Tuesday, May 18, 2010

The Commercial Short Sale Buzz by Durante Parks

In the past month, I have attended 9 short sale webinars,and have read over 40 sales pages all about "Commercial Short Sales".

It's a Hot Topic, and a very lucrative market.
Marketing commercial services and commercial real estate training to residential investors will always be a very lucrative and profitable market for several obvious reasons:

1. The Law Of Progression.
It is only natural for Residential Investors to gravitate to Commercial Investing.
It's the next logical step on the ladder of progression.

2. The Law Of Ignorance
Since most Residential Investors don't understand the key differences and
the rules associated with commercial investing, they are easy to sell to because
they have no knowledge base of experience to call on. They basically believe
what ever they are told.

3. Emotion Gratification
People basically want what they can't have. So when residential investors are
told that they can make tons of money purchasing Commercial Properties they
simple buy into it and begin focusing on the large sums of money that many will
never see. "The Only Thing That Comes To Sleepers Are Dreams"
So I understand the motives here!

Don't get me wrong, I'm not here to beat any one down or to discredit anyone.
I have no ax to grind. I would like to "shine a brighter light" into a dim room.
I'm sure I'll be writing more about this on my blog in the weeks and months to come.

As a 20 year seasoned Investor and a Master Financier with
over $200 Million in financing of commercial deals, I have a completely different
point of view and prospective on the "Commercial Short Sale Tales".
*Short Sale Tale #1: Real Estate Investing Mean Profits
*Short Sale Tale #2: Wholesale Real Estate Means Instant Profits
*Short Sale Tale #3: Commercial Investing Mean Profits
*Short Sale Tale #4: No Money Is Needed !
*Short Sale Tale #5: Loopnet Is You Best Bet !
*Short Sale Tale #6: Banks Are Giving Properties Away!
*Short Sale Tale #7: Getting Financing Is Easy !
What I would like to do is to share with you what I did a
few weeks just to illustrate a point and the power of my Short Sale System.


My Commercial Short Sales System In Action
About 2 weeks ago, I paid a visit to 2 local banks after doing a little research.
I had spent about 4 hours of research and identified 2 Banks that I needed to visit.
I selected these banks for a very specific reason.
And if I was correct, it would yield me at least a $1 Million Dollar Profit.
I also knew that if I was correct, I would have access to hundreds of commercial
properties of all types and would not have a need to work with any other banks
for years to come. I would also have access to hundreds of properties to flip if I wanted to.
Key Point: 1 Bank, 1 Deal AND $1 Million Dollars.

So I follow my system and begin my quest for my $1 Million Dollar Deal.

At Bank 1, after using my magic script, I got on the phone and made 6 phone calls.
I received and invitation to come to the bank. I proceeded to the bank and was greeted warmly and taken to a 9 floor conference room. The Banker brought in several large notebooks and placed them on the table.

I spent 3 hours looking at over 300 commercial
properties. I listed 8 that I was interested in. Here's why!

1- for myself
2- for my clients that I will flip to
3- for my partners to purchase
1- to sell back to the current owner
1- to list on Loopnet. com for wholesaling.

My average purchase was 50% of the appraised value and the appraisals were present also.

The average occupancy was 70% so these properties were generating income.
These were not non-income properties that had to be put in service.

The total value of these properties were $32 Million Dollars.
My combined purchase price was only $8 Million Dollars.
I got into these properties for less than $7,0000.00.

My net proceeds at closing will be in excess of $3.5 Million Dollars and these proceeds
will be 100% Tax Free" and I have more than enough financing in place and
no partners, no seller carry backs, no realtors and no mitigation was necessary!
Not bad for a days work !

This is what I did while the "Short Sale Hype" was going on.

Would you like to know how to do this rather than chasing
distress properties and following the crowd?
You only have to do 1 of these transactions!

Questions For You !
What guidelines did I use for selecting the banks?
What was I really looking for?
What did I do actually do in this Bank?
Why was I invited to come in?
What type of financing am I using?
How am I able to get Tax Free Cash Back?
Is this a short sale or isn't?

My lips are sealed for now!
BIG ANNOUNCEMENT

This acquisition method is just one of programs that are included
in my New Advance Training Program.

In the days and weeks ahead, I will be answering the questions above.

Actually, a large portion of this system has already been added to the
to the Top Gun Members site.....

Since we I included several of my Best Commercial Financing Content
in my New Program, I wanted to extend to my entire list an opportunity
to get access to this type of information

Final Call And Last Opportunity To Get In

In a few days, I will be launching my Commercial Financing Academy.
Current members of the Top Gun members will be given a super discount into
our New Training Academy as charter members.

As part of the Academy opening, we are making several BIG changes.

1. There will be a $100.00 across the board price increase on all our main products.
2. Our $149.00 products will be $249.00
3. Our $47.00 Memberships will be eliminated and $149.00 memberships will be activated.
4. All of our Live Workshops and Events will be $3,400.00 for Non Members
5. Our Financing Software Suite will increase from $1,500.00 to $2,500.00

These changes will go into effect in late May if not sooner !
However, current members will not be effected by these increases.
So if you like my short sale system, you'll love my financing programs ever better!


How Do You Get Access To This Content ?

The only way to gain access to this and other Inside "Commercial Financing and Investing Secrets" is to be an insider.

To be an insider you simply need to join our training program.
To beat the big price increases, you will need to purchase our financing DVD which
is basically all of the core training you will need to know anyway.

Purchase your core training DVD's today and you'll get a discount membership
plus access to the Short Sale System for FREE.
These videos are already uploaded in our Top Gun Members Area.

Because you will already be a member, you will qualify for our Commercial Financing Academy "Early Enrollment Double Discount".
Here's what you should do NOW!

Step 1: Order Your Core Training DVD's Now And Save BIG!
Step 2: Activate your membership
You'll get a FREE 30 Day membership the normal rate or your can
sign up immediately at the Discount Rate.

Normally, your activation information is included with your DVD shipment.
However, if you activate your discount memberships online, you'll get immediate access to the training materials before the DVD's arrive.

Lastly, if you aren't able to get the training today but would like to keep up
with what we are doing, just register on my blog and you'll receive automated updates' Blog Registration

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