Creating Wealth Real Estate Investing with Jason Hartman

Vladimir Putin’s rise to the top is a Shakespearean drama. Putin the President was created by a group of wealthy businessmen to replace Boris Yeltsin. While believing they found a man who aligned with their own desires to keep the money at the top, Putin had different ideas. He successfully brought down elite families who disagreed with his politics. Russians embraced the leader and made him one of most popular Russian presidents of all time. Ben Mezrich shares his journey of writing his latest book, soon to be movie, Once Upon a Time in Russia.

Key Takeaways:

Jason’s Editorial:

[1:24] JHU live - Jason Hartman University Live

[2:44] In beautiful Mission Valley San Diego on August 29th

[4:18] In depth training on building your own portfolio

[6:01] You’ll get an official property acquisition checklist

[7:00] Learn property portfolio planning

[8:07] Early bird pricing until August 1st

[10:05] Leave a review on iTunes and you get 30% discount on JHU

[10:58] Inflation induced debt destruction

Ben Mezrich Interview:

[14:51] Many stories just kind of came to me

[15:45] Misconceptions about Putin

[16:14] Oligarchs miscalculated and created Putin by mistake

[18:17] The Godfather of the Kremlin

[18:55] Putin was an assistant KGB agent with average pay

[20:57] The Russians love Putin and possibly some Ukrainians too

[24:06] This story is a very Shakespearean drama

[25:32] Warner Studio is making the movie

[26:10] Putin may be around for a long time

[27:52] Russia is in the midst of crony capitalism

[29:12] Will Russia have a middle class in the future?

[32:00] Yeltsin basically made the Oligarchs to fend off Communism

[33:37] Was entering Ukraine and effort to recruit young people for Russia?

[34:44] When oil prices go down the Russian economy suffers

Mentions:

JasonHartman.com

[email protected]

Ben Mezrich

Bringing Down the House

The Accidental Billionaires

Once Upon A Time in Russia

@benmezrich

Join Jason Hartman and Investor Watchdog, Jack Waymire, for a discussion concerning the ethics of the financial services industry. According to Jack, the frequent lack of integrity undermines the achievement of investors’ financial goals.

Companies do not do what is best for you. They are very good at hiding information that they do not want their investors to know. Investor Watchdog investigates these companies and products, acting as a go-between for investors and advisers, answering frequently asked questions, such as, “How do I know I’m getting the right financial advice?” Jack shares examples of deceptive practices by various companies and how the executives that run the companies, i.e. Goldman Sachs, are insulated from accountability simply by paying fines rather than serving jail time for unethical and illegal practices. 

Jason and Jack touch on the subject of the Madoff Ponzi Scheme, where Jack talks about some of the evidence that was found, as a glaring example of unethical sales pitches and conman tactics. Jack also informs listeners of what deceptive sales practices to watch out for when dealing with financial advisers.

Jack entered the financial services industry as a financial consultant in 1976 for Warburg, Paribas Becker. He provided financial advice to companies, public entities, Taft-Hartley funds, endowments, and foundations with assets exceeding $7 billion. After spending two years with an investment firm, Jack co-founded Lexington Capital Management in 1983, a money management firm that wholesaled its services through wirehouses and regional broker-dealers. In 1989, Jack also founded a broker-dealer and built a national retail distribution system to market its products and services. Between 1996 and 2003, Lexington was sold to two larger financial service and technology companies. In his last position, Jack was President of Sungard Advisor Technologies. During these 20 years, Jack worked with thousands of investors and financial advisors and was responsible for providing services to individual investors with billions of dollars of assets.

