Flipping America

Real Estate Investing is SO much more than single family homes. With all of the television shows regarding fixing up houses, it’s easy to forget there are other asset classes. 17% of the American population live in apartments. Apartment investing can be a terrific source of cash flow. Yes they are more expensive and yes the due diligence process is more involved, but it’s not that much more complicated than single family investing. Contrary to popular belief, you do not need to start with single family and “graduate” to apartments. It’s possible to start with apartments! Our guest today, Lance Edwards has been investing in multi-family for many years and now teaches people how to do it. He’s the author of “Big Profits in Small Apartments” and in today’s edition of Flipping America, you’ll learn how you can get your copy of this great book for free. 

Plus we will get to some of your questions today. We appreciate the questions - keep em coming!

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

• We normally meet every Wednesday and Thursday . No meetings in December. 
• 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.
• Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.  

• https://www.housingwire.com/articles/fha-fannie-mae-freddie-mac-are-all-now-backing-larger-loans/
• https://www.housingwire.com/articles/where-will-the-hottest-housing-markets-be-in-2020-go-south/
• https://www.housingwire.com/articles/u-s-construction-spending-rises-4-1-from-november-2018/
• https://www.housingwire.com/articles/mortgage-rates-start-2020-well-below-last-years-average/

Alphonso, Ringgold, GA, “I have a written a couple of contracts for flips and thought I had good deals, but the hard money lenders I spoke with wouldn’t fund them. They told me they weren’t good enough deals. Can you recommend a different hard money lender?”

Caroline, Huntsville, AL, “I just moved to Alabama from California. I have an LLC in California and own a couple of rentals in Utah. I’m about to start buying rentals in Alabama and Tennessee. Do I need to set up an LLC here?”

Ashraf, Long Beach, CA, “How does one find rental properties in another state? I do not wish to purchase in California.”

Marcus, Milwaukee, WI, “I’m following your lead bro. I just bought a house in Des Moines, IA. I need to get a few things fixed before I seller finance it to someone. How do I find someone over there?”

Dawson, Port St. Lucie, FL, “What is your opinion about buy and hold properties along the Atlantic coast? The money seems good, but I worry about hurricanes.”

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

Real estate investing is profitable, interesting, and can even be a little bit fun. What can enhance all of these feelings is to invest in real estate and not pay taxes on your profit. This is entirely possible, legal, and yes the IRS knows all about it. How can this be accomplished? The Self-Directed Roth IRA. You can set up a retirement account that invests in real estate - even if you already have a 401k or other retirement account at your job. And if you have an old 401k from a previous employer, you can convert that to a self-directed account that will allow you to invest in real estate. There are rules and limitations of course, but also a world of possibilities. Today I'm joined by Mike Ventry of American IRA. American IRA is one of the finest providers of this service in America and we will explain why shortly. Mike Ventry is one of the most knowledgeable and credible people in the industry and you'll see why in just a few minutes as he joins us.

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

• 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.

• https://www.forbes.com/sites/heathersenison/2020/01/07/five-questions-your-real-estate-agent-legally-cannot-answer/#104d90c41755
• https://www.marketwatch.com/story/5-ways-the-housing-market-will-surprise-us-all-in-2020-2020-01-13
• https://www.marketwatch.com/story/this-ghost-of-the-housing-bubble-still-haunts-the-home-mortgage-market-2020-01-15?ns=prod/accounts-mw
• https://www.corelogic.com/insights/loan-performance-insights-report.aspx?WT.mc_id=crlg_200114_vKK7e&elqTrackId=63a710eee054491d9c54bb6bfbfafd30&elq=23d266705b894df39dacaf96d897b7fa&elqaid=20681&elqat=1&elqCampaignId=11853
• https://www.corelogic.com/insights/home-price-index.aspx?WT.mc_id=crlg_200107_5yUEv
• https://www.housingwire.com/articles/former-fannie-mae-employee-gets-6-years-in-prison-for-making-1-million-on-shady-foreclosure-sales/?utm_campaign=Newsletter%20-%20HousingWire%20Daily&utm_source=hs_email&utm_medium=email&utm_content=81994043&_hsenc=p2ANqtz-8WxZmDKfR3cLEe-pL3xPhelL5iRcPY3XDcZ8cvpMyD5pZ4mKPOZit8EVco1IA_K8ErCCZpBoN44LSvqWpDAVaZojW9qxQotQUMDpIbldVDZOl7nOo&_hsmi=81994043

