The SEC has a whole lot of rules about fundraising for specific ventures, both about WHO you can pursue and HOW you can pursue them. Jason Hartman talks with Amy Wan, Esq, founder (& Chief Legal Hacker) at Bootstrap Legal, about ways to hack the SEC when raising funds.
[2:41] The primitive nature of law and why it doesn’t advance very much
[6:43] What the SEC actually cares about when you raise money for securities
Vinney Chopra came into the United States with $7 in his pockets, and a work ethic to take him far in life. From selling encyclopedias door to door for 80 hours a week to now buying $25+ million apartment complexes, Vinney hasn’t let anything stand in his way.
Listen in as Vinney tells Jason Hartman the story of his immigration, and how his investment career has unfolded.
[1:40] Vinney’s immigration story
[4:31] Vinney first started earning his money by selling encyclopedias door to door
[8:18] The first home Vinney bought, and when he got into the rental property business
[11:53] Transitioning from single family homes to multifamily
[15:03] There are things you can do with multifamily investments that don’t make sense for single family
[19:22] Portability has become the new norm for residents of apartments and single family homes
Jason Hartman talks with Bob Sutton, author of The A**hole Survival Guide: How to Deal with People Who Treat You Like Dirt, about how to deal with people who are a consistently bear and you can’t avoid completely.
Sutton studies organizational change, leadership, innovation, and workplace dynamics. He has published over 150 articles and chapters in peer-reviewed journals, management outlets such as Harvard Business Review and the McKinsey Quarterly, and news outlets including The New York Times, Financial Times, and Wall Street Journal. His books include Weird Ideas That Work, The Knowing-Doing Gap (with Jeffrey Pfeffer), and Hard Facts, Dangerous Half-Truths, and Total Nonsense (with Jeffrey Pfeffer).
[1:33] The reaction Robert got from his first book on “jerks”
[5:20] Some people seem to enjoy being mean down to their core, what does Robert make of the idea that women are attracted to bad boys like that?
[8:51] The “rhythm method” of dealing with jerks
[12:20] How you can pick the right time to fight back against jerks
[16:27] We’re all slow to notice our own weaknesses
Investment Counselor and Local Market Specialist Liaison, Carrie joins Jason Hartman to see if he can correctly predict the effect the rise in interest rates will have on the US economy. Jason reminds us the Feds don’t directly impact mortgage rates but by directly impacting short-term rates all rates will be affected. For those of you who have income properties, the higher interest rates will put upward pressure on rents. And if you are looking for additional properties, be sure to get pre-approved for financing before the Oklahoma Property Tour and JHU Live event.
[03:53] What does the spike in interest rates mean for investors?
[10:07] Higher interest rates will put upward pressure on rents and lessen the concentration of wealth.
[14:17] Local Market Specialists and Investment Counselors are always working in the client’s best interest.
[23:41] It’s important to get pre-approved for financing in today’s seller’s market.
[25:10] Jason hints about the location for the next Venture Alliance Mastermind.
Jason welcomes client, Clay Slocum to the show. Clay is a millennial who currently has four properties in his real estate portfolio. Before buying his first property, Clay worked diligently with Oscar, his Investment Counselor, and a Local Market Specialist to play around with the numbers and he discovered his initial investment could grow exponentially. Clay shares his insights on the power of compounding interest, asset protection, and the Memphis market.
[2:33] Compound interest can be a powerful tool against inflation.
[8:15] Engineers take an analytical approach to investing.
[10:25] After 18 years, $100,000 grow to 14 million.
[17:46] Jason explains a Deferred Sales Trust.
[21:42] If you are on the fence about investing talk with an investment counselor.
[32:36] Asset Protection is a complicated subject you should speak with a lawyer about.
Tyler Sheff, host of The Cash Flow Guys Podcast, invited Jason Hartman on his show to discuss the different market types in the USA, and got some tips on remote managing as well. Jason explains that the stigma behind buying homes sight unseen, as well as self managing properties a thousand miles away, has abated some due to the wonders of technology.
