Monday, December 27, 2021

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Monday, December 13, 2021

Eviction Moratorium Update | Lou Brown



Street Smart Real Estate Investing With Lou Brown

During the moratorium period, the landlords did not get a free ride. While tenants are given the opportunity not to pay rent, whether they can pay it or not, not to mention a lot of these tenants are given stimulus money. Still, a lot of landlords did not get paid. How does this impact the landlords? Landlords are not getting paid but they still have to settle all their responsibilities. They still need to pay for insurance, to protect the property. Property taxes are still needed to deal with. Landlords are still required to make repairs. Here is how Lou and his team can help you. They are offering a solution. https://www.LandlordReliefPKG.com is an immediate and long-term help for landlords and tenants. Check out this website now to learn more about the program. Watch this video and hear from Lou different strategies on becoming a successful Street Smart Real Estate Investor. If you are JUST getting started in real estate investing, you NEED to attend my ONE-DAY virtual training. I teach it LIVE over ZOOM, and it's only $1 (yes, one dollar) for SIX HOURS of solid how-to training! https://www.wealthbuilderworkshop.online If you're ready for a more in-depth experience, then you owe it to yourself to investigate my THREE- DAY Millionaire Jumpstart Event. I host it four times a year in various locations, and you can attend LIVE and in person. I'm your coach all three days. Find out more at https://millionairejumpstart.com/ You'll discover how to start investing in real estate (or do it easier and more profitably) at either Wealth Builder Workshop or Millionaire Jumpstart. Here is an overview of my proven and practical approach to investing in real estate. * Money Making Secret #1: Getting Motivated Sellers to Call You! Stop calling unmotivated sellers and getting rejected more times than a geek for the high school prom! I'll show you how for over 28 years, I've been able to get deals brought to me and have motivated sellers hunting me down to give me their house. * Money Making Secret #2: The Art of Structuring Deals! I've been doing this for 40 years, and I love to share how I get sellers to give me the house, a check, and even a jet ski or two. * Money Making Secret #3: Negotiating Secrets Revealed! I love to negotiate, ask Matt, one of my hand-picked coaches. We recently went to an estate sale, and he witnessed me structuring a deal to buy the house and contents right there on the spot. * Money Making Secret #4: Trusts Simplified! A little confused on this entire Trust thing? Why do it? How to do "Subject-To" safely? I'm going to show you my new fundamentals of Trusts training that will simplify the concept of Trusts so much that a 9-year-old child can understand it. * Money Making Secret #5: Develop a Plan for Success in Real Estate. The wealthiest man ever to walk the earth left clues for us on how he amassed his great wealth and kept it. How to Help People While Helping Yourself – Become a Certified Affordable Housing Provider™ Create Your 10 Million Dollar Retirement Plan – specific formula revealed Learn Hidden Profits Available in ANY Deal – worth thousand$ How to Take Over the Seller's Loan with NO Money How to Have the Seller PAY YOU to Buy Their Home - no kidding! Buying Without Bank Loans – over forty years and never one bank loan!! Easy Ways to LEGALLY Raise Big Money for Your Deals Renovations Quick Ways to Safely Make Huge Cash Now Money-Making Management Secrets from a 40 year veteran who manages over 150 now Accelerating Your Cash Flow – Add built-in "Profit Centers" – extra hundred$ per month Case Studies: Secrets of How They Were Found, Negotiated and Sold How to Protect Your Deal from Someone Else Stealing it Legally Pay ZERO Taxes on Your Real Estate Portfolio – simple structure worth thousands Having Tenants Leave Your Property in Better Condition than When You Gave It to Them Why Land and Personal Property Trusts are the Best Privacy and Asset Protection Benefits of Trusts You Cannot Get With ANY Other Entity The Due-on-Sale Clause – What it is and How to Avoid it Legally And MUCH More Need help deciding which power-packed "one-of-a-kind" training on making money in real estate investing is best for you! Call 1-800-578-8580 or visit us online at https://www.streetsmartinvestor.com

Listen to our Podcast:


Lou Brown  (00:00):

