Creating Wealth Real Estate Investing with Jason Hartman

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

Today's Flash Back Friday comes from Episode 971, originally published in March 2018. Jason Hartman starts off the show discussing how home sales are strong, even if they're a lagging indicator, and where exactly they're really taking off. Then Jason talks with client Brandon Cook, a young member of the Venture Alliance Mastermind, about his journey investing in real estate. Brandon is currently the owner of 6 properties and is looking forward to more, and talks about breaking through the initial hurdle of investing. Key Takeaways: [2:33] Home sales are very strong, but remember they lag [4:57] A suprise in the hottest housing market category [11:41] Jason's latest book recommendation: The Effective Executive Brandon Cook Interview: [16:35] Brandon discovered Creating Wealth and started listening at Episode 48 [22:05] The first one is always the hardest [30:41] What has Brandon learned on his investment journey [33:20] Introducing the Jr Venture Alliance Mastermind membership! Website: www.VentureAllianceMastermind.com www.JasonHartman.com/Properties The Effective Executive

Jason Hartman and Investment Counselor Adam start off today's show discussing the mindset of investors that needs to change. The whole idea of a "discount" isn't a reliable methodology for investors, things should be viewed in a win-win lense. Then Jason talks with Gabriel Weinberg, founder of DuckDuckGo and author of Traction: How Any Startup Can Achieve Customer Growth and Super Thinking: The Big Book of Mental Models, about how you can use some of the mental models to help you achieve the returns you desire. They also touch on the problem of achieving privacy in today's world and how DuckDuckGo helps in that. Key Takeaways: [3:31] As an investor you don't have to get things at a discount, you need to get them at fair prices [5:29] You don't necessarily get the fantastic deal the day you buy it, you get a good deal at the beginning and it becomes fantastic over time [8:14] Join Jason on the upcoming cruise Gabriel Weinberg Interview: [10:34] What is Super Thinking? [15:06] The Mental Model of Forcing Function [18:58] The model of Deliberate Practice [23:47] Beware of Hindsight Bias [27:35] To really get outsized returns you need to make a bet on the future Website: www.JasonHartman.com/Cruise www.SuperThinking.com www.Twitter.com/Yegg

Jason Hartman talks with Gary Boomershine, real estate coach, real estate investor and founder of REIvault, about the differences between real estate investors and a real estate entrepreneur, as well as ways that you can protect yourself from inflation. Gary and Jason discuss the great part of buy and hold investing and what Gary sees as the future for the economy and real estate. Key Takeaways: [2:51] What is a real estate investor? [6:50] Gary used to flip houses but now regrets every house he ever sold [12:07] Gary's experience as a hard money lender [18:15] Gary's take on the VRBO market [24:56] First position lending can be a hedge [30:54] Right now Gary's a bit pessimistic about the market and is taking some chips off the table, while some of his cohorts are going full in [33:21] The 3 areas Gary believes need to be very careful in today's market Website: www.JasonHartman.com/Vault www.JasonHartman.com/Properties

Jason Hartman and Adam today break down a video about how Fannie Mae and Freddie Mac influence the housing market in the United States. While their publicly stated goal is to make housing in the country more affordable, are they really doing that? Listen in to find out. Key Takeaways: [1:49] Fannie Mae Going Away? [4:09] The idea that we need a high home ownership rate is a false idea [8:41] How Fannie Mae props up the housing market [13:24] Fannie & Freddie have a stated goal of making housing more affordable, but they don't do that at all [22:55] If you're investing for yield rather than capital gains, the price of the house has much less importance [26:01] The importance of sustainable investing Website: www.JasonHartman.com/Properties How Fannie & Freddie Prop Up America's Favorite Mortgage by Wall Street Journal

Jason Hartman talks with client Rabbi Evan Moffic about his current real estate investing. Evan owns several single family rentals and is currently purchasing a short-term rental new build in Florida. Jason and Evan discuss some real estate investing strategy and how Evan's faith comes in to play and what it's taught him. Key Takeaways: [3:11] Rabbi Evan is venturing into his first short-term rental [6:21] Why Evan started investing in real estate [10:42] The first time it's a mistake. The second time it's a decision. [19:10] A ratio for successful relationships [24:56] It's the context, not just the content [29:32] Real estate has massive inertia that's incredibly difficult to stop 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 6th installment of our guided visualization journey. Website: www.JasonHartman.com/Properties

