This document discusses the importance of timing when making investment predictions and realizing returns. It argues that the "when" part of predicting investment performance is critically important due to the time value of money. Investments like gold, growth stocks, and speculative real estate rely entirely on uncertain future price increases, so the timing of when those price increases occur determines whether an investor can realize gains. Luck, skill, and patience all impact investment performance, with luck playing a large role in productions spectacular short-term returns. Skill involves structuring investments to limit downside risk while optimizing upside potential. Pairing patience with skill offers the highest probability of long-term investment success by allowing compounded returns to accrue from residual cash flows rather than relying
The basic premise of Discounted Cash Flow Analysis is that the value of money is related to time. That is, a dollar in hand today is worth more than a dollar which is received one year from now. For instance, the investor could take the dollar he has today and put it in a savings account at six percent interest. One year from now he would have $1.06 in the bank. In other words, a dollar today is worth $1.06 one year from now. Expressing this another way, the 'Present Value' of a dollar one year from now is $.9434 discounted at 6%, since an investor placing $.9434 in the bank at 6% would have a dollar in the bank at the endfyf a year. (The 0.9434, or 1 divided by 1.06, is known as the 'Present Value Discount Factor'.)
Isn’t your credit score just something that hides away in the drawers of the three major credit bureaus?
Nothing you need to worry about, right? You might want to take a closer look, because throughout your
life your credit report and scores may be pulled for a number of milestones and events.
Could Rising Home Prices in Western Massachusetts Impact Your Net Worth?Lesley Lambert
Could Rising Home Prices in Western Massachusetts Impact Your Net Worth?
Read this and request a copy of the worksheet to determine the impact of Western MA real estate prices on your personal net worth.
www.westernmahomes.net
Lesley Lambert, Western MA REALTOR with Park Square Realty
413-575-3611
The basic premise of Discounted Cash Flow Analysis is that the value of money is related to time. That is, a dollar in hand today is worth more than a dollar which is received one year from now. For instance, the investor could take the dollar he has today and put it in a savings account at six percent interest. One year from now he would have $1.06 in the bank. In other words, a dollar today is worth $1.06 one year from now. Expressing this another way, the 'Present Value' of a dollar one year from now is $.9434 discounted at 6%, since an investor placing $.9434 in the bank at 6% would have a dollar in the bank at the endfyf a year. (The 0.9434, or 1 divided by 1.06, is known as the 'Present Value Discount Factor'.)
Isn’t your credit score just something that hides away in the drawers of the three major credit bureaus?
Nothing you need to worry about, right? You might want to take a closer look, because throughout your
life your credit report and scores may be pulled for a number of milestones and events.
Could Rising Home Prices in Western Massachusetts Impact Your Net Worth?Lesley Lambert
Could Rising Home Prices in Western Massachusetts Impact Your Net Worth?
Read this and request a copy of the worksheet to determine the impact of Western MA real estate prices on your personal net worth.
www.westernmahomes.net
Lesley Lambert, Western MA REALTOR with Park Square Realty
413-575-3611
EXPECT BITCOIN PRICE TO REACH US$1,200 OR MORE NEXT YEAR, EXPERTS SAYSteven Rhyner
Forecasting the price of any asset is a tricky thing. Estimating the price of wildly fluctuatingBitcoin, which is much more than just some financial instrument, is nearing almost magic.
Learn why rental investment properties make sense during times of inflation and economic uncertainty. Includes information about finding cash flow real estate.
How You Can create a Passive, Full-Time Income in 90 Days or Less by Investin...NoteSchool
How You Can create a Passive, Full-Time Income in 90 Days or Less by Investing in Real Estate Notes
http://noteschool.com
http://facebook.com/noteschool
Note Investing 401 with Eddie Speed from NoteSchoolNoteSchool
In this powerpoint, Eddie Speed takes you through Note Investing 401. Take a look and let us know if you have any questions!
http://noteschool.com
http://facebook.com/noteschool
Here are the 10 reasons you shouldn't buy a note. Please check this out and let us know if you have any questions.
http://noteschool.com
http://facebook.com/noteschool
Eddie Speed from NoteSchool
State of the Industry with Eddie Speed from NoteSchool. Take a look and let us know what you think!
http://noteschool.com
http://facebook.com/noteschool
For the past 10 years, global central banks have created policies to artificially suppress interest rates to the lowest levels ever recorded.
Included in this strategy has been a deliberate strategy to create negative interest rates which have subsequently created an enormous financial bubble in global bond markets.
While this bubble and associated risks are known to a small section of global investors, Canada remains highly complacent to the risks involved and have demonstrated a lack of appreciation of how risks outside of Canada, can actually create financial stress within Canada.
This issue of the IceCap Global Outlook shares our view on Canadian Provincial Debt markets and why we believe it has a high probability of evolving into a significant liquidity event for Canadian investors.
What is the the real cost of capital? Most individuals looking to purchase an asset do so from the wrong position. This presentation will explain the true cost of capital and interest rates. Before you make a considerable purchase, review this presentation and save yourself time, energy and money.
EXPECT BITCOIN PRICE TO REACH US$1,200 OR MORE NEXT YEAR, EXPERTS SAYSteven Rhyner
Forecasting the price of any asset is a tricky thing. Estimating the price of wildly fluctuatingBitcoin, which is much more than just some financial instrument, is nearing almost magic.
Learn why rental investment properties make sense during times of inflation and economic uncertainty. Includes information about finding cash flow real estate.
How You Can create a Passive, Full-Time Income in 90 Days or Less by Investin...NoteSchool
How You Can create a Passive, Full-Time Income in 90 Days or Less by Investing in Real Estate Notes
http://noteschool.com
http://facebook.com/noteschool
Note Investing 401 with Eddie Speed from NoteSchoolNoteSchool
In this powerpoint, Eddie Speed takes you through Note Investing 401. Take a look and let us know if you have any questions!
http://noteschool.com
http://facebook.com/noteschool
Here are the 10 reasons you shouldn't buy a note. Please check this out and let us know if you have any questions.
http://noteschool.com
http://facebook.com/noteschool
Eddie Speed from NoteSchool
State of the Industry with Eddie Speed from NoteSchool. Take a look and let us know what you think!
http://noteschool.com
http://facebook.com/noteschool
For the past 10 years, global central banks have created policies to artificially suppress interest rates to the lowest levels ever recorded.
Included in this strategy has been a deliberate strategy to create negative interest rates which have subsequently created an enormous financial bubble in global bond markets.
While this bubble and associated risks are known to a small section of global investors, Canada remains highly complacent to the risks involved and have demonstrated a lack of appreciation of how risks outside of Canada, can actually create financial stress within Canada.
This issue of the IceCap Global Outlook shares our view on Canadian Provincial Debt markets and why we believe it has a high probability of evolving into a significant liquidity event for Canadian investors.
What is the the real cost of capital? Most individuals looking to purchase an asset do so from the wrong position. This presentation will explain the true cost of capital and interest rates. Before you make a considerable purchase, review this presentation and save yourself time, energy and money.
Dreamtime is the culmination of a years worth of photography and design work. I began in Australia, where I traveled all around the country, photographing in multiple settings and conditions. Back in the United States, I designed and bound the best of my work in the book you see here. While I wish I could have put more of my work into the finished project, I am extremely proud of my efforts here.
“Gold should not be viewed as the means to make you rich, but rather, as a means to avoid the debts that can make you poor” -BitGold Inc. May 13, 2015.
"No matter where you live in the world gold has effortlessly held its commodity value over time relative to costs like food and energy that we require as humans, making it one the most important savings tools for most of the human population”.
Our mission is to make gold accessible and useful in digital payments and secure savings.
We're advancing the digital payments revolution by helping people securely acquire, store, and now spend gold with unprecedented simplicity. BitGold accounts are free and can be opened in minutes. We provide users with a secure vault account to purchase and hold gold, the ability to make and receive instant gold payments, and a prepaid card for spending gold at traditional points of sale or converting your gold balance to local currency at any ATM machine. All gold bullion is fully redeemable as 1kg gold bullion bars or 10g GoldCubes®
BitGold takes transparency and accountability seriously. Learn more at Transparency Buying Physical Gold.
A New Global Operating System for Gold BitGold is an internet software service that makes vaulted gold accessible for savings and mobile payments; the first full-reserve ‘online bank’ like platform with e-payments and debit card for sending & spending gold.
BitGold Investor Proposition:
Significant market potential exists across all geographies and all income segments for transaction-accessible savings accounts based on gold as a store of value. GoldMoney believes that it can provide new leadership and innovation in a trillion dollar market by providing a fresh narrative, connecting securely vaulted gold to electronic payment networks that previously did not exist, and by harnessing the connectivity of a growing mobile-internet.
The GoldMoney Proposition is to deliver strong growth in the user and asset base under both brands, building a global network for both savings and transactions. By empowering our clients, and by delivering more value to each individual than we expect to receive in return, we can build a network of lasting relationships in the world's largest commodity-money market. We believe that investing in this relationship can deliver significant value to our shareholders over the long-term, creating a reflexive global-revenue model with a scalable internet financial service, while also benefiting an entire network of stakeholders.
Real Estate Opportunity 2010...Outlines the current economic situation and what 2010 may bring for the real estate market. SRM's research shows that iIn select markets there will be many options for creative investors.
If you have watched the stock market for long period of time, you realize that it can be very unpredictable. One day bubbles flourish, things could get any better and then the next day it seem like the sky is falling.
Everyone enjoys a nice surprise - especially the ones that cause you to grin ear to ear, smile non-stop and wish the moment will never end.
There can also be bad surprises - and these are not the least bit enjoyable.
In this issue of the IceCap Global Outlook, we explain how governments are about to experience a bad surprise. And their reaction to these surprises will be significantly higher taxes for everyone.
There will also be a good surprise - adjusting your portfolios in anticipation of the bad surprise will allow you to not only preserve your capital, but also have you grinning ear to ear.
We invite you to read more.
This presentation was given in Midrand, Durban and Cape Town in May/June 2017. The presentation gave individuals the opportunity to learn about Global Real Estate investment.
Similar to Jason Hartman's Financial Freedom Report newsletter volume_12_issue_5-1 (20)
500 acres of brilliance await you here at Riverview City which offers modern living, effortless convenience, and a beautiful natural setting. It is a mega township by Magarpatta City in Loni Kalbhor, Pune. Enjoy easy access to work, schools, and fun while experiencing a perfect work-life balance.
Visit - magarpattacity.developerprojects.in
The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
Torun Center Residences Istanbul - Listing TurkeyListing Turkey
THERE IS LIFE IN ITS CENTER!
The most energetic spot of the city that will add utterly different pleasures to your life, with a park that will make Istanbul breathe, delighting indoor and outdoor bistros, cafes, restaurants, the brand-new Food Hall concept, where dozens of unique tastes are served together, market area, cinema, theater, fitness club, SPA and event venue...
All the pleasures that will enrich your lives are awaiting you on the most beautiful side of the city, at Torun Center Residences. In Mecidiyeköy, where the heart of Istanbul beats, business, life and entertainment opportunities are located at the exact center, at Torun Center, the most beautiful side of the city.
Penthouse apartments and different styles of flats from 1 + 1 to 4 + 1, from 100 to 425 square meters in a 42-story residence tower, have been designed for those who want to live in the center of magnificence. Torun Center is the redefinition of a better life with specially landscaped floor gardens, apartment options with private balconies, and automatic glass systems equipped with Trickle Ventilation that offers clean air comfort.
Business and life in the same place
Excellent service
Torun Center has many delightful details, from a swimming pool to sunbathing and resting terrace. With 24/7 concierge services, 24/7 security, valet, technical service, closed-circuit camera system (CCTV), central heating and cooling system, it makes your life easier.
Delightful details
The two-story Torun Center Lounge, with its indoor and outdoor seating areas, children's playroom, private dining and TV lounge, promises unforgettable memories to you and your loved ones with its unique Istanbul view.
Neighboring to the most pleasant square of Istanbul
A few steps from the Torun Center Residences, you can reach the city's most modern city square and open the doors of a quality city life. Torun Center Residences brings together on the same project the long-awaited city life for Istanbul and gourmet restaurants, cafes, gym and SPA, and state-of-the-art cinema and Artı Stage, hosting the most famous plays of the season.
Located at the intersection of alternative public transportation options such as the metro and Metrobus, Torun Center comes to the fore as the most accessible office for both sides of Istanbul. With a central location and rich transportation lines, Torun Center offices make life easier for employees and increase productivity.
Omaxe Sports City Dwarka stands out as a premier residential and recreational destination, offering a blend of luxury and sports-centric living. Located in the thriving area of Dwarka, this project by Omaxe Limited is designed to cater to modern lifestyle needs while promoting a healthy, active living environment.
