Saturday, May 2, 2020

Help People With Money To Loan To Set Up A Self-Directed IRA, Then Borro...

https://streetsmartinvestor.com/101-cashflow-accelerator/help-people-with-money-to-loan-to-set-up-a-self-directed-ira-then-borrow-from-it-34/

Hi! It’s Lou Brown. With another of my 101 ways for real estate investors like you to win, close more deals and accelerate your cash flow. Today’s tip is number 34. Help someone who has some money that they would like to loan. Put that money to work. And if they’ve got a self directed IRA, fantastic, they can move that money. They can actually loan that money to you. But what if they’ve got money in a retirement account and it’s not a self directed account? Self directed means that they can actually direct that the money comes from the IRA Custodian to you. And what you give back is a note to the IRA Custodian. And they hang on to that and watch the payments come in based upon those notes. Well, that’s exactly what you can help Mrs. Jones do. You can help her move her money from a traditional IRA into what’s called a self directed IRA and there’s plenty of self directed IRA custodians out there in the world that can take care of that for you.
So that’s what I encourage you to do. And then once you help them set up the IRA, then you can borrow the money from it. And it’s one of the easiest moneys borrow because people don’t need that money for their groceries. They don’t need that money to pay their bills. That money is orbiting around the sun in their retirement account. And most of that money is earning zero point zero something percent interest. Imagine that you can now give bank rates for the money. And I’m talking about what the bank charges for a loan. You can now give that to a retirement account holder. So help them move the money from just a traditional IRA into a self directed IRA.
I hope you enjoyed this and you’ll use it. I know it will make a difference in your profits. I’d love to share more of my profitable tips with you. How can you get that? Well, depending on where you’re seeing this. Just please like it. Love it. Comment on it. Subscribe. So much appreciate this and share this with your friends as well. Thank you. See you soon. Yeah, baby!
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Line Up Access To Money Far In Advance Of Your Next Real Estate Deal #35

https://streetsmartinvestor.com/101-cashflow-accelerator/line-up-access-to-money-far-in-advance-of-your-next-real-estate-deal-35/

Hi! It’s Lou Brown. With another of my 101 ways for real estate investors like you to win, close more deals and accelerate your cash flow. Today’s tip is number 35. Number 35. Now, what’s important for you is that I’m teaching you about borrowing money, but not the traditional way. I’m teaching you about how to borrow money, the untraditional way that I’ve done since I got started in this business. I’ve never been to a bank. I’ve never qualified for a loan on a single family or small multifamily property. If I can do it, I know you can do it. I know you can avoid all of the expenses, the headaches, the pain, the suffering that it takes to qualify for a traditional loan. Now on number 35 I say, line up access to money in advance of a deal. Now, what I mean is that once you contact, in other words, plan in advance. Put this on your calendar. Know that you’re going to have a deal come and in some cases you’re going to need all cash or you’re going to need rehab money or you’re going to need down payment money, you’re going to need some cash.
Well, if you’ve already access those opportunities to borrow money, then you’ve got the way that you can actually use that money. So let’s say that you’ve got your phone, and I’ve mentioned this in another tip. You get your phone, you look at the contacts and you find where those folks are. You call them up and you use our script that we’ve got so dutifully laid out for you. And you start asking some questions. First of all, you say to them, let me, let me just share with you what we’re doing now. I’m a certified affordable housing provider. We help people regardless of their credit or financial background to end up with ownership of a property. And we work with private money lenders who have some idle funds sitting in their IRA or 401k or their personal account. And that money is not making nearly the money it ought to be making. And there’s, or earning zero to 0.1% and what we do is put that money to work using safe, secure real estate.
Do you know anybody who might have some private funds that they would like to put to work? Ask the question. It’s amazing what comes out of that conversation. I’ve been doing this for a while, baby, and I know what happens and I know that this can benefit you. So let’s make that happen for you. I’d love to share more of my profitable tips with you. All you gotta do is like this video. Love this video. Let others know about it, pass it on to your friends, pass it on to your family, and I’d love to help you build an amazing real estate business. Thank you for watching and I hope to see you soon. Yeah, baby!
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Don't Go Into A Deal Without Knowing What You Are Agreeing To. (Read All...

https://streetsmartinvestor.com/101-cashflow-accelerator/dont-go-into-a-deal-without-knowing-what-you-are-agreeing-to-read-all-the-paper-work-36/

