ryan pineda mastermind future flippers is it worth it?

ryan pineda mastermind future flippers is it worth it?

Member since 2019 · 7 posts · 18 votes

Hey All,

I am thinking of signing up for Ryan Pinedas mastermind  rookie program. It sounds like its mostly wholesaling and flipping. Its pretty expensive about $8000 up front for a full year. I was wondering if anyone has gone through it and have any suggestions. I don't want to spend that kind of money to find out that its something where they just throw a lot of information your way and don't really mentor you through the process. Thanks.

Paul

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Investor · Kennesaw, GA · Member since 2018 · 98 posts · 127 votes
4y

Calling someone dumb while at the same time not being able to use a simple forum post several times isn't a good look. Then when you figure out how the "Post Reply" button works, your comment is full of grammatical and punctuation errors. Maybe next time try to be less of an a hole...

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  • Member since 2019 · 7 posts · 18 votes
    4y

    no need to keep repeating yourself. Calling me dumb once was enough.

  • Member since 2022 · 26 posts · 19 votes
    4y

    I think it's better to try and fail and try again than to pay to wholesaler/flipper gurus a lump sum when there are plenty of informative youtube videos, articles, and books that could teach you basically the same things. Plus, you've got the BIggerPockets community to help you out when you get stuck somewhere. Good luck in your endeavors!- KR

  • New to Real Estate · Longview, WA · Member since 2021 · 9 posts · 7 votes
    4y

    I just saw him speak at an event recently. He is a real deal investor, but he spoke more on personal branding than real estate. I would say stay away from any expensive mastermind groups unless there are actual networking events and you are desperate to leave your W2 to become a wholesaler/flipper because thats his focus. Being in the right rooms is money well spent, but 8k ain't cheap. Best of luck!

    -Skylar 

  • Investor · Kennesaw, GA · Member since 2018 · 98 posts · 127 votes
    4y

    Calling someone dumb while at the same time not being able to use a simple forum post several times isn't a good look. Then when you figure out how the "Post Reply" button works, your comment is full of grammatical and punctuation errors. Maybe next time try to be less of an a hole...

  • Rental Property Investor · Boston, Massachusetts (MA) · Member since 2016 · 2k+ posts · 2k+ votes
    4y

    The only people I have ever seen on this board get good things out of gurus/masterminds/etc. are people who already have a fair amount of capital and understanding of finance, and feel its an affordable expense that will help them transition to this new arena. My bias is against it and in a big way, but you can find posted examples of people finding it useful.

    i have never heard of a newbie and/or person with limited funds do well out of any of these things...you may hear differently just speaking from personal observation.

    You could take $1000 of that money and buy a lot of successful investors coffee and lunch and ask them to tell stories. Guaranteed that would be a good return on investment. You will start hearing patterns, pick up all kinds of vocabulary and get a really good sense of the real world. Good luck.

  • Member since 2019 · 7 posts · 18 votes
    4y

    thank you all or your feedback. That as truly helpful. It looks like I am not going to go through with the program but stick to the bigger pockets forums and continue to work with people who have had some success in my area. These posts were very helpful!

  • Joe S.Pro Member
    Investor · San Antonio · Member since 2020 · 3k+ posts · 3k+ votes
    4y
    Quote from @Paul Mossa:

    thank you all or your feedback. That as truly helpful. It looks like I am not going to go through with the program but stick to the bigger pockets forums and continue to work with people who have had some success in my area. These posts were very helpful!


     There is a underlining fear of missing out by not joining certain events, trainings, masterminds, or coaching. The presentations typically are much better than the actual training. The reason why I know this is because I have spent a fortune over the years. More so on my beginning years and the training really did not help, but I did not know that going in. 
    There was an exception of course I had a gentleman that did some  phone coaching for about 12 weeks they gave me contracts, lease option agreements and was into creative finance.

  • Specialist · Member since 2018 · 124 posts · 64 votes
    4y

    @Paul Mossa

    I haven’t taken this courses but I have spent thousands of dollars on real estate education.

    My 2 cents is, everyone learns differently. Do what is right for you. The only time I speak “against” any course (no matter how much they cost) is if you have already purchased courses and you believe this is the next best thing that will give you the “right” answer. If you have already spent money on other courses about wholesaling and flipping my suggest is to not buy another course and just take action.

    Good luck!

