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June 12, 2019
Opportunity Zones
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.
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60 min
May 31, 2019
The Questions You SHOULD Be Asking
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
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60 min
May 31, 2019
The Old Fashioned Real Estate Show - Jeffrey Holst
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
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60 min
May 31, 2019
Listener Questions. And Answers!
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
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60 min
May 31, 2019
Flipping Houses in Ten Days, Ch 4
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
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60 min
May 17, 2019
Flipping America 247, Affordable Housing Crisis
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60 min
May 15, 2019
Flipping Houses in Ten Days, Chapter 3
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
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60 min
May 10, 2019
Flipping America 245, Information Overload
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
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60 min
May 10, 2019
Mike Ventry and Accuplan
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
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60 min
May 10, 2019
Flipping Houses in 10 Days, Chapters 7-8
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
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60 min
May 10, 2019
Flipping America 242, AirBnB and Hempcrete?
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
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60 min
May 10, 2019
Flipping America 241, Flipping Houses in 10 Days, Chapter 5
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
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60 min
April 8, 2019
Flipping America 239, Ask Roger Anything, with Nate!
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
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60 min
April 8, 2019
Flipping America 238, The Foreclosure Auction
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60 min
April 8, 2019
Flipping America 237, The NAR War
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60 min
April 8, 2019
Flipping America 236, The iBuyer Show
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
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60 min
April 8, 2019
Scott Sekulow, The Flipping Rabbi
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
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60 min
April 8, 2019
Flipping America 234, News and Questions
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
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60 min
April 8, 2019
The FAN
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
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60 min
April 8, 2019
Darlene Coquerel, Queen of Foreclosures!
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
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60 min
April 8, 2019
Flipping America 231, Just the FAQs please!
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
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60 min
March 21, 2019
Mark Dolfini. The VIP Process
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
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60 min
March 21, 2019
Flipping America 229, The House Whisperer
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
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60 min
February 11, 2019
FAN Premium Blog 2-9-19
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,
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11 min
February 11, 2019
Flipping America 228, Get Trendy!
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
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60 min
February 11, 2019
Flipping America 227, A Housing Bubble?
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
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60 min
February 4, 2019
Flipping America 227 Brian Dally with Ground Floor
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
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60 min
February 4, 2019
Flipping America 225
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
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60 min
February 4, 2019
Flipping America 224 Tom Zeeb
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
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60 min
February 4, 2019
Lorraine Beato
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
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60 min
January 23, 2019
House Flipping is Dead!
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
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60 min
January 18, 2019
Flipping America 221, "I See That Hand"
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.
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60 min
January 18, 2019
The BnB Formula, with Brian Page
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.
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60 min
January 18, 2019
April Yvette - Meaningful Impact
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.
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60 min
January 10, 2019
Deonna Britt
Roger talks with Deonna Britt, founder of Law Clerk On Demand, about marketing lists and their use.
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60 min
December 22, 2018
Top 20 Places for Investing 2019
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.
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60 min
December 22, 2018
Roger's Top 20 Tips, Tricks and Techniques
Roger shares is TOP 20 Insider tips, tricks and techniques for success in Real Estate investing.
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60 min
December 22, 2018
The Biggest RE Stories of 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.”
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60 min
December 22, 2018
Ali Boone
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.
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60 min
December 22, 2018
Devon Thorsby, Real Estate Editor, US News and World Report
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.
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60 min
December 22, 2018
Flipping America 211, News and Questions
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.
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60 min
December 22, 2018
Hunter Thompson, Cash Flow Connections
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.
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60 min
December 22, 2018
Jane Garvey, Chicago Real Estate Leader
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.
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60 min
December 22, 2018
Rentals Part 4
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.
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60 min
December 12, 2018
Inexpensive Homes - 20%+ returns!
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.”
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60 min
November 29, 2018
Rentals Part Three
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
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60 min
November 17, 2018
Build Zoom
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
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60 min
November 17, 2018
Chicago, Chicago!
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
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62 min
November 17, 2018
Let's Get Privy!
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  
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60 min
November 17, 2018
Max Keller
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  
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62 min
November 17, 2018
Appreciation
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  
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62 min
November 17, 2018
Chantelle Live in Studio!
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.”
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62 min
November 8, 2018
The Guru Scam
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
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62 min
October 15, 2018
Leslie Smith, Commercial Direct
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
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62 min
October 15, 2018
The Community Go-Giver, Tom Olson
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
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62 min
October 15, 2018
Show 195, What NOT to Do
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
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60 min
October 1, 2018
Roger Blankenship - What's FlipStarter?
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
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60 min
September 27, 2018
Kory Angelin, #SellOut!
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
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60 min
September 27, 2018
Selling with a S.M.I.L.E. Steve Rigby
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
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0 min
September 27, 2018
FAR 191, Selling with a SMILE, Steve Rigby
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60 min
September 27, 2018
Jim Beach on Entrepreneurship and the DT Investment Fund
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
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60 min
September 27, 2018
Scott Carson, Note Buying and Selling
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
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60 min
September 27, 2018
Show 188, Your Questions!
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
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60 min
September 18, 2018
Leading Indicators
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
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60 min
September 18, 2018
American IRA, Jim Hitt
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
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60 min
September 18, 2018
The Harvest
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
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60 min
September 18, 2018
Opportunity Spotting
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
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60 min
September 18, 2018
Returns
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
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60 min
September 18, 2018
Show 182, Listener Questions
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
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60 min
September 18, 2018
Show 181, Market Update
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
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60 min
September 18, 2018
Get it Right!
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
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60 min
September 18, 2018
Tech for the RE Business
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
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60 min
September 18, 2018
Show 175, Ken Arnold
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
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60 min
September 7, 2018
Seminar Seduction
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
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60 min
September 7, 2018
What's Your Super Power?
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
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60 min
September 7, 2018
Show 178 - Questions and News
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
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60 min
September 7, 2018
Feelings are Overrated
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
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60 min
September 7, 2018
Attom Data, with Darren Blomquist
FAR 173 Expected Air Date: 7/23/18 Opening What are the guiding principles you use in your investing activity? We all think about returns, but do you consider other data points as well? Ok, some of you right now are asking, “what other data points?” If you are looking at a property to buy and hold and you are only looking at cash flow or only looking at capitalization rate, or only looking at net income, you are not looking far enough. Even if you are considering all three of those, and they ARE separate numbers btw, there is much more to consider. You need to think about the area, the past trends, the future projections, infrastructure, employment opportunities, and much more. So you need data. If you listen to the show much you know that our analysis is data driven. And we look behind the data for assumptions, theoretical models, and the methods used to combine data to reach conclusions. I realize that not all of you listening to this show can be that much of a nerd. It’s ok. We get our hands a little nerdy around here sometimes so we can help you make the best decision possible. That means we have sources for our data. One of our favorites is Attom Data Solutions. Coming up in a few minutes I have Daren Blomquist, Executive VP for Attom Data and we are going to bless your life with a little data talk. Now before you turn this off and switch over to yet another rerun of Gilligan’s Island or Big Bang Theory, let me tell you a few things we are going to be talking about. Attom data is the same company formerly known as RealtyTrac.com. That means they are experts on foreclosure data. We will talk about that. Want to know about crime rates in a prospective area? How about information about the particular property and its history? They’ve got those. Want to know what a neighborhood is like? Income level, percentage of college grads, crime rate, and more? They have it. Want some juicy stats on investor activities? Done. How about a list of distressed or potentially stressed properties? Where do you think the list brokers get theirs? Yeah - go straight to the source and we are going to tell you how. We are going to tell you how to get your hands on their Bi Annual Report on Single Family Rental Home prices. And you don’t want to miss this part -- in the last segment I ask Mr. Blomquist to look into his crystal ball and tell us what he sees happening with housing prices and the markets. His answer is coming up! With RealtyTrac since 2001, Daren Blomquist has been instrumental in many facets of the company’s business as it has transformed into the industry leader it is today. In addition to being one of the company’s longest-term employees, Daren is RealtyTrac’s primary media spokesperson and resident go-to expert on foreclosure statistics and trends. Daren is also managing editor of the company’s monthly newsletter, the Foreclosure News Report, which was named the “Nation’s Best Newsletter” by the National Association of Real Estate Editors, and is directly responsible for the creation of the company’s U.S. foreclosure market and sales reports, which are cited by thousands of media outlets nationwide — including all the major news networks and leading publications such as The Wall Street Journal, The New York Times and USA TODAY. How to Reach 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.   Guest: Daren Blomquist www.Homefacts.com www.homedisclosure.com www.Realtytrac.com Check out the Neighborhood Index. Look up Flip Transaction Data Read the Bi-Annual Report on Single Family Rental Home Prices Topic: Flash in the Pan Flash in the Pan: https://www.phrases.org.uk/meanings/flash-in-the-pan.html 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! Alissa, Grand Rapids MI, “What do you do for security in your fix and flips? I have one in a marginal area and I’m a bit worried about materials left on site and basically the house itself.” Motivational Thoughts for the day “It doesn’t matter how slowly you go as long as you do not stop.” -Confucious.
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60 min
August 27, 2018
Flipping America 172, Practice Makes...
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60 min
July 19, 2018
Deal Flow with Tony Lukashevich
FAR 171 Expected Air Date: 07/19/18 Opening In the business of flipping houses, the challenging part right now is finding that next deal. Everywhere I go, the word is “deals are hard to come by. Everyone is bidding properties up, by the time it gets sold, it’s no longer a deal.” What can you do? Well, one thing you can do is listen to today’s interview with Tony Lukashevich. Tony is the owner of Reno Georgia and has more than 200 rehab projects under his belt. He’s also the Atlanta area coach for the Flipping America mentoring program, working closely with our Atlanta operators to ensure they deliver their projects on time and on budget. In a few minutes Tony will be with us and share with us how he finds all the deals he needs using just ONE strategy with wholesalers. It doesn’t cost him anything but time and persistence. I know about 10 ways to find deals, but Tony gets more out of this method than anyone I’ve ever seen. It’s taken it to an artform and he’s going to share it with you. Don’t worry - he’s not shooting himself in the foot by sharing his secrets with you. We both know that despite the appearance of shortage, there is NO shortage of opportunity. It just requires time, patience, diligence, and some good old fashioned work - even though the work is not that hard. Tony is coming up in just a few minutes. How to Reach 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.mansionglobal.com/articles/vietnam-the-next-frontier-in-asia-s-luxury-real-estate-market-102826 https://www.inman.com/2018/07/15/meet-the-inman-innovator-finalists-most-innovative-real-estate-team-part-2/ http://www.dispatch.com/entertainmentlife/20180715/real-estate-report-home-improvement-pace-beginning-to-slow-down https://www.scmp.com/week-asia/business/article/2155209/can-singapore-tame-its-property-market-new-rules Guest: Tony Lukashevich, Emails: Questions@flippingamericaradio.com Tell us where you’re from! Simon, Boulder, CO, “We have been thinking about investing in a Senior LIving Center. I saw an article stating that the American population is aging and this would be a good investment. What do you think?” Megan, Long Beach, CA, “I’m looking into investing in mini-storage. Im’ wondering what you would consider a good return?” Alex,  Jacksonville, FL “Is it possible to flip multi-family?” Will, Lancaster, PA “My question is this: what are the questions I should be answering for myself as I consider whether or not to invest in real estate?” Why am I doing this? What do I want / need in the way of returns? What are my options / investment types? What is my risk tolerance? What are my time horizons - How long do I want to hold properties? How long do I want to be actively involved in this? What’s my exit? Sell? Legacy? Motivational Thoughts for the day Most opportunities come disguised as hard work. That’s why most people don’t recognize them. -Ann Landers
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60 min
July 15, 2018
Marty Coyne, CTO of Connected Investors
FAR 170 Expected Air Date: 07/16/18 Opening Your network is your net worth. We’ve heard that for years. The more you connect with people in this industry, or whatever industry you happen to be in, the more good things can happen. I can’t tell you exactly how or when those results might begin to benefit your life, but I can tell you that your best success as an entrepreneur will come from the people you meet, either investors, suppliers, customers, or even your fellow competitors. Today I’m going to talk to you about a giant in our industry, Connected Investors. They are one of the largest networking sites for real estate investors in the world. On their site you can find people in your area, or people in the area where you want to be, vendors, deals, money, just about anything you need. In a few moments we are going to be joined by Marty Coyne, the Chief Technology Officer for Connected Investors. We were talking at a conference recently - yes, NETWORKING! And he told me about a new product they had released. It’s an aggregation tool that puts a ton of seller leads all into one place -- a product they call PinPoint Profits. I expressed my doubts and Marty put it on the line. He asked me to use the product and see if it didn’t work. I did, and WOW. We’ve only been using it a few days now but we are stunned by the potential. We have hundreds of new leads and are already in contact with a few of the sellers. I’ll keep you posted as we go along, but so far I’m amazed and delighted to tell you about this. But Connected Investors is a LOT more than PinPoint Profits. Marty will explain more in just a few minutes - you don’t want to miss any of this, because after we talk about CI for awhile I’m going to throw a couple of real estate technology questions his way. Wait til you hear his answers! How to Reach 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.   Guest: Marty Coyne, Marty Coyne is the Chief Technology Officer of Connected Investors, the world's largest Real estate investing Community and Marketplace. Coyne plays a key role in shaping CI's technology strategy as Ci is experiencing explosive growth and making its presence known in Fintech. The transformational impact that technology can provide, has characterized Coyne's career in technology solution sales and as an executive at Motorola, where his teams drove more than $1B of new business revenue to his company and its partners. Leveraging that success, Coyne launched a global consulting practice helping lead many of the most recognizable names in the tech sector drive results bringing disruptive solutions to the market. www.connectedinvestors.com www.cix.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! Andre, Pittsburgh, PA, “How do you find contractors? Most of the guys I talk to have a two month wait” Garth, Waukesha, WI, “I hear horror stories about contractors. How do I know I’m hiring the right person?” Motivational Thoughts for the day Most opportunities come disguised as hard work. That’s why most people don’t recognize them. -Ann Landers
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60 min
July 15, 2018
Abhi Golhar, Real Estate Entrepreneur
FAR 169 Expected Air Date: 07/14/18 Opening I can’t say enough about today’s guest. Great heart, great energy, great knowledge, and willingness to share himself and his experience with everyone. Abhi Golhar is a 2x nationally syndicated radio host on the Wall Street Radio Network, author, blogger, and CIO of Summit & Crowne, a real estate investment firm in Atlanta. Golhar has been investing in businesses and real estate since 2002 and always used a “value-added” approach to identify acquisition. He educate thousands of people as a national speaker and on his daily radio and YouTube shows. Golhar enjoys working with investors to implement market-driven strategies which have the highest potential for success. Do you have questions about how you can set up your business to advance and finish well? Golhar has answers. Email him: abhi@abhigolhar.com. Abhi took a non-traditional route into real estate investing, he started in it while still young! You’ll hear his fascinating story coming up in just a few minutes. How to Reach 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.   Guest: Abhi Golhar 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! Fenton, St. Louis, MO “Is there a way I can work from the rent amount into a number I should pay for a house? I’m looking at paying $55,000 for a house I can rent out for $750. It seems like a good deal, but I don’t know for sure.” Alice, Atlanta, GA “I just heard about something called Debt Service Coverage Ratio. The presenter gave some numbers and I just nodded like I understood, but I had no idea what he meant. I knew right away I could just email you and get an answer.” Motivational Thoughts for the day When you want to succeed as bad as you want to breathe, then you’ll be successful. Eric Thomas
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60 min
July 15, 2018
Ben De Leon, Texas Attorney
FAR 168 Expected Air Date: 07/12/18 Opening Would you like to just sit down with a lawyer - off the clock - and pick his or her brain about real estate and business issues? Today you can. Well -- today you can, vicariously anyway. Coming up in a few minutes I’m going to interview a real estate attorney from Austin Texas, Ben De Leon. He is the President of De Leon Washburn & Ward, P.C. (dwlawtx.com), one of Texas’ most storied independent law firms. As general counsel to some of Texas’ fastest growing companies, he is passionate about helping entrepreneurs focus on the success of their business by providing strategic guidance and legal counsel. He serves as outside general counsel to various small to mid-size companies in all areas of business law, including real estate and construction matters. Here’s a cool thing - you can kinda pick his brain too - because Ben is a blogger. He talks about issues important to us as investors. I spent some time on his website reading his blog and I can tell you it’s recommended reading. Some of it is very eye-opening. That’s at dwlawtx.com. How to Reach 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! http://www.dwlawtx.com/blog/ Guest: Ben De Leon Motivational Thoughts for the day When you want to succeed as bad as you want to breathe, then you’ll be successful. Eric Thomas
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60 min
July 14, 2018
Stop Being Poor
FAR 167 Expected Air Date: 07/09/18 Opening I was minding my own business at the pool the other day and a young man walked by with a shirt that read “Stop Being Poor.” My first reaction was to be a bit startled, then amused. I thought to myself “he’s inviting a heap of criticism upon himself -- I wonder if he can take it?” Then I realized we were at the pool deck of our building in midtown Atlanta and it’s unlikely he would run into any poor people at this venue. Of course if we want to see poor people all we need do is step outside the door of our building and start walking in any direction. We won’t go a full block before we come across someone with their hand out, making various claims about their homelessness, joblessness or poverty. This show is about real estate and real estate investing, and the subject of poverty is not a happy one. In fact it might be one we prefer not to ever think about. But it is ever with us and should be considered in light of our larger responsibilities to ourselves and the people around us. So later in the show I’m going to tackle the subject and see if I can’t bring it around to a real estate connection somehow. How to Reach 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.forbes.com/sites/ingowinzer/2018/07/06/booms-are-back-in-these-25-real-estate-markets/#59e4405a5386 https://www.consumerfinance.gov/about-us/newsroom/cfpb-launches-new-mortgage-performance-trends-tool-tracking-delinquency-rates/ https://www.corelogic.com/downloadable-docs/hpi/corelogic-hpi-monthly-marketing-data-may-2018webnational.pdf https://www.ocregister.com/2018/07/05/bubble-watch-is-southern-californias-housing-shortage-near-its-end/ https://www.huffingtonpost.com/entry/poverty-is-a-choice-they-say_us_58c316d8e4b0a797c1d39c77 https://talkpoverty.org/2017/10/04/house-budget-shows-us-poverty-choice/ https://haroldherring.com/blogs/harolds-blogs/richthoughts/270-12-reasons-poverty-is-a-choice https://www.rappler.com/thought-leaders/167915-poverty-not-a-choice https://www.washingtonpost.com/news/politics/wp/2017/03/07/jason-chaffetzs-iphone-comment-revives-the-poverty-is-a-choice-argument/?noredirect=on&utm_term=.f97308de890b http://www.debate.org/opinions/is-poverty-a-choice Topic: Stop Being Poor The shirt: “Stop Being Poor”. I did some research and learned there was an entire meme on the internet about this. Poverty is a choice, especially in the United States of America. Many are born into poverty and don’t realize the opportunity. Our role is to present the opportunity, not create dependency. Anyone can take the next step. “The poor will always be with you.” -Jesus. Why? Some (non U.S.) lack any reasonable opportunity. Some do not have the ability to lift themselves out. Mental illness or physical disability. Some are trapped by culture - unaware of the steps out of poverty. Some are unmotivated. America is a land of opportunity unparalleled in the world and throughout history. It is also a country where you can do absolutely nothing with your life and receive handouts that make your living standard better than much of the rest of the world. Many will choose this. If you’re unmotivated, if you’d rather sleep than work, if you prefer entertainment or fill in the blank with your substance of choice rather than advancing yourself, I’m ok with that. Just don’t complain to me about being poor. And please have the intellectual integrity to stop blaming everyone else. So what do we do with the poor? Feed, clothe, and shelter them. Show them the way out. Feed, clothe, and shelter even those who choose to remain poor. Why? Because this is how we live out beautiful concepts known as mercy and grace. We have all received mercy and grace and perhaps the most Godlike thing we can actually DO with our lives is to be conduits of mercy and grace. What are mercy and grace? Mercy: NOT getting the negative results you deserve. Grace: Getting positive blessings you don’t and possibly couldn’t deserve. Anyone hearing my voice right now has the opportunity to do something different with your life, if you want to.  If you think there’s a better life out there and you want it badly, you have the freedom in this country to pursue it. There’s so much more to life than being rich in material things, but if that’s what you want, all you have to do is learn what rich people do and do that. Whatever it is you want to achieve there is almost certainly someone out there whose path you can follow. The real question is not whether there is opportunity. The real question is, how badly do you want it? What can we do? The people on the street? The impersonal unknown “poor” Let the state help? Do your bit. The working class poor? Affordable housing Rent with respect for human decency and dignity. “There will always be those who take advantage of the less fortunate. You don’t have to be one of them -- even to compete with them.” 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! Veronica, Pittsburgh, PA, “I’m new to this, I have my contractor and my funding lined up. I just need deals. What are the top 2 or 3 ways you find deals to fix and flip?” Max, Long Beach, CA, “I want to get into this business. I have no money, no credit, and no experience. But I WILL work hard and I will work for free just to learn. Can you help me?” Motivational Thoughts for the day When you want to succeed as bad as you want to breathe, then you’ll be successful. Eric Thomas
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60 min
July 14, 2018
News, More News, and Exciting News from Flipping America
FAR 166 Expected Air Date: 07/07/18 Opening I got a show full of news and your questions today. We are getting emails from some of you who are loving the guests we’ve been having and some of you prefer the shows where I talk the entire time. Your comments are about evenly balanced with a slight tilt to the guests. I personally prefer the guests because I usually don’t learn anything new when I’m talking and I want to learn more and get better at this. Today I’m going to review the news, talk about More News with regard to my predictions about the market, and then share some Really Exciting News about a new program from your friends here at Flipping America. How to Reach 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.realtor.com/advice/rent/airbnb-rules-for-renting-out-home/?iid=rdc_news_hp_carousel_theLatest https://www.realtor.com/news/celebrity-real-estate/inside-derek-jeter-castle/ https://www.realtor.com/realestateandhomes-detail/4110-Paces-Ferry-Rd-NW_Atlanta_GA_30327_M54418-80077#photo0 https://www.realtor.com/advice/home-improvement/geometric-decor-ideas/?iid=rdc_news_hp_carousel_theLatest https://www.houzz.com/ideabooks/27317567/list/20-ideas-for-easygoing-summer-parties https://www.nationalmortgagenews.com/news/mortgage-delinquency-rates-down-annually-a-sign-of-a-healthy-economy https://www.consumerfinance.gov/about-us/newsroom/cfpb-launches-new-mortgage-performance-trends-tool-tracking-delinquency-rates/ The BIG announcement.   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! Motivational Thoughts for the day When you want to succeed as bad as you want to breathe, then you’ll be successful. Eric Thomas
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60 min
July 12, 2018
Pat Dornan, Ultimate Rehab Estimator
FAR 164 Expected Air Date: 07/2/18 Opening Have you ever asked yourself the question, “what is this remodeling job going to cost?” When you buy an investment property, especially if you are going to flip it, the repair / remodel number is one of the big three numbers you HAVE to know in order to be sure you’re going to make money on the project. The other two are the ARV and the cost of the money. Where does the purchase price fit in? Because it seems like that’s where you start. It IS the first number that gets activated in the process, but it’s the last number to be calculated. You back into a purchase or offer price based on the other three numbers. This is true in any kind of property investment. You must have your exit strategy and a strong understanding of what you will get for the property, you must know your rehab or “value add” number. And you should be mindful of you cost of funds. Today we are going to visit with the guy who can help you nail down that rehab number. His name is Pat Dornan and he is the inventor of the Ultimate Rehab Estimator. Ron was on the program about a year ago when both his software and this show were new. In that time his product has grown, the feature set has expanded remarkably, and he is, in my opinion, on his way to market dominance. There are other construction estimating programs out there designed for the insurance industry and disaster cleanup crews, but they use bloated and many time unrealistic pricing, which frankly seems like more of a WAG to me. If you want to know what a WAG is, you can look it up or contact us, but this is a kid friendly show, so I’m not telling you on the air. The URE takes you through a property board by board, cabinets, countertops, outlets, everything you would typically do in a property. The program is linked to the Home Depot catalog for most every item you would ever need. Then Pat and his team add in the labor rates from every state in the US and sales tax information in every location so they can calculate to within a couple of dollars the exact cost of your rehab. It’s an amazingly thorough product and no investor should be without it. Pat will be here in just a few moments. How to Reach us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn 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 n 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/jeffsteele/2018/06/28/dos-and-donts-when-reinvesting-real-estate-returns/#6ca409e918a0 https://www.forbes.com/sites/forbesrealestatecouncil/2018/06/28/is-commercial-real-estate-dying-or-just-different-seven-experts-weigh-in/#63739b92f7b7 https://www.dallasnews.com/business/real-estate/2018/06/28/dallas-wants-involve-developers-redeveloping-citys-old-public-housing-stock https://pilotonline.com/business/jobs/article_1c99bd0e-6b01-5736-928b-4f6add75f5d7.html http://www.cbs8.com/story/38526442/housing-market-are-house-flippers-driving-up-san-diego-home-prices https://www.cnn.com/2018/06/27/us/san-francisco-income-housing/index.html Guest: Pat Dornan, Ultimate Rehab Estimator 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! Warrick, Boulder, CO “Just found your show and am enjoying it. I’m about to do my first flip, buying a house from a wholesaler. He wants me to give him $7500 as a non-refundable deposit. He also said there is no due diligence on the deal. I have to close in 14 days. I didn’t want to ask him, but what is due diligence? And is this a bad thing?” Larry, London, KY, “I’m interested in owning rental properties in this area. I have a few, but I’m not sure I bought them right. What kind of price would you suggest? The market here is probably not as strong as some of the places you mention on your show.” Sheila, Jacksonville, FL “I’m 63 about to retire a bit early. I have enough in my accounts that I know I can live the rest of my days if I can make just a consistent 6% return on my investment. I don’t really trust the stock market and I do like real estate. But I don’t want to own or manage any properties. I just want 6%. Did I hear you say you have a private lending program that would make something like this?” Motivational Thoughts for the day Keep your eyes on the stars and your feet on the ground. -Theodore Roosevelt
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60 min
July 12, 2018
Entrepreneurial Excellence, with Ron Carucci
FAR 163 Expected Air Date: 06/30/18 Opening We’ve been talking about life and business over the past few weeks and today we have Ron Carucci online to visit with us about start-ups. We discuss several of the misconceptions in the minds of new entrepreneurs, and the mistakes that flow out of those misconceptions. More importantly we discuss how to address them. Ron and his partners work with medium size and larger businesses typically but he was willing to give us 30 minutes of his valuable insight. That’s coming up shortly. In case you missed it, I want you to pay attention to Zillow. They are a giant among us. You can pick on the Zestimate all you want and I’ll agree with you that it is not to be trusted. But Zillow is huge and has a ton of cash to work with. That’s why when they announced recently they are getting into the direct buying space, I sat up and took notice. They have the clout and the national presence to clobber everyone else, I’m looking at you OfferPad, Knock, OpenDoor, and even Mark Spain with your Guaranteed Offer program. Should these people fold up and quit? Absolutely not. Let’s all get better at what we do. We are all out there looking for deals and here is the MAIN reason all of these are not going to put us out of business: You ready for this? No, wait. I’ll tell you after my talk with Ron. How to Reach us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn 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 n 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! http://fortune.com/2018/05/23/real-estate-housing-home-prices-falling-recession-2020/ http://mainepublic.org/post/real-estate-whats-happening-maines-market#stream/0 https://www.dallasnews.com/business/real-estate/2018/06/22/economy-next-recession-real-estate-analysts-give-best-guess https://theberkshireedge.com/welcome-to-real-estate-friday-49/ http://www.capegazette.com/affiliate-post/3-issues-facing-today%E2%80%99s-real-estate-market/159968 https://www.wavy.com/hr-show/real-estate-a-seller-s-market/1253524706 Guest:  Ron Carucci, Co-Founder Navalent Notes from the Interview (You’re welcome!) 3 things holding back most Entrepreneurs Identity - “What is your strategy?” often yields stock answers like mission, vision, values statements. Usually borrowed, plagiarized or counterfeit. Why you? What are the differentiators? Organizational Continuity - Processes. Intentional design and deplloyment of assets 70% of what we do is just necessary to stay competitive and keep the lights on. Enabling work is what moves us forward. Often these get diluted. Leadership Tips for listeners: Don’t let HGTV seduce you. It’s not for everyone. If you’re going to “just do it”, “just do it” wisely. Be thoughtful. Give it a year to work. Ask yourself, “Am I willing to do what it takes to succeed?” Scaling is not Growth. Growth is topline increase at the same rate of cost. Scaling is repeatable efficiency. Resources: www.navalent.com/transformation www.liminalspace.org Reinventing You, Dory Clark Rising to Power, Ron Carucci 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! Ebony, Detroit, MI “Hi Roger can transactional funding be used to purchase properties at tax or bank foreclosure auctions? I know transactional funding is used for back to back closings that must take place the same day. I think it would be best to at least ask the homeowner to agree to a thirty day time frame to allow time to find an end buyer. I know the law states that the homeowner who's being foreclosed on has a six month redemption period to stay in their home without paying a mortgage, they can reclaim their property and they cant be evicted unless they refuse to allow an inspection or if they damage the property.  So with that being said can transactional funding still be used as long as the end buyer is ok with purchasing a foreclosure that has a six month redemption period? Or should I check with the companies or local court houses that hold the auctions to find out if transactional funding is allowed for tax and bank foreclosures? Milton, Villages of Ocala, FL “I need a reputable lender for a rental property. Can you help?” Jim, West Palm Beach, FL, didn’t email but from a strategy call. “I have about 20k to put into a deal and just can’t find a deal that small that isn’t in a terrible area.” Motivational Thoughts for the day Keep your eyes on the stars and your feet on the ground. -Theodore Roosevelt
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60 min
June 24, 2018
QuantmRE with Matthew Sullivan
FAR 162 Expected Air Date: 06/25/18 Opening Many of you listening to this have two types of assets - liquid assets and illiquid assets. A liquid asset is cash or anything that can be turned into cash in about 3 days such as publicly traded stocks. Illiquid assets include things like real estate, which clearly cannot be turned into cash -- until now. Our guest today is Matthew Sullivan, founder and CEO of Quantm RE. Matthew and his company have developed a way to turn your equity into cash. You are not refinancing your home, there’s no credit check, and once your equity position is established through an appraisal and title work, you are just hours away from cash in your bank account. The company will buy a percentage of your equity at current value and wait for you to sell the house before getting paid back. Does this sound too good to be true? How does the company make money? Surely it’s not doing this out of charity. What are the risks to you as a homeowner and what are the risks to the company? I recorded the interview earlier and I’ve had a little time to think about this and I think it is one of the coolest ideas I’ve seen in a long time in real estate. Matthew and his team DO make money, but most of the risk is on them. Once you understand your costs and make a plan for the money you will receive that will more than cover those costs, this is something you should consider. Everyone’s situation is different and this wouldn’t be a great solution for everyone, but on the whole, this is an idea I can get behind. And wait until you hear what they then do with that shared equity. They give the public, you and me, a chance to own some of it. All that is coming up today on Flipping America. How to Reach us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn 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 n 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! http://fortune.com/2018/05/23/real-estate-housing-home-prices-falling-recession-2020/ http://mainepublic.org/post/real-estate-whats-happening-maines-market#stream/0 https://www.dallasnews.com/business/real-estate/2018/06/22/economy-next-recession-real-estate-analysts-give-best-guess https://theberkshireedge.com/welcome-to-real-estate-friday-49/ http://www.capegazette.com/affiliate-post/3-issues-facing-today%E2%80%99s-real-estate-market/159968 https://www.wavy.com/hr-show/real-estate-a-seller-s-market/1253524706 Guest:  Matthew Sullivan, Sell a Piece of Your Home Notes from the Interview The company is called QuantmRE. Find them at www.quantmre.com. The idea here is you sell a percentage of the equity in your house. This gets paid back when you sell the house. The concept is known as shared equity and is a way to turn the equity in your home into cash. The shared equity is then tokenized and sold as a crypto-currency -- a digital currency backed by real estate. The coin will be called EQRE. - the Quantm Coin. 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! Keith, Bakersfield, CA “What is your opinion of flat fee real estate services and the agents that do them?” James, Boulder, CO “We are looking into buying rental properties in college towns. It won’t work here in Boulder with the Air Force Academy, but it seems like a decent idea. Your thoughts?” Casey, Seattle, WA “I was in a meeting a month ago and someone there had been on your show, so I went looking for it. I can’t believe all the great information you are just giving away, but I thank you. I’m really new at this, but my husband and I have some rental properties. They seem to pay for themselves, but I think maybe not quite, when you consider everything. We have 4 houses that together cost us $1.4 million. We get about $6500 per month from them. They are all free and clear with good tenants in good areas. What I don’t know is whether they are really a sound investment. They are in Seattle and we believe they will be worth more in a few years than we paid for them.” Motivational Thoughts for the day Keep your eyes on the stars and your feet on the ground. -Theodore Roosevelt
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60 min
June 24, 2018
Leading Great Teams with Jeffrey Davidson
