Flipping America 166, News and More NewsFlipping America

Expected Air Date: 07/07/18

Opening

I got a show full of news and your questions today. We are getting emails from some of you who are loving the guests we’ve been having and some of you prefer the shows where I talk the entire time. Your comments are about evenly balanced with a slight tilt to the guests. I personally prefer the guests because I usually don’t learn anything new when I’m talking and I want to learn more and get better at this.

Today I’m going to review the news, talk about More News with regard to my predictions about the market, and then share some Really Exciting News about a new program from your friends here at Flipping America.

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Announcements:

Lunch with me every Wednesday.
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Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.

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Motivational Thoughts for the day

When you want to succeed as bad as you want to breathe, then you’ll be successful.
Eric Thomas

Transcript

[0:00] Music.

[0:28] Time for flipping America the show that teaches you how to make money in real estate wherever you are whatever your situation there is an opportunity for you.

Flipping America is brought to you today by Braswell Capital Solutions commercial lending made easy

on the web at Braswell Capital solutions.com and now

here’s that flipping America guy Rodger Blankenship and your question today I’m going to call the show.

[0:59] News more news and exciting news

because we got some exciting news coming up in just a little while like I almost can’t wait to share it with you but I am going to wait,

going to discipline myself just some really cool stuff happening around here and I’m going to share it with you in just a minute.

We’re getting emails from some of you who are loving the guess we’ve been having and I know that I have we’ve been we’ve had some terrific people on and the lately that the show quality is just been great my humble opinion I bet some of you are also writing it and prefer the shows where I talked the entire time

your comments are about evenly balanced with a slight tilt to the gas now I personally prefer having guests

because I’m not usually learning anything when I’m doing all the Talking I learned some things when I do the reading in preparation for the shows where I do all the Talking usually but I like talking to people in and getting their ideas and getting different perspectives and so

we’re going to try to just accommodate everyone I know you can’t go through your life trying to make everyone happy but we are from times I’m going to do shows where I just talk and teach and do my thing and this will be one of those shows

it will be back to having guests again you know very soon.

And will try to keep it keep a good little mix going for you okay couple of announcements first of all how to reach us we are on all the social media at flipping America just wherever you go Twitter and Instagram face.

[2:28] LinkedIn YouTube YouTube yeah we have the flipping America channel and I hope that you will subscribe to that channel I’ve been posting some videos this week.

[2:38] Look posting the videos on the YouTube channel honestly is a little bit of a lower-profile priority right now because we’re busy getting the show ready for the broadcast audience that is growing we we grew another 8% in May and

that is a fantastic number and it it’s amazing to me and and such an honor to me that so many

people are taking time from their schedule to listen to the show downloading the app and listen to it on on The Flipping America app or we’re not we don’t have that much going there yet but people are listening on iHeartRadio and people are,

calling in and writing in from all over the country and it’s such an honor to serve you and we continue to keep on doing that so you can look for it’s just on all of the social media flipping America on Facebook

look up flipping America media that’s the name that we had to use because somebody had little page out there when we got started with this,

now we even have a profile at houzz.com s h o u s h o u z z. Com

for what it’s worth we got the profile there and we’ve already posted one of our before and after photo segments there and it just kind of fooling around we’ve got a couple of

stories today from houzz.com which is why we did that hard if you’re ever in the Atlanta area this show is coming to you from Atlanta Georgia.

[4:03] And our new studio here in Sandy Springs on the Northside of Atlanta

I want to invite you to just come have lunch every Wednesday we do lunch and we’re using the Huey luey’s Tex-Mex place right down the street on Roswell Road in Sandy Springs every Wednesday at 11:30 We Gather

and I’m the topic is real estate they are they specific agenda is set by

the people that come to the lunch we talk about what it is you want to talk about the things that you want to know the things you’re curious about sometimes people have deals 2% sometimes we’re just shooting the breeze it.

And it’s really

free for all until 1 we do if we have enough time we go around the table and introduce ourselves and it’s always a special privilege for me to welcome someone from

a different state who heard this on the show and dropped in love that when it happens we’ve even had a couple of people from different countries.

Pop in and that’s also really cool

all right. That’s every Wednesday and then on the second Thursday of every month we do an evening networking meeting and we like Huey Lewis so much that we switched over our evening meeting to Huey luey’s and that’s coming up on July 12th the next one.

[5:21] And our speaker for the July 12th meeting and this week all this meeting flipping Atlanta our speaker speaker is Tony lukashevich and Tony is our Georgia

ARB Atlanta area coach in the flipping America mentoring program.

[5:38] He’s going to do a program a little presentation on how to find an analyze deals using

free resources on the internet all you need is a phone,

and a computer with access to the internet and you can generate dealflow Tony’s going to share with you exactly what he does and this is what he does for a good part of his days and he does it enough that he is buying three to five houses

every single month now and this.

