CI 78 – Asset Matrix Inflation vs Deflation

Single-family homes sales rose in January, bringing income property inventory low. During a recent semiar, Jason shared why investing in a single family home as income property is the only logical investment during an inflationary period. And, if the signs are correct, the Trump administration is going to take the U.S/ economy into an inflationary period.

Key Takeaways:

[0:44] Inflation induced debt destruction by way of a mortgage.

[2:51] Jason explains how the government manipulates inflation numbers through hedonic adjustment.

[10:19] The ultimate investing equation.

[17:38] Anything that does not produce income is not an investment.

[19:29] Cash and bonds are destroyed by inflation.

[21:31] The IRS does not account for inflation.

[24:45] During deflationary periods people default on their loans.

[27:08] If you have a corporate job you are paying more taxes than the self-employed.

CI 77 – Improving Investor Sentiment with Frances Donald

Frances Donald, Senior Economist at Manulife Asset Management and Chief Economist at John Hancock Financial Services is today’s guest. Jason Hartman and Frances discuss consumer, investor, and executive sentiment numbers in the home and job market. While we don’t know exactly why the economic is experiencing such a resurgence, Frances does attribute at least some of it to the potential policy changes Trump is looking to bring.

Frances and Jason also discuss pent up real estate demand, and how student loan debt is impacting that.

Key Takeaways:

[1:12] Investor sentiment gives a positive outlook for the US economy

[3:54] Is Trump the cause of the economic forecast?

[5:11] Rising interest rates present a challenge for the housing market

[8:12] Trump is inspiring confidence in companies all across the country

[9:53] Real estate investment is a small part of the total economy

[14:30] There are two true drivers of rental housing

[17:02] The housing and rental markets are not currently in their natural order

[20:41] The importance of demographics in relation to wage growth

Websites:

www.JohnHancock.com

@FrancesDonald

There are fewer multipliers to growth from a rental market than there are from a housing market.

CI 76 – Self Managing Your Rental Properties with Nathan Miller

Jason Hartman talks with the founder of Rentec Direct, Nathan Miller, as the two seek to help investors self manage their properties with tools such as Rentec Direct. Rentec offers complete solutions including inventory, property management tools, and now exclusive financing with terms you will appreciate. Nathan says Rentec Direct is designed for investors with 2-20 income properties. Tenant screening, automated payments and a property manager access option makes the tool accessible and easy to use.

Key Takeaways:

[1:52] Rentec Direct’s average client is an investor with 2-20 properties.

[3:51] The Rentec tool is designed to make a landlord’s life easier.

[9:01] Tenant screening is via Trans-Union.

[13:58] Rentec PM has the option to open an owner/investors portal and is 20% more.

[18:27] What differentiates Rentec Direct from their competition?

[24:02] Live chat support is available within the program.

Website:

www.RentecDirect.com

www.Cozy.co

CI 75 – How to Avoid Committing Tax Crimes with Robert Wood

Jason Hartman talks with Robert W Wood, Managing Partner of Wood LLP, about some of the ways business owners might be putting themselves at risk when dealing with employees. Robert is a corporate and individual tax attorney who has seen many businesses and people unknowingly commit tax crimes that come back to haunt them. He gives some advice on avoiding some of the more common issues he’s seen.

Robert has been ranked by United States Lawyer Rankings as one of the top 6 tax attorneys in the nation.

Key Takeaways:

[1:23] Are offshore accounts a no go nowadays?

[3:45] Inadvertent ways people are breaking tax laws

[4:46] Nearly all IRS criminal cases get started the same way

[7:44] What should you do if the IRS Criminal Division knocks at your door?

[10:09] How lawsuit settlements are handled under tax codes

[12:00] Important tax things to keep in mind when you hire a freelancer

[17:44] Having freelancers and full time employees doing the same job can put you on dicey legal ground

Website:

www.WoodLLP.com

CI 74 – Making Money During Market Turmoil with Nick Sargen

Jason Hartman talks with Nick Sargen, author of Global Shocks: An Investment Guide for Turbulent Markets, about how our economy might be changed with Donald Trump taking over in the White House. Nick is Senior VP and Chief Economist at Fort Washington Investment Advisors. Before that he worked at Morgan Guaranty trust, the Federal Reserve Bank of San Francisco, and the US Department of Treasury.

Key Takeaways:

[1:10] Trump’s pro-business stance could change the US economic situation

[4:42] Will more spending mean higher interest rates?

[6:50] There are legitimate concerns about how President Trump will handle the issue of trade

[9:36] Inflation doesn’t necessary follow budget deficits

[12:13] Donald Trump, our first real estate president, who will be pro-growth

[15:05] Why Trump’s policies have been good for the market

[17:55] A guide to Nick’s book, Global Shocks: An Investment Guide to Turbulent Markets

[20:29] How to invest in order to take advangtage of a bubble.

[24:13] The technology sectors role in the current stock market

Websites:

Fort Washington Investment Advisors

Global Shocks: An Investment Guide for Turbulent Markets

CI 73 – Retaking America, How American Will Bounce Back with Nick Adams

Jason Hartman talks with FLAG (Foundation for Liberty and American Greatness) founder and Executive Director, Nick Adams. Nick wrote the book The American Boomerang: How the World’s Greatest Turnaround Nation Will Do It Again, which has turned into a best seller. Jason and Nick look at what America needs to do to return to greatness, and whether President Trump could be the man who makes that happen.

