Podcasts Business Flipping America Show 178 - Questions and News

Show 178 - Questions and News

Published: Sept. 7, 2018, 3:11 a.m.

b'FAR 176 Expected Air Date: 8/11/18

Opening

We are going to take some time today to open the mail and answer a lot of your questions. Thanks for writing in and keep the questions coming. As always we answer every question that comes in and some of them we set aside to answer on the show. 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:

  • Lunch with me every Wednesday.
  • Thursday August 9th, speaking at Flipping Atlanta \\u201cInvesting in Real Estate with Your Self-Directed IRA\\u201d
  • Tuesday August 14th, speaking at Catalyst, \\u201cContractor Impossible\\u201d
  • 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!

Emails:

Questions@flippingamericaradio.com Tell us where you\\u2019re from!

  • Ellen, Villages of Ocala, FL, \\u201cWe are trying to maximize the returns on our self-directed IRA. We started a little late in the game and don\\u2019t really have enough money in there to buy and flip a house. Any suggestions?\\u201d
  • Karenza, Long Beach, CA \\u201cI want to dive into buying rental properties here in southern california. My question is, am I too late?\\u201d
  • Britney, Penn Hills, PA \\u201cMy husband and I are finishing up our first flip -- so exciting! We are having a discussion about interior paint colors. Our property is in an area that has a lot of investor activity with trendy styles and colors. I want a bold color scheme, but my husband wants builder\\u2019s beige. Can you settle the debate?\\u201d
  • Wally from Aurora, CO \\u201cI want to invest in the marijuana industry. What are your thoughts?\\u201d
  • Allie, Milwaukee, WI \\u201cI\\u2019m looking at an older home - about 50 years old. In the basement, the wall is cracked and bulging out just a little. The bulge is about 5 feet off the floor, and it\\u2019s no more than 2\\u201d out of plumb with the wall, but the entire wall is slightly displaced. I looked for cracks in the walls upstairs and didn\\u2019t see any. The seller told me they completely remodeled the house 10 years ago and tore out the plaster walls and put in new drywall. This could be a nice profitable project but how concerned should I be?
  • Frankie, Manchester Maine, \\u201cYou seem to buy just about anything. What are things you DON\\u2019T or WON\\u2019T do?\\u201d
  • Suzanne, Tampa FL \\u201cHow do you do your show three times a week, post on social media like nobody\\u2019s business, teach house flipping, make videos AND run your business? I\\u2019m not trying to challenge you. I really want to know how you do it?

Motivational Thoughts for the day

  • \\u201cDreams will get you nowhere, a good kick in the pants will take you a long way\\u2026\\u201d Baltasar Gracian
'