Investing In Real Estate With Lex Levinrad

What is Working In Today's Real Estate Market Podcast Transcript Hello everyone, and welcome to the Investing in Real Estate Show. I'm your host, Lex Levinrad. In today's episode, I want to discuss two important topics: first, whether we are heading into a new foreclosure crisis, and second, what strategies are currently working for real estate investors in today's market. Let's begin by discussing the overall state of the market and whether we are moving toward a foreclosure crisis. There are several ways to look at this. If you compare today's data to the peak levels seen in 2008—particularly foreclosure numbers and MLS inventory—you could argue that the market is still in relatively good shape. That assessment would be accurate. However, when you examine year-over-year trends, a different picture emerges. Foreclosures have increased significantly, bank-owned properties are up year over year, and MLS inventory has risen substantially. For example, in our local South Florida MLS, there were approximately 15,000 properties for sale in 2022. That number doubled to 30,000 in 2023, increased again to about 45,000 in 2024, and has now reached nearly 60,000 listings. While these numbers are not yet comparable to the levels seen during the 2008–2009 crisis, the market has clearly shifted. We are now in a buyer's market, and sellers are facing increased challenges. There are, of course, exceptions. Certain luxury markets—particularly waterfront properties or ultra-high-end neighborhoods such as Lighthouse Point or Boca Raton—remain relatively unaffected. High-net-worth buyers are generally less sensitive to interest rates and economic fluctuations. However, affordability remains a major issue for the average household, especially in South Florida, where median home prices are often beyond what the typical U.S. income can comfortably support. When you look beyond South Florida and examine markets across the Midwest and other regions of the country, affordability pressures become even more apparent. Florida, in particular, tends to behave as a boom-and-bust market, unlike more stable markets such as Cleveland, where price swings are typically less dramatic. Markets such as Austin, parts of Nevada, Arizona, and Florida have experienced sharper corrections, especially in areas like Southwest Florida, including Cape Coral and Naples. Currently, the situation is widely described as a housing crisis rather than a financial crisis. However, it is possible that financial impacts could increase over time if mortgage defaults and foreclosures continue to rise. Banks may respond by tightening lending standards, particularly institutions that originated large volumes of loans at peak prices or that hold depreciated bond portfolios. From my perspective, what I am seeing on the ground—particularly in what I refer to as "middle America" markets—is a growing shift toward affordability-driven investing. My focus has historically been on affordable markets within Florida and other regions where housing costs align more closely with rental demand and average incomes. Early in my career, while living in Boca Raton, I began purchasing properties further north in areas like Port St. Lucie, where homes were significantly less expensive. As prices increased there, I moved further north again into markets such as Fort Pierce, where properties were even more affordable. These purchases generated strong cash flow despite being located in lower-income neighborhoods, because acquisition prices were low relative to rental income. Today, I see similar opportunities emerging again in certain markets. Investors should pay attention to areas experiencing population growth while still maintaining affordability. For example, parts of Brevard County have seen strong growth and are attracting investor interest as prices in previously affordable areas have risen. In recent months, we have completed several transactions that illustrate current opportunities. In one case, a distressed property listed on the MLS for $100,000 eventually sold after a lot of negotiation for $50,000. Without making any improvements, we relisted the property and sold it for $70,000. In another case, a tax-delinquent property was acquired for $110,000 and resold shortly thereafter for $145,000. Opportunities to buy properties and flip them for a profit exist when you buy at the right price. This leads us to the question of what strategies are working in today's market. The Buy, Repair, Rent, Refinance strategy (BRRR) continues to perform well, particularly if you focus on lower priced affordable housing. Investors benefit from a clear exit strategy because rental demand remains strong, rents are up significantly and financing options such as DSCR loans allow investors to qualify based on rental income rather than personal income. With rents remaining elevated since the pandemic, affordable rental properties—especially those eligible for programs such as Section 8—can produce strong cash flow when acquired at the right price. The key is to buy them at the right price. This is what I teach my students how to do in my training program. The Buy, Repair, Rent, Refinance