Creating Wealth Real Estate Investing with Jason Hartman

As Americans spend beyond their means and abstain from adding to their savings accounts, the demand for rental properties is growing at a phenomenal rate. Jason describes how your past and future investments in income properties will pay dividends for many years to come. And in the market profile, the Macon, Georgia market is dissected and explored. This somewhat undiscovered market ranks #2 out of 20 for highest residential rental returns. We learn the average rental home price in the market, the typical rehab costs and which employers are persuading renters to stay in the area.

 

Key Takeaways:

[3:09] Do not skip the Flashback Friday episodes of the Creating Wealth show. They are hand picked for you.

[5:38] Macon, Georgia and other small markets can be good investments due to a limited inventory available.  

[8:02] Americans are not saving money which makes it a phenomenal time to own rental property.

[9:12] This is how inflation and deflation are directly related to the real estate market.   

 

Macon, Georgia Market Profile with Eric:

[17:00] The Macon, Georgia downtown area has been revitalized in recent years and Mercer University is expanding.

[20:22] Employment opportunities in Macon, Georgia are diverse with both blue and white collar jobs.

[22:38] Typical costs for an investor are between $80K - $125K for the home and typical rehabs are $15K-$30K.

[27:03] A property manager in Macon, Georgia charges 10% of the gross rent, but no renewal fee.

[29:37] Macon, Georgia is the second highest market for residential rental returns.

Mentioned in This Episode:

Jason Hartman

Longevity and Biohacking Podcast

Hartman Media

As Americans spend beyond their means and abstain from adding to their savings accounts, the demand for rental properties is growing at a phenomenal rate. Jason describes how your past and future investments in income properties will pay dividends for many years to come. And in the market profile, the Macon, Georgia market is dissected and explored. This somewhat undiscovered market ranks #2 out of 20 for highest residential rental returns. We learn the average rental home price in the market, the typical rehab costs and which employers are persuading renters to stay in the area.

Key Takeaways:

[3:09] Do not skip the Flashback Friday episodes of the Creating Wealth show. They are hand picked for you.

[5:38] Macon, Georgia and other small markets can be good investments due to a limited inventory available.

[8:02] Americans are not saving money which makes it a phenomenal time to own rental property.

[9:12] This is how inflation and deflation are directly related to the real estate market.

Macon, Georgia Market Profile with Eric:

[17:00] The Macon, Georgia downtown area has been revitalized in recent years and Mercer University is expanding.

[20:22] Employment opportunities in Macon, Georgia are diverse with both blue and white collar jobs.

[22:38] Typical costs for an investor are between $80K - $125K for the home and typical rehabs are $15K-$30K.

[27:03] A property manager in Macon, Georgia charges 10% of the gross rent, but no renewal fee.

[29:37] Macon, Georgia is the second highest market for residential rental returns.

Mentioned in This Episode:

Jason Hartman

Longevity and Biohacking Podcast

Hartman Media

Survive and thrive in today's economy! With over 400 episodes produced, business and investment guru Jason Hartman interviews top-tier guests, bestselling authors and financial experts including; Steve Forbes (Freedom Manifesto), Tomas Sowell (Housing Boom and Bust), Noam Chomsky (Manufacturing Consent), Jenny Craig (Health & Fitness CEO), Jim Cramer (Mad Money), Harvey Mackay (Swim With The Sharks & Get Your Foot in the Door), Todd Akin (Former US Congressman), William D. Cohan ( The Price of Silence, The Last Tycoon, & House of Cards), G. Edward Griffin (The Creature from Jekyll Island), Daniel Pink (National Geographic). Jason Hartman is the Founder and CEO of Platinum Properties Investor Network, The Hartman Media Company, and The Jason Hartman Foundation. Starting with very little, Jason, while still in college at the age of 19, embarked on a career in real estate while brokering properties for clients, he was investing in he own portfolio along the way. Through creativity, persistence and hard work, he soon joined the ranks of the top one-percent of Realtors in the U.S. and in quick succession; earned a number of prestigious industry awards and became a young multi-millionaire. Jason purchased an Irvine, California real estate brokerage firm which he expanded dramatically and was later acquired by Coldwell Banker. He combined his dedication and business talents to become a successful entrepreneur, public speaker, author, and media personality. Over the years he developed his Complete Solution for Real Estate Investors™ where his innovative firm educates and assists investors in acquiring prudent investments nationwide for their portfolio. Jason’s highly sought after educational events, speaking engagements, and his ultra-hot “Creating Wealth Podcast” inspire and empower hundreds of thousands of people in 26 countries worldwide. Additional guests featured on the Creating Wealth podcast include Robert Kiyosaki (RIch Dad Poor Dad), Matthew Quirk (The 500 & The Directive), Eve Wright (Life at the Speed of Passion), John Lawrence Allen (Make Wall Street Pay You Back), Jerry Robinson (Bankruptcy in Our Nation), Peter Zeihan (The Accidental Superpower), David Crowe (National Association of Homebuilders NAHB), Consuelo Mack (PBS - Wealth Track), Sean Haugh (Libertarian Candidate for the US Senate), Scott Paul (Alliance for American Manufacturing), Charles Goyette (Ron Paul's America Show), Chris Martenson (Crash Course), Matt Theriault (Epic Real Estate Investing), Christopher Barnatt (The Future of 3D Printing), Zac Bissonnette (Good Advice From Bad People), Rich Karlgaard (Forbes Magazine). Chris Mayer (Agora Financial), Craig R. Smith (The Great Withdrawal), Po Bronson (The Science of Winning & Losing), Jim Stossel (Why Government Fails), John McAfee (Founder of McAfee Anti-Virus Software) Harry Dent (The Great Depression Ahead), Kevin Armstrong (Bulls, Birdies, Bogeys, and Bears), Nick Bilton (Hatching Twitter), Tom Kreautler (The Money Pit), Doug Brunt (Ghosts of Manhattan), Catherine McBreen (Get Rich, Stay Rich, Pass it On), Les Leopold (How to Make a Million Dollars an Hour), Robert Greene (Mastery, Power, & Seduction), Byron Dorgan (Gridlock), Dennis Miller (Retirement Reboot), George Gilder (Knowledge & Power), Jed Kolko (Tulia), Dr. Judith Wright (The Soft Addiction Solution), Richard Duncan (The New Depression), Dave Krieger (Clouded Titles), Bill Ayers (Confessions of an American Dissident), Dr. H. Woody Block (American Gridlock), Steven Kotler (Abundance), Laurence Kotlikoff (The Clash of Generations), Greg Farrell (Crash of the Titans), Shaun Rein (The End of Cheap China), Ken Gronbach (The Age Curve), Amity Shlaes (The Forgotten Man), Roger Lowenstein (The End of Wall Street), Jay Elliot (The Steve Jobs Way), Richard Duncan (The Dollar Crisis & The Corruption of Capitalism), Robert Wiedemer (Aftershock), and Steve Slaunwhite (The Wealthy Freelancer). A trademark feature of Hartman Media podcasts are our 'Tenth Ep

Jason’s guest, Brian is a client and a longtime Creating Wealth Podcast listener. Brian describes his early days of real estate investing when Sara initially walked him through the buying process. The properties he purchased in Atlanta and Memphis have now matured and Brian is faced with making a decision. Should he refi-til-ya-die or to do a 1031 exchange and get 2 for 1 on his highly appreciated properties. Jason shares his insights on best business practices, how to use an IRA as a tax savings vehicle and recommends some “must read” books on real estate investing.

 

Key Takeaways:

[1:31] The Wells Fargo contract claw back.

[3:26] “Make Six Figures” Bloomberg article tells a scary tale from the content portal.

Case Study with Brian:

[8:27] Brian read Rich Dad, Poor Dad in high school which led him to the Creating Wealth podcast.

