Creating Wealth Real Estate Investing & Income Property

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

Mentions:

Jason Hartman discusses the destruction of America’s great middle class and how to avoid it. Let’s not let the USA become a banana republic. Jason recommends the book War on the Middle Class by Lou Dobbs and his interviews with Rich Dad author Garrett Sutton and Jim Rogers and then he talks about and article received from Chris McLaughlin: Middle class down this decade.

The first decade of the 21st century will go down in the history books as a step back for the American middle class. Last week, the government made gloomy headlines when it released the latest census report showing the poverty rate rose to a 17-year high. A whopping 46.2 million people (or 15.1% of the US population) live in poverty and 49.9 million live without health insurance. But the data also gave the first glimpse of what happened to middle-class incomes in the first decade of the millennium. While the earnings of middle-income Americans have barely budged since the mid 1970s, the new data showed that from 2000 to 2010, they actually regressed. For American households in the middle of the pay scale, income fell to $49,445 last year, when adjusted for inflation, a level not seen since 1996. And over the 10-year period, their income is down 7%.

Unlike the richest Americans, middle class families have most of their wealth tied up in the equity of their homes, which took a beating in the recession. And high unemployment has left many people with little or no other income at all. At the same time that Americans had less cash to spend, they were also being hit with rising prices for some crucial items. Even accounting for inflation, it still costs more to buy a home, fill your gas tank, go to the doctor and put food on the table than it did only 10 years ago. And not only is it more expensive to live a middle-class life, it costs more to get there too. The price of a college education — still considered the ticket to higher

wages and a better lifestyle — has surged over the last d

Jason Hartman discusses the destruction of America’s great middle class and how to avoid it. Let’s not let the USA become a banana republic. Jason recommends the book War on the Middle Class by Lou Dobbs and his interviews with Rich Dad author Garrett Sutton and Jim Rogers and then he talks about and article received from Chris McLaughlin: Middle class down this decade.

The first decade of the 21st century will go down in the history books as a step back for the American middle class. Last week, the government made gloomy headlines when it released the latest census report showing the poverty rate rose to a 17-year high. A whopping 46.2 million people (or 15.1% of the US population) live in poverty and 49.9 million live without health insurance. But the data also gave the first glimpse of what happened to middle-class incomes in the first decade of the millennium. While the earnings of middle-income Americans have barely budged since the mid 1970s, the new data showed that from 2000 to 2010, they actually regressed. For American households in the middle of the pay scale, income fell to $49,445 last year, when adjusted for inflation, a level not seen since 1996. And over the 10-year period, their income is down 7%.

Unlike the richest Americans, middle class families have most of their wealth tied up in the equity of their homes, which took a beating in the recession. And high unemployment has left many people with little or no other income at all. At the same time that Americans had less cash to spend, they were also being hit with rising prices for some crucial items. Even accounting for inflation, it still costs more to buy a home, fill your gas tank, go to the doctor and put food on the table than it did only 10 years ago. And not only is it more expensive to live a middle-class life, it costs more to get there too. The price of a college education — still considered the ticket to higher

wages and a better lifestyle — has surged over the last d

Mike Fernandez’s family was kicked out of Cuba five years after Fidel Castro took over the government. His family landed in the United States with no money, no food and no place to live. His father was able to get work as a short order cook and after just three years he was able to buy a house for his family to live in. Mike was drafted after one semester in college and after providing his service in the army he worked selling insurance policies door to door. It was there he earned his grit and learned to accept failure.

He is now a billionaire who runs multiple companies at once. He says to succeed, sacrifice must become part of your journey and it is the execution of the smallest detail which can make or break you. He believes the U.S. gives an equal opportunity those all those willing to try.

Key Takeaways:

Jason’s Editorial

[2:08] Venture Alliance membership is growing, welcome Mike & congratulations to Jeff & Shannon

[3:30] Meet the Masters content will be available

[4:50] Venture Alliance in Dubai

Mike Fernandez Guest Interview:

[6:26] Mike’s long journey from Cuba to become the successful entrepreneur he is today

[10:43] Changing our focus towards Cuba - Stop hurting the government and help the people

[13:36] Using work to validate my life

[17:06] Providing healthcare to those with HIV with Magic Johnson

[18:05] The U.S. gives everyone an equal opportunity to try

[20:53] Only you can hold yourself down, no one else can hold you down

[22:42] Mike’s super formula starts with sacrifice

[25:10] The best place to invest in real estate will be Miami

[26:37] Contact information for Mike Fernandez

Mike Fernandez’s family was kicked out of Cuba five years after Fidel Castro took over the government. His family landed in the United States with no money, no food and no place to live. His father was able to get work as a short order cook and after just three years he was able to buy a house for his family to live in. Mike was drafted after one semester in college and after providing his service in the army he worked selling insurance policies door to door. It was there he earned his grit and learned to accept failure.

He is now a billionaire who runs multiple companies at once. He says to succeed, sacrifice must become part of your journey and it is the execution of the smallest detail which can make or break you. He believes the U.S. gives an equal opportunity those all those willing to try.

