Flipping America

We are going to finish up today with part 2 of my new eBook, “Fantastic Deals and Where to Find Them”. The ebook will be available in the Kindle store and as an audio book. But we have some questions piling up I need to get to and of course the news. I’ve also got a little math less review for you that will help us understand some of the data in the news. All of that is coming right up!

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.  

• https://www.ajc.com/business/atlanta-housing-market-may-have-hit-turning-point/WDvZlhpJtHrhj2xLrNHF6J/
• https://www.attomdata.com/news/market-trends/attom-data-solutions-q3-2019-vacant-property-and-zombie-foreclosure-report/
• https://www.attomdata.com/news/market-trends/figuresfriday/top-10-major-cities-with-the-biggest-home-seller-gains/
• https://www.attomdata.com/news/market-trends/home-sales-prices/q2-2019-u-s-home-affordability-report/

• Alison, Colorado Springs, CO, “I tried to download the ‘Property Grade’ app from the Google Play store and it doesn’t look like it’s available. What am I doing wrong?”
• Don, Pittsburgh, PA, “You recently did two shows “Why We Fail” and “Why You Will Succeed”. I wanted you to know those are two of the best podcasts I’ve ever heard and I do believe my life has been changed by them. I don’t have a question at this time -- I just wanted to say thank you.”
• Betty, Villages of Ocala, “My husband and I retired a couple of years early, but we are retired and want to stay that way. What are the best options for us to invest in some real estate passively?”
• Paul, Jacksonville, FL “Just heard this show for the first time. Thanks for being a voice of realism that cuts through all the “hype.” Please tell me a realistic way for me to get started in this business. I have a little money, and my family has owned rentals, but I don’t think it was a good experience for my parents. I want to get in, but I want to do it right.”

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

• “As a young man I was scornful about the supernatural but as I have gotten 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

If you're going to be in this business you're going to have to spend at least a little time with some numbers. And if you want to do well with the numbers and work with any kind of volume at all, you would be well advised to learn how to use a spreadsheet. That's what I did. In fact I became quite the nerd with them. At one point several years back when I was single, I was teaching a team how to use my foreclosure analysis spreadsheet. One of the ladies in the groups raised her hand and asked, "do you evaluate your girlfriends with a spreadsheet?" That was a GREAT idea!

I was looking around online to see what's out there and came across several products and possibilities. A few of the programs were so good I immediately reached out to the developers to see whether they would come on the show. One of them joins us today. He is Dave Robertson, from House Flipping Spreadsheet and FlipperForce.

He was a Construction Cost Estimator for a large commercial construction company when he started flipping houses part-time. As an Estimator his natural born instinct was to create an Excel spreadsheet to help him analyze deals and estimate rehab costs. But Dave's inner nerd took over and he went a little crazy and ended up spending thousands of hours building and tinkering with his spreadsheet which is now known today as the House Flipping Spreadsheet. Dave is currently taking his success with the House Flipping Spreadsheet and investing his time in a new web-based house flipping software called FlipperForce.

Last show we had some fun with the news. Today we are going to take some questions. Normally when we do this we get to answer 4 or 5 questions. I have 9 questions from one person. I love the enthusiasm! So we are going to answer as many of them as we can on the show later. I've already answered the questions briefly and let Mark know I would be addressing them on this show.

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.

https://www.houseflippingspreadsheet.com

https://www.flipperforce.com

• 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.

• https://www.houseflippingspreadsheet.com
• https://www.flipperforce.com

• Mark, Atlanta, GA,

1. Could you recommend a couple of good lenders that I could reach out to and start the paperwork?
2. Do you have more info on the buy/sale trade association?
3. Any kind of network associations that I need to sign up with?
4. Is quickflips is that where you don't touch the properties but use other people's money and they sell the house for you? Are those hard to do?
5. I want to build rental properties in my portfolio – how do you know how to keep it as rental or flip it for cash?
6. What is a good price range for buying properties that are for rental properties?
7. What is a good way to find an aggressive rental estate agent who is trained to find these type of properties?
8. How do I get my hands on the hottest list since I have a call center I can use? In addition I do have a real estate script I can use.
9. Are we trying to set appointments to go to the house or are we trying to just set appointments on the phone? Are we setting the appointment for a call back to speak to me or experienced rep?

