Flipping America

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

FAR 162 Expected Air Date: 06/25/18 Opening Many of you listening to this have two types of assets - liquid assets and illiquid assets. A liquid asset is cash or anything that can be turned into cash in about 3 days such as publicly traded stocks. Illiquid assets include things like real estate, which clearly cannot be turned into cash -- until now. Our guest today is Matthew Sullivan, founder and CEO of Quantm RE. Matthew and his company have developed a way to turn your equity into cash. You are not refinancing your home, there's no credit check, and once your equity position is established through an appraisal and title work, you are just hours away from cash in your bank account. The company will buy a percentage of your equity at current value and wait for you to sell the house before getting paid back. Does this sound too good to be true? How does the company make money? Surely it's not doing this out of charity. What are the risks to you as a homeowner and what are the risks to the company? I recorded the interview earlier and I've had a little time to think about this and I think it is one of the coolest ideas I've seen in a long time in real estate. Matthew and his team DO make money, but most of the risk is on them. Once you understand your costs and make a plan for the money you will receive that will more than cover those costs, this is something you should consider. Everyone's situation is different and this wouldn't be a great solution for everyone, but on the whole, this is an idea I can get behind. And wait until you hear what they then do with that shared equity. They give the public, you and me, a chance to own some of it. All that is coming up today on Flipping America. 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: Matthew Sullivan, Sell a Piece of Your Home Notes from the Interview The company is called QuantmRE. Find them at www.quantmre.com. The idea here is you sell a percentage of the equity in your house. This gets paid back when you sell the house. The concept is known as shared equity and is a way to turn the equity in your home into cash. The shared equity is then tokenized and sold as a crypto-currency -- a digital currency backed by real estate. The coin will be called EQRE. - the Quantm Coin. Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: [email protected] Tell us where you're from!

• Keith, Bakersfield, CA "What is your opinion of flat fee real estate services and the agents that do them?"
• James, Boulder, CO "We are looking into buying rental properties in college towns. It won't work here in Boulder with the Air Force Academy, but it seems like a decent idea. Your thoughts?"
• Casey, Seattle, WA "I was in a meeting a month ago and someone there had been on your show, so I went looking for it. I can't believe all the great information you are just giving away, but I thank you. I'm really new at this, but my husband and I have some rental properties. They seem to pay for themselves, but I think maybe not quite, when you consider everything. We have 4 houses that together cost us $1.4 million. We get about $6500 per month from them. They are all free and clear with good tenants in good areas. What I don't know is whether they are really a sound investment. They are in Seattle and we believe they will be worth more in a few years than we paid for them."

Motivational Thoughts for the day

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

FAR 162 Expected Air Date: 06/25/18 Opening Many of you listening to this have two types of assets - liquid assets and illiquid assets. A liquid asset is cash or anything that can be turned into cash in about 3 days such as publicly traded stocks. Illiquid assets include things like real estate, which clearly cannot be turned into cash -- until now. Our guest today is Matthew Sullivan, founder and CEO of Quantm RE. Matthew and his company have developed a way to turn your equity into cash. You are not refinancing your home, there’s no credit check, and once your equity position is established through an appraisal and title work, you are just hours away from cash in your bank account. The company will buy a percentage of your equity at current value and wait for you to sell the house before getting paid back. Does this sound too good to be true? How does the company make money? Surely it’s not doing this out of charity. What are the risks to you as a homeowner and what are the risks to the company? I recorded the interview earlier and I’ve had a little time to think about this and I think it is one of the coolest ideas I’ve seen in a long time in real estate. Matthew and his team DO make money, but most of the risk is on them. Once you understand your costs and make a plan for the money you will receive that will more than cover those costs, this is something you should consider. Everyone’s situation is different and this wouldn’t be a great solution for everyone, but on the whole, this is an idea I can get behind. And wait until you hear what they then do with that shared equity. They give the public, you and me, a chance to own some of it. All that is coming up today on Flipping America. 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:  Matthew Sullivan, Sell a Piece of Your Home Notes from the Interview The company is called QuantmRE. Find them at www.quantmre.com. The idea here is you sell a percentage of the equity in your house. This gets paid back when you sell the house. The concept is known as shared equity and is a way to turn the equity in your home into cash. The shared equity is then tokenized and sold as a crypto-currency -- a digital currency backed by real estate. The coin will be called EQRE. - the Quantm Coin. Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: [email protected] Tell us where you’re from!

