Flipping America

It’s Q&A time again! We are going to devote a good bit of today’s show to answering your questions. If you have a question about real estate or real estate investing, we promise we will either answer it or if we don’t know, we will get an answer for you. You have a lot of options when it comes to asking a question. Most of you email to [email protected]. Occasionally people will leave a question at our national comment line, 404-369-1018. Now you can leave a voicemail for me at my website, rogerblankenship.com. And you can always send us a question through social media. I don’t tend to see those right away, but whenever we get a question about real estate we answer it. We are not going to do your homework or your research for you, but we will go off of the numbers you provide and tell you whether we would do the deal. So sure, we will tell you whether it sounds like a deal will work. But there are always other types of questions as well, as you’re about to hear. So don’t be shy -- reach out with your question. 

Start your new year off with a Boost and a Bang in your real estate career. FlipStarter Atlanta is January 11-12th. Tickets will go on sale next week and we will have some type of early bird pricing I’m sure. 

www.RogerBlankenship.com

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

• Lunch with me every Wednesday. Baraonda
• My latest article in Forbes is out. bit.ly/findredeals.
• The FAN is here!
• Would you like to invest in the Flipping America projects across the country? Coming soon you will be able to for as little as $100. That’s right, Flipping America is partnering with Ground Floor Funding to create a crowd-funded platform where you can invest in the deals we are doing here. The fund will pay out a 8% preferred rate of return and can go as high as 16%. You can make money with me, the Flipping America Guy. 
• 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.  

News:

• David Burt is at it again.
  https://www.inman.com/2019/11/04/this-big-short-investor-is-betting-against-mortgage-market-again/
• I know you’ve been talking about this at the networking events, but what’s a non-QM bond, and why is this important?
  https://www.bloomberg.com/news/articles/2019-11-04/risky-mortgage-bonds-are-back-and-delinquencies-are-piling-up
• https://www.chicagotribune.com/real-estate/ct-re-condo-deconversion-1110-20191104-qluzf5donvende6k56orv3ebwu-story.html
• FTC Cracks Down on Real Estate Seminar Scams

https://magazine.realtor/daily-news/2019/11/07/ftc-cracks-down-on-real-estate-seminar-scams

• Airbnb Vows to Verify All Listings Posted at Its Site

https://magazine.realtor/daily-news/2019/11/07/airbnb-vows-to-verify-all-listings-posted-at-its-site 

• Low U.S. Interest Rates Are Fueling a Bubble in Commercial Real Estate https://www.nreionline.com/finance-investment/low-us-interest-rates-are-fueling-bubble-commercial-real-estate

• Hank, Portland, OR, “Glad I found your show. I’ve enjoyed listening. I’m sure you’ve heard this a million times, but I would like to know you opinion on the best way to get started in this business.
• Becca, Milwaukee, WI “I’m looking at a deal that just by the numbers looks like a good deal. But when I look at the house it just doesn’t feel right. My boyfriend tells me I should trust the numbers but my realtor kind of agrees with me - it just an ugly house situation on a weird lot. Am I missing an opportunity if I say no to this?
• Sandy, Chattanooga TN, “I have an opportunity to buy a rental house in a gentrifying neighborhood just south of downtown. Although it’s improving, the schools there are are still terrible and crime is high. The house would yield 2% per month in rents. But I’m hesitant. Can you help me think about this?”
• Roy, Baltimore, MD, “My partner and I have been offered six row houses - the entire block for $5,000. They are all vacant and need a lot of work, and I know there are a lot of vacant homes around. But if we controlled the entire block, it seems like we shouldn’t pass it up. Our plan would be to fix them and rent them out until the neighborhood comes back, then sell. Your thoughts?”
• Gary, Harrisburg, PA, “I was driving to Philly the other day and was surfing radio stations until I came across your show. Interesting stuff. I’ve been thinking about buying some rentals for side income. Can you give me some pointers on how to find something good in Harrisburg?
• Jackie, Villages of Ocala, “My husband and I own 25 rental properties back in Michigan where we are from. We are thinking of selling them and using the money to buy similar inventory here in Florida. There’s no income tax here and we think we would do better. But although we live here now, we are new here and not that familiar with property in Florida. It’s hard to give up something that works for something that might work a little better. We’d like you to weigh in.”
• Lupe, Boulder, CO, “I heard you mention that you love working with Realtors. Please explain why. It seems like they get paid a lot for doing nothing. I mean, it’s not that hard to list a property.”
• Bernita, Macon, GA, “Is there any way to tell whether or not you need a new roof without getting up on it? I don’t want to climb on a roof.”

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

• “The definition of ‘luck’ is when preparation meets opportunity.” --Anonymous

We love American IRA and we love self-directed IRA investing. If you haven't already done so, check out their website today - even right now while you're listening to the podcast. I know you ladies out there can do this. I'm pretty sure the guys will have to choose looking at the website or really listening - I know I can't seem to do both. Now THAT's a great way to get in trouble right from the beginning of the show!

