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…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.
* 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…
-----------------------------------------------
Hi, it's Lou Brown. And I am back with more education for
you to train you to be a professional property manager, help you succeed in the
world of buy, hold and sell. By the way, that's the name of my upcoming new
book, "Buy, Hold and Sell".
you to train you to be a professional property manager, help you succeed in the
world of buy, hold and sell. By the way, that's the name of my upcoming new
book, "Buy, Hold and Sell".
And one of the great things is that we discovered that
when we are in the field, so to speak, when we're face to face with residents,
you know some people are going through a world of different drama, different
situations within their life. And what happens is that sometimes they don't do
what they agreed to do and when that happens, sometimes they go bonkers. I
don't, I know you've heard the term "going postal", right? And it's
like the post office worker that works there for 30 years and has always been mild
mannered and never had any upset. But everyday they were getting more and more
like a powder keg.
when we are in the field, so to speak, when we're face to face with residents,
you know some people are going through a world of different drama, different
situations within their life. And what happens is that sometimes they don't do
what they agreed to do and when that happens, sometimes they go bonkers. I
don't, I know you've heard the term "going postal", right? And it's
like the post office worker that works there for 30 years and has always been mild
mannered and never had any upset. But everyday they were getting more and more
like a powder keg.
And then one day they just blow up and have random, let's
just say violence in the workplace. So we want to avoid any kind of violence,
upsets, breakdowns. And one of the things we discovered is when you are the
manager and you're not the owner and you're not the one that has all of the
answers and you're not the one that can make all of this decisions, it's a far
better place to be. It's similar to what you do at your job when you are just,
let's say putting forth a policy with a customer or another coworker and you're
saying, listen, I just work here. I'm just dilute. Don't kill the messenger.
Don't be upset. I'm just delivering to you what we do. Now, one of the things
that we've done all throughout our entire career is we've always gone back to
the paper work.
just say violence in the workplace. So we want to avoid any kind of violence,
upsets, breakdowns. And one of the things we discovered is when you are the
manager and you're not the owner and you're not the one that has all of the
answers and you're not the one that can make all of this decisions, it's a far
better place to be. It's similar to what you do at your job when you are just,
let's say putting forth a policy with a customer or another coworker and you're
saying, listen, I just work here. I'm just dilute. Don't kill the messenger.
Don't be upset. I'm just delivering to you what we do. Now, one of the things
that we've done all throughout our entire career is we've always gone back to
the paper work.
What is it that was agreed to between the parties? So
whenever you can keep the emotion out, keep the drama out, don't get in.
Sometimes they're trying to fool you and do all they can do. Get you into their
world, so that there can be an upset, there can be a fight, there can be
backbiting, there can be negative talks between one another. Listen, always
bring yourself above that. Always only refer back to what was agreed to. No
other discussions and one of the ways we found that works best is to not own
the property. Now, this is an absolute truth and we're not lying to anyone. In
fact, one of the things that I teach you is to hold title to your property in
trust, and so I became an expert years ago on these things called land trusts
and land trusts are phenomenal at being able to get the property out of your
name and put the property into this thing called a trust.
whenever you can keep the emotion out, keep the drama out, don't get in.
Sometimes they're trying to fool you and do all they can do. Get you into their
world, so that there can be an upset, there can be a fight, there can be
backbiting, there can be negative talks between one another. Listen, always
bring yourself above that. Always only refer back to what was agreed to. No
other discussions and one of the ways we found that works best is to not own
the property. Now, this is an absolute truth and we're not lying to anyone. In
fact, one of the things that I teach you is to hold title to your property in
trust, and so I became an expert years ago on these things called land trusts
and land trusts are phenomenal at being able to get the property out of your
name and put the property into this thing called a trust.
And listen, there's about 30 different trusts out there.
Land trusts have their own unique properties and their own unique requirements
and innocence as well about 30 different benefits that you can get from land
trust. You cannot get from any other entity. So what I have you do is transfer
your property that's maybe in your name or in an LLC name. Have you transferred
that to a trust? And then there's a letter in the land trust system where you
send that to the residence. I no longer own the property. However, I'm going to
remain on as the manager for an indefinite period of time. The new owners have
some new paperwork they want me to go over with you. That's how you can get out
of potentially an agreement they do currently have in place because now there's
a new owner and the new owner wants new paperwork.
Land trusts have their own unique properties and their own unique requirements
and innocence as well about 30 different benefits that you can get from land
trust. You cannot get from any other entity. So what I have you do is transfer
your property that's maybe in your name or in an LLC name. Have you transferred
that to a trust? And then there's a letter in the land trust system where you
send that to the residence. I no longer own the property. However, I'm going to
remain on as the manager for an indefinite period of time. The new owners have
some new paperwork they want me to go over with you. That's how you can get out
of potentially an agreement they do currently have in place because now there's
a new owner and the new owner wants new paperwork.
You'd go over your new standard rental agreement that you
learned about that's provided by volume eight and then you can realize that
there is a way that you can truthfully and with confidence say to the residents
that you are not the owner. You are the manager of the property. Why? Because
there is a management agreement that the trustee of the trust hires you to be
the manager. And so therefore the truth is you do not own the property. The
truth is the trust owns the property. The trust hires you to manage the
property and you're the one that advertises the property. You're the one that
manages the property. You're the one that collects the rent. You're the one
that deposits the rent. You're the one that hires people to do work on the
property and you keep yourself out of the line of fire, so to speak.
learned about that's provided by volume eight and then you can realize that
there is a way that you can truthfully and with confidence say to the residents
that you are not the owner. You are the manager of the property. Why? Because
there is a management agreement that the trustee of the trust hires you to be
the manager. And so therefore the truth is you do not own the property. The
truth is the trust owns the property. The trust hires you to manage the
property and you're the one that advertises the property. You're the one that
manages the property. You're the one that collects the rent. You're the one
that deposits the rent. You're the one that hires people to do work on the
property and you keep yourself out of the line of fire, so to speak.
I hope that's been a value to you. Do like it. Love it.
Share it with others and do subscribe. Thank you so much for joining us. Thank
you so much for enjoying this series. Let other people know about it and I will
see you soon. Yeah, baby!
Share it with others and do subscribe. Thank you so much for joining us. Thank
you so much for enjoying this series. Let other people know about it and I will
see you soon. Yeah, baby!
----------------------------------------------------
If you want to listen to our Podcast, click here:
Visit:
No comments:
Post a Comment