Flipping America

How do YOU define a top real estate market? And based on your criteria, what would your list of top markets look like? We are going to consider some expert opinions today.

If you're new to Flipping America, this is a show about real estate. Although it's called "Flipping America," it's not just about flipping houses. We do not encourage everyone to drop what you are doing and start flipping houses like you see on TV. But your hosts, Starr Keels and I are convinced that real estate is a great investment if you choose wisely and everyone ought to have real estate somewhere in their investment portfolio - even if it's only shares in a REIT.

Today the "investment" part of real estate is a smaller part of the conversation. We are focusing ton the top markets - the hottest markets. Next time we are going to talk about the best places in America to flip properties and next week we are doing a show completely devoted to the best places in America to live - for renters as well as buyers. Also coming next week are planning our annual forecasting show. We will take a look at my predictions for 2021, talk to some experts, and make some more predictions for 2022.

How to contact us

www.RogerBlankenship.com. Leave a voicemail right from the home page!

Facebook.com/flippingamericamedia

Twitter and Instagram @FlippingAmerica

Call our National Comment Line: 877-55-ROGER (877-557-6437) ext 1. Leave your message or your question.

Sponsors

Flipping America Funding : Get the money you need for your business, for your training, for infrastructure, and for your projects. Flipping America Funding is your one-stop shop for all of your business funding needs. FlippingAmericaFunding.com.

Legal Shield

News and Resources:

• These markets are expected to be the hottest for real estate in 2022 https://fortune.com/2021/10/18/hot-real-estate-markets-2022-outlook-real-estate-buying-a-house/
• 8 Best Real Estate Markets In 2021 https://www.rocketmortgage.com/learn/best-real-estate-markets
• 15 Market Prediction Trends For 2022 And Beyond https://www.forbes.com/sites/forbesbizcouncil/2021/11/03/15-real-estate-pros-share-their-market-prediction-trends-for-2022-and-beyond/?sh=65af74a32e3f
• https://www.usatoday.com/story/money/personalfinance/real-estate/2021/08/12/hottest-housing-markets-united-states-zip-codes/5518357001/
• https://www.realtor.com/research/september-2021-hottest-housing-markets/
• https://realestate.usnews.com/real-estate/slideshows/25-best-places-to-live-in-the-us

Questions from Listeners: FROM TEAM RILA

• Lue, Atlanta GA: I am also a beginner investor, with horrible credit, and no experience. Hey, everyone starts somewhere right . How can I present myself to other investors and convince them to partner with me on deals?
• Lanell, Dallas TX: Can you give us some of your more efficient ways to purchase properties "no money down?" When I say we, I mean me and my daughter. We're a mother-daughter duo.
• Winnie Boston, MA: ugh, I just need to get over the hump and get to the next level in investing. My goal is $15,000 a month. I average 5,000 a month with 2 flips a year. I am not interested in doing rental properties. Any advice?
• Paul, Smyrna GA: Hey, when are you guys going to do a meet, greet, and investor event. or are you guys still social distancing...with no human contact? virtual is just not good for the human psychic

Quote of the Day

"The only place success comes before work is in the dictionary." – Vince Lombardi

Goal setting can be detrimental to your mental health. That's right. You heard it here. I have research studies that back that up. But the same study suggests that there is another approach that can indeed change your life. We're going to talk about that today on Flipping America.

I've conducted a small informal survey of people asking the question, "what do you look forward to least about the beginning of each year?" More than half the people I spoke with said, "resolutions." Why? Because they don't keep them. Today we're going to talk about something else.

How to contact us

www.RogerBlankenship.com. Leave a voicemail right from the home page!

Facebook.com/flippingamericamedia

Twitter and Instagram @FlippingAmerica

Call our National Comment Line: 877-55-ROGER (877-557-6437) ext 1. Leave your message or your question.

Sponsors

Flipping America Funding : Get the money you need for your business, for your training, for infrastructure, and for your projects. Flipping America Funding is your one-stop shop for all of your business funding needs. FlippingAmericaFunding.com.

Announcements:

• FlipStarter November 2021 is sold out. But we've already scheduled it again for January.
  • REI QuickStart - 15 lessons to have you making offers in 2 weeks.
  • REI By the Numbers - All of the formulas I use for deal analysis, project tracking, and ROI calculations.
  • Find Your Fit in REI
  • Create the Life of Your Dreams
• • Learn how to Find, Fund, Fix and Flip houses
  • Four weeks of video instruction (2 hour sessions)
  • Four weeks of group coaching
  • You'll get my book, "Fantastic Deals and Where to Find Them", the exact procedure I used to get 10,000 deals per week in my inbox.
  • You'll get my book, "How to Put Skin in the Game When You Are Running Out of Skin", my little book on how to do deals - even big rehabs - with none of your own money.
  • You'll get my book, "Stop Being Poor" which describes the poverty mindset and suggests a way out.
  • Includes online courses, ($800 value)
  • Purchase and Sale Agreements for your offers
  • Contractor Docs, my package of eleven documents that describe policy and procedures for working with contractors, including the actual Construction Agreement I use. I paid a lawyer thousands to create this bullet-proof agreement and I'll include it.
  • How to manage the rehab process
  • How to make $5000 in the next 30 days
  • "Double Your Investment" guarantee. Although it's a 30 day program, you stay on the coaching calls until you have at least doubled your investment in this training.
  • Money back guarantee. If at any time you believe this isn't the thing for you, notify us and you can drop out and get a refund for remaining sessions
  • Your investment: $997.67. Or pay three installments of $350.
  • Early Bird Discount: Register before December 1st and save $200.
  • 100,000 people want this - we only have 100 seats.

