Flipping America

It’s hard to find an opportunity to talk about anything OTHER than the pandemic right now. This week we begin mentally taking control of our destinies by making a conscious choice to move forward while taking every precaution recommended by local state and federal authorities. We will make progress mentally, virtually, and this will translate soon to real life. 

Thursday night we did a second call in our series on real estate investing during a pandemic. Our guest panel was Jeff Holst, Darlene Coquerel, and Michael Green, three prolific investors and mentors with a high volume of flips and rental properties between them. We discussed a number of questions facing landlords and house flippers and dug in to find ways we can continue to make a living in real estate during these challenging times. 

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/CivicFunding

Real Estate Investing QuickStart

• 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.

• Wanda, Villages of Ocala, FL “Our rentals have been doing very well but we are concerned that during the pandemic our income may completely dry up. How are you handling this in your business? What can we do?”
• Martin, Alexandria, VA, “Our fixing and flipping business has been running on all cylinders this year and we really haven’t seen any slowing yet, but I’m growing concerned about the short-term future. I have six properties with hard money loans right now and if I can’t get the work done on them, I’ll be out of business. I’d appreciate your thoughts.”
• Fabriana, PIttsburg, PA “I’m struggling to get crews to show up and city inspectors to come to the job site. Everyone is overwhelmed, but so am I. If I can’t finish my two properties I will lose everything.”
• Carissa, Milwaukee, WI “I’ve been on the phone with my tenants and although I have a friendly relationship with all of them, a couple of them have said some pretty rough things to me. Accusing me of greed, exploitation, one even called me a corrupt b---. I don’t want to get into arguments with them - that seems pointless, but I also don’t want to just take it. How do you handle this?”
  

Even in the midst of the coronavirus crisis, with all that is going on in the world, we real estate investors need to be aware of a couple of important facts. 1. This isn't going to last forever. 2. When it's over, people are still going to buy and sell homes. And 3. Thanks to ever improving online tools we can get a lot done from the comforts of our homes. Just yesterday I closed on the sale of four homes virtually. I did have to go find a notary and drop some papers off, but my contact with others was very limited, over quickly, and I keep hand sanitizer in the car. I'll let you in on a little secret. I'm not exactly a germaphobe, but due to my public persona I shake hands with a lot of strangers - in normal times. One day after a greeting line that probably included 100 people or more I walked away and starting thinking about how many of those people didn't wash their hands the last time they used the bathroom. I've kept hand sanitizer in my car ever since. I'm about to run out of my current bottle so then I don't know what I'm going to do - stay home I guess.

Anyway, back to the fact we can do our business largely from home. Today we are joined by my new friend Brandon Barnes. Brandon is a high volume wholesaler here in Atlanta, Georgia. If you're not sure what wholesaling is or how it works, stick around because not only is Brandon going to explain what it is, he is available to guide and mentor you if you are looking to get started in this business. And even in today's hyper-competitive market, Brandon believes you can get your first deal with no more than $500 to $1000 invested in your marketing.

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/CivicFunding

Real Estate Investing QuickStart

• FlipStarter Online April 13, 14, 15, 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.

• This is a sneaky sales pitch. No real data. https://news.bitcoin.com/us-real-estate-jeopardy-housing-market-crash/

• Sanders, Monticello, GA, "Should we be taking our money out of the banks right now?"
• Esther, Dallas, TX, "Where do you believe the real estate market is headed?"
• Greg, Dayton, TN, "What should real estate investors be doing right now?"

Even in the midst of the coronavirus crisis, with all that is going on in the world, we real estate investors need to be aware of a couple of important facts. 1. This isn’t going to last forever. 2. When it’s over, people are still going to buy and sell homes. And 3. Thanks to ever improving online tools we can get a lot done from the comforts of our homes. Just yesterday I closed on the sale of four homes virtually. I did have to go find a notary and drop some papers off, but my contact with others was very limited, over quickly, and I keep hand sanitizer in the car. I’ll let you in on a little secret. I’m not exactly a germaphobe, but due to my public persona I shake hands with a lot of strangers - in normal times. One day after a greeting line that probably included 100 people or more I walked away and starting thinking about how many of those people didn’t wash their hands the last time they used the bathroom. I’ve kept hand sanitizer in my car ever since. I’m about to run out of my current bottle so then I don’t know what I’m going to do - stay home I guess. 

