Jul 29, 2021
I buy and sell multiple houses every week. To date I’ve been personally involved in the selection, purchase and sale of nearly 2000 properties. I’ve used my own money maybe 20 times. You could say I know a thing or two about using other people’s money. And today I’m going to share my secrets with you.
Not only am I going to share with you how it works, I’m going to introduce you to a brand new resource at Flipping America that will help you put it all together.
You’ll understand the funding stack the big companies use to put together billion dollar deals and exactly how you can apply those principles to your own business. Get the rehab process right and you could be flipping multiple properties with none of your own money.
I won’t tell you it’s easy - because it’s not. But once you understand the process, and if you will apply yourself to gaining the skills you need to make it work, it will become second nature.
How to contact us
Follow Starr, @realestateislifeatlanta on Instagram and Facebook
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 (877-557-6437) ext 1. Leave your message or your question.
Email your questions to questions@flippingamerica.net. 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
Flipping America Funding : Get the money you need for your business, for your training, for infrastructure, and for your projects. Flipping America Funding is your one-stop shop for all of your business funding needs. FlippingAmericaFunding.com.
Legal Shield
Announcements:
- The Buyers Club is open for new members for a limited time. I have a new video on our YouTube channel about the Buyers Club. As long as that video is up, we are accepting new members. When we reach capacity we will take it back down. Just go to YouTube and search Flipping America. You will see we are posting content that is both useful and a little bit fun. While you are there please subscribe and hit the notification bell so you will know whenever we upload new content.
- I’ve received the same question at least half a dozen times this past week, “Roger how do you get everything done?” It’s no secret - I use my own planning system — the GMS Planner — that I developed over a period of years and have been publishing on Amazon since 2017. We’ve not pushed this product at all because — well — we are in the real estate business. But that’s about to change. I’ve just released a course in the Flipping America Academy called “Getting it Done: Creating the Life of Your Dreams”. This is a FREE course, even if you haven’t bought my Planner. Go to NEED LINK and learn more.
News and Resources:
- The top foreclosure cities in America - but still over 80% lower than pre-pandemic levels. https://www.attomdata.com/news/market-trends/figuresfriday/top-10-u-s-metros-with-highest-foreclosure-rates-in-q2-2021/
- This is a chart you want to study - the cities in America with the fastest times to flip. https://www.attomdata.com/news/market-trends/figuresfriday/top-10-u-s-housing-markets-with-fastest-times-to-flip/
- And just like I predicted back in January, the Zoom Boom will not last. https://www.wsj.com/articles/return-to-work-the-boss-wants-you-back-in-the-office-11627079616
- For Larue and Kenton. Thanks for your questions. Here’s a link to some tenant screening services: https://www.rentspree.com/best-tenant-screening-services-2020/
Mindset Moment:
Visualization is a tool we use to create businesses, golf shots, game strategies, relationship interactions and many more. If we can harness the power of visualization our lives will improve exponentially. Google visualization and you will get about 51,700,000 hits in mere seconds. There are a LOT of people talking about this and some great resources out there.
Visualization is a big part of what I teach my students in my coaching program as well. But here is what I want to add to the conversation today that doesn’t get said often enough: Visualize every day the life you want, but don’t spend so much time on it you become ungrateful.
Take some time also to be thankful for where you are right now, what you have, and the process that will get you where you want to be.
Questions from Listeners:
- Larue, Lancaster, PA, “How do you recommend screening your tenants?”
- Kenton, Pittsburgh, PA, “Is there a way I can do a credit check on a potential tenant? What I really want to know is whether they have been evicted.”
- Sherry, Las Vegas, NV “I think I heard you talking with someone on a prior show about making raw land cash flow. Can you review what you all discussed?”
- Adam, Louisville, KY, “When is Flipping America starting back in-person meetings. I’m in Flipping Louisville and we haven’t had one yet.”
- Peter, Villages of Ocala, FL, “My wife and I want to allocate around $250-300k in income producing properties. Can you review some options and make a recommendation?”
Motivational Quote:
“You are more productive by doing fifteen minutes of visualization than from sixteen hours of hard labor.” Abraham Hicks