Hi, it's Lou, with an eviction moratorium update. Well, sure enough, amazing things have happened to all of us over this period of time, since COVID and the 2-week shutdown, right? To flatten the curve, that didn't become 2 weeks. It became a lot longer than that. And with masks, without masks, and with vaccines, without vaccines, and all kinds of other things happening in the world. Well, here we are, they have given a moratorium on people paying rent, right? And that was done by a quasi-governmental agency. Actually, an advisory agency comes along and says, "We're just going to impose on the entire country this eviction moratorium. And we're going to screw up the works," meaning that there's a natural flow of things and courts are there for a reason. They're to calm the waters. They're to create a flow. People sign contracts, people do what people do.



Lou Brown  (01:06):

Things happen to people, bad things happen to good people, and so on. So what happens is that the courts then, when the people can't follow the terms of the contract and they won't leave on their own, the courts stepped in and caused them to leave on their own through the eviction process. Sure enough, that was shut down. Now, where do we go from here? Well, the Congress did not act. So what that means is that the Supreme Court came in and through a lawsuit, said that the CDC did not have the power to enact what they did, but they only did it days before the actual moratorium was to expire. So the Supreme Court said Congress would have to act, and Congress would actually have to pass a law on eviction moratoriums, and Congress did not act. They were not able to get the votes to cause that to happen.



Lou Brown  (02:06):

So as a result, on July the 31st, it expired. Congress went into a 6-week recess. So now it really goes back to the states and the states are going to do what the states do. As you can imagine, some states have already imposed new eviction moratoriums, and other states are saying, "No way, Jose, we're going back to business as usual." Now, in our own county in the Atlanta Metro area, boom! A judge just comes out and says, "We're going to give another 60 days moratorium." So you just don't know what's going to happen. It might be a state mandate. It might be a county mandate. And whether they can do it or not, that's for another judgment on another day. But in the meantime they do what they do. And people either abide by those rules or they don't.




Lou Brown  (03:07):

Now in looking at this situation, there always are winners and there's always losers. It doesn't really matter what the scenario is. For example, foreclosures. Originally that was somebody that signed a mortgage and they paid that mortgage until they couldn't pay that mortgage or they wouldn't pay that mortgage, whatever the case may be. And then the bank says, "Hey, if you're not going to pay us, we're going to come get our collateral." And that's called a foreclosure and there's a foreclosure process. And one of the reasons people are attracted to real estate sometimes is because of that word, "foreclosure." That means that they're going to get a great deal, maybe. Well, that's certainly one way to look at opportunities, but another is this eviction moratorium. Right now, whenever they pull this moratorium off, there's going to be a whole lot of court activity to be done.



Lou Brown  (04:10):

And if they are looking at the time spectrum there, if you're looking at the time spectrum, it's a log jam. There's no other way to describe it. It's a log jam. And they’re going to have some dynamite to blast it out of there. So what's going to happen is certain evictions are gonna start to occur, but then there's a huge backlog that just sits there. And it's going to sit there for quite some time. Now we just don't know what's going to happen or when it's going to happen. But this presents an opportunity. Here's what we know: landlords were not given a free ride. So while tenants were given the opportunity not to pay rent, whether they could pay it or not. And as a side note, a lot of them have received a lot of stimulus money, but a lot of landlords didn't get paid when the tenants got that stimulus money.  



Lou Brown  (05:04):

Some landlords did, some landlords didn't, in certain situations. Now you go beyond that. Many of these tenants have gotten jobs and they've got income or they've got unemployment income. So it's not like these people are sitting up in that house and can't eat or do what they need to do. They're doing it. But a lot of landlords are not getting paid. Why? Because the courts are shut down. The system is shut down. So what does that present? Well, I know that the landlords didn't get a relief, meaning that the property taxes are still going on. Insurance is still required or has to be paid to protect the property. Mortgages, maybe they got interrupted but most of them did not get interrupted and mortgages are accruing if the payments are not being made. Now, the other thing is, what about water heaters and roofs and repairs on the properties while the landlords have to make those repairs?



