One of the things that Lou teaches in his classes is the SWOT analysis of every investment that you make. SWOT analysis: Strengths, Weaknesses, Opportunities, and Threats.
By this Lou thinks that the government is a threat when it comes to these short-term rentals.
For more valuable information click on this link to watch the complete episode: https://youtu.be/k0QEygGROKY – “Why It Doesn’t Matter If Real Estate Booms Or Not”
https://millionairejumpstart.com/
Discover how to start investing in real estate at Millionaire Jumpstart.
* Money Making Secret #1: Getting Motivated Sellers to Call You! No more calling unmotivated sellers and getting rejected more times than a geek for the high school prom!
I’ll show you how for over 28 years, I’ve been able to get deals brought to me and motivated sellers hunting me down to give me their house.
* Money Making Secret #2: The Art of Structuring Deals! I’ve been doing this for 40 years and I love to share how I get sellers to give me the house, a check, and even a jet ski or two.
* Money Making Secret #3: Negotiating Secrets Revealed! I love to negotiate, just ask Matt, one of my hand-picked coaches. We recently went to an estate sale and he witnessed me structuring a deal to buy the house and contents right there on the spot.
* Money Making Secret #4: Trusts Simplified! A little confused on this entire Trust thing? Why to do it? How to do “Subject-To” safely? I’m going to show you my new fundamentals of Trusts training that will simplify the concept of Trusts, so a 9-year-old child can understand it.
* Money Making Secret #5: Develop a Plan for Success in Real Estate. The wealthiest man ever to walk the earth left clues for us on how he amassed his great wealth and kept it.
How to Help People While Helping Yourself – Become a Certified Affordable Housing Provider™
Create Your 10 Million Dollar Retirement Plan – specific formula revealed
Learn Hidden Profits Available in ANY Deal – worth thousand$
How to Take Over the Seller’s Loan with NO Money
How to Have the Seller PAY YOU to Buy Their Home – no kidding!
Buying Without Bank Loans – over forty years and never one bank loan!!
Easy Ways to LEGALLY Raise Big Money for Your Deals
Renovations – Quick Ways to Safely Make Huge Cash Now
Money-Making Management Secrets from a 40 year veteran who manages over 150 now
Accelerating Your Cash Flow – Add built-in “Profit Centers” – extra hundred$ per month
Case Studies: Secrets of How They Were Found, Negotiated and Sold
How to Protect Your Deal from Someone Else Stealing it
Legally Pay ZERO Taxes on Your Real Estate Portfolio – simple structure worth thousands
Having Tenants Leave Your Property in Better Condition than When You Gave It to Them
Why Land and Personal Property Trusts are the Best Privacy and Asset Protection
Benefits of Trusts You Cannot Get With ANY Other Entity
The Due-on-Sale Clause – What it is and How to Avoid it Legally
And MUCH More
Attend this power-packed “one-of-a-kind” best of the best training on making money in real estate investing!
Call 1-800-578-8580
Listen to our Podcast:
https://streetsmart.mypodcastworld.com/11118/fall-out-of-local-governments-banning-strs-lou-brown
Scott Paton:
Enjoy Free Power Now, we have a market with a multitude of short-term rentals, STR and now the local governments are beginning to ban these STR's. This is driving prices up to unreasonable levels. How do you see the fallout of local governments banning STR's? My name is Kevin.
Lou Brown:
And it's Kevin. Kevin, I see it as a threat. And one of the things I teach in my classes is a SWOT analysis of every investment that you make. Now, what I mean by SWOT analysis, strengths, weaknesses, opportunities, and threats, and absolutely government is a threat when it comes to these short-term rentals. Now as hotel year, myself having built a hotel from scratch and currently owning a motel in Texas, I can tell you that it impacts those businesses that have spent millions of dollars building those buildings and complying with government regulations to suddenly have homeowners come in and start renting out rooms and for half price. So it really is, it is an impact and I've, I'm on both sides of that coin. I've used the Airbnb and BRBO and things like that. So I know the benefits of using them, but the other side of that is the impact to the business owners in your local market.
Lou Brown:
So, some have the ear of government people the city council, the County commission. And when those people make a decision, it definitely can impact your future. So the first thing I would do is find out what's on the horizon. Find out if that's something that is being considered by local government before you buy those homes. Now, in some areas, people have been able to push back. They've been able to Sue the local government saying, look, this is, this is my livelihood. This is my own personal residence. And I'm renting out a room in my own personal residence. And they're starting to make distinctions about businesses renting out rooms versus people renting out rooms. So that's another thing to look at in your local market, Kevin, and it's a great question. And one that you should absolutely explore in your local market.
Scott Paton:
And one of the things that you always teach Lou is go out into your local community, get to know the mayor, get to know the city counselors, get to know the city manager, the sheriff, like everybody. So that, when these things come up, you have their ear already and you can tell them your side of the story.
Lou Brown:
Hundred percent. Scott, thank you for bringing that up. And this is one of the things that we give to local government. This is our book, Doing Good While Doing Well. How real estate investors make a difference and provide a service in the local community. So it's absolutely something that you want to bring to your local government because when they know you and they know that you're making a difference in the community, they respect you. They appreciate you. And they are going to be hard put to deny. You and what you can do for what you are already doing for the local community.
No comments:
Post a Comment