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FAR 191 Steve Rigby, Selling with SMILE Expected Air Date: 9/27/18 Opening Thank you Kathy Curtis! Today our guest is Steve Rigby, author of the book “S.M.I.L.E. How a People First Philosophy Creates Extraordinary Sales.” In our conversation we are going to break down the major points of his book and talk about specific ways to improve our relationships as a way of increasing sales. For nearly two decades, Steve Rigby served the homebuilding industry as both a student and a teacher of selling, managing, and training. Steve was responsible for directing the sales efforts for three of the nation’s top-ten public homebuilders. As a result, those companies experienced tremendous growth with very healthy bottom lines. In the past decade plus, Steve has continued to prove his proficiency as a thought leader through his own business, New Wings Consulting, LLC, which serves companies across a variety of industries. As he’s accustomed to seeing, those companies are also experiencing tremendous growth and very healthy bottom lines. Steve resides on Lake Travis, just outside Austin, Texas with his wife, Susan, their two horses, Blondie and Envy, and their dog, Drizzle. If you’re up for a visit, he and Susan conduct retreats at their cabin on the lake. Those who have been there will tell you it’s something worth considering! How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: FlipStarter Nov 2-3, Atlanta, GA Lunch with me every Wednesday. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm. News! https://money.usnews.com/investing/real-estate-investments/slideshows/7-ways-to-invest-in-real-estate-without-buying-property https://www.realtor.com/news/trends/housing-market-finally-becoming-buyers-market/ https://realestate.usnews.com/real-estate/articles/can-you-actually-turn-a-profit-flipping-homes-in-todays-market https://www.realtor.com/news/trends/10-wealthy-enclaves-highest-home-prices/ Guest: Steve Rigby Imagine everyone I meet is wearing a sign that says, “Make me feel important.” Keep it Simple It’s up to Me I Identify the individual (personality type) Little Decisions Enjoy 7 Rules of Shopping. Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: Questions@flippingamericaradio.com Tell us where you’re from! Note from staff: So what ARE you saying about the market over the next 12 months? Here are Flipping America we are continually monitoring a number of data points not just in the Atlanta market but nationally. Data points include default rate and mortgage rate (not the same thing and they are at historic lows right now), Home sales volume (trends), Home prices (year over year trends) and new construction starts. There are other factors that are more difficult to quantify in a chart, but we pay attention to lending guideline changes, the sales of sub-prime loans on the secondary market (hint: securitization of those loans never stopped), and the impact of mortgage interest rates to name a few. In our view, the collapse of 2007-08 was unprecedented and unlikely to be repeated in our lifetime. But the real estate market does correct and is somewhat cyclical. We are projecting a return to a balanced market (3 month supply of homes) in the next 6-12 months. This means it will take a little longer to sell, investors will have to put more effort into selling, but there will be more inventory to buy as well. Coastal regions will likely see price reductions over the next 12 months, but the rest of the country will see above average increase in values (around 5-6%) for the next year. We think Atlanta will finish 2018 with a 7% year over year gain but this will slow down in 2019. Randy, Sheboygan, MI, “Would you recommend people start off wholesaling? I don’t have a lot of money to buy a fix and flip.” Lorrie, Milwaukee, WI, “Do you decorate your flip houses for the holidays?” Ashton, Austin, TX, “Really enjoyed the show with Scott Carson, Can you explain the math on buying notes? I don’t see how it makes much money.” Motivational Thoughts for the day To Begin, Begin, William Wordsworth
FAR 189 Scott Carson Expected Air Date: 9/22/18 Opening Great show coming to you today. Scott Carson (aka “the Note Guy) has been an active real estate investor since 2002 and solely focused on the note industry since 2008 where he buys and sells non-performing mortgages directly from banks and hedge funds all across the country. Scott is the CEO of WeCloseNotes.com and the creator of the Note Buying for Dummies workshop that focuses on the 3 F’s of Note Buying… The Find, Fund, and Flip. He has purchased over a half billion dollars in distressed debt for his own portfolio and purchases assets in over 30 states across the United States. He is a highly sought-after speaker on distressed debt and was the 2014 Note Educator of the Year. He has also been featured in numerous newspapers including Investor’s Business Daily, the Wall Street Journal, and Inc.com. He has also helped thousands of other real estate investors come to the dark side of investing by plunging into the world of NPN’s or non-performing notes. An avid sports fan and reader, you can find him home in Austin, Texas when he isn’t buying assets for his own portfolio or sharing his love of the note game. How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: Think Realty Saturday and Sunday, Sept 22-23 FlipStarter Nov 2-3, Atlanta, GA Lunch with me every Wednesday. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm. Guest: Scott Carson Topic: Note Buying and Selling Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: Questions@flippingamericaradio.com Tell us where you’re from! Alana, Jonesboro, GA “I’m looking at a deal where the owner lives out of state, the tenant is a relative paying well below market rate. He wants her out but doesn’t want to evict his own relative. He just wants to sell the house. It’s worth about 130k. May need 25k in rehab. He’s open to seller financing. I mentioned offering him 50-60k and he didn’t say no. So what are my options or exit strategies?” Shamsideen, Boulder, CO “My partners and I are looking at various opportunities, apartments, hotels, and mini-warehouses, to be specific. Can you offer guidance for us as we decide where to put our money?” Motivational Thoughts for the day Your true success in life begins only when you make the commitment to become excellent at what you do. — Brian Tracy
FAR 188 Expected Air Date: 9/20/18 Opening I am Roger Blankenship and I teach people how to make money in real estate. There are dozens of ways to make money in real estate and they all can be summarized by one of three approaches: Buy with the intent to improve and quickly re-sell Buy with the intent to cash flow, grow equity through appreciation, and take advantage of tax structures. Invest in the activities of someone doing either or both of the first two categories. To that end, we are dedicated to providing you the best most accurate and up-to-date information we can to help you make the best decision for you, your family, and your money. We don’t encourage everyone to drop what you’re doing and start flipping houses like you see on TV, but we do encourage everyone to have real estate as a part of a balanced portfolio. As you can imagine we get lots of questions here at Flipping America and today we are going to address many of them. I’m also going to take time today to review the latest news in the real estate world and while doing that I’m going to pick on yet another useless news article. Here’s a hint: If the article headline says “How To..” I’m going to read the article expecting some step by step how-to information. That’s a fair expectation right? If that article instead provides vague generalizations it should not have been published and deserves to be mocked. C’mon people, let’s hold ourselves and each other to a higher standard for reporting, writing, and communicating! How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: Think Realty Saturday and Sunday, Sept 22-23 FlipStarter Nov 2-3, Atlanta, GA Lunch with me every Wednesday. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm. News! https://www.realtor.com/news/trends/best-places-live-2018/ https://www.housingwire.com/articles/46839-hud-secretary-ben-carson-lays-out-his-plans-for-affordable-housing-and-regulatory-reform https://www.housingwire.com/articles/46863-ftc-shuts-down-real-estate-websites-that-allegedly-preyed-on-section-8-renters https://gordcollins.com/real-estate/us-housing-market-looking-strong-2016-to-2020/ https://www.cnbc.com/video/2018/09/18/nahb-housing-market-index-at-67-in-september.html https://www.cnbc.com/video/2018/09/14/carolinas-real-estate-at-risk-from-florence.html https://money.usnews.com/investing/real-estate-investments/slideshows/9-reits-ideal-for-beginning-real-estate-investors?slide=3 https://www.investopedia.com/articles/etfs/top-real-estate-etfs/ “Useless article of the day award” https://money.usnews.com/investing/real-estate-investments/articles/2018-09-04/how-to-invest-in-luxury-real-estate Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: Questions@flippingamericaradio.com Tell us where you’re from! Drew, Pascagoula, MI, “I’m looking at buying a group of properties and they are giving me a “Quit Claim” deed. Is that the same as a Quick Claim Deed? And I don’t really know what that is anyway. Could you explain? And is this ok, in your opinion?” Benton, Baltimore, MD, “I am looking at an opportunity to buy several townhomes in a rough section of town for under $5,000 each. I’ll have to spend 30-40k on each one to make them rent ready, but they will rent for $1000 each. This seems too good to be true, so tell me what I’m missing.” Lori, Milwaukee, WI, “What is the secret to raising private money?” Arden, Villages of Ocala, FL, “What return should I look for in my rental portfolio? I’m getting about 7.8% after all expenses are considered. I hear people talking about getting 12-15% and wonder how they do that.” Carter, Las Vegas, NV “I know the numbers and have had some training. But how do I actually pull the trigger on my first deal? I just can’t seem to?” Shamsideen, Boulder, CO “My partners and I are looking at various opportunities, apartments, hotels, and mini-warehouses, to be specific. Can you offer guidance for us as we decide where to put our money?” Motivational Thoughts for the day Your true success in life begins only when you make the commitment to become excellent at what you do. — Brian Tracy
FAR 186 Expected Air Date: 9/13/18 Opening One of the great opportunities in front of you as a real estate investor is the chance to invest your money through a Roth IRA, make profit, grow that wealth and one day when you retire, pay NO taxes on the profits. That’s just ONE thing a self-directed IRA can do for you. We welcome to the show today a new sponsor, American IRA. American IRA is dedicated to helping investors grow their wealth through self-direction and there is a healthy focus on real estate. With offices in Asheville and Charlotte, NC and Atlanta, GA, American IRA is ready to get your started, point you in the right direction, and keep you safe as you navigate the sometimes murky waters of IRS regulations. American IRA founder and President Jim Hitt will be joining us in just a few minutes. Jim started his career in the restaurant business, got involved in real estate and just never looked back. He’s been in real estate in one way or another for three decades. His commitment is to help other investors grow their wealth wisely and safely through the use of retirement accounts. He’s going to tell us about the basic setup of an IRA, answer some key questions about structure, growing your funds, strategies for investing, and the different type of options available to you. How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: September 12, Chantelle Owens at Flipping Atlanta, Tax Liens FlipStarter October 13, Atlanta, GA Lunch with me every Wednesday. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm. Guest: Jim Hitt, American IRA Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: Questions@flippingamericaradio.com Tell us where you’re from! Alphonso, Marietta, GA, “With the hurricanes threatening the east coast, can you comment about the impact of hurricanes and real estate investing?” Julian, Bay City, MI, “I watch the TV shows, and now I’ve found your show and I’m intrigued. There might be some opportunities around here, but we have long winters and I’m not sure it’s a good idea to be trying to do this in the winter time. What are your thoughts?” Cheryl, Washington, DC, “Does price range matter?” Polly, Visalia, CA, “I have an opportunity to buy an almond grove that is past its prime. The owner has gotten old and lost interest. The upside is our town needs housing and I could turn this into a nice subdivision of starter homes. But I have no idea how to proceed. Any suggestions?” Edward, Columbia, SC, “Someone told me that you mentioned on the show that our city is one of the few major metropolitan areas in the country that is NOT on fire. Why is that? And since I live in Columbia should I be looking elsewhere for opportunities?” Motivational Thoughts for the day Expect problems and eat them for breakfast. Alfred A. Montapert
FAR 185 The Harvest Expected Air Date: 9/10/18 Opening Real estate investing is like the weather - it’s always changing. But it’s unlike the weather in that you usually have to wait more than 5 minutes to see the change. With real estate, a multi-trillion dollar industry in the United States, you have multiple impact points each with their effect, but individually are like using a bumblebee to steer a barge into port. Example, Compass, opening a new office in Atlanta, talking about their use of proprietary technology to dominate the realty brokerage market. They will no doubt gain market share because of their deep pockets. But will they dominate? Unlikely. They represent a generation of investors enamored with technology and blinded by their own preference to machines over human interaction. But the entire company misses the point. Real estate sales require presence, that presence requires supervision, the supervision requires a trust, a set of ethical guidelines, enforced by a regulatory agency and ultimately there are licensed people - Realtors. When people are involved both as buyers and as representatives, relationships matter more than technology. Compass will survive, but will disappoint investors unless they master the people side of this. And their effect on the real estate market? Negligible at BEST. Most likely it will go completely unnoticed by most. Larger impact is seen through the activity of the government: interest rates, policy change, taxation. Interest rates: Direct impact on affordability and home sales. Policy Change: Example: loosening of capitalization requirements for lenders - more money and more creative loans available. Taxation: The tax laws passed last December have significantly affected home sales in the more expensive markets. Prices are dropping up and down the eastern seaboard. Soon to follow will be the luxury market Chicagoland and the west coast. We are tracking the changes, the impact points, and are sharing with you on what is becoming the fastest growing real estate show on the air. Today we are going to talk about the hot new markets in flipping houses, the decline of returns in flipping houses, a new bill in congress designed to ultimately eliminate Fannie Mae and Freddie Mac, and one of the MOST important factors millenials use when deciding to buy a home. This plus many of your questions coming up. How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: September 12, Chantelle Owens at Flipping Atlanta, Tax Liens FlipStarter October 13, Atlanta, GA Lunch with me every Wednesday. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm. News! https://www.cnbc.com/video/2018/09/06/rep-hensarling-why-ginnie-mae-is-better-than-fannie-and-freddie.html https://www.cnbc.com/2018/08/31/millennials-put-pets-first-when-buying-a-home.html https://www.cnbc.com/2018/09/05/its-better-to-rent-than-to-buy-in-todays-housing-market.html https://www.cnbc.com/2018/06/22/americas-best-states-to-live-in-2018.html?recirc=taboolainternal https://www.realtor.com/news/trends/home-flippers-heading/ https://www.realtor.com/news/trends/forget-hgtv-surprising-new-hottest-markets-home-flipping/ https://www.attomdata.com/news/market-trends/home-sales-prices/q2-2018-u-s-home-sales-report/ https://www.cnbc.com/2018/09/04/starbucks-openings-predcit-higher-home-prices-says-harvard-study.html Topic: The Harvest. Bring in this years crop between now and December. Plant the seed for next year in November and December. Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: Questions@flippingamericaradio.com Tell us where you’re from! Candace, Boulder, CO, “The market here for buying a flip house is intensely competitive. I’m wondering if I should move to another area, buy deals with less profit, or try a different strategy.” When asked “what strategy she had in mind” she replied “lending.” Orville, Villages of Ocala, FL “I am an accredited investor and heard you mention a fund you were involved with. How do I get more information about it?” Carson, Jacksonville, FL “A friend sent me a copy of your talk on analyzing market trends and all I can say is thank you! This talk encouraged me to look into a different market over the weekend and I already have a new project under contract. What are the early signs of an area turning around?” Ophelia, Tampa, FL “I bought a couple of rental properties from one of those national gurus and instead of cash-flowing $200-300 per month, I’m actually losing money on them, when you add up all the extra expenses each year. What am I doing wrong? They told me these were good deals. I can’t afford to lose money each month.” Fernando, Austin, TX “I’m having a hard time understanding the rates and terms of hard money lenders. Everyone is different and the terminology is hard to follow. I think I understand LTV, but I thought the loan would be a percentage of the ARV. It’s something different - a lot less. And what is LTI? I’m like “well sure, yeah of course” with the lender because I don’t want to look stupid, but I’m not sure what we are even talking about.” Motivational Thoughts for the day Expect problems and eat them for breakfast. Alfred A. Montapert
FAR 182 Expected Air Date: 8/30/18 Opening I realized after we concluded Monday’s show that I had promised to make fun of a “news” story about real estate and I had just run out of time. So I’m leading off today by keeping that promise to you. Real estate is not a controversial topic and is largely apolitical. We try our best to keep politics out of this show. But I suppose I shouldn’t be surprised when a reporter’s bias sneaks through in subtle ways. That’s my reason for sharing this article with you - not because I deeply care about what she is wrong about, but because I want YOU to pay attention to the way words can reflect bias and shape opinion. So here comes the headline... How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: September 12, Chantelle Owens at Flipping Atlanta, Tax Liens Lunch with me every Wednesday. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm. News! https://www.realtor.com/news/real-estate-news/mortgage-rates-tumble-housing-starts-drag-economy/ Emails: Questions@flippingamericaradio.com Tell us where you’re from! Madison, Atlanta, GA, “When you are renovating something to rent, how is that different from renovating to sell?” Carl, Charlotte, NC, “I wanted to come to your mentoring classes this week but just couldn’t get away from here for four days. Will you be coming to Charlotte or do you have an online course I can take?” Evan, Lancaster, PA, “What are the numbers I should look for when buying something to flip?” Charlene, Villages of Ocala, FL, “I have half a dozen possibilities here, and none of them fit the MAO formula, but they are all coming in about 80% of ARV. The good news is, I can buy four of them subject to. Do you ever make exceptions on your MAO rule if you can use creative financing to buy them?” Elian, Jacksonville, FL, “Is the ‘no money down’ deal really possible? If so, how does it work?” Rachel, Elizabethtown, KY “How do you decide whether to keep a property to flip or keep it for a rental?” Motivational Thoughts for the day Act as if what you do makes a difference. It does. William James
FAR 181 Expected Air Date: 8/27/18 Opening Good morning everyone! A year ago I predicted that by mid-2018 the real estate sales would be slowing down and heading toward a balanced market. Was I right? I’ve got the answer for you today. A month ago it looked like I had missed on this prediction but there is more news today that points to a conclusive trend. In a few minutes I’m going to dig into the new data. I’m also going to pick on a “not news” story disguised as news. Rather than just labeling it “fake news” and moving on, I’m going to show you how bias can affect a choice of words that could lead readers to a desired, yet not necessarily correct conclusion. Today we are going to dig into more of your questions about the opportunities out there and some of the challenges you are facing. All this is coming up in a few moments. How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: The Flipping America Mentoring Program, August 28-31, Sandy Springs, GA Menternship Also. Ten Deal Sources explored and explained. Complete Deal Analysis. Finding the re-sale value of any residential property in the U.S. How to estimate repairs from your desktop. How to finalize a repair estimate through a site visit. Structuring your business for effectiveness and asset protection How to set up a web site for your business. Understanding the various ways to get your deal funded. Learn creative deal structures. The mini-course in negotiating The full course in renovation. How to find, vet, and hire contractors. How to manage the process How to solve the inevitable problems that arise. Learn how you could get your deal 100% funded - not just your next one, but every deal you ever do from now on. Get all the forms, the documents, the checklists, the procedures Get the scripts for your conversations Hiring questions for realtors and contractors Answering the phone Talking to sellers Build rapport Get key information Learn motivation The course comes with on-going weekly group coaching calls You also get one-on-one guidance through your first four flips. This is the three day dive into a year’s worth of training and guidance. But our commitment to you doesn’t end in one year. We are with you at LEAST through your first four flips and definitely until you have more than doubled your training investment. What is the investment? What is reasonable? Let’s talk about $50,000. The cost is $12,967, but if you use the coupon code “radio” your cost is $9,967. Go to www.flippingamericanetwork.com/Mentoring and sign up today. We only take about 10 people per class and several have already signed up. There’s just a few seats left. Lunch with me every Wednesday. Monday the 27th of August, speaking at the West REIA, Cherokee Cattle Company, Marietta, GA Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm. News! https://www.attomdata.com/news/market-trends/foreclosures/july-2018-u-s-foreclosure-market-report/ https://www.attomdata.com/news/market-trends/home-sales-prices/q2-2018-u-s-home-sales-report/ https://www.realtor.com/news/real-estate-news/existing-home-sales-fell-fourth-straight-month-july/ https://www.realtor.com/news/real-estate-news/mortgage-rates-tumble-housing-starts-drag-economy/ https://www.nreionline.com/lending/new-opportunities-open-capital-markets-amid-dodd-frank-rollbacks https://www.nreionline.com/finance-investment/what-every-real-estate-investor-should-know-about-cost-segregation https://constructionliens.uslegal.com/ Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: Questions@flippingamericaradio.com Tell us where you’re from! Milton, Kansas City, MO, “I heard you talk about a Commencement of Work document and I wonder if you know whether it is required or recommended in Missouri?” https://constructionliens.uslegal.com/ Harold, Detroit, MI, “We have so many types of opportunities here in Detroit right now - older homes in the city and relatively newer homes in the close-in suburbs - but they are still 40 years old. I’m not sure where to start or should I just take the first opportunity that comes to me?” Jennifer, Nashville TN, “I am working on a rehab project and when I go visit the site I really don’t know what they are doing or how well they are doing it. I’m faking it, and I think they might know I’m faking it. How do I get the knowledge I need?” Community College Big Box store courses Do something yourself - get advice from your local building supply store. Don’t be afraid to ask questions. Don’t be afraid to look dumb. You are not expected to be an expert in home construction right now. The contractor will respect your honesty and your ability to put the deal together. Ashley, Boulder, CO, “I’m having a problem getting a contractor to even look at my rental house. Everyone claims they are too busy. I think it’s because I’m a woman. I know you are a man but do you find that other women have this problem? Have you seen them overcome it and if so, how?” Al, Ann Arbor, MI “I’m doing a few flips each year here in my area but people are talking a lot about Detroit. It’s about a hour’s drive for me but I’m wondering what you would do in my shoes?” Steven, Waukesha, WI “It’s late August and I’m looking at a couple of real deals here, but winter is coming and I’ll be trying to sell them in January. Should I hold off?” Motivational Thoughts for the day Act as if what you do makes a difference. It does. William James
FAR 180 Expected Air Date: 8/25/18 Opening We get one chance at this life. We owe it to ourselves to get it right. That doesn’t mean we should expect perfection. What it DOES mean is we should take enough time to think about what we are doing and where we are going to improve the quality of our decisions along the way. When it comes to real estate it’s easy to make a $10,000 mistake. But if you make enough of those you are going to wind up in trouble. Today we are going to help you get it right -- Get it right when you purchase a property. Get it right when you create a repair budget. Get it right when you make repairs. Get it right when you rent it out. Get it right when you sell it. You’ll find that if you’re willing to go to war with the details and get some things right, your business is going go better and let’s face it, if your business goes better, life goes better. In the news coming up we FINALLY have a reason to go to Baltimore. Ok, no offense to Pat Dornan with Ultimate Rehab Estimator, but Baltimore isn’t one of our favorite places to visit, but that’s about to change. I’ll tell you why coming up. Also today, the world’s largest Sovereign Wealth Fund missed it’s quarterly return target for the second quarter in a row. I’ll tell you about the fund and what a pitiful job they are doing in just a few minutes. Also on the show today, some things you need to know about flood insurance and living in a flood zone. All that and more coming up... How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: TONIGHT the 27th of August, speaking at the West REIA, Cherokee Cattle Company, Marietta, GA 6:30 pm The Flipping America Mentoring Program, August 28-31, Sandy Springs, GA Menternship Also. Ten Deal Sources explored and explained. Complete Deal Analysis. Finding the re-sale value of any residential property in the U.S. How to estimate repairs from your desktop. How to finalize a repair estimate through a site visit. Structuring your business for effectiveness and asset protection How to set up a web site for your business. Understanding the various ways to get your deal funded. Learn creative deal structures. The mini-course in negotiating The full course in renovation. How to find, vet, and hire contractors. How to manage the process How to solve the inevitable problems that arise. Learn how you could get your deal 100% funded - not just your next one, but every deal you ever do from now on. Get all the forms, the documents, the checklists, the procedures Get the scripts for your conversations Hiring questions for realtors and contractors Answering the phone Talking to sellers Build rapport Get key information Learn motivation The course comes with on-going weekly group coaching calls You also get one-on-one guidance through your first four flips. This is the three day dive into a year’s worth of training and guidance. But our commitment to you doesn’t end in one year. We are with you at LEAST through your first four flips and definitely until you have more than doubled your training investment. What is the investment? What is reasonable? Let’s talk about $50,000. The cost is $12,967, but if you use the coupon code “radio” your cost is $9,967. Go to www.flippingamericanetwork.com/Mentoring and sign up today. We only take about 10 people per class and several have already signed up. There’s just a few seats left. Lunch with me every Wednesday. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm. News! https://www.cnbc.com/2018/08/21/the-worlds-largest-sovereign-wealth-fund-just-missed-its-own-target.html https://www.cnbc.com/video/2018/08/16/housing-market-shifting-to-buyers-homebuyer-home-seller.html https://www.realtor.com/news/real-estate-news/ https://www.cnbc.com/2018/08/14/5-things-homebuyers-must-know-about-flood-insurance-.html https://www.cnbc.com/2018/08/14/ireland-in-maryland-guinness-opens-first-us-brewery-in-60-years.html Topic: Get it Right Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: Questions@flippingamericaradio.com Tell us where you’re from! Evangelina, Baltimore, MD, “I understand the MAO formula. But I can’t find any deals that fit that number. Several of my friends are buying above the price that formula recommends and they seem to be doing ok. Can you explain some of the reasoning behind it?” Roderick, Tampa, FL, “I want to buy rental properties. It seems like if the property has $200/month or more in positive cash flow I should be fine. But one of my friends said I should check with you. No offense but I had never heard of you until now. Am I missing something here? $2400 a year is good money and with 10 of those I can quit my job.” Stephen, Boulder, CO, “Can you explain the difference between cap rate and cash on cash return? What should I be looking for when buying a single family rental?” Sherry, Sebring, FL, “What are the key steps when buying a flip project in another town?” Lynetta, Jackson, WY, “We want to bounce back and forth between Jackson and Austin, TX, you know, avoiding the weather extremes but getting in some skiing when we want, etc. We are both in our mid 50’s and our question is should we buy something in both places or just do longer-term rentals? We could pay cash for both places, but can’t help but wonder if our cash is better off elsewhere.” Rhonda, Milwaukee, “Estimating a rehab is overwhelming to me. I just don’t know where to start. Please help.” Motivational Thoughts for the day "People often say that motivation doesn't last. Well, neither does bathing -- that's why we recommend it daily." -- Zig Ziglar
FAR 179 Expected Air Date: 8/23/18 Opening We’ve had great feedback from the home technology show with Don DeRosa. If you missed it you can still listen to it both on the Flipping America App, where it is show # 147 or watch the video of the interview on our YouTube Channel. But we continue to get questions about technology, not just the technology we put into our properties, but the technology we use to make our businesses run and work. A little later on, I’m going to answer that question for you and tell you about the technology solutions we use here in our business. And I’m going to answer a question we get quite often: “How do you send out social media messages all day long? Do you have an employee that just sits there tweeting thing s out?” Fannie Mae and Freddie Mac are out with a new loan product this month which I believe will have a significant impact in 5 years and that impact won’t be a good thing. But take heart investors! With every dumb decision followed by inevitable loss and heartache, there is opportunity for someone. I’m going to break down the news, tell you what’s going to happen, and prepare you for the fallout. How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: The Flipping America Mentoring Program, August 28-31, Sandy Springs, GA Menternship Also. Ten Deal Sources explored and explained. Complete Deal Analysis. Finding the re-sale value of any residential property in the U.S. How to estimate repairs from your desktop. How to finalize a repair estimate through a site visit. Structuring your business for effectiveness and asset protection How to set up a web site for your business. Understanding the various ways to get your deal funded. Learn creative deal structures. The mini-course in negotiating The full course in renovation. How to find, vet, and hire contractors. How to manage the process How to solve the inevitable problems that arise. Learn how you could get your deal 100% funded - not just your next one, but every deal you ever do from now on. Get all the forms, the documents, the checklists, the procedures Get the scripts for your conversations Hiring questions for realtors and contractors Answering the phone Talking to sellers Build rapport Get key information Learn motivation The course comes with on-going weekly group coaching calls You also get one-on-one guidance through your first four flips. This is the three day dive into a year’s worth of training and guidance. But our commitment to you doesn’t end in one year. We are with you at LEAST through your first four flips and definitely until you have more than doubled your training investment. What is the investment? What is reasonable? Let’s talk about $50,000. The cost is $12,967, but if you use the coupon code “radio” your cost is $9,967. Go to www.flippingamericanetwork.com/Mentoring and sign up today. We only take about 10 people per class and several have already signed up. There’s just a few seats left. Lunch with me every Wednesday. Monday the 27th of August, speaking at the West REIA, Cherokee Cattle Company, Marietta, GA Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm. News! https://www.foxbusiness.com/personal-finance/fannie-mae-freddie-mac-offer-home-loans-for-3-down Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: Questions@flippingamericaradio.com Tell us where you’re from! Vincent, Macon, GA, “It seems that all the great deals are in a bad part of town. Is that true everywhere? How do I make any money there?” Elise, Port St. Lucie, FL, “I really liked the show you did on smart home technology. Can you talk a bit about the technology, programs, apps, and other solutions you use in your real estate business?” Stephen, Boulder, CO, “Can you explain the difference between cap rate and cash on cash return? What should I be looking for when buying a single family rental?” Sherry, Sebring, FL, “What are the key steps when buying a flip project in another town?” Lynetta, Jackson, WY, “We want to bounce back and forth between Jackson and Austin, TX, you know, avoiding the weather extremes but getting in some skiing when we want, etc. We are both in our mid 50’s and our question is should we buy something in both places or just do longer-term rentals? We could pay cash for both places, but can’t help but wonder if our cash is better off elsewhere.” Motivational Thoughts for the day "People often say that motivation doesn't last. Well, neither does bathing -- that's why we recommend it daily." -- Zig Ziglar