In 2004, Jack left the financial services industry to market a book he authored: Who’s Watching Your Money? The 17 Paladin Principles for Selecting a Financial Advisor. Published in December, 2003, by John Wiley & Sons, his book was widely regarded as the first to provide an objective process investors could use to select higher quality advisors and to avoid the risks and consequences of bad advice from lower quality advisors. In 2004, Jack co-founded PaladinRegistry.com, a website that took selected content from his book and made it available to investors over the Internet. Later in 2004, a Registry of pre-screened, five star rated financial planners and financial advisors was added to the website. Paladin became the first online firm that vetted financial professionals for investors and provided comprehensive documentation for their credentials, ethics, business practices, and services. In 2008, Jack was instrumental in the development this blog site (InvestorWatchdog.com) that reports on investment risks that result from ethical conflicts in the financial services industry. Jack has appeared on CNNfn and over 100 national, regional, and local radio shows to talk about the subject matter of his book, the risk and consequences of bad advice, and Paladin’s free online solutions. He is also widely quoted in the print media including Forbes, BusinessWeek, Worth, and Kiplinger and is a columnist for Worth Magazine. Jack can be reached at [email protected].

Join Jason Hartman and Investor Watchdog, Jack Waymire, for a discussion concerning the ethics of the financial services industry. According to Jack, the frequent lack of integrity undermines the achievement of investors’ financial goals.

Companies do not do what is best for you. They are very good at hiding information that they do not want their investors to know. Investor Watchdog investigates these companies and products, acting as a go-between for investors and advisers, answering frequently asked questions, such as, “How do I know I’m getting the right financial advice?” Jack shares examples of deceptive practices by various companies and how the executives that run the companies, i.e. Goldman Sachs, are insulated from accountability simply by paying fines rather than serving jail time for unethical and illegal practices.

Jason and Jack touch on the subject of the Madoff Ponzi Scheme, where Jack talks about some of the evidence that was found, as a glaring example of unethical sales pitches and conman tactics. Jack also informs listeners of what deceptive sales practices to watch out for when dealing with financial advisers.

Jack entered the financial services industry as a financial consultant in 1976 for Warburg, Paribas Becker. He provided financial advice to companies, public entities, Taft-Hartley funds, endowments, and foundations with assets exceeding $7 billion. After spending two years with an investment firm, Jack co-founded Lexington Capital Management in 1983, a money management firm that wholesaled its services through wirehouses and regional broker-dealers. In 1989, Jack also founded a broker-dealer and built a national retail distribution system to market its products and services. Between 1996 and 2003, Lexington was sold to two larger financial service and technology companies. In his last position, Jack was President of Sungard Advisor Technologies. During these 20 years, Jack worked with thousands of investors and financial advisors and was responsible for providing services to individual investors with billions of dollars of assets.

In 2004, Jack left the financial services industry to market a book he authored: Who’s Watching Your Money? The 17 Paladin Principles for Selecting a Financial Advisor. Published in December, 2003, by John Wiley & Sons, his book was widely regarded as the first to provide an objective process investors could use to select higher quality advisors and to avoid the risks and consequences of bad advice from lower quality advisors. In 2004, Jack co-founded PaladinRegistry.com, a website that took selected content from his book and made it available to investors over the Internet. Later in 2004, a Registry of pre-screened, five star rated financial planners and financial advisors was added to the website. Paladin became the first online firm that vetted financial professionals for investors and provided comprehensive documentation for their credentials, ethics, business practices, and services. In 2008, Jack was instrumental in the development this blog site (InvestorWatchdog.com) that reports on investment risks that result from ethical conflicts in the financial services industry. Jack has appeared on CNNfn and over 100 national, regional, and local radio shows to talk about the subject matter of his book, the risk and consequences of bad advice, and Paladin’s free online solutions. He is also widely quoted in the print media including Forbes, BusinessWeek, Worth, and Kiplinger and is a columnist for Worth Magazine. Jack can be reached at [email protected].

This is a must listen to episode for investors. Guest Harry Dent has written over 7 books on using demographics to predict economic outcomes. He and Jason discuss the inevitable Chinese market crash, the deflation that is headed our way and the massive amounts of debt in the private and public sectors. For real estate buyers, it appears that the everyday house is the best place to invest right now and in the next 3 to 4 years we just might see the lowest interest rates on mortgage loans of this lifetime. Harry warns that the bigger the bubble the bigger the burst and predicts we will see the Dow drop below 6000 in the coming years and fracking bonds will be crucified. 

