Investing In Real Estate With Lex Levinrad

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 learn more: https://www.lexlevinrad.com/midwestrev/ If you are starting to scale up your real estate business then this podcast episode is especially important for you to listen to. If you want your real estate business to thrive, you will need to be constantly marketing to motivated sellers. As your business grows, and as you make more money, you should be allocating more and more capital towards your marketing efforts. When you market to more motivated sellers then you will get more seller leads. And more seller leads means more phone calls. When you can’t answer the phone yourself, and you have too many seller leads coming in, then it’s time for you to hire a lead manager to help you with all of your incoming seller leads. That lead manager should be filtering through the leads and saving them in your CRM (we use Podio). The goal of the lead manager is to book appointments for you to meet with motivated sellers. As your lead pipeline grows, and as you market more and more, eventually you will come to a point where you cannot go on all of the appointments yourself. Or you may decide that you don’t want to. When you are at this point where you can’t go on any more appointments then it’s time for you to hire an acquisitions manager. If you want to scale and grow your focus should be on driving more leads and conversions, not answering the phones or going on appointments. You will need to hire an acquisitions manager to go on those appointments for you. The problem is, how are you going to train the acquisitions manager? How are you going to train your lead manager? What should they say? What scripts should they use? How should they overcome seller’s objections? That is where the Online Sales Training by John Martinez who is the founder of Midwest Rev is so important. John has more than 20 years of sales experience and he has applied that knowledge of sales and sales training to create an amazing resource for real estate investors. John’s training is specifically for real estate investors and real estate companies that want to learn how to train themselves and their teams to convert more leads. If you have a lead manager or an acquisitions manager, or if you are thinking of hiring for either of these two positions, then the Online REI Sales Academy is an amazing resource. Whether you are a solo real estate investor, or a real estate investment company with a few employees, you should check out John’s Sales training. It’s called the “REI Sales Academy” and it’s really good! I personally use the online sales training’s in my office with my staff. And I have all of my lead managers and acquisitions manager complete the online training. I also refer my coaching students to the Online Sales Academy as well. Many of my friends and associates in my Collective Genius Mastermind, who are some of the biggest real estate investors in the U.S. have their entire sales team complete John’s training and attend his boot camps. And all of them say the same thing – it’s awesome! Check It Out For Yourself – It comes Highly Recommended (by me) https://www.lexlevinrad.com/midwestrev/

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 flipping is to understand what the house will sell for (After Repair Value). The other key component is what it will cost to repair the house (labor and materials). If you know the answer to the After Repair Value, and you know the Repair Estimate, then it is relatively easy for you to plug those two variables into a calculator and figure out your potential profit on the fix and flip. Here is a free tool that I created for my students to use to estimate the profit margin on fix and flips: https://www.lexlevinrad.com/rehab-property-calculator You can also download the Rehab Property Calculator as an App for your phone in the Google Play and iTunes App store for free by searching for "Rehab Property Calculator". For the types of materials that I personally use on my fix and flips you can visit this link to get the materials and components that we use from Home Depot along with the SKU's: https://lexlevinrad.com/materials 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 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 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 of pocket on the purchase of the house (other than closing costs). This strategy allows you to buy a lot of real estate in a short amount of time and is how I got started investing in real estate. My first three houses were purchased by assuming the existing mortgages and most of the houses that I purchased between 2003 and 2006 were hurricane damaged houses that were purchased by assuming the existing mortgage. On this episode, I talk about specific details on how to assume a mortgage, assumptions of mortgages, due on sales clauses, land trusts and lots of good meat and potatoes information related to buying houses by taking over an existing mortgage. Disclaimer: I am NOT an attorney, CPA, Tax or Financial Advisor, and nothing on this podcast should be construed as financial, tax, or legal advice. Please consult with YOUR attorney as this is a complicated area and you need to understand the consequences of the due on sale clause. If you want to buy houses with no money down then learning how to buy houses with the existing financing in place (like the current mortgage) is the best way to do it. 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 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 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 properties to look up later. When you drive for dollars, you are looking for vacant, boarded up houses. Tell tale signs are blue tarps on the roof, lawns that are overgrown or mailboxes that are stuffed full. It is not difficult to tell when a property is neglected. Properties can be neglected because someone recently passed away, or they could be vacant because an absentee out of state landlord is having difficulty managing a property. There are many reasons why a property could be vacant, but the most obvious sign of distress and finding motivated sellers is vacant houses. Vacant houses are a gold mine for finding deals. What makes these leads so powerful is that you cannot buy these leads anywhere. The best way to find vacant houses is by driving for dollars (or hiring someone to drive for dollars for you). And if you are driving for dollars, the best tool for you to have in your arsenal is the Deal Machine App. With the Deal Machine App, you simply take a picture of the property and pin your location in the app for the property address. Deal Machine can then start a sequence of postcard mailers where they mail postcards for you to the property owner. They use the property appraiser and tax assessor info to establish the owners contact information. Your postcards can be customized and configured in your dashboard and you can change the message and the phone number. They recently added a feature that allows for even more customization to your postcards. I suggest you use call tracking on your postcards that you set up in Deal Machine. This way, you will know which calls are being generated from Deal Machine, and you can track your leads, your marketing costs and your deals closed. When you set up your mailers, you can also edit your postcard mailing frequency and set it up to mail postcards for a certain period of time (for example once a month for 6 months). Another great feature of the Deal Machine App is that you can actually look up the property owner's name and email address within the app. So you could literally pull up to a vacant property, take a picture of it, pin the location, find the owner and give them a call. This is an amazing app which takes driving for dollars to another level. We have the enterprise plan which allows us to add unlimited bird dogs to our team so we can have an entire team of property locators submitting deals to us. You can download the Deal Machine App at this link: http://www.lexlevinrad.net/dealmachine 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 in

