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All Forum Posts by: Christine Tolchin

Christine Tolchin has started 2 posts and replied 6 times.

Originally posted by @Steven Roberts:

I called about this platform and went through their "interview process" and their intent is obvious in the first call. They take you through 3 interviews to see if you're "qualified" to give them up to $40,000 to sign on and half of your 'potential profits' for all of the deals you do that they're involved in. Then in the last interview, they pitch this "you've got to make the decision to give us money before we close this call so we know you can make a firm decision!!" LOL - really slick high-pressure sales tactic! Anyone that would do this without doing their diligence or getting references should NOT become an investor! When asking about their "coaching" ...after a lot of deflecting and scrambling for answers, they admitted that they only have 2-coaches other than Peter! Really, how many people can two (I'm sure the coaches are recruited program users) coaches effectively mentor? Lastly, they use/abuse this poor guy Chris as their single source of evidence of success (don't truly successful programs have dozens of successful students to endorse them?) I don't doubt that Peter Harris is skilled and has bought many properties and is successful as a commercial investor, but it is extremely unlikely that he can create successful investors through phone calls and his "E-Deal" platform (which also costs an additional $197 per-month.) Though I didn't actually join, I can speak from experience that you can learn all that you need to learn on this subject on-line and through local mentorships, investment clubs and through networking with commercial brokers, lenders, attorneys and investors....and building these relationships will also verify that you're serious enough about this to move forward before you stroke a check for $40,000!! In terms of the actual deals, you can find far less expensive coaches that can help you - David Tilney - Bill Walston - Grant Cardone (*Who also lets you invest in his $60 to $100M deals with none of the work for a 6% annual return AND a share in 65% of the proceeds at the sale) - and on this website for that matter -- so though I think very few actually join the CPA program anyway, I still don't believe from what I've read and experienced that this is a worthwhile investment as they won't provide data, conversion rates, references or any proof that would substantiate their validity other than one tired video of Chris who fell upon an exceptional deal (and these deals are out there) so this was an immediate warning sign to me. 

@Stevens Roberts have you worked with any of these coaches?  Do you recommend them?  How did you find them?

Originally posted by @Jae Ham:

@Richard Bayle I too have the same predicament! I also started watching a few of Peter Harris's videos. They seem straight forward which I liked. I am currently seeking out professionals willing to consult each deal with me for certain agreed compensation. Hopefully, this would create a good relationship and maybe even a partnership but most importantly, break into the commercial world! Maybe we can share??!! Idk, just weighing my options. 

@Jae Ham, did you find any consultants willing to assist you for a fee?  If so, how did you find them?

@Todd Dexheimer, thank you!  That's exactly what we needed right now.  I appreciate the article and we'll start following your advice. 

Hello,

We are just getting started into commercial real estate and I'd like to know if there are any resources on how to choose the best CRE agent? I have a Century 21 CRE agent who'd like me to sign an exclusivity form, but since he's the only person I've talked to so far, I'd like to make sure I know what I'm getting into before signing anything. He seems responsive, knowledgeable, and nice enough, but what else should I be looking for? The problem is, we need to move fast in order to do a 1031 exchange so the temptation is there to sign and move forward. Any thoughts on this topic are welcome.

As a side note, the exclusivity is specific to the state...is it bad form to have an agent working in another state at the same time?  I'm nervous about the time frame for the 1031, and thought it would be beneficial to be able to move quickly in either state based on which has something available during my 45 day window. The area I am considering is on state lines. 

Thanks,

Christine

Following.  I'm doing my first 1031 and I'm nervous with the market as hot as it is.

Hi! I'm new here at BP. My husband and I are selling our condo in CA as we are needing more cash flow (barely breaking even) and want more security if we end up on one income.  We are planning to do a 1031, but I'm having a hard time deciding where or what to buy.  We have family in OH and IN, so those come to mind first b/c they are more affordable and I can write off travel.  We are also considering a nearby State that we can drive to from SoCal in short notice, like AZ or UT or NV. We plan to get a property management company, so not as important. I've recently learned that AZ and TX have very good landlord laws, so those are an option too.  Then of course, tax friendly states like NV & WY come to mind.  Any thoughts on location?  The other unknown is if I should focus the whole amount of $ into a nice middle class home, or spit it into 2 working class homes...perhaps in separate States to diversify risk?  Thoughts?  Thanks for any input or feedback you may have.  I'm looking to learn all I can in a short amount of time.  :)