Creating Wealth Real Estate Investing & Income Property

Jason talks with Michael Kitces, who is a financial planner and runs the blog Nerds Eye View.

Owning the most historically proven asset class, income property, is getting easier. This new service allows landlords to screen tenants, view credit reports and collect rents from a smartphone or tablet.There are nominal fees built into services like debit card processing and the obtaining of a credit report which are paid for by tenants. Professional property owners now have a one-stop shop for managing their income properties, no matter where they are in the world. 

Key Takeaways:

Jason’s Editorial:

[1:24] The devastating news from the stock market, was it manufactured? 

[5:44] Could the government take away the benefits of the most tax favored asset?

[7:37] The entire world economy is 60 trillion in a year and we lost 8 trillion in less than 1 month

[9:58] Let’s print more money because there is no limit 

[12:57] Get free powerpoint slides and a reserve your spot for the next JHU event March

Gino Zahnd Guest Interview:

[17:12] What exactly is Cozy and how did it start?

[20:23] A landlord has access to a tenant’s credit report without the chance of identity theft

[22:10] An agent can only use the screening tools or the full-service option

[24:59] Can a landlord can still add an application fee to cover their time spent?

[27:44] Credit reports & background checks have a fee associated with them via Cozy

[29:35] Automated Clearing House (ACH) payments are free between landlord and tenants

[32:07] Cozy eats the cost of transactions in exchange for client satisfaction

[33:26] 2 ways for a landlord to initiate payments

[35:45] Cozy’s goal is to be the

Owning the most historically proven asset class, income property, is getting easier. This new service allows landlords to screen tenants, view credit reports and collect rents from a smartphone or tablet.There are nominal fees built into services like debit card processing and the obtaining of a credit report which are paid for by tenants. Professional property owners now have a one-stop shop for managing their income properties, no matter where they are in the world. 

Key Takeaways:

Jason’s Editorial:

[1:24] The devastating news from the stock market, was it manufactured? 

[5:44] Could the government take away the benefits of the most tax favored asset?

[7:37] The entire world economy is 60 trillion in a year and we lost 8 trillion in less than 1 month

[9:58] Let’s print more money because there is no limit 

[12:57] Get free powerpoint slides and a reserve your spot for the next JHU event March

Gino Zahnd Guest Interview:

[17:12] What exactly is Cozy and how did it start?

[20:23] A landlord has access to a tenant’s credit report without the chance of identity theft

[22:10] An agent can only use the screening tools or the full-service option

[24:59] Can a landlord can still add an application fee to cover their time spent?

[27:44] Credit reports & background checks have a fee associated with them via Cozy

[29:35] Automated Clearing House (ACH) payments are free between landlord and tenants

[32:07] Cozy eats the cost of transactions in exchange for client satisfaction

[33:26] 2 ways for a landlord to initiate payments

[35:45] Cozy’s goal is to be the

How do families with a high net worth keep, grow and protect their wealth for future generations? They put their families to work in single, family and virtual family offices. The idea behind the resource is to allow the wealth creator of the family enough time and space to create additional wealth while everyday tasks such as investments and insurance can be handled by industry specialists. Basically, when you are ultra-rich you need someone else to manage your daily and long-term financials to avoid possible costly mistakes.

Key Takeaways:

Jason’s Editorial:

[1:26] Is the economic “recovery” a myth?

[4:30] The robotics revolution may be the harbinger of creative destruction

[7:50] Rents increasing in 2016 - Business Insider article

[11:21] Living standards will decline all over the world in the near future

[12:43] Making the math work in high tax states in difficult

[15:36] Consider your real estate portfolio is a family office

[21:39] Venture Alliance Mastermind in Dubai is coming up and a new Jason Hartman University

Richard Wilson Guest Interview:

[23:45] A family office is a money management system for the wealthy

[24:30] There are 14.4K ultra-wealthy people in the world

[26:42] Family office terms - multi, single and virtual

[30:59] We are in the process of adoption

[32:26] The reason Family Offices exist is to curb costly mistakes

[38:30] Investors can use real estate strategically

[42:46] The Family Office structure should be based on core goals

[45:41] Family members run the family offices for a spectrum of privacy

[47:22] The U.S. is still the #1

How do families with a high net worth keep, grow and protect their wealth for future generations? They put their families to work in single, family and virtual family offices. The idea behind the resource is to allow the wealth creator of the family enough time and space to create additional wealth while everyday tasks such as investments and insurance can be handled by industry specialists. Basically, when you are ultra-rich you need someone else to manage your daily and long-term financials to avoid possible costly mistakes.

