Fri, 11 September 2020
Jason Hartman invites client, Adam Jackson, onto today’s show to discuss how he turned 5 years of investing into 14 properties with infinite returns. Adam shares his story from listening to an audiobook, to our podcast to becoming an investor. This is all coming from a USMC vet and someone in the aerospace industry.
As well, Jason and Adam discuss the global currency, the Baby-Boomer to Millennial wealth transfer. How will the Millennials treat this wealth transfer, one of the largest wealth transfers to date. Lastly, people are fleeing NYC, or upgrading their NYC apartments.
[2:15] Adam shares what are his “infinite returns” on half of his portfolio.
[5:00] Adam’s story from reading Seven Years to Seven Figures, listening to Creating Wealth Real Estate Investing, and closing on his 14th property. All in 5 years!
[10:00] Gain control of the real estate and then let it work for you.
[13:00] What were the good/bad experiences in the first five years of investing?
[18:00] Your worst deal was a double-digit ROI?
[21:30] Some people in the income property game think they’re losing when they’re winning because they don’t know how to do the math.
[24:30] Income property investing vs. Wall St.
[25:30] Where do you see the US going, from a perspective in tech and aerospace?
[29:00] If not the US, who will take the place of the world's reserve currency?
[32:45] The Boomer to Millennial wealth transfer.
[34:00] People are fleeing NYC or upgrading their size for the same price.
[36:10] Beyond property tracker, what other apps, tools, or resources do you use?
Fri, 4 September 2020
Founder of Excelsior Capital, Brian Adams joins Jason Hartman today to discuss everything from millennials moving to the suburbs to the office market and how it’s changing post-pandemic. Public transportation is likely to continue its trend downward as the car will regain popularity in need for social distancing and health.
[2:30] Millennials, it’s not all Brooklynn bars and avocado toast, now they are trending towards suburban areas.
[7:00] Speaking on the logistical challenges of a vaccine for COVID-19
[9:15] What do you see for the office property market?
[11:30] Suburban offices have a better chance of surviving the pandemic than high-density urban areas.
[14:15] Companies moving more towards mothership and hub and spoke models.
[15:15] Are any new deals going on in the office market?
[16:00] How far through this pandemic do you think we are?
[17:20] The fed and congress have been flooding the capital market system with liquidity.
[21:45] Will the development of tech push non-techies into a need for UBI?
[22:25] Discussing office reuse.
[25:45] Inflation will more than likely hit back.
[27:00] While the supply chain might be lacking, the price of construction seems to be substantially lower.
LinkedIn: Brian C. Adams
Fri, 28 August 2020
343: K-Shaped Recovery, Inflated, How Money & Debt Built the American Dream by R. Christopher Whalen
Jason Hartman talks about the K-Shaped recovery. Are we moving to a smaller economy? Can Biden kill the 1031 exchange, and use those tax funds elsewhere? How will this impact every aspect of real estate surrounding investor deals?
Jason interviews Chairman of Whalen Global Advisors LLC, R. Christopher Whalen. Whalen speaks on location changes of people and businesses due to Coronavirus. Not only are business locations changing, but companies have been forced to move away from the “old way” of doing business and finally adapting to innovations in technology and communication. Whalen also gives a glimpse into his recent book and discusses the fed’s strategy to steer clear of deflationary times. Will we see consequences from the creation of money and bailouts?
Books: Inflated, How Money & Debt Built the American Dream by R. Christopher Whalen
[1:00] Jason talks about the recovery shapes: are we moving into a smaller economy?
[5:00] Businesses going virtual.
[9:20] Biden wants to kill the 1031 exchange.
[15:00] Could Biden use the elimination of the 1031 exchange as a way of embarrassing Trump?
R. Christopher Whalen
[21:00] Not only are people leaving big cities, like NYC, because of COVID-19, but large companies are also looking to move so that they can relocate the people that work within them.
[23:30] Coronavirus has forced businesses to move out of “the old way.”
[27:50] A brief history of banking, from Abraham Lincoln to present.
[30:20] Before the creation of The Fed, J.P. Morgan was essentially the central bank.
[32:00] Whalen breaks down how he differentiates between inflated as he puts it and inflation.
[37:15] Will we see any consequences from the creation of money and bailouts?
[38:00] Quantitative Easing: central banks buy government bonds or other financial assets to inject money into the economy to expand its activity.
Direct download: AIPIS_343K_Shaped_Inflated_How_Money__Debt_Built_the_American_Dream_by_R._Christopher_Whalen.mp3
Category:general -- posted at: 12:00pm EDT
Fri, 21 August 2020
Jason Hartman speaks with Leslie Appleton-Young, vice-president and chief economist for the California Association of Realtors. Leslie brings several charts and graphs to the conversation to share some staggering movement in California's real estate. In January, 2020 was shaping up to be a knock out year, but due to the Coronavirus pandemic, we are now looking at best for a quick recovery. Leslie and Jason draw correlations between the 2008 recession and recovery to the recent, seemingly, self-imposed recession.
