Flipping America

Flipping America

By Roger BlankenshipBusinessEntrepreneurshipInvesting
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Flipping America episodes

  • Flipping America 266 Seth Williams REI Tipster
    FAR 266 Seth Williams, REI Tipster Opening:

    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. 

    How to contact us

    www.RogerBlankenship.com

    Facebook.com/flippingamericamedia

    Twitter and Instagram @FlippingAmerica

    Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. 

    Email your questions to [email protected]. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don’t mind. 

    Announcements:
    • 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.  
    Special Guest: Seth Williams, REI Tipster

    https://retipster.com/

    https://retipster.club/

     

    Your Questions: Send emails to [email protected]
    • 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.”
    Comment Line calls and Questions

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

    Motivational Thoughts for the day

     

    • “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,

    1 hr 1 min
  • Flipping America 268, Rich Munroe and AirBnB
    FAR 268 Notes Rich Munroe AirBnb Opening:

    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. 

    How to contact us

    www.RogerBlankenship.com

    Facebook.com/flippingamericamedia

    Twitter and Instagram @FlippingAmerica

    Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. 

    Email your questions to [email protected]. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don’t mind. 

    Announcements:
    • Lunch with me every Wednesday. Baraonda
    • My latest article in Forbes is out. bit.ly/findredeals.
    • The FAN is here!
    • Would you like to invest in the Flipping America projects across the country? Coming soon you will be able to for as little as $100. That’s right, Flipping America is partnering with Ground Floor Funding to create a crowd-funded platform where you can invest in the deals we are doing here. The fund will pay out a 8% preferred rate of return and can go as high as 16%. You can make money with me, the Flipping America Guy. 
    • Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think.
    • Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.  
    News:
    • 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/
    Motivational Thoughts for the day

     

    • “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

    1 hr 1 min
  • Flipping America 267, News and Information Overload
    FAR 267 Information Overload Opening:

    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. 

    How to contact us

    www.RogerBlankenship.com

    Facebook.com/flippingamericamedia

    Twitter and Instagram @FlippingAmerica

    Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. 

    Email your questions to [email protected]. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don’t mind. 

    Announcements:
    • Lunch with me every Wednesday. Baraonda
    • My latest article in Forbes is out. bit.ly/findredeals.
    • The FAN is here!
    • Would you like to invest in the Flipping America projects across the country? Coming soon you will be able to for as little as $100. That’s right, Flipping America is partnering with Ground Floor Funding to create a crowd-funded platform where you can invest in the deals we are doing here. The fund will pay out a 8% preferred rate of return and can go as high as 16%. You can make money with me, the Flipping America Guy. 
    • Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think.
    • Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.  
    News:
    • 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
    Your Questions: Send emails to [email protected]
    • 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?”
    Motivational Thoughts for the day

     

    • “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

    1 hr 1 min
  • Flipping America 262, Know Your "Why Nots"
    FAR 262 Know your Why Nots!

    A lot ot talk, several books, and valuable minutes of nearly every self-help seminar conducted in the past 10 years have been devoted to the topic of "Knowing Your Why." It's a trend for a good reason. It's important to know your Why and it's important to get beyond trivial things like "money" and "the stuff you buy with money." I value and salute the idea of "knowing your Why." But today I'm going to balance that with not a competing, but complementary idea. "Know Your Why Not."

    How to contact us

    www.RogerBlankenship.com

    Facebook.com/flippingamericamedia

    Twitter and Instagram @FlippingAmerica

    Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question.

    Email your questions to [email protected]. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don't mind.

    Announcements:
    • Lunch with me every Wednesday. Baraonda
    • My latest article in Forbes is out. bit.ly/findredeals.
    • The FAN is here!
    • Would you like to invest in the Flipping America projects across the country? Coming soon you will be able to for as little as $100. That's right, Flipping America is partnering with Ground Floor Funding to create a crowd-funded platform where you can invest in the deals we are doing here. The fund will pay out a 8% preferred rate of return and can go as high as 16%. You can make money with me, the Flipping America Guy.
    • Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It's a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think.
    • Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.
    News:
    • https://www.attomdata.com/news/market-trends/figuresfriday/how-much-do-you-need-to-earn-to-buy-a-home-near-you/
    • https://www.attomdata.com/news/market-trends/home-sales-prices/q2-2019-u-s-home-affordability-report/
    • https://www.attomdata.com/news/market-trends/may-2019-u-s-foreclosure-market-report/
    • https://www.attomdata.com/news/market-trends/figuresfriday/top-10-markets-where-home-flippers-are-flipping/
    Topic: Know Your "Why Not"

    A lot ot talk, several books, and valuable minutes of nearly every self-help seminar conducted in the past 10 years have been devoted to the topic of "Knowing Your Why." It's a trend for a good reason. It's important to know your Why and it's important to get beyond trivial things like "money" and "the stuff you buy with money." I value and salute the idea of "knowing your Why." But today I'm going to balance that with not a competing, but complementary idea. "Know Your Why Not."

