Do It Yourself Wills and Trust
I’ve been buying, holding, and selling property now for over 40 years!
One of the things I learned about early in the game is trust.
These are powerful, they can be profitable, and they can provide privacy, and they can provide probate avoidance.
What’s important to note is that there are about 30 different kinds of trust.
Irrevocable Trusts Pay Taxes
I’ve been using trust since 1984. One of the things people ask me is if irrevocable trusts pay taxes.
The answer is…it could. Depending on what you take advantage of when you set it up.
There are some very interesting opportunities available in certain irrevocable trusts.
Community Land Trusts
Privacy, Protection, Probate Avoidance, and even PROFITS!
Do Irrevocable Trusts File Tax Returns?
I’ve been using trust since 1984. Best thing on the planet.
And when people ask me if irrevocable trusts file tax returns, the answer is yes they do.
Do Irrevocable Trusts Avoid Probate?
My name is Lou Brown and I’ve been doing trusts now since 1984. My answer is if you set it up correctly, then definitely irrevocable trusts avoid probate.
Do Family Trusts Work?
The answer is, absolutely! It’s one of the best things you can do for yourself and your family. It’s an important step to take to protect the assets for generations to come.
I got a FREE book here that you can download to learn more about how to do this.
Hi! It’s Lou Brown. And I have been providing to you a number of different videos about the kind of like bits and pieces of tips and trade secrets that I’ve discovered over 40 years of being in this business of buying, holding, and selling property. And I hope it’s been a benefit to you. And one of the things, and this is kind of a bonus, but to have a successful business, it’s a great idea to have a mission. What is your mission in life? Is it just to make money for yourself and your family? Or would you like to make a difference to help others?
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.
Hi! It’s Lou Brown. I’m back with another of my 101 cash flow accelerators. And this one is “Selling your property using the auction method”. Now when you auction off property, it’s amazing what happens. There’s a psychological effect. People get excited. They’re bidding against someone else. They want to win. The competitive spirit kicks in. And by gush, they want to win. So they’ll, in many cases offer more than they typically would have if there was no other competitor for that property. So you want to consider doing that. And I’ve got that in a system called “Auction Profits”. And in the profitability of creating an auction, it’s a phenomenal way that you can get your property moved. You can get it moved for the price you want. And in fact, reduce a lot of your costs.
Hi! It’s Lou Brown. I’m back with another of my 101 cash flow accelerators to help you build an amazing and highly profitable real estate business. And one of my favorites is what we’re going to talk about right now. It’s called “Work for Equity”. AKA Work for Credit. And what happens is that when people come along in our world, we give them the opportunity to do some, all, or none of the repairs to the property. So what happens is instead of going in and doing a full-blown renovation, we offer our clients the opportunity to earn credits towards their down payment or move-in fee. And as a result of that, then they’re able to save money. And more importantly, they’re able to choose what they would like to do with the home. That means their colors. You know, probably when you moved into your house, you changed the colors on the walls, guess what they want to do exactly the same thing.