As well, Leslie shares data to support buyer/seller trends as emotions shift from the COVID-19 impact. The question continues to go unanswered, how will malls, retail space, and hotels change post coronavirus?
[7:30] Jason and Leslie discuss predictions based on the Q2 hit in 2020, ranging from a 25% - 42% decline.
[9:00] The buy-side of real estate is doing well, likely because of record low interest rates, more space needed for home offices, and more space desired in quarantine times.
[15:30] In January, the 2020 expectation was to be a great year based on some standard metrics.
[16:20] We have not had a breakout market since the 2008 recession due to income and affordability restraints.
[19:00] The virus and the government's response are two major contributing factors to set the tone for sellers and the recovery of the real estate market.
[20:15] What is the general tone of California, are people staying or going?
[24:45] We've seen a considerable adaptation of technology in the real estate industry.
[30:00] Buyers feel a sense of urgency without expecting deals, while sellers are reluctant to lower their prices.
[35:30] Jason and Leslie discuss the lack of supply and the building restrictions as one of the leading causes for a reduced amount of new homes being built.
[38:00] How could malls, retail space, and hotels change into residential units for affordable housing, senior centers, or homeless shelters?
[40:30] What shape will the recovery take on? V, square root, swoosh, or W?
[43:00] The work-from-home order will likely be huge for housing.
Fri, 14 August 2020
Dr. Bryan Taylor joins Jason Hartman as they rewind the clock 1,000 years to look at the history of interest rates and housing costs. The bubonic plague and the Spanish Flu have both had an impact on economics. How does this relate to Coronavirus?
Living in urban areas has historically been out of necessity. Currently, technological advances have taken away the demand for living in highly populated areas. Taylor and Hartman discuss the change in housing costs as influenced by the bubonic plague 800 years ago, but how reliable is this information?
[2:00] Are interest rates the lowest they’ve ever been in history?
[3:20] Government debt explained based on the influences surrounding World War II
[4:20] Did Paul Volcker make the right moves?
[5:30] Are interest rates too low? What’s the fallout?
[8:30] Prices are being controlled mainly by a lack of demand.
[12:00] Flashback 102 years to the Spanish Flu, what happened economically?
[16:00] Are we to face a repeat of the roaring ’20s?
[20:00] Technology has solved the necessity of living in urban areas.
[21:15] During the bubonic plague, 1/3 third of the population was wiped out, while the houses remained, causing the most significant housing price drop in history.
[25:25] How reliable is 800-year-old data?
Fri, 7 August 2020
Dan Millman, author of The Life You Were Born To Live, is here to discuss the loneliness epidemic as well as his recent book. The question that surrounds this discussion is, "What do I want to look back on five years from now, when this is behind us?" Dan and Jason discuss the challenges of constraints but the creativity that comes from it. How will people cope with the loneliness epidemic?
[0:00] Guest Dan Millman
[2:45] How will people cope with the loneliness epidemic? Will coronavirus impact our interaction with technology in a positive way?
[5:00] There’s a huge difference between not being able to eat, and choosing not to eat.
[8:00] Constraints breed creativity.
[11:00] Athlete’s understand the law of presence.
[15:15] Are we spiritually weight lifting now?
[17:45] Being at home, and less stimulated, is tuning up our RAS, reticular activating system.
[19:45] “Right now humanity is going through a transformation and no one promised that it will always be pleasant.” -Millman
[24:00] What do I want to look back on five or ten years from now? How did I treat this period?
Fri, 31 July 2020
Nobody wants to live in high-density areas anymore. It’s gone beyond the fear of coronavirus. Investment counselor, Doug, talks with Jason about Inflation, Inflation, Inflation. As well, Doug and Jason discuss the middle-class fiction. What is happening to our middle-class, and how can we learn to create wealth? Finally, rent is due, and residential tenants are paying, but are commercial real estate landlords having the same good fortune through pandemic times? Everyone is working from home, and most people are enjoying it.
[2:30] Nobody wants to live in high-density areas anymore. It’s more than just coronavirus urging persons to move to suburban areas.
[5:00] We are watching the ultimate collapse of the “middle-class fiction.”
[9:30] The whole middle class is being hollowed out.
[12:45] Rent stability seems to be almost on par with previous years.
[16:00] Commercial tenants are having a much bigger problem paying rent when compared to residential tenants.
[20:00] Inflation, Inflation, Inflation.
[26:45] If you give the government unlimited authority to deal with the climate, it won’t fix the climate. Instead, you’ll have an authoritarian government with an equal or worse climate.
[31:30] People can work remotely, and they like it!
