Creating Wealth Real Estate Investing & Income Property

Live events offer investors an opportunity to meet other investors who are successful using the long-term buy and hold strategy, to hear about real life examples of the acquisition process and to learn the tips and tricks which can make an investor’s life easier. This episode is full of useful information which is framed around real client questions including what were Jason’s biggest mistakes.   

 

Key Takeaways:

[11:00] Why did Jason choose real estate for his career of choice?

[13:19] Buy cash flow properties which make financial sense the day you buy them.

[19:35] Should you keep your property managers on a short leash by adding discretionary measures to your contract?

[26:56] What was the biggest mistake Jason made and how did it affect his life?

[34:02] Live events are a loss leader for us but they are beneficial for clients.

[36:18] Phoenix, Arizona is the site of the new event which includes a Q & A panel discussion and a best practices for acquisition example. 

[41:09] What are the top 3 qualities a real estate investor should possess or develop to be successful with the buy and hold strategy?

In this show Jason has a very casual, impromptu (and silly at times) discussion with two of his favorite Investment Counselors, Ari and Sara.  You’ll get a debrief on the last Creating Wealth Boot Camp, some investing insights, a “case study” article from The Financial Freedom Report and hear first hand from one of recent our clients who is creating high ROI in this market.

The next show will feature Jason’s interview with New York Times #1 bestselling author and speaker, Harvey MacKay, as they review his latest book Use Your Head To Get Your Foot In The Door: Job Search Secrets No One Else Will Tell You and some of Harvey’s older works like How To Swim With The Sharks Without Being Eaten Alive.

Jason shares information about credit scores you may not be aware of to assist you in actively managing it. Using his own credit history as an example he explains the terms utilization rate, how installment loans and new credit can negatively impact your score. And later in the show, guest David Daley discusses the subject matter of his new book, Ratf__ked: The True Story Behind the Secret Plan to Steal America’s Democracy.  David is the former editor of the liberal site Salon.com and is the current CEO/Publisher of the Connecticut Mirror, a non-partisan publication.

 

Key Takeaways:

[5:45] Vital information about how to manage your credit score.

[19:06] Jason highlights some positive rankings about existing investment markets.

 

David Daley Guest Interview:

[24:22] Since 2010 Republicans have used Gerrymandering (Operation Redmap) has been used as a partisan weapon.

[30:52] In 2012, the democrats have a big year with the reelection of Obama but Janikowski's genius move limits their voting power.

[33:00] A technology tool named Maptitude includes census data from districts allowing those in control to draw precision lines when redistricting.

[37:42] A House of Representatives

[38:03] The Moneyball of politics is evident at the State level.

[41:23] Republicans are counting on running the government from Congress and the House of Representatives.

[45:27] We need to rethink the way we do election through radical electoral reform.

Mentioned in This Episode:

One of the core concepts that we communicate to our investors is to “Refi Till Ya Die” with your rental property portfolio. While this description may sound a bit snarky, it is a very powerful strategy for multiplying your wealth over the long-term.

The most unique part of this strategy is that it stands in stark contrast to the popular strategy of ‘flipping’ properties by buying and quickly re-selling them for quick profits. The strategy that we recommend is the exact opposite of this. At Platinum Properties, we advocate buying and holding prudent rental properties over a long period of time. This enables investors to build real wealth, instead of constantly churning properties. (And creating taxable gains)

There is another very powerful force behind our strategy of buy and hold investing. That power comes when the rents and value of your property increase over time. Typically, an investment property will start with low cash flow, and will grow in profitability as tenant rents are increased. This increase in revenues carries with it a tremendous tool for growing your wealth.

The way that you employ this tool is to refinance your property for more than your original purchase price, based on the increased cash flow. This will allow you to re-invest the amount of your loan that exceeds the original purchase price. And here comes the kicker . . . these net proceeds are not taxed!!!

One of the core concepts that we communicate to our investors is to “Refi Till Ya Die” with your rental property portfolio. While this description may sound a bit snarky, it is a very powerful strategy for multiplying your wealth over the long-term.

The most unique part of this strategy is that it stands in stark contrast to the popular strategy of ‘flipping’ properties by buying and quickly re-selling them for quick profits. The strategy that we recommend is the exact opposite of this. At Platinum Properties, we advocate buying and holding prudent rental properties over a long period of time. This enables investors to build real wealth, instead of constantly churning properties. (And creating taxable gains)

There is another very powerful force behind our strategy of buy and hold investing. That power comes when the rents and value of your property increase over time. Typically, an investment property will start with low cash flow, and will grow in profitability as tenant rents are increased. This increase in revenues carries with it a tremendous tool for growing your wealth.

The way that you employ this tool is to refinance your property for more than your original purchase price, based on the increased cash flow. This will allow you to re-invest the amount of your loan that exceeds the original purchase price. And here comes the kicker . . . these net proceeds are not taxed!!!

In this interview from 2014, Robert Morrow dishes the dirt on Bill and Hillary Clinton, makes some accusations and a few predictions. He is a co-author of The Clintons’ War on Women and is currently the chairman of the Republican Party in Travis County, Texas. He recounts incidents which accuse Bill Clinton of being a sexual predator, a serial rapist and that he is not Chelsea’s biological father. He claims Hillary is an attention hound who had relationships outside of her marriage and led terror campaigns against the women Bill assaulted.

Key Takeaways:

[3:25] In housing news: Mortgage purchase applications were 23% higher year over year.

[6:25] FINRA survey: Can you pass a basic test on finances?

[20:55] Two events in September - The Venture Alliance weekend and Real Estate Investing Software event.

 

Robert Morrow Guest Interview:

[23:28] The dirty history of the Clintons, Bill and Hillary.