    I mean Why Not in a couple of different ways. In the first section I'm going to talk about "Why Not" in terms of reasons why you should NOT pursue something. Then in Part Two I'll talk about "Why Not" in the sense of, well, why not? Why not go ahead with whatever…? These principles can apply to your ideas, your life choices, your career, your education, even your life partner. Bookmark this so you can come back to it when you face a significant decision.

    Why Not Part One:

    1. It doesn't fit YOU.
      1. Requires something from you that you don't have
        1. Personality type
        2. Maneuverability (think on your feet, adjust course as you go)
        3. Detail orientation
        4. Relational skills
        1. Skill set
        2. Ideation
        3. Follow-through
      2. Requires something you don't do well
        1. Sedentary vs Active
        2. Travel vs Stay home
        3. Early vs late hours
        4. Tied to a location vs Free to roam
      3. Requires a life-style you don't want
      1. It's too new (ideas you had in the past 24 hours)
      2. Risks - How can this come back to kick me in the fanny?
      3. How realistic the Opportunity is. "If I could just get 1 million people to give me a dollar…"
      4. Implementation
    2. You don't fully understand it.
      1. Fear of loss?
      2. Limited time opportunity?
      3. Short-cut?
      4. Greed?
      5. Vanity?
      6. Would your reason for doing this be consistent with your purpose in life?
    3. Your motivation is suspect

    Why Not, Part Two

    1. What do you have to lose? No really, think about what you can lose here.
      1. Time
      2. Money
      3. Relationship(s)
      4. Reputation
    2. More than Pros and Cons, weight the items by their importance and look at the score.
    3. Is this something you can "dip a toe in" to test? Ease in gradually before going all in?
      1. With projects, it's usually pass or fail, but you don't know what you don't know and you don't know what you might learn that could lead you to the next thing.
      2. With people there are multiple variables. You don't know who you don't know or who you might meet and how that might take you to the next person.
    4. Are there multiple unknown outcomes? Could there be several possible results?
    5. What happens if I take this to an extreme (unrealistic and sometimes illogical, but sometimes helpful).
    6. Does this put me in a position to make a positive move or draw closer to one of my ultimate goals?
    7. If I go for it, how long before I can back away if not working? What's my commitment?
    Your Questions: Send emails to [email protected]
    • 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.
      • Is this going into the August foreclosure sale? If so you have time, but you need to move quickly.
    • Great Questions:
      • 1. 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.
      • 2. 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.
      • 3. 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).
      • 4. He will not be able to re-finance the loan once he has turned it over to you.
      • 5. Once the property is in your name you may be able to re-finance into your name, depending on your credit and other qualifications.
      • 6. Take possession in your company name.
      • 7. 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.
      • 8. 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.
    Comment Line calls and Questions

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

    Motivational Thoughts for the day

    • "One Half of knowing what you want is knowing what you must give up before you get it." - Sidney Howard

    1 hr 1 min
  • Flipping America 262, Know Your "Why Nots"
    FAR 262 Know your Why Nots!

    A lot ot talk, several books, and valuable minutes of nearly every self-help seminar conducted in the past 10 years have been devoted to the topic of “Knowing Your Why.” It’s a trend for a good reason. It’s important to know your Why and it’s important to get beyond trivial things like “money” and “the stuff you buy with money.” I value and salute the idea of “knowing your Why.” But today I’m going to balance that with not a competing, but complementary idea. “Know Your Why Not.” 

    How to contact us

    www.RogerBlankenship.com

    Facebook.com/flippingamericamedia

    Twitter and Instagram @FlippingAmerica

    Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. 

    Email your questions to [email protected]. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don’t mind. 

    Announcements:
    • Lunch with me every Wednesday. Baraonda
    • My latest article in Forbes is out. bit.ly/findredeals.
    • The FAN is here!
    • Would you like to invest in the Flipping America projects across the country? Coming soon you will be able to for as little as $100. That’s right, Flipping America is partnering with Ground Floor Funding to create a crowd-funded platform where you can invest in the deals we are doing here. The fund will pay out a 8% preferred rate of return and can go as high as 16%. You can make money with me, the Flipping America Guy. 
    • Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think.
    • Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.  
    News:
    • https://www.attomdata.com/news/market-trends/figuresfriday/how-much-do-you-need-to-earn-to-buy-a-home-near-you/
    • https://www.attomdata.com/news/market-trends/home-sales-prices/q2-2019-u-s-home-affordability-report/
    • https://www.attomdata.com/news/market-trends/may-2019-u-s-foreclosure-market-report/
    • https://www.attomdata.com/news/market-trends/figuresfriday/top-10-markets-where-home-flippers-are-flipping/
    Topic: Know Your “Why Not”

    A lot ot talk, several books, and valuable minutes of nearly every self-help seminar conducted in the past 10 years have been devoted to the topic of “Knowing Your Why.” It’s a trend for a good reason. It’s important to know your Why and it’s important to get beyond trivial things like “money” and “the stuff you buy with money.” I value and salute the idea of “knowing your Why.” But today I’m going to balance that with not a competing, but complementary idea. “Know Your Why Not.” 

