Creating Wealth Real Estate Investing with Jason Hartman

Jason Hartman takes today's episode to discuss how investors can cash flow in a world that features increasing interest rates. With the Fed continually raising rates on their way to their goal, investors are seeing their rates slowly rise. Jason takes some time to discuss 3 strategies investors can use to help profit during these times and bring a new report from the self management journey of client Andrew Baker. Finally, producer Adam talks with a lender from the network about where rates are today, where they're expected to go in the next few months, and where they're likely to end up once the Fed stops raising. Key Takeaways: [4:20] What things to expect coming back to the market as interest rates rise [7:59] Pricing a mortgage from the perspective of the mortgage company [9:12] Calculate when your break even point for paying a buy down is to determine whether or not you should do it [11:49] Some more from Andrew Baker's self management adventure Mortgage Minutes for October 2018 [24:39] Do points make sense right now? [27:22] Where can we expect interest rates to be by the time the Fed is doing raising rates? Website: www.JasonHartman.com/Properties Profits in Paradise Jason Hartman's Alexa Flash Briefing The PropertyCast

Today's Flash Back Friday comes from Episode 698, originally published in July 2016. Today's guest Shane Sauer is a Co-Founder of RentFax, a company which pairs real estate industry knowledge with technology tools to help investors analyze their income property investment risk. The goal is to find good, stable rental neighborhoods for long-term buy and hold investments. Shane shares the sources of the information RentFax uses to calculate their property scores and what other due diligence is necessary when buying income property. Key Takeaways: [2:00] Business Insider Labor Market Article: Millennials grow up, increasing the US birth rate. [8:39] Property analyzers are not the holy grail of real estate. Technology is only as smart as the input it receives. [12:18] Phoenix, Arizona is the site of the next Creating Wealth event in September. Shane Sauer Guest Interview: [15:03] Rentfax reports scores rental properties on anticipated Risc (rental income stability composite), rent and vacancy rates. [19:03] Does this software help real estate investors make the best investment decisions? [24:13] Rentfax partnered with geospatial data experts to filter 100 different data points on potential properties. [30:29] ROI is not only Return on Investment but also Return on Involvement or Effort to Earn. [33:23] Using the average tenant's duration as a measurement for vacancy rates. [39:07] Rentfax doesn't distinguish between Section 8 neighborhoods and Non-Section 8 neighborhoods. [42:23] Real estate investors should educate themselves and aggregate information before buying. Mentioned in This Episode: Jason Hartman Creating Wealth Episode 693 - Buy-Downs Hartman Education Venture Alliance Mastermind RentFax RentFax on Facebook

Jason Hartman begins this episode on a somber note, talking with Phil in Myrtle Beach about the aftermath of Hurricane Florence. Phil discusses what the status of his neighborhood is, the good deeds being done in the area, and how he expects his tight knit community to protect each other in the aftermath. Then Jason moves to a happier subject, talking with client Diana Dine about her experience investing in real estate. Diana just recently bought her first home and is now up to 5 properties between Jackson and Memphis. She recently went to both cities to meet with the Local Market Specialists and discusses her future plans as she moves toward her financial independence. Key Takeaways: [3:14] The power situation in Phil's neighborhood [8:17] What can people do for the hurricane damaged communities right now? [11:34] The aftermath of the hurricane is generally worse than the actual hurricane Client Case Study with Diana [13:59] Why did Diana get interested in real estate? [18:00] Diana decided to buy her first property at the 2018 Meet the Masters [19:20] Diana's experience meeting the Local Market Specialists [23:49] How many properties Diana thinks she needs to reach financial independence Website: www.TritonRelief.org www.JasonHartman.com/Properties Profits in Paradise Jason Hartman's Alexa Flash Briefing The PropertyCast

Today's bonus episode starts with a dive into what Jason has been saying for a while, and what the ultra-wealthy are taking advantage of. Leverage debt and keep a high loan balance. Listen in to find out why. Then Jason concludes his 10th show interview with James Arthur Ray. The two finish their discussion on what wealth truly is, and also look at what we've all done in our life that we need redemption from, why the onus is always on the business owner, and more. Key Takeaways: [3:46] The best insurance during natural disasters is a high loan balance, because you're the ones they will be helping out afterward. [6:57] The ultra-wealthy are leveraging debt and getting phenomenal interest rates [10:20] Bailouts during the Great Recession fueled populist anger because they helped companies, not the people [12:50] What an aide told Jason was the reason they bailed out the institutions James Ray Interview: [17:56] We all need redemption because most of us have sold out our meaningful life for money [22:25] You HAVE to understand that leaders make decisions. Website: www.JamesRay.com www.JasonHartman.com/Properties Profits in Paradise Jason Hartman's Alexa Flash Briefing The PropertyCast

Jason Hartman starts off the show with a look at some important economic indicators. Some of the data is showing strength for another 2 years or so, but there are some signs of cooling. Existing home sales and housing starts are also important to look at when thinking about the future. Also, Jason is glad to see that behemoth companies like Facebook and Google are finally (potentially) going to be reined in. Then Jason has the first half of his interview with James Arthur Ray. The two spend most of this interview discussing what actually happened at the sweat lodge in Sedona when 3 people ended up dying. They also start their look into what wealth actually is. Key Takeaways: [4:55] The economy is booming now, but there are signs of cooling [7:34] Existing home sale numbers and the most long term indicator of the housing market [12:25] Jason's terrible at predicting interest rates, but he has one place you can go where they know what to expect [16:09] There is finally going to be some pressure put on Facebook and Google James Ray Interview: [19:05] What happened in the Sweat Lodge Incident in Sedona [23:12] When something goes sideways in your business, there's only one person in the crosshairs, so you better get used to it [27:51] James believes that the media wasn't willing to report some facts because they weren't sensational enough [29:53] The greatest battle you'll ever fight is the battle to be unique Website: www.JamesRay.com www.JasonHartman.com/Properties Profits in Paradise Jason Hartman's Alexa Flash Briefing The PropertyCast

Today's Flash Back Friday comes from Episode 524, originally published in June 2015. When Fernando first met Jason, he had a goal to purchase enough properties to successfully achieve 'financial independence day'. A couple of years later, he built an impressive portfolio and is now retired from his job at Apple Computers. Fernando is now one of Jason's investment counselors and today he hopes to answer some common questions his real estate investor clients have been asking him. Key Takeaways: [2:00] Jason would love to have listeners on the show. Fill out a guest form at JasonHartman.com/Jason. [4:45] In the membership section of JasonHartman.com, the audio players use Flash. Jason's team is fixing this. [9:15] What's the process if you want to get started in real estate? [16:35] Listen to the Creating Wealth podcast to get a free education on real estate. [18:25] Please listen to episode 405 and learn how to read a property pro forma. [21:45] You learn a lot just by coming to one of Jason's live events. [29:45] Jason's business model is a simple one. They work on referrals and don't charge you a dime. [32:00] You can own property without an LLC, but please read Mark Kohler's book, What Your CPA Isn't Telling You. [37:35] You can have a good or bad tenant on any A, B, or C class property. [39:25] Last thoughts? Don't over think the numbers too much. We are here to help you through the process, all you have to do is start. Mentioned In This Episode: http://www.jasonhartman.com/cw-485-real-estate-investing-chicago-jason-hartman/ http://www.jasonhartman.com/cw-508-market-profile-on-jackson-mississippi-with-market-specialist-brad/ http://www.jasonhartman.com/creating-wealth-255-memphis-foreclosure-profits/ http://www.jasonhartman.com/cw-405-how-to-read-a-property-pro-forma/ https://www.youtube.com/user/JHartmanRealEstate http://www.jasonhartman.com/cw-514-client-case-study-with-philip-sullivan-in-the-atlanta-kansas-city-and-little-rock-real-estate-markets/ http://www.jasonhartman.com/cw-458-david-porter-platinum-properties-client-speaks-succesfull-income-property-investment-retail-shipping-us-economy/ http://www.jasonhartman.com/cw-459-client-case-study-70-units-fernando/ What Your CPA Isn't Telling You by Mark Kohler www.MarkJKohler.com

