Podcasts Business Flipping America Returns

Returns

Published: Sept. 18, 2018, 8:42 p.m.

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FAR 183 Return

Expected Air Date: 9/6/18

Opening

Today we are going to talk about Returns. I\\u2019m not talking about tax returns - perhaps that\\u2019s another show. I\\u2019m talking about the Returns you receive. Yes I\\u2019ll discuss Return on Investment, but there\\u2019s also Return on Cash, Return on Equity Return on Assets. But there are other Returns in life beside the financial. There\\u2019s a Return on Effort, a Return on Deeds, a Return on Principles. Some of these things are difficult to precisely quantify, but we are going to do our best to provide food for your thinking. And I\\u2019m going to recommend you think through your investing decisions and using the ideas I\\u2019m sharing today, nearly every decision you make in your business is a type of investment and it will bring a \\u201creturn.\\u201d There is a law of sowing and reaping discussed in the Bible. Some of us spend our youth sowing wild oats and then spend our adulthood praying for crop failure. Similar to this idea is the idea of Karma. We all have a few people that we would really like to say, \\u201csee that light ahead? That\\u2019s not the end of the tunnel, it\\u2019s the headlight of the Karma train about to visit you up close and personal.\\u201d From the computer business we get the old phrase GIGO - Garbage In Garbage Out. A computer can do amazing things amazingly fast, but the results are only as good as the programming that goes into it. All of these are just different ways of saying you get out of your investments, your job, your relationships, your church, your hobbies, your LIFE -- what you put into them. And this is generally true. So we are going to think about this, try to quantify some of it, and perhaps most importantly, try to help you understand how to respond and what to invest when you are on the wrong end of injustice. Because you know, sometimes life hands you a basket full of difficulties before you\\u2019ve ever had a chance to make mistakes. Occasionally we begin with an uphill struggle. It\\u2019s easy to think this is unfortunate, but for many, this challenging situation was the crucible in which their character, dedication, and determination were forged. And we MUST deal with the question of how to respond to a wrong when all we have done is sow good seed. We\\u2019ve invested kindness and it what we got in return was lies, cruelty, and heartache. I\\u2019m going to do my best to answer those questions in a few minutes when we talk about Returns. How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it\\u2019s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question.

Announcements:

  • September 12, Chantelle Owens at Flipping Atlanta, Tax Liens
  • Lunch with me every Wednesday.
  • 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.
  • Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm. \\xa0

News!

Topic: Returns

Financial Returns
  • Return on Investment
  • Return on Cash (annualize these)
  • Return on Equity
  • Return on Assets
Non Financial Returns
  • Return on Effort
  • Return on Deeds
  • Return on Principles

Emails:

Questions@flippingamericaradio.com Tell us where you\\u2019re from!
  • Buster, Colorado Springs, CO \\u201cI\\u2019ve bought a ski resort cabin with my self-directed IRA. What is the limit on how much time I can use it each year?\\u201d
  • Andi, Long Beach, CA \\u201cI\\u2019m looking at a flip here in Long Beach. The house is a run down 1800 sf 3/1 that I can buy for 600k. I put 70k into it and can sell it for 800. But when I calculate the interest for a loan to do this, it almost seems not worth doing. I have to put $100,000 into it and in the end I\\u2019ll net about 30k. Am I looking at this wrong? Is there something else I should be doing with the money?\\u201d
  • Caroline, Birmingham, AL \\u201cI just heard about your Menternship and read about it on your website. Am I too late to join?\\u201d
  • Albert, Harrisburg, PA, \\u201cHow do you handle buying deals from HUD, Banks, or wholesalers that do not allow a due diligence period?\\u201d

Motivational Thoughts for the day

  • Optimism is the faith that leads to achievement. Nothing can be done without hope and confidence. Helen Keller
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