The Commercial Investing Show

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.

Key Takeaways:

[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)

Website:

www.JasonHartman.com/Properties

Quick Start Podcast

Direct download: CI_206_Lisa.mp3
Category:general -- posted at: 12:00pm EST

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.

Key Takeaways:

[1:27] We're seeing a lot of construction all around the country, what's the supply/demand outlook?

[5:07] How much are construction costs going up?

[9:07] We're not building single family homes as much as we used to

[11:50] About 32% of adults 18-34 are living with their parents

[15:02] Looking at the spread between an apartment cap rate and a triple B bond

[18:57] How Andrew views renter demographics over the next 10 years

Website:

www.JasonHartman.com/Properties

www.CoStar.com

Direct download: CI_205_Andrew_Rybczynski.mp3
Category:general -- posted at: 12:00pm EST

Jason Hartman talks with Tal Tsfany, President & CEO of the Ayn Rand Institute, about free speech on college campuses, how we should be defining things like happiness and selfishness, and why we should be focusing on the self. They also examine the philosophies of those who want to tax the rich in order to redistribute wealth.

Key Takeaways:

[2:45] What's happening with speech on college campuses is a result of progressive philosophies

[4:33] What would Ayn Rand's political views be in today's world?

[8:12] Ayn Rand's definition of happiness

[11:40] Love is a goal or value that you pursue. It's a spiritual trade

[15:37] Ayn's definition of selfishness

[19:35] Berkley students in the 60s were reading Ayn Rand to be cool, but not following through on the axioms

Website:

www.AynRand.org

www.JasonHartman.com

Direct download: CI_204_Tal_Tsfany.mp3
Category:general -- posted at: 3:36pm EST

Jason Hartman talks with Doug about why there's been a decline in inventory and what shortages are abound in the housing market. In examining several videos about the housing market and economy, Jason and Doug also look at what impact privatizing mortgages could have and housing affordability in Canada.

Key Takeaways:

[4:22] The big housing shortage is not in McMansions, it's in the 100k range

[7:48] The problem with waiting for the next recession

[12:39] Inventory has declined, which has caused upward pressure on prices

[18:59] When large developers start building an area, they have to keep the sales going in order to make money, so prices can fluctuate

[22:55] The potential impact of privatizing is a prevention of markets overheating

Website:

www.JasonHartman.com/Properties

Email your Spam to reviews@JasonHartman.com

Direct download: CI_203_Doug.mp3
Category:general -- posted at: 3:36pm EST

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.

Key Takeaways:

[3:44] Florida is now drawing people from the East and West coast

[5:44] Jacksonville market profile

[9:43] Examining a pro forma of one of the new construction properties available in Florida

[12:16] There are a couple properties available that you could take advantage of in a 1031 exchange

[15:09] People are moving to Jacksonville to be near St Augustine, which is the 2nd busiest place for tourists in Florida behind Disneyworld

Website:

www.JasonHartman.com/Properties

Direct download: CI_202_Florida.mp3
Category:general -- posted at: 12:00pm EST

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.

Key Takeaways:

[2:24] Greg's journey to becoming an accidental landlord

[6:01] People often don't know whether they're winning or losing

[11:08] When you hear about the returns people get from real estate and want to do the same, you have to actually act on it

[12:41] Greg's plan for his new multifamily facility

[15:27] How worried was Greg when he was investing in property during the Great Recession?

[19:33] Does Greg see the same thing about high rental demand as Jason does?

Website:

www.JasonHartman.com/Properties

Direct download: CI_201_Greg_Scott.mp3
Category:general -- posted at: 12:00pm EST

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.

Key Takeaways:

[3:05] How do you rate a country's happiness?

[5:31] There's only one thing that predicts happiness levels on a national level

[9:50] The hazards of social media on happiness

[11:53] Lessons learned from Tal's barber

[17:23] How to praise people properly to encourage growth

[20:11] If you don't teach people to face reality then you're setting them up for failure

[23:36] The first step toward happiness is, surprisingly, allowing in unhappiness

Website:

www.TalBenShahar.com

Direct download: CI_200_Tal_Ben_Shahar.mp3
Category:general -- posted at: 11:41am EST

Jason Hartman talks with Laurence Kotlikoff, William Fairfield Warren Professor and Professor of Economics at Boston University, about the massive amount of unfunded mandates that are awaiting the United States. Currently he has that number pegged around $239 trillion, and there are only a few ways that can be resolved.

