Flipping America

FAR 103 Expected Air Date: 01/04/17 Opening: Passive Investing Strategies. 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.businessinsider.com/manhattan-real-estate-sales-slow-as-tax-reform-looms-2018-1
• https://www.inman.com/2017/12/28/3-real-estate-tech-trends-to-keep-an-eye-on-in-2018/
• http://flatheadbeacon.com/2018/01/03/outlook-2018-record-year-2017-real-estate-looks-hold-momentum/
• http://time.com/money/5075666/kitchen-design-trends-cost/
• https://www.forbes.com/sites/forbesrealestatecouncil/2018/01/02/11-biggest-real-estate-mistakes-and-what-to-learn-from-them/#412e67f72463
• https://www.denverpost.com/2018/01/03/denver-real-estate-slowdown/
• https://www.forbes.com/sites/samanthasharf/2018/01/03/housing-outlook-2018-six-predictions-from-the-experts/#55ce69004066

Topics:

• Private Lending
  • Why loan money?
    • Passive Strategy
      • Different taxation
      • Different effort level
    • Good returns
      • 8-10% on loans
      • More in JV Situations
        • Risk of no profit
        • Risk of loss
    • Safe
      • Proper Loan to value ratio at all times.
      • Check ups on work (especially in the first few deals with investor)
  • Gap Funding
    • What it is
    • Advantages
    • Disadvantages
    • What is reasonable to expect.
  • Equity Partnerships
    • What is it
    • Advantages
    • Disadvantages
    • What is a reasonable return
  • Funding Rentals
    • Be the bank
      • Minimized Risk
      • Sell the paper
    • Long-term income
      • Steady
      • Safe
  • Using a self-directed IRA
    • Can invest in any or all of the above.
    • Can even invest in a property for yourself, BUT
      • Can’t use the property
      • Can’t work on it yourself
  • In general, longer term loans have lower returns, and somewhat less risk.
  • Short term loans have higher to potentially much higher returns and somewhat more risk.
  • First position is always the safest. Second position is riskier.

FAR 116 Expected Air Date: 02/05/18 Opening: Today we continue our series on Crypto-Currency and blockchain technology. We continue today with Stan Larimer who calls himself the Godfather of BitShares. Stan retired from a successful career as a rocket scientist and inventor and now has become one of the pioneers in the crypto currency craze. Is it a fad that will fade? Is it a trend, a sign of the times? How does the technology work? What are the implications for real estate investors? We'll learn that and more coming up in just a few minutes. Announcements:

• Thursday night, Feb 8 in Atlanta, Mike Cherwenka.
• 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
• Follow us on Twitter and Instagram @FlippingAmerica

Special Guest

• Stan Larimer

Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: [email protected] Tell us where you're from!

• Diego, Dallas, TX, "Thank you for sharing the buying formulas for rental properties. Please explain more about cash on cash return and capitalization rate. What's the difference?"
• Chip, Perry, GA, "I heard someone say that you should figure the cost of an apartment building based on the market cap rate. I didn't really follow but didn't want to admit that in the conversation. Please explain it to me."
• Esther, Milwaukee, WI "I went to a seminar where they were going to sell me turn-key rental properties and finance them to me at 12% for 15 years. The loan to value would be 60%. They assured me these were great below-market deals and I would make money. Can you tell me whether this is true?"

100k, 40k down payment. 1000/mon rent 12k year. 8400 NOI. PI $720. Payments 8640. Taxes and Insurance already considered in NOI. It SEEMS you have $280/mon cash flow, but in reality you lose about $20 per month. Cap rate: 8.4%. ConC return, -.002%

• Warren, Harrisburg, PA "Do you ever make exceptions to your 'all in for 70%' rule? If so, when?

Sub to, other creative deal structure, high end, 100% OPM,

FAR 116 Expected Air Date: 02/05/18 Opening: Today we continue our series on Crypto-Currency and blockchain technology. We continue today with Stan Larimer who calls himself the Godfather of BitShares. Stan retired from a successful career as a rocket scientist and inventor and now has become one of the pioneers in the crypto currency craze. Is it a fad that will fade? Is it a trend, a sign of the times? How does the technology work? What are the implications for real estate investors? We’ll learn that and more coming up in just a few minutes. Announcements:

• Thursday night, Feb 8 in Atlanta, Mike Cherwenka.
• 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
• Follow us on Twitter and Instagram @FlippingAmerica

Special Guest

• Stan Larimer

Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: [email protected] Tell us where you’re from!

• Diego, Dallas, TX, “Thank you for sharing the buying formulas for rental properties. Please explain more about cash on cash return and capitalization rate. What’s the difference?”
• Chip, Perry, GA, “I heard someone say that you should figure the cost of an apartment building based on the market cap rate. I didn’t really follow but didn’t want to admit that in the conversation. Please explain it to me.”
• Esther, Milwaukee, WI “I went to a seminar where they were going to sell me turn-key rental properties and finance them to me at 12% for 15 years. The loan to value would be 60%. They assured me these were great below-market deals and I would make money. Can you tell me whether this is true?”

100k, 40k down payment. 1000/mon rent 12k year. 8400 NOI. PI $720. Payments 8640. Taxes and Insurance already considered in NOI. It SEEMS you have $280/mon cash flow, but in reality you lose about $20 per month. Cap rate: 8.4%. ConC return, -.002%

• Warren, Harrisburg, PA “Do you ever make exceptions to your ‘all in for 70%’ rule? If so, when?

