On this same note, does anyone know Phil Pustejovsky? I am considering his coaching program because he seems to me like a very genuine guy and his fee are NOT as hefty in perspective; I mean compared to many others I have seen so far.
Why aren't there just mentor willing to take a 50/50 cut on deals by signing a "joint venture agreement" attached to all deals?
I get it that a lot of people quit or try to play them; there's all kinds of people out there. Meanwhile, those such as myself who are ethical, honest and genuinely ready to but with little money to start aren't getting the chance they should because of these hefty entrant fee....
I strongly encourage you to do some reading here and ask questions. If you have little money but have time you can learn everything here you could from one of these expensive mentors. If you have little money and little time, then you're going have a hard time succeeding in any cash. Dreams of starting with nothing, spending no time working on your business and having fat paydays are just that - dreams.
@john Holdman I understand. I know there is a reality to this. I realize that with no time and no money, nothing can be done. But I have some time on my hands just not as much money to start as I'd like or need. I'm an Investment Performance analyst and My FT job ends at 4pm with no work on weekends. I spend a lot of time reading and commenting on this blog recently.
Being new I am still struggling with marketing for motivated sellers (the step 1). There are seasoned investors such as yourself who know tons on these subjects, have written about it a lot and I'm sorting through and reading a lot on it.
I am trying to reach out to the more seasoned investors to serve as guides in my early stage. With that said, I would appreciate it if you could help answer some questions as I progress and need advice. I'm driven enough to learn the steps and from there be successful in Real Estate investing.
I will read about Phil, as you suggested! Thank you!
Man, this Phil guy is on this forum a lot! A mentor is great, but holy cow does he take a lot of your profit after he teaches you what to do! Glad I didn't buy into one of these programs before I started to know how to invest in real estate.
@David Mayfield I too found Phil on YouTube and BP from there. I personally think that you could get the same knowledge here that you'd pay for from Phil (and the BP community gives free help btw for any questions you may have). That being said, if you're ready to spend $ on training, go Pro here instead.
Just my opinion...worth maybe 2 cents.
I was the same listening to his videos even thought about getting into the program myself but after a few lengthy phone conversations with their sales people it started to sound like i should pass. That is just my personal opinion.
The few issues I had was the 6k upfront to get into his program. I was kinda cool with 200 a month ( which they will cover for the first 90 days which is great) because of the access you get and even the 50% split was alright if I am getting great support.
What really turned me off is I wanted to get some feedback from people on the videos who have been so successful. I found a few on LinkedIn I think but none mentioned Phil's program. (Which was strange giving all the success they had) I even called Billy Busch here in Dallas asking to see if he would meet to discuss the program but got someone from his "office" saying he wasn't in. Never received a call back. On my last conversation I asked if they would be able to set something up and they acted like that wasn't possible but would try to see if he was available. They also mentioned I wouldn't work with mentors in my area. I go into a few of my other investigative techniques through real property searches on other individuals attached to this program but it would be to much to type. There are a few other threads on here where people supported him and I even tried to contact them....nothing.
You really need to do your own homework and while this program is not for me it could be for you. Any question about real estate investing I have I post it on here and get great feedback.
I thought the Apprentice program was only $997...where are you getting 6,000 or is that another program he offers. @Jason Kaufman i got a call from the sales people about his apprentice program and he only told me it was $997 to get started in the program.
@Alexaundra McCormick $997 is the first charge they will make you pay. Rest absolutely assured it is not the last one. $6000 is probably not the end of it, either. Based on your previous posts you are exactly the person these gurus are targeting. These people are selling a dream of quick and easy riches. This dream does not exist. It is possible to make money in various real estate business. Its neither quick nor easy. In another thread you wrote:
If $1000 is all you have to invest in you real estate future what would be the best way to invest it. How could you build wealth in real estate with just $1,000 to start off with?
If you truly have only $1000 to "invest", I strongly urge you not to spend it on any $1000 course. I have. Several times. I won't say there were complete wastes of money. But close.
If you look at a few other posts about Phil the upfront cost varies and I am sure they base it off the amount you have to invest. When I started asking about people in the program and anyone I could talk to about their experiences that's when it went south for me. You will also see a few people jump on the forum to defend him but when I tried to contact them as well I got nothing.
Hey everyone, I recently had a similar experience with one of Phil's sales people (a guy who went by Chris Hall). They hit me up for 9k to do take their more conservative approach or I could pay15k for their more aggressive approach to finding motivated sellers, building a business, etc.
I also asked to speak with folks from their testimonials (youtube videos) and was denied access to them because "they are doing deals...How could they make time to talk with someone [such as myself] without paying them a fee..."
I'm going to stick with the BP forum for answering my questions and gaining insight into real estate investing.
Hey @Bizi Kayumbi - you should contact the guys at NEW WESTERN ACQUISITIONS in Dallas. A lot of young go-getter guys in DFW are getting their start there. They have staff positions where you learn RE investing while they generate the leads and sell the deals (mostly to a big hedge fund client). They are very active in local REI clubs over here in Tarrant County, such as the HEB REIA. Instead of paying for a mentor who lives out of state, why not work for a company here in DFW that will pay you when you produce? Here's a link to their site. I do not work for them and I am not compensated if someone joins them, but I know these guys really well (Andrew Welker, the CEO and Alex Glass who runs the Dallas office. Feel free to mention my name if you meet them.).
Yeah, the free book is weak, but the YouTube Video are good, more informative than most...
Sorry for the long absence. But this is brilliant! I will contact Andrew and his team and see if I can get in on the opportunity. I really seek a strong experience in REI. I will mention that you recommended me. Thank you!
I just had a similar experience talking to one of the mentors to what a lot of you described. It didn't seem like the worst way to go until about a half hour into the conversation he mentioned the $4,000 to $6,000 start-up fee (I had indicated I had about $5,000 to start investing with), which would include the ePartner website with access to contacts and contracts and other things. Seems like an awful lot, especially if I end up paying a monthly fee on top of that. After hearing from people here that start-up costs were all across the board (and seemed to be close to what you had said you had for cash to start), I decided not to go any further. Thanks everybody for sharing your experience.
let's just say I joined the mentor program and my price was way more than what you guys quoted. The people are knowledge but honestly it's a rip off for what you can get elsewhere. Esp since their price changes based on who they are speaking with...
Not trying to bring up a 6 yr old conversation, but I've also been looking into freedom mentors with Phil. I have not signed up with them as of now. he first quoted me different options double to 5 times as much as others have said. prices have lowered after saying no and they have offered the educational materials and software without the mentoring for a whole lot cheaper. only 1k. I honestly think you could make a killing with them. Just a steep price to get your foot in the door with their business. In their deal options I would have been able to talk to or listen to Phil give advise live. For a higher priced option I could even get to shadow him down in Florida for a day.
Reason I was interested in the first place was the mentoring. i see that the initial costs go towards starting your own business with them and marketing, just wasn't what I was expecting. I love real estate and have a couple rentals with good cash flow, but know very little on flipping and wholesaling besides lots of youtube videos. Knowing when a deal is good i'm still iffy on. and finding a buyer off market as well.
I like a lot of @Dev Horn 's comments and like his opinions. I plan on continuing my free education but at some point still really want a mentor to help know if I find a deal and I'm getting my foot in a "bear trap" or a finding "gold mine".
Thanks for the mention, Branton! Wish you the best in this new venture.
Originally posted by @Dev Horn :
Thanks for the mention, Branton! Wish you the best in this new venture.
Hey Dev, do you purchase fix and flips in Fort Worth?
Don’t join unless you are really really certain and make sure to read every detail on the contract.
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