Flipping America 312, The Best Places to Flip
12/13/19 • 60 min
We are in our “Best Places” series of shows to end up the year. Last time we talked about the best places to live. I reeled off more than 100 great places to live and pointed out that the lists were different because of the different criteria used and the relative importance of those criteria. Today we are going to talk about the best places in America to flip properties. I have several lists, although a few of them got their data from WalletHub and are therefore not original. What you will see is that even in a business driven by the numbers, there is still room for some disagreement. Although I don’t know what the heck Bob Vila was thinking in his list. But you’ll hear it coming up!
How to contact uswww.RogerBlankenship.com. Leave a voicemail right from the home page!
Facebook.com/flippingamericamedia
Twitter and Instagram @FlippingAmerica
Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question.
Email your questions to [email protected]. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don’t mind.
SponsorsAmerican IRA: www.americanIRA.com
Civic Financial: bit.ly/CivicFunding
Announcements:- We normally meet every Wednesday and Thursday but we are done for the holidays. No meetings in December.
- 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.
- Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.
Next year will be hard on the housing market, especially in these big cities
https://www.cnbc.com/2019/12/04/harsh-housing-forecast-for-2020-especially-in-these-big-cities.html
These States Have the Lowest Mortgage Refinance Rates
https://magazine.realtor/daily-news/2019/12/04/these-states-have-the-lowest-mortgage-refinance-rates
Market Strength to Continue Next Year, Freddie Predicts
6 Cities Where You Need A Six-Figure Salary To Afford A Median-Priced Home
2020 Real Estate Outlook: Expert Predictions For Mortgage Rates, Home Prices, Tech And More
Topic: Where to FlipOur Criteria
- Population growth
- Average Days on Market / Market Saturation
- Existing home inventory / pool of motivated sellers
- Team: Contractor(s) Realtor(s)
- Balance between costs and returns.
- https://www.cnbc.com/2018/05/09/10-best-states-for-turning-a-profit-on-flipping-a-house.html
- https://www.housingwire.com/articles/49738-here-are-the-top-10-best-and-worst-places-to-flip-a-house/
- https://wallethub.com/edu/best-cities-to-flip-houses/23158/
- https://www.fortunebuilders.com/house-flipping-the-top-5-cities-...
We are in our “Best Places” series of shows to end up the year. Last time we talked about the best places to live. I reeled off more than 100 great places to live and pointed out that the lists were different because of the different criteria used and the relative importance of those criteria. Today we are going to talk about the best places in America to flip properties. I have several lists, although a few of them got their data from WalletHub and are therefore not original. What you will see is that even in a business driven by the numbers, there is still room for some disagreement. Although I don’t know what the heck Bob Vila was thinking in his list. But you’ll hear it coming up!
How to contact uswww.RogerBlankenship.com. Leave a voicemail right from the home page!
Facebook.com/flippingamericamedia
Twitter and Instagram @FlippingAmerica
Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question.
Email your questions to [email protected]. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don’t mind.
SponsorsAmerican IRA: www.americanIRA.com
Civic Financial: bit.ly/CivicFunding
Announcements:- We normally meet every Wednesday and Thursday but we are done for the holidays. No meetings in December.
- 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.
- Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.
Next year will be hard on the housing market, especially in these big cities
https://www.cnbc.com/2019/12/04/harsh-housing-forecast-for-2020-especially-in-these-big-cities.html
These States Have the Lowest Mortgage Refinance Rates
https://magazine.realtor/daily-news/2019/12/04/these-states-have-the-lowest-mortgage-refinance-rates
Market Strength to Continue Next Year, Freddie Predicts
6 Cities Where You Need A Six-Figure Salary To Afford A Median-Priced Home
2020 Real Estate Outlook: Expert Predictions For Mortgage Rates, Home Prices, Tech And More
Topic: Where to FlipOur Criteria
- Population growth
- Average Days on Market / Market Saturation
- Existing home inventory / pool of motivated sellers
- Team: Contractor(s) Realtor(s)
- Balance between costs and returns.
- https://www.cnbc.com/2018/05/09/10-best-states-for-turning-a-profit-on-flipping-a-house.html
- https://www.housingwire.com/articles/49738-here-are-the-top-10-best-and-worst-places-to-flip-a-house/
- https://wallethub.com/edu/best-cities-to-flip-houses/23158/
- https://www.fortunebuilders.com/house-flipping-the-top-5-cities-...
