Flipping America

It's no secret that we make our living in single family houses. But I've often wondered if I couldn't translate the skills I have acquired in this business to something bigger - and maybe easier. Spoiler alert - the answer is YES. And today we're going to talk about something bigger - MUCH bigger. On this episode of Flipping America. I had Nate Barger on the show not too long ago to talk about the BRRRR method and we didn't get all the way finished with that subject before we started talking about hotels. I knew right then I had to get him back to talk about hotels. So that's what we have coming up for you in just a little while today. But first let me comment on some breaking news.

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:

• Real estate is NOT yet cooling off. 18% increase YoY. Wow. https://www.corelogic.com/intelligence/u-s-home-price-insights/

Mindset Moment: Questions from Listeners:

• Al, Las Vegas, "Am I better off buying materials for my rehab at [one of the big box stores] or should I go to the local lumberyard and building supply?
• Karissa, Milwaukee, WI, "I bought two rental properties a couple of years ago following the 1% rule. In order to get that price I had to buy them in an area that makes me a little nervous, but I thought at the time, 'people live here, why wouldn't someone want to rent here ya know?' But I'm not making money. I'm losing money. It's taking all of my extra income just to maintain the houses and fix them back up after the tenants move out. What am I doing wrong?"
• Evan, Indianapolis, IN, "I couldn't make it to FlipStarter. Did I hear you say it's in video format? I couldn't find it on your website."
• Winifred, Villages of Ocala, FL "My husband only wants to use the cheapest paint, the cheapest carpet, the cheapest fixtures and cheapest everything in our investment houses. He says the tenants don't care and wouldn't appreciate better things. He also won't do anything about controlling bugs or termites. He says that's the tenant's responsibility and it says so in the lease. I know we don't want to put the finest products in our houses, but it seems like we ought to be better than the cheapest. I'd like to know how you handle this."
• Lilly, Villages of Ocala, FL, "My husband and I are so tired of our rentals, but we are not tired of the cash flow. We are both in our late 60's. We'd like to sell them to end the headache but aren't sure where we would put the money. Any suggestions?
• • Perhaps not sell - perhaps owner finance?
  • Not an investment advisor, but as a suggestion, you could always look into private lending.
• Cesar, Long Beach, CA, "I want to buy some rental properties in Atlanta. Can you connect me with resources there for buying and for property management?"

Quote of the Day "If it matters to you… you'll find a way." - Gold Step

What If you could double your money... even triple it without the headache of being a full time landlord? Stay tuned, because I have a guy who will tell you how he brings in more money in less time, with minimal hassle, and little to no maintenance repairs.

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: short term rentals

• Could the Mid-Term Rental Market Become the Next Investment Goldmine? https://finance.yahoo.com/news/could-mid-term-rental-market-123837661.html
• Michigan House approves controversial short-term rental protections in overnight session https://www.detroitnews.com/story/news/local/michigan/2021/10/27/house-approves-controversial-short-term-rental-protections-overnight-session/8563910002/
• 7 Things I wish I'd known Before Becoming a Short Term Rental Host https://noiseaware.com/blog/7-things-i-wish-id-known-before-i-became-a-short-term-rental-host/
• Becoming a Short-Term Rental Host? Here's What You Need to Know https://moneyning.com/business-idea/becoming-a-short-term-rental-host-heres-what-you-need-to-know/
• New Atlanta law requires short-term rental hosts to get permits, collect hotel-motel tax https://www.avalara.com/mylodgetax/en/blog/2021/03/new-atlanta-law-requires-short-term-rental-hosts-to-get-permits-collect-hotel-motel-tax.html

Mindset Moment: Questions from Listeners:

• Crystal Sims, Dahlonega GA: is there any mortgage protection insurance for investment properties to protect and pay off my property mortgages if anything happens?
• Kelly, Paducah Kentucky, I have a property that has overwhelmed me. I do not know what to do with this property. I feel stuck. I have a rental loan on the property. My mortgage is 1055, I owe 180,000, but want to get at 230, 000 for it. It will need rehab of about $40,000 if I was selling on the open market. Not sure I can get a private buyer to buy it for what I need to sell it for, without asking to buy it for way less
• Lynette, Milwaukee, WI, "Do I need to be a realtor in order to be an effective investor?Pros: Access to MLS, Set up your own searches, Best data for CMA's, Save money on commissionsCons: Cannot pay referral fees to unlicensed individuals, disclosure requirements, continuing ed, much knowledge unrelated to investing. Selling your own flips is like fixing your own flips if you're a contractor. What you save is offset by the time you spend doing things you could and should be paying someone else to do.
• Kimberly, Sandy Springs, GA "I've heard you mention that you have deals coming to your inbox every day. How do you do that?"

