Hi BP community!
I wanted to see if anyone is familiar with or can recommend paid mentorship programs or coaches for small multifamily unit investing (2-4 units).
In my research, I’ve found that most mentorship programs or resources I come across are geared toward large syndication apartment building purchases or other types of investments, such as short-term rentals, medium-term rentals, single-family homes, Section 8, or fix-and-flip projects. None of which currently, I am interested in.
Unless I’m overlooking something, I haven’t been able to find mentors who specialize in helping rookie investors navigate the small multifamily space for properties no larger than four units.
If you have any recommendations for helpful programs, coaches, or resources you’ve had success with or heard good things about, I’d greatly appreciate it.
Thank you so much in advance, and happy New Year to everyone!
Run from paid gurus! Residential investing is not rocket science, knowledge is not the issue: there are many good books out there that walk you through every detail you need to know. And then you have BP and an army of experienced investors happy to answer your question or poke holes in your deal before you pull the trigger..
Be honest with yourself, are you looking for moral support? Nobody ever went broke over a duplex, I know this now, but I have to admit I had some serious doubts about this when I started 16 years ago, I bought every course I could find, already on CD's, this was post cassette tapes lol, and I paid RichDad Education for a one year coaching program (turned out my coach was a girl in a call center without any actual experience). My agent was a very nice older lady, but no idea about investing, it all worked out and once the first rent checks started coming in started gaining some confidence. This is where everyone started.
Residential investing is very forgiving by nature, you have to try hard to really screw it up. Buy a quality property, stay away from the hood, rehab it as if you would move in, take your time picking a tenant, you'll be find.
I'm interested in this as well. I feel that there aren't many courses due to areas of the county being different. There may be some discords or Skool communities that cater to this?
Happy to give you opinions on deals if you need to review some stuff. Multifamily Millions by David Lindahl is a good book to start with as well, although he grows out of the smaller stuff quickly. Multifamily MILLIONAIRE by Brandon Turner is a good read on it if you haven't read that yet as well.
Greg,
What type of mentor are you looking for, in terms of where do you need the most help right now?
Hi BP community!
I wanted to see if anyone is familiar with or can recommend paid mentorship programs or coaches for small multifamily unit investing (2-4 units).
In my research, I’ve found that most mentorship programs or resources I come across are geared toward large syndication apartment building purchases or other types of investments, such as short-term rentals, medium-term rentals, single-family homes, Section 8, or fix-and-flip projects. None of which currently, I am interested in.
Unless I’m overlooking something, I haven’t been able to find mentors who specialize in helping rookie investors navigate the small multifamily space for properties no larger than four units.
If you have any recommendations for helpful programs, coaches, or resources you’ve had success with or heard good things about, I’d greatly appreciate it.
Thank you so much in advance, and happy New Year to everyone!
Hey @Greg P. and @Max Ferguson. Just send you DMs/connection requests about this very thing! Looking forward to connecting.
Our focus is on mid market 50-100 unit's but happy to help. May I ask why you are specifically looking for smaller deals? Feel free to DM me.
- Victor Collazo
Hi BP community!
I wanted to see if anyone is familiar with or can recommend paid mentorship programs or coaches for small multifamily unit investing (2-4 units).
In my research, I’ve found that most mentorship programs or resources I come across are geared toward large syndication apartment building purchases or other types of investments, such as short-term rentals, medium-term rentals, single-family homes, Section 8, or fix-and-flip projects. None of which currently, I am interested in.
Unless I’m overlooking something, I haven’t been able to find mentors who specialize in helping rookie investors navigate the small multifamily space for properties no larger than four units.
If you have any recommendations for helpful programs, coaches, or resources you’ve had success with or heard good things about, I’d greatly appreciate it.
Thank you so much in advance, and happy New Year to everyone!
I have a few lenders who coach their prospects. Let me know if you want to connect with them.
I'm interested in this as well. I feel that there aren't many courses due to areas of the county being different. There may be some discords or Skool communities that cater to this?
Happy to give you opinions on deals if you need to review some stuff. Multifamily Millions by David Lindahl is a good book to start with as well, although he grows out of the smaller stuff quickly. Multifamily MILLIONAIRE by Brandon Turner is a good read on it if you haven't read that yet as well.
Hey Max, could not agree more. Thanks for the book recommendations I’m going to purchase those shortly! Nice to be connected with you and thanks for chiming in.
Greg,
What type of mentor are you looking for, in terms of where do you need the most help right now?
Hi Matthew,
I’ve been conducting my own research and self-learning over the past several months, trying to absorb as much as I can on my own. However, I’ve reached a point where I feel I’ve gone as far as I can by myself. Being highly analytical—perhaps to my own detriment—I recognize the need for guidance and support from a mentor to help me take the next step and actually pull the trigger on my first property.