strategy remains a very viable strategy in today's market. It is the easiest way I know to become a millionaire. Wholesaling can still work, but it has become more competitive and more tricky. There are also increased risks when you market the property online. Increased exposure through investor platforms like Investor Lift and Investor Base and posting on Facebook Groups can lead to situations where buyers attempt to "go around you" by going directly to the seller. I think what works better in this market is to close on the property and then relist it for sale on the MLS. You get a much wider audience and you can make a higher profit. When you list on the MLS, your exposure to buyers and your reach are significantly greater. In many cases, we have found that we can make a lot more money with this approach. On your next deal try closing and then relisting on the MLS (instead of wholesaling). You will get better results. This is another strategy that works well in today's market. I would be very cautious in this market with higher-priced fix-and-flips. In fact, I would be cautious with fix and flips in general. If you are going to buy fix and flips you must buy them right and you cannot overpay in this market. In today's environment, exit strategies must be clearly defined like for example if you buy a property can you have sufficient equity and rent it out and be positive cash flow if you cannot flip it for the price that you want? I would also be very wary of buying properties based on comparable sales from several months ago. Prices are going down and I would pay more attention to current listings on the MLS than what sold 3 or 6 months ago. You can see price cuts daily on the MLS. Buyers now have more options, and price reductions are becoming more common. You must build this into your ARV and establish a safety margin to protect yourself. One of the more common mistakes that I see is when investors are forced to convert failed flips into rentals. They become "reluctant landlords." They never wanted to have tenants or own a rental property. This is never a good scenario. Build strong safety margins into your underwriting and focus on current active listings on the MLS rather than relying solely on past comparable sales. In a declining market, assume that comparable sales are too high and build in a safety margin (be conservative). As for whether we are heading toward another financial crisis similar to 2008, I do not believe the circumstances are identical. Lending standards today are far stricter than they were during the era of no-income, no-asset loans. However, I do see growing denial among sellers who still believe their homes are worth peak-market prices like what they were worth in 2022 or 2023. As listings sit on the MLS longer and price reductions become more common, prices are coming down. And they are coming down in some areas surprisingly fast. Some homeowners may face difficult financial decisions and decide to walk away from upside down properties with negative equity, especially if they or their spouse lose their job. As the economy weakens and layoffs increase this is a more and more likely scenario. That part is very similar to the prior financial crisis. And if that gets worse then we could have a financial crisis on our hands. In my opinion, we are already experiencing a housing crisis. Whether this evolves into a broader financial crisis remains uncertain (for now). What is important for investors to understand is that a declining market does not mean that you should not be buying real estate because prices are going down. In fact, it's the exact opposite. Opportunities increase because there are more opportunities to buy properties at good prices. And this is especially the case if you focus on affordable properties with strong rental demand - like Section 8. Do not interpret market caution as a reason to stop investing altogether. Instead, adjust your buying strategies accordingly and get more conservative. Focus on lower-priced properties with strong cash flow, and use conservative assumptions for ARV. If prices continue to decline further, which I am sure they will, then opportunities for you to buy at even better prices may materialize. However that does not mean you should not buy a good cash flowing property at a discount today if you see on. Prices may improve and get even better for patient and disciplined investors. Real estate has always rewarded long-term thinking. Buying cautiously and holding quality properties with stable tenants and long term fixed-rate financing will create significant wealth for you and your family over time. As markets stabilize and recover, investors that buy at the bottom or close to the bottom will benefit from both appreciation and increased cash flow. But the biggest benefit by far comes from the increase in your net worth. As the properties double in value and double again you will become wealthy. Remember, don't wait to buy real estate, instead, buy real estate and wait. Thank you for listening. I appreciate your continued support, and I look forward to sharing more episodes with you soon. Make it a great day, and I will see you on the next podcast.

