Investing In Real Estate With Lex Levinrad

Latest Episodes:

Either Prices or Interest Rates Need To Come Down Dec 16, 2023

Creating A Life of Financial Freedom Jul 26, 2023

On today's podcast I talk about creating a life of financial freedom.

I think this is a very approriate time for me to be talking about this becauase last week I returned from a two month trip to the Bahamas where I was living on my catamaran.

I was interviewed by my students Fred and Andy on Sunday night on an IG Live that they were hosting, and one of their main questions on that interview revolved around how to create financial freedom, and what it means to build your life by design and to have a freedom lifestyle.

But their real question was "How do you manage to be off the grid in the Bahamas for two months and still have your real estate business run so efficiently? So I thought I would talk about this concept of financial freedom on today's podcast episode.

Building a life by design means having intent in how you want to live your life, and then creating that life and that lifestlye by purposely planning for it. Learning how to invest in real estate and building a real estate business that buys and sells real estate is the best vehicle to help you achieve financial freedom.

If you have any questions, leave them in the comments.

Enjoy the podcast!

The Current State of The Real Estate Market Feb 08, 2023

On today's podcast episode, I talk about the current state of the real estate market and where I think the market is heading.

One of the questions I get asked the most is "what do you think of the market right now" or "do you think the real estate market will crash. This podcast episode answers those questions.

Disclaimer: I cannot predict what will happen. No one can. There are too many unknown variables like war, interest rates, the Fed, the dollar, stock and bond markets, etc. However what I can tell you is my opinion on what I see and how I interpret it. That is what this episode is about.

Prices have moved exponentially higher. I was looking today at houses that were worth $150,000 in 2000 that are now on the MLS at $300,000. In many markets, prices have doubled in two years. So be very careful of listening to the "Case Shiller Home Price Index" and other data that is put out by mainstream companies because a lot of this data is skewed because it's an "average" or "median" of the entire country.

Different cities and different States have completely different demographics, population growth, job growth and demand (or supply). Averaging this data gives us a big picture. But we cannot invest in our local market with data based on the entire U.S. Real estate is local. If my market is Port St Lucie, FL I am not interested in what is happening in Phoenix, Seattle, San Diego or Philadelphia. I doubt prices in Buffalo or North Dakota doubled in the past two years. Because no one is moving there. But people are moving to Florida. Florida has been hot and Covid exacerbated that. The past two years have been absolutely insane and it seems like everyone in the U.S. was trying to move to Florida. For that reason many people that are local do not see a problem in our local market. However based on my own research I am seeing some cracks forming.

What I am seeing on the ground is a little disturbing. 1/4 of the listings of the homes on the MLS in some cities are new construction homes built by builders in the past few years. Many of these were "build to rent" homes which were supposed to be purchased by hedge funds and private equity funds (and home buyers). But demand has dried up. No one predicted that rates would move from 3% to 6 1/2%. So these builders are sitting on excess inventory and have had to slash prices.

At the same time, their biggest buyers are drying up too. Many of the largest single family home buyer funds are not buying any more and have ceased their buying operation until they can get a handle on this market (and their inventory). Offerpad, Open Door and other iBuyers are hurting. Some of these operations even have going concern situations (Offerpad just dropped below $1 a share today). Invitation Homes and American Homes For Rent and most of the large Hedge funds have stopped buying too. They stopped buying around July/August of last year. Some only stopped buying at the end of last year. Now they know there is a problem.

So if the largest private equity and hedge funds, titans like Invitation Homes and American Homes for rent are not buying then what are they doing. According to my research they are selling. They are reducing the homes on their balance sheet and they are increasing cash reserves because they know what is coming. Goldman Sachs put out a report just last week of 4 cities that could see a 2008 type of decline. Those were San Diego, Phoenix, San Jose, and Austin. None of those cities are in Florida, but often when troubles start in hot markets like Phoenix, that pain spreads to other cities and towns (and States). And prices being marked down affects their balance sheet, their financing and how much lenders are willing to lend.

It looks to me like the smart money (Wall Street) is not buying houses and is selling houses. So So my question is who is going to buy all of these houses? The first time home buyer has seen rates moved from 3% to 61/2% in the past 12 months. The average home buyer has sticker shock when they see what their mortgage payment will be. They simply cannot afford it. So either rates have to come down or prices have to come down. Listening to the Fed Chairmen Powell, I don't think rates will come down too much. He says rates are going up (he said that yesterday).

So do I foresee a price decline? You bet I do. I see prices that are already down 10% to 15% in my local market. The Core Logic Us Home Price Insights Report (which came out yesterday) shows a that home prices increased 6.9% from 2021 to 2022. That data tells us nothing about what prices have done in the past 6 months. Prices could have gone up 16% and then dropped 10% resulting in a 6.9% year over year increase. In my local market I see declines at 10% to 15%. New home builders have slashed the prices of new homes from $420,000 to $380,000 in just the last 3 months. That's a 10% decline. Core Logic says prices will down 3% for the next 12 months. I would really like to believe that - but I don't. I think it's more likely that they are down that amount in 1 month!

Be careful in this market. Pay attention to what the home builders are doing and how they are pricing their new homes. If the prices of new homes are being marked down, then what does that do to the price of existing older homes?

Watch the iBuyers and whether or not they start buying again and whether or not some of them go out of business. That will affect demand and supply. Listen to the earnings calls of the large publicly traded companies and read their reports and what is written in them. Pay attention to details. I believe that prices will come down and that 2023 and 2024 will be a great time to buy real estate. At some point the Fed is going to have to pivot and start lowering rates again. And when they do (whenever that is) it will be the start of another run up in real estate prices. And the hedge funds and private equity funds will be ready to pounce. So Be patient. Wait for the right price and then when you see deals that make sense buy them. Buy anything that will cash flow for you. And don't forget to keep an eye on interest rates. These new homes if they decline another 10% to 15% would look like really good long term buys to me. Keep an eye on that and their prices (and price per square foot).

PPC & SEO For Motivated Sellers With Brandon Bateman Oct 19, 2022

On today's Podcast, I interview my friend Brandon Bateman about Pay Per Click (PPC) and SEO For motivated sellers. I first met Brandon at my Collective Genius mastermind when I was introduced to him by a mutual friend. Brandon is running the PPC and SEO campaigns for some of the biggest real estate investors in the country (including many of my friends in my mastermind). Since we spoke about motivated seller marketing on the last podcast episode on this show, I thought it would be a great time to ask Brandon to come on to the podcast so that he could share some of his PPC and SEO Wisdom with all of my listeners. This episode is packed with a lot of information related to marketing to motivated sellers. We talk about Google Ads (PPC), Facebook Ads, Search Engine Optimization (SEO), website design and many other concepts related to motivated seller marketing. Brandon is an expert in PPC and SEO, so get out your notepad and make sure you take some good notes from this podcast episode! OUR REAL ESTATE TRAINING PROGRAMS If you are brand new to real estate and want to learn more about our real estate training programs, investing in real estate, buying rental properties, wholesaling real estate, and fixing and flipping houses then please register using the free webinar training links below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FREE FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses, I have a free fixing and flipping houses training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad http://tiktok.com/@lexlevinrad/ DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING BANK OWNED PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best-selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

Marketing to Motivated Sellers Oct 06, 2022

On today's podcast episode I talk about marketing to motivated sellers. The main difference between new real estate investors, and expert real estate investors is the willingness to spend money on marketing. And this really boils down to understanding marketing costs and how marketing to motivated sellers really works. The first thing that you need to understand is cost per lead. If I mail out 10,000 postcards at a cost of 42 cents per postcard then my mail campaign cost me $4,200. If I get a response rate of 1/4 of 1 percent then that would work out to be 10,000 x 0.0025 which is 25 leads (sellers). If I spent $4,200 to generate those 25 seller leads, then my cost per lead is $4,200 divided by 25 which works out to be $168 per lead. So with that marketing campaign my cost per lead is $168. If after speaking to those 25 sellers, only 10 are truly motivated to sell and I decide to go on 10 seller appointments then the cost per seller appointment is $4,200 divided by 10 which is $420 per appointment. If I can close 1 out of 10 appointments then I would be able to buy 1 house and my cost per contract (house) would be $4,200. If I could buy 2 houses out of the 10 appointments then my cost per contract would be $2,100. Currently this is what our average cost per lead looks like for the past 30 days Pay Per Click $236 per lead Facebook Ads $78 per lead Direct Mail $203 per lead I find the most consistent deals to be from direct mail and pay per click (Google Ads) A good acquisitions rep can close one out of 7 to 10 leads. An average acquisitions rep can close one out of 15 rep. And a not so great acquisitions rep can close one out of 20 leads. If your average lead cost is $200 and it takes you 20 leads to close a deal then your cost per deal is $4,000. If you are good, you should be able to bring your cost per deal down to half of that. I have found that on average most deals cost around $3,000 to $5,000 once you factor in everything. If you add in overhead and payroll then that number can go up to $6,000 or more. But if you are just starting out, and you don't have overhead and staff you should be able to get a house under contract for a marketing spend of $5,000. So to be conservative, you should be willing to spend $5,000 to generate a deal. Let's look at it another way. If you are buying houses to fix and flip or keep as rentals from wholesalers that are marking a deal up $20,000 or $30,000 then you are paying $20,000 or $30,000 more for that house. You just don't feel it because you didn't spend the money in marketing to generate the contract. But if you had spent $5,000 to get that same house you would actually have saved yourself $25,000. That is how you should be looking at it. That's not to say that you shouldn't buy from wholesalers. You should buy any good deal you can find. But you will find more deals at better prices if you are marketing to motivated sellers directly. Do you want to be competing with every other cash buyer out there looking for deals from wholesalers? Or do you want to learn how to get deals yourself? At the end of the day, regardless of whether you are wholesaling, buying rentals, Airbnb's or fixing and flipping houses you are better off marketing to find the deal yourself since you will eliminate a lot of competition. And if you are going to be marketing to motivated sellers, then you need to understand that there is a cost to generating a contract. And you should be willing and able to spend that marketing money to generate those deals. If you are just starting out and you don't have a marketing budget yet then use guerilla marketing methods like bandit signs and driving for dollars to generate your first few deals. OUR REAL ESTATE TRAINING PROGRAMS If you are brand new to real estate and want to learn more about our real estate training programs, investing in real estate, buying rental properties, wholesaling real estate, and fixing and flipping houses then please register using the free webinar training links below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FREE FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses, I have a free fixing and flipping houses training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad http://tiktok.com/@lexlevinrad/ DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING BANK OWNED PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best-selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

Is The Real Estate Market Going To Crash? Aug 16, 2022

On this podcast episode I talk about one of the most frequent questions I am asked lately, which is: "Is the real estate market going to crash"? While I don't think it's going to be like 2008 (although there is a very small chance it could be), the more likely outcome is a pullback in prices that will entice buyers back to the table. The main difference between 2008 and now, is that the reason that we got into the financial crisis back then was because banks had made very bad loans to borrowers that should not have been getting approved for mortgages. There were No Income/No Job Loans (Ninja Loans), and No Income/No Assets (Nina Loans). Literally anyone with a pulse could get approved for a mortgage and "stated income" and "no doc" loans were very common. Many of these loans were adjustable rate mortgages which reset at a higher Interest rate and some of them were even negative amortization loans. We all know how that ended with the 2008 financial crisis (very badly). I suggest you watch the movie "The Big Short" to learn about what happened back then. I think that the banks learned from their lending mistakes in 2008, and so the lending criteria were much stricter after the financial crisis. So in theory, the quality of loans out there should be much better than the last financial crisis. There are also very few adjustable rate mortgages, and most of the mortgages are fixed rate mortgages, so there are much fewer mortgages that can reset. Also prices have gone up so much that many homeowners have substantial equity and could simply sell. So that's the good news. The bad news is that the foreclosure moratorium has ended, and that has created a backlog of millions of people in foreclosure. These foreclosures and pre-foreclosures will need to run their course through the market. Many of those houses will go back to the bank and become bank owned properties. And those bank owned properties will be listed on the market at a discount in order to entice cash investors to buy them. That is your opportunity as an investor to buy those houses at a huge discount. Those houses need to be sold, and that increase in inventory of houses listed on the market will put substantial downside pressure on pricing. I am seeing many more pre-foreclosure, foreclosure and short sale leads, something we have not seen in many years. Learn how to market to homeowners in pre-foreclosure. The increase in interest rates from 3% to 6% (and now back down to 5%) has made housing affordability a huge issue. Many borrowers have been "priced out" of the market or cannot afford the mortgage payment for a home at current interest rates and current prices. So something will need to give. Either the price, or the interest rate (or both). I expect rates to move higher and prices to move lower. This is yet another reason why we will see more inventory, more sellers, less buyers, and more pressure on prices moving down. And that assumes current interest rates. If rates go up substantially from here then that could be a big problem. We don't know what rates will do but there are economists that are predicting rates could be as high as 7% or 8% by year end. If that were to happen, prices will decline more. So do I expect a real estate market crash like 2008? No, but I do expect a pull back of prices of maybe 10% or maybe even to to be as bad as 20% to 25% lower than where we are right now. To put that into perspective, a $300,000 house that declines by 25% would make that house worth $225,000. So if you are looking at ARV, and saying to yourself that a house is worth $300,000 then consider what it might be worth in 6 months or 1 year from now (lower). Any price decline will result in more sellers getting nervous and more sellers putting their house on the market. Sometimes human psychology can create a market hysteria which causes people to not act rationally. Homeowners that are negative or have little to no equity might decide to "walk away" from their mortgage - although I view that as not that likely considering that so many people locked in low rate fixed rate mortgages. However, if that were to happen, that increase in inventory can put even more pricing pressure on the market. If you are buying houses now, I think it makes sense to build in a 10% to 20% safety margin on your purchases. So if you were buying wholesale deals at 70% to 75% of ARV six months ago, I would decrease those offers to 60% to 65% of ARV now. And whatever you do, make sure you are buying for cash flow and not appreciation. On fix and flips, assume the house will be worth 20% less than what current comparable sales show you. On rentals, if the house cash flows at current rates and you are buying at a discount of 65% to market value you will be fine long term. The biggest issue in the market right now is that there is a gap between seller's expectations and what they think they can get, versus what cash buyers are willing to pay. Seller's are still dreaming about getting the Zillow estimate that they saw online 6 months ago. A few months from now, they will realize that is indeed a dream and is not possible, and they will become more realistic and this gap between sellers and buyers will close. The price decline will be met with many savvy buyers stepping in to take advantage of the fire sale discount. In the last financial crisis hedge funds and private equity funds were not buying single family homes and residential real estate was not an asset class on Wall Street like it is today. Today there are 30+ Billion Dollar Private Equity Funds ready to buy single family homes as soon as prices decline. Black Rock, the world's largest asset manager has created a $50 billion distressed real estate fund that was created specifically for the purpose of buying real estate in the next decline. So any decline will probably be swift before prices recover. So how do you, as an investor play out this market? Adjust your purchase prices down. Learn how to market to pre-foreclosures and foreclosures and learn how to buy short sales and bank owned properties. And then take advantage of this dip in the market to buy as much real estate as you can! This will be an amazing opportunity for savvy investors. There will be houses for sale at substantial discounts. Will you be one of the smart investors buying up these houses? Will you be ready? If you are a new real estate investor, I recommend that you attend our Wholesaling Real Estate Boot Camp and our Foreclosures, Short Sales and Bank Owned Properties Boot Camp to learn how to buy these houses at a huge discount. The opportunity is coming and you need to be ready! OUR REAL ESTATE TRAINING PROGRAMS If you are brand new to real estate and want to learn more about our real estate training programs, investing in real estate, buying rental properties, wholesaling real estate, and fixing and flipping houses then please register using the free webinar training links below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FREE FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses, I have a free fixing and flipping houses training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad http://tiktok.com/@lexlevinrad/ DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING BANK OWNED PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best-selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

Creative Finance Methods That Work In Today's Market Aug 15, 2022

On this podcast episode I talk about creative finance methods that are working in today's market and how you can employ these methods to make you a better real estate investor. The biggest issue in today's market is that there is a gap between seller's expectations and what they think their house is worth, relative to what a cash investor is willing to pay. The reason for this is because prices went up so much for so long that sellers became accustomed to getting close to market value (or close to the Zillow estimate). When there is a gap between what a seller is willing to accept and what the cash investor is willing to pay, then often turning to creative financing methods will help bridge that gap. One strategy that helps sellers get closer to retail is the Novations Strategy which we spoke about with our guest Eric Brewer on a previous podcast episode. This works well if the seller wants a price that is close to retail, and will not come down to the price you are willing to pay for a cash offer. Another strategy that you want to be able to employ is buying "subject to the seller's existing mortgage" which essentially means taking over their mortgage payments. To do this right, I suggest you do it with an attorney and have the attorney handle the closing for you. Another strategy that is very useful is seller financing where the seller is financing your mortgage. This works well if the seller is older and is okay with receiving his payments over time. This allows you to give the seller his price as long as you get good terms (a low interest rate and a long term mortgage). The key thing to understand is the position of the homeowner relative to their equity. Do they have positive equity, no equity or negative equity? If the seller's equity is close to what they owe the bank, then their goal is to simply walk away from the house and pay off the mortgage. In a situation like this it would benefit you to know how much the mortgage payment is, whether that payment includes taxes and insurance and how long is left on that mortgage. This strategy is especially useful if the property could rent for a lot more than the mortgage payment. If the seller is negative equity, then the only thing you can do is a short sale. I suggest you hire a short sale negotiator and pay them a fee instead of trying to learn how to put a short sale package together yourself. If the seller has a lot of equity, or if they own the house free and clear, then you should be looking to see if they would be willing to do seller financing where the seller will finance the mortgage for you. You can do this by offering to pay them a fixed amount for a certain number of months, or by simply creating a fixed mortgage with an amortization schedule. The easiest way to do this is by using an online mortgage calculator to calculate the payment schedule. With so many leads currently being foreclosures and pre-foreclosures, it's a good idea for you to make sure that you understand how foreclosures work in your State. Many homeowners in foreclosure are emotionally "done" with the property and simply want to "walk away" (if they can). As a real estate investor you need to figure out if there is a way for you to buy their property, pay off the bank and let them walk away from the emotional headache that comes with being in foreclosure. You must know how to use creative finance methods when you are negotiating with sellers. You never know if a seller will be negative equity, breakeven equity, in foreclosure or whether they own a property free and clear. As an investor, you should have a solution for every one of these situations. OUR REAL ESTATE TRAINING PROGRAMS If you are brand new to real estate and want to learn more about our real estate training programs, investing in real estate, buying rental properties, wholesaling real estate, and fixing and flipping houses then please register using the free webinar training links below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FREE FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses, I have a free fixing and flipping houses training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad http://tiktok.com/@lexlevinrad/ DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING BANK OWNED PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best-selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

Interview with my Student Andy About Airbnb Rentals Jul 08, 2022

On this podcast episode, I interview my student Andy Saintilus and we talk about his success as a real estate investor, and how and why he transitioned from long term rentals to short term rentals. Andy is just 33 years old. He attended his first real estate training event with me around 5 or 6 years ago. Shortly after that, he signed up for my one on one coaching program. Over the past 5 years, Andy has purchased 10 rental properties in Miami using the Buy, Repair, Rent and Refinance strategy (BRRR). I loaned him the money on all 10 properties - which is one of the benefits of my coaching program. In the past few years, he has transitioned his long term Section 8 rentals into short term vacation rentals that are listed on Airbnb. He now has all 10 properties in Miami listed as short term rentals on Airbnb. Andy now generates over $50,000 a month in income from Airbnb. He has also increased his net worth by almost 2 million dollars. And he is only 33 years old! In November, Andy quit his corporate job for good. He now has a life of financial freedom. His story is truly inspiring. If you are a new real estate investor, listen to his story and get the motivation and inspiration that you need to start learning how to buy rental properties with other people's money using the buy, repair, rent and refinance strategy. Andy will be at our Airbnb and Short Term Rentals Boot Camp next weekend. If you want to attend call our office at (561) 948-2127

The Opportunity in Bank Owned Properties May 24, 2022

On today's podcast episode, I talk about the opportunity that will be created as a result of the ending of the foreclosure moratorium. The Foreclosure Moratorium ended in September 2021, however the CDC recommended that banks not pursue homeowners in foreclosure until the end of the 2021. Most banks waited until the end of last year. Many States require a 120 day "grace period" before the bank can sue or foreclosure on an individual that is not paying their mortgage. That expired at the end of April 2022. So we are now going to see many homeowners who have not been paying their mortgages start receiving notices of default (NOD) or Lis Pendens (foreclosure lawsuit). The net result is that many of these homeowners will have to face some hard realities. They will have to either sell their home or lose it to foreclosure. These homeowners who have not been paying their mortgage (some since March of 2000) are going to have only 3 choices which are: 1. Have the bank agree to a loan modification 2. Sell their home before the bank takes it 3. Don't pay and lose their home to foreclosure The net effect is that we should be seeing more inventory from these pre-foreclosures, as well as more short sales, and more homeowners listing their home for sale on Zillow. The end result will be foreclosure auctions at the court house which turn into bank owned properties. In many ways, this is a perfect storm. Interest rates have increased by 2 percent in just the past few months. War and inflation have created havoc in the financial markets. It will be very hard for real estate to remain resilient in the face of all this. I anticipate more foreclosures, more short sales and ultimately more bank owned properties. The net result will be more inventory along with less demand. As an investor, you should start by learning how the foreclosure process works in your State and you should start marketing to motivated homeowners that in foreclosure. This is also a good time for you to learn how to buy pre-foreclosures, and how to complete a short sale package. Start learning how to buy bank owned properties and get familiar with the sites that banks use to liquidate these properties. The opportunity is coming. Are you going to be ready? If you are brand new to real estate and want to learn more about our real estate training programs, investing in real estate, buying rental properties, wholesaling real estate, fixing and flipping houses, and investing in Airbnb short term rentals then please register using the free webinar training links below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FREE FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses, I have a free fixing and flipping houses training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad http://tiktok.com/@lexlevinrad/ DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING BANK OWNED PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best-selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

Understanding Financial Freedom May 02, 2022

On today's podcast I talk about understanding financial freedom, the velocity of money and how these concepts are both related to your mindset about money. If you could buy a rental property today for $100,000, that was rented to a tenant that paid you $1,000 per month in rent, and your cost to maintain that property was $1,000 per month would you buy it? Unfortunately, for most new investors, the answer would be no. Would you feel like you were not getting a return on your money if the property was just breaking even? Most people would feel that way. And that is because they don't understand the velocity of money. Let's look what would happen with that same property if you had a 15 year fixed rate mortgage. In just 15 years, the property would be paid off, and you would own it free and clear (with no mortgage). 15 years later, not only would the value of the property double to $200,000, but the rents would double as well (from $1,000 to $2,000). And if you owned that property free and clear most of that $2,000 rent would be going directly into your pocket. How many properties like that would you need to own in order for you to be financially free? If you owned just 5 properties, then in 15 years you would have $10,000 per month coming in. And you would have enough income to replace the income from your job so you would not need to work (if you didn't want to). Look at it another way. How would you save up $200,000 and create an income stream of $2,000 a month if you did not buy that rental property? Also keep in mind that the above is before you take into account the tax benefits of owning those rental properties. Each property that you purchase, will lower the amount of taxes that you pay. The reason for this is because the property taxes, insurance, maintenance, repairs, and depreciation are all tax deductible. So even though the property is 'breaking even" as far as taxes are concerned it is losing money. A large part of that is because of depreciation. And that means that you will pay less taxes. So the real question is not "can you afford to buy a rental property". But rather can you afford to NOT buy a rental property? You work hard at your job and right now you have taxes taken out of your paycheck and you have no control over your tax situation. Owning just one rental property would change that since you would now be able to deduct the expenses related to that property. If you add up the benefits of the increase in the value of the real estate, increase in rental income and tax deductions, then you will see that investing in rental properties is one of the easiest ways to create financial freedom. If you are brand new to real estate and want to learn more about our real estate training programs, investing in real estate, buying rental properties, wholesaling real estate, and fixing and flipping houses then please register using the free webinar training links below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FREE FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses, I have a free fixing and flipping houses training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad http://tiktok.com/@lexlevinrad/ DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING BANK OWNED PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best-selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

Exit Strategies in Real Estate Mar 16, 2022

On today's podcast episode, I talk about exit strategies in real estate. I find that too many educators and real estate podcasts out there are focusing on the acquisition strategy and finding properties. While finding deals is important, I think it's equally important to understand what to do with a property once you own it. Ironically, what you plan on doing with the property once you own it, is directly related to finding properties. If you know what you are looking for, then you know where to search and what to search for. This is the biggest mistake I see new real estate investors make. They are not sure what they are looking for. Once you identify the type of property that you want, then you can focus on the exit strategies which are: *Buying Rental Properties For Wealth *Selling Rentals with Owner Financing *Selling Rentals with Rent to Own *Fixing and Flipping The Property *Airbnb & Short Term Rentals Ultimately, if your goal is to create wealth and financial freedom, then you should focus on buying rentals and short term rentals. Holding real estate long term is what will make you wealthy.

