Investing In Real Estate With Lex Levinrad

Do you want to learn how to wholesale real estate and flip properties? Join Lex Levinrad on the Investing in Real Estate Podcast and learn how YOU can get started flipping houses 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 and flipping real estate. 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 and rental properties. 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 flip houses for a living and maybe even quit your job then SUBSCRIBE TO THIS PODCAST.

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The Cost of Borrowing Money

Updated 3 months ago.

On this podcast episode I talk about the cost of borrowing money and specifically the fear of borrowing money (which I see many beginners have).

I use a live case study of a house that I am currently fixing and flipping in Cocoa Beach, which will be listed on the MLS in the next few weeks for $169,900. My purchase price was $55,000.

On this fix and flip case study, I borrowed ALL of the money. I borrowed the $55,000 to purchase the property and I also borrowed the $30,000 to repair the property. My out of pocket cost at closing was zero. And I received a check of $28,000 which I used to contribute towards the cost of the repairs. I only needed to lay out $2,000 from my pocket for closing costs and another $1,800 for taxes, insurance and utilities. The net cash that I laid out from my pocket was only $3,800 on this house.

The profit on this deal is $58,950 assuming I can net a sales price of $160,000. That profit of $58,950 is AFTER commissions, interest, insurance, repairs, utilities and closing costs.

That profit of $58,900 is on an investment of only $3,800 cash out of pocket. That represents a return on cash invested of 1,550% which is HUGE.

If you want to be a real estate investor, then you are going to need to get over your fear of borrowing money. You will also need to fix your credit and learn how to pay your bills (and interest) on time.

You need to learn how to borrow money from investors, and you need to learn how to leverage that money to make even more money. Remember that the KEY to growing your business is learning how to borrow money.

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

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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

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