Key Takeaways: 

Jason’s Editorial:

[2:06] Daniel wants to know about a sole proprietorship

[3:48] There is no asset protection sole proprietorship 

[4:37] An LLC could be a self management company  

[6:15] Self managed properties 

[8:08] The power of the Venture Alliance Mastermind

[9:34] Jason’s next event - Sept/Oct

[11:28] The cost of colonizing the moon

Harry Dent interview:

[12:58] Florida the no income tax state

[13:44] A something for nothing life is not realistic

[14:36] Deleveraging the debt leads to money disappearing

[16:22] Debt grew 2.7x’s faster than GDP

[17:48] We are sitting on unfunded liabilities at 4x’s the GDP

[18:54] Debt detox is needed

[21:17] Is the U.S. in a legitimate economic recovery?

[24:39] Harry’s opinions on high end real estate 

[26:41] Banks and governments made bad loans

[27:23] Why the uber rich won’t get richer after this bubble 

[28:51] The greater fool theory - the Chinese are the last fools standing 

[31:16] Trends and data from China 

[33:45] Speculation will cause the crash in China

[35:22] The U.S. fracking industry will default

[37:00] Deflation is a sign a bubble is bursting 100 trillion dollars will disappear

[38:19] The Dow will drop to under 6,000 in the magphone pattern

[41:25] Junk bonds will be crucified and growing default rates

[42:48] Mortgage rate will come down in 3 or 4 years

Mentions:

The Demographic Cliff

The Great Boom Ahead 

The Roaring 2000’s

The Great Depression Ahead

HarryDent.com

This is a must listen to episode for investors. Guest Harry Dent has written over 7 books on using demographics to predict economic outcomes. He and Jason discuss the inevitable Chinese market crash, the deflation that is headed our way and the massive amounts of debt in the private and public sectors. For real estate buyers, it appears that the everyday house is the best place to invest right now and in the next 3 to 4 years we just might see the lowest interest rates on mortgage loans of this lifetime. Harry warns that the bigger the bubble the bigger the burst and predicts we will see the Dow drop below 6000 in the coming years and fracking bonds will be crucified.

Key Takeaways:

Jason’s Editorial:

[2:06] Daniel wants to know about a sole proprietorship

[3:48] There is no asset protection sole proprietorship

[4:37] An LLC could be a self management company

[6:15] Self managed properties

[8:08] The power of the Venture Alliance Mastermind

[9:34] Jason’s next event - Sept/Oct

[11:28] The cost of colonizing the moon

Harry Dent interview:

[12:58] Florida the no income tax state

[13:44] A something for nothing life is not realistic

[14:36] Deleveraging the debt leads to money disappearing

[16:22] Debt grew 2.7x’s faster than GDP

[17:48] We are sitting on unfunded liabilities at 4x’s the GDP

[18:54] Debt detox is needed

[21:17] Is the U.S. in a legitimate economic recovery?

[24:39] Harry’s opinions on high end real estate

[26:41] Banks and governments made bad loans

[27:23] Why the uber rich won’t get richer after this bubble

[28:51] The greater fool theory - the Chinese are the last fools standing

[31:16] Trends and data from China

[33:45] Speculation will cause the crash in China

[35:22] The U.S. fracking industry will default

[37:00] Deflation is a sign a bubble is bursting 100 trillion dollars will disappear

[38:19] The Dow will drop to under 6,000 in the magphone pattern

[41:25] Junk bonds will be crucified and growing default rates

[42:48] Mortgage rate will come down in 3 or 4 years

Mentions:

The Demographic Cliff

The Great Boom Ahead

The Roaring 2000’s

The Great Depression Ahead

HarryDent.com

Being stranded at the airport waiting for a flight is never fun but Jason and Fernando make the best of it by recording their observations of the investment property tour of Chicago and Grand Rapids. Overall, Chicago looks promising with strong providers and good properties. Grand Rapids was charming and offered many financing choices for current and future investors. A quick stop was made to Detroit to get feel for the area and look for opportunities that may be hiding there. The extra stop proved to be a disappointment based on the city’s state of disrepair and mass exodus of previous inhabitants. 

