Flipping America

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 

"If you don't know where you're going, any road will take you there." This quote is from Alice in Wonderland by Lewis Carroll. Yogi Berra put a famous twist on this by saying "If you don't know where you're going you'll end up someplace else."

"Our plans miscarry because they have no aim. When a man does not know what harbor he is making for, no wind is the right wind." Seneca

In absence of vision and clearly defined goals, we become strangely loyal to performing daily acts of trivia. Has your life fallen into mindless routine? Do you have a vague feeling that you would like to be doing something different, be somewhere else, spend your days involved in something more meaningful? It all begins with your vision. Not just a dream or a romantic ideal, a vision that is clearly developed, that focuses your life, informs the development of your goals, and directs the priorities of your daily life. It is possible to live a well-thought life. Not only is it possible, you might be missing the best possible life and the best possible version of you. It is good for every person to devote time regularly to thinking about the bigger picture of his or her life.

Mark Dolfini is the author of "The Time Wealthy Investor" and in that book he outlines his VIP strategy. VIP is an acronym standing for Vision, Infrastructure, and Process. His work and thoughts on the Vision part alone are some of the best I've seen. I might have planted a little seed in his brain about doing an entire course on Vision and that has now become a reality. Mark will be making a guest appearance tonight at the Flipping America REIA meeting via video chat. But he also is going to join us in just a moment for a conversation about his new course on Vision.

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.

• Kathy Fettke called it on this show. Crystal lagoons could be a "wave" of the future. https://www.cnbc.com/video/2020/02/12/crystal-lagoons-is-disrupting-beach-front-real-estate.html
• Is it a rental monolith or a monopoly? https://www.housingwire.com/articles/birth-of-a-rental-monolith-rentpath-declares-bankruptcy-agrees-to-sell-to-costar/
• Can investors also become HomeSnap pro users? https://www.housingwire.com/articles/homesnap-new-platform-guesses-when-people-will-move/
• People are on the move - away from expensive coastal cities. https://www.redfin.com/blog/q4-2019-housing-migration-report/

• Confusing results with vision.
• Big house, why? Love to entertain. Why? Keep pulling on the thread and usually will end up saying "because I (fill in the blank with this deep need)."
• Not about goals. It's attached to the limbic system - the thing that gets. You up on a rainy Sunday morning.
• The Vision Paragraph
• The Vision Summary - write it down every day. "She wanted to move her mom within a 5 min drive. Home-school her kids, work from home, 10-15 hours/week. Wanted to start trying to have another baby." Identify revenue goals that can make that happen. The two or three things she wanted the most within the next 8-12 months.
• Three pillars of the mind, body, and soul. Easiest to start with the mind.
• The Personal Vision Road Map

• Jessica, Akron, OH, "I have saved $40,000 to invest in a fix and flip. I've watched videos, attended a boot camp, and I see deals from time to time that fit all the criteria. But I'm having a hard time pulling the trigger. I know it's fear, but how do I overcome it?"

Comment Line calls and Questions

Call 404-369-1018, press 1 and leave your message!

“If you don’t know where you’re going, any road will take you there.” This quote is from Alice in Wonderland by Lewis Carroll. Yogi Berra put a famous twist on this by saying “If you don’t know where you’re going you’ll end up someplace else.” 

"Our plans miscarry because they have no aim. When a man does not know what harbor he is making for, no wind is the right wind." Seneca

In absence of vision and clearly defined goals, we become strangely loyal to performing daily acts of trivia. Has your life fallen into mindless routine? Do you have a vague feeling that you would like to be doing something different, be somewhere else, spend your days involved in something more meaningful? It all begins with your vision. Not just a dream or a romantic ideal, a vision that is clearly developed, that focuses your life, informs the development of your goals, and directs the priorities of your daily life. It is possible to live a well-thought life. Not only is it possible, you might be missing the best possible life and the best possible version of you. It is good for every person to devote time regularly to thinking about the bigger picture of his or her life.

Mark Dolfini is the author of “The Time Wealthy Investor” and in that book he outlines his VIP strategy. VIP is an acronym standing for Vision, Infrastructure, and Process. His work and thoughts on the Vision part alone are some of the best I’ve seen. I might have planted a little seed in his brain about doing an entire course on Vision and that has now become a reality. Mark will be making a guest appearance tonight at the Flipping America REIA meeting via video chat. But he also is going to join us in just a moment for a conversation about his new course on Vision. 

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.

