Podcasts Business Flipping America Flipping America 308, Your Questions

Flipping America 308, Your Questions

Published: Dec. 9, 2019, 5 p.m.

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It\\u2019s Q&A time again! We are going to devote a good bit of today\\u2019s show to answering your questions. If you have a question about real estate or real estate investing, we promise we will either answer it or if we don\\u2019t know, we will get an answer for you. You have a lot of options when it comes to asking a question. Most of you email to questions@rogerblankenship.com. Occasionally people will leave a question at our national comment line, 404-369-1018. Now you can leave a voicemail for me at my website, rogerblankenship.com. And you can always send us a question through social media. I don\\u2019t tend to see those right away, but whenever we get a question about real estate we answer it. We are not going to do your homework or your research for you, but we will go off of the numbers you provide and tell you whether we would do the deal. So sure, we will tell you whether it sounds like a deal will work. But there are always other types of questions as well, as you\\u2019re about to hear. So don\\u2019t be shy -- reach out with your question.\\xa0

Start your new year off with a Boost and a Bang in your real estate career. FlipStarter Atlanta is January 11-12th. Tickets will go on sale next week and we will have some type of early bird pricing I\\u2019m sure.\\xa0

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.\\xa0

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.\\xa0

Sponsors

American IRA: www.americanIRA.com

Civic Financial: bit.ly/CivicFunding

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 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.\\xa0
  • 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\\xa0

News:

https://magazine.realtor/daily-news/2019/11/07/ftc-cracks-down-on-real-estate-seminar-scams

  • Airbnb Vows to Verify All Listings Posted at Its Site

https://magazine.realtor/daily-news/2019/11/07/airbnb-vows-to-verify-all-listings-posted-at-its-site\\xa0

Your Questions: Send emails to questions@rogerblankenship.com

  • Hank, Portland, OR, \\u201cGlad I found your show. I\\u2019ve enjoyed listening. I\\u2019m sure you\\u2019ve heard this a million times, but I would like to know you opinion on the best way to get started in this business.
  • Becca, Milwaukee, WI \\u201cI\\u2019m looking at a deal that just by the numbers looks like a good deal. But when I look at the house it just doesn\\u2019t feel right. My boyfriend tells me I should trust the numbers but my realtor kind of agrees with me - it just an ugly house situation on a weird lot. Am I missing an opportunity if I say no to this?
  • Sandy, Chattanooga TN, \\u201cI have an opportunity to buy a rental house in a gentrifying neighborhood just south of downtown. Although it\\u2019s improving, the schools there are are still terrible and crime is high. The house would yield 2% per month in rents. But I\\u2019m hesitant. Can you help me think about this?\\u201d
  • Roy, Baltimore, MD, \\u201cMy partner and I have been offered six row houses - the entire block for $5,000. They are all vacant and need a lot of work, and I know there are a lot of vacant homes around. But if we controlled the entire block, it seems like we shouldn\\u2019t pass it up. Our plan would be to fix them and rent them out until the neighborhood comes back, then sell. Your thoughts?\\u201d
  • Gary, Harrisburg, PA, \\u201cI was driving to Philly the other day and was surfing radio stations until I came across your show. Interesting stuff. I\\u2019ve been thinking about buying some rentals for side income. Can you give me some pointers on how to find something good in Harrisburg?
  • Jackie, Villages of Ocala, \\u201cMy husband and I own 25 rental properties back in Michigan where we are from. We are thinking of selling them and using the money to buy similar inventory here in Florida. There\\u2019s no income tax here and we think we would do better. But although we live here now, we are new here and not that familiar with property in Florida. It\\u2019s hard to give up something that works for something that might work a little better. We\\u2019d like you to weigh in.\\u201d
  • Lupe, Boulder, CO, \\u201cI heard you mention that you love working with Realtors. Please explain why. It seems like they get paid a lot for doing nothing. I mean, it\\u2019s not that hard to list a property.\\u201d
  • Bernita, Macon, GA, \\u201cIs there any way to tell whether or not you need a new roof without getting up on it? I don\\u2019t want to climb on a roof.\\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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  • \\u201cThe definition of \\u2018luck\\u2019 is when preparation meets opportunity.\\u201d --Anonymous

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