Flipping America

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

Three years ago he was a Management Consultant who wanted to get involved in real estate investing. Two and half years ago he dove in, and now he's already done 100+ deals and not one of them in the town where he lives. His name is Steven Pesavento and we are going to tell his incredible story today. Stay tuned to find out how he did it and how he's doing it.

Just to prove that Americans do not have a monopoly on stupid ideas, rent controls may be coming to London. I'll have that story.

Also, if you are investing in real estate with an eye to the future and you believe global warming is a thing, I'm going to tell you the top TEN cities where you need to buy up everything a few miles inland so your children can enjoy owning coastal property.

And are you ready for this? Amazon is getting into the real estate business. Watch out Zillow!

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.

TheInvestorMindset.com

https://www.investormindsetsummit.com/tickets

• 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.

• Rent controls in London! https://www.cnbc.com/2019/07/19/mayor-of-london-sadiq-khan-wants-rent-controls-in-london.html
• https://www.cnbc.com/2019/07/18/10-cities-could-lose-34-billion-plus-in-housing-to-floods-by-2050.html I'm just kidding about buying inland. We've proven we know how to live in cities built below sea level. Or at sea level. If and when it happens we will figure it out.
• • Baku, Azerbaijan
  • Amsterdam
  • New Orleans
  • Copenhagen
  • Singapore
  • Santo Domingo, Dominican Republic
  • But think about this - What if global warming causes there to be enough water to re-irrigate the Sahara desert? It might not be all bad, gloom and doom.
• https://www.cnbc.com/2019/07/22/amazon-partners-with-realogy-dipping-its-toes-deeper-into-real-estate.html

• 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.)

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

• "Whether you think you can or you think you can't, you are right." - Henry Ford

Three years ago he was a Management Consultant who wanted to get involved in real estate investing. Two and half years ago he dove in, and now he’s already done 100+ deals and not one of them in the town where he lives. His name is Steven Pesavento and we are going to tell his incredible story today. Stay tuned to find out how he did it and how he’s doing it. 

Just to prove that Americans do not have a monopoly on stupid ideas, rent controls may be coming to London. I’ll have that story. 

Also, if you are investing in real estate with an eye to the future and you believe global warming is a thing, I’m going to tell you the top TEN cities where you need to buy up everything a few miles inland so your children can enjoy owning coastal property. 

And are you ready for this? Amazon is getting into the real estate business. Watch out Zillow!

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. 

TheInvestorMindset.com

https://www.investormindsetsummit.com/tickets

• 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.  

• Rent controls in London! https://www.cnbc.com/2019/07/19/mayor-of-london-sadiq-khan-wants-rent-controls-in-london.html
• https://www.cnbc.com/2019/07/18/10-cities-could-lose-34-billion-plus-in-housing-to-floods-by-2050.html I’m just kidding about buying inland. We’ve proven we know how to live in cities built below sea level. Or at sea level. If and when it happens we will figure it out. 
• • Baku, Azerbaijan
  • Amsterdam
  • New Orleans
  • Copenhagen
  • Singapore
  • Santo Domingo, Dominican Republic
  • But think about this - What if global warming causes there to be enough water to re-irrigate the Sahara desert? It might not be all bad, gloom and doom. 
• https://www.cnbc.com/2019/07/22/amazon-partners-with-realogy-dipping-its-toes-deeper-into-real-estate.html

• 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.)

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

• “Whether you think you can or you think you can’t, you are right.” - Henry Ford

He was a Civil Engineer who wanted to be in real estate. So he went right out and bought a multi-family in one of the toughest neighborhoods in town, on a street filled with drug dealers, crime, and decay. But he turned his building around. Then used his influence to turn the street around. All without the use of force, without confrontation, and with dramatically positive results. You have to hear the story today of Al Williams. He's the author of two books, "40 Ways to Increase the Net Income of Your Rental Property." Paperback $18.97 and Building Wealth with Inner City Rentals, paperback $16.97. Both available on Amazon.

Al practices what he calls landlord leadership in Oak Park, an inner city suburb in the middle of Sacramento, California. See the show notes and you will be able to contact.

(You can reach Al at: P.O. Box 188491, Sacramento, CA 95818, [email protected])

Also coming up, Vacancies in single family homes are near an all time high, but demand for multi-family is skyrocketing. Millenials are buying homes to a degree, but many are preferring rentals.

