Today we continue and conclude our recent conversation with Paul Montelongo. Paul has done a bit of everything but has settled in with multi-family. He has a mentoring program which you will hear a little about on the call today. 

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Sponsors

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The Flipping America Buyers Club bit.ly/flippingamericabuyersclub

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:

“Focus on what you want, not what you don’t want.” -Ramon Tookes