Flipping America

Latest Episodes:

Show 319, The 2020 Prediction Show Jan 07, 2020

Show notes

2019 has been interesting and it's hard to believe it's already over, but it's time for us to pull the cover off our crystal ball and share with you what we see coming in 2020. We do that today with my TOP TEN Real Estate Investing predictions for 2020.

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: 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.

Sponsors

American IRA: www.americanIRA.com

Civic Financial: bit.ly/CivicFunding

FlipCalcs: One data set, multiple possibilities

Flipping America REIA. National REIA, local focus.

Announcements:

We normally meet every Wednesday and Thursday but we are done for the holidays. No meetings in December.
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:

Another City Is Paying Newcomers to Move There

https://magazine.realtor/daily-news/2019/12/17/another-city-is-paying-newcomers-to-move-there

Residential Construction To 'Increase Substantially' Come 2020

https://www.forbes.com/sites/alyyale/2019/12/18/residential-construction-to-increase-substantially-come-2020/#3fc0dc7f41ff

in 2020

https://www.nreionline.com/hotel/hotel-sector-looks-poised-another-strong-performance-2020

These Markets Will Be the Best Bets for Multifamily Investments in 2020

https://www.nreionline.com/multifamily/these-markets-will-be-best-bets-multifamily-investments-2020

The Nine Most Resilient U.S. Office Markets

https://www.nreionline.com/office/nine-most-resilient-us-office-markets

Topic: The Prediction Show!

Recap: The Big Stories of 2019

SALT deduction above 10k affects sales of expensive properties
Luxury market already losing speed - getting back to normal.
Sub-luxury still hot. Lack of inventory, strong resales.
Chronic shortage of new housing starts, especially in starter home category.
iBuyers make a splash.
Class-Action Suit against the NAR. (the story that wasn't. Almost no impact in brokers' daily lives)
Rent controls. Oregon and California. U.S. next?
House Flipping at an all time high in 2018 (10% of all homes sold). Back down to around 5% in 2019. House Flipping profits are at a 10 year low.
Zillow is about to become the Google of real estate. If they ever turn an actual profit, watch out!
Smart home technology comes of age.

2020 Predictions

Housing inventory shortage will continue, particularly in starter home class.
1. Hopeful signs: New home permits up in the 4th quarter 2019.
Millennials and now older Gen Z's will buy homes, keeping housing market stable
Coastal markets will see flattening of prices, reductions in LA, San Fran, Seattle, NYC, Miami, Boston
1. Wholesaling in Illinois. Jan 1, wholesalers must be licensed realtors.
2. Rent controls
3. Forced shelter for homeless in new construction - Portland.
Looming government interference
1. Oregon and California, now New York
2. Illinois
3. Nationwide?
Interest rates to remain low, may see all-time low mortgage rates.
1. Lending guidelines remain tight
2. Default and foreclosure rates remain at all-time low rates.
3. Low inventory gives no incentives to loosen lending guidelines.
No housing crisis in the next six months. Low probability of housing crisis in the next two years.
1. Exceptional markets down - aformentioned coastal areas plus Chicago, St. Louis and Kansas City. down 1-3%.
2. Exceptional markets up - 3.5-4% gains
Nationwide, prices will tend toward on pace with inflation - 2.8-3.2%
1. Billings and Missoula, MT,
2. Sioux Falls and Rapid City,
3. SD Tampa, FL,
4. Memphis,
5. Raleigh-Durham, NC,
6. Mobile, AL,
7. Huntsville, AL,
8. Columbus, GA
9. Chattanooga, TN
10. Tuscon, AZ
1. Lower profits
2. Weeding out process - many will leave the business altogether.
House flipping markets will become more efficient in major cities.
1. AirBnB
2. Self-Storage
3. Seller Financing Inexpensive Houses
Alternative small investor strategies will catch fire in 2020.
Overall Housing market will resume its rightful position in the economy - a relatively minor player.
Retail brick and mortar will struggle. Increased vacancies and store closures.
iBuyers will all raise new money and increase areas of operations. None will turn a profit.
If Trump is re-elected, Fannie Mae and Freddie Mac will announce plans to go private with an IPO in 2021.
Private solutions for affordable housing will begin to make headlines. According to the Economic Innovation Group (EIG), "as of October 2, 2019, 115 listed funds have identified affordable and workforce housing, as well as community revitalization, among their investment priorities—a nearly four-fold increase since the beginning of 2019." Most of these developments are focused on providing affordable housing for wage earners who make around 40% to 70% of the area median income.
Opportunity Zone investments will lessen in 2020, but it won't be over. the best OZ deals may be found in 2020.

