Podcasts about hubzu

In this fast-paced industry, efficiency and scalability are paramount to success. That's why we invited Jesse Burrell today to help you elevate your real estate game, streamline your operations, and unlock new opportunities. Dial in to achieve remarkable results and work smarter than ever before!WHAT TO LISTEN FORKey steps an investor should take to scale their real estate businessHow to calculate the after-repair value of a propertyBatchLeads: What it is, its advantages, and ways to maximize its functionsExpert insight on usury laws and real estate financing The value of taking risks and working with the right people in businessRESOURCES/LINKS MENTIONED realtor.com®: https://www.realtor.com/ Zillow: https://www.zillow.com/ Hubzu: https://www.hubzu.com/# Auction.com: https://www.auction.com/MLS.com®: https://www.mls.com/ ListSource: https://www.listsource.com/ BatchDialer: https://batchdialer.com/ Pace Morby: https://www.pacemorby.com/ Ready to make your mark in real estate? Visit https://batchleads.io/courses to get FREE mini-courses that will provide you with the tools and know-how for unparalleled success. Don't miss out!ABOUT JESSE BURRELLJesse co-founded BatchService with siblings Anny and Ivo Draginov in 2018. As CEO, he's been instrumental in building a vision of continuous growth and improvement at the company. Under Jesse's leadership, BatchService has rapidly grown and serves more than 13,000 customers across the real estate ecosystem. Before co-founding BatchService, Jesse spent ten years in the real estate market, gaining experience wholesaling real estate before building a property portfolio with Anny and Ivo. Jesse has a bachelor's degree from Arizona State University and is a licensed realtor.CONNECT WITH JESSEWebsite: BatchService:https://batchservice.com/ | BatchLeads: http://batchleads.io/ Youtube: BatchTV: https://www.youtube.com/c/BatchTV Instagram: @jesseburrell: https://www.instagram.com/jesseburrell/ LinkedIn: Jesse Burrell: https://www.linkedin.com/in/jesse-burrell/ CONNECT WITH USTo learn more about investment opportunities, join the Cityside Capital Investor Club.Follow us on Facebook: Cityside CapitalFollow us on Instagram: @citysidecapital_tim_lyonsConnect with us on LinkedIn: Tim LyonsConnect with us via Email: greg@citysidecap.com | tim@citysidecap.com

In this episode of Side Hustlin’, we talk about investing in rental properties. We also interview Ross and we discuss the pros and cons of owning rental homes, how a real estate agent is helpful if you’re not one, and the reasons not to get emotionally attached to your investments. Check out below the full episode to jumpstart your own investment with rental homes. 01:47 Statistics of Rental Homes 01:57 Things To Do Before Investing in Rental Homes 02:58 Where To Buy Homes to Turn into a Rental Property 04:00 Interview with Ross 07:10 Cons that are Associated with Owning Rental Homes 10:15 Why A Real Estate Agent is Helpful 11:34 Why Not To Get Emotionally Attached to Investments 12:00 What Are Some of the Things You're Looking for Before Purchasing? 17:04 What Are The Pros of Rental Homes VS Newer Homes 19:31 What's The Original Process When Buying a Rental Property 21:51 What To Do Before Investing We appreciate you tuning into this week’s new podcast episode. Show us some love by heading over to Apple Podcasts, subscribe to the show, and leave us a rating and review. Help us spread the word by sharing your favorite episodes on social media. Get your daily dose of financial inspiration on Twitter: @New_MoneyGang Read more about how to make money online with the internet as the key driver here: https://newmoneygang.com Connect with us on Telegram: http://t.me/NewMoneyGang Hosts: Lea Anne Powell @LeaAnneDriver Justin Custardo @justinc.atx Ben Armstrong @bitboy_crypto

Hubzu’s new mobile app, Homesnap’s new home pricing tool, SafeShowings expansion in California, and a mysterious money-raise for a tech venture by ex-Zillow execs. Hubzu is making it easier to have on-the-go access with a new mobile app. The online marketing platform gives users a way to find and bid on residential real estate auctions that include foreclosures, short sales, and retail sales. The app will give users mobile access with iOS and Android phones. www.NewsForInvestors.com

Jason Hartman talks Real Estate Wholesaling with Lex Levinrad. Lex takes us through his work-flow and how his business spans real estate wholesaling, flipping, and rentals. Jason finds out how Lex is continuing to find foreclosure inventory and talks about the anticipation of changes in the next three years.  Key Takeaways: [1:26] Explaining wholesaling [5:00] How are you finding foreclosure inventory, and is it more-so of a struggle currently? [7:30] With current trends, short-sales will become a booming business again in the next couple of years  [9:30] What's the step by step? [12:55] Understanding the concepts of whole-saling, and the order of process [19:30] No matter what you are doing, flipping, or wholesaling, remember to keep a couple of rentals as well Websites: www.JasonHartman.com www.LexLevinrad.com www.Hubzu.com

