Accredited Income Property Investment Specialist (AIPIS)

Jason Hartman talks with Marc Biron, founder and CEO of Home Diversification Corp, about his product that is intended to help homeowners diversify their market risk in their own home purchase. The product is intended to help protect homeowners from downturns in the housing market in their local zip code by indexing it to the national housing market. Listen in as Marc explains why it would make sense for homeowners and how it works.

Key Takeaways:

[1:48] How Marc's mortgage product can help diversify market risk

[6:07] Marc claims his product is 42% more stable than the average housing market

[10:22] A sample case of how the product works

[13:51] Home Diversification uses the Zillow statistics for national home price indexing

Website:

www.JasonHartman.com/Properties

www.HomeDiversification.com

Direct download: AIPIS_296_Marc_Biron.mp3
Category:general -- posted at: 12:00pm EDT

Jason Hartman joins Investment Counselor Sara and one of the Florida market specialists to discuss the upcoming Profits in Paradise event and the Florida property tour the Friday before the event. Prior to the Great Recession, the network dealt exclusively with new construction. Now it's a rarity, but Florida (and Atlanta) is able to provide that right now. New construction allows for win-win-win situations between investors, developers, and tenants.

Website:

www.JasonHartmanLive.com

Direct download: AIPIS_Bonus_Profits_In_Paradise.mp3
Category:general -- posted at: 11:09pm EDT

Jason Hartman and his mom take today's episode to review the book The American Jubilee: A National Nightmare is Closer Than You Think, as well as discussing the impact of loan forgiveness and some self-management strategies that can save you money and headaches when it comes to repairs and tenant retention.

Key Takeaways:

[1:47] Jason's mom's takeaway from the book The American Jubilee

[4:33] The middle class is getting crushed today more than they ever have in American history

[7:47] You can use debt as a strategy

[11:38] Impact of the bank holiday

[14:07] Student loans are being packaged and sold to financial firms just like liar loans were

[18:59] The federal government can nationalize your stock and bond portfolio a lot easier than your property

[23:08] Turnover can be expensive, but keeping tenants for too long could mean your rents are too low

[27:36] The longer your tenant is there the more they treat it like their own home

[31:44] A recommendation to reduce your insurance prices

Website:

www.JasonHartman.com/Properties

Direct download: AIPIS_295_Debt_Jubilee.mp3
Category:general -- posted at: 1:27pm EDT

Jason Hartman talks with Bill Ness, CEO and founder of Neighborhoods.com and 55Places.com, about how to evaluate neighborhoods and the incredible opportunity that the 55+ age market is presenting for investors.

Key Takeaways:

[1:52] As Bill started Neighborhoods.com, how did he define a neighborhood?

[5:02] How do people sort neighborhoods

[9:26] Last year only 38% of home buyers were over the age of 55

Websites:

www.Neighborhoods.com

www.55Places.com

Direct download: AIPIS_294_Bill_Ness.mp3
Category:general -- posted at: 8:05am EDT

Jason Hartman talks with Michael Finch, Principal at SVN and SFRhub Advisors, about the latest trend in real estate development: the build to rent model. The two discuss why this model is so popular, why developers love it and why it's not likely to be going away any time soon.

Key Takeaways:

[1:26] Why is the build-to-rent model so attractive?

[6:15] Build to Rent properties tend to haev drastically lower tenant turnover

[10:48] Financing build to rent properties

[14:09] Do communities have to be all or nothing in terms of build for rent sales?

Website:

www.SFRhub.com

Direct download: AIPIS_293_Michael_Finch.mp3
Category:general -- posted at: 8:31am EDT

Jason Hartman talks with Romana King, award winning real estate writer and director of content for Zolo, about what's going on in the Canadian real estate market (specifically Vancouver), as well as some of the best tips for real estate investors. Romana is another buy and hold real estate investor, and she and Jason explore what the best practices are in that marketplace.

Key Takeaways:

[4:50] When you purchase a property, the value isn't in the property it's in the land

[7:56] Canadian financing options

[12:13] Romana's take on Opportunity Zones

[15:09] What is Zolo?

[17:42] Romana's tips for purchasing investment properties

[21:26] Some signs that the area might be a good one to invest in

Website:

www.Zolo.ca

www.RomanaKing.com

Direct download: AIPIS_291_Romana_King.mp3
Category:general -- posted at: 3:31pm EDT

In this off topic episode, Jason Hartman talks with Cynthia Kane, author of How to Communicate Like a Buddhist, as well as Talk To Yourself Like a Buddhist, about how we should be communicating with ourself and with others. Too often we say things hurtful to ourselves and our loved ones which we don't even realize until it's too late. Cynthia explains the elements of right speech that will point us in the right direction, as well as the importance of silence.

Key Takeaways:

[2:30] How does communicating like a Buddhist help you?

[6:20] The importance of "Mindful Listening"

[8:49] How we can use silence in a positive way

[16:24] How do you talk to YOURSELF as a Buddhist?

