Real Estate Investment Training - Real Estate Investors
Tie Money Releases to Permit Inspections - 101 Street Smart Cash Flow Accelerators #74
Nov 10 2019
I'm back with another my 101 cashflow accelerators and we're talking in this segment about renovations. I've made a fortune in the arena of renovations and I want to help you to do the same and I've learned an awful lot about how important the contract is. Listen, your contractor. Many times these folks are in desperation most of the time and they're always angling for ways to get their money out of you before the work is done. I find it best to not be the owner, be the manager, so the hat that you should wear is that of a project manager and then you have the authority to release payments based on the contract when the actual sign off occurs from the County. When they have the inspection done by the County, they're the ones that need to organize that and set that up and be present for the inspection.
When the sign off on the permit occurs, that's when you pay and if you have any suspicion at all, whether that's a legitimate sign off or not, believe me, contractors, there's a reason that con is in the word contractor is it? I've seen it, I've lived it where they actually signed off on their permit themselves and let's face it, someone who has nothing to lose has nothing to lose by doing something like, yeah, so if you have any suspicion at all, you call the County, you call the inspector and confirm that they actually did sign off, alternatively be present for the inspection. No, that the permit was not signed because there were certain things that were done incorrectly or that the inspector required to be done before they would sign off on it. And remember, you don't pay the money until the sign off occurs. Hopefully this has been a value to you. If you want to learn more about renovations, go to streetsmartinvestor.com click on tools, click on renovations. You'll learn all about the system that I have to support you and help you to be successful. Doing great thing that you could make a lot of money with called renovations. My name's Lou Brown. If you like this, you love this, share this and do subscribe. Talk to you soon.
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.
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.
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