Jason Hartman is joined by his "brother" Dan as the two discuss the value networking. Dan (who Jason considers to be one of the best networkers he's ever met) gives some tips on how to break through to your networking targets, and how crucial the network becomes when recessions start affecting you. Jason also goes over some new information he discussed in the previous episode, as he discovered how much money millennials are actually spending on rent and what that's led them to give up. Key Takeaways: [1:38] Is Jason the most experienced person in his field? Try and beat his roughly 10,000 deals [5:32] The value of networking [11:00] Always be conscious of the other person [14:58] Millennials are spending 45% of their income on rent [20:39] What has to give when the percentage of income is higher than before? [23:41] The financial crisis was 10 years ago last week, and terrible advice is still being given [26:16] In downturns, the people who get the bailouts and the most help are people with the high loan balances [28:58] Your network is going to be even more important when downturns happen Website: www.JasonHartman.com/Properties Profits in Paradise Jason Hartman's Alexa Flash Briefing The PropertyCast

Jason Hartman starts off this backward show with guest Scott, who's an attorney who will be speaking at the upcoming Profits in Paradise about asset protection. The two explore the benefits of a Series LLC and some best practices for asset protection. Then Jason goes solo and discusses where wage growth is happening in the US (and where it's not), and how trade wars and interest rates are connected right now. Key Takeaways: [3:25] What is a Series LLC and how can it benefit a real estate investor? [6:43] The best asset protection you can get defeats lawsuits before they even start [11:45] What kind of things will Scott be presenting in Hawaii? [17:57] The first part of asset protection is financial privacy [20:24] Real wage growth in Hispanic homes was more than 2x other households [25:22] Looking at rent paid like your tenant was your employee [28:18] The only linear market in the top wage increase list is Colombus, OH. [29:40] Trade wars are keeping interest rates lower Website: www.JasonHartman.com/Properties Profits in Paradise Jason Hartman's Alexa Flash Briefing The PropertyCast

Today's Flash Back Friday comes from Episode 705, originally published in July 2016. Live events offer investors an opportunity to meet other investors who are successful using the long-term buy and hold strategy, to hear about real life examples of the acquisition process and to learn the tips and tricks which can make an investor's life easier. This episode is full of useful information which is framed around real client questions including what were Jason's biggest mistakes. Key Takeaways: [11:00] Why did Jason choose real estate for his career of choice? [13:19] Buy cash flow properties which make financial sense the day you buy them. [19:35] Should you keep your property managers on a short leash by adding discretionary measures to your contract? [26:56] What was the biggest mistake Jason made and how did it affect his life? [34:02] Live events are a loss leader for us but they are beneficial for clients. [36:18] Phoenix, Arizona is the site of the new event which includes a Q & A panel discussion and a best practices for acquisition example. [41:09] What are the top 3 qualities a real estate investor should possess or develop to be successful with the buy and hold strategy? Mentioned in This Episode: Jason Hartman Jason Hartman University JHart88 on Voxer

Today's episode features Jason Hartman himself explaining the dangers of identity theft and how it's changed over the years. We all know that sometimes our credit card numbers get stolen, but it's gotten much more sophisticated than that these days. Jason also explores the maladies that impact all economies and what the Fed is saying about our economy today. Key Takeaways: [4:24] Identity theft is much, much more than just financial theft [9:18] It's easier to engage in identity theft and financial fraud than committing physical crimes [16:37] What is money? [20:22] The 3 basic maladies that happen in an economy throughout history [24:10] The Fed tells us what to expect moving forward (hint: it's higher rates, slowly) [27:05] When wage growth will start worrying the Fed & where Jason thinks you can look to see what inflation is really doing [32:40] Will the Fed overdo it? Website: www.JasonHartman.com/Properties Profits in Paradise Jason Hartman's Alexa Flash Briefing The PropertyCast

Jason Hartman takes aim at some important news in today's episode. The episode begins with a look at the first real wage increase in years, and how that may impact interest rates moving forward. Then Jason discusses his idea of "Economic Berlin Walls", jobless claims, communism vs capitalism, "Personal Keynesianism", and jobless claims. Key Takeaways: [1:18] Wage increases are contributing to rising interest rates [3:39] The trade wars impact on interest rates [8:14] Looking back at the times in his life when he was financially strapped, Jason realized that consumer goods used to be WAY more expensive than today [12:17] Housing price increases are slowing [15:04] States are building "Economic Berlin Walls" to try and keep their residents for tax purposes [17:45] Jobless claims have hit a 49 year low [22:45] Karl Marx, indirectly responsible for the death of 150+ million people thanks to his communist ideas [28:19] Globalism may have hurt the American worker more than anything else [36:25] "Personal Keynesianism": Where you prime your own pump by having access to easy credit Websites: www.JasonHartman.com/Start Profits in Paradise Jason Hartman's Alexa Flash Briefing The PropertyCast

Today's Flash Back Friday comes from Episode 812, originally published in April 2017. To start the show, two clients who bought properties at the Creating Wealth Seminar and Memphis Property Tour tell their stories of why they do business with Jason's company. And, later a recording from the Venture Alliance Mastermind in Las Vegas with Jeff. Jeff details how he creates balance in his life and has a successful career. Key Takeaways: [1:27] Adam bought his 9th property during the Memphis Property Tour. [4:32] A client who likes doing business with Jason's organization because they provide a one-stop shop. Las Vegas Venture Alliance Recording [10:24] Jeff breaks things down into quarterly and daily goals. [13:04] How Jeff strategically forms his 4 key goals. [18:22] Meditation is a key component of successful people's lives. [22:23] The importance of teaching and growing every day. [26:13] Choosing to create a leader, not a doer. Mentioned in This Episode: Jason Hartman A Tale of Two Brothers Podcast Venture Alliance Mastermind Profits in Paradise Jason Hartman's Alexa Flash Briefing The PropertyCast

Jason Hartman spends today discussing the future climate of home supply and mortgage rates as we move into a world of higher rates and greater inflation. Jason sees a future that involves more Adjustable Rate Mortgages (ARMs), people unwilling to sell because they aren't willing to give up their low interest rate, and how the housing market could become even more stagnant. Then Adam talks with one of the lenders from the network to discuss where rates are today, if the Fed raising rates will impact investors, what things might impact rates in the next few months, and more. Key Takeaways: [2:56] Labor unions don't have the same cause/need today as they did when they were created and were desperately needed. Today we see technical tyrrany [4:58] The popularity of Adjustable Rate Mortgages is set to increase [8:25] An interest side effect to the way housing inventory and rate play out together [12:10] Investors with mortgage assets are about to be seriously aided by Inflation Induced Debt Destruction [14:58] Long low rate mortgages leads to a stagnant market with less price discovery because people don't want to give up their rates Adam's Mortgage Minutes: [19:35] Rates right now are in the high 5s [24:04] The rise of quantitative tightening [28:24] Any news items expected that could impact rates in the next 1-2 months? Website: www.JasonHartman.com/Properties Profits in Paradise Jason Hartman's Alexa Flash Briefing The PropertyCast