They also discuss how his software, Maxifi, can help those people who are planning toward retirement. Laurence explains the intricacies, assumptions that many people don't make when factoring in their savings.

Key Takeaways:

[1:47] The most recent number the unfunded mandates are going to cost

[8:42] Does Laurence believe in Supply-Side Economics?

[11:51] Consuming your way to prosperity has never worked before and won't now

[15:10] How Laurence would have dealt with the collapse of Lehman Brothers to calm the public's response to the start of the Great Recession

[18:54] Laurence's take on Jason's 6 ways the government can get out of its hole

[24:25] Is the future inflationary?

[25:52] What do we need to do to plan for the future?

[32:10] How much time it takes to input your data into Maxifi

[35:46] Many people are saving too much for their later life because they're scared

Website:

www.JasonHartman.com/Properties

www.Maxifi.com

www.Kotlikoff.net

www.PurplePlans.org

Jason Hartman's Real Estate Investor Update Alexa Skill

Direct download: CI_199_Laurence_Kotlikoff.mp3
Category:general -- posted at: 2:16pm EST

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.

Key Takeaways:

[1:30] REIanalyst was born out of a need Ryan had to see more properties in less time

[4:39] How Ryan's data is figured out when making assumptions on properties

[7:22] Where REIanalyst gets their data

[11:16] Information for investors is severely lacking

Website:

www.REIanalyst.com

www.JasonHartman.com

Direct download: CI_198_Ryan_Minekime.mp3
Category:general -- posted at: 10:56pm EST

Jason Hartman talks with G Edward Griffin, author of The Creature from Jekyll Island, about corporate scams. Too many people hide behind the veil that corporations offer; ripping off consumers and shareholders and letting the company take the punishment. G Edward and Jason discuss this topic, as well as how we can actually change things to allow society to hold those responsible accountable.

Key Takeaways:

[3:23] It can perfectly legal to extract millions of dollars from a company while the shareholders value drops to 0

[6:29] Trying to punish "the corporation" just means that shareholders get hurt

[8:56] How do we hold someone accountable when a corporation does something bad?

[10:44] How to actually make change happen to fix this problem

[13:52] Governments have a perpetual lien on your property. There's no such thing as owning something "free and clear"

[19:50] What is reasoning behind people like Soros when they pump money into politics?

[22:26] The Fabian Socialist Society believed you took over society gradually

[26:05] At what point is it proper for the state to intervene?

Website:

www.RedPillExpo.org

www.FreedomForceInternational.org

www.RealityZone.com

Direct download: CI_197_G_Edward_Griffin.mp3
Category:general -- posted at: 12:00pm EST

Jason Hartman talks with David Stockman, former budget director for President Reagan, former US Representative for the 95th Congress, former partner at The Blackstone Group and author of the new book Peak Trump: The Undrainable Swamp and the Fantasy of MAGA. The two discuss Reagan's failure to curtail spending like he'd originally wanted, the difficulty Trump is having actually "draining the swamp", the impact of increasing debt on inflation and whether it's sustainable.

Key Takeaways:

[3:18] Reagan got very little in way of his proposed spending cuts, but got a much bigger tax reduction than proposed, then defense spending exploded

[7:00] Trump's problem was that he recognized the economy was failing but didn't have a program to address it

[12:04] Does our escalating deficit mean inflation is on the horizon?

[16:26] Is our private debt really that bad?

[20:11] How investors should position themselves for the next few years

[22:59] We've learned in the last decade that Central Banks can't cause inflation on a worldwide basis

Website:

Peak Trump: The Undrainable Swamp and the Fantasy of MAGA

www.DavidStockmanContraCorner.com

Direct download: CI_196_David_Stockman.mp3
Category:general -- posted at: 12:00pm EST

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.

