Accredited Income Property Investment Specialist (AIPIS)
The mission of AIPIS is to properly educate real estate specialists and investors in the proven methods of income property investments as a road to building wealth. AIPIS Education Program Jason Hartman, internationally known investment property guru, had a vision. He wanted to share his 25+ years of real estate experience with a wider audience, so that they could benefit from everything he had learned. The idea for the Accredited Income Property Investment Specialist program grew out of Jason’s desire to help Realtors, mortgage officers, and financial advisors earn income via assisting their clients to build successful income property portfolios. He also wanted to assist these same professionals with a means to earn the necessary credits to renew their required licenses. The best way to accomplish all of these goals was to offer online courses. Thus, AIPIS was born! Jason Hartman has been involved in several thousand real estate transactions and has owned income properties in 11 states and 17 cities. His company, Platinum Properties Investor Network, Inc. helps people to achieve “The American Dream” of financial freedom via the purchase of income property in prudent markets. The three AIPIS courses that we are offering here, draw upon Jason’s very successful and well-received home study course, the Complete Solution for Real Estate Investors™. Jason Hartman is the Founder and CEO of Platinum Properties Investor Network, the Hartman Media Company and the Jason Hartman Foundation. Starting with very little, Jason, while still in college and at the age of 19, embarked on a career in real estate. While he was brokering properties for clients, he was investing in his own portfolio along the way. Through creativity, persistence, and hard work, he soon joined the ranks of the top one percent of Realtors in the U.S. In quick succession, he earned a number of prestigious industry awards, and became a young multi-millionaire. Investors use Jason’s podcasts, educational events, referrals, mentoring programs and property tracking software, to assist them with the location and purchase of investment properties in exceptional markets. Visit www.JasonHartman.com to learn more about the Platinum Property Investor Network. Jason also believes that giving back to the community is an important responsibility of successful entrepreneurs. He established the Jason Hartman Foundation, in 2005, with the goal of providing financial literacy education to young adults. The mission is to instill in young people those all-important real world skills, often not taught in school, which are the keys to the financial stability and success of future generations. Contact us at www.JasonHartman.com or call 714-820-4200 for more information about the foundation. AIPIS Objectives To develop income property investment curriculum To educate individuals, nationwide, in the proven methods of income property investing To provide certification programs for real estate, mortgage and financial professionals who are seeking to expand their own knowledge and credentials To publish educational materials that focus on sound investment concepts To utilize various presentation platforms and teaching methods to accommodate the various learning styles of students The AIPIS program will address foundational topics such as: The differences between saving and investing The importance of asset allocation and diversification The relationship between risk and return The value of prudent long-term investing The advantages of investment in real estate vs. investment in stocks, bonds, mutual funds, CDs, securities, or international investments
311: Mortgage Rate Update February 2020Feb 16, 2020 09:59
Jason Hartman’s investment counselor, Adam Schroeder, talks with one the network’s lenders to discuss what mortgage rates are in today’s market. The two discuss current events and the impact that those events might have on available rates with the hypothetical purchase price of $100,000.
310: Napoleon Hill's Influence with Sharon LechterFeb 14, 2020 17:08
Jason Hartman talks with Sharon Lechter, former CEO of Rich Dad & Pay Yourself First and author of Success & Something Greater: Your Magic Key, about her experiences with both the Rich Dad company and the Napoleon Hill Foundation. Sharon provides unique insights into the impact both organizations have had on society today, as well as what she has discovered success means for various people.
[3:33] Napoleon Hill one of the original self-help authors?
[7:48] The different types of success Sharon saw while writing her latest book
[10:09] Why the man who sold the patent for the jet ski for $75,000 doesn't regret it
309: Tribe of Millionaires by Pat HibanFeb 7, 2020 24:15
Jason Hartman talks with Pat Hiban, author of Tribe of Millionaires: What is One Choice Could Change Everything? and co-founder of GoBundance, about the multiple effects that are in our lives and how we can situate ourselves in a way that we can live our best life.
[3:34] Be careful in good times like these that you're not dealing with people who are just skimming the cream off the top and won't be here for you when things turn
[15:36] The "one sheet" idea Pat uses in his masterminds
[19:02] The Connection Effect
308: Investment Properties in Maryland & MississippiJan 31, 2020 09:30
Jason Hartman and investment counselor Carrie discuss two properties that are available through the network right now that are definitely worth a look. Listen in to hear about how properties in Maryland and Mississippi might make good additions to your portfolio!
306: What Enron Could Teach Us About Investing RulesDec 27, 2019 31:30
Today's episode is Jason Hartman exploring Commandment #3: Thou Shalt Maintain Control a lot deeper. Maintaining control in real estate deals has been discussed quite a bit before, but it's not just real estate where control matters. Jason explores the collapse of Enron and why it was such a surprise and why Commandment #3 is crucial even in those scenarios.
[4:03] Airbnb hasn't been through a recession yet, so there's a lot that isn't priced in to the market
[8:06] The 3 major problems when you give up control in an investment
[13:54] The Infographics Show: The Business Deception That Cost $60 Billion
[16:59] The phrase "financial innovation" is a red flag when you hear it
[23:05] Most companies don't have people inside to pump the brakes, because everyone is incentivized to speak highly and show it in the best possible light
[25:26] Derivatives are the thing about the thing, but as an investor you want to be as close to the "thing" as possible
305: Client Case Study: Real Estate Investing Through The Great Recession with Sean CarrollDec 20, 2019 30:52
Jason Hartman talks with client Sean Carroll about the journey he's had with real estate. From starting out as an agent in New York before the Great Recession to losing every penny he had, Sean now has a portfolio of properties that is allowing him to be in the career he wants to be in. Jason and Sean explore Sean's best and worst decisions in order to help you stay on a safe, profitable path.
[2:42] How Sean lost BIG during the Great Recession
[7:31] The deal that truly put Sean under
[12:27] The system is set up to create asset inflation
[15:02] The owner of a home Sean sold in 2006 is still $70,000 underwater
[20:04] Stop calling things problems and start calling them challenges
[24:13] Apps, tools, tips Sean has for investors
304: Rent Controls, Charging Orders & LLCsDec 13, 2019 31:05
Jason Hartman talks with Rich Dad Advisor Garrett Sutton about the issues of rent control, capital flow, and why the Florida court decision on the Olmstead case has had an impact on single member LLCs across the nation. They also discuss the importance of protecting yourself even when you hire a professional to do a job for you.
[2:21] The state of California is out to commit economic suicide
[6:03] There are some exemptions from the state wide rent control for California
[10:31] States have the right to make the laws they want, but people have the right to put their assets where they want, and developers are going to put their assets elsewhere
[16:17] State wide rent controls will make the capital flow from the states where they're implemented, impacting other markets
[19:31] The importance of Florida's Olmstead decision on single member LLCs and charging orders
[26:55] When you hire a professional, you're still responsible for any mistakes they make
303: Mortgage Rate Update December 2019Dec 6, 2019 09:24
Jason Hartman's investment counselor Adam takes today's show to talk with one of the network's lenders to discuss what mortgage rates are in today's market. Basing the rates on a $100,000 purchase price the two explore what rates are available and what things are happening that are impacting rates now and in the future.
302: Jacksonville Market Profile & New Construction AvailabilityNov 29, 2019 18:08
Jason Hartman and one of the network's Florida market specialists discuss the Jacksonville market and what kind of housing is currently available. The two break down a pro forma for one of the available new construction properties and examine why Florida has become such a hot spot for people fleeing both the East and West coast states.
[3:46] Florida is now drawing people from the East and West coast
[5:46] Jacksonville market profile
[9:45] Examining a pro forma of one of the new construction properties available in Florida
[12:18] There are a couple properties available that you could take advantage of in a 1031 exchange
[15:11] People are moving to Jacksonville to be near St Augustine, which is the 2nd busiest place for tourists in Florida behind Disneyworld
301: Backyard Rental Properties with Spencer BurleighNov 22, 2019 20:27
Jason Hartman talks with Spencer Burleigh, co-founder of www.RentTheBackyard.com. Spencer's company will build a unit on your land, list it online, and split the rental profits with you 50/50 as long as you have an area at least 25' by 20' clear and you live in your home most of the year. Listen in as Jason and Spencer discuss the business model and how you can take advantage of it.
[1:37] What problem is Rent the Backyard addressing?
[6:31] Rent the Backyard is able to create a second dwelling on the property without getting the land rezoned
[11:07] The stigma behind manufactured housing needs to go away, but it also needs to get cheaper
[14:39] The income side of Rent the Backyard's business model
300: Field Guide to Repairing Humanity with CNN & Fox's Sally KohnNov 15, 2019 26:46
Today's off-topic 10th episode has Jason Hartman talking with Sally Kohn, CNN political commentator, host of The State of the Resistance podcast and author of The Opposite of Hate: A Field Guide to Repairing Our Humanity, about why there's so much hate in our country at the moment and how we need to continue acknowledging problems and working to get better.
[4:16] Technology makes us feel more anonymous, which isn't always the best thing
[6:54] Does the US deserve credit for being better than the rest of the world?
[11:45] What definition of "hate" Sally's working from
[15:56] Most people don't think they're hateful, they believe "those people" are hateful so the things they do are justified
[19:40] We have been taught throughout history that men should be in positions of power, which is a powerful thing to have to break through
299: Home Ownership Rates & Build to Rent with John Burns RE Consulting's Chris PorterNov 8, 2019 28:09
Jason Hartman talks with Chris Porter, Senior Vice President & Chief Demographer at John Burns Real Estate Consulting, about what trends their company has been seeing. There have been some profound shifts in the way that Americans want their communities, what they're looking for in a house, and whether they even WANT to own a house.
[2:30] The labor shortage in construction right now is a great opportunity for new technology to come into the market
[7:50] Some developer trends going on right now
[11:49] The current housing trends of Millennials and Baby Boomers
[15:16] Are the insititutional investors here to stay?
[19:50] Chris' prediction on home ownership rates has been somewhat right. Why he thinks it wasn't completely acurate
[24:43] Why the way generations are widely defined make no sense
298: Short-Term Rentals Impact on the Housing Market with Smart City Policy Group's Matt CurtisNov 5, 2019 30:02
Jason Hartman talks with Matt Curtis, founder and CEO of Smart City Policy Group, about the state of short-term rentals in today's society. Matt explains why he thinks that no matter what people in power do, they won't be able to stop the movement that is short-term rentals. Matt also discusses what he expects for the market when the economy inevitably sinks into a downturn and people stop taking so many vacations, and why a societal shift is key to that.
[4:06] Technology is leading us closer to a Jetsons like world
[6:43] Short-term rentals seem like they're going to win out over areas that are currently resisting
[9:57] It's not hard to see why some areas of the country are resistant to the idea of short-term rentals
[13:42] Are short-term rentals squeezing renters out of the higher end homes?
[18:04] Commercial mix-use multifamily seems to be an area that there's no qualms using for short-term rentals
[20:14] What happens to short-term rentals when the next recession hits?
297: Evaluating Rental Properties with Jeb Carty, ZumblyOct 25, 2019 16:17
Jason Hartman talks with Jeb Carty, co-founder of Zumbly, joins the show today to discuss their new product and how investors can use them to maximize their returns.
[1:38] How Zumbly differentiates itself from generic MLS websites
[5:51] All the assumptions in Zumbly's calcuations are adjustable
[9:01] Zumbly is hoping to provide the newest of investors the best information possible to make smart deals
[9:58] Millennials are looking for a new way to buy
[14:26] Zumbly's rolling out in 10 more markets
296: Diversifying Market Risk by Home Diversification Corp Marc BironOct 18, 2019 21:31
Jason Hartman talks with Marc Biron, founder and CEO of Home Diversification Corp, about his product that is intended to help homeowners diversify their market risk in their own home purchase. The product is intended to help protect homeowners from downturns in the housing market in their local zip code by indexing it to the national housing market. Listen in as Marc explains why it would make sense for homeowners and how it works.
[1:48] How Marc's mortgage product can help diversify market risk
[6:07] Marc claims his product is 42% more stable than the average housing market
[10:22] A sample case of how the product works
[13:51] Home Diversification uses the Zillow statistics for national home price indexing
Bonus: New Construction Properties Available!Oct 15, 2019 11:59
Jason Hartman joins Investment Counselor Sara and one of the Florida market specialists to discuss the upcoming Profits in Paradise event and the Florida property tour the Friday before the event. Prior to the Great Recession, the network dealt exclusively with new construction. Now it's a rarity, but Florida (and Atlanta) is able to provide that right now. New construction allows for win-win-win situations between investors, developers, and tenants.
295: The American Jubilee, Lease Reviews & Self-Management PracticesOct 11, 2019 34:26
Jason Hartman and his mom take today's episode to review the book The American Jubilee: A National Nightmare is Closer Than You Think, as well as discussing the impact of loan forgiveness and some self-management strategies that can save you money and headaches when it comes to repairs and tenant retention.
[1:47] Jason's mom's takeaway from the book The American Jubilee
[4:33] The middle class is getting crushed today more than they ever have in American history
[7:47] You can use debt as a strategy
[11:38] Impact of the bank holiday
[14:07] Student loans are being packaged and sold to financial firms just like liar loans were
[18:59] The federal government can nationalize your stock and bond portfolio a lot easier than your property
[23:08] Turnover can be expensive, but keeping tenants for too long could mean your rents are too low
[27:36] The longer your tenant is there the more they treat it like their own home
[31:44] A recommendation to reduce your insurance prices
294: Bill Ness, Neighborhoods.com and 55places.comOct 4, 2019 15:23
Jason Hartman talks with Bill Ness, CEO and founder of Neighborhoods.com and 55Places.com, about how to evaluate neighborhoods and the incredible opportunity that the 55+ age market is presenting for investors.
[1:52] As Bill started Neighborhoods.com, how did he define a neighborhood?
[5:02] How do people sort neighborhoods
[9:26] Last year only 38% of home buyers were over the age of 55
293: Build to Rent Phenomenon with SFRHub's Michael FinchSep 27, 2019 18:02
Jason Hartman talks with Michael Finch, Principal at SVN and SFRhub Advisors, about the latest trend in real estate development: the build to rent model. The two discuss why this model is so popular, why developers love it and why it's not likely to be going away any time soon.
[1:26] Why is the build-to-rent model so attractive?
[6:15] Build to Rent properties tend to haev drastically lower tenant turnover
[10:48] Financing build to rent properties
[14:09] Do communities have to be all or nothing in terms of build for rent sales?
291: Bubble Markets & Prudent Markets with Romana KingSep 1, 2019 27:41
Jason Hartman talks with Romana King, award winning real estate writer and director of content for Zolo, about what's going on in the Canadian real estate market (specifically Vancouver), as well as some of the best tips for real estate investors. Romana is another buy and hold real estate investor, and she and Jason explore what the best practices are in that marketplace.
[4:50] When you purchase a property, the value isn't in the property it's in the land
[7:56] Canadian financing options
[12:13] Romana's take on Opportunity Zones
[15:09] What is Zolo?
[17:42] Romana's tips for purchasing investment properties
[21:26] Some signs that the area might be a good one to invest in
290: Communicating & Talking To Yourself Like a Buddhist with Cynthia KaneAug 23, 2019 25:34
In this off topic episode, Jason Hartman talks with Cynthia Kane, author of How to Communicate Like a Buddhist, as well as Talk To Yourself Like a Buddhist, about how we should be communicating with ourself and with others. Too often we say things hurtful to ourselves and our loved ones which we don't even realize until it's too late. Cynthia explains the elements of right speech that will point us in the right direction, as well as the importance of silence.
[2:30] How does communicating like a Buddhist help you?
[6:20] The importance of "Mindful Listening"
[8:49] How we can use silence in a positive way
[16:24] How do you talk to YOURSELF as a Buddhist?
