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_outlineThe Pandemic of 2020 rages on. And raging perhaps louder than the disease itself is the on-going debate about when and how the economy should open. Protesters are out in multiple metropolitan areas, jobless claims went up another 3 million last week - nearly 35 million now unemployed. Yet the Governor of California this morning announced that the state will remain locked down until there is a vaccine. How about that for a ransom note? Did you know that the vast majority of viruses in existence have no vaccine. A successful vaccine for any virus is the exception rather than the rule. They still don’t have a vaccine for HIV, the virus that causes AIDS. They don’t really have a vaccine for the flu. They give you a flu shot which is somewhat effective in protecting you from the flu that was prevalent last year in Asia. If it were an effective vaccine, you wouldn’t need another one every year. Yes I know it mutates, but that’s the problem. Virus vaccines are remarkably difficult. I’m not saying they won’t develop one for COVID-19, but I think it may not be wise to hold forty million people hostage until they do.
Those of us that look at the markets, attempting to read the signs, predict and prepare for the future have a difficult job right now as well. We have never seen anything like this. So what should we be doing with our real estate? It's a strange and unpredictable time in the market. Should we buy? Should we Sell? What should we buy? What should we sell? Perhaps we should sit tight? What are the experts saying? You can learn a lot by getting inside the mind of an experienced investor -- someone who has seen the market come and go and knows how to respond. Today we begin a two-part show with two prolific investors on a panel to talk about this. Gordon Catts has been an investor since 1970. He has seen just about everything there is to see in real estate and lived to tell the tale. He’s bought just about every type of asset imaginable and he’s working on a deal right now that will be amazing, but I’m under a non-disclosure agreement, so we will just have to tell you all about it when he wraps it up. It’s big. He is my friend, my mentor, and my go-to guy for perspective on real estate. Chris Larsen is a new friend, recently on this show and the author of the book, “Next-Level Income.” His grasp of analysis is keen and his attention to detail is rare. I read his book and was deeply impressed with his grasp of the small details and their impact on the big picture. They joined me recently for a panel discussion for the Flipping America REIA, a national REIA with a local focus. After launching in January we now have twelve local chapters, mostly across the southeast, but if you’re interested in leading one, let’s talk! Go to bit.ly/talktoroger to schedule an appointment.
How to contact us
www.RogerBlankenship.com. Leave a voicemail right from the home page!
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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
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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.
News:
- Wells Fargo and Chase have shut down HELOCs. https://www.housingwire.com/articles/wells-fargo-joins-chase-in-halting-helocs/?utm_medium=email&_hsmi=87301868&_hsenc=p2ANqtz-8ieyJjGGEgtd-kV-KpAGEzrABLcg5YNhA4QUqyFMATa5yWy_ctq2pkxUD4vqU_8EMvAW9-&utm_content=87301868&utm_source=hs_email
- Kylie Jenner pays $15M for an empty lot. https://www.realtor.com/news/celebrity-real-estate/kylie-jenner-pays-15m-for-empty-lot-hidden-hills/
- Redfin and Offerpad are back to ibuying and zillow will be soon. OpenDoor next week. https://www.housingwire.com/articles/redfinnow-resumes-ibuying-and-zillow-offers-isnt-far-behind/
- Speaking of Zillow, they have predicted a dip in home prices in 2020. I’m seeing it the other way. I think we will have a slight rise in prices - around 2% for 2020 as there is still a pent-up demand and a shortage of inventory.
- Evidence of pent-up demand: https://magazine.realtor/daily-news/2020/05/06/cooped-up-unhappy-young-professionals-target-new-homes
- Expect a surge in listings wherever pandemic restrictions are lifted. https://magazine.realtor/daily-news/2020/05/07/homeowners-are-preparing-to-list-after-the-pandemic
- The six BEST months to sell a home https://magazine.realtor/daily-news/2020/05/06/study-reveals-the-best-months-to-sell-a-home (hint: Feb-July, but not in that order)
Questions:
Send your questions to [email protected]
- Toya, Atlanta, GA “With a subject-to can you do what you want with the property sell, rent, etc.”
- Armond, Macon, GA “I’ve heard from some long-time brokers that most banks are wise to the veil of a land trust when doing sub-to, and it’s simpler to just disclose the transfer of ownership to the lender upfront when changing/starting the home insurance policy. What do you guys think?
- Anthony, Atlanta, GA “When someone is on a ~30 day foreclosure timeline and has a 2nd lien that you want to short, is it generally feasible to get the short sale done in that short time frame? Normal short sales take months usually if I’m not mistaken. .”
- Cameron, Pittsburgh, PA, “How are you showing your properties right now?”
- Faith, Tampa, FL, “We have a flip in a hot area where young adults buy. My husband and I have been arguing about the exterior. The house is a beige stucco. I wanted to paint it a playful Florida color, but he overruled me. Now he’s saying the front door is going to be black because it’s basic and neutral. I’m begging you to convince him to let me put a pop of color in there.”