FAR 161 Expected Air Date: 06/23/18 Opening For most people Real Estate Investing is a Team Sport. You may not have any employees or if you do they won’t be a large number. This is in part by design. We got into this business to get away from the inherently stifling nature of the corporate world. We didn’t set out to create another corporate world. We are entrepreneurs. We want to come and go as we please. We want to go to the beach with our spouses and family on Thursday through Sunday. Ok, we want to fly to the Caribbean Thursday and come back Sunday. Or we want to take off and play a couple of golf courses in Alabama on the Robert Trent Jones Golf Trail on a Tuesday and a Wednesday. Whatever you wanted to do with the time, you mainly want it flexible, so we don’t have much in the way of a staff do we? Even though this is true, we STILL have a team. By the time you are working this business full time, you have assembled a team whether you want to admit it or not. You have a Realtor or three, a couple of general contractors, probably have several handymen, plumbers, and electricians on speed dial, you are getting to know a real estate attorney, you have wholesalers, birddogs, VA’s and possibly even an employee or two. You have a team. Your team won’t all be employees but like any team, it needs to be recruited, managed, and maintained with excellence. And this is where today’s guest shines. Jeffrey Davidson is a master team builder, consultant, and all-around helpful guy. He knows some things about real estate investing too, but his focus day in and day out is helping business leaders lead more effectively. Stay tuned because in just a few moments, he’s going to lay some wisdom on us all. I’ll be asking him for leadership tips and hiring expertise. His company is called Leading Great Teams. He will be along in just a few moments. How to Reach us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn 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 n 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/2018/06/21/a-faster-and-easier-way-to-finance-real-estate-investments/#50c7a2d79cdc https://www.forbes.com/sites/forbescommunicationscouncil/2018/06/21/three-ways-to-boost-your-real-estate-brand-with-video/#5104cb83180d https://www.chron.com/business/real-estate/article/Real-estate-briefs-Halliburton-Westchase-campus-13012042.php http://business.financialpost.com/real-estate/dont-expect-real-estate-agents-to-disappear-any-time-soon https://www.businesslive.co.za/fm/money-and-investing/2018-06-21-sirius-real-estate-a-model-that-works-differently/ Guest:  Jeffrey Davidson, Building Great Teams Notes from the Interview Three free giveaways www.greatteamsltd.com/more Top Tips for Leaders: Answer the question: How do we define success? Set clear expectations. Over Communicate Follow up. Language is a big issue. 2 examples: What can you build on? Where should we re-focus? Tips for hiring Find out what they value Learn their key skills Try them out Tips for employees Do you know our company mission? Do you talk to each other? Do we have the right tools? Do we have the best processes? Are we interacting as a team? Are we working together to make this organization as good as possible? 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! Carmen, Tampa, FL “I want to put money into one of your deals, but you never talk about how to do that. How do I do that? Fred, Brooklyn, NY “Can you explain the concept of remote flipping? I would very much prefer to be flipping houses in more affordable areas.” Carlie, Madison, WI “I have a private lender who wants 15% with no upfront money. He will fund the entire thing. I have a hard money lender who will loan me 85% of my project cost at a rate of 12% but I have to pay 2 points and make a huge down payment. I’m trying to figure out which is the better way to go but I’m stuck. I’m buying the house for 280k. I think I’ll sell it for 420 when it’s repaired. The rehab budget is $35,000. Motivational Thoughts for the day “If you cannot do great things, do small things in a great way.” Napoleon Hill
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60 min
June 24, 2018
The Land Geek, Mark Podolsky
FAR 160 Expected Air Date: 06/21/18 Opening Looking for an opportunity to get into a real estate business that doesn’t require a lot of cash, doesn’t have much competition, and can be done remotely without ever leaving your computer? Today Mark Podolsky is going to join us and talk about an opportunity to do just that. You won’t have tenants to deal with, you never have to make repairs, the cash flow is about as automated as it gets. It really works and just saying this gets me fired up about it. How to Reach us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn 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 n 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! http://flatheadbeacon.com/2018/06/13/real-estate-market-trends-6/ https://www.ocregister.com/2018/06/19/hot-real-estate-markets-to-cool-in-2020-experts-predict/ http://labusinessjournal.com/news/2018/jun/19/40-million-fund-real-estate-startups-tech-draws-he/ https://www.npr.org/2018/06/18/620939197/zillow-data-used-to-project-impact-of-sea-level-rise-on-real-estate https://www.tennessean.com/story/money/homes/2018/06/20/great-backyard-gives-homes-edge-real-estate-market/706592002/ Guest:  Mark Podolsky, the Land Geek Notes from the Interview Email support@thelandgeek.com and mention Flipping America and he will send you a copy of the Passive Income Launch Kit Course, a $97 value. 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! Karen, Boston, MA “I found your show on iHeart radio, but then downloaded the app. I haven’t found you on the radio here in Boston but I don’t even care. The app is great and allows me to listen to all your previous shows. So here’s my question. I want to buy a couple of rental properties, but they are around $300,000 to buy a modest home that I could rent for maybe $1800 per month. That rent would cover my principal and interest payment and most of the taxes, but that’s it. I think I would have to come out of pocket a bit on these. I have a high paying job and the extra expense isn’t a factor. I don’t even need the income. I just wanted to build equity. Am I thinking about it the wrong way?” Keith, Ellijay, GA “Seasonal cabin rental. Yes or no?” Ashley, Jacksonville, FL “I’m looking at a single family home in a great area that I think will cash flow ok. I have an opportunity with a duplex in an ok, not great area that cash flows even better. How should I make a decision as to which one to buy?” Motivational Thoughts for the day “If you cannot do great things, do small things in a great way.” Napoleon Hill
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60 min
June 24, 2018
Real Estate Day Trading with Larry Goins
FAR 159 Expected Air Date: 06/14/18 Opening What in the world is Real Estate Day Trading? And how can I learn to do it? Can I make money doing this? How does it work? How do I analyze the deals? How do I pay for them? How do I move them out? IS IT POSSIBLE TO SIT AT MY COMPUTER ALL DAY AND MAKE MONEY IN REAL ESTATE? Well -- maybe. Stay tuned because today I have the guy who invented Real Estate Day Trading. Larry Goins is our guest today. He took some time from his busy schedule to sit down with us and explain it. If you listen today and apply what you hear, you’ll pick up some ideas, some principles, some direction, and some resources that could put you into the Real Estate Day Trading business. I’m blown away at the brilliance and creativity of people in this business who demonstrate day in and day out that real estate continues to be one of the most lucrative opportunities out there. How to Reach us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn 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 n 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:  Larry Goins, Real Estate Day Trading Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: Kelvin, Westchester, PA, “I need a way to quickly estimate a rehab price. By the time I get to the property and make a my estimate, someone has already bought the house. They are either dumb for going so fast or smarter than me. I think they are just smarter - they know something I don’t. How can I speed this up?” Randall, Searspoint, MA “Is there kind of a standard price for some repairs, like 10 grand for a kitchen, 5 grand for a bathroom, etc.?” Elvina, Roswell, GA “I’ve been told I need to get multiple bids for my rehab. I’m having a dreadful time getting this done. I was ok on my first rehab. Now on my second one, they guys that didn’t get the job on the first one won’t come back. They say they don’t have time to waste on me. Even the guy that did the work wants me to pay him $150 to come price out the work.” Motivational Thoughts for the day “If you cannot do great things, do small things in a great way.” Napoleon Hill
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60 min
June 24, 2018
News and Questions
FAR 157 Expected Air Date: 06/11/18 Opening President Trump dominates the news cycle in a way like no other public figure I’ve seen in my lifetime. It almost seems to me that he says some of the outrageous things just to stay in the limelight. I generally avoid politics on this show as you know and prefer to talk about real estate and the opportunity it presents. Although today I have to give a little credit to the President. He’s making a bunch of Chinese real estate investors rich and some may be about to hit the jackpot. I’m going to tell you about that right after the first break. We have more news from Kalispell, Montana today and the Flathead Beacon in one of the quirkiest “studies” I’ve ever seen published. It’s weird, it’s not all that useful, and I LOVE it. Later on I’ll tell you what digital real estate means and what you need to do to invest in it. We are going to talk about one unfortunate consequence of Seattle’s unprecendented real estate boom. We will talk about how to look beyond mere price and look at other indications of the health of the real estate market, particularly with commercial assets. And we’ve grouped together several questions today on the topic of wholesaling real estate. I’ll be telling you what it is, telling you like it is, and tell you how it is. How to get started, how to make it grow, and why you really should at least consider something else. There’s nothing wrong with real estate wholesaling, but many people have a false impression about what it will do for you. If you’re like Brad Campbell, you can make a career with it, but I can tell you there are few people like Brad Campbell. He’s one of those guys that could sell wood to a forest, a rope to a free climber or religion to the Pope. He’s just that good at what he does. How to Reach us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn 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 n 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! Real estate is HOPPING in Dandong! https://www.npr.org/2018/06/08/618204107/real-estate-jumps-in-chinese-city-bordering-north-korea http://www.dispatch.com/entertainmentlife/20180610/real-estate-matters-appraisal-thats-lower-than-offer-could-derail-sale https://www.seattletimes.com/seattle-news/the-blind-force-of-seattles-real-estate-rush/ http://www.spokesman.com/stories/2018/jun/10/motley-fool-digital-real-estate/ https://www.bisnow.com/london/news/economic-development/ahead-of-the-world-cup-russias-real-estate-market-is-a-lot-better-than-its-team-89355 https://www.forbes.com/sites/forbesrealestatecouncil/2018/06/06/the-best-strategy-in-a-shifting-real-estate-market-add-value/#316f82374da0 http://flatheadbeacon.com/2018/05/30/real-estate-market-trends-5/ https://www.lexology.com/library/detail.aspx?g=f9c9fcb1-fea3-4a6a-b654-dde5cf78f321 https://slate.com/technology/2018/06/redfin-zillow-and-opendoor-cant-disrupt-real-estate-agents-and-may-not-want-to.html https://www.mansionglobal.com/articles/to-gauge-long-term-health-of-a-real-estate-market-look-beyond-sales-prices-98814 Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: Dorothy, Villages of Ocala, FL “I have heard about something called real estate wholesaling, but don’t really understand it. I retired from the wholesale grocery industry and know a thing or two about distribution. When it comes to wholesaling real estate, how is it done and what’s the point? I don’t see being a home distributor or having an inventory of homes to sell at a discount to be any great advantage. This is especially true when I hear people say this is a great way to start out, especially if you have no money. There must be a completely different understanding of what wholesaling is when it comes to real estate. Any light you can shed is much appreciated.” Steve from Miami, FL “Thank you so much for your podcast. I listen to it every day driving to and from work, appreciate your help. I have a question regarding wholesaling. I am young and extremely motivated and hungry to be successful in real estate. Being that I am out of money completely, and I love networking, wholesaling sounds like a good way to get started. My question is, what happens if I get the property under contract and then don’t find a buyer to flip to? Anythony, Las Vegas, NV, “I’m LOVING the app! I have it connected to my bluetooth in my car and now it’s all I listen to in the car. I want to dive into this business, but I have a friend who is doing this and he told me I should start with wholesaling since I have no money and don’t know how to get a home repair done. Please tell me how to get started wholesaling.” Candice from Detroit, MI. “I want to get into wholesaling but don’t know where to start. Another wholesaler friend of mine offered to let me co-wholesale her houses. She has 3 of them and offered to split her fee with me if I got them sold. But another friend told me that isn’t legal. Can you help?” Allen, Pittsburgh, PA. “I just joined the PIttsburgh REIA and at my very first networking event a guy told me that wholesaling isn’t real investing.” Now I’m confused - is it investing or not? Wendy, Sacramento, CA “I’m a new wholesaler. What recommendations do you have for building a buyers’ list?” Motivational Thoughts for the day “If you cannot do great things, do small things in a great way.” Napoleon Hill
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60 min
June 24, 2018
Refuel, Reset, Recharge
FAR 157 Expected Air Date: 06/9/18 Opening Your Personal Retreat Everyone needs from time to time an opportunity to rest, relax, recover, and re-focus. I think you should take at least one day off per week for a miniature version of this and perhaps once a quarter, get away for a few days for renewal. Sometimes we need a purposeless vacation. There is a time and a place for this and we all need it. We all really do. It’s good from time to time to have fun for fun’s sake. But that’s a topic for a different show. Sometimes we need a purposeful stop in activities to think about what we are doing, why, how, and get some different perspective on it. Call it a retreat if you will. Can you stay home from the office for a day or two and accomplish this? It’s possible, but there are a few reasons why this is not ideal: There are distractions at home. Your toys are all there! TV, Hobbies, etc. There are expectations at home. Chores, meal prep, normal life. There are patterns of behavior at home. Breaking a pattern is an intentional act and isn’t easily accomplished. If you are in a good pattern with productive habits, you wouldn’t want to break them anyway. Everything looks the same at home. You are still “in” the fishbowl. I think you should get away from home at least 50 miles for a couple of days once a quarter with no plans to do touristy stuff. Here in Atlanta we are blessed to have the foothills of the Appalachian Mountains just an hour or two away. It’s easy to rent a secluded cabin for a weekend. It’s also just four to five hours drive from the beach, but I find the beach comes with a few more challenges. It’s easier for me o sit and think in a cabin in the middle of nowhere than at a beach with thousands of my newest friends hanging around. It will surprise you but if you will just get 50 or 100 miles away and then mentally turn and look back at your life and situation “back home” you’ll begin to gain a little perspective. Want more perspective? Spend some time while you are away thinking about the vastness of space or the infinite smallness of sub-atomic particles, or what life will be like 100 years from now and how will you be remembered? (Here’s a hint: it’s pretty unlikely that you will be remembered 100 years from now outside of your immediate descendants. Most of what we do with our day to day tasks don’t really matter that far out, unless we are operating from a 100 year business plan.) However you accomplish it, try to think about bigger pictures, bigger ideas, different viewpoints. Do this the entire first day you are away without giving conscious thought to your business or life at home. On day two, you will no doubt wake up with a different perspective. Occasionally those breaks can serve both purposes, but this should not be done without thought, planning, and communication with others who may be with you during the break time. Don’t go on vacation planning to read business books, re-focus your goals, or re-organize your company without speaking with your spouse about this. Your partner may believe you are getting away just for fun and relaxation.   How to Reach us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn 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 soon the entire catalog of shows will be 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 "People often say that motivation doesn't last. Well, neither does bathing -- that's why we recommend it daily." -- Zig Ziglar Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message!
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60 min
June 24, 2018
Your Business "Garden"
FAR 156 Expected Air Date: 06/5/18 Opening Good morning everyone I’m Roger Blankenship your host. I teach people how to make money in real estate. 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 include real estate as a part of a balanced investment portfolio. Let’s talk about real estate! Let’s talk about life. On this show we try to bring you the best news and how-to information, resources, statistics, demographics, trends, styles, ideas, techniques and introduce you to people who are turning all of this into successful businesses and careers. Years ago I was visiting with a friend in a small town in rural north Georgia and we were touring his farm. He was a chicken farmer. That’s right, a chicken farmer. If you’ve never been to a chicken farm, try to imagine a barn that’s the length of a football field. Now imagine 6 of these lined up in a row, each one filled with a hundred thousand or so chickens. Now imagine a powerful ammonia smell that is especially difficult on hot summer days. That doesn’t tell you what it’s like to actually raise the chickens, but that’s what it’s like to be there. As my friend told me about the process and how it worked with the packaging company, I grew especially interested when he told me how much money he could make from each chicken house. As I did the math in my head I started picturing myself as a chicken farmer so my questions turned a bit more personal. “What does it take to be in this business and stay in it”, I asked.  He thought for a moment and then said, “well, you kinda have to like chickens.” I think that’s true about anything you’re going to do. If you want to be a real estate investor you don’t have to love real estate. You just kinda have to like it. You have to like it enough to get out of bed every morning and make things happen. Because this business isn’t going to come to you. It’s out there and it’s within your grasp, but you have to go get it. I want to think more about farming today because it’s June and the peak of growing season and indeed here in Georgia, some crops are already coming in. I’ve never been a farmer, but when I was a kid and all the way through my high school years my dad maintained a garden, usually a couple of acres. And my sister and I were part of the labor force to make that garden productive. We were there for the planting, the cultivating, the weeding, the harvest, AND the preparation of the food for long-term storage. There are several important steps in growing a crop and I’m intimately acquainted with them all. But nothing is more important than planting seed. Without that, you’ll never have a crop. Today I’m going to use this analogy for your business. “Business Gardening” Prepare the soil. Get your training, Do your homework, Prepare your presentation, practice your pitch. Get your heart right, your mind focused, and your hands and feet ready to work. Plant lots. Seed is inexpensive. In business it’s your time, your conversations, your networking, your energy. Don’t worry about using up all your energy, you’ll have a fresh batch tomorrow. Plant even where you haven’t prepared the soil. Don’t try to control the results from a limited planting, just plant lots of seeds. Finding deals? Work lots of sources and work them a lot. Raising money? Never selling, but ALWAYS informing, ALWAYS listening, Need contractors? Interview lots and constantly. Growing your market? Talk to a LOT of realtors. Plant LOTs Plant everywhere. Don’t worry whether your patch of land gets enough sun or water. You never know what will come up. Plant all the time - in business continue to plant while you are cultivating the current crop. Plant even while you are harvesting. Plant in the morning, plant in the evening. Plant all day long. Every conversation is a potential connection. In time you will find it difficult to cut loose and just have a relaxing time with friends without talking about your business. Good! You are almost there. I’m not saying you should never relax and have a good time, but honestly, 98% of us don’t need any practice with that. We need to get serious enough about growing our business that it consumes our thinking. In the winter time my dad often sits at the window looking out at his garden. Not saying a word, he’s just thinking about what he’s going to plant and where he will plant it next year. He’s making a schedule. It looks like he’s relaxing and doing nothing, but what he is actually doing is creating next years harvest. Plant more. This is a tough time to find a deal. If that’s the way you choose to look at it, then it will be. There’s always something tough, always a challenge. But there is always an opportunity. And it is ALWAYS there for the person who is looking, listening, working, and PLANTING SEED. Fertilize the garden - Not talking about layering your business presentations with manure. What I mean is create credibility by keeping track of what you are doing, document your successes and use this credibility to make your seed-sowing more fruitful down the road. Weed your garden. Weeds can choke out the harvest. Destroy productivity, reduce fruitfulness, limit results. Answer questions Deal with objections to your plan. Resolve impediments Weed often - the little weeds are easier to get out. Conduct frequent reviews. Review Plans and forecasts. Windshield weeding Review Results - Rearview mirror weeding. Automate the weeding as much as possible. Refine processes - eliminate inefficiencies. Hand-pulling, pencil and paper monitoring One-wheel harrow, spreadsheet TRACTOR!, apps, scanner, technology Water the garden - Follow up. Stay in touch People don’t want to be sold to. They want to be heard. No one cares about your business goals. Everyone cares about their own goals. Make it your goal to help others reach their goal. Pour it on. Not repetitive sales pitches, but attention and commitment to others. How to Reach us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn 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 soon the entire catalog of shows will be 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/2018/05/31/rent-control-what-it-means-for-the-real-estate-marketplace/#610899197670 http://austin.culturemap.com/news/real-estate/05-30-18-tiny-homes-convention-simple-living-jamboree-travis-county-expo-center-august-kasita/#slide=0 https://www.seattletimes.com/business/real-estate/seattle-real-estate-startup-which-aims-to-make-everyone-a-cash-buyer-raises-17-million/ https://www.housingwire.com/articles/43553-flat-fee-real-estate-company-home-bay-buys-50-stake-in-ontitle https://www.prnewswire.com/news-releases/flyhomes-increases-certainty-for-buyers-and-sellers-in-nations-most-competitive-real-estate-markets-300657075.html 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 Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Questions@flippingamericaradio.com Tell us where you’re from!
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60 min
June 24, 2018
Commitment
FAR 155 Expected Air Date: 06/2/18 Opening Over the past couple of weeks we have been visiting together around topics that some in the training industry would call “mind-set pieces.” We have talked about knowing your Why - understanding your basic motivations. We’ve talked about Choices and how your life is a reflection of the choices you’ve made and your future will be determined by the choices you’re making in the present. On the last show I shared some thoughts with you about Confidence. Confidence is a beautiful thing when you have it. Life is difficult without it. Business is nearly impossible without it. So I talked about how to get it, how to keep it when life happens, and how to keep it in check through realistic self-appraisal. I also talked a bit about mistakes and failure as these are often the result of over-confidence. But even these are not the end of the story, because you can overcome most of life’s obstacles if you have a healthy dose of today’s mind-set topic - COMMITMENT. I’m going to devote some time to this important topic in a bit. How to Reach us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn 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 soon the entire catalog of shows will be 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/2018/05/31/rent-control-what-it-means-for-the-real-estate-marketplace/#610899197670 http://austin.culturemap.com/news/real-estate/05-30-18-tiny-homes-convention-simple-living-jamboree-travis-county-expo-center-august-kasita/#slide=0 https://www.seattletimes.com/business/real-estate/seattle-real-estate-startup-which-aims-to-make-everyone-a-cash-buyer-raises-17-million/ https://www.housingwire.com/articles/43553-flat-fee-real-estate-company-home-bay-buys-50-stake-in-ontitle https://www.prnewswire.com/news-releases/flyhomes-increases-certainty-for-buyers-and-sellers-in-nations-most-competitive-real-estate-markets-300657075.html Topic: Commitment Imagine your life as a car. Your “Why” is the fuel. Your Confidence is the engine. Your Choices are the steering system. And your Commitment is the car’s electrical system. You can have your purpose, your moxy, and your path all figured out, but without commitment you’re going nowhere. Commitment is a decision or a choice if you will, a decision to begin. Commitment is where you start and how your start. No effort is required to go downhill. Commitment is there to take you uphill. Commitment is completed by its sibling Discipline. They don’t always go hand in hand. Commitment will get you to the gym for a couple of days. Discipline will keep you there for years. Commitment will allow you to plan out and begin your business. Discipline keeps you at it when it gets tough, when it gets mindlessly easy, or even when it gets boring. The analogy is imperfect though. Both commitment and discipline need to be re-visited, tuned up, or re-stocked as needed. I’m quite sure there’s nothing I can say about commitment that hasn’t already been said. But repetition is good for the soul, the mind, and the life. So here we go. I’ve said for sometime that goals without a plan is mere wishful thinking. Here’s the next thought. A Plan without commitment is a step-by-step outline of failure. It’s not enough to WANT success. It’s not enough to PLAN for success. You have to commit. You’re probably familiar Hernan Cortes landing in the new world in 1519 and ordering his men to burn their ships. That was it. No going home. Two years later he had conquered the Aztec Empire. There’s something about having your back against a wall that gives you that extra unction you need to make things happen. This is a good thing. Your ultimate success is of course going to require Goals, Plans, Confidence, Good Choices, and a reasonable opportunity. But the one thing that will connect all of those is Commitment. Have you tried to get involved in real estate investing and so far had little or no success? Are you frustrated (and let’s be honest, a little envious) when you see people around you seeming to do so well? Do you get perhaps a little resentful that it seems to come so easily for some while it remains difficult for you? Are you tired of trying and ready to give up? Let me encourage you if I can. No one’s life is a easy as they may make it appear. And by the way, few whiner’s lives are as difficult as they want you to believe, but I digress… Every person is on a journey to somewhere. You are on yours. If your goal and plan and path are leading to success, then don’t worry if someone seems to be ahead of you. In fact, choose to rejoice and be happy for the confirmation that this path really does seem to work. Taking too long to get there? Stop focusing on the speed and start concentrating on the difference you are making in others’ lives while on the journey. I can tell you from history and from personal experience that the journey is always more interesting than the destination. The moment you arrive at what you think is your destination I promise you will find another goal and quickly realize that this isn’t a destination, it’s a waypoint - a milestone. There’s more road ahead. Challenging? Bring it on. Difficult? Let’s do this. Confusing? Interesting - let’s figure it out. Whatever it is that is slowing you down is actually helping you get better and BE better. So if things are not working out the way you thought they would or should, first double-check your Goals, Plans, Opportunity, Path, and Choices. If they are all sound, then re-commit to the process. Embrace hardship as life’s reality and choose joy in the journey. I promise you won’t regret true commitment. Motivational Thoughts for the day Success is not final, failure is not fatal: it is the courage to continue that counts. – Winston Churchill 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! Alyssa, Milwaukee, WI, “I’m speaking with a lady who wants to sell her home to me. She’s in her 60’s and wants to move to a Senior living center. She has lived in the house for the past 35 years. She is a bit of a hoarder with piles of books and magazines in every room in the house. It’s hard to really know if there is any serious damage, but the house seems structurally sound. It needs some serious updating. I don’t know how to price this and I don’t know how to approach her with an offer. Houses are selling in the neighborhood for 400. There’s a new neighborhood going in across the street with similar sized homes going in the 600’s. My seller wants a fair price and I want to give it to her but neither of us have a clue what that would be. Oh and if it matters I’m planning to flip the house. Brandon, Kalispell, MT, “I was in Las Vegas last week visiting friends and they told me about your show and that you had mentioned our little town more than once. So I checked it out and you give a lot of really good information. But how on earth did you hear of Kalispell?” Connie, Portland, ME, “When it comes to paint, do you specify a particular brand? There are so many - are they all about the same? And why would there be large differences in quality anyway? Isn’t paint paint?” Hector, Jacksonville, FL “Can you connect me with a lender who will loan on rental properties -- I have a lead on several here from $50,000 to $125,000 in price.? Donna - Wholesaler in Colorado Springs, CO. “I’m knocking on doors and making friends, getting leads, but when it comes to figuring out what remodeling will cost, I’m just guessing. How can I be more accurate?” Whitney, Philadelphia, PA, “I have money to put into real estate and I’m intrigued by your idea of private lending. How would I set this up? I want to loan money to people you recommend.” William, Fargo, ND. “I found your show on the internet and I’m enjoying it so far. Do you have an opinion about owning rental properties in a place like Fargo? This is the way I would want to pursue real estate.” Questions@flippingamericaradio.com Tell us where you’re from!
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60 min
June 14, 2018
Confidence!
FAR 154 Expected Air Date: 05/31/18 Opening Hello Everyone. Great to be with you today. Today we are going to be talking about a quality that is absolutely important for any business owner,  Confidence. You have to have it, but how do you get it? How do you keep it when life happens? How to you keep it in check - to prevent being over-confident? All that is coming up with a few lessons learned the hard way in just a few moments. How to Reach us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn 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 soon the entire catalog of shows will be 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/latest-real-estate-trend-coloring-books-grown-ups/ http://www.nreionline.com/nrei-wire/10-must-reads-cre-industry-today-may-30-2018 https://www.forbes.com/sites/forbesrealestatecouncil/2018/05/30/the-state-of-the-union-of-real-estate-investing/#2a91d773a139 http://www.nreionline.com/seniors-housing/how-seniors-housing-noi-growth-compares-other-sectors https://sf.curbed.com/2018/5/30/17409024/case-shiller-index-first-quarter-2018-san-francisco-housing https://www.realtor.com/news/unique-homes/chevy-chase-mansion-maryland-most-expensive/ https://seekingalpha.com/article/4178005-redfin-amazon-real-estate https://www.cnbc.com/2018/05/29/mortgage-rates-drop-but-borrowers-are-not-impressed.html https://therealdeal.com/chicago/2018/05/30/condo-deconversions-are-all-the-rage-in-chicagos-hot-rental-market-heres-why/ https://seekingalpha.com/article/4178036-housing-bubble-pathologies-start-bite-yet-another-sign-cycle-peaked https://www.marketwatch.com/story/how-10-year-yield-affects-your-mortgage-2018-05-30 https://seekingalpha.com/article/4178065-headwind-facing-housing https://www.bisnow.com/national/news/office/wework-property-fund-raises-400m-giving-it-huge-warchest-to-buy-buildings-88970 http://www.nreionline.com/multifamily/multifamily-rent-growth-stalls-top-markets http://austin.culturemap.com/news/real-estate/05-30-18-tiny-homes-convention-simple-living-jamboree-travis-county-expo-center-august-kasita/#slide=0 Topic: Confidence Confidence is a vital quality for life but especially for business owners and operators. Confidence is an attracting quality that draws people to you. Properly sized and placed confidence provides inspiration, makes those around you more comfortable. For some people, confidence seems natural and easy. For others it’s a challenge and their self-messaging often tells them they will never be a confident person. This is one case where what you tell yourself will certainly determine the outcome. Even the naturally confident person knows fear. The difference is what you do about it. Difficult if not impossible to launch your own business without confidence. You must believe in yourself, your idea or business plan, and in your ability to make it happen. This belief must be so strong in you that you can overcome the inevitable hardship you didn’t plan to experience. Must be balanced. Over confidence can harm you and others. Cross the line too far and you’ll come down hard. So the first battle is to get confident. The next battle is to temper that confidence with a healthy dose of realism. How to get confident. Where does it come from? You don’t gain confidence from participation trophies. You gain confidence through actual achievement. Some is innate. Natural abilities Acquired Knowledge Learned skills Repetitive application of knowledge and skills to reach the “reflex point.” You no longer have to think about this thing you are doing, you just do it. Professional athletes. Skilled artists Public speakers Business leaders Repetition creates Reflex leads to increasing confidence. Confidence feeds repetition and even greater skill level Overcoming Fear Faith Encouragement from others. WaterBoy: “You Can Do It!”, How to NOT get over-confident. How is it tempered? The DANGER of success. Over-confidence, over estimating one’s ability, over reaching. The Waterboy says “You Can Do It” but life sometimes says “You Can’t Do That!” Young children often seem confident without being overly self-aware. Life has a way of beating us down and sucking the confidence out of us. Realistic Self Appraisal. A Man’s gotta know his limitations, Dirty Harry Going Trophyless. Not winning it all Failure: Not winning AT all. The Balancing Point Confidence coming from experience. Cautious courage in taking on something new. Prepare Mitigate Risks Dip a Toe in. Periodic Self-Review Be honest with yourself Give someone else permission Seek the company of superiors. Accept their input, trust their processes. You don’t need to know why something works at first. Just follow the example of the person for whom it is working. Lend a helping hand to others behind you but on their way up. Embrace the occasional setback, conflict, and difficulty. As we climb the mountain we call life, it’s the bumps that give us a hand hold and then become a foothold, thus enabling our ascent. Motivational Thoughts for the day Success is not final, failure is not fatal: it is the courage to continue that counts. – Winston Churchill 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! Alyssa, Milwaukee, WI, “I’m speaking with a lady who wants to sell her home to me. She’s in her 60’s and wants to move to a Senior living center. She has lived in the house for the past 35 years. She is a bit of a hoarder with piles of books and magazines in every room in the house. It’s hard to really know if there is any serious damage, but the house seems structurally sound. It needs some serious updating. I don’t know how to price this and I don’t know how to approach her with an offer. Houses are selling in the neighborhood for 400. There’s a new neighborhood going in across the street with similar sized homes going in the 600’s. My seller wants a fair price and I want to give it to her but neither of us have a clue what that would be. Oh and if it matters I’m planning to flip the house. Brandon, Kalispell, MT, “I was in Las Vegas last week visiting friends and they told me about your show and that you had mentioned our little town more than once. So I checked it out and you give a lot of really good information. But how on earth did you hear of Kalispell?” Connie, Portland, ME, “When it comes to paint, do you specify a particular brand? There are so many - are they all about the same? And why would there be large differences in quality anyway? Isn’t paint paint?” Hector, Jacksonville, FL “Can you connect me with a lender who will loan on rental properties -- I have a lead on several here from $50,000 to $125,000 in price.? Questions@flippingamericaradio.com Tell us where you’re from!
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0 min
June 14, 2018
Flipping America 154, Confidence
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60 min
May 29, 2018
Show Number One - Getting Started
Hello Everyone and welcome to Flipping America. Today we are going to talk about how to get started as a Real Estate investor. I'm going to break down some of the big steps for you in the next few minutes. Then we are going to explore what you do when you don't see the opportunities in your area. Jennifer Beadles is in Seattle but she invests east of the Mississippi. Stay tuned as I talk with her about the process of setting up a remote investing business. Thanks for tuning in and we hope you'll stay tuned as we try to bring you the best news and information to help you grow your real estate investing business.
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54 min
May 29, 2018
Ron Dimmock and Matt Lineberger with Lima One Capital
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54 min
May 29, 2018
Desktop Investing and Multi-Family Investing
Guests Today: Desktop Investing with Jon Ionatti Multi-Family Investing with Juan Pablo
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55 min
May 29, 2018
Virtual Investing with Vincent Polisi
Questions from listeners: From Bob in Long Beach California: I’m looking at a possible rental property. The rent is about $750 per month less than the payment but I feel like long-term this will be a good investment for me. What are your thoughts?   Research: The median home value in Long Beach is $544,600. Long Beach home values have gone up 6.8% over the past year and Zillow predicts they will rise 0.8% within the next year. The median list price per square foot in Long Beach is $407, which is higher than the Los Angeles-Long Beach-Anaheim Metro average of $394. PITI payment about 2700.   The median rent price in Long Beach is $2,125,   Indianapolis: The median price of homes currently listed in Indianapolis Metro is $164,900. The median rent price in Indianapolis Metro is $1,100, which is higher than the Indiana median of $1,000. PITI: $725   Derek from Atlanta wrote in: “I’m having a really hard time finding a deal in Atlanta. The market is so hot here whenever a property is listed, there are usually multiple offers the same day.” Suggestions? If a market is that hot, it’s because of low inventory. This is a good time to be a builder or to invest in one. Deals are still out there even though they are harder to find. MLS may not be the best source. Driving for dollars Deal marketing Pre-foreclosure marketing Move away from the metro area - look to outlying counties. Study population stats - go where it’s growing, but not over-heated. Consider other areas completely. Keep listening to this show or sign up for one of our courses and learn how to flip properties in other state. This is the un-sexy part of being a real estate investor. Sometimes it just seems like work.   Francis from Pittsburgh PA writes in with this question. “I found a great deal. A friend of mine needs to get rid of his house quickly because he got transferred. We spoke to a realtor who said it’s worth probably $160,000. He’s willing to sell it to me for $130,000. All it needs is interior paint and a kitchen makeover. What do I do now? This isn’t a deal if you plan to fix and flip. If you want to move in, probably fine. Candidate for a subject-to purchase or take control with a lease option and flip that. Too many details for the time we have here, but do not buy this house thinking you will fix and flip it for a profit.   If you have questions, we have answers or can find them. Send your questions to questions@flippingamericaradio.com.  We don’t do tax or legal advice on this show and anything you hear that sounds like that wasn’t intended to be that. We are just providing education and using examples for illustration.   We are the real estate investing resource for you. If you need deals, we have them all over the country. If you need training, we have that. Do you need funding? We can do that. How about a combination of training and funding? We can do that. Don’t want to do the work but want to make great returns by investing in someone who is getting it done? We can help you there as well. Whatever you need for real estate investing, if we can help you, we will. You can reach me directly at roger@flippingamericaradio.com.      How to become a millionaire with real estate:   Cash Flow Appreciation (including forced appreciation) Loan pay-down Tax benefits   Show Guest: Vincent Polisi
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54 min
May 29, 2018
Credit Restoration and a New Investor
Alison Feliciano at 5 Credit Restoration Mark Hall. As always I am going to share some investing tips for you and answer a few questions. Later in the show I’m going to tell you why I prefer RE investing to stocks. But first let’s check some emails. Wrap up with about 7 minutes Open: Mailbag: From Tyler in Tampa, FL. “Roger do you have some guidance for what you would pay for a rental property and where you would buy it?” Rent times 60 is almost always a good deal. Stable neighborhood or one with upside. Avoid chronically bad parts of town. Who wants to live there? Only people who want that lifestyle or who can’t afford to get anywhere else. Our heart goes out to good people who are struggling financially. Been there done that. We can do things to help out in other ways including support for local and national housing charities. But this is business and it is not a good business decision to own assets in areas like this. Small low maintenance homes. - brick is great. Duplex, Triplex, Quad - usually excellent choices. The town doesn’t matter that much to me as long as I can find good property management. I recommend you secure the property manager before you close on the purchase. I also recommend purchasing multiple properties in the same area if possible to get you preferred treatment from the property management. From Virginia in Atlanta, GA. “Roger I need some help. I am a real estate agent and I see properties out there that look like a good deal, and I know I want to get involved in investing, but I’m nervous. I haven’t done this before and even though I know a lot about the transaction, I don’t know for sure whether I can make money and I don’t know how to get the rehab done correctly and most of all, I don’t have enough cash to buy the property and fix it. Is there anything I can do and if so, what?” Virginia that’s a GREAT question. I hear this one probably more than any other.
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54 min
May 29, 2018
Frank Rolfe, Mobile Home Parks
Frank Rolfe has literally written the book on buying Mobile Home Parks. He's our guest today on Flipping America and will be here in a few minutes to talk about it.