[20:28] You need to pump yourself up with self talk a little bit
[22:18] The importance of questioning
289: Investing In Non-Performing Notes & Loans with DeAnn O'DonovanAug 16, 2019 23:35
Jason Hartman talks with DeAnn O'Donovan, former President & CEO of AHP Servicing and former Executive VP and Chief Administrative Officer of Wintrust Mortgage, about the practice of investing in non-performing notes and loans. DenAnn explains what she looks for when considering investing in loans, what positions she's comfortable taking, and where you can still find deals in today's marketplace.
[5:18] Does it matter whether you're in first or second lien position?
[9:11] Where do you find the deals in today's market?
[19:33] Are there multiple categories of servicers available?
288: Using Self-Directed IRAs to Invest in Real Estate, Precious Metals & More with Jeff AstorAug 10, 2019 23:44
Jason Hartman talks with Jeff Astor, VP of Business Development at Broad Financial and author of The Ultimate Self-Directed IRA:: Using Self-Directed IRAs & Solo 401ks To Invest In Real Estate, Bitcoin, Ethereum, Cryptocurrencies, Gold, Private Businesses, Startups, Exotics & Much More, about how to invest in various assets at the "arms length" that the tax code requires. Jeff explores some unique investments clients have made that satisfy the legal requirements, as well as explaining the difference in the 2 types of self-directed IRAs.
[2:09] What are "exotic" investments and how you keep your investments "at arms length"
[5:12] There are 2 types of self-directed IRAs, the custodial model and the checkbook model
[9:18] Finding financing for IRAs since you need a non-recourse loan
[12:36] Do people set up multiple LLCs inside their IRA to get even more asset protection?
[17:11] Make sure you do your research on self-directed IRA companies, because custodial companies rely on trust
[20:17] Can you take possession of precious metals if you purchase them through a self-directed IRA?
287: How to Really Be a Real Estate Investor with Gary BoomershineAug 2, 2019 37:02
Jason Hartman talks with Gary Boomershine, real estate coach, real estate investor and founder of REIvault, about the differences between real estate investors and a real estate entrepreneur, as well as ways that you can protect yourself from inflation. Gary and Jason discuss the great part of buy and hold investing and what Gary sees as the future for the economy and real estate.
[2:28] What is a real estate investor?
[6:28] Gary used to flip houses but now regrets every house he ever sold
[11:44] Gary's experience as a hard money lender
[17:53] Gary's take on the VRBO market
[24:34] First position lending can be a hedge
[30:31] Right now Gary's a bit pessimistic about the market and is taking some chips off the table, while some of his cohorts are going full in
[32:58] The 3 areas Gary believes need to be very careful in today's market
286: Evaluating Pro Formas, Self-Management & Financial Freedom Month with LisaJul 26, 2019 21:10
Jason Hartman does another client case study with Lisa, and today is all about metrics. Lisa has seen the Pro Formas available on Jason's website but wants to know which lines are the most important to be looking at when evaluating a property. Then Jason and Lisa move on to self-management and some ways to find a handy man that are outside the norm. Plus, don't forget to celebrate Financial Freedom month throughout July!
[2:56] The 3-5 things Jason looks at first in the Pro Forma
[8:47] The very first thing you need to do when looking at any Pro Forma is checking the assumptions
[12:09] Don't forget to watch and re-watch the 27 minute video that goes over the Pro Forma line by line
[13:07] How Lisa used Lowe's to find a handy man
[17:02] Why Jason's so excited about his new Empowered Investing Network
[18:50] What to do for Financial Freedom month (coming this July)
285: Rental Demand for Single & Multifamily with CoStar Portfolio Strategy's Andrew RybczynskiJul 19, 2019 23:36
Jason Hartman talks with Andrew Rybczynski, Senior Consultant at CoStar Portfolio Strategy, about what is happening on the construction side of both single family and multifamily properties. The tight labor market is causing unit completion to slow significantly, but there are a massive number of units being started. The two look at the impact of more millennials living at home on the shadow demand for apartments and whether renter demographics are still looking good.
[1:28] We're seeing a lot of construction all around the country, what's the supply/demand outlook?
[5:09] How much are construction costs going up?
[9:08] We're not building single family homes as much as we used to
[11:51] About 32% of adults 18-34 are living with their parents
[15:3] Looking at the spread between an apartment cap rate and a triple B bond
[18:58] How Andrew views renter demographics over the next 10 years
284: How Fannie Mae & Freddie Mac Impact the Housing MarketJul 14, 2019 31:20
Jason Hartman and Adam today break down a video about how Fannie Mae and Freddie Mac influence the housing market in the United States. While their publicly stated goal is to make housing in the country more affordable, are they really doing that? Listen in to find out.
[1:19] Fannie Mae Going Away?
[3:39] The idea that we need a high home ownership rate is a false idea
[8:11] How Fannie Mae props up the housing market
[12:53] Fannie & Freddie have a stated goal of making housing more affordable, but they don't do that at all
[22:24] If you're investing for yield rather than capital gains, the price of the house has much less importance
[25:30] The importance of sustainable investing
283: Interest Rates Over the Last DecadeJul 5, 2019 31:07
Jason Hartman talks with in-house economist Thomas about how interest rates in the past 10 years have compared to one another. The two explain why interest rates can be so difficult to predict and how these past 10 years are compared to the past.
[3:12] Interest rates aren't completely unpredictable, but they're driven by things where you can't know exactly what's going on
[6:29] Interest rates back in 2010
[16:07] #5 on Thomas' list is 2017, when interest rates dipped under 4%
[20:43] 2015 makes up the #3 spot on the list with interest rates averaging 3.85%
[24:37] The #1 year for interest rates in the past decade
[28:51] Remember that real estate deals can be renegotiated
282: Inflation & Trade War's Impact on Construction CostsJun 28, 2019 32:28
Jason Hartman and Adam examine the Investopedia article referring to the 9 common effects of inflation. The 2 types of inflation (cost-push and demand-pull) are also broken down in regards to how they impact your property value and rent.
Then the two examine what impact the Trade War with China could have on the markets properties are available in. If production from overseas come back to the United States, where are we likely to see the impact?
[3:40] The 9 common effects of inflation
[8:36] The land value is the one that's susceptible to big swings in value
[12:10] Cost-push versus demand-pull inflation
[15:19] How the Trade War could create cost-push inflation in the linear markets we're investing in
[18:34] If China ever manages to create a middle class they're going to have to deal with a new set of issues, which might make them an inopportune producer
[23:21] When labor shortages hit construction it can make it incredibly expensive to build a house and retain the workers needed
[28:00] Once the Trade War has ended, look at what job sectors are going to be impacted most and adjust your investing strategy accordingly
281: Tax Implications & Short-Term Rentals with MyLodgeTax's Rob StephensJun 21, 2019 23:48
Jason Hartman talks with Rob Stephens, co-founder of Avalara MyLodgeTax, about whether the short-term rental market is oversupplied and what the impact of institutional investors is doing to the marketplace as a whole. They also discuss some of the tax implications of running short-term rentals.
[1:39] Is the short-term rental market oversupplied?
[5:07] How will short-term rentals hold up in the next economic downturn?
[9:26] What has the increased usage of short-term rentals done to the timeshare market?
[10:51] The way institutional investors are getting involved in short-term rentals
[15:42] Tax compliance
[18:57] How much do room/tourism/hotel taxes differ across the country?
280: 48 Laws of Power & 33 Strategies of War with Robert GreeneJun 16, 2019 33:10
Jason Hartman talks with Robert Greene, author of the new book The Laws of Human Nature as well as New York Times bestsellers like The 48 Laws of Power and The 33 Strategies of War, about how to approach people to put yourself in the best position for success as well as how to best change your life and circumstances. Robert goes over a few of his 18 laws to help you on your way.
[4:06] Misjudging people is extremely expensive, and it's getting even harder to do with everything becoming virtual
[6:25] Thinking about what other people need or are going through is one of the most important life skills you can develop
[9:40] When you ask someone for anything, they are naturally going to be resistant
[12:45] We are emotional creatures, largely governed by our emotions
[24:18] You can change your own life and circumstances by working on your attitude
[27:54] The biggest impediment in people's lives is the inability to affect or influence the people around them
279: Marketing, Screening, Leasing & Collecting Rent using Self-Management Tool UpTop by Frank BarlettaJun 8, 2019 16:39
Jason Hartman talks with Frank Barletta, Co-Founder and CEO of UpTop, about how his software can help self-managing property owners. Frank explains how UpTop helps landlords deal with leases and maintenance requests, as well as how to use the platform.
[4:14] What does a landlord do with UpTop?
[7:12] Where UpTop makes its money
[12:18] How UpTop handles leases
[13:05] Dealing with maintenance issues through UpTop
278: Client Case Study: Self-Management & Diversification with David NelsonMay 31, 2019 25:30
Jason Hartman has a client case study with David Nelson, who, along with his wife, has amassed a real estate portfolio that has allowed her to retire early to focus on their holdings. David discusses how his cockiness led him into a bad deal, why continual education is important and where his journey is heading.
[17:19] David started getting cocky investing in 2016 and didn't pay enough attention to his inspection
[20:24] Jason's group doesn't do any one off deals
[24:28] How self-management has gone for David so far
[29:18] When you combine education with action you can accomplish nearly anything
[33:01] Why being 80% in on one asset class isn't necessarily a mistake
277: Getting a Helpful Home Inspection with Elite Group Inspection ProfessionalsMay 17, 2019 29:22
Jason Hartman talks with Josh and Mike from Elite Group Inspection Professionals about what to expect when getting a home inspection. A good home inspection can save you thousands, and a bad home inspection can cost you thousands. It can be tough to figure out who you can trust when you're getting one done, but Josh and Mike give you some resources to finding a competent inspector and what the major things you should be looking for on your inspection reports.
[3:28] Make sure you check your home inspector for licenses, certifications and insurance
[6:15] Some of the biggest concerns from buyers
[10:54] The pros and cons of various roof types
[15:48] Expect a lot detail about repairs needed in your inspection, but not about how much they will cost to fix
[19:22] What to look for on the interior of the house
[22:29] When you need to get a re-inspection done
[25:18] Some of the common plumbing problems
276: Client Case Study: Retain Tenants, Renew Leases & Self-Management with Drew BakerMay 10, 2019 22:03
Jason Hartman talks with client Drew Baker about the new developments in Drew's journey in self-management. Drew gives Jason a rundown on how he deals with lease renewals, some of the repairs he's doing to his properties in order to retain his tenants, and what software he's using to keep track of it all. Jason also gives Drew a little bit of advice on how he may be able to accelerate his depreciation in a cost effective manner.
[3:23] The one type of pollution that China doesn't have, that America has PLENTY of, is noise pollution
[8:43] An update on Drew's self-management process
[11:45] Cost segregation studies have become reasonably priced for single-family homes and could well be worth the cost
[16:37] Drew tries to get his leases to come up for renewal in the warmer months, as well as signing a 2 year lease
[20:07] Drew's approach to lease renewals
275: Client Case Study: Investing Through the Great Recession with Greg ScottMay 3, 2019 23:29
Jason Hartman talks with client Greg Scott about his journey from accidental landlord to an owner of multifamily properties. Greg and Jason examine why people don't know whether they're winning or losing, how Greg was able to continue investing through the Great Recession, and what sort of demographics are making being a landlord look better and better.
[2:26] Greg's journey to becoming an accidental landlord
[6:03] People often don't know whether they're winning or losing
[11:09] When you hear about the returns people get from real estate and want to do the same, you have to actually act on it
[12:43] Greg's plan for his new multifamily facility
[15:29] How worried was Greg when he was investing in property during the Great Recession?
[19:35] Does Greg see the same thing about high rental demand as Jason does?
274: What Every Real Estate Investor Needs to Know About Cash Flow by Frank Gallinelli, Real DataApr 30, 2019 26:20
Jason Hartman talks today with Frank Gallinelli, founder and President of Real Data and author of the book What Every Real Estate Investor Needs to Know About Cash Flow & 36 Other Key Financial Measures, about what metrics Frank finds the most important for single family home investors to pay attention to. They also discuss the "holy grail" metric that investors should be using and when you actually SHOULDN'T invest in real estate.
[1:53] What are the core metrics that real estate investors should be looking at?
[6:39] You should try and forecast best case, worst case, and in-between case for your properties
[8:02] What is discounted cash flow?
[10:36] The holy grail metric is still IRR (Internal Rate of Return)
[12:26] A different way to view Return on Equity
[15:59] Is there a time where it doesn't make sense to acquire properties?
[21:44] Education is absolutely vital to being a good investor
273: Learn to Invest in Tax Liens & DeedsApr 19, 2019 08:31
Jason Hartman talks with Julia, who will be speaking at the event in Savannah, GA about tax liens and deeds. She gives a brief intro to what they are and what she'll be discussing at the event.
[2:21] An intro to tax liens and tax deeds
[3:19] How Julia was able to buy a house in Savannah for simply paying back taxes
[5:48] Julia will be teaching how to avoid problem properties and how she evaluates deals
272: Self-Management with Show Me the Rental with Cliff HaydenApr 12, 2019 15:33
Jason Hartman talks with Cliff Hayden, creator of Show Me the Rental, about how he started his business, what his software does, and property management tips for real estate investors.
[1:36] What frustrated Cliff enough to create Show Me the Rental
[3:30] How Show Me the Rental works
[7:30] Some sample questions Cliff's software might use
[11:45] What platforms Show Me the Rental connects with
[13:12] Cliff's property management tips
271: Analyzing Properties with REIanalyst Data's Ryan MinekimeApr 5, 2019 15:18
Jason Hartman talks with Ryan Minekime, co-founder of REIanalyst, about how his tool allows investors to whittle down their list of potential properties quickly.
[1:30] REIanalyst was born out of a need Ryan had to see more properties in less time
[4:38] How Ryan's data is figured out when making assumptions on properties
[7:21] Where REIanalyst gets their data
[11:16] Information for investors is severely lacking
AIPIS 270: Short Cuts To Happiness by Tal Ben-Shahar of Happiness Studies AcademyMar 29, 2019 27:45
In this off-topic 10th episode, Jason Hartman talks with Tal Ben-Shahar, co-founder of The Happiness Studies Academy and best-selling author of Happier and the new book, Short Cuts to Happiness: Life-Changing Lessons from My Barber, about how you measure happiness, predictors of happiness and what sorts of things Tal was able to learn from his barber. They also discuss whether Millennials and Generation Z to see if they've been coddled too much or if we've just learned how to better communicate with them.
[4:30] How do you rate a country's happiness?
[6:57] There's only one thing that predicts happiness levels on a national level
[11:16] The hazards of social media on happiness
[13:18] Lessons learned from Tal's barber
[18:48] How to praise people properly to encourage growth
[21:37] If you don't teach people to face reality then you're setting them up for failure
[25:01] The first step toward happiness is, surprisingly, allowing in unhappiness
269: 13 Properties & Counting with Client Ira BoydMar 22, 2019 23:01
Jason Hartman talks with client Ira Boyd about his journey in real estate investing. Ira started off purchasing properties on his own, with some success but not as much as he'd hoped. After he found Jason's network, however, he's gotten in much better properties and is up to 12 investment properties and his personal residence. Ira discusses how live events aided his journey, where he sees his future in real estate investing, and what areas he thinks he needs to work on.
[2:16] It's almost better not to see the property, because then you're buying based on intellect and not emotion
[5:34] Meet the Masters gave Ira the traction he needed to start investing through Jason's network
[8:44] Ira can't stress enough how much you need to go to an event and how helpful it will be
[13:12] Ira's plan for his portfolio
[17:08] Ira's policy on rent increases needs work
AIPIS 268: Overcoming Obstacles & Self-Managing with Lisa TomitaMar 15, 2019 24:32
Jason Hartman welcomes Lisa Tomita, a client with 4 properties who has recently decided to self-manage two of her properties. Jason and Lisa discuss the ups and downs of investing and how self-managing has turned Lisa into a more empowered investor ready to deal with all the bumps along the way as she moves closer to her financial independence.
