Investing In Real Estate With Lex Levinrad

By Lex Levinrad

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Do you want to learn how to wholesale real estate and flip properties? Join Lex Levinrad on the Investing in Real Estate Podcast and learn how YOU can get started flipping houses today. This podcast is full of ACTION PACKED information and CONCRETE ACTION STEPS that you can start taking TODAY to learn how to start investing in real estate and flipping real estate. Join Lex as he talks about EVERY TOPIC related to INVESTING IN REAL ESTATE including wholesaling, locating deals, finding properties, flipping properties, hard money lenders, online auction sites, marketing for motivated sellers, building your cash buyer lists, deal structuring, fixing and flipping, buying and holding real estate long term and rental properties. Lex has trained thousands of students from all over the world how to invest in real estate. Lex has personally flipped over 1,000 houses and he can teach you the one thing that everyone is looking for - FINANCIAL FREEDOM. Listen to Lex interview some of his successful students who have quit their jobs and now flip houses for a living. If you want to get MOTIVATED and INSPIRED by people who are actually flipping houses RIGHT NOW, then LISTEN TO THIS PODCAST. Lex will also introduce you to some of his real estate friends and he will interview some of the biggest wholesalers and flippers in the country. You will learn from the experience of real estate investors who are doing deals every single day, investors who are literally doing thousands of deals. Listen to this podcast so YOU can learn how to achieve massive results investing in real estate. If you want to learn how to flip houses for a living and maybe even quit your job then SUBSCRIBE TO THIS PODCAST.

Episode Date
Borrowing Money To Fix and Flip Houses
00:34:27
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
Jan 21, 2019
Marketing Your Wholesale Real Estate Deals
00:45:51
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
Jan 14, 2019
The Easiest Way To Find Good Deals
00:38:28
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
Jan 11, 2019
How To Find Motivated Sellers
00:41:54
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
Jan 10, 2019
How To Find Cash Buyers
00:36:13
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
Jan 07, 2019
Learning How To Wholesale
00:36:51
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
Jan 03, 2019
Buy Repair Rent Refinance
00:32:30
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
Dec 31, 2018
Raising Private Money
00:38:15
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
Dec 28, 2018
How To Get Started With No Money
00:32:41
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
Dec 27, 2018
Purchasing From Wholesalers
00:27:26
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
Dec 26, 2018
Purchasing From Wholesalers
00:27:26
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
Dec 26, 2018
Getting Started in Real Estate
00:40:37
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
Dec 21, 2018
Contracts For Wholesaling
00:33:15
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
Dec 20, 2018
Motivated Seller Appointments
00:34:39
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
Dec 19, 2018
Buying Houses With No Money Down
00:30:24
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
Dec 08, 2018
Driving For Dollars
00:31:11
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
Dec 06, 2018
Starting Out As A Property Locator (Bird Dog)
00:44:09
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
Dec 04, 2018
How To Be Financially Free
00:30:04
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
Dec 03, 2018
You Don't Know What You Don't Know
00:29:33
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
Nov 16, 2018
How To Build Your Cash Buyers List
00:44:17
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
Nov 15, 2018
How To Complete a Purchase Contract
00:34:17
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
Nov 08, 2018
Motivated Sellers and Why They Sell
00:24:40
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
Nov 06, 2018
Turn Key Section 8 Rentals
00:32:19
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
Nov 05, 2018
Financial Freedom with Real Estate
00:30:31
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
Nov 01, 2018
Flipping Your First House 4 Mailing Lists
00:37:17
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
Oct 30, 2018
Flipping Your First House Part 4 - Mailing Lists
00:37:17
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
Oct 30, 2018
Flipping Your First House Part Three
00:38:13
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
Oct 26, 2018
Flipping Your First House Part Two
00:33:13
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
Oct 25, 2018
Flipping Your First House - How To Get Started
00:34:06
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
Oct 06, 2018
Investing in Section 8 Rental Properties
00:19:23
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
Oct 01, 2018
Private Lenders and Hard Money Loans
00:29:33
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
Sep 27, 2018
Wholesaling Real Estate Part 4
00:26:25
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
Sep 25, 2018
Wholesaling Real Estate Part Three
00:28:06
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
Sep 24, 2018
Wholesaling Real Estate Part 2
00:28:47
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
Sep 22, 2018
How To Get Started Wholesaling Part 1
00:26:50
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.
Sep 18, 2018
Turn Key Rental Properties in Florida
00:15:20
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
Sep 17, 2018
Buying Rental Properties With No Money Down
00:28:20
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!
Sep 13, 2018
Wholesaling, Fixing and Flipping or Landlording
00:26:43
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
Sep 11, 2018
Flipping Your First House
00:21:02
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!
Sep 10, 2018
Buying Real Estate With Private Lender's Money
00:25:10
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
Sep 06, 2018
Bidding on Online Real Estate Auction Sites
00:11:18
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
Sep 03, 2018
Rental Properties and Investing In Real Estate For Cash Flow
00:06:18
Rental Properties And Investing In Real Estate For Positive Cash Flow Watch this interview with my student Jorge which was taken in my office today. Jorge flew in from California and came straight from the airport to my office for a coaching session. In this video we talk about rental properties including the two triplexes that he currently owns with his wife (who didn’t want to be in the video but you can hear in the background). We also talk about buying another rental property which is a single family rental property in Port St Lucie, FL which he is purchasing directly from my wholesale real estate deals email. You can get those emails by signing up at www.cheaphousesinsouthflorida.com The rental property that we are talking about is a rental property that I currently own which has a tenant in place and is in great condition. All he needs to do is purchase the property, wait six months and then refinance the property with a new appraisal. As I mentioned in the video he is purchasing the house for $134,900 and the house next door is listed (and pending sale) at $174,900. So there is a lot of equity in this deal (about $40,000). In addition to helping Jorge find the house, I am also giving him a hard money loan on the property which is needed in order to buy it for cash (it’s not for sale to retail investors). So I help my students with the financing too. 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 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 Download my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com
Aug 31, 2018
Rental Properties and Investing In Real Estate For Cash Flow - Audio
00:06:18
Rental Properties And Investing In Real Estate For Positive Cash Flow Watch this interview with my student Jorge which was taken in my office today. Jorge flew in from California and came straight from the airport to my office for a coaching session. In this video we talk about rental properties including the two triplexes that he currently owns with his wife (who didn’t want to be in the video but you can hear in the background). We also talk about buying another rental property which is a single family rental property in Port St Lucie, FL which he is purchasing directly from my wholesale real estate deals email. You can get those emails by signing up at www.cheaphousesinsouthflorida.com The rental property that we are talking about is a rental property that I currently own which has a tenant in place and is in great condition. All he needs to do is purchase the property, wait six months and then refinance the property with a new appraisal. As I mentioned in the video he is purchasing the house for $134,900 and the house next door is listed (and pending sale) at $174,900. So there is a lot of equity in this deal (about $40,000). In addition to helping Jorge find the house, I am also giving him a hard money loan on the property which is needed in order to buy it for cash (it’s not for sale to retail investors). So I help my students with the financing too. 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 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 Download my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com
Aug 31, 2018
Positive Cash Flow Rental Property Number 5 For My Student A
00:03:06
Positive Cash Flow Rental Property Number 5 For My Student Andy This video was taken today in front of a rental property that Andy just purchased. This is rental property number 5 for Andy. What is so impressive about Andy's story is that he is only 29 years old. Andy started just two years ago by attending my boot camp and since then he has purchased 5 rental properties. He has increased his net worth by $450,000. Andy has a full time job and he buys rental properties on the side while still working a 50 hour work week. All of the rental properties that he has purchased have been direct from my wholesale deals emails which we send out to investors 3 times a week. And on all 5 properties I gave him a hard money loan. The first two properties that he purchased were rehab projects. He purchased them, fixed them, rented them and then refinanced to pay off the hard money loan. All refinances were with 15 year mortgages so he will essentially own these 5 houses free and clear by the time he is 42 years old. On rental properties number 3,4 and 5 he purchased properties with tenants already in the property. He was able to refinance and pay off his hard money loan in as little as 4 months on the last 2 loans. The house in this video rents for $2,000 per month (section 8) and it was purchased for $187,000. The ARV on the property is around $230,000. This property was on my email list. If you got those emails you could have purchased this property too! You can sign up for our wholesale real estate deals (Florida only) at www.cheaphousesinsouthflorida.com If you want to learn how to do what Andy is doing then start out like he did by attending our Wholesaling Real Estate Boot Camp. 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 and flipping houses training at this link below: https://www.lexlevinrad.com/webinar 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 Download my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com