Need MCA leads? No sweat! MCAs are great for small biz funding. Learn how to snag top-notch leads: businesses needing cash, with repayment ability, decision-makers, and accurate contacts. Use content, social ads, lead platforms, partnerships, and capture processes for quality leads.
https://www.leadgeneration.media/blog/b/streamline-your-mca-sales-process-with-pre-qualified-leads
Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szet...Volition Properties
=== Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szeto) ===
Ever been curious about Real Estate Investing in the US?? At Volition, for the past 14 years, we have been focused on helping investors invest in over $250M of real estate and generate $100M of wealth in the Toronto market, but we are always open to learning more about other business models and learning from other investors.
The US has always been an intriguing market to invest in. But the US is a big place… if you’re interested in investing in the US, you probably have a lot of questions, like:
☑️ Specifically WHERE should you invest?
☑️ What are the best markets to invest in and why?
☑️ How much are property prices there?
☑️ What are the returns like?
☑️ What is cashflow like?
☑️ Compared to investing in Toronto or other cities in Ontario, what are the benefits / tradeoffs?
☑️ What ownership structure should I use?
☑️ What are the tax implications?
☑️ Can I get financing?
☑️ What are tenants like?
Enter Erwin Szeto, a longtime friend of Volition. Since 2005, Erwin Szeto and his team have navigated the challenging landscape of being landlords in Ontario. Now, they are shifting their focus and guiding their clients' investments toward the more landlord-friendly environment of the USA. This decision comes after assisting Canadian clients in transacting over $440,000,000 in income properties. Faced with issues like affordability constraints, tenant-friendly laws, rent control, and rental licensing in Canada, Erwin sees a clear opportunity in the U.S. Here, there is a significant influx of investments leading to the creation of high-paying manufacturing jobs. Erwin and his clients are poised to capitalize on these opportunities where landlord rights are stronger and there is no rent control.
To facilitate this transition, Erwin has partnered with and become a client of SHARE, a one-stop-shop U.S. Asset Manager. Founded by Canadians for Canadians, SHARE enables as passive an ownership experience as possible for landlords in the U.S., while still maintaining direct, 100% ownership.
Erwin is “Making Real Estate Investing Great Again”!!
Website: https://www.infinitywealth.ca/
Facebook: https://www.facebook.com/iwinrealestate and https://www.facebook.com/ErwinSzetoOfficial
Podcast: https://www.truthaboutrealestateinvesting.ca/
Instagram: https://www.instagram.com/iwinrealestate/ and https://www.instagram.com/erwinszeto/
Referans Bahcesehir which is being constructed, in the center of the most regional destination as Bahçeşehir, shines out with its central location and unique landscape including social facilities such as a fitness center, sauna, sports facilities, children’s playground and recreational areas.
Not only drawing attention for immediate surroundings including commercial centers and private schools but also providing the easily accessible location with closeness to Tem Highway and connection roads, ongoing construction of 3rd Bridge Connection roads and Metro Projects
Bahcesehir is a rising value in the great city of Istanbul… Located at a new transportation junction in the northwest of the City… Located at such a spot that the access roads for the 3rd bridge and for the 3rd Airport will reach the region in 2016. The Marmaray and the Subway will extend all the way to Referans Bahcesehir respectively in 2018 and 2019.
465 flats and 34 stores are designed with an outstanding approach and arranged with a unique perspective offering the following options: 1 plus 1, 2 plus 1, 3 plus 1, 3.5 plus 1, 4 plus 1, and 4.5 plus 1. It is planned so as to safeguard you and your loved ones based upon a modern, technological safety approach. As you experience the joy and luxury here, you will be content and feet at ease.
It is worth seeing both inside and outside with heart-warming cafes, tasty restaurants and elegant stores… And it is ready to offer a vivacious social life with a warm and cozy space design.
A folding swimming pool and indoor swimming pools, playgrounds, Turkish bath, sauna… It has them all. Everything you need for your well-being and for having a pleasant time will be at your service. You simply need to align the rhythm of life with the rhythm of Referans Bahcesehir.
https://listingturkey.com/property/referans-bahcesehir/
Keep Your Home Naturally Cool and Warm Out Change in Seasons
Vinra Construction is a private limited company registered under the ROC. The management has an experience of over 15 years of understanding the needs and delivering apt solutions to the end users We are providing turnkey solutions in construction fields. like Construction, Interior Designing Facility Management, Plantation Management, etc..
Vinra Construction Tech Enabled Company for Eco-Friendly Home Construction
Contact With Vinra for a Greener Future >>> Call us @ 888 4898 765
Brigade Insignia offers meticulously designed apartments with modern architecture and premium finishes. The project features spacious 3,3.5,4 and 5 BHK units, each thoughtfully planned to provide maximum comfort, natural light, and ventilation.
https://www.newprojectbangalore.com/brigade-insignia-yelahanka-bangalore.html
Elegant Evergreen Homes - Luxury Apartments Redefining Comfort in Yelahanka, ...JagadishKR1
Experience unmatched luxury at Elegant Evergreen Homes, offering exquisite 2, 3, and 4 BHK apartments in the serene locality of Yelahanka, Bangalore. These meticulously crafted homes blend modern design with timeless elegance, providing a harmonious living environment. Enjoy top-tier amenities and a prime location, making Elegant Evergreen Homes the ideal choice for discerning homeowners.
The KA Housing - Catalogue - Listing TurkeyListing Turkey
Welcome to KA Housing, a distinguished real estate development nestled in the heart of Eyüpsultan, one of Istanbul’s most promising districts.
Just 10 minutes from the bustling city center, Eyüpsultan offers a serene escape with the convenience of urban living. The direct metro line ensures seamless connectivity to all parts of Istanbul, making it an ideal location for residents who seek both tranquility and vibrancy.
KA Housing boasts unparalleled accessibility, with proximity to Istanbul Airport only 30 minutes away, facilitating easy international travel. Effortless city access is guaranteed by direct metro and transportation links to Istanbul’s cultural and commercial hubs. Quick access to key metro lines connects you to every corner of the city within minutes, making commuting and exploring the city hassle-free.
The development offers luxurious living spaces with a range of unit layouts from 1+1 to 4+1, designed with meticulous attention to detail. Each unit features balconies or terraces, providing stunning vistas of Istanbul and enhancing the living experience. High-quality materials and superior craftsmanship ensure durability and elegance, while sound-proof insulation and high ceilings (2.95 m) offer comfort and sophistication.
Residents of KA Housing enjoy exclusive on-site amenities, including a state-of-the-art gym, outdoor swimming pool, yoga area, and walking paths. Entertainment options abound with a private cinema, children’s playground, and a variety of dining options including a café and restaurant. Security and convenience are paramount with 24/7 security, a dedicated carpark garage, and an IP intercom system.
KA Housing represents a prime investment opportunity with limited availability in a high-demand area, ensuring enduring value and potential for lucrative returns. Homes in this development provide exceptional value without compromising on quality, offering affordable luxury for discerning buyers. The construction is of the highest quality, built to the latest seismic and disaster resistance standards, ensuring safety and resilience.
The community and surroundings of KA Housing are enriched by close proximity to prestigious universities such as Haliç University, Bilgi University, and Istanbul Ticaret University, making it an ideal location for students and academics. The development is adjacent to the Alibeyköy stream leading into the Halic waters, offering serene natural escapes amidst lush greenery. Residents can enjoy the cultural richness of the area, surrounded by historical and cultural landmarks that blend leisure, nature, and culture seamlessly.
https://listingturkey.com/property/the-ka-housing/
Sense Levent Kagithane Catalog - Listing TurkeyListing Turkey
Sense Levent offers a luxurious living experience in the heart of Istanbul’s vibrant Levent district.
This cutting-edge development seamlessly integrates modern design with natural elements, featuring live evergreen plants maintained by an advanced irrigation system, ensuring lush greenery year-round.
The building’s elegant ceramic balconies are both stylish and durable, enhancing the overall aesthetic and functionality. Residents can enjoy the 700m Sky Lounge, which provides breathtaking views of Istanbul and a perfect space to relax and unwind.
Sense Levent promotes a healthy and active lifestyle with a full gym, swimming pool, sauna, and steam room, all available in the building. The interiors are crafted with high-quality materials, ensuring a luxurious and inviting living space.
Designed with young professionals in mind, Sense Levent features 1+1 and 2+1 units with smart floor plans and balconies. The project promises high investment returns, with an expected annual return of 6.5-7%, significantly above Istanbul’s average ROI.
Located in the rapidly growing and highly desirable Levent area, the development benefits from ongoing urban regeneration projects. Its prime location offers proximity to shopping malls, municipal buildings, universities, and public transportation, adding immense value to your investment.
Early investors can take advantage of discounted units during the construction phase, with an expected capital appreciation of +45% USD upon completion. Property Turkey provides comprehensive rental management services, ensuring a seamless and profitable investment experience.
Additionally, robust legal support and significant tax advantages are available through Property Turkey’s licensed Real Estate Investment Fund. Levent is a dynamic urban hub, ideal for young professionals with its numerous corporate headquarters and shopping malls.
Sense Levent is more than just a residence; it’s a place where dreams and opportunities come to life. Contact us today to secure your place in this exclusive development and experience the best of Istanbul living. Sense Levent: Sense the Opportunity. Live the Dream.
https://listingturkey.com/property/sense-levent/
Green Homes, Islamabad Presentation .pdfticktoktips
Green Homes Islamabad offers beautifully designed 5, 8, and 10 Marla homes near the airport and motorway. Enjoy luxury, convenience, and high rental returns in a prime location.
BricknBolt Understanding Load-Bearing Walls and Their Structural Support in H...BrickAndBolt
Load-bearing walls are the backbone of any home construction, providing crucial structural support that carries the weight of the house above. For companies like Brick and Bolt Mysore and Bricknbolt Faridabad, understanding and properly implementing these elements are key to constructing safe and durable buildings.
One FNG by Group 108 Sector 142 Noida Construction UpdateOne FNG
One FNG by Group 108 is launching a new commercial project in Sector 142 Noida. Office space and high street retail shops on the FNG and Noida Expressway. For more information visit the website https://www.onefng.com/
Scanning tenants in NYC requires a thorough and compliant approach to ensure you find reliable renters. For a positive rental experience, consider hiring a property management service. Belgium Management LLC specializes in NYC rental property management and tenant relationship management. We prioritize tenant satisfaction, making us a trusted name in New York property management. Our dedicated team ensures tenants feel valued and supported throughout their lease.
Flat available for sale
Location- Tupudana, Ranchi
Savitri enclave
Area- 3BHK
Rate- 4000/sq.ft.
Super Build Up Area-1629 sq.ft.
Build-up area-1253 sq.ft.
Rate- 65lakh16k(approx)
Floor available- Flat available in all floor(G+12)
Balcony- 2
Washroom- 2
Parking - CAR PARKING
Amenities- Joggers track,temple, children's park,gym,banquet hall (5 Lakh)
Possession year (Handover year)- Dec 2025
Outside View from the apartment and flat balcony is very beautiful.
For more information contact AASHIYANA STAR PROPERTIES
7766900371
Jason Hartman's Financial Freedom Report newsletter volume_12_issue_5-1
1. It is becoming difficult to watch television,
browse the internet, or listen to the
radio without being bombarded with
pronouncements concerning the expected
future price of gold or some other
“investment” for which the advertiser
is hoping you will part with your money
to purchase. What many of these
pronouncements leave unsaid is when the
anticipated event will occur.
It turns out that the “when” part of
investment predictions is critically
important. The reason for this is because
of money’s time value nature. It is widely
known that a dollar tomorrow is less
valuable than a dollar today. Because of this, the timing of the returns that an investment generates can be just
as important as the returns themselves. When working with investments such as metals (gold and silver), growth
stocks (that don’t pay dividends), and speculative real estate (with no cash flow), the time value of money takes
on a characteristic of exceptional prominence, since the investment returns are 100% dependent on an uncertain
future value increase that requires the asset be sold for the gains to be realized.
(continued on page 2)
In our careers as investors, we will all be bombarded with people who claim to produce
spectacular rates of return from stocks, metals, or property that rockets up in value. When
we observe these seemingly impossible gains, it initiates a “greed” impulse within our sub-
conscious where we wonder why we can’t do the same thing. After all, how hard can it really
be to “crack the code” of market cycles? If some guy on late-night infomercials who barely
graduated high school can do it, why can’t we?
