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