Detailed
Compact
Art
Reverse
September 28, 2019
Imagine being a basketball fan. Now imagine growing up and BUYING your hometown’s NBA franchise. Tilman Fertitta is joining us in just a few minutes to talk about his new book, “Shut Up and Listen: Hard Business Truths That will Help You Succeed” In the book he talks about what he did to turn a $6,000 business loan into a billion dollar empires. We discuss success, failure, and what to do in changing economic times.
September 27, 2019
Recently I finished up another eBook, “How to Put Skin in the Game When You are Running Thin on Skin.” In it I show you how to do a real estate deal using none of your own money. I’m not just talking about the occasional “no money down” deal you might come across. I’m talking about doing a full fix and flip with none of your own money. People want to know how I’ve done 700 or more of these, so I wrote the book, telling you how I did it and continue to do it.
September 9, 2019
One of the best books I have EVER read about real estate investing is “Crushing it in Apartments and Commercial Real Estate” by Brian Murray. The book is a complete guide. He leaves nothing out. You must get this book and you really should hear our conversation today.
August 26, 2019
It’s possible to live in one place and invest in many others. Our guest today, Anne Amagrande is doing just that. And with her success she’s creating something she calls the Win-Win-Win Scenario. Along with her team, Anne created a truly unique system designed to create a Win-Win-Win model for Investors, Long term Residents, and locally owned and operated preferred Vendors, all while maintaining a profitable model for her business. Anne's motto: "When everyone wins the world is a better place".
August 24, 2019
Daniil Kleyman is a real estate developer, investor and software entrepreneur out of Richmond, VA. An immigrant from Russia at the age of 12, he worked hard in school, made it into a prestigious university and landed a string of jobs on Wall Street in NY only to realize that working for others, no matter the compensation or prestige, wasn’t for him. He ventured out on his own and hasn’t looked back since.
August 22, 2019
Michael’s an entrepreneur through and through and passionate about helping people become financially free with real estate investing He’s the author of the Amazon bestseller “Financial Freedom with Real Estate Investing” and host of the popular Apartment Buildings Investing Podcast. He’s helped investors purchase 5,000 multifamily units valued at $215M through his content and training programs.
August 21, 2019
We are going to finish up today with part 2 of my new eBook, “Fantastic Deals and Where to Find Them”. The ebook will be available in the Kindle store and as an audio book. But we have some questions piling up I need to get to and of course the news. I’ve also got a little math less review for you that will help us understand some of the data in the news. All of that is coming right up!
August 12, 2019
Our guest today is Dave Robertson, from House Flipping Spreadsheet and FlipperForce. As an Estimator his natural born instinct was to create an Excel spreadsheet to help him analyze deals and estimate rehab costs. He ended up spending thousands of hours building and tinkering with his spreadsheet which is now known today as the House Flipping Spreadsheet. Dave is currently investing his time in a new web-based house flipping software called FlipperForce.
August 10, 2019
Today we are going to help you get inside the mind of an appraiser. Scott Murphy is joining us in a few minutes. Mr. Murphy has been appraising real estate since 1985. In 1993 he earned his SRA designation from the Appraisal Institute – a credential earned by less than 1% of the appraiser population.
August 8, 2019
A little over a year ago while going through the mix of show research I came across a story from a small local newspaper called the Flathead Beacon. So I clicked the link and introduced myself to Kalispell, Montana, population 22,000. The newspaper has a regular real estate column providing us with stats on local sales and the area market. I decided a check-in on Kalispell is one way of keeping my finger on the pulse of the real estate market around the US.
August 5, 2019
Nick Raithel is the creator of the 7-Hour Book. This proven system allows any real estate investor to get their own professionally-published book while spending only 7 hours of their time on it. With the 7-Hour Book, Nick is on a mission to help investors and others in real estate finally get the recognition they deserve.
July 29, 2019
The growth of AirBnB has been phenomenal and it seems that the company founders have handled this explosion well. But it hasn’t been problem free. Neighbors are expressing concern, filing complaints, and working for a ban on the industry. Short term owners are uniting to fight back. Joining me today is Pat Odell, Executive Director of STROAGA. This group was formed to be an advocacy group seeking balance, reason, and respect for property rights in defense of the short term rental industry.
July 27, 2019
Three years ago he was a Management Consultant who wanted to get involved in real estate investing. Two and half years ago he dove in, and now he’s already done 100+ deals and not one of them in the town where he lives. His name is Steven Pesavento and we are going to tell his incredible story today. Stay tuned to find out how he did it and how he’s doing it. Just to prove that Americans do not have a monopoly on stupid ideas, rent controls may be coming to London. I’ll have that story. And much more.
July 26, 2019
He was a Civil Engineer who wanted to be in real estate. So he went right out and bought a multi-family in one of the toughest neighborhoods in town, on a street filled with drug dealers, crime, and decay. But he turned his building around. Then used his influence to turn the street around. All without the use of force, without confrontation, and with dramatically positive results. You have to hear the story today of Al Williams. He’s the author of two books and he's joining us in just a few minutes.
July 20, 2019
One of the best ways to own income producing property is to own multi-family.  Increased Cash Flow Easier Property Management Multifamily Properties Hold Their Value Tax Breaks Better Loan Opportunities Multifamily REITs Demand Projected to Increase Over the next couple of weeks we are going to do some segments on multifamily investing and I have a strong lineup of players coming on the show to talk with me about it.
July 19, 2019
Today we are being joined by Seth Williams of REI Tipster. Seth is a land investor and has a compelling argument for investing simply land. Land can create income as you flip it and passive income as you sell with owner financing. There is a world of possibility awaiting you as you dive in to this topic. Our conversation with him is coming up shortly.
July 10, 2019
A lot ot talk, several books, and valuable minutes of nearly every self-help seminar conducted in the past 10 years have been devoted to the topic of “Knowing Your Why.” It’s a trend for a good reason. It’s important to know your Why and it’s important to get beyond trivial things like “money” and “the stuff you buy with money.” I value and salute the idea of “knowing your Why.” But today I’m going to balance that with not a competing, but complementary idea. “Know Your Why Not.”
July 6, 2019
Show me the MONEY! Of course this is one of the more famous movie lines ever from Jerry Macguire. I know many people get involved in real estate after listening to late night infomercials about “no money down” investing and how you can buy real estate with no credit, none of your own money and so on. These deals do exist but you might have to stumble over 100 good deals to find one. Those 100 deals require some money. And that money can ONLY come from one of two sources: YOU or SOMEONE ELSE.
July 1, 2019
Today we are talking Pittsburgh Pennsylvania in our Market Focus. Coming up we are going to zero in on the Pittsburgh market and I talk to four of the movers and shakers getting it done in Steel City USA. The economy is roaring, the real estate market is hot, home prices are up and continue to increase, everything is looking rosy in Pittsburg. If you have the Flipping America app, you’ll have access to all of our research.
July 1, 2019
Lauren Kingsbury is a current senior at Hampton University.She will be graduating in December 2019; She attained her real estate license at 18 years old and affiliated with Keller Williams Preferred Properties in 2017. Currently, Lauren is a full-time student and a part-time real estate agent; she currently is working full-time real estate for the summer to acquire her first investment property in August of this year.
June 25, 2019
Today we are going to talk about failure. Most of us have been there - especially if you have ever launched your own business. According to Forbes 80% of all new businesses fail within 18 months. This is a bit concerning but it’s not all bad. Some of the greatest businesses and business success stories were built on the ashes of a previous failure.
June 24, 2019
How good is that professional athlete? Well, let’s take a look at his or her stats. What’s the batting average? What’s the shooting percentage? From 3-point range? Free Throws? What’s the yards per carry average. What’s the yards after contact average? What is the average air-speed velocity of an unladen swallow? Be the first person to write in or call with that movie reference and I’ll send you a Starbucks gift card. Today I’m going to BLOW YOUR MIND with a complete set of real estate statist
June 24, 2019
Money isn’t everything. Real Estate isn’t the only thing you need to know about money. As I discussed on the last two shows, true life success is so much more than money. It’s not enough to just create a profitable business. It’s also how you live the rest of your life, connect your work with the people you love, the causes you support, and the life you want to live.
June 12, 2019
Today we are talking about Opportunity Zones. You may have heard about them. You might have even heard they are the next BIG thing in real estate investing. They represent a tax break for real estate investors as an incentive to bring economic development to underserved areas. I had a chance to speak with Jillian Sidoti and Nancy Tegeder of the law firm of Trowbridge and Sidoti out of southern California.
May 31, 2019
A few days ago we got a question from Lamar asking, “What questions should new investors be asking?” We liked the question so much we decided to make an entire episode out of it. We conducted a survey online and got some interesting responses which I will share plus I will weigh in. Here’s why this is important. If you are new, you need to make sure that your first project has the best chance of succeeding. In order to do that, you must engage in risk mitigation. And how do you do that? Ask questions. Ask a lot of them. Don’t be afraid to be new. Everyone was at some point. The question may be obvious, even to you, but ask it if you don’t know or are unsure. Today I’m going to focus on questions that may not be so obvious to you, the newbie, that we all wish we WOULD have asked if we had known. Plus we have news about the world of real estate coming up in just a few minutes. How to contact us www.RogerBlankenship.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Email your questions to questions@rogerblankenship.com. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don’t mind. Announcements: Lunch with me every Wednesday. Baraonda My latest article in Forbes is out. bit.ly/findredeals. The FAN is here! Would you like to invest in the Flipping America projects across the country? Coming soon you will be able to for as little as $100. That’s right, Flipping America is partnering with Ground Floor Funding to create a crowd-funded platform where you can invest in the deals we are doing here. The fund will pay out a 8% preferred rate of return and can go as high as 16%. You can make money with me, the Flipping America Guy. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.   Real Estate News- Local News The biggest mall owner in the US ‘can’t guarantee’ there won’t be more retail wreckage this year https://www.cnbc.com/2019/04/30/us-mall-owner-simon-property-group-reports-first-quarter-2019-earnings.html One of the most valuable malls in America is getting a makeover https://www.cnbc.com/2019/04/30/westfields-garden-state-plaza-mall-is-getting-a-makeover.html Rising rents for Millennials give rise to a new breed of lender https://www.realtor.com/news/real-estate-news/rising-rents-for-millennials-give-rise-to-a-new-breed-of-lender/ CIM Group has announced that its $5 billion development of apartments, offices, hotels and retail at The Gulch will be called Centennial Yards. https://atlantaintownpaper.com/2019/05/real-estate-briefs-gulch-project-named-centennial-yards/ National News Do you consider your home a great investment? https://www.cnbc.com/2019/05/22/do-you-consider-your-home-a-great-investment-think-again.html 26 year old millionaire investor talks about the mistakes he made while buying homes https://www.cnbc.com/2019/05/23/self-made-millionaire-investor-dont-make-the-huge-homebuying-mistake-i-made.html Home sales fell in April despite a big drop in mortgage rates https://www.cnbc.com/2019/05/21/home-sales-fell-in-april-despite-a-big-drop-in-mortgage-rates.html The most splendid housing bubbles in America https://seekingalpha.com/article/4258900-splendid-housing-bubbles-america-april-update International News Real Estate firm names the top cities for risk-seeking investors https://www.cnbc.com/2019/05/01/real-estate-firms-names-the-top-cities-for-risk-seeking-investors.html China-owned tower in New York City reportedly wouldn’t let Amnesty International move in https://www.cnbc.com/2019/05/14/china-owned-nyc-tower-reportedly-blocked-amnesty-international-lease.html Venture Capital flows between China and the US surpass direct investment for the first time https://www.cnbc.com/2019/05/08/venture-capital-flows-between-us-china-surpass-direct-investment.html The Questions new investors ought to be asking: From our friends: Bryan “How do I determine the finished value of my flip home before I begin repairs? Cindy “Could my resources (time, money, skills, etc) produce a better outcome sooner if used elsewhere?” Stewart “How do you quickly determine the cost of repairs to determine if it's a good deal or not? (I'm assuming there's other interest and there's little/no time for due diligence)” Tom: “Why am I doing this? The answer has to be more than ‘make money.’” Victoria: “Do the numbers really work or am I working the numbers?” Jeff: “Am I prepared to lose the money I am investing? Never invest money you can't afford to lose.” Damion: “How do you pull comps if you’re not a realtor?” Pat: “Is there an app that includes both repairs AND comps?” :) From Roger: What type of investment is this? (one time income, cash-flow, appreciation, speculation?) When should I expect to see returns? How liquid is my cash? How could this deal bite me in the fanny? In other words, What are the risks and how are they mitigated? What happens if things get sideways? What are the numbers I need to know and how can I know them? What’s Plan B? Pricing alternative Alternative funding source? Alternative exit strategy? Backup Contractor? What is the pricing trend (rents or sales, depending on your exit plan)? For flips, what is the average DoM for this price range in this area? For rentals, what is the long-term outlook for this neighborhood? Which way is it heading? (the best hoods are those that are immune to value swings) For rentals, how are the schools? For AirBnB, are there any rumblings in local government that threaten this business model? If investing cash in someone else’s deal What is that person’s experience? What is that person’s reputation? Do we have values alignment? Questions Sandra, Kansas City, MO, “How do you get in and see all the properties around the country you and your investors are buying?” Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Motivational Thoughts for the day “It does not matter how slowly you go as long as you do not stop.” - Confucius
May 31, 2019
Jeff is a recovering attorney who spends his time as a real estate investor. Jeff graduated early and with honors from Michigan State College of Law where he was the graduating class speaker. He also holds an M.B.A. At 30 years old, Jeff checked the last item off his personal bucket list by climbing Machu Picchu. He was on top of the world. As he stood looking down at the lost Incan city, he had been living the life of his dreams. He was well travelled, having previously visited the Pyramids in Egypt, climbed to the top of Mt Sinai, swam with sharks in Belize, and backpacked alone around Europe. He was married to the girl of his dreams. He had a beautiful house in the suburbs and a thriving law practice. Two weeks later, he was in the hospital dying. His business was in disarray, his wife was barely holding it together and he was on his way to bankruptcy. Today, at 41 years old, just over a decade later, Jeff is back on top. He is a millionaire, with over 140 residential units in his personal portfolio. He also owns multiple commercial properties. He is still married and continues to travel extensively. He is also co-host of the Old Fashioned Real Estate Show where the hosts drink bourbon old fashioneds and talk about real estate. You can follow him on YouTube and Facebook at Old Fashioned Real Estate or at www.oldfashionedrealestate.com How to contact us www.RogerBlankenship.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Email your questions to questions@rogerblankenship.com. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don’t mind. Announcements: Lunch with me every Wednesday. Baraonda My latest article in Forbes is out. bit.ly/findredeals. The FAN is here! Would you like to invest in the Flipping America projects across the country? Coming soon you will be able to for as little as $100. That’s right, Flipping America is partnering with Ground Floor Funding to create a crowd-funded platform where you can invest in the deals we are doing here. The fund will pay out a 8% preferred rate of return and can go as high as 16%. You can make money with me, the Flipping America Guy. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.   News: Aby Rosen, the real-estate mogul eyeing French eatery for his luxury skyscraper https://nypost.com/2019/05/19/real-estate-mogul-eyeing-french-eatery-for-his-luxury-skyscraper/ IRE Real Assets reported that many leading institutional investors are nearing their portfolio-allocation targets for real estate assets https://therealdeal.com/national/2019/05/19/waning-appetite-worlds-largest-institutional-investors-may-slow-their-real-estate-acquisitions/ 17 Real estate agents reveal the worst parts of their jobs, from the lack of steady income to being on call 24/7 https://www.businessinsider.in/17-real-estate-agents-reveal-the-worst-parts-of-their-jobs-from-the-lack-of-steady-income-to-being-on-call-24/7/articleshow/69388468.cms Austin tops another list as a hot market for first-time home buyers. https://spectrumlocalnews.com/tx/austin/news/2019/05/19/newcomer-s-news--real-estate--new-to-austin-notes Chamber welcomes Berkshire Hathaway Real Estate https://patch.com/massachusetts/reading/chamber-welcomes-berkshire-hathaway-real-estate Real estate brokers can help coordinate closing date with moving date https://www.greensboro.com/life/house-calls-real-estate-brokers-can-help-coordinate-closing-date/article_dd9edc63-f5b6-5cc6-9355-7a926ac76522.html Real estate investors bet on tech hubs to withstand economic downturns https://www.geekwire.com/2019/real-estate-investors-bet-tech-hubs-withstand-economic-downturns-study-finds/ Real estate market in Hamptons is ‘in a rut’ due to new tax law https://www.foxbusiness.com/features/real-estate-market-in-hamptons-is-in-a-rut-due-to-new-tax-law-report-says Real estate sales in Rockingham County saw their highest gains this year during April, a 7.7% increase in single-family home volume and a 4.5% increase in residential condominiums. https://www.fosters.com/homes/20190519/seacoast-sees-april-real-estate-blossom Senate Bill 669, AN ACT RELATING TO TAXATION — REAL ESTATE CONVEYANCE TAX, which would authorize the city of Newport to impose an additional two percent (2%) real estate transfer tax, has been scheduled for a hearing and/or consideration on Tuesday, May 21st. http://whatsupnewp.com/2019/05/bill-that-would-impose-an-additional-two-percent-real-estate-transfer-tax-in-newport-scheduled-for-senate-hearing/ The National Association of Gay and Lesbian Real Estate Professionals (NAGLREP) joins the real estate industry in celebrating the May 17 historic passing of the Equality Act in the House of Representatives. https://rismedia.com/2019/05/19/naglrep-salutes-real-estate-industry-efforts-equality-act-passes-house/ For the first time in a long time, Denver’s bustling real estate market has slowed. The top line: The steep rise in prices is slowing and there are more houses on the market. https://www.cpr.org/news/story/good-news-anxious-home-buyers-denver-real-estate-has-cooled-a-bit Diane Oberhelman inducted into Commercial Real Estate Hall of Fame https://www.eastpeoriatimescourier.com/news/20190518/diane-oberhelman-inducted-into-commercial-real-estate-hall-of-fame Builder and real-estate company combine forces to bring new homes to Butte https://mtstandard.com/lifestyles/builder-and-real-estate-company-combine-forces-to-bring-new/article_d523b486-5b0d-5bc0-a814-454ef9b68449.html Your Questions: Send emails to questions@rogerblankenship.com Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Motivational Thoughts for the day “It does not matter how slowly you go as long as you do not stop.” - Confucius
May 31, 2019
We are going to try and catch up with your questions today. So we will lead with that. Then we have more news than we have time to get to I’m sure. Redfin is in our news segment today and we are going to take a peek at three markets - Minneapolis, Indianapolis, and Boulder, CO in our questions segment and I got asked a couple of really interesting questions in the past week - one of them has to do with my formulas and the rules for investing I’ve developed from them. I get to all of that in a few minutes. How to contact us www.RogerBlankenship.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Email your questions to questions@rogerblankenship.com. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don’t mind. Announcements: Lunch with me every Wednesday. Baraonda My latest article in Forbes is out. bit.ly/findredeals. The FAN is here! Would you like to invest in the Flipping America projects across the country? Coming soon you will be able to for as little as $100. That’s right, Flipping America is partnering with Ground Floor Funding to create a crowd-funded platform where you can invest in the deals we are doing here. The fund will pay out a 8% preferred rate of return and can go as high as 16%. You can make money with me, the Flipping America Guy. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.   News: Redfin is losing money but making up for it in volume? https://www.fool.com/investing/2019/05/16/with-losses-mounting-in-a-hot-real-estate-market-i.aspx CNN is finally reporting on the NAR lawsuit https://www.cnn.com/2019/05/15/economy/real-estate-commissions/index.html https://www.opendoor.com/w/guides/housing-market-trends-2019 Coastal markets will see a decrease, sales will continue upward but slower. Opportunity zones will become a thing...  https://theoofy.com/46532/real-estate-trends-and-housing-market-forecast-2019-what-to-expect-from-housing-and-real-estate-during-2019-fri-may-17/ Because you will do better than 20 or 21. Economy may turn.  https://realestate.usnews.com/real-estate/articles/why-you-should-sell-your-home Rise in interest rates, millenial home buyers, growth of secondary cities, home affordability, opportunity zones, Alan Donenfeld, CityVest  https://www.forbes.com/sites/forbesrealestatecouncil/2019/03/19/five-trends-that-will-impact-real-estate-investing-this-year/#4eee8d951915 https://www.financialsamurai.com/time-to-start-worrying-about-the-housing-market-again/ Aby Rosen, the real-estate mogul eyeing French eatery for his luxury skyscraper https://nypost.com/2019/05/19/real-estate-mogul-eyeing-french-eatery-for-his-luxury-skyscraper/ IRE Real Assets reported that many leading institutional investors are nearing their portfolio-allocation targets for real estate assets https://therealdeal.com/national/2019/05/19/waning-appetite-worlds-largest-institutional-investors-may-slow-their-real-estate-acquisitions/ 17 Real estate agents reveal the worst parts of their jobs, from the lack of steady income to being on call 24/7 https://www.businessinsider.in/17-real-estate-agents-reveal-the-worst-parts-of-their-jobs-from-the-lack-of-steady-income-to-being-on-call-24/7/articleshow/69388468.cms Austin tops another list as a hot market for first-time home buyers. https://spectrumlocalnews.com/tx/austin/news/2019/05/19/newcomer-s-news--real-estate--new-to-austin-notes Chamber welcomes Berkshire Hathaway Real Estate https://patch.com/massachusetts/reading/chamber-welcomes-berkshire-hathaway-real-estate Real estate brokers can help coordinate closing date with moving date https://www.greensboro.com/life/house-calls-real-estate-brokers-can-help-coordinate-closing-date/article_dd9edc63-f5b6-5cc6-9355-7a926ac76522.html Real estate investors bet on tech hubs to withstand economic downturns https://www.geekwire.com/2019/real-estate-investors-bet-tech-hubs-withstand-economic-downturns-study-finds/ Real estate market in Hamptons is ‘in a rut’ due to new tax law https://www.foxbusiness.com/features/real-estate-market-in-hamptons-is-in-a-rut-due-to-new-tax-law-report-says Real estate sales in Rockingham County saw their highest gains this year during April, a 7.7% increase in single-family home volume and a 4.5% increase in residential condominiums. https://www.fosters.com/homes/20190519/seacoast-sees-april-real-estate-blossom Senate Bill 669, AN ACT RELATING TO TAXATION — REAL ESTATE CONVEYANCE TAX, which would authorize the city of Newport to impose an additional two percent (2%) real estate transfer tax, has been scheduled for a hearing and/or consideration on Tuesday, May 21st. http://whatsupnewp.com/2019/05/bill-that-would-impose-an-additional-two-percent-real-estate-transfer-tax-in-newport-scheduled-for-senate-hearing/ The National Association of Gay and Lesbian Real Estate Professionals (NAGLREP) joins the real estate industry in celebrating the May 17 historic passing of the Equality Act in the House of Representatives. https://rismedia.com/2019/05/19/naglrep-salutes-real-estate-industry-efforts-equality-act-passes-house/ For the first time in a long time, Denver’s bustling real estate market has slowed. The top line: The steep rise in prices is slowing and there are more houses on the market. https://www.cpr.org/news/story/good-news-anxious-home-buyers-denver-real-estate-has-cooled-a-bit Diane Oberhelman inducted into Commercial Real Estate Hall of Fame https://www.eastpeoriatimescourier.com/news/20190518/diane-oberhelman-inducted-into-commercial-real-estate-hall-of-fame Builder and real-estate company combine forces to bring new homes to Butte https://mtstandard.com/lifestyles/builder-and-real-estate-company-combine-forces-to-bring-new/article_d523b486-5b0d-5bc0-a814-454ef9b68449.html Your Questions: Send emails to questions@rogerblankenship.com Alaina, Milwaukee “Is there ever an occasion when you go outside of your formulas?” Erica, Atlanta “When you’re new and starting out and you want to partner with someone who has money, how do you know this person is the right person?” Sandy, Jacksonville, “I can’t find a lender who will loan on my first deal. My credit is ok, but I don’t have experience. One lender even told me the deal is fine, but they won’t lend to someone brand new. I’m about to lose my earnest money. What do I do?” Antonio, Boulder, “I’m looking at a house near the university I can pick up for $650,000. It’s a 3/2 1300 sf house. I could put 4 college kids in there for $1000 each. Or I could spend about $80k fixing it up and sell for just under $1mil. What would you recommend?” Lamar, Las Vegas, “I have some questions, but what I’m really wondering are what are the questions I SHOULD be asking?” Nazim, Bloomington, MN, “What should I be looking for in a rental?” Erin, Anderson, IN, “In my area where a decent house can be bought for under 150k, it’s hard to make more than 10-15k on a flip. I hear these stories about people making 80k on a flip and find it hard to believe. But I see their selling prices are higher. Should I be considering doing this somewhere else? Andrea, Atlanta “I’m brand new but really want to do this. What should be my first steps?” Jill, Monroeville, PA “I’m looking at an abandoned house that got partially burned about a year ago. The fire  was just in the kitchen. How should this affect my offer? Do I need a structural engineer or something?” Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Motivational Thoughts for the day “It does not matter how slowly you go as long as you do not stop.” - Confucius
May 31, 2019
Today we are going back to my upcoming book, “Flipping Houses in Ten Days” and I’m going to read Chapter 4: Fund the Deal. What’s the point of finding a deal if you can’t pay for it. But on the other hand, I’m pretty sure that if you find a really good deal, you’ll be able to put together the funding for it or at the very least, get it sold. Why do I say that? Because YOU my friend have access to a powerful resource for wholesaling properties: The FAN, aka the Flipping America Network at flippingamericanetwork.com. You can post it there and if it’s a deal, it WILL get sold. You also, by virtue of the fact that you are listening to me right now, have access to me, your humble Flipping America host. I buy deals still and I know other people across the country who are buying them. I might be able to hook you up with either a lender or a buyer. But that’s beside the point. In Chapter 4 I explain your various options about deal funding, do a bit of the math for you and give you some practical steps to take to get your first deal funded. First I need to finish my answer to an email - I ran out of time on the last show.   How to contact us www.RogerBlankenship.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Email your questions to questions@rogerblankenship.com. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don’t mind. Announcements: Lunch with me every Wednesday. Baraonda My latest article in Forbes is out. bit.ly/findredeals. The FAN is here! Would you like to invest in the Flipping America projects across the country? Coming soon you will be able to for as little as $100. That’s right, Flipping America is partnering with Ground Floor Funding to create a crowd-funded platform where you can invest in the deals we are doing here. The fund will pay out a 8% preferred rate of return and can go as high as 16%. You can make money with me, the Flipping America Guy. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.   News: Redfin is losing money but making up for it in volume? https://www.fool.com/investing/2019/05/16/with-losses-mounting-in-a-hot-real-estate-market-i.aspx CNN is finally reporting on the NAR lawsuit https://www.cnn.com/2019/05/15/economy/real-estate-commissions/index.html https://www.opendoor.com/w/guides/housing-market-trends-2019 Coastal markets will see a decrease, sales will continue upward but slower. Opportunity zones will become a thing...  https://theoofy.com/46532/real-estate-trends-and-housing-market-forecast-2019-what-to-expect-from-housing-and-real-estate-during-2019-fri-may-17/ Because you will do better than 20 or 21. Economy may turn.  https://realestate.usnews.com/real-estate/articles/why-you-should-sell-your-home Rise in interest rates, millenial home buyers, growth of secondary cities, home affordability, opportunity zones, Alan Donenfeld, CityVest  https://www.forbes.com/sites/forbesrealestatecouncil/2019/03/19/five-trends-that-will-impact-real-estate-investing-this-year/#4eee8d951915 https://www.financialsamurai.com/time-to-start-worrying-about-the-housing-market-again/ Your Questions: Send emails to questions@rogerblankenship.com Linda, Jacksonville, FL “This roofer had put on two roofs for me doing the hurricane last year so I trusted him.  He did mention that his company had merge with another and his job function had changed. Because of the previous relationship with my other two rentals didn't think I would get screwed,  The roof that was removed was shingle so the quotes were given on that. The following invoices were sent out first for repairing the roof $4,531.92 (wasn't aware of a repair quote dated 4/2/19,  second invoice 4/3/19 in amount of $5,361.92, third invoice sent 4/11/19 in amount of $11,789.54 & finally invoice no date but received via emails on 4/13/19 after numerous requests for an updated invoice.  Yes the insurance company has all invoices but remember I was told because of the pitch shingles could not be installed. The requirement for shingles is a 2" pitch across entire roof. Yes this is a rental & yes I believe I'm being screwed but I will seek legal advise on this problem.  Any suggestions will be appreciated. Maybe I need to share this roofing company with the group. What do you think? Surely wouldn't like this to happen to anyone else. By the way, the square footage of the home is less than 1200 sq. ft. & my friend got a modified roof installed 4 years ago & his cost was less $7,000 ( I have his receipt).  My friend house was approximately 1400 sq. ft. Thanks again for your interest & help. The charges do seem unreasonable. I’ve used rolled roofing on low pitch roofs and the cost wasn’t much different than shingles. The repairs (I’m assuming the decking) might be legitimate, but this could have been known ahead of time to some extent. Did they get up on the roof to inspect or just use a drone? When I get to a situation like this (I’ve done 900 flips and bought over 200 rentals so far, so I’ve seen a lot unfortunately) I realize none of the options are really pleasant. But here is how I proceed: Is the insurance company going to pay or fight the charges? If they do not want to pay they may help you fight them. Next I try to talk with the decision maker. My part would go like this: "The pitch of the roof was known when you quoted. I expect you to honor your quote, even if you made a mistake. I’ve made mistakes in this business and no one is paying for them but me. I shouldn’t pay for yours. We have a written and signed agreement.” If that doesn’t work here’s my next step: "I belong to a group of investors here that collectively own hundreds of properties. And I’ve been in touch with a nationally syndicated radio show (that would be Flipping America, my show). They know about this situation. Is this how you want me to tell them it ended?” You have to be careful when telling your story. If the company is litigious you may face a lawsuit for slander or libel. But you are permitted to state the facts. If that doesn’t work (and I’m assuming he completed the work): “Ok then, I’m going to honor what we agreed to in writing even if you won’t.” That’s all I say. This is basically inviting them to lien the property. In Georgia if a contractor liens the property they have 1 year to follow through and sue for foreclosure of the lien or it just expires. If you plan to keep the house the worst the can happen is you get to tell this to a judge. 9 times out of 10 the liens just expire because 9 times out of 10 the contractor knows they can’t win. This is personally a bit distasteful for me because I strongly desire to be honorable in all my dealings. But I’ve realized over the years that people will run over me if I let them. So I stopped letting them. Here’s the potential downside. If they have a case and pursue that case, you will have legal expenses and even if you win, you will still have those legal expenses. If they pursue the case within the time limit I would recommend you consider settling at a reduced number. This is not legal advice. Please consult counsel if it comes to that. I’m just making you aware of the practical issue here. Settling is almost always cheaper than paying lawyers to fight it out. Sawyer, Birmingham, AL “I haven’t been able to make it to one of your FlipStarter events but I have some friends who have been and said it was great - they couldn’t believe what they learned for the price of admission. Are you coming to Birmingham or will you be making a video of this available?” Alberto, Houston, TX “What are the ways you advertise a wholesale deal?” Candace, Pittsburgh, PA “I just saw an ad for a duplex in Johnstown PA at a great price. I called the number and cracked up when Flipping America answered the phone. Why would you sell a duplex in Johnstown? And why sell it for $12,000?” Alaina, Milwaukee “Is there ever an occasion when you go outside of your formulas?” Erica, Atlanta “When you’re new and starting out and you want to partner with someone who has money, how do you know this person is the right person?” Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Motivational Thoughts for the day “Everything worth doing is worth doing poorly the first attempt and getting better as you go along” —Gordon Catts
