Flipping America

Flipping America

By Roger BlankenshipBusinessEntrepreneurshipInvesting
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Flipping America episodes

  • Flipping America 456, Find Your Fit in Real Estate Investing

    Flipping houses is popular and is the subject of many TV shows. But it isn't for everyone. In fact, it's probably not for MOST people. There are many ways to invest in real estate and you should consider all your options before launching. For some the skills required are not a good fit. For others it's the money required. 

    I want you to take a comprehensive and honest look at yourself before embarking on your real estate investing adventure. You can try things and see what works for you or you can save time and money by thinking through the issues ahead of time. Later in the show I’m going to play the audio from lesson one in my new course “Find Your Fit in Real Estate Investing.” This is a free course designed to help you get started on the right path. It’s available at bit.ly/findyourfitinre. It’s just 5 lessons. You can take the entire course in one afternoon or one weekend. 

    Before we get to the course I’m going to try and finish up the questions we had put together for the BIG Q&A shows we just did. 

    Mindset Moment: 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. 

    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

    American IRA: www.americanIRA.com

    Flipping America Buyers Club

    Legal Shield

    Questions:
    1. Peter, Villages of Ocala, FL, What should I look for in a lucrative investment property?
    2. Cissie, Blue Ridge, GA, Does a higher credit score mean a better mortgage rate?
    3. Shondra, Mobile, AL, What does the new mortgage stress test mean?

    Home Sellers, Dozens, if not hundreds of people are asking these questions.

    1. How do I prepare my home before I sell it?
    2. When is the best time to sell my home?
    3. How long will it take to sell my home?
    4. How can I figure out how much a home is worth?
    5. Why is my home’s assessed value different than the market value?
    6. Are real estate prices negotiable?
    7. How much of the sale price do I get?
    8. Is paying 6% to sell a home required?
    9. Do discount agents provide the same service as more expensive agents?
    10. What is a home buyer rebate?
    11. Should I sell my home before buying a new one?
    12. What is the first step for buying a home?
    13. Why do I need a mortgage before I buy a house?
    14. Can I back out of buying a house?
    15. Can a seller help me pay closing costs?
    16. As a buyer do I have to pay a home inspector?
    17. Should I get a survey?
    Motivational Quote: “The common man is not concerned about the passage of time, the man of talent is driven by it.” Arthur Schopenhauer

     

    1 hr 1 min
  • Flipping America 455, The BIG Q&A Show, part 2

    You have questions. Lots of them. Lots more than I could get into the previous show so today I'm continuing to answer your questions.

    If you have questions about real estate or real estate investing, send them in an email to [email protected]. We will answer your question within 24 hours and we might end up using it on a show like this. We like helping people and we like getting questions and feedback from the audience. So to encourage this, today we are starting a question contest. You have until March 15 to submit your questions via email to us. On the Monday, March 15 show, we are going to announce our contest winners and their prizes, which will include training, books and technology products with a combined value of over $10,000. All you have to do is send a question to [email protected]. Tell us where you are from, and ask your question, and tell me in one paragraph why you are worthy and deserving of a full scholarship to my Ultimate Real Estate Investor Machine Training. Most of the prizes will be from random drawings, but the grand prize - this $6000 scholarship will be awarded to one person based on a decision from our distinguished panel of judges here at Flipping America.

    Every question becomes an entrant for one of the prizes, and every paragraph of worthiness will be considered for the Grand Prize.

    Mindset Moment:

    Hey fellow entrepreneurs, I know that someone listening to me right now is thinking about giving up, going back to a W2 job, just to ease the stress and uncertainty of this life. This message is for you. I'm not going to tell you to not give up. I'm going to ask you to think objectively about your situation. Some of you probably should give up and get a job. Does it surprise you that I would say that? I'm just being real. This life simply isn't for everyone. If I'm honest, and I always am, there have been some days I've wondered if it's for me.

    Here's what I encourage you to think about:

    The Situation

    The Realistic Prospects

    Your Skills

    Your Motivation

    Your Mindset - are you really cut out to be a business owner?

    What is happening when you feel "on top of things"?

    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.