Buying Houses on Terms Mar 10, 2022

On today's episode, I talk about buying houses on terms. This is a follow up to our previous podcast episode, which spoke about the Novations Strategy. If you have not already listened to that episode I encourage you to do so. In today's market, if you are doing direct to seller marketing, you are going to be facing sellers who know that the market is hot and know that they can get top dollar. You are going to encounter many scenarios where the seller wants a retail price or close to retail, and as a cash investor you simply cannot pay that much. If you are paying cash, you are typically buying properties at around 70 cents on the dollar. Usually you are using a hard money or private lender to buy properties for cash and because the rates are high, you have to buy at a significant discount for the deal to make sense. But is there a case for you to buy properties at a higher price like 80 to 90 cents on the dollar? There may be, if there is existing financing in place and the rate is very low on that financing. The two strategies that I talk about today are both "buying houses on terms" strategies. I use current examples of seller leads that we are currently working on in our office so that you can see how this works with real life scenarios. On this episode I show you examples of buying a house subject to the existing mortgage and also buying a house with seller financing. Enjoy the podcast If you are brand new to real estate and want to learn more about our real estate training programs, investing in real estate, buying rental properties, wholesaling real estate, and fixing and flipping houses then please register using the free webinar training links below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FREE FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses, I have a free fixing and flipping houses training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad http://tiktok.com/@lexlevinrad/ DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING BANK OWNED PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best-selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

Novations with Eric Brewer Jan 28, 2022

On today's podcast episode I invited my friend Eric Brewer, who is a member of my Collective Genius Mastermind to talk about Novations. I first heard Eric talking about Novations a few years ago, at one of our mastermind meetings. Since then, I have seen many of my friends from the mastermind implement this method in their own real estate investing. This strategy is perfect for deals where the seller wants more than you are willing to pay. It also allows you to earn bigger spreads. Eric explains how to use this novation method. There are a lot of golden nuggets in this episode! Make sure you take lots of notes. If you are brand new to real estate and want to learn more about our real estate training programs, investing in real estate, buying rental properties, wholesaling real estate, and fixing and flipping houses then please register using the free webinar training links below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FREE FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses, I have a free fixing and flipping houses training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad http://tiktok.com/@lexlevinrad/ DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING BANK OWNED PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best-selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

Foreclosures, Short Sales & Bank Owned Properties Dec 14, 2021

On today's podcast episode, I talk about investing in foreclosures, short sales and bank owned properties. The Federal Eviction Moratorium and the Foreclosure Moratorium both recently expired (as of September 2021). Current government guidelines recommend that banks and mortgage servicers try to "work out" and negotiate with homeowners that are delinquent on their mortgage. Banks are able to modify the terms of the loan, can decrease interest rates, increase loan term, or add money owed to the back end of the loan. Many homeowners have taken advantage of forbearance options and will be able to modify their loan. However, homeowners that are delinquent on their mortgage and cannot pay will be facing foreclosure. There are currently millions of homeowners who are delinquent on their mortgage and not in forbearance. I anticipate that 2022 will be the year of foreclosures. Many of these homeowners will not be able to make their mortgage payments and the banks and mortgage service companies will be forced to file foreclosure notices. I anticipate that this will result in an increase in foreclosures as well as an increase in short sales and bank owned properties down the line. This will be an excellent opportunity for real estate investors. It is imperative that you learn NOW how to market to homeowners in foreclosure, how to negotiate a short sale, and how to bid on and buy bank owned properties on online auction sites. I would also recommend that you learn about the foreclosure process in your State so that you are knowledgeable enough to talk to sellers that are in foreclosure. Marketing to homeowners in foreclosure will be a tremendous opportunity in 2022. If you are brand new to real estate and want to learn more about or real estate training programs, investing in real estate, buying rental properties, wholesaling real estate and fixing and flipping houses then please register using the free webinar training links below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FREE FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses, I have a free fixing and flipping houses training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad http://tiktok.com/@lexlevinrad/ DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING BANK OWNED PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best-selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

The Opportunity in Short Term Rentals and Airbnb Nov 22, 2021

On today's podcast episode I talk about the opportunity in short term rentals and Airbnb. Over the past 2 years, some of my students have transitioned from rental properties and section 8 rentals to Airbnb. And the opportunity in short term rentals is something that you need to pay very close attention to. As an example, my student Andy had a Section 8 Rental Property in Miami that was generating around $2,200 per month. When the tenant moved out, he decided to turn the rental property into a short term Airbnb rental. That same property now generates north of $8,000 per month. Over the past 12 months he has been converting all of his rental properties to Airbnb. He is only 32 years old and he is already financially free. My student Davidson purchased a property on the West Coast of Florida in Lehigh Acres that he was originally intending on fixing and flipping. I encouraged him to explore the opportunity of keeping it as a short term rental. His listing just went live yesterday and in the first 24 hours he had 17 days in December booked, as well as this weekend and next week booked too. His booking revenue is already at 3 times what that same house would rent for. Another student of mine Kadi with her brother Dale are now working on their 3rd Airbnb property in Palm Bay, Florida. When we showed the examples of these students at our most recent Fixing and Flipping Houses Boot Camp everyone in the room wanted to get into an Airbnb! If you are a real estate investor, you should consider investing in this short term rental space. If your financial freedom number is $20,000 per month, and one Airbnb generates $5,000 per month, then you would need just 4 Airbnb's to be Financially Free! There are many advantages of Airbnb to a regular rental property including: 1. cash flow of up to 3 times as much (or more) 2. Your property is not being trashed by tenants 3. Utility of being able to use the property yourself with your out of town guests 4. Your Airbnb could be your "retirement" 5. Financial Freedom sooner We are converting more and more of our students to Airbnb. You should definitely explore this opportunity. The buy side when you purchase the property looks the same. You are buying a wholesale deal at a wholesale price. But once you have purchased the property, you could choose to keep it as a rental, fix and flip it - or keep it as a short term Airbnb rental. If your property is located in a decent middle class neighborhood you should definitely explore the Airbnb option. If you are brand new to real estate and want to learn more about investing in real estate, buying rental properties, wholesaling real estate and fixing and flipping houses then please register using the free webinar training links below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FREE FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses, I have a free fixing and flipping houses training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad http://tiktok.com/@lexlevinrad/ DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING BANK OWNED PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best-selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

Understanding Rental Property Returns Nov 01, 2021

On this podcast episode I talk about rental property returns and the components that make up the rental income and the rental expenses. As an example, I use a typical 3 bedroom 2 bathroom house that could be purchased for $250,000 in Port St Lucie FL. This house could be rented for $1,800 which would represent an annual gross rental income of $21,600. I break down the expenses on a property like this to show you how the rental income and expenses would be broken out in order to arrive at your net rental income (which is your real return). Gross Annual Income $21,600 Property Taxes $4,000 Property Insurance $3,000 Repairs & Maintenance $1,800 Vacancies and Evictions $1,800 Property Management $2,160 Net Rental Income $8,840. If you were to purchase this property for the price of $250,000 and you paid cash, then your return of $8,840 on a $250,000 would return you only 3.5% on your cash. Now granted that's better than a CD in the bank, but it's still a low return. So why invest in real estate? The answers are: 1. Appreciation 2. Tax Deductions 3. Leverage 4. Cash Flow 5. Creating Long Term Wealth and Ultimately, creating Financial Freedom. If you really want to leverage your returns and put your wealth creation on steroids, then you need to find properties at way below market prices. I use an example of a probate property on this podcast, but to find deals like this you need to be marketing to motivated sellers like people in foreclosure, vacant properties, tired landlords, inherited properties and probates (the example I use on this episode).

Wholesaling Real Estate & Finding Deals Oct 13, 2021

On today's podcast episode I talk about why every real estate investor needs to know how to find wholesale deals. Even if you don't want to be a wholesaler, you should still know how to deploy the method that wholesalers use to find deals. If you are a landlord looking for a rental property you are looking for a wholesale deal at a wholesale price. If you are a rehabber looking for a fix and flip or your next Airbnb, you are looking for a wholesale deal at a wholesale price. And if you don't know how to find these deals, then you are paying a wholesaler a fee of $10,000 to $20,000 (or more) for each and every property that you buy. It would benefit you to learn how wholesalers find deals and to employ some of their tactics of finding deals directly from motivated sellers so that you can cut out the "middle man". On this podcast episode I talk about how wholesalers use different ways of marketing to motivated sellers to find deals. I discuss motivated seller marketing, text marketing, direct mail, pay per click, bandit signs and Facebook. Regardless of whether you want to be a full time wholesaler, a part time wholesaler, a landlord, or a rehabber, you will need to know how to find deals. If you don't then you will always be paying more for every house that you buy. If you are brand new to real estate and want to learn more about investing in real estate, buying rental properties, wholesaling real estate and fixing and flipping houses then please register using the free webinar training links below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FREE FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses, I have a free fixing and flipping houses training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad http://tiktok.com/@lexlevinrad/ DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING BANK OWNED PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best-selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

Wholesaling Interview with Jon Carcone Aug 11, 2021

On today's podcast episode, I interview my good friend Jon Carcone about Wholesaling, and how he runs and operates his wholesaling Business. Jon runs a very impressive Wholesaling Business in Washington DC which is completely virtual. He has created systems and processes for his wholesaling business that allow him to operate his business with virtual employees in multiple locations. Jon shares with us how he transitioned from a fixing and flipping business that was generating $400,000 a year to a wholesaling business that made over $500,000 gross profit last month. He talks about moving from his "comfort zone" to massively scaling his business. Year to date he has generated 2.2 million in Gross Profit from Wholesaling. I know many wholesalers, but not many that have those types of profit numbers which are phenomenal for a wholesaling business. He shared his story about the transition as he moved from purchasing on market deals on the MLS to moving towards direct to seller marketing with direct mail. He discusses transitioning from mailing 5,000 to 10,000 mail pieces to sending out 50,000 mail pieces in one mailing and the dramatic effect that had on the number of leads that he was getting. When you are getting 300 leads a month, it's not hard to turn many of those leads into deals. But you have to be marketing big to make that happen. Jon discusses seller pain points, and how lead managers screen pretty hard for multiple pain points when booking appointments. They don't go on every appointment like many companies do. They only book appointments where the seller is truly motivated to sell at a discount. He also talks about his 70% closing rate on appointments which is almost unheard of in this business (most companies are at around 20%). He shares with us how he transitioned from single family homes to mobile home parks and self storage facilities. He used the same direct to seller marketing principles with direct mail from single family homes to refine his approach to marketing to owners of mobile home parks. He also shares how it took him over a year to get his first Mobile Home Park. Today he owns over 1,000 units. There are a lot of amazing nuggets in this podcast interview. If you are a seasoned wholesaler, or are just getting started, either way, I would listen to it with a notepad in hand and take lots of notes. You can learn a lot from today's interview. Mostly you can learn that you should stop playing small.

Buying Rental Properties Aug 10, 2021

On today's podcast episode I talk about buying rental properties. One of the most common questions I get from students is whether or not now is a good time to buy a rental property. The answer is yes. It's always a good time to buy a rental property as long as you can satisfy two criteria. 1. The property must cash flow from day one 2. You are buying the property at a discount With today's low interest rates where 30 year fixed mortgages are at 3%, and 15 year fixed mortgages are at 2.3%, it's an absolute no brainer to buy a rental property. The tax deductions and cash flow that you get from owning a rental property, along with the long term appreciation are some of the benefits of owning a rental property. Another benefit is that it's a great hedge against inflation. But by far, the fact that you will ultimately own the property free and clear and have no mortgage, is the real benefit of owning a rental property. Once you have no mortgage, the rental property will pay you income for the rest of your life. You don't need to be a rocket scientist to figure out that investing in a rental property is a smart decision. If you have a job and decent credit you should definitely buy a rental property. However, it is much more beneficial for you to learn how to buy rental properties at a substantial discount to market value so that you create "instant equity". And you won't find properties like this on the MLS. You will need to target and market to motivated sellers directly in order to find the best most discounted deals. I recommend that you market to tired and disgruntled landlords, absentee landlords, pre-foreclosure and foreclosure, probate and inherited properties, as well as vacant, boarded up and abandoned properties. If you are brand new to real estate and want to learn more about investing in real estate, buying rental properties, wholesaling real estate and fixing and flipping houses then please register using the free webinar training links below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FREE FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses, I have a free fixing and flipping houses training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad http://tiktok.com/@lexlevinrad/ DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING BANK OWNED PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best-selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

Eviction And Foreclosure Moratoriums Aug 09, 2021

On today's episode I talk about the current situation with the eviction and foreclosure moratoriums. The eviction moratorium will be ending this month, and the foreclosure moratorium will be ending by the end of 2021. How will this affect you as a real estate investor? One of the biggest issues over the past year has been that there has been no inventory for investors. Usually, there is a steady supply of foreclosures and short sales and disgruntled landlords that want to sell their properties. However with the moratoriums in place, landlords could not evict non paying tenants, and banks could not evict non paying borrowers. This created a situation where foreclosures and REO's that would have been listed on the market were not listed since the federal government effectively prohibited banks from foreclosing on borrowers. Landlords that had non paying tenants could not evict their tenants because of the eviction moratorium. There are an anticipated 9 to 10 million renters that have not been paying their rent. There are another 5 million homeowners that are not paying their mortgage. 15% of FHA Mortgages are currently in default. How will the expiration of the eviction and foreclosure moratoriums affect prices for you as a real estate investor? I anticipate that the expiration of these moratoriums will create more inventory and more sellers. I also think that this will possibly slow down and maybe even lower prices. This increase in inventory and price softening will make it easier for real estate investors to find inventory. Focus on marketing to tired and disgruntled landlords, pre-foreclosure and foreclosure lists, and homeowners that have not paid their property taxes. This is a great time to learn about investing in foreclosures and short sales. Make sure you understand how the foreclosure and short sale process works so that you can take advantage of the increase in foreclosures. If you are brand new to real estate and want to learn more about investing in real estate, buying rental properties, wholesaling real estate and fixing and flipping houses then please register using the free webinar training links below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FREE FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses, I have a free fixing and flipping houses training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad http://tiktok.com/@lexlevinrad/ DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING BANK OWNED PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best-selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

Finding Private Lenders Jul 09, 2021

On today's podcast episode I talk about finding private lenders. One of the biggest misconceptions that new real estate investors have is that they think finding private lenders is difficult. It's not difficult, in fact there are literally trillions of dollars sitting in people's checking accounts, money market accounts and savings accounts. The trick is persuading people with money to lend their money to you. Private lenders will need to know you, like you and trust you. But they will also need to feel confident that you know what you are doing and that they are going to get their money back and not lose any money. And the best way to get them to feel confident in you is for them to watch you over time doing deals and borrowing from private lenders and hard money lenders. Once they feel confident in your ability, they will be willing to lend you money to buy real estate. If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad http://tiktok.com/@lexlevinrad/ DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING BANK OWNED PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best-selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

Why Some Students Succeed and Some Fail May 20, 2021

On this podcast episode I talk about the difference between students that succeed and students that fail. I was reviewing some students that were purchasing their first rental property in the past few weeks. I asked myself: "Why are these students managing to buy their first property while other students are still struggling? And that is what this podcast episode is about. Learning about real estate, systems, techniques, processes and software is NOT what will make you successful. The key is to IMPLEMENT what you learn by taking action. I have found with many of my students that they self sabotage themselves by having self limiting beliefs. The first step to success is to get rid of these self limiting beliefs. That is why I am such a big fan of my students reading books by Jim Rohn, Tony Robbins, Napoleon Hill etc. If you want to achieve success you have to first: 1. create a goal 2. have a clear and concise vision of that goal 3. figure out how you will achieve that goal 4. IMPLEMENT (take action) Enjoy the podcast! If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/wholesalingwebinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad http://tiktok.com/@lexlevinrad/ DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING BANK OWNED PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best-selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

Wholesaling Bank Owned Properties Apr 12, 2021

On this podcast episode, I talk about wholesaling bank owned properties, short sales and foreclosures. Most wholesalers market to motivated sellers and "assign" contracts using the assignment of contract method. Assigning the contract has many advantages including, not having to lay out any cash, not needing to be present at the closing, and not having to pay any closing costs. Essentially your assignment fee is your profit if you are a wholesaler. However, not all properties can be assigned. Assignment works great if you are "direct to seller" and the seller is a motivated seller. But If you want to wholesale/flip a bank owned property, short sale or foreclosure then you are going to need to double close. This means that you will first have to buy and pay for the property, and only then once you own it will you be able to turn around and resell it. The best way to do this is to "double close" on the same day. You need to use an investor friendly title company to help you facilitate this transaction. Make sure you grab a copy of my best selling book "Wholesaling Bank Owned Properties" on my website at https:// www.lexlevinrad.com

Wholesaling or Rental Properties Jan 25, 2021

On today's podcast I talk about wholesaling real estate and being a wholesaler versus buying rental properties. The idea for this podcast episode came from this past weekend, where I spent 3 days with my coaching students at the Wholesaling Inner Circle. The purpose of the Wholesaling Inner Circle is to teach students how to wholesale. Most of my students that attend this event have already purchased a property or two and almost all have attended our Wholesaling Real Estate Boot Camp, and our Fixing and Flipping Boot Camp. The students that attend this event are interested in learning how to wholesale. Some of them want to become full time wholesalers and quit their job. When I asked everyone at the Wholesaling Inner Circle why they were there this past weekend, the vast majority said because they wanted financial freedom. When I asked how they would create financial freedom 80% of the room said they wanted to create financial freedom by buying rental properties. We spoke about their financial freedom number, and how many properties they would need to own free and clear for them to have enough passive income for them to live the life they imagined. My next question was "Why are you at the Wholesaling Inner Circle?" If your goal is to buy rental properties, then why do you want to learn wholesaling? We had a very good discussion about this which is why I thought it would make a great podcast episode. Many beginners don't understand the difference between what they do for a living (their profession) and how they invest the money that they make from their profession. You could choose to invest in rentals, stocks, bonds, commodities or any investment with the savings that you have. If you choose to invest in rentals, that does not mean that you need to quit your job and become a wholesaler. You can stay at your job and buy rental properties until you have enough properties and they are paid off. At that point you will have achieved financial freedom. If you are attracted to wholesaling because you want to first make money so you can then buy rentals you are doing it all wrong. If your goal is to buy rentals then focus on buying rentals. If your goal is to quit your job and become a wholesaler then learn how to wholesale. One is an investment. The other is a profession. I don't know too many successful part time wholesalers. You are either all in as a wholesaler and you do it full time or you don't do it at all. If your goal is to flip a few houses to make extra money so that you can save that money and invest in real estate that is fine. But never confuse your profession with how you choose to invest. They are completely different. Focus on your vision and your goals of what you want to achieve. If your vision is 10 free and clear rental properties then focus on buying property number one - and don't focus on anything else.

Beginner Questions Jan 06, 2021

On this podcast episode I talk about beginner questions that seem to always be the same questions. I hear these questions at every boot camp from new investors, and it was a topic that came up today on my car drive to visit properties with my son. I realized he was asking the same questions, so I decided to make a podcast episode addressing these beginner questions The questions are: 1. Putting 20% Down Versus Paying Cash 2. Retail Vs Wholesale Real Estate 3. Why You Can't Get A Mortgage 4. How To Find Discounted Houses 5. What Are Motivated Sellers? 6. How To Get The Cash For Flips 7. Private Lenders and Hard Money 8. Finding Houses Yourself Vs Wholesalers 9. Understanding That This is a Business Enjoy the podcast!

Setting Goals For 2021 Jan 05, 2021

This is the first podcast episode of 2021. On this episode, I talk about setting goals, and my vision and blueprint for 2021 (as I see it). 2020 Was a very interesting year for us. It was also a very difficult year for many people. We learned how to adapt to the change since no one would show up for live events we started streaming our live events via Zoom Webinar. The results were awesome. We can not give students all over the country the opportunity to attend a boot camp virtually without buying a plane ticket or having to travel. Since March, we have had all of our staff working from home. That has worked out great as well. We have added some more VA's and we are moving our entire office including lead managers, acquisitions, dispositions, student support and coaching to 100% virtual as of June 2021. Enjoy the podcast!

Obstacles to Financial Freedom Dec 15, 2020

On this podcast episode I talk about something that I see time and again with many of my new coaching students, which is a real obstacle to their financial freedom It is also the one thing that every new real estate investor needs to know and understand BEFORE they can learn how to create wealth. This concept is something that seasoned investors take for granted (including myself). It is only through coaching others that I realized how many people did not understand basic financial concepts. This obstacle is also the same reason why some investors need to sign up for multiple real estate programs before the concept finally sinks in. Did you know that more than 50% of our coaching students have already paid tens of thousands of dollars to other real estate coaching programs BEFORE they signed up for my coaching program? Why? Because of this concept which I call "Obstacles to Financial Freedom", and it is by far your biggest obstacle that stands in your way and prevents you from living the life you imagined. You can learn the systems, techniques and tricks of investing in real estate by watching thousands of YouTube videos, or by listening to hundreds of podcasts like this one. There are literally hundreds of thousands of videos and podcasts out there that can teach you about investing in real estate, wholesaling and flipping houses. The concept of investing in real estate is actually a very simple concept. But people make it complicated by not understanding basic principles of how a mortgage works, how amortization works and how borrowing money and using leverage can create unimaginable amounts of wealth (if done correctly). But you won't really be able to put your financial freedom plan together in your head, you won't be able to have a vision of where you are going and how you are going to get there - until you grasp the concept of how money really works. You see the problem is that as we grow up, no one teaches us about money. Our parents don't teach us about money, and we don't learn about money in school or college. Money is a "taboo" subject best discussed behind closed doors. If our parents gave us any financial lessons at all, for most people it was something like "pay your bills on time" or "balancing your checkbook" or "keeping a budget of what you spend". The emphasis was always on reducing expenses and watching your money, never on MAKING MORE MONEY AND INVESTING. The problem is that when we are raised this way, we go into adulthood without an understanding of how money and investing works. Concepts like real estate prices, inflation, compound interest, basic mortgage math and velocity of money confuse us. Unfortunately you have to teach yourself these concepts since they are not taught in school. We also don't learn and understand how tax deductions and depreciation with real estate work. If we did, then almost every tax payer would own a rental property. If we understood this concept we we would invest differently and not have all of our savings in our primary residence and 401k account. This is the concept that you need to learn and understand. The principles of money and investing. The net effect is that if you don't understand these concepts, and you are scared to borrow money to invest in real estate, you we save your money in places like money markets and CD's and 401k accounts because you are SCARED OF LOSING your money. So we hoard our savings (assuming we have saved and have not spent everything that we have earned). This is the exact same reason why I have investors that have loaned me money at 9% or 10% for the past 17 years. While their principal has remained intact, I have literally made millions of dollars with THEIR MONEY. Once you understand the concept of buying distressed real estate for pennies on the dollar with SOMEONE ELSE'S MONEY you realize that money is something that is not scarce but plentiful. And how much you make is entirely up to you. Make sure you understand that the biggest obstacle to your financial freedom is inside your own head. It is based on the pre conceived notions that you have learned from your parents, and from your life experiences. If your parents were broke, or in debt then your job is a lot harder, since you don't have a positive financial role model to learn from. If your parents always had money, there is more likelihood that you learned these principals of money and investing from them. If you can change the way you think about money and about investing, and if you can change your preconceived notions, then you can change your life. And then you can change your financial future! You can create a life of financial freedom for yourself and your family. But first you have to get rid of the obstacles. And the biggest obstacle is your own pre conceived notions. Enjoy the podcast! If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/wholesalingwebinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best-selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

Interview with Steve Trang Real Estate Disruptors Oct 19, 2020

On this podcast episode, I am interviewing my friend Steve Trang, who is the host of the popular Real Estate Disruptors Podcast. I first met Steve at the Collective Genius Mastermind, where he was doing Sales Training for Acquisitions Managers. Steve runs a company that trains wholesalers and acquisitions managers about every aspect related to marketing to motivated sellers. Steve is based out of Phoenix Arizona, and is the broker owner of Stunning Homes Realty which has 120 agents. He also created the "Offer Fast" Homes App. On this podcast interview, Steve talks about how he started investing in real estate, and how he transitioned from being a retail real estate agent to an investor. We talk about motivated sellers, and sales training for acquisitions managers and wholesalers and the follow up and mindset that is required when talking to sellers. We also talk about Steve's goal to create 100 Millionaires through investing in real estate. Enjoy the podcast! If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best-selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

How To Be A Deal Finder Oct 07, 2020

On this podcast episode I talk about how to be a deal finder or property locator. In the wholesale real estate industry we call this being a "bird dog". Being a deal finder is hands down, the best way for you to learn if you are a beginner. Knowing how to find wholesale deals at wholesale prices is the foundation of being a wholesale real estate investor. It doesn't matter if you want to be a wholesaler, a landlord that buys rental properties, or a rehabber that fixes and flip houses. Either way, you will need to be able to find wholesale deals at wholesale prices. Once you know how to find deals, you can wholesale, fix and flip or keep the properties long term. The key is to know how to find the properties at a discount price that makes sense for you as an investor. I also explain how our Partnership Program works and how this program was created as a resource to help our new students that were starting out as deal finders. If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/wholesalingwebinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best-selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

Learning How To Wholesale Sep 23, 2020

On this podcast episode I talk about why learning how to wholesale is a great place to start if you are a new investor. Learning how to wholesale and find houses at a deep discount is very important for you as a real estate investor and will make you a much more well rounded real estate investor. There are three types of real estate investors: 1. investors that buy rentals using a realtor 2. investors that buy rentals from a wholesaler 3. investors that buy rentals from sellers direct If you want to get the best wholesale deals at the lowest wholesale prices, then you will need to buy directly from motivated sellers. Those motivated sellers could be financially distressed (foreclosure, short sales, bankruptcy etc). They could be bank owned properties owned by the bank (REO). Or they could be properties that have been damaged by hurricanes, storms, floor or fire. If you want to find properties at a discount your seller is going to need to be motivated to sell at a discount. On this episode I talk about long term real estate investing strategies to create and build wealth like the Buy Repair, Rent and Refinance Strategy (BRRR). To employ this well known strategy you need to be able to find wholesale deals at wholesale prices that are purchased at no more than 75% of market value. That is the hard part. And realtors won't be able to help you with this. The way you find wholesale discounted deals is by buying directly from banks, buying from wholesalers, or buying directly from motivated sellers. Buying direct from motivated sellers is your best option. Soon, bank owned properties, foreclosures and short sales will be booming. But to buy these properties you have to pay CASH (no mortgages allowed). If you don't have the cash you need to have a private lender in place that will lend you the money. To get started, you will first need to learn and have a very solid understanding of what a house would appraise for, the repairs required to fix the house and what those repairs would cost. Only once you know what the house is worth fixed up, and what it would cost to fix it up, are you able to calculate your maximum offer price. I teach After Repair Value, Comparable Sales, Repair Estimates and how much to offer at our Wholesaling Real Estate Boot Camp which is held twice a year in South Florida. Here is a link for more info: https://www.lexlevinrad.com/distressed-real-estate-boot-camp/ If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/wholesalingwebinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best-selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

Opportunities in Today's Real Estate Market Sep 09, 2020

On this podcast episode I talk about opportunities in today's real estate market. The current inventory situation in the real estate market is the tightest that I have ever seen (in 17 years). There is such a huge shortage of inventory and there is simply no supply. Investors are having a very hard time finding wholesale deals at wholesale prices. I discuss one strategy that we are employing which is to look at cheap rental properties that are currently rented with tenants in place. Many wholesalers send out these types of deals to their investors and the key to getting these houses is to beat your competition by locking up the contract instead of "waiting" for an appointment. You will need to know your ARV's very well in order to do this. You will also need to drive by the properties in order to feel comfortable enough to do this. You can purchase these properties with hard money (or private money) and then you can wait until the tenants lease expires. At that point you can give the tenant a notice to vacate and you then have a house that you can either fix and flip, or you can fix and rent at a higher rental amount. I suggest you consider renovating and then renting the property at a higher amount. After you have rented the property, you can refinance your mortgage into a conventional 15 year mortgage. If you do this you will own the property free and clear in 15 years. That is how you create wealth. And the reason you are interested in real estate is because you want to create wealth for yourself and your family. The record low interest rates are an opportunity for you to buy rental properties now. If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/wholesalingwebinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best-selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

Creating a Life of Financial Freedom Jul 30, 2020

On this podcast episode I talk about how to create a life of financial freedom. The first step is to establish what your freedom number really is. Your freedom number is simply the amount of money that you need per month to live your current lifestyle without having to work or have a job. If you have enough money coming in from your investments to cover your overhead and all of your bills, then you have achieved financial freedom. On this podcast episode I talk about how to establish your financial freedom number, and how to put a plan in place to achieve financial freedom in 15 years (or less). The way that we achieve this is by buying rental properties and refinancing the loan into 15 year mortgages. By doing this, we know that in 15 years we will own the property free and clear with no mortgage. And we know that the rental income that the property generates will be income that goes straight into our pocket (after taxes, repairs and insurance). All we need to do is to calculate how many rental properties we need to own, in order for us to achieve financial freedom. If you could purchase just two rental properties per year for five years, then you would own ten rental properties free and clear just 15 years later. If those rental properties each paid you $2,500 in rent per month you would have $25,000 per month in rental income. And you would have achieved financial freedom. And this financial freedom is forever, since the properties will continue to go up in value, and the rent can be increased every year which will outpace inflation. Even better, when you move on, your kids (or heirs) would inherit your financial freedom. If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/wholesalingwebinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best-selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

Building Wealth One House At A Time Jun 15, 2020

On this podcast episode I talk about creating wealth in real estate, by building wealth one house at a time. The example that I use on this podcast came from our Fixing and Flipping Coaching event this past weekend. I was reviewing potential fix and flip deals with my coaching students and we were evaluating deals together to find houses that would make good fix and flips. The specific house that I discussed with them is a $180,000 house that can be purchased for $115,000. The asking price on the house is $120,000. It is a nice house in a decent neighborhood that was a foreclosure and is being sold by Fannie Mae. The house needs flooring, kitchen, bathrooms, and interior and exterior paint. I am guessing that to fix and flip the house the repairs could be around $25,000. We use our fixing and flipping calculator which you can use by visiting this page: https://www.lexlevinrad.com/rehab-property-calculator/ For a fix and flip, the spread is a little tight and the house will only generate a profit of around $10,000. That seems like a lot of work for not that much profit. However I show students how that same house purchased as a buy, repair, rent and refinance makes a lot of sense. If we are repairing the house to rent it, then the cost will be only around $15,000 (instead of $25,000 for a fix and flip). The numbers for a BRRR using my financing if I was lending for the hard money loan are: Purchase $115,000 repairs (rental) $15,000 closing costs etc. $5,000 down payment $15,000 loan amount $100,000 Total cash out of pocket $35,000 Total cost $135,000 Appraisal value $180,000 The bank will be willing to lend 75% of that appraisal value (which is $135,000) From that $135,000 use $100,000 to pay off the hard money loan. That leaves you with $35,000 cash. That is the same $35,000 that you laid out to buy the property. That is how the Buy, Repair, Rent, Refinance method works. And it's the easiest way to create wealth by building wealth one house at a time. Enjoy the podcast

Interview with Nathan Trunfio | Direct Lending Partners Jun 05, 2020

On this podcast episode, I interview Nathan Trunfio, who is the President of Direct Lending Partners. Direct Lending Partners is a direct lender for fix and flip and investor loans and operates in multiple States. We discuss private lending for fix and flip loans, underwriting loans and what lenders are looking for from investors. We also talk about how lending has been affected by the recent Covid 19 crisis. We also talk about growing a fast paced real estate company and how DLP has evolved and grown by over 65% per year based on the vision of the company founder Don Wenner. DLP operates a Realty Company, a Builder, a Real Estate Management company and DLP Partners which operates multiple real estate equity and debt funds. DLP is also a major multi family operator and currently manages over 10,000 doors. We talk about transitioning from single family investing to multi family investing and the pros and cons. Great podcast interview!

Marketing to Motivated Sellers With Chris Chico May 16, 2020

On this podcast episode I interview Chris Chico who is a good friend of mine, about marketing to motivated sellers. We discuss all forms of motivated seller marketing, including direct mail which is how Chris started out marketing to sellers. We discuss in depth how he markets to motivated sellers with Facebook Ads (which is his specialty). Chris has over 17 years of experience as a real estate investor. He literally created the term "virtual wholesaling" back in 2005 before it was a household term. Many people in the real estate industry refer to him as the "godfather" of Virtual Wholesaling. He pioneered the use of "ugly" postcards and 24 hour recorded messages for direct mail marketing (and mailed millions of postcards). He is an expert at teaching real estate investors how to find motivated sellers using paid social media ads especially via Facebook Ads. There is a lot of solid information in this episode. Make sure you have a pen and paper to take some notes.

Interview with Investor Carrot CEO Trevor Mauch Apr 25, 2020

On this podcast episode, I interview Trevor Mauch who is the founder and CEO of Investor Carrot. Investor Carrot is the #1 Real Estate Investor Website Platform for real estate investors and is used by thousands of real estate investors, wholesalers and flippers. I personally use Investor Carrot websites in my real estate business and have multiple cash buyer and motivated seller websites with Carrot. If you want to check out Investor Carrot visit: http://www.lexlevinrad.com/carrot On this podcast interview, I speak with Trevor about how he leveraged his background in SEO, Content Marketing and Digital Marketing to build Investor Carrot. We also talk about business building and gaining your freedom and time back, by hiring people to replicate your systems and processes. Trevor has excelled at this and that has helped make Carrot the fastest growing real estate investor website platform for both beginners and professional real estate investors. Trevor talks about why he founded Carrot, and his personal mission to help real estate entrepreneurs get back their freedom, time and purpose. We discuss how he transitioned from being a new real estate investor and content marketing expert, to building the fastest growing software company in Oregon. Carrot is growing very rapidly and is now a member of the Inc 5,000 which is an amazing accomplishment. Carrot has generated over 5 million motivated seller leads for investors through it's seller web sites alone. If you were to search on Google for terms like "sell my house now" or "need to sell my house fast" you are more likely than not to land on an Investor Carrot Seller Website. Carrot websites are designed to have blog content for search engines, which makes your site and content easier to find. This helps index you in Google Searches. They have packages where the blog content is written for you and updated weekly or monthly. If you are going to get Carrot I recommend you get the package with the blog content. Carrot sites are designed to convert leads. They do a great job at converting motivated seller leads and cash buyer leads for investors. And that is why so many investors use Carrot websites for their pay per click campaigns. They package that I recommend for my students is $99 a month which gives you access to 3 websites and the blog content. You can check that out here: http://www.lexlevinrad.com/carrot I personally have 2 cash buyer sites and 2 motivated seller sites and I can tell you that they work! The sites also integrate very well with Podio, Investor Fuse, REI Pro and Zoho, so if you are using (or want to use) any of these CRM's in the future, you can have your leads instantly imported into your CRM. This is what I personally do (I use Investor Fuse). For investors that want to send emails to their buyers and sellers, Carrot integrates very well with Mail Chimp, Constant Contact, Get Response and iContact. So if you want to have your cash buyer and seller leads all stored in one place, and have the ability to market to your cash buyers and motivated sellers via email this is a good solution for you. This was a fun podcast interview! If you are brand new to real estate and want to learn more about wholesaling real estate and how to wholesale and flip houses, then please register for the free wholesaling real estate training at this link below: REGISTER FOR THE FREE TRAINING https://www.lexlevinrad.com/wholesalingwebinar SHARE, LIKE, COMMENT Please share, like and comment on this video. I will personally respond to all questions and comments 😊 SUBSCRIBE TO MY YOU TUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE: WEBSITE: http://www.lexlevinrad.com FACEBOOK http://www.facebook.com/lexlevinradrealestate TWITTER http://www.twitter.com/lexlevinrad INSTAGRAM http://www.instagram.com/lexlevinrad LINKED IN http://www.linkedin.com/in/lexlevinrad PINTEREST http://www.pinterest.com/lexlevinrad LISTEN TO MY PODCAST ON APPLE PODCASTS: https://itunes.apple.com/us/podcast/investing-in-real-estate-with-lex-levinrad/id1321120273?mt=2 LISTEN TO MY PODCAST ON STITCHER https://www.stitcher.com/podcast/lex-levinrad/investing-in-real-estate LISTEN TO MY PODCAST ON GOOGLE PODCASTS https://play.google.com/music/listen?u=0#/ps/Iiv7qpkwc77u5lmgaovhhces5wq LISTEN TO MY PODCAST ON SPOTIFY https://open.spotify.com/show/1p9F8IeW8CRBEvJqVadGGC DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING Download a FREE copy of my bestselling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

The Impact of Corona on Real Estate Investors Apr 22, 2020

On this podcast episode, I talk about the impact of corona on real estate and how this will affect real estate investors, wholesalers and flippers. The great pricing reset of 2020 or what I like to call the "Covid 19 Effect" is related to how pricing in the real estate markets has been immediately reset for wholesalers, real estate investors and lenders. Cash buyers for wholesale deals are cautious right now and are either not buying at all, or they are expecting substantial discounts to move forward on a purchase. We have put a 20% safety margin on all purchases in place to protect ourselves. Capital markets are currently discounting pricing at around 80% to 85% which means they are willing to sell $100,000 loans that they originated a month ago for $80,000 to $85,000 just to get those loans off their books. So I think that a 20% safety margin works (for now). Could pricing get worse? We think it could. Ultimately this will translate into a pricing reset in the retail markets. The reason for this is because 22 million+ people that are laid off or unemployed because of Corona are not going to all be hired back immediately. That is going to take time (years). Many companies will fold and shut down for good. We have to assume that a good percentage of the 22 million unemployed people will be out of work for some period of time. Even if we assume that 17 million people are immediately hired back then that is still 5 million unemployed people. And for those people that own homes, if they cannot make their mortgage payments they will go into foreclosure. And that will result in an uptick in short sales and bank owned properties as banks are forced to foreclose and take the properties back. That may sound bleak. But the reality is that there are hedge funds and private equity funds with trillions of dollars that are ready to pounce on this opportunity. This will ultimately be an amazing opportunity to buy real estate and rental properties at a huge discount. And I don't anticipate that discount to be around for too long. Since interest rates are so low, you can now borrow money at less than the inflation rate. I received a quote on a 15 year mortgage yesterday of as low as 2.25%. If you can borrow money at less than the inflation rate to buy an asset that beats inflation and that you will own free and clear one day then that is a winning formula. So my suggestion is use this as an opportunity to buy real estate. Lock in those low rates. Don't wait to buy real estate. Buy real estate and wait.