Alison, Pittsburgh, PA, "I'm having such a hard time finding a deal. It seems like every wholesaler is just charging whatever they want and getting it. What would you suggest?"

Kurt, Anderson, IN, "I've accumulated a bit of cash ($200,000) and want to put it into something but I don't want the hassle of rentals. Any suggestions?"

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

• "Being realistic is the most commonly traveled road to mediocrity." Will Smith

Real estate investing is profitable, interesting, and can even be a little bit fun. What can enhance all of these feelings is to invest in real estate and not pay taxes on your profit. This is entirely possible, legal, and yes the IRS knows all about it. How can this be accomplished? The Self-Directed Roth IRA. You can set up a retirement account that invests in real estate - even if you already have a 401k or other retirement account at your job. And if you have an old 401k from a previous employer, you can convert that to a self-directed account that will allow you to invest in real estate. There are rules and limitations of course, but also a world of possibilities. Today I’m joined by Mike Ventry of American IRA. American IRA is one of the finest providers of this service in America and we will explain why shortly. Mike Ventry is one of the most knowledgeable and credible people in the industry and you’ll see why in just a few minutes as he joins us. 

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

• 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.

• https://www.forbes.com/sites/heathersenison/2020/01/07/five-questions-your-real-estate-agent-legally-cannot-answer/#104d90c41755
• https://www.marketwatch.com/story/5-ways-the-housing-market-will-surprise-us-all-in-2020-2020-01-13
• https://www.marketwatch.com/story/this-ghost-of-the-housing-bubble-still-haunts-the-home-mortgage-market-2020-01-15?ns=prod/accounts-mw
• https://www.corelogic.com/insights/loan-performance-insights-report.aspx?WT.mc_id=crlg_200114_vKK7e&elqTrackId=63a710eee054491d9c54bb6bfbfafd30&elq=23d266705b894df39dacaf96d897b7fa&elqaid=20681&elqat=1&elqCampaignId=11853
• https://www.corelogic.com/insights/home-price-index.aspx?WT.mc_id=crlg_200107_5yUEv
• https://www.housingwire.com/articles/former-fannie-mae-employee-gets-6-years-in-prison-for-making-1-million-on-shady-foreclosure-sales/?utm_campaign=Newsletter%20-%20HousingWire%20Daily&utm_source=hs_email&utm_medium=email&utm_content=81994043&_hsenc=p2ANqtz-8WxZmDKfR3cLEe-pL3xPhelL5iRcPY3XDcZ8cvpMyD5pZ4mKPOZit8EVco1IA_K8ErCCZpBoN44LSvqWpDAVaZojW9qxQotQUMDpIbldVDZOl7nOo&_hsmi=81994043

Alison, Pittsburgh, PA, “I’m having such a hard time finding a deal. It seems like every wholesaler is just charging whatever they want and getting it. What would you suggest?”

Kurt, Anderson, IN, “I’ve accumulated a bit of cash ($200,000) and want to put it into something but I don’t want the hassle of rentals. Any suggestions?”

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

• “Being realistic is the most commonly traveled road to mediocrity.” Will Smith

Welcome to 2020! It's that time of year when people make resolutions, set goals, and determine that "this time things are going to be different." Some of you are older, wiser and maybe a bit more cynical. You have long ago realized that making New Years' resolutions is just another way to set yourself up for failure, disappointment, and guilt. So let's just not do that. Today I'm going to cover: More Than Goal Setting - Goal DOING.