Lenders:

GROUNDFLOOR.us

Michael Braswell. www.Braswellcapitalsolutions.com 770-854-2194

Chip Cagle and Residential Capital: 404-216-5599

FundSource Financial, Erik Barlow, 770-913-6201

Civic Financial, 470-863-6187

Baker Collins: www.bakercollins.com

The Buy Sell network is at www.FlippingAmericaNetwork.com

Brief Video: https://www.youtube.com/watch?v=ynmaTT7VSsk

It's free to join. As a buyer let us know the zip codes you want to buy in. When someone posts a property in your zip code, you get a text message. If you want exclusive 48-hour access to new leads, you can "reserve" the zip code for $100/month.

Network Associations? I recommend you hang out with us here at Flipping America. But I also like the people behind the Atlanta REIA and the South Atlanta REIA. Both are good groups.

Most of the rest of your questions are covered pretty regularly in my shows and in my training programs. But I'll give you some quick answers anyway.

1. Quickflips. Not sure what you mean here. It is difficult to recruit Other People's Money in the first place. But when I do I normally repair the property. UNLESS it is in a different state. For those I either buy them myself or sell them for a 2500 profit. I've done a few of them with OPM but I'm not enjoying that process so much.

1. I generally flip three and use the proceeds to buy a rental. There have been occasions where a "flip" didn't sell and we had to turn it into a rental. Those don't always cash flow well, but we do what we can. If you can get at least 1% of your total acquisition (purchase and initial repairs) in rent each month, it should be a pretty good rental. There are other criteria besides the numbers, however.

1. I want inexpensive houses in working class neighborhoods for the most part. I have accidentally had "executive level" rentals in nice neighborhoods where I just couldn't get the properties sold. Even though the returns weren't great I had a better quality of tenant. I still tend to want to pay less per door for rentals. The cash on cash return is better and the risk is spread out.

1. Talk to a lot of agents. But don't be under any illusion. The good agents won't want to take the time to help you find deals - they are too busy because they are good. Newer, hungry agents are likely to be a good fit for this. But they may not be all that great at selling the home.

1. I think the best local lists will come from lawclerkondemand.com. But I also get strong lists from Karen Anderson. [email protected].

1. The first thing we are doing is assessing the seller's motivation. If it is high, we want an appointment sometime today at the house. If it's medium, we will fit them in. If it's low we make an offer over the phone.

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

If you’re going to be in this business you’re going to have to spend at least a little time with some numbers. And if you want to do well with the numbers and work with any kind of volume at all, you would be well advised to learn how to use a spreadsheet. That’s what I did. In fact I became quite the nerd with them. At one point several years back when I was single, I was teaching a team how to use my foreclosure analysis spreadsheet. One of the ladies in the groups raised her hand and asked, “do you evaluate your girlfriends with a spreadsheet?” That was a GREAT idea! 

I was looking around online to see what’s out there and came across several products and possibilities. A few of the programs were so good I immediately reached out to the developers to see whether they would come on the show. One of them joins us today. He is Dave Robertson, from House Flipping Spreadsheet and FlipperForce.

He was a Construction Cost Estimator for a large commercial construction company when he started flipping houses part-time.  As an Estimator his natural born instinct was to create an Excel spreadsheet to help him analyze deals and estimate rehab costs.  But Dave's inner nerd took over and he went a little crazy and ended up spending thousands of hours building and tinkering with his spreadsheet which is now known today as the House Flipping Spreadsheet.  Dave is currently taking his success with the House Flipping Spreadsheet and investing his time in a new web-based house flipping software called FlipperForce.