News and Resources:

• 5 Real Estate Goals Every SMART Investor Should Set https://www.fortunebuilders.com/5-real-estate-business-goals/
• Investing in real estate: What you need to know https://www.washingtonblade.com/2021/11/27/investing-in-real-estate-what-you-need-to-know/
• How to Apply Warren Buffett's Investment Approach to Real Estate https://www.entrepreneur.com/article/397056
• Interesting information on Goal Setting https://www.frontiersin.org/articles/10.3389/fpsyg.2021.704790/full

Questions from Listeners:

• Lanell, Dallas TX: Can you give us some of your more efficient ways to purchase properties "no money down?" When I say we, I mean me and my daughter. We're a mother-daughter duo.
• Winnie Boston, MA: ugh, I just need to get over the hump and get to the next level in investing. My goal is $15,000 a month. I average 5,000 a month with 2 flips a year. I am not interested in doing rental properties. Any advice?
• Lue, Atlanta GA: I am also a beginner investor, with horrible credit, and no experience. Hey, everyone starts somewhere right . How can I present myself to other investors and convince them to partner with me on deals?
• Paul, Smyrna GA: Hey, when are you guys going to do a meet, greet, and investor event. or are you guys still social distancing...with no human contact? virtual is just not good for the human psychic

Quote of the Day

• "A Goal without a PLAN is just a dream."
• "If you're bored with life – you don't get up every morning with a burning desire to do things – you don't have enough goals." –Lou Holtz
• "If you don't know where you are going, you will probably end up somewhere else." –Lawrence J. Peter

From Starr Keels:

Today I'm going to bring to you one of the most knowledgeable guys in real estate. On this episode of Flipping America

I have always wondered just how this guy does what he does and knows what he knows. Over the years I have come to know Roger… and he is a walking, talking google for investing. Roger has a ton of experience and knowledge. He does alot of research and fact checking to provide his listeners with the most accurate and up to date information and resources...I truly believe he may have best forecast psychic abilities for where the market is going…don't believe me, I'll tune in because today I'm going to put him to the test.

How to contact us

www.RogerBlankenship.com. Leave a voicemail right from the home page!

Facebook.com/flippingamericamedia

Twitter and Instagram @FlippingAmerica

Call our National Comment Line: 877-55-ROGER (877-557-6437) ext 1. Leave your message or your question.

Sponsors

Flipping America Funding : Get the money you need for your business, for your training, for infrastructure, and for your projects. Flipping America Funding is your one-stop shop for all of your business funding needs. FlippingAmericaFunding.com.

Legal Shield

Announcements:

• FlipStarter November 2021 is sold out. But we've already scheduled it again for January.
  • REI QuickStart - 15 lessons to have you making offers in 2 weeks.
  • REI By the Numbers - All of the formulas I use for deal analysis, project tracking, and ROI calculations.
  • Find Your Fit in REI
  • Create the Life of Your Dreams
• • Learn how to Find, Fund, Fix and Flip houses
  • Four weeks of video instruction (2 hour sessions)
  • Four weeks of group coaching
  • You'll get my book, "Fantastic Deals and Where to Find Them", the exact procedure I used to get 10,000 deals per week in my inbox.
  • You'll get my book, "How to Put Skin in the Game When You Are Running Out of Skin", my little book on how to do deals - even big rehabs - with none of your own money.
  • You'll get my book, "Stop Being Poor" which describes the poverty mindset and suggests a way out.
  • Includes online courses, ($800 value)
  • Purchase and Sale Agreements for your offers
  • Contractor Docs, my package of eleven documents that describe policy and procedures for working with contractors, including the actual Construction Agreement I use. I paid a lawyer thousands to create this bullet-proof agreement and I'll include it.
  • How to manage the rehab process
  • How to make $5000 in the next 30 days
  • "Double Your Investment" guarantee. Although it's a 30 day program, you stay on the coaching calls until you have at least doubled your investment in this training.
  • Money back guarantee. If at any time you believe this isn't the thing for you, notify us and you can drop out and get a refund for remaining sessions
  • Your investment: $997.67. Or pay three installments of $350.
  • Early Bird Discount: Register before December 1st and save $200.
  • 100,000 people want this - we only have 100 seats.

Questions from Listeners: Roger Knows

• Candy, New Orleans, LA "Ok, can you give a rundown on "buying a property wholesale and then selling it to a sister company to avoid double closing and to get more bang for your buck". I may not be saying this right, but this is what I took from the conversation I was having with another investor. I just didn't quite understand the concept.
• Larry, Atlanta, GA "I hear 'your network is your net worth' all the time. Can you give me some tips on building my network? I have a busy full-time job, a wife and family, and am doing real estate on the side. How can I fit this in?"
• Clay, Atlanta,GA I sold a business and have some cash. A local investor wants me to partner with him by putting up some cash for a downpayment on one of the properties he wants to buy. He's done a few hundred flips and I've known him awhile. I trust him but I still want to make sure I'm protected. What should I do?
• Cloee, Hammond, IN, "I listened to what you said and went out and made offers on three houses. Two of them got accepted! What do I do now? I don't have the knowledge or ability to fix and flip them, but I think the numbers are right, according to what I've been hearing from you. Please tell me what's next?"
• Elyssa, Vicksburg MS Starr thanks for connecting me to the show, it's awesome! Hey Roger "My mom left me a house, I had to go through a legal process to get it out of probate…don't know if I am saying it right, because I do not know anything about real estate vocab. Anywho, I finally have the home and I have turned it into a rental property. It's been 5months now and I kinda like it. I want to invest in another rental, but I don't know where or how to start. I can use your help with this."
• Arnold, Charleston SC, My hands are tied…helllllllp! I took out a hard money loan of 75,000 to renovate a property. And it's taking longer than expected to do the renovations because of permit delays.This loan has me losing a lot of money and I had to get an extension which came with a fee. . I NEED OUT
• Lance, covington, GA: first, I wanna say… "loooooove the show". Roger you the man and Starr you shine bright.Thinking seriously about living some properties behind for my loved ones, depending on how they treat me in my last years? What can I do to protect my assets …insurance, trust, what?
• Shauntai, Memphis, TN, "My partner and I have been offered 12 row houses - the entire block for $15,000. They are vacant and need work. I feel we can leverage the market to go in our favor. Our plan would be to fix them and rent them out until the neighborhood comes back, then sell. What do you think?"

