February 19, 2008

Top Gun Workshop Highlights

Here are a few of the key topics covered at the workshop.

The Power Of Believing In Your Own Abilities Why you shouldn't discount your abilities. This section covered the importance of: Considering what you can do with what you have and the importance of not considering what you can't do and what you don't have. This session concluded by creating a new world of possibility thinking which is the first step to being a no limit thinker. The key point here war: How to get out of your comfort zone and begin being a no limit thinker.

The First Objective - Step 1 The workshop began with a strong and compelling message that you single most important assignment is decide and plan to get 100% debt free in 60 days. This means that you are to locate and place enough commercial transactions in 60 days that will generate enough in fees to get 100% Debt Free! In essence, you should be your first client and the first steb you want to take is a giant step. Debt Freedom should be your first objective.
 
$256 Million Dollar Case Study
This case study demonstrated how easy and quickly it was to $256 Million in commercial loans in 36 days. Speed of implementation was the fuel that made it work. Focusing on processes and systems rather than profits proved to be very effective. Converting Dollars into units was an essential mental component of this project. Even though things got nasty and rough, it was the fundamentials that worked throughout the entire project. This case study illustrated the importance of mastering the fundamentals and marketing to professional borrowers rather than unprofessional borrowers.

The $456 Million Dollar Case Study
This case study validated how fundamentally sound the system actually was. Even when transactions died, the system presented several alternative option to getting a little jiuce out of the transaction. The bottom line was, even if a borrower flakes out on a transaction, there are still addition places to look for financing opportunities. These included: The Realtor. The Seller The Property The Underlying lien holders. Most importantly, this case study illustrated the power of niche marketing and why you should narrow your markets rather than expand them. Less really is more!

The 15% Solution !
This session was almost not covered. But die to the demand that the attendees made for session, it was covered. Apparently, most investors are faced with this problem on a regular basics. The lender commits and the client or investors doesn't have the 15% down payment. During this session, we covered exactly how to solve this problem using the collateral involved. So rather than raising the 15%, we raised $25%. We put 15% down and 10% tax free in our pockets and never used any hard money financing. This session revealed how to get all your deals financed and how to overcome the "lack of down payment" issues the next time it arises. Very powerful creative financing solution.

The Big Deals Verse The Little Deals!
During this session, we discussed the pros and cons of Big Deals vs. Small deals and when to use each. Small deals are transaction are commercial transactions that are $2 Million Dollars and less. The Big transactions are transactions $2 million dollars and up.

Oddly enough, the Big transactions are easier to locate and easier to finance then the small deals.
 

 

Filed under Blog by admin

Permalink Print Comment

Leave a Comment

Subscribe without commenting