Aug 30, 2018
Positive Cash Flow Rental Property Number 5 For My Student A - Audio
00:03:06
Positive Cash Flow Rental Property Number 5 For My Student Andy This video was taken today in front of a rental property that Andy just purchased. This is rental property number 5 for Andy. What is so impressive about Andy's story is that he is only 29 years old. Andy started just two years ago by attending my boot camp and since then he has purchased 5 rental properties. He has increased his net worth by $450,000. Andy has a full time job and he buys rental properties on the side while still working a 50 hour work week. All of the rental properties that he has purchased have been direct from my wholesale deals emails which we send out to investors 3 times a week. And on all 5 properties I gave him a hard money loan. The first two properties that he purchased were rehab projects. He purchased them, fixed them, rented them and then refinanced to pay off the hard money loan. All refinances were with 15 year mortgages so he will essentially own these 5 houses free and clear by the time he is 42 years old. On rental properties number 3,4 and 5 he purchased properties with tenants already in the property. He was able to refinance and pay off his hard money loan in as little as 4 months on the last 2 loans. The house in this video rents for $2,000 per month (section 8) and it was purchased for $187,000. The ARV on the property is around $230,000. This property was on my email list. If you got those emails you could have purchased this property too! You can sign up for our wholesale real estate deals (Florida only) at www.cheaphousesinsouthflorida.com If you want to learn how to do what Andy is doing then start out like he did by attending our Wholesaling Real Estate Boot Camp. 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 and flipping houses training at this link below: https://www.lexlevinrad.com/webinar 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 Download my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com
Aug 30, 2018
Bandit Signs For Real Estate |Marketing To Motivated Sellers
Watch this video to learn about how to use bandit signs for marketing to motivated sellers. Marketing with Bandit Signs is one of those old school methods that a lot of new investors overlook. That’s a pity because marketing with bandit signs is still a great way to find motivated sellers and cash buyers. Putting out bandit signs is labor intensive though, and if you are in a warm location (or cold location) then it can be pretty cumbersome to put out the signs yourself. It is also not a very good use of your time (unless you like making $12 an hour). My suggestion is you pay someone to put out bandit signs. If you have teenage kids put them to work! We pay our guys $2 per bandit sign so if they put out 6 in an hour they are making $12 an hour. We have them take photos of each bandit sign to show where they posted them. We send guys out to drive the areas and spot check them (especially in the beginning). One system that works well is you pay them less (say $1 per sign) and you offer to give them $500 for any house you buy off the sign they put out. This is a great way to tap into bird dogs and you can create a special tracking number for each bird dog (which only costs $3 per number with Call Rail). The biggest issue with using bandit signs is the legality. most cities have strict ordinances about putting out bandit signs. However some are stricter than others. As a general rule if you are going to put out bandit signs pay attention to a few important considerations: 1. Don’t put your personal number on the bandit sign – rather use a Call Rail Tracking Number, A Google Voice Number, or any number that will not lead back to you if someone were to Google the number. 2. If someone asks you to take a sign down then take it down – immediately. Be polite. You don't want to get on their bad side because they will start sending you fines in the mail. Just act like you didn't know you were doing anything wrong, be polite and immediately remove the sign and you will be fine. DO NOT put a sign back in that same area again if you are asked to take a sign down. 3. Do not post bandit signs on private property like on a homeowners lawn (post only on public property). Here is a little tip for you. They can’t take down signs on private property. So if you see vacant overgrown lots with nothing for sale on them and you put your bandit signs on the lot they will probably stay up for a very long time. Remember to use a blank sign with marker to flush out cash buyers. Say something like "Investor Special or Handyman Special 3/2 Needs Work Your for Just $49,000 Cash (or whatever the price is). The goal is to get them to call you. Use a printed sign like in the video above to market to motivated sellers who may be in foreclosure or be facing some other form of distress. Be polite with them too :) Why blank signs for cash buyers and printed signs for motivated sellers? I think that sellers want to deal with someone legit (printed sign). Cash buyers want a deal so a hand written sign looks more like a motivated seller and less like a wholesaler. And with regards to color, we have tested out thousands of bandit signs. Large yellow 18 x 24 bandit signs with black writing work best. For cash buyers you can use white signs with black marker or yellow signs with a black marker. 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 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 Download my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com
Aug 29, 2018
Direct Mail For Real Estate - Introduction To Direct Mail
00:07:30
This introduction to direct mail for real estate video walks you through the steps of a direct mailing campaign to show you how direct mail works from start to finish. The concept of direct mail in real estate is that you are mailing a list of property owners in order to find the sellers that are the most motivated to sell. Usually the most motivated sellers are the ones that have some form of distress (hence the term distressed sellers). So when you are talking to sellers ask yourself this simple question: "Is this seller really motivated". 9 out of 10 will not be. You are looking for the 1 seller that is motivated to sell. That is where you will find your best deals. The first and most important component of your direct mail campaign is your list. You have to have a good list and your list needs to be targeted for your approach. If you are a landlord looking for rental properties your list will be different from a rehabber who is looking for properties to fix and flip. So put some time into thinking about your list. If you are wholesaling you are flipping houses to cash buyers. So ask yourself what your cash buyers want and the type of properties they are looking for will dictate your mailing list. Generally speaking if you are wholesaling your cash buyers are either landlords looking for rental properties or rehabbers looking for fix and flips. So one of the first steps of defining your list is identifying what you are looking for which can be very different if you are looking for fix and flips for yourself versus wholesaling to other investors. So your list is very important. You need to know what type of properties you are looking to acquire and then target those properties and the owners of those properties. When you first start out one of the easiest lists to obtain is List Source (http://www.listsource.com). Many new investors start out with an absentee owner list (also known as absentee landlords). If you are a beginner this is a great place to start. The concept is very simple. These are properties where the owner of the property does not live in the property. They figure this out based on where the property tax bill is mailed to. This is a very easy and cheap list to obtain and it's a great place to start. However it is also the most frequently mailed to list - so keep that in mind. Once you have your direct mail list, the next step is to figure out what you are going to mail. Postcards will cost you anywhere from 1/2 to 1/3 of what yellow letters will cost in postage. However, our results indicate that you will get anywhere from 2 to 3 times better results with hand written yellow letters than you will with postcards. If you are mailing 10,000 pieces a month then mailing letters makes no sense. However if you are mailing 500 pieces a month it might make a lot of sense. That is how I started out, by mailing 500 yellow letters at a time. And on average, I would get at least one deal per mailing. Some mailings I got zero deals and other mailings I got 2 or 3 deals but after a year of looking at the numbers we were consistently getting one deal per 500 letters mailed. With postcards, our numbers are 1 deal per 1,500 to 2,000 mailed. So make a decision on what your approach will be and decide if you want to use yellow letters or postcards. Once you have made that decision, your next step is to choose a mailing house. We have one for our students at http://www.lexdirectmail.com There are many direct mail houses out there (just Google Direct Mail For Real Estate). How much you pay will depend on how much you mail. If you are mailing postcards a few hundred at a time expect to pay around 50 to 60 cents per postcard. If you are mailing tens of thousands of postcards you can probably get your rate down to 35 cents (or less). Yellow letters will usually cost you around 99 cents a piece. So you can see that in scale with large volume the cost is almost exactly 3 times higher to mail yellow letters than to mail postcards. However if you mail smaller amounts the cost is only twice as much and the results generally pay for that extra postage spend. It is also more unique (although many investors use yellow letters). Before you do your first mailing, put some time in to thinking about the phone number that you will use. Who is answering the calls? You or someone else? Will you always be able to answer? Or do you have a job and need someone to answer for you? These are all considerations that you should think about BEFORE you mail your first direct mail campaign. Whatever phone number you use, even if calls are coming to your cell phone I highly recommend that you use a call tracking service like Call Rail (http://www.callrail.com) so that you know which marketing piece generated which phone call. For example you may have multiple campaigns going. One month you might mail postcards and the next month you might mail yellow letters or put out bandit signs. But you need to know how many calls you are getting so you can analyze your data and keep track of your KPI's (Key Performance Indicators). You need to know how many pieces were mailed, how many leads came in, how many appointments were set, how many houses under contract and how many houses sold. Ultimately you want to see the profit you made and compare that to what was spent on the mailing. So