Flipping America 343, Beautiful Rooming with Mentor Sharoney
b'
There really is nothing new under the sun. Even today\\u2019s freshest sounding ideas only sound that way because it has been awhile since they were popular. This is true in real estate investing. Someone starts doing Technique A which generates massive profits. They tell their friends, then teach a course on it and pretty soon EVERYBODY is doing Technique A. Then someone rediscovers Technique Q, which is an old idea but no one is doing it any longer and there is an opportunity to make good margins. The process repeats.\\xa0
This is true of the strategy we are going to start calling \\u201cHappy Rooming\\u201d at least until we come up with something better. For the consumer, you pack up your clothes and move into a house. You get a furnished room, common areas, shared driveway for your car. It comes with some rules of course, to protect everyone living there, but you have the convenience of not having to purchase furniture or absorb the cost of renting or buying space you don\\u2019t use.\\xa0
Our guest today is Mentor Sharoney and she has brought this technique back to the Atlanta market. She\\u2019s brought it up-to-date and added some extra touches that create happy living spaces for her tenants and strong cash flow in her properties. She will be along in a few moments.\\xa0\\xa0\\xa0
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) \\xa0 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
FlipCalcs\\xa0\\xa0\\xa0
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.\\xa0\\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.
- FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities.\\xa0
- \\u201cReal Estate Investing Quick Start\\u201d 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:\\xa0
- CoreLogic reports that home values gained 4.0% in 2019. Projecting 5.4% this year. (we are at 4.5). CT was the only state with decline. Idaho lead the way with 10.5% growth. Eight straight years of gains. https://www.corelogic.com/insights/home-price-index.aspx?WT.mc_id=crlg_200303_TnzF6
- A super simple spreadsheet solution that allows you to see the impact of annual appreciation on the value of a property (or anything that appreciates consistently and predictably). https://docs.google.com/spreadsheets/d/1Z4A66KOANQO45Jn8YTpV55rEqNQ-u0N51B2ZfqW2sI8/edit#gid=0
- Foreclosures are at a 15 year low. https://www.attomdata.com/news/market-trends/foreclosures/attom-data-solutions-2019-year-end-u-s-foreclosure-market-report/?utm_source=newsletter&utm_medium=email&utm_campaign=SEO-News+Updates
- Delinquencies are at the lowest rate since 2000. https://www.corelogic.com/insights/loan-performance-insights-report.aspx?WT.mc_id=crlg_200310_PEpCh
- Remember Wells Fargo and the fake accounts? 5000 employees, over 1 mil fake accounts. Now Fifth Third Bank has joined the party, according to the CFPB. https://www.housingwire.com/articles/fifth-third-bank-accused-of-opening-fake-accounts-in-customers-names/?utm_campaign=Newsletter%20-%20HousingWire%20Daily&utm_source=hs_email&utm_medium=email&utm_content=84493004&_hsenc=p2ANqtz-_Xs-flc5GsRRvV8MWsyPE6YgQa6AiXD4kFBqqJqxjyhoKmwbNNi0zy97SiFJHb8pvg7v4ki-pIw3PJSdvaccsL0I85RzTkQIWcC2BpyLzvibjR02c&_hsmi=84493004
Topic: Beautiful Rooming, with Mentor Sharoney
Your Questions: Send emails to questions@rogerblankenship.com
- Ron, Lexington, KY, \\u201cI have an AirBnB in Daytona which is doing well. I\\u2019m considering buying more, but I\\u2019m hearing that communities are banning them. What\\u2019s the latest?
- Angela, Anniston, AL, \\u201cI just flipped a house in Jacksonville, AL and made enough money to make a down-payment on two rental houses. This is fantastic! I want to do this full time but I\\u2019m pretty sure there aren\\u2019t enough deals around here. If you were in my shoes would you head toward Atlanta or Birmingham?\\u201d
- Marcus, Harrisburg, PA, \\u201cThanks for the show and all you are doing. I\\u2019m interested in leading a local chapter of the Flipping America REIA. What do I need to do?\\u201d
- Joel, Atlanta, GA \\u201cYou are seller-financing those cheap houses around the country. I want to buy one and turn it into a rental. Can you tell me how what I need to do to get one?\\u201d