Real Estate Investing the Street Smart Way with Lou Brown
Real Estate Investment Training - Real Estate Investors
Why You Should NEVER Attend The Closing Of A Property Where The Seller Will Sign - Street Smart Cash Flow Accelerator #41
Lou Brown
May 29 2019
Why You Should NEVER Attend the Closing of A Property Where the Seller Will Sign
101 Street Smart Cash Flow Accelerators #41
Do all paperwork for closing and advance. Do not attend the closing where the seller will sign. You've already signed, saves time and renegotiation well. This is one of the most powerful and and valuable tips I could give you. It used to be that you'd be actually be excited to go to a closing and you'd wait and you'd do the paperwork and everybody's sitting around the table and it's a big day in your life and you're purchasing an asset and it's going to set you up for a better life than the one you've got. And how good is that? It's fantastic.
The challenge is that that's often an opportunity for some kind of breakdown and if there's a breakdown, if there's an upset with some of the charges, like I've said to you before, sometimes you look at a closing statement and all of a sudden there's all these additional costs and fees you didn't think about.
Maybe there was a lien on the title. There are additional costs and fees that you didn't even consider. Well, alarm bells sounding, you better pay attention. Anything might happen, so when that happens, you could actually lose your deal over it. How do I know this? I've experienced this, so what I want you to do is be thinking ahead and say, wait a minute. What I'm going to do is require the attorney not only to send the paperwork in advance, I'm going to get it signed and back to the attorney in time prior to the closing. Then you don't even have to be there, and I'm talking about buying and selling as well, so you don't even have to be present.
Nobody said you had to be. You've already signed the paperwork, you agreed to it. Now the seller simply needs to agree to it as well. Now, it's not that you're pulling the wool over their eyes, the transactions being closed according to the terms of the purchase and sale agreement that they already entered into. So there should be no issue and no reason for you to be present.
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:
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Podcast: http://Streetsmart.mypodcastworld.com/
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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.
You can also watch and listen to this from: https://youtu.be/MfUhTqr-f9k
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