Flipping America

I believe every meeting we hold and every call we conduct provides great information that you need and want. We almost always, in my humble opinion, we hit that mark. I take pride in the fact that this show is carefully researched, thoughtfully constructed, and reasonably presented to add incredible value to the life of anyone interested in real estate investing. But occasionally we move the needle from really good to amazing. And that’s what happened on a recent call with Ramon Tookes and John Durham. The topic was “Some Like it Hot”. The conversation was informative, inspirational, entertaining, and long. The call went on for a record two hours - the longest in the brief history of the Flipping America REIA. There’s so much content here I think it will fill most of the next three episodes of Flipping America. Brace yourselves America, we are going to hear a quick message from our sponsor Civic Financial and then it’s on to the call. 

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.

Send your questions to [email protected]

We continue today the conversation we started last time with Mark Dolfini and Tom Zeeb. We are talking about the recovery after the coronavirus shutdowns end and where we think real estate will be. Mark is a buy and hold investor in Indianapolis and Tom is a wholesaler in Washington DC. It's tough to predict outcomes from something unprecedented like this, but we are going to try anyway.

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.

• Further evidence that we are NOT going to see a spike in foreclosures. https://www.housingwire.com/articles/fannie-mae-freddie-mac-borrowers-in-forbearance-can-defer-all-missed-payments-until-the-end-of-their-loan/?utm_source=hs_email&utm_medium=email&utm_content=87898438&_hsenc=p2ANqtz--TOyf49q9tKoSRwCQZhMjj8FrtTlEy1a1l29czCyewXxduD53BdaAcgjom3a15E4Oa1liBWTxCLZRzdD4XXZ5LTujqNx28dRCXynXQS9Do2798-fY&_hsmi=87898438

Send your questions to [email protected]

We continue today the conversation we started last time with Mark Dolfini and Tom Zeeb. We are talking about the recovery after the coronavirus shutdowns end and where we think real estate will be. Mark is a buy and hold investor in Indianapolis and Tom is a wholesaler in Washington DC. It’s tough to predict outcomes from something unprecedented like this, but we are going to try anyway.  

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.

• Further evidence that we are NOT going to see a spike in foreclosures. https://www.housingwire.com/articles/fannie-mae-freddie-mac-borrowers-in-forbearance-can-defer-all-missed-payments-until-the-end-of-their-loan/?utm_source=hs_email&utm_medium=email&utm_content=87898438&_hsenc=p2ANqtz--TOyf49q9tKoSRwCQZhMjj8FrtTlEy1a1l29czCyewXxduD53BdaAcgjom3a15E4Oa1liBWTxCLZRzdD4XXZ5LTujqNx28dRCXynXQS9Do2798-fY&_hsmi=87898438

Send your questions to [email protected]

The economy can't stay closed forever. And when it reopens it might not open all at once everywhere. Many experts now are beginning to believe that real estate will lead a resurgence that could impact the entire economy. What shape will it take? We are joined today by my good friends Tom Zeeb and Mark Dolfini. These are high volume investors from Washington DC and Indianapolis respectively and they will weigh in on this important topic.

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.

• Further evidence that we are NOT going to see a spike in foreclosures. https://www.housingwire.com/articles/fannie-mae-freddie-mac-borrowers-in-forbearance-can-defer-all-missed-payments-until-the-end-of-their-loan/?utm_source=hs_email&utm_medium=email&utm_content=87898438&_hsenc=p2ANqtz--TOyf49q9tKoSRwCQZhMjj8FrtTlEy1a1l29czCyewXxduD53BdaAcgjom3a15E4Oa1liBWTxCLZRzdD4XXZ5LTujqNx28dRCXynXQS9Do2798-fY&_hsmi=87898438

Send your questions to [email protected]

The economy can’t stay closed forever. And when it reopens it might not open all at once everywhere. Many experts now are beginning to believe that real estate will lead a resurgence that could impact the entire economy. What shape will it take? We are joined today by my good friends Tom Zeeb and Mark Dolfini. These are high volume investors from Washington DC and Indianapolis respectively and they will weigh in on this important topic. 

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.