Key Takeaways:

[5:07] 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

Website:

www.JasonHartman.com/Properties

Direct download: CI_195_David_Nelson.mp3
Category:general -- posted at: 1:43pm EST

Jason Hartman talks with Marc Faber, editor at Gloom, Boom, Doom, about what's going on in our economy with the massive asset inflation that's hit in the past few years. The two examine what central banks will have to do in order to deal with the looming shortages and what investments can buck that trend when it arises.

Key Takeaways:

[4:11] Asset inflation is making the rich richer and leaving the poor and middle class behind

[10:18] Will millennials get bailed out by their inheritance from their Baby Boomer parents?

[13:33] The 2 investments that will appreciate in a global downturn

[15:25] 2 ways central banks can print money

[19:57] Inflationary actions can kick the can down the road a long way, but there is one thing that can ruin the party

Website:

www.GloomBoomDoom.com

Direct download: CI_194_Marc_Faber.mp3
Category:general -- posted at: 4:00pm EST

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.

Key Takeaways:

[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

Website:

www.LiveUpTop.com

Jason Hartman's Real Estate Investor Update Alexa Skill

Direct download: CI_193_Frank_Barletta.mp3
Category:general -- posted at: 8:34am EST

Jason Hartman talks with Ray Hespen, co-founder and CEO of Property Meld, about how property owners can proactively close the problem areas that tenants and landlords have in order to retain the tenants longer. Learn how tenants like to be contacted in today's age, why they leave, and how Ray's software may be able to help you.

Key Takeaways:

[2:44] What issues does Property Meld address to help the tenant?

[4:38] Around 1/3 of all non-renewals are due to poor maintenance experiences

[10:14] The strongest correlation between maintenance requests and renewals is speed, hands down

[12:45] Renters nowadays want to be texted, not called

Website:

www.PropertyMeld.com

www.RealData.com

Direct download: CI_192_Ray_Hespen.mp3
Category:general -- posted at: 4:23pm EST

Jason Hartman talks with Dr. David D Friedman, son of Milton Friedman, former professor at Santa Clara University in the Law School, and author of books such as The Machinery of Freedom: Guide to a Radical Capitalism and Law's Order: What Economics Has to Do with Law and Why It Matters. The two dissect what role the government should have in society: what it's capable of and what it need to steer clear from, while also delving into the 4 problems that need to be addressed in a feud system.

Key Takeaways:

[1:47] How David's thinking is similar and different than his father's

[4:00] Can the government actually be out of everything?

[8:21] One of the mistakes that supporters of free markets make is implying that things won't ever go wrong

[11:51] Market failure is a mark for and against government

[17:43] What David learned about feud law when looking at various legal systems

[21:38] Making the tort claims transferable would make our legal system much better

Website:

www.DavidDFriedman.com

Direct download: CI_191_David_Friedman.mp3
Category:general -- posted at: 6:21pm EST

Jason Hartman talks with Jorge Newbery, founder and CEO of Debt Cleanse, founder of American Homeowner Preservation and author of Debt Cleanse: How to Settle Your Unaffordable Debts for Pennies on the Dollar, about how he was able to climb out of a $26 million hole and how others can follow in his footsteps. This isn't about cheating your way out of debt, it's about using the same rights that creditors have because you need to protect yourself from predatory lending practices.

Key Takeaways:

[2:32] Debt may seem simple, but it's a lot more nuanced that you'd first believe

[4:17] If you can't afford your debts, the best thing you can do is to stop paying them

[7:29] How Jorge got started paying off his $26 million debt

[10:06] What kind of errors you should be looking for from your lendors

[15:56] The elite have often used debt as a way to enslave the lower classes

Website:

www.DebtCleanse.com

Debt Cleanse: How to Settle Your Unaffordable Debts for Pennies on the Dollar

Direct download: CI_189_Jorge_Newbery.mp3
Category:general -- posted at: 3:41pm EST

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.

Key Takeaways:

[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

Website:

www.RealData.com

Direct download: CI_188_Frank_Gallinelli.mp3
Category:general -- posted at: 12:00pm EST

Jason Hartman talks with Raghuram Rajan, former Governor of the Reserve Bank of India and former Chief Economist and Director of Research at the International Monetary Fund (IMF), about how community has been weakened, which has allowed competitive markets and governments to get out of balance. They also discuss what jobs will remain after automation takes off even more, mortgage rates and whether we're headed toward inflation or deflation.

