Flipping America

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?”
  
  

You spend your energy building up your business, your real estate holdings, and finally you are set. Except for perhaps one thing. The thing about having money is, there are unscrupulous people out there who spend time trying to figure out how to get their hands on other people's money. If you don't think they will come after you, think again. And then there are things that just happen. That's called "life." You do not want bad news in one of your properties to affect your other properties and businesses, right? Protect yourself. Today we have Brian Bradley coming along to talk to us about how to put together a plan that includes LLCs, holding companies, trusts, and off-shore companies. It can get a little complicated, but it's also something you can understand when your life situation warrants 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.

• The most affordable counties in the US. https://www.attomdata.com/news/market-trends/figuresfriday/top-10-u-s-counties-where-buying-a-home-is-most-affordable/
• Good article talking about home buying and why your primary home shouldn't be considered an investment. It's more like a low or no-interest savings account. https://www.investopedia.com/articles/mortages-real-estate/11/the-truth-about-the-real-estate-market.asp

• Bradley Legal Corp.
• www.btblegal.com
• [email protected]
• 1. What really is asset protection?
• 2. What has changed in the legal system over the decades that has made asset protection so important?
• 3. What are asset protection trusts and what are the pros and cons of setting them up Domestically vs Offshore? And can you actually combine the both together for a "best of both worlds"?
• 4. What are common misconceptions and problems you see people are doing or have?
• 5. With your clients, what are some real world results that you have seen?
• Gross is vanity, net is sanity cash is king.

• Arlene, Villages of Ocala, FL "My husband and I retired and moved here from Milwaukee five years ago. We have 14 rental properties up there. We live off of our pensions and the income from those properties. He passed away a year ago and I don't know what to do. A friend said I should tune in to your show so I did on WAMF 97.7. I hope you can help me. Michael my husband did most of the work concerning the rentals. I don't really know anything about them and don't want to. I get a nice income from them, but I worry about making repairs or hiring a handyman. One tenant is having a problem with their furnace and called me a lot over the past few months. Do you have any suggestions?"
• Luther, Long Beach, CA "I've heard about the 1% rule - even heard you talking about it. It's just not possible here. A decent 3br house costs more than half a mil and rents for about 2500-3000. I can afford to buy one, but I don't think it will make money. What do you recommend?"
• Alyssa, Birmingham, AL "When you buy rental properties, do you stick to your own neighborhood where you know the values or do you branch out to other parts of town where the homes might be cheaper but the neighborhoods sketchier? We live in a part of Birmingham called Homewood and the homes are more expensive here."

You spend your energy building up your business, your real estate holdings, and finally you are set. Except for perhaps one thing. The thing about having money is, there are unscrupulous people out there who spend time trying to figure out how to get their hands on other people’s money. If you don’t think they will come after you, think again. And then there are things that just happen. That’s called “life.” You do not want bad news in one of your properties to affect your other properties and businesses, right? Protect yourself. Today we have Brian Bradley coming along to talk to us about how to put together a plan that includes LLCs, holding companies, trusts, and off-shore companies. It can get a little complicated, but it’s also something you can understand when your life situation warrants 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.

• The most affordable counties in the US. https://www.attomdata.com/news/market-trends/figuresfriday/top-10-u-s-counties-where-buying-a-home-is-most-affordable/
• Good article talking about home buying and why your primary home shouldn’t be considered an investment. It’s more like a low or no-interest savings account. https://www.investopedia.com/articles/mortages-real-estate/11/the-truth-about-the-real-estate-market.asp

• Bradley Legal Corp. 
• www.btblegal.com
• [email protected]
• 1. What really is asset protection? 
• 2. What has changed in the legal system over the decades that has made asset protection so important? 
• 3. What are asset protection trusts and what are the pros and cons of setting them up Domestically vs Offshore? And can you actually combine the both together for a “best of both worlds”? 
• 4. What are common misconceptions and problems you see people are doing or have? 
• 5. With your clients, what are some real world results that you have seen?
• Gross is vanity, net is sanity cash is king.

• Arlene, Villages of Ocala, FL “My husband and I retired and moved here from Milwaukee five years ago. We have 14 rental properties up there. We live off of our pensions and the income from those properties. He passed away a year ago and I don’t know what to do. A friend said I should tune in to your show so I did on WAMF 97.7. I hope you can help me. Michael my husband did most of the work concerning the rentals. I don’t really know anything about them and don’t want to. I get a nice income from them, but I worry about making repairs or hiring a handyman. One tenant is having a problem with their furnace and called me a lot over the past few months. Do you have any suggestions?”
• Luther, Long Beach, CA “I’ve heard about the 1% rule - even heard you talking about it. It’s just not possible here. A decent 3br house costs more than half a mil and rents for about 2500-3000. I can afford to buy one, but I don’t think it will make money. What do you recommend?”
• Alyssa, Birmingham, AL “When you buy rental properties, do you stick to your own neighborhood where you know the values or do you branch out to other parts of town where the homes might be cheaper but the neighborhoods sketchier? We live in a part of Birmingham called Homewood and the homes are more expensive here.”

