Creating Wealth Real Estate Investing with Jason Hartman

Today's Flash Back Friday comes from Episode 571, originally published in September 2015.

Welcome to episode 571 of Creating Wealth Real Estate Investing. If you're here it's because you're interested in creating or growing your wealth through real estate investing. And today's episode is the perfect vehicle to help you do that.

One of our experts, Joe, joins us to give the down and dirty details of what it takes to get the best financing deal and the specifications you need to qualify for up to 20 properties. We also talk about whether or not you need an attorney to close a loan, the differences between technical refinancing and cash out refinancing as well as how many months' of reserves you need.

This is expert advice free of charge! And it's all here on today's episode of Creating Wealth Real Estate Investing.

Quick answers in the lightning round to all of the most important financing questions. We dig in and ask prudent questions of Joe our financing guru. If you are looking to create your wealth through real estate investments this is the episode for you. Down and dirty details of what it takes to get the best financing deal and the specifications you need to qualify for up to 20 properties. Expert advice free of charge!

Key Takeaways:

Jason's Editorial:

[1:23] Lender Lightning Round show

[1:58] The great Facebook debate

[4:29] Commandment #3 - Thou shalt maintain control

[9:28] Ric Edelman's - 10 great reasons to keep a long term mortgage and never pay it off

[11:07] The supply chain of financial advisors

[15:40] It's an amazing time to be alive

[16:18] The Chinese Government makes it easier to buy overseas assets

[18:40] Newport Rhode Island trip for Venture Alliance members and guests

Lightning Round:

[21:30] Inflation induced debt destruction

[22:15] Financing 10 properties per spouse through Fannie Mae

[22:53] Down payments vary - 5% down reduces your rate

[23:43] Financing through an LLC

[24:24] 1 loan, 1 property with vanilla residential financing

[25:45] Multiple inquiries about your credit score can lower it over time

[27:00] A LLC needs different insurance

[27:47] Is a power of attorney be sufficient to close the loan

[28:29] An attorney is not needed to close the loan

[29:57] A 2 year landlord history - Fannie Mae no, Freddie Mac yes

[30:56] The minimum credit score is 620 for the first 4 properties, 720 for 5-10

[31:50] Cash out refinancing on investment properties

[33:05] You can always finance your primary residence but different guidelines may apply

[34:21] Lenders need 6 months of reserves

[35:37] Offsetting the mortgage payment based on possible rental income

[37:42] Rental income loss

[38:38] Technical refinance or delayed financing

[40:22] 100% replacement cost needed in homeowners insurance

[44:37] Do your due diligence but beware of multiple credit checks

Website:

www.JasonHartman.com/Properties

Fruitcake Fraud

Today's episode features Jason Hartman covering a wide range of issues. The topic of conversation ranges from the coming singularity, what it is, when we might see it, etc, then branches into more on the discussion about Automated Valuation Models (AVMs) and whether they're are the precursor to reckless valuations like we saw before the Great Recession.

Jason also looks at the unfortunate situation Venezuela finds them in, with both rampant inflation and a natural disaster on top of it creating serious issues for the citizens of the nation.

And finally Jason listens to some of his favorite investigative journalists work as he discusses why investigative jouralism is important and how it is connected to his 3 guiding principles.

Key Takeaways:

[3:07] The approaching singularity

[7:47] The database Jason was wondering about in relation to Automated Valuation Models exists with Fannie Mae/Freddie Mac

[10:05] Appraisers are a dying industry because the older ones are retiring and the hoops new appraisers have to jump through are hindering new hires

[11:45] Will AVMs cause reckless valuations to return?

[14:11] The IMF has announced that inflation in Venezuela this year alone has been 1,000,000%

[17:07] Asset price inflation is not a part of the inflation index in the USA, which is a big deal

[22:17] The 2 major problems of the humble single family home

[26:11] Investigative journalisms ties to Jason's principles of how you can't hear the dogs that don't bark, compared to what, and what gets rewarded get repeated

Website:

Profits in Paradise

Jason Hartman's Alexa News Briefing

The PropertyCast

John Stossel

Today's episode features Jason Hartman covering a wide range of issues. The topic of conversation ranges from the coming singularity, what it is, when we might see it, etc, then branches into more on the discussion about Automated Valuation Models (AVMs) and whether they're are the precursor to reckless valuations like we saw before the Great Recession.

Jason also looks at the unfortunate situation Venezuela finds them in, with both rampant inflation and a natural disaster on top of it creating serious issues for the citizens of the nation.

And finally Jason listens to some of his favorite investigative journalists work as he discusses why investigative jouralism is important and how it is connected to his 3 guiding principles.

Key Takeaways:

[3:07] The approaching singularity

[7:47] The database Jason was wondering about in relation to Automated Valuation Models exists with Fannie Mae/Freddie Mac

[10:05] Appraisers are a dying industry because the older ones are retiring and the hoops new appraisers have to jump through are hindering new hires

[11:45] Will AVMs cause reckless valuations to return?