Welcome to 2020! It’s that time of year when people make resolutions, set goals, and determine that “this time things are going to be different.” Some of you are older, wiser and maybe a bit more cynical. You have long ago realized that making New Years’ resolutions is just another way to set yourself up for failure, disappointment, and guilt. So let’s just not do that. Today I’m going to cover: More Than Goal Setting - Goal DOING.

For the past few shows I've been looking back over 2019 and looking ahead to 2020. I hope you've enjoyed the thorough research, astute observations and keen insights. But hey, I'm not the only one thinking about these things. Today I'm joined by a handful of people whose opinions I respect. Gordon Catts has been in this industry since 1970 and has done every possible thing in real estate you can do. John Durham is one of the leading real estate brokers in the Atlanta area. Jeff Holst is an accomplished multi-family investor. They will join me in looking back at some of the big real estate stories of 2019 and tell us what they think the big stories will be in 2020.

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

• We normally meet every Wednesday and Thursday but we are done for the holidays. No meetings in December.
• 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.
• Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.

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

• "You rarely have time for everything you want in this life, so you need to make choices. And hopefully your choices can come from a deep sense of who you are." - Mr. Rogers

For the past few shows I’ve been looking back over 2019 and looking ahead to 2020. I hope you’ve enjoyed the thorough research, astute observations and keen insights. But hey, I’m not the only one thinking about these things. Today I’m joined by a handful of people whose opinions I respect. Gordon Catts has been in this industry since 1970 and has done every possible thing in real estate you can do. John Durham is one of the leading real estate brokers in the Atlanta area. Jeff Holst is an accomplished multi-family investor. They will join me in looking back at some of the big real estate stories of 2019 and tell us what they think the big stories will be in 2020.

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

• We normally meet every Wednesday and Thursday but we are done for the holidays. No meetings in December. 
• 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.
• Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.  

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

• "You rarely have time for everything you want in this life, so you need to make choices. And hopefully your choices can come from a deep sense of who you are." - Mr. Rogers

2019 has been interesting and it's hard to believe it's already over, but it's time for us to pull the cover off our crystal ball and share with you what we see coming in 2020. We do that today with my TOP TEN Real Estate Investing predictions for 2020.

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

FlipCalcs: One data set, multiple possibilities

Flipping America REIA. National REIA, local focus.

• We normally meet every Wednesday and Thursday but we are done for the holidays. No meetings in December.
• 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.
• Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.

Another City Is Paying Newcomers to Move There

https://magazine.realtor/daily-news/2019/12/17/another-city-is-paying-newcomers-to-move-there

Residential Construction To 'Increase Substantially' Come 2020

https://www.forbes.com/sites/alyyale/2019/12/18/residential-construction-to-increase-substantially-come-2020/#3fc0dc7f41ff

in 2020

https://www.nreionline.com/hotel/hotel-sector-looks-poised-another-strong-performance-2020

These Markets Will Be the Best Bets for Multifamily Investments in 2020

https://www.nreionline.com/multifamily/these-markets-will-be-best-bets-multifamily-investments-2020

The Nine Most Resilient U.S. Office Markets

https://www.nreionline.com/office/nine-most-resilient-us-office-markets

Recap: The Big Stories of 2019

1. SALT deduction above 10k affects sales of expensive properties
2. Luxury market already losing speed - getting back to normal.
3. Sub-luxury still hot. Lack of inventory, strong resales.
4. Chronic shortage of new housing starts, especially in starter home category.
5. iBuyers make a splash.
6. Class-Action Suit against the NAR. (the story that wasn't. Almost no impact in brokers' daily lives)
7. Rent controls. Oregon and California. U.S. next?
8. House Flipping at an all time high in 2018 (10% of all homes sold). Back down to around 5% in 2019. House Flipping profits are at a 10 year low.
9. Zillow is about to become the Google of real estate. If they ever turn an actual profit, watch out!
10. Smart home technology comes of age.

