Real Estate Investment Training - Real Estate Investors
Always Have The Right Contract With Language To Protect You And Yield All Possible Profits - Street Smart Cash Flow Accelerator #10
Apr 04 2019
Today is tip number 10. Always have the right contract with language to protect you and yield all the process possible profits available. Well over the years, of course, I've been in this business now for over 40 years and I've learned a lot of things in what to do and what not to do. And I can tell you that one of the most powerful things I ever learned way back in the beginning was to have the right paperwork. And I'm not talking about a standard realtors agreement because the realtors agreement first is designed to protect the realtor, second, to protect the seller and third, to protect the buyer. What I found is that I really needed two different contracts. I needed a bine contract and I needed a selling contract and I needed one that had negotiation built into the paperwork and I needed one that had profit centers built into the paperwork.
And so over the years I designed one that was truly amazing and it's helped a lot of my students. You know, I've got clients in all 50 states and 16 foreign countries and they just brag about my paperwork and I say it's a best in the industry and I'm very proud of that. I've worked hard to do that. A figured out what works and what doesn't. You know, a paragraph, a phrase, a word, it can make all the difference in success in your paperwork.
So I put together something and it may be valuable to you and I've got a standard real estate purchase and sale agreement. Now one of the things I've got in there is the seller pays all closing costs and I break it down what the closing costs are. Well, of course that's negotiable, but what if they don't negotiate? You could pay for all of your cost of funds just by the seller paying all the closing costs and there's a lot more in there that can protect you.
Things like when does the contract expire and what if you had the never ending contract where if a seller wasn't going to close or didn't come to the closing, you had a contract that didn't expire and there's so many other protections in there that are necessary for you. It's important because you could spend a lot of money getting ready to close on a transaction. You could have a title search done, you could have inspections done on the home, you could have a survey done, and then all of a sudden the seller doesn't show up to close.
How do I know this? Yes, I have lived it. So I've learned that there's some things I've got to do to protect myself and I've got mediation and binding arbitration built in so we don't have to go through a protracted legal battle and just things to entice the seller to get themselves to the table if they changed their mind or want to change their mind.
And I'm not saying that I don't give people an out, but we've got some things that can protect you from losing a lot of money. And that's really what it's designed to do. Now, my system called buying, this is buying volume one and it is available for you at street smart, investor.com now, under tools, you'll see what buying is all about, but it's got all of the forms, the step by step processes, the marketing, everything that we do to buy properties that I've used for many, many years and proven that it absolutely works. So check it out when you get a chance. I hope this has been enjoyable for you. I hope you will use it. I know that it will make a difference in your profits.
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.
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.
You can also watch and listen to this from: https://youtu.be/VWAZzLLRa3s
Recent EpisodesThe Importance Of Lawyers To The Due Diligence Process | Street Smart Investor
Due Diligence Checklist | Street Smart Investor
The Street Smart Way Of Buying Houses | Street Smart Investor
Zillow Has Shut Down Buying Houses! | Street Smart Investor
Fewer Deals, Less Work, More Money Be A Street Smart Investor
The Work For Equity System | Street Smart Investor
Focus On Your Community: Find Deals The Easy Way | Street Smart Investor
Deals, Referrals & Incentives | Street Smart Investor
What Is Seller Financing? | Street Smart Investor
High-End Property Successfully Sold Without Going To The Bank | Street Smart Investor