What if you could make $10,000 more on every flip, simply by paying less for capital? What if you could access large lines of credit with NO personal guarantees and not attached to your personal credit? That's the topic for today on Flipping America.

How many more deals could you do? What would it add to your bottom line? How different would your life be 5 years from now if you could do two more profitable deals each year between now and then? These are the types of questions you should be asking when you begin to think about business credit. Now I'm not talking about the type of business lines of credit where you pay what amounts to 40% interest and you have to make daily payments starting the next day after you receive the money. I learned this business model the hard way about 8-9 years ago. I had a few conversations with some money guys in New York. Turns out they had clever ways to avoid having their interest rate labeled usurious, but they were workarounds. And they were a rip-off. Since that time I have been on the robo-call list as a sucker who needs money. Even with my robo-call killing software I still get a few calls or texts every week offering me this kind of money. Now they are hitting me up on LinkedIn as well.

But that is NOT what we are going to be talking about. We are talking about legitimate lines of credit for your business, obtained because of and on behalf of your business. These loans are solid and real. And I'm going to tell you right now that since I favor good quality debt backed by real estate, this program qualifies. Stephen Wible is coming up in a few minutes to explain it, which I will let him do.

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Announcements:

• The Buyers Club is open for new members for a limited time. I have a new video on our YouTube channel about the Buyers Club. As long as that video is up, we are accepting new members. When we reach capacity we will take it back down. Just go to YouTube and search Flipping America. You will see we are posting content that is both useful and a little bit fun. While you are there please subscribe and hit the notification bell so you will know whenever we upload new content.
• I've received the same question at least half a dozen times this past week, "Roger how do you get everything done?" It's no secret - I use my own planning system — the GMS Planner — that I developed over a period of years and have been publishing on Amazon since 2017. We've not pushed this product at all because — well — we are in the real estate business. But that's about to change. I've just released a course in the Flipping America Academy called "Getting it Done: Creating the Life of Your Dreams". This is a FREE course, even if you haven't bought my Planner. Go to NEED LINK and learn more.

News and Resources: Mindset Moment:

I haven't really wanted to weigh in on the minimum wage debate. I remember the exact same arguments over the past 35 years -- people can't support a family on minimum wage. The comeback is, "of course not, minimum wage jobs are not designed for heads of household." The cruel fact is, the minimum wage doesn't matter and it never has. I remember discussing this with a mentor of mine when the argument was about raising the minimum wage to $7.50/hr. I asked him his thoughts. He replied, "that's fine if you don't mind paying $3.00 for a loaf of bread." This is the most succinct description of the consequences of minimum wage hikes I've ever heard. It perfectly encapsulates the reality that if we raise required minimum wages, business owners will be forced to raise prices. Once the prices are raised, the net effect, in terms of buying power, will be zero.

Here's another tough love fact for you today. You are never going to become wealthy by demanding more money from your employer. Everyone listening to me has a chance to become wealthy, but you will only do so by making yourself more valuable. If you make yourself a valuable commodity, I PROMISE you someone will notice. Good help is hard to find, GREAT ASSETS are like treasured jewels. Get knowledge, gain skills, grow in wisdom, and opportunities will find their way to you.

Questions from Listeners:

• From our own Flipping America team: I got someone on the phone who had inherited his mom's house. She has a reverse mortgage with a $103,000 balance on it. The house is worth about $125,000. Are there any creative structures we can use to take this property?

Starr's top 5 Questions: "Investing for Beginners" #Realestateislifeatlanta

• I'm not very good with numbers...What is the best tool to use to calculate my ROI?
• If I have equity in an existing property, how can I turn this in my favor to start building my portfolio?
• As a beginning investor "should I invest out of state?"
• Property rentals are booming right now in Atlanta and there's not enough properties to go around. Should I charge above market value for rent?"
• As a beginner investor, If I partner with another investor on a fix & flip, what measures should be put in place for both parties from your experience Roger?

Motivational Quote: "You won't grow wealthy by demanding more pay. If you want to grow wealthy, make yourself more valuable."