The Creating Wealth Show Blogcast - podcast cover

The Creating Wealth Show Blogcast

Jason Hartman with Ben Carson, Noam Chomsky, Robert Kiyosaki, John McAfee,www.jasonhartman.com
This is a short professional reading, audio blog or blogcast from the JasonHartman.com blog. You'll learn how to survive and thrive in today's economy as business and real estate investment guru, Jason Hartman shows you innovative ways to "game the system" relating to the American economic mess, Wall Street scams, mortgage meltdown, inflation induced debt destruction, deflation and monetary policy. Jason shares his no-hype investment strategies for REO's / foreclosures, auctions, lease options, land contracts, mobile home parks, self-storage facilities, rental apartments, office, retail, industrial, tax liens, loan modifications, credit repair and commercial real estate. Jason Hartman is a self-made multi-millionaire with years of financial experience. He currently owns properties in several states and has been involved in thousands of real estate transactions. Subscribe now for free to learn how to follow in Jason's footsteps for a more abundant life.
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Episodes

CW Blogcast 19 - Direct control of your investments - exhibit A.

Former NASDQ chairman, Bernie Madoff, will be spending the next 150 years in prison. Since he’s 71 right now, that means he’ll be a free man once again at age 221. Nobody’s feeling too sorry for The Ponzi King right now though. Even his sons refuse to talk to him. The scope and breadth of Madoff’s investment fraud is staggering. To those who have been following Jason Hartman for any length of time, this really should come as no surprise. Any time you give up direct control of your investments, t...

Apr 22, 20132 min

CW Blogcast 18 - Identity theft and finding the right tenant.

It’s no secret identity theft is a booming business. This can have serious impact on you as an income property owner. It’s hard enough to find quality tenants without having to worry about whether they are actually who they say they are. I mean, what better way for chronically deadbeat renters to sneak into your property than claiming a whole new identity? But don’t worry too much. Most of these characters aren’t the brightest bulbs on the circuit, so a checklist of diligent screening processes ...

Apr 22, 20132 min

CW Blogcast 17 - More on the "national" housing market.

Just read a funny analogy about the myth of a US housing market. It went something like this. Coming up with a national housing number is like a weatherman who combines weather conditions in Nome, Alaska and Key West, Florida to arrive at a national average temperature of 45 degrees. While technically correct, this is basically useless information. So it is with trying to pin down nationwide trends in housing. Real estate markets are notoriously hyper-local. Averages simply have no meaning. As i...

Apr 21, 20132 min

CW Blogcast 16 - Jason loves his new iPhone application.

The truth is Jason not only loves his iPhone but he really loves the fact that there is now a Property Tracker application to run on it. Longtime listeners have heard of Property Tracker before. It is Platinum Properties Investor Network’s software of choice for small to medium size income property investors. We didn’t invent the thing but we sure do love it, especially now that it has been implemented to work with the swanky new iPhone. Simply put, this is the most powerful real estate analysis...

Apr 21, 20132 min

CW Blogcast 15 - Don't get hit by the shrapnel of the "fatal conceit".

The "fatal conceit" is an idea coined by Friedrich Hayek. It simply means that central planners working for the government tend to miraculously consider themselves free from sin and error. Nowhere is this more evident than in watching the present gang of do-gooders try to borrow their way out of a mess created primarily by, you guessed it, debt. So while names like Obama, Bernanke, and Geithner fervently believe they can do a better job distributing capital than the free market, we occupy ringsi...

Apr 20, 20132 min

CW Blogcast 14 - Two stages of wealth creation.

Buying real estate for investment purposes can seem like a big chunk of information to digest if you look at it all at once. Let’s break it down into more manageable bites. The simplest part is Stage 1. During this time your primary focus is to stock up on debt. You want lots and lots of debt attached to high-quality, fixed-rate, long-term, investment grade debt. More specifically, you want this debt attached to packaged commodities, basic materials that are in high demand when used to construct...

Apr 20, 20132 min

CW Blogcast 13 - The Reluctant Investor's Lament.

Jason likes to close the monthly Creating Wealth in Today’s Economy seminar with a poem called The Reluctant Investor’s Lament. It was written in 1977, but still packs a wallop of powerful thoughts. Below is an abridged version for your reading pleasure. “I hesitate to make a list, of all the countless deals I’ve missed;Bonanzas that were in my grip, I watched them through my fingers slip; The windfalls which I should have bought, were lost because I over thought I thought of this, I thought of ...

Apr 19, 20132 min

CW Blogcast 12 - The easy way to get a loan modification.

Every once in a while you hear a story that makes you go, “Hmm, how DOES something like that even happen?” It all goes back to the secondary mortgage market and the practice of banks and Wall Street firms buying and selling pools of mortgages – one loan was sold 39 times, according to Kim Nguyen, an acquaintance of Jason’s who practices law in southern California. Nguyen recounted how he represented a client over a $650,000.00 loan that was being refinanced but ended up in foreclosure court. One...

Apr 19, 20132 min

CW Blogcast 11 - Owners, make your property manager happy.