Quote of the Day "You have brains in your head. You have feet in your shoes. You can steer yourself any direction you choose. You're on your own. And you know what you know. And YOU are the one who'll decide where to go..." ― Dr. Seuss, Oh, the Places You'll Go!

Would you buy land halfway around the planet? Today I'm going to talk with someone who not only does it, it's her primary source of income. Here's a pretty cool idea. Alicia Jarrett lives in Melbourne Australia but she makes her living investing in land in Texas and Florida in the US. Let's start this mental exercise by thinking about where you would like to live. Because we now know you can live anywhere if you have the right tools at your disposal. Alicia is going to talk about the tools she uses and how you can get access to them.

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:

• Al, Las Vegas, "Am I better off buying materials for my rehab at [one of the big box stores] or should I go to the local lumberyard and building supply?
• Karissa, Milwaukee, WI, "I bought two rental properties a couple of years ago following the 1% rule. In order to get that price I had to buy them in an area that makes me a little nervous, but I thought at the time, 'people live here, why wouldn't someone want to rent here ya know?' But I'm not making money. I'm losing money. It's taking all of my extra income just to maintain the houses and fix them back up after the tenants move out. What am I doing wrong?"
• Evan, Indianapolis, IN, "I couldn't make it to FlipStarter. Did I hear you say it's in video format? I couldn't find it on your website."
• Winifred, Villages of Ocala, FL "My husband only wants to use the cheapest paint, the cheapest carpet, the cheapest fixtures and cheapest everything in our investment houses. He says the tenants don't care and wouldn't appreciate better things. He also won't do anything about controlling bugs or termites. He says that's the tenant's responsibility and it says so in the lease. I know we don't want to put the finest products in our houses, but it seems like we ought to be better than the cheapest. I'd like to know how you handle this."

Quote of the Day "Stopping advertising to save money is like stopping your watch to save time." - Henry Ford

Have you been thinking about adding probates to your investing portfolio? Well today is your chance to get started. We are going to hear how to get leads and add probates to your list of deal sources.

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:

• Real estate is NOT yet cooling off. 18% increase YoY. Wow. https://www.corelogic.com/intelligence/u-s-home-price-insights/

Mindset Moment: Questions from Listeners:

• Emily, Wayne, PA, "I've done three flips in the past two years. I really want to quit my job and do this full time, but I need to do four to five flips in a year to do that. How do I get to that level?"
• Mosley Gainesville, GA: Hey, I have been listening to the show and want to say you guys are awesome, great energy. Here's my question... I have rental properties that I want to continue to keep going for my family when I go on into my next life. what steps can I take to ensure my properties... is creating a trust the right way to go?
• Share Richardson August, GA: Noooo body ever really taught me anything about real estate. Here I am 5 years later, doing ok, but feeling a little stagnant, like I can't get over the hump to get to the next level in investing. My goal is $30,000 a month. I average 10,000 a month with flips @ 5-6 a year, sometimes with partners, so I wont get overwhelmed. Looking to add some less strenuous income with real estate. Any advice?
• Royce Lee, Toccoa GA: I am ready to start flipping, I have been doing wholesales for 3 years now. I am ready to do some flips. I watched one of my friends flip a house from beginning to end and I fell in love with the process. I am reaady. Can I join your team roger?

Quote of the Day "In real estate, you make 10% of your money because you're a genius and 90% because you catch a great wave." -- Jeff Greene, entrepreneur

I can't find any deals! How often have you heard that lately? How often have you SAID that lately? Well, if you're looking for rentals, after today you will have no excuse.

Norada Real Estate is an award winning turn-key rental housing provider. Now to be clear, they do not provide the housing to the renters, they sell the properties to landlords. Norada does their homework, targets good markets with good returns, purchases properties and prepares them for rental use. All you need to do is speak with them and start buying.

But wait, before you head over to noradarealestate.com and check them out, spend a few minutes with us and listen in as I talk to Norada founder, Marco Santarelli. And yes, they are an award winning firm. I happened to be present three years ago when they won the prestigious Real Estate Investment Firm of the year at the Think Realty convention in Atlanta. That interview is coming up shortly, but first I need to talk for a few minutes with the real Star of the show - Starr Keels.

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

American IRA: www.americanIRA.com

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:

• Real estate is NOT yet cooling off. 18% increase YoY. Wow. https://www.corelogic.com/intelligence/u-s-home-price-insights/

Mindset Moment: Questions from Listeners:

• Tom Timbuck, Buford, GA: I have properties and children and want to leave something behind. Do you have insurance to protect you and your assets? What type is good for investors?
• Dot, Tampa, FL "My husband and I want to invest in rental properties but we are disagreeing about the type of property. He wants to buy cheap houses in older neighborhoods. I'm concerned about crime and the transient nature of the residents. I want to buy in nice middle class neighborhoods, but he is concerned that our returns would not be very good. We would appreciate your thoughts."
• Aldo, McDonough, GA "I bought a home in 2010 and today homes in the neighborhood are selling for twice what I paid for mine. Should I sell now while the price is high?"