Key Takeaways:

[1:41] What the IMF is and how it differs from the World Bank

[6:36] Massive technological change tends to hit an area and hurt before the benefits kick in later

[9:47] After automation comes and takes many of the jobs, there will still be jobs that involve human interaction

[15:07] Is Raghuram seeing inflation, deflation, stagflation or what in the coming years?

[17:50] Are mortgage interest rates artificially low?

[22:34] There's good deflation and bad deflation

Websites:

The Third Pillar: How Markets and the State Leave the Community Behind

Raghuram Rajan at Chicago Booth School of Business

Direct download: CI_187_Raghuram_Rajan.mp3
Category:general -- posted at: 12:00pm EST

Jason Hartman talks with Rich Dad Advisor and multifamily property investor Ken McElroy about his recent sale of $300 million worth of property, as well as supply levels of multifamily properties, why Ken is still bullish on real estate and the future of interest rates.

Key Takeaways:

[1:38] Why did Ken choose this time to sell his properties and how did he do it?

[5:57] Cap Rate fails to take appreciation into account

[7:53] Is there an oversupply of multifamily that's causing rents to not grow as quickly?

[11:59] What Ken has learned about his facilities for the 55+ community

[13:47] Why Ken is still bullish on real estate

[17:30] Capital always looks for safety in the US

[21:13] The impact things like ride sharing and autonomous cars are having (and will have) on real estate

[23:56] Ken's take on the future of interest rates

Website:

www.JasonHartman.com/Properties

www.KenMcElroy.com

Direct download: CI_186_Ken_McElroy.mp3
Category:general -- posted at: 9:38pm EST

Jason Hartman talks with Jeff Ferry, Chief Economist at the Coalition for a Prosperous America, about what's going on with the US trade war. Jeff has some ideas on how to close the gap between the US and the rest of the world, but Jason has some questions about whether they would cause inflation. They also look into America's manufacturing sector and why we need to ramp it back up.

Key Takeaways:

[1:33] Jeff's thoughts on the current trade situation

[5:49] One of Jeff's solutions for helping cure the trade imbalance is to reduce the value of the dollar

[9:43] How would devaluing the US economy impact our purchasing goods from other countries and how would it impact the economy at home?

[12:55] You have to have capital formation for a society to create wealth

Website:

www.ProsperousAmerica.org

Direct download: CI_185_Jeff_Ferry.mp3
Category:general -- posted at: 2:11pm EST

Jason Hartman and in-house economist Thomas take today's episode to examine the 10 things that are happening in the US and abroad that are making the most impact in 2019. Among them are the US/China trade war, interest rates, the Mueller Report, millennial household formations, and more.

Key Takeaways:

[1:23] The best thing that's happened so far in 2019 is lower interest rates

[4:04] Household formation for millennials is looking really good for investors

[6:46] The Fed being receptive of market conditions has been a good omen for 2019

[11:39] The 3% GDP growth they said we needed to "pay" for the Trump tax cuts happened

[14:38] Blogcast on Creative Destruction

[20:34] The Mueller Report's impact on the housing market

[23:16] The US needs to negotiate with China now before we operate out of a position of weakness

[25:29] When China sat out the bond auction recently it created a wild swing

Website:

www.JasonHartman.com/Properties

Jason Hartman's Real Estate Investor Update Alexa Skill

Direct download: CI_184_Thomas.mp3
Category:general -- posted at: 3:51pm EST

Jason Hartman talks with Howard Jennings, Managing Partner at Stateside APM, about how entities can help foreign real estate investors, as well as how those same foreign investors can save themselves money in creating those entities and avoiding double taxation in certain areas.

Key Takeaways:

[1:50] Do foreign investors need to have entities like an LLC?

[4:44] Some states have higher fees than others, and Canada can even tax you twice

[8:50] Services provided by Stateside APM

[16:16] Nearly every decision in life comes down to instant gratification vs delayed gratification

Website:

www.StatesideAPM.com

www.JasonHartman.com/Properties

Direct download: CI_183_Howard_Jennings.mp3
Category:general -- posted at: 8:53am EST

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.

