Creating Wealth Real Estate Investing with Jason Hartman

Jason Hartman and Adam kick off today's episode answering some listener questions from Brenda and Roger. They want to know about how Jason's family was able to make real estate investing work in California, as well as planning for CapEx repairs as a landlord. Then Jason talks with Frank Barletta, Co-Founder and CEO of UpTop, about how his software can help self-managing property owners. Frank explains how UpTop helps landlords deal with leases and maintenance requests, as well as how to use the platform. Key Takeaways: [3:26] Listen Question from Brenda: Jason doesn't like investing in California but his Aunt has successfully invested in Sacramento, CA. How did she succeed? [5:58] Real estate as an asset is so powerful that it can turn decent investments into great investments over time [8:12] How to account for large CapEx repairs [11:46] It's crucial to look at your inspect report thoroughly and make sure the items that were supposed to be done were done properly so you don't get surprise expenses later Frank Barletta Interview: [18:56] What does a landlord do with UpTop? [21:56] Where UpTop makes its money [27:01] How UpTop handles leases [27:48] Dealing with maintenance issues through UpTop Website: www.JasonHartman.com/Ask www.LiveUpTop.com Jason Hartman's Real Estate Investor Update Alexa Skill

Jason Hartman talks with his Local Market Specialist from the Jacksonville/St Augustine markets about what led him start working in these markets, as well as what types of properties are available. The markets offer new construction single family, duplexes, and short-term rentals for purchase that all cash flow. Key Takeaways: [4:35] When Bakersfield real estate stopped making sense, this LMS realized that Florida seemed like a good market [7:20] The media's attempt at scare tactics for investing in real estate can tell you where we are in the cycle [13:34] Jacksonville is still below peak pricing [19:19] The 3 types of properties the Jacksonville/St Augustine markets provide [24:02] Who are the short-term rental target tenants? [27:32] You can cash flow expensive properties, but you have to do it in a different way Website: www.JasonHartman.com/Properties

Jason Hartman and Adam examine the Investopedia article they referenced yesterday referring to the 9 common effects of inflation. The 2 types of inflation (cost-push and demand-pull) are also broken down in regards to how they impact your property value and rent. Then the two examine what impact the Trade War with China could have on the markets properties are available in. If production from overseas come back to the United States, where are we likely to see the impact? Key Takeaways: [4:18] The 9 common effects of inflation [9:15] The land value is the one that's susceptible to big swings in value [12:48] Cost-push versus demand-pull inflation [15:57] How the Trade War could create cost-push inflation in the linear markets we're investing in [19:12] If China ever manages to create a middle class they're going to have to deal with a new set of issues, which might make them an inopportune producer [23:59] When labor shortages hit construction it can make it incredibly expensive to build a house and retain the workers needed [28:39] Once the Trade War has ended, look at what job sectors are going to be impacted most and adjust your investing strategy accordingly Website: www.JasonHartman.com/Ask www.JasonHartman.com/Properties 9 Common Effects of Inflation on Investopedia

Jason Hartman and Adam take today's episode to discuss the growing trend toward a renter nation. But this trend isn't just for the young, it's for all age ranges. Renters in the 60+ demographic have seen an even bigger percentage increase than those in the 20-34 or 35-59. This is phenomenal news for landlords, as more people are competing to live in your properties. They then look into the market for pre-fabricated homes, the impact of recent Airbnb decisions, and a brief glimpse at the 9 effects of inflation that will be discussed further in Tuesday's show. Key Takeaways: [3:12] The over 60 demographic has seen a 43% increase in renters in the past decade [6:52] A survey has found that few millennials are viewing home ownership as a necessity [9:38] How the pre-fab home market is distorted to make it appear to be a cheap alternative [16:18] A look into one of Jason's blogcasts on wealth creation [20:34] Airbnb is giving up the addresses of 17,000 units to New York City. [24:42] A brief look at the 9 effects of inflation Website: www.JasonHartman.com/Properties Jason Hartman's Real Estate Investor Update Alexa Skill

Today's Flash Back Friday comes from Episode 876, originally published in March 2017. Jason and Investment Counselor Sara discuss the indirect impact of Hurricane Harvey in Houston. It may be one of the worst natural disasters in our nation's history but an opportunity for rebuilding also exists. Prices will increase for commodities needed for rebuilding the area and labor will be needed in all sectors for those who were directly impacted by the storm. Key Takeaways: [01:37] Disaster Capitalists make the most of the tragic flooding in Houston. [05:25] A moratorium on mortgages benefits those with the most debt. [11:09] Is it smart to buy properties on the cheap in Houston? [12:32] How should investors handle damage to their existing properties? [15:28] The cost of commodities always increase after a natural disaster. [22:41] Laura wants to know how Jason's single-family portfolio homes performed during the 2008 recession. Website: Real Estate Tools Property Tracker [email protected] - Free 1-hour onboarding session Venture Alliance Mastermind

Jason Hartman talks with Cynthia Kane, author of How to Communicate Like a Buddhist, as well as Talk To Yourself Like a Buddhist, about how we should be communicating with ourself and with others. Too often we say things hurtful to ourselves and our loved ones which we don't even realize until it's too late. Cynthia explains the elements of right speech that will point us in the right direction, as well as the importance of silence. Key Takeaways: [3:23] The most important conversation you can have is with yourself Cynthia Kane Interview: [5:50] How does communicating like a Buddhist help you? [9:39] The importance of "Mindful Listening" [12:09] How we can use silence in a positive way [19:43] How do you talk to YOURSELF as a Buddhist? [23:47] You need to pump yourself up with self talk a little bit [25:38] The importance of questioning Website: www.CynthiaKane.com