Last show we had some fun with the news. Today we are going to take some questions. Normally when we do this we get to answer 4 or 5 questions. I have 9 questions from one person. I love the enthusiasm! So we are going to answer as many of them as we can on the show later. I’ve already answered the questions briefly and let Mark know I would be addressing them on this show. 

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. 

https://www.houseflippingspreadsheet.com

https://www.flipperforce.com 

• 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.  

• https://www.houseflippingspreadsheet.com
• https://www.flipperforce.com 

• Mark, Atlanta, GA, 

1. Could you recommend a couple of good lenders that I could reach out to and start the paperwork?
2. Do you have more info on the buy/sale trade association?
3. Any kind of network associations that I need to sign up with?
4. Is quickflips is that where you don’t touch the properties but use other people’s money and they sell the house for you? Are those hard to do?
5. I want to build rental properties in my portfolio – how do you know how to keep it as rental or flip it for cash?
6. What is a good price range for buying properties that are for rental properties?
7. What is a good way to find an aggressive rental estate agent who is trained to find these type of properties?
8. How do I get my hands on the hottest list since I have a call center I can use? In addition I do have a real estate script I can use.
9. Are we trying to set appointments to go to the house or are we trying to just set appointments on the phone? Are we setting the appointment for a call back to speak to me or experienced rep?

Lenders: 

GROUNDFLOOR.us

Michael Braswell. www.Braswellcapitalsolutions.com 770-854-2194

Chip Cagle and Residential Capital: 404-216-5599

FundSource Financial, Erik Barlow, 770-913-6201

Civic Financial, 470-863-6187

Baker Collins: www.bakercollins.com

The Buy Sell network is at www.FlippingAmericaNetwork.com

Brief Video: https://www.youtube.com/watch?v=ynmaTT7VSsk

It’s free to join. As a buyer let us know the zip codes you want to buy in. When someone posts a property in your zip code, you get a text message. If you want exclusive 48-hour access to new leads, you can “reserve” the zip code for $100/month. 

Network Associations? I recommend you hang out with us here at Flipping America. But I also like the people behind the Atlanta REIA and the South Atlanta REIA. Both are good groups. 

Most of the rest of your questions are covered pretty regularly in my shows and in my training programs. But I’ll give you some quick answers anyway. 

1. Quickflips. Not sure what you mean here. It is difficult to recruit Other People’s Money in the first place. But when I do I normally repair the property. UNLESS it is in a different state. For those I either buy them myself or sell them for a 2500 profit. I’ve done a few of them with OPM but I’m not enjoying that process so much. 

1. I generally flip three and use the proceeds to buy a rental. There have been occasions where a “flip” didn’t sell and we had to turn it into a rental. Those don’t always cash flow well, but we do what we can. If you can get at least 1% of your total acquisition (purchase and initial repairs) in rent each month, it should be a pretty good rental. There are other criteria besides the numbers, however. 

1. I want inexpensive houses in working class neighborhoods for the most part. I have accidentally had “executive level” rentals in nice neighborhoods where I just couldn’t get the properties sold. Even though the returns weren’t great I had a better quality of tenant. I still tend to want to pay less per door for rentals. The cash on cash return is better and the risk is spread out. 

1. Talk to a lot of agents. But don’t be under any illusion. The good agents won’t want to take the time to help you find deals - they are too busy because they are good. Newer, hungry agents are likely to be a good fit for this. But they may not be all that great at selling the home. 

1. I think the best local lists will come from lawclerkondemand.com. But I also get strong lists from Karen Anderson. [email protected]. 

1. The first thing we are doing is assessing the seller’s motivation. If it is high, we want an appointment sometime today at the house. If it’s medium, we will fit them in. If it’s low we make an offer over the phone. 

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

Quick question: What is a property worth? Answer: What someone is willing to pay for it. That answer is truthful, but it doesn't always end up being "correct." That's because few people pay cash for real estate. When you borrow money the lender is going to protect their interests by ordering an appraisal. They will contact a licensed appraiser who will examine the property, compare it to nearby similar properties for sale or that have been sold, and will prepare a report that reflects his or her opinion of value. Although it is an opinion, it carries weight with the lender. In fact the lender will almost completely disregard what the buyer is willing to pay for the property if the appraiser has a different opinion.

