Flipping America

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

FAR 192 Kory Angelin Expected Air Date: 9/29/18 Opening We have a little bit of a selling and marketing theme going on this week on the show. Today we are joined by Kory Angelin who is going to tell us if we have something to sell, stop selling. Start relating. Remember what I said previously that in this business we are selling all the time. We are not selling our houses. We are selling ourselves, our reputation, our credibility, and our experience. This is how we are able to grow and scale our businesses. Kory Angelin is an Award-Winning Trainer and 2-time published author with over 25 years in the fitness industry. He is a Regional Educator for 24 Hour Fitness working to help carry out their brand message. His industry experience includes partnering with NIKE to launch their SPARQ Brand, worked with a variety of athletes from the NFL and NBA and has been featured in "Sports Illustrated", "USA TODAY", "Training & Conditioning" and "STACK" Magazines for his work in the fitness industry. Kory has been an on-air host on QVC and is a sought after motivational speaker. He holds a bachelors degree in Sports Medicine and has just launched his second book entitled #Sellout. To listen to Kory's podcast or to find out more info., you can log on to www.koryangelin.com. I had a little fun and got a little training from Kory right on the show. I asked him to help me "sell out" my next event, FlipStarter and he had some very practical and specific ideas for me. I thought I'd be putting him on the spot, but he turned that around and put me on the spot. As you listen, I want you to imagine answering his questions for your business and for yourself. It may be challenging, but as Kory says, put the work in up front and the rest takes care of itself. 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.

News!

• https://www.cnbc.com/2018/09/21/3-places-for-a-tropical-beachfront-retirement-outside-hurricane-zone.html
• https://www.cnbc.com/video/2018/09/19/august-housing-starts-up-9-point-2-percent-housing-permits-down-5-point-7-percent.html
• https://www.cnbc.com/2018/09/12/warning-sign-the-epicenter-of-the-housing-bust-is-booming-again.html
• https://www.cnbc.com/2018/09/25/home-prices-rise-at-a-slower-rate-in-july-sp-case-shiller.html
• https://www.fortunebuilders.com/2018-real-estate-trends/

Guest: Kory Angelin How to improve your approach:

1. Pretend to buy a product or service
2. Shadow people crushing it.
3. Role play yourself.

Plant seeds Overcome objections Ask questions that tap into the middle part of the brain. Objections "No" sometimes means you didn't explain it. Objections almost always come down to "money." Ask questions that get to the middle brain - the emotional center. Topic: Selling Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: [email protected] Tell us where you're from!

• Amber, Boston, MA, "I am interested in coming to Atlanta for the FlipStarter Event. Can you tell me where it will be held so I can plan to be on that side of town?"
• Harold, Lancaster PA, "I have 7 rentals in Memphis, TN, but I'm having issues with the management there. I believe they are charging too much for standard repairs and maintenance items. For example, they installed a new water heater at a property and charged me $950. How would you handle this?"

Motivational Thoughts for the day

• To Begin, Begin, William Wordsworth

FAR 192 Kory Angelin Expected Air Date: 9/29/18 Opening We have a little bit of a selling and marketing theme going on this week on the show. Today we are joined by Kory Angelin who is going to tell us if we have something to sell, stop selling. Start relating. Remember what I said previously that in this business we are selling all the time. We are not selling our houses. We are selling ourselves, our reputation, our credibility, and our experience. This is how we are able to grow and scale our businesses. Kory Angelin is an Award-Winning Trainer and 2-time published author with over 25 years in the fitness industry.  He is a Regional Educator for 24 Hour Fitness working to help carry out their brand message. His industry experience includes partnering with NIKE to launch their SPARQ Brand, worked with a variety of athletes from the NFL and NBA and has been featured in "Sports Illustrated", "USA TODAY", "Training & Conditioning" and "STACK" Magazines for his work in the fitness industry.  Kory has been an on-air host on QVC and is a sought after motivational speaker. He holds a bachelors degree in Sports Medicine and has just launched his second book entitled #Sellout. To listen to Kory's podcast or to find out more info., you can log on to www.koryangelin.com. I had a little fun and got a little training from Kory right on the show. I asked him to help me “sell out” my next event, FlipStarter and he had some very practical and specific ideas for me. I thought I’d be putting him on the spot, but he turned that around and put me on the spot.  As you listen, I want you to imagine answering his questions for your business and for yourself. It may be challenging, but as Kory says, put the work in up front and the rest takes care of itself. 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.  

