Finance Articles

Commercial Finance Program Blows the Roof Off "Ugly House" Investing

Fayetteville, GA (PRWeb) February 14, 2007 -- Real Estate investing as a business strategy has skyrocketed in recent years, mainly because of late night advertisements promising the freedom to live the life of your dreams for only a few hours of work if you take their real estate training. These strategies have been proven time and time again to be effective for generating wealth in a home based business.

Recently a whole new industry has been created by the success of this one strategy -- "ugly house investing." This type of real estate investing is also known "flipping" distressed properties and renovating them into sellable properties. Many of these type of real estate investors run ads that say "We Buy Houses." After buying these houses, the real estate investor either sells them for a quick profit or turns them into rental properties to build a monthly income stream. The attraction to this type of real estate investing is that most of these transactions can be done in 15 to 21 days.

But distressed properties come with distressed people. The real estate investor is essentially taking advantage of a bad financial situation, where a person or whole family is about lose their house. This is not really helping them, but just exchanging one type of pain for another. This is not a win-win situation for the property owner.

Durante Parks discovered this more than a decade ago. Parks completed a real estate investment course in 1984 and was doing very well. But then he was hit with something his "residential property" guru didn't prepare him for -- he was denied credit.

No one told Parks that residential underwriting guidelines required personal qualifying and personal guarantees, even if you don't live on the property. Every active investor will experience a rejection sometime in their career.

Parks turned his rejection into a multi-million dollar commercial investing business with a little ingenuity and help from a retired banker. "To "flip" an ugly house, one will make a $5,000-$10,000 profit. But broker a commercial real estate investment and the earnings jump to $50,000 to $100,000, and no one in the media can talk about this." In contrast to "flipping houses", this business produces repeat customers, and long term clients that want to do as much business with you as they can.

Because of his active non-disclosure agreements that surrounded most of these deals, Parks could not talk about it until two years ago. But Parks is no longer keeping this secret to himself. In 2006, a commercial financing training program, or "boot camp" resulted in the placement of $253 million in commercial loans in just 36 days with only 16 students.

In Commercial Financing Boot Camp, students will learn:

* How to locate qualified hot prospects without a Realtor
* How to launch your own commercial financing home business.
* How to locate and finance portfolios of commercial properties
* How to locate and qualify niche commercial financing programs

Those are just a few of the concepts taught in the commercial finance training program. Parks is updating this course for 2007 but only a few spots are open. To learn more about the 2007 8-Week Commercial Financing Boot Camp, go to http://www.moneybrokertraining.com/pr/021407.

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