Lex Levinrad Real Estate Investor, Speaker, Author & Mentor

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