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David Finkel, an Olympic-level hockey
player and Pete Conti, a former auto mechanic have personal real
estate holdings valued at more than $8 million. They are
business owners and investors who are in demand as
presenters at real estate investment workshops nationwide
and who contribute a column to Creative Real Estate
Magazine. Finkel also hosts a nationally syndicated weekly
radio program about real estate. They are the co-authors of
Making Big Money Investing in Real Estate without Banks,
Tenants, or Rehab Projects. These guys were so sure
they could teach the real estate investment business that
they sent out the challenge: "Send us to any city with a
group of three beginning real estate investors, and in three
days time each of these investors would either own or
control a minimum of $250,000 worth of real estate using
none of their own money." The challenge was accepted and
they went down to San Diego, California to make good on our
challenge. During this 72 hour period Peter and David and
three beginning investors picked up over $1.5 million
dollars worth of real estate with only $37 down. Since that
time they’ve been asked many times how they did it, and how
someone else could do the same thing. Taking what they
learned on the original San Diego Challenge, They want to
share with how you could find and close a deal in any city
in 72 hours or less.
Among their plan you must first get your leads together fast.
Create a list compiled from local paper’s real estates for
sale ads. They must be for sale by owner ads and they need
to be at least 1-3 months old. Next list all the properties
for rent that are between 2-3 weeks old that look like a
property management company does not control them. Next,
sort through your leads by making phone calls. After you
make contact you can sort out the house details. This step
helps eliminate non-motivated sellers. You stick with this
step until you set up 4-6 quality appointments to meet
sellers. The third step is to meet the owners
face-to-face. The final step is to get the deal closed
within 72 hours. You have to build rapport, listen and draw
out their real needs and find a win-win solution to meet
their needs and make a profit for you as the investor. That
is all there is to Conti and Finkel’s plan and they say it
works.

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