What Would You Pay to Not Lose $100,000?!

Spring has (sort of) sprung and that means the ‘do-it-yourself’ season is picking up (even with the high costs of lumber).

It also means we are in the typically busiest Real Estate buying/selling season (although the last year has messed up this cycle somewhat) which also means there will be some ‘do-it-yourself’ going on there too.

Most people will use a Realtor, Broker & Lawyer for their transaction…but some will look at the fees and try and do-it themselves. And I get it…there was a time when I tried to sell a property on my own because I couldn’t justify paying 5%+ for someone to do what I thought couldn’t be all that hard!

Now, I bring in the experts from day 1…even though I’ve done multiple transactions and paid 10’s of thousands in fees and commissions along the way…I completely see the value that these team members bring to me reaching my goals (and that’s the way I view them — as part of my team of experts!)

Of course this is only true if they actually ARE experts and do bring value and make the process smooth and easy. You have to find people that deliver what they promise and over-deliver on value. Not all Realtors (Brokers, Lawyers) are created equal…

But again — I have tried to ‘do-it myself’ and I know the time, effort, struggle, stress, hassle it caused me…not to mention the amount of $ I likely left on the table because I didn’t have the experience to get the best deal! I get it. I know what my trusted team of pros are ‘worth’. I happily pay at this point.

Which leads me to the world of Coaching and the title of this Post — What would you pay to not lose $100,000?! A question I often ask prospective clients when they are discussing signing up to work with me and I tell them what it costs (I am not a $99 Coach. I’m not even a $199 one…you get what you pay for)

I used to say $50,000…but honestly nowadays it’s tough to find good investment ops in the Private world (especially in Real Estate) for less than a $100k investment…and all of you out there that will ‘do-it-yourself’ this year are risking that $100k on the hopes you won’t make the rookie investor errors I and most of my investor friends made when we were just starting out (and it was more like $30, 40 or 50k)…

Pre-con Condos are a great example because they are once again becoming VERY hot in the media and right now, based on the projects I’m seeing in the larger urban centres that offer some really good opportunities…it’s tough to find anything for under $600k…so $100–120k is how much you’ll have to put up (for 1 investment).

Do you know how to tell a GREAT project from a good one from one that could lose $, and how not get suckered in by smooth marketing?

Do you understand all the different phases of a project and when investors like me buy in to maximize our potential returns (Platinum vs VIP vs VIP Platinum etc. etc.)…and what happens if you buy in at the wrong time with the herd? (Hint: Investors like me sell to the folks in the herd)

Do you have any idea how to Protect Your Capital with a Real Estate or Pre-con purchase in order to follow Warren Buffet’s Rule №1 for investing…Don’t Lose $?

What should you be looking for in terms of Options so you can have multiple exit strategies in place BEFORE you buy (and not get stuck trying to sell your property in a down-market like so many people did last March when Covid hit and the condo market nose-dived)?

How will you pick an area, a project, a Builder, a unit to maximize your ROI and mitigate for Risk? Do you have any idea the right questions to ask?

Do you have any clue how to read the contract in the 10-day cooling off period after the big sales day (Hint: Please get a Pre-con Real Estate lawyer to take you through it this is the exact wrong time to ‘do-it-yourself’)?

I think I’ve made my point…90% of the folks I talk to who are on their way to a sales presentation about Pre-cons cannot answer most of these questions…and it deeply concerns me because I know many of them are going to lose $ (or at least not do nearly as well as they believe they will)!

I got into Pre-con Condo investing 7 years ago in the GTA because I wanted to continue investing in leveraged Real Estate but didn’t want to be a long-term Landlord anymore (been there, done that, have the grey hair to prove it).

I had been investing in Real Estate for about 8 years already but knew very little about Pre-Con so I FOUND A MENTOR who also became my Realtor.

I learned, I studied, I followed what he shared with me (and others) and I didn’t listen to the Media or the other 3 groups of people that typically don’t help (Friends, Family & Fools). I purchased multiple units and so far, the ones that have Closed, have dramatically exceeded my estimates for Returns.

I DID NOT rush into a purchase with no knowledge or experience because of FOMO or reports of a red-hot market you HAVE to take advantage of NOW!!!

I learned and applied fundamental principles of investing, Real Estate & Pre-Con and never believed that I knew-it-all or could do better on my own without support and mentoring. I was open to learning from those that had already done what I wanted to do.

BECAUSE I HAVE LOST $100k…in the first few years when I was just staring out as an investor (15 years ago) and thought I could ‘do-it-myself’.

And now I run Coaching & Mentoring programs for people like you who want to learn what I did and my repeatable Process so you can re-create the kinds of results I have (without having to make the rookie mistakes I made 15 years ago when I just got started).

And if you were to ask me now: Brian how much would you spend to not lose $100k?

I’d say at least 10% and maybe more depending on the experience, results and track record mentoring others of the person I was looking to work with.

And what’s an even better question to ask is…how much would I spend to Double, Triple and even 10X my starting $ by being able to invest over and over utilizing what I learned from my Mentor (which I have done at this point)??

So I ask you…how much would you spend to have a proven successful Coach mentor you in how to turn your $100k into $1M purchasing Pre-cons?!?

I’ll be generous and only charge 10% of your $1M returns…how about that??

(Don’t worry my Programs are MUCH less than that — practically FREE in comparison) 😉

I’ll be starting up my next Double Your Money Buying Pre-con Condos program in the next few weeks. DM me if you want to know more.

But just like a plumber…if you tried to ‘do-it-yourself’ already and now need me to fix the mess you made…it’ll cost you double!