Flipping America

We've all heard the saying, "don't count your chickens before they hatch." Wise words, but in our real estate businesses, some of those chickens hatch and we need to count them. In a moment I'm going to tell you how the TV shows get this seriously and dangerously wrong. Today we are going to talk about how to figure out what you made on your property. We will include all of your known expenses and...

How much is enough? Is there one answer that will fit all people? Is it possible that the experts are wrong? Will you be able to retire and live comfortably without financial distress? Is that even a good idea? What? I'll explain.

Commercial real estate is similar in many ways to residential real estate, but one thing is vastly different: commercial capital. We need an expert, and I have one for you today. Paul Winterowd is joining us on this episode of Flipping America. Commercial capital differs not just in the amount of money but also in the complexity and the number of players. In short, the different components of capi...

You can sell a property with massive capital gains and defer your taxes by using a Deferred Sales Trust. For some this is a good alternative to a 1031 exchange. You will need an expert to help you set this up and I have one lined up for you today. Brett Swarts is considered one of the most well-rounded Capital Gains Tax Deferral Experts and informative speakers in the U.S. He is the Founder of Cap...

A lot of people start by flipping houses and then evolve into something else. That's our story today with Derek Dombeck, but you won't believe what he's into now. And it's something we've never had on this show. Derek Dombeck is a hard money lender in Green Bay Wisconsin. Before that he was a house flipper. Before that he worked in construction. But what he's doing now, in addition to the hard mon...

People have been teaching the "no money down" method of real estate investing for many years now. Long before I had heard the name of any real estate teachers I was doing my own version of "no money down" deals. I had bought and sold more than 500 houses - full fix and flip projects before I used a dime of my own money in a deal. Today I'll tell you how.

How do you overcome fear and have the courage to do your first deal? This is a question I get quite often and today I'm going to answer it. This episode is for everyone who has hesitated and missed deals - and for those who have hesitated and NEVER done a deal. I'm going to help you say yes to the right opportunity. I understand the concern. I've been there - looking at a deal that looks ok, but n...

The real estate market is starting to slow down. Are the alarm bells ringing in your head? If not, should they be? You won't know until you know the facts. And if you want the facts, I'm going to give them to you in this Market Report for the Third Quarter, 2022. I really am tired of hearing people claim a crash like 2008 is coming. I've been hearing it since 2018. I didn't believe it then because...

business, we often love the idea of the income but don't always bring risk analysis into our consciousness.

Last week the national average for a mortgage topped 6.7% for the first time in many years. What does this mean for real estate investors and what does it mean for YOU? Find out today on Flipping America. Rates are expected to inch further up over the next few months as the Feds seem to be the only parties in Washington genuinely interested in countering inflation. In case you hadn't noticed, the...

Congress just gave the IRS 80 Billion dollars. What does this mean for entrepreneurs and real estate investors? Some say we are facing enhance enforcement and in the minds of the IRS, real estate investors are easy pickings. 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.

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 woul...

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 minute...

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...

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 number...

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-ye...

Ok kids, it's time to open the mailbag and answer some of your questions. Today we are focusing on questions concerning rental properties.

Mortgage rates are up, therefore home payments are up. Does it make sense to buy or should you rent? The answer is never as clear cut as you might think. Today I will sort through the issues and help you understand the best answer for you and your situation. One of the questions we get quite often is a variation of "should I rent or should I buy?" The person asking will usually fill us in on some...

Since 2015 it's been increasingly difficult to find good deals on flips in our own backyard. So since the cheese got moved we moved along with it. We've done flips in every state that touches Georgia and we've wholesaled properties in a total of 28 states so far. Today I have a very special guest. Helen Ishii is one of my mentoring students who is now managing her first out-of-state flip. We are g...

It's one of my most favorite times of the year - the beginning of the college football season. I can barely tolerate the political posturing and virtue signaling of all professional sports these days, and I find watching baseball or golf is just an inducement to take a nap. So as the years go by I'm increasingly stoked about the start of the college football season. How does this tie in to real es...

A lot of talk, several books, and valuable minutes of nearly every self-help seminar conducted in the past 10 years have been devoted to the topic of "Knowing Your Why." It's a trend for a good reason. It's important to know your Why and it's important to get beyond trivial things like "money" and "the stuff you buy with money." I value and salute the idea of "knowing your Why." But today I'm goin...

The first thing we tell you is "don't quit your day job." But you just won't listen to me so the next thing I'll tell you is "how to quit your day job." Passion is overrated. Job stability is underrated. Financial security is a big plus in life. Your real estate career will take off and blossom if you can stay in your job while you get started. You'll enjoy financial security and the luxury of eas...

You've got questions? We've got the internet, er, we've got experts, um, we've got the Realty Bluebook. Seriously, today on Flipping America, we've got a pile of answers coming your way. Hopefully some of them will connect with your questions. Here's your reminder that if you have questions about real estate or real estate investing, you can send them to questions@flippingamerica.net. Or you can c...

It doesn't matter how many times you get knocked down. As long as you get back up. Everyone listening to my voice has been down. Some of you are right now. Today I'm going to help you get back up. Adversity is baked into the human experience. Bad things happen to us beyond our control. Bad things happen because of our choices (those can often be worse on our psyches). Sometimes, we feel bad. Somet...

Have you ever wished you could just type an address into your computer and let it tell you whether or not it would be a good investment? That day has arrived. For years I've wanted to speed up deal analysis. I've written formulas, created spreadsheets, even built my own relational database. I have tried every product out there, spent thousands of dollars and hundreds of hours just trying to save t...