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.
Key Takeaways:
[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
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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.
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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.
Key Takeaways:
[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
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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.
Key Takeaways:
[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
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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.
Key Takeaways:
[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
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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.
Key Takeaways:
[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
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