Buying Houses With No Money Down

On this podcast episode I talk about buying houses with no money down. One of the easiest ways that I know to explain “no money down” deals is to give you a real life example of my first no money down house that I purchased. The house that I am talking about on today’s podcast was a house that I estimated had an After Repair Value (ARV) of $120,000. The house was offered to me by my mentor (who got it from a wholesaler). The purchase price was $50,000 which included all of the wholesalers fees. The house had a significant amount of water damage from Hurricane Frances and needed around $25,000 in repairs. I purchased this house with a $50,000 loan from my mentor’s partners dad. I borrowed the $25,000 for repairs from my friend Darryl’s mom. After repairing this house (using my mentor’s crew) I rented out the front house for $1,200 and I rented the back unit efficiency for $600 (total $1,800 per month). I went to my mortgage broker Warren to refinance the house. The house appraised for $163,000 and after paying off my lenders I received $39,000 on the cash out refinance. I used that money as a down payment to purchase my primary residence in Boca Raton (I still own that house). Remember this, if you can buy houses and your “all in cost” (purchase plus repairs plus fees) is less than 80% of what the house would appraise for, then you too can buy houses with no money down. The trick is – how to find these houses. My Home Study Course that I give to all of my Partnership Program Students starts out with the first 10 houses that I purchased (all with no money down). This house that I am talking about on today’s podcast is house number one in my Home Study Course. 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 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: DON’T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL CONNECT WITH ME ONLINE 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

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Incredible podcast!

This podcast is a must listen for anyone looking to level up their real estate investing strategies! Lex is a great host and his conversations with guests reveal everything you need to know to succeed.


Amazing Content!

Lex does such a good job covering a variety of topics. The guests offer valuable insight as well. I would recommend this podcast to anyone looking to be inspired and informed!


Absolutely Top Class!!!!

Excellent content from one of the top boots on the ground investor. Personally changed my life and my Real Estate investing career. Many thanks Lex for providing amazing content, mentorship and for sharing your knowledge and real world experience.


Invest like the best!

Whether you're a seasoned real estate investor or just dipping your toes in, Lex is the guy you want in your corner - and your headphones! I cannot tell you how much I've learned from this show. Thanks a million, Lex!

Arlie K

Excellent Content!!!!!

This is a wonderful podcast to listen to with such valuable content. I was very interested to listen to your take on why one should purchase rental property.


Best real estate investor podcast.

Lex gives you real tips with actual names of multiple sites and services to use from the beginner up to advanced. I feel he’s giving away his classes for free on the podcast. Most podcasts stop short of details and give generic advice unless you join there groups.


The Real Deal!

I’ve been looking to get into the world of real estate investing but everyone I ask gives me answers that makes it all sound way too easy. This podcast gives you the real deal. More please!

Anna B David

Great show for beginners or experts!

As an amateur flipper since I was in my teens, I kind of have gotten pretty good at identifying great opportunities and taking advantage of them. But, Lex dives much deeper and gives actionable tips on how to make sure you are looking at everthing before making any decisions. I'm hooked!

Mitche Graf

Be Prepared to Learn!

Two words: Information Dense. Sweet Moses. I’ve listened to other real estate investing podcasts but this by far is the most practical, the most hands-on podcast I have heard to date. You can tell that the host, Lex, is very passionate about real estate investing. That passion with his experience translates into an excellent podcast. He shares theory about a topic and then tells a story about his experiences in the real world. That to me is gold!

Cliff Duvernois