The Mentoring Program has brought deeper meaning to the term "knowledge is power."
Having read many books on the subject of real estate investing, I always maintained a desire to have but a fear to act. The friendly one on one support that was so masterfully provided helped me to overcome my inhibitions and take hold of my future. I would recommend this program to anyone that longs to take that next step and enrich their lives.
-- Brad Axelrod;
Commercial Real Estate Mentoring
Commercial Real Estate Course
Simplify Your Life
If you already are a single family home investor, you probably know the headaches of being a landlord all too well. With apartments and commercial real estate you can make those midnight plumbing calls a thing of the past.
This course will step you through how to:
Create your own filter for knowing which properties suit your investing criteria and which ones don't. Even when you have selected a specific geographic area, you will probably be hit with hundreds, if not thousands, of possible "deals." How do you sort through all of those to find what will fit you best? You need to develop your own criteria based on your unique needs and situation, not what someone else thinks is good.
Find the good deals and reject the dogs. Using our spreadsheets you can literally analyze a property in minutes, knowing whether it is worth your time to do further investigation. Compare property analysis ratios side by side on one page and know instantly which property to go for. You will be amazed at how all of a sudden one or two properties clearly stand out from the confusing maze you had been looking at.
Determine what a property is really worth. You want to pay for what a property is worth NOW.
Make offers and negotiate price and terms.
Find the right financing for you and the property. There are many ways to finance a property and no one way works for all people or all properties.
Do your due diligence and inspections correctly and thoroughly to avoid missing a ticking time bomb that will financially devastate the property. Plus you can use this information to further lower the price or improve the terms after the contract is signed.
Learn how and when to walk away - and even improve your price and terms.
Manage your property for profitability, whether you manage it yourself or hire it out. Property management is where cash flow is made or lost. If mismanaged, your property will drain you dry.
Make an informed decision whether you invest locally or in a city far away.
Learn ways you can "force" appreciation, often with little additional investment. You can learn to see possibilities others have missed.
Position your property to sell at maximum profit.
Learn how to build relationships with sellers, brokers, bankers, capitalists, insurance agents, attorneys, and others that are necessary to make your efforts a success.
Talk as a seasoned and knowledgeable commercial property investor would. Our students have often had real estate agents - and bankers - say things to them like "Obviously you know what you are doing" and "I can tell you've been in this business for awhile." These off-handed comments to the students are before they've owned a single apartment or commercial property. Can you imagine the confidence it will give you hearing that from another real estate professional?
1-on-1 Personalized Coaching
While the manual and audio CDs are great, what really sets The Wealthy Daughter's Commercial Real Estate Guide apart is the 1-on-1 coaching with Sharlet Briggs, PhD.
You will not be on a phone call with dozens of other students. You, and your partner if you desire, will be the only student(s) on the phone calls.
Most mentors, even if they are 1-on-1, limit the number of calls you can make to them and the length of calls. Not at The Wealthy Daughter. You will have unlimited phone access to Dr. Briggs and David Eastman. That's right - this course includes UNLIMITED phone consultations for twelve months. A full year of coaching! Imagine how much faster you will learn the principles of commercial real estate, how much more thoroughly you will understand it, and how much more comfortable you will be knowing you have an expert at your beck and call.
The coaching program will be custom taylored to your needs and situation. If you prefer set weekly phone calls, it will be set up that way. If you prefer to call as you progress through each section, that is fine too. What works best for you? --That is what we will give you.
The Manual
The three ring binder with this course contains over 180 information-packed pages.
What sets this manual apart from the rest is its practical, real-life approach. We don't try to snowball you with all the easy ways to make a fast buck, particularly by treating commercial investing essentially the same as residential. There are techniques, timelines, and other aspects of residential real estate that flat won't work in commercial properties. We know. We've personally have heard and read mentors and authors who not only don't tell you what those differences are, they actually tell you to do things in commercial that positively won't work in commercial. We continue to be amazed at how often we encounter information and techniques taught in commercial programs that are a totally inappropriate carry over from residential.
Do you know...