Self Storage Investing with Fernando Angelucci Apr 08, 2020

On this podcast episode I interview Fernando Angelucci, the Senior Managing Partner of Titan Wealth Group, about investing in self storage. Fernando has a very interesting background. He first read Rich Dad Poor Dad when he was only 16 years old and started his first real estate investing business (wholesaling) when he was just 19 years old. After graduating college with an Ag-Bio Engineering degree in 2013 he started working for a Fortune 500 Company. Fernando continued investing in single family rental properties, and by the age of 23, he was able to quit his job and focus full time on investing in real estate. At the age of 24, Fernando began investing in value add self storage facilities. He focused on buying facilities at a massive discount to market value where the facility could be purchased for very little money down (and in some cases no money down). Fernando and his company own, manage and operate self storage facilities in 7 different states. He has also wholesaled and flipped self storage facilities to other investors. His strategy is to buy at a high cap rate and sell at a lower cap rate to another investor. On this podcast we talk about investing in self storage facilities, cap rates for self storage, what to look for in a self storage facility, as well as demographics, population growth and job growth. Fernando shares some tips and secrets for self storage investing including how to "underwrite" and evaluate potential self storage investment opportunities, and how to find self storage facilities at massive discounts. He also shares how to market to older self storage facility owners and how to use seller financing to buy self storage facilities from older investors that are looking to retire. Great interview and lots of meat and potatoes in this podcast episode. Take lots of notes! Enjoy the podcast! If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/wholesalingwebinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOU TUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best-selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

Being Efficient With Your Mailing Lists Mar 10, 2020

On this podcast episode I talk about being efficient with your mailing list by scheduling your mail in bulk and by using list stacking software. This is episode 5, in a multi part series about getting back to the basics of Wholesaling Real Estate. The first episode was called "Wholesaling Real Estate 101". Make sure you go back about 6 or 7 podcast episodes, and listen from the beginning to part 1 of this back to the basics series. Part 1 was called "Wholesaling Real Estate 101". Part 2 of this series is "Motivated Sellers and How Sellers Become Motivated to Sell". Part 3 of this series is "Types of Motivated Seller Lists". Part 4 is the episode before this one, where I talk about "Purchasing Motivated Seller Lists" and where to purchase these lists. On this podcast episode (part 5) I talk about being efficient with your mailing list by learning how to pay the least amount possible for your mailing list and your postcard mailings. Make sure you get the lowest possible cost per lead, and the lowest possible cost for mailing. You can achieve this by bulk scheduling your mailings and by buying your lists in bulk. This is cheaper than buying small lists periodically since you pay based on the number of records or mail pieces. We have two great resources for our students to get lists at a discount. One is at www.lexlevinrad.com/listability which allows you to pull absentee records for as low as 2.5 cents a piece. The other is a feature for our students where we can pull lists for you at just 3 cents per record. This is a subscription based service that costs just $97 per month but we can pull records for you at 3 cents per record for as many records as you need. We only offer this to existing students of ours. When you purchase your lists, make sure you save your lists for future use so that you can load these lists into a list stacking software program. If you are using a list stacking software, you will know which of your sellers are showing up on multiple motivated seller lists. You should be marketing more frequently to these people and using higher quality mail pieces. You should also consider cold calling and text messaging these individuals as well. These are your most likely to sell candidates. Another great feature about list stacking software is that you can run any list through the US Postal Service Vacancy list and then extract that list of vacant properties and then market to those vacant property lists. This fact alone makes the subscription price worth it because none of your competitors are marketing to vacant properties (since they are hard to get). We use this software for list stacking: www.lexlevinrad.com/propertylistmanager If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/wholesalingwebinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best-selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

Creating Wealth Interview With Jason Hartman Mar 08, 2020

On this podcast episode I interview Jason Hartman who is the founder of the Creating Wealth Podcast which is one of the top rated podcasts in the Investing Category on iTunes. Jason has completed thousands of real estate transactions, and his company helps real estate investors find and acquire income producing properties throughout the U.S. In this interview, we talk about investing in income properties, and how to pick the most suitable and sensible markets to invest in. Jason talks about the differences between cyclical, linear and hybrid markets and what that means. He also discusses why real estate is hyper local and why choosing where to invest is so important. We talk about mortgages, debt, interest rates and inflation and why having a rental property with a mortgage that pays down over time is one of the best strategies for beating inflation. Jason explains his term "inflation induced debt destruction" to illustrate this point. We talk about the benefits of buying and holding real estate for the long term. And why you shouldn't wait to buy real estate, but instead you should buy real estate and wait. I had a lot of fun interviewing Jason for this episode, and the topics that we discussed are very thought provoking and should help guide you in the right direction towards buying your first income producing investment property. Enjoy the podcast! If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best-selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

Purchasing Motivated Seller Lists Feb 25, 2020

On this podcast episode I talk about purchasing motivated seller lists and where and how to purchase these lists or get access to them. The smartest real estate investors know that if you are marketing to motivated sellers then knowing how to get the best lists is extremely important. Motivated seller lists are broken down into many different categories. You can purchase many different types of lists including foreclosure lists, absentee owner lists, probate lists, inheritance lists etc. Some of these lists can be located for free on the county or city website. Some cities and counties make locating this information more difficult than others. List brokers are able to provide some of these lists for a fee. Some of the hardest to obtain lists require you to physically go down to the court house. Those are the best lists since the least amount of investors actually bother to do that. The worst lists are the ones that are the easiest to purchase. The best lists are the ones that your competitors don't know about. The big question I get asked all of the time by my students is WHERE and HOW to purchase these lists. This podcast episode will help you with that. Generally speaking you can break out your motivated seller lists into different groups (some of which are listed below). This list is NOT all inclusive. There are many lists that are not listed below. COURT SYSTEM Probate Judgement Divorce Eviction Bankruptcy Foreclosure COUNTY OR CITY Code Violations Tax Delinquent Water & Sewer Liens Utility Shut Off LISTS THAT CAN BE PURCHASED Vacant Properties Recently deceased Pre-probate Probate Reverse Mortgage Medical Conditions Inherited Pre-foreclosure 30,60,90 Day late Guardianships Fire Damaged Incarcerated/Arrested Bail Bonds/Liens Absentee Free and Clear High Equity No Equity Negative Equity Unknown Equity Foreclosure Medical conditions Vacant Houses Financial Distress Likely to move low income/bad credit MLS Expired Listings Listings with many days on market MLS Search of keywords like "fixer upper" MLS Search for REO's, Short Sales FOR SALE BY OWNER FSBO Zillow So the question is where does a real estate investor go to buy these motivated seller leads? Here are some of the resources that I personally use, or have used in the past which may help you narrow down your choices: Pioneer Data Exact Data Agent Pro 247 Melissa Data Listsource Listability US Lead List Successor's Data Foreclosures Daily REIFax.com Rebo Gateway If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best-selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

Interview with InvestorFuse Founder Dan Schwartz Feb 04, 2020

On this podcast episode I interview Dan Schwartz who is the founder of InvestorFuse. InvestorFuse is a very powerful tool for real estate investors that functions as both a CRM and an automated follow up system for leads. InvestorFuse integrates very well with Carrot (real estate websites) and Call Rail (call tracking for phone numbers). If you use the Carrot integration, any lead that is created online via a web form on your cash buyer or motivated seller website becomes a lead inside your InvestorFuse account. If you use the Call Rail integration, any lead that is created from an incoming phone call or text message, becomes a motivated seller or cash buyer lead inside your InvestorFuse account. This makes it really easy to follow up on all calls and messages including missed calls. It also makes it easy to take notes of all conversations and to add links and file attachments from conversations with motivated sellers and cash buyers. Considering that it can take 3 to 6 months to close a real estate lead, it becomes crucial to have a central place to take notes and keep track off all phone conversations. It is also imperative to have an automated follow up process. InvestorFuse excels in this area of automated lead follow up. If you listen to this podcast episode you will know why. Dan is obsessed with building systems. If you are doing any kind of marketing for motivated sellers, you will not be able to keep track of all of your seller leads without having a software tool like this. If you have cash buyers calling you every day you need to be tracking that too. We use InvestorFuse in our office to keep track of all of our seller and buyer leads. We have our Acquisition Managers, Lead Managers and Disposition Managers all using InvestorFuse. We have every incoming phone call routing through Call Rail and every one of those phone numbers is tracked in InvestorFuse. That means than anytime a seller or buyer calls our office (or even sends us a text) there is a notification made inside our InvestorFuse account. That makes it easy to keep track of everything. During this podcast interview we also dive deep into talking about systems and scaling and what it takes to develop a 7 figure wholesaling business. Dan has an incredible vantage point, being that he manages the software that runs hundreds of very successful real estate investor teams. Dan offers some great insights into what it takes to create systems that work and how to scale your wholesaling business to 7 figures. Here is a link for you to check out InvestorFuse: http://www.lexlevinrad.com/investorfuse If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best-selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

Types of Motivated Seller Lists Jan 31, 2020

On this podcast episode I talk about the different types of motivated seller lists. On the previous episode we spoke about the types of situations that would cause someone to be motivated to sell. On this episode I talk about those motivated sellers and the types of motivated seller lists that they could be listed on based on their specific situation. Types of Motivated Seller Lists Probate and Pre-Probate Inheritance Lists Foreclosure and Pre-Foreclosure 30, 60,90 Day Late Notice of Default Tax Delinquent Lists Absentee Homeowners Out of State Owners Free and Clear Homes Homes with High Equity Divorce Lists Vacant Houses For Sale By Owner Code Violation Lists Fire Incidence Reports Water Shut Offs Expired MLS Listings Evictions Financial Distress Lists If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best-selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

Motivated Sellers and How Sellers Become Motivated To Sell Jan 27, 2020

On this podcast episode I talk about motivated sellers and how sellers become motivated to sell. The key thing to understand is that NOT all sellers are motivated. In fact, most sellers are not motivated at all. My mentor Ben told me: "Buy houses from people that HAVE to sell, not from people that WANT to sell". A motivated seller needs to sell their property and they need to sell now. They HAVE TO SELL and do not have the luxury of time on their side. Sellers may be motivated to sell because of property damage, financial hardship, or life circumstances. Damage to their property, divorce, a death or disability, foreclosure, job loss, relocation and many other reasons could cause a seller to be in a financial situation where they suddenly find themselves needing to sell their house fast. When they are in this situation if you are marketing to them via direct mail, cold call, Facebook Ads, Google, Text marketing etc. then you have a better chance of buying their house at a discount than from a seller that is not motivated to sell. The key is finding these motivated sellers. To qualify a seller as motivated they need to meet two main criteria: 1. They have to sell their house fast 2. They have to sell their house for cash If your seller does not need to sell quickly or does not need to sell for cash then they are not really motivated enough to sell at a discount. Many sellers want market value for their house and we refer those to a realtor. But when a property is damaged, or the seller is motivated to sell fast for cash (at a discount) then we have an opportunity to buy those houses. That is why it is so important to market to these types of sellers. On the next podcast episode I will cover types of motivated seller lists and how to find and purchase motivated seller lists. If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best-selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

Wholesaling Real Estate 101 Introduction Jan 16, 2020

On this podcast episode, I decided that being that it's a new year, and a new decade, it would be great to do something new. I have a brand new Wholesaling Real Estate Course Outline, which I have been working on for awhile, and I thought it would be a good idea to use each section of this outline as a podcast episode. Essentially I will be walking you through all of the components of wholesaling real estate from start to finish. We will start with Acquisitions (buying houses) and I will cover all of the topics related to buying houses and acquiring houses including (in order) Why motivated sellers are motivated to sell Buying houses from motivated sellers Types of motivated seller lists Where to purchase motivated seller lists Utilizing your list efficiently Skip tracing your list Marketing to Motivated Sellers Buying houses on online auction sites Buying houses from retail real estate sites Buying houses from Government Entities Buying houses from Banks Buying houses at the County Auction Buying houses from wholesalers Buying houses from realtors Buying houses from bird dogs Each podcast episode will dig deeper into the topics above. When we have completed all of them we will move on to the section about selling houses (dispositions)

How To Get Started In Real Estate Jan 05, 2020

On this podcast episode I talk about how to get started investing in real estate. I see so many people that want to learn how to get started investing in real estate, but don't know what to do to get started. I find that it helps if you can break down your ultimate goal (financial freedom) in order to create a process of workable steps that can help you achieve your vision of where you want to be in the future. On this episode we speak about the financial freedom number of $10,000 per month in passive income. I have found many of my students mentioning this number of $10,000 as the amount of money that they would need per month in order to live comfortably without having a job. That is why we call it the financial freedom number. It's the amount of money you need per month to be free of a boss and a job and to be able to live your life on your terms. That is the ultimate goal. If you can achieve that goal then you will be free. I discuss how you can easily achieve this goal by putting together a 15 year plan to own 5 houses free and clear in 15 years. If each one of those houses rents for $2,000 per month then you will have $10,000 per month in passive income. I then talk about the steps that would be necessary for you to take to make this goal achievable. We talk about how you would need to learn how to find houses at a deep discount of at least 20% to market value in order to capture equity on every purchase. And how you would need to market to motivate sellers in order to find these types of houses at a discount. And why to get started, your best bet is to FIRST LEARN HOW TO FIND THESE HOUSES. And the best way to learn how to find these houses is by learning how to wholesale. If you are willing to look at the big picture (financial freedom), then you are able to understand that the small steps are building blocks that you will need to take to achieve your goal. STEPS 1. learn how to find houses at discounts 2. make money wholesaling these houses 3. Build up your capital by saving this money until you can buy rental properties 4. Find rental properties at 80% or less (all in) 5. Buy, repair, rent and refinance these houses 6. Keep the houses until you own them free and clear with no mortgage If you do the above, you will be very wealthy! If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best-selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

How To Create Wealth Dec 16, 2019

On this podcast episode I talk about how to create wealth by investing in real estate. Every day, I speak to new students that want to learn how to create a life of financial freedom. This podcast episode addresses how to create wealth by explaining that in order to have financial freedom, you first need to create wealth. And the surest way to create wealth is by buying rental properties. On this episode, I talk about a house that I recently purchased which is being refinanced this week. Here are the details on this house: My purchase price was 102k Rehab cost was 15k currently rented for $1,300 per month Current appraisal value 160k When I purchased this house a few months ago, I borrowed 90k from a lender and put down the other $12,000. I then spent $15,000 of my own money to remodel the property. After the renovations were complete I rented the property for $1,300 per month. Now that the property is stabilized I want to put long term financing in place. I like 15 year mortgages since they pay down in half the time (compared to a 30 year fixed) and the rates are better. My mortgage broker offered me this loan: $100,000 loan 15 year fixed rate mortgage at 3% interest Monthly payment of $691 Property taxes are $116 per month Insurance is $108 per month Total monthly payment is $915 per month Current rent is $1,300 per month Positive cash flow is $385 per month If the property appreciates at just 4.8% appreciation rate, then the value of the property doubles in 15 years to $320,000. And after 15 years, the mortgage will be paid off and I will own the house free and clear (with no debt). If rents also increase at just 4.8% per year, then the rent will also double in 15 years to $2,600 per month (which is $31,200 per year in income). And with current tax law, you can get a tax deduction for depreciation of as much as $16,000 if you do a cost segregation study (consult with your CPA on this accelerated depreciation method). If you want to create wealth, all you need to do is buy houses, fix them up, rent them out and get 15 year fixed rate mortgages. This is the surest way to create wealth for you and your family. Enjoy the podcast!

Wholesale Real Estate Versus Retail Real Estate Dec 07, 2019

On this podcast episode I talk about wholesale real estate versus retail real estate. This podcast episode topic is an important concept to understand. This episode topic came about based on a question by one of our listeners. There question was "why pay 10% interest if you can get a 4% mortgage? That's a great questions and I thought it would make a good topic for a podcast episode. I called it Wholesale Real Estate Versus Retail Real Estate because this is really the essence of you understanding why as cash investors we need to use private lenders. If you are buying wholesale real estate then you are paying all cash and you cannot use a regular mortgage. The reason you cannot use a regular mortgage are because either the seller will only accept all cash or a mortgage company would not offer a mortgage (for example on a damaged property). Situations where you would have to make an all cash offer include: BANKS Banks do not accept mortgages when they are liquidating properties so any offer on an REO, Short Sale, Foreclosure or Pre-Foreclosure would have to be all cash AUCTION SITES Auction Sites like Hubzu, and Auction.com will only accept all cash offers and will not take offers with a mortgage DAMAGED HOUSES Houses that have any kind of damage from water, flood, mold, or fire cannot be purchased with a mortgage BUYING FROM MOTIVATED SELLERS If you are buying a house from motivated sellers where you say "we buy houses for cash" or you are using postcards, yellow letters, Facebook Ads etc. to market to motivated sellers then you have to pay all cash. On all of the above scenarios you would need to make an all cash offer which means you need to either have the cash yourself or you need to use a private lender or hard money lender.

Text Marketing with Lead Sherpa Founder Jason Nickel Nov 14, 2019

On this podcast episode, I interview Jason Nickel who is the founder of Lead Sherpa. Lead Sherpa is a text marketing platform for real estate investors, that lets you send text messages directly to motivated sellers. The first step to text marketing is to purchase a motivated seller list (for example an absentee list). The next step is to skip trace this list which can be done with any skip tracking service or directly inside your Lead Sherpa account. Once you have your list skip traced and you have all of the mobile numbers, then you can start marketing to potential sellers by sending text message to them. This is a very unique way of reaching motivated sellers. There is a lot of buzz in the real estate investing world around new marketing platforms like text marketing. On this podcast Jason discusses text marketing in general and particularly using Lead Sherpa. We also discuss the legality of text marketing (to sellers only) and why text marketing is legal and compliant. We discuss lead acquisition costs, cost per lead and cost per deal and compare it to other marketing platforms such as direct mail, pay per click and Facebook Ads. What we have found in our business is that the cost per lead with text marketing is substantially lower. For example, our average cost per lead in text marketing is $10 to $20. We count a lead as someone that is interested in selling their house. That cost compared to other marketing methods is very low. For example we spend $50 on Facebook Leads and $300 on Pay Per Click Leads for a cost comparison. You should learn how to add this marketing tool to your budget and start marketing directly via text to motivated sellers. Enjoy the podcast Disclaimer: The above commentary and anything mentioned in this podcast should not be construed as a legal opinion. We are not attorney's and we cannot give you legal advice Please consult with your attorney if you are going to employ text marketing in your business. You should do your own research and due diligence, and consult with an attorney that specializes in this area of marketing since telecommunications regulations and laws change and vary from State to State. If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best-selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

Rental Property Investing For Beginners Nov 04, 2019

RENTAL PROPERTY INVESTING FOR BEGINNERS Do you want to get into rental property investing because of the positive cash flow? Many new real estate investors are first attracted to the idea of investing in rental properties because of the passive income and cash flow benefits. But when you actually buy your first rental property, you are more likely to break even or make only a few hundred dollars a month in positive cash flow on your rental properties. When you realize that you have to pay for maintenance and repairs, and that not all tenants pay their rent on time, you can easily find your positive cash flow turning into break even (or even negative cash flow). This is very common, and unfortunately it is also the main reason why new investors get out of rental properties. If you are going to invest in rentals, then you need to understand the bigger picture of why you are buying rental properties and this bigger picture needs to be more than just your currently monthly cash flow. Keep in mind that I am not suggesting that you EVER invest in a property that is negative cash flow. What I am suggesting is that your first rental property is more likely to be break even or only moderately positive. If you don't understand the bigger picture of why you are investing in real estate with rentals, then when the maintenance bills and evictions come, you will not have the fortitude to stick it out for the long term. That is why I made this podcast. To show you the long term benefits, and why you HAVE to invest in rental properties even if your initial year is only moderately positive cash flow. On this podcast, I use an example of a house that you can purchase for $70,000 that has an after repair value of $100,000. We call that a wholesale deal. Assume that you are my student, and I am willing to loan you $60,000 of my own personal money to buy this house (I do this with my coaching students all of the time). In this scenario, you only need to put down $10,000 and I give you a personal loan for the other $60,000. Let's assume that this house is in pretty good shape and needs only $5,000 to be rent ready (clean and paint and some minor repairs). Your out of pocket cash on this house would be $15,000 (I am not including closing costs, insurance etc in order to keep this example simple and easy to follow). So you buy the house, clean it up and rent it out. And then you go to your mortgage broker and tell them you want to refinance to pay off the $60,000 loan that you owe me. The appraisal comes in at $100,000 which is the initial ARV Estimate that you figured the house would appraise for. The bank is willing to loan you 80% of the appraisal value ($80,000). Let's assume fees to refinance are $5,000. You are left with $75,000. You take that $75,000 and you pay me back the $60,000 and you are left with $15,000. This is the same $15,000 that you put into the property. At this point you have effectively purchased a property with no money down. Remember that you would have paid closing costs, insurance etc to get into the house so you would really be out of pocket by a few thousand dollars. Now you own a $100,000 house and you owe the bank $80,000. Your equity in the property is $20,000. By purchasing this property (which was at a wholesale price) you have increased your net worth by $20,000. You now own an asset. But this asset comes with headaches (tenants and repairs) and benefits (tax deductions). Let's talk about the tax deductions. The interest, property taxes, insurance, repairs and maintenance are all deductible. So is the depreciation. By buying a rental property, even if your cash flow was break even, you would make money from the tax deductions. This means less money would be taken out of your pay check. But it gets better. If you get a 15 year mortgage, and you are able to endure the tenant, the repairs, and the maintenance, then 15 years from now you would own this property free and clear (with no mortgage). If that property increased in value at just 4.8% per year (lower than average) your property would DOUBLE in 15 years and would then be worth $200,000. and you would own it free and clear. If rents increased at just 4.8% per year then your rents would double too (from $900 per month to $1,800 per month). So when you first start out investing in rental properties look at the bigger picture. If you can buy a property for almost no money down, and 15 years later you will have an asset worth $200,000 and a LIFETIME of rental income then that is the bigger picture. If you need to endure some difficult tenants, a few evictions and maintenance and repairs then always remember that all of that is deductible (and you will pay less taxes). Make a commitment to buy at least one rental property. Hold it for the long term and you will be wealthy. Here is the link to the webinar: https://www.lexlevinrad.com/webinar

Wholesaling Real Estate 101 Oct 30, 2019

WHOLESALING REAL ESTATE 101 On this podcast episode I talk about wholesaling real estate, what wholesaling is, and the four basic steps of wholesaling. The Four Steps Are: *Finding a House That Would Be A Good Flip *Making An Offer To Buy That House *Getting The House Under Contract *Selling That House For A Profit To An Investor I discuss a lot of meat and potatoes stuff about wholesaling on this episode. I use an example of finding a house For Sale by Owner on Zillow, making an offer to purchase the house, and flipping the house to a cash investor. Using the example, I walk you through the inspection period and why that is important and how to use the inspection period to cancel your contract or ask for a price reduction. I talk to you about assignments of contract versus double closing and when you should use which strategy. We also cover cash buyers, building your cash buyers's list and why you should get your real estate license. I talk about why finding a house is the most difficult of the 4 steps above and why cash investors like me are always looking for more houses. I discuss different websites for finding houses, and bidding for houses on online auction sites like Hubzu, Auction.com and Xome. I also discuss marketing to motivated sellers with direct mail, Facebook, Pay Per Click, Text Marketing and Cold Calling. There is a lot of meat and potatoes about wholesaling in this episode. If you are new to wholesaling or want an intro to wholesaling then this podcast episode is for you! If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best-selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

Can You Recognize A Wholesale Deal? Oct 25, 2019

Are you new to real estate investing? Do You Know How To Recognize A Wholesale Real Estate Deal? If you do, then you should be willing to act (very quickly) when you see it. The first step for new real estate investors is to make sure that you know how to tell a good wholesale real estate deal from a bad one. Too many beginners don't the difference. Knowing the difference between a wholesale real estate deal and a dud is the basics of this business. You should learn what a wholesale real estate deal is for your market if you don't already know it. In this video I talk about the concept of "you eat what you kill" and having the "killer instinct". I learned both of these from my mentor. At the Wholesaling Real Estate Boot Camp, I use an analogy of a lion walking in the jungle that hasn't eaten in two weeks. If that lion were to see a deer, it wouldn't think about whether or not it should eat that deer. It would just eat it. As an investor you need to be like that lion. If you see a good wholesale real estate deal, then you should pounce on that deal just like that lion would pounce on that deer. You shouldn't hesitate for even a second. If you do, someone else will grab it. For example a student of mine wanted to go and look at a house. But they couldn't get off of work. Someone else bought the house that same day (an hour later). If you want the real juicy wholesale real estate deals then you are going to need to move quickly when you see them. You won't always have the luxury of time (most of the good deals you will need to make a split second decision - virtual wholesaling) If you don't act fast, your competitors will beat you out every single time. Would you pick up a $100 bill off the sidewalk? How about a $20 or a $5? What about a quarter? Well good deals could have YOUR ANNUAL SALARY in equity so you need to be aggressive and ACT FAST to grab the best deals. If you don't want that $30,000 or more in equity in your bank account someone else will. So when you see a deal, if it looks like a deal, and it is a deal them MOVE QUICKLY and have that killer instinct. In order to move quickly and pounce like this, you need to be able to recognize a deal when you first see it. You will need to know your target market (your city you are focusing on) very well. You will need to know prices per square foot for wholesale real estate and for retail real estate in your target market. You would need to know the after repair value (ARV) and what it would cost to repair the house. You need to know what investors would pay to BUY that house and you need to know what investors could SELL that house for after it has been fixed up. You should have a "buy zone" that other realtors and wholesalers know, so that you can have a constant stream of potential deals to look at. For example in the house in this video, in this city, my "buy zone" is $80,000 to $90,000 (for a 2 bed 1 bath) and $100,000 to $120,000 (for a 3 bedroom 2 bath). That's because I know I can sell 2/1's for $130,000 to $140,000 and I know I can sell 3/2's for $180,000 to $190,000. Do you know your target market city that well? If you do then start acting fast and learn how to take down deals before your competitors by having that killer instinct. This applies regardless of whether you want to wholesale, buy and hold or fix and flip houses. Here is the link to the boot camp that I referenced in the video: https://www.lexlevinrad.com/distresse... If you are brand new to real estate and want to learn more about wholesaling real estate and how to wholesale and flip houses, then please register for the free wholesaling real estate training at this link below: REGISTER FOR THE FREE TRAINING https://www.lexlevinrad.com/webinar SHARE, LIKE, COMMENT Please share, like and comment on this video. I will personally respond to all questions and comments 😊 SUBSCRIBE TO MY YOU TUBE CHANNEL http://www.youtube.com/lexlevinrad?su...