Jason Hartman has a check in for this client case study with Drew. Drew recently took charge of 6 homes in the Indianapolis market to self-manage, and has a nice story of increased profit to accompany it. After adjusting rents to meet market prices and getting rid of management fees and the like, Drew has been able to increase his monthly cash flow by around $1,300. Drew explains to Jason how he's formed relationships with his tenants that have been incredibly helpful to his bottom line, the software he's using for management, and how much time it's actually taking him per month to manage his properties. Key Takeaways: [3:12] Where Drew has started self managing and why [7:15] Drew put money into his property but came out ahead financially [12:47] Always remember that your tenants are your customers [18:07] Drew has raised his income by over $1,300 a month since he started [23:37] How much is Buildium and why did Drew choose it? [26:13] How much time per property is Drew spending a month? How long does a rent ready take? [34:51] Just because you start self-managing doesn't mean you always have to. If you change your mind there's always another option Website: www.JasonHartman.com/Properties

Today's Flash Back Friday comes from Episode 560, originally published in August 2015. If you are in control of your life your kids do not talk back to you, you tell the waiter your food is subpar and you believe in every single word you say. If the aforementioned doesn't ring true for you then you need to "grow a pair" and get your house in order. If you decide not to tell someone they are stealing your time and money at your business then by default you are condoning it. Larry believes you are providing people a service by telling them the truth. They need to experience the failure and the pain in order to allow them to learn from their mistakes. Keeping quiet doesn't help anybody. Key Takeaways: Jason's Editorial: [4:56] Is this the beginning of the economic meltdown Larry Winget Interview: [8:07] Entitlement is the biggest enemy to our society [8:59] People need stronger opinions and need to stand up for them [9:44] Living on the edge is what gets one into history books [10:50] The "I have a pair" test [12:16] If you put up with something you condone it [12:50] If you want to do the other party a service speak up about crappy service [13:54] Peale's "ruined by praise than saved by criticism" quote [14:57] Ground your opinion and refuse to create drama [16:14] I provoke people on purpose [17:33] Which is better having rabid fans or rabid enemies [19:35] I can count on my haters, they buy my products [20:28] Numbness is a caused by a of lack of confidence in a speaker's' faith in what they say [21:51] Businesses can grow a pair by refusing to tolerate thieves or 20% of their employees [23:27] We expect more out of our government than we expect out of ourselves [25:21] Being in the middle is a safe place but it's no fun [27:12] Honest and open communication isn't welcome in a world of political correctness [28:44] I respect all opinions on my social media page [30:38] It's not about changing somebody else it's always about yourself [32:49] Kid's need to experience failure and friends need the truth

Jason Hartman and Doug take today's episode as a chance to look at some key happenings in our world today. By now you've heard Jason discuss how there's a softening in prices at the top of the housing market that is likely to slowly trickle down into other price ranges, but Doug says there's another metric to look at that's also telling us a recession is headed our way. With stocks on a 10 year run, we know it can't stay this way forever. Jason and Doug look at whether the US investor's propensity to demand immediate gains by companies may be hurting us against our foreign competitors. They also look at the upcoming Profits in Paradise event and what's happening in the short-term rental market. Key Takeaways: [2:07] Doug says there's a better sign of an upcoming recession aside from an inverted yield curve [5:34] Trickle up poverty [8:46] The rich have resources in the hard times (helping them get richer), the poor get hurt by them [11:56] We're now on a 10 year run in the stock market, how much longer can we go? [15:53] Asia's long term view for companies could be a problem for instant gratification that the US is plagued with [19:14] Long economic expansions makes people forget that counterparty risk is real [23:49] This housing slowdown is starting at the top and will work its way down [26:36] What Doug is excited about for Profits in Paradise [30:48] Where is all the additional demand for hotels and short-term rentals coming from? [33:04] The best strategy for short-term providers Website: www.JasonHartman.com/Events www.JasonHartman.com/Properties Jason Hartman's Alexa Flash Briefing The PropertyCast

Today's show features Jason Hartman discussing some of the main stories in the news today. The first story is one of the reasons Jason created Commandment #3 (Thou Shalt Maintain Control), the next is a potential sign of a market slowdown from none other than the scandal plagued Wells Fargo, then the potential return of risky loans. Finally we wrap it up with a story on how California might make it even more expensive to live there. Key Takeaways: [2:09] Forgetting Commandment #3 can often be an expensive lesson and the biggest Ponzi scheme in the world [6:52] Always think of opportunity cost when you have money sitting around [12:20] A potential sign of a market slowdown from Wells Fargo [16:49] The housing market is slowing from the top down and hasn't hit the type of homes that Jason's network sells [20:44] Are banks starting to push risky loans? [26:07] California is considering changes to Prop 13 and home requirements, which Jason believes would be devastating for real estate holders Website: Profits in Paradise Jason Hartman's Alexa News Briefing The PropertyCast

Today's Flash Back Friday comes from Episode 571, originally published in September 2015. Welcome to episode 571 of Creating Wealth Real Estate Investing. If you're here it's because you're interested in creating or growing your wealth through real estate investing. And today's episode is the perfect vehicle to help you do that. One of our experts, Joe, joins us to give the down and dirty details of what it takes to get the best financing deal and the specifications you need to qualify for up to 20 properties. We also talk about whether or not you need an attorney to close a loan, the differences between technical refinancing and cash out refinancing as well as how many months' of reserves you need. This is expert advice free of charge! And it's all here on today's episode of Creating Wealth Real Estate Investing. Quick answers in the lightning round to all of the most important financing questions. We dig in and ask prudent questions of Joe our financing guru. If you are looking to create your wealth through real estate investments this is the episode for you. Down and dirty details of what it takes to get the best financing deal and the specifications you need to qualify for up to 20 properties. Expert advice free of charge! Key Takeaways: Jason's Editorial: [1:23] Lender Lightning Round show [1:58] The great Facebook debate [4:29] Commandment #3 - Thou shalt maintain control [9:28] Ric Edelman's - 10 great reasons to keep a long term mortgage and never pay it off [11:07] The supply chain of financial advisors [15:40] It's an amazing time to be alive [16:18] The Chinese Government makes it easier to buy overseas assets [18:40] Newport Rhode Island trip for Venture Alliance members and guests Lightning Round: [21:30] Inflation induced debt destruction [22:15] Financing 10 properties per spouse through Fannie Mae [22:53] Down payments vary - 5% down reduces your rate [23:43] Financing through an LLC [24:24] 1 loan, 1 property with vanilla residential financing [25:45] Multiple inquiries about your credit score can lower it over time [27:00] A LLC needs different insurance [27:47] Is a power of attorney be sufficient to close the loan [28:29] An attorney is not needed to close the loan [29:57] A 2 year landlord history - Fannie Mae no, Freddie Mac yes [30:56] The minimum credit score is 620 for the first 4 properties, 720 for 5-10 [31:50] Cash out refinancing on investment properties [33:05] You can always finance your primary residence but different guidelines may apply [34:21] Lenders need 6 months of reserves [35:37] Offsetting the mortgage payment based on possible rental income [37:42] Rental income loss [38:38] Technical refinance or delayed financing [40:22] 100% replacement cost needed in homeowners insurance [44:37] Do your due diligence but beware of multiple credit checks Website: www.JasonHartman.com/Properties Fruitcake Fraud

