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The Great Investor Nutralizer !

admin — Sat, 29 May 2010 02:28:06 +0000

Everything is working just as planned inspite of a few glitchs.

I’m not surprised but I will admit that things went better than I had expected!

Because one of the deals involved flipping it became very obvious that wholesaling was the most
challengeing of all because it involved getting the end buyer’s approval.

The Great Investor Equalizer

Fortuantly, our end buyer was local and a very experienced investor. This helped but
most investors simply don’t have a high level of financing sophication so there’s always
the teaching and training to give them the confort they need.

Remember, investors are basically GREEDY by nature and will try all sort of things to get your price down.
However, when you tie the financing into the deal, the game changes.
We were able to get the FULL appraised price for all our properties because
we had the financing that most investors can’t get . And we know it!

Having the financing in place has proven to be the great equalizer.
“Pay my price or get your own financing” is the phase that pays.

We were able to get all the deals placed to a tune of $600K .
In my opinion, the program is best used for purchasing for your own portfolios.
My first contact with the Bank was on May 7, 2010.

In less the 20 Days we were able to get both offers approved and to get the financing in place for
both Deals. Again, the flip adds an additional level of complexity to the deal dynamics.

Follow my deals and the videos at:!
www.commercialfinancingacademy.com

99% Financing For REO Properties Works!

admin — Sat, 27 Mar 2010 22:10:07 +0000

Yesterday, I followed up on a dead deal from last year and found the following.
The owner informed me that the property was in foreclosure. I asked for the lender and he gave me the lender and his bank contact also.

I call the lender and started digging in. Here what I found!
The property was not in foreclosure yet. The loan was in default and the Lender was working as a broker to sell the property to avoid the foreclosure.

Property Data
Property age: 9 Months old.
Property Class: A
Occupancy: 85%
Original Loan Amonut: $11 Million
Recent appraisal: $7Million
Asking Price: $5 Million
My Offer: 46% of the appraised value: $3.2M
The offer was received with great interest. I was told I must close in 30 days, and I insisted on 45 Days.

Here is where it gets really interesting.
I went back to the original borrower and asked if he would like to get his property back. He responded with a fast yes.
When asked what was he willing to pay for it he said “$5.2Million…. That’s 72% LTV.
I told him he would need 2% down. He responded that he was willing to put 5% down if I could make this work.

We settled on a $5.0 M price.
Watch these numbers carefully.
****************************************
Appraised Value: $7 M
Max. LTV=70% = $4.9 M
My Purchase Price = $3.2 M
Selling Price = $5.2M
Down payment = $300K
Net Profits At Closing= $2Million Net
****************************************
This one Lender has 3 similiar properties . All are class A up and running.
Can you see why you only need 1 Deal, 1 Lender and 1 closing per year.

Where I thought I had fail, is where I found success.

How many times have you heard these excuses:

“He just got lucky”
“She just happened to be at the right place at the right time”
“It’s easy when you have their talent”
” They have all the resources”

Success without repeated and continuing failure is simply a myth. If you want to succeed, start by failing faster. And keep doing it. Just so long as you don’t fail the same way twice, you can’t help but learn something in the process. In time, you won’t be able to avoid success. Sooner or later you’ll learn so much that you start failing to fail. Get bad enough at failing and folks will start calling you lucky.

We should all be so “lucky”. http://www.youtube.com/watch?v=45mMioJ5szc&feature=youtu.be

Cool Video Tools

admin — Mon, 28 Sep 2009 02:56:42 +0000

By Durante Parks – September 27, 2009

Have you ever needed some any video tutorials to learn how to do something.
I just posted a cool resource for you. Check it out here

Immersion Learning Really Works- Ask Betty

admin — Sun, 06 Sep 2009 05:52:39 +0000

Our B.I.G.G. 3 Day Workshop Is Live!

I wanted you to be among the first to know that we have finalized our 2009 Live Workshop. It’s hard to believe that it was 22 months ago since our live workshop.

We’ve secured a 3 Star Hotel with special room discounts for single and double rooms. The rates we have in place are $79.00 per night on both single and double rooms.

If you fly in, you can take a shuttle from the Airport directly to the Hotel , so you won’t need a rental car unless you want to.

