Hi! It’s Lou Brown. With another one of my powerful 101 ways for real estate investors like you to win, close more deals, and accelerate your cash flows. Today’s tip is number 19. Build an extension into your contract. Now, build an extension into your contract. What does that mean? So I’ve been talking in this series a bit about a thing called a standard real estate purchase and sale agreement. And I’ve seen what sellers do and I’ve seen when they don’t do what they’re supposed to do. And I’ve seen that they can pull back on you and cause you a lot of expense and a lot of loss of money because you could have gotten a title search, you could have spent money getting a survey. Maybe you had the home inspected, it’s a lot, it’s a lot. You could have invested by the time you get to the closing.
Well, what if they just wait you out? What if they waited to the date of expiration of your contract and all of a sudden you lose and they win because they all intended to do is to sell it to somebody else who was offering more money. Well, what if you had the never-ending contract? And I’ve got a great clause, a clause number six in my purchase and sale agreement, it says, “Title examination, place and time of closing. If title evidence and survey show seller is vested with a good clear and marketable title subject to permitted title exceptions contained in a national title insurance company commitment at its standard rates permitted exceptions for restrictive covenants, leases, survey, current taxes, zoning ordinances, and easements of record, the transaction will be closed and the deed and other closing papers delivered on or before the blank date of blank and that’s the year plus any extensions necessary in order to complete the paperwork”.
Now I’ve got some other things in here, but the important thing is we just created what I love to call the never-ending contract. And it’s built into the paperwork. If you’d like to have that contract, if you’d like to have my whole buying system, I can tell you that it has certainly changed my life. It’s what I’ve been using for years. It’s what my licensees all across America in all 50 states. Use this amazing contract. You can find out more about that by going to StreetSmartInvestor.com go to tools and click on buying volume one. Love to get you on board and give you also as a bonus. Two tickets to my upcoming Millionaire Jumpstart.
I hope you enjoy this. I hope you’ll use it. I hope it will make a difference in your profits. I’d love to share more of my profitable free tips with you. How can you get more? Well, depending on where you’re seeing this. Please like it. Please love it. Comment on it. Share it. Subscribe. Let others know about us. And thank you for watching. And I hope to see you soon. Yeah, baby!
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