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 valuable profitable
101 ways for real estate investors like you to win, close more deals and
accelerate your cash flow. So today's tip is number 22. When optioning to buy
or when buying on agreement for deed, always have this seller place their deed
in escrow. Now one of the things you might have heard about is that you could
actually purchase a property by simply getting an option and a lease with the
seller. So rather than actually getting the deed on the property, maybe you're
not so sure there's equity there. Maybe you'd be better off doing a lease with
the option to buy. Maybe the seller doesn't want to give you their deed. Maybe
they want to stop you from getting their deed. Maybe they're concerned that you
won't make the payments. Maybe they're concerned they would have to foreclose
to get their property back.
101 ways for real estate investors like you to win, close more deals and
accelerate your cash flow. So today's tip is number 22. When optioning to buy
or when buying on agreement for deed, always have this seller place their deed
in escrow. Now one of the things you might have heard about is that you could
actually purchase a property by simply getting an option and a lease with the
seller. So rather than actually getting the deed on the property, maybe you're
not so sure there's equity there. Maybe you'd be better off doing a lease with
the option to buy. Maybe the seller doesn't want to give you their deed. Maybe
they want to stop you from getting their deed. Maybe they're concerned that you
won't make the payments. Maybe they're concerned they would have to foreclose
to get their property back.
I've got solutions for that, and I love it. So the Step(1)
for me is to try to get the deed and we buy that property subject to the
existing loan. So we purchased it in trust and then we take over the existing
financing and I teach you that in another segment. And in volume four, Land
Trusts. And let's say that the seller, for whatever reason, probably your own
concern about whether this is going to work or not, your own, let's say way of
being that you're not giving off the right vibes. They're a little bit
concerned with your own apprehension about doing it because that's really the
problem. It's not that it's a bad concept or there's anything wrong with the
concept, it's that you have to get comfortable with it yourself. And you have
to learn what I call the magic words and I've definitely got those magic words
and I teach them to you.
for me is to try to get the deed and we buy that property subject to the
existing loan. So we purchased it in trust and then we take over the existing
financing and I teach you that in another segment. And in volume four, Land
Trusts. And let's say that the seller, for whatever reason, probably your own
concern about whether this is going to work or not, your own, let's say way of
being that you're not giving off the right vibes. They're a little bit
concerned with your own apprehension about doing it because that's really the
problem. It's not that it's a bad concept or there's anything wrong with the
concept, it's that you have to get comfortable with it yourself. And you have
to learn what I call the magic words and I've definitely got those magic words
and I teach them to you.
But let's say they say no. Okay, what's our backup plan?
Our backup plan is a thing called 'Agreement for Deed' where we buy the
property with an agreement to get the deed at a later date. When you perform.
When you do what you say you're going to do. Now when you buy the property on
agreement for deed and yes, I've got the paperwork to do that in my buying
volume one system so that you've got everything that you need to be able to
purchase properties. Remember that my philosophy is, and what I teach you is we
don't go to banks and we don't qualify for loans. So there's many different
ways that we can have the seller be the bank. So again, if they're not going to
sell you the property subject to the existing loan then our backup plan is,
we're going to get something called an agreement for deed.
Our backup plan is a thing called 'Agreement for Deed' where we buy the
property with an agreement to get the deed at a later date. When you perform.
When you do what you say you're going to do. Now when you buy the property on
agreement for deed and yes, I've got the paperwork to do that in my buying
volume one system so that you've got everything that you need to be able to
purchase properties. Remember that my philosophy is, and what I teach you is we
don't go to banks and we don't qualify for loans. So there's many different
ways that we can have the seller be the bank. So again, if they're not going to
sell you the property subject to the existing loan then our backup plan is,
we're going to get something called an agreement for deed.
And if we can't get the agreement for deed, our backup
plan is a thing called a 'Lease with the option to buy'. Now I've got all the
paperwork to do that. And the key is that when we purchase a property that way,
we want the seller to place their deed in escrow. And the reason is something
might happen to the seller. They might die, they might get divorced, they might
leave town, we might, they might not be find-able. And all of a sudden we're
ready today to get our deed, but we can't find the seller anywhere, or the
sellers dead. So what do we do if we've already got the deed in escrow with
escrow instructions? Then it prevents the seller from controlling that deed any
longer because as long as we fulfill on those instructions, as long as we do
what we said we're going to do, then we can get our deed without the seller
having to be present. Isn't that a wonderful solution?
plan is a thing called a 'Lease with the option to buy'. Now I've got all the
paperwork to do that. And the key is that when we purchase a property that way,
we want the seller to place their deed in escrow. And the reason is something
might happen to the seller. They might die, they might get divorced, they might
leave town, we might, they might not be find-able. And all of a sudden we're
ready today to get our deed, but we can't find the seller anywhere, or the
sellers dead. So what do we do if we've already got the deed in escrow with
escrow instructions? Then it prevents the seller from controlling that deed any
longer because as long as we fulfill on those instructions, as long as we do
what we said we're going to do, then we can get our deed without the seller
having to be present. Isn't that a wonderful solution?
Well, I hope that you enjoy this. I hope this has been
valuable to you. I know it will make a difference. I know it will make a profit
for you. I've done this over and over again. I can teach you the magic words
and I'd love to share with you more of my profitable tips. How can you get
more? Well, simply wherever you're seeing this. Please like it. Please love it.
Please share it with others. Please comment on it. Please subscribe. And thank
you for watching. And I hope to see you soon. Yeah, baby!
valuable to you. I know it will make a difference. I know it will make a profit
for you. I've done this over and over again. I can teach you the magic words
and I'd love to share with you more of my profitable tips. How can you get
more? Well, simply wherever you're seeing this. Please like it. Please love it.
Please share it with others. Please comment on it. Please subscribe. And thank
you for watching. And I hope to see you soon. Yeah, baby!
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