I am a commercial real estate broker with an 81 unit portfolio for sale in Richmond, VA. I received a call from someone who you could tell had very little knowledge of multifamily investments and asked for some proprietary financials. I asked her to send me proof of funds and a bio. She sent me a letter from Commercial Property Advisors, Peter Harris, which stated she had approval for funds sufficient to cover the purchase price and below it listed a Wells Fargo business account showing funds in excess of the purchase price. This smells like a scam. Has anyone ever heard of this guy Peter Harris? Commercial Property Advisors Funding?
Yes I recently purchase this so called mentorship but before I made the purchase like a few other people stated here on this platform they were contacted and a so call interview to see if you are a good fit ...bulls..t they pry to see if you can pay with a credit card as Ed said word for word you can use more than one card but before purchasing I told Ed Peter's right hand man I do not want books and video if that is what it is I don't want it .. ooh no he says we hold your hand meaning peter as I can see someone else got the same script on this platform ..after paying 15 000 guess what came in the mail books and software with videos go figure and I stressed that is not what I want and asked for my money and Peter said no refunds I suggest you watch the videos I called to chime in on his Q&A session he was answering question from one of the another protégé and once he finished and the protégé hung up Peter said if you have any questions punch *6 so I'd did just that instead of him asking me what was my question he hung up the phone on me as if I was not there it is was sad because there was only 2 people that was on the line me and the other supposed to be protégé if you are thing Bout being apart of epartners I suggest you think twice I don't think it is a good idea I am out of 15 000 as 4/26/22 I am furious these so-called wealthy people are ripping of the public 15,000 is a lot of money to be in debt with no income coming in and you put your trust in a person that claims to be helping you reach financial freedom and don't give a dam if you live or die stay away from this program
I have seen his videos on youtube, Mr. Sloan, he seems to be knowledgeable about commercial real estate and after peering over his website briefly, it seems that he offers personalized training to people new to the business.
Did you ask the woman for more details about how she qualified?
I told her that I need proof of liquid funds sufficient to cover 25% of the purchase price and to provide proof of that. Just seems strange. I've never seen anything like this in 15 years of being in the industry. I was curious if anyone up here had heard of this group or had any experience with them.
@Jay Sloan Hello, for someone who is interested in learning about commercial real estate can you tell me why the proof of funds from Peter Harris' company seemed out of the ordinary? Thanks.
Not sure what is different
Are you in his course I’m not happy at all
I’m in his 12 k course & Would like to chat with anyone that is also in his course "?
Thanks Jon
@Jon LaGuardia I’m not in the course yet but Ive been interviewed. Do you like it.
I’m in his 12 k course & Would like to chat with anyone that is also in his course "?
Thanks Jon
Hi Jon,
Any input you'd like to share after a year in the program? Thx!
I thought I bring this issue about Peter Harris back up .I was also told about the $10k start up fee . I am skeptical so I did not sign up . . For those that have invested $10k have you thought about investing that amount with Grant Cardone.. I think his non -accredited investors can invest 5k.. look into Grants program.. let me know what you all think
Appreciate if anyone can provide feedback on Peter’s Protege program!
@Jon LaGuardia could you please share more info on the course? Are you still working on this? Im interested on the program but would like to know how is it working for you... Thanks in advance for your help!
@Bernard H. Did you signed up for the program?
@Daniel Cisneros No i didn't sign up with him. I signed up with Jason Yarusi. He is great. Check him out.
@Daniel Cisneros No i didn't sign up with him. I signed up with Jason Yarusi. He is great. Check him out.
