by Lou Brown
I’m fed up!
I usually don’t get this angry, but thousands of good,
well-intentioned investors are getting duped right now – and it’s costing them
a fortune. I call it the BIG FAT LIE!
You may soon get suckered too …
What’s got me so fired up?
Everyone, and I really mean EVERYONE including irresponsible
investment gurus (you know the ones!), the media, the talking heads on the TV
talk shows, the fat-cat Washington insiders – are all trying to get you to buy!
Buy foreclosures! Buy bank-owned properties! Buy wholesale! Buy! Buy! Buy!
But how are you going to make your money back?
That’s right. You’ve got to SELL the property or at least
hold it and make your money back over time (which is the method I prefer; it’s
like getting a social security check every month).
But no one is talking about how to sell and it’s costing
many investors their homes, their careers and their families. It’s awful to
see. I know what’s it like because I’ve been there. Growing up in an old
apartment with just my mother, we had a Samsonite card table for a dining room
table that we paid for with green stamps. I thank God every day I’m no longer
living in poverty thanks to my real estate investments.
But others are not so fortunate right now. I’ve got one horror story after another such
as the deal Anthony Walker went through just recently.
He bought a property for $47,000, spent another $19,000 on
new floors, cabinets, toilets, doors and did all the painting himself. That was
exactly ONE YEAR AGO. Since then, it’s sat empty.
His first real estate agent was his daughter. Imagine firing
your own daughter? “It was painful, but I had to do it,” Mr. Walker says now.
Another agent, who sold 100 homes the year before, didn’t do any better either.
Meanwhile, he was losing his shirt.
He was paying $825 a month in interest for the first 6
months and $1,400 every month afterwards. “I saw all this profit I thought I’d
realize that never happened. It was just demeaning.” Twelve months later and
$13,350 paid in interest on a $66,000 property, he sold it to me.
I sold it in just 3 days … for $109,900! A $43,000 profit!!
I’ll tell you how I did it in just a moment, but do you see
what’s happening?
Investors are being suckered into thinking they can buy low
and sell, but the properties aren’t selling! Of course they’re not selling!
Isn’t it obvious?
They’re using the same strategies from 6 months, 12 months
or even 2 or 3 years ago. Meanwhile they’re getting sucked into a downward
spiral of making payments, pouring more money into expensive repairs,
contracting with agents and spending thousands of dollars on marketing and
advertising and waiting … and waiting … and waiting for buyers to show.
So what’s the solution? We have a unique system that turns
the whole buying and selling process around so instead of buying the homes
first, we’re finding buyers first. Then we buy the home based on the preferences
of the buyers and what they qualify for. When we do buy the home, it’s
“pre-sold.” We already have a buyer!
Plus, we also give first-home buyers our famous “Obama
Bucks.” Right now, the government is offering new home owners tax credits of up
to $8,000. But many homeowners can’t afford the down payment needed to buy the
home, so we’re giving them the money that they expect to get from the tax
credit upfront. We get paid later when the government check comes in.
Think the “Obama Bucks” will get you more buyers? You bet it
would! The government estimates that up to 800,000 first-time homeowners may
qualify for a new home, which opens up a whole new market for many investors.
We call our program House Monster, which helps investors sell homes as fast as
they can gobble them up.
WARNING: The
government tax credit may expire November 30 so you must act quickly to take
advantage of this innovative program.
I haven’t seen anything like this in my 30 years of
investing and I doubt I ever will again. To help you get up to speed and help
you sell more homes faster, we’re offering a free webinar, Wednesday, September
21 at 8:00 pm Eastern Time.
Go to www.HouseMonsterWebinar.com for more details.
About Louis “Lou”
Brown: As CEO of Street Smart Investors, real estate
investors in all fifty states across Canada and fifteen foreign countries
including as far away as Australia and New Zealand have long regarded the
training, systems and forms created by Louis Brown as the best in the industry.
Quoted as an expert by many
publications and authors, “Lou” draws from a wide and varied background as a
real estate investor having been buying property since 1976. He’s
invested in single-family homes, apartments, hotels, developed subdivisions and
built and renovated homes and apartments. Each of these experiences has given
him a proving ground for the most cutting edge concepts in real estate today.
He’s widely known as a creative financing genius
with his deal structuring concepts including House Monster , which is an
innovative solution to help first-time home buyers and to help investors sell
more homes. Being a teacher at heart he enjoys sharing his discoveries with
others.
He’s served the industry in many volunteer
positions such as past President and designated lifetime member of the Georgia
Real Estate Investors Association, the world’s largest investor group. He
is also founding President of the National Real Estate Investors Association,
which serves as the umbrella association of local investor groups.