Flipping America

FAR 082 Expected Air Date: 10/30/17 Trends:

• [email protected] Tell us where you’re from!
• Like us on Facebook. www.facebook.com/flippingamericamedia
• Check in with us every Tuesday for “Tuesdays at Two”
• Follow us on Twitter @FlippingAmerica
• IF WE READ YOUR QUESTION ON THE AIR, WE WILL SEND YOU A TICKET TO OUR NEXT FLIPSTARTER EVENT. THAT’S A $97 VALUE!

News:

• When to drop your selling price in today’s market. https://www.cnbc.com/2017/10/27/how-to-know-when-to-drop-the-asking-price-on-your-home.html
• A solution for vacant retail space! I predicted it… http://www.sun-sentinel.com/local/broward/sunrise/fl-sb-apartments-shopping-center-sunrise-20171027-story.html
• Ten Trends for 2018 https://www.curbed.com/2017/10/26/16554900/real-estate-trends-housing-affordability-urban-development
• The slow-down is starting. https://www.msn.com/en-us/money/realestate/stuck-in-place-u-s-homeowners-hunker-down-rather-than-move/ar-AAubp7w?ocid=ob-tw-enus-634

Investor Uh-OHs:

• Send in your uh-oh. Help us all learn and grow.
• Randy, from Sylva, NC. “I bought a house and did a nice job (so I thought) fixing it up. I peeked into the crawl space but never went under there. It was tight and I’m a big guy. When we sold it, the home inspector told us there was standing water in the crawl space that had led to some minor wood rot and could lead to other problems in the future. The water was due to the grading of the lot. The only thing to do was repair the damaged wood and install a sump pump to deal with future water issues. The $1800 that cost came right out of the bottom line. We would have bought the house and done the deal anyway, but it was disappointing to have to spend that money.”
  • LESSON: If you’re not going under or on top of the house, hire a home inspector when you buy it.

Emails: [email protected] Tell us where you’re from! Randall, Mountain Brook (Birmingham), AL “I enjoy the show but I don’t want to fix and flip. I have some money and want to invest passively in RE. What do you recommend?” Carmen, Littleton, CO. “I have switched my 401k to a Roth IRA and want to invest in Real Estate. I don’t want to do the work, I want to be the bank. I only have 200k to put into this. Where do I begin?” Laura, Atlanta, GA “What can I do to put 120k to work from my Roth IRA?” Rachel, Chattanooga, TN, “I have a 401k and it’s doing ok, but I think I could make more money in real estate. Tell me how to switch it to a ROTH IRA.” Topics: Passive Income in Real Estate I DON’T RECOMMEND. But here are some things you might want to consider. REIT Shares in publicly traded RE company Crowd Funding Individual house flippers Hard Money Lender Flipping America Private Lending Program.

FAR 083 Expected Air Date: 11/02/17 Trends:

• [email protected] Tell us where you're from!
• Like us on Facebook. www.facebook.com/flippingamericamedia
• Check in with us every Tuesday for "Tuesdays at Two"
• Follow us on Twitter @FlippingAmerica
• IF WE READ YOUR QUESTION ON THE AIR, WE WILL SEND YOU A TICKET TO OUR NEXT FLIPSTARTER EVENT. THAT'S A $97 VALUE!

Special Guest

• Jack Bosch, Orion Investments, Buying Land

FAR 083 Expected Air Date: 11/02/17 Trends:

• [email protected] Tell us where you’re from!
• Like us on Facebook. www.facebook.com/flippingamericamedia
• Check in with us every Tuesday for “Tuesdays at Two”
• Follow us on Twitter @FlippingAmerica
• IF WE READ YOUR QUESTION ON THE AIR, WE WILL SEND YOU A TICKET TO OUR NEXT FLIPSTARTER EVENT. THAT’S A $97 VALUE!

Special Guest

• Jack Bosch, Orion Investments, Buying Land

FAR 084 Expected Air Date: 11/04/17 Trends:

• [email protected] Tell us where you're from!
• Like us on Facebook. www.facebook.com/flippingamericamedia
• Check in with us every Tuesday for "Tuesdays at Two"
• Follow us on Twitter @FlippingAmerica
• IF WE READ YOUR QUESTION ON THE AIR, WE WILL SEND YOU A TICKET TO OUR NEXT FLIPSTARTER EVENT. THAT'S A $97 VALUE!

