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 EST
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 EST
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