Fri, 24 July 2020
The Mortgage Coach software was designed to help people analyze the mortgage as a part of the asset. Dave Savage and Jason Hartman walk through the four essentials that every family should know when getting into mortgage debt. This episode builds your strategy and understanding of mortgage as an investor or for your residence. Stay tuned for a quick walk-thru of refinance options and buy-downs.
[2:25] Start with Why? - Simon Sinek
[3:30] The four essentials that every family should know when getting into mortgage debt.
[5:45] How can we become debt-free faster, or invest the difference?
[9:10] Refinancing options.
[13:30] Breaking apart buy-downs.
[14:45] Points are just interest. You can pay interest in advance or monthly. When is it economically smart to pay points.
[19:00] Go beyond the rate sheet that your loan officer gives you to calculate your wealth potential.
Fri, 17 July 2020
Real Estate Star, Bryan Casella joins Jason Hartman from sunny California to share tips on getting started in real estate. This interview is all about having a top producer mindset. Bryan shares his story from pro basketball to real estate broker and the tips he’s learned about being on a high level of success. Bryan answers questions about what he studied to gain the knowledge and tactics he used to get ahead.
[2:00] How did you go from a professional basketball player to a real estate broker?
[6:00] “Getting started and door knocking was my claim to fame.” - Casella
[7:13] Were you prospecting in a sort of shotgun-style, or farming specific areas?
[8:45] In regards to career-advancing, Casella studied the greats and got certified in hypnotism. Mind and communication versus sales and techniques.
[12:00] Are you the agent concerned about the latest and greatest tech, shotgun, and sweat, or combining the two?
[15:12] It’s the Production versus Production Capacity balance.
Fri, 10 July 2020
Dr. Richard D. Wolff, professor of economics and author of Understanding Marxism, joins Jason Hartman today, discussing the global economic meltdown. Wolff shares his interpretation of marxism and why he believes that is has been poorly applied. As well, Hartman and Wolff discuss capitalism in America, the perception and the reality.
Wolff and Hartman discuss the disproportionate pay between CEO and workers. The CEO to worker compensation ratio has changed dramatically. Wolff states that a cooperative/directorship might work using the example of The Mondragon Corporation.
[2:15] Was Karl Marx's ideas applied wrong?
[8:45] "A liberal and a marxist are not the same things."
[10:30] What is a Marxist?
[12:45] Capitalism didn't make the break from fatalism and slavery that it thought it did.
[16:45] Did any country have genuine pure marxism?
[20:30] "There's a reason that a very small number of people are capitalists (entrepreneur) and a very large number of people are workers" - Wolff
[20:45] How do we solve the issue of disproportionate pay between boss/worker, redistribution?
[24:00] How would a company run with a representative republic, cooperative, or directorship?
[25:10] Successful Co-op, The Mondragon Corporation.
[31:45] What is the Yellow Vests Movement?
Fri, 3 July 2020
Adam Robinson is on the show today to dive deep into the collapse of a global market. It’s not just about inflation and deflation; it’s about understanding the collapse of the velocity of money. Now, the majority is trying to understand negative interest rates.
Adam Robinson returns to the show to further his discussion with Jason about macroeconomics. A system based on radical consumption is a losing battle. How has this shaped us, and how has the coronavirus changed how we eat, dress, consume, and even view real estate?
[1:00] Millennials, Gen Z, or people in the prime of their life can afford Manhattan and are looking to migrate away from high-density areas.
[3:00] Are we looking at a collapse in the global economy?
[9:15] What would the economy look like if everyone got a check for $100k?
[13:10] Inflation and deflation aside, what we care about, is the velocity of money, which has collapsed.
[15:45] With negative interest rates, we are paid to own gold.
[22:10] A system based on radical consumption is a losing battle.
[25:45] Let’s break away for a Google/Psychology session.
[31:00] Our home life has changed so much. How we eat, dress, and purchase, things have shifted because of the Stay-At-Home orders.
Wed, 1 July 2020
Founder of BRRRRInvest.com, Adam Jason, real estate attorney and BRRRR investor, joins Jason Hartman from Medellin, Colombia to discuss some different methods of real estate investing, particularly the BRRRR method! We also dive into the online deal analysis and legal solution he has specifically-crafted for BRRRR investors! Adam points out some key differences in rehabbing a home when the expectation is set for flipping versus renting. As well, Adam shares some experience working with contractors, and what you need to do to avoid certain problems.
[1:45] What does BRRRR mean? Buy, Rehab, Rent, Refinance, Repeat
[3:30] What is the reason for the renewed interest in the hold concept?
[5:00] The rehab market has different expectations for renting and flipping, explained by Adam.
[6:30] How do you get deal flow?
[10:20] What are some of the tricks of the trade for this method?
[12:00] What typical problems do you see with contractors?
[15:00] Working with contractors, incentives, penalties, and supply delays.
[18:00] What motivated your move out of the U.S. and to Colombia?
[22:30] Explain the landlord-tenant laws in Colombia.