  • Rental Property Investor · Member since 2022 · 9 posts · 2 votes
    4y

    I needed to hear that more then you know

  • Investor · Chicago, IL · Member since 2019 · 58 posts · 44 votes
    4y
    Quote from @Michael H.:

    Calling someone dumb while at the same time not being able to use a simple forum post several times isn't a good look. Then when you figure out how the "Post Reply" button works, your comment is full of grammatical and punctuation errors. Maybe next time try to be less of an a hole...

     I appreciate this post. But to chime in, I've read books and listened to podcasts and watched videos in regards to real estate and all of them were low cost and easily available. However I think the best teacher so far was going to investor meet ups and talking to folks and asking those questions that are boggling your mind. The ones here in Chicago that I attend are free and I'm sure they have free meet ups in most other places. On top of that I started to interact with people in the life and a simple dinner or grabbing a drink will be a course in itself. Many ways to learn without having to shell out thousands of dollars imo. 

  • Investor · Dallas, TX · Member since 2016 · 887 posts · 1k+ votes
    4y
    Do yourself a favor and take the 8k you're considering throwing away and put it toward an actual investment. There is more info here on BP than you'll be able to consume. Resist the slick talking scam artists that claim to "have the secret", or "will give you the information that no one wants to share", or "have a proven formula", etc.

    If this guy (or any of the others) were such prolific investors, why are they now selling "programs" instead of spending their time getting into more deals and getting even richer? Do you think that they are such wholesome and kindhearted people that they are going to sacrifice making tons of money on investments to teach someone else how to invest? Get real.

    It's a scam to make money. They are making way more money off unsuspecting people than they are investing. It's easy money for them, much easier than an actual investment that takes a lot of research, risk, etc.
  • Real Estate Broker · 3412 S. Harlem Avenue Riverside, IL 60546 · Member since 2015 · 6k+ posts · 5k+ votes
    4y

    @Paul Mossa full disclosure, I don't know anything about his program. It may be full of great content. I own and manage 114 apartment units, and less than a year ago I went down the rabbit trail of following one of the apartment gurus. I got to the "final interview" where you are pitched a course. It was like 25k or something like that, and I ended up passing. What I realized, was that I already knew pretty much everything they were pitching. It is still alluring to think there is a secret if you just pay to get in, but I wouldn't do it. 

    Why not find someone locally who is flipping and offer to partner? Maybe be boots on the ground, help manage contractors, pick up supplies at home depot, etc? Flipping is relatively simple (not easy). Wholesaling is even harder than flipping and potentially less lucrative. Both topics have endless amounts of free content explaining how to do them. 

  • Eudith VacioPro Member
    Real Estate Agent · Chicago & NWI · Member since 2015 · 860 posts · 521 votes
    4y

    It sounds quite tempting to join those programs. When I first started getting interested in real estate, I was thrown so many opportunities to learn "and build wealth fast". I was definitely lured into a couple of events but didn't go through with any of the programs. A part of me knew that I could easily learn things online and continue to network with others to build my knowledge. I know quite a few investors that joined those programs years ago and majority of them didn't think it paid off for them. But wish you the best of luck!

  • Flipper/Rehabber · Wilton, CT · Member since 2015 · 4k+ posts · 4k+ votes
    4y

    What do you do when you want to become a doctor?

    You go to school, you get education.

    What do you do when you want to fly a plane?

    You get education.

    What do you do when you want a fast track to success ... you consider education.

    There is nothing wrong with buying courses.. it just depends on what kind of courses you buy.

    So if you feel that this can help you getting successful dude go for it.

    Did you know I also bought a course?

    I am good at what I do, lead generation and seo..

    But I SUCK at running a business. I bought a $6K course how to run a business, and within one month we did 6 figures in profits. If I had not bought this course I would be NO WHERE!

    So go do you my man! Go fly high and leave all the nay-sayers behind.

  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    4y
    Quote from @John Warren:

    @Paul Mossa full disclosure, I don't know anything about his program. It may be full of great content. I own and manage 114 apartment units, and less than a year ago I went down the rabbit trail of following one of the apartment gurus. I got to the "final interview" where you are pitched a course. It was like 25k or something like that, and I ended up passing. What I realized, was that I already knew pretty much everything they were pitching. It is still alluring to think there is a secret if you just pay to get in, but I wouldn't do it. 