FAR 175 Expected Air Date: 8/9/18 Opening www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: Lunch with me every Wednesday. Thursday August 9th, speaking at Flipping Atlanta “Investing in Real Estate with Your Self-Directed IRA” Tuesday August 14th, speaking at Catalyst, “Contractor Impossible” Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm. News! https://www.news-press.com/story/money/2018/08/05/five-reasons-why-real-estate-market-year-could-southwest-florida-best-ever/852009002/ https://www.postandcourier.com/business/real_estate/school-re-openings-influence-local-real-estate-market/article_94f4410c-9504-11e8-b4db-57424629d9af.html https://www.dailyrepublic.com/projects/home-seller/solano-real-estate-scene-are-we-in-another-housing-market-bubble/ https://www.wthr.com/article/watch-real-estate-update-market-slowing-down http://www.crainsdetroit.com/article/20180805/news/667746/housing-demand-auto-research-drive-commercial-real-estate-market-in-ann https://www.columbian.com/news/2018/aug/05/after-solid-rebound-whats-next-for-small-cap-real-estate-stocks/ http://rismedia.com/2018/08/05/real-estate-forever-brand-gaining-new-insight-berkshire-hathaway-homeservices/ https://pagesix.com/2018/08/02/usher-sells-the-mansion-he-bought-at-the-start-of-his-career/ https://pagesix.com/2018/08/01/judge-judy-buys-9m-rhode-island-mansion/ https://www.realtor.com/news/trends/top-10-places-big-houses-bargain/ Guest: Ken Arnold Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: Questions@flippingamericaradio.com Tell us where you’re from! Meredith, Pittsburgh, PA, “I want to invest in real estate, but I don’t want to own rental properties and I don’t want to do flips. I want passive investment. I know about REITs and I’ve done some checking into crowdfunding sites. The REITs don’t have great returns but they seem relatively safe. The crowdfunding makes me leery. I know they are probably doing just fine but it seems a little dicey to me. How should I be thinking about where to put my money?” Sydney, Lancaster, PA, “I’m confused about getting my business set up. I own three rental houses and a duplex, all titled in my own name. I just watched a webinar on asset protection. I heard that I needed to form a Nevada Corporation, which they were willing to set up for me -- for a fee of course. Since it was a webinar I looked up what it cost and they were adding about $1000 to what it would really cost. So I passed. But the logic seemed compelling. So I think I need to do something. I would like your input.” Ellen, Villages of Ocala, FL, “We are trying to maximize the returns on our self-directed IRA. We started a little late in the game and don’t really have enough money in there to buy and flip a house. Any suggestions?” Karenza, Long Beach, CA “I want to dive into buying rental properties here in southern california. My question is, am I too late?” Britney, Penn Hills, PA “My husband and I are finishing up our first flip -- so exciting! We are having a discussion about interior paint colors. Our property is in an area that has a lot of investor activity with trendy styles and colors. I want a bold color scheme, but my husband wants builder’s beige. Can you settle the debate?” Motivational Thoughts for the day “Dreams will get you nowhere, a good kick in the pants will take you a long way…” Baltasar Gracian
FAR 178 Seminar Seduction Expected Air Date: 8/20/18 Opening If you’ve been around this business awhile, going to networking meetings or REIA groups, you’ve seen it - the tire-kicker. Or as we sometimes refer to the person - the Seminar Junkie. It took me about two visits to the group to realize that the vast majority of people who attend these meetings or belong to the networking groups are never going to actually do anything. I am the official organizer of three meetup groups in the Atlanta area with a combined membership of just over 5,000 people, which sounds pretty impressive until I share with you that I think out of the three groups perhaps 50 people are active investors and maybe 10 of those are doing this as their full-time job. I’m not criticizing the other group members. Some are gathering information and considering their options. Some are highly motivated and are planning their new career as well as the exit from their current career. Some are just lonely and want to meet people, so they join meetup groups. It’s all fine. My concern is primarily for the self-deluded. These are the people who think they want to be in this business, and really intend to be, but there is something in their psyche that prevents them from taking action. I’m pretty sure I don’t know how to get anyone over that hurdle, because I never had to engage in conscious steps to take action - it’s just always been a part of me. But I’m going to do what I can to help you today to overcome Seminar Seduction. And ironically, I’ll be offering my seminar to you today on the show, coming up in a few moments. Did you know that there are nearly two dozen United States cities that are predicted to have an AVERAGE home price of over a million dollars by mid 2019? I’ll tell you where they are in just a few minutes. You’ll be very surprised at a few of them. That plus more news, information, and a scam alert coming up. How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: The Flipping America Mentoring Program, August 28-31, Sandy Springs, GA Menternship Also. Ten Deal Sources explored and explained. Complete Deal Analysis. Finding the re-sale value of any residential property in the U.S. How to estimate repairs from your desktop. How to finalize a repair estimate through a site visit. How to set up a web site for your business. Structuring your business for effectiveness and asset protection Understanding the various ways to get your deal funded. Learn creative deal structures. The mini-course in negotiating The full course in renovation. How to find, vet, and hire contractors. How to manage the process How to solve the inevitable problems that arise. Learn how you could get your deal 100% funded - not just your next one, but every deal you ever do from now on. Get all the forms, the documents, the checklists, the procedures Get the scripts for your conversations Hiring questions for realtors and contractors Answering the phone Talking to sellers Build rapport Get key information Learn motivation The course comes with on-going weekly group coaching calls You also get one-on-one guidance through your first four flips. This is the three day dive into a year’s worth of training and guidance. But our commitment to you doesn’t end in one year. We are with you at LEAST through your first four flips and definitely until you have more than doubled your training investment. What is the investment? What is reasonable? Let’s talk about $50,000. The cost is $12,967, but if you use the coupon code “radio” your cost is $9,967. Go to www.flippingamericanetwork.com/Mentoring and sign up today. We only take about 10 people per class and several have already signed up. There’s just a few seats left. Lunch with me every Wednesday. Monday the 27th of August, speaking at the West REIA, Cherokee Cattle Company, Marietta, GA Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm. News! https://www.forbes.com/sites/forbesrealestatecouncil/2018/07/09/15-surprising-real-estate-trends-impacting-2018/#507c4b1a4c5e https://www.pwc.com/us/en/industries/asset-wealth-management/real-estate/emerging-trends-in-real-estate.html Your Top Resource for what’s happening in the world of real estate. https://www.flippingamericanetwork.com/ https://www.mlive.com/news/flint/index.ssf/2018/08/police_warn_residents_about_on.html https://www.zillow.com/research/cities-with-1-million-home-value-20950/ https://www.marketwatch.com/story/why-real-estate-investors-should-still-steer-clear-of-turkey-even-as-the-lira-rebounds-2018-08-18 Emails: Questions@flippingamericaradio.com Tell us where you’re from! Francesca, Providence RI, “I want to wholesale properties. How do I set a price?” Eliot, Monroe, GA, “I live in a small town, but there is a nice lake and resort nearby with lots of lakefront second homes. Can you suggest an investing strategy for me?” Carter, Las Vegas, NV, “I’ve been to few real estate seminars and read a couple of books on investing, but I still don’t believe I’m ready to take the plunge. I need a clear concise guide on getting started. Can you help me take the next step?” Vincent, Macon, GA, “It seems that all the great deals are in a bad part of town. Is that true everywhere? How do I make any money there?” Elise, Port St. Lucie, FL, “I really liked the show you did on smart home technology. Can you talk a bit about the technology, programs, apps, and other solutions you use in your real estate business?” Motivational Thoughts for the day "People often say that motivation doesn't last. Well, neither does bathing -- that's why we recommend it daily." -- Zig Ziglar
FAR 176 Expected Air Date: 8/11/18 Opening We are going to take some time today to open the mail and answer a lot of your questions. Thanks for writing in and keep the questions coming. As always we answer every question that comes in and some of them we set aside to answer on the show. www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: Lunch with me every Wednesday. Thursday August 9th, speaking at Flipping Atlanta “Investing in Real Estate with Your Self-Directed IRA” Tuesday August 14th, speaking at Catalyst, “Contractor Impossible” Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm. News! https://www.news-press.com/story/money/2018/08/05/five-reasons-why-real-estate-market-year-could-southwest-florida-best-ever/852009002/ https://www.postandcourier.com/business/real_estate/school-re-openings-influence-local-real-estate-market/article_94f4410c-9504-11e8-b4db-57424629d9af.html https://www.dailyrepublic.com/projects/home-sehttps://www.postandcourier.com/business/real_estate/school-re-openings-influence-local-real-estate-market/article_94f4410c-9504-11e8-b4db-57424629d9af.htmlller/solano-real-estate-scene-are-we-in-another-housing-market-bubble/ https://www.wthr.com/article/watch-real-estate-update-market-slowing-down http://www.crainsdetroit.com/article/20180805/news/667746/housing-demand-auto-research-drive-commercial-real-estate-market-in-ann https://www.columbian.com/news/2018/aug/05/after-solid-rebound-whats-next-for-small-cap-real-estate-stocks/ http://rismedia.com/2018/08/05/real-estate-forever-brand-gaining-new-insight-berkshire-hathaway-homeservices/ https://pagesix.com/2018/08/02/usher-sells-the-mansion-he-bought-at-the-start-of-his-career/ https://pagesix.com/2018/08/01/judge-judy-buys-9m-rhode-island-mansion/ https://www.realtor.com/news/trends/top-10-places-big-houses-bargain/ Emails: Questions@flippingamericaradio.com Tell us where you’re from! Ellen, Villages of Ocala, FL, “We are trying to maximize the returns on our self-directed IRA. We started a little late in the game and don’t really have enough money in there to buy and flip a house. Any suggestions?” Karenza, Long Beach, CA “I want to dive into buying rental properties here in southern california. My question is, am I too late?” Britney, Penn Hills, PA “My husband and I are finishing up our first flip -- so exciting! We are having a discussion about interior paint colors. Our property is in an area that has a lot of investor activity with trendy styles and colors. I want a bold color scheme, but my husband wants builder’s beige. Can you settle the debate?” Wally from Aurora, CO “I want to invest in the marijuana industry. What are your thoughts?” Allie, Milwaukee, WI “I’m looking at an older home - about 50 years old. In the basement, the wall is cracked and bulging out just a little. The bulge is about 5 feet off the floor, and it’s no more than 2” out of plumb with the wall, but the entire wall is slightly displaced. I looked for cracks in the walls upstairs and didn’t see any. The seller told me they completely remodeled the house 10 years ago and tore out the plaster walls and put in new drywall. This could be a nice profitable project but how concerned should I be? Frankie, Manchester Maine, “You seem to buy just about anything. What are things you DON’T or WON’T do?” Suzanne, Tampa FL “How do you do your show three times a week, post on social media like nobody’s business, teach house flipping, make videos AND run your business? I’m not trying to challenge you. I really want to know how you do it? Motivational Thoughts for the day “Dreams will get you nowhere, a good kick in the pants will take you a long way…” Baltasar Gracian
FAR 174 Expected Air Date: 8/6/18 Opening Ok, I’ve given away my content a bit with the title “Feelings are Overrated.” But I’m going to back it up. I’m reminded of a press conference with Coach Bobby Knight when, after a particularly difficult loss a reporter asked him how he felt. Even at the time I thought it was a dumb question, but Coach Knight didn’t disappoint. He tore into the reporter and reminded all of us what a stupid question sounds like. That hasn’t deterred reporters from asking the most obvious question over and over - “How do you feel?” First of all, the answer to that always goes without saying. The reporter asking it is not seeking news, but rather echoing the sentiment in our culture that we should be focusing on and thinking about our feelings. Today I’m going to challenge that notion and put forth the idea that while feelings are a part of our lives and should be acknowledged, 75 years of focusing on them hasn’t made anything better and possibly has made things worse. If you’re like me, and I bet you are, you see someone doing something completely senseless everyday. You also see people acting in complete disregard for everyone around them, as if the universe revolves around them. And lastly you probably see people who have a strong sense of self-esteem without any logical or apparent reason in their life why they should feel good about themselves. By focusing on our feelings we have lost our way when it comes to doing the hard stuff. A culture and a nation grows soft while contemplating our feelings. And the true tragedy is found in the belief that if we can discover how we truly feel, we will be better. The fact is, once we spend the time to discover how we truly feel, all we have done is focus on the emotion, but we haven’t progressed toward any meaningful recovery. Watch a little TV and you will no doubt see a commercial for a new wonder drug designed to address one of your emotional states. Never mind the 5 pages of potentially life-threatening side effects they read off in super speed, the extent the drug works is the extent to which is numbs that feeling somehow. In a few minutes I’m going to share with you a better way - a way to acknowledge your feelings and still get useful things done. I want to give you a hint now, but I think I’ll leave it at that. www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: Lunch with me every Wednesday. Thursday August 9th, speaking at Flipping Atlanta “Investing in Real Estate with Your Self-Directed IRA” Tuesday August 14th, speaking at Catalyst, “Contractor Impossible” Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm. News! https://therealdeal.com/2018/08/04/are-resi-markets-headed-for-a-global-apocalypse/ https://www.denverpost.com/2018/08/03/denver-housing-market-cooling/ https://techcrunch.com/2018/08/03/rentlogic-lands-millions-to-grade-nyc-real-estate-for-renters-and-landlords/ https://www.housingwire.com/articles/46372-wells-fargo-reveals-software-error-wrongly-denied-much-needed-mortgage-modifications https://www.realtor.com/news/trends/foreign-buyers-buying-less-u-s-real-estate/ https://www.realtor.com/news/trends/fastest-growing-suburbs/ https://www.forbes.com/sites/ellenparis/2018/04/23/springs-2018-real-estate-market-is-a-good-news-bad-news-story/#3a1330902c35 https://www.quickenloans.com/blog/emerging-summer-trends-home-decor https://www.refinery29.uk/ikea-interiors-trends-autumn-winter-2018 https://www.refinery29.uk/ikea-interiors-trends-autumn-winter-2018 Topic: Feelings are Overrated If your life is a play, “feelings” is one of the actors, but definitely NOT the director. Purpose is the director of our day to day lives. We’ve spent two generations getting in touch with our feelings, and all we’ve done is feel worse than ever before. While acknowledging our feelings, do what needs to be done and in so doing notice that we begin to feel differently, often better. Physical exercise combats depression. Progression of Activity and Reaction: Activating Event (external) Feeling Thought Decision Action Immediate problems result if we skip the “thought” step. Unfortunately our culture has been training people for at least 75 years to focus on their feelings which has led to acting on or responding to those feelings. If we completely ignore our feelings we may run into problems down the road, but our decisions will be more productive and reasonable. Here’s another problem. Few people have practiced thinking before acting for so long, fewer still know what or how to think when they set out to do so. In general, schools don’t really teach people how to think. They spit out facts for memorization and grades are based on the ability to memorize, not the ability to think. Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: Questions@flippingamericaradio.com Tell us where you’re from! Ronald, Colorado Springs, CO, “I need help finding deals for flips. I’m wrapping up my third deal. All three of them came from a small local bank. They don’t have anything else now, and I’m not sure what to do next. I’ve read a bunch of articles online, but I’m not sure which ones work and which ones are hype. Thanks for the show.” Meredith, Pittsburgh, PA, “I want to invest in real estate, but I don’t want to own rental properties and I don’t want to do flips. I want passive investment. I know about REITs and I’ve done some checking into crowdfunding sites. The REITs don’t have great returns but they seem relatively safe. The crowdfunding makes me leery. I know they are probably doing just fine but it seems a little dicey to me. How should I be thinking about where to put my money?” Sydney, Lancaster, PA, “I’m confused about getting my business set up. I own three rental houses and a duplex, all titled in my own name. I just watched a webinar on asset protection. I heard that I needed to form a Nevada Corporation, which they were willing to set up for me -- for a fee of course. Since it was a webinar I looked up what it cost and they were adding about $1000 to what it would really cost. So I passed. But the logic seemed compelling. So I think I need to do something. I would like your input.” Ellen, Villages of Ocala, FL, “We are trying to maximize the returns on our self-directed IRA. We started a little late in the game and don’t really have enough money in there to buy and flip a house. Any suggestions?” Karenza, Long Beach, CA “I want to dive into buying rental properties here in southern california. My question is, am I too late?” Britney, Penn Hills, PA “My husband and I are finishing up our first flip -- so exciting! We are having a discussion about interior paint colors. Our property is in an area that has a lot of investor activity with trendy styles and colors. I want a bold color scheme, but my husband wants builder’s beige. Can you settle the debate?” Motivational Thoughts for the day “Dreams will get you nowhere, a good kick in the pants will take you a long way…” Baltasar Gracian
FAR 173 Expected Air Date: 7/23/18 Opening What are the guiding principles you use in your investing activity? We all think about returns, but do you consider other data points as well? Ok, some of you right now are asking, “what other data points?” If you are looking at a property to buy and hold and you are only looking at cash flow or only looking at capitalization rate, or only looking at net income, you are not looking far enough. Even if you are considering all three of those, and they ARE separate numbers btw, there is much more to consider. You need to think about the area, the past trends, the future projections, infrastructure, employment opportunities, and much more. So you need data. If you listen to the show much you know that our analysis is data driven. And we look behind the data for assumptions, theoretical models, and the methods used to combine data to reach conclusions. I realize that not all of you listening to this show can be that much of a nerd. It’s ok. We get our hands a little nerdy around here sometimes so we can help you make the best decision possible. That means we have sources for our data. One of our favorites is Attom Data Solutions. Coming up in a few minutes I have Daren Blomquist, Executive VP for Attom Data and we are going to bless your life with a little data talk. Now before you turn this off and switch over to yet another rerun of Gilligan’s Island or Big Bang Theory, let me tell you a few things we are going to be talking about. Attom data is the same company formerly known as RealtyTrac.com. That means they are experts on foreclosure data. We will talk about that. Want to know about crime rates in a prospective area? How about information about the particular property and its history? They’ve got those. Want to know what a neighborhood is like? Income level, percentage of college grads, crime rate, and more? They have it. Want some juicy stats on investor activities? Done. How about a list of distressed or potentially stressed properties? Where do you think the list brokers get theirs? Yeah - go straight to the source and we are going to tell you how. We are going to tell you how to get your hands on their Bi Annual Report on Single Family Rental Home prices. And you don’t want to miss this part -- in the last segment I ask Mr. Blomquist to look into his crystal ball and tell us what he sees happening with housing prices and the markets. His answer is coming up! With RealtyTrac since 2001, Daren Blomquist has been instrumental in many facets of the company’s business as it has transformed into the industry leader it is today. In addition to being one of the company’s longest-term employees, Daren is RealtyTrac’s primary media spokesperson and resident go-to expert on foreclosure statistics and trends. Daren is also managing editor of the company’s monthly newsletter, the Foreclosure News Report, which was named the “Nation’s Best Newsletter” by the National Association of Real Estate Editors, and is directly responsible for the creation of the company’s U.S. foreclosure market and sales reports, which are cited by thousands of media outlets nationwide — including all the major news networks and leading publications such as The Wall Street Journal, The New York Times and USA TODAY. How to Reach us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: Lunch with me every Wednesday. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm. Guest: Daren Blomquist www.Homefacts.com www.homedisclosure.com www.Realtytrac.com Check out the Neighborhood Index. Look up Flip Transaction Data Read the Bi-Annual Report on Single Family Rental Home Prices Topic: Flash in the Pan Flash in the Pan: https://www.phrases.org.uk/meanings/flash-in-the-pan.html Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: Questions@flippingamericaradio.com Tell us where you’re from! Alissa, Grand Rapids MI, “What do you do for security in your fix and flips? I have one in a marginal area and I’m a bit worried about materials left on site and basically the house itself.” Motivational Thoughts for the day “It doesn’t matter how slowly you go as long as you do not stop.” -Confucious.
FAR 171 Expected Air Date: 07/19/18 Opening In the business of flipping houses, the challenging part right now is finding that next deal. Everywhere I go, the word is “deals are hard to come by. Everyone is bidding properties up, by the time it gets sold, it’s no longer a deal.” What can you do? Well, one thing you can do is listen to today’s interview with Tony Lukashevich. Tony is the owner of Reno Georgia and has more than 200 rehab projects under his belt. He’s also the Atlanta area coach for the Flipping America mentoring program, working closely with our Atlanta operators to ensure they deliver their projects on time and on budget. In a few minutes Tony will be with us and share with us how he finds all the deals he needs using just ONE strategy with wholesalers. It doesn’t cost him anything but time and persistence. I know about 10 ways to find deals, but Tony gets more out of this method than anyone I’ve ever seen. It’s taken it to an artform and he’s going to share it with you. Don’t worry - he’s not shooting himself in the foot by sharing his secrets with you. We both know that despite the appearance of shortage, there is NO shortage of opportunity. It just requires time, patience, diligence, and some good old fashioned work - even though the work is not that hard. Tony is coming up in just a few minutes. How to Reach us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: Lunch with me every Wednesday. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm. News! https://www.mansionglobal.com/articles/vietnam-the-next-frontier-in-asia-s-luxury-real-estate-market-102826 https://www.inman.com/2018/07/15/meet-the-inman-innovator-finalists-most-innovative-real-estate-team-part-2/ http://www.dispatch.com/entertainmentlife/20180715/real-estate-report-home-improvement-pace-beginning-to-slow-down https://www.scmp.com/week-asia/business/article/2155209/can-singapore-tame-its-property-market-new-rules Guest: Tony Lukashevich, Emails: Questions@flippingamericaradio.com Tell us where you’re from! Simon, Boulder, CO, “We have been thinking about investing in a Senior LIving Center. I saw an article stating that the American population is aging and this would be a good investment. What do you think?” Megan, Long Beach, CA, “I’m looking into investing in mini-storage. Im’ wondering what you would consider a good return?” Alex, Jacksonville, FL “Is it possible to flip multi-family?” Will, Lancaster, PA “My question is this: what are the questions I should be answering for myself as I consider whether or not to invest in real estate?” Why am I doing this? What do I want / need in the way of returns? What are my options / investment types? What is my risk tolerance? What are my time horizons - How long do I want to hold properties? How long do I want to be actively involved in this? What’s my exit? Sell? Legacy? Motivational Thoughts for the day Most opportunities come disguised as hard work. That’s why most people don’t recognize them. -Ann Landers
FAR 170 Expected Air Date: 07/16/18 Opening Your network is your net worth. We’ve heard that for years. The more you connect with people in this industry, or whatever industry you happen to be in, the more good things can happen. I can’t tell you exactly how or when those results might begin to benefit your life, but I can tell you that your best success as an entrepreneur will come from the people you meet, either investors, suppliers, customers, or even your fellow competitors. Today I’m going to talk to you about a giant in our industry, Connected Investors. They are one of the largest networking sites for real estate investors in the world. On their site you can find people in your area, or people in the area where you want to be, vendors, deals, money, just about anything you need. In a few moments we are going to be joined by Marty Coyne, the Chief Technology Officer for Connected Investors. We were talking at a conference recently - yes, NETWORKING! And he told me about a new product they had released. It’s an aggregation tool that puts a ton of seller leads all into one place -- a product they call PinPoint Profits. I expressed my doubts and Marty put it on the line. He asked me to use the product and see if it didn’t work. I did, and WOW. We’ve only been using it a few days now but we are stunned by the potential. We have hundreds of new leads and are already in contact with a few of the sellers. I’ll keep you posted as we go along, but so far I’m amazed and delighted to tell you about this. But Connected Investors is a LOT more than PinPoint Profits. Marty will explain more in just a few minutes - you don’t want to miss any of this, because after we talk about CI for awhile I’m going to throw a couple of real estate technology questions his way. Wait til you hear his answers! How to Reach us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: Lunch with me every Wednesday. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm. Guest: Marty Coyne, Marty Coyne is the Chief Technology Officer of Connected Investors, the world's largest Real estate investing Community and Marketplace. Coyne plays a key role in shaping CI's technology strategy as Ci is experiencing explosive growth and making its presence known in Fintech. The transformational impact that technology can provide, has characterized Coyne's career in technology solution sales and as an executive at Motorola, where his teams drove more than $1B of new business revenue to his company and its partners. Leveraging that success, Coyne launched a global consulting practice helping lead many of the most recognizable names in the tech sector drive results bringing disruptive solutions to the market. www.connectedinvestors.com www.cix.com Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: Questions@flippingamericaradio.com Tell us where you’re from! Andre, Pittsburgh, PA, “How do you find contractors? Most of the guys I talk to have a two month wait” Garth, Waukesha, WI, “I hear horror stories about contractors. How do I know I’m hiring the right person?” Motivational Thoughts for the day Most opportunities come disguised as hard work. That’s why most people don’t recognize them. -Ann Landers
FAR 169 Expected Air Date: 07/14/18 Opening I can’t say enough about today’s guest. Great heart, great energy, great knowledge, and willingness to share himself and his experience with everyone. Abhi Golhar is a 2x nationally syndicated radio host on the Wall Street Radio Network, author, blogger, and CIO of Summit & Crowne, a real estate investment firm in Atlanta. Golhar has been investing in businesses and real estate since 2002 and always used a “value-added” approach to identify acquisition. He educate thousands of people as a national speaker and on his daily radio and YouTube shows. Golhar enjoys working with investors to implement market-driven strategies which have the highest potential for success. Do you have questions about how you can set up your business to advance and finish well? Golhar has answers. Email him: abhi@abhigolhar.com. Abhi took a non-traditional route into real estate investing, he started in it while still young! You’ll hear his fascinating story coming up in just a few minutes. How to Reach us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: Lunch with me every Wednesday. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm. Guest: Abhi Golhar Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: Questions@flippingamericaradio.com Tell us where you’re from! Fenton, St. Louis, MO “Is there a way I can work from the rent amount into a number I should pay for a house? I’m looking at paying $55,000 for a house I can rent out for $750. It seems like a good deal, but I don’t know for sure.” Alice, Atlanta, GA “I just heard about something called Debt Service Coverage Ratio. The presenter gave some numbers and I just nodded like I understood, but I had no idea what he meant. I knew right away I could just email you and get an answer.” Motivational Thoughts for the day When you want to succeed as bad as you want to breathe, then you’ll be successful. Eric Thomas
FAR 167 Expected Air Date: 07/09/18 Opening I was minding my own business at the pool the other day and a young man walked by with a shirt that read “Stop Being Poor.” My first reaction was to be a bit startled, then amused. I thought to myself “he’s inviting a heap of criticism upon himself -- I wonder if he can take it?” Then I realized we were at the pool deck of our building in midtown Atlanta and it’s unlikely he would run into any poor people at this venue. Of course if we want to see poor people all we need do is step outside the door of our building and start walking in any direction. We won’t go a full block before we come across someone with their hand out, making various claims about their homelessness, joblessness or poverty. This show is about real estate and real estate investing, and the subject of poverty is not a happy one. In fact it might be one we prefer not to ever think about. But it is ever with us and should be considered in light of our larger responsibilities to ourselves and the people around us. So later in the show I’m going to tackle the subject and see if I can’t bring it around to a real estate connection somehow. How to Reach us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: Lunch with me every Wednesday. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm. News! https://www.forbes.com/sites/ingowinzer/2018/07/06/booms-are-back-in-these-25-real-estate-markets/#59e4405a5386 https://www.consumerfinance.gov/about-us/newsroom/cfpb-launches-new-mortgage-performance-trends-tool-tracking-delinquency-rates/ https://www.corelogic.com/downloadable-docs/hpi/corelogic-hpi-monthly-marketing-data-may-2018webnational.pdf https://www.ocregister.com/2018/07/05/bubble-watch-is-southern-californias-housing-shortage-near-its-end/ https://www.huffingtonpost.com/entry/poverty-is-a-choice-they-say_us_58c316d8e4b0a797c1d39c77 https://talkpoverty.org/2017/10/04/house-budget-shows-us-poverty-choice/ https://haroldherring.com/blogs/harolds-blogs/richthoughts/270-12-reasons-poverty-is-a-choice https://www.rappler.com/thought-leaders/167915-poverty-not-a-choice https://www.washingtonpost.com/news/politics/wp/2017/03/07/jason-chaffetzs-iphone-comment-revives-the-poverty-is-a-choice-argument/?noredirect=on&utm_term=.f97308de890b http://www.debate.org/opinions/is-poverty-a-choice Topic: Stop Being Poor The shirt: “Stop Being Poor”. I did some research and learned there was an entire meme on the internet about this. Poverty is a choice, especially in the United States of America. Many are born into poverty and don’t realize the opportunity. Our role is to present the opportunity, not create dependency. Anyone can take the next step. “The poor will always be with you.” -Jesus. Why? Some (non U.S.) lack any reasonable opportunity. Some do not have the ability to lift themselves out. Mental illness or physical disability. Some are trapped by culture - unaware of the steps out of poverty. Some are unmotivated. America is a land of opportunity unparalleled in the world and throughout history. It is also a country where you can do absolutely nothing with your life and receive handouts that make your living standard better than much of the rest of the world. Many will choose this. If you’re unmotivated, if you’d rather sleep than work, if you prefer entertainment or fill in the blank with your substance of choice rather than advancing yourself, I’m ok with that. Just don’t complain to me about being poor. And please have the intellectual integrity to stop blaming everyone else. So what do we do with the poor? Feed, clothe, and shelter them. Show them the way out. Feed, clothe, and shelter even those who choose to remain poor. Why? Because this is how we live out beautiful concepts known as mercy and grace. We have all received mercy and grace and perhaps the most Godlike thing we can actually DO with our lives is to be conduits of mercy and grace. What are mercy and grace? Mercy: NOT getting the negative results you deserve. Grace: Getting positive blessings you don’t and possibly couldn’t deserve. Anyone hearing my voice right now has the opportunity to do something different with your life, if you want to. If you think there’s a better life out there and you want it badly, you have the freedom in this country to pursue it. There’s so much more to life than being rich in material things, but if that’s what you want, all you have to do is learn what rich people do and do that. Whatever it is you want to achieve there is almost certainly someone out there whose path you can follow. The real question is not whether there is opportunity. The real question is, how badly do you want it? What can we do? The people on the street? The impersonal unknown “poor” Let the state help? Do your bit. The working class poor? Affordable housing Rent with respect for human decency and dignity. “There will always be those who take advantage of the less fortunate. You don’t have to be one of them -- even to compete with them.” Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: Questions@flippingamericaradio.com Tell us where you’re from! Veronica, Pittsburgh, PA, “I’m new to this, I have my contractor and my funding lined up. I just need deals. What are the top 2 or 3 ways you find deals to fix and flip?” Max, Long Beach, CA, “I want to get into this business. I have no money, no credit, and no experience. But I WILL work hard and I will work for free just to learn. Can you help me?” Motivational Thoughts for the day When you want to succeed as bad as you want to breathe, then you’ll be successful. Eric Thomas
