The Commercial Investing Show

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

2018's Meet the Masters event was already packed with great speakers like Jason Hartman, Garrett Sutton, Brian Smith, Danielle DiMartino-Booth, John Burns, and more. Today, Jason Hartman is proud to announce that former Congressman (and America's foremost advocate for libery) Ron Paul will be joining the fold to headline the event.

Ron Paul was most recently a Republican candidate for President in 2008 and 2012, and served in the US House of Representatives for Texas for more than 25 years in all. He is a critic of policies like the USA Patriot Act and has criticized the federal governments fiscal policies a multitude of times. He's also outspoken against Federal Reserve, and the US tax code.

Website:

www.JasonHartman.com/Masters

www.CampaignForLiberty.org

Direct download: CI_Ron_Paul_Announcement.mp3
Category:general -- posted at: 11:07pm EDT

Jason Hartman talks with Ryan Schellhous, founder at IndigoSpire CPAs & Advisors, about the new tax plan. The two start off with a 30,000 foot overview of the plan, then drill down into specific components of the plan as they figure out who is going to be helped and who may not see as much of a benefit under the plan. Ryan explains the biggest revenue raisers and "losers" under the new bill, and some of the most important pieces that will impact individual filers.

Key Takeaways:

[3:28] The 30,000 foot overview of the GOP Tax Reform

[5:23] Will this tax reform create a repatriation of wealth back to the US?

[9:14] The move that mobilized the GOP forces toward tax reform

[11:11] The 2nd most important thing in the tax plan was the widening of tax brackets and lowering of rates for individuals

[13:21] The standard deducation has been increased, which should increase the number of simple 1040s being filed

[16:22] The single largest revenue raiser in the entire bill

[18:34] The change in mortgage interest deductions could cause a dampening in the high end real estate market

[21:04] The Alternative Minimum Tax isn't gone, but it's gone through an overhaul

[22:55] Pass-through businesses are getting a 20% deduction

[29:54] The accelerated bonus depreciation is enormous for real estate investors

[33:26] Changes to the 1031 Exchange rule

[37:29] The carried interest rules have changed as well, impacting the hedge fund managers trading techniques

[39:18] 529 plans (education plans for children) can now be used to pay for private schools

[39:52] Some tax changes that were EXPECTED but didn't end up happening

Website:

www.JasonHartman.com/Masters

www.JasonHartman.com/Contest

www.IndigoSpire.com

Direct download: CI_108_Ryan_Schellhous.mp3
Category:general -- posted at: 8:48pm EDT

Jason Hartman interviews Rich Dad Advisor Ken McElroy, who will be speaking at this year's Meet the Masters of Income Property in La Jolla. Ken tells Jason some of the most common mistakes he sees real estate investors make, why you can't just buy real estate any time you like, and some tips on how to do property management the right way.

They also discuss why the American idea of home ownership may be a massive myth, and two critical pieces to your investment success.

Key Takeaways:

[4:44] The two common mistakes Ken sees in real estate investors

[6:47] Real estate is cyclical, so you can't just buy all the time throughout your career

[9:09] Ken's real estate business model

[10:48] Some tips on how to do property management right

[13:29] C class properties look good on paper, but in the long run, better quality properties bring better quality tenants

[20:16] It's important to treat all your residents as your customers

[21:42] Is the idea of home ownership a myth?

[23:55] Population growth and migration are two things critical to investment success

[27:14] The state of the states

Website:

www.JasonHartman.com/Masters

www.MCCompanies.com

Direct download: CI_107_Ken_McElroy.mp3
Category:general -- posted at: 10:38am EDT

Jason Hartman talks with Ed Mermelstein, founding partner of Rheem Bell & Mermelstein LLP, about what the GOP tax plan will likely do to foreign investment in US real estate. Ed describes how foreign investors are CURRENTLY investing in the US, and whether this plan will make the money flow in to the country or go running away to other countries. This impact will have especially large effects on big name markets like New York, San Francisco, and Los Angeles.

Key Takeaways:

 

[1:43] Will the proposed tax plan make the US real estate market more or less attractive to foreign investors?

[3:58] The typical business designation that foreign investors use

[6:33] Why some changes in deductions will effect investment in big cities like NY, LA, SF

[9:39] Which countries some of the major US markets get most of their foreign investment dollars from, and how the investors are using their properties

[13:42] Are any foreign governments buying US real estate?

[16:44] The US is in a sweet spot where European and Asian investors will invest, but it doesn't go overboard because of logistics like time differences and distance

Website:

www.RBMLLP.com

www.OneAndOnlyRealty.com

www.JasonHartman.com/Contest


"If fewer people wanted to own homes it will be better for the economy, and it will be better for investors."

Foreign investment tends to sometimes make the news in a negative manner, but we should also consider the benefits of foreign investment in the United States

Direct download: CI_106_Ed_Mermelstein.mp3
Category:general -- posted at: 9:00am EDT

Jason Hartman is happy to bring one of his clients, Adam Jackson, on to the show to talk about his journey into real estate investing. Adam started buying properties toward the end of 2016, and has subsequently purchased 11 homes in the past year on his quest for financial freedom.

Adam shares what markets he's currently invested in, where he's looking to expand, keeping score with personal financial statements, and keeping a healthy balance.

Key Takeaways:

[1:47] Who is Adam Jackson?

[7:26] Where Adam bought his first property, and why

[9:36] Why Adam chose to buy a home with cash

[17:26] When you suffer through an expensive repair, remember that your loss is shared by the government on your tax return

[20:03] How to keep score via financial statements

[24:57] The P vs PC Balance

[28:03] Adam's attempt at the abundance mentality and trying to pass along whatever wisdom/money/time he can

[31:44] Focusing on a few things in-depth is better than a little bit of everything

Website:

Submit Your 5-Year Plan!

www.JasonHartman.com/Masters

Magic Power by Triumph


"The other asset, that people don't realize they have, is their credit"

Direct download: CI_105_Adam_Jackson.mp3
Category:general -- posted at: 12:00pm EDT

We've all heard about crowdfunding sites like GoFundMe, KickStarter, and IndieGoGo. Now, however, there's crowdfunding for real estate deals, and AlphaFlow is one of the leaders in the industry.

Jason Hartman talks with Ray Sturm, co-founder and CEO of AlphaFlow, about how it all works, what kinds of deals AlphaFlow is interested in, and why some deals just don't work.

Key Takeaways:

[1:59] What AlphaFlow is and how it works

[3:58] The regulations AlphaFlow has to follow

[6:43] In real estate crowdfunding you have to commit early

[10:47] Why AlphaFlow sticks with residential real estate

[13:58] The interest rates that borrowers are paying and how the loan breakdown works

[16:33] AlphaFlow stays away from refinancing deals

Websites:

www.AlphaFlow.com

Direct download: CI_104_Ray_Sturm.mp3
Category:general -- posted at: 1:54pm EDT

The SEC has a whole lot of rules about fundraising for specific ventures, both about WHO you can pursue and HOW you can pursue them. Jason Hartman talks with Amy Wan, Esq, founder (& Chief Legal Hacker) at Bootstrap Legal, about ways to hack the SEC when raising funds.

Key Takeaways:

[2:41] The primitive nature of law and why it doesn't advance very much

[6:43] What the SEC actually cares about when you raise money for securities

"Raising money is an art and not a science"

[10:18] How the Jobs Act changed the investors you can target and how

[16:53] The price structure of Bootstrap Legal

[21:03] Raising money isn't just putting something up on a website and waiting for the money to flow in

Website:

www.BootstrapLegal.com

Direct download: CI_102_Amy_Wan.mp3
Category:general -- posted at: 1:04am EDT

Vinney Chopra came into the United States with $7 in his pockets, and a work ethic to take him far in life. From selling encyclopedias door to door for 80 hours a week to now buying $25+ million apartment complexes, Vinney hasn't let anything stand in his way.

Listen in as Vinney tells Jason Hartman the story of his immigration, and how his investment career has unfolded.

Key Takeaways:

[1:40] Vinney's immigration story

[4:31] Vinney first started earning his money by selling encyclopedias door to door

[8:18] The first home Vinney bought, and when he got into the rental property business

[11:53] Transitioning from single family homes to multifamily

[15:03] There are things you can do with multifamily investments that don't make sense for single family

[19:22] Portability has become the new norm for residents of apartments and single family homes

Website:

www.MultiFamilySyndicationAcademy.com

www.VinneyChopra.com

Direct download: CI_101_Vinney_Chopra.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman talks with Bob Sutton, author of The A**hole Survival Guide: How to Deal with People Who Treat You Like Dirt, about how to deal with people who are a consistently bear and you can't avoid completely.

Sutton studies organizational change, leadership, innovation, and workplace dynamics. He has published over 150 articles and chapters in peer-reviewed journals, management outlets such as Harvard Business Review and the McKinsey Quarterly, and news outlets including The New York Times, Financial Times, and Wall Street Journal. His books include Weird Ideas That Work, The Knowing-Doing Gap (with Jeffrey Pfeffer), and Hard Facts, Dangerous Half-Truths, and Total Nonsense (with Jeffrey Pfeffer).

Key Takeaways:

[1:33] The reaction Robert got from his first book on "jerks"

[5:20] Some people seem to enjoy being mean down to their core, what does Robert make of the idea that women are attracted to bad boys like that?

[8:51] The "rhythm method" of dealing with jerks

[12:20] How you can pick the right time to fight back against jerks

[16:27] We're all slow to notice our own weaknesses

Website:

www.BobSutton.net

www.Twitter.com/Work_Matters

Direct download: CI_100_Robert_Sutton.mp3
Category:general -- posted at: 9:00am EDT

Investment Counselor and Local Market Specialist Liaison, Carrie joins Jason Hartman to see if he can correctly predict the effect the rise in interest rates will have on the US economy. Jason reminds us the Feds don’t directly impact mortgage rates but by directly impacting short-term rates all rates will be affected. For those of you who have income properties, the higher interest rates will put upward pressure on rents. And if you are looking for additional properties, be sure to get pre-approved for financing before the Oklahoma Property Tour and JHU Live event.

