Flipping America

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. 

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.

• 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.”

We talk all the time here on Flipping America about getting a hard money loan. It could be that you're listening and are vaguely familiar with the idea, but it gets kind of complicated quickly when you start talking about all of the variables. Interest rate, term, points, loan-to-value, purchase money, rehab money, percentages of this or that. On today's episode I'm speaking with Nate Wolosiewicz who runs the Atlanta office for Civic Financial. Together we are going to look at a project and run the actual numbers. We will break down for you the costs, the features, and the benefits of funding your projects this way. And you are going to be amazed at the return - even with the relatively high cost of capital and the relatively large amount of cash it will require from you. The benefits still FAR outweigh the drawbacks.

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.

• Who is Mr. Cooper and why do I feel like I know him? https://www.housingwire.com/articles/mr-cooper-has-nearly-200000-customers-in-forbearance-but-the-nonbank-isnt-worried-about-liquidity-anymore/?utm_medium=email&_hsmi=87256294&_hsenc=p2ANqtz-_234zREUTydEUuADdvjX3wyMVCqMH2mX0VwKQbz1PW-bPGv1XUZcMkb5GTZjIwbl7vbYKs&utm_content=87256294&utm_source=hs_email (spoiler: formerly known as NationStar Mortgage)
• Jobless claims topped 30 million this week.
• This will help with lender liquidity. https://www.housingwire.com/articles/fannie-mae-freddie-mac-will-begin-buying-some-mortgages-that-are-in-forbearance/?utm_campaign=Newsletter%20-%20HousingWire%20Breaking%20Alerts&utm_source=hs_email&utm_medium=email&utm_content=86695889&_hsenc=p2ANqtz-_l-0bZG7tuXENLe_8VF1G8PprqbmnkJ6cekvjN7JRI9zgp5__ptls5ENymHwEMopYCj9JpIvOt5CbyeI4uQvlDZpDqvpFUT9hWdNYXIb5UzMjtHK4&_hsmi=86695889

Send your questions to [email protected]

• Francis, Jacksonville, FL "Would you put a new roof on a house when the current one looks a little shabby but doesn't leak and has 10 years left on it's rating? It's asphalt shingles. The bad appearance is caused by tree sap, so I've been told. Could we just power wash it instead?"
• Lily, Villages of Ocala, FL "Our rental income has slowed to a trickle. We don't need this money to survive but we do need it in order to enjoy life a little. What will happen coming out of this?"
• Carmen, Tampa, FL "If you were young, broke, and wanting to get into this business right now, what would you do?"
• Austin, Las Vegas, "I do ok wholesaling houses, but I feel like I'm not progressing. I work my butt off and I can't stop because then I won't have any income. What am I doing wrong?"

We talk all the time here on Flipping America about getting a hard money loan. It could be that you’re listening and are vaguely familiar with the idea, but it gets kind of complicated quickly when you start talking about all of the variables. Interest rate, term, points, loan-to-value, purchase money, rehab money, percentages of this or that. On today’s episode I’m speaking with Nate Wolosiewicz who runs the Atlanta office for Civic Financial. Together we are going to look at a project and run the actual numbers. We will break down for you the costs, the features, and the benefits of funding your projects this way. And you are going to be amazed at the return - even with the relatively high cost of capital and the relatively large amount of cash it will require from you. The benefits still FAR outweigh the drawbacks. 

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.

