Would you ever consider investing with someone who has never lost money on a deal? That would certainly get my attention. I can’t make that claim - I’ve lost money on a few. But today I’m going to have on the show a young man who so far is batting 1000. He’s never lost money on a deal. And he’s been at it for awhile.
Blake Templeton is an international motivational speaker, author of the new book ‘The Solomon Way’, With 14 years in business, and 300+ transactions, not one single investor has ever lost money. They are on track to have $100M under management within the next 12 months. I’ve never had someone do this on the show either, but Blake is going to tell us how the wisdom of King Solomon is a model upon which to build a Financial Fortress We are also going to discuss his 3 Dimensional Investment strategy, talk about what that means and how we can use it. All this and more coming right up.
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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.
Topic:
News:
- There are things you won’t see when taking a virtual tour: https://realestate.usnews.com/real-estate/articles/things-to-consider-when-taking-a-virtual-home-tour
- Thinking about REITS? Consider these: https://money.usnews.com/investing/real-estate-investments/slideshows/best-apartment-reits-to-own-for-a-rental-market-slump
- Can you trust a USA Today poll? https://www.usatoday.com/story/money/2020/04/25/coronavirus-housing-market-pessimism-recession-home-buyers-sellers/3026595001/ It’s not an agenda or bias, it’s just a failure to understand the bigger picture.
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- Mystery: Home sales volume drops, but prices remain steady?
- Brilliant: many homeowners who lose their jobs and incomes will struggle to hold onto their homes
- You cannot declare a housing “trend” with data from any one-month period. This has never been more true than during the sudden economic upheaval created by the coronavirus and worldwide lockdown. We should probably set aside our normal macro-economic models for awhile and just see what happens when things open back up. Unprecedented events like this create difficulty for prognosticators. So the experts tend to draw on what they know, or from prior events they see as somehow similar or analogous to the current situation. I’m choosing to focus not on cyclical schedules, or stats produced one month after a worldwide shutdown. Instead, I focus on market fundamentals. Interest rates, Avg. days on market, foreclosure and default rates, available inventory, new home starts, and the economy as a whole. The last two are challenged right now. But our calls to investors and realtors on the streets and in the trenches say the market remains strong.
Questions:
Send your questions to questions@rogerblankenship.com
- Toya, Atlanta, GA “With a subject too can you do what you want with the property sell, rent, etc.”
- Armond, Macon, GA “I’ve heard from some long-time brokers that most banks are wise to the veil of a land trust when doing sub-to, and it’s simpler to just disclose the transfer of ownership to the lender upfront when changing/starting the home insurance policy. What do you guys think?
- Anthony, Atlanta, GA “When someone is on a ~30 day foreclosure timeline and has a 2nd lien that you want to short, is it generally feasible to get the short sale done in that short time frame? Normal short sales take months usually if I’m not mistaken.
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- Jessie, Chattanooga, TN “How can I get one of those $10,000 houses you speak of?”
- Ben, Columbus, GA “What’s the best way for a non-real estate agent to get comps?”
Motivational Thoughts for the day
“A wise man will make more opportunities than he finds.”
Francis Bacon
