On today's podcast I talk about creating a life of financial freedom.  I think this is a very approriate time for me to be talking about this becauase last week I returned from a two month trip to the Bahamas where I was living on my catamaran.  I was interviewed by my students Fred and Andy on Sunday night on an IG Live that they were hosting, and one of their main questions on that interview revolved around how to create financial freedom, and what it means to build your life by design and to have a freedom lifestyle.   But their real question was "How do you manage to be off the grid in the Bahamas for two months and still have your real estate business run so efficiently? So I thought I would talk about this concept of financial freedom on today's podcast episode.  Building a life by design means having intent in how you want to live your life, and then creating that life and that lifestlye by purposely planning for it. Learning how to invest in real estate and building a real estate business that buys and sells real estate is the best vehicle to help you achieve financial freedom.  If you have any questions, leave them in the comments. Enjoy the podcast!

On today's podcast I talk about creating a life of financial freedom.  I think this is a very approriate time for me to be talking about this becauase last week I returned from a two month trip to the Bahamas where I was living on my catamaran.  I was interviewed by my students Fred and Andy on Sunday night on an IG Live that they were hosting, and one of their main questions on that interview revolved around how to create financial freedom, and what it means to build your life by design and to have a freedom lifestyle.   But their real question was "How do you manage to be off the grid in the Bahamas for two months and still have your real estate business run so efficiently? So I thought I would talk about this concept of financial freedom on today's podcast episode.  Building a life by design means having intent in how you want to live your life, and then creating that life and that lifestlye by purposely planning for it. Learning how to invest in real estate and building a real estate business that buys and sells real estate is the best vehicle to help you achieve financial freedom.  If you have any questions, leave them in the comments. Enjoy the podcast!