Jason Hartman and Adam take today's episode to discuss a new commandment Jason thought of while on the radio in Georgia after the recent Venture Alliance Mastermind event. They also discuss how Commandment #3 would protect investors from some of the exorbinant compensation packages that CEOs are taking that are harming stock holders. Then Jason recaps the weekend and some of what he learned about tax liens and deeds and potential new markets that he visited while heading home from the event. Key Takeaways: [3:04] The compensation of CEOs like Elon Musk shows why you should always maintain control (Commandment #3) [8:16] Commandment #21 was created just this weekend [15:02] Cuba doesn't have the port capacity to handle large cruise ships, so you have to take one of the smaller ones [23:18] Early bird pricing ends June 4 [24:29] The Venture Alliance Mastermind weekend recap [30:32] If you're going to invest in short-term rentals, make sure that the numbers work even if you have an increase in vacancy and a drop in prices during the next downturn Website: www.JasonHartman.com/Cruise www.JasonHartman.com/Properties

Jason Hartman and Adam start today's show answering a listener question about the value of local real estate investor associations. Jason has some dueling thoughts on the matter, and explains why you need to be wary when joining one. Then Jason talks with Kelly Alexander, founder of Great American Tax Remedy, about how Kelly has been able to avoid paying Federal income tax since 2014. Kelly's method hasn't had to hold up against an IRS audit, but she's confident that what she's doing is completely legal and can help anyone out. Key Takeaways: [4:47] Jason's thoughts on real estate investor organizations [9:26] Do not fall for the "flavor of the month" or "get rich quick" schemes that you'll hear at some meetings Kelly Alexander Interview: [13:40] How Kelly's tax plan to avoid income taxes works [17:17] Who else is using Kelly's technique? [18:38] What Kelly does when she gets paid in order to avoid income tax [28:36] How to report your income on your taxes under Kelly's format [38:48] Why Kelly's strategy works for both state and federal taxes Website: www.JasonHartman.com/Properties www.MyTaxRemedy.com

Jason Hartman and Kerry take today to look at some of the signs in our economy today that don't point toward a rosy future. But don't take that to mean the sky's falling and we're headed for a doomsday scenario, we've still got some runway left. The two also discuss how self-management can show you things that you wouldn't have known just sticking with a property manager. You don't HAVE to self-manage, but it's important to know how to self-manage so you don't get taken advantage of by your current manager. Key Takeaways: [2:39] There are ominous signs out there for the economy, so we'll see how much longer it can hold them off [5:47] For the first time in a long time, Kerry is bullish on the New York real estate [13:13] Where will the next recession come from? [17:05] There's an urgency that you need to do something now rather than waiting around [21:04] Why Kerry thinks Indiana has been the longest running market for Jason's company [25:19] Utilize your tenants as your assets [30:51] If you choose to self-manage, remember to track ALL of your expenses Website: www.JasonHartman.com/Properties

Today's Flash Back Friday comes from Episode 887, originally published in September 2017. The US is facing a looming financial crisis. In this episode, Jason outlines six business plans the government can use to ease its inflationary pressures. Four of the plans could result in negative outcomes, while the final two plans could achieve debt repayment by way of inflation. Understanding inflation and all of its aspects are not for the light-hearted. Jason explains inflation, how the government reports on inflation and offers up some educational resources for those who want to know more. Key Takeaways: [04:35] Technology is changing the game in all aspects of life. [11:15] Meet the Master's of Income Property Event is a 3-day event in January 2018. [14:15] Jason identifies 6 ways to deal with inflationary pressures. [21:17] Using inflation as a tool to avoid paying debts. [27:39] Understanding the difference between real and nominal and price and value. [33:49] Redistributing wealth through inflation. [40:11] The three ways the government manipulates inflation statistics. Mentioned in This Episode: Property Tracker Real Estate Tools Short-Term Rental Council Confessions of an Economic Hitman by John Perkins

Jason Hartman talks with Josh and Mike from Elite Group Inspection Professionals about what to expect when getting a home inspection. A good home inspection can save you thousands, and a bad home inspection can cost you thousands. It can be tough to figure out who you can trust when you're getting one done, but Josh and Mike give you some resources to finding a competent inspector and what the major things you should be looking for on your inspection reports. Key Takeaways: [6:49] Make sure you check your home inspector for licenses, certifications and insurance [9:36] Some of the biggest concerns from buyers [14:15] The pros and cons of various roof types [19:09] Expect a lot detail about repairs needed in your inspection, but not about how much they will cost to fix [22:43] What to look for on the interior of the house [25:50] When you need to get a re-inspection done [28:39] Some of the common plumbing problems Website: www.EliteInspections.com

Jason Hartman and Drew do a small client case study about his journey of self-management, then move into the finale of Jason's examination of Kyle Bass' speech about China. Finally, Jason and Drew explain how Commandment #3 (Thou Shalt Maintain Control) and Tesla's current situation go together, as the company continues to make some poor business decisions and hemmorage money. Key Takeaways: [2:50] Drew's new roof on his Indianapolis home [9:54] When you self-manage, your tenant is part of your team [13:59] Is self-managing really worth it to Drew or is he doing menial work that's not worth it? [15:52] Revisiting Kyle Bass' speech [23:06] How Commandment #3 and Tesla mix [27:03] Tesla is getting dumb money and pillaging it [30:29] In real estate you can fire someone and get another person to do the same job. With big companies like Tesla, you fire Elon Musk and the company's in trouble Website: www.JasonHartman.com/Cruise www.JasonHartman.com/Properties

Jason Hartman and Adam start today's episode by answering a listener question from Amina, who wants to know what her options are after she maxes out her Fannie Mae and Freddie Mac loans. Surely there are options out there, but what are they? Then Jason has a client case study with David Nelson, who, along with his wife, has amassed a real estate portfolio that has allowed her to retire early to focus on their holdings. David discusses how his cockiness led him into a bad deal, why continual education is important and where his journey is heading. Key Takeaways: [5:15] Listener Question from Amina: what do you do after you max out your Fannie Mae/Freddie Mac loans? [10:34] If you're wanting to cruise to Grand Cayman, Jamaica and Cuba you need to sign up soon! David Nelson Client Case Study: [17:19] David started getting cocky investing in 2016 and didn't pay enough attention to his inspection [20:24] Jason's group doesn't do any one off deals [24:28] How self-management has gone for David so far [29:18] When you combine education with action you can accomplish nearly anything [33:01] Why being 80% in on one asset class isn't necessarily a mistake Website: www.JasonHartman.com/Cruise www.JasonHartman.com/Ask