• Keith, Bakersfield, CA “What is your opinion of flat fee real estate services and the agents that do them?”
• James, Boulder, CO “We are looking into buying rental properties in college towns. It won’t work here in Boulder with the Air Force Academy, but it seems like a decent idea. Your thoughts?”
• Casey, Seattle, WA “I was in a meeting a month ago and someone there had been on your show, so I went looking for it. I can’t believe all the great information you are just giving away, but I thank you. I’m really new at this, but my husband and I have some rental properties. They seem to pay for themselves, but I think maybe not quite, when you consider everything. We have 4 houses that together cost us $1.4 million. We get about $6500 per month from them. They are all free and clear with good tenants in good areas. What I don’t know is whether they are really a sound investment. They are in Seattle and we believe they will be worth more in a few years than we paid for them.”

Motivational Thoughts for the day

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

FAR 161 Expected Air Date: 06/23/18 Opening For most people Real Estate Investing is a Team Sport. You may not have any employees or if you do they won't be a large number. This is in part by design. We got into this business to get away from the inherently stifling nature of the corporate world. We didn't set out to create another corporate world. We are entrepreneurs. We want to come and go as we please. We want to go to the beach with our spouses and family on Thursday through Sunday. Ok, we want to fly to the Caribbean Thursday and come back Sunday. Or we want to take off and play a couple of golf courses in Alabama on the Robert Trent Jones Golf Trail on a Tuesday and a Wednesday. Whatever you wanted to do with the time, you mainly want it flexible, so we don't have much in the way of a staff do we? Even though this is true, we STILL have a team. By the time you are working this business full time, you have assembled a team whether you want to admit it or not. You have a Realtor or three, a couple of general contractors, probably have several handymen, plumbers, and electricians on speed dial, you are getting to know a real estate attorney, you have wholesalers, birddogs, VA's and possibly even an employee or two. You have a team. Your team won't all be employees but like any team, it needs to be recruited, managed, and maintained with excellence. And this is where today's guest shines. Jeffrey Davidson is a master team builder, consultant, and all-around helpful guy. He knows some things about real estate investing too, but his focus day in and day out is helping business leaders lead more effectively. Stay tuned because in just a few moments, he's going to lay some wisdom on us all. I'll be asking him for leadership tips and hiring expertise. His company is called Leading Great Teams. He will be along 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/forbesrealestatecouncil/2018/06/21/a-faster-and-easier-way-to-finance-real-estate-investments/#50c7a2d79cdc
• https://www.forbes.com/sites/forbescommunicationscouncil/2018/06/21/three-ways-to-boost-your-real-estate-brand-with-video/#5104cb83180d
• https://www.chron.com/business/real-estate/article/Real-estate-briefs-Halliburton-Westchase-campus-13012042.php
• http://business.financialpost.com/real-estate/dont-expect-real-estate-agents-to-disappear-any-time-soon
• https://www.businesslive.co.za/fm/money-and-investing/2018-06-21-sirius-real-estate-a-model-that-works-differently/

Guest: Jeffrey Davidson, Building Great Teams Notes from the Interview Three free giveaways www.greatteamsltd.com/more Top Tips for Leaders: Answer the question: How do we define success? Set clear expectations. Over Communicate Follow up. Language is a big issue. 2 examples:

1. What can you build on?
2. Where should we re-focus?

Tips for hiring

1. Find out what they value
2. Learn their key skills
3. Try them out

Tips for employees

1. Do you know our company mission?
2. Do you talk to each other?
3. Do we have the right tools?
4. Do we have the best processes?
5. Are we interacting as a team?
6. Are we working together to make this organization as good as possible?

