Podcasts about civic financial

Hello and welcome to another episode of Spilling the Beans! This week, I'm hanging out with Whit McCarthy, one of the senior VPs at Civic Financial. Today we're talking about his entrepreneurial journey, how he's transitioning into his own investing (even doing some deals with me), and how to teach the next generation to be thankful and financially responsible. //SAY HI TO WHIT Instagram: @civicprivatemoney Facebook: /civicfs Website: https://www.civicfs.com YouTube:  @CIVIC Financial Services 

We've got another heavy hitter today. Whit McCarty is Senior VP at Civic Financial Services. Civic is a private/hard money operation specializing in financing for real estate investors. Both Dan and Troy have used Civic for loans on flips or rentals. Whit has tremendous experience in the private equity world and is happy to share his knowledge. He has also recently relocated from California to the Charleston area and is doing a lot of investing here himself. He has a pretty significant portfolio in the Charleston area ranging from STRs to single family homes to multifamily assets. We're sure you're going to really enjoy this episode. You can find Whit at https://www.civicfs.com --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/troy-gandee/support

“Act with Honor” is more than a catchphrase for the team at Civic Financial Services. In this episode, Kevin sat down with William Tessar and Whit McCarthy to discuss the company's history, the backstory behind their recent merger, and their unwavering dedication to company culture.

Welcome to Connect, a podcast featuring one-on-one interviews with some of the top movers-and-shakers in the mortgage industry. Our 45th episode features Bill Tessar, President, Civic Financial Services. This episode covers a variety of topics including: 4:56 - What’s your background?  What led you to Civic and the private lending space? 7:43 - So what is the state of private lending right now, considering the pandemic/economic challenges? 14:17 - Tell me about the culture at Civic – what sets it apart?  19:28 - What key strategies or tactics are private originators using to boost volume? 22:21 - What advantages does private lending provide to borrowers in uncertain times like these? 25:59 - What are the hottest products right now in private lending? 27:41 - What happens with the refi boom ends – what are the keys to success for originators in that environment? 31:05 - What about younger originators/brokers/correspondents entering the business – Why should they consider private lending instead of the more typical/traditional route (bank/IMB)? 34:56 - How crucial are the advocacy efforts of groups like the MBA/California MBA right now, and what would you say to a colleague considering membership? Thank you to our sponsor, Insellerate. To learn more visit insellerate.com or call 855-973-1646 To learn more about the California MBA visit www.cmba.com and don't forget to subscribe to our podcast and stay tuned for our next episode!

I had the pleasure of sitting down with Bill at the fabulous Scholb Brewery to discuss all things success: both in your personal and business lives.  His industry knowledge and people-first philosophy have resulted in several personal and company awards including: Glassdoor Top CEO, HousingWire Vanguard Award, No. 3 ranking for The Top 50 Best Companies to Work For by Mortgage Executive Magazine, No. 9 ranking for Best Workplaces in Financial & Insurance by Fortune Magazine, and Best Medium Workplace by Fortune Magazine.

Connor Hall is a Boston Based Certified Financial Professional and Partner at Civic Financial. He sat down with Kian at Waltham Works to discuss his career path, his day-to-day as a CFP and his thoughts on personal finance for the everyday person. We dive deep into how COVID-19 is changing the financial planning industry and the overall sentiment towards personal finance. It's a great conversation with a lot of gems. Connor gets into how to plan, strategize and execute on your financial future and what financial freedom means to him. We hope you enjoy! ******************** SUBSCRIBE to Waltham Works: https://www.youtube.com/channel/UC-LJD6_E0l4RnngH-NmD26w Visit Our Website: https://www.walthamworks.com to check out our co-working space and to book a complimentary visit. Instagram Page: https://www.instagram.com/waltham_works/ LinkedIn Page: https://www.linkedin.com/company/walthamworks About Waltham Works: Waltham Works is a boutique co-working space located in Greater Boston that aims to serve the best and brightest local talent, businesses, and community by providing a productive space for individuals and teams to productively thrive. We serve our members with a range of office options such as private offices, shared desks and conference rooms. No matter what you need, we have got you covered. --- Support this podcast: https://podcasters.spotify.com/pod/show/kian-nowrouzi/support

“Always be teaching and always be willing to accept change.” -Ivan Oberon   Today I am interviewing  Ivan Oberaon who is a Direct Lender and Top Producer with Civic Financial which is a private money lending company with a specialty in non owner occupied residential investment properties. Ivan’s background was in insurance before he began his investing career in 2011 as a hard money lender in southern California. He has presented at my FIBI Pasadena meeting and many other real estate meetings around the country.   Ivan Oberon: Was a licensed independent agent in insurance when he went through a major life changing event.  Desperate to find a solution, Ivan finally took his father's advice and went to a real estate conference that changed his life forever. Three months later he raised $500K and immediately began doing deals in southern california. He has performed over a thousand transactions, is a partner at a financial education firm and does turn key rentals in Kansas City and Dallas. Ivan has been featured in magazines like Private lender magazine, Community Investor, Realty 411, Investor Quarterly as well as Bloomberg radio.    TOPICS COVERED IN THE EPISODE How to add value to others Private money lending  The mindset needed for entrepreneurship  The decision to commit  How to make yourself more valuable  How to find your strong suite in investing  Mike Wrenn Brian Tracy  Keys to personal development  Turn key rental properties  How to turn mistakes into education  The power of your education and network    Listen now and find out how Ivan found his Real Estate Breakthrough!   The Real Estate Breakthrough Show with Christina Suter is where we talk about the reality of real estate, the mindset you need and the tips and tricks to get you moving forward in investing. Join us every week and learn everything you need to know to invest in real estate education and create real wealth for a lifetime.   Find our more about Ivan here:  Website IvanOberon.com Facebook Ivan Oberon  Email Ivan@ivanoberon.com Phone (text) 805-236-2647

The next two shows are probably the most concise, most complete breakdown of the numbers involved in income-producing properties you will EVER hear for free. You are going to want to listen to this multiple times and take good notes. I’m not kidding. As we break this down today and next time you are going to hear about the impact of the purchase price and the initial rent-ready repairs. You’re going to learn about  Interest Rates Loan Constant Expense ratio (or just a total of realistic expenses) You will learn the TIMMR acronym:  Taxes Insurance Maintenance Management Repairs  Cash on Cash Return (no leverage - just used to compare one property with another, but doesn’t tell the whole picture) Return on Cash (leverage) Return on Equity (tells me when I need to re-fi) Capitalization rate. Measure of your net income relative to the price of the asset.   For the first time ever on this show we are going to tell you how to look at risk.  Debt Service Coverage Ratio Break Even Ratio How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (76437)   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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFinancial FlipStarter Online! www.flipstarteronline.com Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.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. FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities .  “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. Topic: Rental Investing by the Numbers with Paul Rossano Questions:  Austin, Pittsburgh, PA “If my payment, including taxes and insurance is $1000 and my rental income is $1200, why am I not seeing income? In fact I think this is costing me money. The house is worth $140,000. I owe about $90,000 on it. The neighborhood is ok, I’ve had it for 3 years and no one stays more than a year. They move on to something better I guess. Quandre, Long Beach, CA “I’m not finding any income properties around here that fit the numbers you talk about. Is there such a thing as a “West Coast Exception?” Alonzo, San Antonio, TX “Why do you charge a fee to join the Buyers Club? I can’t really afford that.” Motivational Thoughts for the day “If life were predictable it would cease to be life, and be without flavor." - Eleanor Roosevelt

It really went anywhere. They were just offline for a couple of months during the pandemic. And they are not fully back yet, but on the way. Short-term rentals may be one of the best ways to create cash flow out there. You can almost always make more than the going rental rate for a property. There are ways to mess this up for sure, but there are ways to make bank. Join Rich Munroe as he shares with us the latter. Rich offers information, guidance, and services for AirBnB operators. This is an income producer you should not ignore. We will talk about why they are great, with examples of the money you can make, how to find them, how to set up, furnish, list, market, and use the platform.  What is a super host and how can you become one? Or do you even want this? How to maximize a property’s potential cash flow. $3000/month instead of $1200.  Ways to get into this business with very little cash up front.  How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (76437)   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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFinancial FlipStarter Online! www.flipstarteronline.com Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.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. FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities .  “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. News:  In the midst of a pandemic, home sales see the largest monthly increase ever recorded! https://www.cnbc.com/2020/07/22/existing-home-sales-surge-nearly-21percent-in-june-the-highest-monthly-gain-on-record.html In the meantime, rental growth is at a 10-yr low. https://www.cnbc.com/2020/07/21/coronavirus-pandemic-cuts-rent-growth-to-a-decade-low.html One of the coolest nerdy things I’ve seen in quite awhile. The Attom Table of Data Elements.  Topic: AirBnB with Rich Munroe Motivational Thoughts for the day If you're not making mistakes, then you're not doing anything. I'm positive that a doer makes mistakes. -John Wooden  

We are continuing our conversation today with Mark Dolfini and Glen Glasper on the topic of “Recession Investing.” You have some real wisdom and genuine experience coming your way, but perhaps the strongest moments of any show in recent memory are the closing statements by these two extraordinary gentlemen.  How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (76437)   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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFinancial FlipStarter Online! www.flipstarteronline.com Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.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. FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities.  “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. News:  In the midst of a pandemic, home sales see the largest monthly increase ever recorded! https://www.cnbc.com/2020/07/22/existing-home-sales-surge-nearly-21percent-in-june-the-highest-monthly-gain-on-record.html In the meantime, rental growth is at a 10-yr low. https://www.cnbc.com/2020/07/21/coronavirus-pandemic-cuts-rent-growth-to-a-decade-low.html One of the coolest nerdy things I’ve seen in quite awhile. The Attom Table of Data Elements.  Topic: Recession Investing, Mark Dolfini and Glen Glasper Motivational Thoughts for the day “Forgiveness is a very funny thing. It warms the heart and cools the sting.” William Arthur Ward  

We are in a recession. How does this change our behavior or our minds as real estate investors? What should be we watching? Where will the opportunities lie? Should we just move to the sideline until it passes? I’m joined today by two expert investors, Glenn Glasper and Mark Dolfini and we are going to answer these questions and much much more. Take heart - there IS opportunity out there. You just need to know what to look for and where to find it.  How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (76437)   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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFinancial FlipStarter Online! www.flipstarteronline.com Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.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. FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities .  “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. Topic: Recession Investing, Glenn Glasper and Mark Dolfini Some questions to get us started:  Motivational Thoughts for the day “The more generous we are, the more joyous we become. The more cooperative we are, the more valuable we become. The more enthusiastic we are, the more productive we become. The more serving we are, the more prosperous we become.” William Arthur Ward  

This is primarily a real estate show. But we also cover topics related to entrepreneurship, small business, and living a rich full life. One of our recent topics was “Multiple Income Streams.” I talked then about creating multiple streams of income from real estate, but today we are expanding that a bit into the buying and selling of businesses. I think what you’ll see in the next little while is a remarkable similarity between flipping properties and what is essentially the practice of flipping businesses. I’m joined today by Carl Allen who has made a career of this. And he’s going to talk to us about how, when, why, and where to get started. I’m going to be frank with you now - there are occasions on this show when I’ve finished an interview I call my wife and tell her, “this conversation was life-changing.” It doesn’t happen often, but today’s interview is one of those.  Carl Allen has worked on more than 330 transactions worth close to $48 billion. Over his 30-year career he has analyzed thousands of businesses big and small in 17 different countries across nearly every business sector, including technology, pharmaceuticals, transport and logistics, engineering, manufacturing, aerospace, consumer goods and services, business services, retail, professional services, finance, packaging, and corporate clothing. Carl first earned his reputation during his 16 years on Wall Street working for Bank of America, Hewlett-Packard, Forrester, and Gartner. There he advised some of the world’s largest corporations on investments, mergers, acquisitions, disposals, and restructuring... and helped hundreds of business owners raise both equity and debt financing.  Until he almost missed the birth of his second son… That’s when Carl quit the rat race and began brokering (and eventually buying) businesses for himself. Today he is considered one of the world’s premier experts on buying and financing small business acquisitions. He’s helping thousands of entrepreneurs all over the world buy existing, profitable small businesses that will immediately put money in their pockets. And best of all — he teaches them how to do this without using a dime of their own capital!  Visit www.dealmakerwealthsociety.com for more product information and Carl’s blog, Confessions of a Dealmaker. How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (76437)   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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFinancial FlipStarter Online! www.flipstarteronline.com Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.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. FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities .  “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. Topic: Buying and Selling Businesses, Carl Allen News The ONE factor driving home prices up - lack of inventory. https://www.realtor.com/research/june-2020-data/ I have been predicting a nationally averaged INCREASE of 2.8% in home prices for 2020. Here’s where we are at the mid-point. Can I just say I told you so? https://www.redfin.com/us-housing-market Questions Zach, Phoenix, AZ, “I’m looking at a couple of offers to re-fi an investment property. One is at 3 points and 8.5% on a 5/1 arm interest only. Payment 1289.17. The other is a 2 year 3pt 11.5% loan interest only. Payment $1,423.13. It seems obvious which is better, but the cheaper loan is loaded up with fees - almost $3000 in extra fees.  Deborah, Sarasota, FL “I moved here 18 months ago and left my home and my husband's former home in GA as rentals. We thought we were making a smart financial move, but right now, not so sure. We’ve had trouble with the tenants in both houses and it’s a long drive to go to Atlanta for eviction court. Both houses are paid for so the extra money is nice, but we are not sure it’s worth the hassle. What suggestions do you have?” William, Atlanta, GA “I heard you talking about the returns on the inexpensive houses in the BOR plan and you were talking about 30-40%. When I calculated I came up with 70-80%. I’m going to assume I’m the one that’s wrong, but where did I go wrong? House is 9,000, the payment is 500. That comes to 67% in my calculator. Are you underselling? Rowena, Pittsburgh, PA, “How do you rehab houses around the country?” Antwoin, Long Beach, CA “How do I build a buyers’ list?” Ellen, Athens TN, “I want to get into this so much. I’ve seen it on TV, now I’ve found your show. But I'm in the middle of nowhere. Is this even possible for me?  Motivational Thoughts for the day “Wise are those who learn that the bottom line doesn’t always have to be their top priority.” William Arthur Ward    

Today we are going to conclude our conversation with Darlene Coquerel regarding foreclosures.  The past two episodes have been great and there is no let down today. Then in the last segment I’m going to provide a condensed version of a new video we are working on called “How To Think.” Yes, we will be engaging in a little meta-cognition later on but don’t worry - it won’t hurt. In fact, I firmly believe it will help. We say “I’ll think about it” but then what do we do? Do you have any other tools in your thinking tool box besides a pros and cons list? You definitely want to hear this segment because I don’t believe your intelligence is fixed. I don’t believe your capacity to learn is set in stone. Even if you struggled in school I believe you can improve your thinking ability with some knowledge and practice. Thinking is a skill and must be informed, developed, practiced, and applied. Today I’m going to give you a preview about how to do this.  How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (76437)   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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFinancial FlipStarter Online! www.flipstarteronline.com Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.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. FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities .  “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. News: Interest rates dipped slightly and are still at an all time low. The average 30 year fixed now under 3% The best places to live in the US. https://realestate.usnews.com/places/rankings/best-places-to-retire Topic: Darlene Coquerel “How to Buy Foreclosures” pt 3 Motivational Thoughts for the day “Opportunities are like sunrises. If you wait too long you miss them.” William Arthur Ward  

We continue our call with Darlene Coquerel, the Queen of Foreclosures, and take questions from the live audience. If you would like to be a part of the live audience, either in person or online, be sure to visit www.flippingamericareia.com to learn the topics for the upcoming meetings and register to be on the call. The calls are recorded a bit in advance of their release as a show and podcast, but the news and questions are always coming from what’s in the in box on the day we put the rest of the show together.  How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (76437)   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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFinancial FlipStarter Online! www.flipstarteronline.com Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.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. FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities .  “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. News:  These ZIP codes had the highest gross profits for home flippers in Q1 2020. https://www.attomdata.com/news/market-trends/figuresfriday/top-10-u-s-zip-codes-with-highest-home-flipping-profits-in-q1-2020/ Topic: How to Buy Foreclosures, Darlene Coquerel Foreclosure information for all 50 states. https://www.nolo.com/legal-encyclopedia/50-state-chart-key-aspects-state-foreclosure-law.html Information about foreclosure laws. https://www.hg.org/foreclosure.html Nearly 8% of all mortgages are in forbearance. https://www.cnbc.com/2020/07/10/coronavirus-mortgage-bailout-sees-biggest-one-week-decline-yet.html How we can avoid repeating 2008. https://hbr.org/2020/07/how-banks-can-avoid-a-repeat-of-the-2008-foreclosure-crisis Questions:  Send questions to questions@rogerblankenship.com, or leave message at rogerblankenship.com, or call 877-55 ROGER (76437)  ext 1. Petra, Pittsburgh, PA “Doesn’t it seem like we are preying on the misfortunes of others to buy foreclosures?” Quinton, Milwaukee, WI “If I buy an REO is that the same as buying a foreclosure?  Roberta, Las Vegas, NV “When  I start searching for foreclosures, several websites come up in the results. I know they are ads, but I don’t know who I can trust. Do you have a list of trustworthy sources for buying foreclosures?” Motivational Thought for the day “Wise are those who learn that the bottom line doesn’t always have to be their top priority.” William Arthur Ward  

Some are saying that we are facing another housing crisis and the first sign of it will be exploding defaults and foreclosures after the bans are lifted. I DO agree there will be at least a bump in defaults and foreclosures. Why? Because some of the business that shut down will remain shut and there is a percentage of people out there who will not be able to find equivalent employment. This is going to create an opportunity for those who know how to put deals together, solve borrower problems, and/or those who have the cash to bid at the courthouse steps. So I went out and got the Queen of Foreclosures, Darlene Coquerel, to join us for a call with the Flipping America REIA. It has been one of the most popular calls we’ve ever done and the content is going to take a couple of episodes to share with you, perhaps more. I’ve bought quite a few foreclosures myself - over 700 - but Darlene once bought that many in a single day. Between the two of us we know a thing or two about the process. And we are going to get that to you in just a moment.  Music intro I don’t quite believe our housing market will be wrecked and here are my reasons why:  Most of the forbearance agreements are allowing the forgiven amounts to be added to the end of the loans and therefore when prior employment returns, ability to repay returns in like manner.  We started this pandemic with a critical housing shortage. New home construction has declined, thus exacerbating the situation. Interest rates are at an all time low. Increased demand and low interest rates may keep price pressure upward.  There may be a bump in the number of foreclosures but this will be offset by the factors I just mentioned.  How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (76437)   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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFinancial FlipStarter Online! www.flipstarteronline.com Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.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. FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities .  “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. News:  These ZIP codes had the highest gross profits for home flippers in Q1 2020. https://www.attomdata.com/news/market-trends/figuresfriday/top-10-u-s-zip-codes-with-highest-home-flipping-profits-in-q1-2020/ Topic: How to Buy Foreclosures, Darlene Coquerel Foreclosure information for all 50 states. https://www.nolo.com/legal-encyclopedia/50-state-chart-key-aspects-state-foreclosure-law.html Information about foreclosure laws. https://www.hg.org/foreclosure.html Nearly 8% of all mortgages are in forbearance. https://www.cnbc.com/2020/07/10/coronavirus-mortgage-bailout-sees-biggest-one-week-decline-yet.html How we can avoid repeating 2008. https://hbr.org/2020/07/how-banks-can-avoid-a-repeat-of-the-2008-foreclosure-crisis Questions:  Send questions to questions@rogerblankenship.com, or leave message at rogerblankenship.com, or call 877-55 ROGER (76437)  ext 1. Melvin, Port St. Lucie, FL “How much money should I take to the courthouse to bid on a foreclosure?” Petra, Pittsburgh, PA “Doesn’t it seem like we are preying on the misfortunes of others to buy foreclosures?” Motivational Thought for the day “God gave you a gift of 86,400 seconds today. Have you used one to say 'thank you?'” William Arthur Ward  

You spend your energy building up your business, your real estate holdings, and finally you are set. Except for perhaps one thing. The thing about having money is, there are unscrupulous people out there who spend time trying to figure out how to get their hands on other people’s money. If you don’t think they will come after you, think again. And then there are things that just happen. That’s called “life.” You do not want bad news in one of your properties to affect your other properties and businesses, right? Protect yourself. Today we have Brian Bradley coming along to talk to us about how to put together a plan that includes LLCs, holding companies, trusts, and off-shore companies. It can get a little complicated, but it’s also something you can understand when your life situation warrants this.  How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (76437)   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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFinancial FlipStarter Online! www.flipstarteronline.com Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.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. FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities .  “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. News:  The most affordable counties in the US. https://www.attomdata.com/news/market-trends/figuresfriday/top-10-u-s-counties-where-buying-a-home-is-most-affordable/ Good article talking about home buying and why your primary home shouldn’t be considered an investment. It’s more like a low or no-interest savings account. https://www.investopedia.com/articles/mortages-real-estate/11/the-truth-about-the-real-estate-market.asp Topic: Asset Protection, Brian Bradley Bradley Legal Corp.  www.btblegal.com brian@btblegal.com 1. What really is asset protection?  2. What has changed in the legal system over the decades that has made asset protection so important?  3. What are asset protection trusts and what are the pros and cons of setting them up Domestically vs Offshore? And can you actually combine the both together for a “best of both worlds”?  4. What are common misconceptions and problems you see people are doing or have?  5. With your clients, what are some real world results that you have seen? Gross is vanity, net is sanity cash is king. Questions: Arlene, Villages of Ocala, FL “My husband and I retired and moved here from Milwaukee five years ago. We have 14 rental properties up there. We live off of our pensions and the income from those properties. He passed away a year ago and I don’t know what to do. A friend said I should tune in to your show so I did on WAMF 97.7. I hope you can help me. Michael my husband did most of the work concerning the rentals. I don’t really know anything about them and don’t want to. I get a nice income from them, but I worry about making repairs or hiring a handyman. One tenant is having a problem with their furnace and called me a lot over the past few months. Do you have any suggestions?” Luther, Long Beach, CA “I’ve heard about the 1% rule - even heard you talking about it. It’s just not possible here. A decent 3br house costs more than half a mil and rents for about 2500-3000. I can afford to buy one, but I don’t think it will make money. What do you recommend?” Alyssa, Birmingham, AL “When you buy rental properties, do you stick to your own neighborhood where you know the values or do you branch out to other parts of town where the homes might be cheaper but the neighborhoods sketchier? We live in a part of Birmingham called Homewood and the homes are more expensive here.” Motivational Thoughts for the day “The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.” William Arthur Ward

This time we conclude the call from last time talking about Property Management. When we left off we were sharing some crazy stories about tenants and just about to start talking about crazy owners. We are visiting with Matthew Whitaker from GK Houses and Christopher Ladd from Great Jones, two large property management companies. They are answering my questions and some from the audience on the call and laying the wisdom on us.  How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (76437)   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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFinancial FlipStarter Online! www.flipstarteronline.com Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.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. FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities .  “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. News:  We saw this coming, but it’s coming back. https://www.attomdata.com/news/market-trends/home-sales-prices/home-prices-show-first-signs-of-stalling-amid-pandemic-in-some-areas-of-the-nation/ Another large credible research firm says home prices will drop this year. I am predicting otherwise. Great data here for all you stats junkies. I conclude differently based on additional data.  https://www.noradarealestate.com/blog/housing-market-predictions/  Topic: Property Management, Matthew and Christopher  Some questions to get us started:  Most of us buy our first rental house and attempt to manage it ourselves. What are some of the most important things we need to know if we plan to self-manage? What are some of the biggest pitfalls for landlords self-managing? If we only have a few rentals and self-manage, do we really need to know all the regulations about fair housing rules and so forth or are we exempt? Where can we go to learn the housing rules to make sure we are in compliance? What are some ways I can find good tenants for my properties? How do I appropriately and legally vet tenant applicants?  How can I learn whether a prospective tenant has been evicted? You can’t fully control people - what is the craziest thing you’ve seen a tenant do (that you are allowed to talk about) Where can the average person get a good lease to use? What some typical problems tenants have and some ways to prevent them? How do you draw the line between normal wear and tear and reason to retain security deposit? At what point does it make sense to hire a management company? Just in case I have a property in a city where you are not located :) what criteria should i use in selecting a property management company? When vetting a management company, what are some red flags? What does the rest of this year look like for rental property demand? How has managing rentals impacted your view of humanity in general? What are your top 3 pointers for landlords or potential landlords? Questions: Alison, Fort Worth, TX “I’m a married mom, work part-time. My husband is a cop. We are comfortable, but don’t have a lot of extra money. We have saved about $30,000 to invest in real estate. We are thinking about those inexpensive houses you talk about. But we wonder it that’s the best course of action for us right now.” Henry, Knoxville, TN “Flip houses or own rentals. Which is best?” Sandra, Louisville, KY “What is the best way to determine if a property is a deal? Is there some sort of calculator or program for that?” Louisa, Pittsburgh, PA “I’m interested in starting a local Flipping America Chapter. What do I do?”  Motivational Thoughts for the day “The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.” William Arthur Ward  