For the past 3 years, finding that next deal has been the most challenging part of single family real estate investing. We are spending marketing dollars not to sell our properties, but to generate leads - people who want or need to sell their house in the next sixty days.

Chad has been doing Facebook marketing and Search Engine Optimization for local businesses, startups, and fortune 500 companies for the past 12 years. They have been recognized by Forbes, Inc. & all the major publications for their skills. They have spent millions in advertising dollars to learn the game from the inside out. Digital advertising is their craft that they've perfected over the past 12+ years but…. 5 years ago after buying a few rental properties from their agency profits they realized where the true wealth is and that was the start of their real estate empire.

How to contact us

www.RogerBlankenship.com. Leave a voicemail right from the home page!

Facebook.com/flippingamericamedia

Twitter and Instagram @FlippingAmerica

Call our National Comment Line: 877-55-ROGER (877-557-6437) ext 1. Leave your message or your question.

Sponsors

Flipping America Funding : Get the money you need for your business, for your training, for infrastructure, and for your projects. Flipping America Funding is your one-stop shop for all of your business funding needs. FlippingAmericaFunding.com.

Legal Shield

Announcements:

• FlipStarter November 2021 is sold out. But we've already scheduled it again for January.
• • Learn how to Find, Fund, Fix and Flip houses
  • Four weeks of video instruction (2 hour sessions)
  • Four weeks of group coaching
  • You'll get my book, "Fantastic Deals and Where to Find Them", the exact procedure I used to get 10,000 deals per week in my inbox.
  • You'll get my book, "How to Put Skin in the Game When You Are Running Out of Skin", my little book on how to do deals - even big rehabs - with none of your own money.
  • You'll get my book, "Stop Being Poor" which describes the poverty mindset and suggests a way out.
  • Includes online courses, ($800 value)
  • • REI QuickStart - 15 lessons to have you making offers in 2 weeks.
    • REI By the Numbers - All of the formulas I use for deal analysis, project tracking, and ROI calculations.
    • Find Your Fit in REI
    • Create the Life of Your Dreams
  • Purchase and Sale Agreements for your offers
  • Contractor Docs, my package of eleven documents that describe policy and procedures for working with contractors, including the actual Construction Agreement I use. I paid a lawyer thousands to create this bullet-proof agreement and I'll include it.
  • How to manage the rehab process
  • How to make $5000 in the next 30 days
  • "Double Your Investment" guarantee. Although it's a 30 day program, you stay on the coaching calls until you have at least doubled your investment in this training.
  • Money back guarantee. If at any time you believe this isn't the thing for you, notify us and you can drop out and get a refund for remaining sessions
  • Your investment: $997.67. Or pay three installments of $350.
  • Early Bird Discount: Register before December 1st and save $200.
  • 100,000 people want this - we only have 100 seats.

News and Resources:

• Sellers Have Incredible Leverage in Today's Market https://patch.com/massachusetts/shrewsbury/sellers-have-incredible-leverage-today-s-market
• Motivated Sellers: How To Find And Negotiate With Them | Real Estate Skills https://www.realestateskills.com/blog/motivated-sellers
• 4 Best Scenarios For Real Estate Investors To Find Motivated Sellers https://www.nuwireinvestor.com/4-best-scenarios-for-real-estate-investors-to-find-motivated-sellers/

Mindset Moment: Questions from Listeners:

• Ronnie from Boulder CO, "I have kind of a dumb question. How do you pick a name for your company?
• Courtney from Atlanta, "I'm in the insurance business but thinking about flipping a few houses here and there. How much of my time will this take?"
• Steve from Houston, TX, "I've formed my company, secured a domain name for a website, hired a CPA, and talked to a few local realtors. What else do I need to do in order to get ready to enter this business?"
• Andrew from Long Beach, CA, "I've been flipping 2-3 houses per year. How do I make the move to the next level? I want to be doing 1-2 per month."
• Beth from Milwaukee, WI, "How do I find my first deal?"

• Social Media

• Direct Mail

• MLS

• Craigslist

• Persistent Consistency

• Lauren from Atlanta, "I love my job and don't want to quit, but I'm interested in passive income from real estate. What's my best move?"

Quote of the Day "Be so good they can't ignore you." -Steve Martin

If you own a property, you ought to insure it. Your property is at risk. If you own investment property, you REALLY need to insure it. Your entire livelihood is at risk. Today we are going to tell you why the insurance you have might be worthless and tell you what you need.

If you have the wrong insurance, your company will not cover you in a claim. They are never going to act out of the goodness of their heart. They are a company and companies don't have a heart. They are going to act in the best interest of their stakeholders or shareholders.

In some cases you might have the RIGHT insurance but they refuse to pay your claim anyway. You would think this would be a rare occurrence, but it happens often enough that entire law firms are built to combat this. Today we are going to speak with one such firm - Insurance Claims Headquarters. And our guest is Attorney Galen Hair.

That's coming up in just a few minutes.

How to contact us

www.RogerBlankenship.com. Leave a voicemail right from the home page!

Facebook.com/flippingamericamedia

Twitter and Instagram @FlippingAmerica

Call our National Comment Line: 877-55-ROGER (877-557-6437) ext 1. Leave your message or your question.

Sponsors

Flipping America Funding : Get the money you need for your business, for your training, for infrastructure, and for your projects. Flipping America Funding is your one-stop shop for all of your business funding needs. FlippingAmericaFunding.com.