Anyway, back to the fact we can do our business largely from home. Today we are joined by my new friend Brandon Barnes. Brandon is a high volume wholesaler here in Atlanta, Georgia. If you’re not sure what wholesaling is or how it works, stick around because not only is Brandon going to explain what it is, he is available to guide and mentor you if you are looking to get started in this business. And even in today’s hyper-competitive market, Brandon believes you can get your first deal with no more than $500 to $1000 invested in your marketing. 

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/CivicFunding

Real Estate Investing QuickStart

• FlipStarter Online April 13, 14, 15, 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.

• This is a sneaky sales pitch. No real data. https://news.bitcoin.com/us-real-estate-jeopardy-housing-market-crash/

• Sanders, Monticello, GA, “Should we be taking our money out of the banks right now?”
• Esther, Dallas, TX, “Where do you believe the real estate market is headed?”
• Greg, Dayton, TN, “What should real estate investors be doing right now?”
  

I have previously predicted the top three real estate investing trends for 2020 and I'm going to repeat them in a moment. The growth is going to be interrupted by the current corona virus crisis, which is, as I speak shutting down entertainment, business, airlines, travel, and entire industries. We are sensitive those directly impacted by the illness from the virus but at the risk of appearing insensitive it seems to be an unnecessary panic. In 2009, the H1N1 virus infected 59 million people in the US, 265,000 were hospitalized and 12,000 people died. My son was in the 8th grade at the time and tested positive for the virus. He missed a couple of days of school, but his symptoms were flu-like.

The medical impact of the corona virus is a tiny fraction of the swine flu, and unless there is something about this that no one is telling the public, the state of alarm seems to be disproportionate to the actual impact. One thing that is for sure impacted is the economy. It's being hammered right now and billions are being lost. The financial fallout is affecting people from all walks of life and could lead us to the 2020 recession we thought we had avoided.

It may be summer time before things get back to normal, but when they do, the three trending strategies will come back to the forefront. And here they are: Apartments, Short-Term Rentals, and Self-Storage. These areas are hot right now because they cash flow well and the competition is less stiff than in the single family market.

In a few moments I'm going to be joined by Rod Khlief, one of the multi-family masters. He is going to share his amazing story with us. Listen up, if you've ever had a setback or a full-on business failure, you need to hear Rod's story. He lost it all, and climbed back. His energy is infectious and his insight is inspiring. He will be with us in just a few moments.

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/CivicFunding

FlipCalcs

• 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 Corona Virus hits the Housing Market: https://www.realtor.com/news/real-estate-news/home-selling-in-the-age-of-coronavirus-its-a-whole-different-world/
• They predicted a housing recession in 2020, but due to rising interest rates. The corona virus wasn't a factor. https://www.investopedia.com/investing/next-housing-recession-2020-predicts-zillow/

• Sandra, Indianapolis, IN, "When is the best time to buy a house?
• • Money saved for down payment
  • Credit score is high - best interest rate
  • Market has a three months supply of homes (or more)
  • After the first two conditions are met for sure, then when you find the right place at the right price.
• Warren, Meridian MS, "what is the website for running comps through PropStream?"
• • FlippingAmericaComps.com
• Sally, Villages of Ocala, FL, "Flipping America seems to have so many different websites. Can you tell me the differences and what each one offers?
• • RogerBlankenship.com
  • FlippingAmericaNetwork.com
  • FlippingAmerica.net
  • FlippingAmericaREIA.com
  • FlippingAmericaComps.com
  • FlipCalcs.com
• Eduardo, Tampa, FL, "In light of the corona virus, I'm thinking of not buying any flips for a few months, but it's my primary source of income. How are you proceeding with your business?"