     

    I mean Why Not in a couple of different ways. In the first section I’m going to talk about “Why Not” in terms of reasons why you should NOT pursue something. Then in Part Two I’ll talk about “Why Not” in the sense of, well, why not? Why not go ahead with whatever…? These principles can apply to your ideas, your life choices, your career, your education, even your life partner. Bookmark this so you can come back to it when you face a significant decision. 

     

    Why Not Part One:

    1. It doesn’t fit YOU.
      1. Requires something from you that you don’t have
        1. Personality type
        2. Maneuverability (think on your feet, adjust course as you go)
        3. Detail orientation
        4. Relational skills
        1. Skill set
        2. Ideation
        3. Follow-through
      2. Requires something you don’t do well
        1. Sedentary vs Active
        2. Travel vs Stay home
        3. Early vs late hours 
        4. Tied to a location vs Free to roam
      3. Requires a life-style you don’t want
      1. It’s too new (ideas you had in the past 24 hours)
      2. Risks - How can this come back to kick me in the fanny?
      3. How realistic the Opportunity is. “If I could just get 1 million people to give me a dollar…”
      4. Implementation
    2. You don’t fully understand it.
      1. Fear of loss? 
      2. Limited time opportunity?
      3. Short-cut?
      4. Greed?
      5. Vanity?
      6. Would your reason for doing this be consistent with your purpose in life?
    3. Your motivation is suspect

     

    Why Not, Part Two

    1. What do you have to lose? No really, think about what you can lose here.
      1. Time
      2. Money
      3. Relationship(s)
      4. Reputation
    2. More than Pros and Cons, weight the items by their importance and look at the score. 
    3. Is this something you can “dip a toe in” to test? Ease in gradually before going all in?
      1. With projects, it’s usually pass or fail, but you don’t know what you don’t know and you don’t know what you might learn that could lead you to the next thing.
      2. With people there are multiple variables. You don’t know who you don’t know or who you might meet and how that might take you to the next person.
    4. Are there multiple unknown outcomes? Could there be several possible results?
    5. What happens if I take this to an extreme (unrealistic and sometimes illogical, but sometimes helpful).
    6. Does this put me in a position to make a positive move or draw closer to one of my ultimate goals?
    7. If I go for it, how long before I can back away if not working? What’s my commitment?
    Your Questions: Send emails to [email protected]
    • 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. 
      • Is this going into the August foreclosure sale? If so you have time, but you need to move quickly. 
    • Great Questions:
      • 1. 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. 
      • 2. 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. 
      • 3. 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). 
      • 4. He will not be able to re-finance the loan once he has turned it over to you. 
      • 5. Once the property is in your name you may be able to re-finance into your name, depending on your credit and other qualifications. 
      • 6. Take possession in your company name. 
      • 7. 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.
      • 8. 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. 
    Comment Line calls and Questions

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

    Motivational Thoughts for the day

     

    • “One Half of knowing what you want is knowing what you must give up before you get it.” - Sidney Howard

     

     

    1 hr 1 min
  • Flipping America 265, Private Money
    FAR 265 Opening:

    Show me the MONEY! Of course this is one of the more famous movie lines ever from Jerry Macguire. I know many people get involved in real estate after listening to late night infomercials about "no money down" investing and how you can buy real estate with no credit, none of your own money and so on. These deals do exist but you might have to stumble over 100 good deals to find one. Those 100 deals require some money. And that money can ONLY come from one of two sources: YOU or SOMEONE ELSE. Most of us, when we get started are using money from someone else. It can be a friend, family member, or a lender, but most of us just do not have cash lying around to buy a property.

    So how do you find the money and what is the best money to find? Our guest today is Susan Lassiter-Lyons and she is the author of the best-selling book "Getting the Money". She's coming along in a few minutes to lay some insight on us.

    Plus we've got the news. Attom Data has released the first quarter home flipping report and I'll be dissecting it for you later. And housing affordability is still in the news - the federal government has taken notice and is taking action. Flipping America is in the news also - more in a minute...

    How to contact us

    www.RogerBlankenship.com

    Facebook.com/flippingamericamedia

    Twitter and Instagram @FlippingAmerica

    Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question.

    Email your questions to [email protected]. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don't mind.

