How To Get Started In Real Estate

Investing In Real Estate With Lex Levinrad

On this podcast episode I talk about how to get started investing in real estate. I see so many people that want to learn how to get started investing in real estate, but don't know what to do to get started. I find that it helps if you can break down your ultimate goal (financial freedom) in order to create a process of workable steps that can help you achieve your vision of where you want to be in the future. On this episode we speak about the financial freedom number of $10,000 per month in passive income. I have found many of my students mentioning this number of $10,000 as the amount of money that they would need per month in order to live comfortably without having a job. That is why we call it the financial freedom number. It's the amount of money you need per month to be free of a boss and a job and to be able to live your life on your terms. That is the ultimate goal. If you can achieve that goal then you will be free. I discuss how you can easily achieve this goal by putting together a 15 year plan to own 5 houses free and clear in 15 years. If each one of those houses rents for $2,000 per month then you will have $10,000 per month in passive income. I then talk about the steps that would be necessary for you to take to make this goal achievable. We talk about how you would need to learn how to find houses at a deep discount of at least 20% to market value in order to capture equity on every purchase. And how you would need to market to motivate sellers in order to find these types of houses at a discount. And why to get started, your best bet is to FIRST LEARN HOW TO FIND THESE HOUSES. And the best way to learn how to find these houses is by learning how to wholesale. If you are willing to look at the big picture (financial freedom), then you are able to understand that the small steps are building blocks that you will need to take to achieve your goal. STEPS 1. learn how to find houses at discounts 2. make money wholesaling these houses 3. Build up your capital by saving this money until you can buy rental properties 4. Find rental properties at 80% or less (all in) 5. Buy, repair, rent and refinance these houses 6. Keep the houses until you own them free and clear with no mortgage If you do the above, you will be very wealthy! 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