FAR 188
Expected Air Date: 9/20/18 Opening
I am Roger Blankenship and I teach people how to make money in real estate. There are dozens of ways to make money in real estate and they all can be summarized by one of three approaches: - Buy with the intent to improve and quickly re-sell
- Buy with the intent to cash flow, grow equity through appreciation, and take advantage of tax structures.
- Invest in the activities of someone doing either or both of the first two categories.
To that end, we are dedicated to providing you the best most accurate and up-to-date information we can to help you make the best decision for you, your family, and your money. We don’t encourage everyone to drop what you’re doing and start flipping houses like you see on TV, but we do encourage everyone to have real estate as a part of a balanced portfolio. As you can imagine we get lots of questions here at Flipping America and today we are going to address many of them. I’m also going to take time today to review the latest news in the real estate world and while doing that I’m going to pick on yet another useless news article. Here’s a hint: If the article headline says “How To..” I’m going to read the article expecting some step by step how-to information. That’s a fair expectation right? If that article instead provides vague generalizations it should not have been published and deserves to be mocked. C’mon people, let’s hold ourselves and each other to a higher standard for reporting, writing, and communicating! How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements:
- Think Realty Saturday and Sunday, Sept 22-23
- FlipStarter Nov 2-3, Atlanta, GA
- Lunch with me every Wednesday.
- 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.
- 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!
Comment Line calls and Questions
Call 404-369-1018, press 1 and leave your message! Emails:
Questions@flippingamericaradio.com Tell us where you’re from! - Drew, Pascagoula, MI, “I’m looking at buying a group of properties and they are giving me a “Quit Claim” deed. Is that the same as a Quick Claim Deed? And I don’t really know what that is anyway. Could you explain? And is this ok, in your opinion?”
- Benton, Baltimore, MD, “I am looking at an opportunity to buy several townhomes in a rough section of town for under $5,000 each. I’ll have to spend 30-40k on each one to make them rent ready, but they will rent for $1000 each. This seems too good to be true, so tell me what I’m missing.”
- Lori, Milwaukee, WI, “What is the secret to raising private money?”
- Arden, Villages of Ocala, FL, “What return should I look for in my rental portfolio? I’m getting about 7.8% after all expenses are considered. I hear people talking about getting 12-15% and wonder how they do that.”
- Carter, Las Vegas, NV “I know the numbers and have had some training. But how do I actually pull the trigger on my first deal? I just can’t seem to?”
- Shamsideen, Boulder, CO “My partners and I are looking at various opportunities, apartments, hotels, and mini-warehouses, to be specific. Can you offer guidance for us as we decide where to put our money?”
Motivational Thoughts for the day
- Your true success in life begins only when you make the commitment to become excellent at what you do. — Brian Tracy