tracking is very important and that is why you want to use a call tracking service. Once you have your list, your mail piece and your tracking number you are ready to mail. The key thing with mailing is consistency. I have seen many beginners that start out strong mailing 5,000 pieces for a month or two but then they quit. You are much better off mailing 500 pieces a week for 6 months and then analyzing your results. If your campaign after 6 months cost you $6,000 but resulted in 5 deals which made a total profit of $67,000 would you mail again? Of course you would. So make sure you are consistent. Figure out your budget and what you can realistically afford (including the cost of postage and the cost of the list). And then set yourself a mimimum of 6 months. The rest is theoretically easy. Sellers call, you go on appointments and come to an agreement on what price you will buy the house for. You then flip that house and get ready to close and get paid. I say theoretically that it is easy because as you can see in the video, the process is really simple. Here's the hard part. When you offer $100k and the seller wants $130k at what price do you agree to buy the house? That is where knowing your comparable sales, repair costs and your market comes in. And most beginners don't know that. It will take you time to learn that and I encourage you to invest in your education of understanding After Repair Value, Comparable Sales and Repair Estimates BEFORE you mail. That way when you do speak to sellers and go on appointments you will actually know what to do. We have a wholesaling real estate boot camp where I personally spend 3 days teaching the above three topics. You can find out more about the wholesaling Real Estate Boot Camp at https://www.lexlevinrad.com/distressed-real-estate-boot-camp/ When you speak to sellers, you will need to keep track of your calls. For that you want to use a Customer Relationship Manager (CRM) which is software that can help you keep track of your leads. We have one that we developed for our students at http://www.lexrealestatesystem.com The goal with the CRM is to have all of the information about every single call logged into the CRM. Every time you speak to a seller you should note the mailing piece that was used (from the tracking number) and you should make sure you save the seller's address, name, email address and phone number. All notes from your conversation with the seller should be typed out and saved in the CRM. By having a CRM you will be able to track your KPI's and you will be able to never lose a lead. If you don't have a CRM you will scribble notes down on a notepad and a month from now you will have no idea where those notes are. That is the value of having a CRM. Direct Mail works. A lot of beginners will tell you it doesn't because they mailed once and quit. But all of the pros are doing direct mail. In my mastermind, we have guys mailing north of 100,000 mail pieces every single month. Direct mail works. Remember that the most important thing is to be consistent. 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: https://www.lexlevinrad.com/webinar If you are interested in fixing and flipping houses find out more about our Fixing and Flipping Houses Boot Camp by visiting 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 ON WHOLESALING REAL ESTATE Download a free copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com
Aug 24, 2018
Direct Mail For Real Estate - Introduction To Direct Mail - Audio
00:07:30
This introduction to direct mail for real estate video walks you through the steps of a direct mailing campaign to show you how direct mail works from start to finish. The concept of direct mail in real estate is that you are mailing a list of property owners in order to find the sellers that are the most motivated to sell. Usually the most motivated sellers are the ones that have some form of distress (hence the term distressed sellers). So when you are talking to sellers ask yourself this simple question: "Is this seller really motivated". 9 out of 10 will not be. You are looking for the 1 seller that is motivated to sell. That is where you will find your best deals. The first and most important component of your direct mail campaign is your list. You have to have a good list and your list needs to be targeted for your approach. If you are a landlord looking for rental properties your list will be different from a rehabber who is looking for properties to fix and flip. So put some time into thinking about your list. If you are wholesaling you are flipping houses to cash buyers. So ask yourself what your cash buyers want and the type of properties they are looking for will dictate your mailing list. Generally speaking if you are wholesaling your cash buyers are either landlords looking for rental properties or rehabbers looking for fix and flips. So one of the first steps of defining your list is identifying what you are looking for which can be very different if you are looking for fix and flips for yourself versus wholesaling to other investors. So your list is very important. You need to know what type of properties you are looking to acquire and then target those properties and the owners of those properties. When you first start out one of the easiest lists to obtain is List Source (http://www.listsource.com). Many new investors start out with an absentee owner list (also known as absentee landlords). If you are a beginner this is a great place to start. The concept is very simple. These are properties where the owner of the property does not live in the property. They figure this out based on where the property tax bill is mailed to. This is a very easy and cheap list to obtain and it's a great place to start. However it is also the most frequently mailed to list - so keep that in mind. Once you have your direct mail list, the next step is to figure out what you are going to mail. Postcards will cost you anywhere from 1/2 to 1/3 of what yellow letters will cost in postage. However, our results indicate that you will get anywhere from 2 to 3 times better results with hand written yellow letters than you will with postcards. If you are mailing 10,000 pieces a month then mailing letters makes no sense. However if you are mailing 500 pieces a month it might make a lot of sense. That is how I started out, by mailing 500 yellow letters at a time. And on average, I would get at least one deal per mailing. Some mailings I got zero deals and other mailings I got 2 or 3 deals but after a year of looking at the numbers we were consistently getting one deal per 500 letters mailed. With postcards, our numbers are 1 deal per 1,500 to 2,000 mailed. So make a decision on what your approach will be and decide if you want to use yellow letters or postcards. Once you have made that decision, your next step is to choose a mailing house. We have one for our students at http://www.lexdirectmail.com There are many direct mail houses out there (just Google Direct Mail For Real Estate). How much you pay will depend on how much you mail. If you are mailing postcards a few hundred at a time expect to pay around 50 to 60 cents per postcard. If you are mailing tens of thousands of postcards you can probably get your rate down to 35 cents (or less). Yellow letters will usually cost you around 99 cents a piece. So you can see that in scale with large volume the cost is almost exactly 3 times higher to mail yellow letters than to mail postcards. However if you mail smaller amounts the cost is only twice as much and the results generally pay for that extra postage spend. It is also more unique (although many investors use yellow letters). Before you do your first mailing, put some time in to thinking about the phone number that you will use. Who is answering the calls? You or someone else? Will you always be able to answer? Or do you have a job and need someone to answer for you? These are all considerations that you should think about BEFORE you mail your first direct mail campaign. Whatever phone number you use, even if calls are coming to your cell phone I highly recommend that you use a call tracking service like Call Rail (http://www.callrail.com) so that you know which marketing piece generated which phone call. For example you may have multiple campaigns going. One month you might mail postcards and the next month you might mail yellow letters or put out bandit signs. But you need to know how many calls you are getting so you can analyze your data and keep track of your KPI's (Key Performance Indicators). You need to know how many pieces were mailed, how many leads came in, how many appointments were set, how many houses under contract and how many houses sold. Ultimately you want to see the profit you made and compare that to what was spent on the mailing. So tracking is very important and that is why you want to use a call tracking service. Once you have your list, your mail piece and your tracking number you are ready to mail. The key thing with mailing is consistency. I have seen many beginners that start out strong mailing 5,000 pieces for a month or two but then they quit. You are much better off mailing 500 pieces a week for 6 months and then analyzing your results. If your campaign after 6 months cost you $6,000 but resulted in 5 deals which made a total profit of $67,000 would you mail again? Of course you would. So make sure you are consistent. Figure out your budget and what you can realistically afford (including the cost of postage and the cost of the list). And then set yourself a mimimum of 6 months. The rest is theoretically easy. Sellers call, you go on appointments and come to an agreement on what price you will buy the house for. You then flip that house and get ready to close and get paid. I say theoretically that it is easy because as you can see in the video, the process is really simple. Here's the hard part. When you offer $100k and the seller wants $130k at what price do you agree to buy the house? That is where knowing your comparable sales, repair costs and your market comes in. And most beginners don't know that. It will take you time to learn that and I encourage you to invest in your education of understanding After Repair Value, Comparable Sales and Repair Estimates BEFORE you mail. That way when you do speak to sellers and go on appointments you will actually know what to do. We have a wholesaling real estate boot camp where I personally spend 3 days teaching the above three topics. You can find out more about the wholesaling Real Estate Boot Camp at https://www.lexlevinrad.com/distressed-real-estate-boot-camp/ When you speak to sellers, you will need to keep track of your calls. For that you want to use a Customer Relationship Manager (CRM) which is software that can help you keep track of your leads. We have one that we developed for our students at http://www.lexrealestatesystem.com The goal with the CRM is to have all of the information about every single call logged into the CRM. Every time you speak to a seller you should note the mailing piece that was used (from the tracking number) and you should make sure you save the seller's address, name, email address and phone number. All notes from your conversation with the seller should be typed out and saved in the CRM. By having a CRM you will be able to track your KPI's and you will be able to never lose a lead. If you don't have a CRM you will scribble notes down on a notepad and a month from now you will have no idea where those notes are. That is the value of having a CRM. Direct Mail works. A lot of beginners will tell you it doesn't because they mailed once and quit. But all of the pros are doing direct mail. In my mastermind, we have guys mailing north of 100,000 mail pieces every single month. Direct mail works. Remember that the most important thing is to be consistent. 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: https://www.lexlevinrad.com/webinar If you are interested in fixing and flipping houses find out more about our Fixing and Flipping Houses Boot Camp by visiting 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 ON WHOLESALING REAL ESTATE Download a free copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com
