Accredited Income Property Investment Specialist (aipis)

Jason Hartman presents a client case study with Muthiah where the two discuss an incident Muthiah recently had with a vendor, and what actions you can take when you're being wronged. They explore the actual process of Muthiah filing a claim against a bad provider and how he was about to get restitution after some avenues had failed. Jason also explains how to get a hold of his Hall of Shame resource list, and why you should file complaints even if they're not likely to help you alone. Key Takeaways: [2:37] What happened to Muthiah that created tension with the seller [5:13] If the seller wants to close before the repairs are completed, the only way you accept is if they have money held in escrow in case they don't do what they promised [8:28] The two ends of the company spectrum [11:28] What Jason wants you to negotiate with your property management contract [15:41] The inherent conflict of interest with property managers [23:04] Muthiah has never tried to self manage his current 20 properties [26:04] Want Ja

There is a lot of talk in the news lately about a possible downturn in the US economy, yet Jason’s guest, Ali Wolf of Meyers Research is staying bullish. She says the important indicators to watch aren’t showing the normal warning signs of a market drop. Ali also discusses the trends of Millennials with regards to renting vs. buying a home, their purchasing cycles and what they are willing, and not willing, to pay for. Key Takeaways: [01:03] Are we at the end of a business cycle? [04:30] Ali uses the Quits ratio to judge the state of the economy. [06:39] Three critical indicators to use as early warning signs to a possible market drop. [09:29] Wiil Millennials be staying put and buying homes or are they the rental generation? [16:33] Why modern, prefab homes may offer Millennials more amenities than space. [27:34] Inventory of existing, resale housing is lower in every single market Zondo tracks. Website: www.MeyersLLC.com www.Zonda.co

In this 10th episode, Jason Hartman talks with Dr. Robert Whaples, Professor and Chair in the Department of Economics, Wake Forest University and co-editor and managing editor of The Independent Review. The two discuss the current Pope's world view and the nature of the Catholic church today. Key Takeaways: [2:58] What is Pope Francis' world view? [7:23] How the economy is connected to the environment in the Pope's world view [13:02] Do we need environmental regulations and taxes? [14:49] Have we just exported our pollution? [20:05] Where does the Catholic church come in on the uneven playing fields of markets and oligarchies Website: www.Independent.org

Jason Hartman talks with Barry Habib, renowned mortgage industry executive and founder of MBS Highway, about what to expect in the mortgage world in 2018. The two discuss why the media doesn't seem to get real estate, why real estate appreciation doesn't have to match stock market appreciation, mortgage tax deductions, and how the Roe v Wade decision actually impacted a housing bubble. Key Takeaways: [1:18] Is Barry still bullish the US real estate market? [5:23] The power of leverage, when a 6% return can dwarf 20% [9:12] The interest you pay for your house goes to the lender, but the principle is STILL YOUR MONEY [11:37] How much Barry expects mortgage rates to rise in 2018, and how it impact appreciation [12:42] Why aren't people taking the mortgage tax deduction? [14:23] The bullish sentiment is the highest it's been in about 20 years [18:33] How Roe v Wade led to a housing bubble Website: www.MBSHighway.com

Jason Hartman talks with Cullen Roche, founder of Pragmatic Capitalism, about macroeconomic events going on today, how Cullen studies the markets, why bonds are more attractive than many believe, and the investment strategy you have to adopt when investing in cryptocurrencies today. The two also take a look at the banking industry, money supply, and asset inflation. Key Takeaways: [2:12] What does Pragmatic Capitalism really mean? [10:45] The macro-economy still looks healthy [13:59] Cullen looks at the economy like an engineer in order to try and understand what's going on [17:37] Bonds are probably more attractive than most people believe [20:29] Cryptocurrencies have become a "greater fool theory" investment [24:51] Asset inflation is real and it's becoming harder and harder to get into the investor class [29:09] The banking industry is what creates most of the money in our economy [31:27] One of Cullen's outlandish theories Website: www.PragCap.com

Jason Hartman talks with Mike Moyer, creator of Slicing Pie, about how to partner with people on startups and real estate investing in a way that fairly incorporates everything people bring to the table. The two discuss the need to factor in work, cash, ideas, goods, etc when valuing contributions, as well as the multipliers for each faction depending on their scarcity. Key Takeaways: [2:08] You have to go into a startup with the knowledge that you can lose all of your money [3:09] How would you use Slicing Pie in a real estate deal? [7:17] Why there's a difference between cash & non-cash contributions when you're slicing [10:12] The reason there are multipliers in slices is so that there are consequences if someone leaves the pie [13:35] Why time based vesting isn't the way to go [16:04] What is Mike's definition of a startup? [21:20] What are all the ways you can get a slice of pie in a company? [25:29] How do you get started slicing pie? Website: www.SlicingPie.com

