Accredited Income Property Investment Specialist (AIPIS)

Jason Hartman talks with client Diana Dine about her experience investing in real estate. Diana just recently bought her first home and is now up to 5 properties between Jackson and Memphis. She recently went to both cities to meet with the Local Market Specialists and discusses her future plans as she moves toward her financial independence.

Key Takeaways:

[2:15] Why did Diana get interested in real estate?

[6:16] Diana decided to buy her first property at the 2018 Meet the Masters

[7:35] Diana's experience meeting the Local Market Specialists

[12:05] How many properties Diana thinks she needs to reach financial independence

Website:

www.JasonHartman.com/Properties

Direct download: AIPIS_249_Diana_Dine.mp3
Category:general -- posted at: 5:47pm EDT

Jason Hartman talks with Matthew Gardner, Chief Economist at Windermere Real Estate. The two discuss what's going on in the macro US economy, what's going on with home inventory levels, some of the easiest ways to lower home prices, and the Millennial's (mostly futile) quest to save up for a down payment. They also discuss the lack of home inventory and why the loosening of credit regulations isn't going to impact home sales as much as some are hoping. Then they also delve into millennials trying to afford homes and WHERE they can actually afford to live.

Key Takeaways:

[1:18] What's Matthew's take on what's going on in the macroeconomy

[4:06] What's going on with new home development? Will there be any break in inventory shortgage?

[8:19] The easiest way to lower home costs and ease the inventory crisis is by easing regulatory burdens

[11:54] Millenials are having a hard time saving up for a down payment and are asking for a loan from the bank of Mom & Dad

[14:39] Milennials want to live in the "exurbs" in townhomes, but home prices are pushing them out further

[17:05] It's taking a credit score of 740 to get a mortgage loan these days, but even if more people become eligible there's no inventory

[20:16] Factors that could trigger the next business cycle recession and what the next recession might look like

[24:34] Who are the "Boomerang Buyers" and how might they impact the single family rental rate growth?

Website:

www.Windermere.com/Economics

Direct download: AIPIS_248_Matthew_Gardner.mp3
Category:general -- posted at: 4:11pm EDT

Jason Hartman talks with 24 year old real estate investor Ben Mizes, co-founder of Clever Real Estate, about how he got started in the business, what lessons he's learned over his time in the industry, and what technologies he's using to keep up with all his properties. Ben also gives a few best practice tips to those who want to get involved in real estate like he is.

Key Takeaways:

[1:23] How Ben became interested in real estate

[5:23] Ben's deal experience as he started growing his portfolio, and why his 2nd deal may have been his most important

[9:34] Ben's thoughts on what's happening in the real estate industry as a whole

[13:10] Best practices when managing your own properties is to make sure you make your expectations very clear with your tenants

[17:45] If you don't do a good job with repairs it makes managing the building that much harder

[20:05] The two main technologies Ben is using for his real estate, and one hack Ben uses to allow his tenants to pay cash

Website:

www.ListWithClever.com

Direct download: AIPIS_247_Ben_Mizes.mp3
Category:general -- posted at: 6:00am EDT

Jason Hartman talks with Dr Andy Krause, Principal Data Scientist at Greenfield Advisors and AVM Analytics, about the state of automated valuation models (AVMs), the potential future for AVMs, how they work, and what practicalities are slowing their development down. The two also discuss the wide range of uses AVMs have, how they're going to be changing moving forward, and how short-term rentals are impacting housing markets across the country.

Key Takeaways:

[1:16] The biggest AVM people know about is Zillow

[2:18] The science (and accuracy) behind current AVMs

[5:11] 2 things that are stopping a database from happening that would significantly improve appraisals

[9:42] How does the AVM come up with a value?

[15:17] What the AVMs do outside of simply valuing individual homes

[17:38] The future of AVMs

[20:57] The effects of the short-term rental market on the overall housing market

Website:

www.GreenfieldAdvisors.com

www.AVMAnalytics.com

Direct download: AIPIS_246_Andy_Krause.mp3
Category:general -- posted at: 8:34pm EDT

Jason Hartman talks with Natalia Karayaneva, founder of Propy, about how the blockchain can be used in real estate transactions. The main purpose of doing so is that it can drastically reduce closing costs, and potentially eliminate the need for title insurance in the future (if states allow it). Jason and Natalia look at the uses for Propy and how it can be used both in and outside of the United States.

Key Takeaways:

[1:31] How can the blockchain be used in the real estate world?

[8:27] Do countries outside the US needs this more than the US does?

[13:05] Propy is mostly going to be cutting down on closing costs

[14:13] How do you use Propy in real life?

[18:55] What's the future for Propy?

Website:

www.Propy.com

Direct download: AIPIS_245_Natalia_Karayaneva.mp3
Category:general -- posted at: 3:15pm EDT

Jason Hartman talks with Jeff Cronrod, founder of the American Apartment Owner Association & founder of Rent Recovery Service, about his new program called Lease Guarantee, and how landlords need to take a more aggressive approach toward tenants who don't pay. They focus today on property management best practices and tenant screening.

Key Takeaways:

[22:02] What is Lease Guarantee?

[24:18] How much does the Lease Guarantee cost and what exactly does it cover?

[28:32] The steps you have to go through when a tenant misses their rent payment

[31:40] What judgement do you need to get for Lease Guarantee to pay out?

[20:02] Jeff's property management best practices, and proper tenant screening

[24:18] What sort of reports are available for landlords?

[20:02] Jeff's property management best practices, and proper tenant screening

[24:18] What sort of reports are available for landlords?

Website:

www.AAOA.com

www.TenantAlert.com

Direct download: AIPIS_244_Jeff_Cronrod.mp3
Category:general -- posted at: 4:53pm EDT

The worlds of cryptocurrencies and crowdfunding can work in harmony, but the world of the long term cryptocurrency lover and day traders may not be so harmonious.

Jason Hartman talks with David Drake, founder of LDJ Capital, about what's going on in the cryptocurrency world, regulations on the ICO market, and how currencies like Bitcoin might be incorporated into international currency baskets.

Key Takeaways:

[3:33] What kind of regulations do ICOs have?

[8:13] Cryptocurrencies are now seeing two worlds collide: the old guard of people who are buying and holding versus the hedge funds coming in to trade and make money quickly

[12:12] G7 might put Bitcoin into their currency baskets because they're anti-inflationary

[15:07] Can cryptocurrencies overcome any potential opposition from governments and central banks?

Website:

www.LDJCapital.com

Direct download: AIPIS_243_David_Drake.mp3
Category:general -- posted at: 4:44pm EDT

Jason Hartman presents a client case study with Muthiah where the two discuss an incident Muthiah recently had with a vendor, and what actions you can take when you're being wronged. They explore the actual process of Muthiah filing a claim against a bad provider and how he was about to get restitution after some avenues had failed. Jason also explains how to get a hold of his Hall of Shame resource list, and why you should file complaints even if they're not likely to help you alone.

Key Takeaways:

[2:37] What happened to Muthiah that created tension with the seller

[5:13] If the seller wants to close before the repairs are completed, the only way you accept is if they have money held in escrow in case they don't do what they promised

[8:28] The two ends of the company spectrum

[11:28] What Jason wants you to negotiate with your property management contract

[15:41] The inherent conflict of interest with property managers

[23:04] Muthiah has never tried to self manage his current 20 properties

[26:04] Want Jason Hartman's Hall of Shame resource list? Fill out any form on JasonHartman.com

[28:22] Muthiah's process of filing complaints against the provider

[32:53] You're not just filing these complaints for yourself, it's your duty to protect other people

Website:

www.JasonHartman.com/Properties

Direct download: AIPIS_242_Muthiah.mp3
Category:general -- posted at: 5:37pm EDT

There is a lot of talk in the news lately about a possible downturn in the US economy, yet Jason’s guest, Ali Wolf of Meyers Research is staying bullish. She says the important indicators to watch aren’t showing the normal warning signs of a market drop. Ali also discusses the trends of Millennials with regards to renting vs. buying a home, their purchasing cycles and what they are willing, and not willing, to pay for.

Key Takeaways:

[01:03] Are we at the end of a business cycle?

[04:30] Ali uses the Quits ratio to judge the state of the economy.

[06:39] Three critical indicators to use as early warning signs to a possible market drop.

[09:29] Wiil Millennials be staying put and buying homes or are they the rental generation?

[16:33] Why modern, prefab homes may offer Millennials more amenities than space.

[27:34] Inventory of existing, resale housing is lower in every single market Zondo tracks.

Website:

www.MeyersLLC.com

www.Zonda.co

Direct download: AIPIS_241_Ali_Wolf.mp3
Category:general -- posted at: 12:32pm EDT

In this 10th episode, Jason Hartman talks with Dr. Robert Whaples, Professor and Chair in the Department of Economics, Wake Forest University and co-editor and managing editor of The Independent Review. The two discuss the current Pope's world view and the nature of the Catholic church today.

Key Takeaways:

[2:58] What is Pope Francis' world view?

[7:23] How the economy is connected to the environment in the Pope's world view

[13:02] Do we need environmental regulations and taxes?

[14:49] Have we just exported our pollution?

[20:05] Where does the Catholic church come in on the uneven playing fields of markets and oligarchies

Website:

www.Independent.org

Direct download: AIPIS_240_Robert_Whaples.mp3
Category:general -- posted at: 9:01pm EDT

Jason Hartman 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:

[1:18] Is Barry still bullish the US real estate market?

[5:23] The power of leverage, when a 6% return can dwarf 20%

[9:12] The interest you pay for your house goes to the lender, but the principle is STILL YOUR MONEY

[11:37] How much Barry expects mortgage rates to rise in 2018, and how it impact appreciation

[12:42] Why aren't people taking the mortgage tax deduction?

[14:23] The bullish sentiment is the highest it's been in about 20 years

[18:33] How Roe v Wade led to a housing bubble

Website:

www.MBSHighway.com

Direct download: AIPIS_239_Barry_Habib.mp3
Category:general -- posted at: 5:01pm EDT

Jason Hartman talks with Cullen Roche, founder of Pragmatic Capitalism, about macroeconomic events going on today, how Cullen studies the markets, why bonds are more attractive than many believe, and the investment strategy you have to adopt when investing in cryptocurrencies today. The two also take a look at the banking industry, money supply, and asset inflation.

Key Takeaways:

[2:12] What does Pragmatic Capitalism really mean?

[10:45] The macro-economy still looks healthy

[13:59] Cullen looks at the economy like an engineer in order to try and understand what's going on

[17:37] Bonds are probably more attractive than most people believe

[20:29] Cryptocurrencies have become a "greater fool theory" investment

[24:51] Asset inflation is real and it's becoming harder and harder to get into the investor class

[29:09] The banking industry is what creates most of the money in our economy

[31:27] One of Cullen's outlandish theories

Website:

www.PragCap.com

Direct download: AIPIS_238_Cullen_Roche.mp3
Category:general -- posted at: 12:00pm EDT

Jason Hartman 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:

[2:08] You have to go into a startup with the knowledge that you can lose all of your money

[3:09] How would you use Slicing Pie in a real estate deal?

[7:17] Why there's a difference between cash & non-cash contributions when you're slicing

[10:12] The reason there are multipliers in slices is so that there are consequences if someone leaves the pie

[13:35] Why time based vesting isn't the way to go

[16:04] What is Mike's definition of a startup?

[21:20] What are all the ways you can get a slice of pie in a company?

[25:29] How do you get started slicing pie?

Website:

www.SlicingPie.com

Direct download: AIPIS_237_Mike_Moyer.mp3
Category:general -- posted at: 9:24pm EDT

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:

[1:47] Who is Adam Jackson?

[7:26] Where Adam bought his first property, and why

[9:36] Why Adam chose to buy a home with cash

[17:26] When you suffer through an expensive repair, remember that your loss is shared by the government on your tax return

[20:03] How to keep score via financial statements

[24:57] The P vs PC Balance

[28:03] Adam's attempt at the abundance mentality and trying to pass along whatever wisdom/money/time he can

[31:44] Focusing on a few things in-depth is better than a little bit of everything

Website:

www.JasonHartman.com/Properties

Direct download: AIPIS_236_Adam_Jackson.mp3
Category:general -- posted at: 6:07pm EDT

In part 2 of Jason Hartman's interview with his client Sean, the two discuss how to deal with people who are taking advantage of you. Sean & Jason talk about how apps are allowing people to cut out fraud from providers, and how it's our job to protect other people from bad apples by filing complaints and letting as many people know as possible.