This time we conclude the call from last time talking about Property Management. When we left off we were sharing some crazy stories about tenants and just about to start talking about crazy owners. We are visiting with Matthew Whitaker from GK Houses and Christopher Ladd from Great Jones, two large property management companies. They are answering my questions and some from the audience on the call and laying the wisdom on 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 (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.

• We saw this coming, but it's coming back. https://www.attomdata.com/news/market-trends/home-sales-prices/home-prices-show-first-signs-of-stalling-amid-pandemic-in-some-areas-of-the-nation/
• Another large credible research firm says home prices will drop this year. I am predicting otherwise. Great data here for all you stats junkies. I conclude differently based on additional data. https://www.noradarealestate.com/blog/housing-market-predictions/

Some questions to get us started:

• Most of us buy our first rental house and attempt to manage it ourselves. What are some of the most important things we need to know if we plan to self-manage?
• What are some of the biggest pitfalls for landlords self-managing?
• If we only have a few rentals and self-manage, do we really need to know all the regulations about fair housing rules and so forth or are we exempt?
• Where can we go to learn the housing rules to make sure we are in compliance?
• What are some ways I can find good tenants for my properties?
• How do I appropriately and legally vet tenant applicants?
• How can I learn whether a prospective tenant has been evicted?
• You can't fully control people - what is the craziest thing you've seen a tenant do (that you are allowed to talk about)
• Where can the average person get a good lease to use?
• What some typical problems tenants have and some ways to prevent them?
• How do you draw the line between normal wear and tear and reason to retain security deposit?
• At what point does it make sense to hire a management company?
• Just in case I have a property in a city where you are not located :) what criteria should i use in selecting a property management company?
• When vetting a management company, what are some red flags?
• What does the rest of this year look like for rental property demand?
• How has managing rentals impacted your view of humanity in general?
• What are your top 3 pointers for landlords or potential landlords?

• Alison, Fort Worth, TX "I'm a married mom, work part-time. My husband is a cop. We are comfortable, but don't have a lot of extra money. We have saved about $30,000 to invest in real estate. We are thinking about those inexpensive houses you talk about. But we wonder it that's the best course of action for us right now."
• Henry, Knoxville, TN "Flip houses or own rentals. Which is best?"
• Sandra, Louisville, KY "What is the best way to determine if a property is a deal? Is there some sort of calculator or program for that?"
• Louisa, Pittsburgh, PA "I'm interested in starting a local Flipping America Chapter. What do I do?"

Motivational Thoughts for the day

This time we conclude the call from last time talking about Property Management. When we left off we were sharing some crazy stories about tenants and just about to start talking about crazy owners. We are visiting with Matthew Whitaker from GK Houses and Christopher Ladd from Great Jones, two large property management companies. They are answering my questions and some from the audience on the call and laying the wisdom on 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 (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.

• We saw this coming, but it’s coming back. https://www.attomdata.com/news/market-trends/home-sales-prices/home-prices-show-first-signs-of-stalling-amid-pandemic-in-some-areas-of-the-nation/
• Another large credible research firm says home prices will drop this year. I am predicting otherwise. Great data here for all you stats junkies. I conclude differently based on additional data.  https://www.noradarealestate.com/blog/housing-market-predictions/ 

Some questions to get us started: 

• Most of us buy our first rental house and attempt to manage it ourselves. What are some of the most important things we need to know if we plan to self-manage?
• What are some of the biggest pitfalls for landlords self-managing?
• If we only have a few rentals and self-manage, do we really need to know all the regulations about fair housing rules and so forth or are we exempt?
• Where can we go to learn the housing rules to make sure we are in compliance?
• What are some ways I can find good tenants for my properties?
• How do I appropriately and legally vet tenant applicants? 
• How can I learn whether a prospective tenant has been evicted?
• You can’t fully control people - what is the craziest thing you’ve seen a tenant do (that you are allowed to talk about)
• Where can the average person get a good lease to use?
• What some typical problems tenants have and some ways to prevent them?
• How do you draw the line between normal wear and tear and reason to retain security deposit?
• At what point does it make sense to hire a management company?
• Just in case I have a property in a city where you are not located :) what criteria should i use in selecting a property management company?
• When vetting a management company, what are some red flags?
• What does the rest of this year look like for rental property demand?
• How has managing rentals impacted your view of humanity in general?
• What are your top 3 pointers for landlords or potential landlords?

• Alison, Fort Worth, TX “I’m a married mom, work part-time. My husband is a cop. We are comfortable, but don’t have a lot of extra money. We have saved about $30,000 to invest in real estate. We are thinking about those inexpensive houses you talk about. But we wonder it that’s the best course of action for us right now.”
• Henry, Knoxville, TN “Flip houses or own rentals. Which is best?”
• Sandra, Louisville, KY “What is the best way to determine if a property is a deal? Is there some sort of calculator or program for that?”
• Louisa, Pittsburgh, PA “I’m interested in starting a local Flipping America Chapter. What do I do?” 