🎙️ The Investing in Real Estate Show Sellers Are Capitulating Hosted by Lex Levinrad Hey everyone, and welcome to the Investing in Real Estate Show. I'm your host, Lex Levinrad, and on today's episode, I want to talk about what's happening right now in the real estate market — because things are changing very rapidly. For the first time in a while, we're beginning to see signs of capitulation. Now, capitulation is a term that comes from the stock market. It describes the point when investors give up — when stocks have been falling and people finally throw in the towel and start selling. We're starting to see that same kind of behavior in certain areas of the real estate market today, and I expect we'll see even more of it in the months ahead. Year-over-year, foreclosures are up 17%, bank-owned properties are up 34%, and there's a noticeable increase in short sales, pre-foreclosures, and REO listings on the MLS. Many of my students are now finding deals on auction sites like Auction.com and Hubzu.com, and I believe that trend will continue throughout the next year or two. So, the big question is: Where are we in the cycle, and where might the market bottom out? Historically, the real estate cycle runs about 18 years — roughly 13 to 14 years up, followed by 4 to 5 years down. If we peaked around July 2022, then that would suggest a bottom sometime between mid-2026 and mid-2027. Now, real estate is hyper-local. Condos behave differently from single-family homes, and markets like South Florida don't move the same as the Midwest. Condos in South Florida, for example, have been hit hard — partly due to the unresolved Surfside law, with only about half of buildings having completed inspections. That's why, in our training programs, we focus primarily on single-family homes. It's also important to understand that not all single-family markets are the same. The $350,000–$400,000 "median" home that a typical family buys is a completely different product from a $150,000 starter home — and both are worlds apart from the $5 million waterfront properties here in Deerfield Beach. The luxury market remains relatively resilient because those homes are scarce, and many are purchased with cash by wealthy buyers. But that's not the market I teach or invest in. My focus is middle America — the average family earning $70,000–$80,000 a year, buying a modest 3-bedroom, 2-bath home. For that family, affordability is the key issue. At today's prices and rates, that household can typically afford around $2,000 to $2,100 per month, including taxes and insurance. The challenge is that, with 11 rate hikes since 2022, those numbers often don't make sense for buyers — it's often cheaper to rent than to buy. For affordability to return, home prices and interest rates both need to drop by about 20%. Now, the economy itself is in a strange place — a mix of stagnation and inflation. We've got gold, silver, and stocks rising while more Americans are falling behind on car payments, credit cards, and mortgages. It's a divided economy — the haves and the have-nots. The wealthier segment owns assets like real estate, stocks, and Bitcoin. But 75–80% of Americans fall into the lower or middle-income bracket, and they're feeling the squeeze: higher rents, higher food prices, higher everything — without matching wage growth. We're also seeing record levels of credit card and auto loan defaults, and foreclosures are climbing. Many people are struggling to keep up with mortgage payments, and businesses — including trucking companies — are shutting down at record rates. Given that, I believe the Federal Reserve will have little choice but to cut rates soon, even if inflation remains a concern. Now, let's talk about what this means for real estate investors. Some markets — particularly in the Midwest — remain relatively steady. They don't see huge gains, but they also don't experience massive losses. In contrast, "boom and bust" states like Florida and Texas swing more dramatically in both directions. For example, in markets like Austin, Texas or Phoenix, Arizona, we've seen homes that sold for $420,000 just three years ago now selling for around $240,000 — nearly half the price. In parts of Florida, such as Cape Coral, prices and rents have both fallen, while insurance and property taxes have risen — squeezing investor returns. So, what works right now? The answer is simple: focus on affordability. Forget the luxury market, forget high-priced areas, and concentrate on properties with an ARV (After Repair Value) of $300,000 or less. If you can buy at 60 cents on the dollar, that means targeting homes you can purchase for around $180,000 that are worth about $300,000 fixed up. That's where my students are finding success. For example, one of my students recently bought a home for $105,000 in a market where comps were $220,000, and another paid $107,000 in that same market. We're not seeing deals like that materialize yet in hot markets such as Miami, but they exist within an hour or two of Miami. If you want to be successful, focus on affordability. When evaluating deals, I always tell my students to run the numbers carefully — use a mortgage calculator like the one on Bankrate.com and compare monthly payments including taxes and insurance versus what it would cost to rent that same home. Also, for rentals, check Section 8 fair market rents on HUD's website to estimate cash flow. Right now, the Buy, Repair, Rent, Refinance strategy works extremely well. You can buy deeply discounted properties, fix them up, rent them out, and hold them as rentals with positive cash flow. Then you can