Hi! It’s Lou Brown. I’m back with another of my 101 cash flow accelerators. And I love this segment. We’ve been talking about selling properties. And you know, in my business, I’ve been in this business for over 40 years. And when I think about the challenges of this business, it has always related to the selling side of the business. How can I get these properties so quickly for the lowest cost? And one of the methods that we came up with is the auction method. And think beyond just selling a property and getting a big fat check, but actually selling a property, getting a big fat check, and keeping it so that you’re getting monthly checks along the way as well. And that’s our world.
Have a plan of action such as a business plan before you start. Well, it’s a funny thing. I’ve worked with real estate investors all across the country and for many years I’ve been teaching since 1987 and one of the things I discovered is that a lot of people, whether they’ve already started or just getting started, don’t have a plan.