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The Fixing and Flipping Houses Boot Camp™ is one of the 4 boot camps which is included in the foundation of our Real Estate Success Essentials Training™ and is part of the core Lex Levinrad Real Estate Training Program™
At the Fixing and Flipping Houses Boot Camp™, you will learn how to buy the right property at the right price. To fix and flip houses successfully, you need to be buying houses at deep discounts to market value. When you fix and flip houses, you make your money when you buy so it is imperative that you do not overpay.
When you fix and flip houses you have many holding costs including interest, property taxes, and insurance, as well as the cost of repairs, material and labor. You have to know how to estimate your profit potential on a fix and flip and you do this by understanding the After Repair Value (ARV), the Repair Estimate, and the Maximum Offer Price.
You will learn how to estimate After Repair Value (ARV) using comparable sales so that you know how to calculate what a house could be sold for. You will learn how to look at the sold comps, MLS listings and current inventory in order to anticipate what you could conservatively sell a house for after it has been repaired. This is called the After Repair Value (ARV).
Lex will show you how to calculate your potential profit on a fix and flip by using our proprietary Fix and Flip Calculator which we call the Rehab Property Calculator™. In order to use this calculator you will need to learn how to create and calculate a repair estimate and have a good understanding of how much it will cost to repair a house.
Lex will teach you at the boot camp how to review and estimate major rehabs and minor cosmetic rehabs. He will explain to you how to break down the repair estimate into material costs and labor costs.
On Saturday, Lex takes you on a Bus Trip to Home Depot where he goes aisle by aisle with you reviewing the materials that he uses in his rehabs. He shows you the difference in materials for lower end Section 8 Rentals and the materials that he uses in higher end fix and flips. By completing this exercise you will have a very good understanding of what materials to use, and how much materials cost. This will help you in estimating repairs on rehabs.
The other component of the repair estimate is labor costs. Lex will show you how to identify what your labor costs would be when using contractors and sub contractors and how much you should pay. Armed with this knowledge, you will be able to accurately estimate how much it will cost to repair a house and you will be able to use this information to plug it into the Rehab Profit Calculator™.
Many of my students now fix and flip houses for a living. Learning how to fix and flip houses and how to calculate a repair estimate is an essential skill to know. It is one of the core skills that you need to learn as a real estate investor. I will teach you why this is so important for you to understand at the Fixing and Flipping Houses Boot Camp.™
The most important concept with fixing and flipping is that you cannot overpay. If you are going to be profitable you will need to learn how to buy the right house at the right price. You need to learn how to be able to find good deals at wholesale prices (50 to 60 cents on the dollar). This is an essential skill as a real estate investor because regardless of whether you want to flip houses, fix and flip houses or keep houses as rentals or Airbnb’s, you still need to be able to know how to find houses.
If you don’t know how to find houses, you will be reliant on wholesalers to bring you deals, and you will pay a very hefty premium for every house that you buy. Wholesaler’s mark up deals by $40,000 or more so learning how to find deals yourself can save you a lot of money as an investor when you buy. That is why it is considered a core essential skill in our real estate training program. Being able to estimate repairs and know how to calculate a repair estimate is also a core essential skill that you need to know.
Lex will teach you how to evaluate and calculate the profit potential on fix and flips over the 3 days of the live intensive training at the Fixing and Flipping Houses Boot Camp™
He will teach you how to put these concepts together so that you know how much to offer on a property. He calls this the maximum offer price. He will show you how to calculate the potential profit on a fix and flip and what you can expect to make fixing and flipping a property by using the Rehab Property Calculator™
At the Fixing and Flipping Houses Boot Camp™, Lex will spend three days with you, teaching you how to calculate profit potential on fix and flips. He will also show you everything you need to know about funding your fix and flips and how to borrow money from private lenders and hard money lenders.
The 3 day Fixing and Flipping Houses Boot Camp™ is hands-on and practical, with live deal evaluations of on market and off market properties, and real-world case studies from our students. After attending the boot camp, you will leave with the exact knowledge and skills that you need to start making offers, buying houses, and fixing and flipping houses.
Plus, you’ll receive access to online training, contracts, scripts, calculators, and direct mail tools, giving you everything you need to fix and flip houses. When you attend the boot camp, this training will show you step-by-step how to evaluate houses and how to calculate the potential profit on a fix and flip.
The Fixing and Flipping Houses Boot Camp™ is an essential part of our real estate Training Program, but it’s only one of 4 main boot camps.
You will learn other essential skills that you need to know at our other real estate training boot camps.
Our Live Training Real Estate Boot Camp Events Are:
Our real estate training program has been teaching new investors how to get started investing in real estate since 2008. Our training has been refined and developed by Lex over the past 17 years of teaching our students how to invest in real estate. Lex personally teaches his hands-on method of investing in real estate at all of our training programs and boot camps.
Over 7,000 students have completed the Lex Levinrad Real Estate Training Program™ which is designed to guide our students through the learning process of our training program and to teach them about every aspect of investing in real estate.
Students In The Lex Levinrad Real Estate Training Program Get The Following:
Attending all of our real estate training boot camps will make you a versatile real estate investor. Lex calls this being a “Complete Real Estate Investor™”. The goal is to teach you how to buy houses, how to wholesale and flip houses, how to fix and flip houses, and how to buy rentals and Airbnb’s.
The Lex Levinrad Real Estate Training program™ teaches all aspects of real estate investing:
If you follow Lex’s proven formula, attend our real estate training boot camps, read the Home Study Course, and watch the training videos on our training site, you will learn what you need to know in order for you to become a successful and profitable real estate investor. It is important that you approach this from a perspective of being willing to invest the time to learn, to be coachable, be willing to listen, and to learn and to follow the instruction and guidance that Lex gives you in the Lex Levinrad Real Estate Training Program™. It has helped 7,000 new real estate investors, and it will help you if you follow the training program.
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If you would like to talk to one of our Student Support Managers to see if the Lex Levinrad Real Estate Training Program is a good fit for you and to learn more about our real estate training boot camps and coaching programs call (561) 948-2127.
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I hope to see you soon at one of my real estate training events.
To your success,