Jason Hartman and Adam use today's episode to discuss some important information about rental rates vs income growth, answer listener questions and what Mark Zuckerberg's college roommate thinks about him. Key Takeaways: [3:29] Rents have been rising faster than incomes in most of the United States [7:56] Investing in a prudent market with lots of government jobs could be helpful for rents not decreasing [13:31] Would real estate investing make sense if another Depression hit the US? [23:36] Population decline can be devastating for real estate investors [29:06] Once big tech companies get their funding they start to lose their touch with the people Websites: www.JasonHartman.com/Cruise www.JasonHartman.com/Ask Jason Hartman's Amazon Flash Briefing

Today's Flash Back Friday comes from Episode 872, originally published in August 2017. Jason welcomes Patrick Donohoe of The Wealth Standard Podcast to discuss the dirty details of pensions, insurance policies and Ponzi schemes. Jason describes the difficulties and common mistakes average retail investors make when investing in financial services. And, Pat gives a comprehensive overview of how to make the most of your existing policies in order to invest your money in the most historically-proven asset class, income property. Key Takeaways: [02:25] Is the US a giant Ponzi scheme? [05:31] Understanding the difference between pension benefit plans and contribution plans is essential. [15:15] The financial service industry preys on retail investors. [20:49] Harry Markopolos is waiting to capitalize on a market correction. [27:09] Analyzing the patterns and mistakes of the middle-class investor. [35:27] The Wealth Standard Podcast focuses on helping individuals understand the comprehensive nature of the economy. [37:49] Pat explains how policyholders can reduce their risk and get investment money for cash-flow properties. Mentioned in This Episode: Be Your Bank The Wealth Standard The Wizard of Lies 401K Jail Article Venture Alliance Mastermind

Jason Hartman and Adam start off today's show talking about the topic of the news today: Trump's billion dollar "loss" over a 10 year period. What the media fails to mention throughout the whole thing is that he didn't actually LOSE any of that money, he simply had massive deductions thanks to the beauty of real estate phantom deductions. Then Jason talks with Steve Jones, CEO of Allied Universal and author of the book No Off Season: The Constant Pursuit of More, about how his career in sports translated into business success. Steve and Jason look at the various skills learned in sports and how can each be applied to the business world, whether you're an employee or employer. Key Takeaways: [2:55] People are horribly off target thinking Trump is a "Billion Dollar Loser" [5:21] Real estate deductions run on a depreciation schedule [9:37] Real estate offers you a tax deduction you can't get any other way [11:44] How property tax states are able to increase their revenue through land value Steve Jones Interview: [18:16] Your ability to overcome obstacles is going to make or break your success [21:05] Sports teaches you how to work as a team [24:10] Some techniques on how to keep the team cohesive when dealing with adversity [27:49] With no action steps in place you only have a dream, not a plan Website: www.AUS.com www.JasonHartman.com/Properties

Jason Hartman wraps up his talk with Drew from yesterday, as the two leave the topic of self-management and delve into more economic lines of conversation. Jason brings up a recent Peter Schiff tweet and the two dissect whether it holds water in today's environment, as well as discussing how articially low interest rates are impacting the investing landscape we see today. They also discuss a different way to look at the rents you're collecting from your tenants in a way that makes it even more powerful than it looks at first glance. Key Takeaways: [3:01] If falling consumer prices have been good for the last 100 years, why does the Fed think they're bad now? [6:25] The artificially low interest rates are encouraging bad investments [10:24] Who's going to get hit hardest in the next recession? [14:10] Targeted advertising is keeping us from seeing a large chunk of the world today [19:54] It's important to hold yourself accountable the same way you hold your tenants accountable when dealing with your investment properties [23:57] Your tenants are working 33-40% of their work life just to pay you Website: www.JasonHartman.com/Properties

Jason Hartman talks with client Drew Baker in part 1 of their interview about the new developments in Drew's journey in self-management. Drew gives Jason a rundown on how he deals with lease renewals, some of the repairs he's doing to his properties in order to retain his tenants, and what software he's using to keep track of it all. Jason also gives Drew a little bit of advice on how he may be able to accelerate his depreciation in a cost effective manner. Key Takeaways: [5:15] The one type of pollution that China doesn't have, that America has PLENTY of, is noise pollution [10:35] An update on Drew's self-management process [13:38] Cost segregation studies have become reasonably priced for single-family homes and could well be worth the cost [18:29] Drew tries to get his leases to come up for renewal in the warmer months, as well as signing a 2 year lease [22:00] Drew's approach to lease renewals Website: www.JasonHartman.com/Properties

Jason Hartman takes today's show to go over his thoughts on J. Kyle Bass's speech from the recent CPDC Conference about China. As the second largest economy in the world, China carries a lot of weight, claiming to have around 15% of the world's GDP. But a closer look at the numbers gives us a sense that it might not actually be true. There are dangers lurking in the China economy that could lead to some bad events. Then Adam talks with Graham, one of the mortgage lenders with the network, about what interest rates investors can be expecting this month. Key Takeaways: [3:13] China claims to have 15% of the world's GDP, but there's little to prove that's true [5:49] Jason used to listen to the doomsayers, but it's not going to happen with such a demand for dollars [9:47] Endowments don't invest in the greatest things, but it's not a problem that should be that difficult to solve [16:12] The dangers present in China in their banking sector [19:16] Hong Kong is the most expensive real estate in the world, at $10,000 per square foot Adam's Mortgage Update: [23:43] We're seeing investment mortgage rates in the low-mid 5s [27:05] What will happen if the Fed decides to cut rates this year? Website: www.JasonHartman.com/Properties J Kyle Bass's Speec at CPDC Conference