Sub to, other creative deal structure, high end, 100% OPM,

FAR 117 Expected Air Date: 02/08/18 Opening: Today we continue our series on Crypto-Currency and blockchain technology. My guest today is Kiril Ravensong, self-appointed Cryptocurrency Evangelist. Is it a fad that will fade? Is it a trend, a sign of the times? How does the technology work? What are the implications for real estate investors? We'll hear about that and more coming up in just a few minutes. Announcements:

• Tonight in Atlanta, Mike Cherwenka.
• 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
• Follow us on Twitter and Instagram @FlippingAmerica

Special Guest

• Kiril Ravensong

FAR 117 Expected Air Date: 02/08/18 Opening: Today we continue our series on Crypto-Currency and blockchain technology. My guest today is Kiril Ravensong, self-appointed Cryptocurrency Evangelist. Is it a fad that will fade? Is it a trend, a sign of the times? How does the technology work? What are the implications for real estate investors? We’ll hear about that and more coming up in just a few minutes. Announcements:

• Tonight in Atlanta, Mike Cherwenka.
• 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
• Follow us on Twitter and Instagram @FlippingAmerica

Special Guest

• Kiril Ravensong

FAR 118 Expected Air Date: 02/10/18 Opening: Today we continue our series on Crypto-Currency and blockchain technology. In a few minutes we are going to be speaking with Sean Worthington, who is the lead scientist behind CloudCoin. Cloudcoin is a type of ecurrency related to the crypto-currencies, but different in that rather than relying on blockchain technology it is built on a platform invented by Sean. I know those are a lot of syllables and jargony sounding words and this entire subject requires you to put your nerd hat on for a few minutes, but the more I talk to these guys, the more I believe that there is a long term future here. What that future will be is still impossible to predict, but this is very likely the way things will be bought and sold in the future. Sean will join us in just a few minutes. Announcements:

• Fantastic evening last night with Mike Cherwenka. That show will be coming up next week.
• Call in to our comments line! 404-369-1018, extension 1. Leave your message. Contractor Fails Stories.
• [email protected] Tell us where you're from!
• Like us on Facebook. www.facebook.com/flippingamericamedia
• Follow us on Twitter and Instagram @FlippingAmerica

News:

• http://www.sandiegouniontribune.com/news/courts/sd-me-trump-university-20180206-story.html

Special Guest

• Sean Worthington

FAR 118 Expected Air Date: 02/10/18 Opening: Today we continue our series on Crypto-Currency and blockchain technology. In a few minutes we are going to be speaking with Sean Worthington, who is the lead scientist behind CloudCoin. Cloudcoin is a type of ecurrency related to the crypto-currencies, but different in that rather than relying on blockchain technology it is built on a platform invented by Sean. I know those are a lot of syllables and jargony sounding words and this entire subject requires you to put your nerd hat on for a few minutes, but the more I talk to these guys, the more I believe that there is a long term future here. What that future will be is still impossible to predict, but this is very likely the way things will be bought and sold in the future. Sean will join us in just a few minutes. Announcements:

• Fantastic evening last night with Mike Cherwenka. That show will be coming up next week.
• Call in to our comments line! 404-369-1018, extension 1. Leave your message.  Contractor Fails Stories.
• [email protected] Tell us where you’re from!
• Like us on Facebook. www.facebook.com/flippingamericamedia
• Follow us on Twitter and Instagram @FlippingAmerica

News:

• http://www.sandiegouniontribune.com/news/courts/sd-me-trump-university-20180206-story.html

Special Guest

• Sean Worthington

FAR 119 Expected Air Date: 02/12/18 Opening: Hello everyone. I am Roger Blankenship and I teach people how to make money in Real Estate. Our Guest today is Mike Cherwenka, founder of Goldmine Properties and one of the most active and most experienced investors in America, with more than 2000 property flips to his credit. Mike, welcome to the show! This show was recorded 2/8/18 in front of a live audience at Flipping Atlanta, in Dunwoody, GA. Special Guest

• Mike Cherwenka

FAR 119 Expected Air Date: 02/12/18 Opening: Hello everyone. I am Roger Blankenship and I teach people how to make money in Real Estate. Our Guest today is Mike Cherwenka, founder of Goldmine Properties and one of the most active and most experienced investors in America, with more than 2000 property flips to his credit. Mike, welcome to the show! This show was recorded 2/8/18 in front of a live audience at Flipping Atlanta, in Dunwoody, GA. Special Guest

• Mike Cherwenka

FAR 130 Expected Air Date: 03/15/18 Opening Hello everyone. Today we have someone who has created a resource that's going to change your life. What would it be like if you could get 5 or 6 off-market leads every week from now on. Our guest is Trevor Mauch, founder of Investor Carrot and according to him, this is possible and within reach for every person listening to this broadcast today. Trevor's company provides market tested and proven lead generating websites for investors. If the idea of doing another deal or three every month is appealing to you, stay tuned. We're going to show you how you can do this. I had a nice time last night at Atlanta REIA South. Thanks to all of you who came out. Thank you Carla Gamper and Gordon Catts for hosting the meeting and inviting me. It was a honor to serve your group. 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

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

• Ian, Seattle Washington, "Would you rather wholesale properties or fix and flip?"
• Dennis, Atlanta, GA "Where do you find contractors?"
• Edwina, Las Vegas, NV "What is a double closing? I've heard they are illegal."