You buy income properties at least partially for the income. Your property management choices can have a dramatic effect on whether you actually HAVE any income left after expenses. Is this something you can do yourself? Do you need to hire outside management? If so, when? We will talk about: Why most people have a bad experience when they rent out a house. How to recover from that bad experience. The basics of property management The rules. Marketing for tenants Managing tenants Getting rid of bad tenants Creating long-term tenant relationships Available resources online How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (76437)   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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFinancial FlipStarter Online! www.flipstarteronline.com Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.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. FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities .  “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. Topic: Property Management, Matthew and Christopher  Some questions to get us started:  Most of us buy our first rental house and attempt to manage it ourselves. What are some of the most important things we need to know if we plan to self-manage? What are some of the biggest pitfalls for landlords self-managing? If we only have a few rentals and self-manage, do we really need to know all the regulations about fair housing rules and so forth or are we exempt? Where can we go to learn the housing rules to make sure we are in compliance? What are some ways I can find good tenants for my properties? How do I appropriately and legally vet tenant applicants?  How can I learn whether a prospective tenant has been evicted? You can’t fully control people - what is the craziest thing you’ve seen a tenant do (that you are allowed to talk about) Where can the average person get a good lease to use? What some typical problems tenants have and some ways to prevent them? How do you draw the line between normal wear and tear and reason to retain security deposit? At what point does it make sense to hire a management company? Just in case I have a property in a city where you are not located :) what criteria should i use in selecting a property management company? When vetting a management company, what are some red flags? What does the rest of this year look like for rental property demand? How has managing rentals impacted your view of humanity in general? What are your top 3 pointers for landlords or potential landlords? Motivational Thoughts for the day “Adversity causes some to break. It causes others to break records.” William Arthur Ward  

More than thirty million Americans are currently unemployed. Many of them do not have several months of cash reserves for emergencies. And many are turning to real estate as an opportunity to help them no longer rely on their employer for all of their income. Some desire to break from the corporate world and become professional real estate investors.  It’s tough to do when you’re broke.  Real estate takes money. But the great news is, it doesn’t have to be YOUR money. There is a river of money flowing from buyers to sellers. Today we are going to teach you how to dip a toe in, and then wade out into that river with your buckets in hand. How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (76437)   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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFinancial FlipStarter Online! www.flipstarteronline.com Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.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. FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities .  “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. Topic: Broke to Booming, with Darlene Coquerel Motivational Thoughts for the day “I don’t run away from a challenge because I am afraid. Instead, I run towards it because the only way to escape fear is to trample it beneath your foot.”  Nadia Comaneci  

Today we conclude the conversation we started last time with Dr. David Janssen. We are talking about personality types, learning styles, and other characteristics that create our Divine Design. What does this have to do with real estate investing? I’m glad you asked. If we know ourselves well, we will know there are certain things we shouldn’t try. But that’s ok, because there are a lot of other options out there for us.  As we know ourselves we begin to understand why other people act the way they do and gradually we come to accept then appreciate and then deeply value those differences. This is a vital step in maturity. Master this and you will unlock relationship secrets that can set your life and your business on fire.  How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (76437)   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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFinancial FlipStarter Online! www.flipstarteronline.com Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.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. FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities .  “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. Topic: Divine Design, with Dr. David Janssen Motivational Thoughts for the day “You can’t be brave if you’ve only had wonderful things happen to you.” Mary Tyler Moore

“Know Thyself.” If you can do this, you have a much better chance of succeeding in life and work. You also have a much better chance of knowing, valuing, and relating to other people. To know yourself is the beginning of understanding the differences and learning to value those differences. In just a few moments we are going to join a recent call we did for the Flipping America REIA. Our guest is Dr. David Janssen, a specialist in the area of personality make-up. His theory is something he calls Divine Design which is a combination of personality, learning styles, training and experience, upbringing and environment, and much more. Truly a fascinating call and while we were going along, I was trying my best to show you how understanding your own tendencies can help you select (or NOT select) certain real estate techniques or strategies.  How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (76437)   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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFinancial FlipStarter Online! www.flipstarteronline.com Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.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. FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities .  “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. Topic:  News: Consumer Finance Protection Bureau is moving forward with its proposal to amend the qualified mortgage definition in Regulation Z to replace the DTI limit of 43% with a price-based approach https://www.housingwire.com/articles/cfpb-to-eliminate-dti-requirement-from-qualified-mortgage/?utm_campaign=Newsletter%20-%20Daily%20Download&utm_medium=email&_hsmi=90014163&_hsenc=p2ANqtz-9m3xda5F9B-Sc5jgsf6qcbe6qqpVCtvK4GFuIiBnFWO1xFYflKeXztYQBDUhRkssYEeilyKWcZ8o-OaW7oUGjjTJd_MNrxRewfIyIf71qaEmCuTd4&utm_content=90014163&utm_source=hs_email Sales are up! https://www.housingwire.com/articles/sales-of-new-houses-spike-in-may-on-low-rates/?utm_campaign=Newsletter%20-%20Daily%20Download&utm_medium=email&_hsmi=90098130&_hsenc=p2ANqtz-_mw-ddjcZxHgRPMI3GgFmBCT6noV6b5-LFTvqF3FmJ7zMnbql8fiZNR7EnHvVhMVAboa16J0A6ELS067mfOburMUpg7H4QLpbKuC2pFkRSpkRkGyY&utm_content=90098130&utm_source=hs_email There are things you won’t see when taking a virtual tour: https://realestate.usnews.com/real-estate/articles/things-to-consider-when-taking-a-virtual-home-tour Thinking about REITS? Consider these: https://money.usnews.com/investing/real-estate-investments/slideshows/best-apartment-reits-to-own-for-a-rental-market-slump Questions: Send your questions to questions@rogerblankenship.com Motivational Thoughts for the day “One of the most important gifts a parent can give a child is the gift of accepting that child's uniqueness. Fred Rogers

Would you ever consider investing with someone who has never lost money on a deal? That would certainly get my attention. I can’t make that claim - I’ve lost money on a few. But today I’m going to have on the show a young man who so far is batting 1000. He’s never lost money on a deal. And he’s been at it for awhile. Blake Templeton is an international motivational speaker, author of the new book ‘The Solomon Way’, With 14 years in business, and 300+ transactions, not one single investor has ever lost money. They are on track to have $100M under management within the next 12 months. I’ve never had someone do this on the show either, but Blake is going to tell us how the wisdom of King Solomon is a model upon which  to build a Financial Fortress We are also going to discuss his  3 Dimensional Investment strategy, talk about what that means and how we can use it. All this and more coming right up.  How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (76437)   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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFinancial FlipStarter Online! www.flipstarteronline.com Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.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. FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities .  “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. Topic:  News: There are things you won’t see when taking a virtual tour: https://realestate.usnews.com/real-estate/articles/things-to-consider-when-taking-a-virtual-home-tour Thinking about REITS? Consider these: https://money.usnews.com/investing/real-estate-investments/slideshows/best-apartment-reits-to-own-for-a-rental-market-slump Can you trust a USA Today poll? https://www.usatoday.com/story/money/2020/04/25/coronavirus-housing-market-pessimism-recession-home-buyers-sellers/3026595001/ It’s not an agenda or bias, it’s just a failure to understand the bigger picture.  Mystery: Home sales volume drops, but prices remain steady? Brilliant: many homeowners who lose their jobs and incomes will struggle to hold onto their homes You cannot declare a housing “trend” with data from any one-month period. This has never been more true than during the sudden economic upheaval created by the coronavirus and worldwide lockdown. We should probably set aside our normal macro-economic models for awhile and just see what happens when things open back up. Unprecedented events like this create difficulty for prognosticators. So the experts tend to draw on what they know, or from prior events they see as somehow similar or analogous to the current situation. I’m choosing to focus not on cyclical schedules, or stats produced one month after a worldwide shutdown. Instead, I focus on market fundamentals. Interest rates, Avg. days on market, foreclosure and default rates, available inventory, new home starts, and the economy as a whole. The last two are challenged right now. But our calls to investors and realtors on the streets and in the trenches say the market remains strong.  Questions: Send your questions to questions@rogerblankenship.com Toya, Atlanta, GA “With a subject too can you do what you want with the property sell, rent, etc.” Armond, Macon, GA “I’ve heard from some long-time brokers that most banks are wise to the veil of a land trust when doing sub-to, and it’s simpler to just disclose the transfer of ownership to the lender upfront when changing/starting the home insurance policy. What do you guys think? Anthony, Atlanta, GA “When someone is on a ~30 day foreclosure timeline and has a 2nd lien that you want to short, is it generally feasible to get the short sale done in that short time frame? Normal short sales take months usually if I’m not mistaken.
.” Jessie, Chattanooga, TN “How can I get one of those $10,000 houses you speak of?” Ben, Columbus, GA “What’s the best way for a non-real estate agent to get comps?” Motivational Thoughts for the day “A wise man will make more opportunities than he finds.” Francis Bacon    

It’s OK to start small. But if you start well, and build disciplines around expenses, cash flow and reinvestment of profits, your business will grow and grow until it becomes a juggernaut, which is an unstoppable force, not a bad guy in Marvel comics.  Jason Pero was born and raised in Erie, PA and attended college at nearby Westminster. After college Jason began a sales career in pharmaceutical and medical device sales. He started his real estate investing career in 2001 when he and his wife purchased their first duplex. He built a portfolio of real estate rental properties while working a career as a medical sales representative. He was able to leave his job in 2012 as the portfolio grew to nearly 300 units. Currently Jason owns around 900 rental apartments. He is the President of his local landlord Apartment Association and a frequent guest on podcasts and occasional speaker at real estate investing conferences. Jason enjoys coaching and mentoring both seasoned and beginner real estate investors. He continues to grow his real estate business but enjoys spending his free time working out, traveling, relaxing with family and friends, attending sporting events and concerts. How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (76437)   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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFinancial Bay Mountain Capital, lending in the southeastern region FlipStarter Online! www.flipstarteronline.com The online course “Show Me the Money” bit.ly/dealfundingcourse 56firedome Coaching Course: Six Months, begins July 8, reg $5967, use code hopflipjump for 50% off for a limited time.  Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.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. FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities .  “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. News: Based on internet searches, it appears that people are looking to leave the cities for the suburbs in light of the pandemic. https://www.cnbc.com/2020/06/18/coronavirus-update-people-flee-cities-to-live-in-suburbs.html Here’s a new trend: The Back Yard Tiny House or Studio Shed https://www.cnbc.com/video/2020/06/18/backyard-office-spaces-gaining-popularity-after-coronavirus-pandemic.html Five things to watch in housing https://www.forbes.com/sites/dimawilliams/2020/05/15/five-indicators-to-watch-in-the-housing-market-recovery-from-the-coronavirus/#2a32b7e35f06 Questions: Send your questions to questions@rogerblankenship.com Greg, Knoxville, TN “New listener here. Please tell me more about the Flipping America REIA.” Motivational Thoughts for the day “If we cannot end now our differences, at least we can help make the world safe for diversity. For, in the final analysis, our most basic common link is that we all inhabit this small planet. We all breathe the same air. We all cherish our children's future. And we are all mortal. ― John Kennedy [Commencement Address at American University, June 10 1963]    

Today we conclude the presentation from last time about how to build your personal network. Plus I have a bunch of questions from you and I’m going to give you some answers.  How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (76437)   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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFinancial Bay Mountain Capital, lending in the southeastern region FlipStarter Online! www.flipstarteronline.com The online course “Show Me the Money” bit.ly/dealfundingcourse 56firedome Coaching Course: Six Months, begins July 8, reg $5967, use code hopflipjump for 50% off for a limited time.  Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.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. FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities .  “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. News: Quicken Loans has filed for an IPO. Could be the the biggest of 2020. Mortgage rates are at 2.9% - the lowest in history! Credit availability is still tight - toughest in 6 years - across all loan types.  Mortgage applications are up for the 8th straight week. Part one: why we won’t see a spike in foreclosures https://www.housingwire.com/articles/pulse-does-the-mortgage-industry-view-foreclosure-as-a-last-resort/ Nice explanation of how lots of foreclosures damage value. https://www.housingwire.com/articles/pulse-how-should-we-think-about-foreclosures/ The answer is “yes” https://www.housingwire.com/articles/pulse-will-servicers-be-able-to-flatten-the-curve-in-foreclosures/?utm_medium=email&_hsmi=89019253&_hsenc=p2ANqtz-88RdfAMYsnRkdgeO868tu2jqH2ccT1q_CtAjF4T0RA7j1aRZpn8dxfpx2LKSq1vOSt3gaEKC9wujKQZF7wY36e6NesRyBSorJyACtGTROhSShwVAU&utm_content=89019253&utm_source=hs_email Paul Centopani from National Mortgage News is predicting home prices will recover fastest in cities that have a lot of IT and finance jobs.  Housing Starts rose 4.3% in May, which sounds good until you hear that a 22% increase had been expected.  CEO of Opimus says the US economy is bouncing back nicely. Housing is going to lead the economic recovery. https://www.cnbc.com/2020/06/16/coronavirus-update-homebuilder-sentiment-posts-biggest-monthly-surge-ever.html The average lease of a Manhattan apartment plunged 62% year over year in May. High end apartment lease prices are dropping all over the country.  Questions: Send your questions to questions@rogerblankenship.com Jay, Atlanta, GA “Where can I get a list of foreclosures?” Sandy, Mentone, AL “How would you approach real estate investing if you live in a small town?” Daniel, Jacksonville, FL “I hear your prophecy about foreclosures and home prices and I think you’re right. But I wonder what this means for me as an investor. Should I be doing something about this info?”  Carolyn, Boulder, CO “Do you have suggestions for actually seeing a home when the seller is concerned about the pandemic?” Marvin, Washington, DC “Should I start with wholesaling and move up to fix and flips?” Aaron, Harrisburg, PA “Thanks for this information and for answering everyone’s questions. I’m wondering where you think the best opportunities are for new investors?” John, Pittsburgh, PA, “We have a house that is just over 100 years old. The foundation is good. We can make a little money if we remodel what is here and sell. If we add 600 more square feet, out back of the house, we can create a cool floor plan and sell for a lot more. Theoretically we will make a lot more, but it will take a lot longer to do. I think there are unforeseen problems with that plan, but I don’t know what they could be. Can you help me here? Willa Fae, New Port Richey, FL “I have 12 rental houses. Seven of them are paid off. The other five are more than half paid off. I watched a webinar the other day and the gentleman was teaching about returns on rental properties. He said something about return on equity I didn’t fully understand, but I get the idea I should be re-financing all my properties to get the best return. I don’t know what he meant, but I know I’d be putting less money in my pocket every month and I need this to live on. I’m 74 years old and my husband died ten years ago.” Motivational Thoughts for the day “If we cannot end now our differences, at least we can help make the world safe for diversity. For, in the final analysis, our most basic common link is that we all inhabit this small planet. We all breathe the same air. We all cherish our children's future. And we are all mortal. ― John Kennedy [Commencement Address at American University, June 10 1963]  

They say your Network is your Net Worth. That may be true and if it is, building your network could be one of the most important things you will do. If you make yourself attractive or credible enough people will reach out to you. I’m going to show you how to accomplish this and no, it’s not a diet and workout lesson. I’m also going to talk through the steps and key principles for intentionally growing your network with the kind of people that will help you grow your net worth. How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (76437)   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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFinancial Bay Mountain Capital, lending in the southeastern region FlipStarter Online! www.flipstarteronline.com The online course “Show Me the Money” bit.ly/dealfundingcourse 56firedome Coaching Course: Six Months, begins July 8, reg $5967, use code hopflipjump for 50% off for a limited time.  Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.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. FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities .  “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. Questions: Send your questions to questions@rogerblankenship.com Motivational Thoughts for the day “A wise man can learn more from a foolish question than a fool can learn from a wise answer.” ― Bruce Lee  

Today we are concluding our conversation with Chris Larsen about how to make a million dollars in real estate. There are multiple paths. We’ve laid out a path in single family and in multi-family for you, but there are other options as well.   How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (76437)   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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFinancial Bay Mountain Capital, lending in the southeastern region FlipStarter Online! www.flipstarteronline.com The online course “Show Me the Money” bit.ly/dealfundingcourse 56firedome Coaching Course: Six Months, begins July 8, reg $5967, use code hopflipjump for 50% off for a limited time.  Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.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. FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities .  “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. Topic: Investing with Your Self-Directed IRA News: https://www.worldpropertyjournal.com/real-estate-news/united-states/los-angeles-real-estate-news/california-real-estate-news-california-association-of-realtors-california-home-sales-april-2020-impact-of-the-coronavirus-outbreak-on-california-home-sales-11961.php https://www.worldpropertyjournal.com/real-estate-news/united-states/denver-real-estate-news/real-estate-news-pending-home-sales-index-april-2020-phsi-for-april-lawrence-yun-national-association-of-realtors-11964.php https://www.worldpropertyjournal.com/real-estate-news/united-states/seattle/real-estate-news-zillow-april-2020-real-estate-market-report-coronavirus-impact-on-home-rental-prices-covid-19-home-sales-report-11960.php https://www.worldpropertyjournal.com/real-estate-news/united-states/ Questions: Send your questions to questions@rogerblankenship.com Motivational Thoughts for the day Nelson Mandela: “The greatest glory in living lies not in never falling, but in rising up every time we fall.”    

Your life is a combination of repeated tasks and special projects. Repeated tasks include all of your regular weekly, daily and monthly routines. These are essential to your life and while they may have some variety (i.e. beans instead of fish for supper), their repetition minimizes the need for special or extra-ordinary intervention from your brain. Special projects are those things that interrupt or supplement the normal routine. Weddings, major purchases, moving, special events, and business launches are examples. At work you will have a similar combination of routine activities that keep the business moving forward and special projects that might start something new, improve some routine process, or be some other type of one off or seldom repeated set of tasks. These are projects.  You have projects at work, you have projects at home. You HAD projects in school, but hopefully at some point you learned some basics of project management so you can now avoid the mediocre results of deadline-induced all-nighters.  This is the topic today and the premise is this: If you learn to manage a project well and apply principles of good project management to all projects, your work and your personal life will improve. Today I’m helping you push to become the best version of yourself.  How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (76437)   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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFinancial Bay Mountain Capital, lending in the southeastern region FlipStarter Online! www.flipstarteronline.com The online course “Show Me the Money” bit.ly/dealfundingcourse 56firedome Coaching Course: Six Months, begins July 8, reg $5967, use code hopflipjump for 50% off for a limited time.  Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.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. FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities .  “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. Topic: Investing with Your Self-Directed IRA News: The coronavirus is killing Cali RE sales.  https://www.worldpropertyjournal.com/real-estate-news/united-states/los-angeles-real-estate-news/california-real-estate-news-california-association-of-realtors-california-home-sales-april-2020-impact-of-the-coronavirus-outbreak-on-california-home-sales-11961.php https://www.worldpropertyjournal.com/real-estate-news/united-states/denver-real-estate-news/real-estate-news-pending-home-sales-index-april-2020-phsi-for-april-lawrence-yun-national-association-of-realtors-11964.php https://www.worldpropertyjournal.com/real-estate-news/united-states/seattle/real-estate-news-zillow-april-2020-real-estate-market-report-coronavirus-impact-on-home-rental-prices-covid-19-home-sales-report-11960.php https://www.worldpropertyjournal.com/real-estate-news/united-states/ Questions: Send your questions to questions@rogerblankenship.com  Adrian, Tampa “What is your thinking now about the rebound curve of the recovery?” Motivational Thoughts for the day “When you think about stopping, think about why you started.” -Anon 

They say there are two inevitabilities in this life: Death and Taxes. We won’t tell you that you can completely avoid taxes, but you can minimize them with the right strategies and there are some cases where you can avoid taxes all together. The Self-Directed IRA is our topic for tonight and in a few moments we are going to show you how you can make a million dollars or even more in your Self-Directed IRA and not pay taxes. Mike Ventry is joining us. He is the Director of Business Development for American IRA, one of our sponsors. We are joining the call in just a moment and will proceed with limited commercial interruption as we cover this important topic.  How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (76437)   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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFinancial Bay Mountain Capital, lending in the southeastern region FlipStarter Online! www.flipstarteronline.com The online course “Show Me the Money” bit.ly/dealfundingcourse 56firedome Coaching Course: Six Months, begins July 8, reg $5967, use code hopflipjump for 50% off for a limited time.  Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.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. FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities .  “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. Topic: Investing with Your Self-Directed IRA News: https://www.worldpropertyjournal.com/real-estate-news/united-states/los-angeles-real-estate-news/california-real-estate-news-california-association-of-realtors-california-home-sales-april-2020-impact-of-the-coronavirus-outbreak-on-california-home-sales-11961.php https://www.worldpropertyjournal.com/real-estate-news/united-states/denver-real-estate-news/real-estate-news-pending-home-sales-index-april-2020-phsi-for-april-lawrence-yun-national-association-of-realtors-11964.php https://www.worldpropertyjournal.com/real-estate-news/united-states/seattle/real-estate-news-zillow-april-2020-real-estate-market-report-coronavirus-impact-on-home-rental-prices-covid-19-home-sales-report-11960.php https://www.worldpropertyjournal.com/real-estate-news/united-states/ Motivational Thoughts for the day “One of the secrets of growing wealth is compounding interest. With a Roth IRA, you can compound the return on the money that would have otherwise been sent to the IRS. This is brilliance.” – Roger Blankenship

Martin Pacheco (LinkedIn) breaks down his journey from Florida, to CA law school, and eventually sales and entrepreneurship. We  talked through his early sales experiences, hustling, asking, getting to decision-makers, as well as his current role that he's loving at Civic Financial.  We got into the upside of having the Broker Brews clan too, friends that can relate to the sales struggles, as well as help you build business.Martin Pacheco focuses on financing for real estate projects nationwide, throughout the US, involving 1-4 residential unites.  He has 1 and 2 year fix and flip programs available at great rates.  You can find more information about Martin and Civic Finacial at his home page below:Martin Pacheco, Civic Finacial (site)

Imagine standing in front of someone you need to impress (a date?, investors, potential clients, home-sellers?) with complete confidence. We’re not talking about false bravado or an over-inflated ego disconnected from reality. We’re talking about confidence that comes from preparation, skill development, knowledge, experience, and a thorough understanding of your weaknesses and what you have done to address them.  Confident people do better in business and in life. They generally report a higher level of happiness and life satisfaction. Some people just seem to be brimming with natural confidence. It’s tempting to think they have always been that way, but life experiences and choices shape each of us into the person we are. No one is born more confident than anyone else. The good news is you can gain confidence at any stage in your life. It’s never too late to learn the skills, begin the behaviors, and see results. Realistic confidence is not necessarily connected to your looks, your weight, your brains, but very much connected to a realistic self-understanding and awareness. If you are lacking a little bit of confidence we are going to help you tonight. How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (76437)   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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFinancial Bay Mountain Capital, lending in the southeastern region FlipStarter Online! www.flipstarteronline.com The online course “Show Me the Money” bit.ly/dealfundingcourse 56firedome Coaching Course: Six Months, begins July 8, reg $5967, use code hopflipjump for 50% off for a limited time.  Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.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. FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities .  “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. Topic: Confidence News: https://www.worldpropertyjournal.com/real-estate-news/united-states/los-angeles-real-estate-news/california-real-estate-news-california-association-of-realtors-california-home-sales-april-2020-impact-of-the-coronavirus-outbreak-on-california-home-sales-11961.php https://www.worldpropertyjournal.com/real-estate-news/united-states/denver-real-estate-news/real-estate-news-pending-home-sales-index-april-2020-phsi-for-april-lawrence-yun-national-association-of-realtors-11964.php https://www.worldpropertyjournal.com/real-estate-news/united-states/seattle/real-estate-news-zillow-april-2020-real-estate-market-report-coronavirus-impact-on-home-rental-prices-covid-19-home-sales-report-11960.php https://www.worldpropertyjournal.com/real-estate-news/united-states/ Questions: Send your questions to questions@rogerblankenship.com Motivational Thoughts for the day It is confidence in our bodies, minds, and spirits that allows us to keep looking for new adventures. — Oprah Winfrey If you hear a voice within you say ‘you cannot paint,’ then by all means paint, and that voice will be silenced. –Vincent Van Gogh Love yourself first and everything else falls into line. You really have to love yourself to get anything done in this world. – Lucille Ball Just believe in yourself. Even if you don’t, pretend that you do and, at some point, you will. – Venus Williams

We continue today in our conversation about Creative Deal Structures with Don Derosa. As we left off last time we were about to have a pile of wisdom and experience laid on us. In a few minutes I’m going to start the recording up again - I’ll back it up a little bit so you have some context, but Don is going to share some key principles with you about getting these deals done.   How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (76437)   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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFinancial Bay Mountain Capital, lending in the southeastern region FlipStarter Online! www.flipstarteronline.com The online course “Show Me the Money” bit.ly/dealfundingcourse 56firedome Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.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. FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities .  “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. Topic: Creative Deal Structuring News: https://www.worldpropertyjournal.com/real-estate-news/united-states/los-angeles-real-estate-news/california-real-estate-news-california-association-of-realtors-california-home-sales-april-2020-impact-of-the-coronavirus-outbreak-on-california-home-sales-11961.php https://www.worldpropertyjournal.com/real-estate-news/united-states/denver-real-estate-news/real-estate-news-pending-home-sales-index-april-2020-phsi-for-april-lawrence-yun-national-association-of-realtors-11964.php https://www.worldpropertyjournal.com/real-estate-news/united-states/seattle/real-estate-news-zillow-april-2020-real-estate-market-report-coronavirus-impact-on-home-rental-prices-covid-19-home-sales-report-11960.php https://www.worldpropertyjournal.com/real-estate-news/united-states/ Questions: Send your questions to questions@rogerblankenship.com Motivational Thoughts for the day “Landlords grow rich in their sleep without working, risking or economising.” John Stuart Mill, English philosopher and economist