    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

    American IRA: www.americanIRA.com

    Flipping America Buyers Club

    Legal Shield

    Announcements:
    News: Questions The Top Asked Real Estate Investing Questions
    1. Marcus, Frankfort, KY, (and dozens of others) Why should I invest in real estate?
    2. Sara, Long Beach, CA, What kind of real estate investments are best?
    3. Manza, San Antonio, TX How do I find a profitable investment property?
    4. Anthony, Chicago, IL Where will I find the most profitable investment properties?
    5. Tracy, Chattanooga, TN How much initial capital do I need?
    6. Quentin, Moss Creek, SC How will I finance the property?
    7. Andrew, Puget Sound, WA, How long does it normally take to see profit from a flip?
    8. Pradesh, Atlanta, GA What contingency plans can I implement if my exit strategy fails on a flip?"
    9. Lakeisha, Mobile, AL, "Can I begin investing in real estate with no money?"
    10. Shawanda, Conyers, GA, "Is real estate investing easier if I already own property?"
    11. Jonathan, Portland, ME "Do I need a real estate agent when buying a property?"
    12. Tasha, Pittsburgh, PA "Should I invest in out-of-state properties?"
    13. Roselle, Denver, CO and about 200 others, "How can I learn about real estate investing?
    14. Alvin, Pasadena, CA "Do I need a real estate mentor?"
    15. Anthony, Jacksonville, FL "How will I determine the rent to charge for my property?"
    16. Kimberly, Roseberg, OR "How do I find the right tenant for my rental property?"
    17. Jameson, Johns Creek, GA"Should I make any improvements to my investment property before renting it out?"
    18. Sheila, Orlando, FL "Should I hire professional property management?"
    19. Matthew, Forsyth, GA "Do I need a home inspection?"
    20. Jimmy, Stockbridge, GA "Do I need a real estate license as an investor?"
    21. Candice, Stone Mountain, GA "What does After Repair Value mean?"
    22. Freddie, Waukesha, WI, "What marketing campaigns are best for new investors?"
    23. Carmine, Columbus, OH "What are the best tax benefits associated with real estate investing?"
    24. Addison, Milwaukee, WI "How should my real estate company be structured?"
    25. Larry, Harrisburg, PA "How do I choose a name for my real estate company?"
    26. Arden, Greenville, SC "How suitable is my market (Greenville) for investing?
    27. Sal, Leet Township, PA, "How do I determine the value of an investment property?"
    28. Charlene, Port St. Lucie, FL "How much of a down payment and mortgage do I need to get started? How much additional capital will I need in the future?
    29. William, Boulder, CO, "What do I need to know about a potential city where I might invest and how do I get this information?
    30. Cameron, Provo, UT, "I'm a college student and my studies keep me pretty busy. Is there something I could be doing right now to build my future as a real estate investor? I can devote about 4-6 hours a week to this"
    Real Estate Questions Asked by: Homebuyers
    1. Adrian, Modesto, CA, Should I buy or rent a home?
    2. Manny, Philadelphia, PA, How do I figure out what kind of home can I afford?
    3. Charlene, St. Petersburg, FL, When should I apply for a mortgage pre-approval?
    4. Arthur, Daytona Beach, FL, How do I look for a home?
    5. Cindy, Atlanta, GA Is it possible to buy a home and sell my current one simultaneously? I'm thinking about calling OfferPad.
    6. Marvin, Knoxville, TN, I am under contract to sell my house. I've changed my mind. Can I still back out of the deal? It's a legal contract. You could be sued for failure to perform. You should offer the buyer money - cover all their costs and then some. They could force you to sell.
    7. Harold, Jacksonville, FL Do I really need a real estate agent?
    8. Mitch, Ft. Worth, TX, Can I trust my real estate agent?
    9. Jennifer, Memphis, TN How much do I pay a real estate agent?
    10. Austin, Indianapolis, IN I'm thinking about buying my first home. Where do I start?
    11. Harvin, Pittsburgh, PA, Is there a "best" time of year price-wise to buy a home?
    12. Ernesto, Columbus, GA Can I buy a home with no down payment?
    13. Stan, Dallas, TX, How does mortgage loan insurance work?
    14. LaWanda, Jackson, MS, How much will I need for closing costs?
    15. Maggie, Charlotte, NC, Should I lower the list price, or offer an incentive to realtors to sell my home faster?
    16. Patricia, Birmingham, AL What color of houses sell fastest?
    17. Peter, Villages of Ocala, FL, What should I look for in a lucrative investment property?
    18. Cissie, Blue Ridge, GA, Does a higher credit score mean a better mortgage rate?
    19. Shondra, Mobile, AL, What does the new mortgage stress test mean?

    Home Sellers, Dozens, if not hundreds of people are asking these questions.

    1. How do I prepare my home before I sell it?
    2. When is the best time to sell my home?
    3. How long will it take to sell my home?
    4. How can I figure out how much a home is worth?
    5. Why is my home's assessed value different than the market value?
    6. Are real estate prices negotiable?
    7. How much of the sale price do I get?
    8. Is paying 6% to sell a home required?
    9. Do discount agents provide the same service as more expensive agents?
    10. What is a home buyer rebate?
    11. Should I sell my home before buying a new one?
    12. What is the first step for buying a home?
    13. Why do I need a mortgage before I buy a house?
    14. Can I back out of buying a house?
    15. How can a real estate agent help me buy or sell a home?

    Motivational Quote: " Your time is limited, so don't waste it living someone else's life. Don't be trapped by dogma – which is living with the results of other people's thinking. Don't let the noise of other's opinions drown out your own inner voice. And most important, have the courage to follow your heart and intuition. They somehow already know what you truly want to become. Everything else is secondary." – Steve Jobs, Co-founder, CEO, Chairman Apple Inc.
    1 hr 1 min
  • Flipping America 455, The BIG Q&A Show, part 2

    You have questions. Lots of them. Lots more than I could get into the previous show so today I’m continuing to answer your questions. 