Your Questions: Send emails to questions@rogerblankenship.com Comment Line calls and Questions

Call 404-369-1018, press 1 and leave your message!

Motivational Thoughts for the day

"Often out of periods of losing come the greatest strivings toward a new winning streak." - Mr. Rogers

Show 318 Market Report - Housing Jan 06, 2020

Show notes

Today we continue the Market Report with an in-depth look at the housing market. What happened 2019? What are the stories that will shape the housing market in 2020? What changes are taking place in the home reselling industry. The news segment today will bring you up to date with the latest in the housing market and in the second half of the show I'm going to share with you my top Ten real estate stories of 2019.

How to contact us

www.RogerBlankenship.com. Leave a voicemail right from the home page!
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.

Facebook.com/flippingamericamedia
Twitter and Instagram @FlippingAmerica

Sponsors

American IRA: www.americanIRA.com

Civic Financial: bit.ly/CivicFunding

FlipCalcs: One property, Many possibilities.

Flipping America REIA, a National REIA with a Local Focus

Announcements:

We normally meet every Wednesday and Thursday but we are done for the holidays. No meetings in December.
Coming in 2020: The Flipping America REIA.
- 45 Weeks, 2 meetings per week.
- 15-20 minutes of focused content unavailable to the general public.
- 15-20 minutes of real estate and small business Q&A.
- Wednesdays 12-2, Thursdays 7-9.
- Local groups all over America joining the videocast at 1 and/or 8.
We have three apps in the app store: Flipping America is the app where you can listen to the show. The Flipping America Network is where you can buy and sell investment properties. And Property Grade allows you to evaluate properties using the proprietary Flipping America Property Grade algorithm. Answer 10 questions about the deal and immediately learn what you can expect to make the ROI, the ROC and see a letter grade for the property.

News:

Real Estate Wins in Government Spending Bills

https://magazine.realtor/daily-news/2019/12/17/real-estate-wins-in-government-spending-bills

Home Flipping Is Losing Fans https://magazine.realtor/daily-news/2019/12/17/home-flipping-is-losing-fans

Home Flipping Activity in U.S. Drops 13 Percent in Q3

https://www.worldpropertyjournal.com/real-estate-news/united-states/irvine/attom-data-solutions-2019-us-home-flipping-report-real-estate-news-home-flipping-data-bank-foreclosure-sales-maksim-stavinsky-roc-capital-11718.php

Housing is in the middle of an inventory crisis. Here's why

https://www.housingwire.com/articles/housing-is-in-the-middle-of-an-inventory-crisis-heres-why/

House Federal Funding Legislation Brings Certainty, Stability to Housing Market https://www.nar.realtor/newsroom/house-federal-funding-legislation-brings-certainty-stability-to-housing-market

Topic: Market Report: Housing

America's housing market is coming back to life just in time to boost the 2020 economy

https://www.cnn.com/2019/12/17/economy/housing-market-economy-2020/index.html

US housing starts rise more than expected, with permits at a 12-1/2-year high

https://www.cnbc.com/2019/12/17/us-housing-starts-building-permits-november-2019.html

Homebuilder confidence jumps to highest level in 20 years

https://www.cnbc.com/2019/12/16/homebuilder-confidence-jumps-to-highest-level-in-20-years.html

