Investing In Real Estate With Lex Levinrad

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

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

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

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

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

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

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

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

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

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