Investing In Real Estate With Lex Levinrad

On this podcast episode, I interview David Lecko who is the founder of Deal Machine. Deal Machine is an incredible app for real estate investors that can help you take your driving for dollars game to another level. You can download the app by visiting http://www.lexlevinrad.net/dealmachine One you install the app on your smart phone, you can start driving for dollars. What's amazing about this ap...

On today's podcast episode I talk about an example of a property which was based on a video that I uploaded to my YouTube channel yesterday called "Buy, Rent, Repair and Refinance". You can see that video here: https://youtu.be/KfLPeO6U52E I received quite a few questions from students of mine (and from new investors that are not yet students) asking me to elaborate on this and explain the numbers...

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...

On this podcast episode I talk about how to change your mindset, and why mindset is so important for you to be able to achieve your goals of financial freedom. First you have to believe that you can. And that starts with mindset. I can take every single real estate system, tool and method that I know, and I can teach them all to you. But without you understanding that everything starts with your m...

On this podcast episode I talk about how it is possible to have a $100,000 month wholesaling and flipping houses. I break down what you would need to do in order to make $100,000 wholesaling. I want you to see that once you understand the concept of buying houses from motivated sellers and selling those houses for a profit - how much you make is really up to you! It could be a $100,000 month or a...

On this podcast episode I talk about Driving for Dollars and How to Drive for Dollars. I talk about how much technology has changed since when I started back in 2003 and how technology has leveled the playing field for new investors. You can now use apps like Send Fuse and Deal Machine to automate your postcard mailings to vacant houses. I show you an example of my student Mark who has found 214 v...

On this podcast episode I follow up on the prior episode (How to get started wholesaling part 1) If you have not already listened to the previous podcast episode please do so now before listening to this one since it will make more sense to you if you listen to it in order. On this podcast episode I review getting your license, building your cash buyer website and posting properties for sale onlin...

On this podcast episode, I walk you through a 90 day plan on how to get started wholesaling houses. STEP ONE - CASH BUYERS The first thing that you want to do is start out by building your cash buyer's list and talking to cash buyers. the best way to do this is by posting properties for sale on your website. If you don't have properties to post, then network with other wholesalers that do have pro...

This podcast episode is part 2 of "How To Build Your Cash Buyer's List". Please listen to part 1 before listening to this part 2 episode on building your cash buyer's list. On this podcast episode I continue where we ended off on the previous episode. I talk about more strategies of how to build your cash buyer's list and find cash buyer's by using: * The MLS to find cash buyers on past sales * Da...

On this podcast episode I talk about how to build your cash buyer's list. This is "How To Build Your Cash Buyer's List Part 1". Make sure you look for the next episode called "How To Build Your Cash Buyer's List Part 2". On this podcast episode I talk about: *Finding cash buyers from networking *Landlords that are cash buyers *Offline methods for finding cash buyers *Online methods for finding cas...

On this podcast episode I talk about private lending, private lenders and hard money loans. I discuss why investors use private lenders to fund their purchases, and why this is a win/win scenario for both the borrower and the lender. I also explain why buyers cannot purchase fix and flips with mortgages and why they have to pay all cash or use a private lender. This is the essence of why private l...

On this podcast episode I talk about buying HUD properties, and how you can find deeply discounted properties and bid on them directly on HUD's website. I explain what HUD properties are, the type of properties that are listed, and the different bidder types on HUD's website. I also show you why it is a good idea to have your real estate license if you want to bid on HUD Homes and why you always n...

On this podcast episode I talk about how much you should offer on a property, which is directly related to knowing what the house is worth. We establish what a house is worth by estimating the After Repair Value or ARV. We calculate this by looking at three things: 1. Comparable Sales - what houses sold for 2. MLS - what is currently listed for sale 3. MLS - inventory and pricing of houses Only by...

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...

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 Cas...

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 b...

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...

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...

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 eventu...

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 wi...

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...

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 L...

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...

On this podcast episode I talk about learning how to wholesale real estate, and why wholesaling attracts the largest amount of new real estate investors. I share with you the importance of having a goal and a vision of thinking about, understanding, and knowing what you want to achieve from wholesaling. I also explain to you why one person's goal and how much they are looking to make from wholesal...

On this podcast I talk about the Buy, Repair, Rent and Refinance strategy which is often referred to as BRRR. The concept behind the buy, repair, rent and refinance strategy is that if you can find deals at 75% or less of the After Repair Value (ARV), you can essentially be doing no money down deals because you will get your money back when you refinance. You will then be able to use that same mon...