Jason Hartman

Today’s AIPIS show gives a real insight into Jason Hartman’s professional life – how he got started in real estate, what his philosophies are, how to achieve and work towards successful investing. He also goes into just what investing with his company can really bring to you and your investment portfolio.

 

Key Takeaways
01.10 – Jason Hartman describes his background and his humble beginnings in real estate.
06.15 – Everything focuses on the rent-to-value ratio. Get that right and you’re so much closer to success.
07.20 – The age-old investment question: Single-family homes, apartments, condos, retail, office space?
10.15 – If you can, leveraging is such a manageable, usable way of funding your investments.
13.59 – Inflation-induced debt-destruction is a way of making your money work for you.
18.57 – So much of this is focused on demographics – it’s about the people living in these countries and who are affected as a result of these decisions.
24.24 – When you have a country as enormous as the US, you just can’t put everything under one umbrella category.
28.00 – Living far away from a good property market is no longer a problem. Head to www.JasonHartman.com to find out how to make it all accessible.
31.37 – Doing nothing is going to get you nothing. Make the first step and you’ll head towards something.

 

Mentioned in this episode
Who Took My Money? By Robert Kiyosaki
The Demographic Cliff by Harry Dent

 

Tweetables
There really is no investment strategy that offers you more variety or more dimensions.
Always remember that inflation is the most powerful method of wealth re-distribution.
Unions were needed once, but we’re not living in that world anymore.

 

Transcript

Introduction:
This show is produced by the Hartman Media Company. For more information and links to all our great podcasts, visit www.HartmanMedia.com
Welcome to the AIPIS Show, for Accredited Income Property Investment Specialists, and those who aspire to be. If you’re a real estate, mortgage or financial professional, this is the place for you. We’ll explore innovative investment analysis, sales, marketing and income generating strategies for the most historically proven wealth creator: income property. Learn from the experts as they show you how to build a better business and a better life.

Host:
Aright, I’m so excited to have a special guest on the show. I’ve so admired Jason’s work and he’s done some amazing things in real estate that I want to bring to you today. We haven’t done a lot of discussion about real estate, so I’m bringing on one of the very finest experts to talk about it – Jason Hartman. Welcome to the show, Jason.

Jason Hartman:
Thank you, Linda, it’s great to be here.

Host:
Oh, I’m so excited to have you here! For people who haven’t met you, aren’t familiar with you, tell us about your background and how you got started in real estate.

Jason Hartman:
So I grew up in Los Angeles, California. I grew up rather poor and I didn’t like that very much. When I was 16 years old, I saw an infomercial for a real estate guru and you know how convincing those darn infomercials are, right? I went out and I got the book. I read three chapters of the book, I put it down and my Mom picked it up and read the rest. About two years later, when I was about to graduate from High School – I was now 18 years old – my Mom said ‘You know, Jason, you got me interested in this real estate stuff. There’s a seminar in Anaheim, right by Disneyland, this weekend. Why don’t you go?’

At that age, you can’t do anything yourself very well, so I rounded up nine of my friends from High School and we all went to this seminar, starting on Friday night, in Anaheim. I’m at this real estate seminar, and I remember about a year earlier, I’d discovered some of the great motivational speakers and success coaches – one of them was Earl Nightingale, and I remember him saying, Linda ‘If you want to get rich in real estate, just learn the business first’. I thought I’d get my real estate license and just learn the basics, because I didn’t know what they were talking about at this seminar, and so I enrolled in real estate school, got my license. By now I’m in my first year of College and I started selling real estate part time and I did really well with it, just in the very early days.

Then one of my clients that I had sold a property to – his name was Jim, he didn’t like one of the properties he’d bought from me, and he asked me to list it for sale for him and get rid of it. I thought rather than list this property and sell it to somebody else, why don’t I just buy it myself? I bought my first property – a little 1-bedroom condo in Huntington Beach, California on Coventry Lane, and I bought it from Jim, and it turns out I got a tenant in there. I was only 20 years old at this point, and the tenant paid for a while. Then they stopped paying and I had to evict them. So, Linda, I guess you could say my first experience as an investor was a bad experience in the beginning. Yeah, it was.

Once I got the tenant out, though, I ended up selling the property and I was all discouraged, but I made a nice profit on it. From there, I kept investing and I really liked it. I’ve been investing for many years, and then also in the real estate business on the brokerage side for many years as well. That’s kind of my story of how I got started.

Host:
So how did you get the funds together to buy the first house?