• Further evidence that we are NOT going to see a spike in foreclosures. https://www.housingwire.com/articles/fannie-mae-freddie-mac-borrowers-in-forbearance-can-defer-all-missed-payments-until-the-end-of-their-loan/?utm_source=hs_email&utm_medium=email&utm_content=87898438&_hsenc=p2ANqtz--TOyf49q9tKoSRwCQZhMjj8FrtTlEy1a1l29czCyewXxduD53BdaAcgjom3a15E4Oa1liBWTxCLZRzdD4XXZ5LTujqNx28dRCXynXQS9Do2798-fY&_hsmi=87898438

Send your questions to [email protected]

We sometimes take technology for granted in our world. I'm not going to turn this into your daddy's talk about how he had to walk to school every day 5 miles, uphill each way in rain or snow. But I will tell you that when I started in this business TVs were not flat and phones didn't take pictures or send emails. Yes things have come a long way and this is not just to tell you that I'm old or I've been at this a long time. Both of those are true, but the point is, technological advances make it easier for us to do our jobs as real estate investors. I hope i don't get to the point (as I know some of my friends have) where I say "I just don't want to learn another new technology." That statement ultimately deprives us of conveniences and advances. Besides, one way to fight dementia is to keep learning and keep the brain active. So there.

Today we are joined by technology whiz Nick Baldo. Nick started young - just out of college in his hometown of Buffalo, NY and hit the ground running with today's tech. In time he realized that not everyone made the best use of the technology and seeing a need, he created a niche and another income stream. This my friends is how you do it. Add related businesses and generate income. But this isn't the Multiple Income Streams show - this is the Real Estate Technology show, so we will get to that in just a few minutes.

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 shut-downs continue across the country blamed on the corona virus, but now I see an element of politics being injected into the process. Please be a part of what makes this country great. Be a risk-taker. Get out there - do your business. After the initial sheltering worked to keep our hospitals from being overwhelmed, we should assume the mantle of courageous Americans that has forged our incredible history and get this country back to work. Let's continue to protect the medically fragile, but let us never give in to fear or to the taking away of our freedoms because of someone else's fear. Ultimately, there is a good chance we will all contract the virus. There's also a good chance you already have and had no symptoms. Did you know this will be the case with 99% of people who contract the virus? 1% of those people exposed will show some type of significant health problem and of that 1%, 10% will die. It is tragic when anyone's life is cut short. But it happens tens of thousands of times every single day. You have more risk going anywhere in a car. Since when did our great country become a people who cower in fear? Since when did our people let industries fail and the economy crash because they are too afraid to get sick? The odds of dying are still 100% and if that scares you to think about, I invite you to think about it hard. You and I are going to die someday - maybe soon - maybe a long time from now. It is a blessing that we do not know exactly when. But it also behooves us to prepare now for that one undeniable certainty that comes with this life. Get ready. Now - that's the worst that can happen. The next worst is to starve and suffer a slow death because you were too frightened to provide for yourself. "Ah but the government has money," you say. "And the government will help me." you say. The government has run out of our money. The first stimulus package borrowed from our children and grandchildren. The next one will be borrowing from our great grandchildren. We may dig a debt hole so deep we can never as a nation escape. What will happen then? The government will ultimately have to break some of its promises. We are not in danger of becoming another Greece or Venezuela in the next year or so, but why engage in behavior that leads down that path? Let's just stop. Face our fears, get back to work, maybe we get sick, maybe we die. But let's live while we live in joy and purpose not cowering in our homes in fear.

Send your questions to [email protected]

• Rodel, Atlanta, GA "Do you know a hard money lender that will let the homeowner carry a second mortgage?"
• Anthony, Macon, GA "How do you find comp values?"
• Suzanne, Lakeland, FL "What do I need in order to start a Flipping America REIA group here?"
• Margaret, Maryville, TN "There is already a group called Flipping Knoxville that is a part of your REIA. It's too far for me to drive for a meeting. Could I start a group here in Maryville?
• Daniel, Atlanta, GA "What are the territory rules for the Flipping America REIA? I want to start a group, but I bet you already have a group in Atlanta."

We sometimes take technology for granted in our world. I’m not going to turn this into your daddy’s talk about how he had to walk to school every day 5 miles, uphill each way in rain or snow. But I will tell you that when I started in this business TVs were not flat and phones didn’t take pictures or send emails. Yes things have come a long way and this is not just to tell you that I’m old or I’ve been at this a long time. Both of those are true, but the point is, technological advances make it easier for us to do our jobs as real estate investors. I hope i don’t get to the point (as I know some of my friends have) where I say “I just don’t want to learn another new technology.” That statement ultimately deprives us of conveniences and advances. Besides, one way to fight dementia is to keep learning and keep the brain active. So there. 

Today we are joined by technology whiz Nick Baldo. Nick started young - just out of college in his hometown of Buffalo, NY and hit the ground running with today’s tech. In time he realized that not everyone made the best use of the technology and seeing a need, he created a niche and another income stream. This my friends is how you do it. Add related businesses and generate income. But this isn’t the Multiple Income Streams show - this is the Real Estate Technology show, so we will get to that in just a few minutes. 

