Flipping America 523, In With The New

Dec 30, 2021

The Bad News is Time Flies. The good news is you’re the pilot. -Michael Altshuler Another Year has flown by. So how did you do? We will talk about what and how we did here at Flipping America and make some predictions for next year. 

What WE have done

How many properties? Bought and/or sold 123 properties

How many meetings? Did 45 live events

How many shows? 143 shows / podcasts

Sales numbers in $4.9M

What’s happened in the market

Values up 18% year over year. I predicted 9%

Interest rates held steady below 3% for a 30 yr fixed rate. I predicted this

Number of homes sold: 6.49M I predicted 5M

Effects of the pandemic none or negligible. I called this

How to contact us

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. 

Sponsors

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:

• FlipStarter November 2021 is sold out. But we’ve already scheduled it again for January. 
• • 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)
  • • 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: 

• Several members of the Fed believe interest rates will rise 3 times in 2020. https://www.cnbc.com/2021/12/15/the-majority-of-fed-members-forecast-three-interest-rate-hikes-in-2022-to-fight-inflation.html
• Is there a conflict of interest here? https://themortgagereports.com/86225/mortgage-rates-forecast-2022
• Inflation projections https://knoema.com/kyaewad/us-inflation-forecast-2021-2022-and-long-term-to-2030-data-and-charts
• More inflation projections https://blogs.lse.ac.uk/usappblog/2021/11/25/the-us-may-be-stuck-with-higher-inflation-in-2022-and-potentially-beyond/
• Real estate leaders and experts weigh in on 2022. https://www.forbes.com/sites/brendarichardson/2021/12/13/experts-predict-what-the-housing-market-will-look-like-in-2022/?sh=404ab0f93942

Mindset Moment: 

For 2022

• Interest Rates. Last year Roger predicted rates would remain at or below 3%. Correct!
• Inflation. Roger made no prediction - it had been several years since inflation had been a thing.
• Housing Market in general
• • How many homes will sell next year? Roger predicted 5M. It was over 6.
  • What percentage of those will be flipped? 5% (That’s too easy)
• The impact on real estate investors. What should we be doing? Where should we be looking?
• What's new for 2022  

Quote of the Day

We will open the book. Its pages are blank. We are going to put words on them ourselves. The book is called Opportunity and its first chapter is New Year's Day. -Edith Lovejoy Pierce

The Bad News is Time Flies. The good news is you’re the pilot. -Michael Altshuler