refinance to pull your cash back out, and do it again! We'll be covering this in depth at our upcoming Inner Circle Coaching event this weekend, where I am teaching my students both long-term rentals and short-term Airbnbs. Now, some of you may be wondering: where are these deeply discounted properties? How are you finding properties at such low prices? The answer is motivated sellers. Our deals come from distressed sellers — people behind on property taxes or in foreclosure, or owners who inherited homes they can't maintain. Some properties are in terrible condition — drug houses, hoarder homes, or abandoned rentals. They need full rehab, which scares off many other buyers, but that's exactly where the opportunity lies for us as investors. We're also seeing a rise in short sales, where homeowners owe more than their house is worth. When they realize they can't sell for what they owe, and that they will not get anything from the sale of their house they often walk away — and that's where investors can negotiate with banks for big discounts. As an investor, your job is to identify affordable, high-demand rental markets — typically where ARVs are under $300,000 — and where you can buy at 50–60 cents on the dollar. In South Florida, that usually means driving an hour or two north or west from Miami Dade and Broward County to find the right price points where houses are more affordable. We're seeing the early stages of capitulation — landlords giving up, foreclosures rising, and more motivated sellers entering the market. Over the next 12–18 months, I expect those opportunities to grow significantly. There will be many opportunities to make money. If you're new to investing, now is the time to educate yourself, get trained, and learn how to identify, evaluate, and buy the right properties. This window of opportunity will not be open forever and you need to take advantage of it. In my training programs, we teach students how to calculate ARV, estimate repairs, calculate their offer price, calculate cash flow, and use private lenders and hard money to fund deals. Our strategy which is the Buy Repair Rent Refinance Strategy is simple: ✅ Buy below market value at 50 to 60 cents on the dollar ✅ Repair the property using money from private lenders ✅ Rent the property to a tenant for positive cash flow ✅ Refinance and pay off the private lender - and then do it again The Goal is Financial freedom. Ten rentals owned free and clear within 15 years means you'll never need to work again. Ten rentals at $5,000 per month in rent can provide you with a $50,000 monthly cash flow for life. And this is indexed for inflation meaning every year you can raise rents, and over time your properties increase in value. This is one of the easiest ways that I know to create wealth. I've seen countless students of mine become millionaires by following this plan. Many of my students now earn six and seven figures annually from their rental portfolios. So, if you're ready to change your financial future, I invite you to join me at one of my upcoming real estate training events (boot camps). Learn how to buy bank-owned properties, how to buy foreclosures and short sales and how to bid on online auction sites and buy properties for 50 cents on the dollar. Learn how to use private lenders to fund your deals and how to use other people's money to build wealth through real estate. You can download a free copy of my book, Wholesaling Bank-Owned Properties, at lexlevinrad.com/getyourcopy. I hope to see you soon at one of my live real estate training events. Thanks for listening to The Investing in Real Estate Show. To learn more about my real estate training program, boot camps and coaching visit lexlevinrad.com. If you would like to schedule a call to speak to one of our Student Support Managers book a free strategy session at lexlevinrad.com/bookacall

TRANSCRIPT: Hey everyone, welcome to the Investing in Real Estate Show. This is your host, Lex Levinrad. In today's episode, I want to talk about the changing real estate market. And I've got to tell you—things are changing quickly. I had a Boot Camp event a couple of weeks back, the Buying Rentals and Building Wealth Boot Camp. We were showcasing some case studies, and one of our students, Manny and Haley, had acquired a property for just $105,000 in Palm Bay. They decided to wholesale and flip that property. I was actually the buyer—I ended up purchasing that property for $110,000. Now, what's interesting is when I went to look at the property and the surrounding neighborhood, I saw three houses listed for sale on Realtor.com. One was listed at $270,000, another at $275,000, and another at $330,000. I looked at the ARV. They told me they thought the ARV was around $210,000 to $220,000. That's probably accurate. Let's say $220,000. At my previous Boot Camp, I even pulled this up on the screen and showed everyone how they found the house—by using Driving for Dollars and direct mail. Ironically, this house actually hit two lists: it was both on a tax-delinquent list and a Driving for Dollars list. Originally, they offered around $125,000 to $130,000, but they negotiated down to $105,000 and the seller accepted. Then they just turned around and flipped that house to me. So when I hear people saying things like, "You can't find deals right now," or "Fixing and flipping is dead," or "Rentals are dead"—I've got to push back. If you're only looking at surface-level information (what you see on social media or in an article), you'll never dig deep enough to see what's really going on. I actually made a public Facebook post about this about