaining where they are, what the team is like in that market, and what kind of returns you can get. Website: www.JasonHartman.com/Properties

Jason Hartman talks with Peter Wehner, author of Wealth and Justice: The Morality of Democratic Capitalism and Vice President & Senior Fellow at the Ethics & Public Policy Center, about what attacks are currently being done against democratic capitalism and what we can do about them as a society. The two also explore the potential ramifications for capitalism being done by President Trump. Key Takeaways: [4:35] Is Democratic Capitalism the most moral system out there? [7:04] Capitalism correctly accounts for human nature [10:25] The ideas of Karl Marx have been probably the most consequential in economic history [13:38] The idea that the government has the moral high ground [16:55] What does Peter mean with the saying "The death of politics"? [20:41] Peter's concern about Trump's policies [28:48] What is The Death of Politics about? Website: Ethics & Public Policy Center Wealth and Justice: The Morality of Democratic Capitalism

Jason Hartman and Adam discuss several issues in today's show. The first one is the news that the average FICO score is at an all time high. This is due to several factors, but the underlying facts about the credit rise show some very good news for our economy. The two also discuss a new credit scoring on the horizon that might help more people get credit and allow those who make strategic defaults able to get loans sooner. After playing another of the 5 Year Plan videos, Jason and Adam dive into an event in France that shows the creep of what employers are responsible for, as well as a new California law that is aimed at companies that employ freelancers. The two have differing takes on the law, tell us yours! Key Takeaways: [4:07] Jason has been researching an investment vehicle that might be better than the 1031 Exchange and he'll discuss it at the upcoming Profits in Paradise [7:11] Consumer spending seems to be more in line with wages these days [11:51] They're creating a new way to create credit scores with more data points [15:39] Credit management isn't just the ability to repay [19:29] Jeff's 5 Year Plan for retirement [26:20] How employers are being hampered even more with a ridiculous event in France [31:48] California's new law about independent contractors could have some big ramifications [34:15] We need to divorce health care from employment Website: www.JasonHartmanLive.com www.JasonHartman.com/Contest

Jason Hartman starts today's show discussing some good news for real estate investors in the Chicago area, as well as why investors in California should actually be thankful for their current tax situation. Then Jason talks with Rob Stephens, co-founder of Avalara MyLodgeTax, about whether the short-term rental market is oversupplied and what the impact of institutional investors is doing to the marketplace as a whole. They also discuss some of the tax implications of running short-term rentals. Key Takeaways: [1:18] Good news for investors in Chicago [7:34] Jason put an offer down for a short-term rental property, but make sure you're not violating Commandment #21 to avoid manias [10:15] Tech companies are playing by different rules, so it's nice to see them being investigated Rob Stephens Interview: [13:59] Is the short-term rental market oversupplied? [17:17] How will short-term rentals hold up in the next economic downturn? [21:26] What has the increased usage of short-term rentals done to the timeshare market? [22:43] The way institutional investors are getting involved in short-term rentals [27:22] Tax compliance [30:30] How much do room/tourism/hotel taxes differ across the country? Website: www.JasonHartman.com/Contest www.MyLodgeTax.com

Jason Hartman and Adam examine some troubling trends in the real estate market these days. The first is the entire STATE of California, which is about to enact state wide rent control. This would be a massive shift in policy that will lead to other issues. Then there's the affordability issue that's been hampering house across the country for years. Jason and Adam examine what new trends that's causing in our present day. And finally, don't forget to submit your video for the Empower Investor contest and win tickets to Profits in Paradise! Key Takeaways: [5:48] What rent control ACTUALLY does [8:47] Rent controlled areas always run short on housing because nobody wants to build there because of regulations [16:37] Adam Frenza's 5 Year Plan [25:14] How the Trump administration is responding to rent control movements [27:16] How rent control creates a scenario like runaway inflation, and the road out is a rough one [29:29] People are starting to realize that affordability is a national problem [32:39] Rental property is one of the only businesses where people will happily give you 40% of their income Website: www.JasonHartman.com/Contest www.JasonHartman.com/Ask