Aug 24, 2018
Fixing and Flipping Houses | House Review Before Listing
00:08:58
In this video, I start out by driving through a neighborhood where I am listing a property for sale to show you what the neighborhood looks like. I like to preview properties before we list them on the MLS, and I like to make sure that everything is perfect. I notice everything all the way to the smell of the property when you first open the door (tip in hot areas keep your a/c cooler). In this video, you see that as I approach the house, I notice that it is missing a mailbox, something that two employees of mine omitted to mention when visiting the property. This is why I like to preview the properties myself before they are listed on the MLS. When I get to the property, I do a complete walk through of the property with you, and show you every room in the house, and what a house that has been remodeled by my crew looks like. I show you how every item that we use for materials is the same in every property that we renovate. Keep in mind that these are entry level houses that are being sold to end buyers who are mostly first time home buyers who are purchasing with an FHA Mortgage. If you are renovating nicer homes in nicer neighborhoods then you may want to spend a little more on tile, bathroom tile, cabinets, vanities and appliances. But for our market that we rehab in, which is entry level homes this fit and finish is perfect. Every home that we renovate has the same laminate flooring, the same tile, the same cabinets, the same counter tops. Everything is the same all the way down to the ceiling fans, the door knobs, and the light switches. While this may not be very original, we have found that the neutral brown color pattern that we use works well with most buyers. It also helps us keep a handle on our costs. Since we know the cost of each component we know exactly what it will cost in materials for every house based on the square footage. An alternative color scheme to this brown look that we have used on our remodels is white cabinets, stainless steel handles and stainless steel appliances along with grey granite counter tops and grey/silver back splashes. That look works very well too for fixing and flipping. However we have found that houses with the brown look, the houses sell a bit quicker. After personally visiting almost every model home builder in South Florida, I have found that the vast majority go with the brown laminate and dark cherry wood cabinet look. If you want to learn a thing or two about remodeling, what is in style and home staging then spend a few Sunday afternoons going to visit new home builders model homes and pay attention to everything from the colors that they use all the way down to the finishes. Take photos if you can. It will give you great ideas of what to use for your home remodel. These companies have spent millions of dollars figuring out what consumers want. Copy them. If you want to see a list of the materials that were used on this house you can download the material list with product SKU numbers from Home Depot below: https://www.lexlevinrad.com/previewing-a-house-before-it-is-listed-on-the-mls/ 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/ PLEASE SHARE AND LIKE THIS VIDEO AND 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 Download a free copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com
Aug 22, 2018
Fixing and Flipping Houses | House Review Before Listing - Audio
00:08:58
In this video, I start out by driving through a neighborhood where I am listing a property for sale to show you what the neighborhood looks like. I like to preview properties before we list them on the MLS, and I like to make sure that everything is perfect. I notice everything all the way to the smell of the property when you first open the door (tip in hot areas keep your a/c cooler). In this video, you see that as I approach the house, I notice that it is missing a mailbox, something that two employees of mine omitted to mention when visiting the property. This is why I like to preview the properties myself before they are listed on the MLS. When I get to the property, I do a complete walk through of the property with you, and show you every room in the house, and what a house that has been remodeled by my crew looks like. I show you how every item that we use for materials is the same in every property that we renovate. Keep in mind that these are entry level houses that are being sold to end buyers who are mostly first time home buyers who are purchasing with an FHA Mortgage. If you are renovating nicer homes in nicer neighborhoods then you may want to spend a little more on tile, bathroom tile, cabinets, vanities and appliances. But for our market that we rehab in, which is entry level homes this fit and finish is perfect. Every home that we renovate has the same laminate flooring, the same tile, the same cabinets, the same counter tops. Everything is the same all the way down to the ceiling fans, the door knobs, and the light switches. While this may not be very original, we have found that the neutral brown color pattern that we use works well with most buyers. It also helps us keep a handle on our costs. Since we know the cost of each component we know exactly what it will cost in materials for every house based on the square footage. An alternative color scheme to this brown look that we have used on our remodels is white cabinets, stainless steel handles and stainless steel appliances along with grey granite counter tops and grey/silver back splashes. That look works very well too for fixing and flipping. However we have found that houses with the brown look, the houses sell a bit quicker. After personally visiting almost every model home builder in South Florida, I have found that the vast majority go with the brown laminate and dark cherry wood cabinet look. If you want to learn a thing or two about remodeling, what is in style and home staging then spend a few Sunday afternoons going to visit new home builders model homes and pay attention to everything from the colors that they use all the way down to the finishes. Take photos if you can. It will give you great ideas of what to use for your home remodel. These companies have spent millions of dollars figuring out what consumers want. Copy them. If you want to see a list of the materials that were used on this house you can download the material list with product SKU numbers from Home Depot below: https://www.lexlevinrad.com/previewing-a-house-before-it-is-listed-on-the-mls/ 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/ PLEASE SHARE AND LIKE THIS VIDEO AND 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 Download a free copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com
Aug 22, 2018
How Much Money Can You Make Fixing and Flipping Houses
00:02:17
How Much Money Can You Make Flipping Houses? That is one of the most frequent questions I get about fixing and flipping. In this video I talk about the profit potential from fixing and flipping houses, and I show you the checks that I just received from my most recent flip (which was sold just a few days ago). This house was purchased for $110,000, I spent around $25,000 repairing the house, and I sold it for $175,000. I was also the listing agent on the sale. The net profit on this fix and flip was a little over $34,000. The interesting thing about this example, is that I purchased this house from a wholesaler for $110,000, but he purchased it from Hubzu for $100,000. You can see me in front of this houses on a previous video post (the one with the Hubzu sign). So a wholesaler made $10,000 flipping this house to me, and then I made another $34,000 fixing and flipping the house. The wholesaler had zero risk, he didn’t need to borrow any money or take any risk at all to make that $10,000. If you are fixing and flipping houses for a living, then wholesalers can be a very lucrative source of finding deals. Case in point, if this wholesaler had not emailed me this houses, then I would not have purchased it. If you are fixing and flipping (or wholesaling) you should constantly be marketing to find more deals since you need to have deals in the pipeline and the more houses you flip, the more money you make. When marketing for deals you should tap into as many sources as possible to find deals. We utilize Pay Per Click Marketing, Bandit Signs, Direct Mail, Facebook Ads, Postcards, Yellow Letters and of course wholesalers to find deals. I would estimate that more than 50% of our deals still come in through wholesalers and students in our Partnership Program. Remember that wholesalers and bird dogs can be your best friend if you are a rehabber. The wholesaler needs a cash buyer so that they can make a quick profit and the rehabber needs a good deal that they can fix and flip. Think about that synergy for a second and ask yourself when was the last time you went to one of the local real estate investor meetings in your area? You could be missing out on huge opportunities to meet other investors who could be bringing you deals or buying deals from you. If you are starting out and you are short on cash then wholesaling is the best way to get started. The reason is simple. You don’t need any cash (or credit) to look for a house online. And if you find one and you flip it to someone then you are making money without having to put any money into the deal. All you need to do is find ONE house and flip it to someone and if you make a decent profit of $10,000 on that first deal, there is a very good chance you will soon want to quit your regular job. That is why I always recommend to new students that they first learn how to wholesale and flip houses before they jump into fixing and flipping. Remember wholesaling has ZERO risk. When you are looking at a potential fix and flip deal and trying to decide if there is enough profit potentail for you to buy the house then a useful tool that can help you is the Rehab Property Calculator which I created for my students. You can access the calculator at this link: https://www.lexlevinrad.com/rehab-property-calculator/ The Rehab Property Calculator is also available as a free download in the app store (both Android and iPhone). Just type in “Rehab Property Calculator” in the store and you will find it. 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 below: https://www.lexlevinrad.com/fixandflipwebinar For more information about the Fixing and Flipping Houses Boot Camp which I referenced in this video please visit this link: https://www.lexlevinrad.com/fixing-and-flipping-boot-camp/