Real Estate Sales Training With John Martinez Sep 23, 2019

On this podcast episode, I interview John Martinez who is the founder and CEO of Midwest Rev. John created the "Online REI Sales Academy" to help new and seasoned real estate investors learn how to get better at negotiating with motivated sellers. If you want to learn what to say when you talk to sellers, what scripts to use, and how to convert and close more motivated seller leads then you should check out his training program. It's called the Online REI Sales Academy. Here is a link for you to learn more: https://www.lexlevinrad.com/midwestrev/ If you are starting to scale up your real estate business then this podcast episode is especially important for you to listen to. If you want your real estate business to thrive, you will need to be constantly marketing to motivated sellers. As your business grows, and as you make more money, you should be allocating more and more capital towards your marketing efforts. When you market to more motivated sellers then you will get more seller leads. And more seller leads means more phone calls. When you can’t answer the phone yourself, and you have too many seller leads coming in, then it’s time for you to hire a lead manager to help you with all of your incoming seller leads. That lead manager should be filtering through the leads and saving them in your CRM (we use Podio). The goal of the lead manager is to book appointments for you to meet with motivated sellers. As your lead pipeline grows, and as you market more and more, eventually you will come to a point where you cannot go on all of the appointments yourself. Or you may decide that you don’t want to. When you are at this point where you can’t go on any more appointments then it’s time for you to hire an acquisitions manager. If you want to scale and grow your focus should be on driving more leads and conversions, not answering the phones or going on appointments. You will need to hire an acquisitions manager to go on those appointments for you. The problem is, how are you going to train the acquisitions manager? How are you going to train your lead manager? What should they say? What scripts should they use? How should they overcome seller’s objections? That is where the Online Sales Training by John Martinez who is the founder of Midwest Rev is so important. John has more than 20 years of sales experience and he has applied that knowledge of sales and sales training to create an amazing resource for real estate investors. John’s training is specifically for real estate investors and real estate companies that want to learn how to train themselves and their teams to convert more leads. If you have a lead manager or an acquisitions manager, or if you are thinking of hiring for either of these two positions, then the Online REI Sales Academy is an amazing resource. Whether you are a solo real estate investor, or a real estate investment company with a few employees, you should check out John’s Sales training. It’s called the “REI Sales Academy” and it’s really good! I personally use the online sales training’s in my office with my staff. And I have all of my lead managers and acquisitions manager complete the online training. I also refer my coaching students to the Online Sales Academy as well. Many of my friends and associates in my Collective Genius Mastermind, who are some of the biggest real estate investors in the U.S. have their entire sales team complete John’s training and attend his boot camps. And all of them say the same thing – it’s awesome! Check It Out For Yourself – It comes Highly Recommended (by me) https://www.lexlevinrad.com/midwestrev/

How To Get Started Fixing and Flipping Houses Aug 30, 2019

On this podcast episode, I talk about the key components that you need in order to get started fixing and flipping houses. THESE KEY COMPONENTS ARE: *Finding A House To Fix & Flip *Estimating After Repair Value *Estimating Repairs & Materials *Calculating Your Profit Margin *Finding a Private or Hard Money Lender *Having a Contractor To Fix The House On this podcast episode, I dig deeper into some of these topics and show you why the most important basic foundation for fixing and flipping is to understand what the house will sell for (After Repair Value). The other key component is what it will cost to repair the house (labor and materials). If you know the answer to the After Repair Value, and you know the Repair Estimate, then it is relatively easy for you to plug those two variables into a calculator and figure out your potential profit on the fix and flip. Here is a free tool that I created for my students to use to estimate the profit margin on fix and flips: https://www.lexlevinrad.com/rehab-property-calculator You can also download the Rehab Property Calculator as an App for your phone in the Google Play and iTunes App store for free by searching for "Rehab Property Calculator". For the types of materials that I personally use on my fix and flips you can visit this link to get the materials and components that we use from Home Depot along with the SKU's: https://lexlevinrad.com/materials If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best-selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

How To Buy Houses With No Money Down Aug 23, 2019

On this podcast episode I talk about how to buy houses with no money down. This strategy works really well when there is not enough equity in the deal for you to make a cash offer to buy the house. You will find that many of your competitors and wholesalers will walk away from these deals because they don't know how to structure them. This will give you a competitive edge if you do! The biggest benefit of this strategy is that you can buy as many houses as you want since you are not coming out of pocket on the purchase of the house (other than closing costs). This strategy allows you to buy a lot of real estate in a short amount of time and is how I got started investing in real estate. My first three houses were purchased by assuming the existing mortgages and most of the houses that I purchased between 2003 and 2006 were hurricane damaged houses that were purchased by assuming the existing mortgage. On this episode, I talk about specific details on how to assume a mortgage, assumptions of mortgages, due on sales clauses, land trusts and lots of good meat and potatoes information related to buying houses by taking over an existing mortgage. Disclaimer: I am NOT an attorney, CPA, Tax or Financial Advisor, and nothing on this podcast should be construed as financial, tax, or legal advice. Please consult with YOUR attorney as this is a complicated area and you need to understand the consequences of the due on sale clause. If you want to buy houses with no money down then learning how to buy houses with the existing financing in place (like the current mortgage) is the best way to do it. If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best-selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

Interview With Deal Machine Founder David Lecko Aug 08, 2019

On this podcast episode, I interview David Lecko who is the founder of Deal Machine. Deal Machine is an incredible app for real estate investors that can help you take your driving for dollars game to another level. You can download the app by visiting http://www.lexlevinrad.net/dealmachine One you install the app on your smart phone, you can start driving for dollars. What's amazing about this app is that you don't need to have a yellow pad next to you scribbling down addresses of vacant properties to look up later. When you drive for dollars, you are looking for vacant, boarded up houses. Tell tale signs are blue tarps on the roof, lawns that are overgrown or mailboxes that are stuffed full. It is not difficult to tell when a property is neglected. Properties can be neglected because someone recently passed away, or they could be vacant because an absentee out of state landlord is having difficulty managing a property. There are many reasons why a property could be vacant, but the most obvious sign of distress and finding motivated sellers is vacant houses. Vacant houses are a gold mine for finding deals. What makes these leads so powerful is that you cannot buy these leads anywhere. The best way to find vacant houses is by driving for dollars (or hiring someone to drive for dollars for you). And if you are driving for dollars, the best tool for you to have in your arsenal is the Deal Machine App. With the Deal Machine App, you simply take a picture of the property and pin your location in the app for the property address. Deal Machine can then start a sequence of postcard mailers where they mail postcards for you to the property owner. They use the property appraiser and tax assessor info to establish the owners contact information. Your postcards can be customized and configured in your dashboard and you can change the message and the phone number. They recently added a feature that allows for even more customization to your postcards. I suggest you use call tracking on your postcards that you set up in Deal Machine. This way, you will know which calls are being generated from Deal Machine, and you can track your leads, your marketing costs and your deals closed. When you set up your mailers, you can also edit your postcard mailing frequency and set it up to mail postcards for a certain period of time (for example once a month for 6 months). Another great feature of the Deal Machine App is that you can actually look up the property owner's name and email address within the app. So you could literally pull up to a vacant property, take a picture of it, pin the location, find the owner and give them a call. This is an amazing app which takes driving for dollars to another level. We have the enterprise plan which allows us to add unlimited bird dogs to our team so we can have an entire team of property locators submitting deals to us. You can download the Deal Machine App at this link: http://www.lexlevinrad.net/dealmachine If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best-selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

Rentals Will Make You Rich Jul 14, 2019

On today's podcast episode I talk about an example of a property which was based on a video that I uploaded to my YouTube channel yesterday called "Buy, Rent, Repair and Refinance". You can see that video here: https://youtu.be/KfLPeO6U52E I received quite a few questions from students of mine (and from new investors that are not yet students) asking me to elaborate on this and explain the numbers and how it works in more detail. So I created this podcast episode especially for those of you looking for a greater understanding of how this works and a more detailed explanation of the numbers. In this example my student Mark purchased the house for $116,000 and I gave him a loan of $106,000. His down payment was $10,000 and I loaned him the rest of the money. Now Mark wants to fix and flip this house. But I want to show you an even easier strategy than fixing and flipping which is way less risky. It's called the BRRR Strategy (which stands for Buy, Repair, Rent and Refinance). This strategy is overlooked by almost everyone. And you want to know why? Because everyone wants to make money RIGHT NOW. No one wants to be rich in the future. Everyone wants to be rich now. The reality of life is that it doesn't work like that. The real wealth is made in sitting and holding on to your investments (Warren Buffett said that). I have houses that I purchased for $35,000 in 2009 that are now worth $225,000. I just sat on them for 10 years and basically did nothing. I was lucky enough to buy them right at the bottom of the market (when no one wanted to buy at the height of the financial crisis). I borrowed the money from private lenders and then I repaired the properties, rented them out and refinanced. I utilized this BRRR strategy with every one of those houses that I purchased. And you could too. I run through the numbers on this house showing you how much money out of pocket you as an investor would need to do this deal ($21,400) I show you the breakdown: $10,000 down payment $10,000 in repairs $5,000 in Points and Fees Less $3,600 for first last and security Your Net Out of Pocket $21,400 I explain how you can appraise this property for $160,000 and refinance it and after all fees get back $123,00. You can pay off the $106,000 hard money loan and be left with $17,000. If you deduct this $17,000 from the $21,400 net cash out of your pocket (after refinancing) you are only out $4,400. And you control a $160,000 house with just $4,400 out of pocket. And you have $32,000 in equity in that house since it appraised for $160,000 and you owe the bank $128,000. You have effectively turned $4,400 into $32,000. And if you just sit on that house for 15 years and get a 15 year mortgage it will double in value and you will own it free and clear. And in 15 years the rents will double too. I also speak about the long term growth potential of rental properties and how single family rental properties will make you rich. I recommend that you have a pen and paper handy to write down the numbers on a notepad so you can visualize it and see for yourself. If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best-selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

Buying Rental Properties Jun 14, 2019

On today's podcast episode I talk about buying rental properties. I talk about cash flow, appreciation, and the tax benefits of buying rental properties - especially if you have a steady job and have a lot of taxes being withheld from your paycheck. I also cover the "myth" of investing in rental properties where beginners think they are going to sit back and collect the cash flow. In reality, many times in the first few years of a rental property there isn't that much cash flow. The trick is to buy the property below market and to capture equity. If you do that then you increase your net worth the day you buy the property. Even if your cash flow is only moderately positive when you buy, it will be much more positive when you refinance. This only makes sense if you gain equity when you buy. That means you should be buying wholesale deals at wholesale prices. Over time you will be able to raise rents, and your equity will increase as well. If you are smart, you will put a 15 year mortgage on that property and own it free and clear in 15 years. Remember that the goal is financial freedom. If you want to become wealthy, buying rental properties below market, repairing them, renting them out and then refinancing into a 15 year mortgage is a solid and easy way to build your wealth. I show you a few examples with my current rental properties to show you the numbers, the equity and the cash flow and tax benefits and appreciation potential over just the past 4 to 5 years. Real estate can make you very wealthy - if you are patient and you buy right. If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best-selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

How To Change Your Mindset May 28, 2019

On this podcast episode I talk about how to change your mindset, and why mindset is so important for you to be able to achieve your goals of financial freedom. First you have to believe that you can. And that starts with mindset. I can take every single real estate system, tool and method that I know, and I can teach them all to you. But without you understanding that everything starts with your mindset it will be a waste of time and you will learn nothing. The reason is because you will let doubt, fear and negative thoughts creep into your mind and stop you. The key to breaking out to another level is to understand that it all starts with your mindset. This is why I start every one of my real estate boot camps with mindset and we talk about books like "Think and Grow Rich", Rich Dad Poor Dad" and "Laws of Success". Mindset really is everything. If you want to succeed in life and achieve everything that you want (including happiness) then you need to start out with working on your mindset. Here is the link to the book "As a Man Thinketh" that I mentioned in the podcast" http://www.lexlevinrad.com/think If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

How To Have a $100,000 Month May 23, 2019

On this podcast episode I talk about how it is possible to have a $100,000 month wholesaling and flipping houses. I break down what you would need to do in order to make $100,000 wholesaling. I want you to see that once you understand the concept of buying houses from motivated sellers and selling those houses for a profit - how much you make is really up to you! It could be a $100,000 month or a $100,000 week or a $100,000 year. Whatever your mind can conceive and BELIEVE it can achieve. So start with working on how you think. Because that is what is holding you back. If you have never had a six figure year or a six figure month then you will need to change how you think in order to get there. I cover some really good stuff in this podcast episode. It's all mindset and learning how to push yourself out of your comfort zone. At the end of the day once you do that, you realize that it's just a numbers game. How many houses you wholesale and flip is dependent on the system and the software and the people that you hire. You need to leverage people, leverage technology, leverage systems and leverage people that you hire to get to a entire new level where a six figure month is possible. Once you get there start thinking even bigger than that! The more you market, the more leads you generate. The more motivated sellers calling you, the more appointments you go on. And the more appointments you go on the more houses you buy (and flip for a profit). Eventually as you grow you won't be able to answer the phone and go on seller appointments. You will need to hire someone to do that for you. And that will be a learning curve too. But that is what you will need to do to grow. Remember, Think Bigger and Dream Bigger! If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

How To Drive For Dollars May 20, 2019

On this podcast episode I talk about Driving for Dollars and How to Drive for Dollars. I talk about how much technology has changed since when I started back in 2003 and how technology has leveled the playing field for new investors. You can now use apps like Send Fuse and Deal Machine to automate your postcard mailings to vacant houses. I show you an example of my student Mark who has found 214 vacant houses while driving for dollars on his one hour lunch break. He found 214 vacant houses in just one hour consistently driving for dollars over the past 8 weeks. He uploaded all of those houses to Deal Machine and he just got his first house under contract! I also talk about the different ways you can market to those sellers on vacant houses by mailing postcards, letters, calling them and sending them emails. If you want to try out Deal Machine you can check it out at this link: http://www.lexlevinrad.net/dealmachine Enter the code FTCYXN to get $10 off your first post card mailing If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

How To Get Started Wholesaling Houses Part 2 May 10, 2019

On this podcast episode I follow up on the prior episode (How to get started wholesaling part 1) If you have not already listened to the previous podcast episode please do so now before listening to this one since it will make more sense to you if you listen to it in order. On this podcast episode I review getting your license, building your cash buyer website and posting properties for sale online on your cash buyer website. I talk about the importance of knowing what a wholesale deal is, and understanding After Repair Value, Repair Estimates and Maximum Offer Price. Then I discuss marketing to sellers and setting up your seller websites. I also talk about Facebook ads, direct mail (postcards) and bandit signs for sellers. I summarize for you what a beginner's wholesaling business costs would look like including call tracking, a phone system, 5 websites and marketing with bandit signs and post cards. I show you how to put all of this together and what it will cost you to realistically start out as a new wholesaler with a summary of your business costs and what it would cost you to operate. I show you how for just $500 a month you can be in business as a new wholesaler. There is a lot of information in this podcast. Make sure you take lots of notes! If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

How To Get Started Wholesaling Houses Apr 25, 2019

On this podcast episode, I walk you through a 90 day plan on how to get started wholesaling houses. STEP ONE - CASH BUYERS The first thing that you want to do is start out by building your cash buyer's list and talking to cash buyers. the best way to do this is by posting properties for sale on your website. If you don't have properties to post, then network with other wholesalers that do have properties and get permission from them to market their deals to your cash buyers. For the website I recommend that you use Investor Carrot (www.lexlevinrad.com/carrot) because it and is already set up with lead capture forms that capture buyers information when they visit your website. Carrot websites are also great for SEO and will integrate very easily with mail chimp for email broadcasts. This will come in handy when you want to start marketing wholesale deals to cash buyers via email. I highly recommend that you consider getting your real estate license before you start marketing properties since you are required to have a license in order to be marketing real estate. Bandit signs are a great way to market directly in the area of the properties that you have under contract to flush out cash buyers. Try and aim for 10 new cash buyers per day. If you do this consistently then you will have 900 cash buyers in your database after just 90 days. And when you market a wholesale deal to these 900 buyer's, you will not have a problem selling your deal. STEP TWO - LEARN WHAT A DEAL IS If you are going to be talking to cash buyers, you will need to know the after repair value of houses (what the house could be sold for after being repaired) and you will need to know how to estimate the repair costs. Buyer's will ask you questions like "how much is it worth" and "what does it need". What they are really asking is what is the ARV (after repair value) and how much repairs does it need. If you don't know the answers to these basic questions then you will not be able to sell properties to cash buyers. If I asked you this question and your answer was vague I would not answer the phone again when you called. STEP THREE - MARKET TO SELLERS Once you have cash buyers, you will need to have properties to sell to your cash buyers. In order to have a consistent pipeline of leads you will need to be consistently marketing to motivated sellers. the key word is to be CONSISTENT with your marketing. It does you no good to start and stop your marketing. This marketing can be bandit signs, Facebook Ads, or Direct Mail. But you must be marketing. And when you get a seller that wants to sell and you need to make an offer then you need to know how much to offer. And this is where understanding what a deal is become so important. You need to understand the ARV and the repairs (step two above). If you don't know how to estimate what a house is worth or how to estimate the repairs then I highly recommend that you come to my Wholesaling Real Estate Boot Camp (which is held in May and September). This boot camp is for beginners and teaches you how to estimate ARV and repairs. I take my students to bank owned properties and show them on site how to estimate what the house is worth and how much repairs are needed and how to calculate how much to offer. If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

How To Build Your Cash Buyer's List Part 2 Apr 16, 2019

This podcast episode is part 2 of "How To Build Your Cash Buyer's List". Please listen to part 1 before listening to this part 2 episode on building your cash buyer's list. On this podcast episode I continue where we ended off on the previous episode. I talk about more strategies of how to build your cash buyer's list and find cash buyer's by using: * The MLS to find cash buyers on past sales * Data mining lists for cash buyers * Using Linked In and Facebook Groups * Direct Mail to Cash Buyers * In the field talking to contractors * Virtual assistants scraping past sales data * Comparable Sales report showing cash sales * Your website If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

How To Build Your Cash Buyer's List Part 1 Apr 10, 2019

On this podcast episode I talk about how to build your cash buyer's list. This is "How To Build Your Cash Buyer's List Part 1". Make sure you look for the next episode called "How To Build Your Cash Buyer's List Part 2". On this podcast episode I talk about: *Finding cash buyers from networking *Landlords that are cash buyers *Offline methods for finding cash buyers *Online methods for finding cash buyers If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

How To Become A Private Lender Mar 27, 2019

On this podcast episode I talk about private lending, private lenders and hard money loans. I discuss why investors use private lenders to fund their purchases, and why this is a win/win scenario for both the borrower and the lender. I also explain why buyers cannot purchase fix and flips with mortgages and why they have to pay all cash or use a private lender. This is the essence of why private lending exists. Banks will not accept offers on properties with a mortgage. They will only accept cash offers. Buyers need to pay all cash to purchase these properties and if they don't have the cash then they need to borrow the cash to fund their purchase from private lenders. This is a private loan or private mortgage (meaning originated by a private party and not a bank). Your collateral as a lender is the property. If you have money sitting in cash, savings accounts, CD's, IRA's, stocks or bonds you could be earning a consistent return of 10% to 13% by being a private lender. If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

