Podcast appearances and mentions of roger blankenship

Have you ever thought of house flipping as your next investment strategy in real estate? If so, you must listen to this episode with a flipping expert, Roger Blankenship!Roger joins us this week to delve into his recommendations for finding, acquiring, and financing deals, flipping properties more profitable and efficiently, his insights on today's real estate and housing market, and his expertise as an educator in the business! Key Points & Relevant TopicsHow Roger acquires and finances rental propertiesRoger's journey to the educational side of the business Roger's secrets to buying properties and flipping houses more efficientFinding profitable properties for flipping The difference of finding deals in today's real estate marketRoger's advice and recommendations for acquiring and funding dealsInsights on recession, housing market, and the future of real estate Resources & LinksGo to https://flippingamerica.net/deal-funding/ if you want help with funding your dealsCourse: Real Estate Investing Quick StartFree Strategy Call with Roger: https://calendly.com/rogerblankenship/strategy Be part of Roger's community of like-minded investors by visiting https://flippingamerica.net/flipping-america-network/ Visit https://www.vistaprint.com/ for your business cardApartment Syndication Due Diligence Checklist for Passive InvestorAbout Roger BlankenshipRoger Blankenship is the “Flipping America Guy.” He's host of the nationally syndicated real estate show, “Flipping America,” heard coast to coast every week with over a million listeners per month. He's a best-selling author, educator, motivational and inspirational speaker, and business leader. His latest book, “Flipping Houses in Ten Days” was certified an international number one bestseller just four days after launch.  In 2007 Roger founded Whitestone Investments, Inc., a real estate investment company in Atlanta, Georgia. Whitestone specializes in the purchase and resale of single-family residences. Since 2002 Roger and his team have purchased and sold more than 2000 properties across the United States with a value of more than $300 million. Roger is in demand as a speaker and small business consultant. He has led seminars with groups as large as 5000, has guest-lectured at the University of Oslo, briefly served as a College Professor, spoken to thousands of US soldiers across the United States and in five trips to Korea, taught basic Bible stories to public school teachers in Siberia, helped build an orphanage in South Africa and homes for the homeless in Guatemala.  From 2020 to 2023 Roger built a national real estate investment club with more than 18,000 members in 40 chapters nationwide. In 2023 he and his team combined the investors club, online training, and trading platform and rebranded as the Flipping America Network.Get in Touch with RogerWebsite: https://flippingamerica.net/ To Connect With UsPlease visit our website www.bonavestcapital.com and click here to leave a rating and written review!

What if you could invest in real estate without actually owning the properties? And what if you could scale up a business and never deal with repairs, tenants, property managers or contractors? That's coming up on Flipping America. We are talking today about Note Investing and Fred Moscowitz will be joining us in a few minutes. He is an educator and best selling author who has trained countless investors from all walks of life on how to create passive income streams of their own. As a fund manager, Fred manages a mortgage note investment fund and is considered an industry veteran within the note investing arena. Fred teaches the concept that individual investors are able to step into the shoes of the lender, through note investing, and effectively "be the bank". Fred takes pride in collaborating with investors to help them grow and profit in the note space, as well as being a trusted and valued resource in the arena of alternative investments. His new book, titled "The Little Green Book Of Note Investing, has recently launched. You may connect with Fred at https://www.fredmoskowitz.com/ Download Fred's special report on note investing at https://www.giftfromfred.com/ Book: "The Little Green Book Of Note Investing" pick up a copy on Amazon. I read it and he does a nice job of covering all the basics.

If you want to make money on a flip, you must buy at a discount. Many sellers can't afford or don't want to accept a low cash offer for their home. When you understand the possibilities with creative deal structures, you'll be able to present multiple options to sellers and greatly increase your chances of getting a deal done. Wendy Patton is joining us today. At the age of 21, Wendy started investing in real estate. Like most young adults she was single, broke, thinking “Corporate America” was her only future. She graduated from college, was hired for that corporate America “dream job”, but was $20,000 in debt. She found real estate investing and realized that Corporate America wasn't the golden path to what she wanted. When Wendy began investing in real estate, she didn't fully understand her financing options, so she started purchasing real estate investment properties on her credit cards. In her own words: “At that time I didn't know of any better way to invest. I did not have the assistance or availability of coaches and instructors. I wish I knew then what I know now about investing in real estate and creative seller financing. By the time I was in my early twenties, I had more than $200,000 on my credit cards (for my real estate deals)! I then got married, had twins, got divorced and found myself to be a single mother, all within a short time span. Over the next few years I accumulated more properties while working full-time in the corporate world. I needed to make a living, and make it fast to pay off the credit card debt I had accumulated. I came to specialize in creative seller financing techniques like: Lease Options, Subject-Tos, Land Contracts and other seller financing. So why these techniques? Because like many of you, I didn't have the money or the credit I needed to buy in a conventional way. Now, with the lending industry the way that it is, most real estate investors can't buy properties without being creative. These techniques are crucial for today's real estate investor.

The next time you are taking a drive through the countryside, look out at a piece of land and imagine it becoming a place where people live, work, or play, or perhaps all of those. How does that land get transformed into housing, shopping, restaurants, or businesses? A real estate developer did that. I'm about to introduce you to one. Darcy Marler has been a full-time real estate investor for over 23 years. In that time, he has invested in every major residential Real Estate investing strategy – Small, Medium, and Large Land Development projects. He was even instrumental in getting a Horse Track & Casino built in my hometown. He has done something called Land Assembly which we will discuss in a few moments. He's also built 45 new homes. He has done pretty much everything – short and long- term rentals, fFlips, BRRRR, condo conversions, and even changing the use of an existing building. He has written 4 books on Real Estate Investing and created an Online Course on Property Development. In total, he has owned almost 100 individual properties, with 240 units, and close to 1,000 tenants.

Roger Blankenship  is host of the real estate podcast, “Flipping America,” and is often called the “Flipping America Guy.” The Flipping America show has been ranked in the top ten business podcasts in multiple surveys and REIkit has judged it the top real estate investing podcast in each of the past two years.  Roger is an international bestselling author, educator, motivational and inspirational speaker, and business leader. He has personally fixed and flipped more than 2000 houses and has been a part of hundreds more real estate transactions. In 2020 he founded the Flipping America REIA which grew to more than 40 local chapters across the country with over 20,000 members. In 2024, he combined the REIA with a trading and technology platform rebranded as the Flipping America Network. Members easily access online training and coaching and have access to an investment property trading platform. Learn more at flippingamerica.net. Roger has undergraduate degrees in Theology and Speech and graduate degrees in Education and Psychology. (He also minored in music!) It's almost like he couldn't decide what he wanted to be when he grew up. He will tell you this is true. He will also tell you that although he uses some of the things he learned in college, the true value of that education was in learning how to think. That skill is the key to learning business and real estate. Connect with Roger:www.flippingamerica.netTakeawaysReal estate investing can be a viable career path for those with a willingness to learn and take action.Finding deals requires talking to a lot of people and being open to creative strategies.Mindset plays a crucial role in overcoming obstacles and achieving success in real estate.Building a network and learning from experienced investors can accelerate growth and provide valuable insights.Taking the first step and getting involved in a deal is more important than waiting for the perfect conditions.Chapters00:00Introduction and Background01:30Getting Started in Real Estate05:08First Real Estate Deals08:28Transition to Rental Properties09:30Current Real Estate Work11:03Creative Real Estate Deals14:40Flipping America Network19:31Authoring Real Estate Books22:56Factors Holding People Back from Real Estate27:04Mindset and Taking Action34:23Best and Worst Real Estate Deals37:55Tips for Finding Deals40:17Recommended Resources40:45Conclusion and Contact InformationSupport the podcast by making a monthly donation through Patreon. When you contribute, you'll get access to bonus content not available anywhere else. If you enjoyed this episode, you would probably enjoy reading my weekly newsletter. Every Friday, you'll get a behind the scenes look at my investing, including current events in commercial real estate, deals I'm working on, and random personal things going on in my life. It's a super quick read and you can unsubscribe anytime. - Jonathan Subscribe to the newsletter here: www.thesourcecre.com/newsletterEmail Jonathan with comments or suggestions:podcast@thesourcecre.comOr visit the webpage:www.thesourcecre.com*Some or all of the show notes may have been generated using AI tools.

