Podcasts Business Flipping America Interview with Ramon Tookes

Interview with Ramon Tookes

Published: March 11, 2018, 9:28 a.m.

FAR 128 Expected Air Date: 03/10/18 Opening: Hello everyone. I am Roger Blankenship and I teach people how to make money in Real Estate. We bring you news, trends, markets, and we feature people who are getting it done in this industry. This show was recorded on Thursday night in front of a live audience at our local meetup group, Flipping Atlanta! In just a few moments I\u2019m going to interview Ramon Tookes, the legendary investor and the driving force behind the Flipology series of real estate training. If you\u2019re listening to this on Saturday, you\u2019re missing Flipology in Atlanta this weekend, but that\u2019s ok. It\u2019s coming up again in Houston, TX \xa0April 21-22. We\u2019re going to tell you in a moment how you can sign up for that. How to Reach us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements:

  • My upcoming speaking engagements:
    • March 14, Atlanta REIA South
    • April 5, Chattanooga REIA
    • April 7, FlipStarter, Chattanooga
    • April 9, Savannah REIA
    • April 14, FlipStarter Savannah
    • April 21, FlipStarter Atlanta
  • Details on the website and at FlipStarterEvent.com
News: Special Guest
  • Ramon Tookes
Emails: Questions@flippingamericaradio.com Tell us where you\u2019re from! \xa0
  • Ellen, Milwaukee, WI. \u201cMy husband and I just sold our home to downsize and we are trying to figure out what to do with the money -- over $200,000. He\u2019s semi-retired, bored, and handy. We\u2019ve thought about flipping some houses. What advice would you give us?\u201d
  • Kandra, Las Vegas, NV \u201cI recently attended a seminar here put on by [a TV personality]. I felt like it was just a sales pitch for a $20,000 course. But I was here for a course and really didn\u2019t learn anything. I\u2019m concerned that if I paid the $20,000 I might not learn anything there either. And I don\u2019t have $20,000 anyway. So I didn\u2019t do it. But I\u2019m back to square one. I really want to learn this business! I don\u2019t have any money and my credit has a few dings. Is there any hope for me?\u201d
  • D\u2019Wayne, Louisville, KY \u201cHow do you decide whether you are going to fix and property and flip it, fix it and keep it, or just wholesale it? I figure there must be a way to figure out the best thing to do with a property. I have a deal under contract for 72,000. It needs updating and paint and carpet. I think I\u2019ll get $150,000 for it if I flip it. Or I could rent it out for $900 per month. But another investor just offered me $10,000 for my contract. What would you do?
  • Roberto, Long Beach, CA \u201cWhat do you think the long term consequences for real estate will be in those areas hit by hurricanes. And do you think we will have a similar impact here in California because of all the wildfires?\u201d
  • James, Lancaster, PA \u201cI\u2019ve been researching various REITs and crowdfunding platforms. REITs seem like less involvement from me, which I prefer, but the returns I\u2019m seeing are at best around 6%. With crowdfunding I can get closer to 10% on my money but I have to be a bit more involved. While I\u2019m thinking about it, do you have other options you would recommend?\u201d