Economy in this market the way the real estate market has been people tell me all the time that they just can’t find Deals they can’t find deals worth looking at in dentoni’s even going to tell you that most of what you look at your not going to do,

but my friends it’s always been that way most of what I’ve looked at I have looked at,

I would imagine I’ve looked it over a hundred thousand properties in my brief career in real estate investing and that’s an order to buy 1000.

[6:38] And it’s just those are the kinds of numbers and.

You still have to look at a lot of properties and you have to do your homework and it’s a little bit tedious and his little bit monotonous and for people like me it’s

just flat-out boring it’s it’s my least favorite thing to do but it’s the most important thing to do to make sure that you continue to have the deal flow coming that you need and so Tony is going to share his methods with this this coming Thursday night that’s July the 12th July the 12th at 6:30

at Huey luey’s in Sandy Springs we’re going to have a blast they’ve given us the entire upstairs

portion of the restaurant and there’s a bar up there and the food service will be there so come and eat then we’ve got

tables and high tops and comfortable sofas little loveseat things to sit on all around in the place upstairs

plus if the crowd spills out we’ll go and we’ll have access to the upper balcony as well and the TVs are all connected so Tony’s presentation will be available to everybody there.

That’s July the 12th if you want more information on that go to meetup.com flipping Atlanta.

Meetup.com flipping Atlanta and you can find out about the meat up and join the group there to be back with some news more news and exciting news and just.

[8:01] Music.

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[10:02] Music.

[10:21] It’s time for the mid-year report at least in my opinion we’re who you know where the middle of the Year we’re actually a little bit past the middle of the year

and so we wanted to see it I was just curious to see how my predictions were faring and if you want to go back and listen to Prior shows you will I’ll just summarize for you what I predicted I predicted to you that the market would be slowing down by the middle of 2018 and heading toward a balanced Market

by the end of 2018 and I predicted also that the,

the year-over-year gross weight growth rate in the housing price index by December would be around 5 to 5 and a half percent nationally.

But higher in flyover country around 7 to 7 half percent in flyover country and a little bit less.

Maybe not a decline but a little bit less in a little bit of decline on some of the coastal areas but.

[11:23] And a lot of the high-volume Seaboard fees at East Coast or West Coast properties I predicted we would see a real slowing.

And the rate of increase so where are we in all of that I’ll get to that in just a moment but first of all I’ve got.

An article today that I think I need to share with everyone and it’s going to be available to you on the social media Outlets we’re going to post it it’s from realtor.com and it’s

an article about rules for renting out your home using Airbnb or VRBO or some other short term rental service

this is a good article because in our lunch meetings in networking sessions I hear more and more people are saying that they want to take on,

a an Airbnb strategy and one lady that comes to our meetings.

As even said she wants to be the queen of Airbnb well that’s good I’m all for that at any new any of these creative ways that you can find to to create opportunity and cash flow that’s all good that’s fine with me.

[12:29] But I’m sorry to report to you my friends that you need more than just my approval

I’m this article points out that you may need you really should check with your local municipality to make sure that you understand

all of the rules and regulations including state law regarding short-term tenants there is a limit for example to the amount of time they can stay if they exceed that amount of time they’re no longer considered a short-term renter

they’re considered a tenant and if they refuse to leave you have to go through a dispossessory process people could live in your house for free for uh.

30 days in Georgia that’s about how long it takes to get somebody out in other states it takes quite a bit longer to go through at

hey dis possessory and eviction process so make sure you know the rules going in ahead of time this article is chock-full of good advice like that,

that everyone should read before you Branch out into Airbnb strategies just for fun.

I’ve got a couple of celebrities homes for sale that I thought it through in there do you want to buy Derek Jeter’s vacation home in New York

you know he moved down and is working for the Miami Marlins now and he’s all settled down there but while he worked for the New York Yankees he had a summer home in Upstate New York.

And it was a castle that he spent a lot of money reconditioning and it’s beautiful as 24 million dollars and.

[13:54] I thought about stroking a check can but you know it’s a little far to get to on the weekends from here in Atlanta Georgia so we’re probably not going to do it but it’s awesome it’s got four.

[14:05] Chef quality kitchens throughout the place it has a turret overlooking the lake and.