Jason Hartman is happy to bring one of his clients, Adam Jackson, on to the show to talk about his journey into real estate investing. Adam started buying properties toward the end of 2016, and has subsequently purchased 11 homes in the past year on his quest for financial freedom. Adam shares what markets he's currently invested in, where he's looking to expand, keeping score with personal financial statements, and keeping a healthy balance. Key Takeaways: [1:47] Who is Adam Jackson? [7:26] Where Adam bought his first property, and why [9:36] Why Adam chose to buy a home with cash [17:26] When you suffer through an expensive repair, remember that your loss is shared by the government on your tax return [20:03] How to keep score via financial statements [24:57] The P vs PC Balance [28:03] Adam's attempt at the abundance mentality and trying to pass along whatever wisdom/money/time he can [31:44] Focusing on a few things in-depth is better than a little bit of everything Website: www.JasonHartman.com/Propertie

In part 2 of Jason Hartman's interview with his client Sean, the two discuss how to deal with people who are taking advantage of you. Sean & Jason talk about how apps are allowing people to cut out fraud from providers, and how it's our job to protect other people from bad apples by filing complaints and letting as many people know as possible. Key Takeaways: [2:31] Some apps out there are cutting down on overzealous hourly billing [7:45] Filing complaints against other parties [11:59] You can always learn lessons from other people's (or your own) bad situations Website: www.JasonHartman/Properties

In Part 1 of this client case study with Sean, Jason Hartman discusses the beginning of Sean's real estate investing career and the mistakes he made. Sean ended up with 6 figures worth of debt when the great recession hit, and he admits it's because he made some terrible decisions. Jason and Sean look into why they were bad decisions and how Sean and his wife have been able to dig out of that hole and continue to invest in real estate. The two then begin their discussion on property managers and what to do when repairs are needed. Part 2 will be next week. Key Takeaways: [3:10] Real estate investing allows Sean to supplement his acting income and not have to stay in one place [8:03] Sean & his wife got caught up in the Florida FOMO and kept him from doing more real estate until 2013 [13:26] What part of Jason's investing philosophy really opened Sean's eyes [16:51] Sean's personal philosophy on the markets he's investing in [21:00] Only accept invoices from vendors, not from managers [24:51] Make sure you

Jason talks with Jorge Newbery, author of Debt Cleanse: How to Settle Your Unaffordable Debts for Pennies on the Dollar, about fake news, erasing debt, the creation (and destruction) of bubbles, and what to do if you're in trouble with a loan. Key Takeaways: [1:52] How Jorge got into the real estate business, and was taken down by a single ice storm [6:12] The City of Columbus, OH wouldn't let Jorge's renovations pass inspections [10:22] A fake news story about Jorge being investigated turned the public against him and his renovations [14:39] Why Jason is okay with the strategic default practice, even as a lender himself [16:05] In his quest to erase his $26 million in debt, Jorge found an error that erased $5 million of it, which led to a startling revelation [20:05] Our whole society is set up to create massive bubbles that burst and allow the powers that be to buy assets for pennies on the dollar while we blame ourselves for the situation [22:11] The wealth concentration in our nation is becoming untenable

Homee on Demand is a new app that's aiming to make property management from afar easier than it's ever been before. Your tenant can alert you to a problem, send you a picture of the issue, you can get a quote, and verify the issue is taken care of. Listen in as Sara McFarland gives a rundown of the service, how they ensure you don't get ripped off, and how you can best use it in your portfolio. Website: www.HomeeOnDemand.com

Jason Hartman talks with CEO of the NHP Foundation, Richard Burns, about the affordable housing crisis in the United States. The current method of creating affordable housing isn't working for anyone, but Richard thinks there's a way that it can be solved that benefits all parties. Key Takeaways: [1:36] What solutions are available for affordable housing? [4:29] The two components of real estates value [6:12] We are nowhere near meeting the affordable housing demand, so what do we do? [10:09] Where did the high paying, real careers go that made people end up in careers that were meant to be stop-gap jobs? [12:16] What does Richard's non-profit do? [15:51] Richard's thoughts on rent control [17:42] What the Baby Boomer survey showed Website: www.NHPFoundation.org

Jason Hartman talks with Peter Shankman, author of Faster Than Normal: Turbocharge Your Focus, Productivity, and Success with the Secrets of the ADHD Brain, about how people with ADHD can use it to their advantage, what actions people need to take in order to be successful in their ventures, how to figure out what your audience wants, and when to ignore your audience. Key Takeaways: [3:08] How is ADHD a benefit? [5:35] It's important to set up your life in a way that doesn't allow you to get derailed, and the 4 undeniable ADHD life rules [8:39] You can lead the life you want, you just have to be willing to make the trade offs [12:47] Your audience will tell you what they want and where they are, if you're willing to listen [14:42] The only time you want to ignore what your audience is saying they want is when you're a part of a big market disruptor Website: www.ShankMinds.com www.FasterThanNormal.com

