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.