[20:28] You need to pump yourself up with self talk a little bit

[22:18] The importance of questioning

Website:

www.CynthiaKane.com

www.JasonHartman.com

Direct download: AIPIS_290_Cynthia_Kane.mp3
Category:general -- posted at: 12:00pm EDT

Jason Hartman talks with DeAnn O'Donovan, former President & CEO of AHP Servicing and former Executive VP and Chief Administrative Officer of Wintrust Mortgage, about the practice of investing in non-performing notes and loans. DenAnn explains what she looks for when considering investing in loans, what positions she's comfortable taking, and where you can still find deals in today's marketplace.

Key Takeaways:

[5:18] Does it matter whether you're in first or second lien position?

[9:11] Where do you find the deals in today's market?

[19:33] Are there multiple categories of servicers available?

Website:

DeAnn O'Donovan on LinkedIn

Direct download: AIPIS_289_DeAnnODonovan.mp3
Category:general -- posted at: 12:00pm EDT

Jason Hartman talks with Jeff Astor, VP of Business Development at Broad Financial and author of The Ultimate Self-Directed IRA:: Using Self-Directed IRAs & Solo 401ks To Invest In Real Estate, Bitcoin, Ethereum, Cryptocurrencies, Gold, Private Businesses, Startups, Exotics & Much More, about how to invest in various assets at the "arms length" that the tax code requires. Jeff explores some unique investments clients have made that satisfy the legal requirements, as well as explaining the difference in the 2 types of self-directed IRAs.

Key Takeaways:

[2:09] What are "exotic" investments and how you keep your investments "at arms length"

[5:12] There are 2 types of self-directed IRAs, the custodial model and the checkbook model

[9:18] Finding financing for IRAs since you need a non-recourse loan

[12:36] Do people set up multiple LLCs inside their IRA to get even more asset protection?

[17:11] Make sure you do your research on self-directed IRA companies, because custodial companies rely on trust

[20:17] Can you take possession of precious metals if you purchase them through a self-directed IRA?

Website:

www.JasonHartman.com/Properties

www.BroadFinancial.com

Direct download: AIPIS_288_Jeff_Astor.mp3
Category:general -- posted at: 9:35pm EDT

Jason Hartman talks with Gary Boomershine, real estate coach, real estate investor and founder of REIvault, about the differences between real estate investors and a real estate entrepreneur, as well as ways that you can protect yourself from inflation. Gary and Jason discuss the great part of buy and hold investing and what Gary sees as the future for the economy and real estate.

Key Takeaways:

[2:28] What is a real estate investor?

[6:28] Gary used to flip houses but now regrets every house he ever sold

[11:44] Gary's experience as a hard money lender

[17:53] Gary's take on the VRBO market

[24:34] First position lending can be a hedge

[30:31] Right now Gary's a bit pessimistic about the market and is taking some chips off the table, while some of his cohorts are going full in

[32:58] The 3 areas Gary believes need to be very careful in today's market

Website:

www.JasonHartman.com/Vault

Direct download: AIPIS_287_Gary_Boomershine.mp3
Category:general -- posted at: 2:04pm EDT

Jason Hartman does another client case study with Lisa, and today is all about metrics. Lisa has seen the Pro Formas available on Jason's website but wants to know which lines are the most important to be looking at when evaluating a property. Then Jason and Lisa move on to self-management and some ways to find a handy man that are outside the norm. Plus, don't forget to celebrate Financial Freedom month throughout July!

Key Takeaways:

[2:56] The 3-5 things Jason looks at first in the Pro Forma

[8:47] The very first thing you need to do when looking at any Pro Forma is checking the assumptions

[12:09] Don't forget to watch and re-watch the 27 minute video that goes over the Pro Forma line by line

[13:07] How Lisa used Lowe's to find a handy man

[17:02] Why Jason's so excited about his new Empowered Investing Network

[18:50] What to do for Financial Freedom month (coming this July)

Website:

www.JasonHartman.com/Properties

Quick Start Podcast

Direct download: AIPIS_286_Lisa.mp3
Category:general -- posted at: 3:38pm EDT

Jason Hartman talks with Andrew Rybczynski, Senior Consultant at CoStar Portfolio Strategy, about what is happening on the construction side of both single family and multifamily properties. The tight labor market is causing unit completion to slow significantly, but there are a massive number of units being started. The two look at the impact of more millennials living at home on the shadow demand for apartments and whether renter demographics are still looking good.

Key Takeaways:

[1:28] We're seeing a lot of construction all around the country, what's the supply/demand outlook?

[5:09] How much are construction costs going up?

[9:08] We're not building single family homes as much as we used to

[11:51] About 32% of adults 18-34 are living with their parents

[15:3] Looking at the spread between an apartment cap rate and a triple B bond

[18:58] How Andrew views renter demographics over the next 10 years

Website:

www.JasonHartman.com/Properties

www.CoStar.com

Direct download: AIPIS_285_Andrew_Rybczynski.mp3
Category:general -- posted at: 8:24am EDT

Jason Hartman and Adam today break down a video about how Fannie Mae and Freddie Mac influence the housing market in the United States. While their publicly stated goal is to make housing in the country more affordable, are they really doing that? Listen in to find out.