Today's episode features Jason Hartman covering a wide range of issues. The topic of conversation ranges from the coming singularity, what it is, when we might see it, etc, then branches into more on the discussion about Automated Valuation Models (AVMs) and whether they're are the precursor to reckless valuations like we saw before the Great Recession. Jason also looks at the unfortunate situation Venezuela finds them in, with both rampant inflation and a natural disaster on top of it creating serious issues for the citizens of the nation. And finally Jason listens to some of his favorite investigative journalists work as he discusses why investigative jouralism is important and how it is connected to his 3 guiding principles. Key Takeaways: [3:07] The approaching singularity [7:47] The database Jason was wondering about in relation to Automated Valuation Models exists with Fannie Mae/Freddie Mac [10:05] Appraisers are a dying industry because the older ones are retiring and the hoops new appraisers have to jump through are hindering new hires [11:45] Will AVMs cause reckless valuations to return? [14:11] The IMF has announced that inflation in Venezuela this year alone has been 1,000,000% [17:07] Asset price inflation is not a part of the inflation index in the USA, which is a big deal [22:17] The 2 major problems of the humble single family home [26:11] Investigative journalisms ties to Jason's principles of how you can't hear the dogs that don't bark, compared to what, and what gets rewarded get repeated Website: Profits in Paradise Jason Hartman's Alexa News Briefing The PropertyCast John Stossel

Jason Hartman welcomes his mom back to the show to discuss self managing properties and how to find the best deals when you have to make repairs. The two also talk about what kinds of addendum she's adding to leases recently, rising rents, job numbers and more. Key Takeaways: [2:12] Small business confidence at 35 year high [5:38] Job numbers are not showing an impact from the trade wars [8:14] There's legitimate wage growth for the first time in 4 decades, which is great for all Americans (and our economy) [10:33] Jason's mom has been able to raise 4 of her tenants rent by $100 a month [13:03] Have tenants have changed over the years? [16:10] How his mom gets good deals and aligns the tenants interest with her own [20:12] "You get what you pay for" is not true for much (if anything) in life [24:14] The kinds of clauses Jason's mom is putting in her leases to protect herself from unruly tenants [29:24] How to build a great relationship with your tenants Website: www.JasonHartman.com/Properties www.Zumper.com

Today's Flash Back Friday comes from Episode 568, originally published in September 2015. The sharing economy will certainly change the game in the manufacturing sector but we do not yet know what affect it will have. Considering the normal adaptation lag time and the conversion nuances of each new innovation real estate investors must watch closely as the upcoming game changers come to fruition. Major economic indicators such as unemployment rates and the housing market will be closely monitored. Real estate investing may be entirely different than it is today. Key Takeaways: [2:01] How real estate investors can design their portfolios in the current govt. environment [3:24] 3 Cardinal rules of real estate - Location, location, location [3:57] What is the labor content fallacy or the zero sum game [5:11] Proving Supply side economics or trickle down economics [6:25] Looking at economics by way of technology [8:09] The self driving cars will hurt high value land owners [9:06] An audio clip about self driving cars [10:41] Automotive Industry experts expect an 8 year replacement cycle [11:28] The average car is used only 4% of the time [12:45] How will autonomous driving services affect the auto industry [14:38] A game changer for real estate [15:33] Naresh is skeptical about the dates [18:00] The typical city or town is 40% parking [19:11] Will people need to get in a car and go to work [21:36] A safety app [22:34] Will there be high unemployment or will technology fill in the gaps [25:21] Digital goods basically exhibit a zero cost of production [28:01] Real estate investors normally don't consider what the future may hold [29:25] Jason's private mastermind group, Venture Alliance's Newport Rhode Island trip Mentions: Walk me home app Medium WhatsApp JasonHartman.com Venture Alliance Mastermind

Today's episode is all Jason Hartman, as he goes through several of the big (real estate) news stories of the day. First there's a new development at the US Department of Housing & Urban Development that could increase housing availability and reduce home values (at least in the short term). Then listen in as Jason tells the current story of his commercial property refinance and all the bumps (and fees) that come with the arduous process. Finally we get to the Fed and interest rates. Jason takes a look at some of the Fed's moves from the past, how they have changed their original charter, and what's happening with interest rates because of that. Key Takeaways: [3:17] There's a homelessness crisis in many cities around the country [6:39] The Department of Housing and Urban Development is trying a new tact that may have a slight downward pressure on real estate values [11:18] HUD is changing the way it determines how communities are enforcing the fair housing act, including relaxing zoning restrictions [15:51] The adventure that is Jason's apartment re-finance [21:03] Cyclical markets are cooling but linear markets are still booming [26:02] The Fed was supposed to be control the quantity of money, but they morphed into being in charge of interest rates [29:04] A basic reason to raise interest rates Website: www.JasonHartman.com/Properties Profits in Paradise Jason Hartman's Alexa News Briefing The PropertyCast

Jason Hartman starts today's show off back in the car with Carmen discussing some news he's seen recently. Inflation continues to creep up, apparently into the range that makes Central Banks happy, but Jason wants to know why we even have to see inflation, and explains what impact that will have. He also discusses the changes in America (and the history of marketing) that turned us into a consumer spending economy and the squeeze on American manufacturers currently happening. Then Jason finishes his interview with Dr. Andy Krause, Principal Data Scientist at Greenfield Advisors and AVM Analytics, as the two wrap up their conversation about Automated Valuation Models (AVM). This time the two discuss the wide range of uses AVMs have, how they're going to be changing moving forward, and how short-term rentals are impacting housing markets across the country. Key Takeaways: [5:07] Inflation is rising into the range the Central Bank deems "healthy" [8:39] America is the land built on consumer spending [12:36] American manufacturers are running low on parts Dr. Andy Krause, Part 2 [15:35] What the AVMs do outside of simply valuing individual homes [17:56] The future of AVMs [21:15] The effects of the short-term rental market on the overall housing market Website: www.GreenfieldAdvisors.com www.AVMAnalytics.com www.JasonHartman.com/Events Jason Hartman's Alexa News Briefing The PropertyCast

Jason Hartman starts today's episode with Venture Alliance Member Carmen as the two discuss the possibility of "vacation saturation", what the change in repayment of Jason's loans might mean for the housing industry, as well as labor shortages being experienced in the housing sector. Then we have part 1 of Jason's interview with Dr Andy Krause, Principal Data Scientist at Greenfield Advisors and AVM Analytics, about the state of automated valuation models (AVMs), the potential future for AVMs, how they work, and what practicalities are slowing their development down. Key Takeaways: [4:55] Reaching the point of vacation saturation [10:05] An insiders sign on the direction of the market [14:35] There is a massive labor shortage in construction and wages are going up Dr. Andy Krause Interview: [18:27] The biggest AVM people know about is Zillow [19:28] The science (and accuracy) behind current AVMs [22:22] 2 things that are stopping a database from happening that would significantly improve appraisals [26:52] How does the AVM come up with a value? Website: www.GreenfieldAdvisors.com www.AVMAnalytics.com www.JasonHartman.com/Events Jason Hartman's Alexa News Briefing The PropertyCast

