How to Properly Knock on Doors of Those in Foreclosure - Lou Brown's 101 Street Smart Cash Flow Accelerator # 4 Knock on doors of those in foreclosure. Now be careful in your state. There may be restrictions to approaching people in foreclosure. Find out, but there are only a couple of states in the country that have a problem with that. The rest of the days have no problem, and if you think about it, when does somebody really need you? They need you when they're having an issue. Maybe they lost their job, maybe something happened in their life and they just need to get rid of this problem of this real estate. You can step in, maybe you can reinstate the loan. Maybe there are things that you can do to take over that property and take care of the issue.Now you say, well, that sounds great, Lou. But here's what I want you to be careful about. Don't just go to somebody and say; “Hey, I hear you're in foreclosure. Would you like to sell your home?” That's not a good plan. Just knock on the door and say; “Hey, do you know of any houses for sale in this neighborhood? I'd love to buy a house in this neighborhood.” Then see what their response is. That might open the door for you to come in and talk to them about their situation. Now, couple of thoughts you might ask. Well, where is it that I'm going to find out about these foreclosures? Well, we have an amazing piece of software. You can look at it. It's at streetsmartwiz.com/propwiz. You can look at this amazing piece of software that we use every day in our business and one of the aspects of the software is when we can step in and find out all the foreclosures within a particular neighborhood. You literally draw a square around a neighborhood and you can find out all the people that are in default in that neighborhood. To watch the next part of the video go to: How to correctly send letters and postcards to out-of-town property owners https://youtu.be/a1ssQt1uxLc
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.
