Flipping America

FAR 179 Expected Air Date: 8/23/18 Opening We’ve had great feedback from the home technology show with Don DeRosa. If you missed it you can still listen to it both on the Flipping America App, where it is show # 147 or watch the video of the interview on our YouTube Channel. But we continue to get questions about technology, not just the technology we put into our properties, but the technology we use to make our businesses run and work. A little later on, I’m going to answer that question for you and tell you about the technology solutions we use here in our business. And I’m going to answer a question we get quite often: “How do you send out social media messages all day long? Do you have an employee that just sits there tweeting thing s out?” Fannie Mae and Freddie Mac are out with a new loan product this month which I believe will have a significant impact in 5 years and that impact won’t be a good thing. But take heart investors! With every dumb decision followed by inevitable loss and heartache, there is opportunity for someone. I’m going to break down the news, tell you what’s going to happen, and prepare you for the fallout. 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:

• The Flipping America Mentoring Program, August 28-31, Sandy Springs, GA
  • Menternship Also.
    • Ten Deal Sources explored and explained.
    • Complete Deal Analysis.
    • Finding the re-sale value of any residential property in the U.S.
    • How to estimate repairs from your desktop.
    • How to finalize a repair estimate through a site visit.
    • Structuring your business for effectiveness and asset protection
    • How to set up a web site for your business.
    • Understanding the various ways to get your deal funded.
    • Learn creative deal structures.
    • The mini-course in negotiating
    • The full course in renovation.
      • How to find, vet, and hire contractors.
      • How to manage the process
      • How to solve the inevitable problems that arise.
    • Learn how you could get your deal 100% funded - not just your next one, but every deal you ever do from now on.
    • Get all the forms, the documents, the checklists, the procedures
    • Get the scripts for your conversations
      • Hiring questions for realtors and contractors
      • Answering the phone
      • Talking to sellers
        • Build rapport
        • Get key information
        • Learn motivation
    • The course comes with on-going weekly group coaching calls
    • You also get one-on-one guidance through your first four flips.
  • This is the three day dive into a year’s worth of training and guidance. But our commitment to you doesn’t end in one year. We are with you at LEAST through your first four flips and definitely until you have more than doubled your training investment.
  • What is the investment? What is reasonable? Let’s talk about $50,000.
  • The cost is $12,967, but if you use the coupon code “radio” your cost is $9,967.
  • Go to www.flippingamericanetwork.com/Mentoring and sign up today. We only take about 10 people per class and several have already signed up. There’s just a few seats left.
• Lunch with me every Wednesday.
• Monday the 27th of August, speaking at the West REIA, Cherokee Cattle Company, Marietta, GA
• 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.foxbusiness.com/personal-finance/fannie-mae-freddie-mac-offer-home-loans-for-3-down

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

• Vincent, Macon, GA, “It seems that all the great deals are in a bad part of town. Is that true everywhere? How do I make any money there?”
• Elise, Port St. Lucie, FL, “I really liked the show you did on smart home technology. Can you talk a bit about the technology, programs, apps, and other solutions you use in your real estate business?”
• Stephen, Boulder, CO, “Can you explain the difference between cap rate and cash on cash return? What should I be looking for when buying a single family rental?”
• Sherry, Sebring, FL, “What are the key steps when buying a flip project in another town?”
• Lynetta, Jackson, WY, “We want to bounce back and forth between Jackson and Austin, TX, you know, avoiding the weather extremes but getting in some skiing when we want, etc. We are both in our mid 50’s and our question is should we buy something in both places or just do longer-term rentals? We could pay cash for both places, but can’t help but wonder if our cash is better off elsewhere.”

Motivational Thoughts for the day

• "People often say that motivation doesn't last. Well, neither does bathing -- that's why we recommend it daily." -- Zig Ziglar

FAR 175 Expected Air Date: 8/9/18 Opening 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:

• Lunch with me every Wednesday.
• Thursday August 9th, speaking at Flipping Atlanta "Investing in Real Estate with Your Self-Directed IRA"
• Tuesday August 14th, speaking at Catalyst, "Contractor Impossible"
• 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.news-press.com/story/money/2018/08/05/five-reasons-why-real-estate-market-year-could-southwest-florida-best-ever/852009002/
• https://www.postandcourier.com/business/real_estate/school-re-openings-influence-local-real-estate-market/article_94f4410c-9504-11e8-b4db-57424629d9af.html
• https://www.dailyrepublic.com/projects/home-seller/solano-real-estate-scene-are-we-in-another-housing-market-bubble/
• https://www.wthr.com/article/watch-real-estate-update-market-slowing-down
• http://www.crainsdetroit.com/article/20180805/news/667746/housing-demand-auto-research-drive-commercial-real-estate-market-in-ann
• https://www.columbian.com/news/2018/aug/05/after-solid-rebound-whats-next-for-small-cap-real-estate-stocks/
• http://rismedia.com/2018/08/05/real-estate-forever-brand-gaining-new-insight-berkshire-hathaway-homeservices/
• https://pagesix.com/2018/08/02/usher-sells-the-mansion-he-bought-at-the-start-of-his-career/
• https://pagesix.com/2018/08/01/judge-judy-buys-9m-rhode-island-mansion/
• https://www.realtor.com/news/trends/top-10-places-big-houses-bargain/

Guest: Ken Arnold Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: [email protected] Tell us where you're from!

