Creating Wealth Real Estate Investing with Jason Hartman

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

Today's Flash Back Friday comes from Episode 964, originally published in February 2018. Jason Hartman kicks off today's episode with some big cryptocurrency news out of Venezuela and Poland this week that show both strength and weakness for the market, plus producer Adam interviews one of the Indianapolis Local Market Specialists about what makes Indy a good place to invest. Then Jason finishes up his interview with Jeff Cronrod. This time they focus on best practices for property management and how to properly (and legally) screen tenants. Key Takeaways: [2:07] There's better ethics involved in taking the long term approach [7:07] Poland's Central Bank paid YouTubers to slander cryptocurrencies [9:08] Venezuela's massive oil based cryptocurrency [10:21] Indianapolis Market Profile from a Local Market Specialist Jeff Cronrod Interview, Part 2: [20:02] Jeff's property management best practices, and proper tenant screening [24:18] What sort of reports are available for landlords? Website: www.JasonHartman.com/Properties www.JasonHartmanUniversity.com www.AAOA.com www.TenantAlert.com

Jason Hartman and Adam start off today's show discussing how rates have allowed more and more people to start refinancing their homes, but also how federal mandates are allowing them to pull less money from their homes. This is having the effect of both putting more money into the economy but also keeping the housing market safer than it was before the Great Recession. Then, Jason finishes his conversation with Dr. David Kelley, founder of The Atlas Society and current Chief Intellectual Officer for the society, about the degradation of our society where people are viewing minimum wage jobs as careers and the dangers of our entitlement society. Key Takeaways: [2:09] There are microscopic creatures that can survive in outer space and some of them ended up on the moon thanks to an Israeli probe [7:53] Lower rates have made 8.2 million homes available for refinancing [10:19] A lot of people will be making a lot of money off the increase in refinances, so it's good for our economy Dr David Kelley, Part 2 [16:26] We have degraded to the point that people are considering minimum wage jobs as careers [20:41] Entitled mentality is toxic to society Website: www.JasonHartman.com/Cruise www.AtlasSociety.org

Jason Hartman and Adam start today's show discussing the size of economies across the globe and how some countries (such as Japan) are able to have such large economies with very few natural resources. They also explore a potentially misleading real estate stat. Then Jason talks with Dr. David Kelley, founder of The Atlas Society and current Chief Intellectual Officer for the society, about the ideals of Ayn Rand and why the economic principles she laid out during her life are still applicable today, but also about how Dr. Kelley has expounded on those thoughts. They also discuss the current entitlement mentality in the United States and what dangers that presents. Key Takeaways: [3:05] Not surprisingly, the US and China make up the largest 2 economies in the world, but some of the others are surprising [7:49] Just because you have natural resources doesn't necessarily make your economy thrive [13:29] Misleading mortgage delinquency stats David Kelley Interview, Part 1 [17:12] What is the Atlas Society? [22:55] Marx's ideals have failed time after time but people keep going back to them. Why? [25:37] The value of labor vs the value of capital Website: www.JasonHartman.com/Properties www.AtlasSociety.org

Jason Hartman starts today's show comparing asset class sizes to see if cryptocurrencies really are the biggest bubble out there. It's always important to ask the question: Compared to what? Then Jason talks with Anita Campbell, founder and publisher of Small Business Trends, about what markets are currently the friendliest to entrepreneurs. Some rankings are surprising and there's a big surprise when it comes to entrepreneurs in rural areas. They also discuss the potential impacts of minimum wage on small business. Key Takeaways: [2:14] A misnomer about the real estate market [7:44] Jason's latest binge-worthy show is educating him about money and making a statement about governments and central banks [10:06] Comparing asset class sizes [14:24] Derivatives are the biggest market BY FAR Anita Campbell Interview: [18:23] Some of Anita's rankings for best cities for entrepreneurs really suprised her [21:13] How Anita's company was able to use the US Census to help in the rankings [24:09] Technology has allowed rural areas to start flourishing as entrepreneurial havens [26:40] Does having more entrepreneurs in an area make the market more or less stable? [32:54] How the movement to a $15/hr wage is impacting entrepreneurs Websites: www.JasonHartman.com/Properties www.SmallBizTrends.com www.DataUSA.io

Jason Hartman takes on the mainstream media's coverage of our economic situation by pointing out that Americans have actually seen a larger wage increase than originally believed. Not many publications like to talk about it and even fewer like to credit Trump, but maybe it's time they start doing so. Then Jason talks with Marc Biron, founder and CEO of Home Diversification Corp, about his product that is intended to help homeowners diversify their market risk in their own home purchase. The product is intended to help protect homeowners from downturns in the housing market in their local zip code by indexing it to the national housing market. Listen in as Marc explains why it would make sense for homeowners and how it works. Key Takeaways: [3:44] American wages are rising more than we realized [8:56] The biggest thing in the media is that they don't say Marc Biron Interview: [11:04] How Marc's mortgage product can help diversify market risk [15:22] Marc claims his product is 42% more stable than the average housing market [19:38] A sample case of how the product works [23:07] Home Diversification uses the Zillow statistics for national home price indexing Website: www.JasonHartman.com/Properties www.HomeDiversification.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 9th installment of our guided visualization journey. Website: www.JasonHartman.com/Properties

