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How Many Discretionary Trusts Can I Have?
The best kind of discretion you can have, you want to be able to have control over those various assets using this thing called land trust and personal property trust.
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.
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