FAR 166 Expected Air Date: 07/07/18 Opening I got a show full of news and your questions today. We are getting emails from some of you who are loving the guests we’ve been having and some of you prefer the shows where I talk the entire time. Your comments are about evenly balanced with a slight tilt to the guests. I personally prefer the guests because I usually don’t learn anything new when I’m talking and I want to learn more and get better at this. Today I’m going to review the news, talk about More News with regard to my predictions about the market, and then share some Really Exciting News about a new program from your friends here at Flipping America. How to Reach us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: Lunch with me every Wednesday. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm. News! https://www.realtor.com/advice/rent/airbnb-rules-for-renting-out-home/?iid=rdc_news_hp_carousel_theLatest https://www.realtor.com/news/celebrity-real-estate/inside-derek-jeter-castle/ https://www.realtor.com/realestateandhomes-detail/4110-Paces-Ferry-Rd-NW_Atlanta_GA_30327_M54418-80077#photo0 https://www.realtor.com/advice/home-improvement/geometric-decor-ideas/?iid=rdc_news_hp_carousel_theLatest https://www.houzz.com/ideabooks/27317567/list/20-ideas-for-easygoing-summer-parties https://www.nationalmortgagenews.com/news/mortgage-delinquency-rates-down-annually-a-sign-of-a-healthy-economy https://www.consumerfinance.gov/about-us/newsroom/cfpb-launches-new-mortgage-performance-trends-tool-tracking-delinquency-rates/ The BIG announcement. Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: Questions@flippingamericaradio.com Tell us where you’re from! Motivational Thoughts for the day When you want to succeed as bad as you want to breathe, then you’ll be successful. Eric Thomas
FAR 164 Expected Air Date: 07/2/18 Opening Have you ever asked yourself the question, “what is this remodeling job going to cost?” When you buy an investment property, especially if you are going to flip it, the repair / remodel number is one of the big three numbers you HAVE to know in order to be sure you’re going to make money on the project. The other two are the ARV and the cost of the money. Where does the purchase price fit in? Because it seems like that’s where you start. It IS the first number that gets activated in the process, but it’s the last number to be calculated. You back into a purchase or offer price based on the other three numbers. This is true in any kind of property investment. You must have your exit strategy and a strong understanding of what you will get for the property, you must know your rehab or “value add” number. And you should be mindful of you cost of funds. Today we are going to visit with the guy who can help you nail down that rehab number. His name is Pat Dornan and he is the inventor of the Ultimate Rehab Estimator. Ron was on the program about a year ago when both his software and this show were new. In that time his product has grown, the feature set has expanded remarkably, and he is, in my opinion, on his way to market dominance. There are other construction estimating programs out there designed for the insurance industry and disaster cleanup crews, but they use bloated and many time unrealistic pricing, which frankly seems like more of a WAG to me. If you want to know what a WAG is, you can look it up or contact us, but this is a kid friendly show, so I’m not telling you on the air. The URE takes you through a property board by board, cabinets, countertops, outlets, everything you would typically do in a property. The program is linked to the Home Depot catalog for most every item you would ever need. Then Pat and his team add in the labor rates from every state in the US and sales tax information in every location so they can calculate to within a couple of dollars the exact cost of your rehab. It’s an amazingly thorough product and no investor should be without it. Pat will be here in just a few moments. How to Reach us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: Lunch with me every Wednesday. Flipping America App is in the app store. You can listen to the show, read the show notes, and n the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm. News! https://www.forbes.com/sites/jeffsteele/2018/06/28/dos-and-donts-when-reinvesting-real-estate-returns/#6ca409e918a0 https://www.forbes.com/sites/forbesrealestatecouncil/2018/06/28/is-commercial-real-estate-dying-or-just-different-seven-experts-weigh-in/#63739b92f7b7 https://www.dallasnews.com/business/real-estate/2018/06/28/dallas-wants-involve-developers-redeveloping-citys-old-public-housing-stock https://pilotonline.com/business/jobs/article_1c99bd0e-6b01-5736-928b-4f6add75f5d7.html http://www.cbs8.com/story/38526442/housing-market-are-house-flippers-driving-up-san-diego-home-prices https://www.cnn.com/2018/06/27/us/san-francisco-income-housing/index.html Guest: Pat Dornan, Ultimate Rehab Estimator Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: Questions@flippingamericaradio.com Tell us where you’re from! Warrick, Boulder, CO “Just found your show and am enjoying it. I’m about to do my first flip, buying a house from a wholesaler. He wants me to give him $7500 as a non-refundable deposit. He also said there is no due diligence on the deal. I have to close in 14 days. I didn’t want to ask him, but what is due diligence? And is this a bad thing?” Larry, London, KY, “I’m interested in owning rental properties in this area. I have a few, but I’m not sure I bought them right. What kind of price would you suggest? The market here is probably not as strong as some of the places you mention on your show.” Sheila, Jacksonville, FL “I’m 63 about to retire a bit early. I have enough in my accounts that I know I can live the rest of my days if I can make just a consistent 6% return on my investment. I don’t really trust the stock market and I do like real estate. But I don’t want to own or manage any properties. I just want 6%. Did I hear you say you have a private lending program that would make something like this?” Motivational Thoughts for the day Keep your eyes on the stars and your feet on the ground. -Theodore Roosevelt
FAR 163 Expected Air Date: 06/30/18 Opening We’ve been talking about life and business over the past few weeks and today we have Ron Carucci online to visit with us about start-ups. We discuss several of the misconceptions in the minds of new entrepreneurs, and the mistakes that flow out of those misconceptions. More importantly we discuss how to address them. Ron and his partners work with medium size and larger businesses typically but he was willing to give us 30 minutes of his valuable insight. That’s coming up shortly. In case you missed it, I want you to pay attention to Zillow. They are a giant among us. You can pick on the Zestimate all you want and I’ll agree with you that it is not to be trusted. But Zillow is huge and has a ton of cash to work with. That’s why when they announced recently they are getting into the direct buying space, I sat up and took notice. They have the clout and the national presence to clobber everyone else, I’m looking at you OfferPad, Knock, OpenDoor, and even Mark Spain with your Guaranteed Offer program. Should these people fold up and quit? Absolutely not. Let’s all get better at what we do. We are all out there looking for deals and here is the MAIN reason all of these are not going to put us out of business: You ready for this? No, wait. I’ll tell you after my talk with Ron. How to Reach us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: Lunch with me every Wednesday. Flipping America App is in the app store. You can listen to the show, read the show notes, and n the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm. News! http://fortune.com/2018/05/23/real-estate-housing-home-prices-falling-recession-2020/ http://mainepublic.org/post/real-estate-whats-happening-maines-market#stream/0 https://www.dallasnews.com/business/real-estate/2018/06/22/economy-next-recession-real-estate-analysts-give-best-guess https://theberkshireedge.com/welcome-to-real-estate-friday-49/ http://www.capegazette.com/affiliate-post/3-issues-facing-today%E2%80%99s-real-estate-market/159968 https://www.wavy.com/hr-show/real-estate-a-seller-s-market/1253524706 Guest: Ron Carucci, Co-Founder Navalent Notes from the Interview (You’re welcome!) 3 things holding back most Entrepreneurs Identity - “What is your strategy?” often yields stock answers like mission, vision, values statements. Usually borrowed, plagiarized or counterfeit. Why you? What are the differentiators? Organizational Continuity - Processes. Intentional design and deplloyment of assets 70% of what we do is just necessary to stay competitive and keep the lights on. Enabling work is what moves us forward. Often these get diluted. Leadership Tips for listeners: Don’t let HGTV seduce you. It’s not for everyone. If you’re going to “just do it”, “just do it” wisely. Be thoughtful. Give it a year to work. Ask yourself, “Am I willing to do what it takes to succeed?” Scaling is not Growth. Growth is topline increase at the same rate of cost. Scaling is repeatable efficiency. Resources: www.navalent.com/transformation www.liminalspace.org Reinventing You, Dory Clark Rising to Power, Ron Carucci Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: Questions@flippingamericaradio.com Tell us where you’re from! Ebony, Detroit, MI “Hi Roger can transactional funding be used to purchase properties at tax or bank foreclosure auctions? I know transactional funding is used for back to back closings that must take place the same day. I think it would be best to at least ask the homeowner to agree to a thirty day time frame to allow time to find an end buyer. I know the law states that the homeowner who's being foreclosed on has a six month redemption period to stay in their home without paying a mortgage, they can reclaim their property and they cant be evicted unless they refuse to allow an inspection or if they damage the property. So with that being said can transactional funding still be used as long as the end buyer is ok with purchasing a foreclosure that has a six month redemption period? Or should I check with the companies or local court houses that hold the auctions to find out if transactional funding is allowed for tax and bank foreclosures? Milton, Villages of Ocala, FL “I need a reputable lender for a rental property. Can you help?” Jim, West Palm Beach, FL, didn’t email but from a strategy call. “I have about 20k to put into a deal and just can’t find a deal that small that isn’t in a terrible area.” Motivational Thoughts for the day Keep your eyes on the stars and your feet on the ground. -Theodore Roosevelt
FAR 162 Expected Air Date: 06/25/18 Opening Many of you listening to this have two types of assets - liquid assets and illiquid assets. A liquid asset is cash or anything that can be turned into cash in about 3 days such as publicly traded stocks. Illiquid assets include things like real estate, which clearly cannot be turned into cash -- until now. Our guest today is Matthew Sullivan, founder and CEO of Quantm RE. Matthew and his company have developed a way to turn your equity into cash. You are not refinancing your home, there’s no credit check, and once your equity position is established through an appraisal and title work, you are just hours away from cash in your bank account. The company will buy a percentage of your equity at current value and wait for you to sell the house before getting paid back. Does this sound too good to be true? How does the company make money? Surely it’s not doing this out of charity. What are the risks to you as a homeowner and what are the risks to the company? I recorded the interview earlier and I’ve had a little time to think about this and I think it is one of the coolest ideas I’ve seen in a long time in real estate. Matthew and his team DO make money, but most of the risk is on them. Once you understand your costs and make a plan for the money you will receive that will more than cover those costs, this is something you should consider. Everyone’s situation is different and this wouldn’t be a great solution for everyone, but on the whole, this is an idea I can get behind. And wait until you hear what they then do with that shared equity. They give the public, you and me, a chance to own some of it. All that is coming up today on Flipping America. How to Reach us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: Lunch with me every Wednesday. Flipping America App is in the app store. You can listen to the show, read the show notes, and n the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm. News! http://fortune.com/2018/05/23/real-estate-housing-home-prices-falling-recession-2020/ http://mainepublic.org/post/real-estate-whats-happening-maines-market#stream/0 https://www.dallasnews.com/business/real-estate/2018/06/22/economy-next-recession-real-estate-analysts-give-best-guess https://theberkshireedge.com/welcome-to-real-estate-friday-49/ http://www.capegazette.com/affiliate-post/3-issues-facing-today%E2%80%99s-real-estate-market/159968 https://www.wavy.com/hr-show/real-estate-a-seller-s-market/1253524706 Guest: Matthew Sullivan, Sell a Piece of Your Home Notes from the Interview The company is called QuantmRE. Find them at www.quantmre.com. The idea here is you sell a percentage of the equity in your house. This gets paid back when you sell the house. The concept is known as shared equity and is a way to turn the equity in your home into cash. The shared equity is then tokenized and sold as a crypto-currency -- a digital currency backed by real estate. The coin will be called EQRE. - the Quantm Coin. Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: Questions@flippingamericaradio.com Tell us where you’re from! Keith, Bakersfield, CA “What is your opinion of flat fee real estate services and the agents that do them?” James, Boulder, CO “We are looking into buying rental properties in college towns. It won’t work here in Boulder with the Air Force Academy, but it seems like a decent idea. Your thoughts?” Casey, Seattle, WA “I was in a meeting a month ago and someone there had been on your show, so I went looking for it. I can’t believe all the great information you are just giving away, but I thank you. I’m really new at this, but my husband and I have some rental properties. They seem to pay for themselves, but I think maybe not quite, when you consider everything. We have 4 houses that together cost us $1.4 million. We get about $6500 per month from them. They are all free and clear with good tenants in good areas. What I don’t know is whether they are really a sound investment. They are in Seattle and we believe they will be worth more in a few years than we paid for them.” Motivational Thoughts for the day Keep your eyes on the stars and your feet on the ground. -Theodore Roosevelt
FAR 161 Expected Air Date: 06/23/18 Opening For most people Real Estate Investing is a Team Sport. You may not have any employees or if you do they won’t be a large number. This is in part by design. We got into this business to get away from the inherently stifling nature of the corporate world. We didn’t set out to create another corporate world. We are entrepreneurs. We want to come and go as we please. We want to go to the beach with our spouses and family on Thursday through Sunday. Ok, we want to fly to the Caribbean Thursday and come back Sunday. Or we want to take off and play a couple of golf courses in Alabama on the Robert Trent Jones Golf Trail on a Tuesday and a Wednesday. Whatever you wanted to do with the time, you mainly want it flexible, so we don’t have much in the way of a staff do we? Even though this is true, we STILL have a team. By the time you are working this business full time, you have assembled a team whether you want to admit it or not. You have a Realtor or three, a couple of general contractors, probably have several handymen, plumbers, and electricians on speed dial, you are getting to know a real estate attorney, you have wholesalers, birddogs, VA’s and possibly even an employee or two. You have a team. Your team won’t all be employees but like any team, it needs to be recruited, managed, and maintained with excellence. And this is where today’s guest shines. Jeffrey Davidson is a master team builder, consultant, and all-around helpful guy. He knows some things about real estate investing too, but his focus day in and day out is helping business leaders lead more effectively. Stay tuned because in just a few moments, he’s going to lay some wisdom on us all. I’ll be asking him for leadership tips and hiring expertise. His company is called Leading Great Teams. He will be along in just a few moments. How to Reach us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: Lunch with me every Wednesday. Flipping America App is in the app store. You can listen to the show, read the show notes, and n the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm. News! https://www.forbes.com/sites/forbesrealestatecouncil/2018/06/21/a-faster-and-easier-way-to-finance-real-estate-investments/#50c7a2d79cdc https://www.forbes.com/sites/forbescommunicationscouncil/2018/06/21/three-ways-to-boost-your-real-estate-brand-with-video/#5104cb83180d https://www.chron.com/business/real-estate/article/Real-estate-briefs-Halliburton-Westchase-campus-13012042.php http://business.financialpost.com/real-estate/dont-expect-real-estate-agents-to-disappear-any-time-soon https://www.businesslive.co.za/fm/money-and-investing/2018-06-21-sirius-real-estate-a-model-that-works-differently/ Guest: Jeffrey Davidson, Building Great Teams Notes from the Interview Three free giveaways www.greatteamsltd.com/more Top Tips for Leaders: Answer the question: How do we define success? Set clear expectations. Over Communicate Follow up. Language is a big issue. 2 examples: What can you build on? Where should we re-focus? Tips for hiring Find out what they value Learn their key skills Try them out Tips for employees Do you know our company mission? Do you talk to each other? Do we have the right tools? Do we have the best processes? Are we interacting as a team? Are we working together to make this organization as good as possible? Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: Questions@flippingamericaradio.com Tell us where you’re from! Carmen, Tampa, FL “I want to put money into one of your deals, but you never talk about how to do that. How do I do that? Fred, Brooklyn, NY “Can you explain the concept of remote flipping? I would very much prefer to be flipping houses in more affordable areas.” Carlie, Madison, WI “I have a private lender who wants 15% with no upfront money. He will fund the entire thing. I have a hard money lender who will loan me 85% of my project cost at a rate of 12% but I have to pay 2 points and make a huge down payment. I’m trying to figure out which is the better way to go but I’m stuck. I’m buying the house for 280k. I think I’ll sell it for 420 when it’s repaired. The rehab budget is $35,000. Motivational Thoughts for the day “If you cannot do great things, do small things in a great way.” Napoleon Hill
FAR 160 Expected Air Date: 06/21/18 Opening Looking for an opportunity to get into a real estate business that doesn’t require a lot of cash, doesn’t have much competition, and can be done remotely without ever leaving your computer? Today Mark Podolsky is going to join us and talk about an opportunity to do just that. You won’t have tenants to deal with, you never have to make repairs, the cash flow is about as automated as it gets. It really works and just saying this gets me fired up about it. How to Reach us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: Lunch with me every Wednesday. Flipping America App is in the app store. You can listen to the show, read the show notes, and n the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm. News! http://flatheadbeacon.com/2018/06/13/real-estate-market-trends-6/ https://www.ocregister.com/2018/06/19/hot-real-estate-markets-to-cool-in-2020-experts-predict/ http://labusinessjournal.com/news/2018/jun/19/40-million-fund-real-estate-startups-tech-draws-he/ https://www.npr.org/2018/06/18/620939197/zillow-data-used-to-project-impact-of-sea-level-rise-on-real-estate https://www.tennessean.com/story/money/homes/2018/06/20/great-backyard-gives-homes-edge-real-estate-market/706592002/ Guest: Mark Podolsky, the Land Geek Notes from the Interview Email support@thelandgeek.com and mention Flipping America and he will send you a copy of the Passive Income Launch Kit Course, a $97 value. Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: Questions@flippingamericaradio.com Tell us where you’re from! Karen, Boston, MA “I found your show on iHeart radio, but then downloaded the app. I haven’t found you on the radio here in Boston but I don’t even care. The app is great and allows me to listen to all your previous shows. So here’s my question. I want to buy a couple of rental properties, but they are around $300,000 to buy a modest home that I could rent for maybe $1800 per month. That rent would cover my principal and interest payment and most of the taxes, but that’s it. I think I would have to come out of pocket a bit on these. I have a high paying job and the extra expense isn’t a factor. I don’t even need the income. I just wanted to build equity. Am I thinking about it the wrong way?” Keith, Ellijay, GA “Seasonal cabin rental. Yes or no?” Ashley, Jacksonville, FL “I’m looking at a single family home in a great area that I think will cash flow ok. I have an opportunity with a duplex in an ok, not great area that cash flows even better. How should I make a decision as to which one to buy?” Motivational Thoughts for the day “If you cannot do great things, do small things in a great way.” Napoleon Hill
FAR 155 Expected Air Date: 06/2/18 Opening Over the past couple of weeks we have been visiting together around topics that some in the training industry would call “mind-set pieces.” We have talked about knowing your Why - understanding your basic motivations. We’ve talked about Choices and how your life is a reflection of the choices you’ve made and your future will be determined by the choices you’re making in the present. On the last show I shared some thoughts with you about Confidence. Confidence is a beautiful thing when you have it. Life is difficult without it. Business is nearly impossible without it. So I talked about how to get it, how to keep it when life happens, and how to keep it in check through realistic self-appraisal. I also talked a bit about mistakes and failure as these are often the result of over-confidence. But even these are not the end of the story, because you can overcome most of life’s obstacles if you have a healthy dose of today’s mind-set topic - COMMITMENT. I’m going to devote some time to this important topic in a bit. How to Reach us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: Lunch with me every Wednesday. Flipping America App is in the app store. You can listen to the show, read the show notes, and soon the entire catalog of shows will be available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm. News! https://www.forbes.com/sites/forbesrealestatecouncil/2018/05/31/rent-control-what-it-means-for-the-real-estate-marketplace/#610899197670 http://austin.culturemap.com/news/real-estate/05-30-18-tiny-homes-convention-simple-living-jamboree-travis-county-expo-center-august-kasita/#slide=0 https://www.seattletimes.com/business/real-estate/seattle-real-estate-startup-which-aims-to-make-everyone-a-cash-buyer-raises-17-million/ https://www.housingwire.com/articles/43553-flat-fee-real-estate-company-home-bay-buys-50-stake-in-ontitle https://www.prnewswire.com/news-releases/flyhomes-increases-certainty-for-buyers-and-sellers-in-nations-most-competitive-real-estate-markets-300657075.html Topic: Commitment Imagine your life as a car. Your “Why” is the fuel. Your Confidence is the engine. Your Choices are the steering system. And your Commitment is the car’s electrical system. You can have your purpose, your moxy, and your path all figured out, but without commitment you’re going nowhere. Commitment is a decision or a choice if you will, a decision to begin. Commitment is where you start and how your start. No effort is required to go downhill. Commitment is there to take you uphill. Commitment is completed by its sibling Discipline. They don’t always go hand in hand. Commitment will get you to the gym for a couple of days. Discipline will keep you there for years. Commitment will allow you to plan out and begin your business. Discipline keeps you at it when it gets tough, when it gets mindlessly easy, or even when it gets boring. The analogy is imperfect though. Both commitment and discipline need to be re-visited, tuned up, or re-stocked as needed. I’m quite sure there’s nothing I can say about commitment that hasn’t already been said. But repetition is good for the soul, the mind, and the life. So here we go. I’ve said for sometime that goals without a plan is mere wishful thinking. Here’s the next thought. A Plan without commitment is a step-by-step outline of failure. It’s not enough to WANT success. It’s not enough to PLAN for success. You have to commit. You’re probably familiar Hernan Cortes landing in the new world in 1519 and ordering his men to burn their ships. That was it. No going home. Two years later he had conquered the Aztec Empire. There’s something about having your back against a wall that gives you that extra unction you need to make things happen. This is a good thing. Your ultimate success is of course going to require Goals, Plans, Confidence, Good Choices, and a reasonable opportunity. But the one thing that will connect all of those is Commitment. Have you tried to get involved in real estate investing and so far had little or no success? Are you frustrated (and let’s be honest, a little envious) when you see people around you seeming to do so well? Do you get perhaps a little resentful that it seems to come so easily for some while it remains difficult for you? Are you tired of trying and ready to give up? Let me encourage you if I can. No one’s life is a easy as they may make it appear. And by the way, few whiner’s lives are as difficult as they want you to believe, but I digress… Every person is on a journey to somewhere. You are on yours. If your goal and plan and path are leading to success, then don’t worry if someone seems to be ahead of you. In fact, choose to rejoice and be happy for the confirmation that this path really does seem to work. Taking too long to get there? Stop focusing on the speed and start concentrating on the difference you are making in others’ lives while on the journey. I can tell you from history and from personal experience that the journey is always more interesting than the destination. The moment you arrive at what you think is your destination I promise you will find another goal and quickly realize that this isn’t a destination, it’s a waypoint - a milestone. There’s more road ahead. Challenging? Bring it on. Difficult? Let’s do this. Confusing? Interesting - let’s figure it out. Whatever it is that is slowing you down is actually helping you get better and BE better. So if things are not working out the way you thought they would or should, first double-check your Goals, Plans, Opportunity, Path, and Choices. If they are all sound, then re-commit to the process. Embrace hardship as life’s reality and choose joy in the journey. I promise you won’t regret true commitment. Motivational Thoughts for the day Success is not final, failure is not fatal: it is the courage to continue that counts. – Winston Churchill Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: Questions@flippingamericaradio.com Tell us where you’re from! Alyssa, Milwaukee, WI, “I’m speaking with a lady who wants to sell her home to me. She’s in her 60’s and wants to move to a Senior living center. She has lived in the house for the past 35 years. She is a bit of a hoarder with piles of books and magazines in every room in the house. It’s hard to really know if there is any serious damage, but the house seems structurally sound. It needs some serious updating. I don’t know how to price this and I don’t know how to approach her with an offer. Houses are selling in the neighborhood for 400. There’s a new neighborhood going in across the street with similar sized homes going in the 600’s. My seller wants a fair price and I want to give it to her but neither of us have a clue what that would be. Oh and if it matters I’m planning to flip the house. Brandon, Kalispell, MT, “I was in Las Vegas last week visiting friends and they told me about your show and that you had mentioned our little town more than once. So I checked it out and you give a lot of really good information. But how on earth did you hear of Kalispell?” Connie, Portland, ME, “When it comes to paint, do you specify a particular brand? There are so many - are they all about the same? And why would there be large differences in quality anyway? Isn’t paint paint?” Hector, Jacksonville, FL “Can you connect me with a lender who will loan on rental properties -- I have a lead on several here from $50,000 to $125,000 in price.? Donna - Wholesaler in Colorado Springs, CO. “I’m knocking on doors and making friends, getting leads, but when it comes to figuring out what remodeling will cost, I’m just guessing. How can I be more accurate?” Whitney, Philadelphia, PA, “I have money to put into real estate and I’m intrigued by your idea of private lending. How would I set this up? I want to loan money to people you recommend.” William, Fargo, ND. “I found your show on the internet and I’m enjoying it so far. Do you have an opinion about owning rental properties in a place like Fargo? This is the way I would want to pursue real estate.” Questions@flippingamericaradio.com Tell us where you’re from!
FAR 154 Expected Air Date: 05/31/18 Opening Hello Everyone. Great to be with you today. Today we are going to be talking about a quality that is absolutely important for any business owner, Confidence. You have to have it, but how do you get it? How do you keep it when life happens? How to you keep it in check - to prevent being over-confident? All that is coming up with a few lessons learned the hard way in just a few moments. How to Reach us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: Lunch with me every Wednesday. Flipping America App is in the app store. You can listen to the show, read the show notes, and soon the entire catalog of shows will be available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm. News! https://www.realtor.com/news/trends/latest-real-estate-trend-coloring-books-grown-ups/ http://www.nreionline.com/nrei-wire/10-must-reads-cre-industry-today-may-30-2018 https://www.forbes.com/sites/forbesrealestatecouncil/2018/05/30/the-state-of-the-union-of-real-estate-investing/#2a91d773a139 http://www.nreionline.com/seniors-housing/how-seniors-housing-noi-growth-compares-other-sectors https://sf.curbed.com/2018/5/30/17409024/case-shiller-index-first-quarter-2018-san-francisco-housing https://www.realtor.com/news/unique-homes/chevy-chase-mansion-maryland-most-expensive/ https://seekingalpha.com/article/4178005-redfin-amazon-real-estate https://www.cnbc.com/2018/05/29/mortgage-rates-drop-but-borrowers-are-not-impressed.html https://therealdeal.com/chicago/2018/05/30/condo-deconversions-are-all-the-rage-in-chicagos-hot-rental-market-heres-why/ https://seekingalpha.com/article/4178036-housing-bubble-pathologies-start-bite-yet-another-sign-cycle-peaked https://www.marketwatch.com/story/how-10-year-yield-affects-your-mortgage-2018-05-30 https://seekingalpha.com/article/4178065-headwind-facing-housing https://www.bisnow.com/national/news/office/wework-property-fund-raises-400m-giving-it-huge-warchest-to-buy-buildings-88970 http://www.nreionline.com/multifamily/multifamily-rent-growth-stalls-top-markets http://austin.culturemap.com/news/real-estate/05-30-18-tiny-homes-convention-simple-living-jamboree-travis-county-expo-center-august-kasita/#slide=0 Topic: Confidence Confidence is a vital quality for life but especially for business owners and operators. Confidence is an attracting quality that draws people to you. Properly sized and placed confidence provides inspiration, makes those around you more comfortable. For some people, confidence seems natural and easy. For others it’s a challenge and their self-messaging often tells them they will never be a confident person. This is one case where what you tell yourself will certainly determine the outcome. Even the naturally confident person knows fear. The difference is what you do about it. Difficult if not impossible to launch your own business without confidence. You must believe in yourself, your idea or business plan, and in your ability to make it happen. This belief must be so strong in you that you can overcome the inevitable hardship you didn’t plan to experience. Must be balanced. Over confidence can harm you and others. Cross the line too far and you’ll come down hard. So the first battle is to get confident. The next battle is to temper that confidence with a healthy dose of realism. How to get confident. Where does it come from? You don’t gain confidence from participation trophies. You gain confidence through actual achievement. Some is innate. Natural abilities Acquired Knowledge Learned skills Repetitive application of knowledge and skills to reach the “reflex point.” You no longer have to think about this thing you are doing, you just do it. Professional athletes. Skilled artists Public speakers Business leaders Repetition creates Reflex leads to increasing confidence. Confidence feeds repetition and even greater skill level Overcoming Fear Faith Encouragement from others. WaterBoy: “You Can Do It!”, How to NOT get over-confident. How is it tempered? The DANGER of success. Over-confidence, over estimating one’s ability, over reaching. The Waterboy says “You Can Do It” but life sometimes says “You Can’t Do That!” Young children often seem confident without being overly self-aware. Life has a way of beating us down and sucking the confidence out of us. Realistic Self Appraisal. A Man’s gotta know his limitations, Dirty Harry Going Trophyless. Not winning it all Failure: Not winning AT all. The Balancing Point Confidence coming from experience. Cautious courage in taking on something new. Prepare Mitigate Risks Dip a Toe in. Periodic Self-Review Be honest with yourself Give someone else permission Seek the company of superiors. Accept their input, trust their processes. You don’t need to know why something works at first. Just follow the example of the person for whom it is working. Lend a helping hand to others behind you but on their way up. Embrace the occasional setback, conflict, and difficulty. As we climb the mountain we call life, it’s the bumps that give us a hand hold and then become a foothold, thus enabling our ascent. Motivational Thoughts for the day Success is not final, failure is not fatal: it is the courage to continue that counts. – Winston Churchill Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: Questions@flippingamericaradio.com Tell us where you’re from! Alyssa, Milwaukee, WI, “I’m speaking with a lady who wants to sell her home to me. She’s in her 60’s and wants to move to a Senior living center. She has lived in the house for the past 35 years. She is a bit of a hoarder with piles of books and magazines in every room in the house. It’s hard to really know if there is any serious damage, but the house seems structurally sound. It needs some serious updating. I don’t know how to price this and I don’t know how to approach her with an offer. Houses are selling in the neighborhood for 400. There’s a new neighborhood going in across the street with similar sized homes going in the 600’s. My seller wants a fair price and I want to give it to her but neither of us have a clue what that would be. Oh and if it matters I’m planning to flip the house. Brandon, Kalispell, MT, “I was in Las Vegas last week visiting friends and they told me about your show and that you had mentioned our little town more than once. So I checked it out and you give a lot of really good information. But how on earth did you hear of Kalispell?” Connie, Portland, ME, “When it comes to paint, do you specify a particular brand? There are so many - are they all about the same? And why would there be large differences in quality anyway? Isn’t paint paint?” Hector, Jacksonville, FL “Can you connect me with a lender who will loan on rental properties -- I have a lead on several here from $50,000 to $125,000 in price.? Questions@flippingamericaradio.com Tell us where you’re from!
