Flipping America

Flipping America

By Roger BlankenshipBusinessEntrepreneurshipInvesting
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Flipping America episodes

  • Working With Realtors, Flipping America 86
    FAR 086 Expected Air Date: 11/11/17 Announcements:
    • NEW NEW! Call in to our comments line! 404-369-1018, extension 1. Leave your message.  
    • [email protected] Tell us where you’re from!
    • Like us on Facebook. www.facebook.com/flippingamericamedia
    • Check in with us every Tuesday for “Tuesdays at Two”
    • Follow us on Twitter @FlippingAmerica
    • IF WE READ YOUR QUESTION ON THE AIR, WE WILL SEND YOU A TICKET TO OUR NEXT FLIPSTARTER EVENT. THAT’S A $97 VALUE!
    News:
    • Happy Veterans Day
    • Living quarters
    • Office Space
    • 7 Things potential buyers do NOT want to see in a house
    Motivational Thoughts for the day
    • 10X by Grant Cardone
    Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: [email protected] Tell us where you’re from!
    • Debra, Calhoun, GA “How do I find the right realtor for my investment business?”
    • Ross, Burlington, NC “I know I need a realtor but I’m not sure what to ask him or her when we meet to talk. Do you have a few questions or topics you can recommend?”
    • Alvin, Jackson, MS, “What do I look for in a realtor?”
    • Elsie, Long Beach CA, “I’m a realtor. Every time the real estate gurus come through town my office is beseiged with calls from new investors, all reading from the same script. They tell me they plan to buy 20 houses a year and so on and so forth. We have heard all of this before. They want us to spend time searching through the MLS to bring them deals. But we know they have no experience, usually no money, and it is rare that any of them will buy anything. They waste our time so we usually don’t call them back. The next thing you know they are saying bad things about us on social media. Please make it stop. We are professionals and take our business seriously. We don’t have time to put up with investor wannabes. We will work with seasoned investors of course and we love them, but need any advice you can give about responding to the new people.”
    • David, Pittsburgh, PA “I’m a new realtor with (agency deleted), I want to work with investors and perhaps do some investing of my own. Where do I find serious investors? A lot of people at the local REIA are just dreamers and most of them will never do a deal.”
    1 hr 1 min
  • Paul Rossano, Building Wealth Through Smart Leverage
    FAR 136 Expected Air Date: 03/29/18 Opening Today we are going to talk about growing wealthy. It may surprise you that we don't talk about it that much on this show. That's because there is more to life than wealth. Wealth is no guarantee of joy and true satisfaction. Although if you're going to be miserable, it might as well be on your own yacht as opposed to a borrowed canoe. Our guest Paul Rosanno teaches people how to be financially happy, which is different from merely being wealthy. He also is going to begin to lay out a path to financial happiness for us through his organization, FYNANC. Paul is the Director of Business Development for the company and spends his time traveling the country teaching not just financial literacy, but investing literacy. If you've seen my video on buying rental properties you know the basic buying formulas I use, but I don't even touch on the subject of using leverage or debt for these properties. Why? Because I can't get that information into a brief video. In order to use leverage correctly, you have to consider several data points and risk factors. That doesn't fit into a short video. So when some guru tells you that you can buy a home in just about any neighborhood, borrow 80% of the purchase price and it will cash-flow, he is either ignorant or just trying to sell you something. There are several components to competent borrowing and it's just sophisticated enough that for many people it's better not to borrow at all. However if you understand the principles Paul can teach you, you can minimize your risk, maximize your return, and invest confidently knowing you have covered the possible downside. This is they way to steadily create wealth, financial freedom, and as he calls it, financial happiness. 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:
    • My upcoming speaking engagements:
      • April 5, Chattanooga REIA
      • April 7, FlipStarter, Chattanooga
      • April 9, Savannah REIA
      • April 14, FlipStarter Savannah