You’ve bought your first income property and have a property manager in place. You can’t just turn off your cell phone and take a year-long yacht cruise to the South Pacific. There are some responsibilities you, the owner, still have. Here’s a quick list. 1. Interview the property manager BEFORE executing final purchase contract to discuss reasonable rental rates for that particular area and property. 2. Sign the property management agreement. 3. Discuss the marketing program with property manag...

Apr 18, 20132 min

CW Blogcast 10 - They're melting in California

As a California-based business, we offer the following commentary and wonder, “Why are we still here?” Yes, it’s warm in California but we’re talking about a different kind of melting. On June 10, 2009, California Controller John Chiang had this to say about the Golden State’s economic future. “Without immediate solutions from the governor and legislature, we are less than 50 days away from a meltdown of state government.” This could get ugly, folks. Unlike the federal government, California doe...

Apr 18, 20132 min

CW Blogcast 9 - Income property arbitrage

Let’s define arbitrage. Arbitrage is when an investor profits by exploiting small price differences between similar (or identical) financial instruments. Arbitrage occurs because of pricing inefficiencies in a market. These small price blips can add up to big money for the shrewd investor. Think George Soros – he made his fortune in the margins of the currency market. But we don’t care about George. We’re here to talk about Double Inflation Arbitrage in the income property market. Here’s how tha...

Apr 17, 20132 min

CW Blogcast 8 - How do WE make money?

Maybe it’s been nibbling at the back of your brain – how do these people at Platinum Properties Investor Network make money anyway? They seem to be giving all the good information for free. We do give away a lot. It’s part of the business model. The first thing to understand is we’re not a traditional real estate company. Our focus is teaching people to invest the right way and then offering them quality opportunities via recommendations through our network. Obviously, we make money through our ...

Apr 17, 20132 min

CW Blogcast 7 - What exactly does a property manager do?

As you may know, we are BIG fans of property managers. The small percentage of monthly rent diverted to their wallets for services rendered could very well save you an aneurysm from handling tenant complaints. Trust us, whether you live next door to your investment or across the country, you DO want a good property manager. What sorts of tasks will a property manager take off your plate? Here’s a quick overview. 1. Conduct property inspections and/or final walk though with builder.2. Advertise f...

Apr 16, 20132 min

CW Blogcast 6 - A definition of "investment."

You see the word “investment” tossed around quite often within these posts but what do we really mean when we refer to an investment? You likely have (correctly) ascertained we don’t consider anything sold on the Wall Street exchange an investment. Ditto for NASDAQ. Double ditto for treasuries or CD’s. But what is an investment and why do we define it as that? Anything that does not produce income or rent is only speculation. Investing is not about speculation or gambling and it is not a get-ric...

Apr 16, 20132 min

CW Blogcast 5 - Ditch the dollar during temporary deflation

While it is our fervent belief that “inflationary times, they are a comin’ back”, there’s no denying that we are in a period of deflation right now. What does that mean? Prices are a little lower and the dollar is a little stronger. While this market condition might wander along for a couple of years, don’t kid yourself. It’s just the calm before the coming inflationary storm. Is it time to sing praises to the economic geniuses guiding federal fiscal policy? No. Is it time to put on your happy h...

Apr 15, 20132 min

CW Blogcast 4 - Does your property make sense or is it the village idiot?

One of Jason’s favorite concepts regarding the search for suitable investment property is does it make sense the day you buy it? What exactly does he mean by this? It all relates to the idea of sustainable investing. By sustainable we mean that the metrics of the deal will insure the property can sustain itself through rental income cash flow and you won’t be forced to sell it at the wrong time. The main reason people get themselves into trouble with real estate investing is they bought on specu...

Apr 14, 20132 min

CW Blogcast 3 - China needs concrete. You get rich.

Did you know that house or apartment building sitting on your property is a packaged commodity? Think about it. What is a structure except a compilation of commodities like copper, wood, steel…and concrete. Low tech sticks and bricks, if you will, that contribute to how expensive or how cheap the price tag is. Despite frequent appearances to the contrary, the value of a property isn’t just a number plucked out of thin air. There are very simple forces at work behind the scenes driving the bus. F...

Apr 04, 20132 min

CW Blogcast 2 - How does inflation devour debt?

It seems counter-intuitive and the idea that debt is GREAT for the real estate investor is one of the hardest ideas to communicate to property investors who show up on our doorstep eager to learn the right way to invest in real estate. There are plenty of wrong ways. Paying off your mortgage quickly is one of the worst ways! Please believe us when we say this. It’s much better to put as little of your own money into the property as possible and try to stretch that note out to 30 years or longer ...

Apr 03, 20132 min

CW Blogcast 1- Invest Like Jason's Mom

Real estate investing is in Jason’s blood. His mom has been doing it a long time and recently retired with 13 properties owned free and clear (paid off). The properties are worth about $7 million and the rental income adds up to about $220,000 annually. At this point she has several options but let’s pretend like she has decided to take the equity out and invest it. She could toss it into “safe” CD’s or mutual funds and, even if they returned 5% a year, she would earn $350,000. Not so fast! Got ...

Apr 03, 20132 min
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