Creating Wealth Real Estate Investing & Income Property

Jason Hartman and investment counselor Carrie take a look back at Meet the Masters 2018. The two discuss some of their big takeaways from the weekend, including property management tips, mortgage sequencing, internal and external threats, and lending practices.

Key Takeaways:

[5:48] The Local Market Specialists gave some good insight into their markets

[9:56] Journey Captured was worth the expense

[13:09] A little tension in your relationship with your property manager is a healthy thing

[16:17] Sometimes you have to take leadership, even if you have a property manager

[20:48] The amazing statistic of mortgage sensitivity

[23:21] You have to understand the difference between internal and external threats, and the first step in asset protection

[29:15] The strategy in borrowing and why Jason likes the lenders in his network

Website:

www.JasonHartman.com/Properties

The 20th Meet the Masters of Income Property is in the books! Thanks to all who came to this amazing event to learn and expand your network. It was truly an awesome event thanks to the speakers and the guests.

Listen in on some clips of our speakers from the 3rd day. Sunday featured Jason Hartman, Brian Smith (founder of Ugg Boots), Gary Pinkerton, the Moneyball Economist Andrew Zatlin, lender Aaron Chapman, a lender panel with Aaron and Joe, an investment counselor panel, and a Q&A with Jason's mom and aunt!

Enjoy this wrap-up and we hope to see you at the next Meet the Masters.

Key Takeaways:

[3:10] Brian Smith

[8:35] Gary Pinkerton

[14:23] Andrew Zatlin

[20:00] Aaron Chapman

[25:08] Lender panel

[33:32] Jason Hartman

[42:18] Investment Counselor panel

[44:00] Joyce & Aunt Joan

[46:57] The reluctant investor lament

Website:

www.JasonHartman.com/Properties

The second day of Meet the Masters is in the books, and what a

day it was!

Jason Hartman kicked off the day with a brief talk about the

ulimate investing equation, then we heard from Dr. Ron Paul,

Garrett Sutton, John Burns, Ken McElroy, Ryan Schellhous, the

local market specialists, and Danielle DiMartino-Booth.

Listen in as these great minds share their insights about real

estate, liberty, and the markets with you.

Key Takeaways:

[1:05] Jason Hartman

[5:16] Congressman Dr. Ron Paul

[13:40] Garrett Sutton

[18:45] John Burns

[22:16] Ken McElroy

[28:00] Ryan Schellhous

[33:56] Danielle DiMartino-Booth

Website:

www.JasonHartman.com/Properties

The first day of Meet the Masters has concluded, with an amazing, jam-packed day of presentations and panel discussions. Get a taste of the day with these snippets from some of our speakers and panel members.

Hear Jason's views on mortgage increases and ownership rates, Quad Cities demographic breakdown, Pat Donohoe's Human Capital Statement, lender insights into down payment and getting loans

for a non-working spouse, getting insurance in Florida, the dynamics of the Memphis market, important questions to ask your turnkey providers, home buying tendencies and more in this wrap-up of the first day!

Website:

www.JasonHartman.com/Properties

Today's Flash Back Friday comes from Episode 610, originally published in December 2015.

Garrett Sutton introduces us to the topic of asset protection. We talk about his new book and strategies for protecting your assets.

During the guest interview, Emily Filloramo helps us to unlock the fear and shame which may be holding us back from being the best we can be. She describes how childhood traumas may have a lasting effect in our business and personal lives. We need to recognize our negative self-talk and analyze our personal protective systems.

Key Takeaways:

Garrett Sutton Intro:

[2:23] Asset protection advice from someone who knows the business

[4:09] The State of California is the worst place to do business in the U.S.

[7:11] What is your asset protection strategy?

[10:16] Garrett has 10 books including 6 in the Rich Dad Advisor series and his new book

Emily Filloramo Guest Interview:

[17:27] Going deeper to identify the part of you which is afraid of success

[18:52] People live through a mask especially in their 20’s and 30’s

[25:18] Understanding psycho-spiritual healing

[28:44] Is it safe for you to reach a goal is a question which identifies negative self-talk

[36:36] Analyzing your protective system

Mentions:

Finance your own Business - Garrett Sutton

Jason Hartman

How to Permanently Erase Negative Self-Talk So You Can Be Extraordinary

Be More Extraordinary

Jason starts today's show with some final notes about Meet the Masters. There's some things you need to know in regards to availability after the event, and social media opportunities at the event.

Then Jason 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:

Jason Intro:

[9:22] Jason will no longer call California the "Socialist Republic of California", but Californians have one person they really need to lean on for relief

Barry Habib Interview:

[14:18] Is Barry still bullish the US real estate market?

