Ron Legrand – Commercial Property Bootcamp

Ron Legrand – Commercial Property Bootcamp

Archive : Ron Legrand – Commercial Property Bootcamp

Take a look at all of the super-rich people who built their fortunes in real estate, and you’ll see that Commercial Property was the source of their riches.

That may seem unusual coming from someone who teaches residential real estate and is internationally recognized as an expert in the field. So allow me to defend myself.

For starters, single-family homes make a lot of people wealthy. I’m one of them, and I’ve probably taught hundreds of others. But there’s affluent and then there’s extremely wealthy, which I define as having a net worth of more than $100,000,000. It would be difficult to locate a highly affluent home buyer.

Second, I acquire commercial real estate and teach people how to do the same, but because that’s not what I’m renowned for, you don’t think of me as the Donald Trump of real estate, who earned his wealth in commercial.

The Donald recognizes opportunity when he sees it, and honestly, any fool could see it in America’s commercial abattoir during the previous six years. I should know since I’m right in the middle of it and have… In my commercial endeavors, I personally lost about $150,000,000 in value!

No, I did not state I lost $150 million in actual money. I never had anything to lose, but I can honestly state that I lost it and more in the future after investing stock and cash in projects that will never be constructed due to the present market conditions.

I have lost millions of dollars in actual cash and will be cleaning up the blood from twenty-one commercial enterprises I acquired between 2004 and 2006, including over fifty million dollars in personally guaranteed loans and millions in private equity funds.

I didn’t cause the recession, yet my timing was terrible, and the consequences of my commercial initiatives will follow me for the rest of my life.

So why am I telling you this at the risk of frightening you away and exposing myself?

I was hit hard, yet I didn’t strike out. It will pass, and I will survive, more stronger and wiser than when I entered it. The most successful individuals you know have faced and overcome greater adversity. Using Donald once more… from 1.5 billion in debt to multibillionaire. They can’t steal what we know since learning how to create enormous money remains with you for life and you just keep growing better and smarter. More on it in a second.
It is definitely an exceptional opportunity for all of us to take advantage of the largest real estate value drop in your life. It’s a fantastic sale right now, at pricing I can’t believe. Commercial real estate has taken such a beating that practically anyone armed with the necessary knowledge to acquire, manage, or flip buildings may make a lot of money… seven figure money.

I envision clever individuals profiting handsomely from the ongoing bottom feeding. Here are a few cases that I am personally acquainted with or participated with…

In 2005, a retail project I had in Texas evaluated for $12,500,000, and the banks that foreclosed on it sold it for $500,000 after three years.
A warehouse project we bought in 2005 for $11,000,000 has yet to sell for $2,000,000, despite being in far better form than when we got it.
I just placed an offer on an apartment complex that assessed for $44,000 per unit five years ago for $10,300 per unit.
A fully furnished restaurant facility in a great neighborhood of Jacksonville that cost $5,000,000 to build roughly four years ago is now seeking $1.9 million and has remained vacant for two and a half years…so far.
Lots we sold in Myrtle Beach in 2005 and 2006 with several assessments in excess of $400,000 sold in a bankruptcy sale for $41,000 apiece. A house on one that cost 1.6 million to develop sold for $275,000.
Banks sold fully completed housing projects ready to build houses all throughout the country for 25% of what it cost to create, including two of mine.
Banks hold more than 40% of retail malls in certain cities, and they will sell for a fraction of their 2005 worth.
Office buildings can be found for half the cost of construction or less.

Okay, I’ll admit it’s gloomy, especially if you’re the recipient, as I am.

However, if you’re on the outside looking in and know how to acquire or manage these assets without danger to yourself, the movie is a lot more entertaining to watch.

You are now the hunter, not the prey – you are in charge rather than a victim of fate, and you can develop tremendous riches from what you know rather than your credit or cash.

If you are interested in creating life-changing riches with commercial real estate, I can teach you these things at the one Commercial Boot Camp I will hold this year.

But, Ron, you just told me you lost a fortune, and now you’re offering to educate me.

