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Updated 10 months ago on . Most recent reply

User Stats

47
Posts
37
Votes
Ben Bolingbroke
  • Salt Lake City, UT
37
Votes |
47
Posts

Multifamily Investing Mentor

Ben Bolingbroke
  • Salt Lake City, UT
Posted

I have done a few residential buy and hold investments, but I am wanting to get into commercial real estate and apartment syndication.  I have a lot of money saved up from a sales job, and I am thinking about doing Michael Blank's 1 on 1 mentorship program that guarantees getting a 30-60 unit deal within a year, but the program costs 30k.  Is this a bad idea? Am I crazy? Thoughts?  

I would appreciate any advice. Thanks!

Most Popular Reply

User Stats

128
Posts
89
Votes
Rick Novotny
  • Investor
  • Kansas City, MO
89
Votes |
128
Posts
Rick Novotny
  • Investor
  • Kansas City, MO
Replied

I don't know who that is, so I might be wrong but be careful with those kinds of programs. A lot of those gurus will promise the world and underdeliver.

Since you have experience as an investor, why not just start to scale it up? You already know how to do it. You can use stepping stones. For example, purchase a 12 unit then a 20 unit, ect. After a couple of those it will all be the same, it won't matter the size of the deal.

If you're interested in the Kansas City market, I can help get you started here. Either way, I can help you find an excellent agent in any market in the country. Let me know!

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