• Meredith, Pittsburgh, PA, "I want to invest in real estate, but I don't want to own rental properties and I don't want to do flips. I want passive investment. I know about REITs and I've done some checking into crowdfunding sites. The REITs don't have great returns but they seem relatively safe. The crowdfunding makes me leery. I know they are probably doing just fine but it seems a little dicey to me. How should I be thinking about where to put my money?"
• Sydney, Lancaster, PA, "I'm confused about getting my business set up. I own three rental houses and a duplex, all titled in my own name. I just watched a webinar on asset protection. I heard that I needed to form a Nevada Corporation, which they were willing to set up for me -- for a fee of course. Since it was a webinar I looked up what it cost and they were adding about $1000 to what it would really cost. So I passed. But the logic seemed compelling. So I think I need to do something. I would like your input."
• Ellen, Villages of Ocala, FL, "We are trying to maximize the returns on our self-directed IRA. We started a little late in the game and don't really have enough money in there to buy and flip a house. Any suggestions?"
• Karenza, Long Beach, CA "I want to dive into buying rental properties here in southern california. My question is, am I too late?"
• Britney, Penn Hills, PA "My husband and I are finishing up our first flip -- so exciting! We are having a discussion about interior paint colors. Our property is in an area that has a lot of investor activity with trendy styles and colors. I want a bold color scheme, but my husband wants builder's beige. Can you settle the debate?"

Motivational Thoughts for the day

• "Dreams will get you nowhere, a good kick in the pants will take you a long way…" Baltasar Gracian

FAR 175 Expected Air Date: 8/9/18 Opening 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:

• Lunch with me every Wednesday.
• Thursday August 9th, speaking at Flipping Atlanta “Investing in Real Estate with Your Self-Directed IRA”
• Tuesday August 14th, speaking at Catalyst, “Contractor Impossible”
• 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.news-press.com/story/money/2018/08/05/five-reasons-why-real-estate-market-year-could-southwest-florida-best-ever/852009002/
• https://www.postandcourier.com/business/real_estate/school-re-openings-influence-local-real-estate-market/article_94f4410c-9504-11e8-b4db-57424629d9af.html
• https://www.dailyrepublic.com/projects/home-seller/solano-real-estate-scene-are-we-in-another-housing-market-bubble/
• https://www.wthr.com/article/watch-real-estate-update-market-slowing-down
• http://www.crainsdetroit.com/article/20180805/news/667746/housing-demand-auto-research-drive-commercial-real-estate-market-in-ann
• https://www.columbian.com/news/2018/aug/05/after-solid-rebound-whats-next-for-small-cap-real-estate-stocks/
• http://rismedia.com/2018/08/05/real-estate-forever-brand-gaining-new-insight-berkshire-hathaway-homeservices/
• https://pagesix.com/2018/08/02/usher-sells-the-mansion-he-bought-at-the-start-of-his-career/
• https://pagesix.com/2018/08/01/judge-judy-buys-9m-rhode-island-mansion/
• https://www.realtor.com/news/trends/top-10-places-big-houses-bargain/

Guest:   Ken Arnold Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: [email protected] Tell us where you’re from!

• Meredith, Pittsburgh, PA, “I want to invest in real estate, but I don’t want to own rental properties and I don’t want to do flips. I want passive investment. I know about REITs and I’ve done some checking into crowdfunding sites. The REITs don’t have great returns but they seem relatively safe. The crowdfunding makes me leery. I know they are probably doing just fine but it seems a little dicey to me. How should I be thinking about where to put my money?”
• Sydney, Lancaster, PA, “I’m confused about getting my business set up. I own three rental houses and a duplex, all titled in my own name. I just watched a webinar on asset protection. I heard that I needed to form a Nevada Corporation, which they were willing to set up for me -- for a fee of course. Since it was a webinar I looked up what it cost and they were adding about $1000 to what it would really cost. So I passed. But the logic seemed compelling. So I think I need to do something. I would like your input.”
• Ellen, Villages of Ocala, FL, “We are trying to maximize the returns on our self-directed IRA. We started a little late in the game and don’t really have enough money in there to buy and flip a house. Any suggestions?”
• Karenza, Long Beach, CA “I want to dive into buying rental properties here in southern california. My question is, am I too late?”
• Britney, Penn Hills, PA “My husband and I are finishing up our first flip -- so exciting! We are having a discussion about interior paint colors. Our property is in an area that has a lot of investor activity with trendy styles and colors. I want a bold color scheme, but my husband wants builder’s beige. Can you settle the debate?”

Motivational Thoughts for the day

• “Dreams will get you nowhere, a good kick in the pants will take you a long way…” Baltasar Gracian

FAR 178 Seminar Seduction Expected Air Date: 8/20/18 Opening If you've been around this business awhile, going to networking meetings or REIA groups, you've seen it - the tire-kicker. Or as we sometimes refer to the person - the Seminar Junkie. It took me about two visits to the group to realize that the vast majority of people who attend these meetings or belong to the networking groups are never going to actually do anything. I am the official organizer of three meetup groups in the Atlanta area with a combined membership of just over 5,000 people, which sounds pretty impressive until I share with you that I think out of the three groups perhaps 50 people are active investors and maybe 10 of those are doing this as their full-time job. I'm not criticizing the other group members. Some are gathering information and considering their options. Some are highly motivated and are planning their new career as well as the exit from their current career. Some are just lonely and want to meet people, so they join meetup groups. It's all fine. My concern is primarily for the self-deluded. These are the people who think they want to be in this business, and really intend to be, but there is something in their psyche that prevents them from taking action. I'm pretty sure I don't know how to get anyone over that hurdle, because I never had to engage in conscious steps to take action - it's just always been a part of me. But I'm going to do what I can to help you today to overcome Seminar Seduction. And ironically, I'll be offering my seminar to you today on the show, coming up in a few moments. Did you know that there are nearly two dozen United States cities that are predicted to have an AVERAGE home price of over a million dollars by mid 2019? I'll tell you where they are in just a few minutes. You'll be very surprised at a few of them. That plus more news, information, and a scam alert 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:

