About Freedom Mentor

Created by noted real estate investor Phil Pustejovsky, Freedom Mentor claims to be one of the leading real estate investing programs that can help you become successful faster and easier than doing it on your own. With this in mind, the Freedom Mentor website claims that right now is the best time to make money in real estate, and that the secret to success in this industry is having the right mentor.

But considering that fact that all your net profits will be split 50/50, does the Freedom Mentor program really benefit you, or just put more money in Phil’s pockets? To investigate these claims we did some research, and here’s what we learned.

Who is Phil Pustejovsky?

Before getting into the details about Freedom Mentor, it might help to have a better understanding of Phil Pustejovsky’s background.

After graduating from Vanderbilt University, Phil claims that he became involved in a partying lifestyle, at which point his life began spiraling downward. In fact, at one point he claims that he was homeless and living out of his truck after he initially failed at real estate investing.

After hitting bottom though, Phil claims that he met a mentor named Tom who helped guide him through the real estate investing process. Since that time, Phil claims to have negotiated $45 million worth of short sales and to have built a large portfolio of properties through a variety of lending techniques. In fact, he now calls himself the “nation’s premier real estate mentor” by helping other investors get started, or take their businesses to the next level, using his Freedom Mentor programs.

Freedom Mentor Details

At its most basic, the Freedom Mentor program claims to partner with you and help you make fast cash and build wealth using real estate investments. Through this partnership, the company will share 50/50 of your net profits for each deal that you make, which they claim ensures that each party has equal interest in your success. In addition, Phil claims that his personal mentoring will help you avoid many of the pitfalls and dangers associated with real estate investing, while also providing you with true financial intelligence, more time, confidence, and freedom, and a useable set of skills that you can continue implementing after the mentorship program is complete.

In order to apply for the Freedom Mentoring program, you’ll need to sign up by entering your name, phone number, and email address, after which a representative from the company will contact you. According to the Freedom Mentoring website though, Phil is only interested in working with coachable, action-oriented, honest, and committed apprentices.

In addition to his mentoring program, Phil Pustejovsky also provides a free digital copy of his best-selling book titled How to be a Real Estate Investor after you sign up for his email updates. In this book, he claims that he’s simplified real estate investing in order to make the principles actionable and easy to apply. In addition, Phil claims that this book contains decades of real estate investing knowledge and real-world experience, and that it shows you all the strategies you’ll need, whether you’re a new or experienced investor.

On the Freedom Mentor website you’ll also find a fairly long list of free real estate training courses, which are comprised of 25 different articles and videos, starting with the basics and becoming progressively more complex. You’ll also find a regularly updated blog that contains short articles on everything from renting vs. owning a home, to the top 7 ways to fail as a real estate investor.

Finally, Phil also hosts several real estate investing-related events throughout the country each year, along with the likes of Robert Kiyosaki, George Ross, and others.

Freedom Mentor Pricing & Refund Policy

While Phil Pustejovsky’s book is free, along with the training sessions on his website, there is no pricing information provided for his Freedom Mentor programs. However, after piecing together different snippets of information during our research, we found one relatively recent online review claiming that the company charges $3,000 as an initial fee, a $197 monthly membership charge, on top of the 50/50 profits split.

On the other hand, a consumer who had already been screened by Freedom Mentor employees posted a review on this site, claiming that the fee is $4,750, for which you’ll receive:

  • A personalized investing plan
  • Instructional, lead-generating software
  • Access to a lender database
  • 2 conference calls per week with other mentorees
  • Daily instant messaging with Freedom Mentor’s staff of counselors
  • 3 live coaching calls per month with Freedom Mentor’s staff of counselors

It appears that there is also $1K Freedom Mentor do-it-yourself program, which seems to be a scaled down version of the full system.

As such, in order to verify Freedom’s mentorship pricing, you may want to contact the company directly at 877-693-3172 (see more about this in the following section).

What Are Other Consumers Saying About The Freedom Mentor?

Based on the hundreds of reviews and forum posts we read during our research, there appears to be a general air of skepticism surrounding the Freedom Mentor program; primarily that, while it does seem to provide legitimate methods of making money in real estate, the high entrance fee and 50/50 profit split may not ultimately be worth it in the end. More specifically, many of these reviews claimed that much of the program’s information can be found for free online and in existing books.

For a fairly detailed “insider’s view” into the Freedom Mentor program, we would recommend reading a review by “Margaret Dennis” here.

On top of this, we read numerous reviews claiming that Freedom Mentor’s staff of counselors post fake positive writeups and forum comments in order to boost its appeal, and that you may experience aggressive/high pressure sales tactics after sending the company your contact information.