Key Takeaways:

[1:19] Fannie Mae Going Away?

[3:39] The idea that we need a high home ownership rate is a false idea

[8:11] How Fannie Mae props up the housing market

[12:53] Fannie & Freddie have a stated goal of making housing more affordable, but they don't do that at all

[22:24] If you're investing for yield rather than capital gains, the price of the house has much less importance

[25:30] The importance of sustainable investing

Website:

www.JasonHartman.com/Properties

How Fannie & Freddie Prop Up America's Favorite Mortgage by Wall Street Journal

Direct download: AIPIS_284_Adam.mp3
Category:general -- posted at: 3:00pm EDT

Jason Hartman talks with in-house economist Thomas about how interest rates in the past 10 years have compared to one another. The two explain why interest rates can be so difficult to predict and how these past 10 years are compared to the past.

Key Takeaways:

[3:12] Interest rates aren't completely unpredictable, but they're driven by things where you can't know exactly what's going on

[6:29] Interest rates back in 2010

[16:07] #5 on Thomas' list is 2017, when interest rates dipped under 4%

[20:43] 2015 makes up the #3 spot on the list with interest rates averaging 3.85%

[24:37] The #1 year for interest rates in the past decade

[28:51] Remember that real estate deals can be renegotiated

Website:

www.JasonHartman.com/Properties

Direct download: AIPIS_283_Thomas.mp3
Category:general -- posted at: 3:24pm EDT

Jason Hartman and Adam examine the Investopedia article referring to the 9 common effects of inflation. The 2 types of inflation (cost-push and demand-pull) are also broken down in regards to how they impact your property value and rent.

Then the two examine what impact the Trade War with China could have on the markets properties are available in. If production from overseas come back to the United States, where are we likely to see the impact?

Key Takeaways:

[3:40] The 9 common effects of inflation

[8:36] The land value is the one that's susceptible to big swings in value

[12:10] Cost-push versus demand-pull inflation

[15:19] How the Trade War could create cost-push inflation in the linear markets we're investing in

[18:34] If China ever manages to create a middle class they're going to have to deal with a new set of issues, which might make them an inopportune producer

[23:21] When labor shortages hit construction it can make it incredibly expensive to build a house and retain the workers needed

[28:00] Once the Trade War has ended, look at what job sectors are going to be impacted most and adjust your investing strategy accordingly

Website:

www.JasonHartman.com/Ask

www.JasonHartman.com/Properties

9 Common Effects of Inflation on Investopedia

Direct download: AIPIS_282_Inflation_Trade_Wars.mp3
Category:general -- posted at: 3:01pm EDT

Jason Hartman talks with Rob Stephens, co-founder of Avalara MyLodgeTax, about whether the short-term rental market is oversupplied and what the impact of institutional investors is doing to the marketplace as a whole. They also discuss some of the tax implications of running short-term rentals.

Key Takeaways:

[1:39] Is the short-term rental market oversupplied?

[5:07] How will short-term rentals hold up in the next economic downturn?

[9:26] What has the increased usage of short-term rentals done to the timeshare market?

[10:51] The way institutional investors are getting involved in short-term rentals

[15:42] Tax compliance

[18:57] How much do room/tourism/hotel taxes differ across the country?

Website:

www.MyLodgeTax.com

Direct download: AIPIS_281_Rob_Stephens.mp3
Category:general -- posted at: 3:43pm EDT

Jason Hartman talks with Robert Greene, author of the new book The Laws of Human Nature as well as New York Times bestsellers like The 48 Laws of Power and The 33 Strategies of War, about how to approach people to put yourself in the best position for success as well as how to best change your life and circumstances. Robert goes over a few of his 18 laws to help you on your way.

Key Takeaways:

[4:06] Misjudging people is extremely expensive, and it's getting even harder to do with everything becoming virtual

[6:25] Thinking about what other people need or are going through is one of the most important life skills you can develop

[9:40] When you ask someone for anything, they are naturally going to be resistant

[12:45] We are emotional creatures, largely governed by our emotions

[24:18] You can change your own life and circumstances by working on your attitude

[27:54] The biggest impediment in people's lives is the inability to affect or influence the people around them

Website:

www.PowerSeductionAndWar.com

Direct download: AIPIS_280_Robert_Greene.mp3
Category:general -- posted at: 10:45pm EDT

Jason Hartman talks with Frank Barletta, Co-Founder and CEO of UpTop, about how his software can help self-managing property owners. Frank explains how UpTop helps landlords deal with leases and maintenance requests, as well as how to use the platform.

Key Takeaways:

[4:14] What does a landlord do with UpTop?

