Flipping America

FAR 169 Expected Air Date: 07/14/18 Opening I can’t say enough about today’s guest. Great heart, great energy, great knowledge, and willingness to share himself and his experience with everyone. Abhi Golhar is a 2x nationally syndicated radio host on the Wall Street Radio Network, author, blogger, and CIO of Summit & Crowne, a real estate investment firm in Atlanta. Golhar has been investing in businesses and real estate since 2002 and always used a “value-added” approach to identify acquisition. He educate thousands of people as a national speaker and on his daily radio and YouTube shows. Golhar enjoys working with investors to implement market-driven strategies which have the highest potential for success. Do you have questions about how you can set up your business to advance and finish well? Golhar has answers. Email him: [email protected]. Abhi took a non-traditional route into real estate investing, he started in it while still young! You’ll hear his fascinating story coming up in just a few minutes. How to Reach 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:

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

• Fenton, St. Louis, MO “Is there a way I can work from the rent amount into a number I should pay for a house? I’m looking at paying $55,000 for a house I can rent out for $750. It seems like a good deal, but I don’t know for sure.”
• Alice, Atlanta, GA “I just heard about something called Debt Service Coverage Ratio. The presenter gave some numbers and I just nodded like I understood, but I had no idea what he meant. I knew right away I could just email you and get an answer.”

Motivational Thoughts for the day

• When you want to succeed as bad as you want to breathe, then you’ll be successful.
• Eric Thomas

FAR 168 Expected Air Date: 07/12/18 Opening Would you like to just sit down with a lawyer - off the clock - and pick his or her brain about real estate and business issues? Today you can. Well -- today you can, vicariously anyway. Coming up in a few minutes I'm going to interview a real estate attorney from Austin Texas, Ben De Leon. He is the President of De Leon Washburn & Ward, P.C. (dwlawtx.com), one of Texas' most storied independent law firms. As general counsel to some of Texas' fastest growing companies, he is passionate about helping entrepreneurs focus on the success of their business by providing strategic guidance and legal counsel. He serves as outside general counsel to various small to mid-size companies in all areas of business law, including real estate and construction matters. Here's a cool thing - you can kinda pick his brain too - because Ben is a blogger. He talks about issues important to us as investors. I spent some time on his website reading his blog and I can tell you it's recommended reading. Some of it is very eye-opening. That's at dwlawtx.com. How to Reach 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:

• 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!

• http://www.dwlawtx.com/blog/

Guest: Ben De Leon Motivational Thoughts for the day

• When you want to succeed as bad as you want to breathe, then you'll be successful.
• Eric Thomas

FAR 168 Expected Air Date: 07/12/18 Opening Would you like to just sit down with a lawyer - off the clock - and pick his or her brain about real estate and business issues? Today you can. Well -- today you can, vicariously anyway. Coming up in a few minutes I’m going to interview a real estate attorney from Austin Texas, Ben De Leon. He is the President of De Leon Washburn & Ward, P.C. (dwlawtx.com), one of Texas’ most storied independent law firms. As general counsel to some of Texas’ fastest growing companies, he is passionate about helping entrepreneurs focus on the success of their business by providing strategic guidance and legal counsel. He serves as outside general counsel to various small to mid-size companies in all areas of business law, including real estate and construction matters. Here’s a cool thing - you can kinda pick his brain too - because Ben is a blogger. He talks about issues important to us as investors. I spent some time on his website reading his blog and I can tell you it’s recommended reading. Some of it is very eye-opening. That’s at dwlawtx.com. How to Reach 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:

• 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!

