Young Wealth by The Jason Hartman Foundation (general)

Hoax or not, we are facing a recession. Jason Hartman discusses the suburban differences between China and the U.S. We should all expect to see Stimulus Maximus. How much debt can we handle before things don’t work out? 

Our guest today is Venture Alliance Member Mike Zlotnik who is preparing for the good, bad and ugly. 

Key Takeaways:

[3:00] Hoax or not, we are facing a recession

[5:15] √ 

[10:00] The U.S. is unlike China, think suburbia

[11:50] Stimulus Maximus

[14:00] How much debt is too much debt? Nobody knows

[19:30] How is the market responding to the Coronavirus right now?

[20:30] I cannot predict the future, just prepare for the good, bad, and the ugly

[29:15] Buying limited partner (LP) shares at a big discount

[31:30] A migration away from the dense areas of residence

Websites:

VIDEO: Don't Expect Millions To Die From Coronavirus, Says Richard Epstein

1.800.Hartman

www.JasonHartman.com

www.SolomonSuccess.com

Jason Hartman PropertyCast (Libsyn)

Jason Hartman PropertyCast (iTunes)

www.BigMikeFund.com

Direct download: YW_Mike_Zlotnik.mp3
Category:general -- posted at: 7:00pm EDT

Jason Hartman speaks with returning guest and author of the book, “Heads I Win Tails You Lose,” Patrick Donohoe. The conversation touches on topics of an ever changing world culture that continues to reshape how we approach wealth, the freedom to do, and in what we find meaning. Despite some of the chaos and cultural decay, the 2020’s are going to bring some excitement to the world.

Key Takeaways:

[20:40] It’s not freedom from having to do something, it’s freedom to do something.

[22:07] The order of magnitude: an interesting time in history where we are going to see massive change. 

[24:00] The rising 3 billion, that aren’t online yet: If you think that society has benefited from sharing knowledge, you’re right. 

[26:38] There will always be winners and losers

[28:40] The Ritz Carlton Slogan discussion “Systemize the predictable so you can humanize the exceptional.”

[32:27] People are still trying to find meaning in other things. 

[33:16] A little bit of struggle is good for the human spirit

Websites:

www.Jason Hartman.com/Properties

www.HeadsOrTailsIWin.com

Direct download: YW__Pat_Donahoe_Its_Amazing_To_Be_Alive.mp3
Category:general -- posted at: 12:00pm EDT

Almost speechless, Jason Hartman discusses financial strategy along with best/worst-case scenarios in dealing with the Coronavirus. The economy of planet Earth is possibly facing a global hibernation, how long will it last, and how will we recover? 

In today’s second segment, Jason speaks with guest Drew Baker, about self-management tips and applications to ease some of the hassles. Drew speaks about his experiences with the value of quality tenants. 

Key Takeaways:

[2:51] The economy of planet Earth is going into hibernation mode

[4:08] “Buy on fear, sell on greed.” -Warren Buffet

[6:28] How do you recover from a couple of months sliced out of an annual GDP?

[8:15] Exploring best/worst-case hypotheticals

[12:05] Supply/demand shock

[14:00] Inflation Induced Debt Destruction profits to come

[17:30] Drew Baker

[18:43] Buildium vs Property Tracker

[23:00] A better quality tenant can make for an easier self-management experience, a lower quality tenant makes the property manager a little more needed

[27:00] A great tenant goes a long way

[32:00] Coronavirus, a baby-boomer bomb

Websites:

www.JasonHartman.com

Jason Hartman PropertyCast (Libsyn)

Jason Hartman PropertyCast (iTunes)

www.holisticsurvival.com/

Direct download: YW_Drew_Baker_1412.mp3
Category:general -- posted at: 12:00pm EDT

Jason is joined with investment counselor Carrie to discuss some more current properties. Take a mini-tour with Carrie in York, Pennsylvania, or listen up for this auditory property tour through Alabama, Georgia, and Indiana. 

In the second segment today, Jason discusses the hybrid approach to property management, prompted by a Voxer message from client Bruce. As well, Jason speaks on three basic economic maladies; inflation, deflation, and stagnation. This drives the show to our final topic of Jimmy Carter and Malthusian thinking. 

Key Takeaways:

[1:20] Atlanta, Georgia area property only 9 miles from the Hartsfield-Jackson Airport

[4:30] Port city, Mobile, Alabama property offers low property taxes

[7:00] Property Tour with Carrie in York, Pennsylvania

[9:00] The latest empowered investor, Bruce, taking the hybrid approach

[11:40] Firing your property manager, self-managing or the hybrid approach. Not all bad or mysterious

[13:30] The three basic economic maladies; inflation, deflation, and stagnation

[18:40] The carter administration was typified by Malthusian thinking 

[19:45] Jimmy Carter’s infamous Malaise Speech

Websites:

www.JasonHartman.com/ask

www.JasonHartman.com

Direct download: YW_152_Hybrid_Property_Management__Malthusian_Thinking.mp3
Category:general -- posted at: 7:00pm EDT

Super-Monday, the youngest Creating Wealth listener and a letter about money from the late great Kobe Bryant. Today, investment counselor, Naresh returns with questions for Jason about a few investment properties in “The Vegas of the South,” and Citrus Springs Florida. Jason elaborates on the recurring real estate investment theme of “Refi ‘till you Die.” And finally, the importance of understanding ROA (Return On Amortization).

