Investing In Real Estate With Lex Levinrad

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

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

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

On this podcast episode I talk about borrowing money to fix and flip houses.

I start out by explaining why you should borrow money for fix and flips, even if you have the cash to fix and flip without borrowed money. I explain the tax benefits, leverage and increased return on investment by using borrowed funds.

We also talk about deal flow, and why no matter how much cash you have, you will eventually tap out if you don't tap into borrowed funds from private lenders.

I breakdown a deal, showing you the typical borrowing costs for a borrower if they were borrowing money from me to do their first fix and flip and what that looks like.

I also talk about why you should attend your local REIA meetings to meet and network with other investors, wholesalers, rehabbers and lenders. If you need to borrow money then go where the lenders are.

And finally I talk about why the best thing you can do if you are just starting out, is to learn how to locate deals for other investors. That is what our Partnership Program is all about - teaching you how to bird dog and be a property locator for other investors and how to become a wholesaler.

If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below:

FREE WHOLESALING TRAINING

https://www.lexlevinrad.com/webinar

FIXING AND FLIPPING TRAINING

If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar

DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES

SUBSCRIBE TO MY YOUTUBE CHANNEL

http://www.youtube.com/lexlevinrad?sub_confirmation=1

CONNECT WITH ME ONLINE

http://www.lexlevinrad.com

http://www.facebook.com/lexlevinradrealestate

http://www.twitter.com/lexlevinrad

http://www.instagram.com/lexlevinrad

http://www.linkedin.com/in/lexlevinrad

http://www.pinterest.com/lexlevinrad

https://plus.google.com/+LexLevinradrealestate

DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES

For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

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

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

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

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