[4:04] Lisa's tenant saved her $200 because of the relationship they've developed
[8:53] Lisa recently quit her job so she could focus full time on real estate
[12:58] Self-managing has made Lisa feel more empowered and learned
[17:23] One of Lisa's deals that hasn't gone well broke 4 of Jason's 10 commandments
[23:58] Income property is so durable it's like the self-healing asset
AIPIS 267: Heavy Handed Fed & Self Liquidating Debt with Dan AmermanMar 1, 2019 35:13
Jason Hartman talks with Dan Amerman, CFA and author of books such as Mortgage Securities and Collateralized Mortgage Obligations: Unlock The Secrets Of Mortgage Derivatives, about how a heavy handed Fed has changed how inflation and housing have correlate to each other, why the Fed reacts to quickly, what the Fed is setting interest rates up to do, and much more.
[3:46] The Federal Reserve is getting more heavy handed as years go by, and hints of a coming recession could lead to more intervention
[8:40] Housing tracked inflation better than gold until the Federal Reserve got real heavy handed after 2001
[13:29] The Fed reacts too quickly to things
[15:08] Dan's prediction of where interest rates are about to head
[20:52] Certain Fed actions and yield curve inversions seem to have a correlation
[24:26] The 2 ways to look at inflation
[27:48] The self-liquidating debt
AIPIS 266: Tax Benefits of Real Estate Professionals with Rich Dad Advisor Tax Free Wealth Tom WheelwrightFeb 22, 2019 26:43
Jason Hartman talks with Tom Wheelwright, 2019 Meet the Masters speaker and Rich Dad Advisor, about how to help yourself in your legal tax avoidance using practices such as real estate professional, whether Opportunity Zones might be worth investing in, and why taxes tend to be higher when you retire.
[4:18] The question you need to ask yourself if you can't qualify to be a real estate professional
[8:22] One of the most underutilized assets people have is other people's tax brackets
[10:10] Tom's views on Opportunity Zones
[14:19] The pass through tax deduction and how it applies to real estate investors
[18:22] Being a real estate professional can sometimes mean you can take early withdrawls from an IRA and actually completely negate the penalties
[21:29] You tend to lose a lot of deductions when you retire, so your planning leading in to retirement is crucial
[23:03] The 2 challenges with Roth IRAs when it comes to investing
AIPIS 265: Investing in Baton RougeFeb 15, 2019 17:51
Jason Hartman has been in the Baton Rouge market before, but haven't been there for a while. Now, however, an old LMS is back with new, built-to-rent, construction that provides some solid return on investment. Jason talks to him about why he's back in Baton Rouge, what the new construction looks like, and the pervasiveness of institutional investors that drove him out of the Atlanta market.
[2:49] What kind of properties are being built in this round of inventory
[7:51] Every apartment complex is a build-to-rent deal, but single family build-to-rent is becoming a bigger and bigger market
[10:31] Institutional investors come in with massive amounts of capital that has to be deployed quickly, and it has led them to accept lower returns
[14:25] Are any of the new properties assisted housing?
AIPIS 264: Factors of a Neighborhood Revival with NeighborhoodScout's Andrew SchillerFeb 8, 2019 27:09
Jason Hartman talks with NeighborhoodScout's Founder & CEO, Andrew Schiller, about his company's predictions for the hottest appreciating markets in the US for 2019. Andrew lists the top 10 markets expected to appreciate as well as how to identify an area that's poised to make a turnaround.
[4:41] National numbers are all well and good, but they don't really matter near as much as local numbers
[6:11] Some of the hottest forecasted appreciation markets in 2019
[9:53] How big are Census Tracts and Micro Neighborhoods?
[14:14] What factors makes a neighborhood turn around?
[18:18] Property crimes are much less an impediment to property values as violent crime
[23:52] How do you use Neighborhood Scout to figure out if a neighborhood is turning around?
AIPIS 263: Buying Real Estate with Tax Deferred Capital Gains by Dino ChampagneFeb 1, 2019 33:44
Today's show is all about helping you grow your real estate portfolio as tax free as possible. When you are ready to sell one property and purchase other ones with the proceeds there's no need to pay capital gains taxes at that time when you have a vehicle like a 1031 exchange. Join Jason Hartman and Dino Champagne, Los Angeles Division Manager & VP at Asset Preservation Incorporated, as they discuss the strategies, the complexities and the savings that 1031s can provide.
[3:17] How a 1031 Exchange works
[5:51] Try and avoid a reverse exchange as best you can, because they can get real tricky and lendors aren't fans of them
[7:48] The 45 and 180 day timeframe of a 1031 exchange
[10:37] The 3 different ways you identify properties in a 1031 exchange
[14:59] How much money can a 1031 exchange actually save you and your heirs? It's pretty astounding
[20:18] 1031 exchange accomodators aren't highly regulated, which has led to some scams over the years. What questions do you need to ask when you're searching for one?
[24:19] Changes the new tax law has made on 1031 exchanges
[26:50] Are Opportunity Zones overhyped?
[32:23] With Opportunity Zone investing being so new, vetting the sponsor of the deal is more important than ever
AIPIS 262: Client Case Study with Curtis: 13 Properties & Counting withJan 25, 2019 23:57
Jason Hartman has a client case study with Curtis discussing Curtis' real estate investing journey so far, accumulating 13 properties in the past 3 years. Curtis gives a story about how he dealt with a massive insurance claim and how real estate investing is helping in his long term plans.
[5:32] How bagels got Curtis and his wife into real estate
[11:15] Curtis' experience has been incredibly positive so far
[14:25] Curtis' local insurance was a life saver for them when property damage occurred
[18:34] What are Curtis' plans with his cash flow?
[22:47] Curtis had to be "deprogrammed" in order to real estate invest
AIPIS 261 - Vetting Funds for Opportunity Zone Investments with Mike ZlotnikJan 19, 2019 35:11
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
AIPIS 260: The Cost of Complexity with Etienne DeffargesJan 11, 2019 25:48
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?
AIPIS 259: The Long Con That Is Breaking America with Matt TaibbiJan 5, 2019 27:28
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?
AIPIS 258 - Client Case Study: Preparing for Self Management, Repairs, Software & Late Fees with Adam SchroederDec 22, 2018 40:19
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
AIPIS 257 - Reducing Property Taxes Through Tax Appeals with Keith McIntoshDec 14, 2018 23:55
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
AIPIS 256 - Renting to a Growing Number of Baby Boomers with Paul MooreDec 7, 2018 21:48
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
AIPIS 255 - Mortgage Refunds with Jordan GoodmanNov 30, 2018 22:34
Jason Hartman talks with Jordan Goodman, America's Money Answers Man, about what's going on in the real estate world as the price of homes is rising due to rising material costs. They look into upward pressure being put on rents and how rising interest rates will impact the stock market.
[2:43] The price of homes is going up because of the cost of materials and construction cost, 31% in the past 6 years
[6:38] There's about to be an upward pressure on rents
[7:45] Are people with Adjustable Rate Mortgages overpaying their mortgage and escrows?
[14:24] What's going to happen to the stock market as interest rates rise?
[17:04] The United States is asking China to do something in the trade war that Jordan doesn't believe China can do
AIPIS 254 - My Life and 1,000 Houses with Mitch StephenNov 23, 2018 23:52
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
AIPIS 253 - Seven Figure Decisions with Nick VertucciNov 16, 2018 20:43
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
AIPIS 252 - Using Inflation for Wealth DistributionNov 9, 2018 27:07
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
AIPIS 251 - Insure Your Equity with Value Insured's Joe MelendezNov 2, 2018 29:57
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?
AIPIS 250 - Can You Outsmart an Economist with Steven LandsburgOct 26, 2018 29:37
In this 10th episode, Jason Hartman talks with Steven Landsburg, Professor of Economics at Rochester and author of Can You Outsmart an Economist, about the big economic questions of the day. Steven explains why central planning will never work, the "Economic Berlin Wall" Jason proposes, and why more sex is safer sex (and how that applies to economics).
[5:25] It's virtually impossible for central planners to get economic issues right
[9:55] How minimum wage is taken care of by the Earned Income Tax Credit
[13:14] The "Economic Berlin Wall" in today's society
[22:55] Using economics when considering the world's population
AIPIS 249 - Client Case Study, Diana Dine, Tennessee & Mississippi Visits & Meet The MastersSep 28, 2018 16:00
Jason Hartman talks with client Diana Dine about her experience investing in real estate. Diana just recently bought her first home and is now up to 5 properties between Jackson and Memphis. She recently went to both cities to meet with the Local Market Specialists and discusses her future plans as she moves toward her financial independence.
[2:15] Why did Diana get interested in real estate?
[6:16] Diana decided to buy her first property at the 2018 Meet the Masters
[7:35] Diana's experience meeting the Local Market Specialists
[12:05] How many properties Diana thinks she needs to reach financial independence
AIPIS 248 - New Home Development, Regulatory Impact on Home Prices & Suburb Revival with Matthew GardnerSep 14, 2018 29:04
Jason Hartman talks with Matthew Gardner, Chief Economist at Windermere Real Estate. The two discuss what's going on in the macro US economy, what's going on with home inventory levels, some of the easiest ways to lower home prices, and the Millennial's (mostly futile) quest to save up for a down payment. They also discuss the lack of home inventory and why the loosening of credit regulations isn't going to impact home sales as much as some are hoping. Then they also delve into millennials trying to afford homes and WHERE they can actually afford to live.
[1:18] What's Matthew's take on what's going on in the macroeconomy
[4:06] What's going on with new home development? Will there be any break in inventory shortgage?
[8:19] The easiest way to lower home costs and ease the inventory crisis is by easing regulatory burdens
[11:54] Millenials are having a hard time saving up for a down payment and are asking for a loan from the bank of Mom & Dad
[14:39] Milennials want to live in the "exurbs" in townhomes, but home prices are pushing them out further
[17:05] It's taking a credit score of 740 to get a mortgage loan these days, but even if more people become eligible there's no inventory
[20:16] Factors that could trigger the next business cycle recession and what the next recession might look like
[24:34] Who are the "Boomerang Buyers" and how might they impact the single family rental rate growth?
AIPIS 247 - Self-Management Best Practices & Getting Good Repairs, Case Study with Ben MizesSep 7, 2018 24:16
Jason Hartman talks with 24 year old real estate investor Ben Mizes, co-founder of Clever Real Estate, about how he got started in the business, what lessons he's learned over his time in the industry, and what technologies he's using to keep up with all his properties. Ben also gives a few best practice tips to those who want to get involved in real estate like he is.
[1:23] How Ben became interested in real estate
[5:23] Ben's deal experience as he started growing his portfolio, and why his 2nd deal may have been his most important
[9:34] Ben's thoughts on what's happening in the real estate industry as a whole
[13:10] Best practices when managing your own properties is to make sure you make your expectations very clear with your tenants
[17:45] If you don't do a good job with repairs it makes managing the building that much harder
[20:05] The two main technologies Ben is using for his real estate, and one hack Ben uses to allow his tenants to pay cash
AIPIS 246 - Automated Home Valuations Impact on the Market with Dr Andy KrauseSep 1, 2018 25:32
Jason Hartman talks with Dr Andy Krause, Principal Data Scientist at Greenfield Advisors and AVM Analytics, about the state of automated valuation models (AVMs), the potential future for AVMs, how they work, and what practicalities are slowing their development down. The two also discuss the wide range of uses AVMs have, how they're going to be changing moving forward, and how short-term rentals are impacting housing markets across the country.
[1:16] The biggest AVM people know about is Zillow
[2:18] The science (and accuracy) behind current AVMs
[5:11] 2 things that are stopping a database from happening that would significantly improve appraisals
[9:42] How does the AVM come up with a value?
[15:17] What the AVMs do outside of simply valuing individual homes
[17:38] The future of AVMs
[20:57] The effects of the short-term rental market on the overall housing market
AIPIS 245 - How the Blockchain Can Make Buying Real Estate Cheaper with Propy's Natalia KarayanevaAug 24, 2018 21:25
Jason Hartman talks with Natalia Karayaneva, founder of Propy, about how the blockchain can be used in real estate transactions. The main purpose of doing so is that it can drastically reduce closing costs, and potentially eliminate the need for title insurance in the future (if states allow it). Jason and Natalia look at the uses for Propy and how it can be used both in and outside of the United States.
[1:31] How can the blockchain be used in the real estate world?
[8:27] Do countries outside the US needs this more than the US does?
[13:05] Propy is mostly going to be cutting down on closing costs
[14:13] How do you use Propy in real life?
[18:55] What's the future for Propy?
AIPIS 244 - Lease Guarantees, Property Management Practices & Tenant Screening with American Apartment Owners Association Rent Recovery Service Jeff CronrodAug 17, 2018 26:05
Jason Hartman talks with Jeff Cronrod, founder of the American Apartment Owner Association & founder of Rent Recovery Service, about his new program called Lease Guarantee, and how landlords need to take a more aggressive approach toward tenants who don't pay. They focus today on property management best practices and tenant screening.
[22:02] What is Lease Guarantee?
[24:18] How much does the Lease Guarantee cost and what exactly does it cover?
[28:32] The steps you have to go through when a tenant misses their rent payment
[31:40] What judgement do you need to get for Lease Guarantee to pay out?
[20:02] Jeff's property management best practices, and proper tenant screening
[24:18] What sort of reports are available for landlords?
[20:02] Jeff's property management best practices, and proper tenant screening
[24:18] What sort of reports are available for landlords?
AIPIS 243 - How Cryptocurrencies Can Potentially Tame Inflation with David DrakeAug 10, 2018 26:05
The worlds of cryptocurrencies and crowdfunding can work in harmony, but the world of the long term cryptocurrency lover and day traders may not be so harmonious.
Jason Hartman talks with David Drake, founder of LDJ Capital, about what's going on in the cryptocurrency world, regulations on the ICO market, and how currencies like Bitcoin might be incorporated into international currency baskets.
[3:33] What kind of regulations do ICOs have?
[8:13] Cryptocurrencies are now seeing two worlds collide: the old guard of people who are buying and holding versus the hedge funds coming in to trade and make money quickly
[12:12] G7 might put Bitcoin into their currency baskets because they're anti-inflationary
[15:07] Can cryptocurrencies overcome any potential opposition from governments and central banks?
AIPIS 242 - Negotiating Your Property Management Contract - Client Case Study with MuthiahAug 3, 2018 38:16
Jason Hartman presents a client case study with Muthiah where the two discuss an incident Muthiah recently had with a vendor, and what actions you can take when you're being wronged. They explore the actual process of Muthiah filing a claim against a bad provider and how he was about to get restitution after some avenues had failed. Jason also explains how to get a hold of his Hall of Shame resource list, and why you should file complaints even if they're not likely to help you alone.
[2:37] What happened to Muthiah that created tension with the seller
[5:13] If the seller wants to close before the repairs are completed, the only way you accept is if they have money held in escrow in case they don't do what they promised
[8:28] The two ends of the company spectrum
[11:28] What Jason wants you to negotiate with your property management contract
[15:41] The inherent conflict of interest with property managers
[23:04] Muthiah has never tried to self manage his current 20 properties
[26:04] Want Jason Hartman's Hall of Shame resource list? Fill out any form on JasonHartman.com
[28:22] Muthiah's process of filing complaints against the provider
[32:53] You're not just filing these complaints for yourself, it's your duty to protect other people
AIPIS 241 - Are Millennials the Renter Generation? with Ali WolfJul 27, 2018 34:35
There is a lot of talk in the news lately about a possible downturn in the US economy, yet Jason’s guest, Ali Wolf of Meyers Research is staying bullish. She says the important indicators to watch aren’t showing the normal warning signs of a market drop. Ali also discusses the trends of Millennials with regards to renting vs. buying a home, their purchasing cycles and what they are willing, and not willing, to pay for.
