Creating Wealth Real Estate Investing & Income Property

In this 10th episode show, Jason goes off topic but not far off topic as he welcomes Melissa Francis of FOX News and FOX Business to the podcast. Jason & Melissa discuss the disempowerment of the American people through handouts, how the Democrats are now the wealthiest people in government and Melissa’s new book, Lessons from the Prairie: The Surprising Secrets to Happiness, Success and Sometimes Just Survival I Learned on America’s Favorite Show.

Key Takeaways:

[02:35] Lower your tax burden and your cost of living.

[05:30] The Apple Airpod contest will end after this week so submit your questions now.

[07:26] Jesse wants to know what Jason thinks about mobile homes as rentals?

[16:49] Unlike the US, Luxembourg has a National Housing Market.

Melissa Francis Guest Interview:

[21:30] Melissa was an actress until she turned 18 when she went to study Economics at Harvard.

[30:32] Hand-outs disempower the people you are giving them to.

[33:34] Is government the answer or is the government the problem?

Websites:

www.JasonHartman.com

www.MelissaFrancisOfficial.com

www.Twitter.com/MelissaAFrancis

Jason Hartman guides you through his process for how to read a property Pro Forma before you purchase a rental property.

Key Takeaways:

(0:50) Jason introduces Episode #405

(4:07) Jason plays a video on how to read a property pro forma

(16:56) Jason discusses the extremely important financial indicators section

(24:57) Find out more at www.jasonhartman.com!

Links:

www.JasonHartman.com

Jason Hartman guides you through his process for how to read a property Pro Forma before you purchase a rental property.

Key Takeaways:

(0:50) Jason introduces Episode #405

(4:07) Jason plays a video on how to read a property pro forma

(16:56) Jason discusses the extremely important financial indicators section

(24:57) Find out more at www.jasonhartman.com!

Links:

www.JasonHartman.com

Captain Gary Pinkerton joins Jason to share his story of how investing in income property gave him financial freedom and he describes how he used a life insurance policy to fund his investments. Later in the show, Jason and Gary answer listener questions about self-management, markets and taxes received as part of the Apple Airpod contest. 

Key Takeaways:

[01:59] A few things you probably didn’t know about submarines.

[05:09] Gary shares the most important lessons he has learned about income property investing.

[08:50] Leveraging prudent debt and getting credit for the appreciation is a 20% ROI.

[12:47] Gary wanted to go to work and make money on his own terms.

[16:51] Increase the efficiency of your properties by funding them in a different way.

[23:26] Looking at the benefits of using a life insurance policy to fund your investments.

[29:00] Self-managing income properties may give your tenants a better experience so they inhabit your property longer.

[32:23] Juan wants to know how to find the best property management company and how to set up his tax structure.

Websites:

www.JasonHartman.com

www.PropertyTracker.com

www.BeYourBank.com

Captain Gary Pinkerton joins Jason to share his story of how investing in income property gave him financial freedom and he describes how he used a life insurance policy to fund his investments. Later in the show, Jason and Gary answer listener questions about self-management, markets and taxes received as part of the Apple Airpod contest. 

Key Takeaways:

[01:59] A few things you probably didn’t know about submarines.

[05:09] Gary shares the most important lessons he has learned about income property investing.

[08:50] Leveraging prudent debt and getting credit for the appreciation is a 20% ROI.

[12:47] Gary wanted to go to work and make money on his own terms.

[16:51] Increase the efficiency of your properties by funding them in a different way.

[23:26] Looking at the benefits of using a life insurance policy to fund your investments.

[29:00] Self-managing income properties may give your tenants a better experience so they inhabit your property longer.

[32:23] Juan wants to know how to find the best property management company and how to set up his tax structure.

Websites:

www.JasonHartman.com

www.PropertyTracker.com

www.BeYourBank.com

Jason and Gary start things off by answering a client’s question submitted as part of the Airpod contest and then warn against working with companies who do not require inspections and only deal in cash. During the guest interview, Jason asks James Ledbetter about his books One Nation Under Gold and The Great Depression: A Diary. James Ledbetter is the Founding Editor of Slate's financial site, Big Money, Editor of Inc. Magazine and a contributor to Reuters and Time.

Key Takeaways:

[03:29] Captain Gary Pinkerton asks how to know if the person you are doing business with has bad intentions.

[06:37] Red flags to watch out for when making cash deals and dealing with new providers.

