Creating Wealth Real Estate Investing with Jason Hartman

Jason Hartman kicks off the episode breaking down the OTHER 3 market types. No, he's not talking linear/cyclical/hybrid, today he's talking buyer/seller/broker markets. Then Jason talks with Mike Moyer, creator of Slicing Pie, about how to partner with people on startups and real estate investing in a way that fairly incorporates everything people bring to the table. The two discuss the need to factor in work, cash, ideas, goods, etc when valuing contributions, as well as the multipliers for each faction depending on their scarcity. Key Takeaways: Jason Intro: [5:57] Real estate is a pretty easy thing to partner on, as long as you keep it arms length [7:07] Welcome to the newest Venture Alliance members! [9:07] The 3 basic types of markets (that aren't linear/cyclical/hybrid!!!), and how you figure out which one you're in [13:12] Jason likes the broker's market, obviously, but is still pretty bullish on the real estate market Mike Moyer Interview: [18:38] You have to go into a startup with the knowledge that you can lose all of your money [19:39] How would you use Slicing Pie in a real estate deal? [23:47] Why there's a difference between cash & non-cash contributions when you're slicing [26:42] The reason there are multipliers in slices is so that there are consequences if someone leaves the pie [30:05] Why time based vesting isn't the way to go [32:34] What is Mike's definition of a startup? [37:50] What are all the ways you can get a slice of pie in a company? [41:59] How do you get started slicing pie? Website: www.SlicingPie.com

Today's Flash Back Friday comes from Episode 259, published in May 2012. Jason Hartman and returning guest, Dan Amerman discuss federal policies and interest rates, which hurts the savers and fixed income folks. The artificially low interest rates are not working and create higher prices through inflation. They also discuss inflation rates, in which the federal numbers are glossed over and do not match true inflation as experienced by the American citizens through food, fuel, and utilities. Manufacturers hide inflation by making products smaller. Jason and Dan then talk about rental housing and how to arbitrage the inflation. Dan explains how to turn the fed policies around to our advantage. It starts with understanding cash flow investing and setting your safety margin. When looking at cash flows, rather than being all about the price, it's more about the interest rate when it comes to a mortgage. In the process of creating non-free-market interest rates for banks and for the federal government, the federal government has accidentally made available subsidized mortgage rates that are available if you can get the lending. It goes directly to your bottom line as the investor, resulting in much higher cash flows than you would see in a free market.

Jason Hartman, his mom Joyce, and Drew finish up their long talk about property management practices. This time Drew throws some questions toward Joyce about how to walk the line with a tenant while still keeping a good personal relationship with them, tenant retention, and Jason's theory on the pinball effect that can happen when you own enough places in one market. Key Takeaways: Jason Intro: [2:01] Occassionally you may have difficulty with insurance when you self-manage [2:56] The riskiest part of self-managing is the tenant turn [6:34] Join Jason on a trip to Sweden or come to San Jose for the next JHU event Joyce & Drew Interview: [9:34] One of the nice things about not being near your investment properties is that you CAN'T go over and meet anybody [11:56] How to retain tenants, and how to get rid of deadbeats [14:16] Once you've formed a relationship with a tenant as a self-manager, is it awkward to raise the rent on them or enforce late fees, etc? [18:38] When do you build the expectation of rent increases into the relationship? [25:39] Why the hybrid management is the best system, and what to expect from your realtor helping you [28:15] Do self-management styles change based on the type of neighborhood your property is in? [31:46] Jason's pinball effect when you have enough properties in one market Website: www.JasonHartmanIceHotel.com www.JasonHartman.com/Events

It's time for Jason Hartman to have a good, old fashioned discussion on property management. This time, however, there are THREE sides at the table. In one corner is Jason's mom, Joyce, who is an EXTREME do-it-herself self-manager. In another corner is Drew, who has always been with a property management company and isn't ready to step into the self-management world. And in the final corner is Jason, with his method of a hybrid model. Listen in as these three discuss concerns, strategies, and tips for property management, no matter which road you decide to go down. Key Takeaways: [2:06] Photos from Meet the Masters are up, don't forget to download yours! Join Jason for a bucket list trip to the Icehotel - Sweden in April and don't forget to register for the Jason Hartman University event in San Jose. [7:51] The hardest part of Jason's business is property management "Sometimes it's better to delegate, I admit, but sometimes it's better to just do things yourself" [10:16] Drew's properties in Indianapolis were A builds, but after the Great Recession they're in C+ neighborhoods now [13:05] Jason's hybrid self-management practice [17:00] Where Joyce gets access to running credit reports and everything she needs to do to screen tenants "The longer you have that tenant, the less hassle you have with that tenant" [21:58] The most important thing you need to communicate to your tenant about rent [27:52] Property managers have inherent conflicts of interest [29:48] How Joyce gets her property ready for the next tenant [32:26] Questioning pricing can frequently lead to dramatic reductions in price "Don't be afraid to make deals with your tenants, a lot of times they want to improve the property" Websites: www.JasonHartman.com/Photos www.JasonHartmanIceHotel.com www.JasonHartman.com/Events

Jason Hartman kicks off the episode discussing some self-management tips and what's going on with the new Fed chair. Then, in his 10th episode interview, Jason talks with serial entrepreneur Peter Sage, author of 5 Keys to Master Your Life, about his recent 6 month stay in jail and how he was able to use that as a teaching (and learning) experience for himself, the inmates, and his students. The two touch on the importance of identity, the need for ego strength & ego drive, what drives people, and more. Key Takeaways: Jason Intro: [1:44] Remember, self-management doesn't have to be forever. Transferring to a property manager, if needed, takes no time [2:39] Meet the new Fed chair, same as the old? Peter Sage Interview: [6:53] Peter's latest "adventure" that landed him in jail [11:19] Identity plays a huge part in how you deal with life [17:10] Peter's idea of a "contrast frame" [19:27] Why do people give up at the first sign of adversity? The difference between ego strength & ego drive [21:37] Most people are driven by G.O.O.P. [26:01] We need to learn how to love more Websites: www.PeterSage.com Man's Search for Meaning by Viktor Frankl

Today's Flash Back Friday comes from Episode 634, from February 2016. Investing in income properties or single family homes is the most historically proven asset class. We start out with the Venture Alliance Group in Dubai and later Naresh asks Jason investment related frequently asked questions about commercial and residential real estate properties, about single family homes, how the need for housing is never outsourced to another country and how the oil surplus is affecting US oil towns. Real estate investment income property is the most historically proven asset class. Real estate properties should be looked at in a market by market basis and when looking for you first or next creative deal make certain you can trust the person you are dealing with. When choosing a partner make sure they have tenure in real estate investing. They should already have a comprehensive network of investors and local market specialists in place before you trust them with your money. Key Takeaways: Dubai Intro: [1:44] Gary Pinkerton joins us in Dubai [3:49] Get out of the stock market and into cashflow investing [7:03] You want those around you to inspire you and make you accountable [8:20] The reluctant investors lament & to stay focused on market rent Investor Question's with Naresh: [11:51] Is renting a waste of money? [21:43 Defining commercial and residential property [24:44] Large investors need to invest their money into something [28:18] All of Naresh's businesses have parts which are outsourced overseas [30:54] Getting ripped off when trying to buy properties and creative opportunities [32:39] Is deflation a huge threat to the United States? [37:14] Real estate income property should be looked at on a local market basis [38:00] How will "oil exploration" cities deal with the current oil surplus [40:39] The problems in the energy corridor of Houston Mentions: Hartman Media Jason Hartman Hartman Education – Meet the Masters Course Venture Alliance Mastermind Voxer – JHart88 Tweetables: "If you have a lot of capital to invest you may get lower return on your investment." "Depreciation tax benefits are 25% better on residential property than commercial property." "Stay away from investing in one horse towns. If the city isn't diversified in business one blow could be its final one."