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

• Carmen, Tampa, FL "I want to put money into one of your deals, but you never talk about how to do that. How do I do that?
• Fred, Brooklyn, NY "Can you explain the concept of remote flipping? I would very much prefer to be flipping houses in more affordable areas."
• Carlie, Madison, WI "I have a private lender who wants 15% with no upfront money. He will fund the entire thing. I have a hard money lender who will loan me 85% of my project cost at a rate of 12% but I have to pay 2 points and make a huge down payment. I'm trying to figure out which is the better way to go but I'm stuck. I'm buying the house for 280k. I think I'll sell it for 420 when it's repaired. The rehab budget is $35,000.

Motivational Thoughts for the day

• "If you cannot do great things, do small things in a great way." Napoleon Hill

FAR 161 Expected Air Date: 06/23/18 Opening For most people Real Estate Investing is a Team Sport. You may not have any employees or if you do they won’t be a large number. This is in part by design. We got into this business to get away from the inherently stifling nature of the corporate world. We didn’t set out to create another corporate world. We are entrepreneurs. We want to come and go as we please. We want to go to the beach with our spouses and family on Thursday through Sunday. Ok, we want to fly to the Caribbean Thursday and come back Sunday. Or we want to take off and play a couple of golf courses in Alabama on the Robert Trent Jones Golf Trail on a Tuesday and a Wednesday. Whatever you wanted to do with the time, you mainly want it flexible, so we don’t have much in the way of a staff do we? Even though this is true, we STILL have a team. By the time you are working this business full time, you have assembled a team whether you want to admit it or not. You have a Realtor or three, a couple of general contractors, probably have several handymen, plumbers, and electricians on speed dial, you are getting to know a real estate attorney, you have wholesalers, birddogs, VA’s and possibly even an employee or two. You have a team. Your team won’t all be employees but like any team, it needs to be recruited, managed, and maintained with excellence. And this is where today’s guest shines. Jeffrey Davidson is a master team builder, consultant, and all-around helpful guy. He knows some things about real estate investing too, but his focus day in and day out is helping business leaders lead more effectively. Stay tuned because in just a few moments, he’s going to lay some wisdom on us all. I’ll be asking him for leadership tips and hiring expertise. His company is called Leading Great Teams. He will be along 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/forbesrealestatecouncil/2018/06/21/a-faster-and-easier-way-to-finance-real-estate-investments/#50c7a2d79cdc
• https://www.forbes.com/sites/forbescommunicationscouncil/2018/06/21/three-ways-to-boost-your-real-estate-brand-with-video/#5104cb83180d
• https://www.chron.com/business/real-estate/article/Real-estate-briefs-Halliburton-Westchase-campus-13012042.php
• http://business.financialpost.com/real-estate/dont-expect-real-estate-agents-to-disappear-any-time-soon
• https://www.businesslive.co.za/fm/money-and-investing/2018-06-21-sirius-real-estate-a-model-that-works-differently/

Guest:  Jeffrey Davidson, Building Great Teams Notes from the Interview Three free giveaways www.greatteamsltd.com/more Top Tips for Leaders: Answer the question: How do we define success? Set clear expectations. Over Communicate Follow up. Language is a big issue. 2 examples:

1. What can you build on?
2. Where should we re-focus?

Tips for hiring

1. Find out what they value
2. Learn their key skills
3. Try them out

Tips for employees

1. Do you know our company mission?
2. Do you talk to each other?
3. Do we have the right tools?
4. Do we have the best processes?
5. Are we interacting as a team?
6. Are we working together to make this organization as good as possible?

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

• Carmen, Tampa, FL “I want to put money into one of your deals, but you never talk about how to do that. How do I do that?
• Fred, Brooklyn, NY “Can you explain the concept of remote flipping? I would very much prefer to be flipping houses in more affordable areas.”
• Carlie, Madison, WI “I have a private lender who wants 15% with no upfront money. He will fund the entire thing. I have a hard money lender who will loan me 85% of my project cost at a rate of 12% but I have to pay 2 points and make a huge down payment. I’m trying to figure out which is the better way to go but I’m stuck. I’m buying the house for 280k. I think I’ll sell it for 420 when it’s repaired. The rehab budget is $35,000.