Key Takeaways:

[2:31] Some apps out there are cutting down on overzealous hourly billing

[7:45] Filing complaints against other parties

[11:59] You can always learn lessons from other people's (or your own) bad situations

Website:

www.JasonHartman/Properties

Direct download: AIPIS_235_Client_Sean.mp3
Category:general -- posted at: 9:58pm EDT

In Part 1 of this client case study with Sean, Jason Hartman discusses the beginning of Sean's real estate investing career and the mistakes he made. Sean ended up with 6 figures worth of debt when the great recession hit, and he admits it's because he made some terrible decisions. Jason and Sean look into why they were bad decisions and how Sean and his wife have been able to dig out of that hole and continue to invest in real estate.

The two then begin their discussion on property managers and what to do when repairs are needed. Part 2 will be next week.

Key Takeaways:

[3:10] Real estate investing allows Sean to supplement his acting income and not have to stay in one place

[8:03] Sean & his wife got caught up in the Florida FOMO and kept him from doing more real estate until 2013

[13:26] What part of Jason's investing philosophy really opened Sean's eyes

[16:51] Sean's personal philosophy on the markets he's investing in

[21:00] Only accept invoices from vendors, not from managers

[24:51] Make sure you find a trusted handyman

Website:

www.JasonHartman.com/Properties

Direct download: AIPIS_234_Sean.mp3
Category:general -- posted at: 12:00pm EDT

Jason talks with Jorge Newbery, author of Debt Cleanse: How to Settle Your Unaffordable Debts for Pennies on the Dollar, about fake news, erasing debt, the creation (and destruction) of bubbles, and what to do if you're in trouble with a loan.

Key Takeaways:

[1:52] How Jorge got into the real estate business, and was taken down by a single ice storm

[6:12] The City of Columbus, OH wouldn't let Jorge's renovations pass inspections

[10:22] A fake news story about Jorge being investigated turned the public against him and his renovations

[14:39] Why Jason is okay with the strategic default practice, even as a lender himself

[16:05] 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

[20:05] 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

[22:11] The wealth concentration in our nation is becoming untenable

[23:46] The #1 piece of advice for if you're in trouble with your loan

Website:

www.AHPFund.com

www.DebtCleanse.com

Direct download: AIPIS_233_Jorge_Newberry.mp3
Category:general -- posted at: 4:54pm EDT

Homee on Demand is a new app that's aiming to make property management from afar easier than it's ever been before. Your tenant can alert you to a problem, send you a picture of the issue, you can get a quote, and verify the issue is taken care of.

Listen in as Sara McFarland gives a rundown of the service, how they ensure you don't get ripped off, and how you can best use it in your portfolio.

Website:

www.HomeeOnDemand.com

Direct download: AIPIS_232_Sara_McFarland.mp3
Category:general -- posted at: 3:07pm EDT

Jason Hartman talks with CEO of the NHP Foundation, Richard Burns, about the affordable housing crisis in the United States. The current method of creating affordable housing isn't working for anyone, but Richard thinks there's a way that it can be solved that benefits all parties.

Key Takeaways:

[1:36] What solutions are available for affordable housing?

[4:29] The two components of real estates value

[6:12] We are nowhere near meeting the affordable housing demand, so what do we do?

[10:09] Where did the high paying, real careers go that made people end up in careers that were meant to be stop-gap jobs?

[12:16] What does Richard's non-profit do?

[15:51] Richard's thoughts on rent control

[17:42] What the Baby Boomer survey showed

Website:

www.NHPFoundation.org

Direct download: AIPIS_231_Richard_Burns.mp3
Category:general -- posted at: 3:13pm EDT

Jason Hartman talks with Peter Shankman, author of Faster Than Normal: Turbocharge Your Focus, Productivity, and Success with the Secrets of the ADHD Brain, about how people with ADHD can use it to their advantage, what actions people need to take in order to be successful in their ventures, how to figure out what your audience wants, and when to ignore your audience.

Key Takeaways:

[3:08] How is ADHD a benefit?

[5:35] It's important to set up your life in a way that doesn't allow you to get derailed, and the 4 undeniable ADHD life rules

[8:39] You can lead the life you want, you just have to be willing to make the trade offs

[12:47] Your audience will tell you what they want and where they are, if you're willing to listen

[14:42] The only time you want to ignore what your audience is saying they want is when you're a part of a big market disruptor

Website:

www.ShankMinds.com

www.FasterThanNormal.com

Direct download: AIPIS_230_Peter_Shankman.mp3
Category:general -- posted at: 9:18pm EDT

Jason wraps up his interview with Macro Watch's Richard Duncan. The two tackle the topic of rising interest rates, better uses for going into further debt than giving it to tax reform, how the Fed will react to a tanking stock market, and what we can expect to see over the next few years.

Key Takeaways:

[00:45] What people don't realize about interest rates

"People buy houses on a payment, not a price"

[1:56] What the Fed will do if the market drops 10% and what else will happen if it drops 20%

[5:15] What Richard wishes the government had done with the $1 trillion in new deficits that will occur from the new tax reform

[9:50] Why Richard thinks the government can invest as wisely as private companies

[14:16] What are the next few years going to look like?

[16:49] People need to get very familiar with quantitative tightening

Websites:

www.RichardDuncanEconomics.com
(promo code: GLOBAL for 50% off)

Direct download: AIPIS_229_Richard_Duncan_2.mp3
Category:general -- posted at: 12:00pm EDT

Jason Hartman welcomes Richard Duncan back to the show to discuss what's going on with fiscal policy and interest rates right now. In the first half of the interview Richard talks about how the trade imbalance with China has enriched the nation and brought millions out of poverty, as well as how the general public has no idea how much the Fed is actually tightening, and how that will impact interest rates.

Key Takeaways:

[3:04] Jason's theory on asset inflation and what it means if the millennials don't join the investor class like the baby boomers did

[5:41] Why the future from an Asian perspective is much brighter than from a US perspective

[7:50] Who's gotten the better end of the China/US trade imbalance?

[13:27] Richard believes the Fed is tightening more than people are understanding

[17:36] The Fed has been destroying at least $10 billion a month since October 2017 and it's going to get bigger

[20:11] The Fed will have destroyed $1 trillion by the end of 2019 if they follow through on their announced plan

[22:20] Is the Fed likely to make a course correction if rates go too high?

Websites:

www.RichardDuncanEconomics.com
(promo code: GLOBAL for 50% off)

Direct download: AIPIS_228_Richard_Duncan_1.mp3
Category:general -- posted at: 5:37pm EDT

Jason Hartman talks with Jason van den Brand, CEO & Co-Founder at Lenda, an online mortgage platform. The two of them discuss the current status of the mortgage market, what kind of easing or tightening we might see in the near future, how Lenda is able to cut fees in the lending process, how to get a rate quote, and more.

Key Takeaways:

[1:24] What is Lenda?

[4:07] What Lenda is expecting to happen in the mortgage market this coming year

[8:38] The loans that are available through Lenda

[13:23] What you need to do to get a rate quote

[16:40] Is mortgage regulation going to loosen in the near future?

[19:06] Does Lenda have the same fees as conventional lenders or do they differ?

Website:

www.Lenda.com

Direct download: AIPIS_227_Jason_van_den_Brand.mp3
Category:general -- posted at: 12:00pm EDT

Jason Hartman talks with Flavia Berys, host of the Lifestyle Solopreneur podcast and teacher at Landlord Prep, about 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.

Flavia 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:

[3:56] What is the status of STRs in California

[6:14] The issue of laws for STRs and property rights of the owner

[12:44] 2-3 month long rentals for traveling professionals is a great market, but where do you find them?

[15:29] You need to decide what amenities to offer from the onset

[18:46] How Flavia uses her security system, and how you have to deal with cameras and your tenants

[21:34] 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

Direct download: AIPIS_225_Flavia_Berys.mp3
Category:general -- posted at: 2:46pm EDT

Jason Hartman takes this episode to delve into some important happenings in the real estate world today. Some of Trump's recent moves have been bringing jobs back to the states, and companies are expected to bring money back, and it's creating good times for a lot of people.

With that good time comes something every real estate investor can enjoy, rent inflation. BUT, when times are good it's important to be vigilant with your providers and make sure they're not getting lazy.

Key Takeaways:

[3:58] Jobs are coming back to America

[7:27] Rent inflation is coming

[12:46] As a real estate investor, it's critical that you remember who your customer really is (hint: it's the tenant)

[16:05] In a booming economy, the big job as a real estate broker is the job of sorting people out

[20:12] Sometimes the booms can make providers a little sloppy, so it's important to stay on top of property managers and the like

Website:

www.JasonHartman.com/Properties

Direct download: AIPIS_224_Mason.mp3
Category:general -- posted at: 10:34pm EDT

If you want a story of someone who started with nothing and ended up with everything, Tom Cafarella is your man. Jason Hartman talks with Tom about his experience starting out in real estate with no money, how he worked his way up, how he sources his properties, how you can evict tenants in tenant friendly areas, and more.

Key Takeaways:

[2:09] Tom's journey to leave corporate America (which started immediately upon entering)

[7:02] Tom's first fix and flip deal

[9:59] Flippers may have spending money, but buy and hold investors accumulate real wealth

[14:18] How is Tom sourcing his properties?

[17:56] Suggestions for evicting in tenant friendly municipalities

[19:30] Should you have a real estate license when you start wholesaling?

Website:

www.RealEstateInvestingIsEasy.com

Direct download: AIPIS_223_Tom_Cafarella.mp3
Category:general -- posted at: 9:40pm EDT

Jason Hartman talks with Daniel Amerman, CFA, about the need for legitimate economic data and whether we can get any of that from the government. The two also take a deep look at our nation's rising debt and what that means for the US currency moving forward.

Key Takeaways:

[2:42] Daniel recently reverse engineered the Congressional Budget Office's long term economic outlooko

[6:32] Is the CBO a credible source of information?

[8:41] Technically there's no such thing as an unfunded liability

[13:47] What does a heavily indebted nation mean for the investor?

[15:57] "It's crucially clear that, when you have a $20 trillion national debt, that interest rates can't rise too much"

[19:48] Why Jason hates hedonic indexes

[23:39] There's a lot of inflation that we either don't see or we don't acknowledge

[28:12] A 2% higher rate of inflation is magic for maintaining financial solvency

[31:23] When everyone learned that stocks were the magic wealth building machine they bid the prices of stocks so high the dividends crashed, which ruined the wealth creation

[34:02] Daniel is a huge fan, not of income property, but of the mortgage

Website:

www.DanielAmerman.com

Direct download: AIPIS_222_Daniel_Amerman.mp3
Category:general -- posted at: 6:24pm EDT

Jason Hartman went on The Financal Survival Network with Kerry Lutz on October 16, 2017, to discuss what's going on in real estate around the country, if we're approaching the top of the market, what's happened to the banks that were "too big to fail", Blockchain technology, and more.

Host Kerry Lutz and Jason also take a dive into the mortgage crisis of 2008, and whether it could make a comeback in today's environment.

Key Takeaways:

[2:46] Where are the assets?

[7:22] Why it's important to remember that you can't hear the dogs that don't bark

[9:27] Too big to fail has gotten even bigger

[12:54] Jason saw the first part of the mortgage crisis coming, but didn't see the second part that involved Wall Street coming at all

[17:57] Blockchain technology is phenomenal, but it's not Bitcoin, which you HAVE to remember

Website:

www.FinancialSurvivalNetwork.com

www.JasonHartman.com

Direct download: AIPIS_221_Kerry_Lutz.mp3
Category:general -- posted at: 5:59pm EDT

In this 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:

[2:49] Peter's latest "adventure" that landed him in jail

[7:15] Identity plays a huge part in how you deal with life

[13:06] Peter's idea of a "contrast frame"

[15:23] Why do people give up at the first sign of adversity? The difference between ego strength & ego drive

[17:34] Most people are driven by G.O.O.P.

[21:57] We need to learn how to love more

Websites:

www.PeterSage.com

Man's Search for Meaning by Viktor Frankl

Direct download: AIPIS_220_Peter_Sage.mp3
Category:general -- posted at: 4:38pm EDT

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 millennials are finally ready to buy their first houses, and the incredible impact the self-driving car will have.