    Why not find someone locally who is flipping and offer to partner? Maybe be boots on the ground, help manage contractors, pick up supplies at home depot, etc? Flipping is relatively simple (not easy). Wholesaling is even harder than flipping and potentially less lucrative. Both topics have endless amounts of free content explaining how to do them. 


    I had a similar experience went to a 3 day event of a pretty pricey mastermind group.. lots of top players in our industry are members .. price was 25k a year and for some of the folks there that I knew personally and a few I funded their first deals the networking for them was very valuable.. for me other than figuring out the new marketing methods people use  there was nothing really new that has not been done before 100's of times . So just not a good fit for what I thought I might need.. And its not the money and its not the money to any or most of the members . but what you see is they all edify each other on social media and the public does not realize they all are members of the same club and giving each other high fives.. And some of the members were the guru's who in my mind prey on the RE dreamers and laugh all the way to the bank so no real respect for them so I did not want to spend 25k and be around those individuals.

    For actionable advice having been a vendor at guru events ( lender in the back of the room helping students buy rentals)  I think to get the most out of these events one should do some training before you even go. first thing take a pre license course in the state you live in.. Learn the terminology and the basic laws of real estate this really helps. Then go on E bay and buy all the books and tapes from all the different training guru's that are offered there for 20 to 50 bucks for the students that paid the 10 to 50k for the material never used it and stick it on E bay  read through all that material.. then your local meetups.. at that point you have a foundation of knowledge and can decide which mentor / Training program may be suitable for what you want to do in real estate  Like your for apartments and we know there at half a dozen or so apartment trainers out there .. I think some of the major benefit of the apartment trainers is just the networking B/C one the cost of the training and unless your a complete dreamer you understand you need money to buy apartments so there will be others that have means that you can mingle with.

    When your going to events full of beginners and those that had to put the program on their CC there is not a lot of capacity there to transact even when U learn things ..

    Lastly I dont think folks understand that there is a huge supply issue and if everyone who went to a training actually went to work there simply is not enough RE to go around especially in the distressed asset space.
  • Flipper/Rehabber · Wilton, CT · Member since 2015 · 4k+ posts · 4k+ votes
    4y
    Quote from @Paul Mossa:

    no need to keep repeating yourself. Calling me dumb once was enough.


     You are wrong. 

    Calling you dumb once is not "enough". That was once too often!

    I bet he wouldn't have done that in person. Behind a computer he is all macho!

  • Flipper/Rehabber · Wilton, CT · Member since 2015 · 4k+ posts · 4k+ votes
    4y
    Quote from @Account Closed:
    Quote from @Account Closed:

    I can't believe how Dumb you are considering pay $8k to some fake real 



     Dude, you are wreaking havoc on these forums, but man.... being rude and insulting like that is not going to get you where you think you are getting. You are not starting a "movement" as you once said elsewhere. You are only showing people you are childish and barbaric.

    I am against DMM and lists, with a passion, but I try to educate people so they see what I see. I don't try to get my point across by belittling, insulting and being so crude.

    There is a better and smarter way to get your point across. This message is not to insult you.. it is to enlighten you.

    Hard to believe anyone as successful as you claim to be, would be acting like that!

    Hope you see this one day, sooner than later. You will get yourself banned here on BP, and worse, you will lose all credibility as an investor.

  • Investor · Chicago, IL · Member since 2019 · 58 posts · 44 votes
    4y
    Quote from @Jerryll Noorden:
    Quote from @Account Closed:
    Quote from @Account Closed:

    I can't believe how Dumb you are considering pay $8k to some fake real 



     Dude, you are wreaking havoc on these forums, but man.... being rude and insulting like that is not going to get you where you think you are getting. You are not starting a "movement" as you once said elsewhere. You are only showing people you are childish and barbaric.

    I am against DMM and lists, with a passion, but I try to educate people so they see what I see. I don't try to get my point across by belittling, insulting and being so crude.

    There is a better and smarter way to get your point across. This message is not to insult you.. it is to enlighten you.

    Hard to believe anyone as successful as you claim to be, would be acting like that!

    Hope you see this one day, sooner than later. You will get yourself banned here on BP, and worse, you will lose all credibility as an investor.


     dudes a clown. not even worth the effort

  • Member since 2018 · 563 posts · 562 votes
    4y
    Quote from @Jerryll Noorden:
    Quote from @Account Closed:
    Quote from @Account Closed:

    I can't believe how Dumb you are considering pay $8k to some fake real 



     Dude, you are wreaking havoc on these forums, but man.... being rude and insulting like that is not going to get you where you think you are getting. You are not starting a "movement" as you once said elsewhere. You are only showing people you are childish and barbaric.

