Podcasts Business Flipping America How to Get Started

How to Get Started

Published: May 6, 2018, 6:35 p.m.

FAR 075 Expected Air Date: 10/14/17 Topics: Mark your calendar now and plan to attend \u201cFlipStarter\u201d is coming October 20 and 21. . Join my special guests:

  • EJ Lashlee, author of the True Trust Book, The Protection Book, and founder of True Trust Services. \xa0He will be speaking about asset protection through Private Asset Trusts.
  • Jennifer Hammond, Host of The Jennifer Hammond show on Sirius/XM Radio The Urban View. Nationally acclaimed realtor and investor extraordinaire.
  • Jay Conner. America\u2019s private money authority
  • Bruce Mack. Founder of Platinum Finance
  • Pat Dornan, developer of the \u201cUltimate Rehab Estimator\u201d and author of \u201cExpect the Unexpected.\u201d
  • Roger Herring, Founder of Investors Accounting.
  • Karen Anderson, Direct Marketing and List Consultant
  • Mike Ventry, Advanta IRA, How to use your self-directed IRA to create potentially tax-free income.
  • And of course, me, the Flipping America guy, Roger Blankenship. I\u2019ve made my career in real estate investing by doing it rather than talking about it. I\u2019ve flipped hundreds of houses and I\u2019m going to show you how to do it. I have a few techniques no one else uses or teaches, but I\u2019m going to share them with you. Why?
Because we are going to tell you how to get started Flipping Houses and building wealth. It\u2019s not just owning a business, it\u2019s owning a wealth generation machine that will not only provide for you, but be a blessing to your children and grandchildren. And that\u2019s not all, when you purchase your ticket for only $97 for this two day event, my good friend Jay Conner is going to invite you to HIS event in October at no additional charge. That\u2019s right, two multi-day real estate training events for one low price. Sign up now at FlipStarterEvent.com. The FIRST 20 people who sign up for FlipStarter can save 20% off the admission cost by using the coupon code HOT20. I flipped 75 houses before I finally decided to go to a seminar about flipping houses. I wanted to improve my techniques. Over the years I\u2019ve attended many training events and I can confidently tell you that FlipStarter is unlike any real estate investor training out there. See for yourself at FlipStarterEvent.com. Trends: Questions@flippingamericaradio.com Tell us where you\u2019re from! 5 Bathroom trends to avoid! And we are not just talking about laying off the late night pizza... News:
  • Looks like Nibiru won\u2019t hit us tomorrow. Although since it is supposedly invisible, wait until the Monday show to know for sure.
  • While we are talking about invisible planets, spend some time this weekend reading up on and searching for Planet Nine. Ten times larger than earth. It\u2019s existence explains a lot of weird stuff going on out there past Neptune, but so far no one has ever seen this planet.
  • Market update - interest rates. Mortgage risk index is down.
  • Artificial Intelligence and real estate. Home searches influenced by your online behavior.
  • Warehouse space is hot again! Thanks to e-commerce.
  • \u201cSurge\u201d in REIT shares - and the retail space is surprising. Yields still a bit less than 5%.
  • Detroit is #10 is the nation for market heat, but the scammer know this.
    • Sameer Beydoun - 24 months in federal pen for an elaborate real estate scam. British backers.
    • Irish lottery winner invested in 600 detroit homes in and lost them due to unpaid taxes.
    • Belgium investors were victims in a different scam.
    • Know the person, or
    • Know the property, or
    • Have the means and the discipline to verify everything.
Emails: Questions@flippingamericaradio.com Tell us where you\u2019re from!
  • Cheryl from Winston Salem, NC, \u201cI\u2019m so excited! I just got a house under contract! using your formula it looks like I\u2019ll make about 40,000. \xa0My brother-in-law is going to do the work in exchange for a share of the profit. There are several things I want to do to the house that he says are unnecessary, like granite countertops in the kitchen, and certain flooring choices. Our arguments about this are beginning to dampen my enthusiasm. Please help me decide!\u201d
  • Gary from Long Beach, CA. \u201cOk, so what\u2019s the first step I need to take in RE investing?\u201d
  • Sophia from Lancaster, PA. \u201cI really want to start flipping houses and I\u2019m ready to go, but I don\u2019t know the first step or steps. What are the first 2 or 3 things I need to do?
  • Justin, from Denver, CO \u201cI can\u2019t be at your event in October, but I NEED this. When will you be in Denver?\u201d
  • Charlotte, Tampa, and others\u2026 Keep listening -- we are working on a solution for you.
Topics: Where do I begin?
  • Line up the money
  • Find a deal
  • Get a mentor
What you need to know to flip: So what do you need to know to really fix and flip houses?
  • How to find deals
    • 10 sources
      • Foreclosure auction an entirely different set of risks and knowledge base.
    • Deal Marketing
      • Direct mail
      • Landing page
      • Answering the phone
      • Screening calls
      • Making offers
  • How to know if it IS a deal
    • Diff between profit margin and profit
    • Diff between gross profit and net
    • Calculating profit
    • Estimating repairs
    • Determining ARV
  • How to buy it.
    • Negotiating
      • Creating solutions
      • Maximizing profits
    • Structure
      • Purchase
        • Cash
        • Equity Partner?
        • Hard Money
        • Private money
      • Owner Finance
      • Installment contract
      • Lease Option
      • Lease Purchase
      • Subject-To
      • Wrap around
    • Financing
  • How to flip it
    • Wholesale?
      • Assignable contract
      • Double closings
    • Fix it
      • Structural knowledge
        • The parts of a structure
        • Recognizing what needs to be repaired or replaced
        • Design decisions
          • Choosing colors
          • Styles
          • Accessories
      • Contractor vetting and approval
        • Where to find em
        • How to check them out
        • How to interview them
      • Contract law and development
      • Contractor Supervision
      • Payment process
        • Draw schedules
        • Lien waivers
    • Sell it
      • Marketing approach
      • Using a realtor
        • How to find
        • How to vet
        • How to interview
        • Whom to hire
        • Manage the relationship
      • Listing and pricing strategies
        • Gathering feedback
        • Managing objections
        • Price reduction strategy
        • Negotiating with buyers
        • Negotiating AFTER its under contract
    • Running Your Business
      • Setting up properly
      • Keeping proper records
      • Creating business systems
      • Tax strategies and planning
      • Protecting your assets
      • Proper Insurance for all assets
    • Managing tenants
      • Know the laws
      • Prepare for court!
      • Handling service requests
      • Leases!
        • What goes in them
        • What can\u2019t be in them
        • Who\u2019s on the lease?
That\u2019s the TIP. The iceberg is what is underneath all that. It\u2019s a lot. But what do you get in return?
  • The real possibility of a six figure income in a couple of years.
  • The opportunity to build lasting wealth to pass on to your children and grandchildren
  • Freedom - work when you want, however long you want, quit when you want or when you can each day.
  • The opportunity to live life on your own terms. Don\u2019t \u201cmake a living.\u201d LIVE. Do that \u201chigher meaning\u201d thing.