Flipping America

FAR 277 Fantastic Deals and Where to Find Them Opening: I just finished up my new eBook, “Fantastic Deals and Where to Find Them” and today you are in for a bit of a special treat. The ebook will be available in the Kindle store and as an audio book. In the interest of maximizing time management and killing two birds with one stone I’m going to read the first half of the book on the show today and finish on our next show. Yeah it’s an eBook, so this is not a long read.  How to contact us www.RogerBlankenship.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 404-369-1018, 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.  Announcements: Lunch with me every Wednesday. Baraonda My latest article in Forbes is out. bit.ly/findredeals. The FAN is here! Would

If you’re going to be in this business you’re going to have to spend at least a little time with some numbers. And if you want to do well with the numbers and work with any kind of volume at all, you would be well advised to learn how to use a spreadsheet. That’s what I did. In fact I became quite the nerd with them. At one point several years back when I was single, I was teaching a team how to use my foreclosure analysis spreadsheet. One of the ladies in the groups raised her hand and asked, “do you evaluate your girlfriends with a spreadsheet?” That was a GREAT idea!    I was looking around online to see what’s out there and came across several products and possibilities. A few of the programs were so good I immediately reached out to the developers to see whether they would come on the show. One of them joins us today. He is Dave Robertson, from House Flipping Spreadsheet and FlipperForce.   He was a Construction Cost Estimator for a large commercial construction company when he started flipping houses pa

Quick question: What is a property worth? Answer: What someone is willing to pay for it. That answer is truthful, but it doesn’t always end up being “correct.” That’s because few people pay cash for real estate. When you borrow money the lender is going to protect their interests by ordering an appraisal. They will contact a licensed appraiser who will examine the property, compare it to nearby similar properties for sale or that have been sold, and will prepare a report that reflects his or her opinion of value. Although it is an opinion, it carries weight with the lender. In fact the lender will almost completely disregard what the buyer is willing to pay for the property if the appraiser has a different opinion.   This makes the appraiser an important piece of the puzzle. And it’s a piece over which you have no control. I was in this business when we could still choose an appraiser and I watched them get pressured into justifying higher prices than should have been reasonable. Since the collapse of 2008 an

A little over a year ago while going through the mix of show research I came across a story from a small local newspaper called the Flathead Beacon. My first thought was flathead as in the engine. My next thought was “fathead” which was an insult my brothers and I used to trade. But this must be a geographic area with which I was not familiar. So I clicked the link and introduced myself to a section of the great northwest I had not previously known and Kalispell, Montana, population 22,000.  The newspaper has a regular real estate column providing us with stats on local sales and the area market. It’s well researched and well written and I noticed that the author was not only a realtor but also a real estate researcher. So I decided to include a check-in on Kalispell as one way of keeping my finger on the pulse of the real estate market around the US. Then sometimes last year Mr. Dews published an article, which I referenced on the show, showing a statistical link between the placement of various numerals in

FAR 273 Nick Raithel Opening: Nick Raithel is the creator of the 7-Hour Book. This proven system allows any real estate investor to get their own professionally-published book while spending only 7 hours of their time on it. With the 7-Hour Book, Nick is on a mission to help investors and others in real estate finally get the recognition they deserve. Time and again, he’s seen those in nearly every community who have incredible stories and knowledge to share. A book is the ultimate way for them to share their insights and, in doing so, attract new business and investment opportunities. Yet the issue always seems to be that no one has any time.    Seeing this, Nick combined advanced time management strategies with his own experiences in publishing and marketing. The result was the 7-Hour Book, a service that’s been delighting clients ever since. How to contact us www.RogerBlankenship.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 404-369-1018, ext 1

I was asked about three years ago if vacation rentals were a good idea and my answer was based on the numbers at the time. My answer was “only if you want a vacation home and want a little help defraying some of the expenses.” I did not believe it to be a money-maker. That all changed - probably within the next 18 months as short-term rental sites such as VRBO, HomeAway and AirBnB took over. AirBnB dominates this industry and provides an interesting alternative for travelers while at the same time represents significant earning potential for the owners and operators.    The growth of AirBnB and in fact this entire industry has been phenomenal and it seems that the company founders have handled this explosion with a good plan, solid management, and responsive leadership.    But it hasn’t been and isn’t going to be problem free. Some of the neighbors to these properties have begun expressing concern, filing complaints with governing bodies, and even worked to get an outright ban on the short-term rental industr

Three years ago he was a Management Consultant who wanted to get involved in real estate investing. Two and half years ago he dove in, and now he’s already done 100+ deals and not one of them in the town where he lives. His name is Steven Pesavento and we are going to tell his incredible story today. Stay tuned to find out how he did it and how he’s doing it.    Just to prove that Americans do not have a monopoly on stupid ideas, rent controls may be coming to London. I’ll have that story.    Also, if you are investing in real estate with an eye to the future and you believe global warming is a thing, I’m going to tell you the top TEN cities where you need to buy up everything a few miles inland so your children can enjoy owning coastal property.    And are you ready for this? Amazon is getting into the real estate business. Watch out Zillow!   How to contact us www.RogerBlankenship.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 404-369-1018, ext 1