This makes the appraiser an important piece of the puzzle. And it's a piece over which you have no control. I was in this business when we could still choose an appraiser and I watched them get pressured into justifying higher prices than should have been reasonable. Since the collapse of 2008 and the passage of Dodd-Frank, appraisers are now selected from a blind pool by the lender and no one in the process is allowed to pressure or influence the appraiser. Although this system has its flaws, it's probably better than the previous.

So you're going to have an appraiser and this piece is outside your control. It would be a good idea if you knew what an appraiser was thinking before you BOUGHT the property right? That's what we are going to do for you today. We are going to help you get inside the mind of an appraiser.

Scott Murphy is joining us in a few minutes. Mr. Murphy has been appraising real estate since 1985. In 1993 he earned his SRA designation from the Appraisal Institute – a credential earned by less than 1% of the appraiser population.

In 1996 he established D. S. Murphy & Associates and has grown the firm to have over 70 associates – servicing Georgia, North Carolina, South Carolina, Tennessee, Florida and California.

In 2004, Mr. Murphy was appointed by Gov Perdue to the Georgia Real Estate Appraisers Board where he is actively working to improve the laws and more closely regulate appraisers in Georgia. He has served as the Chairman of the Georgia Real Estate Appraisers Board for the past four years.

He is an active member of the Appraisal Institute, the National Associates of Realtors, the Northeast Metro Atlanta Board of Realtors and the Georgia Real Estate Fraud Prevention and Awareness Coalition.

Also coming up - it might be getting harder for your buyers to get a loan. And I have unbelievable news about recent home sales. They are both up AND down. I'll have the coverage and explain shortly. And folks this is as close as we get to genuine hilarity in the world of real estate so decide now you're just going to laugh about it with me.

And Ben Carson is working on affordable housing. I'll have that story today also.

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.

www.Dsmurphy.com

877-507-3432

• 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.

• https://www.realtor.com/news/real-estate-news/why-it-could-get-more-difficult-for-americans-to-get-approved-for-a-mortgage/
• https://www.realtor.com/news/real-estate-news/pending-home-sales-rise-in-june-helped-by-western-gains/
• https://www.realtor.com/news/real-estate-news/u-s-new-home-sales-picked-up-in-june/
• https://www.realtor.com/news/real-estate-news/u-s-existing-home-sales-decreased-1-7-in-june/
• https://www.realtor.com/news/real-estate-news/pending-home-sales-roar-higher-but-are-stuck-below-year-ago-levels/
• https://www.realtor.com/news/real-estate-news/u-s-new-home-sales-fell-for-second-straight-month-in-may/
• https://www.realtor.com/news/real-estate-news/trump-administration-to-take-on-local-housing-barriers/
• https://www.housingwire.com/articles/49777-hud-city-of-los-angeles-reach-landmark-settlement-in-accessible-housing-dispute
• https://www.housingwire.com/articles/49767-this-is-how-grocery-chains-affect-a-homes-value

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

• "A thousand candles can be lit from the light of one candle and life of the candle will not be shortened. Happiness will never be decreased by being shared." - Buddha

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

Quick question: What is a property worth? Answer: What someone is willing to pay for it. That answer is truthful, but it doesn’t always end up being “correct.” That’s because few people pay cash for real estate. When you borrow money the lender is going to protect their interests by ordering an appraisal. They will contact a licensed appraiser who will examine the property, compare it to nearby similar properties for sale or that have been sold, and will prepare a report that reflects his or her opinion of value. Although it is an opinion, it carries weight with the lender. In fact the lender will almost completely disregard what the buyer is willing to pay for the property if the appraiser has a different opinion.

