Creating Wealth Real Estate Investing with Jason Hartman

On this show, Jason Hartman talks with one of his investment counselors about current events, welcomes a guest caller and also brings to our listening audience the economic outlook from renowned financial expert, John Mauldin.  Mauldin discusses “spending rearrangement”, a restructuring of our country’s spending problem and tax code, and how the election outcome influences the direction of that restructuring. The larger the government becomes, the smaller the private sector becomes – not an ideal situation for economic recovery in the U.S. Mauldin gives his insights and the possible scenarios and outcomes that could happen, depending on whether or not the deficit problem is truly solved, touching on investments, job creation, tax issues and trade deficits.

John Mauldin is also a New York Times best-selling author and a pioneering online commentator. Each week, over one million readers turn to Mauldin for his penetrating view on Wall Street, global markets and economic history. Mauldin’s weekly e-newsletter, Thoughts from the Frontline, was one of the first publications to provide investors with free, unbiased information and guidance.  Today, it is the most widely distributed investment newsletter in the world.

Mauldin is a frequent contributor to publications including The Financial Times and The Daily Reckoning, as well as a regular guest on CNBC, Yahoo Tech Ticker, and Bloomberg TV. His best-selling books include Bull’s Eye Investing, Just One Thing and Endgame, as well as his recently released update to Bull’s Eye Investing – The Little Book of Bull’s Eye Investing. John Mauldin’s blog, Economic Analysis, and more can be found on his website at http://www.mauldineconomics.com/.

On this show, Jason Hartman talks with one of his investment counselors about current events, welcomes a guest caller and also brings to our listening audience the economic outlook from renowned financial expert, John Mauldin. Mauldin discusses “spending rearrangement”, a restructuring of our country’s spending problem and tax code, and how the election outcome influences the direction of that restructuring. The larger the government becomes, the smaller the private sector becomes – not an ideal situation for economic recovery in the U.S. Mauldin gives his insights and the possible scenarios and outcomes that could happen, depending on whether or not the deficit problem is truly solved, touching on investments, job creation, tax issues and trade deficits.

John Mauldin is also a New York Times best-selling author and a pioneering online commentator. Each week, over one million readers turn to Mauldin for his penetrating view on Wall Street, global markets and economic history. Mauldin’s weekly e-newsletter, Thoughts from the Frontline, was one of the first publications to provide investors with free, unbiased information and guidance. Today, it is the most widely distributed investment newsletter in the world.

Mauldin is a frequent contributor to publications including The Financial Times and The Daily Reckoning, as well as a regular guest on CNBC, Yahoo Tech Ticker, and Bloomberg TV. His best-selling books include Bull’s Eye Investing, Just One Thing and Endgame, as well as his recently released update to Bull’s Eye Investing – The Little Book of Bull’s Eye Investing. John Mauldin’s blog, Economic Analysis, and more can be found on his website at http://www.mauldineconomics.com/.

Managing insurance policies for your entire real estate portfolio can be an administrative nightmare if the coverage is provided by multiple companies. Finding a reliable and informative insurance broker who is able to offer nationwide coverage from A level underwriters would eliminate the hassle. Today, Jason gets answers for all of your insurance questions from the brokerage firm of Ross Diversified.

Key Takeaways:

Jason’s Editorial:

[1:21] It’s an amazing time to be alive!

[2:33] China has finally ended their one child policy

[4:40] The nature of the real estate industry is fragmented

[9:34] Bad faith insurance or companies denying claims is common

[10:30] A personal experience with National Real Estate Insurance Group

[11:50] Monday’s episode features the founder of WeGoLook

[14:04] Can we get listeners in more countries than the U.S. has military bases in?

[16:40] Meet the Masters with Garrett Sutton in January

Ed Babtkis Guest Interview:

[18:50] We have had nationwide insurance available for 30 years

[19:50] Nuances to the nationwide real estate market make it a difficult product to offer

[21:05] The underwriting companies which serve our brokerage firm

[22:16] Nationwide programs are generally done on a blanket basis

[25:21] Deductible options and norms

[27:24] Getting the quote to the investor

[29:54] Our company is approved by major financiers

[31:20] Calculating insurance rates based on zip codes

[33:30] Cash value is the number one issue insurance companies have

[34:55] Replacement value is better coverage

[36:33] How are land contracts insured?

[39:12] Hard money lenders can place property coverage, but it costs a bit more

[40:00] Loss of Rent insurance

Mentions:

JasonHartman.com

Affinity Group Management

Code Red Book

We Go Look

Ross Diversified

Acceptance Indemnity

Cincinnati Insurance

Blackstone

Managing insurance policies for your entire real estate portfolio can be an administrative nightmare if the coverage is provided by multiple companies. Finding a reliable and informative insurance broker who is able to offer nationwide coverage from A level underwriters would eliminate the hassle. Today, Jason gets answers for all of your insurance questions from the brokerage firm of Ross Diversified.