[01:03] Are we at the end of a business cycle?
[04:30] Ali uses the Quits ratio to judge the state of the economy.
[06:39] Three critical indicators to use as early warning signs to a possible market drop.
[09:29] Wiil Millennials be staying put and buying homes or are they the rental generation?
[16:33] Why modern, prefab homes may offer Millennials more amenities than space.
[27:34] Inventory of existing, resale housing is lower in every single market Zondo tracks.
AIPIS 240 - Pope Francis' Vision for a Caring Society with Dr Robert WhaplesJul 21, 2018 26:01
In this 10th episode, Jason Hartman talks with Dr. Robert Whaples, Professor and Chair in the Department of Economics, Wake Forest University and co-editor and managing editor of The Independent Review. The two discuss the current Pope's world view and the nature of the Catholic church today.
[2:58] What is Pope Francis' world view?
[7:23] How the economy is connected to the environment in the Pope's world view
[13:02] Do we need environmental regulations and taxes?
[14:49] Have we just exported our pollution?
[20:05] Where does the Catholic church come in on the uneven playing fields of markets and oligarchies
AIPIS 239 - Why People Aren't Taking the Mortgage Tax DeductionJul 14, 2018 23:53
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.
[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
AIPIS 238 - Asset Inflation & the Investor Class with Pragmatic Capitalist Cullen RocheJul 7, 2018 34:12
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.
[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
AIPIS 237 - Slicing Pie in Real Estate Deals with Mike MoyerJun 30, 2018 28:15
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.
[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?
AIPIS 236 - 12 Months, 11 Properties with Marine Corps Veteran Adam Jackson, Client Case StudyJun 23, 2018 33:14
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.
[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
AIPIS 235 - Holding Weasels Accountable with Client SeanJun 16, 2018 19:23
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.
[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
AIPIS 234 - Client Case Study, Avoiding Bad Investments By Following Jason's 10 Commandments with SeanJun 9, 2018 26:05
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.
[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
AIPIS 233 - How to Settle Your Unaffordable Debts for Pennies on the Dollar with Jorge NewberyJun 2, 2018 28:58
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.
[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
AIPIS 232 - A New App to Help You Self Manage with Sara McFarlandMay 26, 2018 10:49
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.
AIPIS 231 - How to Solve the Affordable Housing Problem with NHP Foundation's Richard BurnsMay 5, 2018 21:30
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.
[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
AIPIS 230 - Turbocharge Your Focus, Productivity, & Success with Peter ShankmanApr 28, 2018 18:18
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.
[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
AIPIS 229 - What Rising Interest Rates Mean & Smart Government Investing with Richard Duncan, Part 2Apr 21, 2018 20:34
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
(promo code: GLOBAL for 50% off)
AIPIS 228 - Asset Inflation and Millennial Investing Habits with Macro Watch's Richard Duncan, Part 1Apr 14, 2018 24:33
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?
(promo code: GLOBAL for 50% off)
AIPIS 227 - Lenda, an Online Mortgage Platform with Jason van den BrandApr 7, 2018 24:22
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?
AIPIS 225 - AirBnB Regulation, Litgation, the Constitution, & Good Management with Flavia BerysMar 25, 2018 26:08
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
AIPIS 224 - Prepare for Rent Inflation & Mason's 5 Year PlanMar 17, 2018 27:04
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
AIPIS 223 - From Nothing to Success with Tom CafarellaMar 10, 2018 22:46
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?
AIPIS 222 - Real Estate vs the National DebtMar 3, 2018 37:34
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
AIPIS 221 - A Second Mortgage Crisis Headed Our Way? with Kerry LutzFeb 24, 2018 21:57
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
AIPIS 220 - Testing Your Ego Strength & Ego Drive with Peter SageFeb 17, 2018 29:10
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
AIPIS 219 - Nationwide Pricing Trends, & Gen-Y Housing with Jeff MeyersFeb 11, 2018 22:32
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
AIPIS 218 - The 5 Market Types in the USA with John BurnsFeb 6, 2018 25:34
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
AIPIS 217 - The Future of Inflation (or Deflation) in the US with Moneyball Economist Andrew Zatlin, Part 2Jan 27, 2018 22:37
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
AIPIS 216 - Home Builders Searching for Labor with Andrew ZatlinJan 6, 2018 33:49
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
2018 Meet the Masters Adds Ken McElroy to the LineupJan 3, 2018 03:38
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.
AIPIS - Meet the Masters Now Features Ron PaulJan 2, 2018 05:18
2018's Meet the Masters event was already packed with great speakers like Jason Hartman, Garrett Sutton, Brian Smith, Danielle DiMartino-Booth, John Burns, and more. Today, Jason Hartman is proud to announce that former Congressman (and America's foremost advocate for libery) Ron Paul will be joining the fold to headline the event.
Ron Paul was most recently a Republican candidate for President in 2008 and 2012, and served in the US House of Representatives for Texas for more than 25 years in all. He is a critic of policies like the USA Patriot Act and has criticized the federal governments fiscal policies a multitude of times. He's also outspoken against Federal Reserve, and the US tax code.
AIPIS 215 - What the GOP Tax Reform Means For You and Your Properties with Ryan SchellhousDec 30, 2017 45:36
Jason Hartman talks with Ryan Schellhous, founder at IndigoSpire CPAs & Advisors, about the new tax plan. The two start off with a 30,000 foot overview of the plan, then drill down into specific components of the plan as they figure out who is going to be helped and who may not see as much of a benefit under the plan. Ryan explains the biggest revenue raisers and "losers" under the new bill, and some of the most important pieces that will impact individual filers.
[3:36] The 30,000 foot overview of the GOP Tax Reform
[5:31] Will this tax reform create a repatriation of wealth back to the US?
[9:22] The move that mobilized the GOP forces toward tax reform
[11:19] The 2nd most important thing in the tax plan was the widening of tax brackets and lowering of rates for individuals
[13:29] The standard deducation has been increased, which should increase the number of simple 1040s being filed
[16:30] The single largest revenue raiser in the entire bill
[18:42] The change in mortgage interest deductions could cause a dampening in the high end real estate market
[21:12] The Alternative Minimum Tax isn't gone, but it's gone through an overhaul
[23:03] Pass-through businesses are getting a 20% deduction
[30:02] The accelerated bonus depreciation is enormous for real estate investors
[33:34] Changes to the 1031 Exchange rule
[37:37] The carried interest rules have changed as well, impacting the hedge fund managers trading techniques
[39:26] 529 plans (education plans for children) can now be used to pay for private schools
[40:00] Some tax changes that were EXPECTED but didn't end up happening
AIPIS 214 - Rich Dad Advisor Ken McElroy - Doing Property Management Right, Home Ownership Myth, Critical Investment FactorsDec 23, 2017 30:14
Jason Hartman interviews Rich Dad Advisor Ken McElroy, who will be speaking at this year's Meet the Masters of Income Property in La Jolla. Ken tells Jason some of the most common mistakes he sees real estate investors make, why you can't just buy real estate any time you like, and some tips on how to do property management the right way.
They also discuss why the American idea of home ownership may be a massive myth, and two critical pieces to your investment success.
[4:44] The two common mistakes Ken sees in real estate investors
[6:47] Real estate is cyclical, so you can't just buy all the time throughout your career
[9:09] Ken's real estate business model
[10:48] Some tips on how to do property management right
[13:29] C class properties look good on paper, but in the long run, better quality properties bring better quality tenants
[20:16] It's important to treat all your residents as your customers
[21:42] Is the idea of home ownership a myth?
[23:55] Population growth and migration are two things critical to investment success
[27:14] The state of the states
AIPIS 213 - Crowdfunding Bonds & Loans for Residential Real Estate with Ray SturmDec 2, 2017 18:35
We've all heard about crowdfunding sites like GoFundMe, KickStarter, and IndieGoGo. Now, however, there's crowdfunding for real estate deals, and AlphaFlow is one of the leaders in the industry.
Jason Hartman talks with Ray Sturm, co-founder and CEO of AlphaFlow, about how it all works, what kinds of deals AlphaFlow is interested in, and why some deals just don't work.
[2:44] What AlphaFlow is and how it works
[4:43] The regulations AlphaFlow has to follow
[7:28] In real estate crowdfunding you have to commit early
[11:32] Why AlphaFlow sticks with residential real estate
[14:43] The interest rates that borrowers are paying and how the loan breakdown works
[17:18] AlphaFlow stays away from refinancing deals
AIPIS 212 - An Immigrants Journey to an Apartment Syndication Empire with Vinney ChopraNov 25, 2017 27:41
Vinney Chopra came into the United States with $7 in his pockets, and a work ethic to take him far in life. From selling encyclopedias door to door for 80 hours a week to now buying $25+ million apartment complexes, Vinney hasn't let anything stand in his way.
Listen in as Vinney tells Jason Hartman the story of his immigration, and how his investment career has unfolded.
[1:40] Vinney's immigration story
[4:31] Vinney first started earning his money by selling encyclopedias door to door
[8:18] The first home Vinney bought, and when he got into the rental property business
[11:53] Transitioning from single family homes to multifamily
[15:03] There are things you can do with multifamily investments that don't make sense for single family
[19:22] Portability has become the new norm for residents of apartments and single family homes
AIPIS 211 - Fannie Mae Appreciation Rates with Clay SlocumNov 18, 2017 45:42
Jason welcomes client, Clay Slocum to the show. Clay is a millennial who currently has four properties in his real estate portfolio. Before buying his first property, Clay worked diligently with Oscar, his Investment Counselor, and a Local Market Specialist to play around with the numbers and he discovered his initial investment could grow exponentially. Clay shares his insights on the power of compounding interest, asset protection, and the Memphis market.
[2:33] Compound interest can be a powerful tool against inflation.
[8:15] Engineers take an analytical approach to investing.
[10:25] After 18 years, $100,000 grow to 14 million.
[17:46] Jason explains a Deferred Sales Trust.
[21:42] If you are on the fence about investing talk with an investment counselor.
[32:36] Asset Protection is a complicated subject you should speak with a lawyer about.
[42:01] Resources for tax help.
"Opportunity cost is a cost most people don’t evaluate."
"When it comes to asset protection most people think about the internal threat, not the external threat which can be costlier."
AIPIS 210 - The Peaceful Warrior Returns with Dan MillmanNov 12, 2017 25:50
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.
[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
AIPIS 209 - Getting Over the Mental Hurdle of Self Managing Remote Properties with Cash Flow Guys Tyler SheffNov 4, 2017 28:05
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.
[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
AIPIS 208 - US Taxes Create the Demand and Value for the Dollar with Mike NormanOct 27, 2017 35:08
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.
[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.
AIPIS 207 - Interest Rates Impact on Prices & RentsOct 20, 2017 29:16
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.
[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.
"The Fed has weapons it can use to fix the economy and interest rates are one of those weapons."
AIPIS 206 - Adapting Your Real Estate Program to Service Celebrity Clients with Kofi NarteyOct 14, 2017 16:50
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.
[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
"You cannot be awestruck. Part of servicing sports & entertainment clientele is that you have to be a safe haven for them"
AIPIS 205 - What Your Tenant Needs to Rent Your Property with Gary PinkertonOct 7, 2017 36:56
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.
[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.
AIPIS 204 - We're in a 50 Year Rental PeakSep 30, 2017 30:13
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.
[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.
AIPIS 203 - How to Track & Analyze Your Real Estate Properties with Property TrackerSep 23, 2017 38:43
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.
[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.
AIPIS 202 - Using Big Data for a Better Real Estate Portfolio with Donna SalvatoreSep 15, 2017 23:11
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.
[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
AIPIS 201 - Market Cycles and the War on the Middle Class with Patrick DonohoeSep 8, 2017 47:01
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.
[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.
AIPIS 200 - A Positive Destruction Revolution with Seth MerrinSep 1, 2017 24:35
In the early 1980s Seth Merrin was an intern on Wall Street who saw ways the industry could change for the better. His first startup was an order management software that asset managers around the world use. He later created the company Liquidnet Holdings that allows institutional investors to trade large blocks of stock.
Jason Hartman caught up with Seth to talk about his newest book, The Power of Positive Destruction, and how business owners can take ideas from other industries and disrupt theirs.
[1:01] The premise for the Power of Positive Destruction
[3:05] Taking things from one successful industry, and applying them to your different industry, can provide huge boons
[5:50] The positive destruction created by companies like Uber, Lyft, AirBnB, etc
[9:14] The art and science of launching a company
[12:39] How Seth applied the principles from his book on his own companies
[16:20] Whether Wall Street is swinging back toward being an institutional game, and how Seth's platform plays in that
[21:18] The idea of corporate responsibility, and how the proceeds from the book sales are going to help house the orphans of the genocide in Rwanda
AIPIS 199 - Foreign Investors Impact on US Markets with Elisabeth EmbryAug 26, 2017 34:02
Elisabeth and Jason finally get back together to talk about what's going on in the world of real estate and inflation right now. They discuss some linear, hybrid, and cyclical markets, as well as the influence of foreign investors in the US real estate landscape.
[1:01] What Jason learned on his 7 week vacation/trip to Europe
[5:03] The patterns of countries like Japan and the importance of demographics
[9:28] Whether "this time it's different" is at all applicable in this cycle, or if it's just wishful thinking before a bubble bursts
[13:36] Donald Trump is loosening the flood gates of money, and how it will effect real estate investing
[19:16] The impact that foreign investment has on US markets
[26:01] A lot of the invisible inflation can be seen is by the rise of self-service
[31:14] We've got to stop viewing minimum wage jobs as careers
AIPIS 198 - Short-Term Rental Self-Management Success with Julia SpencerAug 21, 2017 41:44
Julia Spencer used to invest in long-term rental homes, but decided to switch over to short-term rentals a few years ago. She shares with Jason what she has learned over the years while self-managing the properties she owns, and gives some tips on how to avoid pitfalls that she experienced. The fears of an all consuming time commitment, never being able to go on a vacation, and having your home destroyed by guests are explored, and we find out the true income potential of short-term rentals.
[2:43] Julia has about 30 listings for her 7 homes
[6:56] Julia's portfolio prior to starting short-term rentals
[9:40] The importance of the review system in the short-term rental market
[12:45] Julia started her short-term rental career by moving out of her own house and renting it out, and got rid of some of her long-term rental homes
[16:37] Short-term rentals and problems with neighbors
[21:10] Red flags (and green flags) for properties you're considering for short-term rentals
[25:38] What team members do you need in order to self-manage?
[31:11] Whether Julia has ever looked into using (or used) a property manager
[34:28] How Julia streamlines her operations
[38:08] A real life example of what kind of profits Julia makes on her properties
AIPIS 197 - Foreign Investors Impact on US Real Estate Markets with Harry DentAug 19, 2017 27:41
In 2016 Jason was joined by Harry Dent, from Dent Research, to discuss the tax benefits you can get from moving to a US territory like Puerto Rico, some cyclical markets that are out of control, demographic problems around the world, inflation, and foreign investors in US real estate.
[1:20] Harry's new home in Puerto Rico, and the tax benefits he can receive
[5:18] Vancouver real estate is out of control
[10:31] Japan's biggest problem is a demographic problem
[14:21] Previously Harry had predicted a drop in gold which hasn't happened, does he still believe it's going to go down or was he wrong?
[19:01] In a deflationary environment the only chance you have to make money is in yield, which can be found in linear markets with cash flowing properties
[24:22] Most foreign real estate investors are legally laundering their money out of their country
AIPIS 196 - The New Depression: The Breakdown of the Paper Money Economy with Richard Duncan, Part 2Aug 5, 2017 26:58
Part 2 of Jason’s interview with Richard Duncan includes information about the what Richard believes will happen if the government doesn’t continue to intervene in keeping the global bubble afloat, how the government can get back to the black and why we are at a unique time in economic history.
