Real Estate Investing the Street Smart Way with Lou Brown
Real Estate Investment Training - Real Estate Investors
Never Offer Collateral First, Only If The Lender Insists - Street Smart Cash Flow Accelerator #38
Lou Brown
May 25 2019
Never Offer Collateral First, Only If The Lender Insists - Street Smart Cash Flow Accelerator #38
Only offer collateral if the lender insists. Slow that car down and don't get too excited. In this series I've been sharing with you about borrowing money, borrowing money without going to banks and without qualifying for loans. That's my favorite way to borrow money. I've got a whole system on this called Borrowing Volume Six. It's in my system of training you how to become an amazing real estate investor and build a terrific real estate business. You can find that by going to streetsmartinvestor.com click on tools and click on Volume Six Borrowing.
What I'm sharing with you right now is the fact that in some cases, (in many cases) the lender really doesn't care about putting this against a particular property. I'm being very careful to share this with you because I want you to be extremely powerfully responsible around when you borrow someone else's money that you are in a position to pay that money back. The thing that really makes it valuable is if you give a mortgage against the property and that property sells, then you have to give the money back because it's secured by that individual property.
What that means is Mrs. Jones now got her money back and she's not earning anything on that money while it's sitting there idle. Alternatively though, if you borrow that money on a promissory note, then that money is earning interest the whole time that it's out. So you put the promissory note with a period of time. It could be 1,2,3 or 5 years. During that period of time you've got the freedom with that money. Keep that money working and you can make a lot more money on it.
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/1H7r__86tAI
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About Lou Brown
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