Property Scouting: Frequently Asked QuestionsWhat is Property Scouting?How does Property Scouting work? This opportunity sounds to good to be true. Is it? Why doesn’t the investor group hire full-time employees and find these properties themselves? Is there really any money in this? Will I be able to make money right away? What are the different ways to be compensated? How much money can I realistically expect to make given my full commitment to work the system? Can you tell me what the average Property Scout earns in income? Can you guarantee I’ll make money? How long has the association been established? Are there any other additional costs? Why are you charging so little compared to other business opportunities out there? If I wanted to get started today, how much money would I need to pay right now? Is the manual and training system easy to follow? How long will it take for me to get up and running? Will I learn everything I need to know in the training? What criteria does the investor group look for in a property they want to buy? Are the properties the investors want hard to find? How many properties on average will I have to submit before one is purchased? How do I know what the investor group will buy? Am I restricted to finding properties in the state in which I live in? Would you consider properties outside of the USA? If I live outside of the USA, can I still do this? Is there a number I can call about the Property Scout Program?
The Opportunity A Professional Property Scout is a person who helps our investor group find and prescreen properties for possible acquisition by the investor group. When a Property Scout finds a property which the investor group buys, they become a partner on the deal and get paid a generous share of the profits. How does Property Scouting work? It is pretty simple and straightforward. Our investor group has specific profiles for the kind of properties they are looking to acquire. They need your help to find these properties. Once you have been trained as a Property Scout, which takes about 30 days maybe less, you can either find these properties on the Internet or you can find these properties in your local area. Then once you locate a potential property you think has merit, your next step is to gather some additional information about the property and the surrounding area from the broker, agent or owner and then submit it to us via our private submission website for evaluation. Assuming we like the property, the investors will move forward with their due diligence to acquire the property. It is totally up to you, but to do well, you can plan on spending between five and twenty hours a week to be an effective, productive and successful Property Scout. Can this work be done from home? Assuming you have access to a computer, the Internet and phone, the answer is “yes”. In addition, you may also be glad to know there is no travel required whatsoever. This opportunity sounds to good to be true. Is it? This is a serious business opportunity offered by an established association which has a real need. There is work, training and time involved. The money which can be earned while extraordinary is extremely achievable. How can I contact National Association of Commercial Real Estate Property Scouts? You can write our Corporate Offices at: National Association of Commercial Real Estate Property Scouts,
Inc. Or the best form of communication for us is by sending an email. Our email is: support1 (at) nacreps.org By the way, our phone number isn’t listed publicly on the Internet. Everyday, we have get an extraordinary numbe of phone calls about people wanting to become property scouts. However, if you really want to talk with someone by phone about becoming a Property Scout, you may do so by clicking on the red “Chat with Us” button on the main webpage and asking to talk with one of our management. We Why doesn’t the investor group or association hire full-time employees and find these properties themselves? The reason the investor group doesn’t hire full-time employees to find properties is understandable once you are aware of the facts. The investor group has discovered through trial and error that they get better results by paying people based upon their performance. They have found that working with ambitious, independent entrepreneurs like yourself, the number of properties submitted increases, the quality of deals submitted increases, and the size (in dollars) of the deals submitted increases. So even though they may compensate people more, it is well worth the money in terms of the results generated by “go getters” who are not employees. The Compensation Is there really any money in this? Absolutely, without question. In fact, even working part time, less than 20 hours a week, you can be paid the equivalent of a CEO’s salary. Our Property Scouts are generously compensated because the commercial real estate industry is ripe with profit-rich investment opportunities just waiting to be uncovered. And the investor group has the funding to capitalize on the opportunities you submit. You just have to understand what our investor group is looking for in a property they want to acquire. Will I be able to make money right away? It is rare that people make money immediately. Like any legitimate business opportunity, it does take time to get started. It requires training and some time and effort to find these properties. In what other business or opportunity can you realistically expect earn a six maybe seven figure income working part-time from home your first or second year? None that we know of. Regardless of which compensation option you choose (you have your pick of three different ways to be paid), when you find a property the investors want to acquire, you’ll be paid within 10 business days of any relevant transaction taking place, whether that’s the submission of the Letter of Intent to the owners, the purchase of the property by the investor group or the sale of the property by the investor group.. What are the different ways to be compensated? Based upon your decision when you submit the property, you have three different compensation options available to you: 1) You can choose to be paid 3% of profits when the property you submit is sold by the investor group. 2) You can choose to be paid quicker by getting paid a lump sum payment of $15,000 when the investor group purchases the property and then another lump sum payment of $15,000 when the investor group sells the property for a total of $30,000. 