Below are the questions we hear most often from prospective AtlasREMentor Apprentices and partners. We include them here to help you determine whether partnering with AtlasREMentor (as an apprentice dealmaker or as a partner on a specific deal) is right for you.
If you have additional questions not answered below, please Contact Us.

What kind of experience do I need to become a partner on a deal?
The best experience is to complete the AtlasREMentor Apprentice Personal Coaching Program! However, it’s not a requirement. AtlasREMentor is always open to anyone who wants to bring in a prospective deal. To partner with AtlasREMentor you need to have an "above basic" understanding of the process – we simply don’t have time to stop and train novices. That’s what our apprentice program is for!

How do I submit my deal to AtlasREMentor?
The first requirement is that you must be a registered AtlasREMentor Partner or graduate of the Apprenticeship program.
Go to the "Partner login" link from the Home Page or any "log in to submit deal" link throughout this site. Once you are set up with a user name and password you will be able to access the deal submission form. Fill in the blanks and follow the instructions.

Do I have to live where the property is located?
No. As long as you can supply the facts about the property, we can accept your submission. But the closer you are to the property, the easier it is to manage the deal. If you want to be considered for more than a finder’s fee or small percentage, you will need to be able to visit the site frequently.

Does AtlasREMentor do foreign deals?
Not currently. We may in the future, but for now all AtlasREMentor deals are within the U.S.

If I submit a deal you don’t accept do I owe you any money?
No. You are entirely free to pursue any deal we don’t accept on your own. You won’t owe us anything -- except to return any money we have invested for deposits or due diligence.

Are there different levels of acceptance?
Yes. It’s possible that AtlasREMentor itself may turn down a deal but one of our project managers may still want to partner with you. Under that scenario, you pay a 10% commission to AtlasREMentor off the top.

My deal was automatically rejected. What can I do?
First we suggest rechecking your data. You’d be amazed how many deals end up rejected due to a data entry error!
But it’s more likely that your property did not meet our criteria. If you firmly believe in the property, resubmit it and convince us why we should reconsider it.

Can I resubmit my deal if the facts change?
Absolutely! Facts such as price, zoning, etc. often change and can definitely affect the strength of your submission.

How long will it take to get an answer?
We will notify you within five (5) business days of your submittal.

How do I track my deal?
You will be notified of acceptance by your AtlasREMentor project manager. Once your deal is in process check the "History Notes" section of this website. You can also exchange data and information with your PM via the Conversation Log tab.

Can my spouse/partner submit deals too?
AtlasREMentor registration is in your name only. Your spouse or business partner can submit deals using your name/registration. Otherwise (s)he can qualify separately by submitting an application for consideration.

Can I share my access and password?
We accept deals only from registered users. You are responsible for anyone submitting deals using your user name and password. Accordingly, it’s a good idea to limit access to your spouse or business partner. Better yet – encourage them to get their own AtlasREMentor registration!

How many deals can I submit?
There is no limit – you can submit as many deals as you want us to consider.

Are there any fees for submitting deals?
Yes. AtlasREMentor charges a 3-10% administration fee applied to the deal at such time as the property produces cash from a loan or sale. All loans will also incur fees to the lender and there is also a monthly management fee if the project is long term. These fees will be taken out of the project funds.

If my deal is accepted, what do I do now?
It all depends on the contract you and AtlasREMentor agree to. Please refer to the Terms & Conditions section for more details on possible scenarios.

If I do provide funding, what is the extent of my financial obligation?
Your obligation is to cover the good faith deposit, due diligence costs and other expenses incurred until we obtain the hard money loan to recapture your cash outlay and holding costs or we sell the property. Most properties are purchased with this loan. Your cash should not be tied up past closing and large cash down payments are covered by the acquisition loan.

How do I know you won’t steal my deal?
We have carefully built a reputation for fairness and honesty in business. No one deal could EVER be worth risking that reputation! On a practical level, we always work with a written agreement that is binding by law. On a personal level, your trust – and the trust of everyone we do business with – means the world to us. That’s who we are, and who we expect you to be also as an AtlasREMentor partner. You are in no way obligated to partner with us if you feel you are capable.

Who will provide my training?
Our primary objective is to get each deal done efficiently. That means balancing classroom training and real-world experience. If you select Option #2 (see Terms & Conditions) you will work very closely with an AtlasREMentor Project Manager. Pay close attention and watch how the pros do it!

How do you determine the profit participation split on a deal?
An apprentice’s profit participation can range from a minimum "finder’s fee" of $5,000 (or $1,000 on residential properties), all the way up to 50% of the “net” profits on the deal. If AtlasREMentor puts up money or has to sign for any financing, your interest will be a maximum of 25% (as long as you can manage the entire project from beginning to end with minimal help from our regional manager).
Often, the only money required is earnest money (good faith) and due diligence costs. The rest comes from the loan. So investing is really not as costly as you might think.

When can I expect my money?
Finder’s fees are paid as $2,500 at closing and $2,500 when the development loan is put in place. For residential properties the fee is $1,000 ($500 at closing and $500 when sold or refinanced.

Beyond the finder’s fee, there is no "formula" or "schedule" for payment. These deals take time and often things don’t always work out quite as planned. You will get paid as soon as the first check arrives. We encourage our partners to be patient. You’ve done the footwork. The rewards will come!

All financial arrangements and terms will be discussed in an agreement we sign early in the deal. For a more detailed explanation, see Terms & Conditions.

If I’m sharing in the profit, why do you take the title?
For each deal we form an LLC and you will have a profit share agreement. However, Atlas Real Estate Mentor always maintains control of the title.

Who handles the money?
All accounting and banking is handled by AtlasREMentor financial staff in Sacramento, California.

How is the money distributed?
We pay all invoices out of our Sacramento office. When profit occurs, distributions are made on a pro-rata share after all invested capital, earnest money and direct expenses are returned to their source. AtlasREMentor maintains a P&L on each deal.