Heroic Investing Show

Gary Pinkerton talks with Mike Foster, real estate investor, co-founder and CEO of www.ActiveDutyPassiveIncome.com and recently separated Naval Officer, about transitioning out of the service, why he invests in real estate, and how you can use the military to help you transition into civilian life. Key Takeaways: [4:37] Mike's military path [7:31] How much of Mike's entrepreneurship involves real estate? [12:42] Make sure you're doing tasks outside of your business because you WANT to, not because you're just unwilling to pay someone [14:32] How Mike got involved in real estate [17:18] You've got to get over the "stigma" of investing where you don't live. It's how you build wealth [20:24] If you're about to transition out of service, make sure to check out the DoD Skills Bridge program Website: www.ActiveDutyPassiveIncome.com

Jason Hartman and Gary Pinkerton discuss Gary's experiences with tenant turnover, how he reduces costs by using durable replacement materials and some preventative measures he uses to ensure tenants are satisfied in his properties. Gary and Jason also discuss the benefits of two-year leases with built-in rent increases and how immersing yourself in the investor culture (by attending Venture Alliance and JHU's) can make you the best investor you can be. Key Takeaways: - How to reduce "tenant turn" without spending a lot of money with Gary Pinkerton. - Two-year leases with built in rent increases. - Management companies commonly keep late fees much like a payday loan business. - How to minimize the cost of tenant turnover and make your property durable. - A service like Home Advisor is an inexpensive way to self-manage. Mentioned in This Episode: Jason Hartman Home Advisor Real Estate Tools Property Tracker Venture Alliance Mastermind

Gary Pinkerton talks with Phil Cefaratti, Navy Lieutenant Commander, Retired and founder of Potomac River Advisors, about his experience starting his own business after leaving the service and why other servicemen can do the same. Key Takeaways: [6:29] Why Phil started his own brokerage [10:41] Lessons Phil learned while starting his own company after leaving the service [14:12] Be confident in what you know and what you're doing [18:31] If you're lacking for confidence when leaving the military, think about the jobs you did while you were in the service. 99% of the people on earth haven't done anything remotely close to those Website: www.PotomacRiverRealtors.com

Jason Hartman talks with loan manager, stock trader and financial columnist, Logan Mohtashami with a no-spin discussion on the fiscal cliff and other current events. Logan Mohtashami is a senior loan officer at his family owned mortgage company AMC Lending Group, which has been providing mortgage services for California residents since 1988. Logan is also a financial columnist for Benzinga.com and contributor for BusinessInsider.com and writes on financial matter relating to the housing market and basic economics. Website: www.LoganMohtashami.com

Gary Pinkerton talks with Eric Rittmeyer, The Mental Toughness Speaker, about how you can increase your mental toughness and stand guard over things that enter your head. Eric talks about both the problems we face and the solutions we can use in order to increase our mental toughness and live happier lives. Key Takeaways: [7:50] How Eric ended up teaching mental toughness and reverse mortgages (not exactly your standard combination) [11:23] The "Approval Addiction" is the ultimate success killer [15:31] Stand guard against what comes into your head [19:26] How to help people when they get shut down on a sale or project [23:53] It's crucial to understand our triggers [27:01] Take responsibility for your successes and failures Website: www.MentalToughnessSpeaker.com

Gary Pinkerton starts today's episode discussing the importance of viewing your mortgages as assets. They're the thing that's going to allow you to get the returns you need to absolutely destroy returns you could be getting investing in Wall Street or simple bank accounts. Jason Hartman is joined by Larry Muck, the Executive Director of the American Association of Private Lenders, to talk about the AAPL's history, mission and vision. Larry explains what private lenders are doing for people that the banks can't do, and how the AAPL is trying to organize the efforts of private lending. Website: www.JasonHartman.com/Masters www.GaryPinkerton.com

Gary Pinkerton talks to Yaron Brook, host of The Yaron Brooks Show and former Executive Director of the Ayn Rand Institutde and current Chairman of the Board. After Gary left the service, he struggled with disliking big government after being a part of it for so long. Eventually he discovered Ayn Rand and everything sort of fell into place. Yaron challenges Gary about his thoughts on the military and government and argues that the self is the most important thing you can be true to, not because we're selfish, but because doing what our self values will benefit society. Yaron also explains the 2 decisions you make when you decide to become a public servant. Website: www.YaronBrookShow.com

Gary Pinkerton talks to Markian Sich, founder and CEO of Active Duty, Passive Income, about his journey from living in the Ukraine to joining the US Naval Academy and eventually becoming a real estate investor. The two look at the beginnings of Markian's entrepreneurial ventures and how he discovered househacking while in the military as his way of getting in to real estate. Key Takeaways: [3:34] How Markian's childhood in Ukraine shaped his life when he came back to the US at 15 [6:38] Robert Kiyosaki and Tim Ferriss changed Markian's life [11:24] Markian is making a transition inside the military right now [15:16] The genesis of Markian's military househacking writing [21:46] Investing in turnkey properties [24:22] Military spouses can become real estate professionals and drastically help out tax-wise Website: www.ActiveDutyPassiveIncome.com Text "Househacking" to 345345 to get a free copy of Markian's book

