Flipping America

Recently I finished up another eBook, “How to Put Skin in the Game When You are Running Thin on Skin.” In it I show you how to do a real estate deal using none of your own money. I’m not just talking about the occasional “no money down” deal you might come across. I’m talking about doing a full fix and flip with none of your own money. People want to know how I’ve done 700 or more of these, so I wrote the book, telling you how I did it and continue to do it. Last time I read part one and today we are finishing it up with part two. 

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. 

• 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:

 MBA: Global economic tension likely responsible for this week’s decline in purchase applications

https://www.housingwire.com/articles/50072-mba-global-economic-tension-likely-responsible-for-this-weeks-decline-in-purchase-applications

The top 5 markets for multifamily rents

https://www.housingwire.com/articles/50065-the-top-five-markets-where-multifamily-rent-growth-has-risen

FT: Tech tycoons want homes that look like Google’s offices https://www.housingwire.com/articles/50066-ft-tech-tycoons-want-homes-that-look-like-googles-office

Why 'Days on Market' is a Key Metric When Selling a House

https://realestate.usnews.com/real-estate/articles/why-days-on-market-is-a-key-metric-when-selling-a-house

• Bob, Atlanta, GA “Could you weigh in on the topic of purchasing tax liens?”
• Martin, Atlanta, GA “What is a subject-to purchase and how does it work?”
• Shazar, Atlanta, GA “I’m struggling with a way to estimate repairs. It seems like by the time I figure them out the property already has four other offers.”
• Cooper, Boulder, CO “A friend of mine turned me on to your show. We’ve been having a little debate about what to pay for rental properties. He says that according to you we should buy 1%ers and I say if you buy in the right location it doesn’t matter. The values will go up and we will be glad we bought. We are probably overpaying for properties near campus we plan to turn into student housing, but in the long term believe this is a sound strategy. How is this incorrect?”
• Justin, Toledo, OH, “I have no family and no friends with money. What I do have is hustle and the ability to talk to people. I like real estate and like negotiating to buy properties. I have made two deals so far and a friend of mine gave me a few thousand dollars for each one and he kept them as rentals. He doesn’t want more properties right now so I was wondering if you could give me some ideas about what to do next?”
• Allison, Fort Worth, TX “Do you ever get tired of talking about Real Estate?”

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

• Motivation is the art of getting people to do what you want them to do because they want to do it.

• Dwight D. Eisenhower

Tags: real estate, real estate investing, real estate investments, real estate education, flipping houses, Roger Blankenship, Flipping America,

I read a lot of books. I read a lot of books about real estate. One of the best books I have EVER read about real estate investing is "Crushing it in Apartments and Commercial Real Estate" by Brian Murray.

Brian started Washington St. Properties in 2007 when he acquired his first investment property. Without raising any outside capital, Brian bootstrapped his way from newbie investor to the owner of a nationally recognized real estate investment and property management firm. In 2014, Washington Street Properties won a God Stevie Award for Real Estate Company of the Year.

Washington Street Properties has been ranked on the Inc. 5000 list of the nation's fastest-growing private companies for the past three years in a row. The company's success has been achieved through a value-add approach, focusing on the renovation and turnaround of underperforming, strategically located properties.

With a focus on core values of integrity, excellence, value, and innovation, Washington Street properties owns and operates a large portfolio of assets in Upstate New York, including apartments, office buildings, retail centers, storage, parking, and mixed-use properties.

In addition to his endeavors in real estate, Brian Murray has worked as a professor, technology executive, management consultant and engineer. His media appearances include interviews on CNN, PBS, and CBS MarketWatch. Brian has been quoted by the Wall Street Journal, the New York Times, and dozens of other major newspapers around the world.

Write down the title, even if you don't plan to invest in commercial real estate, and go get this book now. You will be glad you did. And the lessons you will learn will apply to other types of real estate and business practice as well. You will thank me when you've finished reading this book.

Brian is joining us in just a few minutes

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.

• 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.

• Housing Market Check-In: 6 Expert Predictions For The Second Half Of 2019 https://www.forbes.com/sites/alyyale/2019/07/08/housing-market-check-in-6-expert-predictions-for-the-second-half-of-2019/#4b4857cd18ba
• Is Real Estate Crowdfunding a Good Investment

https://twocents.lifehacker.com/is-real-estate-crowdfunding-a-good-investment-1837442049

• 10 Big-Deal Real Estate IPOs:

https://www.bisnow.com/national/news/capital-markets/10-big-deal-real-estate-ipos-100425

• Weekly mortgage applications decline amid economic uncertainty https://www.cnbc.com/video/2019/08/28/mortgage-applications-mini-refinance-boom-squawk-box.html
• Mini refinance boom goes bust, as mortgage rates turn higher https://www.cnbc.com/2019/08/28/mini-refinance-boom-goes-bust-as-mortgage-rates-turn-higher.html

• Ariel, Atlanta, GA "I'm getting conflicting advice about using a Realtor to help me find properties. I'm just getting started out in wholesaling. What are your thoughts on this?"
• Cordinia, Macon, GA "Can you suggest some free ways to find possible deals?"