May 15, 2019
FAR 246 Flipping Houses in Ten Days, Ch 3 Expected Air Date: 5/13/19 Opening: We are back to the book today - my upcoming book, “Flipping Houses in Ten Days.” You won’t be flipping a house in just ten days, but it’s ten short chapters. You read one chapter a day for ten days. If you listen to this show regularly you will eventually get the entire book in audio form and here’s a NOT secret for you - if you have the Flipping America app, which is completely free, you will eventually have the entire book. Why am I doing this? It’s all about giving value and providing content. Besides - I’ll need the audio version of the book, so we will have that ready to go in a month or two. Yeah, it’s about efficiency and all that. Today I’m going to read Chapter 3, Analyzing a Deal. You need the skills to analyze any deal or opportunity that comes your way. And as you progress as a business owner you’ll need to translate those analytical skills to different opportunities. We won’t get to that translation step in this chapter but I will tell you every step in analyzing a deal, coming up How to contact us www.RogerBlankenship.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Email your questions to questions@rogerblankenship.com. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don’t mind. Announcements: Lunch with me every Wednesday. Baraonda My latest article in Forbes is out. bit.ly/findredeals. The FAN is here! Would you like to invest in the Flipping America projects across the country? Coming soon you will be able to for as little as $100. That’s right, Flipping America is partnering with Ground Floor Funding to create a crowd-funded platform where you can invest in the deals we are doing here. The fund will pay out a 8% preferred rate of return and can go as high as 16%. You can make money with me, the Flipping America Guy. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.   News: Redfin is testing a feature that will let you offer on properties online.  Sellers accept the offer, pay 2% commission. https://www.theverge.com/2019/5/12/18616888/real-estate-redfin-online-house-purchase-buying-zillow-opendoor Changing moral compass? This is just a new name for an old marketing strategy: Customer focus. https://www.propmodo.com/how-real-estate-is-adjusting-to-our-changing-moral-compass/ https://seekingalpha.com/article/4262968-real-estate-outperforms-rent-inflation-heats https://www.housingwire.com/articles/49020-equifax-sets-aside-nearly-700-million-for-expected-data-breach-payouts https://www.housingwire.com/articles/49017-hud-plan-to-end-public-housing-aid-for-undocumented-immigrants-could-lead-to-evictions-of-55000-children Your Questions: Send emails to questions@rogerblankenship.com Anthony, Alexandria, VA, “Just came across your show. Really cool. Do you ever buy properties in other cities? I want rentals, but everything is too expensive here. What should I look for?” Dorothy, Villages of Ocala, “I like real estate. I’m a retired realtor. I like the house flipping shows and I listen to your show and enjoy it. I don’t want to do all this, but I’d like some income from it. My retirement account is in the stock market and it’s too stressful for me. I’m thinking about putting some of it into real estate. What could I do with maybe $100,000? Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Motivational Thoughts for the day “Everything worth doing is worth doing poorly the first attempt and getting better as you go along” —Gordon Catts
May 10, 2019
Expected Air Date: 5/11/19 Opening: Zillow is changing direction and it could be HUGE. Plus the President has ordered a restructuring of Fannie Mae and Freddie Mac and renewed a huge debate. Do we need them? Can private companies fill the gap? What would mortgage lending look like without them? All that and MUCH more today as we do the news! How to contact us www.RogerBlankenship.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Email your questions to questions@rogerblankenship.com. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don’t mind. Announcements: Lunch with me every Wednesday. Baraonda My latest article in Forbes is out. bit.ly/findredeals. The FAN is here! Hey would you buy me lunch just so you could pick my brain? 32 cents per day. For less than the price of that lunch, just $9.67 per month, you can have a whole month’s worth of my brain pickings by joining the Premium membership. Just go to flippingamericanetwork.com and click on the FAN. On this show I keep a pretty narrow focus on real estate and small business development. But if you subscribe to my FAN premium blog you’ll find out what I think about a wide variety of topics. I will do my best to give you a $10 or $100 idea with every post and I WILL be talking about real estate, but I’m going to weigh in on some other topics as well. Which topics? Whatever interests me. And I have a wide range of interests. Would you like to invest in the Flipping America projects across the country? Coming soon you will be able to for as little as $100. That’s right, Flipping America is partnering with Ground Floor Funding to create a crowd-funded platform where you can invest in the deals we are doing here. The fund will pay out a 8% preferred rate of return and can go as high as 16%. You can make money with me, the Flipping America Guy. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.   News: This is going to be huge. Buy 500 per month and provide lending on 3000 of them. https://www.housingwire.com/articles/48908-zillow-going-all-in-on-mortgage-lending Great idea, but it has to get past the House of Representatives, so it won’t. https://www.housingwire.com/articles/48980-republicans-move-to-abolish-cfpb?utm_campaign=Newsletter%20-%20HousingWire%20Breaking%20Alerts&utm_source=hs_email&utm_medium=email&utm_content=72440255&_hsenc=p2ANqtz--jekYL1bC-R3R0g_U350k9-yGQOv3mBcMeZgTG9T0TNOl1cVzQyJ__0U5x9D7wt6u2-jJJZLzTRqk2sofo8VGl7qPLO-uHVexKbSNwqkRswIKzg0s&_hsmi=72440255 Republicans move to abolish the Consumer Financial Protection Bureau. To read the full text of the bill click here: https://www.housingwire.com/ext/resources/files/Editorial/Documents/20190506_Repeal-CFPB-Act-as-Introduced.pdf Who will win the iBuyer race? https://www.attomdata.com/news/market-trends/the-ever-expanding-ibuyer-footprint/ What do you want to buy? Distressed properties. Here’s where you’re most like to find them: https://www.attomdata.com/news/market-trends/top-markets-with-highest-share-of-distressed-sales-in-q1-2019/ We are restructuring Fannie and Freddie. What’s your take? https://www.realtor.com/news/real-estate-news/fannie-and-freddies-uncertain-future-explained/ https://www.realtor.com/news/real-estate-news/fannie-and-freddies-uncertain-future-explained/ What is the best DAY to sell your home? https://www.attomdata.com/news/market-trends/top-10-best-days-of-the-year-to-sell-a-home/ Where are homeowners selling for maximum gain on their purchase price? https://www.attomdata.com/news/market-trends/figuresfriday/top-markets-with-greatest-seller-gains/ https://www.housingwire.com/articles/48925-hot-or-not-may-whats-trending-in-housing-right-now Your Questions: Send emails to questions@rogerblankenship.com Tressa, PIttsburg, PA “I have a flip property on the market. We kinda ran out of money and some ot the finishes in the project just don’t look that great. And people are noticing. We are getting lookers but no offers. The feedback is about the finishes. Altogether it would take about $10,000 to make everything beautiful, but I don’t have it. In the meantime, I’m running out of money to make the hard money loan payments. I’ve dropped the price to 580, which would mean I break even. What would you recommend?” Maxie, Port St. Lucie, FL, “I love your Property Grade app. What was the thinking behind it?” Anthony, Alexandria, VA, “Just came across your show. Really cool. Do you ever buy properties in other cities? I want rentals, but everything is too expensive here. What should I look for?” Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Motivational Thoughts for the day “Do not wait; the time will never be ‘just right.’Start where you stand, and work with whatever tools you may have at your command, and better tools will be found as you go along.” —George Herbert
May 10, 2019
Expected Air Date: 5/9/19 Opening: As many of you know my mother passed away on April 26th. I’ve been off the air since then and I thank you for your patience as we have run some reruns during that time. Today I want to read to you the tribute I wrote for her and sent out to friends across the country last week. My mother passed away Friday afternoon, April 26, 2019. She had been struggling will illness through most of this year. This week I dedicate this space to my mother and her memory. My mother weighed just over 1 pound when she was born. They didn't have access to incubators so they put her into a warm oven at home. She grew up during the Great Depression, and endured many illnesses in her childhood including one that caused her to miss an entire year of school. She spent that time reading and was so ahead of her class she skipped a couple of grades and graduated at 16. After two years at a Teacher's College she headed to her first job, teaching in a two room schoolhouse in Hudson Colorado. She taught the elementary school. She caught the attention of one of the boys in the high school class, Charles. They could not even pretend to be interested in each other until he graduated. Shortly after his graduation they married. Next month would have been their 70th wedding anniversary. My parents crisscrossed the country following various jobs until they settled in Louisville KY where my Dad started his own construction business. They lived in an airstream travel trailer with my two older brothers until I came along and they decided they needed to get something larger. As Dad's business grew my mother was finally able to pursue her lifelong dream of a degree in library science to become a librarian. She taught me to read by the time I was five and faithfully took my younger sister me to the library regularly. We didn't have a lot of money in those days but mom always scrimped and saved so I would be able to buy a book or two with the book fair came to school (anyone else remember those?). She always knew what book or genre I needed to read next. She loved science fiction and instilled that love in me. It was the same for music. Although she had not studied it, she loved music, loved to listen and loved to sing. She was a walking Arts and Crafts movement. She quilted, knitted, cross-stiched, and latch-hook-rugged her way in their retirement motorhome across America numerous times, to Canada, and even to Alaska. When not traveling, my mother would volunteer in the children's program at her church. She never sought the limelight or a leadership role, content to take attendance and listen to the children recite Bible verses. She faithfully did this over a period of 25 years after they retired. In my last conversation with her we talked about many of these things -- things that had a profound impact on my life yet she barely remembers them. (She had completely forgotten about "Georgie Girl" and me teaching myself the Budweiser theme song on the piano.) But her mind was never unclear about her love for her family, the grands, the great-grands, all the cousins, in-laws, and associated friends and significant others. Her faith in God never wavered. Her trust in his love never faltered. I decided to share an excerpt from a letter with you I sent to her on Mother's Day 2017. Dear Mom, ...I am blessed to have led organizations and touched individual lives. Every big thing and every good thing I have done is because of the unique combination in me of Dad’s “big ideas” mentality combined with the insatiable desire you planted in me to learn and grow. As much as there is any story to my life, it is the story of your influence, your loving guidance, your correction, and support. I am so blessed that you are my Mother. I wish for you a very Happy Mother’s Day. We have an interesting show coming your way today with Mike Ventry of Accuplan. Mike is the Director of Business Development and Marketing. He has over 15 years of experience as a Top Producer in the mortgage banking industry, in the Atlanta area. During his 40+ years in the Atlanta area, he has started, built and sold multiple companies to large national corporations. He has an exceptional background in providing superior customer service and communication to his clients. Mike holds an MLO license with the Federal and State Departments of Banking and Finance. In his current role, he assists new clients and investors by providing them with the education and knowledge to be successful in self-directing their retirement accounts. He regularly teaches a 3 Hour CE class on self-directing for realtors. Mike also is a frequent attendee and guest speaker at real estate (and non-real estate) associations and networking groups in the Atlanta and the South East. Mike has been a contributor as an expert resource for Think Realty Magazine along with many other financial and real estate radio shows and podcasts. How to contact us www.RogerBlankenship.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Email your questions to questions@rogerblankenship.com. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don’t mind. Announcements: Lunch with me every Wednesday. Baraonda My latest article in Forbes is out. bit.ly/findredeals. The FAN is here! Hey would you buy me lunch just so you could pick my brain? 32 cents per day. For less than the price of that lunch, just $9.67 per month, you can have a whole month’s worth of my brain pickings by joining the Premium membership. Just go to flippingamericanetwork.com and click on the FAN. On this show I keep a pretty narrow focus on real estate and small business development. But if you subscribe to my FAN premium blog you’ll find out what I think about a wide variety of topics. I will do my best to give you a $10 or $100 idea with every post and I WILL be talking about real estate, but I’m going to weigh in on some other topics as well. Which topics? Whatever interests me. And I have a wide range of interests. Would you like to invest in the Flipping America projects across the country? Coming soon you will be able to for as little as $100. That’s right, Flipping America is partnering with Ground Floor Funding to create a crowd-funded platform where you can invest in the deals we are doing here. The fund will pay out a 8% preferred rate of return and can go as high as 16%. You can make money with me, the Flipping America Guy. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.   Guest: Mike Ventry, Accuplan Your Questions: Send emails to questions@rogerblankenship.com My name is Carlos from Houston, Texas and I want to get into flipping houses and have some questions as to what I need to be able to get started? 1) Do I need a DBA to start or LLC to protect myself? 2) What type of credit score would I need if any is needed? 3) Do I need a Real Estate License to purchase houses on foreclosure? 4) Could I get directly with a Broker and pay them a percentage to be able to buy houses? Any advise you could give me would be greatly appreciated so I can start my new journey. Tammy from Long Beach, CA “I’ve been offered a small house to own as a rental for $260,000. It’s a steal of a deal - probably worth $300-310,000. It rents for $2200 per momth. My payments including taxes and insurance will be $1723.65. This looks like almost $500 per month in cash flow. My husband listens to your show and based on what he’s heard he doesn’t think this is a good deal. How is this not a good deal?” Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Motivational Thoughts for the day “Do not wait; the time will never be ‘just right.’Start where you stand, and work with whatever tools you may have at your command, and better tools will be found as you go along.” —George Herbert
May 10, 2019
Chapters 7-8 Expected Air Date: 4/25/19 Opening: Today we are going back to my forthcoming book, Flipping Houses in Ten Days. I call it this not because you can flip a house in ten days (at least not now) but because it’s ten short chapters and you can pretty easily read it in ten days. Last week I read chapter 5 on the show and didn’t quite get finished. I still had a couple of pages to go when we ran out of time. But that is by far the longest chapter in the book. To prove that point today I’m going to read TWO chapters. Chapters 7 and 8. Chapter 7 is “Count Your Chickens” and Chapter 8 is “Check Up From the Neck Up.” They are coming up in a minute. How to contact us www.RogerBlankenship.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Email your questions to questions@rogerblankenship.com. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don’t mind. Announcements: Lunch with me every Wednesday. Baraonda My latest article in Forbes is out. bit.ly/findredeals. The FAN is here! Hey would you buy me lunch just so you could pick my brain? 32 cents per day. For less than the price of that lunch, just $9.67 per month, you can have a whole month’s worth of my brain pickings by joining the Premium membership. Just go to flippingamericanetwork.com and click on the FAN. On this show I keep a pretty narrow focus on real estate and small business development. But if you subscribe to my FAN premium blog you’ll find out what I think about a wide variety of topics. I will do my best to give you a $10 or $100 idea with every post and I WILL be talking about real estate, but I’m going to weigh in on some other topics as well. Which topics? Whatever interests me. And I have a wide range of interests. Would you like to invest in the Flipping America projects across the country? Coming soon you will be able to for as little as $100. That’s right, Flipping America is partnering with Ground Floor Funding to create a crowd-funded platform where you can invest in the deals we are doing here. The fund will pay out a 8% preferred rate of return and can go as high as 16%. You can make money with me, the Flipping America Guy. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.   Topic: Flipping Houses in Ten Days, Chapters 7-8 Your Questions: Send emails to questions@rogerblankenship.com Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Motivational Thoughts for the day “Do not wait; the time will never be ‘just right.’Start where you stand, and work with whatever tools you may have at your command, and better tools will be found as you go along.” —George Herbert
May 10, 2019
Expected Air Date: 4/22/19 Opening: The NAR has been sued again! What’s happening with foreclosure rates? Interest rates? Have you heard of the peer-to-peer lending company Prosper? Well, they are in a bit of trouble. I’ll fill you in today. Also today we will learn the areas with the least affordable homes in America, the highest and lowest taxes. I have an important an AirBnB update including the most profitable areas to own AirBnB properties, and where two major metro areas where short-term rentals have been banned. And today we are going to talk about Hempcrete. Yes friends, one day you might look back and say you heard it here first. Hempcrete may be the building material of the future. All that and much more coming to you today as we bring you the information you need to stay informed, stay ahead, and make money in Real Estate. How to contact us www.RogerBlankenship.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Email your questions to questions@rogerblankenship.com. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don’t mind. Announcements: Lunch with me every Wednesday. Baraonda My latest article in Forbes is out. bit.ly/findredeals. The FAN is here! Hey would you buy me lunch just so you could pick my brain? 32 cents per day. For less than the price of that lunch, just $9.67 per month, you can have a whole month’s worth of my brain pickings by joining the Premium membership. Just go to flippingamericanetwork.com and click on the FAN. On this show I keep a pretty narrow focus on real estate and small business development. But if you subscribe to my FAN premium blog you’ll find out what I think about a wide variety of topics. I will do my best to give you a $10 or $100 idea with every post and I WILL be talking about real estate, but I’m going to weigh in on some other topics as well. Which topics? Whatever interests me. And I have a wide range of interests. Would you like to invest in the Flipping America projects across the country? Coming soon you will be able to for as little as $100. That’s right, Flipping America is partnering with Ground Floor Funding to create a crowd-funded platform where you can invest in the deals we are doing here. The fund will pay out a 8% preferred rate of return and can go as high as 16%. You can make money with me, the Flipping America Guy. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.   News: https://www.housingwire.com/articles/48832-nar-slapped-with-second-class-action-lawsuit-to-end-buyer-broker-compensation https://www.cnbc.com/2019/04/22/abu-dhabi-real-estate-law-reforms-are-gaming-changing-developer.html https://www.cnbc.com/2019/04/17/retirees-are-flocking-to-these-3-states-and-fleeing-these-3-states.html https://www.cnbc.com/2019/04/21/billionaire-charlie-munger-praises-this-1-skill-of-warren-buffetts-without-it-you-wont-get-very-far-in-life.html https://www.cnbc.com/2019/04/17/mortgage-purchase-applications-hit-highest-level-in-9-years.html https://www.attomdata.com/news/market-trends/attom-data-solutions-q1-2019-u-s-foreclosure-market-report/ https://www.attomdata.com/news/most-recent/top-10-counties-starting-the-foreclosure-process/ https://www.attomdata.com/news/market-trends/top-10-metros-with-the-lowest-property-tax-rates/ https://www.attomdata.com/news/market-trends/figuresfriday/top-10-counties-with-the-worst-home-affordability/ https://www.realtor.com/news/trends/10-best-cities-to-own-an-airbnb-rental-property/ https://www.realtor.com/videos/video-5-cities-where-home-prices-are-still-going-up-strong/a625912d-0e12-42df-9b87-83a17d458ccf Columbia, SC, Greensboro, NC, Spokane, WA, Birmingham, AL and #1 Chico, CA https://www.realtor.com/advice/buy/what-is-a-hempcrete-house-marijuana/ http://www.americanlimetechnology.com/what-is-hempcrete/ https://www.housingwire.com/articles/48837-fintech-lender-prosper-to-pay-3-million-fine-for-misleading-investors https://www.housingwire.com/articles/48840-hud-announces-new-rules-for-down-payment-assistance-on-fha-mortgages Your Questions: Send emails to questions@rogerblankenship.com Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Motivational Thoughts for the day “Do not wait; the time will never be ‘just right.’Start where you stand, and work with whatever tools you may have at your command, and better tools will be found as you go along.” —George Herbert
May 10, 2019
Chapter 5 Expected Air Date: 4/20/19 Opening Today I’m going to share with you Chapter 5 in my upcoming book, Flipping in Ten Days. How to contact us www.RogerBlankenship.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Email your questions to questions@rogerblankenship.com. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don’t mind. Announcements: Lunch with me every Wednesday. Baraonda My latest article in Forbes is out. bit.ly/findredeals. The FAN is here! Hey would you buy me lunch just so you could pick my brain? 32 cents per day. For less than the price of that lunch, just $9.67 per month, you can have a whole month’s worth of my brain pickings by joining the Premium membership. Just go to flippingamericanetwork.com and click on the FAN. On this show I keep a pretty narrow focus on real estate and small business development. But if you subscribe to my FAN premium blog you’ll find out what I think about a wide variety of topics. I will do my best to give you a $10 or $100 idea with every post and I WILL be talking about real estate, but I’m going to weigh in on some other topics as well. Which topics? Whatever interests me. And I have a wide range of interests. Would you like to invest in the Flipping America projects across the country? Coming soon you will be able to for as little as $100. That’s right, Flipping America is partnering with Ground Floor Funding to create a crowd-funded platform where you can invest in the deals we are doing here. The fund will pay out a 8% preferred rate of return and can go as high as 16%. You can make money with me, the Flipping America Guy. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.   Resources: https://www.cnbc.com/video/2019/04/05/heres-how-investing-in-home-equity-works.html https://www.housingwire.com/articles/48801-zillow-begins-buying-and-selling-homes-in-dallas Your Questions: Send emails to questions@rogerblankenship.com Call 404-369-1018, press 1 and leave your message! Motivational Thoughts for the day "Opportunities don't happen. You create them." -- Chris Grosser
April 8, 2019
FAR 239 Expected Air Date: 4/8/19 Opening Coming up in a few minutes I’m going to have a conversation with a brand new real estate investor Nate and we are going to change things up a bit today. He’s going to interview me. He has my permission to ask me anything. Hopefully he will cover a lot of the things you are interested in, but it’s very possible he will bring up something unexpected. It’s unscripted and he hasn’t provided to me the questions in advance. Should be fun. How to contact us www.RogerBlankenship.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Email your questions to questions@flippingamericanetwork.com. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don’t mind. Announcements: Lunch with me every Wednesday. Baraonda My latest article in Forbes is out. bit.ly/findredeals. The FAN is here! Hey would you buy me lunch just so you could pick my brain? 32 cents per day. For less than the price of that lunch, just $9.67 per month, you can have a whole month’s worth of my brain pickings by joining the Premium membership. Just go to flippingamericanetwork.com and click on the FAN. On this show I keep a pretty narrow focus on real estate and small business development. But if you subscribe to my FAN premium blog you’ll find out what I think about a wide variety of topics. I will do my best to give you a $10 or $100 idea with every post and I WILL be talking about real estate, but I’m going to weigh in on some other topics as well. Which topics? Whatever interests me. And I have a wide range of interests. Would you like to invest in the Flipping America projects across the country? Coming soon you will be able to for as little as $100. That’s right, Flipping America is partnering with Ground Floor Funding to create a crowd-funded platform where you can invest in the deals we are doing here. The fund will pay out a 8% preferred rate of return and can go as high as 16%. You can make money with me, the Flipping America Guy. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.   Resources: https://www.cnbc.com/video/2019/04/05/heres-how-investing-in-home-equity-works.html Your Questions: Cooper, McDonough, GA “How do you keep finding so many deals to buy? I want to buy in my area - Henry County Georgia and there are lots of houses around here, but I can’t find any deals. I’m a licensed realtor and I spend time looking at the MLS nearly every day.” Juanita, Villages of Ocala, FL, “We own several rental properties back in the Raleigh, Durham area that we’ve had for years before we retired. Now we want to sell them. Do you have some ideas about this? We don’t want the new owner to throw out our long-term tenants or raise their rents.” Alex, Las Vegas, “I tried to buy a flip property here. The numbers looked pretty good according to what I’ve heard you and others say. But I can’t find a hard money lender who will loan the money. I have the $50,000 cash I need to do the deal but they are all telling me I don’t have enough experience. How do I get the experience if no one will make the first loan?” Carly, Lancaster, PA “Two questions about rentals. Do you let your tenants paint the interior? And 2. What is your policy regarding pets?” Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Motivational Thoughts for the day "Opportunities don't happen. You create them." -- Chris Grosser
April 8, 2019
FAR 236 Expected Air Date: 3/28/19 Opening The iBuyer Show Grandma’s description of daylight savings time. iBuyers make it look like they are giving a fair offer for your house. I’ll make the same offer. 6-16% fees Must accept contract offer which is contingent upon inspection. Inspection will reveal needed repairs which you can make or further reduce your price. Tell the tuxedo shirt story again. $22 vs $15 shirt. How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: Lunch with me every Wednesday. Baraonda My latest article in Forbes is out. bit.ly/findredeals. The FAN is here! My website is rogerblankenship.com. Hey would you buy me lunch just so you could pick my brain? 32 cents per day. For less than the price of that lunch, just $9.67 per month, you can have a whole month’s worth of my brain pickings by joining the Premium membership. Just go to flippingamericanetwork.com and click on the FAN. On this show I keep a pretty narrow focus on real estate and small business development. But if you subscribe to my FAN premium blog you’ll find out what I think about a wide variety of topics. I will do my best to give you a $10 or $100 idea with every post and I WILL be talking about real estate, but I’m going to weigh in on some other topics as well. Which topics? Whatever interests me. And I have a wide range of interests. March 16-17, FlipStarter, www.flipstarterevent.com. Would you like to invest in the Flipping America projects across the country? Coming soon you will be able to for as little as $10. That’s right, Flipping America is partnering with Ground Floor Funding to create a crowd-funded platform where you can invest in the deals we are doing here. The fund will pay out a 6% preferred rate of return and can go as high as 20%. You can make money with me, the Flipping America Guy. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.   News: https://www.inman.com/2019/02/11/yelp-hides-reviews-pages-for-opendoor-offerpad/ https://www.cnbc.com/2019/03/23/property-taxes-would-have-a-huge-impact-on-chinas-economy-ceo.html https://www.cnbc.com/2019/03/18/these-are-the-best-and-worst-cities-for-first-time-home-buyers.html https://www.realtor.com/news/real-estate-news/trumps-budget/ https://www.cnbc.com/2019/03/22/mortgage-rates-are-breaking-to-new-lower-territory.html https://magazine.realtor/daily-news/2019/03/22/happy-spring-home-sales-post-strong-rebound Your Questions: Carson, Norcross, GA “I’m trying to buy a house that is in foreclosure here in Gwinnett Co. Georgia. The seller is ready to walk away from the house and told me the loan balance is $85k. She accepted my offer of $87k. Now I hear from the lender, a private individual that the actual balance is 97k. The house is worth 220k so I offered the lender 100k in cash. He said ok, but he already paid the attorney to handle the foreclosure and I would need to speak with him. What do you recommend? The property is scheduled for the auction in 1 week. Dena, Lancaster, PA “I am wondering how you rehab those properties you are buying around the country. How do you do a remote rehab?” Madison, Las Vegas, NV “Someone told me that they heard you make exceptions to the MAO rule. What are the exceptions?” Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Motivational Thoughts for the day “Security Is Mostly A Superstition. Life Is Either A Daring Adventure Or Nothing.” – Life Quote By Helen Keller
April 8, 2019
FAR 235 Expected Air Date: 3/21/19 Opening Today I’m going to introduce you to a gentleman who started in this business only three years ago and now is flipping 50 houses a year. He has an incredible story and you will want to be sure to hear it. His name is Scott Sekulow and he’s now known as the “Flipping Rabbi” which is a story I’m going to let him tell you. I’m also going to get his input on the current state of the market. How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. **NEW** We are doing live call-ins on Tuesdays from 10-11. If you’ve wanted to call and speak with me, now you have your chance. Call 404-369-1018, extension 5. Announcements: Lunch with me every Wednesday. Baraonda My latest article in Forbes is out. bit.ly/findredeals. The FAN is here! My website is rogerblankenship.com. Hey would you buy me lunch just so you could pick my brain? 32 cents per day. For less than the price of that lunch, just $9.67 per month, you can have a whole month’s worth of my brain pickings by joining the Premium membership. Just go to flippingamericanetwork.com and click on the FAN. On this show I keep a pretty narrow focus on real estate and small business development. But if you subscribe to my FAN premium blog you’ll find out what I think about a wide variety of topics. I will do my best to give you a $10 or $100 idea with every post and I WILL be talking about real estate, but I’m going to weigh in on some other topics as well. Which topics? Whatever interests me. And I have a wide range of interests. March 16-17, FlipStarter, www.flipstarterevent.com. Would you like to invest in the Flipping America projects across the country? Coming soon you will be able to for as little as $10. That’s right, Flipping America is partnering with Ground Floor Funding to create a crowd-funded platform where you can invest in the deals we are doing here. The fund will pay out a 6% preferred rate of return and can go as high as 20%. You can make money with me, the Flipping America Guy. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.   Guest: Scott Sekulow Your Questions: Shameka, Atlanta, GA “I’m a new wholesaler and I would appreciate if you would give me some guidance as to what experienced investors are looking for.” Brandon, Atlanta, GA “How do you figure out what it’s going to cost to repair the property?” Roberta, Tampa, FL “What is debt service coverage ratio and why is it important? I just got financing rejected by the lender because of this and it’s a property my mentor said would generate good cash flow. I asked the lender and their explanation was technical and I didn’t understand. I asked my mentor and he said it’s not important and I should just go to another lender. I googled it and that really didn’t help either. I’m buying a house for $120,000 and putting $20,000 down. The payment will be $525.20 per month and the rent is $750. It seems like I’m making $200 per month. How can that be wrong?” Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Motivational Thoughts for the day "Don’t take the road less traveled. Don’t take the road more traveled. Find people you want to be like and take the road they took." --Roger Blankenship