Gary Pinkerton talks with Pamela Pete, Chief Master Sergeant (retired) Air Force Veteran and author of Masterful Purpose Daily and Goal Action Planner and Planner Guide, about her passions. Pamela takes a deep dive into goals, passions, and how people are misconstruing the two. Pamela also explains how she transitioned from the service to civilian life: how long it took her to adjust and what she did along the way to help, as well as how she prepared herself to take the ultimate step and start her own business. Key Takeaways: [4:17] How Pam discovered what her gift was at only 10 years old [10:57] The process Pam had for people who were about to separate from the military to ensure a successful transition [15:38] It took Pam about a year to finally put her uniforms away after leaving the service [18:59] Everyone has fears. We have limiting beliefs that we impose on ourselves that we need to recognize and overcome [21:47] Don't confuse your passion with goals [28:03] Concentrate on what you're going to do TODAY to move you toward your goal [29:59] Reevaluate, review and refocus Every. Single. Day. Website: www.MasterfulPurpose.com www.JasonHartman.com/Masters

As the latest Venture Alliance Mastermind is wrapping up Jason asks the attendees to share their favorite moments and key takeaways from the event. And in the interview, Brian Chavis, author of The Landlord Academy and Creator of the website of the same name, describes his property management methods and tools. His advice is for income property investors to treat their portfolios as a business and to set expectations from the onset of a landlord-tenant transaction. Key Takeaways: [03:38] John Christensen and Mike Zlotnik share key takeaways from the Venture Alliance Mastermind [09:03] Gary appreciated the biohacking information shared by other Venture Alliance members Brian Chavis Guest Interview: [18:50] The fundamentals of attracting tenants. [21:20] Basics of a solid lease [24:33] The two main systems landlords need to have in place [28:12] How to handle move outs & inspections [31:23] Brian shares his favorite apps and the software he uses to run his business. Websites: www.JasonHartman.com/Masters www.LandlordAcademy.com www.BeYourBank.com www.VentureAllianceMastermind.com

Gary Pinkerton talks with Jack McGuinness, former airborne ranger with the US Army's 10th Mountain Division and co-founder of Relationship Impact, about how being a first responder or serviceman gives you the skills you need to run a business. Jack explains what he did when he got out of the service and how he worked his way into the business he's running now. Plus he throws in some very sound business advice for those who are used to the structure of military. Key Takeaways: [2:04] Jack's first business experience after he left the service [5:36] How Jack's company has changed recently [9:38] Most companies haven't figured out they need rigorous procedures [14:26] The skills being a first responder instills in you are extremely valuable to companies [17:42] It's important to have a defined company culture so that people can understand what to do when situations arise [20:44] Don't assume that structure will be there, don't be frustrated when it's not, and don't assume that putting in the same structure as the military will work Website: www.Relationship-Impact.com

Jason Hartman talks with Salvatore Buscemi, Managing Director of Dandrew Partners New York. Dandrew Parnters specializes in non-performing residential mortgages. Salvatore talks about why the real estate market collapsed, dealing with inexperienced investors, and real estate crowd funding. It can be hard to find legit real estate deals, always ask the hard questions first. Many crowd funded deals are dealing with a less experienced investor who might not be able to bring a lot to the table. Website: www.MakingTheYield.com

Gary Pinkerton talks with Nev K, author of From Financially Stressed to Money Blessed: Become Financially Independent and Retire Early at Any Age, about his path to real estate investing. Nev describes the mindset you need to have as an investor, how the changing society is changing the way we need to invest and his one huge piece of advice for everyone as we head in to 2019. Key Takeaways: [4:14] How Nev ended up as a real estate investor [7:28] Fear is keeping us from doing the things that will move us forward in life. It's okay to feel, but don't let them shut you down [9:45] Kev thought he was investing in real estate when he bought REITs, but eventually learned that wasn't exactly true [16:39] There's an ability to have a different exit strategy with single family homes, but it's hard to scale [20:35] The segment of society that has no interest in owning things seems to be growing [23:19] Nev is trying to teach people how to use debt strategically [25:48] Nev's 2019 advice for listeners Website: www.1DealAway.com From Financially Stressed to Money Blessed: Become Financially Independent and Retire Early at Any Age

Gary Pinkerton starts off today's show with a little news from his first short-term rental property. Fortunately it's good news. Then, Jason Hartman talks with Brandon Hall, CPA, about short-term rentals and taxes. 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: [7:02] Airbnb investors also have a 15.3% tax on active income [8:13] Monetizing the value of your time. Automated business systems allow me manage my real estate in only 30 min per month [11:01] It's more time and labor intensive than a buy and hold property [13:50] A complicated scenario in setting up short term rentals [16:49] Short term rentals may earn more but the time is not factored in [17:45] Schedule E or Schedule C? [19:47] The IRS may be bringing on the audits [21:33] A 5 year depreciation schedule [23:05] The diminimous safe harbor [25:23] 500 material participation is solely for rental properties [28:06] An example of a three unit qualifier for material participation [29:53] Long distance self management is possible and maybe easier [31:35] Segmented depreciation, cost segregation using a sears catalog [34:41] Feasibility studies are expensive [36:43] Everybody needs a home office Mentions: www.TheRealEstateCPA.com