Legal Shield

Announcements:

• FlipStarter November 2021 is sold out. But we've already scheduled it again for January.
  • REI QuickStart - 15 lessons to have you making offers in 2 weeks.
  • REI By the Numbers - All of the formulas I use for deal analysis, project tracking, and ROI calculations.
  • Find Your Fit in REI
  • Create the Life of Your Dreams
• • Learn how to Find, Fund, Fix and Flip houses
  • Four weeks of video instruction (2 hour sessions)
  • Four weeks of group coaching
  • You'll get my book, "Fantastic Deals and Where to Find Them", the exact procedure I used to get 10,000 deals per week in my inbox.
  • You'll get my book, "How to Put Skin in the Game When You Are Running Out of Skin", my little book on how to do deals - even big rehabs - with none of your own money.
  • You'll get my book, "Stop Being Poor" which describes the poverty mindset and suggests a way out.
  • Includes online courses, ($800 value)
  • Purchase and Sale Agreements for your offers
  • Contractor Docs, my package of eleven documents that describe policy and procedures for working with contractors, including the actual Construction Agreement I use. I paid a lawyer thousands to create this bullet-proof agreement and I'll include it.
  • How to manage the rehab process
  • How to make $5000 in the next 30 days
  • "Double Your Investment" guarantee. Although it's a 30 day program, you stay on the coaching calls until you have at least doubled your investment in this training.
  • Money back guarantee. If at any time you believe this isn't the thing for you, notify us and you can drop out and get a refund for remaining sessions
  • Your investment: $997.67. Or pay three installments of $350.
  • Early Bird Discount: Register before December 1st and save $200.
  • 100,000 people want this - we only have 100 seats.

News and Resources:

• What Does Builder's Risk Insurance Cover? https://usassure.com/blog/construction/what-does-builders-risk-insurance-cover
• How home fire insurance works? https://www.ahainsurance.ca/home-insurance/home-fire-insurance/

Mindset Moment: Questions from Listeners:

• Michelle, Las Vegas. I have an opportunity to buy a house that needs serious updating. I plan to move in and make repairs as I go. Can you recommend a hard money lender out here in Vegas? The house is selling for $265,000, but it would be worth nearly $600,000 when I get all the work done. It will take about $120k to do everything I want to do, but I also plan to live here several years. I make good money and could qualify for a loan up to about 400,000, but the lender I spoke with won't loan money to make the repairs.

My answer: Dodd-Frank prohibits HM lenders. Conforming lenders are limited when repairs are needed. FHA requires finished floors, for example.

FHA 203k Loan

Go conventional, make repairs as you can with cash.

OR get a HELOC and make repairs.

• Andy, LaSalle Pennsylvania, "I have two great deals in front of me, but I don't have enough cash to do them both. What would you do?"
• Jeff, Louisville, KY,I like your show and appreciate what you have to say. I want to get some training, but I'm cheap. I am finding a lot of information on the internet for free. Why should I pay for training and oh by the way, do you have an opinion about which free resources are best?
• Helen, Ocala, FL, My husband Bob and I want to buy 3 or 4 rental houses, but we don't want to manage them. Therefore we don't care where they are really. Can you help us?
• Patricia, Greensboro, NC, I have two rentals I want to sell. They are rented so I guess I'll need to sell them to an investor. Would an agent even list these properties? If not, how would I go about selling them?
• Tim, Las Vegas, I think I heard you say something about using a realtor. I'm a professional investor. I can take calls and sell the property myself. Why would I want to give up 6 or 7 percent of the sales price to an order taker?
• Nick from Aurora, CO, How do you go about hiring a realtor in a new area? What are some of the things you look for? What do you ask them for and what do you promise them?

Quote of the Day You are the Artist of your own life. Don't hand the paintbrush to someone else. -Anonymous

We are going to talk today about how to monetize your dead leads. That's a topic that hairdressers, electricians, OR real estate marketers would love.

We send a lot of mail and make a lot of calls every week, trying to turn up properties to buy. Despite our best efforts, hundreds of warm leads don't result in actual purchases. Until now we would just move along, but as of today, we know we can still monetize those leads.

Chris Craddock is a real estate investor and innovative marketer. He's a nationally certified Life Coach in Leadership and one of the top Real Estate professionals in the world closing 30-65 deals a month. He's also the host of the Uncommon Real Estate Podcast, a realtor, and entrepreneur who runs multiple successful businesses in the Washington DC Metro area (and Richmond, VA). Chris and his companies consistently bring in close to 10 Million in revenue year after year. His team, The Redux Group, sold just over $160 Million in volume in 2020.

Chris has been married for 21 years and is the proud father to six beautiful children.

How to contact us

www.RogerBlankenship.com. Leave a voicemail right from the home page!

Facebook.com/flippingamericamedia

Twitter and Instagram @FlippingAmerica

Call our National Comment Line: 877-55-ROGER (877-557-6437) ext 1. Leave your message or your question.

Sponsors

Flipping America Funding : Get the money you need for your business, for your training, for infrastructure, and for your projects. Flipping America Funding is your one-stop shop for all of your business funding needs. FlippingAmericaFunding.com.

Legal Shield

Announcements:

• FlipStarter November 2021 is sold out. But we've already scheduled it again for January.
• • Learn how to Find, Fund, Fix and Flip houses
  • Four weeks of video instruction (2 hour sessions)
  • Four weeks of group coaching
  • You'll get my book, "Fantastic Deals and Where to Find Them", the exact procedure I used to get 10,000 deals per week in my inbox.
  • You'll get my book, "How to Put Skin in the Game When You Are Running Out of Skin", my little book on how to do deals - even big rehabs - with none of your own money.
  • You'll get my book, "Stop Being Poor" which describes the poverty mindset and suggests a way out.
  • Includes online courses, ($800 value)
  • • REI QuickStart - 15 lessons to have you making offers in 2 weeks.
    • REI By the Numbers - All of the formulas I use for deal analysis, project tracking, and ROI calculations.
    • Find Your Fit in REI
    • Create the Life of Your Dreams
  • Purchase and Sale Agreements for your offers
  • Contractor Docs, my package of eleven documents that describe policy and procedures for working with contractors, including the actual Construction Agreement I use. I paid a lawyer thousands to create this bullet-proof agreement and I'll include it.
  • How to manage the rehab process
  • How to make $5000 in the next 30 days
  • "Double Your Investment" guarantee. Although it's a 30 day program, you stay on the coaching calls until you have at least doubled your investment in this training.
  • Money back guarantee. If at any time you believe this isn't the thing for you, notify us and you can drop out and get a refund for remaining sessions
  • Your investment: $997.67. Or pay three installments of $350.
  • Early Bird Discount: Register before December 1st and save $200.
  • 100,000 people want this - we only have 100 seats.

