Tuesday, September 7, 2021

What To Do When Your Bank Makes It Hard For You To Own A Mortgage | Street Smart Investor

The Path to Homeownership

Lou and his team created the program called “The Path to Homeownership”. Where they take deserving families regardless of their credit and financial background and show them how they can end up with homeownership.

This program makes them different from the bank. Bank has a lot of restrictions when it comes to qualifying people in getting a mortgage.

Need to learn more? Watch this short video and learn from Lou different strategies on becoming a successful Street Smart Real Estate Investor.

For more valuable information click on this link and watch the complete episode: https://youtu.be/5UvHU9obSjw – “Wall Street vs Real Estate Investing, The Battle Royale ”

If you are JUST getting started in real estate investing, you NEED to attend my ONE-DAY virtual training. I teach it LIVE over ZOOM, and it’s only $1 (yes, one dollar) for SIX HOURS of solid how-to training! https://www.wealthbuilderworkshop.online

If you’re ready for a more in-depth experience, then you owe it to yourself to investigate my THREE- DAY Millionaire Jumpstart Event. I host it four times a year in various locations, and you can attend LIVE and in person. I’m your coach all three days. Find out more at https://millionairejumpstart.com/

You’ll discover how to start investing in real estate (or do it easier and more profitably) at either Wealth Builder Workshop or Millionaire Jumpstart.

Here is an overview of my proven and practical approach to investing in real estate.

* 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

Need help deciding which power-packed “one-of-a-kind” training on making money in real estate investing is best for you! 

Call 1-800-578-8580 or visit us online at https://www.streetsmartinvestor.com

Listen to our Podcast:

https://streetsmart.mypodcastworld.com/11231/what-to-do-when-your-bank-makes-it-hard-for-you-to-own-a-mortgage-street-smart-investor


Street Smart Real Estate Investing With Lou Brown

Scott Paton:

So what I hear you saying, Lou is, well, there’s a bunch of people that are over a year ago, had no problems getting a mortgage today. 70% of them can get a mortgage. In other words, 30% of the people who still same jobs, same down payments, same credit rating, same everything. The bank manager says that, sorry, you know, we’ve changed our rules and you don’t call it.

Lou Brown:

No, Scott it’s the opposite. 20 to 30% can get a mortgage at the low interest rates, 70 to 80% cannot. So there’s qualifications that are required at the bank are pretty stringent and you’ve got, you’ve got all kinds of issues. You’ve got income issues. You’ve got length of time on the job. You got debt to income ratios. You got a lot of different factors that cause people to get a setback and not be approved for a loan. So that doesn’t mean that they don’t have significant down payment money. That doesn’t mean that they don’t have income, verifiable income. They do, but the banks guidelines restrict them due to regulations, restrict them from being able to offer folks like that. The opportunity at home ownership. Well, we’re a lot closer to those folks. So we can look at their overall picture and make sure that they are qualified for the property.

Make sure that they’re a good risk for us. The last thing we’re looking for is trouble. We want people to be able to afford the property that they move into. So we screen them very closely as well, but we make sure that their income is stable. We make sure that they have enough income. Sometimes they combine their income with other people that are moving into the property. So there’s enough income on the table to qualify them, but we get applications from everyone and we go through our own guidelines to make sure that this is a good move for those folks. And when it is, then we can work with their credit work with their down payment over time and help them build up to the point that they can get a new loan from the bank.


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