Investor seeks apprenticeship...scam? or

I thought I'd reply and share it as my first blog post 

I actually did call the number and went through the entire pitch Here is my post regarding my experience.  

In a nut shell,,,

Here's what I found, most likely the ads or signs you noticed in Chicago where from someone affiliated with Chicago Business Development Group. Kind of an interesting business having formed years ago as a marketing affiliate for Renatus; an online education resource for like minded investors. Fast forward a few years and CBDG is an enviable position. They have more, a lot more, investment capital than what the team of 200 to 300 experienced investors can logistically deploy. That's why they are expanding, looking for people interested in learning real estate investments or those well seasoned investors looking for a team of like minded professionals to work with on a national scope.

Unbelievable?

Honestly, that was my initial reaction when I first learned of the program.

After all I'm not exactly new to the concept of investing in real estate. Having flipped my first home at the ripe old age of 24 and more recently investing upwards of $10 million of my own capital in a variety of transactions; I'm not what you would consider a newbie.

Add to my experience the fact that some of my closest friends and partners are involved at the highest levels of the mortgage industry, I mean common! - I would have heard of a hedge fund wholesaler program like the one I was being pitched in that webinar. Really I'm going to learn of a real opportunity in the this webinar (Doubt It) a program like that isn't going to slip past my radar; there's just no way RIGHT?!?..... Well as a matter of fact; Wrong!

As it turns out this opportunity is not all that uncommon. A friend reminded me that he was presented with a similar opportunity in 2007. The part that was difficult to believe was the structure negotiated by CBDG. Don't misinterpret what I'm saying; It's not easy to setup or be selected for this type of venture.

I mean unless you have a long standing,rock solid reputation in the industry and the right relationships; at best its an uphill battle. In my opinion it's CBDG's vast network of knowledgeable (Well Educated) investors thats at the center of this real estate investment machine that runs near prefect day in day out, even with a rate of growth that would be crippling for most other sales teams. Next time you see a sign give it a call; I did.

If you're thinking this guy is an insider, he's with the group. Well you are half right. I joined the team and can honestly say I have never been around such a large group that sincerely has the best interest of others and not just their personal benefit front and center. I can honestly tell you that you would feel the same way. What's more is several people joined the team with nothing and made mid six figures their first year.

Anybody want to find investment property, write an offer with a large investment fund and receive almost 40% of the projected profit at COE? (That's buy side escrow) I put my info so I don't beat up on this blog. Have a comment you can call me and then post.

Best,

Chip

480.434.7969