Jerome Maldonado real estate developer training
Member since 2017 · 10 posts · 6 votes
Jerome Maldonado real estate developer training
Most Popular Reply
Quote from @Justin Perez:
Hey Leslie!
I Joined Jeromes Buying land and building homes program back in 2019
Heres my opinion on my experience....
First and foremost He offers two different programs. a 6 month program and a 12 month program.
BOTH PROGRAMS ARE EXACTLY IDENTICAL THE ONLY DIFFERENCE IS:
You can choose to have the weekly mentoring by Jerome once a week for 6 months or 12 months on a zoom call and you can have access to a private networking group of real estate professionals whether that be (realtors, contractors, brokers, Private/Hard money lenders, loaning institutions, Surveyors, Engineers, Zoning Board members in different municipalities, pretty much anyone you would need to get a project completed) for either 6 months or 12 months.
6 month program will run you $5,997 if you decide to pay all at once
or you can make a $2,300 payment every 2 months totaling $6,900
12 month program will run you $9,997 if you decide to pay all at once
or you can make a $3,000 payment every 3 months totaling $12,000
I decided to join the one year program and chose the payment option as i figured within 6-8 months i would have my 1st project completed therefor my last two payments would essentially be covered by the return on investment from that project.
PROS:
The group is really a family oriented space where you meet a vast variety of people from all types of background throughout the country and other countries that are doing business just like you. Everyone is truly your team member and not your competition. I have been able to take my real estate portfolio to a level in which i really didn't think possible and educate myself on so many things not only in real estate but in creating wealth throughout the power of networking with others that have experience and proven track records in other types of businesses. I honestly would be here all day about Pros.
CONS:
Not every single state has dozens of contacts at your access but majority of states do.
I wish i would've started when i was 18.
NOW THE BIG QUESTION IS IT WORTH IT?
In my opinion it was well worth every penny. I'am now on my 4th year with Jerome but no longer am in the 12 month course. instead last year i joined another private group Jerome offers to students that have been apart of the program for a minimum of one year which is running me $30,000 a year which includes another course that dives in deep mostly with Muti-family apartment complexes, Manufacturing warehouses, Commercial Property and even High Rise skylines for people looking to scale their real estate portfolio to a massive level and attain nine figures.
I Hope this helps if you have any specific questions or are thinking about joining the program I don't mind referring you to someone! Good luck and much success to you in your real estate business!
I’m not sure if you’re a real poster or you are part of Jeromes marketing team. If you’re a real poster, they need to give you some sort of commission on the sales you bring in. 🧐🤓
63 Replies
- Member since 2023 · 14 posts · 14 votes2y
My husband and I joined Jerome Maldanado's Build Wealth Mastermind program, as 12 month program that cost $20K. First, know that Jerome is exceptionally knowledgeable on buying land and building SFR, MFR, and apartment buildings.
We just withdrew our membership to the program for a full refund. The program is not what we had hoped for. It lacks organization, members are logged into WhatsApp and the community is expected to support one another. We also receive access to a library of Jerome's videos to watch and learn from. Most, if not all, can be found on You Tube. Many questions have been posed on WhatsApp that took staff several days to respond to, if they responded at all. There are 2 group calls per month with Jerome leading the call; it is scheduled at 2 pm PST (not ideal for most people regardless of time zone), Jerome was always late, there is no agenda or plan for the call, his phone reception was interrupted constantly to the point that his line would drop, and each call has ended abruptly with Jerome saying he had another commitment he had to get to. As members in this program we didn't feel like we were a priority.
There are other programs available to support your RE investing journey. I would not recommend this one. Good luck with your business!
- Investor · Western Suburbs, IL · Member since 2015 · 109 posts · 59 votes2y
Quote from @Brikkelle Thompson:
My husband and I joined Jerome Maldanado's Build Wealth Mastermind program, as 12 month program that cost $20K. First, know that Jerome is exceptionally knowledgeable on buying land and building SFR, MFR, and apartment buildings.
We just withdrew our membership to the program for a full refund. The program is not what we had hoped for. It lacks organization, members are logged into WhatsApp and the community is expected to support one another. We also receive access to a library of Jerome's videos to watch and learn from. Most, if not all, can be found on You Tube. Many questions have been posed on WhatsApp that took staff several days to respond to, if they responded at all. There are 2 group calls per month with Jerome leading the call; it is scheduled at 2 pm PST (not ideal for most people regardless of time zone), Jerome was always late, there is no agenda or plan for the call, his phone reception was interrupted constantly to the point that his line would drop, and each call has ended abruptly with Jerome saying he had another commitment he had to get to. As members in this program we didn't feel like we were a priority.
There are other programs available to support your RE investing journey. I would not recommend this one. Good luck with your business!
I was considering the mentlring befkre reading these reviews. What other courses specifically would folks recommend for building sfh?
- Investor · Western Suburbs, IL · Member since 2015 · 109 posts · 59 votes2y
Thanks for all of those that provided constructive feedback. I was strongly considering joining before I read this, now I am going to go the hard route, but probably best to just stay active on here and go the extra effort to network with accomplished developers in my area. Loving this community....
- Member since 2024 · 1 post · 1 vote2yThis was the review I needed, any tips to make the best out of the program and did you have to use a lot of your own capital to get started in the construction process or was the network of private lenders. helpful enough.