    Real Estate News-
    • Flipping America Meetup hits a milestone - Official membership crossed the 7000 threshold last month and now stands at 7068. Our groups have hosted 1095 events since we started. We are now doing at least two events every week and one of them could soon be in your town. Contact [email protected] if you are interested in seeing us in your town.
    • https://www.housingwire.com/articles/49485-most-homebuyers-would-sacrifice-a-big-yard-for-a-shorter-commute-realtorcom-says
    • Top Ten worst commutes:
      • American Avg. 26.9 min
      • 10. Philadelphia - 32
      • 10. Seattle - 32
      • 8. Los Angeles -33
      • 8. Miami - 33
      • 6. Atlanta - 35
      • 6. Chicago - 35
      • 4. San Francisco - 36
      • 2. Boston - 40
      • 2. New York - 40
      • 1. Washington DC - 41
    • https://www.housingwire.com/articles/49458-harvard-theres-a-housing-shortage-and-its-eroding-affordability
    • Harvard Study creates basic profile of new Homebuyer:
      • Age: under 35
      • Ethnicity: white
      • Marital status: married
      • Children: yes
      • Type of property selected: detached, single-family home
      • Square-footage of property selected: less than 1,500
      • Average home price: less than $200,000
    • https://www.housingwire.com/blogs/7-pulse/post/49493-pulse-affordable-housing-issues-are-stymying-the-mortgage-market-but-change-is-on-the-wayb
    • https://www.attomdata.com/news/market-trends/flipping/q1-2019-home-flipping-report/
    Announcements:
    • 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.
    Special Guest: Susan Lassiter-Lyons, author, "Getting The Money"

    https://www.amazon.com/Getting-Money-Simple-System-Private-ebook/dp/B00SLKXZNU/ref=sr_1_2?crid=2E0Q1CXIVSCDU&keywords=getting+the+money+by+susan+lassiter-lyons&qid=1562337505&s=gateway&sprefix=getting+the+money%2Caps%2C119&sr=8-2

    Comment Line calls and Questions

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

    Motivational Thoughts for the day

    • "I'm always doing that which I cannot do in order that I may learn how to do it." - Pablo Picasso

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

    1 hr 1 min
  • Flipping America 265, Private Money
    FAR 265 Opening:

    Show me the MONEY! Of course this is one of the more famous movie lines ever from Jerry Macguire. I know many people get involved in real estate after listening to late night infomercials about “no money down” investing and how you can buy real estate with no credit, none of your own money and so on. These deals do exist but you might have to stumble over 100 good deals to find one. Those 100 deals require some money. And that money can ONLY come from one of two sources: YOU or SOMEONE ELSE. Most of us, when we get started are using money from someone else. It can be a friend, family member, or a lender, but most of us just do not have cash lying around to buy a property. 

    So how do you find the money and what is the best money to find? Our guest today is Susan Lassiter-Lyons and she is the author of the best-selling book “Getting the Money”. She’s coming along in a few minutes to lay some insight on us. 

    Plus we’ve got the news. Attom Data has released the first quarter home flipping report and I’ll be dissecting it for you later. And housing affordability is still in the news - the federal government has taken notice and is taking action. Flipping America is in the news also - more in a minute...

    How to contact us

    www.RogerBlankenship.com

    Facebook.com/flippingamericamedia

    Twitter and Instagram @FlippingAmerica

    Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. 

    Email your questions to [email protected]. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don’t mind. 

    Real Estate News-
    • Flipping America Meetup hits a milestone - Official membership crossed the 7000 threshold last month and now stands at 7068. Our groups have hosted 1095 events since we started. We are now doing at least two events every week and one of them could soon be in your town. Contact [email protected] if you are interested in seeing us in your town. 
    • https://www.housingwire.com/articles/49485-most-homebuyers-would-sacrifice-a-big-yard-for-a-shorter-commute-realtorcom-says
    • Top Ten worst commutes: 
      • American Avg. 26.9 min
      • 10. Philadelphia - 32
      • 10. Seattle - 32
      • 8. Los Angeles -33
      • 8. Miami - 33
      • 6. Atlanta - 35
      • 6. Chicago - 35
      • 4. San Francisco - 36
      • 2. Boston - 40
      • 2. New York - 40
      • 1. Washington DC - 41
    • https://www.housingwire.com/articles/49458-harvard-theres-a-housing-shortage-and-its-eroding-affordability
    • Harvard Study creates basic profile of new Homebuyer:
      • Age: under 35
      • Ethnicity: white
      • Marital status: married
      • Children: yes
      • Type of property selected: detached, single-family home
      • Square-footage of property selected: less than 1,500
      • Average home price: less than $200,000
    • https://www.housingwire.com/blogs/7-pulse/post/49493-pulse-affordable-housing-issues-are-stymying-the-mortgage-market-but-change-is-on-the-wayb 
    • https://www.attomdata.com/news/market-trends/flipping/q1-2019-home-flipping-report/
    Announcements:
    • 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.  
    Special Guest: Susan Lassiter-Lyons, author, “Getting The Money”

    https://www.amazon.com/Getting-Money-Simple-System-Private-ebook/dp/B00SLKXZNU/ref=sr_1_2?crid=2E0Q1CXIVSCDU&keywords=getting+the+money+by+susan+lassiter-lyons&qid=1562337505&s=gateway&sprefix=getting+the+money%2Caps%2C119&sr=8-2

    Comment Line calls and Questions

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

    Motivational Thoughts for the day

     

    • “I’m always doing that which I cannot do in order that I may learn how to do it.” - Pablo Picasso

     

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

    1 hr 1 min
  • Flipping America 262, Pittsburgh!

