Dean Graziosi presents a short "drive-by" video discussing a commercial property on Milton Turnpike in upstate New York that he and a partner purchased after obtaining a right of first refusal. He uses the example to illustrate how networking and creative deal-structuring can enable investors without capital to participate; he also profiles a student, Matt Larson, who started with no money and completed many deals (positive cash flow, sizable net worth increase). The speaker encourages viewers to send good deals to investors who can fund them.
Chapters
All right, this one, we're just going to do a drive by and show you a piece of property that's a Milton Turnpike, it's called. And this is a piece of property that you can see looking out the windshield. Here goes probably a quarter of a mile. There's my finger up here. But if you look at this property, it's one of the few commercial properties along the 9W corridor. It's the main corridor in this little town in upstate New York. And this property is invaluable because there's no commercial property left in this area. And besides commercial property, it's still going. Stops right about here. Okay, now I'm going to turn the camera on myself. Hey, this is Dean and I'm driving. Here's what I'm going to tell you about that property, about talking about putting yourself out there. Everybody knows that I invest in real estate. I tell everybody I know, I invest in real estate. I tell them if they find a good deal, they don't have the funds, let me know because maybe we could work something out. Because I was that guy that you might be right now that found the good deals and didn't have any money and had to be really creative to figure out how to do something. Well, now the role's reversed and I'm proud or honored to be able to say that I can fund deals. So I put it out there to people. If you find a great deal, you let me know. And that property there, I've been wanting to buy that property literally for the last 10 years. And a good friend of mine's father actually was left the ability to buy that property in a will. When the owner passed away, she gave my friend's father the first right of refusal. And his father, his father didn't want it. So he called me and said, dean, what do you think? I said, let's take it. I'll make you my partner, I'll put the money up. And that's what we did. We bought that property, got an amazing deal. That's a million dollar profit on that property for sure. It's main highway on a corner. Probably going to put a strip mall or just get the approvals for a strip mall, some kind of nice, really Starbucks kind of place, and then sell it. And, you know, let me just tell you how far that goes when people say, well, I don't have any money, I can't do deals. It's just so far from the truth. Again, I'm out there right now looking for people like you to send me A good deal. And of course I have, I don't have my seatbelt on. That's why you hear the dinging in the background. But Matt Larson, one of our top students, you may have seen his video. Matt started with no money, living in a 900 square foot apartment house. Apartment, got my course. The funny thing is he got my course a week later. He didn't do anything with it. He was going to return it. He called the return and one of my customer service reps said, did you take action? Dean would love for you to at least try it before you return it. And that's what he did. Fast forward 18 months later, Matt is on his 25th, fourth deal. He did his first 19 without using a penny of his own money, not a dollar. Matt won a contest. We did a contest that you'll be made aware of very soon, that he sent in some home video of his properties and how he bought them, how he sold them. He won. He won a free vacation on me. And he ended up wanting to go to Arizona. So we flew him to Arizona, did a hot air balloon over the Grand Canyon, went fishing, did everything that he wanted to do on us because he won our contest. And helicopter rides. And I met him for dinner. Lots of great stuff. But I met Matt. What a human being. And I decided with him he's finding more deals than he can even afford right now. Even though he's on 24, he's got positive cash flow, thousands of dollars every month. Net worth over $600,000. Had zero net worth when he started. But I told him, I said, you're finding great deals, let me know. And he just let me know about 38 deals over the last couple of weeks. And we're probably going to buy a couple together. So there's a lot of people like me out there that would love somebody like you to find them a great deal. So that's it. I hope this wasn't too confusing doing this here in the car. And you take care. We'll talk to you next month. It.
