Creating Wealth Real Estate Investing with Jason Hartman

Orginally aired as CW 461

On today’s Creating Wealth Show, Jason Hartman talks about the vital side of investing that is construction cost. As an investor within real estate, it’s so important to know the situation, whether it be adjusting how much you pay contractors to match with the area itself or knowing just how much the replacements to your property would be compared with the actual cost price.

Key Takeaways

01.34 – With tickets hugely limited, it’s time to get excited about the best Meet the Masters event to date.

04.25 – As a prudent investor, you need to know the vital points about LTIs and regression to replacement costs. Learn all you need here.

06.31 – Jason Hartman’s personal risk evaluator model relies on construction cost and land cost, and this is a great way to minimize risk when investing in real estate.

11.26 – If you’re building in a higher price area, you’re going to have to pay your contractors more because they have to be able to afford to live in that area.

14.38 – Three sources of assessing your land value: tax collector or assessor for property taxes, an insurance broker – an insurance company selling you a policy based on the property, and an appraiser.

18.58 – If you’re interested in looking for the sorts of properties that can offer you regression to replacement opportunities, come along to the Birmingham, Alabama property tour in November.

25.06 – For more information specifically about risk assessment in investing, go to www.JasonHartman.com and type in ‘Hartman risk evaluator’ into the search bar to find podcasts and blog posts.

27.09 – Another recommendation for you is to look for the podcast and YouTube video about how to read a property Proforma. This is a really vital skill you can use to become a better investor.

Orginally aired as CW 461

On today’s Creating Wealth Show, Jason Hartman talks about the vital side of investing that is construction cost. As an investor within real estate, it’s so important to know the situation, whether it be adjusting how much you pay contractors to match with the area itself or knowing just how much the replacements to your property would be compared with the actual cost price.

Key Takeaways

01.34 – With tickets hugely limited, it’s time to get excited about the best Meet the Masters event to date.

04.25 – As a prudent investor, you need to know the vital points about LTIs and regression to replacement costs. Learn all you need here.

06.31 – Jason Hartman’s personal risk evaluator model relies on construction cost and land cost, and this is a great way to minimize risk when investing in real estate.

11.26 – If you’re building in a higher price area, you’re going to have to pay your contractors more because they have to be able to afford to live in that area.

14.38 – Three sources of assessing your land value: tax collector or assessor for property taxes, an insurance broker – an insurance company selling you a policy based on the property, and an appraiser.

18.58 – If you’re interested in looking for the sorts of properties that can offer you regression to replacement opportunities, come along to the Birmingham, Alabama property tour in November.

25.06 – For more information specifically about risk assessment in investing, go to www.JasonHartman.com and type in ‘Hartman risk evaluator’ into the search bar to find podcasts and blog posts.

27.09 – Another recommendation for you is to look for the podcast and YouTube video about how to read a property Proforma. This is a really vital skill you can use to become a better investor.

Philip Kotler is the S. C. Johnson Distinguished Professor of International Marketing at the Kellog School of Management. He is a trained economist and the author of 55 books, including his most recent book titled Confronting Capitalism. His latest book hopes to give real solutions to the troubled economic system. Philip talks to Jason today on capitalism and how he thinks it can be better. 

Key Takeaways:

[3:20] Jason recommends reading Sapiens by Yuval Noah Harari. 

[5:00] On the fence about joining Venture Alliance? Come as a guest and check it out. 

[11:15] Jason introduces Philip. 

[12:50] Capitalism is a great system, but we should also try to improve it. 

[19:10] Tax payers are paying for what McDonald's/Walmart is not paying. 

[23:30] Consumers want it cheap, but they also want jobs. Can we have both? 

[28:20] Public education is so bad that Philip is glad we have immigrants coming in with the skills we need.

[34:44] There's a group of people who want to be taxed more, but they don't want that money going into another battleship. 

[40:00] Governments should be more localized, because then they'd be more responsive. 

[48:11] The reason why Philip decided to become an economist was because he wanted to understand how income is generated and distributed. 

Mentioned In This Episode:

Sapiens: A Brief History of Humankind by Yuval Noah Harari

VentureAllianceMastermind.com 

http://www.kotlermarketing.com/

Confronting Capitalism by Philip Kotler

Philip Kotler is the S. C. Johnson Distinguished Professor of International Marketing at the Kellog School of Management. He is a trained economist and the author of 55 books, including his most recent book titled Confronting Capitalism. His latest book hopes to give real solutions to the troubled economic system. Philip talks to Jason today on capitalism and how he thinks it can be better.

Key Takeaways:

[3:20] Jason recommends reading Sapiens by Yuval Noah Harari.

[5:00] On the fence about joining Venture Alliance? Come as a guest and check it out.

[11:15] Jason introduces Philip.

[12:50] Capitalism is a great system, but we should also try to improve it.

[19:10] Tax payers are paying for what McDonald's/Walmart is not paying.

[23:30] Consumers want it cheap, but they also want jobs. Can we have both?

[28:20] Public education is so bad that Philip is glad we have immigrants coming in with the skills we need.