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 494, originally published in March 2015. In the introduction portion of the Creating Wealth show, Jason Hartman answers two voicemail questions left by his listeners. He then introduces Richard Vague as his guest for today's show. Richard Vague is one of the few economists who are currently talking about the problems of massive private debt. He is the author of The Next Economic Disaster and talks to Jason about China's economic problem along with some interesting facts and correlations about the US economy. Key Takeaways: 8:00 – Jason talks about the 6 ways the government can get out of its mess. 11:20 – Jason answers a listener voicemail question. 18:50 – A listener asks about 3D printing a house. Jason shares his thoughts. 24:30 – Jason introduces Richard Vague to the show. 29:15 – Richard talks about China's debt problem. 35:10 – Private debt growth leads to higher interest rates. 38:15 – Richard gets his stats by looking at all consumer and business debt. 42:30 – A lot of economists don't include private debt in their model. 49:00 – What should we do to avoid the next economic disaster? Richard explains. 51:10 – Quick recap, what are the stages of an economic crisis? Mentioned In This Episode: The Next Economic Disaster by Richard Vague www.Debt-Economics.org

Jason Hartman talks with James Malinchak, #1 speaker coach & trainer and former Secret Millionaire on ABC (as well as this year's Profits in Paradise keynote speaker), about his time on the TV show as well as how people can take what they have, get the right mindset, and turn their life into a success. There are a lot of external forces on you in your life, but the response you have to all of them is strictly up to you. Key Takeaways: [7:27] James' experience on The Secret Millionaire [15:36] What are the traits that lead someone who is poor to become successful? [18:22] In every situation you can either have excuses or results, and excuses don't matter [22:05] The response you choose to tell yourself after an event is all that really matters [25:38] What James will be talking about at the upcoming Profits in Paradise [29:34] It is an absolute necessity to invest in yourself Website: www.JasonHartmanLive.com www.BigMoneySpeaker.com

Jason Hartman talks today about the news he's seen recently while avoiding Hurricane Dorian. That includes problems with pooled assets, taking out the management fees and industries that are taking a turn for the worse that show potential weakness in the real economy. Then Jason talks with Ellen Brown, author of Banking on the People: Democratizing Money in the Digital Age, about the money supply, specifically as it relates to what we refer to as "Quantitative Easing". Ellen explains how she believes we can solve some of society's woes and why she isn't on board with Modern Monetary Theory. Key Takeaways: [3:20] There are more lawsuits being filed over 401k fee abuse [5:07] How much better would our economy be if insiders stopped skimming off the top? [8:37] Workers under 35 are saying they're content with their pay [11:56] The trucking and shipping industry is having some problems Ellen Brown Interview: [13:22] Quantitative easing needs to be changed to get money out into the real economy [21:27] What Ellen means when she talks about "speculative markets" [24:54] What does this mean for the average person? [29:04] 80% of the population is carrying debt right now [33:45] What is keeping Ellen from being a fan of MMT Website: www.EllenBrown.com www.JasonHartman.com/Contest www.JasonHartman.com/Properties

Jason Hartman and Adam begin the show discussing how half of the potential home buyers are currently throwing in the towel because they can't find a house in their budget. They're getting discouraged and losing hope for the future as well, causing a surge in renters. As an investment property owner, that puts you in a fantastic position. Then Jason talks with Nely Galan, former president of Telemundo and author of Self-Made: Becoming Empowered, Self-Reliant and Rich In Every Way, about her journey up the corporate ladder and why she got in to investing in commercial properties. Nely took the dramatic step of leaving a solid, promising job in network TV to become employee #1 at a small startup called Telemundo. Nely explains how you can use your early jobs to prepare yourself for your own success and why sacrifice is necessary. Key Takeaways: [4:39] Since the Great Recession homebuilders have just ignored investment priced properties [7:07] One reason why Jason doesn't like owning a primary residence [11:31] The number of adults who think they'll buy a home in the next year has dropped from 24% to 12% since the start of 2018 Nely Galan Interview: [14:44] Make mistakes on other people's dime so you can succeed when you go out on your own [19:34] Being employee #1 can be worth it [21:09] Every job you do teaches you something that eventually leads to mastery [24:07] Why Nely wrote Self Made [27:59] You have to be willing to sacrifice something to get something better Website: www.JasonHartman.com/Contest www.BecomingSelfMade.com