• http://www.dwlawtx.com/blog/

Guest: Ben De Leon Motivational Thoughts for the day

• When you want to succeed as bad as you want to breathe, then you’ll be successful.
• Eric Thomas

FAR 167 Expected Air Date: 07/09/18 Opening I was minding my own business at the pool the other day and a young man walked by with a shirt that read "Stop Being Poor." My first reaction was to be a bit startled, then amused. I thought to myself "he's inviting a heap of criticism upon himself -- I wonder if he can take it?" Then I realized we were at the pool deck of our building in midtown Atlanta and it's unlikely he would run into any poor people at this venue. Of course if we want to see poor people all we need do is step outside the door of our building and start walking in any direction. We won't go a full block before we come across someone with their hand out, making various claims about their homelessness, joblessness or poverty. This show is about real estate and real estate investing, and the subject of poverty is not a happy one. In fact it might be one we prefer not to ever think about. But it is ever with us and should be considered in light of our larger responsibilities to ourselves and the people around us. So later in the show I'm going to tackle the subject and see if I can't bring it around to a real estate connection somehow. How to Reach 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:

• 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.forbes.com/sites/ingowinzer/2018/07/06/booms-are-back-in-these-25-real-estate-markets/#59e4405a5386
• https://www.consumerfinance.gov/about-us/newsroom/cfpb-launches-new-mortgage-performance-trends-tool-tracking-delinquency-rates/
• https://www.corelogic.com/downloadable-docs/hpi/corelogic-hpi-monthly-marketing-data-may-2018webnational.pdf
• https://www.ocregister.com/2018/07/05/bubble-watch-is-southern-californias-housing-shortage-near-its-end/
• https://www.huffingtonpost.com/entry/poverty-is-a-choice-they-say_us_58c316d8e4b0a797c1d39c77
• https://talkpoverty.org/2017/10/04/house-budget-shows-us-poverty-choice/
• https://haroldherring.com/blogs/harolds-blogs/richthoughts/270-12-reasons-poverty-is-a-choice
• https://www.rappler.com/thought-leaders/167915-poverty-not-a-choice
• https://www.washingtonpost.com/news/politics/wp/2017/03/07/jason-chaffetzs-iphone-comment-revives-the-poverty-is-a-choice-argument/?noredirect=on&utm_term=.f97308de890b
• http://www.debate.org/opinions/is-poverty-a-choice

Topic: Stop Being Poor The shirt: "Stop Being Poor". I did some research and learned there was an entire meme on the internet about this.

1. Poverty is a choice, especially in the United States of America.
   1. Many are born into poverty and don't realize the opportunity.
   2. Our role is to present the opportunity, not create dependency.
   3. Anyone can take the next step.
2. "The poor will always be with you." -Jesus. Why?
   1. Some (non U.S.) lack any reasonable opportunity.
   2. Some do not have the ability to lift themselves out. Mental illness or physical disability.
   3. Some are trapped by culture - unaware of the steps out of poverty.
   4. Some are unmotivated. America is a land of opportunity unparalleled in the world and throughout history. It is also a country where you can do absolutely nothing with your life and receive handouts that make your living standard better than much of the rest of the world. Many will choose this. If you're unmotivated, if you'd rather sleep than work, if you prefer entertainment or fill in the blank with your substance of choice rather than advancing yourself, I'm ok with that. Just don't complain to me about being poor. And please have the intellectual integrity to stop blaming everyone else.
3. So what do we do with the poor?
   1. Feed, clothe, and shelter them.
   2. Show them the way out.
   3. Feed, clothe, and shelter even those who choose to remain poor. Why? Because this is how we live out beautiful concepts known as mercy and grace. We have all received mercy and grace and perhaps the most Godlike thing we can actually DO with our lives is to be conduits of mercy and grace. What are mercy and grace?
      1. Mercy: NOT getting the negative results you deserve.
      2. Grace: Getting positive blessings you don't and possibly couldn't deserve.

Anyone hearing my voice right now has the opportunity to do something different with your life, if you want to. If you think there's a better life out there and you want it badly, you have the freedom in this country to pursue it. There's so much more to life than being rich in material things, but if that's what you want, all you have to do is learn what rich people do and do that. Whatever it is you want to achieve there is almost certainly someone out there whose path you can follow. The real question is not whether there is opportunity. The real question is, how badly do you want it? What can we do?

