Flipping America

Latest Episodes:

Flipping America 426, Using Asana to Manage Projects and Teams Oct 26, 2020

Show notes

How do you manage your priorities and your to-do list? Do you use note-taking programs, pocket organizers, desktop calendar planners, to-do list apps or - like many of us, tons of post-it notes all over the place, or, like almost all of us, some combination of these?

Don't stop doing what you have to do to get things done, but consider finding a way to organize everything in one place. Today Nick Baldo is going to show you how.

If you have a project and want to be organized, you make a list, maybe several lists. If you have several projects and team members working on them, your lists could fill notebooks and you still might miss details. Asana is a project management engine with powerful tools to help you organize your business, your life, your team and keep everything straight, everyone accountable and streamline your workflow.

Good organization is a key to scaling your business, and scaling your business is how you will achieve your financial goals. In a few minutes we are going to join a recent call with Nick Baldo, a true master of technology and fellow real estate investor. He is going to teach us how to use Asana to manage our rehab projects, manage our teams, and do a better job of running our businesses. Best of all? This training is free and Asana has a free level. You could be on your way to being better organized by the time your lunch hour is over.

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 (877-557-6437) 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

The Flipping America Buyers Club bit.ly/flippingamericabuyersclub

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 Motivational Quote: "Productivity is never an accident. It is always the result of a commitment to excellence, intelligent planning, and focused effort." Paul Meyer

Flipping America 425, No Equity Investing Pt 1 Oct 24, 2020

Show notes

Today Bill and Dwan Twyford are going to conclude their very interesting and potentially profitable talk on No Equity Investing. Plus I have a good chance of getting caught up with questions from you. Coming up now on Flipping America.

I realized about 5-6 years ago I was leaving money on the table by telling people there was nothing I could do. It took awhile to figure out a way to make money on a property with no real equity. And even though I eventually did, I didn't have it down to an art like Bill and Dwan do. This is great stuff and there is a reason this call was one of the highest rated this year. Today we are going to hear the conclusion of the call they did with the Flipping America REIA a few weeks ago.

And I finally have plenty of time for your questions. I think we have a shot to get completely caught up today. So now I need even more questions from you. Ask anything you want about real estate and I promise you an answer.

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 (877-557-6437) ext 1. Leave your message or your question.

Sponsors

American IRA: www.americanIRA.com

The Flipping America Buyers Club bit.ly/flippingamericabuyersclub

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

Ken, Santa Barbara, CA "I can't get my head around buying rental property 2000 miles away. Is there anyway to invest in cash-flowing property here in southern California?"
Justin, Colorado Springs, CO "I'm about to put my first flip on the market. My question is, 'do properties sell over the winter time? Would I be better off to wait until springtime to get more money?'"
Alexis, Rosemont, IL "I have money from lottery winnings and I don't want to be stupid with it. You are one of several people I'm asking. What would you do with $1.2 million?" I haven't told anyone I won and I'm keeping my day job. I'm 31 and I don't want this to ruin my life." P.S. I'm not really from Rosemont, but trying to remain anonymous.
Martin, Auburn, AL "I am trying to get started investing here - buying rental properties, but they are usually under contract the same day they are listed. I can't seem to get out to the property fast enough. Any suggestions?"
Hamida, Atlanta, GA "I don't want to do a large rehab, but all of the deals I see require substantial work. This might not be the thing for me."
Gary, Indianapolis, IN "There are plenty of low-priced projects here. But not big margins. I can usually put about 60-80k in a flip and maybe make 10-15k. I hear people from other places talking about 100k profits and it just seems like a different world. Is it all that common?
Chai, Philadelphia, PA, "I'm thinking about buying a flip in North Dakota, but it's already cold there and I'm concerned about finishing it before it gets too cold. What do you know about flipping in winter there?"
Elliott, Raleigh Durham, NC, "It seems like the market is hot all over the United States. How can this be in the midst of a pandemic? And are there any markets anywhere where things aren't selling at all?"
Deborah, Clinton, IA "How do you see the presidential election affecting real estate?"

Motivational Quote: "Do something today that your future self will thank you for."

Flipping America 424 No Equity Investing, Part 1 Oct 23, 2020

Show notes

What do you do when you're speaking with a seller and realize they have no equity in their home? Most of us will apologetically tell the seller there's nothing we can really do and move on to the next lead. Today we are going to learn that we have other options - options that could be very profitable for us.

