Investing In Real Estate With Lex Levinrad

This is part three of the How To Get Started Wholesaling Real Estate Series. Please make sure you listen to Wholesaling Real Estate Part One and Part Two before you listen to this episode since this podcast builds up on the information contained in the previous two podcast episodes. On episode one, we spoke about how you need to have a property to flip, a cash investor to flip the house to, and the money to fund the deal. On episode two, we spoke about After Repair Value, Estimating what the property is worth, comparable sales and repair estimates. On this episode I talk about making your first offer, submitting bids, knowing how much to offer, exit strategies and why you should get your real estate license. 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 is part three of the How To Get Started Wholesaling Real Estate Series. Please make sure you listen to Wholesaling Real Estate Part One and Part Two before you listen to this episode since this podcast builds up on the information contained in the previous two podcast episodes. On episode one, we spoke about how you need to have a property to flip, a cash investor to flip the house to, and the money to fund the deal. On episode two, we spoke about After Repair Value, Estimating what the property is worth, comparable sales and repair estimates. On this episode I talk about making your first offer, submitting bids, knowing how much to offer, exit strategies and why you should get your real estate license. 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 is part three of the How To Get Started Wholesaling Real Estate Series. Please make sure you listen to Wholesaling Real Estate Part One and Part Two before you listen to this episode since this podcast builds up on the information contained in the previous two podcast episodes. On episode one, we spoke about how you need to have a property to flip, a cash investor to flip the house to, and the money to fund the deal. On episode two, we spoke about After Repair Value, Estimating what the property is worth, comparable sales and repair estimates. On this episode I talk about making your first offer, submitting bids, knowing how much to offer, exit strategies and why you should get your real estate license. 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 the previous podcast episode (Wholesaling Real Estate Part 1) I spoke about the three things that you need in order to wholesale a property which were: 1. having a property to flip 2. having a cash buyer to flip the house to 3. having the money to fund the flip On this podcast episode (part 2) I am following up on part 1 and digging deeper into the first item in the list above which is learning how to find a property and evaluate a property in order to have a house to flip to another investor. This is the essence of wholesaling. You can have the best web site and tons of leads but if you don't know how to evaluate what a property is worth and how much you can flip it for then you will be constantly facing an uphill battle. In my opinion this is what happens to the majority of new wholesalers who focus on lead generation and websites before understanding the basic fundamentals. In order to flip a property to a cash investor, you will need to know what the house is worth retail, completely fixed up for sale to an end buyer. We call this After Repair Value or ARV. In order to establish ARV you need to have access to and know how to interpret the comparable sales. And then finally you would need to know what it would cost to fix the house up (this is called the repair estimate). To summarize, in order to make offers on properties you need to know: 1. After Repair Value (ARV) 2. Comparable Sales 3. Repair Estimates It is much more difficult to flip houses when you don't know what it would cost to repair the house or have an accurate ARV. You need this information in order to be able to talk intelligently with other wholesalers and cash investors that are looking for wholesale deals. I always tell new investors that want to learn how to wholesale to focus on action steps that put money in their bank account. If you can learn how to identify a wholesale deal then the money will follow since finding cash buyers or the money to fund your flips is not the difficult part. The part that is most challenging for beginners to wholesaling is learning how to identify great deals, knowing which properties to make offers on and how much to offer. 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 the previous podcast episode (Wholesaling Real Estate Part 1) I spoke about the three things that you need in order to wholesale a property which were: 1. having a property to flip 2. having a cash buyer to flip the house to 3. having the money to fund the flip On this podcast episode (part 2) I am following up on part 1 and digging deeper into the first item in the list above which is learning how to find a property and evaluate a property in order to have a house to flip to another investor. This is the essence of wholesaling. You can have the best web site and tons of leads but if you don't know how to evaluate what a property is worth and how much you can flip it for then you will be constantly facing an uphill battle. In my opinion this is what happens to the majority of new wholesalers who focus on lead generation and websites before understanding the basic fundamentals. In order to flip a property to a cash investor, you will need to know what the house is worth retail, completely fixed up for sale to an end buyer. We call this After Repair Value or ARV. In order to establish ARV you need to have access to and know how to interpret the comparable sales. And then finally you would need to know what it would cost to fix the house up (this is called the repair estimate). To summarize, in order to make offers on properties you need to know: 1. After Repair Value (ARV) 2. Comparable Sales 3. Repair Estimates It is much more difficult to flip houses when you don't know what it would cost to repair the house or have an accurate ARV. You need this information in order to be able to talk intelligently with other wholesalers and cash investors that are looking for wholesale deals. I always tell new investors that want to learn how to wholesale to focus on action steps that put money in their bank account. If you can learn how to identify a wholesale deal then the money will follow since finding cash buyers or the money to fund your flips is not the difficult part. The part that is most challenging for beginners to wholesaling is learning how to identify great deals, knowing which properties to make offers on and how much to offer. 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 the previous podcast episode (Wholesaling Real Estate Part 1) I spoke about the three things that you need in order to wholesale a property which were: 1. having a property to flip 2. having a cash buyer to flip the house to 3. having the money to fund the flip On this podcast episode (part 2) I am following up on part 1 and digging deeper into the first item in the list above which is learning how to find a property and evaluate a property in order to have a house to flip to another investor. This is the essence of wholesaling. You can have the best web site and tons of leads but if you don't know how to evaluate what a property is worth and how much you can flip it for then you will be constantly facing an uphill battle. In my opinion this is what happens to the majority of new wholesalers who focus on lead generation and websites before understanding the basic fundamentals. In order to flip a property to a cash investor, you will need to know what the house is worth retail, completely fixed up for sale to an end buyer. We call this After Repair Value or ARV. In order to establish ARV you need to have access to and know how to interpret the comparable sales. And then finally you would need to know what it would cost to fix the house up (this is called the repair estimate). To summarize, in order to make offers on properties you need to know: 1. After Repair Value (ARV) 2. Comparable Sales 3. Repair Estimates It is much more difficult to flip houses when you don't know what it would cost to repair the house or have an accurate ARV. You need this information in order to be able to talk intelligently with other wholesalers and cash investors that are looking for wholesale deals. I always tell new investors that want to learn how to wholesale to focus on action steps that put money in their bank account. If you can learn how to identify a wholesale deal then the money will follow since finding cash buyers or the money to fund your flips is not the difficult part. The part that is most challenging for beginners to wholesaling is learning how to identify great deals, knowing which properties to make offers on and how much to offer. 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 discuss how to get started wholesaling real estate. This is part one which is basically an introduction to wholesaling. I talk about the 3 main components of wholesaling which are: 1. Finding Houses To Flip To Investors 2. Finding Cash Buyers To Buy These Houses 3. Finding The Money To Fund These Flips The above 3 items are the essence of the foundation of wholesaling real estate. I find that far too many beginners that are new to wholesaling, spend way too much time focusing on things that don't make them any money. For example: setting up their business, opening LLC's, setting up checking accounts, creating web sites and business cards, mailing postcards, setting up CRM's and phone systems etc. While you will need all of the above in order to be a full time real estate investor, if you are a beginner, spending money without making money is a recipe for disaster. The number one most important criteria for a business to succeed is cash flow. If you spend 6 months or a year and have only expenses going out and no income coming in then you will constantly be losing money and will probably quit at some point. And that is exactly what 95% (or more) of new investors do. And that makes it easier for the seasoned investors that stick around to scoop up all of the deals. Have you ever wondered why there are only a handful of wholesalers making most of the money in each market? It's because the ones that stay start making a lot of money and the more they make the more they can spend on marketing, advertising and lead generation. What I want you to spend your first few months focusing on, is how to find houses and how to evaluate what these houses are worth. If you can do this well, then there are many cash investors (like me) that would be very happy to buy these houses from you for a fee. I used the example in the podcast of if you could find houses at 50 cents on the dollar and sell them to me at 60 cents on the dollar I would buy every house you showed me. The trick is finding those houses - not finding the cash or the cash buyer. There is no shortage of cash and there is no shortage of cash buyers. What everyone is looking for is a great wholesale deal. So focus on learning how to find deals. Once you find deals and flip them to cash investors you will start making money. When you start making a profit, you can deploy some of that profit into setting up web sites, marketing, advertising and lead generation. And then you too will be one of the contenders in your market. Your biggest challenge is not quitting before that happens. And the easiest way to make sure you don't quit is by focusing on profit first. Focus on making some money flipping a house and the rest will fall into place. The foundation of wholesaling (and real estate) is learning how to find a good deal, and knowing how to evaluate what you should be offering on that deal. If you know how to do this then you can be making offers all day. And the more offers you make, the more deals you will get. The more deals you get, the more deals you will wholesale. Enjoy the podcast.

