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:

www.JasonHartman.com/Properties

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:

www.GraffitiTracker.com

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.

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:

www.Rollors.com

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.

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:

Pilot Properties on Facebook

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:

www.DanielAmerman.com

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:

www.JenSincero.com

@JenSincero