In our second Ask Us Anything, Tom and Michael bring on guest host, Mark Woodling to tackle listener submitted questions on buying from wholesalers, the difference between auction and foreclosure sites, preferences between umbrella policies and LLCs, tax liens, how Roofstock selects markets and more.    --- Transcript     Tom: Greetings and welcome to The Remote Real Estate Investor. And today's episode, we're doing another ask me anything. And on today's episode, we have myself, Tom Schneider. We also have one of our hosts, Michael. Michael, say hello.   Michael: Hey everybody, how's it going?   Tom: And we also have a guest host today with some special expertise in the auction world, as well as some experience on tax liens of wholesales and all that good stuff. So we have Mark with us today. Mark Woodling say hello.   Mark: Hey, thanks for having me on.   Tom: All right, let's do it.   Theme Song ♫   Tom: Welcome back. We have another ask me anything episode, super excited about it and let's jump right into it. So, as we mentioned before, with some of these questions that we saw, you know, they might not be in our wheelhouse, so we wanted to bring in experts and that's why we are fortunate to have Mark Woodling on today. So, Mark, do you want to give the 32nd kind of pitch on all the interesting stuff that you've done in the real estate space to give a little bit of background? Uh, you've been on an episode before, but maybe a brief reminder to folks who haven't listened to that episode.   Mark: Sure, sure. Thanks for having me on guys. I work as the director of local market growth for Roofstock. So really it's a unique role where I work on opening up new markets and how we can really bring new supply into those markets, but it's kind of a unique role. So having a unique background was really why they picked me for this cause I used to go around the country, traveling to tax lien, auctions. I would go and bid for a private equity firm around the country about 26 different States every single year. So a young buck out of college really had no limits, I guess you could say, but learning the real estate game, I've also worked at Fannie Mae in the recession. I was there in their auction group. So we're selling about 18,000 properties a year, just through auction in all 50 States in DC. And then after that worked at a company called Xome X-O-M-E and was their chief auctioneer and with selling glide, the Countrywide portfolio that was kind of leftover toxic asset group after the recession. So, you know, became licensed as an auctioneer in 27 different States and it was doing everything online. So have a bit of a marketplace background as well as just a ton of unique kind of distress real estate background.   Tom: Awesome. Love it. Well, well, let's jump right into it. So our first question we have came in from LinkedIn. This is from Dave and Dave asks, what's the best way to scale your portfolio in the smallest amount of time. And let's see, Michael, do you want to take the first pass at this one? Or do you want me to lead the way?   Michael: Yeah, I would say just get a bunch of money.   Tom: Honestly. The way that I was thinking about this question is kind of twofold. It's like if you have a bunch of money, that's a different answer, right? So if you have a lot of money already, like, okay, getting into portfolios, just buying portfolios outright, or, you know, building a fund with an actual like employment of like acquisition folks like that works really well, but let's go ahead and assume this question is if you don't have a money machine in your basement and you're just scaling and scrapping, what would be your feedback on the quickest way to scale in the shortest amount of time with the limitation on funds?   Michael: I think that there's going to be no quicker way to scale than by partnering with people that have what you don't have. And so if money is tight, you don't have the money go out and make a name for yourself as someone who can put deals together and acquire doors. And I would rather there's this very famous, I don't know how famous it is, but a lot of people say, you know, I'd rather have 50% of one deal than a 100% of no deals. And so if acquisition scaling is the name of the game, go find people that don't have the time or the knowhow or the ability to put deals together and bring them to those people who are looking to get into the real estate game and have the money to do so. That would be my advice. Mark, what do you think?   Mark: I think you're right in line where going to portfolio route really is the easiest way, because then again, you're dealing with one property manager in one city, you know, if you're spreading yourself too thin, you can buy a lot of properties in different markets, but then again, you're having to manage all these property managers and that takes a lot of time. It takes a lot of resources of your own. So I think if you're going to get right to it, you really need to focus on a concentrated area of figuring out diversity, maybe within one market or a few markets, and really figuring out, you know, how to leverage your time when you only have so much time.   Tom: My last little tidbit I'll add on this is the best way to scale your portfolio. My recommendation is really tapping into your, any appreciation and equity that you have in ramping up your leverage as much as possible. Now there's some downsides and risks. If values go the opposite way. And you're only planning on holding these a short period of time. There's some risks for getting under water where the loan is worth more than the property. But if you're trying to squeeze as much dollar as you can into scaling and building acquisitions, it would be basically getting the most leverage that you can. So every single dollar of equity you can have, you're using to scale scale scale. So excellent. Let's go on to the next question. And we have a shout out to Michael on this question, Michael, why don't you read this question?   Michael: This next question comes to us from Ricardo from Walnut Creek and Ricardo is a good buddy of mine. So the question is what's up Roofstock, shout out to my boy, Michael Albaum. This question has to do with working with wholesalers, from what I've seen, you can get some pretty spectacular deals with less competition, but it seems you assume much more risk as far as condition of the property, as well as constraints with financing. What has been your experience working with wholesalers? And what advice would you tell to a new investor who are the wholesalers and what do they do? How do they make money and how do you find them? So, Mark, do you want to take a stab at this one with your background?   Mark: Yeah, absolutely. I go to a lot of mastermind groups and you know, these mastermind groups are really for more advanced real estate investors and many of them are actually wholesalers, but they also and hold. And then, you know, they have their fix and flip models and so forth, but wholesaling could be a very lucrative business because when you put a property under contract, right, you're tying up the contract, that buyer who tied it up under contract is then going to sell their equitable interest, right. They're selling that contract and assigning it to someone else. So they really don't have a specific range of, you know, how much they can make and they don't need to be a real estate licensee. So anybody could be a wholesaler. Really so if you want to get to really who the wholesalers are and what they do, you need to go find guys that are doing this for a living. They go really find great properties that are going to be marketable to the masses. And they will tie up that property. They'll sit down, visit the property, take pictures, you know, run some after repair value type values.   And then they present it to the market as off market deals. So, you know, their job is really go out there when I call bird dog, right? They're the boots on the ground. They're spending a lot of money on marketing and then tying up these opportunities to then sell it without having have any risk or money down besides a small earnest money deposit. So it's not that they own the property ever. They only have it under contract and how they make money. So they'll say at closing, I'm going to make a certain amount of money or they can say, Hey, you're going to have to put $5,000 down and I'll give you my contract. And so they're going to make money one way or the other. And the thing is, you're never connected to the person actually selling the property at the beginning. So, you know, things go a different direction, you know, it can get kind of sticky.   So you really need to know who you're dealing with and really have some trust and not just chase after deals because the property may not be in great condition. And you may never even see the property before you tie it up under contract by how you find them. I'll just finish up on that. You know, the interesting part about that is you can go to Facebook and get on investment groups and say, Hey, I am a qualified buyer. I have cash rate of spend in a specific market. And here's my email address, put me on your buyer list. So you're kind of putting yourself out there and into the worldwide web a little bit and exposing yourself, but that's a great way just to get on these lists and see what kind of flow comes through. But again, these don't sit on the market for very long. So you really need to be able to act quickly in order to take advantage of those opportunities. But yeah, wholesaling's a wild West game. So, you know, proceed with caution.   Tom: Sure. I'm going to paraphrase a little bit. So at a super high level wholesalers, they're out looking for distressed or people need to sell right away. That's right. And they basically get it in contract this wholesaler, and then they sell that contract and never actually take ownership. Right. They almost, it's almost like an arbitrage position. Am I accurately depicting that?   Mark: Exactly. That's exactly the way to put it.   Tom: Awesome.   Michael: Tom, have you ever bought a wholesale deal, a deal from a wholesaler?   Tom: I have not. You know, I definitely have been approached to sell to wholesalers. Their marketing is relentless.   Michael: We buy homes for cash!   Tom: We buy ugly homes. Those guys are all the wholesaler ecosystem. And it's funny, the list of people that they're looking to potentially buy from. It's a kind of a rough list. They're like looking for death divorce, like whatever, kind of like quickly to sell. So, you know, as an investor, there's some potential to buy some off market deals from wholesalers, but you know, to Mark's point, you know, you got to still have a really good diligence process and know the deal. Yeah, no, your buy box. Awesome. All right. So this next question we have is from Andy Dobbs in New Jersey. So Andy asks, does Roofstock provide property management or do we need to find one ourselves? Mark, do you want to take the lead on this guy?   Mark: Sure. So Roofstock doesn't actually provide the property management, but we do guide you through the process of how to find really qualified property management companies. So we take a significant amount of time when we bring on what we call our preferred property managers, we certify them and vet them to make sure that they really do work well with outside investors. So, you know, being an investor from out of state, you do have a different level of expectation with property managers because you will never see that property. You, you may not even be able to drive by it, right? So they can really be your eyes and ears. So we establish that network. So that really transitions to investors, having higher levels of confidence. So we will always guide you in that direction and have great profiles on our website, but you are always free to manage with an outside vendor, but you know, these are always great vendors that we're dealing with on a massive scale. So we do see, you know, how they're acting around other investors and that's great data to make sure that we're always working with the best.   Tom: Yeah. And you know, I think it's great that Roofstock does this initial diligence, but I highly recommend as an investor doing that extra step and giving them a call and asking for some references and making that decision and you don't have to use one of Roofstock's property managers that has gone through this process. It's just available for you as a resource. And if you want to, you can self manage or you can find a different third party, property manager, you have options. It's just kind of giving you a step ahead in that process. Excellent. So this next question we have is from Steve in St. Louis. So Steve asks, so he's seen auction sites, auction.com, an example Xome where Mark used to work at are these sites like actual foreclosure sites and how do they different? What are considerations if I were to buy on one of these auction site, could I use financing? Is there contingencies? What are some of the unique risks? So Mark, this is right in your wheelhouse. So do you want to spiel for a little bit on some of these different auction platforms?   Mark: Absolutely. This is an area that I stumbled into my first job, right out of college back in 2001. So, you know, there there's a lot of different types of auctions in the sense of there's tax lien, auctions. There's an actual foreclosure auction, which is what most people will understand what the courthouse steps. And then there's also REO options that even retail auctions. So kind of walking through, you know, the foreclosure and the REO, meaning real estate owned. That means the property has already been foreclosed on when it's an REO, it's typically bank owned, but what's happened in the last, last real decade is that, you know, after the recession that banks were realizing that there was less inventory available. And there earlier on in the process of buyer can kind of get the edge to buy that property the quicker they can get it off their books.   So again, if a property has been foreclosed upon it, typically in certain States will go to the courthouse steps and you can buy it as a foreclosure. The actual auction is like the final step of the foreclosure process, but in this instance that it doesn't matter there. Then it would go back to the bank and then they can sell it with full ownership. So let's just go into, you know, the foreclosure aspect. If you want to go to the courthouse steps and buy, I mean, it's a great time to be able to buy, but typically you're buying sight unseen. So you really don't know what's on the other side of that door and you cannot use financing. So there may be some really creative ways to get financing, but you're going to need to pay for that property, either at the courthouse step with a cashier's check or you put a certain amount down and then pay the rest soon after.   So that part you're going to have to be really buttoned up for. And these are nowadays being conducted even by auction.com, Xome or Hubzu, which are actually at the courthouse steps and working as a third party to really replace the attorneys who are doing these foreclosure auctions before. So you may see like the full on auction going on, where there's a big tent, big TVs, you know, there's a level of organization that's happened in the last, I would say five, six years to really make those more friend link to anybody coming in from the outside so that they actually have customer service representatives there to answer questions. So if you're really curious about those, I always suggest go, it is fun. It is really exciting. And there may be multiple auctions, like I'm in Dallas. So in Texas, they have what they call super Tuesday and you go to the courthouse steps.   There could be four different companies out there doing four different auctions. So it's really something that you need to get comfortable with and ask a bunch of questions that you'll meet people there they're wholesaling, you'll meet people there they're buying for their own. And then you'll have major institutions that are there and they probably won't talk to you about their strategy. That's kind of holding the cards close to the vest, but I would just say coming from an auction background, the risks, that's really something that you need to understand your own risk appetite because there's online auction portals, where you could go in and bid on properties that may have either been foreclosed upon or are just about to get foreclosed upon. And they're trying to sell it before it goes to foreclosure. So if you are going to take the risk, really understand, you know, what kind of websites you can go to and dig in deep, because if it's going to foreclosure, there may be other liens, whether it's federal liens or just other kind of sticky liens that you may have to navigate through.   So you really need to be prepared for that. But most of the time at the foreclosure, you know, any other liens are wiped out. So study, study, study, understand your risk, understand buying sight unseen, you know, have numbers in mind, don't get caught up in the auction. Cause that's something a lot of people get caught up in because it's that active bidding. It's a lot of energy. That's what the auctioneers do. I come from that background. I only have done online, but I have watched and studied the live auctions and they are entertainers. They want to squeeze money out of you. So go in, know your numbers, understand your risk, understand your rehab, know your numbers, know your numbers, know your numbers, and then proceed with that strategy that you've been putting together.   Michael: Mark, I've got a question. Did I hear you right in saying that the banks might want to get these things at auction before the final step of foreclosure, but did I miss hear you?   Mark: Yeah, well the banks have a few different plays sometimes. So if they bring it to foreclosure auction, they get to set a bid and they are the ones that say here's the amount that I would be owed and that I would set as the reserve. And so if they're going to go in and they are there and somebody is going to bid on that property, they need to meet that certain amount. And if that amount is not met and they can foreclose at that point on the property and then bring it to sell any other way that they would want, they could put it into a retail platform like MLS, or they could bring it to another auction site and try the auction again, because typically these are properties in distress situations, but the bank's goal is typically to sell the property as early on in the process. So they don't need to do all of these asset management post foreclosure, which means they have to have staff. You know, they have a lot of costs to get the property cleaned up and presented and ready for market. So they typically want to dispose of that as early in the process. And some of them don't even let it go to foreclosure auction. They'll sell alone in a 90 day delinquency just to say, Hey, I'd rather sell this off to someone else rather than have to go through this longer timeline, even though they could potentially make more money. It just makes more sense to them to take the money and, you know, let somebody else take care of the risk.   Michael: Got it. Thanks.   Tom: All right. This next question, I think is a good one for Michael here. Gilbert, from LinkedIn asked, what parts of the team should in can be local and what doesn't really matter in your, in your own state, or just thinking about locations of that real estate team that you have, where they should sit.   Michael: Yeah, that's a great question, Gilbert. So I'll just share kind of how my team looks on a personal level. And so I've got property managers and agents and insurance agents local to the property out where the property is physically located and my CPA and my attorney are in California. And so that's kind of how I've set up shop. Now. I was chatting with an attorney, uh, excuse me, with a CPA. We had Joel Jensen on from Tax Sentry on the podcast a few episodes ago, and he's out in Utah and prepares returns in all 50 States for investors. And so I'm realizing now that you know, more and more of your team can likely be remote. I think having an attorney local to where you live in your state, because you're going to be subject to local laws. If you're setting up LLCs in your state, I think it's important to have an attorney locally, but it could also be beneficial to have a local attorney to where the property is since if you are going to get pulled into a lawsuit resulting from that property, the local laws to where the property are, are the ones that are going to be applicable. So understanding how to cover your bases in that state is I think important as well.   