Real Estate Investing the Street Smart Way with Lou Brown
Real Estate Investment Training - Real Estate Investors
Don't Go Into A Deal Without Knowing What You Are Agreeing To. (Read All The Paper Work) - Street Smart Cash Flow Accelerator #36
Lou Brown
May 22 2019
Don't Go Into A Deal Without Knowing What You Are Agreeing To. (Read All The Paper Work) - Street Smart Cash Flow Accelerator #36
Read all the paperwork. Know what you're agreeing to, this is so important. I've seen many of my licensees around the country borrow money from third parties. They didn't even know what they were getting themselves into. I've seen them borrow from banks. For example, banks love to take all of your assets, pull them together into one. What's called a blanket loan and then make you subject to them is if they decide that your property's not worth what they think it ought to be worth, they can call that entire loan. Do I imagine that that was in that paperwork all along?
They have the right at any time that they feel unsecure to literally give you a call and say, by the way, our loan committee met and we decided that we just want to go ahead and receive the money back on that loan.
Imagine what you would feel like if you got a call from the bank. And that happened. Well, it was all there and the paperwork. This is one of the reasons I teach my clients not to go to banks and not to qualify for loans. Now I know you may have a great relationship with banks and they love you and they call you up on the phone and they beg you to come get some more money. And I understand and if you've got one of those relationships, I'm not saying don't do that.
Well maybe I am saying that because if you were to actually understand what to say and how to say it, you'd be able to raise all the money you needed for your deals without going to banks, without qualifying for loans, without paying points, and even without paying closing costs. How powerful is that?
Lou Brown has been buying, selling and holding property for 40 years and you are about to discover what a lot of so called gurus are missing.
* How to buy all the property you want without ever visiting a single bank or needing to qualify for a loan
* How to have a buyer or renter before you even buy property
* How to have them already pay you money before you sold them anything
These are exactly the kinds of deals he does day in and day out. Most 'investors' are getting it wrong. It's not about the property, it's about the buyer. Buying right and buying cheap is what you'll do after you have the buyer.
Media Sites:
YouTube: https://www.youtube.com/user/StreetSmartInvestor
Podcast: http://Streetsmart.mypodcastworld.com/
Facebook: https://www.facebook.com/StreetSmartInvestor/
Web Site: https://millionairejumpstart.com/ and https://streetsmartinvestor.com/
Real Estate investors in all fifty states across Canada and fifteen foreign countries including as far away as Australia and New Zealand, have long regarded the training, systems and forms created by Louis Brown as the best in the industry, Quoted as an expert by many publications and authors, "Lou" draws from a wide and varied background as a real estate investor having been buying property since 1976.
He's invested in single-family homes, apartments, hotels, developed subdivisions and built and renovated homes and apartments. Each of these experiences has given him a proving ground for the most cutting edge concepts in real estate today. He's widely known as a creative financing genius with his deal structuring concepts.
Being a teacher at heart he enjoys sharing his discoveries with others. He has served the industry in many volunteer positions such as past President and designated lifetime member of the Georgia Real Estate Investors Association, the world's largest real estate investor group.
He is also founding President of the National Real Estate Investors Association, which serves as the umbrella association of local investor groups.
About
About Lou Brown
Click here to see the full author's profile
Recent Episodes
The Importance Of Lawyers To The Due Diligence Process | Street Smart InvestorDue Diligence Checklist | Street Smart Investor
The Street Smart Way Of Buying Houses | Street Smart Investor
Zillow Has Shut Down Buying Houses! | Street Smart Investor
Fewer Deals, Less Work, More Money Be A Street Smart Investor
The Work For Equity System | Street Smart Investor
Focus On Your Community: Find Deals The Easy Way | Street Smart Investor
Deals, Referrals & Incentives | Street Smart Investor
What Is Seller Financing? | Street Smart Investor
High-End Property Successfully Sold Without Going To The Bank | Street Smart Investor
