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Learn how to make money in real estate. We cover news, trends, styles, markets, demographics, and technology that affect real estate investing. We also talk to market leaders and trend setters. Lastly, there's a bit of how-to information on nearly every show, with topics, Q&A from listeners, and presentations from our guests. Learn how to make and grow a fortune in your spare time or as a new career.

Aug 31, 2020

Today we conclude the fascinating conversation with Paul Rosanno on the topic of Rentals by the numbers. I’m going to back up the call just a bit so you might have a context for the conversation. When we left off I had just asked Paul what he is buying these days. But I want to start the conversation with his explanation for how he quantifies risk. Then we will continue on. Plus we have some headlines for you and questions FROM you. All this coming up!

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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: 

Topic: Rental Investing by the Numbers with Paul Rossano

Questions: 

  • Robert, Dallas TX, “How do you use lien waivers?”
  • Joanna, Houston, TX “You mentioned on a recent call that you have a set of contractor documents. How can I get them?”
  • Phil, Augusta, GA “Do you know where I can find a list of all repairs on a house that require either a permit and/or and inspection?  I want to buy an unoccupied house to repair and flip, but don't know what exactly requires a permit and inspection.
  • Patrick, Houston, TX “Hi Roger, do you have a recording of this zoom? I joined late due to having difficulties in finding the site. I will be grateful if you can send me a recording of this.
  • Michelle, Alexandria, VA “I had no idea there was a radio show like this. I only heard it long enough to get your email address and a few other things before I drove out of range. But thank you thank you! Is there a podcast version of it?”
  • Brittany, Colorado Springs, CO “I bet you get asked this a lot, but can you tell me how I can get started? What should I be doing? I don’t really have any money, but I’m super motivated and know people with money.

Motivational Thoughts for the day

"If you set your goals ridiculously high and it's a failure, you will fail above everyone else's success." -James Cameron