Also in the news, mortgage rates moved - which way? I'll tell you in a minute and you might find it funny. I did. In other news, Zillow and Compassed have kissed and made up. Their mutual lawsuit has been settled.

And investors are moving up in the world. Since I've been paying attention real estate investors have accounted for about 5% of home purchases every year. Last year the number was very different - I'll tell you how different and offer a couple of reasons why.

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.

He has a mind for making money and a heart for making cities a better place to live.

Book: "40 Ways to Increase the Net Income of Your Rental Property." Paperback $18.97

Book: "Building Wealth with Inner City Rentals," paperback $16.97.

Both books are free if you are a Kindle Unlimited member.

Leadinglandlord.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.cnbc.com/video/2019/07/19/vacancies-remain-at-epidemic-levels-in-some-us-cities-axios-managing-editor.html
• https://www.cnbc.com/2019/07/08/rental-demand-soars-as-more-millennials-say-its-cheaper-than-owning-home.html
• https://www.realtor.com/news/real-estate-news/investors-are-buying-more-of-the-u-s-housing-market-than-ever-before/ up around 11% last year. Historically 5%.
• https://www.realtor.com/news/real-estate-news/mortgage-rates-are-moving-sideways-will-they-fall-from-here/ Hilarious non-headline. Is that another way of saying they stayed the same? (Hint: yes). Seriously tho - they may be about to come down and they are already lower than we projected. I'm man enough to admit when I missed a called. Previously I had predicted rates would reach 5% this year. I was wrong. They might get below 3.5% which is staggering to me.
• Don't buy the Facebook Libra coins. Just don't. They don't come out until sometime next year but fake sites are selling them already. https://www.pcmag.com/news/369699/watch-out-for-libra-scams-claiming-you-can-buy-the-cryptocur?utm_source=email&utm_campaign=whatsnewnow&utm_medium=title

• MaryAnn, Morgantown, WV, "I am having trouble getting a hard money loan or a private money loan because I have no experience. Please tell me what I can do."
• Sidney, Lancaster, PA, "I can buy a duplex that will bring 1500/month in rents for $150,000 or I can buy a single family for $120,000 that will bring 1200/month. They both seem to be the same in terms of the return. The duplex seems like more work. What are some other things I need to be thinking about to decide which?

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

• "Opportunity is missed by most people because it is dressed up in overalls and looks like work." - Thomas Edison

He was a Civil Engineer who wanted to be in real estate. So he went right out and bought a multi-family in one of the toughest neighborhoods in town, on a street filled with drug dealers, crime, and decay. But he turned his building around. Then used his influence to turn the street around. All without the use of force, without confrontation, and with dramatically positive results. You have to hear the story today of Al Williams. He’s the author of two books, “40 Ways to Increase the Net Income of Your Rental Property.” Paperback $18.97 and Building Wealth with Inner City Rentals, paperback $16.97. Both available on Amazon. 

Al practices what he calls landlord leadership in Oak Park, an inner city suburb in the middle of Sacramento, California. See the show notes and you will be able to contact. 

(You can reach Al at: P.O. Box 188491, Sacramento, CA 95818, [email protected])

Also coming up, Vacancies in single family homes are near an all time high, but demand for multi-family is skyrocketing. Millenials are buying homes to a degree, but many are preferring rentals. 

Also in the news, mortgage rates moved - which way? I’ll tell you in a minute and you might find it funny. I did. In other news, Zillow and Compassed have kissed and made up. Their mutual lawsuit has been settled. 

And investors are moving up in the world. Since I’ve been paying attention real estate investors have accounted for about 5% of home purchases every year. Last year the number was very different - I’ll tell you how different and offer a couple of reasons why. 

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. 

He has a mind for making money and a heart for making cities a better place to live. 

Book: “40 Ways to Increase the Net Income of Your Rental Property.” Paperback $18.97

Book: “Building Wealth with Inner City Rentals,” paperback $16.97. 

Both books are free if you are a Kindle Unlimited member. 