      • April 21, FlipStarter Atlanta
    • Details on the website and at FlipStarterEvent.com
    News:
    • https://www.washingtoncitypaper.com/news/housing-complex/article/20998209/families-get-the-worst-shake-in-dc-real-estate-market
    • https://www.washingtoncitypaper.com/news/housing-complex/article/20998209/families-get-the-worst-shake-in-dc-real-estate-market
    • http://www.southbmore.com/2018/03/26/a-look-at-south-baltimore-real-estate-market-stats-3/
    • https://therealdeal.com/2018/03/27/the-long-view-google-jpmorgan-and-the-new-age-of-super-rich-corporate-real-estate-buyers/
    • https://therealdeal.com/la/2018/03/27/chinese-investment-in-us-real-estate-fell-55-in-2017/
    • http://www.nuwireinvestor.com/best-markets-texas-real-estate-investment-2018/
    • http://thetimes-tribune.com/news/business/hands-off-investing-in-real-estate-1.2317747
    • https://www.housingwire.com/articles/42834-flat-fee-real-estate-agency-purplebricks-secures-177-million-investment-to-fund-us-growth
    • https://www.forbes.com/sites/forbesrealestatecouncil/2018/03/27/the-advantages-of-investing-in-real-estate-for-big-tax-savings-in-2018/#46841f544b95
    • https://techcrunch.com/2018/03/22/skyline-ai-raises-3m-from-sequoia-capital-to-help-real-estate-investors-make-better-decisions/
    • https://www.usnews.com/higher-education/online-education/articles/2018-03-19/7-ways-you-can-study-real-estate-online
    • https://www.forbes.com/sites/erincarlyle/2013/09/18/how-self-made-forbes-400-billionaires-earned-their-money/#54d6124831ae
    • http://financialuproar.com/2015/04/24/do-90-of-millionaires-come-from-real-estate/
    1 hr 1 min
  • Paul Rossano, Building Wealth Through Smart Leverage
    FAR 136 Expected Air Date: 03/29/18 Opening Today we are going to talk about growing wealthy. It may surprise you that we don’t talk about it that much on this show. That’s because there is more to life than wealth. Wealth is no guarantee of joy and true satisfaction. Although if you’re going to be miserable, it might as well be on your own yacht as opposed to a borrowed canoe. Our guest Paul Rosanno teaches people how to be financially happy, which is different from merely being wealthy. He also is going to begin to lay out a path to financial happiness for us through his organization, FYNANC. Paul is the Director of Business Development for the company and spends his time traveling the country teaching not just financial literacy, but investing literacy. If you’ve seen my video on buying rental properties you know the basic buying formulas I use, but I don’t even touch on the subject of using leverage or debt for these properties. Why? Because I can’t get that information into a brief video. In order to use leverage correctly, you have to consider several data points and risk factors. That doesn’t fit into a short video.   So when some guru tells you that you can buy a home in just about any neighborhood, borrow 80% of the purchase price and it will cash-flow, he is either ignorant or just trying to sell you something. There are several components to competent borrowing and it’s just sophisticated enough that for many people it’s better not to borrow at all. However if you understand the principles Paul can teach you, you can minimize your risk, maximize your return, and invest confidently knowing you have covered the possible downside. This is they way to steadily create wealth, financial freedom, and as he calls it, financial happiness. 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:
    • My upcoming speaking engagements:
      • April 5, Chattanooga REIA
      • April 7, FlipStarter, Chattanooga
      • April 9, Savannah REIA
      • April 14, FlipStarter Savannah
      • April 21, FlipStarter Atlanta
    • Details on the website and at FlipStarterEvent.com
    News:
    • https://www.washingtoncitypaper.com/news/housing-complex/article/20998209/families-get-the-worst-shake-in-dc-real-estate-market
    • https://www.washingtoncitypaper.com/news/housing-complex/article/20998209/families-get-the-worst-shake-in-dc-real-estate-market
    • http://www.southbmore.com/2018/03/26/a-look-at-south-baltimore-real-estate-market-stats-3/
    • https://therealdeal.com/2018/03/27/the-long-view-google-jpmorgan-and-the-new-age-of-super-rich-corporate-real-estate-buyers/
    • https://therealdeal.com/la/2018/03/27/chinese-investment-in-us-real-estate-fell-55-in-2017/
    • http://www.nuwireinvestor.com/best-markets-texas-real-estate-investment-2018/
    • http://thetimes-tribune.com/news/business/hands-off-investing-in-real-estate-1.2317747