I have previously predicted the top three real estate investing trends for 2020 and I’m going to repeat them in a moment. The growth is going to be interrupted by the current corona virus crisis, which is, as I speak shutting down entertainment, business, airlines, travel, and entire industries. We are sensitive those directly impacted by the illness from the virus but at the risk of appearing insensitive it seems to be an unnecessary panic. In 2009, the H1N1 virus infected 59 million people in the US, 265,000 were hospitalized and 12,000 people died. My son was in the 8th grade at the time and tested positive for the virus. He missed a couple of days of school, but his symptoms were flu-like. 

The medical impact of the corona virus is a tiny fraction of the swine flu, and unless there is something about this that no one is telling the public, the state of alarm seems to be disproportionate to the actual impact. One thing that is for sure impacted is the economy. It’s being hammered right now and billions are being lost. The financial fallout is affecting people from all walks of life and could lead us to the 2020 recession we thought we had avoided.

It may be summer time before things get back to normal, but when they do, the three trending strategies will come back to the forefront. And here they are: Apartments, Short-Term Rentals, and Self-Storage. These areas are hot right now because they cash flow well and the competition is less stiff than in the single family market. 

In a few moments I’m going to be joined by Rod Khlief, one of the multi-family masters. He is going to share his amazing story with us. Listen up, if you’ve ever had a setback or a full-on business failure, you need to hear Rod’s story. He lost it all, and climbed back. His energy is infectious and his insight is inspiring. He will be with us in just a few moments. 

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/CivicFunding

FlipCalcs   

• 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 Corona Virus hits the Housing Market: https://www.realtor.com/news/real-estate-news/home-selling-in-the-age-of-coronavirus-its-a-whole-different-world/
• They predicted a housing recession in 2020, but due to rising interest rates. The corona virus wasn’t a factor. https://www.investopedia.com/investing/next-housing-recession-2020-predicts-zillow/

• Sandra, Indianapolis, IN, “When is the best time to buy a house?
• • Money saved for down payment
  • Credit score is high - best interest rate
  • Market has a three months supply of homes (or more)
  • After the first two conditions are met for sure, then when you find the right place at the right price. 
• Warren, Meridian MS, “what is the website for running comps through PropStream?”
• • FlippingAmericaComps.com
• Sally, Villages of Ocala, FL, “Flipping America seems to have so many different websites. Can you tell me the differences and what each one offers?
• • RogerBlankenship.com
  • FlippingAmericaNetwork.com
  • FlippingAmerica.net
  • FlippingAmericaREIA.com
  • FlippingAmericaComps.com
  • FlipCalcs.com
• Eduardo, Tampa, FL, “In light of the corona virus, I’m thinking of not buying any flips for a few months, but it’s my primary source of income. How are you proceeding with your business?”

There really is nothing new under the sun. Even today's freshest sounding ideas only sound that way because it has been awhile since they were popular. This is true in real estate investing. Someone starts doing Technique A which generates massive profits. They tell their friends, then teach a course on it and pretty soon EVERYBODY is doing Technique A. Then someone rediscovers Technique Q, which is an old idea but no one is doing it any longer and there is an opportunity to make good margins. The process repeats.

This is true of the strategy we are going to start calling "Happy Rooming" at least until we come up with something better. For the consumer, you pack up your clothes and move into a house. You get a furnished room, common areas, shared driveway for your car. It comes with some rules of course, to protect everyone living there, but you have the convenience of not having to purchase furniture or absorb the cost of renting or buying space you don't use.

Our guest today is Mentor Sharoney and she has brought this technique back to the Atlanta market. She's brought it up-to-date and added some extra touches that create happy living spaces for her tenants and strong cash flow in her properties. She will be along in a few moments.

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/CivicFunding

FlipCalcs

• 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.