Quote from @Clarence Swift:
Quote from @Joe S.:
Quote from @Justin Perez:
Hey Leslie!
I Joined Jeromes Buying land and building homes program back in 2019
Heres my opinion on my experience....
First and foremost He offers two different programs. a 6 month program and a 12 month program.BOTH PROGRAMS ARE EXACTLY IDENTICAL THE ONLY DIFFERENCE IS:
You can choose to have the weekly mentoring by Jerome once a week for 6 months or 12 months on a zoom call and you can have access to a private networking group of real estate professionals whether that be (realtors, contractors, brokers, Private/Hard money lenders, loaning institutions, Surveyors, Engineers, Zoning Board members in different municipalities, pretty much anyone you would need to get a project completed) for either 6 months or 12 months.
6 month program will run you $5,997 if you decide to pay all at once
or you can make a $2,300 payment every 2 months totaling $6,900
12 month program will run you $9,997 if you decide to pay all at once
or you can make a $3,000 payment every 3 months totaling $12,000
I decided to join the one year program and chose the payment option as i figured within 6-8 months i would have my 1st project completed therefor my last two payments would essentially be covered by the return on investment from that project.
PROS:
The group is really a family oriented space where you meet a vast variety of people from all types of background throughout the country and other countries that are doing business just like you. Everyone is truly your team member and not your competition. I have been able to take my real estate portfolio to a level in which i really didn't think possible and educate myself on so many things not only in real estate but in creating wealth throughout the power of networking with others that have experience and proven track records in other types of businesses. I honestly would be here all day about Pros.
CONS:
Not every single state has dozens of contacts at your access but majority of states do.I wish i would've started when i was 18.
NOW THE BIG QUESTION IS IT WORTH IT?
In my opinion it was well worth every penny. I'am now on my 4th year with Jerome but no longer am in the 12 month course. instead last year i joined another private group Jerome offers to students that have been apart of the program for a minimum of one year which is running me $30,000 a year which includes another course that dives in deep mostly with Muti-family apartment complexes, Manufacturing warehouses, Commercial Property and even High Rise skylines for people looking to scale their real estate portfolio to a massive level and attain nine figures.
I Hope this helps if you have any specific questions or are thinking about joining the program I don't mind referring you to someone! Good luck and much success to you in your real estate business!I’m not sure if you’re a real poster or you are part of Jeromes marketing team. If you’re a real poster, they need to give you some sort of commission on the sales you bring in. 🧐🤓
I enrolled in his course this time last year. Since then I've bought two apartment complexes and will be building additional units on them using knowledge and processes learned for Jerome and his colleagues. If you are worried about the price then the program isn't for you but just consider you spend 4 years and about 50 to 100k+ to get a degree that pays you around 75k. This training can make you a multi millionaire at best or put 50 to 100k+ in your pocket every year part time. The house build course is pretty straight forward and walks you like a baby through every step from finding the land and entitling it to building and selling. The multi family course is a bit more complicated and costly but it's worth it price too. These are pics from the build wealth summit the tickets were 8 dollars in Vegas. And no I'm not a team member of Jerome. I'm a black country boy from tuskegee alabama that don't mind promoting someone that actually has a course and community of investors that's worth much more then the money you will pay for a course
- Tuskegee, AL · Member since 2016 · 3 posts · 12 votes2y
Quote from @Kamari Eason:
Quote from @Clarence Swift:
Quote from @Joe S.:
Quote from @Justin Perez:
Hey Leslie!
I Joined Jeromes Buying land and building homes program back in 2019
Heres my opinion on my experience....
First and foremost He offers two different programs. a 6 month program and a 12 month program.BOTH PROGRAMS ARE EXACTLY IDENTICAL THE ONLY DIFFERENCE IS:
You can choose to have the weekly mentoring by Jerome once a week for 6 months or 12 months on a zoom call and you can have access to a private networking group of real estate professionals whether that be (realtors, contractors, brokers, Private/Hard money lenders, loaning institutions, Surveyors, Engineers, Zoning Board members in different municipalities, pretty much anyone you would need to get a project completed) for either 6 months or 12 months.
6 month program will run you $5,997 if you decide to pay all at once
or you can make a $2,300 payment every 2 months totaling $6,900
12 month program will run you $9,997 if you decide to pay all at once
or you can make a $3,000 payment every 3 months totaling $12,000
I decided to join the one year program and chose the payment option as i figured within 6-8 months i would have my 1st project completed therefor my last two payments would essentially be covered by the return on investment from that project.
PROS:
The group is really a family oriented space where you meet a vast variety of people from all types of background throughout the country and other countries that are doing business just like you. Everyone is truly your team member and not your competition. I have been able to take my real estate portfolio to a level in which i really didn't think possible and educate myself on so many things not only in real estate but in creating wealth throughout the power of networking with others that have experience and proven track records in other types of businesses. I honestly would be here all day about Pros.
CONS:
Not every single state has dozens of contacts at your access but majority of states do.I wish i would've started when i was 18.
NOW THE BIG QUESTION IS IT WORTH IT?
In my opinion it was well worth every penny. I'am now on my 4th year with Jerome but no longer am in the 12 month course. instead last year i joined another private group Jerome offers to students that have been apart of the program for a minimum of one year which is running me $30,000 a year which includes another course that dives in deep mostly with Muti-family apartment complexes, Manufacturing warehouses, Commercial Property and even High Rise skylines for people looking to scale their real estate portfolio to a massive level and attain nine figures.
