Lex Levinrad Real Estate Investor, Speaker, Author & Mentor

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

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

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 sur

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,

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!

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!

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. Yo

On this podcast episode, I am interviewing my friend Steve Trang, who is the host of the popular Real Estate Disruptors Podcast. I first met Steve at the Collective Genius Mastermind, where he was doing Sales Training for Acquisitions Managers. Steve runs a company that trains wholesalers and acquisitions managers about every aspect related to marketing to motivated sellers. Steve is based out of Phoenix Arizona, and is the broker owner of Stunning Homes Realty which has 120 agents. He also created the "Offer Fast" Homes App. On this podcast interview, Steve talks about how he started investing in real estate, and how he transitioned from being a retail real estate agent to an investor. We talk about motivated sellers, and sales training for acquisitions managers and wholesalers and the follow up and mindset that is required when talking to sellers. We also talk about Steve's goal to create 100 Millionaires through investing in real estate. Enjoy the podcast! If you are brand new to real estate and want to le

On this podcast episode I talk about how to be a deal finder or property locator. In the wholesale real estate industry we call this being a "bird dog". Being a deal finder is hands down, the best way for you to learn if you are a beginner. Knowing how to find wholesale deals at wholesale prices is the foundation of being a wholesale real estate investor. It doesn't matter if you want to be a wholesaler, a landlord that buys rental properties, or a rehabber that fixes and flip houses. Either way, you will need to be able to find wholesale deals at wholesale prices. Once you know how to find deals, you can wholesale, fix and flip or keep the properties long term. The key is to know how to find the properties at a discount price that makes sense for you as an investor. I also explain how our Partnership Program works and how this program was created as a resource to help our new students that were starting out as deal finders. If you are brand new to real estate and want to learn more about how to wholesale rea

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 te

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

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

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

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

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

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 faciliti

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 co

On this podcast episode I interview Jason Hartman who is the founder of the Creating Wealth Podcast which is one of the top rated podcasts in the Investing Category on iTunes. Jason has completed thousands of real estate transactions, and his company helps real estate investors find and acquire income producing properties throughout the U.S. In this interview, we talk about investing in income properties, and how to pick the most suitable and sensible markets to invest in. Jason talks about the differences between cyclical, linear and hybrid markets and what that means. He also discusses why real estate is hyper local and why choosing where to invest is so important. We talk about mortgages, debt, interest rates and inflation and why having a rental property with a mortgage that pays down over time is one of the best strategies for beating inflation. Jason explains his term "inflation induced debt destruction" to illustrate this point. We talk about the benefits of buying and holding real estate for the long