Flipping America

FAR 199 Chantelle Owens

Expected Air Date: 10/20/18

Opening

We are excited today to be broadcasting the show via livestream from our studio in Sandy Springs, Atlanta. We have Chantelle Owens here with us and today we are going to be talking about tax liens. I call her the Queen of Tax Liens! Chantelle has a boot camp coming up here in Atlanta and we will be talking about that as well as the tax sale process in general. As a little bonus surprise I’ve been storing up some of your questions about tax liens just for this show. I’m going to throw them to Chantelle in a little while.

How to contact us

www.flippingamericanetwork.com

Facebook.com/flippingamericamedia

Twitter and Instagram @FlippingAmerica

YouTube: bit.ly/FlippingAmericaOnYouTube

Linkedin: bit.ly/FlippingAmericaOnLinkedIn

We now have a profile at houzz.com for what it’s worth.

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

Announcements:

• FlipStarter Nov 2-3, Atlanta, GA  
• Lunch with me every Wednesday.
• 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.  

Guest:  Chantelle Owens, The Queen of Tax Liens Emails:

[email protected]  Tell us where you’re from!

• Cher, Silver Spring, MD, “What’s the difference between a Tax Deed and a Tax Certificate?”
• Anthony, Boulder, CO, “When I buy a tax lien, I really just want the 12% return on my money. I don’t want the property. What do I do if I end up with an unredeemed property?”
• Scarlett, Pittsburgh, PA, “Where can I go to learn about the properties being sold in the tax sale?”
• James, Stockbridge, GA, “How long is the redemption period?”
• Aubrey, Tampa, FL, “If I buy a tax deed and the property has a mortgage on it, do I have to pay off the mortgage or what do I do?”
• Winona, Baltimore, MD, “I have never owned a business and don’t really want to. I have looked into owning rentals and don’t think I want to do that either. But I like the house flipping TV shows and I enjoy your show as well. I think I want to be involved in real estate, but I just want to put money into something safe with a good return. What would you recommend?”
• Gary, Anderson, IN, “I plan to buy a fix and flip with a hard money loan, move into it for 6 to 8 months while I’m working on it, sell, then move on to the next one. A friend told me it wouldn’t work. Who is right?”
• Brad, Macon, GA, “I’m looking at a package of 23 single family homes. The seller is asking $1.4 million (about 61k avg.) for them. The average monthly income for the past 12 months has been $13,800. Four of the houses are vacant and have been for about 3 months. So that would take the income up if I got them rented out. I’m not sure how to approach this deal. I’ve always wanted to own rental properties and this seems like a way to get a bunch at one time.”

FAR 198 The Guru Scam

Expected Air Date: 10/18/18

Opening

A friend sent me an email the other day with information about a real estate seminar he had signed up to attend. Wanted me to check it out and tell him what I thought. I did some checking and told him he was in for a high pressure sales pitch that rivaled something between a time-share and a used car. But they would be much more polished than either - in fact, you might not even realize you were being conned.

I've seen these hucksters for years traveling the countryside taking people's money and providing cheap canned information that anyone could learn for free. What's worse is they know exactly how to convince you to pay $20-$50,000 and get their money by "helping" you raise your limits on existing credit cards or by borrowing from life insurance policies or your 401-K. If you've listened to my shows awhile you know I tend to get on a rant about this practice, but today I'm going to back up and have a little fun. A little later on I'm going to give you my Top Ten signs you're real estate seminar is a worthless con.

We also have Bre Braswell joining us today. She is a Principal at Sole Source Funding and she's going to tell you how you can get up to $250,000 in unsecured funding to use in your business. That's right. $250,000. Unsecured. Not attached to your personal credit. Game-changer.

How to contact us

www.flippingamericanetwork.com

Facebook.com/flippingamericamedia

Twitter and Instagram @FlippingAmerica

YouTube: bit.ly/FlippingAmericaOnYouTube

Linkedin: bit.ly/FlippingAmericaOnLinkedIn

We now have a profile at houzz.com for what it's worth.

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

Announcements:

• FlipStarter Nov 2-3, Atlanta, GA
• Lunch with me every Wednesday.
• 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.

