Jason Hartman's Quick Start Podcast

Jason Hartman compares investing to cruise ships to teach you why it's so important that you be consistent and steady in order to get to your destination.

Building wealth with real estate requires patience and work. And over time your return on your investment begins to compound. That's when you're glad you stayed in the game. The reason why Jason loves rental property as one of the best investments is because it consistently works regardless of the economy.

Economics is a relative thing anyways. People will always pay rent. Inflation is working in our favor all the time. It's never a bad time to invest in rental property.

Always invest with your goals in mind (retirement, financial freedom, creating wealth) and abide by your risk tolerance and investing style.

This is a continuation of the 10 Commandments of Successful Investing series from Jason Hartman. These commandments will save you from making costly and stressful mistakes as you dive into the world of income property investing.

Website:

www.JasonHartman.com/Properties

Be a prudent long-term value investor, never a get-rich-quick gambler, speculator or flipper by investing only in properties that make good financial sense the day you buy them.

This is a continuation of the 10 Commandments of Successful Investing series from Jason Hartman. These commandments will save you from making costly and stressful mistakes as you dive into the world of income property investing.

In this podcast you'll learn about Commandment #5...

5. Thou shalt not gamble.

Website:

www.JasonHartman.com/Properties

Staying in control of your real estate investments gives you freedom. Never leave your financial future in the hands of incompetent, unethical or greedy brokerage houses, fund managers or corporations. Always be a direct investor.

Website:

www.JasonHartman.com

This originally aired as episode 186.

Jason Hartman talks with acclaimed financial advisor Ric Edelman. Barron's has six times (2004–2009) ranked Ric Edelman among America's 100 top financial advisors. In 2009, Ric was ranked the #1 independent financial advisor in the nation by Barron's.

In 2004, Ric was inducted into the Financial Advisor Hall of Fame, ranked by Research Magazine for his focus on the individual client and ranked #42 on Registered Rep magazine's list of "America's Top 50 Advisors." Inc. magazine three times named the firm the fastest-growing privately-held financial planning firm in the country. Ric received an honorary doctorate from Rowan University in 1999, and in 2007 was inducted into the Rowan University Public Relations Student Society of America Hall of Fame.

Website:

www.EdelmanFinancial.com

This originally aired as episode 141.

Gary Pinkerton warms up the episode for Jason Hartman, introducing the fact that there are 30 fatal mistakes that investors make that kill their profits. Jason lays out the first 18 in this episode, and Gary will wrap up the remaining 12 in the next.

So how are investors hurting themselves?

1. Investors won't get out of their own way. 2. They get Paralysis of Analysis 3. Over-magnifying bad experiences and under-appreciating Successful Deals 4. They don't become Educated - like attending Meet the Masters! 5. Being too Greedy 6. Not Listening to their Property Manager 7. Listening to their Property Manager without questioning anything (no thought) 8. Not having an Area Agnostic Investment Counselor 9. Not Communicating with their Investment Counselor 10. Panic Buying 11. Saying NO too often, or too early 12. Over-extending themselves. Prudent use of OPM, but respect the power of leverage 13. Not seeing things in context - focusing on that 'pebble in the shoe' 14. Letting one problem sink the entire ship 15. Changing their Personal Financial Picture when still have a fledgling portfolio 16. Listening to your Sphere of Influence 17. They Have False Expectations (or unreasonable Expectations) 18. Not Maintaining Control - Be a Direct Investor

Website:

www.JasonHartman.com/Properties

This is a recreated version of episode 162.

Gary Pinkerton sums up the first 18 mistakes that Jason Hartman discussed in the previous episode, and then wraps up the 30 fatal mistakes investors make with numbers 18-30. In this episode Gary not only explains the 12 remaining mistakes, but details how he fell into the trap of several of them, and how you can avoid them.

So how are investors hurting themselves?

19. They Gamble on their investments 20. Not asking for a Bail-Out (loan mod, Prop Mgr concessions, seller concessions) 21. Not having Enough Confidence and Faith in themselves 22. They are Afraid to Grow, to Learn...so they don't act 23. Simply don't use Prudent Financial Planning Techniques 24. Not Consistently Pushing Forward, planning for the next move (always in escrow) 25. They Don't Diversify Geographically (4-5 markets is sweet spot) 26. Become too Committed to Current Market (must remain Area Agnostic) 27. Have too much Equity in Properties (R.E. is not a good bank) 28. Invest in Properties that are NOT a Necessity (#9-Inv only where there is Universal Need) 29. Not Sticking to the Acquisition Plan 30. Not Embracing the Fragmentation (R.E. is a personal services business, use to your financial adv)

Website:

www.JasonHartman.com/Properties

This episode was originally published as episode 455.

Gary Pinkerton kicks off the show today with a reminder for real estate investors to keep the tax advantages of real estate in mind when things break or issues arise with your real estate properties. That's why he's bringing Jason's interview with Diane Kennedy, who knows the tax code inside and out.

In his interview, Jason Hartman talks with renowned CPA Diane Kennedy, who is full of ideas and advice on topics ranging from international investing and its tax benefits, the ins and outs of LLCs and what your self-managing options are for your real estate investments, to name just a few issues covered.

Website:

The Off-Shore Tax Guide by Diane Kennedy

www.JasonHartman.com/Properties

This episode originally aired as Episode 24.

Unlike stocks, bonds, mutual funds or commodities such as precious metals like gold and silver – real estate is a multi-dimensional asset class. The multi-dimensional nature of income property makes it extremely profitable in changing ways based on varying market conditions. This is a wonderful thing because investors can profit even seemingly "bad" markets. For example, when financing becomes expensive (low housing affordability rates) or difficult to qualify for (low capital liquidity) it can create excellent opportunities to increase rents. When mortgage rates are low and qualifying is easy it can spur terrific appreciation. You can win either way so long as you adapt your strategy based on economic realities.

Additionally, a discussion about Macro vs. Micro Markets™ so don't just run out and buy based on a city – be sure to screen and drill down into the various Micro Markets™ within each city. Since you can't buy all of them… you may as well buy the best ones!

Jason's market specific commentary was recorded previously and is not a recommendation to buy or sell today.

Website:

www.JasonHartman.com/Properties

Today's Quick Start comes from Creating Wealth Episode 882, originally published in September 2017.

The month of October brings the 2017 tax season to a close. Jason and his panel showcase the organizational tools and portfolio management options available through the newly upgraded Property Tracker 2.0.

The Property Tracker software makes creating Schedule E's, depreciation schedules and other tax forms easy as well as a robust calendar which keeps track of all of your income properties important dates.

[02:25] Was the media bummed out that Hurricane Irma didn't cause more damage?

[09:04] The Waffle House Index and Cryptocurrencies.

[16:44] Fundamentals for organizing and tracking investment properties.

[24:00] Property Tracker produces tax schedules including Schedule E and an up-to-date Schedule of Depreciation.

[27:58] Property Tracker 2.0 has updated proformas with RV ratio evaluations.

[30:24] Clarifying the statement "Every day you have a property you own and don't sell, you are buying it back from yourself."

[35:05] Organizational tips for using Property Tracker.

[39:28] Scanning with Optical Character Recognition (OCR) makes you more efficient.

[46:38] Details about the new Amazon Echo contest, the Meet the Master's event and the upcoming Venture Alliance Mastermind.

[50:20] Free one-hour Property Tracker onboarding session with Zack for Jason Hartman clients.

Jason Hartman

Property Tracker Software

[email protected]

Meet the Master's of Income Property Tickets

Venture Alliance Mastermind

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