Creating Wealth Real Estate Investing with Jason Hartman

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

Jason Hartman talks with in-house economist Thomas about how interest rates in the past 10 years have compared to one another. The two explain why interest rates can be so difficult to predict and how these past 10 years are compared to the past. Key Takeaways: [3:54] Interest rates aren't completely unpredictable, but they're driven by things where you can't know exactly what's going on [7:11] Interest rates back in 2010 [16:49] #5 on Thomas' list is 2017, when interest rates dipped under 4% [21:25] 2015 makes up the #3 spot on the list with interest rates averaging 3.85% [25:19] The #1 year for interest rates in the past decade [29:33] Remember that real estate deals can be renegotiated Website: www.JasonHartman.com/Properties

Jason Hartman talks with Marc Faber, editor at Gloom, Boom & Doom Report, about what's going on in our economy with the massive asset inflation that's hit in the past few years. The two examine what central banks will have to do in order to deal with the looming shortages and what investments can buck that trend when it arises. Key Takeaways: [5:03] Asset inflation is making the rich richer and leaving the poor and middle class behind [11:10] Will millennials get bailed out by their inheritance from their Baby Boomer parents? [14:25] The 2 investments that will appreciate in a global downturn [16:17] 2 ways central banks can print money [20:49] Inflationary actions can kick the can down the road a long way, but there is one thing that can ruin the party [22:12] There's now a Saturday episode of Creating Wealth dedicated to Guided Visualization Website: www.GloomBoomDoom.com

Jason Hartman talks with client Drew Baker about one of his recent experiences in self-management that differed greatly from when he went through the same thing with a property manager. They also discuss the new community Jason's trying to start up for self-managing investors, as well as why Commandment #21 is in play for a couple of different things right now. Key Takeaways: [2:08] Drew's recent flooring story [9:11] View your tenants as part of your team [12:29] The new community that Jason's trying to build [16:55] Reminder: Wall Street is not the real economy [24:27] The market constantly prices things in, both on Wall Street and the housing market [28:20] Some current manias that may violate Commandment 21 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's Flash Back Friday comes from Episode 937, originally published in January 2018. Jason Hartman starts off today's episode discussing the amazing effect of inflation on assets in all markets. Then he turns his attention toward the upcoming Meet the Masters of Income Property event and gives a little taste of what he'll be discussing (hint: core beliefs investors need to have), as well as why there will be a whole host of Local Market Specialists at the event. Then Jason goes into the first part of his client case study with Gary & Sue Pinkerton. The two give Jason a lot of background on why they're investing in real estate, why they continued investing even when their initial property went horribly awry, the way (and reason) they went about their mortgage sequencing, and how they picked the markets they're currently in. Part 2 will be aired tomorrow. Key Takeaways: Jason Intro: [3:26] Apple's new code release for their old Lisa computer technology, which would have been a $24,700 desktop today, which shows the power of inflation [6:26] Jason will be discussing the core beliefs that we all need to have as investors at Meet the Masters [8:26] What Gary fails to mention at the start of his client case study Gary & Sue Pinkerton Client Case Study: [17:15] Gary & Sue's first property did NOT start off well [22:05] It's crucial to listen to your wife's intuition [25:57] How Gary & Sue decided to split up their mortgages and why [29:06] Why Gary & Sue picked the markets they're in today Websites: www.JasonHartman.com/Properties

In this 10th episode, off-topic show, Jason Hartman talks with Ocean Robbins, decendant of the Baskin-Robbins family and author of the new book 31-Day Food Revolution: Heal Your Body, Feel Great, and Transform Your World, about the state of American's eating today. The two break down how our diets have changed over the years, why some aspects of our diets are the way they are, how to make a more ethical, sustainable world, and more. Key Takeaways: [6:59] Has anything changed since Diet for New America came out? [9:03] There's a lot of money being made on the status quo [12:15] What to do if you want a more ethical, sustainable world [16:34] Jason's theory on meat through the ages [19:23] We aren't getting nearly enough fiber in our diet now [21:08] The key use of willpower is to establish healthy habits Website: www.31DayFoodRevolution.com Jason Hartman's Real Estate Investor Update Alexa Skill

