Fri, 28 December 2018
Gary Pinkerton was recently on the Veteran on the Move podcast with Joe Crane to discuss the wealth strategy plans Gary has in his life, as well as how he's used the infinite banking plan to fund his purchases. He also discusses the transition to the regular world from military service and why he's an entrepreneur. Website: |
Mon, 24 December 2018
Julia Spencer used to invest in long-term rental homes, but decided to switch over to short-term rentals a few years ago. She shares with Jason what she has learned over the years while self-managing the properties she owns, and gives some tips on how to avoid pitfalls that she experienced. The fears of an all consuming time commitment, never being able to go on a vacation, and having your home destroyed by guests are explored, and we find out the true income potential of short-term rentals. Key Takeaways: [9:43] Julia has about 30 listings for her 7 homes [13:56] Julia's portfolio prior to starting short-term rentals [16:40] The importance of the review system in the short-term rental market [19:45] Julia started her short-term rental career by moving out of her own house and renting it out, and got rid of some of her long-term rental homes [23:37] Short-term rentals and problems with neighbors [28:10] Red flags (and green flags) for properties you're considering for short-term rentals [32:38] What team members do you need in order to self-manage? [38:11] Whether Julia has ever looked into using (or used) a property manager [41:28] How Julia streamlines her operations [45:08] A real life example of what kind of profits Julia makes on her properties Website: |
Mon, 10 December 2018
Gary Pinkerton talks with America's Money Answers Man, Jordan Goodman, about resources that are available to veterans that many don't know about, as well as figuring out how often you should check your credit score and different places that can help you ensure you haven't overpaid on your mortgage, PMI, or escrow account. Key Takeaways: [10:45] Resources many veterans and active duty members have but aren't taught about [15:03] Real life numbers of using the Heroes Come First program [19:16] You need to watch your credit score because there are tons of errors in that industry [23:24] How often should you be monitoring your credit score? Website: |
Wed, 28 November 2018
Gary Pinkerton starts today's show with some book recommendations that have had a significant impact on his life recently. He also details a little bit about his adventures in short-term rentals and what Jason's guest Flavia Berys has taught him on the subject. Then, Jason Hartman talks with Flavia Berys, host of the Lifestyle Solopreneur podcast and teacher at Landlord Prep, to discuss the current legal landscape of short term rentals. The fight between residents and landlords of short term rentals isn't going to end anytime soon, but Flavia has her finger on the pulse when it comes to what's happening right now. She discusses where to find good, long term tenants, and gives some tips on how to properly manage your properties to get the best reviews from your tenants, and keep your things safe. Key Takeaways: [2:00] Gary's book recommendation: The Inside Out Revolution [3:57] Gary's book recommendation: The Obstacle is the Way [5:59] Gary's book recommendation: Willpower Doesn't Work Flavia Berys Interview: [16:31] What is the status of STRs in California [18:49] The issue of laws for STRs and property rights of the owner [25:19] 2-3 month long rentals for traveling professionals is a great market, but where do you find them? [28:04] You need to decide what amenities to offer from the onset [31:21] How Flavia uses her security system, and how you have to deal with cameras and your tenants [34:09] How remote Flavia manages her properties, and a reminder that being a STR host is MUCH more personal than being a landlord Websites: |
Thu, 22 November 2018
Jason Hartman interviews Dr. Judith Wright, author of The Soft Addiction Solution: Break Free of the Seemingly Harmless Habits That Keep You from the Life You Want, and co-author with her husband, Dr. Bob Wright, of Transformed!: The Science of Spectacular Living. Consider the various activities you partake in throughout the day or week...shopping, video games, Facebook, eating, watching TV, perhaps mindlessly biting our fingernails, browsing magazines or surfing the web. Judith explains the fine line between soft addictions that include coping skills and yearnings, and things we’re actually passionate about in our lives that help us live our best life. Soft addictions don’t necessarily kill us, but they can kill our chance for a deeper, more connected and satisfying life. Judith provides signs of some of these soft addictions that rob us of time, energy, money, love and more, and encourages people to learn the “Four Loving Truths.” Website: |
Thu, 22 November 2018
Gary Pinkerton talks with Jason Redman, former Navy Seal and author of The Trident: The Forging and Reforging of a Navy Seal Leader, about his experiences overcoming obstacles in his life. The two explore what it takes to conquer your ambushes, Jason's "Pentagon of Performance", the impact a lack of purpose is having on some disabled veterans, and why you need to get off the X. Key Takeaways: [6:36] What the Pentagon of Performance is [9:28] Money is the #1 thing that creates stress in individuals [15:05] Jason sees a lack of purpose from many medically retired veterans, with them choosing to get by on the money they're bringing in retirement, leading to higher levels of depression [18:10] Being ambushed wasn't the worst thing that's happened to Jason [20:13] What a life ambush can be [24:49] The only way to survive a real world ambush is to get off the X, and it's no different with life ambushes [26:49] You need to step outside of the "me" so you can gain perspective Website: |
Thu, 15 November 2018
Gary Pinkerton starts today's show discussing the importance of the different types of asset protection that are available to you as an investor. It's critical that you protect yourself from threats, which starts with privacy. Then, Jason Hartman talks with Randy Hughes, a land trust specialist, about why and when land trusts should be used and how to use them effectively. Randy defines land trusts and explains some of the key elements of asset protection. In the eyes of the IRS, a land trust is a pass-through entity, which is not taxed. Randy discusses the mechanics and some of his favorite reasons for using land trusts for single-family home investments, including anonymity, estate planning, ease of transferability and linking trusts together with other entities. Randy explains that land trusts are regulated state by state, with no federal regulation. He stresses the importance of understanding the different types of trusts, noting the beneficial interest for a land trust is in personal property and obtaining privacy. He also touches on the important psychology behind naming a trust. Randy has written a Privacy and Asset Protection book, 6 booklets, a bi-monthly Land Trust newsletter and 6 "HOW TO" real estate courses to help new and seasoned investors to be successful at investing in Single Family Houses for profit. Website: |
Tue, 13 November 2018
Gary Pinkerton talks with Greg Amundson, former DEA Special Agent, SWAT Operator, Army Captain, Kokoro Yoga Instructor and Krav Maga Black Belt, about his books The Warrior and the Monk and Firebreather Fitness. Gary and Greg look into finding your unique genius, why fitness, spirituality and mindfulness can all be in harmony, and more. Key Takeaways: [10:12] You need to find something you're passionate about, and then find a way to bring that passion into what you're already in [12:03] The Warrior and the Monk [17:21] Fitness, spirituality, and mindfulness practices don't have to be disconnected [22:11] Doing good deeds puts out a form of current that will eventually work its way back to you [26:09] How to find your unique genius if you can't see it for yourself [30:54] You have to immediately respond when on duty, but don't take that home with you. Be still and realize you don't have to do everything yourself Website: |
Sat, 10 November 2018
Gary Pinkerton talks with Tim Kelly, active duty Chief Petty Officer in the US Navy and founder of Kelly Housing Group, about how he's been able to do real estate investing while being on active duty, finding the right group to help you scale up as a person and how to succeed in real estate investing. Key Takeaways: [6:50] How Tim got started [14:12] Some information about Active Duty Passive Income [18:09] Always think about your why [19:56] Constantly think about how you can add value, every day [25:17] When Gary realized he didn't think the same as most home owners and needed to surround himself with different people [27:20] Pick a niche in real estate and go deep on it Website: |
Tue, 6 November 2018
Gary Pinkerton talks with Mark Dolfini, author of The Time-Wealthy Investor and founder of www.LandlordCoach.com, about why Mark is in real estate, what forms of real estate he likes, why you need systems in your life, and more. Key Takeaways: [7:25] Why Mark likes single family over multifamily properties [10:54] Mark got himself into trouble because he wasn't properly valuing his time [16:02] You need to have white space in your life so that you can take the time to teach [19:23] One of the things that sets veterans apart is their work ethic [24:19] If there are systems in place and the person/employee cares, it's easy to train them Website: |
Thu, 1 November 2018
Gary Pinkerton talks to Stuart Grazier, founder of the Military Investor Network, about how his network is attempting to help veterans invest in real estate. The two discuss what is available through the network, juggling a job and investing, taking the first step and the need to take advantage of the VA loan. Key Takeaways: [4:48] How Stuart ended up focusing on real estate investing and members of the military [8:35] Stuart's site allows investors to meet up, invest together, and find lending opportunities [12:37] How does Stuart juggle his business with his his active duty job? [14:57] It's all about taking action and making the first step [19:41] The VA loan is a huge advantage Website: |
Tue, 30 October 2018
Jason Hartman talks with Nate Secor about his transition from the long-term rental market into the short-term rental universe. Nate opens up and shares profit margins, business planning, home picking, furniture finding and more as these two discuss every aspect of starting up your short-term empire. Key Takeaways: [1:36] Nate's evolution from long term rentals to short-term [6:04] One of the mistakes Nate's made along his short-term rental journey, and why you should target cities that charge a tourism tax [10:32] Nate's an Airbnb only guy, but what would his second platform be if he were using one? [11:50] What to look for in a property for a short-term rental [13:44] How Nate is pricing his properties [17:43] Does Nate actually visit the properties he has? And how do he and his partner split responsibilities? [22:40] Where to find furniture and housewares |
Wed, 24 October 2018
Gary Pinkerton talks with Whiz Buckley, former decorated Navy Fighter Pilot, graduate of Top Gun, and founder of Top Gun Options LLC, about Whiz's service, how he used his military training to start his own company, and how veterans are in a much better situation than you might realize. Key Takeaways: [4:28] Whiz's first day at American Airlines was supposed to be September 11, 2001 [10:24] Lessons learned in the military really transferred over to business consulting [15:55] Military veterans have a big leg up on other employees because they're teachable and have ingrained leadership qualities [20:12] Whiz's son is attempting to become a Marine Website: |
Wed, 3 October 2018