Imagine your boss coming to you for a performance review. She says, “good job, you're doing well. I appreciate your hard work. Now I need you to get out there and keep on doing it. And oh by the way, we are cutting your pay by 50%.” Question: When do you start looking for anther job? Tomorrow? Or immediately? America's real estate agents woke up Friday morning to news that hit them like that. On Friday March 15, 2024 we learned the National Association of Realtors had settled several lawsuits for $418 million. In just a minute I'm going to tell you what it all means to you, both as a consumer and as a real estate investor.

If you invest in real estate, or even if you own your own home long enough, sooner or later you're going to need to do a property rehab. Today I'm going to tell you what you need to know about this vital piece of your investing practice.  We get a lot of questions here and we answer them all - if you ever have a question about real estate or real estate investing, send it to questions at Flipping America dot net. We promise an answer, usually within 24 hours. And we save some of the questions to use in the show. Today we've gathered up some of your questions about the home renovation or rehab process and we are going to answer them for you.  

He wants to change the world. And he's changing the commercial lending world for sure. Amazing online tools and the lowest fees in the industry. That's coming right up. Ira Zlotowitz is the founder of a company called Gparency. The GP stands for General Partner and the “parency” is an allusion to transparency.

Have you ever driven through a business park with street after street of rather non-descript buildings holding all sorts of businesses and wondered, “who owns this real estate?” Today you're going to meet the man who does. Well - he doesn't own them all, but he makes his living owning some of them. The cool thing is - you could be doing this too. Today we will talk about how. While working as a public school teacher, Jonathan began investing in real estate with only a few dollars. Through grit and creative strategies, he flipped single family homes to build a portfolio of small multifamily properties. Now using real estate to fuel his lifestyle of family time and playing in the mountains, Jonathan now invests in larger commercial assets, preferring triple net industrial properties. He enjoys inspiring others, speaking about the freedom that real estate can provide, traveling, and ultra running.

In the end it's all about cash flow. Flipping is a business that requires your time and presence. Landlording comes with its own set of challenges. How about something that provides cash flow from real estate, but is truly mailbox money? Since 2019 I have been buying super inexpensive houses that need a little work and selling them as-is with seller financing. I'm talking about buying for around $10,000 and selling for $40,000. This model was the rationale for forming the Flipping America Buyers Club. By 2022, with no bank foreclosures for 2 years due to the pandemic, inventory was running low and prices were going up, so it was time to re-think the process. Due to the short pay-back schedule on the previous model, the numbers just didn't work any longer. So I began to look at the alternatives. The idea is fairly simple. If I can buy a house at a substantial discount and sell it with financing for close to a retail price with seller financing, my actual return will be higher than the interest rate I'm charging. For example. Let's say you buy a house for $30,000. If you were to sell it for $30,000 and charge 9% interest, your return would be…9%. What if you sold it for $50,000? Your return on that $30,000 investment goes up to around 15%. So I tried a few of these and guess what? It works! And there are buyers out there. Then I found a guy who has been doing this for years - he has even written a book on the subject. His name is Scott Jelinek and today we are going to talk about this fantastic way to make income in real estate.

You've found a deal - now you just need the money. Relax. I'm going to help you with that. Ruben Izgelov went to law school, passed the bar, and a few weeks later realized that wasn't what he really wanted to do. Out of his passion for real estate and finance, he founded of We Lend LLC. In just a few minutes we are going to talk about how he can help you get your deal funded.

I did my first 500 flips without using a penny of my own money. Today our guest is offering to do the same for you. From day one in my real estate career, I had someone else putting up the capital while I did all the work. We split the profit 50/50. This worked great for both sides and the method still works today. It requires the right kind of match because you will be partners in the project, but this one factor could help many of you jump start your career. Adam Zach is joining us in a few moments to talk about how he wants to help you fund your next fix and flip.

Big - like beauty - can be a relative term and is subject to the opinion of the beholder. Today we are going to discuss the big real estate stories of 2023 - at least according to me. I've been out for a bit on personal leave and for the holidays. But I'm back and Flipping America is back for 2024. Excited to be here and happy to help you in any way I can in your real estate investing journey.

From millionaire before 30 to homeless & living on drugs, he reinvented himself by discovering that real success isn't just about the hustle – it's about the connections you create. And today Grant Muller is going to tell you his story. Are you looking for a way to grow your business but tired of using “sales techniques?” Feeling a little burned out? Today's show is for you. Let's dive right in.

He and his wife started out their marriage by flipping a house and using that money to buy a dive bar 12 years ago. They remodeled the restaurant and turned it into a thriving pizza shop and craft beer bar. Then they began buying more real estate and now have 7 Airbnbs, long term single family home rentals, commercial space and are about to build a laundromat. His name is Dan Templin and he believes you can do something like this too. He's going to join me shortly and talk about how he did it and why he believes nearly anyone can duplicate his success.

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Roger Blankenship has personally fixed and flipped more than 1700 houses and bought and sold over $50 million dollars' worth of single-family homes. Roger is also the host of the real estate podcast, “Flipping America,” which has been ranked as a top ten business podcast and nationally syndicated radio show. Learn More About Roger Here: Flipping America - https://flippingamerica.net/   Connect with the Global Investors Show, Charles Carillo and Harborside Partners: ◾ Setup a FREE 30 Minute Strategy Call with Charles: http://ScheduleCharles.com ◾ FREE Passive Investing Guide: http://www.HSPguide.com ◾ Join Our Weekly Email Newsletter: http://www.HSPsignup.com ◾ Passively Invest in Real Estate: http://www.InvestHSP.com ◾ Global Investors Web Page: http://GlobalInvestorsPodcast.com/    

You can flip properties without doing any remodeling. In fact - you can flip properties that have no structure on them. No Tenants, Termites or Toilets. Today I'm going to explore land investing with Dan Haberkost. Dan Haberkost, CEO of Front Range Land, started his real estate investing journey at the age of 16. Dan has managed to build an impressive real estate business & portfolio that allows him the freedom to live & work where he wants well within his 20s. This guy is educated, bright, motivated, and articulate. Be sure to hang around for our talk about market efficiencies. Real estate is an “inefficient investment” which is a GOOD thing for us.

Do you know what you need to be looking for when evaluating a passive income opportunity? Today we will hear about some dangers to avoid. Stewart Heath is the Founder and CEO of Harvard Grace Capital, a private equity real estate investment firm that helps people build wealth faster through hands-off real estate investing that generates passive income, reduces risks, and maximizes tax efficiencies. He has raised millions of dollars through two real estate syndications, with a team of successful entrepreneurs with 150+ years of combined expertise in business management and commercial real estate investing running the business. By investing in commercial real estate assets (office, retail, self-storage, etc.) that are well-located between Nashville, Tennessee, and Huntsville in Alabama, they're able to offer their investors 15%+ ROI. In a few minutes we are going to talk about investing in office space, small towns, and what to consider when evaluating these opportunities.

Flipping houses can be a great way to make money, but only a handful of people are truly successful at it. There's a lot you need to know and there are many ways to make costly mistakes. Roger Blankenship, Founder of FlippingAmerica.net, has successfully flipped over 1500 homes, but lost it all back in 2014 by expanding too fast, overextending himself, and having the wrong employees. Roger's goal is to prevent others from making some of the same mistakes he made and to provide extremely valuable education on house flipping at an extremely reasonable price for new people getting into the business.

He was a hospital CEO at 26 years old. Then he walked away for something he thought was better. What? Yep. We will speak with Mason McDonald in just a few moments. Mason has a Master of Science in Healthcare Administration from Trinity University and Bachelor of Science in Neuroscience from Baylor University. He was a hospital CEO at 26 but left that corporate career to pursue his passion for real estate investing, where he discovered a keen interest in land flipping. Having successfully managed large hospitals and utilizing his expert knowledge in process improvement, He approached his real estate investing with an executive hat which allowed him to experience enormous growth. He has spent many hours automating his land flipping business to make it as efficient as possible, and now he is dedicated to sharing his knowledge with others, while still growing his personal land business to new heights. Through coaching services and consulting with land businesses, he is here to help you start and scale your own successful real estate business. We are going to speak with him today and find out how you can get started.

He's a developer and home builder by day and a SuperHero by design. You'll meet him in a minute. Ace Hagerty is a structural engineer in Nashville, TN who is now buying raw land and building new homes and building new AirBnB rental units. He experienced a life-changing event on a men's retreat and has a challenge for you today. He's written a book about it, called “SuperHero By Design.” We are going to unpack some of it and tell you how you can get a copy.

