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Lou Brown:
Hello ladies and gentlemen, and welcome back to another installment of our Street Smart group
Q and A, where you ask the questions and I give you all the answers. I’ve had an exciting last couple of weeks. We had our Millionaire Deal Maker event, also been to Ohio for a three day stint there. Lots of great turned on investors that say, “If you’re not turned on about today’s market, you’re missing the opportunities that exist.”
Lou Brown:
Hello everyone. Welcome to another installment of our Group Q&A where you become Street Smart on all the ways to buy, sell, and hold properties, and also how to protect your assets. We have been excited over the last few weeks about how the market is going. I know a lot of people are afraid of how the market has been and all the negative news that the newspapers are doing right now. I want everyone to keep in mind that the newspapers are trend setters not trend followers. In many cases, they create the trends in order to have something to report. By that I mean, they often say things that are not quite the way things really are. They make it seem like everything is dropping like a rock and that things are absolutely horrible. Taken as a whole, our country’s economy is not doing all that bad. We do have to consider gas and we do have to consider inflation. Those are two issues that face us.
Bruce Beasley:
I’d like to welcome all of the Street Smart licensees to our group Q and A session for May 13th, 2008. And you can tell already that this isn’t Lou Brown. This is Bruce Beasley. I’m sitting in for him while he vacations in Mexico. I thought I would start out by giving you a little bit about my background. I’ve been working with Lou since 1992, so that makes this our 16th year together and helped Lou develop the entire Whole Enchilada Series and am a real estate investor in my own right. I’ve bought as many as 82 properties in a single day and I currently hold 34 properties, most of which are…well, they’re all single-family houses. About two-thirds of them are out on Lease Option and 11 of them are out on Agreement for Deed. I am co-author with Lou on the Lease Option course and on the Agreement for Deed course and I’m a contributing editor. And that gives you a little bit of a background. I spent 20 years as an airline pilot and so checklists are a way of life with airline pilots and that’s where a lot of our checklists philosophy comes from.
Lou Brown:
Hello everyone, and welcome back to another installment of our Street Smart Q and A. Where you have sent me a ton of questions. 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. Tell you that, I think that, 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.
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.
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.
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.
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.
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.
Lou Brown:
Hello everyone and welcome back to another Street Smart Investor Training. This is our Group Q and A that we do twice per month and I welcome you to take a look at what’s happening in the marketplace this time. Isn’t it amazing when you just look at the craziness of the stock market and you look at the craziness of the things that they’re doing to investors? We just smile and wave when we know that our Street Smart System works beautifully in this market. In fact, it works better in this market than it does in a buyer’s market. We’re just so excited buying properties. We have several Subject To’s that we’re closing this week. We have several that are owner financing and probably by a week from now we’ll have five under contract.
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