Gary Pinkerton was recently on the Veteran on the Move podcast with Joe Crane to discuss the wealth strategy plans Gary has in his life, as well as how he's used the infinite banking plan to fund his purchases. He also discusses the transition to the regular world from military service and why he's an entrepreneur. Website: Veteran on the Move

Julia Spencer used to invest in long-term rental homes, but decided to switch over to short-term rentals a few years ago. She shares with Jason what she has learned over the years while self-managing the properties she owns, and gives some tips on how to avoid pitfalls that she experienced. The fears of an all consuming time commitment, never being able to go on a vacation, and having your home destroyed by guests are explored, and we find out the true income potential of short-term rentals. Key Takeaways: [9:43] Julia has about 30 listings for her 7 homes [13:56] Julia's portfolio prior to starting short-term rentals [16:40] The importance of the review system in the short-term rental market [19:45] Julia started her short-term rental career by moving out of her own house and renting it out, and got rid of some of her long-term rental homes [23:37] Short-term rentals and problems with neighbors [28:10] Red flags (and green flags) for properties you're considering for short-term rentals [32:38] What team members do you need in order to self-manage? [38:11] Whether Julia has ever looked into using (or used) a property manager [41:28] How Julia streamlines her operations [45:08] A real life example of what kind of profits Julia makes on her properties Website: www.JuliaMSpencer.com

Gary Pinkerton talks with America's Money Answers Man, Jordan Goodman, about resources that are available to veterans that many don't know about, as well as figuring out how often you should check your credit score and different places that can help you ensure you haven't overpaid on your mortgage, PMI, or escrow account. Key Takeaways: [10:45] Resources many veterans and active duty members have but aren't taught about [15:03] Real life numbers of using the Heroes Come First program [19:16] You need to watch your credit score because there are tons of errors in that industry [23:24] How often should you be monitoring your credit score? Website: www.HeroesComeFirst.com www.MoneyAnswers.com www.VerifyMyMortgage.com

Gary Pinkerton starts today's show with some book recommendations that have had a significant impact on his life recently. He also details a little bit about his adventures in short-term rentals and what Jason's guest Flavia Berys has taught him on the subject. Then, Jason Hartman talks with Flavia Berys, host of the Lifestyle Solopreneur podcast and teacher at Landlord Prep, to discuss the current legal landscape of short term rentals. The fight between residents and landlords of short term rentals isn't going to end anytime soon, but Flavia has her finger on the pulse when it comes to what's happening right now. She discusses where to find good, long term tenants, and gives some tips on how to properly manage your properties to get the best reviews from your tenants, and keep your things safe. Key Takeaways: [2:00] Gary's book recommendation: The Inside Out Revolution [3:57] Gary's book recommendation: The Obstacle is the Way [5:59] Gary's book recommendation: Willpower Doesn't Work Flavia Berys Interview: [16:31] What is the status of STRs in California [18:49] The issue of laws for STRs and property rights of the owner [25:19] 2-3 month long rentals for traveling professionals is a great market, but where do you find them? [28:04] You need to decide what amenities to offer from the onset [31:21] How Flavia uses her security system, and how you have to deal with cameras and your tenants [34:09] How remote Flavia manages her properties, and a reminder that being a STR host is MUCH more personal than being a landlord Websites: www.LandlordPrep.com www.FurnishedFinder.com www.SimpliSafe.com

Jason Hartman interviews Dr. Judith Wright, author of The Soft Addiction Solution: Break Free of the Seemingly Harmless Habits That Keep You from the Life You Want, and co-author with her husband, Dr. Bob Wright, of Transformed!: The Science of Spectacular Living. Consider the various activities you partake in throughout the day or week...shopping, video games, Facebook, eating, watching TV, perhaps mindlessly biting our fingernails, browsing magazines or surfing the web. Judith explains the fine line between soft addictions that include coping skills and yearnings, and things we're actually passionate about in our lives that help us live our best life. Soft addictions don't necessarily kill us, but they can kill our chance for a deeper, more connected and satisfying life. Judith provides signs of some of these soft addictions that rob us of time, energy, money, love and more, and encourages people to learn the "Four Loving Truths." Website: www.WrightFoundation.org

Gary Pinkerton talks with Jason Redman, former Navy Seal and author of The Trident: The Forging and Reforging of a Navy Seal Leader, about his experiences overcoming obstacles in his life. The two explore what it takes to conquer your ambushes, Jason's "Pentagon of Performance", the impact a lack of purpose is having on some disabled veterans, and why you need to get off the X. Key Takeaways: [6:36] What the Pentagon of Performance is [9:28] Money is the #1 thing that creates stress in individuals [15:05] Jason sees a lack of purpose from many medically retired veterans, with them choosing to get by on the money they're bringing in retirement, leading to higher levels of depression [18:10] Being ambushed wasn't the worst thing that's happened to Jason [20:13] What a life ambush can be [24:49] The only way to survive a real world ambush is to get off the X, and it's no different with life ambushes [26:49] You need to step outside of the "me" so you can gain perspective Website: www.JasonRedman.com www.CombatWoundedCoalition.org