Being a successful investor in assets such as gold (for example) require that you purchase
before the price goes up, ride the price up to a new high, and then sell before the price
retreats back down in order to secure your gains. This sounds easy on paper, but requires considerable luck to
pull off in practice. The reason for this is because it must all be done on a compressed time period, since capital
held in gold while the price stays flat is effectively stagnant. The reason for this is because of the opportunity cost
you incur when making an investment.
The term opportunity cost refers to the cost of foregone options when making a decision. When you choose to
invest in gold, growth stocks, or speculative real estate, the invisible cost you incur is the cost of the gains you
gave up by choosing one form of investment over another. In this regard, our investing performance is separately
impacted by our luck, skill, and patience. The relative magnitude of these impacts depends on the kind of
investments we choose.
(continued on page 3)
In This Issue:
• Time is money -
and money is time.
• Luck, skill, or patience
- which is most important
when it comes to
investing?
www.JasonHartman.com Page 1
Volume 12, Issue 5 $197 annually e-mail, $297 print
Play It Forward
The current economic and political environment is one that portends the possibility of massive
disruptions in the near future. As intelligent investors, it is important for us to “play it forward” in our
minds to anticipate what the future business and economic environment is going to look like. As we
visualize the events that are likely to transpire over the next two to three decades, it will help us to
clarify the strategies that we must pursue.
Events are aligning that make it increasingly likely that we will be faced with multiple decades of
double-digit inflation in the coming future. Each of us must play this scenario forward in our minds to
build our personal, professional, and financial plans of action. It is only by taking action that we can
change the course of our personal vessel on the sea of the global economy.
In the end, it is only you that can chart the course of your economic journey. As individuals, we do not have the ability to shift the tenor of
global events. However, we all have the power to shift the course of events in our own lives. The manner in which we use this power is what
will shape the course of our financial journeys throughout the foreseeable future.
Contact an Investment Counselor today! 714-820-4200 or www.JasonHartman.com
KathyAri Karen Randy JoeMary Brandon
Terri DaveJason Sara Brittney AngelaCharles Eric Ken
Doug
We have created a team of
wealth-building pros
to help you achieve
financial freedom —
call us today!
Welcome to the Platinum Properties Investor Network, THE source for innovative,
forward-thinking investment property strategies and advice. Founder Jason Hartman
spent two decades developing The Complete Solution for Real Estate Investors™. Jason
appears regularly on television and radio, at speaking engagements, seminars, and with
his ultra-hot Creating Wealth podcast. The United States is made up of over 380 unique
market areas. This makes it perhaps the most diverse property market on the planet.
Yet the news media continues to refer to the U.S. real estate market as a single entity
that moves through stronger or weaker cycles. We realize that this phenomenon is the
result of thirty-second T.V. time slots that generate systemic oversimplification. However,
real estate cannot be described that simply. There is NO such thing as a United States
real estate market. Every single local market presents unique risks and opportunities.
Financial
Self-Defense
in Uncertain Times
www.JasonHartman.com www.JasonHartman.com Page 1Page 16
Time is Money Page 1
The Solution to Student
Loan Debt Page 6
Do You Have an Innovative
Personality? Page 7
Why You Should be
Podcasting Page 10
Bad Credit? No Cash?
No Problem! Page 12
Closing More Deals With
Private Money Page 14
Play it Forward Page 16
Property Performance
Projections Pages 8-9
The Debt Problem No One
Talks About Page 4
Luck, Skill, and Patience
Page 1
The #1 Secret to Business
Success Page 11
10 Best Cities for
RE Investment Page 5
Why Your RE Resolutions
Fail Page 7
The Straight Story About
RE Investing Page 13
PP Product Listing Page 15
Hard Money Lending
Page 13
Time is Money
Investing and the Internal Rate of Return
Luck, Skill, and Patience
The Hidden Difficulty of Consistently Beating the Market With Big Gains
2. www.JasonHartman.com/FFR
www.JasonHartman.com/radioshows
www.HolisticSurvival.com
www.YoungWealth.com
www.HeroicInvesting.com
www.SolomonSuccess.com
www.AIPIS.org
www.BusinessofLifeLLC.com
www.AmericanMonetaryAssociation.org
www.TheSpeedofMoney.com
www.JetSetterShow.com
www.SpeakingofWealth.com
www.CommercialInvestingShow.com
As a way of demonstrating this phenomenon, we
choose to model investments using the internal
rate of return, or IRR. This metric measures
the total time-adjusted rate of return for an
investment, inclusive of the purchase price, cash
flows, and eventual sale price. The power of this
metric is that it places greater emphasis on cash
flows that occur early in the life of an investment,
while discounting the value of future cash flows.
This is important, because a dollar today continues
to be worth more than a dollar tomorrow, which
is worth more than a dollar next week, and so on.
In charting out the internal rate of return for
income property relative to gold, there were some
important simplifying assumptions that were made
which highlight the fragility of gold investing and
the robust nature of income property. For the gold
investments, we used the April 20, 2012 price of
$1,642 as a starting point and assumed that the
gold bug prediction of $2,500 per ounce for gold
would come true. However, we modeled different
scenarios of when it would come true. We also
modeled in the 28% collectible gains rate for gold
on all profits, but did not include transaction
costs.
When modeling income property, we assumed
a $79k property purchased for $21k of cash
down, which produces $3,600 in annual cash
flow that stays flat for all 15 years and a value
that appreciates at 3% per year. For the sake of
simplicity, we assumed no depreciation benefit,
no increase in rents, and no mortgage liquidation
benefit. The only things we counted were annual
cash flows and appreciation above the purchase
price. We assumed a 25% federal and 9% state tax
rate for the cash flows, and a 1031 exchange for the
sale after 15 years. (In reality, your experienced
IRR will be higher due to rent increases over time,
mortgage liquidation, and tax advantages from
depreciation.)
What our analysis of IRR showed us is that gold
going to $2,500 is only beneficial if it happens fast.
Our conservative assumptions showed income
property generating a 14% internal rate of return
consistently over 15 years. In order to accomplish
this feat with gold, you would have to buy today,
have it go to $2,500 within two years, and then
sell it to lock in your profits before it goes down.
At this point, you would be left with the dilemma
of what to invest in that will continue generating
returns.
The fundamental problem with all “flash in the
pan” investments is that they attract investors
who see big short-term gains, but do not possess
the necessary fundamentals for long-term
success. Income property investors understand
that no single year should define your investing
career. It is much more important how you do over
the course of a decade than in any single year. By
building a robust portfolio of high-quality, income-
producing assets, it will place you in the position
to realize many years of sustainably exceptional
returns, instead of scrambling for whatever is
“hot” at the current moment.
Action Item: Focus your investments in vehicles
that will minimize the probability that your
capital lays dormant for an extended period of
time. By focusing on investments that produce
residual cash flows, it places the time value of
money to work in our favor.
Time is Money (continued from page 1)
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S l S
Are you ready to join the SWOT Team?
4. www.JasonHartman.com www.JasonHartman.com Page 13Page 4
The Bigger Debt Problem Nobody is Talking About
Many people have become painfully aware of the large and growing
magnitude of the U.S. national debt. It is a subject of great concern
among many in the government, and the great multitude of people
who are responsible for the tax burden that finances the government’s
ongoing operations. These concerns are well-founded, since the size
and scope of the national debt is on the cusp of a magnitude that is
so large, it cannot be addressed in any way other than by de-valuing
the dollar through inflation that is driven by continued quantitative
easing.
This trend is most certainly disturbing, but it is really a symptom
of a much deeper and much more insidious problem that portends
extremely dire consequences if it is not addressed within the next
few years. This problem relates to the national debt, but exposes a
deeper economic problem brought about by failed government policy.
The scope of this problem is expressed by examining an extended
trend of the ratio between annual growth in Gross Domestic Product
and the annual Net Government Deficit.
What this trend shows is that the deficits of the past were accompanied
by GDP growth that exceeded the magnitude of the government
deficit and resulted in the economy growing more than the size of the
national debt. The problem that emerged prominently in 2009, and
has expanded in every year since, is one where the size of the annual
government deficit exceeds the total economic growth of the nation.
The chart below shows the ratio between government debt growth
and the growth in GDP for a series of time periods starting in the early
1980s and continuing up to today. The startling trend that emerges
is that from 2009 through 2011, the level of government debt
grew 4.79 times as fast as GDP. This means that for the past three
years, each dollar of growth in the economy has been accompanied
by approximately five dollars of new government debt. Simple
mathematics shows that this trend is not sustainable for any length
of time.
The key driver of this unbelievable explosion in government debt
has been an accompanying explosion in government spending. The
following chart demonstrates the growth in government spending from
year to year relative to the growth in GDP. From 2009 through 2011,
approximately 84% of every dollar in GDP growth has been driven by a
dollar in government spending growth. What this ultimately means is
that the supposed signs of recovery are nothing more than borrowing
from the future for the purpose of government spending today.
Unfortunately, much of this government spending has been funneled
toward politically powerful interest groups, and has done very little
to drive the real economy forward.
The third chart shows the trend of nominal GDP growth over time,
plus a second chart that shows nominal GDP growth less the growth in
government debt. What this chart illustrates is how the reported GDP
is really an illusion. When subtracting the public borrowing against
future production in the form of government debt, “net” GDP hasn’t
grown since 2007. In past economic cycles, there was very rarely a
disruption that pushed GDP into negative territory for an entire year.
Furthermore, most years of the past half-century have experienced
net economic growth that exceeded the government borrowing for
that year. The current environment is one where the government is
borrowing at such a large magnitude that creates a perpetual drag on
the economy.
What this means is that under the current governmental regime,
each successive year results in net destruction of the real economy
as it is displaced by government activity. A principal deficiency of
GDP accounting is that it counts all spending as equal, regardless of
whether it is financed by real production or whether it is financed by
debt. A more “real” way to articulate economic output of the nation
is measured by subtracting the growth in government debt from the
measured GDP growth. This demonstrates the extent to which the
economy has experienced real growth above and beyond what the
government has borrowed to finance spending.
(continued on page 5)
As those who have been associated
with Jason Hartman for a while know,
the man has a knack for figuring
out unique and (more importantly)
conservative approaches to
generating the maximum return on
your investment dollar. That’s why
we’re here to talk about private
hard money lending opportunities available within Jason’s Platinum
Properties Investor Network. While you may have heard the term
bandied about in the media before, there’s a good chance you haven’t
had the opportunity to exercise the strategy exactly the way we’re
going to describe today.
As always, you can rest assured that Jason doesn’t suggest his
network clients undertake any financial investment he isn’t already
engaged in (profitably) himself, so you can erase that doubt from your
mind. The key to the recent success of private hard money lending
is the continued reluctance of traditional lenders, such as banks and
mortgage companies, to turn loose the purse strings. That’s where
private lenders come in with money to loan on a short-term basis,
sometimes as short as four months.
From a borrower’s perspective, the whole deal is a streamlined
process that falls outside the normal channels of long-term mortgages
requiring a credit history evaluation, including income and debt
evaluation. Short-term loans of the private variety are usually made
based on the underlying value of the property itself.
Can you make money doing this? Keep in mind there are very few
guarantees in life, and you won’t get one here, but Jason and
some of his clients are earning 12.25% interest on money they have
made available. The key here is that you’re not loaning money to
any random stranger who wanders in off the street. Borrowers are
actually local market specialists which Jason already has vetted for
purposes of recommending properties to the PPIN network. These
vendors locate properties in need of updating, which is where your
loan money comes in. After the work is done, these properties go into
the pool from which we draw our recommendations – which explains
the short-term nature of the loan.
If you’re interested in learning more about private hard money
lending, please call our office at 949-200-8009. One of our real estate
specialists would love to talk to you.
We don’t claim income property investing works just because we like
the sound of our own voices. We do it for two reasons. The first is
that from Platinum Properties Investor Network founder and CEO,
Jason Hartman, on down through the rank and file of our agents and
administrators, we’ve seen first-hand how well it works in our own
portfolios. Secondly, it truly irritates us to see hardworking Americans
tossing their money into the stock market machine, which, as the
facts bear out, is a second-rate investment that has been seriously
misleading investors about profit potential for a long time now.
The trouble we’ve noticed, when it comes to educating new real
estate investors, is they try to learn everything at once. Buying
income properties and putting together a long-term strategy to
retire financially independent is not as complicated as you think it is.
Let’s strip away the bells and whistles and point out how incredibly
profitable a conservative approach to buying property and renting it
out can be.
Suppose you walk into your favorite local bank today and secure a loan
for $100,000, which you use to buy a single-family residential house,
then turn around and rent it out for $1,000 per month. Expenses
like repairs, advertising, vacancies, and insurance run about $300
monthly - a legitimate real-world estimate - which leaves you with
an income of $700 each and every month. Of course, you also have
to make the loan payment but, if you follow Jason Hartman’s advice
on how to choose a property, you should have no problem finding a
positive cash flow real estate investment even with that included.