Key Takeaways:

Jason’s Editorial

[2:08] Venture Alliance membership is growing, welcome Mike & congratulations to Jeff & Shannon

[3:30] Meet the Masters content will be available

[4:50] Venture Alliance in Dubai

Mike Fernandez Guest Interview:

[6:26] Mike’s long journey from Cuba to become the successful entrepreneur he is today

[10:43] Changing our focus towards Cuba - Stop hurting the government and help the people

[13:36] Using work to validate my life

[17:06] Providing healthcare to those with HIV with Magic Johnson

[18:05] The U.S. gives everyone an equal opportunity to try

[20:53] Only you can hold yourself down, no one else can hold you down

[22:42] Mike’s super formula starts with sacrifice

[25:10] The best place to invest in real estate will be Miami

[26:37] Contact information for Mike Fernandez

You may want to make sure your portfolio is diversified with a big chunk of hard assets before listening to this podcast. Jason’s guest, Adam Taggart, is the coauthor (along with Chris Martenson) of Prosper and The Crash Course. The books describe an upcoming extension of the 2008 credit crisis based on economic, environmental and technology-driven changes. They foresee a period of quick change then markets collapsing from the outside in.

Adam shares the book’s eight types of capital. Investing in these eight attributes will allow you to possibly weather the storm economically, physically and environmentally. And even if the storm never comes you will be smarter, more flexible and your wealth will be better protected.

Key Takeaways:

Jason’s Editorial:

[2:13] The next Meet the Masters in next January

[3:16] Buy the Meet the Masters Course for 2014 & 2015

[4:36] Income property is the most historically proven asset class

Adam Taggart Guest Interview:

[6:22] The Crash Course book details how trends will affect our future

[11:56] A small shockwave can affect the entire global monetary system

[14:07] The unpleasant side of a “glut” of oil and environmental depletions

[22:30] Debunking the faith in technology argument

[28:33] Economic systems are the easiest to change

[32:10] There is more net energy per capita than in any other time in history

[33:41] True wealth = The ability to rebound from adversity in any sector

[35:16] The 8 key components which make up capital

[40:01] The importance of your cultural capital

[42:52] The 2008 crisis had plenty of warning signs

[45:45] How long

You may want to make sure your portfolio is diversified with a big chunk of hard assets before listening to this podcast. Jason’s guest, Adam Taggart, is the coauthor (along with Chris Martenson) of Prosper and The Crash Course. The books describe an upcoming extension of the 2008 credit crisis based on economic, environmental and technology-driven changes. They foresee a period of quick change then markets collapsing from the outside in.

Adam shares the book’s eight types of capital. Investing in these eight attributes will allow you to possibly weather the storm economically, physically and environmentally. And even if the storm never comes you will be smarter, more flexible and your wealth will be better protected.

Key Takeaways:

Jason’s Editorial:

[2:13] The next Meet the Masters in next January

[3:16] Buy the Meet the Masters Course for 2014 & 2015

[4:36] Income property is the most historically proven asset class

Adam Taggart Guest Interview:

[6:22] The Crash Course book details how trends will affect our future

[11:56] A small shockwave can affect the entire global monetary system

[14:07] The unpleasant side of a “glut” of oil and environmental depletions

[22:30] Debunking the faith in technology argument

[28:33] Economic systems are the easiest to change

[32:10] There is more net energy per capita than in any other time in history

[33:41] True wealth = The ability to rebound from adversity in any sector

[35:16] The 8 key components which make up capital

[40:01] The importance of your cultural capital

[42:52] The 2008 crisis had plenty of warning signs

[45:45] How long

George Gilder is Publisher of the Gilder Technology Report, Chairman of the Gilder Group, co-founder and Senior Fellow at Discovery Institute, an original pillar of Supply Side economics, and author of, “KNOWLEDGE AND POWER: The Information Theory of Capitalism and How it is Revolutionizing our World.”

The information age is changing our country’s economics. Gilder explains his new paradigm for kick-starting economic growth and how companies outside the tech sector can benefit from Silicon Valley-style information flow. Gilder believes the risks inherent in free enterprise relate to accumulation of knowledge.

Gilder also discusses the drivers that lead to poverty as well as the most efficient ways to eradicate poverty.

George Gilder is Publisher of the Gilder Technology Report, Chairman of the Gilder Group, co-founder and Senior Fellow at Discovery Institute, an original pillar of Supply Side economics, and author of, “KNOWLEDGE AND POWER: The Information Theory of Capitalism and How it is Revolutionizing our World.”

The information age is changing our country’s economics. Gilder explains his new paradigm for kick-starting economic growth and how companies outside the tech sector can benefit from Silicon Valley-style information flow. Gilder believes the risks inherent in free enterprise relate to accumulation of knowledge.

Gilder also discusses the drivers that lead to poverty as well as the most efficient ways to eradicate poverty.

Technological changes may give real estate investors better tools to access previously unavailable markets, but no amount of technology will ever replace a human’s need for shelter. As long as investors keep their eyes looking forward to the future and stay on top of the increasing number of research tools available they will successfully build a diverse, long-term wealth strategy based upon single family home investment properties.

Jason and the Real Estate Guys take a break from their real estate conference speaking engagements to discuss predictions for the future of the real estate investment market, the influx of tenants looking for rentals and how technology is changing investors ability to see beyond their own backyard and experience the benefit of geo-arbitration.

Meet the Masters is this weekend & there are still spaces available for our Venture Alliance trip in beautiful Dubai. 

Key Takeaways:

Jason’s Editorial:

[1:29] Our archives are split because of limitations in iTunes

[6:19] Science has been and will be wrong

[12:00] Jason predicted the Obamacare disaster

[14:12] The Big Short movie - do not miss it

[15:25] Exercise prevents, treats or cure basically everything

[19:58] Casey Meyeres CPA will be speaking about taxation with regards to real estate 

Robert Helms & Russ Gray Guest Interview:

[23:43] Real Estate investors have more tenants than ever before

[26:31] Single family housing will always be a need

[30:16] You can’t keep the U.S.A. down for long

[33:18] You must change based on what the market gives you

[35:01] Houses will be built, no matter what tech