CI 202: New Construction Available in Jacksonville, FL

Jason Hartman and one of the network’s Florida market specialists discuss the Jacksonville market and what kind of housing is currently available. The two break down a pro forma for one of the available new construction properties and examine why Florida has become such a hot spot for people fleeing both the East and West coast states.

Key Takeaways:

[3:44] Florida is now drawing people from the East and West coast

[5:44] Jacksonville market profile

[9:43] Examining a pro forma of one of the new construction properties available in Florida

[12:16] There are a couple properties available that you could take advantage of in a 1031 exchange

[15:09] People are moving to Jacksonville to be near St Augustine, which is the 2nd busiest place for tourists in Florida behind Disneyworld

Website:

www.JasonHartman.com/Properties

CI 201: Accidental Landlord to Multifamily Owner with Greg Scott

Jason Hartman talks with client Greg Scott about his journey from accidental landlord to an owner of multifamily properties. Greg and Jason examine why people don’t know whether they’re winning or losing, how Greg was able to continue investing through the Great Recession, and what sort of demographics are making being a landlord look better and better.

Key Takeaways:

[2:24] Greg’s journey to becoming an accidental landlord

[6:01] People often don’t know whether they’re winning or losing

[11:08] When you hear about the returns people get from real estate and want to do the same, you have to actually act on it

[12:41] Greg’s plan for his new multifamily facility

[15:27] How worried was Greg when he was investing in property during the Great Recession?

[19:33] Does Greg see the same thing about high rental demand as Jason does?

Website:

www.JasonHartman.com/Properties

CI 200: Short Cuts To Happiness & Happier by Tal Ben-Shahar, Happiness Studies Academy

Jason Hartman talks with Tal Ben-Shahar, co-founder of The Happiness Studies Academy and best-selling author of Happier and the new book, Short Cuts to Happiness: Life-Changing Lessons from My Barber, about how you measure happiness, predictors of happiness and what sorts of things Tal was able to learn from his barber. They also discuss whether Millennials and Generation Z to see if they’ve been coddled too much or if we’ve just learned how to better communicate with them.

Key Takeaways:

[3:05] How do you rate a country’s happiness?

[5:31] There’s only one thing that predicts happiness levels on a national level

[9:50] The hazards of social media on happiness

[11:53] Lessons learned from Tal’s barber

[17:23] How to praise people properly to encourage growth

[20:11] If you don’t teach people to face reality then you’re setting them up for failure

[23:36] The first step toward happiness is, surprisingly, allowing in unhappiness

Website:

www.TalBenShahar.com

CI 199: Solving Unfunded Mandates with Laurence Kotlikoff

Jason Hartman talks with Laurence Kotlikoff, William Fairfield Warren Professor and Professor of Economics at Boston University, about the massive amount of unfunded mandates that are awaiting the United States. Currently he has that number pegged around $239 trillion, and there are only a few ways that can be resolved.

They also discuss how his software, Maxifi, can help those people who are planning toward retirement. Laurence explains the intricacies, assumptions that many people don’t make when factoring in their savings.

Key Takeaways:

[1:47] The most recent number the unfunded mandates are going to cost

[8:42] Does Laurence believe in Supply-Side Economics?

[11:51] Consuming your way to prosperity has never worked before and won’t now

[15:10] How Laurence would have dealt with the collapse of Lehman Brothers to calm the public’s response to the start of the Great Recession

[18:54] Laurence’s take on Jason’s 6 ways the government can get out of its hole

[24:25] Is the future inflationary?

[25:52] What do we need to do to plan for the future?

[32:10] How much time it takes to input your data into Maxifi

[35:46] Many people are saving too much for their later life because they’re scared

Website:

www.JasonHartman.com/Properties

www.Maxifi.com

www.Kotlikoff.net

www.PurplePlans.org

Jason Hartman’s Real Estate Investor Update Alexa Skill

CI 198: Property Assumptions & REIanalyst Data with Ryan Minekime

Jason Hartman talks with Ryan Minekime, co-founder of REIanalyst, about how his tool allows investors to whittle down their list of potential properties quickly.

Key Takeaways:

[1:30] REIanalyst was born out of a need Ryan had to see more properties in less time

[4:39] How Ryan’s data is figured out when making assumptions on properties

[7:22] Where REIanalyst gets their data

[11:16] Information for investors is severely lacking

Website:

www.REIanalyst.com

www.JasonHartman.com

CI 197: When Governments Interfere with Corporations with G Edward Griffin

Jason Hartman talks with G Edward Griffin, author of The Creature from Jekyll Island, about corporate scams. Too many people hide behind the veil that corporations offer; ripping off consumers and shareholders and letting the company take the punishment. G Edward and Jason discuss this topic, as well as how we can actually change things to allow society to hold those responsible accountable.