FAR 153 Expected Air Date: 05/17/18 Opening What has life handed you? Is it really that easy to make lemonade when life is a bowl of sour cherries? Today I’m going to share with you an essay I’ve written on the subject of Choices. Our lives and even our eternal fates are completely dictated by choices. I would say more but I’ll save it for when we get to the topic. Thanks for joining us today. On this show we try to give you the most complete and up-to-date information about real estate, real estate marketing, and real estate investing. We bring you the news, the trends, the styles, the markets, and the demographics to help you have an edge. We don’t encourage to drop what you are doing and start flipping houses like you see on TV but we do encourage everyone to have real estate as a part of a balanced investment portfolio. On this show we have documented at least 85 ways to make money in real estate, but they all boil down to 3 broad categories. 1. Active purchase and re-sell, 2. Buy and hold for cash flow. And 3. Passive strategies including lending, partnerships and REITs. We can help you tailor an investment strategy around your personal goals, needs, and life situation. And we do this for free. All you need to do is go to the website, flippingamericanetwork.com and click on the big blue button that says “Click here for a strategy session”. How to Reach us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: Lunch with me every Wednesday. Yesterday was the last day at Baraonda for awhile. We have opened up offices in Sandy Springs and moved our studio. So we will be doing our lunch networking at a place closer to the new offices and studio. Stay tuned for the exact location. Flipping America App is in the app store. You can listen to the show, read the show notes, and soon the entire catalog of shows will be available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm. News! http://www.cbc.ca/news/canada/british-columbia/greater-vancouver-s-luxury-real-estate-market-is-softening-report-shows-1.4656221 https://www.forbes.com/forbes/welcome/?toURL=https://www.forbes.com/sites/forbesrealestatecouncil/2018/05/10/how-do-you-find-money-for-real-estate-investing/&refURL=https://news.google.com/&referrer=https://news.google.com/ http://www.heraldtribune.com/news/20180509/florida-real-estate-market-healthy-but-challenged https://www.cnbc.com/video/2018/05/10/tax-reform-effects-beginning-to-positively-affect-real-estate-investors-says-ceo.html https://www.forbes.com/sites/elyrazin/2018/05/09/good-jobs-numbers-signal-extended-economic-recovery-and-these-real-estate-segments-could-benefit/#52b6a9a86ee8 https://www.forbes.com/sites/forbesrealestatecouncil/2018/05/09/is-your-401k-jeopardizing-your-future-invest-in-real-estate-to-quadruple-your-returns/#5b561f8974cd https://www.forbes.com/sites/forbesrealestatecouncil/2018/05/14/identify-your-niche-to-usher-in-real-estate-investing-success/#1e08e1ce3b89 https://www.forbes.com/sites/forbesrealestatecouncil/2018/05/15/seven-steps-to-protect-yourself-from-private-real-estate-investing-mistakes/#625c50ea14cd https://www.forbes.com/sites/panosmourdoukoutas/2018/05/14/bitcoin-gold-stocks-bonds-or-real-estate-which-is-the-best-investment-to-build-wealth/#2b6dbf9f51ae Topic: Choices In life there are laws and then there are implicit rules. For example, gravity is a law - and it will happen whether you believe it or not. Retaliation is an implicit rule. We naturally think that it is the only option we have. On the basketball court one player pushes another. The other pushes back harder. The first player throws a punch. Other players jump in, punches thrown, benches clear and the brawl is on. But retaliation is NOT a law. Not one of the participants HAD to jump in. Those that did, made a conscious decision to do so. Wait, what? We often respond so quickly it just seems automatic. You lash out at me, I lash back. You cut me off in traffic, I’m obliged to show you the results of your last IQ test. We respond without thinking, so how are we supposed to control that? I submit that you react that way because you’ve already done your thinking. And somewhere along the way you’ve concluded that retaliation is your only choice. Not only are you wrong, you are living your life under the control of anyone who might press your pre-determined trigger. Has anyone ever deeply wronged you? They made you angry right? You were angry and there was nothing you could do - the decision was completely out of your hands. So you had no choice but to be angry for like - a day or two - or a week - or five minutes. How long were you angry? Well that depended on the severity of the injustice right? Or whether something else distracted you? Or something nice happened that changed your mood? So what will it be? Angry for 5 minutes, a week, or the rest of your life? The extent of your anger is the full extent of that person’s power over you. Okay okay, what about something like sadness? Have you ever lost someone you love to death due to unexpected circumstances? There can be a sadness that grips your life and profoundly impacts the way you live the rest of your days. Unavoidable right? No one plans on bad things happening in their lives, but we somehow instinctively accept that when these things happen, our lives are controlled by them. This may come as a surprise to you but this is not true. You are not a victim of your circumstances or even other people’s choices. You always have a choice about how to respond to whatever life hands you. Now I’m not saying it’s easy, especially if you are not used to living this way, but you DO have a choice and what you choose matters. What you choose to think, to act, or to react, is the sole determiner of the outcomes of your life. Life is 100% choices. In today’s world, your mother even had a choice about whether to bring you into this world. Here’s a challenging thought for you. From about age 15 onward, your life is increasingly the direct result of the choices you have made and are making. Someone right now is saying, “but Roger you don’t understand my circumstances.” That’s probably true but it doesn’t matter. Your current circumstances exist largely because of your choices and your way out, around, over of through those circumstances will come from the choices you make going forward. Yes you have circumstances, I have circumstances. We ALL have circumstances. But whether you remain “under the circumstances” is a personal decision. You can choose not to be under them. You can choose something else. If your life is filled with drama, it’s because you choose and even embrace drama. If your life is a struggle, it’s because you choose and embrace struggle. If your life is peace, it’s because you have chosen peace. If life for you is filled with complexity, it is due to the fact that you have added complexity to the simple process of breathing. Can it really be that simple? Nah - unless you think it can be. If you think it has to be tough, it will be. If you think you need to be sad, you will be. If you think you are content with wherever you are and whatever you have, you will be. This is true whether your choices are positive or negative. This fundamental reality doesn’t rise to the level of self-fulfilling prophecy. Deciding you will respond to injustice with rational thought rather than out-of-control anger is a choice that is manifested immediately by rational thought. If you choose to focus on the things that anger you, you will be angry. If you choose to focus on the things for which you are grateful, you will be grateful. Should you somehow try to condition your brain to ignore everything negative in your life? Quite the opposite. You can’t do that and you really shouldn’t. Some of the negative things coming your way are warnings. Don’t ignore the negatives, don’t ignore injustice, don’t ignore your feelings. Embrace these inputs into your life with a determination to respond to them with intentionality. Occasionally anger is the proper response. But this is best delivered through the filter of reason and self-control. Sadness and loss are givens in this life. Embrace this as a part of life. Feel the feelings deeply within you. Recognize the inevitability of loss and focus on the sadness as a teacher, allowing catharsis, and showing the contrasting value of the moments of joy. Choices have consequences. Small or large, every decision has consequences. They aren’t always easy to predict, but most are much easier than we think. Choose to live beyond your means and you’ll always be broke and financially stressed. Choose to spend your time with others who wreck their own lives with bad decisions and you will find yourself entangled in the wreckage. Spend time with people you admire and you’ll be more like them. Seek out people who are smarter, or who have the type of life you seek and you’ll find yourself on that path. It’s up to you. Don’t tell me “but I love him/her.” This too is a choice. Love is not some cosmic force that overpowers you. You tend to love based on previous choices you’ve made about your ideal companion. I do believe in love at first sight, but even that love is determined by standards, conditions, and desires that both parties had established beforehand. I tell my wife frequently that I’ve been in love with her since my teen years although I didn’t meet here until after I was 50 years old. I can say this because I had an image of my ideal life partner. It took awhile to find her. Your current circumstances are the direct result of the choices you have made up to today. Your future will be the direct result of the choices you are about to make. So choose wisely. Motivational Thoughts for the day If your ship doesn’t come in, swim out to meet it. Jonathan Winters Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: Questions@flippingamericaradio.com Tell us where you’re from! Candace from Kennesaw, GA, from lunch yesterday, “We are looking to get started, should we focus on wholesaling or fixing and flipping?” Hector, Topeka, KS “Please tell us when you’ll be holding your next FlipStarter. Are you coming to middle America anytime soon?” Emma from Austin, TX “I’m about to buy my first rental. I’m following the exact process suggested by a local guru here in Austin. I’m buying the property for $149,000. I’m prepared to make a $30,000 down payment. The loan amount would be $120,000. My principle and interest payment is $638. The rent on the house is $1000/month. This seems like it works to me but (mega-bank) won’t approve the loan. I have a 750 credit score, and good income. But they cited two reasons: Debt to income ratio: insufficient income. Debt service coverage ratio is insufficient. What the heck is debt service coverage ratio? I looked it up but don’t understand what I’m reading and why didn’t the guru talk about this? When I asked the banker she told me she just processed the loan and didn’t make the decision, but it has something to do with a 30% expense factor. None of this makes sense to me. DSCR = NOI / debt costs. 8400 / 7656 = 1.09 Francine, Long Beach CA, “If you were buying rental properties anywhere in the US, it probably wouldn’t be CA. Where would it be?”
FAR 152 Expected Air Date: 05/14/18 Opening Guest EMCEE Mike Smith “Live from Atlanta, Georgia, it’s Flipping America!” Hey everybody, how’s it going? We are happy to be back with a live group for Flipping Atlanta, the local meetup chapter for Flipping America. We have a great show lined up for you today. As you know we try to bring you the most up-to-date news and information, demographics and trends, methods and investment ideas to help you make the best possible decision in your real estate investments. We don’t encourage everyone to drop what you’re doing and start flipping houses like you see on TV, but we do encourage everyone to have real estate as a part of a balanced investment portfolio. Part of what we do here at Flipping America is feature top investors from around the country, talk about what they are doing, learn from their approaches, their lessons, be entertained by their stories, and benefit from their experience. Tonight we have one of my good friends Malhar Bhagat. Malhar has been running a successful real estate company for over 10 years and has completed over 200 deals in that time. Living in NY, investing locally and out of state, Malhar has integrated various systems learned over the years to develop properties in multiple US markets. Success in real estate has allowed him to accomplish many life goals, both professionally and personally. He has learned that as in life, real estate presents daily challenges; how one moves through them is what the game’s all about: mindset. Following his business and passion, Malhar and his wife/partner moved to Atlanta to continue to rapidly expand their operation, M2REST. Currently, Malhar and his team simultaneously run multiple renovations and new construction projects. He’s going to join us right after the first break. How to Reach us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: My upcoming speaking engagements: Savannah REIA, May 14, 7-9, savannahreia.com. Lunch with me every Wednesday at Baraonda. Monday - the Flipping America App debuts in the Apple Store. Already in the Android Store. News! http://www.cbc.ca/news/canada/british-columbia/greater-vancouver-s-luxury-real-estate-market-is-softening-report-shows-1.4656221 http://www.cbc.ca/news/canada/british-columbia/greater-vancouver-s-luxury-real-estate-market-is-softening-report-shows-1.4656221 https://www.forbes.com/forbes/welcome/?toURL=https://www.forbes.com/sites/forbesrealestatecouncil/2018/05/10/how-do-you-find-money-for-real-estate-investing/&refURL=https://news.google.com/&referrer=https://news.google.com/ http://www.heraldtribune.com/news/20180509/florida-real-estate-market-healthy-but-challenged http://www.heraldtribune.com/news/20180509/florida-real-estate-market-healthy-but-challenged https://www.cnbc.com/video/2018/05/10/tax-reform-effects-beginning-to-positively-affect-real-estate-investors-says-ceo.html https://www.forbes.com/sites/elyrazin/2018/05/09/good-jobs-numbers-signal-extended-economic-recovery-and-these-real-estate-segments-could-benefit/#52b6a9a86ee8 https://www.forbes.com/sites/forbesrealestatecouncil/2018/05/09/is-your-401k-jeopardizing-your-future-invest-in-real-estate-to-quadruple-your-returns/#5b561f8974cd https://www.kiplinger.com/article/investing/T044-C000-S002-5-ways-to-earn-4-to-9-from-real-estate-investment.html Guest: Malhar Bhagat Motivational Thoughts for the day If your ship doesn’t come in, swim out to meet it. Jonathan Winters Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: Questions@flippingamericaradio.com Tell us where you’re from! Francine, Waukesha, WI, “How can you tell the condition of a roof while standing on the ground? Can you give me any other guidance about pricing out a roof?” Patty, Buffalo, NY, “Thanks for the show. We don’t get you on the radio here, but love the podcast on iHeart. Question: Would you start with fixing and flipping or rentals? Oh, and how do you know where the people are from when they send in emails?” Marcus, Colorado Springs, CO “I have questions about the AirBnB strategy. I didn’t really know there was a strategy. Can you talk about this?” Allen, Lancaster, PA, “I’m brand new, just found your youtube channel and website and then saw you are on the air here in Lancaster. So cool! I’m really new, but fired up. What should I do to get started?” Corey, San Bernadino, CA “I’m having a hard time getting started. The properties I want to buy are all 400-500k and although the numbers look fine, the costs of the hard money loans are enormous. One lender told me I would need to bring 78 thousand to closing. How do I overcome this? I have about $50k available for this. Alex, Jacksonville, FL. “I hear all the talk about no money down deals. Is that a real thing or just a come on for some program or course. Can I really buy a house with no money down and none of my own money?”
FAR 148 Expected Air Date: 05/03/18 Opening This week was the foreclosure auction here in Georgia which means we were busy analyzing properties right up to the last minute before 10 am Tuesday when the auctions began at every courthouse across the state. We get quite a few questions about how to buy foreclosed properties so that will be one of our topics later on. We appreciate all the questions you are sending - some of them are very good questions. If you have questions about anything real estate related, send them to questions@flippingamericanetwork.com. We answer every question that comes in. And some of them get answered on the air, as you will hear in a few minutes. Our next Three Day training camp is coming up May 9-11 and it’s not too late for you to join us. However, since our program is invitation-only, you have to jump through a couple of hoops in order to receive that invitation. Hey it’s not like getting into law school or anything but we just need to talk. You can schedule a call with me by going to your web browser and typing this in exactly: bit.ly/TalktoRoger When you do that you’ll have access to my scheduler and you can pick a time. Then you will be given instructions for accessing a conference call you’ll need to dial into at the appointed time. It doesn’t matter to me where you are. I look forward to helping you in any way that I can. How to Reach us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: My upcoming speaking engagements: Savannah REIA, May 14, 7-9, savannahreia.com. I’m off the road for a couple of weeks while we plan for our next Mentoring Training here in Atlanta May 9-11. Lunch with me every Wednesday at Baraonda. Monday - the Flipping America App debuts in the Apple Store. Already in the Android Store. News! https://www.realtor.com/news/celebrity-real-estate/christie-brinkley-relists-hamptons-homes/?link=TD_realtor_articles.82338&utm_source=realtor_articles.82338&utm_campaign=circular&utm_medium=MOVE https://www.realtor.com/news/trends/top-housing-markets-of-2018/ https://www.cnbc.com/video/2018/04/25/sales-are-going-to-be-down-this-year-but-it-wont-be-because-of-mortgage-rates-says-redfin-ceo.html https://www.barrons.com/articles/2018s-hottest-housing-markets-1520016414 https://www.barrons.com/articles/2018s-hottest-housing-markets-1520016414 https://www.inman.com/2018/04/30/wheres-the-best-place-to-be-a-real-estate-agent/ https://www.forbes.com/sites/forbesrealestatecouncil/2018/05/02/juggling-real-estate-investments-and-a-full-time-job/#493575fd18f3 https://thenextweb.com/cryptocurrency/2018/05/02/this-blockchain-powered-platform-wants-to-bring-transparency-to-the-real-estate-market/ Motivational Thoughts for the day It does not matter how slowly you go as long as you do not stop. Confucius Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: Questions@flippingamericaradio.com Tell us where you’re from! Warren, Augusta, GA “Can you talk a bit about the foreclosure process and how a person can buy houses at the public auction?” Anna, Columbus, GA “Help! I bought a house at the foreclosure auction. The people are apparently still living there. What do I do?” Matthew, Blue Ridge, GA “I don’t see how you could buy a house that you’ve never been inside. How do you come up with a repair budget. You don’t know what you’re getting in there - I don’t see how anyone ever takes this risk. Since you have in the past, can you shed some insight?” Carolyn, Atlanta, “I have a hard time with the foreclosure process. It seems like you are profiting from someone else’s pain. You seem like a nice man, but this is a cold-hearted way to make money. How do you live with yourself?”
FAR 146 Expected Air Date: 04/26/18 Opening Hello everyone. It’s a beautiful spring Thursday here at our studios on Peachtree St in Atlanta, GA. We’re going to talk real estate investing for the next 60 minutes, but we are going to approach it from a slightly different angle. Over the last few shows we’ve been talking about a Place to Begin, Hitting Your Stride, and The Next Steps. Today we will continue with some thoughts about Purpose. What drives you today? And I’m not talking about that driverless car you may be in. And I’m not asking you what drives you nuts! I’m asking you to think a bit about your motivation in life. We will dig into that in a few minutes. I also have a stack of questions to answer, including a ton of questions about our Mentoring Program. Our next Three Day training camp is coming up May 9-11 and it’s not too late for you to join us. However, since our program is invitation-only, you have to jump through a couple of hoops in order to receive that invitation. Hey it’s not like getting into law school or anything but we just need to talk. You can schedule a call with me by going to your web browser and typing this in exactly: bit.ly/TalktoRoger When you do that you’ll have access to my scheduler and you can pick a time. Then you will be given instructions for accessing a conference call you’ll need to dial into at the appointed time. It doesn’t matter to me where you are. I look forward to helping you in any way that I can. VIP lunches at FlipStarter - Lunch with me every Wednesday at Baraonda. How to Reach us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: My upcoming speaking engagements: I’m off the road for a couple of weeks while we plan for our next Mentoring Training here in Atlanta May 9-11. Monday - the Flipping America App debuts in the Apple Store. Already in the Android Store. News! https://www.bloomberg.com/news/articles/2018-04-25/ford-ceo-plans-11-5-billion-more-cuts-pulls-ahead-margin-goal https://www.bustle.com/p/dark-chocolate-reduces-stress-in-humans-according-to-a-new-study-8895145 https://www.newsday.com/business/long-island-home-prices-1.18259160 http://www.jhnewsandguide.com/jackson_hole_daily/local/real-estate-market-shows-signs-of-improvement/article_5e2c0ad0-c249-580f-8e0f-afccd58c270e.html http://flatheadbeacon.com/2018/04/25/real-estate-market-trends/ https://www.usatoday.com/story/money/columnist/2018/04/24/real-estate-best-investment-bear-market/530470002/ http://boisestatepublicradio.org/post/state-idaho-real-estate#stream/0 Topic - Understanding Your Why Why are you doing all this? Ask the question. Keep Asking until you get to an emotional level. Drill down to the core of your motivation. Why? Because this brings Focus Determination Clarity A sense of purpose will guide your business plan, your short term goals, and even your daily schedule. If you are constantly aware of your underlying motivations and life goals, they will inform many of your difficult decisions with guidance. Motivational Thoughts for the day “Never Give Up, Never Surrender”. -Jason Nesbitt, Captain, Galaxy Quest. Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: Questions@flippingamericaradio.com Tell us where you’re from! Carl, Oconomowoc, WI, “Do you still use other people’s money in your own flips? If so, why? Wouldn’t it be better to just use your own cash at this point?” Cindy, Westchester, PA, “I heard you talking about the advantage of leverage in real estate deals. How do you reconcile this with Dave Ramsay’s teaching that we should never borrow money - ever - especially for real estate investments?” Chastity, Birmingham, AL “How do you calculate the cost of a hard money loan?” Scott, Lancaster, PA “Have you ever been in a multiple bid situation when buying? Is this a time to break the 70% rule?” Joe, Fredericksburg, VA “My wife and I are a bit at odds with a rehab we are doing and wonder if you could help. We agree with the idea of a ‘wow’ factor in the house, but she has ideas for the kitchen, the master bathroom, and the deck in the back yard. My argument is this is basically a first-time home buyers house and we should focus on just one of these. We want to make it great but we also want to make as much money as we can. We both would appreciate your thoughts.
FAR 145 Expected Air Date: 04/23/18 Opening Hello everyone. What a great day we had Saturday at FlipStarter Atlanta! It was my honor to share some of my best secrets for Fixing and Flipping Houses to the group there and welcome new members into the Flipping America Mentoring Program. If you couldn’t make it we missed you and I want you to know that later today I’m going to put up a link on our home page that will give you the opportunity to buy the FlipStarter workshop on video. So head over to FlippingAmericaNetwork.com and check it out. Speaking of the Mentoring Program, our next Three Day training camp is coming up May 9-11 and it’s not too late for you to join us. However, since our program is invitation-only, you have to jump through a couple of hoops in order to receive that invitation. Hey it’s not like getting into law school or anything but we just need to talk. You can schedule a call with me by going to your web browser and typing this in exactly: bit.ly/TalktoRoger When you do that you’ll have access to my scheduler and you can pick a time. Then you will be given instructions for accessing a conference call you’ll need to dial into at the appointed time. It doesn’t matter to me where you are. I look forward to helping you in any way that I can. VIP lunches at FlipStarter - Lunch with me every Wednesday at Baraonda. How to Reach us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: My upcoming speaking engagements: Tonight I’m at Atlanta REIA West at 6:30, Cherokee Cattle Company in Marietta. . Details on the website and at FlipStarterEvent.com News! https://seekingalpha.com/article/4163689-real-estate-earnings-preview-5-trends-watching?page=6 http://middlemarketgrowth.org/its-the-small-things-real-estate-trends/ http://fortune.com/2018/04/21/climate-change-is-already-depressing-the-price-of-flood-prone-real-estate/ https://www.forbes.com/sites/forbesrealestatecouncil/2018/04/19/evaluate-this-factor-to-find-the-true-winners-among-todays-hottest-real-estate-markets/#64f5f2a36731 https://www.forbes.com/sites/ellenparis/2018/04/23/springs-2018-real-estate-market-is-a-good-news-bad-news-story/#6b738a1b2c35 Topic - The Next Level - Passive Income We started last show talking about Hitting Your Stride. Today I want to talk about what you do when you are operating Active Income business at peak efficiency and are throwing off excess cash. You will want to consult your tax professional and if you don’t have one, it’s time to get one. What we are talking about today is creating Passive Income and heading toward true financial freedom. You are not necessarily free when you are making really good -- or even great money in your business. Because when you stop operating that business - even to take a week or two vacation, your pipeline feels the effect and depending on your product cycle - in this business 4-6 months -- your income is going to take a hit. If you need this money to pay your bills and maintain your lifestyle, then you will feel the pinch and suffer. No you have financial freedom when your passive income pays the bills and your lifestyle can continue whether you are working or not. When you reach this point you may conclude that you no longer need disability insurance, although you may want to continue coverage for long-term illness or injury -- this would be a question for your insurance professional and made in consideration of your health and lifestyle. Motorcycle riding may indicate a higher need for various health care additives. So how will we get to financial freedom? Let’s consider a couple of approaches that I will have time only to outline, but these are topics we cover in much more depth in our Passive Income Mastery course. Free and Clear Single Family rentals. Flip 3 or 4, buy one. Buy small, brick or low maint. Exterior. Consider area, stability, upside. Try to buy where there are good schools. Locate near you for better management. Educate yourself on how to manage or outsource. After you have 10, consider outsourcing management anyway. The only truly cash-flowing single family rentals are free and clear. Borrow money for SFR Know the loan constant. Cost of payments (1 year) / loan amount. Know your expense ratio and calculate NOI. The spread is your cash flow. Most people fail at this. Either paid too much or poorly structured debt - the property never actually cash flows. It could be OK if you have plenty of cash to cover AND you are speculating on greater than market appreciation. Buy small multi-family. Up to 5 doors Finance like SFR Cash flow better, typically. Higher turnover anyway, so upside matters a bit less. Usually single or newly married, no kids. Schools not much of an issue. Convenience to employer is more important. Solid employment opportunities Stable or growing population. Buy apartments Distressed props, force appreciation, re-fi. Use syndication to do A. Loan Money Flip loans Rate and Term Equity Partnerships Rental loans Long term Steady income Watch your loan to value - keep it below 70%. Borrower pays for appraisal when needed. Borrower provides proof of insurances, pays taxes, etc. and provides proof. An entire section of our Passive Income Mastery Course. Motivational Thoughts for the day “Never Give Up, Never Surrender”. -Jason Nesbitt, Captain, Galaxy Quest. Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: Questions@flippingamericaradio.com Tell us where you’re from! Carl, Oconomowoc, WI, “Do you still use other people’s money in your own flips? If so, why? Wouldn’t it be better to just use your own cash at this point?” Cindy, Westchester, PA, “I heard you talking about the advantage of leverage in real estate deals. How do you reconcile this with Dave Ramsay’s teaching that we should never borrow money - ever - especially for real estate investments?”
FAR 143 Expected Air Date: 04/16/18 Opening Good morning everyone and welcome to another week of real estate investing news, trends, markets, movers and shakers. Today we are going to focus on one of the top questions we get here at Flipping America. In a few moments I’m going to break down the things you need to consider to figure out your best “fit” in real estate investing. How to Reach us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: My upcoming speaking engagements: April 21, FlipStarter Atlanta Details on the website and at FlipStarterEvent.com News! http://www.orlandosentinel.com/news/os-real-estate-developer-sentenced-20180411-story.html http://www.futurecar.com/article-2147-1.html https://seekingalpha.com/article/4163105-join-buying-8-percent-yielding-commercial-real-estate-company https://www.digitaltrends.com/home/zillow-to-buy-homes/ https://www.forbes.com/sites/forbesrealestatecouncil/2018/04/10/a-tale-of-two-real-estate-markets/2/#57acb805600d Topic - A Place To Begin We say nearly every show, “We don’t encourage everyone to drop what you are doing and start flipping houses like they do on TV, but we do encourage everyone to consider real estate as a part of a balanced investment portfolio.” But the TV shows continue to create waves of people interested in figuring out a way to quit their job and do this full-time. So people need a path into this. Since that’s what you need - I’ll be happy to provide. The first thing I need you to understand is this business is not all fun, games, and big checks. Some days there are nothing but problems. To be truly good at this is to be good at solving problems. You also need to commit yourself to the tedious tasks. Deals don’t just fall into your lap. You have to get out there and continually prospect for them. While you’re out there, deals will occasionally fall your way, but as Ben Franklin said, “Opportunity tends to dance with those who are already on the dance floor.” So let’s begin by taking inventory. This inventory consists of the following general categories: Thoughts about the future, Vision, Goals, Plans Current employment situation, Happy? Future? Career? Family situation and obligations, Married? SO? Kids? In the future? Available time. Number of hours you can consistently give this each week. Cash on hand. Dollars you could put into a deal that you could afford to lose. Skills. Construction, negotiation, analytical, research, legal, real estate Personality type, introvert, extrovert Connections, people with needed skills (see 6) Information. How much do you know? Learning style: How do you learn? Reading? Audio? Hands-on? Seven different styles. Know yours. Be intentional about getting training in a style that works for you. Training source Mentor Path Motivational Thoughts for the day Life is 10% what happens to you and 90% how you respond to it. -Chuck Swindoll. Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: Questions@flippingamericaradio.com Tell us where you’re from! James, Lexington, KY “Quick question: Stage? Or not?” Robert, Morgantown, WV “I’ve flipped a few houses here and it went ok. I heard you talk about remote flipping. Should I be looking into that?” Eduardo, Las Vegas, NV “I’ve just been told that my contract, which ends June 30th will not be renewed. I’m an independent IT contractor. I’ve been interested in real estate for some time now. If I jumped in now, could I conceivably be making money by the end of the summer? I’m single and have enough put aside to maintain my lifestyle for a few months but will need income by the end of the summer to maintain a comfort level.”
FAR 142 Expected Air Date: 04/14/18 Opening Hello everyone. Today we are excited to be joined in a few moments by Peter Pasternack, former star of A&E’s Flip This House. Still an active investor in Atlanta, Peter has taken time from his busy schedule to join us this evening at Flipping Atlanta, the local networking group sponsored by Flipping America (crowd yell). Growing up in Connecticut, Peter Pasternack came by his entrepreneurial spirit very early on. Peter’s parents owned and operated a Dunkin’ Donuts location as well as a fast food restaurant in the West Hartford area. From an early age Peter had a knack for numbers as he assisted his father with payroll for both businesses, even processing payroll checks himself starting at age 5 when his parents were away for vacations. Peter’s love of numbers lead him to the University of Georgia where he earned undergraduate and master’s degrees in accounting. Upon graduation he began his career at Price Waterhouse in Atlanta before transitioning to the banking industry where he gained over 20 years of experience. From this He financed over 500 businesses and saw firsthand why some ventures succeed and many fail. In 2005, Peter co-founded Foundations Design, LLC with his best friend and business partner, Brian Trow. The award winning company designs, builds, and renovates residential properties in the Greater Atlanta area. Peter is responsible for the operational and financial aspects of Foundations Design as well as the long term growth of the company. The initial success of Foundations Design and some fortunate timing led to a leading role on one of television’s most recognized real estate investment and home renovation shows, A&E’s Flip This House. On the show, Peter is routinely seen integrating his business savvy with trademark enthusiasm. He has been called upon to offer his knowledge and experience to prospective entrepreneurs and real estate investors through national and local media outlets such as Fox Business Channel, Georgia Society of CPA’s Magazine, and Business World Magazine in addition to various speaking and radio engagements. In 2010, as the real estate economy was struggling to recover, Peter and Brian saw an opportunity to assist others in their local market of Atlanta. Real Estate Connections, a monthly networking event, was created to facilitate a positive atmosphere where real estate professionals and real estate related industries could join forces to network, share ideas and strategies, and ultimately grow their businesses. Over its 7+ year history, Real Estate Connections has continued to grow and influence thousands within the local real estate community to the point that the average attendance is 350-400 people. This is just another example where they have seen market needs and worked to fill the void. On top of two businesses, in 2017 Peter and Brian finally decided the moment was right to harness all they had learned through the years and pass it on to the next generation of real estate investors. Along with Denny Faircloth, The Investor’s Blueprint was formed to educate and inspire seasoned and new investors alike while taking them through the ins and outs of the real estate investing world. It is the perfect format to showcase Peter’s knowledge and infectious attitude for real estate investing and business in general. Peter has worked diligently for his many achievements and believes in passing on the information that has made him so successful. He is excited about sharing his knowledge and skills in making money and believes strongly in the entrepreneurial spirit. How to Reach us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: My upcoming speaking engagements: April 21, FlipStarter Atlanta Details on the website and at FlipStarterEvent.com Special Guest Peter Pasternack. Motivational Thoughts for the day You’re not going to make tomorrow great by spending today dwelling on yesterday. Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: Questions@flippingamericaradio.com Tell us where you’re from! Ronald, Memphis, TN “About 40 minutes west of here in a little town called Forrest City, Arkansas, they are opening up a new textile mill with a big investment from China. I own some rentals here in Memphis and have been thinking maybe I should be looking at some over there. My concern is the new factory is the main source of income for the town. If it closes, the town will struggle again. What are your thoughts?” Annetta, Milwaukee, WI “I’m about to pay cash for my first rental property, a small duplex here. A friend told me I should borrow the money even though I have the cash to pay for it. Something about the power of leverage. He didn’t explain this in a way I could understand. It makes me a little nervous to borrow money for something like this, but I’m open to your thoughts.” Bill, Redondo Beach, CA “It’s tough to find deals right now. What are your best sources for deal flow?” Lena, Harrisburg, PA “The market here is so hot, it seems like I could just stick a sign in the yard and get the house sold without paying commission. I’m wondering why use a Realtor?” James, Lexington, KY “Quick question: Stage? Or not?” Robert, Morgantown, WV “I’ve flipped a few houses here and it went ok. I heard you talk about remote flipping. Should I be looking into that?” Eduardo, Las Vegas, NV “I’ve just been told that my contract, which ends June 30th will not be renewed. I’m an independent IT contractor. I’ve been interested in real estate for some time now. If I jumped in now, could I conceivably be making money by the end of the summer? I’m single and have enough put aside to maintain my lifestyle for a few months but will need income by the end of the summer to maintain a comfort level.”
FAR 141 Expected Air Date: 04/12/18 Opening Hello everyone. If you’re going to be in business, whether it’s the real estate business or any other business you are going to develop relationships with two types of professionals, legal and financial. You need the legal professionals because so much of our work has to do with transactions, contracts, and occasionally the unfortunate choices of others that harm us or take from us. You need the financial professionals - bookkeepers, accountants, and CPAs to help us keep good records, pay all the taxes we owe and provide accountability to our investors and partners. I freely admit quite often that I started into this business without a clue of what I was doing or what goes on behind the scenes in a real estate transaction. At first I was too embarrassed to admit this, so I faked it. Finally I sat down with an attorney and asked him for some help. Today I want to give you some of that help and encourage you to reach out to an attorney in your area. Now you know that Legal Shield is one of our sponsors and I’m not only a big fan, I’m a customer! Legal Shield handles many things for me, but not everything. There are a few things that come up where I need a lawyer and I want it to be someone with whom I have cultivated a personal relationship. Attorneys are required to be present for closings in the state of Georgia and I don’t use Legal Shield for that. It’s not a reflection on Legal Shield at all - they are great at what they do for me. In just a few moments I’m going to be speaking with Craig Halperin, founder and principal partner of the law firm of Halperin and Lyman, one of the premier law firms in Atlanta, Georgia. He’s going to unpack for us a lot of the behind the scenes work attorneys do to get your deals to the closing table. Plus we are going to get his take on the state of the current market. How to Reach us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: My upcoming speaking engagements: April 21, FlipStarter Atlanta Details on the website and at FlipStarterEvent.com Special Guest Craig Halperin Motivational Thoughts for the day You’re not going to make tomorrow great by spending today dwelling on what happened yesterday. Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: Questions@flippingamericaradio.com Tell us where you’re from! Vicky, Ellijay, Georgia “What’s your take on mountain properties? As you know we are a popular second home community for the Atlanta area.” Ulysses, San Francisco, CA “How does your view of the current market inform your investing activities and what are some of the data points in that analysis?”
