Accredited Income Property Investment Specialist (AIPIS) (general)

For this 10th Episode, Jason Hartman talks with author Dan Millman about his new book The Hidden School and his best-seller The Peaceful Warrior.

The two discuss Dan's spiritual search, the difference in Eastern and Western cultures, the difference between selfish and Selfish, and other philosophical questions.

Key Takeaways:

[2:42] How Dan's new book fits in with his original book The Peaceful Warrior

[6:46] The importance of travel

[11:35] The power of media

[15:50] It's important to think of the more existential questions in life

[21:18] How understanding and understanding that we're all connected helps us

Website:

www.PeacefulWarrior.com

Direct download: AIPIS_210_Dan_Millman.mp3
Category:general -- posted at: 12:59am EDT

Tyler Sheff, host of the Cash Flow Guys podcast, invited Jason Hartman on his show to discuss the different market types in the USA, and got some tips on remote managing as well. Jason explains that the stigma behind buying homes sight unseen, as well as self managing properties a thousand miles away, has abated some due to the wonders of technology.

Key Takeaways:

[2:12] What Jason learned when he owned properties in 11 states

[7:08] Whether Tampa is a linear, hybrid, or cyclical market

[11:34] Our brains relation to the number 3 and how it relates to Jason's diversification strategy

[16:13] Jason's experience of beginning to self manage his remote properties

[18:46] When tenants are connected directly rather than through a property manager they tend to take care of more things themselves

[23:48] The need for standardized data when evaluating properties

Website:

Meet the Masters 2018

www.RealEstateTools.com

www.CashFlowGuys.com

Direct download: AIPIS_209_Tyler_Sheff.mp3
Category:general -- posted at: 12:47pm EDT

Jason Hartman welcomes Economist Mike Norman to the show to discuss Modern Monetary Theory or MMT. Mike shares examples of common misconceptions people have of the US monetary system and economy, such as the US debt clock, that inflation equals growth, and how the tax system works. He believes that the US has an unlimited supply of capital and balancing the budget or functioning as a fixed monetary system would accomplish the opposite of what is needed to create growth.

Key Takeaways:

[1:10] Modern Monetary Theory (MMT) explains the value of money.

[4:09] A tax system is required to create demand for money.

[9:01] A fixed monetary system creates cycles of economic depressions and recessions.

[11:23] The US national debt is a summation of what is owned by the US and its constituents.

[18:55] A dollar must be created and pumped into the economy before it can be used to pay a tax debt.

[21:16] The US has an unlimited amount of new capital.

[26:43] There is a difference between inflation and growth.

Website:

Mike Norman on YouTube

Direct download: AIPIS_208_Mike_Norman.mp3
Category:general -- posted at: 8:00am EDT

Investment Counselor and Local Market Specialist Liaison, Carrie joins Jason Hartman to see if he can correctly predict the effect the rise in interest rates will have on the US economy. Jason reminds us the Feds don’t directly impact mortgage rates but by directly impacting short-term rates all rates will be affected. For those of you who have income properties, the higher interest rates will put upward pressure on rents. And if you are looking for additional properties, be sure to get pre-approved for financing before the Oklahoma Property Tour and JHU Live event.

Key Takeaways:

[03:56] What does the spike in interest rates mean for investors?

[10:10] Higher interest rates will put upward pressure on rents and lessen the concentration of wealth.

[14:20] Local Market Specialists and Investment Counselors are always working in the client’s best interest.

[23:44] It’s important to get pre-approved for financing in today’s seller’s market.

[25:13] Jason hints about the location for the next Venture Alliance Mastermind.

Website:

www.JasonHartman.com/Properties

Grant's Interest Rate Observer

www.VentureAllianceMastermind.com

"The Fed has weapons it can use to fix the economy and interest rates are one of those weapons."

Direct download: AIPIS_207_Interest_Rates.mp3
Category:general -- posted at: 8:00am EDT

Clients in the sports and entertainment world have the same issues as those in the regular world, but they also have a few extra needs and difficulties. Because of this, you have to go about acquiring their business a little different than normal. Kofi Nartey, National Director of the Compass Sports & Entertainment Division and author of Sellebrity: How to Build a Successful Sports & Entertainment Based Business, talks with Jason Hartman about ways you can break into the industry.

Kofi has some marketing tips that can keep you from spending a ton of money to meet celebrities, as well as some good advice on how to act when you get your meeting.

Key Takeaways:

[2:36] What's different about sports and celebrity clientele needs?

[6:45] How do you convey your ideas to celebrities before you start working with them to convince them you understand their needs?

[10:42] Some ways to test the marketing waters of working with the elite without bankrupting yourself

[12:46] How to stand out when you get a chance to meet with potential celebrity clients

Website:

www.Kofi.LA

Sellebrity: How to Build a Successful Sports & Entertainment Based Business

"You cannot be awestruck. Part of servicing sports & entertainment clientele is that you have to be a safe haven for them"

Direct download: AIPIS_206_Kofi_Nartey.mp3
Category:general -- posted at: 11:10am EDT

Jason Hartman welcomes Gary back to the show to review current news articles which impact income property investors. Does an excess of tower cranes in an area tell a tale of a future bubble? Can you afford the rent in a large US city and still have a savings account? How does the sharing economy can make life better for consumers? And later in the show, Jason and Gary answer listener questions and Gary describes how to use a life insurance policy to make a down payment on your next income property.

