Friday, April 17, 2020

Know your market and the type buyer you will have and renovate according...



Lou has done many renovations. He would renovate the way he liked. He would sell them. And discovered they wanted something different.

101 Street Smart Cash Flow Accelerators

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…

* 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…

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.

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Hi it's Lou Brown. I'm back with another of my 101
cashflow generators where you can make more money and less effort in a single
bound.

Oh we are sharing with you today number 78 of my cashflow
generators and that is renovate the property for the buyer that you want. Now
I've done many, many renovations and it's been really exciting to watch how
this is evolved in my life. I used to fix up the properties the way I liked it
and would sell them. It was great, but what I realized is I needed to start marketing
the property right away so that I could find a buyer right away and then they
would be able to select the paint colors, the carpeting or flooring. They could
choose the cabinets, the countertops, the sinks, the faucets. So what I did is
start with a budget and then if they wanted something different they could pay
for that. While it was wonderful and also as able to collect, a nonrefundable
earnest money during the renovation. It's a great way to do your business. Make
sure you have a customer before you do the renovation.

Hopefully that's helpful to you. If you like it, do love
it. Share it. Let others know about it. Check out our YouTube. See you soon.
Yeah, baby!
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