Guest: Bre Braswell, Sole Source Funding Topic: The Top Ten Ways to Know Your Real Estate Seminar is Actually a Con:

1. The "nationally known" guru is not in attendance.
   1. Whose experience is being taught?
   2. Who has the experience to be able to credibly answer audience questions?
   3. What is the actual experience of the presenter and can it be verified?
2. The name of the company behind the event is vague, not mentioned, or purposely mis-leading.
   1. Where is their headquarters?
   2. Who is the person or persons behind this company? Someone did the work to gain the experience to teach.
   3. This can be taught from a curriculum and a powerpoint, but the most polished professional who is also inexperienced cannot truly serve a real estate audience.
3. The Presenter's real estate credentials cannot be easily verified.
   1. Does he or she provide addresses of actual properties flipped?
4. The Presenter does this presentation more than once a month. If they travel and do this presentation more than once a month there is NO possible way they are actively fixing and flipping houses.
5. Early in the presentation (usually within the first two hours), they will have you fill out a worksheet with all of your assets as possible funding sources. Available credit card spending, 401k balance, cash value of insurance policies, etc. Later they will use this information to prove to you that you actually can afford their 20-50k in training.
6. They take time to teach you how to call your credit card providers and ask for an increase in your limit. The really sneaky ones will put you in a group, challenge everyone to do it, bring you back and see if you collectively came up with an amount that would buy a house.
7. They make lots of promises to you. And they will seem great!
   1. Results - lifestyle.
8. They have an emotional story of their own financial distress and real estate saved the day.
9. They will not let you take photos of the screens or record the event.
10. They want to sell you another more expensive course. Free - Low Cost - High Cost - Upgrade.

Ways to check ahead of time:

1. Check the name of the company. Look at their website. See what they emphasize.
2. Google the name of the company followed by the word "reviews." This may not be helpful, but it can be. One company I researched had over 1000 hits on a website called "Ripoff Report." Anyone can say anything there and not all of it should be believed. But 1000 reports?
3. Ask in online forums - Bigger Pockets, Connected Investors, Facebook Groups, Google Plus Groups etc. What have you heard about …?
4. At the event, get the presenter's full name. Find out where he/she is from. Note as many property addresses as you can during the event. Check those addresses online for ownership and transfers of ownership. Look for an entity that owned the property for 4-6 months in the past two years. Later on, if you get a chance to speak with the presenter, casually drop the name of the entity you found and see if you get a glimmer of recognition. If you're convinced they are lying, just for fun, make up an entity name (or use your own if you have one) and ask them if that was the entity that bought 123 Main St (or whatever). See if they say yes.

Comment Line calls and Questions

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

Motivational Thoughts for the day

• Earn a lot so you can have a lot so you can give a lot.
• -Tom Olson

FAR 198 The Guru Scam

Expected Air Date: 10/18/18

Opening

A friend sent me an email the other day with information about a real estate seminar he had signed up to attend. Wanted me to check it out and tell him what I thought. I did some checking and told him he was in for a high pressure sales pitch that rivaled something between a time-share and a used car. But they would be much more polished than either - in fact, you might not even realize you were being conned.

I’ve seen these hucksters for years traveling the countryside taking people’s money and providing cheap canned information that anyone could learn for free. What’s worse is they know exactly how to convince you to pay $20-$50,000 and get their money by “helping” you raise your limits on existing credit cards or by borrowing from life insurance policies or your 401-K. If you’ve listened to my shows awhile you know I tend to get on a rant about this practice, but today I’m going to back up and have a little fun. A little later on I’m going to give you my Top Ten signs you’re real estate seminar is a worthless con.

We also have Bre Braswell joining us today. She is a Principal at Sole Source Funding and she’s going to tell you how you can get up to $250,000 in unsecured funding to use in your business. That’s right. $250,000. Unsecured. Not attached to your personal credit. Game-changer.

How to contact us

www.flippingamericanetwork.com

Facebook.com/flippingamericamedia

Twitter and Instagram @FlippingAmerica

YouTube: bit.ly/FlippingAmericaOnYouTube

Linkedin: bit.ly/FlippingAmericaOnLinkedIn

We now have a profile at houzz.com for what it’s worth.

