All Forum Posts by: Chris Tracy

@Israel R.- My group may be able to help you.  We have some 1031X deals that we are working on as we speak.

If you're looking for a paid mentor there's no shortage of them on here.  The ones I am aware of (& I'm sure you'll find more if you Google)...

Dave Lindahl

Joe Fairless 

Jake and Gino

Michael Blank

Lance Edwards 

Rod Khleif

Sue Nelson

Brad Sumrock

I just came from Brad Sumrock's event and there were a lot of successful students there telling their story about how they are currently doing deals, etc.

His 1-on-1 program is a little pricey but appears to be well worth it because he has a whole network that a newbie can plug into.

If you have the money... it's kind of a no-brainer.

Shop around anyway though and I wouldn't try to skimp and go the free route.

Buying an apartment building is not like buying a condo.

Did you listen to that podcast episode?  There are specific recommendations mentioned.

@Paul LaSpina - It's definitely doable.  If you're at ground zero and you want to get into some bigger deals, you simply must bring some sort of value to the table.

Listen to how @Joe Fairless explains it here:

Standing On The Shoulders Of Giants

@Sam Grooms- I hear ya.  

I guess I was comparing Brad's event to other guru events I've seen in the past, where they used to have a bunch of affiliates pitching a home study course from the stage and they would be like, "Ok run to the back of the room and buy my stuff... "... lol

Did Brad offer his coaching programs at the end of the event?

Sure.

All I know is for $297, I met a lot of accredited investors that are going to help my team buy more deals.

Even if you fell asleep while Brad was speaking, that event provided WAY MORE value than the cost to attend.

One that:

• Overdelivers and provides massive value (content & resources)
• Is not a big pitch fest with various speakers trying to sell you stuff
• Is high-energy & fun

Then you need to check out Brad Sumrok’s events.

I just came back from his 2 day event in Dallas,TX and I’ve never been so refreshed and charged-up in my life and I am beyond ready to do some deals!

True story and full disclosure:

I don’t work for Brad. I’m not affiliated with him in any way, shape or form.

So why am I writing this and why did I go out of my way to make a video testimonial for him (without him asking me to do so)?

To provide value to this forum and show my appreciation.

The event was amazing… you should have seen it.

Numerous people were talking about how they were doing deals currently and how Brad’s program changed their life, etc.

People were talking about how they're in the process of quitting their job and Brad's event is actually called “Rat Race to Retirement”.

At first I thought it was all a scripted act… but so many people had a success story, I then asked myself how could they possibly make all this up?

There was over 400 people in the room, which I had the incredible opportunity to network with.

These people were high-caliber individuals that can help a person (especially a “newbie”) potentially get deals done.

Not to mention all the resources available in the room such as:

• SEC attorneys
• A title company
• An insurance agent
• Real estate brokers
• A mortgage broker

I’m sure I forgot to mention someone… lol

Basically Brad offers an ecosystem that anyone can plug into and leverage if they choose to.

It wasn't your typical real estate investing seminar at all.

There was great content, food, coffee, etc and Brad's team was highly professional and awesome as well.

We went out on a bus tour and actually went into the market to see apartment buildings and discuss actual case studies with the buyers and sellers of these deals.

How cool is that?

Sometimes these weekend boot camps can be draining, but Brad's team did a great job of making a very fun as well as an educational experience.

They also made great efforts to answer any questions.

Nice job Brad's team!

Oh, did I mention I met some of the Bigger Pockets Big Dogs down there like @Michael Le? lol

If you're serious about buying and investing in apartment buildings and you don't go to Brad Sumrok’s events and take advantage of what he has to offer you’re nuts (seriously).

I know I already did a testimonial for you Brad, but I just wanted to say thank you one more time for an outstanding experience and I'll see you at the next event…

Thanks again sir!

Chris

@Brad Sumrok... I'll see you tomorrow sir... Looking forward to your event!

@Dennis Johnson- I've paid for various guru courses and coaching programs and here's the benefits that I've experienced:

• Specialized knowledge from people that have achieved a status that I aspire to be at (as opposed to taking all types of info from random people on the internet).  When you're talking to your coach on a regular basis, you can drill down and get real specific for example on a deal that you're working on, etc.  When I am in the process of buying a multimillion dollar deal, I would rather not leave that up to chance that someone in a forum, on YouTube, or on a podcast is going to thoroughly answer my questions and help me solve my problems (no offense BP... lol).  That said...

• You get hand-holding and piece of mind.

• Some gurus will sponsor a deal for you (if it makes sense for them) and more than likely, offer to buy your deal from you.  No more worrying about what to do with a deal if you find one.  I believe that is why many people become "gurus" in the first place- so they can do more deals and have a second business model all along the way.

•  Accountability partner- sometimes you need someone to light a fire under your butt to take action, so you do what you need to do.

I'm probably forgetting some things and not doing the gurus justice... lol... but I would say the personalized support and the hand-holding are the biggest benefits.

My team owns a 20 unit out of state, but it's student housing with a little more cash flow; so it's worth the while for the PM to take on the job.  That's what I've seen is that it's basically a crap shoot trying to get a company that actually cares about your deal, especially when it's a smaller property; which is why my team focuses on the bigger stuff (like 75+ units). 

@Ryan D.- I would get a buyer agent to help you combat the jedi mind tricks that are going to be thrown at you from the listing agent, since you are still learning.  Typically the listing agent splits his/her commission with the agent that represents you, so it won't cost you anything.  One risk however is sometimes the seller and other agent may choose to work with another party that is unrepresented, to save on the commission or they may negotiate you paying your agent the commission- but it may be worth it.  Agents are legally bound by their license to be fair and honest, however- keep in mind that the listing agent doesn't work for you, he/she works for the seller.  So that said, the listing agent will use all of his/her powers to get you to buy the deal (even if it's not a good deal).  Agents will try to sell you the Statue of Liberty.  For example- a common scenario is that buyers for apartment deals are often presented with proforma numbers (which we don't want right?) and shown how awesome this potential investment will be, along with various other curve balls, pitfalls and traps for you as the unwary buyer can fall into.  I don't mean to scare you, as you may have a good deal.  Just my 3 cents.  I would enlist the help of an experienced agent.  Why risk it?  If you are just learning how to be a boxer, would you step into the ring alone with Mike Tyson?