Jason Hartman recently went on the Yellow Bird Podcast with Kyle Passkiewicz to discuss his “Area Agnostic” approach to investing, opportunities to jump into your local market, working with international buyers, and much more.
Kyle Passkiewicz is the President of YellowBird and oversees operations of its affiliated businesses. For the past 15 years, Kyle has captained the firm with the sole purpose of sourcing and managing investment opportunities for his companies and partners. He has built a team of true professionals pursuing investments ranging from single family homes, land development, hard money lending, home building, home staging & rental portfolio management.
Jason discusses the importance of opportunity costs using one of his properties as an example. About 15 years ago, he purchased a home in Austin, Texas for $150,000 and rented it for $1400 a month. Now it’s worth $250,000 and is rented for $1700. While some may think the property is doing well, the fact that the rent is not keeping pace with the appreciation is an indication that the property is doing much worse than when he originally purchased it. He also discusses how having more leverage and debt decreases risk. The riskiest position is having the equity tied up in the property.
Jason Hartman drops by Behind the Podcast to chat about his origin story, the strategy behind having multiple podcasts, landing big name guests, the right way to view your audience, growth tactics, prioritizing focus, and why he thinks we will all be creating podcasts a decade from now.
3:15 – How he made the decision to launch multiple podcasts over the years
4:30 – Why he was able to land some big name guests
5:15 – The reason a big name doesn’t always make a great interview
6:50 – Why you should stop looking at your numbers
9:00: – The right way to view your audience, at any size
10:10: – Their most powerful tactic for growth
10:45: – Why the podcasting world is inherently organic
12:00 – How to prioritize your focus as a podcaster
12:45 – Why he has been able to be so prolific over the years
13:30 – How they recently made the INC 5000 list
14:30 – Why he creates various forms of content for all audiences
16:15 – How Jason views the future of podcasting
20:00 – The Final Five
Jason Hartman recently went on the Sell or Die podcast with Jeffrey Gittomer and Jennifer Gluckow to discuss taking your real estate investing from gold to platinum.
Investing in real estate is part of the American dream and Jason is gonna dole out a few nuggets on how to successfully ply your trade in it. Plus, Jason reveals what he’d do if he were starting out in real estate today.
Jason Hartman went on Take the Lead Radio with Dr Diane Hamilton to discuss the largest expense in your life, what you're actually buying when you get an investment home, and the desire to avoid properties with big HOAs. Jason also covers some of his commandments and dispels a myth that keeps many people from becoming landlords.
[1:49] Taxation is the single largest expense in our life yet most people seem to throw up their hands and think there's nothing they can do about it
[4:38] The 2 things you're actually buying when you buy an investment home
[8:37] What does Jason mean when he says a property must "make sense"?
[12:23] Be careful with property managers and with over diversification
[15:45] Look for areas with no HOA or with minimal HOA
[18:32] The 3 types of markets in the US
[23:29] The midnight phone call myth
Jason Hartman talks with Ken Morgan, host of Business for Breakfast, about the myth of the "US real estate market". The two look into the state of some of the more cyclical markets and how the higher priced homes are starting to soften in terms of sales. Jason also explains how right now builders are struggling with land acquisition costs as well as cost of construction.
Jason Hartman went on the Financial Survival Network with Kerry Lutz on January 9, 2018 to discuss his prediction from 6 years ago that came more than true: 6 years, 6,000,000 new renters. In actuality it was over 7 million new renters, but Jason explains how he was able to foresee it, why limiting friction helps the economy, and why the property tax changes in the GOP Tax Reform could cause people to start voting with their feet.
[3:12] Interest rates will be increasing this year, so if you want to buy property NOW is a better time than later
[6:53] Hopefully the property tax changes will make people ask their states why they're being taxed so high
[11:09] Jason's 6 million new renters prediction that came true, and then some
[14:59] The best thing for an economy is to have less friction in all things
[18:01] Owning the home you live in should be looked at as consumer consumption
In his 10th episode interview, Jason talks with serial entrepreneur Peter Sage, author of 5 Keys to Master Your Life, about his recent 6 month stay in jail and how he was able to use that as a teaching (and learning) experience for himself, the inmates, and his students.
The two touch on the importance of identity, the need for ego strength & ego drive, what drives people, and more.
[2:42] Peter's latest "adventure" that landed him in jail
[7:08] Identity plays a huge part in how you deal with life
[12:59] Peter's idea of a "contrast frame"
[15:16] Why do people give up at the first sign of adversity? The difference between ego strength & ego drive
[17:27] Most people are driven by G.O.O.P.