How to uncover good offers and swiftly eliminate time wasters. To be clear, you only need one to be set for life, and you won’t spend much, if any, money looking for excellent offers.
We’ll prescreen every sort of contract and talk about how to analyze them, what would kill the deal, and what information you need to continue ahead and why. We will discuss raw land for residential and commercial development, as well as apartments, office buildings, strip malls, office warehouses, industrial buildings, mobile home parks, special use buildings, and other structures.
You’ll learn how and when I want to depart each type of property, how it affects my purchase offer, and why certain agreements work while others don’t.
We’ll go through all sorts of property finance as well as all types of financing, including interim financing, hard money, seller financing, and bank financing. It might be either recourse or non-recourse. We’ll utilize real-life case studies to dissect them like frogs in anatomy class. Financing is the difference between success and failure, and without it, you’ll lose a lot, but with it, you’ll have the keys to the vault. You must understand how to arrange agreements so that they may be financed, but this does not imply that you will be sucking up to banks.

You’ll learn about Cap Rate, Debt to Income Ratio, Internal Rate of Return, and other fancy jargon that I’ll translate into layman’s words and explain why they’re important to lenders and investors.
We’ll talk about selling large properties, when it’s a good idea, when it’s not, how to sell and to whom. I’m the King of Quick Turn, but I have to tell you something: when you can extract several million dollars out of a tax-deferred property and then have it shed monthly revenue like a golden goose, you have to think long and hard about selling. That is exactly what you can and should do with many business properties. But you have to know when to hold and when to fold.
I’ll show you how to maintain homes without ever talking to a renter or getting bogged down in time-wasting duties. If you want to retain them, you’d best get this one under control or you’ll become one of those motivated sellers. Managing does not make you wealthy. You become wealthy via purchasing. “The Less I Do, the More I Make,” a very wise real estate guru once stated. ®
If you’re an American, you’ll discover how to execute multi-million dollar trades within your IRA, which means you’ll never have to pay taxes on the profit. With a few basic but smart movements, I’ll show you how to configure your entities to accomplish just that. We’ll also go over 1031 exchanges for transactions outside of your IRA that allow you to keep more while giving the IRS less. I’ve even got a few ideas for you Canadians regarding your RRSPs.

• I’ll cover all the bases, supply the missing parts, show my case, and then release you to conquer the world on your own or bring us deals. In any case, it will be a once-in-a-lifetime event and a once-in-a-lifetime chance.

  I’ll walk you through a few of my projects and show you the unique techniques I utilized to get them and why. You’ll see how I analyzed the figures, made the choice to buy, planned the exit, gathered the money, assembled a dream team for each of us who didn’t live in the same place, and…

  A significant amount of time will be devoted on generating financing and structuring agreements with as little cash as feasible, as well as numerous strategies to generate money without purchasing any property. Each deal will have many profit centers and exit points so you can get out quickly or stick in for the big bucks.

  You’ll discover my revolutionary method for becoming a land developer without purchasing the land. In reality, you get paid $10,000 each month for each project while others perform the work, and you receive half of the profits with no investment or risk.

  You’ll make the landowner wealthy by doing what he or she can’t or won’t do and using the land to generate the capital to pay you and the job done to increase the value. Every word I just mentioned is real, and I’ll provide you with the agreement to make it happen as well as the training to pull it off… on several projects at the same time.

  We’ll talk about how to establish the business to buy and the skills I learnt when working with partners who will help you in any venture. I’ll show you how to use basic tactics that cost me at least $250,000 in legal bills to learn to ensure partner performance and remain out of court when they don’t. If you listen, my hard-learned knowledge from 30 years of expertise and desire to share will both save and make you a fortune.

  I’ve asked three people to share their knowledge with you; all of them are experts in their fields and should be of interest to you.

  Lance Edwards is known as “The Small Apartment King.”

  Lance Edwards demonstrates that you don’t have to “graduate” from single family to multifamily – you can start with multifamily. Lance bought his first property (a four-plex apartment) with no money down in March 2003. Over the next two years, he went on to buy 50 units with no money down while working his full-time corporate job. Lance left his 20-year corporate employment in July 2005 to launch a full-time real estate firm that purchases multifamily buildings. And he now teaches people how to achieve financial independence faster with flats using none of their own money. He bought a 10-unit and a 50-unit apartment complex last year for free. He recently closed on a 56-unit property with no of his own money.