The Big Housing Stories in 2019

SALT deduction above 10k affects sales of expensive properties
Luxury market already losing speed - getting back to normal.
Sub-luxury still hot. Lack of inventory, strong resales.
Chronic shortage of new housing starts, especially in starter home category.
iBuyers make a splash.
Class-Action Suit against the NAR. (the story that wasn't. Almost no impact in brokers' daily lives)
1. Government interference to solve a government-caused problem. Why are rents so high? A central driver of higher home prices in some communities is the heavy regulation of housing markets by localities. This includes "overly restrictive zoning and growth management controls; rent controls; cumbersome building and rehabilitation codes; excessive energy and water efficiency mandates; unreasonable maximum-density allowances; historic preservation requirements; overly burdensome wetland or environmental regulations; outdated manufactured-housing regulations and restrictions; undue parking requirements; cumbersome and time-consuming permitting and review procedures; tax policies that discourage investment or reinvestment; overly complex labor requirements; and inordinate impact or developer fees."
2. Based on an assumption that investors will act in a manner detrimental to their own self-interest. As long as there are greener pastures and easier places to do business investors will go there. This creates shortages in the places they leave behind.
3. Creates advantages for those presently in place.
4. Creates shortages and disadvantage for everyone else.
5. LA has had rent controls (1978) - and 60,000 homeless.
6. Washington DC has rent controls (1985) and the largest per capita homeless rate on the east coast.
Rent controls. Oregon and California. U.S. next?
House Flipping at an all time high in 2018 (10% of all homes sold). Back down to around 5% in 2019. House Flipping profits are at a 10 year low.
1. Ad sales
2. Buyer program
3. Agent referrals
4. Mortgage company
5. Other services (title company, moving services)..
Zillow is about to become the Google of real estate. If they ever turn an actual profit, watch out!
1. Many options
2. Affordable - thanks to competition
Smart home technology comes of age.

Your Questions: Send emails to questions@rogerblankenship.com Comment Line calls and Questions

Call 404-369-1018, press 1 and leave your message!

Motivational Thoughts for the day

"Love and success, always in that order. It's that simple AND that difficult." -Mr. Rogers

Show 317, The 2019 Market Report Dec 26, 2019

Show notes

We are continuing today with our shows to wrap up the year and look to the new year. Today I have a couple more lists for you - the top cities to invest in office space and the top 30 high-tech employment cities - also good places to invest in office space.

The primary focus for today's show is the Market. Today we are looking at the overall economy. We will consider 2019 and peek ahead to 2020, but no predictions until the prediction show, coming up in a week. Next time we are going to zero in on the housing market and look back and peek forward like we are doing with the economy today.

To wrap up the year we are going to do the Crystal Ball show, where I make some predictions about 2020, and we will do the looking back, looking ahead show featuring some show guests from this past year.

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: 404-369-1018, ext 1. Leave your message or your question.

Sponsors

American IRA: www.americanIRA.com

Civic Financial: bit.ly/CivicFunding

FlipCalcs: One property, Many possibilities.

Announcements:

We normally meet every Wednesday and Thursday but we are done for the holidays. No meetings in December.
Coming in 2020: The Flipping America REIA.
- 45 Weeks, 2 meetings per week.
- 15-20 minutes of focused content unavailable to the general public.
- 15-20 minutes of real estate and small business Q&A.
- Wednesdays 12-2, Thursdays 7-9.
- Local groups all over America joining the videocast at 1 and/or 8.
We have three apps in the app store: Flipping America is the app where you can listen to the show. The Flipping America Network is where you can buy and sell investment properties. And Property Grade allows you to evaluate properties using the proprietary Flipping America Property Grade algorithm. Answer 10 questions about the deal and immediately learn what you can expect to make the ROI, the ROC and see a letter grade for the property.

News:

https://www.ccn.com/full-blown-us-housing-market-crisis-on-the-way/

https://www.housingwire.com/articles/heres-what-will-happen-in-multifamily-real-estate-in-2020/

FTC slaps duo with $6M fine for defrauding Section 8 renters

https://www.inman.com/2019/12/17/ftc-slaps-duo-with-6-million-fine-for-defrauding-section-8-renters/

The Nine Most Resilient U.S. Office Markets

https://www.nreionline.com/office/nine-most-resilient-us-office-markets

https://www.nreionline.com/office/overview-cbres-2019-tech-30-markets/gallery?curr=23&slide=1

There Is Still Opportunity In Opportunity Zones https://www.forbes.com/sites/forbesrealestatecouncil/2019/12/17/there-is-still-opportunity-in-opportunity-zones/#2ed2c0767acd

Topic: Market Report: Overall Economy

Looking back at 2019

Looking ahead to 2020

Summary:

GDP numbers are good

American economy dwarfs the world economy.

