Online Gurus - Tom Cruz (Section 8) and Nate Barger (BRRRR Invest)

[TJ Woolum]

I am very interested in joining a mastermind or online group that can help spur creativity, learning, and motivation to go all in and scale up.  I'm embarrassed to say I paid $5k to join Tom Cruz's Section 8 Secrets group a year or so ago.  I unfortunately didn't find any value in the program.  The online course was simply Tom reading through a PowerPoint he made.  You also gain access to his Discord group which, to me, is a huge message board that is difficult to keep up with, follow specific conversation, etc...  So unfortunately I feel like I completely wasted $5k as the whole thing was very impersonal and I didn't learn anything he doesn't already discuss in his TikTok's.  

Now I am thinking about joining Nate Barger's BRRRR Invest Academy. I belong to the Facebook group and have found the community to be pretty valuable. I've searched the Bigger Pockets forums and it seems many people speak highly of the academy and say it is worth every penny. I'm just afraid I am making another mistake and will waste another $5k.

Ultimately I'm looking for a cohort of people with a wide range of experience in real estate.  Some who are on my level (~10 units) and some who have done much more.  People who can share their experiences in different markets or with different investment strategies.  And at the end of the day, a cohort of people who will motivate one another and hold each other accountable to their goals on a weekly or monthly basis.  

What has been your experience?  Has anyone wasted money on some of these programs like I did?  What programs or masterminds have you found to have the biggest impact on your real estate career?  How did you find them?

[Jay Hinrichs]

Quote from @TJ Woolum:

Update... I pulled the trigger and joined Nate Barger's BRRRR Invest Academy. One week in and it is already leaps and bounds better than what I experienced in Tom Cruz's Section 8 Secrets. The support, training, and organization of this group is (so far) exactly what I have been looking for!

sounds good.. I do BRRR private money for my day job.. been doing it since 2002.. over 3000 properties i have funded for folks like you. Scale comes down to just a few items which I can tell you for free right here.

1.  deal flow  getting deals good enough leave enough forced equity to get your cash back at refi pretty simple concept.

2. cracker jack rehab crews that can get these turn overs done in time and on budget.

3. Good take out lender. Get pre approved so that when your rehab is ready appraisal gets done and you close without taking a ton of time.  Right now DSCR loans are an option along with your 10 loans for fannie freddie.

And of course a great BRRR lender who can fund on time every time. in my business I only work with experienced BRRR folks and as such I become a capital partner and allow them to scale with very minimum amount of capital and they dont make monthly payments. this is huge its the up front costs that usually hold folks back from scaling. so if they find someone like me then they can 10X what they are doing.. I have clients that I will help them get 10 to 25 deals a month.. with 10 being more realistic but I have one client in the mid west that can pop out 25 occasionally not often but it has happened.  The goal for most of my clients is to get to 200 to 500 homes.. I have helped a few get past 250 sfr's  so proud of that.