Flipping America

Real Estate Investing is the Game. And today we are going to talk about coaching.

Hello America! We don't encourage you to drop what you are doing and start flipping houses like you do on TV, but we do encourage everyone to consider real estate as a part of a balanced investment portfolio. And to that end, we intend to bring you the very best news and information, statistics, demographics, how-tos, methods, techniques and strategies, along with inspirational stories and people. All of this will help you make the best, most-informed decision about your own personal involvement in real estate.

Today we are going to talk about getting into the game of real estate and you are going to hear Starr's amazing and nightmarish experience with a real estate coach.

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.

Topic: The Top Ten Ways to Know Your Real Estate Seminar is Actually a Con:

1. The "nationally known" guru is not in attendance.
2. 1. Whose experience is being taught?
   2. Who has the experience to be able to credibly answer audience questions?
   3. What is the actual experience of the presenter and can it be verified?
   1. Where is their headquarters?
   2. Who is the person or persons behind this company? Someone did the work to gain the experience to teach.
   3. This can be taught from a curriculum and a powerpoint, but the most polished professional who is also inexperienced cannot truly serve a real estate audience.
3. The name of the company behind the event is vague, not mentioned, or purposely mis-leading.
   1. Does he or she provide addresses of actual properties flipped?
4. The Presenter's real estate credentials cannot be easily verified.
5. The Presenter does this presentation more than once a month. If they travel and do this presentation more than once a month there is NO possible way they are actively fixing and flipping houses.
6. Early in the presentation (usually within the first two hours), they will have you fill out a worksheet with all of your assets as possible funding sources. Available credit card spending, 401k balance, cash value of insurance policies, etc. Later they will use this information to prove to you that you actually can afford their 20-50k in training.
7. They take time to teach you how to call your credit card providers and ask for an increase in your limit. The really sneaky ones will put you in a group, challenge everyone to do it, bring you back and see if you collectively came up with an amount that would buy a house.
   1. Results - lifestyle.
   2. Financial freedom
   3. Education of children - college
   4. Legacy
8. They make lots of promises to you. And they will seem great!
9. They have an emotional story of their own financial distress and real estate saved the day.
10. They will not let you take photos of the screens or record the event.
11. They want to sell you another more expensive course. Free - Low Cost - High Cost - Upgrade.

Ways to check ahead of time:

1. Check the name of the company. Look at their website. See what they emphasize.
2. Google the name of the company followed by the word "reviews." This may not be helpful, but it can be. One company I researched had over 1000 hits on a website called "Ripoff Report." Anyone can say anything there and not all of it should be believed. But 1000 reports?
3. Ask in online forums - Bigger Pockets, Connected Investors, Facebook Groups, Google Plus Groups etc. What have you heard about …?
4. At the event, get the presenter's full name. Find out where he/she is from. Note as many property addresses as you can during the event. Check those addresses online for ownership and transfers of ownership. Look for an entity that owned the property for 4-6 months in the past two years. Later on, if you get a chance to speak with the presenter, casually drop the name of the entity you found and see if you get a glimmer of recognition. If you're convinced they are lying, just for fun, make up an entity name (or use your own if you have one) and ask them if that was the entity that bought 123 Main St (or whatever). See if they say yes.

• Qualities of a good coach
• • Experience
  • Character
  • Longevity
  • Communication / teaching skill
  • Understanding of different learning styles
• Characteristics of a good coaching program
• • Personal contact
  • Flexibility
  • Personalization
  • Mix of content and activity
  • Price is reasonable
  • Program is valuable
  • What you will learn is shared in advance.
  • There is no mystery about what happens next.

Questions from Listeners: From RILA Motivational Quote: "If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability." Henry Ford

Today we are going to talk about "No Money Down" deals. And my guest Henry Washington has a source that took me a little bit by surprise.

His inspiration to become a real estate investor was born from a panic at night. He married his wife Jessica Washington after knowing each for just one year, and he knew that he couldn't afford the future that he felt his wife deserved. This is after they had conversations about their future home and kids. Currently, they are blessed with an amazing 2-year-old daughter and Jessica is pregnant with their second child.

In our conversation I asked Henry how he got into real estate investing and you'll hear his story in a little while.

