THE BLOG

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 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 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 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 521180

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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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 321070

Group Q & A January 23, 2007

Lou Brown:

Question:

Which is the first action to take to start your business?  Build a buyers list or obtain properties?

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March 31, 2009, By Jeff Carroll
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Group Q & A 812170

Question:

Velva in Apoca, Florida says, Happy Holidays Lou, the Brown family and wonderful staff.

She says, recently you advised if a Tenant Buyer is going to lease option and only has $3,000 down to take a Promissory Note for $10,000.  How much time would you give to pay back that Note and how much a month?

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March 31, 2009, By Jeff Carroll
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Group Q & A 216070

Question:

We’re going to go with getting started.  James McClendon says, no investment money, bad credit; how can I get started?

Answer:

Well, James that’s a fantastic question and the answer is, follow the system.  It’s just that simple.  If you follow the system, generate the leads…and of course, if you don’t even have money for generating leads, then you’re going to have to spend energy.  It’s an energy-money exchange.  The more money you have the less energy you have to give to get leads.  The less money you have the more energy you’re going to have to give, James.

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March 31, 2009, By Jeff Carroll
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Group Q & A 320170

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.  He’s willing to pay a 5% option fee, but wants to know what percent goes toward the purchase price.  Thanks.

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March 31, 2009, By Jeff Carroll
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