Leadinglandlord.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.cnbc.com/video/2019/07/19/vacancies-remain-at-epidemic-levels-in-some-us-cities-axios-managing-editor.html
• https://www.cnbc.com/2019/07/08/rental-demand-soars-as-more-millennials-say-its-cheaper-than-owning-home.html
• https://www.realtor.com/news/real-estate-news/investors-are-buying-more-of-the-u-s-housing-market-than-ever-before/ up around 11% last year. Historically 5%.
• https://www.realtor.com/news/real-estate-news/mortgage-rates-are-moving-sideways-will-they-fall-from-here/ Hilarious non-headline. Is that another way of saying they stayed the same? (Hint: yes). Seriously tho - they may be about to come down and they are already lower than we projected. I’m man enough to admit when I missed a called. Previously I had predicted rates would reach 5% this year. I was wrong. They might get below 3.5% which is staggering to me. 
• Don’t buy the Facebook Libra coins. Just don’t. They don’t come out until sometime next year but fake sites are selling them already.  https://www.pcmag.com/news/369699/watch-out-for-libra-scams-claiming-you-can-buy-the-cryptocur?utm_source=email&utm_campaign=whatsnewnow&utm_medium=title

• MaryAnn, Morgantown, WV, “I am having trouble getting a hard money loan or a private money loan because I have no experience. Please tell me what I can do.”
• Sidney, Lancaster, PA, “I can buy a duplex that will bring 1500/month in rents for $150,000 or I can buy a single family for $120,000 that will bring 1200/month. They both seem to be the same in terms of the return. The duplex seems like more work. What are some other things I need to be thinking about to decide which?

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

• “Opportunity is missed by most people because it is dressed up in overalls and looks like work.” - Thomas Edison

One of the best ways to own income producing property is to own multi-family.

1. Increased Cash Flow
2. Easier Property Management
3. Multifamily Properties Hold Their Value
4. Tax Breaks
5. Better Loan Opportunities
6. Multifamily REITs
7. Demand Projected to Increase

Over the next couple of weeks we are going to do some segments on multifamily investing and I have a strong lineup of players coming on the show to talk with me about it. Mark Kenney from Think Multifamily is joining us today and he will be along in 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.

• https://www.mashvisor.com/blog/investing-in-multi-family-homes-2019/
• https://andersonadvisors.com/8-reasons-to-invest-in-multifamily-housing/
• https://cashflowdiary.com/blog/real-estate/multi-family-properties/investing-in-multi-family-properties/
• https://www.realized1031.com/blog/is-multifamily-a-logical-investment
• https://www.fortunebuilders.com/multifamily-investment-property/
• https://lyonstahl.com/real-estate/top-5-reasons-invest-multi-family-property/
• https://arbor.com/blog/spotlight-top-markets-small-asset-multifamily/?utm_medium=google&utm_campaign=chatter&utm_source=GoogleCPC&gclid=Cj0KCQjw1MXpBRDjARIsAHtdN-3W4b7HhBqX_gbV9R57YBeuK3YmkwTTwyEuZDyrUd_iYAm4PZm7M34aAsIpEALw_wcB
• https://money.usnews.com/investing/real-estate-investments/articles/2017-12-04/7-tips-to-invest-in-multifamily-property
• https://www.thebalancesmb.com/economy-of-scale-in-multi-family-real-estate-investment-2867042
• https://www.nreionline.com/multifamily/ranking-top-multifamily-markets
• https://www.mashvisor.com/blog/best-multifamily-markets-2019-high-cap-rate/
• https://magazine.realtor/daily-news/2019/07/18/housing-could-turn-around-weakening-economy

• David, Atlanta "My flip project isn't going to sell for what I thought when I bought it. The market is softening. What do I do?" David has a HM loan in place
• Monica, Gainesville, "I haven't been able to sell my flip. What can I do?"

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

• "Opportunity is missed by most people because it is dressed up in overalls and looks like work." - Thomas Edison

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

One of the best ways to own income producing property is to own multi-family. 

1. Increased Cash Flow
2. Easier Property Management
3. Multifamily Properties Hold Their Value
4. Tax Breaks
5. Better Loan Opportunities
6. Multifamily REITs
7. Demand Projected to Increase

Over the next couple of weeks we are going to do some segments on multifamily investing and I have a strong lineup of players coming on the show to talk with me about it. Mark Kenney from Think Multifamily is joining us today and he will be along in 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.  