News!

• https://www.cnbc.com/2018/09/21/3-places-for-a-tropical-beachfront-retirement-outside-hurricane-zone.html
• https://www.cnbc.com/video/2018/09/19/august-housing-starts-up-9-point-2-percent-housing-permits-down-5-point-7-percent.html
• https://www.cnbc.com/2018/09/12/warning-sign-the-epicenter-of-the-housing-bust-is-booming-again.html
• https://www.cnbc.com/2018/09/25/home-prices-rise-at-a-slower-rate-in-july-sp-case-shiller.html
• https://www.fortunebuilders.com/2018-real-estate-trends/

Guest:  Kory Angelin How to improve your approach:

1. Pretend to buy a product or service
2. Shadow people crushing it.
3. Role play yourself.

Plant seeds Overcome objections Ask questions that tap into the middle part of the brain. Objections “No” sometimes means you didn’t explain it. Objections almost always come down to “money.” Ask questions that get to the middle brain - the emotional center. Topic: Selling Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: [email protected]  Tell us where you’re from!

• Amber, Boston, MA, “I am interested in coming to Atlanta for the FlipStarter Event. Can you tell me where it will be held so I can plan to be on that side of town?”
• Harold, Lancaster PA, “I have 7 rentals in Memphis, TN, but I’m having issues with the management there. I believe they are charging too much for standard repairs and maintenance items. For example, they installed a new water heater at a property and charged me $950. How would you handle this?”

Motivational Thoughts for the day

• To Begin, Begin, William Wordsworth

FAR 191 Steve Rigby, Selling with SMILE Expected Air Date: 9/27/18 Opening Thank you Kathy Curtis! Today our guest is Steve Rigby, author of the book "S.M.I.L.E. How a People First Philosophy Creates Extraordinary Sales." In our conversation we are going to break down the major points of his book and talk about specific ways to improve our relationships as a way of increasing sales. For nearly two decades, Steve Rigby served the homebuilding industry as both a student and a teacher of selling, managing, and training. Steve was responsible for directing the sales efforts for three of the nation's top-ten public homebuilders. As a result, those companies experienced tremendous growth with very healthy bottom lines. In the past decade plus, Steve has continued to prove his proficiency as a thought leader through his own business, New Wings Consulting, LLC, which serves companies across a variety of industries. As he's accustomed to seeing, those companies are also experiencing tremendous growth and very healthy bottom lines. Steve resides on Lake Travis, just outside Austin, Texas with his wife, Susan, their two horses, Blondie and Envy, and their dog, Drizzle. If you're up for a visit, he and Susan conduct retreats at their cabin on the lake. Those who have been there will tell you it's something worth considering! 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.

News!

• https://money.usnews.com/investing/real-estate-investments/slideshows/7-ways-to-invest-in-real-estate-without-buying-property
• https://www.realtor.com/news/trends/housing-market-finally-becoming-buyers-market/
• https://realestate.usnews.com/real-estate/articles/can-you-actually-turn-a-profit-flipping-homes-in-todays-market
• https://www.realtor.com/news/trends/10-wealthy-enclaves-highest-home-prices/

Guest: Steve Rigby Imagine everyone I meet is wearing a sign that says, "Make me feel important."

1. Keep it Simple
2. It's up to Me

I Identify the individual (personality type)

1. Little Decisions
2. Enjoy

7 Rules of Shopping. Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: [email protected] Tell us where you're from!

• Note from staff: So what ARE you saying about the market over the next 12 months? Here are Flipping America we are continually monitoring a number of data points not just in the Atlanta market but nationally. Data points include default rate and mortgage rate (not the same thing and they are at historic lows right now), Home sales volume (trends), Home prices (year over year trends) and new construction starts. There are other factors that are more difficult to quantify in a chart, but we pay attention to lending guideline changes, the sales of sub-prime loans on the secondary market (hint: securitization of those loans never stopped), and the impact of mortgage interest rates to name a few. In our view, the collapse of 2007-08 was unprecedented and unlikely to be repeated in our lifetime. But the real estate market does correct and is somewhat cyclical. We are projecting a return to a balanced market (3 month supply of homes) in the next 6-12 months. This means it will take a little longer to sell, investors will have to put more effort into selling, but there will be more inventory to buy as well. Coastal regions will likely see price reductions over the next 12 months, but the rest of the country will see above average increase in values (around 5-6%) for the next year. We think Atlanta will finish 2018 with a 7% year over year gain but this will slow down in 2019.
• Randy, Sheboygan, MI, "Would you recommend people start off wholesaling? I don't have a lot of money to buy a fix and flip."
• Lorrie, Milwaukee, WI, "Do you decorate your flip houses for the holidays?"
• 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."

