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.
-----------------------------------------------------
Hi! It's Lou Brown. I'm back with another of my 101 cash
flow accelerators to help you building an amazing real estate business. And one
of the things I discovered along the way, this is number 91. "Have the
buyer pay all closing costs". So, it's all related to, when you are
selling the property, many times the buyer will pay some or all of the closing
costs. Now you may be used to, when you sell a property, you expect the agent
to put in the contract that the seller is now going to have to pay up to 3% of
the closing costs.
flow accelerators to help you building an amazing real estate business. And one
of the things I discovered along the way, this is number 91. "Have the
buyer pay all closing costs". So, it's all related to, when you are
selling the property, many times the buyer will pay some or all of the closing
costs. Now you may be used to, when you sell a property, you expect the agent
to put in the contract that the seller is now going to have to pay up to 3% of
the closing costs.
Well, but that's not necessarily true. And that is fully
negotiable. Know this. When you do the marketing yourself, you control what
happens. And if you find your own buyer, then many of these costs can actually
go away. And it's one of the reasons that we do our path to home ownership program,
because our buyers move-in, live there for a while before they ultimately buy
the property. So that can save you on closing costs at a later date. But if
you're selling retail, you can expect to have it built into the real estate
agents contract when you are selling using an agent or an agent is bringing
their buyer.
negotiable. Know this. When you do the marketing yourself, you control what
happens. And if you find your own buyer, then many of these costs can actually
go away. And it's one of the reasons that we do our path to home ownership program,
because our buyers move-in, live there for a while before they ultimately buy
the property. So that can save you on closing costs at a later date. But if
you're selling retail, you can expect to have it built into the real estate
agents contract when you are selling using an agent or an agent is bringing
their buyer.
So, I have different paperwork. I have a separate purchase
and sale agreement for when we sell property. I have a separate purchase and
sale agreement for when we buy property. And in the contract for when we sell
property, it says that the buyer will pay all closing costs. To include
recording fees and tangibles tax, wood destroying organism report and all kinds
of other fees and expenses. Now again, is that negotiable? Of course it's
negotiable and you can agree to pay up to a certain amount. Let's say that you
agree to pay up to $500 or a thousand dollars of those closing costs, then that
can make you a lot of money in your transaction.
and sale agreement for when we sell property. I have a separate purchase and
sale agreement for when we buy property. And in the contract for when we sell
property, it says that the buyer will pay all closing costs. To include
recording fees and tangibles tax, wood destroying organism report and all kinds
of other fees and expenses. Now again, is that negotiable? Of course it's
negotiable and you can agree to pay up to a certain amount. Let's say that you
agree to pay up to $500 or a thousand dollars of those closing costs, then that
can make you a lot of money in your transaction.
Hopefully that's of benefit to you. Like it. Love it,
share it, and I'll see you soon. Yeah, baby.
share it, and I'll see you soon. Yeah, baby.
---------------------------------------------------------------
No comments:
Post a Comment