News:

• 15 signs you're addicted to HGTV https://www.cheatsheet.com/culture/15-signs-that-prove-youre-addicted-to-hgtv.html/?a=viewall
• Rebuilding after Sandy https://www.nytimes.com/2017/10/29/nyregion/hurricane-sandy-5-years-rebuilding.html
• Where are the Gen Xers moving? https://www.msn.com/en-us/money/realestate/the-states-generation-xers-are-leaving-and-moving-to/ss-AAtigJy?ocid=ob-tw-enus-634#image=1
• Big Cities where rents are plunging - and mid-cities where rents are rising. http://www.businessinsider.com/biggest-us-cities-where-rents-are-plunging-2017-11
• Cities on the Bubble. https://wolfstreet.com/2017/10/31/the-us-cities-with-the-biggest-housing-bubbles-3/
• Zillow case is dismissed. Reaction from experts: https://www.forbes.com/sites/forbesrealestatecouncil/2017/11/02/how-is-the-real-estate-market-reacting-to-zillows-zestimates-lawsuit-dismissal/#318559a617eb

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

• Denise, Macon, GA, "I'm loaning an investor for a flip property from my self-directed IRA. What interest rate should I ask for?"
• Maxine, Ocala, FL "What's the difference between a Promissory Note and a Security Deed?"
• Eduardo, Ft. Worth, TX "Where do I go to find private money lenders?"
  • Warm Leads
  • Cold Leads
• James, Ooltewah, TN "An investor buddy of mine has approached me with a proposal to provide gap funding for one of his deals. This will help with the down-payment and interest payments and make me a part of the project. What should I ask in return?"
• Chris, Pittsburgh, PA "You mentioned Equity Split recently and I was wondering what it means exactly. I think it's a way to fund a deal. Does this mean you split the profits? And if so, what is the percentage?"

FAR 084 Expected Air Date: 11/04/17 Trends:

• [email protected] Tell us where you’re from!
• Like us on Facebook. www.facebook.com/flippingamericamedia
• Check in with us every Tuesday for “Tuesdays at Two”
• Follow us on Twitter @FlippingAmerica
• IF WE READ YOUR QUESTION ON THE AIR, WE WILL SEND YOU A TICKET TO OUR NEXT FLIPSTARTER EVENT. THAT’S A $97 VALUE!

News:

• 15 signs you’re addicted to HGTV https://www.cheatsheet.com/culture/15-signs-that-prove-youre-addicted-to-hgtv.html/?a=viewall
• Rebuilding after Sandy https://www.nytimes.com/2017/10/29/nyregion/hurricane-sandy-5-years-rebuilding.html
• Where are the Gen Xers moving? https://www.msn.com/en-us/money/realestate/the-states-generation-xers-are-leaving-and-moving-to/ss-AAtigJy?ocid=ob-tw-enus-634#image=1
• Big Cities where rents are plunging - and mid-cities where rents are rising. http://www.businessinsider.com/biggest-us-cities-where-rents-are-plunging-2017-11
• Cities on the Bubble. https://wolfstreet.com/2017/10/31/the-us-cities-with-the-biggest-housing-bubbles-3/
• Zillow case is dismissed. Reaction from experts: https://www.forbes.com/sites/forbesrealestatecouncil/2017/11/02/how-is-the-real-estate-market-reacting-to-zillows-zestimates-lawsuit-dismissal/#318559a617eb

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

• Denise, Macon, GA, “I’m loaning an investor for a flip property from my self-directed IRA. What interest rate should I ask for?”
• Maxine, Ocala, FL “What’s the difference between a Promissory Note and a Security Deed?”
• Eduardo, Ft. Worth, TX “Where do I go to find private money lenders?”
  • Warm Leads
  • Cold Leads
• James, Ooltewah, TN “An investor buddy of mine has approached me with a proposal to provide gap funding for one of his deals. This will help with the down-payment and interest payments and make me a part of the project. What should I ask in return?”
• Chris, Pittsburgh, PA “You mentioned Equity Split recently and I was wondering what it means exactly. I think it’s a way to fund a deal. Does this mean you split the profits? And if so, what is the percentage?”

