Dear Peter

WOW I did my first deal for $1.00. So here it is. I found it on the Internet for sale by owner. I feel pretty lucky because it was in my first 15 calls. The deal went like this asking price was $70,000 they owed $65,000 end up giving $68,000 with $3,000 up front for moving costs. And got a FOUR YEAR OPTION. Tenant buyer came in with $5,000 option money and a option price of $88,000 gave sellers $3,000 still leaving me with $2,000. Deal will net $25,000 for my first DEAL. Going to Intensive Training camp in Denver in October 2001. Was the best investment I made in my life and for my family! My goal is a five-year plan to be full time investing in real estate. And what would I say to anyone wondering if they could do what I have done First find and honest mentor plan like mentor financial group and Two Having the confidence in yourself! And learning right system to investing in real estate YES.

Thank you
Peter
F&G Real Estate Investments
Frank & Glenda Baldissero

John Pena, an ex CPA and entrepreneur from Washington state is shown here in his garage (aka the rent to own sign making company) on John’s first Purchase Option deal, a Lease Option deal, John created over $35,000.00 of locked in profits. And by the way, the signs you see him putting together in his garage in the above photo generated over eighty phone calls from perspective tenant buyers. That just goes to show that by following some simple instructions and doing his marketing the right way how easy it can be to find tenant buyers.

My Best Foreclosure Deal Story

I was out knocking on doors to people in pre-foreclosure on a Sunday evening. When I talked to the lady at the door and told her why I was there, she took me by the home & kind of drug me into her living room.

She was so fearful about losing her house and her husband was in denial – face in the sand not wanting to look at the “reality” of things.

He was working at Burger King that Sunday evening so she called him and told him I was here and how I could help them. She told him to “come home now!” He came home and we sat down and talked.
I helped them out at the 11th hour although he was kicking and screaming all the way thinking that a “miracle” would help them.

They thanked me profusely when their foreclosure was stopped and we helped them get into a large apartment for themselves, their 3 boys and two great dogs!

Katherine Skill
CA

P.S. Not 1cent came out of my pocket to take care of the foreclosure and my credit was not an issue or checked.

Worth $225,000/230,000
Owed $9,000
Sellers got $5,000

$160,000

Sold to investor for $22,000
Fixed and sole for $280,000

No Cash & No Credit

Chris Schoelle. a mentorship student in Idaho is shown here in front of his upscale home that he bought from a motivated seller. Chris made the ultimate mistake when buying this house; he showed it to his wife. Chris’s wife fell in love with the house and decided that rather than sell it to a tenant buyer that instead they would move their family into the house themselves. Chris structured this deal with less than $500.00 down and owner carry financing.

Peter,

Just a quick note to say thanks again for your great materials. This is a check from my closing today on a house we purchased “subject to” the existing financing. We spent approximately $19,000 on repairs and had to make up a few back payments, but all said and done we netted about $43,000. Not bad for 5 weeks work.

Mike Wilson
Indiana

Margaret Utley, shown here on the telephone during the original San Diego Challenge, makes phone calls to for sale and for rent property owners in San Diego. During the course of the three day challenge, Margaret and her teammates made hundreds of phone calls to local property owners to set up appointments with over twenty-five property owners during the three day challenge. The end results of the three day challenge? Margaret and her teammates picked up over $1.5 million dollars of real estate, ten separate properties, with just thirty-seven dollars of up front money.

I want to tell you about my first deal. A seller called me off of a business card that I had left laying around. They live up in the mountains West of Colorado Springs. The elevation (9500 feet) was really aggravating the health problems that they both have. I met with them and arranged an 8-year lease option. The sellers owned the property almost free & clear. They were willing to refinance out most of the equity so that they could buy a home in Texas where they’re moving. I was able to acquire the property for $97,500 and the appraisal for the re-finance came in at $151,000! The sellers have voluntarily done all sorts of work on the property in preparation to move – painting the entire interior, including taping, texturing the basement, replacing a broken window, etc. etc.

I’m amazed at how easy it was to put the deal together. I still can’t believe they’re willing to walk away from so much equity. I’m glad I was able to help them more on with their lives and get to a place that will improve the quality of their lives.

This deal has changed my life in several ways. I now see myself as a bonifide investor. I have the confidence to know that I can sign up deals where both parties win. I know that it is possible to buy houses creatively. And I see that I’m on my way to my dream of financial freedom.

Heather Kubicek
Mentorship Student
CO

Eric and Sara, two mentorship students from San Diego, are shown here as they graduate from their Intensive Training class several years ago. On their first Purchase Option deal after leaving the Intensive Training Eric and Sara signed up an eight year equity split deal on a two bedroom condo in San Diego. They locked up the property for an option price $102,000.00. Currently, the condo is worth over $240,000.00, and they have four years left to go on their option.

Dear Peter,

My tenant buyer just left and I can’t believe how easy it is to make money with purchase option. The techniques I learned on day one made finding this deal like looking for a bonfire at night.

The seller was thrilled that we would take over her payments, and the tenant/buyers were excited to get into a purchase option so easily. I used the agreements and just filled in the blanks like you told me to. I’ve spent more time filling out forms to buy a car than I did writing up this deal.

Total profits from my first purchase option are $13,844.00. I just added up the hours putting this together and I don’t even have 8 hours invested. I’ll let you do the math, but I’m fairly certain that this pays better than my $7.70 an hour job at the ski shop.

I now know that going to the training event was the right decision. The chance to model your ability to create wealth while living a balanced life was an additional plus for me.

Sincerely Yours

Dan Harrigan