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…
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Hey! It's Lou Brown. I'm back with another of my 101
profit centers to help you build and sustain a wonderful real estate investing
business. And one of the things I discovered over time was that when we connect
with our residents, we want them to be responsible around what they're doing
with our property. Most of your residents have a lot of different bills due on
the first of the month. So I rolled that back and I said, what if we got paid
out of the middle of the month check instead of the first of the month check.
So I rolled it back to the 25th, now I found out that there's about 13
different benefits from collecting the rent early before the first of the
month. One of them is that everybody else is following they're dispossessories
later after the first of the month, they usually wait five days before they
file dispossessories.
profit centers to help you build and sustain a wonderful real estate investing
business. And one of the things I discovered over time was that when we connect
with our residents, we want them to be responsible around what they're doing
with our property. Most of your residents have a lot of different bills due on
the first of the month. So I rolled that back and I said, what if we got paid
out of the middle of the month check instead of the first of the month check.
So I rolled it back to the 25th, now I found out that there's about 13
different benefits from collecting the rent early before the first of the
month. One of them is that everybody else is following they're dispossessories
later after the first of the month, they usually wait five days before they
file dispossessories.
Well, think about this. If you're collecting on the 25th
and your resident doesn't pay on time, then you're actually filing your
dispossessories on the first of the month when nobody else is there. So it
opens up the opportunity for you to be in court before everybody else is. It
opens you up to the opportunity for the [inaudible]. Your paperwork doesn't get
delivered as a notice of the dispossessory warrant and it doesn't get served
until later in the month. Now they may not call them dispossessories in your
area, but you get the idea. If it is not timely, then you're going to be pushed
back. Sometimes it can take up to a month for them to serve that paperwork.
Well in the meantime, you haven't been paid already. Now you're not being paid
again until you finally get to court. So we want to speed that process up as
much as possible and one of the ways we do that is to get paid on the 25th of
the month.
and your resident doesn't pay on time, then you're actually filing your
dispossessories on the first of the month when nobody else is there. So it
opens up the opportunity for you to be in court before everybody else is. It
opens you up to the opportunity for the [inaudible]. Your paperwork doesn't get
delivered as a notice of the dispossessory warrant and it doesn't get served
until later in the month. Now they may not call them dispossessories in your
area, but you get the idea. If it is not timely, then you're going to be pushed
back. Sometimes it can take up to a month for them to serve that paperwork.
Well in the meantime, you haven't been paid already. Now you're not being paid
again until you finally get to court. So we want to speed that process up as
much as possible and one of the ways we do that is to get paid on the 25th of
the month.
I hope this has been a value to you. Like I said, I've got
13 different reasons that that alone is valuable to you and you can find out
more about that in my volume two Selling and Holding. You can get that at
StreetSmartInvestor.com that's StreetSmartInvestors.com I hope that's valuable
to you. Like this. Love this. Share this with everybody you know. And I will
see you soon. Yeah, baby!
13 different reasons that that alone is valuable to you and you can find out
more about that in my volume two Selling and Holding. You can get that at
StreetSmartInvestor.com that's StreetSmartInvestors.com I hope that's valuable
to you. Like this. Love this. Share this with everybody you know. And I will
see you soon. Yeah, baby!
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