The Commercial Investing Show (general)

Jason Hartman talks with David Osborn, co-founder of Magnify Capital and best-selling author of Wealth Can't Wait: Avoid the 7 Wealth Traps, Implement the 7 Business Pillars, and Complete a Life Audit Today!, about making the conscious decision to be wealthy and how you can actually follow through on that decision while avoiding common pitfalls. They also discuss how absolutely vital the morning is to your life and how you can win the morning.

Key Takeaways:

[2:28] Being wealthy starts with making a choice

[6:35] The mindset is critical but often overlooked

[10:58] When you become successful you eventually just have to learn to deal with being in lawsuits

[14:15] Do NOT hire someone just because you like them

[21:24] Miracle Morning Millionaires

[23:26] By 11am the world is coming at you and you're in reaction mode

Website:

www.DavidOsborn.com

Direct download: CI_210_David_Osborn.mp3
Category:general -- posted at: 3:47pm EDT

Jason Hartman and economist Thomas look back on the 2010s to see what the biggest stories were for investors. From the War on Terror to Obamacare to the aftermath of the Great Recession, it was a decade fraught with ups and downs that provided opportunities for investors to make good money.

Key Takeaways:

[5:13] The 10th biggest story of the decade: the War on Terror explodes the deficit

[8:20] Why European debt issues will come to the fore in 2022

[12:37] The idea of Purchasing Power Parity and what it says about China's economy vs the US

[16:42] As much as Jason doesn't like Obamacare, it makes the list of Top Stories of the 2010s

[26:53] What Jason learned years ago during his day as a lobbyist

[29:10] Thomas is seeing at least a 15% drop in the market coming when the Fed decides to let risk enter the market again

Website:

www.JasonHartman.com/Properties

Direct download: CI_209_Thomas.mp3
Category:general -- posted at: 12:29am EDT

Jason Hartman talks with Anita Campbell, founder and publisher of Small Business Trends, about what markets are currently the friendliest to entrepreneurs. Some rankings are surprising and there's a big surprise when it comes to entrepreneurs in rural areas. They also discuss the potential impacts of minimum wage on small business.

Key Takeaways:

[2:01] Some of Anita's rankings for best cities for entrepreneurs really suprised her

[4:51] How Anita's company was able to use the US Census to help in the rankings

[7:47] Technology has allowed rural areas to start flourishing as entrepreneurial havens

[10:18] Does having more entrepreneurs in an area make the market more or less stable?

[16:32] How the movement to a $15/hr wage is impacting entrepreneurs

Websites:

www.JasonHartman.com/Properties

www.SmallBizTrends.com

www.DataUSA.io

Direct download: CI_208_Anita_Campbell.mp3
Category:general -- posted at: 12:00pm EDT

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.

Key Takeaways:

[1:59] The Federal Reserve is getting more heavy handed as years go by, and hints of a coming recession could lead to more intervention

[6:53] Housing tracked inflation better than gold until the Federal Reserve got real heavy handed after 2001

[11:42] The Fed reacts too quickly to things

[13:21] Dan's prediction of where interest rates are about to head

[19:05] Certain Fed actions and yield curve inversions seem to have a correlation

[22:39] The 2 ways to look at inflation

[26:01] The self-liquidating debt

Website:

www.JasonHartman.com

www.DanielAmerman.com

Direct download: CI_207_Dan_Amerman.mp3
Category:general -- posted at: 12:00pm EDT

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 EDT

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 EDT

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 EDT

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 EDT

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 EDT

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 EDT

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 EDT

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 EDT

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 EDT

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 EDT

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 EDT

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 EDT

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 EDT

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 EDT

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 EDT

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 EDT

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 EDT

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 EDT

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 EDT

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 EDT

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 EDT

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 EDT

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 EDT

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 EDT

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 EDT

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 EDT

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 EDT

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 EDT

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 EDT

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 EDT

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 EDT

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 EDT

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 EDT

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 EDT

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 EDT

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 EDT

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 EDT

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 EDT

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 EDT

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 EDT

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 EDT

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 EDT

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 EDT

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 EDT

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 EDT

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 EDT

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 EDT

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 EDT

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.

