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 everybody! It's Lou Brown. Welcome back to another of
101 additional profits. Since there's ways that you can increase the amount of
money that you're receiving on every property that you do. And one of the ways
that we've discovered that we can do that is the deal with the appliances. You
know, I discovered years ago that appliances were one of the biggest headaches
you can ever have. It was amazing to me. I had a whole bunch of apartments and
people would have a tiny little refrigerator with a tiny little freezer and if
the refrigerator went out, they would say that they had lost $400 worth of meat
because the freezer went out and they lost $400 worth of valuable meat. I
discovered that being in the appliance business was not a business I wanted to be
in. And so years ago I started just carving out and disappearing appliances. So
now if the home had a dishwasher, it still has one.
101 additional profits. Since there's ways that you can increase the amount of
money that you're receiving on every property that you do. And one of the ways
that we've discovered that we can do that is the deal with the appliances. You
know, I discovered years ago that appliances were one of the biggest headaches
you can ever have. It was amazing to me. I had a whole bunch of apartments and
people would have a tiny little refrigerator with a tiny little freezer and if
the refrigerator went out, they would say that they had lost $400 worth of meat
because the freezer went out and they lost $400 worth of valuable meat. I
discovered that being in the appliance business was not a business I wanted to be
in. And so years ago I started just carving out and disappearing appliances. So
now if the home had a dishwasher, it still has one.
If it had a stove, it still has one. If it had a
refrigerator, it still has one. If they are there. But what we tell the resident
is they're there as a convenience to you. They are not included in the rent. If
anything goes wrong or bad with those, call an appliance expert and have them
come deal with that or go buy yourself a new one and have fun with that. We
actually got out of the appliance business years ago. I'm so glad we did. If we
purchased a new property and it doesn't have any one of those three, we do
typically put in a dishwasher but then we'll leave out the stove and
refrigerator and we'll let the resident buy new ones. Now here's another thing
that we've done is another province in our, I should probably put it on another
one, but we will actually sell the appliances to the residents. We can talk
more about that. So I hope you love the idea of not having to be in the
appliance business. And in fact we have a clause in my standard rental
agreement that says no part of the rent applies to appliances. If they're
there, they're there as convenience and they are welcome to have them repaired
or call us. And we will take them away. And that's the way that we handle
appliances.
refrigerator, it still has one. If they are there. But what we tell the resident
is they're there as a convenience to you. They are not included in the rent. If
anything goes wrong or bad with those, call an appliance expert and have them
come deal with that or go buy yourself a new one and have fun with that. We
actually got out of the appliance business years ago. I'm so glad we did. If we
purchased a new property and it doesn't have any one of those three, we do
typically put in a dishwasher but then we'll leave out the stove and
refrigerator and we'll let the resident buy new ones. Now here's another thing
that we've done is another province in our, I should probably put it on another
one, but we will actually sell the appliances to the residents. We can talk
more about that. So I hope you love the idea of not having to be in the
appliance business. And in fact we have a clause in my standard rental
agreement that says no part of the rent applies to appliances. If they're
there, they're there as convenience and they are welcome to have them repaired
or call us. And we will take them away. And that's the way that we handle
appliances.
I hope this has been of value to you. Taking advantage of
my over 40 years being in this business, supplying, holding, and selling
property. Share this. Like it. Love it. And I will see you soon. Yeah, baby!
my over 40 years being in this business, supplying, holding, and selling
property. Share this. Like it. Love it. And I will see you soon. Yeah, baby!
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