Creating Wealth Real Estate Investing with Jason Hartman

Today's Flash Back Friday comes from Episode 854, originally published in July 2017.

In between activities during the Oklahoma City JHU Live event is a great time to record a podcast with new income property investors. David & Gina Nelson share their story of the life-changing decisions that led to investing in real estate with Jason. David & Gina recognized staying in their corporate positions and only investing in the stock market wouldn’t get them where they wanted to be in life.

They convey their appreciation for the transparency and support they have received from the Jason Hartman Investment Counselors and share their advice on how you too can have the diversified financial future you deserve.

[01:40] David & Gina wanted to take control of their lives and build their wealth by investing in income properties.

[06:15] You are never too old or too young to start investing in your future and real estate.

[09:20] The portfolio builder game is a great way to find out what type of investor you are.

[12:03] The Nelson's plan to retire next year and use income property as their wealth vehicle.

[16:59] The value in understanding the linear, hybrid and cyclical markets.

[20:43] David & Gina recommend finding a mentor and listening to podcasts to educate yourself.

Jason Hartman

Venture Alliance Mastermind

Today's Flash Back Friday comes from Episode 854, originally published in July 2017.

In between activities during the Oklahoma City JHU Live event is a great time to record a podcast with new income property investors. David & Gina Nelson share their story of the life-changing decisions that led to investing in real estate with Jason. David & Gina recognized staying in their corporate positions and only investing in the stock market wouldn’t get them where they wanted to be in life.

They convey their appreciation for the transparency and support they have received from the Jason Hartman Investment Counselors and share their advice on how you too can have the diversified financial future you deserve.

[01:40] David & Gina wanted to take control of their lives and build their wealth by investing in income properties.

[06:15] You are never too old or too young to start investing in your future and real estate.

[09:20] The portfolio builder game is a great way to find out what type of investor you are.

[12:03] The Nelson's plan to retire next year and use income property as their wealth vehicle.

[16:59] The value in understanding the linear, hybrid and cyclical markets.

[20:43] David & Gina recommend finding a mentor and listening to podcasts to educate yourself.

Jason Hartman

Venture Alliance Mastermind

Jason Hartman kicks off this 10th episode discussing the furthering trend of people fleeing high tax places like California and New York to tax favorable places such as Florida. It's becoming a more and more common thing and states need to understand this before they run into even more fiscal difficulties.

Then Jason goes off topic with client Rabbi Evan Moffic, author of The Happiness Prayer: Ancient Jewish Wisdom for the Best Way to Live Today. The two discuss why the bible actually promotes wealth (and what we should DO with that wealth), as well as what gives people true happiness.

Key Takeaways:

[2:47] Florida is bringing in billions of dollars as people flee high taxes

[8:45] California is passing laws to increase revenues and are becoming predatory on their citizens

[13:56] There's no starter homes being built, so your properties won't have any new competition

Rabbi Moffic Interview:

[17:26] Human beings are creators, and if you don't get to create you don't usually feel fulfilled

[19:59] Pleasure and happiness are two completely different things

[24:47] Plant a tree whose shade you will never sit under

[27:34] When you're feeling sad the best thing you can do is do something nice for someone else

[31:19] The bible is a pro-wealth product that teaches us to use our wealth to serve others

Website:

www.JasonHartman.com/Properties

www.RabbiMoffic.com

Jason Hartman kicks off this 10th episode discussing the furthering trend of people fleeing high tax places like California and New York to tax favorable places such as Florida. It's becoming a more and more common thing and states need to understand this before they run into even more fiscal difficulties.

Then Jason goes off topic with client Rabbi Evan Moffic, author of The Happiness Prayer: Ancient Jewish Wisdom for the Best Way to Live Today. The two discuss why the bible actually promotes wealth (and what we should DO with that wealth), as well as what gives people true happiness.

Key Takeaways:

[2:47] Florida is bringing in billions of dollars as people flee high taxes

[8:45] California is passing laws to increase revenues and are becoming predatory on their citizens

[13:56] There's no starter homes being built, so your properties won't have any new competition

Rabbi Moffic Interview:

[17:26] Human beings are creators, and if you don't get to create you don't usually feel fulfilled

[19:59] Pleasure and happiness are two completely different things

[24:47] Plant a tree whose shade you will never sit under

[27:34] When you're feeling sad the best thing you can do is do something nice for someone else

[31:19] The bible is a pro-wealth product that teaches us to use our wealth to serve others

Website:

www.JasonHartman.com/Properties

www.RabbiMoffic.com

Jason Hartman kicks off this 10th episode discussing the furthering trend of people fleeing high tax places like California and New York to tax favorable places such as Florida. It's becoming a more and more common thing and states need to understand this before they run into even more fiscal difficulties.

Then Jason goes off topic with client Rabbi Evan Moffic, author of The Happiness Prayer: Ancient Jewish Wisdom for the Best Way to Live Today. The two discuss why the bible actually promotes wealth (and what we should DO with that wealth), as well as what gives people true happiness.