    Today we are talking Pittsburgh Pennsylvania in our Market Focus. Coming up we are going to zero in on the Pittsburgh market and I talk to four of the movers and shakers getting it done in Steel City USA. The economy is roaring, the real estate market is hot, home prices are up and continue to increase, everything is looking rosy in Pittsburg. If you have the Flipping America app, you'll have access to all of our research, but rather than hear me read you the research, let's talk to the actual people. Alex Deacon, Josh Caldwell, Cindy Rack, and Ryan Scialaba are joining us now.

    How to contact us

    www.RogerBlankenship.com

    Facebook.com/flippingamericamedia

    Twitter and Instagram @FlippingAmerica

    Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question.

    Email your questions to [email protected]. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don't mind.

    Announcements:
    • 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.
    Topic: PIttsburgh, PA Pittsburgh

    https://en.wikipedia.org/wiki/Pittsburgh

    Market Summary:

    There are currently 1,451 properties in Pittsburgh, PA that are in some stage of foreclosure (default, auction or bank owned).

    In April, the number of properties that received a foreclosure filing in Pittsburgh, PA was 14% lower than the previous month and 2% higher than the same time last year.

    Home sales for March 2019 were up 0% compared with the previous month, and up 0% compared with a year ago. The median sales price of a non-distressed home was $0. The median sales price of a foreclosure home was $0, or 0% higher than non-distressed home sales.

    Population

    308,003

    Cost of Living Index

    96.04

    Crime Index

    212.51 (C-)

    Schools

    144 (C+)

    Household Median Income

    $36,019

    Unemployment

    4.90%

    Percentage of vacant homes

    16.04%

    Foreclosures

    1,451

    Homes for sale

    1,007

    Foreclosure Rates for Pittsburgh:

    1 in every 1864

    Top 5 zips:

    15235 - 1 in every 591 Highest rate

    15204 - 1 in every 668

    15223 - 1 in every 829

    15210 - 1 in every 931

    15218 - 1 in every 1253 Lowest rate

    Demographics: http://worldpopulationreview.com/us-cities/pittsburgh-population/

    US Demographics: https://en.wikipedia.org/wiki/Demography_of_the_United_States

    Real Estate Market Trends - Pittsburgh: http://www.noradarealestate.com/blog/pittsburgh-real-estate-market/

    https://www.trulia.com/real_estate/Pittsburgh-Pennsylvania/market-trends/

    USA Real Estate Market Trends

    https://www.globalpropertyguide.com/North-America/United-States/Price-History

    The nation's hottest housing markets

    https://themortgagereports.com/50802/the-nations-hottest-housing-markets-is-your-city-one-of-them

    Real Estate News- Local News (Atlanta)

    Atlanta Fed President Bostic does not see a rate cut this year like the market is telegraphing

    https://www.cnbc.com/2019/05/20/atlanta-fed-president-bostic-does-not-see-a-rate-cut-this-year-like-the-market-is-telegraphing.html

    Fed speakers could steal focus from trade war in week ahead

    https://www.cnbc.com/2019/05/17/fed-speakers-could-steal-focus-from-trade-war-in-week-ahead.html

    JP Morgan slashes second-quarter GDP forecast to just 1%

    https://www.cnbc.com/2019/05/24/jp-morgan-slashes-second-quarter-gdp-forecast-to-just-1percent.html

    Stocks close lower as tech takes brunt of trade tensions

    https://www.marketwatch.com/story/stocks-poised-to-start-the-week-lower-as-trade-tensions-persist-2019-05-20

    National News

    Tech Hubs giving cities a Real Estate Boost

    https://www.mansionglobal.com/articles/tech-hubs-giving-cities-a-real-estate-boost-203366

    Melinda Gates is funding this Wall Street rebel who is teaching women to invest and stick it to the banks

    https://www.cnbc.com/2019/05/23/melinda-gates-is-funding-this-wall-street-rebel-helping-women-invest.html

    Home prices hit a record, as higher-end listings dominate this spring's market

    https://www.cnbc.com/2019/04/04/home-prices-hit-a-new-record.html

    8 affordable U.S. cities for the middle class to buy a home

    https://www.cnbc.com/2019/05/09/affordable-us-cities-for-the-middle-class-to-buy-a-home.html