3) You can choose to be paid $300 when the investors submit a Letter of Intent (an informal offer to purchase) to the owners. If the Letter of Intent is accepted by the owners, in addition you’ll also be paid a lump sum payment of $5,000 when the property is purchased by the investor group and then another lump sum payment $5,000 when the investor group sells the property for a total of $10,300. By far the most lucrative and popular option among Property Scouts is 3% of the profits when the property is sold by the investor group. Why make $10,000 or $30,000, when you can make multiples of that for the same work? You’ll always be paid by check, regardless of the compensation option you choose. How can I be certain I’ll be paid when I find a property the investors have acquired? Is there a contract? Yes, there is a legal, binding contract between us which you’ll be given when you sign-up for the training. It is your absolute assurance and our commitment that you’ll be paid in full (depending the compensation option you choose when you submit the property for us to evaluate) for each property you submit to us which we follow-through on. Our reputation is pristine and untarnished. And we want to do everything to protect it. We want to be known in the industry as good partners, people who stand by our word and people who follow through on their commitments. Also, you’ll be notified of every significant step the investor group takes on your property via the private submission website which you’ll get access to as part of the program. In other words, you’ll be aware of everything that is happening with your property as it happens. What keeps you from going back to my contacts for more deals, and removing me from the future picture? As a professional Property Scout, you’d be one with the relationship with your contacts, not our investor group. Assuming you stay in the picture and continue to “farm” your base of contacts, leads and referral sources, you’ll have your finger on the pulse of everything that is happening. Our goal and desire is to have you maintain those relationships you generate for future projects, not us. Our investor group prefers to focus on doing what they do best: Negotiating deals and structuring the financing. How much money can I realistically expect to make given my full commitment to work the system? This is the main reason this opportunity is exciting for most financially ambitious people. Because the sky is truly the limit. But for the sake of being ultra-conservative, let’s say you find only one property all year long and that one property produces an average profit of $6,000,000 (based upon our own track record). You would be paid $180,000 for finding that one property. Now, you could find more properties that are worth much more in profit, but you should be aware $3,000,000 is the absolute minimum profit we make on a property. So with committed effort on your part, becoming a millionaire within the next one to three years is definitely a realistic goal. Can you tell me what the average Property Scout earns in income? While we are unable to share income information due to governmental laws and regulations, we can confidently and unhedgingly state professional Property Scouting when compared to other professions, is at the very top of the list in terms of income. As a professional, one can easily make mid six-figures working part-time less than 20 hours a week at home using only the Internet, computer and a phone. To do that, you really only have to submit one property the entire year which is purchased by the investor group. Can you guarantee I’ll make money? As success-certain as the training is, unfortunately, we can not. Because with any business or money-making endeavor or training you undertake, your success depends primarily upon you and the commitment you make. However, we do guarantee you’ll be 100% satisfied with the training program. The Investors The investor group associated with NACREPS are private individuals with the investment capital, financial reserves and institutional backing to fund any and all promising properties that meets their specific criteria. You can view a few of them at: http://www.nacreps.org/advisoryboard.htm You will be working for yourself as an independent contractor. You are not an employee. You will have no boss, manager or supervisor, although we are always here to train, help, support and guide you in whatever way we can, even on a personal basis. When you find a property which the investor group purchases, you’ll be considered a full partner on the deal, even though the investor group is taking 100% the financial risk, putting up all the capital and doing the remainder of the work. How long has your association been established? The National Association of Commercial Real Estate Property Scouts has been in business since September, 2006. Our goal is to build out a network of trained professional Property Scouts. Now that we’ve systematized the scouting process and created a proven training program, we are rolling it want to roll it out nationally. The Costs The only start-up cost is $97.00 total. That’s for the Property Scout System Training Manual as well as your first two weeks in the Property Scout System Training program. Are there any other additional costs? Assuming you already have a computer, Internet and a phone, the only other cost is just $39.00 billed on a month to month basis for your membership dues and continuing education. This covers your National Commercial Real Estate Property Scout Association membership dues, access to the membership and training website, access to the property submission website and other additional training resources. Membership dues are billed after your first two weeks in the program, so you’ll get complete access to everything for the first two weeks. Why are you charging so little compared to the other business opportunities and franchises out there? Using the power of the Internet, we can afford to keep our training costs ultra-reasonable given the value and opportunity offered. Plus, we’d rather see you successful, so that you are submitting quality, viable properties to the investor group to evaluate. In other words, it’s in commercial real estate where millions are being made, not in the training people for hundred bucks or so. What are my payment options for the program? For the Property Scout System Training Manual, you can pay using any of the popular credit cards. The one-time transaction is handled through ClickBank.com, a very secure and trusted payment processor. For the monthly subscription, you can also pay using any of the popular credit cards. That transaction is handled through Authorize.net. If I wanted to get started today, how much money would I need to pay right now? $97.00 gets you started with everything today. Once your $97 transaction is processed, you’ll be requested to sign-up for the $39.00 monthly subscription, but that transaction will not be charged until you’ve been in the program a full two weeks so that you can start to get comfortable and begin to check out the resources available to you. The Training Is the manual and training system easy to follow? Yes, they are. We have designed the entire training program for people to be successful, even though they may not know anything about commercial real estate or