He was a Civil Engineer who wanted to be in real estate. So he went right out and bought a multi-family in one of the toughest neighborhoods in town, on a street filled with drug dealers, crime, and decay. But he turned his building around. Then used his influence to turn the street around. All without the use of force, without confrontation, and with dramatically positive results. You have to hear the story today of Al Williams. He’s the author of two books, “40 Ways to Increase the Net Income of Your Rental Property.” Paperback $18.97 and Building Wealth with Inner City Rentals, paperback $16.97. Both available on Amazon.    Al practices what he calls landlord leadership in Oak Park, an inner city suburb in the middle of Sacramento, California. See the show notes and you will be able to contact.    (You can reach Al at: P.O. Box 188491, Sacramento, CA 95818, al@leadinglandlord.com)   Also coming up, Vacancies in single family homes are near an all time high, but demand for multi-family is skyrocketing. Mill

FAR 269 Mark Kenney Think Multi-Family Opening: One of the best ways to own income producing property is to own multi-family.  Increased Cash Flow Easier Property Management Multifamily Properties Hold Their Value Tax Breaks Better Loan Opportunities Multifamily REITs Demand Projected to Increase Over the next couple of weeks we are going to do some segments on multifamily investing and I have a strong lineup of players coming on the show to talk with me about it. Mark Kenney from Think Multifamily is joining us today and he will be along in a few minutes.  How to contact us www.RogerBlankenship.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 404-369-1018, 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.  Announcements: Lunch with me every Wednesd

FAR 268 Notes Rich Munroe AirBnb Opening: Short Term rentals are a hot topic right now. Today we are doing the first of a two part series on them with a focus on AirBnB. Our guest is Superhost Rich Munroe of Diamond Edge Properties. He has his own properties and manages properties for other AirBnB hosts. He’s coming along shortly to discuss the ins and outs of short term rentals and help us understand the amazing potential of this investing method.  And do you know what an AVM is? You should, because it’s about to be involved of 70% of single family home transactions. The acronym stands for Automated Valuation Model. The problem is - AVMs are generally unreliable and can often create problems rather than solve them. I will explain.  Realogy is back in the news - this time not about their lawsuit against Compass. This time they have trouble of their own. Purplebricks is closing shop in the US, and we have an engagement announcement - Redfin and OpenDoor have announced a joint project in two cities. What that i

FAR 267 Information Overload Opening: It’s time today to catch up on the news and some of your questions. Breaking news isn’t exactly an every day experience in real estate, but that can be a good thing. I’ve got some updates today on foreclosure rates around the country, a pretty good article on why we aren’t seeing many foreclosures, where to expect a bump in foreclosures over the next six months, plus answers to many of your questions all coming up.  How to contact us www.RogerBlankenship.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 404-369-1018, 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.  Announcements: Lunch with me every Wednesday. Baraonda My latest article in Forbes is out. bit.ly/findredeals. The FAN is here! Would you like to inve

FAR 266 Seth Williams, REI Tipster Opening: Today we are being joined by Seth Williams of REI Tipster. Seth is a land investor and has a compelling argument for investing simply land. Land can create income as you flip it and passive income as you sell with owner financing. There is a world of possibility awaiting you as you dive in to this topic. Our conversation with him is coming up shortly. But I also have an extended set of questions about Subject-To purchasing so I’m going to jump right in and address this topic.  How to contact us www.RogerBlankenship.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 404-369-1018, 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.  Announcements: Lunch with me every Wednesday. Baraonda My latest article in Forbes

FAR 262 Know your Why Nots! A lot ot talk, several books, and valuable minutes of nearly every self-help seminar conducted in the past 10 years have been devoted to the topic of “Knowing Your Why.” It’s a trend for a good reason. It’s important to know your Why and it’s important to get beyond trivial things like “money” and “the stuff you buy with money.” I value and salute the idea of “knowing your Why.” But today I’m going to balance that with not a competing, but complementary idea. “Know Your Why Not.”  How to contact us www.RogerBlankenship.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 404-369-1018, 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.  Announcements: Lunch with me every Wednesday. Baraonda My latest article in Forbes is out. bit

