Are You A Landlord? Let Me Help You With Your Collections!
Lou Brown has been in the real estate business for more than 40 years. He used to be a landlord thus he knows the struggles that they are going through. In this short video, Lou shares his new system that would greatly help all the landlords.
Need to learn more? Watch this short video and learn from Lou different strategies on becoming a successful Street Smart Real Estate Investor.
For more valuable information click on this link and watch the complete episode: https://youtu.be/LO-_HvvXE2Y- “Here is How to Thrive As A Landlord ”
If you are JUST getting started in real estate investing, you NEED to attend my ONE-DAY virtual training. I teach it LIVE over ZOOM, and it’s only $1 (yes, one dollar) for SIX HOURS of solid how-to training! https://www.wealthbuilderworkshop.online
If you’re ready for a more in-depth experience, then you owe it to yourself to investigate my THREE- DAY Millionaire Jumpstart Event. I host it four times a year in various locations, and you can attend LIVE and in person. I’m your coach all three days. Find out more at https://millionairejumpstart.com/
You’ll discover how to start investing in real estate (or do it easier and more profitably) at either Wealth Builder Workshop or Millionaire Jumpstart.
Here is an overview of my proven and practical approach to investing in real estate.
* Money Making Secret #1: Getting Motivated Sellers to Call You! No more calling unmotivated sellers and getting rejected more times than a geek for the high school prom!
I’ll show you how for over 28 years, I’ve been able to get deals brought to me and motivated sellers hunting me down to give me their house.
* Money Making Secret #2: The Art of Structuring Deals! I’ve been doing this for 40 years and I love to share how I get sellers to give me the house, a check, and even a jet ski or two.
* Money Making Secret #3: Negotiating Secrets Revealed! I love to negotiate, just ask Matt, one of my hand-picked coaches. We recently went to an estate sale and he witnessed me structuring a deal to buy the house and contents right there on the spot.
* Money Making Secret #4: Trusts Simplified! A little confused on this entire Trust thing? Why to do it? How to do “Subject-To” safely? I’m going to show you my new fundamentals of Trusts training that will simplify the concept of Trusts, so a 9-year-old child can understand it.
* Money Making Secret #5: Develop a Plan for Success in Real Estate. The wealthiest man ever to walk the earth left clues for us on how he amassed his great wealth and kept it.
How to Help People While Helping Yourself – Become a Certified Affordable Housing Provider™
Create Your 10 Million Dollar Retirement Plan – specific formula revealed
Learn Hidden Profits Available in ANY Deal – worth thousand$
How to Take Over the Seller’s Loan with NO Money
How to Have the Seller PAY YOU to Buy Their Home – no kidding!
Buying Without Bank Loans – over forty years and never one bank loan!!
Easy Ways to LEGALLY Raise Big Money for Your Deals
Renovations – Quick Ways to Safely Make Huge Cash Now
Money-Making Management Secrets from a 40 year veteran who manages over 150 now
Accelerating Your Cash Flow – Add built-in “Profit Centers” – extra hundred$ per month
Case Studies: Secrets of How They Were Found, Negotiated and Sold
How to Protect Your Deal from Someone Else Stealing it
Legally Pay ZERO Taxes on Your Real Estate Portfolio – simple structure worth thousands
Having Tenants Leave Your Property in Better Condition than When You Gave It to Them
Why Land and Personal Property Trusts are the Best Privacy and Asset Protection
Benefits of Trusts You Cannot Get With ANY Other Entity
The Due-on-Sale Clause – What it is and How to Avoid it Legally And MUCH More
Need help deciding which power-packed “one-of-a-kind” training on making money in real estate investing is best for you!
Call 1-800-578-8580 or visit us online at https://www.streetsmartinvestor.com
Listen to our Podcast:
Street Smart Real Estate Investing With Lou Brown
There is such a powerful and important thing going on right now.” And if you’re like a lot of landlords, you are struggling with certain collections. Now, maybe all of your people are paying and maybe you’re not having any issues at all. Well, let me tell you what I’ve been able to help a lot of people within their businesses. It is a game-changer. It is something different. It is something unique.
It is something that most landlords are not doing. And it is something that I introduced to my team and my licensees several years ago, maybe five, six years ago. And it has transformed a lot of people’s businesses. And that is collections. Now we all know that collections are a part of our business. And certainly if one of our residents does not have the money to pay, well, that’s a problem for us, isn’t it? Because we use their money, of course, to pay our mortgage payments, to pay property taxes, to pay insurance. We use that money to be able to forward the business and sustain the business. And hopefully, there’s enough leftover for you to buy some groceries with it. Some other great things. Well, one of the things that I came up with is the fact that we actually put our residents in a challenging position.
Think about it this way. Every month the rent is due, right? It’s a chunk of money. And for some of our residents, it’s their whole paycheck. They talk about Whole Foods being whole paycheck. No, it’s the rent is the whole paycheck. Now, imagine that there was a solution for that. So I started looking and I’m always looking at my residents. I’m always looking at how I can help them. I’m always looking at how I can support them. I’m always looking at how I can make their life better. And one of the unique things I developed was a way to actually get direct deposit from their job. So what that means is if your residents are paid weekly or biweekly, well, they’ve got that income coming in. Now imagine this, that every month, excuse me, every pay period, a certain amount is taken out of their pay and direct deposited into your bank account.
And this is one of the big solutions. I’m looking at your paycheck, I’m looking at your income and thinking about how we can create a distinction in your world that will cause your world to be safer and better. And here’s what can happen. Now, imagine, we see what the government does, right? On W-2 income. They take their portion before you ever see your pay. Well, that’s a pretty good project. That’s a pretty good program. Why not you doing the same thing where you propose to your residents, “Hey, every pay period, there’s an amount coming out that’s direct deposited into our account and we’re giving you credit for that.” Now, think of it this way. What if your rent is a thousand dollars a month? Now? What if, now, every pay period $500 is paid directly to you? Well, what does that do?
In 12 months, you’ve collected your whole paycheck. In fact, you’ve collected 13 months when you’ve collected it at $500, every pay period, if they’re paid every two weeks, which a whole lot of people are. Now, we think of it this way, that you got 26 paychecks coming in, instead of 12 checks coming in, you got 26. What does that do for your resident? Well, we tell our resident, we’re actually over-collecting by doing it this way. And here’s, what’s good for you. By the end of a year, we’ve actually got an extra month on hand. Now we can use that extra month as a lifesaver account. And what that does for you is, if you ever hit a bump in the road, it hit a job loss, you hit a snag where you just can’t make the payment that month. It’s not a problem because we already have a month on hand.
And after two years, you got two months on hand. And after three years, you got three months on hand. Well, what can they do with that money? That now becomes money that they can use if you want to sell the property to them. So that’s another thing we do on our Path To Home Ownership Plan, right? We want our residents to have the opportunity to buy your house or a different house. We’re helping them to build up their credit. We’re helping them to build up their down payment. We’re helping them to build up a future. So if you’ve helped them to now accumulate that extra month per year, that’s money that can be used for down payment. And we tell them, “This is your money. We can gift this to you, give this to you, whatever the case may be.” But they’ve got money on hand to protect their future. And you’ve got money on hand to protect your future as well. So hopefully you love that idea. And there’s many more actually that I share with you at our trainings.