In my way of thinking, perhaps the best thing you can do for a living is to make a living while also making things better for others. This often happens for us as real estate investors, providing real solutions to deep problems. This is illustrated perfectly today in my conversation with Phillip Vincent. Phillip Vincent is a Senior Transition Specialist and right away some of you are thinking, “what does that have to do with real estate investing?” Just hang in there and you'll see. Phillip provides a range of services for seniors and their adult children who are adjusting to the necessity of moving into assisted living. One of their many services often includes buying the senior's house.

When I saw the title, “World's Greatest Real Estate Deal Analysis Spreadsheet” I was immediately intrigued. I happen to think mine is pretty good. Then I downloaded and looked it over. And wow. I might just have to agree. So I found the guy who wrote it and I'm going to talk to him today. James Orr is a real estate investor and broker who resides in Loveland, Colorado. He has been married to Tammy for 27 years and has two grown children, JC and Tim. He has created several thinking tools for real estate investors and designed The World's Greatest Real Estate Deal Analysis Spreadsheet™ (a free download). Since 2017, James has been developing the Real Estate Financial Planner™ software. This software models various real estate investing strategies and compares their performance in terms of speed to financial independence, net worth, and various risk measurements. James has modeled a variety of real estate investing strategies for over 300 US cities. He creates lessons daily and posts them on his Substack feed and in a few minutes I'll tell you exactly how to find him online. Because you're going to want to. I found him on Substack and knew right away I had to track him down and get him on this show.

Life is full of choices. One of them is to make enough in real estate investing to quit your day job, let your wife quit her day job, live off of the passive income and travel somewhere monthly. Yes my friends, that IS one of your possible choices. My guest today, Jesse LeBlanc did just that. And we are going to talk about it in just a couple of minutes. Jesse is the founder of Wholesalers Transactional Funding, Exigo Management & Wholesalers KPI. He's been a full time Real Estate Investor. Before that he was a Police Officer for DeKalb County in the Atlanta area. And before that he was what he calls a Corporate Dropout as a Marketing Analyst and a Financial Analyst. He retired his wife from her W2 jobs at the start of 2022, giving them time to travel at least once a month while Jesse continues building his rental portfolio and doing Transactional Lending. He focuses more of his time these days on Transactional Lending for wholesalers who need lending for their double closings. He lends to wholesalers nationwide. He also has referrals for private lenders if the wholesaler is looking to "wholetail" a deal vs double close. You can choose a job where the most challenging thing you'll have to do all day is calculate how much change to give a person when the cash register breaks down. Or you can choose to work 60-70 hours a week for a chance to be recognized in a big corporation and maybe get ahead. Or you can choose - well virtually anything if you live in the USA. But you can ALSO choose to pursue a well established course to financial freedom and live the life that most people only dream of. This life is possible for every person listening to my voice. It's NOT possible for every person - some just don't have what it takes. But if you are motivated enough to listen to this and smart enough to find it, you have what it takes. Listen to my conversation with this amazing friend and know that you can do it too.

Our guest today is living proof that you can invest in real estate as a side hustle without ever giving up your day job. David holds a Bachelors degree in Finance and a Master's in Business Administration from Liberty University and is a veteran of the Army National Guard. David has personally invested in real estate since 2015 and now owns and manages a multi-million-dollar real estate portfolio. He primarily focuses on deal analysis to ensure all deals are smart, safe, and sound investments.He says his success is due to buying highly discounted properties and adding value to these properties through forced appreciation. He's married to Hanna, and have been together since high school in 2007. Together they have 3 children and currently reside in Chesterfield, Virginia.

It's a bit of a milestone today - this is episode 600 of the Flipping America show. For this episode I'm bringing back John Durham who first appeared on Episode 3. John is one of the top realtors in Atlanta and has sold something more than 400 houses for me over the years. Along the way we have become good friends and I've had the privilege of watching his real estate career take off. John Durham is the type of guy who was just going to succeed at whatever he chose to do. He has a keen intellect, a knack for authentic salesmanship, a winsome personality, and a keen insight into people. He has a way of making everyone in the room comfortable. Just one of those cool guys we all want to hang with. It's truly an honor to call him a friend.

Can you do more than one thing? Of course you can, even if you are a man! My guest today is a true entrepreneur - with a technology company, multiple real estate investments, and his own podcast. In just a few minutes, you will meet Matt Shields and I think you'll want to hear his story. Matt has always had a passion for innovation and transformation. Over the past 14+ years, he's been on a one-man quest to revolutionize the way businesses operate by implementing cutting- edge software solutions and digital transformation processes. This led to the creation of Virtus Technology - a company dedicated to helping businesses grow and thrive through innovative technology and expert guidance. With his expertise, Matt has been able to help countless businesses increase their impact and streamline their operations. He's worked with tech startups, mom-and-pop shops, healthcare providers, and real estate moguls - and he's always focused on making a positive impact on the lives of their employees, customers, and stakeholders. But Matt's vision and passion go beyond just helping businesses. He's also a multi-faceted entrepreneur with a big vision for helping people. Through his multifamily real estate investing business and various mastermind event programs, he's bringing together like-minded individuals who share his vision and passion for making a difference. Whether you're a business owner looking to increase your impact, an investor with a desire to make a difference, or someone looking to learn from an expert in digital transformation processes, Matt Shields is the partner you need. With his knowledge, experience, and passion, he can help you transform your business and make a lasting impact on the world.

When you make more than one offer to a seller you increase your chances of getting one accepted. Today we are talking about the triple offer. In 2016, David Pupo left the corporate world, saved 3 months of expenses and bet on himself to pursue his passion for entrepreneurship and real estate. He and his team have sold over 300 properties while simultaneously building a portfolio of rentals. But this was not accomplished without adversity caused by inexperience and poor decisions made along the way. David is passionate about continued education and creating solutions. This allows him to help other investors avoid rookie mistakes and accelerate their success toward creating an efficient and profitable business.

Never trust the Zestimate. But maybe trust the Canary. The House Canary. Could we finally be getting automated valuations that we can trust? Let's find out, today on Flipping America. People will sometimes ask me for my top 3 or 5 pieces of advice on becoming a real estate investor. Somewhere in the top 5 is this one crucial piece of advice. “Never trust the Zestimate.” But after today, it might also include, “Do trust the Canary…” Is there an Automated Valuation Model that works? Let's find out - today on Flipping America. Brandon Lwowski from House Canary joins us today to talk about their AVM, what sets it apart, and what makes their valuations something we can rely on.

Today we feature one of the great rags to riches stories in real estate. My guest today lived in poverty with his mom but watched his neighbors buy rentals and lift themselves up. In his late teens he bought his first property and never looked back. Lou Brown is one of the best known names in real estate investing. Shortly after this show launched in 2017 I heard Lou speak at a convention in Miami. As he spoke about providing affordable housing, lifting people out of poverty and into home ownership, I heard more than his words. I heard his heart. I said to myself, “someday I'm going to have him on my show.” That day is today my friends. Lou is a bestselling author of Buy, Hold and Sell Book, speaker, and philanthropist with students in all 50 states and many foreign countries whose nickname is the ‘King of Cash flow.'

Double digit returns on your money……. Now that I have your attention, we have a guest on the show today who says he can show you how to do that. Rick Howell joins us today on Flipping America. Rick has a background in the construction trades. He joined one of the national real estate investing coaching programs and later became a coach for them. Now he's got his own coaching program and you can get more information about Rick by following him on social media, @rickhowellrei.

