Managing Life and Business with Goals, Milestones, and Steps

Published: March 25, 2018, 5:12 p.m.

b'FAR 114 Expected Air Date: 02/01/18

Opening:

Hello everyone. I am Roger Blankenship and I teach people how to make money in Real Estate. Have you laid out your goals for 2018 yet? January is over and if you haven\\u2019t, it\\u2019s time to get cracking. We are going to talk about goals in just a few minutes. First a little housekeeping. Flipping Atlanta, Feb 8, Mike Cherwenka.

Announcements:

News:

Emails:

Questions@flippingamericaradio.com Tell us where you\\u2019re from!
  • Diego, Dallas, TX, \\u201cThank you for sharing the buying formulas for rental properties. Please explain more about cash on cash return and capitalization rate. What\\u2019s the difference?\\u201d
  • Chip, Perry, GA, \\u201cI heard someone say that you should figure the cost of an apartment building based on the market cap rate. I didn\\u2019t really follow but didn\\u2019t want to admit that in the conversation. Please explain it to me.\\u201d
  • Esther, Milwaukee, WI \\u201cI went to a seminar where they were going to sell me turn-key rental properties and finance them to me at 12% for 15 years. The loan to value would be 60%. They assured me these were great below-market deals and I would make money. Can you tell me whether this is true?\\u201d
100k, 40k down payment. 1000/mon rent 12k year. 8400 NOI. PI $720. Payments 8640. Taxes and Insurance already considered in NOI. It SEEMS you have $280/mon cash flow, but in reality you lose about $20 per month. Cap rate: 8.4%. ConC return, -.002%
  • Warren, Harrisburg, PA \\u201cDo you ever make exceptions to your \\u2018all in for 70%\\u2019 rule? If so, when?
Sub to, other creative deal structure, high end, 100% OPM,
  • Dan, Birmingham, AL \\u201cI looked into buying foreclosures here at the courthouse auction and learned that there is a one year right of redemption for the properties. I\\u2019m told this is why very few Alabama properties are sold at these auctions. Someone told me they heard you had an idea on this. Care to share?\\u201d

Topics:

  • Goals, Milestones, Steps
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