Today's Flash Back Friday comes from Episode 490, originally published in March 2015. On today's Creating Wealth introduction, Jason invites Memphis and Little Rock market specialist, Jeremy on to the call. Jeremy talks about his interest in physics and what's going on in these two real estate markets right now. Jason invites Peter Sage from Extreme Entrepreneur to be today's Creating Wealth guest. He is a serial entrepreneur who started his first business at 17. Fernando also joins as guest co-host with Jason and the two ask Peter a series of insightful questions. On the show, Peter shares insight as to why he had a drive to become an entrepreneur, how to find your passion, your why, and much, much more on today's episode. Key Takeaways: 2:30 – Jeremy talks about the double split experiment in physics. 13:20 – What's currently going on in the Memphis and Little Rock market? 18:30 – Jason introduces Peter Sage and Fernando on to the show. 28:30 – Get in touch with what you're passionate about. Ask yourself questions about your life purpose. 39:40 – Why is it that some people struggle to change and others don't? Peter explains. 61:30 – How do we prevent ourselves from falling back into the same old routine? 68:20 – Peter talks about his purpose and his why. 73:20 – Peter talks about his space-based solar power energy project that he started. 78:30 – Pharmaceutical companies are not interested in curing diseases, they only want to maintain them. This current medicine model has to change.

Jason Hartman starts today's episode from the Money Museum, on location at the Kansas City Fed with KC LMS Dave. The two discuss the Kansas City and the Quad Cities rental markets, what you can get for your money in each and what to expect area wise. Then Jason finishes his interview with family office expert Richard Wilson as the two discuss how much money it takes to make a family office, the importance of integrity in business and investing, and which niche domination can be a good strategy. Key Takeaways: [2:58] It only takes 24 minutes to print 10 million new $100 bills [7:00] What are the Quad Cities and what is the market like there? [11:23] The types of repairs being done on Dave's properties to make them turnkey [14:39] The cost of rehabs have gone way up over the past 7-10 years [16:37] Dave's advice for what type of property is the best for an out of area investor Richard Wilson Interview: [21:34] The net worth you need to make a family office worthwhile [25:20] Niche domination as a strategy [29:20] If you don't have a focused approach to investments, and don't do things highly intentional, you'll never have synergy [31:20] You need to have a dashboard and compass as to where you want to go, and it needs to be documented [33:52] Everything in your life and business needs to have integrity Website: www.FamilyOffices.com

Jason Hartman takes some time today to discuss the yield curve and how it's telling us that a slow down might be on the horizon. He goes through the 3 different types of yield curves and the impact all 3 can have on the economy. Negative interest rates are also explained and Inflation Induced Debt Destruction rears its head again as well. Also, don't forget to subscribe to the PropertyCast and get all the new properties first year pro formas straight through your podcast platform! Then, in part 1 of the interview, Jason Hartman talks with Richard Wilson, a family office expert, about what we can learn about investing by looking at what centimillionaires are doing. Key Takeaways: [4:29] What's going on with the yield curve? [9:38] Some back of the napkin calculations on negative interest rates [14:28] The 3 different types of yield curves [18:14] Signs of a turn showing in Orange County [21:59] When the market cools the service providers will become a little more grateful and conscientous Richard Wilson, Part 1 [25:15] Some of the business practices used by centimillionaires [28:58] What a family office really is, and why it's a thing Website: www.FamilyOffices.com The PropertyCast

Today's episode is about one short, simple, beautiful word: DEBT. Fresh off reading/listening to George Graeber's Debt: The First 5,000 Years, Jason delves into the subject matter head first, playing some clips from the book and discussing them in regards to today's world. Key Takeaways: [4:34] The recent history of the rotation of the worst big bank in America, Wells Fargo is currently in the lead and had a computer glitch make hundreds lose their homes [10:06] Why the housing market is actually different this time around [15:10] Some samples from Debt: The First 5,000 Years [25:45] It's incredible how throughout history, conquering nations make money by going in, making "improvements" and forcing the newly conquered people to pay for them, or by making them pay back the money the conquering nation spent defeating them [30:05] The 60s and 70s featured a time where America was prosperous and people were getting cost of living raises and , followed by decades of stagnant wages until Donald Trump Website: Debt: The First 5,000 Years www.JasonHartman.com/Properties The PropertyCast

Today's Flash Back Friday comes from Episode 598, originally published in November 2015. Self-management tools often boast ease of use and shortcuts to save you time but don't always deliver. Cozy and Landlordology are property management tools which offer end to end online self-management solutions. Both tenants and property managers benefit from the monthly automatic rent collection feature as well as the integrated application process. If you think doing a background check along with a credit report will help qualify renters qualifications then sign up for Cozy today. Key Takeaways: Jason's Editorial: [1:20] What time is it? It's an amazing time to be alive [2:44] Income investment strength versus deflation [5:00] Deferring your tax liability [7:02] Inflation induced debt destruction [9:03] Debt transfers wealth from the lenders to the borrowers in an inflationary environment [10:33] What gets rewarded, gets repeated [10:57] Deflation makes debt more burdensome [13:40] Use the voicemail feature at Jasonhartman.com for your questions [14:09] Sign up for the Meet the Masters event in Dubai Lucas Hall Guest Interview: [16:27] Lucas teaches managers how to manage their own properties [18:23] You need to get your message out there - try postlets [19:56] Hire a real estate photographer for great photos of your property [24:44] Going over your general requirements before meeting at the property will save time [26:04] A 2-year lease provides extra security for the tenant [27:34] What is a landlord's open house? [29:28] Possible new tenants can submit an application as soon as they leave the property viewing [31:20] Cozy is an end to end property management platform [35:09] Rent collection can be difficult for property managers [40:47] Property managers can garnish wages to collect back rent [41:51] Automating your rent collection will make it easier for owner and tenant [42:39] Resources are available on Landlordology.com Mention: JasonHartman.com Venture Alliance Mastermind Landlord Ologist Cozy Craigslist Postlets Circlepix Click Notices

Jason Hartman starts off today's episode with a tale of his current lawsuit and the experience it's given him with the legal system. The way our current system is set up nobody wins, and there doesn't seem to be a lot of accountability going on either. Jason also plays some Voxer messages from client Drew Baker about his recent experiences doing self management. After that Jason finishes up his interview with podcast producer Adam Schroeder. This time the two discuss finding repair people, what to expect from property management software, whether to allow grace periods and what kind of late fees to charge. Key Takeaways: [1:57] Nobody wins in our current legal system [6:04] Get the latest properties available from Jason through the PropertyCast [7:38] Drew's experience self managing Adam Schroeder Interview: [13:32] You should have a clause in the lease stating which repairs the tenant is responsible for [17:58] What to expect from property management software [22:01] The importance of an increasing late fee Website: www.JasonHartman.com/Properties www.FreeCourt.com The PropertyCast