2020 Predictions

1. Housing inventory shortage will continue, particularly in starter home class.
2. 1. Hopeful signs: New home permits up in the 4th quarter 2019.
3. Millennials and now older Gen Z's will buy homes, keeping housing market stable
4. Coastal markets will see flattening of prices, reductions in LA, San Fran, Seattle, NYC, Miami, Boston
   1. Wholesaling in Illinois. Jan 1, wholesalers must be licensed realtors.
   2. Rent controls
   3. Forced shelter for homeless in new construction - Portland.
5. Looming government interference
   1. Oregon and California, now New York
   2. Illinois
   3. Nationwide?
6. Interest rates to remain low, may see all-time low mortgage rates.
   1. Lending guidelines remain tight
   2. Default and foreclosure rates remain at all-time low rates.
   3. Low inventory gives no incentives to loosen lending guidelines.
7. No housing crisis in the next six months. Low probability of housing crisis in the next two years.
   1. Exceptional markets down - aformentioned coastal areas plus Chicago, St. Louis and Kansas City. down 1-3%.
   2. Exceptional markets up - 3.5-4% gains
8. Nationwide, prices will tend toward on pace with inflation - 2.8-3.2%
   1. Billings and Missoula, MT,
   2. Sioux Falls and Rapid City,
   3. SD Tampa, FL,
   4. Memphis,
   5. Raleigh-Durham, NC,
   6. Mobile, AL,
   7. Huntsville, AL,
   8. Columbus, GA
   9. Chattanooga, TN
   10. Tuscon, AZ
   1. Lower profits
   2. Weeding out process - many will leave the business altogether.
9. House flipping markets will become more efficient in major cities.
   1. AirBnB
   2. Self-Storage
   3. Seller Financing Inexpensive Houses
10. Alternative small investor strategies will catch fire in 2020.
11. Overall Housing market will resume its rightful position in the economy - a relatively minor player.
12. Retail brick and mortar will struggle. Increased vacancies and store closures.
13. iBuyers will all raise new money and increase areas of operations. None will turn a profit.
14. If Trump is re-elected, Fannie Mae and Freddie Mac will announce plans to go private with an IPO in 2021.
15. Private solutions for affordable housing will begin to make headlines. According to the Economic Innovation Group (EIG), "as of October 2, 2019, 115 listed funds have identified affordable and workforce housing, as well as community revitalization, among their investment priorities—a nearly four-fold increase since the beginning of 2019." Most of these developments are focused on providing affordable housing for wage earners who make around 40% to 70% of the area median income.
16. Opportunity Zone investments will lessen in 2020, but it won't be over. the best OZ deals may be found in 2020.

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

• "Often out of periods of losing come the greatest strivings toward a new winning streak." - Mr. Rogers

2019 has been interesting and it’s hard to believe it’s already over, but it’s time for us to pull the cover off our crystal ball and share with you what we see coming in 2020. We do that today with my TOP TEN Real Estate Investing predictions for 2020. 

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

FlipCalcs: One data set, multiple possibilities

Flipping America REIA. National REIA, local focus.

• We normally meet every Wednesday and Thursday but we are done for the holidays. No meetings in December. 
• 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.
• Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.  

Another City Is Paying Newcomers to Move There

https://magazine.realtor/daily-news/2019/12/17/another-city-is-paying-newcomers-to-move-there

Residential Construction To ‘Increase Substantially’ Come 2020

https://www.forbes.com/sites/alyyale/2019/12/18/residential-construction-to-increase-substantially-come-2020/#3fc0dc7f41ff 

 in 2020

https://www.nreionline.com/hotel/hotel-sector-looks-poised-another-strong-performance-2020

These Markets Will Be the Best Bets for Multifamily Investments in 2020

https://www.nreionline.com/multifamily/these-markets-will-be-best-bets-multifamily-investments-2020

The Nine Most Resilient U.S. Office Markets

https://www.nreionline.com/office/nine-most-resilient-us-office-markets

Recap: The Big Stories of 2019

1. SALT deduction above 10k affects sales of expensive properties
2. Luxury market already losing speed - getting back to normal.
3. Sub-luxury still hot. Lack of inventory, strong resales. 
4. Chronic shortage of new housing starts, especially in starter home category.
5. iBuyers make a splash.
6. Class-Action Suit against the NAR. (the story that wasn’t. Almost no impact in brokers’ daily lives)
7. Rent controls. Oregon and California. U.S. next?
8. House Flipping at an all time high in 2018 (10% of all homes sold). Back down to around 5% in 2019. House Flipping profits are at a 10 year low.
9. Zillow is about to become the Google of real estate. If they ever turn an actual profit, watch out!
10. Smart home technology comes of age.

