Since I’ve started this twitter account, blog and email list, I’ve received tons of requests on a weekly basis to assist you guys with everything ranging from buying your first property to starting a career. Previously I’ve declined all phone call...
requests since they’re incredibly time-intensive, but have answered (nearly) all serious DMs. Even the DMs, however, are taking up a large portion of my time and I’ve spent a while thinking of a better way to handle it. I decided on a structure that answers most of the questions
you all have been asking me on a daily basis. Starting this Sunday (the 22nd), I’ll be offering a monthly course that includes a phone call with me that addresses the most common questions I've received as well as a tons of other real estate info (full breakout is below)
I genuinely believe this course is revolutionary, will change the way you look at investing forever and will transform your personal financial situation within a few years
I'm sure you all can attest to the high quality of the free information you see from me on a daily basis
The information divulged in this course will blow that away
If the course is something you’d be interested in, keep reading below. If not, that’s fine – my twitter account will still remain producing the same high quality information
This course is intended for those who are looking to attain true wealth through real estate. In it, you will learn how to do things such as consistently turn ~$15k into ~$200k and how to turn ~$50k into ~$1MM (with an appropriate amount of risk of course)
While you can take the information and only do 1 deal, that’s not the intent of this course. The intent is to equip you with the information and the tools necessary to start a real estate empire
There are no tricks, no gimmicks - just straight to the point information
Certain sections will be incredibly dense and you’ll likely have to read over several times to comprehend it
That’s normal and it's also why the course includes a call with me - to make sure you understand everything you learned
Course is structured to bridge the gap between average investors and private equity firms, with the intended result being you gaining enough knowledge to be on equal footing with a PE firm. The goal is to turn you into your own lucrative PE fund that you can use to retire early..
and become very wealthy
As mentioned above the course will also include a call with me, with a mostly uncapped time limit (within reason), as I genuinely want you all to succeed and want to make sure you understand the contents of the course.
What's included in the course?
Below is a breakout of all the items that you will receive with the course. In addition to those items, you will also receive
- A phone call with me
- All updates completely free (you request sections to add in and I add them in for free)
The way this works is that as you go through the course, you let me know any areas you'd like to see expanded on or any additional topics you'd like to see covered and I'll do my best to add them in, free of charge. You (and all other purchasers) will then receive an email with
an updated zip file with that update, as well as any other updates that other purchasers have requested on an ongoing basis. So it’s a one-time charge up front for continuing information on the backend
The course was released on an exclusive basis to my email list last month and the testimonials have already started pouring in. Course has received outstanding feedback (there literally hasn't been a single negative review) and has only 5 star reviews on Gumroad (reviews below)
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The course will be offered for one week per month, after which point the price will very likely increase for the next month (given all the additional information that will be added in). Registration for this month will begin today (Sunday the 22nd) and will end Sunday the 29th
Registration for the course is available here: gum.co/trdbw
If you're not sure if this course is the right fit for you, you can fill out the survey at the link below, which schedules a call with my team, who will help you figure out if it's the right fit:
Since we focus on value add, the entry cap doesn’t matter at all, as long as we can service our debt
We typically need to get to a 6.5%+ stabilized for a deal to pencil. How quickly we get there plays a role as well (quicker the better for IRR)
4. Unlevered vs levered returns:
This is basically just a gut check to make sure that our leverage isn’t out of control
5. Equity Multiple:
We only check this to make sure that they’ll be enough promote for the deal to be worth our time (no point in 20% IRR and 1.2x EM)
6. Cash-on-cash:
We essentially ignore this metric and expect cashflow to be very low during the hold period (unless we’re working with a specific LP who needs cashflow). Often even have to make (planned) capital calls and have earn-outs built into debt covenants to inject
Most important metrics (in order) 1. Basis (you can show us any IRR you want and we’ll toss the deal if the basis is bad) 2. Exit basis - heavily tied to #1 (we won’t invest in deals where the exit basis is significantly above current market basis)
3. Stabilized cap rate (yield) - since we focus on value add, the entry cap doesn’t matter at all, as long as we can service our debt. We typically need to get to a 6.5%+ stabilized for a deal to pencil. How quickly we get there plays a role as well (quicker the better for IRR)
4. Unlevered vs levered - this is basically just a gut check to make sure that our leverage isn’t out of control
5. Multiple - we only check this to make sure that they’ll be enough promote for the deal to be worth our time (no point in 20% IRR and 1.2x multiple)