How do you find a good mastermind class or weeded out the bad ones? It seems like everyone in the world has a mastermind class and I’m sure they’re not all great. Grant Cardone is everywhere super flashy so his courses that are very expensive. It seems scammy to me. Are there a few recommend or a few that you don’t recommend?
@ Thank you for the way in reply. There are a few things that I need help on and I would love to find a mastermind group(s) that help.. Brief background- earning around 280-350k per year. I max my 403b every year and will continue for diversification . On top of the 403b I put 72k a year in auto investments in an after tax brokerage account (sometimes I add a little more) I listen to bigger pockets, Ken countless others (and you of course) and took a weekend grant cardone class which basically was just selling his week long course. I would love to replace my income and then earn more in real estate, but I imagine replacing 350k a year would be quite a feat. Multi family intrigues me as being the most scale, I understand cap rates, and basic real estate but I’m getting stuck on location, I’m on a lot of broker lists and nothing makes sense. Beaten down c class properties being prices as b: I don’t know if I sound just start in single family. I need help with the underwriting realistic numbers, the due diligence period, and if syndication or partnering makes sense. structuring partnerships is a big one. Grant says to go as big as possible, if I go in alone I could probably buy something in the 1-2m range right now. If I bring in a partner and split it we could do double but is that better? On the other hand grant , Ken mc elroy etc advertises 100m properties that you can buy into. But with the waterfall it looks like with the fees I wouldn’t get nearly the same as if I did it with myself a lp or gp (is this true and do I get the power of leverage). Also if I went with a syndicate group, will I get the power of the leverage on the cash flow, debt pay down, and appreciation as well or just on the amount I put in? Real estate is about leverage, for example I can put 300k into a REIT but I only get 300k worth of results not 1m worth of results. I have more questions but I guess I’m Just stuck on where to place money and keep placing it to really start growing and taking advantage of leverage
How do you find a good mastermind class or weeded out the bad ones? It seems like everyone in the world has a mastermind class and I’m sure they’re not all great. Grant Cardone is everywhere super flashy so his courses that are very expensive. It seems scammy to me. Are there a few recommend or a few that you don’t recommend?
@@TomTom_1108 that is a great question! The first question would be what do you want out of a mastermind? What is the end goal?
@
Thank you for the way in reply.
There are a few things that I need help on and I would love to find a mastermind group(s) that help..
Brief background- earning around 280-350k per year. I max my 403b every year and will continue for diversification . On top of the 403b I put 72k a year in auto investments in an after tax brokerage account (sometimes I add a little more)
I listen to bigger pockets, Ken countless others (and you of course) and took a weekend grant cardone class which basically was just selling his week long course.
I would love to replace my income and then earn more in real estate, but I imagine replacing 350k a year would be quite a feat.
Multi family intrigues me as being the most scale, I understand cap rates, and basic real estate but I’m getting stuck on location, I’m on a lot of broker lists and nothing makes sense. Beaten down c class properties being prices as b: I don’t know if I sound just start in single family.
I need help with the underwriting realistic numbers, the due diligence period, and if syndication or partnering makes sense.
structuring partnerships is a big one. Grant says to go as big as possible, if I go in alone I could probably buy something in the 1-2m range right now. If I bring in a partner and split it we could do double but is that better?
On the other hand grant , Ken mc elroy etc advertises 100m properties that you can buy into. But with the waterfall it looks like with the fees I wouldn’t get nearly the same as if I did it with myself a lp or gp (is this true and do I get the power of leverage).
Also if I went with a syndicate group, will I get the power of the leverage on the cash flow, debt pay down, and appreciation as well or just on the amount I put in? Real estate is about leverage, for example I can put 300k into a REIT but I only get 300k worth of results not 1m worth of results.
I have more questions but I guess I’m
Just stuck on where to place money and keep placing it to really start growing and taking advantage of leverage