News and Resources:

• You can buy a home that needs repairs. There is an FHA loan for that. The 203k. https://www.hud.gov/program_offices/housing/sfh/203k/203k--df
• How to Revive Dead Leads to Increase Business Growth https://aktify.com/blog/how-to-revive-dead-leads-to-increase-business-growth
• 5 Effective Tips to Revive Seemingly Dead Sales Leads https://www.prizmmedia.com/revive-dead-leads/

Mindset Moment: Questions from Listeners:

• Roy, Baltimore, MD, "My partner and I have been offered six row houses - the entire block for $5,000. They are all vacant and need a lot of work, and I know there are a lot of vacant homes around. But if we controlled the entire block, it seems like we shouldn't pass it up. Our plan would be to fix them and rent them out until the neighborhood comes back, then sell. Your thoughts?"
• Gary, Harrisburg, PA, "I was driving to Philly the other day and was surfing radio stations until I came across your show. Interesting stuff. I've been thinking about buying some rentals for side income. Can you give me some pointers on how to find something good in Harrisburg?
• Jackie, Villages of Ocala, "My husband and I own 25 rental properties back in Michigan where we are from. We are thinking of selling them and using the money to buy similar inventory here in Florida. There's no income tax here and we think we would do better. But although we live here now, we are new here and not that familiar with property in Florida. It's hard to give up something that works for something that might work a little better. We'd like you to weigh in."
• Lupe, Boulder, CO, "I heard you mention that you love working with Realtors. Please explain why. It seems like they get paid a lot for doing nothing. I mean, it's not that hard to list a property."
• Bernita, Macon, GA, "Is there any way to tell whether or not you need a new roof without getting up on it? I don't want to climb on a roof."
• Michelle, Las Vegas. I have an opportunity to buy a house that needs serious updating. I plan to move in and make repairs as I go. Can you recommend a hard money lender out here in Vegas? The house is selling for $265,000, but it would be worth nearly $600,000 when I get all the work done. It will take about $120k to do everything I want to do, but I also plan to live here several years. I make good money and could qualify for a loan up to about 400,000, but the lender I spoke with won't loan money to make the repairs.

My answer: Dodd-Frank prohibits HM lenders. Conforming lenders are limited when repairs are needed. FHA requires finished floors, for example.

FHA 203k Loan

Go conventional, make repairs as you can with cash.

OR get a HELOC and make repairs.

• Clay, Atlanta, I sold a business and have some cash. A local investor wants me to partner with him by putting up some cash for a downpayment on one of the properties he wants to buy. He's done a few hundred flips and I've known him awhile. I trust him but I still want to make sure I'm protected. What should I do?

Quote of the Day "The dream is free. The hustle is sold separately." – Unknown

There is probably nothing I can say about thankfulness or thanksgiving that hasn't already been said and probably more eloquently put. But like love, your thankfulness is something you can continually give away and never run out of. It's never too often and usually never too late to think about thanking someone.

For you parents out there, if you can imagine how it warms your heart when your children genuinely thank you for all that you do for them, you have a glimpse of how God must feel we we take time to express our gratitude. And although this show is no more religious than it is political, both topics are an important part of our lives and are destined to come up from time to time. So I just want to ask you right now to think about how often you pray. How many times per week? What percentage of those times when you pray do you ask God for something? 100% or close to it? The alternative is just sitting in His presence in gratitude, worship, or just with a listening heart?

Part of my challenge for you today is to focus for a few days on thankfulness. If you pray, try praying without asking for anything ("bless this food" is still asking for something). If you don't pray, it could be something you want to try. But even then, there is someone in your life you could be thanking for something. Think about them. Then Thank them. Even if you have before. We are going to talk more about thankfulness and actually join with some of the members of the Flipping America REIA in giving thanks in just a few minutes, but first I want to get to a backlog of your questions.

How to contact us

www.RogerBlankenship.com. Leave a voicemail right from the home page!

Facebook.com/flippingamericamedia

Twitter and Instagram @FlippingAmerica

Call our National Comment Line: 877-55-ROGER (877-557-6437) ext 1. Leave your message or your question.

Sponsors

Flipping America Funding : Get the money you need for your business, for your training, for infrastructure, and for your projects. Flipping America Funding is your one-stop shop for all of your business funding needs. FlippingAmericaFunding.com.

Legal Shield

Announcements:

• FlipStarter November 2021 is sold out. But we've already scheduled it again for January.
  • Learn how to Find, Fund, Fix and Flip houses
  • Four weeks of video instruction (2 hour sessions)
  • Four weeks of group coaching
  • You'll get my book, "Fantastic Deals and Where to Find Them", the exact procedure I used to get 10,000 deals per week in my inbox.
  • You'll get my book, "How to Put Skin in the Game When You Are Running Out of Skin", my little book on how to do deals - even big rehabs - with none of your own money.
  • You'll get my book, "Stop Being Poor" which describes the poverty mindset and suggests a way out.
  • Includes online courses, ($800 value)
    • REI QuickStart - 15 lessons to have you making offers in 2 weeks.
    • REI By the Numbers - All of the formulas I use for deal analysis, project tracking, and ROI calculations.
    • Find Your Fit in REI
    • Create the Life of Your Dreams
  • Purchase and Sale Agreements for your offers
  • Contractor Docs, my package of eleven documents that describe policy and procedures for working with contractors, including the actual Construction Agreement I use. I paid a lawyer thousands to create this bullet-proof agreement and I'll include it.
  • How to manage the rehab process
  • How to make $5000 in the next 30 days
  • "Double Your Investment" guarantee. Although it's a 30 day program, you stay on the coaching calls until you have at least doubled your investment in this training.
  • Money back guarantee. If at any time you believe this isn't the thing for you, notify us and you can drop out and get a refund for remaining sessions
• Your investment: $997.67. Or pay three installments of $350.
• Early Bird Discount: Register before December 1st and save $200.
• 100,000 people want this - we only have 100 seats.