Key Takeaways:

[03:53] What does the spike in interest rates mean for investors?

[10:07] Higher interest rates will put upward pressure on rents and lessen the concentration of wealth.

[14:17] Local Market Specialists and Investment Counselors are always working in the client’s best interest.

[23:41] It’s important to get pre-approved for financing in today’s seller’s market.

[25:10] Jason hints about the location for the next Venture Alliance Mastermind.

Website:

www.JasonHartman.com/Properties

Grant's Interest Rate Observer

www.VentureAllianceMastermind.com

"The Fed has weapons it can use to fix the economy and interest rates are one of those weapons."

Direct download: CI_99_Interest_Rates.mp3
Category:general -- posted at: 8:00am EDT

Jason welcomes client, Clay Slocum to the show. Clay is a millennial who currently has four properties in his real estate portfolio. Before buying his first property, Clay worked diligently with Oscar, his Investment Counselor, and a Local Market Specialist to play around with the numbers and he discovered his initial investment could grow exponentially. Clay shares his insights on the power of compounding interest, asset protection, and the Memphis market.

Key Takeaways:

[2:33] Compound interest can be a powerful tool against inflation.

[8:15] Engineers take an analytical approach to investing.

[10:25] After 18 years, $100,000 grow to 14 million.

[17:46] Jason explains a Deferred Sales Trust.

[21:42] If you are on the fence about investing talk with an investment counselor.

[32:36] Asset Protection is a complicated subject you should speak with a lawyer about.

[42:01] Resources for tax help.

Website:

www.JasonHartman.com/Properties

Meet the Masters of Income Property 2018

www.RealEstateTools.com

Compound Interest Calculator

"Opportunity cost is a cost most people don’t evaluate."

Direct download: CI_98_Clay_Slocum.mp3
Category:general -- posted at: 11:25am EDT

Tyler Sheff, host of The Cash Flow Guys Podcast, invited Jason Hartman on his show to discuss the different market types in the USA, and got some tips on remote managing as well. Jason explains that the stigma behind buying homes sight unseen, as well as self managing properties a thousand miles away, has abated some due to the wonders of technology.

Key Takeaways:

[2:12] What Jason learned when he owned properties in 11 states

[7:08] Whether Tampa is a linear, hybrid, or cyclical market

[11:34] Our brains relation to the number 3 and how it relates to Jason's diversification strategy

[16:13] Jason's experience of beginning to self manage his remote properties

[18:46] When tenants are connected directly rather than through a property manager they tend to take care of more things themselves

[23:48] The need for standardized data when evaluating properties

Website:

Meet the Masters 2018

www.RealEstateTools.com

www.CashFlowGuys.com

Direct download: CI_97_Tyler_Sheff.mp3
Category:general -- posted at: 9:49pm EDT

Jason Hartman welcomes Economist Mike Norman to the show to discuss Modern Monetary Theory, or MMT. Mike shares examples of common misconceptions people have of the US monetary system and economy, such as the US debt clock, that inflation equals growth, and how the tax system works. He believes that the US has an unlimited supply of capital and balancing the budget or functioning as a fixed monetary system would accomplish the opposite of what is needed to create growth.

Key Takeaways:

[1:10] Modern Monetary Theory (MMT) explains the value of money.

[4:09] A tax system is required to create demand for money.

[9:01] A fixed monetary system creates cycles of economic depressions and recessions.

[11:23] The US national debt is a summation of what is owned by the US and its constituents.

[18:55] A dollar must be created and pumped into the economy before it can be used to pay a tax debt.

[21:16] The US has an unlimited amount of new capital.

[26:43] There is a difference between inflation and growth.

Website:

Mike Norman on YouTube

Mike Norman Economics

Direct download: CI_93_Mike_Norman.mp3
Category:general -- posted at: 12:00pm EDT

The month of October brings the 2017 tax season to a close. Jason brings Fernando and Zack on the show to showcase the organizational tools and portfolio management options available through the newly upgraded Property Tracker 2.0.

The Property Tracker software makes creating Schedule E’s, depreciation schedules and other tax forms easy as well as a robust calendar which keeps track of all of your income properties important dates.

Key Takeaways:

[1:14] Fundamentals for organizing and tracking investment properties.

[8:30] Property Tracker produces tax schedules including Schedule E and an up-to-date Schedule of Depreciation.

[12:28] Property Tracker 2.0 has updated proformas with RV ratio evaluations.

[14:54] Clarifying the statement “Every day you have a property you own and don’t sell, you are buying it back from yourself.”

[19:35] Organizational tips for using Property Tracker.

[23:58] Scanning with Optical Character Recognition (OCR) makes you more efficient.

[31:08] Details about the new Amazon Echo contest, the Meet the Master’s event and the upcoming Venture Alliance Mastermind.

[34:50] Free one-hour Property Tracker onboarding session with Zack for Jason Hartman clients.

Website:

www.PropertyTracker.com

Direct download: CI_92_Property_Tracker.mp3
Category:general -- posted at: 9:50pm EDT

In 2016 Jason was joined by Harry Dent, from Dent Research, to discuss the tax benefits you can get from moving to a US territory like Puerto Rico, some cyclical markets that are out of control, demographic problems around the world, inflation, and foreign investors in US real estate.

Key Takeaways:

[1:20] Harry's new home in Puerto Rico, and the tax benefits he can receive

[5:18] Vancouver real estate is out of control

[10:31] Japan's biggest problem is a demographic problem

[14:21] Previously Harry had predicted a drop in gold which hasn't happened, does he still believe it's going to go down or was he wrong?

[19:01] In a deflationary environment the only chance you have to make money is in yield, which can be found in linear markets with cash flowing properties

[24:22] Most foreign real estate investors are legally laundering their money out of their country

Website:

www.HarryDent.com

www.DentResearch.com

Direct download: CI_91_Harry_Dent.mp3
Category:general -- posted at: 8:21am EDT

Elisabeth and Jason finally get back together to talk about what's going on in the world of real estate and inflation right now. They discuss some linear, hybrid, and cyclical markets, as well as the influence of foreign investors in the US real estate landscape.

Key Takeaways:

[1:25] What Jason learned on his 7 week vacation/trip to Europe

[5:27] The patterns of countries like Japan and the importance of demographics

[9:52] Whether "this time it's different" is at all applicable in this cycle, or if it's just wishful thinking before a bubble bursts

[14:01] Donald Trump is loosening the flood gates of money, and how it will effect real estate investing

[19:39] The impact that foreign investment has on US markets

[26:25] A lot of the invisible inflation can be seen is by the rise of self-service

[31:38] We've got to stop viewing minimum wage jobs as careers

Website:

www.JasonHartman.com/Events

www.WomenInvestingNetwork.com

Direct download: CI_93_Elisabeth_Embry.mp3
Category:general -- posted at: 8:21am EDT

Our movements and habits are being tracks more and more with each passing year, and even sometimes days. All of that data can come in quite handy when you're looking to buy commercial real estate. Where are your customers coming from? Where are they going? How long do they spend in your location? This knowledge can be crucial when you're considering purchasing a property.

Donna Salvatore is CEO and Founder of Megalytics, a company designed to take big data and decipher it for real estate investors, both big and small. Donna has worked with SaaS and IT companies for the past 22 years, and previously provided venture equity and debt financing for a decade.

Key Takeaways:

[2:28] Some areas of big data that commercial real estate investors that Megalytics can track

[6:14] Has the retail apocalypse peaked yet?

[10:18] What is the social media score and property management score that Megalytics provides?

[15:29] The explosion in available data and what it looks like going forward

[19:11] Big data isn't just for big commercial real estate investors, landlords of single family homes can use it as well

Website:

www.Megalytics.net

Direct download: CI_92_Donna_Salvatore.mp3
Category:general -- posted at: 12:00pm EDT

Jason welcomes Patrick Donohoe of The Wealth Standard Podcast to discuss the dirty details of pensions, insurance policies and Ponzi schemes. Jason describes the difficulties and common mistakes average retail investors make when investing in financial services. And, Pat gives a comprehensive overview of how to make the most of your existing policies in order to invest your money in the most historically-proven asset class, income property.

Key Takeaways:

[1:25] Is the US a giant Ponzi scheme?

[4:31] Understanding the difference between pension benefit plans and contribution plans is essential.

[14:15] The financial service industry preys on retail investors.

[19:49] Harry Markopolos is waiting to capitalize on a market correction.

[26:09] Analyzing the patterns and mistakes of the middle-class investor.

[34:27] The Wealth Standard Podcast focuses on helping individuals understand the comprehensive nature of the economy.

[36:49] Pat explains how policyholders can reduce their risk and get investment money for cash-flow properties.

Website:

Be Your Bank

The Wealth Standard Podcast

The Wizard of Lies

Venture Alliance Mastermind

Direct download: CI_91_Patrick_Donohoe.mp3
Category:general -- posted at: 2:55pm EDT

Technology can make cheating not feel like cheating but technology itself is morally neutral.

Bruce Weinstein Ph.D. is the President and CEO of The Ethics Guy. He is a contributor to Bloomberg Businessweek Management blog and Fortune Magazine’s Leadership Channel online. He became enamored with Plato’s Republic, especially Plato’s allegory of the cave which led him down the path of philosophy. Today, Bruce helps people determine which qualities they should develop for their careers, companies to test the character of possible employees and employees to align their goals with their company’s mission statement and core values. He is the author of several books including Ethical Intelligence: 5 Principles for Untangling Your Toughest Problems at Work and Beyond and The Good Ones: 10 Crucial Qualities of High Character Employees.