Key Takeaways:

[3:23] It can perfectly legal to extract millions of dollars from a company while the shareholders value drops to 0

[6:29] Trying to punish “the corporation” just means that shareholders get hurt

[8:56] How do we hold someone accountable when a corporation does something bad?

[10:44] How to actually make change happen to fix this problem

[13:52] Governments have a perpetual lien on your property. There’s no such thing as owning something “free and clear”

[19:50] What is reasoning behind people like Soros when they pump money into politics?

[22:26] The Fabian Socialist Society believed you took over society gradually

[26:05] At what point is it proper for the state to intervene?

Website:

www.RedPillExpo.org

www.FreedomForceInternational.org

www.RealityZone.com

CI 196: Escalating Deficit & Potential Inflation with Blackstone co-founder David Stockman

Jason Hartman talks with David Stockman, former budget director for President Reagan, former US Representative for the 95th Congress, former partner at The Blackstone Group and author of the new book Peak Trump: The Undrainable Swamp and the Fantasy of MAGA. The two discuss Reagan’s failure to curtail spending like he’d originally wanted, the difficulty Trump is having actually “draining the swamp”, the impact of increasing debt on inflation and whether it’s sustainable.

Key Takeaways:

[3:18] Reagan got very little in way of his proposed spending cuts, but got a much bigger tax reduction than proposed, then defense spending exploded

[7:00] Trump’s problem was that he recognized the economy was failing but didn’t have a program to address it

[12:04] Does our escalating deficit mean inflation is on the horizon?

[16:26] Is our private debt really that bad?

[20:11] How investors should position themselves for the next few years

[22:59] We’ve learned in the last decade that Central Banks can’t cause inflation on a worldwide basis

Website:

Peak Trump: The Undrainable Swamp and the Fantasy of MAGA

www.DavidStockmanContraCorner.com

CI 195: Client Case Study: Self-Management & Diversification with David Nelson

Jason Hartman has a client case study with David Nelson, who, along with his wife, has amassed a real estate portfolio that has allowed her to retire early to focus on their holdings. David discusses how his cockiness led him into a bad deal, why continual education is important and where his journey is heading.

Key Takeaways:

[5:07] David started getting cocky investing in 2016 and didn’t pay enough attention to his inspection

[20:24] Jason’s group doesn’t do any one off deals

[24:28] How self-management has gone for David so far

[29:18] When you combine education with action you can accomplish nearly anything

[33:01] Why being 80% in on one asset class isn’t necessarily a mistake

Website:

www.JasonHartman.com/Properties

Jason Hartman on Real Estate Investing

What’s Hot in Real Estate Investing Right Now With Expert Jason Hartman

As the founder of Platinum Properties Investors Network, real estate expert Jason Hartman long has harped about how Wall Street and investing in the stock market in general amount to a scam — and how investing in real estate is the wisest way to plot one’s investment strategy. After all, the latter strategy is what made him a multi-millionaire.

Well, a recent report from Forbes magazine indicates that maybe people have been spending some time at Jason’s pulpit all along and are realizing that real estate, the world’s most historically proven asset class, is the best path to investment success.

Citing statistics from Gallup, the Forbes report from this past May said that in 2007, nearly two-thirds of Americans were investing in the stock market but that in 2016, just a little more than half of Americans were doing so. And, what really must be tickling Jason Hartman and the other experts in his Platinum Properties investment network, is this: The Forbes report says that millennials, particularly, are the generation that may be looking at real estate investing in the years ahead.

At the Commercial Investing Center hub, we’re here today to continue harping with Jason Hartman about how real estate is the only investment that all generations should consider for their portfolios. This would include those millennials who are just now beginning to build their investments.

And we’re also here to talk with Jason Hartman about what’s hot in commercial real estate investing right now — namely, mobile-home parks, self-storage units and apartments.

More About That Heartening Report From Forbes, and Why Jason Hartman and the Platinum Properties Investors Network Are a Good Hub From Which to Start

Millennials, or those who become 20 to 36 years old in 2017, nudged past baby boomers as the largest generation of Americans last year, which is why their interest in investments is so important. The Forbes report said there were 75.4 million Millennials last year, compared to 74.9 million baby boomers. As the largest age group in America, then, millennials will be the most influential group to shift the market as their net worth builds. This makes their views on real estate and investment opportunities a key to future investment strategies overall.

Forbes further noted a recent Real Estate Investing Report that put together by RealtyShares and Harris Interactive, which surveyed Americans on their investment preferences. And — surely, Jason Hartman and the Platinum Properties Investor Network already have taken note of this— that report’s survey showed that 55 percent of millennials are interested in investing in real estate. That was the highest percentage of all demographics questioned.

And, yes, Jason Hartman, you can widen that grin that helped make you a multi-millionaire: The survey also showed that millennials are highly skeptical of the stock market that they watched crash as they grew up and went to school.