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

Announcements:

• FlipStarter Nov 2-3, Atlanta, GA  
• Lunch with me every Wednesday.
• 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.  

Guest:  Bre Braswell, Sole Source Funding Topic: The Top Ten Ways to Know Your Real Estate Seminar is Actually a Con:

1. The “nationally known” guru is not in attendance.
   1. Whose experience is being taught?
   2. Who has the experience to be able to credibly answer audience questions?
   3. What is the actual experience of the presenter and can it be verified?
2. The name of the company behind the event is vague, not mentioned, or purposely mis-leading.
   1. Where is their headquarters?
   2. Who is the person or persons behind this company? Someone did the work to gain the experience to teach.
   3. This can be taught from a curriculum and a powerpoint, but the most polished professional who is also inexperienced cannot truly serve a real estate audience.
3. The Presenter’s real estate credentials cannot be easily verified.
   1. Does he or she provide addresses of actual properties flipped?
4. The Presenter does this presentation more than once a month. If they travel and do this presentation more than once a month there is NO possible way they are actively fixing and flipping houses.
5. Early in the presentation (usually within the first two hours), they will have you fill out a worksheet with all of your assets as possible funding sources. Available credit card spending, 401k balance, cash value of insurance policies, etc. Later they will use this information to prove to you that you actually can afford their 20-50k in training.
6. They take time to teach you how to call your credit card providers and ask for an increase in your limit. The really sneaky ones will put you in a group, challenge everyone to do it, bring you back and see if you collectively came up with an amount that would buy a house.
7. They make lots of promises to you. And they will seem great!
   1. Results - lifestyle.
8. They have an emotional story of their own financial distress and real estate saved the day.
9. They will not let you take photos of the screens or record the event.
10. They want to sell you another more expensive course. Free - Low Cost - High Cost - Upgrade.

Ways to check ahead of time:

1. Check the name of the company. Look at their website. See what they emphasize.
2. Google the name of the company followed by the word “reviews.” This may not be helpful, but it can be. One company I researched had over 1000 hits on a website called “Ripoff Report.” Anyone can say anything there and not all of it should be believed. But 1000 reports?
3. Ask in online forums - Bigger Pockets, Connected Investors, Facebook Groups, Google Plus Groups etc. What have you heard about …?
4. At the event, get the presenter’s full name. Find out where he/she is from. Note as many property addresses as you can during the event. Check those addresses online for ownership and transfers of ownership. Look for an entity that owned the property for 4-6 months in the past two years. Later on, if you get a chance to speak with the presenter, casually drop the name of the entity you found and see if you get a glimmer of recognition. If you’re convinced they are lying, just for fun, make up an entity name (or use your own if you have one) and ask them if that was the entity that bought 123 Main St (or whatever). See if they say yes.

Comment Line calls and Questions

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

Motivational Thoughts for the day

• Earn a lot so you can have a lot so you can give a lot.
• -Tom Olson

FAR 197 Leslie Smith, Commercial Direct

Expected Air Date: 10/15/18

Opening

Leslie Smith led the launch of Silver Hill Funding in 2016, and is building on that experience to spearhead the launch of the consumer-facing direct lender, Commercial Direct. An experienced financial services professional and thought leader with more than 20 years in the industry, she has been instrumental in leading multiple initiatives that expanded companies into international markets, as well as developing systems and programs to drive operational productivity and efficiency.

How to contact us

www.flippingamericanetwork.com

Facebook.com/flippingamericamedia

Twitter and Instagram @FlippingAmerica

YouTube: bit.ly/FlippingAmericaOnYouTube

Linkedin: bit.ly/FlippingAmericaOnLinkedIn

We now have a profile at houzz.com for what it's worth.

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

Announcements:

• FlipStarter Nov 2-3, Atlanta, GA
• Lunch with me every Wednesday.
• 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.

Guest: Leslie Smith, Commercial Direct Lending Comment Line calls and Questions

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

Emails:

[email protected] Tell us where you're from!