Hi! It’s Lou Brown. With another of my 101 amazing ways for real estate investors like you to win, close more deals and accelerate your cash flow. Today’s tip is number 36. Read all the paperwork. Know what you’re agreeing to. This is so important. I’ve seen many of my licensees around the country borrow money from third parties. They didn’t even know what they were getting themselves into. I’ve seen them borrow from banks. For example, banks love to take all of your assets, pull them together into one what’s called a blanket loan. And then make you subject to them as if they decide that your property’s not worth what they think it ought to be worth, they can call that entire loan due. Imagine that that was in that paperwork all along. They have the right at any time that they feel unsecure to literally give you a call and say, by the way, our loan committee met and we decided that we just want to go ahead and receive the money back on that loan.
Imagine what you would feel like if you got a call from the bank and that happened. Well, it was all there in the paperwork. And this is one of the reasons I teach my clients not to go to banks and not to qualify for loans. Now I know you may have a great relationship with banks and they love you and they call you up on the phone and they beg you to come get some more money. And I understand. And if you’ve got one of those relationships, I’m not saying don’t do that. Well maybe I am saying that because if you were to actually understand what to say and how to say it, you’d be able to raise all the money you needed for your deals without going to banks, without qualifying for loans, without paying points, and even without paying closing costs. How powerful is that? So I want to teach you the right way to borrow money.
Well, I hope you’ve enjoyed this. I hope you can use it. I know it can make a difference in your profits. I’d love to share more of my profitable tips with you. How can you get more? Depending on where you’re seeing this. Please like it. Love it. Comment on it. Subscribe. Share it with your friends. I sure do appreciate that. Thank you for watching and I hope to see you soon. Yeah, baby!
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How To Avoid Making Payments On Private Money By Making The Interest Acc...

https://streetsmartinvestor.com/101-cashflow-accelerator/how-to-avoid-making-payments-on-private-money-by-making-the-interest-accrue-37/



Hi! It's Lou Brown. With another of my 101 ways for real
estate investors like you to win, close more deals and accelerate your cash
flow. Today's tip is number 37. Always offer to have the interest accrue. This
means you make no payments. Wow! How good is that? Well, why would that be good
for the lender? Well, let's say they have a retirement account and let's say
they've loaned to you at say 6% interest. And imagine that that interest is
accruing. That means that every month that you don't make a payment that you
owe interest on the original amount borrowed, plus you own interest on the
payment that wasn't paid so they can earn interest accruing. Well, what does
that mean by the end of the year? Well, let's say that the loan was $100,000
you just saved the payment every month on that. That could help your cash flow
dramatically. And what you could do with that additional cash flow is buy more
marketing.
Marketing will drive the train. When you got the right
marketing, you've got the ability to build an amazing business in the real
estate business. But the key is you gotta be able to pay for it. Wouldn't it be
great if you weren't having to make monthly payments on this private money that
I've been teaching you in this series? So what you say to the investor is,
would you like to receive, annual payments, semiannual payments, quarterly
payments, or monthly payments? And let them choose if they say monthly
payments, you say, well now, of course when I send that payment in, what's
going to happen to it? You're going to put it into your retirement account and
it's just going to earn what? Zero point something percent. So not much. What
if you just let your interest accrue? I'll pay you interest on that as well. So
then annually you can make them a single payment that incorporates both their
regular payment and the accrued interest. How cool is that?
I hope you've enjoyed this. This is very useful. It's made
me a lot of money and I know it can make a difference in your life. That's what
I love to do. This is what I live for. So I'd love to share more of my
valuable, profitable free tips. How can you get more? Just depending on where
you're seeing this. I want you to like it. Love it. Comment on it. Share it.
And share it to your friends as well. Thank you so much for doing that. And may
God bless. Have a wonderful day. Yeah, baby!
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Friday, May 1, 2020

Never Offer Collateral First, Only If The Lender Insists - Street Smart ...

https://streetsmartinvestor.com/101-cashflow-accelerator/never-offer-collateral-first-only-if-the-lender-insists-street-smart-cash-flow-accelerator-38-2/



