Accredited Income Property Investment Specialist (AIPIS)

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 EST

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 EST

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 EST

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 EST

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