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

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

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

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

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

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

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

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

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

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