April 8, 2019
FAR 234 Expected Air Date: 3/16/19 Opening Coming up today, Hippie decor is back! And someone just paid a record $238 million for a condo - the most expensive home ever bought in America - and it broke the previous record by $100 million. I wonder if he will have avocado green appliances and rattan furniture? We have news, we have data, we have trends, we talk about style (don’t claim to “have” style), we have methods, and we have answers to your questions. Keep sending them to questions at flippingamericanetwork.com for now. We also have some new website lineups for you. Follow what’s going on: RogerBlankenship.com The FAN - FlippingAmericaNetwork.com The Show - FlippingAmerica.us The Fund - DTinvestmentfunds.com Deals, Money, Methods. Just came out of another sold out weekend with FlipStarter. Exciting stuff. Feedback very strong. How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: Lunch with me every Wednesday. Baraonda My latest article in Forbes is out. bit.ly/findredeals. The FAN is here! Hey would you buy me lunch just so you could pick my brain? 32 cents per day. For less than the price of that lunch, just $9.67 per month, you can have a whole month’s worth of my brain pickings by joining the Premium membership. Just go to flippingamericanetwork.com and click on the FAN. On this show I keep a pretty narrow focus on real estate and small business development. But if you subscribe to my FAN premium blog you’ll find out what I think about a wide variety of topics. I will do my best to give you a $10 or $100 idea with every post and I WILL be talking about real estate, but I’m going to weigh in on some other topics as well. Which topics? Whatever interests me. And I have a wide range of interests. . Would you like to invest in the Flipping America projects across the country? Coming soon you will be able to for as little as $10. That’s right, Flipping America is partnering with Ground Floor Funding to create a crowd-funded platform where you can invest in the deals we are doing here. The fund will pay out a 6% preferred rate of return and can go as high as 20%. You can make money with me, the Flipping America Guy. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.   News: https://www.attomdata.com/news/uncategorized/top-10-states-with-the-worst-foreclosure-rate/ https://www.realtor.com/advice/home-improvement/best-throwback-decor-based-on-your-zodiac-sign/ https://www.realtor.com/advice/home-improvement/most-expensive-home-repairs/ https://www.cnbc.com/2019/03/18/times-square-is-about-to-get-a-giant-new-billboard-called-tsx-broadway.html https://www.forbes.com/sites/forbesrealestatecouncil/2019/03/18/11-ways-non-experts-can-keep-up-with-local-housing-trends/#219ba5f2e949 https://www.nytimes.com/2019/03/15/your-money/real-estate-investments.html https://www.nytimes.com/2019/01/24/business/who-is-ken-griffin.html?action=click&module=RelatedCoverage&pgtype=Article&region=Footer Topic: Your Questions: Annalee, Tampa, FL, “How do I find my first deal? I just want to wholesale something.” Get 250 cards Get rid of those cards Get a list of foreclosures. Knock on doors and ask people to sell you their house Check all the FSBO sites, For Sale By Owner, Buy Owner.com, etc. Craigslist, Befriend a realtor, tell her you are looking for distressed properties / situations. Tell everyone you know and everyone you meet you need a house. Hudhomestore.com. Make offers (with your Realtor’s help). Social Media Networking (not with real estate groups) Beverly, Villages of Ocala, FL, “Please explain the 1% rule for rental houses and why that is a good thing.” Austin, Dallas, TX, “When are you bringing FlipStarter to Texas?” Sammy, Milwaukee, WI, “Who is going to win the NCAA Tournament? Just kidding, I have a possible deal, but I need help making sure it’s a good one. I need local advice, but I am afraid that if I show someone local they will just go and do the deal without me. I don’t have it under contract or anything. It’s my uncle’s house. He passed away and now my cousin is selling it. Suggestions?” Joe, Little Rock, Arkansas, “I want to be in real estate, but I don’t want to do house flipping. I just want to put money into something safe with decent returns. What do you suggest?” Brad, Elizabethtown, KY, “What can I do to find more consistent deal flow. This is a small town, but I want to do this full-time.” Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Motivational Thoughts for the day "Obsessing over details like your logo or business card is just a form of procrastination. Your business needs deals MUCH more than it needs a logo." --Roger Blankenship
April 8, 2019
FAR 233 Expected Air Date: 3/14/19 Opening On Tuesday afternoon March 12, 2019, the real estate investing world changed. It was the birth of a project two years in the making. It arrived with barely a whisper but in the coming months and years, the impact of this service will profoundly affect the way buyers and sellers of investment properties will do business. Ladies and gentlemen I give you the Flipping America Network - the FAN! Music intro. From the first Flipping America show two years ago we dreamed of providing for the needs of real estate investors nationwide. As we thought about those needs it came down to three things: Deals, Money, and Methods. So we proceeded to bring you the previous 232 shows focusing on Deals, Money, and Methods, with a little inspiration and business how-to sprinkled in. I started in this business in 2002 and from the day I started until now the biggest challenge has almost always been finding that next deal. I say almost because there was a time in 2008-2010 where there were more opportunities than I had the money and capacity to deliver on. But for the most part it’s always been about finding that next deal to do. So when we launched this show one of the things we started working on behind the scenes was a way to provide for deal flow for our listeners, friends, and fellow investors. The vision was to create an online marketplace where sellers and buyers could meet and do business. I envisioned a kind of multiple listing service for investors. Sellers! Advertise your assignable contracts with pictures of the home Don’t waste your time fiddling with mailing programs and buyers’ lists. Focus on your next deal rather than your selling infrastructure. Buyers! Find your next flip or rental here. Select up to 25 zip codes of interest (not sure of the maximum number) Reserve 48 hour exclusive access to the ZIP code(s) of your choice. Homeowners! Have an unwanted house? Facing foreclosure? Transfer? Inheritance? Other life events leading you to sell the property? Post your home here for free. You will get an offer - perhaps several! The FAN is here! FlippingAmericaNetwork.com. How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: Lunch with me every Wednesday. Baraonda My latest article in Forbes is out. bit.ly/findredeals. The FAN is here! My website is rogerblankenship.com. Hey would you buy me lunch just so you could pick my brain? 32 cents per day. For less than the price of that lunch, just $9.67 per month, you can have a whole month’s worth of my brain pickings by joining the Premium membership. Just go to flippingamericanetwork.com and click on the FAN. On this show I keep a pretty narrow focus on real estate and small business development. But if you subscribe to my FAN premium blog you’ll find out what I think about a wide variety of topics. I will do my best to give you a $10 or $100 idea with every post and I WILL be talking about real estate, but I’m going to weigh in on some other topics as well. Which topics? Whatever interests me. And I have a wide range of interests. March 16-17, FlipStarter, www.flipstarterevent.com. Would you like to invest in the Flipping America projects across the country? Coming soon you will be able to for as little as $10. That’s right, Flipping America is partnering with Ground Floor Funding to create a crowd-funded platform where you can invest in the deals we are doing here. The fund will pay out a 6% preferred rate of return and can go as high as 20%. You can make money with me, the Flipping America Guy. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.   News: https://www.realtor.com/news/real-estate-news/u-s-new-home-sales-rose-december/ https://www.attomdata.com/news/market-trends/figuresfriday/hottest-zip-codes-for-home-flippers/ https://www.realtor.com/news/real-estate-news/states-highest-lowest-mortgage-rates/ https://www.attomdata.com/news/market-trends/figuresfriday/january-2019-foreclosure-filings-see-an-uptick/ Topic: The FAN Your Questions: “What does it cost to create a profile on the FAN?” What are the technology fees? I heard you can reserve a zip code. Tell me how that works. I inherited a house from a cousin who had no children. It’s 800 miles away. I have no desire to do anything with it, other than sell it. I listed it with a realtor but it needs a lot of work and the listing expired. Can I put this property in the FAN? Do you get to see the actual property address for what is being sold? Will I be able to speak with the seller or wholesaler and ask questions? If I list my property on the FAN but still blast it out to my list and sell to someone on my list, do I still have to pay a technology fee? We pay the technology fee at the time we enter into a contract. What if it doesn’t close? Why do I have to provide a copy of my drivers license photo? What are you doing to prevent daisy-chain listings? Your site says “no dummy listings”. What is a dummy listing? How do you prevent them? Do we do the closings virtually through the FAN or go to a settlement agent and do a regular closing? What is a FAN Provider? Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Motivational Thoughts for the day "Don’t take the road less traveled. Don’t take the road more traveled. Find people you want to be like and take the road they took." --Roger Blankenship
April 8, 2019
FAR 232 Expected Air Date: 3/7/19 Opening Darlene Coquerel is is the Founder of The International Real Estate Investors Academy and creator of The Ultimate Foreclosure Formula. She is a real estate trainer and broker in multiple states. She has trained and coached real estate investors and agents for more than 20 years and has a passion for building teams. She teaches wholesaling, flipping, and buy-and-hold strategies. Darlene is the author of an Amazon Best Seller called Game Changers. She also published real estate home study courses and books about buying and selling real estate. Her current business model includes helping families facing foreclosure. In 2013, Darlene brokered a transaction of the largest number of single-family houses in history sold to one buyer for a total contract price of $105 million! In a 10-day contract, her team sold 1,362 houses to a Wall Street hedge fund. In 2014, Darlene’s brokerage was awarded the Platinum Investor Award by Auction.com with acquisitions surpassing $75 million in one year!As a national speaker, author, mentor, and real estate JV partner, Darlene brings expertise and knowhow to the table. She's going to join us in just a moment and you are going to love this conversation! How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: Lunch with me every Wednesday. Baraonda My latest article in Forbes is out. bit.ly/findredeals. The FAN is rolling out very soon. First quarter for sure, possibly within the next six weeks. It’s an online property marketplace for investors. Free to use with a small technology fee when you buy a property. Wholesalers no longer need to build a buyers list. Just log on and a massive buyers’ list is waiting for your property. Rehabbers can look at the deals, the pictures, the information on the property, and make a decision.  You can also reserve your zip code and get 48 hours of exclusive access to all new listings in that zip code. Homeowners - you can list your property in the FAN for free and get an all cash offer very quickly. Hey would you buy me lunch just so you could pick my brain? 32 cents per day. For less than the price of that lunch, just $9.67 per month, you can have a whole month’s worth of my brain pickings by joining the Premium membership. Just go to flippingamericanetwork.com and click on the FAN. On this show I keep a pretty narrow focus on real estate and small business development. But if you subscribe to my FAN premium blog you’ll find out what I think about a wide variety of topics. I will do my best to give you a $10 or $100 idea with every post and I WILL be talking about real estate, but I’m going to weigh in on some other topics as well. Which topics? Whatever interests me. And I have a wide range of interests. Coming up in the next few weeks I’m going to weigh in on the immigration debate, I’ll be talking about the notion that “you shouldn’t listen to what anyone says, just be yourself.” (one of the more misguided ideas of our time). And I’m going to spend a little time talking about how we learn because we should be making that part of our life journey. I’ll tell you the books I’m reading, the thoughts I’m thinking and the way I’m taking my business.All for less than it would cost you to buy me lunch. March 16-17, FlipStarter, www.flipstarterevent.com. Would you like to invest in the Flipping America projects across the country? Coming soon you will be able to for as little as $10. That’s right, Flipping America is partnering with Ground Floor Funding to create a crowd-funded platform where you can invest in the deals we are doing here. The fund will pay out a 6% preferred rate of return and can go as high as 20%. You can make money with me, the Flipping America Guy. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.   News:   https://www.brookings.edu/blog/the-avenue/2019/03/01/oregons-new-rent-control-law-is-only-a-band-aid-on-the-states-housing-woes/   https://www.latimes.com/opinion/editorials/la-ed-oregon-rent-control-newsom-20190301-story.html https://www.nytimes.com/2018/10/12/business/economy/rent-control-explained.html https://www.pewtrusts.org/en/research-and-analysis/blogs/stateline/2018/11/28/rent-control-is-making-a-comeback-but-is-that-a-good-idea https://www.fool.com/investing/2019/02/17/flipping-a-house-heres-what-you-should-worry-about.aspx Your Questions: We are working hard to get our new Fix and Flip Video course finished and out to you. I want to hear from you - what do you want us to make sure we cover? We have a pretty good idea from the questions you send us. But I want to know - are there holes in the training you received? What are they? How can we make this the best Fix and Flip Course available? Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Motivational Thoughts for the day "Don’t take the road less traveled. Don’t take the road more traveled. Find people you want to be like and take the road they took." --Roger Blankenship
April 8, 2019
FAR 231 Expected Air Date: 3/4/19 Opening Just the FAQs We get lots of questions here at Flipping America. I’m sure it’s no surprise to you that we get asked the same question quite a bit. That’s ok! We love hearing from you and want you to continue asking. But today we have combined many of our most oft-asked questions into one show called “Just the FAQs” which we are bringing to you right now! How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: Lunch with me every Wednesday. Baraonda My latest article in Forbes is out. bit.ly/findredeals. The FAN is rolling out very soon. First quarter for sure, possibly within the next six weeks. It’s an online property marketplace for investors. Free to use with a small technology fee when you buy a property. Wholesalers no longer need to build a buyers list. Just log on and a massive buyers’ list is waiting for your property. Rehabbers can look at the deals, the pictures, the information on the property, and make a decision.  You can also reserve your zip code and get 48 hours of exclusive access to all new listings in that zip code. Homeowners - you can list your property in the FAN for free and get an all cash offer very quickly. Hey would you buy me lunch just so you could pick my brain? 32 cents per day. For less than the price of that lunch, just $9.67 per month, you can have a whole month’s worth of my brain pickings by joining the Premium membership. Just go to flippingamericanetwork.com and click on the FAN. On this show I keep a pretty narrow focus on real estate and small business development. But if you subscribe to my FAN premium blog you’ll find out what I think about a wide variety of topics. I will do my best to give you a $10 or $100 idea with every post and I WILL be talking about real estate, but I’m going to weigh in on some other topics as well. Which topics? Whatever interests me. And I have a wide range of interests. Coming up in the next few weeks I’m going to weigh in on the immigration debate, I’ll be talking about the notion that “you shouldn’t listen to what anyone says, just be yourself.” (one of the more misguided ideas of our time). And I’m going to spend a little time talking about how we learn because we should be making that part of our life journey. I’ll tell you the books I’m reading, the thoughts I’m thinking and the way I’m taking my business.All for less than it would cost you to buy me lunch. March 16-17, FlipStarter, www.flipstarterevent.com. Would you like to invest in the Flipping America projects across the country? Coming soon you will be able to for as little as $10. That’s right, Flipping America is partnering with Ground Floor Funding to create a crowd-funded platform where you can invest in the deals we are doing here. The fund will pay out a 6% preferred rate of return and can go as high as 20%. You can make money with me, the Flipping America Guy. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.   Topic, Just the FAQs: I've seen the TV shows and I think I would enjoy this as a side hustle I have money but no experience. Where do I start? I have money experience and own my own contracting business. Where do I get started? Recently I got an email or a comment we actually is a comment online from someone who said I work 70 hours a week and I'm broke. And so this is just a pipe dream. I'm a handyman but don't have a lot of cash I have a friend who has cash and has offered to buy a property if I'll fix it up we've agreed to split the profit but her art are not sure what the split should be. What are the top few recommendations for getting started in this business? How do I find money to invest in a property? What's the difference between hard money and private money the source is. How do I find a good contractor? Your Questions: We are working hard to get our new Fix and Flip Video course finished and out to you. I want to hear from you - what do you want us to make sure we cover? We have a pretty good idea from the questions you send us. But I want to know - are there holes in the training you received? What are they? How can we make this the best Fix and Flip Course available? Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Motivational Thoughts for the day "Don’t take the road less traveled. Don’t take the road more traveled. Find people you want to be like and take the road they took." --Roger Blankenship
March 21, 2019
FAR 230 Expected Air Date: 2/16/19 Opening Our guest today joined the Marines out of high school, then went to Purdue University where he completed a degree in Accounting. While in college he started acquiring rental properties. He’s had some setbacks which you will hear about in a few minutes but today he owns $30 MILLION dollars worth of real estate and he coaches others in the process. What I really appreciate about Mark Dolfini is his thoughtfulness in having you begin your real estate endeavors by first thinking about your life. This is more than your “why”. It’s a process he calls VIP and if you can get your brain wrapped around this, I think it can make a huge difference in your investing career. His name is Mark Dolfini and he will be with us in a few minutes.  How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: Lunch with me every Wednesday. Baraonda My latest article in Forbes is out. bit.ly/findredeals. The FAN is rolling out very soon. First quarter for sure, possibly within the next six weeks. It’s an online property marketplace for investors. Free to use with a small technology fee when you buy a property. Wholesalers no longer need to build a buyers list. Just log on and a massive buyers’ list is waiting for your property. Rehabbers can look at the deals, the pictures, the information on the property, and make a decision.  You can also reserve your zip code and get 48 hours of exclusive access to all new listings in that zip code. Homeowners - you can list your property in the FAN for free and get an all cash offer very quickly. Hey would you buy me lunch just so you could pick my brain? For less than the price of that lunch, just $9.67 per month, you can have a whole month’s worth of my brain pickings by joining the Premium membership. Just go to flippingamericanetwork.com and click on the FAN. On this show I keep a pretty narrow focus on real estate and small business development. But if you subscribe to my FAN premium blog you’ll find out what I think about a wide variety of topics. I will do my best to give you a $10 or $100 idea with every post and I WILL be talking about real estate, but I’m going to weigh in on some other topics as well. Which topics? Whatever interests me. And I have a wide range of interests. Coming up in the next few weeks I’m going to weigh in on the immigration debate, I’ll be talking about the notion that “you shouldn’t listen to what anyone says, just be yourself.” (one of the more misguided ideas of our time). And I’m going to spend a little time talking about how we learn because we should be making that part of our life journey. I’ll tell you the books I’m reading, the thoughts I’m thinking and the way I’m taking my business.All for less than it would cost you to buy me lunch. March 16-17, FlipStarter, www.flipstarterevent.com. Would you like to invest in the Flipping America projects across the country? Coming soon you will be able to for as little as $10. That’s right, Flipping America is partnering with Ground Floor Funding to create a crowd-funded platform where you can invest in the deals we are doing here. The fund will pay out a 6% preferred rate of return and can go as high as 20%. You can make money with me, the Flipping America Guy. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.   Guest: Mark Dolfini Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Motivational Thoughts for the day "Things work out best for those who make the best of how things work out." --John Wooden
March 21, 2019
FAR 229 Expected Air Date: 2/14/19 Opening The House Whisperer Bookmark this show folks, I’m going to give away some of my secret sauce. The number one topic of the strategy and consulting calls we do is Deal Flow. Where can I find the next deal? I get at least 10,000 properties a month into my inbox. Stay tuned - I’m going to show you how. Master the stuff I’m going to talk about today and you will like a professional Deal Trainer - they will come to you on command. Sit, Stay, do tricks - Deals will be all around you. You’ve heard me make the preposterous claim that I get 10,000 deals into my inbox and frankly I had never really added them up - until yesterday. Someone asked me to prove it. So I took an hour yesterday and added up the deals that had come in JUST THIS WEEK so far (yesterday was Wednesday). The number was 19,925. Now here’s the important part: I have 11 deal sources and at the moment I’m only using three of them. There’s no point expending the effort on the other sources right now. But I’m going to share them all with you today because I use at least one method not really available to you. Hey, who said life is fair? How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: Lunch with me every Wednesday. Baraonda My latest article in Forbes is out. bit.ly/findredeals. The FAN is rolling out very soon. First quarter for sure, possibly within the next six weeks. It’s an online property marketplace for investors. Free to use with a small technology fee when you buy a property. Wholesalers no longer need to build a buyers list. Just log on and a massive buyers’ list is waiting for your property. Rehabbers can look at the deals, the pictures, the information on the property, and make a decision.  You can also reserve your zip code and get 48 hours of exclusive access to all new listings in that zip code. Homeowners - you can list your property in the FAN for free and get an all cash offer very quickly. Hey would you buy me lunch just so you could pick my brain? For less than the price of that lunch, just $9.67 per month, you can have a whole month’s worth of my brain pickings by joining the Premium membership. Just go to flippingamericanetwork.com and click on the FAN. On this show I keep a pretty narrow focus on real estate and small business development. But if you subscribe to my FAN premium blog you’ll find out what I think about a wide variety of topics. I will do my best to give you a $10 or $100 idea with every post and I WILL be talking about real estate, but I’m going to weigh in on some other topics as well. Which topics? Whatever interests me. And I have a wide range of interests. Coming up in the next few weeks I’m going to weigh in on the immigration debate, I’ll be talking about the notion that “you shouldn’t listen to what anyone says, just be yourself.” (one of the more misguided ideas of our time). And I’m going to spend a little time talking about how we learn because we should be making that part of our life journey. I’ll tell you the books I’m reading, the thoughts I’m thinking and the way I’m taking my business.All for less than it would cost you to buy me lunch. March 16-17, FlipStarter, www.flipstarterevent.com. Would you like to invest in the Flipping America projects across the country? Coming soon you will be able to for as little as $10. That’s right, Flipping America is partnering with Ground Floor Funding to create a crowd-funded platform where you can invest in the deals we are doing here. The fund will pay out a 6% preferred rate of return and can go as high as 20%. You can make money with me, the Flipping America Guy. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.   Topic: Make the Deals Come to You. Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Motivational Thoughts for the day "It always seems impossible until it’s done" -Nelson Mandela
February 11, 2019
Feb 9, 2019 “The best thing about any higher education is learning how to learn.” Do you want to grow, develop, and improve throughout your life? I’m pretty sure you do, which is why you are reading this right now. I’m asking you today to commit now to a lifetime of learning. If you were one of those who hated school, please don’t think I just sentenced you to a lifetime of boredom. Learning is SO much different than most of what we experienced in school (unfortunately) and is SO much more interesting. So why is school so boring? There’s no simple explanation, but I think it has a lot to do with quantification of progress. That is, we need to know whether the students are learning, and the most objective way to assess this is to test rote memory. That makes it easy to compare the progress of children across a school district or a state but is a measure of only the lowest level of learning. Enter Bloom’s Taxonomy of the Cognitive Domain (He also developed similar taxonomies for the Affective and Psycho-motor domains, but those are topics for a different day). Here’s a handy chart, courtesy of Jessica Shabatura and uark.com: Think of this like a layer cake. Everything up top rests on the lower levels. You need those in order to be able to experience the higher frosting-to-cake ratios at the upper level. (You know that cake is just a hand-held device that allows you to shove icing into your mouth, right?) The lowest level, “remember” is the easiest to test for and everything else is built on that. It is a simple recall of the facts. Memorizing anything means repetition and this can get tedious. This is where kids start tuning out. But if one does not master at least a good number of the facts, they will be lost when the teacher attempts to move to higher levels of learning. Don’t worry about school any more (unless you are IN school of course). Let’s just focus on getting to the higher levels. Let me give you a real estate example: Remember: You can recall all of the data points we collect when developing comparable sales, e.g. bedroom bathroom count, square footage, year built, distance from subject, and so on. Understanding: You know that if the houses fit most of the criteria but one has a half bath or some other minor difference it can still be counted, perhaps with an adjustment. Apply: You use this information to gather a list of potential properties as comps and arrive at a value for the subject. Analyze: Working with your ARV you just developed, you use another combination of knowledge, understanding, and application to develop a repair estimate. Then you plug into a formula to decide whether this property is one to pursue. Evaluate: Using criteria important to you (such as the Property Grade App), you can compare properties with each other to choose from a pool of qualified candidates based on your capacity, your financial position and other external factors. Create: Using all of these skills, you create systems to speed the analysis of multiple properties and scale your business. Note that not every process follows this hierarchy precisely because the types of problems we solve can vary significantly. It is also important to note that you cannot operate at the higher levels without some mastery of the lower levels. If you are struggling to understand something, go back to the previous level and honestly ask whether you have master it. You can’t evaluate or create without a solid understanding of the facts, which also means you have to know some facts. A general cannot devise a battle plan without some knowledge of the history of warfare strategy and tactics. A Congressperson may wish to provide a good life for all, but without any knowledge or sense of the 20th century, may propose policies of socialism that echo the policies of totalitarian regimes that led to two world wars and the loss of more than 100 million lives. Ok, that’s this week’s political pot-shot. Moving on. So you really do want to learn. And you want to get beyond mere knowledge to the higher levels of thinking. We don’t all learn the same way. Some people do fine with auditory learning. They listened well in school, took notes, behaved in class, studied those notes, and did well on the low level exams. There is almost no correlation between their success in the classroom and success in life afterwards. Life isn’t about remembering something for a test. Life is about taking what you know, combining with other stuff you know, and solving the problem in front of you. Many people are NOT auditory learners, but do better with visual input (they might be readers or watchers -- this is me). Other are kinetic learners - they prefer to learn in a more hands on way. They will dive in, take something apart and figure it out. These last two groups tend to be either bored or lost at school and many times end up hating it. But their chances for  “success in life” are every bit as high as the auditory learners. Recently the scholarly literature has started debunking this notion of styles of learning because they can’t find strong evidence to prove anyone is inherently wired to learn one way or another. I’m aware of that research but point out that they are making conclusions based on the absence of evidence which is shaky logical ground. I also would point out that whether or not it’s genetically coded, people clearly DO develop learning preferences. I’d like for you to know yourself. This includes understanding how you learn. I for one don’t do as well listening to books on tape. Why? I’m a visual learner. When I’m listening to the book, I’m usually unable to NOT be doing something else and guess what? If I’m answering email while listening to a book, I’m not remembering what the speaker said. I know I know, it’s a little sad I even try. When I read, the text has my attention as almost much as anything else ever has. I’m not going to say my TOTAL attention, but I do get pretty engrossed in what I’m reading sometimes. If it’s good enough I won’t hear people talking to me, I won’t hear my phone, I might forget to eat. That’s just me. You are likely different. Once you understand how you learn, go with it. Fortunately today there are limitless ways to spoon knowledge into your melon. Listen, read, do - it matters not. You can find a way to learn what you need. Just PLEASE DO NOT allow any negative experiences from your school days to keep you from the beautiful quest for knowledge, beauty, wisdom, understanding, and truth. Resources on this subject http://psychlearningcurve.org/learning-myths-vs-learning-facts/ https://www.webtools.ncsu.edu/learningstyles/ https://poorvucenter.yale.edu/LearningStylesMyth http://sourcesofinsight.com/five-thinking-styles/ https://cft.vanderbilt.edu/guides-sub-pages/blooms-taxonomy/ https://en.m.wikipedia.org/wiki/Bloom%27s_taxonomy https://tips.uark.edu/using-blooms-taxonomy/ Books from this past week: PrayerBook, by Ari Wajnberg. Yes friends, OUR Ari. I get the sense that this touching story is somewhat autobiographical. It’s a powerful message of understanding, acceptance, and a desire for lasting peace. The book tells a relatable and gripping story but weaves the message of peace throughout. Peace within, peace with families, peace between religions, peace between countries. Good stuff. You should get it and read it. The Hero Factor, Jeffrey Hayzlett with Jim Eber. The writers advocate a corporate culture where the people in the company are valued as much as the clients, the stakeholders, and the bottom line. Their view is this not only benefits the employees, but the company is stronger as well. I like the title and the premise but didn’t find anything groundbreaking new information here. Mindfulness, Mark Williams and Danny Penman. There’s a lot of buzz about mindfulness these days with surprisingly contradictory research that show that mindfulness may not improve focus or performance. But that’s not what this book is about. It’s about using the concepts of mindfulness to consciously improve your focus and move you toward unpleasant tasks or relationships. The authors provide a framework of 8 weeks of meditations that should do the trick. I haven’t decided whether to give it a try, but 8 minutes a day to improve my ability to get things done would be a good trade. If I try it I’ll keep you posted. $10 Tip: Resist the shiny object syndrome. Master one technique before branching out to others. It’s better to grow and scale the one technique than to get stuck trying to do too many things. But always keep your eyes open because opportunities are everywhere and constantly changing. The “thing” you’re doing will no doubt change over time and you need to be ready to adapt with the times. Until next time,