[7:12] Where UpTop makes its money

[12:18] How UpTop handles leases

[13:05] Dealing with maintenance issues through UpTop

Website:

www.LiveUpTop.com

Jason Hartman's Real Estate Investor Update Alexa Skill

Direct download: AIPIS_279_Frank_Barletta.mp3
Category:general -- posted at: 8:45pm EDT

Jason Hartman has a client case study with David Nelson, who, along with his wife, has amassed a real estate portfolio that has allowed her to retire early to focus on their holdings. David discusses how his cockiness led him into a bad deal, why continual education is important and where his journey is heading.

Key Takeaways:

[17:19] David started getting cocky investing in 2016 and didn't pay enough attention to his inspection

[20:24] Jason's group doesn't do any one off deals

[24:28] How self-management has gone for David so far

[29:18] When you combine education with action you can accomplish nearly anything

[33:01] Why being 80% in on one asset class isn't necessarily a mistake

Website:

www.JasonHartman.com/Properties

Direct download: AIPIS_278_David_Nelson.mp3
Category:general -- posted at: 12:00pm EDT

Jason Hartman talks with Josh and Mike from Elite Group Inspection Professionals about what to expect when getting a home inspection. A good home inspection can save you thousands, and a bad home inspection can cost you thousands. It can be tough to figure out who you can trust when you're getting one done, but Josh and Mike give you some resources to finding a competent inspector and what the major things you should be looking for on your inspection reports.

Key Takeaways:

[3:28] Make sure you check your home inspector for licenses, certifications and insurance

[6:15] Some of the biggest concerns from buyers

[10:54] The pros and cons of various roof types

[15:48] Expect a lot detail about repairs needed in your inspection, but not about how much they will cost to fix

[19:22] What to look for on the interior of the house

[22:29] When you need to get a re-inspection done

[25:18] Some of the common plumbing problems

Website:

www.EliteInspections.com

Direct download: AIPIS_277_Home_Inspections.mp3
Category:general -- posted at: 4:09pm EDT

Jason Hartman talks with client Drew Baker about the new developments in Drew's journey in self-management. Drew gives Jason a rundown on how he deals with lease renewals, some of the repairs he's doing to his properties in order to retain his tenants, and what software he's using to keep track of it all. Jason also gives Drew a little bit of advice on how he may be able to accelerate his depreciation in a cost effective manner.

Key Takeaways:

[3:23] The one type of pollution that China doesn't have, that America has PLENTY of, is noise pollution

[8:43] An update on Drew's self-management process

[11:45] Cost segregation studies have become reasonably priced for single-family homes and could well be worth the cost

[16:37] Drew tries to get his leases to come up for renewal in the warmer months, as well as signing a 2 year lease

[20:07] Drew's approach to lease renewals

Website:

www.JasonHartman.com/Properties

Direct download: AIPIS_276_Drew_Baker.mp3
Category:general -- posted at: 5:27pm EDT

Jason Hartman talks with client Greg Scott about his journey from accidental landlord to an owner of multifamily properties. Greg and Jason examine why people don't know whether they're winning or losing, how Greg was able to continue investing through the Great Recession, and what sort of demographics are making being a landlord look better and better.

Key Takeaways:

[2:26] Greg's journey to becoming an accidental landlord

[6:03] People often don't know whether they're winning or losing

[11:09] When you hear about the returns people get from real estate and want to do the same, you have to actually act on it

[12:43] Greg's plan for his new multifamily facility

[15:29] How worried was Greg when he was investing in property during the Great Recession?

[19:35] Does Greg see the same thing about high rental demand as Jason does?

Website:

www.JasonHartman.com/Properties

Direct download: AIPIS_275_Greg_Scott.mp3
Category:general -- posted at: 10:06am EDT

Jason Hartman talks today with Frank Gallinelli, founder and President of Real Data and author of the book What Every Real Estate Investor Needs to Know About Cash Flow & 36 Other Key Financial Measures, about what metrics Frank finds the most important for single family home investors to pay attention to. They also discuss the "holy grail" metric that investors should be using and when you actually SHOULDN'T invest in real estate.

Key Takeaways:

[1:53] What are the core metrics that real estate investors should be looking at?

[6:39] You should try and forecast best case, worst case, and in-between case for your properties

[8:02] What is discounted cash flow?

[10:36] The holy grail metric is still IRR (Internal Rate of Return)

[12:26] A different way to view Return on Equity

[15:59] Is there a time where it doesn't make sense to acquire properties?

[21:44] Education is absolutely vital to being a good investor

Website:

www.RealData.com

Direct download: AIPIS_274_Frank_Gallinelli.mp3
Category:general -- posted at: 11:46pm EDT

Jason Hartman talks with Julia, who will be speaking at the event in Savannah, GA about tax liens and deeds. She gives a brief intro to what they are and what she'll be discussing at the event.