Key Takeaways:

[1:45] How the demographics for the next decade looks for landlords

[3:43] Where Jason believes home ownership rate should be

[5:59] The faster growing demographic of renters is the baby boomers

[8:58] Millennials are renting in large numbers, partially thanks to the portability society

[12:55] What investing really is and other investment philosophies

Website:

www.WellingsCapital.com

The Perfect Investment: Create Enduring Wealth from the Historic Shift to Multifamily Housing

Direct download: CI_155_Paul_Moore.mp3
Category:general -- posted at: 6:06pm EDT

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.

Key Takeaways:

[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

Website:

www.REInvestorSummit.com

Direct download: CI_154_Mitch_Stephen.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman talks with Nely Galan, former president of Telemundo and author of Self-Made: Becoming Empowered, Self-Reliant and Rich In Every Way, about her journey up the corporate ladder and why she got in to investing in commercial properties. Nely took the dramatic step of leaving a solid, promising job in network TV to become employee #1 at a small startup called Telemundo. Nely explains how you can use your early jobs to prepare yourself for your own success and why sacrifice is necessary.

Key Takeaways:

[2:06] Make mistakes on other people's dime so you can succeed when you go out on your own

[7:08] Being employee #1 can be worth it

[8:47] Every job you do teaches you something that eventually leads to mastery

[11:52] Why Nely wrote Self Made

[15:54] You have to be willing to sacrifice something to get something better

Website:

www.BecomingSelfMade.com

Direct download: CI_153_Nely_Galan.mp3
Category:general -- posted at: 3:43pm EDT

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.

Key Takeaways:

[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

Website:

www.JasonHartman.com/Properties

Jason Hartman's Flash Briefing

The PropertyCast

Direct download: CI_152_6_Reasons.mp3
Category:general -- posted at: 9:25am EDT

Jason Hartman talks with Ross Baird, President at Village Capital Group and author of The Innovation Blind Spot, about where all the startup money is going these days. Venture capital is flowing to tech and everyone's trying to hit a home run, not a bunch of singles. Ross discusses the danger of our current "winner take all" mentality, some options for what to do with the big companies like Google and Facebook, and why sometimes looking in your back yard for an investment is the way to go.

Key Takeaways:

[2:48] Where is all the startup money going?

[5:57] Most people in positions of power and influence are unintentionally leaving out entire swaths of the population

[8:47] We're living in a "winner take all" type society right now

[11:18] The 3 options for what needs to happen to these big public companies

[15:04] You don't always have to look for the next big thing, sometimes you just have to look at what's going on right around your home town

[19:06] Everyone goes for location in real estate, but the better yield is in the non-trophy property

Website:

www.VilCap.com

Direct download: CI_151_Ross_Baird.mp3
Category:general -- posted at: 11:00am EDT

In this 10th episode, Jason Hartman speaks with Dr. Gina Loudon, co-host of America Talks Live on NewsmaxTV, certified hypnotherapist, founding writer at Breitbart and official Trump campaign surrogate, spokesperson to Donald Trump's 2016 Presidential campaign and member of the President's 2020 Media Advisory Board. The two discuss the political divide that's present in today's society and whether it's worse now than it's been in the past. They also discuss the 3 types of people in the world and how President Trump is one of the most misunderstood people on the planet.

Key Takeaways:

[2:38] We frequently forget to look at the WHY all this division is going on

[5:39] Are we really divided more now or is it all just sensationalized?

[10:51] The USA is actually living in the most healthy, happy, prosperous and safest times in history

[15:34] The monologue media vs the dialogue media

[16:51] The 3 types of people in today's world

[20:51] Gina says President Trump is one of the kindest and loyal people she's ever met

Website:

www.DrGinaLoudon.com

Direct download: CI_150_Gina_Loudon.mp3
Category:general -- posted at: 12:00pm EDT

Jason Hartman takes today's episode to look at inflation, the trade war, and how the economy lags behind things like these. To help him with that dissection he brings in one of the new additions to his team, in house economist Thomas. Thomas helps Jason decipher his charts that show how the home sales change along with inflation and mortgage rates. All of these things add up to important tools you can use as you prepare your portfolio for the next recession we all know is going to show up sooner rather than later.