    US housing starts rose more than expected in April

    https://www.cnbc.com/2019/05/16/housing-starts-april-2019.html

    A $1,000 Monthly Mortgage Is Real—in These 10 Bargain Cities

    https://www.realtor.com/news/trends/1000-a-month-mortgage-in-these-10-bargain-cities/

    The Amazon Effect: Prices Up, Listings Down Near Its New HQ2 in Virginia

    https://www.realtor.com/news/trends/the-amazon-effect-prices-up-listings-down-near-its-new-hq2-in-virginia/

    Real estate: 3 challenges facing first-time homebuyers this spring

    https://www.usatoday.com/story/money/2019/05/02/real-estate-market-how-buy-home-spring/3563380002/

    ATTOM Data Solutions recently released its Q1 2019 Home Sales Report, which broke down various datasets on how the housing market is fairing.

    https://www.attomdata.com/news/most-recent/where-my-first-time-buyers-at/

    House passes bipartisan bill that will make saving for retirement easier

    https://www.housingwire.com/articles/49130-house-passes-bipartisan-bill-that-will-make-saving-for-retirement-easier

    International News

    Why the worst may be yet to come for stocks as trade war tensions persist

    https://www.cnbc.com/2019/05/27/trade-war-talks-could-fail-and-surprise-wall-street-bny-mellon-warns.html

    The China trade war is leading to lower mortgage rates for American homebuyers

    https://www.cnbc.com/2019/05/23/china-trade-war-leads-to-lower-mortgage-rates-for-americans.html

    Wall Street is becoming convinced the trade war is here to stay and will only get worse

    https://www.cnbc.com/2019/05/23/wall-street-is-becoming-convinced-the-trade-war-is-here-to-stay-and-will-only-get-worse.html

    Celebrity surgeon went 'all in' on $180 million Bel Air mansion, then came the high-end housing glut

    https://www.cnbc.com/2019/05/22/celebrity-surgeon-goes-all-in-on-180-million-bel-air-mansion.html

    Above and beyond: how 3 real estate leaders earned a referral

    https://www.inman.com/2019/05/27/above-and-beyond-how-3-real-estate-leaders-earned-a-referral/

    Is Intercontinental International Real Estate Investment Company (ATH:INTERCO) Potentially Underrated?

    https://finance.yahoo.com/news/intercontinental-international-real-estate-investment-101702619.html

    Comment Line calls and Questions

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

    Motivational Thoughts for the day

    • "The Pessimist Sees Difficulty In Every Opportunity. The Optimist Sees Opportunity In Every Difficulty." – Winston Churchill

    1 hr 1 min
  • Flipping America 262, Pittsburgh!

    Today we are talking Pittsburgh Pennsylvania in our Market Focus. Coming up we are going to zero in on the Pittsburgh market and I talk to four of the movers and shakers getting it done in Steel City USA. The economy is roaring, the real estate market is hot, home prices are up and continue to increase, everything is looking rosy in Pittsburg. If you have the Flipping America app, you’ll have access to all of our research, but rather than hear me read you the research, let’s talk to the actual people. Alex Deacon, Josh Caldwell, Cindy Rack, and Ryan Scialaba are joining us now.

    How to contact us

    www.RogerBlankenship.com

    Facebook.com/flippingamericamedia

    Twitter and Instagram @FlippingAmerica

    Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. 

    Email your questions to [email protected]. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don’t mind. 

    Announcements:
    • 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.  
    Topic: PIttsburgh, PA Pittsburgh

    https://en.wikipedia.org/wiki/Pittsburgh

     

    Market Summary:

    There are currently 1,451 properties in Pittsburgh, PA that are in some stage of foreclosure (default, auction or bank owned).

     

    In April, the number of properties that received a foreclosure filing in Pittsburgh, PA was 14% lower than the previous month and 2% higher than the same time last year. 

     

    Home sales for March 2019 were up 0% compared with the previous month, and up 0% compared with a year ago. The median sales price of a non-distressed home was $0. The median sales price of a foreclosure home was $0, or 0% higher than non-distressed home sales.

     

    Population

    308,003

    Cost of Living Index

    96.04

    Crime Index

    212.51 (C-)

    Schools

    144 (C+)

    Household Median Income

    $36,019

    Unemployment

    4.90%

    Percentage of vacant homes

    16.04%

    Foreclosures

    1,451

    Homes for sale

    1,007


    Foreclosure Rates for Pittsburgh:

    1 in every 1864

    Top 5 zips: 

    15235 - 1 in every 591 Highest rate

    15204 - 1 in every 668

    15223 - 1 in every 829 

    15210 - 1 in every 931

    15218 - 1 in every 1253 Lowest rate

    Demographics: http://worldpopulationreview.com/us-cities/pittsburgh-population/

    US Demographics: https://en.wikipedia.org/wiki/Demography_of_the_United_States

     