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:

• Our friends at MillionAcres.com tells us how to buy property with no money down: https://www.millionacres.com/real-estate-investing/rental-properties/6-ways-buying-rental-property-no-money-down/
• Very basic info on no money down buying. Ignore what they say about assumable loans. They virtually do not exist. Subject-To purchases are possible everywhere, but this story doesn't cover them. https://themortgagereports.com/59359/invest-in-real-estate-with-little-or-no-money-down
• Mashvisor is usually a good resource - as in this read: https://www.mashvisor.com/blog/buying-rental-property-with-no-money-down-10-ways/
• Another good source for "no money down" advice: https://www.noradarealestate.com/blog/invest-in-real-estate-with-no-money/

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

• Evangelina, Baltimore, MD, "I understand the MAO formula. But I can't find any deals that fit that number. Several of my friends are buying above the price that formula recommends and they seem to be doing ok. Can you explain some of the reasoning behind it?"
• Roderick, Tampa, FL, "I want to buy rental properties. It seems like if the property has $200/month or more in positive cash flow I should be fine. But one of my friends said I should check with you. No offense but I had never heard of you until now. Am I missing something here? $2400 a year is good money and with 10 of those I can quit my job."
• Stephen, Boulder, CO, "Can you explain the difference between cap rate and cash on cash return? What should I be looking for when buying a single family rental?"
• Sherry, Sebring, FL, "What are the key steps when buying a flip project in another town?"
• Lynetta, Jackson, WY, "We want to bounce back and forth between Jackson and Austin, TX, you know, avoiding the weather extremes but getting in some skiing when we want, etc. We are both in our mid 50's and our question is should we buy something in both places or just do longer-term rentals? We could pay cash for both places, but can't help but wonder if our cash is better off elsewhere."
• Rhonda, Milwaukee, "Estimating a rehab is overwhelming to me. I just don't know where to start. Please help."

Motivational Quote: One of Henry's favorite quotes is "imperfect action is better than perfect inaction." Harry S. Truman.

"One who never asks anything either knows everything or knows nothing." You've asked, and today we answer your questions.

We do this from time to time. As the questions build up, we just take a moment to answer them.

Email your questions to [email protected]. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don't mind.

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.

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

• Roger, If you had 450,000 to invest right NOW...how would you invest it, but there is a twist...think of yourself as age 28?
• Roger, where would you build, buy, invest internationally and why?
• Would you buy real estate with crypto currency?

Questions from Listeners:

• Can a first time rehabber be in any state and still work with you as a rehab consultant for the rehab program?
• MerryLynn, Milwaukee, WI "I am thinking of buying a condo to use for AirBnB. But the building a block away just banned owners from using AirBnB. Can they do that? And what would I do if they banned it in my building?"
• Samuel, Long Beach, CA "My flip is in a real hipster area. Should I do the wild colors I'm seeing up and down the street or be more neutral? I'm not sure how to go in-between."
• Elizabeth, Denver CO, "Can you flip apartments?"
• Milo, Columbus, OH, "Someone told me the Columbus market is hot. So tell me why my flip property isn't selling? It's the only rehabbed house in the neighborhood so it's price well above the other houses, but it should sell anyway right?"
• MaryAnn, Morgantown, WV, "I am having trouble getting a hard money loan or a private money loan because I have no experience. Please tell me what I can do."
• Sidney, Lancaster, PA, "I can buy a duplex that will bring 1500/month in rents for $150,000 or I can buy a single family for $120,000 that will bring 1200/month. They both seem to be the same in terms of the return. The duplex seems like more work. What are some other things I need to be thinking about to decide which?
• Alana, Phoenix, AZ, "I have a property under contract and with three days to go until closing my seller notified me that they are cancelling the agreement and going with another offer. Can they do that?"
• Alison, Milwaukee, WI, "What do you look for in a Property Management company?"
  • They handle the eviction.
  • If in the first 12 months, do they offer a break or discount on placement fee of new tenant? (kind of important)
• • Character and reputation
  • Not necessarily the lowest fees, but not more than 10% either.
  • Do they have in-house repair crew? (that's a no-go)
  • Will they give me the option to make repairs with my crew? (ok then)
  • What is their reporting procedure?
  • How do they handle late payments?
  • What happens when they evict?
  • We have sent you our free guide to hiring Property Management.
• Garrett, Boulder, CO, "I think my property is priced correctly but it's not showing. What could I be doing to market it better?"
• Utembe, Minneapolis, MN, "Can you put me on your VIP buyers' list for the inexpensive houses?"