Bill and Dwan Twyford have been investing in real estate for more than 20 years and have made money on dozens of "no equity" properties. In a few minutes we are going to listen in on a call they made recently with the Flipping America REIA. This has been one of our highest rated calls in 2020. You won't see the visuals, but you can hear the explanation and it will open up possibilities for you.

If you want to be ON these calls, it's easy and it's free. Just point your web browser to flippingamericaREIA.com. The upcoming topics and links are right there on the home page. You can click and sign up. The calls happen almost every Wednesday at noon and Thursday at 7.

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 (877-557-6437) ext 1. Leave your message or your question.

Sponsors

American IRA: www.americanIRA.com

The Flipping America Buyers Club bit.ly/flippingamericabuyersclub

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

Marta, Pensacola, FL "I am wondering if you ever break your own MAO rule?"
Sandra, Evanston, IL "I'm new to flipping houses and as we are getting on toward winter time, I'm wondering whether it's possible to do this over the winter."
Marcus, Tampa, FL "Do you think it's too late to get into real estate investing? It seems like everybody is doing it and with so much competition I can't find a deal worth doing."
Carmen, Rossville, GA "Is it too late to join the Buyers Club?"
Pamela, Phenix City, AL "How do you decide what color to paint a house?"
Raymond, Baltimore, MD "I got a new job - have to be there in 4 weeks. 250 miles away. So I need to sell my house. It's worth $325-350k. I owe $260k on it. I don't really have enough time to sell through a realtor. An investor is offering me $5,000 and take over my payments. The amount seems low and would this impact my ability to buy another house?"

Motivational Quote: "Almost all success happens outside your comfort zone."

Flipping America 423, Investing in Crazy Unpredictable Times Oct 19, 2020

Show notes

I've stopped saying, "That's crazy" and instead now I just say "that's 2020." Has this not been the craziest insane year in a lifetime? So many things have changed - "normal" seems a distant memory and it's reasonable to wonder whether some things will ever return. This creates both anxiety from those who hate change AND opportunity for those who pay attention. I can promise you this: real estate will be here in our future and that means there will be ways to make money from it. So relax - there IS a real estate investing future and in this talk, I'm going to tell you what it is.

It might surprise you that I'm not going to predict the market for the next 12 months. That's pretty easy and pointless. What I'm going to say is, if you know how to look for and think about the opportunities, you will do well no matter what happens. On this call I'm going to tell you how to look, where to look, and how to evaluate the opportunities God (or the universe if you prefer) is handing to you every day.

You will leave this call armed with practical steps to guide you when the next opportunity - deal, investment, career - comes your way.

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.

Sponsors

American IRA: www.americanIRA.com

The Flipping America Buyers Club bit.ly/flippingamericabuyersclub

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.

Questions

Valerie, Plano TX "I went to your coaching page and tried to sign up, but it put me on a waiting list. Why is this and how long will I have to wait? I'm ready to go!"
Sidney, Boston, MA "What are some things to make sure I do as I am about to buy my first house?"
Anthony, Ft. Lauderdale FL "Any room left in the Buyers Club?"
Marta, Pensacola, FL "I am wondering if you every break your own MAO rule?"

Motivational Quote: "All you need is the plan, the road map, and the courage to press on to your destination." —Earl Nightingale

Flipping America 422, You have Deal Funding POWER Oct 17, 2020

Show notes

What if I told you that you could fund your real estate investments by buying insurance? At first blush that doesn't even seem to make sense! But today we are going to learn that not only does this make sense, it may be the best way to buy ANYTHING! Borrow money from yourself.

We are going to share a powerful technique that allows you to borrow money from yourself to buy things, pay yourself back, have the things AND have the money back. Sound crazy? I know it does at first. You can use this to buy a car, pay for a vacation, get that new iPhone. OR you can use this money to invest in cash-producing real estate and put your wealth generation machine into hyperdrive. (Yes, those blurry white lines ARE the stars as we pass by traveling faster than light…)

Mark Willis is going to join us for this call. Mark is a Certified Financial Planner which is a pretty big deal in its own right. But it's more significant for us because he has regulators looking over his shoulder all the time. If he were to tell you something untrue, illegal, or even shady, he would lose his license. What he will be sharing with us is actually time-tested, proven, and I personally have done the math.