Today's Flash Back Friday comes from Episode 962, originally published in February 2018. Jason Hartman kicks off the show talking about an important topic in rental property today, and that is the lack of affordable homes. Supply is dropping across the nation and there aren't a whole lot of options for what to do about it. Listen in for Jason's piece of advice. Then Jason wraps up his client case study with Scott. Scott and Jason finished the last episode talking about how Scott wouldn't have been able to find all the properties he needed to complete his 1031 exchange without Jason's group. They pick up the thread today and then go into why Scott's dad couldn't make residential real estate work, and property manager experiences and differences in office space vs residential property management. Key Takeaways: [2:46] The barbell that is crushing the supply of affordable homes [6:56] The millennials make up one side of the barbell, but the Baby Boomers on the other side are doing something new and it's causing a disruption [9:38] How bad is the inventory level? Pretty bad, and Jason has some market examples to prove it [13:36] One of the solutions to this inventory shortage is get what you can get and hope the market calms down Scott Client Case Study, Part 2 [21:14] Why Scott's dad wasn't able to make residential real estate work when he tried decades ago [23:51] Scott's experience with the property managers in Jason's network [28:25] The difference in self-management in office space versus residential Websites: www.JasonHartmanUniversity.com www.JasonHartman.com/Properties

Jason Hartman starts today's show talking with economist Thomas about the phenomenon going on in New York right now of people voting with their feet. The two tackle a video that suggests that the state could end up losing two congressional seats, which would be a big deal. They examine why it's happening and what it means to the real estate market there. Then Jason talks with Nobu Su, chairman of the shipping company Today Makes Tomorrow and author of The Gold Man From the East. Back in the 2008 financial crisis, Nobu's company was a $5 million victim of Western bankers. Nobu is now fighting back, suing the institutions that took his money and trying to tell his story so others don't suffer the same fate. Key Takeaways: [3:03] People are leaving New York, which could lose the state 2 congressional seats [7:05] Even if the numbers worked in New York it's not a good place to be a landlord Nobu Su Interview: [9:23] What's the status of Su's lawsuit against JP Morgan? [17:05] How long can our country keep going like we are? [19:10] What is Nobu Store? [22:59] The history of Nobu's career Websites: www.Nobu.store www.Twitter.com/Nobu__Su

Jason Hartman starts off today's episode with Carmen discussing her current issues she's having with her property manager and getting her property rent ready, past due rent collected and a new tenant put into place. It's a much bigger process than it should be and the price tag seems way too high. Jason gives his take on what you as the property owner and investor can do to make your process easier. Then Jason talks with Mauricio Rauld, Esq, attorney who specializes in syndications, about what Opportunity Zones can mean for investors. Mauricio breaks down the tax incentives that have been presented, but also why you may not want to invest in them. Key Takeaways: [1:58] The Law of Agency [7:39] The potential dangers of the portal with property managers [12:10] Carmen's property manager didn't even put her name anywhere on the lawsuit against her tenant who hasn't paid their rent [16:27] The Cuba cruise couldn't happen, but there's another one planned Mauricio Rauld Interview: [18:33] What's the deal with Opportunity Zones? [20:30] The 2 things you need to do to invest in Opportunity Zones [24:47] The 4 tax incentives of Opportunity Zones [28:59] Will a mass of properties from Opportunity Zones hit the market in 10 years? Website: www.JasonHartman.com/Cruise www.PremierLawGroup.net

Jason Hartman talks with Romana King, award winning real estate writer and director of content for Zolo, about what's going on in the Canadian real estate market (specifically Vancouver), as well as some of the best tips for real estate investors. Romana is another buy and hold real estate investor, and she and Jason explore what the best practices are in that marketplace. Key Takeaways: [5:50] When you purchase a property, the value isn't in the property it's in the land [8:56] Canadian financing options [13:13] Romana's take on Opportunity Zones [16:09] What is Zolo? [18:42] Romana's tips for purchasing investment properties [22:26] Some signs that the area might be a good one to invest in Website: www.Zolo.ca www.RomanaKing.com

