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. With another of my 101 ways for real
estate investors like you to win, close more deals and accelerate your cash
flows. Today's tip is number 12. "Always file a notice of purchase and
sale agreement to protect your deal from being taken". Let me speak about
that. It's amazing.
estate investors like you to win, close more deals and accelerate your cash
flows. Today's tip is number 12. "Always file a notice of purchase and
sale agreement to protect your deal from being taken". Let me speak about
that. It's amazing.
We would like to believe that a seller, when they sign a
contract with you, are going to actually go all the way through to closing. But
many times the seller has actually talked to other people or after they do a
contract with you, they're going to talk with their next door neighbor, their
uncle, their brother, their attorney, and all of a sudden somebody else says,
well, I would have paid you that or I would've paid you more than that. And
then all of a sudden they're signing a second contract with somebody else. And
have I seen that? Oh yes. And that's the reason I created a document to protect
myself so that people could not steal my deal. And you're going to love this
one. I've had so many of my clients nationwide tell me that this contract
actually made them and save them 10, 20, 50, 100. One of them told me $225,000
is what this one document made for him.
contract with you, are going to actually go all the way through to closing. But
many times the seller has actually talked to other people or after they do a
contract with you, they're going to talk with their next door neighbor, their
uncle, their brother, their attorney, and all of a sudden somebody else says,
well, I would have paid you that or I would've paid you more than that. And
then all of a sudden they're signing a second contract with somebody else. And
have I seen that? Oh yes. And that's the reason I created a document to protect
myself so that people could not steal my deal. And you're going to love this
one. I've had so many of my clients nationwide tell me that this contract
actually made them and save them 10, 20, 50, 100. One of them told me $225,000
is what this one document made for him.
Now what I call it is the Notice of Purchase and Sale
Agreement. Now the notice of purchase and sale agreement is a document that you
would actually record at the courthouse to let the world know that that seller
has entered into an agreement with you. And the cool thing is, the seller signs
it! They sign it at the same time that they signed your purchase and sale
agreement that I talked about in another tip. So what happens is when they
signed this, you try it down the next day to the courthouse and you get this
recorded on public record. So then if there's a title search done by somebody
else to buy the property out from under you, then this is going to pop up.
You're going to pop up like a jack in the box, baby. Oh did you forget about
me? This is my deal.
Agreement. Now the notice of purchase and sale agreement is a document that you
would actually record at the courthouse to let the world know that that seller
has entered into an agreement with you. And the cool thing is, the seller signs
it! They sign it at the same time that they signed your purchase and sale
agreement that I talked about in another tip. So what happens is when they
signed this, you try it down the next day to the courthouse and you get this
recorded on public record. So then if there's a title search done by somebody
else to buy the property out from under you, then this is going to pop up.
You're going to pop up like a jack in the box, baby. Oh did you forget about
me? This is my deal.
And you can stop them dead in their tracks because what
you've done is you've legitimately and legally clouded the title. Now a little
caveat, don't record this if you don't have a purchase and sale agreement. But
if you do, you have every right to record this. Why? Because in my purchase and
sale agreement, it actually says you're going to do exactly this. And then your
seller signs this. And we put this on public record, not the contract, just the
notice of purchase and sale agreement.
you've done is you've legitimately and legally clouded the title. Now a little
caveat, don't record this if you don't have a purchase and sale agreement. But
if you do, you have every right to record this. Why? Because in my purchase and
sale agreement, it actually says you're going to do exactly this. And then your
seller signs this. And we put this on public record, not the contract, just the
notice of purchase and sale agreement.
Well, I hope this has been enjoyable for you. I hope that
this is going to be profitable for you. I know it will be. I'd love to share
more of my profitable tips with you. How can you get more? Well, first of all,
this is my system. It's called buying. Buying Volume One. It's at
StreetSmartInvestor.com under tools, just click on it and go to buying volume
one. I've got many different documents that have saved and made me a fortune.
It's a very critical piece regardless of the size of business that you're going
to build. So if you'd like to see more of my tips, just simply like it. Love
it. Share it. Comment on it. Subscribe. And share it with your network too.
Thank you for watching. And I hope to see you soon. Yeah, baby! Thank you.
this is going to be profitable for you. I know it will be. I'd love to share
more of my profitable tips with you. How can you get more? Well, first of all,
this is my system. It's called buying. Buying Volume One. It's at
StreetSmartInvestor.com under tools, just click on it and go to buying volume
one. I've got many different documents that have saved and made me a fortune.
It's a very critical piece regardless of the size of business that you're going
to build. So if you'd like to see more of my tips, just simply like it. Love
it. Share it. Comment on it. Subscribe. And share it with your network too.
Thank you for watching. And I hope to see you soon. Yeah, baby! Thank you.
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