Accredited Income Property Investment Specialist (AIPIS)

Today's off-topic 10th episode has Jason Hartman talking with Sally Kohn, CNN political commentator, host of The State of the Resistance podcast and author of The Opposite of Hate: A Field Guide to Repairing Our Humanity, about why there's so much hate in our country at the moment and how we need to continue acknowledging problems and working to get better.

Key Takeaways:

[4:16] Technology makes us feel more anonymous, which isn't always the best thing

[6:54] Does the US deserve credit for being better than the rest of the world?

[11:45] What definition of "hate" Sally's working from

[15:56] Most people don't think they're hateful, they believe "those people" are hateful so the things they do are justified

[19:40] We have been taught throughout history that men should be in positions of power, which is a powerful thing to have to break through

Website:

www.SallyKohn.com

Direct download: AIPIS_300_Sally_Kohn.mp3
Category:general -- posted at: 11:16am EST

Jason Hartman talks with Chris Porter, Senior Vice President & Chief Demographer at John Burns Real Estate Consulting, about what trends their company has been seeing. There have been some profound shifts in the way that Americans want their communities, what they're looking for in a house, and whether they even WANT to own a house.

Key Takeaways:

[2:30] The labor shortage in construction right now is a great opportunity for new technology to come into the market

[7:50] Some developer trends going on right now

[11:49] The current housing trends of Millennials and Baby Boomers

[15:16] Are the insititutional investors here to stay?

[19:50] Chris' prediction on home ownership rates has been somewhat right. Why he thinks it wasn't completely acurate

[24:43] Why the way generations are widely defined make no sense

Website:

www.RealEstateConsulting.com

www.BigShiftsAhead.com

Direct download: AIPIS_299_Chris_Porter.mp3
Category:general -- posted at: 11:04am EST

Jason Hartman talks with Matt Curtis, founder and CEO of Smart City Policy Group, about the state of short-term rentals in today's society. Matt explains why he thinks that no matter what people in power do, they won't be able to stop the movement that is short-term rentals. Matt also discusses what he expects for the market when the economy inevitably sinks into a downturn and people stop taking so many vacations, and why a societal shift is key to that.

Key Takeaways:

[4:06] Technology is leading us closer to a Jetsons like world

[6:43] Short-term rentals seem like they're going to win out over areas that are currently resisting

[9:57] It's not hard to see why some areas of the country are resistant to the idea of short-term rentals

[13:42] Are short-term rentals squeezing renters out of the higher end homes?

[18:04] Commercial mix-use multifamily seems to be an area that there's no qualms using for short-term rentals

[20:14] What happens to short-term rentals when the next recession hits?

Website:

www.SmartCityPolicyGroup.com

www.SmartCityPolicySummit.com

Direct download: AIPIS_298_Matt_Curtis.mp3
Category:general -- posted at: 10:54pm EST

Jason Hartman talks with Jeb Carty, co-founder of Zumbly, joins the show today to discuss their new product and how investors can use them to maximize their returns.

Key Takeaways:

[1:38] How Zumbly differentiates itself from generic MLS websites

[5:51] All the assumptions in Zumbly's calcuations are adjustable

[9:01] Zumbly is hoping to provide the newest of investors the best information possible to make smart deals

[9:58] Millennials are looking for a new way to buy

[14:26] Zumbly's rolling out in 10 more markets

Website:

www.Zumbly.com

www.JasonHartman.com/Properties

Direct download: AIPIS_297_Jeb_Carty.mp3
Category:general -- posted at: 12:00pm EST

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 EST

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 EST

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 EST

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 EST

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 EST

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 EST

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 EST

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 EST

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 EST

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 EST

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 EST

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 EST

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 EST

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 EST

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 EST

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 EST

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 EST

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 EST

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 EST

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 EST

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 EST

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 EST

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 EST

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 EST

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 EST

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 EST

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 EST

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 EST

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 EST

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 EST

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 EST

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 EST

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 EST

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 EST

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 EST

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 EST

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 EST

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 EST

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