    • https://www.housingwire.com/articles/42834-flat-fee-real-estate-agency-purplebricks-secures-177-million-investment-to-fund-us-growth
    • https://www.forbes.com/sites/forbesrealestatecouncil/2018/03/27/the-advantages-of-investing-in-real-estate-for-big-tax-savings-in-2018/#46841f544b95
    • https://techcrunch.com/2018/03/22/skyline-ai-raises-3m-from-sequoia-capital-to-help-real-estate-investors-make-better-decisions/
    • https://www.usnews.com/higher-education/online-education/articles/2018-03-19/7-ways-you-can-study-real-estate-online
    • https://www.forbes.com/sites/erincarlyle/2013/09/18/how-self-made-forbes-400-billionaires-earned-their-money/#54d6124831ae
    • http://financialuproar.com/2015/04/24/do-90-of-millionaires-come-from-real-estate/
    1 hr 1 min
  • Worldwide Affordability Index, 2017 Report
    News:
    • https://www.architecturaldigest.com/story/real-estate-markets-us-to-watch-2018
    • https://www.usatoday.com/story/money/2017/12/12/real-estate-market-exclusive-here-top-cities-buy-and-sell-homes/936581001/
    • https://www.usatoday.com/story/money/2017/10/23/heres-why-house-hunting-so-frustrating-right-now/786034001/
    • https://www.usatoday.com/story/news/2017/10/20/50-worst-american-cities-live/784413001/
    • http://www.thedenverchannel.com/lifestyle/real-estate/report-denver-is-14th-most-unaffordable-real-estate-market-in-us-18th-in-north-america
    • Worldwide affordability rankings. The median multiple you divide the median home price by the median salary. 3 is the dividing point. Above that unaffordable. Below, affordable. http://www.demographia.com/dhi.pdf
    • https://www.bloomberg.com/news/articles/2017-12-13/tax-overhaul-could-be-huge-win-for-u-s-real-estate-investors
    • https://www.nytimes.com/2017/12/05/business/economy/tax-bill-real-estate.html
    • https://seekingalpha.com/article/4129717-tax-reform-can-stimulate-real-estate-market-stocks-stand-gain
    • https://slate.com/business/2017/12/housing-markets-worst-hit-by-republican-tax-plan.html
    Emails: [email protected] Tell us where you're from!
    • Alvin, Merced, CA "I have converted my 401K from my previous employer to a self-directed Roth IRA. Now I am looking to invest in someone's deal. Should I invest in someone flipping or in a long-term buy and hold?"
    • Douglas, Mt. Vernon, IL, "There isn't much happening in my town in terms of real estate investing. In fact, I don't know of anyone who does this as an actual job. What would you advise someone like me - interested but unsure of the possibilities?"
      • Look in the legal ads in the paper. Find out the Illinois foreclosure rules. Get down to the courthouse and see who is bidding and what they are bidding on. Make friends. Get a mentor. Talk to local realtors.
    • David, Atlanta, GA "I want to invest passively and I wonder if I can just put up money for you and your team to do some deals?"
    • Ellen, Wakesha, WI, "I think my biggest obstacle to actually buying my first investment property is fear. Can you help me overcome it?"
      • The unknown
      • Self-confidence
      • Risk management
      • Bring in a mentor / experienced partner
    Topics: Worldwide Affordability Index
    1 hr 1 min
  • Worldwide Affordability Index, 2017 Report
    News:
    • https://www.architecturaldigest.com/story/real-estate-markets-us-to-watch-2018
    • https://www.usatoday.com/story/money/2017/12/12/real-estate-market-exclusive-here-top-cities-buy-and-sell-homes/936581001/
    • https://www.usatoday.com/story/money/2017/10/23/heres-why-house-hunting-so-frustrating-right-now/786034001/
    • https://www.usatoday.com/story/news/2017/10/20/50-worst-american-cities-live/784413001/
    • http://www.thedenverchannel.com/lifestyle/real-estate/report-denver-is-14th-most-unaffordable-real-estate-market-in-us-18th-in-north-america
    • Worldwide affordability rankings. The median multiple you divide the median home price by the median salary. 3 is the dividing point. Above that unaffordable. Below, affordable. http://www.demographia.com/dhi.pdf
    • https://www.bloomberg.com/news/articles/2017-12-13/tax-overhaul-could-be-huge-win-for-u-s-real-estate-investors
    • https://www.nytimes.com/2017/12/05/business/economy/tax-bill-real-estate.html
    • https://seekingalpha.com/article/4129717-tax-reform-can-stimulate-real-estate-market-stocks-stand-gain
    • https://slate.com/business/2017/12/housing-markets-worst-hit-by-republican-tax-plan.html
      Emails: [email protected] Tell us where you’re from!
