THE BLOG

Group Q & A 725080

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.

(more…)

March 31, 2009, By Lou Brown
|

Group Q & A 021170

Question:

How would you suggest a rookie get their first deal?

Answer:

This is such an important question for so many folks.  Because whether you been in business for a long time or your just getting started.  It is so important that you really rev up your buying machine.  That means that you have to do a significant amount of marketing in the beginning in order to get the attention.  In order to get the leads coming in.  In order to get the momentum in your business.  So, I recommend that if you do not yet have your marketing ordered.  If you do not yet have your marketing placed that is an appropriate use of time.

(more…)

March 31, 2009, By Lou Brown
|

Group Q & A 311090

Group Q & A January 13, 2009

Lou Brown:

Hello everyone and welcome back to another Street Smart Group Q&A where you’ve asked a lot of questions over the last few weeks and I have answers for you right now.

Before we get started, let’s talk about today’s economy as we like to do every couple of weeks and just say okay where do things stand now and what do things look like and what I’m seeing is that there is a great number of folks out there that really do want to buy property right now.

(more…)

January 13, 2009, By Lou Brown
|

Group Q & A 426080

Lou Brown:

Hello everyone and welcome back to another installment of our Street Smart Group Q and A.  You’ve sent in the questions over the last couple of weeks and I’ve got the answers for you.  I’m very excited about it.

Hey, if you’re not buying property in today’s market, you’re really missing an opportunity.  We’ve seen some great deals come across our desk in the last couple of weeks.  Imagine this, 24,000, 27,000, $30,000 deals.  We bought a couple of subject-tos as well.

(more…)

March 31, 2009, By Lou Brown
|

Group Q & A 601170

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 and commit a certain amount of time on a daily and weekly basis to allow yourself to be able to have the time to build your business.

(more…)

March 31, 2009, By Lou Brown
|

Group Q & A 721090

Group Q & A

Lou Brown:

Hello everyone.  And welcome back to another Street Smart Q&A where you’ve got lots of questions for this session.  And I just wanted to jump right in to it.  But first let me tell you a little bit about the economy and what’s happening right now.  Some amazing things are happening if you just take a look at refinancing right now.  What’s happening is truly amazing out there in the market.  Refinancing’s have caught fire, low rates are fueling the refinancing boom.  Mortgage lender’s phones are ringing off the hook as homeowners try and catch the lowest interest rate in years.  Some Atlanta lenders are offering rates below five percent on a 30 year mortgages.

(more…)

January 27, 2009, By Lou Brown
|

Group Q & A 511080

Group Q & A January 15, 2008

Lou Brown:

Hello everyone and welcome to a brand new year.  I’m so excited for you and I’m so excited for me.  I think this is going to be a fantastic year.  We’re going to see so much available opportunity over the next year.  You know it’s just incredible what we’ve seen happen over the last few months.  If you just check it out.  The ball started rolling back last June.

(more…)

March 31, 2009, By Lou Brown
|

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.

(more…)

March 31, 2009, By Lou Brown
|

Group Q & A 012090

Group Q & A

Lou Brown:

Hello everyone, welcome back to another Street Smart Q&A, I have a lot to report on this session and I hope you’re paying attention to this great market that we’re in.  You know, it’s amazing to watch how many people are saying how horrible and terrible and bad things are and we are just inundated with opportunity.  I hope you’re looking at this from the right way and not living in fear because this really can be a time that really “try men souls” as they say but the opportunities out there are just amazing.

(more…)

February 10, 2009, By Lou Brown
|

Group Q & A 921080

Group Q & A January 29, 2008

Lou Brown:

Well, hello everyone, and welcome back to another installment of our Street Smart Group Q and A where you are the questioner and I am the answerer.  And we’ve had an exciting couple of weeks since we talked last.  Our MAS, Maximum Asset Shield, has been completed this past weekend.  We had a great event.  Lots of excited people there; new faces.  We had a terrific information gathering and sharing and quite a few new things came out of that as well.  So, we encourage you to get to the next Maximum Asset Shield when you have an opportunity to.

(more…)

March 31, 2009, By Lou Brown
|