Jason Hartman talks with Doug about short-term debt cycles and what's going on with our economic expansion that's been happening for years. It's been going on for a long time, and at some point it's going to turn, so how do we recognize it? Key Takeaways: [3:49] The Wealth Effect in a booming economy [6:23] What precipitates the turn of the economy? [12:45] The principles that drive the stock market are the same ones that drive real estate [16:19] Can GDP growth and stock market growth have diverging rates of growth for extended periods? [21:36] The primary reason this economic expansion has gone on so long is that it hasn't been inflationary [27:56] The looming pension crisis Website: www.JasonHartman.com/Properties Invest with Sven Carlin, Ph.D. on YouTube

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 5th installment of our guided visualization journey. Website: www.JasonHartman.com/Properties

Today's Flash Back Friday comes from Episode 959, originally published in February 2018. Jason Hartman starts off the show today with a reminder: housing is NOT at an all time high when it comes to payments (which is how people really base their decision to buy), and housing is still where it's at. Then Jason has the first part of his client case study with Scott, from Washington DC. Scott owned a bunch of retail property previously, but recently sold all but one of them and shifted his focus toward residential real estate. Jason talks with him about why he made that decision, what the process was like doing his 1031 exchange, how his experience with property managers has been, and more. Key Takeaways: [1:43] Housing is where it's at [5:32] Housing is NOT at an all time high based on the payments being made [8:46] Everybody's a genius in a bull market Client Case Study with Scott: [14:41] Was Scott worried about the retail apocalypse when he purchased all the shopping centers? [17:30] Scott & Kelly's evolution from shopping centers to single family homes [21:04] What happened in the commercial real estate sector last year that led Scott & Kelly to dive headlong into residential? [25:19] Depreciation makes income properties the most tax favored asset class in America [26:01] Scott's adventurous time doing his 1031 exchange on his commercial property that aged him 2 years in 45 days [31:05] Why Scott is glad Jason's group exists Website: www.JasonHartman.com/Properties www.JasonHartmanUniversity.com

Jason Hartman starts off the show from the Baltic Sea where his cruise is currently taking him. He explains how the brand of the US has covered the whole world, including Russia. Then Jason talks with Michelle Tillis Lederman, author of The Connector's Advantage, The 11 Laws of Likability, Heroes Get Hired and Nail The Interview – Land The Job, about how likability works and the mindset you have to have in order to succeed in business. There's no way to make people like you, but there are ways to present yourself that will allow you to have a better chance of being liked. Key Takeaways: [8:05] Jason's meeting with the Russians to get Coco into the country Michelle Tillis Lederman Interview: [13:20] What is Mood Memory? [16:43] How do you segue out of a conversation without offending the person you're speaking to? [20:15] The definition of a "niche connector" [22:28] The 7 Mindsets of connectors [26:14] Always have the mindset that when you connect online your goal is to bring it offline Website: www.MichelleTillisLederman.com

After giving a quick update on his cruise travels, Jason Hartman talks with Taylor St Germain, economic analyst at ITR Economics, about why lower interest rates haven't spurred the higher end housing market. The two also discuss what indicators Taylor looks at to get a gauge on the economy and the impact tariffs have had and may still have yet to come. Key Takeaways: [5:49] Are lower interest rates good news for cyclical markets or are they just too overpriced? [10:16] The rise in wages has helped the economy but it's not changing the overall trend or forecasts [14:13] Why are housing starts so important? [19:19] ITR's concerns with the tariffs currently being put in place [23:35] More tariffs could potentially put us in a recession, so be very careful if we see more coming Website: www.ITREconomics.com

Jason Hartman talks with investment counselor Sara about some things going on in the market right now. The two discuss the state of inventory going on as sales are slowing even though inventory is still a little low. They also discuss the "trust but verify" philosophy as you deal with everything involved with closing on your property. Key Takeaways: [5:52] Amazon has reached a deal with developers to hard wire Alexa into new builds [9:34] Show your LMS your inspection and give them a chance to fix things and don't let them rush you to close [13:48] Some provisions you can put in place for the escrow money [19:19] The state of inventory in the network [22:55] Buying down your interest rates with points [29:28] It's important to find not just the best market but also the best team Website: www.JasonHartman.com/Properties