    If you have questions about real estate or real estate investing, send them in an email to [email protected]. We will answer your question within 24 hours and we might end up using it on a show like this. We like helping people and we like getting questions and feedback from the audience. So to encourage this, today we are starting a question contest. You have until March 15 to submit your questions via email to us. On the Monday, March 15 show, we are going to announce our contest winners and their prizes, which will include training, books and technology products with a combined value of over $10,000. All you have to do is send a question to [email protected]. Tell us where you are from, and ask your question, and tell me in one paragraph why you are worthy and deserving of a full scholarship to my Ultimate Real Estate Investor Machine Training.  Most of the prizes will be from random drawings, but the grand prize - this $6000 scholarship will be awarded to one person based on a decision from our distinguished panel of judges here at Flipping America. 

    Every question becomes an entrant for one of the prizes, and every paragraph of worthiness will be considered for the Grand Prize. 

    Mindset Moment:

    Hey fellow entrepreneurs, I know that someone listening to me right now is thinking about giving up, going back to a W2 job, just to ease the stress and uncertainty of this life. This message is for you. I’m not going to tell you to not give up. I’m going to ask you to think objectively about your situation. Some of you probably should give up and get a job. Does it surprise you that I would say that? I’m just being real. This life simply isn’t for everyone. If I’m honest, and I always am, there have been some days I’ve wondered if it’s for me. 

    Here’s what I encourage you to think about:

    The Situation

    The Realistic Prospects

    Your Skills

    Your Motivation

    Your Mindset - are you really cut out to be a business owner?

    What is happening when you feel “on top of things”? 

    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. 

    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

    American IRA: www.americanIRA.com

    Flipping America Buyers Club

    Legal Shield

    Announcements:
    •  
    News:  Questions  The Top Asked Real Estate Investing Questions
    1. Marcus, Frankfort, KY, (and dozens of others) Why should I invest in real estate?
    2. Sara, Long Beach, CA, What kind of real estate investments are best?
    3. Manza, San Antonio, TX How do I find a profitable investment property?
    4. Anthony, Chicago, IL Where will I find the most profitable investment properties?
    5. Tracy, Chattanooga, TN How much initial capital do I need?
    6. Quentin, Moss Creek, SC How will I finance the property?
    7. Andrew, Puget Sound, WA, How long does it normally take to see profit from a flip?
    8. Pradesh, Atlanta, GA What contingency plans can I implement if my exit strategy fails on a flip?”
    9. Lakeisha, Mobile, AL, “Can I begin investing in real estate with no money?”
    10. Shawanda, Conyers, GA, “Is real estate investing easier if I already own property?”
    11. Jonathan, Portland, ME “Do I need a real estate agent when buying a property?”
    12. Tasha, Pittsburgh, PA “Should I invest in out-of-state properties?”
    13. Roselle, Denver, CO and about 200 others, “How can I learn about real estate investing?
    14. Alvin, Pasadena, CA “Do I need a real estate mentor?”
    15. Anthony, Jacksonville, FL “How will I determine the rent to charge for my property?”
    16. Kimberly, Roseberg, OR “How do I find the right tenant for my rental property?” 
    17. Jameson, Johns Creek, GA“Should I make any improvements to my investment property before renting it out?”
    18. Sheila, Orlando, FL “Should I hire professional property management?”
    19. Matthew, Forsyth, GA “Do I need a home inspection?”
    20. Jimmy, Stockbridge, GA “Do I need a real estate license as an investor?”
    21. Candice, Stone Mountain, GA “What does After Repair Value mean?”
    22. Freddie, Waukesha, WI, “What marketing campaigns are best for new investors?”
    23. Carmine, Columbus, OH “What are the best tax benefits associated with real estate investing?”
    24. Addison, Milwaukee, WI “How should my real estate company be structured?”
    25. Larry, Harrisburg, PA “How do I choose a name for my real estate company?”
    26. Arden, Greenville, SC “How suitable is my market (Greenville) for investing?
    27. Sal, Leet Township, PA, “How do I determine the value of an investment property?”
    28. Charlene, Port St. Lucie, FL “How much of a down payment and mortgage do I need to get started? How much additional capital will I need in the future?
    29. William, Boulder, CO, “What do I need to know about a potential city where I might invest and how do I get this information?
    30. Cameron, Provo, UT, “I’m a college student and my studies keep me pretty busy. Is there something I could be doing right now to build my future as a real estate investor? I can devote about 4-6 hours a week to this”
      Real Estate Questions Asked by: Homebuyers
    1. Adrian, Modesto, CA, Should I buy or rent a home?
    2. Manny, Philadelphia, PA, How do I figure out what kind of home can I afford?
    3. Charlene, St. Petersburg, FL, When should I apply for a mortgage pre-approval?
    4. Arthur, Daytona Beach, FL, How do I look for a home?
    5. Cindy, Atlanta, GA Is it possible to buy a home and sell my current one simultaneously? I’m thinking about calling OfferPad.
    6. Marvin, Knoxville, TN, I am under contract to sell my house. I’ve changed my mind. Can I still back out of the deal? It’s a legal contract. You could be sued for failure to perform. You should offer the buyer money - cover all their costs and then some. They could force you to sell. 
    7. Harold, Jacksonville, FL Do I really need a real estate agent?
    8. Mitch, Ft. Worth, TX, Can I trust my real estate agent?
    9. Jennifer, Memphis, TN How much do I pay a real estate agent?
    10. Austin, Indianapolis, IN I’m thinking about buying my first home. Where do I start?
    11. Harvin, Pittsburgh, PA, Is there a “best“ time of year price-wise to buy a home?
    12. Ernesto, Columbus, GA Can I buy a home with no down payment?
    13. Stan, Dallas, TX, How does mortgage loan insurance work?
    14. LaWanda, Jackson, MS, How much will I need for closing costs?
    15. Maggie, Charlotte, NC, Should I lower the list price, or offer an incentive to realtors to sell my home faster?
    16. Patricia, Birmingham, AL What color of houses sell fastest?
    17. Peter, Villages of Ocala, FL, What should I look for in a lucrative investment property?
    18. Cissie, Blue Ridge, GA, Does a higher credit score mean a better mortgage rate?
    19. Shondra, Mobile, AL, What does the new mortgage stress test mean?