In the coming months we are going to see a bump in the number of distressed homeowners who need an offer “right now.” Many homeowners do not have enough equity or the ability to discount their houses low enough for there to be an opportunity for an investor to make money. Unless you know how to creatively structure deals to minimize your cash outlays. That’s the topic for the next couple of episodes. Don DeRosa buys a dozen or more houses every year and most of the time he buys using a creative deal structure. He’s joining us today and next time to talk about how this is done.  We will be talking about subject-to, mortgage wraps, lease sandwiches, and other options that will allow you to not only say yes to more deals, but get more sellers to say yes to your offers.  How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (76437)   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.    Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFinancial Bay Mountain Capital, lending in the southeastern region FlipStarter Online! www.flipstarteronline.com The online course “Show Me the Money” bit.ly/dealfundingcourse 56firedome Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.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. FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities .  “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. News: The data behind the rebounding housing market.  https://www.housingwire.com/articles/is-the-housing-market-already-rebounding-from-covid-19/?utm_medium=email&_hsmi=88519514&_hsenc=p2ANqtz-8OlEbOlgHJcSWCTHkpfY4T7P7snHTuJ5kEX4fG__LG7ZoLE3A-RYuoduQeX62Q6B5A97gjnsMYbb0jPV6-WN92d4QIC2yBWtC2yfatOpofvk9eFW4&utm_content=88519514&utm_source=hs_email Questions: Send your questions to questions@rogerblankenship.com Elwood, Knoxville, TN “Would you recommend a person start out with single family homes and move up to apartments?” Patrick, Pittsburgh, PA “How do I buy one of those ten thousand dollar houses I hear you talking about. Where do you find them?  bit.ly/rogersbuyerslist Carmen, Long Beach California, “How is the real estate market even surviving? No one is allowed to look at homes or show them. I don’t think people are going to buy their next home without having set foot in it first. But from what I hear, the real estate market is doing ok. How is this so?” Motivational Thoughts for the day “Ninety percent of all millionaires become so through owning real estate. More money has been made in real estate than in all industrial investments combined. The wise young man or wage earner of today invests his money in real estate.” Andrew Carnegie – Scottish businessman and philanthropist

Today we conclude the conversation with Ramon Tookes and John Durham on the topic we titled, “Some Like it Hot”. We are looking for hot markets, hot products in those markets, and hot deals. We also took a number of questions from the audience during the call and we are sharing it all with you here. The first two installments from this call were part of the previous two episodes. You’ll want to listen to Episodes 369 and 370 at some point. We will join the conversation in a few moments. Then we have some news updates and some of your questions, which we will address.  How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (76437)   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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFinancial FlipStarter Online! www.flipstarteronline.com Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.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. FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities .  “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. News: The data behind the rebounding housing market.  https://www.housingwire.com/articles/is-the-housing-market-already-rebounding-from-covid-19/?utm_medium=email&_hsmi=88519514&_hsenc=p2ANqtz-8OlEbOlgHJcSWCTHkpfY4T7P7snHTuJ5kEX4fG__LG7ZoLE3A-RYuoduQeX62Q6B5A97gjnsMYbb0jPV6-WN92d4QIC2yBWtC2yfatOpofvk9eFW4&utm_content=88519514&utm_source=hs_email Questions: Send your questions to questions@rogerblankenship.com Motivational Thoughts for the day “Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.” Warren Buffet

We are continuing the conversation today with Ramon Tookes and John Durham on the topic we titled, “Some Like it Hot”. We are looking for hot markets, hot products in those markets, and hot deals. We also took a number of questions from the audience during the call and we are sharing it all with you here. We will join the conversation in a few moments. This part two of three parts. If you missed the beginning of the conversation be sure at some point to go back and listen to Episode 369.  How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (76437)   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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFinancial FlipStarter Online! www.flipstarteronline.com Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.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. FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities .  “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. Topic: "Hot Markets, Hot Products, Hot Deals" Questions: Send your questions to questions@rogerblankenship.com Shamika, Knoxville, TN, “Where do I need to start to get $1000 month cash flow?No previous real estate experience  Want to start building a portfolio. Desired- Buy n hold In a Class B neighborhood ( Knoxx county) Farragut /North Knoxville Ideal-Multi family 4x unit. My hubby is retired. I work overseas 80k year.We own our property Credit is 700+ Please advise.” Thks Shamika (Knoxville, Tn) Grady, Jacksonville, FL “I’ve been laid off due to the coronavirus. I’ve been delivering food for grubhub and uber eats but this is not a career path. How can I get started into what you do?” Motivational Thoughts for the day “The major fortunes in America have been made in land.” John D. Rockefeller

I believe every meeting we hold and every call we conduct provides great information that you need and want. We almost always, in my humble opinion, we hit that mark. I take pride in the fact that this show is carefully researched, thoughtfully constructed, and reasonably presented to add incredible value to the life of anyone interested in real estate investing. But occasionally we move the needle from really good to amazing. And that’s what happened on a recent call with Ramon Tookes and John Durham. The topic was “Some Like it Hot”. The conversation was informative, inspirational, entertaining, and long. The call went on for a record two hours - the longest in the brief history of the Flipping America REIA. There’s so much content here I think it will fill most of the next three episodes of Flipping America. Brace yourselves America, we are going to hear a quick message from our sponsor Civic Financial and then it’s on to the call.    How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (76437)   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.    Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFinancial FlipStarter Online! www.flipstarteronline.com Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.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. FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities .  “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. Topic: Hot Markets, Hot Products, Hot Deals Questions: Send your questions to questions@rogerblankenship.com Motivational Thoughts for the day “The right to private property meant at the same time the right and duty to be personally concerned about your own well-being, to be personally concerned about your family’s income, to be personally concerned about your future. This is hard work.” Mikhail Khodorkovsky

We continue today the conversation we started last time with Mark Dolfini and Tom Zeeb. We are talking about the recovery after the coronavirus shutdowns end and where we think real estate will be. Mark is a buy and hold investor in Indianapolis and Tom is a wholesaler in Washington DC. It’s tough to predict outcomes from something unprecedented like this, but we are going to try anyway.   How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (76437)   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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFinancial FlipStarter Online! www.flipstarteronline.com Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.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. FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities .  “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. News: Further evidence that we are NOT going to see a spike in foreclosures. https://www.housingwire.com/articles/fannie-mae-freddie-mac-borrowers-in-forbearance-can-defer-all-missed-payments-until-the-end-of-their-loan/?utm_source=hs_email&utm_medium=email&utm_content=87898438&_hsenc=p2ANqtz--TOyf49q9tKoSRwCQZhMjj8FrtTlEy1a1l29czCyewXxduD53BdaAcgjom3a15E4Oa1liBWTxCLZRzdD4XXZ5LTujqNx28dRCXynXQS9Do2798-fY&_hsmi=87898438 Questions: Send your questions to questions@rogerblankenship.com Motivational Thoughts for the day “In any market, in any country, there are developers who make money. So I say all of this doom and gloom, but there will always be people who make money, because people always want homes.” Sarah Beeny

The economy can’t stay closed forever. And when it reopens it might not open all at once everywhere. Many experts now are beginning to believe that real estate will lead a resurgence that could impact the entire economy. What shape will it take? We are joined today by my good friends Tom Zeeb and Mark Dolfini. These are high volume investors from Washington DC and Indianapolis respectively and they will weigh in on this important topic.  How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (76437)   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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFinancial FlipStarter Online! www.flipstarteronline.com Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.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. FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities .  “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. News: Further evidence that we are NOT going to see a spike in foreclosures. https://www.housingwire.com/articles/fannie-mae-freddie-mac-borrowers-in-forbearance-can-defer-all-missed-payments-until-the-end-of-their-loan/?utm_source=hs_email&utm_medium=email&utm_content=87898438&_hsenc=p2ANqtz--TOyf49q9tKoSRwCQZhMjj8FrtTlEy1a1l29czCyewXxduD53BdaAcgjom3a15E4Oa1liBWTxCLZRzdD4XXZ5LTujqNx28dRCXynXQS9Do2798-fY&_hsmi=87898438 Questions: Send your questions to questions@rogerblankenship.com Motivational Thoughts for the day “Real estate is an imperishable asset, ever increasing in value. It is the most solid security that human ingenuity has devised. It is the basis of all security and about the only indestructible security.” Russell Sage, American Financier and Politician

We sometimes take technology for granted in our world. I’m not going to turn this into your daddy’s talk about how he had to walk to school every day 5 miles, uphill each way in rain or snow. But I will tell you that when I started in this business TVs were not flat and phones didn’t take pictures or send emails. Yes things have come a long way and this is not just to tell you that I’m old or I’ve been at this a long time. Both of those are true, but the point is, technological advances make it easier for us to do our jobs as real estate investors. I hope i don’t get to the point (as I know some of my friends have) where I say “I just don’t want to learn another new technology.” That statement ultimately deprives us of conveniences and advances. Besides, one way to fight dementia is to keep learning and keep the brain active. So there.  Today we are joined by technology whiz Nick Baldo. Nick started young - just out of college in his hometown of Buffalo, NY and hit the ground running with today’s tech. In time he realized that not everyone made the best use of the technology and seeing a need, he created a niche and another income stream. This my friends is how you do it. Add related businesses and generate income. But this isn’t the Multiple Income Streams show - this is the Real Estate Technology show, so we will get to that in just a few minutes.  How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (76437)   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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFinancial FlipStarter Online! www.flipstarteronline.com Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.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. FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities .  “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. News: The shut-downs continue across the country blamed on the corona virus, but now I see an element of politics being injected into the process. Please be a part of what makes this country great. Be a risk-taker. Get out there - do your business. After the initial sheltering worked to keep our hospitals from being overwhelmed, we should assume the mantle of courageous Americans that has forged our incredible history and get this country back to work. Let’s continue to protect the medically fragile, but let us never give in to fear or to the taking away of our freedoms because of someone else’s fear. Ultimately, there is a good chance we will all contract the virus. There’s also a good chance you already have and had no symptoms. Did you know this will be the case with 99% of people who contract the virus? 1% of those people exposed will show some type of significant health problem and of that 1%, 10% will die. It is tragic when anyone’s life is cut short. But it happens tens of thousands of times every single day. You have more risk going anywhere in a car. Since when did our great country become a people who cower in fear? Since when did our people let industries fail and the economy crash because they are too afraid to get sick? The odds of dying are still 100% and if that scares you to think about, I invite you to think about it hard. You and I are going to die someday - maybe soon - maybe a long time from now. It is a blessing that we do not know exactly when. But it also behooves us to prepare now for that one undeniable certainty that comes with this life. Get ready. Now - that’s the worst that can happen. The next worst is to starve and suffer a slow death because you were too frightened to provide for yourself. “Ah but the government has money,” you say. “And the government will help me.” you say. The government has run out of our money. The first stimulus package borrowed from our children and grandchildren. The next one will be borrowing from our great grandchildren. We may dig a debt hole so deep we can never as a nation escape. What will happen then? The government will ultimately have to break some of its promises. We are not in danger of becoming another Greece or Venezuela in the next year or so, but why engage in behavior that leads down that path? Let’s just stop. Face our fears, get back to work, maybe we get sick, maybe we die. But let’s live while we live in joy and purpose not cowering in our homes in fear.  Questions: Send your questions to questions@rogerblankenship.com Rodel, Atlanta, GA “Do you know a hard money lender that will let the homeowner carry a second mortgage?” Anthony, Macon, GA “How do you find comp values?” Suzanne, Lakeland, FL “What do I need in order to start a Flipping America REIA group here?” Margaret, Maryville, TN “There is already a group called Flipping Knoxville that is a part of your REIA. It’s too far for me to drive for a meeting. Could I start a group here in Maryville? Daniel, Atlanta, GA “What are the territory rules for the Flipping America REIA? I want to start a group, but I bet you already have a group in Atlanta.”  Motivational Thoughts for the day “If you don’t own a home, buy one. If you own a home, buy another one. If you own two homes, buy a third. And, lend your relatives the money to buy a home.” John Paulson, investor and multi-billionaire

I believe every meeting we hold and every call we conduct provides great information that you need and want. We almost always, in my humble opinion, we hit that mark. I take pride in the fact that this show is carefully researched, thoughtfully constructed, and reasonably presented to add incredible value to the life of anyone interested in real estate investing. But occasionally we move the needle from really good to amazing. And that’s what happened on a recent call with Ramon Tookes and John Durham. The topic was “Some Like it Hot”. The conversation was informative, inspirational, entertaining, and long. The call went on for a record two hours - the longest in the brief history of the Flipping America REIA. There’s so much content here I think it will fill most of the next three episodes of Flipping America. Brace yourselves America, we are going to hear a quick message from our sponsor Civic Financial and then it’s on to the call.

We continue the conversation today about whether it is time to buy, to sell, to hold, or what to do. My guests are Gordon Catts and Chris Larsen. This is the second and concluding portion of the conversation. If you missed the first part, be sure to download Show number 364 and give it a listen when you can.  Later on I’m going to reveal the top six months for home sales in the United States. If we have time we have a few questions from the audience to deal with as well.  How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (76437)   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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFinancial FlipStarter Online! www.flipstarteronline.com Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.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. FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities .  “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. News: The six BEST months to sell a home https://magazine.realtor/daily-news/2020/05/06/study-reveals-the-best-months-to-sell-a-home (hint: Feb-July, but not in that order) This is one reason I don’t think we will see a huge jump in foreclosures later this year. https://magazine.realtor/daily-news/2020/05/06/as-forbearance-confusion-persists-help-set-owners-straight Questions: Send your questions to questions@rogerblankenship.com Carol, “I signed up to be on one of the recent calls, but was unable to attend. Is there a replay or an ability to view the video?” Marilyn, Jacksonville, FL, Jim, Atlanta, GA, Maureen, Peg, Dick, Andrew, Melanie, Frank, Jeff, and another Jeff,  “What do you see happening with residential prices the rest of 2020?” Motivational Thoughts for the day “Land monopoly is not only monopoly, but it is by far the greatest of monopolies; it is a perpetual monopoly, and it is the mother of all other forms of monopoly.” Winston Churchill

The Pandemic of 2020 rages on. And raging perhaps louder than the disease itself is the on-going debate about when and how the economy should open. Protesters are out in multiple metropolitan areas, jobless claims went up another 3 million last week - nearly 35 million now unemployed. Yet the Governor of California this morning announced that the state will remain locked down until there is a vaccine. How about that for a ransom note? Did you know that the vast majority of viruses in existence have no vaccine. A successful vaccine for any virus is the exception rather than the rule. They still don’t have a vaccine for HIV, the virus that causes AIDS. They don’t really have a vaccine for the flu. They give you a flu shot which is somewhat effective in protecting you from the flu that was prevalent last year in Asia. If it were an effective vaccine, you wouldn’t need another one every year. Yes I know it mutates, but that’s the problem. Virus vaccines are remarkably difficult. I’m not saying they won’t develop one for COVID-19, but I think it may not be wise to hold forty million people hostage until they do.  Those of us that look at the markets, attempting to read the signs, predict and prepare for the future have a difficult job right now as well. We have never seen anything like this. So what should we be doing with our real estate? It's a strange and unpredictable time in the market. Should we buy? Should we Sell? What should we buy? What should we sell? Perhaps we should sit tight? What are the experts saying? You can learn a lot by getting inside the mind of an experienced investor -- someone who has seen the market come and go and knows how to respond. Today we begin a two-part show with two prolific investors on a panel to talk about this. Gordon Catts has been an investor since 1970. He has seen just about everything there is to see in real estate and lived to tell the tale. He’s bought just about every type of asset imaginable and he’s working on a deal right now that will be amazing, but I’m under a non-disclosure agreement, so we will just have to tell you all about it when he wraps it up. It’s big. He is my friend, my mentor, and my go-to guy for perspective on real estate. Chris Larsen is a new friend, recently on this show and the author of the book, “Next-Level Income.” His grasp of analysis is keen and his attention to detail is rare. I read his book and was deeply impressed with his grasp of the small details and their impact on the big picture. They joined me recently for a panel discussion for the Flipping America REIA, a national REIA with a local focus. After launching in January we now have twelve local chapters, mostly across the southeast, but if you’re interested in leading one, let’s talk! Go to bit.ly/talktoroger to schedule an appointment.  How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (76437)   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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFinancial FlipStarter Online! www.flipstarteronline.com Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.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. FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities .  “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. News: Wells Fargo and Chase have shut down HELOCs. https://www.housingwire.com/articles/wells-fargo-joins-chase-in-halting-helocs/?utm_medium=email&_hsmi=87301868&_hsenc=p2ANqtz-8ieyJjGGEgtd-kV-KpAGEzrABLcg5YNhA4QUqyFMATa5yWy_ctq2pkxUD4vqU_8EMvAW9-&utm_content=87301868&utm_source=hs_email Kylie Jenner pays $15M for an empty lot. https://www.realtor.com/news/celebrity-real-estate/kylie-jenner-pays-15m-for-empty-lot-hidden-hills/ Redfin and Offerpad are back to ibuying and zillow will be soon. OpenDoor next week. https://www.housingwire.com/articles/redfinnow-resumes-ibuying-and-zillow-offers-isnt-far-behind/ Speaking of Zillow, they have predicted a dip in home prices in 2020. I’m seeing it the other way. I think we will have a slight rise in prices - around 2% for 2020 as there is still a pent-up demand and a shortage of inventory. Evidence of pent-up demand: https://magazine.realtor/daily-news/2020/05/06/cooped-up-unhappy-young-professionals-target-new-homes Expect a surge in listings wherever pandemic restrictions are lifted. https://magazine.realtor/daily-news/2020/05/07/homeowners-are-preparing-to-list-after-the-pandemic The six BEST months to sell a home https://magazine.realtor/daily-news/2020/05/06/study-reveals-the-best-months-to-sell-a-home (hint: Feb-July, but not in that order) Questions: Send your questions to questions@rogerblankenship.com Toya, Atlanta, GA “With a subject-to can you do what you want with the property sell, rent, etc.” Armond, Macon, GA “I’ve heard from some long-time brokers that most banks are wise to the veil of a land trust when doing sub-to, and it’s simpler to just disclose the transfer of ownership to the lender upfront when changing/starting the home insurance policy. What do you guys think? Anthony, Atlanta, GA “When someone is on a ~30 day foreclosure timeline and has a 2nd lien that you want to short, is it generally feasible to get the short sale done in that short time frame? Normal short sales take months usually if I’m not mistaken.
.” Cameron, Pittsburgh, PA, “How are you showing your properties right now?” Faith, Tampa, FL, “We have a flip in a hot area where young adults buy. My husband and I have been arguing about the exterior. The house is a beige stucco. I wanted to paint it a playful Florida color, but he overruled me. Now he’s saying the front door is going to be black because it’s basic and neutral. I’m begging you to convince him to let me put a pop of color in there.” Motivational Thoughts for the day “A wise man will make more opportunities than he finds.” Francis Bacon

We talk all the time here on Flipping America about getting a hard money loan. It could be that you’re listening and are vaguely familiar with the idea, but it gets kind of complicated quickly when you start talking about all of the variables. Interest rate, term, points, loan-to-value, purchase money, rehab money, percentages of this or that. On today’s episode I’m speaking with Nate Wolosiewicz who runs the Atlanta office for Civic Financial. Together we are going to look at a project and run the actual numbers. We will break down for you the costs, the features, and the benefits of funding your projects this way. And you are going to be amazed at the return - even with the relatively high cost of capital and the relatively large amount of cash it will require from you. The benefits still FAR outweigh the drawbacks.  How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (76437)   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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFinancial FlipStarter Online! www.flipstarteronline.com Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.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. FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities .  “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. Topic: Hard Money Loans - Nate Wolosiewicz News: Who is Mr. Cooper and why do I feel like I know him? https://www.housingwire.com/articles/mr-cooper-has-nearly-200000-customers-in-forbearance-but-the-nonbank-isnt-worried-about-liquidity-anymore/?utm_medium=email&_hsmi=87256294&_hsenc=p2ANqtz-_234zREUTydEUuADdvjX3wyMVCqMH2mX0VwKQbz1PW-bPGv1XUZcMkb5GTZjIwbl7vbYKs&utm_content=87256294&utm_source=hs_email (spoiler: formerly known as NationStar Mortgage) Jobless claims topped 30 million this week.  This will help with lender liquidity. https://www.housingwire.com/articles/fannie-mae-freddie-mac-will-begin-buying-some-mortgages-that-are-in-forbearance/?utm_campaign=Newsletter%20-%20HousingWire%20Breaking%20Alerts&utm_source=hs_email&utm_medium=email&utm_content=86695889&_hsenc=p2ANqtz-_l-0bZG7tuXENLe_8VF1G8PprqbmnkJ6cekvjN7JRI9zgp5__ptls5ENymHwEMopYCj9JpIvOt5CbyeI4uQvlDZpDqvpFUT9hWdNYXIb5UzMjtHK4&_hsmi=86695889 Questions: Send your questions to questions@rogerblankenship.com Francis, Jacksonville, FL “Would you put a new roof on a house when the current one looks a little shabby but doesn’t leak and has 10 years left on it’s rating? It’s asphalt shingles. The bad appearance is caused by tree sap, so I’ve been told. Could we just power wash it instead?”  Lily, Villages of Ocala, FL “Our rental income has slowed to a trickle. We don’t need this money to survive but we do need it in order to enjoy life a little. What will happen coming out of this?” Carmen, Tampa, FL “If you were young, broke, and wanting to get into this business right now, what would you do?” Austin, Las Vegas, “I do ok wholesaling houses, but I feel like I’m not progressing. I work my butt off and I can’t stop because then I won’t have any income. What am I doing wrong?” Motivational Thoughts for the day “A wise man will make more opportunities than he finds.” Francis Bacon

“Most people don’t recognize opportunity because it often comes disguised as hard work.” “Opportunity paged me, beeped me, linked me, emailed me, faxed me and spammed me, but I was expecting it to knock.”  How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (76437)   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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFinancial FlipStarter Online! www.flipstarteronline.com Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.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. FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities .  “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. Questions: Send your questions to questions@rogerblankenship.com Neil, Atlanta, GA “when a wholesaler sends you a tri-plex with fix n rent turn to 4 plex for all in for 230k plus 97k for rehab 4K rents, is this a deal?  or turn in to a single family for $117 k rehab for 415k ARV would this be a deal? Vicky, Florence, SC “Should we hold off buying flips right now? What will the selling environment be like under lockdown?” Jim, Flint, MI “Our Governor just extended our state of emergency. My tenants are calling to say they don’t have to pay any rent for the next few months and there’s nothing I can do about it. What would you suggest I say?” Caroline, Muncie, IN “I’m following your inexpensive house idea and have a buyer who is wiring me the down payment. Unfortunately they missed the cutoff yesterday (this was a Friday) and I won’t receive the money until Monday. They have provided the receipt for the wire from their bank and it looks legit. Would you let them move in? They want to move this weekend.  Sanders, Toronto, “What are the tax implications for me if I buy properties in Detroit?” Reggie, Lakeland, FL “I saw you on Facebook the other day. Interesting stuff. You were talking about income streams. How do you create multiple income streams all from real estate?” Gemma, Madison, WI, “What are some things I should or should not say to a realtor when first getting into the business?” Francis, Jacksonville, FL “Would you put a new roof on a house when the current one looks a little shabby but doesn’t leak and has 10 years left on it’s rating? It’s asphalt shingles. The bad appearance is caused by tree sap, so I’ve been told. Could we just power wash it instead?”  Motivational Thoughts for the day “I guess I just got lucky. I’m lucky my alarm clock goes off at 5 am so I can get to the gym, get a full workout and still be at the office before everyone else. I’m lucky my car can connect with the internet and play educational recordings during my commute. I’m lucky my office has electricity so I can turn on the lights and stay late. I’m lucky that I’m not interested in TV but would rather enrich my life through reading and research. I’m lucky that I learned to push on even when life gets difficult or I just don’t feel like it on a given day. I’m just lucky like that.”