[14:46] It's common for lower-end properties to sell for cash.

[16:04] Gary shares a kind word about working with Jason.

[18:28] Hawaii could be the location of the next Creating Wealth Seminar.

James Ledbetter Guest Interview:

[20:27] One Nation Under Gold tells of America's obsession with gold.

[22:10] The Bretton Wood system fixed the value of the dollar to gold

[24:01] Operation 'Goldfinger' was the Johnson administration's attempt at finding more gold.

[29:57] Why do people believe in using gold as a measuring stick?

[34:16] Learning from the past, The Great Depression: A Diary depicts how people made it through the financial disaster.

[36:24] The 500 fastest growing companies will be featured in Inc.'s September issue.

Mentioned in This Episode:

Jason Hartman 

Venture Alliance Mastermind

One Nation Under Gold

Inc. Magazine

Jason and Gary start things off by answering a client’s question submitted as part of the Airpod contest and then warn against working with companies who do not require inspections and only deal in cash. During the guest interview, Jason asks James Ledbetter about his books One Nation Under Gold and The Great Depression: A Diary. James Ledbetter is the Founding Editor of Slate's financial site, Big Money, Editor of Inc. Magazine and a contributor to Reuters and Time.

Key Takeaways:

[03:29] Captain Gary Pinkerton asks how to know if the person you are doing business with has bad intentions.

[06:37] Red flags to watch out for when making cash deals and dealing with new providers.

[14:46] It's common for lower-end properties to sell for cash.

[16:04] Gary shares a kind word about working with Jason.

[18:28] Hawaii could be the location of the next Creating Wealth Seminar.

James Ledbetter Guest Interview:

[20:27] One Nation Under Gold tells of America's obsession with gold.

[22:10] The Bretton Wood system fixed the value of the dollar to gold

[24:01] Operation 'Goldfinger' was the Johnson administration's attempt at finding more gold.

[29:57] Why do people believe in using gold as a measuring stick?

[34:16] Learning from the past, The Great Depression: A Diary depicts how people made it through the financial disaster.

[36:24] The 500 fastest growing companies will be featured in Inc.'s September issue.

Mentioned in This Episode:

Jason Hartman 

Venture Alliance Mastermind

One Nation Under Gold

Inc. Magazine

In this particular episode of Creating Wealth, Jason Hartman is his own guest as he remedies an issue from an earlier episode of the show. 

Available here is a chance to hear his take on the Eight Financial Rules That Apply to Everyone and Their Money, as listed by Business Insider, and a few of his own Commandments. In the second half of the show, Jason finds out about the changing demographics of the United States and questions the consequences on real estate investing, as well as putting some figures and statistics to the eternal question, ‘Can money make you happy?’

In this particular episode of Creating Wealth, Jason Hartman is his own guest as he remedies an issue from an earlier episode of the show. 

Available here is a chance to hear his take on the Eight Financial Rules That Apply to Everyone and Their Money, as listed by Business Insider, and a few of his own Commandments. In the second half of the show, Jason finds out about the changing demographics of the United States and questions the consequences on real estate investing, as well as putting some figures and statistics to the eternal question, ‘Can money make you happy?’

On today’s podcast, Jason answers the question “how much money should new investors have for a down payment and in reserve when investing in a property” and he uses a popular joke as a metaphor to explain the relativity of the real estate market. He explains why human psychology always lags the reals estate market, why raising the minimum wage will only end up hurting the poor and he encourages listeners to leave their questions and comments for a chance to win a pair of Apple Airpods.

Key Takeaways:

[04:50] 'Compared to what?' is the question to ask when looking for an opportunity for your money.

[06:57] The concepts of comparison, scarcity and price discovery.

[10:33] Jason makes the article, Marathon Runner Escapes 2 Bears a metaphor about investments.

[16:08] The minimum wage argument doesn't make any sense when you consider inflation.

[21:51] What is the minimum down payment and reserve fund amount for a new investor?

[24:41] A listener question about what to do with his down payment when no are so few properties are available to purchase.

[32:56] Jason's thoughts on a mobile home park as an asset class.

Mentioned in This Episode:

Venture Alliance Mastermind

http://venturealliancemastermind.com/

Marathon Runner Escapes 2 Bears by Rob Quinn

http://www.newser.com/story/245350/marathon-runner-escapes-2-bears.html