Today's Flash Back Friday comes from Episode 363, originally published in February 2014. "The Cow Guy" Scott Shellady is the Senior Vice President of Derivatives at the Trean Group. He joins the show to discuss where people should start when investing in tangible assets. Shellady believes in SWAGER for investing, standing for Silver, Wine, Art, Gold, Energy and Real Estate. He thinks SWAGER investments are a good choice for current investors. The topic then shifts to how boomers can prepare for retirement. Shellady explains the most common mistakes baby boomers make with their finances and what they do if they were laid off or fired during the recession to protect their retirement. Website: www.TreanGroup.com www.Twitter.com/ScottTheCowGuy

Jason Hartman brings this episode to you from China, where he has seen the impact of the rising middle class. While it may seem to be a world away, the growth in construction in China is impacting the cost of construction here in the United States as well. Then Jason talks with Anna Myers, Vice President of Grocapitus, about how to analyze deals, specifically for multifamily. Anna's group is all about finding the right deals in the right market, and she talks with Jason about which markets are looking good and which are past their peak, along with why the demographics for real estate investors is still incredibly bullish. Key Takeaways: [3:28] The Chinese surveillance state is rampant and the country seems very wary of terrorism [7:04] The rising middle class in China has led to a large amount of higher end stores [10:31] All buildings are made from the same materials, so when there's a building boom in China it impacts builders everywhere Anna Myers Interview: [13:08] What is Anna's definition of "data driven real estate investing"? [18:23] How can you know when the supply of starts is going to meet the demand for jobs? [21:51] Things you need to be looking for at the neighborhood level of your market [27:36] Anna's team is looking at approximately 80 markets a quarter [31:28] What kind of properties does Anna have in her portfolio? [33:47] The stigma of renting is gone as Millennials and Baby Boomers are now renting Website: www.JasonHartman.com/Properties www.Grocapitus.com www.MultiFamilyU.com

Jason Hartman begins today's episode from the city of Shanghai, one of the largest (and densest) cities in the world. Since he's been in town he's started thinking about the importance of population density on real estate. It impacts everything from quality of life to desirability of businesses to the pricing of every unit. Then Jason talks with client Greg Scott about his journey from accidental landlord to an owner of multifamily properties. Greg and Jason examine why people don't know whether they're winning or losing, how Greg was able to continue investing through the Great Recession, and what sort of demographics are making being a landlord look better and better. Key Takeaways: [3:46] It's important not to overlook the importance of population density [6:27] One of the huge drivers of real estate prices is population density [11:10] Even after "graduating" to bigger deals, Jason believes the single family home is the best deal out there Greg Scott Interview: [14:46] Greg's journey to becoming an accidental landlord [18:23] People often don't know whether they're winning or losing [23:29] When you hear about the returns people get from real estate and want to do the same, you have to actually act on it [25:03] Greg's plan for his new multifamily facility [27:49] How worried was Greg when he was investing in property during the Great Recession? [31:55] Does Greg see the same thing about high rental demand as Jason does? Website: www.JasonHartman.com/Properties

From Hong Kong, China, which Jason calls the "Jewel of Capitalism", Jason Hartman delves into what he's seen about real estate and economics from his trip. If you think real estate in the US is expensive, you ain't seen nothin' yet. Then Jason talks with Chris Martenson, co-founder of PeakProsperity.com and co-author of Prosper: How to Prepare for the Future and Create a World Worth Inheriting, about how the era of abundant, cheap energy is gone and our world needs to change with it. That doesn't mean abandoning everything we have now, but just recognizing the actual situation and adjusting our investments/behavior accordingly. Chris and Jason also discuss the future, and whether we're going to see inflation, deflation, or a little bit of both. Key Takeaways: [3:06] Hong Kong real estate has prices per square foot that are unfathomable [7:35] There's always the real economy and the symbolic economy, and they're vastly different Chris Martenson Interview: [11:39] We're coming up to a time when humans are going to have to organize ourselves in very different ways [14:20] There are 2 ways humans change [19:32] It's getting costlier and costlier to get less and less oil out of the ground [22:08] The easy, cheap energy from the past is gone, which explains why the global growth rate for the last 15 years has been subpar [28:09] We're beginning to see that raising children in a dopamine heavy technological world is creating issues we hadn't expected when it began [33:02] We have a lot of debt in our society, so deflation is ready to take over Website: www.JasonHartman.com/Properties www.PeakProsperity.com

Jason Hartman brings you this episode from China with Venture Alliance Member Carmen. Jason describes how his visit to China is influencing his previously held thoughts about the country and how the looming asset shortage is a beautiful things for real estate investors. Then Jason talks with Jorge Newbery, founder and CEO of Debt Cleanse, founder of American Homeowner Preservation and author of Debt Cleanse: How to Settle Your Unaffordable Debts for Pennies on the Dollar, about how he was able to climb out of a $26 million hole and how others can follow in his footsteps. This isn't about cheating your way out of debt, it's about using the same rights that creditors have because you need to protect yourself from predatory lending practices. Key Takeaways: [4:23] Jason got to visit the railroad station that was built to link North and South Korea in the future [7:54] 5 star in the US has nothing on 5 star in Asia [11:26] How Jason's visit to China has changed his views on the China economy [13:39] The looming asset shortage, and why it's good for real estate investors Jorge Newbery Interview: [18:57] Debt may seem simple, but it's a lot more nuanced that you'd first believe [20:42] If you can't afford your debts, the best thing you can do is to stop paying them [23:54] How Jorge got started paying off his $26 million debt [26:31] What kind of errors you should be looking for from your lendors [32:21] The elite have often used debt as a way to enslave the lower classes Website: www.DebtCleanse.com Debt Cleanse: How to Settle Your Unaffordable Debts for Pennies on the Dollar