Jason Hartman:
Well, the first property, I bought that with almost no money down. Well, it was basically a nothing down deal, but I had to pay the closing cost on that one. And then the second property I bought, I borrowed most of the money from my dear late grandmother and paid her back a year later when I sold that one and made a nice profit on it, and from there I was in the real estate business. I was earning commissions as an agent, and so from there I just started investing and that’s how the story began. I’ve made lots of money investing in real estate over the years. I think it’s the most historically-proven asset class in America. I love income property and one of the reasons I love it so much is that it’s a multi-dimensional asset class. You can earn money from capital appreciation, you can earn it from cash-flow, you can save on life’s largest expense because it’s the most tax-favored asset in America, and there are just so many dimensions to it. Other investments have one or two dimensions, but real estate really has several dimensions.

Host:
I like to talk about cycles in investing, and this has certainly been one of the very best cycles for real estate, no question.

Jason Hartman:
Yeah, it’s been very good, but there’ve been some other good cycles. In the Seventies there were good cycles, in the Eighties, towards the end of the Nineties it was very good. I mean, it depends where you are because all real estate is local, right? It’s all geographically based.

Host:
So how do you handle that with your investors? Do you look at specific cities that you recommend people to invest in?

Jason Hartman:
Yeah, good question. So my business now is basically teaching people how to invest in real estate and helping them build nation-wide portfolios. What my company does on the business side – this is in addition to my own investment portfolio for my own account – but what my business does is we select markets around the country that we like, through our research, and which have good cash-flow properties, and then we find what we call ‘local market specialists’ in those markets, and they provide turn-key properties to our clients. Our clients can buy them and rent them and earn income from them.

Host:
Fabulous. So what kind of a formula are you using to identify great properties?

Jason Hartman:
Well, there are a lot of parts to that formula, but one that’s just a really really simple rule of thumb, if you will, is the 1% rule. We like an income property to generate at least 1% of the value per month. If it’s a simple $100,000 single-family home, it should generate around $1000/month in rental income. If you just follow that simple 1% rule, you’ll do pretty well. When you combine all the dimensions of income property, you’ll generally earn – on a property that produces 1% per month – anywhere between 20 and 40% annually, when you combine all of the multi-dimensional features.

Host:
Wow. Well if you’re compounding at 20-40% annually, you’ll be very very wealthy very soon.

Jason Hartman:
Well, you know, tens of millions of people in the United States, not to mention around the world, have become very very wealthy by investing in income property.

Host:
That’s very true. So are you a fan of single-family residences, or do you like condominiums as well?

Jason Hartman:
I don’t like condominiums very well at all. I might make an exception if it’s an extremely good deal, but I’m just not a fan of condos. One of the major reasons is that when you have common ownership of the building and the structure and you have a Homeowners’ Association, you get all sorts of conflicts of interest in terms of different motivations of different people and different entities. I just don’t like that going on in my property.

For example, condo associations are sort of notorious for getting into litigation and that might be litigation by certain residents suing the Homeowners’ Association, or it might be the Homeowners’ Association suing the developer or a contractor or something like that for maybe construction defects or some kind of problem with the property. When this litigation happens, the lenders become very weary about lending within that complex. And when the lending dries up, that inhibits people’s ability to buy there, and if fewer buyers can buy in that complex, then of course, prices tend to soften and that can be very bad. There’s a host of other issues as well, but I just think the good old fashioned single-family home is really the most historically-proven thing.

I own apartments too, and I like apartments, but apartments are quite a bit more complicated. They can be great, don’t get me wrong, but good old single-family homes are really simple and really proven so I like them a lot.

Host:
How about the foreclosure market? Are you buying foreclosures at all?

Jason Hartman:
That’s sort of a loaded question, because what does a foreclosure mean? Right? At which stage of foreclosure, and so forth.. I basically buy the turn-key properties because I just want to be able to scale my investments. Certainly, there’s a turn-key provider in there making some money doing rehab and so forth, but again, I don’t have time to deal with contractors and I don’t want the frustration of dealing with contractors and managing improvements and rehab projects and things like that. I just generally buy the turn-key properties, but most of those properties were usually a foreclosure before the turn-key provider bought them and fixed them up.

Host:
And what do you recommend for leverage? Are you using leverage at all? Are you suggesting people pay cash? What are you recommending?