Key Takeaways:

Jason’s Editorial:

[1:26] Is the economic “recovery” a myth?

[4:30] The robotics revolution may be the harbinger of creative destruction

[7:50] Rents increasing in 2016 - Business Insider article

[11:21] Living standards will decline all over the world in the near future

[12:43] Making the math work in high tax states in difficult

[15:36] Consider your real estate portfolio is a family office

[21:39] Venture Alliance Mastermind in Dubai is coming up and a new Jason Hartman University

Richard Wilson Guest Interview:

[23:45] A family office is a money management system for the wealthy

[24:30] There are 14.4K ultra-wealthy people in the world

[26:42] Family office terms - multi, single and virtual

[30:59] We are in the process of adoption

[32:26] The reason Family Offices exist is to curb costly mistakes

[38:30] Investors can use real estate strategically

[42:46] The Family Office structure should be based on core goals

[45:41] Family members run the family offices for a spectrum of privacy

[47:22] The U.S. is still the #1

Jason Hartman takes a unique middle ground on the Occupy Wall Street protests since Wall Street doesn’t represent capitalism as the right-wing media would have us believe while the left-wing media who supports big government and big unions doesn’t represent capitalism either. Both sides are promoting a fairy tale.

A recent Facebook post sums it up fairly well: This whole issue really isn’t that simple. I assume that most of the protesters are clueless folks who need haircuts; however, so is the conservative media (that I mostly agree with) in saying that Wall Street represents “capitalism” – nothing could be further from the truth, Wall Street, banks and mega-corporations are mostly ANTI-CAPITALISM in that they are playing a rigged game with lobbyists, government cronyism and insider dealings at every level. They use lawyers, accountants and PR firms to commit their crimes. There is very little capitalism on Wall Street.

If you’re looking for capitalism, look at Main Street, where small business operates under far too much government interference. Jason discusses the powerful “Qualified Written Request” (QWR) letter and how it can be a tool for loan modification, short sale, deed-in-leiu of foreclosure and foreclosure litigation.

You’ll also hear a short article from Jason’s newsletter, The Financial Freedom Report, on that all to upsetting topic of “Too Big to Fail.”

Jason Hartman takes a unique middle ground on the Occupy Wall Street protests since Wall Street doesn’t represent capitalism as the right-wing media would have us believe while the left-wing media who supports big government and big unions doesn’t represent capitalism either. Both sides are promoting a fairy tale.

A recent Facebook post sums it up fairly well: This whole issue really isn’t that simple. I assume that most of the protesters are clueless folks who need haircuts; however, so is the conservative media (that I mostly agree with) in saying that Wall Street represents “capitalism” – nothing could be further from the truth, Wall Street, banks and mega-corporations are mostly ANTI-CAPITALISM in that they are playing a rigged game with lobbyists, government cronyism and insider dealings at every level. They use lawyers, accountants and PR firms to commit their crimes. There is very little capitalism on Wall Street.

If you’re looking for capitalism, look at Main Street, where small business operates under far too much government interference. Jason discusses the powerful “Qualified Written Request” (QWR) letter and how it can be a tool for loan modification, short sale, deed-in-leiu of foreclosure and foreclosure litigation.

You’ll also hear a short article from Jason’s newsletter, The Financial Freedom Report, on that all to upsetting topic of “Too Big to Fail.”

Is there a safe place to invest your money within the Chinese economy? Jason’s guest and author of the new Crouching Tiger book, Dr. Peter Navarro says no. He sees through the beefing up of the Chinese military as a way to distract from the economic failure which is drawing near. China is claiming additional territories and it says it doesn’t want conflict with the U.S., but its strained relations with Japan may force the U.S. into defensive mode. Dr. Navarro says he is surprised none of the 2016 U.S. presidential candidates are discussing the issue and stresses foreign policy should be the number one talking point of the future U.S. president.