[9:49] Brian was pleased with the support he received from Sara and the Local Market Specialists.

[12:44] Is refi-til-ya-die always the best option or does the 2 for 1 plan make better financial sense on highly appreciated properties?

[16:25] The 2 for 1 exchange gives the owner all of the equity to reinvest. The refi-til-ya-die option is limited to the cash-out loan to value ratio.

[17:40] A refi may be a simpler option and offers a locked-in lower interest rate.

[20:08] Brian shares his real estate investor stories on his website Rental Mindset.

[21:29] When buying real estate inside of an IRA you get a tax efficient vehicle inside of another tax efficient vehicle.

[22:11] Read Garrett Sutton’s Loopholes of Real Estate.

[23:29] Rationalizing buying a property sight unseen.

Mentioned in This Episode:

Jason Hartman

Hartman Education

Rental Mindset

Jason's guest, Brian is a client and a longtime Creating Wealth Podcast listener. Brian describes his early days of real estate investing when Sara initially walked him through the buying process. The properties he purchased in Atlanta and Memphis have now matured and Brian is faced with making a decision. Should he refi-til-ya-die or to do a 1031 exchange and get 2 for 1 on his highly appreciated properties. Jason shares his insights on best business practices, how to use an IRA as a tax savings vehicle and recommends some "must read" books on real estate investing.

Key Takeaways:

[1:31] The Wells Fargo contract claw back.

[3:26] "Make Six Figures" Bloomberg article tells a scary tale from the content portal.

Case Study with Brian:

[8:27] Brian read Rich Dad, Poor Dad in high school which led him to the Creating Wealth podcast.

[9:49] Brian was pleased with the support he received from Sara and the Local Market Specialists.

[12:44] Is refi-til-ya-die always the best option or does the 2 for 1 plan make better financial sense on highly appreciated properties?

[16:25] The 2 for 1 exchange gives the owner all of the equity to reinvest. The refi-til-ya-die option is limited to the cash-out loan to value ratio.

[17:40] A refi may be a simpler option and offers a locked-in lower interest rate.

[20:08] Brian shares his real estate investor stories on his website Rental Mindset.

[21:29] When buying real estate inside of an IRA you get a tax efficient vehicle inside of another tax efficient vehicle.

[22:11] Read Garrett Sutton's Loopholes of Real Estate.

[23:29] Rationalizing buying a property sight unseen.

Mentioned in This Episode:

Jason Hartman

Hartman Education

Rental Mindset

Survive and thrive in today's economy! With over 400 episodes produced, business and investment guru Jason Hartman interviews top-tier guests, bestselling authors and financial experts including; Steve Forbes (Freedom Manifesto), Tomas Sowell (Housing Boom and Bust), Noam Chomsky (Manufacturing Consent), Jenny Craig (Health & Fitness CEO), Jim Cramer (Mad Money), Harvey Mackay (Swim With The Sharks & Get Your Foot in the Door), Todd Akin (Former US Congressman), William D. Cohan ( The Price of Silence, The Last Tycoon, & House of Cards), G. Edward Griffin (The Creature from Jekyll Island), Daniel Pink (National Geographic). Jason Hartman is the Founder and CEO of Platinum Properties Investor Network, The Hartman Media Company, and The Jason Hartman Foundation. Starting with very little, Jason, while still in college at the age of 19, embarked on a career in real estate while brokering properties for clients, he was investing in he own portfolio along the way. Through creativity, persistence and hard work, he soon joined the ranks of the top one-percent of Realtors in the U.S. and in quick succession; earned a number of prestigious industry awards and became a young multi-millionaire. Jason purchased an Irvine, California real estate brokerage firm which he expanded dramatically and was later acquired by Coldwell Banker. He combined his dedication and business talents to become a successful entrepreneur, public speaker, author, and media personality. Over the years he developed his Complete Solution for Real Estate Investors™ where his innovative firm educates and assists investors in acquiring prudent investments nationwide for their portfolio. Jason’s highly sought after educational events, speaking engagements, and his ultra-hot “Creating Wealth Podcast” inspire and empower hundreds of thousands of people in 26 countries worldwide. Additional guests featured on the Creating Wealth podcast include Robert Kiyosaki (RIch Dad Poor Dad), Matthew Quirk (The 500 & The Directive), Eve Wright (Life at the Speed of Passion), John Lawrence Allen (Make Wall Street Pay You Back), Jerry Robinson (Bankruptcy in Our Nation), Peter Zeihan (The Accidental Superpower), David Crowe (National Association of Homebuilders NAHB), Consuelo Mack (PBS - Wealth Track), Sean Haugh (Libertarian Candidate for the US Senate), Scott Paul (Alliance for American Manufacturing), Charles Goyette (Ron Paul's America Show), Chris Martenson (Crash Course), Matt Theriault (Epic Real Estate Investing), Christopher Barnatt (The Future of 3D Printing), Zac Bissonnette (Good Advice From Bad People), Rich Karlgaard (Forbes Magazine). Chris Mayer (Agora Financial), Craig R. Smith (The Great Withdrawal), Po Bronson (The Science of Winning & Losing), Jim Stossel (Why Government Fails), John McAfee (Founder of McAfee Anti-Virus Software) Harry Dent (The Great Depression Ahead), Kevin Armstrong (Bulls, Birdies, Bogeys, and Bears), Nick Bilton (Hatching Twitter), Tom Kreautler (The Money Pit), Doug Brunt (Ghosts of Manhattan), Catherine McBreen (Get Rich, Stay Rich, Pass it On), Les Leopold (How to Make a Million Dollars an Hour), Robert Greene (Mastery, Power, & Seduction), Byron Dorgan (Gridlock), Dennis Miller (Retirement Reboot), George Gilder (Knowledge & Power), Jed Kolko (Tulia), Dr. Judith Wright (The Soft Addiction Solution), Richard Duncan (The New Depression), Dave Krieger (Clouded Titles), Bill Ayers (Confessions of an American Dissident), Dr. H. Woody Block (American Gridlock), Steven Kotler (Abundance), Laurence Kotlikoff (The Clash of Generations), Greg Farrell (Crash of the Titans), Shaun Rein (The End of Cheap China), Ken Gronbach (The Age Curve), Amity Shlaes (The Forgotten Man), Roger Lowenstein (The End of Wall Street), Jay Elliot (The Steve Jobs Way), Richard Duncan (The Dollar Crisis & The Corruption of Capitalism), Robert Wiedemer (Aftershock), and Steve Slaunwhite (The Wealthy Freelancer). A trademark feature of Hartman Media podcasts are our 'Tenth Ep

There’s a nostalgic feeling to today’s Creating Wealth Show as Jason Hartman provides a live recording from the 2014 Meet the Masters event in Orange County, California. This gives listeners a taste of what they can expect from the January 2015 event in Irvine, California, and also provides a good opportunity to see how far the financial and real estate worlds have come over the past months. Key topics covered include the Case-Shiller index, reassessing Rent-to-Value ratios and the development of bitcoin.

 

Key Takeaways

04.30 – Jason Hartman’s investment strategy doesn’t focus on appreciation – if it happens, it’s a bonus.

07.45 – Bitcoin and its competing alternative cyber currencies really came about because people are starting to doubt the fiat money Central Banking model that we’ve become accustomed to.

10.50 – Despite being the most commonly used index, Jason Hartman would only recommend 6 of the 20 markets proposed by the Case-Shiller index.

14.08 – As humans, we find it inherently difficult to know when to cut losses and just walk away.

15.50 – Niall Ferguson claims that the most powerful part of the financial system is the bond market, and we would all do well to remember that.

20.09 – Real estate is not a very liquid market and so even when prices drop, they don’t drop as quickly as most other asset classes.

26.18 – Rent-to-value ratios change totally if you think about the actual utility cost per month – how much is your renter paying to use your property, and how does that compare with what you think the value is?