• Who is Mr. Cooper and why do I feel like I know him? https://www.housingwire.com/articles/mr-cooper-has-nearly-200000-customers-in-forbearance-but-the-nonbank-isnt-worried-about-liquidity-anymore/?utm_medium=email&_hsmi=87256294&_hsenc=p2ANqtz-_234zREUTydEUuADdvjX3wyMVCqMH2mX0VwKQbz1PW-bPGv1XUZcMkb5GTZjIwbl7vbYKs&utm_content=87256294&utm_source=hs_email (spoiler: formerly known as NationStar Mortgage)
• Jobless claims topped 30 million this week. 
• This will help with lender liquidity. https://www.housingwire.com/articles/fannie-mae-freddie-mac-will-begin-buying-some-mortgages-that-are-in-forbearance/?utm_campaign=Newsletter%20-%20HousingWire%20Breaking%20Alerts&utm_source=hs_email&utm_medium=email&utm_content=86695889&_hsenc=p2ANqtz-_l-0bZG7tuXENLe_8VF1G8PprqbmnkJ6cekvjN7JRI9zgp5__ptls5ENymHwEMopYCj9JpIvOt5CbyeI4uQvlDZpDqvpFUT9hWdNYXIb5UzMjtHK4&_hsmi=86695889

Send your questions to [email protected]

• Francis, Jacksonville, FL “Would you put a new roof on a house when the current one looks a little shabby but doesn’t leak and has 10 years left on it’s rating? It’s asphalt shingles. The bad appearance is caused by tree sap, so I’ve been told. Could we just power wash it instead?” 
• Lily, Villages of Ocala, FL “Our rental income has slowed to a trickle. We don’t need this money to survive but we do need it in order to enjoy life a little. What will happen coming out of this?”
• Carmen, Tampa, FL “If you were young, broke, and wanting to get into this business right now, what would you do?”
• Austin, Las Vegas, “I do ok wholesaling houses, but I feel like I’m not progressing. I work my butt off and I can’t stop because then I won’t have any income. What am I doing wrong?”

Chris Larsen is the founder and Managing Partner of Next-Level Income, through which he helps investors become financially independent through education and investment opportunities. He began syndicating deals in 2016, has raised more than $12M and been actively involved in over $150M of real estate acquisitions.

"Most people don't recognize opportunity because it often comes disguised as hard work."

"Opportunity paged me, beeped me, linked me, emailed me, faxed me and spammed me, but I was expecting it to knock."

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]

• Neil, Atlanta, GA "when a wholesaler sends you a tri-plex with fix n rent turn to 4 plex for all in for 230k plus 97k for rehab 4K rents, is this a deal? or turn in to a single family for $117 k rehab for 415k ARV would this be a deal?
• Vicky, Florence, SC "Should we hold off buying flips right now? What will the selling environment be like under lockdown?"
• Jim, Flint, MI "Our Governor just extended our state of emergency. My tenants are calling to say they don't have to pay any rent for the next few months and there's nothing I can do about it. What would you suggest I say?"
• Caroline, Muncie, IN "I'm following your inexpensive house idea and have a buyer who is wiring me the down payment. Unfortunately they missed the cutoff yesterday (this was a Friday) and I won't receive the money until Monday. They have provided the receipt for the wire from their bank and it looks legit. Would you let them move in? They want to move this weekend.
• Sanders, Toronto, "What are the tax implications for me if I buy properties in Detroit?"
• Reggie, Lakeland, FL "I saw you on Facebook the other day. Interesting stuff. You were talking about income streams. How do you create multiple income streams all from real estate?"
• Gemma, Madison, WI, "What are some things I should or should not say to a realtor when first getting into the business?"
• Francis, Jacksonville, FL "Would you put a new roof on a house when the current one looks a little shabby but doesn't leak and has 10 years left on it's rating? It's asphalt shingles. The bad appearance is caused by tree sap, so I've been told. Could we just power wash it instead?"

“Most people don’t recognize opportunity because it often comes disguised as hard work.”

“Opportunity paged me, beeped me, linked me, emailed me, faxed me and spammed me, but I was expecting it to knock.” 