Creating A Life of Financial Freedom

On today's podcast episode, I talk about the current state of the real estate market and where I think the market is heading.  One of the questions I get asked the most is "what do you think of the market right now" or "do you think the real estate market will crash. This podcast episode answers those questions.  Disclaimer: I cannot predict what will happen. No one can. There are too many unknown variables like war, interest rates, the Fed, the dollar, stock and bond markets, etc. However what I can tell you is my opinion on what I see and how I interpret it. That is what this episode is about.  Prices have moved exponentially higher. I was looking today at houses that were worth $150,000 in 2000 that are now on the MLS at $300,000. In many markets, prices have doubled in two years. So be very careful of listening to the "Case Shiller Home Price Index" and other data that is put out by mainstream companies because a lot of this data is skewed because it's an "average" or "median" of the entire country. Different cities and different States have completely different demographics, population growth, job growth and demand (or supply). Averaging this data gives us a big picture. But we cannot invest in our local market with data based on the entire U.S. Real estate is local. If my market is Port St Lucie, FL I am not interested in what is happening in Phoenix, Seattle, San Diego or Philadelphia. I doubt prices in Buffalo or North Dakota doubled in the past two years. Because no one is moving there. But people are moving to Florida. Florida has been hot and Covid exacerbated that. The past two years have been absolutely insane and it seems like everyone in the U.S. was trying to move to Florida. For that reason many people that are local do not see a problem in our local market. However based on my own research I am seeing some cracks forming.  What I am seeing on the ground is a little disturbing. 1/4 of the listings of the homes on the MLS in some cities are new construction homes built by builders in the past few years. Many of these were "build to rent" homes which were supposed to be purchased by hedge funds and private equity funds (and home buyers). But demand has dried up. No one predicted that rates would move from 3% to 6 1/2%. So these builders are sitting on excess inventory and have had to slash prices. At the same time, their biggest buyers are drying up too. Many of the largest single family home buyer funds are not buying any more and have ceased their buying operation until they can get a handle on this market (and their inventory). Offerpad, Open Door and other iBuyers are hurting. Some of these operations even have going concern situations (Offerpad just dropped below $1 a share today). Invitation Homes and American Homes For Rent and most of the large Hedge funds have stopped buying too. They stopped buying around July/August of last year. Some only stopped buying at the end of last year. Now they know there is a problem. So if the largest private equity and hedge funds, titans like Invitation Homes and American Homes for rent are not buying then what are they doing. According to my research they are selling. They are reducing the homes on their balance sheet and they are increasing cash reserves because they know what is coming. Goldman Sachs put out a report just last week of 4 cities that could see a 2008 type of decline. Those were San Diego, Phoenix, San Jose, and Austin. None of those cities are in Florida, but often when troubles start in hot markets like Phoenix, that pain spreads to other cities and towns (and States). And prices being marked down affects their balance sheet, their financing and how much lenders are willing to lend. It looks to me like the smart money (Wall Street) is not buying houses and is selling houses. So So my question is who is going to buy all of these houses? The first time home buyer has seen rates moved from 3% to 61/2% in the past 12 months. The average home buyer has sticker shock when they see what their mortgage payment will be. They simply cannot afford it. So either rates have to come down or prices have to come down. Listening to the Fed Chairmen Powell, I don't think rates will come down too much. He says rates are going up (he said that yesterday). So do I foresee a price decline? You bet I do. I see prices that are already down 10% to 15% in my local market. The Core Logic Us Home Price Insights Report (which came out yesterday) shows a that home prices increased 6.9% from 2021 to 2022. That data tells us nothing about what prices have done in the past 6 months. Prices could have gone up 16% and then dropped 10% resulting in a  6.9% year over year increase. In my local market I see declines at 10% to 15%. New home builders have slashed the prices of new homes from $420,000 to $380,000 in just the last 3 months. That's a 10% decline. Core Logic says prices will down 3% for the next 12 months. I would really like to believe that - but I don't. I think it's more likely that they are down that amount in 1 month! Be careful in this market. Pay attention to what the home builders are doing and how they are pricing their new homes. If the prices of new homes are being marked down, then what does that do to the price of existing older homes?  Watch the iBuyers and whether or not they start buying again and whether or not some of them go out of business. That will affect demand and supply. Listen to the earnings calls of the large publicly traded companies and read their reports and what is written in them. Pay attention to details. I believe that prices will come down and that 2023 and 2024 will be a great time to buy real estate. At some point the Fed is going to have to pivot and start lowering rates again. And when they do (whenever that is) it will be the start of another run up in real estate prices. And the hedge funds and private equity funds will be ready to pounce. So Be patient. Wait for the right price and then when you see deals that make sense buy them. Buy anything that will cash flow for you. And don't forget to keep an eye on interest rates. These new homes if they decline another 10% to 15% would look like really good long term buys to me. Keep an eye on that and their prices (and price per square foot).

