THE DISTRESSED REAL ESTATE INSTITUTE - Key Persons
Lex Levinrad has been investing in real estate since 2003, and has purchased, rehabbed, wholesaled, fixed, flipped and rented over 1,000 single family homes. Lex with his team at Lex Real Estate Group, buy, wholesale, fix and flip around 15 to 20 houses a month. Lex has been a landlord for 18 years and manages a large portfolio of single family and multi family rental properties in multiple Cities and Counties.
Lex is the founder and CEO of the Distressed Real Estate Institute™, which trains new real estate investors how to buy, rent, wholesale, and fix and flip properties. The Distressed Real Estate Institute™ specializes in teaching new investors how to invest in foreclosures, short sales, bank owned properties and how to buy homes directly from motivated sellers. Lex has trained thousands of students from all over the world how to make money in real estate by wholesaling, fixing, flipping and buying and holding real estate with the Distressed Real Estate Institute™ Training and Coaching Programs. Over 5,000 students have successfully completed our Real Estate Bird Dog Partnership Program Training.
Lex is an internationally recognized motivational and real estate speaker, and has shared the stage with some of the world's biggest speakers. He has authored 7 books about investing in real estate including best sellers "Millions in Real Estate with No Cash and No Credit", and "Wholesaling Bank Owned Properties". Lex has been featured on the front page of both the Miami Herald and the Sun Sentinel, and has also been featured on Fox News Radio, ABC, CBS, NBC, The Huffington Post, The Real Deal, Mortgage Daily News, Yahoo Real Estate, Real Estate Professional Magazine, and Real Estate Wealth Magazine. Lex writes articles about real estate investing for many real estate magazines, online publications and real estate websites.
Lex is the host of the popular "Investing in Real Estate with Lex Levinrad" podcast which has more than 3.5 million downloads. Lex has been interviewed on many other real estate radio shows including Fox News Radio and the Financial Survival Network. Lex is also the founder of the Distressed Real Estate Investors Association™ which is one of the largest real estate investment clubs in the U.S. with over 10,000 online members. Lex is a licensed Realtor® with Charles Rutenberg Realty. Lex lives with his family in Boca Raton, Florida.
The first house that I purchased to renovate looked like it was literally falling apart. The asking price was $50,000. The house had been damaged by Hurricane Francis in 2004 and the roof was severely damaged by the hurricane and the house had water damage and mold. The owner was living in a FEMA trailer supplied by the government since the area was declared a disaster zone. So this guy could not live in his house but he was still responsible for making the mortgage payments.
so how did I find this house? My mentor Ben found it from a wholesaler. The wholesaler put out a $2 bandit sign that said "we buy houses for cash". And the owner of this hurricane damaged property called the number on the bandit sign. The wholesaler flipped the house to my mentor Ben for a profit. Ben then flipped the house to me.
I learned my first lesson. The moral of the story is that if I did not have a mentor, I would not have found this house. So find a mentor. You NEED a mentor.