Recommendations for Multi Family Coaching/ Mentoring
Hello,
I have many years of experience with single family homes, mobile homes and town homes, but not with Multi Family. Do you have an recommendations for coaching programs that you feel are genuinely helpful?
Many Thanks,
Pete T.
Most Popular Reply
I have been mentoring on non-residential commercial deals for years. We focus on office, retail, medical, industrial and land development. I take on 20 people at a time and most of my members come from Multifamily and mobile home parks. My advice is skip the Multifamily rat race and go into commercial. There are much higher returns and much less competition.
My advice on coaching:
The coach should qualify you to make sure you are a good fit. If they are ready to swipe your card without spending time with you, run.
I hate upsells (level 2, private coaching etc.). If there are upsells, make sure they are disclosed upfront.
Make sure they are still in the game and have not become a full time coach. I take on 20 members at a time and each six month run is so different from the previous because of the market conditions.
Avoid new coaches. Sorry but because the syndication machines are breaking and the fees are drying up, everyone is resorting to coaching for income.
Ask for several references from people at your level. Beginners will often tell you they learned a lot because they were starting from zero.
Good luck