For the purposes of simplicity, let’s further say that you never
refinanced the loan and never raised the rent. Fast forward thirty
years. The loan is now paid off. You own the property free and clear
and have a passive income of $700 monthly. Will you feel wealthy
on $700 per month thirty years in the future? Not likely, but imagine
that you refinanced along the way, taking out mounting equity, and
leveraged it into the purchase of additional income-producing real
estate. Maybe after thirty years you’ll have ten properties, each
throwing off $700 a month. Basic math tells us you’d be cashing $7,000
a month worth of checks and not lifting a finger for the privilege.
Can you live on $7,000 a month? Most of us would say that figure
is getting into the ballpark of something that resembles a decent
retirement. Except you might already be retired by then, thanks to
your passive income, and gone on to do something you really love
like traveling, gardening, or writing the next average American novel.
Who cares what particular pursuit you choose? The larger point is
that investing in real estate the right way made it all possible. A side
note: it’s highly unlikely that rental rates will remain stable over the
course of three decades. Obviously, you will be raising them to meet
what we predict will be a rising demand, and at least to keep pace
with inflation.
Now let’s backtrack a bit and point out the tasty morsel of detail that
makes income property investing so exciting. Remember how we left
the mortgage payment out of our original example back up there? In
the real world you can’t just ignore it. That is a property expense that
must be paid. But what should cause a tingle to run down your spine is
the idea that you take the money for the monthly payment out of the
tenant’s rent also. This reduces your monthly cash flow, but has the
effect of having your tenant pay the mortgage. Let’s stop a moment
to consider the long-term ramifications.
The bank loans you the money to buy an asset, specifically an
investment property. Your tenant pays you for the privilege of living
in the asset, money that you divert to pay the bank back. After thirty
years, YOU own an asset that someone else paid for! Don’t try this in
the stock market. It’s hard for us to even conceive of an investment
strategy as perfect as this, and every single day a new real estate
investor takes the first step down the road to changing his or her
financial future forever. Why should such an amazing life change
always belong to the other guy? Why not you? Why not now?
Investors: Low Risk / High Reward Hard Money Lending
The Straight Story About Income Property Investing
5. www.JasonHartman.com www.JasonHartman.com Page 5Page 12
Buying real estate
investment property is
one of the best ways to
invest your money, period.
Not only can you borrow
the financing required to
purchase income property
(leveraging debt and inflation), but you can rent it out to tenants in
order to pay for your mortgage while ultimately earning the rights to
a free and clear ownership title once all is said and done. This has
been proven time and again throughout American financial history,
and is echoed by the philosophies of investment experts such as
Robert Kiyosaki, Donald Trump, and Warren Buffett. Lucky for you,
Jason Hartman now offers you free investment advice and affordable
guidance on the real estate deal of your dreams!
1. Atlanta - the only way to describe the Atlanta real estate market
is “insatiable.” When it comes to American cities, Atlanta is a story
for the history books. First founded as a railroad hub of the southern
states, it refuses to stop growing at an exponential pace while
attracting dozens of corporate headquarters. Its population continues
to grow by the millions while the number of transplant professionals
looking for rental homes surges by the week. Get your hands on an
Atlanta income property today!
2. Dallas - not only home to all kinds of cowboys, Dallas is continuously
rated as one of the best cities in America for business and real estate
by Forbes and all kinds of business journals. Their market-friendly
approach, favorable tax climate, proximity to freeways, and high
quality of life promise a bright present - and future - for real estate
investors.
3. Phoenix - when it comes to return on investment, this market
won’t quit. Not only does Phoenix continue to attract dozens of
Fortune 500 and Fortune 100 companies, but the ratio of affordability
to rental income potential is one of the best in the country, and quite
consistently. Did we mention it’s the fifth-largest metro area in the
United States, and that it’s sunny year-round?!
4. Indianapolis - Combine a low cost of living, a bunch of the top
sports franchises, ever-increasing recommendations by Forbes
magazine, and increasing employer presence...this is the gold mine
that is Indianapolis. When a city in the Midwest manages to lead job
growth nationwide in the midst of a massive economic recession, you
should take notice if you are ready to buy income properties.
5. St. Louis - Home to very proud residents that welcome a
surprising amount of tourism and visitors each year, this river
city keeps on impressing investors. With a ton of top American
corporate headquarters and a wide variety of healthy industries from
manufacturing to high-tech, this jewel of Missouri just won’t quit.
Check out her ambitious sister town listed below...
6. St. Robert - Perhaps the less famous Saint of Missouri, but the
often unrecognized leader of regional commerce in this part of the
country. Located just off Interstate 44 and supported in part by Fort
Leonard Wood, the local military base, St. Robert has one of the
highest predicted growth rates in coming years for American jobs.
7. Denver - the mile-high city first made famous during and after
the gold rush and push West, this darling in the Colorado mountains
continues to attract adventurers, transplants, and business investors.
Named the second best place to live by Sperling’s due in part to
its year-round entertainment and activities nearby, it also keeps
impressing Forbes (among others) as a promising investment market.
Pair well-run local government with ambitious infrastructure projects
and rapid private-sector growth, and you have a quick idea of the
massive potential that Denver has to offer.
8. Columbus - Often overlooked due to the flighty reputation of other
cities in Ohio, this classy town not only weathered the financial crisis
with ease but also maintains top educational rankings across the
board compared to other American cities. The business climate here
is also attractive to top American investment firms, and its economic
impact continues to grow in part because of it.
9. Austin - Among the generally impressive growth that Texas has
showed in recent years both culturally and economically is Austin,
the sweetheart town of the Lone Star State (Houston is also worth
mentioning). Fast becoming home to music and youth trends such as
the South by Southwest annual festival, Austin’s government practices
and business market keep on accelerating along the path of success.
10. Columbia - One among other upcoming markets in South Carolina
(along with Beaufort), this nice little city was named sixth on the
U.S. News & World Report list of most affordable places to retire in
America. This state capitol and business center of South Carolina is
a market worthy of any savvy investor’s attention not only now, but
also for years to come.
Ten Best Cities For Buying Investment Properties
Can you buy real estate with bad credit
and no cash? Absolutely! Is it going
to be easy? Probably not. There are
a couple of realities we should point
out. The first is that there are many,
MANY examples of people who have
grown wealthy in the property business
without the advantage of having a big
pile of cash or perfect credit when they started out. In fact, the
absence of both of these critical factors likely describes a large
percentage of the people who want to invest in real estate as a way
to wealth – but who could blame them?
Real estate is, hands down, the best wealth creator in the history of
our planet. From King Solomon’s abundance in Biblical times, right
down through the ages to the rise and fall and rise again of Donald
Trump, it’s always been real estate, baby. So, how can a person of
modest or even, shall we say, paltry economic means get started in
this high-dollar entry field?
Did we already say this? If so, it bears repeating; it’s not easy.
However, if you let the fact that you’re going to have to work at
it dissuade you from trying, you’ve already proven you don’t have
what it takes because the likelihood is you’re going to get bruised,
bloodied, and there’s a real good chance you’ll hear “no” dozens,
maybe even hundreds of times before someone finally says “yes.”
Horror novelist extraordinaire Stephen King figures he got more than
200 rejection slips over a decade from publishers before he sold his
first story. Can you say tenacity?
Here’s what you need to buy real estate with bad credit and no cash.
1. A Loathing for the Status Quo
If you either like or are sort of okay with your present financial
condition, it probably won’t change. You really need to feel a deep-
down burning desire that you were meant for more in this life and, by
gosh, you’re going to take it if you must. Legally, of course.
2. The Need for Increased Abundance
Call it money, wealth, or filthy lucre. If increasing your net worth
isn’t included in your hard-wiring from the get-go, it’s hard to put it
there.
3. Desire for Achievement
Forget the lack of credit and absence
of cash. What you really need to get
ahead in the real estate business is
the internal drive to achieve. Do you
think Donald Trump is ever satisfied
with the extent of his real estate
holdings or the latest Nielsen ratings for Celebrity Apprentice? We
don’t know The Donald personally, but we know his type and the
answer is a big, fat “No!”
4. Tenacity
Remember the story of the guy who tunneled out of Alcatraz using a
spoon or some such other ridiculous instrument of escape? Took him
years, and then he got eaten by sharks (allegedly) on the swim back
to the mainland, but the point was he set a goal and would not be
shaken from it.
5. Resiliency
We’ve said it before in a roundabout way, but here’s the straight
scoop. Get used to hearing the word “no.” Seriously. Unless you just
get really lucky, you’re going to hear it more times than you can count.
You’ve got to shrug it off and keep moving forward with confidence
and zeal. It sounds corny, but more than one salesman approaches his
day with the goal of getting a certain number of negative responses.
He knows it’s simply a numbers game; the faster he can accumulate
failures means he’s getting closer to success. Perverted? Maybe, but
it’s true.
If you have the previous five character traits embedded in every fiber
of your being, there’s almost no way you won’t succeed eventually.
Of course, when it comes to the real estate game, it helps if you have
selling skills, a professional demeanor, and a solid grasp of real estate
financing. And, yes, good credit and a pile of cash are nice, though
not critical. And now here’s where we tell you exactly how to go
about grabbing that brass ring when starting from square one. Sorry,
we couldn’t do that if we wanted to. There are as many different
scenarios as there are people applying them. You’ve got to find what
works for you.
Here is one nugget, though. Try bird-dogging properties for property
investors who do have a pile of cash. Earn those finder’s fees, save
them, and soon you’ll have enough to put down on a small property
of your own.
How to Buy Real Estate with Bad Credit and No Cash The Bigger Debt Problem Nobody is Talking About (continued from page 4)
The fundamental problem that the U.S. and most of Western
Europe find themselves in is that the economies have become less
about productivity growth driven by private industry and more
about subsidies, entitlements, and government programs. What
this ultimately means is that with the world’s largest economies all
simultaneously headed on an unsustainable government spending
trajectory, multiple years of high inflation are all but guaranteed.
Individual investors should seek to build their financial self-defense
in short order.
Action Item: Prepare for the coming economic disruptions with
financial self-defense. Build a portfolio of real income-producing
assets that are financed with fixed-rate debt. By harnessing the
power of properly structured investments, you can harness the
power of inflation to your benefit.
“There is no investment you can make which will pay you so well as the effort to scatter sunshine
and good cheer through your establishment.” – Orison Swett Marden
Your investing / business / entrepreneurial news source
6. www.JasonHartman.com www.JasonHartman.com Page 11Page 6
An article recently published by the
International Business Times explored the
potential for problems associated with
aggregate student loan debt. Since the total
student loan debt outstanding exceeds $1
trillion dollars, the scope of the problem
seems immense. When complicated by the
30% of student loans that are 30 or more days
overdue, there appears to be a crisis brewing.
The concern expressed by many is that the
burden of student loan debt will suppress people’s future disposable
income. To many, this presents a dire scenario where future
consumption spending cannot keep growing due to the crushing burden
of student loans. It is complicated by the high rate of unemployment
among recent college graduates, and has led many to believe that
government action is required to “fix” the problem.
The Solution That Isn’t a Solution
When college students gather in protest rallies, they frequently hold
up signs demanding that their student loan debt be forgiven. Since
the overwhelming majority of student loans are underwritten by the
U.S. government, all that this would accomplish (besides delivering
a free ride to people who acted irresponsibly) is to turn $1 trillion
of private debt into $1 trillion of public debt. This sounds great for
people that are either looking for a handout or looking to buy votes
by giving away a handout with government money, but it does nothing
to solve the underlying problem.
By accelerating the government debt problem, it accelerates the
extent to which drastic action must be taken. Many (mistakenly) think
that the pile of student loan debt can be dissipated with additional
taxes on the wealthy. Unfortunately, this strategy has two main
deficiencies. The first is that there aren’t enough wealthy people to
pay the taxes. The second is that most wealthy people hire lawyers
and accountants to reduce their tax burden with (legal) income-
sheltering strategies. The ultimate result is that the government is
unable to tax away its debt and will need to inflate the currency.
Since inflation disproportionately impacts the poor and middle class,
it will ultimately end up coming back to bite the people who were
holding the signs demanding that the government wipe away their
student loans.
The Real Problem
A paper recently published by Georgetown University breaks down
the average earnings and unemployment rates for college graduates
based on the level of education and course of study. It comes as no
surprise that subjects such as education, business, and engineering
all have relatively low rates of unemployment associated with them
and respectable earnings. However, studies in subjects such as social
sciences and the liberal arts have very high rates of unemployment
and relatively low earnings.