This makes the appraiser an important piece of the puzzle. And it’s a piece over which you have no control. I was in this business when we could still choose an appraiser and I watched them get pressured into justifying higher prices than should have been reasonable. Since the collapse of 2008 and the passage of Dodd-Frank, appraisers are now selected from a blind pool by the lender and no one in the process is allowed to pressure or influence the appraiser. Although this system has its flaws, it’s probably better than the previous. 

So you’re going to have an appraiser and this piece is outside your control. It would be a good idea if you knew what an appraiser was thinking before you BOUGHT the property right? That’s what we are going to do for you today. We are going to help you get inside the mind of an appraiser. 

Scott Murphy is joining us in a few minutes. Mr. Murphy has been appraising real estate since 1985. In 1993 he earned his SRA designation from the Appraisal Institute – a credential earned by less than 1% of the appraiser population.

In 1996 he established D. S. Murphy & Associates and has grown the firm to have over 70 associates – servicing Georgia, North Carolina, South Carolina, Tennessee, Florida and California.

In 2004, Mr. Murphy was appointed by Gov Perdue to the Georgia Real Estate Appraisers Board where he is actively working to improve the laws and more closely regulate appraisers in Georgia. He has served as the Chairman of the Georgia Real Estate Appraisers Board for the past four years.

He is an active member of the Appraisal Institute, the National Associates of Realtors, the Northeast Metro Atlanta Board of Realtors and the Georgia Real Estate Fraud Prevention and Awareness Coalition.

Also coming up - it might be getting harder for your buyers to get a loan. And I have unbelievable news about recent home sales. They are both up AND down. I’ll have the coverage and explain shortly. And folks this is as close as we get to genuine hilarity in the world of real estate so decide now you’re just going to laugh about it with me. 

And Ben Carson is working on affordable housing. I’ll have that story today also.

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. 

www.Dsmurphy.com

 877-507-3432

• 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.  

• https://www.realtor.com/news/real-estate-news/why-it-could-get-more-difficult-for-americans-to-get-approved-for-a-mortgage/
• https://www.realtor.com/news/real-estate-news/pending-home-sales-rise-in-june-helped-by-western-gains/
• https://www.realtor.com/news/real-estate-news/u-s-new-home-sales-picked-up-in-june/
• https://www.realtor.com/news/real-estate-news/u-s-existing-home-sales-decreased-1-7-in-june/
• https://www.realtor.com/news/real-estate-news/pending-home-sales-roar-higher-but-are-stuck-below-year-ago-levels/
• https://www.realtor.com/news/real-estate-news/u-s-new-home-sales-fell-for-second-straight-month-in-may/
• https://www.realtor.com/news/real-estate-news/trump-administration-to-take-on-local-housing-barriers/
• https://www.housingwire.com/articles/49777-hud-city-of-los-angeles-reach-landmark-settlement-in-accessible-housing-dispute
• https://www.housingwire.com/articles/49767-this-is-how-grocery-chains-affect-a-homes-value

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

• “A thousand candles can be lit from the light of one candle and life of the candle will not be shortened. Happiness will never be decreased by being shared.” - Buddha

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

A little over a year ago while going through the mix of show research I came across a story from a small local newspaper called the Flathead Beacon. My first thought was flathead as in the engine. My next thought was "fathead" which was an insult my brothers and I used to trade. But this must be a geographic area with which I was not familiar. So I clicked the link and introduced myself to a section of the great northwest I had not previously known and Kalispell, Montana, population 22,000.

The newspaper has a regular real estate column providing us with stats on local sales and the area market. It's well researched and well written and I noticed that the author was not only a realtor but also a real estate researcher. So I decided to include a check-in on Kalispell as one way of keeping my finger on the pulse of the real estate market around the US. Then sometimes last year Mr. Dews published an article, which I referenced on the show, showing a statistical link between the placement of various numerals in the pricing of a property correlated to how well the property sold - how quickly and how close to listing price. I was fascinated by the premise and as I read the article it became clear to me that this guy - Richard Dews - was incredibly nerdy, extremely thorough, and I think had a dry sense of humor. At least I believed the article was meant to be taken as humorous. I told my team, "we need to get this guy on the show sometime" not quite really meaning it. But in the past few months as I continue to monitor the Beacon I decided we really do need him on the show. A little research and a conversation with a somewhat disbelieving Richard Dews and here we are.