    I am against DMM and lists, with a passion, but I try to educate people so they see what I see. I don't try to get my point across by belittling, insulting and being so crude.

    There is a better and smarter way to get your point across. This message is not to insult you.. it is to enlighten you.

    Hard to believe anyone as successful as you claim to be, would be acting like that!

    Hope you see this one day, sooner than later. You will get yourself banned here on BP, and worse, you will lose all credibility as an investor.

    I think you showed @Account Closed how to be the most virtuous RE investor in the world, congratulations!

    FYI, most highly successful RE investors I know talk exactly like that, if they know you and are comfortable enough with you. Sometimes, tough love looks and feels ugly, but it can be extremely motivating dose of reality that either makes you quit or motivates you to get stronger, faster, and smarter. If you can't be called names and either defend your position or take the criticism with a grain of salt and keep it moving, RE is probably not the best business for you.

    Also, you basically did the same thing, or worse(insulting @Account Closed) in a more long and drawn out way by questioning his success and knowledge, calling him several names, and offering to "enlighten" him without actually offering any techniques for enlightenment, just blathering on about how bad he is and implying how great and virtuous you are for butting in and defending some strangers honor and upholding the highest levels of civil discourse. Hell, at one point it sounded like you were trying to call him out for a fight because you think he's some keyboard tough guy, you would show him who is tough, etc, etc, etc.

    But it was fun to read the thread and offer my 2c, so thanks for fun!

  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    4y
    Quote from @Isaac S.:
    Quote from @Jerryll Noorden:
    Quote from @Account Closed:
    Quote from @Account Closed:

    I can't believe how Dumb you are considering pay $8k to some fake real 



     Dude, you are wreaking havoc on these forums, but man.... being rude and insulting like that is not going to get you where you think you are getting. You are not starting a "movement" as you once said elsewhere. You are only showing people you are childish and barbaric.

    I am against DMM and lists, with a passion, but I try to educate people so they see what I see. I don't try to get my point across by belittling, insulting and being so crude.

    There is a better and smarter way to get your point across. This message is not to insult you.. it is to enlighten you.

    Hard to believe anyone as successful as you claim to be, would be acting like that!

    Hope you see this one day, sooner than later. You will get yourself banned here on BP, and worse, you will lose all credibility as an investor.

    I think you showed @Account Closed how to be the most virtuous RE investor in the world, congratulations!

    FYI, most highly successful RE investors I know talk exactly like that, if they know you and are comfortable enough with you. Sometimes, tough love looks and feels ugly, but it can be extremely motivating dose of reality that either makes you quit or motivates you to get stronger, faster, and smarter. If you can't be called names and either defend your position or take the criticism with a grain of salt and keep it moving, RE is probably not the best business for you.

    Also, you basically did the same thing, or worse(insulting @Account Closed) in a more long and drawn out way by questioning his success and knowledge, calling him several names, and offering to "enlighten" him without actually offering any techniques for enlightenment, just blathering on about how bad he is and implying how great and virtuous you are for butting in and defending some strangers honor and upholding the highest levels of civil discourse. Hell, at one point it sounded like you were trying to call him out for a fight because you think he's some keyboard tough guy, you would show him who is tough, etc, etc, etc.

    But it was fun to read the thread and offer my 2c, so thanks for fun!


     Not coming to Mr. Ransom's defense as he is new on the forums and I know it took me a year or more to figure out how to use this website us old guys did not grow up with computers.. However from his first post on his distaste for being spammed by wholesalers we went back and forth on that thread  into the tulles and we both worked in the same area at basically the same time ( which I suspect was before 80% of BP members were born LOL) and he knew the players of the day  so to me it verified his past experiences. I have seen some of the top most respected members of BP call others dumb or their ideas dumb on open forum so its not unique to him. 

  • Realtor · Tempe, AZ · Member since 2017 · 541 posts · 442 votes
    4y
    Quote from @Jay Hinrichs:
    Quote from @Isaac S.:
    Quote from @Jerryll Noorden:
    Quote from @Account Closed:
    Quote from @Account Closed:

    I can't believe how Dumb you are considering pay $8k to some fake real 



     Dude, you are wreaking havoc on these forums, but man.... being rude and insulting like that is not going to get you where you think you are getting. You are not starting a "movement" as you once said elsewhere. You are only showing people you are childish and barbaric.