[2:12] What Jason learned when he owned properties in 11 states
[7:08] Whether Tampa is a linear, hybrid, or cyclical market
[11:34] Our brains relation to the number 3 and how it relates to Jason’s diversification strategy
[16:13] Jason’s experience of beginning to self manage his remote properties
[18:46] When tenants are connected directly rather than through a property manager they tend to take care of more things themselves
[23:48] The need for standardized data when evaluating properties
Jason Hartman welcomes Economist Mike Norman to the show to discuss Modern Monetary Theory, or MMT. Mike shares examples of common misconceptions people have of the US monetary system and economy, such as the US debt clock, that inflation equals growth, and how the tax system works. He believes that the US has an unlimited supply of capital and balancing the budget or functioning as a fixed monetary system would accomplish the opposite of what is needed to create growth.
[1:10] Modern Monetary Theory (MMT) explains the value of money.
[4:09] A tax system is required to create demand for money.
[9:01] A fixed monetary system creates cycles of economic depressions and recessions.
[11:23] The US national debt is a summation of what is owned by the US and its constituents.
[18:55] A dollar must be created and pumped into the economy before it can be used to pay a tax debt.
[21:16] The US has an unlimited amount of new capital.
[26:43] There is a difference between inflation and growth.
The month of October brings the 2017 tax season to a close. Jason brings Fernando and Zack on the show to showcase the organizational tools and portfolio management options available through the newly upgraded Property Tracker 2.0.
The Property Tracker software makes creating Schedule E’s, depreciation schedules and other tax forms easy as well as a robust calendar which keeps track of all of your income properties important dates.
[1:14] Fundamentals for organizing and tracking investment properties.
[8:30] Property Tracker produces tax schedules including Schedule E and an up-to-date Schedule of Depreciation.
[12:28] Property Tracker 2.0 has updated proformas with RV ratio evaluations.
[14:54] Clarifying the statement “Every day you have a property you own and don’t sell, you are buying it back from yourself.”
[19:35] Organizational tips for using Property Tracker.
[23:58] Scanning with Optical Character Recognition (OCR) makes you more efficient.
[31:08] Details about the new Amazon Echo contest, the Meet the Master’s event and the upcoming Venture Alliance Mastermind.
[34:50] Free one-hour Property Tracker onboarding session with Zack for Jason Hartman clients.
In 2016 Jason was joined by Harry Dent, from Dent Research, to discuss the tax benefits you can get from moving to a US territory like Puerto Rico, some cyclical markets that are out of control, demographic problems around the world, inflation, and foreign investors in US real estate.
[1:20] Harry’s new home in Puerto Rico, and the tax benefits he can receive
[5:18] Vancouver real estate is out of control
[10:31] Japan’s biggest problem is a demographic problem
[14:21] Previously Harry had predicted a drop in gold which hasn’t happened, does he still believe it’s going to go down or was he wrong?
[19:01] In a deflationary environment the only chance you have to make money is in yield, which can be found in linear markets with cash flowing properties
[24:22] Most foreign real estate investors are legally laundering their money out of their country
Elisabeth and Jason finally get back together to talk about what’s going on in the world of real estate and inflation right now. They discuss some linear, hybrid, and cyclical markets, as well as the influence of foreign investors in the US real estate landscape.
[1:25] What Jason learned on his 7 week vacation/trip to Europe
[5:27] The patterns of countries like Japan and the importance of demographics
[9:52] Whether “this time it’s different” is at all applicable in this cycle, or if it’s just wishful thinking before a bubble bursts
[14:01] Donald Trump is loosening the flood gates of money, and how it will effect real estate investing
[19:39] The impact that foreign investment has on US markets
[26:25] A lot of the invisible inflation can be seen is by the rise of self-service
[31:38] We’ve got to stop viewing minimum wage jobs as careers