Fix & Flip, Wholetailing, · West Columbia, SC · Member since 2013 · 215 posts · 60 votes
Has anyone here heard of or dealt with a company called Strongbrook ?
A member of my REI club has been pushing them, they offer "turnkey" investments" in Orlando, Vegas, and other markets.
They offer property management, design a portfolio for you etc. They discuss refi and cashing out and selling of then moving to free and clear investments.
Just curious to see what anyone here knows about them??
My limited knowledge (to this point) is that Strongbrook is the re-branding of a previous company by Kris Krohn called REIC. I believe they were based out of Utah.
I went to one of their meeting a few years back only to discover that they were selling very expensive subscriptions to be a member with them. I tried asking a lot of questions but couldn't seem to get specific answers, only general promises of what a membership could/would provide. (It seemed that I couldn't get answers to my questions unless I joined first.)
The people "working" with them seemed to all be on a referral-based commission of some kind because I found NO objectivity, and there was always a push to join.
There was nothing that they "offered" that I couldn't do for myself, or get elsewhere for less or free. After doing a limited amount of research on them, I concluded that they were making a lot of money on the front end, and commissions or referral fees on the back end.
Bottom line is I found their marketing 'machine' to be great, but their value proposition to be lacking. I couldn't justify their membership fees.
StrongBrook (They do real estate Investing. It has NOTHING to do with "Gurus" or "mentors" or any such nonsense. They're made up of a real estate brokerage, a mortgage and lending company, a property management company, a rehabilitation company, a legal services company, and more.)
StrongBrook Mentoring Network (This is the "Mentor", "Guru" place people talk about. It's made up of people like Shark Tank's Kevin Harrington, Les Brown, Roger Salam, and others. It's meant to help people looking for motivation/coaching/advice in real estate investing, business, life, and more.)
StrongBrook Direct (This is the Direct Sales side of StrongBrook. They make a commission when they refer someone to StrongBrook who invests in real estate, OR when they refer someone to the StrongBrook Mentoring Network.)
Anyway, I give this clarification for a few reasons: StrongBrook is an excellent choice for most investors who want to get into REI. It gets a bad rap for it's Direct Sales branch, and even for it's Mentoring Network. But I just wanted to separate this for those who are confused.
@Marco Santarelli It sounds to me like you had an experience where a bunch of people from the StrongBrook Direct side of the company were trying to tell you how great of an investment it is. (I'm sorry that was your experience). If you would like to learn more of the specific details I can connect you with my brother who is a Project Manager with StrongBrook (The real estate investing portion), and is the guy you would talk to AFTER all the sales guys). He can get you specifics and even connect you with the different departments to learn more about the deals they do.
@Ronnie Boyd If you would also like to skip the sales guys, I'd also be happy to put you in touch with my brother.
@Wayne Brooks As humorous as your comment is, it's mis-leading, especially regarding the actual results that StrongBrook experiences with their clients. I would gladly post that information here, but Bigger Pockets prohibits most of that information on the grounds it is marketing material. If you would like to connect I'd be happy to PM you any information you're interested in.