• The Flipping America Mentoring Program, August 28-31, Sandy Springs, GA
  • Menternship Also.
    • Ten Deal Sources explored and explained.
    • Complete Deal Analysis.
    • Finding the re-sale value of any residential property in the U.S.
    • How to estimate repairs from your desktop.
    • How to finalize a repair estimate through a site visit.
    • How to set up a web site for your business.
    • Structuring your business for effectiveness and asset protection
    • Understanding the various ways to get your deal funded.
    • Learn creative deal structures.
    • The mini-course in negotiating
    • The full course in renovation.
      • How to find, vet, and hire contractors.
      • How to manage the process
      • How to solve the inevitable problems that arise.
    • Learn how you could get your deal 100% funded - not just your next one, but every deal you ever do from now on.
    • Get all the forms, the documents, the checklists, the procedures
    • Get the scripts for your conversations
      • Hiring questions for realtors and contractors
      • Answering the phone
      • Talking to sellers
        • Build rapport
        • Get key information
        • Learn motivation
    • The course comes with on-going weekly group coaching calls
    • You also get one-on-one guidance through your first four flips.
  • This is the three day dive into a year's worth of training and guidance. But our commitment to you doesn't end in one year. We are with you at LEAST through your first four flips and definitely until you have more than doubled your training investment.
  • What is the investment? What is reasonable? Let's talk about $50,000.
  • The cost is $12,967, but if you use the coupon code "radio" your cost is $9,967.
  • Go to www.flippingamericanetwork.com/Mentoring and sign up today. We only take about 10 people per class and several have already signed up. There's just a few seats left.
• Lunch with me every Wednesday.
• Monday the 27th of August, speaking at the West REIA, Cherokee Cattle Company, Marietta, GA
• 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.forbes.com/sites/forbesrealestatecouncil/2018/07/09/15-surprising-real-estate-trends-impacting-2018/#507c4b1a4c5e
• https://www.pwc.com/us/en/industries/asset-wealth-management/real-estate/emerging-trends-in-real-estate.html
• Your Top Resource for what's happening in the world of real estate. https://www.flippingamericanetwork.com/
• https://www.mlive.com/news/flint/index.ssf/2018/08/police_warn_residents_about_on.html
• https://www.zillow.com/research/cities-with-1-million-home-value-20950/
• https://www.marketwatch.com/story/why-real-estate-investors-should-still-steer-clear-of-turkey-even-as-the-lira-rebounds-2018-08-18

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

• Francesca, Providence RI, "I want to wholesale properties. How do I set a price?"
• Eliot, Monroe, GA, "I live in a small town, but there is a nice lake and resort nearby with lots of lakefront second homes. Can you suggest an investing strategy for me?"
• Carter, Las Vegas, NV, "I've been to few real estate seminars and read a couple of books on investing, but I still don't believe I'm ready to take the plunge. I need a clear concise guide on getting started. Can you help me take the next step?"
• Vincent, Macon, GA, "It seems that all the great deals are in a bad part of town. Is that true everywhere? How do I make any money there?"
• Elise, Port St. Lucie, FL, "I really liked the show you did on smart home technology. Can you talk a bit about the technology, programs, apps, and other solutions you use in your real estate business?"

Motivational Thoughts for the day

• "People often say that motivation doesn't last. Well, neither does bathing -- that's why we recommend it daily." -- Zig Ziglar

FAR 178 Seminar Seduction Expected Air Date: 8/20/18 Opening If you’ve been around this business awhile, going to networking meetings or REIA groups, you’ve seen it - the tire-kicker. Or as we sometimes refer to the person - the Seminar Junkie. It took me about two visits to the group to realize that the vast majority of people who attend these meetings or belong to the networking groups are never going to actually do anything. I am the official organizer of three meetup groups in the Atlanta area with a combined membership of just over 5,000 people, which sounds pretty impressive until I share with you that I think out of the three groups perhaps 50 people are active investors and maybe 10 of those are doing this as their full-time job. I’m not criticizing the other group members. Some are gathering information and considering their options. Some are highly motivated and are planning their new career as well as the exit from their current career. Some are just lonely and want to meet people, so they join meetup groups. It’s all fine. My concern is primarily for the self-deluded. These are the people who think they want to be in this business, and really intend to be, but there is something in their psyche that prevents them from taking action. I’m pretty sure I don’t know how to get anyone over that hurdle, because I never had to engage in conscious steps to take action - it’s just always been a part of me. But I’m going to do what I can to help you today to overcome Seminar Seduction. And ironically, I’ll be offering my seminar to you today on the show, coming up in a few moments. Did you know that there are nearly two dozen United States cities that are predicted to have an AVERAGE home price of over a million dollars by mid 2019? I’ll tell you where they are in just a few minutes. You’ll be very surprised at a few of them. That plus more news, information, and a scam alert 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:

• The Flipping America Mentoring Program, August 28-31, Sandy Springs, GA
  • Menternship Also.
    • Ten Deal Sources explored and explained.
    • Complete Deal Analysis.
    • Finding the re-sale value of any residential property in the U.S.
    • How to estimate repairs from your desktop.
    • How to finalize a repair estimate through a site visit.
    • How to set up a web site for your business.
    • Structuring your business for effectiveness and asset protection
    • Understanding the various ways to get your deal funded.
    • Learn creative deal structures.
    • The mini-course in negotiating
    • The full course in renovation.
      • How to find, vet, and hire contractors.
      • How to manage the process
      • How to solve the inevitable problems that arise.
    • Learn how you could get your deal 100% funded - not just your next one, but every deal you ever do from now on.
    • Get all the forms, the documents, the checklists, the procedures
    • Get the scripts for your conversations
      • Hiring questions for realtors and contractors
      • Answering the phone
      • Talking to sellers
        • Build rapport
        • Get key information
        • Learn motivation
    • The course comes with on-going weekly group coaching calls
    • You also get one-on-one guidance through your first four flips.
  • This is the three day dive into a year’s worth of training and guidance. But our commitment to you doesn’t end in one year. We are with you at LEAST through your first four flips and definitely until you have more than doubled your training investment.
  • What is the investment? What is reasonable? Let’s talk about $50,000.
  • The cost is $12,967, but if you use the coupon code “radio” your cost is $9,967.
  • Go to www.flippingamericanetwork.com/Mentoring and sign up today. We only take about 10 people per class and several have already signed up. There’s just a few seats left.
• Lunch with me every Wednesday.
• Monday the 27th of August, speaking at the West REIA, Cherokee Cattle Company, Marietta, GA
• 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.forbes.com/sites/forbesrealestatecouncil/2018/07/09/15-surprising-real-estate-trends-impacting-2018/#507c4b1a4c5e
• https://www.pwc.com/us/en/industries/asset-wealth-management/real-estate/emerging-trends-in-real-estate.html
• Your Top Resource for what’s happening in the world of real estate. https://www.flippingamericanetwork.com/
• https://www.mlive.com/news/flint/index.ssf/2018/08/police_warn_residents_about_on.html
• https://www.zillow.com/research/cities-with-1-million-home-value-20950/
• https://www.marketwatch.com/story/why-real-estate-investors-should-still-steer-clear-of-turkey-even-as-the-lira-rebounds-2018-08-18

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

• Francesca, Providence RI, “I want to wholesale properties. How do I set a price?”
• Eliot, Monroe, GA, “I live in a small town, but there is a nice lake and resort nearby with lots of lakefront second homes. Can you suggest an investing strategy for me?”
• Carter, Las Vegas, NV, “I’ve been to few real estate seminars and read a couple of books on investing, but I still don’t believe I’m ready to take the plunge. I need a clear concise guide on getting started. Can you help me take the next step?”
• Vincent, Macon, GA, “It seems that all the great deals are in a bad part of town. Is that true everywhere? How do I make any money there?”
• Elise, Port St. Lucie, FL, “I really liked the show you did on smart home technology. Can you talk a bit about the technology, programs, apps, and other solutions you use in your real estate business?”

Motivational Thoughts for the day

• "People often say that motivation doesn't last. Well, neither does bathing -- that's why we recommend it daily." -- Zig Ziglar

FAR 177 Expected Air Date: 8/13/18 Opening I have a great photo in my humor collection of a pig who looks like he's smiling at the camera. The caption says, "I turn vegetables into bacon. What's your super power?" I have an unsurprisingly large number of bacon jokes in this collection but this is one of my favorites. Humor aside, I want to ask you this question today. If you could have any super power, what would it be? What if I told you that you already have a power inside of you that is remarkable, perhaps even super? You have a few actually, but today I want to zero in on the power that is already inside of you to make your life count -- to live a life that has depth and meaning is within your grasp. You have the power! And in a few minutes I'm going to tell you how to unleash that power. 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:

• Lunch with me every Wednesday.
• Tomorrow! August 14th, speaking at Catalyst, "Contractor Impossible"
• 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: The Power of Meaning You have the power to attach meaning to your life. From the grandest plans, the wildest unexpected experiences, the unpredictable and often hurtful behavior of others, right down to the smallest details of your everyday existence, you decide not only how meaningful these are to you, but what that meaning is. This is an awesome power which can be both tremendously positive and dangerous at the same time. Dangers Giving too much importance to the unimportant. Making everything important. Making nothing important. Focusing on the wrong problems. Attaching disconnected "meaning" to life events. Positives Ability to sort out and prioritize. Think carefully about the "presenting issue" and look for the real problem. Attach meaning that flows from your sense of purpose and larger belief system. Realize that impulse reactions may be "normal" in a sense, but not usually the most helpful responses. So what are the steps to living a meaningful life? First, think long and hard about what "meaningful" means? Ask yourself a lot of questions. What is important to you? Why? And why is that your answer? For example, Meaningful are those things that are Lasting Personal Sources of joy, peace, contentment, entertainment, humor, fulfillment It seems that the longer something lasts, the more intrinsic meaning it has. The human soul -- Your house -- Your car -- Your toothbrush. While we want to believe that every life has value, we obviously attach more value to those around us. The closer a person is, the more meaningful that relationship is. A distant person we've never met or heard of is brutally murdered in another city. While we may feel a moment of sadness or compassion for that person and his/her family, we are not as impacted as we are when a close friend is robbed at gunpoint. And THAT doesn't shake us as much as hearing a doctor say we have a terminal illness. The point is, the more personal something is, the more meaning we naturally attach to it. We all carry excess baggage around in the form of attaching meaning to people or life events that we could probably let go and just be better off. Is it really that easy to just drop it? No, but that's not what I'm suggesting either. I'm suggesting that instead of holding on to the bag of "stuff", open it up, sort through it, think the thoughts that need to be thought, feel the feelings that need to be felt, decide what needs to be decided, take responsibility for whatever you can actually do now about the situation, ask yourself what is to be learned here, how did this event or person prepare you, enrich you, inform you. I encourage you to unpack that bag carefully, thoughtfully and purposefully. And once you have done that, pack it back up and put it into long term storage, saving out only those things that you intentionally choose. Now that's for the things and people that have already happened. Today is a new day. How will we approach this with meaning and purpose? I want you to have a good day. And a truly good day is one that begins well. For most of us, what happens in the first couple of hours of our day tends to set the tone for how that day is going to go. Now if you listened to what I've just said, this doesn't HAVE to be the case, but it usually is. So as much as possible, let's start each day off well. Notice I'm avoiding saying "great". Every day can't be great. Because if they were, none of them would be truly great, since great is comparison word and in order to be great, something else has to be less than. So your goal is to have a GOOD day. And some of them will turn out to be great! You'll have no trouble finding 1000 books and articles telling you to start out your day with exercise, a healthy breakfast, quiet time, journaling, and so on. Nothing wrong with any of those, but some of us have a schedule that defies regularity and many more of us just don't really keep up with those things consistently. And by defining a good day as starting off with those habits, when we miss, our day can be ruined by self-inflicted guilt. Here's a different idea: Start your day with thinking. No matter what your routine is, or how it is interrupted, you can do some thinking, right? While in the shower, during that commute, even while getting dressed, there are things we HAVE to do in order to start our day that do not require our complete attention, so have some thinking time at the beginning of each day. And what should you think about? Here are some suggestions:

• The Thankful list.
• My Purpose - This is a different show, but review your "why am I here" statements.
• The things that give my life meaning. How will I have a chance to accomplish these today?
  • Honoring God
  • Helping others
  • Providing for my family
• Get 5 things done today. What are they?
• Anticipate Interruptions. See any possibilities?
• Small Reward for a Good Day.
  • Favorite TV show
  • Patio Time
  • A favorite beverage

Then try to do something physical each day, even if it's just going for a walk. Physical activity does more than benefit your body - it also frees your brain. Exercise can be a potent treatment for depression and anxiety. You don't have to be a gym rat -- but you can probably walk a mile in 20 minutes, so walk somewhere for 10 minutes and then turn around and walk home. That's much better than doing nothing. You have the Power of Meaning. You are already using this power, but if you realize just how powerful you are, you can start now to shape the life you want. Emails:

• Sherry, Colorado Springs, "Do you buy burnouts? What do you think about this? I'm looking at a house that had a kitchen fire. Most of the house is fine, but the kitchen is destroyed."
• Shawn, Long Beach, "I bought a house using information from an online deal analyzer but now I can't find anyone who will do the work for what the analyzer said it should cost. The repairs are going to take out all the profit or most of it. What would you do?"
• Sammy, Tampa, "How does anyone have more than 9 rental properties? My bank just told me I can't get any more loans."
• Craig, Harrisburg, PA, "I need advice for someone who is young, very motivated and willing to work, but has no experience, no money, and no credit. I don't have bad credit - I don't have any credit. I just turned 20 and really want to get into real estate. I'm in community college part time, but don't have enough money to pay for full time college at the university, and I don't want to do student loans."
• Kerry and Brittany, Jacksonville, FL "We are first time home-buyer and have a house under contract. The home inspector has listed several items that need to be addressed and it has us running scared. But it was so difficult to find a house and win a bid, we hate to give it up. Please advise us. Here's the list:
  • HVAC is 10 years old. Recommend replacing.
  • Roof was improperly flashed at dormers. Recommend removing current roofing material in affected area, properly flashing and sealing, and replacing roofing material. (roof is asphalt shingle)
  • GFCI outlets are not present in bathroom or above countertop in kitchen. Recommend replacing outlets with properly install GFCI outlets

Motivational Thoughts for the day

• "Hardships often prepare ordinary people for an extraordinary destiny." C.S. Lewis

FAR 177 Expected Air Date: 8/13/18 Opening I have a great photo in my humor collection of a pig who looks like he’s smiling at the camera. The caption says, “I turn vegetables into bacon. What’s your super power?” I have an unsurprisingly large number of bacon jokes in this collection but this is one of my favorites. Humor aside, I want to ask you this question today. If you could have any super power, what would it be? What if I told you that you already have a power inside of you that is remarkable, perhaps even super? You have a few actually, but today I want to zero in on the power that is already inside of you to make your life count -- to live a life that has depth and meaning is within your grasp. You have the power! And in a few minutes I’m going to tell you how to unleash that power. 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:

• Lunch with me every Wednesday.
• Tomorrow! August 14th, speaking at Catalyst, “Contractor Impossible”
• 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: The Power of Meaning You have the power to attach meaning to your life. From the grandest plans, the wildest unexpected experiences, the unpredictable and often hurtful behavior of others, right down to the smallest details of your everyday existence, you decide not only how meaningful these are to you, but what that meaning is. This is an awesome power which can be both tremendously positive and dangerous at the same time. Dangers Giving too much importance to the unimportant. Making everything important. Making nothing important. Focusing on the wrong problems. Attaching disconnected “meaning” to life events. Positives Ability to sort out and prioritize. Think carefully about the “presenting issue” and look for the real problem. Attach meaning that flows from your sense of purpose and larger belief system. Realize that impulse reactions may be “normal” in a sense, but not usually the most helpful responses. So what are the steps to living a meaningful life? First, think long and hard about what “meaningful” means? Ask yourself a lot of questions. What is important to you? Why? And why is that your answer? For example, Meaningful are those things that are Lasting Personal Sources of joy, peace, contentment, entertainment, humor, fulfillment It seems that the longer something lasts, the more intrinsic meaning it has. The human soul -- Your house -- Your car -- Your toothbrush. While we want to believe that every life has value, we obviously attach more value to those around us. The closer a person is, the more meaningful that relationship is. A distant person we’ve never met or heard of is brutally murdered in another city. While we may feel a moment of sadness or compassion for that person and his/her family, we are not as impacted as we are when a close friend is robbed at gunpoint. And THAT doesn’t shake us as much as hearing a doctor say we have a terminal illness. The point is, the more personal something is, the more meaning we naturally attach to it. We all carry excess baggage around in the form of attaching meaning to people or life events that we could probably let go and just be better off. Is it really that easy to just drop it? No, but that’s not what I’m suggesting either. I’m suggesting that instead of holding on to the bag of “stuff”, open it up, sort through it, think the thoughts that need to be thought, feel the feelings that need to be felt, decide what needs to be decided, take responsibility for whatever you can actually do now about the situation, ask yourself what is to be learned here, how did this event or person prepare you, enrich you, inform you. I encourage you to unpack that bag carefully, thoughtfully and purposefully. And once you have done that, pack it back up and put it into long term storage, saving out only those things that you intentionally choose. Now that’s for the things and people that have already happened. Today is a new day. How will we approach this with meaning and purpose? I want you to have a good day. And a truly good day is one that begins well. For most of us, what happens in the first couple of hours of our day tends to set the tone for how that day is going to go. Now if you listened to what I’ve just said, this doesn’t HAVE to be the case, but it usually is. So as much as possible, let’s start each day off well. Notice I’m avoiding saying “great”. Every day can’t be great. Because if they were, none of them would be truly great, since great is comparison word and in order to be great, something else has to be less than. So your goal is to have a GOOD day. And some of them will turn out to be great! You’ll have no trouble finding 1000 books and articles telling you to start out your day with exercise, a healthy breakfast, quiet time, journaling, and so on. Nothing wrong with any of those, but some of us have a schedule that defies regularity and many more of us just don’t really keep up with those things consistently. And by defining a good day as starting off with those habits, when we miss, our day can be ruined by self-inflicted guilt. Here’s a different idea: Start your day with thinking. No matter what your routine is, or how it is interrupted, you can do some thinking, right? While in the shower, during that commute, even while getting dressed, there are things we HAVE to do in order to start our day that do not require our complete attention, so have some thinking time at the beginning of each day. And what should you think about? Here are some suggestions:

• The Thankful list.
• My Purpose - This is a different show, but review your “why am I here” statements.
• The things that give my life meaning. How will I have a chance to accomplish these today?
  • Honoring God
  • Helping others
  • Providing for my family
• Get 5 things done today. What are they?
• Anticipate Interruptions. See any possibilities?
• Small Reward for a Good Day.
  • Favorite TV show
  • Patio Time
  • A favorite beverage

Then try to do something physical each day, even if it’s just going for a walk. Physical activity does more than benefit your body - it also frees your brain. Exercise can be a potent treatment for depression and anxiety. You don’t have to be a gym rat -- but you can probably walk a mile in 20 minutes, so walk somewhere for 10 minutes and then turn around and walk home.  That’s much better than doing nothing. You have the Power of Meaning. You are already using this power, but if you realize just how powerful you are, you can start now to shape the life you want. Emails:

• Sherry, Colorado Springs, “Do you buy burnouts? What do you think about this? I’m looking at a house that had a kitchen fire. Most of the house is fine, but the kitchen is destroyed.”
• Shawn, Long Beach, “I bought a house using information from an online deal analyzer but now I can’t find anyone who will do the work for what the analyzer said it should cost. The repairs are going to take out all the profit or most of it. What would you do?”
• Sammy, Tampa, “How does anyone have more than 9 rental properties? My bank just told me I can’t get any more loans.”
• Craig, Harrisburg, PA, “I need advice for someone who is young, very motivated and willing to work, but has no experience, no money, and no credit. I don’t have bad credit - I don’t have any credit. I just turned 20 and really want to get into real estate. I’m in community college part time, but don’t have enough money to pay for full time college at the university, and I don’t want to do student loans.”
• Kerry and Brittany, Jacksonville, FL “We are first time home-buyer and have a house under contract. The home inspector has listed several items that need to be addressed and it has us running scared. But it was so difficult to find a house and win a bid, we hate to give it up. Please advise us. Here’s the list:
  • HVAC is 10 years old. Recommend replacing.
  • Roof was improperly flashed at dormers. Recommend removing current roofing material in affected area, properly flashing and sealing, and replacing roofing material. (roof is asphalt shingle)
  • GFCI outlets are not present in bathroom or above countertop in kitchen. Recommend replacing outlets with properly install GFCI outlets

Motivational Thoughts for the day

• “Hardships often prepare ordinary people for an extraordinary destiny.” C.S. Lewis

FAR 176 Expected Air Date: 8/11/18 Opening We are going to take some time today to open the mail and answer a lot of your questions. Thanks for writing in and keep the questions coming. As always we answer every question that comes in and some of them we set aside to answer on the show. 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:

• Lunch with me every Wednesday.
• Thursday August 9th, speaking at Flipping Atlanta "Investing in Real Estate with Your Self-Directed IRA"
• Tuesday August 14th, speaking at Catalyst, "Contractor Impossible"
• 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.news-press.com/story/money/2018/08/05/five-reasons-why-real-estate-market-year-could-southwest-florida-best-ever/852009002/
• https://www.postandcourier.com/business/real_estate/school-re-openings-influence-local-real-estate-market/article_94f4410c-9504-11e8-b4db-57424629d9af.html
• https://www.dailyrepublic.com/projects/home-sehttps://www.postandcourier.com/business/real_estate/school-re-openings-influence-local-real-estate-market/article_94f4410c-9504-11e8-b4db-57424629d9af.htmlller/solano-real-estate-scene-are-we-in-another-housing-market-bubble/
• https://www.wthr.com/article/watch-real-estate-update-market-slowing-down
• http://www.crainsdetroit.com/article/20180805/news/667746/housing-demand-auto-research-drive-commercial-real-estate-market-in-ann
• https://www.columbian.com/news/2018/aug/05/after-solid-rebound-whats-next-for-small-cap-real-estate-stocks/
• http://rismedia.com/2018/08/05/real-estate-forever-brand-gaining-new-insight-berkshire-hathaway-homeservices/
• https://pagesix.com/2018/08/02/usher-sells-the-mansion-he-bought-at-the-start-of-his-career/
• https://pagesix.com/2018/08/01/judge-judy-buys-9m-rhode-island-mansion/
• https://www.realtor.com/news/trends/top-10-places-big-houses-bargain/

