When Optioning To Buy Or Buying On Agreement For Deed, Have The Seller Place Their Deed In Escrow - Street Smart Cash Flow Accelerator #22

Lou Brown

Apr 29 2019

Hi, it's Lou Brown with another of my valuable profitable hundred and one ways for real estate investors like you to win close more deals and accelerate your cashflow. So today's tip is number 22 when optioning to buy or when buying on agreement for deed, always have this seller place their deed in escrow. Now one of the things you might have heard about is that you could actually purchase a property by simply getting an option and a lease with the seller. So rather than actually getting the deed on the property, maybe you're not so sure there's equity there. Maybe you'd be better off doing a lease with the option to buy. Maybe the seller doesn't want to give you their deed. Maybe they want to stop you from getting their deed. Maybe they're concerned that you don't won't make the payments. Maybe they're concerned they would have to foreclose to get their property back.

I've got solutions for that and I love it. So the step one for me is to try to get the deed and we buy that property subject to the existing loan. So we purchased it in trust and then we take over the existing financing and I teach you that in another segment and in volume for land trusts and let's say that the seller, for whatever reason, probably your own concern about whether this is going to work or not, your own, uh, let's say way of being that you're not giving off the right vibes. They're a little bit concerned with your own apprehension about doing it because that's really the problem. It's not that it's a bad concept or there's anything wrong with the concept, it's that you have to get comfortable with it yourself and you have to learn what I call the magic words and I've definitely got those magic words and I teach them to you.

But let's say they say no. Okay, what's our backup plan? Our backup plan is a thing called a agreement for deed where we buy the property with an agreement to get the deed at a later date. When you perform, when you do what you say you're going to do. Now when you buy the property on agreement for deed and yes, I've got the paperwork to do that in my vi buying volume one system so that you've got everything that you need to be able to purchase properties. Remember that my philosophy is, and what I teach you is we don't go to banks and we don't qualify for loans. So there's many different ways that we can have the seller be the bank. So again, if they're not going to sell you the property subject to the existing loan than our backup plan is, we're going to get something called an agreement for deed.

And if we can't get the agreement for deed, our backup plan is a thing called a lease with the option to buy. Now I've got all the paperwork to do that. And the key is that when we purchase a property that way, we want the seller to place their deed in escrow. And the reason is something might happen to the seller. They might die, they might get divorced, they might leave town, we might, they might not be finable, and all of a sudden we're ready today to get our deed, but we can't find the seller anywhere or the Zellers dead. So what do we do if we've already got the deed in escrow with escrow instructions? Then it prevents the seller from controlling that deed any longer because as long as we fulfill on those instructions, as long as we do what we said we're going to do, then we can get our deed without the seller having to be present.

Isn't that a wonderful solution? Well, I hope that you enjoy these out. This has been valuable to you. I know it will make a difference. I know will make a profit for you. I've done this over and over again. I can teach you the magic words and I'd love to share with you more of my profitable tips. How can you get more? Well, simply wherever you're seeing this, please like it. Please love 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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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.