Key Takeaways:

[2:21] An intro to tax liens and tax deeds

[3:19] How Julia was able to buy a house in Savannah for simply paying back taxes

[5:48] Julia will be teaching how to avoid problem properties and how she evaluates deals

Websites:

www.JasonHartman.com/Properties

www.JasonHartman.com/Events

Direct download: AIPIS_273_Savannah.mp3
Category:general -- posted at: 12:00pm EDT

Jason Hartman talks with Cliff Hayden, creator of Show Me the Rental, about how he started his business, what his software does, and property management tips for real estate investors.

Key Takeaways:

[1:36] What frustrated Cliff enough to create Show Me the Rental

[3:30] How Show Me the Rental works

[7:30] Some sample questions Cliff's software might use

[11:45] What platforms Show Me the Rental connects with

[13:12] Cliff's property management tips

Website:

www.ShowMeTheRental.com

Direct download: AIPIS_272_Cliff_Hayden.mp3
Category:general -- posted at: 9:27am EDT

Jason Hartman talks with Ryan Minekime, co-founder of REIanalyst, about how his tool allows investors to whittle down their list of potential properties quickly.

Key Takeaways:

[1:30] REIanalyst was born out of a need Ryan had to see more properties in less time

[4:38] How Ryan's data is figured out when making assumptions on properties

[7:21] Where REIanalyst gets their data

[11:16] Information for investors is severely lacking

Website:

www.REIanalyst.com

Direct download: AIPIS_271_Ryan_Minekime.mp3
Category:general -- posted at: 5:19pm EDT

In this off-topic 10th episode, Jason Hartman talks with Tal Ben-Shahar, co-founder of The Happiness Studies Academy and best-selling author of Happier and the new book, Short Cuts to Happiness: Life-Changing Lessons from My Barber, about how you measure happiness, predictors of happiness and what sorts of things Tal was able to learn from his barber. They also discuss whether Millennials and Generation Z to see if they've been coddled too much or if we've just learned how to better communicate with them.

Key Takeaways:

[4:30] How do you rate a country's happiness?

[6:57] There's only one thing that predicts happiness levels on a national level

[11:16] The hazards of social media on happiness

[13:18] Lessons learned from Tal's barber

[18:48] How to praise people properly to encourage growth

[21:37] If you don't teach people to face reality then you're setting them up for failure

[25:01] The first step toward happiness is, surprisingly, allowing in unhappiness

Website:

www.TalBenShahar.com

Direct download: AIPIS_270_Tal_Ben_Shahar.mp3
Category:general -- posted at: 6:28pm EDT

Jason Hartman talks with client Ira Boyd about his journey in real estate investing. Ira started off purchasing properties on his own, with some success but not as much as he'd hoped. After he found Jason's network, however, he's gotten in much better properties and is up to 12 investment properties and his personal residence. Ira discusses how live events aided his journey, where he sees his future in real estate investing, and what areas he thinks he needs to work on.

Key Takeaways:

[2:16] It's almost better not to see the property, because then you're buying based on intellect and not emotion

[5:34] Meet the Masters gave Ira the traction he needed to start investing through Jason's network

[8:44] Ira can't stress enough how much you need to go to an event and how helpful it will be

[13:12] Ira's plan for his portfolio

[17:08] Ira's policy on rent increases needs work

Website:

www.JasonHartman.com/Masters

www.JasonHartman.com/Properties

Book Your Time to Do a Client Case Study!

Direct download: AIPIS_269_Ira_Boyd.mp3
Category:general -- posted at: 12:00pm EDT

Jason Hartman welcomes Lisa Tomita, a client with 4 properties who has recently decided to self-manage two of her properties. Jason and Lisa discuss the ups and downs of investing and how self-managing has turned Lisa into a more empowered investor ready to deal with all the bumps along the way as she moves closer to her financial independence.

Key Takeaways:

[4:04] Lisa's tenant saved her $200 because of the relationship they've developed

[8:53] Lisa recently quit her job so she could focus full time on real estate

[12:58] Self-managing has made Lisa feel more empowered and learned

[17:23] One of Lisa's deals that hasn't gone well broke 4 of Jason's 10 commandments

[23:58] Income property is so durable it's like the self-healing asset

Website:

www.JasonHartman.com/Masters

Direct download: AIPIS_268_Lisa_Tomita.mp3
Category:general -- posted at: 9:39am EDT

Jason Hartman talks with Dan Amerman, CFA and author of books such as Mortgage Securities and Collateralized Mortgage Obligations: Unlock The Secrets Of Mortgage Derivatives, about how a heavy handed Fed has changed how inflation and housing have correlate to each other, why the Fed reacts to quickly, what the Fed is setting interest rates up to do, and much more.

Key Takeaways:

[3:46] The Federal Reserve is getting more heavy handed as years go by, and hints of a coming recession could lead to more intervention

[8:40] Housing tracked inflation better than gold until the Federal Reserve got real heavy handed after 2001

[13:29] The Fed reacts too quickly to things

[15:08] Dan's prediction of where interest rates are about to head

[20:52] Certain Fed actions and yield curve inversions seem to have a correlation

[24:26] The 2 ways to look at inflation

[27:48] The self-liquidating debt

Website:

www.JasonHartman.com/Masters

www.DanielAmerman.com

Direct download: AIPIS_267_Dan_Amerman.mp3
Category:general -- posted at: 12:00pm EDT

Jason Hartman talks with Tom Wheelwright, 2019 Meet the Masters speaker and Rich Dad Advisor, about how to help yourself in your legal tax avoidance using practices such as real estate professional, whether Opportunity Zones might be worth investing in, and why taxes tend to be higher when you retire.