Key Takeaways:

[2:19] Bruce was blown away by how dramatic and entertaining philosophy was when reading Plato’s Republic that he decided to make his career in it.

[6:15] Bruce’s opinion about the business world and whether it is it more or less ethical than 20 or 30 years ago?

[10:36] What are the are two approaches to doing ethics in a person’s life?

[15:55] A CEO told 60 minutes last year, businesses hire for competence but fire for character.

[17:55] Bruce’s new book, Ethical Intelligence includes tips for evaluating a person’s character: during an interview.

[23:54] Do large companies value ethics beyond the legal requirements?

[26:12] Successfully multi-tasking at more than one thing at a time is a technology driven myth.

[33:44] Send Bruce Weinstein an email describing what you believe to be the most important quality of an employee is will receive a free audio book.

Website:

www.TheEthicsGuy.com

Ethical Intelligence: Five Principles for Untangling Your Toughest Problems at Work and Beyond

Direct download: CI_90_Bruce_Weinstein.mp3
Category:general -- posted at: 12:00pm EDT

Bubbles are just a fact of investing. At some time or other, every asset class has been in a bubble. Whether it's the dot-com bubble of the 90s or the housing bubble in the 2000s, booms and busts are commonplace at this point. When they happen you have to make sure you're diversified and prepared for the downturn.

But what happens if it's not just one asset class? What if the bubble is...everything?

Mish Shedlock, economist and investment advisor at SitkaPacific Capital Management, talks with Jason about just this phenomenon, and provides some thoughts on ways you can protect yourself in the middle of this everything bubble.

Key Takeaways:

[3:07] Mish's Rule of Progress

[10:23] The Shiller P/E Ratio Chart and what it says about the market today

[12:08] The Buffett Indicator

[16:03] The Mish Shedlock investing thoughts for right now

[19:41] How asset inflation is leaving investors behind

[24:07] Some real estate price examples on the East coast that show the dangerous bubble we're probably in, and how policies are set up to aid the rich in their wealth creation

Website:

www.MishTalk.com

www.MishMoments.com

Direct download: CI_89_Mish_Shedlock.mp3
Category:general -- posted at: 4:18pm EDT

Jason and Richard Duncan continue discussing what Richard thinks will happen if the government stops supporting the global bubble, how the government can get back in the black on the spreadsheets, and why today is unique in terms of economic history.

Richard Duncan is Chief Economist at Black Horse Asset Management, the author of The New Depression: The Breakdown of the Paper Money Economy and The Dollar Crisis: Causes, Consequences, Cures. His Macro Watch video series can help individuals to clearly understand how the financial system really works. Mr. Duncan previously held the position of economist for the World Bank and the International Monetary Fund.

Key Takeaways:

[1:00] The rules completely changed when we ditched the gold standard and went to a paper money economy

[10:35] The winners in our new, global economy

[13:16] How governmental policy is driving the global bubble

[16:15] Never in human history have we seen what happens when the economy becomes global and money is printed in this abundance

[21:33] How we can pull our nation out of debt

Website:

www.Blackhorse.com.sg

The New Depression: The Breakdown of the Paper Money Economy

The Dollar Crisis: Causes, Consequences, Cures

Direct download: CI_88_Richard_Duncan.mp3
Category:general -- posted at: 12:00pm EDT

This week’s episode is an enlightening economic conversation you don’t want to miss. Jason welcomes Richard Duncan back to the show for the first of a two-part conversation about what is driving the economy and which mistakes could catapult the US into a recession.

Richard Duncan is Chief Economist at Black Horse Asset Management, the author of The New Depression: The Breakdown of the Paper Money Economy and The Dollar Crisis: Causes, Consequences, Cures. His Macro Watch video series can help individuals to clearly understand how the financial system really works. Mr. Duncan previously held the position of economist for the World Bank and the International Monetary Fund.

Key Takeaways:

[1:11] Richard Duncan has a unique, insider’s view of world economics and FIAT money.

[6:16] In the US, when credit grows less than 2% the US goes into recession.

[11:27] Creditism is the new Capitalism.

[13:47] Looking back at the policies which saved the world economy in 2008.

[19:45] It’s a very sensitive moment in the economy as the Fed is considering reversing quantitative easing.

[23:37] Globalization has changed the way the economic game is played.

Website:

www.Blackhorse.com.sg

The New Depression: The Breakdown of the Paper Money Economy

The Dollar Crisis: Causes, Consequences, Cures

Direct download: CI_87_Richard_Duncan.mp3
Category:general -- posted at: 10:47pm EDT

Bubbles abound in the world of investing, and today is no different. Jason welcomes Harry Dent, author of The Sale of a Lifetime, about what's going on today in the stock market, real estate market, political world, and worldwide economic statuses. Harry points out what nation in Europe that reminds him of Japan before their massive downturn, and gives Jason a rundown of what to look for BEFORE you see a bubble burst.

The two look at what you might actually want to be investing in when the bubble bursts.

Key Takeaways:

[4:47] The massive bubble that is Chinese real estate

[12:51] Why Harry studies 80-250 year cycles when the world is rapidly changing today

[15:36] Examining the Trump rally

[24:07] Why Jason hates the Case Shiller Index

[28:19] The phases of a housing crash

Website:

www.HarryDent.com

Direct download: CI_86_Harry_Dent.mp3
Category:general -- posted at: 4:11pm EDT

Jason Hartman welcomes William Cohan, New York Times columnist, special correspondent for Vanity Fair, former contributor to Bloomberg View, and author books such as Why Wall Street Matters, The Last Tycoons, and House of Cards.

William tells Jason his views on the Trump administration, why Donald has had a hard time draining the swamp and who really is to thank for the low unemployment rate and the steady economy.

Key Takeaways:

[1:13] The Trump administration, leverage and cleaning out the gears of the machine that is the US economy.

[7:24] A grand bargain with Wall Street would mean revamping much of its incentive system.

[13:40] Draining the swamp is harder to do than it looks.

[13:23] What we should expect out of the economy and employment.

Website:

www.WilliamCohan.com

Direct download: CI_85_William_Cohan.mp3
Category:general -- posted at: 1:02am EDT

Bob Miller might have started his career as a police officer, but he didn't stop there. He worked his way up to become the longest serving governor in Nevada history, with a mindset of encouraging economic development through environmentally friendly tourism, specifically Las Vegas.

But Vegas wasn't always in Bob's future. Bob's dad was a gaming pioneer, and he steered Bob away from the Vegas experience and pointed him in the direction of legal advocacy. After he graduated from law school and worked his way up to the governorship, Bob used his legal background to help Nevada transition Vegas into the powerhouse of entertainment that it is today.

Jason Hartman and Bob talk about Bob's new book Son of a Gambling Man, and what Vegas was, what it is, and how the law impacted Bob's entire life.

Key Takeaways:

[6:05] Where Bob sees Las Vegas, and the state of Nevada, headed

[11:02] When Vegas changed from a place with cheap food/transportation/hotel rooms to get you to come in and gamble, to a place where it's expensive and has booming business outside of gambling

[16:03] Bob's experience as a lawyer

Website:

www.RJMillerConsulting.com

Direct download: CI_84_Robert_Miller.mp3
Category:general -- posted at: 10:29pm EDT

It might look like a children's book, but Goodnight Obama is more than just that. It's an important reminder that parody is critical in this day and age.

Dr Jerome Corsi is author of Goodnight Obama, and is also head of the Washington, DC News Bureau for Alex Jones and Infowars.com. The two discuss his newest book, as well as what Jerome is expecting out of President Trump, and where we are in the business cycle.

Key Takeaways:

[1:10] Why Jerome wrote Goodnight Obama

[6:41] Are Trump voters going to be pleasantly surprised when they realize what he's doing in office?

[17:30] Trump's version of "infrastructure spending" isn't the usual stuff that liberals think

[21:46] According to the idea of business cycles we're due for a recession. Is it going to hit Trump, will he avoid it, or is the idea of a business cycle outdated?

[24:23] The return of the USA to a carbon based economy

Websites:

www.WND.com

@Jerome_Corsi

www.GoodnightObama.com

Direct download: CI_83_Jerome_Corsi.mp3
Category:general -- posted at: 8:30am EDT

The housing market is always on a pendulum, but where are we now? Self driving cars are going to be changing the dynamics of our society, but are they going to push more people into the city or have more people moving to the suburbs? Jason Hartman and Matt Slepin, President of Terra Search Partners, discuss what is going on in real estate today, and how our changing environment is impacting real estate in the future.

Key Takeaways:

[2:51] Where Matt thinks we are in the business cycle, and whether we've overbuilt apartments

[7:04] The issues going on in the retail and office investment markets, and why apartment investing makes more sense these days

[11:28] The rise of the autonomous vehicles and how they will change the real estate demand equation

[15:44] What does Urban Land Institute do and what issues are being discussed?

[19:37] What Matt has learned in his real estate podcast

[23:06] Two conflicting trends in property management

Website:

www.TerraSearchPartners.com

Direct download: CI_81_Matt_Slepin.mp3
Category:general -- posted at: 10:37pm EDT

The Platinum Rule is ready to take the place of the Golden Rule. Don't do unto others as you would have them do unto you, do unto others as they're like done unto them. The rule is key for Dr Tony Alessandra in his quest to help companies turn prospects into promoters. Tony was inducted into the NSA Speakers Hall of Fame in 1985, was selected as one of Speaker.com's Top 5 Sales/Marketing/Customer Service Speakers from 2010-2014.