Today's show features a client case study and this month's mortgage update. After a brief hello from his latest destination, Adam talks with one of the network's lenders about what mortgage rates people are getting this month and what's driving the change in rates recently. Then Jason talks with client Damon Santa Maria about how he's accumulated his 20 properties in the past 6 years and what his investing plans are moving forward. Damon is self-managing two of his properties and gives some of his best practice tips on metrics he uses and investing in general. Key Takeaways: Mortgage Update [7:09] What rates can investors get today? [9:44] Mortgage applications for investors aren't as heavy as you'd expect with low interest rates [11:44] Is there any movement in the refi market? Damon Santa Maria Client Case Study [14:51] Why Damon started investing in real estate [17:29] If your tenants are staying for a long time, make sure your rents aren't too low [20:50] Damon's experiences with buy and hold rentals [24:07] Damon is self-managing his property in Houston and it's working out well [29:14] Don't gloss over your maintenance percentages when looking at cash flow and reserves 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 fourth installment of our guided visualization journey. Website: www.JasonHartman.com/Properties

Today's Flash Back Friday comes from Episode 922, originally published in December 2017. There's a whole lot going on in the economic world today, so Jason Hartman decided to talk to Cody Mamone, CTP, a Vice President for PNC Bank, about what on Earth is going on in the cryptocurrency world, and how it might be impacted by Bitcoin now trading on 2 exchanges in the United States. The two also delve into the growth of consumer debt in the past 5 years, as well as where interest rates may be headed and how much of an impact even a slight change in rates can have for investors and homebuyers. Key Takeaways: [5:00] The difference between saving versus savingS rates [9:49] The Fed has some useful data that can be used for your investing research, and one thing in the consumer credit reports stuck out [11:53] The growth in consumer (and student loan) debt in the last 5 years has been astounding [14:45] Cryptocurrency mania is going crazy and it's not a healthy thing [17:04] The REAL environmental destruction that cryptocurrencies are creating [19:58] What's going to happen to Bitcoin now that it will be traded on 2 exchanges? Will the volatility finally end? [26:12] Where are interest rates headed? Websites: www.JasonHartman.com/Properties www.PNC.com

Jason Hartman and Adam start today's show looking at some Zillow stats relating to median home prices and what the average American can actually afford. Then Jason talks with Jennifer Hsieh, VP of Homes and Villas at Marriott International, about how Marriott is working with short-term rental property owners to become a big player. Jennifer explains why she doesn't feel the short-term market is over supplied and whether this is all just a fad. Key Takeaways: [2:50] Self-managing isn't as difficult as you may believe, which can be aided by Jason's new Empowered Investor Community [6:47] Median home price today is around $227,000 according to Zillow [10:36] Median household income compared to median home prices is creating affordability issues [15:59] What to do as an investor if home ownership rates decline, rents start rising and GDP slows Jennifer Hsieh Interview: [21:54] Big players have been entering the short-term rental market for a while [24:05] How does entering your property into the Marriott branded pool work? [26:30] The target demographic [30:14] How do companies like Marriott take care of customers when it comes to short-term rentals? [32:40] What happens to the short-term rental market when the economy turns Website: www.JasonHartman.com/Properties www.HomesAndVillasByMarriott.com

Jason Hartman does another client case study with Lisa, and today is all about metrics. Lisa has seen the Pro Formas available on Jason's website but wants to know which lines are the most important to be looking at when evaluating a property. Then Jason and Lisa move on to self-management and some ways to find a handy man that are outside the norm. Plus, don't forget to celebrate Financial Freedom month throughout July! Key Takeaways: [3:31] The 3-5 things Jason looks at first in the Pro Forma [9:22] The very first thing you need to do when looking at any Pro Forma is checking the assumptions [12:44] Don't forget to watch and re-watch the 27 minute video that goes over the Pro Forma line by line [13:42] How Lisa used Lowe's to find a handy man [17:37] Why Jason's so excited about his new Empowered Investing Network [19:25] What to do for Financial Freedom month (coming this July) Website: www.JasonHartman.com/Properties Quick Start Podcast

