Flipping America 344, Buying Apartments, with Rod Khlief
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I have previously predicted the top three real estate investing trends for 2020 and I\\u2019m going to repeat them in a moment. The growth is going to be interrupted by the current corona virus crisis, which is, as I speak shutting down entertainment, business, airlines, travel, and entire industries. We are sensitive those directly impacted by the illness from the virus but at the risk of appearing insensitive it seems to be an unnecessary panic. In 2009, the H1N1 virus infected 59 million people in the US, 265,000 were hospitalized and 12,000 people died. My son was in the 8th grade at the time and tested positive for the virus. He missed a couple of days of school, but his symptoms were flu-like.\\xa0
The medical impact of the corona virus is a tiny fraction of the swine flu, and unless there is something about this that no one is telling the public, the state of alarm seems to be disproportionate to the actual impact. One thing that is for sure impacted is the economy. It\\u2019s being hammered right now and billions are being lost. The financial fallout is affecting people from all walks of life and could lead us to the 2020 recession we thought we had avoided.
It may be summer time before things get back to normal, but when they do, the three trending strategies will come back to the forefront. And here they are: Apartments, Short-Term Rentals, and Self-Storage. These areas are hot right now because they cash flow well and the competition is less stiff than in the single family market.\\xa0
In a few moments I\\u2019m going to be joined by Rod Khlief, one of the multi-family masters. He is going to share his amazing story with us. Listen up, if you\\u2019ve ever had a setback or a full-on business failure, you need to hear Rod\\u2019s story. He lost it all, and climbed back. His energy is infectious and his insight is inspiring. He will be with us in just a few moments.\\xa0
How to contact us
www.RogerBlankenship.com. Leave a voicemail right from the home page!
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Sponsors
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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
- The Corona Virus hits the Housing Market: https://www.realtor.com/news/real-estate-news/home-selling-in-the-age-of-coronavirus-its-a-whole-different-world/
- They predicted a housing recession in 2020, but due to rising interest rates. The corona virus wasn\\u2019t a factor. https://www.investopedia.com/investing/next-housing-recession-2020-predicts-zillow/
Topic: Why You Lost Money On Your Last Flip
Your Questions: Send emails to questions@rogerblankenship.com
- Sandra, Indianapolis, IN, \\u201cWhen is the best time to buy a house?
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- Money saved for down payment
- Credit score is high - best interest rate
- Market has a three months supply of homes (or more)
- After the first two conditions are met for sure, then when you find the right place at the right price.\\xa0
- Warren, Meridian MS, \\u201cwhat is the website for running comps through PropStream?\\u201d
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- FlippingAmericaComps.com
- Sally, Villages of Ocala, FL, \\u201cFlipping America seems to have so many different websites. Can you tell me the differences and what each one offers?
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- RogerBlankenship.com
- FlippingAmericaNetwork.com
- FlippingAmerica.net
- FlippingAmericaREIA.com
- FlippingAmericaComps.com
- FlipCalcs.com
- Eduardo, Tampa, FL, \\u201cIn light of the corona virus, I\\u2019m thinking of not buying any flips for a few months, but it\\u2019s my primary source of income. How are you proceeding with your business?\\u201d