Flipping America

FAR 168 Expected Air Date: 07/12/18 Opening Would you like to just sit down with a lawyer - off the clock - and pick his or her brain about real estate and business issues? Today you can. Well -- today you can, vicariously anyway. Coming up in a few minutes I’m going to interview a real estate attorney from Austin Texas, Ben De Leon. He is the President of De Leon Washburn & Ward, P.C. (dwlawtx.com), one of Texas’ most storied independent law firms. As general counsel to some of Texas’ fastest growing companies, he is passionate about helping entrepreneurs focus on the success of their business by providing strategic guidance and legal counsel. He serves as outside general counsel to various small to mid-size companies in all areas of business law, including real estate and construction matters. Here’s a cool thing - you can kinda pick his brain too - because Ben is a blogger. He talks about issues important to us as investors. I spent some time on his website reading his blog and I can tell you it’s reco

FAR 167 Expected Air Date: 07/09/18 Opening I was minding my own business at the pool the other day and a young man walked by with a shirt that read “Stop Being Poor.” My first reaction was to be a bit startled, then amused. I thought to myself “he’s inviting a heap of criticism upon himself -- I wonder if he can take it?” Then I realized we were at the pool deck of our building in midtown Atlanta and it’s unlikely he would run into any poor people at this venue. Of course if we want to see poor people all we need do is step outside the door of our building and start walking in any direction. We won’t go a full block before we come across someone with their hand out, making various claims about their homelessness, joblessness or poverty. This show is about real estate and real estate investing, and the subject of poverty is not a happy one. In fact it might be one we prefer not to ever think about. But it is ever with us and should be considered in light of our larger responsibilities to ourselves and the peo

FAR 166 Expected Air Date: 07/07/18 Opening I got a show full of news and your questions today. We are getting emails from some of you who are loving the guests we’ve been having and some of you prefer the shows where I talk the entire time. Your comments are about evenly balanced with a slight tilt to the guests. I personally prefer the guests because I usually don’t learn anything new when I’m talking and I want to learn more and get better at this. Today I’m going to review the news, talk about More News with regard to my predictions about the market, and then share some Really Exciting News about a new program from your friends here at Flipping America. How to Reach us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announce

FAR 164 Expected Air Date: 07/2/18 Opening Have you ever asked yourself the question, “what is this remodeling job going to cost?” When you buy an investment property, especially if you are going to flip it, the repair / remodel number is one of the big three numbers you HAVE to know in order to be sure you’re going to make money on the project. The other two are the ARV and the cost of the money. Where does the purchase price fit in? Because it seems like that’s where you start. It IS the first number that gets activated in the process, but it’s the last number to be calculated. You back into a purchase or offer price based on the other three numbers. This is true in any kind of property investment. You must have your exit strategy and a strong understanding of what you will get for the property, you must know your rehab or “value add” number. And you should be mindful of you cost of funds. Today we are going to visit with the guy who can help you nail down that rehab number. His name is Pat Dornan and he is

FAR 163 Expected Air Date: 06/30/18 Opening We’ve been talking about life and business over the past few weeks and today we have Ron Carucci online to visit with us about start-ups. We discuss several of the misconceptions in the minds of new entrepreneurs, and the mistakes that flow out of those misconceptions. More importantly we discuss how to address them. Ron and his partners work with medium size and larger businesses typically but he was willing to give us 30 minutes of his valuable insight. That’s coming up shortly. In case you missed it, I want you to pay attention to Zillow. They are a giant among us. You can pick on the Zestimate all you want and I’ll agree with you that it is not to be trusted. But Zillow is huge and has a ton of cash to work with. That’s why when they announced recently they are getting into the direct buying space, I sat up and took notice. They have the clout and the national presence to clobber everyone else, I’m looking at you OfferPad, Knock, OpenDoor, and even Mark Spain wi

FAR 162 Expected Air Date: 06/25/18 Opening Many of you listening to this have two types of assets - liquid assets and illiquid assets. A liquid asset is cash or anything that can be turned into cash in about 3 days such as publicly traded stocks. Illiquid assets include things like real estate, which clearly cannot be turned into cash -- until now. Our guest today is Matthew Sullivan, founder and CEO of Quantm RE. Matthew and his company have developed a way to turn your equity into cash. You are not refinancing your home, there’s no credit check, and once your equity position is established through an appraisal and title work, you are just hours away from cash in your bank account. The company will buy a percentage of your equity at current value and wait for you to sell the house before getting paid back. Does this sound too good to be true? How does the company make money? Surely it’s not doing this out of charity. What are the risks to you as a homeowner and what are the risks to the company? I recorded

