Are you feeling exhausted after long workdays and considering a change, but held back by the lack of a safety net? With the job market more competitive due to the pandemic, you might find yourself stuck in a job you don’t like just to make ends meet.
As you explore opportunities for self-improvement and the potential for a side business, you’ve stumbled upon Commercial Property Advisors. Navigating the real estate industry can be overwhelming, given the wealth of information to absorb before making your first sale.
Commercial Property Advisors claims to provide the expertise you need. So, what exactly are you hoping to gain from this Protege program?
It’s worth noting that I have no affiliation with Commercial Property Advisors, so you can trust this review to be honest and impartial. By the end of this review, I’ll also introduce you to an alternative that has enabled me to achieve a full-time passive income online.
Table of Contents
- What is Commercial Property Advisors?
- Who is Peter Harris?
- What’s Inside Commercial Property Advisors Protege Program?
- Does Commercial Property Advisors Work?
- Is Real Estate For Everyone?
- How Much Does Commercial Property Advisors Cost?
- Praise for Commercial Property Advisors
- Criticism of Commercial Property Advisors
- Is Commercial Property Advisors a Scam?
- Should You Join Commercial Property Advisors?
- 3 Problems With Commercial Real Estate Investing
- Is There A Better Way to Make Passive Income?
What is Commercial Property Advisors?
Commercial Property Advisors, founded by Peter Harris, is a mentorship program designed to help people navigate the world of real estate investing. According to their website, they claim to have put together a top-notch team of advisors who offer clear and up-to-date guidance on real estate investing – quite a confident statement.
This program is aimed at newcomers to the real estate scene, whether you own just one property or have big aspirations in the industry. They have a dedicated staff ready to answer any questions you may have about the program.
To get started, they recommend reading Peter Harris’s book, “Commercial Real Estate for Beginners,” which has apparently become a bestseller on Amazon.
The book covers the basics of real estate investing, the advantages of getting involved, potential challenges you might face, the types of properties recommended for beginners, and how to assess deals to make smart investment choices.
In addition to the book, the program offers free training sessions that you can access right away. To make an informed decision about joining the mentorship program, it’s a good idea to explore these free resources first.
Who is Peter Harris?
Peter Harris is a real estate pro with an impressive track record. He’s bought more than a thousand apartment complexes all across the United States, amassing a substantial $20 million in his investment portfolio.
As a mentor, he’s been helping people succeed in real estate for over 15 years. He’s also been a trusted consultant for some big-name companies and has created a bunch of educational materials.
Peter’s decision to become an educator was sparked by the life-changing impact of commercial real estate on his own career.
He made a bold move, leaving his engineering job after discovering that he could earn more as a software developer.
Now, he’s all about investing in his “Protege” program and mentoring participants to help them achieve their real estate dreams.
What’s Inside Commercial Property Advisors Protege Program?
The website doesn’t provide much information about the Protegé program. All I found was a form to fill out and wait for a call, which presumably discusses the program’s cost.
Unlike most courses that simply offer materials, this program seems to emphasize the personal attention students will receive from instructors, with Peter himself taking charge of the training. His credentials and work history suggest his competence in the field.
Before you decide to join the mentee program, I recommend taking advantage of the free training they offer. This will help you prepare for a productive working relationship with Peter by giving you some background knowledge before your first contact with him.
I was pleasantly surprised by the comprehensiveness of the free training, considering it’s entirely cost-free. It includes numerous features and modules, making it quite valuable. Missing out on a free consultation with Peter would be a shame, wouldn’t it?
The 10-hour course is delivered entirely via video, allowing you to watch and rewatch the content as needed, which I find to be an excellent learning approach.
Now, let’s briefly touch on some important modules among the many available:
The Right Mindset: While it might seem like filler, this module is essential. It helps students develop an entrepreneurial mindset and the analytical skills needed for success in commercial real estate investing.
Who Can Invest in Real Estate?: This session helps you determine if real estate investing is the right fit for you. It also provides insights into the financial aspects, which could influence your decision regarding the Protegé program.
Real Estate Investing During a Crisis: Market downturns happen, and this module equips you with strategies for handling crises in real estate investing. It’s important to be prepared for the risks associated with investing.
Retirement Savings: Planning for retirement is crucial, and this class encourages you to start thinking about your retirement plans early. Knowing that you can secure your financial future brings peace of mind.
Passive Income for Life: Many investors are drawn to the idea of passive income. This module helps you identify good investment opportunities, potentially transforming your financial prospects for the better.
Does Commercial Property Advisors Work?
I’ve compared this program to many others that offer similar promises, and I’ll admit, I’ve been skeptical of all of them. Especially with some of the pricier courses out there, it feels like there should be a guarantee of success.
If you’re genuinely serious about diving into real estate investing, there’s certainly valuable knowledge to gain here. Just taking a peek at the sample lesson gives you a glimpse of the substantial amount of material you’ll be learning.
Before committing to the course, it’s crucial to ask yourself if aiming for that goal is the right move for you.
In my opinion, this course isn’t a scam because it does deliver on its promised benefits. However, it’s essential to understand that enrolling in this program doesn’t come with a guarantee that your real estate career will automatically flourish.
Even if the methods taught have shown promise in the past, there’s no assurance they’ll work equally well for everyone. Remember, every investment carries a degree of risk, so being prepared for that uncertainty is key.
Is Real Estate For Everyone?
Investing your savings in real estate isn’t a decision to take lightly. It’s a high-stakes venture that requires careful consideration. Jumping into a career in real estate should be a well-thought-out choice.
While reality TV shows might make buying and selling real estate look easy, the reality of success in this industry is far more complex than it appears on the screen.