• The people on the street?
• The impersonal unknown "poor"
  • Let the state help?
  • Do your bit.
• The working class poor?
  • Affordable housing
  • Rent with respect for human decency and dignity.

"There will always be those who take advantage of the less fortunate. You don't have to be one of them -- even to compete with them." Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: [email protected] Tell us where you're from!

• Veronica, Pittsburgh, PA, "I'm new to this, I have my contractor and my funding lined up. I just need deals. What are the top 2 or 3 ways you find deals to fix and flip?"
• Max, Long Beach, CA, "I want to get into this business. I have no money, no credit, and no experience. But I WILL work hard and I will work for free just to learn. Can you help me?"

Motivational Thoughts for the day

• When you want to succeed as bad as you want to breathe, then you'll be successful.
• Eric Thomas

FAR 167 Expected Air Date: 07/09/18 Opening I was minding my own business at the pool the other day and a young man walked by with a shirt that read “Stop Being Poor.” My first reaction was to be a bit startled, then amused. I thought to myself “he’s inviting a heap of criticism upon himself -- I wonder if he can take it?” Then I realized we were at the pool deck of our building in midtown Atlanta and it’s unlikely he would run into any poor people at this venue. Of course if we want to see poor people all we need do is step outside the door of our building and start walking in any direction. We won’t go a full block before we come across someone with their hand out, making various claims about their homelessness, joblessness or poverty. This show is about real estate and real estate investing, and the subject of poverty is not a happy one. In fact it might be one we prefer not to ever think about. But it is ever with us and should be considered in light of our larger responsibilities to ourselves and the people around us. So later in the show I’m going to tackle the subject and see if I can’t bring it around to a real estate connection somehow. How to Reach 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:

• 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.forbes.com/sites/ingowinzer/2018/07/06/booms-are-back-in-these-25-real-estate-markets/#59e4405a5386
• https://www.consumerfinance.gov/about-us/newsroom/cfpb-launches-new-mortgage-performance-trends-tool-tracking-delinquency-rates/
• https://www.corelogic.com/downloadable-docs/hpi/corelogic-hpi-monthly-marketing-data-may-2018webnational.pdf
• https://www.ocregister.com/2018/07/05/bubble-watch-is-southern-californias-housing-shortage-near-its-end/
• https://www.huffingtonpost.com/entry/poverty-is-a-choice-they-say_us_58c316d8e4b0a797c1d39c77
• https://talkpoverty.org/2017/10/04/house-budget-shows-us-poverty-choice/
• https://haroldherring.com/blogs/harolds-blogs/richthoughts/270-12-reasons-poverty-is-a-choice
• https://www.rappler.com/thought-leaders/167915-poverty-not-a-choice
• https://www.washingtonpost.com/news/politics/wp/2017/03/07/jason-chaffetzs-iphone-comment-revives-the-poverty-is-a-choice-argument/?noredirect=on&utm_term=.f97308de890b
• http://www.debate.org/opinions/is-poverty-a-choice

Topic: Stop Being Poor The shirt: “Stop Being Poor”. I did some research and learned there was an entire meme on the internet about this.

1. Poverty is a choice, especially in the United States of America.
   1. Many are born into poverty and don’t realize the opportunity.
   2. Our role is to present the opportunity, not create dependency.
   3. Anyone can take the next step.
2. “The poor will always be with you.” -Jesus. Why?
   1. Some (non U.S.) lack any reasonable opportunity.
   2. Some do not have the ability to lift themselves out. Mental illness or physical disability.
   3. Some are trapped by culture - unaware of the steps out of poverty.
   4. Some are unmotivated. America is a land of opportunity unparalleled in the world and throughout history. It is also a country where you can do absolutely nothing with your life and receive handouts that make your living standard better than much of the rest of the world. Many will choose this. If you’re unmotivated, if you’d rather sleep than work, if you prefer entertainment or fill in the blank with your substance of choice rather than advancing yourself, I’m ok with that. Just don’t complain to me about being poor. And please have the intellectual integrity to stop blaming everyone else.
3. So what do we do with the poor?
   1. Feed, clothe, and shelter them.
   2. Show them the way out.
   3. Feed, clothe, and shelter even those who choose to remain poor. Why? Because this is how we live out beautiful concepts known as mercy and grace. We have all received mercy and grace and perhaps the most Godlike thing we can actually DO with our lives is to be conduits of mercy and grace. What are mercy and grace?
      1. Mercy: NOT getting the negative results you deserve.
      2. Grace: Getting positive blessings you don’t and possibly couldn’t deserve.

