FAR 082 Expected Air Date: 10/30/17 Trends:
- Questions@flippingamericaradio.com Tell us where you’re from!
- Like us on Facebook. www.facebook.com/flippingamericamedia
- Check in with us every Tuesday for “Tuesdays at Two”
- Follow us on Twitter @FlippingAmerica
- IF WE READ YOUR QUESTION ON THE AIR, WE WILL SEND YOU A TICKET TO OUR NEXT FLIPSTARTER EVENT. THAT’S A $97 VALUE!
News:
- When to drop your selling price in today’s market. https://www.cnbc.com/2017/10/27/how-to-know-when-to-drop-the-asking-price-on-your-home.html
- A solution for vacant retail space! I predicted it… http://www.sun-sentinel.com/local/broward/sunrise/fl-sb-apartments-shopping-center-sunrise-20171027-story.html
- Ten Trends for 2018 https://www.curbed.com/2017/10/26/16554900/real-estate-trends-housing-affordability-urban-development
- The slow-down is starting. https://www.msn.com/en-us/money/realestate/stuck-in-place-u-s-homeowners-hunker-down-rather-than-move/ar-AAubp7w?ocid=ob-tw-enus-634
Investor Uh-OHs:
- Send in your uh-oh. Help us all learn and grow.
- Randy, from Sylva, NC. “I bought a house and did a nice job (so I thought) fixing it up. I peeked into the crawl space but never went under there. It was tight and I’m a big guy. When we sold it, the home inspector told us there was standing water in the crawl space that had led to some minor wood rot and could lead to other problems in the future. The water was due to the grading of the lot. The only thing to do was repair the damaged wood and install a sump pump to deal with future water issues. The $1800 that cost came right out of the bottom line. We would have bought the house and done the deal anyway, but it was disappointing to have to spend that money.”
- LESSON: If you’re not going under or on top of the house, hire a home inspector when you buy it.
Emails: Questions@flippingamericaradio.com Tell us where you’re from! Randall, Mountain Brook (Birmingham), AL “I enjoy the show but I don’t want to fix and flip. I have some money and want to invest passively in RE. What do you recommend?” Carmen, Littleton, CO. “I have switched my 401k to a Roth IRA and want to invest in Real Estate. I don’t want to do the work, I want to be the bank. I only have 200k to put into this. Where do I begin?” Laura, Atlanta, GA “What can I do to put 120k to work from my Roth IRA?” Rachel, Chattanooga, TN, “I have a 401k and it’s doing ok, but I think I could make more money in real estate. Tell me how to switch it to a ROTH IRA.” Topics: Passive Income in Real Estate I DON’T RECOMMEND. But here are some things you might want to consider. REIT Shares in publicly traded RE company Crowd Funding Individual house flippers Hard Money Lender Flipping America Private Lending Program.