What’s the Bottom Line About Freedom Mentor from Phil Pustejovsky?

When it comes down to it, if you’re looking to make more money through real estate investing, is the Freedom Mentor program worthwhile? It seems that it could be, although you should keep the following in mind:

Short Sales Galore

First, it appears the majority of the Freedom Mentor program is focused on purchasing short sales through a variety of channels, including hard money lending. As such, if this isn’t your cup of tea, this may not be the mentorship program you’re looking for.

Steep Price

Next, even if you are interested in short sales, the Freedom Mentor program comes with a steep price tag. While the initial fee appears to be scalable between $1K and $8K depending on your circumstances, you’ll also be responsible for a $200 monthly fee, on top of the 50/50 profit split. Speaking of which, this split will occur until you’ve acquired anywhere from $100K to $500K in profits, again depending on your specific contract. And depending on the types of deals you find and how often you find them, this could translate into a very long—and expensive—relationship.

On top of this, several customers stated that much of the information found in the Freedom Mentor program can be found elsewhere for free, such as online, in books, and by networking with a local REI group.

Unanswered Questions

Despite the amount of time spent researching Freedom Mentor, we’re still left with some fairly important questions, such as: How selective is the application process? Exactly how does the mentorship program help you find deals and obtain financing? With this said, based on customers who had been contacted by a screener, it appears that you’ll undergo multiple calls totaling several hours of talk time, so many of these important questions might be answered at that time.

Mixed Reputation

As we mentioned above, it appears that the Freedom Mentor program has been met with a healthy dose of skepticism from the REI industry in general. To be fair though, the reality is that most of the industry’s “gurus” are more than happy to sell you the biggest dream you can imagine, while often providing very little in the way of lasting results.

However, we read several positive reviews during our research from individuals who claimed to be part of the Freedom Mentor program. Most of these admitted that the price is steep, but that the support they received really helped their real estate businesses move forward.

Bottom line: The Freedom Mentor program definitely doesn’t appear to be a scam, although multiple people have wondered if the high price is ultimately worth it. As such, be sure to ask all the questions you can if you decide to contact the company, and remember that any commitment you make might end up being a very expensive one.

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29 Customer Reviews for Freedom Mentor

Average Customer Rating: 4.4
Rating Snapshot:
5 star: 25 4 star: 0 3 star: 0 2 star: 0 1 star:  4
Bottom Line: 83% would recommend it to a friend
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  • 3 out 3 people found this review helpful

    Exactly what I needed

    Perhaps I just got lucky, or maybe the person who wrote this article didn’t have access to the most authoritative sources when writing it, but my experiences have been very different. I feel like joining this program was exactly what I needed. Phil is AWESOME. I'm talking amazing.

    This is a small example, but he fills in all the cracks, all the little things that used to trip me up. I was previously a part of another program, and they left me hanging over and over again, and I now realize that the reason they did was because they didn't actually know all the finer details. Real estate investing is not self-explanatory.

    There are a ton of twists and turns, and it's so easy to get stuck, but Phil and all his coaches, they really know what they are talking about. They have gotten me unstuck. I am extremely grateful that I got in because it's a game changer for me.

    Bottom Line: Yes, I would recommend this to a friend

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    • Aug 10, 2017

      Water

      Hi Kimberly. Do you how often do you directly interact with Phil or do you only correspond with his coaches?

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  • 1 out 1 people found this review helpful

    Purpose filled life

    Phil's commitment to providing the best resources for someone to succeed is by far the best I've seen. He is truly living a purpose-filled life. I've actually prayed that he become even more successful so that he can share his insight/experience with even more people who are seeking financial freedom. There is NO LIMIT to his potential. The business model and system he has built replicates Jesus Christ "system" - living with integrity, making disciples, and teaching others to become financially free from this world's system.

    The principles he implements/follows/teaches come directly from the Bible. I study it quite often, and for the first time, I've actually run into someone who tries to stick to them as much as possible and then disciples others to do the same. It's going to take me a little time to learn this business, but you can rest assured I'm going to master it. The Lord will make Phil the head, not the tail. If he continues to pay attention to the commands of the Lord his God, he will ALWAYS be at the TOP, never at the bottom.

    Bottom Line: Yes, I would recommend this to a friend

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  • 0 out 1 people found this review helpful

    Happy, happy, happy

    That's the way I feel after having joined and been with the program for about a year now. Happy, happy, happy. It’s better than I expected. Real estate investing is so much more involved than I could have ever imagined, but they know everything inside and out, so I know I’m safe and protected.