Jason Hartman:
Well, I love leverage. In addition to income property being the most historically-proven asset class in America, and the most tax-favored asset in America – I like to say, Linda, that it’s also the most debt-friendly asset in America. What I mean by that is – most people think of debt as a bad thing, but when it comes to income properties, we can take advantage of what I call the ultimate investing equation.

Part of that equation is using OPM or Other People’s Money, the bank’s money, to pay for most of the asset (about 80% in most cases) and then we take that debt and we never pay our own debts as investors; we outsource the debt responsibility to those people we call tenants. They pay the debt for us, and they usually pay us a little bit extra per month, too. Leverage is a very, very powerful tool for reducing risk and increasing returns. It’s not always available, but if you can qualify for loans and leverage your properties, I highly recommend it, and for many, many reasons which I’m happy to talk about.

Host:
And one of the reasons I like is that you can actually increase your rate of return – that’s another reason you’re probably getting those really great 20-40% annual compounding rates, right?

Jason Hartman:
Oh absolutely, absolutely. In one of Robert Kiyosaki’s books entitled Who Took My Money? he has a great illustration in there, and it shows ten years of investment starting in 1992, investing $10,000 in an S&P 500 Index Fund versus investing $10,000 to be a $100,000 property, which you could do at the time. Of course, this is a moving target based on lending requirements and so forth, but it’s a good illustration.

At the end of 10 years, by 2002, that S&P 500 Index Fund would be worth $17,000 in change, and that single-family home would be worth $158,000 in change. Of course, if you sold the index fund, you would have your $17,000. You’d have your $10,000 back, plus some profit, which is great, but if you sold the single-family home and paid off the loan against it, you would have a gross of $158,000 plus the loan that you would pay off. That shows that your total return on investment on the single-family home over the 10 years was about – well, it actually out-performed the S&P 500. Sorry, I said that wrong. It out-performed the S&P 500 by about 793%, not including tax benefits.

That’s largely because of the power of leverage. He didn’t even include positive cash-flow or anything like that in this equation, or tax benefits. Just simply showing the power of leverage.
The famous philosopher from days gone by, Archimedes, said ‘Give me a lever long enough and I will move the entire world’, just illustrating the incredible power of leverage.

Host:
And I think that’s an important point for people to understand. People think all debt is bad and I think that’s sort of a trend today for people to think they have to pay all cash for everything and have no debt, and I think that’s a huge mistake. What do you think?

Jason Hartman:
I think you should pay cash for the butter of life – the consumer things. You should definitely not go into debt over clothing, vacations, automobiles – at least if they’re non-business automobiles. There’s an argument if they’re used for business that maybe you should finance them. Income producing assets that don’t require you to pay the debt yourself, where you can outsource the debt to a tenant – get as much debt as you can. There’s another big advantage, in addition to leverage, on this debt, and it’s a mouthful, but it’s a term that I’ve trademarked, and I call it inflation-induced debt-destruction. Try saying that 10 times fast, Linda!
Yeah, inflation-induced debt-destruction. What that speaks to is it speaks to how not only does your tenant pay off your debt for you and reduce your mortgage for you, but it also speaks to how inflation pays off, if you will, your debt for you. Just to understand this, if we look back to 1972, and the reason I’ve picked 1972 is because that’s one year after we went off the gold standard, when the government became irresponsible and the government started spending money in an out-of-control fashion. Since money was no longer tied to anything real like gold, the government could print print print and do whatever they wanted.

So let’s take this example that enriched tens of millions of Americans. And this is just a home-owner. I’ll share with you this really really interesting analysis. It’s 1972, the median priced home was $18,000 (I’m going to round off to save time, okay, it was a little over $18,000). If you go get a loan for 80%, you’re going to borrow about $14,000 and the interest rate back then was 7.37%. In 1972, a dollar was worth a dollar and by 2001, the last year that mortgage was being paid down, a dollar was only worth 24 cents. Now, most people think that they get rich in real estate because the property appreciates or because the property produces positive cash-flow. Those are certainly nice perks, but one of the hidden wealth creators that makes people so wealthy in real estate is that inflation pays off your debts for you. This is what I call inflation-induced debt-destruction.