Key Takeaways:

[2:13] Are the millennials finally entering the home buying market?

[5:04] There's been a long economic recovery, but housing hasn't led the way so Jeff sees more runway

[9:43] When did the real recovery from the Great Recession begin, and how does it affect where we are in the housing cycle?

[12:24] 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)

[13:56] 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)

[17:09] The cottage industry that could spring up out of the emergence of the self driving car

Website:

www.MeyersResearch.com

Direct download: AIPIS_219_Jeff_Meyers.mp3
Category:general -- posted at: 5:04pm EDT

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:

[1:53] Amazon's search for a second headquarter location, and where John thinks it will be

[4:35] How John classifies markets

[7:04] 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

[8:33] The world is shifting more toward suburban apartments, being driven by local money

[11:09] The definition of "surban"

[16:16] The nickname for those born in the 1980s is "the sharers"

[19:17] The impact of autonomous cars

Websites:

www.RealEstateConsulting.com

Direct download: AIPIS_218_John_Burns.mp3
Category:general -- posted at: 9:09pm EDT

In the final part of Jason's interview with Andrew Zatlin, the two take a look at whether the future of our economy is inflationary or deflationary. The two also look at the impact of technology on inflation, how it impacts the rental markets, and where the volatility in our economy will be in 2018.

Disclosure: this interview was recorded prior to the GOP Tax Reform being written and passed

Key Takeaways:

[1:32] The proof in the inflation pudding is shipping costs

[6:47] The economy is strong in the background

[8:31] Warehousing had a huge impact on the start of the internet

[11:10] When you reach the point where payroll and population growth are the same you don't get wage inflation

[15:35] When housing affordability is low and prices soften, the rental market strengthens

[19:30] Where 2018 volatility will come from

Website:

www.MoneyballEconomics.com

www.TheMoneyballTrader.com

Direct download: AIPIS_217_Andrew_Zatlin_2.mp3
Category:general -- posted at: 4:57pm EDT

In the first part of Jason Hartman's interview with Moneyball economist Andrew Zatlin, the two of them take a deep look at what's going on in the housing market through the lens that Andrew uses. He looks at hiring patterns of home builders, and has seen a distinct problem in their search for labor. So many industries are hunting for labor that it's creating a bottleneck.

The two also look at short-term rentals, hotel vacancies, the Fed's monetary policy, and what's creating the demand for housing.

Key Takeaways:

[1:35] Andrew likes to check in with companies about what they're doing in regards to hiring

[4:05] Home builders can't hire enough people right now. The bottleneck is labor because there's a LOT of competition for it

[7:02] One question we need to ask is: what's creating all this demand for housing?

[11:06] The environment today makes it more attractive to buy rather than rent

[16:57] Do short-term rental providers need to worry about oversupply?

[19:15] Hotel vacancy rates tipped into the negatives this past year because of short-term rentals exploding in popularity

[21:55] Demand will create supply, but sometimes supply can create demand

[25:47] The Fed is on a trajectory of tightening

Website:

www.JasonHartman.com/Masters

www.MoneyballEconomics.com

Direct download: AIPIS_216_Andrew_Zatlin_1.mp3
Category:general -- posted at: 10:32am EDT

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.JasonHartman.com/Masters

www.KenMcElroy.com

Direct download: AIPIS_Ken_McElroy_Announcement.mp3
Category:general -- posted at: 6:00am EDT

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 libery) 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

Direct download: AIPIS_Ron_Paul_Announcement.mp3
Category:general -- posted at: 11:05pm EDT

Jason Hartman talks with Ryan Schellhous, founder at IndigoSpire CPAs & Advisors, 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:

[3:36] The 30,000 foot overview of the GOP Tax Reform

[5:31] Will this tax reform create a repatriation of wealth back to the US?

[9:22] The move that mobilized the GOP forces toward tax reform

[11:19] The 2nd most important thing in the tax plan was the widening of tax brackets and lowering of rates for individuals

[13:29] The standard deducation has been increased, which should increase the number of simple 1040s being filed

[16:30] The single largest revenue raiser in the entire bill

[18:42] The change in mortgage interest deductions could cause a dampening in the high end real estate market

[21:12] The Alternative Minimum Tax isn't gone, but it's gone through an overhaul

[23:03] Pass-through businesses are getting a 20% deduction

[30:02] The accelerated bonus depreciation is enormous for real estate investors

[33:34] Changes to the 1031 Exchange rule

[37:37] The carried interest rules have changed as well, impacting the hedge fund managers trading techniques

[39:26] 529 plans (education plans for children) can now be used to pay for private schools

[40:00] Some tax changes that were EXPECTED but didn't end up happening

Website:

www.JasonHartman.com/Masters

www.JasonHartman.com/Contest

www.IndigoSpire.com

Direct download: AIPIS_215_Ryan_Schellhous.mp3
Category:general -- posted at: 8:07pm EDT

Jason Hartman interviews 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.

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:

[4:44] The two common mistakes Ken sees in real estate investors

[6:47] Real estate is cyclical, so you can't just buy all the time throughout your career

[9:09] Ken's real estate business model

[10:48] Some tips on how to do property management right

[13:29] C class properties look good on paper, but in the long run, better quality properties bring better quality tenants

[20:16] It's important to treat all your residents as your customers

[21:42] Is the idea of home ownership a myth?

[23:55] Population growth and migration are two things critical to investment success

[27:14] The state of the states

Website:

www.JasonHartman.com/Masters

www.MCCompanies.com

Direct download: AIPIS_214_Ken_McElroy.mp3
Category:general -- posted at: 10:45am EDT

We've all heard about crowdfunding sites like GoFundMe, KickStarter, and IndieGoGo. Now, however, there's crowdfunding for real estate deals, and AlphaFlow is one of the leaders in the industry.

Jason Hartman talks with Ray Sturm, co-founder and CEO of AlphaFlow, about how it all works, what kinds of deals AlphaFlow is interested in, and why some deals just don't work.

Key Takeaways:

[2:44] What AlphaFlow is and how it works

[4:43] The regulations AlphaFlow has to follow

[7:28] In real estate crowdfunding you have to commit early

[11:32] Why AlphaFlow sticks with residential real estate

[14:43] The interest rates that borrowers are paying and how the loan breakdown works

[17:18] AlphaFlow stays away from refinancing deals

Websites:

www.AlphaFlow.com

Direct download: AIPIS_213_Ray_Sturm.mp3
Category:general -- posted at: 12:00pm EDT

Vinney Chopra came into the United States with $7 in his pockets, and a work ethic to take him far in life. From selling encyclopedias door to door for 80 hours a week to now buying $25+ million apartment complexes, Vinney hasn't let anything stand in his way.

Listen in as Vinney tells Jason Hartman the story of his immigration, and how his investment career has unfolded.

Key Takeaways:

[1:40] Vinney's immigration story

[4:31] Vinney first started earning his money by selling encyclopedias door to door

[8:18] The first home Vinney bought, and when he got into the rental property business

[11:53] Transitioning from single family homes to multifamily

[15:03] There are things you can do with multifamily investments that don't make sense for single family

[19:22] Portability has become the new norm for residents of apartments and single family homes

Website:

www.MultiFamilySyndicationAcademy.com

www.VinneyChopra.com

Direct download: AIPIS_212_Vinney_Chopra.mp3
Category:general -- posted at: 1:14pm EDT

Jason welcomes client, Clay Slocum to the show. Clay is a millennial who currently has four properties in his real estate portfolio. Before buying his first property, Clay worked diligently with Oscar, his Investment Counselor, and a Local Market Specialist to play around with the numbers and he discovered his initial investment could grow exponentially. Clay shares his insights on the power of compounding interest, asset protection, and the Memphis market.

Key Takeaways:

[2:33] Compound interest can be a powerful tool against inflation.

[8:15] Engineers take an analytical approach to investing.

[10:25] After 18 years, $100,000 grow to 14 million.

[17:46] Jason explains a Deferred Sales Trust.

[21:42] If you are on the fence about investing talk with an investment counselor.

[32:36] Asset Protection is a complicated subject you should speak with a lawyer about.

[42:01] Resources for tax help.

Website:

www.JasonHartman.com/Properties

Meet the Masters of Income Property 2018

www.RealEstateTools.com

Compound Interest Calculator

"Opportunity cost is a cost most people don’t evaluate."

"When it comes to asset protection most people think about the internal threat, not the external threat which can be costlier."

Direct download: AIPIS_211_Clay_Slocum.mp3
Category:general -- posted at: 9:00am EDT

For this 10th Episode, Jason Hartman talks with author Dan Millman about his new book The Hidden School and his best-seller The Peaceful Warrior.

The two discuss Dan's spiritual search, the difference in Eastern and Western cultures, the difference between selfish and Selfish, and other philosophical questions.

Key Takeaways:

[2:42] How Dan's new book fits in with his original book The Peaceful Warrior

[6:46] The importance of travel

[11:35] The power of media

[15:50] It's important to think of the more existential questions in life

[21:18] How understanding and understanding that we're all connected helps us

Website:

www.PeacefulWarrior.com

Direct download: AIPIS_210_Dan_Millman.mp3
Category:general -- posted at: 12:59am EDT

Tyler Sheff, host of the Cash Flow Guys podcast, invited Jason Hartman on his show to discuss the different market types in the USA, and got some tips on remote managing as well. Jason explains that the stigma behind buying homes sight unseen, as well as self managing properties a thousand miles away, has abated some due to the wonders of technology.

Key Takeaways:

[2:12] What Jason learned when he owned properties in 11 states

[7:08] Whether Tampa is a linear, hybrid, or cyclical market

[11:34] Our brains relation to the number 3 and how it relates to Jason's diversification strategy

[16:13] Jason's experience of beginning to self manage his remote properties

[18:46] When tenants are connected directly rather than through a property manager they tend to take care of more things themselves

[23:48] The need for standardized data when evaluating properties

Website:

Meet the Masters 2018

www.RealEstateTools.com

www.CashFlowGuys.com

Direct download: AIPIS_209_Tyler_Sheff.mp3
Category:general -- posted at: 12:47pm EDT

Jason Hartman welcomes Economist Mike Norman to the show to discuss Modern Monetary Theory or MMT. Mike shares examples of common misconceptions people have of the US monetary system and economy, such as the US debt clock, that inflation equals growth, and how the tax system works. He believes that the US has an unlimited supply of capital and balancing the budget or functioning as a fixed monetary system would accomplish the opposite of what is needed to create growth.

Key Takeaways:

[1:10] Modern Monetary Theory (MMT) explains the value of money.

[4:09] A tax system is required to create demand for money.

[9:01] A fixed monetary system creates cycles of economic depressions and recessions.

[11:23] The US national debt is a summation of what is owned by the US and its constituents.

[18:55] A dollar must be created and pumped into the economy before it can be used to pay a tax debt.

[21:16] The US has an unlimited amount of new capital.

[26:43] There is a difference between inflation and growth.

Website:

Mike Norman on YouTube

Direct download: AIPIS_208_Mike_Norman.mp3
Category:general -- posted at: 8:00am EDT

Investment Counselor and Local Market Specialist Liaison, Carrie joins Jason Hartman to see if he can correctly predict the effect the rise in interest rates will have on the US economy. Jason reminds us the Feds don’t directly impact mortgage rates but by directly impacting short-term rates all rates will be affected. For those of you who have income properties, the higher interest rates will put upward pressure on rents. And if you are looking for additional properties, be sure to get pre-approved for financing before the Oklahoma Property Tour and JHU Live event.

Key Takeaways:

[03:56] What does the spike in interest rates mean for investors?

[10:10] Higher interest rates will put upward pressure on rents and lessen the concentration of wealth.

[14:20] Local Market Specialists and Investment Counselors are always working in the client’s best interest.

[23:44] It’s important to get pre-approved for financing in today’s seller’s market.

[25:13] Jason hints about the location for the next Venture Alliance Mastermind.

Website:

www.JasonHartman.com/Properties

Grant's Interest Rate Observer

www.VentureAllianceMastermind.com

"The Fed has weapons it can use to fix the economy and interest rates are one of those weapons."

