Investing In Real Estate With Lex Levinrad

Flipping Your First House Part Two On this podcast episode I talk about direct mail marketing to motivated sellers. Make sure you listen to the previous podcast (Flipping Your First House - How To Get Started) before you listen to this one, since it follows up on the previous episode. On this podcast I drill down into the details of direct mail results and what the typical results would look like from mailing to a list of 8,000 absentee owners over a period of 8 weeks (mailing 1,000 postcards a week). I broke down the mailing costs and showed a real example of mailing $500 a week for 4 weeks and spending $2,000 before my student got a house that he flipped for a profit of $12,000. I talk about getting out of the trading your time for a paycheck mindset and how the key to generating motivated seller leads is to be marketing. You cannot afford to skip this step - especially if you have a full time job. I also speak about scripts, talking to motivated sellers and knowing what to say. The ultimate goal is to go on an appointment with a motivated seller and to get their house under contract. Once you have a house under contract you have a property to flip. I discuss typical response rates and how on average you will only get 2 seller appointments for every 1,000 postcards mailed. That is why you need to make sure every seller appointment counts. Make sure before you go on a seller appointment you know: 1. the ARV and comparable sales 2. the repair estimate and how much it will cost 3. how much to offer in order to make a profit I also offered a script for you to download which you can get when you attend my webinar on wholesaling webinar (the link is below) 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 https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING 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

Flipping Your First House Part Two On this podcast episode I talk about direct mail marketing to motivated sellers. Make sure you listen to the previous podcast (Flipping Your First House - How To Get Started) before you listen to this one, since it follows up on the previous episode. On this podcast I drill down into the details of direct mail results and what the typical results would look like from mailing to a list of 8,000 absentee owners over a period of 8 weeks (mailing 1,000 postcards a week). I broke down the mailing costs and showed a real example of mailing $500 a week for 4 weeks and spending $2,000 before my student got a house that he flipped for a profit of $12,000. I talk about getting out of the trading your time for a paycheck mindset and how the key to generating motivated seller leads is to be marketing. You cannot afford to skip this step - especially if you have a full time job. I also speak about scripts, talking to motivated sellers and knowing what to say. The ultimate goal is to go on an appointment with a motivated seller and to get their house under contract. Once you have a house under contract you have a property to flip. I discuss typical response rates and how on average you will only get 2 seller appointments for every 1,000 postcards mailed. That is why you need to make sure every seller appointment counts. Make sure before you go on a seller appointment you know: 1. the ARV and comparable sales 2. the repair estimate and how much it will cost 3. how much to offer in order to make a profit I also offered a script for you to download which you can get when you attend my webinar on wholesaling webinar (the link is below) 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 https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING 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

Flipping Your First House Part Two On this podcast episode I talk about direct mail marketing to motivated sellers. Make sure you listen to the previous podcast (Flipping Your First House - How To Get Started) before you listen to this one, since it follows up on the previous episode. On this podcast I drill down into the details of direct mail results and what the typical results would look like from mailing to a list of 8,000 absentee owners over a period of 8 weeks (mailing 1,000 postcards a week). I broke down the mailing costs and showed a real example of mailing $500 a week for 4 weeks and spending $2,000 before my student got a house that he flipped for a profit of $12,000. I talk about getting out of the trading your time for a paycheck mindset and how the key to generating motivated seller leads is to be marketing. You cannot afford to skip this step - especially if you have a full time job. I also speak about scripts, talking to motivated sellers and knowing what to say. The ultimate goal is to go on an appointment with a motivated seller and to get their house under contract. Once you have a house under contract you have a property to flip. I discuss typical response rates and how on average you will only get 2 seller appointments for every 1,000 postcards mailed. That is why you need to make sure every seller appointment counts. Make sure before you go on a seller appointment you know: 1. the ARV and comparable sales 2. the repair estimate and how much it will cost 3. how much to offer in order to make a profit I also offered a script for you to download which you can get when you attend my webinar on wholesaling webinar (the link is below) 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 https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING 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