On this podcast episode I discuss how to get started wholesaling real estate. This is part one which is basically an introduction to wholesaling. I talk about the 3 main components of wholesaling which are: 1. Finding Houses To Flip To Investors 2. Finding Cash Buyers To Buy These Houses 3. Finding The Money To Fund These Flips The above 3 items are the essence of the foundation of wholesaling real estate. I find that far too many beginners that are new to wholesaling, spend way too much time focusing on things that don't make them any money. For example: setting up their business, opening LLC's, setting up checking accounts, creating web sites and business cards, mailing postcards, setting up CRM's and phone systems etc. While you will need all of the above in order to be a full time real estate investor, if you are a beginner, spending money without making money is a recipe for disaster. The number one most important criteria for a business to succeed is cash flow. If you spend 6 months or a year and have only expenses going out and no income coming in then you will constantly be losing money and will probably quit at some point. And that is exactly what 95% (or more) of new investors do. And that makes it easier for the seasoned investors that stick around to scoop up all of the deals. Have you ever wondered why there are only a handful of wholesalers making most of the money in each market? It's because the ones that stay start making a lot of money and the more they make the more they can spend on marketing, advertising and lead generation. What I want you to spend your first few months focusing on, is how to find houses and how to evaluate what these houses are worth. If you can do this well, then there are many cash investors (like me) that would be very happy to buy these houses from you for a fee. I used the example in the podcast of if you could find houses at 50 cents on the dollar and sell them to me at 60 cents on the dollar I would buy every house you showed me. The trick is finding those houses - not finding the cash or the cash buyer. There is no shortage of cash and there is no shortage of cash buyers. What everyone is looking for is a great wholesale deal. So focus on learning how to find deals. Once you find deals and flip them to cash investors you will start making money. When you start making a profit, you can deploy some of that profit into setting up web sites, marketing, advertising and lead generation. And then you too will be one of the contenders in your market. Your biggest challenge is not quitting before that happens. And the easiest way to make sure you don't quit is by focusing on profit first. Focus on making some money flipping a house and the rest will fall into place. The foundation of wholesaling (and real estate) is learning how to find a good deal, and knowing how to evaluate what you should be offering on that deal. If you know how to do this then you can be making offers all day. And the more offers you make, the more deals you will get. The more deals you get, the more deals you will wholesale. Enjoy the podcast.