Tom Peters said, ““If a window of opportunity appears, don't pull down the shade.” No one listening to this show right now is responsible for the pandemic that is destroying the worldwide economy while taking fewer lives than the seasonal flu. It’s a strange and challenging time, but it is precisely during times like these that shrewd people sense the changing opportunities, respond to meet them and make or grow their fortunes. And it is precisely during times like these that people who are close-minded, stuck in a rut, or simply resistant to change will suffer. Today we begin a conversation about the opportunities presented by the world-wide pandemic. We want to be careful to emphasize “ethical opportunism.” We are not here to prey on the misfortunes of others, but there are going to be people that need solutions. It is possible to help people, provide solutions, and make money at the same time. And this is exactly how we should present ourselves - real estate solutions providers.  “Most people don’t recognize opportunity because it often comes disguised as hard work.” “Opportunity paged me, beeped me, linked me, emailed me, faxed me and spammed me, but I was expecting it to knock.”  How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (76437)   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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFinancial FlipStarter Online! www.flipstarteronline.com Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.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. FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities .  “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. News: March mortgage delinquency up. No surprise. https://www.foxbusiness.com/real-estate/coronavirus-causes-spike-in-march-mortgage-delinquency-rate-for-the-first-time-in-decades Questions: Send your questions to questions@rogerblankenship.com Alison, Marietta, GA, “You seem to have several websites you mention from time to time. Can you go through them and explain the purpose for each one?” Warren, Macon, GA “What’s the best podcast platform to listen to your show?” Selena, Pittsburgh, PA “How do you figure out what to offer when you’re trying to propose a subject-to and they have a lot of equity?”  Motivational Thoughts for the day “I guess I just got lucky. I’m lucky my alarm clock goes off at 5 am so I can get to the gym, get a full workout and still be at the office before everyone else. I’m lucky my car can connect with the internet and play educational recordings during my commute. I’m lucky my office has electricity so I can turn on the lights and stay late. I’m lucky that I’m not interested in TV but would rather enrich my life through reading and research. I’m lucky that I learned to push on even when life gets difficult or I just don’t feel like it on a given day. I’m just lucky like that.” “A wise man will make more opportunities than he finds.” Francis Bacon

No one really knows the future, but with real estate, there are a number of signposts that can predict where we are heading. Today’s show is a call from last week as part of the Flipping America REIA group. On the call we talked about the real estate leading indicators, what they tell us, and how to get the data. Plus I provide a link for everyone listening to grab your own copy of this report - I’m not even asking for your email address - it’s a simple link on my website. You’re welcome.  If you are paying attention, real estate moves just slowly enough you can adjust course and make wise decisions.  What are the leading indicators for the real estate market? Where do we get the data? How should we interpret the data? What makes the real estate market trends different from stock market trends? What does it mean to be a "nimble" real estate investor and how do you accomplish that? We will answer these questions and more on the call. How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (76437)   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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFinancial FlipStarter Online! www.flipstarteronline.com Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.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. FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities .  “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. Topic: Market Indicators. Is the Market Going to Crash?  In a word. No. It’s going to adjust. There will be opportunities, but it’s not going to crash.  Real Estate Leading Indicators Indicators 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? Housing Data Report from realtor.com Realtor.com Data  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/ Average Days on Market. Saturation rate. Impact: Informs our Offer price due to hold time. 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 US Gov Housing Starts from Trading Economics Housing Starts Realty Trac foreclosure data AttomData foreclosure data CoreLogic foreclosure data Statista Mortgage Default and foreclosure rates: Google: “Foreclosure Data” and “Default Rate” Bankrate NerdWallet Interest Rates: Impact - Rates determine relative affordability. Can impact sales. National Economic Conditions Unemployment rate Weekly Jobless Claim Data UC San Diego Data Center Overall Economic Conditions: Strong Economy, low unemployment = buyers. Weak or uncertain economy will slow market down.  Turner Cost Index NAHB Economics Construction Costs: Affect our rehab and holding costs, impact our initial offer. Resources: Housing Data Report from realtor.com Realtor.com Data  Redfin Data Center National Association of Realtors Research Data NAR Research and Statistics Zillow Data Market Data for Realtors (Subscription required) Housing Starts Questions: Send your questions to questions@rogerblankenship.com Janice, Canada, “1. how important is a well-designed space when buying and selling? The final price range correlates with the relative importance of design. Generally the higher the price the more important design is. 2. Who generally chooses the fixtures and finishes? I tend to let my realtor in that market tell me what the house needs in terms of color / finishes / etc. On houses in the luxury market I sometimes hire a designer to work with the realtor in making the right choices. In all cases I'm the decision-maker (or my project manager) because we have to balance the design considerations with the budget. Motivational Thoughts for the day “Experience is simply the name we give our mistakes.” -Oscar Wilde

No one really knows what is about to happen - to the economy as a whole and especially in real estate. Uncertainty can lead to anxiety which does not necessarily contribute to good investing decisions. Joe Thompson has been around real estate in various forms for many years and has seen markets come and go. He will be joining me to discuss the current situation and possibilities for real estate investors looking forward. We will talk about How this economy is different from the economy shifts we’ve seen before? What signs should investors be watching for? If single family sales tank, where is the opportunity for real estate investors? How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (76437)   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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFinancial FlipStarter Online! www.flipstarteronline.com Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.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. FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities .  “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. Guest: Joe Thompson How is this economy different from the economy shifts you’ve seen before? No way to see it coming. 87 crash - could see it coming. 2008 crash. Some saw it coming How is it similar? Domino effect. Retail - then landlord,  Liquidity crisis self-storage - good investment Mobile home parks  What signs should investors be watching for? Don’t spend anything you don’t actually have to. I might need this money later.  Price points of the people who still have jobs. What income levels and where are the markets?  Geographic location and/or asset type. Start in single family - mistakes are less costly.  Talk about the connection between the overall economy and the housing market. If single family sales tank, where is the opportunity for real estate investors? If the rental market implodes, same question.  What will get a “buy recommendation” in 30 days? 90 days? Motivational Thoughts for the day “The mistake is thinking that there can be an antidote to the uncertainty.” ― David Levithan

Today we are talking about a form of passive real estate income that can create cash-flow, tax advantages, and build wealth. I’m talking about turn-key rentals and today we have two of the best - Jack Gibson and Jeff Schecter. A Turn-key rental is a property you buy from someone that has already been rehabbed and is ready for the rental market. It may already be rented! A good turn-key supplier can recommend a property manager or two. The best don’t do the property management. They have enough to do with locating and rehabbing the properties for you and this helps you avoid possible conflicts of interest between construction, maintenance, and management. Jack and Jeff have been in this business for years. They approach their craft with integrity, understanding of the market and awareness of your needs. If you are on the hunt for cash-flowing rentals - if you are pulling money out of the equity markets and looking for a safe place to put it, you are going to want to connect with them.   How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (76437)   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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFinancial FlipStarter Online! www.flipstarteronline.com Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.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. FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities .  “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. Guest: Jeff Schecter and Jack Gibson Jeff Schecter, Jack Gibson The High Return Real Estate Show A business that can help people restart their lives (not a life coach).  Help people develop skill sets to not have to look for a job.  The Gig Economy.  Shecky  - the Gig Economy will explode.  Projects that accelerate sustainability and fixing the earth.  Multiple Streams of Income.  Highreturnrealestate.com Motivational Thoughts for the day “Being challenged in life is inevitable, being defeated is optional.” – Roger Crawford.

Now more than ever we all need income in addition to our regular J.O.B. This has always been true for those who aspire to wealth. But with the uncertainties and anxieties around our economy in light of the Covid-19 pandemic, it’s more important than ever to maximize income and returns from every source. On this call we will look at the various types of income and every participant will be encouraged to start making a plan to develop at least one more source of income. This is NOT by taking a second job. Earned income is only one form of income (out of 7 or 8). You might be surprised at how many things you can trade for money! Mike Ventry will join us and discuss how you can use a self-directed retirement account to invest in income producing assets like real estate. Mike is the Director of Business Development at American IRA . 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.The call is sure to contain many actionable steps and ideas to help you plan now and act when the time is right. It’s a scary time for many people. Many have lost their jobs or have been furloughed. No one knows when or if we will ever get back to normal. Our plan MUST include surviving. But if we can make adjustments to our lifestyles as needed and continue the discipline of saving and investing we can actually move forward. Perhaps you can supplement income by wholesaling properties. You can make money as a Flipping America Affiliate and there may be other affiliate opportunities available to you. Here several ideas on this call. We are going to take the “flea market flip” approach to this. (Have you seen that show? It’s been awhile.) We are going to take stock of whatever is at hand (time, money, skills, knowledge, etc.) and we are going to turn that into money. Then we will use that money to create more money. Let’s flesh out that plan to add at least one more income stream before the end of May. You can do this! I'm rooting for you. I'm rooting for us! How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (76437)   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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFinancial FlipStarter Online! www.flipstarteronline.com Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.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. FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities .  “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. Guest: Mike Ventry AmericanIRA.com mikeventry@americanira.com Motivational Thoughts for the day “Perhaps the secret to making a billion dollars in real estate is that there is no secret.” ― David Lichtenstein

We have a double feature for you today! Avery Carl wants to be your money-making vacation home realtor. I know this may not seem like the best time to be talking about this but the pandemic and the social distancing will not last forever. Eventually people are going to get back to work and get back to vacationing. And there will be some bargains in the vacation home market. Avery and her team will not only help you find your ideal vacation home - one you can use and rent out when you are not there - they will also help you connect with local resources to perform all of the management and maintenance of the unit and help you list it on AirBnB and VRBO. She provides this service at no additional charge to you. And that’s not all - she’s going to run the numbers for you and give you a bit of a proforma on the property as well. That’s coming up in a couple of minutes. Theshorttermshop.com. Later on I’m going to speak with Brett Swarts about the Deferred Sales Trust. This is a little known but powerful tool you can put to work right away as part of your tax plan. This has several advantages over the standard 1031 exchange. It’s a bit more technical, but could save you tens of thousands of dollars on your next tax bill. Brett is the President of Capital Gains Tax Solutions, LLC, located in Sacramento, CA. (www.capitalgainstaxsolutions.com) Together with his team and in partnership with the Estate Planning Team, Brett provides trustee services which helps real estate and business owners gain tax deferral, freedom, liquidity and diversification with their funds so they can create and preserve more wealth. How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (76437)   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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFinancial FlipStarter Online! www.flipstarteronline.com Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.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. FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities .  “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. Guest: Avery Carl www.theshorttermshop.com Vacation home loan. - any Fannie or Freddie lender.   Guest: Brett Swarts Deferred Sales Trust, not to be confused with Delaware Statutory Trust.  capitalgainstaxsolutions.com Your Questions: Send emails to questions@rogerblankenship.com Motivational Thoughts for the day “Perhaps the secret to making a billion dollars in real estate is that there is no secret.” ― David Lichtenstein

Life doesn’t usually go as planned. We don’t put “big mistakes” in our three year plans. And NO ONE had “global pandemic” in their business model for 2020. But this doesn’t mean we forget we have a business to run and mouths to feed. Tough things happen and the tough power through them. The economy has been battered. Most of us are staying home. Business is definitely NOT normal. This is a good time to reflect on our goals for 2020 - how they have been affected, how our priorities might have changed, and what we need to try to accomplish for the remainder of this year. On this call we are going to talk about what we need to be thinking about and planning to get us there.  Lewis Carroll said, “If you don’t know where you are going, any road will get you there.” In his inimitable style, Yogi Berra said “If you don’t know where you are going, you might wind up someplace else.” Let’s start laying the groundwork to not end up “someplace else.”  Let’s rethink our priorities, reset our goals, and renew our commitments to get there. I’ll be sharing with you some of the goal setting secrets behind my book, “GMS Planner”. I will show you pages from the Quarterly Planning Retreat, and then let everyone on the call download them and do their own “retreat”. You’ll learn: -to celebrate everything you can - including the lessons learned through difficulties and challenging times. -the value of adjusting course. Life throw’s curve balls, we adjust our swing and still get base hits.  -how to break down our goals into manageable milestones. -how to translate those milestones into action steps  I’m also going to give you the weekly planning page I use to manage all of my business and income streams. No April Fools joke here - it’s yours for just listening in. FlippingAmerica.net and click on the GMS Offer Button.    How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (76437)   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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFunding Real Estate Investing QuickStart Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.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. FlipCalcs allows you to enter one data set about a property and consider up to six deal ppossibilities.  “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. Your Questions: Send emails to questions@rogerblankenship.com Motivational Thoughts for the day "All the adversity I’ve had in my life, all my troubles and obstacles, have strengthened me….You may not realize it when it happens, but a kick in the teeth may be the best thing in the world for you. —Walt Disney

For many years now I have been following from afar the exploits of Motley Fool. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through their website, podcasts, books, newspaper column, radio show, and premium investing services. They believe that investing is empowering, enriching, and fun. As part of their service they have a section dedicated to real estate, a paid service called “Mogul” and a free service called Million Acres. We are fortunate to be joined today by Deidre Woollard, editor of MillionAcres.com.  Deidre is a writer and editor with two decades of experience covering all aspects of real estate from luxury residential real estate to the latest in proptech. She created the “Ask A Realtor” feature at Realtor.com and has led marketing and communications at top residential real estate brokerages. Real estate investing is a family tradition; she comes from a long line of landlords, renovators, and contractors currently invested from Massachusetts to California. She has an MFA in Writing from Spalding University.  We are going to talk real estate, coronavirus and whatever else comes to mind. I hope you’ll enjoy the conversation as much as I did.  How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (76437)   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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFinancial FlipStarter Online! www.flipstarteronline.com Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.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. FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities .  “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. News:  https://www.cnbc.com/2020/04/07/docusign-ceo-dan-springer-on-the-activity-trends-among-its-customers.html https://www.cnbc.com/video/2020/04/07/mortgage-forbearance-requests-surged-1896percent-during-the-second-half-of-march.html https://www.cnbc.com/2020/04/08/weekly-mortgage-applications-sink-as-coronavirus-sets-back-homebuyers.html https://www.cnbc.com/2020/04/10/told-my-landlord-i-cant-pay-rent-due-to-coronavirus-how-he-responded.html https://www.cnbc.com/2020/04/06/related-companies-ceo-those-who-can-should-pay-their-rent.html https://www.realtor.com/news/real-estate-news/home-buyer-seller-confidence/ Guest: Deidre Woolard Your Questions: Send emails to questions@rogerblankenship.com David, Atlanta, GA “Love to hear more about your move into Chattanooga.. what are the key advantages you see there besides less competition vs AtlantaI’ll keep it brief but to answer your question, our reasons for choosing Chattanooga:1. High concentration per capita of investors in Atlanta.2. Most opportunities in ATL are requiring long expensive rehabs. 3. Surveyed all cities within 2-3 hour drive of ATL.4. Factors include: Job Growth, Diversity of Employment (different industries), Vision of City Planners, population growth, market status (saturation rate, average DOM), age and types of housing inventory, 5. Greenville, Birmingham, Huntsville, Auburn and Chattanooga emerged. (Augusta didn’t impress and Macon was even worse. Columbus was so-so.)6. Two of my team live up the I-75 corridor so Chattanooga or Huntsville were the easiest to get to when we need. 7. Chattanooga is larger with more diverse inventory and industry. Our plans have been delayed somewhat by the COVID-19 situation. But for now it’s just a delay, not a cancellation. We are doing some calls - just not full saturation yet.  Brianna, Anderson, IN, “A friend just mentioned to me that one way of passively investing in real estate is through something called turn-key rentals. He didn’t know many details. But he also heard of some guys in Indianapolis Jack Gibson and Jeff something. Are you familiar with this type of investing or can you refer me to someone who can tell me about it?” Motivational Thoughts for the day Gilda Susan Radner (June 28, 1946 – May 20, 1989) was an American comedian and actress who was one of the seven original cast members for the NBC sketch comedy show Saturday Night Live (SNL). In her routines, Radner specialized in parodies of television stereotypes, such as advice specialists and news anchors, and in 1977, she won an Emmy Award for her performances on the show. She also portrayed those characters in her highly successful one-woman show on Broadway in 1979. Radner's SNL work established her as an iconic figure in the history of American comedy. She died from ovarian cancer in 1989. Her autobiography dealt frankly with her life, work, and personal struggles, including those with the illness. Her widower, Gene Wilder, carried out her personal wish that information about her illness would help other cancer victims, founding and inspiring organizations that emphasize early diagnosis, hereditary factors and support for cancer victims. She was posthumously awarded a Grammy Award in 1990. Radner was inducted into the Michigan Women's Hall of Fame in 1992; and she posthumously received a star on the Hollywood Walk of Fame in 2003. I wanted a perfect ending. Now I've learned, the hard way, that some poems don't rhyme, and some stories don't have a clear beginning, middle, and end. Life is about not knowing, having to change, taking the moment and making the best of it, without knowing what's going to happen next. Delicious Ambiguity. -Gilda Radner

We are continuing today with our panel discussion titled “Next Steps for Investing During a Real Estate Pandemic.” with our guest panelists,  Jeff Holst, Darlene Coquerel, and Michael Green. Show number 349 was part 1. This is part 2. And Next week we continue this series with “Don’t Just Survive - THRIVE” and we will be joined by Rod Kleif and Kathy Fettke. We continue now with the call recorded Thursday, March 26, 2020. How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (76437)   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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFunding Real Estate Investing QuickStart Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.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. FlipCalcs allows you to enter one data set about a property and consider up to six deal ppossibilities.  “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. News:  Panel: Jeff Holst, Darlene Coquerel, Michael Green Your Questions: Send emails to questions@rogerblankenship.com Motivational Thoughts for the day "All the adversity I’ve had in my life, all my troubles and obstacles, have strengthened me….You may not realize it when it happens, but a kick in the teeth may be the best thing in the world for you. —Walt Disney

You hear a lot of talk about deal marketing but how does it actually happen? At some point, every single family real estate investor ought to try and speak with actual homeowners who need to sell their home. Short of bidding at the courthouse foreclosure auctions with a wad of certified checks in your pocket, this is the best way to buy property. And because you have the opportunity to use creative deal structuring this could possibly be the best way to purchase property. But you have to find the sellers, right? If you drive up and down a street and pay close attention to the houses you may be able to tell some things about the occupants. Do you see what we might call deferred maintenance? That could be a sign that the owners are struggling financially right now. You may have someone willing to sell their house. Vacant and abandoned properties are pretty easy to spot. But there usually aren’t clear indications of other life situations that could be leading people to sell. This includes but isn’t limited to divorce, bankruptcy, inherited houses, job transfers and other things. Interestingly, many of these life situations have a way of becoming public knowledge. If there is a divorce, there is a civil case. If the house is inherited, there is usually a probate process. And if the information is public, there are professionals who can gather this information into a list and sell it. That’s what a list broker does. Today on the show we are joined by my list broker, who prefers to be called a Marketing Consultant, Karen Anderson.  Karen is a Leading Direct Marketing & List Consultant based out of Houston, Texas. Raised in a “Real Estate and Oil Family,” in Los Angeles, CA, she graduated from Belmont University with a Bachelor’s degree in Business – Concentration in Marketing/Statistics. She began her career as a Sales and Marketing Executive in a IBM Affiliate - Software Systems company, wherein began her drive to develop innovative database formulas for success. In 2000, seeing how her parents were real estate investors requiring better databases for marketing, she took her statistics & marketing expertise into the list industry where she became a pioneer building unique marketing list programs for all real estate investors nationwide. After working for a large list corporation for several years, she established and became owner of a more intimate and customized list direct marketing business. She is passionate about researching and creating pre-built list models targeting motivated buyers and sellers.  She assists clients from list sourcing, developing direct mail templates and assistance with fulfilment. She also offers additional consult and marketing service designs. How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (76437)   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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFunding Real Estate Investing QuickStart Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.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. FlipCalcs allows you to enter one data set about a property and consider up to six deal ppossibilities.  “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. Guest: Karen Anderson Your Questions: Send emails to questions@rogerblankenship.com Motivational Thoughts for the day "The Bigger the government, the smaller the citizen.” -Dennis Prager

We’ve talked a lot on this show about using free resources to perform property analysis. If you are a hobbyist or just breaking in to the business and have a limited budget, you should check out our information on that. But as soon as you have some money to spend for your deal research and analysis, you should look into PropStream. This program is going to help you reach more leads, book more appointments, and close more deals with less work: Generatie highly targeted property lists using 100+ targeting criteria to find and create prospect lists and uncover properties within your target market Reach your prospects through customizable marketing tools -- perhaps before they even know they’re in the market PropStream gives you comprehensive data and context for market insight Visualize where your customers are and analyze your market Access the most current and accurate data from MLS sales and county recordings to generate instant comps You will be able to create your own custom marketing lists, mail from within the program, import lists you’ve received from other sources and analyze them and get the most current and thorough picture of the property possible. PropStream’s Director of Marketing, Burton Alicando is going to join us in a few minutes to talk about this ground-breaking software.  How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (76437)   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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFunding www.flippingamericacomps.com Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.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. FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities.  “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. News:  The answer is “no.” https://www.housingwire.com/articles/has-bloomberg-gotten-anything-right-about-housing/ Redfin launches Redfin Premier - to select markets. https://www.housingwire.com/articles/housing-headlines-redfin-expands-launches-redfin-premier/ Opportunity Zones seem to be working. https://www.attomdata.com/news/market-trends/figuresfriday/opportunity-zones-seeing-the-greatest-growth/ Guest: Burton Alicando Your Questions: Send emails to questions@rogerblankenship.com Kyle, Atlanta, GA “What are the criteria you use for the inexpensive houses you buy around the country?” Felicia, Hampton, GA “How did you fix and flip 100 houses in a single year? I can do maybe 8.” Motivational Thoughts for the day “Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.” Franklin D. Roosevelt

It’s hard to find an opportunity to talk about anything OTHER than the pandemic right now. This week we begin mentally taking control of our destinies by making a conscious choice to move forward while taking every precaution recommended by local state and federal authorities. We will make progress mentally, virtually, and this will translate soon to real life.  Thursday night we did a second call in our series on real estate investing during a pandemic. Our guest panel was Jeff Holst, Darlene Coquerel, and Michael Green, three prolific investors and mentors with a high volume of flips and rental properties between them. We discussed a number of questions facing landlords and house flippers and dug in to find ways we can continue to make a living in real estate during these challenging times.  How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (76437)   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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFunding Real Estate Investing QuickStart Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.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. FlipCalcs allows you to enter one data set about a property and consider up to six deal  possibilities.  “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. Panel: Jeff Holst, Darlene Coquerel, Michael Green Your Questions: Send emails to questions@rogerblankenship.com Wanda, Villages of Ocala, FL “Our rentals have been doing very well but we are concerned that during the pandemic our income may completely dry up. How are you handling this in your business? What can we do?” Martin, Alexandria, VA, “Our fixing and flipping business has been running on all cylinders this year and we really haven’t seen any slowing yet, but I’m growing concerned about the short-term future. I have six properties with hard money loans right now and if I can’t get the work done on them, I’ll be out of business. I’d appreciate your thoughts.” Fabriana, PIttsburg, PA “I’m struggling to get crews to show up and city inspectors to come to the job site. Everyone is overwhelmed, but so am I. If I can’t finish my two properties I will lose everything.” Carissa, Milwaukee, WI “I’ve been on the phone with my tenants and although I have a friendly relationship with all of them, a couple of them have said some pretty rough things to me. Accusing me of greed, exploitation, one even called me a corrupt b---. I don’t want to get into arguments with them - that seems pointless, but I also don’t want to just take it. How do you handle this?” Motivational Thoughts for the day "If you expect to live a pain free life, you’re going to live a life filled with dissapointment.” -Dennis Prager

Even in the midst of the coronavirus crisis, with all that is going on in the world, we real estate investors need to be aware of a couple of important facts. 1. This isn’t going to last forever. 2. When it’s over, people are still going to buy and sell homes. And 3. Thanks to ever improving online tools we can get a lot done from the comforts of our homes. Just yesterday I closed on the sale of four homes virtually. I did have to go find a notary and drop some papers off, but my contact with others was very limited, over quickly, and I keep hand sanitizer in the car. I’ll let you in on a little secret. I’m not exactly a germaphobe, but due to my public persona I shake hands with a lot of strangers - in normal times. One day after a greeting line that probably included 100 people or more I walked away and starting thinking about how many of those people didn’t wash their hands the last time they used the bathroom. I’ve kept hand sanitizer in my car ever since. I’m about to run out of my current bottle so then I don’t know what I’m going to do - stay home I guess.  Anyway, back to the fact we can do our business largely from home. Today we are joined by my new friend Brandon Barnes. Brandon is a high volume wholesaler here in Atlanta, Georgia. If you’re not sure what wholesaling is or how it works, stick around because not only is Brandon going to explain what it is, he is available to guide and mentor you if you are looking to get started in this business. And even in today’s hyper-competitive market, Brandon believes you can get your first deal with no more than $500 to $1000 invested in your marketing.  How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (76437)   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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFunding Real Estate Investing QuickStart Announcements: FlipStarter Online April 13, 14, 15, flipstarteronline.com The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.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. FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities.  “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. News:  This is a sneaky sales pitch. No real data. https://news.bitcoin.com/us-real-estate-jeopardy-housing-market-crash/ Guest: Brandon Barnes Your Questions: Send emails to questions@rogerblankenship.com Sanders, Monticello, GA, “Should we be taking our money out of the banks right now?” Esther, Dallas, TX, “Where do you believe the real estate market is headed?” Greg, Dayton, TN, “What should real estate investors be doing right now?” Motivational Thoughts for the day "The believer in God has to account for the existence of unjust suffering. The atheist has to account for everything else.” Rabbi Milton Steinberg.