Thus, the real problem is not that people carry so much student loan
debt, but that people have chosen to take out large amounts of debt
to finance an education that does not have a significant market value.
Another way of stating the situation is that people who study subjects
like engineering and business do not have a student loan problem.
The reason is because their education prepares them for a career
that allows them to generate an income so that their debts can be
paid off.
The Real Solution
Understanding the real problem is the first step toward a real solution.
The only way for this lingering problem to be solved is for the people
who are under all of this debt to become gainfully employed so that
they can pay their debt back. However, attaining gainful employment
requires that better decisions be made in regard to the course of
study that one pursues in their path of higher education. This is the
only method of dealing with this problem that will not result in a
simple transfer of the burden to somebody else.
The truth is that all choices involve cost. The decision to attend
college is frequently very wise. However, it is highly important to
choose a course of study that is consistent with your long-term career
interests. Studying the arts is fine if you are content with living the
life of an artist. However, if you desire to climb the income ladder,
then you must acquire skills that will allow you to generate value
for an employer that are sufficient to justify a favorable level of
compensation.
Student loan debt is not fundamentally different from any other kind
of debt. It is not good or bad in and of itself…student loans taken out
to acquire skills that allow you to earn a good income to support your
family are a very wise decisions. Loans taken out to finance four years
of partying or a degree that offers no employment prospects are
much more suspicious. All debt is fundamentally neutral in nature.
It only becomes good or bad when paired with an investment that is
good or bad.
Thus, the answer is for more people to make better decisions
regarding what they study. In the larger context, the investments of
time, money, and education we make are what will define whether
any resources we borrow to make those investments were wisely
deployed. Instead of demanding that other people bail us out after
making bad decisions, we should take the opportunity to make better
decisions in the future. Each day is a new chance for us to learn. We
should seize those learning opportunities to make each successive
day more prosperous than the last.
The Real Student Loan Debt Problem
“Invest in places that make
sense so you can afford to live in
places that don’t make sense.”
- Jason Hartman
Forget the institution’s name on your MBA. It
doesn’t have nearly as much to do with your
eventual success in business as whether people
like you or not. Let’s call it the Likability
Quotient, otherwise known as “no one prefers
doing business with a jackass.” The difficulty
in increasing a business’s bottom line through
boosting the personal likability of the owner
and employees is – no big surprise – they
probably don’t even realize there’s a problem.
Most obnoxious people don’t.
Why should likability matter anyway? Well, researchers tell us that
it’s related to trust. In fact, trust is the final step before someone
decides if they like you. The good news is that even if you don’t like
or want to be nice to people, there’s a good chance you’ll be able to
fake it enough to make a difference. Focus on the following areas.
Readily Admit Mistakes
No less a business expert than Steve Jobs, co-founder of Apple and
Pixar, knew the value of owning up to miscues, going on to say,
“Sometimes when you innovate, you make mistakes. It is best to admit
them quickly, and get on with improving your other innovations.”
Stubbornness and rigidity occupy the opposite end of the likability
spectrum. Think about your own life. Do your admissions of mistakes
roughly align with the return of Halley’s comet? Not good, not good.
Keep in mind that confessing a mistake doesn’t have to be a long,
drawn-out ordeal. Say something like, “I was completely wrong about
that. Thanks for pointing it out.” And don’t forget that admitting
you’re wrong means you also have to be willing and able to accept
the consequences without grumbling or whining. Voila – now you’ve
demonstrated honesty and integrity, two other excellent traits when
it comes to likability.
And the Humble Shall Inherit the Earth
Ever get tired of people who don’t brag about themselves
enough? Yeah, we don’t either. This is not to say you can’t state
accomplishments in a matter-of-fact tone during the natural course
of a conversation, but please ditch the braggadocio. It does no good
because people can detect a braggart a mile away, and their B.S.
filter kicks in automatically. Trust us. When you’re good, you don’t
need to tell people about it. They’ll figure it out on their own.
Pay particular attention to censoring your self-aggrandizement in the
context of online marketing. This REALLY doesn’t work. A few tidbits
related to your successes can safely be sprinkled throughout the text
– but tread lightly! Despite what the “gurus” would have you believe,
online marketing should be less aggressive than the traditional kind.
Be Generous with Compliments
We’re not suggesting you walk around dispensing false platitudes.
People will see through that kind of stuff a mile away. The trick is to
pay attention to legitimate opportunities to spread a little goodwill
throughout the normal course of a day. This is powerful stuff. It lets
people know (or at least feel like) you get them. Really get them. In
other words, empathize and commiserate.
Find a Shared Belief or Value
According to the One Minute Sales Person, people don’t buy a
product or service. Instead, they buy the person selling it because of
the way that person makes them feel about the product or service.
We buy from people we like. Makes sense. Think back to recent
buying experiences you might have had which allowed you to choose
between essentially similar products. Did you go with the person you
liked better? Most of us do.
Get Personal
Technology is supposed to bring us closer together, and in a sense it
does, but there’s a good chance it also interferes with your likability.
Think about it. Do you really connect with a potential business partner
or client by email or telephone, or does it work better in person?
Hopefully, you realize the benefit of up close and personal contact.
Social psychologists claim we are more likely to develop a mutually
beneficial relationship with someone we’re in close proximity with,
and this makes sense.
We’ll leave you with this. Except in the cases of trust fund babies, it’s
to your advantage to be liked. Likable people get elected, promoted,
and rewarded. They earn more money, receive better service, and
close the big deal more often. Like it or not, the bottom line is that
being likable pays off in more ways than you can imagine.
Don’t believe us? Give it a shot – an honest shot – and report back to
us.
The Number One Secret to Business Success
“The prudent course is to make an investment in learning, testing, and understanding,
determine how the new concepts compare to how you now operate, and thoughtfully determine
how they apply to what you want to achieve in the future.”
– Dee Hock
7. www.JasonHartman.com www.JasonHartman.com Page 7Page 10
Our founder, Jason Hartman, who also serves as host for the podcast
The Creating Wealth Show, likes to take a break from real estate talk
every tenth show and venture off into a variety of topics. In the spirit
of Jason’s vision, we decided to take a look today at exactly what
personality traits go into creating an innovator. You know what we’re
talking about, right? The kind of guy or gal who starts diagramming
new ideas on a cocktail napkin and THEN dives into the nitty-gritty
work of seeing the vision through to fruition.
Can you spy any of the following four personality types in yourself?
1. Movers and Shakers
These are the people with a strong personal drive and who love the
idea of creating a legacy and wielding power over others, which is not
necessarily a bad thing. Most of us could use some direction now and
then. A mover and shaker likes to lead from the front and isn’t averse
to a bit of self-promotion at the end of the day. This personality might
be a bit arrogant and impatient with the shortcomings of others.
2. Experimenters
As might be expected, the experimenter is open-minded and
quite persistent at herding a new idea through the various stages
of development. Passionate workaholics, the experimenter is the
intense guy or gal at work who makes everyone else feel inadequate
about their lack of dedication and puny workload.
3. Star Pupils
The star pupil went from waving his or
her hand at the front of the classroom
to leading the charge in the corporate
boardroom. They seem to be good at
everything from developing their personal
brands to utilizing employees to their best
potential. It’s no big surprise that the star pupil often lands in the
CEO spot.
4. Controllers
The controller is sometimes seen as the opposite of the experimenter.
He likes structure, is uncomfortable with risk, hates nebulous
projects, and loves structure. Since this personality type feels the
need to maintain complete control over matters, they rarely rise
to oversee large corporations but rather find success with a smaller
business of their own.
Of course, it’s nigh near impossible to pigeonhole people into nice,
neat, orderly categories, but bits and pieces of these personality
types pop up often enough to make a few generalizations. The bottom
line is that entrepreneurs tend to exhibit these frequently.
Do You Have an Innovative Personality?
It’s critical that today’s entrepreneur understand the necessity of
adopting a multimedia approach when it comes to developing an
information business. As the social media and global communication
aspects of Web 2.0 continue to kick in, we are beginning to see that
podcasting is not only a good idea – it’s the law. Actually, it isn’t
the law, but it is becoming an indispensable method of reaching new
audiences with your message.
While there are about a million and a half reasons you should seriously
consider launching a podcast, we don’t have space or the patience to
list them all here. You’ll have to settle for eight right now, but after
reading them, we think you’ll agree they’re pretty good ones.
1. Low Cost of Entry
Assuming you already have a computer and high-speed Internet
connection, all you really have to spend to get into podcasting is
twenty bucks for a decent microphone that plugs into the quarter-inch
audio jack on your laptop or desktop. That’s it. Of course, the sky’s
the limit if you want to shell out extra for top-of-the-line equipment,
but that’s not a necessity to produce a professional-sounding podcast.
2. Simple Technology
If you think that it takes a techie or computer geek to figure out how
to record, format, and upload a podcast audio file to the Internet,
you’d be wrong. If you have the wherewithal to navigate to this
website and read this blog, you’ve got what it takes to create and
syndicate a podcast.
3. Indie Has Gone Mainstream
Five years ago, when podcasting first arrived on the scene, it was
occupied by indie-minded early adopters of technology. As with other
new Web 2.0 technologies, it takes a bit of tire-kicking and test
driving before the public decides whether or not to give it the stamp
of approval. Well, consider that the initial indie spirit of podcasting
has officially gone mainstream. Downloads are increasing, as are
advertising dollars and sponsorships – all good news for the future of
the medium.
4. The Asynchronous Advantage
What happens if your favorite terrestrial radio program comes on at
11 a.m. sharp and you happen to be occupied collecting the contents
of your neighbor’s trash can, which your escaped dog conveniently
spilled? Long story short – you miss the show! Not so with podcasting.
The asynchronous nature of the medium means you can listen to the
show any time you want. The span of time that separates recording
and listening can be hours, weeks, months,
or years. With podcasts, you listen on your
schedule, which is a pretty nifty deal in
our humble opinion.
5. Humans Love Multimedia
Most people find audio and video files easier to digest than pages of
text. That explains the enormous popularity of the iTunes podcast
directory, as well as the continuing global phenomenon that is
YouTube. Not to denigrate reading, because, Lord knows, we need to
not forget how to do that, but the simple truth is people like audio
and video.
6. The “Podium Effect”
One of the reasons you got into this speaking business in the first
place was to gain credibility, right? It turns out that podcasting grants
a similar effect to those who do it well. When people can download
your professional-looking and -sounding podcast from the iTunes
directory, their estimation of you arises accordingly. We tend to grant
more legitimacy to the guy or gal behind the podium, and podcasting
acts the same way. More credibility usually leads to more money,
which isn’t half bad.
7. Create a Personal Power Player Network
There’s a hidden benefit to podcasting, especially if you decide to
include interviews with thought leaders in your field as part of the
format. What’s the hidden benefit? Well, it just so happens that you
now have a relationship with that person and, if the interview went
well, could call upon them in the future for another interview and
perhaps even a favor. In our opinion, that’s not half bad either.
8. Become a Thought Leader
While this is somewhat similar to the “podium effect,” it’s not
exactly the same. A thought leader in any industry is a person who
has risen to the top and tends to influence what people think about
certain issues. For example, like him or not, the sitting president is
usually the primary thought leader for the United States. He leads
the conversation in the direction he wants, and people pay attention.
A final thought is this: Like blog entries, podcasts stay around forever,
carrying your message time and time again to an ever-increasing
audience. It’s the gift that keeps on giving.
The Eight Best Reasons to Become a Podcaster
Have you been thinking about investing in
real estate for years, but find yourself still
doing exactly that - thinking rather than
doing? Any of us can choose to make excuses
‘til the cows come home about why we aren’t
moving forward with something we claim to
really, REALLY want, but when resolutions
fail, there are likely three causes. Would
you like to know what they are so you can
get busy living the life you want rather than
dreaming about it?
Specificity
The chance of achieving your resolution rises dramatically when you
create a specific goal. Don’t set out all at once to strike fear in the
heart of Donald Trump when he looks in the rear view mirror. A goal
of “I want a lot of money” is probably destined for certain failure.
Everyone wants a lot of money. If that’s where you’re thinking stops,
you’re in trouble. Maybe someday you will have a checking account
balance to rival everyone’s favorite mogul, but don’t set that as the
initial goal. Shoot for something more specific, like “I would like to
create financial independence through real estate investing in the
next decade.” Or five years. Or whatever. The first goal is too general,
while the second gives you something specific to accomplish within a
defined time frame.
Don’t Be So Extreme
Thinking along the same lines of the example we used above, it’s
usually a mistake to make your ultimate goal the first goal as well.