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 almost everyone. And you want to know why? Because everyone wants to make money RIGHT NOW. No one wants to be rich in the future. Everyone wants to be rich now. The reality of life is that it doesn't work like that. The real wealth is made in sitting and holding on to your investments (Warren Buffett said that). I have houses that I purchased for $35,000 in 2009 that are now worth $225,000. I just sat on them for 10 years and basically did nothing. I was lucky enough to buy them right at the bottom of the market (when no one wanted to buy at the height of the financial crisis). I borrowed the money from private lenders and then I repaired the properties, rented them out and refinanced. I utilized this BRRR strategy with every one of those houses that I purchased. And you could too. I run through the numbers on this house showing you how much money out of pocket you as an investor would need to do this deal ($21,400) I show you the breakdown: $10,000 down payment $10,000 in repairs $5,000 in Points and Fees Less $3,600 for first last and security Your Net Out of Pocket $21,400 I explain how you can appraise this property for $160,000 and refinance it and after all fees get back $123,00. You can pay off the $106,000 hard money loan and be left with $17,000. If you deduct this $17,000 from the $21,400 net cash out of your pocket (after refinancing) you are only out $4,400. And you control a $160,000 house with just $4,400 out of pocket. And you have $32,000 in equity in that house since it appraised for $160,000 and you owe the bank $128,000. You have effectively turned $4,400 into $32,000. And if you just sit on that house for 15 years and get a 15 year mortgage it will double in value and you will own it free and clear. And in 15 years the rents will double too. I also speak about the long term growth potential of rental properties and how single family rental properties will make you rich. I recommend that you have a pen and paper handy to write down the numbers on a notepad so you can visualize it and see for yourself. 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 DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PR