Aug 19, 2018
How Much Money Can You Make Fixing and Flipping Houses - Audio
00:02:17
How Much Money Can You Make Flipping Houses? That is one of the most frequent questions I get about fixing and flipping. In this video I talk about the profit potential from fixing and flipping houses, and I show you the checks that I just received from my most recent flip (which was sold just a few days ago). This house was purchased for $110,000, I spent around $25,000 repairing the house, and I sold it for $175,000. I was also the listing agent on the sale. The net profit on this fix and flip was a little over $34,000. The interesting thing about this example, is that I purchased this house from a wholesaler for $110,000, but he purchased it from Hubzu for $100,000. You can see me in front of this houses on a previous video post (the one with the Hubzu sign). So a wholesaler made $10,000 flipping this house to me, and then I made another $34,000 fixing and flipping the house. The wholesaler had zero risk, he didn’t need to borrow any money or take any risk at all to make that $10,000. If you are fixing and flipping houses for a living, then wholesalers can be a very lucrative source of finding deals. Case in point, if this wholesaler had not emailed me this houses, then I would not have purchased it. If you are fixing and flipping (or wholesaling) you should constantly be marketing to find more deals since you need to have deals in the pipeline and the more houses you flip, the more money you make. When marketing for deals you should tap into as many sources as possible to find deals. We utilize Pay Per Click Marketing, Bandit Signs, Direct Mail, Facebook Ads, Postcards, Yellow Letters and of course wholesalers to find deals. I would estimate that more than 50% of our deals still come in through wholesalers and students in our Partnership Program. Remember that wholesalers and bird dogs can be your best friend if you are a rehabber. The wholesaler needs a cash buyer so that they can make a quick profit and the rehabber needs a good deal that they can fix and flip. Think about that synergy for a second and ask yourself when was the last time you went to one of the local real estate investor meetings in your area? You could be missing out on huge opportunities to meet other investors who could be bringing you deals or buying deals from you. If you are starting out and you are short on cash then wholesaling is the best way to get started. The reason is simple. You don’t need any cash (or credit) to look for a house online. And if you find one and you flip it to someone then you are making money without having to put any money into the deal. All you need to do is find ONE house and flip it to someone and if you make a decent profit of $10,000 on that first deal, there is a very good chance you will soon want to quit your regular job. That is why I always recommend to new students that they first learn how to wholesale and flip houses before they jump into fixing and flipping. Remember wholesaling has ZERO risk. When you are looking at a potential fix and flip deal and trying to decide if there is enough profit potentail for you to buy the house then a useful tool that can help you is the Rehab Property Calculator which I created for my students. You can access the calculator at this link: https://www.lexlevinrad.com/rehab-property-calculator/ The Rehab Property Calculator is also available as a free download in the app store (both Android and iPhone). Just type in “Rehab Property Calculator” in the store and you will find it. 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 below: https://www.lexlevinrad.com/fixandflipwebinar For more information about the Fixing and Flipping Houses Boot Camp which I referenced in this video please visit this link: https://www.lexlevinrad.com/fixing-and-flipping-boot-camp/
Aug 19, 2018
Bidding on Online Real Estate Auction Sites
00:11:18
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
Aug 18, 2018
Materials That We Use For Fixing and Flipping Houses
00:09:33
We have found that the biggest obstacle to our students buying their first house to fix and flip is having a reliable contractor. We have even found that students sign up for our coaching program just to have access to our contractors! Having good, reliable contractors to work on your houses that you plan on fixing and flipping is very important. On the previous podcast, I spoke about the importance of knowing how to estimate the cost of materials and the costs of labor. If you know how to estimate the cost of materials, then you can figure out the cost of the labor. The best way to learn the cost of materials, is by taking a trip to your local Home Depot or Loews store. We have a Home Depot Bus Trip at our Fixing and Flipping Houses Boot Camp which is held twice a year in South Florida. When you go to Home Depot (or Loews) Take a note pad, pen and calculator with you. Allow yourself around 2 hours to go through each aisle. Go aisle by aisle, and make a list of all of the components for each room of the house. It can be helpful to have a sketch of the house from the property appraiser web site (bring that with you). If you have accurate square footage you can calculate how much tile, paint, and laminate flooring you will need. If you have a measurement of the kitchen and bathrooms, then you can calculate how much your cabinets and counter top will cost and how much bathroom tile you will need. Take pictures of each item that you would be purchasing. If you don’t already have a house in mind, then just use a house you are thinking about making an offer on, and take the sketch from the property appraiser with you so that you have square footage to work with. When you get home from your Home Depot or Loews trip, organize all of your pictures along with the Home Depot or Loews SKU number of the products. Save them all in one document that you can access and share easily with others. We save ours in Dropbox and in Google Drive and we make a PDF Version. Once you have the total cost of materials, you will be able to separate the cost of labor when you get an estimate from a contractor. For example, if a contractor quotes you $20,000 to do the work on the house, if you know that the materials cost $8,000, then the labor component is $12,000. If you know how long the job will take them, then based on their estimate you can calculate their hourly or daily labor rate. In the above example if labor is $12,000 and the contractor says that they will do the job in 4 weeks, then the labor cost is $3,000 per week. If the contractor has no helper then you can calculate their weekly and hourly rate. Understanding the cost of the materials is very important since you cannot calculate labor if you don’t know how much the materials are costing you. Many of our students have asked me for a list of the materials that I personally use in the houses that I fix and flip. Here is a list of the material list that I personally use and share with my contractors (along with the Home Depot SKU numbers). Click on the Link Below To Download A PDF Version of the materials that I use on my fix and flips. https://www.lexlevinrad.com/materials-that-we-use-for-fixing-and-flipping-houses/ 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 TO MY PODCAST AND PLEASE LEAVE A REVIEW 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
Aug 15, 2018
Materials That We Use For Fixing and Flipping Houses - Audio
00:09:33
We have found that the biggest obstacle to our students buying their first house to fix and flip is having a reliable contractor. We have even found that students sign up for our coaching program just to have access to our contractors! Having good, reliable contractors to work on your houses that you plan on fixing and flipping is very important. On the previous podcast, I spoke about the importance of knowing how to estimate the cost of materials and the costs of labor. If you know how to estimate the cost of materials, then you can figure out the cost of the labor. The best way to learn the cost of materials, is by taking a trip to your local Home Depot or Loews store. We have a Home Depot Bus Trip at our Fixing and Flipping Houses Boot Camp which is held twice a year in South Florida. When you go to Home Depot (or Loews) Take a note pad, pen and calculator with you. Allow yourself around 2 hours to go through each aisle. Go aisle by aisle, and make a list of all of the components for each room of the house. It can be helpful to have a sketch of the house from the property appraiser web site (bring that with you). If you have accurate square footage you can calculate how much tile, paint, and laminate flooring you will need. If you have a measurement of the kitchen and bathrooms, then you can calculate how much your cabinets and counter top will cost and how much bathroom tile you will need. Take pictures of each item that you would be purchasing. If you don’t already have a house in mind, then just use a house you are thinking about making an offer on, and take the sketch from the property appraiser with you so that you have square footage to work with. When you get home from your Home Depot or Loews trip, organize all of your pictures along with the Home Depot or Loews SKU number of the products. Save them all in one document that you can access and share easily with others. We save ours in Dropbox and in Google Drive and we make a PDF Version. Once you have the total cost of materials, you will be able to separate the cost of labor when you get an estimate from a contractor. For example, if a contractor quotes you $20,000 to do the work on the house, if you know that the materials cost $8,000, then the labor component is $12,000. If you know how long the job will take them, then based on their estimate you can calculate their hourly or daily labor rate. In the above example if labor is $12,000 and the contractor says that they will do the job in 4 weeks, then the labor cost is $3,000 per week. If the contractor has no helper then you can calculate their weekly and hourly rate. Understanding the cost of the materials is very important since you cannot calculate labor if you don’t know how much the materials are costing you. Many of our students have asked me for a list of the materials that I personally use in the houses that I fix and flip. Here is a list of the material list that I personally use and share with my contractors (along with the Home Depot SKU numbers). Click on the Link Below To Download A PDF Version of the materials that I use on my fix and flips. https://www.lexlevinrad.com/materials-that-we-use-for-fixing-and-flipping-houses/ 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 TO MY PODCAST AND PLEASE LEAVE A REVIEW 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
Aug 15, 2018
Estimating The Cost Of Repairs - Fixing and Flipping Houses
00:17:38
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/
Aug 12, 2018
Understanding the ARV, and Retail & Wholesale Prices
00:11:25
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.
