Quote from @James Wise:
Quote from @James Hamling:
Quote from @James Wise:
Reading the comments on Brandon's IG Post, it's crazy how people are being so mean to him.
Did you all miss what he's willing to do for you? If you lost all of your money investing with him, he is now willing to allow you to give him MORE of your money to make things right.
What a class act. A true man of the people. How do I become a member of his tribe?
".... I just don't have it, nor anything even close....".
Aaaahhhh, am I the only one thinking that as odd?
No, not saying should cut a check to pay investo5rs, that's not how it works, that is the reality of it.
But if your looking to manage a billion dollars in capitol, yeah, I would assume you'd have something at least close to 15 million.
That is a big standout statement to me, it doesn't math.
I feel there is some serious "clarity" needed in connection to such disfunction of the maths.
Agree, that's pretty bad, but the biggest thing that stood out to me was his plan to save the other dead in the water investments..
The irony is deafening. This guy is so clueless that he thinks publicly telling people he's got to scale a real estate coaching business because he's so bad at real estate he's gonna need to raise $30 Million over the next 2 years as a last ditch effort to save the other terrible real estate investments he spent people's money on.
What a friggin stooge man.
Uhm..... Ok..... Just breaking that post down to follow the bouncing ball:
Think the social cringy stuff is, cringy.....
But, gotta do the social cringy stuff.....
Because the RE Investments are FUBAR. Need to raise $30m in immediacy (yes, 2yrs IS immediacy in commercial) to survive.
Aaaaand gonna raise the "srvival funds" via selling REI Hopeium.....
Aaaah WHA????
The real estate investments are failing, bad. So to survive gotta sell how to real estate invest......
So, isn't that like a boat builder who's boats keep sinking saying they are gonna sell how-2 make boat courses, to get the $$$$, to patch the sinking boats?
Look, I get it, the market shifted.
Cost of finance changed.
The economy shifted.
Things didn't stay static for eternity.
Do I accept that as an excuse? No, I do not.
Understanding sunsets always follow sunrises is not rare or unforeseeable, it's kind of how real estate has worked forever.
So they chased the boom, and made bad deals. Like many others.
Exactly what was foreseen, warned of, and prepared for by the experienced veterans in the industry, and why those syndicators are not imploding along with them.
And reading between the lines, is the ugliest side of things. That there is a lot more imploding to come, that they got no answer for, nothing they can see or are doing with the investments themselves, and there just riding it into the wall.
Ok, so what would be a better more honest approach?
Put together a how and what NOT to do course, loaded with the real world experience of how what seemed great turned to ashes, and sell that, call it a $250 experience bundle. Every detail of the journey, all the numbers, the entire journal. That would be honest. And, I think well worth the $250 for many.
Sell 120k and pow, you got your $$$$.
Is there 120k people who would benefit from the knowledge of what NOT to do, yeah, I think so, because it's not just wanna-be syndicators but LP's also.
But selling hopeium on how to become a millionaire is obviously targeted at those who have near to no chance of ever doing or getting anything out of it.
To become a millionaire in real estate investing takes very few properties, not hundreds, just a handful really.
And in investing, similarly, it's truly not a very high bar to hit if have been exercising patience and consistency over time.
So we know that whole thing is focused to the brand new, super noob, with all but no anything.
In summary, F a new group of people to bail out the other group of currently f'd people, for a bit more time at least.
Classy?..... I think not.
What else could they do?
I don't know, maybe start acting like pro real estate investors and engineer a way to turn lemons into fruit punch vs just playing it basic.
"Deals" are not had, there created. Profits are generated. If it was as simple as just deploy capitol and returns roll in reliably Schwab would be the #1 Real Estate Investor.
So I say WTF Brandon, stop being thought lazy, get creative, you're not being scrapy enough. Did you get too corporate and loose your grit?
To me, I'd like to see ODC get scrapy about it, creative, swing for the fences not just do the basics. I hold a higher expectation of scrapiness given the origin.