Jason Hartman finishes up his conversation about asset protection with Garrett Sutton. The two delve into the external threats to your portfolios this time, looking at how to properly protect your properties if lawsuits come toward you. Garrett also explains when you would want to take an LLC over a corporation, what states are best for protecting you, what actions are being taken to weaken LLCs across the nation, and why doing more than the law stipulates can be a very good, very easy thing. Key Takeaways: Jason Intro: [2:25] Photos from Meet the Masters are up at www.JasonHartman.com/Photos [3:15] Join the Icehotel trip at www.JasonHartmanIceHotel.com [5:03] The next Jason Hartman University event is in San Jose, go to www.JasonHartman.com/Events Garrett Sutton Interview: [7:18] Two areas where Jason sees real estate creating liabilities for the owner: fair housing and safety [11:34] The external threat is the biggest threat for your assets [13:34] Breaking down Slide #6 [17:41] What you need when you domesticate a judgement [19:49] It's a good idea to have yearly meetings for your LLC even if your state doesn't require it [22:00] States that have good asset protection for LLCs and corporations [24:08] Why an LLC over a Corporation [27:46] Some states are not providing asset protection for single member LLCs [31:46] Garrett's $100 off deal for Jason's listeners Website: Get Garrett Sutton's Slides here www.JasonHartman.com/Properties www.CorporateDirect.com

Jason Hartman wanted to make sure that the practice of asset protection is understood by every investor, because it can make or break your portfolio if done wrong. As such, he invited Rich Dad Advisor Garrett Sutton back on the show for a long, in-depth interview. We'll finish it up tomorrow with the second half, but today the two discuss the inside/outside attack on LLCs, discuss which states have weak and strong LLC protections, and how to protect your properties properly. Key Takeaways: [4:13] The impact of controlling the money [7:45] How music has impacted societies around the world [10:30] Want to go to the Icehotel in Sweden with Jason? [12:58] The inside attack versus the outside attack [16:41] California has the weakest asset protection laws in the union [18:47] Why Wyoming LLCs can protect your other LLCs better than any other state [23:21] If you have your state LLC inside a Wyoming LLC domesticated in your state, which state rules apply? [25:31] Why is it called an "Armor 8" strategy and when is it a good choice? [30:24] How the Wyoming LLC provided a win for a car wreck causer Website: Get Garrett Sutton's Slides here

Jason Hartman takes the reins for a whole episode, discussing how peer-to-peer interactions are disrupting industries all across the economy, how blockchain is now even infiltrating dating, and the government shutdown. He also shares the 10 biggest ICOs of 2017, which shows the amazing amount of money that's entering the cryptocurrency world, and also the movement for the 51st state in the US. Key Takeaways: [3:17] A big thanks to intra-preneurs [5:51] Cryptocurrencies are up against the most powerful forces humanity has ever known [7:22] Blockchain is now being used for bedroom activities [11:40] The disruption caused by Napster and programs like it, and how it impacted its industry [13:36] 10 biggest ICOs of 2017 [17:43] The government shutdown is expensive administratively speaking [19:06] The movement for a 51st state [26:18] California has the highest poverty rate in the US [28:46] Check the Meet the Masters app for speaker slides that have been updated Website: www.JasonHartman.com/Properties

Today's Flash Back Friday comes from Episode 285, from November 2012. Jason Hartman and Karl Deninger, author of Leverage and his blog, "The Market Ticker," get together to discuss the economic structural imbalances around the world. Karl started "The Market Ticker" to warn investors about impending ruptures in the stock market after he figured out the illegal methods happening in the tech boom and crash that left many of his friends bankrupt. He stresses the importance of knowing how we got where we are today and offers solutions to actually put the system back together on a sustainable basis. In his book, Leverage, Larry explains the problem in that all geometric systems are unsustainable for the long term, such as Medicare/Medicaid, trade deficits, deflation from productivity, deflation of fiat money, and much more. Mr. Denninger is the former CEO of MCSNet, a regional Chicago area networking and Internet company that operated from 1987 to 1998. MCSNet was proud to offer several "firsts" in the Internet Service space, including integral customer-specified spam filtering for all customers and the first virtual web server available to the general public. Mr. Denninger's other accomplishments include the design and construction of regional and national IP-based networks and development of electronic conferencing software reaching back to the 1980s.He has been a full-time trader since 1998, author of The Market Ticker (http://market-ticker.org), a daily market commentary, and operator of TickerForum, an online trading community, both since 2007.

Jason Hartman and investment counselor Carrie take a look back at Meet the Masters 2018. The two discuss some of their big takeaways from the weekend, including property management tips, mortgage sequencing, internal and external threats, and lending practices. Key Takeaways: [5:48] The Local Market Specialists gave some good insight into their markets [9:56] Journey Captured was worth the expense [13:09] A little tension in your relationship with your property manager is a healthy thing [16:17] Sometimes you have to take leadership, even if you have a property manager [20:48] The amazing statistic of mortgage sensitivity [23:21] You have to understand the difference between internal and external threats, and the first step in asset protection [29:15] The strategy in borrowing and why Jason likes the lenders in his network Website: www.JasonHartman.com/Properties

The 20th Meet the Masters of Income Property is in the books! Thanks to all who came to this amazing event to learn and expand your network. It was truly an awesome event thanks to the speakers and the guests. Listen in on some clips of our speakers from the 3rd day. Sunday featured Jason Hartman, Brian Smith (founder of Ugg Boots), Gary Pinkerton, the Moneyball Economist Andrew Zatlin, lender Aaron Chapman, a lender panel with Aaron and Joe, an investment counselor panel, and a Q&A with Jason's mom and aunt! Enjoy this wrap-up and we hope to see you at the next Meet the Masters. Key Takeaways: [3:10] Brian Smith [8:35] Gary Pinkerton [14:23] Andrew Zatlin [20:00] Aaron Chapman [25:08] Lender panel [33:32] Jason Hartman [42:18] Investment Counselor panel [44:00] Joyce & Aunt Joan [46:57] The reluctant investor lament Website: www.JasonHartman.com/Properties

The second day of Meet the Masters is in the books, and what a day it was! Jason Hartman kicked off the day with a brief talk about the ulimate investing equation, then we heard from Dr. Ron Paul, Garrett Sutton, John Burns, Ken McElroy, Ryan Schellhous, the local market specialists, and Danielle DiMartino-Booth. Listen in as these great minds share their insights about real estate, liberty, and the markets with you. Key Takeaways: [1:05] Jason Hartman [5:16] Congressman Dr. Ron Paul [13:40] Garrett Sutton [18:45] John Burns [22:16] Ken McElroy [33:56] Danielle DiMartino-Booth Website: www.JasonHartman.com/Watch

