Flipping America

The Pandemic of 2020 rages on. And raging perhaps louder than the disease itself is the on-going debate about when and how the economy should open. Protesters are out in multiple metropolitan areas, jobless claims went up another 3 million last week - nearly 35 million now unemployed. Yet the Governor of California this morning announced that the state will remain locked down until there is a vaccine. How about that for a ransom note? Did you know that the vast majority of viruses in existence have no vaccine. A successful vaccine for any virus is the exception rather than the rule. They still don’t have a vaccine for HIV, the virus that causes AIDS. They don’t really have a vaccine for the flu. They give you a flu shot which is somewhat effective in protecting you from the flu that was prevalent last year in Asia. If it were an effective vaccine, you wouldn’t need another one every year. Yes I know it mutates, but that’s the problem. Virus vaccines are remarkably difficult. I’m not saying they won’t develop

We talk all the time here on Flipping America about getting a hard money loan. It could be that you’re listening and are vaguely familiar with the idea, but it gets kind of complicated quickly when you start talking about all of the variables. Interest rate, term, points, loan-to-value, purchase money, rehab money, percentages of this or that. On today’s episode I’m speaking with Nate Wolosiewicz who runs the Atlanta office for Civic Financial. Together we are going to look at a project and run the actual numbers. We will break down for you the costs, the features, and the benefits of funding your projects this way. And you are going to be amazed at the return - even with the relatively high cost of capital and the relatively large amount of cash it will require from you. The benefits still FAR outweigh the drawbacks.  How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line:

“Most people don’t recognize opportunity because it often comes disguised as hard work.” “Opportunity paged me, beeped me, linked me, emailed me, faxed me and spammed me, but I was expecting it to knock.”  How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (76437)   ext 1. Leave your message or your question.  Email your questions to questions@rogerblankenship.com. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don’t mind.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFinancial FlipStarter Online! www.flipstarteronline.com Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few fri

Chris Larsen is the founder and Managing Partner of Next-Level Income, through which he helps investors become financially independent through education and investment opportunities. He began syndicating deals in 2016, has raised more than $12M and been actively involved in over $150M of real estate acquisitions.

Tom Peters said, ““If a window of opportunity appears, don't pull down the shade.” No one listening to this show right now is responsible for the pandemic that is destroying the worldwide economy while taking fewer lives than the seasonal flu. It’s a strange and challenging time, but it is precisely during times like these that shrewd people sense the changing opportunities, respond to meet them and make or grow their fortunes. And it is precisely during times like these that people who are close-minded, stuck in a rut, or simply resistant to change will suffer. Today we begin a conversation about the opportunities presented by the world-wide pandemic. We want to be careful to emphasize “ethical opportunism.” We are not here to prey on the misfortunes of others, but there are going to be people that need solutions. It is possible to help people, provide solutions, and make money at the same time. And this is exactly how we should present ourselves - real estate solutions providers.  “Most people don’t recogni

No one really knows the future, but with real estate, there are a number of signposts that can predict where we are heading. Today’s show is a call from last week as part of the Flipping America REIA group. On the call we talked about the real estate leading indicators, what they tell us, and how to get the data. Plus I provide a link for everyone listening to grab your own copy of this report - I’m not even asking for your email address - it’s a simple link on my website. You’re welcome.  If you are paying attention, real estate moves just slowly enough you can adjust course and make wise decisions.  What are the leading indicators for the real estate market? Where do we get the data? How should we interpret the data? What makes the real estate market trends different from stock market trends? What does it mean to be a "nimble" real estate investor and how do you accomplish that? We will answer these questions and more on the call. How to contact us www.RogerBlankenship.com. Leave a voicemail right from the

No one really knows what is about to happen - to the economy as a whole and especially in real estate. Uncertainty can lead to anxiety which does not necessarily contribute to good investing decisions. Joe Thompson has been around real estate in various forms for many years and has seen markets come and go. He will be joining me to discuss the current situation and possibilities for real estate investors looking forward. We will talk about How this economy is different from the economy shifts we’ve seen before? What signs should investors be watching for? If single family sales tank, where is the opportunity for real estate investors? How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (76437)   ext 1. Leave your message or your question.  Email your questions to questions@rogerblankenship.com. Please always tell us where you are from. We like to know where