What one requirement in commercial loans doesn't exist at all in residential and will kill your loan immediately even if you have your own cash down payment, the property is cash flowing, doesn't need improvements, and is priced well?
Why telling a seller you can close in 30 days on a commercial property is virtually always unrealistic? There are elements of a commercial transaction that flat run on a different time frame than residential. You need to thoroughly understand commercial transaction timeframe's to make offers that not only won't get you in trouble, but won't leave you looking like a fool to the seller.
Why Class C apartments get higher returns but what really happens in real life (and if you don't know what Class C is, then you really need our course!)? There is a reason Class C have "higher returns." Do you know why this is and how to take advantage of it while avoiding the pitfalls of higher risk?
When using the typical residential tactic of buying a fixer with a lease-option can leave you holding the financial bag? Financing and re-financing options in residential may not apply in commercial and if you follow the advice of some supposed commercial mentors out there, you will be left holding the financial bag on your property.
When seasoning and personal net worth requirements apply in commercial that are completely ignored in residential? You can have all your ducks in a row, all the cash you need sitting waiting, and all the numbers look good, even by the bank's own admission, and yet they won't give you a loan because of non-financial requirements that don't exist in residential properties. Don't be misled by "experts" who tell you that you can buy properties for millions of dollars by just raising the capital, but don't mention seasoning and net worth requirements.
When you can raise the rents of a property and when you shouldn't, even if the rent is well below market average? One of the big fallacies being taught is that you can find an apartment with rents well below average and then raise the rents, increasing cashflow and forcing thousands of dollars in appreciation. If it was that simple, don't you think the previous owner would have done it? There are times you can raise rents and times you will hurt yourself by raising rent. Know when you can and when you shouldn't.
How to evaluate whether you should kick a tenant out who isn't paying full rent? Across the board you will read books telling you to take the hard nosed approach of kicking tenants out who don't pay all their rent and pay it on time. Do you know when that policy will financially hurt your property severely?
When to realistically expect a property management company to make your property profitable? It is easy to say "Live where you like and invest where it makes sense" but that is a very misleading statement. There are a LOT of qualifiers that aren't mentioned. If you don't know them, you put your financial standing at great risk. Know what size of apartments to avoid if you want to invest other than where you live.
how to extract the truth out of the hype you hear about how much money someone or someone's students made on a deal? We can tell you the wording to look for to know what is truth and what is overblown hype.
Sharlet personally talks you through the most important principles in five audio CDs. You can even listen in your car as you drive to that J-O-B. This is not merely a reading of course contents, it is a consolidation of the practical points you need to become successful.
Data CD
You also receive a data CD. This CD contains example contracts, tenant forms, and property evaluation programs (MOST handy!), which you can then take to your attorney to modify for your property's locality. These are in Microsoft Word and Microsoft Excel format and you may modify them however you like, without restriction.
Bonus!!
Hard Money Loans Audio CD
Learn how and when to use "Hard Money" (such loans from private investors for properties a bank would refuse to lend on) and the pitfalls to avoid. Covers both the Borrower and Lender sides:
Borrower:
What is a hard money loan
When should you use hard money
When does hard money not make sense
What you should know before you borrow hard money
What are the typical processes for borrowing
What documents are typically required by the lender
Lender:
Is hard money right for you
What processes should be put in place
What Loan to Value a typical lender uses
Required reports for success
What to do in a default
Typical interest rates
Accelerate Your Learning Curve
You have a choice. You can spend a year or two digging all of this information out on your own, or you can choose to vastly shorten your learning curve by reading the course material, listening to the audio CDs, and talking directly to Sharlet as you make your way through the material and forge forward to your own financial goals.
The Wealthy Daughter's Guide to Commercial Real Estate contains:
Over 180 page binder, including two new bonus chapters: 1031 Exchange & Entity Creation
Five audio discs where Sharlet explains the most important principles of commercial real estate investing
One data disc of sample forms and property analysis spreadsheets
Unlimited phone 1 on 1 coaching for six months
Bonus: The Wealthy Daughter's Guide to Hard Money Loans audio CD
$10,000 US
Call 1-800-379-5017 now
for more information and pricing customized to your mentoring needs