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

• "As a young man I was scornful about the supernatural but as I have got older, the sharp line that divided the credible from the incredible has tended to blur; I am aware that the whole world is slightly incredible" -Colin Wilson

I've stated many times before that the key to wealth building in real estate is to develop passive income streams. Rental properties are not entirely passive as rentals and rentERS need managing. You can hire a management company but they you have to manage the management company. Sounds like a lot, but if you have an excellent management company it's like having an excellent contractor - life is SO much easier. You need to know the basics of property management even if you are going to hire it out. And you need to know someone who really knows what they are doing. That brings us to our guest today, Marc Cunningham.

Marc Cunningham grew up in the family property management company his father founded in 1978, Grace Property Management. Marc starting in the "weed pulling" division and moved on to mowing, painting, accounting and leasing. He joined the firm permanently in 1997 and currently serves in the role of President.

Today, from a platform of managing over 900 rental properties with 20 team members, Grace Management helps people buy, sell, invest, flip, collect rent, evict, and have fun doing it! If you are more impressed with initials after a name - Marc is the President of Grace Property Management & Real Estate, holds a degree in Real Estate & Finance, has taught CE classes in over 20 states, has been featured in multiple national real estate publications, hold multiple designations, and was just named the 2018 national property manager of the year by Think Realty. Marc lives in Loveland, CO, where he lives his failed childhood sports dreams through his children.

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.

• 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.

Four Questions for prospective Property Managers

1. How long have you been in the business?
2. What is your eviction rate? (the lower the better)
3. What is your lease renewal rate? (the higher the better)
4. If I have a change of mind or if our relationship just isn't working out, how easy is it for me to get out of our contract?

https://www.rentgrace.com/owner-faq

News:

• Six Surprising Data Sources Probably Being Overlooked In Your Multifamily Analysis https://www.forbes.com/sites/forbesrealestatecouncil/2019/08/27/six-surprising-data-sources-probably-being-overlooked-in-your-multifamily-analysis/
• How To Lose And Rebuild A Real Estate Portfolio https://www.forbes.com/sites/forbesrealestatecouncil/2019/08/26/how-to-lose-and-rebuild-a-real-estate-portfolio/
• How Proptech Adoption Across Generations Helps Fuel A Thriving Market https://www.forbes.com/sites/forbesrealestatecouncil/2019/08/23/how-proptech-adoption-across-generations-helps-fuel-a-thriving-market/
• Fannie Mae Predicts Two More Fed Cuts This Year https://magazine.realtor/daily-news/2019/08/21/fannie-mae-predicts-two-more-fed-cuts-this-year
• What Makes a Good Single-Family Rental

https://magazine.realtor/daily-news/2019/08/27/what-makes-a-good-single-family-rental

• Alisa, Hammond, IN "Thanks for all you are doing to promote integrity and values in the real estate investing space. I've seen so many so-called "investors" who are horrible people doing terrible things and taking advantage of the less-informed. I want to know how to avoid hiring another dishonest contractor.
• Kendra, Milwaukee, WI, "I live and work in the downtown area but I grew up in Sheboygan, which is just about an hour's drive away. I want to flip properties up there, but how would you recommend I get started? I would only be able to go check on things once a week. Is it even doable?

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

• "Don't Let Yesterday Take Up Too Much Of Today." – Will Rogers

Today I'm going to share Seven Rules for Real Estate Investing. Why seven? Why not 23 or 4? Recently I was on Nick Raithel's show and he asked me to develop seven rules and only seven. I kinda like what I did so I thought I would repeat them here, although I do encourage you to find Nick's show at Apple podcasts and give him a listen. These seven rules provide a framework not only for your real estate business but also for your life and career in real estate.

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.

• 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.

