In the coming months we are going to see a bump in the number of distressed homeowners who need an offer “right now.” Many homeowners do not have enough equity or the ability to discount their houses low enough for there to be an opportunity for an investor to make money. Unless you know how to creatively structure deals to minimize your cash outlays. That’s the topic for the next couple of episodes. Don DeRosa buys a dozen or more houses every year and most of the time he buys using a creative deal structure. He’s joining us today and next time to talk about how this is done.
We will be talking about subject-to, mortgage wraps, lease sandwiches, and other options that will allow you to not only say yes to more deals, but get more sellers to say yes to your offers.
How to contact us
www.RogerBlankenship.com. Leave a voicemail right from the home page!
Facebook.com/flippingamericamedia
Twitter and Instagram @FlippingAmerica
Call our National Comment Line: 877-55-ROGER (76437) ext 1. Leave your message or your question.
Email your questions to questions@rogerblankenship.com. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don’t mind.
Sponsors
American IRA: www.americanIRA.com
Civic Financial: bit.ly/CivicFinancial
Bay Mountain Capital, lending in the southeastern region
FlipStarter Online! www.flipstarteronline.com
The online course “Show Me the Money” bit.ly/dealfundingcourse 56firedome
Announcements:
- The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.com.
- 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.
- FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities .
- “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart.
News:
Questions:
Send your questions to questions@rogerblankenship.com
- Elwood, Knoxville, TN “Would you recommend a person start out with single family homes and move up to apartments?”
- Patrick, Pittsburgh, PA “How do I buy one of those ten thousand dollar houses I hear you talking about. Where do you find them? bit.ly/rogersbuyerslist
- Carmen, Long Beach California, “How is the real estate market even surviving? No one is allowed to look at homes or show them. I don’t think people are going to buy their next home without having set foot in it first. But from what I hear, the real estate market is doing ok. How is this so?”
Motivational Thoughts for the day
“Ninety percent of all millionaires become so through owning real estate. More money has been made in real estate than in all industrial investments combined. The wise young man or wage earner of today invests his money in real estate.”
Andrew Carnegie – Scottish businessman and philanthropist