Key Takeaways:

[4:18] The question you need to ask yourself if you can't qualify to be a real estate professional

[8:22] One of the most underutilized assets people have is other people's tax brackets

[10:10] Tom's views on Opportunity Zones

[14:19] The pass through tax deduction and how it applies to real estate investors

[18:22] Being a real estate professional can sometimes mean you can take early withdrawls from an IRA and actually completely negate the penalties

[21:29] You tend to lose a lot of deductions when you retire, so your planning leading in to retirement is crucial

[23:03] The 2 challenges with Roth IRAs when it comes to investing

Website:

www.JasonHartman.com/Masters

www.Wealthability.com

Direct download: AIPIS_266_Tom_Wheelwright.mp3
Category:general -- posted at: 4:04pm EDT

Jason Hartman has been in the Baton Rouge market before, but haven't been there for a while. Now, however, an old LMS is back with new, built-to-rent, construction that provides some solid return on investment. Jason talks to him about why he's back in Baton Rouge, what the new construction looks like, and the pervasiveness of institutional investors that drove him out of the Atlanta market.

Key Takeaways:

 

[2:49] What kind of properties are being built in this round of inventory

[7:51] Every apartment complex is a build-to-rent deal, but single family build-to-rent is becoming a bigger and bigger market

[10:31] Institutional investors come in with massive amounts of capital that has to be deployed quickly, and it has led them to accept lower returns

[14:25] Are any of the new properties assisted housing?

Website:

www.JasonHartman.com/Properties

www.JasonHartman.com/Masters

Direct download: AIPIS_265_Baton_Rouge.mp3
Category:general -- posted at: 4:12pm EDT

Jason Hartman talks with NeighborhoodScout's Founder & CEO, Andrew Schiller, about his company's predictions for the hottest appreciating markets in the US for 2019. Andrew lists the top 10 markets expected to appreciate as well as how to identify an area that's poised to make a turnaround.

Key Takeaways:

[4:41] National numbers are all well and good, but they don't really matter near as much as local numbers

[6:11] Some of the hottest forecasted appreciation markets in 2019

[9:53] How big are Census Tracts and Micro Neighborhoods?

[14:14] What factors makes a neighborhood turn around?

[18:18] Property crimes are much less an impediment to property values as violent crime

[23:52] How do you use Neighborhood Scout to figure out if a neighborhood is turning around?

Website:

www.JasonHartman.com/Masters

www.NeighborhoodScout.com

Direct download: AIPIS_264_Andrew_Schiller.mp3
Category:general -- posted at: 6:25pm EDT

Today's show is all about helping you grow your real estate portfolio as tax free as possible. When you are ready to sell one property and purchase other ones with the proceeds there's no need to pay capital gains taxes at that time when you have a vehicle like a 1031 exchange. Join Jason Hartman and Dino Champagne, Los Angeles Division Manager & VP at Asset Preservation Incorporated, as they discuss the strategies, the complexities and the savings that 1031s can provide.

Key Takeaways:

[3:17] How a 1031 Exchange works

[5:51] Try and avoid a reverse exchange as best you can, because they can get real tricky and lendors aren't fans of them

[7:48] The 45 and 180 day timeframe of a 1031 exchange

[10:37] The 3 different ways you identify properties in a 1031 exchange

[14:59] How much money can a 1031 exchange actually save you and your heirs? It's pretty astounding

[20:18] 1031 exchange accomodators aren't highly regulated, which has led to some scams over the years. What questions do you need to ask when you're searching for one?

[24:19] Changes the new tax law has made on 1031 exchanges

[26:50] Are Opportunity Zones overhyped?

[32:23] With Opportunity Zone investing being so new, vetting the sponsor of the deal is more important than ever

Website:

www.APIExchange.com

www.JasonHartman.com/Masters

Direct download: AIPIS_263_Dino_Champagne.mp3
Category:general -- posted at: 6:49pm EDT

Jason Hartman has a client case study with Curtis discussing Curtis' real estate investing journey so far, accumulating 13 properties in the past 3 years. Curtis gives a story about how he dealt with a massive insurance claim and how real estate investing is helping in his long term plans.

Key Takeaways:

[5:32] How bagels got Curtis and his wife into real estate

[11:15] Curtis' experience has been incredibly positive so far

[14:25] Curtis' local insurance was a life saver for them when property damage occurred

[18:34] What are Curtis' plans with his cash flow?