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54 min
May 29, 2018
Ultimate Rehab Estimator, Pat Dornan
Pat Dornan is Guest, Ultimate Rehab Estimator News You can use: Washington Post: Article on Selecting a Realtor, Ilyce Glink Very good - Some differences with selecting a realtor to work with you as an investor Treat house as inventory, not home Daily costs Cash flow Opportunity costs Forbes: How To Get Rich In Real Estate - Without Being A Landlord REIT: If you’re good with a 4.5% return, go ahead. Book Review and Notes: Donald Trump: The Best Real Estate Advice I Ever Received. It's not just location. It's also price and product. Go where wealthy people are living and playing Fit buildings to the area Know your point of indifference. When it is crossed, walk out. Commit to win. Don't count on luck. Take your profit and move on.   Know the local conditions and traditions. 98% of real estate is the same everywhere. For the 2% you must have to win, find a local person who is knowledgeable, reliable, and trustworthy. Buy the neighborhood, not just the house. Watch the pennies and the dollars will follow. Puppies become dogs. Buy low, sell high, and don't be greedy.   Questions from listeners: Alex from Denver: “I’m about ⅔ of the way through a rehab, but my contractor has disappeared. I can’t get him to respond to texts, calls, or emails. I have found that he took several shortcuts and created problems I have to fix. There isn’t enough money left in the rehab escrow with my lender to cover all of these problems. What do I do?” This is actually 3 problems rolled into one question: Contractor disappeared Fixing contractor problems Running out of money Contractor disappeared: What does contract say? Notify, then dismiss. You have interim lien waivers for all work done so far, right?? This is why we are constantly interviewing contractors. The contract stipulates that all work will be performed to code and to the standard described in the Scope of Work. Contractor will make all needed corrections until standards are met at his own expense. Contractor disappeared? It will come out of your pocket, so KEEP A CLOSE WATCH. Running out of money. Could happen even if the contractor is fine. Unexpected problems occur. (almost an oxymoron - “expected” problems aren’t usually a problem). The Unexpected can drain cash and cause budget concerns. Contingency in budget Cash Reserves If budget is busted, can we sell for higher? Dump to another investor with cash to finish. Try to break even and move on. Contractor problems are the NUMBER ONE issue with rehabbers and their work. My business limped along until I found a good one and then struggled mightily when my good one went bad and I didn’t have others lined up. Marty from Dayton OH: I’m looking at 4 or 5 possible deals that I can buy for less than $20,000 each. I can buy two of them. All of them are in the same area - it’s not a great area, but it’s not a war zone either. The realtor tells me they will rent well and the return will be pretty good. My concern is the value of the property isn’t going to increase much over the years. What are your thoughts? Begin by reviewing your personal goals. If it is long term relatively passive cash flow, these may be a good option. One good question I’ve learned to ask myself over the years is this: “How could this property kick me in the fanny?” Your answer to that question may guide you. In many cities there is an ebb and flow to neighborhood quality. They are either improving or declining. This is less often the case in suburbs or small towns. Look at the larger trends in the area. A similar question is to consider the upside. What are the potential rewards? Barnesville, GA, 2009, $8000. $650/month rent. Unless you buy a distressed property or a temporarily distressed location, real estate isn’t typically going to appreciate much beyond the rate of inflation. In high growth areas you will see an exception, but everything has cycles. High growth areas are good places to buy now, but even they will eventually level off.
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53 min
May 29, 2018
Jim Beach, Startup Expert
Jim Beach is a serial entrepreneur with success in building large companies with the systems to support them. Jim started his first company when he was 25 years old. He was the Co-founder and CEO of American Computer Experience, which he grew with no capital infusion to $12 million in annual revenue in 2000 and to over 700 employees, operating in 39 states and three countries. American Computer Experience became the world’s largest technology training company for children, and enjoyed sponsor tie-ins with Microsoft, Intel, Lego, NASA, and many others. The Atlanta Business Chronicle recognized the company as one of the fastest growing companies in Georgia for both 1999 and 2000. In 2001, Jim was selected as one of the “Forty under Forty” most influential citizens by Georgia Trend magazine. He sold the company in 2000 and joined Georgia State University teaching International Entrepreneurship. Jim’s first book, School for Startups, was published by McGraw-Hill in June 2011. He was featured in the Wall Street Journal (US and Indian editions), Entrepreneur, Fortune, Kiplinger, Wired, the NYT, NPR, MSNBC, CBS, and CNN. He has consulted and run educational programs for SunTrust, Wells Fargo, and Toshiba and has been a featured speaker around the US and in Egypt, Dubai, Japan, South Korea, Argentina, Brazil, and India. Jim completed 2 of 3 years of a Master’s of Architecture at Georgia Tech and was a residential construction worker for 2 years. He is qualified in all areas of construction except electrical.
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60 min
May 29, 2018
Q&A and Your Emails
FAR 008 Marty from Dayton OH: I’m looking at 4 or 5 possible deals that I can buy for less than $20,000 each. I can buy two of them. All of them are in the same area - it’s not a great area, but it’s not a war zone either. The realtor tells me they will rent well and the return will be pretty good. My concern is the value of the property isn’t going to increase much over the years. What are your thoughts? Begin by reviewing your personal goals. If it is long term relatively passive cash flow, these may be a good option. One good question I’ve learned to ask myself over the years is this: “How could this property kick me in the fanny?” Your answer to that question may guide you. In many cities there is an ebb and flow to neighborhood quality. They are either improving or declining. This is less often the case in suburbs or small towns. Look at the larger trends in the area. A similar question is to consider the upside. What are the potential rewards? Barnesville, GA, 2009, $8000. $650/month rent. Unless you buy a distressed property or a temporarily distressed location, real estate isn’t typically going to appreciate much beyond the rate of inflation. In high growth areas you will see an exception, but everything has cycles. High growth areas are good places to buy now, but even they will eventually level off. Edward from Columbus GA contacted me with this question: Looking at land deal. Owner Financing Land is $325,000 for all. $65 - $85 / sf. 8 houses can fit. Sell for 200,000 each. Patrick from Lancaster, PA. I have 25,000. I can put 4-5 hours a week into this. What should I do first? Sherwin from Jacksonville, AL. I am retired from the military. I have a pension, I have some savings. But mostly what I have is time. What can I do to get started? I would like to do this right here in the Jacksonville / Anniston area.
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54 min
May 29, 2018
News, Predictions, and Emails
FAR 010 News Commercial Markets are bullish on Trump. Article in bizjournals.com. In 2014, 100% of the brokers surveyed said they were uncertain with the federal government’s policies and how they would affect markets. In their most recent survey that number is down to 37 percent feeling uncertain. I don’t know what that means but the article states that this is a sign that the commercial real estate industry is generally bullish on President Trump. I don’t know whether a decreased level of uncertainty is actually a measure of anything. We all know or should know that much of the market is driven by consumer and investor confidence. This article is an example of a survey with rather nebulous logic being used to try to create positive momentum. The rest of the article suggests a commercial building boom is in our near future. It concludes with an authoritative sounding quote from Mark Stapp, Executive Director of the W.P. Carey Master of Real Estate Development program. But his quote is basically his opinion, which by definition would be biased in favor of an optimistic view of the commercial market. He offers no supporting evidence whatsoever. Hey, everyone is entitled to their opinion. I respect Mr. Stapp’s opinion and would agree he is in a more informed position than I. I just don’t think combining his opinion with a survey of the opinions of other commercial brokers makes a conclusive case. On the other hand, as part of a larger effort to create enthusiasm, I concede they will ultimately be correct, but only because consumer and investor confidence is picking up. I have opinions too. I happen to believe that Trump’s presidency will ultimately be good for the economy and as a part of that, commercial real estate. I am not going to use some semi-logical and quasi-authoritative article to substantiate that claim. Am I being contradictory? No. I try to make a habit of sorting out the actual news from opinions. I consider the source for whatever I’m reading or hearing. I compare with other voices. I intentionally read the opinions of those with whom I fundamentally disagree. Why? Because if you always listen to people you know you agree with you are only learning how to repeat someone elses thoughts. If you consider other points of view, you arrive at your own opinion. You still might be wrong, but at least you own it. So I agree that commercial real estate will soon be back on the rise. I just don’t think this article proves anything other than some people agree with me. America’s Real Estate is Booming, but is it a bubble? No question it is hot. Shortages everywhere Builders scrambling to ramp up production, Four high rise projects within ¼ mile of me - all 25+ story buildings and all residential. 26% surge in prices nationwide since the low in March 2012 In the next 12-24 months supply will begin to catch up to demand The rate of increase will level off. Hedge Funds are beginning to dump properties. Their models must be suggesting it is time. Seattle times: Alexander Phillips, Twinrock Partners, “We view this as a trade, not as a business.” Larger hedge funds are buying smaller ones, but many properties are hitting the market They have about 200,000 homes. Blackstone has about 45,000. According to www.thebalance.com, banks returned to selling mortgage backed securities on the secondary market in 2013, BUT They are holding on to more of their own paper due to Fannie and Freddie fee increases. It’s cheaper for them to hold on to the safer loans. They are making more jumbo loans which are not insurable by Fannie and Freddie Lending requirements are tighter, basically requiring the borrowers to demonstrate credit-worthiness. No more “liar loans.” When the housing market collapsed, these loans accounted for less than 20% of all loans made but caused 50% of the losses. So far there are no Collateralized Debt Obligations being sold. I think we might have learned some lessons and I do not believe we are about to repeat the cycle of 10 years ago. Interest rates will continue to rise as the economy strengthens. I predict we will see a flattening of the rate of cost increases of homes. In super-heated markets we might even back up a bit when supply begins to exceed demand. What does all this mean to you as a real estate investor? This is a good time to buy rentals if you can find distressed properties at below market rates. Higher home prices mean more renters. Be prepared to hold them awhile. The Hedge Funds showed no mercy to competitors while paying too much for most of what they bought. Show them no mercy in buying what they are dumping. It’s not revenge, it’s just doing business to win. Whatever the market conditions, there is opportunity out there. All you need to know is what you can sell it for and your costs of improvements, From those two numbers you can back into what you will pay for anything. Not all sellers will play ball. But some will. Keep asking, keep seeking, keep knocking. Mail Scott from Greensboro, NC. I have a couple of rental properties in Greensboro, NC. I need to sell them. What do you suggest I do? List them! Put them on Craigslist. You’re going to sell to an investor, so be prepared to accept what an investor will pay. Cash on Cash return. 10% ok, 12% will get it sold quickly.   Brian from San Diego. I hear what you are saying about the desired returns on rental properties, but those numbers are just not possible here in San Diego. The average 3 bedroom home here in an area that is somewhat ok is around $600,000. It would rent for $3300, but that’s far less than the numbers you talk about. What would you recommend? Lesson Let’s Find a Deal! Drive Around Absentee Owners Letters and post cards Door Knocking campaign Biz Cards Flyers Foreclosure Auction Craigslist MLS
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60 min
May 29, 2018
Charlie Fowler, Legal Shield
FAR 011 Announcements: Email and website are down. Email has a temporary fix. Website will be up soon. Emails today: Billie Jean from Meridian MS. One of my rental houses has developed a mold problem. The tenants are refusing to pay the rent and are threatening to sue me. Lorna from Atlanta: I want to make an offer on a house I found on Craigslist. The seller doesn’t want a realtor involved. That means I can’t get access to a standard purchase and sale agreement. Where can I get one? We are sending you a sample contract that we know works in Georgia. Fran from Boulder, CO: My husband and I are ready to sell our rental properties and retire. We have 12. They don’t give us many problems but we are about to hit our 70’s and we just don’t want them any more. We’ve thought about listing them, but would not want to displace our tenants. Some of them have been there for years. What are your thoughts? Guest: Charlie Fowler, Legal Shield
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60 min
May 28, 2018
Atlanta Real Estate Leader Joe Thompson
Today we are joined by local Atlanta entrepreneur and investing legend Joe Thompson. Joe leads a group of investors that over the past 17 years have conducted more than a half billion dollars in real estate transactions with each other.
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60 min
May 28, 2018
Contractors and Contracting, Part 2
FAR 013 Announcements: Remember the website and email have been down. If you sent an email and it bounced back, please re-send. Today’s show We a  re going to finish the conversation about Contractors, contracts and vital construction documents. Updates: The other day Joe Thompson: “If at first you don’t succeed, then go back and do what your coach told you to in the first place.” Eriq: doing exactly what I tell him to do. Last week he drove several subdivisions, found 60 possibly vacant homes. Did his research, mailed letters, and over the weekend made 27 offers. Today he reports that two of his offers have been accepted! Remember, he’s 20 years old. Does he know what to do next? Nope. But that’s the beauty of our training. I’m working with him on the next steps and the ones after that until we have fixed the properties and sold them to new homeowners. Anna from Houston writes: “I can’t get realtors to find deals for me. I’ve told them I want to buy several houses but I never hear anything back from them. Why are they so un-interested in helping me. Don’t they realize they would be making money?” Big Rehab Steps During DD, Walk property Create Scope of Work Solicit Bids Cancel or renegotiate purchase agreement if too high Select Winning Bid Hold Mobilization Meeting Sign Contract Verify the 8 Essential Docs Begin Work Visit often, irregular schedule Updates Daily Photos Weekly, same spot Payments with Interim Lien Waivers Final Inspection and punch list Final Payment and final lien waiver
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0 min
May 28, 2018
Contractors and Contracting, Part 2
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60 min
May 28, 2018
Contractors and Contracting, Part One
FAR 013 Announcements: Remember the website and email have been down. If you sent an email and it bounced back, please re-send. Today’s show We a  re going to finish the conversation about Contractors, contracts and vital construction documents. Updates: The other day Joe Thompson: “If at first you don’t succeed, then go back and do what your coach told you to in the first place.” Eriq: doing exactly what I tell him to do. Last week he drove several subdivisions, found 60 possibly vacant homes. Did his research, mailed letters, and over the weekend made 27 offers. Today he reports that two of his offers have been accepted! Remember, he’s 20 years old. Does he know what to do next? Nope. But that’s the beauty of our training. I’m working with him on the next steps and the ones after that until we have fixed the properties and sold them to new homeowners. Anna from Houston writes: “I can’t get realtors to find deals for me. I’ve told them I want to buy several houses but I never hear anything back from them. Why are they so un-interested in helping me. Don’t they realize they would be making money?” Big Rehab Steps During DD, Walk property Create Scope of Work Solicit Bids Cancel or renegotiate purchase agreement if too high Select Winning Bid Hold Mobilization Meeting Sign Contract Verify the 8 Essential Docs Begin Work Visit often, irregular schedule Updates Daily Photos Weekly, same spot Payments with Interim Lien Waivers Final Inspection and punch list Final Payment and final lien waiver
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60 min
May 28, 2018
Malhar Bhagat
Malhar Bhagat joins us today and shares his amazing story of how, driven by desperation, he began investing in real estate and turned his life around. Stay tuned for his amazing story.
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60 min
May 28, 2018
Ramon Tookes, Founder of Flipology
We are joined today by Ramon Tookes, noted Atlanta investor and Founder of Flipology, a real estate training program.
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0 min
May 28, 2018
Structure Your Company for Success Hugh Ballou
Noted strategist and consultant Hugh Ballou joins us today to discuss proper structure for your business (or non-profit).
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0 min
May 28, 2018
Investing with your Self-Directed IRA
FAR 018 Opening Send those emails: questions@flippingamericaradio.com Ashley, from Oconomowoc, WI writes: My husband and I are thinking about investing in a cabin near a local ski resort. It seems like a good purchase for us, but when we look at the numbers we would need for it to be rented out half of the weekends of the year to break even. What are your thoughts about vacation rentals as investments? Franklin from Pittsburgh asks: For a rental portfolio, single family, duplex, quad? What would you prefer? Suzanna heard the show while visiting Las Vegas but lives in Chattanooga, TN. She asks, “I’ve been thinking about this for awhile and I believe I could do this flipping thing. Where do I start? Show Guest Using your IRA to invest in Real Estate, with Mike Ventry from Advanta IRA. Conclusion: Let’s Talk about Networking
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0 min
May 28, 2018
Flipping America 018 Mike Ventry
FAR 018 Opening Send those emails: questions@flippingamericaradio.com Ashley, from Oconomowoc, WI writes: My husband and I are thinking about investing in a cabin near a local ski resort. It seems like a good purchase for us, but when we look at the numbers we would need for it to be rented out half of the weekends of the year to break even. What are your thoughts about vacation rentals as investments? Franklin from Pittsburgh asks: For a rental portfolio, single family, duplex, quad? What would you prefer? Suzanna heard the show while visiting Las Vegas but lives in Chattanooga, TN. She asks, “I’ve been thinking about this for awhile and I believe I could do this flipping thing. Where do I start? Show Guest Using your IRA to invest in Real Estate, with Mike Ventry from Advanta IRA. Conclusion: Let’s Talk about Networking
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0 min
May 28, 2018
Funding Your Deals with FundSource
Today we are joined by Erik Barlow and Avery Rucker from FundSource. Find out how you can get your deals funded. Editor's Note: Yeah we were a little thin on "show notes" sometimes in the early days.
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60 min
May 28, 2018
John Durham, Atlanta Mega-Realtor
FAR 020 Benjamin Franklin, Signer of the Declaration of Independence "[O]nly a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters." This thought is brought to you by the Foundation for Renewal, working with communities to impact and improve lives. On the web at RenewalFund.net. Emails: From Stan in Boulder, CO. “How do I fire a contractor?” Loaded question! Hopefully you have a written agreement. Make sure you follow it carefully. And hopefully your lawyer checked out the agreement before you signed it. Your Legal Shield attorney will review this agreement and any other contract you want her to see for free. Notify in writing of default and intent to fire. If default not cured, terminate as soon as possible. Preferably in person. By phone is ok., not text. Follow up conversation with email. Make sure you have made all payments due, provided evidence of payments made, documented reasons for termination, especially any dispute over payment, Make sure you have interim lien waivers for any money paid out so far. Change the lockbox at the house. Interview Guests: John Durham
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60 min
May 28, 2018
Investing in Chicago, Lending in Atlanta
FAR 020 Email: Angelina from Austin, TX writes, “How can I take your training? I’m in Texas. Coming here soon?” Franklin from Boulder, CO asks, “You mentioned one time that you had hundreds of properties for sale across the country. Could I get a list?” FFR Quotes: President Dwight Eisenhower said, “"Our whole theory of government finally expressed in our Declaration...said...Man is endowed by his Creator...When you come back to it, there is just one thing...that a man is worthwhile because he was born in the image of his God...Democracy is nothing in the world but a spiritual conviction...that each of us is enormously valuable, because of a certain standing before our own God." This thought is brought to you by the Foundation for Renewal, working with communities to impact and improve lives. On the web at RenewalFund.net. Interview Guests: Scott Krone, Founder of Coda Design / Build in Chicago Peggy Burke, Southeast Mortgage
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59 min
May 28, 2018
Investing from Texas to Virginia
FAR 022 We like to talk with people who are getting it done in the industry. Today we will have conversations with two successful investors, one from Austin, Texas and the other from the Washington DC area. We hope you will be informed, inspired, and encouraged to make the best decisions possible in your own real estate investing. We don’t encourage everyone to drop what you’re doing and start flipping houses like they do on TV, but we do encourage everyone to have real estate as a part of a balanced investment portfolio. Emails: Andre is from South Africa. Heard our show while visiting friends here in the US. He writes, “Roger I’m interested in this whole idea of investing in real estate back in my home country. Do you have any idea how I can get started here?” Juan from Long Beach, “I need rental properties, but they are just too darned expensive here in California. Where can I go to find more reasonably priced cash-flowing properties and how would I go about it?” Interview Guests: Jamie Cook, from the Washington DC area Guy Gimenez, from Austin Texas
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59 min
May 28, 2018
Jay Conner, Investor, Trainer, Private Money Man
FAR 023 You need money to do this business. If you don't have your own money, you need either an investor or a lender, but somehow, you have to find the money. The best source of money for an individual deal is a Private Lender. But how do you find private lenders? And how do you get them to commit to funding your deals? Learn how today in my conversation with Jay Conner from Morehead City, NC.  Emails: Elinore from Milwaukee writes, “We have just finished our first project and it’s time to list it. My husband and I are considering whether we should hire a staging company. What are your thoughts on staging?” Randall from Boulder, CO writes, “Properties are so expensive here, the cost of a hard money loan makes it very difficult to find a deal that will work. Any suggestions?” Pay close attention to today’s guest, Jay Conner, talking about Private Money Consider flipping remotely in other areas. Consider a Joint Venture. Make sure you trust your venture partner(s) Make sure the paperwork is airtight (Legalshield attorney can help with that at no charge). William from Long Beach, CA, “Appreciate the show. I picked up a foreclosure that is in pretty good condition. The paint on the walls is in great condition but it’s a light green color. My realtor called it “sea-foam green” and said it’s got to go. I don’t want to spend the $3500 to paint the house. What do you recommend? Interview Guests: Jay Conner, Raising Private Capital
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59 min
May 28, 2018
Selling Your Houses
FAR 024 Topics: Re-selling your own home. Ideally, move most of your stuff out. Consider a service like PODS who will bring a storage unit to you, then move it to their secured space until you find your new place. Put EVERYTHING you won’t need for a few months in it. Paint neutral colors. Buyers might like your color choices, but they also might not. A “blank canvas” is likely to appeal to more buyers. Hire home inspector, make needed repairs Fix up the lawn. Do everything you can to increase that curb appeal. Consider upgrades to the kitchen and/or master bathroom. Interview agents, hire one that has a complete marketing plan for your home. Even in a hot market, take nothing for granted. Emails: Gershawn from Greenville, SC “I want to bid on a foreclosure being sold at the courthouse steps in June. How should I go about this?” Do your homework. Visit the property. If occupied do a “drive-by” repair assessment. Premise: The condition of the outside is a reflection of the condition of the inside. Assume roughly $25/sf plus $5000 for every 10 years of age as a repair “guess-timate” Research the title. Make sure the foreclosing loan is in first position. Learn whether back taxes are owed. Have several possibilities. If you go with only one in mind your odds are much lower and the temptation to overbid is higher. Take enough certified checks to cover 10% of your max bids. Remember in SC you have I think 20 days to pay off the balances. If you’re willing to partner with someone, consider it. If you have time to be an observer for an auction or two, I recommend it.   Patrick from Lancaster PA, “I’m looking at a house that seems like a good deal, but it has fire damage and some water damage from where they put out the fire. It was mostly confined to the kitchen. What are your suggestions?” You need a fire restoration specialist. Look for them online. You want someone who is certified by one of the major groups, if possible. You really only want these people for an inspection and a repair recommendation. You’re not going to like their quote on the repairs, but get one out of respect for their time. IICRC That’s the Institute of Inspection, Cleaning and Restoration Certification. IICRC.org International Restoration Institute, iriedu.com American Council for Accredited Certification Acac.com The Council-certified Fire and Smoke Damage Technician (CFST) and the Council-certified Fire and Smoke Damage Consultant (CFSC) conduct investigations to assess property-related fire and smoke damage. Make sure any agreement you sign with them spells out clearly their responsibilities and warranties, if any. You want the option to call them back if it’s not done correctly. Run the agreement by your legal department (legalshield) before you sign anything. If there is ANY chance that roof framing members or load bearing wall members have been compromised, have the damage inspected by a licensed structural engineer who will sign off on his or her recommendations and keep in mind they will need to re-inspect before you cover up the work with finished walls. This is going to cost you some money up front and you should do it during the due diligence period to make sure you are going to remain in budget. Keep in mind that the fire and water damage restoration people you are going to find  are used to providing repairs for insurance companies to pay. Their estimating software kicks out the highest repairs costs imaginable. You can throw a rock and find a reputable contractor who will do the required work for much less.
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59 min
May 28, 2018
Bruck Mack, Platinum Finance
Yes the zero-down deals do exist in real estate investing but you will have to pass up 100 good deals to find one. In the meantime, you need operating capital. Our guest today, Bruce Mack, will show you how to have the capital you need to start your business, do your marketing, make your down-payments and interest payments on the houses you buy. All of this takes money and Bruce can put it into your hands. Editor's Note: We are continually developing sources for your deal and business funding. Check the website for updates!
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60 min
May 28, 2018
The Ten Day Real Estate Investor, Chapter One
FAR 026 Topics: Reading from the Book: “The Ten Day Real Estate Investor” Introduction Chapter One Emails: Ron from Austin Texas, “I can’t find any deals that fit the formula. I’ve been looking at properties for about 2 months and I’ve made 3 offers, but to no avail. Please help.” Elsa from Albuquerque NM, “I have the capacity to do one deal at a time. However, I have two great deals in front of me right now - both of them are about the same profit with the same level of difficulty. What should I do?” Amy from Madison WI, “Do you sell many houses over the winter down there in the south? I’m especially curious about the holiday season. I usually just plan on shutting down during the last two months of the year. Peter from Ocala, FL, “I’ve been hearing about a subject-to purchase. Can you explain what that is? I’ve also heard it’s illegal in Florida.”
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60 min
May 28, 2018
The Hidden Cost of Home Ownership
FAR 027 Announcements: Tuesdays at 2. Free online coaching from the Flipping America guy Contractor Fails Two Renewal Quotes Topics: Is Home Ownership a good investment? The top Ten Real Estate Deals in American History The best time in History to invest in real estate? Jeff Reeves, a columnist for MarketWatch says yes. It’s a Healthy Market, not a bubble. Realtor.com has create a “bubble index” Prevalence of house flipping Price to income ratios % of buyers using mortgage financing Foreclosures are at the lowest level since 2000. Innovation is lowering barriers to entry for investors. Online research Online funding Innovations in lending for investors Comparatively, stocks and bonds aren’t looking that promising at the moment 10 year treasurys are at 1.6P% annually and investment grade corporates aren’t much better. Emails: Susan and Jonathan write in from Pittsburgh. “We are newly married, both college graduates with decent incomes and a plan for a family. We are considering buying our first home and want to know what you think about it as an investment.” Your home is not, and should not be considered an investment. The appreciation in your home will barely cover inflation historically. If you are considering a 30 year mortgage, you have to look at historical trends not what has happened recently. It doesn’t provide income It doesn’t grow in value in a significant way. Your down-payment applied to an indexed fund is likely to do better over the next 30 years. You are not going to dispassionately analyze your home like you should with any real investment. It should be on your balance sheet as a consideration in your net worth, but note that it does not count toward the requirement as an accredited investor. It should be viewed more as a consumption item rather than an investment. But what about paying down the mortgage and building up equity? It is true that for many, homeownership is a means of creating a type of “savings account” and for many, the lack of liquidity is probably a good thing. You won’t be selling off a piece of your house so you can buy the hot new consumer electronics next year that you really can’t afford. Are you really building equity? Consider the other costs of home ownership Maintenance and repairs Insurance Taxes (deductible but must be reckoned) Example: I bought a home in 2002 with $200k in equity the day I bought it. Saw my girls through their high school years, raised my son there. Over the years I have paid the following: Maintenance and repairs: $46,500 Insurance: $22,500 Taxes: $72,000Total: $141,000 If I were to sell the house today I would net from the sale around that same $200,000 I had the day I bought it. What I should have done: Flipped that house for cash after I finished repairs Calculate the cost of homeownership and over the years invest that $141,000 into other things (along with the original $200k) I would have well over $1m additional in my nest egg right now. If you want to pay down a mortgage and build up equity, why not also structure it so you can depreciate the property on your taxes and write off all of the maintenance and repair expenses? Yes I’m talking about owning rental property. But when I’m old and gray I want to have a paid off house so I won’t have the burden of the house payment on my retirement income. There are OTHER many good benefits of buying and owning a home: The forced savings is a reality and for better or worse is the primary savings of most Americans. You can deduct the interest paid on a mortgage. This is a benefit, but I do not think it rises to the level of a “reason” to buy a home. Typically you can enjoy more space than you can in a rental. The direct cost per sf is less. Call me old school, but I think kids need to grow up with a yard to play in. - And parents to make them go outside and play. You can find a home and space in an area where you want to be and rent. When your needs grow, rather than the challenges of selling and buying, just upgrade the rental. Home ownership is undeniably satisfying to the ego and our idea of the American dream, but is not usually the best financial decision. You should never buy as much house as the lender tells you you can afford, and you shouldn’t do it without a 20% down-payment and a genuine strategy for savings and investments that will not be affected by your house payment.   
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60 min
May 28, 2018
Mark Jackson
One of the biggest challenges facing investors who are either not Realtors or are out of their market area is active valuation. Our guest today, Mark Jackson has developed a solution for this problem. Hear about that and much more coming up.
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60 min
May 28, 2018
Contractor Fails
This is the long awaited show -- your stories about Contractors and their failings. Sometimes dishonest, sometimes incompetent, always the source of -- let's say -- interesting situations with our rehabs. To be fair, there are plenty of good, honest, hard-working and competent contractors out there. They may even be in the majority, but the horror stories are prevalent. It usually takes some time, but after sufficient time has passed, these stories can be a source of entertainment. So, enjoy! ...and try not to cringe. Lessons: Clear and detailed Scope of Work Due your diligence on the contractor References The NOT References Insurances, GL, Workers Comp License Clear contract Clear payment policy, including interim lien waivers Monitor the progress Monitor the property, vary your schedule. Protect your investment Emails: Ron: Contractor was hired, asked for money to get started. Never showed up to do the first bit of work. Raymond: Contractor completed 41,000 in work and was paid. Still lacked 2000, but after two weeks, had not been back to the job site. I fired him. 2 months later he liened the property for $17,000. Ended up settling for $5,000 because that was cheaper than the legal fees to fight it. Erin: We finished up the job and everything looked great. I paid the final invoice, got my lien waiver. Two weeks later the AC wasn’t working right - it was supposed to be brand new. I called the contractor. He blamed the sub, gave me that guys’ number. I called him and he told me he installed exactly what the contractor told him - and he had said it was insufficient, but the GC wanted to save money. I ended up having to redo the entire system with a different AC guy. Lisa: Everything went exactly as planned. Contractor finished on time and on budget. We paid, got our lien waiver signed. All was good. Two weeks on the market and we had multiple offers. Then we discovered that one of the subs had filed a lien on the property because they had not been paid. I notified the contractor that this sub had better get paid or a shit storm was heading his way. It was resolved, but I had to find a new contractor. Franklin from Macon: The day after my job was complete I met the realtor at the house to list it. When I got there I discovered that both brand new air conditioners and all of the brand new appliances had been stolen. Guess what? Those items were not covered by insurance. So I had to fork over another $10,000 to replace them all. It turns out that one of the subs had all the stuff and by the time they caught him he had sold everything except one of the AC units. We are working through the courts on a restitution plan but it may take awhile for me to get my money.
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60 min
May 28, 2018
Investing in Detroit, with Jason Cole
FAR 030 Topics: Remote flipping Infrastructure Local Investors Realtors Closing Personnel Contractors Local private investors Wholesale - get with local investors Retail - build a strong team. Emails: Henry from Ocala FL, “I’m not a realtor so I don’t have access to the MLS. How can I come up with the ARV?” Welcome our new affiliate near Ocala, 97.7. The Villages. Research… InvestorCompsOnline.com Tyler from Milwaukee. I have a great deal on a 4/2.5 in a desirable area and want to get your thoughts. The owner is asking 325,000. They want 10% down and will finance the rest to me at 6%. My payment including taxes and insurance would be just over 2000. I can rent the house out for $3200. It’s in a great area with great schools. It would appraise today at about 340. Comment on owner financing. Michelle from Las Vegas. I have an opportunity to buy a house that needs serious updating. I plan to move in and make repairs as I go. Can you recommend a hard money lender out here in Vegas? The house is selling for $265,000, but it would be worth nearly $600,000 when I get all the work done. It will take about $120k to do everything I want to do, but I also plan to live here several years. I make good money and could qualify for a loan up to about 400,000, but the lender I spoke with won’t loan money to make the repairs. Dodd-Frank prohibits HM lenders. Conforming lenders are limited when repairs are needed. FHA requires finished floors, for example.   Go conventional, make repairs as you can with cash. OR get a HELOC and make repairs. Clay from Atlanta, I sold a business and have some cash. A local investor wants me to partner with him by putting up some cash for a downpayment on one of the properties he wants to buy. He’s done a few hundred flips and I’ve known him awhile. I trust him but I still want to make sure I’m protected. What should I do? Interview Guests: Jason Cole, REIA of Detroit
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60 min
May 28, 2018
Jennifer Hammond, Realtor, Investor, Radio Host
FAR 031 Topics: Impact of Dodd Frank Repeal on home values.    Wholesale - get with local investors Retail - build a strong team. Emails: Clay from Atlanta, I sold a business and have some cash. A local investor wants me to partner with him by putting up some cash for a downpayment on one of the properties he wants to buy. He’s done a few hundred flips and I’ve known him awhile. I trust him but I still want to make sure I’m protected. What should I do? Interview Guests: Jennifer Hammond Jennifer Hammond Show. Reality Real Estate on Sirious/XM   She ties whatever she does to real estate: i.e. music Has a course on staging, to sell faster and for more money - $997. Youwillchangetheworld.com, scroll down for course.   Million dollar staging secret.   Non-profit groups - increasing RE values. Dr. Betty, value-based leadership. The Secrets of Top Level Performance in Life.   Ben Carson on her show
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60 min
May 28, 2018
BANK sales training with M3
FAR 032 Topics: Emails: Andy, LaSalle Pennsylvania, “I have two great deals in front of me, but I don’t have enough cash to do them both. What would you do?” Interview Guests: Maxine Frederick, Melissa Frederick, Monique Hayes BANK Code Sales Training
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60 min
May 28, 2018
News and Questions
FAR 033 News and Questions Emails: Jeremy from Indianapolis How do you get your painter to do the work for $1.25k per square foot of floor space. I’ve talked to 2 painters and they want $2 or $2.50 per square foot. 1400 sf house. 2 guys, 2 days. If he pays those guys $20/hour that’s $320 in labor. $600 for paint. He will have about $160 in Workmans Comp. His only other costs are the wear and tear on his sprayer and other reusable items. If he assesses $100 for those items his costs total $1180. I’m paying him $1750. He’s clearing around $600 and he can still do another house for me this week. He’s not going to get rich from one job, but if I have 8 or 10 houses lined up for him to knock out, he’s going to enjoy a steady paycheck. I pay extra for high ceilings, really rough walls, garage floors, and anything that needs an oil based primer first. So it’s not strictly $1.25 per sf. Jeff, Louisville, KY I like your show and appreciate what you have to say. I want to get some training, but I’m cheap. I am finding a lot of information on the internet for free. Why should I pay for training and oh by the way, do you have an opinion about which free resources are best? Helen, Ocala, FL My husband Bob and I want to buy 3 or 4 rental houses, but we don’t want to manage them. Therefore we don’t care where they are really. Can you help us? Patricia, Greensboro, NC I have two rentals I want to sell. They are rented so I guess I’ll need to sell them to an investor. Would an agent even list these properties? If not, how would I go about selling them? Tim, Las Vegas I think I heard you say something about using a realtor. I’m a professional investor. I can take calls and sell the property myself. Why would I want to give up 6 or 7 percent of the sales price to an order taker? Nick from Aurora, CO. How do you go about hiring a realtor in a new area? What are some of the things you look for? What do you ask them for and what do you promise them? The crooked realtor from Macon story.