You could be borrowing from yourself to fund all or part of your real estate deals. I don't say this often, but this is going to blow you away. It will change your life. I know it changed mine.

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.

Sponsors

American IRA: www.americanIRA.com

The Flipping America Buyers Club bit.ly/flippingamericabuyersclub

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.

Motivational Quote: "Keep your face always toward the sunshine—and shadows will fall behind you." —Walt Whitman

Flipping America 421, The W2 Landlord Oct 15, 2020

Show notes

A career in real estate is not for everyone. There are a good number of people in our audience who love their job or love a steady paycheck and want to keep working while they invest in real estate. Kim Kesterke joins us today to talk about the W2 Landlord. In mere moments she will share her process for identifying properties, resources, and screening tenants. She self-manages a portfolio of properties across the country while maintaining her full-time job.

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.

Sponsors

American IRA: www.americanIRA.com

The Flipping America Buyers Club bit.ly/flippingamericabuyersclub

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.

Motivational Quote: "Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world." - Franklin D. Roosevelt "Landlords grow rich in their sleep." - John Stuart Mill "Ninety percent of all millionaires become so through owning real estate." - Andrew Carnegie "The major fortunes in America have been made in land." - John D. Rockefeller

Flipping America 420, The "Quit-Your-Job Roadmap" Oct 12, 2020

Show notes

One of the most frequent questions coming to us is some variation of this: "how can I quit my job and start a career in real estate investing?" Today I'm going to answer that question and lay out for you a plan to make it happen.

In a recent workforce survey a majority of participants indicated they would be interested in not just a job change but a career change. Millions have watched the house flipping TV shows and thousands have caught the house-flipping fever. There is nothing wrong with this. There is usually nothing wrong with being your own boss, and there are fewer more satisfying career goals than setting your own hours, coming and going as you please, taking all the vacations you want and loving life like never before. It's a dream, yes, but it's not out of reach. I encourage you to consider a thoughtful course and today I'm going to show you how to get there.

A career in real estate is not for everyone. There are a good number of people in our audience who love their job or love a steady paycheck and want to keep working while they invest in real estate. Our next episode is for you. Kim Kesterke will be with us describing the W2 Landlord. She will share her process for identifying properties, resources, and screening tenants. She self-manages a portfolio of properties across the country while maintaining her full-time job.

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.

Sponsors

American IRA: www.americanIRA.com

The Flipping America Buyers Club bit.ly/flippingamericabuyersclub

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.

Questions:

Riggies, San Francisco, CA "Do you have turn-key properties for Buyers Club members?"
Nick, Memphis, TN "Do you provide any training for Buyers Club members?"
Karen, Louisville, KY "My contractor hasn't been to the job site in 3 weeks. I gave him $13,000 up front as he demanded, but all he's done is the demo work and some tile work in the bathroom. What would you do in this situation?"
Michael, Atlanta, "If I buy a house subject-to, is it ok if I sell it using a lease purchase?"
Kendeesia, New Orleans, LA, "Can you explain the 1% rule for rental properties? I'm interested in knowing how that became the rule."

News

This is actually a sign of a very strong economic rebound. https://www.housingwire.com/articles/for-the-first-time-since-april-forbearances-fall-below-3-million/?utm_campaign=Newsletter%20-%20Daily%20Download&utm_medium=email&_hsmi=97088488&_hsenc=p2ANqtz-_dbA-DWE0zhKXPoAzxoXj7cyZs4axOsTjg8xzQ75jjsDUkRCIeTqTzihbOrDDgLKB1_WKbu0mY_4rZt32laxJ-UqCFKY2A9tO_jOtwfzHOIYG8m_w&utm_content=97088488&utm_source=hs_email
I missed this prediction - the news is better than I thought. And WAY better than most predicted. I predicted we would land around 2.8% YoY increase by Dec. Many projected loss in value. We are still at 5.9% through August. https://www.corelogic.com/insights/home-price-index.aspx?WT.mc_id=crlg_201005_LeGen
We had the delinquency spike in June. Now we are watching for the foreclosure bump - around January. https://www.corelogic.com/insights/loan-performance-insights-report.aspx?WT.mc_id=crlg_200908_06lvL

Motivational Quote: "The most common way people give up their power is by thinking they don't have any." — Alice Walker.