Direct download: AIPIS_207_Interest_Rates.mp3
Category:general -- posted at: 8:00am EDT

Clients in the sports and entertainment world have the same issues as those in the regular world, but they also have a few extra needs and difficulties. Because of this, you have to go about acquiring their business a little different than normal. Kofi Nartey, National Director of the Compass Sports & Entertainment Division and author of Sellebrity: How to Build a Successful Sports & Entertainment Based Business, talks with Jason Hartman about ways you can break into the industry.

Kofi has some marketing tips that can keep you from spending a ton of money to meet celebrities, as well as some good advice on how to act when you get your meeting.

Key Takeaways:

[2:36] What's different about sports and celebrity clientele needs?

[6:45] How do you convey your ideas to celebrities before you start working with them to convince them you understand their needs?

[10:42] Some ways to test the marketing waters of working with the elite without bankrupting yourself

[12:46] How to stand out when you get a chance to meet with potential celebrity clients

Website:

www.Kofi.LA

Sellebrity: How to Build a Successful Sports & Entertainment Based Business

"You cannot be awestruck. Part of servicing sports & entertainment clientele is that you have to be a safe haven for them"

Direct download: AIPIS_206_Kofi_Nartey.mp3
Category:general -- posted at: 11:10am EDT

Jason Hartman welcomes Gary back to the show to review current news articles which impact income property investors. Does an excess of tower cranes in an area tell a tale of a future bubble? Can you afford the rent in a large US city and still have a savings account? How does the sharing economy can make life better for consumers? And later in the show, Jason and Gary answer listener questions and Gary describes how to use a life insurance policy to make a down payment on your next income property.

Key Takeaways:

[01:01] Jason and Gary review an article about how a tower crane can indicate a real estate bubble.

[08:23] The Income Needed to Pay Rent in the Largest U.S. Cities by Derek Miller.

[10:35] Bloomberg’s article, What a London Cabbie Taught Me About Uber.

[12:30] The New Human Rights Movement by Peter Joseph doesn’t look at the whole picture.

[17:07] Jason and Gary answer Derek’s question about appreciation submitted during the Airpods raffle.

[26:25] Gary explains how to borrow money from your own insurance policy to buy income properties or make necessary repairs.

Website:

www.JasonHartman.com/Properties

www.PropertyTracker.com

www.BeYourBank.com

Venture Alliance Mastermind

Direct download: AIPIS_205_Gary_Pinkerton.mp3
Category:general -- posted at: 9:57pm EDT

This week’s episode was recorded in Helsinki, Finland. Jason studies the economies of all the countries he visits and believes traveling to be an important educational experience. He shares an article which supports his long-held opinion that the rental market in the US is growing by way of demographics and rising home prices.

Key Takeaways:

[03:29] Jason encourages us to become an engaged student of life.

[07:13] The power of having a robust vocabulary.

[13:16] How to sign up for the Property Tracker Affiliate Program.

[15:59] Win an Amazon Echo for submitting your questions and comments.

[18:27] Jason reviews an article about the cost of rising home prices and what it means to rents.

[22:29] Jason has taken on the plight of the middle class.

Website:

www.JasonHartman.com/Resources

2018 Meet the Masters Event

www.VentureAllianceMastermind.com

Direct download: AIPIS_204_Rental_Peak.mp3
Category:general -- posted at: 12:00pm EDT

The month of October brings the 2017 tax season to a close. Jason brings Fernando and Zack on the show to showcase the organizational tools and portfolio management options available through the newly upgraded Property Tracker 2.0.

The Property Tracker software makes creating Schedule E’s, depreciation schedules and other tax forms easy as well as a robust calendar which keeps track of all of your income properties important dates.

Key Takeaways:

[1:14] Fundamentals for organizing and tracking investment properties.

[8:30] Property Tracker produces tax schedules including Schedule E and an up-to-date Schedule of Depreciation.

[12:28] Property Tracker 2.0 has updated proformas with RV ratio evaluations.

[14:54] Clarifying the statement “Every day you have a property you own and don’t sell, you are buying it back from yourself.”

[19:35] Organizational tips for using Property Tracker.

[23:58] Scanning with Optical Character Recognition (OCR) makes you more efficient.

[31:08] Details about the new Amazon Echo contest, the Meet the Master’s event and the upcoming Venture Alliance Mastermind.

[34:50] Free one-hour Property Tracker onboarding session with Zack for Jason Hartman clients.

Website:

www.PropertyTracker.com

Direct download: AIPIS_203_Property_Tracker.mp3
Category:general -- posted at: 9:47pm EDT

Our movements and habits are being tracks more and more with each passing year, and even sometimes days. All of that data can come in quite handy when you're looking to buy commercial real estate. Where are your customers coming from? Where are they going? How long do they spend in your location? This knowledge can be crucial when you're considering purchasing a property.

Donna Salvatore is CEO and Founder of Megalytics, a company designed to take big data and decipher it for real estate investors, both big and small. Donna has worked with SaaS and IT companies for the past 22 years, and previously provided venture equity and debt financing for a decade.

Key Takeaways:

[2:28] Some areas of big data that commercial real estate investors that Megalytics can track

[6:14] Has the retail apocalypse peaked yet?

[10:18] What is the social media score and property management score that Megalytics provides?

[15:29] The explosion in available data and what it looks like going forward

[19:11] Big data isn't just for big commercial real estate investors, landlords of single family homes can use it as well

Website:

www.Megalytics.net

Direct download: AIPIS_202_Donna_Salvatore.mp3
Category:general -- posted at: 8:10am EDT

Jason welcomes Patrick Donohoe of The Wealth Standard Podcast to discuss the dirty details of pensions, insurance policies and Ponzi schemes. Jason describes the difficulties and common mistakes average retail investors make when investing in financial services. And, Pat gives a comprehensive overview of how to make the most of your existing policies in order to invest your money in the most historically-proven asset class, income property.

Key Takeaways:

[1:15] Is the US a giant Ponzi scheme?

[4:21] Understanding the difference between pension benefit plans and contribution plans is essential.

[14:05] The financial service industry preys on retail investors.

[19:39] Harry Markopolos is waiting to capitalize on a market correction.

[25:59] Analyzing the patterns and mistakes of the middle-class investor.

[34:17] The Wealth Standard Podcast focuses on helping individuals understand the comprehensive nature of the economy.

[36:39] Pat explains how policyholders can reduce their risk and get investment money for cash-flow properties.

Website:

Be Your Bank

The Wealth Standard Podcast

The Wizard of Lies

Venture Alliance Mastermind

Direct download: AIPIS_201_Patrick_Donohoe.mp3
Category:general -- posted at: 8:05am EDT

In the early 1980s Seth Merrin was an intern on Wall Street who saw ways the industry could change for the better. His first startup was an order management software that asset managers around the world use. He later created the company Liquidnet Holdings that allows institutional investors to trade large blocks of stock.

Jason Hartman caught up with Seth to talk about his newest book, The Power of Positive Destruction, and how business owners can take ideas from other industries and disrupt theirs.

Key Takeaways:

[1:01] The premise for the Power of Positive Destruction

[3:05] Taking things from one successful industry, and applying them to your different industry, can provide huge boons

[5:50] The positive destruction created by companies like Uber, Lyft, AirBnB, etc

[9:14] The art and science of launching a company

[12:39] How Seth applied the principles from his book on his own companies

[16:20] Whether Wall Street is swinging back toward being an institutional game, and how Seth's platform plays in that

[21:18] The idea of corporate responsibility, and how the proceeds from the book sales are going to help house the orphans of the genocide in Rwanda

Website:

www.PositiveDestructionBook.com

www.LiquidNet.com

Direct download: AIPIS_200_Seth_Merrin.mp3
Category:general -- posted at: 9:46am EDT

Elisabeth and Jason finally get back together to talk about what's going on in the world of real estate and inflation right now. They discuss some linear, hybrid, and cyclical markets, as well as the influence of foreign investors in the US real estate landscape.

Key Takeaways:

[1:01] What Jason learned on his 7 week vacation/trip to Europe

[5:03] The patterns of countries like Japan and the importance of demographics

[9:28] Whether "this time it's different" is at all applicable in this cycle, or if it's just wishful thinking before a bubble bursts

[13:36] Donald Trump is loosening the flood gates of money, and how it will effect real estate investing

[19:16] The impact that foreign investment has on US markets

[26:01] A lot of the invisible inflation can be seen is by the rise of self-service

[31:14] We've got to stop viewing minimum wage jobs as careers

Website:

www.JasonHartman.com/Events

www.WomenInvestingNetwork.com

Direct download: AIPIS_199_Elisabeth_Embry.mp3
Category:general -- posted at: 4:21pm EDT

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:

[2:43] Julia has about 30 listings for her 7 homes

[6:56] Julia's portfolio prior to starting short-term rentals

[9:40] The importance of the review system in the short-term rental market

[12:45] 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

[16:37] Short-term rentals and problems with neighbors

[21:10] Red flags (and green flags) for properties you're considering for short-term rentals

[25:38] What team members do you need in order to self-manage?

[31:11] Whether Julia has ever looked into using (or used) a property manager

[34:28] How Julia streamlines her operations

[38:08] A real life example of what kind of profits Julia makes on her properties

Website:

www.JuliaMSpencer.com

Direct download: AIPIS_198_Julia_Spencer.mp3
Category:general -- posted at: 8:35am EDT

In 2016 Jason was joined by Harry Dent, from Dent Research, to discuss the tax benefits you can get from moving to a US territory like Puerto Rico, some cyclical markets that are out of control, demographic problems around the world, inflation, and foreign investors in US real estate.

Key Takeaways:

[1:20] Harry's new home in Puerto Rico, and the tax benefits he can receive

[5:18] Vancouver real estate is out of control

[10:31] Japan's biggest problem is a demographic problem

[14:21] Previously Harry had predicted a drop in gold which hasn't happened, does he still believe it's going to go down or was he wrong?

[19:01] In a deflationary environment the only chance you have to make money is in yield, which can be found in linear markets with cash flowing properties

[24:22] Most foreign real estate investors are legally laundering their money out of their country

Website:

www.HarryDent.com

www.DentResearch.com

Direct download: AIPIS_197_Harry_Dent.mp3
Category:general -- posted at: 12:00pm EDT

Part 2 of Jason’s interview with Richard Duncan includes information about the what Richard believes will happen if the government doesn’t continue to intervene in keeping the global bubble afloat, how the government can get back to the black and why we are at a unique time in economic history.

Richard Duncan is Chief Economist at Black Horse Asset Management, the author of The New Depression: The Breakdown of the Paper Money Economy and The Dollar Crisis: Causes, Consequences, Cures. His Macro Watch video series can help individuals to clearly understand how the financial system really works. Mr. Duncan previously held the position of economist for the World Bank and the International Monetary Fund.

Key Takeaways:

[1:00] Once the US moved from a gold backed monetary system to paper money system the rules changed.

[10:35] Who has benefited most from a globally-based economy?

[13:16] The global bubble is inflated by government policy.

[16:15] The combination of printing money and globalization makes this a unique time in history.

[21:33] How Richard Duncan believes the US can pull itself out of debt.

Website:

www.Blackhorse.com.sg

The New Depression: The Breakdown of the Paper Money Economy

The Dollar Crisis: Causes, Consequences, Cures

Direct download: AIPIS_196_Richard_Duncan.mp3
Category:general -- posted at: 12:00pm EDT

This week’s episode is an enlightening economic conversation you don’t want to miss. Jason welcomes Richard Duncan back to the show for the first of a two-part conversation about what is driving the economy and which mistakes could catapult the US into a recession.

Richard Duncan is Chief Economist at Black Horse Asset Management, the author of The New Depression: The Breakdown of the Paper Money Economy and The Dollar Crisis: Causes, Consequences, Cures. His Macro Watch video series can help individuals to clearly understand how the financial system really works. Mr. Duncan previously held the position of economist for the World Bank and the International Monetary Fund.

Key Takeaways:

[1:11] Richard Duncan has a unique, insider’s view of world economics and FIAT money.

[6:16] In the US, when credit grows less than 2% the US goes into recession.

[11:27] Creditism is the new Capitalism.

[13:47] Looking back at the policies which saved the world economy in 2008.

[19:45] It’s a very sensitive moment in the economy as the Fed is considering reversing quantitative easing.

[23:37] Globalization has changed the way the economic game is played.