    Bottom Line: Yes, I would recommend this to a friend

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  • 2 out 2 people found this review helpful

    A cut above the rest

    I'm 70 years young, and I've seen a whole lot in my life. Back in January, my son asked me to be his guest at a seminar he had paid $1,000 to attend. The "instructors" were very convincing, and at the end of the three days, somehow they had convinced us to pay them $25,000.

    For as smart as I thought I was (I have a Ph.D.), I sure didn't go down no "Success Path," but instead I got taken by that seminar company! They made all kinds of empty promises, and although I learned a few things, my son and I were more confused after two months with that company than before we ever went to that first seminar. While at a training being held by that group, we were instructed to go to YouTube when we were back in our hotel rooms and search about a topic they were teaching. When I did, Phil's video popped up. So I got a free copy of his book. I read it. Then I began watching his other videos. And then it dawned on me; I need to learn from the man himself, Phil, and get our butts away from that lying seminar company! So we did.

    And let me tell you, having seen what Phil provides versus what an HGTV show star seminar company provides, Freedom Mentor is a gigantic cut above the rest.

    First off, Phil's entire team that I have dealt with, Ed, Paul, Shannon, Kirby, Tara, Brian, Jeremy, and Stefanie are all first class. Phil surrounds himself with great people. They really know their stuff.

    Second, I hear the deals being closed by other apprentices on coaching calls. They are doing deals. A lot of them. It's very inspiring. Deals that that seminar company claimed they did, but Phil's people actually do them.

    Third, Phil is very accessible. I have spoken with him several times, and we have corresponded back and forth a lot. I never once got a chance to speak with the HGTV stars that supposedly led that seminar company.

    I have only been in Phil's program for about one month now, but the difference between his company versus that seminar company is night and day. He shows you the important details that the seminar company left out. I think because he has an engineering degree, Phil is just a very meticulous and detailed person, so he makes sure that nothing is missing.

    At first, I really got mad at myself for being duped by that seminar company; but the more I thought about it, the more I realized that had I not gone through that experience, I would have never found Phil (although in a round about way).

    I would strongly recommend Freedom Mentor to anyone looking to get into real estate investing. I am a huge fan of Phil, his team, his teachings and his program.

    Bottom Line: Yes, I would recommend this to a friend

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  • 1 out 2 people found this review helpful

    The best real estate mentoring program out there

    I just want to say that I am loving this wonderful program. I hope everyone knows that this is the best real estate mentoring program out there. Nothing even comes close. I wish I would have found Phil 20 years ago.

    Bottom Line: Yes, I would recommend this to a friend

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  • 4 out 4 people found this review helpful

    What it means to have a mentor

    Phil's mentoring is better than I expected, and I had high expectations. You think he is passionate on his YouTube videos, but you haven't seen anything until you are in the throws of a deal that is about to make $38,986 and it's on the rocks and could fall apart. He gets real intense then. Without his help though, that deal would have never closed, and I would have made $0. He can be tough. But looking back, that's exactly what I needed.

    When I first got started, I guess I thought that they would mentor me the way that I wanted; but instead, they mentored me on what I needed. Which was a very big difference. I've not only made good money, but I have grown as a person. I now understand what it means to have a mentor. They aren't your best friend or your shoulder to cry on; they are your success coaches leading you to a place of personal excellence you've never been before and can't get to on your own.

    If you want a mentor in real estate investing, you've found it in Freedom Mentor.

    Bottom Line: Yes, I would recommend this to a friend

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  • 6 out 6 people found this review helpful

    Expensive is Relative

    • Houston, TX,
    • Apr 24, 2017
    • Verified Reviewer

    The “Bottom Line” described at the end of the above article is that Phil’s program is expensive. Well, expensive is relative to how much money you have. A better way to describe it might be that the cost is substantial for those with modest means. I saved up for two years to join. It was a very serious financial commitment for me and my family but the reason why I felt it made sense was because I saw people around me struggling to find deals, lose them to competition, lack the funds to buy them, and not actually make a profit at the end. One guy I met said he lost $20,000 on his first deal but he shrugged his shoulders and chalked it up to a really good learning lesson. Now THAT is expensive!

    At first, I was a bit taken back that Phil of all people, who started off homeless, would require money upfront to join his program. But after talking with his team about it, it made total sense. This is a different business than it was 15+ years ago when Phil got started. More competition for one, another issue being that people have changed and are now on their smartphones and laptops rather than reading newspapers or socializing with neighbors at community gatherings. Stamp prices have gone up, the cost to reach the target audience is much more. Most importantly, the game has changed so much that you have to really understand the little nuisances to be one step ahead of the next guy. You have to really know your stuff or you’ll get blown out of the water in this business. The right tools, the right resources, everything. All those things weren’t a necessity 15+ years ago.