Tom: I think an interesting point you make is having the insurance agent be local to the property. I'd love your thoughts on that. It's just, you know, being able to squeeze out the best deal on insurance or   Michael: Yeah just having access to local markets, which isn't the case across the board. So for example, I work with a company in California that doesn't write that, that doesn't write insurance in the Midwest. And so the, a lot of the Midwest insurance agents just have access to different carriers and these carriers are gonna know the markets inside and out. There's a reason why the California insurance companies aren't participating in the Midwest because they don't know the market. And so very similar to having a local lender to the property. They can often be more creative because they know the market better allows them to be more competitive. So again, that's another part, a team member that I left off is lenders. So I have lenders local to the property in which the property is located. I also have lenders that work on the national level and I give them both a shot at it and whoever can come up with the best terms and financing usually gets the cake. So I think it's important. Your property manager obviously should be local. Your real estate agent, I think should also be local, pretty much everybody else. It could go either way. I think it's very beneficial to have local people to the, so at least you can ask those questions as a comparison to the folks that you have locally to where you live.   Tom: That makes sense. You know, one of the markets that Roofstock operates in, in Florida and for properties that go through our certification process, we come up with an insurance quote that is an insurance quote. That will be, that is bindable, right? That a company is willing to agree to. But oftentimes we found that Florida, the national provider that we use is rates are a little bit higher than some of the local ones. So I guess in markets work and be a little bit more tricky and there's more potential liability on the insurance side really worth going in and getting the local quotes. And even if it's not that tricky, I like that. That's a great point. This goes in very nicely to the next question that Corey from Austin is asking. So, Hey, Roofstock a long time listener. First time caller. I'm about to acquire my third SFR with you guys. Awesome. Congrats Corey. And I'm wondering when is hazard insurance enough versus getting an umbrella policy, a related question that we got from somebody else as well, a good umbrella policy help replace the LLC. And I think kind of the hardest question is, you know, at what point do you start kind of bundling properties into umbrella versus like individual? So Michael this is right in your wheelhouse. What are your thoughts on this?   Michael: Yeah, I would say Corey again. Great question. We just recorded a podcast with actually my California attorney and we asked this exact question. So I would say, definitely give that episode of listen. That episode should be released in about two weeks or so, but so again, I'll just share kind of my personal anecdote. When I first started investing in single family homes, there was a couple thousand dollars in cashflow a year coming off each property and to have an LLC in California, it costs $800 a year just simply to have it. So that expense wasn't justified given the amount of cashflow these properties were generating. So I bought three properties prior to opening up an LLC and then put everything, wrapped, everything up, did a quick claim deed and transferred everything to the LLC. Now there's two very distinct camps. There's the pro LLC camp and the no LLC camp.   And the pro LLC camp argues that, Hey, if you can bundle everything, put it into a silo and segregate your assets from your personal stuff. That's really great. The no LOC camp argues that you can get that same type of coverage, that same type of asset protection with a high liability insurance policy and an umbrella policy. Who's right, will only be determined once there's a lawsuit. And so it's all comes down to your comfort level, your comfortability, you can get very high liability insurance limits on the underlying policy itself on each specific property policy itself. And couple that with an umbrella policy and umbrella policies are very inexpensive for the amount of coverage that you're getting. And so you've just got to decide for yourself, Hey, how much do I have personally? And how much am I going to be putting at risk with this investment property that will often lead you down the right decision path to what makes the most sense for you? But I think a lot of people really hung up on is, Oh, I need an LLC though, they're pro LLC camp. And they think I need an LLC before I ever start investing. I would say that soften backwards. And I would say focus on getting the property first, making sure that the property is a good fit, then look to see how that LLC plays into the picture. And what's important to note here on this long soapbox rant is that a lot of lenders won't lend to LLCs if they're purchasing single family homes. So have a conversation with your lender, have a conversation with an attorney about what's involved with setting up and maintaining an LLC in your state. And just look to understand what the implications are of having one and have not having one. And then look to make your decision because it's really not a one size fits all approach Michael out.   Tom: Well, you know that the benefit of the LLC is you can name it something. Cool. Did you name yourself a cool LLC Michael?   Michael: I named… no. I just, well, it's tough because a lot of the cool names are already taken. And so you've got to make sure that it's not a, you know, that name is available. All the cool ones like surfer dude23 was already taken. I was pretty bummed.   Tom: Sounds like your AOL chat bot.   Michael: That's how I got my inspiration from.   Tom: Awesome. Our next question is from front of the show, Bobby from Seattle asks, I've heard of investors making money, buying tax lien. What does this really mean? And is this a viable strategy for investing in real estate? Mark Mr. Tax lien? What are your thoughts there?   Mark: Yeah. Right up my alley. Gosh, you've teed up these questions very nicely. I'm going to sound like the smartest guy. Well, here's really what it comes down to a tax lien is, you know, a municipal tax lien means that you owe money to the government. And that's really what when tax liens are purchased, it's typically because somebody didn't pay their County taxes. Right. And what's interesting about tax liens is a tax lien is a municipal tax lien sits in front of any other liens, like a mortgage. Okay. Now, you know, there's a caveat to that. Like federal tax lien, that's a whole nother story, but most properties don't have a federal tax lien if they have delinquent County taxes. So really what happens is every single state has different state statutes of what they're supposed to do with delinquent taxes, right? Because the County needs money to pay for schools, to pay for police officers, to pay for so many more things.   So they need that money and they sell off those tax liens just like at the County courthouse. And the person that buys them basically is paying the delinquent taxes on behalf of that homeowner. And in turn, they're going to earn a percentage of interest off of those tax liens. And so when you buy a tax lien, you don't just buy the property, but you're sitting in that first position, even beyond a mortgage. So in the event, let's say the, what they call redemption period. It's typically one, two or three years when that redemption period goes by. And if you're still the tax lien holder, you have the right to foreclose on that property and own the property. So when you used to hear about all these old infomercials about buying properties for pennies on the dollar, I guess they would say that's what the tax lien buying was all about.   So what people don't realize is that probably 99.5% of the time, somebody has got to pay off those tax liens. And you can earn anywhere typically between eight to 24% on that investment. And so look at it as almost like buying a note where you're very passively investing in real estate, but the kicker is you may have the ability to foreclose on that property, take ownership and own that property for potentially pennies on the dollar. But again, those stories are the rare ones it's like watching Storage Wars and finding that, you know, old school Bronco sitting in, you know, if the storage unit, you're the guy that bought that yeah. That is made for TV, but it does have, so the tax lien industry, um, it can be safe in some ways, if you're doing your due diligence and really understanding, Hey, if this property takes two years to what they called redeem, or when that redemption period expires, is it going to be in good enough condition where they're still valuing the property? And if you feel comfortable, you can invest knowing they're going to probably get that interest. If not, you could potentially foreclose on that property and own it for very little.   Michael: So we should have a new segment on the show called confessional corner.   Tom: Yeah.   Michael: So I did this, I purchased tax liens, read a book and thought, Oh, this is easy. So I've purchased some tax liens out in Arizona. And the auction is while it was an online auction. And so I did some due diligence and understood, okay, what counties and, and Arizona, what States I should be looking at. So I decided on Arizona. And so I ended up purchasing a bunch. I ended up winning a bunch of these tax lanes and probably 80% of them paid us. And I was like, this is the easiest money I've ever made. This is so awesome. But so what I'm wondering Mark is, so the 20% that haven't paid off, this was probably three, three and a half years ago that I did this. The ones that haven't paid off, I think the redemption period in this County, Arizona is two years. What should I go do now? Because my understanding is that if I decide to for clothes in order to, for clothes, you need to pay off all the existing liens on the property. And so if someone had purchased the tax liens from four, five and six years prior to me, there are still these existing liens on the property that I would need to pay off in order to foreclose on the property. Is that accurate? Or do you know, what do I do now?   Mark: Yeah. So two things I would do. Number one, I would send somebody out there to look at the property. Number two, I would, you know, really understand what the timeline looks like and understand if it's a judicial or administrative state where, you know, when the foreclosure happens, you know, like let's say you can actually file to get the tax deed. You need to know, you know, what all those steps are. And sometimes it's an admitted straight of approach. It's just paperwork. But if you have to go to the judicial approach, it means that you would have to actually have to go before a judge in order to earn those rights and earn the tax deed, where did that person would lose the property? So for you, you just need to understand what positions are out there, where do you fit in? And so a title search would show what other liens are out there.   Or you could go to potentially, yeah, I would say run a simple type of report, but also understand the condition of the property because it's something that you're like, man, I do not want that property. I want to I'll even pay my own taxes off. You can get yourself out of that position. If you happen to be the front runner, I would say, or if you happen to be in a position kind of buried in the middle, you may end up getting paid off at somebody ends up foreclosing and taking ownership of that property plus the interest, of course. So I would just understand your position and then if you need to spend some money to go out there and take a look at the property, because there's a chance you may get it. I would know what you actually are holding the golden ticket to.   Michael: Sure, sure. And let's just say as a thought experiment that I'm in first position that they paid their taxes prior to when I purchased them. And, you know, I decided that I don't want to foreclose on the property. It's a mess. It's something I don't want to get involved in. Is there any risk to me having paid those taxes and kind of being that first position lien holder that I need to then do something or pay additional fees as a result of being that first lien holder?   Mark: Yeah. Every state's going to be so different. I mean, these are state statues written back in like, you know, this 17, 18, 19 hundreds, like early, like way back when, so..   Michael: Four score and seven years ago..   Mark: It doesn't hurt to pick up and review on your own and really get to know, Hey, if I am the first lien holder, you know, and there's no other mortgages and this thing is clear to go, you know, what do I need to do? Do I want this? So there's a lot of questions that come with it. But I mean, if 80% of paid off, you'll probably find as it gets closer to actually redeeming during that period where you could potentially take the property, most of the delinquencies get paid off. Right, right. At the very end. So it may turn into that 99% kind of statistic that I gave you before.   So there's a lot of who knows at this point, but as you get closer, I would definitely want to know more information about, you know, what the condition is, where you fit in, in the front runner position. And it could be something that you could be that a half a percentile that ends up really good. So you never know. I mean, the story I used to tell people was we ended up doing a tax lien in Hilton Head, South Carolina. And it was a condo sitting on the water. I think we had 35 into it with this private equity firm and the kids that they have just lost a father who owned the property. None of them wanted to pay the property taxes there. They were just had a fight. Well, it went all the way through the foreclosure process. We ended up with a tax deed to that property and had 50, I think it was 58,000 into a $700,000 property. It happens, but don't expect it to happen.   Michael: Right, right, right. I think there's a, I just had a couple aha moments. And the vast majority of them is that I had no idea what I was doing and for those listeners, but go get educated. Good. Don't do what I did.   Tom: What is it like, ready shoot aim?   Michael: That's right. That's right. Yeah. That was a good learning experience.   Tom: Gosh, love this tangent right here. All right. Well, we're going to jump into the question.   Michael: Great question. Bobby.   Tom: Bobby K the man. Last question we have from Jessica out of Boston is how does Roofstock choose their markets and a related question, why is restock not available in all States? Mark, do you wanna take a quick pass at this guy?   Mark: Yeah, absolutely. This is a kind of what I work on every day, just for those listeners out there. Uh, you, but Roofstock when we started, they really went to markets with a specific intention and that was around cashflow. Right? That's what most of our investors are always chasing is really quality cashflow. But what we're realizing is that, you know, appreciation may be a different play that other investors are more interested in and, or maybe even a blend of the two. So as Roofstock went to markets from like the st Louis is to the Cleveland's to Memphis and Birmingham, kind of the typical suspects, right? Those are just very highly demanded markets because investors require a certain amount of cash flow. You can get 10% plus cap rates in some of those markets. But what we're trying to do is really balance out different investment strategies for all the different, uh, investors out there. So when it comes to, how do we choose our markets? We want to go to markets where we feel the real estate economy is definitely going in the right direction. That not only from a macro level, but also from a micro level, that there's really healthy local markets where the risk and return really feels good from, you know, the areas compared to what you can make in that cashflow. But we're also looking at kind of expanding that logic where we're saying, Hey, let's just make sure we're going to markets where there's enough supply. Right. And there's some affordability because certain markets like here in Dallas, I mean, it's gotten really tight.   And so there's just not much supply that we can source because there's so many other exit strategies that I would say are more geared towards owner occupants, right? So fix and flippers are sourcing properties and going towards those exit strategies rather than investors, because they think they can get more money. So being a marketplace, we have to really grant it, we have to react to the market and let it ebb and flow where we're trying to be the guys in the middle where supply and demand meet. Right? So that just goes to the whole, whole logic of it. You know, we're not available in every state, you know, Washington state, Oregon, California. Those are very much appreciation markets and you're just not going to have the same level of demand from investors. So we're always trying to cater to our network, but please reach out, be vocal, tell us where you want to go. And it really is a conversation point between what Tom and I talk about all the time. And he gives me a lot of feedback where the demand is. So if there's enough demand, the markets make sense. Like we're about to open up and De Moines, Iowa in Richmond, Virginia. And we feel really good about these markets. They're kind of economics. Those are areas we want to go to, but we want to hear your feedback so we can open up in more States and cities like that.   Tom: Love it, love it. And opening up new markets all the time. Excellent guys. Well, thanks for the questions that everybody's been sending in and please continue to fire them in and don't be shy on how either advanced or how novice the question is. We're going to bring in the right folks. If we can't answer the questions ourselves, I think that's a fun thing about this network that we have. And Mark, thank you very much for joining us today.   Mark: Thanks for having me on always a pleasure.   Michael: No, the pleasure is ours.   Tom: The pleasure is ours. Storage Wars. That was such a great show. My favorite part is when they, that one guy Darren. Yeah. And he's like, Oh, that's a $3 bill or, Oh, that's a $50 bill or a nonsensical bill. $50 is a real bill, like a $45 bill. Anyways. Okay. Enough of that. All right.   Mark: I'll leave you with a good story if you wouldn't mind. So talking about storage Wars. So I had to go to auction school to become an auctioneer, right? And they actually have an auction school where you show up and for eight, you have to do 80 hours in Texas. And for two hours every day, we had to do tongue twisters and we had to do, you know, counting up, counting down five, 10, 15, 20, 25, 30 to 35, 40. What do you do around the rough and rugged rock, the ragged rascal ran, right. And do it all day long. And I'm just scratching my head like, teacher, I'm going to be an online option that really make a difference. So funny enough, but they always did a charity auction at the very end. And guess who walks into my auction school in Texas? It was Walt Cade of Texas storage Wars. I'm like, get out. This is, this is like living in a weird world, but the auctioneer world is really interesting, different real estate to watches, to tobacco and cattle. And there's all kinds of things you learn. But again, I kind of raised my hand, like I'm just here for the real estate online course. We don't have that. Get back to your tongue twisters Mark. So if you really want to talk about some funny stories, it's a great world. Auctioneer's are fun, but you know, there's kind of a new regime coming through more online auctions, which is a fun way for people to kind of get comfortable with, you know, buying from anywhere in the world. Very much like what Roofstock is doing with our marketplace. So yeah. Full of fun stories, but had to share that one.   Tom: Awesome.   Michael: So cool.   Michael: Alrighty, everybody. That was our episode for today. Thank you so much for listening in a big, big, big, thank you to Mark Woodling. Always a real pleasure to have him on as always. If you liked the episode, feel free to give us a rating or review, or even if you didn't like the episode. No, don't give us a rating review if you didn't like the episode, wherever you listen to your podcasts, we look forward to seeing you on the next one.   Tom: Happy investing.   Michael: Happy investing.    

