St. Augustine, Florida (PressExposure) April 26, 2008 -- This show profiles entrepreneurs, and how they make their fortunes, and of course what they spend their money on. Mostly all of the entrepreneurs have made their money in real estate, whether it was luxury 100 room boutique hotels, time shares, you name it... One Billionaire, who owns three of the larges time share companies, is building a 90,000 square foot house with 20 kitchens and 30 bathrooms. Another is launching a prototype hotel in space... the idiosyncrasies befuddle me to no end. Like the guy building the largest house in America, yet still drives one of the first cars I used to own - a $12,000 used Lincoln Town Car. Why do they do what they do? Because they can."
Jeff explained how a friend of his, who's also a hard money lender and developer, just located a $50,000,000 (yes, million) pool of defaulted notes, then quickly turned the mortgages to an investor for a cool couple of points.
Kaller spoke of Goldman Sachs mortgage department and how they cashed in $2 Billion on the sub-prime fiasco . The three men responsible for the trade are expected to be paid between $5 and $15 million.
"My students are regularly closing consecutive short sales deals...which piece of the mortgage meltdown will you participate in?" asks Kaller.
Kaller goes on to explain "on the other side, there's thousands of people losing their homes, countless others hanging on by the skin of their teeth. What's the difference between both sides? Well, I can tell you what's being said by one group versus the other. One side is complaining and whining and proclaiming the unfairness of the situation, all the while doing nothing to improve it."
Kaller says, "maybe they feel unqualified to be on the receiving end. A "stucked-ness" that just keeps them from becoming a successful entrepreneur. Hey, I get it. It's hard to remember your objective of draining the swamp when you're up to your elbows in alligators. I'm just about as unqualified as anybody when it comes to having the "stuff" our society requires to make money."
In just 8 years, Jeff Kaller managed nearly $20 million in sales of products and profits relating to real estate, which over his career has launched many successful students who now teach short sales, virally spreading his short sale techniques all over the country. "Even permanently and continually changing how short sales are done in this country... collectively negotiating over $1 Billion dollars in debt... yet I have no formal training in finance...or for that matter, the field I'm in! It's important that you understand one thing: the result of your success will be that of decision, not qualification," Kaller concludes.
This Press Release has been submitted by PREasy.com