Flipping America

We are continuing our conversation today with Mark Dolfini and Glen Glasper on the topic of “Recession Investing.” You have some real wisdom and genuine experience coming your way, but perhaps the strongest moments of any show in recent memory are the closing statements by these two extraordinary gentlemen. 

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 (76437)   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. 

American IRA: www.americanIRA.com

Civic Financial: bit.ly/CivicFinancial

FlipStarter Online! www.flipstarteronline.com

• The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.com.  
• Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think.
• FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities. 
• “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart.

• In the midst of a pandemic, home sales see the largest monthly increase ever recorded! https://www.cnbc.com/2020/07/22/existing-home-sales-surge-nearly-21percent-in-june-the-highest-monthly-gain-on-record.html
• In the meantime, rental growth is at a 10-yr low. https://www.cnbc.com/2020/07/21/coronavirus-pandemic-cuts-rent-growth-to-a-decade-low.html
• One of the coolest nerdy things I’ve seen in quite awhile. The Attom Table of Data Elements. 

We are in a recession. How does this change our behavior or our minds as real estate investors? What should be we watching? Where will the opportunities lie? Should we just move to the sideline until it passes? I'm joined today by two expert investors, Glenn Glasper and Mark Dolfini and we are going to answer these questions and much much more. Take heart - there IS opportunity out there. You just need to know what to look for and where to find it.

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 (76437) 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.

American IRA: www.americanIRA.com

Civic Financial: bit.ly/CivicFinancial

FlipStarter Online! www.flipstarteronline.com

• The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.com.
• Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It's a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think.
• FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities .
• "Real Estate Investing Quick Start" Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart.

Some questions to get us started:

We are in a recession. How does this change our behavior or our minds as real estate investors? What should be we watching? Where will the opportunities lie? Should we just move to the sideline until it passes? I’m joined today by two expert investors, Glenn Glasper and Mark Dolfini and we are going to answer these questions and much much more. Take heart - there IS opportunity out there. You just need to know what to look for and where to find it. 

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 (76437)   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. 

American IRA: www.americanIRA.com

Civic Financial: bit.ly/CivicFinancial

FlipStarter Online! www.flipstarteronline.com

• The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.com.  
• Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think.
• FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities . 
• “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart.

Some questions to get us started: 

This is primarily a real estate show. But we also cover topics related to entrepreneurship, small business, and living a rich full life. One of our recent topics was "Multiple Income Streams." I talked then about creating multiple streams of income from real estate, but today we are expanding that a bit into the buying and selling of businesses. I think what you'll see in the next little while is a remarkable similarity between flipping properties and what is essentially the practice of flipping businesses. I'm joined today by Carl Allen who has made a career of this. And he's going to talk to us about how, when, why, and where to get started. I'm going to be frank with you now - there are occasions on this show when I've finished an interview I call my wife and tell her, "this conversation was life-changing." It doesn't happen often, but today's interview is one of those.

Carl Allen has worked on more than 330 transactions worth close to $48 billion. Over his 30-year career he has analyzed thousands of businesses big and small in 17 different countries across nearly every business sector, including technology, pharmaceuticals, transport and logistics, engineering, manufacturing, aerospace, consumer goods and services, business services, retail, professional services, finance, packaging, and corporate clothing.

Carl first earned his reputation during his 16 years on Wall Street working for Bank of America, Hewlett-Packard, Forrester, and Gartner. There he advised some of the world's largest corporations on investments, mergers, acquisitions, disposals, and restructuring... and helped hundreds of business owners raise both equity and debt financing.

Until he almost missed the birth of his second son…

That's when Carl quit the rat race and began brokering (and eventually buying) businesses for himself. Today he is considered one of the world's premier experts on buying and financing small business acquisitions. He's helping thousands of entrepreneurs all over the world buy existing, profitable small businesses that will immediately put money in their pockets. And best of all — he teaches them how to do this without using a dime of their own capital!

Visit www.dealmakerwealthsociety.com for more product information and Carl's blog, Confessions of a Dealmaker.

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 (76437) 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.

American IRA: www.americanIRA.com

Civic Financial: bit.ly/CivicFinancial

FlipStarter Online! www.flipstarteronline.com

• The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.com.
• Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It's a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think.
• FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities .
• "Real Estate Investing Quick Start" Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart.