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]

• Neil, Atlanta, GA “when a wholesaler sends you a tri-plex with fix n rent turn to 4 plex for all in for 230k plus 97k for rehab 4K rents, is this a deal?  or turn in to a single family for $117 k rehab for 415k ARV would this be a deal?
• Vicky, Florence, SC “Should we hold off buying flips right now? What will the selling environment be like under lockdown?”
• Jim, Flint, MI “Our Governor just extended our state of emergency. My tenants are calling to say they don’t have to pay any rent for the next few months and there’s nothing I can do about it. What would you suggest I say?”
• Caroline, Muncie, IN “I’m following your inexpensive house idea and have a buyer who is wiring me the down payment. Unfortunately they missed the cutoff yesterday (this was a Friday) and I won’t receive the money until Monday. They have provided the receipt for the wire from their bank and it looks legit. Would you let them move in? They want to move this weekend. 
• Sanders, Toronto, “What are the tax implications for me if I buy properties in Detroit?”
• Reggie, Lakeland, FL “I saw you on Facebook the other day. Interesting stuff. You were talking about income streams. How do you create multiple income streams all from real estate?”
• Gemma, Madison, WI, “What are some things I should or should not say to a realtor when first getting into the business?”
• Francis, Jacksonville, FL “Would you put a new roof on a house when the current one looks a little shabby but doesn’t leak and has 10 years left on it’s rating? It’s asphalt shingles. The bad appearance is caused by tree sap, so I’ve been told. Could we just power wash it instead?” 

Chris Larsen is the founder and Managing Partner of Next-Level Income, through which he helps investors become financially independent through education and investment opportunities. He began syndicating deals in 2016, has raised more than $12M and been actively involved in over $150M of real estate acquisitions.

Tom Peters said, ""If a window of opportunity appears, don't pull down the shade." No one listening to this show right now is responsible for the pandemic that is destroying the worldwide economy while taking fewer lives than the seasonal flu. It's a strange and challenging time, but it is precisely during times like these that shrewd people sense the changing opportunities, respond to meet them and make or grow their fortunes. And it is precisely during times like these that people who are close-minded, stuck in a rut, or simply resistant to change will suffer.

Today we begin a conversation about the opportunities presented by the world-wide pandemic. We want to be careful to emphasize "ethical opportunism." We are not here to prey on the misfortunes of others, but there are going to be people that need solutions. It is possible to help people, provide solutions, and make money at the same time. And this is exactly how we should present ourselves - real estate solutions providers.

"Most people don't recognize opportunity because it often comes disguised as hard work."

"Opportunity paged me, beeped me, linked me, emailed me, faxed me and spammed me, but I was expecting it to knock."

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.

• March mortgage delinquency up. No surprise. https://www.foxbusiness.com/real-estate/coronavirus-causes-spike-in-march-mortgage-delinquency-rate-for-the-first-time-in-decades

Send your questions to [email protected]

• Alison, Marietta, GA, "You seem to have several websites you mention from time to time. Can you go through them and explain the purpose for each one?"
• Warren, Macon, GA "What's the best podcast platform to listen to your show?"
• Selena, Pittsburgh, PA "How do you figure out what to offer when you're trying to propose a subject-to and they have a lot of equity?"

Tom Peters said, ““If a window of opportunity appears, don't pull down the shade.” No one listening to this show right now is responsible for the pandemic that is destroying the worldwide economy while taking fewer lives than the seasonal flu. It’s a strange and challenging time, but it is precisely during times like these that shrewd people sense the changing opportunities, respond to meet them and make or grow their fortunes. And it is precisely during times like these that people who are close-minded, stuck in a rut, or simply resistant to change will suffer.

Today we begin a conversation about the opportunities presented by the world-wide pandemic. We want to be careful to emphasize “ethical opportunism.” We are not here to prey on the misfortunes of others, but there are going to be people that need solutions. It is possible to help people, provide solutions, and make money at the same time. And this is exactly how we should present ourselves - real estate solutions providers. 

“Most people don’t recognize opportunity because it often comes disguised as hard work.”

“Opportunity paged me, beeped me, linked me, emailed me, faxed me and spammed me, but I was expecting it to knock.” 