Lou Brown  (06:13):

So that's another thing they have to pay those workers. They have to buy those supplies. There's a lot of expenses that the landlords have had to bear that they haven't had an offset with the rent that's coming. For some landlords, they're just not even going to be able to navigate that and deal with that. So the important thing is to recognize that that's true. How can you find out about that? Well, all eviction records are public record. So you can get a report from your local county and find out about those evictions. And then you can approach those landlords and find out what their plans are. And one of your offers can be, "I'll take the property with the tenant in place." Now you gotta be able to navigate that situation, too. So I've got a solution for you, a gift, and this is LandlordReliefPkg.com. LandlordReliefPkg.com, short for “package.”



Lou Brown  (07:18):

And what I've got, there are a whole bunch of resources. So let's say that you get one of these properties, you get one under contract. Now you go to the resident that's there. Now we know that that resident hasn't been paying this other landlord, that's why they filed eviction papers. So what we want to do is create a situation where they will pay you. Now I've done this many times, so I want you to be aware that this is one of my strategies when I buy property, is that most of the time, I take over the existing tenant in the property. So when I take over that existing tenant, I've got a plan for that tenant. Now, the other thing you want to get from the landlord that you're buying from, is you want to be able to buy or receive their judgment, right?



Lou Brown  (08:10):

So that means that any kind of money that's owed, you get an assignment of litigation right from that landlord. And so as a result, you now have the right to evict later, but you also have the right to collect all of that back rent. Now here's what we know. There's $46.5 billion available and the coffers are full, baby, at the state level and counties with 200,000 or above people living in those counties. Those counties have been able to apply directly to the government for their money. And all of the states have received money, checks from the federal government. But different states have done different things in the disbursement of that money. And what we know is that as of now, only about 11% of that money has been disbursed. What does that mean? There are piles of money sitting out there waiting to be disbursed. And if those landlords did not make a claim to that, or if those tenants did not make a claim to that, meaning filed the appropriate paperwork.



Lou Brown  (09:22):

Well, there's lots of opportunity right there. Now what I've just described is just what's available at the county and the state level, but there's other agencies, many other agencies that also have funds. And so what I'm providing you in LandlordReliefPkg.com is a whole list of potential agencies. Now you're going to be looking at my list, what I give to our residents to be able to get help when they need help. And again, the government is only one piece of that. There's a whole bunch of others. Then what you'll do is take my list and I've given you a blank template there, and then you'll be able to duplicate in your area what is reflective of that. So in other words, some of the agencies that I've got on my list will also be available in your area. Other agencies, such as some of the churches that I've listed or other things, you're just going to find out what you've got available in your area.


Lou Brown  (10:26):

And you're going to use that as a template, so to speak, to reflect on, "Okay, I've got to find something like that in my area." And hopefully that's going to be a great help to you. Number one for the residents, you already have, maybe you haven't caused yourself to apply for those funds. They're there. You should apply for it. And you should use other agencies as well. Number two, helping the resident to apply for those things. And I've given you a step by step in the LandlordReliefPkg.com. So just know that that's another thing that you can create in your world. Now, I said, number one, the residents that you already have. Number two, the opportunities that exist. Imagine all of those people that have filed for evictions. Many of those are going to be burned out landlords. They're going to be in a position to want out of the business.



Lou Brown  (11:26):

Well, there's a great opportunity there because like I said, I just gave you a secret. I just gave you a way that you can have your cake, meaning buy houses at a discount, and eat it, too, meaning you've already got a resident in the house. Maybe we can not only get current rent from them because maybe they do have a job and let's find that out. And we've got all this opportunity to collect the back rent as well. So hopefully that is of service to you. My name is Lou Brown. Love to see you at my upcoming event, it's called Millionaire Jumpstart. MillionaireJumpstart.com. We'd love to help you to see the light, see the opportunity. There's a lot of it, not only available right now, but a tsunami coming in the future of huge, discounted properties and a way to actually navigate this process. Now, one of the things that I'm going to teach you there at Millionaire Jumpstart is what we do in our business.