Key Takeaways:

[2:07] What you see when you compare the 30 year mortgage rate to existing home sales

[6:29] Inflation has been announced as mild recently, but how does it impact the economy and attitudes in general?

[8:04] What does the trade war mean for inflation?

Websites:

www.JasonHartman.com/Properties

Direct download: CI_149_Thomas_Young.mp3
Category:general -- posted at: 12:00pm EDT

Jason Hartman talks with Venture Alliance member Mike Zlotnik about cap rates in today's interest rate environment. Mike explains what happens to cap rates (and commercial real estate investing as a whole) when interest rates start rising. After years of artificially low interest rates, we're starting to see rates finally rise, so strap in and learn how to navigate the waters and get some real life numbers of the true impact.

Key Takeaways:

[2:09] We are definitely in the period of abnormally low interest rates, and the Fed is raising them at a pretty rapid pace

[5:20] We've been spoiled by artificially low interest rates

[8:09] The inverse relationship between cap rates and prices

[12:45] A real life example of the impact of higher interest rates

[16:45] We live in a world where the Federal Reserve and the Treasury don't have to make sense

[22:00] Can the US government afford high interest rates?

[26:16] Why are rates going higher?

[29:15] How to prepare for higher rates

Website:

www.BigMikeFund.com

www.TempoFunding.com

www.JasonHartman.com/Properties

Direct download: CI_148_Mike_Zlotnik.mp3
Category:general -- posted at: 9:17am EDT

Jason Hartman talks with Ben Way, CEO of Digits, about how the future is going to look in the first part of their interview. The two start off discussing how Digits is going about turning regular credit cards into Cryptocards that allow you to spend your cryptocurrency but also hedge that purchase for a year. Then the two discuss the changes that automation is going to bring to our society, from dating to working, to risk aversion. Information is more available than ever before, is that actually holding us back?.

Key Takeaways:

[1:23] How Digits converts your existing credit cards into crypto cards and gives you up to a 1 year hedge on your currency

[4:39] How the 1 year hedge is made possible

[8:54] Every innovation leads people to fear that everyone was going to lose their job and be displaced, but it's never really happened. Is this time different?

[12:26] What people forget about automation

[16:29] How do the logistics and hard drives of robots work?

[19:40] The plethora of information is making kids more risk averse

[23:21] The two things we get wrong when it comes to education

Website:

www.RainmakersGlobal.com

Direct download: CI_146_Ben_Way.mp3
Category:general -- posted at: 4:27pm EDT

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.

Key Takeaways:

[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?

Website:

www.Windermere.com/Economics

Direct download: CI_145_Matthew_Gardner.mp3
Category:general -- posted at: 4:43pm EDT

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.

Key Takeaways:

[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

Website:

www.ListWithClever.com

Direct download: CI_144_Ben_Mizes.mp3
Category:general -- posted at: 11:04am EDT

Jason Hartman talks with Bill Janeway, an active venture capitalist, director of Magnet Systems and O'Reilly Media, Chairman of the Board of Trustees of Cambridge in America, and author of the recently revised and updated book Doing Capitalism in the Innovation Economy. The two discuss the 3 player game and the government's role on both the supply and demand side of the market, the digital revolution and the coming green revolution.

Key Takeaways:

[1:27] How the thesis of the 3 player game came about

[5:24] There are markets that need government pushing the supply side of things for driving innovation, but sometimes the government even needs to be on the demand side, adding income to support the economy

[9:17] If the government hadn't jumped in on the demand side in the 2009 recession history has shown us what would have happened

[11:21] Wherever there's a market for assets there will be bubbles

[17:05] Why the digital revolution made Bill extend his book

[24:05] We've got a new challenge, a new technological revolution, which is the need for a new, green revolution

Website:

www.BillJaneway.com

Direct download: CI_144_Bill_Janeways.mp3
Category:general -- posted at: 7:03pm EDT

Jason Hartman talks with John Tamny, director for the Center for Economic Freedom, Editor of Real Clear Markets, and author of Who Needs the Fed?: What Taylor Swift, Uber, and Robots Tell Us About Money about why he believes the Fed doesn't have anywhere near the power they're given credit for, why their policies aren't effective in today's world, and why demographics may not be as useful as they're believed. John & Jason also discuss the impact of automation on all aspects of our life. John is excited about what all of this change will mean for the common worker and believes it will lead to higher quality of life for all.

