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Updated over 1 year ago,
Apartment Course: Joe Fairless or Michael Blank
I grew up in a family owned construction business, spent a few years as a realtor, and then spent the last 15+ years in Program/Project Management at Amazon and Boeing. I am finally coming back to real estate, specifically multifamily. I spent the past 18 months reading various books, listening to podcasts, reading blogs/forums, and working on my own spreadsheets. Needless to say I haven't taken any action and have been stuck in analysis paralysis. My issues are: (1) I believe in win/win deals but to get apartments (or houses) that pencil out for me, it seems significantly less that what people can get on the market (particularly in the greater Seattle area that I am located). (2) I am not a very outgoing person unless I am comfortable (e.g., people at work would be shocked to find out that I fear going to networking events, cold calling, etc.), however I get better the more confident that I am and my confidence comes from knowing what I am doing (I'm not a good BSer).
With that said, I'm thinking of doing an Apartment course for three reasons. (1) It will give me the womb to tomb process flow of Apartment investing along with the tools and templates to gain confidence. (2) Spending a couple thousand is more likely to incentivize me to start taking some action (along with the knowledge), even if I'm intimidated by it. (3) I am hoping that they provide some ways to obtain additional capital if I find a deal that is beyond my means. Below are the two that I narrowed it down to:
- Apartment Syndication Mastery by Joe Fairless ($3,000) https://apartmentsyndicationma...
- The Ultimate Guide to Buying Apartment Buildings with Private Money by Michael Blank ($2,000) https://ultimateapartmentinves...
Does anyone have any experience with either of these or recommend a different one? OR, does anyone have any recommendations on Direct Mail and Cold Calling multifamily owners (or any other method of marketing that works)? I'm not looking for a get rich quick scheme and understand that this is going to take a lot of hard work. I just want to expedite my journey by paying for a proven system, with teaching, and a community to assist (this is less important as BiggerPockets already exists).
I really appreciate all of the information that the community has put up on this website and anyone who is willing to help me out.