The first day of Meet the Masters has concluded, with an amazing, jam-packed day of presentations and panel discussions. Get a taste of the day with these snippets from some of our speakers and panel members. Hear Jason's views on mortgage increases and ownership rates, Quad Cities demographic breakdown, Pat Donohoe's Human Capital Statement, lender insights into down payment and getting loans for a non-working spouse, getting insurance in Florida, the dynamics of the Memphis market, important questions to ask your turnkey providers, home buying tendencies and more in this wrap-up of the first day! Website: www.JasonHartman.com/Watch

Today's Flash Back Friday comes from Episode 610, originally published in December 2015. Our Meet the Masters of Income Property event is coming up soon and to start prepping for the affair Garrett Sutton introduces us to his topic of discussion for the event, asset protection. We talk about his new book and strategies for protecting your assets. During the guest interview, Emily Filloramo helps us to unlock the fear and shame which may be holding us back from being the best we can be. She describes how childhood traumas may have a lasting effect in our business and personal lives. We need to recognize our negative self-talk and analyze our personal protective systems. Key Takeaways: Garrett Sutton Intro: [2:23] Asset protection advice from someone who knows the business [4:09] The State of California is the worst place to do business in the U.S. [7:11] What is your asset protection strategy? [8:47] Series LLC's [10:16] Garrett has 10 books including 6 in the Rich Dad Advisor series and his new book [12:04] Meet the Masters of Income Property, extra tickets are available [13:04] Venture Alliance Mastermind meeting is in Dubai - Get your tickets now Emily Filloramo Guest Interview: [15:00] Pieces of ourselves which hold us back [17:27] Going deeper to identify the part of you which is afraid of success [18:52] People live through a mask especially in their 20's and 30's [21:15] Feeling shame and not belonging at a young age [23:47] Arrogance is a sign people are hiding shame [25:18] Understanding psycho-spiritual healing [28:44] Is it safe for you to reach a goal is a question which identifies negative self-talk [31:07] A Nelson Mandela quote [33:05] Self-sabotage in the face of fear [36:36] Analyzing your protective system [40:41] Contact information for Emily Mentions: Garrett Sutton Finance your own Business - Garrett Sutton Jason Hartman Venture Alliance Mastermind How to Permanently Erase Negative Self-Talk So You Can Be Extraordinary Be More Extraordinary [email protected]

Jason Hartman starts today's show with some final notes about Meet the Masters, which starts on Friday. There's some things you need to know in regards to availability after the event, social media opportunities at the event, and a special something being done with the Creating Wealth podcast at the event. Then Jason talks with Barry Habib, renowned mortgage industry executive and founder of MBS Highway, about what to expect in the mortgage world in 2018. The two discuss why the media doesn't seem to get real estate, why real estate appreciation doesn't have to match stock market appreciation, mortgage tax deductions, and how the Roe v Wade decision actually impacted a housing bubble. Key Takeaways: Jason Intro: [6:16] Get your Meet the Masters tickets now. There may be a product to get the speeches after the event, but it won't include Ron Paul [9:22] Jason will no longer call California the "Socialist Republic of California", but Californians have one person they really need to lean on for relief [12:55] The hashtag for Meet the Masters will be #JHLive Barry Habib Interview: [14:18] Is Barry still bullish the US real estate market? [18:23] The power of leverage, when a 6% return can dwarf 20% [22:12] The interest you pay for your house goes to the lender, but the principle is STILL YOUR MONEY [24:37] How much Barry expects mortgage rates to rise in 2018, and how it impact appreciation [25:42] Why aren't people taking the mortgage tax deduction? [27:23] The bullish sentiment is the highest it's been in about 20 years [31:33] How Roe v Wade led to a housing bubble Website: www.JasonHartman.com/Masters www.JasonHartman.com/Watch www.MBSHighway.com "Builders are not keeping up with household formations and household formations are going to continue to rise" "The mortgage paydown should be considered positive cash flow, that's really what it is"

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

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 [11:02] There will be an abundance of Local Market Specialists at Meet the Masters, so you can meet the people you're working with 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/Masters www.JasonHartman.com/Properties

Jason Hartman has a special announcement for everyone attending (or considering attending) the 2018 Meet the Masters of Income Property. This year there won't be a paper schedule, but an app that tells you everything that's going on at the event. Make sure to check your email for the link to download the app before the event. Also, Jason thanks all the entrants to the 5-year plan, get ready to see some of them at Meet the Masters, and announces the winner of the contest for 2 tickets to Meet the Masters. Website: www.JasonHartman.com/Masters www.JasonHartman.com

Today's Flash Back Friday is from Episode 638, originally published in February 2016. Jason shares his real life rise in wealth story and it all started with an income property seminar. This is a great episode for anyone you know who is just starting out in investing. It leaves little doubt that investing in income properties with a buy and hold strategy is the way to gain wealth. Jason describes the basics to Brian Bain, a stock market investor, and fellow podcaster. He shares examples of how 30-year mortgages on single family homes are a not only a multi-dimensional asset class but also a tax write-off. If you want to hear a concise, easy to understand overview of how to make money in the complicated U.S. financial market, this is the show for you. Key Takeaways: Jason's Editorial: [1:58] Ben Bernanke and Yogi Berra quotes [3:21] Investors must align their interests with Central Bankers [7:22] Arbitrage – Exploiting the differences in things as a real estate investor [10:43] Jason Hartman University Live Event in Salt Lake City, Utah [11:56] Vacation rental properties in the Orlando market, yes or no? Brian Bain interviews Jason for his "Investor in the Family" podcast: [17:15] His story – Jason started in real estate when he was just a teenager [23:36] Income property is a multi-dimensional asset class and a tax write-off [27:46] A lender cannot sue you if you have a non-recourse loan on a property [31:40] 6 ways the government will deal with underfunded entitlement programs [35:10] Investors should align their interests with governments and banks [37:39] Inflation redistributes wealth better than taxes [40:00] An example of how thousands of people gained wealth from single family homes [49:21] Anything without income is not really an investment [51:07] Long term investments are definitely the way to invest your money Mentions: www.JasonHartman.com/Properties Investor in the Family Podcast 1984 – George Orwell Tweetables: "Did you know a lender cannot sue you for default if you have a non-recourse loan on a property?" "Banks and governments, we don't like them but aligning your interests with them is the way to wealth."

Jason kicks off the show with a reminder for Meet the Masters, along with some quick tips for property owners about pet rent, your property manager, and running the numbers before purchasing your property. Then Jason Hartman talks to Meet the Masters of Income Property keynote speaker John Burns, CEO of John Burns Real Estate Consulting, about how the autonomous car is going to change the look of cities, what a "surban" is, and why the 1980s is "the sharer" generation. The two also go into a more in-depth look about what kind of markets there are in the United States, and which hybrid markets may be on their way down. Key Takeaways: Jason Intro: [5:05] A quick tip on pet rent [7:58] Pay attention to your property managers [9:37] Look beyond cash flow when evaluating properties to purchase [11:37] Returns shrink as markets become more sophisticated [13:28] Get some good photos of your home right when you purchase John Burns Interview: [17:36] Amazon's search for a second headquarter location, and where John thinks it will be [20:19] How John classifies markets [22:48] Hybrid markets like Austin and Dallas are seeing way more growth than they normally do in cycles, and why Austin's best days may be behind it [24:17] The world is shifting more toward suburban apartments, being driven by local money [26:53] The definition of "surban" [32:00] The nickname for those born in the 1980s is "the sharers" [35:01] The impact of autonomous cars Websites: www.JasonHartman.com/Masters www.JasonHartman.com/Contest www.RealEstateConsulting.com "The more perfect the marketplace, the less opportunity is available"

