Real Estate Investing the Street Smart Way with Lou Brown
Real Estate Investment Training - Real Estate Investors
Insist On Getting The HUD-1 At Least 24 Hours Before The Closing - Street Smart Cash Flow Accelerator #40
Lou Brown
May 28 2019
Insist On Getting The HUD-1 At Least 24 Hours Before The Closing - Street Smart Cash Flow Accelerator #40
I've been talking about closing your transaction and how you can make some additional profits when you're closing the transaction. Insist that the closing company, closing attorney or title company, provide the closing statement to you at least 24 hours before the closing. This allows you to look for mistakes and negotiate fees. All right, so here's what typically happens at a closing. You get to the closing, they kind of look out the door and they see that the sellers have arrived and the buyers have arrived and then they go back in there and they actually do the paperwork.
Well, we don't allow that anymore. We've learned that we might be sitting there for hours while they're putting together the paperwork. What I've done years ago, I started doing this as just simply telling the closing agent; “Hey, I want to see those documents.” and I say 48 hours, but I'll really take 24 hours before the closing. What I want to do is review those documents because almost always there's some kind of mistake on there and I want you to be careful about that. It's very important. You got to go over the numbers, do the calculations, do your own calculations.
Just because they calculated. It doesn't mean that the person that typed in the computer didn't get interrupted or let's just say maybe not the sharpest knife in the drawer. So let's be really cautious and careful and conscious about that paperwork, particularly asking for it in advance gives you time to look at it, get back to them, make changes, and then you can solve the problem.
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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About Lou Brown
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