Creating Wealth Real Estate Investing & Income Property

Originally aired on CW 267.

Despite the grim, doom-and-gloom events occurring in our world today, emerging technologies will make it possible to overcome challenges and bring about significant abundance. Jason Hartman interviews Steven Kotler, co-author of the book, “Abundance,” also co-authored by Peter Diamandis.

Steven talks about the four forces bringing about abundance, explaining how improvements and new developments in communication technology have already brought many people around the globe out of poverty by bringing more and more brilliant minds online. Medical technology advances will make it possible to diagnose illnesses and disease from home, without incurring the costs of physician and lab fees. People may soon be able to pick IBM’s supercomputer Watson’s brain online for free. There have been huge advancements in online education technologies.

Jason is in the big apple, New York City, for this 10th episode show. He is definitely not looking for income properties as the Hartman Risk Evaluator said there were no good rent-to-value ratios to be found there.  

 

Jason’s welcomes author William Poundstone to tell us about his new book, Head in the Cloud: Why Knowing Things Still Matters When Facts are So Easy to Look Up. Mr. Poundstone is also the author of the New York Times best-selling books, Fortune's Formula: The Untold Story of Scientific Betting System that Beat the Casinos and Wall Street, Priceless: The Myth of Fair Value and How to Take Advantage of It and Gaming the Vote: Why Elections Aren't Fair and What We Can Do About it.

Key Takeaways:

[04:11] Income property is the 'ideal' multi-dimensional asset class but there are others.

[07:28] Corporate raiders would creatively acquire a company and part it out akin to income property investors today.

[12:29] The upcoming Venture Alliance Mastermind in Chicago includes an appearance by Mish Shedlock.

 

William Poundstone Interview:

 

[17:22] William explains the premise of his latest book, Head in the Cloud.

[21:13] Having a general knowledge of baseline facts and the Dunning-Kruger effect have humbling assets.

[23:38] The larger a person's vocabulary is akin to their ability to think.

[27:22] How does America stack up on the map of ignorance?

[29:53] Americans will vote for judges with less ethnic sounding names if they don't know the candidates.

[36:01] The Kelly Formula informs a user of the optimal amount you should be putting on each bet or investment.

Jason is in the big apple, New York City, for this 10th episode show. He is definitely not looking for income properties as the Hartman Risk Evaluator said there were no good rent-to-value ratios to be found there.  

 

Jason’s welcomes author William Poundstone to tell us about his new book, Head in the Cloud: Why Knowing Things Still Matters When Facts are So Easy to Look Up. Mr. Poundstone is also the author of the New York Times best-selling books, Fortune's Formula: The Untold Story of Scientific Betting System that Beat the Casinos and Wall Street, Priceless: The Myth of Fair Value and How to Take Advantage of It and Gaming the Vote: Why Elections Aren't Fair and What We Can Do About it.

Key Takeaways:

[04:11] Income property is the 'ideal' multi-dimensional asset class but there are others.

[07:28] Corporate raiders would creatively acquire a company and part it out akin to income property investors today.

[12:29] The upcoming Venture Alliance Mastermind in Chicago includes an appearance by Mish Shedlock.

 

William Poundstone Interview:

 

[17:22] William explains the premise of his latest book, Head in the Cloud.

[21:13] Having a general knowledge of baseline facts and the Dunning-Kruger effect have humbling assets.

[23:38] The larger a person's vocabulary is akin to their ability to think.

[27:22] How does America stack up on the map of ignorance?

[29:53] Americans will vote for judges with less ethnic sounding names if they don't know the candidates.

[36:01] The Kelly Formula informs a user of the optimal amount you should be putting on each bet or investment.

Jason and guest, Bob Filner take part in a jovial tete-a-tete about the Trump Administration, how  the remiss government regulators are towards financial institutions and the reinvention of the democratic party. As the former House Committee Chairman on Veteran’s Affairs, Bob Filner tackled Jamie Dimon and JP Morgan by threatening to press charges for their unethical treatment of military personnel by foreclosing on their mortgage loans. Mr. Filner was also the Mayor of San Diego and this interview comes on the heels of the release of his new book, Trumping Trump: Making Democrats Progressive Again.

[03:18] Retargeting keeps people in a perpetual state of stale.

[14:44] The Venture Alliance Mastermind and the Oklahoma JHU Live and Property Tour will include the micro and macro benefits to income property investing.

 

Bob Filner Interview:

[17:51] Bob Filner shares the purpose behind his book, Trumping Trump.

[20:19] Will the Tobin tax discourage trading and betting on non-asset based investments?

[23:13] Bob would like to rebrand the democratic party as the party of the working people.

[25:11] Bob threatened Jamie Dimon and JPMorgan for foreclosing on military personnel's home while they were serving in active duty.

[31:13] It is pathetic how easily you can buy justice.

[32:05] Does the financial system need less or more regulation?

[42:14] The problem with the Trump administration as Bob Filner sees it.

[47:20] Trump's policies could have a devastating affect on the US economy.

[49:16] What benefits the American worker more jobs and higher pay or low cost imported goods?  

Renter’s Warehouse - Get 3 free months of property management with this link.

Jason Hartman

Jason and guest, Bob Filner take part in a jovial tete-a-tete about the Trump Administration, how  the remiss government regulators are towards financial institutions and the reinvention of the democratic party. As the former House Committee Chairman on Veteran’s Affairs, Bob Filner tackled Jamie Dimon and JP Morgan by threatening to press charges for their unethical treatment of military personnel by foreclosing on their mortgage loans. Mr. Filner was also the Mayor of San Diego and this interview comes on the heels of the release of his new book, Trumping Trump: Making Democrats Progressive Again.