Rather than resolving to create a real estate empire that makes brave
men cringe, why not go with something doable, like “I want to buy my
first investment property by the end of the year.” The first goal is so
grandiose as to be silly. The second is something almost everyone can
accomplish if they set their minds to it.
Where’s the Plan?
Here’s the big one: You’re not going to see any of your goals come to
fruition without a plan. Lack of planning is the reason so many people
randomly bounce through life like a pinball. You’ve got to have a
plan, then follow it to the end. Break the task down into smaller
projects. In order to buy that first property by the end of the year,
you need to do the following:
1. Locate a great deal on a piece of real estate
2. Find the financing
3. Close the deal
Obviously this is somewhat simplified, but hopefully you get the idea.
Get specific, avoid the extreme, and push through to the end.
Three Reasons Real Estate Investing Resolutions Fail
“Because, you know, resilience - if you think of it in terms of the Gold Rush,
then you’d be pretty depressed right now because the last nugget of gold would be gone.
But the good thing is, with innovation, there isn’t a last nugget.
Every new thing creates two new questions and two new opportunities.”
– Jeff Bezos
8. Property Highlights:
- Dallas, TX 75253
- 3 bedrooms, 2 baths
- Built in 2005
1 Year Performance Projection
32% ROI - Great annual cash flow!
Dallas, TX 75253
3BR/2BA, 1995sf, built in 2005
Square Feet 1,721
Initial Market Value $ 114,000
Purchase Price $ 114,000
Downpayment $ 22,800
Loan Origination Fees $ 3,648
Depreciable Closing Costs $ 2,280
Other Closing Costs and Fixup $ 0
Initial Cash Invested $ 28,728
Cost per Square Foot $ 66
Monthly Rent per Square Foot $ 0.74
Income Monthly Annual
Gross Rent $ 1,275 $ 15,300
Vacancy Losses $ -102 $ -1,224
Operating Income $ 1,173 $ 14,076
Expenses Monthly Annual
Property Taxes $ -166 $ -1,995
Insurance $ -76 $ -912
Management Fees $ -117 $ -1,407
Leasing/Advertising Fees $ -12 $ -150
Association Fees $ 0 $ 0
Maintenance $ -63 $ -765
Other $ 0 $ 0
Operating Expenses $ -435 $ -5,229
Net Performance Monthly Annual
Net Operating Income $ 737 $ 8,846
- Mortgage Payments $ -462 $ -5,545
= Cash Flow $ 275 $ 3,301
+ Principal Reduction $ 122 $ 1,471
+ First-Year Appreciation $ 380 $ 4,560
= Gross Equity Income $ 777 $ 9,332
+ Tax Savings $ 0 $ 0
= GEI w/Tax Savings $ 777 $ 9,332
Mortgage Info First Second
Loan-to-Value Ratio 80% 0%
Loan Amount $ 91,200 $ 0
Monthly Payment $ 462.10 $ 0.00
Loan Type Amortizing Fixed
Term 30 Years
Interest Rate 4.500% 0.000%
Monthly PMI $ 0
Financial Indicators
Debt Coverage Ratio 1.60
Annual Gross Rent Multiplier 7
Monthly Gross Rent Multiplier 89
Capitalization Rate 7.8%
Cash on Cash Return 11%
Total Return on Investment 32%
Total ROI with Tax Savings 32%
Assumptions
Real Estate Appreciation Rate 4%
Vacancy Rate 8%
Management Fee 10%
Maintenance Percentage 5%
Comments
1 MONTH FREE PROPERTY MANAGEMENT
1 YEAR FREE HOME WARRANTY
OWNER'S TITLE POLICY PAID BY SELLER
An amazing buy on this property.
*Information is not guaranteed and investors should do their own
research, get professional advice and conduct due diligence
prior to investing.
Cash Flow
$3,301
Projected ROI
32%
www.JasonHartman.com www.JasonHartman.com Page 9Page 8
Property Highlights:
- St. Louis, MO 63109
- 2-unit duplex (2 bed/1 bath each)
- Built in 1926
Performance
Projection
1 Year Performance Projection
Duplex with 2 bedroom units
St Louis, MO 63109
2(2bd/1ba), built in 1926
Square Feet 2,560
Initial Market Value $ 89,500
Purchase Price $ 89,500
Downpayment $ 22,375
Loan Origination Fees $ 1,342
Depreciable Closing Costs $ 4,475
Other Closing Costs and Fixup $ 0
Initial Cash Invested $ 28,192
Cost per Square Foot $ 34
Monthly Rent per Square Foot $ 0.58
Income Monthly Annual
Gross Rent $ 1,500 $ 18,000
Vacancy Losses $ -120 $ -1,440
Operating Income $ 1,380 $ 16,560
Expenses Monthly Annual
Property Taxes $ -111 $ -1,342
Insurance $ -93 $ -1,118
Management Fees $ -110 $ -1,324
Leasing/Advertising Fees $ 0 $ 0
Association Fees $ 0 $ 0
Maintenance $ -120 $ -1,440
Other $ -50 $ -600
Operating Expenses $ -485 $ -5,826
Net Performance Monthly Annual
Net Operating Income $ 894 $ 10,733
- Mortgage Payments $ -340 $ -4,081
= Cash Flow $ 554 $ 6,652
+ Principal Reduction $ 90 $ 1,082
+ First-Year Appreciation $ 223 $ 2,685
= Gross Equity Income $ 868 $ 10,420
+ Tax Savings $ 0 $ 0
= GEI w/Tax Savings $ 868 $ 10,420
Mortgage Info First Second
Loan-to-Value Ratio 75% 0%
Loan Amount $ 67,125 $ 0
Monthly Payment $ 340.11 $ 0.00
Loan Type Amortizing Fixed
Term 30 Years
Interest Rate 4.500% 0.000%
Monthly PMI $ 0
Financial Indicators
Debt Coverage Ratio 2.63
Annual Gross Rent Multiplier 5
Monthly Gross Rent Multiplier 60
Capitalization Rate 12.0%
Cash on Cash Return 24%
Total Return on Investment 37%
Total ROI with Tax Savings 37%
Assumptions
Real Estate Appreciation Rate 3%
Vacancy Rate 8%
Management Fee 8%
Maintenance Percentage 8%
Comments
2 Units with 2bd/1ba that will be fully rehabbed and
rented at close of escrow.
1 yr home warranty
1 yr lease with both units
Professional property management in place.
*Information is not guaranteed and investors should do their own
research, get professional advice and conduct due diligence
Cash Flow
$6,652
Projected ROI
37%
Performance
Projection
Property Highlights:
- Stone Mountain, GA 30083
- 4 bedrooms, 2.5 baths
- Built in 1977
1 Year Performance Projection
North Atlanta, FGO
Stone Mountain, GA 30083
Built in 1977, 4bd/2.5ba tenant in place
Square Feet 2,200
Initial Market Value $ 99,000
Purchase Price $ 99,000
Downpayment $ 19,800
Loan Origination Fees $ 792
Depreciable Closing Costs $ 2,475
Other Closing Costs and Fixup $ 0
Initial Cash Invested $ 23,067
Cost per Square Foot $ 45
Monthly Rent per Square Foot $ 0.56
Income Monthly Annual
Gross Rent $ 1,250 $ 15,000
Vacancy Losses $ -100 $ -1,200
Operating Income $ 1,150 $ 13,800
Expenses Monthly Annual
Property Taxes $ -140 $ -1,683
Insurance $ -45 $ -544
Management Fees $ -92 $ -1,104
Leasing/Advertising Fees $ -52 $ -625
Association Fees $ 0 $ 0
Maintenance $ -62 $ -750
Other $ 0 $ 0
Operating Expenses $ -392 $ -4,706
Net Performance Monthly Annual
Net Operating Income $ 757 $ 9,093
- Mortgage Payments $ -425 $ -5,101
= Cash Flow $ 332 $ 3,991
+ Principal Reduction $ 97 $ 1,168
+ First-Year Appreciation $ 247 $ 2,970
= Gross Equity Income $ 677 $ 8,130
+ Tax Savings $ 0 $ 0
= GEI w/Tax Savings $ 677 $ 8,130
Mortgage Info First Second
Loan-to-Value Ratio 80% 0%
Loan Amount $ 79,200 $ 0
Monthly Payment $ 425.16 $ 0.00
Loan Type Amortizing Fixed
Term 30 Years
Interest Rate 5.000% 0.000%
Monthly PMI $ 0
Financial Indicators
Debt Coverage Ratio 1.78
Annual Gross Rent Multiplier 7
Monthly Gross Rent Multiplier 79
Capitalization Rate 9.2%
Cash on Cash Return 17%
Total Return on Investment 35%
Total ROI with Tax Savings 35%
Assumptions
Real Estate Appreciation Rate 3%
Vacancy Rate 8%
Management Fee 8%
Maintenance Percentage 5%
Comments
This property was renovated a little over a year ago; has had
the tenant renewed at the end of last year and have been
current every month.
Fantastic neighborhood/home!
*Information is not guaranteed and investors should do their own
research, get professional advice and conduct due diligence
Cash Flow
$3,991
Projected ROI
35%
1 Year Performance Projection
REO Single Family Built in 2000
Indianapolis, IN 46217
*REO Single Family,2000 3BR 2.5BA Loft
Square Feet 1,700
Initial Market Value $ 65,000
Purchase Price $ 65,000
Downpayment $ 16,250
Loan Origination Fees $ 487
Depreciable Closing Costs $ 1,950
Other Closing Costs and Fixup $ 16,220
Initial Cash Invested $ 34,907
Cost per Square Foot $ 38
Monthly Rent per Square Foot $ 0.64
Income Monthly Annual
Gross Rent $ 1,095 $ 13,140
Vacancy Losses $ -87 $ -1,051
Operating Income $ 1,007 $ 12,088
Expenses Monthly Annual
Property Taxes $ -81 $ -975
Insurance $ -67 $ -812
Management Fees $ -80 $ -967
Leasing/Advertising Fees $ -41 $ -500
Association Fees $ -29 $ -348
Maintenance $ -43 $ -525
Other $ 0 $ 0
Operating Expenses $ -344 $ -4,128
Net Performance Monthly Annual
Net Operating Income $ 663 $ 7,960
- Mortgage Payments $ -257 $ -3,095
= Cash Flow $ 405 $ 4,864
+ Principal Reduction $ 61 $ 735
+ First-Year Appreciation $ 216 $ 2,600
= Gross Equity Income $ 683 $ 8,200
+ Tax Savings $ 0 $ 0
= GEI w/Tax Savings $ 683 $ 8,200
Mortgage Info First Second
Loan-to-Value Ratio 75% 0%
Loan Amount $ 48,750 $ 0
Monthly Payment $ 257.99 $ 0.00
Loan Type Amortizing Fixed
Term 30 Years
Interest Rate 4.875% 0.000%
Monthly PMI $ 0
Financial Indicators
Debt Coverage Ratio 2.57
Annual Gross Rent Multiplier 5
Monthly Gross Rent Multiplier 59
Capitalization Rate 12.2%
Cash on Cash Return 14%
Total Return on Investment 23%
Total ROI with Tax Savings 23%
Assumptions
Real Estate Appreciation Rate 4%
Vacancy Rate 8%
Management Fee 8%
Maintenance Percentage 4%
Comments
Great neighborhood in high demand
*Information is not guaranteed and investors should do their own
research, get professional advice and conduct due diligence
prior to investing.
Property Highlights:
- Indianapolis, IN 46217
- 3 bedrooms, 2.5 baths + loft
- Built in 2000
Cash Flow
$4,864
Projected ROI
23%
9. Property Highlights:
- Dallas, TX 75253
- 3 bedrooms, 2 baths
- Built in 2005
1 Year Performance Projection
32% ROI - Great annual cash flow!
