Commercial real estate mentor. Is 50% until $500k a normal cost?
Hi there,
I am persuing cashflow through multifamily real estate investing. After a lot of study I believe that having a mentor is my best option to get started.
At the moment I have found a mentor that charges 50% split on all net Cashflow until $500k is reached ($250k each).
I believe that this mentor is very qualified due to his decades of experience and the books that he's authored and also books that he's co-authored with other well know real estate Moguls.
This is a big commitment into partnership and just wondering what the general populus thinks about this agreement.
Also, if anyone has suggestions for specifically apartment investing mentors I would appreciate it.
God bless