Almost everyone on the internet would love to build some sort of passive income. While many people are always on the lookout for the next opportunity to make this dream come true, a few of them have actually figured it out.
Some of these lucky few hope they can bring other people on board by teaching them exactly how they did it. If you are interested in making passive income through multi-family investment, we have found a program that claims to teach you how to get there. This program, Vertical Street Ventures Academy, claims that it is actually easy to generate a passive income stream through this form of real estate investment and we are intrigued. Let’s dive into our review.
Now, before you read what I have to say about the Vertical Street Ventures Academy, let me let you in on a little secret: there are 2 categories of real estate: physical and digital. Imagine if you could rent out DIGITAL properties. I’m talking about renting out properties that exist ONLINE only (not in the physical world). You may not know this, but properties like this can get you much higher rent, and there are no property taxes, no repair costs, no homeowners insurance, and the profits can be MUCH greater: Digital Real Estate Video Here.
Here’s a video of my daughter’s business using this :
The course my daughter used above is much better than the Vertical Street Ventures Academy. But since you are here to learn about Vertical Street Ventures, lets get back to our review of that:
What is Vertical Street Ventures Academy?
This is a coaching program that teaches you how to purchase, raise huge capital, and manage multifamily properties. According to one of the creators, the program is designed to help you build a career that will give you financial freedom in 3 years or even less.
Who is the Creator of Vertical Street Ventures Academy?
The company was founded by Jenny Gou. Jenny has a degree and MBA in Business Management and has worked as a Sales Director for over a decade. She assumed that position at Procter & Gamble as her first major role after graduating from the University of Minnesota.
While in this position, she worked with popular brands such as Costco, Target, Walmart, and Dawn. She also managed teams while offering strategy and project management expertise. She ventured into real estate right after moving on from this role.
She has managed to build an impressive portfolio of single and multifamily homes and is on a mission to help other people earn passive income through this.
How Does Vertical Street Ventures Academy Work?
When you sign up for the program, you get access to resources in multiple formats to enhance learning. Materials will be in video, audio, and text formats. You will also be engaged in assessments to help you monitor your learning growth throughout the program.
All these will be available through a dedicated learning portal. The portal allows you to plan your learning process. You can schedule coaching calls, resume your lessons exactly where you left off, and even set notifications for important events.
You will also get unlimited access to 1-on-1 coaching with a team member. These coaching sessions will be 100% tailored to your needs. The team knows how important it is for you to get different perspectives from industry experts and this is why they usually host a bi-weekly Zoom meeting. The meeting brings together property managers, lenders, marketing experts, brokers, and other relevant professionals who are ready to answer your questions in clear and concise language.
The team will also train you on how to conduct proper due diligence by getting you to experience a live session. You will get to watch as the team performs a complete session on a property in Arizona. The process will teach you what you should be looking out for during a due diligence process and how you can adjust your business plan based on your findings.
There are also property management calls to help you grow your knowledge in asset management. Fortunately, there are four weekly sessions so it is easier to choose a time that is convenient for you.
You can also build a relevant network thanks to VSV’s private Slack channel. You can share your journey and learn from the journey of other students.
What is the Cost of Vertical Street Ventures Academy?
There are three membership levels. The Elite, Enhanced, and Essential levels. You will pay a one-time enrolment fee of $10,000 irrespective of the membership option you choose. The Elite membership gives you access to everything that has been discussed above. There is a one-time payment or payment plan option for those who want to make monthly payments.
The one-time payment costs $19,997 plus the enrolment fee. If you opt for the monthly payment, you will be paying $197 per month. The Enhanced membership has fewer benefits and it costs $14,997 while the Essential costs $1997.
The company has not mentioned a refund policy on their website. It will probably be in their fine print but you can ask the team when you schedule a call with them.
Should You Invest in Vertical Street Ventures Academy?
The company seems to offer a lot of value based on the offers on their website but that does not mean much when there is virtually no one talking about the program. You will find reviews but they are all on the company’s website.
It’s really difficult to get a real sense of the experience you will get when you register. The cost is way too steep for anyone to venture into something they are not too sure about. My suggestion will be to attend one of their events to see what it is like. I will suggest the VSVCON which is an annual event that is meant to foster connections and improve your knowledge.
It costs $149 for standard and $299 for VIP. This event has a 100% money-back guarantee so you can get your money back if you don’t get value from the program. Best of luck!