As much as I love self-directed IRA investing I have run into a couple of challenges. The first one was the limitation of contribution - around $5000 per year for most people. The second was the ELIMINATION of contributions. I got a note from my custodian telling me I made too much money and couldn't contribute any more. Folks, when enterprising entrepreneurs get news like this we don't just shut down. We find other ways to make our goals happen.

Enter the Solo-K and our guest today.

Dmitriy Fomichenko is the founder and president of Sense Financial Services LLC, a boutique financial firm specializing in self-directed retirement accounts with checkbook control. He began his career in financial planning and real estate investing in 2000. He owns multiple investment properties in various states and is a licensed California Real Estate Broker. Over the years, he has taught hundreds of investment and financial planning seminars and has mentored thousands of investors.

Sense Financial Services was inspired by a series of conversations Dmitriy had with his mentors in the real estate investor business. While many were exceedingly successful in their real estate investments, their retirement accounts were losing money. This conundrum prompted Dmitriy to spend several months consulting with industry experts and researching the powerful concept of employing self-directed retirement accounts for investment purposes. Integrating his knowledge of how to successfully manage self-directed IRAs and 401ks with his expertise as an investor and mentor, Dmitriy began consulting individual investors on how to put more thought and diligence into their retirement and investment planning.

Dmitriy founded Sense Financial Services to help his clients maximize their returns on investments while protecting their hard-earned money. He is very passionate about helping families and individuals achieve financial freedom by following proven Biblical principles of financial planning and investing.

Dmitriy resides in Southern California with his wife and 13-year old daughter. In his spare time, he enjoys studying systematic theology, spending time with his family and visiting new places.

He's coming up in a bit. Also today we are going to tell you the current hottest housing market in the United States. And if you've been following me on social media you know I've been talking about the housing market and the uptick in non-QM bond sales. Over the weekend I saw a headline, "Fannie Mae official accidently lets the news slip about the next housing crash." So what's going on in the real estate market? Is it panic time? The answer to that is "no, it's NEVER panic time."

www.RogerBlankenship.com

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

Domains.com: bit.ly/GetaSite

• Lunch with me every Wednesday. Baraonda
• My latest article in Forbes is out. bit.ly/findredeals.
• The FAN is here!
• Would you like to invest in the Flipping America projects across the country? Coming soon you will be able to for as little as $100. That's right, Flipping America is partnering with Ground Floor Funding to create a crowd-funded platform where you can invest in the deals we are doing here. The fund will pay out a 8% preferred rate of return and can go as high as 16%. You can make money with me, the Flipping America Guy.
• 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.

News:

• The nation's hottest market for flipping houses?https://www.housingwire.com/articles/hottest-home-flipping-market/?utm_campaign=Newsletter%20-%20HousingWire%20Daily&utm_source=hs_email&utm_medium=email&utm_content=78048718&_hsenc=p2ANqtz-8KPulsPrFNnJ_2Pgol9HGkwqrLdGkCqfRV0ygk1stGEzWEPx55W-hTBSuEI-AUAkpYxiBCXKkA4L_MgGoGEtqPOChcr6KX7ucqYdPe5DvyeVFYm5I&_hsmi=78048718
• One of our key indicators is the foreclosure rate. Here's a new report from HousingWire. https://www.housingwire.com/articles/u-s-foreclosure-rate-drops-to-20-year-low/?utm_campaign=Newsletter%20-%20HousingWire%20Daily&utm_source=hs_email&utm_medium=email&utm_content=78115035&_hsenc=p2ANqtz--0m3octmb_tWFSSE6NdvpMbSqUyGY4rTYW6MVE5cmwcOiGYftkVUom6pHy2X5yLA3DQCgkf2Aa3-UHv5fqMInOdQDJCB-yeYOkXDLxksFd4EPxYFs&_hsmi=78115035
• We have a story about wording changes on the new Uniform Residential Loan Application.https://www.housingwire.com/articles/exclusive-senate-democrats-call-on-fhfa-to-undo-changes-to-new-uniform-residential-loan-application/?utm_campaign=Newsletter%20-%20HousingWire%20Daily&utm_source=hs_email&utm_medium=email&utm_content=78217468&_hsenc=p2ANqtz-_Rv5w9t92jAxVXG-ggCc_AvIX_r-rTqyJXEdp2pghtOEIQU3AFKUwUYjbkSOEl8lVPUh-Y7e6F_9mcNUlIG1NJy1xvY3zTVSF8JNWwr-6gBC78krg&_hsmi=78217468
• Here's the headline: The hidden housing problem: There just aren't enough houses on the market. https://www.housingwire.com/articles/the-hidden-housing-problem-there-just-arent-enough-houses-on-the-market/?utm_campaign=Newsletter%20-%20HousingWire%20Daily&utm_source=hs_email&utm_medium=email&utm_content=78232269&_hsenc=p2ANqtz-9wMYfJLXPW7AQB7rqBxT07zrFlwm7uz-hZMdyzt3E9A0gOhaJIHfc1xzmvQ7FL1h_1WOmqYxm7Ey5I0tGRhEx8qA6_LPTqpXaLWbrTCIoGNWgzxKM&_hsmi=78232269 Roger's comment: There are many reasons to explain a slowdown in home purchases or new loan applications. It's not an automatic link to the current interest rate and in fact it almost certainly is NOT a factor. Supply of available housing is a much more likely candidate for the blame.

