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

Investing In Real Estate With Lex Levinrad

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

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

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 & 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

Wholesaling Real Estate & Finding Deals

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

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

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

Finding Private Lenders

On this podcast episode I talk about the difference between students that succeed and students that fail. I was reviewing some students that were purchasing their first rental property in the past few weeks. I asked myself: "Why are these students managing to buy their first property while other students are still struggling? And that is what this podcast episode is about. Learning about real estate, systems, techniques, processes and software is NOT what will make you successful. The key is to IMPLEMENT what you learn by taking action. I have found with many of my students that they self sabotage themselves by having self limiting beliefs. The first step to success is to get rid of these self limiting beliefs. That is why I am such a big fan of my students reading books by Jim Rohn, Tony Robbins, Napoleon Hill etc. If you want to achieve success you have to first: 1. create a goal 2. have a clear and concise vision of that goal 3. figure out how you will achieve that goal 4. IMPLEMENT (take action) 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 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

Why Some Students Succeed and Some Fail

On this podcast episode, I talk about wholesaling bank owned properties, short sales and foreclosures. Most wholesalers market to motivated sellers and "assign" contracts using the assignment of contract method. Assigning the contract has many advantages including, not having to lay out any cash, not needing to be present at the closing, and not having to pay any closing costs. Essentially your assignment fee is your profit if you are a wholesaler. However, not all properties can be assigned. Assignment works great if you are "direct to seller" and the seller is a motivated seller. But If you want to wholesale/flip a bank owned property, short sale or foreclosure then you are going to need to double close. This means that you will first have to buy and pay for the property, and only then once you own it will you be able to turn around and resell it. The best way to do this is to "double close" on the same day. You need to use an investor friendly title company to help you facilitate this transaction. Make sure you grab a copy of my best selling book "Wholesaling Bank Owned Properties" on my website at https:// www.lexlevinrad.com

Wholesaling Bank Owned Properties

On today's podcast I talk about wholesaling real estate and being a wholesaler versus buying rental properties. The idea for this podcast episode came from this past weekend, where I spent 3 days with my coaching students at the Wholesaling Inner Circle. The purpose of the Wholesaling Inner Circle is to teach students how to wholesale. Most of my students that attend this event have already purchased a property or two and almost all have attended our Wholesaling Real Estate Boot Camp, and our Fixing and Flipping Boot Camp. The students that attend this event are interested in learning how to wholesale. Some of them want to become full time wholesalers and quit their job. When I asked everyone at the Wholesaling Inner Circle why they were there this past weekend, the vast majority said because they wanted financial freedom. When I asked how they would create financial freedom 80% of the room said they wanted to create financial freedom by buying rental properties. We spoke about their financial freedom number, and how many properties they would need to own free and clear for them to have enough passive income for them to live the life they imagined. My next question was "Why are you at the Wholesaling Inner Circle?" If your goal is to buy rental properties, then why do you want to learn wholesaling? We had a very good discussion about this which is why I thought it would make a great podcast episode. Many beginners don't understand the difference between what they do for a living (their profession) and how they invest the money that they make from their profession. You could choose to invest in rentals, stocks, bonds, commodities or any investment with the savings that you have. If you choose to invest in rentals, that does not mean that you need to quit your job and become a wholesaler. You can stay at your job and buy rental properties until you have enough properties and they are paid off. At that point you will have achieved financial freedom. If you are attracted to wholesaling because you want to first make money so you can then buy rentals you are doing it all wrong. If your goal is to buy rentals then focus on buying rentals. If your goal is to quit your job and become a wholesaler then learn how to wholesale. One is an investment. The other is a profession. I don't know too many successful part time wholesalers. You are either all in as a wholesaler and you do it full time or you don't do it at all. If your goal is to flip a few houses to make extra money so that you can save that money and invest in real estate that is fine. But never confuse your profession with how you choose to invest. They are completely different. Focus on your vision and your goals of what you want to achieve. If your vision is 10 free and clear rental properties then focus on buying property number one - and don't focus on anything else.

Wholesaling or Rental Properties

On this podcast episode I talk about beginner questions that seem to always be the same questions. I hear these questions at every boot camp from new investors, and it was a topic that came up today on my car drive to visit properties with my son. I realized he was asking the same questions, so I decided to make a podcast episode addressing these beginner questions The questions are: 1. Putting 20% Down Versus Paying Cash 2. Retail Vs Wholesale Real Estate 3. Why You Can't Get A Mortgage 4. How To Find Discounted Houses 5. What Are Motivated Sellers? 6. How To Get The Cash For Flips 7. Private Lenders and Hard Money 8. Finding Houses Yourself Vs Wholesalers 9. Understanding That This is a Business Enjoy the podcast!

