Are you ready for another crazy, fun and informative weekend with Bill Cook, Pete Fortunato and 200 of your closest real estate
friends?
Pete and Bill will teach their Deal-Structuring Course, WHAT BOX? at the Atlanta Airport Marriott on September 14th & 15th, 2019.
You are coming, right? Well then, I have a question for you.......
You remember Pete's Golden Rule....Do unto others as they would want to be done unto? Well,
don't assume you know what others would want - ask. Just simply ask.
At What Box? The Seminar, Bill and Pete are quick to tell you that they aren't in the real estate business. They are in the problem solving business. Check out one of the ways Bill helped a frustrated, don't-wanter landlord out of a messy situation:
Door Knocked – Owner Financed – Over Paid – Rental –
Second-Bite-of-the-Apple Deal
While door knocking, Bill found a 4-bedroom, 2-bath brick home. It was tenant occupied. The tenant was kind enough to give him the landlord’s
number.
Upon meeting face-to-face with the owner, Bill learned the owner’s uncomfortable circumstance: a) He recently moved an hour from this rental home; b) He hated tenants; c) He paid $105,000 cash for the property in
2005.
In 2012, the 4/2 brick home’s fair market value was $70,000. Bill agreed to pay $85,000 (that’s $15,000 more than what the property was
worth).
In return for Bill giving him price, the seller gave Bill terms: $2,000 down, an owner-financed note of $83,000, 4.43% interest with 360 payments of $417.
In 2012, the rental house had a net cash flow of $143/month. In 2018, the property’s net cash flow has increased to $273/month, and the home’s fair market value has risen to a whopping
$120,000!
This deal just went from good to great. The seller recently agreed to a second-bite-of-the-apple deal. Bill told the seller he’d gladly keep paying $417 per month, but because of another deal Bill and Kim just
did, they had $45,000 cash on hand. They’d gladly give the seller the $45,000 cash in exchange for the note.
The seller agreed to take the $45,000 cash payment instead of receiving $417 each month. The current mortgage balance on this owner-financed note is over $74,000. This equates to a $29,000 savings, making this property’s net purchase price only $56,000!
Bill simply asked the seller if he'd prefer a cash payoff rather than continue receiving payments. At the What Box? Seminar, you will learn what had happened in this seller's life to cause him to need the cash payoff, rather than continue receiving monthly cashflow. You’ll also hear
how Bill talked the seller out of taking the payoff.
Like Pete says, ‘Do unto others as they would want to be done unto’. It’s wild and crazy deals like this that you will hear at Bill and Pete's What Box? Seminar.
Why attend What Box?
Want to learn how to find and construct owner-financed deals? Want to learn how to do second-bite-of-the-apple deals? Want to learn how to make teeter-totter offers? Want to find out how to use a T-bar? Then this is your gotta-be-there event! There’s no other course
like this out there, and it’s taught by two investors who have nearly 80 years of combined deal-structuring experience.
What Box? The Seminar helps you see the
different ways you can creatively construct a deal without using institutional financing. What Box? helps you realize that, when it comes to real estate investing, there is no box. Everything is
Possible!
What Box? The Seminar with Pete
Fortunato and Bill Cook is a gotta-be-there event in Atlanta on September 14th & 15th 2019 at the Atlanta Airport Marriott. Bill & Pete's What Box? Manual is filled with one interesting deal after another - showing how they found the opportunity, structured it, and
put the paperwork in place to secure it.
Join us for an incredible weekend with two of the most experienced investors in the country – Bill Cook & Pete Fortunato.
Don't delay......this class is filling up!
Hope to see you there. Call Kim Cook at 770 815-8728 for more details register online or simply email the registration form to Kim@CashFlowREI.com