Jason Hartman and Adam start today's show with some more details about the exciting (and potentially very lucrative) contest that's going on called The Empowered Investor. You could potentially win a $3,000 cruise allowance and 2 tickets to Profits in Paradise! Then Jason plays a clip from Frank Gallinelli where Frank explores two things that real estate investors need to understand, even if you don't use them every day: Net Operating Income and Capitalization Rates. Finally Jason talks with Ray Hespen, co-founder and CEO of Property Meld, about how property owners can proactively close the problem areas that tenants and landlords have in order to retain the tenants longer. Learn how tenants like to be contacted in today's age, why they leave, and how Ray's software may be able to help you. Key Takeaways: [2:46] How to enter the Empowered Investor challenge and win free tickets to Profits in Paradise [5:55] Deadline for submissions is midnight EST, Monday September 23, 2019 [7:35] Frank Gallinelli presentation on Net Operating Income and Capitalization Rates Ray Hespen Interview: [21:33] What issues does Property Meld address to help the tenant? [23:27] Around 1/3 of all non-renewals are due to poor maintenance experiences [29:02] The strongest correlation between maintenance requests and renewals is speed, hands down [31:35] Renters nowadays want to be texted, not called Website: www.JasonHartman.com/Contest www.PropertyMeld.com www.RealData.com

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. Today's guided visualization journey takes us back to the very first week. Website: www.JasonHartman.com/Properties

Today's Flash Back Friday comes from Episode 837, originally published in May 2017. This episode is very telling about the current and future state of the current US economy. Jason welcomes Tempo Funding Managing Director Mike Zlotnik to the show to discuss the what factors gave rise to and will ultimately tank the economy. As listeners to this program, you know real estate is the best class to hedge against inflation but if you also invest with institutional investors it may be time to fold your hand and become your own decision maker. Key Takeaways: [03:30] Yield rate and Cap rate compression defined. [08:01] After the 2008 crash the deal flow was abundant. [10:04] Institutional investors get rewarded for deploying capital, not finding the best deal. [15:04] Inflation is here and markets are softening. [20:44] Stagflation is a bizarre scenario but it is likely to happen. [29:19] Investors must prepare for the worst-case scenario. [30:51] Tempo Funding provides short and long-term hard money lending. Mentioned in This Episode: Jason Hartman Venture Alliance Mastermind Rent Control Movie Tempo Funding

Jason Hartman is back and talks with Adam today to discuss Fannie Mae's Chief Economist Doug Duncan's latest comments about the housing market. Not surprisingly, the huge lack of inventory is making a substantial impact. Jason and Adam break down how big an impact it is, what's causing it, and if there's hope on the horizon. Then Jason talks with Ingo Winzer, founder and president at Local Market Monitor, about how his company is able to analyze 300 local markets and what elements are important for investors to pay attention to when examining markets on their own. Key Takeaways: [6:29] The graying of America [11:10] Getting into real estate might seem expensive now, but it also seemed expensive in the 70s, 80s, 90s, etc and it's turned out pretty good [13:16] The labor shortage in construction since the Great Recession is going to make ramping up construction difficult Ingo Winzer Interview: [19:08] Rents behave differently from prices because rents tend to move with income [25:12] What Ingo bases his price forecast on [30:49] How do you factor in retired people and those in the gig economy when factoring in the job market [35:05] You need to figure out where the concentration of renters are in your market before you invest Website: www.JasonHartman.com/Cruise www.LocalMarketMonitor.com

In place of a voiceless Jason Hartman, Adam takes the reins today to discuss some articles that have come across his eyes discussing home prices in various areas of society and why they shouldn't be as big a surprise as the media seems to think they are. He also touches on the possibility of the government offering a 100 year bond. Then Jason talks with Patri Friedman, Executive Director of The Seasteading Institute, about creating new countries using the seasteading technique. Patri discusses how the concept would work in today's environment and why it's not absurd to think of a country being created on the water. It's coming sooner than you expect. Key Takeaways: [2:34] Home prices in driveable areas are now outpacing those in walkable areas [4:39] Government considering offering a 100 year bond Patri Friedman Interview: [8:36] What is seasteading? [13:28] Why not just buy land from a country rather than doing everything out at sea? [17:28] Patri's goal is seeing governments competing for citizens by treating them best [21:04] How do you deal with security when you're in the middle of the ocean? [25:25] What are these seasteads going to do for currency? Website: www.JasonHartman.com/Cruise www.JasonHartman.com/Events www.Seasteading.org www.Twitter.com/Patrissimo