On this podcast episode, I talk about the action steps that you would need to take in order to flip your first house. I start out by introducing wholesaling and talking about assignments of contract compared to double closings and the pros and cons of each method. I also talk about the difference between wholesaling and flipping versus fixing and flipping and the difference between wholesaling and "wholetailing". Finally I talk about the action steps that you would need to take to move closer towards your goal of flipping your first house. I use an example of mailing out postcards to a list of absentee homeowners, and discuss the type of list, postage costs and returns on investment. I also talk about why so many beginners quit because they have a mindset of trading their time for a paycheck. 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/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 https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING 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

On this podcast episode, I talk about the action steps that you would need to take in order to flip your first house. I start out by introducing wholesaling and talking about assignments of contract compared to double closings and the pros and cons of each method. I also talk about the difference between wholesaling and flipping versus fixing and flipping and the difference between wholesaling and "wholetailing". Finally I talk about the action steps that you would need to take to move closer towards your goal of flipping your first house. I use an example of mailing out postcards to a list of absentee homeowners, and discuss the type of list, postage costs and returns on investment. I also talk about why so many beginners quit because they have a mindset of trading their time for a paycheck. 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/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 https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING 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

On this podcast episode, I talk about the action steps that you would need to take in order to flip your first house. I start out by introducing wholesaling and talking about assignments of contract compared to double closings and the pros and cons of each method. I also talk about the difference between wholesaling and flipping versus fixing and flipping and the difference between wholesaling and "wholetailing". Finally I talk about the action steps that you would need to take to move closer towards your goal of flipping your first house. I use an example of mailing out postcards to a list of absentee homeowners, and discuss the type of list, postage costs and returns on investment. I also talk about why so many beginners quit because they have a mindset of trading their time for a paycheck. 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/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 https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING 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

On this podcast episode, I talk about investing in section 8 rental properties. Section 8 is a government backed housing program which offers rental assistance for low income families. There are a lot of myths and stigmas associated with investing in section 8 rental properties. A question I am often asked by investors is which properties are eligible for section 8? The answer is that almost ANY property can be a section 8 rental since section 8 is determined by the tenant NOT by the property. As long as the tenant qualifies for housing assistance and they can find a landlord willing to rent to a section 8 tenant then that property can be a section 8 rental. In order to qualify for section 8, tenants have to apply with their local Housing Authority. In most cities there is a backlog of tenants looking for housing and only a limited number of vouchers are released each year (based on need). Tenants have to show that their annual income is below a certain level and this amount is adjusted depending on many factors such as their income, how many children they have etc. If they apply for section 8 and are approved, then they are eligible to receive a housing voucher. Their housing voucher may pay all of their rent or only part of their rent. The rent is paid to the owner of the property via direct deposit (or check). The section 8 tenant receives their voucher and is given a certain period of time (typically 45 days) to find a rental property. There are NOT many section 8 properties available and there are many more tenants than there are houses. There is a very high demand for section 8 properties which makes these properties very easy to rent for landlords. The annual rent is determined by the Housing and Urban Development of the U.S. Government (HUD). Each city has their own housing authority. And each housing authority assists tenants (and landlords) in matching up rental properties with tenants. Landlords can advertise their properties for rent at their local housing authority. They can also post these properties for rent on the section 8 web site. In order for you to see the types of returns that are possible as an investor here is an example below of a current turn key rental property for sale: https://www.lexlevinrad.com/rentalproperties/ 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 https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING 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

