Fri, 8 June 2018
AIPIS 234 - Client Case Study, Avoiding Bad Investments By Following Jason's 10 Commandments with Sean
In Part 1 of this client case study with Sean, Jason Hartman discusses the beginning of Sean's real estate investing career and the mistakes he made. Sean ended up with 6 figures worth of debt when the great recession hit, and he admits it's because he made some terrible decisions. Jason and Sean look into why they were bad decisions and how Sean and his wife have been able to dig out of that hole and continue to invest in real estate.
The two then begin their discussion on property managers and what to do when repairs are needed. Part 2 will be next week.
[3:10] Real estate investing allows Sean to supplement his acting income and not have to stay in one place
[8:03] Sean & his wife got caught up in the Florida FOMO and kept him from doing more real estate until 2013
[13:26] What part of Jason's investing philosophy really opened Sean's eyes
[16:51] Sean's personal philosophy on the markets he's investing in
[21:00] Only accept invoices from vendors, not from managers
[24:51] Make sure you find a trusted handyman
Fri, 1 June 2018
Jason talks with Jorge Newbery, author of Debt Cleanse: How to Settle Your Unaffordable Debts for Pennies on the Dollar, about fake news, erasing debt, the creation (and destruction) of bubbles, and what to do if you're in trouble with a loan.
[1:52] How Jorge got into the real estate business, and was taken down by a single ice storm
[6:12] The City of Columbus, OH wouldn't let Jorge's renovations pass inspections
[10:22] A fake news story about Jorge being investigated turned the public against him and his renovations
[14:39] Why Jason is okay with the strategic default practice, even as a lender himself
[16:05] In his quest to erase his $26 million in debt, Jorge found an error that erased $5 million of it, which led to a startling revelation
[20:05] Our whole society is set up to create massive bubbles that burst and allow the powers that be to buy assets for pennies on the dollar while we blame ourselves for the situation
[22:11] The wealth concentration in our nation is becoming untenable
[23:46] The #1 piece of advice for if you're in trouble with your loan
Fri, 25 May 2018
Homee on Demand is a new app that's aiming to make property management from afar easier than it's ever been before. Your tenant can alert you to a problem, send you a picture of the issue, you can get a quote, and verify the issue is taken care of.
Listen in as Sara McFarland gives a rundown of the service, how they ensure you don't get ripped off, and how you can best use it in your portfolio.
Fri, 4 May 2018
Jason Hartman talks with CEO of the NHP Foundation, Richard Burns, about the affordable housing crisis in the United States. The current method of creating affordable housing isn't working for anyone, but Richard thinks there's a way that it can be solved that benefits all parties.
[1:36] What solutions are available for affordable housing?
[4:29] The two components of real estates value
[6:12] We are nowhere near meeting the affordable housing demand, so what do we do?
[10:09] Where did the high paying, real careers go that made people end up in careers that were meant to be stop-gap jobs?
[12:16] What does Richard's non-profit do?
[15:51] Richard's thoughts on rent control
[17:42] What the Baby Boomer survey showed
Fri, 27 April 2018
Jason Hartman talks with Peter Shankman, author of Faster Than Normal: Turbocharge Your Focus, Productivity, and Success with the Secrets of the ADHD Brain, about how people with ADHD can use it to their advantage, what actions people need to take in order to be successful in their ventures, how to figure out what your audience wants, and when to ignore your audience.
[3:08] How is ADHD a benefit?
[5:35] It's important to set up your life in a way that doesn't allow you to get derailed, and the 4 undeniable ADHD life rules
[8:39] You can lead the life you want, you just have to be willing to make the trade offs
[12:47] Your audience will tell you what they want and where they are, if you're willing to listen
[14:42] The only time you want to ignore what your audience is saying they want is when you're a part of a big market disruptor
Fri, 20 April 2018
AIPIS 229 - What Rising Interest Rates Mean & Smart Government Investing with Richard Duncan, Part 2
Jason wraps up his interview with Macro Watch's Richard Duncan. The two tackle the topic of rising interest rates, better uses for going into further debt than giving it to tax reform, how the Fed will react to a tanking stock market, and what we can expect to see over the next few years.
