THE BLOG

Group Q & A 909080

Lou Brown:

Good day everyone and welcome back to another installment of our Street Smart Group Q and A where you have the questions and hopefully I have the answers. With 30 years experience I can guarantee you I have a good shot at it. To update you on the current market as I usually do on these Group Q and A calls let me just say hooray, hooray, the government has taken over fanny may and Freddy Mack. These were already ___(27) governmental agencies and over the years the government who had originated these corporations passed them on to private enterprise and remained in some limited amount of control over those two institutions. The government created these two institutions in order to have a free flow of money from the financial markets to back up people giving mortgages. So, it was the thing that created a tremendous housing boon in this country where it was difficult to get mortgages but when they created a back up buying unit to take those mortgages off the originators hands it created a tremendous growth in housing in this country. Now the government has taken them back and the government says wait a minute these private enterprise folks did the wrong thing. Which we all know they did. They bought mortgages they should not have bought. They allowed lenders to do all kinds of strange and exotic lending that they should not have done.

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March 31, 2009, By Jeff Carroll
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Group Q & A 016080

Lou Brown:

Hi everyone and welcome back to another installment of our group Q and A where you get more street smart every time we meet.  I always get excited about our group Q and A because I am think that you have sent in these questions for a reason because you did not have this information and I always know that knowledge is power.  You have probably heard that term before and there certainly could not be truer words said then that.  So, we are giving you more knowledge and these questions are going to be answered by the end of our call and it will be a wonderful thing that you will have new power and new gained knowledge because of this.

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March 31, 2009, By Jeff Carroll
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Group Q & A 329080

Lou:

Hi everyone.  Welcome back to another installment of our group Q and A.  Where you have the questions and I’ve got the answers.  We’re going to have a great time today.  We’ve got a lot of great questions.  I want to start with _____.14.  He’s got a question that I was going to cover in preview and I’m going to go ahead and read his question and give you the answers based on current market conditions.  We got a lot of questions.  This particular time about market conditions, so let’s do spend some time on this.

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March 31, 2009, By Jeff Carroll
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Group Q & A 227080

Lou:

Hello everyone and welcome back to another installment of your Street Smart Q and A.  We’ve had a ton of questions over the last couple of weeks which I hope is indicative of your activity.  In today’s market we are seeing so much excitement, so much generation.  In fact, we have bought properties at auction over the last few weeks.  We have bought properties from people coming in off our signs.  We’ve had people coming in off the sign in front of our building.  We’ve got signs out all over the county and people are calling.  We’ve gotten over 40 leads in the last week just from signs.  We’ve gotten a ton of calls from our marketing, the Done for You marketing, where we’re approaching absentee owners, and also, probates, and several different things.  We’ve got a lot of excitement going on in our office.  A lot of things happening and houses being bought.  That’s exactly what needs to be happening in your business, too.

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March 31, 2009, By Jeff Carroll
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Group Q & A 410180

Lou Brown:

Hello everybody and welcome back to another installment of the Street Smart group Q and A.  Where you have sent me some really interesting questions over the last couple weeks and I’m including those in today’s recording.  I’d like to take this opportunity to always update you on my thoughts on today’s economy and how we fit into it.  It’s been very interesting over the last few days that the government gets it as far as I’m concerned.  They understand that today’s economy is so critical based on people’s psychologies.  If you think about it psychology is really such a big part of the fear factor.  What was the psychology of the big growth in real estate that oh I’ll go ahead and invest in real estate now and I’ll get some of this huge appreciation that’s going on.  If you recognize how I teach you, we do not buy on appreciation; we do not sell on appreciation.  Our whole game is based on a long term strategy and either making money today on a quick turn flip or long term on a hold.  So we don’t look so much at future appreciation and big swings in the market.  We just say slow and steady at the helm.  Because the helm is really where the risk is and it’s also where the rewards are long term.

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March 31, 2009, By Jeff Carroll
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Group Q & A 322180

Lou:

Hello everyone and welcome back to another session of our Street Smart Group Q&A.  You sent me a ton of questions.  Before we get started I Just wanted to say that this has been a fantastic year.  I hope it’s been a great year for you.  Taking a look at what is happening in our economy; a lot of people are running scared.  It’s just truly amazing how many questions I get about today’s economy.  So let’s talk about it for just a second and say, I hope you are looking for houses right now and I hope you are finding them.  Because sellers are willing to do things that they haven’t been able, or willing to do for many, many years.  Right now, there is a lot of them that are motivated having sat on their properties.  Having waited for the market to come back, and now discovering that the market is not there, and it is not coming back for a while.  Sellers are backing up.  To give you a story, we just bought condo and many of you have heard me at jump-start, explain that I am not crazy about condoms and we are not interested in buying condos.  The only way I will by a condo is if it’s very cheap.

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March 31, 2009, By Jeff Carroll
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Group Q & A 902180

Lou:

Hell, everyone, and welcome to another Street Smart Group Q and A.  Tonight, I’ve got a very special treat for you.  We have a Mastermind meeting going on right now in Atlanta, Georgia.  Many of you have heard about our Mastermind Program and now you have an opportunity to actually hear the Masterminds at work.  What I’ve asked them to do is actually be the questions this week and come up with questions that I haven’t seen and I don’t know the questions.  They can present them to me and I can give you the answer.  You’re going to get the benefit of hearing exactly what’s on their mind and the answers to those things tonight.

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March 31, 2009, By Jeff Carroll
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Group Q & A 807080

Lou:

Hello everyone and welcome back to another installment of our Street Smart Group Q and A.  This is Lou Brown, and I’m here to give you my words of wisdom on what’s happening in real estate over the last couple of weeks and what’s going to be happening in my crystal ball over the next few months.  Also, to answer all your questions that you’ve submitted to us over the last couple of weeks.

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March 31, 2009, By Jeff Carroll
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Group Q & A 820180

Lou:

Hello everyone and welcome back to another installment of our Street Smart Q & A where you have sent me a ton of questions that I’m excited to answer all of them for you.  Before we get started, let me just recap what’s happened over the last couple of weeks in our economy, and tell you that I think a lot of things are on hold right now waiting for the elections.  I don’t think it’s really going to make a difference who gets elected in terms of things turning around.  I just think that a lot of things are on hold.

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March 31, 2009, By Jeff Carroll
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Group Q & A 111180

Lou Brown:

Hello everyone and welcome to another Street Smart Group Q and A where you send in a number of questions that I plan to get to today, but first I wanted to update you on the latest that I’ve heard on the neighborhood stabilization program.  You know it’s amazing what our government is doing right now to try to stabilize the incredible housing market, and I say incredible because it’s great for us.  We’ve got so much opportunity to put folks in homes and give them an opportunity to someday own that home with our program.  Remember that our program really provides that, rather than just being landlords we give people an opportunity to someday own that home and as a result of our rent to own and owner finance programs it really attracts a whole different group of people with a whole different mindset.  Better quality folks that are willing to buy properties in better neighborhoods.  They’re willing to give us money down.  They’re willing to take properties in as in condition and do work in order to earn credits.  They’re willing to stick with us.  They’re willing to make payments on time.  They’re willing to take better care of their property and all these things come as a result of your offering a program that is desperately needed in today’s economy.

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March 31, 2009, By Jeff Carroll
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