Today's Flash Back Friday comes from Episode 662, originally published in April 2016. Jason takes a break from a Social Media conference to analyze stories from the USA Today's Money section. He shares the new tech items which will affect real estate pricing in the future, the underemployment issue in the US and the median wage of CEO's of major corporations. Key Takeaways: [4:24] Live video and Virtual Reality (VR) will impact real estate pricing by changing the value of the three cardinal rules of location, location, location. [9:26] A 5% unemployment rate in the US means everyone who wants a job has a job. The real problem is underemployment. [15:10] Some CEO's make $9000.00 an hour while minimum wage workers are looking for $15 an hour. [22:09] Does an early retirement equate to an early death sentence? Mentioned in This Episode: Jason Hartman Venture Alliance Mastermind

Jason Hartman and Adam start off today's show talking about one of Jason's favorite things when it comes to real estate investing: the Housing Affordability Index. The two really look into how the index is created, what elements go into it, and look at how affordable some of the markets they're investing in are. Then Jason talks with James Whittaker, author of Think and Grow Rich: The Legacy and host of Win the Day with James Whittaker, about how Napoleon Hill's original Think and Grow Rich still applies in today's world. James and Jason look at how you can reprogram your brain and why his book still matters all these years later. Key Takeaways: [4:09] The formula for the Housing Affordability Index [8:43] Looking year over year you can see which direction a market's affordability is heading [11:18] How Financial Immaturity is helping investors [14:20] Housing affordability doesn't factor in a critical element James Whittaker Interview: [19:36] What's the big deal about Napoleon Hill's Think and Grow Rich? [22:55] The mastermind principle [28:33] Is everything from the original Think and Grow Rich still valid or do we have to modify it for today's world? [31:19] Opportunities will come, so you have to constantly be ready [35:06] Reprogramming your mind to conquer limiting beliefs and start living with intent Website: www.JasonHartman.com/VAM www.JamesWhitt.com

Jason Hartman starts today's show with his in-house economist Thomas to discuss the new tax law and the impact it can have on people's tax brackets. They also dive in to why the government is interested in keeping the official inflation rate lower than actual inflation rates, as well as when it can really hurt the average citizen. Then we have a clip from the 2019 Meet the Masters of Income Property event where he discussed the good, the bad, and the ugly of self-management. Drew provides some insight into what's happened with the 8 properties he's self-managing right now, how he deals with issues that spring up (Amazon has been a life saver) and lessons learned about relationships with tenants. Website: www.JasonHartman.com/Properties

Jason Hartman and Adam start the episode today discussing landlord friendly markets. Specifically, how you can determine whether you're investing in markets that are. Jason explains an easy (but not foolproof) way to figure out if a market is friendly to investors, as well as another way to find out the difficulties of evicting tenants in your potential market. Then Jason talks with Mark Smukler, co-founder and CEO at Bixby, about self-management. Mark explains how Bixby is designed to help self-managers and some of the best practices those who decide to self-manage can utilize. This includes how to handle maintenance requests, rent collections and keeping a healthy distance between yourself and your tenants. Key Takeaways: [3:49] How to find landlord friendly states [8:03] The most landlord friendly state in the country is Arkansas [10:47] Ask a few property managers to find out how eviction laws in the state/city work Mark Smukler Interview: [14:44] The two ways Mark sees Bixby working [18:15] How maintenance requests and rent collections work in Bixby [22:09] Bixby allows credit cards to pay rents, and credit card fees can be disputed. How does Bixby deal with that? [23:44] Some property management best practices Website: www.LiveBixby.co www.Twitter.com/LiveBixby www.JasonHartman.com/Properties

Jason Hartman and Adam start today's episode answering a listener's question about whether it's better to invest in a single-family home or to look at larger, pooled assets like a 16+ door multifamily. Jason reminds everyone about Commandment #3, which is especially critical in decisions like these. Then Jason talks with Mark Dolfini, Landlord Coach and author of The Time Wealthy-Investor, about best practices for self-managing your properties. Mark discusses the importance of treating your investments as a business and how to create a healthy distance between yourself and your tenants. Key Takeaways: [7:05] Single family homes tend to get better tenants, appreciate better, get better financing options and several other perks over multifamily [10:14] The risks of investing in pooled assets. Don't violate Commandment #3! [12:20] RV ratios for apartments will be higher because of shared walls, but don't let that be your determining factors between the 2. Mark Dolfini Interview: [14:53] You have to think of your real estate investments as a business [17:34] A simple tweak to keep from giving your cell phone number to your tenants [22:33] Whatever you're doing, it has to be scaleable [28:07] The software Mark likes to use Website: www.LandlordCoach.com www.NTNOnline.com www.IVAA.org www.CCMyAdmin.com

Today's Flash Back Friday comes from Episode 371, originally published in April 2014. A best-selling author, speaker and a member of an elite group of "Rich Dad's" advisors, hand selected by author Robert Kiyosaki, Garrett speaks to investors and entrepreneurs on a variety of topics including asset protection, liability limitation, wealth creation, as well as various business and real estate issues. As an advisor for Robert Kiyosaki, Garrett has authored Own Your Own Corporation. Garrett's books provide an accessible source of information for building your own success. A member of the State Bars of Nevada and California, as well as the American Bar Association, Garrett attended Colorado College and the University of California at Berkeley where he received a B.S. in Business Administration in 1975. In 1978, he graduated with a J.D. from University of California's Hastings College of Law in San Francisco. Beyond his desire to educate people and business in wealth protection and growth, Garrett serves on the boards of the American Baseball Foundation, located in Birmingham, Alabama and the Nevada-based Sierra Kids Foundation. Website: www.CorporateDirect.com