I want to immerse myself in the real estate investing space as much as possible. Getting that first deal under my belt with the help of a mentor would significantly accelerate the process and build my confidence.
I’m a firm believer in learning by doing—trial by fire, making mistakes, and growing from them. However, I also want to be as prepared as possible, leveraging the guidance of those who have successfully navigated this path before me.
Reading your profile it seems as if you are absolutely crushing it in your market. Do you offer such services? Look forward to connecting further.
Hi BP community!
I wanted to see if anyone is familiar with or can recommend paid mentorship programs or coaches for small multifamily unit investing (2-4 units).
In my research, I’ve found that most mentorship programs or resources I come across are geared toward large syndication apartment building purchases or other types of investments, such as short-term rentals, medium-term rentals, single-family homes, Section 8, or fix-and-flip projects. None of which currently, I am interested in.
Unless I’m overlooking something, I haven’t been able to find mentors who specialize in helping rookie investors navigate the small multifamily space for properties no larger than four units.
If you have any recommendations for helpful programs, coaches, or resources you’ve had success with or heard good things about, I’d greatly appreciate it.
Thank you so much in advance, and happy New Year to everyone!
Hey @Greg P. and @Max Ferguson. Just send you DMs/connection requests about this very thing! Looking forward to connecting.
Great thank you Jaycee! Look forward to connecting.
Hi BP community!
I wanted to see if anyone is familiar with or can recommend paid mentorship programs or coaches for small multifamily unit investing (2-4 units).
In my research, I’ve found that most mentorship programs or resources I come across are geared toward large syndication apartment building purchases or other types of investments, such as short-term rentals, medium-term rentals, single-family homes, Section 8, or fix-and-flip projects. None of which currently, I am interested in.
Unless I’m overlooking something, I haven’t been able to find mentors who specialize in helping rookie investors navigate the small multifamily space for properties no larger than four units.
If you have any recommendations for helpful programs, coaches, or resources you’ve had success with or heard good things about, I’d greatly appreciate it.
Thank you so much in advance, and happy New Year to everyone!
I have a few lenders who coach their prospects. Let me know if you want to connect with them.
That would be fantastic thank you Nate! Sending over a connection invite now, thank you.
Our focus is on mid market 50-100 unit's but happy to help. May I ask why you are specifically looking for smaller deals? Feel free to DM me.
- Victor Collazo
Hey Victor,
Nice to connect with you! I’m a complete rookie and novice in real estate investing, and I firmly believe in the “crawl before you walk or run” mentality. Starting small with multifamily properties is my ideal preference at the moment, as I focus on learning, growing, and immersing myself in as much information, data, and real-time experience as possible.
As I build my investment portfolio, I could definitely see myself being interested in scaling up to larger acquisitions in the future, but for now, my focus is on mastering the fundamentals and starting small.
@Greg P.
Im not a coach, but I built a portfolio of mostly small MF and would be pleased to connect and discuss.
have you tried networking, going to meetups, or even starting your own mastermind or meetup for this?
there is a ton of free content available for this space and investors LOVE to talk shop.
@Greg P.
Im not a coach, but I built a portfolio of mostly small MF and would be pleased to connect and discuss.
Sending you a message thanks Peter!
have you tried networking, going to meetups, or even starting your own mastermind or meetup for this?
there is a ton of free content available for this space and investors LOVE to talk shop.
Run from paid gurus! Residential investing is not rocket science, knowledge is not the issue: there are many good books out there that walk you through every detail you need to know. And then you have BP and an army of experienced investors happy to answer your question or poke holes in your deal before you pull the trigger..
Be honest with yourself, are you looking for moral support? Nobody ever went broke over a duplex, I know this now, but I have to admit I had some serious doubts about this when I started 16 years ago, I bought every course I could find, already on CD's, this was post cassette tapes lol, and I paid RichDad Education for a one year coaching program (turned out my coach was a girl in a call center without any actual experience). My agent was a very nice older lady, but no idea about investing, it all worked out and once the first rent checks started coming in started gaining some confidence. This is where everyone started.
Residential investing is very forgiving by nature, you have to try hard to really screw it up. Buy a quality property, stay away from the hood, rehab it as if you would move in, take your time picking a tenant, you'll be find.
100%. I think real estate is very forgiving (1) over the LONG term and (2) if you're well capitalized / in a strong financial position. to your point, if you save up so that you're in a strong financial position, house hack a solid duplex in a decent neighborhood, make smart decisions, and hold it indefinitely, you'll be fine.
conversely, if you have $0 and somehow start out with a risky flip, or borrow $20K and spend it all on a magic mentoring program, or buy a terrible property in a neighborhood you've never been to, you may not be fine.