Gary Pinkerton starts today's show discussing the importance of the different types of asset protection that are available to you as an investor. It's critical that you protect yourself from threats, which starts with privacy. Then, Jason Hartman talks with Randy Hughes, a land trust specialist, about why and when land trusts should be used and how to use them effectively. Randy defines land trusts and explains some of the key elements of asset protection. In the eyes of the IRS, a land trust is a pass-through entity, which is not taxed. Randy discusses the mechanics and some of his favorite reasons for using land trusts for single-family home investments, including anonymity, estate planning, ease of transferability and linking trusts together with other entities. Randy explains that land trusts are regulated state by state, with no federal regulation. He stresses the importance of understanding the different types of trusts, noting the beneficial interest for a land trust is in personal property and obtaining privacy. He also touches on the important psychology behind naming a trust. Randy has written a Privacy and Asset Protection book, 6 booklets, a bi-monthly Land Trust newsletter and 6 "HOW TO" real estate courses to help new and seasoned investors to be successful at investing in Single Family Houses for profit. Website: www.LandTrustsMadeSimple.com

Gary Pinkerton talks with Greg Amundson, former DEA Special Agent, SWAT Operator, Army Captain, Kokoro Yoga Instructor and Krav Maga Black Belt, about his books The Warrior and the Monk and Firebreather Fitness. Gary and Greg look into finding your unique genius, why fitness, spirituality and mindfulness can all be in harmony, and more. Key Takeaways: [10:12] You need to find something you're passionate about, and then find a way to bring that passion into what you're already in [12:03] The Warrior and the Monk [17:21] Fitness, spirituality, and mindfulness practices don't have to be disconnected [22:11] Doing good deeds puts out a form of current that will eventually work its way back to you [26:09] How to find your unique genius if you can't see it for yourself [30:54] You have to immediately respond when on duty, but don't take that home with you. Be still and realize you don't have to do everything yourself Website: www.GregoryAmundson.com

Gary Pinkerton talks with Tim Kelly, active duty Chief Petty Officer in the US Navy and founder of Kelly Housing Group, about how he's been able to do real estate investing while being on active duty, finding the right group to help you scale up as a person and how to succeed in real estate investing. Key Takeaways: [6:50] How Tim got started [14:12] Some information about Active Duty Passive Income [18:09] Always think about your why [19:56] Constantly think about how you can add value, every day [25:17] When Gary realized he didn't think the same as most home owners and needed to surround himself with different people [27:20] Pick a niche in real estate and go deep on it Website: www.TheTimothyKelly.com www.KellyHousingGroup.com

Gary Pinkerton talks with Mark Dolfini, author of The Time-Wealthy Investor and founder of www.LandlordCoach.com, about why Mark is in real estate, what forms of real estate he likes, why you need systems in your life, and more. Key Takeaways: [7:25] Why Mark likes single family over multifamily properties [10:54] Mark got himself into trouble because he wasn't properly valuing his time [16:02] You need to have white space in your life so that you can take the time to teach [19:23] One of the things that sets veterans apart is their work ethic [24:19] If there are systems in place and the person/employee cares, it's easy to train them Website: www.LandlordCoach.com/Hero

Gary Pinkerton talks to Stuart Grazier, founder of the Military Investor Network, about how his network is attempting to help veterans invest in real estate. The two discuss what is available through the network, juggling a job and investing, taking the first step and the need to take advantage of the VA loan. Key Takeaways: [4:48] How Stuart ended up focusing on real estate investing and members of the military [8:35] Stuart's site allows investors to meet up, invest together, and find lending opportunities [12:37] How does Stuart juggle his business with his his active duty job? [14:57] It's all about taking action and making the first step [19:41] The VA loan is a huge advantage Website: www.MilitaryInvestorNetwork.com

Jason Hartman talks with Nate Secor about his transition from the long-term rental market into the short-term rental universe. Nate opens up and shares profit margins, business planning, home picking, furniture finding and more as these two discuss every aspect of starting up your short-term empire. Key Takeaways: [1:36] Nate's evolution from long term rentals to short-term [6:04] One of the mistakes Nate's made along his short-term rental journey, and why you should target cities that charge a tourism tax [10:32] Nate's an Airbnb only guy, but what would his second platform be if he were using one? [11:50] What to look for in a property for a short-term rental [13:44] How Nate is pricing his properties [17:43] Does Nate actually visit the properties he has? And how do he and his partner split responsibilities? [22:40] Where to find furniture and housewares

