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Published on Sep 30, 2013
In this video Lex is with one of his mentoring students Hector in front of the first property that Hector purchased in Port St Lucie Florida. This is a 3 bedroom 2 bathroom house with a swimming pool which was purchased for $69,000. The house needs almost no work and is worth at least $95,000 to $100,000 (After Repair Value) so Hector has picked up about $30,000 in instant equity on this deal. If you are wondering how Hector found such a great deal this house was listed on our site http://www.FloridaWholesaleRealEstate.... You can sign up for our list and get emails when we have new deals by visiting http://www.cheaphousesinsouthflorida.com Hector just rented this house out yesterday for $975 per month and plans to keep it as a rental property. His plan is to refinance the mortgage into a 15 year fixed mortgage and keep it as a rental property. This property will be positive cash flow and with equity from day one. Congratulations to Hector. If you want to learn how to do this too make sure you visit our website at http://www.lexlevinrad.com