OwlTail

Cover image of Investing In Real Estate With Lex Levinrad

Investing In Real Estate With Lex Levinrad

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.

Weekly hand curated podcast episodes for learning

Popular episodes

All episodes

The best episodes ranked using user listens.

Podcast cover

Getting Started in Real Estate

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 TRAININGhttps://www.lexlevinrad.com/webinarFIXING AND FLIPPING TRAININGIf 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/fixandflipwebinarDON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATESSUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1CONNECT WITH ME ONLINEhttp://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/+LexLevinradrealestateDOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIESFor 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

40mins

21 Dec 2018

Rank #1

Podcast cover

Rental Property Investing For Beginners

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

8mins

4 Nov 2019

Rank #2

Similar Podcasts

Podcast cover

How To Get Started In Real Estate

On this podcast episode I talk about how to get started investing in real estate. I see so many people that want to learn how to get started investing in real estate, but don't know what to do to get started. I find that it helps if you can break down your ultimate goal (financial freedom) in order to create a process of workable steps that can help you achieve your vision of where you want to be in the future.On this episode we speak about the financial freedom number of $10,000 per month in passive income. I have found many of my students mentioning this number of $10,000 as the amount of money that they would need per month in order to live comfortably without having a job. That is why we call it the financial freedom number. It's the amount of money you need per month to be free of a boss and a job and to be able to live your life on your terms. That is the ultimate goal. If you can achieve that goal then you will be free. I discuss how you can easily achieve this goal by putting together a 15 year plan to own 5 houses free and clear in 15 years. If each one of those houses rents for $2,000 per month then you will have $10,000 per month in passive income. I then talk about the steps that would be necessary for you to take to make this goal achievable. We talk about how you would need to learn how to find houses at a deep discount of at least 20% to market value in order to capture equity on every purchase.And how you would need to market to motivate sellers in order to find these types of houses at a discount. And why to get started, your best bet is to FIRST LEARN HOW TO FIND THESE HOUSES. And the best way to learn how to find these houses is by learning how to wholesale. If you are willing to look at the big picture (financial freedom), then you are able to understand that the small steps are building blocks that you will need to take to achieve your goal. STEPS1. learn how to find houses at discounts2. make money wholesaling these houses3. Build up your capital by saving this money until you can buy rental properties4. Find rental properties at 80% or less (all in) 5. Buy, repair, rent and refinance these houses6. Keep the houses until you own them free and clear with no mortgageIf you do the above, you will be very wealthy!If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAININGhttps://www.lexlevinrad.com/webinarFIXING AND FLIPPING TRAININGIf 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/fixandflipwebinarDON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATESSUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1CONNECT WITH ME ONLINEhttp://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/lexlevinradDOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIESFor 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

29mins

5 Jan 2020

Rank #3

Podcast cover

How To Get Started Wholesaling Houses Part 2

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

55mins

10 May 2019

Rank #4

Most Popular Podcasts

Podcast cover

How To Get Started Wholesaling Houses

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

38mins

25 Apr 2019

Rank #5

Podcast cover

How To Change Your Mindset

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

39mins

28 May 2019

Rank #6

Podcast cover

Getting Started As A Wholesaler

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

44mins

23 Jan 2019

Rank #7

Podcast cover

Understanding ARV and Calculating Your Offer Price

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

48mins

24 Jan 2019

Rank #8

Podcast cover

Buying Rental Properties

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

39mins

14 Jun 2019

Rank #9

Podcast cover

Raising Private Money

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 TRAININGhttps://www.lexlevinrad.com/webinarFIXING AND FLIPPING TRAININGIf 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/fixandflipwebinarDON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATESSUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1CONNECT WITH ME ONLINEhttp://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/+LexLevinradrealestateDOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIESFor 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

38mins

28 Dec 2018

Rank #10

Podcast cover

Wholesaling Real Estate 101

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

42mins

30 Oct 2019

Rank #11

Podcast cover

How To Get Started Fixing and Flipping Houses

On this podcast episode, I talk about the key components that you need in order to get started fixing and flipping houses.THESE KEY COMPONENTS ARE:*Finding A House To Fix & Flip*Estimating After Repair Value*Estimating Repairs & Materials*Calculating Your Profit Margin*Finding a Private or Hard Money Lender*Having a Contractor To Fix The HouseOn this podcast episode, I dig deeper into some of these topics and show you why the most important basic foundation for fixing and flipping is to understand what the house will sell for (After Repair Value). The other key component is what it will cost to repair the house (labor and materials).If you know the answer to the After Repair Value, and you know the Repair Estimate, then it is relatively easy for you to plug those two variables into a calculator and figure out your potential profit on the fix and flip. Here is a free tool that I created for my students to use to estimate the profit margin on fix and flips:https://www.lexlevinrad.com/rehab-property-calculator You can also download the Rehab Property Calculator as an App for your phone in the Google Play and iTunes App store for free by searching for "Rehab Property Calculator".For the types of materials that I personally use on my fix and flips you can visit this link to get the materials and components that we use from Home Depot along with the SKU's: https://lexlevinrad.com/materialsIf 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 TRAININGhttps://www.lexlevinrad.com/webinarFIXING AND FLIPPING TRAININGIf 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/fixandflipwebinarDON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATESSUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1CONNECT WITH ME ONLINEhttp://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/lexlevinradDOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIESFor 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