Show Guest: Dimitriy Fomichenko

https://www.sensefinancial.com/

https://www.linkedin.com/in/dfomichenko/

https://www.facebook.com/dfomichenko

• Debbie, Brookfield, WI, "Someone told me I should be using social media in my business. That seems to make sense but I have no idea how to proceed."
• Georgia, Clearwater FL, "Why is the 1% rule a rule? What's the thinking?"
• Natalie, Alexandria, VA "Does it seem reasonable that I could buy a nice house that just needs updating and make a profit? There are lots of those around here I could buy in the 300s, fix up for about 50 and sell in the 600s. This sounds a little too good to be true, so I thought I would reach out for your thoughts."

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

• "No Masterpiece was ever created by a lazy artist." --Anonymous

We love American IRA and we love self-directed IRA investing. If you haven’t already done so, check out their website today - even right now while you’re listening to the podcast. I know you ladies out there can do this. I’m pretty sure the guys will have to choose looking at the website or really listening - I know I can’t seem to do both. Now THAT’s a great way to get in trouble right from the beginning of the show! 

As much as I love self-directed IRA investing I have run into a couple of challenges. The first one was the limitation of contribution - around $5000 per year for most people. The second was the ELIMINATION of contributions. I got a note from my custodian telling me I made too much money and couldn’t contribute any more. Folks, when enterprising entrepreneurs get news like this we don’t just shut down. We find other ways to make our goals happen. 

Enter the Solo-K and our guest today. 

Dmitriy Fomichenko is the founder and president of Sense Financial Services LLC, a boutique financial firm specializing in self-directed retirement accounts with checkbook control.  He began his career in financial planning and real estate investing in 2000. He owns multiple investment properties in various states and is a licensed California Real Estate Broker. Over the years, he has taught hundreds of investment and financial planning seminars and has mentored thousands of investors.

Sense Financial Services was inspired by a series of conversations Dmitriy had with his mentors in the real estate investor business.  While many were exceedingly successful in their real estate investments, their retirement accounts were losing money. This conundrum prompted Dmitriy to spend several months consulting with industry experts and researching the powerful concept of employing self-directed retirement accounts for investment purposes. Integrating his knowledge of how to successfully manage self-directed IRAs and 401ks with his expertise as an investor and mentor, Dmitriy began consulting individual investors on how to put more thought and diligence into their retirement and investment planning.

Dmitriy founded Sense Financial Services to help his clients maximize their returns on investments while protecting their hard-earned money. He is very passionate about helping families and individuals achieve financial freedom by following proven Biblical principles of financial planning and investing.

Dmitriy resides in Southern California with his wife and 13-year old daughter.  In his spare time, he enjoys studying systematic theology, spending time with his family and visiting new places.

He’s coming up in a bit. Also today we are going to tell you the current hottest housing market in the United States. And if you’ve been following me on social media you know I’ve been talking about the housing market and the uptick in non-QM bond sales. Over the weekend I saw a headline, “Fannie Mae official accidently lets the news slip about the next housing crash.” So what’s going on in the real estate market? Is it panic time? The answer to that is “no, it’s NEVER panic time.”

www.RogerBlankenship.com

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

Domains.com: bit.ly/GetaSite

• Lunch with me every Wednesday. Baraonda
• My latest article in Forbes is out. bit.ly/findredeals.
• The FAN is here!
• Would you like to invest in the Flipping America projects across the country? Coming soon you will be able to for as little as $100. That’s right, Flipping America is partnering with Ground Floor Funding to create a crowd-funded platform where you can invest in the deals we are doing here. The fund will pay out a 8% preferred rate of return and can go as high as 16%. You can make money with me, the Flipping America Guy. 
• 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.  

News:

• The nation’s hottest market for flipping houses?
  https://www.housingwire.com/articles/hottest-home-flipping-market/?utm_campaign=Newsletter%20-%20HousingWire%20Daily&utm_source=hs_email&utm_medium=email&utm_content=78048718&_hsenc=p2ANqtz-8KPulsPrFNnJ_2Pgol9HGkwqrLdGkCqfRV0ygk1stGEzWEPx55W-hTBSuEI-AUAkpYxiBCXKkA4L_MgGoGEtqPOChcr6KX7ucqYdPe5DvyeVFYm5I&_hsmi=78048718
• One of our key indicators is the foreclosure rate. Here’s a new report from HousingWire.
  https://www.housingwire.com/articles/u-s-foreclosure-rate-drops-to-20-year-low/?utm_campaign=Newsletter%20-%20HousingWire%20Daily&utm_source=hs_email&utm_medium=email&utm_content=78115035&_hsenc=p2ANqtz--0m3octmb_tWFSSE6NdvpMbSqUyGY4rTYW6MVE5cmwcOiGYftkVUom6pHy2X5yLA3DQCgkf2Aa3-UHv5fqMInOdQDJCB-yeYOkXDLxksFd4EPxYFs&_hsmi=78115035
• We have a story about wording changes on the new Uniform Residential Loan Application.
  https://www.housingwire.com/articles/exclusive-senate-democrats-call-on-fhfa-to-undo-changes-to-new-uniform-residential-loan-application/?utm_campaign=Newsletter%20-%20HousingWire%20Daily&utm_source=hs_email&utm_medium=email&utm_content=78217468&_hsenc=p2ANqtz-_Rv5w9t92jAxVXG-ggCc_AvIX_r-rTqyJXEdp2pghtOEIQU3AFKUwUYjbkSOEl8lVPUh-Y7e6F_9mcNUlIG1NJy1xvY3zTVSF8JNWwr-6gBC78krg&_hsmi=78217468
• Here’s the headline: The hidden housing problem: There just aren’t enough houses on the market.
  https://www.housingwire.com/articles/the-hidden-housing-problem-there-just-arent-enough-houses-on-the-market/?utm_campaign=Newsletter%20-%20HousingWire%20Daily&utm_source=hs_email&utm_medium=email&utm_content=78232269&_hsenc=p2ANqtz-9wMYfJLXPW7AQB7rqBxT07zrFlwm7uz-hZMdyzt3E9A0gOhaJIHfc1xzmvQ7FL1h_1WOmqYxm7Ey5I0tGRhEx8qA6_LPTqpXaLWbrTCIoGNWgzxKM&_hsmi=78232269
  Roger’s comment: There are many reasons to explain a slowdown in home purchases or new loan applications. It’s not an automatic link to the current interest rate and in fact it almost certainly is NOT a factor. Supply of available housing is a much more likely candidate for the blame.

Show Guest: Dimitriy Fomichenko

https://www.sensefinancial.com/ 

https://www.linkedin.com/in/dfomichenko/

https://www.facebook.com/dfomichenko 

• Debbie, Brookfield, WI, “Someone told me I should be using social media in my business. That seems to make sense but I have no idea how to proceed.”
• Georgia, Clearwater FL, “Why is the 1% rule a rule? What’s the thinking?”
• Natalie, Alexandria, VA “Does it seem reasonable that I could buy a nice house that just needs updating and make a profit? There are lots of those around here I could buy in the 300s, fix up for about 50 and sell in the 600s. This sounds a little too good to be true, so I thought I would reach out for your thoughts.”

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

• “No Masterpiece was ever created by a lazy artist.” --Anonymous

There are a number of websites you can visit to get community information when doing your research on a property. We will review 18 of them. them today coming up. Plus we are going to talk a bit about student loan debt. As a free service I'll be sharing with you the ONE big tip to reduce or eliminate student loan debt. During this discussion I also share the best way to make money if you do not have a degree and the best way to make a lot of money if you do. Also in the news today is Rent Control. I'm likely to get on a little rant about this because rent control is not just a bad idea - it's an evil scourge. The politicians who push for it have to either be complete morons or complicit in the evil scheme to damage or destroy urban life. And yeah, I might quit beating around the bush and tell you how I really feel about it.

In fact, I think we should schedule a show on rent controls. I'll put that on the list.

www.RogerBlankenship.com

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

• Lunch with me every Wednesday. Baraonda
• My latest article in Forbes is out. bit.ly/findredeals.
• The FAN is here!
• Would you like to invest in the Flipping America projects across the country? Coming soon you will be able to for as little as $100. That's right, Flipping America is partnering with Ground Floor Funding to create a crowd-funded platform where you can invest in the deals we are doing here. The fund will pay out a 8% preferred rate of return and can go as high as 16%. You can make money with me, the Flipping America Guy.
• 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.

News:

Weekly mortgage demand is flat as interest rates hit the highest level in 3 months

https://www.cnbc.com/2019/10/30/weekly-mortgage-demand-flat.html

Rent control will kill multifamily real estate

https://www.nationalmortgagenews.com/opinion/rent-control-will-kill-multifamily-real-estate

Here Are The Countries On The Brink Of Recession Going Into 2020

https://www.forbes.com/sites/sergeiklebnikov/2019/10/28/here-are-the-countries-on-the-brink-of-recession-going-into-2020/#2c81edbb3017

How Real Estate Can Replace Student Debt With A Promising Post-Grad Position

https://www.forbes.com/sites/forbesrealestatecouncil/2019/10/28/how-real-estate-can-replace-student-debt-with-a-promising-post-grad-position/#62a3daca205c

Steps in DD

C.L.U.E report - past insurance claims.

Inquire about insurance (higher than normal rates = prior claim history)

Run a Report, homedisclosure.com may be the best. Trulia is pretty good.

Consumer businesses owned by ATTOM Data,

got bought by Renovo in 2011 and changed name to ATTOM Data

ATTOM sold in July 2019 to Lovell Minnick, a Private Equity firm

Realtytrac.com https://www.realtytrac.com/ https://fitsmallbusiness.com/realtytrac-reviews-pricing/

https://www.yelp.com/biz/realtytrac-irvine

https://www.consumeraffairs.com/housing/realtytrac.html?page=2#sort=recent&filter=none

Really consistently terrible reviews. Could be reason for the name change?

Homefacts.com bought by ATTOM Data in 2012

Provides interesting information about the home and the area. Crime and school information useful. Other items as well.