2020 Predictions

1. Housing inventory shortage will continue, particularly in starter home class. 
2. 1. Hopeful signs: New home permits up in the 4th quarter 2019.
3. Millennials and now older Gen Z’s will buy homes, keeping housing market stable
4. Coastal markets will see flattening of prices, reductions in LA, San Fran, Seattle, NYC, Miami, Boston
   1. Wholesaling in Illinois. Jan 1, wholesalers must be licensed realtors. 
   2. Rent controls
   3. Forced shelter for homeless in new construction - Portland. 
5. Looming government interference
   1. Oregon and California, now New York
   2. Illinois
   3. Nationwide?
6. Interest rates to remain low, may see all-time low mortgage rates.
   1. Lending guidelines remain tight
   2. Default and foreclosure rates remain at all-time low rates. 
   3. Low inventory gives no incentives to loosen lending guidelines. 
7. No housing crisis in the next six months. Low probability of housing crisis in the next two years. 
   1. Exceptional markets down - aformentioned coastal areas plus Chicago, St. Louis and Kansas City. down 1-3%. 
   2. Exceptional markets up - 3.5-4% gains
8. Nationwide, prices will tend toward on pace with inflation - 2.8-3.2%
   1. Billings and Missoula, MT, 
   2. Sioux Falls and Rapid City, 
   3. SD Tampa, FL, 
   4. Memphis, 
   5. Raleigh-Durham, NC, 
   6. Mobile, AL, 
   7. Huntsville, AL, 
   8. Columbus, GA
   9. Chattanooga, TN
   10. Tuscon, AZ
   1. Lower profits
   2. Weeding out process - many will leave the business altogether. 
9. House flipping markets will become more efficient in major cities. 
   1. AirBnB
   2. Self-Storage
   3. Seller Financing Inexpensive Houses
10. Alternative small investor strategies will catch fire in 2020.
11. Overall Housing market will resume its rightful position in the economy - a relatively minor player. 
12. Retail brick and mortar will struggle. Increased vacancies and store closures.
13. iBuyers will all raise new money and increase areas of operations. None will turn a profit. 
14. If Trump is re-elected, Fannie Mae and Freddie Mac will announce plans to go private with an IPO in 2021.
15. Private solutions for affordable housing will begin to make headlines. According to the Economic Innovation Group (EIG), "as of October 2, 2019, 115 listed funds have identified affordable and workforce housing, as well as community revitalization, among their investment priorities—a nearly four-fold increase since the beginning of 2019." Most of these developments are focused on providing affordable housing for wage earners who make around 40% to 70% of the area median income.
16. Opportunity Zone investments will lessen in 2020, but it won’t be over. the best OZ deals may be found in 2020.

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

• "Often out of periods of losing come the greatest strivings toward a new winning streak." - Mr. Rogers

Today we continue the Market Report with an in-depth look at the housing market. What happened 2019? What are the stories that will shape the housing market in 2020? What changes are taking place in the home reselling industry. The news segment today will bring you up to date with the latest in the housing market and in the second half of the show I'm going to share with you my top Ten real estate stories of 2019.