I Hope this helps if you have any specific questions or are thinking about joining the program I don't mind referring you to someone! Good luck and much success to you in your real estate business!I’m not sure if you’re a real poster or you are part of Jeromes marketing team. If you’re a real poster, they need to give you some sort of commission on the sales you bring in. 🧐🤓
I enrolled in his course this time last year. Since then I've bought two apartment complexes and will be building additional units on them using knowledge and processes learned for Jerome and his colleagues. If you are worried about the price then the program isn't for you but just consider you spend 4 years and about 50 to 100k+ to get a degree that pays you around 75k. This training can make you a multi millionaire at best or put 50 to 100k+ in your pocket every year part time. The house build course is pretty straight forward and walks you like a baby through every step from finding the land and entitling it to building and selling. The multi family course is a bit more complicated and costly but it's worth it price too. These are pics from the build wealth summit the tickets were 8 dollars in Vegas. And no I'm not a team member of Jerome. I'm a black country boy from tuskegee alabama that don't mind promoting someone that actually has a course and community of investors that's worth much more then the money you will pay for a courseThis was the review I needed, any tips to make the best out of the program and did you have to use a lot of your own capital to get started in the construction process or was the network of private lenders. helpful
So i started off on the program focused on building houses. Later i found out I actually wanted the class focused on building apartments. Because I had already purchased the house building courses I got a nice discount on thw course I wanted. Since thw course upgrade I have entitled and acre to have 24 apartments units on it. I learned the entire process of entitlement from jerome. Entitlement is the process of getting municipality authorization to build a specific structure on a specific peace of land for a particular reason. Once entitled( with it is)I can now sell the land I bought for 55k for several hundred dollars and if a get building permits I can sell for substantially higher. I will build the 24units though. If money is an issue I would tell you to take the course that is about building and flipping houses. The course is not expensive. If your credit ****** you need to hit up creditrepair.com or some other credit repair company and work on getting yp to about a 680 or more with you learning from jerome. While you building your score you will be looking for land to buld a home on and jerome will be telling you how to go about finding best location to buld the house the best criteria to use to pick that locTion and thw price point you want to pay. This is called underwriting. So you will work on your credit while learning to underwrite deals. By time your credit is straight you should be a master at underwriting and have identified a few properties ypu think are suitable. If you got your credit decent you can start soft shopping for conventional/fha home loans if you didnt do so well improving your credit this is where you start looking for private lenders, partners and investors. Luckily you will be in a class and larger group of investors and future investors looking for a good deal to participate in. If you are strapped for cash this is a great place to bring a good deal and get it funded. I said all that to say this its several folk in both classes that have spent money and time and will get nothing out of it . Its also several folks that spent their money and have become successful at building houses and apartments and entitling land. It just a matter of learning the info and doing the leg work of going out finding and talking to the people you need to talk to and emplimenting what you have learned. The hardest part is finding the right people to talk to i.e sellers, lenders, contractors, and not stopping until you find them the rest will fall into place because you have thw info in your head and a mentor(jerome) that will guide you when you get your deal rolling. I hope that helps some.
- Real Estate Consultant · Evergreen, CO · Member since 2018 · 1k+ posts · 739 votes2y
I need to
research this guy and his program more. When I hear of new gurus I feel like Red...
Quote from @Ken Williamson:
Quote from @Shawn Fletcher:
Hi Leslie, Did you move forward with RE Developer Training offered by Jerome Maldonado. I've been giving lots of thought buying a lot for build and sale of a SFR, and would like to touch base with like minded folks.
Thank you,
Shawn
I was in the 6 month program and paid $5000. Didn’t get any value from it due to not being able to be on almost all the zoom calls due to my job. I guess that’s my fault for having to work during the times when the calls are scheduled.I Feel his program should’ve been billed for actual calls that you attended vs 6 to 12 months and you’re out. The zoom calls are packed with other wanna be aspiring developers/investors trying to ask him questions. Never once did anyone from his staff call and ask why I wasn’t getting on the calls that I paid to be on if there were problems etc etc. However they did call and ask me to give a good review and once they removed me from the WhatsApp and no longer allowed to network with other individuals from the group they have called trying to get me to sign back up for even more money. I found way better courses since then that actually go over what it takes to build a home for way less money! I’m sure there are a few successes stories in his group but for the majority of people that get in his group they are just wasting their money! You can get most of what he talks about for free on YouTube. And not to mention that once your out of the group you lose access to the zoom calls that you paid to be on so no going back and reviewing them!
Hi Ken, would you be willing to share the course/instructor name that helped you go over the new build process? Appreciate it!