FAR 265 Opening: Show me the MONEY! Of course this is one of the more famous movie lines ever from Jerry Macguire. I know many people get involved in real estate after listening to late night infomercials about “no money down” investing and how you can buy real estate with no credit, none of your own money and so on. These deals do exist but you might have to stumble over 100 good deals to find one. Those 100 deals require some money. And that money can ONLY come from one of two sources: YOU or SOMEONE ELSE. Most of us, when we get started are using money from someone else. It can be a friend, family member, or a lender, but most of us just do not have cash lying around to buy a property.  So how do you find the money and what is the best money to find? Our guest today is Susan Lassiter-Lyons and she is the author of the best-selling book “Getting the Money”. She’s coming along in a few minutes to lay some insight on us.  Plus we’ve got the news. Attom Data has released the first quarter home flipping report

Today we are talking Pittsburgh Pennsylvania in our Market Focus. Coming up we are going to zero in on the Pittsburgh market and I talk to four of the movers and shakers getting it done in Steel City USA. The economy is roaring, the real estate market is hot, home prices are up and continue to increase, everything is looking rosy in Pittsburg. If you have the Flipping America app, you’ll have access to all of our research, but rather than hear me read you the research, let’s talk to the actual people. Alex Deacon, Josh Caldwell, Cindy Rack, and Ryan Scialaba are joining us now. How to contact us www.RogerBlankenship.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 404-369-1018, 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.  Announcements: Lunch wi

Lauren Kingsbury is a current senior at Hampton University.She will be graduating in December 2019; She attained her real estate license at 18 years old and affiliated with Keller Williams Preferred Properties in 2017. Currently, Lauren is a full-time student and a part-time real estate agent; she currently is working full-time real estate for the summer to acquire her first investment property in August of this year. She works on a team with her mentor/mom Tracy Goins and assists with the day to day residential real estate activities. She hosts "Millennials Moving Out: Your Guide to More Money and More Freedom" at various colleges to spark the real estate conversation with young adults and recently released a rap video about real estate to keep young adults interested in learning about the real estate market/industry. FAR 263 Lauren Kingsbury, Real Estate Baddie Link: https://realestatebaddie.com/ https://www.instagram.com/realestatebaddie/ https://www.youtube.com/watch?v=behHBIkImmo&feature=youtu.be  

Today we are going to talk about failure. Most of us have been there - especially if you have ever launched your own business. According to Forbes 80% of all new businesses fail within 18 months. This is a bit concerning but it’s not all bad. Some of the greatest businesses and business success stories were built on the ashes of a previous failure. I know there are some of you listening right now who are struggling with feelings of failure. You’ve been working at this, or whatever, for awhile now and you’re not one of those “success stories” you read and hear about. You go online and see the carefully curated presentations of the successes of others and wonder why it isn’t happening to you. The urge is to just give in to self doubt, conclude that you’re not cut out for this, owning a business, entrepreneurship, and financial freedom just isn’t a part of your destiny. Listen - everyone has been there. Think about the successful people you admire (and perhaps secretly envy). They may ooze confidence and seem to

FAR 261 We have that Stats Opening: How good is that professional athlete? Well, let’s take a look at his or her stats. What’s the batting average? What’s the shooting percentage? From 3-point range? Free Throws? What’s the yards per carry average. What’s the yards after contact average? What is the average air-speed velocity of an unladen swallow? Be the first person to write in or call with that movie reference and I’ll send you a Starbucks gift card. What’s your miles per gallon? How long is your average daily commute? On average, how many hours do you spend watching TV every day? Statistics are all around us all the time. Today I’m going to BLOW YOUR MIND with a complete set of real estate statistics. Yes I studied statistics in college AND in graduate school. At the graduate level my statistics course, FED 790, was one of my favorite courses. Not so much because of the content, but because the professor was one of the most delightful persons I have ever met. He managed to make a drudgery topic into a cla

FAR 260 The University of Wealth Building Opening: Money isn’t everything. Real Estate isn’t the only thing you need to know about money. As I discussed on the last two shows, true life success is so much more than money. It’s not enough to just create a profitable business. It’s also how you live the rest of your life, connect your work with the people you love, the causes you support, and the life you want to live. Today I have a very special guest joining us. Ramon Tookes has been on the show before, but in the past few months he has launched something I believe is very important: the University of Wealth Building. This is an educational and mentoring program that I believe can have a profound impact in many lives. It’s in part because of the topics covered, but primarily due to the founder himself, Ramon Tookes. He is a man of great knowledge, practical wisdom some would call street smarts, business experience and life perspective. He brings all of that together in a beautiful mentoring program that is al

FAR 256 Opening: Today we are talking about Opportunity Zones. You may have heard about them. You might have even heard they are the next BIG thing in real estate investing. They represent a tax break for real estate investors as an incentive to bring economic development to underserved areas. I had a chance to speak with Jillian Sidoti and Nancy Tegeder of the law firm of Trowbridge and Sidoti out of southern California. How to contact us www.RogerBlankenship.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 404-369-1018, 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. Announcements: Lunch with me every Wednesday. Baraonda My latest article in Forbes is out. bit.ly/findredeals. The FAN is here! Would you like to invest in the Flipping America project