Hi Greg,
I just want to reiterate what Marcus and Nicholas have said.
If you are really interested in getting into RE investing and small multifamily then you don't need a course or mentor. You would be better off watching some of the old webinars here on BP and then reading a few books. Any of the books from Brandon Turner here on BP would be a good start and then any book on understanding the numbers. If you don't know your numbers you will never have a good investment.
Start there and if after doing some reading, talking to people here, and some meetups. If after that you still don't understand investing enough then I would say find a mentor. A mentor will tell you to read the books anyway so you understand the terminology they are using.
Good Luck
Hey Greg,
Mentorship is a slippery slope indeed. I've paid my dues in multiple different programs through the years and I've had some amazing experiences as a result and some not so good ones. I've learned something in every one of them. I don't recommend throwing the baby out with the bath water, and definitely make sure you understand the nature of the Mentor you choose.
BP is a great resource to meet some amazing people. There are a lot of articles, books, etc. There are a lot of very knowledgeable people here willing to help.
The biggest 'danger' I've experienced in the coaching space was coaches who took the cash and wanted me to follow 'their' program rather than coaching me where I am to get where I wanted to go. The coaches I've had who worked with me where I was were the best and I still have unpaid relationships with several.
In online forums, the danger I've experienced is the "national" effect. A generic question is asked and then answers start flying in from all around the country. Unfortunately, every state and every locality has different laws and what works in one location doesn't always work in others, so you have to be very careful about the 'free' advice that is given in online forums. The intention is good and there can be some solid advice. There can also be a lot of bad advice, so be sure you know your local laws before blindly accepting this type of advice.
After 30 years of being in this industry, a lot has happened. The internet as wonderful as it is has also created a 'wild west' effect that is often unbridled.
Happy New Year!
Run from paid gurus! Residential investing is not rocket science, knowledge is not the issue: there are many good books out there that walk you through every detail you need to know. And then you have BP and an army of experienced investors happy to answer your question or poke holes in your deal before you pull the trigger..
Be honest with yourself, are you looking for moral support? Nobody ever went broke over a duplex, I know this now, but I have to admit I had some serious doubts about this when I started 16 years ago, I bought every course I could find, already on CD's, this was post cassette tapes lol, and I paid RichDad Education for a one year coaching program (turned out my coach was a girl in a call center without any actual experience). My agent was a very nice older lady, but no idea about investing, it all worked out and once the first rent checks started coming in started gaining some confidence. This is where everyone started.
Residential investing is very forgiving by nature, you have to try hard to really screw it up. Buy a quality property, stay away from the hood, rehab it as if you would move in, take your time picking a tenant, you'll be find.
Marcus --- I appreciate the insight here, thanks for taking the time to comment. I sent you a message/connect request.
@Greg P. I want to commend you for looking to get a mentor as you get started. I think too many people get into this and struggle for too long before realizing that they not been properly trained and potentially could have dramatically shortened the learning curve. I would love to share my experience and what to look for in a good mentor/coach. Colby
Stay away from any gurus. You can find almost everything you will need online for free. If you feel the need for in-person mentorship, reach out to prominent local investors and try and strike a deal to learn from them. You want to learn from people who are spending most of their time actually doing deals, not marketing their courses.
Being resourceful will get you far in the real estate industry. To some extent, those seeking out gurus/mentorship programs are lazy.
Hi Greg,
I just want to reiterate what Marcus and Nicholas have said.
If you are really interested in getting into RE investing and small multifamily then you don't need a course or mentor. You would be better off watching some of the old webinars here on BP and then reading a few books. Any of the books from Brandon Turner here on BP would be a good start and then any book on understanding the numbers. If you don't know your numbers you will never have a good investment.
Start there and if after doing some reading, talking to people here, and some meetups. If after that you still don't understand investing enough then I would say find a mentor. A mentor will tell you to read the books anyway so you understand the terminology they are using.
Good Luck
What book on numbers would you recommend. I think this is my big hill, and it's scary!
Hi Astante,
I apologize for not getting back to you sooner. Here are the books I would recommend so that you know your numbers cold!
Real Estate by the Numbers - can pick up here on BiggerPockets
What Every Real Estate Investor Needs to Know About Cash Flow... And 36 Other Key Financial
Then if you are looking for rehab and flipping - j Scott books are a must.
Hope that helps and good luck!
Matt
We do this for investors in Reno, NV. But, there is no coaching or mentorship fee, simply analyzing every property simultaneously and ranking by cap rate.
I would find a broker/agent in your area that specializes in that niche. Way underserved in my opinion!