“For far too long, too many people have regarded home ownership as ‘a good thing.’ It is certainly true that home ownership has its benefits. But, like everything else, it also has its costs and its risks.” This statement by Heroic Investing guest, American economist Thomas Sowell, has been regretfully muttered by many homeowners in various forms over the past two years. Sowell is currently a senior fellow with The Hoover Institution at Stanford University. In 1990, he won the Francis Boyer Award, presented by the American Enterprise Institute. In 2002 he was awarded the National Humanities Medal for prolific scholarship melding history, economics, and political science. Known for his economically laissez-faire perspective style while writing, Sowell’s latest book, The Housing Boom and Bust, shows how Democrats and Republicans ruined both the housing and financial markets. Tune in as Jason Hartman and Thomas Sowell discuss how “the current economic crisis grew out of policies based on good intentions and mushy thinking.” Website: www.TSowell.com |
Thu, 27 September 2018
Gary Pinkerton takes the intro to this show to discuss some of the world's greatest innovators, and the traits that each of them shared that made them the movers that they were. He also shares the fact that seeking and obtaining expert advice and help is easier now than it's ever been before. Which leads us in to Jason Hartman's interview with Peter Shallard, owner of The Shrink for Entrepreneurs. Peter strives to help for-profit businesses that are attempting to make a positive change in the world. Peter teachers highly effective psychological models to entrepreneurs to help them reach their goals of success faster. Website: |
Tue, 25 September 2018
On today's show, Jason talks a little bit about mastermind groups and touches on an article that was released by USA Today on the subject of investments. Jason brings up some very interesting points on the minimum wage discussion as well as talks about conflict of interests in financial advisers. As always, Jason shares some timeless wisdom about the US dollar, commandments to live by, and more. Website: |
Wed, 19 September 2018
Gary Pinkerton talks with Casey Stubbs, United States Army Veteran, online marketing expert, and host of Finance & Markets Cashflow Hacking Podcast. Casey and Gary discuss the two sides of every business, his past in the armed forces, lessons learned from creating his startups, and how to go about leveling up your business. Also, Gary welcomes you to come watch the Cash Flow Wealth Summit that begins tomorrow! Key Takeaways: [9:26] There's 2 sides to every business [12:27] The beauty of having a job where you can work virtually is the ability for working vacations, and society has gotten to the point where video conferencing is enough to create trust [15:02] The biggest thing Casey's learned since he started his business [18:24] The "18 Summers" concept to keep you in the now [23:11] You want to have the option to get out, so if you're choosing to stick with your job it's on your terms [27:26] As Casey tries to level up his business, he needs to change. So how is he doing that? Websites: |
Mon, 17 September 2018
Gary Pinkerton starts off today's show discussing the natural existence of an organization: once created it will do whatever it can to survive. He points out government entities primarily, noting that times of war can make the Army balloon, numbers that can become difficult to cut back after the war is over. Then Jason Hartman is joined by Steve Forbes, the editor in chief of Forbes Media, to propose and attempt to answer the question: Why does government get bigger and bigger when we know it doesn’t work well? Mr. Forbes states that history proves free markets work for the people, while big and over-reaching government is about meeting its own needs. In his book, Freedom Manifesto: Why Free Markets Are Moral and Big Government Isn’t, coauthored with Elizabeth Ames, the authors delve into historic events and statistics, showing that in every instance, big government promotes favoritism, stifles economic growth, dumbs down education, and creates an atmosphere of “rigidity and scarcity.” At the same time, it opens the door to corruption. Website: |
Fri, 14 September 2018
Gary Pinkerton talks with Marine Corps and the United States Army Medical Corps veteran Dr Scott Magill, executive director of Veterans in Defense of Liberty, about his organizations intent on returning the American culture to the beliefs and principles of those 56 men, our Founding Fathers, who pledged their “Lives, fortunes, and sacred honor” that liberty and justice might prevail throughout the ages. Key Takeaways: [9:17] Do veterans have freedom of speech in perpetuity? [15:50] We forget that this is the first time in history that a republic has succeeded [18:56] If you worry just about the money you're not ever going to succeed Website: |
Wed, 12 September 2018
Gary Pinkerton starts the show off discussing your potential returns on real estate purchases thanks to the power of leverage and inflation. He also invites you to join the Cash Flow Wealth Summit coming up in a few weeks. Then Jason Hartman shows how prudent real estate investors BENEFIT from inflation in two big ways! Here is how to use leverage prudently to maximize returns and reduce risks. Website: |
Wed, 5 September 2018
Gary Pinkerton takes today's episode to talk to veteran Joe Crane, host of the podcast Veteran on the Move. Joe and Gary discuss what Joe has learned about veterans after they get out of the service from his 200+ episodes of podcasting. They discuss veterans propensity to start their own business, and the value of setting up a support system. Key Takeaways: [7:19] What is Veteran on the Move about? [12:44] Some of the recurrent themes that have been learned from the podcast [17:01] Military veterans are twice as likely to go out and start their own businesses [18:44] What kinds of businesses are veterans starting? [21:47] When you leave the military you lose your support network, so make sure you set one up for yourself Website: |
Fri, 31 August 2018
This episode is chock full of trends, predictions and current affairs. Jason (The Predictive Genius) Hartman is a purveyor of rational recklessness. He shares an article from The Atlantic which asserts that Americans are moving out of the city and into suburbia. Once again proving his theory of the resurgence of the suburbs to be correct. Jason also reminds us to take time to remember the good things in life by way of the ‘Winning is Giving’ poem by one of his early mentors, Denis Waitley. Key Takeaways:[7:56] Humans make emotionally-charged decisions and then rationalize them with logic. [11:40] Why the best real estate deals never close. [14:09] Price, Terms and Time (PTT) are the 3 corners of the real estate deal triangle. [16:06] ‘Winning is Giving’ by Denis Waitley [18:53] Are the 3 value drivers of real estate still location, location and location? [24:04] An article from The Atlantic "Why are so many Americans saying goodbye to cities?" [32:57] Thou shalt only invest where there is universal need. [36:56] A portfolio review and rebalance is necessary every 6-months or so. Website:Atlantic Article - Why So Many Americans Saying Goodbye to Cities by Derek Thompson |
Wed, 29 August 2018
Gary Pinkerton talks with Brian Burke, President & CEO of Praxis Capital as well as a former firefighter, police officer, and ambulance EMT, about his journey from first responder to creating and running a $150+ million company. The two discuss how Brian found/made the time, when he realized it was time to switch careers, his thoughts on real estate, and finding favorable areas to invest in. Key Takeaways: [5:33] How was Brian able to find the time and energy to create his company while being a firefighter/police officer/ambulance EMT? [9:19] Brian eventually reached the point where his real job was getting in the way of his investing job (where he could make more money), so he had to make the switch. The weird hours of being a first responder definitely helped him in his real estate journey. [13:51] If you have a job and are thinking that you don't want to do real estate investing full time, you don't have to. Brian started with a goal of 1 rental home a year [18:20] How investors have sold properties in California in order to buy a whole lot more in other, more favorable, investing areas [21:26] Brian's thesis on real estate Website: |
Fri, 24 August 2018
Gary Pinkerton starts off today's episode discussing ways you can protect yourself when vetting a prospective tenant, some of them involve NOT doing things. He also discusses the rising trend of social accountability and why he believes it's a good thing. Then, Jason Hartman talks with John Simpson. John invested in the trailblazing Rent Reporters before it’s official launch because he believed in the business model. He now runs the company as CEO and is the corporate cheerleader to this fairly new, progressive company. Mr. Simpson shares the benefits of his service to both renters and landlords, how to participate in the process and testimonials about the benefit to those this service has affected positively. Key Takeaways: Gary Intro: [2:27] Why it's a bad idea to call the previous landlord about your prospective tenant [4:04] Social accountability is taking more hold in our society Jason Interview: [8:54] Before Rent Reporters there was no mechanism for tenants to get credit for their on-time rent payments. [10:35] The benefit to renters is clear, but what is the benefit for landlords? [12:05] This service makes the renter more accountable. [13:36] The top 3 factors that determine a credit score. [16:54] Many renters have no credit score or they are invisible. [19:16] A landlord will be able to see renter’s payments for the past two years. [24:27] Landlords have monetary incentives to get new clients for Rent Reporters. [30:22] The statistics that back the Rent Reporters business model. Website: |
Thu, 23 August 2018
Today's 10th Episode features Gary Pinkerton talking to Dr. Julie Kinn, military psychologist and executive producer of Military Health Podcasts, about her thoughts on healthy ways to manage your life. Gary and Julie focus quite a bit on sleep management and how to optimize your sleep in a way that lets you be the entrepreneur you want to be, as well as how sleep management can help you on those long shifts (or off shifts) that leave you worn down. Key Takeaways: [10:41] What kind of sleep time are we looking for [13:25] Some of Julie's other podcasts [17:27] Some time management or stress management tips for those trying to become entrepreneurs [23:06] Julie's tips on a resource for getting first responders and military members through long shifts that impact your rhythm Website: |
Fri, 17 August 2018
Gary Pinkerton starts off today's show discussing Pat Donohoe's new book, Heads I Win, Tails You Lose. Some of the points brought up in the book are critical to not just your investing, but your life. Gary stresses that your net worth is not a terrible measure, but income is the most important part of the equation. Then Jason Hartman talks with Pat Donohoe, President & CEO of Paradigm Life, about their thoughts on the recent political changes and how the U.S. economy will be affected, he shares his thoughts on the new administration with a high-level worldview and he recalls his recent experience at the Meet the Masters of Income Property event in California. Key Takeaways: [5:32] Your best asset, that has the highest potential, is yourself [9:19] If you have guaranteed income, your net worth doesn't matter Pat Donohoe Interview: [13:05] The caliber of people at the Meet the Masters of Income Property event was a high point. [15:52] Foxconn will bring manufacturing back to the U.S. due to Trump’s business savvy. [22:28] Patrick doesn’t believe charity to foreign nations is in the best interest of the U.S. [26:23] It will be fascinating to see how Trump deals with the past, present and future. [30:49] Trump will inject adrenaline into the U.S. economy. [33:50] Paradigm Life is an insurance-based financial services company. [38:18] A stock market rally is a short-lived business cycle. [40:51] Patrick describes how he makes the right investment and performs due diligence when acquiring properties. Website: |