[03:18] Retargeting keeps people in a perpetual state of stale.

[14:44] The Venture Alliance Mastermind and the Oklahoma JHU Live and Property Tour will include the micro and macro benefits to income property investing.

 

Bob Filner Interview:

[17:51] Bob Filner shares the purpose behind his book, Trumping Trump.

[20:19] Will the Tobin tax discourage trading and betting on non-asset based investments?

[23:13] Bob would like to rebrand the democratic party as the party of the working people.

[25:11] Bob threatened Jamie Dimon and JPMorgan for foreclosing on military personnel's home while they were serving in active duty.

[31:13] It is pathetic how easily you can buy justice.

[32:05] Does the financial system need less or more regulation?

[42:14] The problem with the Trump administration as Bob Filner sees it.

[47:20] Trump's policies could have a devastating affect on the US economy.

[49:16] What benefits the American worker more jobs and higher pay or low cost imported goods?  

Renter’s Warehouse - Get 3 free months of property management with this link.

Jason Hartman

Originally aired on CW 536.

The debt crisis in Greece is proof that Socialism doesn’t work. Can you imagine camping out in front of an ATM only to be turned away? We need to be responsible. Socialism has never worked. Investing in long term, stable rental properties is the proper way to create and grow wealth. Make a decision on a material fact with us. Should the family have been notified about a stalker before they bought a house? And we go way back to the 1970’s when Jimmy Carter warned that the world’s oil was almost gone and the U.S. should invest in new technologies. Is the oil gone and do new energy sources have environmental sins of their own?

Originally aired on CW 536.

The debt crisis in Greece is proof that Socialism doesn’t work. Can you imagine camping out in front of an ATM only to be turned away? We need to be responsible. Socialism has never worked. Investing in long term, stable rental properties is the proper way to create and grow wealth. Make a decision on a material fact with us. Should the family have been notified about a stalker before they bought a house? And we go way back to the 1970’s when Jimmy Carter warned that the world’s oil was almost gone and the U.S. should invest in new technologies. Is the oil gone and do new energy sources have environmental sins of their own?

This episode is very telling about the current and future state of the current US economy. Jason welcomes Tempo Funding Managing Director Mike Zlotnik to the show to discuss the what factors gave rise to and will ultimately tank the economy. As listeners to this program, you know real estate is the best class to hedge against inflation but if you also invest with institutional investors it may be time to fold your hand and become your own decision maker.

The Oklahoma City JHU Live event and Property Tour also includes a special panel of experts who will share their stories and answer your questions.

Key Takeaways:

[03:30] Yield rate and Cap rate compression defined.

[08:01] After the 2008 crash the deal flow was abundant.

[10:04] Institutional investors get rewarded for deploying capital, not finding the best deal.

[15:04] Inflation is here and markets are softening.

[20:44] Stagflation is a bizarre scenario but it is likely to happen.

[29:19] Investors must prepare for the worst-case scenario.

[30:51] Tempo Funding provides short and long-term hard money lending.

Mentioned in This Episode:

Renter’s Warehouse - Get 3 free months of property management with this link.

Jason Hartman

Venture Alliance Mastermind

Rent Control Movie

Tempo Funding

This episode is very telling about the current and future state of the current US economy. Jason welcomes Tempo Funding Managing Director Mike Zlotnik to the show to discuss the what factors gave rise to and will ultimately tank the economy. As listeners to this program, you know real estate is the best class to hedge against inflation but if you also invest with institutional investors it may be time to fold your hand and become your own decision maker.

The Oklahoma City JHU Live event and Property Tour also includes a special panel of experts who will share their stories and answer your questions.

Key Takeaways:

[03:30] Yield rate and Cap rate compression defined.

[08:01] After the 2008 crash the deal flow was abundant.

[10:04] Institutional investors get rewarded for deploying capital, not finding the best deal.

[15:04] Inflation is here and markets are softening.

[20:44] Stagflation is a bizarre scenario but it is likely to happen.

[29:19] Investors must prepare for the worst-case scenario.

[30:51] Tempo Funding provides short and long-term hard money lending.

Mentioned in This Episode:

Renter’s Warehouse - Get 3 free months of property management with this link.

Jason Hartman

Venture Alliance Mastermind

Rent Control Movie

Tempo Funding

Jason welcomes fellow investor and client Gary Pinkerton back to the show. Gary describes his experiences with tenant turnover, how he reduces costs by using durable replacement materials and some preventative measures he uses to ensure tenants are satisfied in his properties. Gary and Jason also discuss the benefits of two-year leases with built-in rent increases and how immersing yourself in the investor culture (by attending Venture Alliance and JHU’s) can make you the best investor you can be.

 

Visit JasonHartman.com to sign up for July’s  Oklahoma Property Tour and Jason Hartman University event and join the Venture Alliance to attend the upcoming Mastermind in Chicago.

Key Takeaways:

[02:08] Free market economics makes America is the land of abundance.

[06:30] How to reduce "tenant turn" without spending a lot of money with Gary Pinkerton.

[12:32] Two-year leases with built in rent increases.

[14:27] Management companies commonly keep late fees much like a payday loan business.

[20:09] How to minimize the cost of tenant turnover and make your property durable.

[27:11] A service like Home Advisor is an inexpensive way to self-manage.

[34:45] Gary will attend the Venture Alliance in Mastermind in Chicago and JHU and Property tour in Oklahoma.

Mentioned in This Episode:

Renter’s Warehouse - Get 3 free months of property management with this link.

Jason Hartman

Home Advisor

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