On this podcast episode I talk about how to get started investing in real estate. I see so many people that want to learn how to get started investing in real estate, but don't know what to do to get started. I find that it helps if you can break down your ultimate goal (financial freedom) in order to create a process of workable steps that can help you achieve your vision of where you want to be in the future. On this episode we speak about the financial freedom number of $10,000 per month in p...
Jan 05, 2020•29 min
On this podcast episode I talk about how to create wealth by investing in real estate. Every day, I speak to new students that want to learn how to create a life of financial freedom. This podcast episode addresses how to create wealth by explaining that in order to have financial freedom, you first need to create wealth. And the surest way to create wealth is by buying rental properties. On this episode, I talk about a house that I recently purchased which is being refinanced this week. Here ar...
Dec 16, 2019•21 min
On this podcast episode I talk about wholesale real estate versus retail real estate. This podcast episode topic is an important concept to understand. This episode topic came about based on a question by one of our listeners. There question was "why pay 10% interest if you can get a 4% mortgage? That's a great questions and I thought it would make a good topic for a podcast episode. I called it Wholesale Real Estate Versus Retail Real Estate because this is really the essence of you understandi...
Dec 07, 2019•25 min
On this podcast episode, I interview Jason Nickel who is the founder of Lead Sherpa. Lead Sherpa is a text marketing platform for real estate investors, that lets you send text messages directly to motivated sellers. The first step to text marketing is to purchase a motivated seller list (for example an absentee list). The next step is to skip trace this list which can be done with any skip tracking service or directly inside your Lead Sherpa account. Once you have your list skip traced and you ...
Nov 14, 2019•25 min
RENTAL PROPERTY INVESTING FOR BEGINNERS Do you want to get into rental property investing because of the positive cash flow? Many new real estate investors are first attracted to the idea of investing in rental properties because of the passive income and cash flow benefits. But when you actually buy your first rental property, you are more likely to break even or make only a few hundred dollars a month in positive cash flow on your rental properties. When you realize that you have to pay for ma...
Nov 04, 2019•8 min
WHOLESALING REAL ESTATE 101 On this podcast episode I talk about wholesaling real estate, what wholesaling is, and the four basic steps of wholesaling. The Four Steps Are: *Finding a House That Would Be A Good Flip *Making An Offer To Buy That House *Getting The House Under Contract *Selling That House For A Profit To An Investor I discuss a lot of meat and potatoes stuff about wholesaling on this episode. I use an example of finding a house For Sale by Owner on Zillow, making an offer to purcha...
Oct 30, 2019•43 min
Are you new to real estate investing? Do You Know How To Recognize A Wholesale Real Estate Deal? If you do, then you should be willing to act (very quickly) when you see it. The first step for new real estate investors is to make sure that you know how to tell a good wholesale real estate deal from a bad one. Too many beginners don't the difference. Knowing the difference between a wholesale real estate deal and a dud is the basics of this business. You should learn what a wholesale real estate ...
Oct 25, 2019•6 min
On this podcast episode, I interview John Martinez who is the founder and CEO of Midwest Rev. John created the "Online REI Sales Academy" to help new and seasoned real estate investors learn how to get better at negotiating with motivated sellers. If you want to learn what to say when you talk to sellers, what scripts to use, and how to convert and close more motivated seller leads then you should check out his training program. It's called the Online REI Sales Academy. Here is a link for you to...
Sep 23, 2019•38 min
On this podcast episode, I talk about the key components that you need in order to get started fixing and flipping houses. THESE KEY COMPONENTS ARE: *Finding A House To Fix & Flip *Estimating After Repair Value *Estimating Repairs & Materials *Calculating Your Profit Margin *Finding a Private or Hard Money Lender *Having a Contractor To Fix The House On this podcast episode, I dig deeper into some of these topics and show you why the most important basic foundation for fixing and flippin...
Aug 30, 2019•51 min
On this podcast episode I talk about how to buy houses with no money down. This strategy works really well when there is not enough equity in the deal for you to make a cash offer to buy the house. You will find that many of your competitors and wholesalers will walk away from these deals because they don't know how to structure them. This will give you a competitive edge if you do! The biggest benefit of this strategy is that you can buy as many houses as you want since you are not coming out o...
Aug 23, 2019•36 min
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 app is that you don't need to have a yellow pad next to you scribbling down addresses of vacant proper...
Aug 08, 2019•29 min
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 and how it works in more detail. So I created this podcast episode especially for those of you look...
Jul 14, 2019•25 min
On today's podcast episode I talk about buying rental properties. I talk about cash flow, appreciation, and the tax benefits of buying rental properties - especially if you have a steady job and have a lot of taxes being withheld from your paycheck. I also cover the "myth" of investing in rental properties where beginners think they are going to sit back and collect the cash flow. In reality, many times in the first few years of a rental property there isn't that much cash flow. The trick is to ...
Jun 14, 2019•39 min
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 mindset it will be a waste of time and you will learn nothing. The reason is because you will let dou...
May 28, 2019•40 min
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 $100,000 week or a $100,000 year. Whatever your mind can conceive and BELIEVE it can achieve. So sta...
May 23, 2019•37 min
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 vacant houses while driving for dollars on his one hour lunch break. He found 214 vacant houses in ju...
May 20, 2019•31 min
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 online on your cash buyer website. I talk about the importance of knowing what a wholesale deal is, and u...
May 10, 2019•56 min
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 properties and get permission from them to market their deals to your cash buyers. For the website I re...
Apr 25, 2019•38 min
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 * Data mining lists for cash buyers * Using Linked In and Facebook Groups * Direct Mail to Cash Buyers *...
Apr 16, 2019•28 min
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 cash buyers If you are brand new to real estate and want to learn more about how to wholesale real esta...
Apr 10, 2019•31 min
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 lending exists. Banks will not accept offers on properties with a mortgage. They will only accept cas...
Mar 27, 2019•27 min
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 need to close on HUD properties (or lose your deposit). If you are an investor looking for a great de...
Mar 17, 2019•33 min
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 looking at the past (what houses sold for), the present (what is listed on the MLS), and having a p...
Mar 15, 2019•42 min
On this podcast episode I talk about why borrowing money to buy real estate will make you wealthy, and why you should not be afraid of borrowing money and debt (for real estate). The most common thing that I hear from new and beginning real estate investors is that they don't have any money to get started. Remember that the benefit of investing in real estate is compounded by the more you are able to borrow to buy that real estate. You are not supposed to buy real estate with your money. You are...
Mar 12, 2019•27 min
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...
Feb 28, 2019•28 min
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....
Feb 25, 2019•26 min
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 purchase...
Jan 24, 2019•49 min
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 po...
Jan 23, 2019•44 min
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 ...
Jan 21, 2019•34 min
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 whol...
Jan 14, 2019•46 min