Lou Brown  (12:31):

We don't do rentals. So one of the things that's worked out for us is not following the traditional model. We do rent-to-own. We do owner-finance and we do cash sale. So basically on our Path To Home Ownership, we're starting at a level where there's not only skin in the game, there's serious skin in the game from the person moving in. So know that there are ways to navigate this market that we're in right now. Put yourself in a safe zone, get a better quality resident, someone with a better mindset about their future. And as a result, you can have a much better future as well. That's just one of the pieces I'm going to teach you at Millionaire Jumpstart. I'm also going to teach you about protecting all that you create using trusts, the best entity on the planet that almost nobody knows about.



Lou Brown  (13:30):

I'm going to be giving you some documentation. There is an awesome manual that I want to share with you. Some of my very best stuff that I have created in the business over all these years. I've been in this game for over 40 years, buying, holding, and selling properties. And I'd love to share with you what we do because it's so unique and different from what landlords do because we're not landlords, and what buyers do because we don't buy the traditional way. We find deals that nobody else knows about. So I'm going to teach you that as well when you come to Millionaire Jumpstart. I am looking forward to seeing you there. And hopefully this eviction moratorium is going to be of benefit to you instead of costs to you. Looking forward to seeing you soon. Yeah, baby.



Tuesday, November 30, 2021

Step 10: Asset Management Secrets For Real Estate Investors and Landlords | Street Smart Investor


Asset Management Secrets For Real Estate Investors and Landlords starring Lou Brown!

Learn more at https://www.MillionaireJumpStart.com At "Millionaire Jumpstart" you're going to be trained, schooled, and taught 'till you're smiling from ear to ear! You'll learn the exact system Lou Brown uses to this day to find, target, and profit bigger on real estate deals. You'll hear from experts within the Street Smart® community on how they are making more money than ever with this system, and develop your own action plan for success - that you can literally start using to make more money on every deal the minute you leave the event. #AssetManagement #realestateinvesting #realestateforbeginners Join Lou Brown at Millionaire JumpStart December 3rd -5th, 2021 https://millionairejumpstart.com/ Timestamps: 0:01 - Introduction - “Now that you have the property? What are you going to do with it?” 1:35 - Lou’s Wins of the Week 2:12 - Swapping a property. Let’s do a trade! 5:22 - Eric & Lily Cooper - successful Street Smart Investors - CAHP & PATHO members 8:57 - Join Lou Brown at Millionaire JumpStart December 3rd -5th, 2021 https://millionairejumpstart.com/ 9:19 - Step 10: Asset Management Secrets For Real Estate Investors and Landlords - 10 Steps to Buy Your First BIG Real Estate Deal 10:30 - https://www.HouseMonster.com 11:04 - https://www.PathToOwnership.com 15:25 - There is a process to properly move people into home. 16:55 - https://streetsmartinvestor.com/tools/ - Property Management 17:57 - Join Lou Brown at Millionaire JumpStart December 3rd -5th, 2021 https://millionairejumpstart.com/ 22:36 - Next week’s topic: Top 5 Questions on Property Management If you are JUST getting started in real estate investing, you NEED to attend my ONE-DAY virtual training. I teach it LIVE over ZOOM, and it's only $1 (yes, one dollar) for SIX HOURS of solid how-to training! https://www.wealthbuilderworkshop.online If you're ready for a more in-depth experience, then you owe it to yourself to investigate my THREE- DAY Millionaire Jumpstart Event. I host it four times a year in various locations, and you can attend LIVE and in person. I'm your coach all three days.
Find out more at https://millionairejumpstart.com/ You'll discover how to start investing in real estate (or do it easier and more profitably) at either Wealth Builder Workshop or Millionaire Jumpstart. Here is an overview of my proven and practical approach to investing in real estate. * Money Making Secret #1: Getting Motivated Sellers to Call You! Stop calling unmotivated sellers and getting rejected more times than a geek for the high school prom! I'll show you how for over 28 years, I've been able to get deals brought to me and have motivated sellers hunting me down to give me their house. * Money Making Secret #2: The Art of Structuring Deals! I've been doing this for 40 years, and I love to share how I get sellers to give me the house, a check, and even a jet ski or two. * Money Making Secret #3: Negotiating Secrets Revealed! I love to negotiate, ask Matt, one of my hand-picked coaches. We recently went to an estate sale, and he witnessed me structuring a deal to buy the house and contents right there on the spot. * Money Making Secret #4: Trusts Simplified! A little confused on this entire Trust thing? Why do it? How to do "Subject-To" safely? I'm going to show you my new fundamentals of Trusts training that will simplify the concept of Trusts so much that a 9-year-old child can understand it. * Money Making Secret #5: Develop a Plan for Success in Real Estate. The wealthiest man ever to walk the earth left clues for us on how he amassed his great wealth and kept it. How to Help People While Helping Yourself – Become a Certified Affordable Housing Provider™ Create Your 10 Million Dollar Retirement Plan – specific formula revealed Learn Hidden Profits Available in ANY Deal – worth thousand$ How to Take Over the Seller's Loan with NO Money How to Have the Seller PAY YOU to Buy Their Home - no kidding! Buying Without Bank Loans – over forty years and never one bank loan!! Easy Ways to LEGALLY Raise Big Money for Your Deals Renovations Quick Ways to Safely Make Huge Cash Now The Due-on-Sale Clause – What it is and How to Avoid it Legally And MUCH More Need help deciding which power-packed "one-of-a-kind" training on making money in real estate investing is best for you!
Call 1-800-578-8580 or visit us online at https://www.streetsmartinvestor.com