FAR 085 Expected Air Date: 11/09/17 Trends:

• NEW NEW! Call in to our comments line! 404-369-1018, extension 1. Leave your message.
• [email protected] Tell us where you're from!
• Like us on Facebook. www.facebook.com/flippingamericamedia
• Check in with us every Tuesday for "Tuesdays at Two"
• Follow us on Twitter @FlippingAmerica
• IF WE READ YOUR QUESTION ON THE AIR, WE WILL SEND YOU A TICKET TO OUR NEXT FLIPSTARTER EVENT. THAT'S A $97 VALUE!

News:

• Houston home sales are rebounding after Harvey. http://www.chron.com/business/real-estate/article/Houston-real-estate-market-continues-post-Harvey-12341532.php
• Top Cities for Investors 2018: https://www.chicagobusiness.com/realestate/20171106/CRED02/171109924/chicago-real-estate-market-drops-in-emerging-trends-survey
• Best and worst performing luxury markets around the world. https://www.mansionglobal.com/articles/79772-guangzhou-rises-to-top-of-global-luxury-real-estate-market
• Check out the people giving you real estate investing advice. https://www.washingtonpost.com/news/where-we-live/wp/2017/11/06/make-sure-you-check-the-credentials-of-people-giving-you-real-estate-investing-advice/?utm_term=.b1bb5b666a5a
• How the proposed tax code changes may affect American business. https://seekingalpha.com/article/4120938-stag-moneyball-real-estate-investing
• The price point where you want to sell homes in 2018: http://www.businessinsider.com/experts-are-missing-the-point-on-americas-housing-affordability-problem-2017-11
• An argument for eliminating the tax deductibility of mortgage interest. http://www.weeklystandard.com/tax-reform-must-not-keep-tax-breaks-for-real-estate/article/2010388
• Compass is coming to a city near you (maybe). https://techcrunch.com/2017/11/08/real-estate-startup-compass-nabs-100m-at-a-1-8b-valuation/

Topics: Your Realtor Top Ten

FAR 085 Expected Air Date: 11/09/17 Trends:

• NEW NEW! Call in to our comments line! 404-369-1018, extension 1. Leave your message.  
• [email protected] Tell us where you’re from!
• Like us on Facebook. www.facebook.com/flippingamericamedia
• Check in with us every Tuesday for “Tuesdays at Two”
• Follow us on Twitter @FlippingAmerica
• IF WE READ YOUR QUESTION ON THE AIR, WE WILL SEND YOU A TICKET TO OUR NEXT FLIPSTARTER EVENT. THAT’S A $97 VALUE!

News:

• Houston home sales are rebounding after Harvey. http://www.chron.com/business/real-estate/article/Houston-real-estate-market-continues-post-Harvey-12341532.php
• Top Cities for Investors 2018: https://www.chicagobusiness.com/realestate/20171106/CRED02/171109924/chicago-real-estate-market-drops-in-emerging-trends-survey
• Best and worst performing luxury markets around the world. https://www.mansionglobal.com/articles/79772-guangzhou-rises-to-top-of-global-luxury-real-estate-market
• Check out the people giving you real estate investing advice. https://www.washingtonpost.com/news/where-we-live/wp/2017/11/06/make-sure-you-check-the-credentials-of-people-giving-you-real-estate-investing-advice/?utm_term=.b1bb5b666a5a
• How the proposed tax code changes may affect American business. https://seekingalpha.com/article/4120938-stag-moneyball-real-estate-investing
• The price point where you want to sell homes in 2018: http://www.businessinsider.com/experts-are-missing-the-point-on-americas-housing-affordability-problem-2017-11
• An argument for eliminating the tax deductibility of mortgage interest. http://www.weeklystandard.com/tax-reform-must-not-keep-tax-breaks-for-real-estate/article/2010388
• Compass is coming to a city near you (maybe). https://techcrunch.com/2017/11/08/real-estate-startup-compass-nabs-100m-at-a-1-8b-valuation/