FAR 161 Expected Air Date: 06/23/18 Opening For most people Real Estate Investing is a Team Sport. You may not have any employees or if you do they won’t be a large number. This is in part by design. We got into this business to get away from the inherently stifling nature of the corporate world. We didn’t set out to create another corporate world. We are entrepreneurs. We want to come and go as we please. We want to go to the beach with our spouses and family on Thursday through Sunday. Ok, we want to fly to the Caribbean Thursday and come back Sunday. Or we want to take off and play a couple of golf courses in Alabama on the Robert Trent Jones Golf Trail on a Tuesday and a Wednesday. Whatever you wanted to do with the time, you mainly want it flexible, so we don’t have much in the way of a staff do we? Even though this is true, we STILL have a team. By the time you are working this business full time, you have assembled a team whether you want to admit it or not. You have a Realtor or three, a couple of gen

FAR 160 Expected Air Date: 06/21/18 Opening Looking for an opportunity to get into a real estate business that doesn’t require a lot of cash, doesn’t have much competition, and can be done remotely without ever leaving your computer? Today Mark Podolsky is going to join us and talk about an opportunity to do just that. You won’t have tenants to deal with, you never have to make repairs, the cash flow is about as automated as it gets. It really works and just saying this gets me fired up about it. How to Reach us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: Lunch with me every Wednesday. Flipping America App is in the app store. You can listen to the show, read the show notes, and n the entire catalog of shows is now available to you. It’s a free download and there

FAR 159 Expected Air Date: 06/14/18 Opening What in the world is Real Estate Day Trading? And how can I learn to do it? Can I make money doing this? How does it work? How do I analyze the deals? How do I pay for them? How do I move them out? IS IT POSSIBLE TO SIT AT MY COMPUTER ALL DAY AND MAKE MONEY IN REAL ESTATE? Well -- maybe. Stay tuned because today I have the guy who invented Real Estate Day Trading. Larry Goins is our guest today. He took some time from his busy schedule to sit down with us and explain it. If you listen today and apply what you hear, you’ll pick up some ideas, some principles, some direction, and some resources that could put you into the Real Estate Day Trading business. I’m blown away at the brilliance and creativity of people in this business who demonstrate day in and day out that real estate continues to be one of the most lucrative opportunities out there. How to Reach us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouT

FAR 157 Expected Air Date: 06/11/18 Opening President Trump dominates the news cycle in a way like no other public figure I’ve seen in my lifetime. It almost seems to me that he says some of the outrageous things just to stay in the limelight. I generally avoid politics on this show as you know and prefer to talk about real estate and the opportunity it presents. Although today I have to give a little credit to the President. He’s making a bunch of Chinese real estate investors rich and some may be about to hit the jackpot. I’m going to tell you about that right after the first break. We have more news from Kalispell, Montana today and the Flathead Beacon in one of the quirkiest “studies” I’ve ever seen published. It’s weird, it’s not all that useful, and I LOVE it. Later on I’ll tell you what digital real estate means and what you need to do to invest in it. We are going to talk about one unfortunate consequence of Seattle’s unprecendented real estate boom. We will talk about how to look beyond mere price an

FAR 157 Expected Air Date: 06/9/18 Opening Your Personal Retreat Everyone needs from time to time an opportunity to rest, relax, recover, and re-focus. I think you should take at least one day off per week for a miniature version of this and perhaps once a quarter, get away for a few days for renewal. Sometimes we need a purposeless vacation. There is a time and a place for this and we all need it. We all really do. It’s good from time to time to have fun for fun’s sake. But that’s a topic for a different show. Sometimes we need a purposeful stop in activities to think about what we are doing, why, how, and get some different perspective on it. Call it a retreat if you will. Can you stay home from the office for a day or two and accomplish this? It’s possible, but there are a few reasons why this is not ideal: There are distractions at home. Your toys are all there! TV, Hobbies, etc. There are expectations at home. Chores, meal prep, normal life. There are patterns of behavior at home. Breaking a pattern is

