Any feedback on the Scott Scheel program?

Question

I am considering the Scott Scheel program, We are not rookie real estate groopies but would like some training in the commercial arena. Is his course instruction (real world) or just seminar world? Is there anything better for the $ out there ( west coast). Thanks Treetop

Elchanan Fontaine · Answer

Hey Guys! I know this is a very old thread but I'm looking for some feedback on this as well. I Just dropped a $1000 on his commercial real estate program (not the actual classes, just the material and some other bonus perks) supposedly valued at over $5000. Thinking about it now, feel It was very stupid of me to do that without really researching for review and such. That being said, I still have 3 business days for a full refund. However before I proceed with that, I wanted to see if anyone had gone over the whole thing and could advise on whether I should get my refund and spend the money on other resources that would be more worthwhile.

Let me know please.

Account Closed · Answer

I don't have Scott's course because he gives the same presentation about his DOG and ex girlfriend, him being homeless, then proceeds through a bunch of Title Company Check images. I looked the last time. NO DATES ON THEM. When was the last time a check was written without a date on it?

Just my $.02 worth.

Elchanan Fontaine · Answer

After doing some more research on it, my gut feeling now tells me that I should definitely get my refund.  Thanks for the feedback Jack.

Account Closed · Answer

I was somebody's plus one about a decade or more ago.  ( no idea of what this program looks like today)  There was some decent content and fluff from what i remember.  Knowing what i know today, i would not pay for this program personally,

Kevin D · Answer

I'm in dallas and looking at Ray's course.  There are several REI clubs in dallas however, do you happen to know if any of them would be good to get into if pursuing the commercial side?   most seem bent to res.   thanks

Oh yeah, any help / suggestions mentoring.... hookups etc would be appreciated

kevin

Brian Stutzman · Answer

I attended then reattended Scotts program and found it very good.  I had a deal thrown my way, found scotts program, went, learned how to value the property, came home and bought it.  I probably would not have been able to close the deal without what I learned.

I own several homes, but commercial is a whole different world.  Values are based on NOI and cap rates, not comps.  Scott may not be for everyone, but I am glad I did it.

Account Closed · Answer

Uri,

Are the course outlines public so that people can see what info is covered in each class?

CCIM designation means a lot in the commercial broker space. I would not expect much need to attend a CCIM class if one is an investor as the math is covered in books. As you noted networking in remote locations reduces the value of the contact.

John Corey

Uri Gofman · Answer

the first class i believe is an introductory 1 day class and then there are 4 classes that last 5 days each.  you do not have to be a broker to attend the classes.  they are open to everyone but you have to register long in advance as there is limited space and they fill up quickly.  cost is about $1000 for the week plus your own accomodations.  depending on where you live, you will likely have to travel a bit to attend the class.  the classes are taught by seasoned commercial professionals who are a wealth of information.  additional benefit is the networking in the groups.  try to attend those classes closer to your home to take more advantage of more local crowd to network with.  great math and analytical skills in taught in every level and some great discussions.  no hype at all.

Uri Gofman

Account Closed · Answer

Uri,

To confirm what you said.

You have taken 3 courses with each one lasting 5 days full time. Is that correct?

What can you share here about the analysis and math covered in the courses?

Are the CCIM courses open to the public or only open to commercial RE brokers? What are the fees for the courses?

John Corey

Uri Gofman · Answer

i have his course and am frankly disappointed about its content.  a little bit of financial analysis guidelines and a lot of general information.  i highly recommend CCIM courses for anyone interested in serious commercial investments.  i have taken 3 of the 5 weeklong courses and have learned a tremendous amount.

Uri Gofman

Any feedback on the Scott Scheel program?

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