Jason Hartman and in-house economist Thomas start off today's show discussing what inflation really is, and how it's measured. There are different ways inflation can be manipulated, whether it's for political gain or belief system. Then, Jason talks with Mark Ferguson, founder of InvestFourMore, about the state of the housing market in Mark's area of northern Colorado. The two examine the lack of inventory, best rehab practices, what (and when) to rehab, and keeping contractors in line. Key Takeaways: [2:38] How inflation really works and what "core inflation" is [6:27] The 3 major ways we're convinced inflation is lower than it really is [9:39] The importance of hedonics and what Jason hates about it Mark Ferguson Interview: [15:13] Mark is seeing a slowdown in his area [18:57] Things are slowing down, so why isn't there inventory available? [22:52] When the market slows down, rents tend to get strengthened [24:57] Best practices for rehabbing properties and keeping contractors honest and accountable [28:05] How do you decide what to rehab? [30:42] Mark's experience buying a strip center Website: www.JasonHartman.com/Properties www.InvestFourMore.com

Jason Hartman is joined today by Kerry and Carmen as he does one of his last shows from the United States for a little while. Jason and Carmen are off to mainland China and South Korea for a few weeks and they discuss what changes Carmen has seen among all her trips. The trio also look at what the Fed rate hikes and cuts have done to the investment real estate market, as it has created an interesting scenarios for buyers that could be very helpful. Finally, Jason has an "investigative report" from the inside of a ride-sharing trip talking with a former employee of Amazon on how we have been misled a little by the company. Key Takeaways: [2:57] How much of the Fed's rate hikes have been in an attempt to "reload the gun" for the future? [6:11] What the apreciating US dollar is doing to investors around the globe [9:16] Rates are coming down currently but prices aren't rising, which means it's a good time to be buying real estate [12:28] Carmen's previous experiences in mainland China [18:03] Jason and Carmen's visit to the Amazon Fulfillment Center and an interview with a former employee [21:37] Amazon pickers are walking at least 10 miles a day to get orders together [23:22] The pay raise that Amazon gave their warehouse employees was offset by a slash in benefits [28:59] Jeremy Siegel's "Looming Asset Shortage" article Website: www.JasonHartman.com/Properties www.JasonHartman.com/Cruise

Jason Hartman and Adam take today's show to look at several articles about today's economy and housing market. The first one is about former Fed Chairman Alan Greenspan's thoughts on the economic state of our country in regards to the growing entitlement culture in America. The other article is about Zillow's foray into the home buying/selling world. Adam and Jason break down how each of these things will impact the average real estate investor. Key Takeaways: [3:34] The 10/1 ratio for the S&P and mortgage rates [10:13] The possibility of investing in assisted living centers isn't as appealing as some make it out to be [15:29] Money goes where it's treated best [16:32] How Greenspan's comments correlate with what the current Fed has said about interest rate hikes this year [19:12] Zillow's venture into the home buying/selling marketplace [22:41] Institutional investors will take a lower return than a single individual [25:31] Warren Buffett's giant problem Website: www.JasonHartman.com/Properties www.JasonHartman.com/Events

Jason Hartman and Investment Counselor Sara are on today's show discussing what makes for the "best" market for real estate investing, as well as branching out into new markets and whether you should buy new construction or rehabbed properties. After Jason finishes his talk with Sara, he talks with Julia, who will be speaking at the event in Savannah, GA about tax liens and deeds. She gives a brief intro to what they are and what she'll be discussing at the event. Key Takeaways: [4:05] What makes a top market? [6:50] Starting to branch out into Pennsylvania [12:36] What some clients across the globe have been up to recently [17:30] New construction versus rehab Tax Liens and Deed Interview: [23:59] An intro to tax liens and tax deeds [24:57] How Julia was able to buy a house in Savannah for simply paying back taxes [27:26] Julia will be teaching how to avoid problem properties and how she evaluates deals Websites: www.JasonHartman.com/Properties www.JasonHartman.com/Events

Today's Creating Wealth Show is all about the ins and outs of real estate investing. Jason Hartman discusses what you can do to find your way on the path to wealth and how you can make the most of taxation (really!). Key Takeaways 1.45 – The path to wealth lies in diminishing our wants as we simultaneously increase our incomes. 07.05 – With taxation being everyone's single largest expense, we need to find a way of working that in our favor. 10.05 – Depreciation tax deduction is, without a doubt, great for real estate investors. 14.04 – Income property gives you the benefit of trading assets through your life without paying taxes – legally. 19.43 – Yet another benefit is that travel expenses such as gourmet restaurant dinners and luxury hotel stays can sometimes be tax deductible. Even trips to the Creating Wealth Seminars and Property Tours could be deductible! Website: www.JasonHartman.com/Properties

There's a lot of money going into tech stocks in today's world, which was the case back in the late 90s. There are some other signs that we may be entering that territory again. Jason Hartman and Adam break down an article that gives 7 signs that we may be headed for round 2 of the dot com burst and see if they agree with the points. Then Jason talks with Tal Tsfany, President & CEO of the Ayn Rand Institute, about free speech on college campuses, how we should be defining things like happiness and selfishness, and why we should be focusing on the self. They also examine the philosophies of those who want to tax the rich in order to redistribute wealth. Key Takeaways: [2:18] Venture Capital investment in tech is around 1999 levels [6:41] The trait behind the boom and bust of the 90s [12:09] How growth stocks vs value stocks relates to the housing market Tal Tsfany Interview: [16:28] What's happening with speech on college campuses is a result of progressive philosophies [18:16] What would Ayn Rand's political views be in today's world? [21:56] Ayn Rand's definition of happiness [25:23] Love is a goal or value that you pursue. It's a spiritual trade [29:20] Ayn's definition of selfishness [33:18] Berkley students in the 60s were reading Ayn Rand to be cool, but not following through on the axioms Website: www.AynRand.org