Returning guest Adam Schroeder joins Jason Hartman for this episode, as the two discuss the steps for transitioning from professional management of rental properties to self management. Adam and his wife have 3 (going on 4) properties and are thinking that the time is soon coming to venture out on their own. But before doing that there are some important things to do like what information to get from your property manager, what kind of initial contact to have with the current tenant, finding forms and contracts when you're finding/reupping tenants, pet rent, and more. Key Takeaways: [3:36] Why Jason loves a good recession [8:29] Jason's been involved in around 10,000 real estate transactions [13:08] Sometimes removing a property manager actually makes things easier [16:27] The information you need to get from your current property manager if you're going to make a switch [21:26] A way to change your relationship with your property manager rather than completely ending it [24:09] Bad property manager reviews on sites like Yelp might be a good thing, that's why you have to read them [29:23] Insurance: individual policies or a commercial policy? Websites: www.JasonHartman.com/Properties www.WeGoLook.com www.NoLo.com www.RocketLawyer.com www.Buildium.com

Jason Hartman starts today's episode from Germany, on his way back to the land of capitalism, and he couldn't be happier. After nearly a month in Europe seeing the effects of socialism, Jason's ready to get back to the land where people are more motivated and innovation is more apparent. When governments get involved in picking the winners and losers, nothing good comes out of it, and Jason wants to see America avoid the fate of Europe. Then Jason finishes his interview with Dr. Nima Sanandaji, originally begun in episode 1028. The two wrap up the interview discussing where the ideas for Adam Smith's "Invisible Hand" really came from, how the Nordic society actually ended up being socialist (and why it doesn't work in the places it's being tried now), and the dangers of government growth. Key Takeaways: [2:48] Things in Europe are smaller and not as good of quality. We shouldn't become more like Europe, Europe should become more like the USA [5:54] The government needs to get out of the business of picking winners and losers Dr Nima Sanandaji Interview: [8:20] Adam Smith's "Invisible hand" had been described in China and the Middle East thousands of years earlier [11:36] Capitalism: the most successful "religion" of all time? [14:56] The poor immigrants who left the Nordics for America have descendants that are much better off than those who stayed [18:55] Governments can't shrink down. Once they bloat they collapse under their own weight [21:57] The Western world needs to learn from history and go back to free market economic policies with minimal government Websites: www.JasonHartman.com/Events www.Capitalism.global

Today's Flash Back Friday comes from Episode 653, originally published in March 2016. Jason's mom will be attending the upcoming Venture Alliance Mastermind trip to Jekyll Island. She decided to prepare herself by reading the updated version of The Creature from Jekyll Island again. She and Jason review sections of the book and discuss the insanity which is the Federal Reserve and how the entity came to be. You are invited to join Jason and his mother on the Jekyll Island trip as a Venture Alliance member or as a guest. If you attend you will experience a piece of American financial history and possibly have your coffee disturbed by a famous hotel ghost. Key Takeaways: [3:47] Jason's mother's assessment of the book "The Creature From Jekyll Island" and the history of the Federal Reserve. [12:27] The ghosts of the Jekyll Island hotel do more than drink the guests coffee, they pick pockets too. [18:28] Past podcasts guests, Chris Martenson and Bill Bonner agree, the Federal Reserve system is convoluted. [22:38] We all easily pay 60% or more of our income to some sort of tax. [32:36] Listeners must see the 99 Homes, The Big Short and Life and Debt documentaries. [34:11] The government can tax people through taxes or inflation, which is the hidden tax. [40:06] When you invest in income property you align yourself with the Federal Reserve. Websites: Jason Hartman Venture Alliance Mastermind

Jason Hartman talks with Patrick Parry, Orange County realtor & former investment counselor, about what signs Pat is seeing in the Orange County market that give him pause when it comes to the housing market. Days on market have escalated (some rather significantly) in every price bracket, and inventory continues to increase. The two also discuss commercial real estate, and how it's a totally different game (with significantly less room for error) than residential real estate. Key Takeaways: [5:17] Signs the housing market is cooling? [7:29] Time on market has doubled as inventory increases [13:42] The difference in the landlord/tenant relationship of residential vs commercial real estate [18:58] Jason has been flat out lied to by commercial landlords [21:14] You do not have protections in the commercial real estate world, you better have good lawyers and great research [23:25] Commercial investors have a very high tolerance for loss due to vacancy [29:07] The increase in home days on market based on sales price [33:01] People are always looking in the rear view mirror when it comes to markets, except sellers, they're often banking on the greater fool theory when they price their wares Website: www.PatParryHomes.com

In today's intro Jason Hartman looks at a few signs in the real estate market that aren't so rosey, as well as adjusting the Brady Bunch house for inflation and seeing how real estate holds up against it (and why linear markets are the better bet for steady appreciation). Then, in today's 10th episode, Jason talks with Dr. Robert Whaples, Professor and Chair in the Department of Economics, Wake Forest University and co-editor and managing editor of The Independent Review. The two discuss the current Pope's world view and the nature of the Catholic church today. Key Takeaways: [2:21] Are there signs of upcoming trouble? There's definitely been a slow down in the higher end markets [6:11] The Brady Bunch house is for sale, what's it selling for (and compared to what)? [10:14] Linear markets give you more consistent appreciation than cyclical markets Dr Robert Whaples Interview: [14:17] What is Pope Francis' world view? [18:42] How the economy is connected to the environment in the Pope's world view [24:21] Do we need environmental regulations and taxes? [26:08] Have we just exported our pollution? [31:24] Where does the Catholic church come in on the uneven playing fields of markets and oligarchies Website: www.Independent.org

Today's Flash Back Friday comes from Episode 665, originally published in April 2016. Just last year Greg Saylor was a corporate software engineer looking for a reliable investment strategy. He found the Creating Wealth podcast and listened during his long commute. He decided to pick up the phone and call one of Jason's investment specialists. It's now six months later and Greg has six income properties earning him $4000.00 in monthly income. His due diligence partnered with the extensive data resources available on JasonHartman.com have allowed him to get a step closer to financial freedom. Key Takeaways: Jason's Editorial: [4:01] What is your motivator? Do you expend more energy to conserve than to gain? [12:39] Hartman Education is having a big 2-week sale! Greg Saylor Guest Interview: [18:57] Was it the Creating Wealth podcast that got Greg interested in real estate investing? [26:29] The acquiring of the properties had the most components, everything else is pretty straightforward. [27:49] Greg shares the details his first income property deal including the flaws. [35:53] A certain percentage of risk is acceptable as long as you have a solid portfolio. [40:06] Property taxes are one factor which is that varies greatly from market to market. [45:18] Some rules for new investors to follow are to plan for additional expenses, be conservative on your numbers and have a reserve fund. [48:07] The debt to income ratio is an important factor in financing. Websites: Jason Hartman Hartman Education Property Tracker Software

Jason Hartman starts today's episode from Naples, discussing how, despite what you may think, the demise of America is greatly overstated when you start asking the question "Compared to what?". He also brings a morsel of hope to real estate investors, as housing inventory is showing signs of increasing and home owner equity is at an all time high (but fewer owners than ever are stripping that equity). Then, in part 1 of the interview, Jason talks with Dr Nima Sanandaji, author of the new book The Birthplace of Capitalism - The Middle East, about how capitalism originally began in what is now Iran and Syria, and how the golden age of the Middle East was during the times of capitalism. Key Takeaways: [1:46] Think the US is in decline? Well, compared to what? Because Europe isn't doing that great either [7:41] Keep everything in perspective when you think your problems are huge [13:00] Inventory could increase a bit in the near future [16:03] Home owners have an estimated $5.8 trillion in accessible home equity, but fewer are taking cash than in previous eras Dr Nima Sanandaji Interview: [19:16] Birthplace of capitalism (the original form) was in what is now Iraq and Syria [22:36] The golden ages of human civilization in China and India was driven by capitalism [26:33] The ancient Persians were very free market oriented [29:52] The irrigation for the Middle East was paid for by farm collectives, not the government, spurred on by strong private property rights [33:27] Cyrus the Great believed the government's only role was to maintain private property and voluntary contract Website: www.JasonHartman.com/Properties www.JasonHartman.com/Events www.Capitalism.global

