Accredited Income Property Investment Specialist (AIPIS)

In Part 1 of this client case study with Sean, Jason Hartman discusses the beginning of Sean's real estate investing career and the mistakes he made. Sean ended up with 6 figures worth of debt when the great recession hit, and he admits it's because he made some terrible decisions. Jason and Sean look into why they were bad decisions and how Sean and his wife have been able to dig out of that hole and continue to invest in real estate.

The two then begin their discussion on property managers and what to do when repairs are needed. Part 2 will be next week.

Key Takeaways:

[3:10] Real estate investing allows Sean to supplement his acting income and not have to stay in one place

[8:03] Sean & his wife got caught up in the Florida FOMO and kept him from doing more real estate until 2013

[13:26] What part of Jason's investing philosophy really opened Sean's eyes

[16:51] Sean's personal philosophy on the markets he's investing in

[21:00] Only accept invoices from vendors, not from managers

[24:51] Make sure you find a trusted handyman

Website:

www.JasonHartman.com/Properties

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

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

Homee on Demand is a new app that's aiming to make property management from afar easier than it's ever been before. Your tenant can alert you to a problem, send you a picture of the issue, you can get a quote, and verify the issue is taken care of.

Listen in as Sara McFarland gives a rundown of the service, how they ensure you don't get ripped off, and how you can best use it in your portfolio.

Website:

www.HomeeOnDemand.com

Homee on Demand is a new app that's aiming to make property management from afar easier than it's ever been before. Your tenant can alert you to a problem, send you a picture of the issue, you can get a quote, and verify the issue is taken care of.

Listen in as Sara McFarland gives a rundown of the service, how they ensure you don't get ripped off, and how you can best use it in your portfolio.

Website:

www.HomeeOnDemand.com

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

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

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:

[3:08] How is ADHD a benefit?

[5:35] It's important to set up your life in a way that doesn't allow you to get derailed, and the 4 undeniable ADHD life rules

[8:39] You can lead the life you want, you just have to be willing to make the trade offs

[12:47] Your audience will tell you what they want and where they are, if you're willing to listen

[14:42] The only time you want to ignore what your audience is saying they want is when you're a part of a big market disruptor

Website:

www.ShankMinds.com

www.FasterThanNormal.com

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:

[3:08] How is ADHD a benefit?

[5:35] It's important to set up your life in a way that doesn't allow you to get derailed, and the 4 undeniable ADHD life rules

[8:39] You can lead the life you want, you just have to be willing to make the trade offs

[12:47] Your audience will tell you what they want and where they are, if you're willing to listen

[14:42] The only time you want to ignore what your audience is saying they want is when you're a part of a big market disruptor

Website:

www.ShankMinds.com

www.FasterThanNormal.com

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:

[00:45] What people don't realize about interest rates

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

[1:56] What the Fed will do if the market drops 10% and what else will happen if it drops 20%

[5:15] What Richard wishes the government had done with the $1 trillion in new deficits that will occur from the new tax reform

[9:50] Why Richard thinks the government can invest as wisely as private companies

[14:16] What are the next few years going to look like?

[16:49] People need to get very familiar with quantitative tightening

Websites:

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