Wed, 8 August 2018
Gary Pinkerton talks with David Pere, active duty Marine, real estate investor and creator of From Military to Millionaire, about David's real estate journey, and how he's used the VA loan to his advantage (and how you can too). The two also discuss strategies new real estate investors can utilize to grow their portfolio faster, extra benefits that come from being a serviceman, and why networking is so crucial. Key Takeaways: [6:40] David didn't understand the VA loan well enough to use it for his first property [10:57] Gary thinks young real estate investors should seriously consider buying duplexesa nd living in one side [15:44] Gary's issue with the BRRRR strategy [17:31] The biggest misconception about the VA loan [22:05] What David offers to consumers and how the other factors of being active duty actually make his pay higher than what his W2 says [25:53] David started a real estate meetup a few months ago because networking is so important Website: |
Fri, 3 August 2018
Gary Pinkerton starts today's show discussing how important a personal connection is as a landlord. Some of the tenants who've been around the longest for Gary have been those that he (or his property manager) have established a rapport with. Those without a rapport tend to leave as soon as something goes wrong. Then Jason Hartman and Ken McElroy finish up their conversation started in episode 135. This time, however, the two look into the importance of how property owners (and managers) treat their tenants, and why many people are doing it wrong. They also discuss why the American idea of home ownership may be a massive myth, and two critical pieces to your investment success. Key Takeaways: Gary Intro: [3:09] Making a human connection with the tenant can do wonders for keeping them long term [5:33] You have to pay attention to the area trends, outward migration is check mate Ken McElroy Interview: [10:12] It's important to treat all your residents as your customers [11:38] Is the idea of home ownership a myth? [13:52] Population growth and migration are two things critical to investment success [17:11] The state of the states Website: |
Wed, 1 August 2018
Gary Pinkerton focuses on the entrepreneur's mindset, as he talks with the founder of Liquor Labs, Owen Meyer. Owen is a graduate from West Point and realized as his time in the service was ending that he wanted to strike out on his own. Along the way Owen discovered he could make money teaching people how to make mixed drinks as a group activity. Hear this entrepreneurial tale and how the world today allows you to test your ideas with very little money. Key Takeaways: [3:03] An entrepreneur's mindset is simple: see a need, solve the need [6:02] Creating an experience brings people together a lot better than dry content Owen Meyer Interview: [10:50] How Owen ended up at West Point [17:20] What Owen's learned about building a business [20:39] How Owen is expanding his company right now [25:55] There are ways to test ideas without much money these days Website: |
Fri, 27 July 2018
Gary Pinkerton starts off the show discussing the idea that when you invest in real estate you can't lock in to one strategy and think that you've got everything set for life. You have to be flexible based on the business cycle and economic conditions. Then we have part 1 of Jason's interview with Rich Dad Advisor Ken McElroy. Ken tells Jason some of the most common mistakes he sees real estate investors make, why you can't just buy real estate any time you like, and some tips on how to do property management the right way. Key Takeaways: [4:01] Investing in real estate means you can't just lock into one formula, you have to be flexible based on the markets Jason Hartman Segment: [12:25] CNBC video about current levels of economic optimism [17:34] What The Wheel of Life is about [24:16] The two common mistakes Ken sees in real estate investors [26:19] Real estate is cyclical, so you can't just buy all the time throughout your career [28:41] Ken's real estate business model [30:20] Some tips on how to do property management right [33:01] C class properties look good on paper, but in the long run, better quality properties bring better quality tenants Website: |
Wed, 25 July 2018
Gary Pinkerton has the honor today to speak with World War 1 Marine Veteran Larry Klairmont about his time in the service and how he managed to run several successful business afterward. Larry has some business advice for those leaving the service as they start their journey, as well as how he manages to keep employees around in his company as long as he has (some have been around 30+ years). Larry also discusses his passion project, which is a car museum in Chicago with over 300 cars, some of them one-of-a-kind. Key Takeaways: [3:23] Gary has a suspicion that retirement might actually work against you Larry Klairmont Interview: [11:24] Larry's business advice to those leaving the service [14:11] Larry has family working in his company, but they understand that if he overrules them then they are overruled [15:49] Recently Larry opened up a car museum with some very rare cars [20:23] Larry has a special place in his museum for Marine veterans Website: |
Fri, 20 July 2018
Jason and guest Gary Pinkerton breakdown the article, 27 Charts That Will Change How You Think About the American Economy. Each chart represents changes in the US economy related to productivity, demographics or inflation. Highlights of the discussion include the possibility for people to work well past the current social security mandated retirement age, the lopsided amount of service jobs as compared to labor jobs and the real opportunity which exist for real estate investors based on the percentage of Americans with a sizable nest egg. Key Takeaways:[4:10] There's a lot of money looking for a place to work, which usually leads to bad investments [6:25] Phenomenal opportunities await real estate and income property investors. [10:26] A Gobankingrates survey illustrates the crisis at hand showing 62% of the US population has less than $1000.00 as savings. [19:15] Gary was looking for a way to shift active income into passive income which led him to the Creating Wealth podcast. [21:32] The 27 Charts that will change how you think about the American economy article, by Timothy Lee. [25:42] As the Service Industry grows, it is a clear indicator of progress and a higher standard of living. [29:34] People have been dropping out of the labor force since the year 2000. [32:05] The real estate charts show growth in urban areas. [36:40] Analyzing chart #19, Inflation-adjusted housing prices. [41:53] Housing prices have grown a lot faster than construction costs. [46:17] The ways Americans retire are changing. Mentioned in This Episode:27 Charts That Will Change How You Think About The American Economy. |
Wed, 18 July 2018
Today's episode features Gary Pinkerton talking with Anton Ivanov, creator of DealCheck, about his journey as an active duty serviceman with income property, and how it's led to the portfolio he and his wife have today. Anton created his app DealCheck for real estate investors to analyze properties, and has a good sized portfolio, but still holds down a W-2 job in order to get further along in his journey. Key Takeaways: [3:01] No W-2 job is a perfect fit, we all have things we dread doing [6:02] Discount code for DealCheck: HERO25OFF Anton Ivanov Interview: [11:36] Anton's journey into an "accidental landlord" [17:22] Anton never expected real estate to become his full time endeavor [18:59] Some people quit their job as soon as they reach their financial freedom number but then can't expand their portfolio because they're using all their cash flow for living expenses [24:43] What is DealCheck? [31:14] There are some things about military members that puts them in position to be successful real estate investors Website: www.DealCheck.io |
Sat, 14 July 2018
Gary Pinkerton starts off the show today discussing the search for our unique genius, how his coach has helped him, and what he has found his is. Jason welcomes return guest, Daniel Amerman back to the program. Daniel and Jason have been discussing the US economy for over 10 years and Jason continues to use one of Daniel’s charts in his seminars. Daniel is a Charter Financial Analyst with the ability to dissect economic statistics and other financial information then create practical, relatable charts we can all understand. During today’s conversation, Daniel speaks about the unfunded liabilities of the Social Security Administration, hidden inflation and why the mortgage is one of the few wealth creating vehicles left. Key Takeaways: [1:55] Part of Gary's process as he pursues his "unique genius" has involved hiring a coach, which has helped him tremendously [5:23] Gary is inspired to help as many people as possible buy back their time with passive income so they can go pursue and master their trade Daniel Amerman Guest Interview: [8:55] The first real estate President has a vested interest in the economy beyond what is good for the people [13:06] Congressional Budget Office says 'trust us' [15:30] The Social Security Administration’s unfunded liabilities [21:57] Dan's Personal Challenges Created by the National Debt matrix [29:58] Built in inflation often goes unnoticed. Website: |
Thu, 12 July 2018
Dr. Vitale believes when you learn to get clean with money and stop self sabotaging your financial future you will start to attract more money to you. You must first get through the filters that are your beliefs and see what is really possible to know you are deserving of living a wealthy life. When you want something and have the means to obtain it you should buy it to reinforce an unconscious belief of worthiness. And, always give back a portion of your good fortune to create a bond of trust in the universe. Key Takeaways: [1:43] Lock in your government backed 30 year loans while you have a W2 [4:19] The capability of the human brain is astounding [5:36] The Baader-Meinhof Syndrome https://rationalwiki.org/wiki/Frequency_illusion [8:33] The power of meditation and journaling is teaching your subconscious what's important to you [9:59] Be the person, do the things, then you will have Joe Vitale Interview: [12:16] Dr. Vitale has been working on this lately [15:22] The 2 reasons you don’t let money into your life [16:25] Get clean with money, money isn’t evil money is neutral [18:18] The Secret is an introduction to an idea [19:18] Taking inspired action after visualising your want [21:17] Our conscious beliefs are us in the waking world [23:54] The 7 steps in the free Attract Money Now book [25:54] The difference between a fact and a belief [29:35] The psychology around prosperous purchasing [32:02] No one is preventing you from making more money [33:33] Give 10% of what you have to what or who inspires you [37:38] Think like an entrepreneur and look for opportunities [38:14] Listen for complaints and make the product or service solution [40:44] Mr. Fire ignites something in people Website: |
Fri, 6 July 2018