Key Takeaways:

[2:15] How Uber made John realizing something about the Fed

[5:59] The importance of the Fed is vastly overstated

[11:01] The idea that the rest of the world is in on some deal where they hold worthless treasuries isn't realistic

[13:58] Demographic arguments regarding Japan don't hold a lot of weight with John

[17:44] Money flows to its highest use, regardless of the Fed

[22:13] Automation is going to lead into a surge in new kinds of jobs

[26:55] The demand for entertainment and service is going to explode

[28:44] Tamny's Law: as prosperity grows more and more people escape laziness because they find work they love

[30:24] John's thoughts on Universal Basic Income

Website:

www.RealClearMarkets.com

Direct download: CI_143_John_Tamny.mp3
Category:general -- posted at: 7:19am EDT

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.

Key Takeaways:

[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

Website:

www.GreenfieldAdvisors.com

www.AVMAnalytics.com

Direct download: CI_142_Andy_Krause.mp3
Category:general -- posted at: 4:27pm EDT

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.

Key Takeaways:

[1:30] How can the blockchain be used in the real estate world?

[8:26] Do countries outside the US needs this more than the US does?

[13:04] Propy is mostly going to be cutting down on closing costs

[14:12] How do you use Propy in real life?

[18:54] What's the future for Propy?

Website:

www.Propy.com

Direct download: CI_141_Natalia_Karayaneva.mp3
Category:general -- posted at: 12:00pm EDT

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.

Key Takeaways:

[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

Website:

www.Independent.org

Direct download: CI_140_Robert_Whaples.mp3
Category:general -- posted at: 9:51pm EDT

Jason Hartman talks with Hunter Thompson, Managing Principal at Cash Flow Connections, about his work in the self storage arena and what kind of opportunities are available there. Hunter gives listeners some tips on easy ways to drastically increase your properties worth, as well as some key metrics to look at when evaluating potential deals.

Key Takeaways:

[1:33] Hunter's back story that led him to be in the real estate market he's in

[5:29] Why invest in self storage?

[8:49] One of the key metrics you need to look at when considering a self storage facility

[13:31] The strategy an individual investor should have when it comes to getting in on a storage facility

[17:33] Some of the quick, easy (possibly even free) ways to raise the value of your self storage facility

[20:20] Self storage hasn't reached the point of complete automation

[23:52] How to find, vet, and underwrite a deal

[28:00] The financials you should look through when vetting a deal

Website:

www.CashFlowConnections.com

Direct download: CI_139_Hunter_Thompson.mp3
Category:general -- posted at: 3:20pm EDT

Jason Hartman talks with Dan Rutherford, deputy director for the Office of Customer Education and Outreach with the US Commodity Futures Trading Commission, about some incidences of fraud in options trading that his office is seeing, and what signs you can look for to make sure you're not scammed. The rise in prominence of cryptocurrencies has brought plenty of scam artists into the arena, and they're currently focusing education on binary options.

Key Takeaways:

[3:06] What kind of fraud is going on in options?

[7:15] The main things you should be watching out for to recognize a scam

[12:53] There's a whole lot more education on cryptocurrencies needed in the general public

[15:47] Some tips to avoid fraud and how to help out others who may be being taken advantage of

Website:

www.SmartCheck.gov

Direct download: CI_138_Dan_Rutherford.mp3
Category:general -- posted at: 4:58pm EDT

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.

Key Takeaways:

[1:40] What is Lease Guarantee?

[3:56] How much does the Lease Guarantee cost and what exactly does it cover?

[8:09] The steps you have to go through when a tenant misses their rent payment

[11:17] What judgement do you need to get for Lease Guarantee to pay out?

[13:56] Jeff's property management best practices, and proper tenant screening

[18:12] 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?

Website:

www.AAOA.com

www.TenantAlert.com

Direct download: CI_137_Jeff_Cronrod.mp3
Category:general -- posted at: 4:55pm EDT

Jason Hartman talks with Alan Beaulieu, President & Principal at ITR Economics and author of Prosperity in the Age of Decline, about what's going on in our economy when it comes to energy, inflation, and millennials. The two take a look at the difference between virtuous and non-virtuous inflation, how the millennials might respond to seeing actual inflation (and ways you can educate yourself about how times used to be different) and why you should be excited about the things that are coming. Alan also gives his thoughts on the recent tariffs and tax reform.

