Always Get Recent References on the Contractors - 101 Street Smart Cash Flow Accelerators #72

Lou Brown

Nov 01 2019

I'm back with another of my hundred and one cash flow accelerators. And I wanted you to know that it's so important when you are in the area of renovating property that you always get references on the contractors that you're going to do business with. Now let me warn you and alert you that references sometimes are set ups as well. Do you think that the contractor is going to give you people that are going to give them a bad reference? No. They're going to give you people that are gonna give them a good reference, like their momma, their brother-in-law, other people in their life. So what you're looking for is references that are recent references that they had work done, say within the last few months. And you definitely want to interview those folks. You want to find out what's going on in their world. You know, did the contractor live up to the budget that you entered into?

Did they chisel you for more money along the way? Did they adjust the time frame? Did they get the job done and did they clean up their debris? Did they do it in a professional manner? Did they leave the site clean every day? Yeah. Obviously the references you want to get are more relative to the size of project that you're doing. If you're about to do a $20,000 renovation and they're giving you a reference on a project that costs $1,000, well that's hardly comparable so you want comparable references. I hope this was a value to you like this. Love this, share this, and do subscribe. See 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.

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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.