February 11, 2019
FAR 228 Expected Air Date: 2/11/19 Opening The 2019 Trend Report It’s possible there are two destinations in front of you - the place you want to be, and the place the market is heading.The general market direction is due to a variety of forces, none of which are in your control. But what if it is going in a different direction? What if the opportunity lies in an area beyond your expertise? What if your success strategy is based on certain market fundamentals but the market is behaving differently or perhaps even the opposite way for your plan to succeed?  In some ways your success in life and business is to find a path to your own ultimate destination that rides along with the market forces that are outside of your control. Over the past few years if you have been a single family fix and flip investor and your strategy has been to buy anything in the hot area even if your margins are thin, relying on price increases to make your money, you will find that in 2019 this game is up. Starting now, or actually six months ago, you MUST buy them right - no fudging on the margins - or you will rue the purchase day on sale day. If you are a passive investor in a REIT that owns malls and retail space, you’ve done well over several years, but the last couple of years have been a kick in the pants. Do you hang in there, knowing that the American retail market is bound to bounce back (and paying attention to the fact that many successful online retailers are now opening brick and mortar stores?). My point here is simple and it is this: For continued success, you need to pay attention to trends and respond appropriately. Today we are going to talk about the trends we expect in residential and commercial real estate for 2019 and before the show is over, I’m going to make some suggestions about how to respond to trends in general and these trends in particular. So hang on folks... How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: Lunch with me every Wednesday. Baraonda The FAN is rolling out very soon. First quarter for sure, possibly within the next six weeks. It’s an online property marketplace for investors. Free to use with a small technology fee when you buy a property. Wholesalers no longer need to build a buyers list. Just log on and a massive buyers’ list is waiting for your property. Rehabbers can look at the deals, the pictures, the information on the property, and make a decision.  You can also reserve your zip code and get 48 hours of exclusive access to all new listings in that zip code. Homeowners - you can list your property in the FAN for free and get an all cash offer very quickly. Hey would you buy me lunch just so you could pick my brain? For less than the price of that lunch, just $9.67 per month, you can have a whole month’s worth of my brain pickings by joining the Premium membership. Just go to flippingamericanetwork.com and click on the FAN. On this show I keep a pretty narrow focus on real estate and small business development. But if you subscribe to my FAN premium blog you’ll find out what I think about a wide variety of topics. I will do my best to give you a $10 or $100 idea with every post and I WILL be talking about real estate, but I’m going to weigh in on some other topics as well. Which topics? Whatever interests me. And I have a wide range of interests. Coming up in the next few weeks I’m going to weigh in on the immigration debate, I’ll be talking about the notion that “you shouldn’t listen to what anyone says, just be yourself.” (one of the more misguided ideas of our time). And I’m going to spend a little time talking about how we learn because we should be making that part of our life journey. I’ll tell you the books I’m reading, the thoughts I’m thinking and the way I’m taking my business.All for less than it would cost you to buy me lunch. First Thursdays, Join us tonight at 7:30 pm on Facebook live for free. Next up, Deonna Britt, founder of LawClerk on Demand March 16-17, FlipStarter, www.flipstarterevent.com. It’s called the GMS Planner. GMS stands for Goals, Milestones, and Steps. It’s a system I developed for my own use several years ago and after listening to my friends and business associates tell me I should be selling it, we started producing it for the help and benefit of others. Would you like to invest in the Flipping America projects across the country? Coming soon you will be able to for as little as $10. That’s right, Flipping America is partnering with Ground Floor Funding to create a crowd-funded platform where you can invest in the deals we are doing here. The fund will pay out a 6% preferred rate of return and can go as high as 20%. We have some hoops to jump through at the SEC, which is not open right now but it can’t stay closed forever, right? Once the government reopens we will be about 60 days from launch of this new venture. You can make money with me, the Flipping America Guy. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.   News: https://money.usnews.com/investing/real-estate-investments/slideshows/8-trends-real-estate-investors-should-be-watching?slide=6 https://www.bisnow.com/national/news/commercial-real-estate/commercial-real-estate-trends-to-dominate-in-2019-95890 https://www.forbes.com/sites/alyyale/2018/12/06/2019-real-estate-forecast-what-home-buyers-sellers-and-investors-can-expect/#73fd5aab70d9 https://magazine.realtor/daily-news/2018/11/29/5-millennial-real-estate-trends-in-2019 Topic: The Trendy RE Investor Trends: Home Prices up, but not as quickly. Mortgage rates rise, only slightly. Millenials are the majority of buyers. The RE Market is not going to crash. Opportunity Zones E-Commerce in Real Estate is a non-impact conversation piece - STILL. E-Commerce for everything else will continue to drag down retail space. Construction Costs are on the rise Technology for RE will continue to improve. Senior Living Communities will increase. E-Commerce will create more demand for warehouse space. Smart and multi-level. Online retailers will continue to open brick and mortar stores. Foreign investor demand for US properties will increase. Institutional investors are heading to secondary and tertiary markets for yield. This usually happens before a recession. Grocery chains will move further online. Office Spaces stable, shared or co-working spaces continue to be popular. WeWork will not show a profit. The Amazon HQ losers will see economic benefit from the competition. US hotels will break occupancy records in 2019. Expected to be up 66.2% this year, the 10th consecutive year of growth. In general: Go where the buyers are; Sell what the buyers want; You’re not an artist, you’re a manufacturer; The market will not conform to your wishes or hopes. You conform to it. Specific for 2019: Legal and financial disclaimer Millenials are buying homes and want walkable suburbia. Let’s develop it, or focus there. Study areas saturated with single family investors and ask, “Where will they go from here?” Get there second. Early bird gets the worm, second mouse gets the cheese. Watch for the opportunity to invest in medical office space in the caribbean. Rich people are going to get the medical care they want. When they can’t get it in the US they will go where they need to. You may not like it, but why waste energy protesting? Make money accommodating the market demands. Find a use for abandoned malls and strip shopping centers and you will cash in HUGE. Here’s a hint - employment opportunities for the newly relocated millenials. Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Motivational Thoughts for the day "It always seems impossible until it’s done" -Nelson Mandela
February 11, 2019
FAR 227 Expected Air Date: 2/9/19 Opening Are we in a Bubble? How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: Lunch with me every Wednesday. Baraonda The FAN is rolling out very soon. First quarter for sure, possibly within the next six weeks. It’s an online property marketplace for investors. Free to use with a small technology fee when you buy a property. Wholesalers no longer need to build a buyers list. Just log on and a massive buyers’ list is waiting for your property. Rehabbers can look at the deals, the pictures, the information on the property, and make a decision.  You can also reserve your zip code and get 48 hours of exclusive access to all new listings in that zip code. Homeowners - you can list your property in the FAN for free and get an all cash offer very quickly. Hey would you buy me lunch just so you could pick my brain? For less than the price of that lunch, just $9.67 per month, you can have a whole month’s worth of my brain pickings by joining the Premium membership. Just go to flippingamericanetwork.com and click on the FAN. On this show I keep a pretty narrow focus on real estate and small business development. But if you subscribe to my FAN premium blog you’ll find out what I think about a wide variety of topics. I will do my best to give you a $10 or $100 idea with every post and I WILL be talking about real estate, but I’m going to weigh in on some other topics as well. Which topics? Whatever interests me. And I have a wide range of interests. Coming up in the next few weeks I’m going to weigh in on the immigration debate, I’ll be talking about the notion that “you shouldn’t listen to what anyone says, just be yourself.” (one of the more misguided ideas of our time). And I’m going to spend a little time talking about how we learn because we should be making that part of our life journey. I’ll tell you the books I’m reading, the thoughts I’m thinking and the way I’m taking my business.All for less than it would cost you to buy me lunch. First Thursdays, Join us tonight at 7:30 pm on Facebook live for free. Next up, Deonna Britt, founder of LawClerk on Demand Jan 31, BnB Formula Webinar March 16-17, FlipStarter, www.flipstarterevent.com. It’s called the GMS Planner. GMS stands for Goals, Milestones, and Steps. It’s a system I developed for my own use several years ago and after listening to my friends and business associates tell me I should be selling it, we started producing it for the help and benefit of others. Would you like to invest in the Flipping America projects across the country? Coming soon you will be able to for as little as $10. That’s right, Flipping America is partnering with Ground Floor Funding to create a crowd-funded platform where you can invest in the deals we are doing here. The fund will pay out a 6% preferred rate of return and can go as high as 20%. We have some hoops to jump through at the SEC, which is not open right now but it can’t stay closed forever, right? Once the government reopens we will be about 60 days from launch of this new venture. You can make money with me, the Flipping America Guy. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.   News: https://www.foxbusiness.com/markets/how-to-spot-a-real-estate-bubble Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: Marcia: i have a lot under contract. There is a house on it but it needs to be torn down. It’s a good ways out of town but the comps are in the 300’s in that area. How should I market it? DeAndre: I have an opportunity to buy out another investor. They paid 125k in cash for the property. Fired their contractor midway through the project. Now they are discouraged and just want to be rid of it, but they will finance it to me. It takes 55 to fix it, which I will use my own cash to do. Comps are around 250-275. What are your thoughts about taking over someone else’s deal like this? Motivational Thoughts for the day "It always seems impossible until it’s done" -Nelson Mandela
February 4, 2019
FAR 226 Brian Dally, Ground Floor Funding Expected Air Date: 2/2/19 Opening A little over a year ago we asked everyone in our group what were their biggest needs in their real estate investing work. They were: Deals Money to do the deals. Help, advice, mentoring for the opportunities they were considering. You spoke -- we heard you. As you may have heard, the Flipping America Network is about to be released in the wild. This is the Buying platform for real estate investors nationwide. Post your property in the FAN and it will be seen by hundreds (we hope thousands) of investors including possibly someone in your zip code. My dream is that one day anyone can jump into the FAN and find a deal. The FAN connects real estate investor buyers with actual properties (no dummy listings). The FAN allows wholesalers to post their properties. There’s no need to build buyers lists, and maintain mailing list programs. Focus on deal flow. The FAN allows homeowners to list their home for sale providing a direct connection to cash buyers. Buyers can reserved 48 hour exclusive access to their favorite ZIP codes. So that’s deal flow. How about the money? At this moment, there are literally billions of dollars available to real estate investors. Just in my Atlanta network we get contacted by a new hard money source nearly every week. It is NOT difficult to find. However, it can be a challenge to afford. Wait, if I’m borrowing the money for a project, what is there to afford? First you have to make a downpayment, usually 10-20% of the purchase price. Then you have to pay the loan origination fees up front. On just an average loan this can be $25,000. You will probably have to keep three months of payments in your bank account so that could be another 6-10 thousand. And you have to make those monthly payments. So how many of these can you do at one time? For most people it’s ONE. If they can afford anything that’s all they can afford. That means if you hustle and finish in six months you can do two projects in one year. If you make 40k in each deal after expenses, it’s a decent year. But I bet you’re not ready to quit your day job yet. Enter the Flipping America Fund, working with DT Investments. We are looking nationwide for qualified operating partners who choose to become a part of our family and access funding for their deals. In short -- we put up the money -- you do the work -- and we split the profit. If you have the contracting and management capacity, there is virtually no limit to the number of deals you can do. Your net take away from each deal may be less, but suppose it’s 30 thousand instead of 40. And suppose you can do ten deals a year instead of 2. I think you see the advantage. This opportunity isn’t for just anyone. We have to be persuaded that you are a good fit with us. You’ll need to demonstrate proficiency in flipping. Although designed for experienced and effective investors, There is a possibility we will fund newer people as well, but there will be more hoops to jump through and possibly a training requirement. This funding model has always been a part of our vision here at Flipping America but we have been rolling it out carefully, slowly, and with many tweaks to the program while operating at a small scale. We believe we are ready now to scale this and it’s about to happen. My guest today is Brian Dally, co-founder of Ground Floor Funding. Ground Floor is an innovative crowd-funded platform that allows passive investors the opportunity to be involved in the activity of people flipping houses. It’s a cool platform and you can make good returns on your money there. We will talk about Ground Floor and it’s operations, but in the second segment of our interview, Brian and I are going to announce one of the biggest developments in the history of Flipping America - a joint venture project. In about three months you will be able to go onto Ground Floor’s website and invest in the Flipping America fund, which will spread your investment over a number of projects being completed by our Flipping America Operators nationwide. And as we split the profits with our Operators, this return will create a dividend for you. Stay tuned and you’ll hear about this incredible opportunity. How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: Lunch with me every Wednesday. Baraonda The FAN is rolling out very soon. First quarter for sure, possibly within the next six weeks. It’s an online property marketplace for investors. Free to use with a small technology fee when you buy a property. Wholesalers no longer need to build a buyers list. Just log on and a massive buyers’ list is waiting for your property. Rehabbers can look at the deals, the pictures, the information on the property, and make a decision.  You can also reserve your zip code and get 48 hours of exclusive access to all new listings in that zip code. Homeowners - you can list your property in the FAN for free and get an all cash offer very quickly. Hey would you buy me lunch just so you could pick my brain? For less than the price of that lunch, just $9.67 per month, you can have a whole month’s worth of my brain pickings by joining the Premium membership. Just go to flippingamericanetwork.com and click on the FAN. On this show I keep a pretty narrow focus on real estate and small business development. But if you subscribe to my FAN premium blog you’ll find out what I think about a wide variety of topics. I will do my best to give you a $10 or $100 idea with every post and I WILL be talking about real estate, but I’m going to weigh in on some other topics as well. Which topics? Whatever interests me. And I have a wide range of interests. Coming up in the next few weeks I’m going to weigh in on the immigration debate, I’ll be talking about the notion that “you shouldn’t listen to what anyone says, just be yourself.” (one of the more misguided ideas of our time). And I’m going to spend a little time talking about how we learn because we should be making that part of our life journey. I’ll tell you the books I’m reading, the thoughts I’m thinking and the way I’m taking my business.All for less than it would cost you to buy me lunch. First Thursdays, Join us at 7:30 pm on Facebook live for free. Next up, Deonna Britt, founder of LawClerk on Demand Jan 31, BnB Formula Webinar March 16-17, FlipStarter, www.flipstarterevent.com. My calendar hit Amazon this week. It’s called the GMS Planner. GMS stands for Goals, Milestones, and Steps. It’s a system I developed for my own use several years ago and after listening to my friends and business associates tell me I should be selling it, we started producing it for the help and benefit of others. Now for the really big announcement. Would you like to invest in the Flipping America projects across the country? Coming soon you will be able to for as little as $10. That’s right, Flipping America is partnering with Ground Floor Funding to create a crowd-funded platform where you can invest in the deals we are doing here. The fund will pay out a 6% preferred rate of return and can go as high as 20%. We have some hoops to jump through at the SEC, which is not open right now but it can’t stay closed forever, right? Once the government reopens we will be about 60 days from launch of this new venture. You can make money with me, the Flipping America Guy. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.   Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: Zeke, Baltimore, MD. “I went to your website to look at the inexpensive houses you’ve talked about and there is only one house there. Will you be getting more? Is this going to continue?” Annalie, Centralia, IL , “I saw you have a house in Du Quoin, about 45 miles away from here. I want to know how you, in Atlanta, GA found a house in Du Quoin, IL. And why would you buy it? I’m just curious.” Stanley, Villages of Ocala, FL “I’m always interested in low priced properties and like the cheap houses, but how do you make repairs on a house hundreds of miles away, and how do you look after the tenants?” Allison, Pittsburgh, PA, “I researched a couple of the houses you had on the site before they were sold off. You’re asking 10,000 and they are only worth $25-30k and they need work. It doesn’t seem like the numbers add up for a flip property.” Buck, Macon GA “What minimum credit score should the people have in these inexpensive houses for me to sell to them? And how do I find that out?” Madison, Milwaukee, PA “How do you collect the payment for these inexpensive houses? Do they mail a check? I’m imagining the hassle of dealing with returned checks over long distances, etc. It makes me uneasy.” Motivational Thoughts for the day "People often say that motivation doesn't last. Well, neither does bathing -- that's why we recommend it daily." -Zig Ziglar
February 4, 2019
FAR 225 Adam Adams Expected Air Date: 1/31/19 Opening Today we are going to talk a bit about apartments. Our guest is Adam Adams from Denver, CO. Adam is going to talk about how you can buy an apartment complex with very little of your own money. He’s also going to talk about how you can participate in a project even if you have no experience.   How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: Lunch with me every Wednesday. Baraonda The FAN is rolling out very soon. First quarter for sure, possibly within the next six weeks. It’s an online property marketplace for investors. Free to use with a small technology fee when you buy a property. Wholesalers no longer need to build a buyers list. Just log on and a massive buyers’ list is waiting for your property. Rehabbers can look at the deals, the pictures, the information on the property, and make a decision.  You can also reserve your zip code and get 48 hours of exclusive access to all new listings in that zip code. Homeowners - you can list your property in the FAN for free and get an all cash offer very quickly. Hey would you buy me lunch just so you could pick my brain? For less than the price of that lunch, just $9.67 per month, you can have a whole month’s worth of my brain pickings by joining the Premium membership. Just go to flippingamericanetwork.com and click on the FAN. On this show I keep a pretty narrow focus on real estate and small business development. But if you subscribe to my FAN premium blog you’ll find out what I think about a wide variety of topics. I will do my best to give you a $10 or $100 idea with every post and I WILL be talking about real estate, but I’m going to weigh in on some other topics as well. Which topics? Whatever interests me. And I have a wide range of interests. Coming up in the next few weeks I’m going to weigh in on the immigration debate, I’ll be talking about the notion that “you shouldn’t listen to what anyone says, just be yourself.” (one of the more misguided ideas of our time). And I’m going to spend a little time talking about how we learn because we should be making that part of our life journey. I’ll tell you the books I’m reading, the thoughts I’m thinking and the way I’m taking my business.All for less than it would cost you to buy me lunch. First Thursdays, Join us at 7:30 pm on Facebook live for free. Next up, Deonna Britt, founder of LawClerk on Demand Jan 31, BnB Formula Webinar March 16-17, FlipStarter, www.flipstarterevent.com. My calendar hit Amazon this week. It’s called the GMS Planner. GMS stands for Goals, Milestones, and Steps. It’s a system I developed for my own use several years ago and after listening to my friends and business associates tell me I should be selling it, we started producing it for the help and benefit of others. Now for the really big announcement. Would you like to invest in the Flipping America projects across the country? Coming soon you will be able to for as little as $10. That’s right, Flipping America is partnering with Ground Floor Funding to create a crowd-funded platform where you can invest in the deals we are doing here. The fund will pay out a 6% preferred rate of return and can go as high as 20%. We have some hoops to jump through at the SEC, which is not open right now but it can’t stay closed forever, right? Once the government reopens we will be about 60 days from launch of this new venture. You can make money with me, the Flipping America Guy. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.   News: Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Motivational Thoughts for the day Success is not final, failure is not fatal: it is the courage to continue that counts. – Winston Churchill
February 4, 2019
FAR 224 Tom Zeeb Expected Air Date: 1/28/19 Opening Great show coming up today. We are going to be joined in a moment by Tom Zeeb, a Washington DC investor with a true rags to riches story.  15 years ago Tom was broke as a joke. A near-death experience while rafting pushed him to find a new way to break free of his 9-to-5 job. Real estate investing saved him. Both personally and financially. Hundreds of deals later, he is happy to share the same techniques that set him free, so you can do the same. How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: Lunch with me every Wednesday. Baraonda The FAN is rolling out very soon. First quarter for sure, possibly within the next six weeks. It’s an online property marketplace for investors. Free to use with a small technology fee when you buy a property. Wholesalers no longer need to build a buyers list. Just log on and a massive buyers’ list is waiting for your property. Rehabbers can look at the deals, the pictures, the information on the property, and make a decision.  You can also reserve your zip code and get 48 hours of exclusive access to all new listings in that zip code. Homeowners - you can list your property in the FAN for free and get an all cash offer very quickly. Hey would you buy me lunch just so you could pick my brain? For less than the price of that lunch, just $9.67 per month, you can have a whole month’s worth of my brain pickings by joining the Premium membership. Just go to flippingamericanetwork.com and click on the FAN. On this show I keep a pretty narrow focus on real estate and small business development. But if you subscribe to my FAN premium blog you’ll find out what I think about a wide variety of topics. I will do my best to give you a $10 or $100 idea with every post and I WILL be talking about real estate, but I’m going to weigh in on some other topics as well. Which topics? Whatever interests me. And I have a wide range of interests. Coming up in the next few weeks I’m going to weigh in on the immigration debate, I’ll be talking about the notion that “you shouldn’t listen to what anyone says, just be yourself.” (one of the more misguided ideas of our time). And I’m going to spend a little time talking about how we learn because we should be making that part of our life journey. I’ll tell you the books I’m reading, the thoughts I’m thinking and the way I’m taking my business.All for less than it would cost you to buy me lunch. First Thursdays, Join us at 7:30 pm on Facebook live for free. Next up, Deonna Britt, founder of LawClerk on Demand Jan 31, BnB Formula Webinar March 16-17, FlipStarter, www.flipstarterevent.com. My calendar hit Amazon this week. It’s called the GMS Planner. GMS stands for Goals, Milestones, and Steps. It’s a system I developed for my own use several years ago and after listening to my friends and business associates tell me I should be selling it, we started producing it for the help and benefit of others. Now for the really big announcement. Would you like to invest in the Flipping America projects across the country? Coming soon you will be able to for as little as $10. That’s right, Flipping America is partnering with Ground Floor Funding to create a crowd-funded platform where you can invest in the deals we are doing here. The fund will pay out a 6% preferred rate of return and can go as high as 20%. We have some hoops to jump through at the SEC, which is not open right now but it can’t stay closed forever, right? Once the government reopens we will be about 60 days from launch of this new venture. You can make money with me, the Flipping America Guy. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.   Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: Cecilia, Conyers, GA. I'm new to real estate, it has been a long time dream to invest in real estate. I currently own a duplex (owner occupied) and the other unit is vacant since November 2018. My dilemma is where to begin with financing. My credit is in the 600s but my debt to income ratio is too high to add anything else to my credit as far as a personal loan. I've lived here for a yr, I do not know if I have any equity in the home to do a HELOC. Which leads to my first question. Who besides from a bank would offer a loan to do repairs on my unit so I can rent it out quickly? The AC unit went out, painting of entire unit (3 bd/2.5ba unit), the stairs seem unstable, the front and back yard need grading/leveling, and a small patch or replacement of a short walkway is needed. Also, the water line on my side needs replacing. I learned some hard lessons about tenants and partial payments. The tenant left owing about $4,000 in past rent. I need an attorney that can keep me safe as a landlord and also keep me informed on what I can and can not do. A good lease agreement is needed. What attorneys, tax advisers, contractors, plumbers, painters, real estate agents, inspectors, etc. do you recommend to be a part of my team? I need this support system. Send me the list of your 29 questions to ask potential team members. The tenant left items in the unit, how long do I need to legally hold them? I've contacted her and let her know she can come get them but no response. Her mail still comes to the unit. I did not officially evict her we simply did not renew the lease. I want to be free and  clear from this tenant and move on to do this landlord thing the right way or find a good property manager that will. I feel like I did not do enough due diligence when I purchased this property however, I have the property and want to make the best of it. The neighborhood is not the greatest and would love to move once I build my reserve back up. I depleted most of my assets to obtain the duplex. My interest is to buy and hold rentals. I believe one more duplex in my portfolio would be good before purchasing a single family to move into. This will allow me to pay down debt and build my cash reserves. Any suggestions or need to know info would be greatly appreciated. Millicent, Jacksonville, FL “What is the weirdest house you’ve ever bought?” Motivational Thoughts for the day "People often say that motivation doesn't last. Well, neither does bathing -- that's why we recommend it daily." -Zig Ziglar
February 4, 2019
FAR 223 Lorraine Beato Expected Air Date: 1/24/19 Opening What a show we have lined up for you today. There is SO much going on here at Flipping America I could probably fill the hour just updating you, but I’m going to try and keep it brief because we have a great guest here today, one of Atlanta’s most prolific investors and realtors, Lorraine Beato. With over 25 years in the industry starting with Merrill Lynch in mortgaged-backed securities trading and then as a realtor, appraiser, and investor both nationwide and internationally - Lorraine knows how to navigate the sometimes complex and intricate waters of real estate. In an ever changing industry, you need to have someone on your side who understands all facets. Her renovation in Europe was featured in the January 2018 Think Realty Magazine - International Renovation Rockstars and she has had listings featured on HGTV's House Hunters. 2018 Think Realty Single Family Investor of the Year Nominee 2018 Who's Who in Atlanta Real Estate Nominee 2017 Who's Who in Atlanta Real Estate Nominee How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: Lunch with me every Wednesday. Baraonda The FAN is rolling out very soon. First quarter for sure, possibly within the next six weeks. It’s an online property marketplace for investors. Free to use with a small technology fee when you buy a property. Wholesalers no longer need to build a buyers list. Just log on and a massive buyers’ list is waiting for your property. Rehabbers can look at the deals, the pictures, the information on the property, and make a decision.  You can also reserve your zip code and get 48 hours of exclusive access to all new listings in that zip code. Homeowners - you can list your property in the FAN for free and get an all cash offer very quickly. Hey would you buy me lunch just so you could pick my brain? For less than the price of that lunch, just $9.67 per month, you can have a whole month’s worth of my brain pickings by joining the Premium membership. Just go to flippingamericanetwork.com and click on the FAN. On this show I keep a pretty narrow focus on real estate and small business development. But if you subscribe to my FAN premium blog you’ll find out what I think about a wide variety of topics. I will do my best to give you a $10 or $100 idea with every post and I WILL be talking about real estate, but I’m going to weigh in on some other topics as well. Which topics? Whatever interests me. And I have a wide range of interests. Coming up in the next few weeks I’m going to weigh in on the immigration debate, I’ll be talking about the notion that “you shouldn’t listen to what anyone says, just be yourself.” (one of the more misguided ideas of our time). And I’m going to spend a little time talking about how we learn because we should be making that part of our life journey. I’ll tell you the books I’m reading, the thoughts I’m thinking and the way I’m taking my business.All for less than it would cost you to buy me lunch. First Thursdays, Join us at 7:30 pm on Facebook live for free. Next up, Deonna Britt, founder of LawClerk on Demand Jan 31, BnB Formula Webinar March 16-17, FlipStarter, www.flipstarterevent.com. My calendar hit Amazon this week. It’s called the GMS Planner. GMS stands for Goals, Milestones, and Steps. It’s a system I developed for my own use several years ago and after listening to my friends and business associates tell me I should be selling it, we started producing it for the help and benefit of others. Now for the really big announcement. Would you like to invest in the Flipping America projects across the country? Coming soon you will be able to for as little as $10. That’s right, Flipping America is partnering with Ground Floor Funding to create a crowd-funded platform where you can invest in the deals we are doing here. The fund will pay out a 6% preferred rate of return and can go as high as 20%. We have some hoops to jump through at the SEC, which is not open right now but it can’t stay closed forever, right? Once the government reopens we will be about 60 days from launch of this new venture. You can make money with me, the Flipping America Guy. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.   Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: Ed, Atlanta, GA (from the CDM Lunch). I’ve been approached by someone who wants me to partner with them on a project. They have secured a loan from a hard money lender and are putting about 40,000 cash into it. He needs 20,000 for 2 months and is willing to pay me $5,000 for it. Vet the Person Vet the deal. ARV Rehab Budget How can you only need it for 2 months? What’s the plan? Promissory Note Security Deed recorded in 2nd position. Some HM lenders do not allow. Ask if he has other free and clear collateral to put up. Or execute a JV agreement. Warren, Atlanta, GA (from CDM lunch). I have a 6 bedroom house in a subdivision, but it’s larger than anything else in the subdivision. What do I do for comps? Motivational Thoughts for the day “Everything You’ve always wanted is on the other side of fear.” George Addair
