Wednesday, April 15, 2020

Offer Owner Financing to your tenants #87

https://streetsmartinvestor.com/featured/offer-owner-financing-to-your-tenants-87/

Lend equity to your tenants. If they have 10% down, you can switch to rent-to-own.
Leverage the power of compound interest.
When you spread the gain out, your capital gains taxes are postponed.
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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I'm back with another of my 101 cash flow accelerators
where you can accelerate your amazing real estate business. Well, one of the
things I like to talk about in this segment, we're going to be talking about
lending. When you become the lender. How about let's lend to our tenant. Now,
what that means is not lending them money, lending them equity, the property
that they're moving into that they live in. We have a program called the path
to home ownership where we help deserving families regardless of credit or
financial background to end up with home ownership and we even teach them and
show them how they can do that. We do all we can do. We have marketing to
attract those kinds of people that have significant down payments in my world
that they have at least 10% down. Then we will do owner financing in the form
of what's called an agreement for deed.
Now, why is that good for you? Well, number one, you shift
your business from just real estate. You shifted into the finance world. Well,
I say there's a reason they have those tall buildings and marble floors and
drive through windows and it's the miracle of compound interest my friends,
where $100,000 sale becomes a $500,000 income and yes, that's absolutely true
with what I teach you about owner financing and what I'm teaching you right now
is from our volume 10 owner financing system where we can both buy with owner
financing and we can sell with owner financing and Oh my goodness, the money is
incredible and it really shifts and transforms your business into an income
generation machine where you're able to get residual income for the next 40
years. Now the way I've laid it out for you, I explain it there, but one of the
things that's most valuable is when you sell a property to a buyer, there's a
thing called capital gains and the capital gains are payable.
The next time you pay taxes rolls around, next year you've
got to pay the capital gain except when you do owner financing, when you spread
that gain out doing what's called an installment sale. So now that installment
sale means that you pay on the gain as you receive it, when ever that is. So
now your gain is spread out now for the next 30, 40, 50 years, depending on the
length of time that you do the financing for. Yes, I explained all of that in great
detail in the owner financing system. You can learn more about that at
StreetSmartInvestor.com click on tools and click on volume 10 owner financing.
I look forward to seeing you again soon. This is an amazing thing that I just
talked to you. That's been incredible in our business. I hope you like it. Love
it. Share it with others and I'll see you soon. Yeah, baby.

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