INTERVIEW WITH LEX LEVINRAD NOLAND ARARACAP
Do you have any unique, funny or even scary investing stories you like to share with us?
I have many funny stories and some not so funny. Definitely way too many to tell you all of them so I will just pick
one. I was down in South Beach on a weekend with my friend when my phone rang and it was my tenant and
she was crying because the house that she was living in had burnt down. I asked her why she was crying when
it was my house that just burned down. That house worked out just fine. I purchased it for $70,000 and the
insurance paid me back more than twice that amount in less than a year.
Do you feel a new investor should focus on one strategy?
Yes I think that new investors would benefit by first learning how to wholesale and locate great wholesale real
estate deals for other investors. That is why we focus on wholesaling in our Group Mentoring Program. Once an
investor knows how to find a great deal, then they can wholesale it, fix it, flip it, or rent it. But it all starts with
finding a deal. If you don’t know how to find a great deal then you are going to get yourself in trouble as a new
real estate investor. It is better to risk someone else’s cash and credit while you are still learning. Wholesaling is
great for that, because it teaches you how to find deals for other investors, which is what I did my first two years
in the business. When you get good at finding deals then you can move on to rehabbing and fixing and flipping
properties. The most important thing to learn, is how to locate great wholesale real estate deals at good prices.