Flipping America 419, Syndication Oct 10, 2020

Show notes

Today we are completing the conversation with Jeff Holst about buying apartments and then without skipping a beat we are transitioning to a conversation with Nancee Tegeder about Syndication - how you put together the money to buy the apartments. Nancee is an attorney with CrowdFunding Lawyers and all they do is securities law.

Jeff Holst is a recovering attorney, real estate investor, YouTube show host (the Old Fashioned Real Estate Show), world traveler, and spreader of joy and happiness. He makes his living owning multi-family properties. We talked about his story and the particulars of buying apartments but ran out of time in the Q&A period. So we finish that today and quickly switch over to Nancee.

Multi-family is one way to retire early from your day-to-day job and it doesn't take as much money to get started as you might think. And this is coming to you with limited commercial interruption so we can get it all in. Our sponsors thank you for your support!

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.

Sponsors

American IRA: www.americanIRA.com

The Flipping America Buyers Club bit.ly/flippingamericabuyersclub

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.

Questions:

Caitlin, Fort Worth, TX: "Why are you only taking 200 members into the buyers club?"
Swanson, Milwaukee, WI. "I'm curious about why you are charging a membership fee for the buyers club."
Jackie, Villages of Ocala, FL "I don't know cap rate from my husband's cap size. Do I need a lot of technical knowledge to invest in apartments?"
Jake, NOT from State Farm, but from Dubuque IA, "I know you are buying properties in other states sight unseen. Help me understand the thought process that allows you to do that. I can't seem to pull the trigger."
Susan from Mobile, AL "Would you ever buy a home that had previously been flooded? If so there is a lot of opportunity around here right now."
Joe, Atlanta, GA "If the BOR method is so good, why aren't more people doing it?"

Motivational Quote: Progress always involves risk. You can't steal 2nd base and keep your foot on 1st.– Fred Wilcox

Flipping America 418, Buying Apartments with Jeff Holst Oct 09, 2020

Show notes

Jeff Holst is a recovering attorney, real estate investor, YouTube show host (the Old Fashioned Real Estate Show), world traveler, and spreader of joy and happiness. He makes his living owning multi-family properties. We are going to talk about how he got started, how he finds and analyzes deals, and the options you have for funding a deal.

Multi-family is one way to retire early from your day-to-day job and it doesn't take as much money to get started as you might think. Hear all about it, ask your questions, and make your plans!

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.

Sponsors

American IRA: www.americanIRA.com

The Flipping America Buyers Club bit.ly/flippingamericabuyersclub

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.

Questions:

Caitlin, Fort Worth, TX: "Why are you only taking 200 members into the buyers club?"
Swanson, Milwaukee, WI. "I'm curious about why you are charging a membership fee for the buyers club."
Jackie, Villages of Ocala, FL "I don't know cap rate from my husband's cap size. Do I need a lot of technical knowledge to invest in apartments?"
Jake, NOT from State Farm, but from Dubuque IA, "I know you are buying properties in other states sight unseen. Help me understand the thought process that allows you to do that. I can't seem to pull the trigger."
Susan from Mobile, AL "Would you ever buy a home that had previously been flooded? If so there is a lot of opportunity around here right now."
Joe, Atlanta, GA "If the BOR method is so good, why aren't more people doing it?"

Motivational Quote: "Canada is like a loft apartment over a really great party." -Robin Williams "I installed a skylight in my apartment and the people who live above me are furious." -Steven Wright

Flipping America 417, Dealing with Competition Oct 08, 2020

Show notes

Find a great deal and odds are, you aren't the only person who knows about it. The competition in real estate investing has multiplied exponentially over the past few years. We are going to talk about how to think productively about competition and more importantly, what to DO about it. Where can you find your edge? How to size up the competition (and yourself), how to respond to challenges, and how to collaborate profitably.

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.

Sponsors

American IRA: www.americanIRA.com

The Flipping America Buyers Club bit.ly/flippingamericabuyersclub.com

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.

Motivational Quote: Vince Lombardy "The achievements of an organization are the results of the combined effort of each individual." "People who work together will win, whether it be against complex football defenses, or the problems of modern society." "Individual commitment to a group effort – that is what makes a team work, a company work, a society work, a civilization work."

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