Our success stories
Foreclosure mentoring legacy endures
In this section we typically profile a satisfied Foreclosure.com visitor or trainee who has gone on to achieve a great deal of success thanks in large part to our unrivaled property information or because of one of our many training opportunities.
This time around, however, we want to share a little background on one of our Foreclosure.com Three-Day One-on-One Real Estate Training Retreat instructors, Lance Young. He's come from very modest beginnings to become one of the most innovative and successful investors around.
Lance is all about teaching others about how to follow in his footsteps. That's because he knows how it feels to struggle and scrape by just to survive. And he learned at a very young age that real estate was his ticket out of the poorhouse and into the penthouse.
"I came from a modest background — my parents didn't buy their first house until I was a teenager," Lance recently revealed. "One day, I overheard them talking about how much our home had appreciated in value. It was at that moment that I grasped the concept of how a house gained value over a period of time. I've been hooked on real estate ever since."
Indeed, all Lance had to do at this point was find a way to make a living out of real estate because he knew deep down that it held the promise of a good life. He signed up for expensive seminars and workshops, purchased countless "how-to" books left and right, as well as approached anyone and everyone around him at the time about how he could get in on the action.
Unfortunately, it didn't get him very far.
"After leaving the seminars, I felt like I could buy any house that was in foreclosure," Lance said. "But when I woke up the next morning, I felt overwhelmed and confused without a clue about where to get started or what to do. I'd listen to several of the tapes that came with the seminars and studied some of the manuals. They just made me more confused. A few days later I would give up."
Even though he was lost, Lance kept his nose to the grindstone and kept up the persistence — a trait that almost all successful real estate investors share. He knew that it was only a matter of time before he would put all of the puzzle pieces together and begin to cash-in on all of his hard work.
That's when he met his future mentor, Ernie Kessler.
"Ernie was a local investor who was teaching a seminar," Lance remarked. "I enrolled in a $5,000 five-day seminar to learn how to really buy foreclosure properties at deep discounts. It was a fairly large expense, but I figured the investment would be peanuts compared to what I would make down the road."
Lance was right — the structure of the course ensured that he would not have to stress or worry about how to apply the knowledge he gained on his own once the course concluded. Built in to the cost was a one-year consultation fee with Ernie, meaning that anytime Lance had a question or needed some advice he could get it with just a phone call or a personal visit.
"Because the seminar was so intensive, the number of class participants was limited," explained Lance. "This seminar also included personal consultation with my instructor for the next year. I learned everything I needed to know over the next year. And you know what? It was worth every penny!"
Shortly thereafter, Lance began to realize the dreams he envisioned as a teenager. He was making money hand over fist thanks to real estate. Lance leveraged all of the experience and knowledge that he learned from Ernie — who passed away in 2003 — and soon began to create his own investment formula.
He was (and still is) living his own dream. And when neighbors and friends began to ask him for advice, Lance was not shy about offering up his services.
"One day, a friend who lived in another state asked me to teach him how to buy preforeclosures," said Lance. "He ended up doing some very good deals and this made me realize that I could teach other people how to prosper in real estate."
In fact, just 10 years after his first foreclosure deal Lance had already authored four books on real estate investing. He made each step easy to follow and wrote it in plain, simple English, just the way he wished he could have learned it when he was starting out.
"I've been teaching people how to earn a living in real estate ever since," said Lance.
That's the reason we're so excited to have Lance as one of our expert instructors at the Foreclosure.com Three-Day One-on-One Real Estate Training Retreat, which is scheduled to take place in the next few months.
Not surprisingly, Lance leaped at the chance to lend his expertise as an instructor because he sees a lot of similarities with the instructional model that led him to success. It's also his way to ensure that the prestigious legacy of his mentor, Ernie Kessler, carries on through him.
The Foreclosure.com Three-Day One-on-One Real Estate Training Retreat coaches you well beyond the three-day retreat experience. Put simply, when you make the investment to learn from us, we make the investment to ensure that you succeed at no extra cost.
It's a partnership that lasts a lifetime.
Literally.
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