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

• Ellen, Villages of Ocala, FL, "We are trying to maximize the returns on our self-directed IRA. We started a little late in the game and don't really have enough money in there to buy and flip a house. Any suggestions?"
• Karenza, Long Beach, CA "I want to dive into buying rental properties here in southern california. My question is, am I too late?"
• Britney, Penn Hills, PA "My husband and I are finishing up our first flip -- so exciting! We are having a discussion about interior paint colors. Our property is in an area that has a lot of investor activity with trendy styles and colors. I want a bold color scheme, but my husband wants builder's beige. Can you settle the debate?"
• Wally from Aurora, CO "I want to invest in the marijuana industry. What are your thoughts?"
• Allie, Milwaukee, WI "I'm looking at an older home - about 50 years old. In the basement, the wall is cracked and bulging out just a little. The bulge is about 5 feet off the floor, and it's no more than 2" out of plumb with the wall, but the entire wall is slightly displaced. I looked for cracks in the walls upstairs and didn't see any. The seller told me they completely remodeled the house 10 years ago and tore out the plaster walls and put in new drywall. This could be a nice profitable project but how concerned should I be?
• Frankie, Manchester Maine, "You seem to buy just about anything. What are things you DON'T or WON'T do?"
• Suzanne, Tampa FL "How do you do your show three times a week, post on social media like nobody's business, teach house flipping, make videos AND run your business? I'm not trying to challenge you. I really want to know how you do it?

Motivational Thoughts for the day

• "Dreams will get you nowhere, a good kick in the pants will take you a long way…" Baltasar Gracian

FAR 176 Expected Air Date: 8/11/18 Opening We are going to take some time today to open the mail and answer a lot of your questions. Thanks for writing in and keep the questions coming. As always we answer every question that comes in and some of them we set aside to answer on the show. 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:

• Lunch with me every Wednesday.
• Thursday August 9th, speaking at Flipping Atlanta “Investing in Real Estate with Your Self-Directed IRA”
• Tuesday August 14th, speaking at Catalyst, “Contractor Impossible”
• 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.news-press.com/story/money/2018/08/05/five-reasons-why-real-estate-market-year-could-southwest-florida-best-ever/852009002/
• https://www.postandcourier.com/business/real_estate/school-re-openings-influence-local-real-estate-market/article_94f4410c-9504-11e8-b4db-57424629d9af.html
• https://www.dailyrepublic.com/projects/home-sehttps://www.postandcourier.com/business/real_estate/school-re-openings-influence-local-real-estate-market/article_94f4410c-9504-11e8-b4db-57424629d9af.htmlller/solano-real-estate-scene-are-we-in-another-housing-market-bubble/
• https://www.wthr.com/article/watch-real-estate-update-market-slowing-down
• http://www.crainsdetroit.com/article/20180805/news/667746/housing-demand-auto-research-drive-commercial-real-estate-market-in-ann
• https://www.columbian.com/news/2018/aug/05/after-solid-rebound-whats-next-for-small-cap-real-estate-stocks/
• http://rismedia.com/2018/08/05/real-estate-forever-brand-gaining-new-insight-berkshire-hathaway-homeservices/
• https://pagesix.com/2018/08/02/usher-sells-the-mansion-he-bought-at-the-start-of-his-career/
• https://pagesix.com/2018/08/01/judge-judy-buys-9m-rhode-island-mansion/
• https://www.realtor.com/news/trends/top-10-places-big-houses-bargain/

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

• Ellen, Villages of Ocala, FL, “We are trying to maximize the returns on our self-directed IRA. We started a little late in the game and don’t really have enough money in there to buy and flip a house. Any suggestions?”
• Karenza, Long Beach, CA “I want to dive into buying rental properties here in southern california. My question is, am I too late?”
• Britney, Penn Hills, PA “My husband and I are finishing up our first flip -- so exciting! We are having a discussion about interior paint colors. Our property is in an area that has a lot of investor activity with trendy styles and colors. I want a bold color scheme, but my husband wants builder’s beige. Can you settle the debate?”
• Wally from Aurora, CO “I want to invest in the marijuana industry. What are your thoughts?”
• Allie, Milwaukee, WI “I’m looking at an older home - about 50 years old. In the basement, the wall is cracked and bulging out just a little. The bulge is about 5 feet off the floor, and it’s no more than 2” out of plumb with the wall, but the entire wall is slightly displaced. I looked for cracks in the walls upstairs and didn’t see any. The seller told me they completely remodeled the house 10 years ago and tore out the plaster walls and put in new drywall. This could be a nice profitable project but how concerned should I be?
• Frankie, Manchester Maine, “You seem to buy just about anything. What are things you DON’T or WON’T do?”
• Suzanne, Tampa FL “How do you do your show three times a week, post on social media like nobody’s business, teach house flipping, make videos AND run your business? I’m not trying to challenge you. I really want to know how you do it?