Hi! It's Lou Brown. With another of my amazing 101 ways
for real estate investors like you to win, close more deals and accelerate your
cash flow. Today's tip is number 38. Offer, only offer collateral if the lender
insists. Now slow that car down and don't get too excited. In this series I've
been sharing with you about borrowing money, borrowing money without going to
banks and without qualifying for loans. That's my favorite way to borrow money.
I've got a whole system on this called borrowing volume six it's in my system
of training you how to become an amazing real estate investor and build a
terrific real estate business. You can find that by going to
StreetSmartInvestor.com click on tools and click on volume six Borrowing.
Now, what I'm sharing with you right now is the fact that
in some cases, in many cases the lender really doesn't care about putting this
against a particular property. Now I'm being very careful to share this with
you because I want you to be very, extremely, powerfully responsible around
when you borrow someone else's money that you are in a position to pay that
money back. And the thing that really makes it valuable is if you give a
mortgage against the property and that property sells, then you have to give
the money back because it's secured by that individual property. Well, what
that means is Mrs. Jones now got her money back and she's not earning anything
on that money while it's sitting there idle. Alternatively though, if you
borrow that money on a promissory note, then that money is earning interest the
whole time that it's out. So you put the promissory note with a period of time,
maybe it's one year, maybe it's three years, maybe it's five years, and during
that period of time you've got the freedom with that money to keep that money
working and you can make a lot more money on it.
So I hope you've enjoyed this. I hope this has been
valuable to you. I know it can make a difference in your life. It certainly has
in mine. I love to share with you more of my profitable tips. How can you get
more? Well, depending on where you're seeing this. Simply like it. Love it.
Comment on it. Subscribe. Share it with your friends. I would appreciate that
very much. Thank you so much. I'll see you soon. Yeah, baby!
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How To Get A Reissue Fee On The Property's Title Insurance - Street Smar...

https://streetsmartinvestor.com/101-cashflow-accelerator/how-to-get-a-reissue-fee-on-the-propertys-title-insurance-street-smart-cash-flow-accelerator-39-2/



Hi! It's Lou Brown. With another one of my amazing 101
ways for real estate investors like you to win, close more deals and accelerate
your cash flow. Today's tip is number 39. In this series I'm going to be
talking about when you're closing to purchase a property. So this is going to
be focused on areas that affect your bottom line with a thing called a closing
statement, right? So sometimes you go to a closing and all of a sudden you're
surprised by some of the costs that are on there. Well, it's because you didn't
manage those costs. So my suggestion for you on this tip is ask if you can get
a reissue fee on the title insurance. This is when your closing agent writes
for the same firm that issued the prior title insurance. So in other words, that
seller, when they purchased the property, likely also purchased a what's called
an owner's title policy.
Well, that owner's title policy has value. And if you can
update that, let's say that the seller bought the property five years ago. Then
the title company would only need to pick up where the other policy left off.
You see a title insurance policy essentially is the day of purchase, but not
going forward in terms of anything that might have happened to title after you
purchased the property. So when you purchased the property now, let's say it's
five years after your seller bought the property, well, they can go back just
five years and look to see if anything has been attached or any liens have
attached to that property since the last time they checked the title. Well,
that can bring a savings to you and to your bottom line. I hope that this has
been valuable to you. I know it's helped me and I've made a lot of money
because of that, so I know it can make a difference in your profits and I'd
love to share more of my profitable free tips with you. How can you get more?
Well, simply wherever you're seeing this, depending on where you're seeing it.
Just like it. Love it. Comment on it. Share it. And send it to your friends as
well. I hope to see you soon. Yeah, baby!
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Insist On Getting The HUD-1 At Least 24 Hours Before The Closing #40

https://streetsmartinvestor.com/101-cashflow-accelerator/insist-on-getting-the-hud-1-at-least-24-hours-before-the-closing-40/



Hi! It's Lou Brown. With another of my 101 ways for real
estate investors like you to win, close more deals, accelerate your cash flows.
And today's tip is number 40. Now in this series I've been talking about
closing your transaction and how you can make some additional profits when
you're closing the transaction. So this one is, Insist that the closing
company, closing attorney or title company, provide the closing statement to
you at least 24 hours before the closing. This allows you to look for mistakes
and negotiate fees. All right, so here's what typically happens at a closing.
You get to the closing, they kind of look out the door and they see that the
sellers have arrived and the buyers have arrived and then they go back in there
and they actually do the paperwork. Well, we don't allow that anymore. We've
learned that we might be sitting there for hours while they're putting together
the paperwork.
So what I've done years ago I started doing this is just,
simply telling the closing agent, Hey, I want to see those documents and I say
48 hours, but I'll really take 24 hours before the closing. What I want to do
is review those documents because almost always there's some kind of mistake on
there and I want you to be careful about that. It's very important. You got to
go over the numbers, do the calculations, do your own calculations, just cause
they calculated. It doesn't mean that the person that typed in the computer
didn't get interrupted or let's just say maybe not the sharpest knife in the
drawer. So let's be really cautious and careful and conscious about that
paperwork, particularly. Asking for it in advance gives you time to look at it,
get back to them, make changes, and then you can solve the problem.
Well, I hope this has been a value to you. It's made a
fortune for me in my career and I hope it's made a difference in your business
as well. I'd love to share more of my profitable free tips with you. How can
you get more? Just simply wherever you're seeing this, please like it or love
it or comment on it and subscribe. Share this with your network of friends as
well. Well, thank you. I hope that I will see you again soon. Yeah, baby!
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