Investing Without Cash or Credit with Peter Conti

Update on Big Profits in a down Real Estate Market

Last week I met with 52 dedicated people in Denver, CO who came from as far away as Alberta, Canada to brainstorm with my friends and I as part of the “Making Big Money Investing in a down Market” Symposium.

 

While it’s too late for you to get in on this, I have been buried with requests to somehow make all of the new ideas that were introduced, challenged, filtered and refined at this get-together available to everyone who wants to get their hands on them. I was blown away by how the Brain Trust Process^TM was able to come up with brand new supersized methods of investing in real estate.

 

A key theme seemed to be using leveraged technology to connect with hundreds or thousands of sellers instead of just sitting down with one motivated seller at a time.

 

I won’t be releasing these ideas until March of 2008 after I’ve had time to fully test them out with my own investing. At that point you can expect to see an online training course with a title that is similar to the symposium. If you want to get a sneak peek, or play a part as one of my “guinea pigs” to help me refine ideas like “The Lazy Millionaires Short Sale Investing System” please go here to jump on the bandwagon.

 

That’s it for this week.

 

Live BIG!

 

To Your Success,

 

Peter

 

P.S. Want to grab my hand as I walk (or run) you through the process of Making Your First $40,000 Investing In Real Estate?

 

Please do not apply unless you are absolutely serious about following my guidance and instruction.

 

Why Land Development Will Make You Rich

When you take a five acre piece of raw dirt that is worth a million dollars because it's in a really good area, and you change its use, better known as zoning, there's a very good chance that the value of just that raw land can go up 25 to 100% in value. Assuming you know how to raise the funds using private investors, you buy it for a million. In a couple of years, depending on the community; and what's going on, you go through the entitlement process, which can take you from a year to two years, you can double what you paid for the property. 

Okay so now you made a million dollars in a two year period, so how much is that per year? If you do in the math with me, that equals Five hundred thousand.  How many people do you know who make $500,000 a year? So if you know, you can hit pay dirt in land development, what's holding you back?

It could be the money you say. I hear you. When we started out we didn't have much money either. The neat thing about land development, is just like other types of real estate, you can put together land development projects without using much of your own money. 

Listen to some of the stories from my Commercial Mentoring Program™ students who are doing it right now! If they can do it, you can too. Need more proof? I started out as an auto mechanic, come on. Go for your dreams. Live BIG.

To Your Success,

Peter

 

 

CNN Reports Real Estate Foreclosures Sky High

 

The newspapers and TV did an awesome advertising job for us investors this week by putting out some great negative headlines! You can’t pay for news this good!

“Foreclosures: No relief in sight”

July foreclosures nearly double from last year

NEW YORK

(CNNMoney.com) – “The flood of foreclosure filings showed no sign of let-up in July, according to the latest data from RealtyTrac, the online marketer of foreclosure properties.”

“179,599 foreclosure filings, which include default notices, auction sale notices and bank repossessions, were reported nationwide for a 9 percent rise over the previous month and a 93 percent jump compared with July, 2006.”

With foreclosures headed sky high, the market right now is perfect for real estate investors, but only if you know how to take advantage of it. Make sure you read “Making Big Money Investing in Foreclosures without Cash or Credit” and visit Your Special Bonus Page to get free training, foreclosure laws from most states and other goodies.

If you are within a quick plane trip to

Baltimore

, come join me in person at my

“Ultimate Investors Bootcamp” In 2 days you’ll learn how to grab on to big profits from foreclosures, short sales, and even commercial real estate investing! Don’t miss out!

 

How does commercial real estate compare to residential

        Questions on commercial real estate were the topic today when I was the guest on Vena Jones-Cox's radio show in Cincinnati, Ohio.

        We were talking about commercial real estate investing and had some questions about why commercial real estate might be better than residential real estate.  First off,  I love single-family homes.  They've been my bread and butter for years and I still continue to invest with my Residential Mentoring Program™ students all across the country in single-family homes.


Commercial real estate is really exciting, though, because of three reasons and they all had to do with leverage.

1. Time - a commercial real estate deal, while it does take more time than a house deal, by putting in just a little bit more time.  You end up getting a ton more profits.  That's what I call leverage
2. Money - you may be thinking that with a commercial real estate deal.  You need to have lots of money in the bank for down payments and covering fees and environmental inspections and that type of thing.  While doesn't hurt to have a little but a capital work with, you can put together a commercial deals without using much of your own money.          for example in a shopping center, which we recently purchased for 4.2 million the entire $400,000 down payment was brought in by outside investors.
3. G.U.T. -   Jumping into buying big deals like commercial properties means that you're operating from your gut.this stands for your "greatest unique talent".  There's nothing to build your confidence like going out making an offer on a $2 million property, having accepted, then working through all the challenges of taking it to closing and turning it into a cash flow and property.

        We also had a question from a listener in Texas who want to get started investing in commercial real estate. obviously you need to get educated first, then try and find someone like an experienced investor or mentor, who will take you under their wing and show you the ropes.
       
        Check out our Commercial Mentoring Program™ if you'd like to see some examples of deals that our students have done, or if you are serious about getting going investing in commercial real estate.

To your success,

Peter

Peter's $1 Million Dollar Land Development Challenge

Ok,

I did it again.  I opened my big mouth and now the pressure is on.

