Accredited Income Property Investment Specialist (AIPIS) (general)

Jason Hartman talks with Paul Moore, author of The Perfect Investment: Create Enduring Wealth from the Historic Shift to Multifamily Housing, about what demographics are telling the two of them about the next decade for landlords, as well as home ownership rates and the current habits of both baby boomers and millennials.

Key Takeaways:

[1:46] How the demographics for the next decade looks for landlords

[3:44] Where Jason believes home ownership rate should be

[5:59] The faster growing demographic of renters is the baby boomers

[8:59] Millennials are renting in large numbers, partially thanks to the portability society

[12:55] What investing really is and other investment philosophies

Website:

www.WellingsCapital.com

The Perfect Investment: Create Enduring Wealth from the Historic Shift to Multifamily Housing

Direct download: AIPIS_256_Paul_Moore.mp3
Category:general -- posted at: 3:31pm EST

Jason Hartman talks with Mitch Stephen, author of My Life and 1,000 Houses, on Mitch's start in real estate, the importance of not having 100% occupancy, how to determine if your market is overbuilt, doing due diligence, and more.

Key Takeaways:

[2:38] Is self-storage overbuilt? How Mitch tries to minimize his competition

[8:05] Self-storage facilities can go up really quick, is it better to buy an existing or build a new one?

[12:45] Jason's revelation about commercial vs self-storage real estate back in 2010

[16:20] Why you never want to be full in any sector of real estate investing & what you should do if facilities in the area are full

[19:49] Some of the due diligence Mitch does when looking for a facility to buy

Website:

www.REInvestorSummit.com

Direct download: AIPIS_254_Mitch_Stephen.mp3
Category:general -- posted at: 11:00am EST

Jason Hartman talks with Nick Vertucci, author of Seven Figure Decisions and founder of NV Real Estate Academy, about Nick's journey through the real estate world after his tenure in the tech industry. Nick spills the details of his change and why he switched from selling and flipping to educating. The two discuss the downsides of real estate, but also the incredible rewards that can come if you stick with it, make decisions and keep moving forward.

Key Takeaways:

[1:20] Nick's journey from selling and flipping real estate to the education side

[7:48] Nick's first realization that he was making 7 figure decisions, and what true leaders all have in common

[10:50] Real estate isn't perfect, and it isn't easy, but it can bless you significantly

[14:32] Whether it's full or part time, have the entrepreneurial spirit and go create wealth

[16:25] Decision making is one of the most important things a successful person has to have

Website:

www.NVRealEstateAcademy.com

Seven Figure Decisions

Direct download: AIPIS_253_Nick_Vertucci.mp3
Category:general -- posted at: 12:00pm EST

Jason Hartman plays some of his segment from the latest Cash Flow Wealth Summit where he talks about the 6 ways the US government can solve their $220 trillion obligation and which one we can take the most advantage of as investors.

Key Takeaways:

[2:57] The difference between money and currency

[5:50] The 3 basic economic maladies

[8:01] The entitlement society isn't going to change, so align your interests

[9:45] We must understand the motivations of governments and central banks

[11:43] The 6 ways the government can deal with the looming entitlement bill

[19:23] The most likely solution the government will choose

[23:02] Inflation is the most powerful method of wealth redistribution from lenders to borrowers, old to young

Website:

www.JasonHartman.com/Properties

Jason Hartman's Flash Briefing

The PropertyCast

Direct download: AIPIS_252_6_Reasons.mp3
Category:general -- posted at: 6:16pm EST

Jason Hartman talks with Joe Melendez, Founder & CEO of Value Insured, which features a new product that can reimburse homeowners up to their full down payment if the market went down when they sold their house. The two discuss the lack of inventory in the entry level home market, the hazards of regulation on today's market, and how Value Insured is able to work to help home owners.

Key Takeaways:

[2:30] The entry level home market has been completely shut out from new home construction

[5:55] How to encourage builders to builder entry level homes

[9:50] Where is all the manufactured housing that people have been expecting?

[12:43] Equity insurance for the homeowner

[19:17] The math behind the equity insurance

[24:02] $60/year for equity insurance seems to say that Joe is bullish on the housing market. Is that true?

[27:11] When will the equity insurance for investors be available?

Website:

www.ValueInsured.com

Direct download: AIPIS_251_Joe_Melendez.mp3
Category:general -- posted at: 9:09am EST

In this 10th episode, Jason Hartman talks with Steven Landsburg, Professor of Economics at Rochester and author of Can You Outsmart an Economist, about the big economic questions of the day. Steven explains why central planning will never work, the "Economic Berlin Wall" Jason proposes, and why more sex is safer sex (and how that applies to economics).

