Flipping America

Curtis May is the creator and owner of Practical Wealth Advisors (PWA) and host of The Practical Wealth Show Podcast. The primary focus of his financial planning firm is to help individuals and families become financially free by following the principles of wealth creation that have endured for centuries around the world

Imagine this: You make $20,000 on a real estate deal, but you are neither the buyer nor the seller. And you're also not the real estate agent. How does this happen? We will tell all today on Flipping America. Our guest today, Brent Daniels was living large as a real estate entrepreneur, well on my way to fulfilling my "Rich Dad, Poor Dad" dreams: Designer clothes. Flashy cars. Big house. A year later, the housing market crashed… HIs business went under. His cars get repossessed. He lost his home and five rental properties to foreclosure. And he get slapped with a $742,000 judgment for breaking a commercial office lease. And then things got really bad. He got divorced, got a DUI and sat in jail for a month. Then something happened that turned his life around. While working as a realtor he sat at a closing and watched a wholesaler make $40,000 without ever taking ownership of the property. He learned how to wholesale properties and never looked back. Brent has an incredible story and a great track record as a real estate mentor. He's joining us today to talk about wholesaling and what he can do to help you get started.

After you have figured out how to make money in real estate, the next most important thing you need to learn is how to hang on to it. Today we are talking about some stuff I wish I had known… David Richter is an active real estate investor who has been essential in closing over 850 deals over the last 10 years. He has experience with wholesale, turnkey, BRRRR, owner finance, rentals, lease options, and any other exit strategy you can think of. While growing and building a real estate business from 5 to over 25 deals a month, he realized that as much money was coming in, it was all going right out the door. With the unique opportunity of being in every seat as a real estate investor, he found a calling in the company's finance seat to help businesses see where their money really went. David has helped real estate companies completely turn around from going out of business to building cash reserves by using the Profit First cash flow system. He has been featured on Biggerpockets, Real Estate Disruptors with Steve Trang, and many other podcasts, shows, and Stages. To help even more people, he wrote Profit First for Real Estate Investing - a companion to the original Profit First by Mike Michalowicz that is tailored specifically to Real Estate Investors. His goal is to make a difference by helping real estateinvestors make and KEEP more money in their businesses. As the founder and owner of SimpleCFO Solutions, he wants to bring investors true financial clarity and freedom and help every investor stop living deal-to-deal.

Who owns your local car wash? It might be a friend of mine and if you want, you can own a piece of it too. Coming up today on Flipping America Although the show is called Flipping America we don't encourage everyone to drop what they are doing and start flipping houses like you see on TV. We DO encourage everyone to consider real estate as a part of a balanced investment portfolio. To that end we bring you the best news, analysis, strategies and tactics, demographics, tools, and methods we can find mixed in with incredible people doing fantastic things in real estate. It's all here for your inspiration, information, and edutainment. We've got one of those incredible people joining us today. Chris Larsen is one of the smartest dudes I know. He's the host of the Next Level Income Show and author of the book by the same name, Next Level Income. He's been a multi-family buyer for years but he recently branched out into car washes. Coming in a few minutes, you'll hear his vision for the business and how you could get involved.

What if I told you that you can use one software tool and buy 12 profitable deals next year that are listed on the MLS? It's true because one guy did it this PAST year and next year is only going to get better. Learn more in just a moment on today's episode. Benson Juarez is the Marketing Director and one of the owners of Privy Software. I like him and check in with him from time to time just to see what he's doing. I was in for a surprise. When I called him the other day he told me that he had temporarily relocated from his home in Denver to St. Louis to, using his own words, "practice what he was preaching." He decided to demonstrate live and in person how to build a real estate business using Privy software as the only deal sourcing tool. He used Privy to select St. Louis, went over and set up shop, and did 12 deals in one year. I told him we needed to record that conversation so we did - and it's coming up.

I don't encourage everyone to drop what they are doing and start flipping houses. But someone listening to my voice right now is going to start flipping houses and change your life. Thank you to everyone who made my book, "Flipping Houses in Ten Days" an international number 1 bestseller. And if you don't have it yet, just put bit.ly/10dayflipper into your browser and it will take you to the Amazon page where you can order it. You can still get the Kindle version for free if you act quickly. House Flipping is going to make a comeback in 2023. Opportunities will be more plentiful and I predict that you will even be buying REOs from the MLS like in the good ole' days. No wait - that might be going too far. But maybe… Last time we started a conversation with Bruce Glenn about Flipping Houses. This time we will finish it. He is a master house flipper and licensed appraiser from Birmingham, AL. We will conclude that conversation in a few minutes.

I don't encourage everyone to drop what they are doing and start flipping houses. But I DO encourage some of you to do it. And if you are going to do it, why not start with a little knowledge? Thank you to everyone who made my book, "Flipping Houses in Ten Days" an international number 1 bestseller. And if you don't have it yet, just put bit.ly/10dayflipper into your browser and it will take you to the Amazon page where you can order it. You can still get the Kindle version for free if you act quickly. The market is slowing. Despite all of the gloom and doom predictions from the clickbait wannabes on social media, this does not spell a disaster. It DOES portend an opportunity. 2023 will be a rebounding year for house flipping, and I think also for BOR houses, but that's not the topic for today. Bruce Glenn joined us recently for an interview. He is a master house flipper and licensed appraiser from Birmingham, AL. We will talk about some of the issues and I think you'll see that you can do this if it's what you really want.

I'm on a mission to help 1000 people become real estate millionaires. This year the Flipping America REIA is focusing on 11 different ways to get there in our main meetings on the third Thursday evening of each month except December. January was Multi-Family month. February is House Flipping month. Today, we talk to Bruce Glenn, who has made his millions Flipping Houses.

We don't encourage everyone to drop what you are doing and start flipping houses like you see on TV, but we do encourage everyone to have real estate as a part of their investment portfolio. Today we are looking at an interesting possibility in another country and I will weigh in with some of my criteria I use when evaluating international investing.

I've been paying attention to real estate and real estate investing for a long time. I watched the rise of the so-called iBuyers, and I'm fairly confident I will be here to see their demise. If you listen to the show much, you know that I'm a positive upbeat kind of guy. I never set up my interview guests for embarrassment, I do not thrive on controversy, and although I don't shy away from healthy disagreement, I'm not here to argue with anyone. That said, part of my purpose is to expose the bad guys - those who build large businesses with a fundamentally dishonest business model. I've spent a fair amount of airtime criticizing in particular the Hotel Room Real Estate Gurus and the iBuyers. Sometimes the premise is noble enough and the vision is grand enough, but at some point someone behind the scenes realizes this thing isn't going to work unless we make some adjustments. This usually comes in the form of high pressure manipulative sales tactics from the Gurus and deceptive practices, including hidden or junk fees and unexpected repair bills.