Anyone hearing my voice right now has the opportunity to do something different with your life, if you want to.  If you think there’s a better life out there and you want it badly, you have the freedom in this country to pursue it. There’s so much more to life than being rich in material things, but if that’s what you want, all you have to do is learn what rich people do and do that. Whatever it is you want to achieve there is almost certainly someone out there whose path you can follow. The real question is not whether there is opportunity. The real question is, how badly do you want it? What can we do?

• The people on the street?
• The impersonal unknown “poor”
  • Let the state help?
  • Do your bit.
• The working class poor?
  • Affordable housing
  • Rent with respect for human decency and dignity.

“There will always be those who take advantage of the less fortunate. You don’t have to be one of them -- even to compete with them.” Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: [email protected] Tell us where you’re from!

• Veronica, Pittsburgh, PA, “I’m new to this, I have my contractor and my funding lined up. I just need deals. What are the top 2 or 3 ways you find deals to fix and flip?”
• Max, Long Beach, CA, “I want to get into this business. I have no money, no credit, and no experience. But I WILL work hard and I will work for free just to learn. Can you help me?”

Motivational Thoughts for the day

• When you want to succeed as bad as you want to breathe, then you’ll be successful.
• Eric Thomas

FAR 166 Expected Air Date: 07/07/18 Opening I got a show full of news and your questions today. We are getting emails from some of you who are loving the guests we've been having and some of you prefer the shows where I talk the entire time. Your comments are about evenly balanced with a slight tilt to the guests. I personally prefer the guests because I usually don't learn anything new when I'm talking and I want to learn more and get better at this. Today I'm going to review the news, talk about More News with regard to my predictions about the market, and then share some Really Exciting News about a new program from your friends here at Flipping America. How to Reach 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:

• 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.realtor.com/advice/rent/airbnb-rules-for-renting-out-home/?iid=rdc_news_hp_carousel_theLatest
• https://www.realtor.com/news/celebrity-real-estate/inside-derek-jeter-castle/
• https://www.realtor.com/realestateandhomes-detail/4110-Paces-Ferry-Rd-NW_Atlanta_GA_30327_M54418-80077#photo0
• https://www.realtor.com/advice/home-improvement/geometric-decor-ideas/?iid=rdc_news_hp_carousel_theLatest
• https://www.houzz.com/ideabooks/27317567/list/20-ideas-for-easygoing-summer-parties
• https://www.nationalmortgagenews.com/news/mortgage-delinquency-rates-down-annually-a-sign-of-a-healthy-economy
• https://www.consumerfinance.gov/about-us/newsroom/cfpb-launches-new-mortgage-performance-trends-tool-tracking-delinquency-rates/

The BIG announcement. Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: [email protected] Tell us where you're from! Motivational Thoughts for the day

• When you want to succeed as bad as you want to breathe, then you'll be successful.
• Eric Thomas

FAR 166 Expected Air Date: 07/07/18 Opening I got a show full of news and your questions today. We are getting emails from some of you who are loving the guests we’ve been having and some of you prefer the shows where I talk the entire time. Your comments are about evenly balanced with a slight tilt to the guests. I personally prefer the guests because I usually don’t learn anything new when I’m talking and I want to learn more and get better at this. Today I’m going to review the news, talk about More News with regard to my predictions about the market, and then share some Really Exciting News about a new program from your friends here at Flipping America. How to Reach 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:

• 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.realtor.com/advice/rent/airbnb-rules-for-renting-out-home/?iid=rdc_news_hp_carousel_theLatest
• https://www.realtor.com/news/celebrity-real-estate/inside-derek-jeter-castle/
• https://www.realtor.com/realestateandhomes-detail/4110-Paces-Ferry-Rd-NW_Atlanta_GA_30327_M54418-80077#photo0
• https://www.realtor.com/advice/home-improvement/geometric-decor-ideas/?iid=rdc_news_hp_carousel_theLatest
• https://www.houzz.com/ideabooks/27317567/list/20-ideas-for-easygoing-summer-parties
• https://www.nationalmortgagenews.com/news/mortgage-delinquency-rates-down-annually-a-sign-of-a-healthy-economy
• https://www.consumerfinance.gov/about-us/newsroom/cfpb-launches-new-mortgage-performance-trends-tool-tracking-delinquency-rates/

The BIG announcement.   Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: [email protected] Tell us where you’re from! Motivational Thoughts for the day

• When you want to succeed as bad as you want to breathe, then you’ll be successful.
• Eric Thomas

FAR 164 Expected Air Date: 07/2/18 Opening Have you ever asked yourself the question, "what is this remodeling job going to cost?" When you buy an investment property, especially if you are going to flip it, the repair / remodel number is one of the big three numbers you HAVE to know in order to be sure you're going to make money on the project. The other two are the ARV and the cost of the money. Where does the purchase price fit in? Because it seems like that's where you start. It IS the first number that gets activated in the process, but it's the last number to be calculated. You back into a purchase or offer price based on the other three numbers. This is true in any kind of property investment. You must have your exit strategy and a strong understanding of what you will get for the property, you must know your rehab or "value add" number. And you should be mindful of you cost of funds. Today we are going to visit with the guy who can help you nail down that rehab number. His name is Pat Dornan and he is the inventor of the Ultimate Rehab Estimator. Ron was on the program about a year ago when both his software and this show were new. In that time his product has grown, the feature set has expanded remarkably, and he is, in my opinion, on his way to market dominance. There are other construction estimating programs out there designed for the insurance industry and disaster cleanup crews, but they use bloated and many time unrealistic pricing, which frankly seems like more of a WAG to me. If you want to know what a WAG is, you can look it up or contact us, but this is a kid friendly show, so I'm not telling you on the air. The URE takes you through a property board by board, cabinets, countertops, outlets, everything you would typically do in a property. The program is linked to the Home Depot catalog for most every item you would ever need. Then Pat and his team add in the labor rates from every state in the US and sales tax information in every location so they can calculate to within a couple of dollars the exact cost of your rehab. It's an amazingly thorough product and no investor should be without it. Pat will be here in just a few moments. How to Reach us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements:

• Lunch with me every Wednesday.
• Flipping America App is in the app store. You can listen to the show, read the show notes, and n 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/jeffsteele/2018/06/28/dos-and-donts-when-reinvesting-real-estate-returns/#6ca409e918a0
• https://www.forbes.com/sites/forbesrealestatecouncil/2018/06/28/is-commercial-real-estate-dying-or-just-different-seven-experts-weigh-in/#63739b92f7b7
• https://www.dallasnews.com/business/real-estate/2018/06/28/dallas-wants-involve-developers-redeveloping-citys-old-public-housing-stock
• https://pilotonline.com/business/jobs/article_1c99bd0e-6b01-5736-928b-4f6add75f5d7.html
• http://www.cbs8.com/story/38526442/housing-market-are-house-flippers-driving-up-san-diego-home-prices
• https://www.cnn.com/2018/06/27/us/san-francisco-income-housing/index.html

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

• Warrick, Boulder, CO "Just found your show and am enjoying it. I'm about to do my first flip, buying a house from a wholesaler. He wants me to give him $7500 as a non-refundable deposit. He also said there is no due diligence on the deal. I have to close in 14 days. I didn't want to ask him, but what is due diligence? And is this a bad thing?"
• Larry, London, KY, "I'm interested in owning rental properties in this area. I have a few, but I'm not sure I bought them right. What kind of price would you suggest? The market here is probably not as strong as some of the places you mention on your show."
• Sheila, Jacksonville, FL "I'm 63 about to retire a bit early. I have enough in my accounts that I know I can live the rest of my days if I can make just a consistent 6% return on my investment. I don't really trust the stock market and I do like real estate. But I don't want to own or manage any properties. I just want 6%. Did I hear you say you have a private lending program that would make something like this?"