I have previously predicted the top three real estate investing trends for 2020 and I’m going to repeat them in a moment. The growth is going to be interrupted by the current corona virus crisis, which is, as I speak shutting down entertainment, business, airlines, travel, and entire industries. We are sensitive those directly impacted by the illness from the virus but at the risk of appearing insensitive it seems to be an unnecessary panic. In 2009, the H1N1 virus infected 59 million people in the US, 265,000 were hospitalized and 12,000 people died. My son was in the 8th grade at the time and tested positive for the virus. He missed a couple of days of school, but his symptoms were flu-like.  The medical impact of the corona virus is a tiny fraction of the swine flu, and unless there is something about this that no one is telling the public, the state of alarm seems to be disproportionate to the actual impact. One thing that is for sure impacted is the economy. It’s being hammered right now and billions are being lost. The financial fallout is affecting people from all walks of life and could lead us to the 2020 recession we thought we had avoided. It may be summer time before things get back to normal, but when they do, the three trending strategies will come back to the forefront. And here they are: Apartments, Short-Term Rentals, and Self-Storage. These areas are hot right now because they cash flow well and the competition is less stiff than in the single family market.  In a few moments I’m going to be joined by Rod Khlief, one of the multi-family masters. He is going to share his amazing story with us. Listen up, if you’ve ever had a setback or a full-on business failure, you need to hear Rod’s story. He lost it all, and climbed back. His energy is infectious and his insight is inspiring. He will be with us in just a few moments.  How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (76437)   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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFunding FlipCalcs    Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.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. FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities.  “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. News:  The Corona Virus hits the Housing Market: https://www.realtor.com/news/real-estate-news/home-selling-in-the-age-of-coronavirus-its-a-whole-different-world/ They predicted a housing recession in 2020, but due to rising interest rates. The corona virus wasn’t a factor. https://www.investopedia.com/investing/next-housing-recession-2020-predicts-zillow/ Topic: Why You Lost Money On Your Last Flip Your Questions: Send emails to questions@rogerblankenship.com Sandra, Indianapolis, IN, “When is the best time to buy a house? Money saved for down payment Credit score is high - best interest rate Market has a three months supply of homes (or more) After the first two conditions are met for sure, then when you find the right place at the right price.  Warren, Meridian MS, “what is the website for running comps through PropStream?” FlippingAmericaComps.com Sally, Villages of Ocala, FL, “Flipping America seems to have so many different websites. Can you tell me the differences and what each one offers? RogerBlankenship.com FlippingAmericaNetwork.com FlippingAmerica.net FlippingAmericaREIA.com FlippingAmericaComps.com FlipCalcs.com Eduardo, Tampa, FL, “In light of the corona virus, I’m thinking of not buying any flips for a few months, but it’s my primary source of income. How are you proceeding with your business?” Motivational Thoughts for the day “Entrepreneurship is living a few years of your life like most people won’t, so that you can spend the rest of your life like most people can’t.” -Anonymous

There really is nothing new under the sun. Even today’s freshest sounding ideas only sound that way because it has been awhile since they were popular. This is true in real estate investing. Someone starts doing Technique A which generates massive profits. They tell their friends, then teach a course on it and pretty soon EVERYBODY is doing Technique A. Then someone rediscovers Technique Q, which is an old idea but no one is doing it any longer and there is an opportunity to make good margins. The process repeats.  This is true of the strategy we are going to start calling “Happy Rooming” at least until we come up with something better. For the consumer, you pack up your clothes and move into a house. You get a furnished room, common areas, shared driveway for your car. It comes with some rules of course, to protect everyone living there, but you have the convenience of not having to purchase furniture or absorb the cost of renting or buying space you don’t use.  Our guest today is Mentor Sharoney and she has brought this technique back to the Atlanta market. She’s brought it up-to-date and added some extra touches that create happy living spaces for her tenants and strong cash flow in her properties. She will be along in a few moments.    How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (76437)   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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFunding FlipCalcs    Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.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. FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities.  “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. News:  CoreLogic reports that home values gained 4.0% in 2019. Projecting 5.4% this year. (we are at 4.5). CT was the only state with decline. Idaho lead the way with 10.5% growth. Eight straight years of gains. https://www.corelogic.com/insights/home-price-index.aspx?WT.mc_id=crlg_200303_TnzF6 A super simple spreadsheet solution that allows you to see the impact of annual appreciation on the value of a property (or anything that appreciates consistently and predictably). https://docs.google.com/spreadsheets/d/1Z4A66KOANQO45Jn8YTpV55rEqNQ-u0N51B2ZfqW2sI8/edit#gid=0 Foreclosures are at a 15 year low. https://www.attomdata.com/news/market-trends/foreclosures/attom-data-solutions-2019-year-end-u-s-foreclosure-market-report/?utm_source=newsletter&utm_medium=email&utm_campaign=SEO-News+Updates Delinquencies are at the lowest rate since 2000. https://www.corelogic.com/insights/loan-performance-insights-report.aspx?WT.mc_id=crlg_200310_PEpCh Remember Wells Fargo and the fake accounts? 5000 employees, over 1 mil fake accounts. Now Fifth Third Bank has joined the party, according to the CFPB. https://www.housingwire.com/articles/fifth-third-bank-accused-of-opening-fake-accounts-in-customers-names/?utm_campaign=Newsletter%20-%20HousingWire%20Daily&utm_source=hs_email&utm_medium=email&utm_content=84493004&_hsenc=p2ANqtz-_Xs-flc5GsRRvV8MWsyPE6YgQa6AiXD4kFBqqJqxjyhoKmwbNNi0zy97SiFJHb8pvg7v4ki-pIw3PJSdvaccsL0I85RzTkQIWcC2BpyLzvibjR02c&_hsmi=84493004 Topic: Beautiful Rooming, with Mentor Sharoney Your Questions: Send emails to questions@rogerblankenship.com Ron, Lexington, KY, “I have an AirBnB in Daytona which is doing well. I’m considering buying more, but I’m hearing that communities are banning them. What’s the latest? Angela, Anniston, AL, “I just flipped a house in Jacksonville, AL and made enough money to make a down-payment on two rental houses. This is fantastic! I want to do this full time but I’m pretty sure there aren’t enough deals around here. If you were in my shoes would you head toward Atlanta or Birmingham?” Marcus, Harrisburg, PA, “Thanks for the show and all you are doing. I’m interested in leading a local chapter of the Flipping America REIA. What do I need to do?” Joel, Atlanta, GA “You are seller-financing those cheap houses around the country. I want to buy one and turn it into a rental. Can you tell me how what I need to do to get one?” Motivational Thoughts for the day “Real estate investing, even on a small scale, remains a tried and true means of building an individual's cash flow and wealth.” -Robert Kiyosaki

You want to reap the benefits of investing in real estate without all -- or without any -- of the work. This show is for you. There are several ways you can do this, but one of them is to purchase a Turn-Key Rental and that’s what we are talking about today. In a few moments I’ll be joined by Antoine Martel who started right out of college investing in rental properties - NOT in California where he lives, but in Memphis and Cleveland. How does it do it? Stay tuned and you’ll find out.  How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (76437)   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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFunding Real Estate Investing QuickStart Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.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. FlipCalcs allows you to enter one data set about a property and consider up to six deal ppossibilities.  “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. News:  Are you stocked up? The best time of the year is just a couple of months away. https://www.housingwire.com/articles/the-best-time-to-sell-a-house-is-quickly-approaching/ Good tips on Turn-Key Rentals. https://money.usnews.com/investing/real-estate-investments/articles/things-to-know-about-turnkey-real-estate-investments-for-retirement Questions you should ask yourself when considering your real estate investing options. https://www.fool.com/millionacres/real-estate-investing/articles/best-place-invest-real-estate/ Of all the things you could name your new real estate company, let’s go for something that screams “unprofessional.” https://www.housingwire.com/articles/real-estate-and-mortgage-startup-homie-raises-23-million/ Guest: Antoine Martel Martelturnkey,.com Flipping America 313, Best Places for Rentals Your Questions: Send emails to questions@rogerblankenship.com Amanda, Memphis, TN “Would you say that real estate investing is better than the stock market? I kinda think you would, but I want to hear it from you.” It depends. An experienced stock investor / day trader might achieve the same returns as an experienced real estate investor. In that case, I say “do what you know and enjoy.” If you are inexperienced in both and relying on the returns from an indexed stock fund compared to standard real estate appreciation, the stock market is going to appear to perform better every time. The secrets in real estate however involve the gains that can be realized through leverage, depreciation, and growth in equity over time.   Juan, Houston, TX “I have a good job I want to keep, and I want to invest in real estate but don’t make enough extra money to enable that. What would you do?”  What I would do when I were younger would NOT have been what I would recommend now. That’s because I wasn’t as smart then as I am now. What I would do NOW is adjust my lifestyle. You really only have two options. You have to either take on a side hustle to earn money to invest in real estate, or your have to decrease your living expenses to save money. Your side hustle could be real estate wholesaling or deal structuring, but there is no avoiding the time needed for this. Those are your options.  Millie, Pontiac, MI “Ten years ago my husband got transferred. We rented out our house in Columbus, OH and it’s been a continual problem. We’ve tried a couple of property management companies and it really isn’t any better. We want to get rid of it and it looks like we are no longer upside down on it, but we hate to dump it and not make any money. It needs a few minor repairs and a major update. Tell us what we need to be thinking about in order to make this decision.” You are correct if you do not think about this as your home. You don’t live there. This is an investment property and should be treated that way. As such it has a fixed daily cost. You need to know this number so you can feel the pain of it sitting there empty. One small difference is if you have a loan on it, you are probably paying down the balance a little each month, which is better than the interest-only loans used by house flippers.  When thinking about repairs, I always first fix everything that is broken and then I evaluate all of the “nice-to-have” items in the rehab. The first thing I want to know is what the financial return will be for each expense. If I spend 15,000 in the kitchen, will I be able to sell the house for $30,000 more? I rank the rehab priorities according to the financial return.  Then I rank them according to my opinion about how much more quickly they will help me sell the house. This is a bit of guesswork and the realtor can help. If I spend $3000 for no increased price but the house will sell 60 days sooner, I will spend the money. It’s still the smart play. Every rehab decision runs through this grid and we acknowledge there is some guesswork involved but it’s better than not thinking it through at all. Carson, Brookfield, WI “Do you ever get those really cheap houses here in Wisconsin?” Yes! Recently in Milwaukee and currently in Catawba! Kyle, Atlanta, GA “What are the criteria you use for the inexpensive houses you buy around the country?” Motivational Thoughts for the day “There is no royal road to anything. One thing at a time, all things in succession. That which grows fast, withers as rapidly. That which grows slowly, endures.” – Josiah Gilbert Holland

Today we are getting an update on developments with short-term Rentals from Pam O’Dell, Executive Director of the Short Term Rental Owners Association of Georgia. The legislature is in session and there are interesting developments. Government involvement and interference with real estate development is nothing new. You don’t have to look far to find examples of higher prices and slower development because of bureaucratic overreach, fees, processes, and delays. I can give you many examples, but here is one: Government rent-controls end up costing landlords so much they are actually better off leaving a house vacant while waiting for price appreciation to allow them to sell. This leads to quite a bit of vacant properties in places like California. In a few minutes I’m going to share with you the state’s response to this problem. You will love this I’m sure.  How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (76437)   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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFunding Real Estate Investing QuickStart Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.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. FlipCalcs allows you to enter one data set about a property and consider up to six deal ppossibilities.  “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. News:  You work hard to escape the hood, the cycle of poverty and dependence and the culture of violence, and then the government forces you back into it. I predict an awesome conclusion to this nonsense. Watch EVERYONE who wants to live in safety leave the city.  https://www.ajc.com/news/local-govt--politics/atlanta-make-all-landlords-accept-housing-vouchers/RBUDQT37yHk3WjzuuameOM/?fbclid=IwAR0b4vFqxzYiggLIHKR6MuNfGTqtyPA32eWxrbfqzJMsQ_8e7RArtiaGaG8 Another example of Government trying a really bad idea to solve a problem they created. https://www.wsj.com/articles/want-fewer-homes-try-this-11582500687?mod=MorningEditorialReport&mod=djemMER_h The world’s dumbest housing policy. https://www.wsj.com/articles/the-worlds-dumbest-housing-policy-11568243654 Guest: Pam O’Dell STROAGA Short Term Rental Association of Georgia Stroaga.org We have been the whipping post. Mostly at the local level. Lot of talk, soon to be action HB 276, is law. Platforms are responsible for remitting directly the state sales tax. Use to be the owners collected the tax and had responsibility to pay it. It is retroactive to Jan 1, 2020.  Platforms are being sued by various municipal governments for back taxes.  HB 448 being debated. Extension of 276. Asks the platforms to remit the hotel motel tax.  Tax bills are required to be accompanied by a Fiscal Note, basically projecting how much revenue this tax would generate. It is projecting that short term will bring in more money.  Bans. IF a municipality bans airbnb now they are costing the state money.  Preempt bill. A state law preventing local municipalities from banning STR  Your Questions: Send emails to questions@rogerblankenship.com Motivational Thoughts for the day "If you laid all of our laws end to end, there would be no end." ~ Mark Twain "It may be true that the law cannot make a man love me, but it can keep him from lynching me, and I think that's pretty important." ~ Martin Luther King

“If you don’t know where you’re going, any road will take you there.” This quote is from Alice in Wonderland by Lewis Carroll. Yogi Berra put a famous twist on this by saying “If you don’t know where you’re going you’ll end up someplace else.”  "Our plans miscarry because they have no aim. When a man does not know what harbor he is making for, no wind is the right wind." Seneca In absence of vision and clearly defined goals, we become strangely loyal to performing daily acts of trivia. Has your life fallen into mindless routine? Do you have a vague feeling that you would like to be doing something different, be somewhere else, spend your days involved in something more meaningful? It all begins with your vision. Not just a dream or a romantic ideal, a vision that is clearly developed, that focuses your life, informs the development of your goals, and directs the priorities of your daily life. It is possible to live a well-thought life. Not only is it possible, you might be missing the best possible life and the best possible version of you. It is good for every person to devote time regularly to thinking about the bigger picture of his or her life. Mark Dolfini is the author of “The Time Wealthy Investor” and in that book he outlines his VIP strategy. VIP is an acronym standing for Vision, Infrastructure, and Process. His work and thoughts on the Vision part alone are some of the best I’ve seen. I might have planted a little seed in his brain about doing an entire course on Vision and that has now become a reality. Mark will be making a guest appearance tonight at the Flipping America REIA meeting via video chat. But he also is going to join us in just a moment for a conversation about his new course on Vision.  How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (76437)    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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFunding Real Estate Investing QuickStart Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.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. FlipCalcs allows you to enter one data set about a property and consider up to six deal ppossibilities.  “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. News:  Kathy Fettke called it on this show. Crystal lagoons could be a “wave” of the future.  https://www.cnbc.com/video/2020/02/12/crystal-lagoons-is-disrupting-beach-front-real-estate.html Is it a rental monolith or a monopoly? https://www.housingwire.com/articles/birth-of-a-rental-monolith-rentpath-declares-bankruptcy-agrees-to-sell-to-costar/ Can investors also become HomeSnap pro users? https://www.housingwire.com/articles/homesnap-new-platform-guesses-when-people-will-move/ People are on the move - away from expensive coastal cities.  https://www.redfin.com/blog/q4-2019-housing-migration-report/ Topic: The Personal Vision Road Map, with Mark Dolfini Confusing results with vision.  Big house, why? Love to entertain. Why? Keep pulling on the thread and usually will end up saying “because I (fill in the blank with this deep need).” Not about goals. It’s attached to the limbic system - the thing that gets. You up on a rainy Sunday morning.  The Vision Paragraph The Vision Summary - write it down every day. “She wanted to move her mom within a 5 min drive. Home-school her kids, work from home, 10-15 hours/week. Wanted to start trying to have another baby.” Identify revenue goals that can make that happen. The two or three things she wanted the most within the next 8-12 months.  Three pillars of the mind, body, and soul. Easiest to start with the mind.  The Personal Vision Road Map  Your Questions: Send emails to questions@rogerblankenship.com Jessica, Akron, OH, “I have saved $40,000 to invest in a fix and flip. I’ve watched videos, attended a boot camp, and I see deals from time to time that fit all the criteria. But I’m having a hard time pulling the trigger. I know it’s fear, but how do I overcome it?” Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message!  Motivational Thoughts for the day “To reach a port, we must sail—Sail, not tie at anchor—Sail, not drift.” - Franklin Roosevelt 

On our last show we played part of a call held on Thursday March 19 for the Flipping America REIA Group. Our esteemed Panel consisted of Gordon Catts, Ramon Tookes and Logan Mohtashami. The call lasted longer than we could get into one show so today we will play the rest of the call for you, but we need to update you on the rapidly changing situation. In fact, by the time you hear this, I’m sure there will be new developments.  While we were on the call, California Governor Gavin Newsom ordered all 40 million residents to say home.  He stated that he believes 56% of Californians could become infected. This was immediately refuted by a Stanford Epidemiologist who stated that such projections were based on bad science. Furthermore, a number of law groups have come forward to assert that the Governor cannot legally order people to stay at home. He has the power to suspend California laws, but he does not have the power to suspend Constitutional Rights.  Various cures or cure ideas are being put forward and tested. There is a vaccine already being tested. Also on today’s show, I’m going to share with you an article from this morning’s Wall Street Journal, in case you missed it, titled “Coronavirus Vindicates Capitalism”. This is a beautiful can’t miss article by Kimberly Strassel and you need to hear it or read it for yourself. This message MUST get out to today’s young adults.  How to contact us www.flippingamerica.net.  Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (76437)   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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/civicfinancial FlipStarter Online  Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.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. FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities.  “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. News:  Everyone needs to read this - especially young adults.  https://www.wsj.com/articles/coronavirus-vindicates-capitalism-11584659306?mod=opinion_featst_pos1 Topic: PANDEMIC Discussion, Part 2 Your Questions: Send emails to questions@rogerblankenship.com Garrett, Dallas, TX “Is this the worst epidemic to ever hit America?” Patrick, Portland, ME “I was driving and missed it - please tell me the dates and times for the FlipStarter Online and how to sign up.” Melissa, Oconomowoc, WI “What is the best time of year to buy investment property?”  Motivational Thoughts for the day “It’s going to be OK in the end. If it’s not OK, it’s not the end.” -Roger Blankenship Tags: real estate, real estate investing, real estate investments, real estate education, income properties, Roger Blankenship, Flipping America, pandemic, coronavirus, COVID-19

A week ago I noted that nearly half of the newspaper and media stories were about the COVID-19 virus (and I’m going to try and stop using Corona virus out of respect for Corona Beer and Corona Cigars, neither of which had anything to do with this). This morning as I read the newspaper, 9 out of 10 stories were either about the pandemic or the effects of the pandemic. US cases as of today, March 19 exceed 10,000 and we have had 161 deaths. Not to be insensitive but to provide a little perspective, So far in 2020, the flu has hospitalized more than 250,000 and more than 14,000 have died.  It’s staggering to see the entire American economy come to a grinding halt. Just today, San Francisco is shutting down the entire city for four weeks. Churches, restaurants, bars, and gyms across the country are not meeting. People are either working from home or not working. And the financial effects are being felt from Wall Street to Main Street. Those with good jobs are suddenly without work and are facing an imminent crisis when their cash runs out.  How will they pay mortgage or rent? How will they buy food? How will they live? The government is stepping in. Congress has already passed two stimulus measures and they are working on more, more than $1 trillion in stimulus spending is planned and the White House has said they will do more if needed. FHA has called a moratorium on foreclosures and evictions from all FHA guaranteed loans for the duration of the crisis, At least three cities have already banned evictions and others are considering it. I’m immediately wondering two things. How far up the food chain will the forgiveness for non-payment go? We can’t evict our tenants for non-payment, but without their rent, we may not be able to pay our mortgages. For those with free and clear rentals, that money may be our primary income. What will we do? All of the social distancing is designed to protect the contagion from spreading. But this cannot last forever. When it DOES end, if only one person in the world is still contagious, what is to keep this from starting all over again?  I believe the health experts are working on answers to the second question. Our purpose over the next little while is to try and address more of the economic questions, particularly with regard to real estate investors.  My team and I will give 30 minutes of our time at no cost or obligation to help you take the next steps - or your first steps in your RE business. Go to bit.ly/talktoroger Also, we have lowered the price of our entry level course, “Real Estate Investing Quick Start” to $97 for the duration of the crisis. bit.ly/requickstart The Economy as a whole The Short-Term economic outlook. The Long-Term impact The Recovery time and process (once we hear the “all clear). Question: Do you expect a quick snap-back due to growing pent up demand? (A V-shaped recovery?) The Federal Government Economic Intervention Stimulus package passed Wednesday afternoon: 2 weeks paid leave for employees.  $1 Trillion stimulus package on the way. FHA backed loans will not foreclose for at least 60 days.  Other initiatives? Local California stops evictions. Boston and New York considering.  Question: Should these same municipalities spare the landlords from having to maintain properties and pay mortgages during this time? How far up the ladder should relief go? Asset Classes for Discussion. How do you see each of these areas being impacted? And more importantly, what can people do who make their livelihoods here? Single Family Fix and Flip Single Family Rentals Multi-Family Rentals Short-Term Rentals Other Real Estate Investing Strategies General Questions: What should each listener do right now? Your top 2 things What opportunities are out there right now?  What opportunities will be there when recovery is underway? When the “all clear” is given, what is the optimal position for us to be in? How to contact us www.flippingamerica.net.  Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (76437)   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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFunding RE QuickStart bit.ly/REquickstart  Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.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. FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities.  “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. News:  250,000 hospitalizations, 14,000+ deaths. The FLU, not Covid-19, 105 children have died. 6.8% of those contracting the flu will die. https://www.usnews.com/news/health-news/articles/2020-02-21/flu-season-thats-sickened-26-million-may-be-at-its-peak Mortality rate from Covid-19, 4.12% https://www.worldometers.info/coronavirus/       Topic: RE Investing During a Pandemic   Your Questions: Send emails to questions@rogerblankenship.com Many “If I can’t collect my rent, what am I supposed to tell my mortgage company?” Carter, Tampa, FL “I have several tenants who are already not paying, although I believe it has nothing to do with the coronavirus. As I write this only about 20 people in our metro area have it. How do I proceed?”  Suzanne, Villages of Ocala, FL “We live in a retirement community and along with our neighbors we are truly frightened. No one is going out. We are having food and supplies delivered and sanitizing the bags they come in before touching them. I can’t help but wonder how America is going to cope. I love your show and enjoy your enthusiasm. I’m just wondering what your outlook is right now.” Motivational Thoughts for the day “It’s going to be OK in the end. If it’s not OK, it’s not the end.” -Roger Blankenship   Tags: 

A couple of weeks ago in our show prep we came across a new way to buy houses with a company called FLEQ. I said at the time I wanted to get the founder, Todd Sherer, on the show. And today we are delivering on that. Todd has been around in the mortgage and finance business for many years and he has created a business model that I believe has a chance to fill a real need. Buyers can now buy a house without a mortgage, enjoy the benefits of homeownership but also have the flexibility to easily sell or move as life takes them where it does. Plus today I’m going to answer a question we’ve received probably over a hundred times - How can the average person figure out what a property is worth - or better yet, what it will be worth when they finish remodeling it. I’m going to tell you the process that I have followed for years. Also we have an important question today about pulling the trigger on your first deal.  How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! 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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFunding Real Estate Investing QuickStart Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.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. FlipCalcs allows you to enter one data set about a property and consider up to six deal ppossibilities.  “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. Topic: Buying a House with FLEQ, Todd Sherer Your Questions: Send emails to questions@rogerblankenship.com Grady, Keyshawn, and 22 more, “How do I figure out what this property is really worth? What is the ARV? Do I just ask a realtor to figure it out for me?” Jessica, Akron, OH, “I have saved $40,000 to invest in a fix and flip. I’ve watched videos, attended a boot camp, and I see deals from time to time that fit all the criteria. But I’m having a hard time pulling the trigger. I know it’s fear, but how do I overcome it?” Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message!  Motivational Thoughts for the day “When your work speaks for itself, don’t interrupt.” -Henry J. Kaiser

If you’re a regular listener to this show you know that I often ask my show guests what they really wanted to be when they grew up. My point behind this is to demonstrate that life doesn’t always turn out like we planned, but people have often found a nice “Plan B” in the realm of real estate. Today’s guest, Michael Green, saw a lite-nite infomercial with Carlton Sheets when he was thirteen years old and since that time, has wanted to be a real estate investor. He had some life detours - some BIG ones as you’re going to hear in a few minutes. But he stayed with that dream and today he is one of the more prolific and successful real estate investors in America.  Now for the next part: Michael is in a tough area to do this business - Baltimore, MD. There are a lot of investors and it’s either high price points or massive rehab budgets on mostly unsalvageable properties. At least that’s the reputation. But Michael is living proof that in spite of personal circumstances, in the face of a very competitive marketplace, and against big odds, perseverance will win the day. His story is coming up in a few minutes.  How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (76437)    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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFunding Real Estate Investing QuickStart Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.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. FlipCalcs allows you to enter one data set about a property and consider up to six deal ppossibilities.  “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. News:  Best Places inthe world to invest https://financesonline.com/real-estate-trends/ In the category called “that’s a stretch” https://www.cnbc.com/2020/02/12/mini-mortgage-refinance-boom-continues-as-coronavirus-keeps-rates-low.html Stay in style with today’s tile. https://realestate.usnews.com/real-estate/slideshows/tile-trends-for-your-home-in-2020 Remember - blame the dog! https://realestate.usnews.com/real-estate/articles/whats-that-smell-in-my-house The 2019 top FinTech companies, according to Forbes: https://www.housingwire.com/articles/forbes-names-most-innovative-fintech-companies-in-housing/ It may be deceptive, but it’s not going to stop. https://www.housingwire.com/articles/opendoor-and-redfin-expand-homebuying-partnership-to-nine-new-cities/ Topic: Flip Factor, with Michael Green Your Questions: Send emails to questions@rogerblankenship.com Alison, “I own a few pizza franchises, so I know a few things about business and property leasing. I’m looking at buying some turn-key rentals vs. dropping some money into an apartment deal. A friend of mine is raising the money. The money looks better on the apartment deal, way better,  but this would be my friend’s first apartment project. I’m not necessarily trusting his numbers to be realistic. Can you offer some guidance as to what to look for? Rent rolls and leases P&L from last year - all expenses.  Repair estimates.  Think “actual income” not “potential income” Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message!  Motivational Thoughts for the day “Don’t wait to buy real estate. Buy real estate and wait.” -Will Rogers

What if you could make $10,000 more on every flip, simply by paying less for capital? What if you could access large lines of credit with NO personal guarantees and not attached to your personal credit? How many more deals could you do? What would it add to your bottom line? How different would your life be 5 years from now if you could do two more profitable deals each year between now and then? These are the types of questions you should be asking when you begin to think about business credit. Now I’m not talking about the type of business lines of credit where you pay what amounts to 40% interest and you have to make daily payments starting the next day after you receive the money. I learned this business model the hard way about 8-9 years ago. I had a few conversations with some money guys in New York. Turns out they had clever ways to avoid having their interest rate labeled usurious, but they were work arounds. And they were a rip-off. Since that time I have been on the robo-call list as a sucker who needs money. I get 5-10 of these call every day. Still to this day.  But that is NOT what we are going to be talking about. We are talking about legitimate lines of credit for your business, obtained because of and on behalf of your business. These loans are solid and real. And I’m going to tell you right now that since I favor good quality debt backed by real estate, this program qualifies. Stephen Wible is coming up in a few minutes to explain it, which I will let him do. How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (76437)    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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFunding Real Estate Investing QuickStart Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.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. FlipCalcs allows you to enter one data set about a property and consider up to six deal ppossibilities.  “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. News:  Kathy Fettke called it on this show. Crystal lagoons could be a “wave” of the future.  https://www.cnbc.com/video/2020/02/12/crystal-lagoons-is-disrupting-beach-front-real-estate.html Can investors also become HomeSnap pro users? https://www.housingwire.com/articles/homesnap-new-platform-guesses-when-people-will-move/ People are on the move - away from expensive coastal cities.  https://www.redfin.com/blog/q4-2019-housing-migration-report/ Topic: Business Credit, with Stephen Wible Creditsuite.com info@creditsuite.com Home Depot Lowes, visas, master card, etc.  Car loans.  Email address is a potential red flag.  Need a real business line.  Google voice doesn’t work for this, Its not listable.  There are 125 items in the fundability database.  Wheel of fundability. Most of it is automated.  LexisNexis  Your Questions: Send emails to questions@rogerblankenship.com Cherry, Atlanta “What do you see for the market in 2020?” Stephen, Atlanta, “What are your top criteria for entering the market in a distant city?” Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message!  Motivational Thoughts for the day “You can’t have a million dollar dream with a minimum wage work ethic.” -anonymous