Tony and Jason Hartman break down how companies can use the Platinum Rule to better their business, and turn your clients into happy marketers who will help you out-market, out-sell, and out-service the competition.

Websites:

www.Alessandra.com

The Platinum Rule Book

www.AssessmentBusinessCenter.com

www.PlatinumRule.com

Direct download: CI_80_Tony_Alessandra.mp3
Category:general -- posted at: 11:10pm EDT

There are new rules in town, as Fannie Mae recently announced. So Jason Hartman called in his lender, Joe, to get a rundown of what exactly has changed. Investors can put 20% down on the first 10 properties purchased, but there are caveats. Once you own the property, however, you have options.

Key Takeaways:

[1:45] Fannie Mae allows borrowers to put 20% down or the first 10 properties.

[3:58] Interest rates are rising so lock the rate on your property rate now.

[8:52] 85-90 days in the maximum time to lock in a rate.

[10:23] Joe explains loan level price adjustments to rate.

[12:37] The Trump administration may replace the head of the Consumer Financial Protection Bureau.

[17:30] The ease or difficulty of qualifying for a loan.

Direct download: CI_79_New_Financing.mp3
Category:general -- posted at: 9:00am EDT

Single-family homes sales rose in January, bringing income property inventory low. During a recent semiar, Jason shared why investing in a single family home as income property is the only logical investment during an inflationary period. And, if the signs are correct, the Trump administration is going to take the U.S/ economy into an inflationary period.

Key Takeaways:

[0:44] Inflation induced debt destruction by way of a mortgage.

[2:51] Jason explains how the government manipulates inflation numbers through hedonic adjustment.

[10:19] The ultimate investing equation.

[17:38] Anything that does not produce income is not an investment.

[19:29] Cash and bonds are destroyed by inflation.

[21:31] The IRS does not account for inflation.

[24:45] During deflationary periods people default on their loans.

[27:08] If you have a corporate job you are paying more taxes than the self-employed.

Direct download: CI_78_Asset_Matrix.mp3
Category:general -- posted at: 8:00pm EDT

Frances Donald, Senior Economist at Manulife Asset Management and Chief Economist at John Hancock Financial Services is today's guest. Jason Hartman and Frances discuss consumer, investor, and executive sentiment numbers in the home and job market. While we don't know exactly why the economic is experiencing such a resurgence, Frances does attribute at least some of it to the potential policy changes Trump is looking to bring.

Frances and Jason also discuss pent up real estate demand, and how student loan debt is impacting that.

Key Takeaways:

[1:12] Investor sentiment gives a positive outlook for the US economy

[3:54] Is Trump the cause of the economic forecast?

[5:11] Rising interest rates present a challenge for the housing market

[8:12] Trump is inspiring confidence in companies all across the country

[9:53] Real estate investment is a small part of the total economy

[14:30] There are two true drivers of rental housing

[17:02] The housing and rental markets are not currently in their natural order

[20:41] The importance of demographics in relation to wage growth

Websites:

www.JohnHancock.com

@FrancesDonald

There are fewer multipliers to growth from a rental market than there are from a housing market.

Direct download: CI_77_Frances_Donald.mp3
Category:general -- posted at: 12:00pm EDT

Jason Hartman talks with the founder of Rentec Direct, Nathan Miller, as the two seek to help investors self manage their properties with tools such as Rentec Direct. Rentec offers complete solutions including inventory, property management tools, and now exclusive financing with terms you will appreciate. Nathan says Rentec Direct is designed for investors with 2-20 income properties. Tenant screening, automated payments and a property manager access option makes the tool accessible and easy to use.

Key Takeaways:

[1:52] Rentec Direct’s average client is an investor with 2-20 properties.

[3:51] The Rentec tool is designed to make a landlord’s life easier.

[9:01] Tenant screening is via Trans-Union.

[13:58] Rentec PM has the option to open an owner/investors portal and is 20% more.

[18:27] What differentiates Rentec Direct from their competition?

[24:02] Live chat support is available within the program.

Website:

www.RentecDirect.com

www.Cozy.co

“The most important part of renting a home is picking the right tenant.”

Direct download: CI_76_Nathan_Miller.mp3
Category:general -- posted at: 8:00am EDT

Jason Hartman talks with Robert W Wood, Managing Partner of Wood LLP, about some of the ways business owners might be putting themselves at risk when dealing with employees. Robert is a corporate and individual tax attorney who has seen many businesses and people unknowingly commit tax crimes that come back to haunt them. He gives some advice on avoiding some of the more common issues he's seen.

Robert has been ranked by United States Lawyer Rankings as one of the top 6 tax attorneys in the nation.

Key Takeaways:

[1:23] Are offshore accounts a no go nowadays?

[3:45] Inadvertent ways people are breaking tax laws

[4:46] Nearly all IRS criminal cases get started the same way

[7:44] What should you do if the IRS Criminal Division knocks at your door?

[10:09] How lawsuit settlements are handled under tax codes

[12:00] Important tax things to keep in mind when you hire a freelancer

[17:44] Having freelancers and full time employees doing the same job can put you on dicey legal ground

Website:

www.WoodLLP.com

Direct download: CI_75_Robert_Wood.mp3
Category:general -- posted at: 8:00am EDT

Jason Hartman talks with Nick Sargen, author of Global Shocks: An Investment Guide for Turbulent Markets, about how our economy might be changed with Donald Trump taking over in the White House. Nick is Senior VP and Chief Economist at Fort Washington Investment Advisors. Before that he worked at Morgan Guaranty trust, the Federal Reserve Bank of San Francisco, and the US Department of Treasury.

Key Takeaways:

[1:10] Trump's pro-business stance could change the US economic situation

[4:42] Will more spending mean higher interest rates?

[6:50] There are legitimate concerns about how President Trump will handle the issue of trade

[9:36] Inflation doesn't necessary follow budget deficits

[12:13] Donald Trump, our first real estate president, who will be pro-growth

[15:05] Why Trump's policies have been good for the market

[17:55] A guide to Nick's book, Global Shocks: An Investment Guide to Turbulent Markets

[20:29] How to invest in order to take advangtage of a bubble.

[24:13] The technology sectors role in the current stock market

Websites:

Fort Washington Investment Advisors

Global Shocks: An Investment Guide for Turbulent Markets

Direct download: CI_74_Nick_Sargen.mp3
Category:general -- posted at: 8:45am EDT

Jason Hartman talks with FLAG (Foundation for Liberty and American Greatness) founder and Executive Director, Nick Adams. Nick wrote the book The American Boomerang: How the World’s Greatest Turnaround Nation Will Do It Again, which has turned into a best seller. Jason and Nick look at what America needs to do to return to greatness, and whether President Trump could be the man who makes that happen.

Key Takeaways:

[2:11] What would need to happen to create a true American renaissance?

[4:01] Nick read The Art of the Deal at 11 and now proudly supports Trump

[8:00] The Tall Poppy Syndrome does not apply in the US.

[12:32] The 4 areas that America is considered exceptional

[15:51] The only way to really grow the economy is an increase in consumer confidence

[16:50] The keystones of an American economic boomerang

[20:38] What do the next 4 years of President Trump hold?

Website:

www.flagusa.org

Direct download: CI_73_Nick_Adams.mp3
Category:general -- posted at: 10:07pm EDT

Jason Hartman talks with Daren Blomquist, Senior VP at ATTOM Data Solutions and the Executive Editor of ATTOM’s award-winning Housing News Report. They examine how our new President, Donald Trump, could influence real estate investing, how the economy might react, and what regulatory environment we'll be investing in.

Key Takeaways:

[1:43] A Trump presidency's impact on real estate investors and our economy

[5:55] Lack of wage growth has caused affordability issues

[8:46] Housing bubbles tend to be created by lower interest rates

[11:33] Housing prices continue escalating while home ownership has dropped to a 50 year low

[15:43] What impact would repealing Dodd-Frank have?

[19:11] ATTOM’s Housing News Report article explains the phenomenon of big banks running away from the mortgage business

[20:16] October 2016 saw a continued increase in foreclosure activity

[24:29] The promised $1 trillion infrastructure investment will help real estate investors.

[25:36] Get the Housing News Report free for a year by emailing marketing@attomdata.com and mention "Creating Wealth"

Websites:

http://www.realtytrac.com
http://www.realtytrac.com/news/tag/marketing-list
http://www.attomdata.com

Direct download: CI_72_Daren_Blomquist.mp3
Category:general -- posted at: 9:00am EDT

Jason Hartman talks with James D. Kuhn, President of New York City’s Newmark Grubb Knight Frank commercial real estate advisory firm, to discuss the changes they are expecting to see in the real estate investing landscape under President Trump.

Key Takeaways:

[2:03] President Trump has the ability to make a serious impact on real estate investing

[6:12] Trump's trade policies will create clear winners and losers

[11:19] Education is the clear separator between the middle and lower class job growth

[14:14] Online college should be accessible to all and cheap

[16:14] Finding value as a real estate investor is getting harder

[19:00] When will the Fed make their interest rate move?

[20:42] Real estate is the last great investment opportunity

[23:09] Remember your commandments, thou shall not gamble in real estate investing

Websites:

www.ngkf.com

Direct download: CI_71_James_Kuhn.mp3
Category:general -- posted at: 9:00am EDT

Jason Hartman talks with Julie Benezet, Founder and Managing Principal of Business Growth Consultants and former Director of Global Real Estate at Amazon.com. Julie gives Jason a peek into Amazon's business philosophy and build out plans. She also explains why it can be profitable to understand the motives behind Amazon's movements. Julie is author of the new book The Journey of Not Knowing: How 21st Century Leaders Can Chart a Course Where There is None.

Key Takeaways:

[1:41] Julie details her business planning efforts at Amazon.com.

