The Apprentice Challenge – We need your help!

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This is an important update-PLEASE READ! I would like to share this update dated June 2, 2011 – After much thought, I have decided to leave Trace Trajano‘s local coaching program and my role as one of the local coaches. I would also like to inform everyone that I am not part of Trace’s other programs.

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!

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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:

  1. 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.
  2. 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!
  3. 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: http://www.foreclosurephilippines.com
Follow me in twitter:http://twitter.com/jay_castillo
Become a Fan in Facebook:Foreclosure Philippines fan page

Text by Jay Castillo with inputs from the now defunct RYP Realty Team . Copyright © 2010 All rights reserved.

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About Jay Castillo

Jay is the founder of Foreclosurephilippines.com where he shares real estate investing tips and foreclosed property listings. He quit his job as an I.T. Manager to focus on Real Estate Investing and Internet Marketing. He is a PRC licensed Real Estate Broker (REB License # 3194)... [Read more]

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  • Arjay

    Trace is using the ” Carleton H. Sheets” idea. Google John T. Reed’s analysis of Carleton H. Sheets. Hoping the NBI is after him right now. 

  • http://www.foreclosurephilippines.com Jay Castillo

    This is an important update-PLEASE READ! I would like to share this update dated June 2, 2011 – After much thought, I have decided to leave Trace Trajano‘s local coaching program and my role as one of the local coaches.

    I would also like to inform everyone that I am not part of Trace’s other programs.

    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 ~

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  • ronnie cruz

    Hello Sir Jay,

    As an OFW how can i help you? how can i participate in this program as investor?

    Do you know anyone who wants to make 10-15% return on their money? HOW is it? PLEASE ADVISE

    RONNIE CRUZ
    ABU DHABI UAE

  • RG

    Sir Jay

    Very nice to know your noble works. I have a motivated buyer willing to DP 400k+ on any condo unit pref 70sqm with pref 2 br. Maybe by linking up our networks, we can help each other. That way, another millionaire in me might just be on your way. I am really interested in learning and being mentored by MR Trace Trajano. Anymore seminars you can advise us about?

    Hopefully you can help me look for a property. I also sent you a form through this site.Hope that helps. God Bless.

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  • Dianne De Castro

    Hi Jay,

    Congrats on winning the first few challenges. i belong to another team also, but you and your team inspires us. I am sure you left a mark already in the Phil real estate world ;)

    • http://www.foreclosurephilippines.com Jay Castillo

      Hi Dianne, thank you so much! Hope to meet you and your team one of these days.

  • crisel

    Hi Jay,
    I actually sought your help in selling my property in Cavite.
    While waiting for a response from you I posted a for sale sign on the gate of my house and a neighbor who is renting within the area texted me and is interested to buy my property..i dont know the procedures in selling..will you guys guide me?

    • http://www.foreclosurephilippines.com Jay Castillo

      Hi Crisel, ah okay, I will check the sellers’ form and our team will get back to you. Firstly you need to make sure your property’s documents are in order as your prospect buyer will be looking for them. Next you need to decide on how much you want to sell and and at what terms and you need to put this under contract. Just let me know if you need further assistance and our team will be glad to guide you.

  • Joi Usita

    OMG. i have been waiting for this – to be an apprentice and to be a part of a team like this! i want to be able to help. in some way. and learn through the whole experience.i have set a goal for myself that 2010 will be the year for my first real estate deal. i know that if i try hard enough, it will happen.

    to sir jay and sir bryan:
    and i just wanted to share with you something. remember the UITFs where i placed my money last december (while i still cant afford to be in real estate)? it’s doing really good. it earned 2k for 4 months. relatively low but that’s okay. what i was after was the experience and the learning. this coming june though, i will pull my money out from there. and transfer it to my tito’s private lending business. it has a higher return. wee! can’t wait!

    • http://www.investingpinoy.blogspot.com Bryan Uy

      That’s wonderful Joi! Keep it up.
      .-= Bryan Uy´s last blog ..Retire Rich Through the Stock Market – BoSanchez’s TrulyRichClub =-.