Motivational Thoughts for the day

• “If you cannot do great things, do small things in a great way.” Napoleon Hill

FAR 160 Expected Air Date: 06/21/18 Opening Looking for an opportunity to get into a real estate business that doesn't require a lot of cash, doesn't have much competition, and can be done remotely without ever leaving your computer? Today Mark Podolsky is going to join us and talk about an opportunity to do just that. You won't have tenants to deal with, you never have to make repairs, the cash flow is about as automated as it gets. It really works and just saying this gets me fired up about it. 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://flatheadbeacon.com/2018/06/13/real-estate-market-trends-6/
• https://www.ocregister.com/2018/06/19/hot-real-estate-markets-to-cool-in-2020-experts-predict/
• http://labusinessjournal.com/news/2018/jun/19/40-million-fund-real-estate-startups-tech-draws-he/
• https://www.npr.org/2018/06/18/620939197/zillow-data-used-to-project-impact-of-sea-level-rise-on-real-estate
• https://www.tennessean.com/story/money/homes/2018/06/20/great-backyard-gives-homes-edge-real-estate-market/706592002/

Guest: Mark Podolsky, the Land Geek Notes from the Interview Email [email protected] and mention Flipping America and he will send you a copy of the Passive Income Launch Kit Course, a $97 value. Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: [email protected] Tell us where you're from!

• Karen, Boston, MA "I found your show on iHeart radio, but then downloaded the app. I haven't found you on the radio here in Boston but I don't even care. The app is great and allows me to listen to all your previous shows. So here's my question. I want to buy a couple of rental properties, but they are around $300,000 to buy a modest home that I could rent for maybe $1800 per month. That rent would cover my principal and interest payment and most of the taxes, but that's it. I think I would have to come out of pocket a bit on these. I have a high paying job and the extra expense isn't a factor. I don't even need the income. I just wanted to build equity. Am I thinking about it the wrong way?"
• Keith, Ellijay, GA "Seasonal cabin rental. Yes or no?"
• Ashley, Jacksonville, FL "I'm looking at a single family home in a great area that I think will cash flow ok. I have an opportunity with a duplex in an ok, not great area that cash flows even better. How should I make a decision as to which one to buy?"

Motivational Thoughts for the day

• "If you cannot do great things, do small things in a great way." Napoleon Hill

FAR 160 Expected Air Date: 06/21/18 Opening Looking for an opportunity to get into a real estate business that doesn’t require a lot of cash, doesn’t have much competition, and can be done remotely without ever leaving your computer? Today Mark Podolsky is going to join us and talk about an opportunity to do just that. You won’t have tenants to deal with, you never have to make repairs, the cash flow is about as automated as it gets. It really works and just saying this gets me fired up about it. 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://flatheadbeacon.com/2018/06/13/real-estate-market-trends-6/
• https://www.ocregister.com/2018/06/19/hot-real-estate-markets-to-cool-in-2020-experts-predict/
• http://labusinessjournal.com/news/2018/jun/19/40-million-fund-real-estate-startups-tech-draws-he/
• https://www.npr.org/2018/06/18/620939197/zillow-data-used-to-project-impact-of-sea-level-rise-on-real-estate
• https://www.tennessean.com/story/money/homes/2018/06/20/great-backyard-gives-homes-edge-real-estate-market/706592002/

Guest:  Mark Podolsky, the Land Geek Notes from the Interview Email [email protected] and mention Flipping America and he will send you a copy of the Passive Income Launch Kit Course, a $97 value. Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: [email protected] Tell us where you’re from!

• Karen, Boston, MA “I found your show on iHeart radio, but then downloaded the app. I haven’t found you on the radio here in Boston but I don’t even care. The app is great and allows me to listen to all your previous shows. So here’s my question. I want to buy a couple of rental properties, but they are around $300,000 to buy a modest home that I could rent for maybe $1800 per month. That rent would cover my principal and interest payment and most of the taxes, but that’s it. I think I would have to come out of pocket a bit on these. I have a high paying job and the extra expense isn’t a factor. I don’t even need the income. I just wanted to build equity. Am I thinking about it the wrong way?”
• Keith, Ellijay, GA “Seasonal cabin rental. Yes or no?”
• Ashley, Jacksonville, FL “I’m looking at a single family home in a great area that I think will cash flow ok. I have an opportunity with a duplex in an ok, not great area that cash flows even better. How should I make a decision as to which one to buy?”