Key Takeaways:

[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

Website:

www.JasonHartman.com/Vault

Direct download: CI_182_Gary_Boomershine.mp3
Category:general -- posted at: 12:38am EST

Jason Hartman talks with Andres Pira, CEO of Blue Horizon Developments, Managing Director of Phuket Condos & Homes and author of the book Homeless to Billionaire – The 18 Principles of Wealth Attraction and Creating Unlimited Opportunity, about his journey through real estate investing and how he reached this point in his career. Andres explains the importance of giving before expecting and how that will help you succeed in business and life.

Key Takeaways:

[1:48] Andres' path through the real estate world

[6:06] You have to take risks in life, so just make sure you consider the worst case scenario and whether you can bounce back from it

[9:40] Vibrational giving: give out first, then good things will come later

[14:49] Stop trying to win deals and make them win-win

Website:

www.AndresPira.com

Direct download: CI_181_Andres_Pira.mp3
Category:general -- posted at: 3:50pm EST

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.

Key Takeaways:

[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

Website:

www.SallyKohn.com

Direct download: CI_180_Sally_Kohn.mp3
Category:general -- posted at: 2:53pm EST

Jason Hartman talks with Mauricio Rauld, Esq, attorney who specializes in syndications, about what Opportunity Zones can mean for investors. Mauricio breaks down the tax incentives that have been presented, but also why you may not want to invest in them.

Key Takeaways:

[1:17] What's the deal with Opportunity Zones?

[3:14] The 2 things you need to do to invest in Opportunity Zones

[7:32] The 4 tax incentives of Opportunity Zones

[11:43] Will a mass of properties from Opportunity Zones hit the market in 10 years?

Website:

www.PremierLawGroup.net

Direct download: CI_179_Mauricio_Rauld.mp3
Category:general -- posted at: 3:50pm EST

Jason Hartman talks with Dr. Randy Wray, one of the foremost experts in Modern Monetary Theory, about why Minsky the philosopher is important, what exactly MMT is and why it's relevant in today's monetary society. They especially tackle the job guarantee program that MMT espouses and what's coming up for the US in the economy for the next few years.

Key Takeaways:

[1:33] Who is Minsky and why is he someone we should concern ourselves with?

[4:50] What is Modern Monetary Theory and why is it applicable?

[10:38] The governments going back to the colonies spends money into existence and then taxes it back to avoid causing inflation

[13:45] Has all the money that was put into the economy during Obama's term been taken back out by taxes or is it causing inflation?

[17:58] The test you need to use to discover if you're doing monetary policy correct

[21:55] Spending during The New Deal greatly helped move our nation forward and allowed us to become the richest, most developed nation on Earth

[25:56] The job guarantee that Dr Wray is focusing on now would involve a lot of care work, and it would be decentralized

[29:05] What's coming up, economically, for the United States

Website:

www.Levy.org

Direct download: CI_178_Randy_Wray.mp3
Category:general -- posted at: 12:00pm EST

Jason Hartman talks with Shane Connor, founder of Red Rock Capital Group, about sourcing and vetting commercial deals. Jason has Shane break down the process to help new investors figure out their way down the path.

Key Takeaways:

[1:10] How much upside does the multifamily sector have with renters?

[4:22] Is the multifamily inventory improving?

[7:05] Where is Shane finding the deals?

[10:28] How to vet a potential deal

Website:

www.RedRockCapitalGroup.com

Direct download: CI_177_Shane_Connor.mp3
Category:general -- posted at: 8:38pm EST

Jason Hartman talks with Gino Barbaro, co-founder of Jake & Gino, about his investing journey to over 1,000 units owned. Gino and Jason discuss the ways you can increase the revenue of your multi-family units while reducing vacancy. Gino exited the rate race in March 2016 and wants to help as many people as he can to never go back.