Jason Hartman is joined by Venture Alliance member Carmen today in Naples, as the two discuss the importance of music on society (and why it might be more important than monetary control), why complaining is actually important, and some good book recommendations for those interested in learning more about the economy and real estate. Jason also explores the current single family rental demand and what the demographics are looking like for the next 10 years. Key Takeaways: [2:50] North Korea is sitting on $6 trillion of mineral assets [8:07] Give Jason control of the music and he cares not who controls the money or makes the laws [11:46] You have to be a complainer when people wrong you [15:31] Some good books Jason recommends [20:44] No place on Earth or time in history has big, intrusive, high tax, government burden made life better for citizens [25:02] Single family demand: 57% of renters are renting single family houses Website: www.JasonHartman.com/Properties Profits in Paradise

Today's Flash Back Friday comes from Episode 785, originally published in January 2017. During today's episode, Jason shares his appreciation for the ability to self-manage rental properties and the dis-intermediation of single family home sales. The Chief Product Officer for Key Please, Adam Lorentzen joins Jason to describe the sought after service of landlord free, self-showings of rental properties. The Key Please business model focuses on automating the self-management process for owners as well as making the process as easy as possible for renters. Key Takeaways: [1:34] Self-managing a property from a distance is possible [4:16] Wall Street Journal article "Blackstone Wins Fannie's Backing for Rental Home Debt" [7:20] President Trump has a lot of energy and will be good for the American economy [11:21] We will soon see the easing of landlord problems Adam Lorentzen Guest Interview [16:05] Key Please helps owners automatically self-manage their properties with 3 tools [21:33] Adam is surprised by the number of users embracing the Key Please service [23:42] Adam describes the process for the renter and the property owner [29:10] The simple hardware has a deeper level of security than wifi or cell-based systems [31:56] People who view the properties can provide anonymous feedback [33:20] This service is for property owners who want flexibility in how they manage their properties [36:51] Key Please wants to assist small property owners and renters in the near future Website: www.JasonHartman.com/Properties www.Twitter.com/AdamElevate

Jason Hartman starts off the show from Croatia discussing the difference in investing when there are private companies involved versus when the government is involved. With private companies you know what you're going to get, they're going to follow supply & demand and try to maximize profits. With governments, however, they're much more of a wild card, which can make successfully investing more difficult. Then Jason talks with Bill Janeway, an active venture capitalist, director of Magnet Systems and O'Reilly Media, Chairman of the Board of Trustees of Cambridge in America, and author of the recently revised and updated book Doing Capitalism in the Innovation Economy. The two discuss the 3 player game and the government's role on both the supply and demand side of the market, the digital revolution and the coming green revolution. Key Takeaways: [2:53] You can predict what private companies will do pretty easily, the government is a wild card [6:39] An invitation to Profits in Paradise in Hawaii Bill Janeway Interview: [9:32] How the thesis of the 3 player game came about [13:29] There are markets that need government pushing the supply side of things for driving innovation, but sometimes the government even needs to be on the demand side, adding income to support the economy [17:22] If the government hadn't jumped in on the demand side in the 2009 recession history has shown us what would have happened [19:26] Wherever there's a market for assets there will be bubbles [25:10] Why the digital revolution made Bill extend his book [32:09] We've got a new challenge, a new technological revolution, which is the need for a new, green revolution Website: www.JasonHartman.com/Events www.BillJaneway.com

Jason Hartman does episode 1024 from the bow of a yacht outside of Croatia with Venture Alliance member Carmen. The two discuss inflation's impact on everything from our savings to our real estate, how to deal with trolls in business (and the lawsuits that inevitably follow), and the need for a side hustle. In the second half of the show Carmen and Jason discuss her Amazon business, which includes how Carmen sources product, the trials of selling on Amazon, and how your business should evolve over time to stay relevant. Key Takeaways: [6:13] Inflation destroys the value of our savings, but thankfully it also destroys our (real estate) debt too [9:41] Technology is making office and retail real estate almost irrelevant [12:44] Why Jason let someone not pay him on a note for 11 years [16:10] Are patents even worth it these days with the speed of the world? [20:58] Life is messy, it's how you handle it that's important. Stay away from the get rich quick stuff. [25:15] Get a side hustle if for no other reason than to have more tax writeofffs [31:28] You have to evolve with your business [36:41] Outlets like Amazon have allowed control of the marketplace to leave board rooms and let individuals call the shots Website: www.CBAccessories.us www.JasonHartman.com/Events

Today's Flash Back Friday comes from Episode 783, originally published in January 2017. Jason's guest, Patrick Donohoe is the CEO of Paradigm Life. Paradigm Life is an insurance-based financial services company. Patrick shares his thoughts on the recent political changes and how the U.S. economy will be affected, he shares his thoughts on the new administration with a high-level worldview and he recalls his recent experience at the Meet the Masters of Income Property event in California. Key Takeaways: [3:05] The caliber of people at the Meet the Masters of Income Property event was a high point [5:52] Foxconn will bring manufacturing back to the U.S. due to Trump's business savvy [12:28] Patrick doesn't believe charity to foreign nations is in the best interest of the U.S. [16:23] It will be fascinating to see how Trump deals with the past, present and future [20:49] Trump will inject adrenaline into the U.S. economy [23:50] Paradigm Life is an insurance-based financial services company [28:18] A stock market rally is a short-lived business cycle [30:51] Patrick describes how he makes the right investment and performs due diligence when acquiring properties. Website: www.ParadigmLife.net www.JasonHartman.com/Properties www.VentureAllianceMastermind.com

Jason Hartman takes a turn to the listener mailbag while talking with Kerry Lutz, founder of the Financial Survival Network. Today's topics run the gamut from when to rent your personal residence, how RV ratios work around the world, how to work with Jason, and how to get OUT of the real estate game as you get older. Key Takeaways: [2:41] Why Jason has long believed the idea of public unions is ridiculous [6:27] The stigma between renters and home owners seems to be disappearing, if not already completely gone [9:54] Mason's question on renting his primary residence [18:42] RV Ratios apply world wide [19:23] How is depreciation unwound? [24:58] Is it wise to put 100% down on a property if you have the cash? Website: www.JasonHartman.com/Properties www.FinancialSurvivalNetwork.com AIPIS 207 -Prices, Rents, and Interest Rates

Jason Hartman spends the episode talking with Kerry Lutz, founder of the Financial Survival Network, as the two discuss the ever important issue of preparing for the NEXT recession (because we all know there's going to be one eventually). The two discuss the importance of using debt prudently, how the banks were active participants in the mortgage meltdown, how to find true asset prices, and more. Key Takeaways: [7:45] Planning for the next recession [13:06] We are in a boom economy, so what do we need to be reminded to watch out for? [16:59] Check your home insurance renewals carefully [24:13] Debt is your friend, and if managed properly it always offers options [28:24] The banks are active participants, not victims, in these mortgage meltdowns and recessions [34:21] If the lending dried up in any asset class the price would adjust to the real market value Websites: www.JasonHartman.com/Properties www.FinancialSurvivalNetwork.com HS 267 - How to PROSPER! As the World Falls Apart with Chris Martenson

