Hi! It’s Lou Brown. With another of my 101 ways for real estate investors like you to win, close more deals, accelerate your cash flows. And today’s tip is number 40. Now in this series, I’ve been talking about closing your transaction and how you can make some additional profits when you’re closing the transaction. So this one is, Insist that the closing company, closing attorney, or title company, provide the closing statement to you at least 24 hours before the closing. This allows you to look for mistakes and negotiate fees. All right, so here’s what typically happens at a closing. You get to the closing, they kind of look out the door and they see that the sellers have arrived and the buyers have arrived and then they go back in there and they actually do the paperwork. Well, we don’t allow that anymore. We’ve learned that we might be sitting there for hours while they’re putting together the paperwork.
So what I’ve done years ago I started doing this is just, simply telling the closing agent, Hey, I want to see those documents and I say 48 hours, but I’ll really take 24 hours before the closing. What I want to do is review those documents because almost always there’s some kind of mistake on there and I want you to be careful about that. It’s very important. You got to go over the numbers, do the calculations, do your own calculations, just cause they calculated. It doesn’t mean that the person that typed in the computer didn’t get interrupted or let’s just say maybe not the sharpest knife in the drawer. So let’s be really cautious and careful and conscious about that paperwork, particularly. Asking for it in advance gives you time to look at it, get back to them, make changes, and then you can solve the problem.
Well, I hope this has been of value to you. It’s made a fortune for me in my career and I hope it’s made a difference in your business as well. I’d love to share more of my profitable free tips with you. How can you get more? Just simply wherever you’re seeing this, please like it or love it or comment on it and subscribe. Share this with your network of friends as well. Well, thank you. I hope that I will see you again soon. Yeah, baby!
If you want to listen to our Podcast, click here:
