Peter Harris Protege Program Questions

[Tenzin Samphel]

Hi everyone,

Hope everyone had a happy holidays. My interest in Commercial Real Estate investing led me to Peter Harris's videos on YouTube, which are all very helpful for a beginner like myself. 

After signing up for the protege program, I was scheduled an interview that felt more like a product being sold. Initial cost of $997 for books and learning material that must be purchased, plus a $10K-30K up front deposit based on time allocation with Peter over the mentorship. The deposit will only be returned after a 50/50 profit sharing of 1 million (500K goes to Peter Harris). To me these numbers sound intimidating and it seems as though it'll take many years before the deposit can be returned to me after years of profit sharing to total $1 million.

Has anyone recently enrolled in the program and what are your experiences ? 

I respect Peter Harris as a teacher giving valuable information on YouTube, but the data on students/mentees is not very transparent. 

Appreciate any inputs anyone can give. Thanks! 

-Tenzin 

[Scott McElhaney]

Tenzin, I’ve never heard of Peter Harris. Frankly, I’m skeptical of any investor who allocates a large portion of their time peddling mentoring/courses versus doing deals. Bottom line, you don’t need this guy. Punt on this mentorship program, if you still can. Instead read lot of books & listen to podcasts on commercial real estate. A good starting place would be to read “confessions of a real estate entrepreneur” by Jim Randel. A good podcast is “America’s Commercial Real Estate Show” with host Michael Bull.   On mentorship, start networking with people in Commerical real estate…brokers, real estate attorneys & lawyers…do this long enough and you’ll build relationships where the mentoring is organic. Case in point- my first mentor was a 70+ year old broker/investor….I literally found an ad in the Washington Post advertising his Commerical real estate consulting services for $60/hour. I did my first Commerical deal 10+ years ago through his guidance and we’ve done many since then.