This is the story of Roger Blankenship an experienced and highly successful house flipper turned educator, we take you on a  journey through the world of real estate entrepreneurship. Roger shares invaluable insights, proven strategies, and real-life stories of triumphs and challenges from his own remarkable career. With a passion for teaching and a knack for breaking down complex concepts into actionable steps, he empowers aspiring house flippers with the knowledge and tools they need to succeed. Whether you're a novice investor looking to dip your toes into the world of house flipping or an experienced pro seeking fresh perspectives and advanced techniques, this episode is a go-to resource. We discover how to avoid common pitfalls and learn from Roger's own failures and triumphs, gaining a competitive edge in the dynamic world of house flipping. Awareness Plug / Links and Resources: Flipping America Podcast with Roger Blankenship https://podcasts.apple.com/us/podcast/flipping-america/id1449888255 Personal LinkedIn https://www.linkedin.com/in/rogerblankenship I made some ribs recently and I get asked this all the time for my rib recipe, so I figured I would go ahead and share it here.  Basically, all I do is smear. Yellow mustard all over the ribs. You tried to trim up the ribs, ribs a little bit. You know, think of the ribs as needing to be aerodynamic so that the smoke flows over those ribs. So trim them up a little bit. And then yellow mustard. And then I do a mixture of, uh, two parts, pepper. Uh, it's a black crushed pepper, and I, I crush up my own, uh, fresh pepper. Uh, and then the third part is salt. Uh, you. Push, uh, uh, sprinkle that all over the top, give it a good coating, and then go ahead and place that on the smoker. Uh, and then once an hour, I will spray it with apple cider vinegar. And then, um, about three hours. So, so every, every hour you're spraying these things. And then in about three hours or so, go ahead and wrap them in foil. When you wrap them in foil. Um, take your favorite barbecue sauce and dilute it with. Apple cider vinegar and then spray that on top. And what ends up happening is that bubbles and creates this great, wonderful. Uh, um, you know, juice inside of the foil. So you hook that for maybe about another two hours or so on the grill, on the smoker. Uh, and what I like to do is I like to smoke them with hickory wood, so that's pretty well about it. These ribs are gonna be fall off the bone tender. Uh, so, so good. They create a great juice, a great, uh, a great sauce right inside of there. Uh, you don't even need barbecue sauce with them. Hope you enjoy.  On invest in square feet, we unlock the secrets of wealthy entrepreneurship. I'm Matt Shields and my mission is to help business owners just like you, protect your wealth so that you can invest passively into multi-family real estate. Today we're going to be talking to Roger Blankenship, who has a long history of real estate investment. Roger also hosts a very, very popular podcast called Flipping America on Flipping Real Estate. The one thing that I learned from this episode that I think is really interesting is Rogers. Thoughts on entrepreneurial success and what it takes to be able to get there. So we are gonna get right into things and start learning from Roger.  I. Did pretty well as an investor for many years. And, uh, then I know this, you're gonna find this hard to believe. I got cocky and I, uh, felt I was feeling bulletproof. Everything we had done had worked out well, and so I decided, uh, I either gotta decided to retire or go large and we decided to go large and I went out and got a big line of credit and I started buying properties all over the southeast. Long story short, bad hiring decisions and uh, mainly it was just bad hiring decisions. We followed a thoughtful process that I got from my coach, but uh, that business imploded and we lost everything 2014, not in the crash, years after the crash, we made all of our money during the crash years. And then while I was trying to pick up the pieces and start all over again and rebuild confidence and so forth and try, try to figure out what went wrong and uh, and so forth. I was on another small business talk radio show. And, um, you know, my background is I've been an educator and a public speaker and, um, I only got into real estate out of sheer desperation and a lack of communicable job skills. But, um, So I did this interview with this guy on his show and afterwards he said, you know what, man? You ought to have your own show. I said, nah, nah, nah, I'm not understood. He kept on bugging me for three months straight and finally he convinced me and um, we decided to call it Show Flipping America. And um, the first show we did, Had 2000 listeners, and then by the end of the first month we had 20,000. And, you know, just a few months ago, we had in, in, uh, January of 23, we had 1.2 million. Wow. And so without any intent on my part, it's sort of become the tail that wags the dog. Um, And how do, how has that affected the investing? Well, it's giving me contacts around the country that I wouldn't have had before. And you know, the other thing too, Matt, I. I have had the opportunity to talk to so many people. We're in the 600 s now on episodes, and I've talked to so many brilliant people with great ideas. And, uh, you know, I've sat here during interviews just taking notes, writing it all down, and transferring that to my computer and putting it in my brain. And, and I've learned so much from the people that have come into the show and I've. I've been privileged to meet some of the top players in the industry and, and watch what they have done to build businesses without that massive failure in the middle of it, you know? Mm-hmm. And, um, uh, I even got to interview Tillman for tida, the owner of the Houston Rockets, who is a, uh, billionaire casino owner and so forth. And, uh, The, that interview didn't go the way he expected because I wanted to talk to him about business failures. I was still trying to figure out my own life. But, um, these conversations have brought a whole nother level of education to me and opportunity, um, as the word get got around, you know, people started coming to me with opportunities and some of the things I'm into with the auction houses, and now we have bought properties in 28 states. Wow. And, um, uh, it's been, it's been a pretty wild ride. And yeah, the, the story's not over flipping America. We've got some big things on the near horizon. That's, that's  amazing. That's amazing. Um, so I, I, I wanna go back to so many different things. I, I, let's go back to the failure of, of the business in 2014, and you said that it was basically attributed to hiring mistakes. Right. Yeah. Do you, was there, was it hiring, the hiring unscrupulous people where they were stealing from you? Or was it, you know, you didn't have the right, no. Leadership that was going in place. What, what do you  attribute that to? Uh, good people in the wrong seats. Um, mainly, and, uh, I'm not gonna say his name, but, um, the, the contractor who had worked for me almost exclusively for the previous, I guess. Four or five years. Uh, we made the decision to expand in 20, in 2012, late 20 11, 20 12. But the guy that had worked for me, he had rehabbed, uh, something between 350 and 400 houses for me. And we had been thick as these, doing a hundred houses a year. Um, between him and uh, some of the houses I could run myself with just subs. Um, And we had become very good friends. Uh, I, and when we, when he did his, when he completed his three on his rehab, we kind of stopped counting, but I gave him a motorcycle as a thank you. And, um, and all this to say he had become a good friend. Mm-hmm. And when I decided to expand, I made, and, and he's the same age I am. None of us are getting younger, but, uh, we're getting up there. I said, look, man, why don't you come and be our project manager? We're gonna be hiring contractors in Metro Atlanta, in Macon, Savannah, Augusta. And as we branch out into other, uh, States, I need somebody to run point and, and hire those contractors. And he said, man, I'd love to. I'm tired of crawling around on my knees and crawl spaces in the mud and getting up on roofs. He said, I never wanna do that again. I said, okay. Turns out he wasn't very good at it. In fact, he was not. That's, that's putting it mildly. He didn't hire good people. He didn't have a a, you know, he himself was a good person, but he, he didn't have a sense of what a crooked contractor looked like, and he hired a bunch of crooks and then he didn't run 'em well. We had a few good people that he just drove crazy because, He had his opinion about how things ought to be done. It differed from theirs and, um, no conflict management. Um, no real sense of project management. Uh, he could manage his own, but he could not supervise 20, and it was a disaster. I waited too long. We were bleeding cash. Uh, to the tune of about a hundred thousand a month in interest spans on this big line of credit. Mm-hmm. And when I finally set him down, are you familiar with the Peter principal? Peter Peter Drucker, business management leader. Uh, the principle is everyone rises to their own level of incompetence. You see this in organizations. People do well, they get promoted, do well, they get promoted, they finally get to a level where they don't do so well. Well, unfortunately what companies do is they get rid of 'em. What they really should do is move 'em back down to where they were doing well. So that's what I tried to do with this guy and, uh, wanted to just put him back in charge of one or two projects like we used to do. And he steadfastly refused. He said, I'm never doing that again. He got mad. Stormed outta my office, quit and holds a grudge. I didn't know he could hold a grudge like this, but it's been 10 years. He still won't talk to me. Wow. And uh, of course what he's doing now is exactly what he said he never wanted to do again. But that's a different story. Um, in the meantime, we are hurting. And for the first time in my career, we're losing money on projects. Loans are expiring with no end in sight for the rehab work because it's been sitting there and this is all very difficult and it was really all due to one hiring decision. One one really bad hiring decision in extremely critical position. Mm-hmm. What, and  what, what would be different today have, how do, have you changed how you look at people or interview people or place people today? Any, any thoughts of what you've learned since  then? Well, yeah. Um, I've taken some time to reflect on those lessons, but probably the most helpful thing that I've read on the subject is, um, in the book Traction, getting A Grip On Your Life by Gino Wickman. He talks about getting the right people in the right places and, um, . , I, I sat down and made a list of questions and, you know, he talked about, uh, hiring good people who are good at what they do and who also have the capacity to do what you need. And so I developed a, a long list of questions that I've used in hiring, and it's been sort of my guide ever since. Yeah. Yeah. It's, it's amazing when you start to put those types of repeat, um, processes, not really the right term, but you know, you, you keep doing the same thing. You putting the same people or putting people through the same process. It's amazing how you'll be able to start seeing like, what bubbles up to the top and Yeah. That one is, that person is so much more different than anyone else. Yeah. Who we've, who've hi hired for that position or  interviewed for that position. Yeah. And, you know, I knew some of the, I I had known this gentleman long enough that I knew some of his personality shortcomings, but I, I, I willfully blinded myself to them and put 'em in a position of responsibility that I put him in a position to fail. And so that in the final analysis of the whole thing, I developed what I now call the, we call it the Flipping America Pledge. And we say this at all of my live events. And it starts off by saying, when I look in the mirror, I see the reason, the cause of my successes and the reason for my failures. And it goes on from there. It's a little meditation I wrote for myself. Um, you know, when things go well, it's because I chose well and led well. When things don't go well, it's because I didn't choose well and I didn't lead well. I am the reason. It's a matter of taking personal responsibility. That's a hard thing to swallow. Um,  out of curiosity, have you read, um, extreme Ownership by Jocko Willick? No, I haven't. Oh, that's, that's a great book.  