    Real Estate Market Trends - Pittsburgh: http://www.noradarealestate.com/blog/pittsburgh-real-estate-market/

    https://www.trulia.com/real_estate/Pittsburgh-Pennsylvania/market-trends/

     

    USA Real Estate Market Trends

    https://www.globalpropertyguide.com/North-America/United-States/Price-History

     

    The nation’s hottest housing markets

    https://themortgagereports.com/50802/the-nations-hottest-housing-markets-is-your-city-one-of-them

     

    Real Estate News- Local News (Atlanta)

    Atlanta Fed President Bostic does not see a rate cut this year like the market is telegraphing

    https://www.cnbc.com/2019/05/20/atlanta-fed-president-bostic-does-not-see-a-rate-cut-this-year-like-the-market-is-telegraphing.html

     

    Fed speakers could steal focus from trade war in week ahead

    https://www.cnbc.com/2019/05/17/fed-speakers-could-steal-focus-from-trade-war-in-week-ahead.html

     

    JP Morgan slashes second-quarter GDP forecast to just 1%

    https://www.cnbc.com/2019/05/24/jp-morgan-slashes-second-quarter-gdp-forecast-to-just-1percent.html

     

    Stocks close lower as tech takes brunt of trade tensions

    https://www.marketwatch.com/story/stocks-poised-to-start-the-week-lower-as-trade-tensions-persist-2019-05-20

     

    National News

    Tech Hubs giving cities a Real Estate Boost

    https://www.mansionglobal.com/articles/tech-hubs-giving-cities-a-real-estate-boost-203366

     

    Melinda Gates is funding this Wall Street rebel who is teaching women to invest and stick it to the banks

    https://www.cnbc.com/2019/05/23/melinda-gates-is-funding-this-wall-street-rebel-helping-women-invest.html

     

    Home prices hit a record, as higher-end listings dominate this spring’s market

    https://www.cnbc.com/2019/04/04/home-prices-hit-a-new-record.html

     

    8 affordable U.S. cities for the middle class to buy a home

    https://www.cnbc.com/2019/05/09/affordable-us-cities-for-the-middle-class-to-buy-a-home.html

     

    US housing starts rose more than expected in April

    https://www.cnbc.com/2019/05/16/housing-starts-april-2019.html

     

    A $1,000 Monthly Mortgage Is Real—in These 10 Bargain Cities

    https://www.realtor.com/news/trends/1000-a-month-mortgage-in-these-10-bargain-cities/

     

    The Amazon Effect: Prices Up, Listings Down Near Its New HQ2 in Virginia

    https://www.realtor.com/news/trends/the-amazon-effect-prices-up-listings-down-near-its-new-hq2-in-virginia/

     

    Real estate: 3 challenges facing first-time homebuyers this spring

    https://www.usatoday.com/story/money/2019/05/02/real-estate-market-how-buy-home-spring/3563380002/

     

    ATTOM Data Solutions recently released its Q1 2019 Home Sales Report, which broke down various datasets on how the housing market is fairing. 

    https://www.attomdata.com/news/most-recent/where-my-first-time-buyers-at/

     

    House passes bipartisan bill that will make saving for retirement easier

    https://www.housingwire.com/articles/49130-house-passes-bipartisan-bill-that-will-make-saving-for-retirement-easier

    International News

    Why the worst may be yet to come for stocks as trade war tensions persist

    https://www.cnbc.com/2019/05/27/trade-war-talks-could-fail-and-surprise-wall-street-bny-mellon-warns.html

     

    The China trade war is leading to lower mortgage rates for American homebuyers

    https://www.cnbc.com/2019/05/23/china-trade-war-leads-to-lower-mortgage-rates-for-americans.html

     

    Wall Street is becoming convinced the trade war is here to stay and will only get worse

    https://www.cnbc.com/2019/05/23/wall-street-is-becoming-convinced-the-trade-war-is-here-to-stay-and-will-only-get-worse.html

     

    Celebrity surgeon went ‘all in’ on $180 million Bel Air mansion, then came the high-end housing glut

    https://www.cnbc.com/2019/05/22/celebrity-surgeon-goes-all-in-on-180-million-bel-air-mansion.html

     

    Above and beyond: how 3 real estate leaders earned a referral

    https://www.inman.com/2019/05/27/above-and-beyond-how-3-real-estate-leaders-earned-a-referral/

     

    Is Intercontinental International Real Estate Investment Company (ATH:INTERCO) Potentially Underrated?

    https://finance.yahoo.com/news/intercontinental-international-real-estate-investment-101702619.html

    Comment Line calls and Questions

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

    Motivational Thoughts for the day

     

    • “The Pessimist Sees Difficulty In Every Opportunity. The Optimist Sees Opportunity In Every Difficulty.” – Winston Churchill

     

     

    1 hr 1 min
  • Flipping America 263, The Real Estate Baddie

    Lauren Kingsbury is a current senior at Hampton University.She will be graduating in December 2019; She attained her real estate license at 18 years old and affiliated with Keller Williams Preferred Properties in 2017. Currently, Lauren is a full-time student and a part-time real estate agent; she currently is working full-time real estate for the summer to acquire her first investment property in August of this year. She works on a team with her mentor/mom Tracy Goins and assists with the day to day residential real estate activities. She hosts "Millennials Moving Out: Your Guide to More Money and More Freedom" at various colleges to spark the real estate conversation with young adults and recently released a rap video about real estate to keep young adults interested in learning about the real estate market/industry.