Homedisclosure.com - Launched by RealtyTrac in 2016

You have to create a free account. Then you get all the same information as homefacts.com but in a more modern, appealing format. This one is truly useful.

More Property research sites

1. https://www.neighborhoodscout.com/search/location/2343996
2. https://spotcrime.com/
3. https://www.nso pw.gov/Error?aspxerrorpath=/en-US/Registry
4. https://www.crimereports.com/?kbid=62548
5. https://www.mylocalcrime.com/?kbid=62548?kbid=62548
6. https://www.crimemapping.com/?kbid=62548
7. https://www.homesnap.com/
8. http://www.homegain.com/
9. https://www.areavibes.com/
10. http://www.greatschools.org/
11. https://www.streetadvisor.com/
12. http://www.realestateabc.com/index2.php
13. https://www.homefair.com/real-estate/city-profile/
14. https://www.bestplaces.net/
15. https://www.safewise.com/
16. http://www.city-data.com/
17. https://www.walkscore.com/

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

• "What's the point of being alive if you don't at least TRY something remarkable." --Anonymous

There are a number of websites you can visit to get community information when doing your research on a property. We will review 18 of them. them today coming up. Plus we are going to talk a bit about student loan debt. As a free service I’ll be sharing with you the ONE big tip to reduce or eliminate student loan debt. During this discussion I also share the best way to make money if you do not have a degree and the best way to make a lot of money if you do. Also in the news today is Rent Control. I’m likely to get on a little rant about this because rent control is not just a bad idea - it’s an evil scourge. The politicians who push for it have to either be complete morons or complicit in the evil scheme to damage or destroy urban life. And yeah, I might quit beating around the bush and tell you how I really feel about it. 

In fact, I think we should schedule a show on rent controls. I’ll put that on the list.  

www.RogerBlankenship.com

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

• Lunch with me every Wednesday. Baraonda
• My latest article in Forbes is out. bit.ly/findredeals.
• The FAN is here!
• Would you like to invest in the Flipping America projects across the country? Coming soon you will be able to for as little as $100. That’s right, Flipping America is partnering with Ground Floor Funding to create a crowd-funded platform where you can invest in the deals we are doing here. The fund will pay out a 8% preferred rate of return and can go as high as 16%. You can make money with me, the Flipping America Guy. 
• 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.  

News:

Weekly mortgage demand is flat as interest rates hit the highest level in 3 months

https://www.cnbc.com/2019/10/30/weekly-mortgage-demand-flat.html

Rent control will kill multifamily real estate

https://www.nationalmortgagenews.com/opinion/rent-control-will-kill-multifamily-real-estate

Here Are The Countries On The Brink Of Recession Going Into 2020

https://www.forbes.com/sites/sergeiklebnikov/2019/10/28/here-are-the-countries-on-the-brink-of-recession-going-into-2020/#2c81edbb3017

How Real Estate Can Replace Student Debt With A Promising Post-Grad Position

https://www.forbes.com/sites/forbesrealestatecouncil/2019/10/28/how-real-estate-can-replace-student-debt-with-a-promising-post-grad-position/#62a3daca205c

Steps in DD

C.L.U.E report - past insurance claims.

Inquire about insurance (higher than normal rates = prior claim history)

Run a Report, homedisclosure.com may be the best. Trulia is pretty good. 

Consumer businesses owned by ATTOM Data,

got bought by Renovo in 2011 and changed name to ATTOM Data

ATTOM sold in July 2019 to Lovell Minnick, a Private Equity firm 

Realtytrac.com https://www.realtytrac.com/ https://fitsmallbusiness.com/realtytrac-reviews-pricing/

https://www.yelp.com/biz/realtytrac-irvine

https://www.consumeraffairs.com/housing/realtytrac.html?page=2#sort=recent&filter=none

Really consistently terrible reviews. Could be reason for the name change? 

Homefacts.com bought by ATTOM Data in 2012

Provides interesting information about the home and the area. Crime and school information useful. Other items as well.

Homedisclosure.com - Launched by RealtyTrac in 2016

You have to create a free account. Then you get all the same information as homefacts.com but in a more modern, appealing format. This one is truly useful. 

More Property research sites

1. https://www.neighborhoodscout.com/search/location/2343996
2. https://spotcrime.com/
3. https://www.nso  pw.gov/Error?aspxerrorpath=/en-US/Registry
4. https://www.crimereports.com/?kbid=62548
5. https://www.mylocalcrime.com/?kbid=62548?kbid=62548
6. https://www.crimemapping.com/?kbid=62548
7. https://www.homesnap.com/
8. http://www.homegain.com/
9. https://www.areavibes.com/
10. http://www.greatschools.org/
11. https://www.streetadvisor.com/
12. http://www.realestateabc.com/index2.php
13. https://www.homefair.com/real-estate/city-profile/
14. https://www.bestplaces.net/
15. https://www.safewise.com/
16. http://www.city-data.com/
17. https://www.walkscore.com/

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

• “What’s the point of being alive if you don’t at least TRY something remarkable.” --Anonymous

Moneeka Sawyer is often described as one of the most blissful people you will ever meet. But don't confuse her big smile and infectious laugh with naivete. Her multi-million dollar real estate empire is just one example of her ability to strategize, organize, and implement big business plans.