    • Alvin, Merced, CA “I have converted my 401K from my previous employer to a self-directed Roth IRA. Now I am looking to invest in someone’s deal. Should I invest in someone flipping or in a long-term buy and hold?”
    • Douglas, Mt. Vernon, IL, “There isn’t much happening in my town in terms of real estate investing. In fact, I don’t know of anyone who does this as an actual job. What would you advise someone like me - interested but unsure of the possibilities?”
      • Look in the legal ads in the paper. Find out the Illinois foreclosure rules. Get down to the courthouse and see who is bidding and what they are bidding on. Make friends. Get a mentor. Talk to local realtors.
    • David, Atlanta, GA “I want to invest passively and I wonder if I can just put up money for you and your team to do some deals?”
    • Ellen, Wakesha, WI, “I think my biggest obstacle to actually buying my first investment property is fear. Can you help me overcome it?”
      • The unknown
      • Self-confidence
      • Risk management
      • Bring in a mentor / experienced partner
    Topics: Worldwide Affordability Index
    1 hr 1 min
  • David Kraus, Investor, Marketing Genius
    FAR 135 Expected Air Date: 03/26/18 Opening David Kraus has bought over 40 properties for no money down and no credit check. He has accomplished this by using a combination of Land Trust, Wraparound Mortgages, Lease Options and Contract for Deeds. The favorite tool in his arsenal are land trust and his story on how he started using land trust is one to hear. With an investor, David went out and found a very discounted deal in Joliet, Illinois. It was a two unit in need of cosmetic repairs for only $28,000. Once the property was closed it only took 10 days to do the entire rehab. An appraiser then went out and it appraised for $75,000. Running an ad in the paper, a nice couple wanted to purchase the property and put in a contract for $71,000. The bank they were using gathered all the paperwork and the banks appraiser appraised the property for $71,000, the agreed upon asking price. Then the deal started to self destruct. When the lender pulled title and saw the property originally sold less than a month before for only $28,000, they said it was a scam. After presenting the bank with all the paperwork from the rehab, the bank still wouldn't make the loan. Instead they said they wanted the property to season for a year before they would make a loan. So while David and the investor were stuck holding the property, David went out and sought ways to avoid this problem in the future. When he came across land trust it seemed like it could be used to solve the problem but unfortantly there was little information available. So he did the next best thing and took the Vice President of Northern Trust to lunch and picked her brain. The result of lunch and a few more phone calls; the land trust flip was created. Not only could he flip the property but over time David developed ways to eliminate down payments, flip deals without owning them and acquire properties with no money out of his pocket. He is now expanding his investment business by implementing national marketing for both discounted properties and investors using the same techniques he has used for years. 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:
    • My upcoming speaking engagements:
      • April 5, Chattanooga REIA
      • April 7, FlipStarter, Chattanooga
      • April 9, Savannah REIA
      • April 14, FlipStarter Savannah
      • April 21, FlipStarter Atlanta
    • Details on the website and at FlipStarterEvent.com
    Motivational Thoughts for the day
    • "What you lack in talent can be made up with desire, hustle and giving 110% all the time." – Don Zimmer.
    Emails: [email protected] Tell us where you're from!
    • Faith from Omaha, NE "Can you explain a mortgage wrap and when I would use it? I'm a new investor and excited to get started."
    • Sandy from McDonough, GA "Would you rather buy one flip where you could make $30,000 or two rentals where you could make $800 per month together?" Kimberly, West Miffin, PA "We have a rental house that will come vacant at the end of March. We are thinking of selling it. Should we wait to list it in June or go ahead and list it? We are thinking in might sell for more during the peak buying season."