HAPPY NEW YEAR!!! 2017 is in the rear view mirror and we're meeting 2018 straight on. Jason kicks off the show discussing scalable business models, the impact of rising interest rates in 2018 and the bubble economy we're in now. There will be a lot more in-depth coverage of these issues at Meet the Masters of Income Property in 2 weeks! Then, Jason Hartman talks with Danielle DiMartino-Booth, author of FED UP! and founder of Money Strong, about her thoughts on the new tax reform bill, whether the corporate repatriation will improve the economy, cryptocurrency, the US shrinking labor force and more. Key Takeaways: Jason Intro: [1:59] The best business model in the music world [7:25] What we'll be seeing as interest rates creep higher in 2018 [12:36] It's easy to suggest that we live in a bubble economy Danielle DiMartino-Booth Interview: [16:11] Danielle's thoughts on the new GOP Tax Reform [19:40] Share buybacks have slowed, why is that important? [22:20] We have no idea what the unwind of the biggest experiment in monetary policy will look like [25:12] Why the biggest bubble out there today is the confidence bubble [26:06] Danielle's opinion of the cryptocurrency world today [28:38] The best comparison for the cryptocurrency mania we see today [31:57] The United States has had a shrinking work force for 20 years now [32:52] We have GOT to change our education system so we can be competitive on the global stage [35:01] Some bullet points about what Danielle will be discussing during her speech at Meet the Masters Websites: www.JasonHartman.com/Masters www.JasonHartman.com/Contest www.DiMartinoBooth.com www.Twitter.com/DiMartinoBooth Tweets: So much of this tax law depends on unicorns existing that I just don't know how much faith we can put in it 2017 has been a record run rate for quantitative easing globally You can't tell me that anything is a storer of value that can lose 25% in a week

Today's Flash Back Friday comes from episode 616, from January 2016. Phase 1: Buy some properties, Phase 2: Protect your assets Jason answers your questions in this high-level Q&A. The main takeaway from this episode is to buy some properties now. Getting started is often the hardest part for real estate investors. If you don't start today you may put off creating a wealthy future for yourself and one day realize it is too late. If you buy your properties with the help of Jason's team you are able to leverage the huge volumes at which they do business. You get seasoned, professional help with your very first property purchase. You don't have to do this alone! Key Takeaways: [3:36] Oliver was a dedicated listener before working as an investment counselor [9:31] Why doesn't the whole world know about income property? [11:27] 14 million individual investor-owned single family homes [15:20] Jason answers real listener questions about LLC's, evictions and identifying markets [17:57] 1.) Buy some properties and 2.) Protect your assets [23:57] How to identify and choose a real estate investment market and the local market team [29:21] Understanding acquisition costs for the Local Market Specialist [32:55] Properties on JasonHartman.com are not necessarily the best deal you can get [35:07] Multiplexes or single family houses? Which is better for cash flow? [38:56] Higher priced properties have lower rent to value ratios [40:25] Meet the Masters event is coming up – you can still get a ticket [41:45] Venture Alliance trip to Dubai on President's Day weekend Websites: www.JasonHartman.com/Properties www.VentureAllianceMastermind.com www.JasonHartman.com/Masters

Jason kicks off the show looking at a microtrend he's been seeing after the GOP Tax Reform was passed, which may only be attributable to people wanting to hate anything Trump does. He also looks at the response of people to the tax reform, with people looking to prepay their property taxes and write it off on their 2017 taxes. In this second half of the show, Jason Hartman finishes his interview with CPA Ryan, as the two continue their look at the new GOP Tax Reform. Ryan points out a few more big changes, as well as several minor ones. Some of them are HUGE for real estate investors, like the accelerated bonus depreciation, while some are mostly targeted at smaller groups (like hedge fund managers). Key Takeaways: Jason Intro: [3:56] The microtrend Jason's noticed recently [11:33] A lot of people are prepaying their 2018 property taxes before the end of the year so they can deduct it on their 2017 taxes [15:25] Holiday retail sales were fantastic [18:21] Enter at JasonHartman.com/Contest to win tickets to Meet the Masters CPA Interview: [20:50] The accelerated bonus depreciation is enormous for real estate investors [24:21] Changes to the 1031 Exchange rule [28:25] The carried interest rules have changed as well, impacting the hedge fund managers trading techniques [30:14] 529 plans (education plans for children) can now be used to pay for private schools [30:47] Some tax changes that were EXPECTED but didn't end up happening Websites: www.JasonHartman.com/Masters www.JasonHartman.com/Contest

Jason Hartman starts off the show from the bottom of the Grand Canyon discussing the upcoming Meet the Masters event, along with his excitement about the new GOP Tax Reform. Then Jason talks with CPA Ryan about the new tax plan. The two start off with a 30,000 foot overview of the plan, then drill down into specific components of the plan as they figure out who is going to be helped and who may not see as much of a benefit under the plan. Ryan explains the biggest revenue raisers and "losers" under the new bill, and some of the most important pieces that will impact individual filers. Key Takeaways: Jason Intro: [3:04] The Grand Canyon may actually be more impressive when you look up from the bottom [5:39] Meet the Masters of Income Property is in 2.5 weeks, featuring Ron Paul [7:45] Danielle DiMartino-Booth may not be a huge fan of the new tax reform; we'll find out at Meet the Masters CPA Interview: [12:58] The 30,000 foot overview of the GOP Tax Reform [14:53] Will this tax reform create a repatriation of wealth back to the US? [18:43] The move that mobilized the GOP forces toward tax reform [20:40] The 2nd most important thing in the tax plan was the widening of tax brackets and lowering of rates for individuals [22:50] The standard deducation has been increased, which should increase the number of simple 1040s being filed [25:51] The single largest revenue raiser in the entire bill [28:04] The change in mortgage interest deductions could cause a dampening in the high end real estate market [30:33] The Alternative Minimum Tax isn't gone, but it's gone through an overhaul [32:25] Pass-through businesses are getting a 20% deduction Website: www.JasonHartman.com/Masters www.JasonHartman.com/Contest

There's a constant dialogue going on in our head that tells us why we can't do something. There's constantly an excuse for our behavior that lets us shift the blame away from ourself and on to other things. Jason Hartman talks with Noah St John about this "head trash" and how we can change our thoughts to better our life. In this 10th episode, Jason and Noah talk about how you can actively work on your mind to create the reality you desire, both professionally and personally. Key Takeaways: Jason Intro: [2:30] Alexa, where's Santa Clause? [3:29] The 5-year plan contest ends December 26, 2017 [5:25] Venture Alliance Mastermind group has been streamlined, the price is reduced, and now has ADD-venture trips [7:19] The GOP Tax Reform is a great Christmas gift [9:52] Do deficits matter that much when you have the reserve currency and the largest military ever known to mankind? Noah St John Interview: [13:43] What is head trash? [18:26] Sometimes our own belief systems are what's holding us back [22:16] How do you go about and actually change your belief to stop holding yourself back? [24:50] Neuroscientists have identified what's known as the "Habit Loop" that you have to break [27:18] People rarely realize how powerful they actually are [31:46] Sometimes even things that are positive (like a good work ethic) can hold us back from where we want to go [34:39] The difference between affirmation and afformation [37:46] How you can use afformations in your relationships Website: www.JasonHartman.com/Contest www.JasonHartman.com/Masters www.JasonHartmanIceHotel.com www.NoahStJohn.com www.SendMeABookNoah.com www.AfformationsBook.com "There's no lack of information but there's a DEFINITE lack of implementation" "If you keep not delegating then pretty much you're going to be stagnating."