    Home Sellers, Dozens, if not hundreds of people are asking these questions.

    1. How do I prepare my home before I sell it?
    2. When is the best time to sell my home?
    3. How long will it take to sell my home?
    4. How can I figure out how much a home is worth?
    5. Why is my home’s assessed value different than the market value?
    6. Are real estate prices negotiable?
    7. How much of the sale price do I get?
    8. Is paying 6% to sell a home required?
    9. Do discount agents provide the same service as more expensive agents?
    10. What is a home buyer rebate?
    11. Should I sell my home before buying a new one?
    12. What is the first step for buying a home?
    13. Why do I need a mortgage before I buy a house?
    14. Can I back out of buying a house?
    15. How can a real estate agent help me buy or sell a home?



    Motivational Quote: “ Your time is limited, so don’t waste it living someone else’s life. Don’t be trapped by dogma – which is living with the results of other people’s thinking. Don’t let the noise of other’s opinions drown out your own inner voice. And most important, have the courage to follow your heart and intuition. They somehow already know what you truly want to become. Everything else is secondary.” – Steve Jobs, Co-founder, CEO, Chairman Apple Inc.
    1 hr 1 min
  • Flipping America 454 The BIG Q&A Show

    You have questions. I have answers. I know a thing or sixty about real estate and today I will tell you 17 of them. More in Show 456.

    Mindset Moment:

    I was thinking the other day about our perception of life. Dianna and I have a friend who lives in our building (a nice midtown Atlanta high rise), has a great government job with high pay, good job security and great benefits. She might be the unhappiest person we know. There is never enough money. She always expects the worst and usually gets it. In her friendships, her love life, even at her job.

    How do self-fulfilling prophecies work?

    It's not some mystical energy you put out there in the universe. Confirmation bias causes us to identify life examples or circumstances that support our underlying theory. We all have a big need to be able to tell ourselves, "see? I told me so." This will lead us to focus on the data points that support our prior beliefs. This is true if you believe that bad things are happening around you and to you OR if you believe that life is good and good things are happening.

    Your beliefs will color your interpretation of events.

    Do negative things happen to people with a negative outlook? Yes! "See? I told you so."

    Do positive things happen to people with a negative outlook? Yes! "Yeah, well just wait - it will end badly. Things always do."

    Do negative things happen to people with a positive outlook? Yes! "Life has to hand us challenges so we continue to grow and improve. We will get through this."

    Do positive things happen to people with a positive outlook? Yes! "See? I told you it would work out!"

    Pain is a part of life, but suffering is optional. Your outlook will determine your interpretation of events, and THAT will affect your outcomes.

    I want to add that the ability to adopt this positive view of life seems to be connected to hope. And hope is connected to faith. I've noticed in my years on earth that hope and a generally positive outlook is positively correlated with people of faith. I'm not saying that one should choose to believe simply to achieve a better outlook on life. I'm saying that believers in a hopeful afterlife are generally more positive about this one.

    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.