Aug 11, 2018
Finding Real Estate Deals By Driving For Dollars
00:09:41
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
Aug 10, 2018
Wholesaling and Assigning Contracts How Wholesalers Do It
00:08:16
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
Aug 09, 2018
Having A Sense Of Urgency In Real Estate
00:07:35
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".
Aug 08, 2018
Learn How To Wholesale Real Estate - The Partnership Prog
00:02:23
LEARN HOW TO WHOLESALE REAL ESTATE AND FLIP HOUSES WITH OUR PARTNERSHIP PROGRAM If you want to learn how to wholesale real estate and flip houses, and you are a beginner then you are most likely going to run into 3 major obstacles when you first start out. The first one is cash, and not having the ability to pay cash for a property or have a bank statement showing that you have the cash to pay for a property. We solve that problem by providing you with a proof of funds letter. Your second obstacle is cash buyers. If you get a house under contract, you need to flip it to a cash buyer and if you are new then you probably don’t have many cash buyers (or any). We solve that problem by marketing your deals to our cash buyers. Your third obstacle is how to pay for the funding of the deal. Let’s say you purchase a house for $100,000 and you flip it to a cash buyer for $120,000. You need to have a way to come up with that $100,000 before you can flip the house. We help with that by providing the transactional funding. Our Partnership Program was created out of a need that we saw from our students who came up to us at our boot camp and told us that they were lacking these three things. By providing a proof of fund letter, our marketing to our buyers and our funding, you can flip any house anywhere at any time with our cash. That is the concept behind the Partnership Program. It is our most popular product and we have thousands of students that have attended our Partnership Program from almost every State and from 56 Countries! If you are new to investing in real estate, and you want to learn how to wholesale real estate and flip houses then click on this link to learn more about our Partnership Program: https://www.lexlevinrad.com/partnership-program/
Aug 08, 2018
Learn How To Wholesale Real Estate - The Partnership Prog - Audio
00:02:23
LEARN HOW TO WHOLESALE REAL ESTATE AND FLIP HOUSES WITH OUR PARTNERSHIP PROGRAM If you want to learn how to wholesale real estate and flip houses, and you are a beginner then you are most likely going to run into 3 major obstacles when you first start out. The first one is cash, and not having the ability to pay cash for a property or have a bank statement showing that you have the cash to pay for a property. We solve that problem by providing you with a proof of funds letter. Your second obstacle is cash buyers. If you get a house under contract, you need to flip it to a cash buyer and if you are new then you probably don’t have many cash buyers (or any). We solve that problem by marketing your deals to our cash buyers. Your third obstacle is how to pay for the funding of the deal. Let’s say you purchase a house for $100,000 and you flip it to a cash buyer for $120,000. You need to have a way to come up with that $100,000 before you can flip the house. We help with that by providing the transactional funding. Our Partnership Program was created out of a need that we saw from our students who came up to us at our boot camp and told us that they were lacking these three things. By providing a proof of fund letter, our marketing to our buyers and our funding, you can flip any house anywhere at any time with our cash. That is the concept behind the Partnership Program. It is our most popular product and we have thousands of students that have attended our Partnership Program from almost every State and from 56 Countries! If you are new to investing in real estate, and you want to learn how to wholesale real estate and flip houses then click on this link to learn more about our Partnership Program: https://www.lexlevinrad.com/partnership-program/
Aug 08, 2018
Driving For Dollars - How To Find Houses To Wholesale & Flip
00:12:58
In this video, I show you how I drive for dollars in Pompano Beach, Florida looking for deals on the way to preview a property that is ready to be listed on the MLS. When you are driving for dollars you need to drive slowly (around 15 mph) so that you can notice things like lockboxes on doors of properties (which can be a clue to new listings). You should also be looking for realtor signs to get an idea of how many properties are listed for sale and what has sold recently. For this strategy to be effective you will need to drive for dollars in the same neighborhoods repeatedly in order to notice things. There are some very useful apps that you can use when driving for dollars. One is called Deal Machine and the other is called Send Fuse. You can download these on to your smart phone and when you notice a vacant property you can take a picture of it and have a postcard mailed directly to the owner. Deal machine goes one step further and gives you potential access to the owners phone number (so you can call them). It is also very helpful to have the realtor.com app on your phone so you can see what price properties are listed at when you drive by them. If you consistenly drive for dollars looking for deals, and if you are consistently paying attention to the MLS and inventory levels then you will find deals and have a very good handle of what you could sell a house for in any given neighborhood. Driving for dollars is also fun and a great way to get away from the computer and out into the neighborhoods looking for deals. Try it - you may surprise yourself at the results! 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
Aug 06, 2018
Driving For Dollars - How To Find Houses To Wholesale & Flip - Audio
00:12:58
In this video, I show you how I drive for dollars in Pompano Beach, Florida looking for deals on the way to preview a property that is ready to be listed on the MLS. When you are driving for dollars you need to drive slowly (around 15 mph) so that you can notice things like lockboxes on doors of properties (which can be a clue to new listings). You should also be looking for realtor signs to get an idea of how many properties are listed for sale and what has sold recently. For this strategy to be effective you will need to drive for dollars in the same neighborhoods repeatedly in order to notice things. There are some very useful apps that you can use when driving for dollars. One is called Deal Machine and the other is called Send Fuse. You can download these on to your smart phone and when you notice a vacant property you can take a picture of it and have a postcard mailed directly to the owner. Deal machine goes one step further and gives you potential access to the owners phone number (so you can call them). It is also very helpful to have the realtor.com app on your phone so you can see what price properties are listed at when you drive by them. If you consistenly drive for dollars looking for deals, and if you are consistently paying attention to the MLS and inventory levels then you will find deals and have a very good handle of what you could sell a house for in any given neighborhood. Driving for dollars is also fun and a great way to get away from the computer and out into the neighborhoods looking for deals. Try it - you may surprise yourself at the results! 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
Aug 06, 2018
Driving For Dollars - How To Find Houses To Wholesale & Flip
00:12:58
In this video, I show you how I drive for dollars in Pompano Beach, Florida looking for deals on the way to preview a property that is ready to be listed on the MLS. When you are driving for dollars you need to drive slowly (around 15 mph) so that you can notice things like lockboxes on doors of properties (which can be a clue to new listings). You should also be looking for realtor signs to get an idea of how many properties are listed for sale and what has sold recently. For this strategy to be effective you will need to drive for dollars in the same neighborhoods repeatedly in order to notice things. There are some very useful apps that you can use when driving for dollars. One is called Deal Machine and the other is called Send Fuse. You can download these on to your smart phone and when you notice a vacant property you can take a picture of it and have a postcard mailed directly to the owner. Deal machine goes one step further and gives you potential access to the owners phone number (so you can call them). It is also very helpful to have the realtor.com app on your phone so you can see what price properties are listed at when you drive by them. If you consistenly drive for dollars looking for deals, and if you are consistently paying attention to the MLS and inventory levels then you will find deals and have a very good handle of what you could sell a house for in any given neighborhood. Driving for dollars is also fun and a great way to get away from the computer and out into the neighborhoods looking for deals. Try it - you may surprise yourself at the results! 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
Aug 06, 2018
Driving For Dollars - How To Find Houses To Wholesale & Flip - Audio
00:12:58
In this video, I show you how I drive for dollars in Pompano Beach, Florida looking for deals on the way to preview a property that is ready to be listed on the MLS. When you are driving for dollars you need to drive slowly (around 15 mph) so that you can notice things like lockboxes on doors of properties (which can be a clue to new listings). You should also be looking for realtor signs to get an idea of how many properties are listed for sale and what has sold recently. For this strategy to be effective you will need to drive for dollars in the same neighborhoods repeatedly in order to notice things. There are some very useful apps that you can use when driving for dollars. One is called Deal Machine and the other is called Send Fuse. You can download these on to your smart phone and when you notice a vacant property you can take a picture of it and have a postcard mailed directly to the owner. Deal machine goes one step further and gives you potential access to the owners phone number (so you can call them). It is also very helpful to have the realtor.com app on your phone so you can see what price properties are listed at when you drive by them. If you consistenly drive for dollars looking for deals, and if you are consistently paying attention to the MLS and inventory levels then you will find deals and have a very good handle of what you could sell a house for in any given neighborhood. Driving for dollars is also fun and a great way to get away from the computer and out into the neighborhoods looking for deals. Try it - you may surprise yourself at the results! 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
Aug 06, 2018
How To Fix and Flip Houses | Learn How To Fix & Flip Houses
00:00:57
