Election Investing Flipping America

As we recorded this call, we had not held the election. When this show is released we might still not know the winner. Although if it’s close I predict the media will declare Biden the winner and portray Trump as a sore loser if he files a lawsuit contesting the results. This prediction is pretty obvious don’t you think? We shall see. But at any rate, eventually we will have a President. Today we are going to talk about how much it matters to real estate investors who that person is. Spoiler Alert: it doesn’t. 
We are about to have a visit with Mr. Gordon Catts, 50 year real estate investor, former realtor, appraiser, lender, apartment syndicator, trainer, and many other things. He says his kids just call him a “real estater.” We are fortunate to have him join us today on a bit of short notice. That’s coming up in just a few minutes. 
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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. Questions Calvin, Fort Worth, TX, “How do you figure repair costs to make offers on remote properties?” Sarah, Stone Mountain, GA “I heard you say that new fix and flip investors shouldn’t do major rehabs. Why is this and what do you consider major?” Kendra, Jacksonville, FL “How much should I be concerned about a requirement that my buyer get flood insurance?” Arnold, Phenix City, AL “My company is organized in Alabama, but we are near the Georgia state line and would like to acquire properties there. What are the implications of this? Do I have tax issues?” Scott, Bowling Green, KY “Is it possible to make a living in real estate while living in a small town? If so, how?” Alexis, Katy, TX “I’m interested in the Buyers Club but I’m wondering how you review and evaluate properties all over the country before buying. You must be on the road constantly!” Dina, San Jose, CA “I have a great career and want income to be as passive as possible, with as little interaction as possible with local buyers. Is this possible?” Kimberly, Modesto, CA “Is it possible to do a complete due diligence process on the properties in the Buyers Club before buying? Motivational Quote: “Everything takes longer than it takes -- and costs more than it costs.” -Roger Blankenship