Today we talk with Byron Fisher, owner of BT Realty Services in the Tampa Bay area, about his real estate strategies during this COVID19 pandemic. Although Byron only started in real estate in 2012, he has become quite successful in a short amount of time. Byron also gives his advice to new investors on how best to navigate the current real estate market and mistakes to avoid. Also discussed is that we are in somewhat of an artificial market as there really hasn't been much of a change in prices and valuations due to the pushing off of foreclosures and evictions - but it's only a matter of time before this changes.   Key Discussion Points [01:01] Opening remarks by Eric Odum and Steven Silverman [05:31] About our guest: Byron Fisher [06:04] How did you get started in real estate? [12:24] Are you using debt to acquire properties (the ones you are currently holding)? [13:36] How has COVID19 affected your rental and acquisition business? [15:54] Tell us about the online auctions you're involved with (Auction.com, Hubzu, etc) [19:56] What's your opinion on where you think the market will go and what opportunities might come up? [21:28] What have you heard about Gov. DeSantis pushing off foreclosures and evictions even later than August 2020? [24:47] What types of mistakes do you see people making as they build their real estate business? [25:33] Do you have your own crews that can help fix up real estate properties? [31:19] What advice can you give to new investors on how best to navigate this real estate market we're in? [32:19] How can people contact you for opportunities or questions? [34:27] Closing comments by Eric and Steven

