For those who don’t know, I was once a student of Trace, and I was also part of the team that won his first apprentice challenge, although I decided to leave the RYP team last September 2010. I became one of the local coaches as part of the now defunct Terrific Trio University. I also helped promote his seminars in the past including TRQ 1.0, TRQ 2.0, TRQ Cebu, his quick cash seminars, and the last one was TRQ 3.0.
It has also come to my attention that some materials that Trace used in marketing some of his seminars might make it appear that I am one of his partners. I would like to make it clear that I am not a business partner of Trace Trajano.
Things did not turn out as planned, but lessons have been learned, and I feel it is time for me to move on. ~ end of update ~
If you attended the recently held Think Rich Quick seminar last March 27, 2010, you already know that Trace Trajano has come up with an Apprentice Challenge. My teammates and I are currently competing in that challenge.
Can’t see the video above? Use this link instead: http://www.youtube.com/watch?v=FjlrpYFRoEY&feature=player_embedded
Why we joined the Apprentice Challenge
One of the reasons why we joined the challenge was because we also believe in Trace’s vision of having one million Pinoy millionaires by the year 2020, a vision that he shares with Larry Gamboa, best-selling author of “Think Rich Pinoy“. Don’t you want to be one of those millionaires?
One million Pinoy millionaires by 2020? You might think we guys are crazy!
But wait, I did the numbers and I found out that if I helped at least 4 people become millionaires through real estate investing in 2010, and each of these four also helped at least 4 other people after they become millionaires themselves, and so on and so forth, we would have 1,048,576 Pinoy millionaires by 2019! That’s one year ahead of schedule! We can even achieve this earlier if this was done as a team and if we continue to teach more people each year. Imagine that!
We also want to be mentored by Trace Trajano and his team. Why not learn from one of the best real estate mentors one can ever have, and a Filipino mentor at that?!
Last but not the least, even before the challenge, we already had plans to set up our own real estate company so we might as well start it now, with mentoring and guidance from Trace and the Think Rich Pinoy franchisees, and we also get to do it as a team.
What we’ll get if we win
If we win the Challenge, our team shall become Trace’s Philippine real estate company, and his business partners. Trace’s vision for the real estate company is to earn Php 1 million per month in revenue, through techniques like wholesaling, retailing, and rent-to-own where Trace is an expert. Sure, it won’t happen overnight, but who wouldn’t want a piece of that?!
If our team wins, we also get to help in mentoring the participants of the next Apprentice Challenge of Trace which is to be held right after the next Think Rich Quick Seminar, and that will happen barely six months from now.
As early as today, we are committed to impart our knowledge and virtually everything we will learn to those who are willing and are committed to learn real estate investing. Being Trace’s partners would really help speed up the learning process not just for us but for everyone else as well. In other words, if we had our way, no one gets left behind!
We will be more than happy to serve others by helping them learn the lessons we have learned, do what we were able to do, achieve what we were able to achieve, and so much more, just like what Trace often mentions where he actually looks forward to the day when his students and apprentices will become even better than him when it comes to real estate investing. Spoken like a true mentor!
But we cannot do this alone
Obviously, to be successful in real estate investing, aside from having an excellent team, you also need to build your network. I’m so thankful I am already part of such a team. The logic here is one person can only achieve a certain level of success in real estate investing, but this can grow exponentially with the right team.
However, even with an excellent team, we still need to build a network that would consist of partners, investors, buyers, sellers, brokers, agents, banks, contractors, appraisers, real estate lawyers, property managers, or just about everyone involved in the real estate industry.
What to expect if we win the Apprentice Challenge
A lot of you may be asking, “So you need our help, what’s in it for us?”. We will obviously learn so much from this challenge and one thing I can assure you all is that we will share as much as we can with just about everyone out there who is willing to learn from us and our mentors.
How do you know that we will do this? Well, I have been doing this ever since I started Foreclosure Philippines (formerly Foreclosed Real Estate Philippines). I believe we should all have an abundance mentality, where we believe that there is more than enough for everyone. I have been doing this for more than a year and I don’t intend to stop anytime soon. I’m really glad that my teammates also share the same belief. You can trust me on this!
We can also earn while we learn together. Why don’t we become partners even beyond the Apprentice Challenge?
Brokers, Realtors, and real estate agents that are such a big help in helping us get connected with sellers and find great deals can also help us sell or lease our properties to buyers and tenants, and possibly earn double commissions from us in the process.
We can partner with fellow real estate investors who either lack time or simply cannot do it yet due to physical constraints (like OFW’s or those with demanding full-time jobs) or maybe those who still lack some of the skills needed to go into active real estate investing. We can help them earn passive income by becoming investors for our deals, or we can do the legwork and take care of the nitty-gritty details either for them or WITH them if they really want to learn. These can include finding buyers and sellers, pre-qualifying them based on a set of criteria, analyzing deals, helping with the legal matters and taxes, assisting in working with banks, appraisers, contractors, or just about any challenge fellow investors may be facing right now or in the future.
Speaking of banks, we can easily help banks dispose their non-performing assets by either buying them or marketing them. We may even be able to help homeowners avoid the foreclosure of their homes which would really be a win-win situation for everyone.
We can also help those who need to sell their properties fast with the lessons we have learned about extreme marketing.
We can even help buyers find the properties they are looking for with the help of our growing network of partners.
In other words, if we win, we shall be in a better position to help others and our success will be everyone’s success!
How are we faring in the Apprentice Challenge?
I’m glad to report that our team is doing very well and is currently the front-runner of the Apprentice Challenge.
For those who are not part of the Challenge, the following are the first three Challenge rounds:
- BONUS Round: Help the most number of OFW’s learn about financial literacy. We invited the most number of OFW’s and relatives to attend the OFW mini seminar and got first place.
- FIRST CHALLENGE: The challenge was to sell a property in 3 weeks and we won first place because we were able to close the deal in a record-breaking 6 days! Nice!
- SECOND CHALLENGE: Find a good deal for a buyer in 2 weeks and earn at least Php100K in profit – this Challenge is still ongoing and we are positive that our efforts will produce the closing sale we need early this week.
Three more challenges to go. More sleepless weeks, more brainstorming and strategic planning sessions, and implementation activities with the team.
Partnering with a Champion team
Do we get tired? Of course we do! Most of us have families, children and even full-time jobs (This excludes me. Remember, I just got out of the rat race recently! DJ is also excluded as he is living a life without a boss), and we need to cope with all of these every day while we are doing the challenge.
But we are willing to put our necks on the line for this worthwhile challenge because we believe in the principles behind everything that we do. The learning and the rewards are priceless. The experiences we get and the people we meet while doing the Apprentice Challenge are more than enough to give us the winning attitude. Even if we don’t emerge as the winning team of the Challenge, we will forever carry with us the heart of a Champion. And that’s the kind of team that is committed to partner with all of you. Nevertheless, we want to win this challenge!
Reality bites…
*Update as of September 2010 – I have officially left the RYP team. I’ll just say things did not turn out as expected, but lessons have been learned. So If you plan on being part of any future apprentice challenge, all I can say to you is… good luck!
To our success and financial freedom!
Jay Castillo
Real Estate Investor
Real Estate Broker License #: 20056
Blog: https://www.foreclosurephilippines.com
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Text by Jay Castillo with inputs from the now defunct RYP Realty Team . Copyright © 2010 All rights reserved.
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