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. With another of my 101 ways for real
estate investors like you to close more deals, accelerate your cash flows and
make more money. Yeah Baby! Alright! So, today's tip is number 13. "Have a
contract that states disputes should be settled with mediation, then binding
arbitration". Alright. So over the years I've developed an amazing
agreement and it's what we call our Standard Purchase and Sale Agreement. Now
this standard purchase and sale agreement is amazing because it takes care of
profits. So it's got profit centers in there. It negotiates a lot of your
transaction for you without each point having to be negotiated by you. And it's
also got a lot of protection in there too. So the purchase and sale agreement,
it's three pages long. And it actually goes through, one of the things it does
is collect up all the money together on one page so you don't have to hunt
through the document to actually find out what the money looks like.
estate investors like you to close more deals, accelerate your cash flows and
make more money. Yeah Baby! Alright! So, today's tip is number 13. "Have a
contract that states disputes should be settled with mediation, then binding
arbitration". Alright. So over the years I've developed an amazing
agreement and it's what we call our Standard Purchase and Sale Agreement. Now
this standard purchase and sale agreement is amazing because it takes care of
profits. So it's got profit centers in there. It negotiates a lot of your
transaction for you without each point having to be negotiated by you. And it's
also got a lot of protection in there too. So the purchase and sale agreement,
it's three pages long. And it actually goes through, one of the things it does
is collect up all the money together on one page so you don't have to hunt
through the document to actually find out what the money looks like.
And another thing it does is it actually puts you in a
position to deal with issues before they occur. So we've got a clause in here.
Number 11, it's called "Default and Attorney's Fees". Now, if buyer
defaults on this agreement, all deposits will be retained by the seller as full
settlement of any claim where upon buyer and seller will be relieved of all
obligations under this agreement. If seller defaults under this agreement, the
buyer may seek specific performance or elect to receive the return of buyer's
binder deposits without thereby waiving any action for damages resulting from
sellers breach. If seller refuses to sell for any reason other than those
outlined herein, seller and buyer here with agree to resolve this dispute
through binding arbitration with all costs of such arbitration being borne by the
losing party.
position to deal with issues before they occur. So we've got a clause in here.
Number 11, it's called "Default and Attorney's Fees". Now, if buyer
defaults on this agreement, all deposits will be retained by the seller as full
settlement of any claim where upon buyer and seller will be relieved of all
obligations under this agreement. If seller defaults under this agreement, the
buyer may seek specific performance or elect to receive the return of buyer's
binder deposits without thereby waiving any action for damages resulting from
sellers breach. If seller refuses to sell for any reason other than those
outlined herein, seller and buyer here with agree to resolve this dispute
through binding arbitration with all costs of such arbitration being borne by the
losing party.
So what we're doing is, and there's some other words in
here, but what's important is that we're solving a problem before it occurs.
Because if they sell or refuse to sell to you for any reason, you may have
already spent a bunch of money on getting ready for that closing. You may have
ordered a title search. You may have paid for a title binder. You may have done
inspections on the property, you may have spent some money getting utilities
turned on. There's things that you are faced with when you're trying to close a
transaction. So you got to protect yourself. If they refuse to close, now
you've got an out. And by the way, they're going to initial that particular
clause to make sure that they have agreed to mediation and binding arbitration.
here, but what's important is that we're solving a problem before it occurs.
Because if they sell or refuse to sell to you for any reason, you may have
already spent a bunch of money on getting ready for that closing. You may have
ordered a title search. You may have paid for a title binder. You may have done
inspections on the property, you may have spent some money getting utilities
turned on. There's things that you are faced with when you're trying to close a
transaction. So you got to protect yourself. If they refuse to close, now
you've got an out. And by the way, they're going to initial that particular
clause to make sure that they have agreed to mediation and binding arbitration.
I hope you enjoy this tip and you will use it. This will
make a difference in your life. I can promise you. I've used it myself. I'd
love to share more of my profitable free tips with you. How can you get more?
Well, depending on where you see seeing this. I want you to like it. Love it.
Comment on it. And subscribe. Share this with your network too. Thank you for
watching. And I hope to see you soon. Yeah, baby!
make a difference in your life. I can promise you. I've used it myself. I'd
love to share more of my profitable free tips with you. How can you get more?
Well, depending on where you see seeing this. I want you to like it. Love it.
Comment on it. And subscribe. Share this with your network too. Thank you for
watching. And I hope to see you soon. Yeah, baby!
------------------------------------------------
If you want to listen to our Podcast, click here:
Visit:
No comments:
Post a Comment