Motivational Thoughts for the day

• To Begin, Begin, William Wordsworth

FAR 191 Steve Rigby, Selling with SMILE Expected Air Date: 9/27/18 Opening Thank you Kathy Curtis! Today our guest is Steve Rigby, author of the book “S.M.I.L.E. How a People First Philosophy Creates Extraordinary Sales.” In our conversation we are going to break down the major points of his book and talk about specific ways to improve our relationships as a way of increasing sales. For nearly two decades, Steve Rigby served the homebuilding industry as both a student and a teacher of selling, managing, and training. Steve was responsible for directing the sales efforts for three of the nation’s top-ten public homebuilders. As a result, those companies experienced tremendous growth with very healthy bottom lines. In the past decade plus, Steve has continued to prove his proficiency as a thought leader through his own business, New Wings Consulting, LLC, which serves companies across a variety of industries. As he’s accustomed to seeing, those companies are also experiencing tremendous growth and very healthy bottom lines. Steve resides on Lake Travis, just outside Austin, Texas  with his wife, Susan, their two horses, Blondie and Envy, and their dog, Drizzle. If you’re up for a visit, he and Susan conduct retreats at their cabin on the lake. Those who have been there will tell you it’s something worth considering! 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.  

News!

• https://money.usnews.com/investing/real-estate-investments/slideshows/7-ways-to-invest-in-real-estate-without-buying-property
• https://www.realtor.com/news/trends/housing-market-finally-becoming-buyers-market/
• https://realestate.usnews.com/real-estate/articles/can-you-actually-turn-a-profit-flipping-homes-in-todays-market
• https://www.realtor.com/news/trends/10-wealthy-enclaves-highest-home-prices/

Guest:  Steve Rigby Imagine everyone I meet is wearing a sign that says, “Make me feel important.”

1. Keep it Simple
2. It’s up to Me

I    Identify the individual (personality type)

1. Little Decisions
2. Enjoy

7 Rules of Shopping. Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: [email protected] Tell us where you’re from!

• Note from staff: So what ARE you saying about the market over the next 12 months?  Here are Flipping America we are continually monitoring a number of data points not just in the Atlanta market but nationally. Data points include default rate and mortgage rate (not the same thing and they are at historic lows right now), Home sales volume (trends), Home prices (year over year trends) and new construction starts. There are other factors that are more difficult to quantify in a chart, but we pay attention to lending guideline changes, the sales of sub-prime loans on the secondary market (hint: securitization of those loans never stopped), and the impact of mortgage interest rates to name a few. In our view, the collapse of 2007-08 was unprecedented and unlikely to be repeated in our lifetime. But the real estate market does correct and is somewhat cyclical. We are projecting a return to a balanced market (3 month supply of homes) in the next 6-12 months. This means it will take a little longer to sell, investors will have to put more effort into selling, but there will be more inventory to buy as well. Coastal regions will likely see price reductions over the next 12 months, but the rest of the country will see above average increase in values (around 5-6%) for the next year. We think Atlanta will finish 2018 with a 7% year over year gain but this will slow down in 2019.
• Randy, Sheboygan, MI, “Would you recommend people start off wholesaling? I don’t have a lot of money to buy a fix and flip.”
• Lorrie, Milwaukee, WI, “Do you decorate your flip houses for the holidays?”
• 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.”

Motivational Thoughts for the day

• To Begin, Begin, William Wordsworth

FAR 190 DT Investments, Jim Beach Expected Air Date: 9/24/18 Opening Hello everyone, it's time to get involved in Real Estate. There are 85 major ways to make money in real estate and several variations of some of those methods. The opportunities are numerous and the variety is nearly endless, but all of real estate investing can be summarized around three primary activities:

1. Buy with the intent to improve and re-sell relatively quickly.
2. Buy with the intent to create income with the property for a longer term.
3. Invest in the activities of 1 or 2.

