Show 96 Real Estate News and Questions

Apr 1, 2018

FAR 096 Expected Air Date: 12/11/17

Announcements:

• NEW NEW! Call in to our comments line! 404-369-1018, extension 1. Leave your message.  
• [e-mail] Tell us where you’re from!
• Like us on Facebook. www.facebook.com/flippingamericamedia
• Check in with us every Tuesday for “Tuesdays at Two”
• Follow us on Twitter @FlippingAmerica
• IF WE READ YOUR QUESTION ON THE AIR, WE WILL SEND YOU A TICKET TO OUR NEXT FLIPSTARTER EVENT. THAT’S A $97 VALUE!

News:

• The Hottest and Coldest markets?? http://www.builderonline.com/money/profits/the-hottest-and-coldest-markets-for-real-estate-investment_o
• https://economictimes.indiatimes.com/wealth/real-estate/10-rules-of-commercial-real-estate-investing/articleshow/61995537.cms
• https://www.inman.com/2017/12/07/5-factors-influencing-new-york-citys-real-estate-market/
• https://qz.com/1151221/offshore-shell-companies-own-86000-british-properties-and-the-government-hasnt-published-a-register/
• https://www.forbes.com/sites/forbesrealestatecouncil/2017/12/08/notable-real-estate-trends-to-watch-for-in-2018/#3ae586b61344
• https://www.nytimes.com/2017/12/05/business/economy/tax-bill-real-estate.html
• https://seekingalpha.com/article/4129717-tax-reform-can-stimulate-real-estate-market-stocks-stand-gain
• https://slate.com/business/2017/12/housing-markets-worst-hit-by-republican-tax-plan.html

Emails:

[e-mail] Tell us where you’re from!

• Tonia, Birmingham, AL “What does the one year right of redemption mean with foreclosures here?”
• Katie, Minneapolis, MN, “Do you shut down your sales in December? It seems a bit cold here for selling houses this time of year.”
• Darrel, Austin, TX, “Next year I want to scale up my business from 6 to 15 flips. What suggestions would you have for me?”
  • Hire out the lowest level stuff first.
  • Eventually hire out everything except for the stuff only you can do.
  • Focus!
    • Deal Flow
    • Cash Flow
    • Hire the best people with the best skill set. Hold out for the best.
  • Leave the details to your good team, but never lose focus.
• Andre, Portland, OR “I’m buying rental properties in the midwest. I hired the first property management company I spoke with and am not satisfied. How do you go about hiring remote management. My properties are all in Kansas City and St. Louis.”
• Alvin, Merced, CA “I have converted my 401K from my previous employer to a self-directed Roth IRA. Now I am looking to invest in someone’s deal. Should I invest in someone flipping or in a long-term buy and hold?”
• Douglas, Mt. Vernon, IL, “There isn’t much happening in my town in terms of real estate investing. In fact, I don’t know of anyone who does this as an actual job. What would you advise someone like me - interested but unsure of the possibilities?”
  • Look in the legal ads in the paper. Find out the Illinois foreclosure rules. Get down to the courthouse and see who is bidding and what they are bidding on. Make friends. Get a mentor. Talk to local realtors.
• David, Atlanta, GA “I want to invest passively and I wonder if I can just put up money for you and your team to do some deals?”