    • Frieda, Ocala, FL, "Thanks for the show about mobile home parks. We live in one and love it. We retired to Florida to enjoy doing things with our friends, not take care of a house and yard. This is perfect for us and for everyone in our community. We are saddened to hear that cities and towns are no longer allowing new mobile home communities. Given the need for affordable housing in our nation right now, you'd think that lawmakers would be open to a wider range of possibilities. Stanley and I were able to sell our home, buy our current place with cash, invest the difference safely and lead comfortable lives doing what we want to do. I hope you'll share this letter with your listeners and encourage leaders to allow more new mobile home communities across the country."
    • Jason, Harrisburg, PA, "is there one best source for deal flow? If there is, what is it?"
    1 hr 1 min
  • David Kraus, Investor, Marketing Genius
    FAR 135 Expected Air Date: 03/26/18 Opening David Kraus has bought over 40 properties for no money down and no credit check. He has accomplished this by using a combination of Land Trust, Wraparound Mortgages, Lease Options and Contract for Deeds. The favorite tool in his arsenal are land trust and his story on how he started using land trust is one to hear. With an investor, David went out and found a very discounted deal in Joliet, Illinois. It was a two unit in need of cosmetic repairs for only $28,000. Once the property was closed it only took 10 days to do the entire rehab. An appraiser then went out and it appraised for $75,000. Running an ad in the paper, a nice couple wanted to purchase the property and put in a contract for $71,000. The bank they were using gathered all the paperwork and the banks appraiser appraised the property for $71,000, the agreed upon asking price. Then the deal started to self destruct. When the lender pulled title and saw the property originally sold less than a month before for only $28,000, they said it was a scam. After presenting the bank with all the paperwork from the rehab, the bank still wouldn't make the loan. Instead they said they wanted the property to season for a year before they would make a loan. So while David and the investor were stuck holding the property, David went out and sought ways to avoid this problem in the future. When he came across land trust it seemed like it could be used to solve the problem but unfortantly there was little information available. So he did the next best thing and took the Vice President of Northern Trust to lunch and picked her brain. The result of lunch and a few more phone calls; the land trust flip was created. Not only could he flip the property but over time David developed ways to eliminate down payments, flip deals without owning them and acquire properties with no money out of his pocket. He is now expanding his investment business by implementing national marketing for both discounted properties and investors using the same techniques he has used for years. 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:
    • My upcoming speaking engagements:
      • April 5, Chattanooga REIA
      • April 7, FlipStarter, Chattanooga
      • April 9, Savannah REIA
      • April 14, FlipStarter Savannah
      • April 21, FlipStarter Atlanta
    • Details on the website and at FlipStarterEvent.com
    Motivational Thoughts for the day
    • “What you lack in talent can be made up with desire, hustle and giving 110% all the time.” – Don Zimmer.
    Emails: [email protected] Tell us where you’re from!
    • Faith from Omaha, NE “Can you explain a mortgage wrap and when I would use it? I’m a new investor and excited to get started.”
    • Sandy from McDonough, GA “Would you rather buy one flip where you could make $30,000 or two rentals where you could make $800 per month together?” Kimberly, West Miffin, PA “We have a rental house that will come vacant at the end of March. We are thinking of selling it. Should we wait to list it in June or go ahead and list it? We are thinking in might sell for more during the peak buying season.”
    • Frieda, Ocala, FL, “Thanks for the show about mobile home parks. We live in one and love it. We retired to Florida to enjoy doing things with our friends, not take care of a house and yard. This is perfect for us and for everyone in our community. We are saddened to hear that cities and towns are no longer allowing new mobile home communities. Given the need for affordable housing in our nation right now, you’d think that lawmakers would be open to a wider range of possibilities. Stanley and I were able to sell our home, buy our current place with cash, invest the difference safely and lead comfortable lives doing what we want to do. I hope you’ll share this letter with your listeners and encourage leaders to allow more new mobile home communities across the country.”
    • Jason, Harrisburg, PA, “is there one best source for deal flow? If there is, what is it?”
