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

CI 67 – Franklin Street’s Andrew Wright’s Outlook for the Office, Retail, Industrial, and Multi-Family Real Estate

Andrew Wright, Franklin StreetJason Hartman interviews Franklin Street’s CEO and Managing Partner, Andrew Wright. Under Andrew’s leadership, Franklin Street has won several awards, including Best Places to Work by the Tampa Bay Times and the Tampa Bay Business Journal.

Andrew has had a personal involvement in more than $1 billion in real estate and finance transactions, and is also well versed in distressed real estate, having resolved more than $800 million in debt since 2009.

Jason and Andrew discuss the current state of US real estate market, particularly the multi-family and mixed use sectors, and where the value might be moving forward.

Key Takeaways:

[1:35] Trump’s potential impact on real estate markets

[4:59] The impact online shopping has had on retail centers

[8:31] The changing demand for the warehouse and delivery industries because of the internet

[12:54] Andrew’s take on if we’re closer to a boom or bust right now

[17:03] A market by market analysis on what cap rates Andrew’s currently seeing

[19:08] What types of investments Andrew is excited about today

Website:

www.franklinst.com

CI 66 – Commercial Real Estate Investing for Doctors, Dentists, and Professionals with Buck Joffrey

Buck Joffrey, Wealth FormulaJason Hartman talks with Dr Buck Joffrey, a surgeon, real estate investor, and entrepreneur. Buck runs Wealth Formual, the podcast and company, which helps professionals like himself invest their money in prudent fashion. Buck and Jason discuss investing in commercial assets, why the work style of professionals sometimes lead to bad investing decisions, and alternative investments you likely aren’t considering.

Key Takeaways:

[1:55] Why doctors and other professionals might be bad investors

[6:57] Buck’s investing beliefs

[9:50] Single family houses aren’t his forte, but Buck loves real estate

[14:35] How Buck goes about structuring his commercial real estate deals

[17:30] Cap rates are getting squeezed now

[20:10] Buck is involved in a huge hotel deal in Belize, and why he also invests in things like oil and gas drilling, which he knows little about.

[24:20] Investing in life settlements

Website:

www.wealthformula.com
Wealth Formula Podcast

CI 49 – Investing in Distressed Assets with American Home Recovery Fund’s Marc Gold

Marc Gold, American Home Recovery FundMarc is the founding partner and managing director of both the American Home Recovery Fund and NoteWerx, the note portfolio management cloud ware.

Marc brings over 20 years of senior management and transactional experience in the paper business of mortgage banking and real estate. Marc co-founded American Home Recovery Fund, a multi-million dollar private equity multi-fund, whose primary mission is to purchase NPLs and modify the current borrowers. With the expansion and success of the fund’s business, AHRF developed their own note portfolio management platform, but when it became clear that their software filled a huge void in the note space, NoteWerx was born and turned into its own business channel.

Marc also serves as president of American Home Veterans, a non-profit organization in formation to convert distressed housing assets into donation homes and provides sustainable housing for our nation’s disabled veterans.

Key Takeaways:

[2:08] The American Home Recovery Fund aims to keep people in their homes, but doesn’t shy away from buying distressed assets.

[5:03] Why investors who used to be specialists are now starting to invest in new territory

[7:33] Why banks giving out mortgages, then promptly selling them

[9:32] Why the housing collapse didn’t make the banks get their act together when it comes to lending

[11:34] What’s still available out there for investors?

[15:02] Middle America has great deals still available

[17:49] Where Marc sees the overall market trending

[19:24] The impact of Dodd-Frank revisions on Marc’s business

Websites Mentioned:

www.ahrfund.com
www.note.guru

CI 34 – High Occupancy Rates with Military Tenants

Jason Hartman hosts a two-part show where we start with some reflections on the recent “Meet The Masters of Income Property Investing” event at The Hyatt Regency in Irvine, California. Investment Counselors, Ari and Sara join Jason as they discuss the following:

1)   Establish 5 year plan for where you would like to be in 2016

2)   26-27% real unemployment rate

3)   Decline of standard of living for America (ask tenants)

4)   Which entry point are you?

a. Beginning Investor – Optimize rapid growth that can be re-invested for long term compounding
b. Growing Investor – Optimize for stable long term (inflation protected)
c. The short path to retirement – Optimize for low risk and high stability
5) Prime age for spending is 46 years old

6) Gen X is 40 million

7) Gen Y is 80 million people (early 20’s now)

8) New investors should seek returns in the 20-25% range

9) The big problem now is that people are running out of money before they die

10) Social Security will not work (look at Greece). People are living longer too now.

11) Young Investor

a. Huge impact on higher returns early in your investing career (bell curve)
b. New Investors also have the opportunity to cherry pick high return small deals to start their career
12) Investing $1,000 annually (9k) from age 21-30 and letting it compound, or $1,000 per year after 30 years old (35k). Early investor will win.

13) Invest while young and seek safer investments when older.

14) The growing investor

a. Stability matters
b. Inflation creates volatility by disconnecting the nominal (name only) value or real value of assets
c. Income properties are best positioned to create inflation protected, stable growth
15) Investors need to leverage and make debt work for them (redistribute wealth)

CI 33 – Getting Rid Of A Bad Property and Lawyers Are Liars

Jason explores some ways to get out of a bad property then he interviews author/attorney Mark Kohler about his book “Lawyers Are Liars: The Truth About Protecting Our Assets.” Mark is an attorney, CPA and entrepreneur who has owned numerous businesses since high school, through college and even as a professional. Mark’s principal career has been as a partner in the law firm Kyler, Kohler, Ostermiller, & Sorensen, LLP. He specializes in the areas of business, estate and tax planning. Mark owns several commercial real estate projects and loves the people, transactions, and everything to do with real estate. You will be pleasantly surprised at how exciting and interesting a discussion regarding tax and legal planning can be. Jason and Mark will distill complex legal and tax strategies to common layperson terms, adding interesting stories and anecdotes.

Some lawyers, and others who are not lawyers, use fear tactics to sell the unsuspecting public various asset protection structures or strategies that are outright lies. Until now, no other professional has been willing to call out the frauds and cheats in this powerful industry where self-professed experts and do-it-yourself hacks wreak havoc on the innocent just wanting to protect their assets. This episode we will expose the liars. Undoubtedly, this book will become a desktop resource for not only the average middle income American wanting to protect his or her assets, but attorneys, estate planners and financial professionals guiding their clients through this complex area of the law. Learn the best kept secrets in asset protection planning, learn the truth about Nevada corporations, off-shore planning, land trusts and all of the so called silver bullet strategies! Mark and many other great speakers will be presenting at “The Masters Weekend: A Gathering of Experts”.

CI 32 – How To Save On Life’s Largest Expense with Diane Kennedy, CPA

Most of us spend lots of time shopping around for the best deal on the things we buy while spending more money on taxes than anything else. Why not “shop around” to save money on life’s single largest expense? Join Jason as he talks with famed CPA, Diane Kennedy, about the tax strategies of wealthy real estate investors and business people. Visit: www.CommercialInvestingCenter.com. Diane Kennedy, a preeminent tax strategist, is the founder of USTaxAid Services, a leading tax firm that works with clients throughout the U.S. and founder of TaxLoopholes, an award-winning online tax education site. Diane is the author of The Wall Street Journal and Business Week bestsellers, Loopholes of the Rich and Real Estate Loopholes, and co-author of The Insider’s Guide To Real Estate Investing Loopholes, The Insider’s Guide to Making Money in Real Estate, The Insider’s Guide to Tax Free Real Estate Investing and Tax Loopholes for eBay® Sellers.