It's all about, he, he tells it from the perspective of Iraq, Iran. He was, I don't remember exactly what, what he was. Sergeant, well, well up there, captain. I'm not quite sure what his rank was, but he basically came to the exact same conclusion that you just mentioned, that everything comes back to me and I need to take extreme ownership. There was, you know, our teams had friendly fire. That was because I. You know, screwed something up. I screwed up the navigation, the comms went down. Just really, really interesting. And he applies it to business perspective, uh, to AA business perspective. And then gives, you know, CEOs that same type of mentality where I. Something's not going right. It's because it's because of you. It's not because that person screwed up, it's because you weren't giving, you know, direction well enough for clear enough direction or, you know, yeah. All of that. So really, really, really interesting, really, really interesting book. Yeah. Um, so you, you had amazing. Attraction with your podcast pretty well right off of the bat, and I know, I personally believe that a podcast is something that pretty well every business owner should have. I mean, I, I, I completely resonate with everything that you said that you are getting from your podcast. Um, how, how, what do you attribute the success so quickly? Two. How, how did you generate such a following so many listeners? So quickly, was it just the, the name, do you feel that resonated with people or,  Hmm, I don't know. The, what were your thoughts there? The name was a happy accident. I had, I had, uh, kind of fallen into leading a, a meetup group here in Atlanta called Flipping Atlanta, and I didn't even really wanna do that, but the leader disappeared and I didn't wanna let the group fail. Just fall apart. So I was leading this group and then when I got, I agreed to do the show, I had to have a name. So I thought, ah, well, it's called Flipping America. And that's all the thought they're winning in that. No market research, no testing or anything like that. Wow. Um, But, uh, it turns out it's a pretty good name. I do have to clarify on the show we're not, you know, although, uh, we do talk about flipping houses, we talk about a lot more on the show besides flipping houses, we talk about any way that you can make money in real estate and, you know, I think that, um, you know, when we started this show, at first it was also in radio syndication. And I think that that syn indicator did a lot to help. And I also believe there was a matter of the timing. You know, we start, we launched a show in 2017. There weren't that many real estate shows out there then. Um, it, you know, it seems like everybody I talk to now has their own real estate podcast. Well, that's great. There's plenty of room for everybody. Um, do you know, the other thing is, and I don't want to alienate, alienate half of your audience, but I realize what I'm about to say might do that. I heard Rush Limbal say one time, and that that name right there is going to, that's alienating already. Yeah. Just one bunch of people just turned it off. But he said one time my goal was to take something as boring and mundane as politics and make it as entertaining as possible. And I thought, oh, there we go. Okay. So, you know, I, I have engaged in a little bit of wishful comparison. Why can't I have as many listeners as you know, that sports podcast over there? Who, who's got all these? Well, real estate doesn't have the same appeal. It's a, it, this is a niche thing, so, all right. I, it is not that I'm trapped into it, I enjoy doing it, but while I'm here, and this is kind of what's been put in front of me to do, I'm gonna take real estate and real estate investing and I'm gonna make it as entertaining as I possibly can. And that incu includes appropriate humor and, uh, poking fun at some of the silliness. And so that's what we do.  I love it. , so on on our show, we like to say that we unlock the secrets of wealthy entrepreneurship. Any, any, anything come to mind when I say that?   I think that the secret to successful entrepreneurship is not passion. It is not creativity. You know, I've met people who are passionate about, uh, degenerate sex acts that's not gonna, you know, are passionate about, uh, shoplifting. You know, it's not passion and it's not creativity. Um, the real secret of entrepreneurial success is meeting a felt need. And a consistent pattern of good decisions till it becomes habits. Uh, if you have good habits, and you and I I, one of the things that I say is consistent persistency, you have to be persistent and you have to be consistent in your persistency. And what you need to be consistently persistent in is good decision making. And if you're, if you're combining that with something that is a proven money-making path, you're going to be okay. Um, this is a little bit of a surprise and Matt, it may take you by surprise. I am not particularly passionate about real estate. Mm-hmm. For me, it is a means to an end. And if I find a better, more sure means to my end, then you won't hear me talking about real estate anymore. But I've been looking for a long time and I haven't found it. So here we are. Mm-hmm.  Mm-hmm. Yeah, so, so, so it, it's great that you have that type of perspective, you know, as well, where you recognize, cause I, I feel like that's, again, another one of those traits that a lot of people will say, you know, this is my industry and I love it, and I'm so passionate about it. And it's, it's interesting that you have that perspective where you're willing to admit that, you know, it's not what I'm passionate about, it's not what I, you know, live for. Um, and, and you're open to those other, those other options, those other avenues. Uh, any you wanna know what I'm passionate about? We, I was just gonna ask Yeah. What,  yes, I'm, first of all, I'm passionate about my wife and family. Um, and I know that sounds like a cliche, but, uh, Diana is. The best thing that happened to me since Jesus and I am, I am so in awe of her and creating the life with her is why I do everything that I do. Because I want to give her the life that I think that she deserves and, and wants. And, uh, I want to be everything that she hopes that I am or believes that I am. Um, The other, I guess the other passion, the other thing that drives me is making the world a better place. I enjoy talking to people. I enjoy helping people. Uh, I enjoy real estate. I, I like the process of it fine, but, uh, what I really like is making a positive difference in the world. And. We all spend a pretty good amount of time trying to figure out our place and that whole thing. Um, I've been put into a position where I can train other people in this industry so I can, you know, I teach people how to flip houses and to acquire rental properties and to build a real estate fortune, but that's not an end in itself. Most of the people that I teach. Want to have disposable income because they have a foundation or a charity or a church or some pet project in mind that they think is gonna make the world a better place. So it has become, this is something I'm passionate about. I want to help a a thousand people become real estate millionaires before I quit. The reason for that is, 990 of those people will end up giving money to a charity or a cause that they believe in. And, um, that will, you know, in, in small ways, make the world a better place. So if I can have a part in 900 or 990 other people making the world a better place,  Yeah. Yeah, yeah, yeah. It's, it's that ripple  effect or that's what, that's what gets me up, and that's what, that's what cranks my engine every day.  Yeah. Are you familiar with, with the, uh, butterfly Effect? Have you heard of that? Yeah. Before, yeah. Yeah. Very, very applicable there. I love that. I love that. Um, so you mentioned before too that there's some, some big things coming up, uh, on the show. Uh, anything that you can share right now of, of, you know, some of the, some of the things that you have percolating.  Uh, yeah. Yeah. There's a couple things that I can't share about what we're, what we're gonna be doing, what we're working on to expand our audience even more. I can't talk about that one, but I can tell you this. Um, I have an interest in, in, of course in helping real estate investors. And so we have been working on a trading platform. We're calling it The Flipping America Network, or the fan for short. And um, you know, you're familiar with wholesalers, right? Sure. All right, so wholesalers, they have two jobs. They have to find deals and they also have to build a buyer's list. And as a cash buyer, which is where I really came into it, uh, on the buying side, I would network with wholesalers as a part of my, you know, lead generation. And, um, frankly, is a lot easier deal with a wholesaler than it is to try to create your own leads direct to the seller. That's a different story anyway. Um, When I, from the first day that I started this show, I had to dream of creating this platform, and it's about to become a reality. I mean, we're literally just less than two months away from, uh, usability testing and then, uh, a release in the south. And then, um, uh, in fact, the call I was on right before this we're staggering the release and pinpointing areas, so we make sure that we're fully operational and supporting. But here's the idea. If you're a cash buyer and you're looking for real estate properties, you go create a free profile at the fan and uh, just tell us the zip codes where you wanna buy. Then you download the app on your phone and sign in and so forth. Now you can look on the platform for properties. You could search all the search functionality will be there, or you can just wait then if you're a wholesaler. Or it just somebody who owns a property and you wanna sell it it. It could be an owner or wholesaler. Use the app on your phone. Take the pictures of the property, fill out the information, and click submit. As soon as you hit submit, every cash buyer that's indicated an interest in that zip code is gonna get a text message that says, look what, just hit the fan. Mm-hmm. No, that's awesome. They can click on it. Yeah, that's my wife's favorite part. They can click on it, they can look at the property. There's a chat function built into the app, so you can talk directly with the seller or wholesaler, and if you agree on terms, you can go to contract right from your phone. DocuSign is integrated into the whole thing, and you go to contract, and when you go to contract, then the buyer. Will pay a $250 technology fee to the platform. The seller never pays anything. Wow. Wow. And, um, we think it's going to really change the way, uh, investment property gets bought in solds definitely gonna impact it anyway. Mm-hmm. Um, There will, in future versions, um, there will be a platform for, uh, vendors, people who sell products and services to investors, you know, home inspection, title companies. The whole range of products and so forth will be available on the platform. But, um, the buyer and seller piece is about ready for release. We're in the final stages now and, uh, we'll, we'll have a, um, Kind of a soft rollout, probably by late summer. That's  incredible. So, yeah. And have you, have you built any software before in the past, or is this the first foray into that industry? That realm?  