Key Takeaways:

[1:56] Gino's investing journey

[4:45] How hard is managing your properties

[8:49] It's harder to increase the income from a single family home as opposed to a commercial property

[13:58] How Gino has increased revenues on his apartment complexes

[19:45] An explanation of Surety Bonds

[22:41] Offering storage facilities at your property can help retain tenants

[24:43] Pet rent needs to become standard practice

Website:

www.JakeAndGino.com

Direct download: CI_176_Gino_Barbaro.mp3
Category:general -- posted at: 10:52pm EST

Jason Hartman talks with Dr Dan Handford, founder of Multifamily Investor Nation and host of Tough Decisions Network for Entrepreneurs podcast, about his journey from doctor to real estate professional. Jason and Dan delve into the shortage of apartment construction that's prevalent around our country, as well as best practices for raising money if you're trying to be a syndicator.

Key Takeaways:

[2:21] How Dan came to be a multifamily real estate investor

[4:58] In 2019 the United States is facing a shortage of apartments

[8:47] How Dan generally structures his deals

[14:48] Some best practices for raising money

[18:54] Why multifamily?

Website:

www.PassiveInvesting.com

Direct download: CI_175_Dan_Handford.mp3
Category:general -- posted at: 5:15pm EST

Jason Hartman talks with Anna Myers, Vice President of Grocapitus, about how to analyze deals, specifically for multifamily. Anna's group is all about finding the right deals in the right market, and she talks with Jason about which markets are looking good and which are past their peak, along with why the demographics for real estate investors is still incredibly bullish.

Key Takeaways:

[1:20] What is Anna's definition of "data driven real estate investing"?

[6:35] How can you know when the supply of starts is going to meet the demand for jobs?

[10:03] Things you need to be looking for at the neighborhood level of your market

[15:48] Anna's team is looking at approximately 80 markets a quarter

[19:40] What kind of properties does Anna have in her portfolio?

[21:49] The stigma of renting is gone as Millennials and Baby Boomers are now renting

Website:

www.Grocapitus.com

www.MultiFamilyU.com

Direct download: CI_173_Anna_Myers.mp3
Category:general -- posted at: 11:53pm EST

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.

Key Takeaways:

[2:19] An intro to tax liens and tax deeds

[3:17] How Julia was able to buy a house in Savannah for simply paying back taxes

[5:46] Julia will be teaching how to avoid problem properties and how she evaluates deals

Websites:

www.JasonHartman.com/Properties

www.JasonHartman.com/Events

Direct download: CI_172_Savannah.mp3
Category:general -- posted at: 12:00pm EST

Jason Hartman talks with Anton Ivanov, founder of DealCheck.io, about his real estate journey and what made him create his deal evaluating software. The two also explore what metrics real estate investors can use to best evaluate deals and where to get numbers that will actually give you accurate results.

Key Takeaways:

[1:24] How Anton became an accidental landlord and started his real estate journey

[4:34] How the need to evaluate deals led to Anton's technology, and how to evaluate deals in general

[7:52] The only sure way to get accurate numbers in cash flow or profit equations

[10:40] Some of the metrics Anton loves to use

[15:02] Is the future for landlords as good as Jason believes?

[21:38] You can buy in blighted areas if you want, but know that they can take a REALLY long time to turn, if ever.

Website:

www.DealCheck.io - Promo Code CW25OFF

Direct download: CI_171_Anton_Ivanov.mp3
Category:general -- posted at: 9:45am EST

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.

Key Takeaways:

[5:08] Misjudging people is extremely expensive, and it's getting even harder to do with everything becoming virtual

[8:07] Thinking about what other people need or are going through is one of the most important life skills you can develop

[11:42] When you ask someone for anything, they are naturally going to be resistant

[14:47] We are emotional creatures, largely governed by our emotions

[26:20] You can change your own life and circumstances by working on your attitude

[29:56] The biggest impediment in people's lives is the inability to affect or influence the people around them

Website:

www.PowerSeductionAndWar.com

Direct download: CI_170_Robert_Greene.mp3
Category:general -- posted at: 5:24pm EST

Jason Hartman talks with Jason Franciosa, CEO & co-founder of Element 26, about the time value of money. Both Jason's are concerned about inflation, and the two look at ways you can maintain your leverage so your returns can beat inflation, as well as how you can utilize your home loans to house hack (especially if you're in the military).