Motivational Thoughts for the day

You buy income properties at least partially for the income. Your property management choices can have a dramatic effect on whether you actually HAVE any income left after expenses. Is this something you can do yourself? Do you need to hire outside management? If so, when?

We will talk about:

Why most people have a bad experience when they rent out a house.

How to recover from that bad experience.

The basics of property management

The rules.

Marketing for tenants

Managing tenants

Getting rid of bad tenants

Creating long-term tenant relationships

Available resources online

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:

• Most of us buy our first rental house and attempt to manage it ourselves. What are some of the most important things we need to know if we plan to self-manage?
• What are some of the biggest pitfalls for landlords self-managing?
• If we only have a few rentals and self-manage, do we really need to know all the regulations about fair housing rules and so forth or are we exempt?
• Where can we go to learn the housing rules to make sure we are in compliance?
• What are some ways I can find good tenants for my properties?
• How do I appropriately and legally vet tenant applicants?
• How can I learn whether a prospective tenant has been evicted?
• You can't fully control people - what is the craziest thing you've seen a tenant do (that you are allowed to talk about)
• Where can the average person get a good lease to use?
• What some typical problems tenants have and some ways to prevent them?
• How do you draw the line between normal wear and tear and reason to retain security deposit?
• At what point does it make sense to hire a management company?
• Just in case I have a property in a city where you are not located :) what criteria should i use in selecting a property management company?
• When vetting a management company, what are some red flags?
• What does the rest of this year look like for rental property demand?
• How has managing rentals impacted your view of humanity in general?
• What are your top 3 pointers for landlords or potential landlords?

You buy income properties at least partially for the income. Your property management choices can have a dramatic effect on whether you actually HAVE any income left after expenses. Is this something you can do yourself? Do you need to hire outside management? If so, when?

We will talk about:

Why most people have a bad experience when they rent out a house.

How to recover from that bad experience.

The basics of property management

The rules.

Marketing for tenants

Managing tenants

Getting rid of bad tenants

Creating long-term tenant relationships

Available resources online

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: 

• Most of us buy our first rental house and attempt to manage it ourselves. What are some of the most important things we need to know if we plan to self-manage?
• What are some of the biggest pitfalls for landlords self-managing?
• If we only have a few rentals and self-manage, do we really need to know all the regulations about fair housing rules and so forth or are we exempt?
• Where can we go to learn the housing rules to make sure we are in compliance?
• What are some ways I can find good tenants for my properties?
• How do I appropriately and legally vet tenant applicants? 
• How can I learn whether a prospective tenant has been evicted?
• You can’t fully control people - what is the craziest thing you’ve seen a tenant do (that you are allowed to talk about)
• Where can the average person get a good lease to use?
• What some typical problems tenants have and some ways to prevent them?
• How do you draw the line between normal wear and tear and reason to retain security deposit?
• At what point does it make sense to hire a management company?
• Just in case I have a property in a city where you are not located :) what criteria should i use in selecting a property management company?
• When vetting a management company, what are some red flags?
• What does the rest of this year look like for rental property demand?
• How has managing rentals impacted your view of humanity in general?
• What are your top 3 pointers for landlords or potential landlords?

Last time we started the conversation with Darlene Coquerel about how to get going as a real estate investor when you have no money at all. If you missed episode 385 you might want to hear that before you listen to this show, which is the conclusion of the call. The topic title is "From Broke to Booming" and we are not merely showing you how to get started with no money, but also how to grow and scale your business, build a "snowball" of success and turn that into an avalanche. Here is the great part - this is within your reach. If you truly want to be a real estate investor you can. If you have nothing right now, it may take a little bit longer, but once you start the train rolling down the tracks, the momentum can carry you for a long time.

Last time we started the conversation with Darlene Coquerel about how to get going as a real estate investor when you have no money at all. If you missed episode 385 you might want to hear that before you listen to this show, which is the conclusion of the call. The topic title is “From Broke to Booming” and we are not merely showing you how to get started with no money, but also how to grow and scale your business, build a “snowball” of success and turn that into an avalanche. Here is the great part - this is within your reach. If you truly want to be a real estate investor you can. If you have nothing right now, it may take a little bit longer, but once you start the train rolling down the tracks, the momentum can carry you for a long time.

More than thirty million Americans are currently unemployed. Many of them do not have several months of cash reserves for emergencies. And many are turning to real estate as an opportunity to help them no longer rely on their employer for all of their income. Some desire to break from the corporate world and become professional real estate investors.

It's tough to do when you're broke.

Real estate takes money. But the great news is, it doesn't have to be YOUR money. There is a river of money flowing from buyers to sellers. Today we are going to teach you how to dip a toe in, and then wade out into that river with your buckets in hand.

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• 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.