    1 hr 1 min
  • Investing in Mobile Home Parks, Jefferson LIlly
    FAR 134 Expected Air Date: 03/24/18 Opening Good morning everyone. My father always used to say, "invest in dirt -- they are not making any more of it." True wisdom. Today we are going to feature a real estate asset class where, if you can find it, you can make a 12-15% return on your money. The challenge is this - they aren't making any more of them. What am I talking about? Mobile Home Parks. Mobile home parks have always gotten a bad rap, but the truth is, these parks provide low cost living environments for working class people, usually have a lower than normal crime rate compared to the immediately surrounding area, and offer an inexpensive way for anyone to put a roof over their head. Mobile home parks are often the butt of jokes and objects of scorn or derision from the more well-to-do. And the people getting elected to local offices more often than not come from the more well-to-do classes. Because of this, mobile home parks are being regulated and/or zoned right out of existence. My guest today is Jefferson Lilly, one of the founders of Park Street Partners and operator of mobilehomeparkinvestors.com. Jefferson will join us in a few moments and we will talk mobile home park investing. As a bonus today, after the show airs we are posting a dozen resource links around the internet for you to do some more reading on this subject. In addition to being a successful investor himself, Jefferson provides an opportunity for you to invest in his success and enjoy solid returns on a passive investment. 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:
    • My upcoming speaking engagements:
      • April 5, Chattanooga REIA
      • April 7, FlipStarter, Chattanooga
      • April 9, Savannah REIA
      • April 14, FlipStarter Savannah
      • April 21, FlipStarter Atlanta
    • Details on the website and at FlipStarterEvent.com
    News:
    • https://www.curbed.com/2017/11/10/16633964/mobile-home-parks-represent-changing-face-of-affordable-housing-challenge
    • https://www.mobilehomeuniversity.com/articles/why-you-dont-want-to-build-a-mobile-home-park.php
    • https://www.curbed.com/2017/9/13/16275948/mobile-manufactured-homes-clayton-trailers
    • http://time.com/4710619/the-home-of-the-future/
    • https://www.forbes.com/sites/brandonturner/2017/07/11/7-powerful-benefits-to-mobile-home-park-investing/#1fa74b0a6e92
    • https://www.citylab.com/equity/2017/10/why-mobile-homes-hamper-the-american-dream/543906/
    • https://www.bankrate.com/finance/real-estate/downsizing-to-mobile-home-beware-the-pitfalls.aspx
    • https://www.mobilehomeparkstore.com/mobile-home-parks-for-sale
    • http://www.loopnet.com/mobile-home-and-rv-parks-for-sale/
    • https://www.biggerpockets.com/forums/30/topics/303868-where-do-you-find-mobile-home-parks-for-sale
    • https://www.mobilehomeuniversity.com/articles/top-five-ways-to-find-a-mobile-home-park-to-buy.php
    Special Guest
    • Jefferson Lilly
    Motivational Thoughts for the day
    • "The dream is free. The hustle is sold separately." – Unknown
    1 hr 1 min
  • Investing in Mobile Home Parks, Jefferson LIlly
    FAR 134 Expected Air Date: 03/24/18 Opening Good morning everyone. My father always used to say, “invest in dirt -- they are not making any more of it.” True wisdom. Today we are going to feature a real estate asset class where, if you can find it, you can make a 12-15% return on your money. The challenge is this - they aren’t making any more of them. What am I talking about? Mobile Home Parks. Mobile home parks have always gotten a bad rap, but the truth is, these parks provide low cost living environments for working class people, usually have a lower than normal crime rate compared to the immediately surrounding area, and offer an inexpensive way for anyone to put a roof over their head. Mobile home parks are often the butt of jokes and objects of scorn or derision from the more well-to-do. And the people getting elected to local offices more often than not come from the more well-to-do classes. Because of this, mobile home parks are being regulated and/or zoned right out of existence.   My guest today is Jefferson Lilly, one of the founders of Park Street Partners and operator of mobilehomeparkinvestors.com. Jefferson will join us in a few moments and we will talk mobile home park investing. As a bonus today, after the show airs we are posting a dozen resource links around the internet for you to do some more reading on this subject. In addition to being a successful investor himself, Jefferson provides an opportunity for you to invest in his success and enjoy solid returns on a passive investment. 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:
