This powerful audio program will teach you the strategies to making money as a real estate investor in the fastest, easiest and least expensive way possible. Module #4 starts with a story called, “The chicken and the eagle”. This module start
This powerful audio program will teach you the strategies to making money as a real estate investor in the fastest, easiest and least expensive way possible.
Module #4 starts with a story called, “The chicken and the eagle”. This module starts with Terry teaching you the 7 reasons why you should learn how to make money as a real estate investor, how he made $100,000 in 90 days, what do banks do with their Nonperforming Paper, why banks sell their Nonperforming Paper, cities across the United States that he's bought Nonperforming Paper in and negotiating with banks.
Terry Bontemp's depth of real estate knowledge comes from hands-on experience. As a leading expert in the pre-foreclosure business, he bought his first fixer-upper at the age of 20 and lost it to foreclosure at the age of 25. Terry lost his credit but not his determination to become a successful real estate investor.
Terry previously owned his own karate studio for approximately 15 years. He has a 4th Degree Black Belt in Taekwondo and a 1st Degree Black in Kenpo Karate. Although he loves training in martial arts, he know that real estate was the key to his financial freedom.
Terry began his career in real estate looking at every deal possible which included newspapers, mentors, seminars, and searching for foreclosures. He learned with pre-foreclosures you can just take over someone's loan without formally qualifying for the bank loans which gave him tie to generate a profit out of the property without being obligated financially. It was perfect for him because he had lost his credit earlier and he had minimal finances to fund his investments.
A common Terry ran into were people that were in foreclosure was that their properties were overencombered. The that they owed the bank was more than the house was worth. That's called being upside down. Most of the homeowners in this situation were just walking away from their homes. They had no interest in making any money by selling it because they couldn't see any way out, they only felt the pain of owning the home.
What he learned next was the most significant real estate breakthrough of his life. He developed Nonperforming Paper strategy of discounting loans that were in default for pennies on the dollar to generate thousands and thousands of dollars of pure profits in his bank account. Last year, he bought ten mortgages that were in pre-foreclosure from banks at an average of ten cents on the dollar. He gave the bank $33,000 on six different Nonperforming Paper deals and he's gotten back over $185,000. For every 5.5 cents that Terry gave the bank, he got a dollar in return without fixing the property or paying real estate commissions or closing costs. Plus, he never qualified for any loans or had to go through any red tape with banks. "Its as simple as giving my bank the money. They give me the assignment. It's 30 minutes of work at the most.
Terry has bought and sold numerous houses using a variety of creative acquisition strategies including lease options, seller financing, Nonpreforming Paper and taking property "subject to" "Real estate can take you anywhere you wnat to go and anywhere you go you can do real estate! If I can do it anybody can! I only have a high school education but I have an MBA in real estate (mentors, books & audio cassettes)," says Terry.
I've learned how to take the complicated world of real estate and reduce it to simple ideas and concepts that anyone can learn and make big profits like I do. I can make more money in one afternoon buying and selling Nonperforming Paper in less time than most real estate investors make in a year buying, fixing, selling and dealing with all the associated headaches of rehabbing houses. I hate fixing my own toilet, let alone my tenants', and why should I? After all, I'm the bank. I collect principal and interest on my investments. I go to the mailbox every month and pick up my check.
I'm treated just like the bank by the homeowners whose mortgages I own!" The biggest building in my town is owned by the local bank, not the small real estate investor offices. I can teach you how to be the bank without the credit and without substantial cash'!
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Real Estate Investing with Terry Bontemps
This powerful audio program will teach you the strategies to making money as a real estate investor in the fastest, easiest and least expensive way possible.
Module #4 starts with a story called, “The chicken and the eagle”. This module starts with Terry teaching you the 7 reasons why you should learn how to make money as a real estate investor, how he made $100,000 in 90 days, what do banks do with their Nonperforming Paper, why banks sell their Nonperforming Paper, cities across the United States that he's bought Nonperforming Paper in and negotiating with banks.
Terry Bontemp's depth of real estate knowledge comes from hands-on experience. As a leading expert in the pre-foreclosure business, he bought his first fixer-upper at the age of 20 and lost it to foreclosure at the age of 25. Terry lost his credit but not his determination to become a successful real estate investor.
Terry previously owned his own karate studio for approximately 15 years. He has a 4th Degree Black Belt in Taekwondo and a 1st Degree Black in Kenpo Karate. Although he loves training in martial arts, he know that real estate was the key to his financial freedom.
Terry began his career in real estate looking at every deal possible which included newspapers, mentors, seminars, and searching for foreclosures. He learned with pre-foreclosures you can just take over someone's loan without formally qualifying for the bank loans which gave him tie to generate a profit out of the property without being obligated financially. It was perfect for him because he had lost his credit earlier and he had minimal finances to fund his investments.
A common Terry ran into were people that were in foreclosure was that their properties were overencombered. The that they owed the bank was more than the house was worth. That's called being upside down. Most of the homeowners in this situation were just walking away from their homes. They had no interest in making any money by selling it because they couldn't see any way out, they only felt the pain of owning the home.
What he learned next was the most significant real estate breakthrough of his life. He developed Nonperforming Paper strategy of discounting loans that were in default for pennies on the dollar to generate thousands and thousands of dollars of pure profits in his bank account. Last year, he bought ten mortgages that were in pre-foreclosure from banks at an average of ten cents on the dollar. He gave the bank $33,000 on six different Nonperforming Paper deals and he's gotten back over $185,000. For every 5.5 cents that Terry gave the bank, he got a dollar in return without fixing the property or paying real estate commissions or closing costs. Plus, he never qualified for any loans or had to go through any red tape with banks. "Its as simple as giving my bank the money. They give me the assignment. It's 30 minutes of work at the most.
Terry has bought and sold numerous houses using a variety of creative acquisition strategies including lease options, seller financing, Nonpreforming Paper and taking property "subject to" "Real estate can take you anywhere you wnat to go and anywhere you go you can do real estate! If I can do it anybody can! I only have a high school education but I have an MBA in real estate (mentors, books & audio cassettes)," says Terry.
I've learned how to take the complicated world of real estate and reduce it to simple ideas and concepts that anyone can learn and make big profits like I do. I can make more money in one afternoon buying and selling Nonperforming Paper in less time than most real estate investors make in a year buying, fixing, selling and dealing with all the associated headaches of rehabbing houses. I hate fixing my own toilet, let alone my tenants', and why should I? After all, I'm the bank. I collect principal and interest on my investments. I go to the mailbox every month and pick up my check.
I'm treated just like the bank by the homeowners whose mortgages I own!" The biggest building in my town is owned by the local bank, not the small real estate investor offices. I can teach you how to be the bank without the credit and without substantial cash'!
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