This week's Flash Back Friday comes from Episode 626, originally posted in January 2016. Cozy makes collecting rents and screening tenants accessible from anywhere. Owning the most historically proven asset class, income property, is getting easier. This new service allows landlords to screen tenants, view credit reports and collect rents from a smartphone or tablet. There are nominal fees built into services like debit card processing and the obtaining of a credit report which are paid for by tenants. Professional property owners now have a one-stop shop for managing their income properties, no matter where they are in the world. Key Takeaways: Jason's Editorial: [1:24] The devastating news from the stock market, was it manufactured? [5:44] Could the government take away the benefits of the most tax favored asset? [7:37] The entire world economy is 60 trillion in a year and we lost 8 trillion in less than 1 month [9:58] Let's print more money because there is no limit [12:57] Get free powerpoint slides and a reserve your spot for the next JHU event March Gino Zahnd Guest Interview: [17:12] What exactly is Cozy and how did it start? [20:23] A landlord has access to a tenant's credit report without the chance of identity theft [22:10] An agent can only use the screening tools or the full-service option [24:59] Can a landlord can still add an application fee to cover their time spent? [27:44] Credit reports & background checks have a fee associated with them via Cozy "We help landlords by eliminating the hassle of rent checks and screening new tenants." [29:35] Automated Clearing House (ACH) payments are free between landlord and tenants [32:07] Cozy eats the cost of transactions in exchange for client satisfaction [33:26] 2 ways for a landlord to initiate payments [35:45] Cozy's goal is to be the best one-stop shop for realizing rent payments "Landlords will be notified when rent payments are received, removing the need to manually check." [39:52] Rental markets are in the U.S. are fragmented and hard to access [40:50] Cozy is available on your phone or tablet and new services are coming Websites: www.Cozy.co @cozyco www.JasonHartman.com/Masters www.JasonHartman.com/Matrix

Jason Hartman and Ken McElroy finish up their conversation started in episode 927. This time, however, the two look into the importance of how property owners (and managers) treat their tenants, and why many people are doing it wrong. They also discuss why the American idea of home ownership may be a massive myth, and two critical pieces to your investment success. Key Takeaways: Jason Intro: [3:29] Apple has confirmed a long-held conspiracy [6:38] Jason believes this tax plan is going to be phenomenal for the economy [10:49] Some back of the napkin math on the impact of the new tax plan [15:19] It's been 3 decades since we've had real tax reform, so Jason's bullish Ken McElroy Interview: [20:42] It's important to treat all your residents as your customers [22:08] Is the idea of home ownership a myth? [24:22] Population growth and migration are two things critical to investment success [27:41] The state of the states Website: www.JasonHartman.com/Masters www.JasonHartman.com/Contest www.MCCompanies.com

Jason Hartman starts off the show discussing the recent news that economic optimism under President Trump is nearly unprecedented. He also goes into what to look for when moving, and what "The Wheel of Life" is about. Then we have part 1 of Jason's interview with Rich Dad Advisor Ken McElroy, who will be speaking at this year's Meet the Masters of Income Property in La Jolla. Ken tells Jason some of the most common mistakes he sees real estate investors make, why you can't just buy real estate any time you like, and some tips on how to do property management the right way. Key Takeaways: Jason Intro: [3:52] We are at a time of unprecedented economic optimism [6:11] Why Jason enjoys moving and what to look for when you're moving [12:25] CNBC video about current levels of economic optimism [17:34] What The Wheel of Life is about Ken McElroy Interview: [24:16] The two common mistakes Ken sees in real estate investors [26:19] Real estate is cyclical, so you can't just buy all the time throughout your career [28:41] Ken's real estate business model [30:20] Some tips on how to do property management right [33:01] C class properties look good on paper, but in the long run, better quality properties bring better quality tenants Website: www.JasonHartman.com/Masters www.KenMcElroy.com

The GOP tax plan is looking like it's going to be going through in the near future, but with a bill this long nobody is 100% sure how it's going to impact their taxes. In the second part of their interview, Jason Hartman talks with Naresh about what Jason's seen in the tax plan that will impact income property investments and why the plan will create upward pressure on rents. The two also go into censorship in America, from YouTube to Naresh's new book, Trumpbook: How Digital Liberals Silenced A Nation Into Making America Hate Again, which he's been unable to market in traditional outlets that are advertising left leaning books. And don't forget to do your 5-year plan, record it and upload it by Christmas to enter the contest! Key Takeaways: [5:02] This tax plan will be great for real estate investors because it dis-incentivizes buying a home [8:38] The White House clip on taxation [12:05] Supply side economics works, it's not a zero sum game [18:25] The Fed is going to be raising rates six times in the next 2 years, which will be HUGE for real estate investors getting in now [22:23] The 2 things that could ruin Jason's prediction on interest rates impact [23:52] Naresh's new book, Trumpbook, is being censored by the mainstream media. Get a free copy by going to www.NareshVissa.com Website: www.JasonHartman.com/Masters www.JasonHartman.com/Contest www.NareshVissa.com Trumpbook: How Digital Liberals Silenced A Nation Into Making America Hate Again "Earned income by employment is always the least favorable income you can have in the US."

In part one of Jason Hartman's interview with client Naresh, the two discuss what led Naresh to buy his first income properties, why he is now veering away from investing in things like the stock market and cryptocurrencies, and how our portable, sharing economy is changing everything. Naresh is currently purchasing his second rental property while RENTING his apartment in Florida, something most people would consider the "wrong" decision. Key Takeaways: [7:03] How Jason & Naresh first met [9:33] How the "portable society" impacts you as a real estate investor [13:01] The world is changing faster than ever before, so we need to throw a lot of our old ideas out of the window [19:28] We'd all love to get something for nothing, but really we're just gambling [22:38] An interesting piece of education from Naresh's recent trip to Columbia that shows the value of the dollar Websites: www.JasonHartman.com/Masters www.KrishMediaMarketing.com "Nothing is bigger than the American brand, no brand has more value than the United States of America brand"

The world today has created criminals that have become more and more sophisticated as crime has gotten harder due to security measures most people are using. Doors aren't left open any more, everything has an alarm on it, but people still don't protect EVERYTHING. Identity theft is a huge problem, and there are scams abound for people who are willing to sink to that level. Jason Hartman warns about some of the newer scams to hit the market. Also, don't forget to do your 5-year plan video or register for Meet the Masters! Then, Jason talks with Jorge Newbery, author of Debt Cleanse: How to Settle Your Unaffordable Debts for Pennies on the Dollar, about Jorge's real estate journey, including having to fight against local government in an attempt not to lose an 1,100 unit apartment complex. Jorge at one point was $26 million in debt and has fought his way back and is set on helping those who need it most. Key Takeaways: Jason Intro: [3:09] Jason's thought on identity theft, which Jason considers the biggest crime in the world [5:57] One of the new telemarketer scams out there today [9:30] A story about how fractional lending actually stopped a man from being foreclosed on in the 60s [12:34] The 5-year plan videos are looking great! Jorge Newberry Interview: [20:26] How Jorge got into the real estate business, and was taken down by a single ice storm [24:46] The City of Columbus, OH wouldn't let Jorge's renovations pass inspections [28:56] A fake news story about Jorge being investigated turned the public against him and his renovations [33:13] Why Jason is okay with the strategic default practice, even as a lender himself [34:39] In his quest to erase his $26 million in debt, Jorge found an error that erased $5 million of it, which led to a startling revelation [38:39] Our whole society is set up to create massive bubbles that burst and allow the powers that be to buy assets for pennies on the dollar while we blame ourselves for the situation [40:45] The wealth concentration in our nation is becoming untenable [42:20] The #1 piece of advice for if you're in trouble with your loan Website: www.JasonHartman.com/Masters www.JasonHartman.com/Contest www.AHPFund.com www.DebtCleanse.com Over the course of time, it is in the interest of the banks, and the creditors, and the Fed...to create these bubbles.

