Thu, 30 November 2017
Jason Hartman and Gary Pinkerton review recent news articles which impact income property investors. Does an excess of tower cranes in an area tell a tale of a future bubble? Can you afford the rent in a large US city and still have a savings account? How does the sharing economy can make life better for consumers? And later in the show, Jason and Gary answer listener questions and Gary describes how to use a life insurance policy to make a down payment on your next income property. Key Takeaways: [04:21] Jason and Gary review an article about how a tower crane can indicate a real estate bubble. [11:43] The Income Needed to Pay Rent in the Largest U.S. Cities by Derek Miller. [13:55] Bloomberg’s article, What a London Cabbie Taught Me About Uber. [15:50] The New Human Rights Movement by Peter Joseph doesn’t look at the whole picture. [20:27] Jason and Gary answer Derek’s question about appreciation submitted during the Airpods raffle. [29:45] Gary explains how to borrow money from your own insurance policy to buy income properties or make necessary repairs. Websites: |
Fri, 24 November 2017
Gary Pinkerton kicks off the show introducing Jason's interview with Robert Kiyosaki. Back when he was just beginningWhat Gary started (and stopped) doing after he understand what Robert Kiyosaki was talking about. Would you like to escape the rat race? Famous “Rich Dad” author and speaker in the areas of personal finance, real estate and business, Robert Kiyosaki joins Jason Hartman for a discussion on success and passive income. At the age of 47, Kiyosaki retired from his business to devote time to writing, and in 1997 published the #1 New York Times best seller, Rich Dad, Poor Dad. Website: |
Wed, 22 November 2017
Gary Pinkerton welcomes Tony Wright back to the show. Last time Tony talked about becoming a successful real estate investor. This time, however, he's back to discuss his experience working on a FEMA Global Disaster Response team through the LA County Fire Department. Tony documents his experience responding to the earthquake in Nepal, as well as some of his most interesting calls as a firefighter. Key Takeaways: Gary Monologue: [1:16] The importance of a mastermind group [4:20] Ben Franklin's thoughts on masterminds, and why they're still applicable today Tony Wright Interview: [1:12] What the disaster response team is like [5:26] Whether the response team works with the locals or if they prefer to work alone [10:16] What kind of notice Tony gets as a part of the team [12:36] Disaster responses by people around the world Website: |
Fri, 17 November 2017
Jason welcomes Patrick Donohoe of The Wealth Standard Podcast to discuss the dirty details of pensions, insurance policies and Ponzi schemes. Jason describes the difficulties and common mistakes average retail investors make when investing in financial services. And, Pat gives a comprehensive overview of how to make the most of your existing policies in order to invest your money in the most historically-proven asset class, income property. Key Takeaways: [07:45] Is the US a giant Ponzi scheme? [10:51] Understanding the difference between pension benefit plans and contribution plans is essential. [20:35] The financial service industry preys on retail investors. [26:09] Harry Markopolos is waiting to capitalize on a market correction. [32:29] Analyzing the patterns and mistakes of the middle-class investor. [40:47] The Wealth Standard Podcast focuses on helping individuals understand the comprehensive nature of the economy. [43:09] Pat explains how policyholders can reduce their risk and get investment money for cash-flow properties. Website: www.VentureAllianceMastermind.com
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Wed, 15 November 2017
Gary Pinkerton talks to retired Air Force officer and current Captain of the Los Angeles County Fire Department Tony Wright about how he got started in the real estate investing world. Tony went from buying a family home that he started renting out when he couldn't think of selling the place, to now considering buying a 100 unit apartment complex. The two discuss what drives Tony, where to invest your money for the greatest return, and how others can follow the path. Key Takeaways: Gary Intro: [1:56] Meet the Masters is coming and the speaker list keeps getting better Tony Wright Interview: [10:03] Why Tony became a real estate investor [13:50] Tony initially made money on a very fortunate $2,000 investment that turned into $40,000 while he was deployed [17:09] The motivation behind Tony's continued investing and working [20:25] The #1 thing you HAVE to invest in [22:40] What's next in Tony's investment plan [25:59] Managing a property in the 30-50 unit range, and the importance on not buying based on price alone Website: "If you work hard, you live easy. If you live easy, you work hard" |
Fri, 10 November 2017