Key Takeaways:

[5:25] It's virtually impossible for central planners to get economic issues right

[9:55] How minimum wage is taken care of by the Earned Income Tax Credit

[13:14] The "Economic Berlin Wall" in today's society

[22:55] Using economics when considering the world's population

Website:

www.TheBigQuestions.com

www.JasonHartman.com/Events

Direct download: AIPIS_250_Steven_Landsburg.mp3
Category:general -- posted at: 10:16am EST

Jason Hartman talks with client Diana Dine about her experience investing in real estate. Diana just recently bought her first home and is now up to 5 properties between Jackson and Memphis. She recently went to both cities to meet with the Local Market Specialists and discusses her future plans as she moves toward her financial independence.

Key Takeaways:

[2:15] Why did Diana get interested in real estate?

[6:16] Diana decided to buy her first property at the 2018 Meet the Masters

[7:35] Diana's experience meeting the Local Market Specialists

[12:05] How many properties Diana thinks she needs to reach financial independence

Website:

www.JasonHartman.com/Properties

Direct download: AIPIS_249_Diana_Dine.mp3
Category:general -- posted at: 5:47pm EST

Jason Hartman talks with Matthew Gardner, Chief Economist at Windermere Real Estate. The two discuss what's going on in the macro US economy, what's going on with home inventory levels, some of the easiest ways to lower home prices, and the Millennial's (mostly futile) quest to save up for a down payment. They also discuss the lack of home inventory and why the loosening of credit regulations isn't going to impact home sales as much as some are hoping. Then they also delve into millennials trying to afford homes and WHERE they can actually afford to live.

Key Takeaways:

[1:18] What's Matthew's take on what's going on in the macroeconomy

[4:06] What's going on with new home development? Will there be any break in inventory shortgage?

[8:19] The easiest way to lower home costs and ease the inventory crisis is by easing regulatory burdens

[11:54] Millenials are having a hard time saving up for a down payment and are asking for a loan from the bank of Mom & Dad

[14:39] Milennials want to live in the "exurbs" in townhomes, but home prices are pushing them out further

[17:05] It's taking a credit score of 740 to get a mortgage loan these days, but even if more people become eligible there's no inventory

[20:16] Factors that could trigger the next business cycle recession and what the next recession might look like

[24:34] Who are the "Boomerang Buyers" and how might they impact the single family rental rate growth?

Website:

www.Windermere.com/Economics

Direct download: AIPIS_248_Matthew_Gardner.mp3
Category:general -- posted at: 4:11pm EST

Jason Hartman talks with 24 year old real estate investor Ben Mizes, co-founder of Clever Real Estate, about how he got started in the business, what lessons he's learned over his time in the industry, and what technologies he's using to keep up with all his properties. Ben also gives a few best practice tips to those who want to get involved in real estate like he is.

Key Takeaways:

[1:23] How Ben became interested in real estate

[5:23] Ben's deal experience as he started growing his portfolio, and why his 2nd deal may have been his most important

[9:34] Ben's thoughts on what's happening in the real estate industry as a whole

[13:10] Best practices when managing your own properties is to make sure you make your expectations very clear with your tenants

[17:45] If you don't do a good job with repairs it makes managing the building that much harder

[20:05] The two main technologies Ben is using for his real estate, and one hack Ben uses to allow his tenants to pay cash

Website:

www.ListWithClever.com

Direct download: AIPIS_247_Ben_Mizes.mp3
Category:general -- posted at: 6:00am EST

Jason Hartman talks with Dr Andy Krause, Principal Data Scientist at Greenfield Advisors and AVM Analytics, about the state of automated valuation models (AVMs), the potential future for AVMs, how they work, and what practicalities are slowing their development down. The two also discuss the wide range of uses AVMs have, how they're going to be changing moving forward, and how short-term rentals are impacting housing markets across the country.

Key Takeaways:

[1:16] The biggest AVM people know about is Zillow

[2:18] The science (and accuracy) behind current AVMs

[5:11] 2 things that are stopping a database from happening that would significantly improve appraisals

[9:42] How does the AVM come up with a value?

[15:17] What the AVMs do outside of simply valuing individual homes

[17:38] The future of AVMs

[20:57] The effects of the short-term rental market on the overall housing market

Website:

www.GreenfieldAdvisors.com

www.AVMAnalytics.com

Direct download: AIPIS_246_Andy_Krause.mp3
Category:general -- posted at: 8:34pm EST