FAR 053 Topics: “FlipStarter” is September 23-24. EJ Lashlee Jennifer Hammonds Jay Conner Bruce Mack Banks Brazell Roger Herring Karen Anderson What you need to know to jump on one of the best business opportunities in America. Trends: Use of Technology. Tell me how you use this tech in your business! Questions@flippingamericaradio.com Tell us where you’re from! News: The Hamptons again - High end properties are just sitting there. Today’s young wealthy don’t appear to want the mega mansions. Matt Laurer just reduced the price on his home in the Hamptons by $2M. Scams: You’ve been approved! Edutainment Story of the day Joey went out and inspected the two brand new HVAC units at his flip. He then went back to the office and cut the check to pay the contractor for them. He was back out at the property two days later and the brand new units had been stolen. It didn’t look like an amateur hack job. Someone had taken the time to properly disconnect the units. After filing the police report, what did Joey do next? He led the police to the home of his HVAC guy and lo and behold, there they were, sitting on his trailer. The HVAC guy at first claimed they were not Joey’s but had just been purchased for another job. How did Joey prove his case? He produced his phone with multiple pictures of the units, and the metal tag with their serial numbers! Motivational Thoughts for the day Overcoming Fear: Set your goals Make your plans Mitigate Risks Mentor Up Dip Your Toe(?) Make the Plunge Emails: Questions@flippingamericaradio.com Tell us where you’re from! J.M. from Nashville, TN. Please explain the difference between “Lease Purchase” and “Lease Option”. Which should I use in leasing out a property I want the people to buy. The house is about a 45 minute drive and I don’t want to run out there and replace light bulbs or unclog toilets.” Carl from Sandy Springs, GA “I can’t tell by just looking at a house how much it is going to cost to rehab. And if I don’t know that number I can’t use your formula to make an offer. Please help. I’m stuck.”
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