Borrowing - Ask what they are earning on their money; and then offer to increase it - Lou Brown's 101 Street Smart Cash Flow Accelerator # 33
Before you say what you'll pay, ask them what they are earning on their money. Then offer to increase that. What do I mean by that? Well, so many folks have their money sitting in bank accounts right now, lots of it, and it's just sitting there earning 0.0 something percent, which is zero. In fact, because of inflation, inflation has averaged 3% over the last 20 years according to the Bureau of Labor Statistics, 2.94% to be accurate. Anyone who's earning less than that is really going backwards. Imagine that you can step in as a real estate investor and you can offer them something like what the banks charge, for example. So if you were to go to the bank as an AA credit borrower and borrow at today's rates, look at that rate. How great that is? Imagine that you could offer that to Mrs. Jones, who's got her money sitting in the bank account right now, earning 0.0 something percent and she can put her money to work, helping deserving families end up with home ownership. Isn't that a noble and valuable thing? What I found out is many lenders care what they do with their money. They care what their money is going to be used for. And doesn't it make sense for you to give them that opportunity and that option, while we've got a script for that, what to say, how to say it. And once you learn this valuable thing, it's all there sitting ready for you. And in fact, when you look at your contact list in your phone, you're going to find that there are people that absolutely love this. So get the script. There's more about this. In fact, there's a lender presentation kit at streetsmartinvestor.com and click on tools and then look up the Lender Presentation Kit.
To watch the next part of the video go to: Help people with money to loan to set up a self-directed IRA, then borrow from it. https://youtu.be/1LsM4LHP8uc
Investors have long regarded Lou’s training, systems and forms as the best in the industry. He has been quoted as an expert by many publications including The Wall Street Journal and Smart Money Magazine.
Lou draws from his wide and varied background as a real estate investor. Having bought property since 1977, he has invested in single-family homes, apartments, hotels and developed subdivisions, as well as building and renovating homes and apartments. These experiences have given him a proving ground for the most cutting-edge concepts in the real estate investment industry today.