a week ago. I talked about how many investors were buying at the bottom of the market in 2009, when I was buying in Miami. Back then, there were about 300 investors active. Fast forward to the peak of 2022, and according to Redfin data, there were 4,400 investor buyers. The numbers correlate inversely: when the market was cheapest, the fewest people wanted to buy. When the market was the most expensive, the most people wanted to buy. On the surface that makes no sense, but if you study history, it makes perfect sense. Back when I worked on the trading floor in Chicago, one of the required books was Extraordinary Popular Delusions and the Madness of Crowds. It explains why people buy the most at the top and why no one wants to buy at the bottom. Think about it: Tesla stock at $200, then $300, then $400, then $500, and people say, "Man, I should have bought it." By the time it's at $800 or $900, they finally jump in—and then it crashes back down to $300 or $400. Same story with Bitcoin. Same story with real estate in 2006–2007, when people were lining up all night in Boynton Beach to buy houses. Why? Because people felt they couldn't go wrong—it had worked in the past. That's the fallacy: investing by looking in the rearview mirror. "It worked last year, so it'll work this year." But markets ebb and flow. For example, rental properties are normally priced when they sell at about 100 times monthly rent. At 200–250 times rent, they're overpriced. At 50 times rent, they're underpriced. At the peak of 2022–2023, many deals were selling at 250 times rent—clearly overpriced. During the 2008 financial crisis, we were buying at 30 times rent. We bought houses in Port St. Lucie—three-bed, two-bath homes—for $36,000 or $37,000 that had previously sold for $200,000, and they rented for $975 a month. That's instant cash flow. So why wasn't everyone buying then? And yet, when those same houses went back up to $325,000 or $350,000, then everybody wanted to buy. That's human psychology. Fast forward to today: I've seen these cycles over 23 years in real estate. We just turned the corner from a seller's market into a buyer's market. Inventory is up, prices are down, and sellers are slashing prices. Yet investors are fleeing. Why? Because they're listening to the noise instead of the numbers. At my Foreclosures Boot Camp in February 2022, there were only 15,000 houses listed on our local MLS. By February 2023, that doubled to 30,000. By 2024, it was 45,000. Today, it's close to 70,000. Inventory has quadrupled in just a few years. At the same time, prices have fallen 15–20% on average, and in some markets like Miami or Kissimmee, as much as 25–30%. That's a massive pullback. Yet most people still think real estate is "fine." They don't realize investors stopped buying in 2022—the hedge funds, Zillow, Opendoor, all the iBuyers—they pulled back first. The average mom-and-pop investor only started to realize in 2024 and 2025 that prices weren't going up anymore. That's why right now, this is a better environment to buy than it was a year or two ago. Deals at 60 cents on the dollar are increasing. But only the real buyers—the ones who understand value—are still in the game. If you rely on social media or the news, you'll end up buying at the top and selling at the bottom. If you study cycles, you'll know when to buy. We're in 2025 now. The market peaked in 2022. The average real estate cycle is 18 years: about 14 up and 4 down. We're about three years into the down cycle, and I believe it's going to get worse before it gets better. Expect more foreclosures, short sales, and bank-owned properties. If you want to build wealth, this is the time to sharpen your sword. Learn. Educate yourself. If you buy at the right time, fix and rent houses, and hold long-term, you will become a multimillionaire in real estate. That's all I have for you today. I've got a Fix and Flip Boot Camp coming up, so I'll be focusing on that. I just wanted to get this podcast out and give you an update on the market. Lots of changes, lots of opportunities. Start marketing to motivated sellers, learn how to buy houses at a discount, and I look forward to seeing you at my next training event. Until next time, I'll see you on the next podcast.

TRANSCRIPT Hi everyone, welcome to the Investing in Real Estate Show. This is your host, Lex Levinrad. On today's episode, I want to talk to you about the opportunities in today's market with rental properties. We have a very unique set of circumstances that have led us to where we are now. The first thing we saw was the absolutely crazy increase in prices that happened after COVID, from 2020 to 2022. There was a huge jump—most areas increased at least 50%. In some areas, prices went up as much as 70%, 80%, even 100%. With this huge price increase, it became nearly impossible to find cash flow. It just didn't exist. But there was another thing that happened after COVID—a direct result of COVID—and that was the inflation effect. The government pumped a lot of money into the economy with EIDL loans and PPP loans, and people were flush with cash. This is one of the reasons prices went up so much. And it wasn't just real estate—everything went up. Even the prices of Rolex watches increased. There was simply too much money floating around in the system. The net result of that was inflation, which we were all aware of. Suddenly, rents were going up, along with the price of food, gas, and everything else. The concept of rents going up is very important. Regular market rents increased quite a bit. Looking at my own rentals, for example, a property that rented for $1,300 went to $1,475, then the following year to $1,550, and the next year to $1,675. That's a significant increase. I have a HUD Fair Market Rent tool on my website at www.lexlevinrad.com/hud. You can use it to see fair market rents. You simply select your state and city, and then you can view all the ZIP codes in that city. For example, if you're in Florida, you could choose Broward County, then Fort Lauderdale, and then view the rents HUD pays for a three-bedroom in each ZIP code. This tool works nationwide. One thing to note is that the number you see is the maximum amount, including utilities. If HUD lists the maximum at $2,100, my experience is that actual Section 8 rents end up around $1,900. I generally deduct $200–$250 from the HUD number to get a realistic rent amount. Before buying a property, I recommend calling the housing authority in the area. If you're thinking about renting a property with Section 8 in Deerfield Beach, Florida, for example, call the Deerfield Beach Housing Authority and say, "I'm a landlord with a three-bedroom, two-bathroom rental. What rent could I get for Section 8?" Even better, visit them in person. Many times, they have flyers or TV monitors showing current rental listings. You must first understand what you can get for rent because cash flow is your top priority when buying rental properties. Many people in real estate have heard the phrase "location, location, location." I think this is often misleading. You can buy in the best location in the world—even Beverly Hills—but if you overpay or it doesn't have cash flow, you'll lose money. Yes, location is important, but if you had to choose between a great location with a bad return or a less desirable location with a strong return, I would choose the strong return. For example, I lived in Boca Raton, Florida, for 20 years. It's an upscale, highly desirable area. If you're buying for appreciation potential, that makes sense. But if you're buying rentals, you're not living in the property—your tenant is. When you buy rentals, what matters most is how much rent you can get and whether it will cash flow. Cash flow is rule number one. If you're starting out, Section 8 is a good place to begin. I'm not saying you'll stay there forever—eventually, you may want to own rentals in higher-quality neighborhoods with higher-quality tenants—but when starting, cash flow is key. Areas with low prices and high rents give the best returns. A great place to start is by checking Section 8 rent amounts with the HUD tool at www.lexlevinrad.com/hud. You enter your state, city, and ZIP code to see what HUD will pay for a three- or four-bedroom. That's tool number one. Tool number two is price. We currently have an unusual set of circumstances making rentals an especially good opportunity. First, real estate prices peaked in 2022. In Florida—especially the condo market—prices have since dropped significantly. In some areas, I've seen 30% declines from the peak. Some markets, like Boca Raton, are holding strong, but others—Palm Bay, Kissimmee, and similar—have dropped more. It's not just Florida. Markets like Houston, Las Vegas, and Phoenix have cooled considerably. The second factor is how much rent you are getting. Section 8 rents are set by the government, and because of inflation, HUD's rent amounts have increased dramatically. Properties renting for $1,500 two years ago may now rent for $2,000. This means that while prices have come down, rents have gone up, creating cash flow opportunities. For example, in Florida, a $200,000 ARV (after-repair value) house might rent for $2,000 on Section 8. That meets the "1% rule"—rent is 1% of purchase price. Traditionally, the rule of thumb was not to pay more than 100 times monthly rent. If you buy at full retail price, put 25% down, and get a conventional mortgage, you might have cash flow. But I teach my students not to buy retail. Instead, I teach the Buy, Repair, Rent, Refinance (BRRR) method—buy at a discount, fix it up, rent it out, and refinance. We typically buy at 50–60 cents on the dollar. For a $200,000 ARV house, that means paying around $100,000–$110,000. This is possible if you find motivated sellers—people in foreclosure, probate, tax delinquency, bad tenants, fire or flood damage, etc. Once repaired and rented, you refinance at 75% of appraised value. If it appraises at $200,000, the bank will lend $150,000. If you bought and renovated for $150,000 total, you get your money back. If it appraises higher, you may even pull cash out. The challenge for new investors is finding these discounted deals. That's why I focus on teaching motivated seller marketing. If you don't have the cash to buy and repair, there are creative ways to raise it—private lenders, partners, 401(k) loans, home equity lines, even credit cards for materials. I often lend my coaching students money for their first deal if it's a good one. Your mindset is key. Many people think they can't do it because they don't have the cash. But with the right deal, money is not the problem—finding the deal is. Now is a rare opportunity: prices are down, rents are up, and foreclosures, short sales, and bank-owned properties are increasing. With the BRRR method, you can buy with little or no money down, create equity, and generate monthly cash flow. We have the Buying Rentals and Building Wealth Boot Camp coming up next weekend. To learn more visit https://www.lexlevinrad.com/buying-rentals-building-wealth-boot-camp/ We have 3 preview tickets left for the Buying Rentals and Building Wealth Boot Camp. To grab one of those tickets call my office now at (561) 948-2127