Sat, 20 June 2020
Dan Franks joins Jason today as part of a client case study. Dan is a former CPA, happy to have handed off the CPA duties to someone else as he manages his investment portfolio. As a fellow podcaster, he understands the value of information through podcasting and is here to share his story as a twelve-year listener of this show, and real estate investor.
[2:30] Dan Franks, the first podcast ever listened to was Creating Wealth.
Now, the Podcast Movement
[8:00] How and where did you get started investing?
[9:30] What got you interested in real estate, and the podcast?
[12:00] What was step two for real estate investing?
[17:00] When hiring an accountant, it’s great to find out if they speak the lingo of someone involved in real estate investing.
[20:00] How did this transform from investment to real estate business for you?
[26:15] What are your goals with your real estate portfolio?
Fri, 12 June 2020
Expert of home inspections, Kathleen Kuhn, joins Jason Hartman to share what to look for and what’s most problematic in home inspections. Kathleen gives the 101 and the advanced tools needed to make sure that you get your home inspections done properly.
[1:00] Always get a home inspection, learn from the best, Kathleen Kuhn.
[1:30] What are some of the most common home inspection problems seen?
[3:45] Roof flashing 101, and its importance.
[6:15] In regards to home inspection, is there an ideal location, that is less problematic?
[7:45] Do you prefer a certain construction style as far as the quality of build?
[11:00] Understanding the prices of home inspections and add-on inspections.
[14:00] How do you mitigate radon?
[15:30] Requesting a re-inspection
[18:30] How has the use of drones changed the home inspection process?
Direct download: AIPIS_Kathleen_Kuhn_How_To_Do_A_Home_Inspection.mp3
Category:general -- posted at: 9:00pm EDT
Sun, 7 June 2020
Banks are worried, lenders are tightening up, and the overall mortgage process has changed. Aaron Kopelson discusses with Jason Hartman, some of the biggest changes he has seen in the last few months.
[1:30] One of the mortgage lenders' current biggest fears, and reason for tightening up, is an early payment default or a first payment default.
[3:00] What is a jumbo loan, and what defines the limits per market?
[5:00] There’s no appetite from investors that want to buy mortgage-backed securities for these non-QM loans.
[7:00] Real estate is a credit backed asset. When the financing starts to dry up, so do the prices.
[10:00] Nobody was paid to put the breaks on and look at where we ended up (2008 recession)?
[11:20] Fannie and Freddie are allowing for drive-by and desktop appraisals.
[14:25] Is mortgage insurance allowed on investment properties?
[18:10] V.O.E. Verification of Employment
[19:45] What’s an overlay?
Fri, 29 May 2020
Ellen Brown is today’s guest here to discuss Universal Basic Income, UBI. As well, she shares some interesting details about what happens to the money when a debt is paid. How did China increase its money supply by such a large percentage in two decades?
Guest: Ellen Brown, author of over a dozen books including, The Public Bank Solution, From Austerity to Prosperity
[2:30] What is a postal account?
[10:45] What is the end game of money spending?
[12:10] Money is lent into existence. Banks create the principal but they don’t create the interest, so debt always grows faster than the money supply.
[15:00] The real economy is always short of money because there’s a hole in the bucket that always drains into the financial economy.
[16:00] What is the financialized economy?
[20:20] Debt grows until it gets so high that people can’t borrow anymore, so they pay down their debts instead of taking out new debts. That shrinks the money supply. That goes into deflation which goes into depression.
[22:30] Money evaporates when it pays off the debt.
[26:30] All of our money is credit. China increased its money supply by 1800% in twenty years, and they did not run into hyperinflation. Find out more.
Fri, 22 May 2020
Escape to the suburbs! Jason Hartman and Evan Moffic discuss the changes approaching in how we look at our homes. With the benefit of work and school being just a few feet away from our beds, we are all looking to improve our homes. And for those that are currently renting an apartment in the high-density, urban environments, a move in the direction of suburban-living is looking more and more promising. Homebuilders are saying that they are already seeing the effects of this growing trend.
Fannie Mae and Freddie Mac are buying loans in forbearance and essentially they keep kicking the can down the road, delaying the inevitable.
[1;30] “Inflation is a disease of money, thus inflation may have become the oldest form of government finance…” - Jens O. Parrson
[7:00] Escape to the suburbs! All of the reasons why both present and past.
[9:00] People are cocooning in their house.
[13:30] Home improvement will climb as a home office and school space is needed, colleges will change their format, gyms will try new concepts.
[21:00] Homebuilders have seen sales jump as renters flee small urban apartments.
[24:30] Why Elon Musk is talking about moving Tesla out of California.
[27:20] FannieMae and FreddieMac are acting in a dysfunctional manner to bail out the system.
Fri, 15 May 2020
Jason Hartman and Rabbi Evan Moffic talk about the big migration out of high density areas. Starting in 2016 a trend of moving to low density areas started to grow and the pandemic has encouraged the departure from more densely populated areas. While these trends may rely heavily on the wants and needs of Generation Z, health issues and worker experiences might speed up the migration.