Remember that 7.37% that they borrowed the money at in 1972, Linda? OKay, so by 2001, the real dollars versus the nominal dollars (nominal meaning in name only, because a dollar is still called a dollar – the question is what is the value of a dollar, and I know you like precious metals, and so a lot of precious metals investors really think about this nominal versus real value in things). Well, by the end of this mortgage, in nominal dollars, you repaid $36,000, but in real dollars, you only paid after inflation attached the value of them, $16,000, making the real interest rate only 1.06% versus the rate we thought we were paying of 7.37%.
Now, this example is a home-owner, someone who lived in the property. It’s much better for an investor because they didn’t even pay any of this debt, right? The tenant paid it, hopefully, over all of those years. For a homeowner, after they took their interest tax deduction, they only repaid $12,000 in change, making their effective interest rate -1.16%. They actually got paid to borrow the money. That is an incredible benefit. Isn’t that just striking?

And what we have to remember from that, Linda, is that we have to understand the difference between real and nominal, the difference between price and value. We have to understand that inflation is the insidious hidden tax that destroys purchasing power, it destroys the value of our savings, our stocks, our bonds, even our equity in real estate, but thankfully, it also destroys the value of debt. Inflation is the most powerful method of wealth re-distribution. It’s not taxation, it’s inflation. Because inflation re-distributes wealth from lenders to borrowers, borrowers are enriched when inflation happens.

Now, we’ve certainly had a lot of inflation since we went off the gold standard in 1971, and now inflation is very tame. In fact, some would argue that it’s even lower than the Fed’s target rate of 2-3%. With all of the money that’s been created out of thin air in the past years under Obama and Bush, it is likely that we will see inflation rear it’s – for most people – ugly head, but for real estate investors, it is a wonderful, wonderful thing. So we’ve talked about how with inflation real estate investors just hit the ball out of the park, it’s an incredible, incredible wealth creator, but in a deflationary environment, there’s another scenario and in a deflationary environment, the struggle there is to get yield from anything.

In a deflationary environment, it’s not nearly as good, but then we come to that acronym that’s used on Wall Street a lot, and it’s called TINA – There Is No Alternative. When you’re looking for yield, as people are nowadays – the bank doesn’t pay them anything – most people think that the stock market is in another bubble, where are you going to look but cash-flowing income property? That yield comes out of the monthly cash-flow and so those are some of the reasons I just love income property.

Host:
So are you more of the opinion that inflation is the driving force, which is what I’m hearing, versus demographics? How do you feel about demographic trends?

Jason Hartman:
Oh, I think demographic trends are critically important, and if you look at what’s gone on in Japan for the last two decades – they used to call it ‘the lost decade’, but now they call it the ‘lost two decades’, where they cannot stimulate their economy, no matter how much Shinzō Abe, who was just re-elected as Prime Minister. He’s a Keynesian, money printing guy, right? It’s just like Santa Clause; keep printing money, create money out of thin air, and they can’t stimulate their economy!

One of the huge reasons is that Japan is a very insular country and it’s a good lesson to understand. They are not having children, they are a dying country, they are not replacing their population. Their birth rate is something like 1.2 when for just maintaining population, it needs to be about 2.2, that’s to just maintain the population level. That’s an ageing population and in a country where you don’t have young people coming in to work and create tax revenue for the government to take care of the old people that are using government assistance and social safety nets, you’ve got a recipe for disaster.

The best thing Japan could do is allow and encourage immigration, or just start having a lot of kids because they have got to maintain their population. Russia is faced with the same problem in a very, very severe way. America, however, is not, because America has always really encouraged immigration. You know, it’s debatable whether immigration is good or bad in many ways, but the fact is it’s here and the population in the United States is increasing. Now, when we divide the population cohorts up and we look at Generation Y, the millennial generation, that’s the young people that are in their 20s, give or take a few years on either side, that is the largest demographic cohort in American history. It’s larger than the very famous baby boomers who shaped the economy for decades.

Generation Y, the twenty-somethings, is about 80 million people. The baby boomers was smaller, at about 76 million people. Now, Generation X, my generation, is really small, it’s only about 35 or 36 million people. Let’s look at the very, very important Generation Y for a moment. They’re facing a very anemic job market and an anemic economy. They’re saddled with huge, disgusting student loan debt that shouldn’t be there for many reasons, but that’s kind of another discussion. And they’re just not getting married at any rapid pace at all. They’re delaying family formation and household formation.

What does this mean? This means that this demographic cohort, the largest one in American history, is just coming at the rental market and the next 10 years of demographics coming at the rental market is nothing short of phenomenal. It is the best it has ever been in US history, so there’s some great opportunities because o that.

Host:
Are you a follower of the author Harry Dent?