Topics: Your Realtor Top Ten

FAR 140 Expected Air Date: 04/09/18 Opening Hello everyone. Today I'm going to answer a question that has come to us hundreds of times from dozens of sources and seems like a recurring topic at every event where I speak. And the question is, "How can I start flipping some houses and buying rentals in my spare time while I keep my job." Now I know we've dealt with this topic before but it's been awhile and we are adding new listeners all the time and besides, some information is so needed, it's worth repeating. So in just a few minutes I'm going to deal with this topic and help you understand the big picture of what you need to make this happen. I started in this business while maintaining a demanding full-time job and continued that way for four years. I only switched to real estate investing full time because due to life circumstances that other job had come to an end. The other question or comment I often get is a variation of this: If you are helping people enter this business aren't you creating your own competitors and reducing the opportunity for everyone you train? I'm going to answer that question first right after the break. The bottom line is there are more opportunities than there are investors and this isn't changing anytime soon. To paraphrase a famous quote about planting trees, "the best time to get into this business was 20 years ago. The next best time is today." 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:

• My upcoming speaking engagements:
  • April 21, FlipStarter Atlanta
• Details on the website and at FlipStarterEvent.com

News:

• http://lenkiefer.com/2017/09/17/housing-vacancy-trends/
• https://www.investopedia.com/articles/personal-finance/031616/10-us-cities-most-vacant-homes.asp
• https://www.forbes.com/sites/forbesrealestatecouncil/2018/04/03/15-booming-real-estate-markets-that-are-trending-in-2018/#2c66f9026f63

Topic: The Competition I believe in free enterprise, capitalism, private property rights, the rule of law, and limited government interference. I realize for a system like this to actually work, the general populace must not only agree about the rule of law but must also find common ground in agreeing about right and wrong. I also believe in Cooperative Capitalism. I do not believe that opportunity is a zero-sum game but rather that wealth can be created. There are those that believe that for anyone to prosper someone else must suffer. For anyone to win, someone else must lose. Games or competitions have one winner and all the rest are not winners. You might even quote a stupid Will Farrell movie by saying "Second Place is actually First Loser." Although much can be learned in these competitive events, and we should relish competition for a number of reasons, it is possible for life itself to present multiple "winners." Perhaps if you are keeping score in terms of quantifiable numbers such as "most money" there will be someone who finishes on top. But when it comes to money, once you reach a certain level, there's almost no point in making more - there aren't too many more ways you can spend it. My point is this: You don't have to make the most money in order to be a winner at life. If you make enough to take care of your family, meet your goals, maybe even have some luxuries, some toys, or some extras, you're a winner. I'm absolutely convinced that it's possible for me to help you achieve your dreams without taking anything away from me. I can show you how to become effective as a real estate investor and in fact, you may ultimately be better at it than me. Does that take anything away from me? Not at all. One of my stated goals each year is to help people. If I am able to help someone, that goal is met and is self-rewarding. But let's move away from the philosophical and talk specifics for a moment. Is it possible I could give you the skills that would put me out of business? Let's go to the numbers. Last year 5 million homes were sold in the US and about 7% of them were flips from investors. That's roughly 350,000. Is there room for that number to possibly increase? Well -- let's take a look at the vacant home inventory. The number of vacant homes in the US has held fairly steady in the past five years at between 15 and 18 million. I have a study from lenkiefer.com that looks into the reasons for these vacancies. When I look through the report, it appears that about 46% of all vacant homes are in a situation that would be available to investors. These categories include, "needs repairs" "extended absence" "storage" "foreclosure" "abandoned" or "other". If you had a way to find these properties and contact the owners, surely some of them are ready to sell. There are 7 or 8 million of these homes nationwide, available to people like me. That's more than the total number of homes sold last year. Investors accounted for about 350,000 sales across the country last year. Based on the inventory and the current level of investors there's a 20 plus year supply of properties available RIGHT NOW. And more distressed properties and abandonments are surely on the way. It's the nature of things. If one investor can do a dozen houses per year and we wanted to sell the current inventory of vacant homes it would take close to 700,000 new investors. ---- I'd say there's room for a few more, wouldn't you? Emails: [email protected] Tell us where you're from!