- New to Real Estate · Las Vegas, NV · Member since 2023 · 13 posts · 2 votes2y
Quote from @Jay Hinrichs:
Quote from @Stuart Udis:
I am always skeptical of these real estate "gurus" and course providers. If you are going to pay for mentorship, find an experienced operator in your market or better yet, offer to invest in the experienced operators projects and get an inside look at their process and systems. This way you learn and make a return on your money. These course providers tend to sell their customer base on unrealistic expectations or teach the most basic of concepts which are easily picked up through a book or merely browsing through these forums.
its all great on the surface.. but where is the financing coming from for ground up ??? Folks with zero experience unless that have CASH to buy the land and build are not going to do anything with the information without financing and well vertical development financing is basically not available for beginners. So my thought is before you spend money on how to run entitlement work and build a home get your financing in order first without it just wasting money. Even most HML will not fund if you have zero experience maybe some will do easy fix and flip type projects that anyone can figure out how to put back together but new construction NO WAY. Save your money until you get financial backing of some sort.Agreed, I was looking into Jeromes Workshop but the financing issues always comes to mind. I'm based in Vegas and was looking into lenders and financing options. Most want experience, coupled with personal/business credit. I am looking into different avenues to counter this experience barrier but I figured that unless you partner up with someone that has that experience then you maybe SOL.
- 2yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Quote from @Clarence Swift:
Quote from @Kamari Eason:
Quote from @Clarence Swift:
Quote from @Joe S.:
Quote from @Justin Perez:
Hey Leslie!
I Joined Jeromes Buying land and building homes program back in 2019
Heres my opinion on my experience....
First and foremost He offers two different programs. a 6 month program and a 12 month program.BOTH PROGRAMS ARE EXACTLY IDENTICAL THE ONLY DIFFERENCE IS:
You can choose to have the weekly mentoring by Jerome once a week for 6 months or 12 months on a zoom call and you can have access to a private networking group of real estate professionals whether that be (realtors, contractors, brokers, Private/Hard money lenders, loaning institutions, Surveyors, Engineers, Zoning Board members in different municipalities, pretty much anyone you would need to get a project completed) for either 6 months or 12 months.
6 month program will run you $5,997 if you decide to pay all at once
or you can make a $2,300 payment every 2 months totaling $6,900
12 month program will run you $9,997 if you decide to pay all at once
or you can make a $3,000 payment every 3 months totaling $12,000
I decided to join the one year program and chose the payment option as i figured within 6-8 months i would have my 1st project completed therefor my last two payments would essentially be covered by the return on investment from that project.
PROS:
The group is really a family oriented space where you meet a vast variety of people from all types of background throughout the country and other countries that are doing business just like you. Everyone is truly your team member and not your competition. I have been able to take my real estate portfolio to a level in which i really didn't think possible and educate myself on so many things not only in real estate but in creating wealth throughout the power of networking with others that have experience and proven track records in other types of businesses. I honestly would be here all day about Pros.
CONS:
Not every single state has dozens of contacts at your access but majority of states do.I wish i would've started when i was 18.
NOW THE BIG QUESTION IS IT WORTH IT?
In my opinion it was well worth every penny. I'am now on my 4th year with Jerome but no longer am in the 12 month course. instead last year i joined another private group Jerome offers to students that have been apart of the program for a minimum of one year which is running me $30,000 a year which includes another course that dives in deep mostly with Muti-family apartment complexes, Manufacturing warehouses, Commercial Property and even High Rise skylines for people looking to scale their real estate portfolio to a massive level and attain nine figures.
I Hope this helps if you have any specific questions or are thinking about joining the program I don't mind referring you to someone! Good luck and much success to you in your real estate business!I’m not sure if you’re a real poster or you are part of Jeromes marketing team. If you’re a real poster, they need to give you some sort of commission on the sales you bring in. 🧐🤓
I enrolled in his course this time last year. Since then I've bought two apartment complexes and will be building additional units on them using knowledge and processes learned for Jerome and his colleagues. If you are worried about the price then the program isn't for you but just consider you spend 4 years and about 50 to 100k+ to get a degree that pays you around 75k. This training can make you a multi millionaire at best or put 50 to 100k+ in your pocket every year part time. The house build course is pretty straight forward and walks you like a baby through every step from finding the land and entitling it to building and selling. The multi family course is a bit more complicated and costly but it's worth it price too. These are pics from the build wealth summit the tickets were 8 dollars in Vegas. And no I'm not a team member of Jerome. I'm a black country boy from tuskegee alabama that don't mind promoting someone that actually has a course and community of investors that's worth much more then the money you will pay for a courseThis was the review I needed, any tips to make the best out of the program and did you have to use a lot of your own capital to get started in the construction process or was the network of private lenders. helpful
So i started off on the program focused on building houses. Later i found out I actually wanted the class focused on building apartments. Because I had already purchased the house building courses I got a nice discount on thw course I wanted. Since thw course upgrade I have entitled and acre to have 24 apartments units on it. I learned the entire process of entitlement from jerome. Entitlement is the process of getting municipality authorization to build a specific structure on a specific peace of land for a particular reason. Once entitled( with it is)I can now sell the land I bought for 55k for several hundred dollars and if a get building permits I can sell for substantially higher. I will build the 24units though. If money is an issue I would tell you to take the course that is about building and flipping houses. The course is not expensive. If your credit ****** you need to hit up creditrepair.com or some other credit repair company and work on getting yp to about a 680 or more with you learning from jerome. While you building your score you will be looking for land to buld a home on and jerome will be telling you how to go about finding best location to buld the house the best criteria to use to pick that locTion and thw price point you want to pay. This is called underwriting. So you will work on your credit while learning to underwrite deals. By time your credit is straight you should be a master at underwriting and have identified a few properties ypu think are suitable. If you got your credit decent you can start soft shopping for conventional/fha home loans if you didnt do so well improving your credit this is where you start looking for private lenders, partners and investors. Luckily you will be in a class and larger group of investors and future investors looking for a good deal to participate in. If you are strapped for cash this is a great place to bring a good deal and get it funded. I said all that to say this its several folk in both classes that have spent money and time and will get nothing out of it . Its also several folks that spent their money and have become successful at building houses and apartments and entitling land. It just a matter of learning the info and doing the leg work of going out finding and talking to the people you need to talk to and emplimenting what you have learned. The hardest part is finding the right people to talk to i.e sellers, lenders, contractors, and not stopping until you find them the rest will fall into place because you have thw info in your head and a mentor(jerome) that will guide you when you get your deal rolling. I hope that helps some.
