Lex Levinrad has been a full time real estate investor since 2003. Lex has purchased and rehabbed, wholesaled, fixed, flipped and rented more than 500 houses. Lex is an active real estate investor and wholesales 10 to 20 houses every single month. Lex also fixes and flips properties as well as manages a large portfolio of rental properties.
Lex is the founder and CEO of the Distressed Real Estate Institute™, which trains new real estate investors how to buy, wholesale, fix and flip properties. Lex specializes in buying foreclosures, short sales and bank owned properties (REO’s) and has trained thousands of students from all over the world how to make money in real estate by wholesaling, fixing and flipping properties through the Distressed Real Estate Institute Training and Coaching Programs™.
Lex is a nationally recognized speaker and has shared the stage with some of the country’s biggest real estate speakers. Lex has authored 7 books about investing in real estate and has been featured on Fox News Radio, ABC, CBS, Sun Sentinel, Miami Herald, The Real Deal, Mortgage Daily News, Yahoo Real Estate, Real Estate Professional Magazine, and Real Estate Wealth Magazine. Lex is also a contributing author to many real estate magazines, online publications and websites.
Lex hosts the Distressed Real Estate Radio Show and has also been featured as a guest speaker on many other real estate radio shows including Fox News Radio and many other radio shows. Lex is also the founder of the Distressed Real Estate Investors Association™ which is one of the largest real estate investment clubs in the U.S. Lex is a licensed Realtor® with Charles Rutenberg Realty.
MY STORY ON HOW I GOT STARTED INVESTING IN REAL ESTATE
My name is Lex Levinrad. I have purchased and sold more than 50 million dollars’ worth of single family homes. Many of the houses that I purchased were fixer upper homes in need of major rehab. Some of these houses cost me less than 50,000 to buy. I have paid as little as $4,000 for a Single Family Home. Most of the houses that I have purchased, fixed, rented and flipped required a lot of repairs to make them ready to rent or ready to sell.
When I first got started, I did one deal at a time. I suggest that you do the same. I would buy a house, fix it, rent it out and then move on to another house. I was not a handy person so if you don’t have any experience with repairs don’t let that scare you away. You don’t have to do the repairs. You just need to write a check to the guy (or lady) that does the repair work. Each rehab that I did I learned more and more about construction, working with general contractors and ultimately hiring sub-contractors by myself.