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60 min
May 28, 2018
A Day In the Life of An Active Investor
FAR 034 Topic A Day In the Life of an Active Investor Emails: Jeremy from Indianapolis How do you get your painter to do the work for $1.25k per square foot of floor space. I’ve talked to 2 painters and they want $2 or $2.50 per square foot. 1400 sf house. 2 guys, 2 days. If he pays those guys $20/hour that’s $320 in labor. $600 for paint. He will have about $160 in Workmans Comp. His only other costs are the wear and tear on his sprayer and other reusable items. If he assesses $100 for those items his costs total $1180. I’m paying him $1750. He’s clearing around $600 and he can still do another house for me this week. He’s not going to get rich from one job, but if I have 8 or 10 houses lined up for him to knock out, he’s going to enjoy a steady paycheck. I pay extra for high ceilings, really rough walls, garage floors, and anything that needs an oil based primer first. So it’s not strictly $1.25 per sf. Jeff, Louisville, KY I like your show and appreciate what you have to say. I want to get some training, but I’m cheap. I am finding a lot of information on the internet for free. Why should I pay for training and oh by the way, do you have an opinion about which free resources are best? Helen, Ocala, FL My husband Bob and I want to buy 3 or 4 rental houses, but we don’t want to manage them. Therefore we don’t care where they are really. Can you help us? Patricia, Greensboro, NC I have two rentals I want to sell. They are rented so I guess I’ll need to sell them to an investor. Would an agent even list these properties? If not, how would I go about selling them? Tim, Las Vegas I think I heard you say something about using a realtor. I’m a professional investor. I can take calls and sell the property myself. Why would I want to give up 6 or 7 percent of the sales price to an order taker? Nick from Aurora, CO. How do you go about hiring a realtor in a new area? What are some of the things you look for? What do you ask them for and what do you promise them? The crooked realtor from Macon story.
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60 min
May 28, 2018
Why Use a Realtor?
FAR 035 Topics: Hiring a Realtor - “hiring a Realtor” keynote from F&F course
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60 min
May 28, 2018
Email Questions
FAR 036 Topics: In the news: Seattle is the #1 residential market in the US in terms of growth and heat (not necessarily value). Emails: Ronnie from Boulder CO, “I have kind of a dumb question. How do you pick a name for your company? Mike from Ocala, FL, “I’m interested in this, but completely new to the idea. How do I get started?” Courtney from Atlanta, “I’m in the insurance business but thinking about flipping a few houses here and there. How much of my time will this take?” Steve from Houston, TX, “I’ve formed my company, secured a domain name for a website, hired a CPA, and talked to a few local realtors. What else do I need to do in order to get ready to enter this business?” Aldo from Long Beach, CA, “I’ve been flipping 2-3 houses per year. How do I make the move to the next level? I want to be doing 1-2 per month.” Beth from Milwaukee, WI, “How do I find my first deal?” Social Media Direct Mail MLS Craigslist Persistent Consistency Lauren from Atlanta, “I love my job and don’t want to quit, but I’m interested in passive income from real estate. What’s my best move?”
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60 min
May 28, 2018
Population Growth and Opportunity
FAR 037 Topics: Population Growth and Opportunity Emails: How do I know what I should pay for a fix and flip?
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60 min
May 28, 2018
Top Trader Questions
FAR 038 Topics: Real Estate News Investor Uh-Ohs Contractor Fails Investing SCAMS The Trader’s Top Questions : What is the acquisition cost? What are the holding / improvement costs? What is the selling price? What will the cash outlay be if I use leverage? What is the return on investment? What is the return on my cash? What is my return on effort? Wages, whether salaried or hourly are 1 to 1. Hours Time Completed work Start a small business and to begin with it’s as low as ½ to 1. Add employee to get back to 1 to 1. Each employee slightly reduces your effort to increase your bottom line.Capitalism is based on the exchange of effort for a living wage. The employer pays a fair wage but it always less than the return that employee will ultimately bring to the company. Active real estate investing (flipping) still involves effort, but opens up returns in the form of unlocked equity or value creation through improvement. Active rental investing requires effort but theoretically offers more rewards than exchanging that effort with someone else. Passive investment has a return of many to 1. Hard to quantify, but the continuing effort put forth is small in comparison to the return. Emails: Toni from Orlando: How do I decide whether to install hardwoods or just replace the carpet? Carpet is significantly cheaper. Chastity from Dallas, GA: We bought a house where the old garage has been converted into a family room. The room really adds some needed interior space, but it was poorly done and not to code. It will cost as much to make it right as it would to just make it back into a garage. What would you do? Evan from Harrisburg, PA: I have a found what looks like a good funding source online. They say they will provide capital for my business and funding for my deals. I filled out the paperwork and then they told me I just needed to submit $2500 to process the account and set the paperwork up. Bob from Pittsburgh, PA: Should I use one of those 25 year paint products for the exterior of my flip house or just paint it? Francis from Denver: We bought an old one - got into it and found major problems that the GC missed in his original estimates. No way we can make money now. What do we do?
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60 min
May 28, 2018
The 90 Day Flip Rule and Loan Terms
FAR 039 Topics: Real Estate News Investor Uh-Ohs Contractor Fails Investing SCAMS How do I calculate the costs of my deal? Emails: Arianna from Long Beach: “I keep hearing about the 90-day flip rule. What is it? How does it affect me as an investor?” Dennis from Denver, “I’m confused by all of the terms of a hard money loan. Can you explain what they mean and how it works? How can I know what this is really costing me?” ARV CV LTV TLTV Points Rate Term   Look for: % of purchase funded % of rehab funded Funding limit (as a % of the total project cost) Additional fees: Draw fees? (inspection - $125-150 is reasonable). Loan processing fees? Doc fees? Blah blah blah fees?   Ken from Milwaukee, “You’ve mentioned on the show that you know your daily cost of a project. How do you calculate that?”
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60 min
May 28, 2018
Buying Subject To
FAR 040 Topics: Real Estate News Investor Uh-Ohs Contractor Fails Investing SCAMS Emails: Dennis from Wauwatosa, WI, “There seems to be a bunch of different types of deeds out there. Can you explain what they are and the differences?”   General and Special Warranty (Limited) Bargain and Sale Deed (Sheriff’s sale) Quitclaim Deed Foreclosure Deed / Deed Under Power Deed of Trust Deed in Lieu Security Deed - Deed to Secure Debt. Frannie from Long Beach, “I have a lot of equity in my house. Is there a way I can tap into that to do a real estate deal?” Don from San Diego and many others. “Please explain about Subject-To Financing. What is it, how would I do it, why would I want to?” Patricia from Monroeville, PA, “Please explain the mortgage wrap and how it might be a way to buy a property.”
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60 min
May 28, 2018
Ed Bogle, Small Business Advisor
FAR 041 Today we have a guest in the studio who is a start-up funding specialist. Ed Bogle has worked in the banking and financial sectors his entire career and for the past several years has been a consultant for small businesses seeking strategic planning and capital formation. Emails: Patricia from Monroeville, PA, “Please explain the mortgage wrap and how it might be a way to buy a property.” Cynthia from Ft. Wayne, IN, “I heard someone talking about gap funding. Are you familiar with this? Sounds like a scam to me.” Interview Guests: Ed Bogle
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60 min
May 18, 2018
Choices
FAR 153 Expected Air Date: 05/17/18 Opening What has life handed you? Is it really that easy to make lemonade when life is a bowl of sour cherries? Today I’m going to share with you an essay I’ve written on the subject of Choices. Our lives and even our eternal fates are completely dictated by choices. I would say more but I’ll save it for when we get to the topic. Thanks for joining us today. On this show we try to give you the most complete and up-to-date information about real estate, real estate marketing, and real estate investing. We bring you the news, the trends, the styles, the markets, and the demographics to help you have an edge. We don’t encourage to drop what you are 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 investment portfolio. On this show we have documented at least 85 ways to make money in real estate, but they all boil down to 3 broad categories. 1. Active purchase and re-sell, 2. Buy and hold for cash flow.  And 3. Passive strategies including lending, partnerships and REITs. We can help you tailor an investment strategy around your personal goals, needs, and life situation. And we do this for free. All you need to do is go to the website, flippingamericanetwork.com and click on the big blue button that says “Click here for a strategy session”. How to Reach us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: Lunch with me every Wednesday. Yesterday was the last day at Baraonda for awhile. We have opened up offices in Sandy Springs and moved our studio. So we will be doing our lunch networking at a place closer to the new offices and studio. Stay tuned for the exact location. Flipping America App is in the app store. You can listen to the show, read the show notes, and soon the entire catalog of shows will be 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! http://www.cbc.ca/news/canada/british-columbia/greater-vancouver-s-luxury-real-estate-market-is-softening-report-shows-1.4656221 https://www.forbes.com/forbes/welcome/?toURL=https://www.forbes.com/sites/forbesrealestatecouncil/2018/05/10/how-do-you-find-money-for-real-estate-investing/&refURL=https://news.google.com/&referrer=https://news.google.com/ http://www.heraldtribune.com/news/20180509/florida-real-estate-market-healthy-but-challenged https://www.cnbc.com/video/2018/05/10/tax-reform-effects-beginning-to-positively-affect-real-estate-investors-says-ceo.html https://www.forbes.com/sites/elyrazin/2018/05/09/good-jobs-numbers-signal-extended-economic-recovery-and-these-real-estate-segments-could-benefit/#52b6a9a86ee8 https://www.forbes.com/sites/forbesrealestatecouncil/2018/05/09/is-your-401k-jeopardizing-your-future-invest-in-real-estate-to-quadruple-your-returns/#5b561f8974cd https://www.forbes.com/sites/forbesrealestatecouncil/2018/05/14/identify-your-niche-to-usher-in-real-estate-investing-success/#1e08e1ce3b89 https://www.forbes.com/sites/forbesrealestatecouncil/2018/05/15/seven-steps-to-protect-yourself-from-private-real-estate-investing-mistakes/#625c50ea14cd https://www.forbes.com/sites/panosmourdoukoutas/2018/05/14/bitcoin-gold-stocks-bonds-or-real-estate-which-is-the-best-investment-to-build-wealth/#2b6dbf9f51ae Topic: Choices In life there are laws and then there are implicit rules. For example, gravity is a law - and it will happen whether you believe it or not. Retaliation is an implicit rule. We naturally think that it is the only option we have. On the basketball court one player pushes another. The other pushes back harder. The first player throws a punch. Other players jump in, punches thrown, benches clear and the brawl is on. But retaliation is NOT a law. Not one of the participants HAD to jump in. Those that did, made a conscious decision to do so. Wait, what? We often respond so quickly it just seems automatic. You lash out at me, I lash back. You cut me off in traffic, I’m obliged to show you the results of your last IQ test. We respond without thinking, so how are we supposed to control that? I submit that you react that way because you’ve already done your thinking. And somewhere along the way you’ve concluded that retaliation is your only choice. Not only are you wrong, you are living your life under the control of anyone who might press your pre-determined trigger. Has anyone ever deeply wronged you? They made you angry right? You were angry and there was nothing you could do - the decision was completely out of your hands. So you had no choice but to be angry for like - a day or two - or a week - or five minutes. How long were you angry? Well that depended on the severity of the injustice right? Or whether something else distracted you? Or something nice happened that changed your mood? So what will it be? Angry for 5 minutes, a week, or the rest of your life? The extent of your anger is the full extent of that person’s power over you. Okay okay, what about something like sadness? Have you ever lost someone you love to death due to unexpected circumstances? There can be a sadness that grips your life and profoundly impacts the way you live the rest of your days. Unavoidable right? No one plans on bad things happening in their lives, but we somehow instinctively accept that when these things happen, our lives are controlled by them. This may come as a surprise to you but this is not true. You are not a victim of your circumstances or even other people’s choices. You always have a choice about how to respond to whatever life hands you. Now I’m not saying it’s easy, especially if you are not used to living this way, but you DO have a choice and what you choose matters. What you choose to think, to act, or to react, is the sole determiner of the outcomes of your life. Life is 100% choices. In today’s world, your mother even had a choice about whether to bring you into this world. Here’s a challenging thought for you. From about age 15 onward, your life is increasingly the direct result of the choices you have made and are making. Someone right now is saying, “but Roger you don’t understand my circumstances.” That’s probably true but it doesn’t matter. Your current circumstances exist largely because of your choices and your way out, around, over of through those circumstances will come from the choices you make going forward. Yes you have circumstances, I have circumstances. We ALL have circumstances. But whether you remain “under the circumstances” is a personal decision. You can choose not to be under them. You can choose something else. If your life is filled with drama, it’s because you choose and even embrace drama. If your life is a struggle, it’s because you choose and embrace struggle. If your life is peace, it’s because you have chosen peace. If life for you is filled with complexity, it is due to the fact that you have added complexity to the simple process of breathing. Can it really be that simple? Nah - unless you think it can be. If you think it has to be tough, it will be. If you think you need to be sad, you will be. If you think you are content with wherever you are and whatever you have, you will be. This is true whether your choices are positive or negative. This fundamental reality doesn’t rise to the level of self-fulfilling prophecy. Deciding you will respond to injustice with rational thought rather than out-of-control anger is a choice that is manifested immediately by rational thought. If you choose to focus on the things that anger you, you will be angry. If you choose to focus on the things for which you are grateful, you will be grateful. Should you somehow try to condition your brain to ignore everything negative in your life? Quite the opposite. You can’t do that and you really shouldn’t. Some of the negative things coming your way are warnings. Don’t ignore the negatives, don’t ignore injustice, don’t ignore your feelings. Embrace these inputs into your life with a determination to respond to them with intentionality. Occasionally anger is the proper response. But this is best delivered through the filter of reason and self-control. Sadness and loss are givens in this life. Embrace this as a part of life. Feel the feelings deeply within you. Recognize the inevitability of loss and focus on the sadness as a teacher, allowing catharsis, and showing the contrasting value of the moments of joy. Choices have consequences. Small or large, every decision has consequences. They aren’t always easy to predict, but most are much easier than we think. Choose to live beyond your means and you’ll always be broke and financially stressed. Choose to spend your time with others who wreck their own lives with bad decisions and you will find yourself entangled in the wreckage. Spend time with people you admire and you’ll be more like them. Seek out people who are smarter, or who have the type of life you seek and you’ll find yourself on that path. It’s up to you. Don’t tell me “but I love him/her.” This too is a choice. Love is not some cosmic force that overpowers you. You tend to love based on previous choices you’ve made about your ideal companion. I do believe in love at first sight, but even that love is determined by standards, conditions, and desires that both parties had established beforehand. I tell my wife frequently that I’ve been in love with her since my teen years although I didn’t meet here until after I was 50 years old. I can say this because I had an image of my ideal life partner. It took awhile to find her. Your current circumstances are the direct result of the choices you have made up to today. Your future will be the direct result of the choices you are about to make. So choose wisely. Motivational Thoughts for the day If your ship doesn’t come in, swim out to meet it. Jonathan Winters 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 from Kennesaw, GA, from lunch yesterday, “We are looking to get started, should we focus on wholesaling or fixing and flipping?” Hector, Topeka, KS “Please tell us when you’ll be holding your next FlipStarter. Are you coming to middle America anytime soon?” Emma from Austin, TX “I’m about to buy my first rental. I’m following the exact process suggested by a local guru here in Austin. I’m buying the property for $149,000. I’m prepared to make a $30,000 down payment. The loan amount would be $120,000. My principle and interest payment is $638. The rent on the house is $1000/month. This seems like it works to me but (mega-bank) won’t approve the loan. I have a 750 credit score, and good income. But they cited two reasons: Debt to income ratio: insufficient income. Debt service coverage ratio is insufficient. What the heck is debt service coverage ratio? I looked it up but don’t understand what I’m reading and why didn’t the guru talk about this? When I asked the banker she told me she just processed the loan and didn’t make the decision, but it has something to do with a 30% expense factor. None of this makes sense to me. DSCR = NOI / debt costs. 8400 / 7656 = 1.09 Francine, Long Beach CA, “If you were buying rental properties anywhere in the US, it probably wouldn’t be CA. Where would it be?”
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60 min
May 18, 2018
Malhar Bhagat, LIVE!
FAR 152 Expected Air Date: 05/14/18 Opening Guest EMCEE Mike Smith “Live from Atlanta, Georgia, it’s Flipping America!” Hey everybody, how’s it going? We are happy to be back with a live group for Flipping Atlanta, the local meetup chapter for Flipping America. We have a great show lined up for you today. As you know we try to bring you the most up-to-date news and information, demographics and trends, methods and investment ideas to help you make the best possible decision in your real estate investments. 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 investment portfolio. Part of what we do here at Flipping America is feature top investors from around the country, talk about what they are doing, learn from their approaches, their lessons, be entertained by their stories, and benefit from their experience. Tonight we have one of my good friends Malhar Bhagat. Malhar has been running a successful real estate company for over 10 years and has completed over 200 deals in that time. Living in NY, investing locally and out of state, Malhar has integrated various systems learned over the years to develop properties in multiple US markets. Success in real estate has allowed him to accomplish many life goals, both professionally and personally. He has learned that as in life, real estate presents daily challenges; how one moves through them is what the game’s all about: mindset. Following his business and passion, Malhar and his wife/partner moved to Atlanta to continue to rapidly expand their operation, M2REST. Currently, Malhar and his team simultaneously run multiple renovations and new construction projects. He’s going to join us right after the first break. How to Reach us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: My upcoming speaking engagements: Savannah REIA, May 14, 7-9, savannahreia.com. Lunch with me every Wednesday at Baraonda. Monday - the Flipping America App debuts in the Apple Store. Already in the Android Store. News! http://www.cbc.ca/news/canada/british-columbia/greater-vancouver-s-luxury-real-estate-market-is-softening-report-shows-1.4656221 http://www.cbc.ca/news/canada/british-columbia/greater-vancouver-s-luxury-real-estate-market-is-softening-report-shows-1.4656221 https://www.forbes.com/forbes/welcome/?toURL=https://www.forbes.com/sites/forbesrealestatecouncil/2018/05/10/how-do-you-find-money-for-real-estate-investing/&refURL=https://news.google.com/&referrer=https://news.google.com/ http://www.heraldtribune.com/news/20180509/florida-real-estate-market-healthy-but-challenged http://www.heraldtribune.com/news/20180509/florida-real-estate-market-healthy-but-challenged https://www.cnbc.com/video/2018/05/10/tax-reform-effects-beginning-to-positively-affect-real-estate-investors-says-ceo.html https://www.forbes.com/sites/elyrazin/2018/05/09/good-jobs-numbers-signal-extended-economic-recovery-and-these-real-estate-segments-could-benefit/#52b6a9a86ee8 https://www.forbes.com/sites/forbesrealestatecouncil/2018/05/09/is-your-401k-jeopardizing-your-future-invest-in-real-estate-to-quadruple-your-returns/#5b561f8974cd https://www.kiplinger.com/article/investing/T044-C000-S002-5-ways-to-earn-4-to-9-from-real-estate-investment.html Guest: Malhar Bhagat Motivational Thoughts for the day If your ship doesn’t come in, swim out to meet it. Jonathan Winters 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! Francine, Waukesha, WI, “How can you tell the condition of a roof while standing on the ground? Can you give me any other guidance about pricing out a roof?” Patty, Buffalo, NY, “Thanks for the show. We don’t get you on the radio here, but love the podcast on iHeart. Question: Would you start with fixing and flipping or rentals? Oh, and how do you know where the people are from when they send in emails?” Marcus, Colorado Springs, CO “I have questions about the AirBnB strategy. I didn’t really know there was a strategy. Can you talk about this?” Allen, Lancaster, PA, “I’m brand new, just found your youtube channel and website and then saw you are on the air here in Lancaster. So cool! I’m really new, but fired up. What should I do to get started?” Corey, San Bernadino, CA “I’m having a hard time getting started. The properties I want to buy are all 400-500k and although the numbers look fine, the costs of the hard money loans are enormous. One lender told me I would need to bring 78 thousand to closing. How do I overcome this? I have about $50k available for this. Alex, Jacksonville, FL. “I hear all the talk about no money down deals. Is that a real thing or just a come on for some program or course. Can I really buy a house with no money down and none of my own money?”
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60 min
May 18, 2018
Your Home is a Stage, with Krisztina Bell
FAR 150 Expected Air Date: 05/07/18 Opening Good morning everyone.  If you’ve ever watched one of the house flipping shows on TV you notice that when they finish the rehab work they will move in some furniture and decor items in order to stage the home. This practice is a relatively recent development in the industry and if your only source of information about this is TV, you might assume it’s an industry standard. I have the privilege of being connected with hundreds of actual home investors and for them it’s a different story. I have not conducted a study of my own network yet, but I can tell you without hesitation that most of the investors I know do not stage their homes this way. There’s no question that with some well-placed furniture and decor, the house you want to sell will look much more like a home someone wants to live in. But is it truly worth what it costs? We are going to look into that today and in a few moments I’m bringing in one of the industry leaders in home staging to discuss the topic with us. How to Reach us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: My upcoming speaking engagements: Savannah REIA, May 14, 7-9, savannahreia.com. Lunch with me every Wednesday at Baraonda. Monday - the Flipping America App debuts in the Apple Store. Already in the Android Store. News! https://www.nar.realtor/sites/default/files/migration_files/reports/2017/2017-profile-of-home-staging-07-06-2017.pdf http://www.professionalstaging.com/blog/10-amazing-home-staging-statistics-that-may-surprise-you.php https://www.homestagingresources.com/2017-home-staging-statistics/ https://www.pinterest.com/audraslinkey/home-staging-statistics/ http://www.realestatestagingassociation.com/content.aspx?page_id=22&module_id=23155 Guest: Krisztina Bell Motivational Thoughts for the day Only YOU can change your life. No one else can do it for you. Carol Burnett
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60 min
May 18, 2018
The Market Report, John Durham
FAR 150 Expected Air Date: 05/07/18 Opening Good morning everyone.  As you know I’m a firm believer in the necessity of real estate agents. They provide great value not only in getting our properties sold, but also correct pricing and quite often they are able to provide direction with regard to style and remodeling decisions. A good realtor knows not only the market conditions in the territory you’ve chosen but also knows the subtle differences from street to street that only someone with extensive local knowledge can give you. Can you do this business without a Realtor? Probably, but why would you want to? There are inherent risks in this business and your realtor play a huge role in mitigating that risk. A good realtor will make sure you know your ARV before you buy, will help you set the right price when you are ready to sell, and will take care of the marketing strategy that will get your house sold. I was fortunate early in my career to meet a realtor who has the right stuff. John Durham showed me a strategy for pricing and selling a house. He introduced me to the technologies that were state of the art at the time and over the past 12 years or so of our friendship has stayed on top of all the newest truly useful developments. I’ve gotten John involved in fixing and flipping and he’s probably done a couple hundred or more houses of his own. John is now an operating partner with Keller Williams and he and his team sell several hundred houses every year here in the metro Atlanta market. John will be joining us after the break and we are going to talk about the market, where it’s been, where it’s going, and what investors should be working on right now. How to Reach us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: My upcoming speaking engagements: Savannah REIA, May 14, 7-9, savannahreia.com. Lunch with me every Wednesday at Baraonda. Monday - the Flipping America App debuts in the Apple Store. Already in the Android Store. News! https://www.cnbc.com/video/2018/04/25/sales-are-going-to-be-down-this-year-but-it-wont-be-because-of-mortgage-rates-says-redfin-ceo.html https://www.barrons.com/articles/2018s-hottest-housing-markets-1520016414 https://www.barrons.com/articles/2018s-hottest-housing-markets-1520016414 https://www.inman.com/2018/04/30/wheres-the-best-place-to-be-a-real-estate-agent/ https://www.forbes.com/sites/forbesrealestatecouncil/2018/05/02/juggling-real-estate-investments-and-a-full-time-job/#493575fd18f3 https://thenextweb.com/cryptocurrency/2018/05/02/this-blockchain-powered-platform-wants-to-bring-transparency-to-the-real-estate-market/ Guest: John Durham Motivational Thoughts for the day Only YOU can change your life. No one else can do it for you. Carol Burnett
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60 min
May 18, 2018
Tax Liens with Chantelle Owens
FAR 149 Expected Air Date: 05/05/18 Opening Last time we talked about the mortgage foreclosure process in Georgia. We are following up today with a conversation about the Tax Lien process here in Georgia. Our guest is Chantelle Owens, lead instructor at the Georgia Tax Lien Bootcamp. Chantelle has been investing in real estate since 1999 and has been a full-time real estate investor since 2001. She began her real estate investing career as a credit investor which eventually escalated into No Money Down Deals, Wholesale Deals, Fix & Flip and Buy & Holds as a landlord. In 2008, after going through a second real estate market crash, Chantelle found her passion with Tax Lien Investing and has made this her primary niche. After 10 years of investing in  GA Tax Liens, Chantelle is an expert Tax Lien Acquisitions and the go-to person for this type of information in GA. She currently invests in Tax Liens full-time and is also a Real Estate Mentor & Coach and teaches workshops through various Real Estate Investing Associations (REIAs) and the GA Tax Lien Bootcamp. Our next Three Day training camp is coming up May 9-11 and it’s not too late for you to join us. However, since our program is invitation-only, you have to jump through a couple of hoops in order to receive that invitation. Hey it’s not like getting into law school or anything but we just need to talk. You can schedule a call with me by going to your web browser and typing this in exactly: bit.ly/TalktoRoger When you do that you’ll have access to my scheduler and you can pick a time. Then you will be given instructions for accessing a conference call you’ll need to dial into at the appointed time. It doesn’t matter to me where you are. I look forward to helping you in any way that I can. How to Reach us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: My upcoming speaking engagements: Savannah REIA, May 14, 7-9, savannahreia.com. I’m off the road for a couple of weeks while we plan for our next Mentoring Training here in Atlanta May 9-11. Lunch with me every Wednesday at Baraonda. Monday - the Flipping America App debuts in the Apple Store. Already in the Android Store. News! https://www.realtor.com/news/celebrity-real-estate/christie-brinkley-relists-hamptons-homes/?link=TD_realtor_articles.82338&utm_source=realtor_articles.82338&utm_campaign=circular&utm_medium=MOVE https://www.realtor.com/news/trends/top-housing-markets-of-2018/ https://www.cnbc.com/video/2018/04/25/sales-are-going-to-be-down-this-year-but-it-wont-be-because-of-mortgage-rates-says-redfin-ceo.html https://www.barrons.com/articles/2018s-hottest-housing-markets-1520016414 https://www.barrons.com/articles/2018s-hottest-housing-markets-1520016414 https://www.inman.com/2018/04/30/wheres-the-best-place-to-be-a-real-estate-agent/ https://www.forbes.com/sites/forbesrealestatecouncil/2018/05/02/juggling-real-estate-investments-and-a-full-time-job/#493575fd18f3 https://thenextweb.com/cryptocurrency/2018/05/02/this-blockchain-powered-platform-wants-to-bring-transparency-to-the-real-estate-market/     Guest: Chantelle Owens Motivational Thoughts for the day It does not matter how slowly you go as long as you do not stop. Confucius
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60 min
May 18, 2018
News and Questions
FAR 148 Expected Air Date: 05/03/18 Opening This week was the foreclosure auction here in Georgia which means we were busy analyzing properties right up to the last minute before 10 am Tuesday when the auctions began at every courthouse across the state. We get quite a few questions about how to buy foreclosed properties so that will be one of our topics later on. We appreciate all the questions you are sending - some of them are very good questions. If you have questions about anything real estate related, send them to questions@flippingamericanetwork.com. We answer every question that comes in. And some of them get answered on the air, as you will hear in a few minutes. Our next Three Day training camp is coming up May 9-11 and it’s not too late for you to join us. However, since our program is invitation-only, you have to jump through a couple of hoops in order to receive that invitation. Hey it’s not like getting into law school or anything but we just need to talk. You can schedule a call with me by going to your web browser and typing this in exactly: bit.ly/TalktoRoger When you do that you’ll have access to my scheduler and you can pick a time. Then you will be given instructions for accessing a conference call you’ll need to dial into at the appointed time. It doesn’t matter to me where you are. I look forward to helping you in any way that I can. How to Reach us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: My upcoming speaking engagements: Savannah REIA, May 14, 7-9, savannahreia.com. I’m off the road for a couple of weeks while we plan for our next Mentoring Training here in Atlanta May 9-11. Lunch with me every Wednesday at Baraonda. Monday - the Flipping America App debuts in the Apple Store. Already in the Android Store. News! https://www.realtor.com/news/celebrity-real-estate/christie-brinkley-relists-hamptons-homes/?link=TD_realtor_articles.82338&utm_source=realtor_articles.82338&utm_campaign=circular&utm_medium=MOVE https://www.realtor.com/news/trends/top-housing-markets-of-2018/ https://www.cnbc.com/video/2018/04/25/sales-are-going-to-be-down-this-year-but-it-wont-be-because-of-mortgage-rates-says-redfin-ceo.html https://www.barrons.com/articles/2018s-hottest-housing-markets-1520016414 https://www.barrons.com/articles/2018s-hottest-housing-markets-1520016414 https://www.inman.com/2018/04/30/wheres-the-best-place-to-be-a-real-estate-agent/ https://www.forbes.com/sites/forbesrealestatecouncil/2018/05/02/juggling-real-estate-investments-and-a-full-time-job/#493575fd18f3 https://thenextweb.com/cryptocurrency/2018/05/02/this-blockchain-powered-platform-wants-to-bring-transparency-to-the-real-estate-market/ Motivational Thoughts for the day It does not matter how slowly you go as long as you do not stop. Confucius 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! Warren, Augusta, GA “Can you talk a bit about the foreclosure process and how a person can buy houses at the public auction?” Anna, Columbus, GA “Help! I bought a house at the foreclosure auction. The people are apparently still living there. What do I do?” Matthew, Blue Ridge, GA “I don’t see how you could buy a house that you’ve never been inside. How do you come up with a repair budget. You don’t know what you’re getting in there - I don’t see how anyone ever takes this risk. Since you have in the past, can you shed some insight?” Carolyn, Atlanta, “I have a hard time with the foreclosure process. It seems like you are  profiting from someone else’s pain. You seem like a nice man, but this is a cold-hearted way to make money. How do you live with yourself?”
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60 min
May 18, 2018
The Smart Home
Make sure you also watch the video of this interview. Don actually shows the products he talks about! FAR 147 Expected Air Date: 04/30/18 Opening Hello everyone and welcome to another week of Flipping America. This is the show that teaches you how to make money in Real Estate. We bring you news, information, trends, markets, styles, We also like to talk to people who are getting it done in this business and in a few minutes I’m bringing back Don DeRosa. Don is a local Atlanta investor and mentor. He has a workshop on just about any topic you need when it comes to fixing and flipping houses. Today I’ve asked him to join us and talk about the Smart Home. He’s going to share with us how he turned his own home into a smart home and what he does in all his renovations to add another WOW factor. And you’re not going to believe how much you can do for very little money. It blew my mind and I think if you are not already doing this it will blow your mind as well. Our next Three Day training camp is coming up May 9-11 and it’s not too late for you to join us. However, since our program is invitation-only, you have to jump through a couple of hoops in order to receive that invitation. Hey it’s not like getting into law school or anything but we just need to talk. You can schedule a call with me by going to your web browser and typing this in exactly: bit.ly/TalktoRoger When you do that you’ll have access to my scheduler and you can pick a time. Then you will be given instructions for accessing a conference call you’ll need to dial into at the appointed time. It doesn’t matter to me where you are. I look forward to helping you in any way that I can. How to Reach us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: My upcoming speaking engagements: Savannah REIA, May 14, 7-9, savannahreia.com. I’m off the road for a couple of weeks while we plan for our next Mentoring Training here in Atlanta May 9-11. Lunch with me every Wednesday at Baraonda. Monday - the Flipping America App debuts in the Apple Store. Already in the Android Store. Guest: Don Derosa, The Smart Home You can watch the video of this program on your YouTube channel. You’ll be able to follow Don’s slide show and see him demonstrate the actual devices he referred to in the show. Topic - Motivational Thoughts for the day It does not matter how slowly you go as long as you do not stop. Confucius
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60 min
May 18, 2018
Your "Why" Understanding Your Own Motivation
FAR 146 Expected Air Date: 04/26/18 Opening Hello everyone. It’s a beautiful spring Thursday here at our studios on Peachtree St in Atlanta, GA. We’re going to talk real estate investing for the next 60 minutes, but we are going to approach it from a slightly different angle. Over the last few shows we’ve been talking about a Place to Begin, Hitting Your Stride, and The Next Steps. Today we will continue with some thoughts about Purpose. What drives you today? And I’m not talking about that driverless car you may be in. And I’m not asking you what drives you nuts! I’m asking you to think a bit about your motivation in life. We will dig into that in a few minutes. I also have a stack of questions to answer, including a ton of questions about our Mentoring Program. Our next Three Day training camp is coming up May 9-11 and it’s not too late for you to join us. However, since our program is invitation-only, you have to jump through a couple of hoops in order to receive that invitation. Hey it’s not like getting into law school or anything but we just need to talk. You can schedule a call with me by going to your web browser and typing this in exactly: bit.ly/TalktoRoger When you do that you’ll have access to my scheduler and you can pick a time. Then you will be given instructions for accessing a conference call you’ll need to dial into at the appointed time. It doesn’t matter to me where you are. I look forward to helping you in any way that I can. VIP lunches at FlipStarter - Lunch with me every Wednesday at Baraonda. How to Reach us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: My upcoming speaking engagements: I’m off the road for a couple of weeks while we plan for our next Mentoring Training here in Atlanta May 9-11. Monday - the Flipping America App debuts in the Apple Store. Already in the Android Store. News! https://www.bloomberg.com/news/articles/2018-04-25/ford-ceo-plans-11-5-billion-more-cuts-pulls-ahead-margin-goal https://www.bustle.com/p/dark-chocolate-reduces-stress-in-humans-according-to-a-new-study-8895145 https://www.newsday.com/business/long-island-home-prices-1.18259160 http://www.jhnewsandguide.com/jackson_hole_daily/local/real-estate-market-shows-signs-of-improvement/article_5e2c0ad0-c249-580f-8e0f-afccd58c270e.html http://flatheadbeacon.com/2018/04/25/real-estate-market-trends/ https://www.usatoday.com/story/money/columnist/2018/04/24/real-estate-best-investment-bear-market/530470002/ http://boisestatepublicradio.org/post/state-idaho-real-estate#stream/0 Topic - Understanding Your Why Why are you doing all this? Ask the question. Keep Asking until you get to an emotional level. Drill down to the core of your motivation. Why? Because this brings Focus Determination Clarity A sense of purpose will guide your business plan, your short term goals, and even your daily schedule. If you are constantly aware of your underlying motivations and life goals, they will inform many of your difficult decisions with guidance. Motivational Thoughts for the day “Never Give Up, Never Surrender”. -Jason Nesbitt, Captain, Galaxy Quest. 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! Carl, Oconomowoc, WI, “Do you still use other people’s money in your own flips? If so, why? Wouldn’t it be better to just use your own cash at this point?” Cindy, Westchester, PA, “I heard you talking about the advantage of leverage in real estate deals. How do you reconcile this with Dave Ramsay’s teaching that we should never borrow money - ever - especially for real estate investments?” Chastity, Birmingham, AL  “How do you calculate the cost of a hard money loan?” Scott, Lancaster, PA “Have you ever been in a multiple bid situation when buying? Is this a time to break the 70% rule?” Joe, Fredericksburg, VA “My wife and I are a bit at odds with a rehab we are doing and wonder if you could help. We agree with the idea of a ‘wow’ factor in the house, but she has ideas for the kitchen, the master bathroom, and the deck in the back yard. My argument is this is basically a first-time home buyers house and we should focus on just one of these. We want to make it great but we also want to make as much money as we can. We both would appreciate your thoughts.