Motivational Thoughts for the day

• “Dreams will get you nowhere, a good kick in the pants will take you a long way…” Baltasar Gracian

FAR 174 Expected Air Date: 8/6/18 Opening Ok, I've given away my content a bit with the title "Feelings are Overrated." But I'm going to back it up. I'm reminded of a press conference with Coach Bobby Knight when, after a particularly difficult loss a reporter asked him how he felt. Even at the time I thought it was a dumb question, but Coach Knight didn't disappoint. He tore into the reporter and reminded all of us what a stupid question sounds like. That hasn't deterred reporters from asking the most obvious question over and over - "How do you feel?" First of all, the answer to that always goes without saying. The reporter asking it is not seeking news, but rather echoing the sentiment in our culture that we should be focusing on and thinking about our feelings. Today I'm going to challenge that notion and put forth the idea that while feelings are a part of our lives and should be acknowledged, 75 years of focusing on them hasn't made anything better and possibly has made things worse. If you're like me, and I bet you are, you see someone doing something completely senseless everyday. You also see people acting in complete disregard for everyone around them, as if the universe revolves around them. And lastly you probably see people who have a strong sense of self-esteem without any logical or apparent reason in their life why they should feel good about themselves. By focusing on our feelings we have lost our way when it comes to doing the hard stuff. A culture and a nation grows soft while contemplating our feelings. And the true tragedy is found in the belief that if we can discover how we truly feel, we will be better. The fact is, once we spend the time to discover how we truly feel, all we have done is focus on the emotion, but we haven't progressed toward any meaningful recovery. Watch a little TV and you will no doubt see a commercial for a new wonder drug designed to address one of your emotional states. Never mind the 5 pages of potentially life-threatening side effects they read off in super speed, the extent the drug works is the extent to which is numbs that feeling somehow. In a few minutes I'm going to share with you a better way - a way to acknowledge your feelings and still get useful things done. I want to give you a hint now, but I think I'll leave it at that. 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:

• Lunch with me every Wednesday.
• Thursday August 9th, speaking at Flipping Atlanta "Investing in Real Estate with Your Self-Directed IRA"
• Tuesday August 14th, speaking at Catalyst, "Contractor Impossible"
• 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://therealdeal.com/2018/08/04/are-resi-markets-headed-for-a-global-apocalypse/
• https://www.denverpost.com/2018/08/03/denver-housing-market-cooling/
• https://techcrunch.com/2018/08/03/rentlogic-lands-millions-to-grade-nyc-real-estate-for-renters-and-landlords/
• https://www.housingwire.com/articles/46372-wells-fargo-reveals-software-error-wrongly-denied-much-needed-mortgage-modifications
• https://www.realtor.com/news/trends/foreign-buyers-buying-less-u-s-real-estate/
• https://www.realtor.com/news/trends/fastest-growing-suburbs/
• https://www.forbes.com/sites/ellenparis/2018/04/23/springs-2018-real-estate-market-is-a-good-news-bad-news-story/#3a1330902c35
• https://www.quickenloans.com/blog/emerging-summer-trends-home-decor
• https://www.refinery29.uk/ikea-interiors-trends-autumn-winter-2018
• https://www.refinery29.uk/ikea-interiors-trends-autumn-winter-2018

Topic: Feelings are Overrated If your life is a play, "feelings" is one of the actors, but definitely NOT the director. Purpose is the director of our day to day lives. We've spent two generations getting in touch with our feelings, and all we've done is feel worse than ever before. While acknowledging our feelings, do what needs to be done and in so doing notice that we begin to feel differently, often better. Physical exercise combats depression. Progression of Activity and Reaction: Activating Event (external) Feeling Thought Decision Action Immediate problems result if we skip the "thought" step. Unfortunately our culture has been training people for at least 75 years to focus on their feelings which has led to acting on or responding to those feelings. If we completely ignore our feelings we may run into problems down the road, but our decisions will be more productive and reasonable. Here's another problem. Few people have practiced thinking before acting for so long, fewer still know what or how to think when they set out to do so. In general, schools don't really teach people how to think. They spit out facts for memorization and grades are based on the ability to memorize, not the ability to think. Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: [email protected] Tell us where you're from!

• Ronald, Colorado Springs, CO, "I need help finding deals for flips. I'm wrapping up my third deal. All three of them came from a small local bank. They don't have anything else now, and I'm not sure what to do next. I've read a bunch of articles online, but I'm not sure which ones work and which ones are hype. Thanks for the show."
• Meredith, Pittsburgh, PA, "I want to invest in real estate, but I don't want to own rental properties and I don't want to do flips. I want passive investment. I know about REITs and I've done some checking into crowdfunding sites. The REITs don't have great returns but they seem relatively safe. The crowdfunding makes me leery. I know they are probably doing just fine but it seems a little dicey to me. How should I be thinking about where to put my money?"
• Sydney, Lancaster, PA, "I'm confused about getting my business set up. I own three rental houses and a duplex, all titled in my own name. I just watched a webinar on asset protection. I heard that I needed to form a Nevada Corporation, which they were willing to set up for me -- for a fee of course. Since it was a webinar I looked up what it cost and they were adding about $1000 to what it would really cost. So I passed. But the logic seemed compelling. So I think I need to do something. I would like your input."
• Ellen, Villages of Ocala, FL, "We are trying to maximize the returns on our self-directed IRA. We started a little late in the game and don't really have enough money in there to buy and flip a house. Any suggestions?"
• Karenza, Long Beach, CA "I want to dive into buying rental properties here in southern california. My question is, am I too late?"
• Britney, Penn Hills, PA "My husband and I are finishing up our first flip -- so exciting! We are having a discussion about interior paint colors. Our property is in an area that has a lot of investor activity with trendy styles and colors. I want a bold color scheme, but my husband wants builder's beige. Can you settle the debate?"

Motivational Thoughts for the day

• "Dreams will get you nowhere, a good kick in the pants will take you a long way…" Baltasar Gracian