Investing In Real Estate With Lex Levinrad

Do you want to learn how to buy rental properties, wholesale real estate and flip houses? Join Lex Levinrad on the Investing in Real Estate Podcast and learn how YOU can get started investing in real estate today. This podcast is full of ACTION PACKED information and CONCRETE ACTION STEPS that you can start taking TODAY to learn how to start investing in real estate, buying rental properties, fixing and flipping and wholesaling houses. Join Lex as he talks about EVERY TOPIC related to INVESTING IN REAL ESTATE including wholesaling, locating deals, finding properties, flipping properties, hard money lenders, online auction sites, marketing for motivated sellers, building your cash buyer lists, deal structuring, fixing and flipping, buying and holding real estate long term, buying rental properties, buy repair rent and refinance, and investing in Airbnb. Lex has trained thousands of students from all over the world how to invest in real estate. Lex has personally flipped over 1,000 houses and he can teach you the one thing that everyone is looking for - FINANCIAL FREEDOM. Listen to Lex interview some of his successful students who have quit their jobs and now flip houses for a living. If you want to get MOTIVATED and INSPIRED by people who are actually flipping houses RIGHT NOW, then LISTEN TO THIS PODCAST. Lex will also introduce you to some of his real estate friends and he will interview some of the biggest wholesalers and flippers in the country. You will learn from the experience of real estate investors who are doing deals every single day, investors who are literally doing thousands of deals. Listen to this podcast so YOU can learn how to achieve massive results investing in real estate. If you want to learn how to invest in real estate and how to find, fix and flip houses for a living (and maybe even quit your job) then SUBSCRIBE TO THIS PODCAST.

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Creative Finance Methods That Work In Today's Market

Updated 6 months ago.

On this podcast episode I talk about creative finance methods that are working in today's market and how you can employ these methods to make you a better real estate investor.

The biggest issue in today's market is that there is a gap between seller's expectations and what they think their house is worth, relative to what a cash investor is willing to pay.

The reason for this is because prices went up so much for so long that sellers became accustomed to getting close to market value (or close to the Zillow estimate).

When there is a gap between what a seller is willing to accept and what the cash investor is willing to pay, then often turning to creative financing methods will help bridge that gap.

One strategy that helps sellers get closer to retail is the Novations Strategy which we spoke about with our guest Eric Brewer on a previous podcast episode. This works well if the seller wants a price that is close to retail, and will not come down to the price you are willing to pay for a cash offer.

Another strategy that you want to be able to employ is buying "subject to the seller's existing mortgage" which essentially means taking over their mortgage payments. To do this right, I suggest you do it with an attorney and have the attorney handle the closing for you.

Another strategy that is very useful is seller financing where the seller is financing your mortgage. This works well if the seller is older and is okay with receiving his payments over time. This allows you to give the seller his price as long as you get good terms (a low interest rate and a long term mortgage).

The key thing to understand is the position of the homeowner relative to their equity. Do they have positive equity, no equity or negative equity?

If the seller's equity is close to what they owe the bank, then their goal is to simply walk away from the house and pay off the mortgage. In a situation like this it would benefit you to know how much the mortgage payment is, whether that payment includes taxes and insurance and how long is left on that mortgage. This strategy is especially useful if the property could rent for a lot more than the mortgage payment.

If the seller is negative equity, then the only thing you can do is a short sale. I suggest you hire a short sale negotiator and pay them a fee instead of trying to learn how to put a short sale package together yourself.

If the seller has a lot of equity, or if they own the house free and clear, then you should be looking to see if they would be willing to do seller financing where the seller will finance the mortgage for you.

You can do this by offering to pay them a fixed amount for a certain number of months, or by simply creating a fixed mortgage with an amortization schedule. The easiest way to do this is by using an online mortgage calculator to calculate the payment schedule.

With so many leads currently being foreclosures and pre-foreclosures, it's a good idea for you to make sure that you understand how foreclosures work in your State.

Many homeowners in foreclosure are emotionally "done" with the property and simply want to "walk away" (if they can). As a real estate investor you need to figure out if there is a way for you to buy their property, pay off the bank and let them walk away from the emotional headache that comes with being in foreclosure.

You must know how to use creative finance methods when you are negotiating with sellers. You never know if a seller will be negative equity, breakeven equity, in foreclosure or whether they own a property free and clear. As an investor, you should have a solution for every one of these situations.

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If you are brand new to real estate and want to learn more about our real estate training programs, investing in real estate, buying rental properties, wholesaling real estate, and fixing and flipping houses then please register using the free webinar training links below:

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