Sawyer is the best-selling author of the book "Choose Bliss: The Power and Practice of Joy and Contentment," which was recently honored with the very prestigious Woman of Impact Quill Award by Focus on Women Magazine.

She has been investing in real estate for over 20 years, so has worked through several different cycles of the market. Through her strategies, she has turned $10,000 into over $2,000,000, working only 5-10 hours per MONTH with very little stress.

She lives her dreams and won't let anyone tell her what she can and can't do. Even though she was constantly told she couldn't get in, she graduated from Haas Business School at UC Berkeley, one of the top 3 colleges in the nation, and has been in business for herself ever since. While building her multi-million dollar business, she has travelled to over 55 countries, dances every single day, and spends lots of time with her husband of over 20 years and her adorable little puppy (who is the love of her life, but shhhh...don't tell her husband).

She is also the host of the Podcast "Real Estate Investing for Women" where she focuses on all the aspects of real estate investing including strategies, mindset, emotional mastery, money smart, and so much more, to ensure her listeners' success.

Moneeka's expertise, and blissful laugh, have been featured all over the world in over 50 podcasts, on stages, radio, and TV stations including ABC, CBS, FOX, and the CW.

www.RogerBlankenship.com

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

• Lunch with me every Wednesday. Baraonda
• My latest article in Forbes is out. bit.ly/findredeals.
• The FAN is here!
• Would you like to invest in the Flipping America projects across the country? Coming soon you will be able to for as little as $100. That's right, Flipping America is partnering with Ground Floor Funding to create a crowd-funded platform where you can invest in the deals we are doing here. The fund will pay out a 8% preferred rate of return and can go as high as 16%. You can make money with me, the Flipping America Guy.
• 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.

News:

For everyone concerned about recession, we have some numbers.

https://www.housingwire.com/articles/this-is-how-u-s-gdp-performed-in-the-third-quarter/

Additional reading: https://www.barrons.com/articles/un-spinning-the-trump-obama-gdp-numbers-51553801603

Housing Secretary Ben Carson talks about changes to FHA regulation

https://www.cnbc.com/video/2019/10/28/ben-carson-hud-fha-mortgage-applications-squawk-box.html

WeWork Is Reportedly Expanding Into Esports With New 'Play By We' Venture

https://www.forbes.com/sites/sergeiklebnikov/2019/10/29/wework-is-reportedly-expanding-into-esports-with-new-play-by-we-venture/#59dc1bb17a54

"The besieged startup has already branched into other businesses, like education with WeGrow, fitness with Rise By We and co-living with WeLive, although it has been divesting assets from some of them."

Regulator Says Government Will 'Wipe Out' Fannie Mae and Freddie Mac Shareholders If Needed

https://www.realtor.com/news/real-estate-news/regulator-says-government-will-wipe-out-fannie-mae-and-freddie-mac-shareholders-if-needed/

Investors Are Still Going After Student Housing Properties, But They Are More Concerned About Prices

https://www.nreionline.com/student-housing/investors-are-still-going-after-student-housing-properties-they-are-more-concerned

• "I am inspired to teach and mentor others to move through their pain and learn how to live a life of boldness, happiness, and peace.

• This is what I am dedicating my life to do."

• ~Moneeka Sawyer

Moneeka Sawyer is often described as one of the most blissful people you will ever meet.  But don't confuse her big smile and infectious laugh with naivete. Her multi-million dollar real estate empire is just one example of her ability to strategize, organize, and implement big business plans. 

Sawyer is the best-selling author of the book "Choose Bliss: The Power and Practice of Joy and Contentment," which was recently honored with the very prestigious Woman of Impact Quill Award by Focus on Women Magazine.

She has been investing in real estate for over 20 years, so has worked through several different cycles of the market. Through her strategies, she has turned $10,000 into over $2,000,000, working only 5-10 hours per MONTH with very little stress.

She lives her dreams and won't let anyone tell her what she can and can't do.  Even though she was constantly told she couldn't get in, she graduated from Haas Business School at UC Berkeley, one of the top 3 colleges in the nation, and has been in business for herself ever since. While building her multi-million dollar business, she has travelled to over 55 countries, dances every single day, and spends lots of time with her husband of over 20 years and her adorable little puppy (who is the love of her life, but shhhh...don't tell her husband).

She is also the host of the Podcast "Real Estate Investing for Women" where she focuses on all the aspects of real estate investing including strategies, mindset, emotional mastery, money smart, and so much more, to ensure her listeners’ success.

Moneeka's expertise, and blissful laugh, have been featured all over the world in over 50 podcasts, on stages, radio,  and TV stations including ABC, CBS, FOX, and the CW.

www.RogerBlankenship.com

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

• Lunch with me every Wednesday. Baraonda
• My latest article in Forbes is out. bit.ly/findredeals.
• The FAN is here!
• Would you like to invest in the Flipping America projects across the country? Coming soon you will be able to for as little as $100. That’s right, Flipping America is partnering with Ground Floor Funding to create a crowd-funded platform where you can invest in the deals we are doing here. The fund will pay out a 8% preferred rate of return and can go as high as 16%. You can make money with me, the Flipping America Guy. 
• 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.  