All kinds of really cool things like that and the other celebrity home is Tyler Perry’s old house here in Atlanta Georgia is for sale for 25 million dollars,

you can pick it up it’s actually just probably as the crow flies less than 5 miles from our studio here and

it is a monster of a house with the multiple garages wine-cellars tennis court

beautifully landscaped Gardens over several acres and Outdoor Living Space massive pool that has a

you know I wet bar or you could just sit right there at the edge of the pool it’s it’s a beautiful thing so just for the fun of it and just so you can Daydream and maybe some of you can just do some goal setting, I want that someday

I’m going to post those for you to look at as well then

it’s about time for us to take a look at the the new decor ideas and so I picked around on that little bit and I’m doing up some of those things there for you to look at.

And one of the things that one of the articles is on using colored grout in your tile and when you see the post on.

Social media I’ll just be saying.

[15:27] Please don’t not if you’re flipping the house using a gray tile with green grout really come on.

[15:36] I’m be a little bit more plain-vanilla just generic when you’re going to flip a house as if it’s your own house that’s fine

and then there’s some of the things we’re just going to post that we’re not even going to get to hear kind of want it I want to get to some of this other news about delinquency rates and then if we have time today I’m going to get some of your questions as well because they’re

shorter piling up on us.

[16:00] I hear a lot of people talking about the coming crash and you know this guy is falling kind of people and I posted an article in this last week.

And I think you know I want to be fair I don’t want to be blind to any

real signs of danger so we are paying attention here folks we’re watching and I believe that in order to understand whether or not we’re going to have another mortgage meltdown or

or when it will come some say it’s inevitable we need to be paying attention to a few things not.

[16:33] The existence of subprime loans.

Subprime loans by one name or another have been around since banks have been making mortgage loans it’s not the fact that they make them.

It’s what’s happening with the Securities ation of those subprime loans now they’ve been securitizing subprime loans for quite a while also I think when we really got in trouble.

Back in the days leading up to the crash and I didn’t understand this of the time because I honestly I wasn’t paying attention but.

When we look back now through the rearview mirror in the lens of History we can see that they were taking

these Security Instruments and dividing them and breaking into pieces and selling them all fast

collateralized debt obligations they were just kind of spreading out the risk and it’s because of the relatively low foreclosure rates up to that point.

[17:25] They were you know this look like a sure thing so they had no trouble selling them but they were such a demand for these things,

that they started loosening The Lending guidelines to make it easier and easier for people to buy houses who really.

More qualified to buy houses and that’s really what happened you suddenly had a lot of people in the home buying Mortgage business mortgaging business who had no business buying a home

because they weren’t really qualified and they weren’t really ready to take on the responsibilities of home ownership and so then you suddenly had a foreclosure.

You just an alarming rise in the rate of foreclosure because that’s what happens when you loan money to people.

[18:06] I really are qualified and one thing led to another and it’s no bald and it went downhill so we have to pay attention to what’s going on with.

[18:16] The subprime loans and the secured ization of them yes but the other thing that we need to be paying attention to is.

The default rate and the Foreclosure rate.

Now cording to a report that I just read that I just saw and CoreLogic and also another report in National Mortgage news and I’ll link you to these.

[18:39] Delinquencies and foreclosures are at an all-time low.

[18:47] That means we are not facing another crisis we are not about to go see the market go belly-up.

People are saying what they’re saying because they see prices going up like there’s no end in sight which is exactly what was happening and I was 3 or 4:05 and then course you know we had the the big meltdown in 06 and 07.

So people are concerned and they figure it has to be cyclical but in any way it is going to be cyclical there is going to be at ailing off and there is going to be an evening out but unless we’re seeing a spike in the rate of delinquencies and

mortgage defaults we’re not going to see a major crisis it’s going to be more like a correction,

I think it’s going to be in the form of a slow down I think it’s going to be driven by interest rates and also new housing construction and when we get back from this little break I will talk about my predictions and why I missed.

[19:44] Okay yeah I’m going to admit it.

[19:46] Music.

[20:04] Do you want to learn how to flip houses I want to show you how to flip houses and there’s probably no one in the country better qualified than me to show you I’ve looked hundreds and hundreds of them.

And I also have some training and degree and experience and education so I could show you how to do exactly what I’ve done hundreds of times don’t believe me.

Head on over to put starter event.com but in the meantime Give a listen to Pat caywood my name is Pat caywood.

[20:30] Cleveland Tennessee and I’ve been.

Doing some flipping since about March of this year and had started with a Nationals program that was very expensive I spent today with Roger Blankenship.

Learning about his program and boy do I wish I’d met Rodger.

[20:53] He has a clear concise program and many tools that are going to be very hot.

[20:58] And starting and managing a program and the mentorship and Leadership and coaching that he saw frame are in value.

[21:08] Thank you so much.

[21:10] Music.

[22:01] All right I said before we went to the break that I missed them one of my predictions and so far it looks like I have missed.

Because I miss I predicted that the market will be slowing down by the middle of this year I really thought it would.