• Home price gains slowed in June, but low mortgage rates may heat them up again https://www.cnbc.com/2019/08/27/sp-case-shiller-june-2019.html
• The inverted yield curve is doing something weird to mortgage rates https://www.cnbc.com/2019/08/22/the-inverted-yield-curve-is-doing-something-weird-to-mortgage-rates.html

• 7 Differences Between Real Estate Funds and REITs https://money.usnews.com/investing/real-estate-investments/slideshows/differences-between-real-estate-funds-and-reits

• 10 Fundamentals Beginning Real Estate Investors Should Know https://www.forbes.com/sites/forbesrealestatecouncil/2019/08/28/10-fundamentals-beginning-real-estate-investors-should-know/#6217eb341d99
• Home Prices Notch 32-Month Growth Streakhttps://www.forbes.com/sites/alyyale/2019/08/27/home-prices-notch-32-month-growth-streak/#7cc954cc5b51

Topic: Seven Rules

1. Buy for Less than you can sell it. Rent it out for less than your monthly payment. Know your numbers.
2. 1. ARV
   2. Rehab
   3. Holding
   4. Loan Constant
   5. Cash on cash return.
3. Learn the terminology and their proper use. It's ok for this to be an on-going venture. Don't try to conquer this before you begin.

• Recruit a great Team

1. Great Contractor - Vital piece
2. Great Realtor - Vital piece - more plentiful than great contractors.
3. Bird Dogs, Wholesalers, Marketing people
4. Staff to your weaknesses

• Treat it like a business

1. 1. Understand how a business works.
      1. Business cards, logo design - all a form of procrastination
      2. Entity structure - important, but secondary.
   2. Focus on the bottom-line
   1. You can scale systems, processes and products but you cannot scale YOU.
   2. Read the book E-Myth Mastery Brian Gerber.
2. Do everything at first and stop as soon as you reasonably can. End up doing only those things that only you can do.
   1. Include where you live, how you spend your days, etc.
   2. Include your reputation - how many people know who you are and what do they think of you?
   3. Make a budget showing how much it costs to live your dream life.
   4. How much net return can you reasonably expect from your investments (real estate, stocks etc.)?
   5. How much will you have to invest in order for those investments to afford your lifestyle? You are financially free when your passive income pays for your lifestyle.
3. Picture your life in the future - 3, 5, 10 years. What is the life you dream about? Call it Vision, Goal, whatever. Terminology doesn't matter
   1. Leave your children enough to do something but not enough to do nothing.
   2. Find a cause bigger than yourself - perhaps more than one. Giving makes you a better person and actually adds to your life wealth.
4. Think about your legacy. It is pretty easy to make more than you really need in this business. Choose generosity as a lifestyle habit.

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

• "Knowing is not enough; we must apply. Willing is not enough; we must do." - Johann Wolfgang von Goethe

Guest EMCEE: "Live from Atlanta, GA, it's Flipping America!"

Hello everyone and welcome to another edition of Flipping America Live. Thanks for joining us both on the radio, via podcast or via the Facebook Live Stream we have going right now. We have a little buzz going on right now on Apple Podcasts so would you do me a quick favor? Even if you listen to the show through some other means, would you get into iTunes on your computer of the podcasts app on your iphone or ipad and give us a rating. I'm not going to tell you how to rate us, but so far every person has given us 5 stars. So let peer pressure influence you here.. And if you will, please take a moment and write something. That would be great and we thank you.

We have a special show coming to you today. Every Thursday night we gather at City Tap here in Midtown Atlanta to network, hang out, ask questions, do deals and generally learn from each other. Tonight we are going to turn this into episode 286 of the Flipping America show (cheers).

The focus tonight is your questions. We have a list of questions from our listeners. Some of the people in the room have questions. And some of you watching on Facebook might have questions. We are devoting most of the show to your questions and their answers. You can always email your questions to [email protected] or you can call 404-396-1018 ext 1. We answer every question that comes in and we will answer yours. We can't put them all on the air of course but we do feature some of them because we believe the answers will be instructive for other listeners.

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.

• 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:

• What is "tappable equity" and what should homeowners do with it?https://www.housingwire.com/articles/49963-homeowner-tappable-equity-reaches-an-all-time-high-of-63-trillion?utm_campaign=Newsletter%20-%20HousingWire%20Daily&utm_source=hs_email&utm_medium=email&utm_content=76198051&_hsenc=p2ANqtz--fNOsqURvoZwsMaPU4XGubWfWwKeZW5R96wnAiGRlLCKkCb2BFzWwe1ud4pSETP1KW3du8s1DZsFZ1jxEWyd95otvCztLeFww_LMQpXtyOJUThpAY&_hsmi=76198051
• https://www.housingwire.com/articles/49958-what-does-an-inverted-yield-curve-really-mean-for-housing-us-economy?utm_campaign=Newsletter%20-%20HousingWire%20Daily&utm_source=hs_email&utm_medium=email&utm_content=76198051&_hsenc=p2ANqtz--fNOsqURvoZwsMaPU4XGubWfWwKeZW5R96wnAiGRlLCKkCb2BFzWwe1ud4pSETP1KW3du8s1DZsFZ1jxEWyd95otvCztLeFww_LMQpXtyOJUThpAY&_hsmi=76198051
• OpenDoor is leading the iBuying Race but Zillow is catching up. https://www.housingwire.com/articles/50079-opendoor-leads-the-ibuying-race-but-zillow-is-catching-up?utm_campaign=Newsletter%20-%20HousingWire%20Daily&utm_source=hs_email&utm_medium=email&utm_content=76455440&_hsenc=p2ANqtz-9L6BN-4piCFAx039x-2apSCTC-3N8XMAhKXrHYgff7dABoKWBS4uotfXVrIQOglzwzH__hyybq7dFe1fZCFR48qx_p15Q_GTIjRQxBOxpKpyFpHlA&_hsmi=76455440
• How is there an "Opportunity Zone" where the median home price is $1.4 million?https://www.attomdata.com/news/market-trends/top-10-census-tracts-in-opportunity-zones-with-median-home-prices-above-500k-and-below-200k/

• Chad, Denver, CO, "Can you explain the inverted yield curve and what that means to homeowners and/or investors?"
• Jamie, Columbia, SC "Dude! You passed on the yield curve thing. Please explain it to me in terms I can understand."
• Justin, Boulder, CO, "Are we headed for recession? If so how should that guide my investing decisions? I buy and hold single family homes. Thank you."
• Alan, Long Beach, CA "I know I want to buy income producing properties. I just don't know what kind. I've considered single family, multi-family, apartments, and even a couple of strip shopping centers. Can you give me some thoughts to help me narrow down the possibilities?"
• Melvin, New Braunfels, TX "I really like flipping houses. I want to expand but I can't find enough deals around here. I can be in San Antonio in about 45 minutes and Austin in an hour. My big dream is to be flipping houses in all three markets. But how should I go about getting started in whichever one I go for next?"
• Andre, Harrisburg, PA, "I heard one of your older shows and you talked about the Installment Land Contract. I'm not familiar with this. Can you enlighten me?"
• Paul, Atlanta, GA "Being real with ya bro. I want to take your $50/month course. I just can't swing that first payment of $750. Do you have a coupon code?"
• Susan, Manchester, GA "I can buy lots of double wide trailers down here in the 50 and 60 thousand range that I can rent out for $600 a month. I know that fits the 1% rule, but what about mobile homes? Does the formula still apply?" We followed up with a couple of additional questions: She is paying cash and owns the three acres they sit on.

• How do you know when you find a "Deal". - Michael Greene

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

• "Don't Let Yesterday Take Up Too Much Of Today." – Will Rogers

This past week at our Wednesday lunch meeting the topic of Self-Directed IRA's came up and that became the theme of our Facebook live presentation. If you hurry over to Facebook you might still get to view that conversation before it disappears. If, however you missed it, you can make up for it today. In a few minutes I have an expert coming on the show and you are definitely going to want to hear his thoughts about investing through your self-directed IRA.

Brian Eastman is a principal and Sr. Consultant at Safeguard Advisors, LLC based in Boulder, Colorado.

Brian has personally worked with thousands of independent investors over the years and has a deep understanding not only of the tax framework that governs self-directed retirement plans, but how to actually use such a plan successfully in a variety of real estate-related transaction types.

Brian has been investing in real estate personally and with his self-directed plan for 15 years, and has participated in sub-division development, flipping properties, rentals, lease options, and trust deed financing of various types of property.

Prior to joining Safeguard Advisors, Mr. Eastman spent nearly two decades in the development and implementation of complex software systems, with a focus on client education. His ability to present complex and wide-ranging topics in a clear and understandable fashion translates well to the educational approach that is critical to helping investors discover the potential of a self-directed retirement investing strategy.

A graduate of UC Berkeley, Mr. Eastman enjoys exploring the wonders of the Rocky Mountain backcountry with his family and cheering for his son's hockey team.

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.

• 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.