How to Buy and Flip HUD Properties Mar 17, 2019

On this podcast episode I talk about buying HUD properties, and how you can find deeply discounted properties and bid on them directly on HUD's website. I explain what HUD properties are, the type of properties that are listed, and the different bidder types on HUD's website. I also show you why it is a good idea to have your real estate license if you want to bid on HUD Homes and why you always need to close on HUD properties (or lose your deposit). If you are an investor looking for a great deal on a property that can be purchased at a deep discount then you should definitely be looking at HUD properties. Some of these properties make great rentals or fix and flips. But you do need to know how to navigate HUD's website and the system and process for buying and bidding on HUD Properties which is outlined on this podcast. If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

How Much Should You Offer On A Property? Mar 15, 2019

On this podcast episode I talk about how much you should offer on a property, which is directly related to knowing what the house is worth. We establish what a house is worth by estimating the After Repair Value or ARV. We calculate this by looking at three things: 1. Comparable Sales - what houses sold for 2. MLS - what is currently listed for sale 3. MLS - inventory and pricing of houses Only by looking at the past (what houses sold for), the present (what is listed on the MLS), and having a pulse for what is going on with our market (inventory and pricing), are we able to really know with confidence what we can sell a house for. Once we establish this number, if we know what the repairs will cost then we can use a simple calculator to estimate our profit potential. I developed a Rehab Property Calculator for my students which you can access at http://www.lexlevinrad.com/rehab-property-calculator. This calculator is also available in the app store for both Android and iPhone - you can find out by searching for "Rehab Property Calculator". That way you can use the app in the field like my students do, to estimate your profit potential on fix and flips. If you want to learn how to estimate repairs, labor and material costs as well as learn how to Fix and Flip Houses then I encourage you to attend my Fixing and Flipping Houses Boot Camp: You can learn more about this event at: https://www.lexlevinrad.com/fixing-and-flipping-boot-camp/ If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

Why Debt Will Make You Wealthy Mar 12, 2019

On this podcast episode I talk about why borrowing money to buy real estate will make you wealthy, and why you should not be afraid of borrowing money and debt (for real estate). The most common thing that I hear from new and beginning real estate investors is that they don't have any money to get started. Remember that the benefit of investing in real estate is compounded by the more you are able to borrow to buy that real estate. You are not supposed to buy real estate with your money. You are supposed to use borrowed money from investors and private lenders to buy real estate. If you buy your real estate right (at a discount) then you should be able to cash out refinance more money than was put into the property. And if you want to get the maximum tax benefits, leverage and returns on your investment then you have to use as much borrowed money as possible. In an ideal scenario you should try and find private lender's that will fund your purchase AND your repairs so that your cash out of pocket is as little as possible. When you use private lender's money to fuel your purchase of real estate, then your returns are substantially magnified and you have no limit to how much real estate you can buy. You are only limited by how much money you can borrow and how many investors you have. You are also limited by how many houses you can find that you can buy at a discount (that's the real challenge). In order to find houses to buy on a consistent basis, you will need to be marketing all of the time. That means direct mail, pay per click, outbound dialing, Facebook ads, Google Ads and your website(s) producing a constant stream of motivated seller leads. For this podcast episode I use an example of a house that I purchased back in 2009 for just $35,000. This house was a bank owned property and was purchased directly from the bank. I use this example of an actual property that I own to show you the wealth creation benefit of buying real estate with other people's money. And I show you the benefits of what can happen if you hold it for the long term (in this example 10 years). I share with you how I purchased this property without using any of my own cash, and how after purchasing and renting this property out I still had $10,000 left over. I show you how much I borrowed, and how I put $20,000 in my pocket from lease options while I held on to this property. My purchase price was $35,000. My cash out of pocket was zero. My cash in pocket was $30,000. Today the property is worth 5 times that ($175,000). And I still own it! If you want to create real wealth (millions of dollars), you will need to learn how to buy a lot of real estate with other people's money. And in order to do that you will need to get over the fear of borrowing money. Why? Because debt will make you wealthy. However borrowing money to buy real estate will only work for you if you buy the real estate at the right price. That means you have to buy at a discount to market value. That's the real challenge. Learning how to buy real estate at a discount - which is why I focus on teaching this at my Wholesaling Real Estate Boot Camp. If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

Buying Turn Key Rentals Feb 28, 2019

On this podcast episode I talk about buying turn key rental properties for passive income, cash flow and wealth creation. I use some current examples of turn key section 8 rental properties that are managed by our office. I show you the numbers and returns on actual case study examples of turn key rental properties that we are marketing this week. I break down Gross Income, Net Income, Cash on Cash Return, Return on Investment. Most of these properties have a 13% gross return on investment which translates into a 9% return after accounting for expenses. I show you how you can leverage your return with the use of a mortgage and get as much as 20% return buying a turn key rental property with property management included. See the link that I mention on the podcast that shows the breakdown and returns on this turn key section 8 rental property: https://www.lexlevinrad.com/section8 If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

The Cost of Borrowing Money Feb 25, 2019

On this podcast episode I talk about the cost of borrowing money and specifically the fear of borrowing money (which I see many beginners have). I use a live case study of a house that I am currently fixing and flipping in Cocoa Beach, which will be listed on the MLS in the next few weeks for $169,900. My purchase price was $55,000. On this fix and flip case study, I borrowed ALL of the money. I borrowed the $55,000 to purchase the property and I also borrowed the $30,000 to repair the property. My out of pocket cost at closing was zero. And I received a check of $28,000 which I used to contribute towards the cost of the repairs. I only needed to lay out $2,000 from my pocket for closing costs and another $1,800 for taxes, insurance and utilities. The net cash that I laid out from my pocket was only $3,800 on this house. The profit on this deal is $58,950 assuming I can net a sales price of $160,000. That profit of $58,950 is AFTER commissions, interest, insurance, repairs, utilities and closing costs. That profit of $58,900 is on an investment of only $3,800 cash out of pocket. That represents a return on cash invested of 1,550% which is HUGE. If you want to be a real estate investor, then you are going to need to get over your fear of borrowing money. You will also need to fix your credit and learn how to pay your bills (and interest) on time. You need to learn how to borrow money from investors, and you need to learn how to leverage that money to make even more money. Remember that the KEY to growing your business is learning how to borrow money. If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

Understanding ARV and Calculating Your Offer Price Jan 24, 2019

On this podcast episode I talk about how to calculate the After Repair Value (ARV), so that you can know how much to offer on a property. Most new investors, and a fair amount of seasoned investors make the mistake of using common tools like Zillow, the MLS, and the Property Appraiser Website to estimate what a house is worth. On this podcast I talk about why that is a mistake and how that mistake can cost you a lot of deals (and a lot of money). I use as an example, a house that I just purchased last week from a wholesaler. I paid $105,000 for this house and the wholesaler purchased it for $90,000. According to most online estimates on sites like Redfin, Zillow, Movoto and Trulia the house is worth around $125,000. However the real ARV on this house is probably more like $165,000. I explain to you in detail how I came up with that number by showing you how I use the MLS to see what is for sale right now and how a first time home buyer with an FHA mortgage thinks. Using the wrong tools, or not having complete access to tools like a good comparable sales report (which is not free) can create a situation where you rely on sites like Zillow, the property appraiser and the MLS for comps and to estimate ARV. While that may work (more or less) sometimes - it won't work all the time. Those sites can, and will, throw you astray. You will not always get accurate numbers if you use these sites to estimate ARV. Having access to the MLS, and a good comparable sales report (we use Title Pro), plus doing the work in understanding your market, what sold, and what is listed for sale, can be the difference between being way off, or spot on when it comes to estimating the ARV. This is one of the most important (and overlooked) topics for new investors. And that is one of the main reasons that I focus on it so much in our training's. Knowing how to make money out of deals that other people pass on is my specialty. I buy awsome deals every day from wholesalers that other investors pass on. And you want to know why? Because they are not dialed into the ARV. If you learn how to really know your comps, your market, and your ARV's, then you will see how you will make a lot more money as a real estate investor. If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

Getting Started As A Wholesaler Jan 23, 2019

On this podcast episode I talk about the systems that you need to set up to get started as a wholesaler. I talk about the benefits of having your real estate license and why this is important for marketing properties, getting lock box codes and having access to properties. Then I cover buyer and seller web sites, and why it is so important to have a motivated seller site for motivated seller leads and a cash buyer site for cash buyers. Your cash buyer site also doubles as a site where you can post your wholesale deals. If you don't have any deals then post another wholesalers deals (with their permission). Or even better - hire a virtual assistant to do it for you! I speak about call tracking and why you need to use a call tracking system so you can track your buyer and seller leads. You need to know where your leads are coming from. I also speak about phone systems and why you shouldn't use your cell phone or Google Voice for your phone number for your websites and bandit signs and direct mail. Then I talk about CRM's and why you need a CRM to keep track of all of your leads. We touch on topics like hiring lead managers, bird dogs and virtual assistants. I also talk about bidding on properties on online auction sites and setting up an offer making system (which you can train your virtual assistant to do). There is a lot of meat and potatoes in this episode. If you are new to wholesaling then make sure you have a pen and notepad to take lots of notes. If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

Borrowing Money To Fix and Flip Houses Jan 21, 2019

On this podcast episode I talk about borrowing money to fix and flip houses. I start out by explaining why you should borrow money for fix and flips, even if you have the cash to fix and flip without borrowed money. I explain the tax benefits, leverage and increased return on investment by using borrowed funds. We also talk about deal flow, and why no matter how much cash you have, you will eventually tap out if you don't tap into borrowed funds from private lenders. I breakdown a deal, showing you the typical borrowing costs for a borrower if they were borrowing money from me to do their first fix and flip and what that looks like. I also talk about why you should attend your local REIA meetings to meet and network with other investors, wholesalers, rehabbers and lenders. If you need to borrow money then go where the lenders are. And finally I talk about why the best thing you can do if you are just starting out, is to learn how to locate deals for other investors. That is what our Partnership Program is all about - teaching you how to bird dog and be a property locator for other investors and how to become a wholesaler. If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

Marketing Your Wholesale Real Estate Deals Jan 14, 2019

On this podcast episode I talk about marketing your wholesale real estate deals. The system that we employ I like to call "brute force" marketing. Since we have Virtual Assistants posting so many of our deals in so many places, they just have to get noticed by cash buyers. And that is the point since that is what makes the phone ring! And if you want to sell houses then you need buyers. I share with you the template that I use with my Virtual Assistants and the sites that we use to post our wholesale real estate deals including: Wholesale Real Estate Deals Blog Lex Real Estate System Site Investor Carrot Web Sites Wholesale Deal Sheet Craigslist Ads My House Deals Facebook Page Facebook Groups Text Blast Email Blast List on MLS Facebook Ads Phone Calls to buyers Personalized Emails Personalized Texts If you employ our system for marketing your wholesale real estate deals (which is really simple to do) you will see that your phone will start ringing with cash buyers! If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

The Easiest Way To Find Good Deals Jan 11, 2019

On this podcast episode I talk about one of the easiest ways to find good wholesale deals. Direct mail, ringless voicemail, bandit signs, making offers, bidding online and outbound dialing are all excellent ways to find good deals. But sometimes as investors we forget that there are some really good wholesale real estate deals out there that are already under contract by other wholesalers in your market. Think about it for a second. They have spent the money on marketing to find the seller. They have gone on the appointments and they have "locked up" the property. Now all they want is to sell it to a cash buyer and make a profit. You need to learn how to be that cash buyer that they want to sell to. This is an amazing opportunity since everyone wants to learn how to wholesale, and every new investor wants to be a wholesaler. But no one wants to borrow money and close on the deal themselves! That creates an opportunity for real estate investors like myself that are willing to "take a deal down". If you have the ability to close by purchasing the deal, even with borrowed money - then if the deal makes sense you should buy it. That is what I do. In order to do this you need to have only three things. The first is you need to have all of the wholesalers in your local market sending you their deals. The second thing you need to have is an efficient system to screen through these deals. The easiest way to do this is to narrow down your focus to a specific area and for you to have specific buy parameters. Those parameters can be given to wholesalers and you need to let them know that you will buy any deal that meets those parameters. When they call you, you need to be ready, willing and able to "take those deals down". If you don't then you won't be there first call on the next deal that they get. And the third thing that you need to have is a lender so that you can borrow the money to pay cash and close on the property. Ironically this is the easiest of the three parts (even though most new investors think it is the most difficult). On this podcast episode I talk about how to go about being that cash buyer that wholesalers text and call first when they get an awesome deal. And how you can benefit from this by keeping them happy. It's all about keeping them happy. What they want is a cash buyer that closes. They don't want someone to re-market their deal. They don't want you to find them a buyer. They don't want a buyer that is going to flake. They want a buyer that will close. Be that person and you will become the first cash buyer that wholesalers contact. If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

How To Find Motivated Sellers Jan 10, 2019

On this podcast episode I talk about how to find motivated sellers. On previous podcast episodes, I spoke about marketing to motivated sellers and sending direct mail. On this episode I talk about many of the motivated seller resources that are out there and lists that can be purchased or compiled. I break these down into 6 main categories Direct mail (what to mail for example postcards) Mailing Lists (who to mail to and types of lists) Cold Calling (who to call and how to get lists) Online Marketing (how to get leads online) Offline Marketing (how to get leads offline) Driving For Dollars (finding deals by driving) If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

How To Find Cash Buyers Jan 07, 2019

On this podcast episode I talk about how to find cash buyers and how to go about building your cash buyers list. On previous episodes, I spoke about the importance of marketing to motivated sellers in order find wholesale deals at discounted prices. Once you find those deals, and get them under contract, then you need to have a cash buyer in order to sell that property. Having many cash buyers is the key to being able to sell those houses that you have under contract. And the more cash buyers you have, the easier it will be to sell your deals quickly. We sell some of our deals in less than two hours because we have so many cash buyers. Knowing how to build your cash buyer's list is just as important as knowing how to find wholesale deals. If you want to be good at wholesaling you need to know how to do both very well. When you have a big list of cash buyers, you will find yourself in a situation where you have more cash buyers than deals. At this point other wholesalers will reach out to you to market their deals for them. And when you do this, you will find yourself making money relatively easily since all you need to do is copy and paste some information in your email blast and you get paid if any of your buyers like the deal. This is why networking with other wholesalers is so important. You should attend every real estate investment club meeting in your area and network with other wholesalers and investors. Many landlords and Fix and Flip Investors go to these meetings. Introduce yourself to them, make sure you have a card and start instantly building your buyers list. Listen to this podcast episode to learn how many different ways you can go about building your cash buyers list. If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

Learning How To Wholesale Jan 03, 2019

On this podcast episode I talk about learning how to wholesale real estate, and why wholesaling attracts the largest amount of new real estate investors. I share with you the importance of having a goal and a vision of thinking about, understanding, and knowing what you want to achieve from wholesaling. I also explain to you why one person's goal and how much they are looking to make from wholesaling may be very different to someone else's. It does not matter whether you have a full time job with no spare time, or you have lots of time but no money. What does matter is knowing how to employ your circumstances into trading either your time or your money (or both) into learning how to wholesale. The key thing to understand is that it will help you if you have a vision of what it is you are trying to accomplish BEFORE you get started learning how to wholesale. Ask yourself what it is that you want to achieve. Listening to this podcast episode should help you with that. If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

Buy Repair Rent Refinance Dec 31, 2018

On this podcast I talk about the Buy, Repair, Rent and Refinance strategy which is often referred to as BRRR. The concept behind the buy, repair, rent and refinance strategy is that if you can find deals at 75% or less of the After Repair Value (ARV), you can essentially be doing no money down deals because you will get your money back when you refinance. You will then be able to use that same money to buy your next property. When you refinance the property and get your money back then you are essentially in your first deal for no money down. At this point you can use the same funds to buy the second property and then repair, rent and refinance that one too. You can do this for your first ten rental properties. What makes this strategy even more appealing is when you borrow the funds from a private lender to purchase the property. Once you do this once, you will realize the only thing stopping you from buying unlimited properties is having more private lenders. When you have multiple private lenders you will get to a point where your main dilemma won't be finding capital but finding houses. And that is where your growth will happen. That is what will take you from a small business making $10,000 or $20,000 a month to a business that can make $200,000 a month (or more). The key is to constantly be marketing to motivated sellers. Many beginners think that not having access to capital is what holds them back. It's not. What is holding them back is learning how to find good wholesale deals at wholesale prices that are less than 75% of market value. And the way you find many of those deals is from motivated sellers (and also short sales and bank owned properties. If you buy a few properties a year using this strategy, you can substantially increase your income, net worth and cash flow. Buy and hold a few properties a year and in just 10 years you will have a very substantial net worth! If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

Raising Private Money Dec 28, 2018

On this podcast episode I talk about raising private money from private lenders. Many beginners that don't have much money want to know the "secret" to raising money. The reality is that there is no secret. The secret is approaching investors in the right way and knowing how to find those investors. You see if you ask people who have money to invest with you, they will invariably say no. The secret that you need to understand is that you need to focus on what THEY NEED. They need security, and they need to know that you are going to pay them their interest payment every month, and they are going to need to know that their investment is safe and that they have collateral. And finally, they are going to need to know that you know what you are doing and that you have some experience. If you can show them those 4 things then you will have no problem raising capital. If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

How To Get Started With No Money Dec 27, 2018

On this podcast episode I talk about how to get started investing in real estate with no money. If you don't have much money, but you want to learn how to get started in real estate, then listen to this podcast. I will explain to you why being a real estate property locator or bird dog is the best way to start out, and why you don't need to have any money to start looking for deals for investors. That is how I started out, and that is what I recommend for you as well. Even if you do have money, I still recommend that you start out as a property locator and learn how to wholesale, before you start putting your hard earned cash (and credit) on the line. If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

Purchasing From Wholesalers Dec 26, 2018

On this podcast episode I talk about buying deals directly from wholesalers, and how that is an untapped niche that many investors don't utilize. Much of the focus for new and experienced wholesalers focuses on finding deals, getting the houses under contract and then flipping those houses to cash buyers. However, just because you are a wholesaler, doesn't mean you can't be a cash buyer too. The key is to know what a property is worth. If you know the After Repair Value of the property, and you know for a fact that there is a substantial profit that could be made by rehabbing that property, then you can close on the house yourself and fix and flip the property. All you would need to do this is access to capital, a private lender or a credit line. Even if you have zero desire to be a rehabber (like many wholesalers) you will not give away your best deals too cheaply if you know what they are worth and you know what you could sell them for. Knowing the ARV is very important. You can also apply this same strategy to close on deals from other wholesalers. The key is that you need to position yourself to be the ideal cash buyer. The way you do this is by being very specific on what it is that you are looking for, and when they bring you a deal that meets these parameters then close on the deal and make sure they get paid. Next time they get a deal you will be their first phone call. If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

Getting Started in Real Estate Dec 21, 2018

On this podcast episode I talk about getting started in real estate and the three main investing categories of real estate which are wholesaling, fixing and flipping and rentals. When you first start out in real estate, you need to decide if you want to focus on learning how to wholesale, how to fix and flip or how to buy and hold rental properties long term. It is tempting to want to learn all three investing strategies at the same time, but this is a classic beginner's mistake because each strategy requires a different and unique skill set. You will actually advance more quickly as a new investor if you focus on one skill set as a time (for example wholesaling). For most new investors, wholesaling and learning how to locate deals for other investors is the best way to start out because it gives you the most learning and requires the least amount of money. You don't risk any money wholesaling and if you are a beginner this is a very key and important consideration. If you have a good job and decent credit then you should be looking at building up your rental portfolio as well. And you should take the profits that you make from wholesaling and put that money to work in fixing and flipping and buying more rental properties. So you can learn how to do all three but I know many investors that make 7 figures a year that only wholesale or only fix and flip (meaning you don't have to know all three). But whether you fix and flip or wholesale for a living you should still be buying investment properties for the long term since that is how you will create true wealth for your future. And that is what will give you financial freedom. I discuss all three strategies and the pro's and cons of each strategy on this podcast. If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

Contracts For Wholesaling Dec 20, 2018

On this podcast episode I talk about the types of contracts you should use for wholesaling. One of the most common questions that I get is "what type of contract should I use". The answer is it depends. If you are buying from an entity like a bank or short sale, HUD, Fannie Mae, Freddie Mac, then you will need to use the Standard Purchase Contract for your state. In Florida it's called the FARBAR Contract. Banks and entities will also not allow you to assign their contracts so you cannot use the words "and or assigns" on a contract if one of these entities is the seller. However if you are buying directly from a motivated seller then you can pretty much use any contract that you want. When buying direct from sellers your contract should be: 1. short 2. assignable 3. have as long of an inspection period that you can get away with - the longer the better. FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

Buying Houses With No Money Down Dec 08, 2018

On this podcast episode I talk about buying houses with no money down. One of the easiest ways that I know to explain "no money down" deals is to give you a real life example of my first no money down house that I purchased. The house that I am talking about on today's podcast was a house that I estimated had an After Repair Value (ARV) of $120,000. The house was offered to me by my mentor (who got it from a wholesaler). The purchase price was $50,000 which included all of the wholesalers fees. The house had a significant amount of water damage from Hurricane Frances and needed around $25,000 in repairs. I purchased this house with a $50,000 loan from my mentor's partners dad. I borrowed the $25,000 for repairs from my friend Darryl's mom. After repairing this house (using my mentor's crew) I rented out the front house for $1,200 and I rented the back unit efficiency for $600 (total $1,800 per month). I went to my mortgage broker Warren to refinance the house. The house appraised for $163,000 and after paying off my lenders I received $39,000 on the cash out refinance. I used that money as a down payment to purchase my primary residence in Boca Raton (I still own that house). Remember this, if you can buy houses and your "all in cost" (purchase plus repairs plus fees) is less than 80% of what the house would appraise for, then you too can buy houses with no money down. The trick is - how to find these houses. My Home Study Course that I give to all of my Partnership Program Students starts out with the first 10 houses that I purchased (all with no money down). This house that I am talking about on today's podcast is house number one in my Home Study Course. If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

