Nov 22, 2021
Sometimes we just have to get back to the basics. Flipping Houses. It’s how I got started. It might be a good place for you to start as well.
How to contact us
www.RogerBlankenship.com. Leave a voicemail right from the home page!
Facebook.com/flippingamericamedia
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Announcements:
- FlipStarter November 2021 is sold out. But we’ve already scheduled it again for January.
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- Learn how to Find, Fund, Fix and Flip houses
- Four weeks of video instruction (2 hour sessions)
- Four weeks of group coaching
- You’ll get my book, “Fantastic Deals and Where to Find Them”, the exact procedure I used to get 10,000 deals per week in my inbox.
- You’ll get my book, “How to Put Skin in the Game When You Are Running Out of Skin”, my little book on how to do deals - even big rehabs - with none of your own money.
- You’ll get my book, “Stop Being Poor” which describes the poverty mindset and suggests a way out.
- Includes online courses, ($800 value)
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- REI QuickStart - 15 lessons to have you making offers in 2 weeks.
- REI By the Numbers - All of the formulas I use for deal analysis, project tracking, and ROI calculations.
- Find Your Fit in REI
- Create the Life of Your Dreams
- Purchase and Sale Agreements for your offers
- Contractor Docs, my package of eleven documents that describe policy and procedures for working with contractors, including the actual Construction Agreement I use. I paid a lawyer thousands to create this bullet-proof agreement and I’ll include it.
- How to manage the rehab process
- How to make $5000 in the next 30 days
- “Double Your Investment” guarantee. Although it’s a 30 day program, you stay on the coaching calls until you have at least doubled your investment in this training.
- Money back guarantee. If at any time you believe this isn’t the thing for you, notify us and you can drop out and get a refund for remaining sessions
- Your investment: $997.67. Or pay three installments of $350.
- Early Bird Discount: Register before December 1st and save $200.
- 100,000 people want this - we only have 100 seats.
News and Resources:
Mindset Moment:
Questions from Listeners:
- Ken, Murfreesboro, TN, “My tenant shorted the rent this month, claiming they had to fix a water leak under the sink. Said he did it himself, but that saved me about $200, so he took $200 out of the rent. I think he can’t do this, but what do I do?”
- Alexandra, Fresno, CA “It’s often a challenge to remove a tenant here in California. Where are some places that are more landlord friendly?”
- Eric, Portland, OR “Hey I just caught your show on iHeart radio and watched some of your videos on YouTube. Thanks for all the information. I’m about to buy my first place and I’m thinking I might buy a duplex, live in one side and rent out the other. Do you think this will work?”
- Robert, Tampa, FL “In your opinion what is the most reliable way to establish the fair market rent of a property? I’m not a realtor, don’t have access to the MLS, and hate to bug my realtor friends about it all the time.”
- Ellen, Milwaukee, WI. “My husband and I just sold our home to downsize and we are trying to figure out what to do with the money -- over $200,000. He’s semi-retired, bored, and handy. We’ve thought about flipping some houses. What advice would you give us?”
- Kandra, Las Vegas, NV “I recently attended a seminar here put on by [a TV personality]. I felt like it was just a sales pitch for a $20,000 course. But I was here for a course and really didn’t learn anything. I’m concerned that if I paid the $20,000 I might not learn anything there either. And I don’t have $20,000 anyway. So I didn’t do it. But I’m back to square one. I really want to learn this business! I don’t have any money and my credit has a few dings. Is there any hope for me?”
- D’Wayne, Louisville, KY “How do you decide whether you are going to fix and property and flip it, fix it and keep it, or just wholesale it? I figure there must be a way to figure out the best thing to do with a property. I have a deal under contract for 72,000. It needs updating and paint and carpet. I think I’ll get $150,000 for it if I flip it. Or I could rent it out for $900 per month. But another investor just offered me $10,000 for my contract. What would you do?
- Roberto, Long Beach, CA “What do you think the long term consequences for real estate will be in those areas hit by hurricanes. And do you think we will have a similar impact here in California because of all the wildfires?”
- James, Lancaster, PA “I’ve been researching various REITs and crowdfunding platforms. REITs seem like less involvement from me, which I prefer, but the returns I’m seeing are at best around 6%. With crowdfunding I can get closer to 10% on my money but I have to be a bit more involved. While I’m thinking about it, do you have other options you would recommend?”
Quote of the Day
“Every person who invests in well-selected real estate in a growing section of a prosperous community adopts the surest and safest method of becoming independent, for real estate is the basis of wealth.” - Theodore Roosevelt, U.S. president