• In plain English, what are self-directed IRA and 401(k) plans and why do they matter to real estate investors?
• How can a real estate investor get more from their self-directed IRA?
• What tax issues should an investor be on the lookout for, which can occur inside their retirement plan?
• What are some examples of using a self-directed plan for real estate investing?Describe for our listeners some of the benefits and complexities involved if they were to use debt-financing to invest with a self-directed plan.
• What benefits are associated with a checkbook control Self-Directed IRA or 401(k) plan?
• Self-directed IRA & 401(k) plans - an overview
• Getting more from your self-directed IRA
• Real estate investing with a self-directed plan (rentals, syndicates, development/flipping)
• The benefits and complexities of using debt-financing (i.e. mortgages) when investing with a self-directed plan
• Tax issues that can occur inside a retirement plan and how to understand and strategize around those issues

News:

Millennials can't afford real estate — destined to remain sad apartment dwellers

https://nypost.com/2019/08/31/millennials-cant-afford-real-estate-destined-to-remain-sad-apartment-dwellers/

Artificial intelligence in residential real estate: Reality or hype? https://www.housingwire.com/articles/50044-artificial-intelligence-in-residential-real-estate-reality-or-hype

International investors take a small step back from US commercial real estate, as yield is less attractive

https://www.cnbc.com/2019/08/30/international-investors-pull-back-from-us-commercial-real-estate.html

Weekly mortgage refinances fall further, despite lower interest rates https://www.cnbc.com/2019/09/04/weekly-mortgage-refinances-fall-further-despite-lower-interest-rates.html

Redfin Publishes Agent Commissions with Its Listings

https://magazine.realtor/daily-news/2019/08/30/redfin-publishes-agent-commissions-with-its-listings

https://www.cnbc.com/2019/09/04/sam-zell-on-wework-every-single-company-in-this-space-has-gone-broke.html?__twitter_impression=true&recirc=taboolainternal

• Hector, Sacramento, CA. "Have you ever flipped a farm? I'm looking at buying one to keep this guy out of foreclosure but I don't want to keep it.Article I found to help: http://www.businessvaluations.net/blog/valuing-a-farm-business

• Eva, Pittsburgh, PA, "My lender has options for my rental. I can do interest only at 4.8% (5 years then convert to amortized) or I can do a fully amortized loan at 4.75%." We followed up: She is in her 30s and plans to hold them indefinitely. Purchase price is 180,000. Putting 40,000 down. Loan amt is 140,000. My calculations: PI pymt is $730/month. Interest only is $560. $170/month difference. $10,200 over five years. Options are keep renewing interest only for maximum cash flow or refinance the amortized loan every 7-8 years to improve Return on Equity.
• Carmela, Port St. Lucie, FL "I've been wanting to write for a couple of weeks, but we have been a little busy here preparing for Dorian. It looked like we were going to get hit hard, but were spared thankfully. I was thinking about your show and wondered if you go in and buy storm damaged houses. And I'm not saying this about you, but I'm thinking about doing it and looking for an answer when people tell me I'm praying on the misfortune of others. Do you have a good answer to that?"
• Frieda, Jacksonville, FL "I saw how you helped my friend with her roof contractor situation. I've had a couple of bad experiences with contractors also and I'm wondering if there is a better way to protect myself in the future?"

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

• "Have intense and unfailing love for one another, for love covers a multitude of sins." - 1 Peter 4:8

I read a lot of books. I read a lot of books about real estate. One of the best books I have EVER read about real estate investing is “Crushing it in Apartments and Commercial Real Estate” by Brian Murray. 

Brian started Washington St. Properties in 2007 when he acquired his first investment property. Without raising any outside capital, Brian bootstrapped his way from newbie investor to the owner of a nationally recognized real estate investment and property management firm. In 2014, Washington Street Properties won a God Stevie Award for Real Estate Company of the Year. 

Washington Street Properties has been ranked on the Inc. 5000 list of the nation’s fastest-growing private companies for the past three years in a row. The company’s success has been achieved through a value-add approach, focusing on the renovation and turnaround of underperforming, strategically located properties. 

With a focus on core values of integrity, excellence, value, and innovation, Washington Street properties owns and operates a large portfolio of assets in Upstate New York, including apartments, office buildings, retail centers, storage, parking, and mixed-use properties. 

In addition to his endeavors in real estate, Brian Murray has worked as a professor, technology executive, management consultant and engineer. His media appearances include interviews on CNN, PBS, and CBS MarketWatch. Brian has been quoted by the Wall Street Journal, the New York Times, and dozens of other major newspapers around the world. 

Write down the title, even if you don’t plan to invest in commercial real estate, and go get this book now. You will be glad you did. And the lessons you will learn will apply to other types of real estate and business practice as well. You will thank me when you’ve finished reading this book. 

Brian is joining us in just a few minutes 

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. 

• 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.  