Key Takeaways:

[3:09] A Mastermind meeting on Monday & Tuesday

[3:42] A semi-private property tour

[4:09] Met local market specialists and in-house lending department

[6:32] The tenant turnover rate in an apartment in Chicago

[7:21] Tenant turnover rate in a single family home is much longer

[8:10] Virtual apartment investments

[9:00] Refinance discussion on a future episode 

[10:06] Land contracts in Grand Rapids

[10:39] Direct buying properties via self directed IRA

[12:40] Cosmetic changes are easy on good investment properties

[14:18] The Cold Stone Philosopher’s Club

[15:28] Detroit was depressing 

[17;39] Corrupt mayors & declining auto industry led to the death of Detroit

[19:21] Property taxes in Chicago 

[20:05] Providers make it possible to remove maintenance costs

[21:55] Judicial foreclosure states are good for investors

[23:25] Chicago is a world class city 

[24:16] Differences of a small provider versus a large provider 

[26:00] The small group tour was intimate and enjoyable

Being stranded at the airport waiting for a flight is never fun but Jason and Fernando make the best of it by recording their observations of the investment property tour of Chicago and Grand Rapids. Overall, Chicago looks promising with strong providers and good properties. Grand Rapids was charming and offered many financing choices for current and future investors. A quick stop was made to Detroit to get feel for the area and look for opportunities that may be hiding there. The extra stop proved to be a disappointment based on the city’s state of disrepair and mass exodus of previous inhabitants.

Key Takeaways:

[3:09] A Mastermind meeting on Monday & Tuesday

[3:42] A semi-private property tour

[4:09] Met local market specialists and in-house lending department

[6:32] The tenant turnover rate in an apartment in Chicago

[7:21] Tenant turnover rate in a single family home is much longer

[8:10] Virtual apartment investments

[9:00] Refinance discussion on a future episode

[10:06] Land contracts in Grand Rapids

[10:39] Direct buying properties via self directed IRA

[12:40] Cosmetic changes are easy on good investment properties

[14:18] The Cold Stone Philosopher’s Club

[15:28] Detroit was depressing

[17;39] Corrupt mayors & declining auto industry led to the death of Detroit

[19:21] Property taxes in Chicago

[20:05] Providers make it possible to remove maintenance costs

[21:55] Judicial foreclosure states are good for investors

[23:25] Chicago is a world class city

[24:16] Differences of a small provider versus a large provider

[26:00] The small group tour was intimate and enjoyable

Originally aired as CW 252

Despite popular belief, China is no longer a cheap place to do business with labor costs and real estate costs soaring. Join Jason Hartman as he interviews Shaun Rein, author of The End of Cheap China and Managing Director of China Market Research Group in Shanghai, about debunking common myths, such as China is stealing U.S. jobs.

Many companies have begun doing business in China, due to what Shaun refers to as “capitalism on steroids.” Labor costs have increased in China to the tune of around 20 percent, and the government is trying to increase wages yearly over the next five years. Another factor affecting manufacturing costs over time is that fewer of the younger generation wants to be employed in manufacturing jobs, wanting to realize their white class dreams. China is also pushing middle class development to offset the manufacturing issue.

Shaun Rein is the Managing Director of CMR, the world’s leading strategic market intelligence firm. He is one of the world’s recognized thought leaders on strategy consulting.

He is a columnist for Forbes on Leadership, Marketing, and China and for BusinessWeek’s Asia Insight section. He is often featured in the Wall Street Journal, the Harvard Business Review, The Economist, The Financial Times, Newsweek International, Bloomberg, Time, and the New York Times. He is regularly interviewed by American Public Radio’s Marketplace and NPR.

