Creating Wealth Real Estate Investing & Income Property

Jason Hartman has been in the Baton Rouge market before, but haven't been there for a while. Now, however, an old LMS is back with new, built-to-rent, construction that provides some solid return on investment. Jason talks to him about why he's back in Baton Rouge, what the new construction looks like, and the pervasiveness of institutional investors that drove him out of the Atlanta market.

Prior to the market profile, however, Jason talks about the concept of iterations, and why it's so important to not get discouraged over initial failure. You have to learn to constantly improve and always be searching for your advantage.

Key Takeaways:

[2:26] The concept of iteration

[7:12] We need to stop believing we're going to get things right the first time we do them

[13:20] If you never have the hard times you can't appreciate the good

[15:18] Give your kids roots, but make sure you also give them wings

Baton Rouge LMS Interview:

[19:49] What kind of properties are being built in this round of inventory

[24:51] Every apartment complex is a build-to-rent deal, but single family build-to-rent is becoming a bigger and bigger market

[27:31] Institutional investors come in with massive amounts of capital that has to be deployed quickly, and it has led them to accept lower returns

[31:25] Are any of the new properties assisted housing?

Website:

www.JasonHartman.com/Properties

www.JasonHartman.com/Masters

Today Jason Hartman and Adam answer a listener question about Inflation Induced Debt Destruction, discuss the latest economic numbers that impact the housing market and why requiring things like affordable housing is a destructive practice for governments. Then Adam sits down with Joe the Lender for the February Mortgage Minute.

Key Takeaways:

[6:21] Companies make a LOT of money off unredeemed items

[9:28] Listener Question: Seneca's question about Inflation Induced Debt Destruction

[17:05] The latest Consumer Confidence, Case-Shiller Index and New Home Sales numbers

[20:20] California is suing Huntington Beach for not having enough affordable housing

[24:26] February Mortgage Minute

[29:23] Mortgage starts for Joe were a little flat toward the end of the year but have been getting better this month

Website:

www.JasonHartman.com/Ask

www.JasonHartman.com/Masters

Jason Hartman's Alexa Flash Briefing Skill

The PropertyCast

Jason Hartman and Adam take aim at where inflation is actually rearing its ugly head in today's world. The cost of goods is still cheap, but a lot of services are becoming more and more expensive by the day.

Then Jason answers a question from listener Fred about the number of single family homes you can own and why Jason diversified into multi-family and mobile home parks as well. Finally, Jason identifies the hardest part about owning each of the different types of real estate.

Key Takeaways:

[4:16] Inflation in the SaaS world

[9:10] Inflation is hard to measure because goods are cheap, but services can be incredibly expensive

[12:56] Does your investment portfolio have termites?

[18:13] Listener Fred asks if there's limit to the number of single family homes that you can own without being overwhelmed., as well as why Jason also invests in multi-family and mobile home parks

[22:39] Diversify, BUT NOT TOO MUCH

[28:41] The hardest part about owning single family, multi-family and mobile home parks

Website:

www.JasonHartman.com/Properties

Jason Hartman's Real Estate Investor Update - Alexa Skill

Today's Flash Back Friday comes from Episode 327, originally published in July 2013.

Jason Hartman is joined by Michael who asks Jason the questions that listeners are asking. Jason explains what he would do if he were a brand new investor, some basics on self-management, a few property profiles, and the myth of higher returns on higher investments. That $5 million dollar multifamily complex isn't likely to outperform your single family rental.

Website:

www.JasonHartman.com/Masters

www.JasonHartman.com/Properties

Jason Hartman starts off the show with an important announcement about Meet the Masters of Income Property coming up in March. There are two new speakers signed and because of the announcement early bird pricing has been continued until Wednesday, when prices will go up again.

Then, Jason goes off topic with Jeffrey Gitomer, New York Times Best Selling Author of The Little Red Book of Selling and Truthful Living: The First Writings of Napoleon Hill, about some of the great mentors that the two have had in their lives which include Napoleon Hill and Earl Nightingale. They look at what history can teach us, the right way to approach sales, and the challenges we have to face to do the right thing in today's world.

Key Takeaways:

[3:11] Meet the Masters Speaking Announcements: George Gilder & Tom Wheelwright

Jeffrey Gitomer Interview:

[12:30] The challenge to do the right thing in our society has never been at a higher level than it is today

[17:13] The 5 point rule

[22:34] The 7 Success Rules

[26:28] If you have the right service and attitude heart, sales will be easy

[32:41] If you want to learn something new, read a book that's 60 years old

Website:

www.JasonHartman.com/Masters

www.Gitomer.com

Today's show is all about helping you grow your real estate portfolio as tax free as possible. When you are ready to sell one property and purchase other ones with the proceeds there's no need to pay capital gains taxes at that time when you have a vehicle like a 1031 exchange. Join Jason Hartman and Dino Champagne, Los Angeles Division Manager & VP at Asset Preservation Incorporated, as they discuss the strategies, the complexities and the savings that 1031s can provide.