Mindset Moment: Two minutes to change your life.

Begin every day for the next 30 days with two solid minutes of thankfulness and gratitude. Don't ask for anything, don't allow your brain to wander into goals, or needs or wants. Think about what you have, your situation, the people in your life, and focus on the things for which you are thankful. 2 minutes. Just 2 minutes per day for the next 30 days.

And then perhaps continue on. You do a LOT of things for 2 minutes you don't really need to do. Why not spend 2 on something that can bring you genuine joy.

News and Resources:

• Giving thanks during a pandemic: 'We learn to appreciate things when we lose them https://www.usatoday.com/story/life/health-wellness/2021/11/22/thanksgiving-pandemic-era-gratitude/8658809002/
• A Spirit of Gratitude Is Healthy for Society https://www.nytimes.com/2021/11/22/opinion/gratitude-thanksgiving-economics.html

Questions from Listeners:

• Carson, Plano, TX "What are a few pros and cons of out-of-state investing?"
• Hank, Portland, OR, "Glad I found your show. I've enjoyed listening. I'm sure you've heard this a million times, but I would like to know your opinion on the best way to get started in this business.
• Becca, Milwaukee, WI "I'm looking at a deal that just by the numbers looks like a good deal. But when I look at the house it just doesn't feel right. My boyfriend tells me I should trust the numbers but my realtor kind of agrees with me - it's just an ugly house situated on a weird lot. Am I missing an opportunity if I say no to this?
• Sandy, Chattanooga TN, "I have an opportunity to buy a rental house in a gentrifying neighborhood just south of downtown. Although it's improving, the schools there are still terrible and crime is high. The house would yield 2% per month in rents. But I'm hesitant. Can you help me think about this?"
• Roy, Baltimore, MD, "My partner and I have been offered six row houses - the entire block for $5,000. They are all vacant and need a lot of work, and I know there are a lot of vacant homes around. But if we controlled the entire block, it seems like we shouldn't pass it up. Our plan would be to fix them and rent them out until the neighborhood comes back, then sell. Your thoughts?"
• Gary, Harrisburg, PA, "I was driving to Philly the other day and was surfing radio stations until I came across your show. Interesting stuff. I've been thinking about buying some rentals for side income. Can you give me some pointers on how to find something good in Harrisburg?
• Jackie, Villages of Ocala, "My husband and I own 25 rental properties back in Michigan where we are from. We are thinking of selling them and using the money to buy similar inventory here in Florida. There's no income tax here and we think we would do better. But although we live here now, we are new here and not that familiar with property in Florida. It's hard to give up something that works for something that might work a little better. We'd like you to weigh in."
• Lupe, Boulder, CO, "I heard you mention that you love working with Realtors. Please explain why. It seems like they get paid a lot for doing nothing. I mean, it's not that hard to list a property."
• Bernita, Macon, GA, "Is there any way to tell whether or not you need a new roof without getting up on it? I don't want to climb on a roof."

Quote of the Day "Let gratitude be the pillow upon which you kneel to say your nightly prayer. And let faith be the bridge you build to overcome evil and welcome good." — Maya Angelou "I awoke this morning with devout thanksgiving for my friends, the old and the new." — Ralph Waldo Emerson "Appreciation is a wonderful thing. It makes what is excellent in others belong to us as well." — Voltaire "When you arise in the morning, give thanks for the food and for the joy of living. If you see no reason for giving thanks, the fault lies only in yourself." — Tecumseh "He is a wise man who does not grieve for the things which he has not, but rejoices for those which he has." — Epictetus "Wear gratitude like a cloak, and it will feed every corner of your life." — Rumi "We are all more blind to what we have than to what we have not." — Audre Lorde "'Thank you' is the best prayer that anyone could say. I say that one a lot. Thank you expresses extreme gratitude, humility, understanding." — Alice Walker "Gratitude unlocks the fullness of life. It turns what we have into enough, and more. It turns denial into acceptance, chaos to order, confusion to clarity. It can turn a meal into a feast, a house into a home, a stranger into a friend. Gratitude makes sense of our past, brings peace for today and creates a vision for tomorrow." — Melody Beattie

Sometimes we just have to get back to the basics. Flipping Houses. It's how I got started. It might be a good place for you to start as well.

How to contact us

www.RogerBlankenship.com. Leave a voicemail right from the home page!

Facebook.com/flippingamericamedia

Twitter and Instagram @FlippingAmerica

Call our National Comment Line: 877-55-ROGER (877-557-6437) ext 1. Leave your message or your question.

Sponsors

Flipping America Funding : Get the money you need for your business, for your training, for infrastructure, and for your projects. Flipping America Funding is your one-stop shop for all of your business funding needs. FlippingAmericaFunding.com.

Legal Shield

Announcements:

• FlipStarter November 2021 is sold out. But we've already scheduled it again for January.
• • Learn how to Find, Fund, Fix and Flip houses
  • Four weeks of video instruction (2 hour sessions)
  • Four weeks of group coaching
  • You'll get my book, "Fantastic Deals and Where to Find Them", the exact procedure I used to get 10,000 deals per week in my inbox.
  • You'll get my book, "How to Put Skin in the Game When You Are Running Out of Skin", my little book on how to do deals - even big rehabs - with none of your own money.
  • You'll get my book, "Stop Being Poor" which describes the poverty mindset and suggests a way out.
  • Includes online courses, ($800 value)
  • • REI QuickStart - 15 lessons to have you making offers in 2 weeks.
    • REI By the Numbers - All of the formulas I use for deal analysis, project tracking, and ROI calculations.
    • Find Your Fit in REI
    • Create the Life of Your Dreams
  • Purchase and Sale Agreements for your offers
  • Contractor Docs, my package of eleven documents that describe policy and procedures for working with contractors, including the actual Construction Agreement I use. I paid a lawyer thousands to create this bullet-proof agreement and I'll include it.
  • How to manage the rehab process
  • How to make $5000 in the next 30 days
  • "Double Your Investment" guarantee. Although it's a 30 day program, you stay on the coaching calls until you have at least doubled your investment in this training.
  • Money back guarantee. If at any time you believe this isn't the thing for you, notify us and you can drop out and get a refund for remaining sessions
  • Your investment: $997.67. Or pay three installments of $350.
  • Early Bird Discount: Register before December 1st and save $200.
  • 100,000 people want this - we only have 100 seats.