• Sonia, Madison, WI "I was channel surfing while driving through Milwaukee the other day and caught a bit of your show. Good information. I've love those house flipping TV shows! How would a person go about getting into this business?"
• Sandra, Long Beach, CA "I'm thinking about buying a couple of rental houses up in the Valley but at over 2 hours of driving each way, I don't want to have to be running up there every time someone needs a light bulb changed. What options do I have?"
• Kwame, Cincinatti, OH, "Do I take a great deal on an old house with a big rehab or an ok deal on a 6 year old house with a light rehab. I listen to you show - I can't do both."
• Samuel, Pittsburgh, PA, "Do you think the Steelers have a realistic shot at the Super Bowl this year? Just kidding. My real question is after Saturday do you think Notre Dame should still be a top ten team? Still kidding. Seriously, what are the best 2 or 3 ways to look for my next rental? I have a good job, just trying to buy 1 rental every year. I have 2 already. I bought the first one before I heard of you and bought the second one after listening to your show for awhile. The second one is doing much better. I like managing myself and plan to do that until I get to 8 or 10."
• Risa, Atlanta, GA and San Juan, PR. "Are the principles for investing on the mainland the same as in Puerto Rico? I'm thinking about buying a vacation rental back home."

Motivational Thoughts for the day

• Earn a lot so you can have a lot so you can give a lot.
• -Tom Olson

FAR 197 Leslie Smith, Commercial Direct

Expected Air Date: 10/15/18

Opening

Leslie Smith led the launch of Silver Hill Funding in 2016, and is building on that experience to spearhead the launch of the consumer-facing direct lender, Commercial Direct. An experienced financial services professional and thought leader with more than 20 years in the industry, she has been instrumental in leading multiple initiatives that expanded companies into international markets, as well as developing systems and programs to drive operational productivity and efficiency.

How to contact us

www.flippingamericanetwork.com

Facebook.com/flippingamericamedia

Twitter and Instagram @FlippingAmerica

YouTube: bit.ly/FlippingAmericaOnYouTube

Linkedin: bit.ly/FlippingAmericaOnLinkedIn

We now have a profile at houzz.com for what it’s worth.

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

Announcements:

• FlipStarter Nov 2-3, Atlanta, GA  
• Lunch with me every Wednesday.
• 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.  

Guest:  Leslie Smith, Commercial Direct Lending Comment Line calls and Questions

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

Emails:

[email protected]  Tell us where you’re from!

• Sonia, Madison, WI “I was channel surfing while driving through Milwaukee the other day and caught a bit of your show. Good information. I’ve love those house flipping TV shows! How would a person go about getting into this business?”
• Sandra, Long Beach, CA “I’m thinking about buying a couple of rental houses up in the Valley but at over 2 hours of driving each way, I don’t want to have to be running up there every time someone needs a light bulb changed. What options do I have?”
• Kwame, Cincinatti, OH, “Do I take a great deal on an old house with a big rehab or an ok deal on a 6 year old house with a light rehab. I listen to you show - I can’t do both.”
• Samuel, Pittsburgh, PA, “Do you think the Steelers have a realistic shot at the Super Bowl this year? Just kidding. My real question is after Saturday do you think Notre Dame should still be a top ten team? Still kidding. Seriously, what are the best 2 or 3 ways to look for my next rental? I have a good job, just trying to buy 1 rental every year. I have 2 already. I bought the first one before I heard of you and bought the second one after listening to your show for awhile. The second one is doing much better. I like managing myself and plan to do that until I get to 8 or 10.”
• Risa, Atlanta, GA and San Juan, PR. “Are the principles for investing on the mainland the same as in Puerto Rico? I’m thinking about buying a vacation rental back home.”

Motivational Thoughts for the day

• Earn a lot so you can have a lot so you can give a lot.
• -Tom Olson

FAR 196 Tom Olson, Community Go Giver

Expected Air Date: 10/11/18

Opening

Tom Olson is a very active Real Estate investor working in Northwest Indiana Area. Tom and his teams at Olson Group provide lending, turn key, and active turn key investment opportunities to today's smart investor. Tom and his teams manage his rental portfolio which includes traditional rentals and short term vacation rentals. Tom has been a real estate entrepreneur for over a decade and has been apart of over 1500 real estate transactions. Tom and his team at Good Success, lead the Community Go Giver event each year, to help showcase how people like Tom and companies like Olson Group are having a positive impact on their community and to encourage other real estate investors to do the same. Tom also has a mastermind for elite active real estate entrepreneurs called the Good Success Mastermind. You can check them out on social media, the Good Success podcast or online at www.goodsuccess.com

Tom has been in construction for over 20 years, Tom has been a part of over 1,500 transactions since 2007 and completed over 600 rehabs. Olson Construction Management offers Full Service Construction management and world class Property management for the Active turn key and turn key properties they provide to smart investors. Tom also offers lending opportunities to people looking to get a steady return with less headache and less time involved than owning real estate.