Website:

www.Blackhorse.com.sg

The New Depression: The Breakdown of the Paper Money Economy

The Dollar Crisis: Causes, Consequences, Cures

Direct download: AIPIS_195_Richard_Duncan.mp3
Category:general -- posted at: 10:40pm EDT

Bubbles have come and gone throughout history. One area expands too much and crashes, but there are usually other asset classes that are insulated from the bust.

But what if it's an everything bubble? What if real estate, stock markets, commodities, and everything else is in a bubble? What can you do in that situation?

Jason Hartman talks with Mish Shedlock, economist and investment advisor at  SitkaPacific Capital Management, about what's going on right now and where you may find some decent investments amidst the bubbles.

Key Takeaways:

[3:12] Mish's Rule of Progress

[10:28] The Shiller P/E Ratio Chart and what it says about the market today

[12:13] The Buffett Indicator

[16:08] The Mish Shedlock investing thoughts for right now

[19:46] How asset inflation is leaving investors behind

[24:12] Some real estate price examples on the East coast that show the dangerous bubble we're probably in, and how policies are set up to aid the rich in their wealth creation

Website:

www.MishTalk.com

www.MishMoments.com

Direct download: AIPIS_194_Mish_Shedlock.mp3
Category:general -- posted at: 3:47pm EDT

Income generating real estate is the most historical proven asset classes in the world. Jason talks with Reichen Kuhl, CEO and founder of LeaseLock, about his program for landlords. LeaseLock is designed to identify rent payers and protects landlords from tenants who don't pay rent.

Key Takeaways:

[1:30] LeaseLock is an insurance policy a tenant will pay the rent.

[5:07] How exactly does the LeaseLock know who will be a rent payer?

[10:42] Insurance industries are able to insure people differently in spite of Fair Housing laws.

[12:49] The cost is LeaseLock is 7% of the full lease value of the rental unit.

[16:05] Miscellaneous information about LeaseLock as a business.

Website:

www.LeaseLock.com

Direct download: AIPIS_193_Reichen_Kuhl.mp3
Category:general -- posted at: 12:56am EDT

Jason Hartman welcomes William Cohan, New York Times columnist, special correspondent for Vanity Fair, former contributor to Bloomberg View, and author books such as Why Wall Street Matters, The Last Tycoons, and House of Cards.

William tells Jason his views on the Trump administration, why Donald has had a hard time draining the swamp and who really is to thank for the low unemployment rate and the steady economy.

Key Takeaways:

[1:13] The Trump administration, leverage and cleaning out the gears of the machine that is the US economy.

[7:24] A grand bargain with Wall Street would mean revamping much of its incentive system.

[13:40] Draining the swamp is harder to do than it looks.

[13:23] What we should expect out of the economy and employment.

Website:

www.WilliamCohan.com

Direct download: AIPIS_192_William_Cohan.mp3
Category:general -- posted at: 10:24pm EDT

Neighborhoods throughout America are more segregated than ever, and a lot of people don't realize that governmental action is a big reason why. Richard Rothstein is author of The Color of Law: A Forgotten History of How Our Government Segregated America, and he tells Jason about how laws kept certain groups of people in certain areas of society, and how it still resonates today. Richard also tells Jason some pretty simple rule changes that could spur integration, and more affordable housing in general, throughout the country.

Key Takeaways:

[1:27] The government's involvement in the segregation of our neighborhoods

[3:58] How governmental actions created segregated suburban communities like Levittown, NY and Lakewood, CA

[7:27] The FHA would only guarantee loans to developers if they promised not to sell homes to African-Americans

[10:24] The Fair Housing Act of 1968 didn't actually solve any problems because the home values had become unaffordable for working class families

[19:08] Jason's take on "Environmental Racism"

[23:12] There has been some recent growth of African-American suburbs, but not integrated suburbs

[27:07] Richard's take on Ben Carson as head of HUD & Section 8 housing

[30:39] How Section 8 housing re-enforces segregation and keeps people out of middle class neighborhoods, while allowing landlords to raise their rents

Website:

www.EPI.org

Direct download: AIPIS_191_Richard_Rothstein.mp3
Category:general -- posted at: 8:33am EDT

 


The First Amendment is frequently cited by anyone who is told to quiet down what they are saying. But what does it actually protect, and from whom? Floyd Abrams represented The New York Times in the 1971 Pentagon Papers case, and is author of the new book The Soul of the First Amendment. He explains to Jason how the First Amendment actually protects us, what it DOESN'T protect us from, and why some areas aren't as protected as others.

From comments made online to business practices, it's important to know how much damage your speech can have, both to the subject of your speech and to yourself in any potential lawsuit.

Key Takeaways:

[2:23] Floyd's background and some of the landmark cases he's been a part of like the Pentagon Papers

[6:25] The First Amendment and college campus free speech issues

[8:10] Areas of our society we don't realize are government controlled and subject to different free speech rules

[10:45] The broadcast medium is nearing the free speech protections as print media

[15:17] The First Amendment and "fake news"

[20:03] The First Amendment and the internet users getting sued for comments/reviews/etc

Website:

The Soul of the First Amendment

 

Direct download: AIPIS_190_Floyd_Abrams.mp3
Category:general -- posted at: 11:07pm EDT

The housing market is always on a pendulum, but where are we now? Self driving cars are going to be changing the dynamics of our society, but are they going to push more people into the city or have more people moving to the suburbs? Jason Hartman and Matt Slepin, President of Terra Search Partners, discuss what is going on in real estate today, and how our changing environment is impacting real estate in the future.

Key Takeaways:

[3:06] Where Matt thinks we are in the business cycle, and whether we've overbuilt apartments

[7:19] The issues going on in the retail and office investment markets, and why apartment investing makes more sense these days

[11:43] The rise of the autonomous vehicles and how they will change the real estate demand equation

[15:59] What does Urban Land Institute do and what issues are being discussed?

[19:52] What Matt has learned in his real estate podcast

[23:21] Two conflicting trends in property management

Website:

www.TerraSearchPartners.com

Direct download: AIPIS_189_Matt_Slepin.mp3
Category:general -- posted at: 10:41pm EDT

Bob Miller might have started his career as a police officer, but he didn't stop there. He worked his way up to become the longest serving governor in Nevada history, with a mindset of encouraging economic development through environmentally friendly tourism, specifically Las Vegas.

But Vegas wasn't always in Bob's future. Bob's dad was a gaming pioneer, and he steered Bob away from the Vegas experience and pointed him in the direction of legal advocacy. After he graduated from law school and worked his way up to the governorship, Bob used his legal background to help Nevada transition Vegas into the powerhouse of entertainment that it is today.

Jason Hartman and Bob talk about Bob's new book Son of a Gambling Man, and what Vegas was, what it is, and how the law impacted Bob's entire life.

Key Takeaways:

[6:05] Where Bob sees Las Vegas, and the state of Nevada, headed

[11:02] When Vegas changed from a place with cheap food/transportation/hotel rooms to get you to come in and gamble, to a place where it's expensive and has booming business outside of gambling

[16:03] Bob's experience as a lawyer

Website:

www.RJMillerConsulting.com

Direct download: AIPIS_188_Robert_Miller.mp3
Category:general -- posted at: 10:34pm EDT

New Fannie Mae rules were recently announced, and it's going to impact your financing. Joe, Jason Hartman's lender, is here to talk about how these new rules are going to impact your investment home purchasing. There are caveats to the 20% down on your first 10 properties, but once you own the property, you have options.

Key Takeaways:

[2:10] Fannie Mae allows borrowers to put 20% down or the first 10 properties.

[4:23] Interest rates are rising so lock the rate on your property rate now.

[9:17] 85-90 days in the maximum time to lock in a rate.

[10:48] Joe explains loan level price adjustments to rate.

[13:02] The Trump administration may replace the head of the Consumer Financial Protection Bureau.

[17:55] The ease or difficulty of qualifying for a loan.

Direct download: AIPIS_187_Better_Financing.mp3
Category:general -- posted at: 9:00am EDT

Income property inventory is low after single-family home sales rose in January. Jason explains why an inflationary period is a great time to invest in single family homes during this live recording from one of his recent seminars. He also says the signs are pointing toward such an inflationary environment under a Trump presidency.

Key Takeaways:

[1:14] Inflation induced debt destruction by way of a mortgage.

[3:21] Inflation numbers are always adjusted by the government

[10:49] The ultimate investing equation.

[18:08] If it doesn't generate income, it's not an investment

[19:59] Inflation crushes cash and bonds

[22:01] The IRS does not account for inflation.

[25:15] Loan defaults happen during deflationary periods as well

[27:38] If you have a corporate job you are paying more taxes than the self-employed.

Direct download: AIPIS_186_Asset_Matrix.mp3
Category:general -- posted at: 12:00pm EDT

Elysia Stobbe's real estate career has seen her help close more than $250 million in residential mortgage loans. Jason Hartman talks with Elysia about her best selling book How to Get Approved for the Best Mortgage Without Sticking a Fork in Your Eye. The two discuss money mistakes that investors frequently make, what to expect from the mortgage industry in the next few years, some crucial borrowing strategies, and more.

Key Takeaways:

[1:42] The 3 monumental money mistakes to avoid

[5:12] The state of the mortgage industry

[8:40] Key borrowing techniques for investors

[11:50] There are still great returns out there, so stop waiting

Website:

www.ElysiaStobbeBooks.com

www.ElysiaStobbeHomeLoans.com

Direct download: AIPIS_185_Elysia_Stobbe.mp3
Category:general -- posted at: 12:00pm EDT

Jason Hartman talks with the founder of Rentec Direct, Nathan Miller, as the two seek to help investors self manage their properties with tools such as Rentec Direct. Rentec offers complete solutions including inventory, property management tools, and now exclusive financing with terms you will appreciate. Nathan says Rentec Direct is designed for investors with 2-20 income properties. Tenant screening, automated payments and a property manager access option makes the tool accessible and easy to use.

Key Takeaways:

[1:52] Rentec Direct’s average client is an investor with 2-20 properties.

[3:51] The Rentec tool is designed to make a landlord’s life easier.

[9:01] Tenant screening is via Trans-Union.

[13:58] Rentec PM has the option to open an owner/investors portal and is 20% more.

[18:27] What differentiates Rentec Direct from their competition?

[24:02] Live chat support is available within the program.

Website:

www.RentecDirect.com

https://cozy.co

“The most important part of renting a home is picking the right tenant.”

Direct download: AIPIS_184_Nathan_Miller.mp3
Category:general -- posted at: 12:00pm EDT

Jason Hartman talks with Frances Donald, Senior Economist at Manulife Asset Management and Chief Economist at John Hancock Financial Services. The two discuss consumer, investor, and executive sentiment numbers in the home and job market. Frances can't say for certain whether or not Trump is the reason behind the economic resurgence, but she does believe Trump's potential policy changes are the reason behind the stock market rally.

Frances and Jason also discuss how the real estate market still has pent up demand despite growing student loan debt and young people being unable to buy homes.

Key Takeaways:

[1:12] Investor sentiment gives a positive outlook for the US economy

[3:54] Is Trump the cause of the economic forecast?

[5:11] Rising interest rates present a challenge for the housing market

[8:12] Trump is inspiring confidence in companies all across the country

[9:53] Real estate investment is a small part of the total economy

[14:30] There are two true drivers of rental housing

[17:02] The housing and rental markets are not currently in their natural order

[20:41] The importance of demographics in relation to wage growth

Websites:

www.JohnHancock.com

@FrancesDonald

 

There are fewer multipliers to growth from a rental market than there are from a housing market.

Direct download: AIPIS_183_Frances_Donald.mp3
Category:general -- posted at: 8:00am EDT

Jason Hartman talks with Founder, CEO, and Chairman of ThirdHome, Wade Shealy. The two discuss how people with vacation homes can loan out their vacation spot while getting access to thousands of properties in desirable areas for as little as $395 for a week. So if you're tired of going to the same spot for your vacation year after year, maybe it's time to borrow someone else's for a change.