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60 min
May 18, 2018
The Next Steps
FAR 145 Expected Air Date: 04/23/18 Opening Hello everyone. What a great day we had Saturday at FlipStarter Atlanta! It was my honor to share some of my best secrets for Fixing and Flipping Houses to the group there and welcome new members into the Flipping America Mentoring Program. If you couldn’t make it we missed you and I want you to know that later today I’m going to put up a link on our home page that will give you the opportunity to buy the FlipStarter workshop on video. So head over to FlippingAmericaNetwork.com and check it out. Speaking of the Mentoring Program, our next Three Day training camp is coming up May 9-11 and it’s not too late for you to join us. However, since our program is invitation-only, you have to jump through a couple of hoops in order to receive that invitation. Hey it’s not like getting into law school or anything but we just need to talk. You can schedule a call with me by going to your web browser and typing this in exactly: bit.ly/TalktoRoger When you do that you’ll have access to my scheduler and you can pick a time. Then you will be given instructions for accessing a conference call you’ll need to dial into at the appointed time. It doesn’t matter to me where you are. I look forward to helping you in any way that I can. VIP lunches at FlipStarter - Lunch with me every Wednesday at Baraonda. How to Reach us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: My upcoming speaking engagements: Tonight I’m at Atlanta REIA West at 6:30, Cherokee Cattle Company in Marietta. . Details on the website and at FlipStarterEvent.com News! https://seekingalpha.com/article/4163689-real-estate-earnings-preview-5-trends-watching?page=6 http://middlemarketgrowth.org/its-the-small-things-real-estate-trends/ http://fortune.com/2018/04/21/climate-change-is-already-depressing-the-price-of-flood-prone-real-estate/ https://www.forbes.com/sites/forbesrealestatecouncil/2018/04/19/evaluate-this-factor-to-find-the-true-winners-among-todays-hottest-real-estate-markets/#64f5f2a36731 https://www.forbes.com/sites/ellenparis/2018/04/23/springs-2018-real-estate-market-is-a-good-news-bad-news-story/#6b738a1b2c35 Topic - The Next Level - Passive Income We started last show talking about Hitting Your Stride. Today I want to talk about what you do when you are operating Active Income business at peak efficiency and are throwing off excess cash. You will want to consult your tax professional and if you don’t have one, it’s time to get one. What we are talking about today is creating Passive Income and heading toward true financial freedom. You are not necessarily free when you are making really good -- or even great money in your business. Because when you stop operating that business - even to take a week or two vacation, your pipeline feels the effect and depending on your product cycle - in this business 4-6 months -- your income is going to take a hit. If you need this money to pay your bills and maintain your lifestyle, then you will feel the pinch and suffer. No you have financial freedom when your passive income pays the bills and your lifestyle can continue whether you are working or not. When you reach this point you may conclude that you no longer need disability insurance, although you may want to continue coverage for long-term illness or injury -- this would be a question for your insurance professional and made in consideration of your health and lifestyle. Motorcycle riding may indicate a higher need for various health care additives. So how will we get to financial freedom? Let’s consider a couple of approaches that I will have time only to outline, but these are topics we cover in much more depth in our Passive Income    Mastery course. Free and Clear Single Family rentals. Flip 3 or 4, buy one. Buy small, brick or low maint. Exterior. Consider area, stability, upside. Try to buy where there are good schools. Locate near you for better management. Educate yourself on how to manage or outsource. After you have 10, consider outsourcing management anyway. The only truly cash-flowing single family rentals are free and clear. Borrow money for SFR Know the loan constant. Cost of payments (1 year) / loan amount. Know your expense ratio and calculate NOI. The spread is your cash flow. Most people fail at this. Either paid too much or poorly structured debt - the property never actually cash flows. It could be OK if you have plenty of cash to cover AND you are speculating on greater than market appreciation. Buy small multi-family. Up to 5 doors Finance like SFR Cash flow better, typically. Higher turnover anyway, so upside matters a bit less. Usually single or newly married, no kids. Schools not much of an issue. Convenience to employer is more important. Solid employment opportunities Stable or growing population. Buy apartments Distressed props, force appreciation, re-fi. Use syndication to do A. Loan Money Flip loans Rate and Term Equity Partnerships Rental loans Long term Steady income Watch your loan to value - keep it below 70%. Borrower pays for appraisal when needed. Borrower provides proof of insurances, pays taxes, etc. and provides proof. An entire section of our Passive Income Mastery Course. Motivational Thoughts for the day “Never Give Up, Never Surrender”. -Jason Nesbitt, Captain, Galaxy Quest. 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! Carl, Oconomowoc, WI, “Do you still use other people’s money in your own flips? If so, why? Wouldn’t it be better to just use your own cash at this point?” Cindy, Westchester, PA, “I heard you talking about the advantage of leverage in real estate deals. How do you reconcile this with Dave Ramsay’s teaching that we should never borrow money - ever - especially for real estate investments?”
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60 min
May 18, 2018
Hitting Your Stride
FAR 144 Expected Air Date: 04/18/18 Opening Hello everyone. Last time we talked about getting started in Real Estate Investing. Today I’m going to continue the topic with a program titled “Hitting Your Stride.” The phrase “hitting your stride” is an expression that means you have reached an optimum pace that you can maintain easily and where you function optimally and competently. This is a big part of your goal in your career -- any career, but especially so in owning your own business. When you hit your stride in the real estate business you will have mastered a set of techniques and an asset class to the point that you can conduct your analysis mostly with your eyeballs and your brain. Yes, you will still continue to use the analytical tools that got you there, but they will be your backup, not your primary analytical approach. For example, if you are fixing and flipping houses, you will be able to estimate repairs by simply looking at pictures of the house or in some cases by merely driving by. You’ll know the value of the property because of your familiarity with that area and the market. You’ll know the streets and features of your territory better than the back of your hand, because really, who spends a lot of time looking at the back of their hand? When your fixing and flipping skills are well developed, you will be able to review and analyze deals so quickly, make offers so confidently and move so efficiently, you might get a little bored. And that’s a dangerous place. Why? I’ll cover that in just a few minutes. First some announcements, then some news, and then we will get to the topic. How to Reach us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: My upcoming speaking engagements: We had mentioned that we were going to talk about virtual staging. We are postponing that a bit to focus an entire show to the topic. April 21, FlipStarter Atlanta Details on the website and at FlipStarterEvent.com News! https://www.forbes.com/sites/pamdanziger/2018/04/17/real-estate-market-is-hot-except-at-the-high-end-disruption-coming-in-the-luxury-home-market/#6276ba1d3b5a https://www.npr.org/2018/04/16/602971657/how-phoenixs-real-estate-market-is-fairing-10-years-after-housing-crisis https://www.forbes.com/sites/jrose/2018/04/18/real-estate-investing-without-buying-property/#27c33edf1496 https://www.forbes.com/sites/bradthomas/2018/04/18/how-to-stay-in-your-circle-of-competence-when-investing-in-real-estate/#1903b54f624a https://www.tennessean.com/story/money/homes/2018/03/28/real-estate-trends-one-level-homes-popular-again/458212002/ Topic - Hitting Your Stride We started last show talking about the Getting Started Fixing and Flipping. I want to continue with that theme today but want you to understand that the principles I’m about to share would apply to just about any business or career. We are talking about hitting your stride. Young Exec - Old Exec Oscar Wilde, “Experience is just another name we give our mistakes.” I want you to make mistakes. I just want you to have a mentor so you can avoid the soul-crushing, business destroying mistakes. Without some mistakes, you aren’t really pushing yourself to your limit. And your limits grow a bit each time you push yourself. So venture onward and outward. How to Hit Your Stride. Begin. Don’t begin thinking or talking. Begin. Follow instructions. Don’t ask too many questions at first. Do what you’re told. Start small, start slow. Master the pieces. Repeat. Stay with very similar projects. Think about why and how it works. Now ask questions - they will be smarter questions at this point. Increase speed, accuracy, efficiency through repetition. Consider slightly dissimilar projects, expanding one skill at a time. Reject the belief that every idea is a good one. Reject the notion that mastery in one process and asset will automatically translate to another. Danger - Will Robinson! Rehabbers are not developers. Developers are not retail owners. Airlines do not make good resort property owners. The math may be similar once you get to the math, but it’s like sitting in front of a math problem in algebra 2 in high school and not knowing which formula to use in solving the problem. The people who have developed mastery in this area or asset will walk circles around you while you are trying to figure it out. Does this mean you can never branch out? No, but when and if you do, go back to the beginning: Get information Get a mentor Follow a proven path Repeat the above steps as if you are a rank beginner Do not risk anything in the new venture you can’t afford to lose. Rather than branch into other areas, continue mastery by attempting to help someone else. Take on a mentee. You learn best what you attempt to teach. If Fixing and Flipping, consider your passive income opportunities: Lending Rentals Develop passive income to the point that it pays for your lifestyle. You have then achieved true financial freedom. Motivational Thoughts for the day Life is 10% what happens to you and 90% how you respond to it. -Chuck Swindoll. Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message!
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60 min
May 18, 2018
A Place To Begin
FAR 143 Expected Air Date: 04/16/18 Opening Good morning everyone and welcome to another week of real estate investing news, trends, markets, movers and shakers. Today we are going to focus on one of the top questions we get here at Flipping America. In a few moments I’m going to break down the things you need to consider to figure out your best “fit” in real estate investing. How to Reach us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: My upcoming speaking engagements: April 21, FlipStarter Atlanta Details on the website and at FlipStarterEvent.com News! http://www.orlandosentinel.com/news/os-real-estate-developer-sentenced-20180411-story.html http://www.futurecar.com/article-2147-1.html https://seekingalpha.com/article/4163105-join-buying-8-percent-yielding-commercial-real-estate-company https://www.digitaltrends.com/home/zillow-to-buy-homes/ https://www.forbes.com/sites/forbesrealestatecouncil/2018/04/10/a-tale-of-two-real-estate-markets/2/#57acb805600d Topic - A Place To Begin We say nearly every show, “We don’t encourage everyone to drop what you are doing and start flipping houses like they do on TV, but we do encourage everyone to consider real estate as a part of a balanced investment portfolio.” But the TV shows continue to create waves of people interested in figuring out a way to quit their job and do this full-time. So people need a path into this. Since that’s what you need - I’ll be happy to provide. The first thing I need you to understand is this business is not all fun, games, and big checks. Some days there are nothing but problems. To be truly good at this is to be good at solving problems. You also need to commit yourself to the tedious tasks. Deals don’t just fall into your lap. You have to get out there and continually prospect for them. While you’re out there, deals will occasionally fall your way, but as Ben Franklin said, “Opportunity tends to dance with those who are already on the dance floor.” So let’s begin by taking inventory. This inventory consists of the following general categories: Thoughts about the future, Vision, Goals, Plans Current employment situation, Happy? Future? Career? Family situation and obligations, Married? SO? Kids? In the future? Available time. Number of hours you can consistently give this each week. Cash on hand. Dollars you could put into a deal that you could afford to lose. Skills. Construction, negotiation, analytical, research, legal, real estate Personality type, introvert, extrovert Connections, people with needed skills (see 6) Information. How much do you know? Learning style: How do you learn? Reading? Audio? Hands-on? Seven different styles. Know yours. Be intentional about getting training in a style that works for you. Training source Mentor Path Motivational Thoughts for the day Life is 10% what happens to you and 90% how you respond to it. -Chuck Swindoll. 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! James, Lexington, KY “Quick question: Stage? Or not?” Robert, Morgantown, WV “I’ve flipped a few houses here and it went ok. I heard you talk about remote flipping. Should I be looking into that?” Eduardo, Las Vegas, NV “I’ve just been told that my contract, which ends June 30th will not be renewed. I’m an independent IT contractor. I’ve been interested in real estate for some time now. If I jumped in now, could I conceivably be making money by the end of the summer? I’m single and have enough put aside to maintain my lifestyle for a few months but will need income by the end of the summer to maintain a comfort level.”
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60 min
May 18, 2018
Peter Pasternack
FAR 142 Expected Air Date: 04/14/18 Opening Hello everyone. Today we are excited to be joined in a few moments by Peter Pasternack, former star of A&E’s Flip This House. Still an active investor in Atlanta, Peter has taken time from his busy schedule to join us this evening at Flipping Atlanta, the local networking group sponsored by Flipping America (crowd yell). Growing up in Connecticut, Peter Pasternack came by his entrepreneurial spirit very early on. Peter’s parents owned and operated a Dunkin’ Donuts location as well as a fast food restaurant in the West Hartford area. From an early age Peter had a knack for numbers as he assisted his father with payroll for both businesses, even processing payroll checks himself starting at age 5 when his parents were away for vacations. Peter’s love of numbers lead him to the University of Georgia where he earned undergraduate and master’s degrees in accounting. Upon graduation he began his career at Price Waterhouse in Atlanta before transitioning to the banking industry where he gained over 20 years of experience. From this He financed over 500 businesses and saw firsthand why some ventures succeed and many fail. In 2005, Peter co-founded Foundations Design, LLC with his best friend and business partner, Brian Trow. The award winning company designs, builds, and renovates residential properties in the Greater Atlanta area. Peter is responsible for the operational and financial aspects of Foundations Design as well as the long term growth of the company. The initial success of Foundations Design and some fortunate timing led to a leading role on one of television’s most recognized real estate investment and home renovation shows, A&E’s Flip This House. On the show, Peter is routinely seen integrating his business savvy with trademark enthusiasm. He has been called upon to offer his knowledge and experience to prospective entrepreneurs and real estate investors through national and local media outlets such as Fox Business Channel, Georgia Society of CPA’s Magazine, and Business World Magazine in addition to various speaking and radio engagements. In 2010, as the real estate economy was struggling to recover, Peter and Brian saw an opportunity to assist others in their local market of Atlanta. Real Estate Connections, a monthly networking event, was created to facilitate a positive atmosphere where real estate professionals and real estate related industries could join forces to network, share ideas and strategies, and ultimately grow their businesses. Over its 7+ year history, Real Estate Connections has continued to grow and influence thousands within the local real estate community to the point that the average attendance is 350-400 people. This is just another example where they have seen market needs and worked to fill the void. On top of two businesses, in 2017 Peter and Brian finally decided the moment was right to harness all they had learned through the years and pass it on to the next generation of real estate investors. Along with Denny Faircloth, The Investor’s Blueprint was formed to educate and inspire seasoned and new investors alike while taking them through the ins and outs of the real estate investing world. It is the perfect format to showcase Peter’s knowledge and infectious attitude for real estate investing and business in general. Peter has worked diligently for his many achievements and believes in passing on the information that has made him so successful. He is excited about sharing his knowledge and skills in making money and believes strongly in the entrepreneurial spirit. How to Reach us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: My upcoming speaking engagements: April 21, FlipStarter Atlanta Details on the website and at FlipStarterEvent.com Special Guest Peter Pasternack. Motivational Thoughts for the day You’re not going to make tomorrow great by spending today dwelling on yesterday. 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, Memphis, TN “About 40 minutes west of here in a little town called Forrest City, Arkansas, they are opening up a new textile mill with a big investment from China. I own some rentals here in Memphis and have been thinking maybe I should be looking at some over there. My concern is the new factory is the main source of income for the town. If it closes, the town will struggle again. What are your thoughts?” Annetta, Milwaukee, WI “I’m about to pay cash for my first rental property, a small duplex here. A friend told me I should borrow the money even though I have the cash to pay for it. Something about the power of leverage. He didn’t explain this in a way I could understand. It makes me a little nervous to borrow money for something like this, but I’m open to your thoughts.” Bill, Redondo Beach, CA “It’s tough to find deals right now. What are your best sources for deal flow?” Lena, Harrisburg, PA “The market here is so hot, it seems like I could just stick a sign in the yard and get the house sold without paying commission. I’m wondering why use a Realtor?” James, Lexington, KY “Quick question: Stage? Or not?” Robert, Morgantown, WV “I’ve flipped a few houses here and it went ok. I heard you talk about remote flipping. Should I be looking into that?” Eduardo, Las Vegas, NV “I’ve just been told that my contract, which ends June 30th will not be renewed. I’m an independent IT contractor. I’ve been interested in real estate for some time now. If I jumped in now, could I conceivably be making money by the end of the summer? I’m single and have enough put aside to maintain my lifestyle for a few months but will need income by the end of the summer to maintain a comfort level.”
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60 min
May 18, 2018
Real Estate Attorney, Craig Halperin
FAR 141 Expected Air Date: 04/12/18 Opening Hello everyone. If you’re going to be in business, whether it’s the real estate business or any other business you are going to develop relationships with two types of professionals, legal and financial. You need the legal professionals because so much of our work has to do with transactions, contracts, and occasionally the unfortunate choices of others that harm us or take from us. You need the financial professionals - bookkeepers, accountants, and CPAs to help us keep good records, pay all the taxes we owe and provide accountability to our investors and partners. I freely admit quite often that I started into this business without a clue of what I was doing or what goes on behind the scenes in a real estate transaction. At first I was too embarrassed to admit this, so I faked it. Finally I sat down with an attorney and asked him for some help. Today I want to give you some of that help and encourage you to reach out to an attorney in your area. Now you know that Legal Shield is one of our sponsors and I’m not only a big fan, I’m a customer! Legal Shield handles many things for me, but not everything. There are a few things that come up where I need a lawyer and I want it to be someone with whom I have cultivated a personal relationship. Attorneys are required to be present for closings in the state of Georgia and I don’t use Legal Shield for that. It’s not a reflection on Legal Shield at all - they are great at what they do for me. In just a few moments I’m going to be speaking with Craig Halperin, founder and principal partner of the law firm of Halperin and Lyman, one of the premier law firms in Atlanta, Georgia. He’s going to unpack for us a lot of the behind the scenes work attorneys do to get your deals to the closing table. Plus we are going to get his take on the state of the current market. How to Reach us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: My upcoming speaking engagements: April 21, FlipStarter Atlanta Details on the website and at FlipStarterEvent.com Special Guest Craig Halperin Motivational Thoughts for the day You’re not going to make tomorrow great by spending today dwelling on what happened yesterday. 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! Vicky, Ellijay, Georgia “What’s your take on mountain properties? As you know we are a popular second home community for the Atlanta area.” Ulysses, San Francisco, CA “How does your view of the current market inform your investing activities and what are some of the data points in that analysis?”
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60 min
May 18, 2018
To Be or Not To Be...a Realtor
FAR 139 Expected Air Date: 04/05/18 Opening Hello everyone. We’ve had some truly great guests on the show in the past few weeks and I’ve learned a lot from them and have been inspired by them. But you my dear friends have many questions and many of you communicate with us about how much you enjoy the questions and answers. It’s been awhile since we reached into the metaphorical mail bag and the questions we want to address on the air have been piling up. So in a bit we are going to take a look. We are going to deal with the issue of whether or not you need to be a Realtor in order to be in this business. I’ll do some pros and cons on that subject. We also have received a few questions about getting more deals in your inbox so I’ll be sharing a strategy about that. How to Reach us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: My upcoming speaking engagements: TONIGHT, Chattanooga REIA April 14, FlipStarter Savannah April 21, FlipStarter Atlanta Details on the website and at FlipStarterEvent.com News: https://www.cnbc.com/video/2018/03/28/pending-home-sales-up-3-point-1-percent-in-february.html https://www.forbes.com/sites/forbesrealestatecouncil/2018/04/03/15-booming-real-estate-markets-that-are-trending-in-2018/#1ee0177c26f6 https://www.bisnow.com/national/news/office/5-workplace-trends-breathing-down-the-neck-of-commercial-real-estate-industry-86855 http://www.nreionline.com/real-estate-services/key-new-trends-tech-and-design https://www.usnews.com/news/best-states/slideshows/10-most-affordable-states https://www.cnbc.com/2018/03/29/us-subprime-mortgage-bonds-back-in-fashion.html Motivational Thoughts for the day Is your life and career right where you want it to be? If so, that’s great! If not, what are you going to do differently going forward to change the course of your life? If you do the same things you’ll get the same results. So what are you going to do? 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! Lynette, Milwaukee, WI, “Do I need to be a realtor in order to be an effective investor?Pros: Access to MLS, Set up your own searches, Best data for CMA’s, Save money on commissionsCons: Cannot pay referral fees to unlicensed individuals, disclosure requirements, continuing ed, much knowledge unrelated to investing. Selling your own flips is like fixing your own flips if you’re a contractor. What you save is offset by the time you spend doing things you could and should be paying someone else to do. Kimberly, Sandy Springs, GA “I’ve heard you mention that you have deals coming to your inbox every day. How do you do that?” Lilly, Villages of Ocala, FL, “My husband and I are so tired of our rentals, but we are not tired of the cash flow. We are both in our late 60’s. We’d like to sell them to end the headache but aren’t sure where we would put the monty. Any suggestions? Perhaps not sell - perhaps owner finance? Not an investment advisor, but as a suggstion, you could always looking into private lending. Chanterelle, Long Beach, CA, “I want to buy some rental properties in Atlanta. Can you connect me with resources there for buying and for property management?” Larry, Atlanta, GA  “I want everyone to know that the deal I brought you two weeks ago is now sold and closed. You said you would help me get it sold and you did. Thank you.” (The power of networking) Celia, Hammond, IN, “I listened to what you said and went out and made offers on three houses. Two of them got accepted! What do I do now? I don’t have the knowledge or ability to fix and flip them, but I think the numbers are right, according to what I’ve been hearing from you. Please tell me what’s next?” Charlie from Soddy-Daisy Tennessee. “Excited you’re coming to Chattanooga! I plan to be there and meet you. My wife and I used the information in your Three Formulas video to make an offer on a fix and flip. I’m a contractor so I knew what it would cost. She’s a realtor so she could tell the ARV. We used your formula and now we think we are going to make about 35,000. This seems easier than the impression we had and we are so happy we took action.”
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60 min
May 18, 2018
Project Management with Carla Gamper
FAR 138 Expected Air Date: 04/02/18 Opening Good morning everyone! It’s great to be with you for another week of real estate talk and information. On this show we try to give you the best and most complete information you need in order to make good decisions about real estate, real estate investments, and your role in it. Part of your decision making process on every project has to do with style, color, and design. In a few moments we have an expert in these issues, Carla Gamper, coming along to help us think about these issues and the larger issues of project and contractor management. Carla grew up with tools in her hand, working on a farm and later getting formal training in design. She has invested her career in the real estate space, doing design and contracting work and now focuses on consulting. She will be along in a few minutes to share with us. How to Reach us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: My upcoming speaking engagements: April 5, Chattanooga REIA April 7, FlipStarter, Chattanooga April 9, Savannah REIA April 14, FlipStarter Savannah April 21, FlipStarter Atlanta Details on the website and at FlipStarterEvent.com News: https://www.washingtoncitypaper.com/news/housing-complex/article/20998209/families-get-the-worst-shake-in-dc-real-estate-market https://www.washingtoncitypaper.com/news/housing-complex/article/20998209/families-get-the-worst-shake-in-dc-real-estate-market http://www.southbmore.com/2018/03/26/a-look-at-south-baltimore-real-estate-market-stats-3/ https://therealdeal.com/2018/03/27/the-long-view-google-jpmorgan-and-the-new-age-of-super-rich-corporate-real-estate-buyers/ https://therealdeal.com/la/2018/03/27/chinese-investment-in-us-real-estate-fell-55-in-2017/ http://www.nuwireinvestor.com/best-markets-texas-real-estate-investment-2018/ http://thetimes-tribune.com/news/business/hands-off-investing-in-real-estate-1.2317747 https://www.housingwire.com/articles/42834-flat-fee-real-estate-agency-purplebricks-secures-177-million-investment-to-fund-us-growth https://www.forbes.com/sites/forbesrealestatecouncil/2018/03/27/the-advantages-of-investing-in-real-estate-for-big-tax-savings-in-2018/#46841f544b95 https://techcrunch.com/2018/03/22/skyline-ai-raises-3m-from-sequoia-capital-to-help-real-estate-investors-make-better-decisions/ https://www.usnews.com/higher-education/online-education/articles/2018-03-19/7-ways-you-can-study-real-estate-online https://www.forbes.com/sites/erincarlyle/2013/09/18/how-self-made-forbes-400-billionaires-earned-their-money/#54d6124831ae http://financialuproar.com/2015/04/24/do-90-of-millionaires-come-from-real-estate/ Motivational Thoughts for the day “The way to get started is to quit talking and start doing.” Walt Disney
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60 min
May 17, 2018
Don Derosa, Real Estate Investing Tech
FAR 137 Expected Air Date: 03/31/18 Opening We are keeping the string of truly great shows going. In just a few moments we are going to be joined by Don DeRosa an Atlanta investor who has done hundreds of flips, now teaches and mentors others, and as you will hear, is on top of technology and how it can work for real estate investors like no one I’ve ever seen. The guy is a walking encyclopedia of apps, processes, and solutions all designed to help investors maximize their time, minimize the paperwork, and do a better job with their projects.   How to Reach us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: My upcoming speaking engagements: April 5, Chattanooga REIA April 7, FlipStarter, Chattanooga April 9, Savannah REIA April 14, FlipStarter Savannah April 21, FlipStarter Atlanta Details on the website and at FlipStarterEvent.com News: https://www.washingtoncitypaper.com/news/housing-complex/article/20998209/families-get-the-worst-shake-in-dc-real-estate-market https://www.washingtoncitypaper.com/news/housing-complex/article/20998209/families-get-the-worst-shake-in-dc-real-estate-market http://www.southbmore.com/2018/03/26/a-look-at-south-baltimore-real-estate-market-stats-3/ https://therealdeal.com/2018/03/27/the-long-view-google-jpmorgan-and-the-new-age-of-super-rich-corporate-real-estate-buyers/ https://therealdeal.com/la/2018/03/27/chinese-investment-in-us-real-estate-fell-55-in-2017/ http://www.nuwireinvestor.com/best-markets-texas-real-estate-investment-2018/ http://thetimes-tribune.com/news/business/hands-off-investing-in-real-estate-1.2317747 https://www.housingwire.com/articles/42834-flat-fee-real-estate-agency-purplebricks-secures-177-million-investment-to-fund-us-growth https://www.forbes.com/sites/forbesrealestatecouncil/2018/03/27/the-advantages-of-investing-in-real-estate-for-big-tax-savings-in-2018/#46841f544b95 https://techcrunch.com/2018/03/22/skyline-ai-raises-3m-from-sequoia-capital-to-help-real-estate-investors-make-better-decisions/ https://www.usnews.com/higher-education/online-education/articles/2018-03-19/7-ways-you-can-study-real-estate-online https://www.forbes.com/sites/erincarlyle/2013/09/18/how-self-made-forbes-400-billionaires-earned-their-money/#54d6124831ae http://financialuproar.com/2015/04/24/do-90-of-millionaires-come-from-real-estate/ Motivational Thoughts for the day “The way to get started is to quit talking and start doing.” Walt Disney
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60 min
May 7, 2018
News and Mail
FAR 043 Topics: The exciting conclusion of the interview with Stacy Rosetti Shout out to Ramon Tookes and Flipology 101 News: Economic times of India, article on real estate investing. Penthouse in San Fran - 7000 sf, list price, 42 million Dailybreeze.com: Where does the So Cal market go from here? Up 25% over the past 2 years. Expected to be up 8% over the next two years. No bubble in sight The Single most important rule for real estate investing -- according to Peter Churchouse of stansburychurchouse.com: LOCATION. His five guidelines. Emails: Allie from Atlanta: Help me understand what I should offer on a property. Where do repairs fit into the equation? David from Detroit: How do you decide between two properties if you can only do one? Lorraine from Long Beach: The price points in So Cal are so high? It makes me really nervous. How would you suggest I get started? Mentor Lower Price Consider remote flipping
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60 min
May 7, 2018
Live from Sip and Flip, with Ron Dimmock
FAR 044 Live from Sip and Flip Emails: Lorraine from Long Beach: The price points in So Cal are so high? It makes me really nervous. How would you suggest I get started? Mentor Lower Price Consider remote flipping Interview Guests: Jenni Marie, Realtor “The difference between a Realtor’s opinion of value and an investor.” Jonell: “Solar Tyme”
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75 min
May 7, 2018
Various Questions
FAR 045 Hey if you are looking to get your deal funded I’ve got great news. Whitestone Capital Solutions is offering loans as low as 4 points and 8%. Friends, if you are in the real estate investment business it’s hard to find money any cheaper than this. I know because I’ve looked around. All you have to do is go to www.whitestonecapitalsolutions.com, click “apply now” and fill out the quick and easy form. One of our team members will be in touch with you quickly and get you headed toward closing on that deal. We are loaning in all 50 states. Apply today. News: A $1B Technology center? (how about spending less and re-tasking Malls?) The Connection between LED lighting and property values. Data Proves REITS are better than buying real estate (Forbes) Motivational Thoughts for the day Value Investing: Make Profit Make a Difference Improve a neighborhood, reduce blight, increase values Charitable giving Affordable housing Leave a Legacy Emails: Lorraine from Long Beach: The price points in So Cal are so high? It makes me really nervous. How would you suggest I get started? Mentor Lower Price Consider remote flipping What’s that Smell? Craig from Denver, CO: I bought a house that had belonged to a heavy smoker. I’ve repainted it but there is still a faint smoke smell in the house. What do I do? Evie from Pittsburgh: My flip house had cats -- and a TERRIBLE smell. I pulled out the carpets but there are urine stains on the subfloor. The smell is still there. What are your suggestions?
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60 min
May 7, 2018
What They Don't Tell You In The Bootcamps, Roger Herring
FAR 046 Hey if you are looking to get your deal funded I’ve got great news. Whitestone Capital Solutions is offering loans as low as 4 points and 8%. Friends, if you are in the real estate investment business it’s hard to find money any cheaper than this. I know because I’ve looked around. All you have to do is go to www.whitestonecapitalsolutions.com, click “apply now” and fill out the quick and easy form. One of our team members will be in touch with you quickly and get you headed toward closing on that deal. We are loaning in all 50 states. Apply today. News: One place RE prices are flat: Anchorage, AK! Available inventory is down (like everywhere else) but prices are not going up (unlike everywhere else). Why? Because the population is declining. Shell closed a refinery in the area and many people are leaving. Lesson: Avoid long-term strategies in areas with one large employer. RE Investing in a Trump Economy - It’s the same as investing in any economy. The economy is driven largely by consumer confidence, not governmental policy. The only thing government can do by its policy implementation is to encourage or stifle economic activity. Foreign Buyers 153 Billion last year. Up 49% from last year. About 5% of home sales China 31B Canada 19B UK 9.5 Mexico 9.3 India 7.8 $3 trillion in home sales last year. For the 4th year in a row, the largest group of homebuyers in the US are millenials, defined as 35 or younger. The 5th hottest housing market in the US -- Columbus, OH. It’s hot EVERYWHERE folks.   Emails: Matthew from Louisville, KY: “Just caught your show by accident and dude I’m hooked. You gotta tell me how I can get some training and do this in Kentucky.” Tuesdays at 2 FlipStarter Course Coming in September   Ashley from Denver, CO: “What would be the signs that the real estate market is beginning to cool off?” Watch Days on Market avg. (less than 30 is sellers’ market) OR Watch absorption rate (above 20% is sellers’ market) OR How many months of supply? (less than 3 months is sellers’ market). You can ask a realtor in your area any one of these questions and you’ll get a pretty good idea. The key is to ask the same realtor the same question 3 months in a row so you can track a trend. Interview Guests: Roger Herring, Investors’ Accounting LLC
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60 min
May 7, 2018
Beyond Wynn, Motivational Speaker
FAR 047 Hey if you are looking to get your deal funded I’ve got great news. Whitestone Capital Solutions is offering loans as low as 4 points and 8%. Friends, if you are in the real estate investment business it’s hard to find money any cheaper than this. I know because I’ve looked around. All you have to do is go to www.whitestonecapitalsolutions.com, click “apply now” and fill out the quick and easy form. One of our team members will be in touch with you quickly and get you headed toward closing on that deal. We are loaning in all 50 states. Apply today. News: For months I’ve been predicting a slow down in rising prices. Specifically I targeted first or secong quarter of 2018 before we would notice things cooling off. Today I have the first evidence. From Seattle, the HOTTEST market in America and the fastest rising prices. http://www.seattletimes.com/business/real-estate/foreign-buyers-drop-off-as-seattle-housing-market-hits-hottest-tempo-since-2006-bubble/ So foreign buyers are already beginning to taper off a bit in Seattle. Articles on the “hot market” Plano Texas Austin Texas Seattle Columbus OH St. Louis San Francisco / Bay area Denver Raleigh Durham, NC Nashville New Haven and all of Connecticut Park Rapids, MN   Exception: Flint MI. Sales are down, prices are down. Why? People have been told they cannot sell their home with known lead and pipe issues. It may not be true, but the other problem is no one wants to move there before they get their water issues resolved.   Meanwhile in Toronto: Prices are down, median price fell from 919k to 793k last month. Why? Because of a new 15% tax on foreign buyers. Tax any behavior and it will decrease. Politicians tax where they see dollar signs, without regard to the above statement.   Prices elsewhere in Canada are like those in the US. Markets are hot.   It won’t be long before you start seeing “sky is falling” articles about the markets being overheated. What will happen? People will listen. The euphoria will pass, builders will catch up with inventory and the market will settle in at normal rates of appreciation, roughly tied to inflation.   High prices are squeezing out lower income buyers. So what will happen? Where there is a market, enterprising builders and investors will move to lower prices. They want to make money and have to sell in order to do it.   Scams: Rental Scam: Advertised on Craigslist - price VERY reasonable. Credit card required for viewing. “Landlord” promised to meet them at property. Then didn’t show, claiming son was ill at hospital. But now he has the credit card #.   Others have actually rented out the house, taken the money, signed and lease, and let the people move in. Except the house belonged to someone else.   Investor Uh-OHs:   Let’s call him Bill: I bought a house that needed quite a bit of work, but had everything worked out and a plan. Unfortunately both my contractor and I missed a significant foundation issue. The integrity of the structure was compromised and the cost to repair was more than it would cost to tear the house down and build new. I ended up selling at a significant loss. Lesson: When buying an older house, hire a home inspector, $400 well spent.   Emails: Leonardo from Sandy Springs, GA “I need something to help me completely figure out my costs and the possibilities with a property. I started trying to put something into a spreadsheet but I can’t seem to get it all in there. I heard your show and decided to ask if you knew of anything out there.” Frannie from Rockford, IL, “Tell me about using Land Trusts to hold title to your investment properties. Why do that and how does it work?” Interview Guests: Beyond Wynn
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60 min
May 7, 2018
Top Cities
FAR 048 Hey if you are looking to get your deal funded I’ve got great news. Whitestone Capital Solutions is offering loans as low as 4 points and 8%. Friends, if you are in the real estate investment business it’s hard to find money any cheaper than this. I know because I’ve looked around. All you have to do is go to www.whitestonecapitalsolutions.com, click “apply now” and fill out the quick and easy form. One of our team members will be in touch with you quickly and get you headed toward closing on that deal. We are loaning in all 50 states. Apply today. News: New Report: the Top 20 Zip Codes in the US for Real Estate Investing 16 Cities where income can’t keep up with housing costs: meaning - don’t invest there. Santa Ana, CA Newark, NJ Bloomington, IN Los Angeles, CA Lynnwood, CA Garden Grove, CA Hialeah, FL Westminster, CA Inglewood, CA El Monte, CA Paterson, NJ Baldwin Park, CA Davis, CA west of Sacramento Hawthorne, CA Miami, FL Passaic, NJ Commercial real estate has been placed on the Feds official “worry list” according to Business Insider online.   Investor Uh-OHs: “Sue” bought a house from a wholesaler. The price was 140k. The wholesaler had told her the rehab would be 60k and the ARV is 300k. Sounds great and by our formula she could be all in at 210 and still be doing well. She proceeded to put the property under contract. AFTER closing, the best estimate she could get for the work was 78k. Well, that’s a little over budget, but we will still make money. She got the work done for 81k (found a few extra problems) and listed the property. Her realtor said that the best she would get is 280k. She wanted / needed more so they tried a listing at 285k. They ended up reducing over a month to 275 and eventually accepted 270k. If you’ve been doing the math, she was all in at 221 and selling for 270 so she’s ok right? Let’s see… Commission: $16,200 Taxes: $1,548 Insurance: $750 Cost of funds: $24,375 Total additional costs: $42,873 Selling price: $270,000 Less purchase and rehab: $221,000 $49,000 - additional costs: $42,873 = 6,127   Annualized ROI is 5% - You would be better off putting your cash into an indexed fund. What you just got for your money was a $40,000 course in the Real Estate Investing school of hard knocks.   Lessons: DON’T trust a wholesaler’s numbers. DO get a real contractor bid during DD. DO NOT compromise on your 30% margin. DO get your realtors’ opinion of ARV before entering into agreement to purchase DO find a way to contain costs without treating your buyers poorly.   Emails: Questions from College Reunion: “How can I tell if my town is a good place to invest in real estate?” -Are people moving there? Population growing? -Employment opportunities (preferably from more than one major employer) -Are there areas of revitalization/renewal? -Look for the rare below market gems in the best parts of town.   Bennie from Boston: “I’m thinking about coming to Atlanta for your one day course. What are you going to cover?” Find Fund Fix Flip Create a Plan for your Business Show you the path to a full-time career (if you want that).