Unemployment at 50-year low.

Manufacturing is not strong.

Tech and information is booming.

Housing is stable (more next show).

Interest rates will remain low.

Inflation is in the goldilocks range.

Your Questions: Send emails to questions@rogerblankenship.com Comment Line calls and Questions

Call 404-369-1018, press 1 and leave your message!

Motivational Thoughts for the day

"It's not the honors and the prizes and the fancy outsides of life which ultimately nourish our souls. It's the knowing that we can be trusted, that we never have to fear the truth, that the bedrock of our very being is good stuff." - Mr. Rogers

Flipping America 316, Population Trends Dec 24, 2019

Show notes

One of the investment criteria used by nearly everyone across all asset classes is population growth. We want to know where people are leaving and TO where they are moving. If the communities receiving the influx of population has the job stability to accommodate the new people it's going to need more housing. This is where we can step in either with flips, new construction, rental houses or apartments. So today we are going to take a look at populations trends across the United States.

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: 404-369-1018, ext 1. Leave your message or your question.

Sponsors

American IRA: www.americanIRA.com

Civic Financial: bit.ly/CivicFunding

Flipping America REIA.

Membership is $100/year.

Free admission to all networking events (potential savings of $900)

15% off all live training events. (Typically priced around $500, for a savings of $75 each).

15% off all online courses (typically priced around $300, for a savings of $45 each).

We also have sponsor memberships which include all of the benefits of individual membership plus some great savings for sponsors.

Announcements:

The Flipping America REIA meets every Wednesday from 12-2 and Thursdays from 7-9. Members get access to the weekly dose of content, plus a live Q&A with the Flipping America guy.
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:

Metropolitan Median Area Prices and Affordability

https://www.nar.realtor/research-and-statistics/housing-statistics/metropolitan-median-area-prices-and-affordability

Housing in 2020 will be most challenging for buyers: Economist

https://www.cnbc.com/video/2019/12/04/housing-in-2020-will-be-most-challenging-for-buyers-economist.html

Top 8 Destinations for Winter Vacation Home Buyers

https://magazine.realtor/daily-news/2019/12/09/top-8-destinations-for-winter-vacation-home-buyers

Shrinking Homes, More Millennial Buyers Top 2 U.S. Housing Market Predictions for 2020

https://www.worldpropertyjournal.com/real-estate-news/united-states/seattle/real-estate-news-millennial-home-buyer-report-for-2020-zillow-housing-data-top-real-estate-trends-for-2020-shrinking-homes-trend-skylar-olsen-11716.php

10 Markets Expected to Explode in 5 Years

https://magazine.realtor/daily-news/2019/12/11/10-markets-expected-to-explode-in-5-years

Topic: Population Trends

Comment Line calls and Questions

Call 404-369-1018, press 1 and leave your message!

Motivational Thoughts for the day

"I don't think anyone can grow unless he's loved exactly as he is now, appreciated for what he is rather than what he will be." -Mr. Rogers

Show 315, The Best Places for Short-Term Rentals Dec 23, 2019

Show notes

We are continuing today with our year- end series on "Best Places." Today we discuss the best places to own a short-term rental. AirBnB is the dominant player in the short term rental provider, but we should also mention VRBO, Vacation Rentals By Owner, and a variety of other AirBnb Competitors. In fact I'm going to share a list of them with you and try to list the distinctive differences, if any. But make sure you pay attention to the news. AirBnB is getting hammered in some cities, who in spite of their rhetoric seem to have found another revenue stream for themselves.

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: 404-369-1018, ext 1. Leave your message or your question.