Motivational Thoughts for the day

• “If you cannot do great things, do small things in a great way.” Napoleon Hill

FAR 159 Expected Air Date: 06/14/18 Opening What in the world is Real Estate Day Trading? And how can I learn to do it? Can I make money doing this? How does it work? How do I analyze the deals? How do I pay for them? How do I move them out? IS IT POSSIBLE TO SIT AT MY COMPUTER ALL DAY AND MAKE MONEY IN REAL ESTATE? Well -- maybe. Stay tuned because today I have the guy who invented Real Estate Day Trading. Larry Goins is our guest today. He took some time from his busy schedule to sit down with us and explain it. If you listen today and apply what you hear, you'll pick up some ideas, some principles, some direction, and some resources that could put you into the Real Estate Day Trading business. I'm blown away at the brilliance and creativity of people in this business who demonstrate day in and day out that real estate continues to be one of the most lucrative opportunities out there. 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.

Guest: Larry Goins, Real Estate Day Trading Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails:

• Kelvin, Westchester, PA, "I need a way to quickly estimate a rehab price. By the time I get to the property and make a my estimate, someone has already bought the house. They are either dumb for going so fast or smarter than me. I think they are just smarter - they know something I don't. How can I speed this up?"
• Randall, Searspoint, MA "Is there kind of a standard price for some repairs, like 10 grand for a kitchen, 5 grand for a bathroom, etc.?"
• Elvina, Roswell, GA "I've been told I need to get multiple bids for my rehab. I'm having a dreadful time getting this done. I was ok on my first rehab. Now on my second one, they guys that didn't get the job on the first one won't come back. They say they don't have time to waste on me. Even the guy that did the work wants me to pay him $150 to come price out the work."

Motivational Thoughts for the day "If you cannot do great things, do small things in a great way." Napoleon Hill

FAR 159 Expected Air Date: 06/14/18 Opening What in the world is Real Estate Day Trading? And how can I learn to do it? Can I make money doing this? How does it work? How do I analyze the deals? How do I pay for them? How do I move them out? IS IT POSSIBLE TO SIT AT MY COMPUTER ALL DAY AND MAKE MONEY IN REAL ESTATE? Well -- maybe. Stay tuned because today I have the guy who invented Real Estate Day Trading. Larry Goins is our guest today. He took some time from his busy schedule to sit down with us and explain it. If you listen today and apply what you hear, you’ll pick up some ideas, some principles, some direction, and some resources that could put you into the Real Estate Day Trading business. I’m blown away at the brilliance and creativity of people in this business who demonstrate day in and day out that real estate continues to be one of the most lucrative opportunities out there. 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.  

Guest:  Larry Goins, Real Estate Day Trading Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails:

• Kelvin, Westchester, PA, “I need a way to quickly estimate a rehab price. By the time I get to the property and make a my estimate, someone has already bought the house. They are either dumb for going so fast or smarter than me. I think they are just smarter - they know something I don’t. How can I speed this up?”
• Randall, Searspoint, MA “Is there kind of a standard price for some repairs, like 10 grand for a kitchen, 5 grand for a bathroom, etc.?”
• Elvina, Roswell, GA “I’ve been told I need to get multiple bids for my rehab. I’m having a dreadful time getting this done. I was ok on my first rehab. Now on my second one, they guys that didn’t get the job on the first one won’t come back. They say they don’t have time to waste on me. Even the guy that did the work wants me to pay him $150 to come price out the work.”