Jason Hartman talks with Jeff Astor, VP of Business Development at Broad Financial and author of The Ultimate Self-Directed IRA:: Using Self-Directed IRAs & Solo 401ks To Invest In Real Estate, Bitcoin, Ethereum, Cryptocurrencies, Gold, Private Businesses, Startups, Exotics & Much More, about how to invest in various assets at the "arms length" that the tax code requires. Jeff explores some unique investments clients have made that satisfy the legal requirements, as well as explaining the difference in the 2 types of self-directed IRAs. Key Takeaways: [6:43] What are "exotic" investments and how you keep your investments "at arms length" [9:45] There are 2 types of self-directed IRAs, the custodial model and the checkbook model [13:52] Finding financing for IRAs since you need a non-recourse loan [17:10] Do people set up multiple LLCs inside their IRA to get even more asset protection? [21:44] Make sure you do your research on self-directed IRA companies, because custodial companies rely on trust [24:50] Can you take possession of precious metals if you purchase them through a self-directed IRA? Website: www.JasonHartman.com/Events www.JasonHartman.com/Properties www.BroadFinancial.com

Jason Hartman talks with Chris Porter, Senior Vice President & Chief Demographer at John Burns Real Estate Consulting, about what trends their company has been seeing. There have been some profound shifts in the way that Americans want their communities, what they're looking for in a house, and whether they even WANT to own a house. Key Takeaways: [4:01] There's an amazing amount of infrastructure in our world that has been thought out to keep us safe [6:30] The history of labor day and why being an income property investor is a way to let yourself CHOOSE to labor Chris Porter Interview [10:08] The labor shortage in construction right now is a great opportunity for new technology to come into the market [15:28] Some developer trends going on right now [19:27] The current housing trends of Millennials and Baby Boomers [22:54] Are the insititutional investors here to stay? [27:28] Chris' prediction on home ownership rates has been somewhat right. Why he thinks it wasn't completely acurate [32:21] Why the way generations are widely defined make no sense Website: www.JasonHartman.com/Cruise www.RealEstateConsulting.com www.BigShiftsAhead.com

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. Today is the 13th installment of our guided visualization journey. Website: www.JasonHartman.com/Properties

Today's Flash Back Friday comes from Episode 858, originally purchased in July 2017. Captain Gary Pinkerton joins Jason to share his story of how investing in income property gave him financial freedom and he describes how he used a life insurance policy to fund his investments. Later in the show, Jason and Gary answer listener questions about self-management, markets and taxes received as part of the Apple Airpod contest. Key Takeaways: [01:59] A few things you probably didn't know about submarines. [05:09] Gary shares the most important lessons he has learned about income property investing. [08:50] Leveraging prudent debt and getting credit for the appreciation is a 20% ROI. [12:47] Gary wanted to go to work and make money on his own terms. [16:51] Increase the efficiency of your properties by funding them in a different way. [23:26] Looking at the benefits of using a life insurance policy to fund your investments. [29:00] Self-managing income properties may give your tenants a better experience so they inhabit your property longer. [32:23] Juan wants to know how to find the best property management company and how to set up his tax structure. Mentioned in This Episode: Jason Hartman Property Tracker Be Your Bank

Jason Hartman talks with Walter E Williams, Professor of Economics at George Mason University and author of American Contempt for Liberty, about what is going on in our society today. America has become a country of people who hate liberty and want to take from others to give to themselves or others who they deem need it more. There seems to be an unwillingness to accept that people earn more than others and thinking that the government needs to step in and play a role. Walter explains to Jason how we can solve our problems by telling the government to get out of the way more than telling them to help. Key Takeaways: [2:34] Make sure you're investing in things that make sense THE DAY YOU BUY THEM Walter E Williams Interview: [7:46] Do United States citizens really have contempt for liberty? [13:41] Has the Trump administration turned the tide at all? [17:03] Is a wealth tax fair? [21:51] Politicians are doing exactly what we elect them to do [27:05] The only way we're going to solve our nation's problems Website: www.JasonHartman.com/Cruise www.WalterEWilliams.com