Key Takeaways:

[4:16] What's coming in the economy next

[6:15] What is "virtuous" and "non-virtuous" inflation?

[9:17] In 12 years there will be 30 million more people drawing down on Medicaid and Social Security

[13:24] Every single industry is having problems finding enough people, so the future isn't as bleak as you might think

[16:49] The 5 sources of inflation

[20:24] We're in a golden age with stable energy

[22:40] The 3 reasons Alan's excited about where we're headed

Website:

www.ITREconomics.com

Prosperity in The Age of Decline: How to Lead Your Business and Preserve Wealth Through the Coming Business Cycles

Direct download: CI_136_Alan_Beaulieu.mp3
Category:general -- posted at: 5:52pm EDT

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.

Key Takeaways:

[3:53] What kind of regulations do ICOs have?

[8:33] 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

[12:32] G7 might put Bitcoin into their currency baskets because they're anti-inflationary

[15:27] Can cryptocurrencies overcome any potential opposition from governments and central banks?

Website:

www.LDJCapital.com

Direct download: CI_135_David_Drake.mp3
Category:general -- posted at: 2:14pm EDT

Jason Hartman talks with Steven Quintanilla, co-founder of SpaceCadet, about the short-term rentals. But this time, however, we're not talking about short-term residential property, but short-term commercial property rentals. Steven tells Jason about how the process works and the arrangement can benefit both sides in certain situations.

Key Takeaways:

[8:24] What is a micro-rental?

[15:13] Are there any places to go to browse available properties?

Website:

www.SpaceCadet.io

Direct download: CI_134_Steven_Quintanilla.mp3
Category:general -- posted at: 9:08pm EDT

Jason Hartman talks to one of his podcast mentors, Jim Puplava, host of Financial Sense, about his thoughts on the new tax reform, what's happening with inflation (both today and moving forward), the different motivation of millennials compared to former generations, and more.

Key Takeaways:

[2:05] Will the new tax plan expedite people and companies leaving high tax states?

[6:53] Hidden taxes in states like California

[7:59] What's the endgame when states and municipalities go bankrupt? Is it just a federal bailout?

[10:53] Jim's current inflation thoughts

[14:23] How much longer can the US continue to kick the can down the road when it comes to the debt?

[17:49] Why double inflation arbitrage is fantastic for real estate investors

[21:03] What the next downturn is going to look like

[26:21] Jason's new theory

Website:

www.FinancialSense.com

Direct download: CI_133_Jim_Puplava.mp3
Category:general -- posted at: 5:09pm EDT

Jason Hartman talks with Richard Wilson, a family office expert, about what we can learn about investing by looking at what centimillionaires are doing. First off Richard explains what exactly a family office is, what amount of money it actually takes to be a part of one, and why you need an internal dashboard and compass in your life.

Key Takeaways:

[2:21] Some of the business practices used by centimillionaires

[6:05] What a family office really is, and why it's a thing

[10:22] The net worth you need to make a family office worthwhile

[14:08] Niche domination as a strategy

[18:08] If you don't have a focused approach to investments, and don't do things highly intentional, you'll never have synergy

[20:08] You need to have a dashboard and compass as to where you want to go, and it needs to be documented

[22:40] Everything in your life and business needs to have integrity

Website:

www.FamilyOffices.com

Direct download: CI_132_Richard_Wilson.mp3
Category:general -- posted at: 12:00pm EDT

Jason Hartman talks with Garrett Gunderson, founder of The Wealth Factory and author of Killing Sacred Cows: Overcoming the Financial Myths that are Destroying Your Prosperity and What Would the Rockefellers Do, about the financial myths that persevere in today's world that need to go away. Too many people are living by the old rules that no longer have any basis in truth, and it's time to steer away from those habits and in to habits that will actually help you win today.