• www.RogerBlankenship.com. Leave a voicemail right from the home page!
• Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question.
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Flipping America REIA, a National REIA with a Local Focus

• We normally meet every Wednesday and Thursday but we are done for the holidays. No meetings in December.
• Coming in 2020: The Flipping America REIA.
• • 45 Weeks, 2 meetings per week.
  • 15-20 minutes of focused content unavailable to the general public.
  • 15-20 minutes of real estate and small business Q&A.
  • Wednesdays 12-2, Thursdays 7-9.
  • Local groups all over America joining the videocast at 1 and/or 8.
• We have three apps in the app store: Flipping America is the app where you can listen to the show. The Flipping America Network is where you can buy and sell investment properties. And Property Grade allows you to evaluate properties using the proprietary Flipping America Property Grade algorithm. Answer 10 questions about the deal and immediately learn what you can expect to make the ROI, the ROC and see a letter grade for the property.

Real Estate Wins in Government Spending Bills

https://magazine.realtor/daily-news/2019/12/17/real-estate-wins-in-government-spending-bills

Home Flipping Is Losing Fans https://magazine.realtor/daily-news/2019/12/17/home-flipping-is-losing-fans

Home Flipping Activity in U.S. Drops 13 Percent in Q3

https://www.worldpropertyjournal.com/real-estate-news/united-states/irvine/attom-data-solutions-2019-us-home-flipping-report-real-estate-news-home-flipping-data-bank-foreclosure-sales-maksim-stavinsky-roc-capital-11718.php

Housing is in the middle of an inventory crisis. Here's why

https://www.housingwire.com/articles/housing-is-in-the-middle-of-an-inventory-crisis-heres-why/

House Federal Funding Legislation Brings Certainty, Stability to Housing Market https://www.nar.realtor/newsroom/house-federal-funding-legislation-brings-certainty-stability-to-housing-market

America's housing market is coming back to life just in time to boost the 2020 economy

https://www.cnn.com/2019/12/17/economy/housing-market-economy-2020/index.html

US housing starts rise more than expected, with permits at a 12-1/2-year high

https://www.cnbc.com/2019/12/17/us-housing-starts-building-permits-november-2019.html

Homebuilder confidence jumps to highest level in 20 years

https://www.cnbc.com/2019/12/16/homebuilder-confidence-jumps-to-highest-level-in-20-years.html

The Big Housing Stories in 2019

1. SALT deduction above 10k affects sales of expensive properties
2. Luxury market already losing speed - getting back to normal.
3. Sub-luxury still hot. Lack of inventory, strong resales.
4. Chronic shortage of new housing starts, especially in starter home category.
5. iBuyers make a splash.
6. Class-Action Suit against the NAR. (the story that wasn't. Almost no impact in brokers' daily lives)
   1. Government interference to solve a government-caused problem. Why are rents so high? A central driver of higher home prices in some communities is the heavy regulation of housing markets by localities. This includes "overly restrictive zoning and growth management controls; rent controls; cumbersome building and rehabilitation codes; excessive energy and water efficiency mandates; unreasonable maximum-density allowances; historic preservation requirements; overly burdensome wetland or environmental regulations; outdated manufactured-housing regulations and restrictions; undue parking requirements; cumbersome and time-consuming permitting and review procedures; tax policies that discourage investment or reinvestment; overly complex labor requirements; and inordinate impact or developer fees."
   2. Based on an assumption that investors will act in a manner detrimental to their own self-interest. As long as there are greener pastures and easier places to do business investors will go there. This creates shortages in the places they leave behind.
   3. Creates advantages for those presently in place.
   4. Creates shortages and disadvantage for everyone else.
   5. LA has had rent controls (1978) - and 60,000 homeless.
   6. Washington DC has rent controls (1985) and the largest per capita homeless rate on the east coast.
7. Rent controls. Oregon and California. U.S. next?
8. House Flipping at an all time high in 2018 (10% of all homes sold). Back down to around 5% in 2019. House Flipping profits are at a 10 year low.
   1. Ad sales
   2. Buyer program
   3. Agent referrals
   4. Mortgage company
   5. Other services (title company, moving services)..
9. Zillow is about to become the Google of real estate. If they ever turn an actual profit, watch out!
   1. Many options
   2. Affordable - thanks to competition
10. Smart home technology comes of age.

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• "Love and success, always in that order. It's that simple AND that difficult." -Mr. Rogers