Quote of the Day "In the real estate business, you learn more about people, and you learn more about community issues, you learn more about life, you learn more about the impact of government -- probably than any other profession that I know of." -- Johnny Isakson, politician (retired Senator from Georgia)

Do you run your business or does your business run you? If the latter is true, this show is especially for you.

Mark Dolfini is the author of the best selling "Time Wealthy Investor." He is also a trainer and coach in the real estate space. He has observed that success in this business depends on the state of your mental health and processes. I'm giving him the floor to share a presentation on just how we can eliminate self-defeating thoughts and habits and tune our brains for maximum success.

Roger's personal note: "I've known Mark for many years. His stuff on vision and mindset is some of the best I've ever seen.

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

American IRA: www.americanIRA.com

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:

• Flipping America Funding is live! Monday May 16th.

News and Resources:

Mindset Moment: Questions from Listeners: starr ask…"what would roger do"

• From dozens of people: "The stock market seems to be a better play for a passive investment. Last year I made over 30% return on my stock portfolio."
• Ethan, Villages of Ocala, FL, "Please explain the installment land contract."
• Dot, Tampa, FL "My husband and I want to invest in rental properties but we are disagreeing about the type of property. He wants to buy cheap houses in older neighborhoods. I'm concerned about crime and the transient nature of the residents. I want to buy in nice middle class neighborhoods, but he is concerned that our returns would not be very good. We would appreciate your thoughts."
• Aldo, McDonough, GA "I bought a home in 2010 and today homes in the neighborhood are selling for twice what I paid for mine. Should I sell now while the price is high?"
• Emily, Wayne, PA, "I've done three flips in the past two years. I really want to quit my job and do this full time, but I need to do four to five flips in a year to do that. How do I get to that level?"

Motivational Quote: Time is the most valuable thing a man can spend. – Theophrastus. The key is in not spending time, but in investing it. – Stephen R. Covey.

Summer is over - Fall is upon us. The nights are getting chilly. It's time to break out the BRRRR method. Wait - is that a cold weather investing strategy? We will set the record straight today.

The BRRRR method is cool. Pun intended. I was doing this long before I knew it had a name. But it's still cool. You can buy unlimited rental houses with the same pot of money over and over again - if you do it correctly.

Our guest today, Nate Barger, has done it hundreds of times. He has perfected the process to the point that he now has a course just on the BRRRR method. The spreadsheet analytical tool that comes with this is worth 5 times the cost of the course. You are going to want to hear this interview. And after hundreds of BRRRR houses, Nate has moved on to apartments and hotels. Yes - hotels. More on that coming up later this year.

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

American IRA: www.americanIRA.com

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:

• Flipping America Funding is live! Monday May 16th.

News and Resources:

• https://www.millionacres.com/real-estate-investing/rental-properties/the-brrrr-method-explained-getting-started-in-real-estate-investing/
• https://www.businessinsider.com/real-estate-investor-rental-units-using-the-brrrr-method-strategy-2021-10
• https://www.marketwatch.com/story/real-estate-investing-can-be-a-strategy-to-save-for-retirement-2021-01-01
• https://www.einnews.com/pr_news/551693990/dominic-kosteris-teaches-investors-around-chicago-the-art-of-brrrr

Mindset Moment:

Let's talk about credibility.

Using the right word.

bit.ly/reiterms

Questions from Listeners:

• Lynette, Milwaukee, WI, "Do I need to be a realtor in order to be an effective investor?Pros: Access to MLS, Set up your own searches, Best data for CMA's, Save money on commissionsCons: Cannot pay referral fees to unlicensed individuals, disclosure requirements, continuing ed, much knowledge unrelated to investing. Selling your own flips is like fixing your own flips if you're a contractor. What you save is offset by the time you spend doing things you could and should be paying someone else to do.
• Kimberly, Sandy Springs, GA "I've heard you mention that you have deals coming to your inbox every day. How do you do that?"
• Lilly, Villages of Ocala, FL, "My husband and I are so tired of our rentals, but we are not tired of the cash flow. We are both in our late 60's. We'd like to sell them to end the headache but aren't sure where we would put the money. Any suggestions?
• • Perhaps not sell - perhaps owner finance?
  • Not an investment advisor, but as a suggestion, you could always look into private lending.
• Chanterelle, Long Beach, CA, "I want to buy some rental properties in Atlanta. Can you connect me with resources there for buying and for property management?"
• Larry, Atlanta, GA "I want everyone to know that the deal I brought you two weeks ago is now sold and closed. You said you would help me get it sold and you did. Thank you." (The power of networking)
• 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?"