FAR 156 Expected Air Date: 06/5/18 Opening Good morning everyone I’m Roger Blankenship your host. I teach people how to make money in real estate. We don’t encourage everyone to drop what you’re doing and start flipping houses like you see on TV but we do encourage everyone to include real estate as a part of a balanced investment portfolio. Let’s talk about real estate! Let’s talk about life. On this show we try to bring you the best news and how-to information, resources, statistics, demographics, trends, styles, ideas, techniques and introduce you to people who are turning all of this into successful businesses and careers. Years ago I was visiting with a friend in a small town in rural north Georgia and we were touring his farm. He was a chicken farmer. That’s right, a chicken farmer. If you’ve never been to a chicken farm, try to imagine a barn that’s the length of a football field. Now imagine 6 of these lined up in a row, each one filled with a hundred thousand or so chickens. Now imagine a powerful am

FAR 155 Expected Air Date: 06/2/18 Opening Over the past couple of weeks we have been visiting together around topics that some in the training industry would call “mind-set pieces.” We have talked about knowing your Why - understanding your basic motivations. We’ve talked about Choices and how your life is a reflection of the choices you’ve made and your future will be determined by the choices you’re making in the present. On the last show I shared some thoughts with you about Confidence. Confidence is a beautiful thing when you have it. Life is difficult without it. Business is nearly impossible without it. So I talked about how to get it, how to keep it when life happens, and how to keep it in check through realistic self-appraisal. I also talked a bit about mistakes and failure as these are often the result of over-confidence. But even these are not the end of the story, because you can overcome most of life’s obstacles if you have a healthy dose of today’s mind-set topic - COMMITMENT. I’m going to devot

Hello Everyone and welcome to Flipping America. Today we are going to talk about how to get started as a Real Estate investor. I'm going to break down some of the big steps for you in the next few minutes. Then we are going to explore what you do when you don't see the opportunities in your area. Jennifer Beadles is in Seattle but she invests east of the Mississippi. Stay tuned as I talk with her about the process of setting up a remote investing business. Thanks for tuning in and we hope you'll stay tuned as we try to bring you the best news and information to help you grow your real estate investing business.

Guests Today: Desktop Investing with Jon Ionatti Multi-Family Investing with Juan Pablo  

Questions from listeners: From Bob in Long Beach California: I’m looking at a possible rental property. The rent is about $750 per month less than the payment but I feel like long-term this will be a good investment for me. What are your thoughts?   Research: The median home value in Long Beach is $544,600. Long Beach home values have gone up 6.8% over the past year and Zillow predicts they will rise 0.8% within the next year. The median list price per square foot in Long Beach is $407, which is higher than the Los Angeles-Long Beach-Anaheim Metro average of $394. PITI payment about 2700.   The median rent price in Long Beach is $2,125,   Indianapolis: The median price of homes currently listed in Indianapolis Metro is $164,900. The median rent price in Indianapolis Metro is $1,100, which is higher than the Indiana median of $1,000. PITI: $725   Derek from Atlanta wrote in: “I’m having a really hard time finding a deal in Atlanta. The market is so hot here whenever a property is listed, there

Alison Feliciano at 5 Credit Restoration Mark Hall. As always I am going to share some investing tips for you and answer a few questions. Later in the show I’m going to tell you why I prefer RE investing to stocks. But first let’s check some emails. Wrap up with about 7 minutes Open: Mailbag: From Tyler in Tampa, FL. “Roger do you have some guidance for what you would pay for a rental property and where you would buy it?” Rent times 60 is almost always a good deal. Stable neighborhood or one with upside. Avoid chronically bad parts of town. Who wants to live there? Only people who want that lifestyle or who can’t afford to get anywhere else. Our heart goes out to good people who are struggling financially. Been there done that. We can do things to help out in other ways including support for local and national housing charities. But this is business and it is not a good business decision to own assets in areas like this. Small low maintenance homes. - brick is great. Duplex, Triplex, Quad - usually excellent

Frank Rolfe has literally written the book on buying Mobile Home Parks. He's our guest today on Flipping America and will be here in a few minutes to talk about it.