Flipping America

FAR 112 Expected Air Date: 01/25/18 Opening: Hello everyone. I am Roger Blankenship and I teach people how to make money in Real Estate. Today we are going back to the basics. People seem to be coming out of the woodwork asking questions about getting started as active real estate investors. Today we are going to cover the basic buying rules. I’ve got a formula I’ve used for years in buying flips. If you’ve had any training at all on the subject, the formula may be familiar to you, but I’m going to explain the reasoning behind it and why you should not violate this rule - meaning pay too much for the property. Then I’m going to give you a couple of formulas for buying rentals and connect them to capitalization rate. All that is just ahead. Heads up! You can get this information in video form by subscribing to the Network! We are getting a ton of questions about private lending as well so we are going to cover that topic Saturday. And sandwiched in-between... If you’re in the Atlanta area, plan to come out tomorrow morning to hear Roger Herring in person as he covers tax reform and its implications for us. I’m looking forward to being there. Send an email to [email protected] and Roger’s assistant will send you what you need to get in.   Announcements:

• NEW NEW! www.flippingamericanetwork.com is LIVE
• 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:

• https://www.benzinga.com/pressreleases/18/01/p11073843/global-wellness-institute-releases-landmark-report-build-well-to-live-
• https://www.fastcompany.com/40512467/utopic-wellness-communities-are-a-multibillion-dollar-real-estate-trend
• http://www.digitaljournal.com/pr/3632224
• https://www.cnbc.com/2018/01/23/enough-with-the-doom-and-gloom-retail-real-estate-has-bright-spots.html
• https://simplywall.st/stocks/sg/real-estate/sgx-c2pu/parkway-life-real-estate-investment-trust-shares/news/parkway-life-real-estate-investment-trust-sgxc2pu-is-a-real-dividend-rock-star-here-is-why/
• http://www.nreionline.com/finance-investment/new-tax-laws-likely-increase-hnw-investment-real-estate
• https://therealdeal.com/2018/01/25/hamptons-housing-market-ends-2017-on-a-high-note/
• https://www.pressherald.com/2018/01/24/maine-housing-market-continues-record-breaking-streak/

Emails: [email protected] Tell us where you’re from!

• DeOnna, Columbia, SC “How much money will I need in order to buy a rental house?”
• Shawn, “Milwaukee, WI “I have a full-time job but want to get into this. How much time to I need to plan in order to pick up a few houses a year?”
• Angelina, Long Beach, CA “With my busy life, I don’t know how to make time to become an investor but i want to. Please help me figure this out?”
• Errol, Little Rock Ak, “How do you find properties to keep your deal flow?”

FAR 111 Expected Air Date: 01/22/18 Opening: Hello everyone. I am Roger Blankenship and I teach people how to make money in Real Estate. Roger Herring is going to be joining us in a few moments and we are going to talk about the implications of the new tax bill. Roger is the founder of Investors' Accounting and works with investors nationwide. We started the conversation on Saturday's show and just couldn't get finished so we are going to finish that conversation today. If you're in the Atlanta area, plan to come out Friday morning to hear Roger Herring in person. Send an email to [email protected] and Roger's assistant will send you what you need to get in. Announcements:

• NEW NEW! www.flippingamericanetwork.com is LIVE
• FlipStarter Tampa is January 20. FlipStarter Dallas is Feb 10. www.flipstarterevent.com
• 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:

• https://www.theguardian.com/cities/2018/jan/16/beginning-end-trump-real-estate-empire
• https://www.inman.com/2018/01/16/the-essential-guide-to-real-estate-and-tax-reform/

Special Guest

• Roger Herring

Emails: [email protected] Tell us where you're from!

• Kendrick, Milwaukee, WI "I'm new at this. One person tells me I need to build a buyers' list. Another says I need to line up funding. And a third person told me I just need to start networking. I figure I might as well as you to weigh in. What do you recommend?"

