Recommendations for an Apartment Syndication Mentorship Program

[Jaren Barnes]

I've been looking closely at the Think Multifamily group with Mark Kenney, and though I fully see the value there (I think Mark is a great guy), $35,000 for a buy-in (plus a $10,000 yearly fee) is a lot to swallow.

Are there any solid, less well-known groups, with a ton of value for around the $10,000 mark?

[Bryan Hancock]

Think about a "guru" program for a moment and how it is from the person who is the star:

-Even if they're well-meaning.  There are only 168 hours in a week to spread among N people wishing to access their time

-Their "helpers" are generally not as sophisticated or experienced.  Those who are suffer from the same problem as the first bullet

-Any sort of residual effort invested in "old" clients offers little value to the person who is the guru unless you can deliver ongoing value.  This generally manifests and some cleverly-guised form of unlicensed broker-dealer activities or something that would require a securities registration and the inherent oversight

If you simply skip all of their filtration system and frame set up to turn you into a robot for their system by approaching those in the real world investing more time doing deals than pyramiding unlicensed broker-dealer systems you'll find better and more sophisticated syndicators.  They're not very hard to find if your approach is one where you offer tangible value net of the risks they take associating with you.  Start small, offer value, listen more than you speak, and work your way up; slowly.  Syndicators value:

-Their time - It is very limited so don't waste it

-GREAT deal flow.  If you can find great projects and actually underwrite them properly you can allow them to leverage their time more

-Tangible value in a project PLUS investor introductions so as not to run afoul of the securities laws.  Being able to work investor leads properly and not stain their business with unreasonable expectations offered to investors

Think about what you can provide/give 100X for what you receive and you're off to a good start.