FAR 139 Expected Air Date: 04/05/18 Opening Hello everyone. We’ve had some truly great guests on the show in the past few weeks and I’ve learned a lot from them and have been inspired by them. But you my dear friends have many questions and many of you communicate with us about how much you enjoy the questions and answers. It’s been awhile since we reached into the metaphorical mail bag and the questions we want to address on the air have been piling up. So in a bit we are going to take a look. We are going to deal with the issue of whether or not you need to be a Realtor in order to be in this business. I’ll do some pros and cons on that subject. We also have received a few questions about getting more deals in your inbox so I’ll be sharing a strategy about that. How to Reach us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: My upcoming speaking engagements: TONIGHT, Chattanooga REIA April 14, FlipStarter Savannah April 21, FlipStarter Atlanta Details on the website and at FlipStarterEvent.com News: https://www.cnbc.com/video/2018/03/28/pending-home-sales-up-3-point-1-percent-in-february.html https://www.forbes.com/sites/forbesrealestatecouncil/2018/04/03/15-booming-real-estate-markets-that-are-trending-in-2018/#1ee0177c26f6 https://www.bisnow.com/national/news/office/5-workplace-trends-breathing-down-the-neck-of-commercial-real-estate-industry-86855 http://www.nreionline.com/real-estate-services/key-new-trends-tech-and-design https://www.usnews.com/news/best-states/slideshows/10-most-affordable-states https://www.cnbc.com/2018/03/29/us-subprime-mortgage-bonds-back-in-fashion.html Motivational Thoughts for the day Is your life and career right where you want it to be? If so, that’s great! If not, what are you going to do differently going forward to change the course of your life? If you do the same things you’ll get the same results. So what are you going to do? Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: Questions@flippingamericaradio.com Tell us where you’re from! Lynette, Milwaukee, WI, “Do I need to be a realtor in order to be an effective investor?Pros: Access to MLS, Set up your own searches, Best data for CMA’s, Save money on commissionsCons: Cannot pay referral fees to unlicensed individuals, disclosure requirements, continuing ed, much knowledge unrelated to investing. Selling your own flips is like fixing your own flips if you’re a contractor. What you save is offset by the time you spend doing things you could and should be paying someone else to do. Kimberly, Sandy Springs, GA “I’ve heard you mention that you have deals coming to your inbox every day. How do you do that?” Lilly, Villages of Ocala, FL, “My husband and I are so tired of our rentals, but we are not tired of the cash flow. We are both in our late 60’s. We’d like to sell them to end the headache but aren’t sure where we would put the monty. Any suggestions? Perhaps not sell - perhaps owner finance? Not an investment advisor, but as a suggstion, you could always looking into private lending. Chanterelle, Long Beach, CA, “I want to buy some rental properties in Atlanta. Can you connect me with resources there for buying and for property management?” Larry, Atlanta, GA “I want everyone to know that the deal I brought you two weeks ago is now sold and closed. You said you would help me get it sold and you did. Thank you.” (The power of networking) Celia, Hammond, IN, “I listened to what you said and went out and made offers on three houses. Two of them got accepted! What do I do now? I don’t have the knowledge or ability to fix and flip them, but I think the numbers are right, according to what I’ve been hearing from you. Please tell me what’s next?” Charlie from Soddy-Daisy Tennessee. “Excited you’re coming to Chattanooga! I plan to be there and meet you. My wife and I used the information in your Three Formulas video to make an offer on a fix and flip. I’m a contractor so I knew what it would cost. She’s a realtor so she could tell the ARV. We used your formula and now we think we are going to make about 35,000. This seems easier than the impression we had and we are so happy we took action.”
FAR 048 Hey if you are looking to get your deal funded I’ve got great news. Whitestone Capital Solutions is offering loans as low as 4 points and 8%. Friends, if you are in the real estate investment business it’s hard to find money any cheaper than this. I know because I’ve looked around. All you have to do is go to www.whitestonecapitalsolutions.com, click “apply now” and fill out the quick and easy form. One of our team members will be in touch with you quickly and get you headed toward closing on that deal. We are loaning in all 50 states. Apply today. News: New Report: the Top 20 Zip Codes in the US for Real Estate Investing 16 Cities where income can’t keep up with housing costs: meaning - don’t invest there. Santa Ana, CA Newark, NJ Bloomington, IN Los Angeles, CA Lynnwood, CA Garden Grove, CA Hialeah, FL Westminster, CA Inglewood, CA El Monte, CA Paterson, NJ Baldwin Park, CA Davis, CA west of Sacramento Hawthorne, CA Miami, FL Passaic, NJ Commercial real estate has been placed on the Feds official “worry list” according to Business Insider online. Investor Uh-OHs: “Sue” bought a house from a wholesaler. The price was 140k. The wholesaler had told her the rehab would be 60k and the ARV is 300k. Sounds great and by our formula she could be all in at 210 and still be doing well. She proceeded to put the property under contract. AFTER closing, the best estimate she could get for the work was 78k. Well, that’s a little over budget, but we will still make money. She got the work done for 81k (found a few extra problems) and listed the property. Her realtor said that the best she would get is 280k. She wanted / needed more so they tried a listing at 285k. They ended up reducing over a month to 275 and eventually accepted 270k. If you’ve been doing the math, she was all in at 221 and selling for 270 so she’s ok right? Let’s see… Commission: $16,200 Taxes: $1,548 Insurance: $750 Cost of funds: $24,375 Total additional costs: $42,873 Selling price: $270,000 Less purchase and rehab: $221,000 $49,000 - additional costs: $42,873 = 6,127 Annualized ROI is 5% - You would be better off putting your cash into an indexed fund. What you just got for your money was a $40,000 course in the Real Estate Investing school of hard knocks. Lessons: DON’T trust a wholesaler’s numbers. DO get a real contractor bid during DD. DO NOT compromise on your 30% margin. DO get your realtors’ opinion of ARV before entering into agreement to purchase DO find a way to contain costs without treating your buyers poorly. Emails: Questions from College Reunion: “How can I tell if my town is a good place to invest in real estate?” -Are people moving there? Population growing? -Employment opportunities (preferably from more than one major employer) -Are there areas of revitalization/renewal? -Look for the rare below market gems in the best parts of town. Bennie from Boston: “I’m thinking about coming to Atlanta for your one day course. What are you going to cover?” Find Fund Fix Flip Create a Plan for your Business Show you the path to a full-time career (if you want that).
FAR 051 Topics: THURSDAY THURSDAY! Hey if you are looking to get your deal funded I’ve got great news. Whitestone Capital Solutions is offering loans as low as 4 points and 8%. Friends, if you are in the real estate investment business it’s hard to find money any cheaper than this. I know because I’ve looked around. All you have to do is go to www.whitestonecapitalsolutions.com, click “apply now” and fill out the quick and easy form. One of our team members will be in touch with you quickly and get you headed toward closing on that deal. We are loaning in all 50 states. Apply today. Two rules you should ALWAYS follow when investing in someone else’s project News: Zillow and Redfin going at it: Zillow says, “Redfin is a threat to organized real estate.” Something I saw for the first time: an owner occupant going to networking meetings to find a property. Story in Bloomberg. Note the headline and sub-head Billionaires in a mobile home park? Emails: Questions@flippingamericaradio.com Tell us where you’re from! Angela from Pittsburgh, “I have some money I want to invest in real estate but I don’t want to flip a house. That seems too complicated. I DO like the whole process though and the profits seem pretty good and I want a better return than I’m seeing with REITs. Is there a way to invest in a project someone else is flipping and make a good return on my money?” Obviously yes. You need to do some research: Know the property and the process. Know the person doing the work. Or BOTH. Get your interest protected. Encumber the title. Keith, from Anaheim, CA, “I want to follow up on the question about investing in someone else’s flip. Tell me more about how it works and what kind of return I could expect. Also, can you provide a sample of the paperwork I would need?” Phil from Long Beach, CA “I’m a new listener. I want to get started flipping houses. I’m thinking about signing up for some training. I went to an event where they wanted more than $30,000 to show me how to do this. I can go to a local group and get the same training for about $500. Or is it the same? I don’t really know what I need -- please help. Erik from Tampa: “What’s the difference between a mortgage and a Deed of Trust? I want to sell a property myself using owner financing and want to make sure I protect myself in the right way.”
FAR 054 Expected Air Date: 8/17/17 Topics: “FlipStarter” is September 23-24. EJ Lashlee, author of the True Trust Book and The Protection Book, Asset protection through Private Asset Trusts. Jennifer Hammonds, Jennifer Hammonds show. Realtor and investor extraordinaire. Jay Conner. America’s private money authority Bruce Mack. Founder of Platinum Finance Banks Brazell, ReBuild Co, Roger Herring, The Investors Accountant Karen Anderson, Digital Marketing and List Consultant Mike Ventry, Advanta IRA, How to use your self-directed IRA to create potentially tax-free income. What you need to know to jump on one of the best business opportunities in America. Trends: Questions@flippingamericaradio.com Tell us where you’re from! Stacy from Atlanta: I use Social Media to showcase our before and after pictures from our flips. SEVERAL people had this response. Bill from Akron: I use mobile apps like Takl and TaskRabbit to find people for smaller jobs in my business. Francine, Lancaster PA. I use videos to show work in progress on my houses, stream to FB, and send a copy to my private money lender. It builds credibility and provides a good update. Donna from Atlanta: Everyone gets a TON of email every day. I send out my wholesale deals via text message. They get read almost every time. Mark from Tallahassee: I use a service that allows me to leave a voice mail on someone’s phone without ever calling them. I use this to remind them of our meetup group, announce when I have a wholesale deal, or anything important like that. News: Headline: “Will the hot Texas real estate markets ever cool off?” Biggest Non News: REIT is about to pay out a dividend of $0.02 per unit. Fastest Growing RE Companies in the Fortune 500 Ethereum Based Crowdfunding REX - the big news of the day Emails: Questions@flippingamericaradio.com Tell us where you’re from! Carl from Sandy Springs, GA “I can’t tell by just looking at a house how much it is going to cost to rehab. And if I don’t know that number I can’t use your formula to make an offer. Please help. I’m stuck.” Bernie from Ocala, FL, “I own 23 rentals free and clear. I’m ready to sell them and I’m willing to owner finance. I want the income. Can you find me a buyer?” Not a realtor, but out of the 2 mil or so who might be listening I imagine we have a few buyers. Contact us here and we will put you in touch. Victor from Colorado Springs, CO “I found you on iHeart radio and love the show. I know I’m asking something that’s been asked before, but I’m looking at an abandoned house that got partially burned about a year ago. I’m wondering how to figure out how much to offer. Melanie from Pittsburgh, PA. “I have been looking for funding for my deals. I found this source online that is offering to set me up with a $4M credit line. I filled out their application and was approved the next day. We are ready to go to a closing, but I am supposed to pay a 1% ‘success fee’. They want that money before they will schedule the closing. That’s $40,000. I don’t really have that much right now. They suggested I borrow it from a friend and repay the friend once I close on the line. This doesn’t feel right. Your thoughts?” Anderson from Hammond, IN “I applied online with a hard money lender. They appear to be reputable and I have some friends who have borrowed money from them, which is how I found them. They are asking me to pay a $500 application fee which they say will cover the cost of the appraisal and opening up a file. I remember you saying to never pay a lender up front, but this seems legit to me. Am I getting ready to make a big mistake?” Anderson named the lender in his email, which we are not going to name here, but we researched them and Anderson, they are a legitimate company. This amount is actually normal and customary.
FAR 057 Expected Air Date: 8/24/17 Topics: Mark your calendar now and plan to attend “FlipStarter” is coming September 23-24. Join my special guests: EJ Lashlee, author of the True Trust Book and The Protection Book, Asset protection through Private Asset Trusts. Jennifer Hammonds, Jennifer Hammonds show. Nationally acclaimed realtor and investor extraordinaire. Jay Conner. America’s private money authority Bruce Mack. Founder of Platinum Finance Banks Brazell, ReBuild Co, a leading home builder and remodeler in the Southeastern US. Roger Herring, Founder of Investors’ Accounting. Karen Anderson, Digital Marketing and List Consultant Mike Ventry, Advanta IRA, How to use your self-directed IRA to create potentially tax-free income. And of course, me, the Flipping America guy, Roger Blankenship. I’ve made my career in real estate investing primarily by doing it rather than talking about it. I’ve flipped hundreds of houses and I’m going to show you how to do it. I have a few techniques no one else uses or teaches, but I’m going to share them with you. Why? Because we are going to tell you how to get started Flipping Houses and building wealth. It’s not just owning a business, it’s owning a wealth generation machine that will not only provide for you, but be a blessing to your children and grandchildren. And that’s not all, when you purchase your ticket for only $97 for this two day event, my good friend Jay Conner is going to invite you to HIS event in October at no additional charge. That’s right, two multi-day real estate training events for one low price. Sign up now at FlipStarterEvent.com. What you need to know to jump on one of the best business opportunities in America. Protecting Your Assets News: Capital sources are shying away from one segment of the real estate market.. (Retail) How are global economic issues affecting RE values in port cities? Coming soon to a listing near you: 3D video walkthroughs. China has introduced a new round of restrictions on capital leaving the country. - prob no effect. The Top Five cities for Chinese Investment in RE: Los Angeles, Miami, NY, San Fran, Boston First sign of the slowing in RE. One major American city had slower sales in July than a year ago - which one? Atlanta! Down 6.3% from a year ago. Watch your local inventory - 3 months supply is an average market. Ashley from Denver, CO: “What would be the signs that the real estate market is beginning to cool off?” Watch Days on Market avg. (less than 30 is sellers’ market) OR Watch absorption rate (above 20% is sellers’ market) OR How many months of supply? (less than 3 months is sellers’ market). You can ask a realtor in your area any one of these questions and you’ll get a pretty good idea. The key is to ask the same realtor the same question 3 months in a row so you can track a trend. Emails: Questions@flippingamericaradio.com Tell us where you’re from! Sean from Boulder, CO: I have some rental properties in Alabama and Georgia. I’ve been told that one of the houses has termites and I need to get it treated. They want $1500 and have some sort of system and seems like a baiting type thing. I am not familiar with it, but I did look it up on the internet. I thought I’d check with someone who may have some experience with this issue before deciding what to do. Jenni from Lancaster PA: Enjoyed listening to Mr. Brazell. Where did you find him and where could I go to find someone like him? Donna from Pittsburgh PA: I bought a rental house in suburban Birmingham. The house is on a septic tank. I’m unfamiliar with this system so I read about it on the internet. Is it true that I need to have someone pump the tank every year? It seems like everyone saying that is also in the pumping business, so I’m suspicious. Interview Guest: EJ Lashlee
FAR 058 Expected Air Date: 8/24/17 Topics: Mark your calendar now and plan to attend “FlipStarter” is coming September 23-24. Join my special guests: EJ Lashlee, author of the True Trust Book and The Protection Book, Asset protection through Private Asset Trusts. Jennifer Hammonds, Jennifer Hammonds show. Nationally acclaimed realtor and investor extraordinaire. Jay Conner. America’s private money authority Bruce Mack. Founder of Platinum Finance Banks Brazell, ReBuild Co, a leading home builder and remodeler in the Southeastern US. Roger Herring, Founder of Investors’ Accounting. Karen Anderson, Digital Marketing and List Consultant Mike Ventry, Advanta IRA, How to use your self-directed IRA to create potentially tax-free income. And of course, me, the Flipping America guy, Roger Blankenship. I’ve made my career in real estate investing primarily by doing it rather than talking about it. I’ve flipped hundreds of houses and I’m going to show you how to do it. I have a few techniques no one else uses or teaches, but I’m going to share them with you. Why? Because we are going to tell you how to get started Flipping Houses and building wealth. It’s not just owning a business, it’s owning a wealth generation machine that will not only provide for you, but be a blessing to your children and grandchildren. And that’s not all, when you purchase your ticket for only $97 for this two day event, my good friend Jay Conner is going to invite you to HIS event in October at no additional charge. That’s right, two multi-day real estate training events for one low price. Sign up now at FlipStarterEvent.com. What you need to know to jump on one of the best business opportunities in America. Protecting Your Assets News: Capital sources are shying away from one segment of the real estate market.. (Retail) How are global economic issues affecting RE values in port cities? Coming soon to a listing near you: 3D video walkthroughs. China has introduced a new round of restrictions on capital leaving the country. - prob no effect. The Top Five cities for Chinese Investment in RE: Los Angeles, Miami, NY, San Fran, Boston First sign of the slowing in RE. One major American city had slower sales in July than a year ago - which one? Atlanta! Down 6.3% from a year ago. Watch your local inventory - 3 months supply is an average market. Ashley from Denver, CO: “What would be the signs that the real estate market is beginning to cool off?” Watch Days on Market avg. (less than 30 is sellers’ market) OR Watch absorption rate (above 20% is sellers’ market) OR How many months of supply? (less than 3 months is sellers’ market). You can ask a realtor in your area any one of these questions and you’ll get a pretty good idea. The key is to ask the same realtor the same question 3 months in a row so you can track a trend. Emails: Questions@flippingamericaradio.com Tell us where you’re from! Sean from Boulder, CO: I have some rental properties in Alabama and Georgia. I’ve been told that one of the houses has termites and I need to get it treated. They want $1500 and have some sort of system and seems like a baiting type thing. I am not familiar with it, but I did look it up on the internet. I thought I’d check with someone who may have some experience with this issue before deciding what to do. Jenni from Lancaster PA: Enjoyed listening to Mr. Brazell. Where did you find him and where could I go to find someone like him? Donna from Pittsburgh PA: I bought a rental house in suburban Birmingham. The house is on a septic tank. I’m unfamiliar with this system so I read about it on the internet. Is it true that I need to have someone pump the tank every year? It seems like everyone saying that is also in the pumping business, so I’m suspicious. Interview Guest: Jay Conner
FAR 060 Expected Air Date: 8/31/17 Topics: Mark your calendar now and plan to attend “FlipStarter” is coming September 30 and October 1. Join my special guests: EJ Lashlee, author of the True Trust Book, The Protection Book, and founder of True Trust Services. He will be speaking about asset protection through Private Asset Trusts. Jennifer Hammonds, Jennifer Hammonds show. Nationally acclaimed realtor and investor extraordinaire. Jay Conner. America’s private money authority Bruce Mack. Founder of Platinum Finance Banks Brazell, ReBuild Co, a leading home builder and remodeler in the Southeastern US. Roger Herring, Founder of Investors’ Accounting. Karen Anderson, Digital Marketing and List Consultant Mike Ventry, Advanta IRA, How to use your self-directed IRA to create potentially tax-free income. And of course, me, the Flipping America guy, Roger Blankenship. I’ve made my career in real estate investing primarily by doing it rather than talking about it. I’ve flipped hundreds of houses and I’m going to show you how to do it. I have a few techniques no one else uses or teaches, but I’m going to share them with you. Why? Because we are going to tell you how to get started Flipping Houses and building wealth. It’s not just owning a business, it’s owning a wealth generation machine that will not only provide for you, but be a blessing to your children and grandchildren. And that’s not all, when you purchase your ticket for only $97 for this two day event, my good friend Jay Conner is going to invite you to HIS event in October at no additional charge. That’s right, two multi-day real estate training events for one low price. Sign up now at FlipStarterEvent.com. Our thoughts are with everyone in Houston and surrounding areas impacted by Hurricane Harvey. You are in our prayers today. News: The Top Ten Places to Retire http://www.marketwatch.com/story/10-of-the-best-places-in-the-world-to-retire-2016-07-23 Top 10 Best places in the World to live: http://www.marketwatch.com/story/no-american-city-makes-the-list-of-the-worlds-top-20-best-places-to-live-2017-03-15 The 20 hottest real estate markets, August 2017. (Check out Grand Rapids, MI) http://www.realtor.com/news/trends/hottest-markets-august-2017/ Ten-X, commercial RE auction site, gets bought by Thomas H. Lee Partners - majority stake for $1B. Emails: Questions@flippingamericaradio.com Tell us where you’re from! William from W. Islip NY. I’m not a realtor, and I’m having trouble figuring out the ARV. Any help you can give would be appreciated. Love your show by the way - found it on iHeart radio. Jason from Huntsville, AL. Could you review the insurance I need for a flip? I bought a house at the foreclosure auction and the people are still living there. I guess they will be there until the redemption period expires. So how do I insure this house? Caroline from Madison, WI. I’m a student at Wisconsin (Go Badgers!). My parents are thinking about buying a house here in Madison and renting out the rooms while letting me have a place to stay. Do you think this is a good idea? If they do it, my dad wants me to ask you for some tips for managing the other renters.
FAR 061 Expected Air Date: 9/2/17 Topics: Mark your calendar now and plan to attend “FlipStarter” is coming September 30 and October 1. Join my special guests: EJ Lashlee, author of the True Trust Book, The Protection Book, and founder of True Trust Services. He will be speaking about asset protection through Private Asset Trusts. Jennifer Hammonds, Jennifer Hammonds show. Nationally acclaimed realtor and investor extraordinaire. Jay Conner. America’s private money authority Bruce Mack. Founder of Platinum Finance Banks Brazell, ReBuild Co, a leading home builder and remodeler in the Southeastern US. Roger Herring, Founder of Investors’ Accounting. Karen Anderson, Digital Marketing and List Consultant Mike Ventry, Advanta IRA, How to use your self-directed IRA to create potentially tax-free income. And of course, me, the Flipping America guy, Roger Blankenship. I’ve made my career in real estate investing primarily by doing it rather than talking about it. I’ve flipped hundreds of houses and I’m going to show you how to do it. I have a few techniques no one else uses or teaches, but I’m going to share them with you. Why? Because we are going to tell you how to get started Flipping Houses and building wealth. It’s not just owning a business, it’s owning a wealth generation machine that will not only provide for you, but be a blessing to your children and grandchildren. And that’s not all, when you purchase your ticket for only $97 for this two day event, my good friend Jay Conner is going to invite you to HIS event in October at no additional charge. That’s right, two multi-day real estate training events for one low price. Sign up now at FlipStarterEvent.com. Our thoughts are with everyone in Houston and surrounding areas impacted by Hurricane Harvey. You are in our prayers today. News: Two more HOT real estate market lists. Different methods - different results; Wallet Hub Frisco, Texas; McKinney Texas; Allen, Texas; Cary, NC; Richardson, Texas; Seattle; Bellevue, Wash.; Carrollton, Texas; Nashville; and Denver Sharestates: Methodology: Loan to ARV%, ROI%, Increase in Demand See article http://www.businessinsider.com/8-hottest-housing-markets-in-america-right-now-2017-8/#4-west-babylon-new-york-5 Miami and Miami Beach among the worst RE markets in the nation. Lessons: Second-home markets fluctuate with the economy. If you learn to read the signs, you can buy low and sell high. The local RE market The regional economy The national economic forecasts. Looking for signs of an economy that will boost the confidence of the “second home” segment. Emails: Questions@flippingamericaradio.com Tell us where you’re from! Caroline from Madison, WI. I’m a student at Wisconsin (Go Badgers!). My parents are thinking about buying a house here in Madison and renting out the rooms while letting me have a place to stay. Do you think this is a good idea? If they do it, my dad wants me to ask you for some tips for managing the other renters. Wade from Pittsburgh PA: Ok, I’ve flipped 4 houses in the past year and made more than I make in my job. I’m ready to quit my job and turn this into a business. What should I do? Bridgette from Boulder CO: I’m looking at a site called auction.com. Are you familiar with it? What is your thinking about auction sites for real estate?
FAR 062 Expected Air Date: 9/4/17 Topics: Mark your calendar now and plan to attend “FlipStarter” is coming September 30 and October 1. Join my special guests: EJ Lashlee, author of the True Trust Book, The Protection Book, and founder of True Trust Services. He will be speaking about asset protection through Private Asset Trusts. Jennifer Hammonds, Jennifer Hammonds show. Nationally acclaimed realtor and investor extraordinaire. Jay Conner. America’s private money authority Bruce Mack. Founder of Platinum Finance Banks Brazell, ReBuild Co, a leading home builder and remodeler in the Southeastern US. Roger Herring, Founder of Investors’ Accounting. Karen Anderson, Digital Marketing and List Consultant Mike Ventry, Advanta IRA, How to use your self-directed IRA to create potentially tax-free income. And of course, me, the Flipping America guy, Roger Blankenship. I’ve made my career in real estate investing primarily by doing it rather than talking about it. I’ve flipped hundreds of houses and I’m going to show you how to do it. I have a few techniques no one else uses or teaches, but I’m going to share them with you. Why? Because we are going to tell you how to get started Flipping Houses and building wealth. It’s not just owning a business, it’s owning a wealth generation machine that will not only provide for you, but be a blessing to your children and grandchildren. And that’s not all, when you purchase your ticket for only $97 for this two day event, my good friend Jay Conner is going to invite you to HIS event in October at no additional charge. That’s right, two multi-day real estate training events for one low price. Sign up now at FlipStarterEvent.com. Our thoughts are with everyone in Houston and surrounding areas impacted by Hurricane Harvey. You are in our prayers today. Trends: Questions@flippingamericaradio.com Tell us where you’re from! How to think strategically about overpriced markets. Consider your exit plan. If you are flipping, just do your thing. Deals may be harder to find, but quicker to sell Do not intentionally do marginal deals. You may have to let the cruel world of reality thin the herd of investor wanna-bes. Learn the art of remote flipping and even remote rentals. If holding, think very carefully about buying in a market where prices are rising faster than income can keep up. Why? You need to be able to charge enough rent to make the property cash flow properly. People need to be able to afford their rent A correction is on the way. It’s inevitable. When people can no longer afford the prices, they will no longer buy. When demand shrinks, prices will come down. You don’t want to buy at the top. Reality: People live near jobs, education, and opportunity. Find communities with a diversified solid base of employment. Put your eggs in multiple baskets. Different asset types? Different locations definitely. News: Houston Under Water Canada Real Estate in Trouble? Canada Real Estate NOT in trouble. Emails: Questions@flippingamericaradio.com Tell us where you’re from! Scott from Macon, GA “My contractor got started a few days ago and put in for his first draw. I went to the house and noticed that he had already painted all the walls, even though there were still some repairs to be made. His crew even painted one wall that will be removed. When I asked him about it, he said this was just a primer coat and it helped them see the repairs that needed to be made. But it was the chosen wall color, not primer. He told me it didn’t matter what I used for primer - just needed two coats. And he billed me on the draw for ½ of the painting. I’m thinking something doesn’t seem right about this…” Deanne from Pittsburgh, PA. “Is there a database of bad contractors somewhere on the internet? I want to keep people from hiring this guy I just fired. He’s a crook."
FAR 063 Expected Air Date: 9/7/17 Emails: Questions@flippingamericaradio.com Tell us where you’re from! Cindy from Gulf Shores AL: “is the ‘no money down’ deal a real thing? I hear it all the time on TV and infomercials. It seems too good to be true.” Fred from Clarksville, IN: “I’m trying to buy a house to live in, but it needs repairs before I move in. Do you know a hard money company that will loan me the money?” William from Savannah, GA: “What do you know about investing in historic houses? I’d like to know your thoughts.” Shay from Seattle, WA: “What are some of the criteria you think about when choosing a remote market. I’m not having any success finding a deal here in Seattle.” Willy from Westchester PA: “I have two possible deals to buy. The better one is about a 30 minute drive further away. Which should I do?” Abby from Pittsburgh, PA: “We bought our first house. Our mortgage broker told us we made enough income to qualify for another house, such as a rental. The extra income seems like a great idea, but we heard your show and thought we would get your thoughts. If we were going to do this, what should we look for?”
FAR 065 Expected Air Date: 9/14/17 Topics: Mark your calendar now and plan to attend “FlipStarter” is coming September 30 and October 1. Join my special guests: EJ Lashlee, author of the True Trust Book, The Protection Book, and founder of True Trust Services. He will be speaking about asset protection through Private Asset Trusts. Jennifer Hammonds, Jennifer Hammonds show. Nationally acclaimed realtor and investor extraordinaire. Jay Conner. America’s private money authority Bruce Mack. Founder of Platinum Finance Banks Brazell, ReBuild Co, a leading home builder and remodeler in the Southeastern US. Roger Herring, Founder of Investors’ Accounting. Karen Anderson, Digital Marketing and List Consultant Mike Ventry, Advanta IRA, How to use your self-directed IRA to create potentially tax-free income. And of course, me, the Flipping America guy, Roger Blankenship. I’ve made my career in real estate investing primarily by doing it rather than talking about it. I’ve flipped hundreds of houses and I’m going to show you how to do it. I have a few techniques no one else uses or teaches, but I’m going to share them with you. Why? Because we are going to tell you how to get started Flipping Houses and building wealth. It’s not just owning a business, it’s owning a wealth generation machine that will not only provide for you, but be a blessing to your children and grandchildren. And that’s not all, when you purchase your ticket for only $97 for this two day event, my good friend Jay Conner is going to invite you to HIS event in October at no additional charge. That’s right, two multi-day real estate training events for one low price. Sign up now at FlipStarterEvent.com. TV Flipping Show MYTHS. And we will bust them, with a little help from my friends. Correlations between Commercial and Residential RE Development Re-Investment New Stores... News: Commercial RE heading toward a correction Declines in NYC commercial investment project to a 2017 with numbers very similar to 2008. Prices have peaked in Commercial. Residential will follow. 8-12 months prices will peak, back up slightly, then proceed at a pace corresponding to inflation. Interest rates will go up in 2018. If you’re going to buy a residence, the best time was 2010. The next best time is today. When the market corrects it may be 5-8% above current levels and it may be only a 3% correction on the whole. Emails: Questions@flippingamericaradio.com Tell us where you’re from! Steve, Macon GA: Roger can we get you to come to our Investors Club here in Macon? We are only 90 miles away. Reggie, Chattanooga, TN: Chattanooga is a small city, but an interesting place to live. How are the investing decisions different in a small city from a large city? All Real Estate is local, Local Codes, Rules, or Laws Local knowledge of neighborhoods, shifts, renewal, gentrification, etc. Principles are generally true everywhere. Be all in at no more than 70% of ARV. Perhaps more opportunity to visit properties? May have to be open to a broader spectrum of possibilities. Brian, Wilmington, DE. I heard about the show from a friend of a friend. Listening to you on iHeart radio. Because of some new legislation, we are expecting to see an influx of professional jobs - lawyers actually - and I’m thinking about investing in some Executive - type rentals - higher end. Do you have any experience with that? It’s short term Higher quality of tenant, usually Typically less damage to a larger home. Quick turnovers. Buy it with flip margins in mind Consider an airBnB strategy. Gerald, Milwaukee WI. It seems like I don’t want to be trying to sell a house over the holidays, I don’t want to shut down my business, but I also don’t want to pay interest on inventory just sitting there through the winter. What are your thoughts? Sell all year long, just know the cycle. Lowest months are January and February Holiday staging!
