Peter Conti Or William Bronchick?
I did a search on Bronchick for this site and it seems people speak highly of his other courses, yet no one mentioned his Lease Option Step by Step Course. I Read one of his books on Flipping properties, but I became more interested in Lease Options after reading a book by Peter Conti and David Finkel entitled, "How to buy homes in nice area's with nothing down."
I really liked both authors, however, Peter Conti's course focuses mainly on Subject To's from what I have gathered and William Bronchicks course obviously is geared towards Lease Options. I enjoyed Peter Conti's book more and I am going to pick up his other this afternoon, however, I don't wish to buy the course for $700 and have it be full of information that will not help me with lease options.
I recall reading somewhere that only 1 in 5 deals done are subject to's since it requires an extremely motivated seller. Sorry for the scatter brained question, but can someone point me in the right direction. Surely someone has read these courses. Also, I have seen the Peter Conti course on Ebay for $300 in someones store, is there a website that I can order it for that price? :-?
Conti and Finkel do go over Lease Options in detail (and are considered to be the Lease Option Kings of North America), but I have not personally seen their materials. I recommend anything by Bronchick.
Well, in the discription of thier product it only mentions Subject to's which makes me skeptical about purchasing it and not recieving the information I am looking for. Has anyone here actually read thier products?
Leftoverchinese,
The smart money is on Bill Bronchick's Lease Option materials.
Bill is a very knowledgeable investor and course writer.
John $Cash$ Locke
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Thank you very much John! :-D
That's because you are reading only their sub2 course outline. They also have a L/O course. But I'm with John--Bronchick knows his stuff. I do have his L/O course, and it's great.
Will I need any supplements or other materials to put that into action or will that course be all inclusive?
Bronchick always gives much more than you need as far as Contracts go. He throws in some good marketing ideas also. Don't overlook Wendy Patton. She put her own unique twists on things--like using real estate agents (she even includes a ready-made Power Point presentation to use with agents).
I have read all of Conti's books. He explains well, but he stops short of really giving you good info.
I looked into their mentorship program, but it was $20,000 to buy in, or $5900 and you split your first two deals with them.
I am going to look into Bronchiks course since reading here.
Just my 2 cents worth.
John
Also check on Barney Zick's materials.
Zick has been L/O'ing a long time and there's not much he doesn't know about it. A very good mentor/teacher.
And, big bonus, BZ materials are very reasonably priced.
Google for "Barney Zick".
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June Smith writes:
"if you are unfortunate enough to live in let us say New York, Atlanta, San Francisco or L. A., I wouldn't bet that their teachings will work as it does in Colorado or Tennessee."
Denver property has experienced virtually zero appreciation in the last three years, and there are no incoming job sources on the horizon to replace
it's tech bust.
Those unfortunate enough to live in L.A. have experienced 25% appreciation in the last year alone, and with Socal's diversified economy, it's real estate prospects continue to look better than Denver's. Rents in Boulder county are down 20%, if you can find a tenant at all. I just ran an "Owner will finance-no banks needed" ad in the Daily Camera for 1 month, and got two calls from investors and one from a prospective tenant/buyer
who did not have 3% for a lease option.
Fortune is a question of perspective.
"The easiest money I have ever made has been from appreciation"- John Wittenmeyer
Thank you guys so much for your replies. I will be ordering bronchicks information. :-D
I am a mentorship student of Conti and Finkel and the program materials as well as the mentorship program are worth their weight in gold. The Protege program focuses on Lease Options primarily, but also touches on several other creative ways to buy property. I haven't seen Bronchik's course, so I can't compare the two, but I do highly recommend the Protege program. I have been doing it about a year and signed up 8 L/O deals, but kept only 2 for various reasons. That's the beauty of it, the contracts they give you allow you to back out w/o 1 cent coming out of your pocket if a deal doesn't work out for you.
Just my 2 cents...
What can you tell me about the mentorship program? Did you get to work along side Conti and Finkel? What did it cost and what did it consist of?
I, like you, read one of their books and found it to be about the best thing out there. I felt like the books had some substance to the information that was given. The Protege materials include quite a bit more.
No, I didn't get to work alongside Conti and Finkel. I did meet them at the 3 day training class they were teaching. They are both very down to earth people. The mentorship program has a group of coaches (former students) that are there to answer questions and help you along on conference calls. These are held 3 - 4 times a day. Once a week, David or Peter do a training call live and the recording of it is played several times a week. And there is the discussion board where they answer your questions.
Last year I paid $5K with 50% of my 1st 2 deal profits going to them. The $5K came back to me in my share of the 1st deal.
The program consists of what I mentioned above along with several manuals, videos, audio CDs, and a CD with all the contracts and forms to use. It is a year long program and they will help you out with any type of deal you have questions about, including sub-to, foreclosures, etc. The only thing that doesn't work really well is finding an attorney in Texas to really work with me on the closing documents recommended by them and finding title companies and lenders that will do a simultaneous closing. But, I think that has more to do with the "creative" side of the deals than the documents themselves.
