Fri, 22 February 2019
AIPIS 266: Tax Benefits of Real Estate Professionals with Rich Dad Advisor Tax Free Wealth Tom Wheelwright
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.
[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
Fri, 15 February 2019
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.
[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?
Fri, 8 February 2019
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.
[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?
Fri, 1 February 2019
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.
[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
Fri, 25 January 2019
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.
[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
Sat, 19 January 2019
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.
[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
Fri, 11 January 2019
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.
[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?
Fri, 4 January 2019
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.
[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?