On this podcast episode I discuss how to get started wholesaling real estate. This is part one which is basically an introduction to wholesaling. I talk about the 3 main components of wholesaling which are: 1. Finding Houses To Flip To Investors 2. Finding Cash Buyers To Buy These Houses 3. Finding The Money To Fund These Flips The above 3 items are the essence of the foundation of wholesaling real estate. I find that far too many beginners that are new to wholesaling, spend way too much time focusing on things that don't make them any money. For example: setting up their business, opening LLC's, setting up checking accounts, creating web sites and business cards, mailing postcards, setting up CRM's and phone systems etc. While you will need all of the above in order to be a full time real estate investor, if you are a beginner, spending money without making money is a recipe for disaster. The number one most important criteria for a business to succeed is cash flow. If you spend 6 months or a year and have only expenses going out and no income coming in then you will constantly be losing money and will probably quit at some point. And that is exactly what 95% (or more) of new investors do. And that makes it easier for the seasoned investors that stick around to scoop up all of the deals. Have you ever wondered why there are only a handful of wholesalers making most of the money in each market? It's because the ones that stay start making a lot of money and the more they make the more they can spend on marketing, advertising and lead generation. What I want you to spend your first few months focusing on, is how to find houses and how to evaluate what these houses are worth. If you can do this well, then there are many cash investors (like me) that would be very happy to buy these houses from you for a fee. I used the example in the podcast of if you could find houses at 50 cents on the dollar and sell them to me at 60 cents on the dollar I would buy every house you showed me. The trick is finding those houses - not finding the cash or the cash buyer. There is no shortage of cash and there is no shortage of cash buyers. What everyone is looking for is a great wholesale deal. So focus on learning how to find deals. Once you find deals and flip them to cash investors you will start making money. When you start making a profit, you can deploy some of that profit into setting up web sites, marketing, advertising and lead generation. And then you too will be one of the contenders in your market. Your biggest challenge is not quitting before that happens. And the easiest way to make sure you don't quit is by focusing on profit first. Focus on making some money flipping a house and the rest will fall into place. The foundation of wholesaling (and real estate) is learning how to find a good deal, and knowing how to evaluate what you should be offering on that deal. If you know how to do this then you can be making offers all day. And the more offers you make, the more deals you will get. The more deals you get, the more deals you will wholesale. Enjoy the podcast.