• Housing Market Check-In: 6 Expert Predictions For The Second Half Of 2019 https://www.forbes.com/sites/alyyale/2019/07/08/housing-market-check-in-6-expert-predictions-for-the-second-half-of-2019/#4b4857cd18ba 
•  Is Real Estate Crowdfunding a Good Investment 

https://twocents.lifehacker.com/is-real-estate-crowdfunding-a-good-investment-1837442049

• 10 Big-Deal Real Estate IPOs:

https://www.bisnow.com/national/news/capital-markets/10-big-deal-real-estate-ipos-100425

• Weekly mortgage applications decline amid economic uncertainty https://www.cnbc.com/video/2019/08/28/mortgage-applications-mini-refinance-boom-squawk-box.html
• Mini refinance boom goes bust, as mortgage rates turn higher https://www.cnbc.com/2019/08/28/mini-refinance-boom-goes-bust-as-mortgage-rates-turn-higher.html

• Ariel, Atlanta, GA “I’m getting conflicting advice about using a Realtor to help me find properties. I’m just getting started out in wholesaling. What are your thoughts on this?”
• Cordinia, Macon, GA “Can you suggest some free ways to find possible deals?”

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

• “As a young man I was scornful about the supernatural but as I have got older, the sharp line that divided the credible from the incredible has tended to blur; I am aware that the whole world is slightly incredible” -Colin Wilson

I’ve stated many times before that the key to wealth building in real estate is to develop passive income streams. Rental properties are not entirely passive as rentals and rentERS need managing. You can hire a management company but they you have to manage the management company. Sounds like a lot, but if you have an excellent management company it’s like having an excellent contractor - life is SO much easier. You need to know the basics of property management even if you are going to hire it out. And you need to know someone who really knows what they are doing. That brings us to our guest today, Marc Cunningham. 

Marc Cunningham grew up in the family property management company his father founded in 1978, Grace Property Management. Marc starting in the “weed pulling” division and moved on to mowing, painting, accounting and leasing. He joined the firm permanently in 1997 and currently serves in the role of President. 

Today, from a platform of managing over 900 rental properties with 20 team members, Grace Management helps people buy, sell, invest, flip, collect rent, evict, and have fun doing it! If you are more impressed with initials after a name - Marc is the President of Grace Property Management & Real Estate, holds a degree in Real Estate & Finance, has taught CE classes in over 20 states, has been featured in multiple national real estate publications, hold multiple designations, and was just named the 2018 national property manager of the year by Think Realty. Marc lives in Loveland, CO, where he lives his failed childhood sports dreams through his children. 

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. 

• 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.  

Four Questions for prospective Property Managers

1. How long have you been in the business?
2. What is your eviction rate? (the lower the better)
3. What is your lease renewal rate? (the higher the better)
4. If I have a change of mind or if our relationship just isn’t working out, how easy is it for me to get out of our contract?

https://www.rentgrace.com/owner-faq

News:

• Six Surprising Data Sources Probably Being Overlooked In Your Multifamily Analysis https://www.forbes.com/sites/forbesrealestatecouncil/2019/08/27/six-surprising-data-sources-probably-being-overlooked-in-your-multifamily-analysis/
• How To Lose And Rebuild A Real Estate Portfolio https://www.forbes.com/sites/forbesrealestatecouncil/2019/08/26/how-to-lose-and-rebuild-a-real-estate-portfolio/
• How Proptech Adoption Across Generations Helps Fuel A Thriving Market https://www.forbes.com/sites/forbesrealestatecouncil/2019/08/23/how-proptech-adoption-across-generations-helps-fuel-a-thriving-market/
• Fannie Mae Predicts Two More Fed Cuts This Year https://magazine.realtor/daily-news/2019/08/21/fannie-mae-predicts-two-more-fed-cuts-this-year
• What Makes a Good Single-Family Rental

https://magazine.realtor/daily-news/2019/08/27/what-makes-a-good-single-family-rental

• Alisa, Hammond, IN “Thanks for all you are doing to promote integrity and values in the real estate investing space. I’ve seen so many so-called “investors” who are horrible people doing terrible things and taking advantage of the less-informed. I want to know how to avoid hiring another dishonest contractor. 
• Kendra, Milwaukee, WI, “I live and work in the downtown area but I grew up in Sheboygan, which is just about an hour’s drive away. I want to flip properties up there, but how would you recommend I get started? I would only be able to go check on things once a week. Is it even doable?

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

• “Don’t Let Yesterday Take Up Too Much Of Today.” – Will Rogers

Guest EMCEE: “Live from Atlanta, GA, it’s Flipping America!”

Hello everyone and welcome to another edition of Flipping America Live. Thanks for joining us both on the radio, via podcast or via the Facebook Live Stream we have going right now. We have a little buzz going on right now on Apple Podcasts so would you do me a quick favor? Even if you listen to the show through some other means, would you get into iTunes on your computer of the podcasts app on your iphone or ipad and give us a rating. I’m not going to tell you how to rate us, but so far every person has given us 5 stars. So let peer pressure influence you here.. And if you will, please take a moment and write something. That would be great and we thank you. 