Have you started teaching your kids how to invest? That's the question that Jason Hartman and Adam tackle in the opening part of today's show. The two discuss some of the more important things you can talk to your kids about in order to set them up for a lifetime of successful investing. Then Jason talks with Anton Ivanov, founder of DealCheck.io, about his real estate journey and what made him create his deal evaluating software. The two also explore what metrics real estate investors can use to best evaluate deals and where to get numbers that will actually give you accurate results. Key Takeaways: [2:55] The first thing you might want to do to teach your kids about investing and how Adam is approaching it with his kids [7:00] Jason's first savings account Anton Ivanov Interview: [14:57] How Anton became an accidental landlord and started his real estate journey [18:07] How the need to evaluate deals led to Anton's technology, and how to evaluate deals in general [21:26] The only sure way to get accurate numbers in cash flow or profit equations [24:13] Some of the metrics Anton loves to use [28:35] Is the future for landlords as good as Jason believes? [35:12] You can buy in blighted areas if you want, but know that they can take a REALLY long time to turn, if ever. Website: www.VentureAllianceMastermind.com www.DealCheck.io - Promo Code CW25OFF

Jason Hartman and Investment Counselor Doug take a look today at how to protect yourself from identity theft. 11 major companies had breaches in the past year, nearly guaranteeing that your information was among them. Hear from these two about steps you can take to protect yourself as best you can. They also look into how the McMansion market is tanking, the need for financial literacy in today's school system and household debt across the United States. Key Takeaways: [6:18] The McMansion glut is here, and the sales prices aren't pretty [9:38] The median retirement savings for Americans aged 55-64 does not show good things [13:35] School systems need to teach financial literacy [17:11] Protecting yourself from the crime of our time: Identity theft [20:20] What locations have had data breaches recently [25:09] You can subscribe to identity monitoring services, but the best thing you can do is educate yourself Website: www.JasonHartman.com/Properties

Jason Hartman and economist Thomas open today's show discussing some less talked about aspects of the 1031 exchange. This conversation focuses on how you can incorporate personal property in your exchange and the deadlines the IRS imposes when you're doing your exchange. Then Jason talks with Rich Dad Advisor and multifamily property investor Ken McElroy about his recent sale of $300 million worth of property, as well as supply levels of multifamily properties, why Ken is still bullish on real estate and the future of interest rates. Key Takeaways: [6:25] How to lump personal property into your 1031 exchange [8:04] IRS time deadlines for 1031 exchanges Ken McElroy Interview: [12:45] Why did Ken choose this time to sell his properties and how did he do it? [17:05] Cap Rate fails to take appreciation into account [19:01] Is there an oversupply of multifamily that's causing rents to not grow as quickly? [23:06] What Ken has learned about his facilities for the 55+ community [24:54] Why Ken is still bullish on real estate [28:38] Capital always looks for safety in the US [32:21] The impact things like ride sharing and autonomous cars are having (and will have) on real estate [35:04] Ken's take on the future of interest rates Website: www.JasonHartman.com/Properties www.KenMcElroy.com

Today's Flash Back Friday comes from Episode 407, originally published in September 2014. Matt Theriault is is an entrepreneur, author and success coach who shows people how to start over and begin a new life setting goals and objectives so they can create wealth and live life to the fullest. Matt is the founder and host of the Do Over podcasts. Website: www.EpicRealEstate.com

Jason Hartman begins today's show discussing where the real growth in wages is happening. Fortunately it's happening in the "real" economy, meaning those jobs that are involved in creating the widgets that we use. That sort of data really helps the linear rental markets that we're investing in. He also provides some economic data that's been released recently. Then Jason talks with Jeff Ferry, Chief Economist at the Coalition for a Prosperous America, about what's going on with the US trade war. Jeff has some ideas on how to close the gap between the US and the rest of the world, but Jason has some questions about whether they would cause inflation. They also look into America's manufacturing sector and why we need to ramp it back up. Key Takeaways: [2:52] People with no college degree are seeing their wages climb faster than people with college degrees [6:21] When you have a strong manufacturing base in a real estate market, you have stability [11:33] The economy has to be made up of many different players, and none of them are unimportant [15:45] Consumer confidence slipped for the 4th time in 5 months and housing starts fell 8% Jeff Ferry Interview: [19:35] Jeff's thoughts on the current trade situation [23:51] One of Jeff's solutions for helping cure the trade imbalance is to reduce the value of the dollar [27:45] How would devaluing the US economy impact our purchasing goods from other countries and how would it impact the economy at home? [30:57] You have to have capital formation for a society to create wealth Website: www.ProsperousAmerica.org

Jason Hartman and his in-house economist Thomas begin today's show by looking at how the tax reform is impacting home ownership across the country. Deductions that use to be highly favorable to many families have now become not as useful as the standard deduction was nearly doubled under the new law. This could cause some people to view purchasing a primary residence a bit differently. Then Jason talks with Blake Harris, NY Times best selling author of the new book The History of the Future: Oculus, Facebook & the Revolution That Swept Virtual Reality, about the impact technology is having on our lives and how virtual reality can (and currently can't) fit into them as well. The two examine who the leaders are on the VR front, what price point you're currently looking at versus how much it may cost in the future and more. Key Takeaways: [6:12] When the government disincentivizes home ownership, investors win [10:38] Some quick and simple math about how changes in the tax law is making some families lose deductions Blake Harris Interview: [14:29] Is the Virtual Reality revolution over before it's even really begun? [17:25] How technology could change the way we look at properties [20:56] What is "affordable" for virtual reality equipment? [22:38] Oculus is the clear leader for now, but who's coming behind them? [26:55] How virtual reality can be used in a social context [30:52] How much farther can virtual reality drive the retail apocalypse? Website: www.JasonHartman.com/Cruise www.BlakeJHarris.com

Jason Hartman and Adam tackle several issues in today's episode, including the potential of Fannie Mae and Freddie Mac returning to a private company, why it can be dangerous to invest in condos and why Jason would allow a lender from Wells Fargo to come to his events. Hear about this and several other current events of the day, as well as the April edition of the mortgage update. Adam interviews Joe the Lender and found out what investors can expect for their loans, the reserves you need to buy homes and more. Key Takeaways: [3:06] Trump has signed a memo to consider ending the government conservatorship of Fannie and Freddie and allow them to return to private companies [7:59] You can be self-reliant and not like government handouts, and think philosophically that things are wrong, but in practice sometimes you should take advantage of the situation [11:19] Why Jason doesn't like investing in condos [15:40] Jason's journey on The Goodyear Blimp [19:06] Why Jason allowed a Wells Fargo lender to come to his events recently [21:38] "Kneejerk Capitalism" Adam's April Mortgage Update: [23:59] What rate can investors be expecting in today's market? [29:13] Reserves needed when seeking a Fannie or Freddie backed mortgage Website: www.JasonHartman.com/Properties

