Friday, April 24, 2020

Have rents mailed to your mailbox address not your home #63



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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Hi, it's Lou Brown. Welcome back to another of my 101 cash
flow generators, cash flow accelerators. I want to help you be successful in
this great game of buy, hold and sell. By the way, that's the name of my
upcoming book.
And one of the things that I've discovered in being in
this business is that you have to put yourself in a position to win. And the
way that you do that is that you take yourself again out of the position of
receiving anything at your home. One of the things over time I'm going to teach
you is that it's very important that you create some privacy for yourself. Your
residents should not know where you live. Your contractors should not know
where you live. Any body. I mean, we all know people are getting crazy now and
it's just a better idea to put yourself in a position that you don't, you all,
your business is not in the street so to speak.
It's a much better idea to get an office. Now this office
is about this long and about this big and what I'm talking about is a mailing
address at your local ups store or other pack mail, whatever may be common in
your area. And that becomes the address that all bills are sent to that your
property tax reports are sent to. That your residents send their rent to. I
recommend that you get your mail, your address, also public record. Now one of
the things I referred to in another video is to take your name off public
record and transfer your property. Your all resident into trust. Trusts have
about 30 different benefits. And one of them is probate avoidance when you've
already got the property in trust. Another is privacy so that you are not on
public record as the current owner of the property.
The trust is the owner of the property. You may be a
beneficiary of that trust, but that is not published out in the public. And so
that's something that I want you to learn about. It's very critical and
important that you set up a good solid estate plan. And part of the process is
to notify your residents that you no longer own the property because it's now
in trust. And that you are now the manager of the property and the new owners
want the rent mail to this new address. And so setting up that address also
again, helps you to transfer that burden of ownership to the trust and take it
off of your shoulders.
Well, I hope that's been helpful to you. It's been a very
valuable thing for me in my business and I've helped people all across the
country. We have licensees of our system in all 50 States. We have many many
owners of my whole enchilada system, the whole enchilada, real estate
investing. You can learn more about that StreetSmartInvestor.com and know that
I've got a lot of different information to share with you about building an
amazing multi-million dollar real estate business. I look forward to seeing you
soon. Like this. Love this. Share this. And do Subscribe.. Take care. Yeah,
baby!
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