We have a lot of questions coming in asking about rental properties and turn key rental properties. Today's podcast episode talks about Turn Key Rental properties in Florida. On this episode I discuss a typical turn key rental property that we sell to our investors with property management included. The example that I used on this podcast is a 3 bedroom 2 bathroom house in Port St Lucie, Florida. This house can be purchased for $175,000 and would rent for $1,350 per month. At this price assuming a 20% down mortgage and an interest rate of 5.25 percent, the annual total return on investment would be a little over 10%. This includes cash flow, tax savings and principal pay down. If you would like to see pictures of this property you can them on my web site at: https://www.lexlevinrad.com/turnkeyrentalproperty

We have a lot of questions coming in asking about rental properties and turn key rental properties. Today's podcast episode talks about Turn Key Rental properties in Florida. On this episode I discuss a typical turn key rental property that we sell to our investors with property management included. The example that I used on this podcast is a 3 bedroom 2 bathroom house in Port St Lucie, Florida. This house can be purchased for $175,000 and would rent for $1,350 per month. At this price assuming a 20% down mortgage and an interest rate of 5.25 percent, the annual total return on investment would be a little over 10%. This includes cash flow, tax savings and principal pay down. If you would like to see pictures of this property you can them on my web site at: https://www.lexlevinrad.com/turnkeyrentalproperty

We have a lot of questions coming in asking about rental properties and turn key rental properties. Today's podcast episode talks about Turn Key Rental properties in Florida. On this episode I discuss a typical turn key rental property that we sell to our investors with property management included. The example that I used on this podcast is a 3 bedroom 2 bathroom house in Port St Lucie, Florida. This house can be purchased for $175,000 and would rent for $1,350 per month. At this price assuming a 20% down mortgage and an interest rate of 5.25 percent, the annual total return on investment would be a little over 10%. This includes cash flow, tax savings and principal pay down. If you would like to see pictures of this property you can them on my web site at: https://www.lexlevinrad.com/turnkeyrentalproperty

On this podcast episode I talk about buying rental properties with no money down. No money down real estate investing is one of the most overlooked and misunderstood aspects of investing in real estate. I have had real estate agents and mortgage brokers tell me that it is impossible to buy real estate with no money down. Even my own mortgage broker who refinanced my rental properties could not quite grasp the concept of what I was doing. But the topic is incredibly simple. If you find a wholesale deal at a huge discount to ARV, for example a $100,000 ARV house that can be purchased for $50,000 then you will be able to buy the house with no money down. Most people get confused and think no money down means no money down. What it really means is none of YOUR money down. In the example on this podcast we talk about how you would need around $37,000 in cash to buy and repair this house with a hard money loan, but after refinancing, you would get back that same $37,000. So effectively, none of your cash would be in the deal (after you refinanced). But yet you would own the rental property, and have $20,000 of equity in that rental property. After you get your $37,000 in cash back, you could use the same $37,000 to buy rental property number 2. You could keep doing this until you owned 10 rental properties which is the current Fannie Mae limit. After 10 properties you would need to get creative and start using LLC's or other entities to purchase. The first 10 houses is actually the easiest. The key is to understand that you have to buy the property at a deep discount to ARV. That is the part that is most challenging for new real estate investors to understand. It is also the most important concept that I recommend that you learn first before you start diving into mailers, web sites and other things. That is why I focus on teaching this at the Wholesaling Real Estate Boot Camp. The reason I say this is the most important thing is because if you can find deals at huge discounts, you will make a lot of money. You can wholesale them, fix and flip them, or fix and rent them. Everything is predicated on being able to find good deals at huge discounts to market value. Learn that first. It would be helpful for you to have a notepad and pen in order to follow the examples in this podcast. When I do this exercise at my boot camp, it usually takes the students around 30 minutes of explaining it a few times for them to really understand the concept Once you understand this concept, then you will realize that you really are just one deal away from financial freedom. Why? Because if the only thing stopping you is that $37,000 then one flip could make you that $37,000. Or 1 or 2 wholesale flips could make you that money. Once you have the experience of a few fix and flips, or buy, fix and rents under your belt you will find it relatively easy to find private lenders that will lend you money at 10% interest. Many of these lenders will be okay with lending you 100% of the rehab money as well. In fact even institutional lenders lend 100% of the repair money. So all you really need to get started is 10% down. And that one great deal! So focus your energy on learning how to find that great deal. It is the first step towards your financial freedom. Enjoy the podcast!

