Jerome Maldonado courses
Costa Mesa, CA · Member since 2016 · 6 posts · 9 votes
Hi, I'm new to real estate investing and I wanted to know if anyone has paid for and used the courses Jerome Maldonado teaches? I'm interested in that idea of building multi family properties but I want to know if his course is worth it or could I find most of that info right here on bigger pockets? Thank you to all those who have input.
SCAM. I attended a seminar in March and paid for a private workshop. They didn't contact me about the workshop. Now I'm trying to get my money back but they won't return my calls all of a sudden. I"m going to report this to BBB and other places.
the place to report scams is https://www.ripoffreport.com/
Hi I'm looking as well. Did you pick it up?
Hi I'm looking as well. Did you pick it up?
SCAM. I attended a seminar in March and paid for a private workshop. They didn't contact me about the workshop. Now I'm trying to get my money back but they won't return my calls all of a sudden. I"m going to report this to BBB and other places.
SCAM. I attended a seminar in March and paid for a private workshop. They didn't contact me about the workshop. Now I'm trying to get my money back but they won't return my calls all of a sudden. I"m going to report this to BBB and other places.
the place to report scams is https://www.ripoffreport.com/
SCAM. I attended a seminar in March and paid for a private workshop. They didn't contact me about the workshop. Now I'm trying to get my money back but they won't return my calls all of a sudden. I"m going to report this to BBB and other places.
the place to report scams is https://www.ripoffreport.com/
I will file a report. Thanks.
@Drew Mahlmeister I personally wouldn't advocate paying for a course. BiggerPockets has a wealth of free information and I would start by attending your local REIA. You will meet active investors in your market, build relationships and may even find a mentor. In my experience, those local connections are often more valuable than an expensive course.
@Drew Mahlmeister I personally wouldn't advocate paying for a course. BiggerPockets has a wealth of free information and I would start by attending your local REIA. You will meet active investors in your market, build relationships and may even find a mentor. In my experience, those local connections are often more valuable than an expensive course.
Bigger Pockets does indeed offer a of of opinions. But, I'm curious, how do you suggest a newbie separate the silver from the dross? Someone that is new doesn't have the perspective to analyze the information coming at them. I've seen so manty people give factually bad advice, some of which will get you sued, coming from people who have done one or two deals that it makes my lips go "tisk", "tisk". Then there's the guy who BP has his book for sale that advocates buying houses off the MLS, taking over the loan, using "gater lenders" money, paying full price and borrowing money to pay agents fees. The buyer has no money into the deal. All of the time I read about people making the simple mistake of not including closing costs, title reports, and how easy finding properties is supposed to be.
I agree that REIAs (Ones that charge a modest amount a month, say $20) is the way to go and to find someone doing what you'd like to do. But some of these groups charge $20,000 dollars not $20 and people get sucked into rah, rah groups instead of learning and networking.
I think a stronger approach is to watch what people do, advocate, talk about, and can prove with receipts that they've bought and done it, is the way to. But this is a text based medium so showing actual pictures is poo pahed by the older guys, and they typically complain that you're "advertising" so go figure ;-)
@Ken M. We are all adults here and real estate investing involves risk. The responsibility ultimately falls on each investor, new or experienced to do their own due diligence. If someone chooses to buy an expensive real estate course, attend their local REIA meetings or learn through the BiggerPockets community that is their decision. Personally, I wouldn't pay for an expensive course and I am not aware of any local REIA charging $20,000 for membership. The most I have paid is around $30 to attend a monthly meeting and I have found the networking and relationships there to be far more valuable than costly programs.
@Ken M. We are all adults here and real estate investing involves risk. The responsibility ultimately falls on each investor, new or experienced to do their own due diligence. If someone chooses to buy an expensive real estate course, attend their local REIA meetings or learn through the BiggerPockets community that is their decision. Personally, I wouldn't pay for an expensive course and I am not aware of any local REIA charging $20,000 for membership. The most I have paid is around $30 to attend a monthly meeting and I have found the networking and relationships there to be far more valuable than costly programs.
Newbies are cautious "adults" so telling them to suck up a loss isn't the answer.
I'm glad you found a legit one, but on youtube there are groups charging $12,000 for a video course, locally one here is charging $20,000 where you sit with half a dozen other people and watch a video course, and people have written on Bigger Pockets about similar groups & expenses and how that was neither beneficial nor satisfying. Large groups and video teaching isn't the way to learn real estate. There are too many variables. I know there are several groups in Houston and Dallas that are in that category, of being non productive.
I can't believe groups like that aren't active in Atlanta. But, my point is, if someone wants training, either take the time through a legit REIA (put in the months to a year) or if they have some money and can hire and still invest, then that's the time to hire someone for one on one training, provided the trainer can prove he's the real thing.
@Drew Mahlmeister I have followed his building content for about 2 years. I have a background in wholesaling lots to builders. His content definitely connected some of the dots for me.
1. The Process to build new construction[what to build/where to build/why]
2. The Lending requirements [Survey, Approved Architectural Drawings, Contract/Option on the Dirt]
3. Scaling from Residential to Commercial.
For the people calling it a scam, I wouldn't say that. If you pay the 10k you aren't getting the "Course" as much as you are getting access to the "Community". But If you are good at networking, you can create that for yourself.
