1.2 Billion Dollar Man

Posted on April 13, 2009 by IC N in Commercial
Tags: , ,


McGraw-Hill, Ramsey Office Center, Ramsey, NJ
11 Metrotech Center, Brooklyn, NY
Internal Revenue Service, Ten MetroTech Center, Brooklyn, NY
…and the 240 Park Avenue South, LP, New York City

One of his latest real estate projects “The 240 Park” in New York City, was a major challenge due to rising construction costs which delay many projects in New York City. This project was agreed upon to be built by union contractors where costs are much higher which can typically exceed $400.00 per square foot in most instances. Due to the Park Avenue exposure and complicated nature of the structure we were forced to build union. Because, it is very difficult to find non-union superstructure contractors qualified to perform in accordance to the architectural and engineering requirements necessary to meet the schedule.

So, we tried to cut some corners!

One of trades we recommended to our Construction Manager mobilizes on-site with non-union men. The project is shut-down. We then place subject contractor on 72-hour notice to rectify the situation to prevent termination. The contractor mobilizes with a union subcontractor who he teams up in an attempt to perform. The sub-contractor we find out has not paid union dues and the work is stopped until dues are paid. To make matter worse, we find out the subcontractor has no money.

We attempt to agree on a multi-party check with the union, construction manager, contractor and sub-contractor to assure payments. A binding agreement is signed and we’re ready to go!

Contractor gets started and does not provide enough manpower to meet schedule. He is unorganized and damages materials purchased direct from stone and marble supplier. He does not have the proper equipment. The job is delayed further and we ultimately terminate the stone/tile contractor.

Now! What do you do?

Take immediate action. We tried to save and the decision cost us time and alot more money. We called the original qualified contractor who we elected to pass in error. We paid a handsome premium on their initial bid which resulted in a two-month delay and $1M increase in the guaranteed maximum price.

Fortunately the project had the profit projections to absorb the error which I call.

“Cheap can be very expensive”

This is the kind of experience you will learn from me so you can be profitable in every Real Estate transaction.
What I’ll show you in the next few minutes will make the seemingly complex world of commercial real estate investing Easy for you and enable you to Make Millions with a very small time investment.

Now, I know you’re probably skeptical. That’s normal and healthy. So here are three good reasons for you to take action:
What I’ll show you in the next few minutes will make the seemingly complex world of commercial real estate investing Easy for you and enable you to Make Millions with a very small time investment.

Now, I know you’re probably skeptical. That’s normal and healthy. So here are three good reasons for you to take action:

Three Reasons to Take Action!

 

Reason one: I personally did my first 14.2 million dollar deal with none of my own money and became a millionaire from it. I walk my talk and have the experience to back it up. I am a real proven expert.
Reason two: The system behind my success is highly acclaimed by New York’s elite and has enabled me to do over $1,200,000,000.00 (Yes that’s $1.2 BILLION) in commercial real estate deals.
Reason three: New-York’s greatest Investors & Developers stand behind the power of my system and they back up what I say. Also, some of the wealthiest people in the world trust in me because of my system, it’s a reputation maker in itself.

 

The Only System These Guys Endorse…

 

 

Tony Robbins

I salute you for your excellence! Live with
passion! I know you will continue to do so.
Anthony J. Robbins
Donald Trump
Keep up all of your
good work!
Donald Trump

 

Is it REALLY true? Can I TRULY…

Retire After Only ONE Deal?

It’s true. Why? For a few reasons:

 

Reason #1 – The Dollar Amounts: When you do an 8 figure deal you‘re doing a project anywhere between 10 million and 99 million dollars.

The important thing to remember is when you‘re doing a project like that you can make much more money than some house flip. I mean, you‘re dealing with millions, not thousands.

For instance, there’s a friend of mine who just did a 9 figure deal. This was a deal that had total developments costs of $105,000,000.00 (that’s $105 million). And this guy’s making over 48 million dollars in gross profit.

48 MILLION!!!

I think you can retire on that amount of money, don’t you?


Reason # 2 – Lack of Competition: Everybody and their uncle is doing residential projects, most the WRONG way, but only a very few are doing commercial. Our combined system enables you to give a unique selling proposition, which annihilates the competition.

In this business, you have virtually no competition anyway because very, very few people know how to do commercial deals the right way. And with over 1.2 Billion dollars in development we can show you the right way to do this business.

With hardly any competition you can find an unlimited number of these projects. Each one can make you millions.

 

Reason #3 – You DON’T Need Your Own Money: When I was getting started on my own in commercial development my 1st project, a $14.2 million dollar assisted living facility, with none of my own money.

I didn’t have any money at the time. I made more than enough money on that project to retire with $1.4 million dollars in profit off that one deal.

Now I know that’s not a ton of money, but invested at just 10% interest a year it still creates over 140k a year in retirement income. What would you do if you had an extra 140k a year in cash coming to you?

That’s just ONE deal.

His name…Ken Van Liew

If you would like to learn from Ken you can check out his book here

or he is starting a new Real Estate Investment Academy for people that are serious about making it big in today’s market.