Motivational Quote: When you think of it, really there are four fundamental questions of life. You've asked them, I've asked them, every thinking person asks them. They boil down to this; origin, meaning, morality and destiny. 'How did I come into being? What brings life meaning? How do I know right from wrong? Where am I headed after I die?' Ravi Zacharias

Passive income is the key to your financial freedom. And passive income in real estate is achieved by owning income-producing properties. Today, we are going to get you one.

You hear me say it all the time. We don't encourage everyone to drop what you are doing and start flipping houses like you see on TV. We DO encourage everyone to consider including real estate in a well-balanced investment portfolio. To that end, this show exists to bring you news and information, strategies and techniques, inspirational people and stories, technology, demographics, statistics, and anything else we can find to help you make the best decisions possible about your relationship with real estate.

Contrary to what HGTV might have you believing, most people begin their investing career by owning rentals. I'm called the Flipping America guy, but I didn't start out flipping. I started out with rentals like most of you. Today's market is hard for buyers - especially for buyers looking for deals that make sense as income producers.

How to contact us

Follow Starr @realestateislifeatlanta on IG and Facebook

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.

Email your questions to [email protected]. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don't mind.

Sponsors

New Course, "REI By the Numbers"

Flipping America Funding: flippingamericafunding.com. 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.

Real Estate Investing Quick Start.

Announcements:

• The Buyers Club is open for new members for a limited time. I have a new video on our YouTube channel about the Buyers Club. As long as that video is up, we are accepting new members. When we reach capacity we will take it back down. Just go to YouTube and search Flipping America. You will see we are posting content that is both useful and a little bit fun. While you are there please subscribe and hit the notification bell so you will know whenever we upload new content.

MIndset Moment:

I have a new course out called REI by the Numbers. In this course I cover among other things the numbers involved in buying rental properties. I provide some general buying rules, but also explain in detail my unique "Maximum Payment Offer" or MPO for rentals. Do you want to know how equity builds and wealth grows in rentals? I have a chart for that. I explain things like loan constant, debt service coverage ratio, yield spread, and much more. The course covers the numbers used in flips as well. It includes several formulas I invented for analysis and management of my own investing business, now with more than 2000 properties moved through our systems. Go to bit.ly/reinumbers today.

News and Resources:

• Connected Investors on "How to Buy a Rental Property" https://connectedinvestors.com/blog/how-to-buy-your-first-rental-property/?wickedsource=google&wickedid=Cj0KCQjwm9yJBhDTARIsABKIcGb-k25mVPbl7OCdda-Yw2wVWOw58x2483Ke23n75CdnplIHkOT2X_MaAgpMEALw_wcB&wickedid=492547685987&wv=3.1&utm_medium=ppc&utm_network=g&utm_campaign=12118200924&gclid=Cj0KCQjwm9yJBhDTARIsABKIcGb-k25mVPbl7OCdda-Yw2wVWOw58x2483Ke23n75CdnplIHkOT2X_MaAgpMEALw_wcB
• RoofStock on How to Buy a Rental Property https://learn.roofstock.com/blog/how-to-buy-rental-property
• 18 tips for buying a rental property from Investopedia: https://www.investopedia.com/articles/investing/090815/buying-your-first-investment-property-top-10-tips.asp
• Rocket HQ on how to buy your first rental: https://www.rockethq.com/learn/personal-finances/how-do-you-buy-your-first-investment-property
• MillionAcres on how to buy your first rental property: https://www.millionacres.com/real-estate-investing/rental-properties/buying-your-first-investment-property-step-step-guide/
• Bigger Pockets on how to buy your first rental property: https://www.biggerpockets.com/guides/how-to-buy-rental-property
• SparkRental on how to buy your first rental property: https://sparkrental.com/how-to-buy-your-first-rental-property-no-money-down/

Questions from Listeners: Starr's "What would Roger Do"

• Roger, If you had 450,000 to invest right NOW...how would you invest it, but there is a twist...think of yourself as age 28?
• Roger, where would you build, buy, invest internationally and why?
• What do you think about buying real estate with crypto currency?

Motivational Quote: "With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu

If you know how to put together a creative deal structure, you'll be able to say "yes" to a lot more opportunities. Today we are going to share some secrets with you that will let you do that.

