Group Q & A 804080

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.”

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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.

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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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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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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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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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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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Group Q & A 315080

Bruce Beasley:

I’d like to welcome all of the Street Smart licensees to our group Q and A session for May 13^th, 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 16^th 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.

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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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Group Q & A 628080

Lou Brown:

Hello everyone and welcome back to another Street Smart installment of our Group Q and A, and I’m very excited to report to you as we do a bimonthly basis what the market is doing and right now the market is tumbling.  According to the Associated Press, Standard and Poor has reported that home prices tumbled by record amount.  Yeah baby.  This is good news.  A wildly watched housing index released Tuesday showed home prices dropping by the sharpest rate ever in the second quarter.  Standard and Poor’s Case US National Home Price Index tumbled a record 15.4% during the quarter from the same period a year ago.  The monthly indexes also clocked in record declines.  The 20 City Index fell by 15.9% in June compared with a year ago, the largest drop since its inception in 2000.  The 10 City Index plunged 17%, its biggest decline in its 21 year history.  No city in the Case 20 City Index saw year over year price gains in June, the third straight month that happened.  However, the rate of single family home price declines slowed from May to June, a possible silver lining.  The index creators said, “While this is no national turn around in residential real estate prices, it is possible that we are seeing some regions struggling to come back which has resulted in some moderation in price declines at the national level”, said David M. Blitzer, Chairman of the Index Committee at Standard and Poor’s.

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