We're going to prove that anyone can make a fortune investing in commercial real estate.

Here's all the details

How to get everything you want in life right here

Hey - "Everything you want?"

That's  a pretty big claim, I know.

I'm the former auto mechanic who keeps coming up with crazy yet simple ideas that create massive wealth out of situations that others say are hopeless.

I also know that it's not until we challenge ourselves to go beyond what we thought our limitations are that life truly begins to unfold for you.

Most people live like FOOLS.
Focusing On Ordinary Limitations

I believe in empowering you to live and make decisions from your GUT.
Greatest Unique Talents

Stay tuned by connecting using one or more of the tools on this blog and you'll be surprised at the amazing changes that happen when you least expect it.

Ok, I admit that I'm 47 this month.

       Life is not so bad once you admit that you're not going to live forever.
at this point have accepted that I need to enjoy each and every day, and count the blessings I have.  For much of my life I've looked ahead to the future, and forgotten to to enjoy the present moment.

        In August it will be a year living here in Annapolis, Maryland.  and I really got to enjoy living on the water.  I'll try and post some photos soon so you can see what it looks like.

Life is good.
To your success,

Peter

Oh my goodness... It's beautiful this morning

        I was outside this morning with both my daughters who were visiting from San Diego where they go to college. I was surprised that they got up early enough to see the sun rise.

        Here's what it looked like.

Peter’s Three-Step Approach to Evaluating a Deal

Let me share with you, in a concise format, the three steps I take to make sure a deal is a winner.

Step One: The “Quick View”

 

My first step is to see it the property is worth spending time on doing the real due diligence work of step two. I do NOT start this first step until one of two criteria has been met:

 

1.) I have the property under contract (usually after having met with the owner in person and signing up the deal)

Or

2.) If the property is far away from me then I will do my Quick View (along with a careful phone qualification of the seller’s situation and motivation) before I put in the energy to drive or fly to meet with the seller. (Better choice is to negotiate the deal over the phone first, then do Quick View fast, then go to see the property to do step two of your evaluation)

 

The Quick View for single-family houses consists on checking two very important numbers:

 

1.) Check the purchase price as it relates to the TRUE market value of the property in its AS IS condition… This view tells me if I have equity.

 

2.) Check the market rent for the property as it relates to the total outflow of money you’ll have to pay for the property each month… This view tells me if I have cash flow.

 

 

Step Two: The “Realists” Check

 

This second review is the time to look at the deal fresh and make sure the numbers really do make sense. This is after that first blush of initial excitement has worn off and you make sure that the deal really is a keeper.

 

Questions to ask:

 

• Is the      price really right?
• What      assumptions am I making in my forecasts and projections?
• What      realistically could go wrong with them?
• How      will this affect me?
• How      would I handle this?
• Can I      build a safety mechanism into the deal to handle this contingency?
• If      not, am I really willing to live with this risk?
• If I      had ZERO time in this deal and ZERO psychological commitment to see this      deal happen, knowing what I know now, would I move forward in this deal?
• Can I      handle the consequences of this deal NOT working out?

 

The bottom line is that the second view is your chance to CHECK YOUR ASSUMPTIONS and make sure you are making an intelligent and balanced decision.

 

This is also the time that you complete your due diligence checklist (e.g. checking title to the property, inspecting the house, etc.)

 

Step Three: End User’s Determine Value

 

You can do all the fancy analysis you want. You can create spreadsheet after to spreadsheet “proving” the deal is a winner. But if you can’t sell, rent, or flip your purchase then the deal is a dog.

 

This means get real data from REAL buyers/renters (i.e. from the end user for the property.) The only way to KNOW you have real data from them and not just fluff is to have them get out their wallets/checkbooks and give you CASH!

 

It’s that simple. If they pay, they mean what they say!

 

So don’t make the cardinal sin of waiting to market your property until you close on it. Start, right away, aggressively selling/renting the property. A cash deposit in hand from a willing buyer/renter is your best insurance that the deal is a keeper. (Even better is a whole long waiting list of salivating buyers/renters ;)

To Your Success,

Peter

 

 

 

Commit to Your Dreams and “Chance” Will Work for YOU!

I wanted to share an observation with you. I’ve noticed that the moment people make a serious commitment to something; all kinds of “accidents” seem to work in their favor.

 

Here are two quick examples of this: 

 

First, a student in the bay area of

California

decides he is going to buy foreclosures. He’s never done it before but he leaps in with both feet and makes a commitment. It turns out that his girlfriend’s neighbor is losing her house to foreclosure and our student buys the property and nets over $100,000!

 

Second, one of our Residential Mentoring Students™ makes the BIG leap to commit to Commercial Investing (which is a SIGNIFICANT commitment). Six weeks later he finalizes his purchase contract on a 154-unit apartment complex in

Austin

,

Texas

.

 

Were these both “accidents”? I don’t think so.

 

So I ask you to commit or recommit to your investing goals. Jump in with both feet even if you’re not fully ready, heck, especially if you’re not fully ready! Then start to notice all the things that fall your way. This doesn’t mean you won’t be tested. Of course you will. But if you stay the course, you can and will succeed in a BIG way.

 

I KNOW it is possible for you.

To Your Success,

Peter