Jason Hartman talks with Andrew Rybczynski, Senior Consultant at CoStar Portfolio Strategy, about what is happening on the construction side of both single family and multifamily properties. The tight labor market is causing unit completion to slow significantly, but there are a massive number of units being started. The two look at the impact of more millennials living at home on the shadow demand for apartments and whether renter demographics are still looking good. Key Takeaways: [3:22] We're seeing a lot of construction all around the country, what's the supply/demand outlook? [7:02] How much are construction costs going up? [11:02] We're not building single family homes as much as we used to [13:45] About 32% of adults 18-34 are living with their parents [16:57] Looking at the spread between an apartment cap rate and a triple B bond [20:52] How Andrew views renter demographics over the next 10 years Website: www.JasonHartman.com/Properties www.CoStar.com

Jason Hartman and Adam join forces in today's episode to discuss some of the recent economic stats the National Association of Realtors released and why they're important for real estate investors. Adam also has a talk with one of the network's lenders about current mortgage rates, and then the two tackle listener Robert's question about real estate investing during a deflationary period (when Inflation Induced Debt Destruction doesn't factor in). Key Takeaways: [4:00] Foreclosures are down, which is both good and bad news for us as investors [7:36] The 2 ways of determining pending home sales [11:31] June mortgage update [16:29] Listener question from Robert about deflation concerns [20:47] How real estate rents fared during the 30s and 40s in single family and apartments [24:05] In the past 54 years the number of cost burdened renters has doubled because wages aren't keeping up with rent growth [30:44] Just because deflation happens doesn't automatically mean your rents are going to go down Website: www.JasonHartman.com/Properties www.JasonHartman.com/Ask PropertyCast How Have Rents Changed Since 1960?

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 third installment of our guided visualization journey.

Today's Flash Back Friday comes from Episode 920, originally published in December 2017. Jason Hartman starts off the show with Investment Counselor Carrie from a single family investment trade show in Phoenix, Arizona. The two have been meeting vendors at the trade show and are absolutely amazed at the opportunities that smart technology is creating for investors. These innovations will allow investors to truly increase their profits as they become more comfortable self managing their properties across the nation. Then, Jason talks with Cameron Herold, author of Double Double: How to Double Your Revenue and Profit in 3 Years or Less, and Meetings Suck, about how his Vivid Vision can clarify your purpose and help you get on the right path. It's imperative that every business knows exactly what the mission is, and that every employee in the business knows where the company is headed. It's the only true way to get, and stay, ahead of the competition. Key Takeaways: [3:32] There's technology coming that will allow you to review tenants (and have them review you) [8:14] Smart technology is making it easier to self-manage properties from a distance, and increasing your profits in the process Cameron Herold Interview: [14:15] How writing your Vivid Vision can author your future [17:39] Reverse engineering your Vivid Vision [20:26] Finding the "sweet spot" in length for your Vivid Vision, and how to properly use it [23:43] What should you do with your Vivid Vision? How much does David share his? [28:32] How to run meetings properly [31:41] How long should you book your meetings? Websites: www.CameronHerold.com

Jason Hartman talks with Dr. Warren Farrell, author of books such as Why Men Earn More, The Myth of Male Power and his newest book The Boy Crisis, about the various waves of feminism and what each has done to male/female relationships. Warren explains why he was originally part of the National Organization of Women (NOW) and why he eventually left, as well as the importance of male figures in children's lives. Key Takeaways: [2:29] Dr Farrell left the National Organization of Women when the members demanded that children of divorce be kept with their mother, not the father [5:14] Want to know how messed up the world is? Check out dating sites [7:34] Examining the 3 waves of feminism, have they been a good deal for women? [10:55] There's a movement among men who have started thinking that the current family dynamic isn't a good deal because they lose everything if the marriage fails [13:32] When researching for The Boy Crisis, Warren found 70 ways that boys were being harmed when they didn't have a mother and father influence in their lives [16:46] At every stage of the prison sentence, the discrimination against men is drastic [18:14] The pay gap isn't between men and women, it's between dads and moms [24:40] Women who have never been married and never had children earn 17% more than men do [29:55] A vast majority of men in prison are fatherless [34:12] The male/female sexual tango is completely out of rhythm at the moment Website: www.WarrenFarrell.com

