Podcasts Business Flipping America Tech for the RE Business

Tech for the RE Business

Published: Sept. 18, 2018, 7:05 p.m.

b'

FAR 179

Expected Air Date: 8/23/18

Opening

We\\u2019ve had great feedback from the home technology show with Don DeRosa. If you missed it you can still listen to it both on the Flipping America App, where it is show # 147 or watch the video of the interview on our YouTube Channel. But we continue to get questions about technology, not just the technology we put into our properties, but the technology we use to make our businesses run and work. A little later on, I\\u2019m going to answer that question for you and tell you about the technology solutions we use here in our business. And I\\u2019m going to answer a question we get quite often: \\u201cHow do you send out social media messages all day long? Do you have an employee that just sits there tweeting thing s out?\\u201d Fannie Mae and Freddie Mac are out with a new loan product this month which I believe will have a significant impact in 5 years and that impact won\\u2019t be a good thing. But take heart investors! With every dumb decision followed by inevitable loss and heartache, there is opportunity for someone. I\\u2019m going to break down the news, tell you what\\u2019s going to happen, and prepare you for the fallout. 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:

  • The Flipping America Mentoring Program, August 28-31, Sandy Springs, GA
    • Menternship Also.
      • Ten Deal Sources explored and explained.
      • Complete Deal Analysis.
      • Finding the re-sale value of any residential property in the U.S.
      • How to estimate repairs from your desktop.
      • How to finalize a repair estimate through a site visit.
      • Structuring your business for effectiveness and asset protection
      • How to set up a web site for your business.
      • Understanding the various ways to get your deal funded.
      • Learn creative deal structures.
      • The mini-course in negotiating
      • The full course in renovation.
        • How to find, vet, and hire contractors.
        • How to manage the process
        • How to solve the inevitable problems that arise.
      • Learn how you could get your deal 100% funded - not just your next one, but every deal you ever do from now on.
      • Get all the forms, the documents, the checklists, the procedures
      • Get the scripts for your conversations
        • Hiring questions for realtors and contractors
        • Answering the phone
        • Talking to sellers
          • Build rapport
          • Get key information
          • Learn motivation
      • The course comes with on-going weekly group coaching calls
      • You also get one-on-one guidance through your first four flips.
    • This is the three day dive into a year\\u2019s worth of training and guidance. But our commitment to you doesn\\u2019t end in one year. We are with you at LEAST through your first four flips and definitely until you have more than doubled your training investment.
    • What is the investment? What is reasonable? Let\\u2019s talk about $50,000.
    • The cost is $12,967, but if you use the coupon code \\u201cradio\\u201d your cost is $9,967.
    • Go to www.flippingamericanetwork.com/Mentoring and sign up today. We only take about 10 people per class and several have already signed up. There\\u2019s just a few seats left.
  • Lunch with me every Wednesday.
  • Monday the 27th of August, speaking at the West REIA, Cherokee Cattle Company, Marietta, GA
  • 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!

Comment Line calls and Questions

Call 404-369-1018, press 1 and leave your message!

Emails:

Questions@flippingamericaradio.com Tell us where you\\u2019re from!
  • Vincent, Macon, GA, \\u201cIt seems that all the great deals are in a bad part of town. Is that true everywhere? How do I make any money there?\\u201d
  • Elise, Port St. Lucie, FL, \\u201cI really liked the show you did on smart home technology. Can you talk a bit about the technology, programs, apps, and other solutions you use in your real estate business?\\u201d
  • Stephen, Boulder, CO, \\u201cCan you explain the difference between cap rate and cash on cash return? What should I be looking for when buying a single family rental?\\u201d
  • Sherry, Sebring, FL, \\u201cWhat are the key steps when buying a flip project in another town?\\u201d
  • Lynetta, Jackson, WY, \\u201cWe want to bounce back and forth between Jackson and Austin, TX, you know, avoiding the weather extremes but getting in some skiing when we want, etc. We are both in our mid 50\\u2019s and our question is should we buy something in both places or just do longer-term rentals? We could pay cash for both places, but can\\u2019t help but wonder if our cash is better off elsewhere.\\u201d

Motivational Thoughts for the day

  • "People often say that motivation doesn\'t last. Well, neither does bathing -- that\'s why we recommend it daily." -- Zig Ziglar
'