50mins

30 Aug 2019

Rank #12

Podcast cover

How To Create Wealth

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

20mins

16 Dec 2019

Rank #13

Podcast cover

Rentals Will Make You Rich

On today's podcast episode I talk about an example of a property which was based on a video that I uploaded to my YouTube channel yesterday called "Buy, Rent, Repair and Refinance". You can see that video here: https://youtu.be/KfLPeO6U52EI received quite a few questions from students of mine (and from new investors that are not yet students) asking me to elaborate on this and explain the numbers and how it works in more detail. So I created this podcast episode especially for those of you looking for a greater understanding of how this works and a more detailed explanation of the numbers.In this example my student Mark purchased the house for $116,000 and I gave him a loan of $106,000. His down payment was $10,000 and I loaned him the rest of the money. Now Mark wants to fix and flip this house. But I want to show you an even easier strategy than fixing and flipping which is way less risky. It's called the BRRR Strategy (which stands for Buy, Repair, Rent and Refinance).This strategy is overlooked by almost everyone. And you want to know why? Because everyone wants to make money RIGHT NOW. No one wants to be rich in the future. Everyone wants to be rich now. The reality of life is that it doesn't work like that. The real wealth is made in sitting and holding on to your investments (Warren Buffett said that). I have houses that I purchased for $35,000 in 2009 that are now worth $225,000. I just sat on them for 10 years and basically did nothing. I was lucky enough to buy them right at the bottom of the market (when no one wanted to buy at the height of the financial crisis). I borrowed the money from private lenders and then I repaired the properties, rented them out and refinanced. I utilized this BRRR strategy with every one of those houses that I purchased. And you could too. I run through the numbers on this house showing you how much money out of pocket you as an investor would need to do this deal ($21,400)I show you the breakdown:$10,000 down payment$10,000 in repairs$5,000 in Points and FeesLess $3,600 for first last and securityYour Net Out of Pocket $21,400I explain how you can appraise this property for $160,000 and refinance it and after all fees get back $123,00. You can pay off the $106,000 hard money loan and be left with $17,000. If you deduct this $17,000 from the $21,400 net cash out of your pocket (after refinancing) you are only out $4,400. And you control a $160,000 house with just $4,400 out of pocket. And you have $32,000 in equity in that house since it appraised for $160,000 and you owe the bank $128,000. You have effectively turned $4,400 into $32,000. And if you just sit on that house for 15 years and get a 15 year mortgage it will double in value and you will own it free and clear. And in 15 years the rents will double too. I also speak about the long term growth potential of rental properties and how single family rental properties will make you rich. I recommend that you have a pen and paper handy to write down the numbers on a notepad so you can visualize it and see for yourself. If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAININGhttps://www.lexlevinrad.com/webinarFIXING AND FLIPPING TRAININGIf 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/fixandflipwebinarDON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATESSUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1CONNECT WITH ME ONLINEhttp://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/lexlevinradDOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PR

24mins

14 Jul 2019

Rank #14

Podcast cover

How To Make Money Fixing And Flipping Bank Owned Properties

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

33mins

27 Feb 2012

Rank #15

Podcast cover

How To Build Your Cash Buyer's List Part 2

This podcast episode is part 2 of "How To Build Your Cash Buyer's List". Please listen to part 1 before listening to this part 2 episode on building your cash buyer's list.On this podcast episode I continue where we ended off on the previous episode. I talk about more strategies of how to build your cash buyer's list and find cash buyer's by using:* The MLS to find cash buyers on past sales* Data mining lists for cash buyers* Using Linked In and Facebook Groups* Direct Mail to Cash Buyers* In the field talking to contractors* Virtual assistants scraping past sales data* Comparable Sales report showing cash sales* Your website If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAININGhttps://www.lexlevinrad.com/webinarFIXING AND FLIPPING TRAININGIf 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/fixandflipwebinarDON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATESSUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1CONNECT WITH ME ONLINEhttp://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/+LexLevinradrealestateDOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIESFor 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

28mins

16 Apr 2019

Rank #16

Podcast cover

Introduction To Fixing And Flipping Bank Owned Properties

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

25mins

10 May 2012

Rank #17

Podcast cover

Wholesale Real Estate Versus Retail Real Estate

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

24mins

7 Dec 2019

Rank #18

Podcast cover

How To Buy Houses With No Money Down

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

36mins

23 Aug 2019

Rank #19

Podcast cover

Why Debt Will Make You Wealthy

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

26mins

12 Mar 2019

Rank #20