[21:50] We need to learn how to love more
Man's Search for Meaning by Viktor Frankl
Jason Hartman joined Kerry Lutz on The Financal Survival Network with Kerry Lutz on December 12, 2017, to discuss how the new GOP Tax Reform bill might be impacting real estate investors, why property tax deduction limits will impact home ownership, and how becoming a partner in a pass through entity will be huge for a lot of employees.
[4:52] Is the new tax bill really a boon to real estate investors?
[9:20] The tax implications of the property tax deduction change
[12:42] How your tax bill can change when you become a partner in a pass through entity, and how it encourages entrepreneurialism
[16:16] The second part of the tax bill that's going to be fantastic for real estate investors
[22:28] The Meet the Masters lineup
Jason Hartman went back on The Financal Survival Network with Kerry Lutz on October 16, 2017, to discuss what's going on in real estate around the country, if we're approaching the top of the market, what's happened to the banks that were "too big to fail", Blockchain technology, and more.
Host Kerry Lutz and Jason also take a dive into the mortgage crisis of 2008, and whether it could make a comeback in today's environment.
[2:39] Where are the assets?
[7:15] Why it's important to remember that you can't hear the dogs that don't bark
[9:20] Too big to fail has gotten even bigger
[12:47] Jason saw the first part of the mortgage crisis coming, but didn't see the second part that involved Wall Street coming at all
[17:50] Blockchain technology is phenomenal, but it's not Bitcoin, which you HAVE to remember
Tyler Sheff, host of The Cash Flow Guys Podcast, invited Jason Hartman on his show to discuss the different market types in the USA, and got some tips on remote managing as well. Jason explains that the stigma behind buying homes sight unseen, as well as self managing properties a thousand miles away, has abated some due to the wonders of technology.
[2:12] What Jason learned when he owned properties in 11 states
[7:08] Whether Tampa is a linear, hybrid, or cyclical market
[11:34] Our brains relation to the number 3 and how it relates to Jason's diversification strategy
[16:13] Jason's experience of beginning to self manage his remote properties
[18:46] When tenants are connected directly rather than through a property manager they tend to take care of more things themselves
[23:48] The need for standardized data when evaluating properties
Jason returns to The Women Investing Network podcast to talk about what's going on in the world of real estate and inflation right now. They discuss some linear, hybrid, and cyclical markets, as well as the influence of foreign investors in the US real estate landscape.
[1:58] What Jason learned on his 7 week vacation/trip to Europe
[6:00] The patterns of countries like Japan and the importance of demographics
[10:25] Whether "this time it's different" is at all applicable in this cycle, or if it's just wishful thinking before a bubble bursts
[14:35] Donald Trump is loosening the flood gates of money, and how it will effect real estate investing
[12:13] The impact that foreign investment has on US markets
[26:58] A lot of the invisible inflation can be seen is by the rise of self-service
[32:11] We've got to stop viewing minimum wage jobs as careers
Jason stopped by the Financial Survival Network to talk with Kerry Lutz about the explosion of available credit in the United States over the past few decades. The two also touch on feminism, the Federal Reserve, aligning your investing interests with the government, and more as they strive to ensure you don't lose your hard earned money.
They also discuss the downside to available credit, in that the real estate market is being flooded with investors and making deals harder and harder to find.
Getting a stable of clients is important for any business, everyone knows that. But it's not about getting 100,000 of them, it's about getting a group of active clients, no matter the size. That is how success is made.
Jason Hartman talks with Mitch Russo, host of the Your First Thousand Clients Podcast, about ways you can ensure your success when investing in real estate, what an investment actually is, why diversification is critical, and why you should focus on cheap or free education.
[1:40] Why it's not the quantity of your clients, it's the quality
[7:30] Why Jason thinks some people who have tried to get into real estate investing have failed
[10:56] Any investment should yield cash flow, or it's a speculation
[14:58] There's no such thing as "passive income"
[19:01] Why investing locally isn't the most prudent option
[24:20] How Jason's company works
[27:50] Education these days should be either very cheap or free
[31:06] The one person Jason would like to spend an afternoon talking to
[32:25] What Jason is doing right now that could potentially change society
Jason Hartman hops onto the Exposure Ninja podcast with Tim Cameron-Kitchen to talk personal branding, real estate, and podcasting.