[34:44] There's a group of people who want to be taxed more, but they don't want that money going into another battleship.

[40:00] Governments should be more localized, because then they'd be more responsive.

[48:11] The reason why Philip decided to become an economist was because he wanted to understand how income is generated and distributed.

Mentioned In This Episode:

Sapiens: A Brief History of Humankind by Yuval Noah Harari

VentureAllianceMastermind.com

http://www.kotlermarketing.com/

Confronting Capitalism by Philip Kotler

Jason Hartman is currently visiting Ireland and one of his listeners asked to meet with him personally while he was here. Ross Lauder talks on Ireland taxes, the Irish economic crash in 2008, and why Ross loves the US real estate market for income investing.  

Key Takeaways:

[2:15] Ross has been listening to Jason's show since 2009. 

[5:05] Why is Ireland so appealing to corporations? 

[12:05] Ireland has had two big votes recently. Same-sex marriage and trying to change the minimum presidential age from 35 down to 21. 

[18:45] What's happening with the real estate market in Ireland? 

[28:02] Why does Ross like real estate? 

[34:08] Jason is working on a new property tour with his team, so look forward to that. 

Mentioned In This Episode:

JasonHartman.com

Jason Hartman is currently visiting Ireland and one of his listeners asked to meet with him personally while he was here. Ross Lauder talks on Ireland taxes, the Irish economic crash in 2008, and why Ross loves the US real estate market for income investing.

Key Takeaways:

[2:15] Ross has been listening to Jason's show since 2009.

[5:05] Why is Ireland so appealing to corporations?

[12:05] Ireland has had two big votes recently. Same-sex marriage and trying to change the minimum presidential age from 35 down to 21.

[18:45] What's happening with the real estate market in Ireland?

[28:02] Why does Ross like real estate?

[34:08] Jason is working on a new property tour with his team, so look forward to that.

Mentioned In This Episode:

JasonHartman.com

Orginally aired as CW 258

Welcome to the Creating Wealth Show. This is Episode Number 258, and this is your host, Jason Hartman. Excited to be with you today, as always. Thanks for joining me. Today we’re going to talk about the Secrets of Economic Indicators, with our guest, Bernie Baumohl and he’s written a book on that subject and it’s got a couple of printings, a couple of versions out and I think you’ll really get some stuff out of that, and come learn how to decode what you hear about, what you read about in the news media, and what it means to you as an investor and as an astute financial person.

Orginally aired as CW 258

Welcome to the Creating Wealth Show. This is Episode Number 258, and this is your host, Jason Hartman. Excited to be with you today, as always. Thanks for joining me. Today we’re going to talk about the Secrets of Economic Indicators, with our guest, Bernie Baumohl and he’s written a book on that subject and it’s got a couple of printings, a couple of versions out and I think you’ll really get some stuff out of that, and come learn how to decode what you hear about, what you read about in the news media, and what it means to you as an investor and as an astute financial person.

Jason reads two articles to the audience. One is about the perception of Wall Street from Business Insider and another on CEO wages from Newser. Jason encourages you to leave him a voicemail on your opinion about the articles. Today's guest is Douglas Goldstein. Douglas is the author of Rich As A King and he talks to Jason on using the concept of chess to become a more strategic investor. 

Key Takeaways:

[3:40] There's one common theme in the CNBC show American Greed – investors didn't have control. 

[8:05] Be sure to check out this upcoming Flashback Friday episode.

[10:40] Jason reads an article from Newser about CEO wages. Send him a voicemail on your thoughts about this article. 

[16:05] Jason introduces Douglas. 

[22:15] How do we apply chess to our investments? 

[30:30] Focus on one piece of your investment and try to make it just slightly better. 

[35:30] What are zero coupon bonds? 

Mentioned In This Episode:

http://www.businessinsider.in/A-fresh-reminder-of-the-average-persons-perception-of-Wall-Street/articleshow/47331522.cms

http://www.newser.com/story/206794/ceo-pay-hits-wild-milestone.html

RichasaKing.com

@RichasaKing

Jason reads two articles to the audience. One is about the perception of Wall Street from Business Insider and another on CEO wages from Newser. Jason encourages you to leave him a voicemail on your opinion about the articles. Today's guest is Douglas Goldstein. Douglas is the author of Rich As A King and he talks to Jason on using the concept of chess to become a more strategic investor.

Key Takeaways:

[3:40] There's one common theme in the CNBC show American Greed – investors didn't have control.

[8:05] Be sure to check out this upcoming Flashback Friday episode.

[10:40] Jason reads an article from Newser about CEO wages. Send him a voicemail on your thoughts about this article.

[16:05] Jason introduces Douglas.

[22:15] How do we apply chess to our investments?

[30:30] Focus on one piece of your investment and try to make it just slightly better.

[35:30] What are zero coupon bonds?

Mentioned In This Episode:

http://www.businessinsider.in/A-fresh-reminder-of-the-average-persons-perception-of-Wall-Street/articleshow/47331522.cms

http://www.newser.com/story/206794/ceo-pay-hits-wild-milestone.html

RichasaKing.com

@RichasaKing