[6:35] Amazon’s ‘Get Big Fast’ mantra required employees who knew the rules of distribution.

[9:20] How Amazon chose locations for their fulfillment centers.

[12:57] Unpacking Julie’s book to understand the 4 steps required to do business in the 21st century.

[19:39] Julie reviews the 4 steps.

[20:36] Germany was the location of Julie’s defining moment as a leader.

[27:15] Pay attention to your customers!

Website:

Foundation for Economic Education

Business Growth Consulting

The Journey of Not Knowing: How 21st Century Leaders Can Chart a Course Where There is None

Direct download: CI_70_Julie_Benezet.mp3
Category:general -- posted at: 9:00am EDT

Dr. Robert Johnson is the President and CEO of American College. He's written Invest with the Fed: Maximizing Your Portfolio Performance by Following Federal Reserve Policy, Strategic Value Investing and the study What to Expect When You’re Electing. Jason Hartman talks with Dr Johnson about thinking long term while investing in the stock market, how the stock market performs when one party holds the Congress and Presidency, and how interest rate fluctuations impact different asset classes.

Key Takeaways:

[3:08] Huge reforms are on the way with the Republican party controlling two branches of the government

[6:34] Invest with the Fed looked at how interest rates impacted asset/equity class performance

[9:22] Stock market growth is higher under Democratic presidents and/or when there's political harmony

[12:00] Long-term perspectives highlight that the economy and the stock market move together.

[14:40] The best strategy for your portfolio

[16:19] How equity REITs perform when interest rates rise

[18:14] Will the cost of small business financing go up under a Trump administration?

[21:00] Is now the time to be a contrarian?

Website:

www.theamericancollege.edu

Direct download: CI_69_Robert_Johnson.mp3
Category:general -- posted at: 9:00am EDT

Jason Hartman talks with Ed Conard, economist, and founding partner of Bain Capital, alongside Mitt Romney. Jason and Ed talk about his New York Times Bestselling book Unintended Consequences: Why Everything You’ve Been Told About the Economy is Wrong, along with his soon to be released book, The Upside of Inequality: How Good Intentions Undermine the Middle Class. The two discuss CEO pay, the technology sector, and why regulations tend to hurt companies trying to get started.

Key Takeaways:

[1:28] Ed discusses his time at Bain Capital with Mitt Romney, when they experienced enormous growth.

[3:30] Bain Capital gave clients the opportunity to invest in capital investment and management supervision related opportunities.

[5:07] Bain Capital also provided a higher risk strategy, so they could capitalize on investment opportunities of undervalued assets.

[7:21] The Upside of Inequality tackles the productivity of the American worker

[12:18] The US economy is picking up, and Fortune 400 companies continue to turn over, suggesting companies aren't just negotiating for a bigger piece of the pie

[14:47] People may find it hard to believe, but CEO pay may not be as ludicrous as it appears

[19:36] Compared to other sectors of the economy, tech companies pay less taxes and have much looser regulation

[21:22] Tech sector profitability has been amazing

[22:23] The economy is squeezing the profitability out of most other sectors.

[24:45] The way to grow in today's economic landscape is to have trained talent and the willingness to take a risk

Website:

http://www.edwardconard.com
https://twitter.com/edwardconard

Direct download: CI_68_Ed_Conard.mp3
Category:general -- posted at: 2:54pm EDT

Jason Hartman interviews Andrew Wright, CEO and Managing Partner at the commercial real estate firm Franklin Street. Andrew has guided Franklin Street to several awards, including Best Places to Work by the Tampa Bay Times and the Tampa Bay Business Journal.

With a personal involvement in more than $1 billion in real estate and finance transactions, Andrew is also well versed in distressed real estate, having resolved more than $800 million in debt since 2009.

Jason and Andrew discuss the current status of the US real estate market, particularly the multi-family and mixed use sectors.

Key Takeaways:

[1:35] How Trump could impact real estate markets

[4:59] The impact the internet has had on retail centers

[8:31] The changing demand for the warehouse and delivery industries because of the internet

[12:54] Andrew's take on where we currently are on the supply/demand curve

[17:03] Andrew goes market by market and gives the current cap rates he's seeing

[19:08] What types of investments Andrew is excited about today

Website:

www.franklinst.com

Direct download: CI_67_Andrew_Wright.mp3
Category:general -- posted at: 8:46pm EDT

Jason Hartman talks with Dr Buck Joffrey, a surgeon, entrepreneur, blogger, and real estate investor. Buck has a podcast and a company called Wealth Formula that's designed to help professionals such as doctors and dentists invest their money wisely. He and Jason discuss investing in commercial assets, why professionals might make bad investing decisions, and alternative investments you probably haven't thought of yet.

Key Takeaways:

[1:55] Why Buck thinks doctors might be bad investors

[6:57] Buck's investing beliefs

[9:50] Buck loves real estate, but single family houses aren't his thing

[14:35] Buck's role in putting together his commercial deals

[17:30] Why the deals aren't as good as they used to be

[20:10] The massive hotel deal Buck is involved in Belize, and why he's investing in things like oil and gas drilling

[24:20] Investing in life settlements

Website:

www.wealthformula.com
Wealth Formula Podcast

Direct download: CI_66_Buck_Joffrey.mp3
Category:general -- posted at: 1:20am EDT

Jason Hartman talks with Sandra Navidi, author of the new book Superhubs: How the Financial Elite and their Networks Rule Our World.

Sandra is the founder and CEO of BeyondGlobal, and was formerly an investment banker at Scarsdale Equities, general counsel at Muzinich & Co. and a consultant at Deloitte. Navidi holds a law degree from the University of Cologne School of Law, Germany, and a Master-of-Law Degree in Banking Corporate and Finance law from Fordham University School of Law, USA.

Navidi’s perspective derives from her professional knowledge and experience. Her strategy of “from micro to macro” involves structuring investments, rendering legal services, investment banking, as well as macro-economic analysis.

Key Takeaways:

[1:40] Why Sandra is interested in financial superhubs

[5:55] The dynamics of superhubs are the same as all networks, but vastly more powerful

[9:12] How superhubs actions impact our lives

[14:03] If access to superhubs is possible for a "regular" person

[18:02] How many superhubs are out there

[21:10] How it's possible that some of the biggest figures in the financial world have relatively low net worths

[27:21] If we don't correct our system, it will correct itself, and it might not be pretty

Website:

www.beyond-global.com
www.twitter.com/sandranavidi

Direct download: CI_65_Sandra_Navidi.mp3
Category:general -- posted at: 12:00pm EDT

Jason Hartman and Bob Pozen discuss possible changes in real estate regulations a Trump administration could bring. These changes could help small to medium sized banks and make the biggest banks out there increase the amount they lend.

Bob Pozen is a Senior Lecturer at MIT’s Sloan School of Management, a Senior Research Fellow at the Brookings Institute and former Associate General Counsel for the SEC. Bob has authored two books: Extreme Productivity and Too Big to Save.

Key Takeaways:

[2:11] Legislation that may be changed through banking system while Dodd-Frank is left as is.

[5:50] There has been too much regulation on small to medium sized banks.

[7:33] The problems are Fannie Mae and Freddie Mac are they were never public nor private.

[11:13] The FHA and VA insure 100% of the mortgages made by banks.

[11:55] More money flowing into the real estate market will cause an upward pressure on prices.

[14:46] Home buying increases when rates start to go up but then level out.

[15:28] Pozen was chosen by President Bush to join a bipartisan commission to strengthen Social Security.

[17:00] Security and Exchange Commission has constraints regarding employees working for corporations after their service.

[19:22] Getting to the gist of Bob Pozen’s book Too Big to Fix.

[21:59] Peer-to-Peer lending is pretty much unregulated.

[23:38] As the economy strengthens banks should lend more.

Websites:

www.bobpozen.com

Direct download: CI_64_Bob_Pozen.mp3
Category:general -- posted at: 4:29pm EDT

Jason Hartman talks with Dr. Nima Sanandaji, president of the ECEPR. Dr. Sanandaji has written more than a hundred policy papers, and is a Research Fellow at the Center for Policy Studies. He's also co-founder of the Stockholm-based think tank Captus. Nima is the author of the new book: Debunking Utopia, Exposing the Myth of Nordic Socialism.

Key Takeaways:

[2:00] Why the left might want to rethink pointing to the Nordic countries as examples of socialism

[7:50] How the free market reaching Nordic countries in the 19th century changed them, and when that shifted toward the welfare state

[11:30] Who has it better: Nordic people or Nordic Americans?

[15:10] The importance of Nordic countries achieving what they did BEFORE becoming welfare states

[20:20] Why Nima targets the demographic he does

[23:15] Who the welfare state expansion really hurt

Website:

www.ecepr.org
www.nordicparadox.se

Direct download: CI_62_Nima_Sanandaji.mp3
Category:general -- posted at: 5:32pm EDT

Jason Hartman talks with Arthur Margon, partner at Rosen Consulting, about Chinese investments in the United States, the state of real estate in the USA and more in this episode. Arthur recently co-authored a report with the Asia Society on the topic of Chinese Investment in U.S. Real Estate

Arthur is in charge of Rosen Consulting's New York office and has more than 20 years experience in real estate consulting and market analysis. He has developed securitization models, restructured bank loan portfolios, and served as an independent fiduciary in a major pension fund reorganization.