• CoreLogic reports that home values gained 4.0% in 2019. Projecting 5.4% this year. (we are at 4.5). CT was the only state with decline. Idaho lead the way with 10.5% growth. Eight straight years of gains. https://www.corelogic.com/insights/home-price-index.aspx?WT.mc_id=crlg_200303_TnzF6
• A super simple spreadsheet solution that allows you to see the impact of annual appreciation on the value of a property (or anything that appreciates consistently and predictably). https://docs.google.com/spreadsheets/d/1Z4A66KOANQO45Jn8YTpV55rEqNQ-u0N51B2ZfqW2sI8/edit#gid=0
• Foreclosures are at a 15 year low. https://www.attomdata.com/news/market-trends/foreclosures/attom-data-solutions-2019-year-end-u-s-foreclosure-market-report/?utm_source=newsletter&utm_medium=email&utm_campaign=SEO-News+Updates
• Delinquencies are at the lowest rate since 2000. https://www.corelogic.com/insights/loan-performance-insights-report.aspx?WT.mc_id=crlg_200310_PEpCh
• Remember Wells Fargo and the fake accounts? 5000 employees, over 1 mil fake accounts. Now Fifth Third Bank has joined the party, according to the CFPB. https://www.housingwire.com/articles/fifth-third-bank-accused-of-opening-fake-accounts-in-customers-names/?utm_campaign=Newsletter%20-%20HousingWire%20Daily&utm_source=hs_email&utm_medium=email&utm_content=84493004&_hsenc=p2ANqtz-_Xs-flc5GsRRvV8MWsyPE6YgQa6AiXD4kFBqqJqxjyhoKmwbNNi0zy97SiFJHb8pvg7v4ki-pIw3PJSdvaccsL0I85RzTkQIWcC2BpyLzvibjR02c&_hsmi=84493004

• Ron, Lexington, KY, "I have an AirBnB in Daytona which is doing well. I'm considering buying more, but I'm hearing that communities are banning them. What's the latest?
• Angela, Anniston, AL, "I just flipped a house in Jacksonville, AL and made enough money to make a down-payment on two rental houses. This is fantastic! I want to do this full time but I'm pretty sure there aren't enough deals around here. If you were in my shoes would you head toward Atlanta or Birmingham?"
• Marcus, Harrisburg, PA, "Thanks for the show and all you are doing. I'm interested in leading a local chapter of the Flipping America REIA. What do I need to do?"
• Joel, Atlanta, GA "You are seller-financing those cheap houses around the country. I want to buy one and turn it into a rental. Can you tell me how what I need to do to get one?"

There really is nothing new under the sun. Even today’s freshest sounding ideas only sound that way because it has been awhile since they were popular. This is true in real estate investing. Someone starts doing Technique A which generates massive profits. They tell their friends, then teach a course on it and pretty soon EVERYBODY is doing Technique A. Then someone rediscovers Technique Q, which is an old idea but no one is doing it any longer and there is an opportunity to make good margins. The process repeats. 

This is true of the strategy we are going to start calling “Happy Rooming” at least until we come up with something better. For the consumer, you pack up your clothes and move into a house. You get a furnished room, common areas, shared driveway for your car. It comes with some rules of course, to protect everyone living there, but you have the convenience of not having to purchase furniture or absorb the cost of renting or buying space you don’t use. 

Our guest today is Mentor Sharoney and she has brought this technique back to the Atlanta market. She’s brought it up-to-date and added some extra touches that create happy living spaces for her tenants and strong cash flow in her properties. She will be along in a few moments.   

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/CivicFunding

FlipCalcs   

• 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.

