Click on the media player below to listen to our Blog Talk Radio program with Adam Rappoport.
We discussed his experiences with flipping houses in San Diego, hard-money lending, and his newest venture, buying properties to hold for investment out-of-state.
http://www.blogtalkradio.com/jim-the-realtor/2012/02/28/adam-rappoport-on-btr-with-jim-the-realtor
Unfortunately work precluded me from listening live and throwing out questions; looking forward to the transcript.
The mp3 was un-listenable, with bursts of static once every second:
http://www.blogtalkradio.com/jim-the-realtor/2012/02/28/adam-rappoport-on-btr-with-jim-the-realtor.mp3
The sound quality on the media players was fine, are you talking about the content?
BTR can host a decent show, but the rest of their extras are lacking.
Adam, not sure if you review the responses. If so, can you explain how you split the loans in your wife and your name so you are not capped at 10 properties? Is this easy to do? Can you do this retroactive? Thanks
I’ll attempt to answer – if both husband and wife are on title and loan now, you’d have to refiannce in just one person’s name.
As individuals instead of husband&wife, you should be able to double down, and finance 10 properties each.
Jim, thanks for providing the recording, once again I missed the original broadcast. 🙂
Dan, I’m ~15 minutes into the recording using Windows Media Player and I don’t hear any static.
I’m not sure how else to explain. I downloaded the MP3 version per the URL I listed and there was a periodic burst of static just about once every second when I listened. Yes, I later used the media player version and that didn’t have the static bursts.
Thanks Dan for the input.
I pay extra for the premium account, so I guess that means I get premium noise? They are unresponsive at customer service, so we’ll have to live with it.
I was able to listen to the replay from the link without any issues.
It was interesting to hear about the margin compression in SD from Adam. I think he mentioned his last flip had about a 7% profit margin.
That’s way too small because one issue puts any positive return in jeopardy.
We noticed the same thing in Phoenix at the auction. A few big players controlling the market and margins below 10% on anything decent.
So I tried downloading the MP3 and listening from home on my PC with Windows Media Player and it sounded fine.
I tried downloading the MP3 and listening again at work using the media player we use here ( XMMS http://xmms.org/about.php ) and I still get the static bursts. I’ve never had a problem with XMMS before.