I like it when I can write letters like this one to my friends and customers. No need to try to sell you anything because you are already sold on me, my products and my crazy mannerisms. I want you know that I really appreciate your support and encourage over the years. A lifetime member is a lifetime commitment.

Why the new training format?

As you know, I’m the one that is always looking for a pattern to anticipate. I do a lot of observing and possibility thinking. Here’s what I noticed.

Virtual Training Doesn’t Work As Well As We Thought

I’ve been operating a online training program since 2004. The Internet is a really cool way to earn a income. I’ve made a lot of money online and will continue to do so for years to come. I think that everyone should have at least 2 online income streams.

The Internet has made massive amounts of information available to everyone that has a internet connection. The Internet is a very very powerful resource. But it isn’t the best mode for training and learning. Let me explain myself…

Success for me is no longer defined exclusively in DOLLARS. Although we can measure financial success by simply counting. But success to me is measured in more ways.

Although my income has continue to increase year after year, I could say that I am a successful.

I measure differently. Actually, I measure success on 5 levels.

Spiritual Success
Mental Success
Physical Success
Financial Success
Social Success

This means I can be a financial success and a mental failure..

or, I can be a mental success and a financial failure, or I can be a spiritual success and a physical failure. Get my point.

I wouldn’t consider a person with million of dollars and terminal cancer to be a success. There are levels and degrees of success.

Although I’ve achieved a great deal of financial success, I am really concerned about why some people are more successful than others. And here is where things begin to get a bit interesting.

“Why Are Some Students More Successful Than Others?”
“Why Do Students With The Least Seems To Achieve the Most?”

After training over 500 students, I feel I am qualified to speak on this based on actual observations and not theory. Here goes!

Bob And Betty Mystery

“Bob And Betty enrolled in our training program together. Neither had any previous experience nor did they own their own homes.

Bob had a masters Degree in Accounting and Betty had a BS Degree in Home Economics.

On the surface, we would give Bob the added advantage in succeeding based on his education level right!

Both had access to the same information and the results were totally opposite.

Betty closed 3 deals in 6 months and pocketed over $250,000 and developed 3 new skill sets and never completed all the training.

Bob has gone through the training program 4 times and has YET to earned any income at all. ” It seems that the more Bob learns, the less he knows and understands.

Betty’s success was due to using an “Immersion Learning System”

Immersion Learning is defined as

“concentrating on one course of instruction, subject, or project to the exclusion of all others for several days or weeks; intensive: an immersion course in conversational French.
state of being deeply engaged or involved; absorption
an act or instance of immersing.

We’ve All Used Immersion Learning In The Past

In elementary school, I attended 5 days a week for several years and then graduated… This was Immersion learning

The same was so in High School and College… This was Immersion learning

Secure Your Seat Here

Here’s the pattern:
The information was frequent: DAILY
The information was intensive :

The information was cumulative.

We went to school often and were overwhelmed with information and repetition daily. The end result was “Graduation”

The Secret To Betty’s Success!

Betty used an immersion training format and Bob didn’t.

I noticed that my most successful students were those that I coached and those that came to my office and spent a few days with me. 98% of these student were very successful in reaching their goals. It wasn’t me, it was immersion learning.

On the other hand, my virtual students had a very low success rate even though that had more information and had it often.

Secure Your Seat Here

What success means to me now.

For me success now is measured in terms of how many people I can help to achieve their goals and dreams. In other words, I want to be a success coach and have elected to achieve that goal by integrating immersion learning into my new training programs.

Our New Training Formula

1. A Profitable Method

2. The Right Tools

3. The Right Support Environment

4. The Right System

We will now start our training with live workshops and then use my sites, forums and blogs as resource centers.

That’s why I’ve elected to return to the live workshop training format. But I’ve added some really cool tools that I’ll share with you later…..

To get the most from your current membership, attend this Workshop if at all possible.

My new training program is 3 Day Brain Washing and Success programming system that is nothing less than Divine!

Here’s The Challenge

I only have 50 seats reserved and over 6000 people on my list. The first movers will get the seats and you have a 24 hour advance notice to get into the class.

Here’s what I need for you to do…. If you want to attend this event, then your should book your seat NOW. Secure Your Seat Here

NOTE: We’re keeping the location secret. Once you register, you will receive the booking information you need.