• CoreLogic reports that home values gained 4.0% in 2019. Projecting 5.4% this year. (we are at 4.5). CT was the only state with decline. Idaho lead the way with 10.5% growth. Eight straight years of gains. https://www.corelogic.com/insights/home-price-index.aspx?WT.mc_id=crlg_200303_TnzF6
• A super simple spreadsheet solution that allows you to see the impact of annual appreciation on the value of a property (or anything that appreciates consistently and predictably). https://docs.google.com/spreadsheets/d/1Z4A66KOANQO45Jn8YTpV55rEqNQ-u0N51B2ZfqW2sI8/edit#gid=0
• Foreclosures are at a 15 year low. https://www.attomdata.com/news/market-trends/foreclosures/attom-data-solutions-2019-year-end-u-s-foreclosure-market-report/?utm_source=newsletter&utm_medium=email&utm_campaign=SEO-News+Updates
• Delinquencies are at the lowest rate since 2000. https://www.corelogic.com/insights/loan-performance-insights-report.aspx?WT.mc_id=crlg_200310_PEpCh
• Remember Wells Fargo and the fake accounts? 5000 employees, over 1 mil fake accounts. Now Fifth Third Bank has joined the party, according to the CFPB. https://www.housingwire.com/articles/fifth-third-bank-accused-of-opening-fake-accounts-in-customers-names/?utm_campaign=Newsletter%20-%20HousingWire%20Daily&utm_source=hs_email&utm_medium=email&utm_content=84493004&_hsenc=p2ANqtz-_Xs-flc5GsRRvV8MWsyPE6YgQa6AiXD4kFBqqJqxjyhoKmwbNNi0zy97SiFJHb8pvg7v4ki-pIw3PJSdvaccsL0I85RzTkQIWcC2BpyLzvibjR02c&_hsmi=84493004

• Ron, Lexington, KY, “I have an AirBnB in Daytona which is doing well. I’m considering buying more, but I’m hearing that communities are banning them. What’s the latest?
• Angela, Anniston, AL, “I just flipped a house in Jacksonville, AL and made enough money to make a down-payment on two rental houses. This is fantastic! I want to do this full time but I’m pretty sure there aren’t enough deals around here. If you were in my shoes would you head toward Atlanta or Birmingham?”
• Marcus, Harrisburg, PA, “Thanks for the show and all you are doing. I’m interested in leading a local chapter of the Flipping America REIA. What do I need to do?”
• Joel, Atlanta, GA “You are seller-financing those cheap houses around the country. I want to buy one and turn it into a rental. Can you tell me how what I need to do to get one?”

You want to reap the benefits of investing in real estate without all -- or without any -- of the work. This show is for you. There are several ways you can do this, but one of them is to purchase a Turn-Key Rental and that's what we are talking about today. In a few moments I'll be joined by Antoine Martel who started right out of college investing in rental properties - NOT in California where he lives, but in Memphis and Cleveland. How does it do it? Stay tuned and you'll find out.

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/CivicFunding

Real Estate Investing QuickStart

• 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 ppossibilities.
• "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.

• Are you stocked up? The best time of the year is just a couple of months away. https://www.housingwire.com/articles/the-best-time-to-sell-a-house-is-quickly-approaching/
• Good tips on Turn-Key Rentals. https://money.usnews.com/investing/real-estate-investments/articles/things-to-know-about-turnkey-real-estate-investments-for-retirement
• Questions you should ask yourself when considering your real estate investing options. https://www.fool.com/millionacres/real-estate-investing/articles/best-place-invest-real-estate/
• Of all the things you could name your new real estate company, let's go for something that screams "unprofessional." https://www.housingwire.com/articles/real-estate-and-mortgage-startup-homie-raises-23-million/