Kathy Fettke is back with us today discussing Real Estate Syndication. She will talk about what it is and a little bit about how to set it up. Very specifically what NOT to do. Then we are going to talk about a few of her current projects. If you are looking to invest passively in real estate projects, you want to stay tuned, because Kathy has a long history of success. She is credible, effective, and best of all, she will make you some money.  Before we get to that we have a very important announcement for you. As of Wednesday January 9, 2020, the Flipping America Real Estate Investors Association has officially begun. The website is live at flippingamericareia.com. I don’t know what your experience with a REIA is, but we hope you’ll give this one a try. You can join from anywhere in the country for as little as $10/month and you’ll have access to the presentations we do every Wednesday and Thursday in our meetings. You’ll have the option of joining us live and the presentations will be stored on the site for all members to access. We’ve researched this and as far as we can discover we are the first and only national REIA with a LOCAL focus. Groups are gathering around the country on Wednesdays and Thursdays and joining the meetings we are holding in Atlanta via a private video call.  Multiple levels of membership Vendor opportunities Leadership opportunity.  (FAREIA presentation) How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! 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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFunding Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area.   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. FlipCalcs allows you to enter one data set about a property and consider up to six deal ppossibilities.  News: https://www.forbes.com/sites/heathersenison/2020/01/07/five-questions-your-real-estate-agent-legally-cannot-answer/#104d90c41755 Topic: Real estate syndication Your Questions: Send emails to questions@rogerblankenship.com Alison, Pittsburgh, PA, “I’m having such a hard time finding a deal. It seems like every wholesaler is just charging whatever they want and getting it. What would you suggest?” Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message!  Motivational Thoughts for the day   “Being realistic is the most commonly traveled road to mediocrity.” Will Smith  

Attention America, there is a NEW way to buy a house without a mortgage. It’s called FLEQ. We are working on getting someone from the company on the show, but I’m going to explain this unique approach to home ownership as best I can in a few minutes. Plus we have some real estate news for you today! FICO has changed the rules for credit scoring and don’t you just love that? And we have grouped several of your questions today that ask about other investment targets such as stocks.  How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! 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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFunding Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.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. FlipCalcs allows you to enter one data set about a property and consider up to six deal ppossibilities.  “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. News:  The new FICO rules shouldn’t affect most mortgage applications in 2020. Car loans and credit cards. https://www.housingwire.com/articles/ficos-scoring-tweaks-wont-impact-most-mortgages/?utm_campaign=Newsletter%20-%20HousingWire%20Daily&utm_source=hs_email&utm_medium=email&utm_content=82413990&_hsenc=p2ANqtz--W0CZXyKhJi4V0kyY-zbHZ_zcX3veyEf3A0dJwwUwrLZlMmXU7JMyXG183MCP-0nfVYqhls5eZIKaLPOFQRoa9q_CjnzWRi1uAdiiCWv_dSRXpcCE&_hsmi=82413990 FICO is broken https://www.cnbc.com/2019/02/27/american-consumer-credit-rating-system-is-broken.html Diversity Required for Goldman Sachs IPO backing. https://www.housingwire.com/articles/goldman-sachs-no-go-for-ipos-if-all-bros/?utm_campaign=Newsletter%20-%20HousingWire%20Daily&utm_source=hs_email&utm_medium=email&utm_content=82376728&_hsenc=p2ANqtz--xz68zlKWLLS7WB0Di8v-PEI6b3GsGXPd_m2CAYsIu9N56HKt_yG6t4ttHoOfMEJoKhJUI50Trtyl7YJF6NjkHQhfcposRkAT5r7PPCCzCz55yu_0&_hsmi=82376728 Top Four Characteristics of Rental Houses https://www.rentometer.com/articles/characteristics-of-the-best-rental-properties-for-beginners?utm_medium=email&utm_source=mailchimp&utm_campaign=non-sub-unconfirmed-email&utm_term=012420&utm_content=icymi&utm_source=RoM+Production&utm_campaign=d93223e608-EMAIL_CAMPAIGN_2020_01_23_08_19&utm_medium=email&utm_term=0_bf925df239-d93223e608-104525881 Make sure you speak with your tax advisor about these tax breaks for landlords. https://www.rentometer.com/articles/8-tax-deductible-expenses-landlords-need-to-track?utm_medium=email&utm_source=mailchimp&utm_campaign=non-sub-unconfirmed-email&utm_term=012420&utm_content=icymi&utm_source=RoM+Production&utm_campaign=d93223e608-EMAIL_CAMPAIGN_2020_01_23_08_19&utm_medium=email&utm_term=0_bf925df239-d93223e608-104525881 Home seller profit hits a new high in 2019. https://www.attomdata.com/news/market-trends/home-sales-prices/attom-data-solutions-year-end-2019-u-s-home-sales-report/?utm_source=newsletter&utm_medium=email&utm_campaign=SEO-News+Updates Foreclosures at a 15 year low. https://www.attomdata.com/news/market-trends/foreclosures/attom-data-solutions-2019-year-end-u-s-foreclosure-market-report/?utm_source=newsletter&utm_medium=email&utm_campaign=SEO-News+Updates Here comes a new home purchase business model: FLEQ. https://www.housingwire.com/articles/startup-plans-to-allow-consumers-to-purchase-homes-without-a-mortgage/ and https://www.housingwire.com/articles/heres-how-to-use-fleq-to-buy-a-home-without-a-mortgage/?utm_campaign=Newsletter%20-%20HousingWire%20Daily&utm_source=hs_email&utm_medium=email&utm_content=82197463&_hsenc=p2ANqtz-8947O3xHP1jmNVXaOgQEVeRislSnuyyDPATD2rUenALO_GQDikEc0Zba6IjXfWb9MKCamU3zRGmFvhIc9TmA2yJfQWQqq7WbFxjfUEiIgw7bENeg8&_hsmi=82197463 Renovation Mistakes https://www.nerdwallet.com/blog/mortgages/renovations-decrease-home-value/ Fed to cut rates in 2020? https://www.housingwire.com/articles/ubs-fed-may-cut-rate-three-times-in-2020/?utm_campaign=Newsletter%20-%20HousingWire%20Daily&utm_source=hs_email&utm_medium=email&utm_content=81986960&_hsenc=p2ANqtz-_D9riLIllfv13TYG8O4jR9S6BlGM_E0J_onW2KFXSoX_N20Q0yUzz-6yZdvEOHSHm1zFOihhkHH1nfAHUA-fbZl6UCKPUB71SnwRB9lMQfNVbtr6Y&_hsmi=81986960 Topic: Contractors  Resources: https://www.nascla.org/page/LicensingInfo Your Questions: Send emails to questions@rogerblankenship.com Debbie, Las Vegas, NV, “The stock market gained 29% last year. Why would I invest in real estate?” Carolyn, Rupert, Idaho, “What do you mean when you say ‘balanced investment portfolio’?”  Jacob, Madison, WI, “How do your political views affect your investing decisions?” Connie, Greenville, SC, “Are the tariffs hurting real estate investors? If so, how?” William, Brooklyn, NY, “I get real estate and stock market shows. Why does no one do a show on commodities investing?”  Arthur, Indianapolis, IN, “Would you explain the difference between CAP rate and cash on cash return?” Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message!  Motivational Thoughts for the day   “The sooner you learn that life is not fair, the better off you'll be, because you'll spend less time railing against life's unfairness and feeling aggrieved and entitled, and more time figuring out how to maximize your assets, and your talents and how to deal with things that you're not very good at. - Condoleeza Rice  

More and more real estate investors are showing up every day and it's getting more difficult to find good deals. The newbies are paying too much and it looks like the opportunity has played out. Where can we go to find new opportunities and use what we have learned? What a show we have for you today! Thank you to all of you who are piling on the questions about real estate. Last show we answered some questions about contractors. We didn’t get to them all and to be frank I don’t think I gave enough time to answering Marilyn’s question so we are going to address that one first. If you’re missing out on the REIA meetings, you’re just missing out. A new topic every week, but most importantly the questions. This is what makes the Flipping America REIAs one of the best things you can do. Small groups meeting together, asking their questions, looking for answers, and getting them. It’s people interacting, building friendships, business partnerships, and making things happen. Memberships start as low as $10/month. Flippingamericareia.com.  How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! 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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFunding Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.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. FlipCalcs allows you to enter one data set about a property and consider up to six deal ppossibilities.  “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. Topic: Contractors  Resources: https://www.nascla.org/page/LicensingInfo Your Questions: Send emails to questions@rogerblankenship.com Marilyn, Chattanooga, TN “I tell my contractor what I want, he says it won’t work and suggests something else, which I think will be ugly. We are talking about removing a wall. I want the beam up in the rafters and he says it’s too much trouble and expense. I don’t want the beam hanging down creating a visual divider. We had a big argument about it. When I came back to the site a couple of days later he was doing it the way he wanted. I lost my cool and yelled at him. He picked up his tools, loaded up his guys and left. Now I can’t get him back and he won’t answer his phone.” Peter, Baton Rouge, LA “Do you have a contract I could borrow? I need a template or something.” Juan, Pontiac, MI.. “How do you handle change orders?” Amero, Toledo, OH “We installed a new air conditioner unit outside. The next day it was stolen. The police don’t seem interested in trying to track this down - I guess they have more urgent things. They did tell me that the person who stole it knew how to disconnect it. What can I do to avoid this in the future?” Catherine, Kokomo, IN, “Can’t I just be my own general contractor and hire subs myself?” Adrian, Columbia, SC “What do you see as the up-and-coming innovations for real estate investing in 2020?” Candace, Orlando, FL “Our town is being overrun by newbie investors. They are paying too much and wholesalers are happy to charge them too much. I still need and want to flip houses, but I need some ideas. It’s getting really tough to find anything worth doing here.”  William, Long Beach, CA “I want rental income, but I want it from a source that makes sense. Buying here in southern California doesn’t make sense if you want cash flow. What do you suggest?” Danny, Pontiac, MI “I have owned shares in a couple of REITs for a few years. They are doing ok, but I wonder if there are other opportunities to invest I don’t know about. Sherman, Louisville, KY, “What do you think is the biggest opportunity in real estate in 2020? Vincent, Philadelphia, PA, “I just went to my first REIA meeting and WOW. I was stunned by everything people are doing. There are so many ways people are making money I’m truly astonished. My problem is, I don’t know what I need to focus on.” Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message!  Motivational Thoughts for the day   “The Road to Success is always under construction.” Arnold Palmer  

Today we are going to deal with one of the most often asked about topics that come to the show. Finding contractors. Or more specifically, finding GOOD contractors. A good contractor can make your business and a bad one can break it. Ask me how I know this. In a few minutes I will tell you what type of contractors you might need, how to find them, how to vet them, and how to manage them. All of this in response to questions from you!  How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! 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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFunding Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.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. FlipCalcs allows you to enter one data set about a property and consider up to six deal ppossibilities.  “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. News: Are we heading toward recession? From Goldman Sachs, Financial conditions continue to ease, which should be a tailwind for economic growth.  From HPS Insight, Consumer sentiment remains elevated Growth in revolving consumer credit is falling behind the increase in wages. According to TS Lombard, this indicator typically spikes heading into a recession or periods of perceived economic stress. TS Lombard John Burns Real Estate Consulting, Single Family construction permits continue to rise, now in the 9th year. (expansions typically last 2-5 years) Topic: Contractors  Resources: https://www.nascla.org/page/LicensingInfo Your Questions: Send emails to questions@rogerblankenship.com Arlene, Austin, TX, “I need help finding a good contractor. The guy I’ve been using has been ok, but he’s retiring.”  Sammy, Brookfield, WI, “Do I need to line up a contractor before I find a deal? If so, how do I do that? Kenneth, Lancaster, PA, “I was told to get three bids before beginning the work. I can’t even get someone to come out and give me one bid. How do you get three?” Michelle, Tampa, FL “I don’t have any problem finding contractors, but I need help knowing if they are any good. Can you offer some thoughts?” Wes, Jacksonville, FL, “What questions should I be sure to ask when I’m interviewing a contractor?” Beatrice, New Port Richey, FL, “What are the two or three most important things you look for when hiring a contractor?” Marcus, Boulder, CO, “How can I know whether the contractors are charging me a reasonable price?” Elliott, Pittsburgh, PA, “I was checking on a guy - seems like a real nice guy. But in the state records, I see he has had a couple of other companies that seem like they are in the same business. It’s almost like he shut down a company and then started another one just like the one before. Why would he do that and should this make me cautious?” Marilyn, Chattanooga, TN “I tell my contractor what I want, he says it won’t work and suggests something else, which I think will be ugly. We are talking about removing a wall. I want the beam up in the rafters and he says it’s too much trouble and expense. I don’t want the beam hanging down creating a visual divider. We had a big argument about it. When I came back to the site a couple of days later he was doing it the way he wanted. I lost my cool and yelled at him. He picked up his tools, loaded up his guys and left. Now I can’t get him back and he won’t answer his phone.” Peter, Baton Rouge, LA “Do you have a contract I could borrow? I need a template or something.” Juan, Pontiac, MI.. “How do you handle change orders?” Amero, Toledo, OH “We installed a new air conditioner unit outside. The next day it was stolen. The police don’t seem interested in trying to track this down - I guess they have more urgent things. They did tell me that the person who stole it knew how to disconnect it. What can I do to avoid this in the future?” Catherine, Kokomo, IN, “Can’t I just be my own general contractor and hire subs myself?” Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message!  Motivational Thoughts for the day   “There are TWO Rules for Success. 1. Never tell everything you know.” -Roger H. Lincoln  

We are getting a lot of questions about the Flipping America REIA so we’ve stored them up and today will answer as many of them as we can. I have some interesting news and the first lists of 2020, all coming up in a few minutes. Also today I’m going to introduce you to the new “Carpenter Index” from the American Enterprise Institute. The question behind the premise of the Carpenter Index is “they can build it, but can they afford it?” It’s a measure of whether or not the average carpenter can afford the average home in a city.  How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! 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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFunding Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.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. FlipCalcs allows you to enter one data set about a property and consider up to six deal ppossibilities.  “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. News: https://www.realestatedaily.com/news-items/real-estate-slowdown-spooks-investors-where-flipping-is-slowing-the-most/ https://www.housingwire.com/articles/home-renovation-boom-expected-to-weaken-in-2020/ https://www.realestatedaily.com/news-items/zillow-redfin-and-the-tinderization-of-the-real-estate-market/ https://www.aei.org/the-carpenter-index/ https://www.aei.org/op-eds/to-solve-the-problem-of-unaffordable-entry-level-housing-abolish-single-family-zoning/ https://www.nbcnews.com/news/world/airbnb-plans-remove-listings-israeli-west-bank-settlements-n938146 https://www.aei.org/best-and-worst-metro-areas-to-be-a-first-time-homebuyer/ https://www.aei.org/op-eds/to-solve-the-problem-of-unaffordable-entry-level-housing-abolish-single-family-zoning/ Topic: FAREIA Your Questions: Send emails to questions@rogerblankenship.com What are the main advantages of membership? Do you have a monthly plan? What comes with the Coaching membership? What’s the difference between online courses and mentoring? How do I advertise with the FAREIA? Is there a place to get free advice? Are you competing with local REIAs? There are a couple of other groups that call themselves national REIAs. How are you different from them? I’m feeling lost, can you help me? Is there a place to get free advice? Can someone help me with Deal Analysis? I have a deal I want to wholesale. May I introduce it to the group? I’m a hard money loan broker. Will you email my contact info to all your members? What are the qualifications to lead a local groups? Someone told me they make money leading a group. I see it actually costs $100/month. How do I make money? You were already doing two meetings a week. How is this different? Why make this change? Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message!  Motivational Thoughts for the day   “Think Big And Don’t Listen To People Who Tell You It Can’t Be Done. Life’s Too Short To Think Small.” -Tim Ferriss  

Today we are going to dedicate some time to answering your real estate questions. They’ve been building up for a minute and some of you have asked basic questions that need an answer. If you have questions about real estate or real estate investing, send them to questions@rogerblankenship.com. Or you can go to the website, rogerblankenship.com and leave us a voice mail. We promise you an answ er and we might even answer your question on the show.  How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! 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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFunding Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.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. FlipCalcs allows you to enter one data set about a property and consider up to six deal ppossibilities.  “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. News: https://www.housingwire.com/articles/former-fannie-mae-employee-gets-6-years-in-prison-for-making-1-million-on-shady-foreclosure-sales/?utm_campaign=Newsletter%20-%20HousingWire%20Daily&utm_source=hs_email&utm_medium=email&utm_content=81994043&_hsenc=p2ANqtz-8WxZmDKfR3cLEe-pL3xPhelL5iRcPY3XDcZ8cvpMyD5pZ4mKPOZit8EVco1IA_K8ErCCZpBoN44LSvqWpDAVaZojW9qxQotQUMDpIbldVDZOl7nOo&_hsmi=81994043 https://www.attomdata.com/news/market-trends/figuresfriday/top-10-most-least-affordable-rental-markets-in-2020/ https://www.attomdata.com/news/market-trends/figuresfriday/top-10-u-s-counties-with-foreclosure-start-increases-in-2019/ Your Questions: Send emails to questions@rogerblankenship.com Wanda, Atlanta, GA “I’ve been researching and studying. I just want to know, what do I do to really get started in this business? I don’t have much money so I think my best option is wholesaling, but how do I jump in and get started?” Adam, Milwaukee, WI, “I hear you talking about buying houses around the country. If I’m just getting started fixing and flipping should I stay more local?” Richard, Albany NY. Which would you rather have, 1 big flip in your own back yard that in six months will pay you $53,000 net, or 3 rental houses that together bring in $960 net of expenses. Rebecca, Pensacola, FL, “How do I get started in AirBnB?” Rich Munroe, 770-540-7638. Benton, Columbus, GA “I’m really struggling in all this. You and all the other gurus make is sound so easy. Why am I having such a hard time getting my first deal?” Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message!  Motivational Thoughts for the day   “The Person Who Says It Cannot Be Done Should Not Interrupt The Person Who Is Doing It.” – Chinese Proverb  

We have a great show coming up today. As of January 1, 2020, every real estate wholesaler in Illinois is required by law to be a licensed real estate agent. As you can imagine this has caused quite a stir in the real estate investing community. Wholesalers are coming out and accusing the Realtor lobby and the state of Illinois of a money grab. Others say the wholesaler community has brought this on themselves by their repeated lack of professionalism and willingness on the whole to take advantage of homeowners. Coming up in a few minutes I have Bob Floss the Second, a lawyer from Chicago who has extensive experience and practice in real estate law and even has his own YouTube channel. We are going to talk about this development.  When you combine this law with the recent NAR ruling that all licensed Realtors can no longer carry pocket listings but all properties must appear on the MLS within 24 hours, they are possibly are undermining the entire business model of the wholesaling industry. And before you shrug and say, “well that’s the Democratic Republic of Illinois - I’m not moving there and it doesn’t affect me.” I would have you know that lawmakers in other states are paying attention and the issues are not different in those other states. This law is very possibly coming your way soon.  Shut up and Dribble.  When I was in college, I had a class called Persuasive Speaking. This was a part of my double major in Speech Communications and Theology. We learned the principles of rhetoric as it is formally known, studied great persuasive speeches in history and then wrote and delivered our own. It was nerve wracking and difficult. The professor was extremely difficult to impress and for this I’m grateful. As a part of the course we surveyed the rules of logic. It was not a course in logic - that would be later on. But we were expected to understand and apply the basics.  For one of my assignments I delivered a speech on an alternative cancer treatment. During the speech I quoted a nationally known politician speaking favorably about the treatment and encouraging the FDA to approve it. That move got me a C on this assignment. Why? I appealed to authority, which is a good move, but the authority was not qualified to speak on the subject. Why? The politician was not a scientist or a doctor and his opinion on the treatment was not based on any scientific process or clinical study. Obviously I’ve never forgotten the lesson I learned. Everyone is entitled to his or her own opinion. And each person is, in this country free to share his or her opinion with whomever will listen. That doesn’t mean the person, no matter how famous or well-loved is informed, intelligent, or correct. It ONLY means they have the ear of a lot of people. For example, there are those in our society who have a special ability to run very fast while bouncing a ball on the floor, jumping very high and throwing that ball into a hoop. Of course I’m talking about basketball. The NBA has about 400 of the best in the world at this special skill. Believe me when I say it’s a lot harder than they make it look. It truly is a special and marvelous skill. But the mere fact that a person possesses this special skill does not guarantee that they are smart, that they ever think things through, or even know how to read. In fact many of them, if not most barely have a high school education. And that’s ok. They have a skill that will enable them to make millions. And they are entitled to their opinion. But I’m not obligated to take their opinion seriously, unless its about their area of expertise. There are others whose special skill is convincingly pretending to be someone else. I’m talking about actors. This is far more difficult than you could imagine and those who are truly proficient in this are rare indeed. But the ability to pretend to be someone else and recite clever lines someone else has written, or even ad lib your own, does not make that person an authority on anything other than their area of expertise - pretending to be someone else. And now I’m going to prove to you that being a great athlete or actor does not automatically make you smart. If you’re smart you know that the public is about evenly divided in the political debate. You should also know that if you publicly express your political opinions you are going to alienate about half of the population. And if you were truly smart, you would know that although you have a right to express yourself, doing so might be a bad business decision. The fact that so many actors and athletes now feel it is their duty to express their thoughts about issues unrelated to their expertise and genuinely believe people should listen to them simply because they are famous reveals precisely how smart they are NOT.  You are all entitled to your opinion. You are all entitled to express it. But NO ONE is obligated to take you seriously.  On the other hand, I have my own special skill. I think and talk for a living. I research, study, analyze, consider history, ponder possibilities, and express these things as a part of my career. I know a few people who think my skills in this are at an elite level. If you should listen to ANYONE who wants to express their thoughts, it seems like you should listen to someone who actually thinks at a high level for a living, right? But even then, you will notice that I studiously avoid political debate on this show. Why do I do that? Because a) this show is not about politics and 2) I see no reason to alienate half of y’all. I realize that the occasional expression of my faith may be off-putting, but I’m pretty sure I’m don’t take an “in-your-face” type posture about any of this. Why? Because I’m not here to fight. I’m here to inform, inspire, and entertain.  So the next time you see some outrageous or provocative comment from someone famous, ask yourself whether this person has the standing or authority to speak knowledgeably on the subject.  You’ve heard the expression “haters gonna hate”? Well here’s a corallary to it: “Dummies gonna dumb”. Then let it go.  How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! 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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFunding Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area.   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. FlipCalcs allows you to enter one data set about a property and consider up to six deal ppossibilities.  News: https://www.forbes.com/sites/heathersenison/2020/01/07/five-questions-your-real-estate-agent-legally-cannot-answer/#104d90c41755 Topic: Wholesaling and Licensing Your Questions: Send emails to questions@rogerblankenship.com Rhonda, Pottstown, PA. “I’m about to buy my first rental. There’s a guy at the local REIA who says he can do rental loans. Why wouldn’t I just go to my bank and get the loan?” Geraldine, Villages of Ocala, FL “How many properties to I need to own in order to retire? I have three.”  Vince, Covington, GA, “Looking at a deal right now. The guy wants $160,000. He’s pretty much finished the rehab. It just needs appliances, which I can put in for about $3,000. The ARV is $180,000. Is this too tight? I want to wholesale it.” Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message!  Motivational Thoughts for the day   “Being realistic is the most commonly traveled road to mediocrity.” Will Smith  

The show is called Flipping America and flipping properties is a great way to make a living. But it is not a method for accumulating wealth in real estate. It’s a business that will throw off cash but that will stop when you do. If you want to create wealth through real estate you must own income-producing properties. Our guest today, Kathy Fettke has mastered the process of not only buying these properties, but showing others how and creating a means by which YOU can participate without all of the work. I’ve been on her mailing list for quite some time and I have great respect for the work she has been doing. It’s an honor to have her on the show today and she will join us in just a few minutes.  How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! 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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFunding Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area.   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. FlipCalcs allows you to enter one data set about a property and consider up to six deal ppossibilities.  News: Topic: Kathy Fettke, Turn Key Rentals Your Questions: Send emails to questions@rogerblankenship.com Richard, Jackson, GA “What are your thoughts about flipping houses in a small town? We are about 40 miles south of metro Atlanta.” Kenneth, Birmingham, AL “I’m a licensed Realtor in Hoover and I see houses flying off the shelves with no sign of slowing down. But I turn on the TV or check articles online and see people talking about the coming real estate crash. This doesn’t square with my experience and I wonder if you could share some thoughts about this. Is the market about to crash in some locations but not others?” Teresa, Alexandria, VA, “How much does your rehab analyzer cost?” David, Austin, TX, “I’m brand new to all of this. What is a subject-to purchase? I was at a REIA meeting and heard people talking about it.” Jackie, Colorado Springs, CO, “My husband and I are looking to buy our first property and we are considering a duplex. We would live on one side. Our tenant would almost cover the mortgage payment with her rent. Seems like a good plan. Have you ever heard of someone doing this? We would move out when we start our family and just rent both sides. And can you help us with any resources for landlording?” Rhonda, Pottstown, PA. “I’m about to buy my first rental. There’s a guy at the local REIA who says he can do rental loans. Why wouldn’t I just go to my bank and get the loan?” Geraldine, Villages of Ocala, FL “How many properties to I need to own in order to retire? I have three.”  Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message!  Motivational Thoughts for the day   “Give a man a mask and he will show you his true face.” -Oscar Wilde    