Dallas, TX 75253
3BR/2BA, 1995sf, built in 2005
Square Feet 1,721
Initial Market Value $ 114,000
Purchase Price $ 114,000
Downpayment $ 22,800
Loan Origination Fees $ 3,648
Depreciable Closing Costs $ 2,280
Other Closing Costs and Fixup $ 0
Initial Cash Invested $ 28,728
Cost per Square Foot $ 66
Monthly Rent per Square Foot $ 0.74
Income Monthly Annual
Gross Rent $ 1,275 $ 15,300
Vacancy Losses $ -102 $ -1,224
Operating Income $ 1,173 $ 14,076
Expenses Monthly Annual
Property Taxes $ -166 $ -1,995
Insurance $ -76 $ -912
Management Fees $ -117 $ -1,407
Leasing/Advertising Fees $ -12 $ -150
Association Fees $ 0 $ 0
Maintenance $ -63 $ -765
Other $ 0 $ 0
Operating Expenses $ -435 $ -5,229
Net Performance Monthly Annual
Net Operating Income $ 737 $ 8,846
- Mortgage Payments $ -462 $ -5,545
= Cash Flow $ 275 $ 3,301
+ Principal Reduction $ 122 $ 1,471
+ First-Year Appreciation $ 380 $ 4,560
= Gross Equity Income $ 777 $ 9,332
+ Tax Savings $ 0 $ 0
= GEI w/Tax Savings $ 777 $ 9,332
Mortgage Info First Second
Loan-to-Value Ratio 80% 0%
Loan Amount $ 91,200 $ 0
Monthly Payment $ 462.10 $ 0.00
Loan Type Amortizing Fixed
Term 30 Years
Interest Rate 4.500% 0.000%
Monthly PMI $ 0
Financial Indicators
Debt Coverage Ratio 1.60
Annual Gross Rent Multiplier 7
Monthly Gross Rent Multiplier 89
Capitalization Rate 7.8%
Cash on Cash Return 11%
Total Return on Investment 32%
Total ROI with Tax Savings 32%
Assumptions
Real Estate Appreciation Rate 4%
Vacancy Rate 8%
Management Fee 10%
Maintenance Percentage 5%
Comments
1 MONTH FREE PROPERTY MANAGEMENT
1 YEAR FREE HOME WARRANTY
OWNER'S TITLE POLICY PAID BY SELLER
An amazing buy on this property.
*Information is not guaranteed and investors should do their own
research, get professional advice and conduct due diligence
prior to investing.
Cash Flow
$3,301
Projected ROI
32%
www.JasonHartman.com www.JasonHartman.com Page 9Page 8
Property Highlights:
- St. Louis, MO 63109
- 2-unit duplex (2 bed/1 bath each)
- Built in 1926
Performance
Projection
1 Year Performance Projection
Duplex with 2 bedroom units
St Louis, MO 63109
2(2bd/1ba), built in 1926
Square Feet 2,560
Initial Market Value $ 89,500
Purchase Price $ 89,500
Downpayment $ 22,375
Loan Origination Fees $ 1,342
Depreciable Closing Costs $ 4,475
Other Closing Costs and Fixup $ 0
Initial Cash Invested $ 28,192
Cost per Square Foot $ 34
Monthly Rent per Square Foot $ 0.58
Income Monthly Annual
Gross Rent $ 1,500 $ 18,000
Vacancy Losses $ -120 $ -1,440
Operating Income $ 1,380 $ 16,560
Expenses Monthly Annual
Property Taxes $ -111 $ -1,342
Insurance $ -93 $ -1,118
Management Fees $ -110 $ -1,324
Leasing/Advertising Fees $ 0 $ 0
Association Fees $ 0 $ 0
Maintenance $ -120 $ -1,440
Other $ -50 $ -600
Operating Expenses $ -485 $ -5,826
Net Performance Monthly Annual
Net Operating Income $ 894 $ 10,733
- Mortgage Payments $ -340 $ -4,081
= Cash Flow $ 554 $ 6,652
+ Principal Reduction $ 90 $ 1,082
+ First-Year Appreciation $ 223 $ 2,685
= Gross Equity Income $ 868 $ 10,420
+ Tax Savings $ 0 $ 0
= GEI w/Tax Savings $ 868 $ 10,420
Mortgage Info First Second
Loan-to-Value Ratio 75% 0%
Loan Amount $ 67,125 $ 0
Monthly Payment $ 340.11 $ 0.00
Loan Type Amortizing Fixed
Term 30 Years
Interest Rate 4.500% 0.000%
Monthly PMI $ 0
Financial Indicators
Debt Coverage Ratio 2.63
Annual Gross Rent Multiplier 5
Monthly Gross Rent Multiplier 60
Capitalization Rate 12.0%
Cash on Cash Return 24%
Total Return on Investment 37%
Total ROI with Tax Savings 37%
Assumptions
Real Estate Appreciation Rate 3%
Vacancy Rate 8%
Management Fee 8%
Maintenance Percentage 8%
Comments
2 Units with 2bd/1ba that will be fully rehabbed and
rented at close of escrow.
1 yr home warranty
1 yr lease with both units
Professional property management in place.
*Information is not guaranteed and investors should do their own
research, get professional advice and conduct due diligence
Cash Flow
$6,652
Projected ROI
37%
Performance
Projection
Property Highlights:
- Stone Mountain, GA 30083
- 4 bedrooms, 2.5 baths
- Built in 1977
1 Year Performance Projection
North Atlanta, FGO
Stone Mountain, GA 30083
Built in 1977, 4bd/2.5ba tenant in place
Square Feet 2,200
Initial Market Value $ 99,000
Purchase Price $ 99,000
Downpayment $ 19,800
Loan Origination Fees $ 792
Depreciable Closing Costs $ 2,475
Other Closing Costs and Fixup $ 0
Initial Cash Invested $ 23,067
Cost per Square Foot $ 45
Monthly Rent per Square Foot $ 0.56
Income Monthly Annual
Gross Rent $ 1,250 $ 15,000
Vacancy Losses $ -100 $ -1,200
Operating Income $ 1,150 $ 13,800
Expenses Monthly Annual
Property Taxes $ -140 $ -1,683
Insurance $ -45 $ -544
Management Fees $ -92 $ -1,104
Leasing/Advertising Fees $ -52 $ -625
Association Fees $ 0 $ 0
Maintenance $ -62 $ -750
Other $ 0 $ 0
Operating Expenses $ -392 $ -4,706
Net Performance Monthly Annual
Net Operating Income $ 757 $ 9,093
- Mortgage Payments $ -425 $ -5,101
= Cash Flow $ 332 $ 3,991
+ Principal Reduction $ 97 $ 1,168
+ First-Year Appreciation $ 247 $ 2,970
= Gross Equity Income $ 677 $ 8,130
+ Tax Savings $ 0 $ 0
= GEI w/Tax Savings $ 677 $ 8,130
Mortgage Info First Second
Loan-to-Value Ratio 80% 0%
Loan Amount $ 79,200 $ 0
Monthly Payment $ 425.16 $ 0.00
Loan Type Amortizing Fixed
Term 30 Years
Interest Rate 5.000% 0.000%
Monthly PMI $ 0
Financial Indicators
Debt Coverage Ratio 1.78
Annual Gross Rent Multiplier 7
Monthly Gross Rent Multiplier 79
Capitalization Rate 9.2%
Cash on Cash Return 17%
Total Return on Investment 35%
Total ROI with Tax Savings 35%
Assumptions
Real Estate Appreciation Rate 3%
Vacancy Rate 8%
Management Fee 8%
Maintenance Percentage 5%
Comments
This property was renovated a little over a year ago; has had
the tenant renewed at the end of last year and have been
current every month.
Fantastic neighborhood/home!
*Information is not guaranteed and investors should do their own
research, get professional advice and conduct due diligence
Cash Flow
$3,991
Projected ROI
35%
1 Year Performance Projection
REO Single Family Built in 2000
Indianapolis, IN 46217
*REO Single Family,2000 3BR 2.5BA Loft
Square Feet 1,700
Initial Market Value $ 65,000
Purchase Price $ 65,000
Downpayment $ 16,250
Loan Origination Fees $ 487
Depreciable Closing Costs $ 1,950
Other Closing Costs and Fixup $ 16,220
Initial Cash Invested $ 34,907
Cost per Square Foot $ 38
Monthly Rent per Square Foot $ 0.64
Income Monthly Annual
Gross Rent $ 1,095 $ 13,140
Vacancy Losses $ -87 $ -1,051
Operating Income $ 1,007 $ 12,088
Expenses Monthly Annual
Property Taxes $ -81 $ -975
Insurance $ -67 $ -812
Management Fees $ -80 $ -967
Leasing/Advertising Fees $ -41 $ -500
Association Fees $ -29 $ -348
Maintenance $ -43 $ -525
Other $ 0 $ 0
Operating Expenses $ -344 $ -4,128
Net Performance Monthly Annual
Net Operating Income $ 663 $ 7,960
- Mortgage Payments $ -257 $ -3,095
= Cash Flow $ 405 $ 4,864
+ Principal Reduction $ 61 $ 735
+ First-Year Appreciation $ 216 $ 2,600
= Gross Equity Income $ 683 $ 8,200
+ Tax Savings $ 0 $ 0
= GEI w/Tax Savings $ 683 $ 8,200
Mortgage Info First Second
Loan-to-Value Ratio 75% 0%
Loan Amount $ 48,750 $ 0
Monthly Payment $ 257.99 $ 0.00
Loan Type Amortizing Fixed
Term 30 Years
Interest Rate 4.875% 0.000%
Monthly PMI $ 0
Financial Indicators
Debt Coverage Ratio 2.57
Annual Gross Rent Multiplier 5
Monthly Gross Rent Multiplier 59
Capitalization Rate 12.2%
Cash on Cash Return 14%
Total Return on Investment 23%
Total ROI with Tax Savings 23%
Assumptions
Real Estate Appreciation Rate 4%
Vacancy Rate 8%
Management Fee 8%
Maintenance Percentage 4%
Comments
Great neighborhood in high demand
*Information is not guaranteed and investors should do their own
research, get professional advice and conduct due diligence
prior to investing.
Property Highlights:
- Indianapolis, IN 46217
- 3 bedrooms, 2.5 baths + loft
- Built in 2000
Cash Flow
$4,864
Projected ROI
23%
10. www.JasonHartman.com www.JasonHartman.com Page 7Page 10
Our founder, Jason Hartman, who also serves as host for the podcast
The Creating Wealth Show, likes to take a break from real estate talk
every tenth show and venture off into a variety of topics. In the spirit
of Jason’s vision, we decided to take a look today at exactly what
personality traits go into creating an innovator. You know what we’re
talking about, right? The kind of guy or gal who starts diagramming
new ideas on a cocktail napkin and THEN dives into the nitty-gritty
work of seeing the vision through to fruition.
Can you spy any of the following four personality types in yourself?
1. Movers and Shakers
These are the people with a strong personal drive and who love the
idea of creating a legacy and wielding power over others, which is not
necessarily a bad thing. Most of us could use some direction now and
then. A mover and shaker likes to lead from the front and isn’t averse
to a bit of self-promotion at the end of the day. This personality might
be a bit arrogant and impatient with the shortcomings of others.
2. Experimenters
As might be expected, the experimenter is open-minded and
quite persistent at herding a new idea through the various stages
of development. Passionate workaholics, the experimenter is the
intense guy or gal at work who makes everyone else feel inadequate
about their lack of dedication and puny workload.
3. Star Pupils
The star pupil went from waving his or
her hand at the front of the classroom
to leading the charge in the corporate
boardroom. They seem to be good at
everything from developing their personal
brands to utilizing employees to their best
potential. It’s no big surprise that the star pupil often lands in the
CEO spot.
4. Controllers
The controller is sometimes seen as the opposite of the experimenter.
He likes structure, is uncomfortable with risk, hates nebulous
projects, and loves structure. Since this personality type feels the
need to maintain complete control over matters, they rarely rise
to oversee large corporations but rather find success with a smaller
business of their own.
Of course, it’s nigh near impossible to pigeonhole people into nice,
neat, orderly categories, but bits and pieces of these personality
types pop up often enough to make a few generalizations. The bottom
line is that entrepreneurs tend to exhibit these frequently.
Do You Have an Innovative Personality?
It’s critical that today’s entrepreneur understand the necessity of
adopting a multimedia approach when it comes to developing an
information business. As the social media and global communication
aspects of Web 2.0 continue to kick in, we are beginning to see that
podcasting is not only a good idea – it’s the law. Actually, it isn’t
the law, but it is becoming an indispensable method of reaching new
audiences with your message.
While there are about a million and a half reasons you should seriously
consider launching a podcast, we don’t have space or the patience to
list them all here. You’ll have to settle for eight right now, but after
reading them, we think you’ll agree they’re pretty good ones.
1. Low Cost of Entry
Assuming you already have a computer and high-speed Internet
connection, all you really have to spend to get into podcasting is
twenty bucks for a decent microphone that plugs into the quarter-inch
audio jack on your laptop or desktop. That’s it. Of course, the sky’s
the limit if you want to shell out extra for top-of-the-line equipment,
but that’s not a necessity to produce a professional-sounding podcast.
2. Simple Technology
If you think that it takes a techie or computer geek to figure out how
to record, format, and upload a podcast audio file to the Internet,
you’d be wrong. If you have the wherewithal to navigate to this
website and read this blog, you’ve got what it takes to create and
syndicate a podcast.
