Accredited Income Property Investment Specialist (AIPIS) (general)

Jason Hartman talks with Barry Habib, renowned mortgage industry executive and founder of MBS Highway, about what to expect in the mortgage world in 2018. The two discuss why the media doesn't seem to get real estate, why real estate appreciation doesn't have to match stock market appreciation, mortgage tax deductions, and how the Roe v Wade decision actually impacted a housing bubble.

Key Takeaways:

[1:18] Is Barry still bullish the US real estate market?

[5:23] The power of leverage, when a 6% return can dwarf 20%

[9:12] The interest you pay for your house goes to the lender, but the principle is STILL YOUR MONEY

[11:37] How much Barry expects mortgage rates to rise in 2018, and how it impact appreciation

[12:42] Why aren't people taking the mortgage tax deduction?

[14:23] The bullish sentiment is the highest it's been in about 20 years

[18:33] How Roe v Wade led to a housing bubble

Website:

www.MBSHighway.com

Direct download: AIPIS_239_Barry_Habib.mp3
Category:general -- posted at: 5:01pm EDT

Jason Hartman talks with Cullen Roche, founder of Pragmatic Capitalism, about macroeconomic events going on today, how Cullen studies the markets, why bonds are more attractive than many believe, and the investment strategy you have to adopt when investing in cryptocurrencies today. The two also take a look at the banking industry, money supply, and asset inflation.

Key Takeaways:

[2:12] What does Pragmatic Capitalism really mean?

[10:45] The macro-economy still looks healthy

[13:59] Cullen looks at the economy like an engineer in order to try and understand what's going on

[17:37] Bonds are probably more attractive than most people believe

[20:29] Cryptocurrencies have become a "greater fool theory" investment

[24:51] Asset inflation is real and it's becoming harder and harder to get into the investor class

[29:09] The banking industry is what creates most of the money in our economy

[31:27] One of Cullen's outlandish theories

Website:

www.PragCap.com

Direct download: AIPIS_238_Cullen_Roche.mp3
Category:general -- posted at: 12:00pm EDT

Jason Hartman talks with Mike Moyer, creator of Slicing Pie, about how to partner with people on startups and real estate investing in a way that fairly incorporates everything people bring to the table. The two discuss the need to factor in work, cash, ideas, goods, etc when valuing contributions, as well as the multipliers for each faction depending on their scarcity.

Key Takeaways:

[2:08] You have to go into a startup with the knowledge that you can lose all of your money

[3:09] How would you use Slicing Pie in a real estate deal?

[7:17] Why there's a difference between cash & non-cash contributions when you're slicing

[10:12] The reason there are multipliers in slices is so that there are consequences if someone leaves the pie

[13:35] Why time based vesting isn't the way to go

[16:04] What is Mike's definition of a startup?

[21:20] What are all the ways you can get a slice of pie in a company?

[25:29] How do you get started slicing pie?

Website:

www.SlicingPie.com

Direct download: AIPIS_237_Mike_Moyer.mp3
Category:general -- posted at: 9:24pm EDT

Jason Hartman is happy to bring one of his clients, Adam Jackson, on to the show to talk about his journey into real estate investing. Adam started buying properties toward the end of 2016, and has subsequently purchased 11 homes in the past year on his quest for financial freedom.

Adam shares what markets he's currently invested in, where he's looking to expand, keeping score with personal financial statements, and keeping a healthy balance.

Key Takeaways:

[1:47] Who is Adam Jackson?

[7:26] Where Adam bought his first property, and why

[9:36] Why Adam chose to buy a home with cash

[17:26] When you suffer through an expensive repair, remember that your loss is shared by the government on your tax return

[20:03] How to keep score via financial statements

[24:57] The P vs PC Balance

[28:03] Adam's attempt at the abundance mentality and trying to pass along whatever wisdom/money/time he can

[31:44] Focusing on a few things in-depth is better than a little bit of everything

Website:

www.JasonHartman.com/Properties

Direct download: AIPIS_236_Adam_Jackson.mp3
Category:general -- posted at: 6:07pm EDT

In part 2 of Jason Hartman's interview with his client Sean, the two discuss how to deal with people who are taking advantage of you. Sean & Jason talk about how apps are allowing people to cut out fraud from providers, and how it's our job to protect other people from bad apples by filing complaints and letting as many people know as possible.

Key Takeaways:

[2:31] Some apps out there are cutting down on overzealous hourly billing

[7:45] Filing complaints against other parties

[11:59] You can always learn lessons from other people's (or your own) bad situations

Website:

www.JasonHartman/Properties

Direct download: AIPIS_235_Client_Sean.mp3
Category:general -- posted at: 9:58pm EDT

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.

Key Takeaways:

[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

Website:

www.JasonHartman.com/Properties

Direct download: AIPIS_234_Sean.mp3
Category:general -- posted at: 12:00pm EDT

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.

Key Takeaways:

[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

Website:

www.AHPFund.com

www.DebtCleanse.com

Direct download: AIPIS_233_Jorge_Newberry.mp3
Category:general -- posted at: 4:54pm EDT

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.

Website:

www.HomeeOnDemand.com

Direct download: AIPIS_232_Sara_McFarland.mp3
Category:general -- posted at: 3:07pm EDT

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.

Key Takeaways:

[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

Website:

www.NHPFoundation.org

Direct download: AIPIS_231_Richard_Burns.mp3
Category:general -- posted at: 3:13pm EDT

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.

Key Takeaways:

[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

Website:

www.ShankMinds.com

www.FasterThanNormal.com

Direct download: AIPIS_230_Peter_Shankman.mp3
Category:general -- posted at: 9:18pm EDT