Key Takeaways:

[1:20] What's happening with Chinese investors in USA real estate at the moment

[4:30] Whether the Chinese government wants to discourage investment abroad or not

[9:20] How bad the slowdown in China actually is

[12:50] How China's crackdown on corruption, and the change to a consumer economy has impacted both China and the rest of the world

[16:50] What the next 10 years look like for China as they try and do a number of things economically which no government has been able to pull off

[21:30] Why a war with China makes no sense for anyone, and what sort of thing would actually spark an incident

[24:10] Arthur's real estate forecast for the USA

Website:

www.rosenconsulting.com
Free Asia Society Report: Breaking Ground - Chinese Investment in US Real Estate

Direct download: Commercial_Investing_61_Arthur_Margon.mp3
Category:general -- posted at: 11:02pm EDT

Mark Jaffe, a former senior executive at The Walt Disney Company, spent many years creating happy moments. At a young age he realized that his happiest life was not something out of reach. He studied, observed, cultivated, and ultimately enjoyed an enduring happyness through a singular focus on identifying what worked and what didn’t.

Along the way, he had a life journey, perhaps like yours, that included career successes and career failures. A marriage that succeeded until it didn’t. Two fabulous kids. A dog. And the learned ability to be very happy, which has kept him happy now, consistently, for over 40 years.

Key Takeaways:

[2:10] What led Mark to write Suitecase of Happyness

[5:40] Overcoming the barriers that we create for ourselves, and the barrier the pursuit of success can create

[8:55] The importance of balance and perspective

[12:45] The word that stops us from having some of the best times of our lives

[14:35] The power of passion

[17:35] Why Mark spelled it "happyness"

Website:

http://www.suitcaseofhappyness.com/
http://twitter.com/markjaffe
http://instagram.com/markjaffe1

Direct download: CI_60_Mark_Jaffe.mp3
Category:general -- posted at: 3:06pm EDT

Kenneth D. Campbell created and edited an influential investment newsletter for twenty years; co-wrote The Real Estate Trusts: America’s Newest Billionaires, first full-length book on REITs; and co-founded a global firm managing $22 billion in assets. He is also the author of the new book Watch that Rat Hole: And Witness the REIT Revolution

Key Takeaways:

[2:26] The history of REITs

[7:16] The market of REITs

[10:55] What type of REITs Kenneth prefers

[14:50] A rundown of Kenneth's interactions with billionaires such as Sam Zell, Warren Buffett and more

[18:55] The outlook on the regulatory impact on REITs

[20:45] The impact Brexit will have on the real estate market

Website Mentioned:

www.watchthatrathole.com

Direct download: CI_59_Kenneth_Campbell.mp3
Category:general -- posted at: 8:00am EDT

Christian Stadler is a Professor of Strategic Management at the Warwick School of Business, strategy contributor to Forbes magazine and is author of the book Enduring Success: What We Can Learn from the History of Outstanding Corporations. He offers his thoughts and insights about the perception vs. reality of Brexit, immigration and Jason’s second favorite subject, the self-driving car.

Key Takeaways:

[3:00] Economists agree that Brexit is not a good economic idea, here’s why.

[7:04] It could also be more difficult more difficult to battle terrorism with open borders.

[16:27] Current political positions are considerably right compared to the former government.

[17:56] Immigration is still considered a good thing for the country who accepts the immigrants.

[23:51] Poor immigrants can understand markets and create products that others don’t.

[25:04] Talking points of the possible benefits of the self-driving car.

[30:19] Contact information for Christian Stadler.

Mentioned in This Episode:

http://www.christianstadler.org

Direct download: CI_58_Christian_Stadler.mp3
Category:general -- posted at: 4:51pm EDT

Rod Khleif is a passionate real estate investor who has personally owned and managed over 2000 apartments and homes. As an accomplished entrepreneur, Rod has built several successful multi-million dollar businesses. Khleif has combined his passion for real estate investing with his personal philosophy of goal setting, envisioning, and manifesting success to become one of America’s top real estate investment professionals.

As Director of Investments at REM Real Estate and Management, Khleif uses his expertise to guide the firm in identifying and acquiring undervalued apartment complexes and mobile home parks. Khleif specializes in implementing efficient management and communication to ensure profitability.

Giving back to the community is a major passion for Khleif. He is founder and long-serving president of the Tiny Hands Foundation, a children’s charitable foundation that leads several annual community charitable initiatives including: Back-to-School Backpack Brigade; provides thousands of new Backpacks filled with school supplies to community school children in need. Teddy Bear Brigade; provides thousands of Teddy Bears for community police department patrol cars to be given out by police officers to comfort children in distress. Holiday Basket Brigade; provides thousands of Holiday Gift Baskets filled with food and Christmas toys to community children and families in need.

Key Takeaways:

[3:11] The origins of Rod's real estate investing and lessons learned in 2008

[7:44] The possibility of a contraction coming in the real estate market

[10:54] The kinds of investors who will get clobbered in a contraction

[13:05] The struggles of owning a whole lot of single family houses

[16:20] What size apartment complex you need to get for on-site management to be plausible

[17:40] The class of apartments Rod is looking at and what cities he likes

[19:45] Finding a good multifamily deal (and a tip from Rod about how to go a step farther than everyone else and find a seller that other people won't)

[22:55] Rod's advice for a brand new investor with a long term hold strategy

Website Mentioned:

www.lifetimecashflowpodcast.com

Direct download: CI_57_Rod_Khleif.mp3
Category:general -- posted at: 9:00am EDT

Kenneth Brown has been a real estate broker for the past 25 years and his team has bought and sold over $1 Billion Dollar in Commercial Real Estate. Ken holds the prestigious CCIM designation (Certified Commercial Investment Member), the highest designation in commercial real estate one can achieve.

Key Takeaways:

[2:45] The start of Ken's real estate journey

[5:08] Ken walks you through his first commercial transaction

[7:32] How Ken found his first deal (and it wasn't through a listing)

[9:04] How little Ken had to raise rent on his storage units to drastically increase the value of the facility

[11:57] Whether there are still deals for the mom and pop investor in storage facilities

[14:12] The word that best describes the search for a storage unit deal

[15:32] What you should know about triple net leases and why it would be attractive to investors

[17:45] How you can use triple net deals to make 12-18% cash on cash return

[20:20] Where a new investor without much money can find investors rather easily

[21:15] Where you can find triple net deals

[23:27] The typical structure of a triple net deal

[25:44] Picking which asset class to be in

[28:08] What happens with your triple net lease if the big companies (like Circuit City and Barnes & Noble) go under

Websites Mentioned:

www.triplenetcompanies.com
www.cresuccessacademy.com

Direct download: CI_56_Ken_Brown.mp3
Category:general -- posted at: 5:38pm EDT

Jason Hartman talks about the current state of the American economy, stock market and housing market with Megan Greene, Chief Economist of Manulife & John Hancock Asset Management.

Key Takeaways:

[4:06] If high frequency traders really bring liquidity into the market

[10:57] The cure all for our economic inequalities, and why you'll never see it come to fruition

[13:10] Why we may not want to be relying on housing for our economic revival

Website Mentioned:

www.johnhancock.com

Direct download: CI_55_Megan_Greene.mp3
Category:general -- posted at: 1:35am EDT

Jason Hartman talks with his client Greg Scott, a real estate investor living in Detroit and employee at Ford, about the current state of the Detroit real estate market, whether it might actually be a GOOD investment now, the future of self driving cars and more.

Key Takeaways:

[4:09] Where Greg currently owns rental properties

[6:29] The peak of metro Detroit's population and what's going on right now that might be making the population grow again

[8:37] One of Detroit's suburbs is actually the 11th wealthiest county in the USA

[10:53] Some demographic trends in Detroit

[12:40] Why Greg is the most optimistic about the future of Detroit than he's been in his entire life

[17:12] Some areas of Detroit that go along with the automotive industry and some that don't

[19:40] Greg's road to preparing to do multifamily investing in Detroit

[24:27] What Greg does for Ford

[27:57] How quickly we're approaching self driving cars and the new city built to be a self driving car test ground

[30:15] How self driving cars can change the landscape of cities

[33:45] If cars didn't need parking spots, what would we do with the 40% of the city that's currently being used for parking

[36:25] If Greg would buy any of the $1 houses in Detroit

[39:10] Greg's investing history and why he doesn't do the stock market anymore

Direct download: CI_54_Greg_Scott.mp3
Category:general -- posted at: 8:00am EDT

Jefferson Lilly is a mobile home park investment expert, educator, and industry consultant who has been featured in the New York Times, Bloomberg Magazine, and on the 'Real Money' television show.  Prior to co-founding Park Street Partners in 2013, Mr. Lilly spent seven years investing his own capital at Lilly & Company where he acquired and continues to operate mobile home parks in the Midwest.  Prior to becoming an investor full-time, Jefferson spent 10 years in sales leadership roles with several venture-backed startup companies in Silicon Valley that were acquired by Openwave Systems and VeriSign.  Earlier in his career he held operational roles at Viacom and was a consultant with Bain & Company.

Key Takeaways:

[2:30] The history of Jefferson's investing and value investing with mobile home parks

[4:38] Whether the mobile home park scene is too crowded or if there's still room

[7:07] How to find a broker for mobile home parks

[11:22] If Jefferson prefers park or tenant owned homes

[14:02] The interest rates being charged to tenants when they're buying homes

[18:20] Why mobile home parks aren't being built anymore

[19:25] The biggest mistake Jefferson made in the mobile home park real etate market

[22:20] How Jefferson went about turning a mobile home park into a better investment after purchase

Websites Mentioned:

www.parkstreetpartners.net
www.tulsaestatesmhp.com

Direct download: CI_53_Jefferson_Lilly.mp3
Category:general -- posted at: 8:00am EDT

Jeff K. Johnson is the President of Black Commercial, Inc., one of Spokane’s largest property management and commercial real estate companies. Jeff is a licensed REALTOR® and has worked in the real estate profession since 1975.

