Lou Brown's House Monster or Street Smart program
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Heard him speak in Los Angeles last night. His name has often come up with other "gurus," but I found his schtick ("....Yeah, baby!") so overbearing I could not take him seriously. And that has nothing to do with his classic Southern accent (hey, I'm from Georgia myself) Just too much TV evangelism mixed in with used car salesman pitch. He gave the same guru pitch one has heard endless times of "I'm giving you this and that...plus that and this......totalling smillions of dollars worth of valuable education and marketing, but tonight and tonight only because you showed up I'm giving you a huge discount to only $19.95 (actually a little more than that but you get the drift) ...plus I'll even throw in...."
14 Replies
- Marietta, GA · Member since 2015 · 117 posts · 23 votes10y
You can afford it get it. I have known Lou for about 16 years hes the real thing. His legal work is really good the paperwork. Also hes a real friendly person easy to talk to. He is very thorough and very, very experienced.
ok thanks! I'd still like to hear from anyone who has actually done his program and how it worked out for them & the pros & cons of that particular investing concept & program. Thanks for letting me know he's the real deal though.
- 9yKerry BairdPro MemberRental Property Investor · Melbourne, FL · Member since 2011 · 3k+ posts · 2k+ votes
Did you order the course, or any other? Have you gotten started?
I used Mr Preforeclosure a number of years ago, and worked his system and tied up some deals. Now, I use the search function here on BP, open an Evernote folder and make my own "mini" course for free. It doesn't take long to figure out who is really doing the deals, and ask them or search for posts on a particular topic.
~to your continued success
- 9yKerry BairdPro MemberRental Property Investor · Melbourne, FL · Member since 2011 · 3k+ posts · 2k+ votes
Whoops! I am mistaken. That was Jeff Kaller, doing Mr Preforeclosure. I just added zero to the conversation. Sorry!
- Cape Coral, FL · Member since 2016 · 2 posts · 0 votes9y
You guys are all awesome for sharing. That is the only way to go! Happy new year to everyone here trying to move forward with their investing. Kathryn
Heard him speak in Los Angeles last night. His name has often come up with other "gurus," but I found his schtick ("....Yeah, baby!") so overbearing I could not take him seriously. And that has nothing to do with his classic Southern accent (hey, I'm from Georgia myself) Just too much TV evangelism mixed in with used car salesman pitch. He gave the same guru pitch one has heard endless times of "I'm giving you this and that...plus that and this......totalling smillions of dollars worth of valuable education and marketing, but tonight and tonight only because you showed up I'm giving you a huge discount to only $19.95 (actually a little more than that but you get the drift) ...plus I'll even throw in...."
- Investor · Alpharetta, GA · Member since 2015 · 242 posts · 185 votes9y
I bought his Whole Enchilada system 10 years ago. Almost too many forms! His system breaks down real estate into areas of interest: Buying/Selling/Holding, Lease Options, Owner Financing, Asset protection, Property Mgt, and Trusts.
I use 4-5 forms - that's all I need. I use his lease and option forms, application for lease option, application for owner financing, and once in a while look for a stray form or two- but that's all that is really needed. I also had to customize them in Word - no big deal. I do like his Lease and Option paperwork. I've used it enough to easily say I got my money's worth, vs. a cheap lease that does nothing to protect me, or lawyers fees to customize my own lease.
I do not use, nor would I recommend anything to do with Trusts in general - which is his main interest and expertise. After talking to two different lawyers, they both said to keep the transaction "clean" or a judge may take issue with hiding something, when you can foreclose in 4-6 weeks here in Georgia. If a court date is set for something- such as locating the trustee - if will take weeks or months plus attorney fees - when all that was needed was an LLC taking title, title insurance, and the correct Property insurance - ($1MM per property). If you need to hide something that this won't protect, something is wrong!
Overall, if he still offers his Whole Enchilada - I would seriously look at which areas you want. His forms are good.
- 9yClay SmithBusiness MemberInvestor · Louisville, KY · Member since 2013 · 419 posts · 244 votes
I saw him at the Mr Landlord convention. He seemed to have a lot of good insights. His lease is worth it. I know it will make/save me plenty of money (if applied). Well worth the expense.
LREI Property Management LLC4.6465 Reviews - Investor · Lorain, OH · Member since 2017 · 1 post · 0 votes9y
I went to the Mr. Landlord, bought the program for $600 was greatly disappointed. I spoke with Mr. Brown 3 times, told him I was interested in his note purchase, lease options, and his trust purchases. I asked him if I purchased the house monster program would I learn about that. He told me yes will learn about that and many other things. I bought it read it all. Come to find out it speaks ABSOLUTELY nothing about purchasing homes. I figure that program works on 3 premises: 1) you already have homes you wish to get rid of. 2) You are already have knowledge on how to purchase property. 3) You plan to purchase another more expensive program on how to buy houses.
