Podcasts Business Flipping America Flipping America 245, Information Overload

Flipping America 245, Information Overload

Published: May 10, 2019, 10:27 p.m.

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Expected Air Date: 5/11/19

Opening:

Zillow is changing direction and it could be HUGE. Plus the President has ordered a restructuring of Fannie Mae and Freddie Mac and renewed a huge debate. Do we need them? Can private companies fill the gap? What would mortgage lending look like without them? All that and MUCH more today as we do the news!

How to contact us

www.RogerBlankenship.com

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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\\u2019t mind.

Announcements:

  • Lunch with me every Wednesday. Baraonda
  • My latest article in Forbes is out. bit.ly/findredeals.
  • The FAN is here!
  • Hey would you buy me lunch just so you could pick my brain? 32 cents per day. For less than the price of that lunch, just $9.67 per month, you can have a whole month\\u2019s worth of my brain pickings by joining the Premium membership. Just go to flippingamericanetwork.com and click on the FAN. On this show I keep a pretty narrow focus on real estate and small business development. But if you subscribe to my FAN premium blog you\\u2019ll find out what I think about a wide variety of topics. I will do my best to give you a $10 or $100 idea with every post and I WILL be talking about real estate, but I\\u2019m going to weigh in on some other topics as well. Which topics? Whatever interests me. And I have a wide range of interests.
  • Would you like to invest in the Flipping America projects across the country? Coming soon you will be able to for as little as $100. That\\u2019s right, Flipping America is partnering with Ground Floor Funding to create a crowd-funded platform where you can invest in the deals we are doing here. The fund will pay out a 8% preferred rate of return and can go as high as 16%. You can make money with me, 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\\u2019s 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. \\xa0

News:

This is going to be huge. Buy 500 per month and provide lending on 3000 of them. https://www.housingwire.com/articles/48908-zillow-going-all-in-on-mortgage-lending

Great idea, but it has to get past the House of Representatives, so it won\\u2019t.

https://www.housingwire.com/articles/48980-republicans-move-to-abolish-cfpb?utm_campaign=Newsletter%20-%20HousingWire%20Breaking%20Alerts&utm_source=hs_email&utm_medium=email&utm_content=72440255&_hsenc=p2ANqtz--jekYL1bC-R3R0g_U350k9-yGQOv3mBcMeZgTG9T0TNOl1cVzQyJ__0U5x9D7wt6u2-jJJZLzTRqk2sofo8VGl7qPLO-uHVexKbSNwqkRswIKzg0s&_hsmi=72440255 Republicans move to abolish the Consumer Financial Protection Bureau.

To read the full text of the bill click here: https://www.housingwire.com/ext/resources/files/Editorial/Documents/20190506_Repeal-CFPB-Act-as-Introduced.pdf

Who will win the iBuyer race? https://www.attomdata.com/news/market-trends/the-ever-expanding-ibuyer-footprint/

What do you want to buy? Distressed properties. Here\\u2019s where you\\u2019re most like to find them: https://www.attomdata.com/news/market-trends/top-markets-with-highest-share-of-distressed-sales-in-q1-2019/

We are restructuring Fannie and Freddie. What\\u2019s your take?

https://www.realtor.com/news/real-estate-news/fannie-and-freddies-uncertain-future-explained/

https://www.realtor.com/news/real-estate-news/fannie-and-freddies-uncertain-future-explained/

What is the best DAY to sell your home?

https://www.attomdata.com/news/market-trends/top-10-best-days-of-the-year-to-sell-a-home/

Where are homeowners selling for maximum gain on their purchase price?

https://www.attomdata.com/news/market-trends/figuresfriday/top-markets-with-greatest-seller-gains/

https://www.housingwire.com/articles/48925-hot-or-not-may-whats-trending-in-housing-right-now

Your Questions: Send emails to questions@rogerblankenship.com

  • Tressa, PIttsburg, PA \\u201cI have a flip property on the market. We kinda ran out of money and some ot the finishes in the project just don\\u2019t look that great. And people are noticing. We are getting lookers but no offers. The feedback is about the finishes. Altogether it would take about $10,000 to make everything beautiful, but I don\\u2019t have it. In the meantime, I\\u2019m running out of money to make the hard money loan payments. I\\u2019ve dropped the price to 580, which would mean I break even. What would you recommend?\\u201d
  • Maxie, Port St. Lucie, FL, \\u201cI love your Property Grade app. What was the thinking behind it?\\u201d
  • Anthony, Alexandria, VA, \\u201cJust came across your show. Really cool. Do you ever buy properties in other cities? I want rentals, but everything is too expensive here. What should I look for?\\u201d

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