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.

• March mortgage delinquency up. No surprise. https://www.foxbusiness.com/real-estate/coronavirus-causes-spike-in-march-mortgage-delinquency-rate-for-the-first-time-in-decades

Send your questions to [email protected]

• Alison, Marietta, GA, “You seem to have several websites you mention from time to time. Can you go through them and explain the purpose for each one?”
• Warren, Macon, GA “What’s the best podcast platform to listen to your show?”
• Selena, Pittsburgh, PA “How do you figure out what to offer when you’re trying to propose a subject-to and they have a lot of equity?” 

No one really knows the future, but with real estate, there are a number of signposts that can predict where we are heading. Today's show is a call from last week as part of the Flipping America REIA group. On the call we talked about the real estate leading indicators, what they tell us, and how to get the data. Plus I provide a link for everyone listening to grab your own copy of this report - I'm not even asking for your email address - it's a simple link on my website. You're welcome. If you are paying attention, real estate moves just slowly enough you can adjust course and make wise decisions.

What are the leading indicators for the real estate market?

Where do we get the data?

How should we interpret the data?

What makes the real estate market trends different from stock market trends?

What does it mean to be a "nimble" real estate investor and how do you accomplish that?

We will answer these questions and more on 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.

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• 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 a word. No. It's going to adjust. There will be opportunities, but it's not going to crash.

Real Estate Leading Indicators

Indicators

1. Pricing Trends. Impact: Informs our Offer strategy
2. 1. Where is the market heading in the past quarter?
   2. What is the year over year difference? Which direction is it heading?
   3. Housing Data Report from realtor.com
   4. Realtor.com Data
   1. How long does it take to sell a house?
   2. 1. https://www.zillow.com/sellers-guide/average-time-to-sell-a-house/
      2. https://www.thebalance.com/how-long-does-it-take-to-sell-a-house-1799050
      3. https://smartasset.com/mortgage/how-long-does-it-take-to-sell-a-house
      4. https://www.inman.com/2017/11/10/5-key-factors-average-time-sell-house-every-homeowner-needs-know/
3. Average Days on Market. Saturation rate. Impact: Informs our Offer price due to hold time.
4. How many months (or weeks) supply of inventory is out there? 3 months is balanced. At the rate properties are selling, how long would it take us to sell out the current inventory?
   1. Housing Starts US Gov
   2. Housing Starts from Trading Economics
5. Housing Starts
   1. Realty Trac foreclosure data
   2. AttomData foreclosure data
   3. CoreLogic foreclosure data
   4. Statista
6. Mortgage Default and foreclosure rates: Google: "Foreclosure Data" and "Default Rate"
   1. Bankrate
   2. NerdWallet
7. Interest Rates: Impact - Rates determine relative affordability. Can impact sales.
   1. National Economic Conditions
   2. Unemployment rate
   3. Weekly Jobless Claim Data
   4. UC San Diego Data Center
8. Overall Economic Conditions: Strong Economy, low unemployment = buyers. Weak or uncertain economy will slow market down.
   1. Turner Cost Index
   2. NAHB Economics
9. Construction Costs: Affect our rehab and holding costs, impact our initial offer.

Resources:

Housing Data Report from realtor.com

Realtor.com Data

Redfin Data Center

National Association of Realtors Research Data

NAR Research and Statistics

Zillow Data

Market Data for Realtors (Subscription required)

Housing Starts

Send your questions to [email protected]

• Janice, Canada, "1. how important is a well-designed space when buying and selling? The final price range correlates with the relative importance of design. Generally the higher the price the more important design is.
• 2. Who generally chooses the fixtures and finishes? I tend to let my realtor in that market tell me what the house needs in terms of color / finishes / etc. On houses in the luxury market I sometimes hire a designer to work with the realtor in making the right choices. In all cases I'm the decision-maker (or my project manager) because we have to balance the design considerations with the budget.