FAR 067 Expected Air Date: 9/17/17 News: Partners REIT announces distribution of $0.02083 per unit. 2 cents per unit. So my 1000 units would make me $20! There are 45,731,683 Units outstanding. Thus the payout is $952,591. Billboard for Offerpad. We will buy your home. Sounds great. Another version of “if I can’t sell your home I’ll buy it for cash.” Offers appear to be 12% below current value, when all fees are factored in. Article CNBC. Flipping on the decline as prices increase. 5.6% 2nd quarter, 6.9% 1st quarter. According to NAR, 5M existing homes sold in the US in 2016. 300,000 sold by investors or house flippers. (6%) Avg price, 240,000. RE Investors sold $72B in 2016. Not a trifling amount. Scams: Corey, from West Allis, WI “When is it OK to give my contractor money up front. All of the contractors I speak with want half the money before they will begin the work. What should I be doing to protect myself?” Scam is where someone gets your money for nothing (or very little effort). Pre-payment for loan Pre-payment for remodeling Emails: Questions@flippingamericaradio.com Tell us where you’re from! Freddie, from Cleveland, GA: I’m looking at buying a manufactured home as a rental. It’s only $3,000 and I can get $350/month for it. It’s in rentable condition now and it’s on a lot that comes with the purchase price. What else should I be considering? I’ll take it! What’s the value of the land? Consider selling under an installment land contract. Damon, from Akron, OH: “What is the most I should pay for my first flip?” Andy, from Snellville, GA: “I cracked up when I heard your answer to the lady from Rhode Island asking if she could get all the information about flipping houses for free on the internet. Would you spend a little more time going over all those topics again? It sounds pretty complex.”
FAR 068 Expected Air Date: 9/21/17 Emails: Questions@flippingamericaradio.com Tell us where you’re from! Randall from Huntsville, AL: I’m new to investing and would like to hear all the options available to me for funding my first deal. Chastity is from Providence, RI: We are about to buy a small house up in Lincoln and it looks like a pretty good deal. While doing our diligence we have discovered that this house and every house on the street are in a Historic District. It’s just an ordinary looking 1300 sf 3/1 built in the 1940’s. Please help us with anything you can about buying a home in a designated “historic” area. Alison from Waco, TX: Please talk more about where to find house deals. I know you talk about wholesalers, but I don’t know where to find them. Robert from Indianapolis, IN: I have money and want to loan to a local investor who is flipping a property. How do I protect myself?
FAR 069 Expected Air Date: 9/25/17 Topics: Mark your calendar now and plan to attend “FlipStarter” is coming October 21 and 22. . Join my special guests: EJ Lashlee, author of the True Trust Book, The Protection Book, and founder of True Trust Services. He will be speaking about asset protection through Private Asset Trusts. Jennifer Hammond, Host of The Jennifer Hammond show on Sirius/XM Radio The Urban View. Nationally acclaimed realtor and investor extraordinaire. Jay Conner. America’s private money authority Bruce Mack. Founder of Platinum Finance Banks Brazell, ReBuild Co, a leading home builder and remodeler in the Southeastern US. Roger Herring, Founder of Investors Accounting. Karen Anderson, Digital Marketing and List Consultant Mike Ventry, Advanta IRA, How to use your self-directed IRA to create potentially tax-free income. And of course, me, the Flipping America guy, Roger Blankenship. I’ve made my career in real estate investing by doing it rather than talking about it. I’ve flipped hundreds of houses and I’m going to show you how to do it. I have a few techniques no one else uses or teaches, but I’m going to share them with you. Why? Because we are going to tell you how to get started Flipping Houses and building wealth. It’s not just owning a business, it’s owning a wealth generation machine that will not only provide for you, but be a blessing to your children and grandchildren. And that’s not all, when you purchase your ticket for only $97 for this two day event, my good friend Jay Conner is going to invite you to HIS event in October at no additional charge. That’s right, two multi-day real estate training events for one low price. Sign up now at FlipStarterEvent.com. The FIRST 20 people who sign up for FlipStarter can save 20% off the admission cost by using the coupon code HOT20. I flipped 75 houses before I finally decided to go to a seminar about flipping houses. I wanted to improve my techniques. Over the years I’ve attended many training events and I can confidently tell you that FlipStarter is unlike any real estate investor training out there. See for yourself at FlipStarterEvent.com. Emails: Questions@flippingamericaradio.com Tell us where you’re from! Julio from Brighton, CO: “I hear you say you want to be “all-in” at 70% but I’m not sure what you mean by that. Would you mind going over that?” Alison from Waco, TX: Please talk more about where to find house deals. I know you talk about wholesalers, but I don’t know where to find them. Teddy from Long Beach, CA. I’ve flipped four houses in the past 18 months. I want to quit my job to focus on this full time. How do I know when it’s the right time to quit? Replacing salary - MORE than Cash reserves - 1 year of salary Consider the cost of benefits Study the systems and processes you will need to scale up. Increased volume = increased overhead - staff. Stan from Lincoln, NE, “I know you have to get a certain percentage of stupid questions. How do you deal with those?” Brittany from Chattanooga, TN, “I’m looking at an older home in the Highland Park area. I noticed that the house still has a fuse box. Am I going to need to upgrade the electrical and if so, what will it cost?” Howard from Bridgeport, CT “I can’t make it to Atlanta for your FlipStarter event. Are you going to record it? Will it then be available in some format?”
FAR 071 Expected Air Date: 10/2/17 Topics: Like us on Facebook. Join us every Tuesday at 2 for free interactive real estate coaching. The FIRST 20 people who sign up for FlipStarter can save 20% off the admission cost by using the coupon code HOT20. I flipped 75 houses before I finally decided to go to a seminar about flipping houses. I wanted to improve my techniques. Over the years I’ve attended many training events and I can confidently tell you that FlipStarter is unlike any real estate investor training out there. See for yourself at FlipStarterEvent.com. Emails: Questions@flippingamericaradio.com Tell us where you’re from! Jake, from Bristol, VA “How is big city investing different from small town investing? How are they the same?” Andrew from Jackson, MS “What are the top three things to consider in buying a rental house? Consider buying small multi-family instead Actual cash flow Potential long-term upside Keep it small. Buy a low maintenance home Lisa, Roswell, GA “I’m a realtor, but not really an investor -- yet. As I search the MLS for possibilities, what should I be looking for?” Shawn, Paoli, PA, “I got an offer accepted on a bank-owned house. But now I can’t find anyone who will loan me the money to get it and fix it. I have perfect credit, but no prior experience. Any suggestions? Wholesale Mentor - split profits Tom, Arvada, CO, “I found a HM lender to do a deal, but now I’m four days from closing and they sent me the settlement statement. I have to come to closing with close to $50,000! I don’t have it. And I don’t know what to do.” Interview Guest: Karen Anderson, Direct Marketing Consultant.
FAR 072 Expected Air Date: 10/05/17 Topics: Mark your calendar now and plan to attend “FlipStarter” is coming October 20 and 21. . Join my special guests: EJ Lashlee, author of the True Trust Book, The Protection Book, and founder of True Trust Services. He will be speaking about asset protection through Private Asset Trusts. Jennifer Hammond, Host of The Jennifer Hammond show on Sirius/XM Radio The Urban View. Nationally acclaimed realtor and investor extraordinaire. Jay Conner. America’s private money authority Bruce Mack. Founder of Platinum Finance Pat Dornan, developer of the “Ultimate Rehab Estimator” and author of “Expect the Unexpected.” Roger Herring, Founder of Investors Accounting. Karen Anderson, Direct Marketing and List Consultant Mike Ventry, Advanta IRA, How to use your self-directed IRA to create potentially tax-free income. And of course, me, the Flipping America guy, Roger Blankenship. I’ve made my career in real estate investing by doing it rather than talking about it. I’ve flipped hundreds of houses and I’m going to show you how to do it. I have a few techniques no one else uses or teaches, but I’m going to share them with you. Why? Because we are going to tell you how to get started Flipping Houses and building wealth. It’s not just owning a business, it’s owning a wealth generation machine that will not only provide for you, but be a blessing to your children and grandchildren. And that’s not all, when you purchase your ticket for only $97 for this two day event, my good friend Jay Conner is going to invite you to HIS event in October at no additional charge. That’s right, two multi-day real estate training events for one low price. Sign up now at FlipStarterEvent.com. The FIRST 20 people who sign up for FlipStarter can save 20% off the admission cost by using the coupon code HOT20. I flipped 75 houses before I finally decided to go to a seminar about flipping houses. I wanted to improve my techniques. Over the years I’ve attended many training events and I can confidently tell you that FlipStarter is unlike any real estate investor training out there. See for yourself at FlipStarterEvent.com. Emails: Questions@flippingamericaradio.com Tell us where you’re from! Jake, from Bristol, VA “How is big city investing different from small town investing? How are they the same?” Lisa, Roswell, GA “I’m a realtor, but not really an investor -- yet. As I search the MLS for possibilities, what should I be looking for?” Shawn, Paoli, PA, “I got an offer accepted on a bank-owned house. But now I can’t find anyone who will loan me the money to get it and fix it. I have perfect credit, but no prior experience. Any suggestions? Wholesale Mentor - split profits Tom, Arvada, CO, “I found a HM lender to do a deal, but now I’m four days from closing and they sent me the settlement statement. I have to come to closing with close to $50,000! I don’t have it. And I don’t know what to do.”
FAR 074 Expected Air Date: 10/12/17 Topics: Mark your calendar now and plan to attend “FlipStarter” is coming October 20 and 21. . Join my special guests: EJ Lashlee, author of the True Trust Book, The Protection Book, and founder of True Trust Services. He will be speaking about asset protection through Private Asset Trusts. Jennifer Hammond, Host of The Jennifer Hammond show on Sirius/XM Radio The Urban View. Nationally acclaimed realtor and investor extraordinaire. Jay Conner. America’s private money authority Bruce Mack. Founder of Platinum Finance Pat Dornan, developer of the “Ultimate Rehab Estimator” and author of “Expect the Unexpected.” Roger Herring, Founder of Investors Accounting. Karen Anderson, Direct Marketing and List Consultant Mike Ventry, Advanta IRA, How to use your self-directed IRA to create potentially tax-free income. And of course, me, the Flipping America guy, Roger Blankenship. I’ve made my career in real estate investing by doing it rather than talking about it. I’ve flipped hundreds of houses and I’m going to show you how to do it. I have a few techniques no one else uses or teaches, but I’m going to share them with you. Why? Because we are going to tell you how to get started Flipping Houses and building wealth. It’s not just owning a business, it’s owning a wealth generation machine that will not only provide for you, but be a blessing to your children and grandchildren. And that’s not all, when you purchase your ticket for only $97 for this two day event, my good friend Jay Conner is going to invite you to HIS event in October at no additional charge. That’s right, two multi-day real estate training events for one low price. Sign up now at FlipStarterEvent.com. The FIRST 20 people who sign up for FlipStarter can save 20% off the admission cost by using the coupon code HOT20. I flipped 75 houses before I finally decided to go to a seminar about flipping houses. I wanted to improve my techniques. Over the years I’ve attended many training events and I can confidently tell you that FlipStarter is unlike any real estate investor training out there. See for yourself at FlipStarterEvent.com. Trends: Questions@flippingamericaradio.com Tell us where you’re from! 5 Bathroom trends to avoid! And we are not just talking about laying off the late night pizza... News: 73, 77, 45. Harvey, Irma, Marie $175B, $200B, $75B Cali wildfires: Could be up to 65B. 21 already dead. 11,000 homes at significant risk, 9.1 million homes at some level of risk. Emails: Questions@flippingamericaradio.com Tell us where you’re from! Lorraine from Traverse City, MI “You’re talking a lot about fix and flips this month and I understand - what with your event coming up. But what about those of us who want to buy rental properties. Will you be doing programs about that? David from Columbus OH, “I’m retired - don’t want to flip houses, but I love your show. I want to be a private funder for your or some of your students. How would I get started?” Andy from Tryon, NC “I have a business currently, but would be interested in flipping houses as a side hustle. Is that possible and how should I go about it?” Keith, Powder Springs, GA “I have $50,000 to invest. Not enough to buy a house, but enough to do something, right? What are my options?” Frankie from Jonesboro, GA “I went to a 3 day event from ________ _______ and got some good information. It was $197 and I was impressed. I wanted to sign up for their main course until I found out it was close to $35,000. I’m not doing that. Where I live I can buy houses for $35,000. I think I’d rather buy a house than pay that much to learn how to buy houses. So anyway - tell us plainly - are you going to upsell us to a $35,000 course too?” In a word, no, but let’s think about it... If you could make 35k per month after paying that, what would the deal look like then? Compare to a franchise… $500k to make $50k per year?? How about switching that around? But I’m not going to try to sell you something for $500k. I left 200k on the table, so my education might have cost me that. I’m not charging that. I’m not charging $50,000. The real problem is a course doesn’t really teach you how to do this. You need a coach -- a mentor. The Flipping America Mentoring Program. Our program begins with a surprisingly small commitment, with an agreement that your coach is going to get paid a little bit when you make money. Your first four deals for sure. More if you need it. Topics: The Secret to Flipping Houses in your Spare Time. Systems Persistence Consistency Discipline Discernment What you need to know to flip: So what do you need to know to really fix and flip houses? How to find deals 10 sources Foreclosure auction an entirely different set of risks and knowledge base. Deal Marketing Direct mail Landing page Answering the phone Screening calls Making offers How to know if it IS a deal Diff between profit margin and profit Diff between gross profit and net Calculating profit Estimating repairs Determining ARV How to buy it. Negotiating Creating solutions Maximizing profits Structure Purchase Cash Equity Partner? Hard Money Private money Owner Finance Installment contract Lease Option Lease Purchase Subject-To Wrap around Financing How to flip it Wholesale? Assignable contract Double closings Fix it Structural knowledge The parts of a structure Recognizing what needs to be repaired or replaced Design decisions Choosing colors Styles Accessories Contractor vetting and approval Where to find em How to check them out How to interview them Contract law and development Contractor Supervision Payment process Draw schedules Lien waivers Sell it Marketing approach Using a realtor How to find How to vet How to interview Whom to hire Manage the relationship Listing and pricing strategies Gathering feedback Managing objections Price reduction strategy Negotiating with buyers Negotiating AFTER its under contract Running Your Business Setting up properly Keeping proper records Creating business systems Tax strategies and planning Protecting your assets Proper Insurance for all assets Managing tenants Know the laws Prepare for court! Handling service requests Leases! What goes in them What can’t be in them Who’s on the lease? That’s the TIP. The iceberg is what is underneath all that. It’s a lot. But what do you get in return? The real possibility of a six figure income in a couple of years. The opportunity to build lasting wealth to pass on to your children and grandchildren Freedom - work when you want, however long you want, quit when you want or when you can each day. The opportunity to live life on your own terms. Don’t “make a living.” LIVE. Do that “higher meaning” thing.
FAR 075 Expected Air Date: 10/14/17 Topics: Mark your calendar now and plan to attend “FlipStarter” is coming October 20 and 21. . Join my special guests: EJ Lashlee, author of the True Trust Book, The Protection Book, and founder of True Trust Services. He will be speaking about asset protection through Private Asset Trusts. Jennifer Hammond, Host of The Jennifer Hammond show on Sirius/XM Radio The Urban View. Nationally acclaimed realtor and investor extraordinaire. Jay Conner. America’s private money authority Bruce Mack. Founder of Platinum Finance Pat Dornan, developer of the “Ultimate Rehab Estimator” and author of “Expect the Unexpected.” Roger Herring, Founder of Investors Accounting. Karen Anderson, Direct Marketing and List Consultant Mike Ventry, Advanta IRA, How to use your self-directed IRA to create potentially tax-free income. And of course, me, the Flipping America guy, Roger Blankenship. I’ve made my career in real estate investing by doing it rather than talking about it. I’ve flipped hundreds of houses and I’m going to show you how to do it. I have a few techniques no one else uses or teaches, but I’m going to share them with you. Why? Because we are going to tell you how to get started Flipping Houses and building wealth. It’s not just owning a business, it’s owning a wealth generation machine that will not only provide for you, but be a blessing to your children and grandchildren. And that’s not all, when you purchase your ticket for only $97 for this two day event, my good friend Jay Conner is going to invite you to HIS event in October at no additional charge. That’s right, two multi-day real estate training events for one low price. Sign up now at FlipStarterEvent.com. The FIRST 20 people who sign up for FlipStarter can save 20% off the admission cost by using the coupon code HOT20. I flipped 75 houses before I finally decided to go to a seminar about flipping houses. I wanted to improve my techniques. Over the years I’ve attended many training events and I can confidently tell you that FlipStarter is unlike any real estate investor training out there. See for yourself at FlipStarterEvent.com. Trends: Questions@flippingamericaradio.com Tell us where you’re from! 5 Bathroom trends to avoid! And we are not just talking about laying off the late night pizza... News: Looks like Nibiru won’t hit us tomorrow. Although since it is supposedly invisible, wait until the Monday show to know for sure. While we are talking about invisible planets, spend some time this weekend reading up on and searching for Planet Nine. Ten times larger than earth. It’s existence explains a lot of weird stuff going on out there past Neptune, but so far no one has ever seen this planet. Market update - interest rates. Mortgage risk index is down. Artificial Intelligence and real estate. Home searches influenced by your online behavior. Warehouse space is hot again! Thanks to e-commerce. “Surge” in REIT shares - and the retail space is surprising. Yields still a bit less than 5%. Detroit is #10 is the nation for market heat, but the scammer know this. Sameer Beydoun - 24 months in federal pen for an elaborate real estate scam. British backers. Irish lottery winner invested in 600 detroit homes in and lost them due to unpaid taxes. Belgium investors were victims in a different scam. Know the person, or Know the property, or Have the means and the discipline to verify everything. Emails: Questions@flippingamericaradio.com Tell us where you’re from! Cheryl from Winston Salem, NC, “I’m so excited! I just got a house under contract! using your formula it looks like I’ll make about 40,000. My brother-in-law is going to do the work in exchange for a share of the profit. There are several things I want to do to the house that he says are unnecessary, like granite countertops in the kitchen, and certain flooring choices. Our arguments about this are beginning to dampen my enthusiasm. Please help me decide!” Gary from Long Beach, CA. “Ok, so what’s the first step I need to take in RE investing?” Sophia from Lancaster, PA. “I really want to start flipping houses and I’m ready to go, but I don’t know the first step or steps. What are the first 2 or 3 things I need to do? Justin, from Denver, CO “I can’t be at your event in October, but I NEED this. When will you be in Denver?” Charlotte, Tampa, and others… Keep listening -- we are working on a solution for you. Topics: Where do I begin? Line up the money Find a deal Get a mentor What you need to know to flip: So what do you need to know to really fix and flip houses? How to find deals 10 sources Foreclosure auction an entirely different set of risks and knowledge base. Deal Marketing Direct mail Landing page Answering the phone Screening calls Making offers How to know if it IS a deal Diff between profit margin and profit Diff between gross profit and net Calculating profit Estimating repairs Determining ARV How to buy it. Negotiating Creating solutions Maximizing profits Structure Purchase Cash Equity Partner? Hard Money Private money Owner Finance Installment contract Lease Option Lease Purchase Subject-To Wrap around Financing How to flip it Wholesale? Assignable contract Double closings Fix it Structural knowledge The parts of a structure Recognizing what needs to be repaired or replaced Design decisions Choosing colors Styles Accessories Contractor vetting and approval Where to find em How to check them out How to interview them Contract law and development Contractor Supervision Payment process Draw schedules Lien waivers Sell it Marketing approach Using a realtor How to find How to vet How to interview Whom to hire Manage the relationship Listing and pricing strategies Gathering feedback Managing objections Price reduction strategy Negotiating with buyers Negotiating AFTER its under contract Running Your Business Setting up properly Keeping proper records Creating business systems Tax strategies and planning Protecting your assets Proper Insurance for all assets Managing tenants Know the laws Prepare for court! Handling service requests Leases! What goes in them What can’t be in them Who’s on the lease? That’s the TIP. The iceberg is what is underneath all that. It’s a lot. But what do you get in return? The real possibility of a six figure income in a couple of years. The opportunity to build lasting wealth to pass on to your children and grandchildren Freedom - work when you want, however long you want, quit when you want or when you can each day. The opportunity to live life on your own terms. Don’t “make a living.” LIVE. Do that “higher meaning” thing.
FAR 076 Expected Air Date: 10/16/17 Topics: Mark your calendar now and plan to attend “FlipStarter” is coming October 20 and 21. . Join my special guests: EJ Lashlee, author of the True Trust Book, The Protection Book, and founder of True Trust Services. He will be speaking about asset protection through Private Asset Trusts. Jennifer Hammond, Host of The Jennifer Hammond show on Sirius/XM Radio The Urban View. Nationally acclaimed realtor and investor extraordinaire. Jay Conner. America’s private money authority Bruce Mack. Founder of Platinum Finance Pat Dornan, developer of the “Ultimate Rehab Estimator” and author of “Expect the Unexpected.” Roger Herring, Founder of Investors Accounting. Karen Anderson, Direct Marketing and List Consultant Mike Ventry, Advanta IRA, How to use your self-directed IRA to create potentially tax-free income. And of course, me, the Flipping America guy, Roger Blankenship. I’ve made my career in real estate investing by doing it rather than talking about it. I’ve flipped hundreds of houses and I’m going to show you how to do it. I have a few techniques no one else uses or teaches, but I’m going to share them with you. Why? Because we are going to tell you how to get started Flipping Houses and building wealth. It’s not just owning a business, it’s owning a wealth generation machine that will not only provide for you, but be a blessing to your children and grandchildren. And that’s not all, when you purchase your ticket for only $97 for this two day event, my good friend Jay Conner is going to invite you to HIS event in October at no additional charge. That’s right, two multi-day real estate training events for one low price. Sign up now at FlipStarterEvent.com. The FIRST 20 people who sign up for FlipStarter can save 20% off the admission cost by using the coupon code HOT20. I flipped 75 houses before I finally decided to go to a seminar about flipping houses. I wanted to improve my techniques. Over the years I’ve attended many training events and I can confidently tell you that FlipStarter is unlike any real estate investor training out there. See for yourself at FlipStarterEvent.com Trends: Questions@flippingamericaradio.com Tell us where you’re from! 5 Bathroom trends to avoid! And we are not just talking about laying off the late night pizza... News: Inflation surprisingly low. Int up in Dec https://www.bloomberg.com/news/articles/2017-10-15/yellen-says-fed-to-raise-rates-gradually-as-inflation-picks-up Best rental mkts for sfr https://www.cnbc.com/2017/10/13/want-to-be-a-landlord-these-are-the-top-markets-for-investing-in-rental-homes.html Emails: Questions@flippingamericaradio.com Tell us where you’re from! Doug, Fresno, CA, “i can’t come there… call.. Jill, Baltimore, MD “I am making offers on the MLS but cannot win any deals. What am I doing wrong?” Brent from Providence, RI, “How do you handle winter renovations? I’m about to buy a fixer upper, but wonder how I will get it done over the winter. We estimate it will take 2 months to complete and it will be turning cooler soon.” Do the outside now and whenever the weather allows. Get the heat on in the house. Allow extra time in your projections for bad weather delays. Daily costs ROI Timetable projections - cash flow Jenae, from Denver, CO, “I sent out a mailing last week and the phone has rung a few times and I scheduled my first appointment. I’m excited but SO nervous about meeting the seller. What can I do to be less nervous?” Consider your Personal safety Prepare, prepare. Everything you can know about the house About the seller, their problem, their motivation level... About the situation - loan balance, payment, etc. Your formulas - know what you can pay. Rehab worksheet in hand. Tape measure, pen or pencil, clipboard, flashlight, camera (phone is usually good enough) Topics: Negotiating TOP TIPS Preparation Body Language Presentation Close What you need to know to flip: So what do you need to know to really fix and flip houses? How to find deals 10 sources Foreclosure auction an entirely different set of risks and knowledge base. Deal Marketing Direct mail Landing page Answering the phone Screening calls Making offers How to know if it IS a deal Diff between profit margin and profit Diff between gross profit and net Calculating profit Estimating repairs Determining ARV How to buy it. Negotiating Creating solutions Maximizing profits Structure Purchase Cash Equity Partner? Hard Money Private money Owner Finance Installment contract Lease Option Lease Purchase Subject-To Wrap around Financing How to flip it Wholesale? Assignable contract Double closings Fix it Structural knowledge The parts of a structure Recognizing what needs to be repaired or replaced Design decisions Choosing colors Styles Accessories Contractor vetting and approval Where to find em How to check them out How to interview them Contract law and development Contractor Supervision Payment process Draw schedules Lien waivers Sell it Marketing approach Using a realtor How to find How to vet How to interview Whom to hire Manage the relationship Listing and pricing strategies Gathering feedback Managing objections Price reduction strategy Negotiating with buyers Negotiating AFTER its under contract Running Your Business Setting up properly Keeping proper records Creating business systems Tax strategies and planning Protecting your assets Proper Insurance for all assets Managing tenants Know the laws Prepare for court! Handling service requests Leases! What goes in them What can’t be in them Who’s on the lease? That’s the TIP. The iceberg is what is underneath all that. It’s a lot. But what do you get in return? The real possibility of a six figure income in a couple of years. The opportunity to build lasting wealth to pass on to your children and grandchildren Freedom - work when you want, however long you want, quit when you want or when you can each day. The opportunity to live life on your own terms. Don’t “make a living.” LIVE. Do that “higher meaning” thing.
FAR 079 Expected Air Date: 10/24/17 Trends: Questions@flippingamericaradio.com Tell us where you’re from! News: Utah real estate investor gets 7 years. https://www.ksl.com/?sid=46184689&nid=148 Hurricane Irma hurts home resales: http://www.mysuncoast.com/news/local/hurricane-irma-hurts-local-real-estate-market/article_68b86c96-b768-11e7-ab3e-a34030ed6dc1.html Real Estate Fracking? http://www.globest.com/sites/irem/2017/10/23/how-real-estate-fracking-is-leaving-its-mark/?slreturn=20170923072825 Your Brain can hurt you. https://www.bisnow.com/london/news/economy/why-your-brain-makes-you-get-real-estate-investing-wrong-80598 Emails: Questions@flippingamericaradio.com Tell us where you’re from! Lauren, Ft. Worth, TX, “I couldn’t make it to your event, but I’m interested in your mentoring program. Do you have any options for me?” https://calendly.com/rogerblankenship/30minconsult Anyone else can email us and we will send a link. Lyndsey, Chattanooga, TN, “I couldn’t come to FlipStarter, but I want into your mentoring program. Is it too late?” Next 3-day mentoring course, Dec 1-3. Schedule a call with us. David, Caribou, Maine, “We are in a small town - I just don’t see fixing and flipping as a way of making a living here. Rentals maybe. Do you offer guidance on that as well?” Yes. Stay tuned. Peter, Milwaukee, WI, “Will you eventually be providing your training in other places or is it just in Atlanta.” Topics: House Flipping Myths Questions@flippingamericaradio.com Tell us where you’re from!
FAR 082 Expected Air Date: 10/30/17 Trends: Questions@flippingamericaradio.com Tell us where you’re from! Like us on Facebook. www.facebook.com/flippingamericamedia Check in with us every Tuesday for “Tuesdays at Two” Follow us on Twitter @FlippingAmerica IF WE READ YOUR QUESTION ON THE AIR, WE WILL SEND YOU A TICKET TO OUR NEXT FLIPSTARTER EVENT. THAT’S A $97 VALUE! News: When to drop your selling price in today’s market. https://www.cnbc.com/2017/10/27/how-to-know-when-to-drop-the-asking-price-on-your-home.html A solution for vacant retail space! I predicted it… http://www.sun-sentinel.com/local/broward/sunrise/fl-sb-apartments-shopping-center-sunrise-20171027-story.html Ten Trends for 2018 https://www.curbed.com/2017/10/26/16554900/real-estate-trends-housing-affordability-urban-development The slow-down is starting. https://www.msn.com/en-us/money/realestate/stuck-in-place-u-s-homeowners-hunker-down-rather-than-move/ar-AAubp7w?ocid=ob-tw-enus-634 Investor Uh-OHs: Send in your uh-oh. Help us all learn and grow. Randy, from Sylva, NC. “I bought a house and did a nice job (so I thought) fixing it up. I peeked into the crawl space but never went under there. It was tight and I’m a big guy. When we sold it, the home inspector told us there was standing water in the crawl space that had led to some minor wood rot and could lead to other problems in the future. The water was due to the grading of the lot. The only thing to do was repair the damaged wood and install a sump pump to deal with future water issues. The $1800 that cost came right out of the bottom line. We would have bought the house and done the deal anyway, but it was disappointing to have to spend that money.” LESSON: If you’re not going under or on top of the house, hire a home inspector when you buy it. Emails: Questions@flippingamericaradio.com Tell us where you’re from! Randall, Mountain Brook (Birmingham), AL “I enjoy the show but I don’t want to fix and flip. I have some money and want to invest passively in RE. What do you recommend?” Carmen, Littleton, CO. “I have switched my 401k to a Roth IRA and want to invest in Real Estate. I don’t want to do the work, I want to be the bank. I only have 200k to put into this. Where do I begin?” Laura, Atlanta, GA “What can I do to put 120k to work from my Roth IRA?” Rachel, Chattanooga, TN, “I have a 401k and it’s doing ok, but I think I could make more money in real estate. Tell me how to switch it to a ROTH IRA.” Topics: Passive Income in Real Estate I DON’T RECOMMEND. But here are some things you might want to consider. REIT Shares in publicly traded RE company Crowd Funding Individual house flippers Hard Money Lender Flipping America Private Lending Program.
FAR 084 Expected Air Date: 11/04/17 Trends: Questions@flippingamericaradio.com Tell us where you’re from! Like us on Facebook. www.facebook.com/flippingamericamedia Check in with us every Tuesday for “Tuesdays at Two” Follow us on Twitter @FlippingAmerica IF WE READ YOUR QUESTION ON THE AIR, WE WILL SEND YOU A TICKET TO OUR NEXT FLIPSTARTER EVENT. THAT’S A $97 VALUE! News: 15 signs you’re addicted to HGTV https://www.cheatsheet.com/culture/15-signs-that-prove-youre-addicted-to-hgtv.html/?a=viewall Rebuilding after Sandy https://www.nytimes.com/2017/10/29/nyregion/hurricane-sandy-5-years-rebuilding.html Where are the Gen Xers moving? https://www.msn.com/en-us/money/realestate/the-states-generation-xers-are-leaving-and-moving-to/ss-AAtigJy?ocid=ob-tw-enus-634#image=1 Big Cities where rents are plunging - and mid-cities where rents are rising. http://www.businessinsider.com/biggest-us-cities-where-rents-are-plunging-2017-11 Cities on the Bubble. https://wolfstreet.com/2017/10/31/the-us-cities-with-the-biggest-housing-bubbles-3/ Zillow case is dismissed. Reaction from experts: https://www.forbes.com/sites/forbesrealestatecouncil/2017/11/02/how-is-the-real-estate-market-reacting-to-zillows-zestimates-lawsuit-dismissal/#318559a617eb Emails: Questions@flippingamericaradio.com Tell us where you’re from! Denise, Macon, GA, “I’m loaning an investor for a flip property from my self-directed IRA. What interest rate should I ask for?” Maxine, Ocala, FL “What’s the difference between a Promissory Note and a Security Deed?” Eduardo, Ft. Worth, TX “Where do I go to find private money lenders?” Warm Leads Cold Leads James, Ooltewah, TN “An investor buddy of mine has approached me with a proposal to provide gap funding for one of his deals. This will help with the down-payment and interest payments and make me a part of the project. What should I ask in return?” Chris, Pittsburgh, PA “You mentioned Equity Split recently and I was wondering what it means exactly. I think it’s a way to fund a deal. Does this mean you split the profits? And if so, what is the percentage?”