Richard Duncan is Chief Economist at Black Horse Asset Management, the author of The New Depression: The Breakdown of the Paper Money Economy and The Dollar Crisis: Causes, Consequences, Cures. His Macro Watch video series can help individuals to clearly understand how the financial system really works. Mr. Duncan previously held the position of economist for the World Bank and the International Monetary Fund.
[1:00] Once the US moved from a gold backed monetary system to paper money system the rules changed.
[10:35] Who has benefited most from a globally-based economy?
[13:16] The global bubble is inflated by government policy.
[16:15] The combination of printing money and globalization makes this a unique time in history.
[21:33] How Richard Duncan believes the US can pull itself out of debt.
AIPIS 195 - The New Depression: The Breakdown of the Paper Money Economy with Richard Duncan, Part 1Jul 29, 2017 27:03
This week’s episode is an enlightening economic conversation you don’t want to miss. Jason welcomes Richard Duncan back to the show for the first of a two-part conversation about what is driving the economy and which mistakes could catapult the US into a recession.
Richard Duncan is Chief Economist at Black Horse Asset Management, the author of The New Depression: The Breakdown of the Paper Money Economy and The Dollar Crisis: Causes, Consequences, Cures. His Macro Watch video series can help individuals to clearly understand how the financial system really works. Mr. Duncan previously held the position of economist for the World Bank and the International Monetary Fund.
[1:11] Richard Duncan has a unique, insider’s view of world economics and FIAT money.
[6:16] In the US, when credit grows less than 2% the US goes into recession.
[11:27] Creditism is the new Capitalism.
[13:47] Looking back at the policies which saved the world economy in 2008.
[19:45] It’s a very sensitive moment in the economy as the Fed is considering reversing quantitative easing.
[23:37] Globalization has changed the way the economic game is played.
AIPIS 194 - Investing During the Everything Bubble with Mish ShedlockJul 22, 2017 28:32
Bubbles have come and gone throughout history. One area expands too much and crashes, but there are usually other asset classes that are insulated from the bust.
But what if it's an everything bubble? What if real estate, stock markets, commodities, and everything else is in a bubble? What can you do in that situation?
Jason Hartman talks with Mish Shedlock, economist and investment advisor at SitkaPacific Capital Management, about what's going on right now and where you may find some decent investments amidst the bubbles.
[3:12] Mish's Rule of Progress
[10:28] The Shiller P/E Ratio Chart and what it says about the market today
[12:13] The Buffett Indicator
[16:08] The Mish Shedlock investing thoughts for right now
[19:46] How asset inflation is leaving investors behind
[24:12] Some real estate price examples on the East coast that show the dangerous bubble we're probably in, and how policies are set up to aid the rich in their wealth creation
AIPIS 193 - Insuring Rental Income with LeaseLock's Reichen KuhlJul 15, 2017 20:40
Income generating real estate is the most historical proven asset classes in the world. Jason talks with Reichen Kuhl, CEO and founder of LeaseLock, about his program for landlords. LeaseLock is designed to identify rent payers and protects landlords from tenants who don't pay rent.
[1:30] LeaseLock is an insurance policy a tenant will pay the rent.
[5:07] How exactly does the LeaseLock know who will be a rent payer?
[10:42] Insurance industries are able to insure people differently in spite of Fair Housing laws.
[12:49] The cost is LeaseLock is 7% of the full lease value of the rental unit.
[16:05] Miscellaneous information about LeaseLock as a business.
AIPIS 192 - Why Wall Street Matters with William CohanJul 8, 2017 22:03
Jason Hartman welcomes William Cohan, New York Times columnist, special correspondent for Vanity Fair, former contributor to Bloomberg View, and author books such as Why Wall Street Matters, The Last Tycoons, and House of Cards.
William tells Jason his views on the Trump administration, why Donald has had a hard time draining the swamp and who really is to thank for the low unemployment rate and the steady economy.
[1:13] The Trump administration, leverage and cleaning out the gears of the machine that is the US economy.
[7:24] A grand bargain with Wall Street would mean revamping much of its incentive system.
[13:40] Draining the swamp is harder to do than it looks.
[13:23] What we should expect out of the economy and employment.
AIPIS 191 - The Color of Law: A Forgotten History of How Our Government Segregated America with Richard RothsteinJun 30, 2017 37:07
Neighborhoods throughout America are more segregated than ever, and a lot of people don't realize that governmental action is a big reason why. Richard Rothstein is author of The Color of Law: A Forgotten History of How Our Government Segregated America, and he tells Jason about how laws kept certain groups of people in certain areas of society, and how it still resonates today. Richard also tells Jason some pretty simple rule changes that could spur integration, and more affordable housing in general, throughout the country.
[1:27] The government's involvement in the segregation of our neighborhoods
[3:58] How governmental actions created segregated suburban communities like Levittown, NY and Lakewood, CA
[7:27] The FHA would only guarantee loans to developers if they promised not to sell homes to African-Americans
[10:24] The Fair Housing Act of 1968 didn't actually solve any problems because the home values had become unaffordable for working class families
[19:08] Jason's take on "Environmental Racism"
[23:12] There has been some recent growth of African-American suburbs, but not integrated suburbs
[27:07] Richard's take on Ben Carson as head of HUD & Section 8 housing
[30:39] How Section 8 housing re-enforces segregation and keeps people out of middle class neighborhoods, while allowing landlords to raise their rents
AIPIS 190 - The Soul of the First Amendment with Floyd AbramsJun 24, 2017 23:40
The First Amendment is frequently cited by anyone who is told to quiet down what they are saying. But what does it actually protect, and from whom? Floyd Abrams represented The New York Times in the 1971 Pentagon Papers case, and is author of the new book The Soul of the First Amendment. He explains to Jason how the First Amendment actually protects us, what it DOESN'T protect us from, and why some areas aren't as protected as others.
From comments made online to business practices, it's important to know how much damage your speech can have, both to the subject of your speech and to yourself in any potential lawsuit.
[2:23] Floyd's background and some of the landmark cases he's been a part of like the Pentagon Papers
[6:25] The First Amendment and college campus free speech issues
[8:10] Areas of our society we don't realize are government controlled and subject to different free speech rules
[10:45] The broadcast medium is nearing the free speech protections as print media
[15:17] The First Amendment and "fake news"
[20:03] The First Amendment and the internet users getting sued for comments/reviews/etc
AIPIS 189 - What Will Autonomous Cars Do to People's Living Tendencies with Matt SlepinJun 17, 2017 26:58
The housing market is always on a pendulum, but where are we now? Self driving cars are going to be changing the dynamics of our society, but are they going to push more people into the city or have more people moving to the suburbs? Jason Hartman and Matt Slepin, President of Terra Search Partners, discuss what is going on in real estate today, and how our changing environment is impacting real estate in the future.
[3:06] Where Matt thinks we are in the business cycle, and whether we've overbuilt apartments
[7:19] The issues going on in the retail and office investment markets, and why apartment investing makes more sense these days
[11:43] The rise of the autonomous vehicles and how they will change the real estate demand equation
[15:59] What does Urban Land Institute do and what issues are being discussed?
[19:52] What Matt has learned in his real estate podcast
[23:21] Two conflicting trends in property management
AIPIS 188 - Son of a Gambling Man with Governor Robert MillerJun 10, 2017 21:07
Bob Miller might have started his career as a police officer, but he didn't stop there. He worked his way up to become the longest serving governor in Nevada history, with a mindset of encouraging economic development through environmentally friendly tourism, specifically Las Vegas.
But Vegas wasn't always in Bob's future. Bob's dad was a gaming pioneer, and he steered Bob away from the Vegas experience and pointed him in the direction of legal advocacy. After he graduated from law school and worked his way up to the governorship, Bob used his legal background to help Nevada transition Vegas into the powerhouse of entertainment that it is today.
Jason Hartman and Bob talk about Bob's new book Son of a Gambling Man, and what Vegas was, what it is, and how the law impacted Bob's entire life.
[6:05] Where Bob sees Las Vegas, and the state of Nevada, headed
[11:02] When Vegas changed from a place with cheap food/transportation/hotel rooms to get you to come in and gamble, to a place where it's expensive and has booming business outside of gambling
[16:03] Bob's experience as a lawyer
AIPIS 187 - New Fannie Mae Rules Are Giving Borrowers Better FinancingJun 2, 2017 23:04
New Fannie Mae rules were recently announced, and it's going to impact your financing. Joe, Jason Hartman's lender, is here to talk about how these new rules are going to impact your investment home purchasing. There are caveats to the 20% down on your first 10 properties, but once you own the property, you have options.
[2:10] Fannie Mae allows borrowers to put 20% down or the first 10 properties.
[4:23] Interest rates are rising so lock the rate on your property rate now.
[9:17] 85-90 days in the maximum time to lock in a rate.
[10:48] Joe explains loan level price adjustments to rate.
[13:02] The Trump administration may replace the head of the Consumer Financial Protection Bureau.
[17:55] The ease or difficulty of qualifying for a loan.
AIPIS 186 - Asset Matrix Inflation vs DeflationMay 27, 2017 31:24
Income property inventory is low after single-family home sales rose in January. Jason explains why an inflationary period is a great time to invest in single family homes during this live recording from one of his recent seminars. He also says the signs are pointing toward such an inflationary environment under a Trump presidency.
[1:14] Inflation induced debt destruction by way of a mortgage.
[3:21] Inflation numbers are always adjusted by the government
[10:49] The ultimate investing equation.
[18:08] If it doesn't generate income, it's not an investment
[19:59] Inflation crushes cash and bonds
[22:01] The IRS does not account for inflation.
[25:15] Loan defaults happen during deflationary periods as well
[27:38] If you have a corporate job you are paying more taxes than the self-employed.
AIPIS 185 - How to Get Approved for the Best Mortgage Without Sticking a Fork in Your Eye with Elysia StobbeMay 20, 2017 16:00
Elysia Stobbe's real estate career has seen her help close more than $250 million in residential mortgage loans. Jason Hartman talks with Elysia about her best selling book How to Get Approved for the Best Mortgage Without Sticking a Fork in Your Eye. The two discuss money mistakes that investors frequently make, what to expect from the mortgage industry in the next few years, some crucial borrowing strategies, and more.
[1:42] The 3 monumental money mistakes to avoid
[5:12] The state of the mortgage industry
[8:40] Key borrowing techniques for investors
[11:50] There are still great returns out there, so stop waiting
AIPIS 184 - Self Managing Your Properties with Nathan MillerMay 13, 2017 26:28
Jason Hartman talks with the founder of Rentec Direct, Nathan Miller, as the two seek to help investors self manage their properties with tools such as Rentec Direct. Rentec offers complete solutions including inventory, property management tools, and now exclusive financing with terms you will appreciate. Nathan says Rentec Direct is designed for investors with 2-20 income properties. Tenant screening, automated payments and a property manager access option makes the tool accessible and easy to use.
[1:52] Rentec Direct’s average client is an investor with 2-20 properties.
[3:51] The Rentec tool is designed to make a landlord’s life easier.
[9:01] Tenant screening is via Trans-Union.
[13:58] Rentec PM has the option to open an owner/investors portal and is 20% more.
[18:27] What differentiates Rentec Direct from their competition?
[24:02] Live chat support is available within the program.
“The most important part of renting a home is picking the right tenant.”
AIPIS 183 - The Opportunistic Investor Sentiment with Frances DonaldMay 5, 2017 26:22
Jason Hartman talks with Frances Donald, Senior Economist at Manulife Asset Management and Chief Economist at John Hancock Financial Services. The two discuss consumer, investor, and executive sentiment numbers in the home and job market. Frances can't say for certain whether or not Trump is the reason behind the economic resurgence, but she does believe Trump's potential policy changes are the reason behind the stock market rally.
Frances and Jason also discuss how the real estate market still has pent up demand despite growing student loan debt and young people being unable to buy homes.
[1:12] Investor sentiment gives a positive outlook for the US economy
[3:54] Is Trump the cause of the economic forecast?
[5:11] Rising interest rates present a challenge for the housing market
[8:12] Trump is inspiring confidence in companies all across the country
[9:53] Real estate investment is a small part of the total economy
[14:30] There are two true drivers of rental housing
[17:02] The housing and rental markets are not currently in their natural order
[20:41] The importance of demographics in relation to wage growth
There are fewer multipliers to growth from a rental market than there are from a housing market.
AIPIS 182 - Luxury Properties and Travel Club Perks with ThirdHome's Wade ShealyApr 28, 2017 19:00
Jason Hartman talks with Founder, CEO, and Chairman of ThirdHome, Wade Shealy. The two discuss how people with vacation homes can loan out their vacation spot while getting access to thousands of properties in desirable areas for as little as $395 for a week. So if you're tired of going to the same spot for your vacation year after year, maybe it's time to borrow someone else's for a change.
[2:41] How ThirdHome differs from timeshare business models
[6:06] What you have to do to be eligible for membership into ThirdHome
[10:36] How ThirdHome relationships with other organizations works
[13:56] The cleaning process after guests leave your vacation home
[15:26] Relationships that have been cultivated through ThirdHomes, and some of the membership perks
AIPIS 181 - Avoiding Tax Crimes and Properly Contracting Labor with Robert WoodApr 22, 2017 24:06
Jason Hartman talks with Robert W Wood, Managing Partner of Wood LLP. Robert is a tax attorney who deals in matters both corporate and individual. He has been ranked by the US Lawyer Rankings as a Top 6 tax lawyer in the country.
Jason and Robert discuss things people do with their taxes that might open them up to prosecution, and how to avoid turning your contractors into full time employees in the eyes of the law.
[1:19] Should offshore accounts be avoided?
[3:41] You could be unknowingly breaking the tax law
[4:42] The main way IRS criminal cases come about
[7:40] What to do if the IRS criminal division comes for you
[10:05] How lawsuit settlements are seen in the eyes of the tax law
[11:56] What you need to know, tax wise, about hiring freelancers
[17:40] The dangers of having freelancers and employees doing the same jobs
AIPIS 180 - The 10X Rule with Grant CardoneApr 15, 2017 27:14
Jason Hartman talks with Grant Cardone, Executive Producer of Turnaround King and host of The Cardone Zone. Grant is also the author of The 10X Rule, and he talks with Jason about how you can make your life be what you want, why he wrote his book, and why it's important to be self sufficient.
[4:30] Grant’s new venture Act Like Success is based on committing first and figure the rest out later.
[9:52] The 10X Rule is based on a concept that the goals, targets and actions people are making are low based on their potential.
[12:07] How to stay excited and make your goals 10X.
[13:57] Breaking free of middle-class thinking.
[21:17] Find power in who you know not what you know.
[25:46] You have to do whatever it takes!
AIPIS 179 - How the Financial Elite Rule the World with Sandra NavidiApr 8, 2017 31:03
Jason Hartman talks with Sandra Navidi, author of the new book Superhubs: How the Financial Elite and their Networks Rule Our World.
Sandra is a former investment banker at Scarsdale Equities, and is now the founder and CEO of BeyondGlobal. Sandra received her law degree from the University of Cologne School of Law, Germany, as well as a Master-of-Law Degree in Banking Corporate and Finance law from Fordham University School of Law, USA. Navidi’s economic perspective is described as “from micro to macro”.
[1:40] Why financial superhubs are of interest to Sandra
[5:55] The superhubs are the same as all networks, but with significant more power
[9:12] How the actions of various superhubs can impact your life
[14:03] Can an average person get access to superhubs?