Today's Flash Back Friday comes from Episode 963, originally published in February 2018. There's a disease infecting millions of Americans, but few people are addressing it. That disease? The entitlement disease. Jason Hartman looks at the symptoms of the disease, and how a simple change in viewpoints can bring a person out of that spiral. Then Jason talks with Jeff Cronrod, founder of the American Apartment Owner Association & founder of Rent Recovery Service, about his new program called Lease Guarantee, and how landlords need to take a more aggressive approach toward tenants who don't pay. Key Takeaways: [4:39] The dangers of the entitlement disease [8:14] When you take all the advantages of real estate for a few years, it's hard to unwind [13:30] What happens when you view your life like you're the source [19:09] The simple key to success in business Jeff Cronrod Interview: [22:02] What is Lease Guarantee? [24:18] How much does the Lease Guarantee cost and what exactly does it cover? [28:32] The steps you have to go through when a tenant misses their rent payment [31:40] What judgement do you need to get for Lease Guarantee to pay out? Website: www.JasonHartmanUniversity.com www.AAOA.com www.TenantAlert.com

Today's off-topic 10th episode starts off with Jason Hartman explaining how 1031 exchanges have helped his portfolio grow more than any other tool, as well as how to view your tenants rent in a way that will make you feel really good. Then Jason talks with Sally Kohn, CNN political commentator, host of The State of the Resistance podcast and author of The Opposite of Hate: A Field Guide to Repairing Our Humanity, about why there's so much hate in our country at the moment and how we need to continue acknowledging problems and working to get better. Key Takeaways: [3:40] The power of a 1031 exchange has been a godsend for Jason's personal portfolio [8:02] Your tenants are working to pay you ~40% of their work hours. That's more than they work for anyone else. Sally Kohn Interview: [12:31] Technology makes us feel more anonymous, which isn't always the best thing [15:10] Does the US deserve credit for being better than the rest of the world? [20:01] What definition of "hate" Sally's working from [24:12] Most people don't think they're hateful, they believe "those people" are hateful so the things they do are justified [27:55] We have been taught throughout history that men should be in positions of power, which is a powerful thing to have to break through Website: www.SallyKohn.com www.JasonHartman.com/Properties www.JasonHartman.com/Cruise

Jason Hartman starts today discussing the 8th wonder of the world, compound interest. It's a truly powerful thing that makes massive differences to your portfolio. Then Jason talks with in-house economist Thomas to discuss housing payments adjusted for inflation. Thomas took Jason's first property he purchased and adjusted the payment it would have been to today's dollars to see how it correlated. The two also discuss negative yields and how much further cyclical markets have to fall. Key Takeaways: [4:43] Jason's old purchase of a mortgage note that didn't go so well, but the amount he's owed now shows the power of compound interest [7:36] An example of compound interest using 4 $100,000 homes [14:32] Robert Shiller believes we are on the verge of a recession, but Jason doesn't agree with his reasoning [18:51] Housing payments adjusted for inflation is significant [22:41] Millennials keep telling Thomas they're waiting for home prices to drop [27:07] 25% of investment grade bonds have negative yields now Website: www.JasonHartman.com/Properties

Jason Hartman and Adam start today's episode detailing the price history of a home in Port St. Lucie, FL. The effects of the financial crisis and the recovery afterward are truly astounding and it gives us an idea of where we might be in the housing recovery. Then Jason has a short clip of Frank Gallinelli's, a friend of the show, describing how to properly evaluate real estate deals to make sure you're getting a good deal. Finally Jason talks with Howard Jennings, Managing Partner at Stateside APM, about how entities can help foreign real estate investors, as well as how those same foreign investors can save themselves money in creating those entities and avoiding double taxation in certain areas. Key Takeaways: [3:23] The incredible price history of a home in Port St. Lucie, FL [8:32] Jason's been involved in somewhere around 10,000 real estate transactions either personally or through his companies [10:26] Frank Gallinelli on How to Evaluate a Real Estate Investment Howard Jennings Interview: [24:18] Do foreign investors need to have entities like an LLC? [27:12] Some states have higher fees than others, and Canada can even tax you twice [31:18] Services provided by Stateside APM [38:45] Nearly every decision in life comes down to instant gratification vs delayed gratification Website: www.StatesideAPM.com www.JasonHartman.com/Properties