• Kathy Fettke called it on this show. Crystal lagoons could be a “wave” of the future.  https://www.cnbc.com/video/2020/02/12/crystal-lagoons-is-disrupting-beach-front-real-estate.html
• Is it a rental monolith or a monopoly? https://www.housingwire.com/articles/birth-of-a-rental-monolith-rentpath-declares-bankruptcy-agrees-to-sell-to-costar/
• Can investors also become HomeSnap pro users? https://www.housingwire.com/articles/homesnap-new-platform-guesses-when-people-will-move/
• People are on the move - away from expensive coastal cities.  https://www.redfin.com/blog/q4-2019-housing-migration-report/

• Confusing results with vision. 
• Big house, why? Love to entertain. Why? Keep pulling on the thread and usually will end up saying “because I (fill in the blank with this deep need).”
• Not about goals. It’s attached to the limbic system - the thing that gets. You up on a rainy Sunday morning. 
• The Vision Paragraph
• The Vision Summary - write it down every day. “She wanted to move her mom within a 5 min drive. Home-school her kids, work from home, 10-15 hours/week. Wanted to start trying to have another baby.” Identify revenue goals that can make that happen. The two or three things she wanted the most within the next 8-12 months. 
• Three pillars of the mind, body, and soul. Easiest to start with the mind. 
• The Personal Vision Road Map 

• Jessica, Akron, OH, “I have saved $40,000 to invest in a fix and flip. I’ve watched videos, attended a boot camp, and I see deals from time to time that fit all the criteria. But I’m having a hard time pulling the trigger. I know it’s fear, but how do I overcome it?”
  

Comment Line calls and Questions

Call 404-369-1018, press 1 and leave your message! 

On our last show we played part of a call held on Thursday March 19 for the Flipping America REIA Group. Our esteemed Panel consisted of Gordon Catts, Ramon Tookes and Logan Mohtashami. The call lasted longer than we could get into one show so today we will play the rest of the call for you, but we need to update you on the rapidly changing situation. In fact, by the time you hear this, I'm sure there will be new developments.

While we were on the call, California Governor Gavin Newsom ordered all 40 million residents to say home. He stated that he believes 56% of Californians could become infected. This was immediately refuted by a Stanford Epidemiologist who stated that such projections were based on bad science. Furthermore, a number of law groups have come forward to assert that the Governor cannot legally order people to stay at home. He has the power to suspend California laws, but he does not have the power to suspend Constitutional Rights.

Various cures or cure ideas are being put forward and tested. There is a vaccine already being tested. Also on today's show, I'm going to share with you an article from this morning's Wall Street Journal, in case you missed it, titled "Coronavirus Vindicates Capitalism". This is a beautiful can't miss article by Kimberly Strassel and you need to hear it or read it for yourself. This message MUST get out to today's young adults.

www.flippingamerica.net.

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

• 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.

• Everyone needs to read this - especially young adults. https://www.wsj.com/articles/coronavirus-vindicates-capitalism-11584659306?mod=opinion_featst_pos1

• Garrett, Dallas, TX "Is this the worst epidemic to ever hit America?"
• Patrick, Portland, ME "I was driving and missed it - please tell me the dates and times for the FlipStarter Online and how to sign up."
• Melissa, Oconomowoc, WI "What is the best time of year to buy investment property?"

Tags: real estate, real estate investing, real estate investments, real estate education, income properties, Roger Blankenship, Flipping America, pandemic, coronavirus, COVID-19

On our last show we played part of a call held on Thursday March 19 for the Flipping America REIA Group. Our esteemed Panel consisted of Gordon Catts, Ramon Tookes and Logan Mohtashami. The call lasted longer than we could get into one show so today we will play the rest of the call for you, but we need to update you on the rapidly changing situation. In fact, by the time you hear this, I’m sure there will be new developments. 

While we were on the call, California Governor Gavin Newsom ordered all 40 million residents to say home.  He stated that he believes 56% of Californians could become infected. This was immediately refuted by a Stanford Epidemiologist who stated that such projections were based on bad science. Furthermore, a number of law groups have come forward to assert that the Governor cannot legally order people to stay at home. He has the power to suspend California laws, but he does not have the power to suspend Constitutional Rights. 

Various cures or cure ideas are being put forward and tested. There is a vaccine already being tested. Also on today’s show, I’m going to share with you an article from this morning’s Wall Street Journal, in case you missed it, titled “Coronavirus Vindicates Capitalism”. This is a beautiful can’t miss article by Kimberly Strassel and you need to hear it or read it for yourself. This message MUST get out to today’s young adults. 

www.flippingamerica.net. 

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 

• 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.