Um, What I've done in the past, I don't know if you quite counted, I hired a couple of guys to take, years ago I invented something that we now call the Flipping America property grade. Um, you basically, you put in your details about a property and ranked the property with some intangible things like the difficulty of rehab and, and, uh, the quality of the neighborhood or the heat of the market and that sort of thing. Um, things that are not easily quantifiable. And then I, I wrote an algorithm that allowed that to come up with a numerical raw score. And then I used the range function in Excel to give it a letter grade. So we took that and, and. Train turned it into an app, but that was just a very low end, cost me 800 bucks. Mm-hmm. And, uh, we gave it away the Flipping America property grade app. Um, but it cost me about a hundred dollars per platform. Google in Apple to keep on updating the app every year with the new compliance standards for privacy and blah, blah, blah, blah, blah. And you know, I just got tired of spending that money on something I was just giving away. So. But this is a whole different animal. This, yeah, this thing is extremely detailed. I mean, it's quarter of a million dollars in development so far. That's, that's amazing. Amazing. Um, but what I did was I partnered with a, um, a guy who, this is what he does. He has a technology company that builds these things, and now we have become close enough friends that when we get this deal done, I'm, I'm buying his company. Oh,  interesting, interesting. Yeah. So, so you have, you have intentions of being more involved in, uh, technology and being involved in  that industry? Yeah, yeah, yeah. We've got more apps in the works. Um, one of them, uh, is, it's tentatively titled Flipping America Go. We've already kind of, uh, tried to partner with another provider on that. Uh, it's not working out so far, but, uh, here's, here's the dream of it. You type in an address and it goes out with an API call and pulls up all the information about that address, and then uses a, an automated valuation model from one of the providers. And we're considering a few different people there. And to give you, uh, comps and like a comparable value of the property. And for single family, it's just an arv, you know? Um, And then, but the, the, uh, the, the brilliance of this is when you register, we're going to look at several possible exit outcomes for a property, whether you want mm-hmm. Buy and hold, whether you want to buy and flip, whether you want to, uh, lease it, uh, or seller financing options, that, that sort of thing. And in there you describe. To the platform, there's some default choices made, but you describe what you consider a good deal. Like I want a 30% gross margin on flips. Some people will operate on a 20. Okay, whatever you like, put it in there. And then you get your rate and term from your favorite lender for whether it's a buy and hold or whether it's flip, and you put the rate and turn information so it's already in there. So all of these things can be calculated and the the loan, constant debt service coverage ratio and all these things can be automatically calculated behind the scenes. You just put in the information about the property and if you wanna hold it, what you, uh, plan to rent it for. And this thing spits out little meters, you know, red, yellow, green mm-hmm. Um, or some sort of indicators telling you whether it's a good deal for each of your exit strategies. Mm-hmm. And of course the tagline's gonna be, see it gonna be when you see a green light. Go.    It's a deal analyzer, but it's built into an app.  Yeah. Um, and, and, and I I love that it, it pulls in, you know, real data, real information from wherever the location is that you're, you know, that you're focused in on. Yeah.  So that's, but before that, uh, and probably before the fan gets released, uh, I've been working on something now for, uh, the better part of a year. You know, I have the coaching program and we put people in a room for, for four days and we overwhelm them with information that they're not going to remember, and they still need guidance out there. And after a while we realized, you know what? We're just wasting all of our time spending four days here. You're not gonna remember this. And, um, and they're even saying, I'm not gonna remember this. I tuned out yesterday. I, my brain is full. I can't take anymore. So I started years ago creating online courses and, um, We haven't tried very hard to sell the online courses separately. They were really designed to supplement the coaching program, but when the pandemic came, we sort of stopped doing the live events and coaching and just went to online courses and, um, you know, mixed results. Okay. Best I can say. One of the consistent things you'll hear if you listen to my show is I'm pretty hard on the hotel room gurus. Mm-hmm. Um, I don't think anybody should spend 50 or $80,000 learn how to flip houses. They're only charging you that because they can get away with it. Um, and, and I don't even care if somebody charges $50,000. What I care about is they, they show you how you can borrow from your 401k or increase your credit limits on your credit card so you can pay, and then. Be hammered with interest rates or repayment obligations and, and you're basically stealing from your own future. They'll take people who have no business, not an entrepreneurial bone in their body, they'll borrow from their 401k to set up a really, uh, this business that they are in no way mentally and psychologically equipped to run for the long term, and they're ruining people's lives. That bothers me. Mm-hmm. So, Of course alternative. Why spend 50 grand when you can get started for 50 bucks? Uh, we're launching, uh, scheduled launches in mid-July. I don't know when the show's gonna air, but, um, mid-July, we're launching the Flipping America Academy and you can join for 50 bucks a month. And in our inaugural launch period, which will probably take the rest of this year, um, when you join, you get all the benefits of the next level of coaching, which is 250 bucks a month, or the next level is called the coaching level. Um, so. You get, um, Well, there's a weekly newsletter. You get a search tool that allows you to search all the archives of the Flipping America Show, 600 plus episodes. Um, you get a discount at Home Depot, but also you get access to all nine of our current online courses and the others as they come online. Um, and we give you a roadmap to tell you which order to take the courses in and which ones you can skip depending on where you are. Some people don't need to go from A to Z, some people just need to start at E A D and go to Z. Um, And so with all of that, combined with a weekly coaching group coaching experience, um, you can learn what you need to about real estate investing for 50 bucks a month. Yeah, that's fantastic. And again, it goes back to why you're doing all of this, to be able to create those thousand millionaires. Yeah. You in the industry to create your, create your ripple. I love it. Yeah. I love it. If people wanna learn more about you, we, we've mentioned flipping America many, many times. Are there any other resources or any other things that you would suggest to go and check out, to be able to contact you or again, learn more?  Well, flipping america.net is the website. That's pretty easy to find. Um, You know, you, you could always go to Amazon and get my book house flipping, flipping houses in 10 days and, uh, help keep that sales going. We, we achieved international number one bestseller status for that book, and we got a little. Badge stuck on the cover of the book because of it. That's great. I think honestly, between you and me, I think that happened for like 15 minutes on a Tuesday afternoon.  It's there though. You, you can, you can claim it. Love it. That's right. We got the screenshots. Yeah. That's fantastic. But, uh, yeah, if, if you wanna flip houses, you, you can, you can come spend 50 bucks a month with me, but also you can get a long way to the finish line by spending 20 bucks on that book. Yeah. Yeah.  And I love that you, again, you, you are a true entrepreneur. You have all of these different, different things going on, these different projects, ideas in the pipeline, and, and it's not just, you know, this one thing I, I do real estate. Right. But, you know, podcast, software programs, flipping all, all of that stuff. So, yeah. Um, kudos to you for. Like we mentioned early on, sticking, sticking to it and sticking through things and persevere, learn and, and keep on going. You know, you've had your setbacks and struggles, but here you are still, still pushing along. So kudos to you. Love it.  Um, you know, the, the path to the mountaintop is not always a straight line. Uh, it could be that when you're standing here and you're seeing that mountain, you wanna climb that goal that you're trying to get to. What you don't see are the valleys in between the, the near peak and the far one. Um, it, it's, it's not, it's not gonna go the way you want. Nobody builds massive failure into their three year life plan, um, or health issues or other things that happen. Um, so the response to that is, um, whatever is in front of you, do the right thing with that. Over and over, whatever is in front of you. Do the right thing with that over and over, and you're gonna get there. Yeah.   All right, so let's recap what we learned today from Roger. One of the most important things that we all should take away from today's episode is that we need to pay attention to the people that we're placing into our companies. And I know that that sounds obvious, but when you're in. The moment. And when you're in those situations, you feel like it's, it's going to be so much work to try to replace them and then, and then I'm going to have to retrain people. And there's just so much to do that to, to that entire process. Right. But if you don't do it, you can absolutely take your company down and cause a huge, huge ripple effect that. Can create a lot of problems. So many times it's best to jump onto these situations, and if it means parting ways with someone or if it means repositioning them into some other type of role, chances are they're probably also going to feel relief as well because they, they, no one wants to fail. No one wants to be put in a position where they feel like they're failing. So being able to relieve that pressure from them where you know they are not performing up to what your standards are, they probably feel the exact same thing. So there's going to be an element of relief there. So always. Always, always take that step to replace people when necessary. Roger also mentions that there's plenty of people out there that are talking about, you know, following your passion and passion is the reason for this success. But what Roger has found that is that if you can find some type of a problem that people express a true real need. For the solution. That's what is going to be so much more successful than following some type of passion. So, and, and obviously it's best if you are passionate about whatever that solution is, but don't just say, this is my passion. I'm moving to go for it, look to solve some type of problem and hone in on that problem. And what I've personally found in my life is that when you can be very specific, With the type of person or the type of industry or business that you are solving that problem for, it solves so many problems, right? If you are. Focused on everyone and trying to solve everyone's problem. You're not going to be able to speak to any one type of market. So niche it down, hone it into one specific type of thing that you are doing for one particular market or industry or vertical, and then you'll be able to start speaking their, their language. You're going to understand so much more about their business. And then once you get that foothold established, Out, grow out from there. And this is the final tip that I really liked what Roger had to say. He said, be consistent with your persistence. Right? So a lot of people will give up before they establish something, or they'll see another shiny object and they're going to go and jump. Into that direction. Success takes time. I mean, there's obviously a few outliers to that. There's a few stories out there where people found quote unquote, instant success. The chances of that happening are very, very slim. It takes a long time and many, many entrepreneurs have had to just. Keep grinding, keep hustling, and I know that grinding and hustling is something that everyone talks about as well, but really the persistence to be able to keep going, keep moving forward no matter what's going on, is really, really, really key in order to be able to achieve that success that you're looking for. All right. If you want to understand what the wealthy do, head over to invest in square feet and sign up for our newsletter. We include some outtakes from various guests there, and that's the only place you're going to get to hear that advice. We also publish the investment opportunities that we come across in our various companies, so if you wanna learn more about those different investment opportunities, go ahead and sign up for that newsletter. We will be in touch with you about those different opportunities.

