Quote from @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
I had the same conversation with his screener about 6 months ago. I get it... if he helps you make $1M then you have $500k more than if you had nothing but that cut is crazy. I've talked to a handful of people from these "mentorship" programs and it seems like they are all very expensive ($50k+).
The best thing I ever did was to get out and meet people locally. I read every book and watched hundreds of hours of content online but nothing accelerated my learning as much as talking to people. If I could give you advice I would say go to meet ups. This is the same advice you will find in a lot of the Biggerpockets podcasts but if you can find someone who has experience, build the relationship and see if you can partner with them as a GP on their next deal. I bet you have a deal of your own under contract before you close on the one you partner on!
Best of luck!