Key Takeaways:

[2:41] How ThirdHome differs from timeshare business models

[6:06] What you have to do to be eligible for membership into ThirdHome

[10:36] How ThirdHome relationships with other organizations works

[13:56] The cleaning process after guests leave your vacation home

[15:26] Relationships that have been cultivated through ThirdHomes, and some of the membership perks

Websites:

ThirdHome

JetSmarter

Direct download: AIPIS_182_Wade_Shealy.mp3
Category:general -- posted at: 8:53am EDT

Jason Hartman talks with Robert W Wood, Managing Partner of Wood LLP. Robert is a tax attorney who deals in matters both corporate and individual. He has been ranked by the US Lawyer Rankings as a Top 6 tax lawyer in the country.

Jason and Robert discuss things people do with their taxes that might open them up to prosecution, and how to avoid turning your contractors into full time employees in the eyes of the law.

Key Takeaways:

[1:19] Should offshore accounts be avoided?

[3:41] You could be unknowingly breaking the tax law

[4:42] The main way IRS criminal cases come about

[7:40] What to do if the IRS criminal division comes for you

[10:05] How lawsuit settlements are seen in the eyes of the tax law

[11:56] What you need to know, tax wise, about hiring freelancers

[17:40] The dangers of having freelancers and employees doing the same jobs

Website:

www.WoodLLP.com

Direct download: AIPIS_181_Robert_Wood.mp3
Category:general -- posted at: 10:47pm EDT

Jason Hartman talks with Grant Cardone, Executive Producer of Turnaround King and host of The Cardone Zone. Grant is also the author of The 10X Rule, and he talks with Jason about how you can make your life be what you want, why he wrote his book, and why it's important to be self sufficient.

Key Takeaways:

[4:30] Grant’s new venture Act Like Success is based on committing first and figure the rest out later.

[9:52] The 10X Rule is based on a concept that the goals, targets and actions people are making are low based on their potential.

[12:07] How to stay excited and make your goals 10X.

[13:57] Breaking free of middle-class thinking.

[21:17] Find power in who you know not what you know.

[25:46] You have to do whatever it takes!

Website:

www.GrantCardone.com

www.TiredofMissingSales.com

www.CardoneUniversity.com

www.twitter.com/GrantCardone

Direct download: AIPIS_180_Grant_Cardone.mp3
Category:general -- posted at: 11:30pm EDT

Jason Hartman talks with Sandra Navidi, author of the new book Superhubs: How the Financial Elite and their Networks Rule Our World.

Sandra is a former investment banker at Scarsdale Equities, and is now the founder and CEO of BeyondGlobal. Sandra received her law degree from the University of Cologne School of Law, Germany, as well as a Master-of-Law Degree in Banking Corporate and Finance law from Fordham University School of Law, USA. Navidi’s economic perspective is described as “from micro to macro”.

Key Takeaways:

[1:40] Why financial superhubs are of interest to Sandra

[5:55] The superhubs are the same as all networks, but with significant more power

[9:12] How the actions of various superhubs can impact your life

[14:03] Can an average person get access to superhubs?

[18:02] How many superhubs are out there

[21:10] Some of the biggest names in the financial world have relatively low net worths

[27:21] If we don't correct our system, it will correct itself, and it might not be pretty

Website:

www.beyond-global.com
www.twitter.com/sandranavidi

Direct download: AIPIS_179_Sandra_Navidi.mp3
Category:general -- posted at: 3:33pm EDT

Jason Hartman talks with one of his clients, and owner of 9 properties, Muthiah Nachiappan. Muthiah has pored over many property management contracts, and he discusses his self-designed Property Management Survey, fees property managers charge but shouldn't be paid for, and how he got into income property investing. Jason also gives listeners 4 options for property management, and then discusses the 3 options property management companies have to take advantage of if they want to stay in business.

Key Takeaways:

[2:44] Property Management contracts always skew toward the writer of the contract

[4:06] Jason thinks the property management business is ripe for disruption via things like self-management, a la carte services, and flat fees.

[7:38] Muthiah's road to income property investing

[11:28] Muthiah's Property Management Survey.

[16:01] What the flat fee system Jason envisions is

[21:30] 4 property management options the every investor should know

[26:52] A hybrid option for property management needs to be available

[31:21] It's important that your property management company know that you're an educated owner who won't be taken advantage of.

[33:48] Muthiah shares his future investment plans and his retirement objectives.

Website:

www.jasonhartman.com

Direct download: AIPIS_178_Muthiah_Nachiappan.mp3
Category:general -- posted at: 9:35pm EDT

Jason Hartman talks with Andrew Wright, CEO and Managing Partner at the commercial real estate firm, Franklin Street. He has grown the company to more than 200 employees in major markets throughout the Southeast.

He has been involved in over $1 billion in real estate and finance transactions, and also has experience in distressed real estate, negotiating the resolution of more than $800 million in debt since 2009.

The two discuss the changing nature of real estate thanks to technology, and what sectors are still worth investing in today.

Key Takeaways:

[1:35] How Andrew expects Trump to impact real estate under Trump

[4:59] How much the internet has changed retail centers

[8:31] Internet shopping has changed the demand for warehouse real estate and the delivery industry

[12:54] Andrew's take on the supply/demand status of the market right now

[17:03] What kinds of cap rates Andrew is seeing out there these days

[19:08] Andrew's favorite real estate investment today

Website:

www.franklinst.com

Direct download: AIPIS_177_Andrew_Wright.mp3
Category:general -- posted at: 10:42pm EDT

On September 30, 2016, Linda Jones invited Jason Hartman on to Be Wealthy and Smart to talk about the all important LTI ratio. Jason explains why high land values aren't necessarily a good thing, and how his "Hartman Risk Evaluator" can help you identify cyclical markets to avoid and linear markets that are ripe for investing.

Key Takeaways:

[4:34] The importance of the LTI ratio

[7:28] Jason's "packaged commodities investing" idea

[11:41] How much land values can change the price of your home

[15:08] How the "Hartman Risk Evaluator" can help you invest

[18:44] The danger that comes from believing someone can predict changes in home prices

Websites:

www.jasonhartman.com
www.twitter.com/jasonhartmanroi

Direct download: AIPIS_176_Linda_Jones.mp3
Category:general -- posted at: 12:00pm EDT

Chris Porter is coauthor of the new book Big Shifts Ahead, and VP and Chief Demographer at John Burns Real Estate Consulting. Jason Hartman talks with Chris about how demographic issues can impact the real estate market, the economy, and business cycles.

Key Takeaways:

[2:15] Exploring Chris' new book: Big Shifts Ahead: Demographic Clarity for Businesses.

[4:47] Generational nicknames given to generations based on the shifts they ushered in.

[13:20] The new generation is probably going to behave like their grandparents rather than their parents

[14:16] The housing market is about to experience shadow demand

[16:35] A third of all population growth in the US can be attributed to immigration

[18:51] John Burns Real Estate consulting believes home ownership, over the next decade, will fall below 61%

[22:17] Business relocation incentives in the south are enticing

[23:52] Differentiating between urban, suburban, and rural communities.

[28:26] How to bring the best of the urban settings to stereotypically suburban environments.

Websites:

https://www.realestateconsulting.com
https://www.bigshiftsahead.com

Direct download: AIPIS_175_Chris_Porter.mp3
Category:general -- posted at: 9:00am EDT

Jason Hartman talks with Nathan Miller, the founder of Rentec Direct. Rentec Direct is a client-focused program designed for investors with 2-20 income properties. The tool allows you to have a website, auto draft rent payments, full bank, property and tenant ledger, tenant screening, publish vacancies to sites like Craigslist, online file management, and more.

Key Takeaways:

[1:57] Why Rentec is designed for investors with 2-20 properties.

[3:56] The primary purpose of Rentec is to make the real estate investors life easier

[9:06] All screening for tenants is done by Trans-Union

[14:03] For 20% more you can use Rentec PM and have an owner/investors portal

[18:32] How is Rentec Direct different from similar platforms?

[24:07] Rentec Direct offers a live chat support function

Website:

https://www.rentecdirect.com
https://cozy.co

Direct download: AIPIS_174_Nathan_Miller.mp3
Category:general -- posted at: 10:30pm EDT

Jason Hartman talks with Ed Conard, economist, and founding partner, with Mitt Romney, of Bain Capital. Conard wrote the New York Times Bestselling book Unintended Consequences: Why Everything You’ve Been Told About the Economy is Wrong and his soon to be released book, The Upside of Inequality: How Good Intentions Undermine the Middle Class. The two discuss the misunderstandings on CEO pay, why the technology sector is doing so well, and how current regulations tend to benefit the big players in the market.

Key Takeaways:

[1:28] Ed discusses his time at Bain Capital with Mitt Romney, when they experienced enormous growth.

[3:30] Clients of Bain Capital were given the opportunity to invest in capital investment and management supervision related opportunities.

[5:07] The company also utilized a higher risk strategy, which allowed them to take advantage of investment opportunities of undervalued assets.

[7:21] The Upside of Inequality delves into American workers productivity

[12:18] The US economy is accelerating and we don't see a stagnant Fortune 400, which means companies aren't just negotiating for a bigger piece of the pie

[14:47] While the headlines make it seem ridiculous, CEO pay may not be quite as outrageous as it appears

[19:36] Tech companies pay less taxes and have lax regulation, especially when compared to other sectors, who have to continuously look for loopholes to give get a competitive advantage.

[21:22] The rise of profitability in the tech sector has been extraordinary.

[22:23] The economy is squeezing the profitability out of every most other sectors.

[24:45] Properly trained talent and a willingness to take risk are the binding constraints to growth in this new economy.

Website:

http://www.edwardconard.com
https://twitter.com/edwardconard

Direct download: AIPIS_173_Ed_Conard.mp3
Category:general -- posted at: 4:27pm EDT

Jason Hartman talks with James Adams, former Waffle House employee and analyst. His new book, Waffle Street: The Confessions & Rehabilitation of a Financier, tells the inside story of working on Wall Street during the housing market crash. After exiting the scam that is Wall Street, he got a job at Waffle House, and spawned his book, now movie starring Danny Glover. James explains the central banking system in terms of loans and debt, the issues created by printing more and more money, and cautions us about which major nation might be the first to collapse in the NEXT crisis.

Key Takeaways:

[1:25] James' original title for the book

[5:02] While some areas of the book are dramatized, the crisis was on a bigger scale than anyone could imagine.

[6:25] Haphazard underwriting and an improbable US housing decline made many US financial institutions to reassure clients until the crash happened

[9:23] The ripple effects of leverage because of how out of whack rent to home price ratios were

[12:05] James fears the treasury balance sheets of G8 countries could be the cause for another meltdown.

[14:23] Central banks are creating electronic liabilities.

[16:10] What needs to be done to the banks before we can even begin to solve our underlying problems

[21:59] Printing money works until it doesn't

[22:38] Japan has many factors that are working against their long term success

[23:58] Are options on Japanese debt a good idea?

[26:05] The Waffle Street film is trending well on Netflix and is experiencing good distribution.

[27:10] James has another movie and works as a Senior Research Analyst

Website:

http://www.wafflestreetmovie.com
https://twitter.com/wafflestmovie

“It’s the layer upon layer of leverage which creates instability in the housing market.”

Direct download: AIPIS_172_James_Adams.mp3
Category:general -- posted at: 10:40pm EDT

Jason Hartman and Gary Pinkerton break down the article, 27 Charts That Will Change How You Think About the American Economy. The charts document changes in the US economy in regards to things like productivity, demographics or inflation. They also highlight the impact of people working past the social security mandated retirement age, service jobs versus labor jobs, and the opportunity presently presented to real estate investors based on the number of Americans with disposable income.

Key Takeaways:

[3:40] Gary was looking for a way to shift active income into passive income which led him to the Creating Wealth podcast.

[5:57] The 27 Charts that will change how you think about the American economy article, by Timothy Lee.

[10:07] Service Industry growth is a clear indicator of progress and higher standard of living.

[13:59] Labor force numbers have been declining since 2000

[16:30] The urban growth in real estate

[21:05] Chart #19 shows inflation-adjusted home prices.

[26:18] Construction costs have not kept up with housing prices

[30:42] The American idea of retirement has changed

Websites:

www.venture-alliance.com
www.vox.com/new-money/2016/10/10/12933426/27-charts-changing-economy

Direct download: AIPIS_171_Gary_Pinkerton.mp3
Category:general -- posted at: 4:56pm EDT

Jason Hartman talks with James A. Runde, investment banker and independent corporate director. He is the longest-serving investment banker at a single U.S. firm, currently standing at 42 years with Morgan Stanley. He is best known for advising UPS to go public, a move that has worked out quite nicely for the company.