What's going on in housing? Are we in a bubble? Which way are prices trending? We have a little bit of everything today. We have some great questions from our listening audience and some news you can use. The year-end housing reports are hitting and I have the latest from Case-Schiller, HousingWire, and Attom Data. And I am going to talk a bit today about whether we are in a bubble. All this and more coming up on today's episode of Flipping America.

I hear it everywhere I go, like the constant drumbeat of the real estate Chicken Littles: “The Sky is Falling! The Real Estate market is going to crash again. And it's going to happen soon! The logic seems to be that real estate must be cyclical and we must have a major market shake up every ten years or so. That means it's time. We are going to talk about this today and for an informed an credible opinion, I reached out to Logan Mohtashami. He is the Senior Loan Manager at AMC Lending Group, a mortgage company in the Los Angeles area. But more than a lender, Logan's career-long passion is studying the financial and housing markets. He has been tracking these markets for two decades, has seen good times and bad times, analyzed the data, run the numbers, and he is staying up to the minute on the developments. If there is anyone out there who is completely credible and qualified to speak on this subject, it is Logan Mohtashami. And in a few minutes, he is going to lower the boom with his answer.

We continue today with the fantastic conversation from last Thursday night with Rod Khleif and Kathy Fettke. The topic is “Don't Just Survive, Thrive.” We will conclude that conversation on this episode of Flipping America. Plus I have some news updates for you and a couple of great questions from you.

Over the past few weeks we have all become familiar with terms like “flattening the curve” and “self-quarantine.” These sudden additions to our lexicon are necessary in order to ensure survival. Our hearts and our sympathy go out to all who are suffering during this difficult time. The vast majority of us however can't help but wonder when will life get back to normal, what will “normal” look like, and how can our small businesses survive much more of this? On this call we will tap into the wisdom of two of America's most prolific real estate investors. They have seen good times come and go and come back again. Kathy and Rod would each tell you that most of their success came from a mindset they adopted when they started. Successful people are not always consciously aware of their unique mindset but thoughtful people who have endured the slings and arrows of entrepreneurship usually have some time to reflect on the collection of thoughts (mindset) that propels us forward. Tonight we are going to look beyond survival and focus on creating and managing thriving business in the days ahead. What you will DO both during and immediately after this crisis will be determined in large part by what you THINK right now. So how about a dose of some good things to THINK about? Let's get our brains to a good place so our businesses can follow.

Today's show is for those who want to invest passively in real estate. My new friend, Victor Bell, is coming along in a few minutes and he's going to talk about some possibilities and answer my questions about returns. Victor has been buying multifamily assets for the past two decades in Hawaii and California. He specializes in low cap rate acquisitions and he will explain why during our conversation. He can help you get involved in some pretty healthy returns.

We are continuing today with our technology series, focusing on consumer-facing websites that help us research neighborhoods and communities. Last time we considered eleven of them and today we are looking at ten more. Some of them are very interesting and some are a waste of time. I'm doing this research so you don't have to. So stay tuned for that. Coming up, WeWork is back in the news and it's more bad news for them. And we are going to give you a quick update on commercial real estate in a few minutes.

He's created one of the most comprehensive house flipping software packages on the market today. And he's going to join us in just a moment. Kuba Fietkiewicz is one of the founders of REIkit.com and I have to tell you, if I were getting into this business today, this is one platform I would seriously consider. In fact, it's only because of what I call my “resistance to shiny object” discipline that I don't go ahead and sign up now. Check it out later, but first, let's take a question from one of our listeners.  If you have questions about real estate or real estate investing, send them to questions@FlippingAmerica.net.    

Want to make money passively in real estate? Keep your job or stay retired but put your money to work for you. If so, consider investing in a real estate syndication. Today on Flipping America. When I was a kid the Syndicate was a euphemism for organized crime or the bad guys. I couldn't remember specifically why I thought that so I turned to ChatGPT for some help. I simply asked, “Why do I associate the phrase ‘the Syndicate' with criminals?” Here's the response: The phrase "The Syndicate" is often associated with criminal organizations because it is commonly used to refer to a group of individuals or entities that engage in illegal activities, such as organized crime, drug trafficking, or money laundering. In popular culture, the term has been used to describe fictional criminal organizations in movies, TV shows, and novels, which has further reinforced its association with criminality. However, it's important to note that the term "syndicate" can also have legitimate and legal connotations, particularly in business and finance. For example, a syndicate can refer to a group of investors who pool their resources to finance a large project or investment opportunity. The context and usage of the term determine its meaning and associations. In a moment I'm going to chat with Charles Carillo of Harborside Partners and we are going to discuss legal syndication. He's one of the good guys.