[22:47] Curtis had to be "deprogrammed" in order to real estate invest

Website:

www.JasonHartman.com/Masters

www.JasonHartman.com/Properties

Direct download: AIPIS_262_Curtis_Hruschik.mp3
Category:general -- posted at: 12:00pm EDT

Jason Hartman talks with Venture Alliance member Mike Zlotnik about the new trend in real estate investing, which is "Opportunity Zones". The two discuss what they are, when they can be a good idea, how the funds work and some potential tax implications. The two implore the listener to vet your sponsor before investing, not invest just for tax purposes and aligning your interest.

Key Takeaways:

[3:30] Mike's thoughts on deals in opportunity zones

[6:37] How funds work when investing in Opportunity Zones

[10:48] How are fund managers being successful getting people to invest

[14:22] Some potential tax implications

[17:25] Don't make the deal just for tax benefits. The deal needs to make sense BEFORE the tax benefit

[21:55] Your fund manager needs to have some skin in the game

[26:48] It's important to understand what a quality sponsor is

[28:51] The 2 major layers to pooled money investments

[31:25] Alignment of interest

Websites:

www.JasonHartman.com/Masters

www.BigMikeFund.com

Direct download: AIPIS_261_Mike_Zlotnik.mp3
Category:general -- posted at: 3:08pm EDT

Jason Hartman talks with Etienne Deffarges, author of Untangling the USA: The Cost of Complexity & What to Do About It, about some of the most pressing issues facing the country, such as health care and our banking system. They look at what exactly is causing the issues, but don't just focus on the problems. Etienne and Jason also discuss the most important part of the problems: their solutions.

Key Takeaways:

[1:26] We as a society make things much more complex than we need

[6:51] Etienne's solution for health care

[13:04] How can we improve the world of finance?

[17:15] Etienne is in favor of banks having to have a higher equity to debt requirements

[20:35] With all of these problems in the world, what's the solution?

Website:

www.EtienneDeffarges.com

Direct download: AIPIS_260_Etienne_Deffarges.mp3
Category:general -- posted at: 6:24pm EDT

Jason Hartman talks with Matt Taibbi, contributing editor at Rolling Stone and author of books such as Griftopia and The Divide, about bubbles. The two explore how Fed policy has been leading to bubbles throughout the years, how Wall Street is designed to take advantage of the average citizen and what we can learn from the history of bubbles.

Key Takeaways:

[3:06] There's a pretty decent path from Fed policy to bubbles

[7:36] How the Great Recession came into being

[12:12] Institutions have learned how to create a bubble to profit from, but then also be prepared to make money when their own bubble bursts

[16:19] As long as trades are occuring Wall Street is making money

[18:09] How investment bankers are auctioning off America's infrastructure

[22:49] What is the investor's lesson from the bubble machine?

Website:

www.Taibbi.SubStack.com

www.RollingStone.com

Direct download: AIPIS_259_Matt_Taibbi.mp3
Category:general -- posted at: 10:12pm EDT

Returning guest Adam Schroeder joins Jason Hartman for this episode, as the two discuss the steps for transitioning from professional management of rental properties to self management. Adam and his wife have 3 (going on 4) properties and are thinking that the time is soon coming to venture out on their own. But before doing that there are some important things to do like what information to get from your property manager, what kind of initial contact to have with the current tenant, finding forms and contracts when you're finding/reupping tenants, pet rent, and more. They also discuss finding repair people, what to expect from property management software, whether to allow grace periods and what kind of late fees to charge.

Key Takeaways:

[4:24] Sometimes removing a property manager actually makes things easier

[7:43] The information you need to get from your current property manager if you're going to make a switch

[12:42] A way to change your relationship with your property manager rather than completely ending it

[15:25] Bad property manager reviews on sites like Yelp might be a good thing, that's why you have to read them

[20:23] Insurance: individual policies or a commercial policy?

[25:07] You should have a clause in the lease stating which repairs the tenant is responsible for

[29:33] What to expect from property management software

[33:36] The importance of an increasing late fee

Websites:

www.JasonHartman.com/Properties

The PropertyCast

www.WeGoLook.com

www.NoLo.com

www.RocketLawyer.com

www.Buildium.com

Direct download: AIPIS_258_Adam_Schroeder.mp3
Category:general -- posted at: 5:51pm EDT

Jason Hartman talks with Keith McIntosh, President of McIntosh & Associates, LLC, about protesting your property taxes for your rental properties across the country. Keith explains the different ways you can protest your taxes, why the government big data doesn't get it right all the time, and more.

Key Takeaways:

[2:01] The property tax process & the 3 typical opportunities to dispute

[8:27] How does the process with Keith's company work?

[10:51] Why is Keith's "big data" different/better than the tax assessors?

[15:34] Is there a non-automated product available?

[17:51] How much people are usually able to save when protesting their taxes using Keith's data

[20:04] Protesting your taxes gives you a cumulative effect over the years

Website:

www.HomeTaxSavings.com

Direct download: AIPIS_257_Keith_McIntosh.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman talks with Paul Moore, author of The Perfect Investment: Create Enduring Wealth from the Historic Shift to Multifamily Housing, about what demographics are telling the two of them about the next decade for landlords, as well as home ownership rates and the current habits of both baby boomers and millennials.

