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Updated over 5 years ago on . Most recent reply

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Nelson Tam
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Anyone heard of ReMentor?

Nelson Tam
Posted

Dear all great fellows on Bigger Pocket!!  My name is Nelson and I'm just starting out with Real Estate Investment.  I'm quite interested in multi-family investment.  I recently came across a multi-family investment boot camp by a company call ReMentor by David Lindahl (I don't think he is going to show up though).  The boot camp charges about $1,500.  I understand education cost money and I'm willing to pay for training.  I just want to find out if anyone has experience or heard of it?  Any red flag?  Do the things from the boot camp worth the money?  Or I can learn most of the things on this website?  Thank you and I appreciate any insight.  

- Nelson

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Spencer Cornelia
  • Investor
  • Las Vegas, NV
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Spencer Cornelia
  • Investor
  • Las Vegas, NV
Replied

@Nelson Tam buy his book before you drop that amount of money on education.  his book is really good - "Multi Family Millions"

His whole strategy is essentially to buy distressed apartment buildings, rehab each unit over time as tenants move out aka "repurpose", which raises the value, and then sells at a pretty massive profit.

Here's the real problem with bootcamps like this.  The likelihood of you actually going out and being able to apply these principles is basically zero.  Sure, you will "learn" a lot about his strategy.  But if you aren't able to apply the principles right away, then what are you really learning?

Here's the real approach any newbie should take:

1. Become obsessed with learning about real estate investment

2. Attend every local real estate meetup you can, even when you don't feel like going

3. Spend every possible minute listening to every podcast from the following sources...

   -- Bigger Pockets

   -- Sean Terry, Flip 2 Freedom

   -- Real Estate Disruptors

4. Network with every possible person you can in your area and learn from them

Then after multiple years of learning and networking, then maybe go to a paid bootcamp like this where you know you'll be able to apply what you learn immediately.

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