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 shut-downs continue across the country blamed on the corona virus, but now I see an element of politics being injected into the process. Please be a part of what makes this country great. Be a risk-taker. Get out there - do your business. After the initial sheltering worked to keep our hospitals from being overwhelmed, we should assume the mantle of courageous Americans that has forged our incredible history and get this country back to work. Let’s continue to protect the medically fragile, but let us never give in to fear or to the taking away of our freedoms because of someone else’s fear. Ultimately, there is a good chance we will all contract the virus. There’s also a good chance you already have and had no symptoms. Did you know this will be the case with 99% of people who contract the virus? 1% of those people exposed will show some type of significant health problem and of that 1%, 10% will die. It is tragic when anyone’s life is cut short. But it happens tens of thousands of times every single day. You have more risk going anywhere in a car. Since when did our great country become a people who cower in fear? Since when did our people let industries fail and the economy crash because they are too afraid to get sick? The odds of dying are still 100% and if that scares you to think about, I invite you to think about it hard. You and I are going to die someday - maybe soon - maybe a long time from now. It is a blessing that we do not know exactly when. But it also behooves us to prepare now for that one undeniable certainty that comes with this life. Get ready. Now - that’s the worst that can happen. The next worst is to starve and suffer a slow death because you were too frightened to provide for yourself. “Ah but the government has money,” you say. “And the government will help me.” you say. The government has run out of our money. The first stimulus package borrowed from our children and grandchildren. The next one will be borrowing from our great grandchildren. We may dig a debt hole so deep we can never as a nation escape. What will happen then? The government will ultimately have to break some of its promises. We are not in danger of becoming another Greece or Venezuela in the next year or so, but why engage in behavior that leads down that path? Let’s just stop. Face our fears, get back to work, maybe we get sick, maybe we die. But let’s live while we live in joy and purpose not cowering in our homes in fear. 

Send your questions to [email protected]

• Rodel, Atlanta, GA “Do you know a hard money lender that will let the homeowner carry a second mortgage?”
• Anthony, Macon, GA “How do you find comp values?”
• Suzanne, Lakeland, FL “What do I need in order to start a Flipping America REIA group here?”
• Margaret, Maryville, TN “There is already a group called Flipping Knoxville that is a part of your REIA. It’s too far for me to drive for a meeting. Could I start a group here in Maryville?
• Daniel, Atlanta, GA “What are the territory rules for the Flipping America REIA? I want to start a group, but I bet you already have a group in Atlanta.” 

We continue the conversation today about whether it is time to buy, to sell, to hold, or what to do. My guests are Gordon Catts and Chris Larsen. This is the second and concluding portion of the conversation. If you missed the first part, be sure to download Show number 364 and give it a listen when you can.

Later on I'm going to reveal the top six months for home sales in the United States. If we have time we have a few questions from the audience to deal with as well.

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 six BEST months to sell a home https://magazine.realtor/daily-news/2020/05/06/study-reveals-the-best-months-to-sell-a-home (hint: Feb-July, but not in that order)
• This is one reason I don't think we will see a huge jump in foreclosures later this year. https://magazine.realtor/daily-news/2020/05/06/as-forbearance-confusion-persists-help-set-owners-straight

Send your questions to [email protected]

• Carol, "I signed up to be on one of the recent calls, but was unable to attend. Is there a replay or an ability to view the video?"
• Marilyn, Jacksonville, FL, Jim, Atlanta, GA, Maureen, Peg, Dick, Andrew, Melanie, Frank, Jeff, and another Jeff, "What do you see happening with residential prices the rest of 2020?"

We continue the conversation today about whether it is time to buy, to sell, to hold, or what to do. My guests are Gordon Catts and Chris Larsen. This is the second and concluding portion of the conversation. If you missed the first part, be sure to download Show number 364 and give it a listen when you can. 

Later on I’m going to reveal the top six months for home sales in the United States. If we have time we have a few questions from the audience to deal with as well. 

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 six BEST months to sell a home https://magazine.realtor/daily-news/2020/05/06/study-reveals-the-best-months-to-sell-a-home (hint: Feb-July, but not in that order)
• This is one reason I don’t think we will see a huge jump in foreclosures later this year. https://magazine.realtor/daily-news/2020/05/06/as-forbearance-confusion-persists-help-set-owners-straight

Send your questions to [email protected]

• Carol, “I signed up to be on one of the recent calls, but was unable to attend. Is there a replay or an ability to view the video?”
• Marilyn, Jacksonville, FL, Jim, Atlanta, GA, Maureen, Peg, Dick, Andrew, Melanie, Frank, Jeff, and another Jeff,  “What do you see happening with residential prices the rest of 2020?”