Real Estate Investing is SO much more than single family homes. With all of the television shows regarding fixing up houses, it’s easy to forget there are other asset classes. 17% of the American population live in apartments. Apartment investing can be a terrific source of cash flow. Yes they are more expensive and yes the due diligence process is more involved, but it’s not that much more complicated than single family investing. Contrary to popular belief, you do not need to start with single family and “graduate” to apartments. It’s possible to start with apartments! Our guest today, Lance Edwards has been investing in multi-family for many years and now teaches people how to do it. He’s the author of “Big Profits in Small Apartments” and in today’s edition of Flipping America, you’ll learn how you can get your copy of this great book for free.    Plus we will get to some of your questions today. We appreciate the questions - keep em coming!   How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! 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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFunding Announcements: We normally meet every Wednesday and Thursday . No meetings in December.  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/fha-fannie-mae-freddie-mac-are-all-now-backing-larger-loans/ https://www.housingwire.com/articles/where-will-the-hottest-housing-markets-be-in-2020-go-south/ https://www.housingwire.com/articles/u-s-construction-spending-rises-4-1-from-november-2018/ https://www.housingwire.com/articles/mortgage-rates-start-2020-well-below-last-years-average/ Topic: Lance Edwards, Apartments Your Questions: Send emails to questions@rogerblankenship.com Alphonso, Ringgold, GA, “I have a written a couple of contracts for flips and thought I had good deals, but the hard money lenders I spoke with wouldn’t fund them. They told me they weren’t good enough deals. Can you recommend a different hard money lender?” Caroline, Huntsville, AL, “I just moved to Alabama from California. I have an LLC in California and own a couple of rentals in Utah. I’m about to start buying rentals in Alabama and Tennessee. Do I need to set up an LLC here?” Ashraf, Long Beach, CA, “How does one find rental properties in another state? I do not wish to purchase in California.” Marcus, Milwaukee, WI, “I’m following your lead bro. I just bought a house in Des Moines, IA. I need to get a few things fixed before I seller finance it to someone. How do I find someone over there?” Dawson, Port St. Lucie, FL, “What is your opinion about buy and hold properties along the Atlantic coast? The money seems good, but I worry about hurricanes.” Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message!  Motivational Thoughts for the day   "Educate your children to self-control, to the habit of holding passion and prejudice and evil tendencies subject to an upright and reasoning will, and you have done much to abolish misery from their future and crimes from society." - Ben Franklin      

Real estate investing is profitable, interesting, and can even be a little bit fun. What can enhance all of these feelings is to invest in real estate and not pay taxes on your profit. This is entirely possible, legal, and yes the IRS knows all about it. How can this be accomplished? The Self-Directed Roth IRA. You can set up a retirement account that invests in real estate - even if you already have a 401k or other retirement account at your job. And if you have an old 401k from a previous employer, you can convert that to a self-directed account that will allow you to invest in real estate. There are rules and limitations of course, but also a world of possibilities. Today I’m joined by Mike Ventry of American IRA. American IRA is one of the finest providers of this service in America and we will explain why shortly. Mike Ventry is one of the most knowledgeable and credible people in the industry and you’ll see why in just a few minutes as he joins us.  How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! 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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFunding Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.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. FlipCalcs allows you to enter one data set about a property and consider up to six deal ppossibilities.  “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. News: https://www.forbes.com/sites/heathersenison/2020/01/07/five-questions-your-real-estate-agent-legally-cannot-answer/#104d90c41755 https://www.marketwatch.com/story/5-ways-the-housing-market-will-surprise-us-all-in-2020-2020-01-13 https://www.marketwatch.com/story/this-ghost-of-the-housing-bubble-still-haunts-the-home-mortgage-market-2020-01-15?ns=prod/accounts-mw https://www.corelogic.com/insights/loan-performance-insights-report.aspx?WT.mc_id=crlg_200114_vKK7e&elqTrackId=63a710eee054491d9c54bb6bfbfafd30&elq=23d266705b894df39dacaf96d897b7fa&elqaid=20681&elqat=1&elqCampaignId=11853 https://www.corelogic.com/insights/home-price-index.aspx?WT.mc_id=crlg_200107_5yUEv https://www.housingwire.com/articles/former-fannie-mae-employee-gets-6-years-in-prison-for-making-1-million-on-shady-foreclosure-sales/?utm_campaign=Newsletter%20-%20HousingWire%20Daily&utm_source=hs_email&utm_medium=email&utm_content=81994043&_hsenc=p2ANqtz-8WxZmDKfR3cLEe-pL3xPhelL5iRcPY3XDcZ8cvpMyD5pZ4mKPOZit8EVco1IA_K8ErCCZpBoN44LSvqWpDAVaZojW9qxQotQUMDpIbldVDZOl7nOo&_hsmi=81994043 Topic: Self Directed Real Estate Investing. Your Questions: Send emails to questions@rogerblankenship.com Alison, Pittsburgh, PA, “I’m having such a hard time finding a deal. It seems like every wholesaler is just charging whatever they want and getting it. What would you suggest?” Kurt, Anderson, IN, “I’ve accumulated a bit of cash ($200,000) and want to put it into something but I don’t want the hassle of rentals. Any suggestions?” Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message!  Motivational Thoughts for the day   “Being realistic is the most commonly traveled road to mediocrity.” Will Smith  

Ivan tells you how consistency trumps talent. you can check him out at https://ivanoberon.civicfs.com/

For the past few shows I’ve been looking back over 2019 and looking ahead to 2020. I hope you’ve enjoyed the thorough research, astute observations and keen insights. But hey, I’m not the only one thinking about these things. Today I’m joined by a handful of people whose opinions I respect. Gordon Catts has been in this industry since 1970 and has done every possible thing in real estate you can do. John Durham is one of the leading real estate brokers in the Atlanta area. Jeff Holst is an accomplished multi-family investor. They will join me in looking back at some of the big real estate stories of 2019 and tell us what they think the big stories will be in 2020. How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! 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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFunding Announcements: We normally meet every Wednesday and Thursday but we are done for the holidays. No meetings in December.  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.   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   "You rarely have time for everything you want in this life, so you need to make choices. And hopefully your choices can come from a deep sense of who you are." - Mr. Rogers  

2019 has been interesting and it’s hard to believe it’s already over, but it’s time for us to pull the cover off our crystal ball and share with you what we see coming in 2020. We do that today with my TOP TEN Real Estate Investing predictions for 2020.  How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! 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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFunding FlipCalcs: One data set, multiple possibilities Flipping America REIA. National REIA, local focus. Announcements: We normally meet every Wednesday and Thursday but we are done for the holidays. No meetings in December.  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: Another City Is Paying Newcomers to Move There https://magazine.realtor/daily-news/2019/12/17/another-city-is-paying-newcomers-to-move-there Residential Construction To ‘Increase Substantially’ Come 2020 https://www.forbes.com/sites/alyyale/2019/12/18/residential-construction-to-increase-substantially-come-2020/#3fc0dc7f41ff   in 2020 https://www.nreionline.com/hotel/hotel-sector-looks-poised-another-strong-performance-2020 These Markets Will Be the Best Bets for Multifamily Investments in 2020 https://www.nreionline.com/multifamily/these-markets-will-be-best-bets-multifamily-investments-2020 The Nine Most Resilient U.S. Office Markets https://www.nreionline.com/office/nine-most-resilient-us-office-markets Topic: The Prediction Show! Recap: The Big Stories of 2019 SALT deduction above 10k affects sales of expensive properties Luxury market already losing speed - getting back to normal. Sub-luxury still hot. Lack of inventory, strong resales.  Chronic shortage of new housing starts, especially in starter home category. iBuyers make a splash. Class-Action Suit against the NAR. (the story that wasn’t. Almost no impact in brokers’ daily lives) Rent controls. Oregon and California. U.S. next? House Flipping at an all time high in 2018 (10% of all homes sold). Back down to around 5% in 2019. House Flipping profits are at a 10 year low. Zillow is about to become the Google of real estate. If they ever turn an actual profit, watch out! Smart home technology comes of age. 2020 Predictions Housing inventory shortage will continue, particularly in starter home class.  Hopeful signs: New home permits up in the 4th quarter 2019. Millennials and now older Gen Z’s will buy homes, keeping housing market stable Coastal markets will see flattening of prices, reductions in LA, San Fran, Seattle, NYC, Miami, Boston Wholesaling in Illinois. Jan 1, wholesalers must be licensed realtors.  Rent controls Forced shelter for homeless in new construction - Portland.  Looming government interference Oregon and California, now New York Illinois Nationwide? Interest rates to remain low, may see all-time low mortgage rates. Lending guidelines remain tight Default and foreclosure rates remain at all-time low rates.  Low inventory gives no incentives to loosen lending guidelines.  No housing crisis in the next six months. Low probability of housing crisis in the next two years.  Exceptional markets down - aformentioned coastal areas plus Chicago, St. Louis and Kansas City. down 1-3%.  Exceptional markets up - 3.5-4% gains Nationwide, prices will tend toward on pace with inflation - 2.8-3.2% Billings and Missoula, MT,  Sioux Falls and Rapid City,  SD Tampa, FL,  Memphis,  Raleigh-Durham, NC,  Mobile, AL,  Huntsville, AL,  Columbus, GA Chattanooga, TN Tuscon, AZ Lower profits Weeding out process - many will leave the business altogether.  House flipping markets will become more efficient in major cities.  AirBnB Self-Storage Seller Financing Inexpensive Houses Alternative small investor strategies will catch fire in 2020. Overall Housing market will resume its rightful position in the economy - a relatively minor player.  Retail brick and mortar will struggle. Increased vacancies and store closures. iBuyers will all raise new money and increase areas of operations. None will turn a profit.  If Trump is re-elected, Fannie Mae and Freddie Mac will announce plans to go private with an IPO in 2021. Private solutions for affordable housing will begin to make headlines. According to the Economic Innovation Group (EIG), "as of October 2, 2019, 115 listed funds have identified affordable and workforce housing, as well as community revitalization, among their investment priorities—a nearly four-fold increase since the beginning of 2019." Most of these developments are focused on providing affordable housing for wage earners who make around 40% to 70% of the area median income. Opportunity Zone investments will lessen in 2020, but it won’t be over. the best OZ deals may be found in 2020. 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   "Often out of periods of losing come the greatest strivings toward a new winning streak." - Mr. Rogers  

Today we continue the Market Report with an in-depth look at the housing market. What happened 2019? What are the stories that will shape the housing market in 2020? What changes are taking place in the home reselling industry. The news segment today will bring you up to date with the latest in the housing market and in the second half of the show I’m going to share with you my top Ten real estate stories of 2019.  How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! 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.  Follow us on Social Media: Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFunding FlipCalcs: One property, Many possibilities.  Flipping America REIA, a National REIA with a Local Focus Announcements: We normally meet every Wednesday and Thursday but we are done for the holidays. No meetings in December.  Coming in 2020: The Flipping America REIA.  45 Weeks, 2 meetings per week.  15-20 minutes of focused content unavailable to the general public. 15-20 minutes of real estate and small business Q&A. Wednesdays 12-2, Thursdays 7-9.  Local groups all over America joining the videocast at 1 and/or 8.   We have three apps in the app store: Flipping America is the app where you can listen to the show. The Flipping America Network is where you can buy and sell investment properties. And Property Grade allows you to evaluate properties using the proprietary Flipping America Property Grade algorithm. Answer 10 questions about the deal and immediately learn what you can expect to make the ROI, the ROC and see a letter grade for the property.  News: Real Estate Wins in Government Spending Bills https://magazine.realtor/daily-news/2019/12/17/real-estate-wins-in-government-spending-bills Home Flipping Is Losing Fans https://magazine.realtor/daily-news/2019/12/17/home-flipping-is-losing-fans Home Flipping Activity in U.S. Drops 13 Percent in Q3 https://www.worldpropertyjournal.com/real-estate-news/united-states/irvine/attom-data-solutions-2019-us-home-flipping-report-real-estate-news-home-flipping-data-bank-foreclosure-sales-maksim-stavinsky-roc-capital-11718.php  Housing is in the middle of an inventory crisis. Here’s why https://www.housingwire.com/articles/housing-is-in-the-middle-of-an-inventory-crisis-heres-why/ House Federal Funding Legislation Brings Certainty, Stability to Housing Market https://www.nar.realtor/newsroom/house-federal-funding-legislation-brings-certainty-stability-to-housing-market Topic: Market Report: Housing America's housing market is coming back to life just in time to boost the 2020 economy https://www.cnn.com/2019/12/17/economy/housing-market-economy-2020/index.html US housing starts rise more than expected, with permits at a 12-1/2-year high https://www.cnbc.com/2019/12/17/us-housing-starts-building-permits-november-2019.html Homebuilder confidence jumps to highest level in 20 years https://www.cnbc.com/2019/12/16/homebuilder-confidence-jumps-to-highest-level-in-20-years.html The Big Housing Stories in 2019 SALT deduction above 10k affects sales of expensive properties Luxury market already losing speed - getting back to normal. Sub-luxury still hot. Lack of inventory, strong resales.  Chronic shortage of new housing starts, especially in starter home category. iBuyers make a splash. Class-Action Suit against the NAR. (the story that wasn’t. Almost no impact in brokers’ daily lives) Government interference to solve a government-caused problem. Why are rents so high? A central driver of higher home prices in some communities is the heavy regulation of housing markets by localities. This includes “overly restrictive zoning and growth management controls; rent controls; cumbersome building and rehabilitation codes; excessive energy and water efficiency mandates; unreasonable maximum-density allowances; historic preservation requirements; overly burdensome wetland or environmental regulations; outdated manufactured-housing regulations and restrictions; undue parking requirements; cumbersome and time-consuming permitting and review procedures; tax policies that discourage investment or reinvestment; overly complex labor requirements; and inordinate impact or developer fees.” Based on an assumption that investors will act in a manner detrimental to their own self-interest. As long as there are greener pastures and easier places to do business investors will go there. This creates shortages in the places they leave behind. Creates advantages for those presently in place. Creates shortages and disadvantage for everyone else. LA has had rent controls (1978) - and 60,000 homeless.  Washington DC has rent controls (1985) and the largest per capita homeless rate on the east coast.  Rent controls. Oregon and California. U.S. next? House Flipping at an all time high in 2018 (10% of all homes sold). Back down to around 5% in 2019. House Flipping profits are at a 10 year low. Ad sales Buyer program Agent referrals Mortgage company Other services (title company, moving services).. Zillow is about to become the Google of real estate. If they ever turn an actual profit, watch out! Many options Affordable - thanks to competition Smart home technology comes of age. 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   "Love and success, always in that order. It's that simple AND that difficult." -Mr. Rogers  

We are continuing today with our shows to wrap up the year and look to the new year. Today I have a couple more lists for you - the top cities to invest in office space and the top 30 high-tech employment cities - also good places to invest in office space.  The primary focus for today’s show is the Market. Today we are looking at the overall economy. We will consider 2019 and peek ahead to 2020, but no predictions until the prediction show, coming up in a week. Next time we are going to zero in on the housing market and look back and peek forward like we are doing with the economy today.  To wrap up the year we are going to do the Crystal Ball show, where I make some predictions about 2020, and we will do the looking back, looking ahead show featuring some show guests from this past year.  How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! 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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFunding FlipCalcs: One property, Many possibilities.  Announcements: We normally meet every Wednesday and Thursday but we are done for the holidays. No meetings in December.  Coming in 2020: The Flipping America REIA.  45 Weeks, 2 meetings per week.  15-20 minutes of focused content unavailable to the general public. 15-20 minutes of real estate and small business Q&A. Wednesdays 12-2, Thursdays 7-9.  Local groups all over America joining the videocast at 1 and/or 8.   We have three apps in the app store: Flipping America is the app where you can listen to the show. The Flipping America Network is where you can buy and sell investment properties. And Property Grade allows you to evaluate properties using the proprietary Flipping America Property Grade algorithm. Answer 10 questions about the deal and immediately learn what you can expect to make the ROI, the ROC and see a letter grade for the property.  News: https://www.ccn.com/full-blown-us-housing-market-crisis-on-the-way/ https://www.housingwire.com/articles/heres-what-will-happen-in-multifamily-real-estate-in-2020/ FTC slaps duo with $6M fine for defrauding Section 8 renters https://www.inman.com/2019/12/17/ftc-slaps-duo-with-6-million-fine-for-defrauding-section-8-renters/ The Nine Most Resilient U.S. Office Markets https://www.nreionline.com/office/nine-most-resilient-us-office-markets https://www.nreionline.com/office/overview-cbres-2019-tech-30-markets/gallery?curr=23&slide=1 There Is Still Opportunity In Opportunity Zones https://www.forbes.com/sites/forbesrealestatecouncil/2019/12/17/there-is-still-opportunity-in-opportunity-zones/#2ed2c0767acd Topic: Market Report: Overall Economy Looking back at 2019 https://www.forbes.com/sites/billconerly/2019/08/15/how-bad-is-the-us-economy-in-2019/#2f49b7dd2e10 https://www2.deloitte.com/us/en/insights/economy/us-economic-forecast/united-states-outlook-analysis.html https://www.thebalance.com/us-economic-outlook-3305669 https://www.whitehouse.gov/articles/economy-reaches-longest-expansion-in-u-s-history-in-third-quarter-of-2019-beats-market-expectations/ https://ig.ft.com/sites/numbers/economies/us/ https://www.bbc.com/news/world-45827430 https://www.cnn.com/2019/10/30/economy/us-gdp-third-quarter/index.html Looking ahead to 2020 https://www.bloomberg.com/news/features/2019-10-24/the-u-s-will-likely-avoid-recession-in-2020-here-s-why https://www.washingtonpost.com/business/2019/12/15/us-economy-shakes-free-recession-fears-striking-turnaround-since-august/ https://www.thebalance.com/top-economic-predictions-for-the-next-10-years-3305699 https://markets.businessinsider.com/news/stocks/goldman-sachs-us-economy-2020-predictions-growth-jobs-recession-risk-2019-11-1028724040 https://www.nytimes.com/2019/08/17/upshot/how-the-recession-of-2020-could-happen.html https://fortune.com/2019/11/25/recession-coming-in-2020-us-economy-fortune-poll/ Summary: GDP numbers are good American economy dwarfs the world economy. Unemployment at 50-year low. Manufacturing is not strong. Tech and information is booming. Housing is stable (more next show). Interest rates will remain low. Inflation is in the goldilocks range. 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's not the honors and the prizes and the fancy outsides of life which ultimately nourish our souls. It's the knowing that we can be trusted, that we never have to fear the truth, that the bedrock of our very being is good stuff." - Mr. Rogers  

One of the investment criteria used by nearly everyone across all asset classes is population growth. We want to know where people are leaving and TO where they are moving. If the communities receiving the influx of population has the job stability to accommodate the new people it’s going to need more housing. This is where we can step in either with flips, new construction, rental houses or apartments. So today we are going to take a look at populations trends across the United States.  How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! 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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFunding Flipping America REIA. Membership is $100/year.      Free admission to all networking events (potential savings of $900)     15% off all live training events. (Typically priced around $500, for a savings of $75 each).     15% off all online courses (typically priced around $300, for a savings of $45 each).  We also have sponsor memberships which include all of the benefits of individual membership plus some great savings for sponsors.   Announcements: The Flipping America REIA meets every Wednesday from 12-2 and Thursdays from 7-9. Members get access to the weekly dose of content, plus a live Q&A with 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: Metropolitan Median Area Prices and Affordability https://www.nar.realtor/research-and-statistics/housing-statistics/metropolitan-median-area-prices-and-affordability Housing in 2020 will be most challenging for buyers: Economist https://www.cnbc.com/video/2019/12/04/housing-in-2020-will-be-most-challenging-for-buyers-economist.html Top 8 Destinations for Winter Vacation Home Buyers https://magazine.realtor/daily-news/2019/12/09/top-8-destinations-for-winter-vacation-home-buyers Shrinking Homes, More Millennial Buyers Top 2 U.S. Housing Market Predictions for 2020 https://www.worldpropertyjournal.com/real-estate-news/united-states/seattle/real-estate-news-millennial-home-buyer-report-for-2020-zillow-housing-data-top-real-estate-trends-for-2020-shrinking-homes-trend-skylar-olsen-11716.php 10 Markets Expected to Explode in 5 Years https://magazine.realtor/daily-news/2019/12/11/10-markets-expected-to-explode-in-5-years Topic: Population Trends https://www.pewresearch.org/fact-tank/2019/04/11/6-demographic-trends-shaping-the-u-s-and-the-world-in-2019/ https://www.pewsocialtrends.org/essay/an-early-look-at-the-2020-electorate/ https://www.smithsonianmag.com/travel/the-changing-demographics-of-america-538284/ https://www.brookings.edu/blog/the-avenue/2018/12/21/us-population-growth-hits-80-year-low-capping-off-a-year-of-demographic-stagnation/ https://www.pewsocialtrends.org/topics/population-trends/ https://www.census.gov/programs-surveys/popproj.html https://www.census.gov/newsroom/press-releases/2018/cb18-41-population-projections.html https://www.prb.org/aging-unitedstates-fact-sheet/ https://www.insurancejournal.com/news/national/2018/03/14/483198.htm https://populationeducation.org/six-important-us-population-trends-will-shape-americas-future/ https://www.kff.org/other/state-indicator/distribution-by-age/?currentTimeframe=0&sortModel=%7B%22colId%22:%22Location%22,%22sort%22:%22asc%22%7D https://www.livingfacts.org/en/topics/trends?utm_campaign=adwords_sustained&utm_source=adwords&utm_medium=paid&utm_content=trends&utm_term=ad2&gclid=CjwKCAiA58fvBRAzEiwAQW-hzYU4pVK84N85BTLpLsmFSB9ziLXLm3eGp6wx3ARhoLya15oFwy-2FhoC9bwQAvD_BwE https://www.escapehere.com/destination/the-15-most-unfriendly-cities-in-america/?utm_medium=cpc&utm_source=google&utm_campaign=EH_GGL_US_DESK-SearchETA&utm_content=g_c_290431924708&cus_widget=kwd-299238419439&utm_term=people%20in%20the%20usa&cus_teaser=&utm_acid=6088014985&utm_caid=854205535&utm_agid=52249442811&gclid=CjwKCAiA58fvBRAzEiwAQW-hzch9mutjXZnH-InwF7Re0uNnR4loi0Ld5XvSUf4Ct9tVraQduuoY5BoCVqAQAvD_BwE https://www.pewresearch.org/fact-tank/2018/04/25/7-demographic-trends-shaping-the-u-s-and-the-world-in-2018/ https://www.census.gov/dataviz/visualizations/024/ https://www.ers.usda.gov/topics/rural-economy-population/population-migration/shifting-geography-of-population-change/ Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message!  Motivational Thoughts for the day   "I don't think anyone can grow unless he's loved exactly as he is now, appreciated for what he is rather than what he will be." -Mr. Rogers  

We are continuing today with our year-  end series on “Best Places.” Today we discuss the best places to own a short-term rental. AirBnB is the dominant player in the short term rental provider, but we should also mention VRBO, Vacation Rentals By Owner, and a variety of other AirBnb Competitors. In fact I’m going to share a list of them with you and try to list the distinctive differences, if any. But make sure you pay attention to the news. AirBnB is getting hammered in some cities, who in spite of their rhetoric seem to have found another revenue stream for themselves.  How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! 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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFunding Announcements: We normally meet every Wednesday and Thursday but we are done for the holidays. No meetings in December.  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: Airbnb has removed thousands of listings in Boston as new rule takes effect ahead of the company’s presumed IPO next year https://www.cnbc.com/2019/12/03/in-boston-airbnb-tasked-with-removing-thousands-of-illegal-listings.html FHA Loan Limits Are Increasing in 2020 https://magazine.realtor/daily-news/2019/12/06/fha-loan-limits-are-increasing-in-2020 6 Global Tech Startups to Watch in Real Estate https://magazine.realtor/daily-news/2019/12/10/6-global-tech-startups-to-watch-in-real-estate Cash-Out Refinancing Jumps; Homeowners Tap $36B In Equity https://www.forbes.com/sites/alyyale/2019/12/10/cash-out-refinancing-jumps-homeowners-tap-36b-in-equity/#54480e9a646c Know In Which Real Estate Market to Inves https://money.usnews.com/investing/real-estate-investments/articles/know-in-which-real-estate-market-to-invest Alternatives to AirBnB https://www.tripping.com/industry/rental-companies/9-airbnb-competitors-that-you-should-know-about https://www.curbed.com/2016/12/13/13933554/airbnb-vacation-rental-alternatives Topic: Best Places for AirBnB Best Cities to Buy Airbnb Investment Property https://www.ipx1031.com/best-cities-to-buy-airbnb-investment-property/ Where Investors Are Taking Advantage of Airbnb 2019 https://smartasset.com/financial-advisor/where-investors-are-taking-advantage-of-short-term-rental-market-2019 The Most Profitable Airbnb Cities In The U.S. https://www.forbes.com/sites/amydobson/2019/06/24/the-most-profitable-airbnb-locations-in-the-us/#e0c755322714 Airbnb Bliss: Top 10 Cities Where Vacation Rentals Rake in the Most Cash https://www.realtor.com/news/trends/10-best-cities-to-own-an-airbnb-rental-property/ SHORT-TERM RENTAL STRATEGY: BEST CITIES FOR AIRBNB RENTAL INCOME https://www.mashvisor.com/blog/best-cities-for-airbnb-rental-income-2019/ 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   "How many times have you noticed that it's the little quiet moments in the midst of life that seem to give the rest extra-special meaning?" -Mr. Rogers  