Today we are talking about a form of passive real estate income that can create cash-flow, tax advantages, and build wealth. I’m talking about turn-key rentals and today we have two of the best - Jack Gibson and Jeff Schecter. A Turn-key rental is a property you buy from someone that has already been rehabbed and is ready for the rental market. It may already be rented! A good turn-key supplier can recommend a property manager or two. The best don’t do the property management. They have enough to do with locating and rehabbing the properties for you and this helps you avoid possible conflicts of interest between construction, maintenance, and management. Jack and Jeff have been in this business for years. They approach their craft with integrity, understanding of the market and awareness of your needs. If you are on the hunt for cash-flowing rentals - if you are pulling money out of the equity markets and looking for a safe place to put it, you are going to want to connect with them.   How to contact us www.R

Now more than ever we all need income in addition to our regular J.O.B. This has always been true for those who aspire to wealth. But with the uncertainties and anxieties around our economy in light of the Covid-19 pandemic, it’s more important than ever to maximize income and returns from every source. On this call we will look at the various types of income and every participant will be encouraged to start making a plan to develop at least one more source of income. This is NOT by taking a second job. Earned income is only one form of income (out of 7 or 8). You might be surprised at how many things you can trade for money! Mike Ventry will join us and discuss how you can use a self-directed retirement account to invest in income producing assets like real estate. Mike is the Director of Business Development at American IRA . He has over 15 years of experience as a Top Producer in the mortgage banking industry, in the Atlanta area. During his 40+ years in the Atlanta area, he has started, built and sold mul

We have a double feature for you today! Avery Carl wants to be your money-making vacation home realtor. I know this may not seem like the best time to be talking about this but the pandemic and the social distancing will not last forever. Eventually people are going to get back to work and get back to vacationing. And there will be some bargains in the vacation home market. Avery and her team will not only help you find your ideal vacation home - one you can use and rent out when you are not there - they will also help you connect with local resources to perform all of the management and maintenance of the unit and help you list it on AirBnB and VRBO. She provides this service at no additional charge to you. And that’s not all - she’s going to run the numbers for you and give you a bit of a proforma on the property as well. That’s coming up in a couple of minutes. Theshorttermshop.com. Later on I’m going to speak with Brett Swarts about the Deferred Sales Trust. This is a little known but powerful tool you ca

Life doesn’t usually go as planned. We don’t put “big mistakes” in our three year plans. And NO ONE had “global pandemic” in their business model for 2020. But this doesn’t mean we forget we have a business to run and mouths to feed. Tough things happen and the tough power through them. The economy has been battered. Most of us are staying home. Business is definitely NOT normal. This is a good time to reflect on our goals for 2020 - how they have been affected, how our priorities might have changed, and what we need to try to accomplish for the remainder of this year. On this call we are going to talk about what we need to be thinking about and planning to get us there.  Lewis Carroll said, “If you don’t know where you are going, any road will get you there.” In his inimitable style, Yogi Berra said “If you don’t know where you are going, you might wind up someplace else.” Let’s start laying the groundwork to not end up “someplace else.”  Let’s rethink our priorities, reset our goals, and renew our commitmen

For many years now I have been following from afar the exploits of Motley Fool. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through their website, podcasts, books, newspaper column, radio show, and premium investing services. They believe that investing is empowering, enriching, and fun. As part of their service they have a section dedicated to real estate, a paid service called “Mogul” and a free service called Million Acres. We are fortunate to be joined today by Deidre Woollard, editor of MillionAcres.com.  Deidre is a writer and editor with two decades of experience covering all aspects of real estate from luxury residential real estate to the latest in proptech. She created the “Ask A Realtor” feature at Realtor.com and has led marketing and communications at top residential real estate brokerages. Real estate investing is a family tradition; she comes from a long line of landlords, renovators, and contractors currently invested fro

We are continuing today with our panel discussion titled “Next Steps for Investing During a Real Estate Pandemic.” with our guest panelists,  Jeff Holst, Darlene Coquerel, and Michael Green. Show number 349 was part 1. This is part 2. And Next week we continue this series with “Don’t Just Survive - THRIVE” and we will be joined by Rod Kleif and Kathy Fettke. We continue now with the call recorded Thursday, March 26, 2020. How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (76437)   ext 1. Leave your message or your question.  Email your questions to questions@rogerblankenship.com. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don’t mind.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFunding Real Estate Investing QuickStart Announcements:

You hear a lot of talk about deal marketing but how does it actually happen? At some point, every single family real estate investor ought to try and speak with actual homeowners who need to sell their home. Short of bidding at the courthouse foreclosure auctions with a wad of certified checks in your pocket, this is the best way to buy property. And because you have the opportunity to use creative deal structuring this could possibly be the best way to purchase property. But you have to find the sellers, right? If you drive up and down a street and pay close attention to the houses you may be able to tell some things about the occupants. Do you see what we might call deferred maintenance? That could be a sign that the owners are struggling financially right now. You may have someone willing to sell their house. Vacant and abandoned properties are pretty easy to spot. But there usually aren’t clear indications of other life situations that could be leading people to sell. This includes but isn’t limited to di