  The Self-Storage King, Scott Meyers

  Scott is the uncontested self-storage champion, with hundreds of units spread around the country, yet he manages this as if it were a tiny business. He has a highly unusual method of acquiring and funding his units, and they are all run on autopilot.

  These are cash cows, and the worse the economy goes, the more profitable this industry becomes. Scott will take you behind the scenes and reveal the true facts, showing you why self-storage is one of the fastest growing real estate categories and how to retire with them.

  Jack Bosch—The Landlord

  This individual has purchased and sold over 7,000 parcels of land. That’s not a typo…seven thousand. I’ve never seen someone accomplish what Jack does with land, yet he discovered his unique company by chance when buying houses.

  If you want to make some quick money and gain some free land, you won’t be able to sleep when Jack goes. By the way, it’s all done automatically, so you won’t have to deal with the time-consuming and costly entanglements of land and development, construction, zoning, or city council meetings. Jack comes and goes fast, never touching or visiting the land. This is fantastic.

  This event is intended to teach you things that no one else will ever teach you, but it has also evolved into a Deal-a-thon.

  I’ll call you before class to assist you find some solid prospects to bring to class, and I’ll bring professional staff to go over them with you. We’ve made a lot of nice bargains this way, and perhaps we can help you obtain your first one.

  If you want to make an offer after we examine it, we’ll write a letter of interest in class. You will receive all agreements to purchase and sell buildings or property, as well as instructions on how to use them.

  Worst case scenario, you learn a lot when making an offer. In the best-case scenario, it is accepted. There is no further price to try. You and the rest of the class will be able to observe how I examine your and my work.

  That’s my speciality, although I’ll acknowledge that some of your greatest deals may necessitate a loan from a lender if you want to take it that far before exiting. I’ll have multiple connections for lenders for various purposes, which I and the teachers who utilize them will carefully choose.

  That’s actually the easiest part if it generates cash, but as I previously stated, I’ll attempt to persuade you out of it first. There is always a market for buying income streams, but they are more difficult to construct than sell.

  You’ll see my retirement plan for you, and it only requires one assignment.

  This event cost $5,995 a couple years ago and was completely sold out. You will receive that much value on the first day, and if you do not, simply say so and quit to receive a complete refund. The price has been dropped to $3,995 for a limited period, but check out the registration and create your own payment plan and discounts.

There will be no incentives, bribes, or trickery. I don’t need you if I have to stoop to any of that to obtain you. It is not suitable for everyone.

You, if you are interested in commercial real estate and believe I am equipped to assist you in building wealth effectively.
You, if you’re already in commercial real estate and want to make a lot of money instead of just watching others become rich.
You, if you simply wish to acquire your own office building or other commercial property without spending your own money.
You, if you just want to see my work and everything I did wrong and right.
If you want me to work with you on a transaction anywhere in the United States or Canada, please let me know. Many of my current and previous agreements were brought in by students, and some did quite well before the skies darkened.

Couch potatoes, whiners, complainers, and folks who want everything for free and are generally unpleasant to be around.
If you’re in such a tight financial situation, I’d take the food away from the kids if you register. Feed the children. You can rethink if I do it again.
Anyone who is terrified of their own shadow and lacks the tenacity to take out the garbage without supervision. Commercial real estate is not for the faint of heart. You won’t need any experience, but you will need some courage.

If I haven’t frightened you off enough, you may signup below to save even more money on a limited-time VIP deal. If you are a Canadian, there is no PST, GST, HST, or other ST, and we are utilizing US dollars to give you an additional discount on the exchange rate.

Just so you know, Canadians are primed for this event. You have a gold mine all throughout Canada and will have an unfair advantage over your competitors once you know what I know.

I’ll have your guidebook ready, along with my copyrighted papers and agreements, and we’ll spend four days exploring money-making techniques that will change your life.

Ron LeGrand, welcome to your Quantum Leap.

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