• Francine, Madison, WI, "How do you handle multiple offer situations when you are buying? It seems like every time I make an offer, they have multiple offers and want a 'Highest and Best' offer, usually within 24 hours."
• Michael, Spartanburg, SC, "Do you ever go above your numbers due to the fact that deals are so hard to come by these days? I'd rather make something than have my money sitting on the sideline."
• Melissa, Marion, OH, "We want to improve our deal marketing. What advice would you give us?"
• Peter, Battle Creek, MI "How many offers do I need to make in order to buy one house per month and how much time will that take me?"

FAR 140 Expected Air Date: 04/09/18 Opening Hello everyone. Today I’m going to answer a question that has come to us hundreds of times from dozens of sources and seems like a recurring topic at every event where I speak. And the question is, “How can I start flipping some houses and buying rentals in my spare time while I keep my job.”  Now I know we’ve dealt with this topic before but it’s been awhile and we are adding new listeners all the time and besides, some information is so needed, it’s worth repeating. So in just a few minutes I’m going to deal with this topic and help you understand the big picture of what you need to make this happen. I started in this business while maintaining a demanding full-time job and continued that way for four years. I only switched to real estate investing full time because due to life circumstances that other job had come to an end.   The other question or comment I often get is a variation of this: If you are helping people enter this business aren’t you creating your own competitors and reducing the opportunity for everyone you train? I’m going to answer that question first right after the break. The bottom line is there are more opportunities than there are investors and this isn’t changing anytime soon. To paraphrase a famous quote about planting trees, “the best time to get into this business was 20 years ago. The next best time is today.” 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:

• My upcoming speaking engagements:
  • April 21, FlipStarter Atlanta
• Details on the website and at FlipStarterEvent.com

News:

• http://lenkiefer.com/2017/09/17/housing-vacancy-trends/
• https://www.investopedia.com/articles/personal-finance/031616/10-us-cities-most-vacant-homes.asp
• https://www.forbes.com/sites/forbesrealestatecouncil/2018/04/03/15-booming-real-estate-markets-that-are-trending-in-2018/#2c66f9026f63

Topic: The Competition I believe in free enterprise, capitalism, private property rights, the rule of law, and limited government interference. I realize for a system like this to actually work, the general populace must not only agree about the rule of law but must also find common ground in agreeing about right and wrong. I also believe in Cooperative Capitalism. I do not believe that opportunity is a zero-sum game but rather that wealth can be created. There are those that believe that for anyone to prosper someone else must suffer. For anyone to win, someone else must lose. Games or competitions have one winner and all the rest are not winners. You might even quote a stupid Will Farrell movie by saying “Second Place is actually First Loser.” Although much can be learned in these competitive events, and we should relish competition for a number of reasons, it is possible for life itself to present multiple “winners.” Perhaps if you are keeping score in terms of quantifiable numbers such as “most money” there will be someone who finishes on top. But when it comes to money, once you reach a certain level, there’s almost no point in making more - there aren’t too many more ways you can spend it. My point is this: You don’t have to make the most money in order to be a winner at life. If you make enough to take care of your family, meet your goals, maybe even have some luxuries, some toys, or some extras, you’re a winner. I’m absolutely convinced that it’s possible for me to help you achieve your dreams without taking anything away from me. I can show you how to become effective as a real estate investor and in fact, you may ultimately be better at it than me. Does that take anything away from me? Not at all. One of my stated goals each year is to help people. If I am able to help someone, that goal is met and is self-rewarding. But let’s move away from the philosophical and talk specifics for a moment. Is it possible I could give you the skills that would put me out of business? Let’s go to the numbers. Last year 5 million homes were sold in the US and about 7% of them were flips from investors. That’s roughly 350,000. Is there room for that number to possibly increase? Well -- let’s take a look at the vacant home inventory. The number of vacant homes in the US has held fairly steady in the past five years at between 15 and 18 million. I have a study from lenkiefer.com that looks into the reasons for these vacancies. When I look through the report, it appears that about 46% of all vacant homes are in a situation that would be available to investors. These categories include, “needs repairs” “extended absence” “storage” “foreclosure” “abandoned” or “other”. If you had a way to find these properties and contact the owners, surely some of them are ready to sell. There are 7 or 8 million of these homes nationwide, available to people like me. That’s more than the total number of homes sold last year. Investors accounted for about 350,000 sales across the country last year. Based on the inventory and the current level of investors there’s a 20 plus year supply of properties available RIGHT NOW. And more distressed properties and abandonments are surely on the way. It’s the nature of things. If one investor can do a dozen houses per year and we wanted to sell the current inventory of vacant homes it would take close to 700,000 new investors. ---- I’d say there’s room for a few more, wouldn’t you? Emails: [email protected] Tell us where you’re from!