The Pandemic of 2020 rages on. And raging perhaps louder than the disease itself is the on-going debate about when and how the economy should open. Protesters are out in multiple metropolitan areas, jobless claims went up another 3 million last week - nearly 35 million now unemployed. Yet the Governor of California this morning announced that the state will remain locked down until there is a vaccine. How about that for a ransom note? Did you know that the vast majority of viruses in existence have no vaccine. A successful vaccine for any virus is the exception rather than the rule. They still don't have a vaccine for HIV, the virus that causes AIDS. They don't really have a vaccine for the flu. They give you a flu shot which is somewhat effective in protecting you from the flu that was prevalent last year in Asia. If it were an effective vaccine, you wouldn't need another one every year. Yes I know it mutates, but that's the problem. Virus vaccines are remarkably difficult. I'm not saying they won't develop one for COVID-19, but I think it may not be wise to hold forty million people hostage until they do.

Those of us that look at the markets, attempting to read the signs, predict and prepare for the future have a difficult job right now as well. We have never seen anything like this. So what should we be doing with our real estate? It's a strange and unpredictable time in the market. Should we buy? Should we Sell? What should we buy? What should we sell? Perhaps we should sit tight? What are the experts saying? You can learn a lot by getting inside the mind of an experienced investor -- someone who has seen the market come and go and knows how to respond. Today we begin a two-part show with two prolific investors on a panel to talk about this. Gordon Catts has been an investor since 1970. He has seen just about everything there is to see in real estate and lived to tell the tale. He's bought just about every type of asset imaginable and he's working on a deal right now that will be amazing, but I'm under a non-disclosure agreement, so we will just have to tell you all about it when he wraps it up. It's big. He is my friend, my mentor, and my go-to guy for perspective on real estate. Chris Larsen is a new friend, recently on this show and the author of the book, "Next-Level Income." His grasp of analysis is keen and his attention to detail is rare. I read his book and was deeply impressed with his grasp of the small details and their impact on the big picture. They joined me recently for a panel discussion for the Flipping America REIA, a national REIA with a local focus. After launching in January we now have twelve local chapters, mostly across the southeast, but if you're interested in leading one, let's talk! Go to bit.ly/talktoroger to schedule an appointment.

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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.

• Wells Fargo and Chase have shut down HELOCs. https://www.housingwire.com/articles/wells-fargo-joins-chase-in-halting-helocs/?utm_medium=email&_hsmi=87301868&_hsenc=p2ANqtz-8ieyJjGGEgtd-kV-KpAGEzrABLcg5YNhA4QUqyFMATa5yWy_ctq2pkxUD4vqU_8EMvAW9-&utm_content=87301868&utm_source=hs_email
• Kylie Jenner pays $15M for an empty lot. https://www.realtor.com/news/celebrity-real-estate/kylie-jenner-pays-15m-for-empty-lot-hidden-hills/
• Redfin and Offerpad are back to ibuying and zillow will be soon. OpenDoor next week. https://www.housingwire.com/articles/redfinnow-resumes-ibuying-and-zillow-offers-isnt-far-behind/
• Speaking of Zillow, they have predicted a dip in home prices in 2020. I'm seeing it the other way. I think we will have a slight rise in prices - around 2% for 2020 as there is still a pent-up demand and a shortage of inventory.
• Evidence of pent-up demand: https://magazine.realtor/daily-news/2020/05/06/cooped-up-unhappy-young-professionals-target-new-homes
• Expect a surge in listings wherever pandemic restrictions are lifted. https://magazine.realtor/daily-news/2020/05/07/homeowners-are-preparing-to-list-after-the-pandemic
• The six BEST months to sell a home https://magazine.realtor/daily-news/2020/05/06/study-reveals-the-best-months-to-sell-a-home (hint: Feb-July, but not in that order)

Send your questions to [email protected]

• Toya, Atlanta, GA "With a subject-to can you do what you want with the property sell, rent, etc."
• Armond, Macon, GA "I've heard from some long-time brokers that most banks are wise to the veil of a land trust when doing sub-to, and it's simpler to just disclose the transfer of ownership to the lender upfront when changing/starting the home insurance policy. What do you guys think?
• Anthony, Atlanta, GA "When someone is on a ~30 day foreclosure timeline and has a 2nd lien that you want to short, is it generally feasible to get the short sale done in that short time frame? Normal short sales take months usually if I'm not mistaken. ."
• Cameron, Pittsburgh, PA, "How are you showing your properties right now?"
• Faith, Tampa, FL, "We have a flip in a hot area where young adults buy. My husband and I have been arguing about the exterior. The house is a beige stucco. I wanted to paint it a playful Florida color, but he overruled me. Now he's saying the front door is going to be black because it's basic and neutral. I'm begging you to convince him to let me put a pop of color in there."