Do you want to learn how to fix and flip houses? Fixing and Flipping Houses is not as difficult as you think it might be (although it is not as dramatic as the house flipping shows on TV will have you believe). In order to fix and flip a house you only really need a few ingredients. Number one is you need a house, and that is the most difficult part (to find houses). However luckily there are these people called "wholesalers" who specialize in finding houses and if you want to fix and flip houses for a living then these wholesalers are going to be a great source of deals for you. However you will need to know how to seperate the good deals from the bad deals. You will need some kind of system. We teach this system at our Fixing and Flipping Houses Boot Camp. Essentially you need to know: 1. What you can sell the house for after you have remodeled it 2. What it will cost to repair the house 3. What the most you would be willing to pay (to make a reasonable profit) Number 3 above is very subjective (meaning it is dependent on the individual and not on the house). Why? Because if you have cash sitting in your checking account or your parent is loaning you the funds then your cost of borrowing that money is very low or even zero. Since you have no interest cost, points, fees etc you can afford to pay more for the house. However if you have to borrow money from a private lender and pay points and fees then in addition to much larger up front costs, you will also have the recurring interest cost that you will have to pay until the house is sold. If you are borrowing from a hard money lender or private lender then you will need to be much more selective on which deals make sense. Another key factor in fixing and flipping houses is how many deals you can do at a time. If your cost of capital (money) is zero (let's say you have a wealthy relative who will loan you the money interest free) then you will be able to do multiple fix and flips at the same time (and make a lot more money). However if your finances are very constrained, then you will only be able to do one fix and flip project at a time. The biggest mistake I see beginners make is being under capitalized which is not a good way to start fixing and flipping. You are better off saving up your money and learning how to wholesale and establishing relationships with rehabbers in your market until you are capitalized enough to do your own fix and flips and can tap into the resources of your customers and their contacts and contractors. Don't be greedy. Learn how this business works before you start borrowing lots of money from lenders. However, having said that, if the right deal comes along and your finances are in place then don't let fear stop you. Many times you will be better off partnering with someone that does have cash where you agree to do the work and they agree to be a passive investor. This can be a win with scenario for both investors. All of our students that are now fixing and flipping houses got their start and introduction to fixing and flipping real estate at the Fixing and Flipping Houses Boot Camp. This fixing and flipping boot camp is perfect for beginners who know absolutely nothing (or very little) about how to get started fixing and flipping real estate. What we have found with our students is that most of them have a limited basic knowledge of wholesaling and how to find houses. But not enough information in order to put all of the pieces together to learn how to fix and flip their first house (and make money). At the Fixing and Flipping Houses Boot Camp we close that gap by teaching you a step by step process for how to fix and flip real estate. 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
Aug 02, 2018
How To Fix and Flip Houses | Learn How To Fix & Flip Houses - Audio
00:00:57
Do you want to learn how to fix and flip houses? Fixing and Flipping Houses is not as difficult as you think it might be (although it is not as dramatic as the house flipping shows on TV will have you believe). In order to fix and flip a house you only really need a few ingredients. Number one is you need a house, and that is the most difficult part (to find houses). However luckily there are these people called "wholesalers" who specialize in finding houses and if you want to fix and flip houses for a living then these wholesalers are going to be a great source of deals for you. However you will need to know how to seperate the good deals from the bad deals. You will need some kind of system. We teach this system at our Fixing and Flipping Houses Boot Camp. Essentially you need to know: 1. What you can sell the house for after you have remodeled it 2. What it will cost to repair the house 3. What the most you would be willing to pay (to make a reasonable profit) Number 3 above is very subjective (meaning it is dependent on the individual and not on the house). Why? Because if you have cash sitting in your checking account or your parent is loaning you the funds then your cost of borrowing that money is very low or even zero. Since you have no interest cost, points, fees etc you can afford to pay more for the house. However if you have to borrow money from a private lender and pay points and fees then in addition to much larger up front costs, you will also have the recurring interest cost that you will have to pay until the house is sold. If you are borrowing from a hard money lender or private lender then you will need to be much more selective on which deals make sense. Another key factor in fixing and flipping houses is how many deals you can do at a time. If your cost of capital (money) is zero (let's say you have a wealthy relative who will loan you the money interest free) then you will be able to do multiple fix and flips at the same time (and make a lot more money). However if your finances are very constrained, then you will only be able to do one fix and flip project at a time. The biggest mistake I see beginners make is being under capitalized which is not a good way to start fixing and flipping. You are better off saving up your money and learning how to wholesale and establishing relationships with rehabbers in your market until you are capitalized enough to do your own fix and flips and can tap into the resources of your customers and their contacts and contractors. Don't be greedy. Learn how this business works before you start borrowing lots of money from lenders. However, having said that, if the right deal comes along and your finances are in place then don't let fear stop you. Many times you will be better off partnering with someone that does have cash where you agree to do the work and they agree to be a passive investor. This can be a win with scenario for both investors. All of our students that are now fixing and flipping houses got their start and introduction to fixing and flipping real estate at the Fixing and Flipping Houses Boot Camp. This fixing and flipping boot camp is perfect for beginners who know absolutely nothing (or very little) about how to get started fixing and flipping real estate. What we have found with our students is that most of them have a limited basic knowledge of wholesaling and how to find houses. But not enough information in order to put all of the pieces together to learn how to fix and flip their first house (and make money). At the Fixing and Flipping Houses Boot Camp we close that gap by teaching you a step by step process for how to fix and flip real estate. 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
Aug 02, 2018
How To Wholesale Real Estate and Flip Houses
00:01:47
Do you want to learn how to wholesale real estate and flip houses? Are you looking for a wholesale real estate step by step guide that can help you learn how to flip houses? I have personally helped teach thousands of students how to wholesale real estate and I can teach you too. We have a Wholesaling Real Estate Boot Camp which is held twice a year in South Florida. It's called the Distressed Real Estate Boot Camp. I have had thousands of students enroll in my boot camp and learn how to wholesale. We have been teaching wholesaling for more than 10 years (since 2008) and our students have flipped thousands of houses all over the US. We have students from almost every state and from over 56 countries that have attended our training's. I can teach you how to flip houses from anywhere. All of our students that are flipping houses got their start and introduction to wholesaling real estate and flipping houses at the Distressed Real Estate Boot Camp. This wholesaling boot camp is perfect for beginners who know absolutely nothing (or very little) about how to get started wholesaling real estate. What we have found with our students is that most of them have a limited basic knowledge of wholesaling and flipping houses. But not enough information in order to put all of the pieces together to learn how to wholesale their first deal and flip their first house (and get paid). At the Distressed Real Estate Boot Camp we close that gap by teaching you a step by step process for how to wholesale real estate. If you are brand new to real estate and want to learn more about how to wholesale real estate and how to start flipping houses then register for the free flipping houses training at this link: https://www.lexlevinrad.com/webinar
Jul 31, 2018
How To Wholesale Real Estate and Flip Houses - Audio
00:01:47
Do you want to learn how to wholesale real estate and flip houses? Are you looking for a wholesale real estate step by step guide that can help you learn how to flip houses? I have personally helped teach thousands of students how to wholesale real estate and I can teach you too. We have a Wholesaling Real Estate Boot Camp which is held twice a year in South Florida. It's called the Distressed Real Estate Boot Camp. I have had thousands of students enroll in my boot camp and learn how to wholesale. We have been teaching wholesaling for more than 10 years (since 2008) and our students have flipped thousands of houses all over the US. We have students from almost every state and from over 56 countries that have attended our training's. I can teach you how to flip houses from anywhere. All of our students that are flipping houses got their start and introduction to wholesaling real estate and flipping houses at the Distressed Real Estate Boot Camp. This wholesaling boot camp is perfect for beginners who know absolutely nothing (or very little) about how to get started wholesaling real estate. What we have found with our students is that most of them have a limited basic knowledge of wholesaling and flipping houses. But not enough information in order to put all of the pieces together to learn how to wholesale their first deal and flip their first house (and get paid). At the Distressed Real Estate Boot Camp we close that gap by teaching you a step by step process for how to wholesale real estate. If you are brand new to real estate and want to learn more about how to wholesale real estate and how to start flipping houses then register for the free flipping houses training at this link: https://www.lexlevinrad.com/webinar
Jul 31, 2018
Bandit Signs 101 - How To Market To Motivated Sellers
00:04:41
In this video, I talk about using bandit signs for marketing to motivated sellers. We have experimented with many colors over the years and we have found the best results (most calls) with yellow signs and black writing and a large phone number (with no website). Printed signs seem to work really well for motivated sellers. However for cash buyers we have found that they are more likely to call a handwritten sign.
