Author: SSIAdmin

Question: The first question comes from William Edwards who says:  How do you start part time. Answer: Well William, here’s what I’m recommending.  I understand that you’ve got all these commitments and all these distractions in life particularly when you’re working with someone else, so what you want to do is be able to calendar… Read more »

Question: Joe was asking a question; I’ve looked through everything I have but I didn’t notice the answer if it was there.  What percent of the monthly rent and option fee go toward the payoff of the house?  I’m working on a lease-option deal now for one of our houses.  The house is worth $250,000. … Read more »

Question: The reason for this note is to inquire how to handle this wonderful situation I have pending.  We have a $269,000.00 house currently in the owner financing rent to owner category.  We have an interested couple with $15,000.00 to put down and able to pay $1,500.00 per month.  As you can see, the down… Read more »

Question: What do you say to mortgage companies like Auquin when you know what the BPO came in at, and the mortgage tells you a different amount.  On a deal I was doing with Auquin I knew for a fact that the BPO came in at $49,900, right where I wanted it to, and Aquin… Read more »

Question: Let’s start off with a management question this time and we hear from John Meddle, and John says:  How is a promissory note for a lease option structured?  For example, a $2000 note at 15% interest: A:  Would it be all due as a sum at the end of the length of the note,… Read more »

DQuestion: There is an empty house in my neighborhood.  The tenant who had a life lease died recently.  This home would make a great investment property, perhaps a sandwich lease option…maybe even owner financing deal.  I would like to contact the owner to discuss various opportunities.  In your opinion, is it best to approach the… Read more »

Question: Let’s start with Feridune on a trust question.  He says hi Lou.  Hope you can answer these questions.  I have 15 four plexis in Nevada and have a few questions about them.  What software do you recommend for tracking the income expense of these 60 units? Answer: Well first let’s start with your property… Read more »

Question: Bernardo who says he has a short sale question, how to get the lender short sale approval in a down market when the BPO is higher.  Now for those of you on the call who don’t know what a BPO is, that’s a broker price opinion.  That’s what the lender has ordered from a… Read more »

Question: Let’s jump on in with Carol and Joan Bowser who have a question:  Dear Lou, we are so excited about the real estate business.  We wanted to learn all we can to help others.  Our questions are:  How important are short sales in negotiating with the seller?  It seems like a lot of additional… Read more »

Question: The first question is from Jean and Bob Clark they sent…they asked about louisbrown.com.  We are just getting started how do we get into the member part of the web site. Answer: Well Jean and Bob you’ll go to…you’ll click on user name and insert the words student S-T-U-D-E-N-T and the password is the… Read more »