Key Takeaways:

[01:01] Jason and Gary review an article about how a tower crane can indicate a real estate bubble.

[08:23] The Income Needed to Pay Rent in the Largest U.S. Cities by Derek Miller.

[10:35] Bloomberg’s article, What a London Cabbie Taught Me About Uber.

[12:30] The New Human Rights Movement by Peter Joseph doesn’t look at the whole picture.

[17:07] Jason and Gary answer Derek’s question about appreciation submitted during the Airpods raffle.

[26:25] Gary explains how to borrow money from your own insurance policy to buy income properties or make necessary repairs.

Website:

www.JasonHartman.com/Properties

www.PropertyTracker.com

www.BeYourBank.com

Venture Alliance Mastermind

Direct download: AIPIS_205_Gary_Pinkerton.mp3
Category:general -- posted at: 9:57pm EDT

This week’s episode was recorded in Helsinki, Finland. Jason studies the economies of all the countries he visits and believes traveling to be an important educational experience. He shares an article which supports his long-held opinion that the rental market in the US is growing by way of demographics and rising home prices.

Key Takeaways:

[03:29] Jason encourages us to become an engaged student of life.

[07:13] The power of having a robust vocabulary.

[13:16] How to sign up for the Property Tracker Affiliate Program.

[15:59] Win an Amazon Echo for submitting your questions and comments.

[18:27] Jason reviews an article about the cost of rising home prices and what it means to rents.

[22:29] Jason has taken on the plight of the middle class.

Website:

www.JasonHartman.com/Resources

2018 Meet the Masters Event

www.VentureAllianceMastermind.com

Direct download: AIPIS_204_Rental_Peak.mp3
Category:general -- posted at: 12:00pm EDT

The month of October brings the 2017 tax season to a close. Jason brings Fernando and Zack on the show to showcase the organizational tools and portfolio management options available through the newly upgraded Property Tracker 2.0.

The Property Tracker software makes creating Schedule E’s, depreciation schedules and other tax forms easy as well as a robust calendar which keeps track of all of your income properties important dates.

Key Takeaways:

[1:14] Fundamentals for organizing and tracking investment properties.

[8:30] Property Tracker produces tax schedules including Schedule E and an up-to-date Schedule of Depreciation.

[12:28] Property Tracker 2.0 has updated proformas with RV ratio evaluations.

[14:54] Clarifying the statement “Every day you have a property you own and don’t sell, you are buying it back from yourself.”

[19:35] Organizational tips for using Property Tracker.

[23:58] Scanning with Optical Character Recognition (OCR) makes you more efficient.

[31:08] Details about the new Amazon Echo contest, the Meet the Master’s event and the upcoming Venture Alliance Mastermind.

[34:50] Free one-hour Property Tracker onboarding session with Zack for Jason Hartman clients.

Website:

www.PropertyTracker.com

Direct download: AIPIS_203_Property_Tracker.mp3
Category:general -- posted at: 9:47pm EDT

Our movements and habits are being tracks more and more with each passing year, and even sometimes days. All of that data can come in quite handy when you're looking to buy commercial real estate. Where are your customers coming from? Where are they going? How long do they spend in your location? This knowledge can be crucial when you're considering purchasing a property.

Donna Salvatore is CEO and Founder of Megalytics, a company designed to take big data and decipher it for real estate investors, both big and small. Donna has worked with SaaS and IT companies for the past 22 years, and previously provided venture equity and debt financing for a decade.

Key Takeaways:

[2:28] Some areas of big data that commercial real estate investors that Megalytics can track

[6:14] Has the retail apocalypse peaked yet?

[10:18] What is the social media score and property management score that Megalytics provides?

[15:29] The explosion in available data and what it looks like going forward

[19:11] Big data isn't just for big commercial real estate investors, landlords of single family homes can use it as well

Website:

www.Megalytics.net

Direct download: AIPIS_202_Donna_Salvatore.mp3
Category:general -- posted at: 8:10am EDT

Jason welcomes Patrick Donohoe of The Wealth Standard Podcast to discuss the dirty details of pensions, insurance policies and Ponzi schemes. Jason describes the difficulties and common mistakes average retail investors make when investing in financial services. And, Pat gives a comprehensive overview of how to make the most of your existing policies in order to invest your money in the most historically-proven asset class, income property.

Key Takeaways:

[1:15] Is the US a giant Ponzi scheme?

[4:21] Understanding the difference between pension benefit plans and contribution plans is essential.

[14:05] The financial service industry preys on retail investors.

[19:39] Harry Markopolos is waiting to capitalize on a market correction.

[25:59] Analyzing the patterns and mistakes of the middle-class investor.

[34:17] The Wealth Standard Podcast focuses on helping individuals understand the comprehensive nature of the economy.

[36:39] Pat explains how policyholders can reduce their risk and get investment money for cash-flow properties.

Website:

Be Your Bank

The Wealth Standard Podcast

The Wizard of Lies

Venture Alliance Mastermind

Direct download: AIPIS_201_Patrick_Donohoe.mp3
Category:general -- posted at: 8:05am EDT