How to contact us

www.flippingamericanetwork.com

Facebook.com/flippingamericamedia

Twitter and Instagram @FlippingAmerica

YouTube: bit.ly/FlippingAmericaOnYouTube

Linkedin: bit.ly/FlippingAmericaOnLinkedIn

We now have a profile at houzz.com for what it's worth.

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

Announcements:

• FlipStarter Nov 2-3, Atlanta, GA
• Lunch with me every Wednesday.
• 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.

Guest: Tom Olson, Community Go Giver Comment Line calls and Questions

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

Emails:

[email protected] Tell us where you're from!

From a wholesaler in Atlanta: "Why can't I get my properties moved out?"

Motivational Thoughts for the day

• Earn a lot so you can have a lot so you can give a lot.
• -Tom Olson

FAR 196 Tom Olson, Community Go Giver

Expected Air Date: 10/11/18

Opening

Tom Olson is a very active Real Estate investor working in Northwest Indiana Area. Tom and his teams at Olson Group provide lending, turn key, and active turn key investment opportunities to today's smart investor. Tom and his teams manage his rental portfolio which includes traditional rentals and short term vacation rentals. Tom has been a real estate entrepreneur for over a decade and has been apart of over 1500 real estate transactions. Tom and his team at Good Success, lead the Community Go Giver event each year, to help showcase how people like Tom and companies like Olson Group are having a positive impact on their community and to encourage other real estate investors to do the same.  Tom also has a mastermind for elite active real estate entrepreneurs called the Good Success Mastermind. You can check them out on social media, the Good Success podcast or online at www.goodsuccess.com  

Tom has been in construction for over 20 years, Tom has been a part of over 1,500 transactions since 2007 and completed over 600 rehabs.  Olson Construction Management offers Full Service Construction management and world class Property management for the Active turn key and turn key properties they provide to smart investors. Tom also offers lending opportunities to people looking to get a steady return with less headache and less time involved than owning real estate.

How to contact us

www.flippingamericanetwork.com

Facebook.com/flippingamericamedia

Twitter and Instagram @FlippingAmerica

YouTube: bit.ly/FlippingAmericaOnYouTube

Linkedin: bit.ly/FlippingAmericaOnLinkedIn

We now have a profile at houzz.com for what it’s worth.

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

Announcements:

• FlipStarter Nov 2-3, Atlanta, GA  
• Lunch with me every Wednesday.
• 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.  

Guest:  Tom Olson, Community Go Giver Comment Line calls and Questions

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

Emails:

[email protected]  Tell us where you’re from!

From a wholesaler in Atlanta: “Why can’t I get my properties moved out?”

Motivational Thoughts for the day

• Earn a lot so you can have a lot so you can give a lot.
• -Tom Olson

FAR 195 What NOT to Do

Expected Air Date: 10/07/18

Opening

Good morning. We have market news today. There is increasing evidence that the shift we predicted a year ago is happening. Sales are slowing down and we are moving in the direction of a buyers' market. Are we heading into a crash? In a few minutes I'll cite a story that says "yes, no, and maybe." That's right - a classic example of bold predictions in the real estate market. What I'm going to do is cut through all of the hype, equivocation and prevarication and get right down the the heart of the matter - how does this impact real estate investing. And then today I have a great question from one of our fans - "How about giving us a list of what NOT to do?" I love it and I'm going to spend some time on that. All that plus news, headlines, and information you need to continue to do well in real estate investing coming up.