getting entitlements and build are to completely different things.. And entitlement cost can vary greatly.. from say minimum 50k and you need the money to over 1 mil per project.. this simply is not realistic especially if you have to go to credit repair LOL.. I mean come on.. this is big boy/ girl deals.. best one can do if they are cash challenged or credit challenged is somehow talk thier way into a contract and flip it. - Member since 2020 · 2 posts · 3 votes2yHa at least you got a full refund! Most programs I see out there, you're $hit out of luck getting your money back.
Quote from @Brikkelle Thompson:
My husband and I joined Jerome Maldanado's Build Wealth Mastermind program, as 12 month program that cost $20K. First, know that Jerome is exceptionally knowledgeable on buying land and building SFR, MFR, and apartment buildings.
We just withdrew our membership to the program for a full refund. The program is not what we had hoped for.
- New to Real Estate · Orem, UT · Member since 2024 · 3 posts · 5 votes2y
A good friend of mine convinced me to buy a ticket for one of Jerome Maldonado’s speaking events. I’ve been interested in real estate for a while, so the event sparked my interest, but I’m also aware that there are a lot of scammers and “hucksters” out there who simply take your money and don’t offer much in return. I wanted to see if he was legitimate or not, so I did my due diligence.
- Real Estate Consultant · Evergreen, CO · Member since 2018 · 1k+ posts · 739 votes2y
Quote from @Travis Moffat:
A good friend of mine convinced me to buy a ticket for one of Jerome Maldonado’s speaking events. I’ve been interested in real estate for a while, so the event sparked my interest, but I’m also aware that there are a lot of scammers and “hucksters” out there who simply take your money and don’t offer much in return. I wanted to see if he was legitimate or not, so I did my due diligence.
What did you find out?
- New to Real Estate · Orem, UT · Member since 2024 · 3 posts · 5 votes2y
@Nate Marshall I put my notes in a Microsoft Word document. Here's the link:
Jerome Maldonado Research.docx - New to Real Estate · Las Vegas, NV · Member since 2023 · 13 posts · 2 votes2y
Good to know. I get the same vibes from him.
- Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes2y
There is no guru or course on the planet that can teach you real estate development in the span of days or weeks
Someone can teach your college level 101 stuff but I would love to see how these courses tell you how to interact with planning and zoning boards, how to negotiate proffers, how to deal with disgruntled neighbors and community members. How to hire a design team, what to look for - do you run all the agreements under the architect or separate and why…..
To me anyone going into a this type of program is going to be disappointed.
7e investments53 Reviews - Real Estate Consultant · Evergreen, CO · Member since 2018 · 1k+ posts · 739 votes2y
Quote from @Chris Seveney:
There is no guru or course on the planet that can teach you real estate development in the span of days or weeks
Someone can teach your college level 101 stuff but I would love to see how these courses tell you how to interact with planning and zoning boards, how to negotiate proffers, how to deal with disgruntled neighbors and community members. How to hire a design team, what to look for - do you run all the agreements under the architect or separate and why…..
To me anyone going into a this type of program is going to be disappointed.
What Chris said X100!!!!
- 1yTou FangPro MemberRental Property Investor · Saint Paul, MN · Member since 2016 · 64 posts · 6 votes
After reading these reviews, I am going to join his course and group. Now, I've been investing for 8 years with free content, but this is something that I know will help me. Also, paying 20k for a course is not that much for me anymore.
For me, if you are questioning the amount to join, then you are not ready for the course and that mentor. There are plenty of free content on youtube already, so start with those free content first.
Good luck all. Happy investing. - New to Real Estate · Orem, UT · Member since 2024 · 3 posts · 5 votes1y
Best of luck! Must be really nice to be in a spot where 20k “isn’t that much anymore” haha!
- 1yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Quote from @Chris Seveney:
There is no guru or course on the planet that can teach you real estate development in the span of days or weeks
Someone can teach your college level 101 stuff but I would love to see how these courses tell you how to interact with planning and zoning boards, how to negotiate proffers, how to deal with disgruntled neighbors and community members. How to hire a design team, what to look for - do you run all the agreements under the architect or separate and why…..
To me anyone going into a this type of program is going to be disappointed.
No kidding.. each Jurisdiction is unique.. I mean after decades of doing this myself well over 1000 lots created.. When I started in WA DC area funding a few new projects.. I had never heard the term Proffers before LOL.. Now to be fair the company we are funding is a Civil engineering firm with deep experience.. I would never fund a newbie .. and if I am doing something like this for myself out of my home market that I know very well.. instead of paying for a guru course.. I would simply hire a good civil that has done development in that jurisdiction and pay for a feasibility study and let them run through all the check items.. but thats really just the start.. also for context .. these projects require 350 to 750k in CASH up front to get to approved plat status .. Of course this is on the high end of what I have seen in Oregon we can usually get to the same place for 100 to 200k.. In CA it can be 500k to 1 mil or more. So anyway one can pay the 20k and get some basic theoretical knowledge but one should be realistic this is a big cash up front business.. your not going to find consultants doing this work on the come.
- Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes1y
Quote from @Jay Hinrichs:
Quote from @Chris Seveney:
There is no guru or course on the planet that can teach you real estate development in the span of days or weeks
Someone can teach your college level 101 stuff but I would love to see how these courses tell you how to interact with planning and zoning boards, how to negotiate proffers, how to deal with disgruntled neighbors and community members. How to hire a design team, what to look for - do you run all the agreements under the architect or separate and why…..
To me anyone going into a this type of program is going to be disappointed.
No kidding.. each Jurisdiction is unique.. I mean after decades of doing this myself well over 1000 lots created.. When I started in WA DC area funding a few new projects.. I had never heard the term Proffers before LOL.. Now to be fair the company we are funding is a Civil engineering firm with deep experience.. I would never fund a newbie .. and if I am doing something like this for myself out of my home market that I know very well.. instead of paying for a guru course.. I would simply hire a good civil that has done development in that jurisdiction and pay for a feasibility study and let them run through all the check items.. but thats really just the start.. also for context .. these projects require 350 to 750k in CASH up front to get to approved plat status .. Of course this is on the high end of what I have seen in Oregon we can usually get to the same place for 100 to 200k.. In CA it can be 500k to 1 mil or more. So anyway one can pay the 20k and get some basic theoretical knowledge but one should be realistic this is a big cash up front business.. your not going to find consultants doing this work on the come.
100% agree. When I was in massachusetts everything was union built. They had proffers up there but things you would not be taught - when you have a project site you have to use police officers and not flagman. If you have two gates which requries two police officers then they need a supervisor. So you would spend around $25-$30k a month (this was 15 years ago) on police details and require union gate and non union gate if you had non union workforce as well.
In DC area, the utility providers are a huge challenge, whether getting permanent power, or water/sewer service etc - good luck. Fairfax county virginia is very different than Montgomery county maryland even though they are right next door to each other and most do business in both.
PS: Hopefully you did not get beat up too bad on the proffers. We had one where they wanted us to pay for the majority of the costs to replace 1 mile of sewer back to a larger main.
7e investments53 Reviews - 1yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Quote from @Chris Seveney:
Quote from @Jay Hinrichs:
Quote from @Chris Seveney:
There is no guru or course on the planet that can teach you real estate development in the span of days or weeks
Someone can teach your college level 101 stuff but I would love to see how these courses tell you how to interact with planning and zoning boards, how to negotiate proffers, how to deal with disgruntled neighbors and community members. How to hire a design team, what to look for - do you run all the agreements under the architect or separate and why…..
To me anyone going into a this type of program is going to be disappointed.
No kidding.. each Jurisdiction is unique.. I mean after decades of doing this myself well over 1000 lots created.. When I started in WA DC area funding a few new projects.. I had never heard the term Proffers before LOL.. Now to be fair the company we are funding is a Civil engineering firm with deep experience.. I would never fund a newbie .. and if I am doing something like this for myself out of my home market that I know very well.. instead of paying for a guru course.. I would simply hire a good civil that has done development in that jurisdiction and pay for a feasibility study and let them run through all the check items.. but thats really just the start.. also for context .. these projects require 350 to 750k in CASH up front to get to approved plat status .. Of course this is on the high end of what I have seen in Oregon we can usually get to the same place for 100 to 200k.. In CA it can be 500k to 1 mil or more. So anyway one can pay the 20k and get some basic theoretical knowledge but one should be realistic this is a big cash up front business.. your not going to find consultants doing this work on the come.
100% agree. When I was in massachusetts everything was union built. They had proffers up there but things you would not be taught - when you have a project site you have to use police officers and not flagman. If you have two gates which requries two police officers then they need a supervisor. So you would spend around $25-$30k a month (this was 15 years ago) on police details and require union gate and non union gate if you had non union workforce as well.
In DC area, the utility providers are a huge challenge, whether getting permanent power, or water/sewer service etc - good luck. Fairfax county virginia is very different than Montgomery county maryland even though they are right next door to each other and most do business in both.
PS: Hopefully you did not get beat up too bad on the proffers. We had one where they wanted us to pay for the majority of the costs to replace 1 mile of sewer back to a larger main.
so far so good one project is well and septic.. of course we had to drill wells and do all the ground tests etc.. the other projects are basically infill with mainlines already established.
out west here each state is different.. in CA you will hear the term Mello Roos .. Mello Roos are bonds that are floated to do off and on site development and then added to the tax bill. there is also 1915 act bonds etc.. if there was not the ability to float bonds CA would never have developed as it has as the up front captial for major improvements would have been a major stumbling block.. Here in Orygun they dont allow bond issue for private development so yes if you get stuck with some major offsites its up to the project.. I have an option in a 35 acre parcel that I am flipping to one of the major regionals here and its part of a 700 lot project the off sites are about 25 million. Ergo my having to flip it :) we still have a solid 7 bagger on the flip though. Sometimes you need to know when you can hold em and when its time to fold em and move on.