I've been looking for someone who manages a REIT to come on the show and talk about the opportunities there and you regular listeners know that I have nothing against REITs or crowd-funding real estate. Both have interesting possibilities, albeit not such a great return on the money. If you have a little bit more money and are an accredited investor, you're going to want to stay tuned today. My good friend Jim Beach is going to be on the show in a few moments and we are going to talk about, among other things, and incredible private offering that is set to take on the big boys. This fund invests only in short-term flips. Full disclosure, I'm one of the partners in the firm. Jim is a former Coca Cola executive but long-time entrepreneur. He founded a technology company and sold out years ago, wrote the best-selling book, "School for Startups" and for the past several years has been the host of a radio show called School for Startups. He has had everybody who is anybody in the world of business on his show. Jim travels the world teaching the principles of entrepreneurship. 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: Jim Beach, DT Investment Funds Topic: Entrepreneurship Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Motivational Thoughts for the day

• To Begin, Begin, William Wordsworth

FAR 190 DT Investments, Jim Beach Expected Air Date: 9/24/18 Opening Hello everyone, it’s time to get involved in Real Estate. There are 85 major ways to make money in real estate and several variations of some of those methods. The opportunities are numerous and the variety is nearly endless, but all of real estate investing can be summarized around three primary activities:

1. Buy with the intent to improve and re-sell relatively quickly.
2. Buy with the intent to create income with the property for a longer term.
3. Invest in the activities of 1 or 2.

I’ve been looking for someone who manages a REIT to come on the show and talk about the opportunities there and you regular listeners know that I have nothing against REITs or crowd-funding real estate. Both have interesting possibilities, albeit not such a great return on the money. If you have a little bit more money and are an accredited investor, you’re going to want to stay tuned today. My good friend Jim Beach is going to be on the show in a few moments and we are going to talk about, among other things, and incredible private offering that is set to take on the big boys. This fund invests only in short-term flips. Full disclosure, I’m one of the partners in the firm. Jim is a former Coca Cola executive but long-time entrepreneur. He founded a technology company and sold out years ago, wrote the best-selling book, “School for Startups” and for the past several years has been the host of a radio show called School for Startups. He has had everybody who is anybody in the world of business on his show. Jim travels the world teaching the principles of entrepreneurship. 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:  Jim Beach, DT Investment Funds Topic: Entrepreneurship Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Motivational Thoughts for the day

• To Begin, Begin, William Wordsworth

FAR 189 Scott Carson Expected Air Date: 9/22/18 Opening Great show coming to you today. Scott Carson (aka "the Note Guy) has been an active real estate investor since 2002 and solely focused on the note industry since 2008 where he buys and sells non-performing mortgages directly from banks and hedge funds all across the country. Scott is the CEO of WeCloseNotes.com and the creator of the Note Buying for Dummies workshop that focuses on the 3 F's of Note Buying… The Find, Fund, and Flip. He has purchased over a half billion dollars in distressed debt for his own portfolio and purchases assets in over 30 states across the United States. He is a highly sought-after speaker on distressed debt and was the 2014 Note Educator of the Year. He has also been featured in numerous newspapers including Investor's Business Daily, the Wall Street Journal, and Inc.com. He has also helped thousands of other real estate investors come to the dark side of investing by plunging into the world of NPN's or non-performing notes. An avid sports fan and reader, you can find him home in Austin, Texas when he isn't buying assets for his own portfolio or sharing his love of the note game. 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:

• Think Realty Saturday and Sunday, Sept 22-23
• 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: Scott Carson Topic: Note Buying and Selling Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: [email protected] Tell us where you're from!

• Alana, Jonesboro, GA "I'm looking at a deal where the owner lives out of state, the tenant is a relative paying well below market rate. He wants her out but doesn't want to evict his own relative. He just wants to sell the house. It's worth about 130k. May need 25k in rehab. He's open to seller financing. I mentioned offering him 50-60k and he didn't say no. So what are my options or exit strategies?"
• Shamsideen, Boulder, CO "My partners and I are looking at various opportunities, apartments, hotels, and mini-warehouses, to be specific. Can you offer guidance for us as we decide where to put our money?"

Motivational Thoughts for the day

• Your true success in life begins only when you make the commitment to become excellent at what you do. — Brian Tracy