Sponsors

American IRA: www.americanIRA.com

Civic Financial: bit.ly/CivicFunding

Announcements:

We normally meet every Wednesday and Thursday but we are done for the holidays. No meetings in December.
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:

Airbnb has removed thousands of listings in Boston as new rule takes effect ahead of the company's presumed IPO next year

https://www.cnbc.com/2019/12/03/in-boston-airbnb-tasked-with-removing-thousands-of-illegal-listings.html

FHA Loan Limits Are Increasing in 2020

https://magazine.realtor/daily-news/2019/12/06/fha-loan-limits-are-increasing-in-2020

6 Global Tech Startups to Watch in Real Estate

https://magazine.realtor/daily-news/2019/12/10/6-global-tech-startups-to-watch-in-real-estate

Cash-Out Refinancing Jumps; Homeowners Tap $36B In Equity

https://www.forbes.com/sites/alyyale/2019/12/10/cash-out-refinancing-jumps-homeowners-tap-36b-in-equity/#54480e9a646c

Know In Which Real Estate Market to Inves

https://money.usnews.com/investing/real-estate-investments/articles/know-in-which-real-estate-market-to-invest

Alternatives to AirBnB

https://www.tripping.com/industry/rental-companies/9-airbnb-competitors-that-you-should-know-about

https://www.curbed.com/2016/12/13/13933554/airbnb-vacation-rental-alternatives

Topic: Best Places for AirBnB

Best Cities to Buy Airbnb Investment Property

https://www.ipx1031.com/best-cities-to-buy-airbnb-investment-property/

Where Investors Are Taking Advantage of Airbnb 2019

https://smartasset.com/financial-advisor/where-investors-are-taking-advantage-of-short-term-rental-market-2019

The Most Profitable Airbnb Cities In The U.S.

https://www.forbes.com/sites/amydobson/2019/06/24/the-most-profitable-airbnb-locations-in-the-us/#e0c755322714

Airbnb Bliss: Top 10 Cities Where Vacation Rentals Rake in the Most Cash

https://www.realtor.com/news/trends/10-best-cities-to-own-an-airbnb-rental-property/

SHORT-TERM RENTAL STRATEGY: BEST CITIES FOR AIRBNB RENTAL INCOME

https://www.mashvisor.com/blog/best-cities-for-airbnb-rental-income-2019/

Your Questions: Send emails to questions@rogerblankenship.com Comment Line calls and Questions

Call 404-369-1018, press 1 and leave your message!

Motivational Thoughts for the day

"How many times have you noticed that it's the little quiet moments in the midst of life that seem to give the rest extra-special meaning?" -Mr. Rogers

Flipping America 314, The Best Places for Multi-Family Dec 20, 2019

Show notes

Today is the annual multi-family wrap up show for 2019. We are going to update you on the latest multi-family news, give you a few thoughts and tips about investing in multi-family and end up the show sharing with you the best places in the US to buy them, according to the statistics we have available to us.

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: 404-369-1018, ext 1. Leave your message or your question.

Sponsors

American IRA: www.americanIRA.com

Civic Financial: bit.ly/CivicFunding

Announcements:

We normally meet every Wednesday and Thursday but we are done for the holidays. No meetings in December.
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:

iBuyers are not ripping consumers off. Are they?

https://www.housingwire.com/articles/are-ibuyers-ripping-off-sellers/?utm_campaign=Newsletter%20-%20HousingWire%20Daily&utm_source=hs_email&utm_medium=email&utm_content=80440425&_hsenc=p2ANqtz--Ivv4N-06cJ6Yz8EgnhJVPFyVAGG3q4ra5f5D4clROph2f28A6P_0xsJJPZDJyPIxiZvAYhvfn5YlpHcyD_npv6LlTD_WytwIEaFbhrVmLyEJxfxc&_hsmi=80440425

On the other hand…

https://www.isoldmyhouse.com/ibuyers-guide/

And…

https://www.marketwatch.com/story/selling-your-home-to-an-ibuyer-could-cost-you-thousands-heres-why-2019-06-11 (11% less!)

Expect Continued Economic Growth, Slower Real Estate Price Gains and Small Chance for Recession in 2020, According to Group of Top Economists

https://www.nar.realtor/newsroom/expect-continued-economic-growth-slower-real-estate-price-gains-and-small-chance-for-recession-in

Multifamily REITs Are Once Again in Acquisition Mode

https://www.nreionline.com/multifamily/multifamily-reits-are-once-again-acquisition-mode

Why Multifamily Investors Are Betting on Affordable Housing in 2020

https://www.multifamilyexecutive.com/business-finance/why-multifamily-investors-are-betting-on-affordable-housing-in-2020_o

