Flipping America 339 Long-Distance Relationships CAN Work!
Release Date: 03/26/2020
Flipping America 626, Note Investing, with Fred Moskowitz
Flipping America
What if you could invest in real estate without actually owning the properties? And what if you could scale up a business and never deal with repairs, tenants, property managers or contractors? That’s coming up on Flipping America. We are talking today about Note Investing and Fred Moscowitz will be joining us in a few minutes. He is an educator and best selling author who has trained countless investors from all walks of life on how to create passive income streams of their own. As a fund manager, Fred manages a mortgage note investment fund and is considered an industry veteran within the...
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Flipping America 625, Creative Deal Structures with Wendy Patton
Flipping America
If you want to make money on a flip, you must buy at a discount. Many sellers can’t afford or don’t want to accept a low cash offer for their home. When you understand the possibilities with creative deal structures, you’ll be able to present multiple options to sellers and greatly increase your chances of getting a deal done. Wendy Patton is joining us today. At the age of 21, Wendy started investing in real estate. Like most young adults she was single, broke, thinking “Corporate America” was her only future. She graduated from college, was hired for that corporate America “dream...
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Flipping America 624, Become a Real Estate Developer, with Darcy Marler
Flipping America
The next time you are taking a drive through the countryside, look out at a piece of land and imagine it becoming a place where people live, work, or play, or perhaps all of those. How does that land get transformed into housing, shopping, restaurants, or businesses? A real estate developer did that. I’m about to introduce you to one. Darcy Marler has been a full-time real estate investor for over 23 years. In that time, he has invested in every major residential Real Estate investing strategy – Small, Medium, and Large Land Development projects. He was even instrumental in getting a Horse...
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Flipping America 623. The NAR Lawsuit Settlement
Flipping America
Imagine your boss coming to you for a performance review. She says, “good job, you’re doing well. I appreciate your hard work. Now I need you to get out there and keep on doing it. And oh by the way, we are cutting your pay by 50%.” Question: When do you start looking for anther job? Tomorrow? Or immediately? America’s real estate agents woke up Friday morning to news that hit them like that. On Friday March 15, 2024 we learned the National Association of Realtors had settled several lawsuits for $418 million. In just a minute I’m going to tell you what it all means to you, both as a...
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Flipping America 622, How to Rehab a House
Flipping America
If you invest in real estate, or even if you own your own home long enough, sooner or later you’re going to need to do a property rehab. Today I’m going to tell you what you need to know about this vital piece of your investing practice. We get a lot of questions here and we answer them all - if you ever have a question about real estate or real estate investing, send it to questions at Flipping America dot net. We promise an answer, usually within 24 hours. And we save some of the questions to use in the show. Today we’ve gathered up some of your questions about the home...
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Flipping America 621, Commercial Loans, with Ira Zlotowitz
Flipping America
He wants to change the world. And he’s changing the commercial lending world for sure. Amazing online tools and the lowest fees in the industry. That’s coming right up. Ira Zlotowitz is the founder of a company called Gparency. The GP stands for General Partner and the “parency” is an allusion to transparency.
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Flipping America 620, Invest in Industrial with Jonathan Hayek
Flipping America
Have you ever driven through a business park with street after street of rather non-descript buildings holding all sorts of businesses and wondered, “who owns this real estate?” Today you’re going to meet the man who does. Well - he doesn’t own them all, but he makes his living owning some of them. The cool thing is - you could be doing this too. Today we will talk about how. While working as a public school teacher, Jonathan began investing in real estate with only a few dollars. Through grit and creative strategies, he flipped single family homes to build a portfolio of small...
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Flipping America 619, Slow Flips with Scott Jelinek
Flipping America
In the end it’s all about cash flow. Flipping is a business that requires your time and presence. Landlording comes with its own set of challenges. How about something that provides cash flow from real estate, but is truly mailbox money? Since 2019 I have been buying super inexpensive houses that need a little work and selling them as-is with seller financing. I’m talking about buying for around $10,000 and selling for $40,000. This model was the rationale for forming the Flipping America Buyers Club. By 2022, with no bank foreclosures for 2 years due to the pandemic, inventory was running...
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Flipping America 618, Fund Your Deal with Ruben Izgelov
Flipping America
You’ve found a deal - now you just need the money. Relax. I’m going to help you with that. Ruben Izgelov went to law school, passed the bar, and a few weeks later realized that wasn’t what he really wanted to do. Out of his passion for real estate and finance, he founded of We Lend LLC. In just a few minutes we are going to talk about how he can help you get your deal funded.