Jason Hartman:
Oh sure, I’ve had him on my show many times. I like Harry Dent. He’s been famously wrong about several big things like back in the day when he predicted the Dow 16,000, and I think he predicted 30,000 as well. He hasn’t been right about everything, but listen, predictions are a dangerous business! The concept of demographics is just kind of a no-brainer. It’s a big deal. I mean, there are many ways to slice and dice it, of course, which could lead to inaccurate predictions, but yes, overall, I like Harry’s work and it’s interesting. I take anybody’s work, including my own, with a grain of salt, but I like his work.

Host:
His latest book, I just heard him interviewed, is saying that –

Jason Hartman:
The Demographic Cliff, yeah.

Host:
Yeah, and he believes that the baby boom generation is dying off more than the millennials are buying, and he thinks that there’s going to be an abundance of homes, but you disagree with that?

Jason Hartman:
I disagree, and by the way, I read that book and I like it, I like The Demographic Cliff. Here’s where I disagree. People like Harry and all of the other gurus out there don’t divide things. They talk about the real estate market as if it’s some monolithic national entity. What is the US housing market doing? What is the real estate market doing? As if you can go on CNBC and talk about it like it’s one thing. In a country as large and diverse as the United States, we have 400 markets. 400 markets!

I remember my first trip back to Europe as an adult – I was born in Europe – but my first trip back as an adult, when I was maybe 22, I remember one day at lunch my friend and I rented a car. It took about the time it would be in the afternoon to have a long lunch, and we drove through an entire country; Luxembourg! In Luxembourg, there is a national housing market, Linda. In the United States, there ain’t no such thing! You’ve got to divide that up and slice it and dice it as you should.

In markets like the Socialist Republic of California, my home State where I spent the vast majority of my life, that market I think is over-valued. These expensive North-Eastern markets and in Miami, Florida and South-East Florida too. I think those markets are over-valued, but in Memphis, Tennessee and Dallas and San Antonio, Texas and Indianapolis, Indiana, and Little Rock, Arkansas, those markets are pretty solid, if you ask me. I think Harry is right in the markets that make all the headlines, but I don’t think he’s right in the markets that fly under the radar and that nobody talks about.

Host:
Yeah, well you’re certainly right about the different marketplaces. Look at Detroit versus Seattle, where I’m from. The Seattle market has been so strong and just incredible.

Jason Hartman:
We don’t do business in those expensive places – they’re too nice for us.

Host:
Yeah, but I mean it never felt the recession the way that some cities were devastated, like Detroit.

Jason Hartman:
You know, it’s interesting you bring that up. Detroit is a case unto itself because Detroit is a poster child for big government disaster. Everything that’s wrong with government is literally just magnified in Detroit. It’s such a sad story, really, because that used to be one of the world’s flagship cities. I mean, the auto industry, Motown music – Detroit used to be a big deal, and the population has just fled, they have just left that place because they had so many years of corrupt politicians and the model cities program and the Unions just pushed it too far. They outlived their usefulness in a lot of ways.

Unions at one time, they were needed at a time in history, but nowadays it’s just not the same world. Workers have a voice nowadays; back in the old days, they didn’t have a voice and you needed Unions to give them a voice. The government and their environmental laws and the Unions and the corruption in Detroit; business fled, people fled, crime went rampant and now they’re bulldozing houses. Detroit is a case unto itself. Some places, it doesn’t matter how cheap they are, it’s still not a good deal.

Host:
So let’s say someone wants to invest in one of those cities in the South that you mentioned; how do they do that when they’re at a distance?

Jason Hartman:
Well, that’s a great question, and I would say they should go to www.JasonHartman.com and get in touch with my company, which can help them do it. They should do their research, they should get some education, they might want to travel to the markets and see properties there, but when I sold my last company in 2005, I had a traditional real estate company in Irvine, California, and I sold it to Coldwell Banker.

I was a real estate investor for many years back then and I knew I would be getting a large sum of money and I wanted to invest it. I didn’t want to fall victim to my myopic view of real estate, that was really my whole adult life before 2004. It was always ‘buy where you live so you can see the house, so you can drive to it easily’. I would always buy in Southern California, but I suffered greatly in the Nineties during a very prolonged recession that we had, and there were some ups and downs in the 2000s in that market, obviously.

