Flipping America 294, Stop Being Poor, Part One

Published: Oct. 15, 2019, 4 p.m.

I did a show last year that was a bit controversial but not nearly as much as I had anticipated. In fact the overwhelming response was more than 98% positive so ultimately I decided to turn that show into an e-Book. The topic is poverty and the title is Stop Being Poor: Yes, it IS a Decision. This book will hit the presses around the first of December and will be available for pre-order in a few weeks. Today I\u2019m going to read some of it to you. That\u2019s coming up in just a few minutes.\xa0

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Topic: Stop Being Poor

News:

U.S. Home Flipping Returns Drop to Nearly Eight-Year Low in Q2 2019 https://www.attomdata.com/news/market-trends/flipping/attom-data-solutions-q2-2019-u-s-home-flipping-report/

Independence Delay: Americans Are Living on Their Own Later And Less Often

We tend to believe that whatever is happening in the adult world when we enter adult consciousness is the norm. Until the 1950\u2019s there had rarely been enough money anywhere for 20 and 30 somethings to live comfortably alone. Aging parents always stayed with the adult kids. \u201cLive long enough to be a burden to your children.\u201d Our current affordability challenges have some people rooming together, old people moving in with grown kids - in other words looking like the entire history of humanity until fifty years ago.\xa0

https://www.forbes.com/sites/taramastroeni/2019/09/25/independence-delay-americans-are-living-on-their-own-later-and-less-often/#36eecabb5c9b

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The Metric You Can't Afford To Ignore When Analyzing A Flip

https://www.forbes.com/sites/forbesrealestatecouncil/2019/09/24/the-metric-you-cant-afford-to-ignore-when-analyzing-a-flip/#1e04cfb16c1b But why is there a defined limit on rehab capacity considering rehab loans include repairs? Lipstick rehabs are bought at the steps.\xa0

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Treasury Plans To Restrict Multifamily Lending In Areas With Rent Control NationalAffordable Housing\xa0

https://www.bisnow.com/national/news/affordable-housing/treasury-blocks-fannie-mae-freddie-mac-lending-rent-control-areas-100842 Trump against \u201cblue\u201d states? Nope - Not using tax dollars to bail out problems created by irresponsible local governments.\xa0

Your Questions: Send emails to questions@rogerblankenship.com
  • Cassandra, Tampa, FL \u201cI am brand new to all of this. I know I want to do something in real estate but not sure what or how to proceed. Any help you can give is appreciated.\u201d
  • Jonathan, Jacksonville, FL \u201cThere are hundreds of investors here. Seems like I\u2019ll never find a deal that a dozen other people aren\u2019t already bidding on. I get discouraged, thinking I\u2019m never going to get going.\u201d
  • Derwin, Lancaster, PA \u201cThe hard money lenders I\u2019ve spoken with require experience. How does an inexperienced person ever get a loan?\u201d
  • Renaldo, Austin, TX \u201cI heard your answer on a previous show about flipping a farm. That was cool. I\u2019m thinking about buying a small chicken processing plant and flipping that to one of the larger companies. Help me think about how to proceed.\u201d
  • Tom, Charlotte, NC \u201cKudos on the farm flipping question. How about a golf course? A bank here has one for sale.\u201d
Comment Line calls and Questions

Call 404-369-1018, press 1 and leave your message!\xa0

Motivational Thoughts for the day

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  • \u201cBelieve in yourself! Have faith in your abilities! Without a humble but reasonable confidence in your own powers you cannot be successful or happy.\u201d \u2014Norman Vincent Peale

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