I am an optimistic person and I certainly didn’t want to be too pessimistic but I thought that that was a that we were in a a level of heat that could not be sustained.

[22:26] I just saw the mayor report from I mean to sorry the June report from CoreLogic going to the last results for May.

And looking at the 12-month year-over-year price increase from the national housing price increase year-over-year

from May to may we were up 7% nationally which is about a point half higher than I predicted the reason is the market has continued to climb and and defies.

[22:59] Expectations I think in part no one really predicted or for saw.

How our economy would be so strong by now we all had hopes that the economy would eventually recover.

[23:15] It’s been awhile since the economy has been strong and then Employment has been down that the economy is strong unemployment is down.

Just had a unemployment numbers were released that show the unemployment ticked up slightly in the month of June.

But that’s due to the fact that a lot of people who were sitting on the sidelines have decided to reenter the workplace and looking for jobs but still the overall unemployment rate is very low the economy is booming

and the demand for housing continues to increase people are making more money because.

There there are shortages of people to work and so demand for skilled labor is high interest rates are still.

Historically pretty low and that guy gives people a lot of buying power and what we’re seeing is a lot of new construction beginning in the second home to upgrade home to luxury home

price points but not so much in the starter home so therefore we still have a great deal of demand and the markets still super hot

and people are buying these houses because they can afford them and appraisers of course are the kind of the final decision making is

maker as to the value of a house but appraisers are looking at the comfortable sales and sales are being pushed up by the fact that there’s such demanding and multiple offers.

[24:38] So what this means is we’re in an upward cycle in I don’t know that we see the end in sight I think it’s going to continue to slow

imperceptibly while we have interest rates going up.

But until we get a massive amount of new construction and I mean a lot more than we have now

I’m just going to have to revise my projection and say this Market really doesn’t have an end in sight I don’t think it’ll be by the end of the year

I think they probably by the end of the year we are going to settle in around a seven to seven and a half percent you know over previous years maybe it’s been a 12% increase.

But I believe we’re going to end up seeing a 7% and actually I think I’m thinking now that are gross in 2018 is going to exceed the growth rate from 2017.

[25:25] I’m not really sure I understand all of that I’m just watching the numbers month after month,

and there you were over your numbers but I watch them each month.

So what does this mean for us as investors whelmed one of the things that means is as we buy these investment properties today we can be fairly certain that we’re going to see a

AA higher than historic average rate of appreciation over the next 6 to 12 months.

[25:55] I don’t like to Gare I don’t like to guarantee anything like that and I don’t like to make my decisions based on these kinds of hopes for the future I have actually heard people say well in this market.

You can buy you can pay a little bit more for a house because by the time you get it repaired and you’re ready to sell it it’ll be worth more than it is today

that’s probably going to be true but I would rather have additional icing on my cake later on then to count on something that isn’t 100% certain.

Just to get the cake iced you know.

I’m out I’ve basically I’m going to go off of the numbers that we have today this is another measure of conservative analysis that we put into a deal then also gives us a little bit of room if I we have unexpected things.

That are beyond our normal.

In a week we have a budget for the unexpected we have a contingency and every budget and so we got a little bit of extra fluff because of the rate of appreciation but I know that the appreciation isn’t going to go on forever and we may not always know

when it’s about to turn so I don’t want to bank on that I don’t want to rely on that I don’t want that to be the source of how I profit in a deal.

And I encourage you to take the same conservative approach stay by your guns stay by your your numbers your margins and make your purchases accordingly.

[27:24] Now I’m not particularly rooting for any one outcome over another and I especially would never root for a an economy this bad for people

but I’m rooting for myself to be right just because you know who Among Us doesn’t want to be right so.

[27:41] As one possible indication that things are beginning to cool off a little bit I’ve got another article from the Orange County Register called Bubble Watch

is Southern California’s housing shortage nearing an end and it’s like some interesting statistics that suggest that perhaps at least in Southern California the supply is coming. The demand is going down,

the market time is increasing right now it’s around 68

Days Inn versus 56 a year ago and so we’re heading more toward a more balanced Market know that was Los Angeles to tistics it gives the same stats this article does for Orange County Riverside County San Bernardino County

and oh that’s within the range of you know we’re actually on the air in Southern California so some of you listening Maybe,

we may be talking about your neighborhood but it is beginning to slow down in Southern California and I think that we’re going to see more of this.

In coastal California and from Washington DC up to about Boston by the end of the year.

[28:50] Music.

[28:57] Are you one of the 70% of Americans living paycheck to paycheck and tired of the stress if so I understand that used to be in that 70.

I start investing 2003 with my net worth with -80 thousand since then I’ve built a business that generates over $500,000 a month in income and allows me the freedom to do what I want I’m Brad Chandler and it people just like.

