Real Estate Investing the Street Smart Way with Lou Brown

Real Estate Investment Training - Real Estate Investors

$10 Dollar Secret to Make Sure Your Real Estate Contracts Are Always Binding - Street Smart Cash Flow Accelerator #14

Lou Brown

Apr 16 2019

Today's tip is number 14 to assure your contract is binding. Always give consideration. Now let me explain what that means. Contracts in order to be valid must have certain things in there and of course you've got to have the parties in there. You've got to have the subject matter and you've got to have some kind of consideration between the two parties that binds the contract. So here's what I recommend and it's something that I've been teaching my clients to do for many, many years. And simply it's when your PR, your seller goes ahead and signs the purchase and sale agreement. Then you go ahead and bind that by bringing a check with you. You make the check payable to the seller, whomever's signing that contract or sellers, if there's two of them or more, make the check payable to all of them, have them sign it on the back.

So turn it over, have him sign it on the back and go ahead and cash the check. Now I'm not recommending you do that 500 or a thousand dollars that you might have heard or even more that real estate agents typically tell you in order to have a binding contract, they want to have a big fat earnest money. What I've done for years and been teaching my clients to do is $10 $10 is all you really need to bind a contract. Really, essentially, it could be a dollar, but we like the $10 because it's even more solid, so they're going to sign the check on the back.

They're going to hand you back the check, you're going to hand them the $10 and boom, we have just bound that contract. Now you keep that check that you just cash, put it in your folder and now you've got evidence that you did give them consideration. One of the ways that sellers sometimes use to get out of a contract is to say there was never any consideration. Well, this is proof that there has been consideration. I hope you enjoy this and you'll use it. Know that this will make a difference for you and your profits. I'd love to share more of my profitable tips with you.

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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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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Investors have long regarded Lou’s training, systems and forms as the best in the industry. He has been quoted as an expert by many publications including The Wall Street Journal and Smart Money Magazine. Lou draws from his wide and varied background as a real estate investor. Having bought property since 1977, he has invested in single-family homes, apartments, hotels and developed subdivisions, as well as building and renovating homes and apartments. These experiences have given him a proving ground for the most cutting-edge concepts in the real estate investment industry today. He is widely known as a creative financing genius regarding his deal structuring concepts. He enjoys sharing his discoveries with others as he teaches seminars and has authored courses, books and audio training on how to make money and keep it. Lou is past President and a lifetime member of the Georgia Real Estate Investors Association and was founding President of the National Real Estate Investors Association. About Lou Brown

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