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CRE Commercial?? Subscribe to CRE Commercial??

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Real Estate Investor · Los Angeles, California


Recently at the Investment Club LA, Terry Hale and Jason Gilbert of CRE spoke and promoted their 4 day bootcamp. A regular member had attended the course a while ago and she spoke to say how well things were going and how she's now doing.

I'd love to hear if anyone has experience with them. They seem to have set up in essence a bird dog training class. You pay them, they teach you how to analyze deals, if it seems like a good deal, you bring it to them and they cut you in on the profits. They figure out the best use, what the best structure would be, get the financing and figure out the exit strategy.

Regardless, I'm looking forward to it and I'm sure I'll learn something.

I'll follow up once I attend in March.


Real Estate Investor · Portland, Oregon


Originally posted by "amaris"
...Terry Hale and Jason Gilbert...

I have not heard of either one of them... Do they have a website?

Also, you can use the "Search" feature to find other posts that may have commented about them...


Real Estate Investor · Los Angeles, California


Hi Eric, I searched the names and the company and didn't come up with anything.

www.creriches.com is their website.


Real Estate Investor · Portland, Oregon


Originally posted by "amaris"
Hi Eric, I searched the names and the company and didn't come up with anything...

Worth a shot... Take care!


Real Estate Investor · Portland, Oregon


I took a quick peek at their website... On their submit a deal page... It says...

...your deal must be substantially below market AND offer generous terms AND have significant upside... A good prospect is income property at 70% or less of as-is value, land at 40% or less below market value (or free & clear and owner is willing to JV), 40-100% seller financing with subordination, and potential upside of 2-3x total cost fully acheivable in 12 months...

Wow... When someone does find a deal meeting this criteria, that would be a deal! Trying to find all 3 of these on one deal (substantially below market, generous terms, significant upside) sounds like the hard thing to do.


Real Estate Investor · Portland, Oregon


Give us an update on how it goes...


Real Estate Investor · Los Angeles, California


Yeah tough criteria to meet. They seem to be doing it though so we'll see.


Real Estate Investor · Los Angeles, CA


My partner and I have considered attending their course as well. They spoke at the recent LA REIC and seemed like solid businessmen. I'd also be interested in any feedback.


Real Estate Investor · Los Angeles, California


Will do.

Originally posted by "DrJohn"
My partner and I have considered attending their course as well. They spoke at the recent LA REIC and seemed like solid businessmen. I'd also be interested in any feedback.

Real Estate Investor · Los Angeles, California


Hi, so I finished their boot camp, there's the follow up.

I just finished their boot camp today in LA. First, sitting there for 8 hours a day, 4 days in a row, I was quite surprised that I didn't get bored. They were quite entertaining and kept things moving. I feel like I learned a ton of stuff and really got a solid overview in how it works. They seemed to get a lot of the basics into the 4 days and could easily spend another 4 going into even more details. The downside of course is that there's always sales pitches going on. The guys themselves only pitched additional services the last day. But each day, the last hour or so was spent with a guest speaker. They of course had their own boot camps or programs or whatever they were pitching. Some were worth the time because you learned a bit about the subject. One other didn't give one piece of info and she purely just pitched the whole time. They take frequent breaks which allow people to network or make phone calls and try to do deals. While yes, they are making a ton of money off their boot camps and products, they really seemed to care about helping us out. They even did a couple live calls for students to try to get more info. I'll buy books and occasionally cd's if they're not too expensive, but doing a boot camp is never something I'd ever seriously considered. I have no regrets and I'm sure if you put to practice what they teach, even if you sign up for the advanced coaching, it would be well worth it when you get your first deal done. I have no affiliation with these guys, just a residential investor looking to get into commercial.

To follow up on my prior post about finding the deals and being tough to hit the criteria; well yes, those deals are not a dime a dozen, but they teach you how to filter through everything and get to the prospects quickly. There were about 4 students that actually had deals they found either from the time they signed up or during the boot camp that were deemed possible and just needed further investigation to see if a real deal could be made. There was a student that was taking the class again and had closed on a deal 2 weeks after his last class. The deals are out there, you just have to sort through and find them. But as is the case with all investments.


Real Estate Investor · Los Angeles, CA


Originally posted by "amaris"
Hi, so I finished their boot camp, there's the follow up.