News:

For everyone concerned about recession, we have some numbers.

https://www.housingwire.com/articles/this-is-how-u-s-gdp-performed-in-the-third-quarter/

Additional reading: https://www.barrons.com/articles/un-spinning-the-trump-obama-gdp-numbers-51553801603

Housing Secretary Ben Carson talks about changes to FHA regulation

https://www.cnbc.com/video/2019/10/28/ben-carson-hud-fha-mortgage-applications-squawk-box.html

WeWork Is Reportedly Expanding Into Esports With New ‘Play By We’ Venture

https://www.forbes.com/sites/sergeiklebnikov/2019/10/29/wework-is-reportedly-expanding-into-esports-with-new-play-by-we-venture/#59dc1bb17a54

“The besieged startup has already branched into other businesses, like education with WeGrow, fitness with Rise By We and co-living with WeLive, although it has been divesting assets from some of them.” 

Regulator Says Government Will ‘Wipe Out’ Fannie Mae and Freddie Mac Shareholders If Needed

https://www.realtor.com/news/real-estate-news/regulator-says-government-will-wipe-out-fannie-mae-and-freddie-mac-shareholders-if-needed/

Investors Are Still Going After Student Housing Properties, But They Are More Concerned About Prices

https://www.nreionline.com/student-housing/investors-are-still-going-after-student-housing-properties-they-are-more-concerned 

• “I am inspired to teach and mentor others to move through their pain and learn how to live a life of boldness, happiness, and peace.

• This is what I am dedicating my life to do.”

• ~Moneeka Sawyer 

Two shows ago I reviewed every consumer-facing real estate website I could find. This includes both broker and non broker-affiliated sites. I shared with you the sites I have used most of the time over the years, and in some instances still use. But last year a game-changer came into my world. Privy. That's P-R-I-V-Y. And the website is bit.ly/getprivyprogram.

So today we are going to be joined in a few moments by Benson Juarez, one of the founders of Privy. Over the past year we have had numerous conversations, he has trained me in the use of the program, and my life is richer because of this technology. I'll tell you right up front - Privy isn't everywhere - yet. But in the markets where it is available, there is NOTHING like it for investors. If you want to find your next deal without costly marketing direct mail etc., you need to take a look at Privy.

www.RogerBlankenship.com

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

• Lunch with me every Wednesday. Baraonda
• My latest article in Forbes is out. bit.ly/findredeals.
• The FAN is here!
• Would you like to invest in the Flipping America projects across the country? Coming soon you will be able to for as little as $100. That's right, Flipping America is partnering with Ground Floor Funding to create a crowd-funded platform where you can invest in the deals we are doing here. The fund will pay out a 8% preferred rate of return and can go as high as 16%. You can make money with me, the Flipping America Guy.
• 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.

News:

Why Can't I Get That Low Mortgage Rate Too?

https://magazine.realtor/daily-news/2019/10/21/why-can-t-i-get-that-low-mortgage-rate-too

Cities On The Front Line Of Climate Change Need To Build Resilience

https://www.forbes.com/sites/mikescott/2019/10/22/cities-on-the-front-line-of-climate-change-need-to-build-resilience/#24aaec8c5775

Four Characteristics Of An Up-And-Coming Neighborhood (And Why You Should Buy Your Next Home There)

https://www.forbes.com/sites/forbesrealestatecouncil/2019/10/22/four-characteristics-of-an-up-and-coming-neighborhood-and-why-you-should-buy-your-next-home-there/#2facb32f32a2

How To Get A Mortgage When You Have Less-Than-Perfect Credit

https://www.forbes.com/sites/taramastroeni/2019/10/21/how-to-get-a-mortgage-when-you-have-less-than-perfect-credit/#40603dd624b0

https://magazine.realtor/daily-news/2019/09/12/are-ibuyers-opening-the-door-to-squatters

Marketwatch: 20 Cities People Can't Wait to Leave

1. Baton Rouge, LA
2. Little Rock, AR
3. Chico, CA
4. Syracuse, NY
5. Omaha, NE
6. Dayton, OH
7. Eugene, OR
8. Detroit, MI
9. Salisbury, MD
10. Rockford, IL
11. Orlando, FL
12. Houston, TX
13. Milwaukee, WI
14. Spokane, WA
15. Chicago, IL
16. Denver, CO
17. Washington DC
18. Los Angeles, CA
19. New York, NY
20. San Francisco

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

• "No Masterpiece was ever created by a lazy artist." --Anonymous

Two shows ago I reviewed every consumer-facing real estate website I could find. This includes both broker and non broker-affiliated sites. I shared with you the sites I have used most of the time over the years, and in some instances still use. But last year a game-changer came into my world. Privy. That’s P-R-I-V-Y. And the website is bit.ly/getprivyprogram. 