Jason Hartman and Adam start off today's show discussing a stat they saw saying that 37% of US homes are currently "free and clear" and what that could mean to housing markets when the next market downturn comes, especially to your income property. Then Jason talks with client Drew Baker about how his self-management has helped him put $8,000 back in his pocket, having your tenants saving you money, and what Facebook is doing with their cryptocurrency venture. Key Takeaways: [2:39] 37% of homes in the US are "free and clear" [5:30] Why the amount of "free and clear" homes in your market matters to your investment properties [8:41] Alexa Skill Blogcast Drew Baker Client Case Study: [12:54] Drew just calculated how much money he's saving in his portfolio now [20:53] Facebook's foray into crypto could be a more interesting venture since they have an audience of billions already [25:41] Facebook shut off access to other cryptos while they were prepping their own [28:40] How Drew's tenant saved him hundreds of dollars on his new water heater [32:30] Pick which property is giving you the least trouble and take control while things are calm, not in the middle of repairs Website: www.JasonHartman.com/Ask www.JasonHartman.com/Properties Jason Hartman Real Estate Investor Update Alexa Skill

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 8th installment of our guided visualization journey. Website: www.JasonHartman.com/Properties

Today's Flash Back Friday comes from Episode 938, originally published in January 2018. Jason Hartman kicks off the episode talking with someone who's about to set a new standard at the Meet the Masters conference this weekend. Journey Captured, a Journey tribute band, will be performing Saturday night at the first ever Meet the Masters Concert. Jason talks with Bass player Giorgio Tupanjanin about his musical training, why he plays Journey, and what to expect at the concert. Then Jason finishes his client case study with Sue & Gary Pinkerton. This time Sue offers some tips on self-management, the frustratingly fragmented (yet helpful) nature of real estate investing, and why you can't consider anything a passive investment. Key Takeaways: [1:59] A Journey tribute band will be playing at Meet the Masters [3:50] Why Journey for a tribute band? [6:28] Is jazz music one of the most technical styles out there? [9:51] How Journey found their current lead singer Pinkerton Case Study: [15:16] Sue's tips on self-management [18:52] The fragmented nature of single family real estate investing is frustrating [22:13] There is NO SUCH THING as a passive investment Websites: www.JasonHartman.com/Properties

Jason Hartman and Doug get together today to discuss some of the statements that Warren Buffett has made in regards to investing in real estate. Specifically they examine his interview about his $150,000 home purchase that turned into an $11,000,000 property and his thought of how he wished there was a way to buy and manage thousands of single family homes. Key Takeaways: [4:29] The power of the 30 year mortgage, explained by Warren Buffett [9:10] Your returns when you lever equity can be really good, but when a tenant is paying your mortgage then it's even better [14:33] Don't miss the market because you're waiting for a dip [19:48] Time heals wounds, especially in real estate Website: www.JasonHartman.com/Properties

Jason Hartman starts today's show celebrating the Department of Justice's decision to start investigating the big tech companies business practices, something he's wanted them to do for a long time now. Then Jason talks with Democratic Presidential Candidate Andrew Yang about some of his policy proposals, including the huge idea of Universal Basic Income, the erradication of income tax and the implementation of a VAT. Key Takeaways: [2:10] Jason is excited that the DOJ is finally investigating the big tech companies Andrew Yang Interview: [6:11] How Universal Basic Income is different than the welfare state and why libertarians would support it [9:43] Would income taxes go away if Andrew's VAT goes into effect? [14:28] Andrew supports UBI because automation is taking away so many jobs [19:12] The war on normal people [25:38] How the UBI will offset any deficit it creates Website: www.Yang2020.com

Today's episode is a live speech from the 2019 Meet the Masters of Income Property event. Hear the local market specialist discuss why he got into the Florida markets and how he's making properties work in the market. New construction and short-term rentals can work, if you do it right. Key Takeaways: [6:45] Some of Jacksonville's economic rankings [9:42] New construction has been the main focus in the market [12:55] The different models available [20:48] The average construction time is about 6-8 months, but you don't need a construction loan Website: www.JasonHartman.com/Properties

Jason Hartman and his mom take today's episode to review the book The American Jubilee: A National Nightmare is Closer Than You Think, as well as discussing the impact of loan forgiveness and some self-management strategies that can save you money and headaches when it comes to repairs and tenant retention. Key Takeaways: [2:05] Jason's mom's takeaway from the book The American Jubilee [4:51] The middle class is getting crushed today more than they ever have in American history [8:05] You can use debt as a strategy [11:56] Impact of the bank holiday [14:25] Student loans are being packaged and sold to financial firms just like liar loans were [19:17] The federal government can nationalize your stock and bond portfolio a lot easier than your property [23:26] Turnover can be expensive, but keeping tenants for too long could mean your rents are too low [27:54] The longer your tenant is there the more they treat it like their own home [32:02] A recommendation to reduce your insurance prices Website: 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 7th installment of our guided visualization journey. Website: www.JasonHartman.com/Properties