Alongside his role as investment banker, Jim began educating other bankers about emotional intelligence quotient (EQ). His new book, Unequaled, dives into this topic.

Key Takeaways:

[2:38] How the markets and technology have changed in the 42+ years James has been in finance

[6:54] How you can strengthen your EQ as opposed to your IQ

[10:52] The importance of adaptability, and how everything changes when you go into the workplace

[13:04] James' opposite route that he takes at networking events

[17:10] How emotional intelligence has had to adapt to changing technology

Website:

http://jamesrundeauthor.com
Unequaled on Amazon
James Runde on Wikipedia

Direct download: AIPIS_170_James_Runde-final.mp3
Category:general -- posted at: 11:20pm EDT

Daren Blomquist, Senior VP at ATTOM Data Solutions and the Executive Editor of ATTOM’s award-winning Housing News Report joins Jason Hartman to discuss the new President, Donald Trump, and what this presidency might end up meaning for real estate investors, the economy as a whole, and clearing up regulatory issues which hamper the current market.

Key Takeaways:

[1:43] A Trump presidency's impact on real estate investors and our economy

[5:55] Affordability issues caused by the wage problem

[8:46] How lower interest rates create housing bubbles

[11:33] Home ownership is at a 50 year low while housing prices skyrocket to unsustainable highs.

[15:43] What would happen if Trump repealed Dodd-Frank?

[19:11] ATTOM’s Housing News Report article tells us why big banks are fleeing the mortgage business.

[20:16] An increase in foreclosure activity continued in October 2016

[24:29] How Trump’s promise to invest in the United States infrastructure will help real estate investors.

[25:36] Email marketing@attomdata.com and mention "Creating Wealth" to get the award winning Housing News Report free for one year

Websites:

http://www.realtytrac.com
http://www.realtytrac.com/news/tag/marketing-list
http://www.attomdata.com

Direct download: AIPIS_169_Daren_Blomquist.mp3
Category:general -- posted at: 10:17pm EDT

Jason Hartman's client, Dr. David D’Ambrosio, tells all about his experience with a 1031 Exchange on some properties in the Orlando and Indianapolis markets. He has some ideas about why high-tax bracket professionals avoid real estate investing, and Jason has his own. One thing Dr D'Ambrosio does want to know is, what should his next step be?

Key Takeaways:

[1:34] Dr. David D’Ambrosio is Radiation Oncologist, but has always been intrigued by real estate.

[3:52] How David did a 1031 Exchange and purchased four properties in Orlando.

[5:34] The two ways to diversify a real estate portfolio: location and cash flow/appreciation.

[7:25] The 1031 Exchange deadlines, 45 days for identifying properties, but six months to close.

[10:08] How frustrating it can be when you have a no-brainer like real estate investing, but people aren't willing to try it

[16:16] Some places to look for financing after you've reached your traditional property limit

[22:24] Is it possible to do a cash out refinance if you can get a lot of cash out of the deal?

[24:27] The break even point of a deferred down payment option

[27:25] What is equity stripping?

Websites:

www.hartmaneducation.com
www.venturealliancemastermind.com

Direct download: AIPIS_168_David_DAmbrosio.mp3
Category:general -- posted at: 11:46pm EDT

Jason Hartman talked with Nick Sargen, author of Global Shocks: An Investment Guide for Turbulent Markets, about what we should be expecting from the economy with Trump in the White House. Nick is currently the Senior VP and Chief Economist at Fort Washington Investment Advisors. Before that he worked at Morgan Guaranty trust, the Federal Reserve Bank of San Francisco, and the US Department of Treasury.

Key Takeaways:

[1:10] How President-elect Trump's pro-business stance might impact the US.

[4:42] Whether Trump's spending will lead to higher interest rates.

[6:50] There are some concerns over President Trump and the issue of trade.

[9:36] Why budget deficits do not always lead to inflation.

[12:13] Donald Trump, the real estate president who will be pro-growth

[15:05] Why the market is on the rise in response to President Trump's policies

[17:55] A closer look at Nick's book, Global Shocks: An Investment Guide to Turbulent Markets

[20:29] How to invest in order to take advangtage of a bubble.

[24:13] What sector hasled the way in the recent stock market run up

Websites:

Fort Washington Investment Advisors

Global Shocks: An Investment Guide for Turbulent Markets

Direct download: AIPIS_167_Nick_Sargen.mp3
Category:general -- posted at: 5:39pm EDT

Nick Adams joins Jason Hartman for today's installment of the AIPIS Show. Nick is the Founder and Executive Director of FLAG, The Foundation for Liberty and American Greatness. Alongside that job, he's also a columnist for Townhall.com and he is a former Centennial Institute Policy Fellow. Nick and Jason dive into Nick's bestselling book, The American Boomerang: How the World’s Greatest Turnaround Nation Will Do It Again and his belief that Trump will be America’s next great president for four and possibly even 8 years

Key Takeaways:

[2:20] The American Boomerang included what Nick Adams thought needed to happen for an American Renaissance.

[4:11] Nick Adams read The Art of the Deal when he was 11-years-old and he publicly supports Trump.

[8:10] Unlike in Australia, the Tall Poppy Syndrome does not apply in the US.

[12:42] There are four ways America is considered to be exceptional culturally, militarily, economically and scientifically.

[16:01] People need to be confident for the economy to be roaring.

[17:00] These are the 5 things America needs to do to economically boomerang.

[20:48] Will the next 4 years under President Trump bring wealth for America?

Website:

www.flagusa.org

The American Boomerang: How the World’s Greatest Turnaround Nation Will Do It Again

Direct download: AIPIS_166_Nick_Adams.mp3
Category:general -- posted at: 11:35pm EDT

Jason Hartman talks with Doug Casey, a best-selling author, a well regarded speculator, and libertarian philosopher who has garnered a reputation for his savvy insights into politics, economics, and investment markets (however controversial they may be).

Doug is considered one of the utmost authorities on “rational speculation,” especially in the high-potential natural resource sector. He has lived in 10 countries and visited over 175.

Today Jason and Doug discuss his new novel Speculator, how to be an international man in today's world, and real estate around the world.

Key Takeaways:

[1:45] The premise of Doug's new book Speculator

[4:40] Breaking down each of the main topics of the series that Speculator begins

[8:35] How Doug's book International Man came to be the most sold book in Rhodesian history and made him semi-famous

[12:30] The world's move toward the singularity

[15:50] The epic college scam

[20:20] Diversifying yourself internationally

[24:20] Is the world flat now?

[29:00] We're at the beginning of the next crash while riding the tail of the previous crash

Website:

www.caseyresearch.com

Direct download: AIPIS_165_Doug_Casey.mp3
Category:general -- posted at: 11:00pm EDT

Jordan Goodman is known as America’s ‘Money Answers’ man. He's written 13 books on topics that range from detecting Wall Street lies to a financial dictionary to retirement planning. Jordan and Jason Hartman discuss what we can expect from Trump's new presidential administration, how Trump’s mix of supply-side and Keynesian economics will affect real estate markets and whether we're headed for increased inflation.

Key Takeaways:

[2:49] Jordan says tax rates will see dramatic changes under the Trump administration.

[4:28] Reducing taxes will increase the deficit, pushing interest rates up.

[7:37] The multiplier effect is the amount a home buyer invests in a newly purchased home.

[8:22] Regulations have discouraged good, qualified people from getting loans.

[9:08] Is it time for an economic downturn in the U.S.?

[13:31] Jordan tells us why interest rates will rise sharply in the next four years.

[18:18] Jordan Goodman wants what is best for the country.

[19:50] The economy will have a mix of supply-side and Keynesian attributes.

[22:30] The U.S. will run out of workers when Trump invests in infrastructure projects.

[26:48] Trump doesn’t want to install 35% tariffs his goal is an increase in exports.

[29:38] Jordan is involved in a commercial real estate lending fund.

[31:35] Does Thou shalt maintain control still apply?

Websites:

www.moneyanswers.com

Direct download: AIPIS_164_Jordan_Goodman.mp3
Category:general -- posted at: 10:14pm EDT

James D. Kuhn is the President of New York City’s Newmark Grubb Knight Frank commercial real estate advisory firm. James joined Jason and they talked about Trump's upcoming presidency, what it could mean for real estate markets, and the prospects of inflation in the US. Even though Trump has no political record to project, proper handling of trade policies and initiatives for corporate entities could spur job growth in low and middle class communities.

Key Takeaways:

[2:03] It is possible for Trump to spur the economy, especially in real estate.

[6:12] There will be winners and losers from Trump’s trade policies.

[11:19] James D. Kuhn believes the link between the lower and middle class benefiting from job growth is education.

[14:14] The demand for online college education is growing and it should be made available to everyone.

[16:14] Even before the election real estate investors thought it was hard to find value in the real estate market.

[19:00] The question for the Feds is, “at what point is the economy ready to handle inflation?”

[20:42] Real estate is the last great investment opportunity especially for those who watch their markets.

[23:09] An income property should make financial sense the day you buy it.

Websites:

www.ngkf.com

Direct download: AIPIS_163_James_Kuhn.mp3
Category:general -- posted at: 1:08am EDT

Jason Hartman recently spoke with client Elisabeth Embry about her journey from an executive of major companies to a real estate investor, the Venture Alliance Mastermind group, and the upcoming Venture Alliance meeting.

Listen in as the two of them delve into what to expect in the coming event, what to look for in property managers, and what markets Elisabeth is currently investing in.

Key Takeaways:

[1:49] Elisabeth's executive journey

[4:02] Why Elisabeth picked real estate

[8:05] Dealing with property managers while they're dealing with expanding

[11:20] What warning signs to look for that your property manager is slacking off

[15:55] Where all suffering comes from

[19:41] Elisabeth's experience with the Venture Alliance Mastermind

[24:16] Pre-qualifying your friends with the mastermind group

Website:

www.jasonhartman.com
Masters of Income Property Investing
Venture Alliance Mastermind Group

Direct download: AIPIS_162_Elisabeth_Embry.mp3
Category:general -- posted at: 11:12pm EDT

Jason Hartman talks with Dr. Robert Johnson, President and CEO of the not for profit American College. He is also the author of the books: Invest with the Fed: Maximizing Your Portfolio Performance by Following Federal Reserve Policy, Strategic Value Investing and the study What to Expect When You’re Electing. Dr. Johnson and Jason discuss long-term market strategies, what the stock market tends to do under political harmony, and how asset classes react to interest rate changes.

Key Takeaways:

[3:08] The republican party controlling all aspects of the government will mean sweeping reforms.

[6:34] Invest with the Fed analyzed how asset and equity classes perform during different interest rate environments.

[9:22] Stock market growth is higher when democratic presidents are serving or when there is political harmony.

[12:00] Long-term perspectives show the economy and the stock market move forward together.

[14:40] The best strategy is a long-term market strategy.

[16:19] Equity real estate investment trusts perform very well during rising rate environments.

[18:14] Will the cost of small business financing go up under a Trump administration?

[21:00] Is this time going to be different?

Website:

www.theamericancollege.edu

Direct download: AIPIS_161_Robert_Johnson.mp3
Category:general -- posted at: 10:08pm EDT

Mark Jaffe, former Walt Disney Company senior executive, spent many years creating happy moments for millions of people. At a young age he had come to realize that his happiest life was attainable. After much studying, observing, and cultivation, he ultimately enjoyed an enduring happyness through a singular focus on identifying what worked and what didn’t.

Through it all he's had a life journey, perhaps similar to your own, that included career successes and failures. A marriage that succeeded until it didn’t. Two fabulous kids. A dog. And the learned ability to be very happy, which, 40 years later, still keeps him happy.

Key Takeaways:

[2:10] What led Mark to write Suitecase of Happyness

[5:40] Overcoming the barriers that we create for ourselves, and the barrier the pursuit of success can create

[8:55] The importance of balance and perspective

[12:45] The word that stops us from having some of the best times of our lives

[14:35] The power of passion

[17:35] Why Mark spelled it "happyness"

Website:

http://www.suitcaseofhappyness.com/
http://twitter.com/markjaffe
http://instagram.com/markjaffe1

Direct download: AIPIS_160_Mark_Jaffe.mp3
Category:general -- posted at: 10:44pm EDT

Jason speaks with Bob Pozen about what a Trump administration could mean for the US real estate market on the whole. Potential changes in the works could mean good things to small and medium sized banks, as well as increasing how much big banks lend. Bob Pozen is a Senior Lecturer at MIT’s Sloan School of Management, a Senior Research Fellow at the Brookings Institute and former Associate General Counsel for the SEC. He has two books: Extreme Productivity, and Too Big to Save.