FAR 111 Expected Air Date: 01/22/18 Opening: Hello everyone. I am Roger Blankenship and I teach people how to make money in Real Estate. Roger Herring is going to be joining us in a few moments and we are going to talk about the implications of the new tax bill. Roger is the founder of Investors’ Accounting and works with investors nationwide. We started the conversation on Saturday’s show and just couldn’t get finished so we are going to finish that conversation today. If you’re in the Atlanta area, plan to come out Friday morning to hear Roger Herring in person. Send an email to [email protected] and Roger’s assistant will send you what you need to get in. Announcements:

• NEW NEW! www.flippingamericanetwork.com is LIVE
• FlipStarter Tampa is January 20. FlipStarter Dallas is Feb 10. www.flipstarterevent.com
• 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:

• https://www.theguardian.com/cities/2018/jan/16/beginning-end-trump-real-estate-empire
• https://www.inman.com/2018/01/16/the-essential-guide-to-real-estate-and-tax-reform/

Special Guest

• Roger Herring

Emails: [email protected] Tell us where you’re from!

• Kendrick, Milwaukee, WI “I’m new at this. One person tells me I need to build a buyers’ list. Another says I need to line up funding. And a third person told me I just need to start networking. I figure I might as well as you to weigh in. What do you recommend?”

FAR 110 Expected Air Date: 01/20/17 Opening: Hello everyone. I am Roger Blankenship and I teach people how to make money in Real Estate. Roger Herring is going to be joining us in a few moments and we are going to talk about the implications of the new tax bill. Roger is the founder of Investors' Accounting and works with investors nationwide. He eats, drinks, and sleeps the tax code. He has it on an app that he uses for his bedside reading. I know you don't want to miss what he has to say. We are in Tampa today conducting FlipStarter Tampa. Next month Feb 11 we will be in Dallas, TX. If you want to learn how to flip houses, you owe it to yourself to check this event out at FlipStarterEvent.com. Here's a bit of what you are missing: Announcements:

• NEW NEW! www.flippingamericanetwork.com is LIVE
• FlipStarter Tampa is January 20. FlipStarter Dallas is Feb 10. www.flipstarterevent.com
• 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:

• http://www.dispatch.com/entertainmentlife/20180115/hot-real-estate-markets-in-2018-leave-midwest-cold
• http://business.financialpost.com/real-estate/housing-market-to-hit-slow-patch-on-back-of-interest-rate-hike-new-mortgage-rules
• https://www.lohud.com/story/news/local/2018/01/16/lower-hudson-valley-housing-market-hits-plateau/1024495001/
• Not really what it says it's about. I expected criteria and methods for moving into a new market. Useful information though. https://www.washingtonpost.com/news/where-we-live/wp/2018/01/15/how-to-expand-your-real-estate-investing-business-into-a-new-market/?utm_term=.0853404af61b
• https://www.theguardian.com/cities/2018/jan/16/beginning-end-trump-real-estate-empire
• https://www.inman.com/2018/01/16/the-essential-guide-to-real-estate-and-tax-reform/

Special Guest

• Roger Herring

Emails: [email protected] Tell us where you're from!

• Francis from Pittsburgh, PA. "You've been saying for some time that the market is going to slow down in 2018. I flip houses part time here in Pittsburgh. What does that mean for me and others like me?"

FAR 110 Expected Air Date: 01/20/17 Opening: Hello everyone. I am Roger Blankenship and I teach people how to make money in Real Estate. Roger Herring is going to be joining us in a few moments and we are going to talk about the implications of the new tax bill. Roger is the founder of Investors’ Accounting and works with investors nationwide. He eats, drinks, and sleeps the tax code. He has it on an app that he uses for his bedside reading. I know you don’t want to miss what he has to say.   We are in Tampa today conducting FlipStarter Tampa. Next month Feb 11 we will be in Dallas, TX. If you want to learn how to flip houses, you owe it to yourself to check this event out at FlipStarterEvent.com. Here’s a bit of what you are missing: Announcements:

• NEW NEW! www.flippingamericanetwork.com is LIVE
• FlipStarter Tampa is January 20. FlipStarter Dallas is Feb 10. www.flipstarterevent.com
• 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:

• http://www.dispatch.com/entertainmentlife/20180115/hot-real-estate-markets-in-2018-leave-midwest-cold
• http://business.financialpost.com/real-estate/housing-market-to-hit-slow-patch-on-back-of-interest-rate-hike-new-mortgage-rules
• https://www.lohud.com/story/news/local/2018/01/16/lower-hudson-valley-housing-market-hits-plateau/1024495001/
• Not really what it says it’s about. I expected criteria and methods for moving into a new  market. Useful information though. https://www.washingtonpost.com/news/where-we-live/wp/2018/01/15/how-to-expand-your-real-estate-investing-business-into-a-new-market/?utm_term=.0853404af61b
• https://www.theguardian.com/cities/2018/jan/16/beginning-end-trump-real-estate-empire
• https://www.inman.com/2018/01/16/the-essential-guide-to-real-estate-and-tax-reform/

Special Guest

• Roger Herring

Emails: [email protected] Tell us where you’re from!