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60 min
May 7, 2018
Vacation Properties
FAR 049 Hey if you are looking to get your deal funded I’ve got great news. Whitestone Capital Solutions is offering loans as low as 4 points and 8%. Friends, if you are in the real estate investment business it’s hard to find money any cheaper than this. I know because I’ve looked around. All you have to do is go to www.whitestonecapitalsolutions.com, click “apply now” and fill out the quick and easy form. One of our team members will be in touch with you quickly and get you headed toward closing on that deal. We are loaning in all 50 states. Apply today. Translating Income Target into Daily activities. News: Steph Curry loses money in Bay Area Real Estate. Emails: Martin from Long Beach California, “I heard you on your last show talking about buying rentals in my area and I agree - it’s tough to find a property here that you can rent with any kind of decent return. I’m thinking about investing in recreational or resort properties and renting them through AirBnB or VRBO or something. What are your thoughts about this strategy? Kelvin from Atlanta, “I am thinking of buying a condo in Panama City as an investment. My family would enjoy the ability to get down there several times a year plus we could make some money renting it out. What’s your opinion on this?”
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60 min
May 6, 2018
Trends
FAR 050   Topics: THURSDAY THURSDAY!   Hey if you are looking to get your deal funded I’ve got great news. Whitestone Capital Solutions is offering loans as low as 4 points and 8%. Friends, if you are in the real estate investment business it’s hard to find money any cheaper than this. I know because I’ve looked around. All you have to do is go to www.whitestonecapitalsolutions.com, click “apply now” and fill out the quick and easy form. One of our team members will be in touch with you quickly and get you headed toward closing on that deal. We are loaning in all 50 states. Apply today.   Trends Watch price increases in your area. Let me know what you are seeing.   What to do with malls: Technology Center Business incubator Local community college - or satellite campus Convert to housing Scrape and build something new   How do we prepare for technology trends in today’s market. What are the trends? *Ride sharing, including car sharing. When ride sharing costs less than car ownership, Urban parking garages will have excess inventory. What can you do with surplus garage space? If you’re investing in a REIT, perhaps consider warehouse space over garage space. *Online shopping, including groceries Secure package delivery. Build this into your next flip project and make it a part of your marketing. *Electric vehicles. Make sure you have a place to plug the car in!   Baby Boomers are heading toward Senior Living Facilities -- Biz Times calls it “Silver Tsunami” Independent living in senior neighborhoods Assisted living in retirement communities Today’s residents, mostly born in the 1930’s. The Boomers are coming. There will be employment opportunities. And those employees need to live somewhere.   Healthcare may be heading toward single payer. Rationing, long wait times. - Invest in medical office space in the Caribbean - for the wealthy who can and will afford to seek needed treatment elsewhere.   Emails: Virginia from Ocala, FL. “I’m recently retired, but don’t want to just stop everything. I’m thinking seriously about flipping a house like they do on TV. I know I need to consider the cost of the remodeling work and how much I’m going to sell it for. What other costs am I going to run into on the project?” Costs Associated with the Purchase: Closing costs Utility Deposits Insurance Holding Costs Utilities Maintenance (primarily lawn) Insurance HOA Costs Associated with the Sale Commissions RE Taxes Transfer Taxes Possible share of closing costs Cost of Money Origination fee (points) Interest Angela from Pittsburgh, “I have some money I want to invest in real estate but I don’t want to flip a house. That seems too complicated. I DO like the whole process though and the profits seem pretty good and I want a better return than I’m seeing with REITs. Is there a way to invest in a project someone else is flipping and make a good return on my money?” Obviously yes. You need to do some research: Know the property and the process. Know the person doing the work. Or BOTH. Get your interest protected. Encumber the title. Brent from Denver, CO, “What is dual agency? I saw on a website that it’s a scam, but I don’t understand it.” Phil from Long Beach, CA “I’m a new listener. I want to get started flipping houses. I’m thinking about signing up for some training. I went to an event where they wanted more than $30,000 to show me how to do this. I can go to a local group and get the same training for about $500. Or is it the same? I don’t really know what I need -- please help.   Erik from Tampa: “What’s the difference between a mortgage and a Deed of Trust? I want to sell a property myself using owner financing and want to make sure I protect myself in the right way.”
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60 min
May 6, 2018
Investing in Others
FAR 051 Topics: THURSDAY THURSDAY! Hey if you are looking to get your deal funded I’ve got great news. Whitestone Capital Solutions is offering loans as low as 4 points and 8%. Friends, if you are in the real estate investment business it’s hard to find money any cheaper than this. I know because I’ve looked around. All you have to do is go to www.whitestonecapitalsolutions.com, click “apply now” and fill out the quick and easy form. One of our team members will be in touch with you quickly and get you headed toward closing on that deal. We are loaning in all 50 states. Apply today. Two rules you should ALWAYS follow when investing in someone else’s project News: Zillow and Redfin going at it: Zillow says, “Redfin is a threat to organized real estate.” Something I saw for the first time: an owner occupant going to networking meetings to find a property. Story in Bloomberg. Note the headline and sub-head Billionaires in a mobile home park? Emails: Questions@flippingamericaradio.com Tell us where you’re from! Angela from Pittsburgh, “I have some money I want to invest in real estate but I don’t want to flip a house. That seems too complicated. I DO like the whole process though and the profits seem pretty good and I want a better return than I’m seeing with REITs. Is there a way to invest in a project someone else is flipping and make a good return on my money?” Obviously yes. You need to do some research: Know the property and the process. Know the person doing the work. Or BOTH. Get your interest protected. Encumber the title. Keith, from Anaheim, CA, “I want to follow up on the question about investing in someone else’s flip. Tell me more about how it works and what kind of return I could expect. Also, can you provide a sample of the paperwork I would need?” Phil from Long Beach, CA “I’m a new listener. I want to get started flipping houses. I’m thinking about signing up for some training. I went to an event where they wanted more than $30,000 to show me how to do this. I can go to a local group and get the same training for about $500. Or is it the same? I don’t really know what I need -- please help. Erik from Tampa: “What’s the difference between a mortgage and a Deed of Trust? I want to sell a property myself using owner financing and want to make sure I protect myself in the right way.”
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60 min
May 6, 2018
Managing Contractors, Part One, Stacy Rosetti
FAR 042 Topics: Hiring and Managing Contractors Interview Guests: Stacy Rosetti - LIVE at Flipping Atlanta
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60 min
May 6, 2018
Managing Contractors, Part 2, Stacy Rosetti
FAR 052 Live from Flipping Atlanta! Interview Guests: Stacy Rosetti: “Hiring and Managing Contractors, Part 2”
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60 min
May 6, 2018
News Notes and Lease Options
FAR 053 Topics: “FlipStarter” is September 23-24. EJ Lashlee Jennifer Hammonds Jay Conner Bruce Mack Banks Brazell Roger Herring Karen Anderson What you need to know to jump on one of the best business opportunities in America. Trends: Use of Technology. Tell me how you use this tech in your business! Questions@flippingamericaradio.com Tell us where you’re from! News: The Hamptons again - High end properties are just sitting there. Today’s young wealthy don’t appear to want the mega mansions. Matt Laurer just reduced the price on his home in the Hamptons by $2M. Scams: You’ve been approved! Edutainment Story of the day Joey went out and inspected the two brand new HVAC units at his flip. He then went back to the office and cut the check to pay the contractor for them. He was back out at the property two days later and the brand new units had been stolen. It didn’t look like an amateur hack job. Someone had taken the time to properly disconnect the units.  After filing the police report, what did Joey do next? He led the police to the home of his HVAC guy and lo and behold, there they were, sitting on his trailer. The HVAC guy at first claimed they were not Joey’s but had just been purchased for another job. How did Joey prove his case? He produced his phone with multiple pictures of the units, and the metal tag with their serial numbers! Motivational Thoughts for the day Overcoming Fear: Set your goals Make your plans Mitigate Risks Mentor Up Dip Your Toe(?) Make the Plunge Emails: Questions@flippingamericaradio.com Tell us where you’re from! J.M. from Nashville, TN. Please explain the difference between “Lease Purchase” and “Lease Option”. Which should I use in leasing out a property I want the people to buy. The house is about a 45 minute drive and I don’t want to run out there and replace light bulbs or unclog toilets.”   Carl from Sandy Springs, GA “I can’t tell by just looking at a house how much it is going to cost to rehab. And if I don’t know that number I can’t use your formula to make an offer. Please help. I’m stuck.”
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60 min
May 6, 2018
News and Questions
FAR 054 Expected Air Date: 8/17/17 Topics: “FlipStarter” is September 23-24. EJ Lashlee, author of the True Trust Book and The Protection Book, Asset protection through Private Asset Trusts. Jennifer Hammonds, Jennifer Hammonds show. Realtor and investor extraordinaire. Jay Conner. America’s private money authority Bruce Mack. Founder of Platinum Finance Banks Brazell, ReBuild Co, Roger Herring, The Investors Accountant Karen Anderson, Digital Marketing and List Consultant Mike Ventry, Advanta IRA, How to use your self-directed IRA to create potentially tax-free income. What you need to know to jump on one of the best business opportunities in America. Trends: Questions@flippingamericaradio.com Tell us where you’re from! Stacy from Atlanta: I use Social Media to showcase our before and after pictures from our flips. SEVERAL people had this response. Bill from Akron: I use mobile apps like Takl and TaskRabbit to find people for smaller jobs in my business. Francine, Lancaster PA. I use videos to show work in progress on my houses, stream to FB, and send a copy to my private money lender. It builds credibility and provides a good update. Donna from Atlanta: Everyone gets a TON of email every day. I send out my wholesale deals via text message. They get read almost every time. Mark from Tallahassee: I use a service that allows me to leave a voice mail on someone’s phone without ever calling them. I use this to remind them of our meetup group, announce when I have a wholesale deal, or anything important like that. News: Headline: “Will the hot Texas real estate markets ever cool off?” Biggest Non News: REIT is about to pay out a dividend of $0.02 per unit. Fastest Growing RE Companies in the Fortune 500 Ethereum Based Crowdfunding REX - the big news of the day Emails: Questions@flippingamericaradio.com Tell us where you’re from! Carl from Sandy Springs, GA “I can’t tell by just looking at a house how much it is going to cost to rehab. And if I don’t know that number I can’t use your formula to make an offer. Please help. I’m stuck.” Bernie from Ocala, FL, “I own 23 rentals free and clear. I’m ready to sell them and I’m willing to owner finance. I want the income. Can you find me a buyer?” Not a realtor, but out of the 2 mil or so who might be listening I imagine we have a few buyers. Contact us here and we will put you in touch. Victor from Colorado Springs, CO “I found you on iHeart radio and love the show. I know I’m asking something that’s been asked before, but I’m looking at an abandoned house that got partially burned about a year ago. I’m wondering how to figure out how much to offer. Melanie from Pittsburgh, PA. “I have been looking for funding for my deals. I found this source online that is offering to set me up with a $4M credit line. I filled out their application and was approved the next day. We are ready to go to a closing, but I am supposed to pay a 1% ‘success fee’. They want that money before they will schedule the closing. That’s $40,000. I don’t really have that much right now. They suggested I borrow it from a friend and repay the friend once I close on the line. This doesn’t feel right. Your thoughts?” Anderson from Hammond, IN “I applied online with a hard money lender. They appear to be reputable and I have some friends who have borrowed money from them, which is how I found them. They are asking me to pay a $500 application fee which they say will cover the cost of the appraisal and opening up a file. I remember you saying to never pay a lender up front, but this seems legit to me. Am I getting ready to make a big mistake?” Anderson named the lender in his email, which we are not going to name here, but we researched them and Anderson, they are a legitimate company. This amount is actually normal and customary.
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60 min
May 6, 2018
Insurance for Investors, Steve Gebhardt
FAR 055 Expected Air Date: 8/19/17 Topics: “FlipStarter” is September 23-24. EJ Lashlee, author of the True Trust Book and The Protection Book, Asset protection through Private Asset Trusts. Jennifer Hammonds, Jennifer Hammonds show. Realtor and investor extraordinaire. Jay Conner. America’s private money authority Bruce Mack. Founder of Platinum Finance Banks Brazell, ReBuild Co, Roger Herring, The Investors Accountant Karen Anderson, Digital Marketing and List Consultant Mike Ventry, Advanta IRA, How to use your self-directed IRA to create potentially tax-free income. What you need to know to jump on one of the best business opportunities in America. Trends: Questions@flippingamericaradio.com Tell us where you’re from! The New Normal in Real Estate Marketing for 2018   Live Streaming Content Marketing Digital Showings Social Media Marketing Drone footage and stills Interview Guest: Steve Gebhardt
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60 min
May 6, 2018
Contractors and Contractor Management, with Banks Brazell
FAR 056 Expected Air Date: 8/21/17 Topics: “FlipStarter” is September 23-24. Jay Conner. America’s private money authority EJ Lashlee, author of the True Trust Book and The Protection Book, Asset protection through Private Asset Trusts. Bruce Mack. Founder of Platinum Finance Jennifer Hammonds, Jennifer Hammonds show. Nationally acclaimed realtor and investor extraordinaire. Banks Brazell, ReBuild Co, Roger Herring, The Investor’s Accountant Karen Anderson, Digital Marketing and List Consultant Mike Ventry, Advanta IRA, How to use your self-directed IRA to create potentially tax-free income. When you register at FlipStarterEvent.com, you will also get 2 free tickets to What you need to know to jump on one of the best business opportunities in America. Construction and re-modeling houses Interview Guest: Banks Brazell
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60 min
May 6, 2018
Using Trusts in Real Estate, EJ Lashlee
FAR 057 Expected Air Date: 8/24/17 Topics: Mark your calendar now and plan to attend “FlipStarter” is coming September 23-24. Join my special guests: EJ Lashlee, author of the True Trust Book and The Protection Book, Asset protection through Private Asset Trusts. Jennifer Hammonds, Jennifer Hammonds show. Nationally acclaimed realtor and investor extraordinaire. Jay Conner. America’s private money authority Bruce Mack. Founder of Platinum Finance Banks Brazell, ReBuild Co, a leading home builder and remodeler in the Southeastern US. Roger Herring, Founder of Investors’ Accounting. Karen Anderson, Digital Marketing and List Consultant Mike Ventry, Advanta IRA, How to use your self-directed IRA to create potentially tax-free income. And of course, me, the Flipping America guy, Roger Blankenship. I’ve made my career in real estate investing primarily by doing it rather than talking about it. I’ve flipped hundreds of houses and I’m going to show you how to do it. I have a few techniques no one else uses or teaches, but I’m going to share them with you. Why? Because we are going to tell you how to get started Flipping Houses and building wealth. It’s not just owning a business, it’s owning a wealth generation machine that will not only provide for you, but be a blessing to your children and grandchildren. And that’s not all, when you purchase your ticket for only $97 for this two day event, my good friend Jay Conner is going to invite you to HIS event in October at no additional charge. That’s right, two multi-day real estate training events for one low price. Sign up now at FlipStarterEvent.com. What you need to know to jump on one of the best business opportunities in America. Protecting Your Assets News: Capital sources are shying away from one segment of the real estate market.. (Retail) How are global economic issues affecting RE values in port cities? Coming soon to a listing near you: 3D video walkthroughs. China has introduced a new round of restrictions on capital leaving the country.  - prob no effect. The Top Five cities for Chinese Investment in RE: Los Angeles, Miami, NY, San Fran, Boston First sign of the slowing in RE. One major American city had slower sales in July than a year ago - which one? Atlanta! Down 6.3% from a year ago. Watch your local inventory - 3 months supply is an average market. Ashley from Denver, CO: “What would be the signs that the real estate market is beginning to cool off?”   Watch Days on Market avg. (less than 30 is sellers’ market) OR Watch absorption rate (above 20% is sellers’ market) OR How many months of supply? (less than 3 months is sellers’ market).   You can ask a realtor in your area any one of these questions and you’ll get a pretty good idea. The key is to ask the same realtor the same question 3 months in a row so you can track a trend. Emails: Questions@flippingamericaradio.com Tell us where you’re from! Sean from Boulder, CO: I have some rental properties in Alabama and Georgia. I’ve been told that one of the houses has termites and I need to get it treated. They want $1500 and have some sort of system and seems like a baiting type thing. I am not familiar with it, but I did look it up on the internet. I thought I’d check with someone who may have some experience with this issue before deciding what to do. Jenni from Lancaster PA: Enjoyed listening to Mr. Brazell. Where did you find him and where could I go to find someone like him? Donna from Pittsburgh PA: I bought a rental house in suburban Birmingham. The house is on a septic tank. I’m unfamiliar with this system so I read about it on the internet. Is it true that I need to have someone pump the tank every year? It seems like everyone saying that is also in the pumping business, so I’m suspicious. Interview Guest: EJ Lashlee
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60 min
May 6, 2018
Finding Private Money, Jay Connor
FAR 058 Expected Air Date: 8/24/17 Topics: Mark your calendar now and plan to attend “FlipStarter” is coming September 23-24. Join my special guests: EJ Lashlee, author of the True Trust Book and The Protection Book, Asset protection through Private Asset Trusts. Jennifer Hammonds, Jennifer Hammonds show. Nationally acclaimed realtor and investor extraordinaire. Jay Conner. America’s private money authority Bruce Mack. Founder of Platinum Finance Banks Brazell, ReBuild Co, a leading home builder and remodeler in the Southeastern US. Roger Herring, Founder of Investors’ Accounting. Karen Anderson, Digital Marketing and List Consultant Mike Ventry, Advanta IRA, How to use your self-directed IRA to create potentially tax-free income. And of course, me, the Flipping America guy, Roger Blankenship. I’ve made my career in real estate investing primarily by doing it rather than talking about it. I’ve flipped hundreds of houses and I’m going to show you how to do it. I have a few techniques no one else uses or teaches, but I’m going to share them with you. Why? Because we are going to tell you how to get started Flipping Houses and building wealth. It’s not just owning a business, it’s owning a wealth generation machine that will not only provide for you, but be a blessing to your children and grandchildren. And that’s not all, when you purchase your ticket for only $97 for this two day event, my good friend Jay Conner is going to invite you to HIS event in October at no additional charge. That’s right, two multi-day real estate training events for one low price. Sign up now at FlipStarterEvent.com. What you need to know to jump on one of the best business opportunities in America. Protecting Your Assets News: Capital sources are shying away from one segment of the real estate market.. (Retail) How are global economic issues affecting RE values in port cities? Coming soon to a listing near you: 3D video walkthroughs. China has introduced a new round of restrictions on capital leaving the country.  - prob no effect. The Top Five cities for Chinese Investment in RE: Los Angeles, Miami, NY, San Fran, Boston First sign of the slowing in RE. One major American city had slower sales in July than a year ago - which one? Atlanta! Down 6.3% from a year ago. Watch your local inventory - 3 months supply is an average market. Ashley from Denver, CO: “What would be the signs that the real estate market is beginning to cool off?”   Watch Days on Market avg. (less than 30 is sellers’ market) OR Watch absorption rate (above 20% is sellers’ market) OR How many months of supply? (less than 3 months is sellers’ market).   You can ask a realtor in your area any one of these questions and you’ll get a pretty good idea. The key is to ask the same realtor the same question 3 months in a row so you can track a trend.   Emails: Questions@flippingamericaradio.com Tell us where you’re from! Sean from Boulder, CO: I have some rental properties in Alabama and Georgia. I’ve been told that one of the houses has termites and I need to get it treated. They want $1500 and have some sort of system and seems like a baiting type thing. I am not familiar with it, but I did look it up on the internet. I thought I’d check with someone who may have some experience with this issue before deciding what to do. Jenni from Lancaster PA: Enjoyed listening to Mr. Brazell. Where did you find him and where could I go to find someone like him? Donna from Pittsburgh PA: I bought a rental house in suburban Birmingham. The house is on a septic tank. I’m unfamiliar with this system so I read about it on the internet. Is it true that I need to have someone pump the tank every year? It seems like everyone saying that is also in the pumping business, so I’m suspicious. Interview Guest: Jay Conner
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60 min
May 6, 2018
Jennifer Hammond, "Yaaaaay!"
FAR 059 Expected Air Date: 8/28/17 Topics: Mark your calendar now and plan to attend “FlipStarter” is coming September 23-24. Join my special guests: EJ Lashlee, author of the True Trust Book and The Protection Book, Asset protection through Private Asset Trusts. Jennifer Hammonds, Jennifer Hammonds show. Nationally acclaimed realtor and investor extraordinaire. Jay Conner. America’s private money authority Bruce Mack. Founder of Platinum Finance Banks Brazell, ReBuild Co, a leading home builder and remodeler in the Southeastern US. Roger Herring, Founder of Investors’ Accounting. Karen Anderson, Digital Marketing and List Consultant Mike Ventry, Advanta IRA, How to use your self-directed IRA to create potentially tax-free income. And of course, me, the Flipping America guy, Roger Blankenship. I’ve made my career in real estate investing primarily by doing it rather than talking about it. I’ve flipped hundreds of houses and I’m going to show you how to do it. I have a few techniques no one else uses or teaches, but I’m going to share them with you. Why? Because we are going to tell you how to get started Flipping Houses and building wealth. It’s not just owning a business, it’s owning a wealth generation machine that will not only provide for you, but be a blessing to your children and grandchildren. And that’s not all, when you purchase your ticket for only $97 for this two day event, my good friend Jay Conner is going to invite you to HIS event in October at no additional charge. That’s right, two multi-day real estate training events for one low price. Sign up now at FlipStarterEvent.com.   Our thoughts are with everyone in Houston and surrounding areas impacted by Hurricane Harvey. You are in our prayers today.   The “Thankful” Journal. 28 days. 10 things per day. Dianna Her beauty. Of course it’s the first thing anyone notices about her. She is stunning to see and even after all these years of being together she still catches me staring at her. When she asks, “what?” I just shrug my shoulders. The truth is, I’m constantly amazed that a lady this fine agreed to go out with me. Her smile lights up a room and can melt ice (as well as my heart). Her character. She will do the right thing. She will do it when it’s inconvenient. She will do it even knowing it will cost her. Her devotion to honor is a rare quality. Her personal discipline. I have seen her decide to go on a specific diet or “meal plan”. She will not vary, she will not cheat - not even a mouthful. Her workout routine is legendary and no matter what else is going on in her life, she will take the time to get her diet and exercise right and in so-doing has encouraged a more steady application of the same in my own life. Her sense of “industry”. She rises early -- waaaaay early. She does this in order to get her workout and personal time done before she begins her work day at 7:30 am. Wow, who has to be at the office by 7:30? But wait, she works from HOME and doesn’t have regular office hours. She could start at 10 or 11 some days and still get everything done. That means she could stay up at night, sleep in, hit the gym at mid-morning and so forth. But she doesn’t. Why? Because she wants to get her work completed responsibly and turn her attention to --- more work. Her maternal instincts. Her children adore her and are totally devoted to her. My children love and respect her. Why? Because in her mom role she has always provided, nurtured, corrected, developed and as they grew older -- over her own reluctance -- released them to adulthood. She let them go, valuing their independence over her inevitable loneliness, but even now as healthy self-supporting adults they love her more than ever. Her reliability. Need something done? Call Dianna. Need someone to show up on time? Ask Dianna. Do you want someone who will complete the task in front of her on time and on budget? Give it to Dianna. Do you need a faithful friend who will stand with you through good times and bad, when you are weak, in pain, in search of a steady accepting, non-judging friend? I’ve seen her in this role many times. She is a friend and a person you can always count on. Her generosity. Her first instinct is to give to someone in need (including animals). One of her driving motivations is a quiet outreach she plans for single moms. You’ll never read about it in the papers or online because that’s not her style. But people are blessed by her presence and her generosity. Her discernment. Anyone who gets hired in my companies at some point will meet her before the hiring decision is made. Almost no candidate knows this is anything more than a social introduction. The fact is, she has a reliable built-in BS detector. Call it intuition if you want, but I believe it is much more. She pays attention to details, verbal and non-verbal cues and her surroundings like few others. Her love. She is a person of few words. If you are one of the lucky individuals who actually get to know her, you will find that she has a passion and intensity inside her that is an unquenchable fire. This inner passion ultimately guides all her other qualities and directs her daily decisions. And although she moves through her days with ease, grace, and few words, I can see that fire in her eyes and with a small glance in my direction I FEEL that intensity wrapping around me and holding me close. To be loved - to feel loved like this changes the way I see the world and although a stubborn man of bad habits, has changed me and made me a better person. These are ten -- I believe I could produce a hundred more. Proverbs 31 Interview Guest: Jennifer Hammonds, YAAAAAAY!
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60 min
May 6, 2018
Issues and Answers
FAR 060 Expected Air Date: 8/31/17 Topics: Mark your calendar now and plan to attend “FlipStarter” is coming September 30 and October 1. Join my special guests: EJ Lashlee, author of the True Trust Book, The Protection Book, and founder of True Trust Services.  He will be speaking about asset protection through Private Asset Trusts. Jennifer Hammonds, Jennifer Hammonds show. Nationally acclaimed realtor and investor extraordinaire. Jay Conner. America’s private money authority Bruce Mack. Founder of Platinum Finance Banks Brazell, ReBuild Co, a leading home builder and remodeler in the Southeastern US. Roger Herring, Founder of Investors’ Accounting. Karen Anderson, Digital Marketing and List Consultant Mike Ventry, Advanta IRA, How to use your self-directed IRA to create potentially tax-free income. And of course, me, the Flipping America guy, Roger Blankenship. I’ve made my career in real estate investing primarily by doing it rather than talking about it. I’ve flipped hundreds of houses and I’m going to show you how to do it. I have a few techniques no one else uses or teaches, but I’m going to share them with you. Why? Because we are going to tell you how to get started Flipping Houses and building wealth. It’s not just owning a business, it’s owning a wealth generation machine that will not only provide for you, but be a blessing to your children and grandchildren. And that’s not all, when you purchase your ticket for only $97 for this two day event, my good friend Jay Conner is going to invite you to HIS event in October at no additional charge. That’s right, two multi-day real estate training events for one low price. Sign up now at FlipStarterEvent.com. Our thoughts are with everyone in Houston and surrounding areas impacted by Hurricane Harvey. You are in our prayers today. News: The Top Ten Places to Retire http://www.marketwatch.com/story/10-of-the-best-places-in-the-world-to-retire-2016-07-23 Top 10 Best places in the World to live: http://www.marketwatch.com/story/no-american-city-makes-the-list-of-the-worlds-top-20-best-places-to-live-2017-03-15 The 20 hottest real estate markets, August 2017. (Check out Grand Rapids, MI) http://www.realtor.com/news/trends/hottest-markets-august-2017/ Ten-X, commercial RE auction site, gets bought by Thomas H. Lee Partners - majority stake for $1B. Emails: Questions@flippingamericaradio.com Tell us where you’re from! William from W. Islip NY. I’m not a realtor, and I’m having trouble figuring out the ARV. Any help you can give would be appreciated. Love your show by the way - found it on iHeart radio. Jason from Huntsville, AL. Could you review the insurance I need for a flip? I bought a house at the foreclosure auction and the people are still living there. I guess they will be there until the redemption period expires. So how do I insure this house? Caroline from Madison, WI. I’m a student at Wisconsin (Go Badgers!). My parents are thinking about buying a house here in Madison and renting out the rooms while letting me have a place to stay. Do you think this is a good idea? If they do it, my dad wants me to ask you for some tips for managing the other renters.
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60 min
May 6, 2018
News and Questions
FAR 061 Expected Air Date: 9/2/17 Topics: Mark your calendar now and plan to attend “FlipStarter” is coming September 30 and October 1. Join my special guests: EJ Lashlee, author of the True Trust Book, The Protection Book, and founder of True Trust Services.  He will be speaking about asset protection through Private Asset Trusts. Jennifer Hammonds, Jennifer Hammonds show. Nationally acclaimed realtor and investor extraordinaire. Jay Conner. America’s private money authority Bruce Mack. Founder of Platinum Finance Banks Brazell, ReBuild Co, a leading home builder and remodeler in the Southeastern US. Roger Herring, Founder of Investors’ Accounting. Karen Anderson, Digital Marketing and List Consultant Mike Ventry, Advanta IRA, How to use your self-directed IRA to create potentially tax-free income. And of course, me, the Flipping America guy, Roger Blankenship. I’ve made my career in real estate investing primarily by doing it rather than talking about it. I’ve flipped hundreds of houses and I’m going to show you how to do it. I have a few techniques no one else uses or teaches, but I’m going to share them with you. Why? Because we are going to tell you how to get started Flipping Houses and building wealth. It’s not just owning a business, it’s owning a wealth generation machine that will not only provide for you, but be a blessing to your children and grandchildren. And that’s not all, when you purchase your ticket for only $97 for this two day event, my good friend Jay Conner is going to invite you to HIS event in October at no additional charge. That’s right, two multi-day real estate training events for one low price. Sign up now at FlipStarterEvent.com.   Our thoughts are with everyone in Houston and surrounding areas impacted by Hurricane Harvey. You are in our prayers today. News: Two more HOT real estate market lists. Different methods - different results; Wallet Hub Frisco, Texas; McKinney Texas; Allen, Texas; Cary, NC; Richardson, Texas; Seattle; Bellevue, Wash.; Carrollton, Texas; Nashville; and Denver Sharestates: Methodology: Loan to ARV%, ROI%, Increase in Demand See article http://www.businessinsider.com/8-hottest-housing-markets-in-america-right-now-2017-8/#4-west-babylon-new-york-5 Miami and Miami Beach among the worst RE markets in the nation. Lessons: Second-home markets fluctuate with the economy. If you learn to read the signs, you can buy low and sell high. The local RE market The regional economy The national economic forecasts. Looking for signs of an economy that will boost the confidence of the “second home” segment. Emails: Questions@flippingamericaradio.com Tell us where you’re from! Caroline from Madison, WI. I’m a student at Wisconsin (Go Badgers!). My parents are thinking about buying a house here in Madison and renting out the rooms while letting me have a place to stay. Do you think this is a good idea? If they do it, my dad wants me to ask you for some tips for managing the other renters. Wade from Pittsburgh PA: Ok, I’ve flipped 4 houses in the past year and made more than I make in my job. I’m ready to quit my job and turn this into a business. What should I do? Bridgette from Boulder CO: I’m looking at a site called auction.com. Are you familiar with it? What is your thinking about auction sites for real estate?