News and Resources: Mindset Moment: Questions from Listeners:

• Ken, Murfreesboro, TN, "My tenant shorted the rent this month, claiming they had to fix a water leak under the sink. Said he did it himself, but that saved me about $200, so he took $200 out of the rent. I think he can't do this, but what do I do?"
• Alexandra, Fresno, CA "It's often a challenge to remove a tenant here in California. Where are some places that are more landlord friendly?"
• Eric, Portland, OR "Hey I just caught your show on iHeart radio and watched some of your videos on YouTube. Thanks for all the information. I'm about to buy my first place and I'm thinking I might buy a duplex, live in one side and rent out the other. Do you think this will work?"
• Robert, Tampa, FL "In your opinion what is the most reliable way to establish the fair market rent of a property? I'm not a realtor, don't have access to the MLS, and hate to bug my realtor friends about it all the time."
• Ellen, Milwaukee, WI. "My husband and I just sold our home to downsize and we are trying to figure out what to do with the money -- over $200,000. He's semi-retired, bored, and handy. We've thought about flipping some houses. What advice would you give us?"
• Kandra, Las Vegas, NV "I recently attended a seminar here put on by [a TV personality]. I felt like it was just a sales pitch for a $20,000 course. But I was here for a course and really didn't learn anything. I'm concerned that if I paid the $20,000 I might not learn anything there either. And I don't have $20,000 anyway. So I didn't do it. But I'm back to square one. I really want to learn this business! I don't have any money and my credit has a few dings. Is there any hope for me?"
• D'Wayne, Louisville, KY "How do you decide whether you are going to fix and property and flip it, fix it and keep it, or just wholesale it? I figure there must be a way to figure out the best thing to do with a property. I have a deal under contract for 72,000. It needs updating and paint and carpet. I think I'll get $150,000 for it if I flip it. Or I could rent it out for $900 per month. But another investor just offered me $10,000 for my contract. What would you do?
• Roberto, Long Beach, CA "What do you think the long term consequences for real estate will be in those areas hit by hurricanes. And do you think we will have a similar impact here in California because of all the wildfires?"
• James, Lancaster, PA "I've been researching various REITs and crowdfunding platforms. REITs seem like less involvement from me, which I prefer, but the returns I'm seeing are at best around 6%. With crowdfunding I can get closer to 10% on my money but I have to be a bit more involved. While I'm thinking about it, do you have other options you would recommend?"

Quote of the Day "Every person who invests in well-selected real estate in a growing section of a prosperous community adopts the surest and safest method of becoming independent, for real estate is the basis of wealth." - Theodore Roosevelt, U.S. president

You have achieved financial freedom when your passive investments pay for your lifestyle. You can take a week off - a month off - or the rest of your life off. Today, we're going to talk about how to get there.

How's the daily grind going for you? You get up, get the kids up and ready, off to school. Then you head to work. Deal with the tasks and some of the drudgery, sit in traffic to get home, supper, a little TV, then to bed. Tomorrow you do it all over again. Are you tired of that?

Wouldn't it be great to get up when you wake up, (ok, you still might have to get the kids off to school) do what you want all day long, enjoy the company of someone you love, and pursue the activities that will give your life meaning and satisfaction?

Joey Mure and Russ Morgan figured out how to do this. Today they are going to share how they did it and how they are helping others on this journey.

How to contact us

www.RogerBlankenship.com. Leave a voicemail right from the home page!

Facebook.com/flippingamericamedia

Twitter and Instagram @FlippingAmerica

Call our National Comment Line: 877-55-ROGER (877-557-6437) ext 1. Leave your message or your question.

Sponsors

Flipping America Funding : Get the money you need for your business, for your training, for infrastructure, and for your projects. Flipping America Funding is your one-stop shop for all of your business funding needs. FlippingAmericaFunding.com.

Legal Shield

Announcements:

• FlipStarter November 2021 is sold out. But we've already scheduled it again for January.
• • Learn how to Find, Fund, Fix and Flip houses
  • Four weeks of video instruction (2 hour sessions)
  • Four weeks of group coaching
  • You'll get my book, "Fantastic Deals and Where to Find Them", the exact procedure I used to get 10,000 deals per week in my inbox.
  • You'll get my book, "How to Put Skin in the Game When You Are Running Out of Skin", my little book on how to do deals - even big rehabs - with none of your own money.
  • You'll get my book, "Stop Being Poor" which describes the poverty mindset and suggests a way out.
  • Includes online courses, ($800 value)
  • • REI QuickStart - 15 lessons to have you making offers in 2 weeks.
    • REI By the Numbers - All of the formulas I use for deal analysis, project tracking, and ROI calculations.
    • Find Your Fit in REI
    • Create the Life of Your Dreams
  • Purchase and Sale Agreements for your offers
  • Contractor Docs, my package of eleven documents that describe policy and procedures for working with contractors, including the actual Construction Agreement I use. I paid a lawyer thousands to create this bullet-proof agreement and I'll include it.
  • How to manage the rehab process
  • How to make $5000 in the next 30 days
  • "Double Your Investment" guarantee. Although it's a 30 day program, you stay on the coaching calls until you have at least doubled your investment in this training.
  • Money back guarantee. If at any time you believe this isn't the thing for you, notify us and you can drop out and get a refund for remaining sessions
  • Your investment: $997.67. Or pay three installments of $350.
  • Early Bird Discount: Register before December 1st and save $200.
  • 100,000 people want this - we only have 100 seats.