    • My upcoming speaking engagements:
      • April 5, Chattanooga REIA
      • April 7, FlipStarter, Chattanooga
      • April 9, Savannah REIA
      • April 14, FlipStarter Savannah
      • April 21, FlipStarter Atlanta
    • Details on the website and at FlipStarterEvent.com
    News:
    • https://www.curbed.com/2017/11/10/16633964/mobile-home-parks-represent-changing-face-of-affordable-housing-challenge
    • https://www.mobilehomeuniversity.com/articles/why-you-dont-want-to-build-a-mobile-home-park.php
    • https://www.curbed.com/2017/9/13/16275948/mobile-manufactured-homes-clayton-trailers
    • http://time.com/4710619/the-home-of-the-future/
    • https://www.forbes.com/sites/brandonturner/2017/07/11/7-powerful-benefits-to-mobile-home-park-investing/#1fa74b0a6e92
    • https://www.citylab.com/equity/2017/10/why-mobile-homes-hamper-the-american-dream/543906/
    • https://www.bankrate.com/finance/real-estate/downsizing-to-mobile-home-beware-the-pitfalls.aspx
    • https://www.mobilehomeparkstore.com/mobile-home-parks-for-sale
    • http://www.loopnet.com/mobile-home-and-rv-parks-for-sale/
    • https://www.biggerpockets.com/forums/30/topics/303868-where-do-you-find-mobile-home-parks-for-sale
    • https://www.mobilehomeuniversity.com/articles/top-five-ways-to-find-a-mobile-home-park-to-buy.php
    Special Guest
    • Jefferson Lilly
    Motivational Thoughts for the day
    • “The dream is free. The hustle is sold separately.” – Unknown
    1 hr 1 min
  • TommyRun, with Jarr Strydom
    FAR 133 Expected Air Date: 03/22/18 Opening Have you ever been on a job site and realized that you were short in some of your supplies? Perhaps you need another eight bags of quick-crete. Or the light fixtures weren't included because someone forgot to order them? Trips back to the lumberyard or big box store are inevitable (in my case, MULTIPLE trips). So now you have some really expensive skilled laborers heading over to the store, losing 2-3 hours of productivity in the process, and throwing your schedule off place. Today's guest is working on a solution to this problem. The company is TommyRun. They are like Uber Eats for contractors. Instead of delivering food, they deliver needed lumber and building materials - right to the job site. I think this is going to really help the process out. Our guest today, Jarr Strydom, is one of the founders of the company. 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:
    • My upcoming speaking engagements:
      • April 5, Chattanooga REIA
      • April 7, FlipStarter, Chattanooga
      • April 9, Savannah REIA
      • April 14, FlipStarter Savannah
      • April 21, FlipStarter Atlanta
    • Details on the website and at FlipStarterEvent.com
    News:
    • https://www.digitaltrends.com/home/million-dollar-listing-features/
    • https://www.forbes.com/sites/forbesrealestatecouncil/2018/03/15/why-real-estate-investors-should-borrow-the-checklist-strategy-from-doctors-and-pilots/#61cc80f4516b
    • https://michiganavemag.com/real-estate-experts-weigh-in-on-the-latest-trends
    • https://www.forbes.com/sites/ellenparis/2018/03/21/how-to-win-a-real-estate-bidding-war-advice-from-the-pros/#34007fe35463
    • https://www.forbes.com/sites/forbesrealestatecouncil/2018/03/20/real-estate-pros-share-their-favorite-resource-for-market-trends/2/#678c6ee87a2c
    • https://www.forbes.com/sites/jrose/2018/03/21/5-savvy-ways-to-invest/2/#a9f4b4474ec3
    Special Guest
    • Jarr Strydom, TommyRun
    Emails: [email protected] Tell us where you're from!
    • Robert, Des Moine IA, "I'm new and diving in. Can you give me some ideas on where to find deals?"
    1 hr 1 min

About Flipping America

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We teach you how to make money in real estate. We cover news, trends, styles, markets, demographics, and technology that affect real estate investing. We also talk to market leaders and trend setters. Lastly, there's a bit of how-to information on nearly every show, with topics, Q&A from listeners, and presentations from our guests. Learn how to make and grow a fortune in your spare time or as a new career.