Key Takeaways:

[2:11] What would need to happen to create a true American renaissance?

[4:01] Nick read The Art of the Deal at 11 and now proudly supports Trump

[8:00] The Tall Poppy Syndrome does not apply in the US.

[12:32] The 4 areas that America is considered exceptional

[15:51] The only way to really grow the economy is an increase in consumer confidence

[16:50] The keystones of an American economic boomerang

[20:38] What do the next 4 years of President Trump hold?

Website:

www.flagusa.org

CI 72 – What President Trump Means for The Future of Real Estate Investing Daren Blomquist

Jason Hartman talks with Daren Blomquist, Senior VP at ATTOM Data Solutions and the Executive Editor of ATTOM’s award-winning Housing News Report. They examine how our new President, Donald Trump, could influence real estate investing, how the economy might react, and what regulatory environment we’ll be investing in.

Key Takeaways:

[1:43] A Trump presidency’s impact on real estate investors and our economy

[5:55] Lack of wage growth has caused affordability issues

[8:46] Housing bubbles tend to be created by lower interest rates

[11:33] Housing prices continue escalating while home ownership has dropped to a 50 year low

[15:43] What impact would repealing Dodd-Frank have?

[19:11] ATTOM’s Housing News Report article explains the phenomenon of big banks running away from the mortgage business

[20:16] October 2016 saw a continued increase in foreclosure activity

[24:29] The promised $1 trillion infrastructure investment will help real estate investors.

[25:36] Get the Housing News Report free for a year by emailing [email protected] and mention “Creating Wealth”

Websites:

http://www.realtytrac.com
http://www.realtytrac.com/news/tag/marketing-list
http://www.attomdata.com

CI 71 – Investing in Real Estate Under President Donald Trump with Newmark Grubb Knight Frank’s James Kuhn

James KuhnJason Hartman talks with James D. Kuhn, President of New York City’s Newmark Grubb Knight Frank commercial real estate advisory firm, to discuss the changes they are expecting to see in the real estate investing landscape under President Trump.

Key Takeaways:

[2:03] President Trump has the ability to make a serious impact on real estate investing

[6:12] Trump’s trade policies will create clear winners and losers

[11:19] Education is the clear separator between the middle and lower class job growth

[14:14] Online college should be accessible to all and cheap

[16:14] Finding value as a real estate investor is getting harder

[19:00] When will the Fed make their interest rate move?

[20:42] Real estate is the last great investment opportunity

[23:09] Remember your commandments, thou shall not gamble in real estate investing

Websites:

www.ngkf.com

CI 70 – Why Real Estate Investors Need to Know How Amazon.com Picks Distribution Center Locations with Julie Benezet

Jason Hartman talks with Julie Benezet, Founder and Managing Principal of Business Growth Consultants and former Director of Global Real Estate at Amazon.com. Julie gives Jason a peek into Amazon’s business philosophy and build out plans. She also explains why it can be profitable to understand the motives behind Amazon’s movements. Julie is author of the new book The Journey of Not Knowing: How 21st Century Leaders Can Chart a Course Where There is None.

Key Takeaways:

[1:41] Julie details her business planning efforts at Amazon.com.

[6:35] Amazon’s ‘Get Big Fast’ mantra required employees who knew the rules of distribution.

[9:20] How Amazon chose locations for their fulfillment centers.

[12:57] Unpacking Julie’s book to understand the 4 steps required to do business in the 21st century.

[19:39] Julie reviews the 4 steps.

[20:36] Germany was the location of Julie’s defining moment as a leader.

[27:15] Pay attention to your customers!

Website:

Foundation for Economic Education

Business Growth Consulting

The Journey of Not Knowing: How 21st Century Leaders Can Chart a Course Where There is None

CI 68 – Unintended Consequences with Ed Conard

Ed Conard, author Unintended ConsequencesEd Conard, economist, and founding partner of Bain Capital, alongside Mitt Romney, joins Jason Hartman in this episode of Commercial Investing Center. Jason and Ed dive into his New York Times Bestselling book Unintended Consequences: Why Everything You’ve Been Told About the Economy is Wrong, along with his soon to be released book, The Upside of Inequality: How Good Intentions Undermine the Middle Class. The two discuss CEO pay, the growing technology sector, and the impact regulations have on competition.

Key Takeaways:

[1:28] Ed discusses his time at Bain Capital with Mitt Romney, when they experienced enormous growth.

[3:30] Bain Capital gave clients the opportunity to invest in capital investment and management supervision related opportunities.

[5:07] Bain Capital also provided a higher risk strategy, so they could capitalize on investment opportunities of undervalued assets.

[7:21] The Upside of Inequality tackles the productivity of the American worker

[12:18] The US economy is picking up, and Fortune 400 companies continue to turn over, suggesting companies aren’t just negotiating for a bigger piece of the pie

[14:47] People may find it hard to believe, but CEO pay may not be as ludicrous as it appears

[19:36] Compared to other sectors of the economy, tech companies pay less taxes and have much looser regulation

[21:22] Tech sector profitability has been amazing

[22:23] The economy is squeezing the profitability out of most other sectors.

[24:45] The way to grow in today’s economic landscape is to have trained talent and the willingness to take a risk

Website:

http://www.edwardconard.com
https://twitter.com/edwardconard