Key Takeaways:

[2:47] Florida is bringing in billions of dollars as people flee high taxes

[8:45] California is passing laws to increase revenues and are becoming predatory on their citizens

[13:56] There's no starter homes being built, so your properties won't have any new competition

Rabbi Moffic Interview:

[17:26] Human beings are creators, and if you don't get to create you don't usually feel fulfilled

[19:59] Pleasure and happiness are two completely different things

[24:47] Plant a tree whose shade you will never sit under

[27:34] When you're feeling sad the best thing you can do is do something nice for someone else

[31:19] The bible is a pro-wealth product that teaches us to use our wealth to serve others

Website:

www.JasonHartman.com/Properties

www.RabbiMoffic.com

Jason Hartman finishes his conversation with investment counselor Doug about real estate and PE ratios. The two discuss the importance of analyzing RV ratios in markets to discover whether a bubble is forming (or might already be formed) but also the dangers of relying strictly on those RV ratios.

Key Takeaways:

[2:38] How to think about Cap Rates

[5:55] Commercial property doesn't have enough risk premium right now

[9:34] Real estate has a lot of embedded risk protection a lot of people don't realize

[15:16] The thing that is going to drive the next housing downturn will be when we see rising mortgage rates

[17:40] The 1% RV is for a turnkey rehab. New construction isn't getting 1% right now

[21:16] When your RV hits .5 you're looking at a bubble

Website:

www.JasonHartman.com/Properties

www.JasonHartman.com/Cruise

Jason Hartman finishes his conversation with investment counselor Doug about real estate and PE ratios. The two discuss the importance of analyzing RV ratios in markets to discover whether a bubble is forming (or might already be formed) but also the dangers of relying strictly on those RV ratios.

Key Takeaways:

[2:38] How to think about Cap Rates

[5:55] Commercial property doesn't have enough risk premium right now

[9:34] Real estate has a lot of embedded risk protection a lot of people don't realize

[15:16] The thing that is going to drive the next housing downturn will be when we see rising mortgage rates

[17:40] The 1% RV is for a turnkey rehab. New construction isn't getting 1% right now

[21:16] When your RV hits .5 you're looking at a bubble

Website:

www.JasonHartman.com/Properties

www.JasonHartman.com/Cruise

Jason Hartman finishes his conversation with investment counselor Doug about real estate and PE ratios. The two discuss the importance of analyzing RV ratios in markets to discover whether a bubble is forming (or might already be formed) but also the dangers of relying strictly on those RV ratios.

Key Takeaways:

[2:38] How to think about Cap Rates

[5:55] Commercial property doesn't have enough risk premium right now

[9:34] Real estate has a lot of embedded risk protection a lot of people don't realize

[15:16] The thing that is going to drive the next housing downturn will be when we see rising mortgage rates

[17:40] The 1% RV is for a turnkey rehab. New construction isn't getting 1% right now

[21:16] When your RV hits .5 you're looking at a bubble

Website:

www.JasonHartman.com/Properties

www.JasonHartman.com/Cruise

Jason Hartman talks with 2 investment counselors in today's episode. First he talks with Adam to discuss the popular BRRR investment model (Buy, Renovate, Rent, Refinance) and why manufactured homes have a bad reputation and why that needs to change.

Then Jason talks with investment counselor Doug about the importance of future expectations when looking at any market, including the real estate market. Just like in the stock market, future expectations drive a lot of value for real estate, especially in cyclical markets. The second half of this conversation will air tomorrow.

Key Takeaways:

[4:13] BRRR proponents don't ever tell you about their tax liabilities or their hunt for a deal

[8:05] We should look upon manufactured homes a lot better than we do right now

[10:43] The online housing kits are currently way more expensive than they pretend to be

[14:38] Doug's experience using Cozy so far

[19:26] You make money in life by adding value

[23:39] When you take the manager out of the equation you can just the property on the property alone

[26:08] The importance of future expectations

[29:53] When expectations decrease it's not just a little drop, it's a spiral

Website:

www.JasonHartman.com/Properties

Jason Hartman talks with 2 investment counselors in today's episode. First he talks with Adam to discuss the popular BRRR investment model (Buy, Renovate, Rent, Refinance) and why manufactured homes have a bad reputation and why that needs to change.

Then Jason talks with investment counselor Doug about the importance of future expectations when looking at any market, including the real estate market. Just like in the stock market, future expectations drive a lot of value for real estate, especially in cyclical markets. The second half of this conversation will air tomorrow.

Key Takeaways:

[4:13] BRRR proponents don't ever tell you about their tax liabilities or their hunt for a deal

[8:05] We should look upon manufactured homes a lot better than we do right now

[10:43] The online housing kits are currently way more expensive than they pretend to be

[14:38] Doug's experience using Cozy so far

[19:26] You make money in life by adding value

[23:39] When you take the manager out of the equation you can just the property on the property alone

[26:08] The importance of future expectations

[29:53] When expectations decrease it's not just a little drop, it's a spiral

Website:

www.JasonHartman.com/Properties