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: [4:47] The difference between saving versus savingS rates [9:36] The Fed has some useful data that can be used for your investing research, and one thing in the consumer credit reports stuck out [11:40] The growth in consumer (and student loan) debt in the last 5 years has been astounding {14:32] Cryptocurrency mania is going crazy and it's not a healthy thing [16:51] The REAL environmental destruction that cryptocurrencies are creating [19:45] What's going to happen to Bitcoin now that it will be traded on 2 exchanges? Will the volatility finally end? [25:59] Where are interest rates headed? Websites: www.JasonHartman.com/Masters www.PNC.com A 1% rise in interest rates would disqualify 5 MILLION households from owning a $200,000 home

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 goes off topic 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: Jason Intro: [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 [8:56] DO YOUR 5-YEAR PLAN! 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.JasonHartman.com/Contest www.JasonHartman.com/Masters www.CameronHerold.com

Is the home ownership rate too high? Are millennials going to enter the market and disrupt everything? To answer these questions you have to answer Jason Hartman's key question in life: compared to what? Any time you're making plans or comparing one thing to another, the question of compared to what pops up, and it's something we should continue to ask ourselves. Is buying a rental home a smart option? Compared to what? Should I put money toward this investment? Compared to what? Later in the show Jason talks with Ed mermelstein, founding partner of Rheem Bell & Mermelstein LLP, about what the GOP tax plan will likely do to foreign investment in US real estate. Ed describes how foreign investors are CURRENTLY investing in the US, and whether this plan will make the money flow in to the country or go running away to other countries. This impact will have especially large effects on big name markets like New York, San Francisco, and Los Angeles. Key Takeaways: Jason Intro: [2:45] "Compared to what" is the question you need to ask about everything, and it's especially important when it comes to foreign real estate investors in the United States [8:24] Millennials are entering the housing market, but not in a significant percentage [11:23] Jason's big piece of advice for people making their 5-year plan video [14:21] David Copperfield & Jerry Seinfeld's net worths go to show you the power of media & scalability [16:19] The list of countries with the highest & lowest GNI Ed Mermelstein Interview: [23:59] Will the proposed tax plan make the US real estate market more or less attractive to foreign investors? [26:14] The typical business designation that foreign investors use [28:49] Why some changes in deductions will effect investment in big cities like NY, LA, SF [31:55] Which countries some of the major US markets get most of their foreign investment dollars from, and how the investors are using their properties [35:58] Are any foreign governments buying US real estate? [38:59] The US is in a sweet spot where European and Asian investors will invest, but it doesn't go overboard because of logistics like time differences and distance Website: www.RBMLLP.com www.OneAndOnlyRealty.com www.JasonHartman.com/Contest "If fewer people wanted to own homes it will be better for the economy, and it will be better for investors." Foreign investment tends to sometimes make the news in a negative manner, but we should also consider the benefits of foreign investment in the United States

Today's Flash Back Friday comes from Episode 581, originally published in October 2015. Understanding various mortgage types and how it affects you, the investor. Even though Jason believes in a fixed rate, long-term, buy and hold mortgage strategy, he encourages people to be informed about the additional financing options available. This week he and Naresh take a deep dive into the adjustable-rate mortgage, breaking it down into easy to understand piece parts. They also discuss the wrap around mortgage, what the term negative rate means and give numerical examples to clearly explain each distinct type of calculation. Key Takeaways: [2:46] 5 Elements of adjustable-rate mortgages (ARM) [4:19] 1. Start or Teaser rate [5:10] 2. Index [7:20] 3. Margin [8:50] 4. Annual cap – 3 types [13:38] Negative interest rates [18:17] Negative amortization rate [19:05] Sophisticated investing techniques [22:43] AITD – Wrap around mortgage [24:23] Wrap around mortgage example Website: www.JasonHartman.com/Properties

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: Jason Intro: [2:07] Do your 5-year plan and submit it to www.JasonHartman.com/Contest [6:40] 2018 is predicted to be an earthquake heavy year, so be careful with your property in earthquake zones [10:02] Venezuela is the latest example of runaway inflation [13:15] Invest in commodities and fight inflation with income properties Client Case Study with Adam Jackson: [15:33] Who is Adam Jackson? [21:12] Where Adam bought his first property, and why [23:23] Why Adam chose to buy a home with cash [31:12] When you suffer through an expensive repair, remember that your loss is shared by the government on your tax return [33:50] How to keep score via financial statements [38:44] The P vs PC Balance [41:50] Adam's attempt at the abundance mentality and trying to pass along whatever wisdom/money/time he can [45:31] Focusing on a few things in-depth is better than a little bit of everything Website: Submit Your 5-Year Plan! www.JasonHartman.com/Masters Magic Power by Triumph "The other asset, that people don't realize they have, is their credit"

Over the Thanksgiving weekend, Jason Hartman found himself looking through his old books in his mom's house. In the stacks he found two books that were key in his investing journey, The Art of the Deal by Donald Trump, and Mission Success by Og Mandino. Jason explains why these books impacted him so much and why they're still important today. Then, Jason talks with Jeff Meyers, President at Meyers Research, about the state of the housing market across the USA, and how much runway the market might have. They also discuss whether millenials are finally ready to buy their first houses, and the incredible impact the self-driving car will have. Key Takeaways: Jason Intro: [2:40] The book that turned around Jason's real estate career at the age of 24 [6:33] Jason would listen to Og Mandino's Mission Success cassette on repeat [11:54] Walter Hoving's views on capitalism [15:15] Capitalism is the best (and most natural) economic system ever [17:47] A JasonHartman.com sale! $200 off VIP or Elite level Meet the Masters ticket Jeff Meyers Interview: [21:13] Are the millenials finally entering the home buying market? [24:04] There's been a long economic recovery, but housing hasn't led the way so Jeff sees more runway [28:43] When did the real recovery from the Great Recession begin, and how does it affect where we are in the housing cycle? [31:24] Mortgage lending is getting tighter than ever, with the average FICO score on each loan being 720 (the banks are allowed to loan at 680) [32:56] The self driving car could cause a resurgence of the suburbs, but it will DEFINITELY be a game changer for real estate (perhaps like how Amazon has changed the retail industry) [36:09] The cottage industry that could spring up out of the emergence of the self driving car Website: www.MeyersResearch.com www.JasonHartman.com/Masters (promo code "black" for the sale) www.JasonHartman.com/Contest The Art of the Deal Mission Success by Og Mandino Quotes: Suburban markets we see some runway. they have not kept up, and that's where a lot of demand is starting to take off. You have to remember that what caused this recession was a direct hit from the mortgage market