    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

    American IRA: www.americanIRA.com

    Flipping America Buyers Club

    Legal Shield

    Questions The Top Asked Real Estate Investing Questions
    1. Marcus, Frankfort, KY, (and dozens of others) Why should I invest in real estate?
    2. Sara, Long Beach, CA, What kind of real estate investments are best?
    3. Manza, San Antonio, TX How do I find a profitable investment property?
    4. Anthony, Chicago, IL Where will I find the most profitable investment properties?
    5. Tracy, Chattanooga, TN How much initial capital do I need?
    6. Quentin, Moss Creek, SC How will I finance the property?
    7. Andrew, Puget Sound, WA, How long does it normally take to see profit from a flip?
    8. Pradesh, Atlanta, GA What contingency plans can I implement if my exit strategy fails on a flip?"
    9. Lakeisha, Mobile, AL, "Can I begin investing in real estate with no money?"
    10. Shawanda, Conyers, GA, "Is real estate investing easier if I already own property?"
    11. Jonathan, Portland, ME "Do I need a real estate agent when buying a property?"
    12. Tasha, Pittsburgh, PA "Should I invest in out-of-state properties?"
    13. Roselle, Denver, CO and about 200 others, "How can I learn about real estate investing?
    14. Alvin, Pasadena, CA "Do I need a real estate mentor?"
    15. Anthony, Jacksonville, FL "How will I determine the rent to charge for my property?"
    16. Kimberly, Roseberg, OR "How do I find the right tenant for my rental property?"
    17. Jameson, Johns Creek, GA"Should I make any improvements to my investment property before renting it out?"
    18. Sheila, Orlando, FL "Should I hire professional property management?"
    19. Matthew, Forsyth, GA "Do I need a home inspection?"
    20. Jimmy, Stockbridge, GA "Do I need a real estate license as an investor?"
    21. Candice, Stone Mountain, GA "What does After Repair Value mean?"
    22. Freddie, Waukesha, WI, "What marketing campaigns are best for new investors?"
    23. Carmine, Columbus, OH "What are the best tax benefits associated with real estate investing?"
    24. Addison, Milwaukee, WI "How should my real estate company be structured?"
    25. Larry, Harrisburg, PA "How do I choose a name for my real estate company?"
    26. Arden, Greenville, SC "How suitable is my market (Greenville) for investing?
    27. Sal, Leet Township, PA, "How do I determine the value of an investment property?"
    28. Charlene, Port St. Lucie, FL "How much of a down payment and mortgage do I need to get started? How much additional capital will I need in the future?
    29. William, Boulder, CO, "What do I need to know about a potential city where I might invest and how do I get this information?
    30. Cameron, Provo, UT, "I'm a college student and my studies keep me pretty busy. Is there something I could be doing right now to build my future as a real estate investor? I can devote about 4-6 hours a week to this"
    Real Estate Questions Asked by: Homebuyers
    1. Should I buy or rent a home?
    2. What kind of home can I afford?
    3. When should I apply for a mortgage pre-approval?
    4. How do I look for a home?
    5. What are the local amenities and resources in my area?
    6. Is it possible to buy a home and sell my current one simultaneously?
    7. Can I still back out of a deal?
    8. Do I really need a real estate agent?
    9. Can I trust my real estate agent?
    10. How much do I pay a real estate agent?
    11. I'm thinking about buying my first home. Where do I start?
    12. Is there a "best" time of year price-wise to buy a home?
    13. Can I buy a home with no down payment?
    14. How does mortgage loan insurance work?
    15. How much will I need for closing costs?
    16. Should I lower the list price, or offer an incentive to sell my home faster?
    17. What color of houses sell fastest?
    18. What should I look for in a lucrative investment property?
    19. Does a higher credit score mean a better mortgage rate?
    20. What does the new mortgage stress test mean?

    Home Sellers

    1. How do I prepare my home before I sell it?
    2. When is the best time to sell my home?
    3. How long will it take to sell my home?
    4. How can I figure out how much a home is worth?
    5. Why is my home's assessed value different than the market value?
    6. Are real estate prices negotiable?
    7. How much of the sale price do I get?
    8. Is paying 6% to sell a home required?
    9. Do discount agents provide the same service as more expensive agents?
    10. What is a home buyer rebate?
    11. Should I sell my home before buying a new one?
    12. What is the first step for buying a home?
    13. Why do I need a mortgage before I buy a house?
    14. Can I back out of buying a house?
    15. How can a real estate agent help me buy or sell a home?

    Motivational Quote: "To become financially independent you must turn part of your income into capital; turn capital into enterprise; turn enterprise into profit; turn profit into investment; and turn investment into financial independence." –Jim Rohn

    1 hr 1 min
  • Flipping America 454 The BIG Q&A Show

    You have questions. I have answers. I know a thing or sixty about real estate and today I will tell you 17 of them. More in Show 456. 

    Mindset Moment:

    I was thinking the other day about our perception of life. Dianna and I have a friend who lives in our building (a nice midtown Atlanta high rise), has a great government job with high pay, good job security and great benefits. She might be the unhappiest person we know. There is never enough money. She always expects the worst and usually gets it. In her friendships, her love life, even at her job. 

