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_outline“Most people don’t recognize opportunity because it often comes disguised as hard work.”
“Opportunity paged me, beeped me, linked me, emailed me, faxed me and spammed me, but I was expecting it to knock.”
How to contact us
www.RogerBlankenship.com. Leave a voicemail right from the home page!
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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 possibilities .
- “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.
Questions:
Send your questions to [email protected]
- Neil, Atlanta, GA “when a wholesaler sends you a tri-plex with fix n rent turn to 4 plex for all in for 230k plus 97k for rehab 4K rents, is this a deal? or turn in to a single family for $117 k rehab for 415k ARV would this be a deal?
- Vicky, Florence, SC “Should we hold off buying flips right now? What will the selling environment be like under lockdown?”
- Jim, Flint, MI “Our Governor just extended our state of emergency. My tenants are calling to say they don’t have to pay any rent for the next few months and there’s nothing I can do about it. What would you suggest I say?”
- Caroline, Muncie, IN “I’m following your inexpensive house idea and have a buyer who is wiring me the down payment. Unfortunately they missed the cutoff yesterday (this was a Friday) and I won’t receive the money until Monday. They have provided the receipt for the wire from their bank and it looks legit. Would you let them move in? They want to move this weekend.
- Sanders, Toronto, “What are the tax implications for me if I buy properties in Detroit?”
- Reggie, Lakeland, FL “I saw you on Facebook the other day. Interesting stuff. You were talking about income streams. How do you create multiple income streams all from real estate?”
- Gemma, Madison, WI, “What are some things I should or should not say to a realtor when first getting into the business?”
- Francis, Jacksonville, FL “Would you put a new roof on a house when the current one looks a little shabby but doesn’t leak and has 10 years left on it’s rating? It’s asphalt shingles. The bad appearance is caused by tree sap, so I’ve been told. Could we just power wash it instead?”