Wholesaling Mentor Programs: Are they worth it?

[Aaron Lietz]

Hello all, I've been reading, listening, and studying real estate investment pathways for a couple of years now and one thing I keep coming across are RE wholesaler "mentor" programs. Here I'm thinking of courses like Brent Daniels (TTP), Astroflipping (Jamil Damji/KeyGlee), Pace Morby (subto.com), Ron LeGrand, Chris Chico, and many others. These programs typically cost from $5,800-$10,000 (although I have heard that some can be talked down to as little as $800-$2,500).

The question that keeps coming to my mind is; Why are they doing this? I understand they make good money by selling you and I the ability to access a bunch of videos on how to start a wholesale business but isn't this really just a conflict of their own interests? Aren't they basically just creating even more competition for themselves and thus making it harder for them to continue wholesaling? I don't know of any other major business models that would do this (such as Pepsi starting a mentor program on how to start/run your own cola company and then compete with them for the same customers). 

The second and perhaps even bigger question is; Are they selling these programs because wholesaling is even harder than they make it appear? In other words, could it be they know that wholesaling (in many major markets) is saturated and doing it successfully is harder than they let on; thus selling you the dream on how to do it is more profitable? I've heard about this with some real estate "gurus" on YouTube who actually make way more money in YouTube ads than they do their own real estate business! Perhaps it's just a combination of the two? 

Additionally, could it be that they are counting on the fact that most people will buy their training programs and then either 1) only do a deal or two or 2) not follow through in starting a full fledged wholesaling business? I wonder if there is something I'm missing here. 

I would like to hear your thoughts and I am specifically interested in hearing from those of you who are currently wholesaling successfully (i.e. - doing at least 1-5 deals per month - either wholesaling or doing creative finance deals). 

What do you think? Am I way off base here? 

Thanks all! 
Aaron Lietz
Door&Key

[Robins Dorvil]

@Aaron Lietz, I asked those same questions when I was doing research to learn wholesale. I was a traditional buy and hold landlord that was relying on the MLS and wholesalers for my deals. I asked myself, Why don't I learn how to get these properties myself. So I did really hard research and Pace Morby's Subto program made more sense to me with my goal to build a huge portfolio. I've been in his course for 6 months now and all I can say is WOW. It's more than just Subject to and Wholesale. I've learned about advanced tax strategies, Anonymity business sets ups, Sales training, several creative strategies and on going daily accountability zooms. I'll be 100% honest, I'm feel embarrassed that I paid so low for a lifetime mentorship that's continuously benefits me to this day. However, it's just like anything else, It's what you make of it. I come from a bodybuilding background. I researched how to transform my body for 10 years online going in circles. I hired a coach for the first time and implemented every step to his program and What I wasn't able to do in 10 years I did in 7 months. So you can go in these programs and thrive or you can go in, have a bad experience and down talk. I've seen that with everything.