    I am against DMM and lists, with a passion, but I try to educate people so they see what I see. I don't try to get my point across by belittling, insulting and being so crude.

    There is a better and smarter way to get your point across. This message is not to insult you.. it is to enlighten you.

    Hard to believe anyone as successful as you claim to be, would be acting like that!

    Hope you see this one day, sooner than later. You will get yourself banned here on BP, and worse, you will lose all credibility as an investor.

    I think you showed @Account Closed how to be the most virtuous RE investor in the world, congratulations!

    FYI, most highly successful RE investors I know talk exactly like that, if they know you and are comfortable enough with you. Sometimes, tough love looks and feels ugly, but it can be extremely motivating dose of reality that either makes you quit or motivates you to get stronger, faster, and smarter. If you can't be called names and either defend your position or take the criticism with a grain of salt and keep it moving, RE is probably not the best business for you.

    Also, you basically did the same thing, or worse(insulting @Account Closed) in a more long and drawn out way by questioning his success and knowledge, calling him several names, and offering to "enlighten" him without actually offering any techniques for enlightenment, just blathering on about how bad he is and implying how great and virtuous you are for butting in and defending some strangers honor and upholding the highest levels of civil discourse. Hell, at one point it sounded like you were trying to call him out for a fight because you think he's some keyboard tough guy, you would show him who is tough, etc, etc, etc.

    But it was fun to read the thread and offer my 2c, so thanks for fun!


     Not coming to Mr. Ransom's defense as he is new on the forums and I know it took me a year or more to figure out how to use this website us old guys did not grow up with computers.. However from his first post on his distaste for being spammed by wholesalers we went back and forth on that thread  into the tulles and we both worked in the same area at basically the same time ( which I suspect was before 80% of BP members were born LOL) and he knew the players of the day  so to me it verified his past experiences. I have seen some of the top most respected members of BP call others dumb or their ideas dumb on open forum so its not unique to him. 

     That's great and all but the dude has still provided zero meaningful input and does nothing but spam multiple posts in a row about how dumb everyone is and how he's the greatest thing to ever happen to real estate investing

    In general a lot of people just use the wholesaling forum to troll and never provide anything of value

    To answer the OP, I don't think you will learn anything that you can't find out yourself but it's all about what works for you. If you think buying this course will help get you into the game then go for it. I probably wouldn't but everyone is different

  • Member since 2018 · 563 posts · 562 votes
    4y


    99% of the time...

    Wholesaleing and guru courses is like merging two types of roaches into one super roach....with those odds, is it really smart to willy-nilly try every course that has effective marketing?

    Of course, I know that only the 1% that are effective and successful and ethical post in these forums or all social media.

    Best of luck!

  • Member since 2023 · 1 post · 0 votes
    3y

    My husband enrolled in this program. It’s a fxcking home wrecker.

    First of all, the $8,000 is a rip off. On the sales call, the sales person pressures my husband to buy the program without talking to me. 

    Secondly, the guidelines are bxllshit. It might work in some area of the country, but it’s not going to work to low ball every single house you see in the San Francisco Bay Area. You Fxcking crazy? 

    Third, they pushed him to buy device from a tax person asking for $600!!!! He made $0!!! It’s all my W2 money for this whole year and I had a baby and had to support the big xss grown up baby. He made $0 in this business and had to pay $600 to file tax!!!!


    I hope other people with some brain will try their best to avoid these sales group. Nobody gets rich overnight. Whoever tries to tell you that they are taking great vacations making big bucks from these things, they are making their big bucks out of your tuition money, and frankly your ignorance.

  • Member since 2023 · 5 posts · 4 votes
    2y

    My only experience with Ryan Pineda has been very negative. He recently came out with a "world's first blockchain NFT for tokenized real estate," (Tykes), hyped it up a ton, and then shortly after launch completely stopped marketing for it. Just 16 months later and he has now basically closed up shop, leaving most investors at a huge loss, while he walks away with a money in his pocket. The worst part is that he took no responsibility for the failed project, claiming it a "success in every sense of the word" and blaming "the market," and "the tykes holders" for not being more active in the discord group. To be honest I am completely disgusted that he has handled his project this way.... And just because of that Id be highly wary of anything he promotes......

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