When in Doubt Get a Professional Opinion - 101 Street Smart Cash Flow Accelerators #77

Lou Brown

Nov 27 2019

Hi, it's Lou Brown. I'm back with another of my hundred one cashflow accelerators. I want to help you to be successful in this great business called real estate and one of the things is very, very important that you identify when you don't understand what it is that you're doing. For example, you may think to yourself that you are supposed to do something, and I've seen too many times when people buy carpet, when they need to be buying drywall and they bring things to the project that's untimely for where the step is in the project. So critical that you have deliveries related to the installation of those things. The reason is that contractors and their workers are often very sloppy. Careless, it's your materials. They don't care about those things. And secondly, theft that it's easy to take something that's right there on the job. I hate to tell you this, but some of the people working on the job might be the thieves or they might tell someone else, Hey, I know some stuff that's on that job over there.

It could be taken back to the supplier and it could be refunded. You see, you want to always be careful or it can be sold to some other renovator for a discount. By the way, don't ever be a market for that stuff. You know when people bring me stuff at a huge discount. I go on, no, I know this was stolen from somewhere. I'm not going to hurt somebody else by buying this at a discount. And just do the right thing. Karmas is a real thing. And you do unto others as you would have them do unto you. And so it's important then when you identify an arena that you do not understand. Yes, professional help higher a home inspector to come into that property, identify them. Things that absolutely need to be fixed because that's going to come up. Sooner or later you're buyer of the property may have a home inspector come in and now you're going to have to fix things that could have been fixed during the renovation that now you've got to tear out walls, tear out floors.

You see, I've seen it all. I've been in this game for over 40 years, buying, holding, and selling property. And I can tell you, you got to do your homework. You gotta do this right? Don't make the mistakes. And so many others have made and crash and burn along the way. Some of the things in renovations seem like it's just its common sense. And a lot of it is common sense. Now the question is, you have the ability to identify the things that you're supposed to identify, particularly when it's early on in the game, and you haven't yet learned. All the rish to know, give you some warning signs and my system called renovations. You can go to streetsmartinvestor.com. Click on tools, click on renovations. It'll have more details about what we do when we renovate the properties. Hopefully this has been upheld to you. So like it, love it. Share it at new subscribe. Thanks so much season.

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.