Investing Strategies
How To Rehab Houses For Minimal Cost and Maximum Profit – Part 1
Want to learn step-by-step how to find, fix, and flip nice houses for MON$TER paydays? Learn more here.
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Hey Moguls, Lex Levinrad here…
Today, I’m kicking off another mini-series of terrific, helpful lessons for you. This series is gonna be all about how to rehab a house for maximum profit - which means learning how to pay as little as possible for materials and labor.
I’m going to start with the basics, and then talk about deal structuring before diving into more rehab details.
We have a lot to cover in this comprehensive series about all things rehab, so let’s get going…
Let’s Talk Rehab
Wholesale real estate investors are either:
- Wholesalers - people who sign a contract to buy from a homeowner and then assign their contract to an investor.
Or
- Rehabbers - investors who buy the house and fix it up or rehab it.
Now, rehabbers can fix the house and flip it for a quick profit or they can keep the house as a rental property. I’d say most rehabbers are flippers, though.
…
Lex Levinrad
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 portfolio of many rental properties in Florida. 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™. The Distressed Real Estate Institute offers Private Real Estate Coaching Programs, Group Mentoring Coaching Programs, Distressed Real Estate Boot Camps, Distressed Real Estate Bus Trips, Fixing and Flipping Houses Boot Camps as well as Home Study Courses, Books, Audio CD’s and DVD’s for all levels of real estate investors. Lex is a nationally recognized speaker and has shared the stage with some of the country’s biggest real estate speakers including Russ Whitney, Dr. Albert Lowry, Ron LeGrand, Than Merrill, Robert Shemin, Frank McKinney, Cameron Dunlap, Kent Clothier, Reggie Brooks, Larry Goins, and many other well-known real estate and motivational 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, Real Estate Wealth Magazine and many other online publications websites and blogs. Lex is the host of the Distressed Real Estate Radio Show and has also been featured as a guest speaker on many other real estate radio shows including the Real Estate Radio Guys, 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 South Florida. Lex is also a licensed realtor with Charles Rutenberg Realty. For more information about Lex Levinrad and the Distressed Real Estate Institute please visit http://www.lexlevinrad.com or visit our Real Estate Club site at http://www.distressedreia.com or call our office at 561-948-2127 or 800-617-2884.
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