Have the contract state the minimum hours required to work #84 - 101 Street Smart Cash Flow Accelerators

Lou Brown

Dec 07 2019

Hi, this is Lou Brown. I'm back with another amount, 101 cashflow accelerators to help you build your business, grow your business and support you longterm in the success of your business. One of the things I've learned over the years in this section, we've been covering renovations. You better make sure you know the number of hours that they are going to devote to your business. And so therefore in our contract we actually state the number of hours that they're going to devote. Uh, one of the things when you are first determining whether you're getting a good deal or the right price from the contractor, I'll always ask them, well, how long do you think that will take? And then as we're going through the contract, you know, how many hours would that be and how many hours would that be and how many hours would that be? And then I'll do my own calculations on the number of hours I expect it to take.

And I'll do my own calculations on the amount of dollars per hour. I would expect to pay for that. Then you can get a better clarity about the amount that you're paying for the contractor and for the contract. Because let's face it, if you've not been in a renovation business, if you don't know how to value a contract, you really don't have many parameters to work from. But if you know the number of hours they're going to spend on something, at least you can have some bookends to work with the amount that you would normally pay for that project and how long it's going to take. Multiply that out, uh, and then look at that compared to the amount that they want for that project will hopefully that's been helpful to you. Like it. Love it. Share it, and I'll see you soon.

101 Street Smart Cash Flow Accelerators

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.

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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.