[4:00] Pandemic proved how densely we are living, and also how successfully you can live working remotely
[7:00] Starting in 2016, a trend of non-metropolitan counties were gaining population more-so than metropolitan counties
[9:45] A lot of the migration trends could depend a lot on Generation Z
[13:00] What led you to believe that this mass migration to lower density living would occur?
[16:40] The average population density (APD) of the U.S.A. is only 87 people per square mile
[17:28] The APD of metropolitan areas of the U.S.A. is 283 people per square mile, and the APD of New York City is 27,000 people per square mile
[21:30] The rise of socialism
[25:30] “Expansions make millionaires, recessions and depressions make billionaires”
[26:20] “In a recession or a depression, the person who wins is the person who loses the least”
Direct download: AIPIS_1441_Profit_From_Migration_Title_Wave__Big_Government_-_Evan_Moffic.mp3
Category:general -- posted at: 12:00pm EDT
Sat, 9 May 2020
Today, Jason Hartman discusses the Phillips curve and its relevance to our current economic situation. While we are all challenged in ways to adapt to our shelter-in-place advising, several benefits are being popularized out of necessity. Telemedicine, or telehealth, is growing rapidly, and not just for humans. Veterinary practices are using telemedicine for your pet's health as well.
Steve Hochberg returns to elaborate on the Elliott Wave. How do we know when we have too much debt, the U.S., or the individual?
[1:00] Is Kim Jong-Un alive?
[5:30] Telemedicine, we’re finally there
[8:00] The Phillips curve
[14:00] Monetary policy comes from central banks, and fiscal policy comes from the government
Guest: Steve Hochberg
[22:00] Everything the Fed has said they’re going to do has been backed by the Treasury. The treasury has pledged to cover any losses that the Fed is going to incur through their lending programs, and this can’t go on forever
[24:00] How do we know when we have too much debt?
[28:30] “I think there’s a huge bull market starting right now, and it’s the bull-market in cash” -Hochberg
Direct download: AIPIS_1448_Phillips_Curve_Elliot_Wave_Steve_Hochberg_PART_2.mp3
Category:general -- posted at: 12:00pm EDT
Wed, 6 May 2020
Jason Hartman shares sound advice on the top four reasons that a company fails. Steve Hochberg joins Jason to break down the methods of the Elliott Wave Principle. Listen to how the Elliott Wave Principle used collective investor psychology to predict 2020 stock market trends, without the influence of Coronavirus, as early as late 2019. Will we continue to see the stability of linear markets vs the volatility of cyclical markets, post-pandemic? Do recessions cause cautious businessmen or do cautious businessmen cause recessions?
[2:30] From a discussion: the four primary reasons a company fails
[4:00] Number one, FEAR - Faults, education, appearing, real
[5:15] Number two, mindset
[9:00] Number three, lack of connections
[11:30] Number four, Lacking systems and process
[15:20] What is going on in the financial world?
[17:00] Unfolding the Elliott Wave Principle
[18:20] “Late 2019, the U.S. economy had some very strong economic numbers, the social mood was very elevated, but there were some underlying problems going on”
[19:20] The yield curve: the three month U.S. Treasury bill yield minus the ten year U.S. Treasury note, had inverted, which was a key indicator in the last months of 2019.
[23:00] Cyclical vs linear markets, post-pandemic
[28:00] Do recessions cause cautious businessmen or do cautious businessmen cause recessions?
[30:00] An Elliot Wave is a hierarchical fractal, it has self-similar patterns at all degrees of the scale
[30:45] Why do you prefer the DOW over the S&P?
Direct download: AIPIS_326_1447_Phillips_Curve_Elliot_Wave_Steve_Hochberg.mp3
Category:general -- posted at: 9:00pm EDT
Fri, 1 May 2020
There’s no place like home. Jason Hartman interviews Dottie Herman on her track to success, from realtor to CEO. Dottie shares her experiences in New York post 9/11, and how this affected the overall mood of New Yorkers and how they wanted to live. What kind of conclusions about shifting mindset from Covid-19 can we draw about the American home? Even banks are scared about giving housing loans with so many jobs in the air. With the current credit problems and mortgage issues, housing prices in the near future are a big question mark.
[1:00] The escape plan around the world
[2:45] Check out shows on UN Agenda 21
[8:40] The current mortgage and credit problems might influence housing prices to drop
[12:20] “You don’t just turn a key and everything starts all over”
[12:45] Banks are double-checking if people have jobs, they are scared they are going to get burned
[16:10] In harder times, like post 9/11, people want to be with their families, and in homes that are comfortable and accommodating of their family.
