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 cash flow
accelerators. In the last episode I was talking about substituting yourself as
the lender. And you might ask yourself, how would that work? Well, it's pretty
cool stuff because basically you're not lending cash, you're not lending money
like a traditional lender would. You are lending equity. And it's called a
Purchase Money Loan. And that's what would happen if you substitute yourself as
the lender. And so one of the things we do in our world, we don't give people
the deed to the property depending on how much down payment they have, of
course if they've got a sizable down payment, we will give them the deed. But
if they've got a limited down payment, say 10% then we're going to have and give
them what we call an Agreement For Deed.
accelerators. In the last episode I was talking about substituting yourself as
the lender. And you might ask yourself, how would that work? Well, it's pretty
cool stuff because basically you're not lending cash, you're not lending money
like a traditional lender would. You are lending equity. And it's called a
Purchase Money Loan. And that's what would happen if you substitute yourself as
the lender. And so one of the things we do in our world, we don't give people
the deed to the property depending on how much down payment they have, of
course if they've got a sizable down payment, we will give them the deed. But
if they've got a limited down payment, say 10% then we're going to have and give
them what we call an Agreement For Deed.
So that's not the deed to the property. That's an
agreement for deed. And that's something that can really change your life.
Because now you still got control of the property. If anything goes wrong, you
won't have to go through a traditional foreclosure or it's less likely that you
would have to go through a traditional foreclosure.
agreement for deed. And that's something that can really change your life.
Because now you still got control of the property. If anything goes wrong, you
won't have to go through a traditional foreclosure or it's less likely that you
would have to go through a traditional foreclosure.
So hopefully that's of help to you. You can learn more
about how to do this amazing thing called being the lender in my Volume 10. Owner
Financing. I've got CDs. I've got the paperwork. I've got the step by step
processes. It's really powerful. I encourage you to check that out. My name's
Lou Brown. Been in the business for over 40 years. Check us out.
StreetSmarInvestor.com see you soon. Yeah, baby!
about how to do this amazing thing called being the lender in my Volume 10. Owner
Financing. I've got CDs. I've got the paperwork. I've got the step by step
processes. It's really powerful. I encourage you to check that out. My name's
Lou Brown. Been in the business for over 40 years. Check us out.
StreetSmarInvestor.com see you soon. Yeah, baby!
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