January 23, 2019
FAR 222 “House Flipping is Dead”   Expected Air Date: 1/21/19 Opening “House Flipping is Dead! Long live Flipping Houses!” Have you ever wondered about that phrase, “The King is dead - long live the king!”? The first time I heard it I must have been in middle school (we called it Junior High School back then) watching a movie. Aside from the apparent contradiction,which is actually a literary device known as epanalepsis, I figured it probably had something to do with declaring the next guy king. It turns out I was right. It started with the French in the 1400’s and spread throughout Europe as a way to provide stability in the kingdoms and avoid civil war after the death of a monarch. It’s like saying “Charles VI is dead, long live Charles VII.” But that doesn’t roll off the tongue in the same way does it? So today I’m proclaiming that House Flipping is Dead. And at the same time I’m saying “Long Live Flipping Houses.” I’m not the official real estate coroner so this is just my opinion, but we are at what could be a crisis-point in residential real estate investing. The real estate markets are cooling off. Sales all along the west coast experienced double digit drops in the last half of last year when compared to the prior year. Averages days on market is on the rise all across the country. Interest rates more than doubled last year. The tax cuts of 2017 took their toll on the sales of houses priced at $750,000 and up. The slow down is dramatic. In the midst of all of this the major real estate gurus are raking in tens of millions of dollars while pushing out thousands of freshly “trained” real estate investors into the marketplace. (You can’t see this, but I used air quotes around the word “trained”.) These investors are competing for a product pool that is drying up, driving up prices, reducing and sometimes eliminating profits. They have just spent 30-50,000 for their training and believe they have to buy something - anything to justify that expense and get them started into their dream career. Wholesalers see what is happening and are more than willing to prey on their naivete, asking for and receiving enormous fees for flipping paper. All of this frenzied activity is focused on a market that is receding, making opportunities for genuine profit slim indeed. Because of tightened lending requirements beginning back in 2010, foreclosure rates today are at an all-time low. While this seems like good news, it means there are fewer distress sales for the house flippers. So congratulations to the home-owners and to the vultures waiting for failures we say “see ya pal - better luck next time.” Higher prices, fewer opportunities, longer days on market, bigger rehabs in older houses, permitting difficulties with municipalities, inexperienced and unqualified individuals gumming up the works for the true professionals in the field, and hedge funds that continue to pay too much for any property that fits their buying criteria combine to create a big mess. In the next few months, many of these new investors will run out of time and money, give up, close up shop, and slink away to lick their wounds. Some will turn to social media and blame their gurus. A crisis is coming and it is unavoidable. Those who don’t know what they are doing will be out -- no matter what they spent on their so-called training. Wholesalers who know nothing about what they are doing will be gone. The naive and uniformed will be gone. What will remain are a few knowledgeable people who didn’t need the gurus in the first place and a bunch of con men, waiting for the next crop of easy marks. This is why I have today proclaimed that “House Flipping is Dead.” Long Live Flipping Houses! If you’re thinking that previous section doesn’t sound like me, you are probably correct. All I have done is put all of the “sky is falling” messages into one place for your convenience. And I point out -- you can find evidence to support whatever viewpoint you choose ahead of time. If you are willing to engage in selective interpretation you can make almost any illusion seem like reality. The fact is, everything I just told you is a fact. The only thing I don’t believe is that house flipping is dead. The house flipping of the past five years probably IS dead - and it needs to go ahead and pass on. But that House Flipping method was born only in about 2012. The previous House Flipping died around that time, but it had only been born in 2008. The House Flipping I knew died in 2007. So in my short 17 years in this business I’ve seen House Flipping, as we knew it then, die and be re-born at least twice. This will be the third time. But don’t worry - it will be back. We believe writing was invented about 6000 years ago in ancient Babylonia. Two weeks later someone wrote down the details of a real estate transaction. A month after that, the first property flip in history occurred. OK, I’m a little fuzzy on the precise dates of those transactions of course, but my point is, real estate investing has been around for as long as anyone has been keeping written records, and probably thousands of years before. Much of the history of humanity has been centered around the acquisition of real estate. It’s nothing new and it will never go away. I’ve heard a Native American idea that we do not own the earth any more than a flea owns the dog it is living on. I love the perspective of this and appreciate the truth of it. At best we are stewards of our little slice of ground. But if we are wise, we can turn that little slice that we momentarily control into something that can provide for our families, create opportunity for the employment of others, and perhaps leave a legacy after we are gone. So we may not “own” the ground in reality or in metaphysical reality, but in the eyes of the guys with the big guns (our government), we have a right to prosper from the land we hold. So let’s be about holding what we can. How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: Lunch with me every Wednesday. Baraonda The FAN is rolling out very soon. First quarter for sure, possibly within the next six weeks. It’s an online property marketplace for investors. Free to use with a small technology fee when you buy a property. Wholesalers no longer need to build a buyers list. Just log on and a massive buyers’ list is waiting for your property. Rehabbers can look at the deals, the pictures, the information on the property, and make a decision.  You can also reserve your zip code and get 48 hours of exclusive access to all new listings in that zip code. Homeowners - you can list your property in the FAN for free and get an all cash offer very quickly. Jan 23, Privy Webinar Jan 31, BnB Formula Webinar March 16-17, FlipStarter, www.flipstarterevent.com. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.   News: https://rismedia.com/2019/01/17/2019-real-estate-trends/ https://www.myhighplains.com/news/studio-4/2019-real-estate-trends/1683555231 https://www.postandcourier.com/business/real_estate/charleston-real-estate-trends-to-watch-for-in/article_5078d4c4-0abc-11e9-9dee-af83f67d8333.html https://www.globest.com/2018/12/26/three-2018-real-estate-trends-gaining-momentum-in-2019/?slreturn=20190021082035 https://www.realtor.com/news/trends/bathroom-design-fails-instagram-photos/ Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: Motivational Thoughts for the day “Everything You’ve always wanted is on the other side of fear.” George Addai
January 18, 2019
FAR 221 “I see that hand” Expected Air Date: 1/19/19 Opening 2019 is going to be a banner year for us here at Flipping America. We have two projects that we have been working on for quite some time that are coming to completion this year. One of them has been a dream since the day this show was born and is finally becoming a reality - the Flipping America Network. The network is a place for training, deals, and services you need to further your success in investing. The other project I can’t discuss yet, but trust me it’s going to be huge when it hits. A real game-changer. And that’s all I can say right now, but man is it hard not to say more! How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: Lunch with me every Wednesday. Baraonda The FAN is rolling out very soon. First quarter for sure, possibly within the next six weeks. It’s an online property marketplace for investors. Free to use with a small technology fee when you buy a property. Wholesalers no longer need to build a buyers list. Just log on and a massive buyers’ list is waiting for your property. Rehabbers can look at the deals, the pictures, the information on the property, and make a decision.  You can also reserve your zip code and get 48 hours of exclusive access to all new listings in that zip code. Homeowners - you can list your property in the FAN for free and get an all cash offer very quickly. Jan 23, Privy Webinar Jan 31, BnB Formula Webinar March 16-17, FlipStarter, www.flipstarterevent.com. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.   Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: Mark, Marietta, GA, “How do I get started in this business if I have no money and no knowledge of real estate?” Stanley, Hoover, AL, “I looked at your website one day and you had seven or eight houses for sale. The next day there was one. Did you sell all of them that fast? When will there be more?” Rollin, Milwaukee, WI, “I heard you say something about staying out of the city on the last show. Why is that? Our city needs renewal in several areas.” Denisha, Pittsburgh, PA, “I know the MAO formula but I wonder if there is ever a time when you make an exception. I’m having a hard time making a deal fit.” Angela, Simpsonville, KY, “What are your thoughts on trailers? Both single and double-wides? Around here, there’s a lot of them and some can be bought real cheap.” Sherelle, Long Beach, CA, “I’m trying to get my head around your inexpensive houses. I can’t buy anything here for less than 400k. And that’s junk. I can’t imagine buying something for 10k or less. Do people really want to live in these? How do I learn more?” Candis, Boulder, CO, “Can I use my self-directed IRA to invest in a small business?” American IRA 828-257-4949. Mention that you heard about it on this show and get your $50 enrollment fee waived. Sammy, Augusta ME, “It’s tough to rehab houses here in the winter time. I know you don’t have the same issue in Georgia, but do you have any suggestions for me here?” Motivational Thoughts for the day “Everything Takes Longer Than It Takes” -Roger B.
January 18, 2019
FAR 220 Expected Air Date: 1/17/19 Opening As we sat down prior to the beginning of this year, we took a look at the changing real estate landscape in order to make our plans for the coming year. The principles behind real estate investing never change, but the opportunities vary with the times and there is an ebb and flow to this. I’m talking about both tactics and locations. Locations will dry up. Techniques when first discovered my yield great results, and then everyone else hears about it and the opportunity for unusually high numbers fades away. I hear a lot of great ideas and techniques on this show and frankly I’m tempted to pursue them nearly every time. I had to decide a long time ago to just stay in my lane, figure out what I’m good at and do that while celebrating the success of others in their work. But that doesn’t mean I’m not open to new ideas or techniques. So we decided for 2019 to add a couple of strategies to our work. One is the low priced house strategy, which we’ve talked about on other shows. The other is the AirBnB strategy, which is the subject of today’s show. So we went looking for someone who has a strong resume for training in this area and found Brian Page. He’s going to join us in a few minutes.   After personally experiencing the real estate crash of the mid 2000’s, Brian set out to find a NEW way to earn income from real estate. Starting over, he launched a profitable Airbnb business without debt, mortgages, or the need to own properties. Brian has taught thousands of people from 31 countries around the world how to get started using Airbnb™. He usually charges $10,000 to work with clients one on one, but reveals the exact same secret methods in this webinar. This FREE training class is a nothing-held-back look at exactly how Brian was able to use other peoples' properties as his own Airbnb listings. He will show you how you can do what he did and build your own wildly profitable Airbnb™ business. Brian will show you exactly how to get started and how it's a "WIN-WIN" for both you and the property owners. And if you already own property, how to turn them into lucrative BNBs. Learn how to locate profitable listings, why properties earn so much more on Airbnb™, and how you can find your very first listing ...in less than 60 days. How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: Lunch with me every Wednesday. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.   News: https://www.attomdata.com/news/market-trends/flipping/q3-2018-home-flipping-report/ https://www.realtor.com/news/trends/biggest-housing-stories-2018-news-rocked-real-estate-world/?iid=rdc_news_hp_carousel_theLatest https://www.attomdata.com/news/market-trends/foreclosures/foreclosure-activity-report-october-2018/ https://www.realtor.com/news/trends/real-estate-trends-expect-2019/ https://www.attomdata.com/news/market-trends/single-family-rental/2018-state-of-the-single-family-rental-market-report/ Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Motivational Thoughts for the day “I’m Getting Better at This” -Roger B.
January 18, 2019
April Yvette is a motivational speaker, sales and marketing strategist and author. April went from being a struggling single mom to generating $9 M in real estate sales and winning “Sales person of the year” at a new home builder to inventing a product called THINgloss™ and appearing on the TV show Shark Tank. Her powerful message on faith, determination, resilience, and learning from failure inspires audiences to believe they can overcome any obstacle and WIN! She also lets them know its ok to embrace meaningful fame and success so they can be a force for good. Today, April helps purpose-driven coaches, consultants, speakers and professional athletes share their compelling story with the world, clarify their message, make a bigger impact and accelerate their business sales authentically.
January 10, 2019
Roger talks with Deonna Britt, founder of Law Clerk On Demand, about marketing lists and their use.
December 22, 2018
Roger outlines the top 20 "places" to invest for 2019. The first 18 are not cities, but investing principles to follow when choosing a location. Then he provides 2 cities for example and goes on to give a list of 20 great investing cities for 2019.
December 22, 2018
Roger shares is TOP 20 Insider tips, tricks and techniques for success in Real Estate investing.
December 22, 2018
Welcome to the Big 2018 Real Estate News show! Today we are going to talk about some of the biggest stories of 2018 with regards to real estate. I’m going to lead off with an in-depth report on flipping houses. This is the show Flipping America after all, so the topic is on point. But we’ve been getting quite a few questions lately about flipping houses so before I get to the news, let’s deal with a question. Remember if you have questions about real estate, send them to questions@flippingamericanetwork.com. Max from Philadelphia, PA “I heard you mention that flipping houses isn’t really investing. So what is it then?” Jaquelyn from Anderson, IN “What’s the point of flipping houses? I have good income. I just want to invest in long term cash flowing properties.”
December 22, 2018
She has a Masters Degree in Aerospace Engineering from one of America’s leading technical institutes. She was a test pilot with the US government with Top Secret clearance. She also has a Masters Degree in Spiritual Psychology, which seems very different than engineering! She gave up what looks to all of us a GREAT career to become a real estate investor. Yeah she’s good at that too. With more than 180 articles published on Bigger Pockets, Ali Boone has become one of the best known real estate investors of our time. In a few minutes I’m going to share with you my interview with her and I have to say, one of the most interesting conversations I’ve had on this show.
December 22, 2018
Ever wonder what it’s like to be a real estate reporter for a major news outlet? Wonder no more. We have a couple of them lined up for you in the next two weeks. I like to know what people think and how they think and these reporters provide a lot of the interpretation for the data we all consume as real estate investors. Today we are going to be joined in a few minutes by Devon Thorsby from US News and World Report. I’m planning to ask Devon how she feels about real estate in general, what she sees coming for us in 2019, and how she wound up at the magazine. Devon Thorsby is the Real Estate editor at U.S. News & World Report, where she writes consumer-focused articles about the homebuying and selling process, home improvement, tenant rights and the state of the housing market. She has appeared in media interviews across the U.S. including National Public Radio, WTOP (Washington, D.C.) and KOH (Reno, Nevada) and various print publications, as well as having served on panels discussing real estate development, city planning policy and homebuilding. Previously, she served as a researcher of commercial real estate transactions and information, and is currently a member of the National Association of Real Estate Editors. Thorsby studied Political Science at the University of Michigan, where she also served as a news reporter and editor for the student newspaper The Michigan Daily. Follow her on Twitter or write to her at dthorsby@usnews.com.
December 22, 2018
Roger is at it again - making fun of the Real Estate Headline writers. Today he picks on self-contradictory "news" stories on interest rates over a three week span - all by the same author. He then gets on a mild rant about homeownership and finally takes some questions from the listeners.
December 22, 2018
Have you ever thought about investing in other asset classes besides residential? Today our guest is Hunter Thompson (I know you’re going to ask, so “no, no relation to THAT Hunter Thompson) Hunter is a full-time real estate investor and founder of Cash Flow Connections, a private equity firm based out of Los Angeles, CA. Since starting CFC, Hunter has helped more than 250 investors allocate capital to over 100 properties. He has personally raised more than $20mm in private capital and controls more than $60mm in commercial real estate. Hunter has been featured in Forbes, Globe St., Inside Self-Storage, as well as a variety of other media news outlets, podcasts, and radio shows. Hunter is also the host of the Cash Flow Connections Real Estate Podcast, which helps investors learn the intricacies of commercial real estate from the comfort of their home, car, or office. He’s coming up in just a few minutes to talk in some depth about investing in other asset classes.
December 22, 2018
A couple of weeks ago we did a show about Chicago and the Chicago market. One of our guests, Jane Garvey is back with us today. I had so many more questions I wanted to ask her about life and investing in the Chicago area and my friends I’ve learned over the years that if you have a chance to tap into the mind of an expert, take it! As soon as our last interview was finished I asked Jane if she would come back and speak with me further about issues in real estate investing. She graciously agreed and that interview is coming up in a few minutes. She is a walking encyclopedia of real estate knowledge, creative deal structuring, history, perspective, and good old fashioned common sense.
December 22, 2018
If you are going to own rental properties and acquire enough of them to achieve financial freedom, sooner or later you are probably going to want to stop managing them yourself and hire a property management company. I’ve hired a few management companies in my time and coming up I’m going to share with you some tips and techniques about managing properties yourself and then give you my guidelines for hiring property management.
December 12, 2018
FAR 214 Inexpensive Rental Houses Expected Air Date: 12/10/18 Opening In this business you make your plan, plan your work and then prepare yourself for curve balls. Real estate is by definition an inefficient investment vehicle and that is a good thing. It means opportunities are always springing up. It’s a challenging thing in that you can’t get locked in to forever implementing one trick, technique, or area. To be truly successful in this business you have to get to the point where you understand an opportunity when you see it, recognize wishful thinking when you hear it, and spot a scam a mile away. Once you can consistently do that, you can adapt your plan implementation to match the opportunities that life and the markets bring to you. Today we are going to talk about one such occurrence. I recently met a gentleman named Eric who claimed that he could provide some information from the online auction houses that is not generally available to the public. That information is an informed opinion of the reserve price the lender is seeking on every property. Eric offered to provide lists to me, with his opinion of minimum price on each property and further offered to enter bids on my behalf. I had to jump through a few hoops for -- shall we say -- approval to be in this program, but I agreed to give this a look starting about 2 months ago. Eric suggested we look at low priced houses in a number of states nationwide and focus on the real deals. We are talking about buying 2 and 3 bedroom single family homes for less than $10,000. Eric has sold 14,000 of these to his clients over the years and has owned 2000 of them himself. Following his advice and with the help of a partner I quickly bought our first two properties for a minimal amount. We are currently working this process. I began to share the idea around with my contacts in Atlanta and there has proven to be tremendous interest -- so much so that our mentoring call last week was about this topic and Eric volunteered to be on the call. It was terrific - great information, and this is shaping up to be a fantastic opportunity. Dozens of people on our mailing list wrote in, regretting that due to scheduling they would not be able to be on the call but they were interested. So I recorded it. After thinking it over, we decided to play portions of this call for you on the show today. So coming up in just a couple of minutes you’re going to hear the actual call and learn how you can buy investment houses across America for around $10,000 - sometimes even less! You’ll hear what to do with them and how to manage a property hundreds of miles from you and you’re going to learn that you can buy and sell a property that you never one time visit or see. If you’re skeptical, so was I. Probably the first 30 minutes of my first conversation with Eric was spent addressing my doubts about whether what he was saying was true and whether he could deliver. I now know through first hand experience that he delivers on what he says, and he has bent over backwards to help guide us through the process. You’re going to like this topic and I know you are going to be intrigued. Stay with us. How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: Lunch with me every Wednesday. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.   Motivational Thoughts for the day “Life is an ongoing story problem. Solve it.”
November 29, 2018
FAR 207 Rentals Part 3 Expected Air Date: 11/12/18 Opening In the last show we talked about short term rentals. Today we are taking a more traditional approach with a discussion about landlording. I’ve owned and self-managed dozens of rentals properties over the years and I’ve also hired property management. I’m going to share with you the top 35 things I’ve learned so far. I’m pretty sure there’s always more to learn which is why I use the words “so far”. That’s coming up in a bit. How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: Lunch with me every Wednesday. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.   News: https://www.housingwire.com/articles/47354-heres-how-much-zillow-is-paying-to-get-into-the-mortgage-business https://www.housingwire.com/articles/47339-number-of-equity-rich-properties-soars-to-new-high https://www.inman.com/2018/11/06/what-opendoors-latest-pivot-means-for-real-estate-agents/ https://www.nreionline.com/nrei-wire/10-must-reads-cre-industry-today-november-8-2018 http://www.latimes.com/business/la-fi-ftc-real-estate-20181108-story.html https://therealdeal.com/2018/11/08/feds-shut-down-alleged-100m-real-estate-fraud-in-belize/ Resources: https://www.zillow.com/rental-manager/resources/rental-management-guide/ https://realestate.findlaw.com/landlord-tenant-law/landlord-tips-for-managing-property.html https://fitsmallbusiness.com/tips-for-landlords/ Topic: Top 35 Landlording Tips from Roger B Pennies become dollars. The Rent is Priority. Wait a minute and suddenly they owe you 3 months. Inches become miles. You set the rules and you must enforce them. Everything goes better if you are known as tough but fair. Puppies become dogs. Address known problems immediately while they are relatively small. Screen thoroughly. Don’t be afraid to say no. Choose wisely Know the fair housing rules, and train your team with them. Apply the same rules to all rentals. Know your local real estate laws. Rehab for durability, with the bottom line in mind. Collect payments through YOUR method, not theirs. Never accept cash and make it a part of your written policy. Never accept a partial rent payment. Consider setting up ACH or other automated system for rent collection. Pass the handling charge (up to 3%) for credit cards on to your tenant. They should pay for that convenience not you. Create and communicate clear policy for collecting past due rents. Incentivize good tenants and good tenant behavior. Discount if in office by 5pm on the 1st. Lower or no rent increases if previous 12 months ON TIME. Use Property Management software- One lost repair receipt can be one less tax deduction and one misplaced lease can cost you months in eviction court. Using technology can help landlords streamline necessary tasks like listing their property, screening tenants, signing leases, collecting payments and handling maintenance requests. The last thing a busy landlord needs is to be bogged down with excel spreadsheets and hard copy documents, wasting time and potentially money. Require renters insurance. Have your ownership entity named as an additional insured on the policy. Go to their policy first if damage is done by them. You’ll be notified if their policy is canceled. Own in an LLC. Engage in asset protection in your entity setup. Conduct thorough move-in and move-out inspections. Document everything. Conduct regular inspections. Notify tenant 48 hours in advance. Communicate often with tenants Hold security deposit money in a separate account. Don’t touch. Create and maintain your own system of hold-backs so you can pay taxes and insurance. Repair promptly. Have a clearly stated and enforced pet policy. Keep cash reserves (2 months for each loan) to allow you to screen thoroughly. Listen sympathetically, then enforce the rules. Soft hearts lose money. Consider cash for keys rather than eviction. Cash for keys is a faster alternative to an eviction if the tenant agrees to it. It’s a private agreement between the landlord and the tenant. The landlord agrees to pay the tenant to vacate the property and return the keys. Landlords do this to avoid the often time consuming legal process of filing an eviction with the court which can take months. Never rent to family or friends unless you are willing to let them live there for free. Don’t mix family and friends with your investment property business. No matter how wonderful it may be in the beginning, those close to you will expect more for less when renting from you. If the friend can’t afford to pay rent one month, it now eats into your cash flow and puts you in an awkward predicament. Let them know it’s nothing personal, it’s just your policy to never rent to family or friends. Use Legal Shield or a local real estate attorney to create a lease that is enforceable in your state. Consider landlord insurance. This insurance helps to protect your investment from the expense of lawsuits and/or property damage. Landlord insurance should cover the structure, as well as lost rental income and personal injury occurring on or around the property. The policy differs from the policy on a primary residence since the investment property is a business. Take advantage of the tax deductions available to you as a landlord. Consult with your tax advisor. If your tax advisor doesn’t have more than one tax benefit for you, consider hiring a different tax advisor. Treat this like a business. Because it is. Consider the factors that will determine when or if you should hire a Property Manager Your schedule Your attention to detail Your bottom line Your investment goals. Set your goal to grow large enough to hire management. Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: questions@flippingamericnanetwork.com  Tell us where you’re from! Audrey, Monticello, GA, “Do you think about selling your rentals? How would you decide on this? I’m moving away and I’m not sure I want to keep the two rentals I have here in town.” Sanders, Pittsburgh, PA, “My tenants moved out and for some reason just one wall in every bedroom needs to be painted. It’s the wall where the bed was. I’m not sure of the cause, but I’m wondering whether I need to paint the entire rooms, meaning most of the house of can I just paint the one wall in each room?” Andrew, Alexandria, VA, “When will your latest FlipStarter event be available as a video series?” Motivational Thoughts for the day “I don’t make up jokes. I just watch the government and report the facts.” -Will Rogers
November 17, 2018
FAR 204 BuildZoom Expected Air Date: 11/03/18 Opening Hello everyone! If you are listening to this on our broadcast date of November 3rd, I am right now teaching the FlipStarter Course in Atlanta, GA to 40 future real estate millionaires. We are already planning our next events and are considering opening up to a larger group - perhaps up to 100, but we are trying to be careful that we are still able to give every person in attendance individual attention and personalized strategies. Today we have some really interesting guests coming up Issi Romem and Jiyan Wei from BuildZoom will be joining us in a few minutes to talk about the BuildZoom platform. If you are on the hunt for a quality, previously vetted contractor, you want to stay tuned and listen to this interview with one of the top providers of contractor referrals online. Plus it’s been a few minutes since I’ve answered your questions on the air and we have some piling up. How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: FlipStarter Nov 2-3, Atlanta, GA   Lunch with me every Wednesday. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.   News! https://www.cnbc.com/video/2018/10/31/southern-california-home-sales-plummet.html https://www.cnbc.com/2018/10/30/southern-california-suffers-its-worst-housing-slump-in-over-a-decade.html https://www.cnbc.com/2018/10/26/robert-shiller-i-dont-expect-a-sharp-turn-in-the-housing-market.html https://www.forbes.com/sites/keithflamer/2018/10/31/first-look-at-four-hot-skyscrapers/#5c4a96991907 Guests:  Jiyan Wei, Issi Romem Topic: Build Zoom  Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: questions@flippingamericnanetwork.com  Tell us where you’re from! Jessica, Boulder, CO, “I’m having a hard time getting my contractor to listen to me. I think it’s because I’m young and female. I can’t do anything about that. But what can I do to make him do things the way I want?” Janet, Atlanta, GA, “I have a rental property that has just gone vacant. I’m strapped for cash and it needs a couple thousand in work before I can rent it out again. Without the rent I can’t make the payment and without fixing it I can’t rent it. Do you have any suggestions?” Eduardo, Phoenix, AZ, “I gave a contractor $9,000 to start a job. He came out and did some work but now wants $20,000 to continue. We got into an argument about it and he pulled his crew and refuses to come back until I pay him. He claims he has plenty of other clients and doesn’t need to put up with me. The total project is $35,000. He’s completed about $5,000 in work. What would you do?” Motivational Thoughts for the day “Even if you are on the right track, you’ll get run over if you just sit there.” – Will Rogers
November 17, 2018
FAR 202 Chicago Chicago Expected Air Date: 10/25/18 Opening What a day! What a City! Chicago Illinois, the third largest city in America and as you are going to hear in a few moments, the nation’s leader in Pumpkin Spice Lattes! Today we are going to focus on Chicago. We are going to speak with a leading realtor and a couple of leaders from the investor community there. And as a bonus, out bumper music is the big band song “Chicago” performed by the band named Chicago. Did you know they put out an entire Big Band album a few years ago? They surely did. It was their 18th studio album, released in 1995 and although I’m a fan of Chicago already, is one of the best things they ever did. But I digress… Let’s visit Chicago... How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: FlipStarter Nov 2-3, Atlanta, GA   Lunch with me every Wednesday. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.   News! https://www.inoreader.com/article/3a9c6e79af686340-these-are-the-10-best-cities-for-pumpkin-spice-lattes https://www.inoreader.com/article/3a9c6e7e554fc078-what-1-million-gets-you-in-15-cities-across-the-us Topic: Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: questions@flippingamericnanetwork.com  Tell us where you’re from! Curtis, Murphy, NC, “I have a neighbor who inherited his mom’s house over in Franklin. He doesn’t have the time or money to fix it up. He says it’s not bad, but his mom lived alone the past 15 years and there are several minor things that need to be fixed. He just wants it gone - he doesn’t want to rent it out and every month the payment just comes out of the estate. The loan balance is a little more than $83,000. It’s probably worth about $110,000. This seemed like a great opportunity until I listened to a few of your shows and learned some things about the numbers. Do you have any suggestions? I’ve been wanting to do a deal, but just don’t know what can be done here. (We asked offline and the payments are $476 PITI and the fair market rent is $750. The repairs to rent ready condition are estimated at $6500. Also ten years left on loan). Jessica, Boulder, CO, “I’m having a hard time getting my contractor to listen to me. I think it’s because I’m young and female. I can’t do anything about that. But what can I do to make him do things the way I want?” Motivational Thoughts for the day It’s not about “perfect.” It’s about “effort.” And when you bring that effort every day, transformation happens. That’s how change occurs.   Jillian Michaels
