Commercial Property Mentorship Program (apartments)

[Kurt Baltutat]

All, I am hoping someone has a recommendation for a mentorship program for CRE in small apartment buildings. I have experience with a duplex, but would like a step by step 'program' to accelerate my growth, avoid pitfalls, etc. into the 5-20 unit category. Books and video training is important, but I am also looking for an expert that is accessible as the deal evolves. Peter Harris's content is excellent, but his screener just told me it is $15-$40k up front and 50% of all your net cashflow until he gets paid $500k. Yes, $500k! I realize a good program will not be cheap, but the $500k took the wind out my sails. Thanks in advance! Kurt

[Account Closed]

@Kurt Baltutat Hey Kurt! Have you considered starting with larger multifamily? I originally started with an 8 unit because I thought you had to "scale" up - I quickly realized larger properties would make me a lot more money and less headache because of economies of scale. You can also scale faster and build a big portfolio because you don't run out of money when you're raising capital from investors. I went from an 8 unit to 173 units through finding the right coach (and added another 236 units last year) - happy to chat more and give you the pros/cons from my personal experience. I'd hate for you to start small if you want to eventually go "big" - you might as well start there! Cheers - and best of luck in your RE journey.