Hope to see you in Atlanta!

Free 12 Month Membership Contest

admin — Sun, 14 Jun 2009 08:01:19 +0000

We are giving away 2 12 Month Commercial Financing Memberships.

Click here for details.

Contest ends July 3, 2009

Winners will be announced July 6, 2009

10 Steps To Making Your Dreams Your REALITY!

admin — Wed, 29 Oct 2008 06:48:49 +0000

I talk with a lot of students that are frustrated at their lack of progress. They have the knowledge, the skills and all the resources they need, yet they aren’t achieving the results and possibilities they desire.

In this post, I will share with you some of the things that I do that have help me to grow my businesses.

1. Have Clearly Defined Goals:
The more specific your goal is the better. A goal like getting debt free isn’t as focused as a goal like “to earn $321,756.89 in the nest 90 Days” The more focus and defined a goal is, more powerful and focused you will be. Having a clearly defined goal is very important.

2. Get An Accountability Partner
Having someone that you are accountable to will greatly increase your chances for succeeding. For some strange reason, we will press through when we know that others are watching or are counting on us. Accountability partners can be friends, or family. The only requirement is that they be committed to holding you accountable. My accountability partners encourage me to continue when I want to give up and move on to other things. My accountability partners remind me of mission and keep me focused.

3. Have Confidence In Your Own Ability And Your Resources
Everyone need to be encouraged every now and them. We also need to be reminded not to be so quick to count ourselves out. Give yourself a fair chance. Realize that before things can change out side , they have to change inside. You inner mental game is very important. Controlling your mind set and your thoughts is essential for developing a healthy and positive self value mindset.

If you have no confidence in your training, your resources and your own ability, there isn’t much you will be able to achieve in any area. Give yourself permission to try knowing that your Dreams do not have deadlines. The three strikes and you’re out rule doesn’t apply here. You play until you win So give yourself a fair chance.
Rom 12: 1…. be ye transformed by the renewal of your mind

4. Be Honest with yourself
Do a self evaluation and identify your strengths and weaknesses. This can be done with a simple blank sheet of paper. Divide the paper in half. On one side, list 10 of your strengths. On the other side, list 10 of your weaknesses. Next, arrange you strength list based on the things that are the easiest to do. The easiest thing should be the first on the list so forth and so on. Focus on the NO1 item on your list. Be aware of the items on the weakness side but don’t focus on them. For many people, they are focusing on their weaknesses rather than their strengths. Again, give yourself a fair chance….

5. Find Out If Your Are Stuck
All of us are going to be challenges, the only people that aren’t challenged are Stuck or are people that aren’t really doing anything. To be challenged or to be stuck someplace means that you are looking to make progress and that you’re moving forward.

Look to get beyond those failures, challenges and the things that tend to stay in your way. Look at what you can do with what you already have rather than focusing on what you can’t do and what you don’t have.

6. Establish A Daily Routine or ritual
When I was employed, every morning I had a routine that I went through each morning before going to work. This was a form of discipline that later proved to be a challenge. When I quit being self employed, that ritual had to be replaced with a new one. I remember getting up thinking I needed to go to work as I had done for many years. That ritual was so engrained in me that I didn’t know what to do each morning. It was scary for a few months. My lack of having a daily ritual or routine cause me to be “Stuck” for several months. Establish a daily routine to establish self discipline .

7. Create A Daily And Weekly Task List
There a saying that what isn’t tracked can’t be measured and what isn’t measured can be modified or changed. Have a Weekly Task List and a Daily activity list for reaching your weekly goals. This was the method I use to develop my 8 Week Commercial Financing Course.

8. Create An Issue List.
Identify the issues that you need to deal with. Organize them and decide which one you want to take on and resolve. It’s important that you address one issue at a time. Here is where an accountability party or a mentor will be very helpful. Select the issue, and explore solutions. Decide on a action plan and implement that plan. Set a start date and monitor your progress weekly. Don’t take on any new issues until you get this first one resolved. Once you get the first issue resolved, you’ll establish momentum for the next one. Before you know it, you’ll be on a roll…

9. Focus On Your Objectives And Your Resources
Once you are clear on your objectives, on what matters and why it matters and that it’s worth going forward with, you can breath better. You’ll be a bit more relaxed and less stressed-out about all the other things going on around you even if they are exciting because they will not be relevant to you and your objectives.
You really do have control over who and what gets your attention. Clarity will prevent your mind from running all over the place and you can focus on having the impact and the results you want. The “Inner Game Is The Game To Master”.

