Do you think that Lou made these 14 inspections?
There is no way that he will be able to do 14 inspections and do other things that he needs to do.
This is the importance of building and having a team.
A team that understands the program and what you are trying to accomplish. Someone that knows their position and role so that they can perform their job effectively.
Gear yourself towards a business that operates likes a business. Do not wear all the hats. Learn to trust a team.
Watch this video and learn more about how to have and work with a great team.
Lou Brown has training coming up it’s available at www.WealthBuilderWorkshop.Online
It’s an all-day training in the comfort of your own home where Lou is going to teach you how to find a buyer before even finding a property. He’s also going to teach you how to protect all your assets using land trusts and personal property trusts.
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Discover how to start investing in real estate at Millionaire Jumpstart.
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* 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.
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* 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.
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Having Tenants Leave Your Property in Better Condition than When You Gave It to Them
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Hi! It’s Lou, you know, the last video I was talking about inspections and our whole process in doing inspections on the properties, to make sure of the condition of the property and making a business decision about whether we’re going to continue to do business with the folks that are occupying the property. You do not want your houses to fall into disrepair. You want to know what’s going on with them. Houses do change. The nature of a house is it’s inside an atmosphere. That’s constantly changing, you know, heat, cold, rain, different things, cause failures to houses from time to time. So, we want to keep our eyeballs on those houses. We want to know what’s going on, in the world of that house and the people that are occupying it. So, one of the things we do is those inspections and someone was asking me, well, how often do you inspect?
We inspect once a year and last week we did 14, for example. So, did I go out and do 14? Oh! No, baby. There’s no way I can do 14 inspections and do everything else I do. Now, this is the importance of getting your head around, building a team, building a team of folks that understand the program, understand what you’re trying to accomplish, know their position and their role in that and do their job and do it very effectively. So, we have a team member G, he goes out and does these inspections for us. So again, we do our notification of our resident, give them a list of things that we’re going to be looking at. Then, our inspector goes out, when our inspector is looking for is a whole variety of things that are covered in the other video. And we’re going to share with you some things here.
And the importance is to understand that, if I had to do those 14 inspections, they probably wouldn’t get done. That’s just the truth of it, right? Because we have so many things coming at us on a daily basis that are entrepreneurial based. For example, we have opportunities to talk to sellers. We have opportunities to talk to buyers. We have opportunities to talk to real estate agents and mortgage brokers and other people that can become members of the team. And our job as business owners should be focused on building that team. And the reason I say that is because ultimately the goal is the four hour work week. And that’s what I teach at the mastering business advancement class is, Hey, gear yourself towards a business that operates like a business where you’re not wearing all the hats. And that’s one of the things you start off with as you are wearing all the hats, but the idea is as quickly as possible to get enough inventory and enough momentum in your organization, that you can start taking off some of those hats.
And it was fun that just this past Sunday night, we inducted a new member of our Millionaire Club. And in just 18 months, he’s acquired 21 properties and all of it, the street smart way, doing things the way we do things and creating for himself over $12,000 a month cashflow. And you know, those are all possibilities that are out there in the world, but you’ve got to apply yourself. And the funny thing he shared with me when we were done is that he only spends five to six hours a week on his business, in the real estate world, because he’s got two other full-time businesses that take his time. But what he’s looking for is an escape from that, because those are retail businesses. He’s dealing with the public, he’s got 20 employees, he’s got lots of stuff going on over there in that world.
And he’s looking at real estate as his escape hatch, his way to build up a dependable, predictable retirement income that provides ongoing cashflow on a monthly basis, that he can now put himself in a position to have equity, working for him on a daily, weekly, and monthly basis. And so, that’s what can happen when you acquire enough property and you build yourself a team that’s out there going and doing the things that you don’t have to do. I love the opportunity to have folks living in our properties that get up and go to work. So you don’t have to. And it’s only because you got the right training, the right tools, the right technology and the right team to make that happen. And I want to apply for a position on your team. I would love to be a coach, a mentor, someone to help you structure an amazing multi-million dollar business. I look forward to seeing you soon. Yeah! Baby.