Driving For Dollars Dec 06, 2018

On this podcast episode I talk about driving for dollars and how driving for dollars has one of the highest Return on Investment (ROI) of any of our marketing methods that we use. I discuss the old school method of using a notepad and pen to jot down the addresses of vacant and boarded up properties and how to use the property appraiser web site to locate the property owner (to mail them a postcard or letter). I compare that to the new technology methods of using smart phone apps like Deal Machine (www.dealmachine.com) and Send Fuse (www.getsendfuse.com) to market with postcards to motivated sellers. If you are not driving for dollars and using these apps then you should be. I also discuss your "investor toolkit" and what tools you should have in the trunk of your car when you are out looking for deals by driving for dollars (including bandit signs). Incorporate driving for dollars and utilize bird dogs by giving them access to your apps to make sure you are maximizing your opportunity to find wholesale deals in your market. Make sure you listen to the previous podcast episode that I did yesterday on becoming a bird dog (property locator). If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

Starting Out As A Property Locator (Bird Dog) Dec 04, 2018

On this podcast episode I talk about how to get started as a property locator or bird dog for other real estate investors. I share my story of how I got started as a bird dog working for my mentor Ben, and why being a property locator for another real estate investor is one of the best ways to learn about investing in real estate. Learning how to find and evaluate deals is the most important piece of the real estate business. And it is the one piece that eludes most new real estate investors since they never put the time into learning how to do this. If you can find good wholesale deals then you can wholesale these houses to other investors, you can fix and flip these houses, or you can keep them as rental properties. The most important thing is learning how to find good wholesale deals at wholesale prices. And one of the best ways to learn this is by being a bird dog or property locator for another real estate investor. That way you risk their money and not yours. And you don't need to risk your cash (or your credit) while you learn. That is why we call our Home Study Course "Millions in Real Estate With No Cash and No Credit" since the goal is to buy real estate with other people's money without risking your cash or your credit. Our bird dog training program (Partnership Program) trains hundreds of new investors every year and we have trained over 3,000 new real estate investors how to become property locators at our Wholesaling Real Estate Boot Camp which is held twice a year in South Florida. We also hold a Fixing and Flipping Houses Boot Camp twice a year in South Florida. Once you know how to find and evaluate deals, selling the houses is easy. The only thing stopping you from being a full time wholesaler once you know how to locate deals is having a cash buyers list (which you should be building from day one). If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

How To Be Financially Free Dec 03, 2018

On this podcast episode I talk about financial freedom and how to structure your life in a way that you can slowly move towards being financially free. Financial freedom means having the time and financial resources to be able to do what you want and whenever you want to do it. That means by definition that you will not achieve financial freedom by working hard at your job. You will achieve financial freedom by learning how to invest in real estate. And one of the easiest ways to do this is by buying rental properties at 80% or less of their fair market value since you are effectively buying these properties with no money down. If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

You Don't Know What You Don't Know Nov 16, 2018

On this podcast episode I talk about how you don't know what you don't know. If you are new to real estate investing or if you are just starting out, and trying to learn how to wholesale real estate and flip houses then it is important for you to know what you don't know. If you don't, you will tend to jump to conclusions based on your existing knowledge (which is very limited). This will cause you to make the wrong decisions. Making the wrong decisions when it comes to your income and your net worth can be the difference between being broke or having a life of financial freedom. How you deal with money and the financial decisions that you make will have the biggest impact on your net worth and income. Make sure you invest in your education and learn what you don't know so that you can make the right financial decisions. I use some real life examples of two houses that I purchased yesterday. One is a deal that was brought to me by a wholesaler which we had been marketing for around a week which I purchased for $85,000. The house is worth around $130,000. The other deal was a house that a student of mine was going to buy as a fix and flip - and the student got cold feet and became worried that there was not enough of a profit potential on the spread between the purchase and sale price. I decided to buy that house too. Remember that there are multiple exit strategies for real estate. You can wholesale, you can fix and flip or you can buy and hold a property as a long term rental. But whatever you do, make sure you don't pass up on opportunities when you see them. You make your money when you buy. And if you get an opportunity to buy a property for $85,000 when the lowest listing in that same town is $120,000 then don't think too much - just say yes. The house that the student passed on was a $100,000 house in a market where the cheapest listing on the MLS in that town is $125,000. This student let fear get in the way of rational decision making. Like I said above, if you get an opportunity to buy a property for $100,000 when the lowest listing in that same town is $125,000 then don't think too much - just say yes. You could close on the property and do NOTHING to it other than list it on the MLS and you could sell it and make $15,000. You cannot afford to walk away from good deals with equity since these deals are so hard to come by. Wholesalers spend thousands of dollars marketing to find good wholesale deals. When you are lucky enough to stumble across one, it is important for you to realize what you have. If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

How To Build Your Cash Buyers List Nov 15, 2018

On this podcast episode I talk about how to build your cash buyers list. If you are wholesaling, you need cash buyers to buy your wholesale deals, and you need to know how to find these cash buyers. That's where learning how to build your cash buyer's list becomes crucial. Topics that I cover on this podcast episode about building your cash buyers list include: Websites Lead Capture Pages Syndicating Your Deals Craigslist Screening Your Buyers Pay Per Click Search Engine Optimization Landlords Finding Cash Buyers Online Finding Cash Buyers Offline Real Estate Investment Clubs If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

How To Complete a Purchase Contract Nov 08, 2018

On this podcast episode I talk about how to complete a purchase contract. You will need to have a standard purchase and sale agreement in order to be able to purchase houses. If you have sent out postcards, made an appointment with the seller and gone on the appointment then the next step is to agree on a price. If you and the seller have agreed on a price, then your next step is to have them sign a purchase contract and sales contract. You can use any standard purchase and sale agreement for your State. You can Google the search term "Purchase and Sale Agreement" and you can also purchase them online from legal web sites or you could have your attorney prepare one for you. The 14 main variables that are components of this contract are: 1. contract date 2. name of seller 3. name of buyer 4. address of property 5. legal description 6. property ID 7. purchase price 8. deposit 9. balance to close 10. closing date 11. Title company (or attorney) 12. Inspection period 13. date signed 14. signature Some of the above variables can be prefilled in a contract template that you have. For example, buyers name, title company, # of days inspection and deposit amount could all be the same. The most important are the # of days inspection (inspection period), the closing date and the amount of deposit. Disclaimer: this is not meant to be taken as legal advice. Please consult with your attorney in your State as to which purchase contract will work best for you. Tip: go to real estate investment club meetings in your area and network with other investors and wholesalers and ask them what contract they are using. If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

Motivated Sellers and Why They Sell Nov 06, 2018

On this podcast episode I am talking about motivated sellers and why they sell their house at a discount to market value. Motivated sellers are willing to exchange price for convenience, meaning that they would rather just sell and have the cash in hand now, than wait for a few months to see if they can get a higher price by selling with a realtor. Why would someone be willing to sell their house for less than full market value? There could be many answers. They may not know what full market value is. Their house could be damaged and they may not be able to live in the house. Or they may have inherited the property from their parents and live in another State and may need to get cash fast to pay off bills or other obligations. Or they may be in foreclosure and are about to lose their home and want to save their credit. There could be many reasons why someone is motivated to sell. This is why we call them motivated sellers. Remember this one thing: If you want to wholesale, or fix and flip or buy rentals at a discount to market value then only buy houses from people that HAVE to sell, not from people that WANT to sell. I learned that from my mentor. On this episode I talk about a house that I am purchasing and closing on today from a seller that absolutely needs to move to another State. This seller is purchasing a house in the new State and needs the proceeds from this sale in order to close on the purchase of the other house. This seller was willing to trade price (take less) for the convenience of a quick cash closing. That is the essence of buying from motivated sellers. And we delivered by buying their house. We stuck to our guns on what we were willing to pay. They could have said no. But they said yes. They got what they wanted (cash in hand fast). And we got what we wanted (a rental property at a discount). If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

Turn Key Section 8 Rentals Nov 05, 2018

On this podcast episode I talk about turn key section 8 rental properties. I walk you through a case study of a rental property that we currently have listed on the MLS for sale for $60,000 to show you the numbers and the returns that are possible by investing in turn key section 8 rentals. In this case study the property can be purchased for $60,000 and would only require a down payment of $12,000 to purchase. After closing costs, the initial cash investment would be only $13,000 and the property would be managed and turn key (meaning you as an investor would not need to do anything). The Gross Annual Rental Income on this property is $8,400 and after factoring in mortgage payments property taxes, insurance, repairs, vacancy and property management this property would return $2,252 on the investment of $13,000 which is a 17.3% return. I have all of the numbers and the breakdown at this link: http://www.lexlevinrad.com/section8 If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

Financial Freedom with Real Estate Nov 01, 2018

On this podcast episode I talk about financial freedom and how real estate can help you achieve financial freedom. I also discuss why financial freedom is so difficult for most people. It starts with how we are raised, when our parents tell us to go to school, get good grades, and get a good job. And we listen to them. Fast forward twenty years, and you may find yourself feeling overworked, underpaid and at a job that you can't stand. Even worse, if you are like most Americans, you can't quit your job because you have bills to pay, credit card debt and almost no savings. You have fixed expenses that won't go away. Does this sound familiar? You need that job in order to pay those bills so you feel stuck. You are in what Robert Kiyosaki calls the "rat race" in his book "Rich Dad Poor Dad" (which you should read). So the first step towards financial freedom is to understand that your focus should be on INCREASING YOUR INCOME, not on decreasing your expenses. Focus your energy (and time) on increasing your income not clipping coupons or trading your time for money. When you start increasing your income and you make more money then you should make sure that you don't increase your spending by increasing your life style. Instead you should be saving this money in order to build up bucket # 2 which is the savings bucket. By building up this bucket, you will be able to move into bucket #3 which is the investment bucket. And the investment bucket is what will help you to increase your income and increase your net worth. When you increase your income and you increase your net worth, you move one step closer towards financial freedom. That is why I tell my students you are just one flip away from financial freedom. When the day comes that you make enough money from flipping houses that you can quit your job then you are truly free. The question is how attainable is that? The answer is very attainable. There are over 100,000 people that make $500,000 or more per year from investing in real estate in the U.S that are sole proprietors who have business with no employees. Obviously there are many more companies that invest in real estate that have many employees (like my company). When you add those numbers up there are hundreds of thousands of people in the U.S who made their income this year from flipping houses. You could be one of those people! So set that as a goal and then ask yourself this questions: What am I doing today, to create a life of financial freedom for myself tomorrow. Here is a tip: Watch less TV and listen to podcasts not music when you commute to work. Spend more time reading and learning and listening to podcasts. Listen to everything you can and learn something new every day. If you do this for 90 days, your life will begin to change. If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

Flipping Your First House Part 4 - Mailing Lists Oct 30, 2018

This is the fourth and final podcast episode in the "Flipping Your First House" Podcast Series. If you have not already done so, please listen to Flipping Your First House Parts 1 through 3 before you listen to this podcast episode. On the previous podcast episode (Flipping Your First House Part 3) I spoke about the types of mail pieces that you can use to mail out which were: 1. White Letters 2. Yellow Letters 3. Postcards On this podcast episode I am talking about mailing lists, types of mailing lists and how to obtain mailing lists. You need to have a list of homeowners in order to be able to implement direct mail. The first part of the direct mail process is to create a list. On this podcast episode I talk about the types of lists that you can get by using sites like: http://www.listsource.com and http://www.listability.com You can create lists of absentee homeowners, probate, tax delinquent, code enforcement violations, evictions foreclosures etc. Some of these lists can be created by registering with the sites above but some lists need to be created by obtaining the list directly from your County Court House or County Property Appraiser Web Site. You can also obtain specialized lists from different sources for example we get our probate and tax delinquent list from http://www.rebogateway.com and we get our inherited list from http://www.usleadlist.com. There are many sources of direct mail and we pay top dollar for customized mail lists and for list stacking of different lists where the homeowner may have multiple pain points. For example absentee homeowners that live out of state and that are also delinquent on their property taxes would be an example of a homeowner with multiple pain points. In our experience, the most motivated sellers have multiple pain points and really need to sell fast. Once you download your list into a spreadsheet format (CSV), you can email that spreadsheet file to your mail house, and the mail house can print and mail your mail piece (postcards or yellow letters or white letters). If you want to learn how to put together a direct mail campaign, and the components of a direct mail campaign, then watch the video that I put together for you that explains the process at: http://www.lexlevinrad.com/directmail If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

Flipping Your First House Part Three Oct 26, 2018

This is the third podcast episode in the "Flipping Your First House" Series. Please make sure that you listen to the "Flipping Your First House" Parts 1 and 2 podcast episodes BEFORE you listen to this episode (which is part 3). On the previous two podcast episodes I spoke about direct mail and marketing to motivated sellers. I discussed action steps to get started and how to incorporate a direct mail campaign into your real estate marketing. I also spoke about your marketing budget, tracking your performance, call tracking and key performance indicators (KPI's) you should be keeping track of. On this podcast episode I am talking about the types of direct mail that you can mail out to motivated sellers. I break this down into three major categories: 1. White Letters 2. Yellow Letters 3. Postcards I speak about the pros and cons of each method including the mailing costs associated with each method and the results. Direct mail works. Don't let anyone tell you that it doesn't. I can tell you for a fact that the largest house buyers in the country all have massive direct mail campaigns. As a new real estate investor it is important for you to understand that the most important thing for you to do as a new investor is to start taking action steps instead of thinking about taking action steps. Don't get caught in paralysis analysis. Start taking action steps that will create revenue for you in the near or immediate future. Once you start making money, then you can start scaling. Remember the ultimate goal is financial freedom. And in order to have financial freedom you need to be making money (and lots of it). Direct mail is a great action step to take if you are looking to get started in real estate. Here is the link that was mentioned in this podcast: https://www.lexlevinrad.com/yellowletter/ If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

Flipping Your First House Part Two Oct 25, 2018

Flipping Your First House Part Two On this podcast episode I talk about direct mail marketing to motivated sellers. Make sure you listen to the previous podcast (Flipping Your First House - How To Get Started) before you listen to this one, since it follows up on the previous episode. On this podcast I drill down into the details of direct mail results and what the typical results would look like from mailing to a list of 8,000 absentee owners over a period of 8 weeks (mailing 1,000 postcards a week). I broke down the mailing costs and showed a real example of mailing $500 a week for 4 weeks and spending $2,000 before my student got a house that he flipped for a profit of $12,000. I talk about getting out of the trading your time for a paycheck mindset and how the key to generating motivated seller leads is to be marketing. You cannot afford to skip this step - especially if you have a full time job. I also speak about scripts, talking to motivated sellers and knowing what to say. The ultimate goal is to go on an appointment with a motivated seller and to get their house under contract. Once you have a house under contract you have a property to flip. I discuss typical response rates and how on average you will only get 2 seller appointments for every 1,000 postcards mailed. That is why you need to make sure every seller appointment counts. Make sure before you go on a seller appointment you know: 1. the ARV and comparable sales 2. the repair estimate and how much it will cost 3. how much to offer in order to make a profit I also offered a script for you to download which you can get when you attend my webinar on wholesaling webinar (the link is below) If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

Flipping Your First House - How To Get Started Oct 06, 2018

On this podcast episode, I talk about the action steps that you would need to take in order to flip your first house. I start out by introducing wholesaling and talking about assignments of contract compared to double closings and the pros and cons of each method. I also talk about the difference between wholesaling and flipping versus fixing and flipping and the difference between wholesaling and "wholetailing". Finally I talk about the action steps that you would need to take to move closer towards your goal of flipping your first house. I use an example of mailing out postcards to a list of absentee homeowners, and discuss the type of list, postage costs and returns on investment. I also talk about why so many beginners quit because they have a mindset of trading their time for a paycheck. Enjoy the podcast! If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

Investing in Section 8 Rental Properties Oct 01, 2018

On this podcast episode, I talk about investing in section 8 rental properties. Section 8 is a government backed housing program which offers rental assistance for low income families. There are a lot of myths and stigmas associated with investing in section 8 rental properties. A question I am often asked by investors is which properties are eligible for section 8? The answer is that almost ANY property can be a section 8 rental since section 8 is determined by the tenant NOT by the property. As long as the tenant qualifies for housing assistance and they can find a landlord willing to rent to a section 8 tenant then that property can be a section 8 rental. In order to qualify for section 8, tenants have to apply with their local Housing Authority. In most cities there is a backlog of tenants looking for housing and only a limited number of vouchers are released each year (based on need). Tenants have to show that their annual income is below a certain level and this amount is adjusted depending on many factors such as their income, how many children they have etc. If they apply for section 8 and are approved, then they are eligible to receive a housing voucher. Their housing voucher may pay all of their rent or only part of their rent. The rent is paid to the owner of the property via direct deposit (or check). The section 8 tenant receives their voucher and is given a certain period of time (typically 45 days) to find a rental property. There are NOT many section 8 properties available and there are many more tenants than there are houses. There is a very high demand for section 8 properties which makes these properties very easy to rent for landlords. The annual rent is determined by the Housing and Urban Development of the U.S. Government (HUD). Each city has their own housing authority. And each housing authority assists tenants (and landlords) in matching up rental properties with tenants. Landlords can advertise their properties for rent at their local housing authority. They can also post these properties for rent on the section 8 web site. In order for you to see the types of returns that are possible as an investor here is an example below of a current turn key rental property for sale: https://www.lexlevinrad.com/rentalproperties/ If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

Private Lenders and Hard Money Loans Sep 27, 2018

On this podcast episode I talk about private lenders and hard money loans. If you want to fix and flip properties, there is a good chance that you will need a loan from a private lender or a hard money lender. Hard Money Loans are meant to be short term bridge loans and because they have high interest rates, they are NOT meant to be a long term financing option. For this reason, most hard money loans are short term interest only loans for a period of 1 year. I discuss using hard money loans and borrowed money from private lenders, and why this is the perfect instrument for fixing and flipping houses. When you use borrowed money to finance the purchase of a fix and flip your goal is to buy, borrow, fix and flip the house within 6 months or less. Private lenders and hard money loans are a very useful tool for rehabbers that fix and flip houses for a living. Every professional rehabber that I know (including myself) uses borrowed money to finance their fix and flips. The reason is that borrowing money will allow you to do more flips, will increase your leverage and will also increase your returns. If you are just getting started out as an investor then I recommend you start out by learning how to wholesale and find wholesale deals before you dive into a fix and flip (especially with borrowed money). Enjoy the podcast. If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

Wholesaling Real Estate Part 4 Sep 25, 2018

This podcast episode follows up on the Wholesaling Real Estate Podcasts Parts 1, 2 and 3. Please make sure you listen to those 3 episodes before listening to this podcast. On the previous podcast I spoke about making your first offer, knowing how much to offer, and how your exit strategy is important when determining your offer price. On this podcast episode I talk about constructing and submitting your offer. Remember that submitting your offer assumes that you know what the After Repair Value is, and how much it will cost to repair the house. You cannot determine an offer price if you don't know the ARV and what it would cost to fix the house (repair estimate). On this episode, I talk about the type of purchase contract you should use and why you want to use a "wholesaling contract" for direct to seller purchases and a standard contract for bank owned properties. I also talk about inspection periods, deposits, cancelling your contract and how important those numbers can be if it comes to wanting to cancel your contract. There is a lot of meat and potatoes on this podcast episode for new wholesalers. Enjoy the podcast If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

Wholesaling Real Estate Part Three Sep 24, 2018

This is part three of the How To Get Started Wholesaling Real Estate Series. Please make sure you listen to Wholesaling Real Estate Part One and Part Two before you listen to this episode since this podcast builds up on the information contained in the previous two podcast episodes. On episode one, we spoke about how you need to have a property to flip, a cash investor to flip the house to, and the money to fund the deal. On episode two, we spoke about After Repair Value, Estimating what the property is worth, comparable sales and repair estimates. On this episode I talk about making your first offer, submitting bids, knowing how much to offer, exit strategies and why you should get your real estate license. If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

Wholesaling Real Estate Part 2 Sep 22, 2018

On the previous podcast episode (Wholesaling Real Estate Part 1) I spoke about the three things that you need in order to wholesale a property which were: 1. having a property to flip 2. having a cash buyer to flip the house to 3. having the money to fund the flip On this podcast episode (part 2) I am following up on part 1 and digging deeper into the first item in the list above which is learning how to find a property and evaluate a property in order to have a house to flip to another investor. This is the essence of wholesaling. You can have the best web site and tons of leads but if you don't know how to evaluate what a property is worth and how much you can flip it for then you will be constantly facing an uphill battle. In my opinion this is what happens to the majority of new wholesalers who focus on lead generation and websites before understanding the basic fundamentals. In order to flip a property to a cash investor, you will need to know what the house is worth retail, completely fixed up for sale to an end buyer. We call this After Repair Value or ARV. In order to establish ARV you need to have access to and know how to interpret the comparable sales. And then finally you would need to know what it would cost to fix the house up (this is called the repair estimate). To summarize, in order to make offers on properties you need to know: 1. After Repair Value (ARV) 2. Comparable Sales 3. Repair Estimates It is much more difficult to flip houses when you don't know what it would cost to repair the house or have an accurate ARV. You need this information in order to be able to talk intelligently with other wholesalers and cash investors that are looking for wholesale deals. I always tell new investors that want to learn how to wholesale to focus on action steps that put money in their bank account. If you can learn how to identify a wholesale deal then the money will follow since finding cash buyers or the money to fund your flips is not the difficult part. The part that is most challenging for beginners to wholesaling is learning how to identify great deals, knowing which properties to make offers on and how much to offer. Enjoy the podcast If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

How To Get Started Wholesaling Part 1 Sep 18, 2018

On this podcast episode I discuss how to get started wholesaling real estate. This is part one which is basically an introduction to wholesaling. I talk about the 3 main components of wholesaling which are: 1. Finding Houses To Flip To Investors 2. Finding Cash Buyers To Buy These Houses 3. Finding The Money To Fund These Flips The above 3 items are the essence of the foundation of wholesaling real estate. I find that far too many beginners that are new to wholesaling, spend way too much time focusing on things that don't make them any money. For example: setting up their business, opening LLC's, setting up checking accounts, creating web sites and business cards, mailing postcards, setting up CRM's and phone systems etc. While you will need all of the above in order to be a full time real estate investor, if you are a beginner, spending money without making money is a recipe for disaster. The number one most important criteria for a business to succeed is cash flow. If you spend 6 months or a year and have only expenses going out and no income coming in then you will constantly be losing money and will probably quit at some point. And that is exactly what 95% (or more) of new investors do. And that makes it easier for the seasoned investors that stick around to scoop up all of the deals. Have you ever wondered why there are only a handful of wholesalers making most of the money in each market? It's because the ones that stay start making a lot of money and the more they make the more they can spend on marketing, advertising and lead generation. What I want you to spend your first few months focusing on, is how to find houses and how to evaluate what these houses are worth. If you can do this well, then there are many cash investors (like me) that would be very happy to buy these houses from you for a fee. I used the example in the podcast of if you could find houses at 50 cents on the dollar and sell them to me at 60 cents on the dollar I would buy every house you showed me. The trick is finding those houses - not finding the cash or the cash buyer. There is no shortage of cash and there is no shortage of cash buyers. What everyone is looking for is a great wholesale deal. So focus on learning how to find deals. Once you find deals and flip them to cash investors you will start making money. When you start making a profit, you can deploy some of that profit into setting up web sites, marketing, advertising and lead generation. And then you too will be one of the contenders in your market. Your biggest challenge is not quitting before that happens. And the easiest way to make sure you don't quit is by focusing on profit first. Focus on making some money flipping a house and the rest will fall into place. The foundation of wholesaling (and real estate) is learning how to find a good deal, and knowing how to evaluate what you should be offering on that deal. If you know how to do this then you can be making offers all day. And the more offers you make, the more deals you will get. The more deals you get, the more deals you will wholesale. Enjoy the podcast.