• The ONE factor driving home prices up - lack of inventory. https://www.realtor.com/research/june-2020-data/
• I have been predicting a nationally averaged INCREASE of 2.8% in home prices for 2020. Here's where we are at the mid-point. Can I just say I told you so? https://www.redfin.com/us-housing-market

• Zach, Phoenix, AZ, "I'm looking at a couple of offers to re-fi an investment property. One is at 3 points and 8.5% on a 5/1 arm interest only. Payment 1289.17. The other is a 2 year 3pt 11.5% loan interest only. Payment $1,423.13. It seems obvious which is better, but the cheaper loan is loaded up with fees - almost $3000 in extra fees.
• Deborah, Sarasota, FL "I moved here 18 months ago and left my home and my husband's former home in GA as rentals. We thought we were making a smart financial move, but right now, not so sure. We've had trouble with the tenants in both houses and it's a long drive to go to Atlanta for eviction court. Both houses are paid for so the extra money is nice, but we are not sure it's worth the hassle. What suggestions do you have?"
• William, Atlanta, GA "I heard you talking about the returns on the inexpensive houses in the BOR plan and you were talking about 30-40%. When I calculated I came up with 70-80%. I'm going to assume I'm the one that's wrong, but where did I go wrong? House is 9,000, the payment is 500. That comes to 67% in my calculator. Are you underselling?
• Rowena, Pittsburgh, PA, "How do you rehab houses around the country?"
• Antwoin, Long Beach, CA "How do I build a buyers' list?"
• Ellen, Athens TN, "I want to get into this so much. I've seen it on TV, now I've found your show. But I'm in the middle of nowhere. Is this even possible for me?

This is primarily a real estate show. But we also cover topics related to entrepreneurship, small business, and living a rich full life. One of our recent topics was “Multiple Income Streams.” I talked then about creating multiple streams of income from real estate, but today we are expanding that a bit into the buying and selling of businesses. I think what you’ll see in the next little while is a remarkable similarity between flipping properties and what is essentially the practice of flipping businesses. I’m joined today by Carl Allen who has made a career of this. And he’s going to talk to us about how, when, why, and where to get started. I’m going to be frank with you now - there are occasions on this show when I’ve finished an interview I call my wife and tell her, “this conversation was life-changing.” It doesn’t happen often, but today’s interview is one of those. 

Carl Allen has worked on more than 330 transactions worth close to $48 billion. Over his 30-year career he has analyzed thousands of businesses big and small in 17 different countries across nearly every business sector, including technology, pharmaceuticals, transport and logistics, engineering, manufacturing, aerospace, consumer goods and services, business services, retail, professional services, finance, packaging, and corporate clothing.

Carl first earned his reputation during his 16 years on Wall Street working for Bank of America, Hewlett-Packard, Forrester, and Gartner. There he advised some of the world’s largest corporations on investments, mergers, acquisitions, disposals, and restructuring... and helped hundreds of business owners raise both equity and debt financing. 

Until he almost missed the birth of his second son…

That’s when Carl quit the rat race and began brokering (and eventually buying) businesses for himself. Today he is considered one of the world’s premier experts on buying and financing small business acquisitions. He’s helping thousands of entrepreneurs all over the world buy existing, profitable small businesses that will immediately put money in their pockets. And best of all — he teaches them how to do this without using a dime of their own capital! 

Visit www.dealmakerwealthsociety.com for more product information and Carl’s blog, Confessions of a Dealmaker.

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 (76437)   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. 

American IRA: www.americanIRA.com

Civic Financial: bit.ly/CivicFinancial

FlipStarter Online! www.flipstarteronline.com

• The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.com.  
• Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think.
• FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities . 
• “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart.

• The ONE factor driving home prices up - lack of inventory. https://www.realtor.com/research/june-2020-data/
• I have been predicting a nationally averaged INCREASE of 2.8% in home prices for 2020. Here’s where we are at the mid-point. Can I just say I told you so? https://www.redfin.com/us-housing-market

• Zach, Phoenix, AZ, “I’m looking at a couple of offers to re-fi an investment property. One is at 3 points and 8.5% on a 5/1 arm interest only. Payment 1289.17. The other is a 2 year 3pt 11.5% loan interest only. Payment $1,423.13. It seems obvious which is better, but the cheaper loan is loaded up with fees - almost $3000 in extra fees. 
• Deborah, Sarasota, FL “I moved here 18 months ago and left my home and my husband's former home in GA as rentals. We thought we were making a smart financial move, but right now, not so sure. We’ve had trouble with the tenants in both houses and it’s a long drive to go to Atlanta for eviction court. Both houses are paid for so the extra money is nice, but we are not sure it’s worth the hassle. What suggestions do you have?”
• William, Atlanta, GA “I heard you talking about the returns on the inexpensive houses in the BOR plan and you were talking about 30-40%. When I calculated I came up with 70-80%. I’m going to assume I’m the one that’s wrong, but where did I go wrong? House is 9,000, the payment is 500. That comes to 67% in my calculator. Are you underselling?
• Rowena, Pittsburgh, PA, “How do you rehab houses around the country?”
• Antwoin, Long Beach, CA “How do I build a buyers’ list?”
• Ellen, Athens TN, “I want to get into this so much. I’ve seen it on TV, now I’ve found your show. But I'm in the middle of nowhere. Is this even possible for me?
   