We have a special show coming to you today. Every Thursday night we gather at City Tap here in Midtown Atlanta to network, hang out, ask questions, do deals and generally learn from each other. Tonight we are going to turn this into episode 286 of the Flipping America show (cheers). 

The focus tonight is your questions. We have a list of questions from our listeners. Some of the people in the room have questions. And some of you watching on Facebook might have questions. We are devoting most of the show to your questions and their answers. You can always email your questions to [email protected] or you can call 404-396-1018 ext 1. We answer every question that comes in and we will answer yours. We can’t put them all on the air of course but we do feature some of them because we believe the answers will be instructive for other listeners. 

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. 

• 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:

• What is “tappable equity” and what should homeowners do with it?
  https://www.housingwire.com/articles/49963-homeowner-tappable-equity-reaches-an-all-time-high-of-63-trillion?utm_campaign=Newsletter%20-%20HousingWire%20Daily&utm_source=hs_email&utm_medium=email&utm_content=76198051&_hsenc=p2ANqtz--fNOsqURvoZwsMaPU4XGubWfWwKeZW5R96wnAiGRlLCKkCb2BFzWwe1ud4pSETP1KW3du8s1DZsFZ1jxEWyd95otvCztLeFww_LMQpXtyOJUThpAY&_hsmi=76198051
• https://www.housingwire.com/articles/49958-what-does-an-inverted-yield-curve-really-mean-for-housing-us-economy?utm_campaign=Newsletter%20-%20HousingWire%20Daily&utm_source=hs_email&utm_medium=email&utm_content=76198051&_hsenc=p2ANqtz--fNOsqURvoZwsMaPU4XGubWfWwKeZW5R96wnAiGRlLCKkCb2BFzWwe1ud4pSETP1KW3du8s1DZsFZ1jxEWyd95otvCztLeFww_LMQpXtyOJUThpAY&_hsmi=76198051
• OpenDoor is leading the iBuying Race but Zillow is catching up.
  https://www.housingwire.com/articles/50079-opendoor-leads-the-ibuying-race-but-zillow-is-catching-up?utm_campaign=Newsletter%20-%20HousingWire%20Daily&utm_source=hs_email&utm_medium=email&utm_content=76455440&_hsenc=p2ANqtz-9L6BN-4piCFAx039x-2apSCTC-3N8XMAhKXrHYgff7dABoKWBS4uotfXVrIQOglzwzH__hyybq7dFe1fZCFR48qx_p15Q_GTIjRQxBOxpKpyFpHlA&_hsmi=76455440
• How is there an “Opportunity Zone” where the median home price is $1.4 million?
  https://www.attomdata.com/news/market-trends/top-10-census-tracts-in-opportunity-zones-with-median-home-prices-above-500k-and-below-200k/

• Chad, Denver, CO, “Can you explain the inverted yield curve and what that means to homeowners and/or investors?”
• Jamie, Columbia, SC “Dude! You passed on the yield curve thing. Please explain it to me in terms I can understand.”
• Justin, Boulder, CO, “Are we headed for recession? If so how should that guide my investing decisions? I buy and hold single family homes. Thank you.”
• Alan, Long Beach, CA “I know I want to buy income producing properties. I just don’t know what kind. I’ve considered single family, multi-family, apartments, and even a couple of strip shopping centers. Can you give me some thoughts to help me narrow down the possibilities?”
• Melvin, New Braunfels, TX “I really like flipping houses. I want to expand but I can’t find enough deals around here. I can be in San Antonio in about 45 minutes and Austin in an hour. My big dream is to be flipping houses in all three markets. But how should I go about getting started in whichever one I go for next?”
• Andre, Harrisburg, PA, “I heard one of your older shows and you talked about the Installment Land Contract. I’m not familiar with this. Can you enlighten me?”
• Paul, Atlanta, GA “Being real with ya bro. I want to take your $50/month course. I just can’t swing that first payment of $750. Do you have a coupon code?”
• Susan, Manchester, GA “I can buy lots of double wide trailers down here in the 50 and 60 thousand range that I can rent out for $600 a month. I know that fits the 1% rule, but what about mobile homes? Does the formula still apply?” We followed up with a couple of additional questions: She is paying cash and owns the three acres they sit on.

• How do you know when you find a “Deal”. - Michael  Greene  

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

• “Don’t Let Yesterday Take Up Too Much Of Today.” – Will Rogers

This past week at our Wednesday lunch meeting the topic of Self-Directed IRA’s came up and that became the theme of our Facebook live presentation. If you hurry over to Facebook you   might still get to view that conversation before it disappears. If, however you missed it, you can make up for it today. In a few minutes I have an expert coming on the show and you are definitely going to want to hear his thoughts about investing through your self-directed IRA. 