Jason Hartman begins today's show discussing the ongoing phenomenon on Wall Street of people investing so much money into IPOs when the company has proven that they don't have a business plan that works. Then Jason talks with Phil DeMuth, co-author with Ben Stein of the book The Overtaxed Investor: Slash Your Tax Bill & Be A Tax Alpha Dog, about how investors can set themselves up for a lower tax bill. Phil and Jason also discuss the idea of investing in Opportunity Zones and why Phil is so passionate against the Secure Act. Key Takeaways: [2:20] There's a cottage industry spinning off of Airbnb of tech companies telling municipalities which properties are violating their ordinances [8:39] The ridiculousness of the stock market and tech startups Phil DeMuth Interview: [13:55] How are investors being overtaxed? [18:18] Generating tax liabilities by trading [22:35] Make sure to put your growth asets in your taxable account [26:14] Phil's thoughts on Opportunity Zones [28:58] Why the debate over the Secure Act is important Website: www.JasonHartman.com/Cruise www.PhilDeMuth.com

Jason Hartman and Adam start off today's show discussing the growth of rent and home values across the nation. They've both been going up, but at different speeds. So what does it mean for you? Then Jason plays a clip from Garrett Sutton discussing what asset protection is NOT. It's easy enough to think about what asset protection can do for you, but it can't do everything. Finally, Jason and in-house economist Thomas discuss the phenomenon of MMT, Modern Monetary Theory, and why they don't believe it's the great thing that many on the left believe it to be. Key Takeaways: [6:02] Rent growth and property value growth aren't moving in perfect sync [9:39] There's new construction in Atlanta that is through an A provider team [14:28] Take part in the latest contest Jason is having, because there are some great prizes [17:36] What you need to do for the video contest [22:50] Garrett Sutton's What Asset Protection Is NOT [30:21] Does MMT say you can print money with no inflation? [35:38] There are several things that would make MMT invalid [38:18] MMTers are right that government spending happens before taxation Website: www.JasonHartman.com/Properties www.CorporateDirect.com

Jason Hartman dives into the idea of negative interest rates and WHY they would happen and how people respond to them. Then he finishes off his analysis of Dan Kennedy's idea of the mass affluent and how the middle class has been (and continues to be) impacted by it in today's world. Key Takeaways: [2:50] Banks charging negative interest rates [8:50] Negative interest rates are trying to bring future consumption to present day [11:01] The middle class is disappearing, and there's a danger of sliding down the socioeconomic ladder if we don't grab hold and start pulling yourself up [14:52] Inflation always hits the poor the hardest [19:22] The poor and lower middle class are also targets for sectors like payday lending, which keep them down [23:13] When new generations (like Millennials) can't enter the investor class early in life, it makes a MASSIVE difference over their lifetime [26:57] Investing is a relative game Website: www.JasonHartman.com/Cruise www.JasonHartman.com/Properties

Jason Hartman is excited to announce, with his Local Market Specialist, that there is once again property available in the Atlanta, GA market. Featuring all new construction, with cash-on-cash returns estimated to be around 10%, the Local Market Specialist was able to purchase an off-market land contract to control the neighborhood, including the HOA. All properties come with 2/10 warranties. Contact your Investment Counselor today to get hold of some of these limited properties. Website: www.JasonHartman.com/Contact

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. Today is the 12th installment of our guided visualization journey. Website: www.JasonHartman.com/Properties

Today's Flash Back Friday comes from Episode 848, originally published in June 2017. Investment Counselor and Local Market Specialist Liaison, Carrie joins Jason to see if he can correctly predict the effect the rise in interest rates will have on the US economy. Jason reminds us the Feds don't directly impact mortgage rates but by directly impacting short-term rates all rates will be affected. For those of you who have income properties, the higher interest rates will put upward pressure on rents. Key Takeaways: [09:13] What does the spike in interest rates mean for investors? [15:27] Higher interest rates will put upward pressure on rents and lessen the concentration of wealth. [19:37] Local Market Specialists and Investment Counselors are always working in the client's best interest. Mentioned in This Episode: Jason Hartman Grant's Interest Rate Observer Venture Alliance Mastermind

Jason Hartman discusses the recently deceased Dan Kennedy's work relating to the marketing shift of businesses toward the middle class. Over the past few decades there has been a distinct hollowing out of the middle class, which has created a massive opportunity for real estate investors. This persists to this very day. Jason explores Dan's idea of when the shift occurred, how it's impacting our world, and whether it's something that politicians will ever deal with. Key Takeaways: [6:28] Post-World War 2 we saw marketing start being targeted at the middle class [10:21] Median home listings and median home sale price is showing that higher priced homes just aren't selling right now [22:24] Politicians tend to be friendliest to real estate because of the MASSIVE supply chain Website: www.JasonHartman.com/Properties

