Lex Levinrad Real Estate Investor, Speaker, Author & Mentor

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 looking for a greater understanding of how this works and a more detailed explanation of the numbers. In this example my student Mark purchased the house for $116,000 and I gave him a loan of $106,000. His down payment was $10,000 and I loaned him the rest of the money. Now Mark wants to fix and flip this house. But I want to show you an even easier strategy than fixing and flipping which is way less risky. It's called the BRRR Strategy (which stands for Buy, Repair, Rent and Refinance). This strategy is overlooked by almo