All Forum Posts by: Peter Harris

@David Segatti

I was really shocked when a prospective new Protégé pointed out your post to me. After all the work my team and I did for you Dave, from accommodating some of the things going on in your life and allowing you to put the program on hold while you overcame those matters to starting you up again and doing so in a very labor intensive way of hand picking off-market leads for you to give you the best possible chance at success. That took months to execute. We got a few deals in motion and I walked with you step by step through lining up financing. Helped you put together a creatively-financed deal as well. They didn’t close because of the sellers, completely out of both of our control but that happens in real estate and a great foundation was laid. I also spent significant time with you one-one to make sure you stayed on track with your goals and answered every question you ever asked me. Then, one day, out of the blue, you told me you were quitting. I almost felt betrayed after all we had been through together. I was still in shock when we talked and perhaps I didn't try hard enough to keep you from quitting but you seemed to have already made that decision before that final call. I wish you would have done me the courtesy of reaching out to me before posting this, so you and I wouldn't have to have a public discussion on such a private matter. But since you did, I had no choice but to respond.

I care deeply about you and want you to be successful. I would be happy to bring you back in the fold and pick up where we left off. I am passionate about my Proteges becoming millionaires and for those that don't give up, that's their future. I wish you nothing but the best Dave regardless of what you choose to do and as you know, I am just a phone call away.

Peter

Dave Segatti

Hi Dave, I was really shocked when a prospective new Protégé pointed out your post to me. After all the work my team and I did for you Dave, from accommodating some of the things going on in your life and allowing you to put the program on hold while you overcame those matters to starting you up again and doing so in a very labor intensive way of hand picking off-market leads for you to give you the best possible chance at success. That took months to execute. We got a few deals in motion and I walked with you step by step through lining up financing. Helped you put together a creatively-financed deal as well. They didn’t close because of the sellers, completely out of both of our control but that happens in real estate and a great foundation was laid. I also spent significant time with you one-one to make sure you stayed on track with your goals and answered every question you ever asked me. Then, one day, out of the blue, you told me you were quitting. I almost felt betrayed after all we had been through together. I was still in shock when we talked and perhaps I didn't try hard enough to keep you from quitting but you seemed to have already made that decision before that final call. I wish you would have done me the courtesy of reaching out to me before posting this, so you and I wouldn't have to have a public discussion on such a private matter. But since you did, I had no choice but to respond.

I care deeply about you and want you to be successful. I would be happy to bring you back in the fold and pick up where we left off. I am passionate about my Proteges becoming millionaires and for those that don't give up, that's their future. I wish you nothing but the best Dave regardless of what you choose to do and as you know, I am just a phone call away.

Peter

To clarify, Cory, you entered the Protégé program at its complete infancy; when the technology systems, tools and trainings were not even comparable to what they are today. I would be happy to bring you back into the fold and get you going again now that it’s a whole different universe. As for my mentoring back then, it was as good then as it is today. If my memory serves me correctly, you joined in October and had already quit by early February. I don’t recall why you left because its been a while but we have a very open-door policy and are happy to bring you back in. My Proteges are doing extremely well right now and I would be honored to get you there too. 

Hi Dave, I was really shocked when a prospective new Protégé pointed out your post to me. After all the work my team and I did for you Dave, from accommodating some of the things going on in your life and allowing you to put the program on hold while you overcame those matters to starting you up again and doing so in a very labor intensive way of hand picking off-market leads for you to give you the best possible chance at success. That took months to execute. We got a few deals in motion and I walked with you step by step through lining up financing. Helped you put together a creatively-financed deal as well. They didn’t close because of the sellers, completely out of both of our control but that happens in real estate and a great foundation was laid. I also spent significant time with you one-one to make sure you stayed on track with your goals and answered every question you ever asked me. Then, one day, out of the blue, you told me you were quitting. I almost felt betrayed after all we had been through together. I was still in shock when we talked and perhaps I didn't try hard enough to keep you from quitting but you seemed to have already made that decision before that final call. I wish you would have done me the courtesy of reaching out to me before posting this, so you and I wouldn't have to have a public discussion on such a private matter. But since you did, I had no choice but to respond.

I care deeply about you and want you to be successful. I would be happy to bring you back in the fold and pick up where we left off. I am passionate about my Proteges becoming millionaires and for those that don't give up, that's their future. I wish you nothing but the best Dave regardless of what you choose to do and as you know, I am just a phone call away.

Peter

My experiences have been it takes about 45 days to refinance one of my apartment buildings.

What about Commercial Real Estate Investing for Dummies?

Perhaps this Forum is not designed for the following response but you may want to out my books. I just released a new one called Commercial Real Estate for Beginners which you can get on Amazon. It's chock full of good ideas for people in your position.

Not that I am aware of. In LoopNet you can enter a minimum and maximum cap rate.

Perhaps to add to those who mentioned apartments, with that kind of liquid capital, another idea is to purchase an under performing, mismanaged, distressed apartment building. Use some of the money for the down payment on the purchase, and if you couldn't get a loan, work out a master lease agreement for the rest. Whatever didn't go towards the down payment, use to renovate/upgrade each of the units. It will be about a one year turn around to fully rehab each unit and stabilize the property. Once it's performing much better, you can resell it for a profit or refinance and pull out your $1M and hold onto it.