[14:11] The IMF has announced that inflation in Venezuela this year alone has been 1,000,000%

[17:07] Asset price inflation is not a part of the inflation index in the USA, which is a big deal

[22:17] The 2 major problems of the humble single family home

[26:11] Investigative journalisms ties to Jason's principles of how you can't hear the dogs that don't bark, compared to what, and what gets rewarded get repeated

Website:

Profits in Paradise

Jason Hartman's Alexa News Briefing

The PropertyCast

John Stossel

Today's episode features Jason Hartman covering a wide range of issues. The topic of conversation ranges from the coming singularity, what it is, when we might see it, etc, then branches into more on the discussion about Automated Valuation Models (AVMs) and whether they're are the precursor to reckless valuations like we saw before the Great Recession.

Jason also looks at the unfortunate situation Venezuela finds them in, with both rampant inflation and a natural disaster on top of it creating serious issues for the citizens of the nation.

And finally Jason listens to some of his favorite investigative journalists work as he discusses why investigative jouralism is important and how it is connected to his 3 guiding principles.

Key Takeaways:

[3:07] The approaching singularity

[7:47] The database Jason was wondering about in relation to Automated Valuation Models exists with Fannie Mae/Freddie Mac

[10:05] Appraisers are a dying industry because the older ones are retiring and the hoops new appraisers have to jump through are hindering new hires

[11:45] Will AVMs cause reckless valuations to return?

[14:11] The IMF has announced that inflation in Venezuela this year alone has been 1,000,000%

[17:07] Asset price inflation is not a part of the inflation index in the USA, which is a big deal

[22:17] The 2 major problems of the humble single family home

[26:11] Investigative journalisms ties to Jason's principles of how you can't hear the dogs that don't bark, compared to what, and what gets rewarded get repeated

Website:

Profits in Paradise

Jason Hartman's Alexa News Briefing

The PropertyCast

John Stossel

Jason Hartman welcomes his mom back to the show to discuss self managing properties and how to find the best deals when you have to make repairs. The two also talk about what kinds of addendum she's adding to leases recently, rising rents, job numbers and more.

Key Takeaways:

[2:12] Small business confidence at 35 year high

[5:38] Job numbers are not showing an impact from the trade wars

[8:14] There's legitimate wage growth for the first time in 4 decades, which is great for all Americans (and our economy)

[10:33] Jason's mom has been able to raise 4 of her tenants rent by $100 a month

[13:03] Have tenants have changed over the years?

[16:10] How his mom gets good deals and aligns the tenants interest with her own

[20:12] "You get what you pay for" is not true for much (if anything) in life

[24:14] The kinds of clauses Jason's mom is putting in her leases to protect herself from unruly tenants

[29:24] How to build a great relationship with your tenants

Website:

www.JasonHartman.com/Properties

www.Zumper.com

Jason Hartman welcomes his mom back to the show to discuss self managing properties and how to find the best deals when you have to make repairs. The two also talk about what kinds of addendum she's adding to leases recently, rising rents, job numbers and more.

Key Takeaways:

[2:12] Small business confidence at 35 year high

[5:38] Job numbers are not showing an impact from the trade wars

[8:14] There's legitimate wage growth for the first time in 4 decades, which is great for all Americans (and our economy)

[10:33] Jason's mom has been able to raise 4 of her tenants rent by $100 a month

[13:03] Have tenants have changed over the years?

[16:10] How his mom gets good deals and aligns the tenants interest with her own

[20:12] "You get what you pay for" is not true for much (if anything) in life

[24:14] The kinds of clauses Jason's mom is putting in her leases to protect herself from unruly tenants

[29:24] How to build a great relationship with your tenants

Website:

www.JasonHartman.com/Properties

www.Zumper.com

Jason Hartman welcomes his mom back to the show to discuss self managing properties and how to find the best deals when you have to make repairs. The two also talk about what kinds of addendum she's adding to leases recently, rising rents, job numbers and more.

Key Takeaways:

[2:12] Small business confidence at 35 year high

[5:38] Job numbers are not showing an impact from the trade wars

[8:14] There's legitimate wage growth for the first time in 4 decades, which is great for all Americans (and our economy)

[10:33] Jason's mom has been able to raise 4 of her tenants rent by $100 a month

[13:03] Have tenants have changed over the years?

[16:10] How his mom gets good deals and aligns the tenants interest with her own

[20:12] "You get what you pay for" is not true for much (if anything) in life

[24:14] The kinds of clauses Jason's mom is putting in her leases to protect herself from unruly tenants

[29:24] How to build a great relationship with your tenants

Website:

www.JasonHartman.com/Properties

www.Zumper.com

Today's Flash Back Friday comes from Episode 568, originally published in September 2015.