So, welcome, millennials, and other generations as well, to our school, the CommercialInvestingCenter.com, where you can search for available property nationwide or list a property you want to sell — for free!

Yet another outgrowth of Hartman’s work with the Platinum Properties network of investment, CommercialInvestingCenter.com is a hub not only for investors but also sellers and agents. Investors can search commercial properties that make sense today, such as mobile home parks, self-storage facilities and apartments. Sellers and agents, meanwhile, can list commercial properties which make sense today, including mobile homes, self-storage, and apartments.

If you are already a listener to “The Creating Wealth Podcast” or “The Commercial Investing Show,” both of which are brought to you by Jason Hartman and the Platinum Properties Investors Network, you already know that Jason is not a fan of office or retail investments at this time.

More About Investing in Mobile Home Parks (From a Source Who Became a Multi-Millionaire by Investing in Real Estate, Just Like Jason Hartman)

Before becoming founder and CEO of Platinum Properties Investors Network and becoming a multi-millionaire, Jason Hartman, while still in college at the age of 19, embarked on a career in real estate. While brokering properties for clients, he invested in his own portfolio along the way. He would soon join the ranks of the top one-percent of Realtors in the United States.

The story’s sort of similar with Frank Rolfe, who bought his first mobile home park in Dallas, Texas and turned a “dump” that housed “the absolute dregs of society” into a nice neighborhood community that was worth $1 million more five year later. Today, he and his business partner, Dave Reynolds, are ranked as the fifth largest mobile home park owner in the United States, overseeing 250 communities in 25-plus states.

Rolfe and Reynolds also are the co-founders of Mobile Home University, a great source of knowledge for those who are looking to invest in mobile home parks. Rolfe notes in one recent article on the MHU website that there are five top ways to locate a mobile home park to buy. They are:

  • Rolfe says the chief source to find mobile home parks online is MobileHomeParkStore.com, which offers between 1,000 and 2,000 mobile home parks for sale from day to day. He also cites LoopNet.com, Auction.com (which lists real-estate-owned auctions of mobile home parks and even eBay.
  • Via brokers (especially “pocket listings”). Next in line, Rolfe says, are brokers who only sell mobile home parks and offer “pocket listings.” Pocket listings are those not publicly on the market but those that brokers will disclose to whomever they consider to be qualified buyers. Some of the best deals are found in “pocket listings,” but they can be time-consumin because you must contact brokers individually. However, Rolfe reports, “The majority of the great deals we’ve bought over the past four years came from this source.”
  • Through cold calls. Simply call the “mom and pop park owners” and see if they are ready to sell. This route takes even more effort than contacting brokers individually for pocket listings, but it is a strategy that has been successful for Rolfe and Reynolds.
  • By direct mail. Send postcards or letters to park owners to see if they want to sell. It’s like cold calling, but you can create a higher volume of deals faster. Rolfe and Reynolds average a response rate of 1 to 10 percent. “However,” Rolfe forewarns, “many of these will be people who want far more than you’re willing to pay.”
  • Do drop in. This is the most labor-intensive plan of all: Driving into mobile home parks and talking directly to the owners. It “takes forever to do this,” Rolfe notes, adding, “We only use this strategy on specific parks that we like and have shown no response to our direct mail and cold calls.”

More About Investing in Self-Storage Units, From an Investor Who Prefers Them Over Other Types of Real Estate

In one episode of his popular “Creating Wealth” podcast, which is a production of Jason Hartman and the Platinum Properties Investment Network, host Hartman interviews Scott Meyers. The latter made his millions in real estate investing by forgoing single-family home and apartment properties for self-storage units.

“Once I bought my first self-storage property, I never looked back,” Meyers tells Hartman.

During economic booms and busts, Meyers says, self-storage units historically have been stable in either cycle. Tenants who rent self-storage units continue to consume and have nowhere to put all of their stuff during booms or busts. The overall rise of the rent class, which now surely will continue to rise as more and more millennials enter their working years, means people move more often and will need a place to store their personal stuff.

Asked what type of market is best for a self-storage property, Meyers tells Hartman: “Look in a one- to three-mile range, and if there is a lot of competition, you may want to move to the next town and evaluate if they are underserved.” Meyers recommends visiting the self-storage association, the local chamber of commerce and the web when looking for self-storage.

