Creating Wealth Real Estate Investing with Jason Hartman

Jason starts things off with his thoughts on cycles of opportunity, autonomous cars, and information about how you can win free tickets to the next JHU event. The JHU event will highlight how to evaluate properties for the most historically proven asset class in the world. And returning guest, Dan Millman who is the author of 17 books, talks about his new book “The Four Purposes of Life”. He shares his special life calculator which utilizes the numbers from your birth date to enlighten you about your life path. This information can help guide you on your journey.

Key Takeaways:

Jason’s Editorial:

[4:32] The opportunity cycle when supply exceeds demand requires sorting

[10:00] The autonomous cars will be virtually everywhere, it’s a game changer

[14:45] The problem with statistics

[18:57] Land contract options available

[21:15] Evaluating properties at the next Jason Hartman University Live event

Dan Millman Guest Interview:

[24:25] Writing The Four Purposes of Life

[26:29] What are the Four Purposes of Life?

[28:56] Purpose #4 - Attend to the arising moment 

[34:15] Increase your quality of presence

[35:55] Purpose #1 - Learn the lessons of life a little more gracefully

[39:51] Purpose #2 - The difference between your career and your calling

[43:04] Purpose #3 - Discover life’s path

[47:45] All of my books have their own purpose

[48:25] 12 required courses in the school of life

[50:00] Contact information for Dan Millman

Mentions:

Jason Hartman

Way of the Peaceful Warrior

Insurance.com

Property Tracker

Property Evaluator App

The Four Purposes of Life

The Way of the Peaceful Warrior

The Creative Compass

Life Purpose App

A Life you Were Born to Live

Everyday Enlightenment

Jason starts things off with his thoughts on cycles of opportunity, autonomous cars, and information about how you can win free tickets to the next JHU event. The JHU event will highlight how to evaluate properties for the most historically proven asset class in the world. And returning guest, Dan Millman who is the author of 17 books, talks about his new book “The Four Purposes of Life”. He shares his special life calculator which utilizes the numbers from your birth date to enlighten you about your life path. This information can help guide you on your journey.

Key Takeaways:

Jason’s Editorial:

[4:32] The opportunity cycle when supply exceeds demand requires sorting

[10:00] The autonomous cars will be virtually everywhere, it’s a game changer

[14:45] The problem with statistics

[18:57] Land contract options available

[21:15] Evaluating properties at the next Jason Hartman University Live event

Dan Millman Guest Interview:

[24:25] Writing The Four Purposes of Life

[26:29] What are the Four Purposes of Life?

[28:56] Purpose #4 - Attend to the arising moment

[34:15] Increase your quality of presence

[35:55] Purpose #1 - Learn the lessons of life a little more gracefully

[39:51] Purpose #2 - The difference between your career and your calling

[43:04] Purpose #3 - Discover life’s path

[47:45] All of my books have their own purpose

[48:25] 12 required courses in the school of life

[50:00] Contact information for Dan Millman

Mentions:

Jason Hartman

Way of the Peaceful Warrior

Insurance.com

Property Tracker

Property Evaluator App

The Four Purposes of Life

The Way of the Peaceful Warrior

The Creative Compass

Life Purpose App

A Life you Were Born to Live

Everyday Enlightenment

Join Jason Hartman as he interviews author and financial journalist Roger Lowenstein regarding the history of Wall Street’s demise. Roger talks about the increases in choice, risk, hedging, more volatility, and how free markets are open to speculation, greed, fear and manipulation. There are more markets today susceptible to booms and busts. In the old days, local bankers determined loan eligibility. Today, bankers internationally, who don’t know anything about their clientele, determine eligibility, often to the detriment of the borrowers.

Roger and Jason debate whether Wall Street needs more regulation or deregulation, and discuss the consequences of government interference. They also talk about many of the Wall Street mistakes and the corporations that were rescued by the bailouts and the unprecedented number of failed mortgages.  They end their discussion with observations of the Occupy Wall Street movement.

Roger Lowenstein graduated from Cornell University and was a reporter for the Wall Street Journal for more than a decade, including two years writing it’s “Heard on the Street” column. He has published five books, including The End of Wall Street, When Genius Fails, and Buffet: The Making of an American Capitalist. He is also the director of Sequoia Fund. Roger is the son of Helen and Louis Lowenstein. His father was an attorney and Columbia University law professor who wrote books and articles critical of the American financial industry. Roger himself has also written numerous financial articles.

Join Jason Hartman as he interviews author and financial journalist Roger Lowenstein regarding the history of Wall Street’s demise. Roger talks about the increases in choice, risk, hedging, more volatility, and how free markets are open to speculation, greed, fear and manipulation. There are more markets today susceptible to booms and busts. In the old days, local bankers determined loan eligibility. Today, bankers internationally, who don’t know anything about their clientele, determine eligibility, often to the detriment of the borrowers.

Roger and Jason debate whether Wall Street needs more regulation or deregulation, and discuss the consequences of government interference. They also talk about many of the Wall Street mistakes and the corporations that were rescued by the bailouts and the unprecedented number of failed mortgages. They end their discussion with observations of the Occupy Wall Street movement.