    How do self-fulfilling prophecies work?

    It’s not some mystical energy you put out there in the universe. Confirmation bias causes us to identify life examples or circumstances that support our underlying theory. We all have a big need to be able to tell ourselves, “see? I told me so.”  This will lead us to focus on the data points that support our prior beliefs. This is true if you believe that bad things are happening around you and to you OR if you believe that life is good and good things are happening. 

    Your beliefs will color your interpretation of events. 

    Do negative things happen to people with a negative outlook? Yes! “See? I told you so.”

    Do positive things happen to people with a negative outlook? Yes! “Yeah, well just wait - it will end badly. Things always do.”

    Do negative things happen to people with a positive outlook? Yes! “Life has to hand us challenges so we continue to grow and improve. We will get through this.”

    Do positive things happen to people with a positive outlook? Yes! “See? I told you it would work out!”

    Pain is a part of life, but suffering is optional. Your outlook will determine your interpretation of events, and THAT will affect your outcomes. 

    I want to add that the ability to adopt this positive view of life seems to be connected to hope. And hope is connected to faith. I’ve noticed in my years on earth that hope and a generally positive outlook is positively correlated with people of faith. I’m not saying that one should choose to believe simply to achieve a better outlook on life. I’m saying that believers in a hopeful afterlife are generally more positive about this one. 

    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. 

    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

    American IRA: www.americanIRA.com

    Flipping America Buyers Club

    Legal Shield

    Questions The Top Asked Real Estate Investing Questions
    1. Marcus, Frankfort, KY, (and dozens of others) Why should I invest in real estate?
    2. Sara, Long Beach, CA, What kind of real estate investments are best?
    3. Manza, San Antonio, TX How do I find a profitable investment property?
    4. Anthony, Chicago, IL Where will I find the most profitable investment properties?
    5. Tracy, Chattanooga, TN How much initial capital do I need?
    6. Quentin, Moss Creek, SC How will I finance the property?
    7. Andrew, Puget Sound, WA, How long does it normally take to see profit from a flip?
    8. Pradesh, Atlanta, GA What contingency plans can I implement if my exit strategy fails on a flip?”
    9. Lakeisha, Mobile, AL, “Can I begin investing in real estate with no money?”
    10. Shawanda, Conyers, GA, “Is real estate investing easier if I already own property?”
    11. Jonathan, Portland, ME “Do I need a real estate agent when buying a property?”
    12. Tasha, Pittsburgh, PA “Should I invest in out-of-state properties?”
    13. Roselle, Denver, CO and about 200 others, “How can I learn about real estate investing?
    14. Alvin, Pasadena, CA “Do I need a real estate mentor?”
    15. Anthony, Jacksonville, FL “How will I determine the rent to charge for my property?”
    16. Kimberly, Roseberg, OR “How do I find the right tenant for my rental property?” 
    17. Jameson, Johns Creek, GA“Should I make any improvements to my investment property before renting it out?”
    18. Sheila, Orlando, FL “Should I hire professional property management?”
    19. Matthew, Forsyth, GA “Do I need a home inspection?”
    20. Jimmy, Stockbridge, GA “Do I need a real estate license as an investor?”
    21. Candice, Stone Mountain, GA “What does After Repair Value mean?”
    22. Freddie, Waukesha, WI, “What marketing campaigns are best for new investors?”
    23. Carmine, Columbus, OH “What are the best tax benefits associated with real estate investing?”
    24. Addison, Milwaukee, WI “How should my real estate company be structured?”
    25. Larry, Harrisburg, PA “How do I choose a name for my real estate company?”
    26. Arden, Greenville, SC “How suitable is my market (Greenville) for investing?
    27. Sal, Leet Township, PA, “How do I determine the value of an investment property?”
    28. Charlene, Port St. Lucie, FL “How much of a down payment and mortgage do I need to get started? How much additional capital will I need in the future?
    29. William, Boulder, CO, “What do I need to know about a potential city where I might invest and how do I get this information?
    30. Cameron, Provo, UT, “I’m a college student and my studies keep me pretty busy. Is there something I could be doing right now to build my future as a real estate investor? I can devote about 4-6 hours a week to this”
    Real Estate Questions Asked by: Homebuyers
    1. Should I buy or rent a home?
    2. What kind of home can I afford?
    3. When should I apply for a mortgage pre-approval?
    4. How do I look for a home?
    5. What are the local amenities and resources in my area?
    6. Is it possible to buy a home and sell my current one simultaneously?
    7. Can I still back out of a deal?
    8. Do I really need a real estate agent?
    9. Can I trust my real estate agent?
    10. How much do I pay a real estate agent?
    11. I’m thinking about buying my first home. Where do I start?
    12.  Is there a “best“ time of year price-wise to buy a home?
    13. Can I buy a home with no down payment?
    14.  How does mortgage loan insurance work?
    15. How much will I need for closing costs?
    16. Should I lower the list price, or offer an incentive to sell my home faster?
    17. What color of houses sell fastest?
    18.  What should I look for in a lucrative investment property?
    19.  Does a higher credit score mean a better mortgage rate?
    20.  What does the new mortgage stress test mean?

