No one told Parks that residential underwriting guidelines required personal qualifying and personal guarantees, even if you don`t live on the property

Released on = February 17, 2007, 6:53 am

Press Release Author = Eric Grigsby

Industry = Real Estate

Press Release Summary = First Ever Real Estate investor training course exposes the
insider secrets to commercial finance.

Press Release Body = 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.

Web Site = http://www.moneybrokertraining.com/pr/021407A

Contact Details = 2870 NE Hogan Rd. Ste. e-484
City: Gresham
State: OR
Country: USA
Zip Code: 97030
Phone Number: 971-223-6163

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