On today's podcast episode, I talk about the current state of the real estate market and where I think the market is heading.  One of the questions I get asked the most is "what do you think of the market right now" or "do you think the real estate market will crash. This podcast episode answers those questions.  Disclaimer: I cannot predict what will happen. No one can. There are too many unknown variables like war, interest rates, the Fed, the dollar, stock and bond markets, etc. However what I can tell you is my opinion on what I see and how I interpret it. That is what this episode is about.  Prices have moved exponentially higher. I was looking today at houses that were worth $150,000 in 2000 that are now on the MLS at $300,000. In many markets, prices have doubled in two years. So be very careful of listening to the "Case Shiller Home Price Index" and other data that is put out by mainstream companies because a lot of this data is skewed because it's an "average" or "median" of the entire country. Different cities and different States have completely different demographics, population growth, job growth and demand (or supply). Averaging this data gives us a big picture. But we cannot invest in our local market with data based on the entire U.S. Real estate is local. If my market is Port St Lucie, FL I am not interested in what is happening in Phoenix, Seattle, San Diego or Philadelphia. I doubt prices in Buffalo or North Dakota doubled in the past two years. Because no one is moving there. But people are moving to Florida. Florida has been hot and Covid exacerbated that. The past two years have been absolutely insane and it seems like everyone in the U.S. was trying to move to Florida. For that reason many people that are local do not see a problem in our local market. However based on my own research I am seeing some cracks forming.  What I am seeing on the ground is a little disturbing. 1/4 of the listings of the homes on the MLS in some cities are new construction homes built by builders in the past few years. Many of these were "build to rent" homes which were supposed to be purchased by hedge funds and private equity funds (and home buyers). But demand has dried up. No one predicted that rates would move from 3% to 6 1/2%. So these builders are sitting on excess inventory and have had to slash prices. At the same time, their biggest buyers are drying up too. Many of the largest single family home buyer funds are not buying any more and have ceased their buying operation until they can get a handle on this market (and their inventory). Offerpad, Open Door and other iBuyers are hurting. Some of these operations even have going concern situations (Offerpad just dropped below $1 a share today). Invitation Homes and American Homes For Rent and most of the large Hedge funds have stopped buying too. They stopped buying around July/August of last year. Some only stopped buying at the end of last year. Now they know there is a problem. So if the largest private equity and hedge funds, titans like Invitation Homes and American Homes for rent are not buying then what are they doing. According to my research they are selling. They are reducing the homes on their balance sheet and they are increasing cash reserves because they know what is coming. Goldman Sachs put out a report just last week of 4 cities that could see a 2008 type of decline. Those were San Diego, Phoenix, San Jose, and Austin. None of those cities are in Florida, but often when troubles start in hot markets like Phoenix, that pain spreads to other cities and towns (and States). And prices being marked down affects their balance sheet, their financing and how much lenders are willing to lend. It looks to me like the smart money (Wall Street) is not buying houses and is selling houses. So So my question is who is going to buy all of these houses? The first time home buyer has seen rates moved from 3% to 61/2% in the past 12 months. The average home buyer has sticker shock when they see what their mortgage payment will be. They simply cannot afford it. So either rates have to come down or prices have to come down. Listening to the Fed Chairmen Powell, I don't think rates will come down too much. He says rates are going up (he said that yesterday). So do I foresee a price decline? You bet I do. I see prices that are already down 10% to 15% in my local market. The Core Logic Us Home Price Insights Report (which came out yesterday) shows a that home prices increased 6.9% from 2021 to 2022. That data tells us nothing about what prices have done in the past 6 months. Prices could have gone up 16% and then dropped 10% resulting in a  6.9% year over year increase. In my local market I see declines at 10% to 15%. New home builders have slashed the prices of new homes from $420,000 to $380,000 in just the last 3 months. That's a 10% decline. Core Logic says prices will down 3% for the next 12 months. I would really like to believe that - but I don't. I think it's more likely that they are down that amount in 1 month! Be careful in this market. Pay attention to what the home builders are doing and how they are pricing their new homes. If the prices of new homes are being marked down, then what does that do to the price of existing older homes?  Watch the iBuyers and whether or not they start buying again and whether or not some of them go out of business. That will affect demand and supply. Listen to the earnings calls of the large publicly traded companies and read their reports and what is written in them. Pay attention to details. I believe that prices will come down and that 2023 and 2024 will be a great time to buy real estate. At some point the Fed is going to have to pivot and start lowering rates again. And when they do (whenever that is) it will be the start of another run up in real estate prices. And the hedge funds and private equity funds will be ready to pounce. So Be patient. Wait for the right price and then when you see deals that make sense buy them. Buy anything that will cash flow for you. And don't forget to keep an eye on interest rates. These new homes if they decline another 10% to 15% would look like really good long term buys to me. Keep an eye on that and their prices (and price per square foot).

The Current State of The Real Estate Market

Brandon Bateman

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

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

PPC & SEO For Motivated Sellers With Brandon Bateman

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

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

Marketing to Motivated Sellers

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

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

Is The Real Estate Market Going To Crash?