[18:02] How many superhubs are out there
[21:10] Some of the biggest names in the financial world have relatively low net worths
[27:21] If we don't correct our system, it will correct itself, and it might not be pretty
AIPIS 178 - Disrupting the Property Management Business with Muthiah NachiappanMar 30, 2017 37:11
Jason Hartman talks with one of his clients, and owner of 9 properties, Muthiah Nachiappan. Muthiah has pored over many property management contracts, and he discusses his self-designed Property Management Survey, fees property managers charge but shouldn't be paid for, and how he got into income property investing. Jason also gives listeners 4 options for property management, and then discusses the 3 options property management companies have to take advantage of if they want to stay in business.
[2:44] Property Management contracts always skew toward the writer of the contract
[4:06] Jason thinks the property management business is ripe for disruption via things like self-management, a la carte services, and flat fees.
[7:38] Muthiah's road to income property investing
[11:28] Muthiah's Property Management Survey.
[16:01] What the flat fee system Jason envisions is
[21:30] 4 property management options the every investor should know
[26:52] A hybrid option for property management needs to be available
[31:21] It's important that your property management company know that you're an educated owner who won't be taken advantage of.
[33:48] Muthiah shares his future investment plans and his retirement objectives.
AIPIS 177 - The Current Real Estate Market for Manufacturing, Office, Retail, Industrial and Multi-Family with Andrew WrightMar 10, 2017 24:31
Jason Hartman talks with Andrew Wright, CEO and Managing Partner at the commercial real estate firm, Franklin Street. He has grown the company to more than 200 employees in major markets throughout the Southeast.
He has been involved in over $1 billion in real estate and finance transactions, and also has experience in distressed real estate, negotiating the resolution of more than $800 million in debt since 2009.
The two discuss the changing nature of real estate thanks to technology, and what sectors are still worth investing in today.
[1:35] How Andrew expects Trump to impact real estate under Trump
[4:59] How much the internet has changed retail centers
[8:31] Internet shopping has changed the demand for warehouse real estate and the delivery industry
[12:54] Andrew's take on the supply/demand status of the market right now
[17:03] What kinds of cap rates Andrew is seeing out there these days
[19:08] Andrew's favorite real estate investment today
AIPIS 176 - Be Wealthy and Smart with Linda P JonesMar 8, 2017 21:55
On September 30, 2016, Linda Jones invited Jason Hartman on to Be Wealthy and Smart to talk about the all important LTI ratio. Jason explains why high land values aren't necessarily a good thing, and how his "Hartman Risk Evaluator" can help you identify cyclical markets to avoid and linear markets that are ripe for investing.
[4:34] The importance of the LTI ratio
[7:28] Jason's "packaged commodities investing" idea
[11:41] How much land values can change the price of your home
[15:08] How the "Hartman Risk Evaluator" can help you invest
[18:44] The danger that comes from believing someone can predict changes in home prices
AIPIS 175 - Big Shifts Ahead with Chris PorterFeb 24, 2017 31:36
Chris Porter is coauthor of the new book Big Shifts Ahead, and VP and Chief Demographer at John Burns Real Estate Consulting. Jason Hartman talks with Chris about how demographic issues can impact the real estate market, the economy, and business cycles.
[2:15] Exploring Chris' new book: Big Shifts Ahead: Demographic Clarity for Businesses.
[4:47] Generational nicknames given to generations based on the shifts they ushered in.
[13:20] The new generation is probably going to behave like their grandparents rather than their parents
[14:16] The housing market is about to experience shadow demand
[16:35] A third of all population growth in the US can be attributed to immigration
[18:51] John Burns Real Estate consulting believes home ownership, over the next decade, will fall below 61%
[22:17] Business relocation incentives in the south are enticing
[23:52] Differentiating between urban, suburban, and rural communities.
[28:26] How to bring the best of the urban settings to stereotypically suburban environments.
AIPIS 174 - Managing Your Own Properties with Help from Rentec Direct with Nathan MillerFeb 22, 2017 26:28
Jason Hartman talks with Nathan Miller, the founder of Rentec Direct. Rentec Direct is a client-focused program designed for investors with 2-20 income properties. The tool allows you to have a website, auto draft rent payments, full bank, property and tenant ledger, tenant screening, publish vacancies to sites like Craigslist, online file management, and more.
[1:57] Why Rentec is designed for investors with 2-20 properties.
[3:56] The primary purpose of Rentec is to make the real estate investors life easier
[9:06] All screening for tenants is done by Trans-Union
[14:03] For 20% more you can use Rentec PM and have an owner/investors portal
[18:32] How is Rentec Direct different from similar platforms?
[24:07] Rentec Direct offers a live chat support function
AIPIS 173 - Unintended Consequences: Why Everything You’ve Been Told About the Economy is Wrong with Ed ConardFeb 17, 2017 28:53
Jason Hartman talks with Ed Conard, economist, and founding partner, with Mitt Romney, of Bain Capital. Conard wrote the New York Times Bestselling book Unintended Consequences: Why Everything You’ve Been Told About the Economy is Wrong and his soon to be released book, The Upside of Inequality: How Good Intentions Undermine the Middle Class. The two discuss the misunderstandings on CEO pay, why the technology sector is doing so well, and how current regulations tend to benefit the big players in the market.
[1:28] Ed discusses his time at Bain Capital with Mitt Romney, when they experienced enormous growth.
[3:30] Clients of Bain Capital were given the opportunity to invest in capital investment and management supervision related opportunities.
[5:07] The company also utilized a higher risk strategy, which allowed them to take advantage of investment opportunities of undervalued assets.
[7:21] The Upside of Inequality delves into American workers productivity
[12:18] The US economy is accelerating and we don't see a stagnant Fortune 400, which means companies aren't just negotiating for a bigger piece of the pie
[14:47] While the headlines make it seem ridiculous, CEO pay may not be quite as outrageous as it appears
[19:36] Tech companies pay less taxes and have lax regulation, especially when compared to other sectors, who have to continuously look for loopholes to give get a competitive advantage.
[21:22] The rise of profitability in the tech sector has been extraordinary.
[22:23] The economy is squeezing the profitability out of every most other sectors.
[24:45] Properly trained talent and a willingness to take risk are the binding constraints to growth in this new economy.
AIPIS 172 - Waffle Street: The Confession & Rehabilitation of a Financier with James AdamsFeb 15, 2017 30:11
Jason Hartman talks with James Adams, former Waffle House employee and analyst. His new book, Waffle Street: The Confessions & Rehabilitation of a Financier, tells the inside story of working on Wall Street during the housing market crash. After exiting the scam that is Wall Street, he got a job at Waffle House, and spawned his book, now movie starring Danny Glover. James explains the central banking system in terms of loans and debt, the issues created by printing more and more money, and cautions us about which major nation might be the first to collapse in the NEXT crisis.
[1:25] James' original title for the book
[5:02] While some areas of the book are dramatized, the crisis was on a bigger scale than anyone could imagine.
[6:25] Haphazard underwriting and an improbable US housing decline made many US financial institutions to reassure clients until the crash happened
[9:23] The ripple effects of leverage because of how out of whack rent to home price ratios were
[12:05] James fears the treasury balance sheets of G8 countries could be the cause for another meltdown.
[14:23] Central banks are creating electronic liabilities.
[16:10] What needs to be done to the banks before we can even begin to solve our underlying problems
[21:59] Printing money works until it doesn't
[22:38] Japan has many factors that are working against their long term success
[23:58] Are options on Japanese debt a good idea?
[26:05] The Waffle Street film is trending well on Netflix and is experiencing good distribution.
[27:10] James has another movie and works as a Senior Research Analyst
“It’s the layer upon layer of leverage which creates instability in the housing market.”
AIPIS 171 - A Shift in Thinking About Real Estate Investing with Gary PinkertonFeb 10, 2017 38:22
Jason Hartman and Gary Pinkerton break down the article, 27 Charts That Will Change How You Think About the American Economy. The charts document changes in the US economy in regards to things like productivity, demographics or inflation. They also highlight the impact of people working past the social security mandated retirement age, service jobs versus labor jobs, and the opportunity presently presented to real estate investors based on the number of Americans with disposable income.
[3:40] Gary was looking for a way to shift active income into passive income which led him to the Creating Wealth podcast.
[5:57] The 27 Charts that will change how you think about the American economy article, by Timothy Lee.
[10:07] Service Industry growth is a clear indicator of progress and higher standard of living.
[13:59] Labor force numbers have been declining since 2000
[16:30] The urban growth in real estate
[21:05] Chart #19 shows inflation-adjusted home prices.
[26:18] Construction costs have not kept up with housing prices
[30:42] The American idea of retirement has changed
AIPIS 170 - Unequaled: Tips for Building a Successful Career Through Emotional Intelligence with Morgan Stanley's James RundeFeb 8, 2017 20:36
Jason Hartman talks with James A. Runde, investment banker and independent corporate director. He is the longest-serving investment banker at a single U.S. firm, currently standing at 42 years with Morgan Stanley. He is best known for advising UPS to go public, a move that has worked out quite nicely for the company.
Alongside his role as investment banker, Jim began educating other bankers about emotional intelligence quotient (EQ). His new book, Unequaled, dives into this topic.
[2:38] How the markets and technology have changed in the 42+ years James has been in finance
[6:54] How you can strengthen your EQ as opposed to your IQ
[10:52] The importance of adaptability, and how everything changes when you go into the workplace
[13:04] James' opposite route that he takes at networking events
[17:10] How emotional intelligence has had to adapt to changing technology
AIPIS 169 - President Donald Trump & The Future for Real Estate Investors with Daren BlomquistFeb 3, 2017 28:09
Daren Blomquist, Senior VP at ATTOM Data Solutions and the Executive Editor of ATTOM’s award-winning Housing News Report joins Jason Hartman to discuss the new President, Donald Trump, and what this presidency might end up meaning for real estate investors, the economy as a whole, and clearing up regulatory issues which hamper the current market.
[1:43] A Trump presidency's impact on real estate investors and our economy
[5:55] Affordability issues caused by the wage problem
[8:46] How lower interest rates create housing bubbles
[11:33] Home ownership is at a 50 year low while housing prices skyrocket to unsustainable highs.
[15:43] What would happen if Trump repealed Dodd-Frank?
[19:11] ATTOM’s Housing News Report article tells us why big banks are fleeing the mortgage business.
[20:16] An increase in foreclosure activity continued in October 2016
[24:29] How Trump’s promise to invest in the United States infrastructure will help real estate investors.
[25:36] Email firstname.lastname@example.org and mention "Creating Wealth" to get the award winning Housing News Report free for one year
AIPIS 168 - A Client Case Study on 1031 Exchanges with Dr David D'AmbrosioFeb 1, 2017 30:44
Jason Hartman's client, Dr. David D’Ambrosio, tells all about his experience with a 1031 Exchange on some properties in the Orlando and Indianapolis markets. He has some ideas about why high-tax bracket professionals avoid real estate investing, and Jason has his own. One thing Dr D'Ambrosio does want to know is, what should his next step be?
[1:34] Dr. David D’Ambrosio is Radiation Oncologist, but has always been intrigued by real estate.
[3:52] How David did a 1031 Exchange and purchased four properties in Orlando.
[5:34] The two ways to diversify a real estate portfolio: location and cash flow/appreciation.
[7:25] The 1031 Exchange deadlines, 45 days for identifying properties, but six months to close.
[10:08] How frustrating it can be when you have a no-brainer like real estate investing, but people aren't willing to try it
[16:16] Some places to look for financing after you've reached your traditional property limit
[22:24] Is it possible to do a cash out refinance if you can get a lot of cash out of the deal?
[24:27] The break even point of a deferred down payment option
[27:25] What is equity stripping?
AIPIS 167 - How to Invest in Turbulent Markets with Ft Washington Investment Advisor's Nick SargenJan 27, 2017 28:06
Jason Hartman talked with Nick Sargen, author of Global Shocks: An Investment Guide for Turbulent Markets, about what we should be expecting from the economy with Trump in the White House. Nick is currently the Senior VP and Chief Economist at Fort Washington Investment Advisors. Before that he worked at Morgan Guaranty trust, the Federal Reserve Bank of San Francisco, and the US Department of Treasury.
[1:10] How President-elect Trump's pro-business stance might impact the US.
[4:42] Whether Trump's spending will lead to higher interest rates.
[6:50] There are some concerns over President Trump and the issue of trade.
[9:36] Why budget deficits do not always lead to inflation.
[12:13] Donald Trump, the real estate president who will be pro-growth
[15:05] Why the market is on the rise in response to President Trump's policies
[17:55] A closer look at Nick's book, Global Shocks: An Investment Guide to Turbulent Markets
[20:29] How to invest in order to take advangtage of a bubble.
[24:13] What sector hasled the way in the recent stock market run up
AIPIS 166 - The American Boomerang: How The World's Greatest Turnaround Nation Will Do It Again with Nick AdamsJan 25, 2017 24:39
Nick Adams joins Jason Hartman for today's installment of the AIPIS Show. Nick is the Founder and Executive Director of FLAG, The Foundation for Liberty and American Greatness. Alongside that job, he's also a columnist for Townhall.com and he is a former Centennial Institute Policy Fellow. Nick and Jason dive into Nick's bestselling book, The American Boomerang: How the World’s Greatest Turnaround Nation Will Do It Again and his belief that Trump will be America’s next great president for four and possibly even 8 years
[2:20] The American Boomerang included what Nick Adams thought needed to happen for an American Renaissance.
[4:11] Nick Adams read The Art of the Deal when he was 11-years-old and he publicly supports Trump.
[8:10] Unlike in Australia, the Tall Poppy Syndrome does not apply in the US.
[12:42] There are four ways America is considered to be exceptional culturally, militarily, economically and scientifically.
[16:01] People need to be confident for the economy to be roaring.
[17:00] These are the 5 things America needs to do to economically boomerang.
[20:48] Will the next 4 years under President Trump bring wealth for America?
AIPIS 165 - Speculator and the International Man with Doug CaseyJan 20, 2017 33:44
Jason Hartman talks with Doug Casey, a best-selling author, a well regarded speculator, and libertarian philosopher who has garnered a reputation for his savvy insights into politics, economics, and investment markets (however controversial they may be).
Doug is considered one of the utmost authorities on “rational speculation,” especially in the high-potential natural resource sector. He has lived in 10 countries and visited over 175.
Today Jason and Doug discuss his new novel Speculator, how to be an international man in today's world, and real estate around the world.
[1:45] The premise of Doug's new book Speculator
[4:40] Breaking down each of the main topics of the series that Speculator begins
[8:35] How Doug's book International Man came to be the most sold book in Rhodesian history and made him semi-famous
[12:30] The world's move toward the singularity
[15:50] The epic college scam
[20:20] Diversifying yourself internationally
[24:20] Is the world flat now?
[29:00] We're at the beginning of the next crash while riding the tail of the previous crash
AIPIS 164 - The Trump Economy and Bullish Real Estate Market with Money Answers Man Jordan GoodmanJan 18, 2017 36:04
Jordan Goodman is known as America’s ‘Money Answers’ man. He's written 13 books on topics that range from detecting Wall Street lies to a financial dictionary to retirement planning. Jordan and Jason Hartman discuss what we can expect from Trump's new presidential administration, how Trump’s mix of supply-side and Keynesian economics will affect real estate markets and whether we're headed for increased inflation.
[2:49] Jordan says tax rates will see dramatic changes under the Trump administration.
[4:28] Reducing taxes will increase the deficit, pushing interest rates up.
[7:37] The multiplier effect is the amount a home buyer invests in a newly purchased home.
[8:22] Regulations have discouraged good, qualified people from getting loans.
[9:08] Is it time for an economic downturn in the U.S.?
[13:31] Jordan tells us why interest rates will rise sharply in the next four years.
[18:18] Jordan Goodman wants what is best for the country.
[19:50] The economy will have a mix of supply-side and Keynesian attributes.
[22:30] The U.S. will run out of workers when Trump invests in infrastructure projects.
