Flipping America 349, Next Steps for Real Estate Investing During a Pandemic, Pt 1
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It\\u2019s hard to find an opportunity to talk about anything OTHER than the pandemic right now. This week we begin mentally taking control of our destinies by making a conscious choice to move forward while taking every precaution recommended by local state and federal authorities. We will make progress mentally, virtually, and this will translate soon to real life.\\xa0
Thursday night we did a second call in our series on real estate investing during a pandemic. Our guest panel was Jeff Holst, Darlene Coquerel, and Michael Green, three prolific investors and mentors with a high volume of flips and rental properties between them. We discussed a number of questions facing landlords and house flippers and dug in to find ways we can continue to make a living in real estate during these challenging times.\\xa0
How to contact us
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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
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Real Estate Investing QuickStart
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\\xa0 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.
Panel: Jeff Holst, Darlene Coquerel, Michael Green
Your Questions: Send emails to questions@rogerblankenship.com
- Wanda, Villages of Ocala, FL \\u201cOur rentals have been doing very well but we are concerned that during the pandemic our income may completely dry up. How are you handling this in your business? What can we do?\\u201d
- Martin, Alexandria, VA, \\u201cOur fixing and flipping business has been running on all cylinders this year and we really haven\\u2019t seen any slowing yet, but I\\u2019m growing concerned about the short-term future. I have six properties with hard money loans right now and if I can\\u2019t get the work done on them, I\\u2019ll be out of business. I\\u2019d appreciate your thoughts.\\u201d
- Fabriana, PIttsburg, PA \\u201cI\\u2019m struggling to get crews to show up and city inspectors to come to the job site. Everyone is overwhelmed, but so am I. If I can\\u2019t finish my two properties I will lose everything.\\u201d
- Carissa, Milwaukee, WI \\u201cI\\u2019ve been on the phone with my tenants and although I have a friendly relationship with all of them, a couple of them have said some pretty rough things to me. Accusing me of greed, exploitation, one even called me a corrupt b---. I don\\u2019t want to get into arguments with them - that seems pointless, but I also don\\u2019t want to just take it. How do you handle this?\\u201d