Will Apartments Be A Good Investment In 2020?

https://www.forbes.com/sites/forbesrealestatecouncil/2019/12/10/will-apartments-be-a-good-investment-in-2020/#4af069453683

Five Reasons To Consider Investing In Residential Condos

https://www.forbes.com/sites/forbesrealestatecouncil/2019/12/10/five-reasons-to-consider-investing-in-residential-condos/#50e15f3954c7

Topic: Best Places for Multi-family/Commercial

Criteria:

Employment Growth
Population Stability
New apartment construction (less is better)
Rent trends
Vacancy rates
Cap rates (the local market and the property itself)
Cash flow
http://milesdevelopmentgroup.com/buying-criteria/
http://www.themultifamilyinvestor.com/our-investment-criteria/
https://money.usnews.com/investing/real-estate-investments/articles/2017-12-04/7-tips-to-invest-in-multifamily-property
https://www.quora.com/What-are-key-purchasing-criteria-for-multi-family-apartment-building-investments

Best Places

Your Questions: Send emails to questions@rogerblankenship.com Comment Line calls and Questions

Call 404-369-1018, press 1 and leave your message!

Motivational Thoughts for the day

"Forgiveness is a strange thing. It can sometimes be easier to forgive our enemies than our friends. It can be hardest of all to forgive people we love. Like all of life's important coping skills, the ability to forgive and the capacity to let go of resentments most likely take root very early in our lives."

-Mr. Rogers

Flipping America 313, The Best Places to Own Rentals Dec 14, 2019

Show notes

Hey everyone! We are back with our Best Places Series and today we are going to be talking about the best places to own rental properties in 2019 and probably 2020 as well. I have a bunch of websites and a variety of opinions about this and again, it all comes down to the criteria and weighting factors used in developing the scoring system. Carissa from Macon, GA asked me to explain the weighting factors and what I mean by that. So I will. It comes from the world of statistical analysis. Let's take for example the Flipping America Property Grade.

Mileage - a factor, but not as important as the profit.

Profit not as important as ROI, but profit still should be above 20k to make it worth your while.

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: 404-369-1018, ext 1. Leave your message or your question.

Sponsors

American IRA: www.americanIRA.com

Civic Financial: bit.ly/CivicFunding

Announcements:

We normally meet every Wednesday and Thursday but we are done for the holidays. No meetings in December.
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:

Fed Cuts Rate for Third Time This Year, Hints at Pause

https://www.realtor.com/news/real-estate-news/fed-cuts-rate-for-third-time-this-year-hints-at-pause/

Multifamily Investors Are Spending More Capital in Secondary and Tertiary Markets

https://www.nreionline.com/multifamily/multifamily-investors-are-spending-more-capital-secondary-tertiary-markets

Closing on a House: 10 Common Problems to Spot in a Final Walk-Through

https://realestate.usnews.com/real-estate/articles/closing-on-a-house-10-common-problems-to-spot-in-a-final-walk-through

What's the Impact of Nearby Transit on Office and Multifamily Property Values?

https://www.nreionline.com/finance-investment/what-s-impact-nearby-transit-office-and-multifamily-property-values

Most U.S. Home Building Primarily in Millennial Areas in 2019

https://www.worldpropertyjournal.com/real-estate-news/united-states/atlanta-real-estate-news/real-estate-news-national-association-of-home-builders-home-building-geography-index-hbgi-single-family-housing-production-data-for-2019-robert-dietz-11707.php

Topic: Where to own Rentals

Our Criteria

Population stable - not declining
Strong middle class employment picture
Relatively low home prices
Quality of schools
Stability of neighborhoods
Potential long-term upside
https://www.realwealthnetwork.com/learn/best-places-to-buy-rental-property/?gclid=CjwKCAiAlajvBRB_EiwA4vAqiEnKnNzepkihunLgwyl16vlCj_9V_0p5m91Gdh2D5ywJDNJEMG6pfhoChwcQAvD_BwE
https://www.doughroller.net/real-estate-investing/8-best-u-s-housing-markets-for-real-estate-investing/
https://finance.yahoo.com/news/best-worst-cities-own-investment-090000378.html
https://www.gobankingrates.com/investing/real-estate/best-worst-cities-own-investment-property/

Your Questions: Send emails to questions@rogerblankenship.com

Frieda, Boston, MA, I'm trying to find a rental property to buy based on the numbers you have given and it seems impossible. The best I can do is a home for $300,000 that I can rent for $2,200/month. My payment including taxes and interest is just under 1700. It sounds like $500/month in cash flow. What am I missing?