    Home Sellers

    1. How do I prepare my home before I sell it?
    2. When is the best time to sell my home?
    3. How long will it take to sell my home?
    4. How can I figure out how much a home is worth?
    5. Why is my home’s assessed value different than the market value?
    6. Are real estate prices negotiable?
    7. How much of the sale price do I get?
    8. Is paying 6% to sell a home required?
    9. Do discount agents provide the same service as more expensive agents?
    10. What is a home buyer rebate?
    11. Should I sell my home before buying a new one?
    12. What is the first step for buying a home?
    13. Why do I need a mortgage before I buy a house?
    14. Can I back out of buying a house?
    15. How can a real estate agent help me buy or sell a home?



    Motivational Quote: “To become financially independent you must turn part of your income into capital; turn capital into enterprise; turn enterprise into profit; turn profit into investment; and turn investment into financial independence.” –Jim Rohn

     

    1 hr 1 min
  • Flipping America 453, The Road to Financial Freedom

    For many, financial freedom seems like only a dream. We are trapped in our jobs - an endless cycle of working all day, stretching our paycheck to make ends meet, and hopefully saving a little for a rainy day. Nothing in that picture looks like freedom. Is it possible? Spoiler alert: Yes. and today we will share some of the steps to get there.

    How well do you fit society's mold? Get an education. Get a job. Save for retirement. Retire. Then enjoy a little free time before you die. Really? How about something different? Get trained. Start your income streams. Lifelong learning and growing. Enjoy every day until you die. Freedom. Financial freedom. That sounds better doesn't it?

    Ramon Tookes joins me in a few minutes to talk about this vision and the steps everyone needs to take if they want to get there. You don't have to inherit it (good thing!), you don't have to be the greatest student or athlete. But with the right information and a big pile of determination, you can do this!

    We won't be getting into the details of Ramon's early life and background, but I can assure you of this: few people have overcome more obstacles to success than Ramon Tookes. I might throw in one or two cents worth as well. I was not born into money. Far from it. I grew up in a manufactured home. We couldn't afford Spam so my momma would sometimes buy A&P Square Meat. It was off-brand Spam.

    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.

    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

    American IRA: www.americanIRA.com

    Flipping America Buyers Club

    Legal Shield

    Announcements: News:
    • https://www.attomdata.com/news/market-trends/figuresfriday/top-10-most-populated-u-s-counties-with-foreclosure-starts-on-the-rise/
    Topic: Multi-Family Residences Motivational Quote: Your economic security does not lie in your job; it lies in your own power to produce—to think, to learn, to create, to adapt. That's true financial independence. It's not having wealth; it's having the power to produce wealth." –Stephen Covey

    1 hr 1 min
  • Flipping America 453, The Road to Financial Freedom

    For many, financial freedom seems like only a dream. We are trapped in our jobs - an endless cycle of working all day, stretching our paycheck to make ends meet, and hopefully saving a little for a rainy day. Nothing in that picture looks like freedom. Is it possible? Spoiler alert: Yes. and today we will share some of the steps to get there. 

    How well do you fit society's mold? Get an education. Get a job. Save for retirement. Retire. Then enjoy a little free time before you die. Really? How about something different? Get trained. Start your income streams. Lifelong learning and growing. Enjoy every day until you die. Freedom. Financial freedom. That sounds better doesn't it?

    Ramon Tookes joins me in a few minutes to talk about this vision and the steps everyone needs to take if they want to get there. You don't have to inherit it (good thing!), you don't have to be the greatest student or athlete. But with the right information and a big pile of determination, you can do this!

    We won’t be getting into the details of Ramon’s early life and background, but I can assure you of this: few people have overcome more obstacles to success than Ramon Tookes. I might throw in one or two cents worth as well. I was not born into money. Far from it. I grew up in a manufactured home. We couldn’t afford Spam so my momma would sometimes buy A&P Square Meat. It was off-brand Spam. 

    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. 

    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

    American IRA: www.americanIRA.com

    Flipping America Buyers Club

    Legal Shield

    Announcements: News: 
    • https://www.attomdata.com/news/market-trends/figuresfriday/top-10-most-populated-u-s-counties-with-foreclosure-starts-on-the-rise/
    •  
    Topic: Multi-Family Residences  Motivational Quote: Your economic security does not lie in your job; it lies in your own power to produce—to think, to learn, to create, to adapt. That’s true financial independence. It’s not having wealth; it’s having the power to produce wealth.” –Stephen Covey

     

    1 hr 1 min
  • Flipping America 452, Buy Multi-Family with Rod Khleif

    If your ultimate goal is financial freedom, then your ultimate target is passive income. If passive income is what you seek, multi-family residential investing is what you need. Today we are going to give you a jump start in that direction.

