After over 1200 submission, we closed the site and began the process of selecting the next generation of  Top Gun Students.
I was so overwhelmed with the responsed that I handed them off to several of my trusted friends to assist with making the selections.

The quality of the applicants were nothing shorter than exceptional. Awesome !
So we decided to expand the scholarship program beyond our original 4.
Quality people are priceless…..

Find out tomorrow night at this special webinar.

https://www1.gotomeeting.com/register/868472992

PS 1 .Are you Still Not A Member Of The Best Commercial Financing Program Available ?

Here’s another opportunity for you to join our private members site before our next price increase.
Visit : http://www.topgunworkshops.net/signupnow  

Or Purchase Our Home Study Course and get a Free  30 Day membership.

Visit here: http://www.financingdvds.com

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

If you haven’t watched the videos yet, I encourage you to
do so now before they are removed, here’s the link again.
Commercial Financing Academy

The Commercial Short Sale Videos were released as part of
a marketing promotion for our New Commercial Financing Academy.

We felt that one of the best ways to describe the training is to share
with you some of the content from the actual training agenda.

An we wanted this to be Free content that had real value. As you can see from the
Commercial Short Sale Videos, the content is extremely valuable provided you
implement what is shared.

What is the Commercial Financing Academy ?
The Academy training is a comprehensive training platform for
mastering the “Inside Secrets To Commercial Financing And Investing.

At the advance membership level, each member will be assigned a
personal coach and mentor for the purpose of assisting and guiding
the member through the process of generating at least $200k
Tax Free from their first deal.

The Goal of the Academy is for assist all of it’s members in the process of earning at least
$1,000,000.00 from no more than 2 transactions.

Upon completion of these objectives, each member will be certified by the Academy as
Certified Commercial Financier. This certification will afford the members numerous
Joint Venture opportunities and access to private financing and other opportunities.

The Members are encouraged to follow the direction and advice of their coaches and not
to lose focus of the Academy’s agenda. “To Create 20 Cash Millionaires over a 12 Month” period.

There are 3 membership levels:

1. Remote Video Training Level
2. Live Personal Group Coaching And Mentoring Level – Limited to 50
3. Joint Venture Partner Level. – Limited to 10 Members

There will be no monthly payment options.

We’ll reveal more about these options in the videos to come
so be sure to watch all the videos.

Lastly, this is an elite training program and will only be opened to
50 Enrollees.

Because we will be working very closely with inside sources and resources, all
members will be required to execute the following documents:

1. Confidentiality Agreement-Strictly Enforced

2. No-Disclosure Agreement -Strictly Enforced

3. Non- Compete Agreement-Strictly Enforced

4. Personal Interview- Mandatory

This program isn’t something you can just pay and get access to.
You must qualify and meet our Guidelines.

This means that when our shopping cart is open,
we reserve the right to refund anyone for any reason.

Be on the watch for our next email.

And be sure to post your comments about each video for a chance to receive a
full scholarship into this Academy.

Sign up now and get something that can make a real difference in your life before
I restore the price to $149.00 per month. Sign up now !.
http://www.financingdvds.com

Durante’ Parks
“Commercial Short Sale Wizard”

I’m really amazed at the response I’ve received  to the Commercial Short Sale Videos.
Actually, these are hard core “Commercial Paper Capers” on steroids….

This is the only system you need to master to get very wealthy FAST.
It contains all the key pieces…..

1. Solves a BIG problem that most investors have.
2. Doesn’t require much cash.
3. Can be done with 1 % down or even less.
4. Require no credit.
5. Big profits FAST!!!

If  you’ve watched any those video, do me a favor and tell me what you got out of the videos.

I’m having second thoughts about launching a new site.
I’m considering  scrapping the Academy and taking a year or 2 off.
What do you recommend I do?

Here’s what I need to know.

1. If you watched the Commercial Short Sale Videos, how did you like them?

2. What did you like about them?

3. How has the information effected you?

4. What other videos would you like to see or what other “problem solving products would you like”?

Be as detailed as possible….. I’m up to something….. BIG again…..

Talk back t me , I’m listening!

The Million Dollar March Was More Like A Walk!

Now For The Million Dollar Dash!

I’ve really enjoyed sharing the Commercial Short Sale System with you over the pass few weeks.
This training was a major departure for the scheduled training but I was really compelled to share with the Top Gun Members.
This program illustrates the importance of mastering the core training program in the Top Gun Workshop.

When all the pieces are in place, you now see the power of what you can achieve.
Each of you can build your own “Commercial Short Sale Machine” by simply putting the core systems in place.

It isn’t difficult to do but is does require some effort and time to set up.

The Challenges We Faced

The challenges were numerous. But there were a few principles that consistently worked. They were:

1. The “Counter Intuitive Thinking Concept” .

2. The importance of “building Solid And Strong Relationships” fast.

Although we were able to get the entire system up and running in 4 weeks, there were some challenges and hurdles that we had to overcome. These were:

A. Getting pass the gate keepers

B. Finding the right person

C. One Realtor refused to submit our property offers because it didn’t contain his 3% commission.

D. Bankers that denied they even had properties.

E. Realtor claiming to have REO properties when they didn’t have any at all.

Was It Worth It?