Key Takeaways:

[1:49] A lot of people are still playing by society's old rules

[4:56] The 4 main areas where you can win first and then play

[9:09] Even if there's a finite amount of money, there's an infinite number of times it can exchange hands

[12:50] The 2 ways you can overcome the scarcity belief system

[17:02] A quick exercise to make your income start rising

[20:18] What kind of insurance do you actually need?

Website:

www.WealthFactory.com/Podcast

Direct download: CI_131_Garrett_Gunderson.mp3
Category:general -- posted at: 9:38pm EDT

In this 10th episode, Jason Hartman goes off topic with Joan Sotkin, host of the Prosperity Place podcast and author of Build Your Money Muscles, about how to rewire your brain for prosperity and financial freedom. Jane points out that you need to connect with your negative emotions about money because emotions are created to be expressed, as well as remembering that you're not doing it for money but for what the money allows you to do.

Joan and Jason look into why people quit at the first sign of trouble and how you can be part of the 2% of people who actually achieve change.

Key Takeaways:

[1:44] Money problems aren't usually about money

[6:14] The questions you need to ask yourself when you're trying to change your bad habits

[9:44] You need to connect with your negative emotions surrounding an idea because emotions, by nature, need to be expressed

[12:04] Remember, you're not working for money, you're working for what the money will buy

[16:27] The people who are successful are problem solvers who see problems as opportunities

[20:44] What can you do about people who give up at the first hint of trouble?

[23:33] Only 2% of people who want to change actually make the change

Website:

www.ProsperityPlace.com

Direct download: CI_130_Joan_Sotkin.mp3
Category:general -- posted at: 5:44pm EDT

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.

Key Takeaways:

[1:00] What people don't realize about interest rates

"People buy houses on a payment, not a price"

[2:12] What the Fed will do if the market drops 10% and what else will happen if it drops 20%

[5:31] What Richard wishes the government had done with the $1 trillion in new deficits that will occur from the new tax reform

[10:06] Why Richard thinks the government can invest as wisely as private companies

[14:32] What are the next few years going to look like?

[17:05] People need to get very familiar with quantitative tightening

Websites:

www.RichardDuncanEconomics.com
(promo code: GLOBAL for 50% off)

Direct download: CI_129_Richard_Duncan_2.mp3
Category:general -- posted at: 10:07pm EDT

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.

Key Takeaways:

[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?

Websites:

www.RichardDuncanEconomics.com
(promo code: GLOBAL for 50% off)

Direct download: CI_128_Richard_Duncan_1.mp3
Category:general -- posted at: 12:00pm EDT

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.

Key Takeaways:

[1:31] Is Barry still bullish the US real estate market?

[5:35] The power of leverage, when a 6% return can dwarf 20%

[9:25] The interest you pay for your house goes to the lender, but the principle is STILL YOUR MONEY

[11:50] How much Barry expects mortgage rates to rise in 2018, and how it impacts appreciation

[12:55] Why aren't people taking the mortgage tax deduction?

[14:34] The bullish sentiment is the highest it's been in about 20 years

[18:45] How Roe v Wade led to a housing bubble

Website:

www.MBSHighway.com

Direct download: CI_127_Barry_Habib.mp3
Category:general -- posted at: 5:14pm EDT

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.

Key Takeaways:

[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?

Website:

www.RealEstateInvestingIsEasy.com

Direct download: CI_126_Tom_Cafarella.mp3
Category:general -- posted at: 2:43pm EDT

Jason Hartman talks with Harry Dent, author of the new book Zero Hour, about current demographic trends and what they means for our society (assuming fiscal and monetary policy doesn't go haywire), as well as how long technology takes to go mainstream and impact society, the impact of sunspots on our economy, environment, and psychology, why the new tax reform is the cure for the problem that doesn't exist, and more.

Key Takeaways:

[2:13] What does Harry learn by looking at sunspots?

[6:28] There's both global warming and cooling going on right now thanks to sunspots

[8:26] Harry does NOT believe this is the time to be cutting taxes

[11:26] The greatest BS economic recovery in history

[14:30] How much does money trickle in this consumption driven economy that needs growth?

[17:23] Nobody takes downturns into consideration when planning the future

[20:57] When are we likely to see a spike in life expectancy?