Motivational Thoughts for the day “If you cannot do great things, do small things in a great way.” Napoleon Hill

FAR 157 Expected Air Date: 06/11/18 Opening President Trump dominates the news cycle in a way like no other public figure I've seen in my lifetime. It almost seems to me that he says some of the outrageous things just to stay in the limelight. I generally avoid politics on this show as you know and prefer to talk about real estate and the opportunity it presents. Although today I have to give a little credit to the President. He's making a bunch of Chinese real estate investors rich and some may be about to hit the jackpot. I'm going to tell you about that right after the first break. We have more news from Kalispell, Montana today and the Flathead Beacon in one of the quirkiest "studies" I've ever seen published. It's weird, it's not all that useful, and I LOVE it. Later on I'll tell you what digital real estate means and what you need to do to invest in it. We are going to talk about one unfortunate consequence of Seattle's unprecendented real estate boom. We will talk about how to look beyond mere price and look at other indications of the health of the real estate market, particularly with commercial assets. And we've grouped together several questions today on the topic of wholesaling real estate. I'll be telling you what it is, telling you like it is, and tell you how it is. How to get started, how to make it grow, and why you really should at least consider something else. There's nothing wrong with real estate wholesaling, but many people have a false impression about what it will do for you. If you're like Brad Campbell, you can make a career with it, but I can tell you there are few people like Brad Campbell. He's one of those guys that could sell wood to a forest, a rope to a free climber or religion to the Pope. He's just that good at what he does. 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!

• Real estate is HOPPING in Dandong! https://www.npr.org/2018/06/08/618204107/real-estate-jumps-in-chinese-city-bordering-north-korea
• http://www.dispatch.com/entertainmentlife/20180610/real-estate-matters-appraisal-thats-lower-than-offer-could-derail-sale
• https://www.seattletimes.com/seattle-news/the-blind-force-of-seattles-real-estate-rush/
• http://www.spokesman.com/stories/2018/jun/10/motley-fool-digital-real-estate/
• https://www.bisnow.com/london/news/economic-development/ahead-of-the-world-cup-russias-real-estate-market-is-a-lot-better-than-its-team-89355
• https://www.forbes.com/sites/forbesrealestatecouncil/2018/06/06/the-best-strategy-in-a-shifting-real-estate-market-add-value/#316f82374da0
• http://flatheadbeacon.com/2018/05/30/real-estate-market-trends-5/
• https://www.lexology.com/library/detail.aspx?g=f9c9fcb1-fea3-4a6a-b654-dde5cf78f321
• https://slate.com/technology/2018/06/redfin-zillow-and-opendoor-cant-disrupt-real-estate-agents-and-may-not-want-to.html
• https://www.mansionglobal.com/articles/to-gauge-long-term-health-of-a-real-estate-market-look-beyond-sales-prices-98814

Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails:

• Dorothy, Villages of Ocala, FL "I have heard about something called real estate wholesaling, but don't really understand it. I retired from the wholesale grocery industry and know a thing or two about distribution. When it comes to wholesaling real estate, how is it done and what's the point? I don't see being a home distributor or having an inventory of homes to sell at a discount to be any great advantage. This is especially true when I hear people say this is a great way to start out, especially if you have no money. There must be a completely different understanding of what wholesaling is when it comes to real estate. Any light you can shed is much appreciated."
• Steve from Miami, FL "Thank you so much for your podcast. I listen to it every day driving to and from work, appreciate your help. I have a question regarding wholesaling. I am young and extremely motivated and hungry to be successful in real estate. Being that I am out of money completely, and I love networking, wholesaling sounds like a good way to get started. My question is, what happens if I get the property under contract and then don't find a buyer to flip to?
• Anythony, Las Vegas, NV, "I'm LOVING the app! I have it connected to my bluetooth in my car and now it's all I listen to in the car. I want to dive into this business, but I have a friend who is doing this and he told me I should start with wholesaling since I have no money and don't know how to get a home repair done. Please tell me how to get started wholesaling."
• Candice from Detroit, MI. "I want to get into wholesaling but don't know where to start. Another wholesaler friend of mine offered to let me co-wholesale her houses. She has 3 of them and offered to split her fee with me if I got them sold. But another friend told me that isn't legal. Can you help?"
• Allen, Pittsburgh, PA. "I just joined the PIttsburgh REIA and at my very first networking event a guy told me that wholesaling isn't real investing." Now I'm confused - is it investing or not?
• Wendy, Sacramento, CA "I'm a new wholesaler. What recommendations do you have for building a buyers' list?"

Motivational Thoughts for the day

• "If you cannot do great things, do small things in a great way." Napoleon Hill