Today's Flash Back Friday comes from Episode 640, originally published in February 2016. Jason starts things off with his thoughts on cycles of opportunity, autonomous cars, and information about how you can win free tickets to the next JHU event. The JHU event will highlight how to evaluate properties for the most historically proven asset class in the world. And returning guest, Dan Millman who is the author of 17 books, talks about his new book "The Four Purposes of Life". He shares his special life calculator which utilizes the numbers from your birth date to enlighten you about your life path. This information can help guide you on your journey. Key Takeaways: [4:32] The opportunity cycle when supply exceeds demand requires sorting [10:00] The autonomous cars will be virtually everywhere, it's a game changer [14:45] The problem with statistics [18:57] Land contract options available [21:15] Evaluating properties at the next Jason Hartman University Live event Dan Millman Guest Interview: [24:25] Writing The Four Purposes of Life [26:29] What are the Four Purposes of Life? [28:56] Purpose #4 - Attend to the arising moment [34:15] Increase your quality of presence [35:55] Purpose #1 - Learn the lessons of life a little more gracefully [39:51] Purpose #2 - The difference between your career and your calling [43:04] Purpose #3 - Discover life's path [47:45] All of my books have their own purpose [48:25] 12 required courses in the school of life Mentions: Jason Hartman Way of the Peaceful Warrior Insurance.com Property Tracker Property Evaluator App The Four Purposes of Life The Way of the Peaceful Warrior The Creative Compass Life Purpose App A Life you Were Born to Live Everyday Enlightenment

Jason Hartman has a solo episode today as he explores some recent news stories and examines a few items of the day. Venturing all over the topics, Jason mulls over why it's pretty common for the most popular economists to have the worst economic ideas (a la Karl Marx) and why the best economic ideas have the most disliked economists. Which leads to the question, what stupid ideas are we as a society embracing today? He also discusses the Supreme Court ruling that will somewhat level the field of retail as online retailers are now able to be taxed by the states, giving at least some form of a light at the end of the tunnel for retailers. Other topics of the day include the cost of terrorist protection, technology vs inflation, preventing identity theft, and the potential beginning of the demise of a massively overvalued (in Jason's mind) company. Key Takeaways: [4:54] The economists who present the best economic views are not the most popular [7:39] What totally stupid ideas are we embracing as a society today? [13:08] One massively overvalued publicly traded company today [16:39] The tax field was significantly leveled last week [21:14] The battling forces of inflation and technology [24:22] Why you need to shred EVERYTHING with a cross cut shredder [26:45] If you can geoarbitrage, make a conscious choice to live in a higher quality location with a lower cost of living and low or no state income tax [32:57] The demographics coming at the rental housing market in the next 10 years are nothing short of phenomenal Website: www.JasonHartman.com/Properties

Today's episode is all about jobs. Jobs that are vanishing to be precise. Jason Hartman takes a look at a Business Insider article that discusses 41 jobs that are disappearing in today's world. Not surprising, many of them involve middle men/women. Then Jason finishes his interview with Ben Way, CEO of Digits, about how technology (robots in particular) will be changing the way we think of things throughout our society, from dating to working, to risk aversion. Information is more available than ever before, is that actually holding us back? Key Takeaways: [3:47] Real estate investing is really just investing in packaged commodities [8:31] One of the jobs that is going away is Executive Secretaries and Executive Admin Assistants, and why it matters to real estate investors [13:09] Technology makes it easy to disintermediate, leading to middle man jobs going away Ben Way, Part 2 [18:59] How do the logistics and hard drives of robots work? [22:10] The plethora of information is making kids more risk averse [25:51] The two things we get wrong when it comes to education Website: www.RainmakersGlobal.com

Today's Flash Back Friday comes from Episode 491, originally published in March 2015. Jason invites Diane Kennedy on the show to talk about taxes and how to save you money. Diane is an experienced CPA and helps her clients all over the world with their taxes, accounting, and investing. The main subject of today's focus is why you should get real estate professional status, the benefits it provides, and what you need to do in order to qualify. Key Takeaways: 2:40 – The government takes a big cut whenever you sell stocks and precious metals, but that doesn't happen with income property 7:40 – Diane explains what the charitable remainder trust is 13:05 – There are three tests you need to qualify in order to get the real estate professional status 20:00 – What is the an aggregation election? Jason explains 29:50 – If you have a property manager, it's going to be hard for you to qualify. It is best in this case to self-manage your properties 34:15 – This stuff is complicated! Get advise from a good CPA and attorney before it's too late 36:00 – Why do you even want to get real estate professional status? Jason breaks it down 42:30 – The government wants you to own property. They are even incentivizing you for it Website: www.USTaxAid.com

Jason Hartman starts off the show by discussing alligators, both real life ones and real estate ones, and how we need to avoid both. As we go through life, it's easy to look back and say "If only I'd invested then", so the current you should invest for the sake of future you. Then, Jason talks with Ben Way, CEO of Digits, about how the future is going to look in the first part of their interview. The two start off discussing how Digits is going about turning regular credit cards into Cryptocards that allow you to spend your cryptocurrency but also hedge that purchase for a year. Then the two discuss the changes that automation is going to bring to our society. Key Takeaways: [2:07] A trivia fact about real alligators, and avoiding real estate alligators [5:07] The short term trends are what gets people, because you have to allow for 2-3 years [10:19] Naresh's realization that real estate was a worthy investment [14:11] Invest for your future because there will be a time that you will say "I wish I'd started back then" Ben Way Interview, Part 1 [18:40] How Digits converts your existing credit cards into crypto cards and gives you up to a 1 year hedge on your currency [21:55] How the 1 year hedge is made possible [26:10] Every innovation leads people to fear that everyone was going to lose their job and be displaced, but it's never really happened. Is this time different? [29:42] What people forget about automation Website: www.JasonHartman.com/Properties www.RainmakersGlobal.com

Jason Hartman begins today talking about a recent article on Globe St that discussed the 7 ways Generation Z will impact the commercial real estate world. Jason also discusses how it also impacts residential real estate. Then Jason finishes his interview with Matthew Gardner, Chief Economist at Windermere Real Estate. The two discuss the lack of home inventory and why the loosening of credit regulations isn't going to impact home sales as much as some are hoping. Then they also delve into millennials trying to afford homes and WHERE they can actually afford to live. Key Takeaways: [3:58] Education is the shortest distance between poverty and wealth [6:56] Generation Z is going to bring the suburbs back [12:27] What the shift back to suburbs will do to companies Matthew Gardner Interview: [16:58] It's taking a credit score of 740 to get a mortgage loan these days, but even if more people become eligible there's no inventory [20:09] Factors that could trigger the next business cycle recession and what the next recession might look like [24:27] Who are the "Boomerang Buyers" and how might they impact the single family rental rate growth? [24:18] Millennials are having a hard time saving up for a down payment and are asking for a loan from the bank of Mom & Dad [27:04] Milennials want to live in the "exurbs" in townhomes, but home prices are pushing them out further Website: 7 Ways Generation Z Will Change CRE on GlobeSt.com www.Windermere.com/Economics