[24:08] The wild card in predictions using demographics is the government's monetary & fiscalpolicy

[27:37] Why we're going to have a big revolution if things don't change

Website:

www.HarryDent.com

Direct download: CI_125_Harry_Dent.mp3
Category:general -- posted at: 8:38pm EDT

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.

Key Takeaways:

[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

Website:

www.PragCap.com

Direct download: AIPIS_124_Cullen_Roche.mp3
Category:general -- posted at: 12:00pm EDT

Jason Hartman talks to Dr. Eric Pichet, Professor & Director of Specialized Masters Program in Wealth Management & Real Estate Management at KEDGE Business School in France, about real estate around the world, as well as the current view of cryptocurrency by governments across the globe.

The two discuss how there is no global real estate market, but there are similarities in each of them, why the US home market is so much bigger than other nations, how cryptocurrencies are being received in Europe and whether governments and central banks will be moving to crush them in the near future.

Key Takeaways:

[1:43] There's no global real estate market, but we seem to be in about the same place in the cycle of each of the big areas

[5:27] Eric's take on Jason's 3 types of market belief

[6:37] Why Jason thinks the European home market is much slower than the US

[10:12] The series of economic events that led to French citizens being interested in real estate

[12:10] The sentiment about cryptocurrencies in Europe

[16:11] How are cryptocurrencies viewed by governments and central banks?

[18:58] Eric expects the G20 nations to declare Bitcoin as a tool for money laundering and terrorism

Website:

www.EricPichet.fr

Direct download: CI_123_Eric_Pichet.mp3
Category:general -- posted at: 3:35pm EDT

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.

Key Takeaways:

[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

Website:

www.NHPFoundation.org

Direct download: CI_122_Richard_Burns.mp3
Category:general -- posted at: 9:25pm EDT

Jason goes into his client case study with Gary & Sue Pinkerton. The two give Jason a lot of background on why they're investing in real estate, why they continued investing even when their initial property went horribly awry, the way (and reason) they went about their mortgage sequencing, and how they picked the markets they're currently in.

Key Takeaways:

[2:22] Gary & Sue's first property did NOT start off well

[7:12] It's crucial to listen to your wife's intuition

[11:04] How Gary & Sue decided to split up their mortgages and why

[14:13] Why Gary & Sue picked the markets they're in today

[18:22] Sue's self-management tips

[21:58] The fragmented nature of single family real estate investing is frustrating

[25:19] There's NO SUCH THING as a passive investment

Websites:

www.JasonHartman.com/Properties

Direct download: CI_121_Pinkertons.mp3
Category:general -- posted at: 12:00pm EDT

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.

Key Takeaways:

[4:04] How is ADHD a benefit?

[6:31] 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

[9:35] You can lead the life you want, you just have to be willing to make the trade offs

[13:43] Your audience will tell you what they want and where they are, if you're willing to listen

[15:38] 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

Website:

www.ShankMinds.com

www.FasterThanNormal.com

Direct download: CI_120_Peter_Shankman.mp3
Category:general -- posted at: 6:55pm EDT

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.

Key Takeaways:

[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

Website:

www.MeyersResearch.com

Direct download: CI_119_Jeff_Meyers.mp3
Category:general -- posted at: 5:12pm EDT

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.

Key Takeaways:

[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?

Website:

www.SlicingPie.com

Direct download: CI_118_Mike_Moyer.mp3
Category:general -- posted at: 2:57pm EDT

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.

Key Takeaways:

[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

Website:

www.AHPFund.com

www.DebtCleanse.com

Direct download: CI_117_Jorge_Newberry.mp3
Category:general -- posted at: 11:10pm EDT

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.

Key Takeaways:

[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

Website:

www.USTAGInc.com

Direct download: CI_116_Joe_Viery.mp3
Category:general -- posted at: 8:20pm EDT

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.

Key Takeaways:

[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

Website:

www.DanielAmerman.com

Direct download: CI_115_Daniel_Amerman.mp3
Category:general -- posted at: 5:47pm EDT

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

Key Takeaways:

[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

Website:

www.MoneyballEconomics.com

www.TheMoneyballTrader.com

Direct download: CI_114_Andrew_Zatlin_2.mp3
Category:general -- posted at: 6:01pm EDT

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.

