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Updated over 6 years ago on . Most recent reply

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Brandon S. Lewis
  • Midland, MI
7
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Any reviews of Jay Morrisons academy

Brandon S. Lewis
  • Midland, MI
Posted
I have just passed my Michigan Real Estate exam and trying to figure out my next step. I have heard of Jay Morrisons Real Estate Academy and thought about trying that. As I have started listening to the podcasts. It seems a lot of these guys are out to just take your money and not teach you things for a good foundation. Any suggestions/opinions are welcome.

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Ethan Giller
  • Rental Property Investor
  • Philadelphia, PA
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Ethan Giller
  • Rental Property Investor
  • Philadelphia, PA
Replied

@Antuan Sumiel, the problem you run into when just looking for a "mentor" is that the people who are somewhat established generally either: a) have very little free time since they are actively running their business, or b) have free time because they are semi-retired and no longer growing their business or as actively involved.  It's not that people don't want to help you - successful real estate folks tend to have an abundance mentality and want to see others succeed in the industry as much as possible.

But if you are offering relatively unskilled help then it's usually easier for the investor to just hire someone directly who can be paid a low wage but be accountable for their area of responsibility, rather than a "free volunteer" who is there for knowledge and therefore isn't accountable if the work doesn't get done.  Many investors would rather pay someone for an hour of work than take an hour of their time to explain the task to someone who likely won't be a part of their long-term team.

Many of the 'gurus' do overcharge for what they are offering, but the idea behind charging for their services is to compensate them for the time they aren't doing deals, and also to see who is serious about learning.

If you are interested in finding a "mentor", the best thing in my opinion is counter-intuitively to look for a PAID position you can take in a small real estate company.  Work for very cheap but make sure you are providing value and accountability just as an employee would.  You can work as an agent, a secretary, a bird dogger, back office, etc.

Either that, or provide value to the people you are looking to work with by taking action on your own such as finding deals or motivated sellers (even if you can't afford them yourself), getting pre-approved for financing to buy your own properties, getting your real estate agent license, networking with other wholesalers and helping to market their deals, fully educate yourself by reading all the BP books and others, raise capital that you can lend to others, etc. etc. etc.

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