Gary Pinkerton talks with Whiz Buckley, former decorated Navy Fighter Pilot, graduate of Top Gun, and founder of Top Gun Options LLC, about Whiz's service, how he used his military training to start his own company, and how veterans are in a much better situation than you might realize. Key Takeaways: [4:28] Whiz's first day at American Airlines was supposed to be September 11, 2001 [10:24] Lessons learned in the military really transferred over to business consulting [15:55] Military veterans have a big leg up on other employees because they're teachable and have ingrained leadership qualities [20:12] Whiz's son is attempting to become a Marine Website: www.TopGunOptions.com www.GaryPinkerton.com www.JasonHartman.com/Events

"For far too long, too many people have regarded home ownership as 'a good thing.' It is certainly true that home ownership has its benefits. But, like everything else, it also has its costs and its risks." This statement by Heroic Investing guest, American economist Thomas Sowell, has been regretfully muttered by many homeowners in various forms over the past two years. Sowell is currently a senior fellow with The Hoover Institution at Stanford University. In 1990, he won the Francis Boyer Award, presented by the American Enterprise Institute. In 2002 he was awarded the National Humanities Medal for prolific scholarship melding history, economics, and political science. Known for his economically laissez-faire perspective style while writing, Sowell's latest book, The Housing Boom and Bust, shows how Democrats and Republicans ruined both the housing and financial markets. Tune in as Jason Hartman and Thomas Sowell discuss how "the current economic crisis grew out of policies based on good intentions and mushy thinking." Website: www.TSowell.com

Gary Pinkerton takes the intro to this show to discuss some of the world's greatest innovators, and the traits that each of them shared that made them the movers that they were. He also shares the fact that seeking and obtaining expert advice and help is easier now than it's ever been before. Which leads us in to Jason Hartman's interview with Peter Shallard, owner of The Shrink for Entrepreneurs. Peter strives to help for-profit businesses that are attempting to make a positive change in the world. Peter teachers highly effective psychological models to entrepreneurs to help them reach their goals of success faster. Website: www.PeterShallard.com

On today's show, Jason talks a little bit about mastermind groups and touches on an article that was released by USA Today on the subject of investments. Jason brings up some very interesting points on the minimum wage discussion as well as talks about conflict of interests in financial advisers. As always, Jason shares some timeless wisdom about the US dollar, commandments to live by, and more. Website: USA Today Article Newser Article Business Insider Article

Gary Pinkerton talks with Casey Stubbs, United States Army Veteran, online marketing expert, and host of Finance & Markets Cashflow Hacking Podcast. Casey and Gary discuss the two sides of every business, his past in the armed forces, lessons learned from creating his startups, and how to go about leveling up your business. Also, Gary welcomes you to come watch the Cash Flow Wealth Summit that begins tomorrow! Key Takeaways: [9:26] There's 2 sides to every business [12:27] The beauty of having a job where you can work virtually is the ability for working vacations, and society has gotten to the point where video conferencing is enough to create trust [15:02] The biggest thing Casey's learned since he started his business [18:24] The "18 Summers" concept to keep you in the now [23:11] You want to have the option to get out, so if you're choosing to stick with your job it's on your terms [27:26] As Casey tries to level up his business, he needs to change. So how is he doing that? Websites: www.CaseyStubbs.com www.CashFlowWealthSummit.com

Gary Pinkerton starts off today's show discussing the natural existence of an organization: once created it will do whatever it can to survive. He points out government entities primarily, noting that times of war can make the Army balloon, numbers that can become difficult to cut back after the war is over. Then Jason Hartman is joined by Steve Forbes, the editor in chief of Forbes Media, to propose and attempt to answer the question: Why does government get bigger and bigger when we know it doesn't work well? Mr. Forbes states that history proves free markets work for the people, while big and over-reaching government is about meeting its own needs. In his book, Freedom Manifesto: Why Free Markets Are Moral and Big Government Isn't, coauthored with Elizabeth Ames, the authors delve into historic events and statistics, showing that in every instance, big government promotes favoritism, stifles economic growth, dumbs down education, and creates an atmosphere of "rigidity and scarcity." At the same time, it opens the door to corruption. Website: The Freedom Manifesto

Gary Pinkerton talks with Marine Corps and the United States Army Medical Corps veteran Dr Scott Magill, executive director of Veterans in Defense of Liberty, about his organizations intent on returning the American culture to the beliefs and principles of those 56 men, our Founding Fathers, who pledged their "Lives, fortunes, and sacred honor" that liberty and justice might prevail throughout the ages. Key Takeaways: [9:17] Do veterans have freedom of speech in perpetuity? [15:50] We forget that this is the first time in history that a republic has succeeded [18:56] If you worry just about the money you're not ever going to succeed Website: www.VIDOLAmerica.org

Gary Pinkerton starts the show off discussing your potential returns on real estate purchases thanks to the power of leverage and inflation. He also invites you to join the Cash Flow Wealth Summit coming up in a few weeks. Then Jason Hartman shows how prudent real estate investors BENEFIT from inflation in two big ways! Here is how to use leverage prudently to maximize returns and reduce risks. Website: www.JasonHartman.com/Properties www.CashFlowWealthSummit.com