10. Be Consistent In Your Actions And Recommit Daily
In order to really succeed, we must remember that every day we have to muster up the courage to starting again and following through even when we don’t feel like doing it. This is a day-to day activity. We must have the courage to start and the strength to finish what we start. Remember to renew your commitment every day. It you get stuck, press through to your breakthrough. It’s up to you to make your dreams real.
Your commitment to your dreams and goals require courage .

10. Reward yourself
You are just as deserving of success as myself, as a Bill Gates, or as anybody. But at the same time, you’re no more deserving of success.

Life does not give us what we deserve. Life gives us what we go claim. And claiming is a proactive process that we have to engage in every single day.

This is a process, and this process is an ongoing journey of continuous, unending progress that every single one of us should enjoy every step of the way. There are certain things that happen that we don’t necessarily feel good about, but because we know that it’s worth it, we go ahead and we endure it and we keep on moving forward.

Remember to reward yourself and celebrate your successes.

“Hope deferred makes the heart grow sick, but when the desire is fulfilled, it is a tree of life.”
Proverbs 13:12 (Amplified Bible)

Durante

Why Commercial Financing As A Business ?

admin — Fri, 03 Oct 2008 20:07:05 +0000

This is where you can lean how to build a Multi Million Dollar Commercial Financing Business.

Commercial Financing is something that I have been doing for over 15 years. I’ve operated a very successful commercial financing business from my home office for years. Though it took a lot of effort and time to create, I’ve developed a s simple step by step system for starting your own commercial financing business.

Why Commercial Financing?
The Perfect Product. When you really break this business down, you are actually in the business of “Selling Large Sums Of Money”. The demand for this product never leaves. As of this writing we are in the middle of a major international recession. Yet the demand for commercial loans have increased and the cost of the money has simply increased in some markets and decreased in others.

For Instance, the cost of New Construction Financing for multi family properties is 6%. Yet the cost for acquisition financing and refinancing is 7%. While millions of Americans are struggling to make ends meet, we have a back log of clients “desperately” seeking multi million dollar loans for their commercial projects.

So selling money as a business can truly be the perfect product and the ideal home business.

Instant Product Demand
Another really neat thing about financing as a business is this. The product simply creates a demand for itself. When I inform investors that I have the ability to finance commercial properties, they instantly want to learn more about my commercial financing programs. In many cases, the individuals go out and get projects simply because I can secure the financing for them.

Mass Market Appeal
As Commercial Financier, I am able to work in numerous markets. I am in no way limited “Commercial Real Estate Financing” although that is my preferred market. I can also secure financing in the following areas also:
Franchise Financing
Equipment Lease Financing
Aviation Financing
Account Receivable Financing
Asset Based Lending Financing
Business Acquisition Financing
Numerous Small Business Financing Services
Venture Capital Financing
Securing Business Lines Of Credit

Natural Consulting Business
I’ve also been able to secure equity in multi million dollar projects simply for the asking as a consultant. My attitude is this. Any client the is seeking commercial financing has a “Financing Problem”. I can often provide solutions and options to solving this problems for a consultant feel of $1,500.00 to $5, 000.00 over the telephone. In my early day, I wasn’t aware of the value I provided and provided these services for free.
Working for free is something I no longer do. I refuse to solve Multi million dollar problems for free simply because it only takes a few hours of work. I no longer trade time for dollars. I provide solutions for FEES and I do it deliberately. Finding borrowers willing to pay for my services isn’t hard to do. As I said, I sell Money In America and the demand is very high for my services.

Fee Based Services
Loan Analysis Service
Loan Packaging Services
Commercial Underwriting Services
Lender Introduction Service
Commercial Property Locator
Commercial Broker Network

Low Start Up Cost
Compared to other business start up cost, starting a commercial financing business can begin with as little as $1,000.00 up to $6,000.00 for advance business systems.