31.23 – The forms and uses of money have changed many times throughout history, and now we’re dealing with the technological side of currency, which has led us to bitcoin.

39.50 – Jason Hartman goes through step-by-step considering the relative merits and failings of the dollar, bitcoin, gold and income property.

 

Mentioned in this episode

The Ascent of Money by Niall Ferguson

 

There's a nostalgic feeling to today's Creating Wealth Show as Jason Hartman provides a live recording from the 2014 Meet the Masters event in Orange County, California. This gives listeners a taste of what they can expect from the January 2015 event in Irvine, California, and also provides a good opportunity to see how far the financial and real estate worlds have come over the past months. Key topics covered include the Case-Shiller index, reassessing Rent-to-Value ratios and the development of bitcoin.

Key Takeaways

04.30 – Jason Hartman's investment strategy doesn't focus on appreciation – if it happens, it's a bonus.

07.45 – Bitcoin and its competing alternative cyber currencies really came about because people are starting to doubt the fiat money Central Banking model that we've become accustomed to.

10.50 – Despite being the most commonly used index, Jason Hartman would only recommend 6 of the 20 markets proposed by the Case-Shiller index.

14.08 – As humans, we find it inherently difficult to know when to cut losses and just walk away.

15.50 – Niall Ferguson claims that the most powerful part of the financial system is the bond market, and we would all do well to remember that.

20.09 – Real estate is not a very liquid market and so even when prices drop, they don't drop as quickly as most other asset classes.

26.18 – Rent-to-value ratios change totally if you think about the actual utility cost per month – how much is your renter paying to use your property, and how does that compare with what you think the value is?

31.23 – The forms and uses of money have changed many times throughout history, and now we're dealing with the technological side of currency, which has led us to bitcoin.

39.50 – Jason Hartman goes through step-by-step considering the relative merits and failings of the dollar, bitcoin, gold and income property.

