Sat, 19 January 2019
Jason Hartman talks with Venture Alliance member Mike Zlotnik about the new trend in real estate investing, which is "Opportunity Zones". The two discuss what they are, when they can be a good idea, how the funds work and some potential tax implications. The two implore the listener to vet your sponsor before investing, not invest just for tax purposes and aligning your interest.
[3:30] Mike's thoughts on deals in opportunity zones
[6:37] How funds work when investing in Opportunity Zones
[10:48] How are fund managers being successful getting people to invest
[14:22] Some potential tax implications
[17:25] Don't make the deal just for tax benefits. The deal needs to make sense BEFORE the tax benefit
[21:55] Your fund manager needs to have some skin in the game
[26:48] It's important to understand what a quality sponsor is
[28:51] The 2 major layers to pooled money investments
[31:25] Alignment of interest
Fri, 11 January 2019
Jason Hartman talks with Etienne Deffarges, author of Untangling the USA: The Cost of Complexity & What to Do About It, about some of the most pressing issues facing the country, such as health care and our banking system. They look at what exactly is causing the issues, but don't just focus on the problems. Etienne and Jason also discuss the most important part of the problems: their solutions.
[1:26] We as a society make things much more complex than we need
[6:51] Etienne's solution for health care
[13:04] How can we improve the world of finance?
[17:15] Etienne is in favor of banks having to have a higher equity to debt requirements
[20:35] With all of these problems in the world, what's the solution?
Fri, 4 January 2019
Jason Hartman talks with Matt Taibbi, contributing editor at Rolling Stone and author of books such as Griftopia and The Divide, about bubbles. The two explore how Fed policy has been leading to bubbles throughout the years, how Wall Street is designed to take advantage of the average citizen and what we can learn from the history of bubbles.
[3:06] There's a pretty decent path from Fed policy to bubbles
[7:36] How the Great Recession came into being
[12:12] Institutions have learned how to create a bubble to profit from, but then also be prepared to make money when their own bubble bursts
[16:19] As long as trades are occuring Wall Street is making money
[18:09] How investment bankers are auctioning off America's infrastructure
[22:49] What is the investor's lesson from the bubble machine?
Sat, 22 December 2018
AIPIS 258 - Client Case Study: Preparing for Self Management, Repairs, Software & Late Fees with Adam Schroeder
Returning guest Adam Schroeder joins Jason Hartman for this episode, as the two discuss the steps for transitioning from professional management of rental properties to self management. Adam and his wife have 3 (going on 4) properties and are thinking that the time is soon coming to venture out on their own. But before doing that there are some important things to do like what information to get from your property manager, what kind of initial contact to have with the current tenant, finding forms and contracts when you're finding/reupping tenants, pet rent, and more. They also discuss finding repair people, what to expect from property management software, whether to allow grace periods and what kind of late fees to charge.
[4:24] Sometimes removing a property manager actually makes things easier
[7:43] The information you need to get from your current property manager if you're going to make a switch
[12:42] A way to change your relationship with your property manager rather than completely ending it
[15:25] Bad property manager reviews on sites like Yelp might be a good thing, that's why you have to read them
[20:23] Insurance: individual policies or a commercial policy?
[25:07] You should have a clause in the lease stating which repairs the tenant is responsible for
[29:33] What to expect from property management software
[33:36] The importance of an increasing late fee
Fri, 14 December 2018
Jason Hartman talks with Keith McIntosh, President of McIntosh & Associates, LLC, about protesting your property taxes for your rental properties across the country. Keith explains the different ways you can protest your taxes, why the government big data doesn't get it right all the time, and more.
[2:01] The property tax process & the 3 typical opportunities to dispute
[8:27] How does the process with Keith's company work?
[10:51] Why is Keith's "big data" different/better than the tax assessors?
[15:34] Is there a non-automated product available?
[17:51] How much people are usually able to save when protesting their taxes using Keith's data
[20:04] Protesting your taxes gives you a cumulative effect over the years
Fri, 7 December 2018
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.
[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
Fri, 23 November 2018
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.
[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
Fri, 16 November 2018
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.
[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
Fri, 9 November 2018
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.
[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
Fri, 2 November 2018
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.
[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?