How to find Freedom through real estate investing using a tactic that doesn’t require credit or tons of cash for a free training on how you too can do this please visit Brad channel.com.

[29:30] Hey flipping America listeners have you ever walked into her property and said I have no idea what it will cost to repair this home those days.

[29:38] Music.

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[30:29] Music.

[31:17] And we’re back I’m Rodger Blankenship and I teach people how to make money in real estate.

Thank you so much for turning into the show we don’t encourage everyone who listens to the show to drop what you’re doing and start flipping houses like you see on TV.

In fact we encourage most of you to not do that it’s not for everyone and of course it’s not going to go as smoothly and is cleanly and is easily as they do on TV you will have more of the drama

side of it but not the made-for-tv drama you have actual drama

the business is not that difficult but it is challenging and and it is a business it’s something you have to be truly committed to we do however encourage everyone to consider real estate is the part of the balanced Investment Portfolio,

and to that end we try to give you the best information most up to date news we talked about style Trend anything that we can to help you.

[32:10] Get involved in real estate in a way that’s reasonable and right for you.

I did a show it was show number 108 if you’re looking through the back catalog on 85 ways to make money in real estate but you can take those 85 ways and basically group them into three broad categories

you can make money in real estate by buying a property with the intent to

add value to it through repairs Remodeling and proving or something and then sell it it in the short-term usually less than a year and make a profit

because you’re buying it at in Fairly Deep Discount this is the flipping model another thing you can do in real estate is.

And then you can by the way you can do the flipping model with houses or apartments hospitals any kind of real estate asset and all of those,

types of assets have been and do get regularly flipped a second way to make money in real estate is to buy with the intent of.

Holding and creating cash flow so you have income from the property on this is a rental model and this can happen with pretty much any kind of asset as well from houses all the way through shopping malls.

A third way to make money in real estate is to keep your job do what you’re doing.

[33:29] Keep your W-2 income coming in and invest some of the money that you’re going to invest not all of it.

You’re putting some money away into various investment vehicles but some of it should go into real estate and how do you do that why don’t you look for real estate that’s going to give you good returns and it’s going to be relatively safe.

Everyone has their own risk tolerance but basically what you’re going to do is you’re going to edvest in the activities of people who are doing either Option 1 or option 2,

and you can do this in any way that just get you a straight interest rate.

We can teach you here at flipping America we can teach you how to become a bank a little private bank and make loans we can show you opportunities to invest in various types of projects.

[34:16] If you want to

say for example you wanted to you don’t really want to have a rental property you but you like the idea of than the stability of real income what you can do is you can put your money into a rental house that someone else actually owns and manages and you just have the paper on it.

[34:33] So you get your income every month it’s a fixed rate and you get your money where there’s attended or not where the toilets broken or not where the termites are affecting the house or not you get your money now,

do you always run the risk that your borrower May default and you got to do you know you’re another set of challenges other things that you can do you can invest in real estate investment trust you can invest in the activities of those were flipping houses

there’s a way just go to flipping America network.com.

Click on let’s make money in real estate and go to the page about being a private lender and you will get a full explanation there on the website about being a private lender.

Okay so there are ways to make money in real estate and it’s not all just flipping houses like you see on TV but.

A lot of people really want to do this.

Fixing and flipping houses is one of the most lucrative business opportunities in America today it’s entirely possible.

Turn a six figure income if you are willing to put in the work.

In fact I’m going to go out on a limb here it’s entirely possible to fairly simply make a mid six figure income if you’re willing to put in the work the process is relatively simple.

I want you to notice that I said simple not easy.

[35:57] If they can be difficult sometimes but it is a simple process it is find a subject property that you can buy for a deep discount you fix it and sell it for the retail price.

[36:07] That’s it three steps repeat those often the details get a little bit more involved.

Finding a potentially profitable property is a challenge in this market

at other times the challenge has been getting your property sold I’ve been at this for nearly 20 years and I’ve been in up markets down markets and in between markets and I’ve remodeled hundreds of houses I can show you how to thrive,

in this business regardless of market conditions I can also help you understand when it’s time to shift gears or maybe shift your focus entirely and through it all.

I can help you both grow and scale your business to the point that it virtually runs itself

flipping America mentoring program is designed to help people like you learn this business even though by comparison the program is very reasonably priced.

We’re finding a number people who just can’t chill out the cash to afford it.

I looked at the methods that other gurus use and don’t get me on a rant now about the other gurus but they will have you cashing in your 401k accounts are borrowing against them taking on new multiple credit cards.

Maybe there is zero interest to begin with but even though you may not even have to make payments for 90 days.

Kill your credit these other approaches.