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60 min
May 6, 2018
Strategic Investing
FAR 062 Expected Air Date: 9/4/17 Topics: Mark your calendar now and plan to attend “FlipStarter” is coming September 30 and October 1. Join my special guests: EJ Lashlee, author of the True Trust Book, The Protection Book, and founder of True Trust Services.  He will be speaking about asset protection through Private Asset Trusts. Jennifer Hammonds, Jennifer Hammonds show. Nationally acclaimed realtor and investor extraordinaire. Jay Conner. America’s private money authority Bruce Mack. Founder of Platinum Finance Banks Brazell, ReBuild Co, a leading home builder and remodeler in the Southeastern US. Roger Herring, Founder of Investors’ Accounting. Karen Anderson, Digital Marketing and List Consultant Mike Ventry, Advanta IRA, How to use your self-directed IRA to create potentially tax-free income. And of course, me, the Flipping America guy, Roger Blankenship. I’ve made my career in real estate investing primarily by doing it rather than talking about it. I’ve flipped hundreds of houses and I’m going to show you how to do it. I have a few techniques no one else uses or teaches, but I’m going to share them with you. Why? Because we are going to tell you how to get started Flipping Houses and building wealth. It’s not just owning a business, it’s owning a wealth generation machine that will not only provide for you, but be a blessing to your children and grandchildren. And that’s not all, when you purchase your ticket for only $97 for this two day event, my good friend Jay Conner is going to invite you to HIS event in October at no additional charge. That’s right, two multi-day real estate training events for one low price. Sign up now at FlipStarterEvent.com.   Our thoughts are with everyone in Houston and surrounding areas impacted by Hurricane Harvey. You are in our prayers today. Trends: Questions@flippingamericaradio.com Tell us where you’re from! How to think strategically about overpriced markets. Consider your exit plan. If you are flipping, just do your thing. Deals may be harder to find, but quicker to sell Do not intentionally do marginal deals. You may have to let the cruel world of reality thin the herd of investor wanna-bes. Learn the art of remote flipping and even remote rentals. If holding, think very carefully about buying in a market where prices are rising faster than income can keep up. Why? You need to be able to charge enough rent to make the property cash flow properly. People need to be able to afford their rent A correction is on the way. It’s inevitable. When people can no longer afford the prices, they will no longer buy. When demand shrinks, prices will come down. You don’t want to buy at the top. Reality: People live near jobs, education, and opportunity. Find communities with a diversified solid base of employment. Put your eggs in multiple baskets. Different asset types? Different locations definitely. News: Houston Under Water Canada Real Estate in Trouble? Canada Real Estate NOT in trouble. Emails: Questions@flippingamericaradio.com Tell us where you’re from! Scott from Macon, GA “My contractor got started a few days ago and put in for his first draw. I went to the house and noticed that he had already painted all the walls, even though there were still some repairs to be made. His crew even painted one wall that will be removed. When I asked him about it, he said this was just a primer coat and it helped them see the repairs that needed to be made. But it was the chosen wall color, not primer. He told me it didn’t matter what I used for primer - just needed two coats. And he billed me on the draw for ½ of the painting. I’m thinking something doesn’t seem right about this…” Deanne from Pittsburgh, PA. “Is there a database of bad contractors somewhere on the internet? I want to keep people from hiring this guy I just fired. He’s a crook."
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59 min
May 6, 2018
Lots of Questions
FAR 063 Expected Air Date: 9/7/17 Emails: Questions@flippingamericaradio.com Tell us where you’re from! Cindy from Gulf Shores AL: “is the ‘no money down’ deal a real thing? I hear it all the time on TV and infomercials. It seems too good to be true.” Fred from Clarksville, IN:  “I’m trying to buy a house to live in, but it needs repairs before I move in. Do you know a hard money company that will loan me the money?” William from Savannah, GA: “What do you know about investing in historic houses? I’d like to know your thoughts.” Shay from Seattle, WA: “What are some of the criteria you think about when choosing a remote market. I’m not having any success finding a deal here in Seattle.” Willy from Westchester PA: “I have two possible deals to buy. The better one is about a 30 minute drive further away. Which should I do?” Abby from Pittsburgh, PA: “We bought our first house. Our mortgage broker told us we made enough income to qualify for another house, such as a rental. The extra income seems like a great idea, but we heard your show and thought we would get your thoughts. If we were going to do this, what should we look for?”
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60 min
May 6, 2018
News and Notes
FAR 064 Expected Air Date: 9/9/17 Topics: Mark your calendar now and plan to attend “FlipStarter” is coming September 30 and October 1. Join my special guests: EJ Lashlee, author of the True Trust Book, The Protection Book, and founder of True Trust Services.  He will be speaking about asset protection through Private Asset Trusts. Jennifer Hammonds, Jennifer Hammonds show. Nationally acclaimed realtor and investor extraordinaire. Jay Conner. America’s private money authority Bruce Mack. Founder of Platinum Finance Banks Brazell, ReBuild Co, a leading home builder and remodeler in the Southeastern US. Roger Herring, Founder of Investors’ Accounting. Karen Anderson, Digital Marketing and List Consultant Mike Ventry, Advanta IRA, How to use your self-directed IRA to create potentially tax-free income. And of course, me, the Flipping America guy, Roger Blankenship. I’ve made my career in real estate investing primarily by doing it rather than talking about it. I’ve flipped hundreds of houses and I’m going to show you how to do it. I have a few techniques no one else uses or teaches, but I’m going to share them with you. Why? Because we are going to tell you how to get started Flipping Houses and building wealth. It’s not just owning a business, it’s owning a wealth generation machine that will not only provide for you, but be a blessing to your children and grandchildren. And that’s not all, when you purchase your ticket for only $97 for this two day event, my good friend Jay Conner is going to invite you to HIS event in October at no additional charge. That’s right, two multi-day real estate training events for one low price. Sign up now at FlipStarterEvent.com. Trends: Questions@flippingamericaradio.com Tell us where you’re from! News: Blockchain Technology is in the news again. ATLANT Blockchain is a new company designed to make real estate investing accessible to everyone. Because of the open nature of the technology, pricing information, ownership information is available to all. Tokenized ownership Peer to Peer rentals. Implications: The more all the information is available the more efficient the market becomes. It leads to a form of market stability, but also reduces opportunity. Limited discounts Limited opportunity for value-ad or forced appreciation. Won’t happen all at once - won’t happen soon, and will probably always be one of the options - not the only method. The advance of technology - takes away some opportunities - creates others. Demand for apartments easing off. The year over year absorption rate is down 8%. This means apartments are sitting for longer periods of time when completed. In another 6-8 months, rent rates are going to take a dip. Chinese Investments are pouring into London. Contrary to “expert” predictions Cheap Brexit Pound Sterling Political unease at home Safe Haven Stability Scams: Craigslist ad: i have a 2/1. You add a bedroom and bathroom and sell for 180. Repairs 45. Purchase 42. No address given. When contacted, the “seller” gave this spiel: Thanks so much for your interest in the property. We are an investment company that locates, drive around, negotiate, prepare reports and picture's and past the deals on to you.  Our company charges a research/address release fee of $100.00. Now, If you are interested in the property the fee will be a credit to your closing cost. If you are not interested in the property it is a non-refund charge for our services. Also, If you have interest in purchasing the property it would be an Earnest Money of 2000.00 payable to the Title Company.   Again, thanks so much for your interest. -Karen, Robinson Service LLC Emails: Questions@flippingamericaradio.com Tell us where you’re from! Frederica from Long Beach, CA: Where do you see opportunities for residential investing today? Any area with solid job market and growing population base. Only invest in small towns if you live in that small town or have some other reason to be there from time to time.. Affordable homes - The way to wealth is to see and need and fill it. If you can build AFFORDABLE housing right now, you can make a fortune. There is a dearth of it.   Anthony, Boulder, CO: I want to get into commercial investing but don’t know how. I have $150,000 to put to this. REIT Crowd Funding DP on small office building. Jennifer from Providence, RI: Went to FlipStarterEvent.com. Looks like a great event at a great price. I just can’t help but wonder if I couldn’t somehow get all that information for free on the internet. Yes you can. Free info - no vetting. Could be wrong or misleading. No mentoring - No one to call on. So what do you need to know to really fix and flip houses? How to find deals 10 sources Foreclosure auction an entirely different set of risks and knowledge base. Deal Marketing Direct mail Landing page Answering the phone Screening calls Making offers How to know if it IS a deal Diff between profit margin and profit Diff between gross profit and net Calculating profit Estimating repairs Determining ARV How to buy it. Negotiating Creating solutions Maximizing profits Structure Purchase Cash Equity Partner? Hard Money Private money Owner Finance Installment contract Lease Option Lease Purchase Subject-To Wrap around Financing How to flip it Wholesale? Assignable contract Double closings Fix it Structural knowledge The parts of a structure Recognizing what needs to be repaired or replaced Design decisions Choosing colors Styles Accessories Contractor vetting and approval Where to find em How to check them out How to interview them Contract law and development Contractor Supervision Payment process Draw schedules Lien waivers Sell it Marketing approach Using a realtor How to find How to vet How to interview Whom to hire Manage the relationship Listing and pricing strategies Gathering feedback Managing objections Price reduction strategy Negotiating with buyers Negotiating AFTER its under contract Running Your Business Setting up properly Keeping proper records Creating business systems Tax strategies and planning Protecting your assets Proper Insurance for all assets Managing tenants Know the laws Prepare for court! Handling service requests Leases! What goes in them What can’t be in them Who’s on the lease?   That’s the TIP. The iceberg is what is underneath all that. It’s a lot. But what do you get in return? The real possibility of a six figure income in a couple of years. The opportunity to build lasting wealth to pass on to your children and grandchildren Freedom - work when you want, however long you want, quit when you want or when you can each day. The opportunity to live life on your own terms. Don’t “make a living.” LIVE. Do that “higher meaning” thing.
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60 min
May 6, 2018
Questions and Answers
FAR 065 Expected Air Date: 9/14/17 Topics: Mark your calendar now and plan to attend “FlipStarter” is coming September 30 and October 1. Join my special guests: EJ Lashlee, author of the True Trust Book, The Protection Book, and founder of True Trust Services.  He will be speaking about asset protection through Private Asset Trusts. Jennifer Hammonds, Jennifer Hammonds show. Nationally acclaimed realtor and investor extraordinaire. Jay Conner. America’s private money authority Bruce Mack. Founder of Platinum Finance Banks Brazell, ReBuild Co, a leading home builder and remodeler in the Southeastern US. Roger Herring, Founder of Investors’ Accounting. Karen Anderson, Digital Marketing and List Consultant Mike Ventry, Advanta IRA, How to use your self-directed IRA to create potentially tax-free income. And of course, me, the Flipping America guy, Roger Blankenship. I’ve made my career in real estate investing primarily by doing it rather than talking about it. I’ve flipped hundreds of houses and I’m going to show you how to do it. I have a few techniques no one else uses or teaches, but I’m going to share them with you. Why? Because we are going to tell you how to get started Flipping Houses and building wealth. It’s not just owning a business, it’s owning a wealth generation machine that will not only provide for you, but be a blessing to your children and grandchildren. And that’s not all, when you purchase your ticket for only $97 for this two day event, my good friend Jay Conner is going to invite you to HIS event in October at no additional charge. That’s right, two multi-day real estate training events for one low price. Sign up now at FlipStarterEvent.com.   TV Flipping Show MYTHS. And we will bust them, with a little help from my friends. Correlations between Commercial and Residential RE Development Re-Investment New Stores... News: Commercial RE heading toward a correction Declines in NYC commercial investment project to a 2017 with numbers very similar to 2008. Prices have peaked in Commercial. Residential will follow. 8-12 months prices will peak, back up slightly, then proceed at a pace corresponding to inflation. Interest rates will go up in 2018.   If you’re going to buy a residence, the best time was 2010. The next best time is today. When the market corrects it may be 5-8% above current levels and it may be only a 3% correction on the whole. Emails: Questions@flippingamericaradio.com Tell us where you’re from! Steve, Macon GA: Roger can we get you to come to our Investors Club here in Macon? We are only 90 miles away. Reggie, Chattanooga, TN: Chattanooga is a small city, but an interesting place to live. How are the investing decisions different in a small city from a large city? All Real Estate is local, Local Codes, Rules, or Laws Local knowledge of neighborhoods, shifts, renewal, gentrification, etc. Principles are generally true everywhere. Be all in at no more than 70% of ARV. Perhaps more opportunity to visit properties? May have to be open to a broader spectrum of possibilities. Brian, Wilmington, DE. I heard about the show from a friend of a friend. Listening to you on iHeart radio. Because of some new legislation, we are expecting to see an influx of professional jobs - lawyers actually - and I’m thinking about investing in some Executive - type rentals - higher end. Do you have any experience with that? It’s short term Higher quality of tenant, usually Typically less damage to a larger home. Quick turnovers. Buy it with flip margins in mind Consider an airBnB strategy. Gerald, Milwaukee WI. It seems like I don’t want to be trying to sell a house over the holidays, I don’t want to shut down my business, but I also don’t want to pay interest on inventory just sitting there through the winter. What are your thoughts? Sell all year long, just know the cycle. Lowest months are January and February Holiday staging!
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60 min
May 6, 2018
The Equifax Crisis, with Charlie Fowler
FAR 066 Expected Air Date: 9/16/17 News: Equifax Data Breach!! Charlie Fowler coming up. Story on CNBC yesterday. REIT earnings are down for companies invested in retail space. Interview Guest: Charlie Fowler
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60 min
May 6, 2018
Updates and Issues
FAR 067 Expected Air Date: 9/17/17 News: Partners REIT announces distribution of $0.02083 per unit. 2 cents per unit. So my 1000 units would make me $20! There are 45,731,683 Units outstanding. Thus the payout is $952,591. Billboard for Offerpad. We will buy your home. Sounds great. Another version of “if I can’t sell your home I’ll buy it for cash.” Offers appear to be 12% below current value, when all fees are factored in. Article CNBC. Flipping on the decline as prices increase. 5.6% 2nd quarter, 6.9% 1st quarter. According to NAR, 5M existing homes sold in the US in 2016. 300,000 sold by investors or house flippers. (6%) Avg price, 240,000. RE Investors sold $72B in 2016. Not a trifling amount. Scams: Corey, from West Allis, WI “When is it OK to give my contractor money up front. All of the contractors I speak with want half the money before they will begin the work. What should I be doing to protect myself?” Scam is where someone gets your money for nothing (or very little effort). Pre-payment for loan Pre-payment for remodeling Emails: Questions@flippingamericaradio.com Tell us where you’re from! Freddie, from Cleveland, GA: I’m looking at buying a manufactured home as a rental. It’s only $3,000 and I can get $350/month for it. It’s in rentable condition now and it’s on a lot that comes with the purchase price. What else should I be considering? I’ll take it! What’s the value of the land? Consider selling under an installment land contract. Damon, from Akron, OH: “What is the most I should pay for my first flip?” Andy, from Snellville, GA: “I cracked up when I heard your answer to the lady from Rhode Island asking if she could get all the information about flipping houses for free on the internet. Would you spend a little more time going over all those topics again? It sounds pretty complex.”
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60 min
May 6, 2018
News and Questions
FAR 068 Expected Air Date: 9/21/17 Emails: Questions@flippingamericaradio.com Tell us where you’re from! Randall from Huntsville, AL: I’m new to investing and would like to hear all the options available to me for funding my first deal. Chastity is from Providence, RI: We are about to buy a small house up in Lincoln and it looks like a pretty good deal. While doing our diligence we have discovered that this house and every house on the street are in a Historic District. It’s just an ordinary looking 1300 sf 3/1 built in the 1940’s. Please help us with anything you can about buying a home in a designated “historic” area. Alison from Waco, TX: Please talk more about where to find house deals. I know you talk about wholesalers, but I don’t know where to find them. Robert  from Indianapolis, IN: I have money and want to loan to a local investor who is flipping a property. How do I protect myself?
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60 min
May 6, 2018
Issues and Answers
FAR 069 Expected Air Date: 9/25/17 Topics: Mark your calendar now and plan to attend “FlipStarter” is coming October 21 and 22. . Join my special guests: EJ Lashlee, author of the True Trust Book, The Protection Book, and founder of True Trust Services.  He will be speaking about asset protection through Private Asset Trusts. Jennifer Hammond, Host of The Jennifer Hammond show on Sirius/XM Radio The Urban View. Nationally acclaimed realtor and investor extraordinaire. Jay Conner. America’s private money authority Bruce Mack. Founder of Platinum Finance Banks Brazell, ReBuild Co, a leading home builder and remodeler in the Southeastern US. Roger Herring, Founder of Investors Accounting. Karen Anderson, Digital Marketing and List Consultant Mike Ventry, Advanta IRA, How to use your self-directed IRA to create potentially tax-free income. And of course, me, the Flipping America guy, Roger Blankenship. I’ve made my career in real estate investing by doing it rather than talking about it. I’ve flipped hundreds of houses and I’m going to show you how to do it. I have a few techniques no one else uses or teaches, but I’m going to share them with you. Why? Because we are going to tell you how to get started Flipping Houses and building wealth. It’s not just owning a business, it’s owning a wealth generation machine that will not only provide for you, but be a blessing to your children and grandchildren. And that’s not all, when you purchase your ticket for only $97 for this two day event, my good friend Jay Conner is going to invite you to HIS event in October at no additional charge. That’s right, two multi-day real estate training events for one low price. Sign up now at FlipStarterEvent.com. The FIRST 20 people who sign up for FlipStarter can save 20% off the admission cost by using the coupon code HOT20. I flipped 75 houses before I finally decided to go to a seminar about flipping houses. I wanted to improve my techniques. Over the years I’ve attended many training events and I can confidently tell you that FlipStarter is unlike any real estate investor training out there. See for yourself at FlipStarterEvent.com. Emails: Questions@flippingamericaradio.com Tell us where you’re from! Julio from Brighton, CO: “I hear you say you want to be “all-in” at 70% but I’m not sure what you mean by that. Would you mind going over that?” Alison from Waco, TX: Please talk more about where to find house deals. I know you talk about wholesalers, but I don’t know where to find them. Teddy from Long Beach, CA. I’ve flipped four houses in the past 18 months. I want to quit my job to focus on this full time. How do I know when it’s the right time to quit? Replacing salary - MORE than Cash reserves - 1 year of salary Consider the cost of benefits Study the systems and processes you will need to scale up. Increased volume = increased overhead - staff. Stan from Lincoln, NE, “I know you have to get a certain percentage of stupid questions. How do you deal with those?” Brittany from Chattanooga, TN, “I’m looking at an older home in the Highland Park area. I noticed that the house still has a fuse box. Am I going to need to upgrade the electrical and if so, what will it cost?” Howard from Bridgeport, CT “I can’t make it to Atlanta for your FlipStarter event. Are you going to record it? Will it then be available in some format?”
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60 min
May 6, 2018
The Ultimate Rehab Estimator, Pat Dornan
FAR 070 Expected Air Date: 9/28/17 Topics: Mark your calendar now and plan to attend “FlipStarter” is coming October 21 and 22. . Join my special guests: EJ Lashlee, author of the True Trust Book, The Protection Book, and founder of True Trust Services.  He will be speaking about asset protection through Private Asset Trusts. Jennifer Hammond, Host of The Jennifer Hammond show on Sirius/XM Radio The Urban View. Nationally acclaimed realtor and investor extraordinaire. Jay Conner. America’s private money authority Bruce Mack. Founder of Platinum Finance Pat Dornan, developer of the “Ultimate Rehab Estimator” and author of “Expect the Unexpected.” Roger Herring, Founder of Investors Accounting. Karen Anderson, Digital Marketing and List Consultant Mike Ventry, Advanta IRA, How to use your self-directed IRA to create potentially tax-free income. And of course, me, the Flipping America guy, Roger Blankenship. I’ve made my career in real estate investing by doing it rather than talking about it. I’ve flipped hundreds of houses and I’m going to show you how to do it. I have a few techniques no one else uses or teaches, but I’m going to share them with you. Why? Because we are going to tell you how to get started Flipping Houses and building wealth. It’s not just owning a business, it’s owning a wealth generation machine that will not only provide for you, but be a blessing to your children and grandchildren. And that’s not all, when you purchase your ticket for only $97 for this two day event, my good friend Jay Conner is going to invite you to HIS event in October at no additional charge. That’s right, two multi-day real estate training events for one low price. Sign up now at FlipStarterEvent.com. The FIRST 20 people who sign up for FlipStarter can save 20% off the admission cost by using the coupon code HOT20. I flipped 75 houses before I finally decided to go to a seminar about flipping houses. I wanted to improve my techniques. Over the years I’ve attended many training events and I can confidently tell you that FlipStarter is unlike any real estate investor training out there. See for yourself at FlipStarterEvent.com. Interview Guest: Pat Dornan - Ultimate Rehab Estimator
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60 min
May 6, 2018
Direct Marketing, Karen Anderson
FAR 071 Expected Air Date: 10/2/17 Topics: Like us on Facebook. Join us every Tuesday at 2 for free interactive real estate coaching. The FIRST 20 people who sign up for FlipStarter can save 20% off the admission cost by using the coupon code HOT20. I flipped 75 houses before I finally decided to go to a seminar about flipping houses. I wanted to improve my techniques. Over the years I’ve attended many training events and I can confidently tell you that FlipStarter is unlike any real estate investor training out there. See for yourself at FlipStarterEvent.com. Emails: Questions@flippingamericaradio.com Tell us where you’re from! Jake, from Bristol, VA “How is big city investing different from small town investing? How are they the same?” Andrew from Jackson, MS “What are the top three things to consider in buying a rental house? Consider buying small multi-family instead Actual cash flow Potential long-term upside Keep it small. Buy a low maintenance home Lisa, Roswell, GA “I’m a realtor, but not really an investor -- yet. As I search the MLS for possibilities, what should I be looking for?” Shawn, Paoli, PA, “I got an offer accepted on a bank-owned house. But now I can’t find anyone who will loan me the money to get it and fix it. I have perfect credit, but no prior experience. Any suggestions? Wholesale Mentor - split profits Tom, Arvada, CO, “I found a HM lender to do a deal, but now I’m four days from closing and they sent me the settlement statement. I have to come to closing with close to $50,000! I don’t have it. And I don’t know what to do.” Interview Guest: Karen Anderson, Direct Marketing Consultant.
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60 min
May 6, 2018
Compare Everything!
FAR 072 Expected Air Date: 10/05/17 Topics: Mark your calendar now and plan to attend “FlipStarter” is coming October 20 and 21. . Join my special guests: EJ Lashlee, author of the True Trust Book, The Protection Book, and founder of True Trust Services.  He will be speaking about asset protection through Private Asset Trusts. Jennifer Hammond, Host of The Jennifer Hammond show on Sirius/XM Radio The Urban View. Nationally acclaimed realtor and investor extraordinaire. Jay Conner. America’s private money authority Bruce Mack. Founder of Platinum Finance Pat Dornan, developer of the “Ultimate Rehab Estimator” and author of “Expect the Unexpected.” Roger Herring, Founder of Investors Accounting. Karen Anderson, Direct Marketing and List Consultant Mike Ventry, Advanta IRA, How to use your self-directed IRA to create potentially tax-free income. And of course, me, the Flipping America guy, Roger Blankenship. I’ve made my career in real estate investing by doing it rather than talking about it. I’ve flipped hundreds of houses and I’m going to show you how to do it. I have a few techniques no one else uses or teaches, but I’m going to share them with you. Why? Because we are going to tell you how to get started Flipping Houses and building wealth. It’s not just owning a business, it’s owning a wealth generation machine that will not only provide for you, but be a blessing to your children and grandchildren. And that’s not all, when you purchase your ticket for only $97 for this two day event, my good friend Jay Conner is going to invite you to HIS event in October at no additional charge. That’s right, two multi-day real estate training events for one low price. Sign up now at FlipStarterEvent.com. The FIRST 20 people who sign up for FlipStarter can save 20% off the admission cost by using the coupon code HOT20. I flipped 75 houses before I finally decided to go to a seminar about flipping houses. I wanted to improve my techniques. Over the years I’ve attended many training events and I can confidently tell you that FlipStarter is unlike any real estate investor training out there. See for yourself at FlipStarterEvent.com. Emails: Questions@flippingamericaradio.com Tell us where you’re from! Jake, from Bristol, VA “How is big city investing different from small town investing? How are they the same?” Lisa, Roswell, GA “I’m a realtor, but not really an investor -- yet. As I search the MLS for possibilities, what should I be looking for?” Shawn, Paoli, PA, “I got an offer accepted on a bank-owned house. But now I can’t find anyone who will loan me the money to get it and fix it. I have perfect credit, but no prior experience. Any suggestions? Wholesale Mentor - split profits Tom, Arvada, CO, “I found a HM lender to do a deal, but now I’m four days from closing and they sent me the settlement statement. I have to come to closing with close to $50,000! I don’t have it. And I don’t know what to do.”
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60 min
May 6, 2018
The Multiple Win Scenario
Topics: The Multiple Win Scenario Sellers Win. Buyers Win Private Lenders Win Communities Win Realtors Win Contractors Win We Win
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60 min
May 6, 2018
The Secret to Flipping Houses in Your Spare Time
FAR 074 Expected Air Date: 10/12/17 Topics: Mark your calendar now and plan to attend “FlipStarter” is coming October 20 and 21. . Join my special guests: EJ Lashlee, author of the True Trust Book, The Protection Book, and founder of True Trust Services.  He will be speaking about asset protection through Private Asset Trusts. Jennifer Hammond, Host of The Jennifer Hammond show on Sirius/XM Radio The Urban View. Nationally acclaimed realtor and investor extraordinaire. Jay Conner. America’s private money authority Bruce Mack. Founder of Platinum Finance Pat Dornan, developer of the “Ultimate Rehab Estimator” and author of “Expect the Unexpected.” Roger Herring, Founder of Investors Accounting. Karen Anderson, Direct Marketing and List Consultant Mike Ventry, Advanta IRA, How to use your self-directed IRA to create potentially tax-free income. And of course, me, the Flipping America guy, Roger Blankenship. I’ve made my career in real estate investing by doing it rather than talking about it. I’ve flipped hundreds of houses and I’m going to show you how to do it. I have a few techniques no one else uses or teaches, but I’m going to share them with you. Why? Because we are going to tell you how to get started Flipping Houses and building wealth. It’s not just owning a business, it’s owning a wealth generation machine that will not only provide for you, but be a blessing to your children and grandchildren. And that’s not all, when you purchase your ticket for only $97 for this two day event, my good friend Jay Conner is going to invite you to HIS event in October at no additional charge. That’s right, two multi-day real estate training events for one low price. Sign up now at FlipStarterEvent.com. The FIRST 20 people who sign up for FlipStarter can save 20% off the admission cost by using the coupon code HOT20. I flipped 75 houses before I finally decided to go to a seminar about flipping houses. I wanted to improve my techniques. Over the years I’ve attended many training events and I can confidently tell you that FlipStarter is unlike any real estate investor training out there. See for yourself at FlipStarterEvent.com. Trends: Questions@flippingamericaradio.com Tell us where you’re from! 5 Bathroom trends to avoid! And we are not just talking about laying off the late night pizza... News: 73, 77, 45. Harvey, Irma, Marie $175B, $200B, $75B Cali wildfires: Could be up to 65B. 21 already dead. 11,000 homes at significant risk, 9.1 million homes at some level of risk. Emails: Questions@flippingamericaradio.com Tell us where you’re from! Lorraine from Traverse City, MI “You’re talking a lot about fix and flips this month and I understand - what with your event coming up. But what about those of us who want to buy rental properties. Will you be doing programs about that? David from Columbus OH, “I’m retired - don’t want to flip houses, but I love your show. I want to be a private funder for your or some of your students. How would I get started?” Andy from Tryon, NC “I have a business currently, but would be interested in flipping houses as a side hustle. Is that possible and how should I go about it?” Keith, Powder Springs, GA “I have $50,000 to invest. Not enough to buy a house, but enough to do something, right? What are my options?” Frankie from Jonesboro, GA “I went to a 3 day event from ________ _______ and got some good information. It was $197 and I was impressed. I wanted to sign up for their main course until I found out it was close to $35,000. I’m not doing that. Where I live I can buy houses for $35,000. I think I’d rather buy a house than pay that much to learn how to buy houses. So anyway - tell us plainly - are you going to upsell us to a $35,000 course too?” In a word, no, but let’s think about it... If you could make 35k per month after paying that, what would the deal look like then? Compare to a franchise… $500k to make $50k per year?? How about switching that around? But I’m not going to try to sell you something for $500k. I left 200k on the table, so my education might have cost me that. I’m not charging that. I’m not charging $50,000. The real problem is a course doesn’t really teach you how to do this. You need a coach -- a mentor. The Flipping America Mentoring Program. Our program begins with a surprisingly small commitment, with an agreement that your coach is going to get paid a little bit when you make money. Your first four deals for sure. More if you need it. Topics: The Secret to Flipping Houses in your Spare Time. Systems Persistence Consistency Discipline Discernment What you need to know to flip: So what do you need to know to really fix and flip houses? How to find deals 10 sources Foreclosure auction an entirely different set of risks and knowledge base. Deal Marketing Direct mail Landing page Answering the phone Screening calls Making offers How to know if it IS a deal Diff between profit margin and profit Diff between gross profit and net Calculating profit Estimating repairs Determining ARV How to buy it. Negotiating Creating solutions Maximizing profits Structure Purchase Cash Equity Partner? Hard Money Private money Owner Finance Installment contract Lease Option Lease Purchase Subject-To Wrap around Financing How to flip it Wholesale? Assignable contract Double closings Fix it Structural knowledge The parts of a structure Recognizing what needs to be repaired or replaced Design decisions Choosing colors Styles Accessories Contractor vetting and approval Where to find em How to check them out How to interview them Contract law and development Contractor Supervision Payment process Draw schedules Lien waivers Sell it Marketing approach Using a realtor How to find How to vet How to interview Whom to hire Manage the relationship Listing and pricing strategies Gathering feedback Managing objections Price reduction strategy Negotiating with buyers Negotiating AFTER its under contract Running Your Business Setting up properly Keeping proper records Creating business systems Tax strategies and planning Protecting your assets Proper Insurance for all assets Managing tenants Know the laws Prepare for court! Handling service requests Leases! What goes in them What can’t be in them Who’s on the lease? That’s the TIP. The iceberg is what is underneath all that. It’s a lot. But what do you get in return? The real possibility of a six figure income in a couple of years. The opportunity to build lasting wealth to pass on to your children and grandchildren Freedom - work when you want, however long you want, quit when you want or when you can each day. The opportunity to live life on your own terms. Don’t “make a living.” LIVE. Do that “higher meaning” thing.
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60 min
May 6, 2018
How to Get Started
FAR 075 Expected Air Date: 10/14/17 Topics: Mark your calendar now and plan to attend “FlipStarter” is coming October 20 and 21. . Join my special guests: EJ Lashlee, author of the True Trust Book, The Protection Book, and founder of True Trust Services.  He will be speaking about asset protection through Private Asset Trusts. Jennifer Hammond, Host of The Jennifer Hammond show on Sirius/XM Radio The Urban View. Nationally acclaimed realtor and investor extraordinaire. Jay Conner. America’s private money authority Bruce Mack. Founder of Platinum Finance Pat Dornan, developer of the “Ultimate Rehab Estimator” and author of “Expect the Unexpected.” Roger Herring, Founder of Investors Accounting. Karen Anderson, Direct Marketing and List Consultant Mike Ventry, Advanta IRA, How to use your self-directed IRA to create potentially tax-free income. And of course, me, the Flipping America guy, Roger Blankenship. I’ve made my career in real estate investing by doing it rather than talking about it. I’ve flipped hundreds of houses and I’m going to show you how to do it. I have a few techniques no one else uses or teaches, but I’m going to share them with you. Why? Because we are going to tell you how to get started Flipping Houses and building wealth. It’s not just owning a business, it’s owning a wealth generation machine that will not only provide for you, but be a blessing to your children and grandchildren. And that’s not all, when you purchase your ticket for only $97 for this two day event, my good friend Jay Conner is going to invite you to HIS event in October at no additional charge. That’s right, two multi-day real estate training events for one low price. Sign up now at FlipStarterEvent.com. The FIRST 20 people who sign up for FlipStarter can save 20% off the admission cost by using the coupon code HOT20. I flipped 75 houses before I finally decided to go to a seminar about flipping houses. I wanted to improve my techniques. Over the years I’ve attended many training events and I can confidently tell you that FlipStarter is unlike any real estate investor training out there. See for yourself at FlipStarterEvent.com. Trends: Questions@flippingamericaradio.com Tell us where you’re from! 5 Bathroom trends to avoid! And we are not just talking about laying off the late night pizza... News: Looks like Nibiru won’t hit us tomorrow. Although since it is supposedly invisible, wait until the Monday show to know for sure. While we are talking about invisible planets, spend some time this weekend reading up on and searching for Planet Nine. Ten times larger than earth. It’s existence explains a lot of weird stuff going on out there past Neptune, but so far no one has ever seen this planet. Market update - interest rates. Mortgage risk index is down. Artificial Intelligence and real estate. Home searches influenced by your online behavior. Warehouse space is hot again! Thanks to e-commerce. “Surge” in REIT shares - and the retail space is surprising. Yields still a bit less than 5%. Detroit is #10 is the nation for market heat, but the scammer know this. Sameer Beydoun - 24 months in federal pen for an elaborate real estate scam. British backers. Irish lottery winner invested in 600 detroit homes in and lost them due to unpaid taxes. Belgium investors were victims in a different scam. Know the person, or Know the property, or Have the means and the discipline to verify everything. Emails: Questions@flippingamericaradio.com Tell us where you’re from! Cheryl from Winston Salem, NC, “I’m so excited! I just got a house under contract! using your formula it looks like I’ll make about 40,000.  My brother-in-law is going to do the work in exchange for a share of the profit. There are several things I want to do to the house that he says are unnecessary, like granite countertops in the kitchen, and certain flooring choices. Our arguments about this are beginning to dampen my enthusiasm. Please help me decide!” Gary from Long Beach, CA. “Ok, so what’s the first step I need to take in RE investing?” Sophia from Lancaster, PA. “I really want to start flipping houses and I’m ready to go, but I don’t know the first step or steps. What are the first 2 or 3 things I need to do? Justin, from Denver, CO “I can’t be at your event in October, but I NEED this. When will you be in Denver?” Charlotte, Tampa, and others… Keep listening -- we are working on a solution for you. Topics: Where do I begin? Line up the money Find a deal Get a mentor What you need to know to flip: So what do you need to know to really fix and flip houses? How to find deals 10 sources Foreclosure auction an entirely different set of risks and knowledge base. Deal Marketing Direct mail Landing page Answering the phone Screening calls Making offers How to know if it IS a deal Diff between profit margin and profit Diff between gross profit and net Calculating profit Estimating repairs Determining ARV How to buy it. Negotiating Creating solutions Maximizing profits Structure Purchase Cash Equity Partner? Hard Money Private money Owner Finance Installment contract Lease Option Lease Purchase Subject-To Wrap around Financing How to flip it Wholesale? Assignable contract Double closings Fix it Structural knowledge The parts of a structure Recognizing what needs to be repaired or replaced Design decisions Choosing colors Styles Accessories Contractor vetting and approval Where to find em How to check them out How to interview them Contract law and development Contractor Supervision Payment process Draw schedules Lien waivers Sell it Marketing approach Using a realtor How to find How to vet How to interview Whom to hire Manage the relationship Listing and pricing strategies Gathering feedback Managing objections Price reduction strategy Negotiating with buyers Negotiating AFTER its under contract Running Your Business Setting up properly Keeping proper records Creating business systems Tax strategies and planning Protecting your assets Proper Insurance for all assets Managing tenants Know the laws Prepare for court! Handling service requests Leases! What goes in them What can’t be in them Who’s on the lease? That’s the TIP. The iceberg is what is underneath all that. It’s a lot. But what do you get in return? The real possibility of a six figure income in a couple of years. The opportunity to build lasting wealth to pass on to your children and grandchildren Freedom - work when you want, however long you want, quit when you want or when you can each day. The opportunity to live life on your own terms. Don’t “make a living.” LIVE. Do that “higher meaning” thing.