The sharing economy will certainly change the game in the manufacturing sector but we do not yet know what affect it will have. Considering the normal adaptation lag time and the conversion nuances of each new innovation real estate investors must watch closely as the upcoming game changers come to fruition. Major economic indicators such as unemployment rates and the housing market will be closely monitored. Real estate investing may be entirely different than it is today. 

Key Takeaways:

[2:01] How real estate investors can design their portfolios in the current govt. environment 

[3:24] 3 Cardinal rules of real estate - Location, location, location

[3:57] What is the labor content fallacy or the zero sum game

[5:11] Proving Supply side economics or trickle down economics

[6:25] Looking at economics by way of technology 

[8:09] The self driving cars will hurt high value land owners

[9:06] An audio clip about self driving cars

[10:41] Automotive Industry experts expect an 8 year replacement cycle

[11:28] The average car is used only 4% of the time 

[12:45] How will autonomous driving services affect the auto industry

[14:38] A game changer for real estate

[15:33] Naresh is skeptical about the dates

[18:00] The typical city or town is 40% parking 

[19:11] Will people need to get in a car and go to work

[21:36] A safety app 

[22:34] Will there be high unemployment or will technology fill in the gaps

[25:21] Digital goods basically exhibit a zero cost of production 

[28:01] Real estate investors normally don’t consider what the future may hold

[29:25] Jason’s private mastermind group, Venture Alliance’s Newport Rhode Island trip 

Mentions:

Walk me home app

Medium

WhatsApp

JasonHartman.com

Venture Alliance Mastermind

Today's Flash Back Friday comes from Episode 568, originally published in September 2015.

The sharing economy will certainly change the game in the manufacturing sector but we do not yet know what affect it will have. Considering the normal adaptation lag time and the conversion nuances of each new innovation real estate investors must watch closely as the upcoming game changers come to fruition. Major economic indicators such as unemployment rates and the housing market will be closely monitored. Real estate investing may be entirely different than it is today. 

Key Takeaways:

[2:01] How real estate investors can design their portfolios in the current govt. environment 

[3:24] 3 Cardinal rules of real estate - Location, location, location

[3:57] What is the labor content fallacy or the zero sum game

[5:11] Proving Supply side economics or trickle down economics

[6:25] Looking at economics by way of technology 

[8:09] The self driving cars will hurt high value land owners

[9:06] An audio clip about self driving cars

[10:41] Automotive Industry experts expect an 8 year replacement cycle

[11:28] The average car is used only 4% of the time 

[12:45] How will autonomous driving services affect the auto industry

[14:38] A game changer for real estate

[15:33] Naresh is skeptical about the dates

[18:00] The typical city or town is 40% parking 

[19:11] Will people need to get in a car and go to work

[21:36] A safety app 

[22:34] Will there be high unemployment or will technology fill in the gaps

[25:21] Digital goods basically exhibit a zero cost of production 

[28:01] Real estate investors normally don’t consider what the future may hold

[29:25] Jason’s private mastermind group, Venture Alliance’s Newport Rhode Island trip 

Mentions:

Walk me home app

Medium

WhatsApp

JasonHartman.com

Venture Alliance Mastermind

Today's Flash Back Friday comes from Episode 568, originally published in September 2015.

The sharing economy will certainly change the game in the manufacturing sector but we do not yet know what affect it will have. Considering the normal adaptation lag time and the conversion nuances of each new innovation real estate investors must watch closely as the upcoming game changers come to fruition. Major economic indicators such as unemployment rates and the housing market will be closely monitored. Real estate investing may be entirely different than it is today.

Key Takeaways:

[2:01] How real estate investors can design their portfolios in the current govt. environment

[3:24] 3 Cardinal rules of real estate - Location, location, location

[3:57] What is the labor content fallacy or the zero sum game

[5:11] Proving Supply side economics or trickle down economics

[6:25] Looking at economics by way of technology

[8:09] The self driving cars will hurt high value land owners

[9:06] An audio clip about self driving cars

[10:41] Automotive Industry experts expect an 8 year replacement cycle

[11:28] The average car is used only 4% of the time

[12:45] How will autonomous driving services affect the auto industry

[14:38] A game changer for real estate

[15:33] Naresh is skeptical about the dates

[18:00] The typical city or town is 40% parking

[19:11] Will people need to get in a car and go to work

[21:36] A safety app

[22:34] Will there be high unemployment or will technology fill in the gaps

[25:21] Digital goods basically exhibit a zero cost of production

[28:01] Real estate investors normally don't consider what the future may hold

[29:25] Jason's private mastermind group, Venture Alliance's Newport Rhode Island trip

Mentions:

Walk me home app

Medium

WhatsApp

JasonHartman.com

Venture Alliance Mastermind