Today’s Heroic Investing Show takes a step away from real estate investment and instead, looks at one of the most successful entrepreneurial stories of recent decades. Jason Hartman invites Brian Smith, the founder and the brains behind UGG Boots to talk about the brand’s unassuming roots, the difficulties of the early years and the steps associated to selling a brand such as UGG. They also discuss many of the points raised in Brian’s book The Birth of a Brand, which applies an interesting new metaphor to the concept of brand identification and development. Key Takeaways: [6:15] The founder of UGG Boots, Brian Smith, describes the brand’s humble beginnings. [10:40] Experience can sometimes hold you back more than help you out –if you knew all of the obstacles in your way, would you ever start anything? [15:17] Every image you give out to your target market sends out a message about your brand. Make sure it’s the right message. [19:21] Understanding business means understanding that you can’t give birth to adults. [28:29] You need to be able to answer 4 main questions for an investor to even consider taking you seriously. [31:10] Never underestimate the power of product placement – it worked wonders for UGG Boots. [34:36] In business, you have to understand which aspects you’re good at and enjoy, and which you don’t. [37:33] For more information about Brian Smith, head to www.BrianSmithSpeaker.com
The Birth of a Brand: Launching Your Entrepreneurial Passion and Soul by Brian Smith The essence of good advertising is to make the reader want to be in the ad To be a good entrepreneur, you almost need a certain amount of ignorance, or even just innocence. If Americans didn’t understand the properties of sheepskin, how is it that something like UGG Boots ever got so big? |
Wed, 8 November 2017
On this 10th episode, Jason Hartman talks to Dr Gary Chapman, author of The Five Love Languages. We each have one of these languages as the paramount way that we feel loved. Understanding our own, and that of our significant others and friends, can improve our relationships more than any other way. Gary Pinkerton opens the episode by explaining how the understanding of love languages helped him understand himself, and his wife, and helped save his marriage. Key Takeaways: Gary's Intro: [1:44] How Jason's interview with Dr. Chapman saved Gary's marriage [3:48] Gary originally felt shallow when he learned his love language [6:03] The Golden Rule is one of the reasons we mess up treating people by their love language Website: |
Fri, 3 November 2017
All investing comes with risk attached, but some investments are a lot riskier than others. Stocks can run to 0 and leave you with absolutely nothing. Real estate, however, doesn't really have THAT particular problem. No matter what happens you'll have the land, as well as the physical materials the home was made out of. Gary Pinkerton tees up the episode with his story of investing in the dot com bubble, then lets Jason Hartman take the lead to discuss the important topics of regression to replacement cost and LTI ratios. Key Takeaways: [1:34] The dangers of the stock market, and the dot com era, and how Gary got burned [5:10] An intro to the cost of the "bricks and sticks" when it comes to homes Jason Hartman Monologue: [9:25] As a prudent investor, you need to know the vital points about LTIs and regression to replacement costs. Learn all you need here. [11:31] Jason Hartman’s personal risk evaluator model relies on construction cost and land cost, and this is a great way to minimize risk when investing in real estate. [16:26] If you’re building in a higher price area, you’re going to have to pay your contractors more because they have to be able to afford to live in that area. [19:36] Three sources of assessing your land value: tax collector or assessor for property taxes, an insurance broker – an insurance company selling you a policy based on the property, and an appraiser. [23:58] If you’re interested in looking for the sorts of properties that can offer you regression to replacement opportunities, come along to the Birmingham, Alabama property tour in November. [30:06] For more information specifically about risk assessment in investing, go to www.JasonHartman.com and type in ‘Hartman risk evaluator’ into the search bar to find podcasts and blog posts. [32:09] Another recommendation for you is to look for the podcast and YouTube video about how to read a property Proforma. This is a really vital skill you can use to become a better investor. Website: |
Thu, 2 November 2017
Captain Gary Pinkerton joins Jason to share his story of how investing in income property gave him financial freedom and he describes how he used a life insurance policy to fund his investments. Later in the show, Jason and Gary answer listener questions about self-management, markets, and taxes received as part of the Apple Airpod contest. Key Takeaways: [02:59] A few things you probably didn’t know about submarines. [06:09] Gary shares the most important lessons he has learned about income property investing. [09:50] Leveraging prudent debt and getting credit for the appreciation is a 20% ROI. [13:47] Gary wanted to go to work and make money on his own terms. [17:51] Increase the efficiency of your properties by funding them in a different way. [24:26] Looking at the benefits of using a life insurance policy to fund your investments. [30:00] Self-managing income properties may give your tenants a better experience so they inhabit your property longer. [33:23] Juan wants to know how to find the best property management company and how to set up his tax structure. Website: *The Airpod contest has ended |
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