I thought this time, I want to diversify, I want to take the most historically-proven asset class – income property – but I want to diversify geographically. I looked around and I tried to find a way to build a nation-wide portfolio of properties, and there was really no company doing that in any good way. So I just created a company to do it! I thought ‘Why isn’t there a Merrill Lynch or a Ameriprise or some financial services firm for real estate investors? Why is it that the best asset class has the worst sales force and they have no system? The whole concept was always ‘If you want to invest in real estate, just find a local realtor who’s got a sign in front of a house and talk to them!’ That’s crazy. That would be like going to a financial services firm and they had like 3 or 4 stocks you could choose from; you’d miss the whole market!

The cash-flow’s no good in those high-price markets like California, either. It doesn’t work, the numbers just don’t work.

Host:
So how do you help people with issues – say the tenant has a problem, how do you hook people up with someone that can help them in that distant market?

Jason Hartman:
Good questions there. We basically teach people how to invest, we teach them how to deal with property managers, and we refer, screen and recommend property managers to them or we also teach them how to self-manage their properties from a long distance, which, Linda, I can’t believe that I can actually do this. I have self-managed several properties that I have never seen, that have tenants that I have never met and I have no property manager, and I’ve been able to do that from 2,000 miles away. I teach a whole class on that and how to do it. You can either use a property manager, or you can self-manage; I do both, and there are best practices to be able to do that.

And by the way, I should say it’s far from perfect. This is not perfect, it is not a panacea. In my eyes, it’s just a lot better than everything else and I’ve tried just about everything in terms of the investing world!

Host:
And I think the thing that we want our listeners to know is that it’s better to do something and get it done, rather than wait for perfection.

Jason Hartman:
Yeah, well, that’s a great point. It’s better to do something imperfectly than nothing flawlessly, right?

Host:
Exactly, exactly. We can wait and wait and analyze and study and have fear and do all these things, overthink it and never make the investment and never build the wealth, and that is such a critical mistake that a lot of people make.

Jason Hartman:
Paralysis of analysis, right?

Host:
Yeah, absolutely.

Jason Hartman:
It’s a terrible malady.

Host:
Absolutely. Well, Jason, this has been so phenomenal, thank you for sharing so much information. How can people get more from you?

Jason Hartman:
Well, just go to www.JasonHartman.com, people can look at property proformas on the website and they can see how they perform and get lots of information, but the best thing is to just listen to my podcast. You can find me on iTunes or Stitcher Radio or SoundCloud. Just by typing ‘Jason Hartman’, you’ll see all my shows. My biggest show on real estate is called the Creating Wealth Show, so that’s a great way to learn about my philosophies and content and my zany ideas when it comes to investing!

Host:
So that’s the one you would recommend, even for beginners?

Jason Hartman:
Oh absolutely! And we’ve got over 450 episodes now, and when people find that they tell me they become addicted to the show. We’ve had over 5 million downloads of the show, we’ve got listeners in 164 countries. It’s all free, too, it’s completely free so just check it out!

Host:
Wonderful, thank you so much, Jason, I really appreciate you being here.

Jason Hartman:
Well, thank you, Linda, and happy investing to you and your listeners.

Host:
Thank you.

Outro A:
You know, sometimes I think of Jason Hartman as a walking encyclopedia on the subject of creating wealth.

Outro B:
Well you’re probably not far off from the truth, Penny, because Jason actually has a three-book set on creating wealth that comes with 60 digital download audios.

Outro A:
Yes, Jason has that unique ability to make you understand investing the way it should be. It’s a world where anything less than 26% annual return is disappointing.

Outro B:
I love how he actually shows us how we can be excited about these scary times and exploit the incredible opportunities this present economy has afforded us.

Outro A:
We can pick local markets untouched by the economic downturn, exploit packaged commodities investing and achieve exceptional returns safely and securely.

Outro B:
I also like how he teaches you to protect the equity in your home before it disappears and how to outsource your debt obligations to the government.

Outro A:
And the entire set of advanced strategies for wealth creation is being offered at a savings of $94.

Outro B:
That’s right, and to get your Creating Wealth Encyclopaedia series, complete with over 60 hours of audio and three books, just go to www.JasonHartman.com/store.

Outro A:
If you want to be able to sit back and collect cheques every month, just like a banker, Jason’s Creating Wealth Encyclopaedia series is for you.

Outro:
This show is produced by the Hartman Media Company, all rights reserved. For distribution or publication rights and media interviews, please visit www.HartmanMedia.com or email media@hartmanmedia.com. Nothing on this show should be considered specific personal or professional advice. Please consult an appropriate tax, legal, real estate or business professional for individualized advice. Opinions of guests are their own, and the host is acting on behalf of Platinum Properties Investor Network Inc. exclusively.