Is Boots on the Ground by Brian Grimes a Legit Program

[Cristina Melo]

Hi team, 

I just had a call with a sales agent to sign up for  the Boots on the Ground program. It is a program that they do everything for you from finding the property, rehabing it, renting it or selling it in Philadelphia. It is a done for you kind of program. I am wondering if anyone has any experience with this program that could share their thoughts. It sounds like a good opportunity and I want to pull the trigger but I wanted to get some reviews since the program is a high ticket of $15K I couldn't find much online about this program or Brian Grimes. 

Thank you so much! 

[David Rosenthal]

Absolutely NOT! I was in this program, simply for the "boots on the ground" @3k/month in Philly to test out two deals there. The value for us was basically paying 3k/month for a project manager, which we built into our reno costs and fit our model. I'm a seasoned investor, lend to other investors, and have done deals in other markets with strategic partners there, but this was not as done for you as he sells it and we knew that going in. We wanted to test out the lower income stuff though. Currently stuck in two deals I'm struggling to sell in areas I don't want to own. The value in what Brian brings is that IF you find good deals there and WANT TO do them, being in his program, his contractor will front the reno money until you get construction draws back from your fix and flip loan. That allows you to get into more deals (that's great if those deals are meeting your goals, and terrible if not). However, I have the suspicion that he's in bed with his contractor, getting a cut on top what his platform costs you. The renovations his crew did were actually pretty good though. Philly is a tough market to sell in right now, with lots of inventory. Our 5 unit is fully rented, but our duplex is struggling to rent one side. Also, the section 8 rents he uses in his proformas are tough to get, at least in Philly. So, that inflates the ROI on his progromas. Shame on me, I let a couple partners talk me into testing this, and have regretted it since. Expensive lesson learned. Find a mentor you know, that you don't have to pay and build a good team around you.