Yes I recently purchase this so called mentorship but before I made the purchase like a few other people stated here on this platform they were contacted and a so call interview to see if you are a good fit ...bulls..t they pry to see if you can pay with a credit card as Ed said word for word you can use more than one card but before purchasing I told Ed Peter's right hand man I do not want books and video if that is what it is I don't want it .. ooh no he says we hold your hand meaning peter as I can see someone else got the same script on this platform ..after paying 15 000 guess what came in the mail books and software with videos go figure and I stressed that is not what I want and asked for my money and Peter said no refunds I suggest you watch the videos I called to chime in on his Q&A session he was answering question from one of the another protégé and once he finished and the protégé hung up Peter said if you have any questions punch *6 so I'd did just that instead of him asking me what was my question he hung up the phone on me as if I was not there it is was sad because there was only 2 people that was on the line me and the other supposed to be protégé if you are thing Bout being apart of epartners I suggest you think twice I don't think it is a good idea I am out of 15 000 as 4/26/22 I am furious these so-called wealthy people are ripping of the public 15,000 is a lot of money to be in debt with no income coming in and you put your trust in a person that claims to be helping you reach financial freedom and don't give a dam if you live or die stay away from this program
I'm in Peter's course and maybe it is different for me but I get my 10k back after doing a deal(s) worth $500k which is easy to do really.. feeling close to getting that done in the next few months. You can't just go buy commercial RE. If that is your plan then go do something else. It takes knowledge. if all you have is 15k then this might not be a good fit for you. I also just go done taking a Alan Cowgill course on raising money to help fund my deals. Peter covers it but I was urning for that warm fuzzy before I talk to people about their money. Anyway, Peter is an authentic person that does care about his students and him and his team ensures that you make a good deal and not some half a%^ed one that puts your investors at risk. If you want to learn to do it the right way then Peter can help. he has training videos and a process for everything. Personal coaching calls and group calls. Even help with after you get your property with calls that help you manage the property manager!! By no means does he just take your money and leave you hanging!!! With that said, you get out what you put into it. You have to walk before you can run and it takes dedication and work.
hope this helps.
-Cheers, Christian S.
I'm in Peter's course and maybe it is different for me but I get my 10k back after doing a deal(s) worth $500k which is easy to do really.. feeling close to getting that done in the next few months. You can't just go buy commercial RE. If that is your plan then go do something else. It takes knowledge. if all you have is 15k then this might not be a good fit for you. I also just go done taking a Alan Cowgill course on raising money to help fund my deals. Peter covers it but I was urning for that warm fuzzy before I talk to people about their money. Anyway, Peter is an authentic person that does care about his students and him and his team ensures that you make a good deal and not some half a%^ed one that puts your investors at risk. If you want to learn to do it the right way then Peter can help. he has training videos and a process for everything. Personal coaching calls and group calls. Even help with after you get your property with calls that help you manage the property manager!! By no means does he just take your money and leave you hanging!!! With that said, you get out what you put into it. You have to walk before you can run and it takes dedication and work.
hope this helps.
-Cheers, Christian S.
"Beware of Peter Harris Program: My $10K Scam Experience"
Hi everyone,
My name is Sarah, and I’m a single mother of two. I came across Peter Harris’s program on YouTube while trying to buy my first small commercial building.
"As a newcomer to commercial real estate, I believed investing $10,000 in education would be a wise decision. I thought the program’s 50/50 profit split would align our interests and ensure they provided solid guidance, especially since I was new to the field and nervous about making such a large investment and thought the 50/50 profit split sounded fair. I assumed since they would profit too, they’d guide me correctly.
But what they didn’t tell me was that on top of the $10,000, they charge nearly $200 per month for software to "learn" from. The real issue? You’re left doing all the work: finding deals, inspecting properties, putting your own money down while they take no risk at all and still expect 50% of your profits until they’ve made $500,000. This felt like they were turning me into their money-making machine.
If they’re charging $10K upfront, plus $200 per month, and taking 50% of the profits, why aren’t they putting in 50% of the work or covering 50% of the down payment? That would be fair, but instead, they make you shoulder all the risk.
I complained twice, and they finally agreed to let me out of the deal but kept my $10,000. They sent a new contract trying to bind me to still pay $200 per month, which I refused to sign. I told them I wanted nothing more to do with them.
Then they sent me a cancellation contract, but their customer service accidentally sent me the wrong one—saying they were going to refund me. I believe this contract was meant for those who cancel within 3 days, which would entitle them to a refund. Unfortunately, I canceled about a month in when I realized the scam.