How to contact us

www.flippingamericanetwork.com

Facebook.com/flippingamericamedia

Twitter and Instagram @FlippingAmerica

YouTube: bit.ly/FlippingAmericaOnYouTube

Linkedin: bit.ly/FlippingAmericaOnLinkedIn

We now have a profile at houzz.com for what it's worth.

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

Announcements:

• TONIGHT - speaking at Atlanta REIA, 5pm. "Real Estate By the Numbers"
• FlipStarter Nov 2-3, Atlanta, GA
• Lunch with me every Wednesday.
• 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.dailyprogress.com/news/local/albemarle-county-owed-m-in-back-real-estate-and-property/article_10ad0b64-c064-11e8-81c9-33f55dcfc748.html
• http://www.ktvu.com/news/real-estate-sellers-market-shifts-to-buyers-in-south-bay
• https://www.forbes.com/sites/tompfister/2018/09/24/real-estate-developer-breaks-ground-on-scenic-oak-knoll/
• https://gulfnews.com/business/analysis/joint-ventures-can-be-a-win-win-in-dubai-s-real-estate-1.2282434
• http://www.wect.com/story/39162974/how-florence-could-affect-the-real-estate-market-in-the-cape-fear-region
• https://www.pe.com/2018/09/24/allen-buchanan-is-the-commercial-real-estate-market-cooling/
• http://www.chicagotribune.com/sports/ct-michael-jordan-house-trailers-20151026-story.html
• http://www.abc.net.au/news/2018-10-08/australian-housing-market-good-bad-and-ugly/10348856
• https://www.denverpost.com/2018/10/07/denver-metro-housing-market-shift/
• https://www.seattletimes.com/business/real-estate/10-years-later-how-the-housing-market-has-changed-since-the-crash/
• https://www.seattletimes.com/business/real-estate/what-millennial-homebuyers-are-looking-for-in-real-estate-market/
• https://www.realtor.com/news/trends/profitable-second-home-markets-america/
• https://www.dallasnews.com/business/real-estate/2018/10/05/homebuyer-interest-cooling-realtors-top-economist-says

Guest:

Topic: What NOT to do in Real Estate Investing

1. Do NOT pay 30k to learn how to flip houses.
2. Don't stumble into the business with no knowledge.
3. Do not risk your money without understanding the risks.
   1. Takes longer
   2. Costs more
   3. Sells for less
4. Do NOT automatically trust another person's conclusions
   1. Realtor
   2. Wholesaler
   3. The Flipping America Guy!
5. Don't invest counting on an optimal experience. Things go wrong.
   1. Buy based on a sub-optimal.
6. Do not let emotions direct your decision.
   1. Your instincts (your gut?) plays a role, but that role is not "director"
   2. Facts and logic should lead you to action.
7. Don't fail to establish and understand your buying criteria.
8. Don't violate your buying criteria
   1. Unless you know specifically when it's OK.
9. Don't make hiring decisions based on first impressions.
   1. Realtors
   2. Contractors
10. Don't wait for the perfect deal.
11. Don't wait until you believe you are ready to do a great job.
12. Don't lock yourself into one method
    1. If my only tool is a hammer, every problem looks like a nail.
13. Don't stop learning.
14. Don't stop improving.
15. Don't stop thinking about tomorrow… Fleetwood Mac.
16. Don't pay $50,000 to anyone to teach you the Fix and Flip Business.

Comment Line calls and Questions

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

Emails:

[email protected] Tell us where you're from!

• Monica, Macon, GA. "How about giving us a list of things we should NOT do?"

Motivational Thoughts for the day

• Don't talk - just act. Don't say - just show. Don't promise - just prove. -anon

FAR 195 What NOT to Do

Expected Air Date: 10/07/18

Opening

Good morning. We have market news today. There is increasing evidence that the shift we predicted a year ago is happening. Sales are slowing down and we are moving in the direction of a buyers’ market. Are we heading into a crash? In a few minutes I’ll cite a story that says “yes, no, and maybe.” That’s right - a classic example of bold predictions in the real estate market. What I’m going to do is cut through all of the hype, equivocation and prevarication and get right down the the heart of the matter - how does this impact real estate investing. And then today I have a great question from one of our fans - “How about giving us a list of what NOT to do?” I love it and I’m going to spend some time on that. All that plus news, headlines, and information you need to continue to do well in real estate investing coming up.

