Street Smart Borrowing gives you the financing tactics, strategies and techniques necessary for success in the real estate business. This training reveals the ins-and-outs of how and why to use various strategies to supercharge your income from your real estate investments, costing you less on every deal you make, therefore increasing your profits on every deal!
Do You Need Credit to Be Able to Borrow?
The short answer is, it depends. If you choose to buy real estate the traditional way, you’ll need credit to borrow money to buy with. That is unless you have great piles of cash lying about and don’t understand the magic of leverage. Traditional buying involves qualifying for new institutional (bank) financing, usually a new 30-year loan. The interest rate and discount points charged are based on the creditworthiness of the borrower. The worse the credit, the more you pay. What could have been a good cash flow generator breaks even or loses money when the investor (borrower) has bad credit! Good credit is the foundation of many investors’ road to wealth because they intend to go to the bank and qualify for a loan to buy the property.
You Can Buy Property If You Have Great Credit or If You’re Dead Broke With NO Credit
In the Street Smart™ system, we have many ways to buy that eliminate the need for credit and qualifying for a loan. Sure, in some cases you might want to use bank financing. If you plan to ever use the bank (institutional lenders) to qualify for new financing at favorable rates then paying attention to it will make all the difference as you grow. But you don’t need good credit or any credit if you follow my Street Smart™ strategies.
Decades of Proven Results – Thousands of Deals
Lou Brown has been in this business since he bought his first investment property in 1976, at
the ripe old age of 19 – with no credit at all! During all the years since, he’s been party to hundreds of transactions and never had to go to the bank for the financing necessary to put those deals together. Why? He uses the seller’s equity, the seller’s existing financing, or private money lenders to make the numbers work. Interestingly, sellers rarely ask for any proof of credit status. Learning the skills to properly and profitably craft deals and the financing to buy them is critical to your success.
This Course Will Be The Most Powerful Resource For Boosting Your Net Worth
In the pages of “Borrowing”, you’ll discover the various loan types available and how and when to use them. You’ll contrast fixed-rate vs. adjustable-rate loans and see how and when to use private money lenders. You’ll discover the secrets of using seller financing and how to clean up credit to raise credit scores – yours and your buyers.
In Street Smart™ Borrowing you’ll get specially designed calculators that are built around the Street Smart™ profit centers we teach. They will be on the computer forms disk to make it easy to get the numbers quickly. You should, however, have a basic understanding of the use of a financial calculator, as we’ve included this and some problems for you to solve so you’ll have a clearer understanding of the power and effect of terms and interest on your bottom line.
“Lou’s system provides way to do deals other investors can’t. Especially houses that have negative equity.”
“By far the best, most complete program available buy everything. Do what it says, repeat, repeat, etc -> Buy it you won’t regret it.”
“There is so much that I don’t know but it i s great that Lou will teach us what we need to know. He has done the work: so what we don’t have reinvent the wheel.”
“Thank you Lou, for helping us to not only learn about Asset Protection, but more importantly, how to apply it.”
“This is a focused effort towards my business. It has helped me beyond what I thought it would.”
“Since joining Lou’s training we buy an average of 1 to 2 properties per mo. We have followed Lou’s program to the letter and now have 26 properties.”