Jeff specializes in the sale, leasing, and development of office buildings. Much of Jeff’s work includes assisting Fortune 500 companies with the acquisition and disposition of corporate real estate. Jeff is also the managing general partner in numerous real estate investment partnerships. Prior to moving to Spokane, Jeff grew up in Iowa and attended Waldorf College in Forest City. Jeff has consistently been one of the top producing commercial real estate brokers in Spokane.

Key Takeaways:

[1:52] Jeff's start in the real estate business

[4:02] If paying off your mortgages is really a good idea

[6:40] The benefits of asset accumulation

[8:35] The positives and negatives of leverage

[10:04] Debt coverage ratios

[12:30] Whether cap rates are really that important

[16:00] An important key to being a successful real estate investor

[18:41] The false expectation paradigm

[21:30] Why zoning is so much harder to change today (and how that impacts buying land as an investment)

Website Mentioned:

www.naiblack.com

Direct download: CI_52_Jeff_Johnson.mp3
Category:general -- posted at: 12:32am EDT

Joshua Simon founded SimonCRE in 2010 in order to carry out his vision of building a real estate development company that focuses on using impeccable service and superior technology to assist clients. A seasoned real estate professional with over 10 years of experience in leasing, development, and finance, Joshua leads SimonCRE’s growth strategy.

Prior to founding SimonCRE, Joshua spent over six years as an independent contractor for Sandor Development in the capacity of a Developer and Senior Leasing Associate.  With his help and guidance, the Sandor Arizona office opened and grew from three employees to more than twenty.  His primary role was the due diligence, acquisition, design, development, and leasing for more than 1.6 million square feet of retail space located throughout the country. In addition, he also managed the construction portion of Sandor’s projects.

Key Takeaways:

[3:10] The importance of Entrepreneurs Organization in Josh's life

[5:06] How an internship helped Josh get started

[8:02] What Josh started his business doing

[9:33] Josh's first deal

[12:27] Josh's surprise business partner

[14:51] The best business mistake Josh ever made

[17:41] How Josh has scaled up his business and what kind of development he does

[20:08] How shopping centers have changed from the big box draw to places of entertainment, thanks to the internet

Website Mentioned:

www.simoncre.com

Direct download: CI_51_Josh_Simon.mp3
Category:general -- posted at: 8:00am EDT

Howard Blum is an American author and journalist. Formerly a reporter for the The Village Voice and The New York Times, Blum is a contributing editor at Vanity Fair and the author of several non-fiction books, including the New York Times bestseller and Edgar Award winner American Lightning: Terror, Mystery, the Birth of Hollywood, and the Crime of the Century. His new book is entitled The Last Goodnight: A World War II Story of Espionage, Adventure, and Betrayal

Key Takeaways:

[3:52] Howard's angle in The Last Goodnight that differentiates it from other World War II stories

[7:10] Betty Pack's impact on the war

[9:29] The making of Hollywood

[12:17] If government agencies are hiring more "honey trap" women for spying and the growth of women in the field world wide

[16:08] Howard's belief of the possibility of contact with extraterrestrials

[18:08] Howard's world take about how it's a different view depending on if you're a reporter or citizen

Websites Mentioned:

www.howardblum.com
www.facebook.com/theauthorhowardblum

Direct download: CI_50_Howard_Blum.mp3
Category:general -- posted at: 8:00am EDT

Marc is the founding partner and managing director of both the American Home Recovery Fund and NoteWerx, the cutting-edge note portfolio management cloud ware.

Marc brings over 20 years of senior management and transactional experience in the paper business of mortgage banking and real estate. Marc co-founded American Home Recovery Fund, a multi-million dollar private equity multi-fund, whose primary mission is to purchase NPLs and modify the current borrowers. With the expansion and success of the fund’s business, AHRF developed their own note portfolio management platform, but when it became clear that their software filled a huge void in the note space, NoteWerx was born and turned into its own business channel.

Marc also serves as president of American Home Veterans, a non-profit organization in formation to convert distressed housing assets into donation homes and provides sustainable housing for our nation’s disabled veterans.

Key Takeaways:

[2:08] How the American Home Recovery Fund buys distressed assets but tries to keep people in their home

[5:03] Why investors are crossing over into new territory when traditionally they've specialized

[7:33] Why banks are selling the notes rather than collecting the money from borrowers themselves

[9:32] Why banks haven't gotten more organized since the housing collapse

[11:34] What kind of inventory is still available on the market

[15:02] Great properties available in middle America

[17:49] Where Marc sees the market going in the next few years

[19:24] If the Dodd-Frank revisions have impacted his business

Websites Mentioned:

www.ahrfund.com
www.note.guru

Direct download: CI_49_Marc_Gold.mp3
Category:general -- posted at: 4:07pm EDT

On today's Commercial Investing episode, Jason interviews foreclosure defense attorney, Chris Cabanillas from Cabanillas Law. Chris started his own law firm in 2006 and focuses most of his practice on mortgage loan modifications, foreclosure defense, and other real estate issues. Chris sits down with Jason and shares some wisdom about why foreclosures take a while to process and some of the action steps you can take if you're facing foreclosure. 

 

Key Takeaways

3:50 – Somebody could be in default for thousands of days.

7:15 – One of the reasons why judicial foreclosure takes so long is because of documentation problems. 

9:40 – What's Chris's thoughts on shadow inventory? 

14:30 – What should you do if you're facing foreclosure? Chris explains. 

20:40 – What's the best way to pay for a foreclosure attorney? 

27:10 – The housing marketing is very diverse, so this advice may not apply to everyone. 

29:08 – Property prices are shooting up in Manhattan because of foreign investment. 

 

Mentioned in this episode

http://cabanillaslaw.com/

Direct download: CI2048.mp3
Category:Podcast -- posted at: 7:15pm EDT

Jason Hartman talks to his audience without a guest today and brings up a couple of interesting topics. He first tells the audience that he may be moving back to California for tax purposes and why he loves to be a renter. On the show, he talks a lot about the San Diego real estate market as well as why Bitcoin is a bad investment. He also shares his thoughts on the Houston and North Dakota real estate market and more on today's CI show. 

 

Key Takeaways:

5:15 – Jason is eligible to get a tax reduction simply by moving to California. 

7:10 – Despite being a real estate investor, Jason loves being a renter. 

13:40 – Jason was right about Bitcoin dropping to $200. 

17:10 – Jason does the math on the properties he's found so far in San Diego. 

21:40 – There will be lay-offs in Houston, which means the rental market will be moving. 

26:50 – The stock market doesn't even come close to income property. 

30:30 – Jason touches once more on the Bitcoin subject 

34:10 – Jason talks about some of his other podcast shows that he hosts. 

36:00 – Go to the iTunes store and type Jason Hartman to find more of his shows.

 

Mentioned In This Episode:

Coinbase.com

Direct download: CI_47_RP.mp3
Category:Podcast -- posted at: 2:42pm EDT

Ashlea Ebeling is an editor for Forbes Magazine and is a tax expert. She wrote a shocking article for Forbes about New York having a 164% marginal tax. She explains how this happened as well as shares tips on how you can become sheltered from estate taxes. On the show, Jason and Ashlea talk about where is the best place to die in the US, inheritance taxes in different states, and more. 

 

Key Takeaways:

2:35 – How is it possible New York has a 164% marginal tax? 

5:00 – You have an exemption of up to $5.42 million dollars for estate taxes in New York. 

6:55 – You need to look at the whole tax picture before moving to a state – income, sales, property, estate taxes, and more. 

8:40 – There are four big ways you can get around estate taxes. Ashlea explains. 

10:45 – Check out the TaxFoundation.org for tax info specific to your state. 

13:10  - Ashlea talks about the percentages of inheritance tax in various states around the nation. 

15:45 – Is a Roth IRA a good idea? 

19:45 – 2015 has a lot of new tax laws that you need to be careful about. 

21:00 – You may have delayed tax refunds because of the new laws taking place. 

 

Mentioned In This Episode:

http://www.businessinsider.com/bond-market-panic-phase-of-financial-crisis-2015-1

http://www.forbes.com/sites/ashleaebeling/2014/09/11/where-not-to-die-in-2015/

http://taxfoundation.org/

https://twitter.com/ashleaebeling

Direct download: CI204620RP.mp3
Category:Podcast -- posted at: 8:45pm EDT

Today’s Commercial Investing Show features author, Matthew Hart, who gives his leading and well-evidenced opinion on today’s gold rush and talks about the influence of advanced technologies in both gold prospecting and more recently, in diamond manufacturing. 

 

Key Takeaways

02.36 - Looking at patterns suggests that we are now coming to the end of the greatest gold rush in history, with most searches being totally price-driven.

04.55 – In Nevada, new technologies for gold extraction are really taking off.

10.20 – ETFs may well be the biggest factor in price movements and alterations with gold.

12.35 – Our fascination with gold has a history that dates back further than our ability to write.

17.19 – Like everything we use, eventually these gold deposits and reserves will run out.

18.36 – As it stands, the manufacture of diamonds in laboratories doesn’t look set to ruin the gem diamond trade.

23.02 – For more information and to buy Gold: The Race for the World’s Most Seductive Metal, go to www.MatthewHart.net 

Direct download: CI204520RP20From20CW20419.mp3
Category:Podcast -- posted at: 10:41am EDT

Today’s Commercial Investing Show guest is Mark Meckler. He co-founded the Tea Party Patriots and is also an author. On the show, Mark talks about his organization, self-governance, and why people hate the Tea Party movement so much.

 

Key Takeaways:

02.05 – Jason introduces Mark Meckler.

04.00 – The Tea Party was founded in 2009.

06.03 – Why is the Tea Party hated so much?

18.10 – What is an amendment convention? Mark explains.

20.33 – Congress passes board enabling acts and the regulators actually do the legislating. Mark and others are working towards stopping this.

26.15 – Elections are not enough, but with that said, we still need to vote.

