Podcasts Business Flipping America The Secret to Flipping Houses in Your Spare Time

The Secret to Flipping Houses in Your Spare Time

Published: May 6, 2018, 7:39 p.m.

b'FAR 074 Expected Air Date: 10/12/17

Topics:

Mark your calendar now and plan to attend \\u201cFlipStarter\\u201d is coming October 20 and 21. . Join my special guests:
  • EJ Lashlee, author of the True Trust Book, The Protection Book, and founder of True Trust Services. \\xa0He will be speaking about asset protection through Private Asset Trusts.
  • Jennifer Hammond, Host of The Jennifer Hammond show on Sirius/XM Radio The Urban View. Nationally acclaimed realtor and investor extraordinaire.
  • Jay Conner. America\\u2019s private money authority
  • Bruce Mack. Founder of Platinum Finance
  • Pat Dornan, developer of the \\u201cUltimate Rehab Estimator\\u201d and author of \\u201cExpect the Unexpected.\\u201d
  • Roger Herring, Founder of Investors Accounting.
  • Karen Anderson, Direct Marketing and List Consultant
  • Mike Ventry, Advanta IRA, How to use your self-directed IRA to create potentially tax-free income.
  • And of course, me, the Flipping America guy, Roger Blankenship. I\\u2019ve made my career in real estate investing by doing it rather than talking about it. I\\u2019ve flipped hundreds of houses and I\\u2019m going to show you how to do it. I have a few techniques no one else uses or teaches, but I\\u2019m going to share them with you. Why?
Because we are going to tell you how to get started Flipping Houses and building wealth. It\\u2019s not just owning a business, it\\u2019s owning a wealth generation machine that will not only provide for you, but be a blessing to your children and grandchildren. And that\\u2019s not all, when you purchase your ticket for only $97 for this two day event, my good friend Jay Conner is going to invite you to HIS event in October at no additional charge. That\\u2019s right, two multi-day real estate training events for one low price. Sign up now at FlipStarterEvent.com. The FIRST 20 people who sign up for FlipStarter can save 20% off the admission cost by using the coupon code HOT20. I flipped 75 houses before I finally decided to go to a seminar about flipping houses. I wanted to improve my techniques. Over the years I\\u2019ve attended many training events and I can confidently tell you that FlipStarter is unlike any real estate investor training out there. See for yourself at FlipStarterEvent.com.

Trends:

Questions@flippingamericaradio.com Tell us where you\\u2019re from! 5 Bathroom trends to avoid! And we are not just talking about laying off the late night pizza...

News:

  • 73, 77, 45. Harvey, Irma, Marie
  • $175B, $200B, $75B
  • Cali wildfires: Could be up to 65B. 21 already dead. 11,000 homes at significant risk, 9.1 million homes at some level of risk.

Emails:

Questions@flippingamericaradio.com Tell us where you\\u2019re from!
  • Lorraine from Traverse City, MI \\u201cYou\\u2019re talking a lot about fix and flips this month and I understand - what with your event coming up. But what about those of us who want to buy rental properties. Will you be doing programs about that?
  • David from Columbus OH, \\u201cI\\u2019m retired - don\\u2019t want to flip houses, but I love your show. I want to be a private funder for your or some of your students. How would I get started?\\u201d
  • Andy from Tryon, NC \\u201cI have a business currently, but would be interested in flipping houses as a side hustle. Is that possible and how should I go about it?\\u201d
  • Keith, Powder Springs, GA \\u201cI have $50,000 to invest. Not enough to buy a house, but enough to do something, right? What are my options?\\u201d
  • Frankie from Jonesboro, GA \\u201cI went to a 3 day event from ________ _______ and got some good information. It was $197 and I was impressed. I wanted to sign up for their main course until I found out it was close to $35,000. I\\u2019m not doing that. Where I live I can buy houses for $35,000. I think I\\u2019d rather buy a house than pay that much to learn how to buy houses. So anyway - tell us plainly - are you going to upsell us to a $35,000 course too?\\u201d
    • In a word, no, but let\\u2019s think about it...
    • If you could make 35k per month after paying that, what would the deal look like then? Compare to a franchise\\u2026 $500k to make $50k per year?? How about switching that around? But I\\u2019m not going to try to sell you something for $500k.
    • I left 200k on the table, so my education might have cost me that. I\\u2019m not charging that. I\\u2019m not charging $50,000.
    • The real problem is a course doesn\\u2019t really teach you how to do this. You need a coach -- a mentor. The Flipping America Mentoring Program.
    • Our program begins with a surprisingly small commitment, with an agreement that your coach is going to get paid a little bit when you make money. Your first four deals for sure. More if you need it.

Topics:

The Secret to Flipping Houses in your Spare Time. Systems Persistence Consistency Discipline Discernment What you need to know to flip: So what do you need to know to really fix and flip houses?
  • How to find deals
    • 10 sources
      • Foreclosure auction an entirely different set of risks and knowledge base.
    • Deal Marketing
      • Direct mail
      • Landing page
      • Answering the phone
      • Screening calls
      • Making offers
  • How to know if it IS a deal
    • Diff between profit margin and profit
    • Diff between gross profit and net
    • Calculating profit
    • Estimating repairs
    • Determining ARV
  • How to buy it.
    • Negotiating
      • Creating solutions
      • Maximizing profits
    • Structure
      • Purchase
        • Cash
        • Equity Partner?
        • Hard Money
        • Private money
      • Owner Finance
      • Installment contract
      • Lease Option
      • Lease Purchase
      • Subject-To
      • Wrap around
    • Financing
  • How to flip it
    • Wholesale?
      • Assignable contract
      • Double closings
    • Fix it
      • Structural knowledge
        • The parts of a structure
        • Recognizing what needs to be repaired or replaced
        • Design decisions
          • Choosing colors
          • Styles
          • Accessories
      • Contractor vetting and approval
        • Where to find em
        • How to check them out
        • How to interview them
      • Contract law and development
      • Contractor Supervision
      • Payment process
        • Draw schedules
        • Lien waivers
    • Sell it
      • Marketing approach
      • Using a realtor
        • How to find
        • How to vet
        • How to interview
        • Whom to hire
        • Manage the relationship
      • Listing and pricing strategies
        • Gathering feedback
        • Managing objections
        • Price reduction strategy
        • Negotiating with buyers
        • Negotiating AFTER its under contract
    • Running Your Business
      • Setting up properly
      • Keeping proper records
      • Creating business systems
      • Tax strategies and planning
      • Protecting your assets
      • Proper Insurance for all assets
    • Managing tenants
      • Know the laws
      • Prepare for court!
      • Handling service requests
      • Leases!
        • What goes in them
        • What can\\u2019t be in them
        • Who\\u2019s on the lease?
That\\u2019s the TIP. The iceberg is what is underneath all that. It\\u2019s a lot. But what do you get in return?
  • The real possibility of a six figure income in a couple of years.
  • The opportunity to build lasting wealth to pass on to your children and grandchildren
  • Freedom - work when you want, however long you want, quit when you want or when you can each day.
  • The opportunity to live life on your own terms. Don\\u2019t \\u201cmake a living.\\u201d LIVE. Do that \\u201chigher meaning\\u201d thing.
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