Key Takeaways:

[1:33] Andrew likes to check in with companies about what they're doing in regards to hiring

[4:02] Home builders can't hire enough people right now. The bottleneck is labor because there's a LOT of competition for it

[7:00] One question we need to ask is: what's creating all this demand for housing?

[11:04] The environment today makes it more attractive to buy rather than rent

[16:54] Do short-term rental providers need to worry about oversupply?

[19:12] Hotel vacancy rates tipped into the negatives this past year because of short-term rentals exploding in popularity

[21:52] Demand will create supply, but sometimes supply can create demand

[25:45] The Fed is on a trajectory of tightening

Website:

www.MoneyballEconomics.com

Direct download: CI_113_Andrew_Zatlin_1.mp3
Category:general -- posted at: 9:13pm EDT

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.

Key Takeaways:

[2:43] Where are the assets?

[7:20] Why it's important to remember that you can't hear the dogs that don't bark

[9:24] Too big to fail has gotten even bigger

[12:51] Jason saw the first part of the mortgage crisis coming, but didn't see the second part that involved Wall Street coming at all

[17:54] Blockchain technology is phenomenal, but it's not Bitcoin, which you HAVE to remember

Website:

www.FinancialSurvivalNetwork.com

www.JasonHartman.com

Direct download: CI_112_Kerry_Lutz.mp3
Category:general -- posted at: 12:05pm EDT

Jason Hartman talks with Danielle DiMartino-Booth, author of FED UP! and founder of Money Strong, about her thoughts on the new tax reform bill, whether the corporate repatriation will improve the economy, cryptocurrency, the US shrinking labor force and more.

Key Takeaways:

[1:46] Danielle's thoughts on the new GOP Tax Reform

[5:15] Share buybacks have slowed, why is that important?

[7:55] We have no idea what the unwind of the biggest experiment in monetary policy will look like

[10:47] Why the biggest bubble out there today is the confidence bubble

[11:41] Danielle's opinion of the cryptocurrency world today

[14:13] The best comparison for the cryptocurrency mania we see today

[17:35] The United States has had a shrinking work force for 20 years now

[18:27] We have GOT to change our education system so we can be competitive on the global stage

Websites:

www.DiMartinoBooth.com

www.Twitter.com/DiMartinoBooth

Tweets:

So much of this tax law depends on unicorns existing that I just don't know how much faith we can put in it

2017 has been a record run rate for quantitative easing globally

You can't tell me that anything is a storer of value that can lose 25% in a week

Direct download: CI_111_Danielle_DiMartino_Booth.mp3
Category:general -- posted at: 1:50pm EDT

In early August, 2017, James Damore was fired from Google for writing the now famous #GoogleMemo. In it he documented Google's internal echo chamber, some of the dangers the companies policies toward men and women present, and some suggestions for how to change moving forward. The document wasn't received as he had hoped, however, and he was fired after the memo went viral.

In this 10th episode, Jason Hartman talks to James about the dangers of a company as big as Google becoming something akin to a thought police, whether algorithms should be public, what parts of the memo were ignored by the media (but incredibly important), and why we're seeing less and less diversity of thought in the world today. He has recently filed a class action lawsuit against Google.

Key Takeaways:

[2:38] How the Google memo came along

[6:06] People talk about diversity, but don't surround themselves with any diversity of thought

[7:42] An overview of the memo and what people considered so offensive

[13:49] Some aspects of the Google memo were ignored by the media

[15:46] We need to stop defining success solely in monetary terms, and women are now facing the stress related health concerns previously almost exclusively held by men

[19:32] If we don't acknowledge, and celebrate, our differences as people, EVERYONE loses

Website:

www.FiredForTruth.com

www.Twitter.com/JamesADamore

Direct download: CI_110_James_Damore.mp3
Category:general -- posted at: 8:00am EDT

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.

Key Takeaways:

[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

Websites:

www.JasonHartman.com/Masters

www.RealEstateConsulting.com

Direct download: CI_109_John_Burns.mp3
Category:general -- posted at: 10:43am EDT

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.

Website:

www.JasonHartman.com/Masters

www.KenMcElroy.com

Direct download: CI_Ken_McElroy_Announcement.mp3
Category:general -- posted at: 7:00am EDT