Key Takeaways:

[2:11] Legislation that may be changed through banking system while Dodd-Frank is left as is.

[5:50] There has been too much regulation on small to medium sized banks.

[7:33] The problems are Fannie Mae and Freddie Mac are they were never public nor private.

[11:13] The FHA and VA insure 100% of the mortgages made by banks.

[11:55] More money flowing into the real estate market will cause an upward pressure on prices.

[14:46] Home buying increases when rates start to go up but then level out.

[15:28] Pozen was chosen by President Bush to join a bipartisan commission to strengthen Social Security.

[17:00] Security and Exchange Commission has constraints regarding employees working for corporations after their service.

[19:22] Getting to the gist of Bob Pozen’s book Too Big to Fix.

[21:59] Peer-to-Peer lending is pretty much unregulated.

[23:38] As the economy strengthens banks should lend more.

Websites:

www.bobpozen.com

Direct download: AIPIS_159_Bob_Pozen.mp3
Category:general -- posted at: 8:58pm EDT

Andrew came up with the idea for Rented.com after hearing two vacation homeowners tell horror stories of the time and hassle involved in the self-management of their properties. With degrees from Harvard College, Harvard Law School, and Cambridge University, and experience working with some of the largest companies in the world during his time at McKinsey & Co. and Axiom, Andrew is excited to apply all he has learned to the sharing economy in order to create a better experience for all.

Key Takeaways:

[3:00] Rented.com's different business model

[7:01] The process of renting your place to a management company

[9:24] The ability to estimate your return prior to buying

[13:08] What sorts of property management companies Rented.com works with

[17:26] The potential pitfalls of using Rented.com

[22:22] What sort of cut the management companies are looking to get in their deals

[24:38] How using Rented.com might impact your homeowners insurance

Website Mentioned:

www.rented.com

Direct download: AIPIS_158_Andrew_McConnell.mp3
Category:general -- posted at: 9:24pm EDT

Kenneth D. Campbell created and edited an influential investment newsletter for twenty years; co-wrote The Real Estate Trusts: America’s Newest Billionaires, first full-length book on REITs; and co-founded a global firm managing $22 billion in assets. He is also the author of the new book Watch that Rat Hole: And Witness the REIT Revolution

Key Takeaways:

[2:26] The history of REITs

[7:16] The market of REITs

[10:55] What type of REITs Kenneth prefers

[14:50] A rundown of Kenneth's interactions with billionaires such as Sam Zell, Warren Buffett and more

[18:55] The outlook on the regulatory impact on REITs

[20:45] The impact Brexit will have on the real estate market

Website Mentioned:

www.watchthatrathole.com

Direct download: AIPIS_157_Kenneth_Campbell.mp3
Category:general -- posted at: 11:54pm EDT

It is possible to self-manage properties you have never seen.

David Merrill of Nationwide Eviction Services shares the benefits of his company’s software platform. The software allows investors who self-manage their properties to pay a small fee to file an eviction from anywhere, on-line. The company’s comprehensive website includes a calculator that can formulate a price per eviction in any state by entering a property’s zip code.

Key Takeaways:

[2:34] A software solution to the age old problem of eviction.

[5:00] Roughly, what are the costs for an eviction plus court costs in different areas of the country?

[7:59] An eviction is a two-part process, if you plan on recovering your funds.

[10:43] Which states have landlord friendly or landlord unfriendly markets?

[14:08] Smart Eviction Technology is a standardized form which adapts to the differences in local markets.

[16:25] People should standardize all of their collection efforts on all of their properties.

[18:31] Keep the lines of communication open. It pays to work with your renters before starting the eviction process  

[23:25] An online calculator shows which areas are more landlord friendly or tenant friendly based on cost per zip code.

[27:12] Contact information for David Merrill and his closing thoughts.  

Mentioned in This Episode:

http://www.nationwideeviction.com/

Direct download: AIPIS_156_David_Merrill.mp3
Category:general -- posted at: 9:00am EDT

If you are interested in growing your retirement money faster, reducing your risk paying less tax this episode is a must listen. You must align your interests with the financial institutions and the central banks as they are most powerful monetary entities in the world. As you build your income property portfolio you need to put your money in a retirement account which allows you to self-direct your funds without paying high taxes or penalties. The Solo 401k is a vehicle you can use to defer taxes and manage as a resource. Guest expert, Jeff Nabers, created the complete Solo 401k and designed an online tool so you can calculate possible risks before making major investment decisions.  

Key Takeaways:

[2:22] The Solo 401k was based on the Pension Protection Act of 2006.

[4:26] The 3 main advantages of a Solo 401k.

[11:19] There are two qualifications which differentiate a Solo 401k from a traditional Roth IRA.  

[16:19] The Solo 401k allows you to invest $18,500 of your self-employment income.

[17:53] The IRS puts real estate investors in two categories one is a business and the other is a dealer.

[22:23] The rules of an IRA are much stricter than the rules of a Solo 401k.

[25:47] The most powerful thing an investor can do is to diversify.

[27:49] Health care costs and college tuition are impacted the most by inflation.

[28:11] The present value of money versus the future value of money and the lost opportunity costs of paying taxes on an IRA now.  

[32:42] It’s impossible to know how the government will tax retirement plans in the future.  

[38:13] Jeff Nabers’ company set up the only complete Solo 401k and designed an online tool.

Website Mentioned:

http://solo401k.com/creatingwealth

Direct download: AIPIS_155_Jeff_Nabers.mp3
Category:general -- posted at: 6:00pm EDT

Gary has spent most of his career building businesses in the real estate, hospitality, and tech sectors. Immediately before Roofstock, Gary was co-CEO of Starwood Waypoint Residential Trust (NYSE: SWAY), one of the leading Single-Family Rental companies in the US.

Gary founded Roofstock on the belief that the Single-Family Rental sector has stuck to the old way of doing things for far too long – it’s an industry ripe for disruption.

Roofstock is the first online marketplace created exclusively for investing in leased Single-Family Rental homes that generate cash flow day one. Created by investors for investors, Roofstock provides research, analytics, and insights to evaluate and purchase independently certified properties.

Roofstock turns the old way of investing on its head, bringing transparency and efficiency to create a better way to transact. Buyers access vetted homes with current cash flow. Sellers market homes without lost income or disrupting tenants. Neighborhoods avoid signs in yards which could depress values. It’s win-win all around.

The most revolutionary aspect of the Roofstock marketplace is enabling investors to treat their real estate investments more like stock portfolios, focusing on asset allocation, rather than dealing with the hassles of researching and buying vacant homes that need to be repaired and leased.

Key Takeaways:

[1:42] What Roofstock is

[4:35] The reality of the single-family rental home investor

[7:10] Where Roofstock's inventory comes from

[10:00] The 3D Rendering Roofstock does of each home in their inventory, and what benefit it creates

[12:15] Who is there in the walk through for the property and how sellers don't have to pay for a lot of things they usually do

[15:35] The number of transactions Roofstock has been able to do in their first 18 months

[18:45] How the buying process works

[22:00] The investment fund Roofstock recently released (and who is managing it)

[25:00] Why Roofstock has properties in high end areas with RTVs below 1%

[27:30] How the valuations of the property are done

[30:10] What Roofstock does to find and certify property managers, and why investing close to where you live is an outdated idea

Websites Mentioned:

www.roofstock.com

Direct download: AIPIS_154_Gary_Beasley.mp3
Category:general -- posted at: 3:47pm EDT

Zbigniew found Reality Games in October 2014 and launched Landlord mobile game in January 2015. He is also the Programming Director of Promotion of Poland 2020 of The Kosciuszko Institute. Zbigniew has over 12 years of online advertising and over 10 years of real estate experience. He founded and exited a few other companies such as Second Poland and Supremum 360: Digital Outsourcing & Advertising Service.

Key Takeaways:

[2:20] How the Landlord app works

[3:35] How data mining is helping the app become more and more accurate and how it can make you a better investor

[8:00] How check-ins can increase the value of your properties, but how they've safeguarded against abuses

[10:20] Buying properties in places that you can't physically get to

[12:55] The power of crowd sourcing and apps

[16:20] Where Jan sees the future of tech and the digital divide

[18:50] The app business model and how much one MLB player has spent on the app (and isn't even the top player in the game)

[22:50] If there's a social component to the game and if people are actually meeting through it

Website Mentioned:

www.wearerealitygames.com
Find the Landlord app on iTunes and Google Play


Direct download: AIPIS_153_Zbig_Woznowski.mp3
Category:general -- posted at: 1:01am EDT

Jack Cashill  is an independent writer and producer and, on a contractual basis, the Executive Editor of Ingram’s Magazine.

In addition to his work with Ingram’s, Jack has written for Fortune, The Wall Street Journal, The Washington Post, The Weekly Standard, AmericanThinker.com, and regularly for WorldNetDaily.

Within the last decade Jack has written seven books of non-fiction — First Strike, Ron Brown’s Body, Hoodwinked, Sucker Punch,What's the Matter with California, and Deconstructing Obama. Three of his books have cracked Amazon’s top ten list. Jack has produced a score of documentaries for regional PBS and national cable channels, including the Emmy Award-winning, The Royal Years.

Jack has a Ph.D. from Purdue University in American studies, has taught media and literature at Purdue and at Kansas City area universities, and served as a Fulbright professor in France

Key Takeaways:

[2:38] Jack's thoughts on the Brexit

[4:15] Who the base of the left are these days

[7:19] Where the breakthrough came in terms of creating a culture that would create a long term, successful economy

[9:40] Where the contempt for our culture is derived

[13:05] How greed pervaded all layers of our culture in the 2008 housing crisis, not just the lenders like the media portrayed

[16:33] How the Jewish code and the usury ban led to a helpful (but not exactly healthy) relationship between the two

[19:30] Whether the bible conflicts when it comes to credit

[21:50] What we need to make capitalism succeed

[23:31] Why we need to question the root cause of things, not just address the symptoms, or else we end up hurting the people we're trying to help

[26:16] What actually happened with TWA 800

Website Mentioned:

www.cashill.com

Direct download: AIPIS_152_Jack_Cashill.mp3
Category:general -- posted at: 12:28am EDT

Lane Kawaoka is a City Project Engineer and Licensed Professional (PE) Civil/Industrial Engineer. Short after graduating college, during his first 5 years of his career, he supervised a traveling, union-based crew that required 100% travel away home.  During this time, he traded the most important resource, time, for money.

In 2009, he was able to save for an A-class rental that rented for $2200/a month in the Pacific Northwest (how embarrassing a Rent-to-Value Ratio of 0.5%!). After his 2nd acquisition of a duplex in 2012, he was looking to make a 3rd but the market was appreciating and he saw the numbers would yield negative cashflow.

With this realization, Lane converted his portfolio to markets with stable multifaceted job markets and Rent-to-Value Ratios that would yield healthy $250-$400/month spreads between the rents and expenses (mortgage, vacancy, professional management, repairs, and capital expenses).

Today Lane's portfolio consists of 11 single family homes in Birmingham, Atlanta, Indianapolis, and Pennsylvania. Jason caught up with Lane to discuss some 1031 exchange tips that Lane utilizes with his properties.

Key Takeaways:

[1:55] How Lane became interested in real estate

[4:10] Why Lane believes the stock market formula is impossible to beat or even project

[7:46] Lane's home auction experience that showed him not everyone with money is smart

[10:28] Why Lane is in the markets he's in right now

[13:00] The 45 Day Deadline with your 1031

[16:01] What you need to ask yourself before your start your 1031 exchange

[20:29] When you start approaching the end of your 1031 exchange deadline

[22:20] Filling out "To Whom It May Concern" letters, and Jason's paid off $237 tax lien from the 90s that's made his own "To Whom It May Concern" letter a part of every deal he makes

Website Mentioned:

www.simplepassivecashflow.com

Direct download: Episode-Removed.mp3
Category:general -- posted at: 11:38pm EDT