[23:00] The millennial generation has different needs and wants in a home as compared to that of the baby boomers
[27:00] "If you really want to make money, and you really want to acquire wealth, you need to own real estate"
[30:30] When compared to stocks, real estate will always be here and easier to understand
[31:00] As Dorothy said, “there’s no place like home”
[32:00] Don’t be afraid to fail, and don’t be afraid of the word no
Fri, 24 April 2020
Beware of the 'invisible tax,' inflation. Jason Hartman discusses inflation, poverty, and work-from-home lifestyle and advantages. In these challenging times, what professionals are able to stay optimistic? How are the elites transferring wealth?
In part II of today’s show, Jason interviews Jessica Mah, founder of inDinero. Tune in for pro-tips on loan approval for PPP & EIDL. How can you optimize your time with loan delays, and get ahead of the game? And, don’t forget to prep for the end-game of these loans, will they be forgiven? Follow the rules and we shall see.
[3:15] There are two types of taxation that we are paying: 1) The tax that we see, income tax, sales tax, etc 2) The inflation tax, which destroys the purchasing power of our money
[7:30] People are being driven into poverty in this quarantine, making it very difficult for some to adjust to the work-from-home lifestyle
[13:30] “Tis the set of the sails, And not the gales, Which tell us the way to go.” -Ella Wheeler Wilcox
[16:00] How are the elites transferring wealth?
[19:30] Jessica Mah, founder of inDinero, helping entrepreneurs run better businesses
[20:50] PPP has run out? Only 6% of all applications have been approved by the SBA and funded.
[21:15] The SBA is saying the best option is to use the bank you are already with, although Jessica has seen more success getting a loan through smaller regional banks
[23:15] Have you seen success in getting loans with brokers?
[25:30] Every bank is accepting PPP & EIDL applications even though they’re both on hold due to running out of money
[26:45] How can you be successful at getting your slice of the bailout pie?
[18:30] Pro-Tips: Show your work; have an excel spreadsheet that shows how you came to your figures
[30:30] How difficult is the one-page application?
[31:00] The Magic Question, “What is all of the information you need from me in order for the bank to formally process my loan application and submit it to the SBA?”
[34:00] This loan could be forgiven if properly played out
[38:00] Encouraged to apply for PPP & EIDL, but PPP is the better of the two options for covering big payroll sheets
Direct download: AIPIS_1439_Jessica_Mah_inDinero_SBA_LOANS_PPP_EIDL.mp3
Category:general -- posted at: 10:00pm EDT
Mon, 20 April 2020
Our guest today returns to the show to discuss the looming recession due to the coronavirus. China is coming back online with products, but who will be on the receiving end? Jason shares predictions on the rise of suburbia and the ever-diminishing desire to live in high-density cities. Who will receive the U.S. bail-out?
[2:30] You can’t shut down the economy for even 90 days and expect to not have a major recession
[3:50] China is coming back online to some extent now
[7:48] Why would the U.S. bail out the cruise lines?
[13:00] The Federal Reserve is now a bond buyer and might soon become a stock buyer as well
[16:50] What’s to be made of all of the sudden CEO resignations?
[19:15] Expansions create millionaires but recessions create billionaires
[27:30] The rise of suburbia
Tue, 14 April 2020
Stay Calm, Keep Good Counsel, Keep Your Eye On The Ball, Take Action. Rinse, and repeat. Jason Hartman is joined in today’s episode with his co-host from the Solomon Success Show, Rabbi Evan Moffic. Evan brings up some challenging questions about a new potential tax break from the CARES Act. What does Trump bring to the table as our first RE President? Will there be a global currency or an ever-growing nationwide rental assistance program?
[1:25] New tax break, CARES Act, using depreciation to offset capital gains?
[5:20] Trump is the first RE President
[8:30] Herd immunity thoughts in the U.S.
[10:00] Public health is linked to the economy
[12:30] Stay calm, keep good counsel, keep your eye on the ball, take action
[23:00] Review from a listener, Andrew. Thank you!
[25:15] Will we go to a nationwide rental assistance program, like section-8?
[27:00] Will there be a push to a crypto-currency?
Wed, 8 April 2020
How have short-term rentals changed amid coronavirus? Jason interviews Evan on his recent short-term rental purchase and how bookings have changed. Once again, this proves the shift from high-density living environments to low-density dwellings.
Stay tuned in to hear from a local market specialist with details on Jacksonville, Ocala, Palm Coast and Atlanta. What information can we learn about current mortgage rates and how they compared to rates post 9/11?
