My Real Estate Beginnings (PART TWO)

I had been sitting at home and watched a two-minute TV commercial which discussed the subject of “Real Estate Investing”. The message was, “If you have a house with over ten thousand dollars in equity, you can buy real estate with, “No money down”!! This message was followed by an invitation to a local hotel with free admission and free lunch buffet.

That was one invitation which I couldn’t afford to ignore. I was so motivated that I called the toll free number as soon as the commercial ended.

That coming Saturday afternoon I drove to Woodbridge New Jersey, a short 15-minute drive from my home. I arrived a few minutes early to find a good seat.

The speaker started a few minutes late but the room was absolutely packed. There were no seats to be found as he started the program.

“Please raise your hand if you presently have a mortgage” … everyone raised their hand. “Please raise your hand if you have either an FHA or VA mortgage”…. and again, everyone raised their hand. “Please raise your hand if you have been paying that mortgage every month for at least six years” …. 95% of those in attendance, raised their hand.

He then said, “For those who did NOT just raise your hand, remember what I will be teaching you so that when your payments reach the six-year mark, you will learn this most important information which can earn you from $5,000.00 to as much as $15,000.00 in cash rebates”.

The speaker then explained that the Federal Government via the F.H.A. and V.A. will never tell you that with all the PMI (Insurance payments) you have been paying, means that depending upon the location, the premiums have been put into a “pool” and if that pool is not paying out any major losses due to foreclosures in that area, the pool may be so large, your “share” of that pool could be the amounts, which I have just mentioned, “$5,000.00 to as much as $15,000.00!!”

I am going to explain, after you enjoy the promised “Buffet Lunch”, exactly how and where you can apply for that ‘rebate’.

After having lunch, the program continued. The gentleman talked about the money which will come from the “rebate” would be used to buy a ticket to a special even weekend at the Marriott Hotel in Philadelphia which will teach many different facets of Real Estate investing.

He ended the program telling folks that if they were interested, the weekend seminar would cost $500.00. This will include, meals, hotel and entry to this special three-day event. Starting on a Friday, the event schedule would last from 10am to 6pm with breaks in between.

I was absolutely fascinated with the different aspects of Real Estate Investing and thought to myself, “if I am in an area where I can receive a rebate and this seminar has provided me with the information, “why not use that money as the payment to learn more about this subject, itself?”

Well I came forward at the end of this four hour event and gave my American Express card payment and enrolled in next weekend’s Seminar. Almost everyone in this large banquet room, who attended this, “Preview”, as I found that this was called. I couldn’t wait to learn about this subject, through and through.

Stay tuned for: “My Real Estate Beginnings” (PART THREE)