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Updated about 1 year ago on . Most recent reply
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Commercial real estate mentor. Is 50% until $500k a normal cost?
Hi there,
I am persuing cashflow through multifamily real estate investing. After a lot of study I believe that having a mentor is my best option to get started.
At the moment I have found a mentor that charges 50% split on all net Cashflow until $500k is reached ($250k each).
I believe that this mentor is very qualified due to his decades of experience and the books that he's authored and also books that he's co-authored with other well know real estate Moguls.
This is a big commitment into partnership and just wondering what the general populus thinks about this agreement.
Also, if anyone has suggestions for specifically apartment investing mentors I would appreciate it.
God bless
Most Popular Reply
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Sorry for the late reply. I ended up not going for the mentorship program I talked about in my initial post. I found a group called "success classes" by Anthony Chara, mainly becuase they were in my town and I could meet personally with them and network.
I spent a total of $20k for the classes, got a coach for life, and got a pretty decent size group of investors to email proposed deals to.
it has worked out quite well. I bought a 16 unit, 32 unit, 20 unit and a 12 unit, all in a 2 year period. I sold the first 3 at top of the market and personally made $520k in a 4 year period, plus distributions. I made my investors an average of 48% annual average rate of return so they are ecstatic.
Ive been busy with single family for the last 4 years but I'm getting ready to look for a larger multi deal.
All that said, the mentorship program I went with was a life changer, and only cost $20k. Made that back in my first syndication fee 🙌
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