Richard has done a lot of things in his career, much of it having to do with technology. I'm going to let him tell you his story in a few minutes. He is now the CEO of Glacier Flathead Real Estate, a Flathead-based real estate software and services company. His latest story tells us which day of the week most properties go under contract (hint: it's not Friday, but you wish is were Saturday).

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.

• https://flatheadbeacon.com/2019/07/31/real-estate-market-trends-60/
• https://www.housingwire.com/articles/49769-ftc-promises-equifax-victims-who-want-the-125-offer-you-will-be-disappointed
• https://www.corelogic.com/insights-download/the-marketpulse-report.aspx

• Paul, Minneaoplis, MN "Can you connect me with a funding source to develop a subdivision?"
• Suzanne, Boulder, CO "Do you know any apartment lenders?"
• Isabelle, Tampa, FL "I'm looking for funding for a mixed use project that would include office, maker space, and residential. Do you know any potential funding partners?"
• Joseph, Long Beach, CA "I have a number of apartment building projects around the country that I need funds for. Are you interested?"
• Eva, Washington DC, "I just heard your show for the first time. You say that the DC market is hot and I believe you, but this is a large area that spreads across a couple of states. Can you be more specific about the hot areas? http://bit.ly/getprivyprogram
• Sanders, Indianapolis, IN, "Can you help with my analysis of an apartment complex?"

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

• "A thousand candles can be lit from the light of one candle and life of the candle will not be shortened. Happiness will never be decreased by being shared." - Buddha

A little over a year ago while going through the mix of show research I came across a story from a small local newspaper called the Flathead Beacon. My first thought was flathead as in the engine. My next thought was “fathead” which was an insult my brothers and I used to trade. But this must be a geographic area with which I was not familiar. So I clicked the link and introduced myself to a section of the great northwest I had not previously known and Kalispell, Montana, population 22,000. 

The newspaper has a regular real estate column providing us with stats on local sales and the area market. It’s well researched and well written and I noticed that the author was not only a realtor but also a real estate researcher. So I decided to include a check-in on Kalispell as one way of keeping my finger on the pulse of the real estate market around the US. Then sometimes last year Mr. Dews published an article, which I referenced on the show, showing a statistical link between the placement of various numerals in the pricing of a property correlated to how well the property sold - how quickly and how close to listing price. I was fascinated by the premise and as I read the article it became clear to me that this guy - Richard Dews - was incredibly nerdy, extremely thorough, and I think had a dry sense of humor. At least I believed the article was meant to be taken as humorous. I told my team, “we need to get this guy on the show sometime” not quite really meaning it. But in the past few months as I continue to monitor the Beacon I decided we really do need him on the show. A little research and a conversation with a somewhat disbelieving Richard Dews and here we are. 

Richard has done a lot of things in his career, much of it having to do with technology. I’m going to let him tell you his story in a few minutes. He is now the CEO of Glacier Flathead Real Estate, a Flathead-based real estate software and services company. His latest story tells us which day of the week most properties go under contract (hint: it’s not Friday, but you wish is were Saturday). 

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.  

• https://flatheadbeacon.com/2019/07/31/real-estate-market-trends-60/
• https://www.housingwire.com/articles/49769-ftc-promises-equifax-victims-who-want-the-125-offer-you-will-be-disappointed
• https://www.corelogic.com/insights-download/the-marketpulse-report.aspx

• Paul, Minneaoplis, MN “Can you connect me with a funding source to develop a subdivision?”
• Suzanne, Boulder, CO “Do you know any apartment lenders?”
• Isabelle, Tampa, FL “I’m looking for funding for a mixed use project that would include office, maker space, and residential. Do you know any potential funding partners?”
• Joseph, Long Beach, CA “I have a number of apartment building projects around the country that I need funds for. Are you interested?”
• Eva, Washington DC, “I just heard your show for the first time. You say that the DC market is hot and I believe you, but this is a large area that spreads across a couple of states. Can you be more specific about the hot areas? http://bit.ly/getprivyprogram
• Sanders, Indianapolis, IN, “Can you help with my analysis of an apartment complex?”

