Flipping America 420, The "Quit-Your-Job Roadmap"
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One of the most frequent questions coming to us is some variation of this: \\u201chow can I quit my job and start a career in real estate investing?\\u201d Today I\\u2019m going to answer that question and lay out for you a plan to make it happen.\\xa0
In a recent workforce survey a majority of participants indicated they would be interested in not just a job change but a career change. Millions have watched the house flipping TV shows and thousands have caught the house-flipping fever. There is nothing wrong with this. There is usually nothing wrong with being your own boss, and there are fewer more satisfying career goals than setting your own hours, coming and going as you please, taking all the vacations you want and loving life like never before. It\\u2019s a dream, yes, but it\\u2019s not out of reach. I encourage you to consider a thoughtful course and today I\\u2019m going to show you how to get there.\\xa0
A career in real estate is not for everyone. There are a good number of people in our audience who love their job or love a steady paycheck and want to keep working while they invest in real estate. Our next episode is for you. Kim Kesterke will be with us describing the W2 Landlord. She will share her process for identifying properties, resources, and screening tenants. She self-manages a portfolio of properties across the country while maintaining her full-time job.\\xa0
How to contact us
www.RogerBlankenship.com. Leave a voicemail right from the home page!
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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
American IRA: www.americanIRA.com
The Flipping America Buyers Club bit.ly/flippingamericabuyersclub
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:
- Riggies, San Francisco, CA \\u201cDo you have turn-key properties for Buyers Club members?\\u201d
- Nick, Memphis, TN \\u201cDo you provide any training for Buyers Club members?\\u201d
- Karen, Louisville, KY \\u201cMy contractor hasn\\u2019t been to the job site in 3 weeks. I gave him $13,000 up front as he demanded, but all he\\u2019s done is the demo work and some tile work in the bathroom. What would you do in this situation?\\u201d
- Michael, Atlanta, \\u201cIf I buy a house subject-to, is it ok if I sell it using a lease purchase?\\u201d
- Kendeesia, New Orleans, LA, \\u201cCan you explain the 1% rule for rental properties? I\\u2019m interested in knowing how that became the rule.\\u201d
News
- This is actually a sign of a very strong economic rebound. https://www.housingwire.com/articles/for-the-first-time-since-april-forbearances-fall-below-3-million/?utm_campaign=Newsletter%20-%20Daily%20Download&utm_medium=email&_hsmi=97088488&_hsenc=p2ANqtz-_dbA-DWE0zhKXPoAzxoXj7cyZs4axOsTjg8xzQ75jjsDUkRCIeTqTzihbOrDDgLKB1_WKbu0mY_4rZt32laxJ-UqCFKY2A9tO_jOtwfzHOIYG8m_w&utm_content=97088488&utm_source=hs_email
- I missed this prediction - the news is better than I thought. And WAY better than most predicted. I predicted we would land around 2.8% YoY increase by Dec. Many projected loss in value. We are still at 5.9% through August. \\xa0 https://www.corelogic.com/insights/home-price-index.aspx?WT.mc_id=crlg_201005_LeGen
- We had the delinquency spike in June. Now we are watching for the foreclosure bump - around January. https://www.corelogic.com/insights/loan-performance-insights-report.aspx?WT.mc_id=crlg_200908_06lvL
Motivational Quote:
\\u201cThe most common way people give up their power is by thinking they don\'t have any.\\u201d \\u2014 Alice Walker.
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