He sort of sold us the really nice caboose, saying how in luxury you can travel anywhere. However, he failed to tell you that in order for this idea to work. You have to buy the more expensive train engine, unless you already own your own.
I am trying to get a refund (So far no luck) not because his program sucks, but because he sold it tome under a different idea, he knew the information I was seeking was not in there, but told me it was.
- Investor · Ocala/Belleview, FL · Member since 2009 · 78 posts · 48 votes9y
Originally posted by @Richard Balsam:
I bought his Whole Enchilada system 10 years ago. Almost too many forms! His system breaks down real estate into areas of interest: Buying/Selling/Holding, Lease Options, Owner Financing, Asset protection, Property Mgt, and Trusts.
I use 4-5 forms - that's all I need. I use his lease and option forms, application for lease option, application for owner financing, and once in a while look for a stray form or two- but that's all that is really needed. I also had to customize them in Word - no big deal. I do like his Lease and Option paperwork. I've used it enough to easily say I got my money's worth, vs. a cheap lease that does nothing to protect me, or lawyers fees to customize my own lease.
I do not use, nor would I recommend anything to do with Trusts in general - which is his main interest and expertise. After talking to two different lawyers, they both said to keep the transaction "clean" or a judge may take issue with hiding something, when you can foreclose in 4-6 weeks here in Georgia. If a court date is set for something- such as locating the trustee - if will take weeks or months plus attorney fees - when all that was needed was an LLC taking title, title insurance, and the correct Property insurance - ($1MM per property). If you need to hide something that this won't protect, something is wrong!
Overall, if he still offers his Whole Enchilada - I would seriously look at which areas you want. His forms are good.
Actually you don't hide a property in a trust, you create an entity that holds one property and can protect any other properties held in their own entity at the lowest cost. You can create your own trust which cost you nothing or you can create many LLCs which cost each time to set up and maintain annually. If you hold several properties in one LLC and that entity receives a judgment all assets are in jepordy.
- Rental Property Investor · Jacksonville, FL · Member since 2008 · 784 posts · 528 votes8y
After reading Joe and Adam Locklear's book, Joe discusses why he uses the Trust versus an LLC, it makes perfect sense. As @Rodney Williams states, you can setup a Trust on your own, it provides all the protection you need for a property. Creating an LLC for each property is expensive, the LLC is $400-500 bucks a year here in Florida.
Lou has a good program on Trusts and Protection, his Lease Options are good too, I use the system for my properties.
Yeah his salesmanship is a bit hokey at times, but he's a salesman. His first 20 minute exercise is to get the whole class to write down all the homes and properties you plan on owning and then coming up with a net worth, and then he drives this home, the net worth during the days of the class. I've been to a few workshops in ATL and I went on the Landlord Cruise, he was good in both and I have some of the material, not the full, as I did not need it all.
- Member since 2018 · 1 post · 1 vote7y
Hi I just wanted to share my experience in attending Lou Brown's bootcamp, and applying his principals. my husband and I purchased Lou Brown's Whole Enchilada program about 13 years ago and from that, we used his strategies to buy about 12 properties. His techniques and his paperwork are spot on, and we never had any problems when it was time to take our properties out of trust and sell them. What surprised me most about his program was everything he said was true..like EVERYTHING....He said, "don't worry your tenant buyers will never buy your property"...And not one of our 12 families ever did. When we first began listening to his program, he instructed us to do couple of things (back then the newspaper was gold...He said to advertise in the Newspaper) and when he said, "...your phone will never stop ringing", he was right! Then he said don't worry about the rent you charge because people with Bad Credit are "conditioned by society and understand that they will pay more than everyone else" I'm paraphrasing here, but this statement is soooooo true!!! Once I saw that some of things he teaches was true, we were sold! We bought our properties like Lou said, advertised them like he said, put our properties into Trust like he said, put tenant/buyers in the homes like he said, and when I wanted to sell a couple of our properties, My husband (who is a realtor ) listed them on the market. Not one of our tenant buyers bought - though they had good intentions to do so. So if you're wondering if he is the real deal. Trust and believe he is. As a matter of fact after not investing in years, we want to update our education and buy more, so we've signed up for his next boot camp in March of this year.
- Member since 2008 · 1 post · 0 votes7y
Late to this party... I have known Lou 25+ years and own his Whole Enchilada. His knowledge, forms and experience are real.
- Dearborn, MI · Member since 2016 · 13 posts · 2 votes7y
I am so surprised that the whole enchilada package is not being sold used on ebay. It must cost a fortune since they want you to call.
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