Creating Wealth Real Estate Investing & Income Property

Today's Flash Back Friday comes from Episode 997, originally published in May 2018. Jason Hartman starts off the show with client Doug about portfolio makeovers, why you should stay in the game for the long run, and the fallacy of the passive investment. Doug got out of the real estate business just before the (positive) market correction and missed out on a lot of money. Then, Jason finishes his client case study with Muthiah. This time the two look at the actual process of Muthiah filing a claim against a bad provider and how he was about to get restitution after some avenues had failed. Jason also explains how to get a hold of his Hall of Shame resource list, and why you should file complaints even if they're not likely to help you alone. Key Takeaways: [5:05] There's no such thing as a passive investment, but there are some things that are easier [9:16] If you do the math properly, real estate versus the stock market isn't even a competition [12:15] The problem with being too passive is you don't learn from your successes or failures Muthiah Client Casey Study, Part 2 [20:00] Muthiah has never tried to self manage his current 20 properties [23:00] Want Jason Hartman's Hall of Shame resource list? Fill out any form on JasonHartman.com [25:18] Muthiah's process of filing complaints against the provider [29:48] You're not just filing these complaints for yourself, it's your duty to protect other people Website: www.JasonHartman.com/Properties

Jason Hartman and Investment Counselor Adam take today's episode to examine a real estate scam that is finally being investigated by the FTC that has been used to defraud untold number of people out of tens of thousands of dollars each. These criminals might finally be held accountable. After that Jason and Adam examine Dan Ariely's YouTube video about how to make money less abstract and why the idea of paying yourself first is so important. They then wrap up the episode with some great economic news for our tenants that neither side of the political aisle is talking about. Key Takeaways: [4:07] The FTC is examining alleged scams with TV stars from shows about flipping [9:33] Be wary of free events [13:20] How to compare your money [16:22] Create your own hedonic values when it comes to your money [18:18] Pay yourself first is an important concept for our lives [20:55] The Pain of Paying concept [27:40] The wage growth story that neither political party wants to take credit for [31:27] The theory of anti-fragility Website: www.JasonHartmanLive.com www.JasonHartman.com/Properties Dan Ariely's Making Money Less Abstract

Today focuses on Commandment #13: Thou Shalt Understand the Theory of Relativity As It Applies to Real Estate Investing. Visualization is an immensely powerful thing. What the mind can conceive and believe, the mind can achieve. Because of the power of visualization, Jason went and found an expert who can help real estate investors get in the right mindset and, hopefully, set you on a path to an even better portfolio and life. Website: www.JasonHartman.com/Properties

In this off-topic 10th episode, Jason Hartman spends some time analyzing the power of the brain and what our brain does to protect ourselves and allow us to function in our day to day life. He also lays down a challenge for all listeners in order to figure out what's important to us all. Then Jason talks with Lawrence Susskind, Ford Professor of Environmental & Urban Planning at MIT and Vice-Chair of the Program on Negotiation at Harvard Law School and author of Entrepreneurial Negotiation: Understanding and Managing The Relationships That Determine Your Entrepreneurial Success, about what urban development means in today's age and ideas coming up that can help alleviate many of our city's difficulties. Key Takeaways: [4:25] Always be trying to strengthen your attention muscle [7:15] Our brains are phenomenal at denying we're going to die, which allows us to function [19:20] What if we embraced life and brought our A game every day rather than thinking death was some thing way off we don't need to worry about? Lawrence Susskind Interview: [24:05] The art of urban planning and its changing nature [27:06] Cities are going through a process of change and we're likely to see big cities continuing to spread rather than becoming denser [36:47] The single most important thing to becoming a better negotiator [41:49] You need to know the other party's options so that you can know where you stand in negotiations [50:10] We need to stop thinking that text based communication can be a way to run a business Website: www.EntrepreneurialNegotiation.com www.JasonHartman.com/Properties

From St. John, New Brunswick, Canada, Jason Hartman looks at 2 news articles that should make real estate investors pretty happy. They're about how even high earners aren't able to buy homes right now (giving us a bigger renter pool to serve) and how the refinance market has skyrocketed and how you can take advantage of it. Then Jason talks with Andres Pira, CEO of Blue Horizon Developments, Managing Director of Phuket Condos & Homes and author of the book Homeless to Billionaire – The 18 Principles of Wealth Attraction and Creating Unlimited Opportunity, about his journey through real estate investing and how he reached this point in his career. Andres explains the importance of giving before expecting and how that will help you succeed in business and life. Key Takeaways: [5:03] People making $100,000 a year still can't buy homes in many American cities [9:16] Refinancing is up 300% due to low interest rates Andres Pira Interview: [13:29] Andres' path through the real estate world [17:48] You have to take risks in life, so just make sure you consider the worst case scenario and whether you can bounce back from it [21:21] Vibrational giving: give out first, then good things will come later [26:31] Stop trying to win deals and make them win-win Website: www.JasonHartmanLive.com www.AndresPira.com