Weekly WIT, September 26, 2022

This week in Summary

Investing Tip of the week

Sometimes the worst thing you can do is “like” a deal. When you like it, it becomes difficult to let it go when, after further analysis, it starts looking like it’s not a deal. When you find yourself trying to “make it work,” do this instead: Let it go.

Joke of the Week

The only thing flat earthers have to fear…
…is sphere itself.

I actually read a quote where one flat-earther claimed they were gathering more followers all around the globe. 


Blessing of the week

May the Irish hills caress you.
May her lakes and rivers bless you.
May the luck of the Irish enfold you.
May the blessings of Saint Patrick behold you.

The Flipping America Show

Episode 553 No Crash Coming
September 12, 2022
From Roger’s Intro: Ignore the click-bait wannabes. They have routinely declared the housing crash is imminent every year since 2017. Perhaps eventually they will be correct. But not this year. Interest rates are worth watching and I predicted the current uptick in the rate of foreclosures (Covid-related). This will go back to pre-Covid levels in early 2023. Other indicators show a continuing strong demand for not-yet-enough supply.
Episode 554 What Makes a Deal?

September 21, 2022
From Roger’s intro: “It’s been a crazy few years in this business. I get hundreds of leads from dozens of wholesalers every day. Maybe 1 out of 20 is a deal worth giving a second look. And maybe 1 out of 100 is something I would do. But they apparently sell these properties because they keep coming around with more of the same. Today, I’m going to talk about what makes a deal a deal. And it’s more than just the numbers. When sellers (or my TV) says ‘Let’s Make a Deal’ I say ‘What Makes a Deal?’ We will find out today on this episode of Flipping America. 

You’ve heard the phrase, ‘There’s a sucker born every minute.’ PT Barnum of Barnum and Bailey circus fame supposedly said that, although there is no evidence he ever did. I want to add to that: A lot of those suckers bought $50,000 real estate training from a hotel room and now are justifying that expense by paying too much for investment properties.”

Episode 555 Cost Segregation
September 22, 2022
From Roger’s intro: “There are a lot of big words and complicated ideas that make up the world of real estate investing. My job is not only to help you understand them, but to also entertain you in the process. How’s this for entertainment? If you master today’s topic, you could save or defer tens of thousands of dollars in tax liability. Today on Flipping America!
  Cost segregation sounds like a topic you might cover in finance or accounting courses and although not as complicated as ‘internal rate of return’ or as obtuse as the ‘weighted average cost of capital’, it definitely needs a sexier name. How about ‘Save a pile of money on Taxes’? Well, there are several ways to do that, so we need something more descriptive. After thinking long and hard about all the possibilities, I’ve decided that “cost segregation” is as good as we are going to get.”  

Flipping America REIA News

Wednesday, Sept 28, 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

You didn’t miss the WIT last week – Due to traveling, we didn’t publish one. Hey, it’s a free newsletter! No whining!

Book update: Thank you SO much! Roger’s new book, “Flipping Houses in Ten Days” has now been certified an INTERNATIONAL number 1 bestseller! If you don’t have it yet, you can get your copy by clicking here

A great companion with this book is the online course, FlipStarter, which for a limited time is just $147 (regular price $999). Act now. It’s a limited offer, but once you pay you have lifetime access. Click here. No coupon code needed. 

Another big reveal is just weeks away. Stay tuned!

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

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