JM has a Business model for New Construction.
1). 700k-850k Product
2). Purchase dirt for 15-20% ARV
3). Use Comps days on market to "copy and paste" product that moves.
4). Do that until you can build Multifamily/Commercial. Start with a Quad and "Resume Up" to a 5m,10m$ developments
5). ** If he inables you to make money, because you are in his community, you can invest in the larger multifamily construction projects as an LP.**
I think he does that tofast track his ability to Raise Capital to complete larger deals. But that is the model. from start to finish. Kinda brilliant. Many of the Guru Communities do that if they are actually doing deals and may need to raise funds. If a Guru is only selling coaching I would beware, but he is actually doing deals. So its up to you ultimately. However, To get started in new construction, you can get started if you actually listen to his content. You can literally do all that stuff if you find a GC, Architect, Structural Engineer(if needed) on google and then find a deal.
@Drew Mahlmeister I have followed his building content for about 2 years. I have a background in wholesaling lots to builders. His content definitely connected some of the dots for me.
1. The Process to build new construction[what to build/where to build/why]
2. The Lending requirements [Survey, Approved Architectural Drawings, Contract/Option on the Dirt]
3. Scaling from Residential to Commercial.
For the people calling it a scam, I wouldn't say that. If you pay the 10k you aren't getting the "Course" as much as you are getting access to the "Community". But If you are good at networking, you can create that for yourself.
JM has a Business model for New Construction.
1). 700k-850k Product
2). Purchase dirt for 15-20% ARV
3). Use Comps days on market to "copy and paste" product that moves.
4). Do that until you can build Multifamily/Commercial. Start with a Quad and "Resume Up" to a 5m,10m$ developments
5). ** If he inables you to make money, because you are in his community, you can invest in the larger multifamily construction projects as an LP.**
I think he does that tofast track his ability to Raise Capital to complete larger deals. But that is the model. from start to finish. Kinda brilliant. Many of the Guru Communities do that if they are actually doing deals and may need to raise funds. If a Guru is only selling coaching I would beware, but he is actually doing deals. So its up to you ultimately. However, To get started in new construction, you can get started if you actually listen to his content. You can literally do all that stuff if you find a GC, Architect, Structural Engineer(if needed) on google and then find a deal.
did you build with his plans
@Drew Mahlmeister I have followed his building content for about 2 years. I have a background in wholesaling lots to builders. His content definitely connected some of the dots for me.
1. The Process to build new construction[what to build/where to build/why]
2. The Lending requirements [Survey, Approved Architectural Drawings, Contract/Option on the Dirt]
3. Scaling from Residential to Commercial.
For the people calling it a scam, I wouldn't say that. If you pay the 10k you aren't getting the "Course" as much as you are getting access to the "Community". But If you are good at networking, you can create that for yourself.
JM has a Business model for New Construction.
1). 700k-850k Product
2). Purchase dirt for 15-20% ARV
3). Use Comps days on market to "copy and paste" product that moves.
4). Do that until you can build Multifamily/Commercial. Start with a Quad and "Resume Up" to a 5m,10m$ developments
5). ** If he inables you to make money, because you are in his community, you can invest in the larger multifamily construction projects as an LP.**
I think he does that tofast track his ability to Raise Capital to complete larger deals. But that is the model. from start to finish. Kinda brilliant. Many of the Guru Communities do that if they are actually doing deals and may need to raise funds. If a Guru is only selling coaching I would beware, but he is actually doing deals. So its up to you ultimately. However, To get started in new construction, you can get started if you actually listen to his content. You can literally do all that stuff if you find a GC, Architect, Structural Engineer(if needed) on google and then find a deal.
did you build with his plans
he doenst give you plans to build with. You have to get an Architech or draftsman to drawn them up. It cost anywhere from 1000 if you use plans online to $7500 for plans and conceptual drawings.
BEWARE OF THIS BUSINESS:I had an HORRIBLE experience with Jerome and his team.I attended a seminar in Northern Virginia in March and paid a significant amount for a private workshop. At the time of purchase, I was told the date was still TBD but would likely take place in June or July.By mid-July, I still had not received any information about the workshop, so I contacted Jerome’s team for an update. I was then told that the workshop had already taken place in June. I explained that I had never received any notification or details and requested a refund. A team member told me that the person responsible for refunds would contact me within a day.No one ever contacted me. Since then, I have followed up multiple times by text and phone and have received no response.What makes this especially frustrating is that before this issue arose, Jerome’s team contacted me frequently to upsell me on other expensive programs. Yet when I had a legitimate problem involving a workshop I had already paid for, I could not get anyone to return a call or text. I wasn't asking for anything unreasonable—I simply wanted someone to speak with me and resolve the situation.I paid a substantial amount for this workshop, and the way this has been handled is unacceptable. If the matter is not resolved, I intend to pursue the remedies available to me and share my experience so that other potential customers can make an informed decision before spending their money.
@Yi Zhao i am sorry to hear your experience. Unfortunately for me I didn't have any money to spend at the time of the events. I managed to get myself booted from a zoom call so I haven't looked at any Jerome Maldonado content since. I hope you are made whole.