Can you walk us through a typical deal ?
What does a typical day and week look like for you ?
Where do you think the real estate market is headed ?
HOW TO GET STARTED INVESTING IN DISTRESSED REAL ESTATE LEX LEVINRAD
Typical tools that are instrumental in helping us locate properties are the location tools in apps like Trulia to see what houses are listed for sale around a subject property . Being able to retrieve comparable sales on an iPad when in the field looking at properties is also very important . We also have an in house repair estimate calculator that we use with our licensees on an iPhone or Android Phone to help calculate repair estimates and After Repair Values ( ARV ) when creating and calculating how much to offer .
Can you walk us through a typical deal ?
The vast majority of the houses that we flip involve our students . Typically these students attend one of our boot camps and spend three days with us learning how to locate properties . Once they find a good deal and learn how to get the house “ under contract ” then we market their deal to our huge database of cash buyers . If we find a buyer for the deal then we fund the deal with our own money and we split the profit with our students .
This has been a phenomenally successful program and we have students that have flipped 25 or more houses with us using this system . It has really been a winwin situation for both our company and our students and our investors . We are very proud of the fact that we were the first company in the U . S to do this and we are still the only company in the real estate education area to offer this kind of training to our students .
What does a typical day and week look like for you ?
I monitor and oversee the management of our office which assembles deals , blasts them out via email and online apps and then services the calls to our office from cash buyers who are looking for properties . My time on a typical day is spent educating students via online webinars and trainings on our online training site . I also spend a large part of my day reviewing closings and transactional funding on deals with our students .
Where do you think the real estate market is headed ?
Real estate in the U . S typically runs in cycles of 10 to 12 years up and then around 5 years down . This happened in 1989 and again in 2006 . Based on where we are now in the cycle I think we still have a good 5 to 8 year run for prices to continue rising . I think prices will increase substantially from where we are now and that investors would be wise to buy now .