Jason Hartman and Doug start today's show looking at how much money the average 20, 30, 40, 50 and 60 year olds have in their retirement savings. There's a discrepancy that can be frightening. Then Jason finishes his conversation with Laurence Kotlikoff, William Fairfield Warren Professor and Professor of Economics at Boston University, about how his software, Maxifi, can help those people who are planning toward retirement. Laurence explains the intricacies, assumptions that many people don't make when factoring in their savings. Key Takeaways: [4:29] You need to think about how much you're saving for retirement as well as how you're saving for retirement [8:21] The current average savings for those in their 30s [11:19] Amortization is beautiful because it just happens, there's nothing for you to do [14:14] Your 40s presents both a danger and an opportunity for your retirement savings Laurence Kotlikoff, Part 2 [18:31] Is the future inflationary? [19:58] What do we need to do to plan for the future? [26:16] How much time it takes to input your data into Maxifi [29:52] Many people are saving too much for their later life because they're scared Website: www.JasonHartman.com/Properties www.Maxifi.com www.Kotlikoff.net www.PurplePlans.org Jason Hartman's Real Estate Investor Update Alexa Skill

Jason Hartman and Doug start off today's episode with a discussion on the issue of America's retirement savings. There's a looming problem with many people being unable to afford any form of an emergency expense, but also on the other end of the spectrum, as people are getting hit with taxes on their required minimum distributions. Then Jason has the first part of his interview with Laurence Kotlikoff, William Fairfield Warren Professor and Professor of Economics at Boston University, about the massive amount of unfunded mandates that are awaiting the United States. Currently he has that number pegged around $239 trillion, and there are only a few ways that can be resolved. Key Takeaways: [5:03] The Required Minimum Distribution problem [8:14] Equity values going up 8% a year while the real economy is only going up 2-3%, eventually something has to give Laurence Kotlikoff, Part 1 [17:57] The most recent number the unfunded mandates are going to cost [24:52] Does Laurence believe in Supply-Side Economics? [28:00] Consuming your way to prosperity has never worked before and won't now [31:20] How Laurence would have dealt with the collapse of Lehman Brothers to calm the public's response to the start of the Great Recession [35:03] Laurence's take on Jason's 6 ways the government can get out of its hole Website: www.JasonHartman.com/Properties www.Maxifi.com

Jason Hartman and in-house economist Thomas take today's episode to examine the 10 things that are happening in the US and abroad that are making the most impact in 2019. Among them are the US/China trade war, interest rates, the Mueller Report, millennial household formations, and more. Key Takeaways: [2:13] The best thing that's happened so far in 2019 is lower interest rates [4:54] Household formation for millennials is looking really good for investors [7:36] The Fed being receptive of market conditions has been a good omen for 2019 [12:29] The 3% GDP growth they said we needed to "pay" for the Trump tax cuts happened [15:28] Blogcast on Creative Destruction [21:24] The Mueller Report's impact on the housing market [24:06] The US needs to negotiate with China now before we operate out of a position of weakness [26:19] When China sat out the bond auction recently it created a wild swing Website: www.JasonHartman.com/Properties www.JasonHartman.com/Cruise Jason Hartman's Real Estate Investor Update Alexa Skill

Today's Flash Back Friday comes from Episode 892, originally published in October 2017. Jason welcomes client, Clay Slocum to the show. Clay is a millennial who currently has four properties in his real estate portfolio. Before buying his first property, Clay worked diligently with Oscar, his Investment Counselor, and a Local Market Specialist to play around with the numbers and he discovered his initial investment could grow exponentially. Clay shares his insights on the power of compounding interest, asset protection, and the Memphis market. Key Takeaways: [01:10] Jason comments on the Las Vegas terrorist attack. [09:30] Compound interest can be a powerful tool against inflation. [15:12] Engineers take an analytical approach to investing. [17:22] After 18 years, $100,000 grow to 14 million. [24:43] Jason explains a Deferred Sales Trust. [28:39] If you are on the fence about investing talk with an investment counselor. [39:33] Asset Protection is a complicated subject you should speak with a lawyer about. [48:58] Resources for tax help. Mentioned in This Episode: Jason Hartman Real Estate Tools - Property Tracker Software Venture Alliance Mastermind Compound Interest Calculator

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