Motivational Quote: "When you invest, you are buying a day that you don't have to work." Aya Laraya

Want to get started Wholesaling? You have to hear what we are about to bring you.

David Olds is joining us in a few minutes to talk about wholesaling, dispositions, and real estate in general. He's a smart guy who can help you go from starting up to financially comfortable in a hurry.

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

American IRA: www.americanIRA.com

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:

• Flipping America Funding is live! Monday May 16th.

News and Resources:

Mindset Moment:

Your life is the result of your decisions. Not just the big ones - job, career, marriage, etc. But a hundred smaller ones and a thousand miniature decisions you may not even realize you make. But "make decisions" you do. All day every day.

Questions from Listeners: starr ask… RILA QUESTIONS 1. Shay and Friends, Tony, GA.:Hey, so me and my investor friends are strategizing and thinking of ways to do "no money down"... is FHA Loan or any Loan program that come with terms a good way to go about it, being that some of these loans, don't allow you to put the house back on the market for 3-5 years? 2. Kim Decatur GA: When I look into ways to get a home "no money down" it seems to be more for personal home buyers and rental property investors. I don't see too many opportunities for fix&flip investors... Do you agree? 3. Lawrence Atlanta GA: I have horrible credit, I am also a beginner investor. My friend did a 50/50 partnership with an experienced investor. My friend provided the loan-with his good credit- and the experienced investor managed the project...it was a success. How can I present myself to other investors and convince them to partner with me on deals? 4. LeeAnn, Atlanta GA: As an investor, would getting a house under "seller finance" be a good decision for me...if I can get it lower than market price? My goal is to turn it into a vacation home and get some passive income. 5. George, Smyrna GA: Hey Roger and Starr, 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 psyche Motivational Quote: "Intelligence will help you build a company; wisdom will help you build an empire." ― Matshona Dhliwayo

It's not often I hear something new to me in real estate. Today for the first time I'm going to share with you how real estate novations are used by investors.

We have all heard of innovation. By definition it is the introduction of something new. Innovations are not inventions. They may use existing technology in a new way, or they may combine existing ideas. The focus is on the newness or novelty. So what is novation? According to the dictionary it is "the substitution of a new contract in place of an old one."

So what is the connection between novation and innovation? I looked it up on wikidiff. (Yes that's a thing) and basically learned...they are not really connected. Novation is (legal) replacement of a contract with one or more new contracts, in particular in financial markets the replacement of a contract between a particular buyer and seller with contracts between the clearing house and each party while innovation is the act of innovating; the introduction of something new, ideas, technology, etc.

Apparently the only connection between the two is -- well they are only two letters and one syllable different. The two letters "in" which as a prefix means "not" as "incompetent" for "not competent" or "impossible" for "not possible." Although the "in" is not used as a prefix in this case it almost works, "innovation" for "not novation."

Ok, enough of the dad jokes. Let's talk about Corey Geary and what how he is using Novations as a real estate investor. Corey is a realtor in Arizona and is a 7-figure Wholesaler and fix and flipper. He's joining us shortly.

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

American IRA: www.americanIRA.com

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:

• Flipping America Funding is live! Monday May 16th.

News and Resources:

• Here's a description of "novations" in real estate. https://www.millionacres.com/real-estate-investing/commercial-real-estate/what-real-estate-novation/#:~:text=Novation%20in%20real%20estate%20occurs,replaced%20with%20the%20new%20agreement.
• Some examples of novations in real estate. https://www.masterclass.com/articles/novation-real-estate-guide
• Our friend Attorney Bob Floss talks about novations: http://flosslaw.com/blog/2020/12/23/novation-agreement-in-real-estate
• Novations vs assignments: https://familydebtplanning.com/novation-in-real-estate/

Mindset Moment:

Knowing Your "Why" Isn't Enough (Find Your Why, Simon Sinek)

"Why" make give you drive, or a sense of purpose. But it doesn't move you toward your goals.

Know Your "Whats"

What kind of life do I want?

What goals do I need to reach to get there?

What steps do I need to take to reach those goals?

What is the logical progression to my end vision?

Know Your "Hows"

How do I accomplish my goals?

How is XYZ done?

Questions from Listeners: starr ask…

• 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?"

Motivational Quote: "Intelligence will help you build a company; wisdom will help you build an empire." ― Matshona Dhliwayo

Welcome to Show number 500. It's a bit of a landmark for us. Today we are flipping the script - Starr is going to interview me and ask about where Flipping America came from, what we are up to and what we plan for the future. Coming up now.

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

American IRA: www.americanIRA.com

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:

• Flipping America Funding is live! Monday May 16th.

News and Resources:

Mindset Moment: Questions from Listeners: starr ask…"what would roger do"

Motivational Quote: "Intelligence will help you build a company; wisdom will help you build an empire." ― Matshona Dhliwayo