Never Offer Collateral First, Only If The Lender Insists – Street Smart Cash Flow Accelerator #38

Hi, it’s Lou Brown with another
of my amazing 101 ways for real estate investors like you
to win, close more deals, and accelerate your cash flow.
Today’s tip is number 38. Only offer collateral
if the lender insists. Now, slow that car down
and don’t get too excited. In this series, I’ve been sharing
with you about borrowing money, borrowing money
without going to banks and without
qualifying for loans. That’s my favorite way
to borrow money. I got a whole system on this
called, Borrowing: Volume 6. It’s in my system
of training you how to become an amazing
real estate investor and build a terrific
real estate business. You can find that by going
to Click on Tools and
click on Volume 6: Borrowing. Now, what I’m sharing
with you right now is the fact that
in some cases, in many cases, the lender really doesn’t care about putting this
against a particular property. Now, I’m being very careful
to share this with you because I want you to be
very extremely powerfully responsible around when you borrow
someone else’s money that you are in a position
to pay that money back. And the thing that really
makes it valuable is if you give a mortgage
against a property and that property sells,
then you have to give the money back because it’s secured
by that individual property. Well, what that means is
Mrs. Jones now got her money back and she’s not earning anything
on that money while it’s sitting there idle. Alternatively though,
if you borrow that money on a promissory note,
then that money is earning interest
the whole time that it’s out. So, you put the promissory note
with a period of time. Maybe it’s one year,
maybe it’s three years, maybe it’s five years, and during that period of time
you’ve got the freedom with that money
to keep that money working and you can make
a lot more money on it. So, I hope you’ve enjoyed this. I hope this has been
valuable to you. I know it can make
a difference in your life, it certainly has in mine. I’d love to share with you
more of my profitable tips. How can you get more? Well, depending on
where you’re seeing this, simply like it, love it,
comment on it, subscribe, share it with your friends.
I would appreciate that very much. Thank you so much. I’ll see you soon. Yeah, baby!

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