Beginner Questions

This is the first podcast episode of 2021. On this episode, I talk about setting goals, and my vision and blueprint for 2021 (as I see it). 2020 Was a very interesting year for us. It was also a very difficult year for many people. We learned how to adapt to the change since no one would show up for live events we started streaming our live events via Zoom Webinar. The results were awesome. We can not give students all over the country the opportunity to attend a boot camp virtually without buying a plane ticket or having to travel. Since March, we have had all of our staff working from home. That has worked out great as well. We have added some more VA's and we are moving our entire office including lead managers, acquisitions, dispositions, student support and coaching to 100% virtual as of June 2021. Enjoy the podcast!

Setting Goals For 2021

On this podcast episode I talk about something that I see time and again with many of my new coaching students, which is a real obstacle to their financial freedom It is also the one thing that every new real estate investor needs to know and understand BEFORE they can learn how to create wealth. This concept is something that seasoned investors take for granted (including myself). It is only through coaching others that I realized how many people did not understand basic financial concepts. This obstacle is also the same reason why some investors need to sign up for multiple real estate programs before the concept finally sinks in. Did you know that more than 50% of our coaching students have already paid tens of thousands of dollars to other real estate coaching programs BEFORE they signed up for my coaching program? Why? Because of this concept which I call "Obstacles to Financial Freedom", and it is by far your biggest obstacle that stands in your way and prevents you from living the life you imagined. You can learn the systems, techniques and tricks of investing in real estate by watching thousands of YouTube videos, or by listening to hundreds of podcasts like this one. There are literally hundreds of thousands of videos and podcasts out there that can teach you about investing in real estate, wholesaling and flipping houses. The concept of investing in real estate is actually a very simple concept. But people make it complicated by not understanding basic principles of how a mortgage works, how amortization works and how borrowing money and using leverage can create unimaginable amounts of wealth (if done correctly). But you won't really be able to put your financial freedom plan together in your head, you won't be able to have a vision of where you are going and how you are going to get there - until you grasp the concept of how money really works. You see the problem is that as we grow up, no one teaches us about money. Our parents don't teach us about money, and we don't learn about money in school or college. Money is a "taboo" subject best discussed behind closed doors. If our parents gave us any financial lessons at all, for most people it was something like "pay your bills on time" or "balancing your checkbook" or "keeping a budget of what you spend". The emphasis was always on reducing expenses and watching your money, never on MAKING MORE MONEY AND INVESTING. The problem is that when we are raised this way, we go into adulthood without an understanding of how money and investing works. Concepts like real estate prices, inflation, compound interest, basic mortgage math and velocity of money confuse us. Unfortunately you have to teach yourself these concepts since they are not taught in school. We also don't learn and understand how tax deductions and depreciation with real estate work. If we did, then almost every tax payer would own a rental property. If we understood this concept we we would invest differently and not have all of our savings in our primary residence and 401k account. This is the concept that you need to learn and understand. The principles of money and investing. The net effect is that if you don't understand these concepts, and you are scared to borrow money to invest in real estate, you we save your money in places like money markets and CD's and 401k accounts because you are SCARED OF LOSING your money. So we hoard our savings (assuming we have saved and have not spent everything that we have earned). This is the exact same reason why I have investors that have loaned me money at 9% or 10% for the past 17 years. While their principal has remained intact, I have literally made millions of dollars with THEIR MONEY. Once you understand the concept of buying distressed real estate for pennies on the dollar with SOMEONE ELSE'S MONEY you realize that money is something that is not scarce but plentiful. And how much you make is entirely up to you. Make sure you unde

Obstacles to Financial Freedom

Do you want to learn how to wholesale real estate and flip properties? Join Lex Levinrad on the Investing in Real Estate Podcast and learn how YOU can get started flipping houses today. This podcast is full of ACTION PACKED information and CONCRETE ACTION STEPS that you can start taking TODAY to learn how to start investing in real estate and flipping real estate. Join Lex as he talks about EVERY TOPIC related to INVESTING IN REAL ESTATE including wholesaling, locating deals, finding properties, flipping properties, hard money lenders, online auction sites, marketing for motivated sellers, building your cash buyer lists, deal structuring, fixing and flipping, buying and holding real estate long term and rental properties. Lex has trained thousands of students from all over the world how to invest in real estate. Lex has personally flipped over 1,000 houses and he can teach you the one thing that everyone is looking for - FINANCIAL FREEDOM. Listen to Lex interview some of his successful students who have quit their jobs and now flip houses for a living. If you want to get MOTIVATED and INSPIRED by people who are actually flipping houses RIGHT NOW, then LISTEN TO THIS PODCAST. Lex will also introduce you to some of his real estate friends and he will interview some of the biggest wholesalers and flippers in the country. You will learn from the experience of real estate investors who are doing deals every single day, investors who are literally doing thousands of deals. Listen to this podcast so YOU can learn how to achieve massive results investing in real estate. If you want to learn how to flip houses for a living and maybe even quit your job then SUBSCRIBE TO THIS PODCAST.

hubhopper

Investing In Real Estate With Lex Levinrad

hubhopper