I would bet you've seen a billboard or something advertising HomeVestors. You might not know that name, but you know the phrase, “Ug buys ugly houses.” That's HomeVestors and today we have a HomeVestors investor joining us to talk about what it's like. You might want to do this! Dean Bendall has been a friend of mine for at least 15 years. A few years ago he called me and asked about HomeVestors. I referred him to another friend of mine, they spoke and Dean signed up. In short, this is going very well for him. This is not an opportunity for the timid or someone who is broke. But if you're willing to work their system, you're going to have some fun and make some money. Dean will be with us in just a few minutes.

They are not just for vacation any longer. Short Term rentals serve a variety of purposes for both business and personal travel. But regardless of the purposes, short-term rentals have one thing in common - they can cash-flow like a river after a dam burst. Elizabeth Maora Sickels had no idea she'd hire a team and build an entire business that focuses on short term rentals. Elizabeth started like many new investors, by renting out her personal property on Airbnb. She resigned her engineering position with Ford Motor Corporation and decided to travel for six months. Moving to Indianapolis in 2017, she set about making real estate her new career. She started out furnishing and managing one short term rental for a group of investors. Within a few months she had 10 properties under management. She was growing because she was doing things differently. With an MBA and engineering background, she was focused on the metrics and what is needed to have a profitable short term rental property. She continued to separate herself and that growth became the Elizabeth Maora Brand. ElizabethMaora.com

Today we are talking about passive investing and our guest is Ken Gee of kripartners.com. What do you think of when you hear the phrase passive investing? I think of sitting in a comfortable chair under a palm tree looking out at the ocean, sipping on something tropical, while my money is working hard to earn enough to pay for this. Let's get you there. Ken Gee has been pursuing the thoughtful path to wealth from an early age. He discovered multi-family and invested while keeping his day job and in time realized that the investing side was much more promising. His attention to detail, high character, and flawless performance have made him a formidable force as an investor and someone to trust with my money.

What's it like to invest in real estate in Canada? Are you tired of government overreach, wary of the “fixes” the government is putting into the economy? Do you avoid investing in rules and restriction-heavy environments like California, New York, and New Jersey? If so, you'll be interested in hearing just how much WORSE it is in Canada. Today's show will make you proud to be an American, although that was surely not the point when we recorded it. Matthew Ablakhan is a young motivated investor, the son of displaced Iraqi Christian parents. He and his brother started investing, then set up a mortgage company, and then a real estate brokerage. Together they lead a growing company in suburban Toronto. Canadian law rules out all but the wealthiest developers. Mortgage rules essentially require homeowners to make plans based on future interest rates (and who knows what they will be?). These and other issues make it challenging to make money in Canadian real estate. In fact, many Canadian investors choose to put their real estate investing money elsewhere. But Matthew and his team are sticking it out for now and doing well. We are going to hear all about that in a few minutes.

Bloomberg just published an article with the headline, “Wall Street Is Losing Out to Amateur Buyers in the Housing Slump” I have a question: Who are you calling an amateur? They assume the analysts in cubicles in New York are the pros and we are the amateurs simply because of bias. It's more than just semantics, but I submit that pros do whatever they do for money. Amateurs have other reasons. And it's the small investors like you and me who are making money at this game. The big institutional businesses, hedge funds and iBuyers, are not really making any money. I would submit that while the premise of the article is factually correct, the labels should be reversed. WE are they pros. THEY are the amateurs.  There's a lot going on in real estate right now and we need some time to unpack it. Which I'm going to do today.  Ok ok, I do know a lot about single family residential investing. But once you get into other asset classes, it's not all that hard to stump me. Fortunately, I know a lot of smart and experienced people from many different real estate asset classes and strategies. So ask whatever you want. We will know the answer or go get you one. questions@flippingamerica.net. We have some good questions coming up today. 

This show is called Flipping America, but it's a big wide world out there and there are investment opportunities all over it. We are going to explore that a bit today. Ronan McMahon is the editor of Real Estate Trend Alert, Your Overseas Dream Home, and a contributing editor to International Living. Ronan's newsletter, “Your Overseas Dream Home” is delivered to readers' inboxes daily. No matter what level of real estate investor you are, there's plenty of great info for you. In it, you'll read about every promising international real estate investing idea Ronan and his team comes across. He also brings you up to speed on his favorite markets for making “double your money” gains through either capital gains, rental income, or both. He also shares his key strategies for identifying profit opportunities in some of the most beautiful locations worldwide—by Caribbean, Pacific, and Atlantic beaches, in glamorous European cities, in quaint little mountain towns, or anywhere else that might interest you. I'm happy to tell you that Ronan is going to join us shortly. We will talk about his investment model and how you can get involved in investing all around the world. Dianna and I read his newsletter regularly.

You need a coach. How do I know? Because no one sees themself truly objectively. Tiger Woods was the best golfer in the world by a long shot and he never competed without a swing coach. You want to play a sport? Get a coach. You want to run a business? Get a coach. Want to invest in real estate? Get a coach. And I've got a great one coming today. You'll meet Chris Prefontaine in just a few moments. As you're about to hear, Chris has been in the real estate business a long time and he's been helping others get into the business for a long time. He's written at least four books - because that's how many he sent me. He's a master of creative deal structure. He knows how to live and invest in competitive areas with high prices. We all can learn from Chris - I know I already have and I'm excited to share this interview with you today. The last time I had a real estate coach on the show, I was surprised at how many of you asked me something to this effect: Hey Roger, you're a coach. Why are you helping promote your competitors on your show? I haven't addressed this before and I'm not going to take a lot of time with it now. The answer is, I don't have competitors in this business. I have potential partners and I have friends. There is plenty of room for us all. A good living, financial freedom, and time freedom can be enjoyed by everyone who does well in this business - there is no one single winner. I believe in abundance, I believe in collaborative capitalism, and I believe in the law of sowing and reaping. As I sow a spirit of helpfulness and collaboration into the world, I find that help comes to me when I need it. It's not always from the same people, but it comes all the same. If we all help each other we will all get what we need. That's been my philosophy and my answer to that challenge for years. I don't see it changing.

Sometimes you just need a little extra help. Today we are going to talk about an affordable solution. Kristy Yoder is a Filipina based in Ohio. She is the Founder and CEO of Smart VAs and the host of The Master Delegator Podcast where she teaches entrepreneurs and leaders to grow their business by delegating. As a multi-skilled leader, she humbly worked her way from being a freelance virtual assistant and digital marketer to becoming an entrepreneur. She is passionate about helping stressed and overwhelmed business owners get their time, freedom, and life back while running a successful business. She built and trained a team based in the Philippines to help business owners scale their businesses while living a freedom-filled lifestyle. Kristy leads more than 70+ team members and has served more than 200 businesses in the US together with her team since 2020. Kristy grew her business from $0 to now close to 7-figure revenue and desires to help business owners achieve their business goals.

The word of the week is Act. The most important step to moving closer to your goal is to act. There are so many different things that you can do to reach your most important goals in life. However, before you dive in and decide to do something, take some time to figure out what is a good fit for you. Join Dwan as she interviews Roger Blankenship. He shares about his life as a kid, his planned path to ministry, and the business that he is doing today. Learn how he decided to take an action to make a transition in his life and make things happen. Listen up and enjoy!   Episode 301 at a glance… About Roger Blankenship and the business that he built The perfect deal that is not coming Roger's upcoming book A look back at Roger's life as a kid Roger going into sports Roger's path in the ministry and his career transition to flipping houses  Hiring decision mistakes Roger's actionable tip for the listeners How to connect with Roger Blankenship   Until the next episode!   Today's Guest: Roger Blankenship is the founder of Flipping America which started in 2017. He's been a real estate investor since 2002. He started out buying properties, fixing, and flipping them, and had a lot of training later on.  He believes that whatever he is doing, he does it with all his might and the very best he can.   Connect and learn more about Roger Blankenship here: Email: roger@rogerblankenship.com Email:  info@flippingamerica.net Website: https://www.flippingamerica.net  YouTube: https://www.youtube.com/c/FlippingAmerica  Book: Flipping Houses in Ten Days       About the host: Dwan is America's most sought-after real estate investor coach. She has been featured on more than 50 media outlets in interviews and featured articles. For the past 4 years, Dwan's Podcast has grown in popularity and is now in the top 1000 business podcasts. Connect and learn more about Dwan here: Website: https://dwanderful.com Instagram: @dwanderful Facebook: https://www.facebook.com/Dwanderful/