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

• “A thousand candles can be lit from the light of one candle and life of the candle will not be shortened. Happiness will never be decreased by being shared.” - Buddha

Nick Raithel is the creator of the 7-Hour Book. This proven system allows any real estate investor to get their own professionally-published book while spending only 7 hours of their time on it.

With the 7-Hour Book, Nick is on a mission to help investors and others in real estate finally get the recognition they deserve. Time and again, he's seen those in nearly every community who have incredible stories and knowledge to share. A book is the ultimate way for them to share their insights and, in doing so, attract new business and investment opportunities. Yet the issue always seems to be that no one has any time.

Seeing this, Nick combined advanced time management strategies with his own experiences in publishing and marketing. The result was the 7-Hour Book, a service that's been delighting clients ever since.

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.

http://contentcorps.net/

• 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.

https://magazine.realtor/daily-news/2019/07/31/what-the-fed-s-rate-cut-means-for-your-buyers

https://magazine.realtor/daily-news/2019/07/31/renovations-with-the-worst-roi

https://magazine.realtor/daily-news/2019/07/31/10-most-affordable-lake-towns

https://www.cnbc.com/video/2019/07/30/real-estate-compass-ceo-squawk-box.html

https://www.cnbc.com/2019/07/31/this-state-is-home-to-the-best-cities-for-renters.html

https://www.cnbc.com/2019/07/30/sp-case-shiller-may-2019.html

https://www.housingwire.com/articles/49737-real-estate-lending-platform-groundfloor-raises-3-million-through-crowdfunding

https://www.housingwire.com/articles/49749-td-banks-customer-centric-approach-relies-on-tech-powerhouse-roostify

https://www.youtube.com/watch?v=MvgN5gCuLac

Donald, Harrisburg, PA, "I've listened to your show for awhile now and my city, Harrisburg, has never made any of your lists. It seems ok to me, but I've lived here all my life. I want to own some rentals and would like to flip a few. Where should I be looking"

Manuel, San Antonio, TX, "I am a house painter who wants to be flipping houses. It seems like I should be painting all my houses with my crew, but after listening to you talk about hiring people, it's like maybe I shouldn't paint them myself. I don't understand."

Suzanne, Alpharetta, GA "How many rental houses should I own before hiring management?"

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

• "I can't change the direction of the wind, but I can adjust my sails to always reach my destination." Jimmy Dean

Nick Raithel is the creator of the 7-Hour Book. This proven system allows any real estate investor to get their own professionally-published book while spending only 7 hours of their time on it.

With the 7-Hour Book, Nick is on a mission to help investors and others in real estate finally get the recognition they deserve. Time and again, he’s seen those in nearly every community who have incredible stories and knowledge to share. A book is the ultimate way for them to share their insights and, in doing so, attract new business and investment opportunities. Yet the issue always seems to be that no one has any time.   

Seeing this, Nick combined advanced time management strategies with his own experiences in publishing and marketing. The result was the 7-Hour Book, a service that’s been delighting clients ever since.

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. 

http://contentcorps.net/

• 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.  

https://magazine.realtor/daily-news/2019/07/31/what-the-fed-s-rate-cut-means-for-your-buyers

https://magazine.realtor/daily-news/2019/07/31/renovations-with-the-worst-roi

https://magazine.realtor/daily-news/2019/07/31/10-most-affordable-lake-towns

https://www.cnbc.com/video/2019/07/30/real-estate-compass-ceo-squawk-box.html

https://www.cnbc.com/2019/07/31/this-state-is-home-to-the-best-cities-for-renters.html

https://www.cnbc.com/2019/07/30/sp-case-shiller-may-2019.html

https://www.housingwire.com/articles/49737-real-estate-lending-platform-groundfloor-raises-3-million-through-crowdfunding

https://www.housingwire.com/articles/49749-td-banks-customer-centric-approach-relies-on-tech-powerhouse-roostify

https://www.youtube.com/watch?v=MvgN5gCuLac

Donald, Harrisburg, PA, “I’ve listened to your show for awhile now and my city, Harrisburg, has never made any of your lists. It seems ok to me, but I’ve lived here all my life. I want to own some rentals and would like to flip a few. Where should I be looking”