November 17, 2018
FAR 203 Let’s Get Privy! Expected Air Date: 11/1/18 Opening All right sports fans, the World Series is over, it’s time to stock up for the winter and I’m not referring to groceries, I’m referring to inventory if you’re in the house flipping business. Pretty much any time is a good time to buy if you’re buying right. Coming up today is Jane Garvey, one of the founding leaders for all real estate investor associations in Chicago, IL and nationally. We are excited to hear from her. And then we will hear from Benson Juarez, one of the founding partners at Privy, a new real estate software platform that is going to blow your mind. Finally! Someone with the mind of an investor has given us non-realtors real-time access to MLS data. Stay tuned to hear about it. How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: FlipStarter Nov 2-3, Atlanta, GA   Lunch with me every Wednesday. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.   Guests:  Jane Garvey Chicago Creative Real Estate Investors, Benson Juarez, Privy Real Estate Investing Topic: Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: questions@flippingamericnanetwork.com  Tell us where you’re from! Curtis, Murphy, NC, “I have a neighbor who inherited his mom’s house over in Franklin. He doesn’t have the time or money to fix it up. He says it’s not bad, but his mom lived alone the past 15 years and there are several minor things that need to be fixed. He just wants it gone - he doesn’t want to rent it out and every month the payment just comes out of the estate. The loan balance is a little more than $83,000. It’s probably worth about $110,000. This seemed like a great opportunity until I listened to a few of your shows and learned some things about the numbers. Do you have any suggestions? I’ve been wanting to do a deal, but just don’t know what can be done here. (We asked offline and the payments are $476 PITI and the fair market rent is $750. The repairs to rent ready condition are estimated at $6500. Also ten years left on loan). Motivational Thoughts for the day It’s not about “perfect.” It’s about “effort.” And when you bring that effort every day, transformation happens. That’s how change occurs.   Jillian Michaels  
November 17, 2018
FAR 201 Max Keller Expected Air Date: 10/25/18 Opening The year 2030 marks an important demographic turning point in U.S. history according to the U.S. Census Bureau’s 2017 National Population Projections. By 2030, all baby boomers will be older than age 65. This will expand the size of the older population so that 1 in every 5 residents will be retirement age. “The aging of baby boomers means that within just a couple decades, older people are projected to outnumber children for the first time in U.S. history,” said Jonathan Vespa, a demographer with the U.S. Census Bureau. “By 2035, there will be 78.0 million people 65 years and older compared to 76.7 million (previously 76.4 million) under the age of 18.” Today’s savvy real estate investors will take note of this trend and will at least give this some consideration while developing a strategy. Our guest today is Max Keller who has devised a strategy geared toward helping seniors both in the selling of their current homes and relocating to the next. Max has a unique combination of compassion and business savvy that allows him to make money in real estate while serving a vitally important role. Max has over 15 years of experience in Real Estate, Finance, and Teaching. He earned his B.B.A. in Finance from The University of Texas at Austin and earned an M.A. in Teaching from Louisiana College. He’s a  Consultant, Teacher, and Expert Panelist. His company, flipped 24 homes in the DFW area last year. Max's consulting company helps small business owners become more profitable. As you will hear in a few minutes, much of what Max is doing now has flowed from some of the more unfortunate experiences in his own life. He and his family faced the death of a loved one without the type of planning and preparation he now provides. Max is coming up in a few minutes and then your questions. Today we are going to talk in the Q&A time about installment land contracts, ideal rentals, creative deal financing, and much more. How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: FlipStarter Nov 2-3, Atlanta, GA   Lunch with me every Wednesday. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.   News! https://www.curbed.com/2018/10/24/18017600/tiny-house-dunkin-donuts-coffee https://www.forbes.com/sites/suzynam/2018/10/24/real-estate-mogul-and-his-wife-share-their-collection-with-fellow-thais/#efc92159de60 https://www.pleasantonweekly.com/square/2018/10/22/unseasonable-weather-for-pleasanton-real-estate-market https://www.globest.com/2018/10/25/liquidity-learning-equals-real-estate-success/?slreturn=20180925103149 Guest:  Max Keller, Savior Realty Topic: Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: questions@flippingamericnanetwork.com  Tell us where you’re from! Elmer, Villages of Ocala, FL, “Please explain the installment land contract.” Dorothy, Tampa, FL “My husband and I want to invest in rental properties but we are disagreeing about the type of property. He wants to buy cheap houses in older neighborhoods. I’m concerned about crime and the transient nature of the residents. I want to buy in nice middle class neighborhoods, but he is concerned that our returns would not be very good. We would appreciate your thoughts.” Aldo, McDonough, GA “I bought a home in 2010 and today homes in the neighborhood are selling for twice what I paid for mine. Should I sell now while the price is high?” Emily, Wayne, PA, “I’ve done three flips in the past two years. I really want to quit my job and do this full time, but I need to do four to five flips in a year to do that. How do I get to that level?” Motivational Thoughts for the day It’s not about “perfect.” It’s about “effort.” And when you bring that effort every day, transformation happens. That’s how change occurs.   Jillian Michaels  
November 17, 2018
FAR 200 Appreciation Expected Air Date: 10/22/18 Opening Real Estate, we appreciate you! Let’s talk about appreciation. Looking to the future. What has happened in the past 12 months? What is expected for 2019? What is appreciation anyway and what is the historic rate of appreciation in housing? A complete explanation plus news and some of your questions coming up. How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: FlipStarter Nov 2-3, Atlanta, GA   Lunch with me every Wednesday. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.   News! https://www.cnbc.com/2018/10/19/trump-opportunity-zones-popular-with-investors-but-might-offer-less-for-voters.html https://eig.org/news/opportunity-zones-map-comes-focus https://dca.ga.gov/node/3926 https://fundrise.com/education/blog-posts/the-top-10-opportunity-zones-in-the-united-states?utm_source=google&utm_medium=cpc&utm_content=text-%2Bopportunity%20%2Bzone%20%2Bmap-b-ozoneinvestingwithfundrise&utm_campaign=search-marketbuilding_opportunity_mapbroad-usa-20181015&gclid=Cj0KCQjw6rXeBRD3ARIsAD9ni9AO65gmDu_b8CGINqS0IiPjJZhcPXGlzV33dUiC6TR0qvQ599VX_9IaAhENEALw_wcB https://magazine.realtor/daily-news/2018/10/18/homebuilding-struggles-to-break-out-of-funk https://www.cnbc.com/video/2018/10/18/real-estate-sales-fall-in-high-tax-states-surges-in-low-tax.html https://www.corelogic.com/downloadable-docs/hpi/corelogic-hpi-monthly-marketing-data-august-2018webnational.pdf Whoops! They missed! https://www.housingwire.com/articles/29284-the-best-and-worst-cities-for-home-price-appreciation-through-2018 https://www.trulia.com/voices/Market_Conditions/On_average_what_should_the_annual_appreciation_be-19523 https://www.zillow.com/research/zillow-home-value-appreciation-5235/ https://www.investopedia.com/articles/mortages-real-estate/11/the-truth-about-the-real-estate-market.asp https://michaelbluejay.com/house/appreciation.html https://michaelbluejay.com/house/rentvsbuy.html Topic: Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: questions@flippingamericnanetwork.com  Tell us where you’re from! Allen, Rashad, Kenyon, Caroline, Adam, Portia, Priscilla, Martin, Richard, Clive, Suzanne, “The stock market seems to be a better play for a passive investment. Historic 8% vs. housing historic 3%” Stanley, Toledo, OH, “I want to buy a rental house. I’m looking at houses around $80,000 I can rent out for $1000 or I can also find houses for $20,000 I can rent out for $700. I can do the math, so I know the cheaper house is a better return, but I wonder about rate of appreciation, quality of tenants, etc. Is the better return always the best play? Motivational Thoughts for the day It’s not about “perfect.” It’s about “effort.” And when you bring that effort every day, transformation happens. That’s how change occurs.   Jillian Michaels  
November 17, 2018
FAR 199 Chantelle Owens Expected Air Date: 10/20/18 Opening We are excited today to be broadcasting the show via livestream from our studio in Sandy Springs, Atlanta. We have Chantelle Owens here with us and today we are going to be talking about tax liens. I call her the Queen of Tax Liens! Chantelle has a boot camp coming up here in Atlanta and we will be talking about that as well as the tax sale process in general. As a little bonus surprise I’ve been storing up some of your questions about tax liens just for this show. I’m going to throw them to Chantelle in a little while. How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: FlipStarter Nov 2-3, Atlanta, GA   Lunch with me every Wednesday. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.   Guest:  Chantelle Owens, The Queen of Tax Liens Emails: questions@flippingamericnanetwork.com  Tell us where you’re from! Cher, Silver Spring, MD, “What’s the difference between a Tax Deed and a Tax Certificate?” Anthony, Boulder, CO, “When I buy a tax lien, I really just want the 12% return on my money. I don’t want the property. What do I do if I end up with an unredeemed property?” Scarlett, Pittsburgh, PA, “Where can I go to learn about the properties being sold in the tax sale?” James, Stockbridge, GA, “How long is the redemption period?” Aubrey, Tampa, FL, “If I buy a tax deed and the property has a mortgage on it, do I have to pay off the mortgage or what do I do?” Winona, Baltimore, MD, “I have never owned a business and don’t really want to. I have looked into owning rentals and don’t think I want to do that either. But I like the house flipping TV shows and I enjoy your show as well. I think I want to be involved in real estate, but I just want to put money into something safe with a good return. What would you recommend?” Gary, Anderson, IN, “I plan to buy a fix and flip with a hard money loan, move into it for 6 to 8 months while I’m working on it, sell, then move on to the next one. A friend told me it wouldn’t work. Who is right?” Brad, Macon, GA, “I’m looking at a package of 23 single family homes. The seller is asking $1.4 million (about 61k avg.) for them. The average monthly income for the past 12 months has been $13,800. Four of the houses are vacant and have been for about 3 months. So that would take the income up if I got them rented out. I’m not sure how to approach this deal. I’ve always wanted to own rental properties and this seems like a way to get a bunch at one time.”
November 8, 2018
FAR 198 The Guru Scam Expected Air Date: 10/18/18 Opening A friend sent me an email the other day with information about a real estate seminar he had signed up to attend. Wanted me to check it out and tell him what I thought. I did some checking and told him he was in for a high pressure sales pitch that rivaled something between a time-share and a used car. But they would be much more polished than either - in fact, you might not even realize you were being conned. I’ve seen these hucksters for years traveling the countryside taking people’s money and providing cheap canned information that anyone could learn for free. What’s worse is they know exactly how to convince you to pay $20-$50,000 and get their money by “helping” you raise your limits on existing credit cards or by borrowing from life insurance policies or your 401-K. If you’ve listened to my shows awhile you know I tend to get on a rant about this practice, but today I’m going to back up and have a little fun. A little later on I’m going to give you my Top Ten signs you’re real estate seminar is a worthless con. We also have Bre Braswell joining us today. She is a Principal at Sole Source Funding and she’s going to tell you how you can get up to $250,000 in unsecured funding to use in your business. That’s right. $250,000. Unsecured. Not attached to your personal credit. Game-changer. How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: FlipStarter Nov 2-3, Atlanta, GA   Lunch with me every Wednesday. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.   Guest:  Bre Braswell, Sole Source Funding Topic: The Top Ten Ways to Know Your Real Estate Seminar is Actually a Con: The “nationally known” guru is not in attendance. Whose experience is being taught? Who has the experience to be able to credibly answer audience questions? What is the actual experience of the presenter and can it be verified? The name of the company behind the event is vague, not mentioned, or purposely mis-leading. Where is their headquarters? Who is the person or persons behind this company? Someone did the work to gain the experience to teach. This can be taught from a curriculum and a powerpoint, but the most polished professional who is also inexperienced cannot truly serve a real estate audience. The Presenter’s real estate credentials cannot be easily verified. Does he or she provide addresses of actual properties flipped? The Presenter does this presentation more than once a month. If they travel and do this presentation more than once a month there is NO possible way they are actively fixing and flipping houses. Early in the presentation (usually within the first two hours), they will have you fill out a worksheet with all of your assets as possible funding sources. Available credit card spending, 401k balance, cash value of insurance policies, etc. Later they will use this information to prove to you that you actually can afford their 20-50k in training. They take time to teach you how to call your credit card providers and ask for an increase in your limit. The really sneaky ones will put you in a group, challenge everyone to do it, bring you back and see if you collectively came up with an amount that would buy a house. They make lots of promises to you. And they will seem great! Results - lifestyle. They have an emotional story of their own financial distress and real estate saved the day. They will not let you take photos of the screens or record the event. They want to sell you another more expensive course. Free - Low Cost - High Cost - Upgrade. Ways to check ahead of time: Check the name of the company. Look at their website. See what they emphasize. Google the name of the company followed by the word “reviews.” This may not be helpful, but it can be. One company I researched had over 1000 hits on a website called “Ripoff Report.” Anyone can say anything there and not all of it should be believed. But 1000 reports? Ask in online forums - Bigger Pockets, Connected Investors, Facebook Groups, Google Plus Groups etc. What have you heard about …? At the event, get the presenter’s full name. Find out where he/she is from. Note as many property addresses as you can during the event. Check those addresses online for ownership and transfers of ownership. Look for an entity that owned the property for 4-6 months in the past two years. Later on, if you get a chance to speak with the presenter, casually drop the name of the entity you found and see if you get a glimmer of recognition. If you’re convinced they are lying, just for fun, make up an entity name (or use your own if you have one) and ask them if that was the entity that bought 123 Main St (or whatever). See if they say yes. Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Motivational Thoughts for the day Earn a lot so you can have a lot so you can give a lot. -Tom Olson
October 15, 2018
FAR 197 Leslie Smith, Commercial Direct Expected Air Date: 10/15/18 Opening Leslie Smith led the launch of Silver Hill Funding in 2016, and is building on that experience to spearhead the launch of the consumer-facing direct lender, Commercial Direct. An experienced financial services professional and thought leader with more than 20 years in the industry, she has been instrumental in leading multiple initiatives that expanded companies into international markets, as well as developing systems and programs to drive operational productivity and efficiency. How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: FlipStarter Nov 2-3, Atlanta, GA   Lunch with me every Wednesday. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.   Guest:  Leslie Smith, Commercial Direct Lending Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: questions@flippingamericnanetwork.com  Tell us where you’re from! Sonia, Madison, WI “I was channel surfing while driving through Milwaukee the other day and caught a bit of your show. Good information. I’ve love those house flipping TV shows! How would a person go about getting into this business?” Sandra, Long Beach, CA “I’m thinking about buying a couple of rental houses up in the Valley but at over 2 hours of driving each way, I don’t want to have to be running up there every time someone needs a light bulb changed. What options do I have?” Kwame, Cincinatti, OH, “Do I take a great deal on an old house with a big rehab or an ok deal on a 6 year old house with a light rehab. I listen to you show - I can’t do both.” Samuel, Pittsburgh, PA, “Do you think the Steelers have a realistic shot at the Super Bowl this year? Just kidding. My real question is after Saturday do you think Notre Dame should still be a top ten team? Still kidding. Seriously, what are the best 2 or 3 ways to look for my next rental? I have a good job, just trying to buy 1 rental every year. I have 2 already. I bought the first one before I heard of you and bought the second one after listening to your show for awhile. The second one is doing much better. I like managing myself and plan to do that until I get to 8 or 10.” Risa, Atlanta, GA and San Juan, PR. “Are the principles for investing on the mainland the same as in Puerto Rico? I’m thinking about buying a vacation rental back home.” Motivational Thoughts for the day Earn a lot so you can have a lot so you can give a lot. -Tom Olson
October 15, 2018
FAR 196 Tom Olson, Community Go Giver Expected Air Date: 10/11/18 Opening Tom Olson is a very active Real Estate investor working in Northwest Indiana Area. Tom and his teams at Olson Group provide lending, turn key, and active turn key investment opportunities to today's smart investor. Tom and his teams manage his rental portfolio which includes traditional rentals and short term vacation rentals. Tom has been a real estate entrepreneur for over a decade and has been apart of over 1500 real estate transactions. Tom and his team at Good Success, lead the Community Go Giver event each year, to help showcase how people like Tom and companies like Olson Group are having a positive impact on their community and to encourage other real estate investors to do the same.  Tom also has a mastermind for elite active real estate entrepreneurs called the Good Success Mastermind. You can check them out on social media, the Good Success podcast or online at www.goodsuccess.com   Tom has been in construction for over 20 years, Tom has been a part of over 1,500 transactions since 2007 and completed over 600 rehabs.  Olson Construction Management offers Full Service Construction management and world class Property management for the Active turn key and turn key properties they provide to smart investors. Tom also offers lending opportunities to people looking to get a steady return with less headache and less time involved than owning real estate. How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: FlipStarter Nov 2-3, Atlanta, GA   Lunch with me every Wednesday. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.   Guest:  Tom Olson, Community Go Giver Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: questions@flippingamericnanetwork.com  Tell us where you’re from! From a wholesaler in Atlanta: “Why can’t I get my properties moved out?” Motivational Thoughts for the day Earn a lot so you can have a lot so you can give a lot. -Tom Olson
October 15, 2018
Good morning. We have market news today. There is increasing evidence that the shift we predicted a year ago is happening. Sales are slowing down and we are moving in the direction of a buyers’ market. Are we heading into a crash? In a few minutes I’ll cite a story that says “yes, no, and maybe.” That’s right - a classic example of bold predictions in the real estate market. What I’m going to do is cut through all of the hype, equivocation and prevarication and get right down the the heart of th
October 1, 2018
FAR 193 Expected Air Date: 10/1/18 Opening Thank you Kathy. It has come to my attention that I have missed a question that is waiting. When we wrapped up two shows ago I had a question from Ashton in Austin about note-buying and I didn’t get to it on the last show, so I’m going to start with it today. Ashton, Austin, TX, “Really enjoyed the show with Scott Carson, Can you explain the math on buying notes? I don’t see how it makes much money.” How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: FlipStarter Nov 2-3, Atlanta, GA   Lunch with me every Wednesday. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.   Topic: FlipStarter! What would it feel like to make a confident offer on an investment property, knowing that you know how much money you can make on it, and you understand how the variables impact your bottom line as you negotiate? Purchase Price Holding Costs Repairs Holding ARV Selling Costs What would it do for your confidence to know with certainty what you will sell this property for? Learn to think like an appraiser. Understand the ins and outs of property valuation. We will help you be able to compare one possibility with another, selecting only the best most profitable projects. “Property Grade” App. Use our Deal Analysis to buy with confidence. MAO formula Repair Formula Hold Time Formula Costs Formula Daily Cost Formula ROI Formula (annualized) ROC Formula (annualized) Rental Purchase Formula How to find the deals. Hear about 10 sources for deals we use here at Flipping America. How to fund your deals. Hear about all your options and learn how to compare them. How would it feel to be able to buy as many flip properties as you can handle without using any of your own money? All you have to do is work the project. The money is handled. Yes we are going to talk about raising private money to fund your deals, but we are also going to show you how you can walk away Saturday afternoon with financial commitments to cover as many deals as you can handle. The person making that commitment will be in the room and will make that commitment to anyone who qualifies. Wouldn’t it be great if you never had to spend your own money and you never had to spend any time raising money? Just focus on the deals. You will have the chance to become part of the Flipping America family of investors. We shun the “guru” model. We have options for those with differing situations, but once you are in the family, there is no upsell to move into a select inner circle or platinum level. These are contrivances developed solely to put more of your money into the gurus’ pockets. Am I missing an opportunity here? Perhaps, but one thing is clear -- my priority is your success. When I help you achieve your financial goals, my success will take care of itself. How would it feel to have a clear process in finding, hiring and managing Contractors? Our students average 15-20k profit on each flip using none of their own money. What would it do for your life if you could do just two of these next year? How would it feel to know that someone has your back - that you have an experienced coach who will guide you through the process, helping make sure you complete the project on time and on budget? Wouldn’t it be great if someone could give you a little guidance on the best way to set up your business? Done. We cover everything from how to choose a name and a logo to getting organized and recognized by both the state and the federal governments so you are ready to go. No one does this business alone. You’ll need to recruit a team - not employees, but others in the business who are essential for your success. These include professional deal finders, Realtors, Contractors, Lenders, Attorneys, and more. We will show you why you need each of these individuals and point you in the right direction to find them. We will introduce creative deal making. I will show you how I scaled my business from a part time 2-3 houses a year into a business that flipped more than 100 houses a year with minimal employees and all from a home office. Growing and scaling your business requires the right mindset and the right systems. We will conclude the day by talking some about both of these essential topics. Every module in this course - all six of them - are designed to be worth the entire cost of admission. I had a marketing coach awhile back who attended FlipStarter and criticized it because I “gave away too much information.” While I listened respectfully I couldn’t help but think one word -- “perfect!” I’ve been told I’ll never build a $50 million dollar training business if I don’t follow the proven techniques. My response? I’m not trying to build a $50 million dollar training business. I’m trying to make a positive difference in lives. My goal is to train the next generation of real estate millionaires. My hope is that through the values we teach and pass on, the public’s perception of real estate investors as a whole will improve. My dream is that a generation of investors would refuse to take short cuts in property repairs, treat tenants with respect and provide safe clean affordable housing, work with cities and towns to improve neighborhoods one house at a time. My plan is to inform thousands through FlipStarter, work with hundreds in our mentoring program, and working together touch a million lives with something positive. Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: questions@flippingamericnanetwork.com  Tell us where you’re from! Margaret, Villages of Ocala, FL “I’d be interested in hearing how flipping properties in real life is different from what we see on the TV shows.” Etienne, Los Angeles, CA “What are some of the unique things about your training?” Anti-Guru model Deal Funding Coaching, no further upfront financial commitment Motivational Thoughts for the day “Do not wait; the time will never be ‘just right.’ Start where you stand, and work with whatever tools you may have at your command, and better tools will be found as you go along.” —George Herbert
September 27, 2018
FAR 192 Kory Angelin Expected Air Date: 9/29/18 Opening We have a little bit of a selling and marketing theme going on this week on the show. Today we are joined by Kory Angelin who is going to tell us if we have something to sell, stop selling. Start relating. Remember what I said previously that in this business we are selling all the time. We are not selling our houses. We are selling ourselves, our reputation, our credibility, and our experience. This is how we are able to grow and scale our businesses. Kory Angelin is an Award-Winning Trainer and 2-time published author with over 25 years in the fitness industry.  He is a Regional Educator for 24 Hour Fitness working to help carry out their brand message. His industry experience includes partnering with NIKE to launch their SPARQ Brand, worked with a variety of athletes from the NFL and NBA and has been featured in "Sports Illustrated", "USA TODAY", "Training & Conditioning" and "STACK" Magazines for his work in the fitness industry.  Kory has been an on-air host on QVC and is a sought after motivational speaker. He holds a bachelors degree in Sports Medicine and has just launched his second book entitled #Sellout. To listen to Kory's podcast or to find out more info., you can log on to www.koryangelin.com. I had a little fun and got a little training from Kory right on the show. I asked him to help me “sell out” my next event, FlipStarter and he had some very practical and specific ideas for me. I thought I’d be putting him on the spot, but he turned that around and put me on the spot.  As you listen, I want you to imagine answering his questions for your business and for yourself. It may be challenging, but as Kory says, put the work in up front and the rest takes care of itself. How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: FlipStarter Nov 2-3, Atlanta, GA   Lunch with me every Wednesday. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.   News! https://www.cnbc.com/2018/09/21/3-places-for-a-tropical-beachfront-retirement-outside-hurricane-zone.html https://www.cnbc.com/video/2018/09/19/august-housing-starts-up-9-point-2-percent-housing-permits-down-5-point-7-percent.html https://www.cnbc.com/2018/09/12/warning-sign-the-epicenter-of-the-housing-bust-is-booming-again.html https://www.cnbc.com/2018/09/25/home-prices-rise-at-a-slower-rate-in-july-sp-case-shiller.html https://www.fortunebuilders.com/2018-real-estate-trends/ Guest:  Kory Angelin How to improve your approach: Pretend to buy a product or service Shadow people crushing it. Role play yourself. Plant seeds Overcome objections Ask questions that tap into the middle part of the brain. Objections “No” sometimes means you didn’t explain it. Objections almost always come down to “money.” Ask questions that get to the middle brain - the emotional center. Topic: Selling Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: questions@flippingamericnanetwork.com  Tell us where you’re from! Amber, Boston, MA, “I am interested in coming to Atlanta for the FlipStarter Event. Can you tell me where it will be held so I can plan to be on that side of town?” Harold, Lancaster PA, “I have 7 rentals in Memphis, TN, but I’m having issues with the management there. I believe they are charging too much for standard repairs and maintenance items. For example, they installed a new water heater at a property and charged me $950. How would you handle this?” Motivational Thoughts for the day To Begin, Begin, William Wordsworth
September 27, 2018
FAR 191 Steve Rigby, Selling with SMILE Expected Air Date: 9/27/18 Opening Thank you Kathy Curtis! Today our guest is Steve Rigby, author of the book “S.M.I.L.E. How a People First Philosophy Creates Extraordinary Sales.” In our conversation we are going to break down the major points of his book and talk about specific ways to improve our relationships as a way of increasing sales. For nearly two decades, Steve Rigby served the homebuilding industry as both a student and a teacher of selling, managing, and training. Steve was responsible for directing the sales efforts for three of the nation’s top-ten public homebuilders. As a result, those companies experienced tremendous growth with very healthy bottom lines. In the past decade plus, Steve has continued to prove his proficiency as a thought leader through his own business, New Wings Consulting, LLC, which serves companies across a variety of industries. As he’s accustomed to seeing, those companies are also experiencing tremendous growth and very healthy bottom lines. Steve resides on Lake Travis, just outside Austin, Texas  with his wife, Susan, their two horses, Blondie and Envy, and their dog, Drizzle. If you’re up for a visit, he and Susan conduct retreats at their cabin on the lake. Those who have been there will tell you it’s something worth considering! How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: FlipStarter Nov 2-3, Atlanta, GA   Lunch with me every Wednesday. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.   News! https://money.usnews.com/investing/real-estate-investments/slideshows/7-ways-to-invest-in-real-estate-without-buying-property https://www.realtor.com/news/trends/housing-market-finally-becoming-buyers-market/ https://realestate.usnews.com/real-estate/articles/can-you-actually-turn-a-profit-flipping-homes-in-todays-market https://www.realtor.com/news/trends/10-wealthy-enclaves-highest-home-prices/ Guest:  Steve Rigby Imagine everyone I meet is wearing a sign that says, “Make me feel important.” Keep it Simple It’s up to Me I    Identify the individual (personality type) Little Decisions Enjoy 7 Rules of Shopping. Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: Questions@flippingamericaradio.com Tell us where you’re from! Note from staff: So what ARE you saying about the market over the next 12 months?  Here are Flipping America we are continually monitoring a number of data points not just in the Atlanta market but nationally. Data points include default rate and mortgage rate (not the same thing and they are at historic lows right now), Home sales volume (trends), Home prices (year over year trends) and new construction starts. There are other factors that are more difficult to quantify in a chart, but we pay attention to lending guideline changes, the sales of sub-prime loans on the secondary market (hint: securitization of those loans never stopped), and the impact of mortgage interest rates to name a few. In our view, the collapse of 2007-08 was unprecedented and unlikely to be repeated in our lifetime. But the real estate market does correct and is somewhat cyclical. We are projecting a return to a balanced market (3 month supply of homes) in the next 6-12 months. This means it will take a little longer to sell, investors will have to put more effort into selling, but there will be more inventory to buy as well. Coastal regions will likely see price reductions over the next 12 months, but the rest of the country will see above average increase in values (around 5-6%) for the next year. We think Atlanta will finish 2018 with a 7% year over year gain but this will slow down in 2019. Randy, Sheboygan, MI, “Would you recommend people start off wholesaling? I don’t have a lot of money to buy a fix and flip.” Lorrie, Milwaukee, WI, “Do you decorate your flip houses for the holidays?” Ashton, Austin, TX, “Really enjoyed the show with Scott Carson, Can you explain the math on buying notes? I don’t see how it makes much money.” Motivational Thoughts for the day To Begin, Begin, William Wordsworth
September 27, 2018
FAR 190 DT Investments, Jim Beach Expected Air Date: 9/24/18 Opening Hello everyone, it’s time to get involved in Real Estate. There are 85 major ways to make money in real estate and several variations of some of those methods. The opportunities are numerous and the variety is nearly endless, but all of real estate investing can be summarized around three primary activities: Buy with the intent to improve and re-sell relatively quickly. Buy with the intent to create income with the property for a longer term. Invest in the activities of 1 or 2. I’ve been looking for someone who manages a REIT to come on the show and talk about the opportunities there and you regular listeners know that I have nothing against REITs or crowd-funding real estate. Both have interesting possibilities, albeit not such a great return on the money. If you have a little bit more money and are an accredited investor, you’re going to want to stay tuned today. My good friend Jim Beach is going to be on the show in a few moments and we are going to talk about, among other things, and incredible private offering that is set to take on the big boys. This fund invests only in short-term flips. Full disclosure, I’m one of the partners in the firm. Jim is a former Coca Cola executive but long-time entrepreneur. He founded a technology company and sold out years ago, wrote the best-selling book, “School for Startups” and for the past several years has been the host of a radio show called School for Startups. He has had everybody who is anybody in the world of business on his show. Jim travels the world teaching the principles of entrepreneurship. How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: FlipStarter Nov 2-3, Atlanta, GA   Lunch with me every Wednesday. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.   Guest:  Jim Beach, DT Investment Funds Topic: Entrepreneurship Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Motivational Thoughts for the day To Begin, Begin, William Wordsworth