investing. It’s very concise and actionable. How long will it take for me to get up and running? If you’re like most people new to the business, it will probably take you around 30 days for you to feel totally comfortable with the system we’ve put together for you. Some people do want to go faster, but you can comfortably expect within the next 30 days to be up and running, well versed and actively searching for properties our investor group wants to acquire. Will I learn everything I need to know in the training? Yes, you will everything you need to know and then some. We hold nothing back. We do not piecemeal the training either. You have access to all the training immediately from day one. Why? Because it’s in everyone’s best interest to see you up and running as quickly as possible. The Profile of the Properties Investors Are Looking For What criteria does the investor group look for in a property they want to buy? That subject is explained in detail in the training. However, there are six different types of commercial real estate properties the investors want to look at. Each with it’s own unique profile. Each property profile has about ten different attributes or characteristics in it. It’s all very methodical, paint-by-numbers and success-certain, once you understand the system. Are the properties the investors want hard to find? No, not at all. You can find them using the Internet or within your local area. We will train you how to do it. It does take some work and does requires a few hours a week of your time, but once people are trained in knowing what to look for in property, most property scouts submit several viable properties every week for us to consider. How many properties on average will I have to submit before one is purchased? There are a lot of variables to that question. But the biggest one by far is how committed you are to really understanding the property criteria which the investor group wants in a property. If you take the training to heart, learn the system and follow-through your “batting average” will be very strong. However, if you are submitting properties as if you are throwing like spaghetti against a wall, hoping they stick, your numbers will be pathetic. It will pay huge dividends to you to commit to being ongoing training and following through on what you learn. How do I know what the investor group will buy? That’s exactly what the Property Scout System Training Manual trains you in. We want you to fully understand the investor group’s criteria, so that you can submit viable properties which the investors will want to follow through on quickly. Am I restricted to finding properties in the state in which I live in? No. you are not. Using the Internet, you can find properties anywhere
in the United States. Would you consider properties outside of the USA? At this time, we are restricting our focus to properties inside the United States. However, at some point in the future, we do expect to expand globally. However, even if you’re located outside the United States, there’s nothing stopping you from finding properties in the United States.
Yes, you can. We have Property Scouts from as far away as New Zealand scouting for promising properties inside the United States using the power of Internet. Using tools like Skype.com or inexpensive phone cards, the ability to follow up on specific real estate opportunities is extremely affordable.
It’s association policy not to reveal information regarding our property scouts. However, even if we did tell you, it wouldn’t make a difference at all. There are three reasons: Reason #1: The commercial real estate market is HUGE. Whether you are scouting locally or nationally, opportunities abound. Plus, the market is ever changing and new opportunities come onto the market everyday. Reason #2: It’s also important to understand a Property Scout can only focus on so many properties in their active portfolio and still do a good job. Reason #3: Part of the search strategy if you are focusing locally, is to keep your “ear to the ground”. To constantly be in touch with the market and future opportunities coming onto the horizon. For instance, many of our Property Scouts regularly attend their city council meetings and zoning meetings. It’s a great place to network as well learn about new developments which could impact the local commercial real estate landscape.
Yes, the number you can call is 949.225.7448. Our normal business hours are 9 am to 5 pm Monday through Friday. However, for best results, please email us at:
Real estate agents and brokers occasionally do locate property for their investors. But one does not need to be a licensed real estate broker or an agent to locate a piece of property for an investor. It happens every day. And when you as a Property Scout are written into the deal as one of the partners on a property, there is nothing wrong, unethical or illegal about being compensated for your Property Scouting “sweat equity.” In fact, it would be wrong if we DIDN’T compensate you handsomely for your efforts. Also just to be clear, our investor group always uses licensed real estate professionals--on both sides of the transaction for every property they acquire. That’s a given. It just makes sense because these professionals have the knowledge real estate, financing as well as related legal aspects of the transaction. The investors are always looking for ways to mitigate risk, and using a licensed, qualified real estate professional is one of the best ways to do that.
Jim, my biggest concern is not whether or not you offer a Money-Back Guarantee. My biggest concern is that I get accepted as a Property Scout, and spend a significant amount of my time/energy over the next eight weeks following your training… only to have it not “produce” the way you claim. Sure, I can cancel and won’t have to pay a dime for the manual, but I will have wasted my time, and won’t be compensated for that! What happens then, Jim? Our eight-week money back guarantee was NEVER intended to prove that you can make money in that time. If that was the case, we’d probably qualify as some sleazy “get rich quick scheme.” Which we are definitely not. Our money back guarantee was designed to prove to people firsthand that our Property Scout training was comprehensive, our support was everything we say it is and our desire to work with you as a Property Scout for our investor group was sincere. We wanted to give people a risk free way to take advantage of the training and see if Property Scouting was right for them. We wanted to take away any risk. And assuming Property Scouting was right for them, they would continue the training and go on to have their properties submitted and ultimately acquired by the investor group. But the key thing to remember, is this is a legitimate profession you'd be entering. And you are receiving in-depth, comprehensive training. This is not some so-called business opportunity. |