Key Takeaways:

[4:28] A Fourplex, new home construction deal!

[7:05] Tunica Resorts property, the Vegas of the South

[8:32] 32% return on invest IS a conservative number in a multidimensional asset class

[8:50] How To Analyze an Asset Class, Free Video – JasonHartman.com

[9:45] Advice on money, from a letter that Kobe Bryant wrote

[15:30] “Refi ‘till you Die” plan

[16:20] ROA return on amortization

[26:50] Citrus Springs, Florida

Website:

www.JasonHartman.com

Mamba Mentality: The Mindset That Made Kobe Bryant a Master

Direct download: YW_151_Common_Investment_Property_Questions.mp3
Category:general -- posted at: 7:00pm EDT

Thou shalt diversify. The continuation of our discussion on due diligence. Jason and Adam present tips on investigating the areas in which you own property. Use tools like google street view to take a tour of the surrounding areas to understand the influences for value and rent.

Adam shares a real life scenario on a property in Merrillville, Indiana. Find out what questions you should ask before investing in a property.

Key Takeaways:

[3:00] Thou shalt diversify. Diversity into three to five markets.

[5:55] Use google street view to understand the areas that surround your investment.

[8:30] Check with local property management companies to confirm rent estimates.

[11:15] Put the system to work with a real life evaluation of a current property.

[14:10] The institutional apartments do a really good job of squeezing the rent out. We should be demanding more for our properties.

Websites:

www.JasonHartman.com/Properties

Direct download: YW_150_Due_Diligence_2_The_Necessary_Steps.mp3
Category:general -- posted at: 7:00pm EDT

Do the Due! Do your due diligence. Jason Hartman speaks with investment counselor Adam Schroeder about key aspects of income property investing including; checking home prices with Zillow and contacting the Tax Assessor. The two give insight on working with lenders and the importance of home inspection and re-inspection.

Key Takeaways:

[4:00] Where to find pricing: MLS, Zillow and Tax Assessor

[9:10] Pictures can be insanely misleading. Sometimes, it’s not even the same house.

[14:25] A quick call to the country tax assessor can give you a ballpark estimate on taxes for an investment property.

[19:35] Lender deals can change due to dynamics of reevaluations.

[24:00] The licensing laws vary from state to state, check the requirements for you state

Websites:

www.JasonHartman.com/Properties

Direct download: YW_149_Due_Diligence1.mp3
Category:general -- posted at: 12:00pm EDT

Investment counselor Adam Schroeder talks with one of the lenders in the network to discuss what mortgage rates investors should be expecting.

Website:

www.JasonHartman.com/Properties

Direct download: YW_147_Mortgage_Update.mp3
Category:general -- posted at: 12:00pm EDT

Super-Monday, the youngest Creating Wealth listener and a letter about money from the late great Kobe Bryant. Today, investment counselor, Naresh returns with questions for Jason about a few investment properties in “The Vegas of the South,” and Citrus Springs Florida. Jason embellishes on the recurring real estate investment theme of “Refi ‘till you Die.” And finally, the importance of understanding ROA (Return On Amortization).

Key Takeaways:

[4:28] A Fourplex, new home construction deal!

[7:05] Tunica Resorts property, the Vegas of the South

[8:32] 32% return on invest IS a conservative number in a multidimensional asset class

[8:50] How To Analyze an Asset Class, Free Video - JasonHartman.com

[9:45] Advice on money, from a letter that Kobe Bryant wrote

[15:30] “Refi ‘till you Die” plan

[16:20] ROA return on amortization

[26:50] Citrus Springs Florida

Website:

www.JasonHartman.com

The Mindset That Made Kobe Bryant A Master

Direct download: YW_146_Common_Questions.mp3
Category:general -- posted at: 3:45pm EDT

Jason Hartman and economist Thomas look back on the 2010s to see what the biggest stories were for investors. From the War on Terror to Obamacare to the aftermath of the Great Recession, it was a decade fraught with ups and downs that provided opportunities for investors to make good money.

Key Takeaways:

[5:13] The 10th biggest story of the decade: the War on Terror explodes the deficit

[8:20] Why European debt issues will come to the fore in 2022

[12:37] The idea of Purchasing Power Parity and what it says about China's economy vs the US

[16:42] As much as Jason doesn't like Obamacare, it makes the list of Top Stories of the 2010s

[26:53] What Jason learned years ago during his day as a lobbyist

[29:10] Thomas is seeing at least a 15% drop in the market coming when the Fed decides to let risk enter the market again

Website:

www.JasonHartman.com/Properties

Direct download: YW_146_Thomas.mp3
Category:general -- posted at: 10:14pm EDT