Jason Hartman is proud to announce the latest addition to the 2018 Meet the Masters of Income Property event, Ken McElroy. Ken is a Rich Dad advisor and entrepreneur who is an expert in investment analysis, property management, and property development. He's responsible for over $700 million investment dollars in real estate. Ken is the author of the best-selling books The ABC's of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABC's of Property Management, and most recently his book on entrepreneurship: The Sleeping Giant. Website: www.KenMcElroy.com

Today's Flash Back Friday comes from Episode 569, originally published in September 2015. Don't miss a thing with Jason Hartman University property acquisition checklists. So you've decided to invest in real estate, what now? Using the checklists provided by Jason… Website: www.JasonHartman.com/Properties www.JasonHartman.com/Contest

It's Thanksgiving Day, and it's time to take stock of all the blessings in your life. Jason Hartman recorded this episode in the home of his new podcast editor, Adam Schroeder. The two of them discuss how Adam and his wife recently became real estate investors through Jason, as well as why it's important to acknowledge your blessings in life. Key Takeaways: [3:16] The Schroeder family purpose statement [6:23] Client case study with Adam [10:48] Why appraisals are getting harder to come in at the sales price of the home [19:01] Dennis Prager's Gratitude [25:31] Take time to make a list of what you're grateful for [29:43] Feeling entitled can quickly become a burden Website: www.PragerU.com

Jason Hartman starts off the show talking with Elisabeth Embry about how she makes her 5-year plans, and why it's important. The 5-year plan contest is still going on, and you can win great prizes and set your future up for success by making one and sharing it with others. Then, Jason continues his conversation with former Congressman Dr. Ron Paul. The two finish up their talk by looking at why the government thinks they're the best option for many aspects in our lives, what would happen if the government got out of the way and prices reverted to normal (rather than the distorted view we're getting today), and why we shouldn't expect to see inflation curbed in the near future (or ever, more likely). Key Takeaways: Jason Intro with Elisabeth Embry: [2:33] The 5-year plan contest is still going on [4:13] How Elisabeth, and her husband, take the time to put pen to paper and come up with their 5-year plan [7:15] We tend to not put much emotion into our investing victories, which can make us only remember the negatives [10:46] Planning your journey using the Amazon Press Release method [14:37] Take stock of your resources, you probably have more than you realize [16:01] Creating your 5-year plan will help it come true, we're able to achieve more than we realize when we say it out loud Ron Paul Interview, Part 2: [18:50] What business is it of the government to involve themselves in so many aspects of our lives? [21:11] Many governmental programs have distorted markets like student loans and housing markets [25:28] Distorted prices and manipulating the currency and tax codes makes people worry about gaining the best tax advantage rather than getting the highest return or providing the most value [28:42] Inflation, from the government and central bank point of view, seems to be a great business plan Websites: www.JasonHartman.com/Contest www.JasonHartman.com/Masters www.RonPaulLibertyReport.com

Jason Hartman kicks off today's episode with a look at Daren Blomquist's latest Housing Report and breaks it down piece by piece. He examines the data about a long-time low in housing starts, a construction worker shortage, and an investors lament. Then, Jason introduces his guest, and Meet the Masters headline speaker, former Senator Dr. Ron Paul. The two examine what liberty really means, what governments role actually is, the damage our educational system is doing to our society, and what should be done with the federal income tax. Part 2 of Dr. Ron Paul's interview will be aired on Wednesday. Key Takeaways: Jason Monologue: [3:50] Daren Blomquist, with ATTOM Data, has released his lastest Housing Report that examines the topic of bubble markets [8:16] The construction void: lowest home starts since 1964 [13:16] The idea of a bubble warning [17:04] When Jason didn't buy mobile home parks, an investors lament [20:18] A huge labor shortage in the construction industry [22:05] Don't forget to make your 5 year plan Ron Paul Interview: [24:01] What is the meaning of liberty, according to Ron Paul? [28:50] How do you draw the line about what the government should be involved in? [32:20] Ron Paul's liberty amendment to end income tax [35:58] Progressive education has harmed our nation Websites: www.JasonHartman.com/Contest www.JasonHartman.com/Masters www.RonPaulLibertyReport.com

Today's Flash Back Friday comes from Episode 563, from September 2015. If you are using your buy and hold properties as short term rentals, through a company like AirBnB, you may be required to pay an additional 15.3% self employment tax. Although it may seem like a gray area to you, the IRS considers it an active business and will take note of which schedule you are filing. Short term rentals require more of your labor and your time which rarely gets accounted for when calculating costs. Considering all the aspects of short term rentals versus long term buy and hold properties will shield you from future surprises. Key Takeaways Jason's Editorial: [2:04] The huge flaw in Airbnb [3:10] The passing of Dr. Wayne Dyer [4:14] The female perspective [5:40] Positive Feedback from the 1st Jason Hartman University [7:39] Save the Date for the next Meet the Masters in early January 2016 [9:30] The Venture Alliance Rhode Island trip details Brandon Hall Guest Interview: [15:02] Airbnb investors also have a 15.3% tax on active income [16:13] Monetizing the value of your time [16:44] Automated business systems allow me manage my real estate in only 30 min per month [19:01] It's more time and labor intensive than a buy and hold property [21:50] A complicated scenario in setting up short term rentals [24:49] Short term rentals may earn more but the time is not factored in [25:45] Schedule E or Schedule C? [27:47] The IRS may be bringing on the audits [29:33] A 5 year depreciation schedule [31:05] The diminimous safe harbor [33:23] 500 material participation is solely for rental properties [36:06] An example of a three unit qualifier for material participation [37:53] Long distance self management is possible and maybe easier [39:35] Segmented depreciation, cost segregation using a sears catalog [42:41] Feasibility studies are expensive [44:43] Everybody needs a home office Mentions: YourErroneousZones JasonHartman [email protected] EO HallCPALLC

Jason Hartman starts off this 10th episode with a look into the "tulip bubble" in cryptocurrencies that he's afraid is going to explode. It's taking more and more energy to "mine" Bitcoin these days, and this fake work is causing real damage to our environment. Jason explains what he thinks will eventually replace cryptocurrencies like Bitcoin, and also announces the newest addition to the Meet the Masters event in January. In his 10th episode interview, Jason talks with Mark Sanborn, author of the new book The Potential Principle: A Proven System for Closing the Gap Between How Good You Are and How Good You Could Be, about how to traverse The Potential Matrix and create a better self. No matter how your life has been going, there's always room for improvement. Mark offers some tips on activities you can do to better yourself, as well as some talk about The Fred Factor, and why it became (and remains) such a success. Key Takeaways: [2:49] A tulip bubble in cryptocurrencies? [6:21] Our brain takes a lot of energy to power, so it doesn't want to think because it's easier to be lazy [10:26] You have fake currency, creating fake work, doing real environmental damage [12:17] A new speaker for Meet the Masters, Ken McElroy, is announced, and admission levels are explained Mark Sanborn Interview: [18:03] What is The Potential Principle? [20:59] The Potential Matrix can tell us the 4 areas we can get better [23:12] The first step fo the Potential Matrix is to disrupt yourself before someone or something else does [26:40] Engage others: think who before you think how [29:02] Some tips on how to properly select a book to read [32:04] The importance of The 5 Friends [34:09] Why was The Fred Factor a success? [37:38] There are Fred's all over the place, we just sometimes don't notice them, and what we can learn from them Website: www.JasonHartman.com/Masters www.JasonHartman.com/Contest www.VentureAllianceMastermind.com www.MarkSanborn.com www.PotentialPrinciple.com "If you don't disrupt yourself, somebody or something else will" "Nobody can prevent you from choosing to be extraordinary" "Everybody makes a difference, and the only question is what kind"

