How and Why to Have the Seller Pay All Closing Costs - Street Smart Cash Flow Accelerator #11

Lou Brown

Apr 05 2019

Today's tip is number 11 have the seller pay all closing costs. All right, so I have a contract that I've spent many years putting together in my career. There's 40 plus years now. I've been buying, selling and holding property and a I created something called the standard real estate purchase and sale agreement. Now I'll just take this one clause and focus on it because I talked about the agreement in tip number 10 so let me tell you about this particular clause.

Now this is our standard real estate purchase and sale agreement. It is loaded with profit centers protection and negotiation for you. And this particular one says seller will pay all closing costs in to include recording fees to intangibles, tax credit report funding, fee, loan origination fee, document preparation fee, loan insurance, premium loan discount, title insurance policy, attorneys' fees, courier fees, overnight fees, appraisal fee, survey transfer, tax satisfaction, recording fees, wood destroying organism report in any other costs and fees associated with funding or closing.

This agreement, buyer will pay all additional monies. Isn't that fantastic? I'll taxes rentals, condominium or association fees, monthly mortgage insurance premiums and interest on loans will be prorated as of the date of closing. So what happens is that this clause is already in the agreement and many times our clients don't negotiate. They just simply go along with it. Now of course it's negotiable. So you could strike out cellar and put buyer.

The other way you could fix it is actually say, well, you will pay the first $500 or seller will pay the first $500 of any closing costs and then you'll pay the difference. So of course everything in the agreement is negotiable. But if it's already built that way, many times people don't negotiate. I'd love to share more of my profitable tips with you. I hope you've enjoyed this one and you will use it. I know 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.

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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.

You can also watch and listen to this from: https://youtu.be/qScWKVFmMug