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60 min
May 6, 2018
Negotiating
FAR 076 Expected Air Date: 10/16/17 Topics: Mark your calendar now and plan to attend “FlipStarter” is coming October 20 and 21. . Join my special guests: EJ Lashlee, author of the True Trust Book, The Protection Book, and founder of True Trust Services.  He will be speaking about asset protection through Private Asset Trusts. Jennifer Hammond, Host of The Jennifer Hammond show on Sirius/XM Radio The Urban View. Nationally acclaimed realtor and investor extraordinaire. Jay Conner. America’s private money authority Bruce Mack. Founder of Platinum Finance Pat Dornan, developer of the “Ultimate Rehab Estimator” and author of “Expect the Unexpected.” Roger Herring, Founder of Investors Accounting. Karen Anderson, Direct Marketing and List Consultant Mike Ventry, Advanta IRA, How to use your self-directed IRA to create potentially tax-free income. And of course, me, the Flipping America guy, Roger Blankenship. I’ve made my career in real estate investing by doing it rather than talking about it. I’ve flipped hundreds of houses and I’m going to show you how to do it. I have a few techniques no one else uses or teaches, but I’m going to share them with you. Why? Because we are going to tell you how to get started Flipping Houses and building wealth. It’s not just owning a business, it’s owning a wealth generation machine that will not only provide for you, but be a blessing to your children and grandchildren. And that’s not all, when you purchase your ticket for only $97 for this two day event, my good friend Jay Conner is going to invite you to HIS event in October at no additional charge. That’s right, two multi-day real estate training events for one low price. Sign up now at FlipStarterEvent.com.   The FIRST 20 people who sign up for FlipStarter can save 20% off the admission cost by using the coupon code HOT20.   I flipped 75 houses before I finally decided to go to a seminar about flipping houses. I wanted to improve my techniques. Over the years I’ve attended many training events and I can confidently tell you that FlipStarter is unlike any real estate investor training out there. See for yourself at FlipStarterEvent.com Trends: Questions@flippingamericaradio.com Tell us where you’re from! 5 Bathroom trends to avoid! And we are not just talking about laying off the late night pizza... News: Inflation surprisingly low. Int up in Dec  https://www.bloomberg.com/news/articles/2017-10-15/yellen-says-fed-to-raise-rates-gradually-as-inflation-picks-up Best rental mkts for sfr  https://www.cnbc.com/2017/10/13/want-to-be-a-landlord-these-are-the-top-markets-for-investing-in-rental-homes.html Emails: Questions@flippingamericaradio.com Tell us where you’re from! Doug, Fresno, CA, “i can’t come there… call.. Jill, Baltimore, MD “I am making offers on the MLS but cannot win any deals. What am I doing wrong?” Brent from Providence, RI, “How do you handle winter renovations? I’m about to buy a fixer upper, but wonder how I will get it done over the winter. We estimate it will take 2 months to complete and it will be turning cooler soon.” Do the outside now and whenever the weather allows. Get the heat on in the house. Allow extra time in your projections for bad weather delays. Daily costs ROI Timetable projections - cash flow Jenae, from Denver, CO, “I sent out a mailing last week and the phone has rung a few times and I scheduled my first appointment. I’m excited but SO nervous about meeting the seller. What can I do to be less nervous?” Consider your Personal safety Prepare, prepare. Everything you can know about the house About the seller, their problem, their motivation level... About the situation - loan balance, payment, etc. Your formulas - know what you can pay. Rehab worksheet in hand. Tape measure, pen or pencil, clipboard, flashlight, camera (phone is usually good enough) Topics: Negotiating TOP TIPS Preparation Body Language Presentation Close What you need to know to flip: So what do you need to know to really fix and flip houses? How to find deals 10 sources Foreclosure auction an entirely different set of risks and knowledge base. Deal Marketing Direct mail Landing page Answering the phone Screening calls Making offers How to know if it IS a deal Diff between profit margin and profit Diff between gross profit and net Calculating profit Estimating repairs Determining ARV How to buy it. Negotiating Creating solutions Maximizing profits Structure Purchase Cash Equity Partner? Hard Money Private money Owner Finance Installment contract Lease Option Lease Purchase Subject-To Wrap around Financing How to flip it Wholesale? Assignable contract Double closings Fix it Structural knowledge The parts of a structure Recognizing what needs to be repaired or replaced Design decisions Choosing colors Styles Accessories Contractor vetting and approval Where to find em How to check them out How to interview them Contract law and development Contractor Supervision Payment process Draw schedules Lien waivers Sell it Marketing approach Using a realtor How to find How to vet How to interview Whom to hire Manage the relationship Listing and pricing strategies Gathering feedback Managing objections Price reduction strategy Negotiating with buyers Negotiating AFTER its under contract Running Your Business Setting up properly Keeping proper records Creating business systems Tax strategies and planning Protecting your assets Proper Insurance for all assets Managing tenants Know the laws Prepare for court! Handling service requests Leases! What goes in them What can’t be in them Who’s on the lease? That’s the TIP. The iceberg is what is underneath all that. It’s a lot. But what do you get in return? The real possibility of a six figure income in a couple of years. The opportunity to build lasting wealth to pass on to your children and grandchildren Freedom - work when you want, however long you want, quit when you want or when you can each day. The opportunity to live life on your own terms. Don’t “make a living.” LIVE. Do that “higher meaning” thing.
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60 min
May 6, 2018
Roger Herring, The Sweet Setup
FAR 077 Expected Air Date: 10/19/17 Special Guest Roger Herring Topics: Negotiating TOP TIPS Preparation Body Language Presentation Close
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60 min
May 6, 2018
Bruce Mack, Business Finance
FAR 078 Expected Air Date: 10/21/17 Trends: Questions@flippingamericaradio.com Tell us where you’re from! News: The TOP TEN hottest ZIP codes in the US Special Guest Bruce Mack
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60 min
May 6, 2018
News and Questions
FAR 079 Expected Air Date: 10/24/17 Trends: Questions@flippingamericaradio.com Tell us where you’re from! News: Utah real estate investor gets 7 years. https://www.ksl.com/?sid=46184689&nid=148 Hurricane Irma hurts home resales: http://www.mysuncoast.com/news/local/hurricane-irma-hurts-local-real-estate-market/article_68b86c96-b768-11e7-ab3e-a34030ed6dc1.html Real Estate Fracking? http://www.globest.com/sites/irem/2017/10/23/how-real-estate-fracking-is-leaving-its-mark/?slreturn=20170923072825 Your Brain can hurt you. https://www.bisnow.com/london/news/economy/why-your-brain-makes-you-get-real-estate-investing-wrong-80598 Emails: Questions@flippingamericaradio.com Tell us where you’re from! Lauren, Ft. Worth, TX, “I couldn’t make it to your event, but I’m interested in your mentoring program. Do you have any options for me?” https://calendly.com/rogerblankenship/30minconsult Anyone else can email us and we will send a link. Lyndsey, Chattanooga, TN, “I couldn’t come to FlipStarter, but I want into your mentoring program. Is it too late?” Next 3-day mentoring course, Dec 1-3. Schedule a call with us. David, Caribou, Maine, “We are in a small town - I just don’t see fixing and flipping as a way of making a living here. Rentals maybe. Do you offer guidance on that as well?” Yes. Stay tuned. Peter, Milwaukee, WI, “Will you eventually be providing your training in other places or is it just in Atlanta.” Topics: House Flipping Myths Questions@flippingamericaradio.com Tell us where you’re from!
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60 min
May 6, 2018
85 Ways to Make Money in Real Estate
FAR 080 Expected Air Date: 10/26/17 Trends: Questions@flippingamericaradio.com Tell us where you’re from! News: Self-Driving Cars and ride-sharing could impact self-storage: https://therealdeal.com/miami/2017/10/25/self-storage-industry-could-face-head-on-impact-of-driverless-cars/ Barbara Corcoran of Shark Tank follows Hispanic demographics in her own investing. http://people.com/chica/barbara-corcoran-on-why-hispanics-dominate-real-estate-and-business/ Topics: 85 ways to make money in real estate REIT Crowd Funding Stock in publicly traded RE company Residential Realtor Commercial Realtor Real Estate Marketer Realtor Lead Generation Realtor Lead Management Bird Dog Wholesaler Fix and Flip Buy and Hold Hybrid fix and Hold New Every 2 Flip strategy Turn Key Rental sales Lease Arbitrage Leveraged Contract for Deed Residential Mortgage Lender Commercial Mortgage Lender Appraiser Home Inspector Insurance Agent Title/Escrow Agent Real Estate Attorney Real Estate Accountant Cash Lender IRA Lender Lending Broker Real Estate Private Equity Fund Property Management, Residential Property Management, Commercial Own the Brokerage Resident Manager Handyman Contractor Project Manager Small Multi-family (duplex through quads) Small Apartments (5-50 units) Large Apartments Apartment wholesaler Fix and Flip Apartments any size Small Office Large Office Commercial Sub-leasing (Regus, WeWork, etc.) Virtual Office Triple Net Leasing - large companies don’t always want to own the real estate. Manufacturing / Industrial Retail Motel / Hotel Single family developer Commercial developer Real estate photography Raw Land Farm Investing Timber Water/Mineral/Oil/Gas rights Mobile Homes Mobile Home Parks RV Parks Vacation Rentals Billboards Mini-storage Business short-stay (AirBnB) Non-performing Notes Performing Notes New Construction Residential New Construction Commercial International investing Auctions Foreclosure sales Tax Liens Subject-To HUD sales VA sales Bulk packages Joint Ventures Real Estate Syndication 1031 Exchanges Consulting / Mentoring Blogging Retirement Specialist Author REIA owner Trainer / Guru Radio Host! (wait - we were talking about making money…) Questions@flippingamericaradio.com Tell us where you’re from!
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60 min
May 6, 2018
Charles Sells, Tax Liens
FAR 081 Expected Air Date: 10/28/17 Trends: Questions@flippingamericaradio.com Tell us where you’re from! News: The Hottest RE Markets for 2018: http://www.tennessean.com/story/money/real-estate/2017/10/26/nashville-drops-three-notches-2018-outlook-remains-top-10-u-s-real-estate-market/800160001/ Ten Leading Indicators that a City is on the rise: https://www.forbes.com/sites/forbesrealestatecouncil/2017/10/26/10-signs-a-city-is-on-the-verge-of-becoming-a-real-estate-investment-hub/#6f83b2052433 Special Guest Charles Sells, PIP Group. Topics: House Flipping Myths, 9-15
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60 min
May 6, 2018
Passive Investing
FAR 082 Expected Air Date: 10/30/17 Trends: Questions@flippingamericaradio.com Tell us where you’re from! Like us on Facebook. www.facebook.com/flippingamericamedia Check in with us every Tuesday for “Tuesdays at Two” Follow us on Twitter @FlippingAmerica IF WE READ YOUR QUESTION ON THE AIR, WE WILL SEND YOU A TICKET TO OUR NEXT FLIPSTARTER EVENT. THAT’S A $97 VALUE! News: When to drop your selling price in today’s market. https://www.cnbc.com/2017/10/27/how-to-know-when-to-drop-the-asking-price-on-your-home.html A solution for vacant retail space! I predicted it… http://www.sun-sentinel.com/local/broward/sunrise/fl-sb-apartments-shopping-center-sunrise-20171027-story.html Ten Trends for 2018 https://www.curbed.com/2017/10/26/16554900/real-estate-trends-housing-affordability-urban-development The slow-down is starting. https://www.msn.com/en-us/money/realestate/stuck-in-place-u-s-homeowners-hunker-down-rather-than-move/ar-AAubp7w?ocid=ob-tw-enus-634 Investor Uh-OHs: Send in your uh-oh. Help us all learn and grow. Randy, from Sylva, NC. “I bought a house and did a nice job (so I thought) fixing it up. I peeked into the crawl space but never went under there. It was tight and I’m a big guy. When we sold it, the home inspector told us there was standing water in the crawl space that had led to some minor wood rot and could lead to other problems in the future. The water was due to the grading of the lot. The only thing to do was repair the damaged wood and install a sump pump to deal with future water issues. The $1800 that cost came right out of the bottom line. We would have bought the house and done the deal anyway, but it was disappointing to have to spend that money.” LESSON: If you’re not going under or on top of the house, hire a home inspector when you buy it. Emails: Questions@flippingamericaradio.com Tell us where you’re from! Randall, Mountain Brook (Birmingham), AL “I enjoy the show but I don’t want to fix and flip. I have some money and want to invest passively in RE. What do you recommend?” Carmen, Littleton, CO. “I have switched my 401k to a Roth IRA and want to invest in Real Estate. I don’t want to do the work, I want to be the bank. I only have 200k to put into this. Where do I begin?” Laura, Atlanta, GA “What can I do to put 120k to work from my Roth IRA?” Rachel, Chattanooga, TN, “I have a 401k and it’s doing ok, but I think I could make more money in real estate. Tell me how to switch it to a ROTH IRA.” Topics: Passive Income in Real Estate I DON’T RECOMMEND. But here are some things you might want to consider. REIT Shares in publicly traded RE company Crowd Funding Individual house flippers Hard Money Lender Flipping America Private Lending Program.
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60 min
May 6, 2018
Jack Bosch, Investing in Land
FAR 083 Expected Air Date: 11/02/17 Trends: Questions@flippingamericaradio.com Tell us where you’re from! Like us on Facebook. www.facebook.com/flippingamericamedia Check in with us every Tuesday for “Tuesdays at Two” Follow us on Twitter @FlippingAmerica IF WE READ YOUR QUESTION ON THE AIR, WE WILL SEND YOU A TICKET TO OUR NEXT FLIPSTARTER EVENT. THAT’S A $97 VALUE! Special Guest Jack Bosch, Orion Investments, Buying Land
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60 min
May 6, 2018
Private Lending Questions
FAR 084 Expected Air Date: 11/04/17 Trends: Questions@flippingamericaradio.com Tell us where you’re from! Like us on Facebook. www.facebook.com/flippingamericamedia Check in with us every Tuesday for “Tuesdays at Two” Follow us on Twitter @FlippingAmerica IF WE READ YOUR QUESTION ON THE AIR, WE WILL SEND YOU A TICKET TO OUR NEXT FLIPSTARTER EVENT. THAT’S A $97 VALUE! News: 15 signs you’re addicted to HGTV https://www.cheatsheet.com/culture/15-signs-that-prove-youre-addicted-to-hgtv.html/?a=viewall Rebuilding after Sandy https://www.nytimes.com/2017/10/29/nyregion/hurricane-sandy-5-years-rebuilding.html Where are the Gen Xers moving? https://www.msn.com/en-us/money/realestate/the-states-generation-xers-are-leaving-and-moving-to/ss-AAtigJy?ocid=ob-tw-enus-634#image=1 Big Cities where rents are plunging - and mid-cities where rents are rising. http://www.businessinsider.com/biggest-us-cities-where-rents-are-plunging-2017-11 Cities on the Bubble. https://wolfstreet.com/2017/10/31/the-us-cities-with-the-biggest-housing-bubbles-3/ Zillow case is dismissed. Reaction from experts: https://www.forbes.com/sites/forbesrealestatecouncil/2017/11/02/how-is-the-real-estate-market-reacting-to-zillows-zestimates-lawsuit-dismissal/#318559a617eb Emails: Questions@flippingamericaradio.com Tell us where you’re from! Denise, Macon, GA, “I’m loaning an investor for a flip property from my self-directed IRA. What interest rate should I ask for?” Maxine, Ocala, FL “What’s the difference between a Promissory Note and a Security Deed?” Eduardo, Ft. Worth, TX “Where do I go to find private money lenders?” Warm Leads Cold Leads James, Ooltewah, TN “An investor buddy of mine has approached me with a proposal to provide gap funding for one of his deals. This will help with the down-payment and interest payments and make me a part of the project. What should I ask in return?” Chris, Pittsburgh, PA “You mentioned Equity Split recently and I was wondering what it means exactly. I think it’s a way to fund a deal. Does this mean you split the profits? And if so, what is the percentage?”
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60 min
May 6, 2018
Your Realtor Top Ten
FAR 085 Expected Air Date: 11/09/17 Trends: NEW NEW! Call in to our comments line! 404-369-1018, extension 1. Leave your message.   Questions@flippingamericaradio.com Tell us where you’re from! Like us on Facebook. www.facebook.com/flippingamericamedia Check in with us every Tuesday for “Tuesdays at Two” Follow us on Twitter @FlippingAmerica IF WE READ YOUR QUESTION ON THE AIR, WE WILL SEND YOU A TICKET TO OUR NEXT FLIPSTARTER EVENT. THAT’S A $97 VALUE! News: Houston home sales are rebounding after Harvey. http://www.chron.com/business/real-estate/article/Houston-real-estate-market-continues-post-Harvey-12341532.php Top Cities for Investors 2018: https://www.chicagobusiness.com/realestate/20171106/CRED02/171109924/chicago-real-estate-market-drops-in-emerging-trends-survey Best and worst performing luxury markets around the world. https://www.mansionglobal.com/articles/79772-guangzhou-rises-to-top-of-global-luxury-real-estate-market Check out the people giving you real estate investing advice. https://www.washingtonpost.com/news/where-we-live/wp/2017/11/06/make-sure-you-check-the-credentials-of-people-giving-you-real-estate-investing-advice/?utm_term=.b1bb5b666a5a How the proposed tax code changes may affect American business. https://seekingalpha.com/article/4120938-stag-moneyball-real-estate-investing The price point where you want to sell homes in 2018: http://www.businessinsider.com/experts-are-missing-the-point-on-americas-housing-affordability-problem-2017-11 An argument for eliminating the tax deductibility of mortgage interest. http://www.weeklystandard.com/tax-reform-must-not-keep-tax-breaks-for-real-estate/article/2010388 Compass is coming to a city near you (maybe). https://techcrunch.com/2017/11/08/real-estate-startup-compass-nabs-100m-at-a-1-8b-valuation/ Topics: Your Realtor Top Ten
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60 min
April 10, 2018
Competition!
FAR 140 Expected Air Date: 04/09/18 Opening Hello everyone. Today I’m going to answer a question that has come to us hundreds of times from dozens of sources and seems like a recurring topic at every event where I speak. And the question is, “How can I start flipping some houses and buying rentals in my spare time while I keep my job.”  Now I know we’ve dealt with this topic before but it’s been awhile and we are adding new listeners all the time and besides, some information is so needed, it’s worth repeating. So in just a few minutes I’m going to deal with this topic and help you understand the big picture of what you need to make this happen. I started in this business while maintaining a demanding full-time job and continued that way for four years. I only switched to real estate investing full time because due to life circumstances that other job had come to an end.   The other question or comment I often get is a variation of this: If you are helping people enter this business aren’t you creating your own competitors and reducing the opportunity for everyone you train? I’m going to answer that question first right after the break. The bottom line is there are more opportunities than there are investors and this isn’t changing anytime soon. To paraphrase a famous quote about planting trees, “the best time to get into this business was 20 years ago. The next best time is today.” How to Reach us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: My upcoming speaking engagements: April 21, FlipStarter Atlanta Details on the website and at FlipStarterEvent.com News: http://lenkiefer.com/2017/09/17/housing-vacancy-trends/ https://www.investopedia.com/articles/personal-finance/031616/10-us-cities-most-vacant-homes.asp https://www.forbes.com/sites/forbesrealestatecouncil/2018/04/03/15-booming-real-estate-markets-that-are-trending-in-2018/#2c66f9026f63 Topic: The Competition I believe in free enterprise, capitalism, private property rights, the rule of law, and limited government interference. I realize for a system like this to actually work, the general populace must not only agree about the rule of law but must also find common ground in agreeing about right and wrong. I also believe in Cooperative Capitalism. I do not believe that opportunity is a zero-sum game but rather that wealth can be created. There are those that believe that for anyone to prosper someone else must suffer. For anyone to win, someone else must lose. Games or competitions have one winner and all the rest are not winners. You might even quote a stupid Will Farrell movie by saying “Second Place is actually First Loser.” Although much can be learned in these competitive events, and we should relish competition for a number of reasons, it is possible for life itself to present multiple “winners.” Perhaps if you are keeping score in terms of quantifiable numbers such as “most money” there will be someone who finishes on top. But when it comes to money, once you reach a certain level, there’s almost no point in making more - there aren’t too many more ways you can spend it. My point is this: You don’t have to make the most money in order to be a winner at life. If you make enough to take care of your family, meet your goals, maybe even have some luxuries, some toys, or some extras, you’re a winner. I’m absolutely convinced that it’s possible for me to help you achieve your dreams without taking anything away from me. I can show you how to become effective as a real estate investor and in fact, you may ultimately be better at it than me. Does that take anything away from me? Not at all. One of my stated goals each year is to help people. If I am able to help someone, that goal is met and is self-rewarding. But let’s move away from the philosophical and talk specifics for a moment. Is it possible I could give you the skills that would put me out of business? Let’s go to the numbers. Last year 5 million homes were sold in the US and about 7% of them were flips from investors. That’s roughly 350,000. Is there room for that number to possibly increase? Well -- let’s take a look at the vacant home inventory. The number of vacant homes in the US has held fairly steady in the past five years at between 15 and 18 million. I have a study from lenkiefer.com that looks into the reasons for these vacancies. When I look through the report, it appears that about 46% of all vacant homes are in a situation that would be available to investors. These categories include, “needs repairs” “extended absence” “storage” “foreclosure” “abandoned” or “other”. If you had a way to find these properties and contact the owners, surely some of them are ready to sell. There are 7 or 8 million of these homes nationwide, available to people like me. That’s more than the total number of homes sold last year. Investors accounted for about 350,000 sales across the country last year. Based on the inventory and the current level of investors there’s a 20 plus year supply of properties available RIGHT NOW. And more distressed properties and abandonments are surely on the way. It’s the nature of things. If one investor can do a dozen houses per year and we wanted to sell the current inventory of vacant homes it would take close to 700,000 new investors. ---- I’d say there’s room for a few more, wouldn’t you? Emails: Questions@flippingamericaradio.com Tell us where you’re from! Francine, Madison, WI, “How do you handle multiple offer situations when you are buying? It seems like every time I make an offer, they have multiple offers and want a ‘Highest and Best’ offer, usually within 24 hours.” Michael, Spartanburg, SC, “Do you ever go above your numbers due to the fact that deals are so hard to come by these days? I’d rather make something than have my money sitting on the sideline.” Melissa, Marion, OH, “We want to improve our deal marketing. What advice would you give us?” Peter, Battle Creek, MI “How many offers do I need to make in order to buy one house per month and how much time will that take me?”
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60 min
April 1, 2018
Show 96 Real Estate News and Questions
Roger answers listener questions and makes some predictions for 2018
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60 min
April 1, 2018
Glen Glasper, aka "Mr. Dollar Out of a Dime"
Roger speaks with a leading Atlanta investor and trainer, Glen Glasper.
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60 min
April 1, 2018
Questions for the Flipping America Guy, Show 94
Roger covers some of the Top Ten (or Top 20) Lists from 2017 and answers questions from listeners.
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60 min
April 1, 2018
Tony Lukashevich, Atlanta Investing Coach
Roger talks to Atlanta investor and coach, Tony Lukashevich about flipping houses in Atlanta, the market, and tips for investors.
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60 min
April 1, 2018
Flipping America Show 92, News and Lists from the World of Real Estate Investing
News, information, answers to listener questions, and real estate on the Moon!
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59 min
April 1, 2018
High Tech Solution for Landlords - Baserent
Roger speaks with the founders of a property management tech start-up called Baserent.
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60 min
April 1, 2018
Crushing it in Virginia, with Crystal Mewhorter
FAR 090 Expected Air Date: 11/18/17 Announcements: NEW NEW! Call in to our comments line! 404-369-1018, extension 1. Leave your message.   Questions@flippingamericaradio.com Tell us where you’re from! Like us on Facebook. www.facebook.com/flippingamericamedia Check in with us every Tuesday for “Tuesdays at Two” Follow us on Twitter @FlippingAmerica IF WE READ YOUR QUESTION ON THE AIR, WE WILL SEND YOU A TICKET TO OUR NEXT FLIPSTARTER EVENT. THAT’S A $97 VALUE! News: The Big NOT YET news. Tax Reform. https://www.dallasnews.com/business/real-estate/2017/11/20/dallas-property-execs-keeping-wary-eye-federal-tax-code-rewrite https://www.inman.com/2017/11/17/zillows-6-predictions-for-the-2018-housing-market/ Special Guest Daniel and Crystal Mewhorter Emails: Questions@flippingamericaradio.com Tell us where you’re from! Keith, Princeton, WV. “I’m about to buy my first two rental houses. One of them is vacant. What are some things I should do as winter approaches?” Bob, Forsyth, GA “I’m looking at a possible deal here in central Georgia, but it seems unwise to buy as we go into the holiday season. I would be trying to sell it in January. Would you pass or buy?” Karen,  Naples, FL, “We are picking up homes that have been damaged by Irma. The former owners are moving on somewhere else. We have more than we can possible get to and need to sell some to other investors. Can you help us?”
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60 min
April 1, 2018
Sharper Business Solutions, Gary Harper
FAR 089 Expected Air Date: 11/18/17 Announcements: NEW NEW! Call in to our comments line! 404-369-1018, extension 1. Leave your message.   Questions@flippingamericaradio.com Tell us where you’re from! Like us on Facebook. www.facebook.com/flippingamericamedia Check in with us every Tuesday for “Tuesdays at Two” Follow us on Twitter @FlippingAmerica IF WE READ YOUR QUESTION ON THE AIR, WE WILL SEND YOU A TICKET TO OUR NEXT FLIPSTARTER EVENT. THAT’S A $97 VALUE! News: Tech Trends in RE for 2018 https://www.forbes.com/sites/forbesrealestatecouncil/2017/11/16/what-to-expect-from-real-estate-tech-in-2018/#10982c9b46aa If you ever thought you wanted to be a builder… now is the time. http://www.businesswire.com/news/home/20171116005440/en/Real-Estate-Market-Supply-Falls-25-Straight An example of a dumb article and a desperate need to publish. https://www.realtor.com/news/trends/is-it-ok-to-real-estate-stalk/ Seattle to stay on top? https://www.forbes.com/sites/forbesrealestatecouncil/2017/11/14/why-seattle-real-estate-will-maintain-its-hot-streak/#7268f9de7422 Special Guest Gary Harper, Sharper Business Solutions
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60 min
April 1, 2018
Tom Olson "Good Success" Real Estate
FAR 088 Expected Air Date: 11/16/17 Announcements: NEW NEW! Call in to our comments line! 404-369-1018, extension 1. Leave your message.   Questions@flippingamericaradio.com Tell us where you’re from! Like us on Facebook. www.facebook.com/flippingamericamedia Check in with us every Tuesday for “Tuesdays at Two” Follow us on Twitter @FlippingAmerica IF WE READ YOUR QUESTION ON THE AIR, WE WILL SEND YOU A TICKET TO OUR NEXT FLIPSTARTER EVENT. THAT’S A $97 VALUE! News: Here’s a Stock Tip - Buy Homebuilder stocks! https://www.forbes.com/sites/investor/2017/11/12/will-tax-bill-produce-a-real-estate-debacle-or-is-a-boom-ahead/#667d0c2234c2 Is there a crash ahead? https://www.realtor.com/news/trends/10-years-recession-boom-times-back-real-estate/ Special Guest Tom Olson, The Olson Group and Good Success Emails: Questions@flippingamericaradio.com Tell us where you’re from! Melissa from Dallas, TX, “When are you bringing your training to Dallas?” Penny from Lansing, MI, “What would I need to do to get you to come train some people in Lansing MI?” Patty from Milwaukee, WI, “I have a friend who is a realtor. Could I just approach her about working for me as an investor?”
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60 min
April 1, 2018
Where are the Deals? Flipping America 87
FAR 087 Expected Air Date: 11/13/17 Announcements: NEW NEW! Call in to our comments line! 404-369-1018, extension 1. Leave your message.   Questions@flippingamericaradio.com Tell us where you’re from! Like us on Facebook. www.facebook.com/flippingamericamedia Check in with us every Tuesday for “Tuesdays at Two” Follow us on Twitter @FlippingAmerica IF WE READ YOUR QUESTION ON THE AIR, WE WILL SEND YOU A TICKET TO OUR NEXT FLIPSTARTER EVENT. THAT’S A $97 VALUE! News: Alibaba sets a one-day record. $25B in sales. 11/11 “holiday” https://www.bloomberg.com/news/articles/2017-11-12/alibaba-singles-day-goes-global-with-record-25-billion-in-sales Bitcoin has a two day slump. https://www.bloomberg.com/news/articles/2017-11-13/bitcoin-plunges-29-from-record-high-as-civil-war-intensifies Renting is the new wave of single family residential occupancy. https://www.usatoday.com/story/money/personalfinance/real-estate/2017/11/11/renting-homes-overtaking-housing-market-heres-why/845474001/ Disenchantment with the traditional “American dream” of home ownership Millenial mobility Student loan debt, down-payments tough to save for Shortages of inventory to buy The rise of million dollar zip codes! http://www.businessinsider.com/million-dollar-zip-codes-2017-9 Five thoughts about RE investing from a financial planner. http://www.businessinsider.com/financial-planner-what-to-know-before-investing-in-real-estate-2017-11 The 20 best RE investing markets in the US (We did this story back in the summer, but it bears repeating now) http://www.businessinsider.com/best-us-housing-markets-real-estate-investment-2017-7/#63043-maryland-heights-missouri-4 Good Schools (above the 70th percentile) Long term returns on rentals Minimal risk (lower up-front costs) Topics: Where to find the deals. Look at a TON Offer on a Half-Ton Buy a few pounds
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60 min
April 1, 2018
Working With Realtors, Flipping America 86
FAR 086 Expected Air Date: 11/11/17 Announcements: NEW NEW! Call in to our comments line! 404-369-1018, extension 1. Leave your message.   Questions@flippingamericaradio.com Tell us where you’re from! Like us on Facebook. www.facebook.com/flippingamericamedia Check in with us every Tuesday for “Tuesdays at Two” Follow us on Twitter @FlippingAmerica IF WE READ YOUR QUESTION ON THE AIR, WE WILL SEND YOU A TICKET TO OUR NEXT FLIPSTARTER EVENT. THAT’S A $97 VALUE! News: Happy Veterans Day Living quarters Office Space 7 Things potential buyers do NOT want to see in a house Motivational Thoughts for the day 10X by Grant Cardone 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! Debra, Calhoun, GA “How do I find the right realtor for my investment business?” Ross, Burlington, NC “I know I need a realtor but I’m not sure what to ask him or her when we meet to talk. Do you have a few questions or topics you can recommend?” Alvin, Jackson, MS, “What do I look for in a realtor?” Elsie, Long Beach CA, “I’m a realtor. Every time the real estate gurus come through town my office is beseiged with calls from new investors, all reading from the same script. They tell me they plan to buy 20 houses a year and so on and so forth. We have heard all of this before. They want us to spend time searching through the MLS to bring them deals. But we know they have no experience, usually no money, and it is rare that any of them will buy anything. They waste our time so we usually don’t call them back. The next thing you know they are saying bad things about us on social media. Please make it stop. We are professionals and take our business seriously. We don’t have time to put up with investor wannabes. We will work with seasoned investors of course and we love them, but need any advice you can give about responding to the new people.” David, Pittsburgh, PA “I’m a new realtor with (agency deleted), I want to work with investors and perhaps do some investing of my own. Where do I find serious investors? A lot of people at the local REIA are just dreamers and most of them will never do a deal.”
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60 min
March 29, 2018
Paul Rossano, Building Wealth Through Smart Leverage
FAR 136 Expected Air Date: 03/29/18 Opening Today we are going to talk about growing wealthy. It may surprise you that we don’t talk about it that much on this show. That’s because there is more to life than wealth. Wealth is no guarantee of joy and true satisfaction. Although if you’re going to be miserable, it might as well be on your own yacht as opposed to a borrowed canoe. Our guest Paul Rosanno teaches people how to be financially happy, which is different from merely being wealthy. He also is going to begin to lay out a path to financial happiness for us through his organization, FYNANC. Paul is the Director of Business Development for the company and spends his time traveling the country teaching not just financial literacy, but investing literacy. If you’ve seen my video on buying rental properties you know the basic buying formulas I use, but I don’t even touch on the subject of using leverage or debt for these properties. Why? Because I can’t get that information into a brief video. In order to use leverage correctly, you have to consider several data points and risk factors. That doesn’t fit into a short video.   So when some guru tells you that you can buy a home in just about any neighborhood, borrow 80% of the purchase price and it will cash-flow, he is either ignorant or just trying to sell you something. There are several components to competent borrowing and it’s just sophisticated enough that for many people it’s better not to borrow at all. However if you understand the principles Paul can teach you, you can minimize your risk, maximize your return, and invest confidently knowing you have covered the possible downside. This is they way to steadily create wealth, financial freedom, and as he calls it, financial happiness. How to Reach us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: My upcoming speaking engagements: April 5, Chattanooga REIA April 7, FlipStarter, Chattanooga April 9, Savannah REIA April 14, FlipStarter Savannah April 21, FlipStarter Atlanta Details on the website and at FlipStarterEvent.com News: https://www.washingtoncitypaper.com/news/housing-complex/article/20998209/families-get-the-worst-shake-in-dc-real-estate-market https://www.washingtoncitypaper.com/news/housing-complex/article/20998209/families-get-the-worst-shake-in-dc-real-estate-market http://www.southbmore.com/2018/03/26/a-look-at-south-baltimore-real-estate-market-stats-3/ https://therealdeal.com/2018/03/27/the-long-view-google-jpmorgan-and-the-new-age-of-super-rich-corporate-real-estate-buyers/ https://therealdeal.com/la/2018/03/27/chinese-investment-in-us-real-estate-fell-55-in-2017/ http://www.nuwireinvestor.com/best-markets-texas-real-estate-investment-2018/ http://thetimes-tribune.com/news/business/hands-off-investing-in-real-estate-1.2317747 https://www.housingwire.com/articles/42834-flat-fee-real-estate-agency-purplebricks-secures-177-million-investment-to-fund-us-growth https://www.forbes.com/sites/forbesrealestatecouncil/2018/03/27/the-advantages-of-investing-in-real-estate-for-big-tax-savings-in-2018/#46841f544b95 https://techcrunch.com/2018/03/22/skyline-ai-raises-3m-from-sequoia-capital-to-help-real-estate-investors-make-better-decisions/ https://www.usnews.com/higher-education/online-education/articles/2018-03-19/7-ways-you-can-study-real-estate-online https://www.forbes.com/sites/erincarlyle/2013/09/18/how-self-made-forbes-400-billionaires-earned-their-money/#54d6124831ae http://financialuproar.com/2015/04/24/do-90-of-millionaires-come-from-real-estate/
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60 min
March 26, 2018