• Everyone needs to read this - especially young adults.  https://www.wsj.com/articles/coronavirus-vindicates-capitalism-11584659306?mod=opinion_featst_pos1

• Garrett, Dallas, TX “Is this the worst epidemic to ever hit America?”
• Patrick, Portland, ME “I was driving and missed it - please tell me the dates and times for the FlipStarter Online and how to sign up.”
• Melissa, Oconomowoc, WI “What is the best time of year to buy investment property?” 

Tags: real estate, real estate investing, real estate investments, real estate education, income properties, Roger Blankenship, Flipping America, pandemic, coronavirus, COVID-19

A week ago I noted that nearly half of the newspaper and media stories were about the COVID-19 virus (and I'm going to try and stop using Corona virus out of respect for Corona Beer and Corona Cigars, neither of which had anything to do with this). This morning as I read the newspaper, 9 out of 10 stories were either about the pandemic or the effects of the pandemic. US cases as of today, March 19 exceed 10,000 and we have had 161 deaths. Not to be insensitive but to provide a little perspective, So far in 2020, the flu has hospitalized more than 250,000 and more than 14,000 have died.

It's staggering to see the entire American economy come to a grinding halt. Just today, San Francisco is shutting down the entire city for four weeks. Churches, restaurants, bars, and gyms across the country are not meeting. People are either working from home or not working. And the financial effects are being felt from Wall Street to Main Street. Those with good jobs are suddenly without work and are facing an imminent crisis when their cash runs out.

How will they pay mortgage or rent? How will they buy food? How will they live? The government is stepping in. Congress has already passed two stimulus measures and they are working on more, more than $1 trillion in stimulus spending is planned and the White House has said they will do more if needed. FHA has called a moratorium on foreclosures and evictions from all FHA guaranteed loans for the duration of the crisis, At least three cities have already banned evictions and others are considering it. I'm immediately wondering two things.

1. How far up the food chain will the forgiveness for non-payment go? We can't evict our tenants for non-payment, but without their rent, we may not be able to pay our mortgages. For those with free and clear rentals, that money may be our primary income. What will we do?
2. All of the social distancing is designed to protect the contagion from spreading. But this cannot last forever. When it DOES end, if only one person in the world is still contagious, what is to keep this from starting all over again?

I believe the health experts are working on answers to the second question. Our purpose over the next little while is to try and address more of the economic questions, particularly with regard to real estate investors.

My team and I will give 30 minutes of our time at no cost or obligation to help you take the next steps - or your first steps in your RE business. Go to bit.ly/talktoroger

Also, we have lowered the price of our entry level course, "Real Estate Investing Quick Start" to $97 for the duration of the crisis. bit.ly/requickstart

The Short-Term economic outlook.

The Long-Term impact

The Recovery time and process (once we hear the "all clear).

Question: Do you expect a quick snap-back due to growing pent up demand? (A V-shaped recovery?)

Stimulus package passed Wednesday afternoon: 2 weeks paid leave for employees.

$1 Trillion stimulus package on the way.

FHA backed loans will not foreclose for at least 60 days.

Other initiatives?

California stops evictions. Boston and New York considering.

Question: Should these same municipalities spare the landlords from having to maintain properties and pay mortgages during this time? How far up the ladder should relief go?

Asset Classes for Discussion. How do you see each of these areas being impacted? And more importantly, what can people do who make their livelihoods here?

Single Family Fix and Flip

Single Family Rentals

Multi-Family Rentals

Short-Term Rentals

Other Real Estate Investing Strategies

General Questions:

What should each listener do right now? Your top 2 things

What opportunities are out there right now?

What opportunities will be there when recovery is underway?

When the "all clear" is given, what is the optimal position for us to be in?

www.flippingamerica.net.

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

RE QuickStart bit.ly/REquickstart

• 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.

• 250,000 hospitalizations, 14,000+ deaths. The FLU, not Covid-19, 105 children have died. 6.8% of those contracting the flu will die. https://www.usnews.com/news/health-news/articles/2020-02-21/flu-season-thats-sickened-26-million-may-be-at-its-peak
• Mortality rate from Covid-19, 4.12% https://www.worldometers.info/coronavirus/

• Many "If I can't collect my rent, what am I supposed to tell my mortgage company?"
• Carter, Tampa, FL "I have several tenants who are already not paying, although I believe it has nothing to do with the coronavirus. As I write this only about 20 people in our metro area have it. How do I proceed?"
• Suzanne, Villages of Ocala, FL "We live in a retirement community and along with our neighbors we are truly frightened. No one is going out. We are having food and supplies delivered and sanitizing the bags they come in before touching them. I can't help but wonder how America is going to cope. I love your show and enjoy your enthusiasm. I'm just wondering what your outlook is right now."