Key Takeaways:

Jason’s Editorial:

[1:21] It’s an amazing time to be alive!

[2:33] China has finally ended their one child policy

[4:40] The nature of the real estate industry is fragmented

[9:34] Bad faith insurance or companies denying claims is common

[10:30] A personal experience with National Real Estate Insurance Group

[11:50] Monday’s episode features the founder of WeGoLook

[14:04] Can we get listeners in more countries than the U.S. has military bases in?

[16:40] Meet the Masters with Garrett Sutton in January

Ed Babtkis Guest Interview:

[18:50] We have had nationwide insurance available for 30 years

[19:50] Nuances to the nationwide real estate market make it a difficult product to offer

[21:05] The underwriting companies which serve our brokerage firm

[22:16] Nationwide programs are generally done on a blanket basis

[25:21] Deductible options and norms

[27:24] Getting the quote to the investor

[29:54] Our company is approved by major financiers

[31:20] Calculating insurance rates based on zip codes

[33:30] Cash value is the number one issue insurance companies have

[34:55] Replacement value is better coverage

[36:33] How are land contracts insured?

[39:12] Hard money lenders can place property coverage, but it costs a bit more

[40:00] Loss of Rent insurance

Mentions:

JasonHartman.com

Affinity Group Management

Code Red Book

We Go Look

Ross Diversified

Acceptance Indemnity

Cincinnati Insurance

Blackstone

Based on current political and economic conditions your personal wealth could be at risk. Paul Mladjenovic of The Raving Capitalist shares his tips for weathering the upcoming economic storm, which he expects to make landfall in 12-18 months. He advises in favor of creating a home based business and diversifying your current asset portfolio. He warns people who have their assets in undiversified portfolios or in stocks which don’t satisfy a human need may find their financial futures devastated because of current government actions and policies.

Key Takeaways:

Jason’s Editorial:

[1:42] Being anxious about speaking in front of 2000 people

[3:21] 4 mentors who changed Jason’s life

[3:46] Stress - the good and the bad

[5:18] “Stress comes from not doing the things you know you need to do”

[6:20] Being in the flow

[7:38] Getting leverage in the 3 primary areas of life - Business, Biology & Investing

[9:47] Who is willing to take on this affirmation?

[12:40] The Orlando Property Tour is coming up this weekend

[13:20] Meet the Masters of Income Property in San Diego - Early Bird pricing

[13:57] The Venture Alliance in Dubai

Paul Mladjenovic Guest Interview:

[15:30] Observing how government policy affects the economy

[16:44] 30-years as a CFP has helped me to understand how the economy works

[18:07] Communism basically micromanages every aspect of the economy

[21:55] Government-sponsored agencies Freddie Mac & Fannie Mae sold bad loans to Wall Street

[25:00] The current financial outlook is grim, Paul says it will be devastating

[27:33] Portfolios have too much debt in them and pensions are underfunded

[30:23] What should people do to protect themselves from this catastrophe?

[33:01] Launch a home based business for diversification

[34:37] Real estate investments trusts to mitigate the downside of the market

[39:20] Run away from mega-expensive coaching programs

[40:45] Short-term investing is financial gambling

[43:45] What happened to the King of Long term investing, Warren Buffett?

[47:35] Becoming self-sufficient is the way to weather the upcoming economic storm

[50:45] Will the U.S. dollar continue to be the reserve currency?

[52:00] Gold & Silver has outlived paper currencies

[55:36] Gold is a portable asset and should be a portion of your diversification

Mentions:

Stock Investing for Dummies

Paul Mladjenovic

Amazing.com

Abundance: The Future is Better than you Think

Bold Book

JasonHartman.com

Venture Alliance Mastermind

The Raving Capitalist

Monex

Based on current political and economic conditions your personal wealth could be at risk. Paul Mladjenovic of The Raving Capitalist shares his tips for weathering the upcoming economic storm, which he expects to make landfall in 12-18 months. He advises in favor of creating a home based business and diversifying your current asset portfolio. He warns people who have their assets in undiversified portfolios or in stocks which don’t satisfy a human need may find their financial futures devastated because of current government actions and policies.

Key Takeaways:

Jason’s Editorial:

[1:42] Being anxious about speaking in front of 2000 people

[3:21] 4 mentors who changed Jason’s life

[3:46] Stress - the good and the bad

[5:18] “Stress comes from not doing the things you know you need to do”

[6:20] Being in the flow

[7:38] Getting leverage in the 3 primary areas of life - Business, Biology & Investing

[9:47] Who is willing to take on this affirmation?

[12:40] The Orlando Property Tour is coming up this weekend

[13:20] Meet the Masters of Income Property in San Diego - Early Bird pricing

[13:57] The Venture Alliance in Dubai

Paul Mladjenovic Guest Interview:

[15:30] Observing how government policy affects the economy

[16:44] 30-years as a CFP has helped me to understand how the economy works

[18:07] Communism basically micromanages every aspect of the economy

[21:55] Government-sponsored agencies Freddie Mac & Fannie Mae sold bad loans to Wall Street

[25:00] The current financial outlook is grim, Paul says it will be devastating

[27:33] Portfolios have too much debt in them and pensions are underfunded

[30:23] What should people do to protect themselves from this catastrophe?