Gary Pinkerton takes today's episode to talk to veteran Joe Crane, host of the podcast Veteran on the Move. Joe and Gary discuss what Joe has learned about veterans after they get out of the service from his 200+ episodes of podcasting. They discuss veterans propensity to start their own business, and the value of setting up a support system. Key Takeaways: [7:19] What is Veteran on the Move about? [12:44] Some of the recurrent themes that have been learned from the podcast [17:01] Military veterans are twice as likely to go out and start their own businesses [18:44] What kinds of businesses are veterans starting? [21:47] When you leave the military you lose your support network, so make sure you set one up for yourself Website: www.VeteranOnTheMove.com

This episode is chock full of trends, predictions and current affairs. Jason (The Predictive Genius) Hartman is a purveyor of rational recklessness. He shares an article from The Atlantic which asserts that Americans are moving out of the city and into suburbia. Once again proving his theory of the resurgence of the suburbs to be correct. Jason also reminds us to take time to remember the good things in life by way of the 'Winning is Giving' poem by one of his early mentors, Denis Waitley. Key Takeaways: [7:56] Humans make emotionally-charged decisions and then rationalize them with logic. [11:40] Why the best real estate deals never close. [14:09] Price, Terms and Time (PTT) are the 3 corners of the real estate deal triangle. [16:06] 'Winning is Giving' by Denis Waitley [18:53] Are the 3 value drivers of real estate still location, location and location? [24:04] An article from The Atlantic "Why are so many Americans saying goodbye to cities?" [32:57] Thou shalt only invest where there is universal need. [36:56] A portfolio review and rebalance is necessary every 6-months or so. Website: Jason Hartman Venture Alliance Mastermind Atlantic Article - Why So Many Americans Saying Goodbye to Cities by Derek Thompson

Gary Pinkerton talks with Brian Burke, President & CEO of Praxis Capital as well as a former firefighter, police officer, and ambulance EMT, about his journey from first responder to creating and running a $150+ million company. The two discuss how Brian found/made the time, when he realized it was time to switch careers, his thoughts on real estate, and finding favorable areas to invest in. Key Takeaways: [5:33] How was Brian able to find the time and energy to create his company while being a firefighter/police officer/ambulance EMT? [9:19] Brian eventually reached the point where his real job was getting in the way of his investing job (where he could make more money), so he had to make the switch. The weird hours of being a first responder definitely helped him in his real estate journey. [13:51] If you have a job and are thinking that you don't want to do real estate investing full time, you don't have to. Brian started with a goal of 1 rental home a year [18:20] How investors have sold properties in California in order to buy a whole lot more in other, more favorable, investing areas [21:26] Brian's thesis on real estate Website: www.PraxCap.com

Gary Pinkerton starts off today's episode discussing ways you can protect yourself when vetting a prospective tenant, some of them involve NOT doing things. He also discusses the rising trend of social accountability and why he believes it's a good thing. Then, Jason Hartman talks with John Simpson. John invested in the trailblazing Rent Reporters before it's official launch because he believed in the business model. He now runs the company as CEO and is the corporate cheerleader to this fairly new, progressive company. Mr. Simpson shares the benefits of his service to both renters and landlords, how to participate in the process and testimonials about the benefit to those this service has affected positively. Key Takeaways: Gary Intro: [2:27] Why it's a bad idea to call the previous landlord about your prospective tenant [4:04] Social accountability is taking more hold in our society Jason Interview: [8:54] Before Rent Reporters there was no mechanism for tenants to get credit for their on-time rent payments. [10:35] The benefit to renters is clear, but what is the benefit for landlords? [12:05] This service makes the renter more accountable. [13:36] The top 3 factors that determine a credit score. [16:54] Many renters have no credit score or they are invisible. [19:16] A landlord will be able to see renter's payments for the past two years. [24:27] Landlords have monetary incentives to get new clients for Rent Reporters. [30:22] The statistics that back the Rent Reporters business model. Website: Rent Reporters

Today's 10th Episode features Gary Pinkerton talking to Dr. Julie Kinn, military psychologist and executive producer of Military Health Podcasts, about her thoughts on healthy ways to manage your life. Gary and Julie focus quite a bit on sleep management and how to optimize your sleep in a way that lets you be the entrepreneur you want to be, as well as how sleep management can help you on those long shifts (or off shifts) that leave you worn down. Key Takeaways: [10:41] What kind of sleep time are we looking for [13:25] Some of Julie's other podcasts [17:27] Some time management or stress management tips for those trying to become entrepreneurs [23:06] Julie's tips on a resource for getting first responders and military members through long shifts that impact your rhythm Website: www.Health.mil

Gary Pinkerton starts off today's show discussing Pat Donohoe's new book, Heads I Win, Tails You Lose. Some of the points brought up in the book are critical to not just your investing, but your life. Gary stresses that your net worth is not a terrible measure, but income is the most important part of the equation. Then Jason Hartman talks with Pat Donohoe, President & CEO of Paradigm Life, about their 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: [5:32] Your best asset, that has the highest potential, is yourself [9:19] If you have guaranteed income, your net worth doesn't matter Pat Donohoe Interview: [13:05] The caliber of people at the Meet the Masters of Income Property event was a high point. [15:52] Foxconn will bring manufacturing back to the U.S. due to Trump's business savvy. [22:28] Patrick doesn't believe charity to foreign nations is in the best interest of the U.S. [26:23] It will be fascinating to see how Trump deals with the past, present and future. [30:49] Trump will inject adrenaline into the U.S. economy. [33:50] Paradigm Life is an insurance-based financial services company. [38:18] A stock market rally is a short-lived business cycle. [40:51] Patrick describes how he makes the right investment and performs due diligence when acquiring properties. Website: Venture Alliance Mastermind Paradigm Life

