Fri, 30 March 2018
Jason talks with Jeff Meyers, President at Meyers Research, about the state of the housing market across the USA, and how much runway the market might have. They also discuss whether millenials are finally ready to buy their first houses, and the incredible impact the self-driving car will have.
[2:13] Are the millenials 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
Sat, 24 March 2018
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?
Fri, 16 March 2018
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
Fri, 9 March 2018
For years cost segregation has only been economic feasible for commercial properties, as the sheer cost of the process outweighed any potential tax savings that would be created. Now, however, times have changed and people like Joe Viery can help you get 10x or more in tax write offs as the cost of the cost segregation.
Listen in as Jason Hartman and Joe Viery discuss how this became possible for single family rentals, how much a cost segregation costs, and what kind of savings you can realistically expect.
[2:39] What's going on that cost segregation is becoming possible for single family investment properties?
[8:19] How much do cost segregations cost for a single family home?
[11:13] What kind of tax savings you can get out of a cost segregation