Just add considerable risk to the client the person that wants to learn this business I cannot in good conscience do this.

[37:34] I want to do something that’s actually going to serve your interest and if it happens to help me out at the same time,

that’s a win for us both when we come back from this next break I’m going to tell you about something brand new very exciting it’s called the flipping America internship.

[37:55] Stay tuned folks details right on the other side of this break.

[37:59] Music.

[38:12] Not too long ago we did a one-day flip starter in Chattanooga Tennessee and low and behold one of my old College friends came out to the event his name is Peter Faulkner and here’s what he had to say about the event.

[38:25] Peter Falkner here I tended a one-day flip starter training session led by Rodger black.

And I was amazed to see what has happened in Rogers Live from the last.

Plus years flipping over 800 houses and then this one day training he told how he did it and what the pitfalls the blessings the benefits.

And how to do it and I was so impressed with how well organized and how smooth the training win today.

You’re tempted or in courage to go go at was not a bad price and if you get a chance to do it even just to consider in bed.

But I just want to thank Rodger for a great day.

[39:08] Music.

[39:25] So we’re talking about the flipping America internship and we still have our mentoring program alive and well and the people are signing up for it and we’re happy to have people like.

You know as an experiment this summer I brought on a couple of interns just to help out in the office.

And learn this business at the same time I’ve been amazed at their progress in the knowledge of this business in a very short time I call the experiment a smashing success,

and I want to include more people like you in this amazing opportunity.

We looked at various ways of financing or training was both both both external sources as well as carrying the notes internally I haven’t found a good option for either one until now.

[40:08] Now our program is reasonably priced especially when you compared to the other gurus that are out there and if you want to know the details on that I just

want you to go to the website and click on the blue button the website is flipping America network.com click on the blue button on every page that says,

click here for a free strategy call and you’ll be talking to somebody in our office so it’s probably going to be Mary or me.

I’d I take some of the strategy calls soon so that’s always fun to talk to the people talk to her listeners.

So during this will talk to you about the price but some people just can’t afford the price.

I understand and we unfortunately had to turn away some really fine people who we thought would do a good job in this business and could do well in the business if they.

And I’m just.

A different way to go about it so we have come out with a way of financing our training and here’s where it gets really good.

[41:10] The payment can be a little daunting cuz now you have a new payment to make every month and I haven’t wanted to put that on anyone.

I really just been working with people who can stroke a check for the modest amount that are training cost but now

we’re giving you an opportunity to work with us in our office here in Sandy Springs Georgia now I know if you’re listening in Boulder Colorado or Pittsburgh Pennsylvania you can’t really commute.

To Atlanta.

To work a few days a week I understand that but I’m going to say this as if it’s in her office but we also have a way that this work can be done virtually as well.

[41:50] So what we’re doing is we’re giving you an opportunity to work our leads and get paid that’s right.

And here in the flipping America office we generate more than a thousand sometimes 2000 leads on properties in every single month.

Honestly we sometimes just can’t get to a mall.

We could bring in more we could bring in thousands more leads if we wanted to but at the moment we just don’t have enough people power to review everything that’s coming in so.

In order to be in this program you’re going to commit to work.

For the flipping America team at least 5 hours a week you’re really working for your own future but you’re going to be spending time taking what we just talked to you.

And.

[42:36] Using it using that information to analyze deals in our deal pipeline obviously the more time that you can spend in the more you do the better your chances are,

of making this working earning the money that you need to make your monthly payment for your mentoring we will give you 10 250 leads to work work them.

And you’ll get more when you’re ready

now there are leads and they’re coming from our sources so you won’t get paid like a wholesaler but we do paid $1,000 for every property we buy

that money is split between the person who runs the numbers in the person who negotiates with the seller if you do both of these you get the thousand dollars.

Shut up you’re on your way to making your monthly payments with ease and do it again in the same 30-day. You can choose to make another payment or you can keep the cash this is not bird-dogging properties.

You’re not out there you know Jenny up your own prospects there’s nothing wrong with that of course and you can do that but you’re you’re going to be working our leads we’re going to give them to you.

We’re going to give you something to do that’s going to sharpen your skill-set right from the beginning and end at least at the beginning you won’t need to generate any leads of your own,

so here’s how the program works number one you going to hit the ground running.

There’s a two or three-hour orientation and you’re headed your first batch properties boom go for it you’re going to run CMAs hundreds.

[43:58] That sounds tedious it can be but that is this business sometimes.

They don’t show all this boring stuff on TV but successful investors spend a majority of their time looking at deals every single day.

So if you think about it you can imagine how busy I must be because we do this show three times a week including hours of preparation

I’m putting it together and post-production and talking about the future shows and then we run a successful business where we’re trying to buy two to three houses every single week

and we’re also teaching other people how to do it how do we find the time or we have a great team a great team that makes it.