Let’s add it all up !

1.We have a new banking relationship with a new bank.

2. We have access to over 300 properties access to $20Million dollars in commercial properties.
 
3.We will flip 3 to our pre-qualified buyers and keep 1.

4. Total net profits will be in excess of $3.5 Million Dollars

All in all I would have say it was well worth it!

Here’s 1 of 4 deals I found at the Bank!

Property A:
176 units, 58% Occupies, Appraised Value : $5.5M  Mortgage Balance $8.5M
I desire to purchase the mortgage rather than the property.

Mortgage purchase price: $2.5M

I elected to contact the owners and to offer them new financing at 70% of the appraised value:$5.9M
The balance due me is  $8.5M Loan Balance
New First Mortgage:     $3.8M  70% Of
Pay Off My Loan :       -$1.3M
Net Profits :               $2.5M

Balance Due On My Note $8.5M – $3.8M =  $ 4.4M
I could forgive the balance but I elected to take the balance on a second mortgage at 8% on 30/60 term plus a 20% equity position plus a board seat….

I will discount the note buy 50% once the property is stabilized.

I took the equity so I can have some influence over getting the property stabilized
and to have access to see how the proceeds are being used.
Stock holders have access to the books.

I had no desire to foreclose on this property. It was easier to cut a deal with the current owner
and trigger a payoff of my note….

My last option would be to flip the property…

I have 3 such transactions from 1 bank visit.
No Big Deal to do, just good numbers!

Now I have to Train more Top gunners so I can do more JV’S

The Next Phase!

Although many of you have said that getting pass the noise in the market has been your biggest challenge…
You know, getting pass the gate keepers.

I must confess that this is where I began in this business over 20 years ago.
I was terrified of approaching any banker unless I was applying for a loan.
I understand the mental challenges you may face.
Remember, it took me 8 Months to get up the courage to go into the bank.
I simply wasn’t prepared for this task even though it was a basically a research visit.
Yes, this truly is a process…

Since this is a process, I’ve decided to use this as the foundation for build my Financing Academy.
For 9 years I’ve thought about developing a real Academy with a extensive training, testing, rating and certification.
I would like to eventually get my Academy fully accredited.

The founding members will have lifetime memberships and will be the core of the academy.
I’ve elected to have between 50 -100 founding members and to clone myself through this core group.

These members will be required to get 2 simple transaction completed with my assistance in order to get full certification.
1. Broker 1 deal of any size within 3 Months of Membership.
2. To Purchase 1 commercial property with my assistance within 6 months of joining the academy.

Once these task are completed, these Founding members will be qualified to do numerous joint venture projects with my companies.
Some will head up regional and local Financing Charters in their cities and states… etc.

The opportunities are awesome.

Since this will require a personal commitment from me, I’ve elected to open the doors of this opportunity first to our
current members before the public release.

The training Will Be Very Personal And Extensive !This will be my final contribution to the Self Development Phase of my Life.
This will be my legacy……

These members will be equipped to make major changes in their lives and the lives of other for many generations.

We will require interviews of all applicants, confidentially agreements will be required, non-compete agreements will be required.
The members will take test and be thoroughly equipped to get results like a Top Gun!
This won’t be something you can just buy into. The members will have to apply for admission .
All applicants must be “mentally fit” for the training and must be “committed to getting their certification”.

The certification will consist of passing a series of written and oral exams, oral presentations, lender interviews,
preparation of LOI and contracts, negotiating with Buyers, Sellers and Bankers.
Joint ventures will be available for qualified members.

I am no longer accepting any projects outside of my current core group. I have deals to give to away.
I am in a prime JV position. I have the properties and the financing. I don’t need any deals now!

I Had Some Help .. Some Very Good Help

I don’t want to give you the impression that I did all of this on my own because I didn’t
I had a lot of help and assistance in getting this done. So let me acknowledge the individuals that
were working behind the scenes all alone.

Doston Stanley… Malcolm Turner … Reabon Walker … Shavawn Walker …. Quentella Barton
Steve Battle

These were the people behind the scenes that made it all happen.
They all have their stories have demonstrated  their commitments to our task.
I will call them “True Top Gunners”. They built and provided the bridges I crossed.

I commend you you all for your contributions and support.

Let’s automate and duplicate the process a few more times….

Why The Academy Needed ?

We have over 400 members and have trained a few thousand people over the past 5 Years.
Many have started their own successful business and many are super successful investors and developers.
Now is the time to take my businesses and training to another level and this Academy will be my training
simulator.

I haven’t set a price on the tuition yet but that decision will be made in the next few days.

I will be inviting 8 Top Gun Members to join me in this new venture.

Now I get to move to the next Phase of commercial financing.

By the way, I am totally amazed what I achieve when I work my program rather than teach the program.
It works better every time I do it….

Is it getting easier, or am I getting better…?

Watch for my prelaunch email in the next few days.

Durante