Additional tips for seeking self-storage investments come from none other than Frank Rolfe. (Yes, that would be the same Frank Rolfe we already have profiled here because of his success in mobile home park investing.) Rolfe invests in storage units, too, with these sorts of strategies:

  • Seek a property where there’s a population of 50,000 people or more within 3 miles of the facility. Quite simply, if there’s an absence of population, you have no demand.
  • Seek units where the traffic count driving past the property exceeds 25,000 cars per day. The majority of self-storage customers find their storage facilities after driving by them, Rolfe says. They look at convenience and often just pull in to the first one they see near their home or work.
  • See whether the area’s median household income is $50,000. People with higher incomes amass more stuff and thus need to a place to store it. And, more importantly, they can afford to pay rent on their units.
  • Find a property that comprises 400 units or more. There are some major fixed costs in a self-storage facility, the largest of which is the manager, Rolfe writes. “You have to have enough units to support the necessary staff to run the complex,” he says. “You cannot run a self-storage facility from a kiosk, contrary to what some folks may suggest. And you cannot run it without any form of management. That’s why small complexes in rural markets are always on the market for sale.”

More About Investments in Apartments, for Which Jason Hartman and the Platinum Properties Investor Network Particularly Suggest Student Housing

With college enrollment expected to rise through 2022 and other studies showing that student-housing investments performed better than other real-estate investments during the financial crisis of 2008, an investment in student housing certainly seems well worth a plunge.

Enrollment in U.S. colleges and universities is expected to reach 19.8 million students by 2025, which would be an increase of 14 percent from the 2014 enrollment of 17.3 million, the National Center for Education Statistics has reported. This should ensure that there will be demand for a housing supply in college towns across the country in the years ahead.

Sure, becoming a landlord to students can come with risks. Those risks might include: Dealing not only with younger adults who have yet to assume the responsibility of paying rent; turnover of tenants perhaps from year to year; and, possible involvement of parents, who now in effect are placing trust in you to make sure that their Johnny or Susie will be OK now that they live away from home.

But Hartman and his Platinum Property investment network say that if potential investors in student housing follow these three steps as part of their research, they should find their real-estate venture to be worthy of an excellent grade:

  • Location, Location, Location … of course. Yes, class, this longtime maxim in real-estate investing certainly applies to student housing, “and in the student market this means choosing properties located in walking distance of a campus,” Hartman said. Consider whether grocery stores, laundromats and other essential services that students might need are nearby, too.
  • Be familiar with university rules. Colleges and universities often offer housing bureaus to help their students find off-campus housing. These services can be a key resource in helping student-housing landlords find tenants, and it’s also important to learn what expectations the bureau might have when matching students with properties.
  • Seek out an investment tutor. Most college towns also play host to a variety of real-estate firms, most of which staff an expert in student housing or solely specialize in the field. Says Hartman: “Look for a mortgage broker or real estate agent experienced in the student-housing rental, including any special license or occupancy limitations that apply, or other requirements to convert a single-family home into student housing.”

To continue to see what’s hot in commercial real estate investing right now, we urge you to keep coming back to the resources offered here at Commercial Investing Center, as well as Jason Hartman.

National Financial Literacy Could Be Worse – But Not Much

CI - Jason Hartman Rental Property Investing (1)Jason Hartman has always put a premium value on financial education. That’s why a recent financial literacy quiz makes him fear the worst is in the process of coming to pass. Here’s the scenario: Three simple questions. Get them all right or fail. The best of the best, Switzerland, was only able to muster a 53 percent success ratio, while the U.S notched an unimpressive 30 percent.

Conclusion? American economic future – not rosy.

But with the best performing nations (Germany at 47 percent success and Switzerland at 50 percent) barely able to muster correct answers by half the population, it’s no wonder the global economy appears to be run by incompetents.

Are you ready for a lesson in humility?

We’ve provided the exact quiz below used by the two economists. Go ahead. Take it and see you do. We’ll wait. Answers are provided at the bottom.

1. Suppose you had $100 in a savings account and the interest rate was 2 percent per year. After five years, how much do you think you would have in the account if you left the money to grow? A) more than $102; B) exactly $102; C) less than $102; D) do not know; refuse to answer.

2. Imagine that the interest rate on your savings account is 1 percent per year and inflation is 2 percent per year. After one year, would you be able to buy A) more than, B) exactly the same as, or C) less than today with the money in this account?; D) do not know; refuse to answer.

3. Do you think that the following statement is true or false? “Buying a single company stock usually provides a safer return than a stock mutual fund.” A) true; B) false; C) do not know; refuse to answer.

The truly scary thing, as alluded to by Lusardi and Mitchell, is that technology has brought financial markets directly to the lap of the small investor. With hardly any effort at all you could trade currency, bonds, mutual funds, stocks, stock options, or commodities – likely without much success it would seem, judging by the results of the quiz.

The real problem is that the average consumer finds him or herself in the position of being taken advantage of by the growing spectre of alternative financial services like loans, pawn shops, car title loans, and rent-to-own. Without a basic understanding of how interest works, a consumer could get into serious financial trouble in short order.

Good luck out there! (Image: Flickr | HelenCobain)

* Answers to Quiz: (A,C,B)


* Read more from Commercial Investing

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The Commercial Investing Center Team
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