Real Estate Investment Training - Real Estate Investors
What Day Of The Month To Close When Buying Multi-Family Or Properties With Tenants In Them - Street Smart Cash Flow Accelerator #42
May 31 2019
What day of the month to close when buying Multi-Family or properties with tenants in them
101 Street Smart Cash Flow Accelerators #42
This chapter is about when single family and multifamily properties with tenants in them close. I say, on the fifth day of the month. Why is that powerful? Because what happens is typically now the management company or the owner has already collected the rent from the tenant. So at the closing, because you used my contract, you're actually going to get a credit for what's called a proration of the rent. Rents are paid in advance; so on the fifth of the month, only five days had been used up the rest of the month. If it's a 30 day starting on the first rental, then the rest of the month is a credit to you. Well, if it's a thousand dollar rental, look at that.
You're going to pick up another significant amount of, let's say three fives is 15 you're going to pick up another $840 approximately of credit towards your closing statement. Well, that might cover most of your closing costs on that transaction. That could be a really powerful thing. Now, let's accelerate that. What if you are buying a hundred-unit apartment building? Wow. Closing on the fifth of the month, you get all of those rents credited towards your closing statement. Very powerful.
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.
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.
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