[5:07] The importance of taking strong positions for your personal brand
[6:59] Why Jason decided that his dislike for Wall Street was something he could use for his personal brand
[11:17] Using your polarizing beliefs to form a relationship with your followers
[15:10] Farming as a marketing strategy
[19:48] The best way to learn something is to teach it
Jason Hartman was interviewed by The Real Brian for his Profitcast podcast. The two went deep down the rabbit hole of podcasting. They discuss building a community, the importance of polarization, the 10 Commandments of Podcasting, rational reasonable recklessness and more.
[5:21] An embarrassing fact about Jason
[8:14] What got Jason into real estate
[12:04] How do you balance your passion with paying bills
[15:05] You have to ask yourself, "is the rest of the world interested in this?", and the niche makeup of our world now
[18:27] Starting a podcast opens up your world to thought leaders and refine your ideas
[23:07] The Law of Polarization
[26:59] What lessons Jason's learned from podcasting
[33:12] Identifying the common enemy for your audience
[37:16] The barrier to entry for podcasting is low, and an embarrassing fact about Jason's podcasting
[42:43] The importance of publishing regularly, and the maturation of podcasting
[46:37] One encouragement currently in Jason's life
[52:36] Some information on Jason Hartman University
Jason Hartman went on The Apartment Building Investing Podcast with Michael Blank to talk about what caused him to start investing in real estate nationwide, why it's important to diversify, how to be a good real estate investor, and some advice to any newbies out there.
Michael Blank is all about buying apartment buildings with other people's money, and has been doing so since he went to a Dave Lindahl boot camp in 2007.
[3:11] What caused Jason to decide to invest nationally
[8:38] Jason tried to warn the California investors about the dangers of investing in cyclical markets when homes were seeing 24% appreciation per year
[10:05] Jason's response to the people who keep waiting for real estate prices to come down, and his thoughts on the Case-Shiller index
[13:15] The first thing you need to do if you're going to be a good real estate investor
[16:45] Jason's advice for someone getting started in real estate investing now
"Geography is less meaningful than it's ever been in human history"
Interview recorded 4/11/2017
Jason Hartman talks with best selling author, Grant Cardone. Grant believes that life is not what you know, but who you know, and he explains what led him to write his book, The 10X Rule, how to get the life you really want, and why the only way you can make sure you're taken care of in this world is to rely on yourself. That's why thinking 10X bigger than you currently are is a must.
Grant is Executive Producer of Turnaround King, and Host of the Cardone Zone.
[4:30] Grant’s new venture Act Like Success is based on committing first and figure the rest out later.
[9:52] The 10X Rule is based on a concept that the goals, targets and actions people are making are low based on their potential.
[12:07] How to stay excited and make your goals 10X.
[13:57] Breaking free of middle-class thinking.
[21:17] Find power in who you know not what you know.
[25:46] You have to do whatever it takes!
Jason Hartman went on to the Perpetual Wealth Club with Tony Neumeyer to talk about real estate markets, looming inflation (and how it will impact your real estate portfolio), choosing your investment type, and analyzing properties to put yourself in the best situation to succeed.
The Perpetual Wealth Club aims to help people attain passive income, and thus, freedom. Tony suffered through a bankruptcy following a real estate crash when he was in his early 20s. Now, however, he's rebuilt himself and is aiming to make sure others don't emulate his mistakes.
[3:06] One of the mistakes Jason made when he started investing nationwide, and how he fixed it
[6:01] The issue of illiquidity when investing in real estate
[9:32] The 3 real estate markets: linear, cyclical and hybrid markets
[12:41] How to minimize risk and protect yourself from the downside
[15:26] What effect the long stretch of low inflation is going to have
[19:57] How periods of inflation impact your real estate investment debt
[22:59] How to decide between investing in residential or commercial real estate
[26:33] Running through a few of Jason's 10 commandments of real estate investing
[29:20] Jason gives the rundown on his real estate evaluator software
Jason Hartman grabs a cosmo and joins Shannon McLay to talk about investing for the long term, securing your real estate portfolio, protecting yourself and your investments, and some of Jason's favorite travel memories.
[6:04] Why Jason decided to buy his first rental property, and whether it was hard to be taken seriously by tenants at 20 years old
[10:07] The power of leverage, and qualifying for financing
[13:24] Explaining Commandment #5, Thou Shall Not Gamble
[17:48] Getting into Commandments #6 & 7, Thou Shalt Diversify and Thou Shalt Be Area Agnostic
[20:02] Comparing investing in real estate not near you to investing in stocks
[25:28] Do you need to set up an LLC to invest or should you just do it in your own name?