Tags:

A week ago I noted that nearly half of the newspaper and media stories were about the COVID-19 virus (and I’m going to try and stop using Corona virus out of respect for Corona Beer and Corona Cigars, neither of which had anything to do with this). This morning as I read the newspaper, 9 out of 10 stories were either about the pandemic or the effects of the pandemic. US cases as of today, March 19 exceed 10,000 and we have had 161 deaths. Not to be insensitive but to provide a little perspective, So far in 2020, the flu has hospitalized more than 250,000 and more than 14,000 have died. 

It’s staggering to see the entire American economy come to a grinding halt. Just today, San Francisco is shutting down the entire city for four weeks. Churches, restaurants, bars, and gyms across the country are not meeting. People are either working from home or not working. And the financial effects are being felt from Wall Street to Main Street. Those with good jobs are suddenly without work and are facing an imminent crisis when their cash runs out. 

How will they pay mortgage or rent? How will they buy food? How will they live? The government is stepping in. Congress has already passed two stimulus measures and they are working on more, more than $1 trillion in stimulus spending is planned and the White House has said they will do more if needed. FHA has called a moratorium on foreclosures and evictions from all FHA guaranteed loans for the duration of the crisis, At least three cities have already banned evictions and others are considering it. I’m immediately wondering two things.

1. How far up the food chain will the forgiveness for non-payment go? We can’t evict our tenants for non-payment, but without their rent, we may not be able to pay our mortgages. For those with free and clear rentals, that money may be our primary income. What will we do?
2. All of the social distancing is designed to protect the contagion from spreading. But this cannot last forever. When it DOES end, if only one person in the world is still contagious, what is to keep this from starting all over again? 

I believe the health experts are working on answers to the second question. Our purpose over the next little while is to try and address more of the economic questions, particularly with regard to real estate investors. 

My team and I will give 30 minutes of our time at no cost or obligation to help you take the next steps - or your first steps in your RE business. Go to bit.ly/talktoroger

Also, we have lowered the price of our entry level course, “Real Estate Investing Quick Start” to $97 for the duration of the crisis. bit.ly/requickstart

The Short-Term economic outlook.

The Long-Term impact

The Recovery time and process (once we hear the “all clear).

Question: Do you expect a quick snap-back due to growing pent up demand? (A V-shaped recovery?)

Stimulus package passed Wednesday afternoon: 2 weeks paid leave for employees. 

$1 Trillion stimulus package on the way.

FHA backed loans will not foreclose for at least 60 days. 

Other initiatives?

California stops evictions. Boston and New York considering. 

Question: Should these same municipalities spare the landlords from having to maintain properties and pay mortgages during this time? How far up the ladder should relief go?

Asset Classes for Discussion. How do you see each of these areas being impacted? And more importantly, what can people do who make their livelihoods here?

Single Family Fix and Flip

Single Family Rentals

Multi-Family Rentals

Short-Term Rentals

Other Real Estate Investing Strategies

General Questions:

What should each listener do right now? Your top 2 things

What opportunities are out there right now? 

What opportunities will be there when recovery is underway?

When the “all clear” is given, what is the optimal position for us to be in?

www.flippingamerica.net. 

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

RE QuickStart bit.ly/REquickstart 

• 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.

• 250,000 hospitalizations, 14,000+ deaths. The FLU, not Covid-19, 105 children have died. 6.8% of those contracting the flu will die. https://www.usnews.com/news/health-news/articles/2020-02-21/flu-season-thats-sickened-26-million-may-be-at-its-peak
• Mortality rate from Covid-19, 4.12% https://www.worldometers.info/coronavirus/
•  

• Many “If I can’t collect my rent, what am I supposed to tell my mortgage company?”
• Carter, Tampa, FL “I have several tenants who are already not paying, although I believe it has nothing to do with the coronavirus. As I write this only about 20 people in our metro area have it. How do I proceed?” 
• Suzanne, Villages of Ocala, FL “We live in a retirement community and along with our neighbors we are truly frightened. No one is going out. We are having food and supplies delivered and sanitizing the bags they come in before touching them. I can’t help but wonder how America is going to cope. I love your show and enjoy your enthusiasm. I’m just wondering what your outlook is right now.”

Tags: 

A couple of weeks ago in our show prep we came across a new way to buy houses with a company called FLEQ. I said at the time I wanted to get the founder, Todd Sherer, on the show. And today we are delivering on that. Todd has been around in the mortgage and finance business for many years and he has created a business model that I believe has a chance to fill a real need. Buyers can now buy a house without a mortgage, enjoy the benefits of homeownership but also have the flexibility to easily sell or move as life takes them where it does. Plus today I'm going to answer a question we've received probably over a hundred times - How can the average person figure out what a property is worth - or better yet, what it will be worth when they finish remodeling it. I'm going to tell you the process that I have followed for years. Also we have an important question today about pulling the trigger on your first deal.

www.RogerBlankenship.com. Leave a voicemail right from the home page!

