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 cash
flow accelerators. And one of the ones that is very important for your future
is when you can "Control The Closing".
flow accelerators. And one of the ones that is very important for your future
is when you can "Control The Closing".
Listen, I've learned over my years that when it's my title
company or attorney that's closing the transaction, then I am a lot closer to
any issues that might be happening around getting that closing done. For
example, let's say that something weird popped up in the closing when they
inspect the title. And it's something that could be easily fixed. But if I
don't have a relationship with that title company, it might be something I
don't find out for days. It could impact the closing. There could be real
issues that I'm not abreast of. So I like to know exactly who's closing the
transaction and that they are a member of my team.
company or attorney that's closing the transaction, then I am a lot closer to
any issues that might be happening around getting that closing done. For
example, let's say that something weird popped up in the closing when they
inspect the title. And it's something that could be easily fixed. But if I
don't have a relationship with that title company, it might be something I
don't find out for days. It could impact the closing. There could be real
issues that I'm not abreast of. So I like to know exactly who's closing the
transaction and that they are a member of my team.
So in the Purchase and Sale Agreement, it always says that
"Seller will choose closing agent". And in fact, we go ahead and put
in there who's going to be closing the transaction. The name of the attorney
title company that's going to be closing the transaction. So that's important.
Put that in your contract. I have this built into our agreement on the selling side.
"Seller will choose closing agent". And in fact, we go ahead and put
in there who's going to be closing the transaction. The name of the attorney
title company that's going to be closing the transaction. So that's important.
Put that in your contract. I have this built into our agreement on the selling side.
You can learn more about this great, what we call standard
Purchase and Sale Agreement for the selling side. When you go to
StreetSmartInvestor.com/tools and you can see all the different tools that we
have for helping you to be successful in your real estate business. I'm looking
forward to seeing you soon. Yeah, baby!
Purchase and Sale Agreement for the selling side. When you go to
StreetSmartInvestor.com/tools and you can see all the different tools that we
have for helping you to be successful in your real estate business. I'm looking
forward to seeing you soon. Yeah, baby!
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