The US is facing a looming financial crisis. In this episode, Jason outlines six business plans the government can use to ease its inflationary pressures. Four of the plans could result in negative outcomes, while the final two plans could achieve debt repayment by way of inflation. Understanding inflation and all of its aspects are not for the light-hearted. Jason explains inflation, how the government reports on inflation and offers up some educational resources for those who want to know more. Key Takeaways: [3:10] We need to balance putting more money outside of our retirement plans to use as direct investing [5:29] Educate yourself about what the government is telling you they will give you breaks for and adjust your planning accordingly Jason Talk: [11:50] Jason identifies 6 ways to deal with inflationary pressures [18:52] Using inflation as a tool to avoid paying debts [25:14] Understanding the difference between real and nominal and price and value [31:24] Redistributing wealth through inflation [37:46] The three ways the government manipulates inflation statistics Website: |
Wed, 4 July 2018
Gary Pinkerton has this special 4th of July episode with Julie Ziglar Norman, daughter of legendary motivational speaker Zig Ziglar and current motivational speaker, as the two discuss her experience in real estate, overcoming her husbands issues with credit cards and alcohol, and the empire that her father Zig created and she continues with her family. But first Gary starts the show discussing the Declaration of Independence and the Constitution and why a government that changes slowly is still the best one out there. Key Takeaways: [3:46] The Declaration of Independence was written for the world stage [9:04] Always remember what the Founding Fathers were putting at risk when they helped found the USA [11:53] The methodical government is the one that protects the people's liberties Julie Ziglar Norman Interview: [19:03] Julie's investment real estate company [22:38] Ziglar Inc is very supportive of our troops and their families, and puts their money behind them to prove it [27:43] Julie's husbands issue with credit cards [31:21] Julie's role in Ziglar Inc [36:11] What method of Zig's does Julie hear about most often from others? [38:38] You have to prepare yourself to be ready for the opportunities when they present themselves Website: |
Wed, 4 July 2018
Today's episode highlights one of Jason's important notes about the benefits of investing in real estate. We all know inflation is right around the corner as it is the only way the government can get out of the current economic climate. Inflation will erode our purchasing power, our stocks, our savings and the rich will get richer. Investing in Income Property is your best weapon against the forthcoming inflationary increase. Key Takeaways: [9:04] Using a movie or Broadway play can get the attention of the political left [12:39] Investors should align their interests with the government and the powers that be Creating Wealth Live Clip [16:52] The 6 ways the government is likely to inflate themselves out of a mess [19:04] Understanding inflation in all of its forms [22:03] The political left uses the guise of compassion and the right uses the guise of fiscal responsibility [24:07] The government imports a deflationary force [28:03] All the bills Americans need to pay are increasing while the price of ‘wants’ is going down [31:49] How does income property counteract inflation? Website:
Direct download: HI_127_Inflation_Induced_Debt_Destruction.mp3
Category:general -- posted at: 5:45pm EST |
Thu, 28 June 2018
Gary Pinkerton is joined today by Air Force veteran B-52 bomber pilot Ken Pasch, author of On Course: Become a Great Leader & Soar!, about Ken's journey to become a leader and some of the myths that accompany the idea of leadership. When Ken originally was put in a leadership position, he quickly realized that he didn't really know how to do it effectively. Fortunately, leadership is a skill you can learn and improve, and Ken did just that. Now Ken runs Ki Visions and helps develop the leaders of tomorrow. Key Takeaways: [7:59] How Ken joined the Air Force and what he did when he first got in [12:03] After flying the B-52 in Vietnam Ken changed paths for the rest of his career [14:09] When Ken realized his leadership style needed to change [18:11] Everything Ken read was about what a great leader is, not how to become a great leader. Then, one day, he found a way to connect the dots. [20:50] You need to look at what's holding you back internally and externally [24:36] Leadership is a process [27:07] Leaders aren't just born, and they don't have to be the amazingly charismatic type either [29:55] The myth of thinking you're a leader just because you're in a leadership position Website: |
Fri, 22 June 2018
Jason welcomes Muthiah Nachiappan to the show. Muthiah is a client with 9 properties and an avid property management contract reader. He discusses his self-designed Property Management Survey, the garbage fees most property owners pay but don’t question and how he became interested in income properties. For property owners, Jason shares 4 options for property management and then the 3 options property management companies have if they want to stay in business and service their customers. Key Takeaways: Gary Intro: [3:13] Make your property management change sooner than later when it becomes evident it's not a fit Muthiah Case Study: [9:54] Property Management contracts always favor the person who is drafting them. [11:16] Jason wants to disrupt the property management business through self-management, a la carte services and flat fee property management. [14:48] How Muthiah get interested in income properties. [18:38] Muthiah explains his Property Management Survey. [23:11] A flat fee system gives the property manager an agreed upon percentage of any money that comes in. [28:40] These 4 options for property management should be available to every property owner. [34:02] Property management companies need to change their business model to provide a hybrid option. [38:31] Let your property management company know that you are an educated and aware investor. [40:58] Muthiah shares his future investment plans and his retirement objectives. Website: |
Wed, 20 June 2018
Gary Pinkerton talks with author Jim Defelice, as the two of them discuss his books and what he's learned as he's studied military (and other) leaders for his books. Jim has written 3 books about Chris Kyle, including American Sniper which was turned into a movie featuring Bradley Cooper. The two also discuss Jim's newest book, The Pony Express, and why he has decided to write the stories he's written (which is over 50 books). Key Takeaways: [9:33] Something most people who watch American Sniper don't know about Bradley Cooper's portrayal of Chris [12:47] What traits has Jim seen when researching great leaders [16:27] The start of the Pony Express [20:39] What's Jim's WHY when it comes to writing books Website: |
Fri, 15 June 2018
Gary Pinkerton starts off the show talking about why a doctor's journey is relevant to military investors, and also what about the population of Florida is telling Gary as he starts his new home build in the state. Then, Jason Hartman talks with client Dr. David D'Ambrosio about his experiences with the 1031 Exchange on properties in the Orlando and Indianapolis markets. He shares his opinions on why more high-tax bracket professionals are not investing in real estate and he asks Jason about what his next steps should be? The beautiful thing about real estate is you can acquire an asset, get your money back out and still own and control the asset. Plus, you pay no taxes on the money you extract. Key Takeaways: Gary Intro: [4:05] What is considered normal when prices get a little higher and cash flow gets a little tougher [5:59] What the population of Florida is telling Gary right now Dr. D'Ambrosio Case Study: [7:04] Dr. David D’Ambrosio is Radiation Oncologist living the American Dream. He has always had an interest in real estate. [9:22] Dr. David recently did a 1031 Exchange and then purchased four properties in Orlando. [11:04] There are two ways to diversify a real estate portfolio. One is location and the other is through cash flow and appreciation. [12:55] The 1031 Exchange allows for only 45 days for identifying properties but up to six months to close. [15:38] It’s frustrating more people, doctors in particular, aren’t investing in real estate. It’s an absolute no-brainer [21:46] Local community banks will provide financing to investors after they reach their traditional property limit. [27:54] Is it feasible to do a cash out refinance if you can get a sizable amount of cash? [29:57] The deferred down payment option offered a nine-year break even point. [32:55] Equity stripping is pulling the money out of a property, having control of the cash and still own the property. Website: |
Wed, 13 June 2018
Gary Pinkerton talks with Jake Wood, CEO of Team Rubicon, about the origin of his company, the mission of his company, and the impact of his company. Staffed mainly by veterans, Team Rubicon has been aiding in crisis situations since the earthquake in Haiti. Gary and Jake talk about the various programs Team Rubicon has available to those (specifically veterans) who want to serve with them, as well as the areas they're currently expanding into, and why the community inspired by their group is a good next step from the service. Key Takeaways: [3:35] Team Rubicon was founded in response to the devastation in Haiti [10:00] What did Jake do after he left the service and how did Team Rubicon come out of that? [12:30] What sets Team Rubicon apart? [16:15] Team Rubicon actually has a program geared toward people exiting the service [21:22] What's the difference between Team Rubicon Global and Team Rubicon US? [23:55] As you leave the service and look to find a solid sense of community and mission, be careful how you fill the void Website: |
Fri, 8 June 2018
Jason, Fernando and Oliver make up today’s expert panel. They are discussing self-management options for your income properties. The experts agree, a great property management company is worth their weight in gold but it is also important to be educated about your self-management options. The panel shares information about companies who use technology to save you time and money through automating tedious tasks, best practices to improve home interiors without spending a fortune and what types of tenants are the best types of tenants to have. Key Takeaways: [2:50] Gary's attempting to set up a mini-family office where each part only has one customer to service Jason Property Management Panel: [6:33] Is self-management easier than having a property manager? [9:27] The road to self-management and maintaining a good relationship with your tenants [14:00] The flat rate fee system makes self-managing properties easier [18:47] Property managers are reluctant to take legitimate fees out of a tenant’s security deposit [23:06] Ask your property managers to lower their costs if you are realizing the value [26:11] Using Cozy makes rent collection and viewing tenant profiles easy [30:35] Disintermediation is getting rid of the middle man [35:10] Rently allows tenants to do their own showings with only a credit card. Websites: |
Wed, 6 June 2018
Gary Pinkerton starts off today's show discussing the importance of having goals, but also making sure to write them down and figure out a way to hold yourself accountable to them. If you don't then you just have a list on paper and your success is much less likely to happen. Then, Jason Hartman interviews research scientist Dr. Heidi Grant regarding the science behind human motivation and success. There are many successful people in the world who are highly motivated and have concise goals, but how many actually understand why they’re successful or why they fail? The common belief is that certain people are just genetically wired to succeed or fail. Heidi states this is not entirely the case and shares the findings of scientific research on achievement. She talks about strategies that people use, principles that people can count on and apply to their own life, and states that our own intuition about what helps us succeed or causes us to fail can often be incorrect. Heidi explains the psychological factors behind how people react to challenges, the beliefs and mindsets that people have as they try to reach a goal. Jason and Heidi also discuss the relationship between money and happiness, expressing that there is a money point where it does make it easier to make choices and pursue the things individuals find interesting in life, plus containing a sense of accomplishment and opening the door to help others. Website: |