Roger Lowenstein graduated from Cornell University and was a reporter for the Wall Street Journal for more than a decade, including two years writing it’s “Heard on the Street” column. He has published five books, including The End of Wall Street, When Genius Fails, and Buffet: The Making of an American Capitalist. He is also the director of Sequoia Fund. Roger is the son of Helen and Louis Lowenstein. His father was an attorney and Columbia University law professor who wrote books and articles critical of the American financial industry. Roger himself has also written numerous financial articles.

This is a great episode for anyone you know who is just starting out in investing. It leaves little doubt that investing in income properties with a buy and hold strategy is the way to gain wealth. Jason describes the basics to Brian Bain, a stock market investor, and fellow podcaster. He shares examples of how 30-year mortgages on single family homes are a not only a multi-dimensional asset class but also a tax write-off. If you want to hear a concise, easy to understand overview of how to make money in the complicated U.S. financial market, this is the show for you.

Key Takeaways:

Jason’s Editorial:

[1:58] Ben Bernanke and Yogi Berra quotes

[3:21] Investors must align their interests with Central Bankers

[7:22] Arbitrage - Exploiting the differences in things as a real estate investor

[10:43] Jason Hartman University Live Event in Salt Lake City, Utah

[11:56] Vacation rental properties in the Orlando market, yes or no?

Brian Bain interviews Jason for his “Investor in the Family” podcast:

[17:15] His story - Jason started in real estate when he was just a teenager

[23:36] Income property is a multi-dimensional asset class and a tax write-off

[27:46] A lender cannot sue you if you have a non-recourse loan on a property

[31:40] 6 ways the government will deal with underfunded entitlement programs

[35:10] Investors should align their interests with governments and banks

[37:39] Inflation redistributes wealth better than taxes

[40:00] An example of how thousands of people gained wealth from single family homes

[49:21] Anything without income is not really an investment

[51:07] Long term investments are definitely the way to invest your money

Mentions:

Jason Hartman

Investor in the Family Podcast

1984 - George Orwell

This is a great episode for anyone you know who is just starting out in investing. It leaves little doubt that investing in income properties with a buy and hold strategy is the way to gain wealth. Jason describes the basics to Brian Bain, a stock market investor, and fellow podcaster. He shares examples of how 30-year mortgages on single family homes are a not only a multi-dimensional asset class but also a tax write-off. If you want to hear a concise, easy to understand overview of how to make money in the complicated U.S. financial market, this is the show for you.

Key Takeaways:

Jason’s Editorial:

[1:58] Ben Bernanke and Yogi Berra quotes

[3:21] Investors must align their interests with Central Bankers

[7:22] Arbitrage - Exploiting the differences in things as a real estate investor

[10:43] Jason Hartman University Live Event in Salt Lake City, Utah

[11:56] Vacation rental properties in the Orlando market, yes or no?

Brian Bain interviews Jason for his “Investor in the Family” podcast:

[17:15] His story - Jason started in real estate when he was just a teenager

[23:36] Income property is a multi-dimensional asset class and a tax write-off

[27:46] A lender cannot sue you if you have a non-recourse loan on a property

[31:40] 6 ways the government will deal with underfunded entitlement programs

[35:10] Investors should align their interests with governments and banks

[37:39] Inflation redistributes wealth better than taxes

[40:00] An example of how thousands of people gained wealth from single family homes

[49:21] Anything without income is not really an investment

[51:07] Long term investments are definitely the way to invest your money

Mentions:

Jason Hartman

Investor in the Family Podcast

1984 - George Orwell

Buying income properties in high-end markets isn’t for everyone. First, you need to be able to raise sufficient capital to purchase the property and then secure top monthly rents from tenants. Sharran Srivatsaa with Teles Properties shares how his company has changed the game in the upscale market by building their own in-house software platform which fits the needs of their specific market and by creating a corporate culture of “do what you do best”. Realtors in their sales division are incented to do only the things which drive positive sales results.

Key Takeaways:

Jason’s Editorial:

[2:52] Commandment #5 - Thou shalt not gamble

[4:47] Venture Alliance members Jeff & Shannon have a 22% annual return on investment

[6:00] Watch financial documentaries on Netflix

[8:50] “A Crisis Era Mortgage Makes a Comeback” from the WSJ

[13:20] JHU Live in Salt Lake City, Utah

[16:03] The US is unique in all the world with the reserve currency status

Sharran Srivatsaa Guest Interview:

[23:31] A quick history of the strategy behind Teles Properties

[26:00] Agents want to be doing these 3 revenue generating things

[27:52] Teles launches new releases of their in-house software platform like Apple does

[33:09] How is Teles making California income property work?

[35:47] Real cost of adding an additional unit to each property

[39:25] Having all of your eggs in one high-end basket

[46:04] The Big Short movie

[48:06] The Rochester, MN, Huntsville, AL, Raleigh-Durham, NC and Dallas, TX markets

[50:44] Raising capital for real estate investments

[52:58] Contact Sharran at Teles

Mentions:

Jason Hartman

Jason Hartman University

Teles Properties