    • http://www.foreclosurephilippines.com Jay Castillo

      Congrats Joi! My teammates and i would be glad to help you with your goal. Just drop by and feel free to contact us anytime. =)

      • Joi Usita

        really? wow. thanks alot. i will sir :) and, i just turned 19 today! happy birthday to me :)

  • SDR

    Hello Jay! I have been following your blog and I must agree to all your readers that you have opened our eyes and minds to greater possibilities. I salute your selfless effort to reach out to our fellow Pinoys.

    I got so excited when I read your blog about needing partners and I have expressed my interest through the form posted above . I also got my husband’s interest on this. I thought I’d just drop by if only to let you know that I have been thinking seriously about it.

    Keep it up, Jay!

    • http://www.foreclosurephilippines.com Jay Castillo

      Wow, that’s great, thanks SDR, keep us posted! Thanks for dropping by.

  • http://philippinerealestates.blogspot.com/ real-estate investor

    Very nice, I would also want to join your group but I am presently employed. Can I do this part time?
    .-= real-estate investor´s last blog ..Cityland Grand Emerald Tower Payment =-.

    • http://www.foreclosurephilippines.com Jay Castillo

      Yup, part time would be okay. We’ll be just like a big referral network. If you have friends or relatives that want to buy/sell properties, then please refer them to us and we will also do the same. Thanks!

  • http://www.m2ibcorp.blogspot.com raymond

    Hi Jay,
    This is Raymond of M2IB Corp team. Our Team salutes you and the rest of the RYP Team. Goodluck on the challenges and we are here to compete at the same time to cooperate with you towards this seed that Mentor Trace planted on this Apprentice Challenge.

    Mabuhay,
    raymond – 09175455309
    http://www.m2ibcorp.blogspot.com
    http://www.santarosamycity.com

    • http://www.foreclosurephilippines.com Jay Castillo

      Hi Raymond, thanks! Yes, let’s all help each other and achieve success sooner! Win-win for all!

      Thanks for giving me your contact number. You can also reach me at 09178843882. By the way, naka Superduo ako. :-)

      I’ll also add your blogs/websites in my blogroll asap. thanks!

  • http://www.lchouseforsale.ning.com mchintosh

    ellow!!pwede po ba mag pa sale ng lote lang?and i need 4 doors apartment for 20% downpayment and balance will be finance through pag ibig.

  • http://www.investingpinoy.blogspot.com Bryan Uy

    Bro,

    Thanks for sharing this vision. I am really thankful because you have unselfishly shared your knowledge to all of us.

    God bless.
    .-= Bryan Uy´s last blog ..Retire Rich Through the Stock Market – BoSanchez’s TrulyRichClub =-.

    • http://www.foreclosurephilippines.com Jay Castillo

      You’re welcome Bryan, thank you also for the help and partnership!

  • http://gladismay.multiply.com Gladis

    Hi Jay,

    I want to be a part of your success and learnings kaso nasa kabilang team ako. pano kaya?

    Thanks!
    Gladis

    • http://www.foreclosurephilippines.com Jay Castillo

      Hi Gladis, even if you are with another team, our teams can still partner with each other. It’s highly probable that our buyers are looking for properties you have and vice-versa. We may be competing with each other just because of the challenge but in reality, all of us are business partners. :-)

  • Jojo Guinto

    Hello Jay.
    I’m an avid follower of you blogsite and I must say that you
    had shared a lot of priceless information regarding real estate investing to newbies like me.
    In fact, I was able to attend the mini seminar for OFWs conducted by Trace last March because I read the info in your
    blogsite.
    You can count on my support in your quest. I shall be sending
    you a list of some of the properties you can help me market.
    Goodluck to you and your Team!
    Jojo

    • http://www.foreclosurephilippines.com Jay Castillo

      Wow, thank you Jojo, many many thanks! If I remember correctly, we met during the seminar right? On behalf of our team, thanks again!

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