Previous Episode
Flipping America 311 Great Places
We are winding down to the end of 2019. It’s been an interesting year to say the least! Over the next several shows we are going to review this past year, look ahead to 2020, and consider some of those lists we love. On the last show we started looking at some of the Best Places lists. We continue with that today and we will begin with the Best Places in America to live. If these are great places to live, they are also great places to invest. Some of the results will surprise you and there are several towns I’m betting you’ve never heard of. We have results from the usual suspects such as Money magazine, US News and World report, cnbc.com, and USA today, but we also have results from a couple of websites you may not be familiar with, Niche and liveability.com. These two sites add an interesting spin on the best cities. I can tell you right now we are going to name a LOT of nice cities and towns in the next few minutes - the lists are not identical - in fact they are remarkably different because they use different criteria and weighting factors. But the point is, there are great places to live all across the country. And every one of those places will have a part of town that isn’t quite as nice as the rest of the town. Another piece of the story is that almost any place can be a good place to live depending on your personal criteria. For example, if you love golfing and motorcycling, almost no place in Minnesota will be ideal for you. But if you love winter sports, snowmobiling, and long winter nights in front of the fireplace, it could be just right.
How to contact uswww.RogerBlankenship.com. Leave a voicemail right from the home page!
Facebook.com/flippingamericamedia
Twitter and Instagram @FlippingAmerica
Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question.
Email your questions to [email protected]. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don’t mind.
SponsorsAmerican IRA: www.americanIRA.com
Civic Financial: bit.ly/CivicFunding
Announcements:- We normally meet every Wednesday and Thursday but we are done for the holidays. No meetings in December.
- 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.
- Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.
- https://www.cnbc.com/2019/04/15/us-news-world-report-best-places-to-live-in-the-us-in-2019.html
- https://www.businessinsider.com/us-news-best-places-to-live-in-america-2016-3
- https://www.niche.com/places-to-live/search/best-cities/
- https://money.com/money/collection/best-places-to-live-2019/
- https://www.usatoday.com/story/money/2019/09/10/americas-50-best-cities-to-live/40089949/
- https://www.mentalfloss.com/article/600133/best-places-to-live-america-2019
- https://www.cntraveler.com/galleries/2016-03-04/the-best-places-to-live-in-the-us
Call 404-369-1018, press 1 and leave your message!
Motivational Thoughts for the day- “You rarely have time for everything you want in this life, so you need to make choices. And hopefully your choices can come from a deep sense of who you are.” - Mr. Rogers
Next Episode
Flipping America 313, The Best Places to Own Rentals
Hey everyone! We are back with our Best Places Series and today we are going to be talking about the best places to own rental properties in 2019 and probably 2020 as well. I have a bunch of websites and a variety of opinions about this and again, it all comes down to the criteria and weighting factors used in developing the scoring system. Carissa from Macon, GA asked me to explain the weighting factors and what I mean by that. So I will. It comes from the world of statistical analysis. Let’s take for example the Flipping America Property Grade.
Mileage - a factor, but not as important as the profit.
Profit not as important as ROI, but profit still should be above 20k to make it worth your while.
How to contact uswww.RogerBlankenship.com. Leave a voicemail right from the home page!
Facebook.com/flippingamericamedia
Twitter and Instagram @FlippingAmerica
Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question.
Email your questions to [email protected]. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don’t mind.
SponsorsAmerican IRA: www.americanIRA.com
Civic Financial: bit.ly/CivicFunding
Announcements:- We normally meet every Wednesday and Thursday but we are done for the holidays. No meetings in December.
- 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.
- Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.
Fed Cuts Rate for Third Time This Year, Hints at Pause
https://www.realtor.com/news/real-estate-news/fed-cuts-rate-for-third-time-this-year-hints-at-pause/
Multifamily Investors Are Spending More Capital in Secondary and Tertiary Markets
Closing on a House: 10 Common Problems to Spot in a Final Walk-Through
What’s the Impact of Nearby Transit on Office and Multifamily Property Values?
Most U.S. Home Building Primarily in Millennial Areas in 2019
Topic: Where to own RentalsOur Criteria
- Population stable - not declining
- Strong middle class employment picture
- Relatively low home prices
- Quality of schools
- Stability of neighborhoods
- Potential long-term upside
- https://www.realwealthnetwork.com/learn/best-places-to-buy-rental-property/?gclid=CjwKCAiAlajvBRB_EiwA4vAqiEnKnNzepkihunLgwyl16vlCj_9V_0p5m91Gdh2D5ywJDNJEMG6pfhoChwcQAvD_BwE
- ...
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