Gary Pinkerton talks with David Pere, active duty Marine, real estate investor and creator of From Military to Millionaire, about David's real estate journey, and how he's used the VA loan to his advantage (and how you can too). The two also discuss strategies new real estate investors can utilize to grow their portfolio faster, extra benefits that come from being a serviceman, and why networking is so crucial. Key Takeaways: [6:40] David didn't understand the VA loan well enough to use it for his first property [10:57] Gary thinks young real estate investors should seriously consider buying duplexesa nd living in one side [15:44] Gary's issue with the BRRRR strategy [17:31] The biggest misconception about the VA loan [22:05] What David offers to consumers and how the other factors of being active duty actually make his pay higher than what his W2 says [25:53] David started a real estate meetup a few months ago because networking is so important Website: www.FromMilitaryToMillionaire.com

Gary Pinkerton starts today's show discussing how important a personal connection is as a landlord. Some of the tenants who've been around the longest for Gary have been those that he (or his property manager) have established a rapport with. Those without a rapport tend to leave as soon as something goes wrong. Then Jason Hartman and Ken McElroy finish up their conversation started in episode 135. 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: Gary Intro: [3:09] Making a human connection with the tenant can do wonders for keeping them long term [5:33] You have to pay attention to the area trends, outward migration is check mate Ken McElroy Interview: [10:12] It's important to treat all your residents as your customers [11:38] Is the idea of home ownership a myth? [13:52] Population growth and migration are two things critical to investment success [17:11] The state of the states Website: www.MCCompanies.com

Gary Pinkerton focuses on the entrepreneur's mindset, as he talks with the founder of Liquor Labs, Owen Meyer. Owen is a graduate from West Point and realized as his time in the service was ending that he wanted to strike out on his own. Along the way Owen discovered he could make money teaching people how to make mixed drinks as a group activity. Hear this entrepreneurial tale and how the world today allows you to test your ideas with very little money. Key Takeaways: [3:03] An entrepreneur's mindset is simple: see a need, solve the need [6:02] Creating an experience brings people together a lot better than dry content Owen Meyer Interview: [10:50] How Owen ended up at West Point [17:20] What Owen's learned about building a business [20:39] How Owen is expanding his company right now [25:55] There are ways to test ideas without much money these days Website: www.LiquorLaboratory.com

Gary Pinkerton starts off the show discussing the idea that when you invest in real estate you can't lock in to one strategy and think that you've got everything set for life. You have to be flexible based on the business cycle and economic conditions. Then we have part 1 of Jason's interview with Rich Dad Advisor Ken McElroy. 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: [4:01] Investing in real estate means you can't just lock into one formula, you have to be flexible based on the markets Jason Hartman Segment: [12:25] CNBC video about current levels of economic optimism [17:34] What The Wheel of Life is about [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.KenMcElroy.com

Gary Pinkerton has the honor today to speak with World War 1 Marine Veteran Larry Klairmont about his time in the service and how he managed to run several successful business afterward. Larry has some business advice for those leaving the service as they start their journey, as well as how he manages to keep employees around in his company as long as he has (some have been around 30+ years). Larry also discusses his passion project, which is a car museum in Chicago with over 300 cars, some of them one-of-a-kind. Key Takeaways: [3:23] Gary has a suspicion that retirement might actually work against you Larry Klairmont Interview: [11:24] Larry's business advice to those leaving the service [14:11] Larry has family working in his company, but they understand that if he overrules them then they are overruled [15:49] Recently Larry opened up a car museum with some very rare cars [20:23] Larry has a special place in his museum for Marine veterans Website: www.ImperialRealtyCo.com www.KlairmontKollections.com

Jason and guest Gary Pinkerton breakdown the article, 27 Charts That Will Change How You Think About the American Economy. Each chart represents changes in the US economy related to productivity, demographics or inflation. Highlights of the discussion include the possibility for people to work well past the current social security mandated retirement age, the lopsided amount of service jobs as compared to labor jobs and the real opportunity which exist for real estate investors based on the percentage of Americans with a sizable nest egg. Key Takeaways: [4:10] There's a lot of money looking for a place to work, which usually leads to bad investments [6:25] Phenomenal opportunities await real estate and income property investors. [10:26] A Gobankingrates survey illustrates the crisis at hand showing 62% of the US population has less than $1000.00 as savings. [19:15] Gary was looking for a way to shift active income into passive income which led him to the Creating Wealth podcast. [21:32] The 27 Charts that will change how you think about the American economy article, by Timothy Lee. [25:42] As the Service Industry grows, it is a clear indicator of progress and a higher standard of living. [29:34] People have been dropping out of the labor force since the year 2000. [32:05] The real estate charts show growth in urban areas. [36:40] Analyzing chart #19, Inflation-adjusted housing prices. [41:53] Housing prices have grown a lot faster than construction costs. [46:17] The ways Americans retire are changing. Mentioned in This Episode: Jason Hartman Hartman Education Venture Alliance 27 Charts That Will Change How You Think About The American Economy. Paradigm Life - About Gary Pinkerton