Jason Hartman talks with Matt Curtis, founder and CEO of Smart City Policy Group, about the state of short-term rentals in today's society. Matt explains why he thinks that no matter what people in power do, they won't be able to stop the movement that is short-term rentals. Matt also discusses what he expects for the market when the economy inevitably sinks into a downturn and people stop taking so many vacations, and why a societal shift is key to that. Key Takeaways: [8:29] Technology is leading us closer to a Jetsons like world [11:07] Short-term rentals seem like they're going to win out over areas that are currently resisting [14:21] It's not hard to see why some areas of the country are resistant to the idea of short-term rentals [18:06] Are short-term rentals squeezing renters out of the higher end homes? [22:28] Commercial mix-use multifamily seems to be an area that there's no qualms using for short-term rentals [24:38] What happens to short-term rentals when the next recession hits? Website: www.SmartCityPolicyGroup.com www.SmartCityPolicySummit.com

Jason Hartman begins today's show giving an update on the state of foreign buying in the US real estate market. Playing a clip from Lawrence Yung, Chief Economist at the National Association of Realtors, and commenting on where the money is flowing from and where it's headed to, and how it compares to last year. Then Jason talks with DeAnn O'Donovan, former President & CEO of AHP Servicing and former Executive VP and Chief Administrative Officer of Wintrust Mortgage, about the practice of investing in non-performing notes and loans. DenAnn explains what she looks for when considering investing in loans, what positions she's comfortable taking, and where you can still find deals in today's marketplace. Key Takeaways: [2:46] Is the United States market becoming less attractive to international buyers? [7:26] The top 2 countries investing in US real estate are China and Canada. China accounted for $13 billion of US real estate purchases, Canada $7 billion DeAnn O'Donovan Interview: [13:39] Does it matter whether you're in first or second lien position? [17:32] Where do you find the deals in today's market? [27:54] Are there multiple categories of servicers available? Website: www.JasonHartman.com/Properties DeAnn O'Donovan on LinkedIn

Today's episode begins with Jason Hartman discussing how there's a new startup that's designed to help you make money on your property in a new way. There are more and more ways to capitalize on the assets you own, but you can't do it unless you actually own the asset. If you're just reading about them and not doing anything about it you're cheating yourself. Then Jason talks with Garrett Sutton, Rich Dad Advisor and author of Loopholes of Real Estate, about some recent Supreme Court decisions that will impact your life in a positive way. No matter what you think about the political division in the court, there are some things on which everyone can agree, and that's the case with these two cases. They also discuss the pros and cons of Series LLCs and the Economic Berlin Wall Jason's been lamenting for years. Key Takeaways: [3:18] A new startup is allowing people to rent their house/rooms/couch/etc for hours, not days [8:05] You can make money by utilizing assets that were formerly dormant [11:38] If you don't own the asset you can't take part in the money making, so get the asset! Garrett Sutton Interview: [15:20] The Supreme Court unanimously cracked down on excessive civil forfeiture, [19:08] Why you should actually CARE about the civil forfeiture decision [22:02] Another unanimous Supreme Court decision that protects trusts [27:27] California is trying to create an Economic Berlin Wall to avoid a brain drain [31:40] There's a new development for Series LLCs [36:08] There's not a lot of case law for Series LLCs, which can make it a sketchy area Website: www.JasonHartman.com/Cruise www.CorporateDirect.com

We can create our future by visualizing it repeatedly with significant detail. Jason Hartman discusses how you can improve your life by using this tool. Website: www.JasonHartman.com/Properties

Today's Flash Back Friday comes from Episode 854, originally published in July 2017. In between activities during the Oklahoma City JHU Live event is a great time to record a podcast with new income property investors. David & Gina Nelson share their story of the life-changing decisions that led to investing in real estate with Jason. David & Gina recognized staying in their corporate positions and only investing in the stock market wouldn't get them where they wanted to be in life. They convey their appreciation for the transparency and support they have received from the Jason Hartman Investment Counselors and share their advice on how you too can have the diversified financial future you deserve. Key Takeaways: [01:40] David & Gina wanted to take control of their lives and build their wealth by investing in income properties. [06:15] You are never too old or too young to start investing in your future and real estate. [09:20] The portfolio builder game is a great way to find out what type of investor you are. [12:03] The Nelson's plan to retire next year and use income property as their wealth vehicle. [16:59] The value in understanding the linear, hybrid and cyclical markets. [20:43] David & Gina recommend finding a mentor and listening to podcasts to educate yourself. Mentioned in This Episode: Jason Hartman Venture Alliance Mastermind