Jason Hartman talks Real Estate Wholesaling with Lex Levinrad. Lex takes us through his work-flow and how his business spans real estate wholesaling, flipping, and rentals. Jason finds out how Lex is continuing to find foreclosure inventory and talks about the anticipation of changes in the next three years.  Key Takeaways: [1:26] Explaining wholesaling [5:00] How are you finding foreclosure inventory, and is it more-so of a struggle currently? [7:30] With current trends, short-sales will become a booming business again in the next couple of years  [9:30] What’s the step by step? [12:55] Understanding the concepts of whole-saling, and the order of process [19:30] No matter what you are doing, flipping, or wholesaling, remember to keep a couple of rentals as well Websites: www.JasonHartman.com www.LexLevinrad.com www.Hubzu.com

On this podcast episode I talk about wholesale real estate versus retail real estate. This podcast episode topic is an important concept to understand. This episode topic came about based on a question by one of our listeners. There question was "why pay 10% interest if you can get a 4% mortgage? That's a great questions and I thought it would make a good topic for a podcast episode. I called it Wholesale Real Estate Versus Retail Real Estate because this is really the essence of you understanding why as cash investors we need to use private lenders. If you are buying wholesale real estate then you are paying all cash and you cannot use a regular mortgage. The reason you cannot use a regular mortgage are because either the seller will only accept all cash or a mortgage company would not offer a mortgage (for example on a damaged property). Situations where you would have to make an all cash offer include: BANKS Banks do not accept mortgages when they are liquidating properties so any offer on an REO, Short Sale, Foreclosure or Pre-Foreclosure would have to be all cash AUCTION SITES Auction Sites like Hubzu, and Auction.com will only accept all cash offers and will not take offers with a mortgage DAMAGED HOUSES Houses that have any kind of damage from water, flood, mold, or fire cannot be purchased with a mortgage BUYING FROM MOTIVATED SELLERS If you are buying a house from motivated sellers where you say "we buy houses for cash" or you are using postcards, yellow letters, Facebook Ads etc. to market to motivated sellers then you have to pay all cash. On all of the above scenarios you would need to make an all cash offer which means you need to either have the cash yourself or you need to use a private lender or hard money lender.