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

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

Creative Finance Methods That Work In Today's Market

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

Interview with my Student Andy About Airbnb Rentals

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

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

The Opportunity in Bank Owned Properties

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

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

Understanding Financial Freedom

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

Exit Strategies in Real Estate

Do you want to learn how to buy rental properties, wholesale real estate and flip houses?Join Lex Levinrad on the Investing in Real Estate Podcast and learn how YOU can get started investing in real estate 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, buying rental properties, fixing and flipping and wholesaling houses.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, buying rental properties, buy repair rent and refinance, and investing in Airbnb. 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 invest in real estate and how to find, fix and flip houses for a living (and maybe even quit your job) then SUBSCRIBE TO THIS PODCAST.

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

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

Buying Houses on Terms

Eric Brewer

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

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

Novations with Eric Brewer

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

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

Foreclosures, Short Sales & Bank Owned Properties

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

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

The Opportunity in Short Term Rentals and Airbnb

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

Understanding Rental Property Returns

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

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

Wholesaling Real Estate & Finding Deals

Jon Carcone

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

Wholesaling Interview with Jon Carcone

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

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

Buying Rental Properties

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

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

Eviction And Foreclosure Moratoriums

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

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

Finding Private Lenders

Top notch show on real estate with tangible steps to execute on! Great flow, keep up the good work!

Highly recommended show!

Quick easy tips...good to binge if you are like me and just getting starting in properties.

So great!

Do you want to learn how to buy rental properties, wholesale real estate and flip houses? Join Lex Levinrad on the Investing in Real Estate Podcast and learn how YOU can get started investing in real estate 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, buying rental properties, fixing and flipping and wholesaling houses. 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, buying rental properties, buy repair rent and refinance, and investing in Airbnb. 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 invest in real estate and how to find, fix and flip houses for a living (and maybe even quit your job) then SUBSCRIBE TO THIS PODCAST.

Investing In Real Estate With Lex Levinrad

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

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

Getting Started As A Wholesaler

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

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

Understanding ARV and Calculating Your Offer Price

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

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

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

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 <a href="https://www.lexlevinrad.com/webinar" rel="nofollow" target="_blank">https://www.lexlevinrad.com/webinar</a> 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: <a href="https://www.lexlevinrad.com/fixandflipwebinar" rel="nofollow" target="_blank">https://www.lexlevinrad.com/fixandflipwebinar</a> DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL <a href="http://www.youtube.com/lexlevinrad?sub_confirmation=1" rel="nofollow" target="_blank">http://www.youtube.com/lexlevinrad?sub_confirmation=1</a> CONNECT WITH ME ONLINE <a href="http://www.lexlevinrad.com" rel="nofollow" target="_blank">http://www.lexlevinrad.com</a> <a href="http://www.facebook.com/lexlevinradrealestate" rel="nofollow" target="_blank">http://www.facebook.com/lexlevinradrealestate</a> <a href="http://www.twitter.com/lexlevinrad" rel="nofollow" target="_blank">http://www.twitter.com/lexlevinrad</a> <a href="http://www.instagram.com/lexlevinrad" rel="nofollow" target="_blank">http://www.instagram.com/lexlevinrad</a> <a href="http://www.linkedin.com/in/lexlevinrad" rel="nofollow" target="_blank">http://www.linkedin.com/in/lexlevinrad</a> <a href="http://www.pinterest.com/lexlevinrad" rel="nofollow" target="_blank">http://www.pinterest.com/lexlevinrad</a> <a href="https://plus.google.com/+LexLevinradrealestate" rel="nofollow" target="_blank">https://plus.google.com/+LexLevinradrealestate</a> 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 <a href="https://www.lexlevinrad.com" rel="nofollow" target="_blank">https://www.lexlevinrad.com</a>

Raising Private Money

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

How To Make Money 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.

Introduction To Fixing And Flipping Bank Owned Properties

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

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

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