On this podcast episode, I talk about investing in section 8 rental properties. Section 8 is a government backed housing program which offers rental assistance for low income families. There are a lot of myths and stigmas associated with investing in section 8 rental properties. A question I am often asked by investors is which properties are eligible for section 8? The answer is that almost ANY property can be a section 8 rental since section 8 is determined by the tenant NOT by the property. As long as the tenant qualifies for housing assistance and they can find a landlord willing to rent to a section 8 tenant then that property can be a section 8 rental. In order to qualify for section 8, tenants have to apply with their local Housing Authority. In most cities there is a backlog of tenants looking for housing and only a limited number of vouchers are released each year (based on need). Tenants have to show that their annual income is below a certain level and this amount is adjusted depending on many factors such as their income, how many children they have etc. If they apply for section 8 and are approved, then they are eligible to receive a housing voucher. Their housing voucher may pay all of their rent or only part of their rent. The rent is paid to the owner of the property via direct deposit (or check). The section 8 tenant receives their voucher and is given a certain period of time (typically 45 days) to find a rental property. There are NOT many section 8 properties available and there are many more tenants than there are houses. There is a very high demand for section 8 properties which makes these properties very easy to rent for landlords. The annual rent is determined by the Housing and Urban Development of the U.S. Government (HUD). Each city has their own housing authority. And each housing authority assists tenants (and landlords) in matching up rental properties with tenants. Landlords can advertise their properties for rent at their local housing authority. They can also post these properties for rent on the section 8 web site. In order for you to see the types of returns that are possible as an investor here is an example below of a current turn key rental property for sale: https://www.lexlevinrad.com/rentalproperties/ 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 https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING 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

On this podcast episode, I talk about investing in section 8 rental properties. Section 8 is a government backed housing program which offers rental assistance for low income families. There are a lot of myths and stigmas associated with investing in section 8 rental properties. A question I am often asked by investors is which properties are eligible for section 8? The answer is that almost ANY property can be a section 8 rental since section 8 is determined by the tenant NOT by the property. As long as the tenant qualifies for housing assistance and they can find a landlord willing to rent to a section 8 tenant then that property can be a section 8 rental. In order to qualify for section 8, tenants have to apply with their local Housing Authority. In most cities there is a backlog of tenants looking for housing and only a limited number of vouchers are released each year (based on need). Tenants have to show that their annual income is below a certain level and this amount is adjusted depending on many factors such as their income, how many children they have etc. If they apply for section 8 and are approved, then they are eligible to receive a housing voucher. Their housing voucher may pay all of their rent or only part of their rent. The rent is paid to the owner of the property via direct deposit (or check). The section 8 tenant receives their voucher and is given a certain period of time (typically 45 days) to find a rental property. There are NOT many section 8 properties available and there are many more tenants than there are houses. There is a very high demand for section 8 properties which makes these properties very easy to rent for landlords. The annual rent is determined by the Housing and Urban Development of the U.S. Government (HUD). Each city has their own housing authority. And each housing authority assists tenants (and landlords) in matching up rental properties with tenants. Landlords can advertise their properties for rent at their local housing authority. They can also post these properties for rent on the section 8 web site. In order for you to see the types of returns that are possible as an investor here is an example below of a current turn key rental property for sale: https://www.lexlevinrad.com/rentalproperties/ 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 https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING 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

On this podcast episode I talk about private lenders and hard money loans. If you want to fix and flip properties, there is a good chance that you will need a loan from a private lender or a hard money lender. Hard Money Loans are meant to be short term bridge loans and because they have high interest rates, they are NOT meant to be a long term financing option. For this reason, most hard money loans are short term interest only loans for a period of 1 year. I discuss using hard money loans and borrowed money from private lenders, and why this is the perfect instrument for fixing and flipping houses. When you use borrowed money to finance the purchase of a fix and flip your goal is to buy, borrow, fix and flip the house within 6 months or less. Private lenders and hard money loans are a very useful tool for rehabbers that fix and flip houses for a living. Every professional rehabber that I know (including myself) uses borrowed money to finance their fix and flips. The reason is that borrowing money will allow you to do more flips, will increase your leverage and will also increase your returns. If you are just getting started out as an investor then I recommend you start out by learning how to wholesale and find wholesale deals before you dive into a fix and flip (especially with borrowed money). 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/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 https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING 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

On this podcast episode I talk about private lenders and hard money loans. If you want to fix and flip properties, there is a good chance that you will need a loan from a private lender or a hard money lender. Hard Money Loans are meant to be short term bridge loans and because they have high interest rates, they are NOT meant to be a long term financing option. For this reason, most hard money loans are short term interest only loans for a period of 1 year. I discuss using hard money loans and borrowed money from private lenders, and why this is the perfect instrument for fixing and flipping houses. When you use borrowed money to finance the purchase of a fix and flip your goal is to buy, borrow, fix and flip the house within 6 months or less. Private lenders and hard money loans are a very useful tool for rehabbers that fix and flip houses for a living. Every professional rehabber that I know (including myself) uses borrowed money to finance their fix and flips. The reason is that borrowing money will allow you to do more flips, will increase your leverage and will also increase your returns. If you are just getting started out as an investor then I recommend you start out by learning how to wholesale and find wholesale deals before you dive into a fix and flip (especially with borrowed money). 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/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 https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING 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