Key Takeaways:

[1:46] How the demographics for the next decade looks for landlords

[3:44] Where Jason believes home ownership rate should be

[5:59] The faster growing demographic of renters is the baby boomers

[8:59] Millennials are renting in large numbers, partially thanks to the portability society

[12:55] What investing really is and other investment philosophies

Website:

www.WellingsCapital.com

The Perfect Investment: Create Enduring Wealth from the Historic Shift to Multifamily Housing

Direct download: AIPIS_256_Paul_Moore.mp3
Category:general -- posted at: 3:31pm EDT

Jason Hartman talks with Mitch Stephen, author of My Life and 1,000 Houses, on Mitch's start in real estate, the importance of not having 100% occupancy, how to determine if your market is overbuilt, doing due diligence, and more.

Key Takeaways:

[2:38] Is self-storage overbuilt? How Mitch tries to minimize his competition

[8:05] Self-storage facilities can go up really quick, is it better to buy an existing or build a new one?

[12:45] Jason's revelation about commercial vs self-storage real estate back in 2010

[16:20] Why you never want to be full in any sector of real estate investing & what you should do if facilities in the area are full

[19:49] Some of the due diligence Mitch does when looking for a facility to buy

Website:

www.REInvestorSummit.com

Direct download: AIPIS_254_Mitch_Stephen.mp3
Category:general -- posted at: 11:00am EDT

Jason Hartman talks with Nick Vertucci, author of Seven Figure Decisions and founder of NV Real Estate Academy, about Nick's journey through the real estate world after his tenure in the tech industry. Nick spills the details of his change and why he switched from selling and flipping to educating. The two discuss the downsides of real estate, but also the incredible rewards that can come if you stick with it, make decisions and keep moving forward.

Key Takeaways:

[1:20] Nick's journey from selling and flipping real estate to the education side

[7:48] Nick's first realization that he was making 7 figure decisions, and what true leaders all have in common

[10:50] Real estate isn't perfect, and it isn't easy, but it can bless you significantly

[14:32] Whether it's full or part time, have the entrepreneurial spirit and go create wealth

[16:25] Decision making is one of the most important things a successful person has to have

Website:

www.NVRealEstateAcademy.com

Seven Figure Decisions

Direct download: AIPIS_253_Nick_Vertucci.mp3
Category:general -- posted at: 12:00pm EDT

Jason Hartman plays some of his segment from the latest Cash Flow Wealth Summit where he talks about the 6 ways the US government can solve their $220 trillion obligation and which one we can take the most advantage of as investors.

Key Takeaways:

[2:57] The difference between money and currency

[5:50] The 3 basic economic maladies

[8:01] The entitlement society isn't going to change, so align your interests

[9:45] We must understand the motivations of governments and central banks

[11:43] The 6 ways the government can deal with the looming entitlement bill

[19:23] The most likely solution the government will choose

[23:02] Inflation is the most powerful method of wealth redistribution from lenders to borrowers, old to young

Website:

www.JasonHartman.com/Properties

Jason Hartman's Flash Briefing

The PropertyCast

Direct download: AIPIS_252_6_Reasons.mp3
Category:general -- posted at: 6:16pm EDT

Jason Hartman talks with Joe Melendez, Founder & CEO of Value Insured, which features a new product that can reimburse homeowners up to their full down payment if the market went down when they sold their house. The two discuss the lack of inventory in the entry level home market, the hazards of regulation on today's market, and how Value Insured is able to work to help home owners.

Key Takeaways:

[2:30] The entry level home market has been completely shut out from new home construction

[5:55] How to encourage builders to builder entry level homes

[9:50] Where is all the manufactured housing that people have been expecting?

[12:43] Equity insurance for the homeowner

[19:17] The math behind the equity insurance

[24:02] $60/year for equity insurance seems to say that Joe is bullish on the housing market. Is that true?

[27:11] When will the equity insurance for investors be available?

Website:

www.ValueInsured.com

Direct download: AIPIS_251_Joe_Melendez.mp3
Category:general -- posted at: 9:09am EDT

In this 10th episode, Jason Hartman talks with Steven Landsburg, Professor of Economics at Rochester and author of Can You Outsmart an Economist, about the big economic questions of the day. Steven explains why central planning will never work, the "Economic Berlin Wall" Jason proposes, and why more sex is safer sex (and how that applies to economics).

Key Takeaways:

[5:25] It's virtually impossible for central planners to get economic issues right

[9:55] How minimum wage is taken care of by the Earned Income Tax Credit

[13:14] The "Economic Berlin Wall" in today's society

[22:55] Using economics when considering the world's population

Website:

www.TheBigQuestions.com

www.JasonHartman.com/Events

Direct download: AIPIS_250_Steven_Landsburg.mp3
Category:general -- posted at: 10:16am EDT

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