• Francine, Madison, WI, “How do you handle multiple offer situations when you are buying? It seems like every time I make an offer, they have multiple offers and want a ‘Highest and Best’ offer, usually within 24 hours.”
• Michael, Spartanburg, SC, “Do you ever go above your numbers due to the fact that deals are so hard to come by these days? I’d rather make something than have my money sitting on the sideline.”
• Melissa, Marion, OH, “We want to improve our deal marketing. What advice would you give us?”
• Peter, Battle Creek, MI “How many offers do I need to make in order to buy one house per month and how much time will that take me?”

FAR 096 Expected Air Date: 12/11/17 Announcements:

• NEW NEW! Call in to our comments line! 404-369-1018, extension 1. Leave your message.
• [email protected] Tell us where you're from!
• Like us on Facebook. www.facebook.com/flippingamericamedia
• Check in with us every Tuesday for "Tuesdays at Two"
• Follow us on Twitter @FlippingAmerica
• IF WE READ YOUR QUESTION ON THE AIR, WE WILL SEND YOU A TICKET TO OUR NEXT FLIPSTARTER EVENT. THAT'S A $97 VALUE!

News:

• The Hottest and Coldest markets?? http://www.builderonline.com/money/profits/the-hottest-and-coldest-markets-for-real-estate-investment_o
• https://economictimes.indiatimes.com/wealth/real-estate/10-rules-of-commercial-real-estate-investing/articleshow/61995537.cms
• https://www.inman.com/2017/12/07/5-factors-influencing-new-york-citys-real-estate-market/
• https://qz.com/1151221/offshore-shell-companies-own-86000-british-properties-and-the-government-hasnt-published-a-register/
• https://www.forbes.com/sites/forbesrealestatecouncil/2017/12/08/notable-real-estate-trends-to-watch-for-in-2018/#3ae586b61344
• https://www.nytimes.com/2017/12/05/business/economy/tax-bill-real-estate.html
• https://seekingalpha.com/article/4129717-tax-reform-can-stimulate-real-estate-market-stocks-stand-gain
• https://slate.com/business/2017/12/housing-markets-worst-hit-by-republican-tax-plan.html

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

• Tonia, Birmingham, AL "What does the one year right of redemption mean with foreclosures here?"
• Katie, Minneapolis, MN, "Do you shut down your sales in December? It seems a bit cold here for selling houses this time of year."
• Darrel, Austin, TX, "Next year I want to scale up my business from 6 to 15 flips. What suggestions would you have for me?"
  • Hire out the lowest level stuff first.
  • Eventually hire out everything except for the stuff only you can do.
  • Focus!
    • Deal Flow
    • Cash Flow
    • Hire the best people with the best skill set. Hold out for the best.
  • Leave the details to your good team, but never lose focus.
• Andre, Portland, OR "I'm buying rental properties in the midwest. I hired the first property management company I spoke with and am not satisfied. How do you go about hiring remote management. My properties are all in Kansas City and St. Louis."
• Alvin, Merced, CA "I have converted my 401K from my previous employer to a self-directed Roth IRA. Now I am looking to invest in someone's deal. Should I invest in someone flipping or in a long-term buy and hold?"
• Douglas, Mt. Vernon, IL, "There isn't much happening in my town in terms of real estate investing. In fact, I don't know of anyone who does this as an actual job. What would you advise someone like me - interested but unsure of the possibilities?"
  • Look in the legal ads in the paper. Find out the Illinois foreclosure rules. Get down to the courthouse and see who is bidding and what they are bidding on. Make friends. Get a mentor. Talk to local realtors.
• David, Atlanta, GA "I want to invest passively and I wonder if I can just put up money for you and your team to do some deals?"