Meet some Trump University members who have achieved their goals!
We took the Fast Track to Foreclosure Training 3-day course in September, led by James Harris, followed by a 3-day mentoring program with Geoff Nowlin.
Among other things, the Fast Track to Foreclosure Training helped us learn the importance of forming a “Power Team.” With that information, we were able to create a dream team of contractors, realtors and landscapers. Good people are crucial to your success! The team took us through finding distressed properties and numerous financing options and exit strategies. The mentoring program then allowed us to go deeper into each aspect of real estate investing, such as how to make offers on properties, how to calculate our maximum allowable offer and how to complete paperwork, etc.
Ultimately, the programs gave us the knowledge and confidence to purchase our first investment properties. So far we’ve purchased two properties. The first one--which we fixed up in eight weeks--was able garner $24,200 in net profit for us after being on the market for only two days. The other is now on the market, and we estimate we'll clear $50,000 from our first two sales.
We've also made an offer on our dream home--an unfinished bank-owned home that’ selling for $250,000 under market value. Once it's finished, we'll have about $250,000 of instant equity.
If we hadn't learned the creative financing techniques from Trump University, we wouldn't have been able to find the cash to purchase it with zero-down. Our plans are to expand into rentals, starting by renting our current home, and to continue purchasing foreclosures and bank-owned properties, hoping to net $10,000 per month.
Why did we reach out to Trump University to learn about real estate investing? Our son started college last fall. When the time came to pay for tuition, we looked at the dismal state of the mutual funds where we had our children's college money and, given the amount of loss they had just experienced, knew we couldn't cash it in. We needed another source of income for college. With real estate prices falling, we saw this as our opportunity to jump into real estate investing, and saw Trump University as a vehicle to get us started.
We certainly didn't want to look back at this time in a few years with regrets, saying "if we'd only given it a try..."
-Pam and Jerry G.
Seattle, WA