[26:48] Trump doesn’t want to install 35% tariffs his goal is an increase in exports.
[29:38] Jordan is involved in a commercial real estate lending fund.
[31:35] Does Thou shalt maintain control still apply?
AIPIS 163 - What to Expect with REI and Interest Rates Under Donald Trump with Newmark Grubb Knight Frank's James KuhnJan 13, 2017 26:15
James D. Kuhn is the President of New York City’s Newmark Grubb Knight Frank commercial real estate advisory firm. James joined Jason and they talked about Trump's upcoming presidency, what it could mean for real estate markets, and the prospects of inflation in the US. Even though Trump has no political record to project, proper handling of trade policies and initiatives for corporate entities could spur job growth in low and middle class communities.
[2:03] It is possible for Trump to spur the economy, especially in real estate.
[6:12] There will be winners and losers from Trump’s trade policies.
[11:19] James D. Kuhn believes the link between the lower and middle class benefiting from job growth is education.
[14:14] The demand for online college education is growing and it should be made available to everyone.
[16:14] Even before the election real estate investors thought it was hard to find value in the real estate market.
[19:00] The question for the Feds is, “at what point is the economy ready to handle inflation?”
[20:42] Real estate is the last great investment opportunity especially for those who watch their markets.
[23:09] An income property should make financial sense the day you buy it.
AIPIS 162 - The Real Estate Investing Journey of Elisabeth EmbryJan 11, 2017 29:11
Jason Hartman recently spoke with client Elisabeth Embry about her journey from an executive of major companies to a real estate investor, the Venture Alliance Mastermind group, and the upcoming Venture Alliance meeting.
Listen in as the two of them delve into what to expect in the coming event, what to look for in property managers, and what markets Elisabeth is currently investing in.
[1:49] Elisabeth's executive journey
[4:02] Why Elisabeth picked real estate
[8:05] Dealing with property managers while they're dealing with expanding
[11:20] What warning signs to look for that your property manager is slacking off
[15:55] Where all suffering comes from
[19:41] Elisabeth's experience with the Venture Alliance Mastermind
[24:16] Pre-qualifying your friends with the mastermind group
AIPIS 161 - Investing with the Fed, Maximizing Your Portfolio Performance by Following Federal Reserve Policy with American College's Dr. Robert JohnsonJan 6, 2017 24:18
Jason Hartman talks with Dr. Robert Johnson, President and CEO of the not for profit American College. He is also the author of the books: Invest with the Fed: Maximizing Your Portfolio Performance by Following Federal Reserve Policy, Strategic Value Investing and the study What to Expect When You’re Electing. Dr. Johnson and Jason discuss long-term market strategies, what the stock market tends to do under political harmony, and how asset classes react to interest rate changes.
[3:08] The republican party controlling all aspects of the government will mean sweeping reforms.
[6:34] Invest with the Fed analyzed how asset and equity classes perform during different interest rate environments.
[9:22] Stock market growth is higher when democratic presidents are serving or when there is political harmony.
[12:00] Long-term perspectives show the economy and the stock market move forward together.
[14:40] The best strategy is a long-term market strategy.
[16:19] Equity real estate investment trusts perform very well during rising rate environments.
[18:14] Will the cost of small business financing go up under a Trump administration?
[21:00] Is this time going to be different?
AIPIS 160 - Suitcase of Happyness - A Roadmap to Achieve & Enjoy Your Happiest Life with Mark JaffeJan 4, 2017 19:15
Mark Jaffe, former Walt Disney Company senior executive, spent many years creating happy moments for millions of people. At a young age he had come to realize that his happiest life was attainable. After much studying, observing, and cultivation, he ultimately enjoyed an enduring happyness through a singular focus on identifying what worked and what didn’t.
Through it all he's had a life journey, perhaps similar to your own, that included career successes and failures. A marriage that succeeded until it didn’t. Two fabulous kids. A dog. And the learned ability to be very happy, which, 40 years later, still keeps him happy.
[2:10] What led Mark to write Suitecase of Happyness
[5:40] Overcoming the barriers that we create for ourselves, and the barrier the pursuit of success can create
[8:55] The importance of balance and perspective
[12:45] The word that stops us from having some of the best times of our lives
[14:35] The power of passion
[17:35] Why Mark spelled it "happyness"
AIPIS 159 - Too Big to Save: How to Fix the U.S. Financial System, with Bob PozenDec 28, 2016 26:25
Jason speaks with Bob Pozen about what a Trump administration could mean for the US real estate market on the whole. Potential changes in the works could mean good things to small and medium sized banks, as well as increasing how much big banks lend. Bob Pozen is a Senior Lecturer at MIT’s Sloan School of Management, a Senior Research Fellow at the Brookings Institute and former Associate General Counsel for the SEC. He has two books: Extreme Productivity, and Too Big to Save.
[2:11] Legislation that may be changed through banking system while Dodd-Frank is left as is.
[5:50] There has been too much regulation on small to medium sized banks.
[7:33] The problems are Fannie Mae and Freddie Mac are they were never public nor private.
[11:13] The FHA and VA insure 100% of the mortgages made by banks.
[11:55] More money flowing into the real estate market will cause an upward pressure on prices.
[14:46] Home buying increases when rates start to go up but then level out.
[15:28] Pozen was chosen by President Bush to join a bipartisan commission to strengthen Social Security.
[17:00] Security and Exchange Commission has constraints regarding employees working for corporations after their service.
[19:22] Getting to the gist of Bob Pozen’s book Too Big to Fix.
[21:59] Peer-to-Peer lending is pretty much unregulated.
[23:38] As the economy strengthens banks should lend more.
AIPIS 158 - Online Marketplace That Helps Investors Find & Compare Property Managers Rented.com with Andrew McConnellOct 23, 2016 28:03
Andrew came up with the idea for Rented.com after hearing two vacation homeowners tell horror stories of the time and hassle involved in the self-management of their properties. With degrees from Harvard College, Harvard Law School, and Cambridge University, and experience working with some of the largest companies in the world during his time at McKinsey & Co. and Axiom, Andrew is excited to apply all he has learned to the sharing economy in order to create a better experience for all.
[3:00] Rented.com's different business model
[7:01] The process of renting your place to a management company
[9:24] The ability to estimate your return prior to buying
[13:08] What sorts of property management companies Rented.com works with
[17:26] The potential pitfalls of using Rented.com
[22:22] What sort of cut the management companies are looking to get in their deals
[24:38] How using Rented.com might impact your homeowners insurance
AIPIS 157 - The Real Estate Trusts, America’s Newest Billionaires and Watch that Rat Hole and Witness with Kenneth CampbellOct 20, 2016 26:48
Kenneth D. Campbell created and edited an influential investment newsletter for twenty years; co-wrote The Real Estate Trusts: America’s Newest Billionaires, first full-length book on REITs; and co-founded a global firm managing $22 billion in assets. He is also the author of the new book Watch that Rat Hole: And Witness the REIT Revolution
[2:26] The history of REITs
[7:16] The market of REITs
[10:55] What type of REITs Kenneth prefers
[14:50] A rundown of Kenneth's interactions with billionaires such as Sam Zell, Warren Buffett and more
[18:55] The outlook on the regulatory impact on REITs
[20:45] The impact Brexit will have on the real estate market
AIPIS 156 - One-Stop Nationwide Eviction Services with David MerrillSep 22, 2016 30:24
It is possible to self-manage properties you have never seen.
David Merrill of Nationwide Eviction Services shares the benefits of his company’s software platform. The software allows investors who self-manage their properties to pay a small fee to file an eviction from anywhere, on-line. The company’s comprehensive website includes a calculator that can formulate a price per eviction in any state by entering a property’s zip code.
[2:34] A software solution to the age old problem of eviction.
[5:00] Roughly, what are the costs for an eviction plus court costs in different areas of the country?
[7:59] An eviction is a two-part process, if you plan on recovering your funds.
[10:43] Which states have landlord friendly or landlord unfriendly markets?
[14:08] Smart Eviction Technology is a standardized form which adapts to the differences in local markets.
[16:25] People should standardize all of their collection efforts on all of their properties.
[18:31] Keep the lines of communication open. It pays to work with your renters before starting the eviction process
[23:25] An online calculator shows which areas are more landlord friendly or tenant friendly based on cost per zip code.
[27:12] Contact information for David Merrill and his closing thoughts.
Mentioned in This Episode:
AIPIS 155 - The Solo 401k with Creator Jeff NabersSep 21, 2016 44:13
If you are interested in growing your retirement money faster, reducing your risk paying less tax this episode is a must listen. You must align your interests with the financial institutions and the central banks as they are most powerful monetary entities in the world. As you build your income property portfolio you need to put your money in a retirement account which allows you to self-direct your funds without paying high taxes or penalties. The Solo 401k is a vehicle you can use to defer taxes and manage as a resource. Guest expert, Jeff Nabers, created the complete Solo 401k and designed an online tool so you can calculate possible risks before making major investment decisions.
[2:22] The Solo 401k was based on the Pension Protection Act of 2006.
[4:26] The 3 main advantages of a Solo 401k.
[11:19] There are two qualifications which differentiate a Solo 401k from a traditional Roth IRA.
[16:19] The Solo 401k allows you to invest $18,500 of your self-employment income.
[17:53] The IRS puts real estate investors in two categories one is a business and the other is a dealer.
[22:23] The rules of an IRA are much stricter than the rules of a Solo 401k.
[25:47] The most powerful thing an investor can do is to diversify.
[27:49] Health care costs and college tuition are impacted the most by inflation.
[28:11] The present value of money versus the future value of money and the lost opportunity costs of paying taxes on an IRA now.
[32:42] It’s impossible to know how the government will tax retirement plans in the future.
[38:13] Jeff Nabers’ company set up the only complete Solo 401k and designed an online tool.
AIPIS 154 - Roofstock Online Marketplace with Gary BeasleyAug 13, 2016 35:32
Gary has spent most of his career building businesses in the real estate, hospitality, and tech sectors. Immediately before Roofstock, Gary was co-CEO of Starwood Waypoint Residential Trust (NYSE: SWAY), one of the leading Single-Family Rental companies in the US.
Gary founded Roofstock on the belief that the Single-Family Rental sector has stuck to the old way of doing things for far too long – it’s an industry ripe for disruption.
Roofstock is the first online marketplace created exclusively for investing in leased Single-Family Rental homes that generate cash flow day one. Created by investors for investors, Roofstock provides research, analytics, and insights to evaluate and purchase independently certified properties.
Roofstock turns the old way of investing on its head, bringing transparency and efficiency to create a better way to transact. Buyers access vetted homes with current cash flow. Sellers market homes without lost income or disrupting tenants. Neighborhoods avoid signs in yards which could depress values. It’s win-win all around.
The most revolutionary aspect of the Roofstock marketplace is enabling investors to treat their real estate investments more like stock portfolios, focusing on asset allocation, rather than dealing with the hassles of researching and buying vacant homes that need to be repaired and leased.
[1:42] What Roofstock is
[4:35] The reality of the single-family rental home investor
[7:10] Where Roofstock's inventory comes from
[10:00] The 3D Rendering Roofstock does of each home in their inventory, and what benefit it creates
[12:15] Who is there in the walk through for the property and how sellers don't have to pay for a lot of things they usually do
[15:35] The number of transactions Roofstock has been able to do in their first 18 months
[18:45] How the buying process works
[22:00] The investment fund Roofstock recently released (and who is managing it)
[25:00] Why Roofstock has properties in high end areas with RTVs below 1%
[27:30] How the valuations of the property are done
[30:10] What Roofstock does to find and certify property managers, and why investing close to where you live is an outdated idea
AIPIS 153 - Landlord Real Estate Tycoon, Rich Capitalist & Millionaire Money Game with Zbig Jan WoznowskiJul 16, 2016 26:29
Zbigniew found Reality Games in October 2014 and launched Landlord mobile game in January 2015. He is also the Programming Director of Promotion of Poland 2020 of The Kosciuszko Institute. Zbigniew has over 12 years of online advertising and over 10 years of real estate experience. He founded and exited a few other companies such as Second Poland and Supremum 360: Digital Outsourcing & Advertising Service.
[2:20] How the Landlord app works
[3:35] How data mining is helping the app become more and more accurate and how it can make you a better investor
[8:00] How check-ins can increase the value of your properties, but how they've safeguarded against abuses
[10:20] Buying properties in places that you can't physically get to
[12:55] The power of crowd sourcing and apps
[16:20] Where Jan sees the future of tech and the digital divide
[18:50] The app business model and how much one MLB player has spent on the app (and isn't even the top player in the game)
[22:50] If there's a social component to the game and if people are actually meeting through it
AIPIS 152 - Brexit, Popes and Bankers, History of Credit & Debt, From Aristotle to AIG with Jack CashillJul 9, 2016 32:11
Jack Cashill is an independent writer and producer and, on a contractual basis, the Executive Editor of Ingram’s Magazine.
In addition to his work with Ingram’s, Jack has written for Fortune, The Wall Street Journal, The Washington Post, The Weekly Standard, AmericanThinker.com, and regularly for WorldNetDaily.
Within the last decade Jack has written seven books of non-fiction — First Strike, Ron Brown’s Body, Hoodwinked, Sucker Punch,What's the Matter with California, and Deconstructing Obama. Three of his books have cracked Amazon’s top ten list. Jack has produced a score of documentaries for regional PBS and national cable channels, including the Emmy Award-winning, The Royal Years.
Jack has a Ph.D. from Purdue University in American studies, has taught media and literature at Purdue and at Kansas City area universities, and served as a Fulbright professor in France
[2:38] Jack's thoughts on the Brexit
[4:15] Who the base of the left are these days
[7:19] Where the breakthrough came in terms of creating a culture that would create a long term, successful economy
[9:40] Where the contempt for our culture is derived
[13:05] How greed pervaded all layers of our culture in the 2008 housing crisis, not just the lenders like the media portrayed
[16:33] How the Jewish code and the usury ban led to a helpful (but not exactly healthy) relationship between the two
[19:30] Whether the bible conflicts when it comes to credit
[21:50] What we need to make capitalism succeed
[23:31] Why we need to question the root cause of things, not just address the symptoms, or else we end up hurting the people we're trying to help
[26:16] What actually happened with TWA 800
AIPIS 151 - 11 Not So Obvious 1031 Exchange Strategies with Lane KawaokaJul 6, 2016 01:57
Lane Kawaoka is a City Project Engineer and Licensed Professional (PE) Civil/Industrial Engineer. Short after graduating college, during his first 5 years of his career, he supervised a traveling, union-based crew that required 100% travel away home. During this time, he traded the most important resource, time, for money.
In 2009, he was able to save for an A-class rental that rented for $2200/a month in the Pacific Northwest (how embarrassing a Rent-to-Value Ratio of 0.5%!). After his 2nd acquisition of a duplex in 2012, he was looking to make a 3rd but the market was appreciating and he saw the numbers would yield negative cashflow.
With this realization, Lane converted his portfolio to markets with stable multifaceted job markets and Rent-to-Value Ratios that would yield healthy $250-$400/month spreads between the rents and expenses (mortgage, vacancy, professional management, repairs, and capital expenses).
Today Lane's portfolio consists of 11 single family homes in Birmingham, Atlanta, Indianapolis, and Pennsylvania. Jason caught up with Lane to discuss some 1031 exchange tips that Lane utilizes with his properties.
