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
Mon, 5 February 2018
Jason Hartman talks to Meet the Masters of Income Property keynote speaker John Burns, CEO of John Burns Real Estate Consulting, about how the autonomous car is going to change the look of cities, what a "surban" is, and why the 1980s is "the sharer" generation. The two also go into a more in-depth look about what kind of markets there are in the United States, and which hybrid markets may be on their way down.
[1:53] Amazon's search for a second headquarter location, and where John thinks it will be
[4:35] How John classifies markets
[7:04] Hybrid markets like Austin and Dallas are seeing way more growth than they normally do in cycles, and why Austin's best days may be behind it
[8:33] The world is shifting more toward suburban apartments, being driven by local money
[11:09] The definition of "surban"
[16:16] The nickname for those born in the 1980s is "the sharers"
[19:17] The impact of autonomous cars
Fri, 26 January 2018
AIPIS 217 - The Future of Inflation (or Deflation) in the US with Moneyball Economist Andrew Zatlin, Part 2
In the final part of Jason's interview with Andrew Zatlin, the two take a look at whether the future of our economy is inflationary or deflationary. The two also look at the impact of technology on inflation, how it impacts the rental markets, and where the volatility in our economy will be in 2018.
Disclosure: this interview was recorded prior to the GOP Tax Reform being written and passed
[1:32] The proof in the inflation pudding is shipping costs
[6:47] The economy is strong in the background
[8:31] Warehousing had a huge impact on the start of the internet
[11:10] When you reach the point where payroll and population growth are the same you don't get wage inflation
[15:35] When housing affordability is low and prices soften, the rental market strengthens
[19:30] Where 2018 volatility will come from
Fri, 5 January 2018
In the first part of Jason Hartman's interview with Moneyball economist Andrew Zatlin, the two of them take a deep look at what's going on in the housing market through the lens that Andrew uses. He looks at hiring patterns of home builders, and has seen a distinct problem in their search for labor. So many industries are hunting for labor that it's creating a bottleneck.
The two also look at short-term rentals, hotel vacancies, the Fed's monetary policy, and what's creating the demand for housing.
[1:35] Andrew likes to check in with companies about what they're doing in regards to hiring
[4:05] Home builders can't hire enough people right now. The bottleneck is labor because there's a LOT of competition for it
[7:02] One question we need to ask is: what's creating all this demand for housing?
[11:06] The environment today makes it more attractive to buy rather than rent
[16:57] Do short-term rental providers need to worry about oversupply?
[19:15] Hotel vacancy rates tipped into the negatives this past year because of short-term rentals exploding in popularity
[21:55] Demand will create supply, but sometimes supply can create demand
[25:47] The Fed is on a trajectory of tightening
Wed, 3 January 2018
Jason Hartman is proud to announce the latest addition to the 2018 Meet the Masters of Income Property event, Ken McElroy.
Ken is a Rich Dad Advisor and entrepreneur who is an expert in investment analysis, property management, and property development. He's responsible for over $700 million investment dollars in real estate.
Ken is the author of the best-selling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABC’s of Property Management, and most recently his book on entrepreneurship: The Sleeping Giant.