Flipping America 425, No Equity Investing Pt 1

Published: Oct. 24, 2020, 4 p.m.

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Today Bill and Dwan Twyford are going to conclude their very interesting and potentially profitable talk on No Equity Investing. Plus I have a good chance of getting caught up with questions from you. Coming up now on Flipping America.\\xa0

I realized about 5-6 years ago I was leaving money on the table by telling people there was nothing I could do. It took awhile to figure out a way to make money on a property with no real equity. And even though I eventually did, I didn\\u2019t have it down to an art like Bill and Dwan do. This is great stuff and there is a reason this call was one of the highest rated this year. Today we are going to hear the conclusion of the call they did with the Flipping America REIA a few weeks ago.\\xa0

And I finally have plenty of time for your questions. I think we have a shot to get completely caught up today. So now I need even more questions from you. Ask anything you want about real estate and I promise you an answer.\\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 (877-557-6437) \\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.

News

Questions

  • Ken, Santa Barbara, CA \\u201cI can\\u2019t get my head around buying rental property 2000 miles away. Is there anyway to invest in cash-flowing property here in southern California?\\u201d
  • Justin, Colorado Springs, CO \\u201cI\\u2019m about to put my first flip on the market. My question is, \\u2018do properties sell over the winter time? Would I be better off to wait until springtime to get more money?\\u2019\\u201d
  • Alexis, Rosemont, IL \\u201cI have money from lottery winnings and I don\\u2019t want to be stupid with it. You are one of several people I\\u2019m asking. What would you do with $1.2 million?\\u201d I haven\\u2019t told anyone I won and I\\u2019m keeping my day job. I\\u2019m 31 and I don\\u2019t want this to ruin my life.\\u201d P.S. I\\u2019m not really from Rosemont, but trying to remain anonymous.
  • Martin, Auburn, AL \\u201cI am trying to get started investing here - buying rental properties, but they are usually under contract the same day they are listed. I can\\u2019t seem to get out to the property fast enough. Any suggestions?\\u201d
  • Hamida, Atlanta, GA \\u201cI don\\u2019t want to do a large rehab, but all of the deals I see require substantial work. This might not be the thing for me.\\u201d
  • Gary, Indianapolis, IN \\u201cThere are plenty of low-priced projects here. But not big margins. I can usually put about 60-80k in a flip and maybe make 10-15k. I hear people from other places talking about 100k profits and it just seems like a different world. Is it all that common?
  • Chai, Philadelphia, PA, \\u201cI\\u2019m thinking about buying a flip in North Dakota, but it\\u2019s already cold there and I\\u2019m concerned about finishing it before it gets too cold. What do you know about flipping in winter there?\\u201d
  • Elliott, Raleigh Durham, NC, \\u201cIt seems like the market is hot all over the United States. How can this be in the midst of a pandemic? And are there any markets anywhere where things aren\\u2019t selling at all?\\u201d
  • Deborah, Clinton, IA \\u201cHow do you see the presidential election affecting real estate?\\u201d

Motivational Quote:

\\u201cDo something today that your future self will thank you for.\\u201d\\xa0

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