1. Buy and Hold - 11 Things Poor People Do That the Rich Avoid

Lou Brown

Sep 15 2020

Lou Brown has discovered 11 things that poor people do and that the rich avoid.

First is the buy and hold concept.

Here's one situation I came across with. This person had a duplex and the next year she bought another one. The people on the other side were paying enough money to cover the mortgage and the other one was their money.

Basically, the idea is to do something today that pays you forever. Invest your time in a business, strategy, or asset that produces income forever.

For more advice, view my other videos on this topic or sign up for https://www.millionairejumpstart.com where you get to learn from those who have succeeded in this business.

There are things poor people do, and things wealthy people do, that are opposites. After all the years that I've had the chance to interview and work with poor and wealthy people, I've noticed some patterns. In this episode, Lou Brown discusses 1! areas we've found that poor people do things differently than the rich.

1. Buy and Hold

2. Value Based Buying products on sale

3. Time management - -

4. Snippets of time

5 Avoid time wasters - TV

6. Watch what people do not to what they say

7. Blaming others

8. Quitting

9. Other people's energy - leverage

10. Having a plan

11. Take advice from people with more money than you have

#LouBrown #11ThingsPoorPeopleDoThattheRichAvoid

https://www.millionairejumpstart.com

Take Lou's Course:

https://www.udemy.com/course/realtors-and-real-estate-investing/?referralCode=305A2A5DB2A2C4543B7F

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:

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Podcast: http://Streetsmart.mypodcastworld.com/

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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.