Listen to our Podcast:



Asset Management Secrets For Real Estate Investors and Landlords

Lou Brown (00:00):

Now that you have the property, what are you going to do with it? Stay tuned.


Lou Brown (00:16):

Welcome. This is installment number 10 of our 10 ways to make your first real estate deal. And definitely we've been going through a checklist of things to do, what to do, how to do it, when to do it. And now this is number 10. And now that you've acquired the asset, what are you going to do? How are you going to put the people in there? Well, in another part of the series, we did talk about our strategy of finding the buyer or the renter before you buy. That means that you're kind of essentially custom-buy a house for them. And now that you have done exactly that, what we typically do is once we put a property under contract, then we're going to sell that property to them. So, at some point in the game, initially we're getting a down payment from them. We're getting monthly income from them. And at some point on the exit strategy scale, then they will purchase that property and you'll get the rest of your profit out of that property with a greatly reduced cost of funds, greatly reduced the cost of doing the job and the deal. Now, first I wanted to cover the Wins of the Week that we've had, and we've definitely had some Wins of the Week. So we're going to be getting into our asset management in just a moment.


Lou Brown (01:53):

All right. Well, I thought I'd start with a Win of the Week that I think will really entice you. If you're into real estate, you know that there are many different ways that you can purchase properties, and many different ways that you can make money in real estate. Well, one of the ways that I discovered is what I call a trade, right? So what if you go sit down with a seller and maybe you've paid attention before, and you know that we have a process that we do with a seller. So we make a presentation. We tell them who we are, what we do, how we operate, how we can help, how we're different from others and so on. And then we finally get to our cost-to-sell worksheet. And this cost-to-sell worksheet is how we get down to the bottom line number of purchasing a property while I did one of those recently, and I proposed it to the seller that we got to the bottom line number.


Lou Brown (02:56):

And they said,"Okay, whatever." And I said, "Well, let me ask you a question. What are you looking for?" And they said, "Well, we're looking for a 3-bedroom, 2-bath. We're looking in a certain area of town. We want to be near our grandson and our son. And we wanted to be near a hospital," and so on. So they gave me all their criteria that they were looking for. I said, "Let me ask you a question. If I were to find that house for you and I were to buy that house and you were to move in, say from here to there, and then we take over this property, would that work for you?" Oh my gosh, they got so excited. They said, "Yes! That would work. Fantastic!" And you've got to think about where they were coming from. I mean, think about this.


Lou Brown (03:43):

You have to sell your property in order to have the money in order to buy another property. So what you do, you might have to sell and now pack up everything, put it in storage, go rent an apartment, and go hunt for the other property. And then eventually buy that property, take everything out of storage, move into that other house where I proposed, "Look, let's just do a swap. Would that work for you?" Man! So exactly what you're looking at right now in front of you. That is my swap property that we just closed on last Friday. And it is exciting that we now have an opportunity. We've already put a brand new roof on the house. We're inside the house, doing some repairs, doing some fix up before they even see it. So, if they don't want the property, I'm not worried at all.