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Flipping America 617 100% Flip Funding
Flipping America
I did my first 500 flips without using a penny of my own money. Today our guest is offering to do the same for you. From day one in my real estate career, I had someone else putting up the capital while I did all the work. We split the profit 50/50. This worked great for both sides and the method still works today. It requires the right kind of match because you will be partners in the project, but this one factor could help many of you jump start your career. Adam Zach is joining us in a few moments to talk about how he wants to help you fund your next fix and flip.
info_outlineYou want to reap the benefits of investing in real estate without all -- or without any -- of the work. This show is for you. There are several ways you can do this, but one of them is to purchase a Turn-Key Rental and that’s what we are talking about today. In a few moments I’ll be joined by Antoine Martel who started right out of college investing in rental properties - NOT in California where he lives, but in Memphis and Cleveland. How does it do it? Stay tuned and you’ll find out.
How to contact us
www.RogerBlankenship.com. Leave a voicemail right from the home page!
Facebook.com/flippingamericamedia
Twitter and Instagram @FlippingAmerica
Call our National Comment Line: 877-55-ROGER (76437) ext 1. Leave your message or your question.
Email your questions to [email protected]. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don’t mind.
Sponsors
American IRA: www.americanIRA.com
Civic Financial: bit.ly/CivicFunding
Real Estate Investing QuickStart
Announcements:
- The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.com.
- 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’s 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.
- FlipCalcs allows you to enter one data set about a property and consider up to six deal ppossibilities.
- “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart.
News:
- Are you stocked up? The best time of the year is just a couple of months away. https://www.housingwire.com/articles/the-best-time-to-sell-a-house-is-quickly-approaching/
- Good tips on Turn-Key Rentals. https://money.usnews.com/investing/real-estate-investments/articles/things-to-know-about-turnkey-real-estate-investments-for-retirement
- Questions you should ask yourself when considering your real estate investing options. https://www.fool.com/millionacres/real-estate-investing/articles/best-place-invest-real-estate/
- Of all the things you could name your new real estate company, let’s go for something that screams “unprofessional.” https://www.housingwire.com/articles/real-estate-and-mortgage-startup-homie-raises-23-million/
Guest: Antoine Martel
- Martelturnkey,.com
- Flipping America 313, Best Places for Rentals
Your Questions: Send emails to [email protected]
- Amanda, Memphis, TN “Would you say that real estate investing is better than the stock market? I kinda think you would, but I want to hear it from you.”
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- It depends. An experienced stock investor / day trader might achieve the same returns as an experienced real estate investor. In that case, I say “do what you know and enjoy.” If you are inexperienced in both and relying on the returns from an indexed stock fund compared to standard real estate appreciation, the stock market is going to appear to perform better every time. The secrets in real estate however involve the gains that can be realized through leverage, depreciation, and growth in equity over time.
- Juan, Houston, TX “I have a good job I want to keep, and I want to invest in real estate but don’t make enough extra money to enable that. What would you do?”
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- What I would do when I were younger would NOT have been what I would recommend now. That’s because I wasn’t as smart then as I am now. What I would do NOW is adjust my lifestyle. You really only have two options. You have to either take on a side hustle to earn money to invest in real estate, or your have to decrease your living expenses to save money. Your side hustle could be real estate wholesaling or deal structuring, but there is no avoiding the time needed for this. Those are your options.
- Millie, Pontiac, MI “Ten years ago my husband got transferred. We rented out our house in Columbus, OH and it’s been a continual problem. We’ve tried a couple of property management companies and it really isn’t any better. We want to get rid of it and it looks like we are no longer upside down on it, but we hate to dump it and not make any money. It needs a few minor repairs and a major update. Tell us what we need to be thinking about in order to make this decision.”
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- You are correct if you do not think about this as your home. You don’t live there. This is an investment property and should be treated that way. As such it has a fixed daily cost. You need to know this number so you can feel the pain of it sitting there empty. One small difference is if you have a loan on it, you are probably paying down the balance a little each month, which is better than the interest-only loans used by house flippers.
- When thinking about repairs, I always first fix everything that is broken and then I evaluate all of the “nice-to-have” items in the rehab. The first thing I want to know is what the financial return will be for each expense. If I spend 15,000 in the kitchen, will I be able to sell the house for $30,000 more? I rank the rehab priorities according to the financial return.
- Then I rank them according to my opinion about how much more quickly they will help me sell the house. This is a bit of guesswork and the realtor can help. If I spend $3000 for no increased price but the house will sell 60 days sooner, I will spend the money. It’s still the smart play. Every rehab decision runs through this grid and we acknowledge there is some guesswork involved but it’s better than not thinking it through at all.
- Carson, Brookfield, WI “Do you ever get those really cheap houses here in Wisconsin?”
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- Yes! Recently in Milwaukee and currently in Catawba!
- Kyle, Atlanta, GA “What are the criteria you use for the inexpensive houses you buy around the country?”