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By far the top topic of the questions we receive are about contracting and contractors. Today we are going to sort that out.\xa0

Van Sturgeon is an experienced entrepreneur who has successfully created several businesses in the real estate industry, that cover areas of land acquisition, development, construction and renovation. Van personally owns over 1,000 properties across North America, and is semi-retired from the day to day operations of his businesses.\xa0

Van is passionate in helping homeowners and real estate investors overcome their fears of house renovations, and loves to be actively involved in helping people reach their goals.

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Announcements:

• The Buyers Club is open for new members for a limited time. I have a new video on our YouTube channel about the Buyers Club. As long as that video is up, we are accepting new members. When we reach capacity we will take it back down. Just go to YouTube and search Flipping America. You will see we are posting content that is both useful and a little bit fun. While you are there please subscribe and hit the notification bell so you will know whenever we upload new content.\xa0
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• If you listen to this show regularly you - like me - will have seen this coming. https://www.realtor.com/news/trends/apartment-rents-increase-as-young-workers-head-back-to-cities/
• The eviction moratorium is over. https://www.realtor.com/news/trends/eviction-bans-expiration-leaves-renters-in-south-appearing-most-vulnerable/
• Or in other words - you don\u2019t want to own rental properties in these ten states. https://www.cnbc.com/2021/08/02/some-states-will-continue-to-ban-evictions-.html
• The ten most affordable lake communities in the US. Yep - we bring you all sorts of useful information.\xa0 https://www.realtor.com/news/trends/great-lake-towns-affordable-2021-edition/
• Yep - we found a castle for $100k. https://www.realtor.com/news/trends/gothic-castle-new-york-most-popular/

Questions from Listeners:

• From our own Flipping America team: I got someone on the phone who had inherited his mom\u2019s house. She has a reverse mortgage with a $103,000 balance on it. The house is worth about $125,000. Are there any creative structures we can use to take this property?\xa0

I haven\u2019t really wanted to weigh in on the minimum wage debate. I remember the exact same arguments over the past 35 years -- people can\u2019t support a family on minimum wage. The comeback is, \u201cof course not, minimum wage jobs are not designed for heads of household.\u201d The cruel fact is, the minimum wage doesn\u2019t matter and it never has. I remember discussing this with a mentor of mine when the argument was about raising the minimum wage to $7.50/hr. I asked him his thoughts. He replied, \u201cthat\u2019s fine if you don\u2019t mind paying $3.00 for a loaf of bread.\u201d This is the most succinct description of the consequences of minimum wage hikes I\u2019ve ever heard. It perfectly encapsulates the reality that if we raise required minimum wages, business owners will be forced to raise prices. Once the prices are raised, the net effect, in terms of buying power, will be zero.\xa0

Here\u2019s another tough love fact for you today. You are never going to become wealthy by demanding more money from your employer.\xa0 Everyone listening to me has a chance to become wealthy, but you will only do so by making yourself more valuable. If you make yourself a valuable commodity, I PROMISE you someone will notice. Good help is hard to find, GREAT ASSETS are like treasured jewels. Get knowledge, gain skills, grow in wisdom, and opportunities will find their way to you.\xa0

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