I frequently say that even though this show is called “Flipping America” we don’t encourage everyone to drop what they are doing and start flipping houses like you see on TV, We DO encourage everyone to consider real estate as a balanced part of an investment portfolio. To that end we try to bring you the very best in information, inspiration, techniques, approaches, opportunities, methods, and the people that make those ideas work. Today we have Kim Kesterke joining us in just a few minutes and she is one of those who loves her job and wants to keep it. I think she is actually in the majority out there. She started investing in rental properties remotely and self-manages them remotely. In fact she does this so well she’s never had an eviction. Now she has a course called the W2 Landlord which you will hear about today and you might have an opportunity to be a beta tester for it. That’s coming in a few minutes.
Later on we are going to wrap up the topic we started last time called “Contract to Closing.” This seems like a rather mundane part of the deal and I suppose it is. But many contracts fall out and do not close. Sometimes those fallouts could have been avoided if the parties had been more prepared. So let’s prepare!
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Announcements: * The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.com. * Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. * FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities . * “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart.
News: * Here’s a look at eviction statuses across the country: https://www.nreionline.com/multifamily/current-status-eviction-bans-state?fbclid=IwAR3Pl7fjfWzgXm_qUQ4wilhNTzmWybmqIR8DegcKQP-w0cPBa0CYefxYkrs * The industry pushes back on the new FHA refinancing fee. https://www.housingwire.com/articles/housing-industry-turns-against-fannie-freddies-added-refinance-fee/
Topic: Contract to Closing Questions: * Samantha, Pittsburgh, PA, “Two questions, 1) is it too late to join the Buyers Club? And 2) How will I know what to do with the property I buy?
Motivational Thoughts for the day Warren Buffett series 'Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years'