How to contact us

www.flippingamericanetwork.com

Facebook.com/flippingamericamedia

Twitter and Instagram @FlippingAmerica

YouTube: bit.ly/FlippingAmericaOnYouTube

Linkedin: bit.ly/FlippingAmericaOnLinkedIn

We now have a profile at houzz.com for what it’s worth.

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

Announcements:

• TONIGHT - speaking at Atlanta REIA, 5pm. “Real Estate By the Numbers”
• FlipStarter Nov 2-3, Atlanta, GA  
• Lunch with me every Wednesday.
• 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.dailyprogress.com/news/local/albemarle-county-owed-m-in-back-real-estate-and-property/article_10ad0b64-c064-11e8-81c9-33f55dcfc748.html
• http://www.ktvu.com/news/real-estate-sellers-market-shifts-to-buyers-in-south-bay
• https://www.forbes.com/sites/tompfister/2018/09/24/real-estate-developer-breaks-ground-on-scenic-oak-knoll/
• https://gulfnews.com/business/analysis/joint-ventures-can-be-a-win-win-in-dubai-s-real-estate-1.2282434
• http://www.wect.com/story/39162974/how-florence-could-affect-the-real-estate-market-in-the-cape-fear-region
• https://www.pe.com/2018/09/24/allen-buchanan-is-the-commercial-real-estate-market-cooling/
• http://www.chicagotribune.com/sports/ct-michael-jordan-house-trailers-20151026-story.html
• http://www.abc.net.au/news/2018-10-08/australian-housing-market-good-bad-and-ugly/10348856
• https://www.denverpost.com/2018/10/07/denver-metro-housing-market-shift/
• https://www.seattletimes.com/business/real-estate/10-years-later-how-the-housing-market-has-changed-since-the-crash/
• https://www.seattletimes.com/business/real-estate/what-millennial-homebuyers-are-looking-for-in-real-estate-market/
• https://www.realtor.com/news/trends/profitable-second-home-markets-america/
• https://www.dallasnews.com/business/real-estate/2018/10/05/homebuyer-interest-cooling-realtors-top-economist-says

 

Guest:  

 

Topic: What NOT to do in Real Estate Investing

1. Do NOT pay 30k to learn how to flip houses.
2. Don’t stumble into the business with no knowledge.
3. Do not risk your money without understanding the risks.
   1. Takes longer
   2. Costs more
   3. Sells for less
4. Do NOT automatically trust another person’s conclusions
   1. Realtor
   2. Wholesaler
   3. The Flipping America Guy!
5. Don’t invest counting on an optimal experience. Things go wrong.
   1. Buy based on a sub-optimal.
6. Do not let emotions direct your decision.
   1. Your instincts (your gut?) plays a role, but that role is not “director”
   2. Facts and logic should lead you to action.
7. Don’t fail to establish and understand your buying criteria.
8. Don’t violate your buying criteria
   1. Unless you know specifically when it’s OK.
9. Don’t make hiring decisions based on first impressions.
   1. Realtors
   2. Contractors
10. Don’t wait for the perfect deal.
11. Don’t wait until you believe you are ready to do a great job.
12. Don’t lock yourself into one method
    1. If my only tool is a hammer, every problem looks like a nail.
13. Don’t stop learning.
14. Don’t stop improving.
15. Don’t stop thinking about tomorrow… Fleetwood Mac.
16. Don’t pay $50,000 to anyone to teach you the Fix and Flip Business.

Comment Line calls and Questions

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

Emails:

[email protected]  Tell us where you’re from!

• Monica, Macon, GA. “How about giving us a list of things we should NOT do?”

Motivational Thoughts for the day

• Don’t talk - just act. Don’t say - just show. Don’t promise - just prove. -anon

FAR 193 Expected Air Date: 10/1/18 Opening Thank you Kathy. It has come to my attention that I have missed a question that is waiting. When we wrapped up two shows ago I had a question from Ashton in Austin about note-buying and I didn't get to it on the last show, so I'm going to start with it today.

• Ashton, Austin, TX, "Really enjoyed the show with Scott Carson, Can you explain the math on buying notes? I don't see how it makes much money."