Fri, 1 June 2018
Gary Pinkerton starts off today's show discussing the issues that can arise when managing several property managers in different markets. The issues of remembering which company provides which services at what price and managing all of them can leave you with extended vacancies and potentially high repair costs, wiping out your cash flow. But if you're considering going into self-management, you need to be prepared. Then, Jason Hartman talks with Gino Zahnd with Cozy.co. This new service allows landlords to screen tenants, view credit reports and collect rents from a smartphone or tablet. There are nominal fees built into services like debit card processing and the obtaining of a credit report which are paid for by tenants. Professional property owners now have a one-stop shop for managing their income properties, no matter where they are in the world. Key Takeaways: Gary Intro: [2:51] Some of Cozy's perks, and when you might not want to use it [4:43] What Gary's learned about the complexities of his property managers Gino Zahnd Interview: [11:12] What exactly is Cozy and how did it start? [14:23] A landlord has access to a tenant’s credit report without the chance of identity theft [16:10] An agent can only use the screening tools or the full-service option [18:59] Can a landlord can still add an application fee to cover their time spent? [21:44] Credit reports & background checks have a fee associated with them via Cozy [23:35] Automated Clearing House (ACH) payments are free between landlord and tenants [26:07] Cozy eats the cost of transactions in exchange for client satisfaction [27:26] 2 ways for a landlord to initiate payments [29:45] Cozy’s goal is to be the best one-stop shop for realizing rent payments [33:52] Rental markets are in the U.S. are fragmented and hard to access [34:50] Cozy is available on your phone or tablet and new services are coming Website: |
Thu, 31 May 2018
Today's episode is all Gary Pinkerton, as he reflects on some of the lessons he learned in the most recent Venture Alliance Mastermind meeting in New York. Gary talks about the new national bird (the crane) and what that's telling us about where money is finding its home these days. Then he goes into an all important topic for our society today, and that is the massive financial burden of student loan debt. Key Takeaways: [4:22] Cranes are all over New York [6:12] There's a lot of money in the US economy looking for a home, and one of those homes has been new construction [10:58] One of the reasons people stay in school (and continue amassing debt) is so they can put off paying their debt back [16:09] More than 1/3 of the borrowers from the governments grad school lending programs have gone into loan forgiveness [18:50] A case study of student loan debt hell Website: |
Sun, 27 May 2018
Gary Pinkerton starts off the show thanking all the service members and remembering those who have been lost, especially in the attacks of 9/11. He then moves on to discuss how sometimes you have to let a deal go. Then Jason Hartman talks with Naresh as they take a deep dive into the adjustable-rate mortgage, breaking it down into easy to understand piece parts. They also discuss the wrap around mortgage, what the term negative rate means and give numerical examples to clearly explain each distinct type of calculation. Key Takeaways: [6:12] Sometimes you have to walk away from a deal [10:46] 5 Elements of adjustable-rate mortgages (ARM) [12:19] 1. Start or Teaser rate [13:10] 2. Index [15:20] 3. Margin [16:50] 4. Annual cap - 3 types [21:38] Negative interest rates [26:17] Negative amortization rate [27:05] Sophisticated investing techniques [30:43] AITD - Wrap around mortgage Website: |
Thu, 24 May 2018
Gary Pinkerton takes a look at a subject that most people don't think of when considering real estate: graffiti. Gary talks with graffiti expert Timothy Kephart about different types of graffiti, what you can learn from graffiti, what graffiti can teach you about the area you're considering buying in, and some tips on how to start your own business. Timothy's field wasn't even in existence when he chose to pursue it as a career, so he provides some valuable insight into what it takes to persevere through to a successful business. Key Takeaways: [2:59] Why a graffiti expert is on a real estate podcast [10:02] How Timothy was first introduced into the study of graffiti [14:21] The motivation for graffiti is fame and notoriety, and they stay within a small geographical area [18:04] You can use graffiti to track gang membership as well as rates of violent threats [21:27] Differences in gang graffiti vs tagging graffiti [24:08] Many times communities see graffiti as just a cost of doing business, and Timothy thinks that's a misguided belief that needs to be rectified [29:06] The history of Timothy's company and his #1 piece of advice for entrepreneurs [35:39] What worries Timothy about living in a big city [39:29] Build something for yourself and bank on the fact that others will benefit as well Website: |
Sun, 20 May 2018
In the beginning, Jason Hartman created the 10 Commandments of Successful Investing, and he saw that it was good. But then he lived and learned and realized there was a desperate need for 10 more. Listen in as Jason Hartman discusses The Next 10 Commandments of Successful Investing. This keynote speech was taped live at the opening of our 2013 Meet the Masters of Income Property Investing Event at the Hyatt Regency in Irvine, California. With all deference to the Big Guy upstairs, when it comes to income property investing, Jason Hartman realized that 10 commandments simply weren’t enough to cover such an important topic. Not when creating financial independence is at stake. What’s in the new commandments? Another generous helping of the kind of nitty gritty (and free) income property investing educational detail you’ve come to expect from Jason. Commandments 11-20 include: Thou Shalt Not Be a Sucker Thou Shalt Have a Reality Check Thou Shalt Embrace Fragmentation Thou Shalt Make Rational Decisions Thou Shalt Look at the Big Picture . . . and five more critical NEW commandments In case you haven’t committed the original 10 Commandments of Successful Investing to memory, here’s a quick refresher:: 1. Thou shalt become educated: Knowledge is a powerful tool. Do your due diligence and become your own best advisor. 2. Thou shalt have a professional investment counselor: Only invest with investment professionals who stay with you for the long term. Advisors should buy for themselves what they sell, putting their money where their mouth is, and get paid for producing results rather than simply for advice. 3. Thou shalt maintain control: Never leave your financial future in the hands of incompetent, unethical, or greedy brokerage houses, fund managers or corporations. Always be a direct investor. 4. Thou shalt use prudent financial planning techniques: Always invest with your goals in mind (retirement, financial freedom, creating wealth) and abide by your risk tolerance and investing style. 5. Thou shalt not gamble: Be a prudent, long-term value investor, never a get-rich-quick gambler, speculator, or flipper. Invest only in properties that make good financial sense the day you buy them. 6. Thou shalt diversify: reduce risk and maximize returns by investing in several areas, as every market is different. 7. Thou shalt be Area Agnostic™: Only invest with an advisor who is not partial to any one area or investment to avoid a conflict of interest. Don’t fall in love with your home geographical area! 8. Thou shalt borrow to maximize leverage and accelerate wealth creation: Use as much borrowed money and as little of your own money as possible as long as the borrowed money can be repaid by the tenant. Let other people’s money work for you, reduce your risk, and make you wealthy. 9. Thou shalt only invest where there is universal need: No one needs stocks, bonds, or gold but everyone needs a place to live, and with growing affluence around the world, consumption of raw materials will continue to cause upward price pressure on improved real estate. 10. Thou shalt invest only in tax-favored assets: Non-cash write-offs and deductions are money in your pocket and income property offers the best of both. |
Wed, 16 May 2018
Gary Pinkerton talks with Matt Butler, active USAF Officer and founder of Rollors, about the origins of his company, how he's utilizing veterans in expanding his business, and how to ensure you're making the most out of each hire. Matt is preparing to retire in the next year and has been preparing for life after the military for the past 7-8 years. Listen in to this story of how you too can prepare yourself for success outside of your service. Key Takeaways: [2:43] Where did Rollors come from? [4:36] Matt got his proof of concept from a church sale [8:16] Before you outsource or hire, make sure you understand the job you're trying to fill (and a real life story of when that went wrong for Matt) [12:26] How Matt connects with veteran run businesses Website: |
Sat, 12 May 2018
The world of investing involves many considerations. Chief among these are the two “Demons” of investing that must both be defeated in order to realize success. The first demon is risk, and the second is inflation. Risk comes from the fact that future returns are uncertain, and it is not possible to foresee all future events. Investments that seem ‘safe’ may turn out to have hidden dangers that we did not notice. Risk can never be eliminated, it can only be managed. The best way to do this is by properly diversifying your investments so that they are not all subject to the same market shocks. The second demon of investing is inflation. Inflation is especially difficult because it erodes the value of your dollars. Defeating the demon of inflation requires investment in multi-dimensional assets that are optimized to defeat inflation. Income properties meet this criteria well because the property itself holds real value by nature of the replacement cost of the structure, the loan allows you to have a fixed cost of capital for three decades, and the cash flow is pushed up by inflation while you cost structure remains flat because of the fixed-rate financing. |
Wed, 9 May 2018
Gary Pinkerton takes today's show to talk to former F-16 pilot Lane Beene about how he started investing in real estate, and the important steps in his journey. Lane specializes in multifamily housing, but the niche that's not quite big enough for big hedge fund money to get in to. Winner of the 2017 Tarrant County Property of the Year, Lane tells what his core values are and how he's surrounded himself with the people he needs to succeed. Key Takeaways: [7:49] Rather than becoming an expert at everything, HIRE an expert [11:00] Doing menial tasks in the name of saving money ends up costing you money [14:57] You don't have to be a superstar to get started, but you've GOT to get started [17:56] Lane's business mantra [19:50] The market doesn't reward breadth, it rewards depth [23:08] Obstacles are the runs for your ladder you climb to success [26:19] How Lane created the 2017 Property of the Year in Tarrant County [30:44] Lane's core values [35:19] The 2 questions you ALWAYS need to ask Website: |
Fri, 4 May 2018