Key Takeaways:

[5:33] Jason's 6 ways governments can get out of debt

[8:05] The time value of money

[12:44] You have to have a way to maintain the leverage you have

[17:28] How you can utilize house hacking

Website:

www.Element26.co

Direct download: CI_169_Jason_Franciosa.mp3
Category:general -- posted at: 6:17pm EST

Jason Hartman talks with Nobu Su, chairman of the shipping company Today Makes Tomorrow and author of The Gold Man From the East. Back in the 2008 financial crisis, Nobu's company was a $5 million victim of Western bankers. Nobu is now fighting back, suing the institutions that took his money and trying to tell his story so others don't suffer the same fate.

Key Takeaways:

[1:39] What's the status of Su's lawsuit against JP Morgan?

[9:22] How long can our country keep going like we are?

[11:27] What is Nobu Store?

[15:16] The history of Nobu's career

Websites:

www.Nobu.store

www.Twitter.com/Nobu__Su

Direct download: CI_168_Nobu_Su.mp3
Category:general -- posted at: 12:00pm EST

Jason Hartman talks with Rohit Talwar, founder of Fast Future Publishing and author of A Very Human Future, about what we can do about the large companies who seem to be in a winner take all society, how life and body hacking are going to change the world, and more.

Key Takeaways:

[2:54] What is value?

[9:57] The 4 views people have of companies like Facebook and Google

[13:33] 3 types of exponential thinking

[17:51] Rohit's example of pooled insurance

[22:35] What are we going to do with the people who are displaced by technology?

[25:40] Body hacking may give us advantages in areas that won't matter in the future due to automation

[27:04] What we need to change in order to have a more optimistic future

Website:

www.JasonHartman.com/Masters

www.FastFuture.com

Direct download: CI_167_Rohit_Talwar.mp3
Category:general -- posted at: 9:47am EST

Jason Hartman talks with Edwin Kelly, founder & CEO of Specialized IRA Services, about some of the creative ways you can use your self-directed IRA to invest in non-stock market related assets. Edwin provides several case studies that show the power of self directing, as well as his "Triple D" process to help you on your way.

Key Takeaways:

[4:07] What is a Self Directed IRA and what kind of assets can you use them for?

[6:56] Some unique strategies people are using in their IRAs

[9:28] Borrowing against your solo 401k as a strategy

[14:57] The Triple D process of Self Directed investing

[16:47] The costs of using self directed funds

Website:

www.JasonHartman.com/Masters

www.SpecializedIRAServices.com

Direct download: CI_166_Edwin_Kelly.mp3
Category:general -- posted at: 9:48am EST

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.

Key Takeaways:

[3:03] Nick's journey from selling and flipping real estate to the education side

[9:32] Nick's first realization that he was making 7 figure decisions, and what true leaders all have in common

[12:35] Real estate isn't perfect, and it isn't easy, but it can bless you significantly

[16:16] Whether it's full or part time, have the entreprenuerial spirit and go create wealth

[18:08] Decision making is one of the most important things a successful person has to have

Website:

www.JasonHartman.com/Masters

www.NVRealEstateAcademy.com

Seven Figure Decisions

Direct download: CI_165_Nick_Vertucci.mp3
Category:general -- posted at: 4:55pm EST

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.

Key Takeaways:

[3:04] There's a pretty decent path from Fed policy to bubbles

[7:34] How the Great Recession came into being

[12:10] Institutions have learned how to create a bubble to profit from, but then also be prepared to make money when their own bubble bursts

[16:17] As long as trades are occuring Wall Street is making money

[18:07] How investment bankers are auctioning off America's infrastructure

[22:47] What is the investor's lesson from the bubble machine?

Website:

www.Taibbi.SubStack.com

www.RollingStone.com

Direct download: CI_164_Matt_Taibbi.mp3
Category:general -- posted at: 3:36pm EST

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.

Key Takeaways:

[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

Website:

www.HomeTaxSavings.com

Direct download: CI_163_Keith_McIntosh.mp3
Category:general -- posted at: 4:15pm EST

Jason Hartman talks with Steven Blue, author of Metamorphosis, about changing your business in today's economic environment. Steven explains what's happening in the Rust Belt, the impact tariffs are having, and the state of manufacturing in the United States.

Key Takeaways:

[2:06] What's going on in the Rust Belt?