Jul 31, 2018
Bandit Signs 101 - How To Market To Motivated Sellers - Audio
00:04:41
In this video, I talk about using bandit signs for marketing to motivated sellers. We have experimented with many colors over the years and we have found the best results (most calls) with yellow signs and black writing and a large phone number (with no website). Printed signs seem to work really well for motivated sellers. However for cash buyers we have found that they are more likely to call a handwritten sign.
Jul 31, 2018
Motivated Seller Appointments
00:34:39
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
Jan 19, 2018
Investing in Distressed Real Estate Part Three
00:17:53
This is the third podcast in a 3 part series about investing called “Investing In Distressed Real Estate”. On this podcast, I talk about short sales, the short sale process, how to negotiate short sales 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 podcast as well.
Oct 05, 2017
Investing in Distressed Real Estate Part Two
00:28:07
This is the second lesson in a 3 part series on investing called “Investing In Distressed Real Estate”. On this podcast, we learn about another type of distressed seller – the seller who is about to go into foreclosure or who is already in foreclosure. We learn about the 3 different stages of foreclosure, the foreclosure process and how properties ultimately become bank owned properties when the bank buys them back at the auction. At that point they become REO's. Once they are at the REO which stands for Real Estate Owned stage then investors can purchase these properties. However all offers have to be cash only. Enjoy the podcast.
Sep 28, 2017
Investing in Distressed Real Estate Part One
00:27:09
On this podcast I talk about investing in Distressed Real Estate. This is the first in a 3 part series about investing in distressed real estate. If you want to learn how to wholesale real estate or fix and flip houses then it will help you if you understand what makes a seller motivated, why distressed real estate exists, what makes a seller distressed and why sellers would sell their house for way less than market value.
Aug 28, 2017
Introduction To Fixing and Flipping Houses
00:03:04
In this video Lex shows you before and after pictures of houses that he is fixing and flipping along with the standard materials and final look that he uses on all his fix and flips.
Jul 18, 2017
Introduction To Fixing and Flipping Houses - Audio
00:03:04
In this video Lex shows you before and after pictures of houses that he is fixing and flipping along with the standard materials and final look that he uses on all his fix and flips.
Jul 18, 2017
How to find properties to flip on realtor.com
00:17:42
In this video I show you how to use the website realtor.com to search for properties online.
Mar 06, 2017
How to find properties to flip on realtor.com - Audio
00:17:42
In this video I show you how to use the website realtor.com to search for properties online.
Mar 06, 2017
How To Use Zillow To Find Pre Foreclosure Leads
00:06:25
In this video i show you how to use the website zillow.com to find pre foreclosure and for sale by owner leads.
Feb 27, 2017
How To Use Zillow To Find Pre Foreclosure Leads - Audio
00:06:25
In this video i show you how to use the website zillow.com to find pre foreclosure and for sale by owner leads.
Feb 27, 2017
Learn How To Flip Houses
00:07:20
The Distressed Real Estate Institute holds a 3 day Distressed Real Estate Boot Camp twice a year in South Florida. The boot camp teaches new investors how to flip houses and wholesale real estate. This video shows footage from the Distressed Real Estate Boot Camp as well as interviews with successful coaching students.
Feb 20, 2017
Learn How To Flip Houses - Audio
00:07:20
The Distressed Real Estate Institute holds a 3 day Distressed Real Estate Boot Camp twice a year in South Florida. The boot camp teaches new investors how to flip houses and wholesale real estate. This video shows footage from the Distressed Real Estate Boot Camp as well as interviews with successful coaching students.
Feb 20, 2017
Bandit Signs 101 - Marketing To Distressed Sellers
00:05:35
In this brief training video Lex shows you how to use bandit signs to market for Distressed Sellers
Jan 02, 2017
How To Be More Productive
00:21:40
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.
Dec 18, 2016
Thoughts Become Actions
00:40:27
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.
Dec 02, 2016
Creating Systems For Your Real Estate Business
00:25:59
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.
Feb 28, 2016
Lex Levinrad Explains The 16 Laws Of Success
00:14:43
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.
Feb 27, 2016
What Are You Doing To Get Leads?
00:10:24
On this podcast episode Lex talks about leads and what you need to be doing to get leads for investing in real estate.
Jan 11, 2016
Estimating the Cost of Repairs
00:22:54
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
Dec 22, 2015
Investing in Distressed Real Estate Part 3
00:17:53
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.
Nov 10, 2015
Investing in Distressed Real Estate Part 2
00:28:07
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.
Nov 10, 2015
Historic Opportunity To Buy Bank Owned Properties
In this brief video which was recorded at the Distressed Real Estate Boot Camp, Lex is passionately expressing to his students why he believes buying bank owned REO properties right now is such a historic opportunity for investors.
Nov 10, 2015
Introduction To Our Partnership Program
00:04:05
In this video Lex Levinrad explains the Distressed Real Estate Institute Partnership Program, how it works and why it is beneficial for students who want to wholesale and flip properties.
Nov 02, 2015
Introduction To Our Partnership Program - Audio
00:04:05
In this video Lex Levinrad explains the Distressed Real Estate Institute Partnership Program, how it works and why it is beneficial for students who want to wholesale and flip properties.
Nov 02, 2015
Investing in Distressed Real Estate Part 1
00:27:09
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.
Oct 30, 2015
Lex Levinrad Being Interviewed By Kerry Lutz On FSN
00:25:09
Lex Levinrad Being Interviewed By Kerry Lutz On The Financial Survival Network About Flipping Properties In Florida
Nov 08, 2013
Audio interview on the Financial Survival Network with Kerry
00:20:16
Audio interview on the Financial Survival Network with Kerry Lutz and Lex Levinrad
Jun 18, 2013
Audio Interview With Randy Hughes Mr Land Trust
00:11:29
Lex Levinrad audio interview with Randy Hughes aka "Mr Land Trust" talking about using land trusts for investing in real estate.
May 30, 2013
Lex Levinrad being interviewed on FOX News Radio 1460 KION “Morn
00:12:51
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.
Dec 19, 2012
Lex Levinrad & Joe McCall Talk About Wholesaling Lease Options
Lex Levinrad Talks With Joe McCall About Upcoming Webinar About Wholesaling Lease Options
Dec 19, 2012
Introduction To Fixing And Flipping Bank Owned Properties
00:25:15
Lex Levinrad gives a brief introduction to fixing and flipping bank owned properties and short sales in this podcast.
May 10, 2012
How To Make Money Fixing And Flipping Bank Owned Properties
00:33:48
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
Feb 27, 2012
Lex Levinrad Interview About Distressed Real Estate
00:10:03
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
Feb 21, 2012
Lex Levinrad Interviews Omar Periu
Lex Levinrad talking with Omar Periu "From Zero To Wealth" and the upcoming presentation at the Distressed Real Estate Investor's Association. For more info about the Distressed Real Estate Investor's Association and our monthly real estate club meetings please visit http://www.distressedreia.com or call 561-948-2127
Jan 25, 2012
Setting Realistic Real Estate Goals For 2012
Lex Levinrad talks about setting realistic real estate goals for 2012.
Dec 27, 2011
Lex Levinrad Double Closings on Bank Owned Properties
00:08:30
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.
May 17, 2011
Lex Levinrad Discusses Double Closings
00:07:29
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.
Feb 17, 2011
Lex Levinrad Discusses Double Closings
00:07:29
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.
Feb 17, 2011
Lex Levinrad Introduction To Blogging For Beginners
Lex Levinrad introdution to blogging for beginners that are not familiar with blogging. Lex discusses what blogging is and how it can be beneficial for real estate investors.
Dec 24, 2010
Lex Levinrad and David Dweck - Real Estate Strategies For 2011
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.
Dec 24, 2010