On this podcast episode I talk about wholesale real estate versus retail real estate. This podcast episode topic is an important concept to understand. This episode topic came about based on a question by one of our listeners. There question was "why pay 10% interest if you can get a 4% mortgage? That's a great questions and I thought it would make a good topic for a podcast episode. I called it Wholesale Real Estate Versus Retail Real Estate because this is really the essence of you understanding why as cash investors we need to use private lenders. If you are buying wholesale real estate then you are paying all cash and you cannot use a regular mortgage. The reason you cannot use a regular mortgage are because either the seller will only accept all cash or a mortgage company would not offer a mortgage (for example on a damaged property). Situations where you would have to make an all cash offer include: BANKS Banks do not accept mortgages when they are liquidating properties so any offer on an REO, Short Sale, Foreclosure or Pre-Foreclosure would have to be all cash AUCTION SITES Auction Sites like Hubzu, and Auction.com will only accept all cash offers and will not take offers with a mortgage DAMAGED HOUSES Houses that have any kind of damage from water, flood, mold, or fire cannot be purchased with a mortgage BUYING FROM MOTIVATED SELLERS If you are buying a house from motivated sellers where you say "we buy houses for cash" or you are using postcards, yellow letters, Facebook Ads etc. to market to motivated sellers then you have to pay all cash. On all of the above scenarios you would need to make an all cash offer which means you need to either have the cash yourself or you need to use a private lender or hard money lender.

WHOLESALING REAL ESTATE 101 On this podcast episode I talk about wholesaling real estate, what wholesaling is, and the four basic steps of wholesaling. The Four Steps Are: *Finding a House That Would Be A Good Flip *Making An Offer To Buy That House *Getting The House Under Contract *Selling That House For A Profit To An Investor I discuss a lot of meat and potatoes stuff about wholesaling on this episode. I use an example of finding a house For Sale by Owner on Zillow, making an offer to purchase the house, and flipping the house to a cash investor. Using the example, I walk you through the inspection period and why that is important and how to use the inspection period to cancel your contract or ask for a price reduction. I talk to you about assignments of contract versus double closing and when you should use which strategy. We also cover cash buyers, building your cash buyers's list and why you should get your real estate license. I talk about why finding a house is the most difficult of the 4 steps above and why cash investors like me are always looking for more houses. I discuss different websites for finding houses, and bidding for houses on online auction sites like Hubzu, Auction.com and Xome. I also discuss marketing to motivated sellers with direct mail, Facebook, Pay Per Click, Text Marketing and Cold Calling. There is a lot of meat and potatoes about wholesaling in this episode. If you are new to wholesaling or want an intro to wholesaling then this podcast episode is for you! If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best-selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

WHOLESALING REAL ESTATE 101 On this podcast episode I talk about wholesaling real estate, what wholesaling is, and the four basic steps of wholesaling. The Four Steps Are: *Finding a House That Would Be A Good Flip *Making An Offer To Buy That House *Getting The House Under Contract *Selling That House For A Profit To An Investor I discuss a lot of meat and potatoes stuff about wholesaling on this episode. I use an example of finding a house For Sale by Owner on Zillow, making an offer to purchase the house, and flipping the house to a cash investor. Using the example, I walk you through the inspection period and why that is important and how to use the inspection period to cancel your contract or ask for a price reduction. I talk to you about assignments of contract versus double closing and when you should use which strategy. We also cover cash buyers, building your cash buyers's list and why you should get your real estate license. I talk about why finding a house is the most difficult of the 4 steps above and why cash investors like me are always looking for more houses. I discuss different websites for finding houses, and bidding for houses on online auction sites like Hubzu, Auction.com and Xome. I also discuss marketing to motivated sellers with direct mail, Facebook, Pay Per Click, Text Marketing and Cold Calling. There is a lot of meat and potatoes about wholesaling in this episode. If you are new to wholesaling or want an intro to wholesaling then this podcast episode is for you! If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best-selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