FAR 140 Expected Air Date: 04/09/18 Opening Hello everyone. Today I’m going to answer a question that has come to us hundreds of times from dozens of sources and seems like a recurring topic at every event where I speak. And the question is, “How can I start flipping some houses and buying rentals in my spare time while I keep my job.” Now I know we’ve dealt with this topic before but it’s been awhile and we are adding new listeners all the time and besides, some information is so needed, it’s worth repeating. So in just a few minutes I’m going to deal with this topic and help you understand the big picture of what you need to make this happen. I started in this business while maintaining a demanding full-time job and continued that way for four years. I only switched to real estate investing full time because due to life circumstances that other job had come to an end. The other question or comment I often get is a variation of this: If you are helping people enter this business aren’t you creating your own competitors and reducing the opportunity for everyone you train? I’m going to answer that question first right after the break. The bottom line is there are more opportunities than there are investors and this isn’t changing anytime soon. To paraphrase a famous quote about planting trees, “the best time to get into this business was 20 years ago. The next best time is today.” How to Reach us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: My upcoming speaking engagements: April 21, FlipStarter Atlanta Details on the website and at FlipStarterEvent.com News: http://lenkiefer.com/2017/09/17/housing-vacancy-trends/ https://www.investopedia.com/articles/personal-finance/031616/10-us-cities-most-vacant-homes.asp https://www.forbes.com/sites/forbesrealestatecouncil/2018/04/03/15-booming-real-estate-markets-that-are-trending-in-2018/#2c66f9026f63 Topic: The Competition I believe in free enterprise, capitalism, private property rights, the rule of law, and limited government interference. I realize for a system like this to actually work, the general populace must not only agree about the rule of law but must also find common ground in agreeing about right and wrong. I also believe in Cooperative Capitalism. I do not believe that opportunity is a zero-sum game but rather that wealth can be created. There are those that believe that for anyone to prosper someone else must suffer. For anyone to win, someone else must lose. Games or competitions have one winner and all the rest are not winners. You might even quote a stupid Will Farrell movie by saying “Second Place is actually First Loser.” Although much can be learned in these competitive events, and we should relish competition for a number of reasons, it is possible for life itself to present multiple “winners.” Perhaps if you are keeping score in terms of quantifiable numbers such as “most money” there will be someone who finishes on top. But when it comes to money, once you reach a certain level, there’s almost no point in making more - there aren’t too many more ways you can spend it. My point is this: You don’t have to make the most money in order to be a winner at life. If you make enough to take care of your family, meet your goals, maybe even have some luxuries, some toys, or some extras, you’re a winner. I’m absolutely convinced that it’s possible for me to help you achieve your dreams without taking anything away from me. I can show you how to become effective as a real estate investor and in fact, you may ultimately be better at it than me. Does that take anything away from me? Not at all. One of my stated goals each year is to help people. If I am able to help someone, that goal is met and is self-rewarding. But let’s move away from the philosophical and talk specifics for a moment. Is it possible I could give you the skills that would put me out of business? Let’s go to the numbers. Last year 5 million homes were sold in the US and about 7% of them were flips from investors. That’s roughly 350,000. Is there room for that number to possibly increase? Well -- let’s take a look at the vacant home inventory. The number of vacant homes in the US has held fairly steady in the past five years at between 15 and 18 million. I have a study from lenkiefer.com that looks into the reasons for these vacancies. When I look through the report, it appears that about 46% of all vacant homes are in a situation that would be available to investors. These categories include, “needs repairs” “extended absence” “storage” “foreclosure” “abandoned” or “other”. If you had a way to find these properties and contact the owners, surely some of them are ready to sell. There are 7 or 8 million of these homes nationwide, available to people like me. That’s more than the total number of homes sold last year. Investors accounted for about 350,000 sales across the country last year. Based on the inventory and the current level of investors there’s a 20 plus year supply of properties available RIGHT NOW. And more distressed properties and abandonments are surely on the way. It’s the nature of things. If one investor can do a dozen houses per year and we wanted to sell the current inventory of vacant homes it would take close to 700,000 new investors. ---- I’d say there’s room for a few more, wouldn’t you? Emails: Questions@flippingamericaradio.com Tell us where you’re from! Francine, Madison, WI, “How do you handle multiple offer situations when you are buying? It seems like every time I make an offer, they have multiple offers and want a ‘Highest and Best’ offer, usually within 24 hours.” Michael, Spartanburg, SC, “Do you ever go above your numbers due to the fact that deals are so hard to come by these days? I’d rather make something than have my money sitting on the sideline.” Melissa, Marion, OH, “We want to improve our deal marketing. What advice would you give us?” Peter, Battle Creek, MI “How many offers do I need to make in order to buy one house per month and how much time will that take me?”
FAR 096 Expected Air Date: 12/11/17 Announcements: NEW NEW! Call in to our comments line! 404-369-1018, extension 1. Leave your message. Questions@flippingamericaradio.com Tell us where you’re from! Like us on Facebook. www.facebook.com/flippingamericamedia Check in with us every Tuesday for “Tuesdays at Two” Follow us on Twitter @FlippingAmerica IF WE READ YOUR QUESTION ON THE AIR, WE WILL SEND YOU A TICKET TO OUR NEXT FLIPSTARTER EVENT. THAT’S A $97 VALUE! News: The Hottest and Coldest markets?? http://www.builderonline.com/money/profits/the-hottest-and-coldest-markets-for-real-estate-investment_o https://economictimes.indiatimes.com/wealth/real-estate/10-rules-of-commercial-real-estate-investing/articleshow/61995537.cms https://www.inman.com/2017/12/07/5-factors-influencing-new-york-citys-real-estate-market/ https://qz.com/1151221/offshore-shell-companies-own-86000-british-properties-and-the-government-hasnt-published-a-register/ https://www.forbes.com/sites/forbesrealestatecouncil/2017/12/08/notable-real-estate-trends-to-watch-for-in-2018/#3ae586b61344 https://www.nytimes.com/2017/12/05/business/economy/tax-bill-real-estate.html https://seekingalpha.com/article/4129717-tax-reform-can-stimulate-real-estate-market-stocks-stand-gain https://slate.com/business/2017/12/housing-markets-worst-hit-by-republican-tax-plan.html Emails: Questions@flippingamericaradio.com Tell us where you’re from! Tonia, Birmingham, AL “What does the one year right of redemption mean with foreclosures here?” Katie, Minneapolis, MN, “Do you shut down your sales in December? It seems a bit cold here for selling houses this time of year.” Darrel, Austin, TX, “Next year I want to scale up my business from 6 to 15 flips. What suggestions would you have for me?” Hire out the lowest level stuff first. Eventually hire out everything except for the stuff only you can do. Focus! Deal Flow Cash Flow Hire the best people with the best skill set. Hold out for the best. Leave the details to your good team, but never lose focus. Andre, Portland, OR “I’m buying rental properties in the midwest. I hired the first property management company I spoke with and am not satisfied. How do you go about hiring remote management. My properties are all in Kansas City and St. Louis.” Alvin, Merced, CA “I have converted my 401K from my previous employer to a self-directed Roth IRA. Now I am looking to invest in someone’s deal. Should I invest in someone flipping or in a long-term buy and hold?” Douglas, Mt. Vernon, IL, “There isn’t much happening in my town in terms of real estate investing. In fact, I don’t know of anyone who does this as an actual job. What would you advise someone like me - interested but unsure of the possibilities?” Look in the legal ads in the paper. Find out the Illinois foreclosure rules. Get down to the courthouse and see who is bidding and what they are bidding on. Make friends. Get a mentor. Talk to local realtors. David, Atlanta, GA “I want to invest passively and I wonder if I can just put up money for you and your team to do some deals?”
FAR 094 Expected Air Date: 12/04/17 Announcements: NEW NEW! Call in to our comments line! 404-369-1018, extension 1. Leave your message. Questions@flippingamericaradio.com Tell us where you’re from! Like us on Facebook. www.facebook.com/flippingamericamedia Check in with us every Tuesday for “Tuesdays at Two” Follow us on Twitter @FlippingAmerica IF WE READ YOUR QUESTION ON THE AIR, WE WILL SEND YOU A TICKET TO OUR NEXT FLIPSTARTER EVENT. THAT’S A $97 VALUE! News: Inventory is key in housing market. This article is a fine macro-economic approach to interpreting the current real estate market. In short, all of the RE asset classes EXCEPT single family homes have peaked and their rate of increase has leveled off. The SFR market is up and all signs point to it continuing that way for awhile. The SFR market seems to be the last to be affected by other market conditions. The author acknowledges that while the peak is not in sight currently, it has to turn around eventually as prices are going beyond the ability of consumers to buy. The article is well-researched and full of helpful charts and graphs. https://seekingalpha.com/article/4128209-inventory-key-housing-market The 20 most profitable housing markets this year. Although no hold time criteria is provided, it sounds like these are owner occupants, not investors. Still, it supports the general upward trend. http://blog.credit.com/2017/04/the-20-most-profitable-housing-markets-this-year-171991/ The 20 areas with the most flipped homes (by volume). http://blog.credit.com/2017/09/20-metro-areas-with-the-most-flipped-homes-179126/ The 25 hottest markets (in terms of vacancy). This implies rental, but the article doesn’t clarify. http://blog.credit.com/2017/11/25-metro-areas-with-the-hottest-housing-markets-179816/#comments Interest in secondary markets a bad thing? https://seekingalpha.com/article/4129319-growing-interest-secondary-markets-warning-sign-real-estate The best set of house flipping stats I’ve seen yet. Loaded with information. (spend some time going through this one) https://www.attomdata.com/news/home-flipping/q2-2017-u-s-home-flipping-report/ Emails: Questions@flippingamericaradio.com Tell us where you’re from! Sandra, Baltimore, MD, “I went to a seminar last weekend on rental properties where they are going to do everything for me. They have houses rented out that they will sell me. They offer financing on the houses. They showed me a sheet that had the payment, including taxes and insurance and the rent payment was $244 more than the house payment. There were several properties and they were all pretty similar. I have to come up with about $30,000 for each house I buy and I’m thinking about buying 10 of them. The only thing that concerns me is the interest rate. It’s 12%, which seems a little high. If it were lower I know I could make even more money, but they will only sell me the house if I use their financing. What are your thoughts on this?” The business model is fine. These numbers are a ripoff. Justin, Indianapolis, IN “I’ve got a great job I love so I don’t want to flip houses, but I’ve saved enough money for a down payment on a rental property. I’m single, so I have time to manage this myself. What should I be looking for?” Warren, Rochester NY, “How do I find good tenants for my rental? I’m closing in two weeks and want to start looking for a tenant now. And do I need to hire a management company for just one house? It’s not far from my home so I’m thinking I can manage it myself but I want to do it right.” LPA Baserent Naomi, Jackson, MS, “I have a delinquent tenant and am trying to figure out the process for getting them out of my house. I have one friend who says one thing and another friend who says another. Both of them used to be renters and saw people get evicted. I need to do this, but I don’t want to do it wrong. Please help.” Darrel, Austin, TX, “What are some of the technology solutions you have or are using in your investment business?”
FAR 092 Expected Air Date: 11/27/17 Announcements: NEW NEW! Call in to our comments line! 404-369-1018, extension 1. Leave your message. Questions@flippingamericaradio.com Tell us where you’re from! Like us on Facebook. www.facebook.com/flippingamericamedia Check in with us every Tuesday for “Tuesdays at Two” Follow us on Twitter @FlippingAmerica IF WE READ YOUR QUESTION ON THE AIR, WE WILL SEND YOU A TICKET TO OUR NEXT FLIPSTARTER EVENT. THAT’S A $97 VALUE! News: Out of this World Real Estate! https://www.nytimes.com/2017/11/26/science/moon-express-outer-space-treaty.html Historical motivations in real estate acquisition Comes with people (i.e. servants) Agricultural products Water Mineral rights Aesthetic (the view, etc.) Market is cooling in Sweden. Lessons for the US? https://qz.com/1137615/swedens-cooling-housing-market-is-a-preview-for-others-with-low-rates-and-property-bubbles/ The world’s largest sovereign fund is NOT backing away from Real Estate. https://www.bloomberg.com/news/articles/2017-11-24/a-1-trillion-wealth-fund-notes-red-flag-in-real-estate-market Hong Kong is hopping: https://www.bloomberg.com/news/articles/2017-11-26/world-s-priciest-housing-market-seen-defying-doomsayers-into-18 Seattle is booming. Can it last? http://kuow.org/post/seattle-tops-real-estate-market-price-increases Blockchain Technology and Real Estate: https://www.forbes.com/sites/forbesrealestatecouncil/2017/11/20/five-ways-blockchain-can-impact-the-real-estate-market-for-the-better/#4048f2ea7b77 Emails: Questions@flippingamericaradio.com Tell us where you’re from! Ryan, McDonough, GA “What price range should I be looking for my first flip property?” Kenyata, Waukesha, WI “I’m struggling with how to calculate the costs of a rehab and I can’t get contractors to come out to bid the work. How am I supposed to get three bids when I can’t even get one contractor to come out?” Francine, Denver, CO, “If I’m just starting out, how much time is reasonable to put into this each week? I have a full-time job and two grade school children. I’m trying to figure out if I can fit this into my schedule.” Albert, Aurora, CO, “Do you do any Holiday decorations on houses you are trying to sell at this time of year?”
FAR 086 Expected Air Date: 11/11/17 Announcements: NEW NEW! Call in to our comments line! 404-369-1018, extension 1. Leave your message. Questions@flippingamericaradio.com Tell us where you’re from! Like us on Facebook. www.facebook.com/flippingamericamedia Check in with us every Tuesday for “Tuesdays at Two” Follow us on Twitter @FlippingAmerica IF WE READ YOUR QUESTION ON THE AIR, WE WILL SEND YOU A TICKET TO OUR NEXT FLIPSTARTER EVENT. THAT’S A $97 VALUE! News: Happy Veterans Day Living quarters Office Space 7 Things potential buyers do NOT want to see in a house Motivational Thoughts for the day 10X by Grant Cardone Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: Questions@flippingamericaradio.com Tell us where you’re from! Debra, Calhoun, GA “How do I find the right realtor for my investment business?” Ross, Burlington, NC “I know I need a realtor but I’m not sure what to ask him or her when we meet to talk. Do you have a few questions or topics you can recommend?” Alvin, Jackson, MS, “What do I look for in a realtor?” Elsie, Long Beach CA, “I’m a realtor. Every time the real estate gurus come through town my office is beseiged with calls from new investors, all reading from the same script. They tell me they plan to buy 20 houses a year and so on and so forth. We have heard all of this before. They want us to spend time searching through the MLS to bring them deals. But we know they have no experience, usually no money, and it is rare that any of them will buy anything. They waste our time so we usually don’t call them back. The next thing you know they are saying bad things about us on social media. Please make it stop. We are professionals and take our business seriously. We don’t have time to put up with investor wannabes. We will work with seasoned investors of course and we love them, but need any advice you can give about responding to the new people.” David, Pittsburgh, PA “I’m a new realtor with (agency deleted), I want to work with investors and perhaps do some investing of my own. Where do I find serious investors? A lot of people at the local REIA are just dreamers and most of them will never do a deal.”
News: https://www.architecturaldigest.com/story/real-estate-markets-us-to-watch-2018 https://www.usatoday.com/story/money/2017/12/12/real-estate-market-exclusive-here-top-cities-buy-and-sell-homes/936581001/ https://www.usatoday.com/story/money/2017/10/23/heres-why-house-hunting-so-frustrating-right-now/786034001/ https://www.usatoday.com/story/news/2017/10/20/50-worst-american-cities-live/784413001/ http://www.thedenverchannel.com/lifestyle/real-estate/report-denver-is-14th-most-unaffordable-real-estate-market-in-us-18th-in-north-america Worldwide affordability rankings. The median multiple you divide the median home price by the median salary. 3 is the dividing point. Above that unaffordable. Below, affordable. http://www.demographia.com/dhi.pdf https://www.bloomberg.com/news/articles/2017-12-13/tax-overhaul-could-be-huge-win-for-u-s-real-estate-investors https://www.nytimes.com/2017/12/05/business/economy/tax-bill-real-estate.html https://seekingalpha.com/article/4129717-tax-reform-can-stimulate-real-estate-market-stocks-stand-gain https://slate.com/business/2017/12/housing-markets-worst-hit-by-republican-tax-plan.html Emails: Questions@flippingamericaradio.com Tell us where you’re from! Alvin, Merced, CA “I have converted my 401K from my previous employer to a self-directed Roth IRA. Now I am looking to invest in someone’s deal. Should I invest in someone flipping or in a long-term buy and hold?” Douglas, Mt. Vernon, IL, “There isn’t much happening in my town in terms of real estate investing. In fact, I don’t know of anyone who does this as an actual job. What would you advise someone like me - interested but unsure of the possibilities?” Look in the legal ads in the paper. Find out the Illinois foreclosure rules. Get down to the courthouse and see who is bidding and what they are bidding on. Make friends. Get a mentor. Talk to local realtors. David, Atlanta, GA “I want to invest passively and I wonder if I can just put up money for you and your team to do some deals?” Ellen, Wakesha, WI, “I think my biggest obstacle to actually buying my first investment property is fear. Can you help me overcome it?” The unknown Self-confidence Risk management Bring in a mentor / experienced partner Topics: Worldwide Affordability Index
FAR 135 Expected Air Date: 03/26/18 Opening David Kraus has bought over 40 properties for no money down and no credit check. He has accomplished this by using a combination of Land Trust, Wraparound Mortgages, Lease Options and Contract for Deeds. The favorite tool in his arsenal are land trust and his story on how he started using land trust is one to hear. With an investor, David went out and found a very discounted deal in Joliet, Illinois. It was a two unit in need of cosmetic repairs for only $28,000. Once the property was closed it only took 10 days to do the entire rehab. An appraiser then went out and it appraised for $75,000. Running an ad in the paper, a nice couple wanted to purchase the property and put in a contract for $71,000. The bank they were using gathered all the paperwork and the banks appraiser appraised the property for $71,000, the agreed upon asking price. Then the deal started to self destruct. When the lender pulled title and saw the property originally sold less than a month before for only $28,000, they said it was a scam. After presenting the bank with all the paperwork from the rehab, the bank still wouldn't make the loan. Instead they said they wanted the property to season for a year before they would make a loan. So while David and the investor were stuck holding the property, David went out and sought ways to avoid this problem in the future. When he came across land trust it seemed like it could be used to solve the problem but unfortantly there was little information available. So he did the next best thing and took the Vice President of Northern Trust to lunch and picked her brain. The result of lunch and a few more phone calls; the land trust flip was created. Not only could he flip the property but over time David developed ways to eliminate down payments, flip deals without owning them and acquire properties with no money out of his pocket. He is now expanding his investment business by implementing national marketing for both discounted properties and investors using the same techniques he has used for years. How to Reach us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: My upcoming speaking engagements: April 5, Chattanooga REIA April 7, FlipStarter, Chattanooga April 9, Savannah REIA April 14, FlipStarter Savannah April 21, FlipStarter Atlanta Details on the website and at FlipStarterEvent.com Motivational Thoughts for the day “What you lack in talent can be made up with desire, hustle and giving 110% all the time.” – Don Zimmer. Emails: Questions@flippingamericaradio.com Tell us where you’re from! Faith from Omaha, NE “Can you explain a mortgage wrap and when I would use it? I’m a new investor and excited to get started.” Sandy from McDonough, GA “Would you rather buy one flip where you could make $30,000 or two rentals where you could make $800 per month together?” Kimberly, West Miffin, PA “We have a rental house that will come vacant at the end of March. We are thinking of selling it. Should we wait to list it in June or go ahead and list it? We are thinking in might sell for more during the peak buying season.” Frieda, Ocala, FL, “Thanks for the show about mobile home parks. We live in one and love it. We retired to Florida to enjoy doing things with our friends, not take care of a house and yard. This is perfect for us and for everyone in our community. We are saddened to hear that cities and towns are no longer allowing new mobile home communities. Given the need for affordable housing in our nation right now, you’d think that lawmakers would be open to a wider range of possibilities. Stanley and I were able to sell our home, buy our current place with cash, invest the difference safely and lead comfortable lives doing what we want to do. I hope you’ll share this letter with your listeners and encourage leaders to allow more new mobile home communities across the country.” Jason, Harrisburg, PA, “is there one best source for deal flow? If there is, what is it?”
FAR 131 Expected Air Date: 03/17/18 Opening Hello everyone. I am Roger Blankenship and I teach people how to make money in Real Estate. We bring you news, trends, markets, and we feature people who are getting it done in this industry. Today our guest is Michael Braswell, founder of Braswell Capital Solutions. Michael has been in the financial sector his entire career although he did spend some time as a successful realtor as well. His experience in real estate, finance, and with investors has created in him the ideal person to provide financing for your real estate project. He will be with us in a few moments. How to Reach us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: My upcoming speaking engagements: April 5, Chattanooga REIA April 7, FlipStarter, Chattanooga April 9, Savannah REIA April 14, FlipStarter Savannah April 21, FlipStarter Atlanta Details on the website and at FlipStarterEvent.com Special Guest Michael Braswell Motivational Thoughts for the day The answer to every un-asked question is the same. You never bought the house you didn’t offer on. Emails: Questions@flippingamericaradio.com Tell us where you’re from! Zach in Birmingham Farell in Las Vegas Eduardo, Tampa Cecil, Ocala Olivia, Pittsburgh Andrea, Milwaukee Andrew, Harrisburg I’m answering your questions and those of dozens of others regarding hard money lending. Kelsey, Los Angeles Ramon, Long Beach, Ernesto, Austin Camille, Chicago Rona, Memphis Fred, Louisville Antwon, Brooklyn Chris, Saginaw, MI You all have written in looking for information and sources for good cash flowing rental properties. Tune in on Monday for a show with a couple of guys who are cranking out turn-key rental properties everything month that yield a net return of 10% or more. That’s right. Double digit returns on rental properties. Find out more on Monday. Topic: Things you need to know when getting hard money loans What are the loan qualifications? The deal itself. ARV, Purchase price, rehab budget Your experience. How many have you done, have you done this type of project? Credit score What are the loan costs? Interest Rate Origination Fee What is the loan term? Is there a pre-payment penalty (most do not) What if we need more time? Translate this to the bottom line. Cash out of pocket to close Down payment Origination feed Interest payments Additional cash needed to finish repairs Know the number of days you will hold the property Length of rehab Avg. Days on market Plus 45 days from contract to close Shop around, sure, but stick with quality people who do what they say they will do. Vet your lender like any other part of your team. Lenders can hurt you by failing to close at the last minute or delaying draw money you need to pay your contractors. Check with others who have borrowed from a lender or broker. Check with the Better Business Bureau. Do they answer their phone? Do they return calls and messages? Understand what lenders are NOT here to do: Waste their time on your ignorant fanny. Teach you how to manage your project Teach you how to run your business Analyze your deals for you. They will analyze them of course, but you should only present deals to them that you have already confirmed are solid. Like everyone else in this business they get paid when a product is delivered - in this case when a loan is closed. They will appreciate you NOT wasting their time and will be more interested in working with the investors that bring quality closeable deals to the table. I’ve said many times that if you know your ability to perform and you know your numbers, it doesn’t matter too much what the loan costs are. Do your research, know your numbers, prepare for the worst, buy conservatively, and you will consistently do well. Keep your eyes open! Opportunities are everywhere.
FAR 114 Expected Air Date: 02/01/18 Opening: Hello everyone. I am Roger Blankenship and I teach people how to make money in Real Estate. Have you laid out your goals for 2018 yet? January is over and if you haven’t, it’s time to get cracking. We are going to talk about goals in just a few minutes. First a little housekeeping. Flipping Atlanta, Feb 8, Mike Cherwenka. Announcements: NEW NEW! www.flippingamericanetwork.com is LIVE Call in to our comments line! 404-369-1018, extension 1. Leave your message. Questions@flippingamericaradio.com Tell us where you’re from! Like us on Facebook. www.facebook.com/flippingamericamedia Check in with us every Tuesday for “Tuesdays at Two” Follow us on Twitter @FlippingAmerica IF WE READ YOUR QUESTION ON THE AIR, WE WILL SEND YOU A TICKET TO OUR NEXT FLIPSTARTER EVENT. THAT’S A $97 VALUE! News: https://www.forbes.com/sites/elyrazin/2018/01/17/3-commercial-real-estate-trends-to-watch-in-2018/#20358eca612e https://www.forbes.com/sites/forbesrealestatecouncil/2018/01/29/five-real-estate-technology-predictions-for-2018/2/#2e436e443f82 https://www.aspendailynews.com/news/robust-real-estate-market-still-steaming/article_1f266f6e-0700-11e8-b2ee-03d458c34391.html https://www.bloomberg.com/news/articles/2018-01-31/manhattan-townhouses-for-sale-are-lingering-on-real-estate-market https://www.forbes.com/sites/ellenparis/2018/01/31/traits-of-a-successful-real-estate-investor/#8e0708f3583e https://www.forbes.com/sites/forbesrealestatecouncil/2018/01/31/cash-flow-killers-to-your-real-estate-investment/#7ba023015b5c https://www.forbes.com/sites/ellenparis/2018/01/29/2018s-housing-market-looks-good-unless-youre-a-first-time-millennial-buyer/#422ef94d1885 Emails: Questions@flippingamericaradio.com Tell us where you’re from! Diego, Dallas, TX, “Thank you for sharing the buying formulas for rental properties. Please explain more about cash on cash return and capitalization rate. What’s the difference?” Chip, Perry, GA, “I heard someone say that you should figure the cost of an apartment building based on the market cap rate. I didn’t really follow but didn’t want to admit that in the conversation. Please explain it to me.” Esther, Milwaukee, WI “I went to a seminar where they were going to sell me turn-key rental properties and finance them to me at 12% for 15 years. The loan to value would be 60%. They assured me these were great below-market deals and I would make money. Can you tell me whether this is true?” 100k, 40k down payment. 1000/mon rent 12k year. 8400 NOI. PI $720. Payments 8640. Taxes and Insurance already considered in NOI. It SEEMS you have $280/mon cash flow, but in reality you lose about $20 per month. Cap rate: 8.4%. ConC return, -.002% Warren, Harrisburg, PA “Do you ever make exceptions to your ‘all in for 70%’ rule? If so, when? Sub to, other creative deal structure, high end, 100% OPM, Dan, Birmingham, AL “I looked into buying foreclosures here at the courthouse auction and learned that there is a one year right of redemption for the properties. I’m told this is why very few Alabama properties are sold at these auctions. Someone told me they heard you had an idea on this. Care to share?” Topics: Goals, Milestones, Steps
Emails: Questions@flippingamericaradio.com Tell us where you’re from! Constance, Milwaukee, WI “Can you recommend a good crowd-funding real estate site?” De’Andre, Atlanta, GA “What is co-wholesaling and is it even legal?” Phillip, Long Beach, CA “I have a property that I want to buy and flip with my self-directed IRA. I’m about 10k short of what I need to get it fixed. Can I use my own money to fill the gap?” Jeffrey, Anderson, IN “Someone told me I shouldn’t have all my properties held by my corporation. I’m wondering why. Right now I have 8 rentals and I’m flipping 3 or 4 houses per year. I thought the corporate protection is all I needed.” Carly, Cleveland, TN “I met you when you were speaking in Chattanooga, although you may not remember me. My husband just finished his first rehab and went over budget. It turns out that your formula nailed his budget exactly. But now we don’t remember the formula.” Topics: Private Lending Q&A
FAR 112 Expected Air Date: 01/25/18 Opening: Hello everyone. I am Roger Blankenship and I teach people how to make money in Real Estate. Today we are going back to the basics. People seem to be coming out of the woodwork asking questions about getting started as active real estate investors. Today we are going to cover the basic buying rules. I’ve got a formula I’ve used for years in buying flips. If you’ve had any training at all on the subject, the formula may be familiar to you, but I’m going to explain the reasoning behind it and why you should not violate this rule - meaning pay too much for the property. Then I’m going to give you a couple of formulas for buying rentals and connect them to capitalization rate. All that is just ahead. Heads up! You can get this information in video form by subscribing to the Network! We are getting a ton of questions about private lending as well so we are going to cover that topic Saturday. And sandwiched in-between... If you’re in the Atlanta area, plan to come out tomorrow morning to hear Roger Herring in person as he covers tax reform and its implications for us. I’m looking forward to being there. Send an email to ajohnson@investorsaccounting.com and Roger’s assistant will send you what you need to get in. Announcements: NEW NEW! www.flippingamericanetwork.com is LIVE Call in to our comments line! 404-369-1018, extension 1. Leave your message. Questions@flippingamericaradio.com Tell us where you’re from! Like us on Facebook. www.facebook.com/flippingamericamedia Check in with us every Tuesday for “Tuesdays at Two” Follow us on Twitter @FlippingAmerica IF WE READ YOUR QUESTION ON THE AIR, WE WILL SEND YOU A TICKET TO OUR NEXT FLIPSTARTER EVENT. THAT’S A $97 VALUE! News: https://www.benzinga.com/pressreleases/18/01/p11073843/global-wellness-institute-releases-landmark-report-build-well-to-live- https://www.fastcompany.com/40512467/utopic-wellness-communities-are-a-multibillion-dollar-real-estate-trend http://www.digitaljournal.com/pr/3632224 https://www.cnbc.com/2018/01/23/enough-with-the-doom-and-gloom-retail-real-estate-has-bright-spots.html https://simplywall.st/stocks/sg/real-estate/sgx-c2pu/parkway-life-real-estate-investment-trust-shares/news/parkway-life-real-estate-investment-trust-sgxc2pu-is-a-real-dividend-rock-star-here-is-why/ http://www.nreionline.com/finance-investment/new-tax-laws-likely-increase-hnw-investment-real-estate https://therealdeal.com/2018/01/25/hamptons-housing-market-ends-2017-on-a-high-note/ https://www.pressherald.com/2018/01/24/maine-housing-market-continues-record-breaking-streak/ Emails: Questions@flippingamericaradio.com Tell us where you’re from! DeOnna, Columbia, SC “How much money will I need in order to buy a rental house?” Shawn, “Milwaukee, WI “I have a full-time job but want to get into this. How much time to I need to plan in order to pick up a few houses a year?” Angelina, Long Beach, CA “With my busy life, I don’t know how to make time to become an investor but i want to. Please help me figure this out?” Errol, Little Rock Ak, “How do you find properties to keep your deal flow?”