Motivational Thoughts for the day

• Keep your eyes on the stars and your feet on the ground. -Theodore Roosevelt

FAR 164 Expected Air Date: 07/2/18 Opening Have you ever asked yourself the question, “what is this remodeling job going to cost?” When you buy an investment property, especially if you are going to flip it, the repair / remodel number is one of the big three numbers you HAVE to know in order to be sure you’re going to make money on the project. The other two are the ARV and the cost of the money. Where does the purchase price fit in? Because it seems like that’s where you start. It IS the first number that gets activated in the process, but it’s the last number to be calculated. You back into a purchase or offer price based on the other three numbers. This is true in any kind of property investment. You must have your exit strategy and a strong understanding of what you will get for the property, you must know your rehab or “value add” number. And you should be mindful of you cost of funds. Today we are going to visit with the guy who can help you nail down that rehab number. His name is Pat Dornan and he is the inventor of the Ultimate Rehab Estimator. Ron was on the program about a year ago when both his software and this show were new. In that time his product has grown, the feature set has expanded remarkably, and he is, in my opinion, on his way to market dominance. There are other construction estimating programs out there designed for the insurance industry and disaster cleanup crews, but they use bloated and many time unrealistic pricing, which frankly seems like more of a WAG to me. If you want to know what a WAG is, you can look it up or contact us, but this is a kid friendly show, so I’m not telling you on the air. The URE takes you through a property board by board, cabinets, countertops, outlets, everything you would typically do in a property. The program is linked to the Home Depot catalog for most every item you would ever need. Then Pat and his team add in the labor rates from every state in the US and sales tax information in every location so they can calculate to within a couple of dollars the exact cost of your rehab. It’s an amazingly thorough product and no investor should be without it. Pat will be here in just a few moments. How to Reach us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements:

• Lunch with me every Wednesday.
• Flipping America App is in the app store. You can listen to the show, read the show notes, and n 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/jeffsteele/2018/06/28/dos-and-donts-when-reinvesting-real-estate-returns/#6ca409e918a0
• https://www.forbes.com/sites/forbesrealestatecouncil/2018/06/28/is-commercial-real-estate-dying-or-just-different-seven-experts-weigh-in/#63739b92f7b7
• https://www.dallasnews.com/business/real-estate/2018/06/28/dallas-wants-involve-developers-redeveloping-citys-old-public-housing-stock
• https://pilotonline.com/business/jobs/article_1c99bd0e-6b01-5736-928b-4f6add75f5d7.html
• http://www.cbs8.com/story/38526442/housing-market-are-house-flippers-driving-up-san-diego-home-prices
• https://www.cnn.com/2018/06/27/us/san-francisco-income-housing/index.html

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

• Warrick, Boulder, CO “Just found your show and am enjoying it. I’m about to do my first flip, buying a house from a wholesaler. He wants me to give him $7500 as a non-refundable deposit. He also said there is no due diligence on the deal. I have to close in 14 days. I didn’t want to ask him, but what is due diligence? And is this a bad thing?”
• Larry, London, KY, “I’m interested in owning rental properties in this area. I have a few, but I’m not sure I bought them right. What kind of price would you suggest? The market here is probably not as strong as some of the places you mention on your show.”
• Sheila, Jacksonville, FL “I’m 63 about to retire a bit early. I have enough in my accounts that I know I can live the rest of my days if I can make just a consistent 6% return on my investment. I don’t really trust the stock market and I do like real estate. But I don’t want to own or manage any properties. I just want 6%. Did I hear you say you have a private lending program that would make something like this?”