Today we are going to conclude our conversation with Darlene Coquerel regarding foreclosures. The past two episodes have been great and there is no let down today. Then in the last segment I'm going to provide a condensed version of a new video we are working on called "How To Think." Yes, we will be engaging in a little meta-cognition later on but don't worry - it won't hurt. In fact, I firmly believe it will help. We say "I'll think about it" but then what do we do? Do you have any other tools in your thinking tool box besides a pros and cons list? You definitely want to hear this segment because I don't believe your intelligence is fixed. I don't believe your capacity to learn is set in stone. Even if you struggled in school I believe you can improve your thinking ability with some knowledge and practice. Thinking is a skill and must be informed, developed, practiced, and applied. Today I'm going to give you a preview about how to do this.

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 (76437) 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.

American IRA: www.americanIRA.com

Civic Financial: bit.ly/CivicFinancial

FlipStarter Online! www.flipstarteronline.com

• The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.com.
• Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It's a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think.
• FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities .
• "Real Estate Investing Quick Start" Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart.

• Interest rates dipped slightly and are still at an all time low. The average 30 year fixed now under 3%
• The best places to live in the US. https://realestate.usnews.com/places/rankings/best-places-to-retire

Today we are going to conclude our conversation with Darlene Coquerel regarding foreclosures.  The past two episodes have been great and there is no let down today. Then in the last segment I’m going to provide a condensed version of a new video we are working on called “How To Think.” Yes, we will be engaging in a little meta-cognition later on but don’t worry - it won’t hurt. In fact, I firmly believe it will help. We say “I’ll think about it” but then what do we do? Do you have any other tools in your thinking tool box besides a pros and cons list? You definitely want to hear this segment because I don’t believe your intelligence is fixed. I don’t believe your capacity to learn is set in stone. Even if you struggled in school I believe you can improve your thinking ability with some knowledge and practice. Thinking is a skill and must be informed, developed, practiced, and applied. Today I’m going to give you a preview about how to do this. 

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 (76437)   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. 

American IRA: www.americanIRA.com

Civic Financial: bit.ly/CivicFinancial

FlipStarter Online! www.flipstarteronline.com

• The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.com.  
• Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think.
• FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities . 
• “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart.

• Interest rates dipped slightly and are still at an all time low. The average 30 year fixed now under 3%
• The best places to live in the US. https://realestate.usnews.com/places/rankings/best-places-to-retire

We continue our call with Darlene Coquerel, the Queen of Foreclosures, and take questions from the live audience. If you would like to be a part of the live audience, either in person or online, be sure to visit www.flippingamericareia.com to learn the topics for the upcoming meetings and register to be on the call. The calls are recorded a bit in advance of their release as a show and podcast, but the news and questions are always coming from what's in the in box on the day we put the rest of the show together.

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 (76437) 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.

American IRA: www.americanIRA.com

Civic Financial: bit.ly/CivicFinancial

FlipStarter Online! www.flipstarteronline.com

• The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.com.
• Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It's a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think.
• FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities .
• "Real Estate Investing Quick Start" Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart.

• These ZIP codes had the highest gross profits for home flippers in Q1 2020. https://www.attomdata.com/news/market-trends/figuresfriday/top-10-u-s-zip-codes-with-highest-home-flipping-profits-in-q1-2020/

• Foreclosure information for all 50 states. https://www.nolo.com/legal-encyclopedia/50-state-chart-key-aspects-state-foreclosure-law.html
• Information about foreclosure laws. https://www.hg.org/foreclosure.html
• Nearly 8% of all mortgages are in forbearance. https://www.cnbc.com/2020/07/10/coronavirus-mortgage-bailout-sees-biggest-one-week-decline-yet.html
• How we can avoid repeating 2008. https://hbr.org/2020/07/how-banks-can-avoid-a-repeat-of-the-2008-foreclosure-crisis

Send questions to [email protected], or leave message at rogerblankenship.com, or call 877-55 ROGER (76437) ext 1.

• Petra, Pittsburgh, PA "Doesn't it seem like we are preying on the misfortunes of others to buy foreclosures?"
• Quinton, Milwaukee, WI "If I buy an REO is that the same as buying a foreclosure?
• Roberta, Las Vegas, NV "When I start searching for foreclosures, several websites come up in the results. I know they are ads, but I don't know who I can trust. Do you have a list of trustworthy sources for buying foreclosures?"