Mentioned in this episode

The Ascent of Money by Niall Ferguson

Survive and thrive in today's economy! With over 400 episodes produced, business and investment guru Jason Hartman interviews top-tier guests, bestselling authors and financial experts including; Steve Forbes (Freedom Manifesto), Tomas Sowell (Housing Boom and Bust), Noam Chomsky (Manufacturing Consent), Jenny Craig (Health & Fitness CEO), Jim Cramer (Mad Money), Harvey Mackay (Swim With The Sharks & Get Your Foot in the Door), Todd Akin (Former US Congressman), William D. Cohan ( The Price of Silence, The Last Tycoon, & House of Cards), G. Edward Griffin (The Creature from Jekyll Island), Daniel Pink (National Geographic). Jason Hartman is the Founder and CEO of Platinum Properties Investor Network, The Hartman Media Company, and The Jason Hartman Foundation. Starting with very little, Jason, while still in college at the age of 19, embarked on a career in real estate while brokering properties for clients, he was investing in he own portfolio along the way. Through creativity, persistence and hard work, he soon joined the ranks of the top one-percent of Realtors in the U.S. and in quick succession; earned a number of prestigious industry awards and became a young multi-millionaire. Jason purchased an Irvine, California real estate brokerage firm which he expanded dramatically and was later acquired by Coldwell Banker. He combined his dedication and business talents to become a successful entrepreneur, public speaker, author, and media personality. Over the years he developed his Complete Solution for Real Estate Investors™ where his innovative firm educates and assists investors in acquiring prudent investments nationwide for their portfolio. Jason’s highly sought after educational events, speaking engagements, and his ultra-hot “Creating Wealth Podcast” inspire and empower hundreds of thousands of people in 26 countries worldwide. Additional guests featured on the Creating Wealth podcast include Robert Kiyosaki (RIch Dad Poor Dad), Matthew Quirk (The 500 & The Directive), Eve Wright (Life at the Speed of Passion), John Lawrence Allen (Make Wall Street Pay You Back), Jerry Robinson (Bankruptcy in Our Nation), Peter Zeihan (The Accidental Superpower), David Crowe (National Association of Homebuilders NAHB), Consuelo Mack (PBS - Wealth Track), Sean Haugh (Libertarian Candidate for the US Senate), Scott Paul (Alliance for American Manufacturing), Charles Goyette (Ron Paul's America Show), Chris Martenson (Crash Course), Matt Theriault (Epic Real Estate Investing), Christopher Barnatt (The Future of 3D Printing), Zac Bissonnette (Good Advice From Bad People), Rich Karlgaard (Forbes Magazine). Chris Mayer (Agora Financial), Craig R. Smith (The Great Withdrawal), Po Bronson (The Science of Winning & Losing), Jim Stossel (Why Government Fails), John McAfee (Founder of McAfee Anti-Virus Software) Harry Dent (The Great Depression Ahead), Kevin Armstrong (Bulls, Birdies, Bogeys, and Bears), Nick Bilton (Hatching Twitter), Tom Kreautler (The Money Pit), Doug Brunt (Ghosts of Manhattan), Catherine McBreen (Get Rich, Stay Rich, Pass it On), Les Leopold (How to Make a Million Dollars an Hour), Robert Greene (Mastery, Power, & Seduction), Byron Dorgan (Gridlock), Dennis Miller (Retirement Reboot), George Gilder (Knowledge & Power), Jed Kolko (Tulia), Dr. Judith Wright (The Soft Addiction Solution), Richard Duncan (The New Depression), Dave Krieger (Clouded Titles), Bill Ayers (Confessions of an American Dissident), Dr. H. Woody Block (American Gridlock), Steven Kotler (Abundance), Laurence Kotlikoff (The Clash of Generations), Greg Farrell (Crash of the Titans), Shaun Rein (The End of Cheap China), Ken Gronbach (The Age Curve), Amity Shlaes (The Forgotten Man), Roger Lowenstein (The End of Wall Street), Jay Elliot (The Steve Jobs Way), Richard Duncan (The Dollar Crisis & The Corruption of Capitalism), Robert Wiedemer (Aftershock), and Steve Slaunwhite (The Wealthy Freelancer). A trademark feature of Hartman Media podcasts are our 'Tenth Ep

Jason’s guest, Michael Thomsett has over 35-years as an Accountant and is an investor in the most tax-favored asset class in the U.S., income properties. Mr. Thomsett has written over 90 books. His book, The Landlord’s Financial Toolkit will soon be printed as a second edition and re-named The Real Estate Investor’s Financial Toolkit. During today’s episode, he shares ten principles of real estate evaluations and unpacks each principle, so even those with a limited understanding of income property investing can follow along.  

 

Key Takeaways:

[1:29] Segmenting the real estate market is rarely done properly.

[3:28] Make it a goal to live in a no income tax state as a wealth creation strategy.

[6:44] Information on the next Meet the Masters, Hartman Education Special Bundles and available properties.

Michael Thomsett Guest Interview:

[11:46] The 9/10 Principles of Real Estate Evaluation.

[12:54] Defining the Principles of Progression and Regression.  

[14:09] The Principle of Conformity is keeping the features of a property in line with others in the area.

[15:11] The Principle of Substitution relates to the condition of the property.

[15:45] The Principle of Change applies to the economy, demographics, employment, and other “fact of life” incidents.

[16:46] The Evaluation Principle of anticipation is when expectations about future events affect the market value.

[20:24] The Contribution Principle - If the improvement is worth more than the cost to make it.

[21:46] Plottage or Growth Management should be consistent use of the surrounding lands.

[24:26] Highest and Best Use - Real Estate evaluations are best when land is utilized in the best possible way.

[26:13] The Competition Principle states an opportunity for a profitable investment leads to competition.  

[31:47] All the necessary tools for landlords are included in the second edition of Michael Thomsett’s book.  

Mentioned in This Episode:

Jason Hartman

Hartman Education

Thomsett Publishing