[33:01] Launch a home based business for diversification

[34:37] Real estate investments trusts to mitigate the downside of the market

[39:20] Run away from mega-expensive coaching programs

[40:45] Short-term investing is financial gambling

[43:45] What happened to the King of Long term investing, Warren Buffett?

[47:35] Becoming self-sufficient is the way to weather the upcoming economic storm

[50:45] Will the U.S. dollar continue to be the reserve currency?

[52:00] Gold & Silver has outlived paper currencies

[55:36] Gold is a portable asset and should be a portion of your diversification

Mentions:

Stock Investing for Dummies

Paul Mladjenovic

Amazing.com

Abundance: The Future is Better than you Think

Bold Book

JasonHartman.com

Venture Alliance Mastermind

The Raving Capitalist

Monex

Join Jason Hartman and Doug Casey of Casey Research for a candid discussion about the condition of America and what is to come. Doug feels we needed a depression, but it doesn’t have to be as long and dismal as it’s going to be for most people. The U.S. government has gone about everything completely opposite of the right way; it’s totally bankrupt. They’re selling money/debt to the Federal Reserve because no other country in the world wants to buy our devalued American dollar. Doug feels for the average American because he/she is not going to profit from it and is going to be turned into a common serf. Pension funds are in trouble and are nothing more than the government’s scheme to finance its debt.

We may see more wars in the future as politicians look for someone to blame, as happened in the Great Depression of the 1930s. The rich will be those that own real estate around the world. Doug feels it’s too early to buy U.S. real estate unless it’s bought with low-interest, fixed-rate mortgages because the debt will be inflated away. Sharing a position with Jason, Doug is not a fan of the stock market and feels that commodities are going to eventually bottom out with all of the new nanotechnology.

While he’s still bullish on commodities because he’s bearish on the dollar, Doug recommends buying real estate in other parts of the world, using Rothschild’s philosophy of buying when blood is running in the streets. Our biggest enemy is our government, so people must diversify politically, geographically, internationally, and most Americans don’t know anything about it. Looking at stocks, while Doug wants nothing to do with them for the most part, he sees mining stocks moving. They’re relatively cheap right now and while they’re a speculative venture, with thorough research, one can find a few good mining companies that are seeing strong returns.

Inflation is going to get a lot higher because the government has no choice but to print money to pay its debts. It’s the 11th hour and now is the time to act, to position yourself to ride out the storm. Doug’s guess is that when all of this bottoms, mortgage money will not exist and people the world over will have to purchase property with cash. They will be paying real value versus the inflated values of mortgage companies. Doug expresses his concern that our current economic situation is very serious. As he looks around, he doesn’t see any real bargains.

We’re still in the eye of the hurricane, and he forecasts that as we go back into the storm, it’s going to be a lot uglier than it was in 2008. He calls this the Greater Depression. This is a time when you don’t want to be rooted to a spot like a plant. In turbulent times, plants usually get eaten up. Doug is a widely respected preeminent authority on “rational speculation,” especially in the high-potential natural resource sector.

He is a high respected author, publisher and professional investor, and graduated from Georgetown University in 1968. Since that time, Doug has literally written the book on profiting from times of economic turmoil. He is the author of Crisis Investing, which spent multiple weeks on the New York Times bestseller list in the No. 1 position, and became the best-selling financial book of 1980.

Doug also authored Strategic Investing, breaking the record by receiving the largest advance ever paid for a financial book at that time. Doug’s next book, The International Man, was the most sold book in the history of Rhodesia. Doug Casey has been a featured guest on such TV shows and radio shows as David Letterman, Merv Griffin, Charlie Rose, Phil Donahue, Regis Philbin, Maury Povich, NBC News and CNN. He has also been the topic of numerous features in periodicals, such as Time, Forbes, People, and the Washington Post.

Doug divides his time between homes in Aspen, Colorado, Auckland, New Zealand, and Salta Argentina. He has written newsletters and alert services for sophisticated investors for over 28 years. He has lived in 10 countries and visited over 175. In addition to having served as a trustee on the Board of Governors of Washington College and Northwoods University, Doug has been a director and advisor to nine different financial corporations. Doug is currently the founder of Casey Research, a research company that watches every sector, looking for opportunities in the world.

Casey Research is a believer in free markets and understands the fundamental reality that the more a government interferes in a market, the more likely there will be consequences…negative for those unaware, but positive for those who are aware. More details about Casey Research can be found at their website:http://www.caseyresearch.com/cwc. Also, this PDF is from Doug’s view of War on Terror: http://my.caseyresearch.com/pdfs/crTcr20111116102350.pdf?ppref=RIV012SR1211A