[4:00] Closing on a potentially life-changing short term rental, with Evan
[7:30] Airbnb property manager is using dynamic pricing
[9:45] Lower density areas are perks for short-term rentals, especially if they are in driving distance from high density locations
[14:45] Real estate, if you can stay when others fold you’re really in good shape
[18:00] Part II - with local market specialist
[26:22] Current mortgage rates are better now than we’ve ever seen
[27:40] Updates on Jacksonville, Ocala, Palm Coast, Atlanta
Direct download: AIPIS_CW_1423_Airbnb_vs_Coronavirus_Market_Profiles_At_Jack_Palm_Ocala.mp3
Category:general -- posted at: 12:00pm EDT
Fri, 3 April 2020
Jason Hartman talks Real Estate Wholesaling with Lex Levinrad. Lex takes us through his work-flow and how his business spans real estate wholesaling, flipping, and rentals. Jason finds out how Lex is continuing to find foreclosure inventory and talks about the anticipation of changes in the next three years.
[1:26] Explaining wholesaling
[5:00] How are you finding foreclosure inventory, and is it more-so of a struggle currently?
[7:30] With current trends, short-sales will become a booming business again in the next couple of years
[9:30] What’s the step by step?
[12:55] Understanding the concepts of whole-saling, and the order of process
[19:30] No matter what you are doing, flipping, or wholesaling, remember to keep a couple of rentals as well
Wed, 1 April 2020
Almost speechless, Jason Hartman discusses financial strategy along with best/worst-case scenarios in dealing with the Coronavirus. The economy of planet Earth is possibly facing a global hibernation, how long will it last, and how will we recover?
In today’s second segment, Jason speaks with guest Drew Baker, about self-management tips and applications to ease some of the hassles. Drew speaks about his experiences with the value of quality tenants.
[2:51] The economy of planet Earth is going into hibernation mode
[4:08] “Buy on fear, sell on greed.” -Warren Buffet
[6:28] How do you recover from a couple of months sliced out of an annual GDP?
[8:15] Exploring best/worst-case hypotheticals
[12:05] Supply/demand shock
[14:00] Inflation Induced Debt Destruction profits to come
[17:30] Drew Baker
[18:43] Buildium vs Property Tracker
[23:00] A better quality tenant can make for an easier self-management experience, a lower quality tenant makes the property manager a little more needed
[27:00] A great tenant goes a long way
[32:00] Coronavirus, a baby-boomer bomb
Tue, 31 March 2020
Today, Jason Hartman unlocks one of the most powerful investment tools as an alternative to the 1031 exchange. The great thing about coupling an unsecured loan with a qualified intermediary installment sale is that you start with a new property and a new depreciation schedule.
Before this investment skill is revealed, Jason shares an update on the promise of the ‘federal’ reserve plan to keep the economy in shape. Beware of the elevator, even the NYTimes is talking about the population density problem.
[2:10] The US ‘federal’ reserve is taking the role of buzz lightyear, to infinity and beyond. They will provide unlimited asset purchases, with no limit to what they will do to prop up the economy
[5:32] Winning is a relative game: Here’s how you do it!
[9:35] “Density is really an enemy in a situation like this (coronavirus)” NYTimes Dr. Steven Goodman, an Epidemiologist at Stanford University
[10:10] Trump is going to reopen the US
[11:00] Chinese are cleaning their money, digital currency
[12:00] Everybody needs more room if we are going to be at home all the time
[14:25] Guest, Tom
[16:45] If you do an installment sale, you pay taxes on an annual basis
[19:15] Why is a QI (qualified intermediary) needed?
[25:50] The great thing about coupling an unsecured loan with a qualified intermediary installment sale is that you start with a new property and depreciation schedule
[28:50] Don’t forget the rule of 72
[33:10] This can be a rescue from a 1031 exchange that isn’t working out
Mon, 30 March 2020
George Gammon interviews Jason Hartman about The Jason Harman Risk Evaluator. In Part I of this three part series, Jason describes his ‘aha moment’ after 19 years of experience in Real Estate. The story begins with a call from Jennifer, an insurance agent in Irvine, California that leads to the necessity and application for understanding the LTI (Land to Improvement ratio).
George Gammon shares an exhausting experience with lot subdivision and development. Eric, the appraiser comes out with good news prompting the question, “how would you allocate the new value between the two primary components, land and improvement?” Jason also shares a modern day story taking place in Seattle, proving once again the risk of investing in a cyclical market.
[2:20] “No such thing as a passive investment”
[4:03] The Hartman Risk Evaluator, LTV and LTI ratios discussed
[7:28] The call from Jennifer, the insurance agent
[9:45] What factors increase improvement value
[19:38] The ingredients of a house, labor costs
[30:06] The ingredients of a house, regulations
[33:20] The ingredients of a house, cost of energy
[35:05] “How do I know the land value vs the improvement value?
[47:45] The risk when investing is in high land values
[48:26] Three types of markets: linear, cyclical and hybrid. What market is a preferred market for investing?
[53:00] Low land value equals low risk, high land value equals high risk
[58:10] Human biases: recency bias, sunk-cost bias, and certainty bias can all distract an investor
Sat, 28 March 2020
Do the Due! Do your due diligence. Jason Hartman speaks with investment counselor Adam Schroeder about key aspects of income property investing including; checking home prices and contacting the Tax Assessor. The two give insight on working with lenders and the importance of home inspection and re-inspection.
