Hi, it's Lou Brown. I'm back to share with you some other
thoughts about Massive Passive Income and what can happen in your future of the
buying and holding strategy to be able to generate income for you now and for
ever.
thoughts about Massive Passive Income and what can happen in your future of the
buying and holding strategy to be able to generate income for you now and for
ever.
It's a true retirement plan and it reminds me of one of
the folks that bought a house from us and such a great gentleman. He came
along. We hadn't done any work on the property. Now this is an interesting
concept because typically when someone's thinking about land lording, they're thinking
about, Oh my gosh, I'm going to get a property back. It's completely trashed.
I've got to go in. I've got to do all these cleanups and repairs. I might be
down one, two, three months in repair time before I actually put it back on the
market. It's just such a grind. People don't appreciate your property.
the folks that bought a house from us and such a great gentleman. He came
along. We hadn't done any work on the property. Now this is an interesting
concept because typically when someone's thinking about land lording, they're thinking
about, Oh my gosh, I'm going to get a property back. It's completely trashed.
I've got to go in. I've got to do all these cleanups and repairs. I might be
down one, two, three months in repair time before I actually put it back on the
market. It's just such a grind. People don't appreciate your property.
What if things were different? Well, I learned early in
the game. I learned that many of the residents moving in, actually we're quite
happy to do some or all of the work in exchange for a credit towards their
either move in fee or down payment or option fee. And so we started offering
people the opportunity for themselves to be able to do some or all of the
repairs to the home. And if they choose to, fantastic. And if they choose not
to, fantastic, we're happy to do those repairs. And we, we have that discussion
in advance and then they tell us what they want to do and we have a list and
they say, I want to do this, this and this. And we say we'll do that, that and
that. Or they'll say, no, you do everything. And we say, okay, that's fine. So
here's an opportunity.
the game. I learned that many of the residents moving in, actually we're quite
happy to do some or all of the work in exchange for a credit towards their
either move in fee or down payment or option fee. And so we started offering
people the opportunity for themselves to be able to do some or all of the
repairs to the home. And if they choose to, fantastic. And if they choose not
to, fantastic, we're happy to do those repairs. And we, we have that discussion
in advance and then they tell us what they want to do and we have a list and
they say, I want to do this, this and this. And we say we'll do that, that and
that. Or they'll say, no, you do everything. And we say, okay, that's fine. So
here's an opportunity.
And it reminds me of a story of a gentleman that came
along, saw one of our properties, brought his wife, his sons in, and they took
a look at the property. They said, yeah, we can do this and we're excited to do
this. They did a magnificent job and he didn't buy the house from us. At that
time because he didn't have enough down payment and he didn't have good enough
credit to be able to qualify at the bank. So what did we do? We gave him an
option to purchase the property using the credits that he earned by doing the
work that he did do, did a magnificent job. He paid us as agreed. We put him
into a credit restoration program that helped him build up his score. And
voila, he got to the 0.1 day where he had enough down payment and good enough
credit to be able to purchase the home.
along, saw one of our properties, brought his wife, his sons in, and they took
a look at the property. They said, yeah, we can do this and we're excited to do
this. They did a magnificent job and he didn't buy the house from us. At that
time because he didn't have enough down payment and he didn't have good enough
credit to be able to qualify at the bank. So what did we do? We gave him an
option to purchase the property using the credits that he earned by doing the
work that he did do, did a magnificent job. He paid us as agreed. We put him
into a credit restoration program that helped him build up his score. And
voila, he got to the 0.1 day where he had enough down payment and good enough
credit to be able to purchase the home.
He was 81 years old. He said, you Mr. Brown, I don't want
to leave you guys. He says, I don't want to go onto the bank. I don't want the
bank. So sure enough, I talked to the money partners in the deal and we agreed
to carry back the financing on this gentleman, meaning that we were able to
lower the interest rate with him and just keep financing him for the rest of
the term of the agreement.
to leave you guys. He says, I don't want to go onto the bank. I don't want the
bank. So sure enough, I talked to the money partners in the deal and we agreed
to carry back the financing on this gentleman, meaning that we were able to
lower the interest rate with him and just keep financing him for the rest of
the term of the agreement.
So that is an opportunity for you to set up a future for
yourself. Set up a retirement for yourself. So that you've got great people.
You definitely know their credit history because they've paid you, they've paid
you on time, they've taken very good care of the house. They have ownership
because they've done some or all of the repairs to the home, so they're
definitely turned on about the property as well.
yourself. Set up a retirement for yourself. So that you've got great people.
You definitely know their credit history because they've paid you, they've paid
you on time, they've taken very good care of the house. They have ownership
because they've done some or all of the repairs to the home, so they're
definitely turned on about the property as well.
Couldn't have a better client. Why would you send those
guys to the bank when you could be the bank? I want to share that with you at
Massive Passive Income. It's coming up April 30th. May 1, 2 and 3 call our
office 1-800-578-8580 that's 1-800-578-8580 and we're going to have a four day
live stream event where you're going to be able to stay in the comfort and
safety of your own home and be able to actually receive all of the information.
You're going to be able to see all the slides right there, up close and
personal. I'm going to be up close and personal with you. We're going to have
breakout sessions. It's going to be very interesting, very exciting. We've got
it designed for you. So give us a call, check on the Corona virus, check on the
financing that we have available for you. 1-800-578-8580 and I'm looking
forward to seeing you there. Yeah, baby.
guys to the bank when you could be the bank? I want to share that with you at
Massive Passive Income. It's coming up April 30th. May 1, 2 and 3 call our
office 1-800-578-8580 that's 1-800-578-8580 and we're going to have a four day
live stream event where you're going to be able to stay in the comfort and
safety of your own home and be able to actually receive all of the information.
You're going to be able to see all the slides right there, up close and
personal. I'm going to be up close and personal with you. We're going to have
breakout sessions. It's going to be very interesting, very exciting. We've got
it designed for you. So give us a call, check on the Corona virus, check on the
financing that we have available for you. 1-800-578-8580 and I'm looking
forward to seeing you there. Yeah, baby.
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