• Francis from Pittsburgh, PA. “You’ve been saying for some time that the market is going to slow down in 2018. I flip houses part time here in Pittsburgh. What does that mean for me and others like me?”

FAR 109 Expected Air Date: 01/18/17 Opening: Hello everyone. I am Roger Blankenship and I teach people how to make money in Real Estate. Today we have Tangie Cousins visiting with us. Tangie is a Senior Account Manager for ForeclosuresDaily.com. She's been with the company since they started more than 14 years ago. If you want to be an investor you need inventory. And if you want inventory the best source is the seller who has not yet listed their property. ForeclosuresDaily.com is a place to get direct access to these people. It may be someone who has moved away, or someone who has inherited a property, or someone who is struggling and is in the foreclosure process. We will speak with Tangie in just a few moments, but first let's do the news! Bitcoin and crypto-currency are leading off today with two stories. I think it's mostly hype and i'm not alone in that thinking, but I feel duty-bound to bring you the stories anyway. Announcements:

• NEW NEW! www.flippingamericanetwork.com is LIVE
• FlipStarter Tampa is January 20. FlipStarter Dallas is Feb 10. www.flipstarterevent.com
• 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:

• https://www.americanbanker.com/news/could-blockchains-replace-banks-in-real-estate-lending
• https://www.japantimes.co.jp/news/2018/01/15/business/economy-business/bitcoin-fever-hits-u-s-real-estate-market/#.Wl6J-5Opksk
• https://www.theguardian.com/cities/2018/jan/16/beginning-end-trump-real-estate-empire
• https://www.inman.com/2018/01/16/the-essential-guide-to-real-estate-and-tax-reform/

Special Guest

• Tangie Cousins

Emails: [email protected] Tell us where you're from!

• Christina, Long Beach CA. I can't come across the country this weekend to be at FlipStarter but I SO much want to attend this course. Will you be bringing it to California anytime soon?

FAR 109 Expected Air Date: 01/18/17 Opening: Hello everyone. I am Roger Blankenship and I teach people how to make money in Real Estate. Today we have Tangie Cousins visiting with us. Tangie is a Senior Account Manager for ForeclosuresDaily.com. She’s been with the company since they started more than 14 years ago. If you want to be an investor you need inventory. And if you want inventory the best source is the seller who has not yet listed their property. ForeclosuresDaily.com is a place to get direct access to these people. It may be someone who has moved away, or someone who has inherited a property, or someone who is struggling and is in the foreclosure process.   We will speak with Tangie in just a few moments, but first let’s do the news! Bitcoin and crypto-currency are leading off today with two stories. I think it’s mostly hype and i’m not alone in that thinking, but I feel duty-bound to bring you the stories anyway. Announcements:

• NEW NEW! www.flippingamericanetwork.com is LIVE
• FlipStarter Tampa is January 20. FlipStarter Dallas is Feb 10. www.flipstarterevent.com
• 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:

• https://www.americanbanker.com/news/could-blockchains-replace-banks-in-real-estate-lending
• https://www.japantimes.co.jp/news/2018/01/15/business/economy-business/bitcoin-fever-hits-u-s-real-estate-market/#.Wl6J-5Opksk
• https://www.theguardian.com/cities/2018/jan/16/beginning-end-trump-real-estate-empire
• https://www.inman.com/2018/01/16/the-essential-guide-to-real-estate-and-tax-reform/

Special Guest

• Tangie Cousins

Emails: [email protected] Tell us where you’re from!

• Christina, Long Beach CA. I can’t come across the country this weekend to be at FlipStarter but I SO much want to attend this course. Will you be bringing it to California anytime soon?

FAR 108 Expected Air Date: 01/15/17 Opening: Back by popular demand, we are going to discuss again today the 85 ways to make money in real estate. There are sub-categories and sub-sub tactics and methods, but these are the 85 major ways. We tried for a list of 100, but after 85 we were repeating ourselves. This time around we are organizing the ways a bit. Here's a helpful insight: Although there are 85 ways to make money, they all fall into one of five categories:

1. Active Buying and Selling
2. Buying and holding for cash flow and equity development
3. Passive investing through lending or equity share purchases.
4. Marketing real estate
5. Vendor or supplier

Announcements:

• NEW NEW! www.flippingamericanetwork.com is LIVE
• FlipStarter Tampa is January 20. FlipStarter Dallas is Feb 10. www.flipstarterevent.com
• 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!