Lou Brown (04:34):

I've got other buyers. And so we'll go ahead and sell this property to somebody else if they don't love this property. But I think they're going to love it. It's everything that they said that they wanted. So we'll keep you tuned on that. Stay tuned for other options and opportunities as we move forward on the transaction. And another win of the week, oh, well, there you go. There's interior shots. Forgot I had that in there. And so now you can see it's a nice, big property, very comfortable, nice backyard, flat. Got a good workable kitchen. There, gotta do some work on those floors. And so that's what I am proposing to swap with them. Now, the other Win of the Week, I thought I'd share with you is Eric and Lily Cooper. They are Street Smart. They started with me over a year ago.


Lou Brown (05:31):

They've now done 18 properties using my program. I'm so proud of them and they are definitely offering people the Path To Home Ownership, the opportunity as Certified Affordable Housing Providers to make a difference out there in the world. So sure enough, this mobile home is a great example. They bought it. It's a 3-bedroom, 2-bath, 1,200-square foot. Seller was moving quickly. They asked $26,000. They negotiated and were able to do it the Street Smart way, which is with the seller being the bank. We love the seller being the bank. Of course, there's always an opportunity for cash deals, but even better is when the seller will carry back financing. You don't have to raise that money. So sure enough, $3,500 down and that included the appliances. And they're going to pay that off over $400 a month for 60 months at zero interest.


Lou Brown (06:34):

Now think about that. Now that's on the buy side of the deal. Repair's only a thousand dollars. They sold it using our Path To Home Ownership Program. Family with kids, like the school district. They got it at the gold level in our program, that means the agreement-for-deed owner-financing level of the program. They sold it for 45,000. You can see a mark-up already, right? $5,000 down, 725 a month, and that's for 240 months at 9 and 3-quarters percent interest. Signed a contract 45 minutes after they picked up the keys on the purchase of the home. So that's exactly what we like to do. We like to already have a customer in line for the property so that when we buy it, we sell it the same day. And separately, the Street Smart profit center that we teach you about asset management is that we separately, he separately sold them the appliances for $150 a month for 48 months.


Lou Brown (07:42):

So that's another $7,200 profit center in that particular deal. The appliances were only 6 months old. So they had some real quality and value there. So the income cash flow for the first 5 years, because they are paying off that underlying financing, it's like taking money out of one pocket, putting it in the other pocket because there's absolutely no interest on that financing. But as far as cash flow goes, that brings it down to $425 a month. Now, separately, the people are paying the lot rent as well, but you can see this is just clean cashflow off that property. It's a great example of what you can do when you learn how to do business, the Street Smart way. There are great options and opportunities where we solve sellers' problems. This seller needed to move quickly. They didn't need the money right now. They did like the idea of cash flow over the next 5 years.


Lou Brown (08:42):

And that's exactly what they're going to be getting is that extra $400 a month coming in, when their bills are due. So it's always an option and an opportunity to ask people if they would consider doing financing. Want to remind you that coming up is our Millionaire Jumpstart, that's going to be December 3rd, 4th, and 5th in Atlanta, Georgia. So I definitely want to get you there. Definitely, I want to help you to build an amazing business in real estate, go to MillionaireJumpstart.com. All right. So back to what I was teaching you about the 10th step in managing your assets.


Lou Brown (09:39):

Yeah, baby. All right. So here we are. Property management has been one of the greatest things to learn, and I want to alert people that property management is a skill that is learned. You would think that it makes perfect sense that somebody would come along and they would just hand you money and you would move them into the property. And they would keep paying you every month because they want a roof over their head while there's a very, a long way from people doing what you would expect them to do to actually causing them to do the right thing at the right time. So what I've learned is you want to incentivize people to do the right thing. One of the ways we incentivize people is through our House Monster program, where at some point they have the opportunity to buy the house that they're in or a different house.