Jason Hartman kicks off this 10th episode discussing the furthering trend of people fleeing high tax places like California and New York to tax favorable places such as Florida. It's becoming a more and more common thing and states need to understand this before they run into even more fiscal difficulties. Then Jason goes off topic with client Rabbi Evan Moffic, author of The Happiness Prayer: Ancient Jewish Wisdom for the Best Way to Live Today. The two discuss why the bible actually promotes wealth (and what we should DO with that wealth), as well as what gives people true happiness. Key Takeaways: [2:47] Florida is bringing in billions of dollars as people flee high taxes [8:45] California is passing laws to increase revenues and are becoming predatory on their citizens [13:56] There's no starter homes being built, so your properties won't have any new competition Rabbi Moffic Interview: [17:26] Human beings are creators, and if you don't get to create you don't usually feel fulfilled [19:59] Pleasure and happiness are two completely different things [24:47] Plant a tree whose shade you will never sit under [27:34] When you're feeling sad the best thing you can do is do something nice for someone else [31:19] The bible is a pro-wealth product that teaches us to use our wealth to serve others Website: www.JasonHartman.com/Properties www.RabbiMoffic.com

Jason Hartman finishes his conversation with investment counselor Doug about real estate and PE ratios. The two discuss the importance of analyzing RV ratios in markets to discover whether a bubble is forming (or might already be formed) but also the dangers of relying strictly on those RV ratios. Key Takeaways: [2:38] How to think about Cap Rates [5:55] Commercial property doesn't have enough risk premium right now [9:34] Real estate has a lot of embedded risk protection a lot of people don't realize [15:16] The thing that is going to drive the next housing downturn will be when we see rising mortgage rates [17:40] The 1% RV is for a turnkey rehab. New construction isn't getting 1% right now [21:16] When your RV hits .5 you're looking at a bubble Website: www.JasonHartman.com/Properties www.JasonHartman.com/Cruise

Jason Hartman talks with 2 investment counselors in today's episode. First he talks with Adam to discuss the popular BRRR investment model (Buy, Renovate, Rent, Refinance) and why manufactured homes have a bad reputation and why that needs to change. Then Jason talks with investment counselor Doug about the importance of future expectations when looking at any market, including the real estate market. Just like in the stock market, future expectations drive a lot of value for real estate, especially in cyclical markets. The second half of this conversation will air tomorrow. Key Takeaways: [4:13] BRRR proponents don't ever tell you about their tax liabilities or their hunt for a deal [8:05] We should look upon manufactured homes a lot better than we do right now [10:43] The online housing kits are currently way more expensive than they pretend to be [14:38] Doug's experience using Cozy so far [19:26] You make money in life by adding value [23:39] When you take the manager out of the equation you can just the property on the property alone [26:08] The importance of future expectations [29:53] When expectations decrease it's not just a little drop, it's a spiral Website: www.JasonHartman.com/Properties

Jason Hartman takes today to play a live clip from the 2019 Meet the Masters of Income Property. Sunday afternoon is a time many people use to purchase properties from providers, leaving the room a little light on people. In this presentation, Jason updates his Inflation Induced Debt Destruction example from the high interest rate period he originally used into the lower interest rate environment that people who purchased in the late 80s have experienced. Key Takeaways: [5:01] Join Jason and go cruising (with good internet)! 2019 Meet the Masters Presentation: [10:21] Asset price inflation isn't measured, but it probably should be [14:19] Life is really a game of staying power [17:35] Every decision we make is a decision to improve our condition [21:00] Inflation Induced Debt Destruction from 1989 - 2018 [28:43] What does a lower inflation rate period do to IIDD? Website: www.JasonHartman.com/Cruise www.JasonHartman.com/Properties

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. Today is the 10th installment of our guided visualization journey. Website: www.JasonHartman.com/Properties