Austin David Mastermind Group Review

Guy Nov 19, 2011 @ 1:17 pm
Hello my name is Guy I wanted to ask you some questions. I would appreciate

it...I am considering the mastermind group Thanks

Sonni Sep 1, 2011 @ 4:57 pm
This is my 3rd month now as a mastermind member and it has been helpful for me.

Before I found Austins group I was in another mentoring apartment program that a well

know guru has, but when my renewal came up for another $10 grand for the year I

couldn't afford it. I did learn a lot in the program I was in, but the deals I found

that met their criteria that I then submitted were not ever accepted and that was

very frustrating. I do like in Austins group I can pay month by month and even after

12 months at the $199 a month, it is still a fourth of what I was paying in another

group so I like that a lot. I also like that Austin has done up directions for us

mastermind members on how to get property owners to call me and want me to make them

a offer. I followed the steps and also have set up my own company now and the

automation tips which has been really helpful for me. I have 10-15 property owners

that call my office (a answering service I have process data for me from property

owners 24/7) and email them the forms to fill out. They return them and I can then

enter them on the software form to calculate the numbers for me on the property and

Austins team reviews each deal for me to help me come up with an offer for the

property. I am still fine tuning the automation to get property owners who have more

equity to call, as right now about half of the leads I get have under 20% equity. I

don't want to pay much out of pocket for closing costs and am not going to over pay

for a property like it seems many people did in the past 5 years and end up in a bad

spot myself in a few years. I have a few I am working on now that are free and clear

with no loans on them from owners who are looking to retire. I also like that I am

the only one they are talking to and that I do not have to deal with rude brokers who

have listed property. Austin teaches us to target property owners who are not yet

looking to sell and that they often are easier to work with since they dont have to

pay any broker a fee since they sell direct when we work with them direct. I have got

2 deals that I am now getting paid on each month, I did not buy them but turned them

over to Austin to get paid as a scout as I wanted to watch the process first and be

comfortable with how it all works. I know some people on here seem to go really fast,

but I am not wanting to get in over my head and am very nervous about the deals being

so large, so I like that I can work as a scout for Austin to start. The staff is at

times slower to respond that I would like, but they are very friendly and helpful. I

also like that I have never once felt like because I am new or do not know what to do

that I have dumb questions and I feel comfortable asking questions. Well that is my

experience with the group.

GKchicago Aug 5, 2011 @ 11:04 pm
how do i join? i can not find how to join and when i ask to join i am told i can

not join that there is no open spots and that i have to be invited. i want to join,

but do not know how. please help. i really want to get in. i was a member last year

but quit and now have time and can do this but cant get back in. i do not know how to

get back in. please help.

Bill May 19, 2011 @ 4:41 pm
hi everyone i just joined austins group for mastermind members. does anyone know

if there is a way to get the $99 a month rate? i joined for $199 a month but was told

the sale rate is no longer offered. id sure love to get the lower rate. love the

group and really looking forward to doing deals!

Camel May 2, 2011 @ 12:10 pm
Hi all,

Your posts have really inspired me. How long before you closed on that first deal

after you joined? I observed on another post that if you get partnered with another

investor through the program that you will get charged. Can you pay once the deal is

closed or do you have to pay it up front? Did you have experience prior to joining?

Please post when you have a chance.

Thank you!

Rick Apr 14, 2011 @ 7:49 pm
Ive has been in the AMG group its good service and all. My only downside is that

im having that good luck with the mailouts. Im not to sure if i should change States

or cities.
Im in California by the way has anyone closed anyting here in CA?
Any suggestion.?
But over all great program.

tim Apr 9, 2011 @ 11:42 am
joined last month and found a deal and used the partner program. was matched up

with a partner after a 4 day wait. weve talked and are doing up the contract now. was

happy with the service.

Miss Yolanda Mar 21, 2011 @ 11:21 am
me and my husband have been mastermind members for 18 months now and have really

liked it. we have done 3 apartment deals with partners through the group, one for

$1,820,000, one for $1,630,000 and one for $1,950,000 and have both gone full time as

investors now. we got 40% ownership on the 1st, 55% ownership on the 2nd and 65%

ownership on the 3rd deal. we like meeting other investors through the partnerships

and it really helps having another partner who can fly to the property if we need

something taken care of and we can at times too so if one of us is busy the other can

usually go. we have the property managers who take care of each one and they do most

of it all but sometimes when there is a need for us to go we will fly. one of the

units had roof damage from a hail storm so we flew there to meet with the insurance

claim man and wanted to make sure that was done ok. we pay $99 a month for it and

while it is certainly slower service than when we first started it is still a service

that we value and has helped us a lot.

Camel May 2, 2011 @ 12:09 pm
Hi Miss Yolanda,

Your post has really inspired me. How long before you closed on that first deal

after you joined? I observed on another post that if you get partnered with another

investor through the program that you will get charged. Can you pay once the deal is

closed or do you have to pay it up front? Did you have experience prior to joining?

Please post when you have a chance.

Thank you!

Gary Feb 16, 2011 @ 4:11 pm
We bought his program and signed up for the mastermind group. Technically you

dont need it to start out, but it would be really hard to not be in it for the

partner program alone. I dont know how we would have got started if not for the

partner on our first deal. we got it for half off at $99 a month instead of the $199

a month.

jmmech Jan 11, 2011 @ 1:05 pm
Karl,

If you're interested in a partnership, I have several deals with great cash flow

but have had trouble finding funding. My deals range from 600k to 5 mil. Let me know

if you're interested!

Karl Dec 14, 2010 @ 2:32 pm
I am trying to repost this as it did not save the first time:

We didn't actually join his program initially to get deals funded or learn how to

get them funded as we have been buying apartments for over 10 years now. We initially

joined as we had interest in his partner program to be paired up with other investors

who it was said had deals with equity and setup in advance so we would not have to

put any down payment on the deal. We were very skeptical if there would really be any

investors we would be partnered with who had these kinds of deals setup in advance

and who were just needing $10k-$30k for the deal. Which if you have been doing

commercial deals is not even close to what is typically needed to get a deal done. We

were matched with a student investor after a month of applying and filling out the

application as we were told to do and it was for a $3m apartment sale price at a 11%

CAP rate. After we met with the partner in Nevada (we flew to meet him in Las Vegas

where he had found the property) we opened escrow as directed and started the

mortgage process as directed and after 72 days we went to the closing (a bit nervous

if this was going to actually work and the seller actually sign on the terms given)

and it all went as planned. Since then we have partnered with 3 other students who

had deals lined up and been the cash partner putting up $11k on the lowest amount and

the highest one at $28k out of pocket. We offered a 49% ownership share on the LLC

setup to hold the property each time and we will be holding a 51% share since we

signed on the mortgage. We have offered in the LLC the option for the student partner

an option to buy us out (which if they are able to refinance in the next few years to

buy us out also provides us with a great profit and low cost exit strategy as we will

have no broker costs to sell). While the system Austin has designed is rather slow

and at times very frustrating and confusing it does what we would not be able to

obtain through any other means. When we started in commercial we had substantial

assets and there would not have been a means to get into commercial without such

assets, but this program creates a unique opportunity for both the new investor with

little assets to get into commercial and also offers us as seasoned investors the

ability to acquire property with substantially less cash out of pocket. In theory you

could do this without his program and find investors to front the cash for your

deals, much like we do and save the fees associated with using the service, but the

contacts and simplicity of the process through the streamlined steps provided are in

our opinion well worth the rather insignificant costs associated for the service.

Also as a investor we do not have to spend a significant amount of time talking to

investors on deals that will not work or waste time training anyone on what we are