Listen "How to Get Started"
Episode Synopsis
FAR 075 Expected Air Date: 10/14/17 Topics: Mark your calendar now and plan to attend "FlipStarter" is coming October 20 and 21. . Join my special guests: EJ Lashlee, author of the True Trust Book, The Protection Book, and founder of True Trust Services. He will be speaking about asset protection through Private Asset Trusts. Jennifer Hammond, Host of The Jennifer Hammond show on Sirius/XM Radio The Urban View. Nationally acclaimed realtor and investor extraordinaire. Jay Conner. America's private money authority Bruce Mack. Founder of Platinum Finance Pat Dornan, developer of the "Ultimate Rehab Estimator" and author of "Expect the Unexpected." Roger Herring, Founder of Investors Accounting. Karen Anderson, Direct Marketing and List Consultant Mike Ventry, Advanta IRA, How to use your self-directed IRA to create potentially tax-free income. And of course, me, the Flipping America guy, Roger Blankenship. I've made my career in real estate investing by doing it rather than talking about it. I've flipped hundreds of houses and I'm going to show you how to do it. I have a few techniques no one else uses or teaches, but I'm going to share them with you. Why? Because we are going to tell you how to get started Flipping Houses and building wealth. It's not just owning a business, it's owning a wealth generation machine that will not only provide for you, but be a blessing to your children and grandchildren. And that's not all, when you purchase your ticket for only $97 for this two day event, my good friend Jay Conner is going to invite you to HIS event in October at no additional charge. That's right, two multi-day real estate training events for one low price. Sign up now at FlipStarterEvent.com. The FIRST 20 people who sign up for FlipStarter can save 20% off the admission cost by using the coupon code HOT20. I flipped 75 houses before I finally decided to go to a seminar about flipping houses. I wanted to improve my techniques. Over the years I've attended many training events and I can confidently tell you that FlipStarter is unlike any real estate investor training out there. See for yourself at FlipStarterEvent.com. Trends: [email protected] Tell us where you're from! 5 Bathroom trends to avoid! And we are not just talking about laying off the late night pizza... News: Looks like Nibiru won't hit us tomorrow. Although since it is supposedly invisible, wait until the Monday show to know for sure. While we are talking about invisible planets, spend some time this weekend reading up on and searching for Planet Nine. Ten times larger than earth. It's existence explains a lot of weird stuff going on out there past Neptune, but so far no one has ever seen this planet. Market update - interest rates. Mortgage risk index is down. Artificial Intelligence and real estate. Home searches influenced by your online behavior. Warehouse space is hot again! Thanks to e-commerce. "Surge" in REIT shares - and the retail space is surprising. Yields still a bit less than 5%. Detroit is #10 is the nation for market heat, but the scammer know this. Sameer Beydoun - 24 months in federal pen for an elaborate real estate scam. British backers. Irish lottery winner invested in 600 detroit homes in and lost them due to unpaid taxes. Belgium investors were victims in a different scam. Know the person, or Know the property, or Have the means and the discipline to verify everything. Emails: [email protected] Tell us where you're from! Cheryl from Winston Salem, NC, "I'm so excited! I just got a house under contract! using your formula it looks like I'll make about 40,000. My brother-in-law is going to do the work in exchange for a share of the profit. There are several things I want to do to the house that he says are unnecessary, like granite countertops in the kitchen, and certain flooring choices. Our arguments about this are beginning to dampen my enthusiasm. Please help me decide!" Gary from Long Beach, CA. "Ok, so what's the first step I need to take in RE investing?" Sophia from Lancaster, PA. "I really want to start flipping houses and I'm ready to go, but I don't know the first step or steps. What are the first 2 or 3 things I need to do? Justin, from Denver, CO "I can't be at your event in October, but I NEED this. When will you be in Denver?" Charlotte, Tampa, and others… Keep listening -- we are working on a solution for you. Topics: Where do I begin? Line up the money Find a deal Get a mentor What you need to know to flip: So what do you need to know to really fix and flip houses? How to find deals 10 sources Foreclosure auction an entirely different set of risks and knowledge base. Deal Marketing Direct mail Landing page Answering the phone Screening calls Making offers How to know if it IS a deal Diff between profit margin and profit Diff between gross profit and net Calculating profit Estimating repairs Determining ARV How to buy it. Negotiating Creating solutions Maximizing profits Structure Purchase Cash Equity Partner? Hard Money Private money Owner Finance Installment contract Lease Option Lease Purchase Subject-To Wrap around Financing How to flip it Wholesale? Assignable contract Double closings Fix it Structural knowledge The parts of a structure Recognizing what needs to be repaired or replaced Design decisions Choosing colors Styles Accessories Contractor vetting and approval Where to find em How to check them out How to interview them Contract law and development Contractor Supervision Payment process Draw schedules Lien waivers Sell it Marketing approach Using a realtor How to find How to vet How to interview Whom to hire Manage the relationship Listing and pricing strategies Gathering feedback Managing objections Price reduction strategy Negotiating with buyers Negotiating AFTER its under contract Running Your Business Setting up properly Keeping proper records Creating business systems Tax strategies and planning Protecting your assets Proper Insurance for all assets Managing tenants Know the laws Prepare for court! Handling service requests Leases! What goes in them What can't be in them Who's on the lease? That's the TIP. The iceberg is what is underneath all that. It's a lot. But what do you get in return? The real possibility of a six figure income in a couple of years. The opportunity to build lasting wealth to pass on to your children and grandchildren Freedom - work when you want, however long you want, quit when you want or when you can each day. The opportunity to live life on your own terms. Don't "make a living." LIVE. Do that "higher meaning" thing.
More episodes of the podcast Flipping America
Flipping America 622, How to Rehab a House
13/03/2024
Flipping America 617 100% Flip Funding
31/01/2024
ZARZA We are Zarza, the prestigious firm behind major projects in information technology.