• https://www.mashvisor.com/blog/investing-in-multi-family-homes-2019/
• https://andersonadvisors.com/8-reasons-to-invest-in-multifamily-housing/
• https://cashflowdiary.com/blog/real-estate/multi-family-properties/investing-in-multi-family-properties/
• https://www.realized1031.com/blog/is-multifamily-a-logical-investment
• https://www.fortunebuilders.com/multifamily-investment-property/
• https://lyonstahl.com/real-estate/top-5-reasons-invest-multi-family-property/
• https://arbor.com/blog/spotlight-top-markets-small-asset-multifamily/?utm_medium=google&utm_campaign=chatter&utm_source=GoogleCPC&gclid=Cj0KCQjw1MXpBRDjARIsAHtdN-3W4b7HhBqX_gbV9R57YBeuK3YmkwTTwyEuZDyrUd_iYAm4PZm7M34aAsIpEALw_wcB
• https://money.usnews.com/investing/real-estate-investments/articles/2017-12-04/7-tips-to-invest-in-multifamily-property
• https://www.thebalancesmb.com/economy-of-scale-in-multi-family-real-estate-investment-2867042
• https://www.nreionline.com/multifamily/ranking-top-multifamily-markets
• https://www.mashvisor.com/blog/best-multifamily-markets-2019-high-cap-rate/
• https://magazine.realtor/daily-news/2019/07/18/housing-could-turn-around-weakening-economy

• David, Atlanta “My flip project isn’t going to sell for what I thought when I bought it. The market is softening. What do I do?” David has a HM loan in place
• Monica, Gainesville, “I haven’t been able to sell my flip. What can I do?”

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

• “Opportunity is missed by most people because it is dressed up in overalls and looks like work.” - Thomas Edison

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

Today we are being joined by Seth Williams of REI Tipster. Seth is a land investor and has a compelling argument for investing simply land. Land can create income as you flip it and passive income as you sell with owner financing. There is a world of possibility awaiting you as you dive in to this topic. Our conversation with him is coming up shortly.

But I also have an extended set of questions about Subject-To purchasing so I'm going to jump right in and address this topic.

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://retipster.com/

https://retipster.club/

• From Kay in Atlanta, I have a few questions about Subject 2 and I am hopeful that you can assist me.
• • My partner Kathy P... spoke with a potential client which we plan to meet up with on Monday. We will like to proceed with a subject 2.
  • 1) The owner divorced and was awared the home. The ex-wife did a quit deed so the husband has a limited warranty deed in his name. But the ex-wife's name is on the loan.
  • The husband was given 1 yr as of November 2018 get her name off the loan. The home is heading into forclosure which they do not want to happen.
  • A)Is there paperwork we can have the ex-wife sign to protect ourselves, having her acknowledging that she is aware we are taking over pmt. And her name will stay on the loan until the ex- husband assumes or refinance the loan? How do we protect ourselves?
  • B) How do we take ownership on the warranty deed? Do we put in our company name? Do we keep the owner's name c/o our company name. Do we put deed in out personal names? Do we put deed in a land trust?
  • C ) Getting insurance on the property. What step do we have to take for home insurance since the owner policy will only be good for 30 days after the transfer. I hope that you can assist us with our questions.

Great Questions:

• • Is this going into the August foreclosure sale? If so you have time, but you need to move quickly.
  • Do you have a real estate attorney? You need one who is accustomed to dealing with investors and familiar with the Subject-To process. Craig Halperin is a friend and he can help if you don't already have one.
  • Meet with the man and write down everything in plain English you are agreeing too. Craig will translate that into a formal contract you can sign at closing. You'll need to be prepared to pay him for the closing costs.
  • Do you know whether the ex-wife is in the mood to cooperate? If she will,you have until the end of October to sell the property unless she is willing to agree in writing to extend the deadline. I'll be surprised if she agrees to that - she probably wants out. But if she doesn't need to buy a home right now, she could possibly be incentivized to extend (i.e. small monthly payment or something).
  • He will not be able to re-finance the loan once he has turned it over to you.
  • Once the property is in your name you may be able to re-finance into your name, depending on your credit and other qualifications.
  • Take possession in your company name.
  • Get insurance based on your intended use of the property. Rental and flips get different policies. Your insurance professional will guide you. Cancel the homeowner's insurance as soon as you can. Provide on-going proof of insurance to the lender so they don't do a force placed policy.
  • Be careful what you say to the lender.
  • 9. I cover sub-to in my Ultimate Course. It takes about 30 days to get that far in the course. That's if you watch one 10-min video every day. You can use a land trust but they are somewhat over-rated in terms of protecting you from the Due Upon Sale Clause.
• Call Question: James from Rochester NY. "I'm a roofer and I want to buy a couple of your houses in Toledo and Saginaw, but I also want to know if you are planning to get more of these. I'm coming into some money this summer and I want to buy about 40."