Today's Flash Back Friday is from Episode 562, originally published in August 2015. Jason and Naresh discuss the lure of working on Wall Street and how big firms lure college kids with 6 figure salaries and pricey hotel stays. They delve into real estate being the most multidimensional asset class and the financial protections it offers. They reflect on clients who are using money from their corporate jobs to build their real estate portfolios by investing in income property on their way to becoming financially independent. And finally, the unsafe, unstable investment of gold. Key Takeaways: [2:11] Florida is very desirable for a lot of reasons [4:25] Naresh went to Duke and worked on Wall Street [6:22] An example of a Super Day at Morgan Stanley [10:16] Kids don't aspire to work on Wall Street, they are courted in college [11:32] $150,000 a year right out of school [13:16] We sell out when we become adults [14:48] Venture Alliance event in September go to JasonHartman.com to sign up [15:16] Invest money from your corporate career as a base on which to build your wealth [16:54] You have no idea how the machine called Wall Street works [17:48] Will gold continue to drop in value? [18:30] Generation Y, what is it they find value in [19:39] 7 reasons real estate is better than gold [22:13] Your best insurance is a high loan balance [23:35] Is your gold hiding offshore? How do you know it's in storage? [25:32] Jason's Grandfather was a coin collector and had his home invaded for it [28:55] 25% down for cash on cash return of 12% annually [30:10] Multidimensional asset class is basically many different dimensions of income [31:10] Information on future episodes Websites: www.MorganStanley.com www.HudsonHotel.com 7 Reasons Real Estate is Better Than Gold Gold Antitrust Action Committee

2018's Meet the Masters event was already packed with great speakers like Jason Hartman, Garrett Sutton, Brian Smith, Danielle DiMartino-Booth, John Burns, and more. Today, Jason Hartman is proud to announce that former Congressman (and America's foremost advocate for liberyt) Ron Paul will be joining the fold to headline the event. Ron Paul was most recently a Republican candidate for President in 2008 and 2012, and served in the US House of Representatives for Texas for more than 25 years in all. He is a critic of policies like the USA Patriot Act and has criticized the federal governments fiscal policies a multitude of times. He's also outspoken against Federal Reserve, and the US tax code. Website: www.JasonHartman.com/Masters www.CampaignForLiberty.org

If you want an early peak into a respected year end review, then you need to listen to what Professor David Collum has to tell Jason Hartman. The two discuss the dangerous situation that's being created by entities like the Fed and our own government that will lead to disasterous implications. The problem is, nobody knows when the can will be allowed to stop. We've been able to stave it off for years now, but the bill will come due at some point. The two also look into the idea of "free speech" on college campuses and how to solve the intolerance shown by the left in that regard, as well as why Warren Buffett continues to lie about the equity market. Key Takeaways: Jason Hartman Monologue: [3:06] The 5 Year Contest entry website and why you should do it [7:22] The prizes available for the contest range from Meet the Masters admission to a Venture Alliance Mastermind weekend to an Amazon Echo David Collum Interview: [13:56] The merits of price gouging, and why price gouging laws are destructive [17:00] The issue of free speech on college campuses, and whether it actually exists today [21:31] If you want to solve the issue with students shouting down speakers, the administrators need to grow a backbone and punish the violators [24:49] The metrics that show if equities are overpriced are fraudulent [27:00] David is looking at a 50-70% reduction in the equities market [30:10] What would happen to the economy if the Fed actually raised rates to something like 4%, and why it's a completely different world than when Voelker gave the economy its "hard medicine" [34:00] Warren Buffett is a massive insider who likes to lie about the state of the market Website: The 5 Year Plan Contest www.Twitter.com/DavidBCollum David Collum's Cornell Faculty Page David's Previous Year End Reviews We shouldn't progress to the mean, we should regress to it, and that gets you to 60-70% regression. "Overvaluation is appreciation pulled forward, and undervaluation is deferred appreciation"

The Trump Tax Plan that is being considered by Congress has been getting a whole lot of bad press. But is it really that bad compared to what we have right now? Laurence Kotlikoff, William Fairfield Warren Professor at Boston University and President of Economic Security Planning, Inc, talks with Jason Hartman about what kind of impact the plan will actually have on the economy, why his model is different from many of the others, what we need to do to get the economy stimulated and rolling again, and what changes it would bring for real estate investors. Key Takeaways: Jason's Monologue: [2:15] The myth of coastal properties "It is amazing to me how just the right mindset will change ones life" [8:32] Finding his 4 big mentors at the age of 17 changed the course of Jason's life [13:44] The prizes for the 5 Year Plan Contest are revealed Laurence Kutlikoff Interview: [19:11] Reactions to the proposed tax cuts have been over the top because they're based on an analysis done with a faulty model [23:44] Laurence's model shows that the tax cut plan will actually stimulate growth because of the corporate tax reform [27:40] What the new plan would mean to real estate investors [30:49] Every change to the tax code takes a few years for people to adjust [33:48] This is one of the few times when you can lower the tax rate and actually get more revenue [37:30] Would lower personal income taxes increase consumption and stimulate the economy? Website: www.JasonHartman.com/Masters www.Kutlikoff.net www.EconomicSecurityPlanning.com "Generally who the government thinks they're helping isn't who they're helping, and who they think they're hurting isn't who they're hurting" "No country that has grown dramatically has done it by spending"

Today's Flash Back Friday comes from Episode 557, originally published in August 2015. Do you have the sense to wait out the market during lag times? Buy and hold is Jason's philosophy, and he is a self made multi millionaire. The average American will never buy at the markets lowest point nor sell at the highest point. For most it takes time for the media's influence to inspire action which means always being late to the game. Increasing your knowledge and learning pertinent facts and figures will help you to anticipate upcoming changes in the market. This September in San Diego is your opportunity to receive a complete real estate investment education so you too can create your own wealth. Key Takeaways: [2:10] The impact of technology on inflation [3:18] Rate of change in inflation rates [6:01] Deflation in 2015 – July being the most deflationary month ever in the U.S. [8:24] Maintaining yield with the income and expense ratios [9:53] Staying power through lag time [11:09] How deflation affects real estate markets [13:58] Cash flow allows you to weather the downmarket storm [16:15] Jason's Commandment #5 – Thou shalt not gamble [18:22] Naresh questions what happens to the real estate market if we see a rate hike in 2016 [19:00] The 3 dimensions of real estate are buy, rent or homeless [21:42] Multidimensional asset class and price discovery [23:08] An example of an exchange to a linear market [25:00] Jason Hartman University Live in San Diego and Venture Alliance trip to Rhode Island [30:00] Gold doesn't produce income and its not a good asset class Website: ShadowStats [email protected] "Why do most people miss out on selling high or buying low and what does the media have to do with it?" "What are the 3 dimensions of real estate? Why knowing can help jump start your wealth creation." "JHU live will have the most comprehensive real estate investment information from industry experts."