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
Fri, 9 March 2018
If you want a story of someone who started with nothing and ended up with everything, Tom Cafarella is your man. Jason Hartman talks with Tom about his experience starting out in real estate with no money, how he worked his way up, how he sources his properties, how you can evict tenants in tenant friendly areas, and more.
[2:09] Tom's journey to leave corporate America (which started immediately upon entering)
[7:02] Tom's first fix and flip deal
[9:59] Flippers may have spending money, but buy and hold investors accumulate real wealth
[14:18] How is Tom sourcing his properties?
[17:56] Suggestions for evicting in tenant friendly municipalities
[19:30] Should you have a real estate license when you start wholesaling?
Fri, 2 March 2018
Jason Hartman talks with Daniel Amerman, CFA, about the need for legitimate economic data and whether we can get any of that from the government. The two also take a deep look at our nation's rising debt and what that means for the US currency moving forward.
[2:42] Daniel recently reverse engineered the Congressional Budget Office's long term economic outlooko
[6:32] Is the CBO a credible source of information?
[8:41] Technically there's no such thing as an unfunded liability
[13:47] What does a heavily indebted nation mean for the investor?
[15:57] "It's crucially clear that, when you have a $20 trillion national debt, that interest rates can't rise too much"
[19:48] Why Jason hates hedonic indexes
[23:39] There's a lot of inflation that we either don't see or we don't acknowledge
[28:12] A 2% higher rate of inflation is magic for maintaining financial solvency
[31:23] When everyone learned that stocks were the magic wealth building machine they bid the prices of stocks so high the dividends crashed, which ruined the wealth creation
[34:02] Daniel is a huge fan, not of income property, but of the mortgage
Fri, 23 February 2018
Jason Hartman went on The Financal Survival Network with Kerry Lutz on October 16, 2017, to discuss what's going on in real estate around the country, if we're approaching the top of the market, what's happened to the banks that were "too big to fail", Blockchain technology, and more.
Host Kerry Lutz and Jason also take a dive into the mortgage crisis of 2008, and whether it could make a comeback in today's environment.
[2:46] Where are the assets?
[7:22] Why it's important to remember that you can't hear the dogs that don't bark
[9:27] Too big to fail has gotten even bigger
[12:54] Jason saw the first part of the mortgage crisis coming, but didn't see the second part that involved Wall Street coming at all
[17:57] Blockchain technology is phenomenal, but it's not Bitcoin, which you HAVE to remember
Fri, 16 February 2018
In this 10th episode interview, Jason talks with serial entrepreneur Peter Sage, author of 5 Keys to Master Your Life, about his recent 6 month stay in jail and how he was able to use that as a teaching (and learning) experience for himself, the inmates, and his students.
The two touch on the importance of identity, the need for ego strength & ego drive, what drives people, and more.
[2:49] Peter's latest "adventure" that landed him in jail
[7:15] Identity plays a huge part in how you deal with life
[13:06] Peter's idea of a "contrast frame"
[15:23] Why do people give up at the first sign of adversity? The difference between ego strength & ego drive
[17:34] Most people are driven by G.O.O.P.
[21:57] We need to learn how to love more
Sat, 10 February 2018
Jason talks with Jeff Meyers, President at Meyers Research, about the state of the housing market across the USA, and how much runway the market might have. They also discuss whether millennials are finally ready to buy their first houses, and the incredible impact the self-driving car will have.
[2:13] Are the millennials finally entering the home buying market?
[5:04] There's been a long economic recovery, but housing hasn't led the way so Jeff sees more runway
[9:43] When did the real recovery from the Great Recession begin, and how does it affect where we are in the housing cycle?
[12:24] Mortgage lending is getting tighter than ever, with the average FICO score on each loan being 720 (the banks are allowed to loan at 680)
[13:56] The self driving car could cause a resurgence of the suburbs, but it will DEFINITELY be a game changer for real estate (perhaps like how Amazon has changed the retail industry)
[17:09] The cottage industry that could spring up out of the emergence of the self driving car