Jason shares an abridged real-world Portfolio Makeover™ and some thoughts on empire building. Investment Counselor and Area Manager, Lynda Mulley, asks a common client question and Jason interviews a prior guest from episode #29, Chartered Financial Analyst and Finance MBA, Daniel Amerman, on winning through inflation and creating wealth with prudent debt. Learn how the “Three Boxers” fight with powerful economic forces and who wins in the ring. Website: |
Thu, 3 May 2018
For this 10th episode, Jason Hartman talks with Jen Sincero, author of the bestselling author of You Are a Badass: How to Stop Doubting Your Greatness and Start Living an Awesome Life, as well as You Are a Badass at Making Money. Jen helps explain how mindset changes can be achieved, and how learning to embrace the concept of gratitude allowed her to achieve financial security. Key Takeaways: [9:38] The key ideas of Jen’s You are a Badass book. [10:46] How staying in your comfort zone you aren’t getting anywhere. [12:17] Jen’s personal and financial transformation. [15:17] How does someone change their internal dialogue? [18:40] God is the ‘G’ word. [20:53] We choose the direction of our lives whether purposely or unpurposely. [23:16] Jen explains the chapter, Lead with Your Crotch. [26:12] Jen’s new book deals with the judgments and mindsets we have surrounding money. Websites: |
Sat, 28 April 2018
The Summit At Sea is a special event & cruise that Patrick & Gary have attended for the past several years. Gary has had a career that is nothing shy of historic. He’s a graduate of the U.S. Naval Academy at Annapolis, served on 4-different ships and is the former Commander of a the top secret submarine, U.S.S. Tucson (SSN 770), where he earned several military commendations. He also recently co-authored the book “The One Thing That Changed Everything”. Together, Patrick and Gary talk about the importance & value of being on a great team. They also discuss their takeaway’s from The Real Estate Guys, Summit At Sea! Websites: |
Thu, 26 April 2018
Gary Pinkerton talks to retired police officer Lance Lorusso about his transition to the public sector and how others can successfully do the same. Lance is author of When Cops Kill. The two discuss how police officers roles have changed with the tiems, how the culture in today's society helps first responders more so than in the past, the importance of writing out your goals, and important things to do BEFORE you leave your first responder job. Key Takeaways: [7:56] Why Lance wrote "When Cops Kill" [10:03] How police officers have had to change how they do things in recent years [14:11] What did Lance encounter as he transitioned out of his first responder role? [17:42] The culture in today's world is such that you shouldn't have to settle [21:42] Have goals, write them out, and don't be afraid to adjust them [25:46] The two big things people discovered they missed while they were deployed [27:51] What you should try and do before you get out Websites: |
Fri, 20 April 2018
Do you have the sense to wait out the market during lag times? Buy and hold is Jason’s philosophy and he is a self made multi millionaire. The average American will never buy at the markets lowest point nor sell at the highest point. For most it takes time for the media’s influence to inspire action which means always being late to the game. Increasing your knowledge and learning pertinent facts and figures will help you to anticipate upcoming changes in the market. Key Takeaways: [8:09] The impact of technology on inflation [9:07] Rate of change in inflation rates [11:50] Deflation in 2015 - July being the most deflationary month ever in the U.S. [14:13] Maintaining yield with the income and expense ratios [15:42] Staying power through lag time [16:58] How deflation affects real estate markets [19:47] Cash flow allows you to weather the downmarket storm [22:04] Jason’s Commandment #5 - Thou shalt not gamble [24:11] Naresh questions what happens to the real estate market if we see a rate hike in 2016 [24:49] The 3 dimensions of real estate are buy, rent or homeless [27:31] Multidimensional asset class and price discovery [28:57] An example of an exchange to a linear market [35:49] Gold doesn’t produce income and its not a good asset class Website: |
Thu, 19 April 2018
Gary Pinkerton talks with former police officer David Greene about David's experience as an investor while still working full time, how he's able to get be as successful as he's been, using technology, and more. Key Takeaways: Gary Intro: [4:22] Start a mentorship program to learn what others have done David Greene Interview: [8:13] David's story of starting to invest while he was still working full time as a police officer [12:28] Where is David buying property? [15:25] Walking a house might actually do more harm than good [16:17] The Core 4 you need for your team [20:38] If you want to find the best people, you need to be the best so you attract the best [24:31] It's not that hard to get a great reputation in most parts of life because the bar has been set so low [28:16] How David mixes technology and his Core 4 Website: |
Mon, 16 April 2018
Jason talks a little bit about mastermind groups and touches on an article that was released by USA Today on the subject of investments. Jason brings up some very interesting points on the minimum wage discussion as well as talks about conflict of interests in financial advisers. As always, Jason shares some timeless wisdom about the US dollar, commandments to live by, and more. Key Takeaways: 9:45 - Minimum wage increases always causes inflation. 15:00 - Give yourself small rewards along the way 17:40 Jason talks about commandment number nine 17:20 - The American work space is getting smaller as more people work from home 27: 15 - Jason talks about the gold bugs and other forms of currency 31:45 - The US dollar will still be the reserve currency 34:10 – Jason does a deep dive into his personal commandments 41:40 – There is no such thing as passive income 45:00 – Jason's company looks for landlord friendly markets. Website: USA Today - Retirement Savings |
Fri, 13 April 2018
Today's episode features Gary talking with veteran Michael Diamond, General Manager of Payments at Mitek Systems in San Diego. Michael and Gary discuss the unique skills that servicement learn, and how you can use those skills to your advantage after you get out of the service. Key Takeaways: [10:53] The military needs unique skill sets for some things, and likes to borrow them from civilian life [12:39] One of the primary reasons Michael left the service [15:14] How Michael's transition out of the military went [21:11] The constant question you need to ask yourself [25:19] Michael is more of an interpreneur, and what kind of opportunities that opens up for him [29:54] When you come out of the military you're in a good position because people have respect for the armed forces, but there are some negative biases you have to overcome as well [34:32] The areas Michael's blog focuses on Website: |
Sat, 7 April 2018
Today’s interviewee is none other than Jason’s Aunt Joan, an incredibly successful real estate investor who, together with her husband, owns more than 70 single-family homes around the Sacramento, California area. ‘Old-School’ seems to be the buzz-word of choice, but Joan talks about how she got into real estate, why she still loves it and gives some great advice about property management and keeping your tenants on side.Jason Hartman’s introduction for today’s Creating Wealth Show focuses around the notion of being an empowered investor. This is the main theme for the 2015 Meet the Masters Event, but is also a vital concept to keep in mind for all of your investment strategies. |
Fri, 6 April 2018
Gary Pinkerton talks with former IRS enforcement officer Michael Valvardi about the state of security in the US. Recorded shortly after the Parkland shooting, Michael gives his idea for helping first responders and protecting schools in a way that he believes will end school shootings. The two also discuss how the US responded to 9/11 and what needs to change in our country today to ensure we prevent any more terrorist attacks coming in to our country. Key Takeaways: [1:46] Gary's book launch was a great experience [8:22] In 1997 the FAA stopped allowing armed federal agents on planes [9:56] Michael's solution to school shootings [15:39] Policies about dealing with suspects changed when Obama took office [18:44] More money needs to be put into preventing terrorism, not reacting Website: |
Fri, 30 March 2018
Today's episode is a return to the basics of real estate investing. Gary starts off the episode with the announcement of his new book and keying in on a few of the commandments that resonate with him most, and then Jason Hartman has a discussion about the full list of 10 commandments. Websites: |
Thu, 29 March 2018
In this 10th episode, Jason Hartman talks with Wall Street worker turned Navy Seal turned author, Mark Divine about the importance of striking a balance between your own personal, spiritual and emotional being and how that can influence the way you work in business. He uses his Seal experience to write his latest book, The Way of the Seal, which provides realistic and useful advice for achieving this balance. Key Takeaways: 12:30 – What passes for ‘business’ in Wall Street is not for everyone, and some workers simply don’t want to be a part of that environment. 15:00 – Think about why you do what you do. If it’s just to scrape money off the top, that’s just flat-out wrong because you’re not adding any value to society. 20:00 – The internet is changing the world and the way it works, from democratizing publishing and more in the same way the information revolution worked. 23:00 – In the times between the old and the new, the ones with the biggest guns and the biggest biceps will come out on top. 26:30 – An awareness of your own situation and your ability to react to it are skills you learn as a Navy Seal, but they’re also skills you can apply as a businessman or entrepreneur to your everyday working life. 28:30 – The realm of your subconscious, your creativity, your heart mind and your belly mind leads you to the seat of intuition. 30:45 – The importance of movement is still fundamental: children don’t really start to learn until they start to crawl, and if they miss that stage, that sets them back a long time in terms of learning. 37:30 – Understandably, it can be difficult to find the time to exercise, but if you can make the effort to find that time, it will make a huge difference. 44:30 – Working on the bookend system of the morning and evening ritual can both set you up correctly fr the day ahead and settle you enough for a good night’s sleep. Website: |
Sat, 24 March 2018
Available here is a chance to hear Jason's take on the Eight Financial Rules That Apply to Everyone and Their Money, as listed by Business Insider, and a few of his own Commandments. In the second half of the show, Jason finds out about the changing demographics of the United States and questions the consequences on real estate investing, as well as putting some figures and statistics to the eternal question, ‘Can money make you happy?’ Website: |
Thu, 22 March 2018
Gary Pinkerton talks with Mike Zlotnik, CEO of Tempo Funding LLC and founder of TF Management Group, about ways someone can invest in real estate without actually purchasing properties of their own. Gary and Mike discuss the investment opportunities of Mike's fund, as well as how people can utilize funds and opportunities of a similar nature, even if they aren't an accredited investor. Key Takeaways: [3:55] Mike is a family man who ran from communism to get to America [10:40] You can make money by owning real estate, or by lending money for real estate [16:45] How funds like Mike's pay out, and how much the managers are taking for their fee [19:52] The question EVERY investor needs to ask when getting involved in a fund Website: How to Choose a Smart Real Estate Investment Fund |
Mon, 19 March 2018