Comment Line calls and Questions

Call 404-369-1018, press 1 and leave your message!

Motivational Thoughts for the day

"There is no normal life that is free of pain. It's the very wrestling with our problems that can be the impetus for our growth." -Mr. Rogers

Flipping America 312, The Best Places to Flip Dec 13, 2019

Show notes

We are in our "Best Places" series of shows to end up the year. Last time we talked about the best places to live. I reeled off more than 100 great places to live and pointed out that the lists were different because of the different criteria used and the relative importance of those criteria. Today we are going to talk about the best places in America to flip properties. I have several lists, although a few of them got their data from WalletHub and are therefore not original. What you will see is that even in a business driven by the numbers, there is still room for some disagreement. Although I don't know what the heck Bob Vila was thinking in his list. But you'll hear it coming up!

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: 404-369-1018, ext 1. Leave your message or your question.

Sponsors

American IRA: www.americanIRA.com

Civic Financial: bit.ly/CivicFunding

Announcements:

We normally meet every Wednesday and Thursday but we are done for the holidays. No meetings in December.
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:

Next year will be hard on the housing market, especially in these big cities

https://www.cnbc.com/2019/12/04/harsh-housing-forecast-for-2020-especially-in-these-big-cities.html

These States Have the Lowest Mortgage Refinance Rates

https://magazine.realtor/daily-news/2019/12/04/these-states-have-the-lowest-mortgage-refinance-rates

Market Strength to Continue Next Year, Freddie Predicts

https://magazine.realtor/daily-news/2019/12/02/market-strength-to-continue-next-year-freddie-predicts

6 Cities Where You Need A Six-Figure Salary To Afford A Median-Priced Home

https://www.forbes.com/sites/brendarichardson/2019/12/03/6-cities-where-you-need-a-six-figure-salary-to-afford-a-median-priced-home/#64da21db3b4c

2020 Real Estate Outlook: Expert Predictions For Mortgage Rates, Home Prices, Tech And More

https://www.forbes.com/sites/alyyale/2019/11/15/2020-housing-outlook-expert-predictions-for-mortgage-rates-home-prices-tech-and-more/#798ade612935

Topic: Where to Flip

Our Criteria

Population growth
Average Days on Market / Market Saturation
Existing home inventory / pool of motivated sellers
Team: Contractor(s) Realtor(s)
Balance between costs and returns.
https://www.cnbc.com/2018/05/09/10-best-states-for-turning-a-profit-on-flipping-a-house.html
https://www.housingwire.com/articles/49738-here-are-the-top-10-best-and-worst-places-to-flip-a-house/
https://wallethub.com/edu/best-cities-to-flip-houses/23158/
https://www.fortunebuilders.com/house-flipping-the-top-5-cities-to-invest-in/
https://www.bobvila.com/slideshow/the-best-cities-in-america-for-flipping-houses-in-2019-52644
https://blog.walnutstreetfinance.com/top-12-markets-for-house-flippers-in-2019
https://reww.com/blog/top-markets-house-flipping/
https://selectstudentservices.com/wondering-where-2019s-the-best-places-are-to-flip-houses/
https://selectstudentservices.com/wondering-where-2019s-the-best-places-are-to-flip-houses/

Your Questions: Send emails to questions@rogerblankenship.com Comment Line calls and Questions

Call 404-369-1018, press 1 and leave your message!