I get the dreamers wanting to pay to get into development and I can see in some markets this would work were its not so intense to develop but in other markets ( and I am sure the Guru just takes your money and does not get into market specifics) 99% of the folks buying this will never do anything with it.. it takes decades to figure this out or U need to be with a BIG firm that has millions upon millions behind them..
Wow police that's outrageous. what we do in Orygun is flaggers are all women owned business's and that's how the contractors are able to maneuver city state contracts that require a certain amount of minority owned business. This is something that I don't think many women and minority's understand the HUGE advantage they have over others. Of course these are West coast rules CA OR WA. - 1yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Quote from @Brikkelle Thompson:
Hi, I attended Jerome’s Build Wealth Summit 2 weeks ago in Vegas. He had a lot of speakers over the 2 days, most mentionable are Pace Morby, Ed Mylett, and Tai Lopez (seems to be mixed reviews in Tai). TBH these circles do speaking engagements as promotional opportunities, it’s a hand shake and “I’ll speak at yours if you speak at mine”. They all spoke about something that you can already view in their You Tube channel.
Jerome has 2 programs, Buy Build Flip for $7,500 and Build Wealth Mastermind for $20K.
Jerome is still maturing from running a construction company to being a mentor and business leader that runs programs to develop others for success. It’s disorganized, lacks any agendas, materials, or content. The zoom meetings are a free for all and Jerome relies on his hype communication style to amp people up but there is no content or context to get amped up about. Participants are continuously told “we’ll cover all these details so you can do this too in just a moment”, the moment never arrives.
I’m planning to cancel my membership and get refunded. Super disappointing.
Tai lopez it appears has really costs Norada Capital immeasurable harm. - Investor · pensacola fl · Member since 2023 · 57 posts · 12 votes1y
Quote from @Ken Williamson:
Quote from @Shawn Fletcher:
Hi Leslie, Did you move forward with RE Developer Training offered by Jerome Maldonado. I've been giving lots of thought buying a lot for build and sale of a SFR, and would like to touch base with like minded folks.
Thank you,
Shawn
I was in the 6 month program and paid $5000. Didn’t get any value from it due to not being able to be on almost all the zoom calls due to my job. I guess that’s my fault for having to work during the times when the calls are scheduled.I Feel his program should’ve been billed for actual calls that you attended vs 6 to 12 months and you’re out. The zoom calls are packed with other wanna be aspiring developers/investors trying to ask him questions. Never once did anyone from his staff call and ask why I wasn’t getting on the calls that I paid to be on if there were problems etc etc. However they did call and ask me to give a good review and once they removed me from the WhatsApp and no longer allowed to network with other individuals from the group they have called trying to get me to sign back up for even more money. I found way better courses since then that actually go over what it takes to build a home for way less money! I’m sure there are a few successes stories in his group but for the majority of people that get in his group they are just wasting their money! You can get most of what he talks about for free on YouTube. And not to mention that once your out of the group you lose access to the zoom calls that you paid to be on so no going back and reviewing them!
what cheaper course
- Real Estate Consultant · Evergreen, CO · Member since 2018 · 1k+ posts · 739 votes1y
Quote from @Jay Hinrichs:
Quote from @Brikkelle Thompson:
Hi, I attended Jerome’s Build Wealth Summit 2 weeks ago in Vegas. He had a lot of speakers over the 2 days, most mentionable are Pace Morby, Ed Mylett, and Tai Lopez (seems to be mixed reviews in Tai). TBH these circles do speaking engagements as promotional opportunities, it’s a hand shake and “I’ll speak at yours if you speak at mine”. They all spoke about something that you can already view in their You Tube channel.
Jerome has 2 programs, Buy Build Flip for $7,500 and Build Wealth Mastermind for $20K.
Jerome is still maturing from running a construction company to being a mentor and business leader that runs programs to develop others for success. It’s disorganized, lacks any agendas, materials, or content. The zoom meetings are a free for all and Jerome relies on his hype communication style to amp people up but there is no content or context to get amped up about. Participants are continuously told “we’ll cover all these details so you can do this too in just a moment”, the moment never arrives.
I’m planning to cancel my membership and get refunded. Super disappointing.
Tai lopez it appears has really costs Norada Capital immeasurable harm.The fact that anyone does business with Tai Lopez amazes me. He is the poster child for Gitmo!
- Wholesaler · San Bernardino, CA · Member since 2015 · 84 posts · 15 votes10mo
Quote from @Leslie LaBranche:
Hello all,
I'm interested in taking the real estate developer training with Jerome Maldonado here is a link to his website https://jeromemaldonado.com/ I want to know if anyone has taken the course and what was your experience with it?
I'll say this. He is the real deal. We talked back and forth couple times on his live. He has tons of videos on YouTube probably the same exact stuff he teaches in his classes. He gave an address to a house he was going to build. Its built, I saved it on zillow going for $879k, He showed how much he paid for the lot. He doesn't say its for everyone but if your sirius about it, learn off of his youtube videos first because he has tons of them. Tons of great info.
- Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes10mo
Quote from @Carlos Villalta:
Quote from @Leslie LaBranche:
Hello all,
I'm interested in taking the real estate developer training with Jerome Maldonado here is a link to his website https://jeromemaldonado.com/ I want to know if anyone has taken the course and what was your experience with it?
