Lex Levinrad
Lex Levinrad has been a full time distressed real estate investor since 2003. He has been involved in buying, rehabbing, wholesaling, renting, and selling hundreds of houses in South Florida. Lex is the founder and CEO of the Distressed Real Estate Institute, which trains beginning distressed real estate investors about how to find wholesale real estate deals. He specializes in buying foreclosures and bank owned REO homes and offers private mentoring, bus tours, boot camps and home study courses for real estate investors. Lex Levinrad is an accomplished national public speaker and has shared the stage with some of the countries best real estate speakers. Lex Levinrad has authored numerous books about real estate and is also the the founder of the Distressed Real Estate Investors Association (DREIA) and the co-founder of the Port St Lucie Real Estate Investors Association (PSLREIA).
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What You Should Know About Being A Landlord
The decline in real estate prices has created a tremendous opportunity to invest in real estate at very low prices. Prices have declined significantly to the point where positive cash flow on rental properties is a reality. Many investors are considering becoming landlords for the first time. Owning real estate long term is one of the easiest ways to create long term wealth. However, before you jump in to the deep end consider the following tips from a landlord with many rental properties.Being a landlord is a very tough job. You will need to be emotionally ready to deal with…
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Using Private Investors Money To Wholesale REO Properties
Today’s real estate market presents investor buyers many fantastic bargains and opportunities to make money. The huge amount of bank foreclosures has led to a tidal wave of bank owned REO properties which has flooded the market with low priced properties. Astute investors are taking advantage of this situation to scoop up houses at bargain basement prices.If you are considering investing in bank owned properties then you will need to be a cash buyer, you will get the best deals by doing so. This means that you will be required to show proof of funds which is usually a bank…
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Strategies for Selling Properties At Full Price Part 2
A real estate investor can be very successful when using any of the 5 creative real estate investing selling strategies found in Part I of Strategies for Selling Properties At Full Price. Let’s pick up from the last selling investment property strategy covered in Part I:Selling Investment Property Strategy #5 – Seller Financing/Lease OptionsYou can also use creative strategies to sell your house without using a real estate agent and a mortgage broker. If you do not have pre-approved buyers and you are worried that the house will not appraise for a high enough value then you should consider seller…
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Strategies for Selling Properties At Full Price
Real estate investors often only look at a real estate investment only from their own investment perspective. However, sometimes it can be beneficial for you as the real estate investor to put yourself in someone else’s shoes in order to see things from their perspective. Doing this can help you to think out of the box and if you can figure out how to resolve their problems then you can use creative real estate strategies to make a very healthy profit when you sell your properties.Selling Investment Property Strategy #1 – Think Like a BuyerI will give you an example…
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Returns On Investing In Single Family Rentals (Gross Rental Yields)
If you are thinking about investing in single family rental properties then it is useful to have a tool that you can use to compare rents across different markets and cities in the U.SOne of the easiest tools to use to analyze rental properties is called the “Gross Rental Yield”.Although prices have increased since the 2010 lows, there are still many markets with very attractive rates of return on Single Family Rental Properties. A simple way to view these rates of return side by side in order to compare returns in different cities is by using the Gross Rental Yield.This…
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Rental House Investments Beats Investing In Stocks
After seeing the stock market and real estate market decline so significantly the past few years, many investors are wondering whether now is a better time to buy stocks or invest in real estate and which would be a better investment?Real Estate Investing vs. Stock Market InvestingConsider the following facts about a recent rental house purchase which was purchased a few weeks ago. The house in question was purchased in Port St Lucie, Florida and was a bank owned REO property which was purchased directly from the bank.Purchase Price _________________ $47,500Monthly Rental _________________ $800Annual Rental Income____________$9,600Less Annual Insurance___________ $1,045Less Property…
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Private Lending – How it Works For Investors & Lenders
Banks will not lend money on damaged properties. Damaged properties cannot get insurance. And banks don’t lend on properties with no insurance. Banks lend based on a set criteria. A typical conventional loan is an 80/20 loan meaning you put down 20% and you borrow 80%. Naturally there are many other types of loans but they are all based on a percentage of the contract price.Let me say that again.How Do Banks Loan Money?They loan based on a percentage of the contract price. NOT based on the value of the property. If the contract price is too high then the…
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Keys To Successfully Managing Your Own Rental Properties
The decline in real estate prices has created a tremendous opportunity to invest in real estate at very low prices. Prices have declined significantly to the point where positive cash flow on rental properties is a reality.The crisis in rental housing is creating a scenario for investors where investing in Single Family rental properties could be the best investment to make right now and for the foreseeable future.When you compare the returns from investing in rental properties, along with the looming rent crisis in affordable housing you see a clear picture of how appealing investing in single family rental properties…
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Is It Possible To Buy Real Estate With No Money Down?
I have heard many questions over the years from students about whether or not it is really possible to buy real estate with no money down. The most frequent questions I get are from mortgage brokers and realtors. Since mortgage brokers are by definition trained to fund a loan based on bank requirements like 20% down payments, then by definition anything else seems to be beyond the scope of their possibilities. It has been my experience that many real estate professionals don’t seem to understand the concept of no money down deals.What Is No Money Down?Firstly, the definition of no…
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Investing in Foreclosures for Beginners
If you are thinking about investing in foreclosures there are some key points for you to consider before you begin investing. The first step for you to understand is how the foreclosure process works. The foreclosure process can be broken down into three key components.Pre-ForeclosureForeclosure AuctionREOPre-foreclosureThe first step in the foreclosure process is called pre-foreclosure. When a homeowner has not paid their mortgage for more than ninety days the bank that owns the mortgage on that property files what is called a “lis pendens” which means “suit pending” in Latin.A “lis pendens” is a written public notice that a lawsuit…