Today's episode is a special one for Gary, as his two biggest mentors get together to share their insight. Technological changes are the main focus of this conversation between Jason and Pat Donohoe of The Wealth Standard podcast. The convergence of many different technologies will shape the life of humans in ways we may not even be aware of yet. The conflicting forces of the central banks and governments in opposition to robotics, self-driving cars, and human longevity, all make this an amazing time to be alive. Exponential changes are currently taking place and the best way to keep up-to-date on our ever-changing world is through podcasts. Podcasts are an immediate dissemination of knowledge, analysis, and opinion. Key Takeaways: [9:49] Converging technologies and what it could mean for the future. [15:43] The valuation of real estate will be impacted by the adoption of self-driving cars. [23:24] What are the forces which will affect real estate prices and cost to rent? [28:20] The target inflation rate is dictated by the “Phillips Curve”. [29:24] Robotics and human longevity and what it means for our economic future. [35:13] What books and information can someone use to stay plugged in, networked and prepared for the upcoming changes? Website: |
Fri, 16 March 2018
Gary Pinkerton talks with friend, veteran, and fellow real estate investor Craig Horton about his journey in the family real estate business, as well as how he continues to educate himself through life. Key Takeaways: [7:34] What is Craig's book about? [9:53] The life changing practice Gary does that's incredibly easy [10:54] Craig's son Larry's journey as a first responder [14:40] You need to have balance in all parts of life [18:38] The importance of continuing to educate yourself [23:15] Part of the real estate business is about freedom Website: |
Sat, 10 March 2018
Interest rates are on their way up, which will cut into your cash flow for rental properties a little bit, but that doesn't mean that rental properties are now bad investments. Deals can make financial sense from day 1 during good times and bad. They may not be as phenomenal during high interest rates, but waiting around for the next crash could prove monumentally disastrous. Gary Pinkerton starts off the show discussing this topic, and then Jason Hartman has a lender panel from a recent Meet the Masters where they discuss the impact of higher interest rates. |
Thu, 8 March 2018
Gary Pinkerton talks with John Schaub, author of Building Wealth One House at a Time, about his approach to investing in real estate. John's approach is a bit different from Jason & Gary's, but it's been pretty effective for him. Key Takeaways: [6:04] John's start in the real estate world [9:56] John recommends people avoid bank loans [13:42] What's the difference between a boom and a bubble? [17:21] Who is Building Wealth One House at a Time written for? [23:08] You don't have to have a ton of properties to make real estate work well for you Website: |
Sat, 3 March 2018
Gary Pinkerton starts off the show with a discussion about the dangers of putting all of your wealth into paying off your primary residence. It might sound like a good idea, but what happens if you need your money at a time when either the market or your situation doesn't make it possible? Then Jason Hartman examines the subject of debt, both good and bad. The prudent use of leverage or borrowed money can accelerate wealth creation and reduce risk. We’ll look at many perspectives including a profile of Donald Trump and his “troubles” in the 90’s. Website: |
Thu, 1 March 2018
Gary Pinkerton talks with Franz Sedelmayer, CEO of Multinational Asset Recovery Company, LLC, about his time suing the Russian Federation and becoming the sole person to collect on a claim against Russia. The two also discuss the massive imbalance in how Russia is perceived by citizens of the world vs how much power they actually wield, and how 9/11 changed not just America, but Europe as well. Key Takeaways: [7:56] Franz was hopefully in the 90s that Russia would become a successful democracy, but then things went wrong starting in 1993 [11:08] Why Franz doesn't think Americans should be too concerned about Putin or Russia [15:15] The biggest problem in the world's relationship with Russia right now [19:26] What life in Europe has been like since 9/11 [21:04] Franz's take on Trump & Russia Website: |
Sat, 24 February 2018
Jason presents innovative new thinking on real estate investing with The Hartman Risk Evaluator™ which can virtually eliminate or at least dramatically reduce downside risk based on the LTI (Land-to-Improvement) Ratio™. Don't miss this episode as it could cost you a bundle! You won't hear this unique content from any other financial and real estate. Website: |
Thu, 22 February 2018
Jason talks with David Allen who is widely recognized as the world’s leading expert on personal and organizational productivity. His twenty-five-year pioneering research and coaching to corporate managers and CEOs of some of America’s most prestigious corporations and institutions has earned him Forbes’ recognition as one of the top five executive coaches in the world and Business 2.0 magazine’s inclusion in their list of the “50 Who Matter Now.” David is the founder and President of the David Allen Company, whose inspirational seminars, coaching, educational materials and practical products present individuals and organizations with a new model for “Winning at the Game of Work and Business of Life.” He continues to write articles and essays that address today’s ever-changing issues about living and working in a fast-paced world and attaining a work-life balance. He lives in Ojai, California with his wife Kathryn. David is the international bestselling author of Getting Things Done: the Art of Stress-Free Productivity and Ready for Anything: 52 Productivity Principles for Work and Life. Website: |
Sat, 17 February 2018
Gary Pinkerton kicks off today's show discussing how he's starting to use Jason Hartman's "Refi til ya die" strategy with his rental properties. While he's already refinanced his primary residence, he just now reached the point where it makes sense to do it with his investment properties. Gary gives some of the numbers that are involved in his transaction and some of the key things he's learned in the process. Then Jason takes over and discusses how the process works on a larger scale, and why it's a good idea. The "Refi Til Ya Die" strategy make sound like some cheap trick, it's actually a critical strategy that allows you to multiply your wealth over the long-term. This strategy allows you to re-invest the amount of your loan that's over the original purchase price and do it TAX FREE! Website: |
Thu, 15 February 2018
Gary Pinkerton is joined by Marine Corps veteran, Major Scott Huesing, author of the new book Echo in Ramadi. Scott had multiple deployments to Iraq, Afghanistan, and the Horn of Africa. His new book, Echo in Ramadi, discusses some of the things he learned during his deployment to Ramadi in 2006-07, as well as how he decided to go into service, ways veterans can transition to civilian life better, and how he's giving back today. Key Takeaways: Gary Intro: [4:50] One of the reasons Gary joined the service was not only to serve his country, but to matter in the world Major Scott Huesing Interview: [7:04] The back story of Major Scott Huesing [11:00] Why Scott wrote Echo in Ramadi [15:11] Did Scott feel his role changing while he was working with other units or was he able to maintain that separation? [20:44] What are the biggest challenges and transitions for former military [25:19] One of Gary's keys for transitioning out of service into civilian life [28:16] The real success of your transition will come from the people in your network [32:51] Give first and good things follow is Scott's philosophy Websites: |
Sun, 11 February 2018
The journey of 1,000 miles begins with a single step, but it has to be in the right direction. Gary Pinkerton and Jason Hartman bring you an episode dedicated to making sure you research properties properly before investing in them. Gary starts off the episode explaining how there have been times where he's jumped in to an investment without doing his due diligence, and has gotten burned doing it. That's why it's so important to look at property pro formas with a critical eye and making sure all the assumptions are what they should be. He also gives a reminder that you HAVE to keep score properly or you might end up making the wrong decision regardless. Then Jason takes over and explains how you need to read a pro forma, including what things need to be on there that aren't always, and what assumptions are reasonable. There are many things that can be left off that can make investments look prettier than they are, so make sure you aren't duped. Websites: |
Thu, 8 February 2018
Gary Pinkerton talks today to Mason Albaugh-Fonseca. Mason attended Meet the Masters at the beginning of the year and took some time after the conference to sit down with Gary and discuss how he started his real estate investing, what his five year plan involves, the quest to find his unique genius, and what his favorite parts of the conference were. Key Takeaways: [7:39] How Mason discovered Robert Kiyosaki [9:54] What was involved in Mason's 5 year plan video [13:52] Trying to find your unique genius [17:17] Meeting with market specialists and connecting with attendees outside of the event were some of Mason's highlights from Meet the Masters [18:58] Want to learn more about a topic? Teach it [24:57] Mason's goals for the future Website: |
Fri, 2 February 2018
Gary Pinkerton starts off the show talking about one of the powerful things about real estate investing, depreciation. The tax reform of 2017 has changed the game for real estate investors and their tax returns, thanks to changes to things like depreciation. Then, Jason Hartman talks to Mike Murphy of Murphy, Murphy, & Murphy about a topic that is near, dear, and feared by property investors – real estate taxes. There’s an old saying, “Nothing is certain but death and taxes.” Taxes are a fact of life. Although the prospect of dealing with taxes is not especially appealing, Jason has been extolling the tax benefits associated with rental real estate for years. As America’s most tax-favored asset, it can put money back in your pocket (or keep it from ever leaving in the first place) better than anything else. An important point Murphy makes early is that an investment property is broken down into two components: land and the structures on the land. While the cost of the land itself isn’t tax deductible, the structure is, which means the residential building you buy in order to rent out to a tenant. Tax breaks flow from the structure, and here are several you need to understand as an investor. |
Wed, 31 January 2018
During the recent Meet the Masters of Income Property event, Gary Pinkerton talked with James Guzman, former member of the US Navy, about his experience in real estate investing, and what he's gotten out of the conference. The two discuss the importance of taking stock of your human balance sheet, something that Patrick Donohoe discussed in his speech. They also discussed why James is diversifying from his short-term rentals in Mexico to income property in the US, and what a new military real estate investor should know. Key Takeaways: [5:36] What's important to know as a new military real estate investor? [11:02] What to put on your human capital balance sheet [14:09] The right mindset to make your balance sheet work [18:55] What is James' Borderless podcast about? Website: |
Fri, 26 January 2018