[18:23] The power of leverage, when a 6% return can dwarf 20%

[22:12] The interest you pay for your house goes to the lender, but the principle is STILL YOUR MONEY

[24:37] How much Barry expects mortgage rates to rise in 2018, and how it impact appreciation

[25:42] Why aren't people taking the mortgage tax deduction?

[27:23] The bullish sentiment is the highest it's been in about 20 years

[31:33] How Roe v Wade led to a housing bubble

Website:

www.MBSHighway.com

"Builders are not keeping up with household formations and household formations are going to continue to rise"

"The mortgage paydown should be considered positive cash flow, that's really what it is"

Jason kicks off the episode talking with someone who's about to set a new standard at the Meet the Masters conference this weekend. Journey Captured, a Journey tribute band, will be performing Saturday night at the first ever Meet the Masters Concert. Jason talks with Bass player Giorgio Tupanjanin about his musical training, why he plays Journey, and what to expect at the concert.

Then Jason finishes his client case study with Sue & Gary Pinkerton. This time Sue offers some tips on self-management, the frustratingly fragmented (yet helpful) nature of real estate investing, and why you can't consider anything a passive investment.

Key Takeaways:

Jason Intro:

[1:59] A Journey tribute band will be playing at Meet the Masters

[3:50] Why Journey for a tribute band?

[6:28] Is jazz music one of the most technical styles out there?

[9:51] How Journey found their current lead singer

Pinkerton Case Study:

[15:16] Sue's tips on self-management

[18:52] The fragmented nature of single family real estate investing is frustrating

[22:13] There is NO SUCH THING as a passive investment

Websites:

www.JourneyCaptured.com

Jason starts off today's episode discussing the amazing effect of inflation on assets in all markets. Then he turns his attention toward the upcoming Meet the Masters of Income Property event and gives a little taste of what he'll be discussing (hint: core beliefs investors need to have), as well as why there will be a whole host of Local Market Specialists at the event.

Then Jason goes into the first part of 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. Part 2 will be aired tomorrow.

Key Takeaways:

Jason Intro:

[3:26] Apple's new code release for their old Lisa computer technology, which would have been a $24,700 desktop today, which shows the power of inflation

[6:26] Jason will be discussing the core beliefs that we all need to have as investors at Meet the Masters

[8:26] What Gary fails to mention at the start of his client case study

Gary & Sue Pinkerton Client Case Study:

[17:15] Gary & Sue's first property did NOT start off well

[22:05] It's crucial to listen to your wife's intuition

[25:57] How Gary & Sue decided to split up their mortgages and why

[29:06] Why Gary & Sue picked the markets they're in today

Websites:

www.JasonHartman.com/Properties

Today's Flash Back Friday is from Episode 638, originally published in February 2016.

This is a great episode for anyone you know who is just starting out in investing. It leaves little doubt that investing in income properties with a buy and hold strategy is the way to gain wealth. Jason describes the basics to Brian Bain, a stock market investor, and fellow podcaster. He shares examples of how 30-year mortgages on single family homes are a not only a multi-dimensional asset class but also a tax write-off. If you want to hear a concise, easy to understand overview of how to make money in the complicated U.S. financial market, this is the show for you.

Key Takeaways:

Jason’s Editorial:

[3:21] Investors must align their interests with Central Bankers

[7:22] Arbitrage – Exploiting the differences in things as a real estate investor

[11:56] Vacation rental properties in the Orlando market, yes or no?

Brian Bain interviews Jason for his “Investor in the Family” podcast:

[17:15] His story – Jason started in real estate when he was just a teenager

[23:36] Income property is a multi-dimensional asset class and a tax write-off

[27:46] A lender cannot sue you if you have a non-recourse loan on a property

[31:40] 6 ways the government will deal with underfunded entitlement programs

[35:10] Investors should align their interests with governments and banks

[40:00] An example of how thousands of people gained wealth from single family homes

[49:21] Anything without income is not really an investment

[51:07] Long term investments are definitely the way to invest your money

Mentions:

www.investorinthefamily.com

Jason kicks off the show with a reminder for Meet the Masters, along with some quick tips for property owners about pet rent, your property manager, and running the numbers before purchasing your property. 

Then Jason 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:

Jason Intro:

[5:05] A quick tip on pet rent

[7:58] Pay attention to your property managers

[9:37] Look beyond cash flow when evaluating properties to purchase

[11:37] Returns shrink as markets become more sophisticated

[13:28] Get some good photos of your home right when you purchase

John Burns Interview:

[17:36] Amazon's search for a second headquarter location, and where John thinks it will be

[20:19] How John classifies markets

[22:48] 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

[24:17] The world is shifting more toward suburban apartments, being driven by local money

[26:53] The definition of "surban"

[32:00] The nickname for those born in the 1980s is "the sharers"

[35:01] The impact of autonomous cars

Websites:

www.RealEstateConsulting.com