Flipping America 362, Opportunity Knocking Part Two

Published: May 6, 2020, 4 p.m.

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\\u201cMost people don\\u2019t recognize opportunity because it often comes disguised as hard work.\\u201d

\\u201cOpportunity paged me, beeped me, linked me, emailed me, faxed me and spammed me, but I was expecting it to knock.\\u201d\\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/CivicFinancial

FlipStarter Online! www.flipstarteronline.com

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.

Questions:

Send your questions to questions@rogerblankenship.com

  • Neil, Atlanta, GA \\u201cwhen a wholesaler sends you a tri-plex with fix n rent turn to 4 plex for all in for 230k plus 97k for rehab 4K rents, is this a deal?\\xa0 or turn in to a single family for $117 k rehab for 415k ARV would this be a deal?
  • Vicky, Florence, SC \\u201cShould we hold off buying flips right now? What will the selling environment be like under lockdown?\\u201d
  • Jim, Flint, MI \\u201cOur Governor just extended our state of emergency. My tenants are calling to say they don\\u2019t have to pay any rent for the next few months and there\\u2019s nothing I can do about it. What would you suggest I say?\\u201d
  • Caroline, Muncie, IN \\u201cI\\u2019m following your inexpensive house idea and have a buyer who is wiring me the down payment. Unfortunately they missed the cutoff yesterday (this was a Friday) and I won\\u2019t receive the money until Monday. They have provided the receipt for the wire from their bank and it looks legit. Would you let them move in? They want to move this weekend.\\xa0
  • Sanders, Toronto, \\u201cWhat are the tax implications for me if I buy properties in Detroit?\\u201d
  • Reggie, Lakeland, FL \\u201cI saw you on Facebook the other day. Interesting stuff. You were talking about income streams. How do you create multiple income streams all from real estate?\\u201d
  • Gemma, Madison, WI, \\u201cWhat are some things I should or should not say to a realtor when first getting into the business?\\u201d
  • Francis, Jacksonville, FL \\u201cWould you put a new roof on a house when the current one looks a little shabby but doesn\\u2019t leak and has 10 years left on it\\u2019s rating? It\\u2019s asphalt shingles. The bad appearance is caused by tree sap, so I\\u2019ve been told. Could we just power wash it instead?\\u201d\\xa0

Motivational Thoughts for the day

\\u201cI guess I just got lucky. I\\u2019m lucky my alarm clock goes off at 5 am so I can get to the gym, get a full workout and still be at the office before everyone else. I\\u2019m lucky my car can connect with the internet and play educational recordings during my commute. I\\u2019m lucky my office has electricity so I can turn on the lights and stay late. I\\u2019m lucky that I\\u2019m not interested in TV but would rather enrich my life through reading and research. I\\u2019m lucky that I learned to push on even when life gets difficult or I just don\\u2019t feel like it on a given day. I\\u2019m just lucky like that.\\u201d

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