[1:55] How Lane became interested in real estate
[4:10] Why Lane believes the stock market formula is impossible to beat or even project
[7:46] Lane's home auction experience that showed him not everyone with money is smart
[10:28] Why Lane is in the markets he's in right now
[13:00] The 45 Day Deadline with your 1031
[16:01] What you need to ask yourself before your start your 1031 exchange
[20:29] When you start approaching the end of your 1031 exchange deadline
[22:20] Filling out "To Whom It May Concern" letters, and Jason's paid off $237 tax lien from the 90s that's made his own "To Whom It May Concern" letter a part of every deal he makes
AIPIS 150 - Intelligence for Your Life TV, the John Tesh Radio Show, Entertainment Tonight, Olympic Games, Wimbledon, and US Open Tennis with John TeshJul 1, 2016 27:28
John Tesh’s highly successful and varied career path includes a 10-year run as anchor on Entertainment Tonight, six hit public television specials, including his landmark Live At Red Rocks in 1994, a string of #1 radio hits, his popular nationally syndicated radio show “Intelligence For Your Life” in which he has 14.5 million listeners, and a high profile advertising and marketing company. His musical accolades since releasing his debut album Tour De France in 1988 include seven million units in total sales; a Keyboard Magazine Award; a 2003 Grammy nomination for “Best Pop Instrumental Album” for his double CD The Power of Love; and gold certification for his Live At Red Rocks album.
His advertising and marketing company, TeshMedia, handles clients such as numerous Fortune 500 companies, including General Motors, Home Depot, Macy’s, Kohl’s Petsmart, Amway, Geico Insurance and PetSmart. Tesh’s book “Intelligence for Your Life: Powerful Lessons for Personal Growth”, has spent time on the New York Times, USA Today, Publisher’s Weekly, Wall Street Journal & Amazon.com best-seller lists. The award-winning daily and weekly show he calls “purpose driven radio”, recently secured the trademarks for three more categories in their “Intelligence for....” family. “Intelligence for Your Health,” “Intelligence for Your Pets” and “Intelligence for Your Love Life” have been added to Tesh's core brand, and will be developed into stand-alone content-rich websites with products designed around the “Intelligence” Tesh and his staff have gathered in the 10 years since they launched the show.
[4:36] How The John Tesh Radio Show found its niche and is designed to run on any format
[9:35] The importance of "picking a lane" in life and how it can lead to success
[15:15] The most important type of books John thinks you should be reading
[20:07] How John and his wife met, and why pretty women don't seem to get asked out as much
Al Ries' Get Focused
Differentiate or Die
AIPIS 149 - Bulk REO Purchases, Hard Money Loans & Financing by Friends & Family with Susan Lassiter-LyonsJun 9, 2016 35:54
Susan Lassiter-Lyons is the founder of TheInvestorInsights.com, twice voted the #1 real estate investing blog. An investor since 1994, Susan has closed more than 600 transactions and raised $26.2 million in private capital.
Susan is a passionate teacher, growth strategist, and private money coach. She is also the author of Getting the Money: The Simple System for Getting Private Money for Your Real Estate Deals
[2:58] If the bulk REO purchases are even available anymore
[6:20] The size of bulk REOs that you're looking at with the big banks, and how a smaller investor can find REOs of their own
[10:15] The quality of house you can find in the REO market
[14:20] The art of financing a deal
[16:05] Susan's 2 prong system to financing
[20:22] The types of rate Susan has been able to get ( for her and her students) when going through agencies and private investors
[23:09] How a hard money lender turned Susan down for a loan and changed her investing for the better
[26:27] The paradigm shift that needs to happen in terms of how real estate investors think of private money
[29:24] The question Susan asks to private money investors that helps her get low rates while helping them stay happy
AIPIS 148 - Apartments, SFRs, Commercial Properties & The Law of Accumulation with Jeff JohnsonJun 4, 2016 28:49
Jeff K. Johnson is the President of Black Commercial, Inc., one of Spokane’s largest property management and commercial real estate companies. Jeff is a licensed REALTOR® and has worked in the real estate profession since 1975.
Jeff specializes in the sale, leasing, and development of office buildings. Much of Jeff’s work includes assisting Fortune 500 companies with the acquisition and disposition of corporate real estate. Jeff is also the managing general partner in numerous real estate investment partnerships. Prior to moving to Spokane, Jeff grew up in Iowa and attended Waldorf College in Forest City. Jeff has consistently been one of the top producing commercial real estate brokers in Spokane.
[1:52] Jeff's start in the real estate business
[4:02] If paying off your mortgages is really a good idea
[6:40] The benefits of asset accumulation
[8:35] The positives and negatives of leverage
[10:04] Debt coverage ratios
[12:30] Whether cap rates are really that important
[16:00] An important key to being a successful real estate investor
[18:41] The false expectation paradigm
[21:30] Why zoning is so much harder to change today (and how that impacts buying land as an investment)
AIPIS 147 - To Flip or Buy and Hold: That is the Question with House Flipping HQ's Justin WilliamsMay 26, 2016 41:50
Justin Williams, Founder of House Flipping HQ. With over 8 years of experience as a real estate investor, having flipped over 500 homes, Justin is dedicated to making House Flipping HQ the ultimate online resource for house flipping.
His goal is to provide the house flipping resource hub that he wished had been around when he first started out. No fluff. Just real, actionable information that you can use today.
Justin and Jason had a dual interview where they discussed flipping or buy and hold, how to run a successful business and ways to make your overall life better.
[2:14] Justin's niche in the real estate environment
[4:11] The number of markets Jason recommends being in
[6:00] Jason's history in the real estate world
[8:30] The infomercial that got Justin into real estate (and why he's still owed a car)
[10:28] Justin's educational classes and what they help people do
[12:44] Systems that Justin has had to implement to make his business thrive
[17:34] The power of testimonials
[20:52] The importance of the business model
[25:25] Using leverage
[27:02] How taking a step back can help your business leap forward
[29:13] Why people would rather call successful people liars than admit they did something they haven't
[30:56] Addressing the CONTEXT of your life rather than the CONTENT
[33:14] How focusing on 2 main businesses at once is a recipe to not have success in either
[36:12] You're going to feel the bumps in the road, but you have to keep moving forward and control your emotions
AIPIS 146 - Real Estate Investing in Detroit and Self Driving Cars with Greg ScottMay 20, 2016 42:38
Jason Hartman talks with his client Greg Scott, a real estate investor living in Detroit and employee at Ford, about the current state of the Detroit real estate market, whether it might actually be a GOOD investment now, the future of self driving cars and more.
[3:09] Where Greg currently owns rental properties
[5:29] The peak of metro Detroit's population and what's going on right now that might be making the population grow again
[7:37] One of Detroit's suburbs is actually the 11th wealthiest county in the USA
[9:53] Some demographic trends in Detroit
[11:40] Why Greg is the most optimistic about the future of Detroit than he's been in his entire life
[16:12] Some areas of Detroit that go along with the automotive industry and some that don't
[18:40] Greg's road to preparing to do multifamily investing in Detroit
[23:27] What Greg does for Ford
[26:57] How quickly we're approaching self driving cars and the new city built to be a self driving car test ground
[29:15] How self driving cars can change the landscape of cities
[32:45] If cars didn't need parking spots, what would we do with the 40% of the city that's currently being used for parking
AIPIS 145 - Mobile Home Park Profits with Jefferson LillyMay 19, 2016 26:37
Jefferson Lilly is a mobile home park investment expert, educator, and industry consultant who has been featured in the New York Times, Bloomberg Magazine, and on the 'Real Money' television show. Prior to co-founding Park Street Partners in 2013, Mr. Lilly spent seven years investing his own capital at Lilly & Company where he acquired and continues to operate mobile home parks in the Midwest. Prior to becoming an investor full-time, Jefferson spent 10 years in sales leadership roles with several venture-backed startup companies in Silicon Valley that were acquired by Openwave Systems and VeriSign. Earlier in his career he held operational roles at Viacom and was a consultant with Bain & Company.
[2:30] The history of Jefferson's investing and value investing with mobile home parks
[4:38] Whether the mobile home park scene is too crowded or if there's still room
[7:07] How to find a broker for mobile home parks
[11:22] If Jefferson prefers park or tenant owned homes
[14:02] The interest rates being charged to tenants when they're buying homes
[18:20] Why mobile home parks aren't being built anymore
[19:25] The biggest mistake Jefferson made in the mobile home park real etate market
[22:20] How Jefferson went about turning a mobile home park into a better investment after purchase
AIPIS 144 - Investing in Distressed Assets with American Home Recovery Fund's Marc GoldMay 13, 2016 24:01
Marc is the founding partner and managing director of both the American Home Recovery Fund and NoteWerx, the cutting-edge note portfolio management cloud ware.
Marc brings over 20 years of senior management and transactional experience in the paper business of mortgage banking and real estate. Marc co-founded American Home Recovery Fund, a multi-million dollar private equity multi-fund, whose primary mission is to purchase NPLs and modify the current borrowers. With the expansion and success of the fund’s business, AHRF developed their own note portfolio management platform, but when it became clear that their software filled a huge void in the note space, NoteWerx was born and turned into its own business channel.
Marc also serves as president of American Home Veterans, a non-profit organization in formation to convert distressed housing assets into donation homes and provides sustainable housing for our nation’s disabled veterans.
[2:08] How the American Home Recovery Fund buys distressed assets but tries to keep people in their home
[5:03] Why investors are crossing over into new territory when traditionally they've specialized
[7:33] Why banks are selling the notes rather than collecting the money from borrowers themselves
[9:32] Why banks haven't gotten more organized since the housing collapse
[11:34] What kind of inventory is still available on the market
[15:02] Great properties available in middle America
[17:49] Where Marc sees the market going in the next few years
[19:24] If the Dodd-Frank revisions have impacted his business
AIPIS 143 - Real Estate Chat Apps with Justin ShumMay 11, 2016 18:22
Justin Shum, CEO of Avenue, is a first time homeowner and serial entrepreneur, who previously founded ReadyChat, a leading live chat services provider for real estate industries. Justin previously founded and was CEO of 121LiveAgent, a live chat solutions provider. Through his experience at 121LiveAgent, Justin saw an unmet need in the real estate space for greater customer service, and soon after founded ReadyChat, which he currently serves as CEO. Now he has combined his business acumen and first-hand experience as a consumer to create Avenue. Avenue was named the Winner at the 2015 Realogy FWD Innovation Summit.
[1:47] How real estate apps like Avenue are changing the real estate model
[4:46] How the interaction with real estate agents works on Avenue and why it works for consumers and realtors
[7:30] Changes in the real estate industry that are being brought by technology and where it's headed
[12:25] Why Avenue is targeting the US market instead of focusing on Canada, where Justin lives
[14:01] How real estate agents can use ReadyChat to help with their lead conversions
AIPIS 142 - I Love Real Estate! with David WoodMay 6, 2016 34:06
David T.S. Wood is a Business Leader, an Author, a Trainer, a Coach and a Humanitarian who has lived, traveled, worked in over 50 countries, and brings his passion for people, culture and the unknown to everything he does.
Jason Hartman discusses 3 different strategies for investing in real estate, what an executive flip is, how to not get caught in the fools game, the difference between an investment and a speculation, the bubble of 2005 with David Wood, from Amplified Living.
[5:30] “I prefer the high end flips because i think the people who are going to buy a million or 2 million dollar
house, often lack vision.”
[10:07] “If you’re buying real estate with a long term vision of having complete financial freedom, then the money coming in you shouldn’t be spending.”
[21:02] – Everything about real estate investing involves disciplines
[26:57] – “And i find kindness is one of the great methods of negotiation”
AIPIS 141 - Sales Copy with REI Focus with Aaron HoosMay 4, 2016 21:14
Aaron Hoos is the author of The Sales Funnel Bible, a handbook
for business owners to help them start, run, and grow a profitable
His work has appeared in numerous periodicals, including The Globe and Mail, Alberta Oil Magazine, Private Capital Magazine, Aspire Magazine, ThinkSales Magazine, McGraw-Hill textbooks, and more. My clients include companies like HP, SAP, Enterprise Rent-A-Car, TD Waterhouse, and more.
Jason Hartman talks with Aaron, a funnel design expert, about good copywrighting and sales funnels.
[5:08] The importance of a headline, and where headlines, unexpectedly, show up today
[11:01] The founders of copywrighting strategy
[15:17] Working through the sales funnel
AIPIS 140 - The Perfect Day Formula with Craig BallantyneApr 29, 2016 32:11
Craig Ballantyne has been the Editor of Early to Rise since
2011. He’s also a Strength & Conditioning coach in Toronto,
author of Turbulence Training, a contributing author to Men’s
Health magazine, and a member of the Training Advisory Board for
Maximum Fitness and Oxygen magazines.
Craig is also the author of "The Perfect Day Formula: How to Own the Day and Control Your Life".
[4:06] Controlling the morning
[6:12] The proactive morning approach
[7:38] Identifying your OCD loops
[11:06] Starting to script out your day
[12:48] Where to start in the Perfect Day Kit
[14:38] Defining Magic Time
[15:54] Why Craig believes you should really try and be a morning person
[18:33] The app that makes Jason's morning
[20:27] The 5 Pillars
[23:35] Making the afternoon productive
[25:23] Creating a Not To Do List
[24:48] The new Law of Attraction...the Law of Action Attraction
Tabata Pro App
AIPIS 139 - Doing Business with Family Offices and High Net Worth Investors with Richard WilsonApr 27, 2016 33:59
Richard C. Wilson is CEO of The Miami Family Office, a $500M AUM
single family office. Richard is also the founder of Wilson Holding
Company which employs over 30 professionals and produces over $10M
a year in revenue through various operating businesses which
include Billionaire Family Office and The Family Club, the largest
membership-based family office association (FamilyOffices.com),
along with holdings in the training, single family office
management (SingleFamilyOffices.com), investment conference,
search, data research, physical bullion, private equity
(PrivatEquity.com), food, and energy industries.
Richard has spoken at over 150 conferences in 17 countries and has the #1 bestselling book in the family office industry, The Single Family Office: Creating, Operating, and Managing the Investments of a Single Family Office. Richard has his undergraduate degree from Oregon State University, his M.B.A. from University of Portland, and has studied master’s level psychology through Harvard’s ALM program while previously residing in Boston.
[2:20] Why you should care about what people worth $20+ million are doing with their money
[4:13] Some important terminology for dealing with family offices
[6:35] Looking back at some of the original family offices and the changes that have taken place since then
[10:49] Why there's a need for family offices
[14:11] How the middle class investor can take the framework of a family office and use it to fit their situation
[16:26] A key strategy you can take from family offices of the ultra-wealthy
[19:24] What sorts of holdings the family offices have
[22:56] Why the US is the haven for the ultra-wealthy
[26:26] Family offices, surprisingly, sometimes even go after distressed markets
[27:38] How you can find a family office to partner with in your deals
AIPIS 138 - Australians Love US Real Estate! with Reed GoossensApr 23, 2016 28:43
Reed Goossens is a real estate entrepreneur and founder of RSN Property Group. As a native Australian, Reed moved to the U.S to pursue his career. A qualified structural engineer and project manager, Reed has been involved with large-scale commercial construction and real estate development projects worth over $500 million since 2007; in Australia, the United Kingdom, and the U.S., including the London 2012 Olympic Games. After gaining valuable experience working in the engineering and construction industry, Reed decided to pursue his passion for real estate development and investing by starting RSN Property Group.
Throughout recent years Reed has developed his personal portfolio of solid cashflow investment properties. He believes now is the time to enhance and utilize the power of syndication investing to purchase apartment communities across the U.S. Reed’s commitment to the development of a structured approach to researching, acquiring and managing investments provides the basis for RSN's sound operating system.
Reed and Jason discuss the US market, finding the right deals, how things get done and more.
[3:06] The differences between US and Australian real estate
[5:47] Reed's target properties
[7:48] The markets Reed likes and where he's invested
[10:26] Looking at the costs associated with large multi-family purchases
[13:54] Reed's 4 P's
[16:49] Where you're going to actually find the deals and what kind of talk should make you leery
[20:29] Reed's first deal under contract, how he lost the deal, and how it came back
[23:59] Getting money for your first loan
Investing In The U.S. - An Aussie's Guide to U.S. Real Estate