[44:41] So

relatively easy and we do put in some long days alright so we’re looking at deals we’re looking at deals all day we’re looking at deals everyday and number to go talk to sellers you’re going to be doing this before you fully understand the entire process.

You’re going to be going out and talking to sellers before you think you’re ready but you’re going to get better at because you’re out there doing it number 3.

Next time you it comes around take the three-day intensive now we’re moving to an every other month schedule and I think by the end of the year it’ll be every month we’ll we’ll just have a 3-day training in our office

this is one of those drinking water from a fire hose type of experience where you hear all of the pieces of the business Kramden and sent to you in 3 days.

The slideshows alone there are over 700 slides at you’ll see in the street a time you’ll never remember it all

this is something we’ve known and we’ve encountered and that’s why we make the slideshow available to everyone who’s been in the course you can go back and review but even better is the way the mentoring programs working now.

[45:49] That you’re going to learn the Georgia foreclosure process even if you’re not in Georgia are you going to be learning some things about the way foreclosures get done in Georgia this is actually a separate $5,000 course and you’re going to be getting it as part of this experience.

You’ll learn to work pre foreclosures call on homeowners do skip tracing run review routes if you’re in Georgia and do some repair assessments,

and if you’re in Georgia you can be a bitter on auction day using our money of course you’ll be out there at the courthouse auction didn’t like a big shot okay now.

[46:24] Around the third month end we’re going to get your business setup

will help you select a good name a URL a domain for your website not going to put your website up just yet but you want to own the domain

get some a business card designed and at this time we’re going to give you the option to enroll your business in a credit building program that will take about a year to build.

But at the end of that year you could have another $100,000 worth of available credit for your business this is an optional program cost a little bit more money

but that will make it available to you in about the third month and after we have after you have.

[47:03] Reviewed hundreds of properties in dog to 50 or a hundred.

Sellers and we’re going to have you do this even if you are living in other parts of the country we’re going to add the direct mail skill.

We’re going to spend the month working with you on preparing and implementing a direct mail campaign and responding to the leads that it comes and see what the numbers are like.

Maybe you will decide later on you don’t want to do Direct Mail maybe you’ll decide this is all you want to do it’s kind of a personal decision but you don’t know until you tried it.

Now around the fifth month we’re going to add the social media skill we’re going to help you set up your business social media accounts were going to show you how to do it we’re going to show you the tools that you use to automate the process so you can be posting

early and often to social media.

Have you follow us on Twitter and Instagram if you actually pay attention to it you’ll see that we are posting all the time day and night is that mean I’m sitting at my computer all the time no.

You know it’s not a big secret we automate the process okay.

The music is telling me that we’ve got to go to a break and after this break we’re going to come back and I’ll finish talking about the program and what comes after hang out.

[48:15] Music.

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[50:07] Music.

[50:24] I realize during the break this is probably the most I’ve ever talked about our mentoring program that I’m just so excited I don’t want to share all this with you so you can get the big picture around the seventh month.

We’re going to add the driving for dollars skill we’re going to.

Develop with you some strategies for driving for dollars learn about the apps to use that there’s technology out there and it’s just going to blow you away

with how easy it is for you to drive $4 and we’re going to add all of these skills are added to each other you’re not going to stop doing the.

The the lead analysis news. You’re not going to stop making phone calls you know. Anything because you started something new you’re just going to add to.

Okay.

Now in month 9 or 10 when you’re ready we’re going to start adding website skills we’re going to go through a little miniature course on what it means to have your own little website

I’m never talk about a deal flow website to create leads for your business.

[51:24] And how to setup your keywords and how to do all of the things that you have to do behind the scenes

to make your website actually perform then we’re going to introduce you to a resource that we’ve been using here at flipping America for only generation there is a little bit extra expense involved in that it’s optional

I’m you can get along in this business without a lead generation website it’s one of those things that you can do to generate your deal but

we don’t want to just throw all of this information to you and say good luck.

We are going to cover it in the 3 day but we want you to learn these things sequentially,

and noticed that the website is kind of one of the later things that you will learn if you’ve mastered social media you can be out there generating deals with the free social media and you know a lot of successful businesses

stem Facebook page they don’t even have a website and you can go that way if you want to but we’re going to give you the options we’re going to give you the knowledge and so you can

I bet you’re building your own business you can pick and choose what you’re going to do in month number 11.