Jason Hartman and Investment Counselor Carrie take a look at some of the prime markets where first time buyers are looking to buy, with several of them being markets his network is currently selling properties. Then the two look into some responses from listeners about some personal information they shared before coming to Meet the Masters as Jason tries to learn more about his friends. Key Takeaways: [2:28] Where first time buyers are looking to buy [6:05] Terminology that Jason thinks needs to be used [9:16] Tampa made the list of places people are looking to live, and it's also a market Jason's group is looking at potentially going into [15:24] The Millennial Struggle House and Home Blogcast [20:58] Some responses from the Meet the Masters question about some interesting facts about attendees [25:09] What life lesson Jason learned from his mom when learning to fly Website: www.JasonHartman.com/Properties

Jason Hartman talks with Dr. David D Friedman, son of Milton Friedman, former professor at Santa Clara University in the Law School, and author of books such as The Machinery of Freedom: Guide to a Radical Capitalism and Law's Order: What Economics Has to Do with Law and Why It Matters. The two dissect what role the government should have in society: what it's capable of and what it need to steer clear from, while also delving into the 4 problems that need to be addressed in a feud system. Key Takeaways: [3:21] How David's thinking is similar and different than his father's [5:34] Can the government actually be out of everything? [9:55] One of the mistakes that supporters of free markets make is implying that things won't ever go wrong [13:25] Market failure is a mark for and against government [19:17] What David learned about feud law when looking at various legal systems [23:12] Making the tort claims transferable would make our legal system much better Website: www.DavidDFriedman.com

Jason Hartman talks with Doug about why there's been a decline in inventory and what shortages are abound in the housing market. In examining several videos about the housing market and economy, Jason and Doug also look at what impact privatizing mortgages could have and housing affordability in Canada. Key Takeaways: [4:52] The big housing shortage is not in McMansions, it's in the 100k range [8:18] The problem with waiting for the next recession [13:09] Inventory has declined, which has caused upward pressure on prices [19:29] When large developers start building an area, they have to keep the sales going in order to make money, so prices can fluctuate [23:25] The potential impact of privatizing is a prevention of markets overheating Website: www.JasonHartman.com/Properties Email your Spam to [email protected]

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 second installment of our guided visualization journey.

Today's Flash Back Friday comes from Episode 917, originally published in December 2017. Jason Hartman is happy to bring one of his clients, Adam Jackson, on to the show to talk about his journey into real estate investing. Adam started buying properties toward the end of 2016, and has subsequently purchased 11 homes in the past year on his quest for financial freedom. Adam shares what markets he's currently invested in, where he's looking to expand, keeping score with personal financial statements, and keeping a healthy balance. Key Takeaways: [9:00] 2018 is predicted to be an earthquake heavy year, so be careful with your property in earthquake zones [12:22] Venezuela is the latest example of runaway inflation [15:35] Invest in commodities and fight inflation with income properties Client Case Study with Adam Jackson: [17:53] Who is Adam Jackson? [23:32] Where Adam bought his first property, and why [25:43] Why Adam chose to buy a home with cash [33:32] When you suffer through an expensive repair, remember that your loss is shared by the government on your tax return [36:10] How to keep score via financial statements [41:04] The P vs PC Balance [44:10] Adam's attempt at the abundance mentality and trying to pass along whatever wisdom/money/time he can [47:51] Focusing on a few things in-depth is better than a little bit of everything Website: www.JasonHartman.com/Properties Magic Power by Triumph

Jason Hartman talks with G Edward Griffin, author of The Creature from Jekyll Island, about corporate scams. Too many people hide behind the veil that corporations offer; ripping off consumers and shareholders and letting the company take the punishment. G Edward and Jason discuss this topic, as well as how we can actually change things to allow society to hold those responsible accountable. Key Takeaways: [3:47] It can perfectly legal to extract millions of dollars from a company while the shareholders value drops to 0 [6:53] Trying to punish "the corporation" just means that shareholders get hurt [9:23] How do we hold someone accountable when a corporation does something bad? [11:09] How to actually make change happen to fix this problem [14:16] Governments have a perpetual lien on your property. There's no such thing as owning something "free and clear" [20:15] What is reasoning behind people like Soros when they pump money into politics? [22:51] The Fabian Socialist Society believed you took over society gradually [26:30] At what point is it proper for the state to intervene? Website: www.RedPillExpo.org www.FreedomForceInternational.org www.RealityZone.com