Multi-Family Investment Mentor Recommendations

[Nick Hulme]

I have a friend who used one of Brad Sumrok's courses to get started investing in apartments. She gave it high reviews because he not only teaches smart investment techniques, but connects you to a large network of other investors. When she took the course it costed $2,800, but it looks like they now start at $8k.

I am interested to know if there are other mentors out there that provide similar benefits. Who do others prefer?

[Jeffrey Donis]

Hey @Nick Hulme!

There are multiple other multifamily investment mentors out there. I think it's important to know what questions to ask before joining any of these groups. They are NOT cheap, so these questions will help you make sure the group aligns with your own goals. Of course, you should know your own answers/preferred answer to these questions as well.

Questions:

- Is the group ACTIVELY looking for/doing deals? What size of deals do they typically do?

-Do students get to partner with the "main" mentor?

-Do you get access to the "main" mentor, or do you work with a coach below them?

-Do you get to network and connect with other students? (We've seen groups that don't let you talk to other students, which was an absolute deal breaker for us)

- How many students are in the group? How many have done a deal? 

- Are there any in person events associated with the group, and does my membership fee cover this? There's been groups where you pay a big fee to join, and still pay a sizable fee for tickets to their event. Not a deal breaker, but it's good to know beforehand.  

-How much accountability do you want from the program? (Hand holding vs hands-off).

Now that you've got these, I can only share with you MY experience when looking for a mentorship program. My brothers and I wanted a program that was actively doing 100+ unit apartment deals. We wanted the opportunity to partner with our mentor, and we wanted direct access to them. We also wanted access to a network of other investors who were serious and actively doing deals (not just "learning" about real estate). This led us to interviewing with a few programs, but ultimately, we decided on Think Multifamily with Mark and Tamiel Kenney. This group isn't the biggest out there (so if size matters, might not be a good fit). They also don't take everyone. In this program, we don't have an "accountability coach" checking in on us weekly, but Mark's always a phone call or text message away when we need him and his responsiveness is unparalleled. 

Hope this helps, man! I know it can be a big decision, but as long as you ask these questions, and even speak with another student in the program to get their review, I think you'll end up with the right program for you! 

Best of luck!!