I signed the contract in good faith and tried to dispute it with my credit card company, but they lied to the credit card company, showing them only the first contract I signed. Luckily, I have everything documented.
I had my lawyer review the contract, and he told me that in his entire career, he’s never seen a contract so one-sided in favor of the company. He strongly advised me to take legal action.
Please don’t fall for this scam. Peter Harris is a multimillionaire preying on hardworking people like us. I’m filing a class action lawsuit. If you’ve been affected, please comment below, and we’ll find a way to connect privately to discuss next steps.
Hi everyone, please read my story in the comments below. This company is not trustworthy. They prey on people, turning you into a workhorse for them with shady clauses in their contracts. Don’t fall for it.
I'm in Peter's course and maybe it is different for me but I get my 10k back after doing a deal(s) worth $500k which is easy to do really.. feeling close to getting that done in the next few months. You can't just go buy commercial RE. If that is your plan then go do something else. It takes knowledge. if all you have is 15k then this might not be a good fit for you. I also just go done taking a Alan Cowgill course on raising money to help fund my deals. Peter covers it but I was urning for that warm fuzzy before I talk to people about their money. Anyway, Peter is an authentic person that does care about his students and him and his team ensures that you make a good deal and not some half a%^ed one that puts your investors at risk. If you want to learn to do it the right way then Peter can help. he has training videos and a process for everything. Personal coaching calls and group calls. Even help with after you get your property with calls that help you manage the property manager!! By no means does he just take your money and leave you hanging!!! With that said, you get out what you put into it. You have to walk before you can run and it takes dedication and work.
hope this helps.
-Cheers, Christian S.
"Beware of Peter Harris Program: My $10K Scam Experience"
Hi everyone,
My name is Sarah, and I’m a single mother of two. I came across Peter Harris’s program on YouTube while trying to buy my first small commercial building.
"As a newcomer to commercial real estate, I believed investing $10,000 in education would be a wise decision. I thought the program’s 50/50 profit split would align our interests and ensure they provided solid guidance, especially since I was new to the field and nervous about making such a large investment and thought the 50/50 profit split sounded fair. I assumed since they would profit too, they’d guide me correctly.
But what they didn’t tell me was that on top of the $10,000, they charge nearly $200 per month for software to "learn" from. The real issue? You’re left doing all the work: finding deals, inspecting properties, putting your own money down while they take no risk at all and still expect 50% of your profits until they’ve made $500,000. This felt like they were turning me into their money-making machine.
If they’re charging $10K upfront, plus $200 per month, and taking 50% of the profits, why aren’t they putting in 50% of the work or covering 50% of the down payment? That would be fair, but instead, they make you shoulder all the risk.
I complained twice, and they finally agreed to let me out of the deal but kept my $10,000. They sent a new contract trying to bind me to still pay $200 per month, which I refused to sign. I told them I wanted nothing more to do with them.
Then they sent me a cancellation contract, but their customer service accidentally sent me the wrong one—saying they were going to refund me. I believe this contract was meant for those who cancel within 3 days, which would entitle them to a refund. Unfortunately, I canceled about a month in when I realized the scam.
I signed the contract in good faith and tried to dispute it with my credit card company, but they lied to the credit card company, showing them only the first contract I signed. Luckily, I have everything documented.
I had my lawyer review the contract, and he told me that in his entire career, he’s never seen a contract so one-sided in favor of the company. He strongly advised me to take legal action.
Please don’t fall for this scam. Peter Harris is a multimillionaire preying on hardworking people like us. I’m filing a class action lawsuit. If you’ve been affected, please comment below, and we’ll find a way to connect privately to discuss next steps.
It sounds like you're dealing with a potentially suspicious situation.
It's wise to verify the credentials of anyone involved in a significant financial transaction, especially if they are requesting proprietary financials.
I spoke with them and looked over their contract and immediately detected SCAM. You don’t need to go this route to get into the commercial real estate business. There are many other resources out there