CI 106 – Foreign Investment in US Under the Proposed Tax Changes with Ed Mermelstein, Rheem Bell & Mermelstein

Jason Hartman talks with Ed Mermelstein, founding partner of Rheem Bell & Mermelstein LLP, about what the GOP tax plan will likely do to foreign investment in US real estate. Ed describes how foreign investors are CURRENTLY investing in the US, and whether this plan will make the money flow in to the country or go running away to other countries. This impact will have especially large effects on big name markets like New York, San Francisco, and Los Angeles.

Key Takeaways:

 

[1:43] Will the proposed tax plan make the US real estate market more or less attractive to foreign investors?

[3:58] The typical business designation that foreign investors use

[6:33] Why some changes in deductions will effect investment in big cities like NY, LA, SF

[9:39] Which countries some of the major US markets get most of their foreign investment dollars from, and how the investors are using their properties

[13:42] Are any foreign governments buying US real estate?

[16:44] The US is in a sweet spot where European and Asian investors will invest, but it doesn’t go overboard because of logistics like time differences and distance

Website:

www.RBMLLP.com

www.OneAndOnlyRealty.com

www.JasonHartman.com/Contest

“If fewer people wanted to own homes it will be better for the economy, and it will be better for investors.”

Foreign investment tends to sometimes make the news in a negative manner, but we should also consider the benefits of foreign investment in the United States

CI 105 – Client Case Study with Adam Jackson – Financial Statements for Investing with a Marine Corps Veteran

Jason Hartman is happy to bring one of his clients, Adam Jackson, on to the show to talk about his journey into real estate investing. Adam started buying properties toward the end of 2016, and has subsequently purchased 11 homes in the past year on his quest for financial freedom.

Adam shares what markets he’s currently invested in, where he’s looking to expand, keeping score with personal financial statements, and keeping a healthy balance.

Key Takeaways:

[1:47] Who is Adam Jackson?

[7:26] Where Adam bought his first property, and why

[9:36] Why Adam chose to buy a home with cash

[17:26] When you suffer through an expensive repair, remember that your loss is shared by the government on your tax return

[20:03] How to keep score via financial statements

[24:57] The P vs PC Balance

[28:03] Adam’s attempt at the abundance mentality and trying to pass along whatever wisdom/money/time he can

[31:44] Focusing on a few things in-depth is better than a little bit of everything

Website:

Submit Your 5-Year Plan!

www.JasonHartman.com/Masters

Magic Power by Triumph

“The other asset, that people don’t realize they have, is their credit”

CI 104 – Crowdfunding Real Estate Deals with Ray Sturm

We’ve all heard about crowdfunding sites like GoFundMe, KickStarter, and IndieGoGo. Now, however, there’s crowdfunding for real estate deals, and AlphaFlow is one of the leaders in the industry.

Jason Hartman talks with Ray Sturm, co-founder and CEO of AlphaFlow, about how it all works, what kinds of deals AlphaFlow is interested in, and why some deals just don’t work.

Key Takeaways:

[1:59] What AlphaFlow is and how it works

[3:58] The regulations AlphaFlow has to follow

[6:43] In real estate crowdfunding you have to commit early

[10:47] Why AlphaFlow sticks with residential real estate

[13:58] The interest rates that borrowers are paying and how the loan breakdown works

[16:33] AlphaFlow stays away from refinancing deals

Websites:

www.AlphaFlow.com

CI 102 – Hacking the SEC’s Fund Raising Rules with Amy Wan

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.

Key Takeaways:

[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

[10:18] How the Jobs Act changed the investors you can target and how

[16:53] The price structure of Bootstrap Legal

[21:03] Raising money isn’t just putting something up on a website and waiting for the money to flow in

Website:

www.BootstrapLegal.com

CI 101 – From $7 to Apartment Syndication Empire with Vinney Chopra

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.

Key Takeaways:

[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

Website:

www.MultiFamilySyndicationAcademy.com

www.VinneyChopra.com

CI 100 – Dealing with People Who Treat You Like Dirt with Robert Sutton

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).

Key Takeaways:

[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

Website:

www.BobSutton.net

www.Twitter.com/Work_Matters

CI 99 – Selling Yourself to the Seller

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.

Key Takeaways:

[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.

Website:

www.JasonHartman.com/Properties

Grant’s Interest Rate Observer

www.VentureAllianceMastermind.com

CI 98 – Compounding Interest’s Impact on Your Investment with Clay Slocum

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.

Key Takeaways:

[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.

[42:01] Resources for tax help.

Website:

www.JasonHartman.com/Properties

Meet the Masters of Income Property 2018

www.RealEstateTools.com

Compound Interest Calculator

“Opportunity cost is a cost most people don’t evaluate.”

CI 97 – Buying Properties Sight Unseen with Cash Flow Guys Tyler Sheff

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.

Key Takeaways:

[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

Website:

Meet the Masters 2018

www.RealEstateTools.com

www.CashFlowGuys.com

CI 96 – Stop Thinking the United States is Running Out of Money with Mike Norman

Mike Norman, MMT Economist

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.

Key Takeaways:

[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.

Website:

Mike Norman on YouTube

Mike Norman Economics