Lou Brown (10:40):

And what happens is when they move in, we're working with their credit. We're having that reported to the credit bureau. We're helping them to build up their score, and eventually they could buy either that house or a different house in the future. So that is our unique selling proposition, the Path To Home Ownership. And we definitely have that as part of the overall incentive to have people do what they're supposed to do. To have people do what they agreed to do. Now, if you're going to do property management the right way, first of all, we're going to attract the customers. Secondly, we're going to have them join our membership, which is our Path To Home Ownership membership. Third, we're going to actually screen them carefully. So that means we're going to look at their credit report. We are going to determine what's on there and what it would take for us to be able to help them improve their credit score.


Lou Brown (11:42):

Now, the next thing is, we're going to go about finding a property for them. They look at it, they like it. Boom. They're going to be moving into that property usually very quickly. All right, now in that process, we also get an application from them. We get a full-blown application on every person that's 18 years of age or older. Definitely want to check them out and to know that, listen, screening the folks carefully is a key factor in you having success in this business. Because if they have a history, if they have a background, you need to know about it. That doesn't mean we won't work with them. Many times we do work with people. However, if they have a very significantly damaged background, they're going to have to pay more. They're going to, if we're going to take a risk, that risk is going to be mitigated by them, simply paying more.


Lou Brown (12:39):

And it's all about finding out first, who you're working with, what is their background and what do we need to do to work together on solving that problem? Like I said, we don't quickly turn people down. We're more inclined to work with people. Now, the first thing we're going to look at is their income. We definitely want to know where they work, how long they've been on that job, and what is the combined household income because we're going to take that household income, the net income, we're going to divide by 3 and we're going to come up with a number and that's the most they can afford for that property. So pre-screening your people and determining what is affordable for those folks is very, very important. And I say that because you want to set people up for success, not failure. You want this to work out for them.


Lou Brown (13:35):

You want to bring everything to the table necessary for them to be a success. Now I'm not saying that every client is a success because their life, they're on their own life's journey. And things definitely happen in life that are unpredictable for us to know about them. And for them to even know that might happen, could be health. It could be loss of jobs. It could be family issues. There's just so many things that can come up in someone's life. So what do you need to do to be successful in this business? You need to be very, very careful about whom you move into your properties and that you have properly taken the time to screen them and know exactly their backgrounds and be careful because people will set up interceptors when you're calling. You're actually calling their friend or their relative, that's given them a glowing testimonial.


Lou Brown (14:30):

Well, that might not be true. So be very careful about what we do and how we do it, so that we can get a good, solid customer into the property. Now there's a lot more about property management that you need to know. And in fact, we have a whole system on that, Property Management, Volume 8. This is the keys to our kingdom in terms of what we do and how we do it to manage our properties and the people that move into them. One of the things that you have to learn is there's a timeline on that. We have a rental process checklist and I'll get one of those for you. We'll have it down in the, click line down below because you really need to know that there is a process to properly move people into homes and to make sure that you don't leave anything out in that process.


Lou Brown (15:31):

You know, every time a pilot gets in a plane, they go through a checklist. Even if they just landed that plane an hour before, you need to have a checklist to make sure that you don't make any mistakes in moving in the wrong people at the wrong time. Do your property, and definitely make sure that your T's are crossed and your I's are dotted. Now, one of the things I'm known for is our paperwork. So we have some amazing paperwork. We have our Standard Rental Agreement loaded with profit centers and protection. It's critical that you get the right paperwork. Now over the years, I have learned definitely that one comma, one paragraph, one sentence can make all the difference. So we've learned. Every year, we review our rental agreement and we say, "What have we learned? What have we learned that we need to improve on with the rental agreement?"


Lou Brown (16:27):

So I have a killer, great rental agreement that has been developed over decades of being in this business. You know, I've been dealing with residents in properties for over 40 years. So there's many things that I've learned. We've done over a thousand Section 8 contracts, for example. So there's many things I've learned there as well, but definitely there are opportunities for you to enhance and improve your skill set on property management. Strongly encourage you to check out, go to StreetSmartInvestor.com and you can check out Property Management under Tools. StreetSmartInvestor.com/Tools and then check out Property Management. And you'll be able to see the amazing things that we've learned about property management. And we've got a complete system for you to be able to not only enhance your real estate investing business, but you can actually go into the business of property management as well. It can be highly profitable. A lot of people do that. So there's a lot of opportunity for you when you learn the skills of proper property management. I'm looking forward to seeing you again soon. Yeah, baby.