September 27, 2018
FAR 189 Scott Carson Expected Air Date: 9/22/18 Opening Great show coming to you today. Scott Carson (aka “the Note Guy) has been an active real estate investor since 2002 and solely focused on the note industry since 2008 where he buys and sells non-performing mortgages directly from banks and hedge funds all across the country. Scott is the CEO of WeCloseNotes.com and the creator of the Note Buying for Dummies workshop that focuses on the 3 F’s of Note Buying… The Find, Fund, and Flip. He has purchased over a half billion dollars in distressed debt for his own portfolio and purchases assets in over 30 states across the United States. He is a highly sought-after speaker on distressed debt and was the 2014 Note Educator of the Year. He has also been featured in numerous newspapers including Investor’s Business Daily, the Wall Street Journal, and Inc.com. He has also helped thousands of other real estate investors come to the dark side of investing by plunging into the world of NPN’s or non-performing notes. An avid sports fan and reader, you can find him home in Austin, Texas when he isn’t buying assets for his own portfolio or sharing his love of the note game. How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: Think Realty Saturday and Sunday, Sept 22-23 FlipStarter Nov 2-3, Atlanta, GA   Lunch with me every Wednesday. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.   Guest:  Scott Carson Topic: Note Buying and Selling Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: Questions@flippingamericaradio.com Tell us where you’re from! Alana, Jonesboro, GA “I’m looking at a deal where the owner lives out of state, the tenant is a relative paying well below market rate. He wants her out but doesn’t want to evict his own relative. He just wants to sell the house. It’s worth about 130k. May need 25k in rehab. He’s open to seller financing. I mentioned offering him 50-60k and he didn’t say no. So what are my options or exit strategies?” Shamsideen, Boulder, CO “My partners and I are looking at various opportunities, apartments, hotels, and mini-warehouses, to be specific. Can you offer guidance for us as we decide where to put our money?” Motivational Thoughts for the day Your true success in life begins only when you make the commitment to become excellent at what you do. — Brian Tracy
September 27, 2018
FAR 188 Expected Air Date: 9/20/18 Opening I am Roger Blankenship and I teach people how to make money in real estate. There are dozens of ways to make money in real estate and they all can be summarized by one of three approaches: Buy with the intent to improve and quickly re-sell Buy with the intent to cash flow, grow equity through appreciation, and take advantage of tax structures. Invest in the activities of someone doing either or both of the first two categories. To that end, we are dedicated to providing you the best most accurate and up-to-date information we can to help you make the best decision for you, your family, and your money. We don’t encourage everyone to drop what you’re doing and start flipping houses like you see on TV, but we do encourage everyone to have real estate as a part of a balanced portfolio. As you can imagine we get lots of questions here at Flipping America and today we are going to address many of them. I’m also going to take time today to review the latest news in the real estate world and while doing that I’m going to pick on yet another useless news article. Here’s a hint: If the article headline says “How To..” I’m going to read the article expecting some step by step how-to information. That’s a fair expectation right? If that article instead provides vague generalizations it should not have been published and deserves to be mocked. C’mon people, let’s hold ourselves and each other to a higher standard for reporting, writing, and communicating! How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: Think Realty Saturday and Sunday, Sept 22-23 FlipStarter Nov 2-3, Atlanta, GA   Lunch with me every Wednesday. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.   News! https://www.realtor.com/news/trends/best-places-live-2018/ https://www.housingwire.com/articles/46839-hud-secretary-ben-carson-lays-out-his-plans-for-affordable-housing-and-regulatory-reform https://www.housingwire.com/articles/46863-ftc-shuts-down-real-estate-websites-that-allegedly-preyed-on-section-8-renters https://gordcollins.com/real-estate/us-housing-market-looking-strong-2016-to-2020/ https://www.cnbc.com/video/2018/09/18/nahb-housing-market-index-at-67-in-september.html https://www.cnbc.com/video/2018/09/14/carolinas-real-estate-at-risk-from-florence.html https://money.usnews.com/investing/real-estate-investments/slideshows/9-reits-ideal-for-beginning-real-estate-investors?slide=3 https://www.investopedia.com/articles/etfs/top-real-estate-etfs/ “Useless article of the day award” https://money.usnews.com/investing/real-estate-investments/articles/2018-09-04/how-to-invest-in-luxury-real-estate Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: Questions@flippingamericaradio.com Tell us where you’re from! Drew, Pascagoula, MI, “I’m looking at buying a group of properties and they are giving me a “Quit Claim” deed. Is that the same as a Quick Claim Deed? And I don’t really know what that is anyway. Could you explain? And is this ok, in your opinion?” Benton, Baltimore, MD, “I am looking at an opportunity to buy several townhomes in a rough section of town for under $5,000 each. I’ll have to spend 30-40k on each one to make them rent ready, but they will rent for $1000 each. This seems too good to be true, so tell me what I’m missing.” Lori, Milwaukee, WI, “What is the secret to raising private money?” Arden, Villages of Ocala, FL, “What return should I look for in my rental portfolio? I’m getting about 7.8% after all expenses are considered. I hear people talking about getting 12-15% and wonder how they do that.” Carter, Las Vegas, NV “I know the numbers and have had some training. But how do I actually pull the trigger on my first deal? I just can’t seem to?” Shamsideen, Boulder, CO “My partners and I are looking at various opportunities, apartments, hotels, and mini-warehouses, to be specific. Can you offer guidance for us as we decide where to put our money?” Motivational Thoughts for the day Your true success in life begins only when you make the commitment to become excellent at what you do. — Brian Tracy
September 18, 2018
FAR 187 Real Estate Leading Indicators Expected Air Date: 9/17/18 Opening Thoughts and Prayers: Hurricane Florence Nearly every event I attend or speak, someone is asking questions about the state of the market. Those who were paying attention 10 years ago when the market crashed are concerned it will happen again. We plan to continue to report on the state of the market as it goes through its inevitable cycles. We will talk about what we see, how we are applying it in our business and perhaps give you some ideas about yours. But we had a further thought about adding real value to your lives by sharing with you our data points and our sources for the information we share with you. Some of our data and research comes with a price attached, but today I’m going to give you some no-cost techniques that will enable you to stay on top of the real estate market. The question is always about the state of the current market, but what we really want to know is where the market is going. Are we going to crash? Is it going to keep going up? One of the great things about real estate in this regard is its LACK of volatility. Once you know where to look and what to look for, reading the real estate market isn’t rocket surgery. I’m going to talk about these things and how they impact your decision making in your real estate business. You are going to want the show notes from today so you can see a glimpse of how we research the market and keep in mind how this impacts our business. How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: Think Realty Saturday and Sunday, Sept 22-23 FlipStarter Nov 2-33, Atlanta, GA   Lunch with me every Wednesday. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.   News! The July data is in from CoreLogic, Home prices up 6.2% year over year. Also from CoreLogic, Rent prices are up 4.1% year over year. Scare Tactic Headline: https://www.cnbc.com/2018/07/09/the-hottest-housing-market-in-the-country-may-be-headed-for-a-crash.html The article itself debunks the premise of the headline. Guest:   Topic: Real Estate Investing’s Leading Indicators This is how we predict where the market is going. Pricing Trends. Impact: Informs our Offer strategy Where is the market heading in the past quarter? What is the year over year difference? Which direction is it heading? Average Days on Market. Saturation rate. Impact: Informs our Offer price due to hold time. How long does it take to sell a house? https://www.zillow.com/sellers-guide/average-time-to-sell-a-house/ https://www.thebalance.com/how-long-does-it-take-to-sell-a-house-1799050 https://smartasset.com/mortgage/how-long-does-it-take-to-sell-a-house https://www.inman.com/2017/11/10/5-key-factors-average-time-sell-house-every-homeowner-needs-know/ How many months (or weeks) supply of inventory is out there? 3 months is balanced At the rate properties are selling, how long would it take us to sell out the current inventory? Housing Starts https://www.census.gov/construction/nrc/pdf/newresconst.pdf https://tradingeconomics.com/united-states/housing-starts Permits issued are up slightly, Starts are down slightly, year over year. We cannot count on new housing starts in the near term to ease inventory concerns. Mortgage Default and foreclosure rates: Google: “Foreclosure Data” and “Default Rate” https://www.attomdata.com/news/market-trends/april-2018-foreclosure-starts-dataset/ https://www.frbatlanta.org/community-development/data-and-tools/foreclosure-resource-center.aspx?panel=1 https://www.realtytrac.com/statsandtrends/foreclosuretrends/ https://www.attomdata.com/pre-foreclosure-data/ https://www.housingwire.com/articles/43318-mortgage-delinquency-keeps-falling-drops-for-19th-straight-quarter The rate of foreclosure has dropped for 19 straight quarters. It is at an historic low and has nowhere to go but up. Therefore it is easy to predict it will go up soon, but that’s no reason to panic. The rate should grow until it reaches it’s historic average. Interest Rates: Impact - Rates determine relative affordability. Can impact sales. Overall Economic Conditions: Strong Economy, low unemployment = buyers. Weak or uncertain economy will slow market down. Construction Costs: Affect our rehab and holding costs, impact our initial offer. We buy in any market so what difference does it make? If we know where the market is heading we can make adjustments: Offer amount Rehab Scope Selling Price Anticipate holding costs more accurately. This is all a part of being a responsible business owner and is the difference between a true professional and someone who took a seminar and is buying properties with hope, optimism and crossed fingers. And this is why I say on nearly every show, “it’s not for everyone.” So what should you do with all this? If you’re in the real estate business these trends affect your business whether you are paying attention or not. The difference is your awareness of the situation. And this is the difference between being able to plan for the future or simply reacting to it when it gets here. Motivational Thoughts for the day Your true success in life begins only when you make the commitment to become excellent at what you do. — Brian Tracy
September 18, 2018
FAR 186 Expected Air Date: 9/13/18 Opening One of the great opportunities in front of you as a real estate investor is the chance to invest your money through a Roth IRA, make profit, grow that wealth and one day when you retire, pay NO taxes on the profits. That’s just ONE thing a self-directed IRA can do for you. We welcome to the show today a new sponsor, American IRA. American IRA is dedicated to helping investors grow their wealth through self-direction and there is a healthy focus on real estate. With offices in Asheville and Charlotte, NC and Atlanta, GA, American IRA is ready to get your started, point you in the right direction, and keep you safe as you navigate the sometimes murky waters of IRS regulations. American IRA founder and President Jim Hitt will be joining us in just a few minutes. Jim started his career in the restaurant business, got involved in real estate and just never looked back. He’s been in real estate in one way or another for three decades. His commitment is to help other investors grow their wealth wisely and safely through the use of retirement accounts. He’s going to tell us about the basic setup of an IRA, answer some key questions about structure, growing your funds, strategies for investing, and the different type of options available to you. How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: September 12, Chantelle Owens at Flipping Atlanta, Tax Liens FlipStarter October 13, Atlanta, GA   Lunch with me every Wednesday. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.   Guest: Jim Hitt, American IRA    Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: Questions@flippingamericaradio.com Tell us where you’re from! Alphonso, Marietta, GA, “With the hurricanes threatening the east coast, can you comment about the impact of hurricanes and real estate investing?” Julian, Bay City, MI, “I watch the TV shows, and now I’ve found your show and I’m intrigued. There might be some opportunities around here, but we have long winters and I’m not sure it’s a good idea to be trying to do this in the winter time. What are your thoughts?” Cheryl, Washington, DC, “Does price range matter?” Polly, Visalia, CA, “I have an opportunity to buy an almond grove that is past its prime. The owner has gotten old and lost interest. The upside is our town needs housing and I could turn this into a nice subdivision of starter homes. But I have no idea how to proceed. Any suggestions?” Edward, Columbia, SC, “Someone told me that you mentioned on the show that our city is one of the few major metropolitan areas in the country that is NOT on fire. Why is that? And since I live in Columbia should I be looking elsewhere for opportunities?” Motivational Thoughts for the day Expect problems and eat them for breakfast. Alfred A. Montapert
September 18, 2018
FAR 185 The Harvest Expected Air Date: 9/10/18 Opening Real estate investing is like the weather - it’s always changing. But it’s unlike the weather in that you usually have to wait more than 5 minutes to see the change. With real estate, a multi-trillion dollar industry in the United States, you have multiple impact points each with their effect, but individually are like using a bumblebee to steer a barge into port. Example, Compass, opening a new office in Atlanta, talking about their use of proprietary technology to dominate the realty brokerage market. They will no doubt gain market share because of their deep pockets. But will they dominate? Unlikely. They represent a generation of investors enamored with technology and blinded by their own preference to machines over human interaction. But the entire company misses the point. Real estate sales require presence, that presence requires supervision, the supervision requires a trust, a set of ethical guidelines, enforced by a regulatory agency and ultimately there are licensed people - Realtors. When people are involved both as buyers and as representatives, relationships matter more than technology. Compass will survive, but will disappoint investors unless they master the people side of this. And their effect on the real estate market? Negligible at BEST. Most likely it will go completely unnoticed by most. Larger impact is seen through the activity of the government: interest rates, policy change, taxation. Interest rates: Direct impact on affordability and home sales. Policy Change: Example: loosening of capitalization requirements for lenders - more money and more creative loans available. Taxation: The tax laws passed last December have significantly affected home sales in the more expensive markets. Prices are dropping up and down the eastern seaboard. Soon to follow will be the luxury market Chicagoland and the west coast. We are tracking the changes, the impact points, and are sharing with you on what is becoming the fastest growing real estate show on the air. Today we are going to talk about the hot new markets in flipping houses, the decline of returns in flipping houses, a new bill in congress designed to ultimately eliminate Fannie Mae and Freddie Mac, and one of the MOST important factors millenials use when deciding to buy a home. This plus many of your questions coming up. How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: September 12, Chantelle Owens at Flipping Atlanta, Tax Liens FlipStarter October 13, Atlanta, GA   Lunch with me every Wednesday. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.   News! https://www.cnbc.com/video/2018/09/06/rep-hensarling-why-ginnie-mae-is-better-than-fannie-and-freddie.html https://www.cnbc.com/2018/08/31/millennials-put-pets-first-when-buying-a-home.html https://www.cnbc.com/2018/09/05/its-better-to-rent-than-to-buy-in-todays-housing-market.html https://www.cnbc.com/2018/06/22/americas-best-states-to-live-in-2018.html?recirc=taboolainternal https://www.realtor.com/news/trends/home-flippers-heading/ https://www.realtor.com/news/trends/forget-hgtv-surprising-new-hottest-markets-home-flipping/ https://www.attomdata.com/news/market-trends/home-sales-prices/q2-2018-u-s-home-sales-report/ https://www.cnbc.com/2018/09/04/starbucks-openings-predcit-higher-home-prices-says-harvard-study.html Topic: The Harvest. Bring in this years crop between now and December. Plant the seed for next year in November and December. Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: Questions@flippingamericaradio.com Tell us where you’re from! Candace, Boulder, CO, “The market here for buying a flip house is intensely competitive. I’m wondering if I should move to another area, buy deals with less profit, or try a different strategy.” When asked “what strategy she had in mind” she replied “lending.” Orville, Villages of Ocala, FL “I am an accredited investor and heard you mention a fund you were involved with. How do I get more information about it?” Carson, Jacksonville, FL “A friend sent me a copy of your talk on analyzing market trends and all I can say is thank you! This talk encouraged me to look into a different market over the weekend and I already have a new project under contract. What are the early signs of an area turning around?” Ophelia, Tampa, FL “I bought a couple of rental properties from one of those national gurus and instead of cash-flowing $200-300 per month, I’m actually losing money on them, when you add up all the extra expenses each year. What am I doing wrong? They told me these were good deals. I can’t afford to lose money each month.” Fernando, Austin, TX “I’m having a hard time understanding the rates and terms of hard money lenders. Everyone is different and the terminology is hard to follow. I think I understand LTV, but I thought the loan would be a percentage of the ARV. It’s something different - a lot less. And what is LTI? I’m like “well sure, yeah of course” with the lender because I don’t want to look stupid, but I’m not sure what we are even talking about.” Motivational Thoughts for the day Expect problems and eat them for breakfast. Alfred A. Montapert
September 18, 2018
FAR 184 Opportunity Spotting Expected Air Date: 9/8/18 Opening I get asked all the time about the market. When will this booming market end? Are we heading for a crash? When will it happen? How will it happen? What should I do to prepare? What’s it like to live through a market crash? Where is the opportunity now? What is the hottest market? Where should I be looking for deals? What’s it like to live in another country? Ok, that last one is a bit unrelated, but hey, during the crash, I considered finding out! Seriously though, everyone wants to know where they should be and what they should be doing. We spend time on this show figuring out just those answers and sharing them with you and we plan to continue for the foreseeable future. But today I’m going to teach you how to look for those opportunities yourself - just in case you want to know. So I’m going to provide the data points and the characteristics of a market that is, in our view, ripe for the picking. It’s like serving fish versus teaching you how to fish. We are going to keep on serving information you need, but today we are going to peek behind the curtain for a few minutes so you can read the circumstances like we do. How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: September 12, Chantelle Owens at Flipping Atlanta, Tax Liens Lunch with me every Wednesday. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.   Topic: Opportunity Spotting Motivational Thoughts for the day Act as if what you do makes a difference. It does. William James
September 18, 2018
FAR 183 Return Expected Air Date: 9/6/18 Opening Today we are going to talk about Returns. I’m not talking about tax returns - perhaps that’s another show. I’m talking about the Returns you receive. Yes I’ll discuss Return on Investment, but there’s also Return on Cash, Return on Equity Return on Assets. But there are other Returns in life beside the financial. There’s a Return on Effort, a Return on Deeds, a Return on Principles. Some of these things are difficult to precisely quantify, but we are going to do our best to provide food for your thinking. And I’m going to recommend you think through your investing decisions and using the ideas I’m sharing today, nearly every decision you make in your business is a type of investment and it will bring a “return.” There is a law of sowing and reaping discussed in the Bible. Some of us spend our youth sowing wild oats and then spend our adulthood praying for crop failure. Similar to this idea is the idea of Karma. We all have a few people that we would really like to say, “see that light ahead? That’s not the end of the tunnel, it’s the headlight of the Karma train about to visit you up close and personal.” From the computer business we get the old phrase GIGO - Garbage In Garbage Out. A computer can do amazing things amazingly fast, but the results are only as good as the programming that goes into it. All of these are just different ways of saying you get out of your investments, your job, your relationships, your church, your hobbies, your LIFE -- what you put into them. And this is generally true. So we are going to think about this, try to quantify some of it, and perhaps most importantly, try to help you understand how to respond and what to invest when you are on the wrong end of injustice. Because you know, sometimes life hands you a basket full of difficulties before you’ve ever had a chance to make mistakes. Occasionally we begin with an uphill struggle. It’s easy to think this is unfortunate, but for many, this challenging situation was the crucible in which their character, dedication, and determination were forged. And we MUST deal with the question of how to respond to a wrong when all we have done is sow good seed. We’ve invested kindness and it what we got in return was lies, cruelty, and heartache. I’m going to do my best to answer those questions in a few minutes when we talk about Returns. How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: September 12, Chantelle Owens at Flipping Atlanta, Tax Liens Lunch with me every Wednesday. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.   News! https://www.investopedia.com/terms/r/return.asp https://www.investopedia.com/terms/r/returnonassets.asp https://www.investopedia.com/investing/roa-and-roe-give-clear-picture-corporate-health/ Topic: Returns Financial Returns Return on Investment Return on Cash (annualize these) Return on Equity Return on Assets Non Financial Returns Return on Effort Return on Deeds Return on Principles Emails: Questions@flippingamericaradio.com Tell us where you’re from! Buster, Colorado Springs, CO “I’ve bought a ski resort cabin with my self-directed IRA. What is the limit on how much time I can use it each year?” Andi, Long Beach, CA “I’m looking at a flip here in Long Beach. The house is a run down 1800 sf 3/1 that I can buy for 600k. I put 70k into it and can sell it for 800. But when I calculate the interest for a loan to do this, it almost seems not worth doing. I have to put $100,000 into it and in the end I’ll net about 30k. Am I looking at this wrong? Is there something else I should be doing with the money?” Caroline, Birmingham, AL “I just heard about your Menternship and read about it on your website. Am I too late to join?” Albert, Harrisburg, PA, “How do you handle buying deals from HUD, Banks, or wholesalers that do not allow a due diligence period?” Motivational Thoughts for the day Optimism is the faith that leads to achievement. Nothing can be done without hope and confidence. Helen Keller
September 18, 2018
FAR 182 Expected Air Date: 8/30/18 Opening I realized after we concluded Monday’s show that I had promised to make fun of a “news” story about real estate and I had just run out of time. So I’m leading off today by keeping that promise to you. Real estate is not a controversial topic and is largely apolitical. We try our best to keep politics out of this show. But I suppose I shouldn’t be surprised when a reporter’s bias sneaks through in subtle ways. That’s my reason for sharing this article with you - not because I deeply care about what she is wrong about, but because I want YOU to pay attention to the way words can reflect bias and shape opinion. So here comes the headline... How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: September 12, Chantelle Owens at Flipping Atlanta, Tax Liens Lunch with me every Wednesday. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.   News! https://www.realtor.com/news/real-estate-news/mortgage-rates-tumble-housing-starts-drag-economy/ Emails: Questions@flippingamericaradio.com Tell us where you’re from! Madison, Atlanta, GA, “When you are renovating something to rent, how is that different from renovating to sell?” Carl, Charlotte, NC, “I wanted to come to your mentoring classes this week but just couldn’t get away from here for four days. Will you be coming to Charlotte or do you have an online course I can take?” Evan, Lancaster, PA, “What are the numbers I should look for when buying something to flip?” Charlene, Villages of Ocala, FL, “I have half a dozen possibilities here, and none of them fit the MAO formula, but they are all coming in about 80% of ARV. The good news is, I can buy four of them subject to. Do you ever make exceptions on your MAO rule if you can use creative financing to buy them?” Elian, Jacksonville, FL, “Is the ‘no money down’ deal really possible? If so, how does it work?” Rachel, Elizabethtown, KY “How do you decide whether to keep a property to flip or keep it for a rental?” Motivational Thoughts for the day Act as if what you do makes a difference. It does. William James
September 18, 2018
FAR 181 Expected Air Date: 8/27/18 Opening Good morning everyone! A year ago I predicted that by mid-2018 the real estate sales would be slowing down and heading toward a balanced market. Was I right? I’ve got the answer for you today. A month ago it looked like I had missed on this prediction but there is more news today that points to a conclusive trend. In a few minutes I’m going to dig into the new data. I’m also going to pick on a “not news” story disguised as news. Rather than just labeling it “fake news” and moving on, I’m going to show you how bias can affect a choice of words that could lead readers to a desired, yet not necessarily correct conclusion. Today we are going to dig into more of your questions about the opportunities out there and some of the challenges you are facing. All this is coming up in a few moments. How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: The Flipping America Mentoring Program, August 28-31, Sandy Springs, GA Menternship Also. Ten Deal Sources explored and explained. Complete Deal Analysis. Finding the re-sale value of any residential property in the U.S. How to estimate repairs from your desktop. How to finalize a repair estimate through a site visit. Structuring your business for effectiveness and asset protection How to set up a web site for your business. Understanding the various ways to get your deal funded. Learn creative deal structures. The mini-course in negotiating The full course in renovation. How to find, vet, and hire contractors. How to manage the process How to solve the inevitable problems that arise. Learn how you could get your deal 100% funded - not just your next one, but every deal you ever do from now on. Get all the forms, the documents, the checklists, the procedures Get the scripts for your conversations Hiring questions for realtors and contractors Answering the phone Talking to sellers Build rapport Get key information Learn motivation The course comes with on-going weekly group coaching calls You also get one-on-one guidance through your first four flips. This is the three day dive into a year’s worth of training and guidance. But our commitment to you doesn’t end in one year. We are with you at LEAST through your first four flips and definitely until you have more than doubled your training investment. What is the investment? What is reasonable? Let’s talk about $50,000. The cost is $12,967, but if you use the coupon code “radio” your cost is $9,967. Go to www.flippingamericanetwork.com/Mentoring and sign up today. We only take about 10 people per class and several have already signed up. There’s just a few seats left. Lunch with me every Wednesday. Monday the 27th of August, speaking at the West REIA, Cherokee Cattle Company, Marietta, GA Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.   News! https://www.attomdata.com/news/market-trends/foreclosures/july-2018-u-s-foreclosure-market-report/ https://www.attomdata.com/news/market-trends/home-sales-prices/q2-2018-u-s-home-sales-report/ https://www.realtor.com/news/real-estate-news/existing-home-sales-fell-fourth-straight-month-july/ https://www.realtor.com/news/real-estate-news/mortgage-rates-tumble-housing-starts-drag-economy/ https://www.nreionline.com/lending/new-opportunities-open-capital-markets-amid-dodd-frank-rollbacks https://www.nreionline.com/finance-investment/what-every-real-estate-investor-should-know-about-cost-segregation https://constructionliens.uslegal.com/ Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: Questions@flippingamericaradio.com Tell us where you’re from! Milton, Kansas City, MO, “I heard you talk about a Commencement of Work document and I wonder if you know whether it is required or recommended in Missouri?” https://constructionliens.uslegal.com/ Harold, Detroit, MI, “We have so many types of opportunities here in Detroit right now - older homes in the city and relatively newer homes in the close-in suburbs - but they are still 40 years old. I’m not sure where to start or should I just take the first opportunity that comes to me?” Jennifer, Nashville TN, “I am working on a rehab project and when I go visit the site I really don’t know what they are doing or how well they are doing it. I’m faking it, and I think they might know I’m faking it. How do I get the knowledge I need?” Community College Big Box store courses Do something yourself - get advice from your local building supply store. Don’t be afraid to ask questions. Don’t be afraid to look dumb. You are not expected to be an expert in home construction right now. The contractor will respect your honesty and your ability to put the deal together. Ashley, Boulder, CO, “I’m having a problem getting a contractor to even look at my rental house. Everyone claims they are too busy. I think it’s because I’m a woman. I know you are a man but do you find that other women have this problem? Have you seen them overcome it and if so, how?” Al, Ann Arbor, MI “I’m doing a few flips each year here in my area but people are talking a lot about Detroit. It’s about a hour’s drive for me but I’m wondering what you would do in my shoes?” Steven, Waukesha, WI “It’s late August and I’m looking at a couple of real deals here, but winter is coming and I’ll be trying to sell them in January. Should I hold off?” Motivational Thoughts for the day Act as if what you do makes a difference. It does. William James
September 18, 2018