Motivational Thoughts for the day

"Anyone who does anything to help a child in his life is a hero. " - Mr. Rogers

Flipping America 311 Great Places Dec 12, 2019

Show notes

We are winding down to the end of 2019. It's been an interesting year to say the least! Over the next several shows we are going to review this past year, look ahead to 2020, and consider some of those lists we love. On the last show we started looking at some of the Best Places lists. We continue with that today and we will begin with the Best Places in America to live. If these are great places to live, they are also great places to invest. Some of the results will surprise you and there are several towns I'm betting you've never heard of. We have results from the usual suspects such as Money magazine, US News and World report, cnbc.com, and USA today, but we also have results from a couple of websites you may not be familiar with, Niche and liveability.com. These two sites add an interesting spin on the best cities. I can tell you right now we are going to name a LOT of nice cities and towns in the next few minutes - the lists are not identical - in fact they are remarkably different because they use different criteria and weighting factors. But the point is, there are great places to live all across the country. And every one of those places will have a part of town that isn't quite as nice as the rest of the town. Another piece of the story is that almost any place can be a good place to live depending on your personal criteria. For example, if you love golfing and motorcycling, almost no place in Minnesota will be ideal for you. But if you love winter sports, snowmobiling, and long winter nights in front of the fireplace, it could be just right.

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: 404-369-1018, ext 1. Leave your message or your question.

Sponsors

American IRA: www.americanIRA.com

Civic Financial: bit.ly/CivicFunding

Announcements:

We normally meet every Wednesday and Thursday but we are done for the holidays. No meetings in December.
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.

Topic: Best Places to Live

Your Questions: Send emails to questions@rogerblankenship.com Comment Line calls and Questions

Call 404-369-1018, press 1 and leave your message!

Motivational Thoughts for the day

"You rarely have time for everything you want in this life, so you need to make choices. And hopefully your choices can come from a deep sense of who you are." - Mr. Rogers

Flipping America 310 News and Questions Dec 11, 2019

Show notes

Today we are hitting the headlines hard and taking some of your questions. We have green startups, best places to live and work, and the top 25 cities Americans can't wait to leave!

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.

Sponsors

American IRA: www.americanIRA.com

Civic Financial: bit.ly/CivicFunding

Announcements:

We normally meet every Wednesday and Thursday but we are done for the holidays. No meetings in December.
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:

The Best Places For Business And Careers 2019: Seattle Still On Top

https://www.forbes.com/sites/samanthasharf/2019/10/30/the-best-places-for-business-and-careers-2019-seattle-still-on-top/#4ff07d653df2

Four Lessons Real Estate Investors Should Thank The Great Recession For

https://www.forbes.com/sites/forbesrealestatecouncil/2019/11/12/four-lessons-real-estate-investors-should-thank-the-great-recession-for/#30924d503dcc

Bigger cities https://www.forbes.com/best-places-for-business/list/#tab:overall

Smaller cities https://www.forbes.com/best-places-for-business/list/small/#tab:overall

Wells Fargo backs 8 green housing startups

https://www.inman.com/2019/11/13/wells-fargo-backs-8-green-housing-startups/

Weekly mortgage applications jump to highest level in over a month, as borrowers worry that lower rates may be over

https://www.cnbc.com/2019/11/13/weekly-mortgage-applications-jump-to-highest-level-in-over-a-month.html

Homeowners get the highest rates of return when selling in these 3 cities

https://www.cnbc.com/2019/11/06/homeowners-get-highest-rates-of-return-when-selling-in-these-3-cities.html

Your Questions: Send emails to questions@rogerblankenship.com

Lee, Forsyth, GA "I work on the south side of Atlanta, but live closer to the north side of Macon. I want to start buying rental properties. Should I go closer to home or closer to the big city with my investments?"
Rhonda, Boulder, CO "Ever since I started listening to you I've wanted to attend your FlipStarter event. It's just difficult for me to make it from Colorado to Atlanta. Do you plan to make it available as online training at any point?"
Julia, Madison, WI "I was looking for your facebook broadcast last Thursday - wanted to hear your thoughts on winter-time investing, but for some reason I couldn't find it. I'm interested to hear what you shared."
Wilson, Orlando, FL "I think it's impossible to find a 1% rental house here in Orlando. I want rental properties but don't want to lose money on them. I could head out of town a few minutes in almost any direction and find properties that fit your buying criteria. The thing is, I don't know whether I can keep them rented. Those areas aren't as popular as Orlando.

Comment Line calls and Questions

Call 404-369-1018, press 1 and leave your message!

Motivational Thoughts for the day

"Your problem isn't the problem. Your reaction is the problem." -Anonymous

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