We will be joined in a little while by Scott Ulmer and Tan Michell. They appeared recently on a Flipping America REIA live event to talk about Subject-To Secrets. Scott is one of the principles at Little Pink Houses of America, a fine organization that is buying and selling all over the country. They are looking for affiliate relationships in many areas. If you want to learn how to do creative deal structures, both on the buy AND the sell side, you may want to consider becoming one of their affiliates. They provide the training, guidance as you go, and back office support for your deals. They don't have to make repairs, hire contractors, or wait for rehabs to complete. They will pay an owner a fair price for their home with a deal structure and then sell to someone on their buyers list with another deal structure. It works well and, in my view, is a more honest approach than that taken by the so-called iBuyers.

How to contact us

Follow Starr @realestateislifeatlanta on IG and Facebook

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.

Email your questions to [email protected]. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don't mind.

Sponsors

Create the Life of Your Dreams. A free course at the Flipping America Academy.

Flipping America Funding: flippingamericafunding.com. 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.

Real Estate Investing Quick Start.

Announcements:

• The Buyers Club is open for new members for a limited time. I have a new video on our YouTube channel about the Buyers Club. As long as that video is up, we are accepting new members. When we reach capacity we will take it back down. Just go to YouTube and search Flipping America. You will see we are posting content that is both useful and a little bit fun. While you are there please subscribe and hit the notification bell so you will know whenever we upload new content.

MIndset Moment:

News and Resources:

https://www.pinkhousesofamerica.com/

These states are still waging war on landlords: https://www.cnbc.com/2021/08/30/evictions-are-still-banned-in-these-states-.html

Questions from Listeners: Starr's RILA Group

• I am biggggggg on energy: I love Starr because she talks alot about having the right mindset in life. From your experience Roger, What type of mindset should you have coming into real estate investing?
• I have put about 65,000 into an investment property I bought 3yrs ago and have only been able to get back $30,000 and that's because I did a cash-out refi. My property has a BPO of $240,000, I owe 198,000 on it...should I sell it?
• I live by... "invest in yourself". Roger, I know you mentor others who inspire you to become great investors, however who inspires you at this point in your real estate career...any mentors?
• I am very young -18 to be exact. I have a little capital and I want to invest in real estate right away. If you had 450,000 to invest right now Roger...how would you invest it...think of yourself as 18?

Motivational Quote: "With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu

How do you compare dissimilar deals?

Would you rather make $50k 70 miles away or $35k right around the corner?

Would you rather make $70k on a $200k project or $50k on a $135k project?

How about $60k in 4 months on a $250k investment or $75k in 7 months on $300k?

What if you could make $60k in profit on two light rehabs OR you could make $80 on a "pop top" rehab deal?

What if the property looks very profitable but is in a bad neighborhood?

What if the deal looks great but it's 100 miles away?

What if you can make $150k, but the rehab will take more than a year and sales are slow there?

Investors face thousands of questions like these every day across America. Your answers to situations like these will depend in large part on the numbers, but not entirely on them. Sometimes an attractive set of numbers comes with a basically ugly house. Most big profits come from equally big rehabs. How do you "measure" market heat? How can we quantify the effect of distance on the project?

I tackled this problem years ago and developed a way to compare disparate properties. Today I am going to let you behind the curtain to see the logic and methods I used to create the Flipping America Property Grade and the Property Grade app. Some of you will say, "oh, ok, now I see what to do" and will go make your own analysis tool based on your own priorities. Some of you will say, "that's interesting -- where can i just get the app?" But everyone will benefit from knowing the principles involved in quantifying the intangibles that allow you to compare everything with everything.

How to contact us

Follow Starr @realestateislifeatlanta on IG and Facebook

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.

Email your questions to [email protected]. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don't mind.

Sponsors

Create the Life of Your Dreams. A free course at the Flipping America Academy.

Flipping America Funding: flippingamericafunding.com. 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.

Real Estate Investing Quick Start.

Announcements:

• The Buyers Club is open for new members for a limited time. I have a new video on our YouTube channel about the Buyers Club. As long as that video is up, we are accepting new members. When we reach capacity we will take it back down. Just go to YouTube and search Flipping America. You will see we are posting content that is both useful and a little bit fun. While you are there please subscribe and hit the notification bell so you will know whenever we upload new content.