I'll say this. He is the real deal. We talked back and forth couple times on his live. He has tons of videos on YouTube probably the same exact stuff he teaches in his classes. He gave an address to a house he was going to build. Its built, I saved it on zillow going for $879k, He showed how much he paid for the lot. He doesn't say its for everyone but if your sirius about it, learn off of his youtube videos first because he has tons of them. Tons of great info.
someone who has youtube videos and can share one deal does not make them the real deal. I can name 25 people who have youtube channels and "courses" and when you look them up havce civil cases against them or have spent time in prison.
Also to consider someone to being the real deal you need to compare them to someone and how many students has he had who have been successful? what is the persons success rate?
7e investments53 Reviews - Wholesaler · San Bernardino, CA · Member since 2015 · 84 posts · 15 votes10mo
Quote from @Chris Seveney:
Quote from @Carlos Villalta:
Quote from @Leslie LaBranche:
Hello all,
I'm interested in taking the real estate developer training with Jerome Maldonado here is a link to his website https://jeromemaldonado.com/ I want to know if anyone has taken the course and what was your experience with it?
I'll say this. He is the real deal. We talked back and forth couple times on his live. He has tons of videos on YouTube probably the same exact stuff he teaches in his classes. He gave an address to a house he was going to build. Its built, I saved it on zillow going for $879k, He showed how much he paid for the lot. He doesn't say its for everyone but if your sirius about it, learn off of his youtube videos first because he has tons of them. Tons of great info.
someone who has youtube videos and can share one deal does not make them the real deal. I can name 25 people who have youtube channels and "courses" and when you look them up havce civil cases against them or have spent time in prison.
Also to consider someone to being the real deal you need to compare them to someone and how many students has he had who have been successful? what is the persons success rate?
I Only say he's the real deal because he really goes in depth gets to the nitty gritty on all the stuff that's confusing when it comes to lending, permits, surveys, reports. Everything he says i cross-examine on my own to confirm (well not everything but most) And so far hes lagit. They don't call it YouTube university for no reason. Why do you knock YouTube? I've learned tons and tons of stuff on YouTube. Are you serious?? This guy shows you raw land that he buys takes you step-by-step records Everything (youtube) from the time hes prospecting land to purchasing it. Says Open an llc, get business loans or line of credit or any type of creative financing for entitlements that you will do later. Then order an appraisal after your fully stamp set is complete from an architect. with all reports energy, soil, hydrology, topographic, geotech. Improvement location report you name it all there. That's your ticket right there to lending. Yes I got all this from "youtube" and Jerome. In fact i took it upon myself to research some of his houses that he's supposedly has built and sure enough he is, one hundred percent , the seller/builder. Look up on zillow 10 basketweaver CT placitas NM 87043 I remember seeing that property was just dirt not long ago. Currently, for sale for close to a mil. If he sells that house anywhere near that. That's $200k+ profit. Id say he's not doing to bad for himself.
- Real Estate Consultant · Evergreen, CO · Member since 2018 · 1k+ posts · 739 votes10mo
Quote from @Carlos Villalta:
Quote from @Leslie LaBranche:
Hello all,
I'm interested in taking the real estate developer training with Jerome Maldonado here is a link to his website https://jeromemaldonado.com/ I want to know if anyone has taken the course and what was your experience with it?
I'll say this. He is the real deal. We talked back and forth couple times on his live. He has tons of videos on YouTube probably the same exact stuff he teaches in his classes. He gave an address to a house he was going to build. Its built, I saved it on zillow going for $879k, He showed how much he paid for the lot. He doesn't say its for everyone but if your sirius about it, learn off of his youtube videos first because he has tons of them. Tons of great info.
he is financed by the cartel.
- Wholesaler · San Bernardino, CA · Member since 2015 · 84 posts · 15 votes10mo
Quote from @Nate Marshall:
Quote from @Carlos Villalta:
Quote from @Leslie LaBranche:
Hello all,
I'm interested in taking the real estate developer training with Jerome Maldonado here is a link to his website https://jeromemaldonado.com/ I want to know if anyone has taken the course and what was your experience with it?
I'll say this. He is the real deal. We talked back and forth couple times on his live. He has tons of videos on YouTube probably the same exact stuff he teaches in his classes. He gave an address to a house he was going to build. Its built, I saved it on zillow going for $879k, He showed how much he paid for the lot. He doesn't say its for everyone but if your sirius about it, learn off of his youtube videos first because he has tons of them. Tons of great info.
he is financed by the cartel.
Don't be a hater, bro.It's not good for your health.
- Real Estate Consultant · Evergreen, CO · Member since 2018 · 1k+ posts · 739 votes9mo
Quote from @Carlos Villalta:
Quote from @Nate Marshall:
Quote from @Carlos Villalta:
Quote from @Leslie LaBranche:
Hello all,
I'm interested in taking the real estate developer training with Jerome Maldonado here is a link to his website https://jeromemaldonado.com/ I want to know if anyone has taken the course and what was your experience with it?
I'll say this. He is the real deal. We talked back and forth couple times on his live. He has tons of videos on YouTube probably the same exact stuff he teaches in his classes. He gave an address to a house he was going to build. Its built, I saved it on zillow going for $879k, He showed how much he paid for the lot. He doesn't say its for everyone but if your sirius about it, learn off of his youtube videos first because he has tons of them. Tons of great info.
he is financed by the cartel.
Don't be a hater, bro.It's not good for your health.
Cry harder boi.
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