Both are good, I think that for $149 you can hear both of them at the CREI annual convention (sold out last three years in a row) I reserved two seats for I think $198.
I have enjoyed both their courses though I prefer Bronchick a little better, he is a little clearer, has had better quality audio materials in the past, and you can actually get him to email and talk to you about questions you might have...
Good Luck!
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Guys,
I liver in NY have been looking at other deals outside my area but wanted to also do more deals closer to home are we saying lease options are not doable in ny ? If so what might be the best strategy in ny ? thanks to all in advance :-?
I have the course by Peter Conti on lease options and i also signed up for the mentorship program. The material in the manuals is ok, the audio CD's are really poor sound quality and cheaply done. The mentorship program is a total waste of a lot of money, for many different reasons and the money back garuntee makes you jump through so many hoops as to make it impossible to qualify for. If anyone is interested in trading anyhting for the course, then let me know, i am looking for Dan Dorans or Greg Dorriety"scourses if anyone has them.
Dear Janet,
I am shocked you bailed on that many deals?
My dear young lady, you must work more on the front end, which is where it really is at. I love to read, but in my long sordid experience, I find that the dumbest of method is workable if, big if, you have created the right situation.
The Seller likes you and you are a friend. He will then go along with you even when you have not a clue as to what you are doing, and are flailing like crazy.
My first deal way back when those big snakey creatures walked the earth. I said to the nice owner."I really like the house and I really want to buy it. I can fix things like crazy, my plumbing is much admired. I have $300 in my bank account so lets just go to Consolidated Escrow and ask Lillian what we should do.
Lillian suggested that I leave, but we hung in there and I got the house and he took back the balance of the purchase price in a note with no interest for five years and then bang. It was all due. We could not afford a title report so Lillian fronted the report in exchange for the next five transactions.
The now ex owner lived in the garage for the next two months. Helped me paint the house. showed me how to get electricity without paying for it until my check came in. Even mowed the lawn and left the mower with detailed instructions. Ah you civilians you can really spot the ex military.
If it is the paper work you really want to learn and you want it correct for your state. Go to the law library and ask one of the highly educated afraid to practice attorny's that hang around there. They will show you the instruments, describe the good and bad and make a selection if you can tell them how you want to operate. Buy then dinner and when you get through you can probably pass the bar. Books tend to get out of date and ignore the things of present time. Here in LaLa land you have a tremendous spike in real estate prices. Frankly I worry that they may not hold so I try to go in and out but fast. Cut the exposure time in title and to do that the present contracts must be adjusted. If you cannot perform you want to get out clean and still be a friend to the client. To do that takes more then little pieces of paper. Work on the front end. Your fail rate of 8 is much too much. Clean up your act as to selection of property. Enjoy, get rich, I love to talk to rich people.
Cheers Lucius
I am sorry bear with me. There are some things that have to be said. Shoes and Ships and Sealing Wax and, Cabbages and Kings.
Number one. Discount all of those who have written big expensive books. Concentrate on the quicky books which are published fast and loose and most of which are on the Internet. Nothing over $10. plus tax and mailing and kisses from the so called on line publisher.
Things are changing. Regulations are coming on line to protect those who are fallen from those who come to pick the bones. So you must pick up the mantle of Loss Mitigator. Your job oh mighty Mitigator Man or Women
is to save the fallen from the clutches of the bad bad loan people or loan department employees who do not give a damn have no incentive to help and must be worked on to even do their job. Get out and save and when the situation cannot be saved. Then go the next step and get them out with something in their hand other then a handkerchief or a copy of an old Grant Deed.
I expect within the next few weeks companies will form up to teach for a high fee this simple little task. You want to learn it. You are at the right place on this site are contributers who are really checked out.. You know them you see them post. Use them. The smart A$$ from Chicago who knows more then I know and is much more personnel. Ask him and slurp up the answer. You think I am not learning? You think I am here just to excercise my two index fingers on this dumb keyboard.? It is all right here and the rest, the front end you can be advised but you and only you can go and do it.
I used to knock on the front door and then drop all my papers and my glasses. It worked I got talking about clumsy and that lead to problems, and that led to coffee and sometimes to deal and sometimes to another deal cause this one could not be solved and the only help that could be given was a blessing or, if so inclined a match!!!! Oops sorry John du Locke, was that your big snake? John is pretty checked out he actualy went out and did it. But John is rich rides from state to state in a big motor home, has ladies spotted throughout the United States and if he can get that Ark to float he is on his way to foreign clime. Ask him he will tell you work on the front end, and then buy a book..
Cheers Lucius
I have read both authors, and the best bang for the buck far and away is Conti. He has much more detailed information per every sq. page then Bronchic.
Sgt. Philko,
I think your right on in your assessment.
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