[26:58] The wise saying of Jason's grandmother
[28:43] How much money you need to have on hand for any maintenance that needs to be done to homes in your portfolio
[32:54] Some of Jason's favorite countries he's visited, and Jason's fascination with communism
Interview Recorded on 11/30/2015
Jason Hartman was invited on to the CashFlow Ninja Podcast with MC Laubscher. Jason and MC discussed Trump repealing/gutting Dodd-Frank, investing in real estate, marketing and monetizing your podcast, and handing down knowledge to the next generation.
[3:26] The real estate industry's terrible marketing problem
[4:48] Jason's investment philosophy and if he has a checklist of things he looks for in a property
[8:45] What the overall US real estate market is doing
[11:50] How Jason expects the US economy to do under Trump
[15:22] What Jason loves about the way Trump is handling US companies looking to move out of the country
[16:51] The hidden danger in our economy right now and how to protect yourself from it
[18:47] What opportunities are out there for entrepreneurs right now
[21:18] How Jason got into podcasting
[23:35] Monetization strategies for podcasts
[26:01] Who podcasting is for these days
[31:07] What principles Jason would hand down to future generations
Jason Hartman was interviewed by Neil Ball, host of The Entrepreneur Way, to talk about how entrepreneurs can find role models, find balance in their work, become more productive, and make smart investments.
[6:57] Jason's favorite part of the job
[8:46] The 3 major problems of relinquishing control of your investments
[10:15] How Jason relaxes
[13:38] Jason's 4 virtual role models as he was growing up
[16:22] The doubts that crept into Jason's head as he moved along his entrepreneurial journey, and how he powers through those times
[18:21] The crucial P versus the PC balance
[22:02] A way that entrepreneurs can benefit their business by looking at other industries
[26:24] How Jason makes sure he hires the right people
[28:41] How much Jason's gut feelings impact his businesses
[30:42] How Jason keeps up with change in the world
[32:53] The 2 track plan that every entrepreneur needs to have
[36:02] Jason's best piece of advice for other entrepreneurs
Originally recorded on 7/19/16
On November 17, 2014, Jason Hartman went on Meron Bareket's podcast, Inspiring Innovation. Meron wanted to know more about Jason's ability to use personal branding to improve his business as he was getting his career started, as well as how to power through the times that you have self (or external) doubt creep in. Jason goes on to explain how you can use more than branding to reach success, and how leverage is important even outside of real estate.
[2:40] Why Jason keeps working and podcasting when he's already a multi-millionaire
[3:30] How personal branding has played a role in Jason's career
[6:17] What to do when the top of your market is blocking you from reaching it
[10:26] Why TV is the idiot's medium and Jason prefers podcasts instead
[12:30] Who our worst naysayers are
[15:23] What Jason does when he needs to affirm himself after experiencing naysayers
[17:59] The most important win that Jason's had
[22:16] What tip Jason has to create a better future outside of branding
[25:23] Creating leverage in Personal, Business, and Investing Life
On September 30, 2016, Jason Hartman joined Linda P Jones on her show, Be Wealthy and Smart, to discuss the critical ratio that every investor needs to understand. Jason breaks down the importance of knowing the difference between your investments land, and your investments improvement, and which number is the most likely to impact your return.
Jason breaks down his "Hartman Risk Evaluator" that can help you avoid cyclical markets and invest in prudent homes.
[4:34] Why the LTI ratio is so critical
[7:28] Jason explains his "packaged commodities investing" theory
[11:41] Looking into what goes up the most (land or improvements) during times of high housing price increases
[15:08] What to do with Jason's "Hartman Risk Evaluator" when looking for investment homes
[18:44] The trap of believing someone can predict inflation and deflation in home prices
On December 29, 2016, Jason Hartman was interviewed by Adam Eidson for The Mentee Podcast. The two men discussed the right mindset for getting your business started, the importance of finding the right group of people to elevate your life, and the basics of real estate investing.
[4:30] How Jason's journey began
[6:05] The 4 mentors in Jason's beginning who changed his life
[10:21] The two basic choices every investment has
[12:48] Jason's main points on investing for cash flow
[17:29] Important mindsets for entrepreneurs to have, and how to be around successful people even when you can't be around successful people
[21:25] Whether Jason sticks solely to single family homes
[24:16] Whether successful real estate investors rent or buy their homes (and how you can actually lose money by buying the home you live in)
[27:55] Why your home isn't an investment
[29:54] How to counter the mindset that your rental is going to get destroyed by your tenants, and some things to do to protect your home from wear and tear