Key Takeaways:

Jason’s Editorial:

[1:40] Upcoming Venture Alliance Mastermind in Dubai

[7:19] Saudi Arabia is Snapping Up US Farmland - Rob Quinn, Newser

[12:24] Here’s what you can expect to pay for a rental in 10 major US cities

[18:02] Check out our Meet the Master’s of Income Property Home Study Course

Dr. Peter Navarro Guest Interview:

[20:50] A geopolitical detective story - the story behind Crouching Tiger

[23:51] China was the most powerful economy and country for 5,000 years

[27:02] This book is designed to educate financial analysts about the geopolitical risks in Asia

[28:53] Is the U.S. required to get involved in China - Japan relations?

[31:19] Why does the U.S. have 300,000 troops in Asia?

[32:30] Creating Wealth listeners should be doing these things

[35:20] Japan is an island nation with no natural resources

[37:20] Hindi Chini Bhai Bhai - India and China are brothers

[40:47] The Chinese economic miracle is over

[46:19] Find out more about the Crouching Ti

Is there a safe place to invest your money within the Chinese economy? Jason’s guest and author of the new Crouching Tiger book, Dr. Peter Navarro says no. He sees through the beefing up of the Chinese military as a way to distract from the economic failure which is drawing near. China is claiming additional territories and it says it doesn’t want conflict with the U.S., but its strained relations with Japan may force the U.S. into defensive mode. Dr. Navarro says he is surprised none of the 2016 U.S. presidential candidates are discussing the issue and stresses foreign policy should be the number one talking point of the future U.S. president.

Key Takeaways:

Jason’s Editorial:

[1:40] Upcoming Venture Alliance Mastermind in Dubai

[7:19] Saudi Arabia is Snapping Up US Farmland - Rob Quinn, Newser

[12:24] Here’s what you can expect to pay for a rental in 10 major US cities

[18:02] Check out our Meet the Master’s of Income Property Home Study Course

Dr. Peter Navarro Guest Interview:

[20:50] A geopolitical detective story - the story behind Crouching Tiger

[23:51] China was the most powerful economy and country for 5,000 years

[27:02] This book is designed to educate financial analysts about the geopolitical risks in Asia

[28:53] Is the U.S. required to get involved in China - Japan relations?

[31:19] Why does the U.S. have 300,000 troops in Asia?

[32:30] Creating Wealth listeners should be doing these things

[35:20] Japan is an island nation with no natural resources

[37:20] Hindi Chini Bhai Bhai - India and China are brothers

[40:47] The Chinese economic miracle is over

[46:19] Find out more about the Crouching Ti

This episode can be summed up by the popular saying “Everyone is a genius in a bull market”. Many financial hosts warn against taking on debt to build wealth. Jason clearly illustrates why we should be using fixed rate mortgage as a financing vehicle and outsourcing debt to tenants while enjoying the tax advantages.

Naresh is not a real estate investor, yet. He has come up with some basic, but necessary questions for Jason which will help him and all of you budding, soon to be real estate income property investors out there. Jason reminds us “real estate is the most historically proven asset class” and carefully lays out his answers in easy to understand, common sense terms.

Key Takeaways:

Jason’s editorial:

[2:35] Predicting market cycles would be easier if governments and central banks didn’t interfere

[8:41] The business cycle is an economic concept which affects real estate

[10:14] The Reluctant Investor’s Lament poem by Donald Weill

[17:46] Everybody’s a genius in a bull market

[19:55] Our Investment Counselors are geographically independent, market-wide gatekeepers

[23:21] Our organization has relationships with local market specialists which give clients leverage

[26:53] New clients need at least 24% cash down when purchasing a property

[29:37] The rise of the “debt bigots”

[33:38] Debt is a powerful thing, you must be wise with it

[34:30] Always use debt as leverage when purchasing real estate income properties

[37:09] A fixed rate mortgage guarantees your rate for 30 years plus tenants pay off your debt

[38:33] Podcast feeds are divided and education is free

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