Offer to Buy “Subject To” Owner Financing - Street Smart Cash Flow Accelerator #18

Lou Brown

Apr 26 2019

Today's tip is number 18 and it is offered to buy the property subject to the existing financing. Oh my goodness changed my life first property I ever bought when I was 18 years old. I was able to do that by taking over the payments, taking over the existing financing on the property, how powerful that was back in the day they had a thing called n e n Q loans, non escalating non qualifying loans. But Congress in its infinite bought wisdom. Of course the the banks, we all know they influence the politicians by a thing called contributions to their campaigns. Right. And so one of the things they created in 1982 was a law called the garn Saint Germain federal depository institutions act allowed the banks to put a clause in their mortgages called the due upon sale clause.

Well, there were exceptions to that clause and one of the things we did was create an entire system around those exceptions. I'm going to be teaching and sharing that with you. It's a very powerful and amazing thing, but we still to this day buy properties by taking over the existing financing on the property. Imagine that you could just step in, take over payments, continue to make the payments that the seller actually qualified for the loan they paid, the closing costs, they paid all the expenses of that loan and you can step in. Maybe you're 15 years into that loan and you now step in and start making the payments for the next 15 years. Wouldn't that be a powerful and wonderful thing? Again, the seller is the bank and I loved that when I can take over the existing financing. You don't have to go to the bank.

You don't have to qualify for loans, you don't have to pay closing costs. You don't have to pay points. Very powerful. You can save a fortune one transactions worth thousands of dollars to you simply by using that amazing thing called buying a property subject to the existing financing and I teach you how to do that in my trust system. Volume for trust system. You can find out more about that by going to street smart investor.com and click on tools and look at trusts. Land trusts, one of the most powerful things I've ever learned in my life and because of land trust you can do property subject to, I hope you enjoy this. I hope you'll use it. I hope it will make a difference in your life and your profits. I'd love to share more of my valuable free 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.

Media Sites:

YouTube: https://www.youtube.com/user/StreetSmartInvestor

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

Facebook: https://www.facebook.com/StreetSmartInvestor/

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/AVJwKwdFRmE