Flipping America

Ok kids, it's time to open the mailbag and answer some of your questions. Today we are focusing on questions concerning rental properties.

It's one of my most favorite times of the year - the beginning of the college football season. I can barely tolerate the political posturing and virtue signaling of all professional sports these days, and I find watching baseball or golf is just an inducement to take a nap. So as the years go by I'm increasingly stoked about the start of the college football season. How does this tie in to real estate? Stay tuned for a minute and you'll see. I'm going to be joined today by one of my partners, Ari Weinberg, who is the developmental motor behind the soon-to-be-released all new Flipping America Network AKA "The FAN." Full confession: we tried to release the FAN a year and a half ago and realized we had a LOT of work to do to make the app function and easy to use. So we pulled it and have been steadily working to make this thing great. Spoiler alert - we are going to talk about real estate and the FAN for 2-3 minutes today and the rest of the show is a preview of the upcoming college football season. So the answer to the question in the opening about tying this in to real estate? Ummm. well… not really. We are just going to have a little fun.

A lot of talk, several books, and valuable minutes of nearly every self-help seminar conducted in the past 10 years have been devoted to the topic of "Knowing Your Why." It's a trend for a good reason. It's important to know your Why and it's important to get beyond trivial things like "money" and "the stuff you buy with money." I value and salute the idea of "knowing your Why." But today I'm going to balance that with not a competing, but complementary idea. "Know Your Why Not."

The first thing we tell you is "don't quit your day job." But you just won't listen to me so the next thing I'll tell you is "how to quit your day job." Passion is overrated. Job stability is underrated. Financial security is a big plus in life. Your real estate career will take off and blossom if you can stay in your job while you get started. You'll enjoy financial security and the luxury of easing into offer-making. This is clearly the best way to do it. So who cares if you stay at a meaningless or boring job for another year or two? I assure you you will prefer the boredom over the anxiety of not being able to pay all your bills. Today I'll give you a glide path that takes into consideration everything you'll need to think about as you make this big life transition.

You've got questions? We've got the internet, er, we've got experts, um, we've got the Realty Bluebook. Seriously, today on Flipping America, we've got a pile of answers coming your way. Hopefully some of them will connect with your questions. Here's your reminder that if you have questions about real estate or real estate investing, you can send them to [email protected]. Or you can call 877-55-ROGER (877-557-6437) ext 1 and leave your question. We answer every question that comes in, usually within 24 hours, and some of them make it to the show. There is an exception to the promise of answering every question. We are not going to do your homework for you. We can't run comps on your potential property and we can't really tell you if a particular deal is one you should do. We couldn't possibly know enough about any particular situation. But if your question is more broadly useful to others, it's ideal for our use. So keep on sending them!

It doesn't matter how many times you get knocked down. As long as you get back up. Everyone listening to my voice has been down. Some of you are right now. Today I'm going to help you get back up. Adversity is baked into the human experience. Bad things happen to us beyond our control. Bad things happen because of our choices (those can often be worse on our psyches). Sometimes, we feel bad. Sometimes anxious We get rejected. Our plans fall apart. Our kids make mistakes. We lose things. We lose people. And we go down. Today I am going to Talk it up, so I want you to Listen up because I'm going to ask you to Toughen up while you Lighten up at the same time. Then we are going to Light it up, then Follow up and last, but probably most important I'm going to ask you to Look up. If you do these things, you'll get back up. I can't promise it will be easy. I've been down and I know how hard it is to come back. If you are feeling depressed from self-blame, angry from blaming others, or both at the same time, I get you. I feel you. If you listen up, I think I can help you. It's not pious platitudes from pop psychology class. It's the shared experience of a friend who is probably only one or 2 steps ahead of you right now. I'm reaching out for you right now. Take my hand, lend me your ear for another 27 minutes, and let's Get UP.

Have you ever wished you could just type an address into your computer and let it tell you whether or not it would be a good investment? That day has arrived. For years I've wanted to speed up deal analysis. I've written formulas, created spreadsheets, even built my own relational database. I have tried every product out there, spent thousands of dollars and hundreds of hours just trying to save time in the day-to-day chase of that next deal. Thanks to a partnership with our new friends over at House Folios, we are ready to introduce Flipping America GO. HouseFolios created a fantastic user experience with several ideas I only WISH I had thought of. I've been able to share with them my formulas, rehab and profit assumptions, and even my step by step checklists for the various phases of an investment property. All of this is being incorporated into GO. GO allows you to sift through thousands of single family properties and find the best deals fast. GO is built for everyone, whether they are brand new or a seasoned veteran. You can save your preferred property assumptions so that when you see a green light, GO. You know the property meets your criteria and is a good deal for you. If you're new to investing, don't worry. GO comes with settings already created and used by experienced investors which will help get you started. Whether you analyze spreadsheets or scan the MLS, whether the house is on or off the market, GO will help you find and analyze the property. Analyzing a property will show you all the key indicators to a good investment. GO will show you whether the property meets your criteria with easy to understand graphics that show you how many of your investing criteria have been met. GO considers your criteria for multiple investment strategies and recommends the best strategy for each property. You can dig into all the numbers and where they came from. Look at the comps, remove those that don't fit and add others. Once you are confident, you can create a property pro forma with a click of a button. On top of all that, you can apply for lending and even submit an offer, all from within the GO platform. It's 100% risk-free with our 30 day guarantee. Action is the key to this business. So sign up today and GO.