On this podcast episode I talk about buying rental properties with no money down. No money down real estate investing is one of the most overlooked and misunderstood aspects of investing in real estate. I have had real estate agents and mortgage brokers tell me that it is impossible to buy real estate with no money down. Even my own mortgage broker who refinanced my rental properties could not quite grasp the concept of what I was doing. But the topic is incredibly simple. If you find a wholesale deal at a huge discount to ARV, for example a $100,000 ARV house that can be purchased for $50,000 then you will be able to buy the house with no money down. Most people get confused and think no money down means no money down. What it really means is none of YOUR money down. In the example on this podcast we talk about how you would need around $37,000 in cash to buy and repair this house with a hard money loan, but after refinancing, you would get back that same $37,000. So effectively, none of your cash would be in the deal (after you refinanced). But yet you would own the rental property, and have $20,000 of equity in that rental property. After you get your $37,000 in cash back, you could use the same $37,000 to buy rental property number 2. You could keep doing this until you owned 10 rental properties which is the current Fannie Mae limit. After 10 properties you would need to get creative and start using LLC's or other entities to purchase. The first 10 houses is actually the easiest. The key is to understand that you have to buy the property at a deep discount to ARV. That is the part that is most challenging for new real estate investors to understand. It is also the most important concept that I recommend that you learn first before you start diving into mailers, web sites and other things. That is why I focus on teaching this at the Wholesaling Real Estate Boot Camp. The reason I say this is the most important thing is because if you can find deals at huge discounts, you will make a lot of money. You can wholesale them, fix and flip them, or fix and rent them. Everything is predicated on being able to find good deals at huge discounts to market value. Learn that first. It would be helpful for you to have a notepad and pen in order to follow the examples in this podcast. When I do this exercise at my boot camp, it usually takes the students around 30 minutes of explaining it a few times for them to really understand the concept Once you understand this concept, then you will realize that you really are just one deal away from financial freedom. Why? Because if the only thing stopping you is that $37,000 then one flip could make you that $37,000. Or 1 or 2 wholesale flips could make you that money. Once you have the experience of a few fix and flips, or buy, fix and rents under your belt you will find it relatively easy to find private lenders that will lend you money at 10% interest. Many of these lenders will be okay with lending you 100% of the rehab money as well. In fact even institutional lenders lend 100% of the repair money. So all you really need to get started is 10% down. And that one great deal! So focus your energy on learning how to find that great deal. It is the first step towards your financial freedom. Enjoy the podcast!

On this podcast episode I talk about buying rental properties with no money down. No money down real estate investing is one of the most overlooked and misunderstood aspects of investing in real estate. I have had real estate agents and mortgage brokers tell me that it is impossible to buy real estate with no money down. Even my own mortgage broker who refinanced my rental properties could not quite grasp the concept of what I was doing. But the topic is incredibly simple. If you find a wholesale deal at a huge discount to ARV, for example a $100,000 ARV house that can be purchased for $50,000 then you will be able to buy the house with no money down. Most people get confused and think no money down means no money down. What it really means is none of YOUR money down. In the example on this podcast we talk about how you would need around $37,000 in cash to buy and repair this house with a hard money loan, but after refinancing, you would get back that same $37,000. So effectively, none of your cash would be in the deal (after you refinanced). But yet you would own the rental property, and have $20,000 of equity in that rental property. After you get your $37,000 in cash back, you could use the same $37,000 to buy rental property number 2. You could keep doing this until you owned 10 rental properties which is the current Fannie Mae limit. After 10 properties you would need to get creative and start using LLC's or other entities to purchase. The first 10 houses is actually the easiest. The key is to understand that you have to buy the property at a deep discount to ARV. That is the part that is most challenging for new real estate investors to understand. It is also the most important concept that I recommend that you learn first before you start diving into mailers, web sites and other things. That is why I focus on teaching this at the Wholesaling Real Estate Boot Camp. The reason I say this is the most important thing is because if you can find deals at huge discounts, you will make a lot of money. You can wholesale them, fix and flip them, or fix and rent them. Everything is predicated on being able to find good deals at huge discounts to market value. Learn that first. It would be helpful for you to have a notepad and pen in order to follow the examples in this podcast. When I do this exercise at my boot camp, it usually takes the students around 30 minutes of explaining it a few times for them to really understand the concept Once you understand this concept, then you will realize that you really are just one deal away from financial freedom. Why? Because if the only thing stopping you is that $37,000 then one flip could make you that $37,000. Or 1 or 2 wholesale flips could make you that money. Once you have the experience of a few fix and flips, or buy, fix and rents under your belt you will find it relatively easy to find private lenders that will lend you money at 10% interest. Many of these lenders will be okay with lending you 100% of the rehab money as well. In fact even institutional lenders lend 100% of the repair money. So all you really need to get started is 10% down. And that one great deal! So focus your energy on learning how to find that great deal. It is the first step towards your financial freedom. Enjoy the podcast!