FAR 180 Expected Air Date: 8/25/18 Opening We get one chance at this life. We owe it to ourselves to get it right. That doesn’t mean we should expect perfection. What it DOES mean is we should take enough time to think about what we are doing and where we are going to improve the quality of our decisions along the way. When it comes to real estate it’s easy to make a $10,000 mistake. But if you make enough of those you are going to wind up in trouble. Today we are going to help you get it right -- Get it right when you purchase a property. Get it right when you create a repair budget. Get it right when you make repairs. Get it right when you rent it out. Get it right when you sell it. You’ll find that if you’re willing to go to war with the details and get some things right, your business is going go better and let’s face it, if your business goes better, life goes better. In the news coming up we FINALLY have a reason to go to Baltimore. Ok, no offense to Pat Dornan with Ultimate Rehab Estimator, but Baltimore isn’t one of our favorite places to visit, but that’s about to change. I’ll tell you why coming up. Also today, the world’s largest Sovereign Wealth Fund missed it’s quarterly return target for the second quarter in a row. I’ll tell you about the fund and what a pitiful job they are doing in just a few minutes. Also on the show today, some things you need to know about flood insurance and living in a flood zone. All that and more coming up... How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: TONIGHT the 27th of August, speaking at the West REIA, Cherokee Cattle Company, Marietta, GA 6:30 pm The Flipping America Mentoring Program, August 28-31, Sandy Springs, GA Menternship Also. Ten Deal Sources explored and explained. Complete Deal Analysis. Finding the re-sale value of any residential property in the U.S. How to estimate repairs from your desktop. How to finalize a repair estimate through a site visit. Structuring your business for effectiveness and asset protection How to set up a web site for your business. Understanding the various ways to get your deal funded. Learn creative deal structures. The mini-course in negotiating The full course in renovation. How to find, vet, and hire contractors. How to manage the process How to solve the inevitable problems that arise. Learn how you could get your deal 100% funded - not just your next one, but every deal you ever do from now on. Get all the forms, the documents, the checklists, the procedures Get the scripts for your conversations Hiring questions for realtors and contractors Answering the phone Talking to sellers Build rapport Get key information Learn motivation The course comes with on-going weekly group coaching calls You also get one-on-one guidance through your first four flips. This is the three day dive into a year’s worth of training and guidance. But our commitment to you doesn’t end in one year. We are with you at LEAST through your first four flips and definitely until you have more than doubled your training investment. What is the investment? What is reasonable? Let’s talk about $50,000. The cost is $12,967, but if you use the coupon code “radio” your cost is $9,967. Go to www.flippingamericanetwork.com/Mentoring and sign up today. We only take about 10 people per class and several have already signed up. There’s just a few seats left. Lunch with me every Wednesday. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.   News! https://www.cnbc.com/2018/08/21/the-worlds-largest-sovereign-wealth-fund-just-missed-its-own-target.html https://www.cnbc.com/video/2018/08/16/housing-market-shifting-to-buyers-homebuyer-home-seller.html https://www.realtor.com/news/real-estate-news/ https://www.cnbc.com/2018/08/14/5-things-homebuyers-must-know-about-flood-insurance-.html https://www.cnbc.com/2018/08/14/ireland-in-maryland-guinness-opens-first-us-brewery-in-60-years.html Topic: Get it Right Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: Questions@flippingamericaradio.com Tell us where you’re from! Evangelina, Baltimore, MD, “I understand the MAO formula. But I can’t find any deals that fit that number. Several of my friends are buying above the price that formula recommends and they seem to be doing ok. Can you explain some of the reasoning behind it?” Roderick, Tampa, FL, “I want to buy rental properties. It seems like if the property has $200/month or more in positive cash flow I should be fine. But one of my friends said I should check with you. No offense but I had never heard of you until now. Am I missing something here? $2400 a year is good money and with 10 of those I can quit my job.” Stephen, Boulder, CO, “Can you explain the difference between cap rate and cash on cash return? What should I be looking for when buying a single family rental?” Sherry, Sebring, FL, “What are the key steps when buying a flip project in another town?” Lynetta, Jackson, WY, “We want to bounce back and forth between Jackson and Austin, TX, you know, avoiding the weather extremes but getting in some skiing when we want, etc. We are both in our mid 50’s and our question is should we buy something in both places or just do longer-term rentals? We could pay cash for both places, but can’t help but wonder if our cash is better off elsewhere.” Rhonda, Milwaukee, “Estimating a rehab is overwhelming to me. I just don’t know where to start. Please help.” Motivational Thoughts for the day "People often say that motivation doesn't last. Well, neither does bathing -- that's why we recommend it daily." -- Zig Ziglar
September 18, 2018
FAR 179 Expected Air Date: 8/23/18 Opening We’ve had great feedback from the home technology show with Don DeRosa. If you missed it you can still listen to it both on the Flipping America App, where it is show # 147 or watch the video of the interview on our YouTube Channel. But we continue to get questions about technology, not just the technology we put into our properties, but the technology we use to make our businesses run and work. A little later on, I’m going to answer that question for you and tell you about the technology solutions we use here in our business. And I’m going to answer a question we get quite often: “How do you send out social media messages all day long? Do you have an employee that just sits there tweeting thing s out?” Fannie Mae and Freddie Mac are out with a new loan product this month which I believe will have a significant impact in 5 years and that impact won’t be a good thing. But take heart investors! With every dumb decision followed by inevitable loss and heartache, there is opportunity for someone. I’m going to break down the news, tell you what’s going to happen, and prepare you for the fallout. How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: The Flipping America Mentoring Program, August 28-31, Sandy Springs, GA Menternship Also. Ten Deal Sources explored and explained. Complete Deal Analysis. Finding the re-sale value of any residential property in the U.S. How to estimate repairs from your desktop. How to finalize a repair estimate through a site visit. Structuring your business for effectiveness and asset protection How to set up a web site for your business. Understanding the various ways to get your deal funded. Learn creative deal structures. The mini-course in negotiating The full course in renovation. How to find, vet, and hire contractors. How to manage the process How to solve the inevitable problems that arise. Learn how you could get your deal 100% funded - not just your next one, but every deal you ever do from now on. Get all the forms, the documents, the checklists, the procedures Get the scripts for your conversations Hiring questions for realtors and contractors Answering the phone Talking to sellers Build rapport Get key information Learn motivation The course comes with on-going weekly group coaching calls You also get one-on-one guidance through your first four flips. This is the three day dive into a year’s worth of training and guidance. But our commitment to you doesn’t end in one year. We are with you at LEAST through your first four flips and definitely until you have more than doubled your training investment. What is the investment? What is reasonable? Let’s talk about $50,000. The cost is $12,967, but if you use the coupon code “radio” your cost is $9,967. Go to www.flippingamericanetwork.com/Mentoring and sign up today. We only take about 10 people per class and several have already signed up. There’s just a few seats left. Lunch with me every Wednesday. Monday the 27th of August, speaking at the West REIA, Cherokee Cattle Company, Marietta, GA Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.   News! https://www.foxbusiness.com/personal-finance/fannie-mae-freddie-mac-offer-home-loans-for-3-down Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: Questions@flippingamericaradio.com Tell us where you’re from! Vincent, Macon, GA, “It seems that all the great deals are in a bad part of town. Is that true everywhere? How do I make any money there?” Elise, Port St. Lucie, FL, “I really liked the show you did on smart home technology. Can you talk a bit about the technology, programs, apps, and other solutions you use in your real estate business?” Stephen, Boulder, CO, “Can you explain the difference between cap rate and cash on cash return? What should I be looking for when buying a single family rental?” Sherry, Sebring, FL, “What are the key steps when buying a flip project in another town?” Lynetta, Jackson, WY, “We want to bounce back and forth between Jackson and Austin, TX, you know, avoiding the weather extremes but getting in some skiing when we want, etc. We are both in our mid 50’s and our question is should we buy something in both places or just do longer-term rentals? We could pay cash for both places, but can’t help but wonder if our cash is better off elsewhere.” Motivational Thoughts for the day "People often say that motivation doesn't last. Well, neither does bathing -- that's why we recommend it daily." -- Zig Ziglar
September 18, 2018
FAR 175 Expected Air Date: 8/9/18 Opening www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: Lunch with me every Wednesday. Thursday August 9th, speaking at Flipping Atlanta “Investing in Real Estate with Your Self-Directed IRA” Tuesday August 14th, speaking at Catalyst, “Contractor Impossible” Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.   News! https://www.news-press.com/story/money/2018/08/05/five-reasons-why-real-estate-market-year-could-southwest-florida-best-ever/852009002/ https://www.postandcourier.com/business/real_estate/school-re-openings-influence-local-real-estate-market/article_94f4410c-9504-11e8-b4db-57424629d9af.html https://www.dailyrepublic.com/projects/home-seller/solano-real-estate-scene-are-we-in-another-housing-market-bubble/ https://www.wthr.com/article/watch-real-estate-update-market-slowing-down http://www.crainsdetroit.com/article/20180805/news/667746/housing-demand-auto-research-drive-commercial-real-estate-market-in-ann https://www.columbian.com/news/2018/aug/05/after-solid-rebound-whats-next-for-small-cap-real-estate-stocks/ http://rismedia.com/2018/08/05/real-estate-forever-brand-gaining-new-insight-berkshire-hathaway-homeservices/ https://pagesix.com/2018/08/02/usher-sells-the-mansion-he-bought-at-the-start-of-his-career/ https://pagesix.com/2018/08/01/judge-judy-buys-9m-rhode-island-mansion/ https://www.realtor.com/news/trends/top-10-places-big-houses-bargain/ Guest:   Ken Arnold Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: Questions@flippingamericaradio.com Tell us where you’re from! Meredith, Pittsburgh, PA, “I want to invest in real estate, but I don’t want to own rental properties and I don’t want to do flips. I want passive investment. I know about REITs and I’ve done some checking into crowdfunding sites. The REITs don’t have great returns but they seem relatively safe. The crowdfunding makes me leery. I know they are probably doing just fine but it seems a little dicey to me. How should I be thinking about where to put my money?” Sydney, Lancaster, PA, “I’m confused about getting my business set up. I own three rental houses and a duplex, all titled in my own name. I just watched a webinar on asset protection. I heard that I needed to form a Nevada Corporation, which they were willing to set up for me -- for a fee of course. Since it was a webinar I looked up what it cost and they were adding about $1000 to what it would really cost. So I passed. But the logic seemed compelling. So I think I need to do something. I would like your input.” Ellen, Villages of Ocala, FL, “We are trying to maximize the returns on our self-directed IRA. We started a little late in the game and don’t really have enough money in there to buy and flip a house. Any suggestions?” Karenza, Long Beach, CA “I want to dive into buying rental properties here in southern california. My question is, am I too late?” Britney, Penn Hills, PA “My husband and I are finishing up our first flip -- so exciting! We are having a discussion about interior paint colors. Our property is in an area that has a lot of investor activity with trendy styles and colors. I want a bold color scheme, but my husband wants builder’s beige. Can you settle the debate?” Motivational Thoughts for the day “Dreams will get you nowhere, a good kick in the pants will take you a long way…” Baltasar Gracian
September 7, 2018
FAR 178 Seminar Seduction Expected Air Date: 8/20/18 Opening If you’ve been around this business awhile, going to networking meetings or REIA groups, you’ve seen it - the tire-kicker. Or as we sometimes refer to the person - the Seminar Junkie. It took me about two visits to the group to realize that the vast majority of people who attend these meetings or belong to the networking groups are never going to actually do anything. I am the official organizer of three meetup groups in the Atlanta area with a combined membership of just over 5,000 people, which sounds pretty impressive until I share with you that I think out of the three groups perhaps 50 people are active investors and maybe 10 of those are doing this as their full-time job. I’m not criticizing the other group members. Some are gathering information and considering their options. Some are highly motivated and are planning their new career as well as the exit from their current career. Some are just lonely and want to meet people, so they join meetup groups. It’s all fine. My concern is primarily for the self-deluded. These are the people who think they want to be in this business, and really intend to be, but there is something in their psyche that prevents them from taking action. I’m pretty sure I don’t know how to get anyone over that hurdle, because I never had to engage in conscious steps to take action - it’s just always been a part of me. But I’m going to do what I can to help you today to overcome Seminar Seduction. And ironically, I’ll be offering my seminar to you today on the show, coming up in a few moments. Did you know that there are nearly two dozen United States cities that are predicted to have an AVERAGE home price of over a million dollars by mid 2019? I’ll tell you where they are in just a few minutes. You’ll be very surprised at a few of them. That plus more news, information, and a scam alert coming up. How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: The Flipping America Mentoring Program, August 28-31, Sandy Springs, GA Menternship Also. Ten Deal Sources explored and explained. Complete Deal Analysis. Finding the re-sale value of any residential property in the U.S. How to estimate repairs from your desktop. How to finalize a repair estimate through a site visit. How to set up a web site for your business. Structuring your business for effectiveness and asset protection Understanding the various ways to get your deal funded. Learn creative deal structures. The mini-course in negotiating The full course in renovation. How to find, vet, and hire contractors. How to manage the process How to solve the inevitable problems that arise. Learn how you could get your deal 100% funded - not just your next one, but every deal you ever do from now on. Get all the forms, the documents, the checklists, the procedures Get the scripts for your conversations Hiring questions for realtors and contractors Answering the phone Talking to sellers Build rapport Get key information Learn motivation The course comes with on-going weekly group coaching calls You also get one-on-one guidance through your first four flips. This is the three day dive into a year’s worth of training and guidance. But our commitment to you doesn’t end in one year. We are with you at LEAST through your first four flips and definitely until you have more than doubled your training investment. What is the investment? What is reasonable? Let’s talk about $50,000. The cost is $12,967, but if you use the coupon code “radio” your cost is $9,967. Go to www.flippingamericanetwork.com/Mentoring and sign up today. We only take about 10 people per class and several have already signed up. There’s just a few seats left. Lunch with me every Wednesday. Monday the 27th of August, speaking at the West REIA, Cherokee Cattle Company, Marietta, GA Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.   News! https://www.forbes.com/sites/forbesrealestatecouncil/2018/07/09/15-surprising-real-estate-trends-impacting-2018/#507c4b1a4c5e https://www.pwc.com/us/en/industries/asset-wealth-management/real-estate/emerging-trends-in-real-estate.html Your Top Resource for what’s happening in the world of real estate. https://www.flippingamericanetwork.com/ https://www.mlive.com/news/flint/index.ssf/2018/08/police_warn_residents_about_on.html https://www.zillow.com/research/cities-with-1-million-home-value-20950/ https://www.marketwatch.com/story/why-real-estate-investors-should-still-steer-clear-of-turkey-even-as-the-lira-rebounds-2018-08-18 Emails: Questions@flippingamericaradio.com Tell us where you’re from! Francesca, Providence RI, “I want to wholesale properties. How do I set a price?” Eliot, Monroe, GA, “I live in a small town, but there is a nice lake and resort nearby with lots of lakefront second homes. Can you suggest an investing strategy for me?” Carter, Las Vegas, NV, “I’ve been to few real estate seminars and read a couple of books on investing, but I still don’t believe I’m ready to take the plunge. I need a clear concise guide on getting started. Can you help me take the next step?” Vincent, Macon, GA, “It seems that all the great deals are in a bad part of town. Is that true everywhere? How do I make any money there?” Elise, Port St. Lucie, FL, “I really liked the show you did on smart home technology. Can you talk a bit about the technology, programs, apps, and other solutions you use in your real estate business?” Motivational Thoughts for the day "People often say that motivation doesn't last. Well, neither does bathing -- that's why we recommend it daily." -- Zig Ziglar
September 7, 2018
FAR 177 Expected Air Date: 8/13/18 Opening I have a great photo in my humor collection of a pig who looks like he’s smiling at the camera. The caption says, “I turn vegetables into bacon. What’s your super power?” I have an unsurprisingly large number of bacon jokes in this collection but this is one of my favorites. Humor aside, I want to ask you this question today. If you could have any super power, what would it be? What if I told you that you already have a power inside of you that is remarkable, perhaps even super? You have a few actually, but today I want to zero in on the power that is already inside of you to make your life count -- to live a life that has depth and meaning is within your grasp. You have the power! And in a few minutes I’m going to tell you how to unleash that power. www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: Lunch with me every Wednesday. Tomorrow! August 14th, speaking at Catalyst, “Contractor Impossible” Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.   Topic: The Power of Meaning You have the power to attach meaning to your life. From the grandest plans, the wildest unexpected experiences, the unpredictable and often hurtful behavior of others, right down to the smallest details of your everyday existence, you decide not only how meaningful these are to you, but what that meaning is. This is an awesome power which can be both tremendously positive and dangerous at the same time. Dangers Giving too much importance to the unimportant. Making everything important. Making nothing important. Focusing on the wrong problems. Attaching disconnected “meaning” to life events. Positives Ability to sort out and prioritize. Think carefully about the “presenting issue” and look for the real problem. Attach meaning that flows from your sense of purpose and larger belief system. Realize that impulse reactions may be “normal” in a sense, but not usually the most helpful responses. So what are the steps to living a meaningful life? First, think long and hard about what “meaningful” means? Ask yourself a lot of questions. What is important to you? Why? And why is that your answer? For example, Meaningful are those things that are Lasting Personal Sources of joy, peace, contentment, entertainment, humor, fulfillment It seems that the longer something lasts, the more intrinsic meaning it has. The human soul -- Your house -- Your car -- Your toothbrush. While we want to believe that every life has value, we obviously attach more value to those around us. The closer a person is, the more meaningful that relationship is. A distant person we’ve never met or heard of is brutally murdered in another city. While we may feel a moment of sadness or compassion for that person and his/her family, we are not as impacted as we are when a close friend is robbed at gunpoint. And THAT doesn’t shake us as much as hearing a doctor say we have a terminal illness. The point is, the more personal something is, the more meaning we naturally attach to it. We all carry excess baggage around in the form of attaching meaning to people or life events that we could probably let go and just be better off. Is it really that easy to just drop it? No, but that’s not what I’m suggesting either. I’m suggesting that instead of holding on to the bag of “stuff”, open it up, sort through it, think the thoughts that need to be thought, feel the feelings that need to be felt, decide what needs to be decided, take responsibility for whatever you can actually do now about the situation, ask yourself what is to be learned here, how did this event or person prepare you, enrich you, inform you. I encourage you to unpack that bag carefully, thoughtfully and purposefully. And once you have done that, pack it back up and put it into long term storage, saving out only those things that you intentionally choose. Now that’s for the things and people that have already happened. Today is a new day. How will we approach this with meaning and purpose? I want you to have a good day. And a truly good day is one that begins well. For most of us, what happens in the first couple of hours of our day tends to set the tone for how that day is going to go. Now if you listened to what I’ve just said, this doesn’t HAVE to be the case, but it usually is. So as much as possible, let’s start each day off well. Notice I’m avoiding saying “great”. Every day can’t be great. Because if they were, none of them would be truly great, since great is comparison word and in order to be great, something else has to be less than. So your goal is to have a GOOD day. And some of them will turn out to be great! You’ll have no trouble finding 1000 books and articles telling you to start out your day with exercise, a healthy breakfast, quiet time, journaling, and so on. Nothing wrong with any of those, but some of us have a schedule that defies regularity and many more of us just don’t really keep up with those things consistently. And by defining a good day as starting off with those habits, when we miss, our day can be ruined by self-inflicted guilt. Here’s a different idea: Start your day with thinking. No matter what your routine is, or how it is interrupted, you can do some thinking, right? While in the shower, during that commute, even while getting dressed, there are things we HAVE to do in order to start our day that do not require our complete attention, so have some thinking time at the beginning of each day. And what should you think about? Here are some suggestions: The Thankful list. My Purpose - This is a different show, but review your “why am I here” statements. The things that give my life meaning. How will I have a chance to accomplish these today? Honoring God Helping others Providing for my family Get 5 things done today. What are they? Anticipate Interruptions. See any possibilities? Small Reward for a Good Day. Favorite TV show Patio Time A favorite beverage Then try to do something physical each day, even if it’s just going for a walk. Physical activity does more than benefit your body - it also frees your brain. Exercise can be a potent treatment for depression and anxiety. You don’t have to be a gym rat -- but you can probably walk a mile in 20 minutes, so walk somewhere for 10 minutes and then turn around and walk home.  That’s much better than doing nothing. You have the Power of Meaning. You are already using this power, but if you realize just how powerful you are, you can start now to shape the life you want. Emails: Sherry, Colorado Springs, “Do you buy burnouts? What do you think about this? I’m looking at a house that had a kitchen fire. Most of the house is fine, but the kitchen is destroyed.” Shawn, Long Beach, “I bought a house using information from an online deal analyzer but now I can’t find anyone who will do the work for what the analyzer said it should cost. The repairs are going to take out all the profit or most of it. What would you do?” Sammy, Tampa, “How does anyone have more than 9 rental properties? My bank just told me I can’t get any more loans.” Craig, Harrisburg, PA, “I need advice for someone who is young, very motivated and willing to work, but has no experience, no money, and no credit. I don’t have bad credit - I don’t have any credit. I just turned 20 and really want to get into real estate. I’m in community college part time, but don’t have enough money to pay for full time college at the university, and I don’t want to do student loans.” Kerry and Brittany, Jacksonville, FL “We are first time home-buyer and have a house under contract. The home inspector has listed several items that need to be addressed and it has us running scared. But it was so difficult to find a house and win a bid, we hate to give it up. Please advise us. Here’s the list: HVAC is 10 years old. Recommend replacing. Roof was improperly flashed at dormers. Recommend removing current roofing material in affected area, properly flashing and sealing, and replacing roofing material. (roof is asphalt shingle) GFCI outlets are not present in bathroom or above countertop in kitchen. Recommend replacing outlets with properly install GFCI outlets Motivational Thoughts for the day “Hardships often prepare ordinary people for an extraordinary destiny.” C.S. Lewis
September 7, 2018
FAR 176 Expected Air Date: 8/11/18 Opening We are going to take some time today to open the mail and answer a lot of your questions. Thanks for writing in and keep the questions coming. As always we answer every question that comes in and some of them we set aside to answer on the show. www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: Lunch with me every Wednesday. Thursday August 9th, speaking at Flipping Atlanta “Investing in Real Estate with Your Self-Directed IRA” Tuesday August 14th, speaking at Catalyst, “Contractor Impossible” Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.   News! https://www.news-press.com/story/money/2018/08/05/five-reasons-why-real-estate-market-year-could-southwest-florida-best-ever/852009002/ https://www.postandcourier.com/business/real_estate/school-re-openings-influence-local-real-estate-market/article_94f4410c-9504-11e8-b4db-57424629d9af.html https://www.dailyrepublic.com/projects/home-sehttps://www.postandcourier.com/business/real_estate/school-re-openings-influence-local-real-estate-market/article_94f4410c-9504-11e8-b4db-57424629d9af.htmlller/solano-real-estate-scene-are-we-in-another-housing-market-bubble/ https://www.wthr.com/article/watch-real-estate-update-market-slowing-down http://www.crainsdetroit.com/article/20180805/news/667746/housing-demand-auto-research-drive-commercial-real-estate-market-in-ann https://www.columbian.com/news/2018/aug/05/after-solid-rebound-whats-next-for-small-cap-real-estate-stocks/ http://rismedia.com/2018/08/05/real-estate-forever-brand-gaining-new-insight-berkshire-hathaway-homeservices/ https://pagesix.com/2018/08/02/usher-sells-the-mansion-he-bought-at-the-start-of-his-career/ https://pagesix.com/2018/08/01/judge-judy-buys-9m-rhode-island-mansion/ https://www.realtor.com/news/trends/top-10-places-big-houses-bargain/ Emails: Questions@flippingamericaradio.com Tell us where you’re from! Ellen, Villages of Ocala, FL, “We are trying to maximize the returns on our self-directed IRA. We started a little late in the game and don’t really have enough money in there to buy and flip a house. Any suggestions?” Karenza, Long Beach, CA “I want to dive into buying rental properties here in southern california. My question is, am I too late?” Britney, Penn Hills, PA “My husband and I are finishing up our first flip -- so exciting! We are having a discussion about interior paint colors. Our property is in an area that has a lot of investor activity with trendy styles and colors. I want a bold color scheme, but my husband wants builder’s beige. Can you settle the debate?” Wally from Aurora, CO “I want to invest in the marijuana industry. What are your thoughts?” Allie, Milwaukee, WI “I’m looking at an older home - about 50 years old. In the basement, the wall is cracked and bulging out just a little. The bulge is about 5 feet off the floor, and it’s no more than 2” out of plumb with the wall, but the entire wall is slightly displaced. I looked for cracks in the walls upstairs and didn’t see any. The seller told me they completely remodeled the house 10 years ago and tore out the plaster walls and put in new drywall. This could be a nice profitable project but how concerned should I be? Frankie, Manchester Maine, “You seem to buy just about anything. What are things you DON’T or WON’T do?” Suzanne, Tampa FL “How do you do your show three times a week, post on social media like nobody’s business, teach house flipping, make videos AND run your business? I’m not trying to challenge you. I really want to know how you do it? Motivational Thoughts for the day “Dreams will get you nowhere, a good kick in the pants will take you a long way…” Baltasar Gracian
September 7, 2018
FAR 174 Expected Air Date: 8/6/18 Opening Ok, I’ve given away my content a bit with the title “Feelings are Overrated.” But I’m going to back it up. I’m reminded of a press conference with Coach Bobby Knight when, after a particularly difficult loss a reporter asked him how he felt. Even at the time I thought it was a dumb question, but Coach Knight didn’t disappoint. He tore into the reporter and reminded all of us what a stupid question sounds like. That hasn’t deterred reporters from asking the most obvious question over and over - “How do you feel?” First of all, the answer to that always goes without saying. The reporter asking it is not seeking news, but rather echoing the sentiment in our culture that we should be focusing on and thinking about our feelings. Today I’m going to challenge that notion and put forth the idea that while feelings are a part of our lives and should be acknowledged, 75 years of focusing on them hasn’t made anything better and possibly has made things worse. If you’re like me, and I bet you are, you see someone doing something completely senseless everyday. You also see people acting in complete disregard for everyone around them, as if the universe revolves around them. And lastly you probably see people who have a strong sense of self-esteem without any logical or apparent reason in their life why they should feel good about themselves. By focusing on our feelings we have lost our way when it comes to doing the hard stuff. A culture and a nation grows soft while contemplating our feelings. And the true tragedy is found in the belief that if we can discover how we truly feel, we will be better. The fact is, once we spend the time to discover how we truly feel, all we have done is focus on the emotion, but we haven’t progressed toward any meaningful recovery. Watch a little TV and you will no doubt see a commercial for a new wonder drug designed to address one of your emotional states. Never mind the 5 pages of potentially life-threatening side effects they read off in super speed, the extent the drug works is the extent to which is numbs that feeling somehow. In a few minutes I’m going to share with you a better way - a way to acknowledge your feelings and still get useful things done. I want to give you a hint now, but I think I’ll leave it at that. www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: Lunch with me every Wednesday. Thursday August 9th, speaking at Flipping Atlanta “Investing in Real Estate with Your Self-Directed IRA” Tuesday August 14th, speaking at Catalyst, “Contractor Impossible” Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.   News! https://therealdeal.com/2018/08/04/are-resi-markets-headed-for-a-global-apocalypse/ https://www.denverpost.com/2018/08/03/denver-housing-market-cooling/ https://techcrunch.com/2018/08/03/rentlogic-lands-millions-to-grade-nyc-real-estate-for-renters-and-landlords/ https://www.housingwire.com/articles/46372-wells-fargo-reveals-software-error-wrongly-denied-much-needed-mortgage-modifications https://www.realtor.com/news/trends/foreign-buyers-buying-less-u-s-real-estate/ https://www.realtor.com/news/trends/fastest-growing-suburbs/ https://www.forbes.com/sites/ellenparis/2018/04/23/springs-2018-real-estate-market-is-a-good-news-bad-news-story/#3a1330902c35 https://www.quickenloans.com/blog/emerging-summer-trends-home-decor https://www.refinery29.uk/ikea-interiors-trends-autumn-winter-2018 https://www.refinery29.uk/ikea-interiors-trends-autumn-winter-2018 Topic: Feelings are Overrated If your life is a play, “feelings” is one of the actors, but definitely NOT the director. Purpose is the director of our day to day lives. We’ve spent two generations getting in touch with our feelings, and all we’ve done is feel worse than ever before. While acknowledging our feelings, do what needs to be done and in so doing notice that we begin to feel differently, often better. Physical exercise combats depression. Progression of Activity and Reaction: Activating Event (external) Feeling Thought Decision Action Immediate problems result if we skip the “thought” step. Unfortunately our culture has been training people for at least 75 years to focus on their feelings which has led to acting on or responding to those feelings. If we completely ignore our feelings we may run into problems down the road, but our decisions will be more productive and reasonable. Here’s another problem. Few people have practiced thinking before acting for so long, fewer still know what or how to think when they set out to do so. In general, schools don’t really teach people how to think. They spit out facts for memorization and grades are based on the ability to memorize, not the ability to think. Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: Questions@flippingamericaradio.com Tell us where you’re from! Ronald, Colorado Springs, CO, “I need help finding deals for flips. I’m wrapping up my third deal. All three of them came from a small local bank. They don’t have anything else now, and I’m not sure what to do next. I’ve read a bunch of articles online, but I’m not sure which ones work and which ones are hype. Thanks for the show.” Meredith, Pittsburgh, PA, “I want to invest in real estate, but I don’t want to own rental properties and I don’t want to do flips. I want passive investment. I know about REITs and I’ve done some checking into crowdfunding sites. The REITs don’t have great returns but they seem relatively safe. The crowdfunding makes me leery. I know they are probably doing just fine but it seems a little dicey to me. How should I be thinking about where to put my money?” Sydney, Lancaster, PA, “I’m confused about getting my business set up. I own three rental houses and a duplex, all titled in my own name. I just watched a webinar on asset protection. I heard that I needed to form a Nevada Corporation, which they were willing to set up for me -- for a fee of course. Since it was a webinar I looked up what it cost and they were adding about $1000 to what it would really cost. So I passed. But the logic seemed compelling. So I think I need to do something. I would like your input.” Ellen, Villages of Ocala, FL, “We are trying to maximize the returns on our self-directed IRA. We started a little late in the game and don’t really have enough money in there to buy and flip a house. Any suggestions?” Karenza, Long Beach, CA “I want to dive into buying rental properties here in southern california. My question is, am I too late?” Britney, Penn Hills, PA “My husband and I are finishing up our first flip -- so exciting! We are having a discussion about interior paint colors. Our property is in an area that has a lot of investor activity with trendy styles and colors. I want a bold color scheme, but my husband wants builder’s beige. Can you settle the debate?” Motivational Thoughts for the day “Dreams will get you nowhere, a good kick in the pants will take you a long way…” Baltasar Gracian
Loading earlier episodes...
    15
    15
      0:00:00 / 0:00:00