29.08 – Would Texas become the Hong Kong of the United States?

31.57 – Remember, the larger the government, the smaller the citizen.

 

Mentioned In this Episode:

http://www.conventionofstates.com/

The Liberty Amendments by Mark Levin.

Direct download: CI204420RP20Mark20Meckler.mp3
Category:Podcast -- posted at: 8:58pm EDT

Jason Hartman shares some very vital information that he's learned over the years about construction costs on the Commercial Investing show. He shows the audience how you can figure out what the house is worth, talks about different square foot pricing across the United States, and more. 

 

Key Takeaways:

3:15 – Jason wants to talk to his audience today about construction costs. 

7:10 – Jason breaks down the cost per square foot in the various regions in the United States. 

11:00 – Jason tells you how you can figure out the land value. 

15:20 – Older homes may be built with a little more care, but newer homes are built with more technology. 

18:15 – If you go to JasonHartman.com you can see some lucky deals you can get on houses. 

19:30 – Jason explains why it's important to know the land value and the improvement costs. 

23:15 – You can find more information on this subject on Jason's YouTube channel. 

 

Mentioned In This Episode:

JasonHartman.com

https://www.youtube.com/channel/UCmNsqjCUKNlByC0xSK0u_qg

https://www.youtube.com/watch?v=ltGJUCknPqk

Direct download: CI_43.mp3
Category:Podcast -- posted at: 9:38pm EDT

David Porter is one of Jason Hartman's real estate clients. He has appeared on the podcast before many, many years ago to talk about his concept of the free lunch, which he also retouches on today in the podcast. David catches up with Jason and shares some of his real estate successes with the audience. 

 

Key Takeaways:

2:25 – Jason welcomes his guest, David Porter. 

4:50 – David bought his first home in Indianapolis in 2009 with Jason's company.

10:30 – David talks a little bit about his background in shipping and fiance. 

16:10 – It's so hard to predict where stocks are going to go versus owning real estate. 

19:00 – David took advantage of his ability to borrow and invested the money in real estate. 

24:35 – David explains a bit more about what his shipping company does. 

28:00 – Jason talks a little bit about China's economy. 

32:45 – The one thing that has saved the United States is the fact that we have the ability to print unlimited amounts of money. 

40:00 – Jason and David talk about the cool things that are happening right now in the technology sector. 

45:00 – David's friends are shocked that he's purchased properties he's never seen. 

48:45 – David explains the metric he came up with called, 'Free Lunch'. 

55:15 – David has made over a million dollars in appreciation. 

 

Mentioned In This Episode:

Abundance by Peter Diamandis

Makers by Chris Anderson

Khan Academy

David Porter's first interview - http://www.jasonhartman.com/89-%E2%80%93-the-%E2%80%9Cfree-lunch%E2%80%9D-metric-what-it-tells-about-income-property-%E2%80%93-an-impromptu-discussion/

Direct download: CI_42.mp3
Category:Podcast -- posted at: 8:48am EDT

Mark Faulk is an avid activist who is against financial fraud and corruption. He co-produced the documentary The Wall Street Conspiracy and joins Jason on the show today. Jason and Mark sit down to talk about the United States, Goldman Sachs and Wall Street, the U.S's ever increasing police force, and what this all means for the future. 

 

Key Takeaways:

3:00 – Congress already knew Wall Street was corrupt before the 2008 financial collapse. 

7:56 – Wall Street has been corrupt since the year 2000, at least. Mark explains more about this in this segment. 

15:15 – Goldman Sachs own the politicians and Wall Street owns the process. 

18:20 – One of the scams Wall Street does is it run stocks through multiple companies so the stock owner will never know if the stock is legit or not.  

20:50 – People have to raise up if they want to see change. 

23:10 – Cops look so militarized in the US, but why? Mark says it's all about control. 

25:20 – These big companies don't care about the economy, they just want to grab as much money as they can. 

27:35 – A lot more people know about the Wall Street scams and monopolies that are going on today than 7-10 years ago. 

29:10 – Mark talks about his documentary, The Wall Street Conspiracy, and where people can find more. 

 

Mentioned in this episode

www.TheWallStreetConspiracy.com 

The Wall Street Conspiracy a film by Mark Faulk

The Second Machine Age by Erik Brynjolfsson and Andrew McAfee

The Naked Truth by Mark Faulk

Direct download: CI_41_Mark_Faulk.mp3
Category:Podcast -- posted at: 9:33am EDT

Tim Carney has been a senior political columnist for the Washington Examiner since 2010. He is an experienced journalist with over a decade of experience in the fields of politics and economics. He sits down with Jason today on the Commercial Investing show to talk about regulation, lobbyists, and his book entitled Obamanomics. 

 

Key Takeaways:

3:10 – Left and right politics is like a big wrestling match – it's fake. 

6:20 – Who represents the little guy in business? 

10:20 – Regulation makes it harder for small business to start up. 

11:40 – What are some actions steps we can take? Tim explains in this segment. 

14:20 – The lobbyists aren't the problem, it's the incentives that the lobbying industry creates that causes problems. 

18:16 – Why aren't lobbyist meetings recorded? Congress meetings are. 

19:40 – Tim talks about Obama and a little bit about Tim's book entitled Obamanomics. 

22:10 – Tim believes people will be able to live their own lives without being dependent on big companies and company monopolies. 

23:10 – If innovation and experimentation are allowed then the economy and new businesses will do well. 

 

Mentioned In This Episode:

Uber

Obamanomics by Timothy Carney. 

The Big Ripoff by Timothy Carney. 

http://www.washingtonexaminer.com/

http://www.aei.org

 

Direct download: CI_40_Tim_Carney.mp3
Category:Podcast -- posted at: 3:36pm EDT

Key Takeaways:

2:40 – Jerry talks a little bit about his book Bankruptcy of Our Nation. 

7:00 – Jerry compares 2014 with 1914. 

14:17 – Jerry asks an important question, how can you fiance the foreign policy without the federal reserve? 

20:45 – People expect a certain level of economic standard and for those standards, values, and prices to keep raising. 

26:30 – The interest rates are so low right now that it's distorting the market place and making things harder to predict. 

30:30 - Countries are moving away from using oil for dollars and dollars for oil.

39:10 – The US is trading with only a select amount of counties and we're seeing that both Russia and China are picking up the slack and trading with everyone else. 

45:10 – Jerry talks about the 5 Levels of Financial Freedom program that he teaches on his website. 

52:00 – Remember, if you're a real estate investor, your tenants pay your mortgage debt off for you. 

 

Mentioned in this episode 

www.zillow.com

Bankruptcy of our Nation by Jerry Robinson

 

www.FTMDaily.com/fivelevels. 

Direct download: CI_39_Jerry_Robinson_Bankruptcy_Of_Our_Nation.mp3
Category:Podcast -- posted at: 6:50pm EDT

Jeff Macke was one of the original cast members for CNBC's Fast Money and is currently the host of the show Breakout, which is featured on Yahoo Finance. Jeff is a published author and talks about his book, Clash of the Financial Pundits, on the show with Jason today. Sit down with Jason and Jeff and learn about some interesting doomsday theories as well as currency inflation/deflation predictions. 

 

Key Takeaways:

3:25 – Jason loves services like Hotwire.com because he can stay at hotels for half of the price. 

8:45 – Highly skilled workers like investment bankers are becoming Uber drivers because it's difficult to find a job in today's economy. 

11:30 – Jeff thinks that there are actually plenty of jobs available, just these jobs happen to be  not what people want. 

13:00 – Jason talks a little bit about why he is excited about the self-driving car.

16:30 – Jeff believes that the stock market is still unstable. It's a lot more stable in today's time, but he still feels a bit nervous about it. 

19:32 – Jeff has mixed feelings about whether our currency will inflate or deflate. 

22:10 – Jason talks about the importance of preparing for both inflation/deflation currency outcomes. He explains a bit about how you can achieve this in this segment. 

24:25 – Remember that economics is a social science. You have to see what works and what doesn't. 

 

Mentioned in this episode

Clash of the Financial Pundits by Jeff Macke

www.Hotwire.com

www.Priceline.com

www.Lyft.com

www.Uber.com

Direct download: CI_38_Jeff_Macke_Yahoo_Finance.mp3
Category:Podcast -- posted at: 9:57am EDT

Chris Cabanillas is the owner of Cabanillas Law Firm and knows the ins and outs of New York, New Jersey, and Connecticut foreclosure law. He is considered an expert in the fields of foreclosure and shadow inventory and shares some great tips and insights on these two main subjects with Jason and his listeners. Chris also explains how to properly hire a defense attorney, things to look out for when fighting foreclosure, and more. 

 

Key Takeaways

5:00 – There was a lot of flaws in how foreclosures were being processed that now you require an attorney to double check documentation and make sure everything is legally abiding. 

8:35 – Statistics in New York show that only 5% of homeowners who were facing foreclosure actually went to court to try and fight the case.

11:00 – Chris's firm practices law in New York, New Jersey, and Connecticut.

15:20 – Chris gives some fantastic advice on how to handle foreclosure. 

19:20 – You get a better deal from a short sale because there's more of a personal human factor to it. 

23:00 – Know your defense attorney well. Chris says you should meet him or her in person before you do business with them. 

26:55 – Chris is dealing with higher priced markets, which doesn't reflect the markets in other places like the mid-west and south within the US. 

29:00 – There's a lot of foreign investment in Manhattan and other places from people in Europe, Russia, Asia, etc who want to park their money in the US. 

 

Mentioned in this episode

 

Slicing Pie by Mike Moyer

Direct download: CI_37_Chris_Cabanillas_Foreclosures_Cabanillas_Law.mp3
Category:Podcast -- posted at: 5:28pm EDT