Weekly WIT, October 3, 2022

This week in Summary

Investing Tip of the week

I end nearly every show by saying “Keep Your Eyes Open!” The rest of that phrase is “…because opportunities are everywhere.” In this business the “cheese” is always moving. (Who Moved My Cheese? By Spencer Johnson is a quick and recommended read.) Pay attention and learn how to evaluate new or related opportunities in terms of alignment and returns, and you will prosper.

Joke of the Week

Teacher: “Anyone who thinks he’s stupid may stand up!” *Nobody stands up* 

Teacher: “I’m sure there are some stupid students here!” *Little Johnny stands up*

Teacher: “Ohh, Johnny, you think you’re stupid?” 

Little Johnny: “No, I just feel bad that you’re standing alone.”

Blessing of the week

May the grace of God’s protection
And His great love abide
Within your home-within the hearts
Of all who dwell inside.

The Flipping America Show

Episode 556 Sell Your Cash Flow

September 23, 2022
I gotta be honest with you. I didn’t think this topic would make it to the show. I was skeptical about the concept and the structure of what you are about to hear about didn’t sit well with me. But Derrick Barker won me over, as I’m sure he will for you also. So today on Flipping America we are going to learn how you can sell your cash flow.  

Derrick Barker from Nectar is joining us in a few minutes to talk about an interesting way of raising money that doesn’t involve debt. Nectar is an online financing and data platform built to provide fast, flexible capital to short term rental owners and operators. They provide experienced real estate entrepreneurs access to cash flow based financing and sell diversified, fully passive cash flow backed investments to accredited investors.

Derrick is the co-founder and CEO of Nectar, the first-ever cash flow marketplace for real estate entrepreneurs. He has 12 years of experience in real estate development, operations, and finance. Prior to starting Nectar, Derrick began his career as a trader at Goldman Sachs. He eventually left that position to focus on real estate, growing his portfolio to more than 4,700 units and $400 million in asset value. Since then, Derrick has helped build multiple successful real estate businesses. He and his Nectar co-founder, Brittany Mosely, are members of ScaleUp ATL and graduates of the TechStars Atlanta accelerator.

 

Episode 557 The BRRRR Method

September 26, 2022
I’ve been doing this since 2002. I’ve done over 2000 single family homes, including more than 1700 fix and flip projects, hundreds of rentals and hundreds of wholesale deals. I don’t want to sound like I’m bragging here, because that’s not my intent. I just want you to know I have data and some personal experience to back up what I’m about to say. If I were starting all over again today, what would I do? I’m going to share it with you in just a couple of minutes. 

I won’t keep you in suspense – if I were starting all over today, I’d dive into the BRRRR Method and acquire as many single family rental properties as I could. Today I’m going to be joined by one of the emerging champions of the BRRRR method, David Dodge.

David is a St. Louis Real Estate Investor with over 18 years of experience. He first started investing in Real Estate when he was in college, at the age of 20 while attending the University of Missouri-Columbia. David specializes in Wholesaling Real Estate as well as using The BRRRR Method to acquire Rental Properties with NONE of his own money!

David is the Author of 3 books: “The Ultimate Guide to Wholesale Real Estate”, “The BRRRR Method” & “The 3 Pillarsof Wholesaling Real Estate”. His podcast “Discount Property Investor” teaches people all about wholesaling real estate as well as tons of tips and tricks about marketing, land-lording, rehabbing, and utilizing The BRRRR Method.

 

Episode 558 The IRS and $80 Billion
September 28, 2022
Congress just gave the IRS 80 Billion dollars. I’ve got CPA Matt Lents on the line and we are going to talk about the implications. It’s so important we are doing this NOW.
 

Flipping America REIA News

Wednesday, October 5, Roger is going to share his top secrets for Negotiation. He says, “there are maybe 500 things you can learn about negotiation through various courses, but you might be too busy as an entrepreneur to remember 497 of them. If you master just three things, you will be a 95% better negotiator.” 

Flipping America News

For all of you in the Atlanta area (or those that can get here). I’m doing a book signing at the Publik Draft House (aka PDH) in midtown Wednesday, October 12, 6:30-8:30. I will have copies on hand if you don’t already have yours. PDH is in the same building complex that houses the world famous Fox Theater, 654 Peachtree St NE, Atlanta, GA 30308. Parking is on the street or across the street in the hotel. 

A great companion with this book is the online course, FlipStarter, which for a limited time is just $147 (regular price $999). This offer is extended until October 13 but is definitely going away. Click here. No coupon code needed. 

We have scheduled a LIVE presentation of FlipStarter in Atlanta Jan 13-15, 2023. If you buy a ticket to the live, you get the online course, but here’s the real kicker – if you buy the online course between now and then, you will also get a ticket to the live presentation. 

Submit your deals for review, your jokes, and your real estate stories to info@flippingamerica.net.

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