Technology is a huge part of the world around us and real estate is no exception. We have been researching the use of technology in real estate investing for some time now and are attempting to create a resource page for your use and reference. Today as we open the subject, I’m going to share with you how we have tentatively outlined the subject, listed programs, websites, and apps to check out, and how we are going to open this up for YOU to contribute to the listings. This will likely become an ongoing feature of the show. We certainly won’t cover everything today or even next time, but we know it’s an important part of investing so we are going to make it a regular topic.  How to contact us www.RogerBlankenship.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question.  Email your questions to questions@rogerblankenship.com. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don’t mind.  Announcements: Lunch with me every Wednesday. Baraonda The FAN is here! Would you like to invest with the Flipping America Guy? We are looking for select partners on multiple projects. Contact us roger@rogerblankenship.com or go to rogerblankenship.com/invest. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.  The Flipping America Network app is available. Download for free. FlippingAmericaNetwork -- all one word. Create your profile for free. List properties, browse properties. When you buy or when you sell your cost is $100.  Topic: RE Tech The Purpose of Technology It’s not a replacement. Doesn’t replace understanding  what a deal is. The process of getting a deal done Doesn’t create common sense - comps. Doesn’t replace the need to build relationships. Won’t go see properties for you, although we are getting closer on that all the time. It may suggest a solution, but it won’t make a decision (and we don’t want it to). It’s a Tool Automate procedures Speed up processes Analyze big data sets Saves time (maybe - sometimes the setup and error correction take longer than it would have to do it manually in the first place. HOWEVER - once it’s done, the same process can be repeated much faster in the future.)  RE Tech: Software Branded RE sites and apps Realtor.com Trulia.com Zillow.com Redfin.com Remax.com Keller Williams Homes for Sale, Rent app Century 21 Local USHUD Foreclosure Home Search Homesnap Hotpads Realty One app StreetEasy NYC Rentals HAR Texas Real Estate Movoto Real Estate HomeSpotter Real Estate Owners.com ERA Real Estate GoMLS Room8 LoopNet  Idealista Estately Real Estate Search BHG Real Estate Homes CoStar Commercial Airbnb RadPad PropertiesBook Real Estate Millions Mapped Real Estate Compass Real Estate - Homes Xome PropStream Privy  Remine app. Not for the small budget  Software for Property Information and Valuation Driving for Dollars Apps. Deal Analyzers, including spreadsheets people sell Financial calculators Pinpoint Profits, connected investors Website templates Software for Prospecting Land Glide Road Warriors Driving for Dollars MileLogger - Mileage Tracker RealEstate Profinder HomeScout HomeTrust Real Estate (off market properties) Deal Machine App BirdDogBot.com REI Skip DealCheck DealCrunch Property Analyzer Syndicated Deal Analyzer, Mike Blank, http://www.syndicateddealanalyzer.com RehabValuator, Daniil Kleyman HouseFlippingSpreadsheet.com Dave Robertson Mortgage Calculator by QL Loan Calculator PowerOne FE Carrot.com www.wix.com/Real-Estate/Free-Templates‎ www.cribflyer.com/‎ www.intagent.com/‎ Colorlib.com themeforest.net Templatemonster.com https://donedealwebsite.com/real-estate-investor-websites/ Construction Mgt. Estimation Software Rental Mgt. RE Investing Business Mgt RE Brokerage Contracts Software for Management Contractor tools Fieldwire Construction Management Contractor Foreman Procore Buildertrend Smartsheet Raken Construction Management  Project Construction Estimator Magical Home Plans RECalc Mortgage Calculator DealCheck Rehab property Calculator Mogul Real Estate Calculator Scoper Rehab Calculator Mastery App NYC Closing Estimator HomeAdvisor Google “construction estimator” for a bunch more Landlord Tycoon Landlordy Property Management Stessa Rentredi  Cozy.co RealeFlow FreedomSoft (or similar) Real Estate Exam for Dummies App Real Estate Exam Practice Real Estate Dictionary Real Estate Exam Prep  Real Estate Pocket Prep Premiere Agen, RE CRM RPR Mobile (Realtors only) FlexMLS (Realtors only) Showing Time Supra eKey MoveTo RedX Arch Agent LandVoice Sales Genie Docusign Dotloop Sign In and Send PDF Attom Data CoreLogic HousingWire SM2 RP Data Pro TopConnector Property Passbook Data Sources Connected Investors, website and app Bigger Pockets Inman RIS Media Trulia’s Blog RedFin blog Zillow PorchLight Geek Estate Property Cluster Realtor.com Bisnow.com The Bigger Pockets 1000 Watt  Lighter Side of Real Estate Epic Real Estate Home Warranties  Power Site Blog  Blogs FlippIt! - House Flipper Landlord Tycoon Real Estate Mogul Real Estate Tycoon Business Games Fundrise Landa  GROUNDFLOOR  Patch of Land Iintoo.com Dadlpinvestments.com Cadre  Arbor Crowd RealCrowd CrowdStreet PeerStreet Small Change RealtyMogul Investing Sites Auction.com and app Hubzu.com and app HUD Home Store.com Realtybid.com XOME.com Ontario HiBid Auctions RealEstate Templates for Pages Miscellaneous Software and Apps Hardware Measuring devices Arrim Key Hero Construction tools Smart Home stuff.  Tech for the rehabbed house News: Bidding wars are taking a strange turn in the fall housing market https://www.cnbc.com/2019/10/08/bidding-wars-are-taking-a-strange-turn-in-the-fall-housing-market.html Confidence in housing weakens just as homes become more affordable https://www.cnbc.com/2019/10/07/confidence-in-housing-weakens-just-as-homes-become-more-affordable.html The top 10 best places to retire https://www.cnbc.com/2019/10/08/the-top-10-best-places-to-retire.html SoftBank CEO 'embarrassed' by results of his tech investments https://www.inman.com/2019/10/09/softbank-ceo-embarrassed-by-results-of-his-tech-investments/ Leaders in real estate technology predict the future of home buying https://www.valuewalk.com/2019/10/real-estate-technology/ Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message!  Motivational Thoughts for the day   “The ones who are crazy enough to think they can change the world are the ones that do.” --Anonymous  