He frequently appears to deliver commentary on CNBC’s Squawk Box, Bloomberg TV, CBS News, and CNN International TV. Before founding CMR, he was the Chief of Research for venture capital firm Inter-Asia Venture Management. He also was the Managing Director, Country Head China for e-learning software company WebCT where he also ran the company’s Taiwan and South Korean operations. He also served as the Assistant Director of the Center for East Asian Research at McGill University. He earned his Master’s degree from Harvard University focused on China’s economy and received a BA Honors from McGill University.

Originally aired as CW 252

Despite popular belief, China is no longer a cheap place to do business with labor costs and real estate costs soaring. Join Jason Hartman as he interviews Shaun Rein, author of The End of Cheap China and Managing Director of China Market Research Group in Shanghai, about debunking common myths, such as China is stealing U.S. jobs.

Many companies have begun doing business in China, due to what Shaun refers to as “capitalism on steroids.” Labor costs have increased in China to the tune of around 20 percent, and the government is trying to increase wages yearly over the next five years. Another factor affecting manufacturing costs over time is that fewer of the younger generation wants to be employed in manufacturing jobs, wanting to realize their white class dreams. China is also pushing middle class development to offset the manufacturing issue.

Shaun Rein is the Managing Director of CMR, the world’s leading strategic market intelligence firm. He is one of the world’s recognized thought leaders on strategy consulting.

He is a columnist for Forbes on Leadership, Marketing, and China and for BusinessWeek’s Asia Insight section. He is often featured in the Wall Street Journal, the Harvard Business Review, The Economist, The Financial Times, Newsweek International, Bloomberg, Time, and the New York Times. He is regularly interviewed by American Public Radio’s Marketplace and NPR.

He frequently appears to deliver commentary on CNBC’s Squawk Box, Bloomberg TV, CBS News, and CNN International TV. Before founding CMR, he was the Chief of Research for venture capital firm Inter-Asia Venture Management. He also was the Managing Director, Country Head China for e-learning software company WebCT where he also ran the company’s Taiwan and South Korean operations. He also served as the Assistant Director of the Center for East Asian Research at McGill University. He earned his Master’s degree from Harvard University focused on China’s economy and received a BA Honors from McGill University.

The world of long term financial savings plans can leave you dizzy. The paperwork can be pages and pages of jargon which make plans hard to distinguish and administer. Jason’s guest Edwin Kelly from Specialized IRA Services breaks down the Self Directed IRA, the solo 401k and Health Savings Account or HSA. Arming you with the setup cost and annual fee’s to help you make an educated decisions about your investment future. You’ll hear solutions to creating wealth and obtaining more passive income through smart investing with a little help from people in the know. 

Key Takeaways:

Jason’s Editorial:

[2:02] Self directed IRA investing

[4:19] Nathan asks about out of state rental properties 

[5:19] Have at least 4% of the properties value in the bank as an emergency fund

[7:22] Steve asks about Jason’s foundation

[9:12] Steve also asks about credit history and bankruptcy

[12:06] Asset based financing; a hard money loan

Edwin Kelly Interview:

[14:29] Would Donald Trump be a good president?

[16:04] Invitation for Warren to be on the show

[16:58] IRA Custodians, Administrators what’s the difference?

[18:01] What are the fee’s of self-directed IRA’s

[19:22] There is no fee sharing or back end money

[20:40] A customized approach to IRA’s

[24:08] People need passive income 

[25:47] An everyday example of buy and hold real estate investing

[30:11] Solo 401k or Individual 401k

[34:46] Solo k paperwork was cumbersome and complex 

[35:55] $400 annually for a self directed IRA and $700 for a 401K

[38:32] HSA - Health Saving Account 

[39:53] An HSA works by marrying the tax benefits of the traditional and Roth IRA’s 

[41:22] Are you able to pay for proactive executive health physicals via a HSA?

[42:51] Breast Augmentation for medical reasons is a qualified medical expense

[45:17] An HSA is not a Flexible Saving Account

[45:55] Investing in buy and hold real estate from the HSA

[47:35] HSA and IRA are fairly easy to administer

[48:20] An LLC inside of an IRA? 

[51:08] Multiple LLC’s for asset protection

Mentions:

Specialized IRA Services