    Rod Khleif is joining us to talk about buying multi-family and how you can get started. Rod is one of the larger multi-family investors in America and trains people how to get involved in this lucrative practice. He's one of the best at what he does. Don't miss this one!

    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.

    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

    American IRA: www.americanIRA.com

    Flipping America Buyers Club

    Legal Shield

    Announcements:
    News:
    • https://www.housingwire.com/articles/experts-optimistic-about-home-sales-in-2021/
    • https://www.attomdata.com/news/market-trends/figuresfriday/top-10-most-populated-u-s-counties-with-foreclosure-starts-on-the-rise/
    • https://www.cnbc.com/2021/02/11/zillow-hopes-to-turn-real-estate-porn-users-during-covid-into-actual-sales.html?&qsearchterm=real%20estate
    • https://www.forbes.com/sites/ellenparis/2021/01/18/the-most-popular-cities-for-millennial-homebuyers-according-to-lendingtree/?ss=real-estate&sh=6fc2641e362e
    • https://www.fool.com/investing/2019/09/17/when-will-zillow-turn-a-profit.aspx

    Topic: Multi-Family Residences Questions Motivational Quote: Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world. – Franklin D. Roosevelt

    1 hr 1 min
  • Flipping America 452, Buy Multi-Family with Rod Khleif

    If your ultimate goal is financial freedom, then your ultimate target is passive income. If passive income is what you seek, multi-family residential investing is what you need. Today we are going to give you a jump start in that direction. 

    Rod Khleif is joining us to talk about buying multi-family and how you can get started. Rod is one of the larger multi-family investors in America and trains people how to get involved in this lucrative practice. He’s one of the best at what he does. Don’t miss this one!

    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. 

    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

    American IRA: www.americanIRA.com

    Flipping America Buyers Club

    Legal Shield

    Announcements:
    •  
    News: 
    • https://www.housingwire.com/articles/experts-optimistic-about-home-sales-in-2021/
    • https://www.attomdata.com/news/market-trends/figuresfriday/top-10-most-populated-u-s-counties-with-foreclosure-starts-on-the-rise/
    • https://www.cnbc.com/2021/02/11/zillow-hopes-to-turn-real-estate-porn-users-during-covid-into-actual-sales.html?&qsearchterm=real%20estate
    • https://www.forbes.com/sites/ellenparis/2021/01/18/the-most-popular-cities-for-millennial-homebuyers-according-to-lendingtree/?ss=real-estate&sh=6fc2641e362e
    • https://www.fool.com/investing/2019/09/17/when-will-zillow-turn-a-profit.aspx 

     

    Topic: Multi-Family Residences  Questions Motivational Quote: Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world. – Franklin D. Roosevelt

     

     

    1 hr 1 min
  • Flipping America 451 Get Stuff Done

    I have a lot going on. Today I'm going to share with you my system for getting everything done.

    Years ago I created my own system and at the encouragement of others, decided to publish, which we have been doing since 2017. I don't say much about this, but my program, called the GMS planner is available for sale on Amazon. It's a life planning system that includes an undated calendar so you can start using it anytime. It's designed to take you through what I've named the GMS process. GMS is simple - stands for Goals, Milestones and Steps.

    I'll get into it more in a few minutes. But first I want to share a couple of headlines with you.

    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.

    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

    American IRA: www.americanIRA.com

    Flipping America Buyers Club

    Legal Shield

    News:
    • https://realestate.usnews.com/real-estate/articles/the-top-housing-markets-in-the-us
    • https://realestate.usnews.com/real-estate/articles/what-you-need-to-know-about-using-virtual-house-tours-to-sell-your-home
    • https://www.housingwire.com/articles/experts-optimistic-about-home-sales-in-2021/
    • https://www.attomdata.com/news/market-trends/figuresfriday/top-10-most-populated-u-s-counties-with-foreclosure-starts-on-the-rise/
    • https://www.cnbc.com/2021/02/11/zillow-hopes-to-turn-real-estate-porn-users-during-covid-into-actual-sales.html?&qsearchterm=real%20estate
    • https://www.forbes.com/sites/ellenparis/2021/01/18/the-most-popular-cities-for-millennial-homebuyers-according-to-lendingtree/?ss=real-estate&sh=6fc2641e362e
    Questions
    Motivational Quote: "He who every morning plans the transactions of that day and follows that plan carries a thread that will guide him through the labyrinth of the most busy life." Victor Hugo

    1 hr 1 min

About Flipping America

From the publisher's feed

We teach you how to make money in real estate. We cover news, trends, styles, markets, demographics, and technology that affect real estate investing. We also talk to market leaders and trend setters. Lastly, there's a bit of how-to information on nearly every show, with topics, Q&A from listeners, and presentations from our guests. Learn how to make and grow a fortune in your spare time or as a new career.