On this podcast episode I talk about private lenders and hard money loans. If you want to fix and flip properties, there is a good chance that you will need a loan from a private lender or a hard money lender. Hard Money Loans are meant to be short term bridge loans and because they have high interest rates, they are NOT meant to be a long term financing option. For this reason, most hard money loans are short term interest only loans for a period of 1 year. I discuss using hard money loans and borrowed money from private lenders, and why this is the perfect instrument for fixing and flipping houses. When you use borrowed money to finance the purchase of a fix and flip your goal is to buy, borrow, fix and flip the house within 6 months or less. Private lenders and hard money loans are a very useful tool for rehabbers that fix and flip houses for a living. Every professional rehabber that I know (including myself) uses borrowed money to finance their fix and flips. The reason is that borrowing money will allow you to do more flips, will increase your leverage and will also increase your returns. If you are just getting started out as an investor then I recommend you start out by learning how to wholesale and find wholesale deals before you dive into a fix and flip (especially with borrowed money). 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/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 https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING 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

This podcast episode follows up on the Wholesaling Real Estate Podcasts Parts 1, 2 and 3. Please make sure you listen to those 3 episodes before listening to this podcast. On the previous podcast I spoke about making your first offer, knowing how much to offer, and how your exit strategy is important when determining your offer price. On this podcast episode I talk about constructing and submitting your offer. Remember that submitting your offer assumes that you know what the After Repair Value is, and how much it will cost to repair the house. You cannot determine an offer price if you don't know the ARV and what it would cost to fix the house (repair estimate). On this episode, I talk about the type of purchase contract you should use and why you want to use a "wholesaling contract" for direct to seller purchases and a standard contract for bank owned properties. I also talk about inspection periods, deposits, cancelling your contract and how important those numbers can be if it comes to wanting to cancel your contract. There is a lot of meat and potatoes on this podcast episode for new wholesalers. 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/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 https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING 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

This podcast episode follows up on the Wholesaling Real Estate Podcasts Parts 1, 2 and 3. Please make sure you listen to those 3 episodes before listening to this podcast. On the previous podcast I spoke about making your first offer, knowing how much to offer, and how your exit strategy is important when determining your offer price. On this podcast episode I talk about constructing and submitting your offer. Remember that submitting your offer assumes that you know what the After Repair Value is, and how much it will cost to repair the house. You cannot determine an offer price if you don't know the ARV and what it would cost to fix the house (repair estimate). On this episode, I talk about the type of purchase contract you should use and why you want to use a "wholesaling contract" for direct to seller purchases and a standard contract for bank owned properties. I also talk about inspection periods, deposits, cancelling your contract and how important those numbers can be if it comes to wanting to cancel your contract. There is a lot of meat and potatoes on this podcast episode for new wholesalers. 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/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 https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING 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

This podcast episode follows up on the Wholesaling Real Estate Podcasts Parts 1, 2 and 3. Please make sure you listen to those 3 episodes before listening to this podcast. On the previous podcast I spoke about making your first offer, knowing how much to offer, and how your exit strategy is important when determining your offer price. On this podcast episode I talk about constructing and submitting your offer. Remember that submitting your offer assumes that you know what the After Repair Value is, and how much it will cost to repair the house. You cannot determine an offer price if you don't know the ARV and what it would cost to fix the house (repair estimate). On this episode, I talk about the type of purchase contract you should use and why you want to use a "wholesaling contract" for direct to seller purchases and a standard contract for bank owned properties. I also talk about inspection periods, deposits, cancelling your contract and how important those numbers can be if it comes to wanting to cancel your contract. There is a lot of meat and potatoes on this podcast episode for new wholesalers. 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/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 https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING 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