Motivational Thoughts for the day

• Keep your eyes on the stars and your feet on the ground. -Theodore Roosevelt

FAR 163 Expected Air Date: 06/30/18 Opening We've been talking about life and business over the past few weeks and today we have Ron Carucci online to visit with us about start-ups. We discuss several of the misconceptions in the minds of new entrepreneurs, and the mistakes that flow out of those misconceptions. More importantly we discuss how to address them. Ron and his partners work with medium size and larger businesses typically but he was willing to give us 30 minutes of his valuable insight. That's coming up shortly. In case you missed it, I want you to pay attention to Zillow. They are a giant among us. You can pick on the Zestimate all you want and I'll agree with you that it is not to be trusted. But Zillow is huge and has a ton of cash to work with. That's why when they announced recently they are getting into the direct buying space, I sat up and took notice. They have the clout and the national presence to clobber everyone else, I'm looking at you OfferPad, Knock, OpenDoor, and even Mark Spain with your Guaranteed Offer program. Should these people fold up and quit? Absolutely not. Let's all get better at what we do. We are all out there looking for deals and here is the MAIN reason all of these are not going to put us out of business: You ready for this? No, wait. I'll tell you after my talk with Ron. How to Reach us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements:

• Lunch with me every Wednesday.
• Flipping America App is in the app store. You can listen to the show, read the show notes, and n 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!

• http://fortune.com/2018/05/23/real-estate-housing-home-prices-falling-recession-2020/
• http://mainepublic.org/post/real-estate-whats-happening-maines-market#stream/0
• https://www.dallasnews.com/business/real-estate/2018/06/22/economy-next-recession-real-estate-analysts-give-best-guess
• https://theberkshireedge.com/welcome-to-real-estate-friday-49/
• http://www.capegazette.com/affiliate-post/3-issues-facing-today%E2%80%99s-real-estate-market/159968
• https://www.wavy.com/hr-show/real-estate-a-seller-s-market/1253524706

Guest: Ron Carucci, Co-Founder Navalent Notes from the Interview (You're welcome!) 3 things holding back most Entrepreneurs

1. Identity - "What is your strategy?" often yields stock answers like mission, vision, values statements. Usually borrowed, plagiarized or counterfeit. Why you? What are the differentiators?
2. Organizational Continuity - Processes. Intentional design and deplloyment of assets
   1. 70% of what we do is just necessary to stay competitive and keep the lights on.
   2. Enabling work is what moves us forward. Often these get diluted.
3. Leadership

Tips for listeners: Don't let HGTV seduce you. It's not for everyone. If you're going to "just do it", "just do it" wisely. Be thoughtful. Give it a year to work. Ask yourself, "Am I willing to do what it takes to succeed?" Scaling is not Growth. Growth is topline increase at the same rate of cost. Scaling is repeatable efficiency. Resources: www.navalent.com/transformation www.liminalspace.org Reinventing You, Dory Clark Rising to Power, Ron Carucci Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: [email protected] Tell us where you're from!

• Ebony, Detroit, MI "Hi Roger can transactional funding be used to purchase properties at tax or bank foreclosure auctions? I know transactional funding is used for back to back closings that must take place the same day. I think it would be best to at least ask the homeowner to agree to a thirty day time frame to allow time to find an end buyer. I know the law states that the homeowner who's being foreclosed on has a six month redemption period to stay in their home without paying a mortgage, they can reclaim their property and they cant be evicted unless they refuse to allow an inspection or if they damage the property. So with that being said can transactional funding still be used as long as the end buyer is ok with purchasing a foreclosure that has a six month redemption period? Or should I check with the companies or local court houses that hold the auctions to find out if transactional funding is allowed for tax and bank foreclosures?
• Milton, Villages of Ocala, FL "I need a reputable lender for a rental property. Can you help?"
• Jim, West Palm Beach, FL, didn't email but from a strategy call. "I have about 20k to put into a deal and just can't find a deal that small that isn't in a terrible area."

Motivational Thoughts for the day

• Keep your eyes on the stars and your feet on the ground. -Theodore Roosevelt