• Martelturnkey,.com
• Flipping America 313, Best Places for Rentals

• Amanda, Memphis, TN "Would you say that real estate investing is better than the stock market? I kinda think you would, but I want to hear it from you."
• • It depends. An experienced stock investor / day trader might achieve the same returns as an experienced real estate investor. In that case, I say "do what you know and enjoy." If you are inexperienced in both and relying on the returns from an indexed stock fund compared to standard real estate appreciation, the stock market is going to appear to perform better every time. The secrets in real estate however involve the gains that can be realized through leverage, depreciation, and growth in equity over time.
• Juan, Houston, TX "I have a good job I want to keep, and I want to invest in real estate but don't make enough extra money to enable that. What would you do?"
• • What I would do when I were younger would NOT have been what I would recommend now. That's because I wasn't as smart then as I am now. What I would do NOW is adjust my lifestyle. You really only have two options. You have to either take on a side hustle to earn money to invest in real estate, or your have to decrease your living expenses to save money. Your side hustle could be real estate wholesaling or deal structuring, but there is no avoiding the time needed for this. Those are your options.
• Millie, Pontiac, MI "Ten years ago my husband got transferred. We rented out our house in Columbus, OH and it's been a continual problem. We've tried a couple of property management companies and it really isn't any better. We want to get rid of it and it looks like we are no longer upside down on it, but we hate to dump it and not make any money. It needs a few minor repairs and a major update. Tell us what we need to be thinking about in order to make this decision."
• • You are correct if you do not think about this as your home. You don't live there. This is an investment property and should be treated that way. As such it has a fixed daily cost. You need to know this number so you can feel the pain of it sitting there empty. One small difference is if you have a loan on it, you are probably paying down the balance a little each month, which is better than the interest-only loans used by house flippers.
  • When thinking about repairs, I always first fix everything that is broken and then I evaluate all of the "nice-to-have" items in the rehab. The first thing I want to know is what the financial return will be for each expense. If I spend 15,000 in the kitchen, will I be able to sell the house for $30,000 more? I rank the rehab priorities according to the financial return.
  • Then I rank them according to my opinion about how much more quickly they will help me sell the house. This is a bit of guesswork and the realtor can help. If I spend $3000 for no increased price but the house will sell 60 days sooner, I will spend the money. It's still the smart play. Every rehab decision runs through this grid and we acknowledge there is some guesswork involved but it's better than not thinking it through at all.
• Carson, Brookfield, WI "Do you ever get those really cheap houses here in Wisconsin?"
• • Yes! Recently in Milwaukee and currently in Catawba!
• Kyle, Atlanta, GA "What are the criteria you use for the inexpensive houses you buy around the country?"

You want to reap the benefits of investing in real estate without all -- or without any -- of the work. This show is for you. There are several ways you can do this, but one of them is to purchase a Turn-Key Rental and that’s what we are talking about today. In a few moments I’ll be joined by Antoine Martel who started right out of college investing in rental properties - NOT in California where he lives, but in Memphis and Cleveland. How does it do it? Stay tuned and you’ll find out. 

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/CivicFunding

Real Estate Investing QuickStart

• 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 ppossibilities. 
• “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.

• Are you stocked up? The best time of the year is just a couple of months away. https://www.housingwire.com/articles/the-best-time-to-sell-a-house-is-quickly-approaching/
• Good tips on Turn-Key Rentals. https://money.usnews.com/investing/real-estate-investments/articles/things-to-know-about-turnkey-real-estate-investments-for-retirement
• Questions you should ask yourself when considering your real estate investing options. https://www.fool.com/millionacres/real-estate-investing/articles/best-place-invest-real-estate/
• Of all the things you could name your new real estate company, let’s go for something that screams “unprofessional.” https://www.housingwire.com/articles/real-estate-and-mortgage-startup-homie-raises-23-million/