FAR 108 Expected Air Date: 01/15/17 Opening: Back by popular demand, we are going to discuss again today the 85 ways to make money in real estate. There are sub-categories and sub-sub tactics and methods, but these are the 85 major ways. We tried for a list of 100, but after 85 we were repeating ourselves. This time around we are organizing the ways a bit. Here’s a helpful insight: Although there are 85 ways to make money, they all fall into one of five categories: Active Buying and Selling Buying and holding for cash flow and equity development Passive investing through lending or equity share purchases. Marketing real estate Vendor or supplier Announcements: NEW NEW! www.flippingamericanetwork.com is LIVE FlipStarter Tampa is January 20. FlipStarter Dallas is Feb 10. www.flipstarterevent.com Call in to our comments line! 404-369-1018, extension 1. Leave your message. Questions@flippingamericaradio.com Tell us where you’re from! Like us on Facebook. www.facebook.com/flippingamericamedia Check in with us every Tuesday for “Tuesdays at Two” Follow us on Twitter @FlippingAmerica IF WE READ YOUR QUESTION ON THE AIR, WE WILL SEND YOU A TICKET TO OUR NEXT FLIPSTARTER EVENT. THAT’S A $97 VALUE! Emails: Questions@flippingamericaradio.com Tell us where you’re from! Ron, Jacksonville, FL “Did I hear you say it’s a bad idea to buy a rental property from a full-service company that provides the rented house for you and financing if you need it?” Deann, Atlanta, GA. “I go through the process you have described and end up with a maximum offer far less than the price the seller is asking. Should I just go ahead and make the offer? It seems like possibly a waste of time - both mine and the sellers.” If an individual from your marketing, sit down and show them the numbers. Then make the offer. Tony’s illustration of the tow truck... If a bank or a HUD house, make the offer. Max, Chattanooga, TN “Please go over how many offers I need to make in order to buy one house per month. It doesn’t seem like I have enough time to do this part time.” Sharon, Clearwater, FL “I appreciated so much what you shared on the show last Saturday. My husband and I retired to Clearwater in 2006 and took our life savings and invested in real estate here. We thought we couldn’t miss, but boy did we ever. We lost almost everything. Your words were very encouraging. We’ve been trying to get re-started but both had to go back to work part-time to maintain our modest lifestyle here. We are still interested in real estate, but need some guidance on how to get started.” Topics: Eighty Five Ways to Make Money in Real Estate There is overlap and many of them are similar. Some items are more of a source for deal flow than a separate strategy. We create another item if the skill set or knowledge required is significantly different. None of them will be radically different, but each area or source has a different twist. This was the topic for show number 80, but we have taken the list a little further and deeper by grouping the list into five broad categories: Active Build or Repair and Sell. Items will fall into this category if you buy with the intent of adding value by any means (not always repairs) and re-selling within one year. Active Buy and Hold. These are investments made with the intent to create cash flow. Passive. You put up the money and it creates income for you. No tenants, toilets, contractors. Just the money. Marketing. This includes all real estate related marketing jobs, which is more than simply being a Realtor Vendor. Provide goods or services to real estate investors and the real estate community. Eighty Five Ways p, f, m, v, or b Passive, Fix and Flip, Marketing, Vendor, or Buy and Hold Buy and Hold b Hybrid fix and Hold b Small Multi-family (duplex through quads) b Small Apartments (5-50 units) b Large Apartments b Small Office b Large Office b Commercial Sub-leasing (Regus, WeWork, etc.) b Virtual Office b Triple Net Leasing - large companies don’t always want to own the real estate. b Manufacturing / Industrial b Retail b Motel / Hotel b Raw Land b Farm Investing b Timber b Water/Mineral/Oil/Gas rights b Mobile Homes b Mobile Home Parks b RV Parks b Vacation Rentals b Billboards b Mini-storage b Business short-stay (AirBnB) b Real Estate Syndication b 1031 Exchanges b 26 Bird Dog f Wholesaler f Fix and Flip f New Every 2 Flip strategy f Turn Key Rental sales f Lease Arbitrage f Apartment wholesaler f Fix and Flip Apartments any size f Single family developer f Commercial developer f Non-performing Notes f Performing Notes f New Construction Residential f New Construction Commercial f International investing f 15 Auctions f or b Foreclosure sales f or b Tax Liens f or b Subject-To f or b HUD sales f or b VA sales f or b Bulk packages f or b Joint Ventures f or b 8 Residential Realtor m Commercial Realtor m Real Estate Marketer m Realtor Lead Generation m Realtor Lead Management m Leveraged Contract for Deed m Residential Mortgage Lender m Commercial Mortgage Lender m Lending Broker m Property Management, Residential m Property Management, Commercial m Own the Brokerage m Retirement Specialist m 13 REIT p Crowd Funding p Stock in publicly traded RE company p Cash Lender p IRA Lender p Real Estate Private Equity Fund p 6 Appraiser v Home Inspector v Insurance Agent v Title/Escrow Agent v Real Estate Attorney v Real Estate Accountant v Resident Manager v Handyman v Contractor v Project Manager v Real estate photography v Consulting / Mentoring v Blogging v Author v REIA owner v Trainer / Guru v Radio Host! (wait - we were talking about making money…) v 17
FAR 107 Expected Air Date: 01/13/17 Opening: What a great time we had in Tampa on Thursday. I’m STOKED about next Saturday, January 20 when we come back for FlipStarter Tampa. You can sign up at flipstarterevent.com. Thanks to all our listeners who came out and introduced yourselves. I was overwhelmed by your kind words. I look forward to seeing some of you back next Saturday. As promised, today I’m going to tell you my story. Many have been asking and I’ve been putting it off, but today is the day. I’ll get to that in a bit. Along the way I’ve developed several of my own little reminders or quotes if you want to call them that. I’ll be sharing them along with some wisdom from others, including my dad in the social media posts today. Announcements: NEW NEW! www.flippingamericanetwork.com is LIVE FlipStarter Tampa is January 20. FlipStarter Dallas is Feb 10. www.flipstarterevent.com Call in to our comments line! 404-369-1018, extension 1. Leave your message. Questions@flippingamericaradio.com Tell us where you’re from! Like us on Facebook. www.facebook.com/flippingamericamedia Check in with us every Tuesday for “Tuesdays at Two” Follow us on Twitter @FlippingAmerica IF WE READ YOUR QUESTION ON THE AIR, WE WILL SEND YOU A TICKET TO OUR NEXT FLIPSTARTER EVENT. THAT’S A $97 VALUE! Emails: Questions@flippingamericaradio.com Tell us where you’re from! Deann, Atlanta, GA. “I go through the process you have described and end up with a maximum offer far less than the price the seller is asking. Should I just go ahead and make the offer? It seems like possibly a waste of time - both mine and the sellers.” If an individual from your marketing, sit down and show them the numbers. Then make the offer. Tony’s illustration of the tow truck... If a bank or a HUD house, make the offer. Topics: My Story
FAR 106 Expected Air Date: 01/11/17 Opening: We are in Tampa today for the the Tampa REIA. Hey everyone listening on 92.1 FM and 1630 AM, come on out tonight and meet me. If you tell me you heard me on the air, I’ll get you the TampaREIA Member discount for our upcoming FlipStarter event, January 20. The meeting is at the DoubleTree Suites Hotel on Rocky Point Dr. and starts at 6 with networking. I’ll start speaking around 7:30. You can find the Tampa REIA on the web at tampaREIA.com. Hey Ocala listeners, you’re not too far away. I’ll make you the same offer. Just tell me you heard me talking about it on the show today. Announcements: NEW NEW! www.flippingamericanetwork.com is LIVE FlipStarter Tampa is January 20. FlipStarter Dallas is Feb 10. www.flipstarterevent.com Call in to our comments line! 404-369-1018, extension 1. Leave your message. Questions@flippingamericaradio.com Tell us where you’re from! Like us on Facebook. www.facebook.com/flippingamericamedia Check in with us every Tuesday for “Tuesdays at Two” Follow us on Twitter @FlippingAmerica IF WE READ YOUR QUESTION ON THE AIR, WE WILL SEND YOU A TICKET TO OUR NEXT FLIPSTARTER EVENT. THAT’S A $97 VALUE! News: https://www.inman.com/2018/01/05/real-estate-daily-market-update-january-5-2018/ https://www.forbes.com/sites/forbesrealestatecouncil/2018/01/05/avoid-these-four-common-commercial-real-estate-investing-mistakes/ https://www.bisnow.com/national/news/commercial-real-estate/report-4-major-commercial-real-estate-investment-opportunities-available-in-2018-83264 https://www.forbes.com/sites/jrose/2018/01/05/best-investments-to-make/#16f95b1b4b72 https://www.forbes.com/sites/jrose/2016/02/07/7-lessons-i-learned-from-failing-at-real-estate-investing/#5a46fadd574d http://www.sacbee.com/news/business/article193300214.html https://www.forbes.com/sites/forbesrealestatecouncil/2018/01/10/four-trends-that-will-impact-rental-markets-in-2018/#2a1953154e23 https://www.cbsnews.com/news/million-dollar-homes-haunt-real-estate-market/ https://www.forbes.com/sites/omribarzilay/2018/01/10/10-real-estate-startups-to-watch-in-2018/#24884856250f Emails: Questions@flippingamericaradio.com Tell us where you’re from! Edgar from Lancaster, PA, “Great show. Can you explain hard money to me and perhaps connect me with a hard money lender?” Samantha from Long Beach, CA “I’m following up with your prediction about the prices cooling off here on the west coast. I’m not sure what this means we should do as investors. My husband and I are looking to fix and flip.” Every market is local. Watch days on market, drill down to very local markets and price ranges. Bridgette, Columbia, SC “I heard you mention that Columbia is one of the very few areas in the US that was not a hot market in 2017. What do you see in your crystal ball for 2018 and how should I approach my fix and flip business in the coming year? You are right - the market is balanced and I’m able to find quite a few properties here, but some of them are pretty rough.” Deann, Atlanta, GA. “I go through the process you have described and end up with a maximum offer far less than the price the seller is asking. Should I just go ahead and make the offer? It seems like possibly a waste of time - both mine and the sellers.” If an individual from your marketing, sit down and show them the numbers. Then make the offer. Tony’s illustration of the tow truck... If a bank or a HUD house, make the offer. Sally from Ocala, FL, “Roger what do you invest in personally? I mean besides Real Estate of course.” Topics: Where do I invest my money? Myself - my education, training, and improvement. Real Estate Safe Things Sure Things
FAR 105 Expected Air Date: 01/08/17 Opening: It’s the Top and Best show for 2018! We scoured the sources and have come up with some Top Opportunities and Best ideas for the coming year: Design Trends, Hot Cities for residential investing, top cities for apartment investing, top cities in the world for real estate investing, The hot new ideas for 2018. And The Flipping America Guide to 2018 investing. All coming up on this show today. Announcements: NEW NEW! www.flippingamericanetwork.com is LIVE FlipStarter Tampa is January 20. FlipStarter Dallas is Feb 10. www.flipstarterevent.com Call in to our comments line! 404-369-1018, extension 1. Leave your message. Questions@flippingamericaradio.com Tell us where you’re from! Like us on Facebook. www.facebook.com/flippingamericamedia Check in with us every Tuesday for “Tuesdays at Two” Follow us on Twitter @FlippingAmerica IF WE READ YOUR QUESTION ON THE AIR, WE WILL SEND YOU A TICKET TO OUR NEXT FLIPSTARTER EVENT. THAT’S A $97 VALUE! News: https://www.inman.com/2018/01/05/real-estate-daily-market-update-january-5-2018/ https://www.forbes.com/sites/forbesrealestatecouncil/2018/01/05/avoid-these-four-common-commercial-real-estate-investing-mistakes/ https://www.bisnow.com/national/news/commercial-real-estate/report-4-major-commercial-real-estate-investment-opportunities-available-in-2018-83264 https://www.forbes.com/sites/jrose/2018/01/05/best-investments-to-make/#16f95b1b4b72 https://www.forbes.com/sites/jrose/2016/02/07/7-lessons-i-learned-from-failing-at-real-estate-investing/#5a46fadd574d http://www.sacbee.com/news/business/article193300214.html https://www.mansionglobal.com/articles/85145-how-the-new-u-s-tax-law-impacts-property-owners https://www.wsj.com/articles/top-5-interior-design-trends-for-2018-1515088212 http://www.businessinsider.com/coliving-startup-hubhaus-silicon-valley-mansions-2017-6/#in-2015-23-year-old-tech-entrepreneur-shruti-merchant-was-living-in-cupertino-california-in-a-single-family-home-she-would-never-be-able-to-afford-if-it-werent-for-her-six-roommates-1 http://www.businessinsider.com/homeshare-rents-luxury-apartments-at-affordable-prices-2018-1 https://www.profitableventure.com/real-estate-business-ideas/ http://www.businessinsider.com/best-us-housing-markets-real-estate-investment-2017-7/#73003-edmond-oklahoma-3 https://www.thebalance.com/top-real-estate-marketing-niche-opportunities-2866905 https://www.liveandinvestoverseas.com/real-estate/the-top-20-countries-for-investing-in-real-estate-today/ http://www.nreionline.com/multifamily/10-best-markets-multifamily-investment Emails: Questions@flippingamericaradio.com Tell us where you’re from! We’ve had a number of questions about Private Lending. To all of you we have directed your attention to the next section of the show where we will answer most, if not all, of your questions. Topics: Where do I invest my money? Myself - my education, training, and improvement. Real Estate Safe Things Sure Things
FAR 116 Expected Air Date: 02/05/18 Opening: Today we continue our series on Crypto-Currency and blockchain technology. We continue today with Stan Larimer who calls himself the Godfather of BitShares. Stan retired from a successful career as a rocket scientist and inventor and now has become one of the pioneers in the crypto currency craze. Is it a fad that will fade? Is it a trend, a sign of the times? How does the technology work? What are the implications for real estate investors? We’ll learn that and more coming up in just a few minutes. Announcements: Thursday night, Feb 8 in Atlanta, Mike Cherwenka. Call in to our comments line! 404-369-1018, extension 1. Leave your message. Questions@flippingamericaradio.com Tell us where you’re from! Like us on Facebook. www.facebook.com/flippingamericamedia Follow us on Twitter and Instagram @FlippingAmerica Special Guest Stan Larimer Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: Questions@flippingamericaradio.com Tell us where you’re from! Diego, Dallas, TX, “Thank you for sharing the buying formulas for rental properties. Please explain more about cash on cash return and capitalization rate. What’s the difference?” Chip, Perry, GA, “I heard someone say that you should figure the cost of an apartment building based on the market cap rate. I didn’t really follow but didn’t want to admit that in the conversation. Please explain it to me.” Esther, Milwaukee, WI “I went to a seminar where they were going to sell me turn-key rental properties and finance them to me at 12% for 15 years. The loan to value would be 60%. They assured me these were great below-market deals and I would make money. Can you tell me whether this is true?” 100k, 40k down payment. 1000/mon rent 12k year. 8400 NOI. PI $720. Payments 8640. Taxes and Insurance already considered in NOI. It SEEMS you have $280/mon cash flow, but in reality you lose about $20 per month. Cap rate: 8.4%. ConC return, -.002% Warren, Harrisburg, PA “Do you ever make exceptions to your ‘all in for 70%’ rule? If so, when? Sub to, other creative deal structure, high end, 100% OPM,
FAR 130 Expected Air Date: 03/15/18 Opening Hello everyone. Today we have someone who has created a resource that’s going to change your life. What would it be like if you could get 5 or 6 off-market leads every week from now on. Our guest is Trevor Mauch, founder of Investor Carrot and according to him, this is possible and within reach for every person listening to this broadcast today. Trevor’s company provides market tested and proven lead generating websites for investors. If the idea of doing another deal or three every month is appealing to you, stay tuned. We’re going to show you how you can do this. I had a nice time last night at Atlanta REIA South. Thanks to all of you who came out. Thank you Carla Gamper and Gordon Catts for hosting the meeting and inviting me. It was a honor to serve your group. How to Reach us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: My upcoming speaking engagements: April 5, Chattanooga REIA April 7, FlipStarter, Chattanooga April 9, Savannah REIA April 14, FlipStarter Savannah April 21, FlipStarter Atlanta Details on the website and at FlipStarterEvent.com Emails: Questions@flippingamericaradio.com Tell us where you’re from! Ian, Seattle Washington, “Would you rather wholesale properties or fix and flip?” Dennis, Atlanta, GA “Where do you find contractors?” Edwina, Las Vegas, NV “What is a double closing? I’ve heard they are illegal.”
FAR 124 Contractor Questions Expected Air Date: 03/1/18 Opening: Hello everyone. I am Roger Blankenship and I teach people how to make money in Real Estate. We bring you news, trends, markets, and we feature people who are getting it done in this industry. Today we have some market data and some rankings for you. We also have stories coming up about markets that are cooling off or underperforming. My team and I are digging through mounds of research data, reading lots of really boring studies and distilling it all into usable and actionable steps for your investing career. We don’t encourage everyone to go out, drop whatever else you have going on, and start a new career as a house flipper. Frankly it’s not for everyone. We DO recommend that everyone figure out a way to invest in real estate some how, some way. There are hundreds of possible combinations of techniques, access points, financial commitments, and skill sets, but it all boils down to one of three strategies: Buy for a quick re-sell. (After you have improved or added value) Buy and hold to create cash flow and build equity. Invest in projects like those and the people who are doing them. Nearly every week someone asks if I will train them. My answer is always, “it depends.” Anyone can watch some of my videos on our website or youtube channel. But before I take you into our mentoring program we need to talk. It’s an invitation only party and the people invited are the people who can convince us that they will succeed. We don’t want to take your money and then watch you fail. If we can help it we WON’T do that. But if you persuade me or one of our team leaders you have what it takes to succeed, you could become a part of our team. Also nearly every week someone asks if they can invest their money with me. This may surprise you but I don’t automatically say yes. First we need to have a longer conversation. I need to learn what your objectives are and how much you want to invest. If we have a program that meets your needs then yes you can invest with us. If not, I’m not going to just take your money and hope for the best. During this conversation I’ll learn what you are looking for in terms of a return on your money and your risk tolerance. After we get through that interview we will talk about the mechanism for putting your money to work. But hey there are many ways to invest even in your own community with local people. We are just happy to see you putting your money into real estate some how some where. News: http://www.businessinsider.com/the-top-financial-watchdog-is-going-after-the-ico-market-with-a-wave-of-subpoenas-2018-2 https://www.wsj.com/articles/sec-launches-cryptocurrency-probe-1519856266 https://www.realtytrac.com/dashboard/NewsReportPdf/144/FNRR/9578130 https://www.forbes.com/sites/samanthasharf/2018/02/01/full-list-where-to-invest-in-housing-in-2018/#7f67c235627e http://www.businessinsider.com/the-20-best-cities-to-own-investment-properties-2017-11#3-tampa-florida-18 https://www.realtor.com/news/trends/buy-theyre-gone-metros-fastest-growing-homeownership-rates/ https://www.realtor.com/news/real-estate-news/pending-home-sales-tumble-3-year-low-housing-crisis-worsens/?iid=rdc_news_hp_carousel_theLatest https://www.news-press.com/story/news/2018/02/04/market-watch-2018-real-estate-acting-little-weird/1087882001/ http://www.globest.com/2018/02/28/the-next-big-trend-in-industrial/?slreturn=20180128202006 http://news.medill.northwestern.edu/chicago/chinese-investment-flows-into-japanese-housing-despite-tightening-policies/ Emails: Questions@flippingamericaradio.com Tell us where you’re from! Arlene, Milwaukee, WI. “How do you find your contractors? Doreen, Atlanta, GA “My new contractor wants money up front for materials. I know you say ‘no money up front’ but we have this trust thing going on. He doesn’t know me and I don’t know him. What do I do?” William, Macon, GA “I keep hearing about the foreclosure auctions at the courthouse steps. I think I might want to do that, but why not just buy foreclosures my agent is showing me from the listings? Are the deals any better at the auctions? How do you go about buying at the courthouse?” Adnon, Long Beach CA, “Do you always hire a GC? What it the repairs are minor?”
This episode we burn threw Voicemails and all your Emails/Questions you sent in. Lists start up at about 1 hour and 40 minutes in. Facebook Page: www.facebook.com/radiofreeisstvan Heresy Camp: www.Heresycamp.com Heresy Camp Sponsors: www.Madrobotminiatures.com www.kromlech.eu www.deepcutstudio.com http://www.secretweaponminiatures.com/ https://www.facebook.com/blacklabelpaintimg/ Emails: Michael@warhammer30k.com Ryan@warhammer30k.com Scott@warhammer30k.com Derek@warhammer30k.com Instagram: www.instagram.com/radiofreeisstvan/ Music: https://soundcloud.com/kapslap/stranger-things-mike-and-eleven-kap-slap-remix
FAR 125 Expected Air Date: 03/3/18 Opening: Hello everyone. I am Roger Blankenship and I teach people how to make money in Real Estate. We bring you news, trends, markets, and we feature people who are getting it done in this industry. Today we are going to catch up on some listener emails. You folks are asking GREAT questions and I want to answer them on the air so many will benefit, but I also don’t like to keep you waiting this long. Over the next few shows we are going to start talking about Buy and Hold Strategies and the wisdom around that. If you haven’t already seen the video, plan to head over to FlippingAmericaNetwork.com/video and watch me explain the buying formulas. Monday we are going to talk all about property management with Katie Griffin, an Atlanta based property manager. Over the next week or so I’m going to introduce you to people who are buying apartments, creating turn-key rental properties, and providing other services for you as a buy and hold investor. So today our focus is on cash-flow. We will continue to answer any questions you have and help you in any way we can, but this is the theme. Remember we answer 100% of the questions you send in, some of them on the show. So keep them coming. News: http://www.globest.com/2018/02/28/the-next-big-trend-in-industrial/ https://www.realtor.com/news/trends/buy-theyre-gone-metros-fastest-growing-homeownership-rates/ https://www.reuters.com/article/britain-eu-jobs/a-year-to-go-before-brexit-u-s-investment-banks-still-bet-on-london-idUSL8N1QI6G2 https://www.mansionglobal.com/articles/90310-minimal-price-drops-in-london-point-to-a-stabilizing-real-estate-market https://www.knoxnews.com/story/money/business/2018/03/02/knoxville-real-estate-homes-houses-condos-apartments/378349002/ https://www.forbes.com/sites/forbestechcouncil/2018/03/02/how-blockchain-can-really-impact-real-estate-investing/#408c17ff7c1c https://www.forbes.com/sites/ingowinzer/2018/03/01/investing-in-california-real-estate-here-are-a-few-things-you-should-know/#5ef3a2e76d6e Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: Questions@flippingamericaradio.com Tell us where you’re from! Chaz,Milwaukee, WI “You talk about knowing your daily costs on a flip. Do you have a calculator for it? How do you know it so precisely?” Dean, Waco, TX, “What is the 1% rule and how does that relate to cap rate?” Sally, Columbus, GA “I’ve bought 4 properties, fixed them up and turned them into rentals. I want to do more, but I don’t have money for down-payments and repairs. Is there some way to pull cash out of what I own already to fund more purchases?” Laura, Villages of Ocala “I own 7 rentals in Georgia but I’m having a hard time finding good property management. Can you help me with either good management referrals or an exit plan? I’d love it if you would just buy them from me.” Doug, Lansing, MI, “What do you look for in a rental house?” Sherry, Las Vegas, NV “I think I heard you talking with someone on a prior show about making raw land cash flow. Can you review what you all discussed?” Jackie, Long Beach, CA “I want rental properties, but not in California. Can you help me find them in other good places across the US?”
Many have expressed that fear is their top barrier to getting active with real estate investing. Part of dealing with fear is understanding the risks and how to mitigate them. Roger breaks down the major risk factors in residential investing and shows you how to deal with those factors. We all need to learn to face our fears and conquer them through action, but this task is made easier when we have engaged in thorough risk mitigation. Below are the news and email items we dealt with on the show. News: https://www.inman.com/2017/12/15/3-ways-investor-friendly-real-estate-agents-make-more-money/ http://blog.sfgate.com/ontheblock/2017/12/15/south-bay-home-with-brightly-lacquered-red-kitchen-listed-for-2-888-million/ https://www.realtor.com/news/trends/most-buzzed-about-real-estate-stories-2017/ https://techfinancials.co.za/2017/12/15/wealthe-coin-democratize-access-global-real-estate-investing/ https://money.usnews.com/investing/news/articles/2017-12-15/harvard-to-outsource-real-estate-investment-to-bain-capital https://www.bloomberg.com/news/articles/2017-12-13/tax-overhaul-could-be-huge-win-for-u-s-real-estate-investors https://www.nytimes.com/2017/12/05/business/economy/tax-bill-real-estate.html https://seekingalpha.com/article/4129717-tax-reform-can-stimulate-real-estate-market-stocks-stand-gain https://slate.com/business/2017/12/housing-markets-worst-hit-by-republican-tax-plan.html Emails: Questions@flippingamericaradio.com Tell us where you’re from! Mike, Homewood, AL “Thanks for a great show. Keep up the good work. I think I want to buy a rental property or two. How do I go about finding them? And what should I be looking for? I have about $120,000 in cash and can buy houses in the outlying areas around Birmingham in the 50-60,000 range.” Leah, Birmingham, AL “I heard you talk about buying foreclosures in Alabama and that you don’t do it. But you also say the foreclosure auction is the #1 source for deals. What are we in Alabama supposed to do?” Jill, Lancaster, PA “You give out so much information about how to do this on the show. I can’t help but wonder what more you tell people in your training. I haven’t been able to get down there for your workshop so far, but please tell me what I’m missing!”
Today we look at several stories that look into 2018 and attempt to predict what the year will be like. Regular listeners to the show will recall that we have predicted that we are not heading for a crash, but a minor correction. For most markets this will be seen as a slowing in the rate of increase of prices. In some coastal regions we are forecasting a slight drop in prices over the next twelve months. Of the larger markets, Atlanta seems to have the most room to continue with rising prices over the next year, but we believe all the markets will be moving toward a more balanced inventory as new construction starts continue to increase and interest rates inch up. By late 2018 or early 2019 we believe the market will once again be balanced. Here are some of the show notes: News: https://www.mpamag.com/news/refi-expectations-drive-improvement-in-real-estate-mark et-outlook-87779.aspx https://www.washingtonpost.com/realestate/how-to-begin-investing-in-real-estate--as-a-landlord/2017/12/13/79753a86-73b2-11e7-8f39-eeb7d3a2d304_story.html?utm_term=.bde77c562b30 https://www.bizjournals.com/southflorida/news/2017/12/15/market-review-real-estate-experts-discuss-outlook.html https://seekingalpha.com/article/4132053-real-estate-5-fab-signals-housing https://money.usnews.com/investing/news/articles/2017-12-15/harvard-to-outsource-real-estate-investment-to-bain-capital https://www.bloomberg.com/news/articles/2017-12-13/tax-overhaul-could-be-huge-win-for-u-s-real-estate-investors https://www.nytimes.com/2017/12/05/business/economy/tax-bill-real-estate.html https://seekingalpha.com/article/4129717-tax-reform-can-stimulate-real-estate-market-stocks-stand-gain https://slate.com/business/2017/12/housing-markets-worst-hit-by-republican-tax-plan.html Emails: Questions@flippingamericaradio.com Tell us where you’re from! Mike, Homewood, AL “Thanks for a great show. Keep up the good work. I think I want to buy a rental property or two. How do I go about finding them? And what should I be looking for? I have about $120,000 in cash and can buy houses in the outlying areas around Birmingham in the 50-60,000 range.” Leah, Birmingham, AL “I heard you talk about buying foreclosures in Alabama and that you don’t do it. But you also say the foreclosure auction is the #1 source for deals. What are we in Alabama supposed to do?” Jill, Lancaster, PA “You give out so much information about how to do this on the show. I can’t help but wonder what more you tell people in your training. I haven’t been able to get down there for your workshop so far, but please tell me what I’m missing!”
Somebody's going to jail! Hear about the latest real estate Ponzi scheme. Other news from around the country and we answer your questions about Private Lending. News: Big New Ponzi Scheme: http://www.valuewalk.com/2017/12/woodbridge-group/ https://www.calcalistech.com/ctech/articles/0,7340,L-3727947,00.html https://www.forbes.com/sites/forbesrealestatecouncil/2017/12/22/the-benefits-and-limits-of-fintech-in-commercial-real-estate/#12d9510333c6 https://simplywall.st/stocks/gb/real-estate/lse-srei/schroder-real-estate-investment-trust-shares/news/should-you-be-tempted-to-buy-schroder-real-estate-investment-trust-limited-lonsrei-because-of-its-pe-ratio/ https://www.forbes.com/sites/forbesrealestatecouncil/2017/12/20/three-need-to-know-secrets-of-investing-in-real-estate/#49f94afa1fbf https://finance.yahoo.com/news/hottest-housing-market-2017-151702815.html https://www.mansionglobal.com/articles/83921-how-the-new-tax-bill-will-impact-major-u-s-real-estate-markets http://www.berkeleyside.com/2017/12/21/job-growth-slows-experts-say-real-estate-market-wont-suffer/ Emails: Questions@flippingamericaradio.com Tell us where you’re from! Harold, Ocala, FL “I’m retired and want to be a passive investor in real estate. My stock broker tells me real estate is too risky, illiquid, and comes with pesky management issues. There has to be a reason people like you are so committed to this, so I’m wondering how you would respond to my broker.” Charles, Tifton, GA “I have a good friend who’s 24 year old son wants to get into flipping houses. Like his dad and me, he works well with his hands and can do a lot of the work himself. I trust him as a person, but I want to know what to look for in the deal he brings me, We are talking about me putting up the money, him doing all the work, and we split the profit.” Esmerelda, Portland, OR “Could we get you to come to our area and do a training? I know of at least 10 people here who listen to your podcast on iHeart radio and would love for you to train us. What would we need to do to get you to do this?” Todd, Sweeny, TX “I heard you talk about small town investing on a previous show. Our small town is a bit different than the previous person. We are not far from Houston and we have quite a bit of opportunity around. My question is this - How would you decide between a good deal just about 20 minutes from the house versus a GREAT deal about an hour away?” Jill, St. Paul, MN “Merry Christmas! I know that banks are conservative, yet they still make a lot of money loaning on houses. So if I’m going to invest in real estate, that’s what I want to do. How do I find worthy projects to lend on and how do I protect myself as a lender?