MIndset Moment:

News and Resources:

The Skip Tracing Programs reviewed by Jan Bancroft and her group:

Launch Control

Profit Drive

Skip Genie

REI Skip

PropStream

True People

Been Verified

Back Skip Tracing

REI Reply

Real Estate IQ on Demand

Not Tested: TLO, more for private investigators.

Questions from Listeners: Starr's RILA Group

• I own my home but want to do a refi. Would you suggest me getting my own appraisal or using the one associated with the Bank that I am doing my refi with?
• I am going through the process of becoming a section 8 landlord. My property is listed at 1700 for a 3/2, but the program will only give me 1400 according to the zip code market value. Is there a way around this?
• I am curious...When doing a refi, why would a bank give a "No Appraisal Required" to the property owner?

Motivational Quote: "It's through curiosity and looking at opportunities in new ways that we've always mapped our path." Michael Dell With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu

One of the top questions I get here at Flipping America goes something like this: "I want to keep my day job but I want to invest in real estate on the side. You have several options and today we are going to talk about them.

The REIT (Real Estate Investment Trust) is one of the first passive real estate investment vehicles created. The REIT raises capital from ordinary investors who purchase shares, in a manner similar to buying stocks. The REIT then purchases and manages real estate. The laws governing REITS require almost all of the profits to be paid out to the shareholders. Your return will be based on the performance of the REIT.

Many REITs consistently provide returns of well over 10% annually and some approach 20% returns. And now you know why this is a topic we all should explore. Why would you go to all the trouble and effort of a fix and flip that will pay you a 10% return on your investment? Hint: You should not do that deal. You're better off in a REIT.

I'm famous for saying "Compare everything with everything." Learn about REITs and compare them with what you are already doing. You may find that this is a direction you want to go.

Deidre Woolard is Editor in Chief of MillionAcres.com, a division of The Motley Fool investment advisors. She recently spoke at a live Flipping America REIA event and we have pulled some of the audio from that interview for you today. If you want to watch the entire video, go to flippingamericareia.com for details.

How to contact us

Follow Starr @realestateislifeatlanta on IG and Facebook

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.

Email your questions to [email protected]. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don't mind.

Sponsors

Create the Life of Your Dreams. A free course at the Flipping America Academy.

Flipping America Funding: flippingamericafunding.com. 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.

Real Estate Investing Quick Start.

Announcements:

• The Buyers Club is open for new members for a limited time. I have a new video on our YouTube channel about the Buyers Club. As long as that video is up, we are accepting new members. When we reach capacity we will take it back down. Just go to YouTube and search Flipping America. You will see we are posting content that is both useful and a little bit fun. While you are there please subscribe and hit the notification bell so you will know whenever we upload new content.

Questions from Listeners:

• Altomar, Lancaster, PA, "I'm in a medium sized town and most of the possibilities here either don't have enough profit or are too old with huge rehabs. What would you recommend?"
• Kimberly, Vickie, Steven, Christopher, Brian, Chris, Jeff, Steve, Kristen, Casey, "Help! I just spent ($30-65k) learning how to do this business but I don't know what to do next. Or I don't know what to do first. What should I do?"
• • Get information. Including information on how to own and run a business.
  • Get a mentor,
  • Get a property,
  • Get crackin.

RILA RECAP

• What are some of the best tax strategies for flippers? (recap question from RILA)
• Most millennials aren't buying homes but renting or staying home with their parents. As a millennial investor, I am concerned about where the real estate market is heading being that millennials seem to be settling later in life

Motivational Quote: "It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." — George Soros

We all have our various procedures we follow with our properties, which together are referred to as our system. But did you know there is a larger system that can be used not just with your properties, but with your entire business? That's what we are talking about today on Flipping America.

The Entrepreneurial Operating System is a set of common-sense, field-tested, proven principles that govern the planning and implementation of a business. It makes things run more smoothly, the company grows, profits go up, and life is good. Very few people have a natural ability to manage a company this well instinctively and when they do, guess what? They are instinctively using the principles codified in the EOS. This system is not just the latest business fad theory. It's a practical approach gleaned from observations over many years of some of the most successful and effective businesses on earth.

Brian Sulka is a Professional EOS Consultant. He recently did a webinar for the Flipping America REIA that we called a Deep Dive into EOS. I'm going to play some of that webinar for you today. If you want the entire presentation, go to flippingamericareia.com for more details.

How to contact us

Follow Starr @realestateislifeatlanta on IG and Facebook

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.

