Have The Seller Refinance, Get Their Cash, Then Sell To You Subject-To The Loan - Street Smart Cash Flow Accelerator #21

Lou Brown

Apr 28 2019

Have the seller refinance, get their cash, then sell to you Subject-To the loan.

Today's tip is number 21 have the seller refinance their home, get the cash that they need and sell it to you subject to the existing loan. Now, how does that work? Well, let's say that you go to the house, and in one of my other tips I said that we go through a presentation with our sellers. When we're going through the presentation, we do something called the cost to sell worksheet. We get down to a final number that shows the seller their equity. Now let's say that our seller was insisting really did need cash. Okay, how can we get them their cash and how can we stay out of the bank and not qualify for a loan? I love that part.

I've never been to the bank. I've never qualified for a loan on a single family or small multifamily property. Now if I can do it, I know you can do it. So one of the ways I've done that in the past is the seller says, let's say that their equity in that property is $20,000 okay, great. Then we have the seller go ahead and apply for and get a new loan on the property. They get the money from that new loan. Then we take over the payments on that brand new loan, so we bought the property subject to the existing financing. Now when we use that cost to sell worksheet, just know that property has not been financed up to 100% of the property. It's been finance significantly lower than the value of that property, so it's easy for them to be able to qualify for a new loan because there's so much equity in the property and if they have a good relationship with their local bank, they might be able to easily get that loan.

Now there's other ways that we can do this and I love sharing them with you. I've found 37 different ways that we can structure transactions. I even have a full blown training on this called millionaire deal maker. It's a four day event. Just on the topic of creating deals and I need you to master transaction engineering, master deal structuring because that's where the money is. One of the things I teach you is that you make your money going in, you realize your money while you own it and when you sell it, but you make your money going in. So you got to master structuring deals and millionaire dealmaker is where we do that. Now you can learn more about that in my buying volume one and and you can also learn that and millionaire dealmaker, the live training. So if you're interested in the system that we use the printed system, then you'd go to street smart investor.com and look under tools. If you're interested in the training, go to a millionaire deal maker.com I hope you enjoy this. I hope you'll use it. I know it will make you money and I'd love for you to share this with your friends. I know that these profitable free tips will help you if you'd like to get more, depending on where you're seeing this, please like it.

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.