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Updated almost 6 years ago on . Most recent reply

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Rick Carter
  • Real Estate Broker
  • Charlotte
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4
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follow up on Prosource workshops

Rick Carter
  • Real Estate Broker
  • Charlotte
Posted

As in some previous posts, I too attended the 3 day workshop with Prosource. I found it be be very informative. As previously mentioned, there is an up sell. Here is the thing that is not mentioned and I'd like to get your opinions on this. For 30K, they offer the following, a six week webinar, 3 day in person tax lien tour into the process, 4 day in person real estate summit. during the last 2 days of the summit, they will take you out in San Diego and you will actually buy a rehab property. They provide you access to cash flow at a discounted rate. Hard money lenders at 2 points and 10% and gap lenders if you need them, which from my research sounds like good terms if your coming in with limited funds. (I'm sure that they are somehow involved with the company). They also provide you the access to power teams in the best real estate markets in the country so you can do this nationwide without your boots on the ground. These teams consist of attorneys, Title companies, contractors RE agents etc. They promise to literally hold your hand through the entire process including tax advice from CPA's They guarantee that you will make you initial investment back at a minimum.  There is more, but I just want to know if this sounds like they have a good system. 

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198
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Dutch Langley
  • Flipper/Rehabber
  • Matthews, NC
239
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198
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Dutch Langley
  • Flipper/Rehabber
  • Matthews, NC
Replied

So they charge you 30K then make you buy a rehab immediately that they benefit from?  Seems like with all the information and advice you can get for free (like here...the amount of info is amazing...best site I have ever seen if you are willing to spend the time) you would be better served to use that 30k or less as a downpayment for a property (after educating yourself basically for free on this site, local meetups, one-on-one meetings, etc.)

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