Today's episode features Gary Pinkerton talking with Anton Ivanov, creator of DealCheck, about his journey as an active duty serviceman with income property, and how it's led to the portfolio he and his wife have today. Anton created his app DealCheck for real estate investors to analyze properties, and has a good sized portfolio, but still holds down a W-2 job in order to get further along in his journey. Key Takeaways: [3:01] No W-2 job is a perfect fit, we all have things we dread doing [6:02] Discount code for DealCheck: HERO25OFF Anton Ivanov Interview: [11:36] Anton's journey into an "accidental landlord" [17:22] Anton never expected real estate to become his full time endeavor [18:59] Some people quit their job as soon as they reach their financial freedom number but then can't expand their portfolio because they're using all their cash flow for living expenses [24:43] What is DealCheck? [31:14] There are some things about military members that puts them in position to be successful real estate investors Website: www.DealCheck.io Use promo code "HERO25OFF" to get 25% off Anton Ivanov on Bigger Pockets

Gary Pinkerton starts off the show today discussing the search for our unique genius, how his coach has helped him, and what he has found his is. Jason welcomes return guest, Daniel Amerman back to the program. Daniel and Jason have been discussing the US economy for over 10 years and Jason continues to use one of Daniel's charts in his seminars. Daniel is a Charter Financial Analyst with the ability to dissect economic statistics and other financial information then create practical, relatable charts we can all understand. During today's conversation, Daniel speaks about the unfunded liabilities of the Social Security Administration, hidden inflation and why the mortgage is one of the few wealth creating vehicles left. Key Takeaways: [1:55] Part of Gary's process as he pursues his "unique genius" has involved hiring a coach, which has helped him tremendously [5:23] Gary is inspired to help as many people as possible buy back their time with passive income so they can go pursue and master their trade Daniel Amerman Guest Interview: [8:55] The first real estate President has a vested interest in the economy beyond what is good for the people [13:06] Congressional Budget Office says 'trust us' [15:30] The Social Security Administration's unfunded liabilities [21:57] Dan's Personal Challenges Created by the National Debt matrix [29:58] Built in inflation often goes unnoticed. Website: www.BlueprintProcess.com www.DanielAmerman.com

Dr. Vitale believes when you learn to get clean with money and stop self sabotaging your financial future you will start to attract more money to you. You must first get through the filters that are your beliefs and see what is really possible to know you are deserving of living a wealthy life. When you want something and have the means to obtain it you should buy it to reinforce an unconscious belief of worthiness. And, always give back a portion of your good fortune to create a bond of trust in the universe. Key Takeaways: [1:43] Lock in your government backed 30 year loans while you have a W2 [4:19] The capability of the human brain is astounding [5:36] The Baader-Meinhof Syndrome https://rationalwiki.org/wiki/Frequency_illusion [8:33] The power of meditation and journaling is teaching your subconscious what's important to you [9:59] Be the person, do the things, then you will have Joe Vitale Interview: [12:16] Dr. Vitale has been working on this lately [15:22] The 2 reasons you don't let money into your life [16:25] Get clean with money, money isn't evil money is neutral [18:18] The Secret is an introduction to an idea [19:18] Taking inspired action after visualising your want [21:17] Our conscious beliefs are us in the waking world [23:54] The 7 steps in the free Attract Money Now book [25:54] The difference between a fact and a belief [29:35] The psychology around prosperous purchasing [32:02] No one is preventing you from making more money [33:33] Give 10% of what you have to what or who inspires you [37:38] Think like an entrepreneur and look for opportunities [38:14] Listen for complaints and make the product or service solution [40:44] Mr. Fire ignites something in people Website: www.MrFire.com Attractor Factor Life's Missing Instruction Manual Attract Money Now

The US is facing a looming financial crisis. In this episode, Jason outlines six business plans the government can use to ease its inflationary pressures. Four of the plans could result in negative outcomes, while the final two plans could achieve debt repayment by way of inflation. Understanding inflation and all of its aspects are not for the light-hearted. Jason explains inflation, how the government reports on inflation and offers up some educational resources for those who want to know more. Key Takeaways: [3:10] We need to balance putting more money outside of our retirement plans to use as direct investing [5:29] Educate yourself about what the government is telling you they will give you breaks for and adjust your planning accordingly Jason Talk: [11:50] Jason identifies 6 ways to deal with inflationary pressures [18:52] Using inflation as a tool to avoid paying debts [25:14] Understanding the difference between real and nominal and price and value [31:24] Redistributing wealth through inflation [37:46] The three ways the government manipulates inflation statistics Website: www.JasonHartman.com www.GaryPinkerton.com