• Martelturnkey,.com
• Flipping America 313, Best Places for Rentals

• Amanda, Memphis, TN “Would you say that real estate investing is better than the stock market? I kinda think you would, but I want to hear it from you.”
• • It depends. An experienced stock investor / day trader might achieve the same returns as an experienced real estate investor. In that case, I say “do what you know and enjoy.” If you are inexperienced in both and relying on the returns from an indexed stock fund compared to standard real estate appreciation, the stock market is going to appear to perform better every time. The secrets in real estate however involve the gains that can be realized through leverage, depreciation, and growth in equity over time.  
• Juan, Houston, TX “I have a good job I want to keep, and I want to invest in real estate but don’t make enough extra money to enable that. What would you do?” 
• • What I would do when I were younger would NOT have been what I would recommend now. That’s because I wasn’t as smart then as I am now. What I would do NOW is adjust my lifestyle. You really only have two options. You have to either take on a side hustle to earn money to invest in real estate, or your have to decrease your living expenses to save money. Your side hustle could be real estate wholesaling or deal structuring, but there is no avoiding the time needed for this. Those are your options. 
• Millie, Pontiac, MI “Ten years ago my husband got transferred. We rented out our house in Columbus, OH and it’s been a continual problem. We’ve tried a couple of property management companies and it really isn’t any better. We want to get rid of it and it looks like we are no longer upside down on it, but we hate to dump it and not make any money. It needs a few minor repairs and a major update. Tell us what we need to be thinking about in order to make this decision.”
• • You are correct if you do not think about this as your home. You don’t live there. This is an investment property and should be treated that way. As such it has a fixed daily cost. You need to know this number so you can feel the pain of it sitting there empty. One small difference is if you have a loan on it, you are probably paying down the balance a little each month, which is better than the interest-only loans used by house flippers. 
  • When thinking about repairs, I always first fix everything that is broken and then I evaluate all of the “nice-to-have” items in the rehab. The first thing I want to know is what the financial return will be for each expense. If I spend 15,000 in the kitchen, will I be able to sell the house for $30,000 more? I rank the rehab priorities according to the financial return. 
  • Then I rank them according to my opinion about how much more quickly they will help me sell the house. This is a bit of guesswork and the realtor can help. If I spend $3000 for no increased price but the house will sell 60 days sooner, I will spend the money. It’s still the smart play. Every rehab decision runs through this grid and we acknowledge there is some guesswork involved but it’s better than not thinking it through at all.
• Carson, Brookfield, WI “Do you ever get those really cheap houses here in Wisconsin?”
• • Yes! Recently in Milwaukee and currently in Catawba!
• Kyle, Atlanta, GA “What are the criteria you use for the inexpensive houses you buy around the country?”
  

Today we are getting an update on developments with short-term Rentals from Pam O'Dell, Executive Director of the Short Term Rental Owners Association of Georgia. The legislature is in session and there are interesting developments.

Government involvement and interference with real estate development is nothing new. You don't have to look far to find examples of higher prices and slower development because of bureaucratic overreach, fees, processes, and delays. I can give you many examples, but here is one: Government rent-controls end up costing landlords so much they are actually better off leaving a house vacant while waiting for price appreciation to allow them to sell. This leads to quite a bit of vacant properties in places like California. In a few minutes I'm going to share with you the state's response to this problem. You will love this I'm sure.

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/CivicFunding

Real Estate Investing QuickStart

• 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 ppossibilities.
• "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.

• You work hard to escape the hood, the cycle of poverty and dependence and the culture of violence, and then the government forces you back into it. I predict an awesome conclusion to this nonsense. Watch EVERYONE who wants to live in safety leave the city. https://www.ajc.com/news/local-govt--politics/atlanta-make-all-landlords-accept-housing-vouchers/RBUDQT37yHk3WjzuuameOM/?fbclid=IwAR0b4vFqxzYiggLIHKR6MuNfGTqtyPA32eWxrbfqzJMsQ_8e7RArtiaGaG8
• Another example of Government trying a really bad idea to solve a problem they created. https://www.wsj.com/articles/want-fewer-homes-try-this-11582500687?mod=MorningEditorialReport&mod=djemMER_h
• The world's dumbest housing policy. https://www.wsj.com/articles/the-worlds-dumbest-housing-policy-11568243654

• STROAGA
• Short Term Rental Association of Georgia
• Stroaga.org
• We have been the whipping post. Mostly at the local level.
• Lot of talk, soon to be action
• HB 276, is law. Platforms are responsible for remitting directly the state sales tax. Use to be the owners collected the tax and had responsibility to pay it. It is retroactive to Jan 1, 2020.
• Platforms are being sued by various municipal governments for back taxes.
• HB 448 being debated. Extension of 276. Asks the platforms to remit the hotel motel tax.
• Tax bills are required to be accompanied by a Fiscal Note, basically projecting how much revenue this tax would generate. It is projecting that short term will bring in more money.
• Bans. IF a municipality bans airbnb now they are costing the state money.
• Preempt bill. A state law preventing local municipalities from banning STR