We continue our call with Darlene Coquerel, the Queen of Foreclosures, and take questions from the live audience. If you would like to be a part of the live audience, either in person or online, be sure to visit www.flippingamericareia.com to learn the topics for the upcoming meetings and register to be on the call. The calls are recorded a bit in advance of their release as a show and podcast, but the news and questions are always coming from what’s in the in box on the day we put the rest of the show together. 

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 (76437)   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. 

American IRA: www.americanIRA.com

Civic Financial: bit.ly/CivicFinancial

FlipStarter Online! www.flipstarteronline.com

• The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.com.  
• Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think.
• FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities . 
• “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart.

• These ZIP codes had the highest gross profits for home flippers in Q1 2020. https://www.attomdata.com/news/market-trends/figuresfriday/top-10-u-s-zip-codes-with-highest-home-flipping-profits-in-q1-2020/

• Foreclosure information for all 50 states. https://www.nolo.com/legal-encyclopedia/50-state-chart-key-aspects-state-foreclosure-law.html
• Information about foreclosure laws. https://www.hg.org/foreclosure.html
• Nearly 8% of all mortgages are in forbearance. https://www.cnbc.com/2020/07/10/coronavirus-mortgage-bailout-sees-biggest-one-week-decline-yet.html
• How we can avoid repeating 2008. https://hbr.org/2020/07/how-banks-can-avoid-a-repeat-of-the-2008-foreclosure-crisis

Send questions to [email protected], or leave message at rogerblankenship.com, or call 877-55 ROGER (76437)  ext 1.

• Petra, Pittsburgh, PA “Doesn’t it seem like we are preying on the misfortunes of others to buy foreclosures?”
• Quinton, Milwaukee, WI “If I buy an REO is that the same as buying a foreclosure? 
• Roberta, Las Vegas, NV “When  I start searching for foreclosures, several websites come up in the results. I know they are ads, but I don’t know who I can trust. Do you have a list of trustworthy sources for buying foreclosures?”
  
  

Some are saying that we are facing another housing crisis and the first sign of it will be exploding defaults and foreclosures after the bans are lifted. I DO agree there will be at least a bump in defaults and foreclosures. Why? Because some of the business that shut down will remain shut and there is a percentage of people out there who will not be able to find equivalent employment. This is going to create an opportunity for those who know how to put deals together, solve borrower problems, and/or those who have the cash to bid at the courthouse steps.

So I went out and got the Queen of Foreclosures, Darlene Coquerel, to join us for a call with the Flipping America REIA. It has been one of the most popular calls we've ever done and the content is going to take a couple of episodes to share with you, perhaps more. I've bought quite a few foreclosures myself - over 700 - but Darlene once bought that many in a single day. Between the two of us we know a thing or two about the process. And we are going to get that to you in just a moment.

Music intro

I don't quite believe our housing market will be wrecked and here are my reasons why:

1. Most of the forbearance agreements are allowing the forgiven amounts to be added to the end of the loans and therefore when prior employment returns, ability to repay returns in like manner.
2. We started this pandemic with a critical housing shortage. New home construction has declined, thus exacerbating the situation.
3. Interest rates are at an all time low.
4. Increased demand and low interest rates may keep price pressure upward.
5. There may be a bump in the number of foreclosures but this will be offset by the factors I just mentioned.

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 (76437) 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.

American IRA: www.americanIRA.com

Civic Financial: bit.ly/CivicFinancial

FlipStarter Online! www.flipstarteronline.com

• The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.com.
• Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It's a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think.
• FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities .
• "Real Estate Investing Quick Start" Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart.

• These ZIP codes had the highest gross profits for home flippers in Q1 2020. https://www.attomdata.com/news/market-trends/figuresfriday/top-10-u-s-zip-codes-with-highest-home-flipping-profits-in-q1-2020/

• Foreclosure information for all 50 states. https://www.nolo.com/legal-encyclopedia/50-state-chart-key-aspects-state-foreclosure-law.html
• Information about foreclosure laws. https://www.hg.org/foreclosure.html
• Nearly 8% of all mortgages are in forbearance. https://www.cnbc.com/2020/07/10/coronavirus-mortgage-bailout-sees-biggest-one-week-decline-yet.html
• How we can avoid repeating 2008. https://hbr.org/2020/07/how-banks-can-avoid-a-repeat-of-the-2008-foreclosure-crisis

Send questions to [email protected], or leave message at rogerblankenship.com, or call 877-55 ROGER (76437) ext 1.

• Melvin, Port St. Lucie, FL "How much money should I take to the courthouse to bid on a foreclosure?"
• Petra, Pittsburgh, PA "Doesn't it seem like we are preying on the misfortunes of others to buy foreclosures?"