Lou Brown (17:57):

All right. So we are one month away from the Millionaire Jumpstart. I want to make sure that you do get registered for that. You are going to get a very special manual that comes with that event. And it's going to have some of my very best documents in there, my very best training. And remember that in Millionaire Jumpstart, you're going to learn about my magical presentation, the entire presentation process. Particularly we're going to focus on this cost-to-sell worksheet. You're going to have homework during the event. You're going to learn that thing. And you're actually going to do a cost-to-sell worksheet right there in class. It's vital. It's critical. It's life-changing. I have had so many people make so much money off of that presentation. And off of that one worksheet, I want to let you know, this is something you absolutely need to get to.


Lou Brown (18:52):

It's a 3-day event. The main focus is buying properties. We also talk about holding properties and you're going to learn about trusts, land trusts and personal property trust. We're actually going to do a transfer of a property into trust during class. So it's chock-full of great information for the whole 3 days, loaded. Got to get there, MillionaireJumpstart.com. I do recommend that you become a VIP. Now the VIP is all explained there. And one of the great things that VIP's get is they get a very special, let me just grab you one, but this is not just any cooler. This cooler is full of vital savings, really great stuff. In fact, you're going to get one of the most important things is a recording of a prior Millionaire Jumpstart because what happens is there's so much information that's given during the event. People say, "I've got to hear this again."


Lou Brown (19:54):

So I've got that for you. That's included in your VIP. Not only that, I'm going to be taking you to dinner one night during the event. And I've got a bunch of other things in there, but the most valuable thing in that beautiful cooler is you get special time with good ole Lou. There's a special consultation certificate there. So think about the next deal that you may be working on and you'd love to have somebody's expertise on whether that's a good deal or not, or how to structure it, or how to raise the money for it or anything related to real estate buying, holding, or selling. Listen, I can help you with that, also with trusts, land trusts and personal property trusts. So let's take that time. That's going to be yours. That's going to be a special bonus consultation certificate that's included in that package and a bunch of other things that you're going to see at MillionaireJumpstart.com.


Lou Brown (20:51):

So definitely get yourself registered for the VIP. And we also have a general admission offering as well. So pay attention and get yourself registered. It is vital, vital information. I promise, even though you may have been to other events before, not Lou Brown events, but other people's events. This is going to be different. And I can give you that guarantee. In fact, I'll give you a money-back guarantee. Fact, I'll give you a double money-back guarantee. If you don't think this is the best investment you've ever made, I want to give you your money back. How cool is that? And I just want you to know that I've been doing this for quite a while. We've had raving fans come out of these events. We've had tremendous success come out of these events. So I know what's in store for you. Now, that's going to be December 3, 4, 5.


Lou Brown (21:41):

It's going to be in Atlanta, Georgia. It's going to be in a hotel near the airport. So, definitely, you can fly in, catch a shuttle, get over to the hotel and we're going to be sequestered for 3 days. So if you want to come and enjoy Atlanta, do it by adding on days, on either end of the session that we're going to have together. You can call the office +1-800-578-8580 if you'd like to know more. And I'm definitely looking forward to seeing you there. You've got plenty of time to plan for it. Got plenty of time to cause that to happen in your world. And definitely of course, you know that we do that about 4 times a year. So if you can't make this one coming up, we've got another one, but you know what, what a great time to get this done right before the end of the year, get yourself geared into the new year. Perfect planning. So I absolutely look forward to seeing you there. And I will see you next week because we are going to be doing the 10 top questions on property management. And it is going to be a blockbuster! Come prepared with questions as well, because not only am I going to do the countdown on the 10 top questions, but also I'm going to entertain your questions as well. So I will see you on Facebook, YouTube live next Tuesday. Yeah, baby.