Today is the annual multi-family wrap up show for 2019. We are going to update you on the latest multi-family news, give you a few thoughts and tips about investing in multi-family and end up the show sharing with you the best places in the US to buy them, according to the statistics we have available to us.  How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! 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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFunding Announcements: We normally meet every Wednesday and Thursday but we are done for the holidays. No meetings in December.  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: iBuyers are not ripping consumers off. Are they?  https://www.housingwire.com/articles/are-ibuyers-ripping-off-sellers/?utm_campaign=Newsletter%20-%20HousingWire%20Daily&utm_source=hs_email&utm_medium=email&utm_content=80440425&_hsenc=p2ANqtz--Ivv4N-06cJ6Yz8EgnhJVPFyVAGG3q4ra5f5D4clROph2f28A6P_0xsJJPZDJyPIxiZvAYhvfn5YlpHcyD_npv6LlTD_WytwIEaFbhrVmLyEJxfxc&_hsmi=80440425 On the other hand… https://www.isoldmyhouse.com/ibuyers-guide/ And… https://www.marketwatch.com/story/selling-your-home-to-an-ibuyer-could-cost-you-thousands-heres-why-2019-06-11 (11% less!) Expect Continued Economic Growth, Slower Real Estate Price Gains and Small Chance for Recession in 2020, According to Group of Top Economists https://www.nar.realtor/newsroom/expect-continued-economic-growth-slower-real-estate-price-gains-and-small-chance-for-recession-in Multifamily REITs Are Once Again in Acquisition Mode https://www.nreionline.com/multifamily/multifamily-reits-are-once-again-acquisition-mode Why Multifamily Investors Are Betting on Affordable Housing in 2020 https://www.multifamilyexecutive.com/business-finance/why-multifamily-investors-are-betting-on-affordable-housing-in-2020_o Will Apartments Be A Good Investment In 2020? https://www.forbes.com/sites/forbesrealestatecouncil/2019/12/10/will-apartments-be-a-good-investment-in-2020/#4af069453683 Five Reasons To Consider Investing In Residential Condos https://www.forbes.com/sites/forbesrealestatecouncil/2019/12/10/five-reasons-to-consider-investing-in-residential-condos/#50e15f3954c7 Topic: Best Places for Multi-family/Commercial Criteria: Employment Growth Population Stability New apartment construction (less is better) Rent trends Vacancy rates Cap rates (the local market and the property itself) Cash flow http://milesdevelopmentgroup.com/buying-criteria/ http://www.themultifamilyinvestor.com/our-investment-criteria/ https://money.usnews.com/investing/real-estate-investments/articles/2017-12-04/7-tips-to-invest-in-multifamily-property https://www.quora.com/What-are-key-purchasing-criteria-for-multi-family-apartment-building-investments Best Places https://www.multifamily.loans/apartment-finance-blog/what-are-the-best-cities-for-multifamily-investing https://www.nreionline.com/multifamily/ranking-top-multifamily-markets https://www.mashvisor.com/blog/best-multifamily-markets-2019-high-cap-rate/ https://www.fortunebuilders.com/multifamily-investment-property/ 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   "Forgiveness is a strange thing. It can sometimes be easier to forgive our enemies than our friends. It can be hardest of all to forgive people we love. Like all of life's important coping skills, the ability to forgive and the capacity to let go of resentments most likely take root very early in our lives." -Mr. Rogers  

Hey everyone! We are back with our Best Places Series and today we are going to be talking about the best places to own rental properties in 2019 and probably 2020 as well. I have a bunch of websites and a variety of opinions about this and again, it all comes down to the criteria and weighting factors used in developing the scoring system. Carissa from Macon, GA asked me to explain the weighting factors and what I mean by that. So I will. It comes from the world of statistical analysis. Let’s take for example the Flipping America Property Grade.  Mileage - a factor, but not as important as the profit.  Profit not as important as ROI, but profit still should be above 20k to make it worth your while.  How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! 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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFunding Announcements: We normally meet every Wednesday and Thursday but we are done for the holidays. No meetings in December.  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: Fed Cuts Rate for Third Time This Year, Hints at Pause https://www.realtor.com/news/real-estate-news/fed-cuts-rate-for-third-time-this-year-hints-at-pause/ Multifamily Investors Are Spending More Capital in Secondary and Tertiary Markets https://www.nreionline.com/multifamily/multifamily-investors-are-spending-more-capital-secondary-tertiary-markets Closing on a House: 10 Common Problems to Spot in a Final Walk-Through https://realestate.usnews.com/real-estate/articles/closing-on-a-house-10-common-problems-to-spot-in-a-final-walk-through What’s the Impact of Nearby Transit on Office and Multifamily Property Values? https://www.nreionline.com/finance-investment/what-s-impact-nearby-transit-office-and-multifamily-property-values Most U.S. Home Building Primarily in Millennial Areas in 2019 https://www.worldpropertyjournal.com/real-estate-news/united-states/atlanta-real-estate-news/real-estate-news-national-association-of-home-builders-home-building-geography-index-hbgi-single-family-housing-production-data-for-2019-robert-dietz-11707.php Topic: Where to own Rentals  Our Criteria Population stable - not declining Strong middle class employment picture Relatively low home prices Quality of schools Stability of neighborhoods Potential long-term upside https://www.realwealthnetwork.com/learn/best-places-to-buy-rental-property/?gclid=CjwKCAiAlajvBRB_EiwA4vAqiEnKnNzepkihunLgwyl16vlCj_9V_0p5m91Gdh2D5ywJDNJEMG6pfhoChwcQAvD_BwE https://www.doughroller.net/real-estate-investing/8-best-u-s-housing-markets-for-real-estate-investing/ https://finance.yahoo.com/news/best-worst-cities-own-investment-090000378.html https://www.gobankingrates.com/investing/real-estate/best-worst-cities-own-investment-property/ Your Questions: Send emails to questions@rogerblankenship.com Frieda, Boston, MA, I’m trying to find a rental property to buy based on the numbers you have given and it seems impossible. The best I can do is a home for $300,000 that I can rent for $2,200/month. My payment including taxes and interest is just under 1700. It sounds like $500/month in cash flow. What am I missing?  Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message!  Motivational Thoughts for the day   “There is no normal life that is free of pain. It's the very wrestling with our problems that can be the impetus for our growth.” -Mr. Rogers  

We are in our “Best Places” series of shows to end up the year. Last time we talked about the best places to live. I reeled off more than 100 great places to live and pointed out that the lists were different because of the different criteria used and the relative importance of those criteria. Today we are going to talk about the best places in America to flip properties. I have several lists, although a few of them got their data from WalletHub and are therefore not original. What you will see is that even in a business driven by the numbers, there is still room for some disagreement. Although I don’t know what the heck Bob Vila was thinking in his list. But you’ll hear it coming up! How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! 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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFunding Announcements: We normally meet every Wednesday and Thursday but we are done for the holidays. No meetings in December.  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: Next year will be hard on the housing market, especially in these big cities https://www.cnbc.com/2019/12/04/harsh-housing-forecast-for-2020-especially-in-these-big-cities.html These States Have the Lowest Mortgage Refinance Rates https://magazine.realtor/daily-news/2019/12/04/these-states-have-the-lowest-mortgage-refinance-rates Market Strength to Continue Next Year, Freddie Predicts https://magazine.realtor/daily-news/2019/12/02/market-strength-to-continue-next-year-freddie-predicts 6 Cities Where You Need A Six-Figure Salary To Afford A Median-Priced Home https://www.forbes.com/sites/brendarichardson/2019/12/03/6-cities-where-you-need-a-six-figure-salary-to-afford-a-median-priced-home/#64da21db3b4c 2020 Real Estate Outlook: Expert Predictions For Mortgage Rates, Home Prices, Tech And More https://www.forbes.com/sites/alyyale/2019/11/15/2020-housing-outlook-expert-predictions-for-mortgage-rates-home-prices-tech-and-more/#798ade612935 Topic: Where to Flip Our Criteria Population growth Average Days on Market / Market Saturation Existing home inventory / pool of motivated sellers Team: Contractor(s) Realtor(s) Balance between costs and returns. https://www.cnbc.com/2018/05/09/10-best-states-for-turning-a-profit-on-flipping-a-house.html https://www.housingwire.com/articles/49738-here-are-the-top-10-best-and-worst-places-to-flip-a-house/ https://wallethub.com/edu/best-cities-to-flip-houses/23158/ https://www.fortunebuilders.com/house-flipping-the-top-5-cities-to-invest-in/ https://www.bobvila.com/slideshow/the-best-cities-in-america-for-flipping-houses-in-2019-52644 https://blog.walnutstreetfinance.com/top-12-markets-for-house-flippers-in-2019 https://reww.com/blog/top-markets-house-flipping/ https://selectstudentservices.com/wondering-where-2019s-the-best-places-are-to-flip-houses/ https://selectstudentservices.com/wondering-where-2019s-the-best-places-are-to-flip-houses/ 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   "Anyone who does anything to help a child in his life is a hero. " - Mr. Rogers  

We are winding down to the end of 2019. It’s been an interesting year to say the least! Over the next several shows we are going to review this past year, look ahead to 2020, and consider some of those lists we love. On the last show we started looking at some of the Best Places lists. We continue with that today and we will begin with the Best Places in America to live. If these are great places to live, they are also great places to invest. Some of the results will surprise you and there are several towns I’m betting you’ve never heard of. We have results from the usual suspects such as Money magazine, US News and World report, cnbc.com, and USA today, but we also have results from a couple of websites you may not be familiar with, Niche and liveability.com. These two sites add an interesting spin on the best cities. I can tell you right now we are going to name a LOT of nice cities and towns in the next few minutes - the lists are not identical - in fact they are remarkably different because they use different criteria and weighting factors. But the point is, there are great places to live all across the country. And every one of those places will have a part of town that isn’t quite as nice as the rest of the town. Another piece of the story is that almost any place can be a good place to live depending on your personal criteria. For example, if you love golfing and motorcycling, almost no place in Minnesota will be ideal for you. But if you love winter sports, snowmobiling, and long winter nights in front of the fireplace, it could be just right. How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! 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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFunding Announcements: We normally meet every Wednesday and Thursday but we are done for the holidays. No meetings in December.  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: Best Places to Live https://www.cnbc.com/2019/04/15/us-news-world-report-best-places-to-live-in-the-us-in-2019.html https://www.businessinsider.com/us-news-best-places-to-live-in-america-2016-3 https://www.niche.com/places-to-live/search/best-cities/ https://money.com/money/collection/best-places-to-live-2019/ https://www.usatoday.com/story/money/2019/09/10/americas-50-best-cities-to-live/40089949/ https://www.mentalfloss.com/article/600133/best-places-to-live-america-2019 https://www.cntraveler.com/galleries/2016-03-04/the-best-places-to-live-in-the-us 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   “You rarely have time for everything you want in this life, so you need to make choices. And hopefully your choices can come from a deep sense of who you are.” - Mr. Rogers  

Today we are hitting the headlines hard and taking some of your questions. We have green startups, best places to live and work, and the top 25 cities Americans can’t wait to leave!  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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFunding Announcements: We normally meet every Wednesday and Thursday but we are done for the holidays. No meetings in December.  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 Best Places For Business And Careers 2019: Seattle Still On Top https://www.forbes.com/sites/samanthasharf/2019/10/30/the-best-places-for-business-and-careers-2019-seattle-still-on-top/#4ff07d653df2 Four Lessons Real Estate Investors Should Thank The Great Recession For https://www.forbes.com/sites/forbesrealestatecouncil/2019/11/12/four-lessons-real-estate-investors-should-thank-the-great-recession-for/#30924d503dcc Bigger cities https://www.forbes.com/best-places-for-business/list/#tab:overall Smaller cities https://www.forbes.com/best-places-for-business/list/small/#tab:overall Wells Fargo backs 8 green housing startups https://www.inman.com/2019/11/13/wells-fargo-backs-8-green-housing-startups/ Weekly mortgage applications jump to highest level in over a month, as borrowers worry that lower rates may be over https://www.cnbc.com/2019/11/13/weekly-mortgage-applications-jump-to-highest-level-in-over-a-month.html Homeowners get the highest rates of return when selling in these 3 cities https://www.cnbc.com/2019/11/06/homeowners-get-highest-rates-of-return-when-selling-in-these-3-cities.html Your Questions: Send emails to questions@rogerblankenship.com Lee, Forsyth, GA “I work on the south side of Atlanta, but live closer to the north side of Macon. I want to start buying rental properties. Should I go closer to home or closer to the big city with my investments?” Rhonda,  Boulder, CO “Ever since I started listening to you I’ve wanted to attend your FlipStarter event. It’s just difficult for me to make it from Colorado to Atlanta. Do you plan to make it available as online training at any point?” Julia, Madison, WI “I was looking for your facebook broadcast last Thursday - wanted to hear your thoughts on winter-time investing, but for some reason I couldn’t find it. I’m interested to hear what you shared.” Wilson, Orlando, FL “I think it’s impossible to find a 1% rental house here in Orlando. I want rental properties but don’t want to lose money on them. I could head out of town a few minutes in almost any direction and find properties that fit your buying criteria. The thing is, I don’t know whether I can keep them rented. Those areas aren’t as popular as Orlando. Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message!  Motivational Thoughts for the day   “Your problem isn’t the problem. Your reaction is the problem.” -Anonymous  

Today we are going to talk about a couple of BRAND NEW products and offerings from Flipping America. Quick Start and FlipCalcs. And later on, Jack Bosch is going to join us to talk about making a LOT of money in land investments. It’s relatively simple, uncomplicated, and the potential is staggering. Buy land for pennies on the dollar, sell for a deep discount and still make money.  Known as “the Land Guy,” Jack Bosch is a real estate investor, educator, husband, and father. Originally an immigrant from Germany who came over with just 2 suitcases and a bunch of student debt,  Jack (with his wife Michelle) have found their niche in Real Estate. Since 2002, they have been buying and selling lots and unimproved land and have flipped more than 4,000 transactions. It only took them 18 months to go from Zero to $1M. Since 2008, Jack and Michelle also have been educating those who either find houses too challenging or are unsatisfied with the competition and teaching them how to make more money from simple land and lot flips. Plus, they have figured out a way to make land cash flow massively and consistently with checks coming in for years and even decades. In addition to land flips, Jack and Michelle also own a portfolio of rental houses, commercial properties and even large apartment buildings. However, land and lots is their first passion because as Jack says there are no “Tenants, Toilets and Termites” on land, which really means no repairs, no inspections, no mold, no contractors. While still flipping over 100 properties a year, they now spend 2-4 months a year traveling the world with his family. They designed their business to fit their lifestyle, and the cash and cash flow from the business and investments allows them the luxury of living life on their own terms.  Jack is also a #1 bestselling author of the financial literacy book "Forever Cash, break the earn-spend cycle, take charge of your life, and build everlasting wealth and hosts the successful podcast “Forever Cash Life – Real Estate Podcast" 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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFunding 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: Warehouse leasing plummets – because there's so little new space to lease https://www.cnbc.com/2019/11/12/warehouse-leasing-plummets-because-theres-so-little-new-space-to-lease.html CRE Economist Puts Recession Odds At 60% By 2021 https://www.bisnow.com/national/news/economy/berkeley-cre-economist-puts-recession-odds-at-40-for-2020-60-by-2021-101716  Freddie Mac Credit Protects $69 Billion of Single-Family Mortgages in Q3. What is the Credit Risk Transfer Program? https://www.worldpropertyjournal.com/real-estate-news/united-states/washington-dc-real-estate-news/-freddie-mac-credit-risk-transfer-program-data-for-2019-mike-reynolds-real-estate-news-stacr-acis-11666.php The Best Apps for House Hunting https://realestate.usnews.com/real-estate/slideshows/the-best-apps-for-house-hunting Zillow  Realtor.com Trulia Redfin Homesnap Real Estate  Homes Estately Real Estate  Century 21 Local    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   A mistake should be your teacher, not your attacker. A mistake is a lesson, not a loss. It is a temporary, necessary detour, not a dead end. -Anonymous  

It’s Q&A time again! We are going to devote a good bit of today’s show to answering your questions. If you have a question about real estate or real estate investing, we promise we will either answer it or if we don’t know, we will get an answer for you. You have a lot of options when it comes to asking a question. Most of you email to questions@rogerblankenship.com. Occasionally people will leave a question at our national comment line, 404-369-1018. Now you can leave a voicemail for me at my website, rogerblankenship.com. And you can always send us a question through social media. I don’t tend to see those right away, but whenever we get a question about real estate we answer it. We are not going to do your homework or your research for you, but we will go off of the numbers you provide and tell you whether we would do the deal. So sure, we will tell you whether it sounds like a deal will work. But there are always other types of questions as well, as you’re about to hear. So don’t be shy -- reach out with your question.  Start your new year off with a Boost and a Bang in your real estate career. FlipStarter Atlanta is January 11-12th. Tickets will go on sale next week and we will have some type of early bird pricing I’m sure.  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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFunding 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: David Burt is at it again. https://www.inman.com/2019/11/04/this-big-short-investor-is-betting-against-mortgage-market-again/ I know you’ve been talking about this at the networking events, but what’s a non-QM bond, and why is this important?https://www.bloomberg.com/news/articles/2019-11-04/risky-mortgage-bonds-are-back-and-delinquencies-are-piling-up https://www.chicagotribune.com/real-estate/ct-re-condo-deconversion-1110-20191104-qluzf5donvende6k56orv3ebwu-story.html FTC Cracks Down on Real Estate Seminar Scams https://magazine.realtor/daily-news/2019/11/07/ftc-cracks-down-on-real-estate-seminar-scams Airbnb Vows to Verify All Listings Posted at Its Site https://magazine.realtor/daily-news/2019/11/07/airbnb-vows-to-verify-all-listings-posted-at-its-site  Low U.S. Interest Rates Are Fueling a Bubble in Commercial Real Estate https://www.nreionline.com/finance-investment/low-us-interest-rates-are-fueling-bubble-commercial-real-estate Your Questions: Send emails to questions@rogerblankenship.com Hank, Portland, OR, “Glad I found your show. I’ve enjoyed listening. I’m sure you’ve heard this a million times, but I would like to know you opinion on the best way to get started in this business. Becca, Milwaukee, WI “I’m looking at a deal that just by the numbers looks like a good deal. But when I look at the house it just doesn’t feel right. My boyfriend tells me I should trust the numbers but my realtor kind of agrees with me - it just an ugly house situation on a weird lot. Am I missing an opportunity if I say no to this? Sandy, Chattanooga TN, “I have an opportunity to buy a rental house in a gentrifying neighborhood just south of downtown. Although it’s improving, the schools there are are still terrible and crime is high. The house would yield 2% per month in rents. But I’m hesitant. Can you help me think about this?” Roy, Baltimore, MD, “My partner and I have been offered six row houses - the entire block for $5,000. They are all vacant and need a lot of work, and I know there are a lot of vacant homes around. But if we controlled the entire block, it seems like we shouldn’t pass it up. Our plan would be to fix them and rent them out until the neighborhood comes back, then sell. Your thoughts?” Gary, Harrisburg, PA, “I was driving to Philly the other day and was surfing radio stations until I came across your show. Interesting stuff. I’ve been thinking about buying some rentals for side income. Can you give me some pointers on how to find something good in Harrisburg? Jackie, Villages of Ocala, “My husband and I own 25 rental properties back in Michigan where we are from. We are thinking of selling them and using the money to buy similar inventory here in Florida. There’s no income tax here and we think we would do better. But although we live here now, we are new here and not that familiar with property in Florida. It’s hard to give up something that works for something that might work a little better. We’d like you to weigh in.” Lupe, Boulder, CO, “I heard you mention that you love working with Realtors. Please explain why. It seems like they get paid a lot for doing nothing. I mean, it’s not that hard to list a property.” Bernita, Macon, GA, “Is there any way to tell whether or not you need a new roof without getting up on it? I don’t want to climb on a roof.” Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message!  Motivational Thoughts for the day   “The definition of ‘luck’ is when preparation meets opportunity.” --Anonymous  

We love American IRA and we love self-directed IRA investing. If you haven’t already done so, check out their website today - even right now while you’re listening to the podcast. I know you ladies out there can do this. I’m pretty sure the guys will have to choose looking at the website or really listening - I know I can’t seem to do both. Now THAT’s a great way to get in trouble right from the beginning of the show!  As much as I love self-directed IRA investing I have run into a couple of challenges. The first one was the limitation of contribution - around $5000 per year for most people. The second was the ELIMINATION of contributions. I got a note from my custodian telling me I made too much money and couldn’t contribute any more. Folks, when enterprising entrepreneurs get news like this we don’t just shut down. We find other ways to make our goals happen.  Enter the Solo-K and our guest today.  Dmitriy Fomichenko is the founder and president of Sense Financial Services LLC, a boutique financial firm specializing in self-directed retirement accounts with checkbook control.  He began his career in financial planning and real estate investing in 2000. He owns multiple investment properties in various states and is a licensed California Real Estate Broker. Over the years, he has taught hundreds of investment and financial planning seminars and has mentored thousands of investors.   Sense Financial Services was inspired by a series of conversations Dmitriy had with his mentors in the real estate investor business.  While many were exceedingly successful in their real estate investments, their retirement accounts were losing money. This conundrum prompted Dmitriy to spend several months consulting with industry experts and researching the powerful concept of employing self-directed retirement accounts for investment purposes. Integrating his knowledge of how to successfully manage self-directed IRAs and 401ks with his expertise as an investor and mentor, Dmitriy began consulting individual investors on how to put more thought and diligence into their retirement and investment planning. Dmitriy founded Sense Financial Services to help his clients maximize their returns on investments while protecting their hard-earned money. He is very passionate about helping families and individuals achieve financial freedom by following proven Biblical principles of financial planning and investing. Dmitriy resides in Southern California with his wife and 13-year old daughter.  In his spare time, he enjoys studying systematic theology, spending time with his family and visiting new places. He’s coming up in a bit. Also today we are going to tell you the current hottest housing market in the United States. And if you’ve been following me on social media you know I’ve been talking about the housing market and the uptick in non-QM bond sales. Over the weekend I saw a headline, “Fannie Mae official accidently lets the news slip about the next housing crash.” So what’s going on in the real estate market? Is it panic time? The answer to that is “no, it’s NEVER panic time.” 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.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFunding Domains.com: bit.ly/GetaSite 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: The nation’s hottest market for flipping houses?https://www.housingwire.com/articles/hottest-home-flipping-market/?utm_campaign=Newsletter%20-%20HousingWire%20Daily&utm_source=hs_email&utm_medium=email&utm_content=78048718&_hsenc=p2ANqtz-8KPulsPrFNnJ_2Pgol9HGkwqrLdGkCqfRV0ygk1stGEzWEPx55W-hTBSuEI-AUAkpYxiBCXKkA4L_MgGoGEtqPOChcr6KX7ucqYdPe5DvyeVFYm5I&_hsmi=78048718 One of our key indicators is the foreclosure rate. Here’s a new report from HousingWire. https://www.housingwire.com/articles/u-s-foreclosure-rate-drops-to-20-year-low/?utm_campaign=Newsletter%20-%20HousingWire%20Daily&utm_source=hs_email&utm_medium=email&utm_content=78115035&_hsenc=p2ANqtz--0m3octmb_tWFSSE6NdvpMbSqUyGY4rTYW6MVE5cmwcOiGYftkVUom6pHy2X5yLA3DQCgkf2Aa3-UHv5fqMInOdQDJCB-yeYOkXDLxksFd4EPxYFs&_hsmi=78115035 We have a story about wording changes on the new Uniform Residential Loan Application.https://www.housingwire.com/articles/exclusive-senate-democrats-call-on-fhfa-to-undo-changes-to-new-uniform-residential-loan-application/?utm_campaign=Newsletter%20-%20HousingWire%20Daily&utm_source=hs_email&utm_medium=email&utm_content=78217468&_hsenc=p2ANqtz-_Rv5w9t92jAxVXG-ggCc_AvIX_r-rTqyJXEdp2pghtOEIQU3AFKUwUYjbkSOEl8lVPUh-Y7e6F_9mcNUlIG1NJy1xvY3zTVSF8JNWwr-6gBC78krg&_hsmi=78217468 Here’s the headline: The hidden housing problem: There just aren’t enough houses on the market. https://www.housingwire.com/articles/the-hidden-housing-problem-there-just-arent-enough-houses-on-the-market/?utm_campaign=Newsletter%20-%20HousingWire%20Daily&utm_source=hs_email&utm_medium=email&utm_content=78232269&_hsenc=p2ANqtz-9wMYfJLXPW7AQB7rqBxT07zrFlwm7uz-hZMdyzt3E9A0gOhaJIHfc1xzmvQ7FL1h_1WOmqYxm7Ey5I0tGRhEx8qA6_LPTqpXaLWbrTCIoGNWgzxKM&_hsmi=78232269 Roger’s comment: There are many reasons to explain a slowdown in home purchases or new loan applications. It’s not an automatic link to the current interest rate and in fact it almost certainly is NOT a factor. Supply of available housing is a much more likely candidate for the blame. Show Guest: Dimitriy Fomichenko https://www.sensefinancial.com/  https://www.linkedin.com/in/dfomichenko/ https://www.facebook.com/dfomichenko    Your Questions: Send emails to questions@rogerblankenship.com Debbie, Brookfield, WI, “Someone told me I should be using social media in my business. That seems to make sense but I have no idea how to proceed.” Georgia, Clearwater FL, “Why is the 1% rule a rule? What’s the thinking?” Natalie, Alexandria, VA “Does it seem reasonable that I could buy a nice house that just needs updating and make a profit? There are lots of those around here I could buy in the 300s, fix up for about 50 and sell in the 600s. This sounds a little too good to be true, so I thought I would reach out for your thoughts.” Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message!  Motivational Thoughts for the day   “No Masterpiece was ever created by a lazy artist.” --Anonymous