Email your questions to [email protected]. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don't mind.

Sponsors

Create the Life of Your Dreams. A free course at the Flipping America Academy.

Flipping America Funding: flippingamericafunding.com. 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.

Real Estate Investing Quick Start.

Announcements:

• The Buyers Club is open for new members for a limited time. I have a new video on our YouTube channel about the Buyers Club. As long as that video is up, we are accepting new members. When we reach capacity we will take it back down. Just go to YouTube and search Flipping America. You will see we are posting content that is both useful and a little bit fun. While you are there please subscribe and hit the notification bell so you will know whenever we upload new content.

MIndset Moment:

I've watched new people come in for years. Those with an edge hit stride quickly and do well. For others it takes longer. It's a steep learning curve

Real Estate

Business Ownership

Remodeling

If you have a background in one of those you have a leg up on others who are getting into the investing world.

News and Resources:

• Want to sell a home to a Millenial? Try one of these top ten cities where Millenials are buying. https://www.forbes.com/sites/ellenparis/2021/01/18/the-most-popular-cities-for-millennial-homebuyers-according-to-lendingtree/?ss=real-estate&sh=6a876f6f362e

Questions from Listeners:

• Altomar, Boulder, CO, "Prices are crazy here anywhere near the campus. What would you suggest to people with a bit of money but not enough to do a 600k loan?"
• Lamar, Atlanta, GA "The house across the street from my current project is vacant and the owners stay just about a 3 minute drive from where I live. I'm pretty sure they inherited it. I thought about knocking on their door the other day, but I don't know what I would say. How would you try to buy it?"

Motivational Quote: "The best executive is the one who has sense enough to pick good men to do what he wants done, and self-restraint to keep from meddling with them while they do it." – Theodore Roosevelt

In case you didn't know this, I am a man. And as a man, I find it difficult - if not impossible - to see and experience life from a woman's point of view. According to my beautiful and loving wife, one of the smartest things about me is I realize I don't understand women at all. But there is a need for women to understand real estate, real estate investing, and financial literacy. But what can I - as a clueless man - do to make a difference? I can have people like today's guest Kat Timpson on my show. Plus I've got updates on interest rates, 3-D printed homes, a couple of top 25 lists and a top ten list, and more questions from you than I'll have time for today I'm sure.

Kathryn is President of the North Central Jersey Women's Council of Realtors and is committed to helping women become financially literate and invest in real estate. She's joining us in a few minutes to talk about her activities and plans.

How to contact us

Follow Starr @realestateislifeatlanta on IG and Facebook

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.

Email your questions to [email protected]. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don't mind.

Sponsors

Create the Life of Your Dreams. A free course at the Flipping America Academy.

Flipping America Funding: flippingamericafunding.com. 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.

Real Estate Investing Quick Start.

Announcements:

• The Buyers Club is open for new members for a limited time. I have a new video on our YouTube channel about the Buyers Club. As long as that video is up, we are accepting new members. When we reach capacity we will take it back down. Just go to YouTube and search Flipping America. You will see we are posting content that is both useful and a little bit fun. While you are there please subscribe and hit the notification bell so you will know whenever we upload new content.

MIndset Moment:

I've watched new people come in for years. Those with an edge hit stride quickly and do well. For others it takes longer. It's a steep learning curve

Real Estate

Business Ownership

Remodeling

If you have a background in one of those you have a leg up on others who are getting into the investing world.

News and Resources:

• Want to sell a home to a Millenial? Try one of these top ten cities where Millenials are buying. https://www.forbes.com/sites/ellenparis/2021/01/18/the-most-popular-cities-for-millennial-homebuyers-according-to-lendingtree/?ss=real-estate&sh=6a876f6f362e
• We have about six or eight more months of this… https://magazine.realtor/daily-news/2021/08/20/mortgage-rates-barely-budge-remain-below-3
• Top 25 places to buy a vacation home, according to Vacasa. Shout out to Ellijay, GA! https://magazine.realtor/daily-news/2021/08/19/top-25-places-to-buy-a-vacation-home
• The top 25 most affordable places to rent. https://magazine.realtor/daily-news/2021/08/20/the-25-cheapest-places-to-rent
• The 3-D printed home is becoming a thing. https://magazine.realtor/daily-news/2021/08/20/3d-printed-homes-are-gaining-consumer-interest

Questions from Listeners:

• Sandra, Kansas City, MO, "How do you get in and see all the properties around the country you and your investors are buying?"
• Allison, Milwaukee, WI, "I have a full-time job, but I'm so ready to get started in this business. My plan is to flip a house, then use some of the profits as a down-payment on a rental. I have about 10 hours a week I can spend. What is a realistic goal for me to reach by the end of 2022 ?
• Eduardo, Houston, TX "I'm a short drive from the beach and a short drive from some fairly inexpensive rental properties. I don't have enough money to do both. If you were in my shoes what would your preference be? I've run the numbers and the beach properties could be a little bit more lucrative."
• Cindy, Chattanooga, TN "How do you decide whether a town is too small to flip a house?"
• Barry, Macon, GA "We have some areas here in downtown Macon that really need revitalizing. I believe I can help with that by fixing up some of the houses. We could make a positive impact, but my contractor doesn't want to work down there. Any suggestions?"
• Altomar, Boulder, CO, "Prices are crazy here anywhere near the campus. What would you suggest to people with a bit of money but not enough to do a 600k loan?"
• Lamar, Atlanta, GA "The house across the street from my current project is vacant and the owners stay just about a 3 minute drive from where I live. I'm pretty sure they inherited it. I thought about knocking on their door the other day, but I don't know what I would say. How would you try to buy it?"

Motivational Quote: "Women belong in all places where decisions are being made. It shouldn't be that women are the exception." - Ruth Bader Ginsburg

The number 2 largest issue we hear about here at Flipping America is problems with contractors. For busy house flippers, it can be the very bane of our existence. Today - we take big steps toward solving this problem.

Fixing and Flipping homes is a business with a lot of moving parts. For that business to function properly, everyone must do their job. The biggest determiners of your profitability are your acquisition price and your renovation costs. And renovation problems kill many a good deal. But I can personally attest that if you have a great contractor, this business is much much easier.

Eric Ridenour is the Research and Strategy Director for Home DNB, Inc. (design and build), on the web at homednb.com. Home DNB is an industry disrupter that makes the reno process easy. He worked his way through college in landscape and specialty tile/stonework construction before pursuing his degree in business administration. Now in his work with HomeDnB he was featured in AUTHORITY MAGAZINE's series of articles "House Flipping: 5 Things You Need To Know To Create A Successful Career Buying, Rehabbing, and Selling Properties," was profiled in FORMIDABLE MEN magazine and is frequently quoted in media.

How to contact us

Follow Starr @realestateislifeatlanta on IG and Facebook

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.

Email your questions to [email protected]. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don't mind.

Sponsors

Create the Life of Your Dreams. A free course at the Flipping America Academy.

Flipping America Funding: flippingamericafunding.com. 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.

Real Estate Investing Quick Start.

Announcements:

• The Buyers Club is open for new members for a limited time. I have a new video on our YouTube channel about the Buyers Club. As long as that video is up, we are accepting new members. When we reach capacity we will take it back down. Just go to YouTube and search Flipping America. You will see we are posting content that is both useful and a little bit fun. While you are there please subscribe and hit the notification bell so you will know whenever we upload new content.

Questions from Listeners:

Starr's Questions from RILA:

• What are some good real estate investing apps to help solve challenges we face as real estate investors?
• From your experience, what are some of the best tax strategies for flippers?
• What are some great hedge fund platforms for investors looking for their next fix/flip or rental project?
• What is the best insurance to put on your property for repairs...like plumbing, HVAC, and etc?
• More and more investors are looking for more convenient ways to purchase property and land...How do you feel about buying online without physically seeing, and do you use any online purchasing platforms?

News and Resources:

• Steven Libman's site: https://integrityhg.com/
• I differ in opinion on a few of these. https://learn.roofstock.com/blog/real-estate-trends-2021
• I told you more than a year ago that this business model is similar to the used car industry - complete with the dishonesty. https://www.housingwire.com/articles/ibuyer-offerpad-claims-profitability-pre-ipo/
• Meanwhile, OpenDoor, OfferPad's predecessor and chief competitor, loses $144M. https://www.housingwire.com/articles/opendoor-ramps-up-but-loses-144m/
• Common sense predictions. https://www.noradarealestate.com/blog/housing-market-predictions/

Motivational Quote: "As I hurtled through space, one thought kept crossing my mind - every part of this rocket was supplied by the lowest bidder." - John Glenn