News and Resources:

• This won't directly affect most Americans and it's sad for those who will be negatively impacted, but it is enlightening to watch communism continue to destroy itself from within. https://www.cnbc.com/2021/11/18/china-evergrande-default-is-highly-likely-sp-says.html
• Housing shortage? Supply chain issues? Rents up 10% YOY. What could be causing this? I think we know in our hearts. It's because the American people just don't understand the supply chain and how it works, right? https://www.corelogic.com/intelligence/u-s-single-family-rents-up-10-2-year-over-year-in-september/

Mindset Moment: Questions from Listeners:

• Keith, Bakersfield, CA "What is your opinion of flat fee real estate services and the agents that do them?"
• James, Boulder, CO "We are looking into buying rental properties in college towns. It won't work here in Boulder with the Air Force Academy, but it seems like a decent idea. Your thoughts?"
• Casey, Seattle, WA "I was in a meeting a while ago and someone there had been on your show, so I went looking for it. I can't believe all the great information you are just giving away, but I thank you. I'm really new at this, but my husband and I have some rental properties. They seem to pay for themselves, but I think maybe not quite, when you consider everything. We have 4 houses that together cost us $1.4 million. We get about $6500 per month from them. They are all free and clear with good tenants in good areas. What I don't know is whether they are really a sound investment. They are in Seattle and we believe they will be worth more in a few years than we paid for them."
• Suzy, Boulder, CO, "I have a tenant who wants to make a partial payment on the 1st and another on the 15th. How do I document this?"

Quote of the Day When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. Billy Graham

Real estate comes in all shapes and sizes. Last time we talked about buying a hotel, today we will talk about buying a car wash.

Our Guest today, Steff Boldrini, started her investing career when she bought a car wash. That's pretty cool, but she's found something else she likes even better. Today she's going to tell you about it.

Steffany grew up in Brazil, but her family ended up in Silicon Valley. She won awards in sales, worked in start-ups and later was an angel investor in startups. But she prefers real estate. She especially likes commercial real estate and that will be our focus today.

You don't need me to tell you it's tough to find good house deals these days. Today's conversation is going to help all of us step back and look at the broader picture. If you have ever considered commercial investing, or if you're starting to think about it now, you will want to meet Steff.

How to contact us

www.RogerBlankenship.com. Leave a voicemail right from the home page!

Facebook.com/flippingamericamedia

Twitter and Instagram @FlippingAmerica

Call our National Comment Line: 877-55-ROGER (877-557-6437) ext 1. Leave your message or your question.

Sponsors

Flipping America Funding : Get the money you need for your business, for your training, for infrastructure, and for your projects. Flipping America Funding is your one-stop shop for all of your business funding needs. FlippingAmericaFunding.com.

Legal Shield

Announcements:

• FlipStarter November 2021 is sold out. But we've already scheduled it again for January.
  • REI QuickStart - 15 lessons to have you making offers in 2 weeks.
  • REI By the Numbers - All of the formulas I use for deal analysis, project tracking, and ROI calculations.
  • Find Your Fit in REI
  • Create the Life of Your Dreams
• • Learn how to Find, Fund, Fix and Flip houses
  • Four weeks of video instruction (2 hour sessions)
  • Four weeks of group coaching
  • You'll get my book, "Fantastic Deals and Where to Find Them", the exact procedure I used to get 10,000 deals per week in my inbox.
  • You'll get my book, "How to Put Skin in the Game When You Are Running Out of Skin", my little book on how to do deals - even big rehabs - with none of your own money.
  • You'll get my book, "Stop Being Poor" which describes the poverty mindset and suggests a way out.
  • Includes online courses, ($800 value)
  • Purchase and Sale Agreements for your offers
  • Contractor Docs, my package of eleven documents that describe policy and procedures for working with contractors, including the actual Construction Agreement I use. I paid a lawyer thousands to create this bullet-proof agreement and I'll include it.
  • How to manage the rehab process
  • How to make $5000 in the next 30 days
  • "Double Your Investment" guarantee. Although it's a 30 day program, you stay on the coaching calls until you have at least doubled your investment in this training.
  • Money back guarantee. If at any time you believe this isn't the thing for you, notify us and you can drop out and get a refund for remaining sessions
  • Your investment: $997.67. Or pay three installments of $350.
  • Early Bird Discount: Register before December 1st and save $200.
  • 100,000 people want this - we only have 100 seats.

Mindset Moment: Sorting out

I was watching the World Series last week, and congrats to the Atlanta Braves for bringing the city their first Major Championship since 1995, the last time the Braves won a world series. While I was watching I started thinking about all the little boys in America who play little league baseball. And how few of them go on to play in middle school or high school. Fewer still will play in high school. About 3-5% of them will play somewhere in college. Half of one percent will be drafted into pro ball.

Questions from Listeners:

• Larry, Atlanta, GA "I hear 'your network is your net worth' all the time. Can you give me some tips on building my network? I have a busy full-time job, a wife and family, and am doing real estate on the side. How can I fit this in?"
• Celia, Hammond, IN, "I listened to what you said and went out and made offers on three houses. Two of them got accepted! What do I do now? I don't have the knowledge or ability to fix and flip them, but I think the numbers are right, according to what I've been hearing from you. Please tell me what's next?"
• Tim, Manchester,NH Hey "I am about to rent out my property. Iae some minor things I want to fix. However, my realtor is telling me to rent out as is. Should I fix these things, before I get a tenant; i.e rail handle for basement, change outdated chandelier to undated standard light decor, change carpet to wood… just a little confused at the moment."
• Karen, Boston, MA "I found your show on iHeart radio, but then downloaded the app. I haven't found you on the radio here in Boston but I don't even care. The app is great and allows me to listen to all your previous shows. So here's my question. I want to buy a couple of rental properties, but they are around $300,000 to buy a modest home that I could rent for maybe $1800 per month. That rent would cover my principal and interest payment and most of the taxes, but that's it. I think I would have to come out of pocket a bit on these. I have a high paying job and the extra expense isn't a factor. I don't even need the income. I just wanted to build equity. Am I thinking about it the wrong way?"

Quote of the Day "The best way to predict the future is to create it." - Peter Drucker