Fri, 29 June 2018
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.
[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?
Fri, 22 June 2018
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.
[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
Fri, 15 June 2018
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.
[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
Fri, 8 June 2018
AIPIS 234 - Client Case Study, Avoiding Bad Investments By Following Jason's 10 Commandments with Sean
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.
[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
Fri, 1 June 2018
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.
[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