Emails: [email protected] Tell us where you're from!

• Ron, Jacksonville, FL "Did I hear you say it's a bad idea to buy a rental property from a full-service company that provides the rented house for you and financing if you need it?"
• Deann, Atlanta, GA. "I go through the process you have described and end up with a maximum offer far less than the price the seller is asking. Should I just go ahead and make the offer? It seems like possibly a waste of time - both mine and the sellers."
  • If an individual from your marketing, sit down and show them the numbers. Then make the offer. Tony's illustration of the tow truck...
  • If a bank or a HUD house, make the offer.
• Max, Chattanooga, TN "Please go over how many offers I need to make in order to buy one house per month. It doesn't seem like I have enough time to do this part time."
• Sharon, Clearwater, FL "I appreciated so much what you shared on the show last Saturday. My husband and I retired to Clearwater in 2006 and took our life savings and invested in real estate here. We thought we couldn't miss, but boy did we ever. We lost almost everything. Your words were very encouraging. We've been trying to get re-started but both had to go back to work part-time to maintain our modest lifestyle here. We are still interested in real estate, but need some guidance on how to get started."

Topics:

• Eighty Five Ways to Make Money in Real Estate
• There is overlap and many of them are similar. Some items are more of a source for deal flow than a separate strategy. We create another item if the skill set or knowledge required is significantly different. None of them will be radically different, but each area or source has a different twist.
• This was the topic for show number 80, but we have taken the list a little further and deeper by grouping the list into five broad categories:
  • Active Build or Repair and Sell. Items will fall into this category if you buy with the intent of adding value by any means (not always repairs) and re-selling within one year.
  • Active Buy and Hold. These are investments made with the intent to create cash flow.
  • Passive. You put up the money and it creates income for you. No tenants, toilets, contractors. Just the money.
  • Marketing. This includes all real estate related marketing jobs, which is more than simply being a Realtor
  • Vendor. Provide goods or services to real estate investors and the real estate community.

Eighty Five Ways p, f, m, v, or b Passive, Fix and Flip, Marketing, Vendor, or Buy and Hold Buy and Hold b Hybrid fix and Hold b Small Multi-family (duplex through quads) b Small Apartments (5-50 units) b Large Apartments b Small Office b Large Office b Commercial Sub-leasing (Regus, WeWork, etc.) b Virtual Office b Triple Net Leasing - large companies don't always want to own the real estate. b Manufacturing / Industrial b Retail b Motel / Hotel b Raw Land b Farm Investing b Timber b Water/Mineral/Oil/Gas rights b Mobile Homes b Mobile Home Parks b RV Parks b Vacation Rentals b Billboards b Mini-storage b Business short-stay (AirBnB) b Real Estate Syndication b 1031 Exchanges b 26 Bird Dog f Wholesaler f Fix and Flip f New Every 2 Flip strategy f Turn Key Rental sales f Lease Arbitrage f Apartment wholesaler f Fix and Flip Apartments any size f Single family developer f Commercial developer f Non-performing Notes f Performing Notes f New Construction Residential f New Construction Commercial f International investing f 15 Auctions f or b Foreclosure sales f or b Tax Liens f or b Subject-To f or b HUD sales f or b VA sales f or b Bulk packages f or b Joint Ventures f or b 8 Residential Realtor m Commercial Realtor m Real Estate Marketer m Realtor Lead Generation m Realtor Lead Management m Leveraged Contract for Deed m Residential Mortgage Lender m Commercial Mortgage Lender m Lending Broker m Property Management, Residential m Property Management, Commercial m Own the Brokerage m Retirement Specialist m 13 REIT p Crowd Funding p Stock in publicly traded RE company p Cash Lender p IRA Lender p Real Estate Private Equity Fund p 6 Appraiser v Home Inspector v Insurance Agent v Title/Escrow Agent v Real Estate Attorney v Real Estate Accountant v Resident Manager v Handyman v Contractor v Project Manager v Real estate photography v Consulting / Mentoring v Blogging v Author v REIA owner v Trainer / Guru v Radio Host! (wait - we were talking about making money…) v 17