So today we are going to be joined in a few moments by Benson Juarez, one of the founders of Privy. Over the past year we have had numerous conversations, he has trained me in the use of the program, and my life is richer because of this technology. I’ll tell you right up front - Privy isn’t everywhere - yet. But in the markets where it is available, there is NOTHING like it for investors. If you want to find your next deal without costly marketing direct mail etc., you need to take a look at Privy.

www.RogerBlankenship.com

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

• Lunch with me every Wednesday. Baraonda
• My latest article in Forbes is out. bit.ly/findredeals.
• The FAN is here!
• Would you like to invest in the Flipping America projects across the country? Coming soon you will be able to for as little as $100. That’s right, Flipping America is partnering with Ground Floor Funding to create a crowd-funded platform where you can invest in the deals we are doing here. The fund will pay out a 8% preferred rate of return and can go as high as 16%. You can make money with me, the Flipping America Guy. 
• 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.  

News:

Why Can’t I Get That Low Mortgage Rate Too?

https://magazine.realtor/daily-news/2019/10/21/why-can-t-i-get-that-low-mortgage-rate-too

Cities On The Front Line Of Climate Change Need To Build Resilience

https://www.forbes.com/sites/mikescott/2019/10/22/cities-on-the-front-line-of-climate-change-need-to-build-resilience/#24aaec8c5775

Four Characteristics Of An Up-And-Coming Neighborhood (And Why You Should Buy Your Next Home There)

https://www.forbes.com/sites/forbesrealestatecouncil/2019/10/22/four-characteristics-of-an-up-and-coming-neighborhood-and-why-you-should-buy-your-next-home-there/#2facb32f32a2

How To Get A Mortgage When You Have Less-Than-Perfect Credit

https://www.forbes.com/sites/taramastroeni/2019/10/21/how-to-get-a-mortgage-when-you-have-less-than-perfect-credit/#40603dd624b0

https://magazine.realtor/daily-news/2019/09/12/are-ibuyers-opening-the-door-to-squatters

Marketwatch: 20 Cities People Can’t Wait to Leave

1. Baton Rouge, LA
2. Little Rock, AR
3. Chico, CA
4. Syracuse, NY
5. Omaha, NE
6. Dayton, OH
7. Eugene, OR
8. Detroit, MI
9. Salisbury, MD
10. Rockford, IL
11. Orlando, FL
12. Houston, TX
13. Milwaukee, WI
14. Spokane, WA
15. Chicago, IL
16. Denver, CO
17. Washington DC
18. Los Angeles, CA
19. New York, NY
20. San Francisco

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

• “No Masterpiece was ever created by a lazy artist.” --Anonymous

I've known a few people who have been in real estate investing since the beginning of their career. This is how you become a multi-millionaire and even a billionaire. Start young, make good decisions, grow solidly. I have a rising star on the show today and you are going to want to hear his story.

Hayden Crabtree is an Atlanta based Self Storage investor with 14 properties in 5 states spanning half a million square feet. His primary focus is on value-add storage deals that offer investors above average returns. Hayden got his start in the world of real estate during college after reading Rich Dad Poor Dad and finding a Real Estate mentor to shadow for over a year. His current focus is helping investors who want to build cashflow and equity find amazing opportunities and put their money to work passively side by side in his deals.

How to contact us

www.RogerBlankenship.com

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

• BRAND NEW at rogerblankenship.com. You can leave a voice message for me!
• Lunch with me every Wednesday. Baraonda
• My latest article in Forbes is out. bit.ly/findredeals.
• The FAN is here!
• Would you like to invest in the Flipping America projects across the country? Coming soon you will be able to for as little as $100. That's right, Flipping America is partnering with Ground Floor Funding to create a crowd-funded platform where you can invest in the deals we are doing here. The fund will pay out a 8% preferred rate of return and can go as high as 16%. You can make money with me, the Flipping America Guy.
• 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.

News:

New SoftBank Deal Lets WeWork Cofounder Adam Neumann Walk Away A Billionaire

https://www.forbes.com/sites/jenniferwang/2019/10/22/new-softbank-deal-lets-wework-cofounder-adam-neumann-walk-away-a-billionaire/#37598ba8340e

Here's How MIT Will Turbocharge AI So People Can Age In Place

https://www.forbes.com/sites/johnmcmanus/2019/10/16/heres-how-mit-will-turbocharge-ai-so-people-can-age-in-place/#5f762df37157

Gen Z Will Spend More On Rent Than Any Previous Generation -- Here's How To Attract Them

https://www.forbes.com/sites/forbesrealestatecouncil/2019/10/16/gen-z-will-spend-more-on-rent-than-any-previous-generation-heres-how-to-attract-them/#6e07224e42b5

Dip in Existing-Home Sales Signals 'Unbalanced' Market

https://magazine.realtor/daily-news/2019/10/22/dip-in-existing-home-sales-signals-unbalanced-market

Facebook Pledges $1 Billion Toward Affordable Housing

https://magazine.realtor/daily-news/2019/10/23/facebook-pledges-1-billion-toward-affordable-housing

• Kevin, Atlanta, GA "What's the difference between a subject-to and a wrap?"

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

• "Don't raise your voice, improve your argument." --Anonymous