Simply understanding the market and the basics of homeownership won’t cut it if you want to thrive in real estate investing. The journey ahead is both lengthy and challenging.
Having a substantial amount of cash at your disposal is crucial for any real estate project. Without the necessary funds to start, you might want to explore other opportunities. Real estate comes with a hefty price tag.
To make it in this field, you need more than just a keen eye for investment properties and strong negotiation skills. Success in real estate requires a lot more.
How Much Does Commercial Property Advisors Cost?
The website and social media pages don’t provide information about the program’s cost, leaving many wondering about the price. Some speculate that it falls in the range of $5,000 to $15,000.
To find out the exact cost, you’ll need to wait for a call from them. They’ll provide you with all the details, including the price.
One more thing to note: If you join the program and start making money, Peter Harris receives a portion of your earnings.
Praise for Commercial Property Advisors
1. Loads of Free Learning Materials
One great thing about the Commercial Property Advisors Protege Program is that it offers a wealth of free learning resources. Even if you’re not sure about joining the full program, you can access plenty of introductory materials for free. This means you can get a good feel for what the program offers without any cost, helping you decide if it’s the right fit for you.
2. Free Access to Peter’s Book
Another awesome benefit is that Peter provides his book for free, and it gives you more context and knowledge. This shows Peter’s dedication to your success. It’s a valuable resource that can boost your understanding of real estate investing at no extra cost.
Criticism of Commercial Property Advisors
1. Lack of Training Program Transparency
One downside of the Commercial Property Advisors Protege Program is that it lacks transparency regarding the details of the training program. This can be frustrating for potential participants who want to know what they’re getting into. The fact that the training course isn’t available online for verification raises concerns about how effective the methods being taught really are.
2. High Financial Barrier
In my experience, success in real estate often starts with a substantial amount of money. If you don’t have hundreds of thousands or even millions saved up, making a profit can be challenging. The need for a large amount of money is a significant hurdle for many aspiring real estate investors.
3. Risk Similarities to Gambling
Real estate investing carries inherent risks, somewhat akin to gambling. It’s essential to remember that you should only invest money you can afford to lose. This highlights the uncertainty and potential financial loss associated with real estate investment.
Is Commercial Property Advisors a Scam?
I can’t label Commercial Property Advisors as a scam. It’s entirely possible to make money using this mentoring program, but it’s crucial to recognize that it’s not as easy as it might seem.
Success isn’t guaranteed, and like most businesses, it demands a substantial amount of work, especially in the initial stages.
Moreover, profit margins in this field are often quite narrow.
Real estate investment is no walk in the park; it’s a challenging endeavor that requires your full attention, resources, and expertise. You can’t simply buy a property and start making major changes.
Your primary goal should be a successful sale. In simpler terms, what you’re doing must be appealing to others.
Many aspire to work in real estate but lack the necessary skills. Collaborating with others in the industry is essential because it’s impossible to do everything on your own.
To thrive in this competitive field, commitment is key. Starting from scratch can be costly, so be prepared to invest both time and money in learning the ropes.
If affordability is a concern, consider getting a second job to support your real estate ambitions.
Should You Join Commercial Property Advisors?
Commercial Property Advisors has successfully enlisted the expertise of Peter Harris, a notable figure in the field. With Peter’s impressive background, including co-authoring with Donald Trump and his accomplishments as a commercial real estate investor, he adds substantial value to the company.
If you decide to join, Peter Harris is poised to offer you an outstanding education.
Here are a couple of key questions to ponder:
- Do you currently have $5,000 to $15,000 available for training investment?
- Are you genuinely passionate about real estate?
If your answer to both of these questions is “yes,” then you should certainly consider moving forward.
The real estate market is fiercely competitive, and even one significant transaction can be quite nerve-wracking. However, as demonstrated by Peter Harris, it only takes one major opportunity to completely alter the course of your life.
3 Problems With Commercial Real Estate Investing
Before joining Peter Harris’s program, there are some risks associated with commercial real estate that you must know:
1. High Initial Costs
Commercial properties usually come with a hefty price tag, which can be a significant hurdle for potential investors. Obtaining financing can also be more complex than with residential properties, making it tough for newcomers to get started.
2. Vulnerability to Economic Changes
Commercial real estate is sensitive to economic shifts. During economic downturns, there may be less demand for office, retail, or industrial spaces, leading to higher vacancy rates and property value declines. This market volatility can make investment outcomes uncertain.
3. Complex Management and Maintenance
Managing commercial properties is often more complicated than managing residential ones. Commercial tenants often have unique needs, and lease agreements can be intricate. Maintenance and repair costs are typically higher for commercial properties, and owners are responsible for these expenses.
Is There A Better Way to Make Passive Income?
If you want to make a stable and secure stream of passive income, I would suggest you start an affiliate marketing business online instead.
Affiliate marketing is perfect for anyone who is new to online business.
In fact, of all the online business models I’ve tried, affiliate marketing is the easiest and most rewarding so far.
In affiliate marketing, you can actually run your business almost with zero cost and achieve a steady and sustainable passive income to pay for your bills. You don’t need any initial capital and can even do it as a side hustle.
And if you really want to learn affiliate marketing and build a business from scratch, I’d recommend you to get started with the most reputable platform for affiliate marketing: Wealthy Affiliate.
Wealthy Affiliate is an all-in-one platform for building your affiliate marketing business from scratch. It offers you a free account (including a free website) with comprehensive training on SEO (free traffic methods), which enables you to get started with affiliate marketing right away without paying a penny.
But How Much Can You Earn with Wealthy Affiliate?
A 21-year old student from Wealthy Affiliate was able to earn $7,395 in just 1 week, which means he made more than $1k a day…all while using free traffic methods.
For more information, you can check out our full review of Wealthy Affiliate.