3. Indie Has Gone Mainstream
Five years ago, when podcasting first arrived on the scene, it was
occupied by indie-minded early adopters of technology. As with other
new Web 2.0 technologies, it takes a bit of tire-kicking and test
driving before the public decides whether or not to give it the stamp
of approval. Well, consider that the initial indie spirit of podcasting
has officially gone mainstream. Downloads are increasing, as are
advertising dollars and sponsorships – all good news for the future of
the medium.
4. The Asynchronous Advantage
What happens if your favorite terrestrial radio program comes on at
11 a.m. sharp and you happen to be occupied collecting the contents
of your neighbor’s trash can, which your escaped dog conveniently
spilled? Long story short – you miss the show! Not so with podcasting.
The asynchronous nature of the medium means you can listen to the
show any time you want. The span of time that separates recording
and listening can be hours, weeks, months,
or years. With podcasts, you listen on your
schedule, which is a pretty nifty deal in
our humble opinion.
5. Humans Love Multimedia
Most people find audio and video files easier to digest than pages of
text. That explains the enormous popularity of the iTunes podcast
directory, as well as the continuing global phenomenon that is
YouTube. Not to denigrate reading, because, Lord knows, we need to
not forget how to do that, but the simple truth is people like audio
and video.
6. The “Podium Effect”
One of the reasons you got into this speaking business in the first
place was to gain credibility, right? It turns out that podcasting grants
a similar effect to those who do it well. When people can download
your professional-looking and -sounding podcast from the iTunes
directory, their estimation of you arises accordingly. We tend to grant
more legitimacy to the guy or gal behind the podium, and podcasting
acts the same way. More credibility usually leads to more money,
which isn’t half bad.
7. Create a Personal Power Player Network
There’s a hidden benefit to podcasting, especially if you decide to
include interviews with thought leaders in your field as part of the
format. What’s the hidden benefit? Well, it just so happens that you
now have a relationship with that person and, if the interview went
well, could call upon them in the future for another interview and
perhaps even a favor. In our opinion, that’s not half bad either.
8. Become a Thought Leader
While this is somewhat similar to the “podium effect,” it’s not
exactly the same. A thought leader in any industry is a person who
has risen to the top and tends to influence what people think about
certain issues. For example, like him or not, the sitting president is
usually the primary thought leader for the United States. He leads
the conversation in the direction he wants, and people pay attention.
A final thought is this: Like blog entries, podcasts stay around forever,
carrying your message time and time again to an ever-increasing
audience. It’s the gift that keeps on giving.
The Eight Best Reasons to Become a Podcaster
Have you been thinking about investing in
real estate for years, but find yourself still
doing exactly that - thinking rather than
doing? Any of us can choose to make excuses
‘til the cows come home about why we aren’t
moving forward with something we claim to
really, REALLY want, but when resolutions
fail, there are likely three causes. Would
you like to know what they are so you can
get busy living the life you want rather than
dreaming about it?
Specificity
The chance of achieving your resolution rises dramatically when you
create a specific goal. Don’t set out all at once to strike fear in the
heart of Donald Trump when he looks in the rear view mirror. A goal
of “I want a lot of money” is probably destined for certain failure.
Everyone wants a lot of money. If that’s where you’re thinking stops,
you’re in trouble. Maybe someday you will have a checking account
balance to rival everyone’s favorite mogul, but don’t set that as the
initial goal. Shoot for something more specific, like “I would like to
create financial independence through real estate investing in the
next decade.” Or five years. Or whatever. The first goal is too general,
while the second gives you something specific to accomplish within a
defined time frame.
Don’t Be So Extreme
Thinking along the same lines of the example we used above, it’s
usually a mistake to make your ultimate goal the first goal as well.
Rather than resolving to create a real estate empire that makes brave
men cringe, why not go with something doable, like “I want to buy my
first investment property by the end of the year.” The first goal is so
grandiose as to be silly. The second is something almost everyone can
accomplish if they set their minds to it.
Where’s the Plan?
Here’s the big one: You’re not going to see any of your goals come to
fruition without a plan. Lack of planning is the reason so many people
randomly bounce through life like a pinball. You’ve got to have a
plan, then follow it to the end. Break the task down into smaller
projects. In order to buy that first property by the end of the year,
you need to do the following:
1. Locate a great deal on a piece of real estate
2. Find the financing
3. Close the deal
Obviously this is somewhat simplified, but hopefully you get the idea.
Get specific, avoid the extreme, and push through to the end.
Three Reasons Real Estate Investing Resolutions Fail
“Because, you know, resilience - if you think of it in terms of the Gold Rush,
then you’d be pretty depressed right now because the last nugget of gold would be gone.
But the good thing is, with innovation, there isn’t a last nugget.
Every new thing creates two new questions and two new opportunities.”
– Jeff Bezos
11. www.JasonHartman.com www.JasonHartman.com Page 11Page 6
An article recently published by the
International Business Times explored the
potential for problems associated with
aggregate student loan debt. Since the total
student loan debt outstanding exceeds $1
trillion dollars, the scope of the problem
seems immense. When complicated by the
30% of student loans that are 30 or more days
overdue, there appears to be a crisis brewing.
The concern expressed by many is that the
burden of student loan debt will suppress people’s future disposable
income. To many, this presents a dire scenario where future
consumption spending cannot keep growing due to the crushing burden
of student loans. It is complicated by the high rate of unemployment
among recent college graduates, and has led many to believe that
government action is required to “fix” the problem.
The Solution That Isn’t a Solution
When college students gather in protest rallies, they frequently hold
up signs demanding that their student loan debt be forgiven. Since
the overwhelming majority of student loans are underwritten by the
U.S. government, all that this would accomplish (besides delivering
a free ride to people who acted irresponsibly) is to turn $1 trillion
of private debt into $1 trillion of public debt. This sounds great for
people that are either looking for a handout or looking to buy votes
by giving away a handout with government money, but it does nothing
to solve the underlying problem.
By accelerating the government debt problem, it accelerates the
extent to which drastic action must be taken. Many (mistakenly) think
that the pile of student loan debt can be dissipated with additional
taxes on the wealthy. Unfortunately, this strategy has two main
deficiencies. The first is that there aren’t enough wealthy people to
pay the taxes. The second is that most wealthy people hire lawyers
and accountants to reduce their tax burden with (legal) income-
sheltering strategies. The ultimate result is that the government is
unable to tax away its debt and will need to inflate the currency.
Since inflation disproportionately impacts the poor and middle class,
it will ultimately end up coming back to bite the people who were
holding the signs demanding that the government wipe away their
student loans.
The Real Problem
A paper recently published by Georgetown University breaks down
the average earnings and unemployment rates for college graduates
based on the level of education and course of study. It comes as no
surprise that subjects such as education, business, and engineering
all have relatively low rates of unemployment associated with them
and respectable earnings. However, studies in subjects such as social
sciences and the liberal arts have very high rates of unemployment
and relatively low earnings.
Thus, the real problem is not that people carry so much student loan
debt, but that people have chosen to take out large amounts of debt
to finance an education that does not have a significant market value.
Another way of stating the situation is that people who study subjects
like engineering and business do not have a student loan problem.
The reason is because their education prepares them for a career
that allows them to generate an income so that their debts can be
paid off.
The Real Solution
Understanding the real problem is the first step toward a real solution.
The only way for this lingering problem to be solved is for the people
who are under all of this debt to become gainfully employed so that
they can pay their debt back. However, attaining gainful employment
requires that better decisions be made in regard to the course of
study that one pursues in their path of higher education. This is the
only method of dealing with this problem that will not result in a
simple transfer of the burden to somebody else.
The truth is that all choices involve cost. The decision to attend
college is frequently very wise. However, it is highly important to
choose a course of study that is consistent with your long-term career
interests. Studying the arts is fine if you are content with living the
life of an artist. However, if you desire to climb the income ladder,
then you must acquire skills that will allow you to generate value
for an employer that are sufficient to justify a favorable level of
compensation.
Student loan debt is not fundamentally different from any other kind
of debt. It is not good or bad in and of itself…student loans taken out
to acquire skills that allow you to earn a good income to support your
family are a very wise decisions. Loans taken out to finance four years
of partying or a degree that offers no employment prospects are
much more suspicious. All debt is fundamentally neutral in nature.
It only becomes good or bad when paired with an investment that is
good or bad.
Thus, the answer is for more people to make better decisions
regarding what they study. In the larger context, the investments of
time, money, and education we make are what will define whether
any resources we borrow to make those investments were wisely
deployed. Instead of demanding that other people bail us out after
making bad decisions, we should take the opportunity to make better
decisions in the future. Each day is a new chance for us to learn. We
should seize those learning opportunities to make each successive
day more prosperous than the last.
The Real Student Loan Debt Problem
“Invest in places that make
sense so you can afford to live in
places that don’t make sense.”
- Jason Hartman
Forget the institution’s name on your MBA. It
doesn’t have nearly as much to do with your
eventual success in business as whether people
like you or not. Let’s call it the Likability
Quotient, otherwise known as “no one prefers
doing business with a jackass.” The difficulty
in increasing a business’s bottom line through
boosting the personal likability of the owner
and employees is – no big surprise – they
probably don’t even realize there’s a problem.
Most obnoxious people don’t.
Why should likability matter anyway? Well, researchers tell us that
it’s related to trust. In fact, trust is the final step before someone
decides if they like you. The good news is that even if you don’t like
or want to be nice to people, there’s a good chance you’ll be able to
fake it enough to make a difference. Focus on the following areas.
Readily Admit Mistakes
No less a business expert than Steve Jobs, co-founder of Apple and
Pixar, knew the value of owning up to miscues, going on to say,
“Sometimes when you innovate, you make mistakes. It is best to admit
them quickly, and get on with improving your other innovations.”
Stubbornness and rigidity occupy the opposite end of the likability
spectrum. Think about your own life. Do your admissions of mistakes
roughly align with the return of Halley’s comet? Not good, not good.
Keep in mind that confessing a mistake doesn’t have to be a long,
drawn-out ordeal. Say something like, “I was completely wrong about
that. Thanks for pointing it out.” And don’t forget that admitting
you’re wrong means you also have to be willing and able to accept
the consequences without grumbling or whining. Voila – now you’ve
demonstrated honesty and integrity, two other excellent traits when
it comes to likability.
And the Humble Shall Inherit the Earth
Ever get tired of people who don’t brag about themselves
enough? Yeah, we don’t either. This is not to say you can’t state
accomplishments in a matter-of-fact tone during the natural course
of a conversation, but please ditch the braggadocio. It does no good
because people can detect a braggart a mile away, and their B.S.
filter kicks in automatically. Trust us. When you’re good, you don’t
need to tell people about it. They’ll figure it out on their own.
Pay particular attention to censoring your self-aggrandizement in the
context of online marketing. This REALLY doesn’t work. A few tidbits
related to your successes can safely be sprinkled throughout the text
– but tread lightly! Despite what the “gurus” would have you believe,
online marketing should be less aggressive than the traditional kind.
Be Generous with Compliments
We’re not suggesting you walk around dispensing false platitudes.
People will see through that kind of stuff a mile away. The trick is to
pay attention to legitimate opportunities to spread a little goodwill
throughout the normal course of a day. This is powerful stuff. It lets
people know (or at least feel like) you get them. Really get them. In
other words, empathize and commiserate.
Find a Shared Belief or Value
According to the One Minute Sales Person, people don’t buy a
product or service. Instead, they buy the person selling it because of
the way that person makes them feel about the product or service.
We buy from people we like. Makes sense. Think back to recent
buying experiences you might have had which allowed you to choose
between essentially similar products. Did you go with the person you
liked better? Most of us do.
Get Personal
Technology is supposed to bring us closer together, and in a sense it
does, but there’s a good chance it also interferes with your likability.
Think about it. Do you really connect with a potential business partner
or client by email or telephone, or does it work better in person?
Hopefully, you realize the benefit of up close and personal contact.
Social psychologists claim we are more likely to develop a mutually
beneficial relationship with someone we’re in close proximity with,
and this makes sense.
We’ll leave you with this. Except in the cases of trust fund babies, it’s
to your advantage to be liked. Likable people get elected, promoted,
and rewarded. They earn more money, receive better service, and
close the big deal more often. Like it or not, the bottom line is that
being likable pays off in more ways than you can imagine.
Don’t believe us? Give it a shot – an honest shot – and report back to
us.
The Number One Secret to Business Success
“The prudent course is to make an investment in learning, testing, and understanding,
determine how the new concepts compare to how you now operate, and thoughtfully determine
how they apply to what you want to achieve in the future.”
– Dee Hock