[00:45] What people don't realize about interest rates
"People buy houses on a payment, not a price"
[1:56] What the Fed will do if the market drops 10% and what else will happen if it drops 20%
[5:15] What Richard wishes the government had done with the $1 trillion in new deficits that will occur from the new tax reform
[9:50] Why Richard thinks the government can invest as wisely as private companies
[14:16] What are the next few years going to look like?
[16:49] People need to get very familiar with quantitative tightening
Fri, 13 April 2018
AIPIS 228 - Asset Inflation and Millennial Investing Habits with Macro Watch's Richard Duncan, Part 1
Jason Hartman welcomes Richard Duncan back to the show to discuss what's going on with fiscal policy and interest rates right now. In the first half of the interview Richard talks about how the trade imbalance with China has enriched the nation and brought millions out of poverty, as well as how the general public has no idea how much the Fed is actually tightening, and how that will impact interest rates.
[3:04] Jason's theory on asset inflation and what it means if the millennials don't join the investor class like the baby boomers did
[5:41] Why the future from an Asian perspective is much brighter than from a US perspective
[7:50] Who's gotten the better end of the China/US trade imbalance?
[13:27] Richard believes the Fed is tightening more than people are understanding
[17:36] The Fed has been destroying at least $10 billion a month since October 2017 and it's going to get bigger
[20:11] The Fed will have destroyed $1 trillion by the end of 2019 if they follow through on their announced plan
[22:20] Is the Fed likely to make a course correction if rates go too high?
Fri, 6 April 2018
Jason Hartman talks with Jason van den Brand, CEO & Co-Founder at Lenda, an online mortgage platform. The two of them discuss the current status of the mortgage market, what kind of easing or tightening we might see in the near future, how Lenda is able to cut fees in the lending process, how to get a rate quote, and more.
[1:24] What is Lenda?
[4:07] What Lenda is expecting to happen in the mortgage market this coming year
[8:38] The loans that are available through Lenda
[13:23] What you need to do to get a rate quote
[16:40] Is mortgage regulation going to loosen in the near future?
[19:06] Does Lenda have the same fees as conventional lenders or do they differ?
Sat, 24 March 2018
Jason Hartman talks with Flavia Berys, host of the Lifestyle Solopreneur podcast and teacher at Landlord Prep, about the current legal landscape of short term rentals. The fight between residents and landlords of short term rentals isn't going to end anytime soon, but Flavia has her finger on the pulse when it comes to what's happening right now.
Flavia discusses where to find good, long term tenants, and gives some tips on how to properly manage your properties to get the best reviews from your tenants, and keep your things safe.
[3:56] What is the status of STRs in California
[6:14] The issue of laws for STRs and property rights of the owner
[12:44] 2-3 month long rentals for traveling professionals is a great market, but where do you find them?
[15:29] You need to decide what amenities to offer from the onset
[18:46] How Flavia uses her security system, and how you have to deal with cameras and your tenants
[21:34] How remote Flavia manages her properties, and a reminder that being a STR host is MUCH more personal than being a landlord
Fri, 16 March 2018
Jason Hartman takes this episode to delve into some important happenings in the real estate world today. Some of Trump's recent moves have been bringing jobs back to the states, and companies are expected to bring money back, and it's creating good times for a lot of people.
With that good time comes something every real estate investor can enjoy, rent inflation. BUT, when times are good it's important to be vigilant with your providers and make sure they're not getting lazy.
[3:58] Jobs are coming back to America
[7:27] Rent inflation is coming
[12:46] As a real estate investor, it's critical that you remember who your customer really is (hint: it's the tenant)
[16:05] In a booming economy, the big job as a real estate broker is the job of sorting people out
[20:12] Sometimes the booms can make providers a little sloppy, so it's important to stay on top of property managers and the like