Hi! It’s Lou Brown. I’m back with another of my cash flow accelerators. In the last episode, I was talking about substituting yourself as the lender. And you might ask yourself, how would that work? Well, it’s pretty cool stuff because basically, you’re not lending cash, you’re not lending money as a traditional lender would. You are lending equity. And it’s called a Purchase Money Loan. And that’s what would happen if you substitute yourself as the lender. And so one of the things we do in our world, we don’t give people the deed to the property depending on how much down payment they have, of course, if they’ve got a sizable down payment, we will give them the deed. But if they’ve got a limited down payment, say 10% then we’re going to have and give them what we call an Agreement For Deed.
So that’s not the deed to the property. That’s an agreement for deed. And that’s something that can really change your life. Because now you still got control of the property. If anything goes wrong, you won’t have to go through a traditional foreclosure or it’s less likely that you would have to go through a traditional foreclosure.
So hopefully that’s of help to you. You can learn more about how to do this amazing thing called being the lender in my Volume 10. Owner Financing. I’ve got CDs. I’ve got the paperwork. I’ve got the step-by-step processes. It’s really powerful. I encourage you to check that out. My name’s Lou Brown. Been in the business for over 40 years. Check us out. StreetSmarInvestor.com see you soon. Yeah, baby!
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