Key Takeaways:

[5:17] How a 1031 Exchange works

[7:51] Try and avoid a reverse exchange as best you can, because they can get real tricky and lendors aren't fans of them

[9:48] The 45 and 180 day timeframe of a 1031 exchange

[12:37] The 3 different ways you identify properties in a 1031 exchange

[14:59] How much money can a 1031 exchange actually save you and your heirs? It's pretty astounding

[20:18] 1031 exchange accomodators aren't highly regulated, which has led to some scams over the years. What questions do you need to ask when you're searching for one?

[24:19] Changes the new tax law has made on 1031 exchanges

[26:50] Are Opportunity Zones overhyped?

[32:23] With Opportunity Zone investing being so new, vetting the sponsor of the deal is more important than ever

Website:

www.APIExchange.com

Today's show features Jason Hartman and Adam answering listener questions about capital gains taxes, 1031 exchanges, and Jason's preferred method of diversifying across real estate markets. Should you buy one home per market or multiple homes in one before moving to the next?

Then Jason and Adam look at an article about Warren Buffett's investing principle and how we can use his outlook in our real estate investing.

Key Takeaways:

[3:45] Listener Question: Is there any way, other than a 1031 exchange, to sell real estate and not pay capital gains tax?

[9:02] Listener Question: How quickly should you diversify across multiple markets?

[16:33] Can the government negotiate the best rates anywhere?

[22:01] The one word that Buffett and Gate would offer you is...FOCUS

[24:04] The 3 things Jason invests in

[28:03] Warren Buffett's theory on value investing and working with people you trust is very much how you should invest in real estate

Website:

www.JasonHartman.com/Masters

www.JasonHartman.com/Properties

Jason Hartman starts today's episode discussing the recent World Economic Forum with economist Thomas Young. Specifically they look a bit at the "Happiness Index" that they were discussing at the forum and whether that should hold any muster for us.

Then Jason has a client case study with Eric Payne. Eric started investing in single family housing around 2010 and has steadily added to his collection. Today he has 18 units and is looking to substantially add more when he finishes the sale of his current business. Jason and Eric go over Eric's journey, why he chose to use real estate to achieve the financial freedom he desired and beauty of the 30 year fixed rate mortgage.

Key Takeaways:

[3:07] What happened at the World Economic Forum this year?

[7:00] How important is the Happiness Index?

[13:50] Are we starting to approach a new cold war?

Eric Payne Client Case Study:

[17:29] Eric's start in his real estate journey made him realize that flipping is overrated and renting is the way to go

[19:09] A foreclosure Jason remembers from the Great Recession that he wishes he'd bought

[22:01] People tend to sabotage themselves by trying to time the market

[30:23] Eric's parents $118 mortgage made him realize how amazing a 30 year fixed rate mortgage is

Website:

www.JasonHartman.com/Masters

www.JasonHartman.com/Properties

Today's Flash Back Friday comes from Episode 287, originally published in November 2012.

Jason Hartman is joined by Larry Muck, the Executive Director of the American Association of Private Lenders, to talk about the AAPL’s history, mission and vision.  Larry explains what private lenders are doing for people that the banks can’t do, and how the AAPL is trying to organize the efforts of private lending. AAPL was formed to help raise the standards in the industry and develop a brand that could be used by private lenders to prove credibility and trust.  Larry also discusses the needs of investors and the various tools now available to support investors and lenders.

Larry has served in many leadership and lending capacities, including serving as Executive Vice President for a regional bank with a $220 million portfolio of commercial, consumer, construction, and mortgage loans.  Additionally he served as Community President for Gold Bank in Saint Joseph, Missouri and transitioned to Regional EVP with Marshall and Ilsely Bank in Kansas City. His well rounded background includes experience in Loan Review and serving for two years as the Corporate Training Director for a $15B regional bank holding company.

Throughout his career, Larry has had a passion for community service, serving in various leadership capacities with organizations such as United Way, the Allied Arts Council, St. Joseph Preservation, Inc. and many others.  His interests lie in all outdoor sporting activities, basketball, and cooking.

Website:

www.AAPLOnline.com

Jason Hartman starts today's show with a tribute to Jack Bogle, who truly changed the world of investing and was a figure that Jason could model his beliefs about fighting for the little man after. He also discusses some important lessons we can learn about questioning advice we hear to ensure it's best for our purposes, not just the benefit of the person making the pitch.

Then Jason talks with Harry Dent, author of Zero Hour, about Harry's optimism about our economy, the impact the high end real estate softening is going to have on all of the housing sector, why demographics are NOT looking good for China and other Asian countries, and more.

Key Takeaways:

[4:54] Farewell to Jack Bogle, you need to read his books if you haven't yet

[7:59] Be wary when listening to people telling you about ways they can "help" you while investing and make sure you figure out if it's really worth doing

Harry Dent Interview:

[12:49] Why is Harry more optimistic about our future than usual?

[17:23] People in San Francisco hate big tech companies like Google because they're driving up costs beyond reason

[19:48] The high end housing market is already softening, but how far down will the slowdown trickle?

[25:20] China's demographics have them looking straight into a disaster

[29:59] The hottest coming sector for the next 10-15 years in the US

[32:50] There are 2 waves of Millennials and the 2nd hasn't entered the workforce yet

Websites:

www.JasonHartman.com/Masters

www.HarryDent.com