    FAR 263

    Lauren Kingsbury, Real Estate Baddie

    Link:

    https://realestatebaddie.com/

    https://www.instagram.com/realestatebaddie/

    https://www.youtube.com/watch?v=behHBIkImmo&feature=youtu.be

    How to contact us

    www.RogerBlankenship.com

    Facebook.com/flippingamericamedia

    Twitter and Instagram @FlippingAmerica

    Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question.

    Email your questions to [email protected]. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don't mind.

    Announcements:
    • Lunch with me every Wednesday. Baraonda
    • My latest article in Forbes is out. bit.ly/findredeals.
    • The FAN is here!
    • Would you like to invest in the Flipping America projects across the country? Coming soon you will be able to for as little as $100. That's right, Flipping America is partnering with Ground Floor Funding to create a crowd-funded platform where you can invest in the deals we are doing here. The fund will pay out a 8% preferred rate of return and can go as high as 16%. You can make money with me, the Flipping America Guy.
    • Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It's a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think.
    • Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.
    News:

    Regular Real Estate News.

    • Matt Lauer Looking for a Buyer for His Waterfront Estate in the Hamptons
    • TechCrunch Founder Sells $1.6 Million House on Crypto Real Estate Platform
    • Syracuse.com real estate update includes gas stations, Skaneateles assisted living facility
    • Costs $200k and now you have a flight of stairs. Flood Threats Prompt Call to Raise Houses
    • You should not be surprised that kitchens and bathrooms are in the budget! 10 Projects That Blow Fixer-Uppers' Budgets
    • Build-to-rent is going public! Build-to-rent housing market explodes as investors rush in
    • Let's blame tariffs, the global economy, and President Trump. Why not global warming? Surely that had something to do with it? New home sales sank 7.8% in May, despite a big drop in mortgage rates
    • Are investors pricing out first-time home buyers?
    • Doug Duncan, Fannie Mae Chief Economist, points out the wide open opportunity for builders for first-time home buyers. Most new construction is for move-up buyers. https://www.cnbc.com/video/2019/06/27/heres-what-fannie-mae-is-forecasting-for-the-housing-market.html
    Your Questions: Send emails to [email protected]

    Don't send your sales pitches to this email. Especially the really terrible "you can buy my product at a discount" with a link and NO explanation. No sales letter. If you think my team is just going to click a link in an email come on. If you have a product or service you would like for us to review, you can let us know and someone from our team will reach out to you.

    • Cameron, Shandria, Atlanta, GA, Eric, Jackson, Kimberly, Cassandra, Elliott, Terrence, Kenedra, and Sharon "What are the steps for getting started in this business?"
    • Allison, Fort Worth, TX "I have a plan and I have a local mentor. I'm starting out wholesaling and hope to move on to fixing and flipping and rentals next. I am single and work from 7:30 - 3:30 each day. I don't hate my job, but I don't see a future in it either. How long do I need to wait before I quit?"
    • Corey, Boulder, CO "Prices are pretty high here. Is it better if I start somewhere else?"
    • Natalie, St. Louis, "My boyfriend and I are about 60% finished with our first flip and we are having our first major disagreement. The house is in an up and coming hipster type area and he wants to paint some pretty bold colors, both inside and outside. I know this may seem like the opposite of the stereotype, but I want the colors to be neutral. This might be relationship advice clothed as a real estate question, but what do we do?"
    • Xander, Battle Creek, MI "It's been tough around here for a few years, but it looks like the jobs are coming back and things may be looking bright. So I'm starting to pick up some cheap rentals. My question is about the future. What if the jobs leave again? Where would that leave me and how do I survive?"
    Comment Line calls and Questions

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

    Motivational Thoughts for the day

    "When you know what you want, and want it bad enough, you'll find a way to get it. – Jim Rohn"

    1 hr 1 min

About Flipping America

From the publisher's feed

We teach you how to make money in real estate. We cover news, trends, styles, markets, demographics, and technology that affect real estate investing. We also talk to market leaders and trend setters. Lastly, there's a bit of how-to information on nearly every show, with topics, Q&A from listeners, and presentations from our guests. Learn how to make and grow a fortune in your spare time or as a new career.