[52:28] This is especially true for those of you who are local to Atlanta Georgia

a month number 11 we’re going to give you the opportunity if you’ve been performing all the way through,

you get an opportunity to manage a rehab you’ll be managing one of our rehabs now this is a paying gig,

so you make a little bit of money on this while you’re doing everything else and this is an important thing,

while you were still analyzing the deals while you are still generating leads while you are still making phone calls talking to wholesalers talking to sellers while you’re doing all of those things you’re going to manage

a rehab you’re going to be pretty doggone busy at this point but

if you said to us that you want to make a business out of this this is a Surefire way to do it.

And we accept you through all the processes once you’ve managed to rehab you’re ready to go month over 12 we’re going to put it all together and launch your business you will have your business you’ll have your card you’ll have

a lot of the processes and procedures are going to know what you want to do you’ll be able to hit the ground running and you will run now.

[53:36] I want to remind you that there are some benefits to the flipping America mentoring program that are going to become available to you and threw them internship

first of all when you start doing your own deals you get a coach at no additional out-of-pocket expenses to you.

Coaches going to get paid from the proceeds of your first four deals that coach is also going to hold your hand and get you through those first 4 deals.

Once you’re in the program even when you’re in the mentorship you’re invited into the flipping America National weekly coaching calls

this is a call that I do with our local coaches and everyone that’s in the program that wants to jump on the call it’s every week.

Right now it’s on Wednesday night from 6:30 to 7:30 or 8 but every week we take a topic we go a little bit deeper we talked about it we answer questions and we check in with people and see how you’re doing coming very soon.

On The Flipping America Network website there’s going to be a members-only section I’m pretty excited about this we’ve been in development for a minute and the once we have the members only section you’re going to have a bunch of resources available there

I get teased quite a bit about my

propensity to use spreadsheets I get it that’s alright spreadsheets can be very useful and we make a lot of use of spreadsheets well once you’re in the program you get access to all of my spreadsheets that I’ve used to run my business for the last 10 years.

[55:03] So and and I.

Changing and tweaking them every time when I make a change in a tweak and Improvement than in my business then it’s going to Ripple down to your business too because of the tools that I use will be the tools that are available to you and there are some things that are little too premature to start talking about yet but we we are developing some pretty cool tools

and my yeah I’m going to hold off but I’ll tell you more later on.

One of the big benefits of being a part of the flipping America mentoring program as.

[55:35] You know we stand behind what we trained what we teach our processes we trust them and.

And you we believe that we have found a partner once you’ve been through the training and we are confident in your ability.

We are making.

Ourselves available to you as a partner on your projects what I mean by that is a funding partner we will fund your deals 100%,

no we’re not going to find anything you throw at us please don’t be mistaken we have gotten where we’ve gotten by showing a degree of caution

and concern and healthy dose of skepticism at every deal we ever looked at and we’re going to look at yours same way but if your deal passes muster and if your coach has signed off on it.

And we’re good to go we will find it 100% will pay for the purchase will pay for the rehab will pay the power bill will even pay the guy that comes and mow the grass we pay everything and split the profit with you,

keep in mind on your first for your splitting whatever you’re getting with the coach but we’re willing to do that.

[56:42] All right now after you have done all of that you’re ready to move right into the next course our cash flow Mastery course.

If you’re on the payment plan to do them internship there’s no additional down payment now you’re making good money on your flips and it’s done put that money to work for you so let’s begin to create cash flows that can support your lifestyle at this point.

Once you have cash flows that support your lifestyle you have reach Financial Freedom then it’s time to go on to the business Builder course.

Learn how to grow and scale your company turn it into an Enterprise work yourself out of a job so you’ll no longer be an employee but you will still be the owner you’ll be making income from a company that you have no need to be.

Involved in day-to-day then that sounds nice that also is a key.

Peace and Financial Freedom and then you’re ready for the wealth Builder course you have money and you have money making money.

And now it’s time to move into passive income wealth-building strategies taxation strategies this point you’re financially free independent

and able to find other projects of Interest without concern about you return on investment we’re talking about charitable causes here.

And not just your tides are normal contributions were talking about endowment type guess we’re also entering a phase where asset protection is critical and will learn to balance our investments with lower yield risk.

And safer projects.

[58:08] This process is changed my life and I know it can change yours if you’re willing to work it you really can get to this point in a few years I don’t want to mislead you ever it will take effort work diligence and discipline but if you remain committed you can get.

[58:21] All you need is a flashlight to show you the Pat and I hope you give me the opportunity to walk the path with you here’s where you go folks flipping America network.com and click on.

Internship.

[58:33] Music.

[58:49] Eric Thomas said when you want to succeed as bad as you want to breathe then you’ll be successful.

[58:57] This song is brought to you by the foundation for Renewal working together with communities across the country to change lives find them on the web at renewal fund. Net and your contribution in any amount is both tax deductible and welcome.

Will see you soon folks flipping America network.com click on mint.

[59:17] Music.