[28:13] How do we know Robert Morrow is telling the truth?

[31:55] Bill Clinton is a sexual predator, serial rapist, and a pervert.

[34:35] Vince Foster was once a trusted advisor who was deeply in love with Hillary. 

[44:07] Robert Morrow predicts Hillary Clinton would not run for President.

[49:11] Contact information for Robert Morrow.

 

Mentioned in This Episode:

Jason Hartman

In this interview from 2014, Robert Morrow dishes the dirt on Bill and Hillary Clinton, makes some accusations and a few predictions. He is a co-author of The Clintons’ War on Women and is currently the chairman of the Republican Party in Travis County, Texas. He recounts incidents which accuse Bill Clinton of being a sexual predator, a serial rapist and that he is not Chelsea’s biological father. He claims Hillary is an attention hound who had relationships outside of her marriage and led terror campaigns against the women Bill assaulted.

Key Takeaways:

[3:25] In housing news: Mortgage purchase applications were 23% higher year over year.

[6:25] FINRA survey: Can you pass a basic test on finances?

[20:55] Two events in September - The Venture Alliance weekend and Real Estate Investing Software event.

 

Robert Morrow Guest Interview:

[23:28] The dirty history of the Clintons, Bill and Hillary.

[28:13] How do we know Robert Morrow is telling the truth?

[31:55] Bill Clinton is a sexual predator, serial rapist, and a pervert.

[34:35] Vince Foster was once a trusted advisor who was deeply in love with Hillary. 

[44:07] Robert Morrow predicts Hillary Clinton would not run for President.

[49:11] Contact information for Robert Morrow.

 

Mentioned in This Episode:

Jason Hartman

Jason shares his 10 Commandments of Successful Investing in this audio recording of his live presentation during the Orlando, Florida Creating Wealth Seminar and Property Tour. He looks back at getting his real estate license at the age of 19 and the decisions he made when he sold his first company. Jason has become a multimillionaire by living by these guidelines and you can too. Income property is the most historically favored asset class. Why gamble your money in stocks and bonds when you can make solid, long-term investments in the US real estate market?

Key Takeaways:

Jason’s Editorial:

[1:55] You need to build a portfolio before you consider protecting your assets and estate planning. 

[12:58] The Denis Waitley poem that changed Jason’s life.

 

The 10 Commandments of Successful Investing Live Presentation:

[16:27] Thou shalt become educated.

[21:40] Seek guidance: Have a team including an investment counselor.

[22:56] Thou shalt maintain control.

[25:30] Thou shalt not gamble.

[27:53] Thou shalt diversify.

[29:54] Be area agnostic.

[31:02] Thou shalt use borrowed money.

[33:42] Thou shalt only invest where there is universal need - Avoid trends. 

[34:35] Purchase tax-favored assets.

Mentioned in This Episode:

Jason Hartman

Hartman Education - Free Garrett Sutton Video

@jhart88 on Voxer

Denis Waitley Creating Wealth Ep. #150

Jason Hartman analyzes the foreclosure market with RealtyTrac Senior Vice President, Rick Sharga. As one of the country’s most frequently-quoted sources on foreclosure, mortgage and real estate trends, Rick has appeared on NBC Nightly News, CNN, CBS, ABC World News, CNBC, MSNBC and NPR. Rick has briefed government organizations such as the Federal Reserve and Senate Banking Committee and corporations like JPMorgan Chase, Citibank and Deutsche Bank on foreclosure trends, and done foreclosure training for Re/Max, Prudential and Keller Williams and other major organizations.

Rick joined RealtyTrac in 2004 as Vice President of Marketing, responsible for the development and management of the company’s brand, public and investor relations. In his current capacity, he also oversees business development and data operations.

Prior to joining RealtyTrac, Rick spent more than 20 years developing corporate and product sales and marketing strategies for corporations such as DuPont, Fujitsu, Hitachi, Toshiba, JD Edwards, Cox Communications and Honeywell. The 2006 Stevie® Award Winner for Best Marketing Executive, Rick began his career with Foote, Cone & Belding, and also held executive positions with Ketchum Communications and McGraw-Hill.

Rick is a member of the National Association of Real Estate Editors, the USFN and REOMAC. He is also President of the Technology Council of Southern California and on the Editorial Advisory Board of Default Servicing News.

Rick spends his spare time working toward a black belt in Tae Kwon Do, and continuing his lifelong quest to find the perfect wine to compliment his BBQ’d baby back ribs.

Jason shares his 10 Commandments of Successful Investing in this audio recording of his live presentation during the Orlando, Florida Creating Wealth Seminar and Property Tour. He looks back at getting his real estate license at the age of 19 and the decisions he made when he sold his first company. Jason has become a multimillionaire by living by these guidelines and you can too. Income property is the most historically favored asset class. Why gamble your money in stocks and bonds when you can make solid, long-term investments in the US real estate market?

Key Takeaways:

Jason’s Editorial:

[1:55] You need to build a portfolio before you consider protecting your assets and estate planning. 

[12:58] The Denis Waitley poem that changed Jason’s life.

 

The 10 Commandments of Successful Investing Live Presentation:

[16:27] Thou shalt become educated.

[21:40] Seek guidance: Have a team including an investment counselor.

[22:56] Thou shalt maintain control.

[25:30] Thou shalt not gamble.

[27:53] Thou shalt diversify.

[29:54] Be area agnostic.

[31:02] Thou shalt use borrowed money.

[33:42] Thou shalt only invest where there is universal need - Avoid trends. 

[34:35] Purchase tax-favored assets.

Mentioned in This Episode:

Jason Hartman

Hartman Education - Free Garrett Sutton Video

@jhart88 on Voxer

Denis Waitley Creating Wealth Ep. #150