We’ve talked a lot on this show about using free resources to perform property analysis. If you are a hobbyist or just breaking in to the business and have a limited budget, you should check out our information on that. But as soon as you have some money to spend for your deal research and analysis, you should look into PropStream. This program is going to help you reach more leads, book more appointments, and close more deals with less work: Generatie highly targeted property lists using 100+ targeting criteria to find and create prospect lists and uncover properties within your target market Reach your prospects through customizable marketing tools -- perhaps before they even know they’re in the market PropStream gives you comprehensive data and context for market insight Visualize where your customers are and analyze your market Access the most current and accurate data from MLS sales and county recordings to generate instant comps You will be able to create your own custom marketing lists, mail from wit

It’s hard to find an opportunity to talk about anything OTHER than the pandemic right now. This week we begin mentally taking control of our destinies by making a conscious choice to move forward while taking every precaution recommended by local state and federal authorities. We will make progress mentally, virtually, and this will translate soon to real life.  Thursday night we did a second call in our series on real estate investing during a pandemic. Our guest panel was Jeff Holst, Darlene Coquerel, and Michael Green, three prolific investors and mentors with a high volume of flips and rental properties between them. We discussed a number of questions facing landlords and house flippers and dug in to find ways we can continue to make a living in real estate during these challenging times.  How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (76437)   ext

Even in the midst of the coronavirus crisis, with all that is going on in the world, we real estate investors need to be aware of a couple of important facts. 1. This isn’t going to last forever. 2. When it’s over, people are still going to buy and sell homes. And 3. Thanks to ever improving online tools we can get a lot done from the comforts of our homes. Just yesterday I closed on the sale of four homes virtually. I did have to go find a notary and drop some papers off, but my contact with others was very limited, over quickly, and I keep hand sanitizer in the car. I’ll let you in on a little secret. I’m not exactly a germaphobe, but due to my public persona I shake hands with a lot of strangers - in normal times. One day after a greeting line that probably included 100 people or more I walked away and starting thinking about how many of those people didn’t wash their hands the last time they used the bathroom. I’ve kept hand sanitizer in my car ever since. I’m about to run out of my current bottle so then

I have previously predicted the top three real estate investing trends for 2020 and I’m going to repeat them in a moment. The growth is going to be interrupted by the current corona virus crisis, which is, as I speak shutting down entertainment, business, airlines, travel, and entire industries. We are sensitive those directly impacted by the illness from the virus but at the risk of appearing insensitive it seems to be an unnecessary panic. In 2009, the H1N1 virus infected 59 million people in the US, 265,000 were hospitalized and 12,000 people died. My son was in the 8th grade at the time and tested positive for the virus. He missed a couple of days of school, but his symptoms were flu-like.  The medical impact of the corona virus is a tiny fraction of the swine flu, and unless there is something about this that no one is telling the public, the state of alarm seems to be disproportionate to the actual impact. One thing that is for sure impacted is the economy. It’s being hammered right now and billions are

There really is nothing new under the sun. Even today’s freshest sounding ideas only sound that way because it has been awhile since they were popular. This is true in real estate investing. Someone starts doing Technique A which generates massive profits. They tell their friends, then teach a course on it and pretty soon EVERYBODY is doing Technique A. Then someone rediscovers Technique Q, which is an old idea but no one is doing it any longer and there is an opportunity to make good margins. The process repeats.  This is true of the strategy we are going to start calling “Happy Rooming” at least until we come up with something better. For the consumer, you pack up your clothes and move into a house. You get a furnished room, common areas, shared driveway for your car. It comes with some rules of course, to protect everyone living there, but you have the convenience of not having to purchase furniture or absorb the cost of renting or buying space you don’t use.  Our guest today is Mentor Sharoney and she has

You want to reap the benefits of investing in real estate without all -- or without any -- of the work. This show is for you. There are several ways you can do this, but one of them is to purchase a Turn-Key Rental and that’s what we are talking about today. In a few moments I’ll be joined by Antoine Martel who started right out of college investing in rental properties - NOT in California where he lives, but in Memphis and Cleveland. How does it do it? Stay tuned and you’ll find out.  How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (76437)   ext 1. Leave your message or your question.  Email your questions to questions@rogerblankenship.com. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don’t mind.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.