Brian Eastman is a principal and Sr. Consultant at Safeguard Advisors, LLC based in Boulder, Colorado.

Brian has personally worked with thousands of independent investors over the years and has a deep understanding not only of the tax framework that governs self-directed retirement plans, but how to actually use such a plan successfully in a variety of real estate-related transaction types.

Brian has been investing in real estate personally and with his self-directed plan for 15 years, and has participated in sub-division development, flipping properties, rentals, lease options, and trust deed financing of various types of property.

Prior to joining Safeguard Advisors, Mr. Eastman spent nearly two decades in the development and implementation of complex software systems, with a focus on client education. His ability to present complex and wide-ranging topics in a clear and understandable fashion translates well to the educational approach that is critical to helping investors discover the potential of a self-directed retirement investing strategy.

A graduate of UC Berkeley, Mr. Eastman enjoys exploring the wonders of the Rocky Mountain backcountry with his family and cheering for his son’s hockey team. 

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. 

• 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.  

• In plain English, what are self-directed IRA and 401(k) plans and why do they matter to real estate investors?
• How can a real estate investor get more from their self-directed IRA?
• What tax issues should an investor be on the lookout for, which can occur inside their retirement plan?
• What are some examples of using a self-directed plan for real estate investing?
  Describe for our listeners some of the benefits and complexities involved if they were to use debt-financing to invest with a self-directed plan.
• What benefits are associated with a checkbook control Self-Directed IRA or 401(k) plan?
• Self-directed IRA & 401(k) plans - an overview
• Getting more from your self-directed IRA
• Real estate investing with a self-directed plan (rentals, syndicates, development/flipping)
• The benefits and complexities of using debt-financing (i.e. mortgages) when investing with a self-directed plan
• Tax issues that can occur inside a retirement plan and how to understand and strategize around those issues
  

News:

Millennials can’t afford real estate — destined to remain sad apartment dwellers

https://nypost.com/2019/08/31/millennials-cant-afford-real-estate-destined-to-remain-sad-apartment-dwellers/

Artificial intelligence in residential real estate: Reality or hype? https://www.housingwire.com/articles/50044-artificial-intelligence-in-residential-real-estate-reality-or-hype

International investors take a small step back from US commercial real estate, as yield is less attractive

https://www.cnbc.com/2019/08/30/international-investors-pull-back-from-us-commercial-real-estate.html

Weekly mortgage refinances fall further, despite lower interest rates https://www.cnbc.com/2019/09/04/weekly-mortgage-refinances-fall-further-despite-lower-interest-rates.html

Redfin Publishes Agent Commissions with Its Listings

https://magazine.realtor/daily-news/2019/08/30/redfin-publishes-agent-commissions-with-its-listings

https://www.cnbc.com/2019/09/04/sam-zell-on-wework-every-single-company-in-this-space-has-gone-broke.html?__twitter_impression=true&recirc=taboolainternal

• Hector, Sacramento, CA. “Have you ever flipped a farm? I’m looking at buying one to keep this guy out of foreclosure but I don’t want to keep it.
  Article I found to help: http://www.businessvaluations.net/blog/valuing-a-farm-business

• Eva, Pittsburgh, PA, “My lender has options for my rental. I can do interest only at 4.8% (5 years then convert to amortized) or I can do a fully amortized loan at 4.75%.” We followed up: She is in her 30s and plans to hold them indefinitely. Purchase price is 180,000. Putting 40,000 down. Loan amt is 140,000.
  My calculations: PI pymt is $730/month. Interest only is $560. $170/month difference. $10,200 over five years. Options are keep renewing interest only for maximum cash flow or refinance the amortized loan every 7-8 years to improve Return on Equity. 
• Carmela, Port St. Lucie, FL “I’ve been wanting to write for a couple of weeks, but we have been a little busy here preparing for Dorian. It looked like we were going to get hit hard, but were spared thankfully. I was thinking about your show and wondered if you go in and buy storm damaged houses. And I’m not saying this about you, but I’m thinking about doing it and looking for an answer when people tell me I’m praying on the misfortune of others. Do you have a good answer to that?”
• Frieda, Jacksonville, FL “I saw how you helped my friend with her roof contractor situation. I’ve had a couple of bad experiences with contractors also and I’m wondering if there is a better way to protect myself in the future?”

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

• "Have intense and unfailing love for one another, for love covers a multitude of sins." - 1 Peter 4:8