“Obama Bucks“ Creates An Opportunity For First-time Home Buyers
From out of poverty one man helps others live the American Dream; “Obama Bucks” creates an opportunity for first-time home buyers
Louis Brown knows what it’s like to not have much money. Growing up in an old apartment with a card table for a dining room table paid for with green stamps, he understands how owning a home can seem as far-fetched as winning the mega-millions.
Now a millionaire real estate investor he’s taking it upon himself to try and get as many people into their own homes as he can thanks to billions of dollars the federal government is making available to first-time home buyers. But time is running out. President Barack Obama’s tax credit of up to $8,000 for new home owners is set to expire November 30.
Brown is making it even easier for buyers to get into homes with his “Obama Bucks” campaign. Using the equity in the home, he’s giving buyers the tax credit up front so they can use the money on a down payment or fix up the home.
“The government tax credit is a great idea, but most buyers still can’t get into homes because they don’t have the down payment needed,” Brown says. “Banks have tightened their credit standards so much that unless buyers have cash to put down many of them are not getting approved. We’re fixing that by giving buyers our “Obama Bucks,” which is the money they would get from the tax credit that they can use to help them qualify for the loan.”
As a result, more buyers can qualify for loans and they don’t have to wait until months afterwards to get their money.
In just 4 months, Brown says he’s helped 50 first-time homeowners get into homes with his “Obama Bucks” and he’s now racing to beat the Nov. 30 expiration date.
To help more homeowners, Brown is teaching other investors how to provide upfront money to first-time home buyers at a free webinar, Wednesday, September 21 at 8 pm. For more details go to www.HouseMonsterWebinar.com.
About Louis “Lou” Brown: As CEO of Street Smart Investors (www.StreetSmartInvestors.com), real estate investors in all fifty states across the United States 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.
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