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

• "If you're not making mistakes, then you're not doing anything. I'm positive that a doer makes mistakes." -John Wooden

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

It's time today to catch up on the news and some of your questions. Breaking news isn't exactly an every day experience in real estate, but that can be a good thing. I've got some updates today on foreclosure rates around the country, a pretty good article on why we aren't seeing many foreclosures, where to expect a bump in foreclosures over the next six months, plus answers to many of your questions all coming 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.housingwire.com/articles/49529-realogy-suing-compass-for-unfair-business-practices-illegal-schemes Note the click bait headlines at the bottom of the page. Which ones did I click on?
• https://www.housingwire.com/articles/49525-new-bill-slashes-fha-mortgage-insurance-for-first-time-homebuyers It's a .25% discount. NOT A 25% discount. The idea is sound but the incentive is too small to make a difference?
• https://www.housingwire.com/articles/49528-fed-chairman-powell-tells-congress-he-would-ignore-trump-if-fired He's appointed to a four-year term. Most fed chairs do things the President doesn't like. Their job is to rein in inflation. The Pres wants the economy roaring.
• The foreclosure and default rate are at the lowest rate in 20 years. https://www.corelogic.com/blog/2019/07/how-low-can-it-go-overall-delinquency-rate-lowest-in-more-than-20-years.aspx
• Why is the foreclosure rate so low? https://www.corelogic.com/blog/2019/07/expiration-of-the-cfpbs-qualified-mortgage-gse-patch-part-1.aspx
• It's disaster time - man-made and natural. Wild Fires and hurricanes. https://www.corelogic.com/blog/2019/07/wildfires-and-housing-markets.aspx
• https://realestate.usnews.com/real-estate/articles/5-house-flipping-mistakes-to-avoid
• https://www.cnbc.com/2019/07/11/feds-powell-trump-tariffs-immigration-policies-hit-us-homebuilders.html

• Follow up from James in Rochester - he bought two of my houses. If you are interested, email [email protected].
• MerryLynn, Milwaukee, WI "I am thinking of buying a condo to use for AirBnB. But the building a block away just banned owners from using AirBnB. Can they do that? And what would I do if they banned it in my building?"
• Samuel, Long Beach, CA "My flip is in a real hipster area. Should I do the wild colors I'm seeing up and down the street or be more neutral? I'm not sure how to go in-between."
• Elizabeth, Denver CO, "Can you flip apartments?"
• Milo, Columbus, OH, "Someone told me the Columbus market is hot. So tell me why my flip property isn't selling? It's the only rehabbed house in the neighborhood so it's price well above the other houses, but it should sell anyway right?"

• "If you're not making mistakes, then you're not doing anything. I'm positive that a doer makes mistakes." -John Wooden

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

Short Term rentals are a hot topic right now. Today we are doing the first of a two part series on them with a focus on AirBnB. Our guest is Superhost Rich Munroe of Diamond Edge Properties. He has his own properties and manages properties for other AirBnB hosts. He's coming along shortly to discuss the ins and outs of short term rentals and help us understand the amazing potential of this investing method.

And do you know what an AVM is? You should, because it's about to be involved of 70% of single family home transactions. The acronym stands for Automated Valuation Model. The problem is - AVMs are generally unreliable and can often create problems rather than solve them. I will explain.

Realogy is back in the news - this time not about their lawsuit against Compass. This time they have trouble of their own. Purplebricks is closing shop in the US, and we have an engagement announcement - Redfin and OpenDoor have announced a joint project in two cities. What that is and what it means to you is coming up.

Plus if we have time I'm going to share with you some towns that will pay you to live there and a few places you can get FREE land.

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.housingwire.com/articles/49547-opendoor-and-redfin-join-forces-to-begin-buying-houses-in-phoenix-and-atlanta
• https://www.housingwire.com/articles/49508-flat-fee-real-estate-agency-purplebricks-shuttering-us-business
• https://www.housingwire.com/articles/49506-expert-avms-will-soon-represent-70-of-valuations
• https://flatheadbeacon.com/2019/04/24/real-estate-market-trends-47/
• https://smartasset.com/mortgage/us-cities-that-will-pay-you-to-live-there
• https://www.aol.com/2010/10/19/click-here-for-free-land-five-places-where-land-is-free/

• "There are no secrets to success. It is the result of preparation, hard work, and learning from failure." - Colin Powell

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