[4:00] Where to find pricing: MLS, Zillow and Tax Assessor
[9:10] Pictures can be insanely misleading. Sometimes, it’s not even the same house.
[14:25] A quick call to the country tax assessor can give you a ballpark estimate on taxes for an investment property.
[19:35] Lender deals can change due to dynamics of reevaluations.
[24:00] The licensing laws vary from state to state, check the requirements for you state
Wed, 25 March 2020
Jason Hartman and Rabbi Evan Moffic take a look at America's one affordable trophy city: Chicago (which just so happens to be where Evan lives). The two explore the things going on in the area that are helping drive business and helping investors in the area make some good money.
Then Jason and Evan explore the Memphis market and what the two like about the future of the city.
[8:14] YouTube offers the ability to learn anything
[12:01] Chicago is the only cheap, iconic city in America
[15:50] Democrat leaders in Chicago have still been pro-business
[18:48] 2 big things that are happening in Chicago right now that are good for investors
[21:55] Evan's thoughts on the Memphis market
Mon, 23 March 2020
Jason Hartman talks with Jonathan Slain, a high growth leadership coach, founder of www.Recession.com, and author of Rock the Recession, about how to prepare your business to ensure that you not only survive, but thrive through recessions. Having a war chest BEFORE it starts is absolutely crucial to your continued success, so make sure you have a plan and rock your way through any recession.
[2:08] How do you grow during a recession?
[5:59] You can increase your business significantly by spending into a recession
[11:39] Make sure you have a recession plan BEFORE the next recession
[14:22] Why Jonathan thinks a pullback will happen in 2020
[17:55] Examine your business to find what you can do that will make your competition irrelevant
[21:40] The big opportunities lie on the fringes of creativity
Fri, 20 March 2020
Jason Hartman and Lisa take a look at the phenomenon that's sweeping homebuilders across the country: build to rent. It's something that's not been done before and that Jason takes as a very positive sign for renter growth moving forward. Jason and Lisa then discuss whether the differences between new builds and renovated properties before moving into some market profiles in Florida and Oklahoma City, where we are happy to be venturing back into.
[2:10] What the build-to-rent phenomenon means the builders are thinking
[5:43] Even Toll Brothers is getting into the Build-to-Rent phenomenon
[11:42] Jason's thoughts on appreciation of new home builds vs renovated properties
[17:04] A clip on the growth going on in Florida. The new Texas?
Fri, 28 February 2020
Super-Monday, the youngest Creating Wealth listener and a letter about money from the late great Kobe Bryant. Today, investment counselor, Naresh returns with questions for Jason about a few investment properties in “The Vegas of the South,” and Citrus Springs Florida. Jason embellishes on the recurring real estate investment theme of “Refi ‘till you Die.” And finally, the importance of understanding ROA (Return On Amortization).
[4:28] A Fourplex, new home construction deal!
[7:05] Tunica Resorts property, the Vegas of the South
[8:32] 32% return on invest IS a conservative number in a multidimensional asset class
[8:50] How To Analyze an Asset Class, Free Video - JasonHartman.com
[9:45] Advice on money, from a letter that Kobe Bryant wrote
[15:30] “Refi ‘till you Die” plan
[16:20] ROA return on amortization
[26:50] Citrus Springs Florida
Sun, 16 February 2020
Jason Hartman’s investment counselor, Adam Schroeder, talks with one the network’s lenders to discuss what mortgage rates are in today’s market. The two discuss current events and the impact that those events might have on available rates with the hypothetical purchase price of $100,000.
Fri, 14 February 2020
Jason Hartman talks with Sharon Lechter, former CEO of Rich Dad & Pay Yourself First and author of Success & Something Greater: Your Magic Key, about her experiences with both the Rich Dad company and the Napoleon Hill Foundation. Sharon provides unique insights into the impact both organizations have had on society today, as well as what she has discovered success means for various people.
[3:33] Napoleon Hill one of the original self-help authors?
[7:48] The different types of success Sharon saw while writing her latest book
[10:09] Why the man who sold the patent for the jet ski for $75,000 doesn't regret it
Fri, 7 February 2020
Jason Hartman talks with Pat Hiban, author of Tribe of Millionaires: What is One Choice Could Change Everything? and co-founder of GoBundance, about the multiple effects that are in our lives and how we can situate ourselves in a way that we can live our best life.
[3:34] Be careful in good times like these that you're not dealing with people who are just skimming the cream off the top and won't be here for you when things turn
[15:36] The "one sheet" idea Pat uses in his masterminds
[19:02] The Connection Effect
Fri, 31 January 2020
Jason Hartman and investment counselor Carrie discuss two properties that are available through the network right now that are definitely worth a look. Listen in to hear about how properties in Maryland and Mississippi might make good additions to your portfolio!