[4:45] Even with even tariffs, the circumstances each country allows their companies to have makes trade unequal

[9:39] The mainstay of the US is still manufacturing, but it's eroding because of fat, happy CEOs

[16:40] Can the "Rust Belt businesses" play the same game as the high tech companies?

[19:30] A quick tip on company culture: have a Cirque du Soleil culture

[23:16] The new way of going to trade shows

Website:

www.JasonHartman.com/Masters

www.StevenLBlue.com

Direct download: CI_162_Steven_Blue.mp3
Category:general -- posted at: 5:00pm EST

Jason Hartman talks with George Gilder, author of Wealth & Poverty, Knowledge & Power, The Israel Test, The Scandal of Money, Life After Google, as well as being an investor, writer, economist, and info-theorist, about his newest book, Life After Google. The two discuss how society is shifting when technology continues to change, as well as how blockchain is going to disrupt the entire thing anyway. George also addresses the entrepreneurial spirit in America and what to expect in the next 5-10 years

Key Takeaways:

[14:38] What is Google Marxism?

[19:22] Since many of Google's services are free, their learning may be slower than other companies

[21:32] Google's ultimate goal

[22:26] What will the future look like in 5-10 years with blockchain technology continuing

[26:02] The cryptocosm offers is a new architecture for the internet

[29:25] The entrepreneurial spirit is alive and well in China, more so than in the US

[34:49] What Life After Google offers

Website:

www.JasonHartman.com/Masters

George Gilder Books on Amazon

Direct download: CI_161_George_Gilder.mp3
Category:general -- posted at: 8:46pm EST

In this 10th episode, Jason Hartman talks with Michael Guillen, Emmy Award Winner and author of The End of Life As We Know It, about some of the ethical dilemmas facing society today. Jason and Michael look at one particular case going on today involving chimeras and question whether this is something we SHOULD be doing. We always have to ask whether we're doing something because we CAN or because we SHOULD.

The two also look at the state of the surveillance state, the impact of AI and more.

Key Takeaways:

[3:40] There are some scientific tests being run today that we may want to rethink

[9:572] The inventor of the world wide web is now working on a second iteration because of what has become of his first version

[16:46] We need to really think about some of the things coming in technology, because we're starting to ask machines to make moral decisions

[20:39] The changing face of the surveillance state as the Internet of Things gets bigger and bigger

[22:44] Artificial Intelligence is the 4th industrial revolution and the first one to target people. Will it produce more jobs than it destroys?

Website:

www.MichaelGuillen.com

Direct download: CI_160_Michael_Guillen.mp3
Category:general -- posted at: 9:00pm EST

Jason Hartman talks with Pat Donohoe, author of the new book Heads I Win, Tails You Lose, about the habit of most Americans to delegate their investing, what we should be doing today financially, the use of debt in our country and more.

Key Takeaways:

[2:09] The average American has delegated most of their life to 3rd parties

[5:21] The drive to save money now for the future and retirement is so that you can achieve freedom

[8:09] What should we be doing today for ourselves financially?

[13:00] Think of your employer like a customer, you want to keep them happy but you also want to maximize your revenue

[17:17] The entire country is based in debt

[20:00] The true narrative is to be smart with your money, not to get rid of debt

[26:28] Start to focus on the now rather than the mirage of the future, and start by taking the wool off your eyes when it comes to the banking system

Website:

www.HeadsOrTailsIWin.com

Direct download: CI_159_Pat_Donohoe.mp3
Category:general -- posted at: 3:16pm EST

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.

Key Takeaways:

[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

Websites:

www.JasonHartman.com/Masters

www.BigMikeFund.com

Direct download: CI_158_Mike_Zlotnik.mp3
Category:general -- posted at: 5:25pm EST

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).

Key Takeaways:

[6:08] It's virtually impossible for central planners to get economic issues right

[10:38] How minimum wage is taken care of by the Earned Income Tax Credit

[13:58] The "Economic Berlin Wall" in today's society

[23:39] Using economics when considering the world's population

Website:

www.TheBigQuestions.com

Direct download: CI_157_Steven_Landsburg.mp3
Category:general -- posted at: 10:07pm EST

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