Facebook.com/flippingamericamedia

Twitter and Instagram @FlippingAmerica

Call our National Comment Line: 404-369-1018, 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.

• Grady, Keyshawn, and 22 more, "How do I figure out what this property is really worth? What is the ARV? Do I just ask a realtor to figure it out for me?"
• Jessica, Akron, OH, "I have saved $40,000 to invest in a fix and flip. I've watched videos, attended a boot camp, and I see deals from time to time that fit all the criteria. But I'm having a hard time pulling the trigger. I know it's fear, but how do I overcome it?"

Comment Line calls and Questions

Call 404-369-1018, press 1 and leave your message!

A couple of weeks ago in our show prep we came across a new way to buy houses with a company called FLEQ. I said at the time I wanted to get the founder, Todd Sherer, on the show. And today we are delivering on that. Todd has been around in the mortgage and finance business for many years and he has created a business model that I believe has a chance to fill a real need. Buyers can now buy a house without a mortgage, enjoy the benefits of homeownership but also have the flexibility to easily sell or move as life takes them where it does. Plus today I’m going to answer a question we’ve received probably over a hundred times - How can the average person figure out what a property is worth - or better yet, what it will be worth when they finish remodeling it. I’m going to tell you the process that I have followed for years. Also we have an important question today about pulling the trigger on your first deal. 

www.RogerBlankenship.com. Leave a voicemail right from the home page!

Facebook.com/flippingamericamedia

Twitter and Instagram @FlippingAmerica

Call our National Comment Line: 404-369-1018, 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.

• Grady, Keyshawn, and 22 more, “How do I figure out what this property is really worth? What is the ARV? Do I just ask a realtor to figure it out for me?”
• Jessica, Akron, OH, “I have saved $40,000 to invest in a fix and flip. I’ve watched videos, attended a boot camp, and I see deals from time to time that fit all the criteria. But I’m having a hard time pulling the trigger. I know it’s fear, but how do I overcome it?”
  

Comment Line calls and Questions

Call 404-369-1018, press 1 and leave your message! 

If you're a regular listener to this show you know that I often ask my show guests what they really wanted to be when they grew up. My point behind this is to demonstrate that life doesn't always turn out like we planned, but people have often found a nice "Plan B" in the realm of real estate. Today's guest, Michael Green, saw a lite-nite infomercial with Carlton Sheets when he was thirteen years old and since that time, has wanted to be a real estate investor. He had some life detours - some BIG ones as you're going to hear in a few minutes. But he stayed with that dream and today he is one of the more prolific and successful real estate investors in America.

Now for the next part: Michael is in a tough area to do this business - Baltimore, MD. There are a lot of investors and it's either high price points or massive rehab budgets on mostly unsalvageable properties. At least that's the reputation. But Michael is living proof that in spite of personal circumstances, in the face of a very competitive marketplace, and against big odds, perseverance will win the day. His story is coming up in 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/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.

• Best Places inthe world to invest https://financesonline.com/real-estate-trends/
• In the category called "that's a stretch" https://www.cnbc.com/2020/02/12/mini-mortgage-refinance-boom-continues-as-coronavirus-keeps-rates-low.html
• Stay in style with today's tile. https://realestate.usnews.com/real-estate/slideshows/tile-trends-for-your-home-in-2020
• Remember - blame the dog! https://realestate.usnews.com/real-estate/articles/whats-that-smell-in-my-house
• The 2019 top FinTech companies, according to Forbes: https://www.housingwire.com/articles/forbes-names-most-innovative-fintech-companies-in-housing/
• It may be deceptive, but it's not going to stop. https://www.housingwire.com/articles/opendoor-and-redfin-expand-homebuying-partnership-to-nine-new-cities/

• Alison, "I own a few pizza franchises, so I know a few things about business and property leasing. I'm looking at buying some turn-key rentals vs. dropping some money into an apartment deal. A friend of mine is raising the money. The money looks better on the apartment deal, way better, but this would be my friend's first apartment project. I'm not necessarily trusting his numbers to be realistic. Can you offer some guidance as to what to look for?
• • Rent rolls and leases
  • P&L from last year - all expenses.
  • Repair estimates.
  • Think "actual income" not "potential income"

Comment Line calls and Questions

Call 404-369-1018, press 1 and leave your message!