How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it's worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements:

• FlipStarter Nov 2-3, Atlanta, GA
• Lunch with me every Wednesday.
• 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: FlipStarter! What would it feel like to make a confident offer on an investment property, knowing that you know how much money you can make on it, and you understand how the variables impact your bottom line as you negotiate? Purchase Price Holding Costs Repairs Holding ARV Selling Costs What would it do for your confidence to know with certainty what you will sell this property for? Learn to think like an appraiser. Understand the ins and outs of property valuation. We will help you be able to compare one possibility with another, selecting only the best most profitable projects. "Property Grade" App. Use our Deal Analysis to buy with confidence. MAO formula Repair Formula Hold Time Formula Costs Formula Daily Cost Formula ROI Formula (annualized) ROC Formula (annualized) Rental Purchase Formula How to find the deals. Hear about 10 sources for deals we use here at Flipping America. How to fund your deals. Hear about all your options and learn how to compare them. How would it feel to be able to buy as many flip properties as you can handle without using any of your own money? All you have to do is work the project. The money is handled. Yes we are going to talk about raising private money to fund your deals, but we are also going to show you how you can walk away Saturday afternoon with financial commitments to cover as many deals as you can handle. The person making that commitment will be in the room and will make that commitment to anyone who qualifies. Wouldn't it be great if you never had to spend your own money and you never had to spend any time raising money? Just focus on the deals. You will have the chance to become part of the Flipping America family of investors. We shun the "guru" model. We have options for those with differing situations, but once you are in the family, there is no upsell to move into a select inner circle or platinum level. These are contrivances developed solely to put more of your money into the gurus' pockets. Am I missing an opportunity here? Perhaps, but one thing is clear -- my priority is your success. When I help you achieve your financial goals, my success will take care of itself. How would it feel to have a clear process in finding, hiring and managing Contractors? Our students average 15-20k profit on each flip using none of their own money. What would it do for your life if you could do just two of these next year? How would it feel to know that someone has your back - that you have an experienced coach who will guide you through the process, helping make sure you complete the project on time and on budget? Wouldn't it be great if someone could give you a little guidance on the best way to set up your business? Done. We cover everything from how to choose a name and a logo to getting organized and recognized by both the state and the federal governments so you are ready to go. No one does this business alone. You'll need to recruit a team - not employees, but others in the business who are essential for your success. These include professional deal finders, Realtors, Contractors, Lenders, Attorneys, and more. We will show you why you need each of these individuals and point you in the right direction to find them. We will introduce creative deal making. I will show you how I scaled my business from a part time 2-3 houses a year into a business that flipped more than 100 houses a year with minimal employees and all from a home office. Growing and scaling your business requires the right mindset and the right systems. We will conclude the day by talking some about both of these essential topics. Every module in this course - all six of them - are designed to be worth the entire cost of admission. I had a marketing coach awhile back who attended FlipStarter and criticized it because I "gave away too much information." While I listened respectfully I couldn't help but think one word -- "perfect!" I've been told I'll never build a $50 million dollar training business if I don't follow the proven techniques. My response? I'm not trying to build a $50 million dollar training business. I'm trying to make a positive difference in lives. My goal is to train the next generation of real estate millionaires. My hope is that through the values we teach and pass on, the public's perception of real estate investors as a whole will improve. My dream is that a generation of investors would refuse to take short cuts in property repairs, treat tenants with respect and provide safe clean affordable housing, work with cities and towns to improve neighborhoods one house at a time. My plan is to inform thousands through FlipStarter, work with hundreds in our mentoring program, and working together touch a million lives with something positive. Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: [email protected] Tell us where you're from!

• Margaret, Villages of Ocala, FL "I'd be interested in hearing how flipping properties in real life is different from what we see on the TV shows."
• Etienne, Los Angeles, CA "What are some of the unique things about your training?"
  • Anti-Guru model
  • Deal Funding
  • Coaching, no further upfront financial commitment

Motivational Thoughts for the day

• "Do not wait; the time will never be 'just right.' Start where you stand, and work with whatever tools you may have at your command, and better tools will be found as you go along." —George Herbert