Manuel, San Antonio, TX, “I am a house painter who wants to be flipping houses. It seems like I should be painting all my houses with my crew, but after listening to you talk about hiring people, it’s like maybe I shouldn’t paint them myself. I don’t understand.”

Suzanne, Alpharetta, GA “How many rental houses should I own before hiring management?”

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

• “I can’t change the direction of the wind, but I can adjust my sails to always reach my destination.” Jimmy Dean

I was asked about three years ago if vacation rentals were a good idea and my answer was based on the numbers at the time. My answer was "only if you want a vacation home and want a little help defraying some of the expenses." I did not believe it to be a money-maker. That all changed - probably within the next 18 months as short-term rental sites such as VRBO, HomeAway and AirBnB took over. AirBnB dominates this industry and provides an interesting alternative for travelers while at the same time represents significant earning potential for the owners and operators.

The growth of AirBnB and in fact this entire industry has been phenomenal and it seems that the company founders have handled this explosion with a good plan, solid management, and responsive leadership.

But it hasn't been and isn't going to be problem free. Some of the neighbors to these properties have begun expressing concern, filing complaints with governing bodies, and even worked to get an outright ban on the short-term rental industry. This poses some interesting legal questions in terms of private property rights and has set the stage for battles that may take years to resolve.

Short term owners are uniting to fight back. Joining me today are Pat Odell, Executive Director of STROAGA, the Short Term Rental Owners Association of Georgia and one of her Board members, Rich Munroe, who was on the show recently. This group was formed to be an advocacy group seeking balance, reason, and respect for property rights in defense of the short term rental industry. They will join us shortly.

I have some questions stacked up to answer and we are going to get to some of them today as well.

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.

STROAGA.org

[email protected]

Lawsuit mentioned: May vs Morgan

Matt Dollar Cobb County GA

• 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.

• Alana, Phoenix, AZ, "I have a property under contract and with three days to go until closing my seller notified me that they are cancelling the agreement and going with another offer. Can they do that?"
• Alison, Milwaukee, WI, "What do you look for in a Property Management company?"
• • Character and reputation
  • Not necessarily the lowest fees, but not more than 10% either.
  • Do they have in-house repair crew? (that's a no-go)
  • Will they give me the option to make repairs with my crew? (ok then)
  • What is their reporting procedure?
  • How do they handle late payments?
  • What happens when they evict?
  • • They handle the eviction.
    • If in the first 12 months, do they offer a break or discount on placement fee of new tenant? (kind of important)
  • We have sent you our free guide to hiring Property Management.
• Garrett, Boulder, CO, "I think my property is priced correctly but it's not showing. What could I be doing to market it better?"
• Utembe, Minneapolis, MN, "Can you put me on your VIP buyers' list for the inexpensive houses?" (I need you to go to bit.ly/inexpensivehomes and click the link there. That will put you on the list.)
• Serena, Jacksonville, FL, "I'm about to buy a property to put into AirBnB service. I am concerned about the future with all of the legal issues coming up. What would you do in this situation?"
• Rashidi, Marietta, OH, "I am looking at an older house to buy and got ahold of the survey. The house appears to be sitting about 8 feet in front of the setback line from the street. I look up and down the street and this house is no closer to the street than any of the others. How can the survey be correct? And if I buy this property will I have to tear it down or will I be allowed to expand it. I was going to take the roof off, put on a second floor."

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

• "I will love the light for it shows me the way, yet I will endure the darkness because it shows me the stars." - Og Mandino