Jason Hartman talks today with Frank Gallinelli, founder and President of Real Data and author of the book What Every Real Estate Investor Needs to Know About Cash Flow & 36 Other Key Financial Measures, about what metrics Frank finds the most important for single family home investors to pay attention to. They also discuss the "holy grail" metric that investors should be using and when you actually SHOULDN'T invest in real estate. Key Takeaways: [4:30] One of the costliest mistakes Jason has made in his life Frank Gallinelli Interview: [6:23] What are the core metrics that real estate investors should be looking at? [11:09] You should try and forecast best case, worst case, and in-between case for your properties [12:32] What is discounted cash flow? [15:07] The holy grail metric is still IRR (Internal Rate of Return) [16:56] A different way to view Return on Equity [20:29] Is there a time where it doesn't make sense to acquire properties? [26:14] Education is absolutely vital to being a good investor Website: www.JasonHartman.com/Cruise www.RealData.com www.VentureAllianceMastermind.com

Today's Flash Back Friday comes from Episode 387, originally published in July 2014. Robert Kiyosaki is the acclaimed author of Rich Dad Poor Dad. The Rich Dad Company has made Rich Dad Scams: 8 Financial Scams Disguised as Wisdom available for free eBook download, so Kiyosaki talks in detail about scams everyone needs to understand. Kiyosaki discusses the fundamental challenges with the traditional school system and how corporate America kills the entrepreneurial genius of many bright workers. He also explains how much money one should have in their bank account. Website: www.RichDadCoaching.com www.RichDad.com

Jason Hartman starts today's show with a bit of a rant. We're in a world where many "gurus" are just sales people who bring you in, promise you the world, then hand you off to low paid people who simply read a script to you. We have to demand better than that. Then Jason talks with Jeremy Heimans, co-founder and CEO of Purpose and author of New Power: How Power Works in Our Hyperconnected World - and How to Make It Work for You, about how movements are started in today's world, why you're seeing power concentrated more and more, and getting more buy in from your audience. Key Takeaways: [3:20] People don't want to be processed [6:40] One of the best, weird compliments Jason's ever received from one of his clients [8:28] Plan your vacations with Jason, next event is coming up in May Jeremy Heimans Interview: [12:46] Old power vs new power [17:34] How do you start a movement? [24:44] We're seeing more and more concentrations of power even when we thought it was decentralized [29:04] How much equity are companies giving to their supporters? Website: www.JasonHartman.com/Cruise www.ThisIsNewPower.com

Jason Hartman starts the episode off with his in-house economist Thomas and the two discuss various parts of a mortgage payment and how each interacts with the other. They also compare whether a 15 or 30 year mortgage makes sense in an inflation or deflationary environment. Then Jason speaks with a new LMS who is offering properties in the central PA area, including York. The LMS explains what markets are supporting the local economy, general tenant profiles, rehab practices and property types that are available. Key Takeaways: [2:01] What makes up a mortgage payment? [5:39] Even with a slightly higher interest rate, Jason believes the 30 year fixed rate still beats the 15 year. Market Profile: [7:18] Why is South Central, PA a good place to invest? [10:08] The target tenant for the market and what employers are supporting the economy [14:30] How transportation fuels the network of the area [16:18] The target property and renovations done [21:00] The rehab process [29:56] Looking for the catch in the market, whether it be Section 8, insurance or property taxes Website: www.JasonHartman.com/Properties

Jason Hartman wraps up day 2, Sunday, from Meet the Masters. With one visitor travelling 22 hours from Australia and nearly 100 people streaming online, the event was a massive success. Listen in as we hear some live clips from Jason, home inspectors, George Gilder from Life After Google, Mani from 2,000 Books, Drew Baker on self-management and more. Website: www.JasonHartman.com/Cruise www.VentureAllianceMastermind.com

Today's episode is all about the first day of Meet the Masters. Hear from attendee Lisa as she discusses why you should come to the event and what she's hoping to get out of Meet the Masters, some tax information from Tom Wheelwright, some lending knowledge from a panel of Jason's lenders, a discussion of rehabs that Local Market Specialists are doing to the properties you're purchasing through our network and more. Website: www.JasonHartman.com/Properties

Today's Flash Back Friday comes from Episode 367, originally published in March 2014. Mike Murphy of the CPA firm Murphy, Murphy, & Murphy is one of the lauded experts invited to speak at the 2014 version of Meet the Masters of Income Property Investing back in January. The topic is one near, dear, and feared by property investors – real estate taxes. There's an old saying, "Nothing is certain but death and taxes." Taxes are a fact of life. Although the prospect of dealing with taxes is not especially appealing, Jason has been extolling the tax benefits associated with rental real estate for years. As America's most tax-favored asset, it can put money back in your pocket (or keep it from ever leaving in the first place) better than anything else. Mike delves into a topic that often confounds our best attempts to understand it. According to current U.S. tax laws, virtually any funds an investor directs toward maintaining or improving an investment property can be tax deductible. Some deductions can also apply to periods of vacancy – the so-called Passive Activity Loss Break – as well as non-cash write-offs for the simple depreciation of the structure itself, calculated over the period of almost three decades. An important point Murphy makes early is that an investment property is broken down into two components: land and the structures on the land. While the cost of the land itself isn't tax deductible, the structure is, which means the residential building you buy in order to rent out to a tenant. Tax breaks flow from the structure, and here are several you need to understand as an investor. Website: www.Murphy3.com