I just finished their boot camp today in LA. First, sitting there for 8 hours a day, 4 days in a row, I was quite surprised that I didn't get bored. They were quite entertaining and kept things moving. I feel like I learned a ton of stuff and really got a solid overview in how it works. They seemed to get a lot of the basics into the 4 days and could easily spend another 4 going into even more details. The downside of course is that there's always sales pitches going on. The guys themselves only pitched additional services the last day. But each day, the last hour or so was spent with a guest speaker. They of course had their own boot camps or programs or whatever they were pitching. Some were worth the time because you learned a bit about the subject. One other didn't give one piece of info and she purely just pitched the whole time. They take frequent breaks which allow people to network or make phone calls and try to do deals. While yes, they are making a ton of money off their boot camps and products, they really seemed to care about helping us out. They even did a couple live calls for students to try to get more info. I'll buy books and occasionally cd's if they're not too expensive, but doing a boot camp is never something I'd ever seriously considered. I have no regrets and I'm sure if you put to practice what they teach, even if you sign up for the advanced coaching, it would be well worth it when you get your first deal done. I have no affiliation with these guys, just a residential investor looking to get into commercial.

To follow up on my prior post about finding the deals and being tough to hit the criteria; well yes, those deals are not a dime a dozen, but they teach you how to filter through everything and get to the prospects quickly. There were about 4 students that actually had deals they found either from the time they signed up or during the boot camp that were deemed possible and just needed further investigation to see if a real deal could be made. There was a student that was taking the class again and had closed on a deal 2 weeks after his last class. The deals are out there, you just have to sort through and find them. But as is the case with all investments.

That's really good to hear! I'll try to catch them myself--are you going to turn to CRE now? :)


Real Estate Investor · Los Angeles, California


Originally posted by " DrJohn"
Originally posted by "amaris"
Hi, so I finished their boot camp, there's the follow up.

That's really good to hear! I'll try to catch them myself--are you going to turn to CRE now? :)

I've always viewed commercial as my long term goal, with residential and multi-fam as the stepping stones. I've always heard the stories about needing huge cash and large down payments to play with the big boys. They revealed it's not always the case. And if there's a large down payment, it's not coming from my pocket.


Commercial Real Estate Agent · Atlanta, GA


I was searching the internet for reviews on CRE riches because I wanted to take their class in May. I am glad to hear that it was worth your while. Please let us know when you find your first deal! :-)

I heard them speak last month and I was very intrigued. I buy books etc but was never tempted to pay for a bootcamp until I heard them. Thanks again!


Real Estate Investor


i head them on a teleseminar and got some good info from them. i can't vouch for the course, however they did seem to be pretty knowledgeable on the subject.

one commercial teacher i can recommend is scott scheel. he's the real deal. for apartments you can also check out dave lindahl.
if you're interested in mobile homes there's doug otterbein and corey donaldson, both good investors with pretty good systems.


Real Estate Investor · Los Angeles, California


Please let us know when you find your first deal! :-)

I've been working on finding some commercial deals and stumbled across 2 multi-fams, a 4 and a 3. So looks like I may be buying those in the next 5 weeks.


Real Estate Investor · Pennsylvania


Good Luck and let us know how it turned out.


Real Estate Investor · San Diego, CA


Has anyone found a deal after the training?


Real Estate Investor · Los Angeles, California


Originally posted by Maria Devereaux
Has anyone found a deal after the training?


Well not exactly a deal like they have taught, but I did just buy a 4 unit that was a great deal. I think they helped jump start me into actually doing something.

Residential Real Estate Broker · Charlotte, North Carolina


Update: CRE Riches has gone under! Company has folded and apparently Jason & Terry, the principals, have gone their separate ways. Googled them and found out there was a lawsuit involved as well. Guess we're all out 5k!



I predicted that Gilbert and Hale would eventually go their separate ways. When I attended their boot camp earlier this year, they bickered on stage like an old married couple. All was not well in CRE Riches-land.

I also heard, from someone who knows Gilbert well, that he has never done a single commercial deal himself. Hale was for several years Ron LeGrand's front man for LeGrand's commercial boot camp, so he knows how to talk the talk. As partners, Gilbert was supposed to be the "inside man" while Hale was the "outside man." It didn't work out, so now they're both pitching separate boot camps with warmed over workbooks, CDs, etc. from their joint presentation.




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