Turn Key Rental Properties in Florida Sep 17, 2018

We have a lot of questions coming in asking about rental properties and turn key rental properties. Today's podcast episode talks about Turn Key Rental properties in Florida. On this episode I discuss a typical turn key rental property that we sell to our investors with property management included. The example that I used on this podcast is a 3 bedroom 2 bathroom house in Port St Lucie, Florida. This house can be purchased for $175,000 and would rent for $1,350 per month. At this price assuming a 20% down mortgage and an interest rate of 5.25 percent, the annual total return on investment would be a little over 10%. This includes cash flow, tax savings and principal pay down. If you would like to see pictures of this property you can them on my web site at: https://www.lexlevinrad.com/turnkeyrentalproperty

Buying Rental Properties With No Money Down Sep 13, 2018

On this podcast episode I talk about buying rental properties with no money down. No money down real estate investing is one of the most overlooked and misunderstood aspects of investing in real estate. I have had real estate agents and mortgage brokers tell me that it is impossible to buy real estate with no money down. Even my own mortgage broker who refinanced my rental properties could not quite grasp the concept of what I was doing. But the topic is incredibly simple. If you find a wholesale deal at a huge discount to ARV, for example a $100,000 ARV house that can be purchased for $50,000 then you will be able to buy the house with no money down. Most people get confused and think no money down means no money down. What it really means is none of YOUR money down. In the example on this podcast we talk about how you would need around $37,000 in cash to buy and repair this house with a hard money loan, but after refinancing, you would get back that same $37,000. So effectively, none of your cash would be in the deal (after you refinanced). But yet you would own the rental property, and have $20,000 of equity in that rental property. After you get your $37,000 in cash back, you could use the same $37,000 to buy rental property number 2. You could keep doing this until you owned 10 rental properties which is the current Fannie Mae limit. After 10 properties you would need to get creative and start using LLC's or other entities to purchase. The first 10 houses is actually the easiest. The key is to understand that you have to buy the property at a deep discount to ARV. That is the part that is most challenging for new real estate investors to understand. It is also the most important concept that I recommend that you learn first before you start diving into mailers, web sites and other things. That is why I focus on teaching this at the Wholesaling Real Estate Boot Camp. The reason I say this is the most important thing is because if you can find deals at huge discounts, you will make a lot of money. You can wholesale them, fix and flip them, or fix and rent them. Everything is predicated on being able to find good deals at huge discounts to market value. Learn that first. It would be helpful for you to have a notepad and pen in order to follow the examples in this podcast. When I do this exercise at my boot camp, it usually takes the students around 30 minutes of explaining it a few times for them to really understand the concept Once you understand this concept, then you will realize that you really are just one deal away from financial freedom. Why? Because if the only thing stopping you is that $37,000 then one flip could make you that $37,000. Or 1 or 2 wholesale flips could make you that money. Once you have the experience of a few fix and flips, or buy, fix and rents under your belt you will find it relatively easy to find private lenders that will lend you money at 10% interest. Many of these lenders will be okay with lending you 100% of the rehab money as well. In fact even institutional lenders lend 100% of the repair money. So all you really need to get started is 10% down. And that one great deal! So focus your energy on learning how to find that great deal. It is the first step towards your financial freedom. Enjoy the podcast!

Wholesaling, Fixing and Flipping or Landlording Sep 11, 2018

On this podcast episode I talk about the pros and cons of Wholesaling, compared to Fixing and Flipping and Landlording. If you are a beginner then wholesaling is the easiest and best place to start out since it involves very little money, does not require credit and has no risk. Fixing and Flipping requires more money, borrowing hard money and has much more risk but also much higher profit potential. And buying rental properties provides you with passive income and positive cash flow - but you have to deal with tenants. Listen to this podcast to find out the pros and cons of wholesaling, fixing and flipping and landlording. If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate and flipping houses training at this link below: https://www.lexlevinrad.com/webinar If you want to learn how to fix and flip I have a fixing and flipping training at this link: https://www.lexlevinrad.com/fixandflipwebinar PLEASE SHARE AND LIKE THIS VIDEO DON'T FORGET TO SUBSCRIBE TO MY PODCAST CONNECT WITH ME ONLINE: http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING HOUSES Download my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

Flipping Your First House Sep 10, 2018

On this podcast episode, I talk about how new real estate investors have a tendency to focus on the wrong things. Many real estate programs tell new investors to start out by setting up their LLC's, opening checking accounts and setting up their website and business cards. As a new real estate investor, the only thing you should be focusing on is making money. The most important thing as a new real estate investor is to focus on action steps that will make you money. Any items that will not make money should not be your focus since the longer it takes you to make money the more likely you are going to want to quit. When you wholesale your first house and deposit that check in your bank account is when you realize that this business of wholesaling is real. Until that moment of making money, it is all theoretical. It is something that other people are doing. It is something you heard at a seminar or on a podcast. But when that check gets deposited into your bank account. When you can pay down your credit card debt, then that is when you realize how real it is. Once you make money flipping your first house, after you deposit that check is when you begin to realize how you can replicate the action steps that you took to make money. At that point, all you have to do is do the same action steps over and over again. And when you come to that realization, and you start making real money, then it won't be too long before you start thinking about quitting your job and focusing on real estate full time. The key point is to focus on action steps that will make you money. Enjoy the podcast!

Buying Real Estate With Private Lender's Money Sep 06, 2018

On this podcast episode, I discuss buying real estate with other people's money and how you should be using private lender's to fund your real estate deals. I give you examples, including the first house that I purchased with no money down, and how that deal was structured. We discuss the advantages of borrowed money and why the leverage of tapping into other people's money is crucial to increasing your returns. Make sure you take note of the advice that I give at the end of the podcast of what to say when you are sitting down with a potential private lender. Enjoy the podcast

Bidding on Online Real Estate Auction Sites Aug 18, 2018

On this podcast episode I discuss bidding on online auction sites like Hubzu, Auction and Xome. Online auction sites that list bank owned properties (REO's), and short sales are an excellent resource to find good deals at wholesale prices. Many of these deals have enough profit potential for you to be able to wholesale the property to rehabbers or fix and flip the property yourself. For example, I recently posted a video of myself standing in front of a house with a Hubzu sign. That house was purchased by a wholesaler and flipped to me (for a $10,000 profit to the wholesaler). I then fixed the house (which cost $25,000) and sold it a few days ago for $175,000 and netted a profit of $34,000. (See tomorrow's episode of the checks and HUD's from this deal). So there was $44,000 of total profit in this deal. And it was on a free online auction site that you or anyone else could have bid on!. Before you bid on online real estate auction sites, make sure you know how they work. They are all different and have different bidding requirements. For example presently Hubzu does not require a credit card to register (but they did 6 months ago). Auction and Xome both require a credit card. This difference is huge because what it means is that if you bid on a property on Xome or Auction, your credit card gets charged for $2,500. Another issue on some of these sites is that they are feeding retail MLS listings into their sites (which are not wholesale deals). And watch out for the foreclosure trustee sales. These are not REO's owned by the bank. They are properties being sold at the county court houses and you should not bid on these if you don't have an attorney or title company running lien and title searches for you. Listen to this podcast episode to learn more about bidding on online auction sites. If you are brand new to real estate and want to learn more about how to fix and flip houses then please register for the free fixing and flipping houses training at this link: https://www.lexlevinrad.com/fixandflipwebinar For more information about the Fixing and Flipping Houses Boot Camp please visit this link: https://www.lexlevinrad.com/fixing-and-flipping-boot-camp/ DON'T FORGET TO SUBSCRIBE CONNECT WITH ME ONLINE: http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK Download a free copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

Estimating The Cost Of Repairs - Fixing and Flipping Houses Aug 12, 2018

One of the biggest challenges for new investors who are looking to get into fixing and flipping houses, is the fear of not having a good contractor to do the work for them. I have seen this fear stop investors dead in their tracks, even when they have a good house, and the money lined up to buy the house. The fear of not knowing a contractor that will do the work or how much it will cost will prevent many new investors from pulling the trigger and moving forward on the deal. Don't let this fear of paralysis analysis stop you from doing your first fix and flip. The best way to overcome fear is with education and knowledge. Start out today by learning the basics of estimating the material costs by taking a visit to your nearest Home Depot or Loews Store. Allow yourself around 2 hours for this exercise and make sure you take your notepad and a calculator. Go through each aisle and take note of the material components that you will use for each room in the house. Write down the costs of flooring, cabinets, faucets, counter tops, toilets, vanities etc and go through the store aisle by aisle to make sure you don't miss anything. Make sure you take pictures of all of the items with your smartphone. Save all of your notes into Dropbox or Evernote or Google Drive or somewhere where you can easily access the information in the future. Once you understand the cost of each component of your materials costs you will be able to add up all of your materials and have a good understanding of the total cost of your materials. Knowing the cost of the materials is 90% of the battle because once you know the cost of materials, you know how much you are being charged for labor when you get an estimate. Your job, is to shop that labor estimate! You can download a copy of our "Repair Estimate Cheat Sheet" at this link: https://www.lexlevinrad.com/estimating-the-cost-of-repairs-for-fixing-and-flipping-houses/

Understanding the ARV, and Retail & Wholesale Prices Aug 11, 2018

On this podcast episode I discuss the importance of understanding full retail value when calculating the After Repair Value. As an investor it is very important for you to understand what a house would sell for once it has been fixed up. In order to know this, you need to understand the difference between full retail price on a property that has been completely remodeled with granite counter tops, nice cabinets and stainless steel appliances versus a house that is at retail price in great condition but occupied by the owners and that has not been remodeled. The difficulty for new investors is understanding how much to offer on a house that is in less than perfect condition. For example, a house that has not been renovated in 20 years and has a tenant living in the house. How much should you offer on that house? Listen to today's episode to learn how buying the exact same house can have different exit strategies for different investors depending on whether they are planning on keeping the property as a rental property or fixing and flipping the property for a profit.

Finding Real Estate Deals By Driving For Dollars Aug 10, 2018

One of the best ways to locate real estate deals is by something called “driving for dollars”. Many of your competitors may be mailing post cards and yellow letters, or paying for expensive pay per click campaigns on Google or buying Facebook Ads. Some of your competitors may even be using automated dialers to cold call expired listings, for sale by owners or targeted lists that they have acquired. Those approaches all work great (and we use them all). But let me ask you a question. How many of your competitors are actually getting into their car and driving around looking for deals? The answer is not many! How do I know this? Because I find deals all of the time that are right in my backyard! Almost every single time I get in my car, and go driving through my target markets, I find deals. Almost every single time! Investors have become spoiled and lazy. It is easy to overlook this old approach of “driving for dollars”. But it works. Driving through any neighborhood and noticing vacant, boarded up properties, houses with damage (like fire damage), and FSBO signs is not something you can do sitting in front of your computer. And all of your competitors are….. (in front of their computer). If you want to find the smoking hot deals. The ones that can make you profits of $30,000, $50,000 or more then you should start driving through your target market more and looking for these types of houses. And when you find them, there are real estate apps out there that you can download on your smartphone that could really help you locate sellers. I really like these two apps listed below (I use them both) Both of these apps do almost the same thing but with some variation. SEND FUSE > http://getsendfuse.com/ Send Fuse is free to join and only $1 a postcard to mail. You get a sequence of 6 postcards that you can have go out to owners of the property. All you need to do is text the address to your send fuse number in your phone and the postcard sequence begins. You can also add users to your Send Fuse account so you could recruit some bird dogs and offer to pay them $1,000 for any deal they bring to you, and have them download the app on their phone (with your account). I really like the ease of use and the fact that there are no fees at all. This app is very easy to use and I recommend it to my students. DEAL MACHINE > https://dealmachineapp.com/ The really cool feature about Deal Machine is that you can take a picture of the property and add it to the postcard. You can literally take out your smart phone and take a picture of a vacant, boarded up house. And then using the app you can have a postcard sent to the owner (with a picture of their house) asking them “Is this your house?”. That is a very smart way of getting the owner’s attention and it works really well. The response rate is way higher than a typical post card. The other really nice feature of Deal Machine is that you can look up the owners info right there and even get their phone number in some cases. Deal Machine let’s you try their service out for free for 14 days and then they charge $49 per month which is really a very small charge considering what the app does. Imagine if using this app you made $30,000 profit on one house! Use this code FTCYXN to get $5 of direct mail credit when you sign up. If you are already out driving for dollars, do yourself a favor and have some bandit signs made up and keep a few in your trunk. It wouldn’t kill you to put a few bandit signs out and have some sellers call you. Even better, hire your kids or someone else and pay them $1 to $2 per bandit sign that they put out. And don’t forget to send out direct mail. It works! Start out by mailing a list of absentee owners since this is the easiest list to obtain. Even if you can only afford to mail out 500 postcards a month, make yourself a commitment that you will mail 500 a month for at least 6 months. If you only get 1 deal out of that mailing over the 6 month period then that would be a very good return on your investment. And don’t forget to track those phone numbers when your phone starts ringing. I like Call Rail for tracking where the calls are coming from so I can see which marketing efforts are working best To see show notes and more about this episode please visit http://www.lexlevinrad.com/locatingdeals

Wholesaling and Assigning Contracts How Wholesalers Do It Aug 09, 2018

On this podcast episode I discuss how wholesalers assign contracts when they are flipping houses and how assignments of contract work. We talk about the pros and cons of assigning a contract versus paying for a double closing and when you should double close versus assigning the contract. My personal preference is to always double close but many wholesalers that I know always assign almost every house that they flip. You can download an "assignment of contract form" at this link which was mentioned in the podcast: https://www.lexlevinrad.com/assignment

Having A Sense Of Urgency In Real Estate Aug 08, 2018

On this podcast episode I talk about something that from the guy that taught me real estate - my mentor Ben. It's the concept of urgency and how when you spot a deal you need to have the sense of urgency to understand what you have and lock it up before someone else does. I like to use the analogy of a lion in the wild. If a lion has not eaten for weeks and it spots a deer then it doesn't think to itself hmmm should I eat. No it pounces on the deer and it eats. If you are a real estate investor and you see a smoking hot deal you should't be going hmmm is that a deal. You should be pouncing on it. Hence the term "you eat what you kill".

Motivated Seller Appointments Jan 19, 2018

On this podcast episode I talk about motivated seller appointments. When you are marketing to motivated sellers, regardless of the method you use to market to sellers, you will need to go on motivated seller appointments. On this podcast I discuss the initial lead intake form, and the type of conversation that you will have with a motivated seller. When you have that first conversation with the seller, you will need to know what questions to ask them. It is helpful if you have a script to use. You also want to make sure that you are using call tracking in order to keep track of where your calls are coming from. If you have multiple channels like a website, bandit signs and direct mail then you need to know which lead source generated the phone call. We use call rail for that. After you have gathered the initial data from the lead, you should move on to the appointment setting. As a new investor you should try go on as many appointments as you can. As a general rule of thumb if they have multiple pain points, you should go on the appointment. At that point you will need to have a comparable sales report in order to estimate the ARV of the property. When you get to the property you should review the repairs needed so that you have an accurate repair estimate. Once you have that you can plug the numbers in to figure out where you want your offer price to be. Going on motivated seller appointments is a valuable skill set and it will take some time for you to learn how to be good at it. But if you keep at it you will get better and better at identifying which houses represent the best opportunity for you to buy. If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

Bandit Signs 101 - Marketing To Distressed Sellers Jan 01, 2017

In this brief training video Lex shows you how to use bandit signs to market for Distressed Sellers

How To Be More Productive Dec 18, 2016

On this podcast episode Lex talks about how you can learn to be more productive by structuring your day into specific segments. Topics covered include productivity apps, and how to structure learning and reading into your day to become way more productive.

Thoughts Become Actions Dec 02, 2016

Listen to this podcast to learn how thoughts become actions and how what you think, and what you believe are ultimately what end up happening to you. Lex explains this concept and how it relates to real estate.

Creating Systems For Your Real Estate Business Feb 28, 2016

On this podcast Lex explains the key concepts to creating systems and how they apply to your real estate business. This concept is valid regardless of whether you are a business owner, real estate agent, landlord, flipper, wholesaler or mortgage broker. You need to create a system because you cannot do everything yourself.

Lex Levinrad Explains The 16 Laws Of Success Feb 27, 2016

Lex Levinrad explains the 16 Laws of Success created by Napoleon Hill and gives listeners an introduction to each of the 16 laws of success.

What Are You Doing To Get Leads? Jan 11, 2016

On this podcast episode Lex talks about leads and what you need to be doing to get leads for investing in real estate.

Estimating the Cost of Repairs Dec 21, 2015

This is the 5th part of a multi-part series on Investing in Distressed Real Estate. On this podcast Lex talks about the cost of repairs and how to seperate the cost of materials and the cost of labor. Make sure you listen to the rest of the podcast episodes on this serios of Investing In Distressed Real Estate

Investing in Distressed Real Estate Part 3 Nov 10, 2015

This is the third lesson in a multi part series about investing called "Investing In Distressed Real Estate". On this episode, Lex talks about short sales, the short sale process, how to negotiate a short sale and the short sale package. Other topics related to short sales such as deed restrictions and loan modifications as well as flipping short sales are discussed on this episode.

Investing in Distressed Real Estate Part 2 Nov 10, 2015

This is the second lesson in a series in investing called "Investing In Distressed Real Estate". On this lesson which is part 2, we learn about another type of distressed seller - the seller who is about to go into foreclosure or who is already in foreclosure. Lex discusses the 3 different stages of foreclosure, the foreclosure process and how properties ultimately become bank owned properties REO properties.

Investing in Distressed Real Estate Part 1 Oct 30, 2015

Join Lex Levinrad as he talks about investing in Distressed Real Estate in the first of a multi part series about investing in distressed real estate. This podcast is part 1 in a series that focuses on distressed real estate, distressed sellers, distressed properties and why sellers would sell these properties for less than market value to cash investors.

Lex Levinrad Being Interviewed By Kerry Lutz On FSN Nov 08, 2013

Lex Levinrad Being Interviewed By Kerry Lutz On The Financial Survival Network About Flipping Properties In Florida

Audio interview on the Financial Survival Network with Kerry Jun 18, 2013

Audio interview on the Financial Survival Network with Kerry Lutz and Lex Levinrad

Audio Interview With Randy Hughes Mr Land Trust May 30, 2013

Lex Levinrad audio interview with Randy Hughes aka "Mr Land Trust" talking about using land trusts for investing in real estate.

Lex Levinrad being interviewed on FOX News Radio 1460 KION “Morn Dec 19, 2012

Lex Levinrad being interviewed on FOX News Radio 1460 KION on the "Mornings With Mark Show" with Mark Carbonaro. In this interview Lex and Mark are discussing the effect of the Fiscal Cliff on the U.S Housing Market.

Introduction To Fixing And Flipping Bank Owned Properties May 10, 2012

Lex Levinrad gives a brief introduction to fixing and flipping bank owned properties and short sales in this podcast.

How To Make Money Fixing And Flipping Bank Owned Properties Feb 27, 2012

Lex Levinrad, founder and CEO of the Distressed Real Estate Institute talks about investing in Distressed Real Estate and how to make money fixing and flipping bank owned properties

Lex Levinrad Interview About Distressed Real Estate Feb 21, 2012

Lex Levinrad interview with Kevin Dawson from Global Talk Radio about investing in Distressed Real Estate and the Distressed Real Estate Institute. To learn more visit http://www.lexlevinrad.com or call 561-948-2127

Lex Levinrad Double Closings on Bank Owned Properties May 17, 2011

Join Lex Levinrad, host of the Distressed Real Estate Radio Show as he talks about double closings and why this method is necessary when flipping bank owned properties.

Lex Levinrad Discusses Double Closings Feb 17, 2011

Lex Levinrad discusses double closings, how double closings work and why you must use the double closing method if you want to flip bank owned properties and short sales.

Lex Levinrad and David Dweck - Real Estate Strategies For 2011 Dec 24, 2010

Lex Levinrad and David Dweck discuss real estate strategies for 2011 and what is working in today's South Florida real estate market. Topics include making offers on bank owned properties, fixing and flipping and why now is such a great time to be investing in real estate in South Florida.

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