On this podcast episode I discuss bidding on online auction sites like Hubzu, Auction and Xome. Online auction sites that list bank owned properties (REO's), and short sales are an excellent resource to find good deals at wholesale prices. Many of these deals have enough profit potential for you to be able to wholesale the property to rehabbers or fix and flip the property yourself. For example, I recently posted a video of myself standing in front of a house with a Hubzu sign. That house was purchased by a wholesaler and flipped to me (for a $10,000 profit to the wholesaler). I then fixed the house (which cost $25,000) and sold it a few days ago for $175,000 and netted a profit of $34,000. (See tomorrow's episode of the checks and HUD's from this deal). So there was $44,000 of total profit in this deal. And it was on a free online auction site that you or anyone else could have bid on!. Before you bid on online real estate auction sites, make sure you know how they work. They are all different and have different bidding requirements. For example presently Hubzu does not require a credit card to register (but they did 6 months ago). Auction and Xome both require a credit card. This difference is huge because what it means is that if you bid on a property on Xome or Auction, your credit card gets charged for $2,500. Another issue on some of these sites is that they are feeding retail MLS listings into their sites (which are not wholesale deals). And watch out for the foreclosure trustee sales. These are not REO's owned by the bank. They are properties being sold at the county court houses and you should not bid on these if you don't have an attorney or title company running lien and title searches for you. Listen to this podcast episode to learn more about bidding on online auction sites. If you are brand new to real estate and want to learn more about how to fix and flip houses then please register for the free fixing and flipping houses training at this link: https://www.lexlevinrad.com/fixandflipwebinar For more information about the Fixing and Flipping Houses Boot Camp please visit this link: https://www.lexlevinrad.com/fixing-and-flipping-boot-camp/ DON'T FORGET TO SUBSCRIBE CONNECT WITH ME ONLINE: http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK Download a free copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

On this podcast episode I discuss bidding on online auction sites like Hubzu, Auction and Xome. Online auction sites that list bank owned properties (REO's), and short sales are an excellent resource to find good deals at wholesale prices. Many of these deals have enough profit potential for you to be able to wholesale the property to rehabbers or fix and flip the property yourself. For example, I recently posted a video of myself standing in front of a house with a Hubzu sign. That house was purchased by a wholesaler and flipped to me (for a $10,000 profit to the wholesaler). I then fixed the house (which cost $25,000) and sold it a few days ago for $175,000 and netted a profit of $34,000. (See tomorrow's episode of the checks and HUD's from this deal). So there was $44,000 of total profit in this deal. And it was on a free online auction site that you or anyone else could have bid on!. Before you bid on online real estate auction sites, make sure you know how they work. They are all different and have different bidding requirements. For example presently Hubzu does not require a credit card to register (but they did 6 months ago). Auction and Xome both require a credit card. This difference is huge because what it means is that if you bid on a property on Xome or Auction, your credit card gets charged for $2,500. Another issue on some of these sites is that they are feeding retail MLS listings into their sites (which are not wholesale deals). And watch out for the foreclosure trustee sales. These are not REO's owned by the bank. They are properties being sold at the county court houses and you should not bid on these if you don't have an attorney or title company running lien and title searches for you. Listen to this podcast episode to learn more about bidding on online auction sites. If you are brand new to real estate and want to learn more about how to fix and flip houses then please register for the free fixing and flipping houses training at this link: https://www.lexlevinrad.com/fixandflipwebinar For more information about the Fixing and Flipping Houses Boot Camp please visit this link: https://www.lexlevinrad.com/fixing-and-flipping-boot-camp/ DON'T FORGET TO SUBSCRIBE CONNECT WITH ME ONLINE: http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK Download a free copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

There a quite a few online property auction platforms out there right now.  Initially these websites were seen as potentially taboo, scary, and extremely risky to purchase actual properties from. Now, it's the mainstream... Hedgefunds with millions of dollars are bidding on properties daily.  Sheriff sales are 'marketed' via auction.com to increase live auction attendance at the courthouse.  Homes are bought by owner occupants and investors daily. Today's podcast is a LIVE account of an actual auction of a property on www.hubzu.com, one of the many platforms out there right now. We digest the fees, timing the bids, potential strategies, and ride the roller coaster of bidding via online auction for investment properties. If you are interested in bidding via online auction for properties, or have done it before, check out this podcast!  

Lex Levinrad has been a full-time real estate investor since 2004, having flipped, wholesaled, and rehabbed more than 500 houses. Lex discusses some of the strategies he used to scale his business in this week's episode. The biggest takeaway from Lex is that you have to change your perspective on money! If not, it will only hold your business and your money-making potential back. Key Takeaways: What does Lex's business look like today? How did Lex manage to scale his business? You have to hire and outsource your work when you start getting bigger. There's only so much one person can do before it's too much. How did Lex create a successful system that works for him? Get your real estate license! Don't let the fear of hiring someone stop you. You can hire an intern if you're worried about money. It's easier to get into this business today than it was 10-15 years ago. What's Lex's one quick tip? Go to hubzu.com and register as a buyer. Try to make five offers a day or 100 offers a month. How does Lex find hot markets to wholesale in? What kind of resources is Lex using to simplify his business? Focus on one or two marketing campaigns over a 90-day period. Worry about building a successful foundation first, before you overwhelm yourself. Consistency is key!   Mentioned in This Episode: www.FlipEmpire.com www.LexLevinrad.com www.Realtor.com www.Auction.com www.Hubzu.com www.Zillow.com www.Craigslist.com   Ask Alex A Question: Have a question you want featured on an upcoming Flip Empire Show? Head over to the Ask Alex page, and record you question. We've made it super easy for you, so let us know what challenges you are having, and Alex will answer it personally! Did you get your FREE Online Course? Text the word EMPIRE to 67076, and we'll send you a link to get instant access to the “5 Ways To Scale Your Real Estate Wholesaling Business To Six Figures (In 6 Months Or Less)” video module training course. Subscribe To The Flip Empire Show, and Leave a Rating & Review!

Lex Levinrad joins the FlipNerd Expert Show today to share his wealth of knowledge on the fundamentals of real estate: wholesaling, rehabbing and rentals. He shares his knowledge of how to either grow or get started, and some common mistakes that investors make. In the Taking Action segment of the show..Lex shares some incredible knowledge on how to find deals, the importance of taking action, and much more. Don't miss this show! Try out our FlipNerd Elite Membership for $1 for 7-days! Learn more about our premium training HERE!

Lex Levinrad joins the FlipNerd Expert Show today to share his wealth of knowledge on the fundamentals of real estate: wholesaling, rehabbing and rentals. He shares his knowledge of how to either grow or get started, and some common mistakes that investors make. In the Taking Action segment of the show..Lex shares some incredible knowledge on how to find deals, the importance of taking action, and much more. Don't miss this show! Try out our FlipNerd Elite Membership for $1 for 7-days! Learn more about our premium training HERE!

Ask not what you can do for technology, ask what technology can do for you. Today’s Best Ever guest shares with us how we can bid on properties online, and the importance of technology in the real estate industry.   Best Ever Tweet:   Technology is changing consumer behavior.   Eric Eckardt’s real estate background:   -          Vice President at Hubzu.com based in New York City, NY -          Named one of the top technology real estate firms -          Prior to that he was the Founder of Eckardt Holdings which launched startup companies like Zonic Realty, an online brokerage -          He is the youngest of 8 and spread is 18 years   Subscribe in   and    so you don't miss an episode!   Made Possible Because of Our Best Ever Sponsors:   - Having a hard time finding great investment properties?Unfortunately, the best deals are rarely found locally. Norada Real Estate’s simple proven system provides you with the best deals across the U.S. to create wealth and cash-flow.Get your FREE copy of The Ultimate Guide to Out-of-State Real Estate Investing at      - Want to learn more about crowdfunding? Let the leading expert in the crowdfunding space, Patch of Land, give you all the info you need to get started. Grab your FREE copy of Top Ten Answers to the Top Ten Crowdfunding Questions at