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 buy the property below market and to capture equity. If you do that then you increase your net worth the day you buy the property. Even if your cash flow is only moderately positive when you buy, it will be much more positive when you refinance. This only makes sense if you gain equity when you buy. That means you should be buying wholesale deals at wholesale prices. Over time you will be able to raise rents, and your equity will increase as well. If you are smart, you will put a 15 year mortgage on that property and own it free and clear in 15 years. Remember that the goal is financial freedom. If you want to become wealthy, buying rental properties below market, repairing them, renting them out and then refinancing into a 15 year mortgage is a solid and easy way to build your wealth. I show you a few examples with my current rental properties to show you the numbers, the equity and the cash flow and tax benefits and appreciation potential over just the past 4 to 5 years. Real estate can make you very wealthy - if you are patient and you buy right. 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 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 doubt, fear and negative thoughts creep into your mind and stop you. The key to breaking out to another level is to understand that it all starts with your mindset. This is why I start every one of my real estate boot camps with mindset and we talk about books like "Think and Grow Rich", Rich Dad Poor Dad" and "Laws of Success". Mindset really is everything. If you want to succeed in life and achieve everything that you want (including happiness) then you need to start out with working on your mindset. Here is the link to the book "As a Man Thinketh" that I mentioned in the podcast" http://www.lexlevinrad.com/think 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 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 start with working on how you think. Because that is what is holding you back. If you have never had a six figure year or a six figure month then you will need to change how you think in order to get there. I cover some really good stuff in this podcast episode. It's all mindset and learning how to push yourself out of your comfort zone. At the end of the day once you do that, you realize that it's just a numbers game. How many houses you wholesale and flip is dependent on the system and the software and the people that you hire. You need to leverage people, leverage technology, leverage systems and leverage people that you hire to get to a entire new level where a six figure month is possible. Once you get there start thinking even bigger than that! The more you market, the more leads you generate. The more motivated sellers calling you, the more appointments you go on. And the more appointments you go on the more houses you buy (and flip for a profit). Eventually as you grow you won't be able to answer the phone and go on seller appointments. You will need to hire someone to do that for you. And that will be a learning curve too. But that is what you will need to do to grow. Remember, Think Bigger and Dream Bigger! 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 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 just one hour consistently driving for dollars over the past 8 weeks. He uploaded all of those houses to Deal Machine and he just got his first house under contract! I also talk about the different ways you can market to those sellers on vacant houses by mailing postcards, letters, calling them and sending them emails. If you want to try out Deal Machine you can check it out at this link: http://www.lexlevinrad.net/dealmachine Enter the code FTCYXN to get $10 off your first post card mailing 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 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 understanding After Repair Value, Repair Estimates and Maximum Offer Price. Then I discuss marketing to sellers and setting up your seller websites. I also talk about Facebook ads, direct mail (postcards) and bandit signs for sellers. I summarize for you what a beginner's wholesaling business costs would look like including call tracking, a phone system, 5 websites and marketing with bandit signs and post cards. I show you how to put all of this together and what it will cost you to realistically start out as a new wholesaler with a summary of your business costs and what it would cost you to operate. I show you how for just $500 a month you can be in business as a new wholesaler. There is a lot of information in this podcast. Make sure you take lots of notes! 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 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 recommend that you use Investor Carrot (www.lexlevinrad.com/carrot) because it and is already set up with lead capture forms that capture buyers information when they visit your website. Carrot websites are also great for SEO and will integrate very easily with mail chimp for email broadcasts. This will come in handy when you want to start marketing wholesale deals to cash buyers via email. I highly recommend that you consider getting your real estate license before you start marketing properties since you are required to have a license in order to be marketing real estate. Bandit signs are a great way to market directly in the area of the properties that you have under contract to flush out cash buyers. Try and aim for 10 new cash buyers per day. If you do this consistently then you will have 900 cash buyers in your database after just 90 days. And when you market a wholesale deal to these 900 buyer's, you will not have a problem selling your deal. STEP TWO - LEARN WHAT A DEAL IS If you are going to be talking to cash buyers, you will need to know the after repair value of houses (what the house could be sold for after being repaired) and you will need to know how to estimate the repair costs. Buyer's will ask you questions like "how much is it worth" and "what does it need". What they are really asking is what is the ARV (after repair value) and how much repairs does it need. If you don't know the answers to these basic questions then you will not be able to sell properties to cash buyers. If I asked you this question and your answer was vague I would not answer the phone again when you called. STEP THREE - MARKET TO SELLERS Once you have cash buyers, you will need to have properties to sell to your cash buyers. In order to have a consistent pipeline of leads you will need to be consistently marketing to motivated sellers. the key word is to be CONSISTENT with your marketing. It does you no good to start and stop your marketing. This marketing can be bandit signs, Facebook Ads, or Direct Mail. But you must be marketing. And when you get a seller that wants to sell and you need to make an offer then you need to know how much to offer. And this is where understanding what a deal is become so important. You need to understand the ARV and the repairs (step two above). If you don't know how to estimate what a house is worth or how to estimate the repairs then I highly recommend that you come to my Wholesaling Real Estate Boot Camp (which is held in May and September). This boot camp is for beginners and teaches you how to estimate ARV and repairs. I take my students to bank owned properties and show them on site how to estimate what the house is worth and how much repairs are needed and how to calculate how much to offer. 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

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 recommend that you use Investor Carrot (www.lexlevinrad.com/carrot) because it and is already set up with lead capture forms that capture buyers information when they visit your website. Carrot websites are also great for SEO and will integrate very easily with mail chimp for email broadcasts. This will come in handy when you want to start marketing wholesale deals to cash buyers via email. I highly recommend that you consider getting your real estate license before you start marketing properties since you are required to have a license in order to be marketing real estate. Bandit signs are a great way to market directly in the area of the properties that you have under contract to flush out cash buyers. Try and aim for 10 new cash buyers per day. If you do this consistently then you will have 900 cash buyers in your database after just 90 days. And when you market a wholesale deal to these 900 buyer's, you will not have a problem selling your deal. STEP TWO - LEARN WHAT A DEAL IS If you are going to be talking to cash buyers, you will need to know the after repair value of houses (what the house could be sold for after being repaired) and you will need to know how to estimate the repair costs. Buyer's will ask you questions like "how much is it worth" and "what does it need". What they are really asking is what is the ARV (after repair value) and how much repairs does it need. If you don't know the answers to these basic questions then you will not be able to sell properties to cash buyers. If I asked you this question and your answer was vague I would not answer the phone again when you called. STEP THREE - MARKET TO SELLERS Once you have cash buyers, you will need to have properties to sell to your cash buyers. In order to have a consistent pipeline of leads you will need to be consistently marketing to motivated sellers. the key word is to be CONSISTENT with your marketing. It does you no good to start and stop your marketing. This marketing can be bandit signs, Facebook Ads, or Direct Mail. But you must be marketing. And when you get a seller that wants to sell and you need to make an offer then you need to know how much to offer. And this is where understanding what a deal is become so important. You need to understand the ARV and the repairs (step two above). If you don't know how to estimate what a house is worth or how to estimate the repairs then I highly recommend that you come to my Wholesaling Real Estate Boot Camp (which is held in May and September). This boot camp is for beginners and teaches you how to estimate ARV and repairs. I take my students to bank owned properties and show them on site how to estimate what the house is worth and how much repairs are needed and how to calculate how much to offer. 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

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 * In the field talking to contractors * Virtual assistants scraping past sales data * Comparable Sales report showing cash sales * Your website 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 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 * In the field talking to contractors * Virtual assistants scraping past sales data * Comparable Sales report showing cash sales * Your website 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 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 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