Gary Pinkerton kicks off today's show with a breakdown of what exactly a reverse mortgage is, and who it might be applicable for. He also shares how it works and why it can work during market downturns. Then Jason Hartman discusses cash flow, real appreciation and geographic diversification as it applies to his, not Albert Einstein’s, theory of real estate relativity. You’ll hear a valuable comparison of a typical Santa Ana, California property with a Birmingham, Alabama and an Atlanta, Georgia property. How do they stack up? Jason will lead you through an in-depth look at rent-to-value ratios (RV Ratio), historical appreciation rates of linear and cyclical markets, as well as hybrid linear/cyclical markets. This comparison may surprise you in several ways. What’s better A $455,000 house that rents for $2,500 per month to six people? Or several $52,000 houses that rent for $700 per month? The same concept can be applied to large multi family apartment complexes and across every geographic market or metropolitan statistical area (MSA). Next up, Jason talks to one of his lenders about reverse mortgages, a growing trend with broader implications on the real estate market and the economy as a whole. |
Thu, 25 January 2018
Gary Pinkerton took some time out of Meet the Masters to meet with former guest Adam Jackson about his lessons learned from real estate investing, and what takeaways he's had from Meet the Masters. The two discuss speeches by Ron Paul and Brian Smith, as well as why you might want to consider new construction over rehabbed properties. Key Takeaways: [9:10] Adam's current philosophy of trying to live free [11:20] Adam's takeaway from Brian Smith, founder of Uggs Boots [14:17] Meet the Masters helped Adam pick his 3rd market for properties [17:20] Gary's IDEAL acronym [22:06] Most people move from rehabbed properties to new construction as they spend more time in the investment game Website: |
Fri, 19 January 2018
Gary Pinkerton kicks off the episode discussing the relationship between real estate investors and their tenants. He points out the importance of making sure both sides of the deal are winning, and expectations are set from the beginning. This is true whether you're with a property management company or you're self-managing. Then, Jason Hartman is joined by author and real estate investor, Barb Getty, as she talks about her journey into real estate investing, what it takes to be a good landlord or property manager, how to find and keep great tenants, and explains the eviction process. Tragedy struck in 1992 when her 17-year-old son was killed in a car accident. Her daughters were 16 and 14 at the time. Sadly, Barb’s 21-year marriage ended eight months after Todd’s death. She bought a small home needing repairs, and following the fix-up, she and her daughters moved in. Pleased with that first project, Barb purchased her first duplex (with little money, no credit and no experience), hoping she had the wherewithal to be a landlord. Today, she owns 27+ units — a mix of single and multi-family, low and middle income rentals. Barb has also added high-end property management, consulting and speaking engagements to her business. Although she hasn’t had an easy road, Barb is both financially and emotionally invested in her work. She invites people to watch a video showing scenes she faces as a landlord in the inner city. Barb authored The Landlord Chronicles: Investing in Low and Middle Income Rentals, published in 2010. Armed with a positive attitude and a strong sense of humor, Barb Getty is making a difference in her tenants’ lives, the neighborhood and the city as well. Website: |
Wed, 17 January 2018
Gary Pinkerton kicks off this 10th show with a look back at his speech from Meet the Masters. In it, Gary talked about how he's redefined his life to focus on sharing his unique genius with the world. He believes that some of the work Dan Millman, Jason's guest for the day, has done can help you achieve your unique genius. Then, Jason Hartman talks with Dan Millman. He is the author of, "Way of the Peaceful Warrior: A Book That Changes Lives" and "The Creative Compass: Writing Your Way from Inspiration to Publication." He's also the former director of gymnastics at Stanford University and a former world champion athlete, martial arts instructor, and college professor. After an intensive, twenty-year spiritual quest, Dan's teaching found its form as the Peaceful Warrior's Way, expressed fully in his books and lectures. His work continues to evolve over time, to meet the needs of a changing world. Dan's thirteen books, including Way of the Peaceful Warrior, have inspired and informed millions of readers in 29 languages worldwide. The feature film, "Peaceful Warrior," starring Nick Nolte, was adapted from Dan's first book, based upon incidents from his life. Much of Dan's time is devoted to writing and speaking. His keynotes, seminars, and workshops span the generations to influence men and women from all walks of life, including leaders in the fields of health, psychology, education, business, politics, sports, entertainment, and the arts. Website: |
Fri, 12 January 2018
Gary Pinkerton kicks off the show discussing some of the parts of the new tax plan that will have the most impact on real estate investors. He specifically targets changes to depreciation and what's changed when it comes to HELOCs (home equity lines of credit). In this second half of the show, Jason Hartman finishes his interview with Ryan Schellhous, as the two continue their look at the new GOP Tax Reform. Ryan points out a few more big changes, as well as several minor ones. Some of them are HUGE for real estate investors, like the accelerated bonus depreciation, while some are mostly targeted at smaller groups (like hedge fund managers). Key Takeaways: Gary Intro: [4:31] Depreciation of your property doesn't cover your income after about 5 years [9:43] Change in rules for HELOCs (Home Equity Lines Of Credit) [13:43] A mischaracterization of HELOCs you shouldn't fall for Ryan Schellhous Interview: [20:15] The accelerated bonus depreciation is enormous for real estate investors [23:46] Changes to the 1031 Exchange rule [27:50] The carried interest rules have changed as well, impacting the hedge fund managers trading techniques [29:39] 529 plans (education plans for children) can now be used to pay for private schools [30:12] Some tax changes that were EXPECTED but didn't end up happening Websites: |
Wed, 10 January 2018
Gary Pinkerton starts off the episode with a rundown of what he sees in the GOP Tax Reform bill from the standpoint of a real estate investor. He goes in to some of the points that are specifically a plus or minus for individual investors. Then Jason talks with Ryan Schellhous, founder at IndigoSpire CPAs & Advisors, about the new tax plan. The two start off with a 30,000 foot overview of the plan, then drill down into specific components of the plan as they figure out who is going to be helped and who may not see as much of a benefit under the plan. Ryan explains the biggest revenue raisers and "losers" under the new bill, and some of the most important pieces that will impact individual filers. Key Takeaways: Gary Intro: [2:48] The tax reform didn't actually make taxes any less complicated [5:52] Loans over 750k will be impacted, which could impact purchasing Ryan Schellhous Interview: [10:58] The 30,000 foot overview of the GOP Tax Reform [12:53] Will this tax reform create a repatriation of wealth back to the US? [16:43] The move that mobilized the GOP forces toward tax reform [18:40] The 2nd most important thing in the tax plan was the widening of tax brackets and lowering of rates for individuals [20:50] The standard deducation has been increased, which should increase the number of simple 1040s being filed [23:51] The single largest revenue raiser in the entire bill [26:04] The change in mortgage interest deductions could cause a dampening in the high end real estate market [28:33] The Alternative Minimum Tax isn't gone, but it's gone through an overhaul [30:25] Pass-through businesses are getting a 20% deduction Website: |
Sun, 7 January 2018
Gary Pinkerton starts off the show today talking about the definition the founders intended when they put down "pursuit of happiness", how it's been twisted by Americans today, and what a smaller government could mean. Then, Jason introduces his guest, and Meet the Masters headline speaker, former Senator Dr. Ron Paul. The two examine what liberty really means, what governments role actually is, the damage our educational system is doing to our society, and what should be done with the federal income tax. Key Takeaways: [10:31] What is the meaning of liberty, according to Ron Paul? [15:20] How do you draw the line about what the government should be involved in? [18:50] Ron Paul's liberty amendment to end income tax [22:28] Progressive education has harmed our nation [25:15] What business is it of the government to involve themselves in so many aspects of our lives? [27:36] Many governmental programs have distorted markets like student loans and housing markets [31:53] Distorted prices and manipulating the currency and tax codes makes people worry about gaining the best tax advantage rather than getting the highest return or providing the most value [35:07] Inflation, from the government and central bank point of view, seems to be a great business plan Websites: |
Wed, 3 January 2018
Gary Pinkerton starts off the show discussing how true wealth can be built through real estate if done correctly. It's important to remember what's an asset and what's a liability, and how you can use your assets to afford something that's a liability without compromising your success. Then Jason Hartman is happy to bring one of his clients, Adam Jackson, on to the show to talk about his journey into real estate investing. Adam started buying properties toward the end of 2016, and has subsequently purchased 11 homes in the past year on his quest for financial freedom. Adam shares what markets he's currently invested in, where he's looking to expand, keeping score with personal financial statements, and keeping a healthy balance. Key Takeaways: Gary Intro: [3:36] Sometimes we need gut checks on our journey to remind us of what we really need to do to reach our goals [6:23] Take control of your investments, because nobody will ever care about your financial success as much as you do Adam Jackson Interview: [12:25] Who is Adam Jackson? [18:04] Where Adam bought his first property, and why [20:15] Why Adam chose to buy a home with cash [28:05] When you suffer through an expensive repair, remember that your loss is shared by the government on your tax return [30:42] How to Keep score via financial statements [35:36] The P vs PC Balance [38:42] Adam's attempt at the abundance mentality and trying to pass along whatever wisdom/money/time he can [42:23] Focusing on a few things in-depth is better than a little bit of everything [21:12] Where Adam bought his first property, and why [23:23] Why Adam chose to buy a home with cash [31:12] When you suffer through an expensive repair, remember that your loss is shared by the government on your tax return [33:50] How to keep score via financial statements [38:44] The P vs PC Balance [41:50] Adam's attempt at the abundance mentality and trying to pass along whatever wisdom/money/time he can [45:31] Focusing on a few things in-depth is better than a little bit of everything Website: "The other asset, that people don't realize they have, is their credit" |
Mon, 1 January 2018
Jason Hartman is proud to announce the latest addition to the 2018 Meet the Masters of Income Property event, Ken McElroy. Ken is a Rich Dad Advisor and entrepreneur who is an expert in investment analysis, property management, and property development. He's responsible for over $700 million investment dollars in real estate. Ken is the author of the best-selling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABC’s of Property Management, and most recently his book on entrepreneurship: The Sleeping Giant. Website: |
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