Jason wraps up his interview with Macro Watch's Richard Duncan. The two tackle the topic of rising interest rates, better uses for going into further debt than giving it to tax reform, how the Fed will react to a tanking stock market, and what we can expect to see over the next few years. Key Takeaways: [00:45] What people don't realize about interest rates "People buy houses on a payment, not a price" [1:56] What the Fed will do if the market drops 10% and what else will happen if it drops 20% [5:15] What Richard wishes the government had done with the $1 trillion in new deficits that will occur from the new tax reform [9:50] Why Richard thinks the government can invest as wisely as private companies [14:16] What are the next few years going to look like? [16:49] People need to get very familiar with quantitative tightening Websites: www.RichardDuncanEconomics.com (promo code: GLOBAL for 50% off)

Jason Hartman welcomes Richard Duncan back to the show to discuss what's going on with fiscal policy and interest rates right now. In the first half of the interview Richard talks about how the trade imbalance with China has enriched the nation and brought millions out of poverty, as well as how the general public has no idea how much the Fed is actually tightening, and how that will impact interest rates. Key Takeaways: [3:04] Jason's theory on asset inflation and what it means if the millennials don't join the investor class like the baby boomers did [5:41] Why the future from an Asian perspective is much brighter than from a US perspective [7:50] Who's gotten the better end of the China/US trade imbalance? [13:27] Richard believes the Fed is tightening more than people are understanding [17:36] The Fed has been destroying at least $10 billion a month since October 2017 and it's going to get bigger [20:11] The Fed will have destroyed $1 trillion by the end of 2019 if they follow through on their announced p

Jason Hartman talks with Jason van den Brand, CEO & Co-Founder at Lenda, an online mortgage platform. The two of them discuss the current status of the mortgage market, what kind of easing or tightening we might see in the near future, how Lenda is able to cut fees in the lending process, how to get a rate quote, and more. Key Takeaways: [1:24] What is Lenda? [4:07] What Lenda is expecting to happen in the mortgage market this coming year [8:38] The loans that are available through Lenda [13:23] What you need to do to get a rate quote [16:40] Is mortgage regulation going to loosen in the near future? [19:06] Does Lenda have the same fees as conventional lenders or do they differ? Website: www.Lenda.com

Jason Hartman talks with Flavia Berys, host of the Lifestyle Solopreneur podcast and teacher at Landlord Prep, about the current legal landscape of short term rentals. The fight between residents and landlords of short term rentals isn't going to end anytime soon, but Flavia has her finger on the pulse when it comes to what's happening right now. Flavia discusses where to find good, long term tenants, and gives some tips on how to properly manage your properties to get the best reviews from your tenants, and keep your things safe. Key Takeaways: [3:56] What is the status of STRs in California [6:14] The issue of laws for STRs and property rights of the owner [12:44] 2-3 month long rentals for traveling professionals is a great market, but where do you find them? [15:29] You need to decide what amenities to offer from the onset [18:46] How Flavia uses her security system, and how you have to deal with cameras and your tenants [21:34] How remote Flavia manages her properties, and a reminder that being a STR hos

Jason Hartman takes this episode to delve into some important happenings in the real estate world today. Some of Trump's recent moves have been bringing jobs back to the states, and companies are expected to bring money back, and it's creating good times for a lot of people. With that good time comes something every real estate investor can enjoy, rent inflation. BUT, when times are good it's important to be vigilant with your providers and make sure they're not getting lazy. Key Takeaways: [3:58] Jobs are coming back to America [7:27] Rent inflation is coming [12:46] As a real estate investor, it's critical that you remember who your customer really is (hint: it's the tenant) [16:05] In a booming economy, the big job as a real estate broker is the job of sorting people out [20:12] Sometimes the booms can make providers a little sloppy, so it's important to stay on top of property managers and the like Website: www.JasonHartman.com/Properties

If you want a story of someone who started with nothing and ended up with everything, Tom Cafarella is your man. Jason Hartman talks with Tom about his experience starting out in real estate with no money, how he worked his way up, how he sources his properties, how you can evict tenants in tenant friendly areas, and more. Key Takeaways: [2:09] Tom's journey to leave corporate America (which started immediately upon entering) [7:02] Tom's first fix and flip deal [9:59] Flippers may have spending money, but buy and hold investors accumulate real wealth [14:18] How is Tom sourcing his properties? [17:56] Suggestions for evicting in tenant friendly municipalities [19:30] Should you have a real estate license when you start wholesaling? Website: www.RealEstateInvestingIsEasy.com

Jason Hartman talks with Daniel Amerman, CFA, about the need for legitimate economic data and whether we can get any of that from the government. The two also take a deep look at our nation's rising debt and what that means for the US currency moving forward. Key Takeaways: [2:42] Daniel recently reverse engineered the Congressional Budget Office's long term economic outlooko [6:32] Is the CBO a credible source of information? [8:41] Technically there's no such thing as an unfunded liability [13:47] What does a heavily indebted nation mean for the investor? [15:57] "It's crucially clear that, when you have a $20 trillion national debt, that interest rates can't rise too much" [19:48] Why Jason hates hedonic indexes [23:39] There's a lot of inflation that we either don't see or we don't acknowledge [28:12] A 2% higher rate of inflation is magic for maintaining financial solvency [31:23] When everyone learned that stocks were the magic wealth building machine they bid the prices of stocks so high the dividends