    After joining, one thing that jumped out at me was how much I didn’t know that I didn’t know about real estate investing. There is a whole lot more to it than meets the eye. For those naïve beginners that think they can just start off by wholesaling a deal or two have a rude awakening coming. It’s a dog eat dog world out there. The seasoned pros are vying for those same deals a newbie is after. And they have more experience, more money, more resources and more contacts.

    Freedom Mentor has provided the knowledge, tools and resources to be way ahead of the competition. The cost may be substantial for those with modest means but like usual in life, you get what you pay for. This program is the best of the best. For those who can’t afford it, do what I did. Save up. For those who can afford it, just remember that you will pay your dues in learning this business one way or another. Either in losing money on bad deals or lost potential profits on deals you never did; or you can go the less costly route of joining a program like Freedom Mentor. I chose to the less costly route and it has made me all the difference.

    Bottom Line: Yes, I would recommend this to a friend

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  • 4 out 4 people found this review helpful

    Naysayers got Phil all wrong

    • Virginia Beach, Virginia,
    • Apr 14, 2017
    • Verified Reviewer

    I just got back from Phil’s top secret annual retreat last weekend that he does every year with only his Apprentices. Here’s the shocker, it was free. He didn’t charge a penny for me or anyone to attend. AND he didn’t sell anything either. It’s the first real estate investing seminar I have ever been to in my entire life where I paid nothing and was sold nothing, but instead, for three straight days, Phil personally shared the results of all his tests from the previous 12 months, new techniques, what strategies he thinks will work in the upcoming year AND my personal favorite, we got on a huge bus one day and drove us around to nine different deals he had recently done, showing every minute detail of what he did and how he did it.

    He said he holds that one event every year to help his mentees do more deals, and it’s the only “seminar” he does.

    I just joined the program a few weeks ago, so I have not closed my first deal yet; but at the event, I personally talked to at least 20 different people in the group that had closed deals, and plenty more than that were in the room too that I didn’t connect with.

    Phil broke down some of their deals at the event; from how they found them, to how they structured it, etc. Many of them, Phil either funded the deals or showed the person how to do the deal without funding.

    Seeing this one young couple who didn’t seem to be all that smart, holding a little newborn, talking about how they just had made $78,000 on a deal, completely blew me away. All I could think about was how I wish I had found him when I was their age, and boy would my life be different.

    Someone reading this probably thinks I am blowing smoke, but I can assure you I am not. I joined with plenty of skepticism, but after being at Mastery last weekend, I am now a gigantic fan of Phil personally and of this program.

    People on the outside looking in at this company and this program that have anything negative to say about them have no idea what they are talking about, including what the author of the above article wrote. Naysayers got Phil all wrong.

    Bottom Line: Yes, I would recommend this to a friend

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  • 4 out 9 people found this review helpful

    Didn’t expect to make so much money

    • Salt Lake, UT,
    • Apr 3, 2017
    • Verified Reviewer

    I’m 24 and currently in grad school for Biology. I study, go to school and play intermural sports with most of my time and invest in real estate on the side with this company as my mentor.

    I have now been part of the program for about six months. I closed my first deal within the first three months. I got the deal under contract for $30,000 and then found an investor buyer to pay $48,000. There were no closing costs for me so the net profit was $18,000 before the 50/50 profit sharing and $9,000 went in my pocket. In my first deal alone, I about got back my entire initial investment which was amazing to me because I didn’t expect those kind of returns until after my third or fourth deal. But being able to have that done after my first, that was a special accomplishment.

    Now, being six months deep, I’ve closed a second deal as well. It’s an interesting deal. It’s one that I’ll remember for a really long time because I was able to help a family in dire need. I got the property under contract for $25,000 and my initial plan was to wholesale to an investor buyer for $30,000. Then I had a Hispanic family contact me (who seemed like very hardworking people) who could pay $28,000 at most and they invited me to their home to do the paperwork.

    This deal however, keep in mind, was my second deal. Not only was it my second deal but it is also in Spanish and Spanish is my third language. I thought it was amazing, because not only was I able to buy and sell this house in Spanish, I did it to a family who was in need because they had six grandchildren and their kids need help raising these six grandchildren. Personally, myself, I grew up the youngest of five and we had a total of 10 people in the house and it was really tough to keep the mouths fed in a house big enough for that many people.

    Once they told me about their situation and how it was hard for them to make ends meet, I cut a deal with them. I only made $3,000 when I could have made much more. But in this case, it doesn’t matter how much money I made but the relationship I built with that family. They now have a house for their two kids and their six grandchildren. For me, that really hits home because that was a scenario I was in when I was growing up. To be able to pay that forward to another family, I thought that was a beautiful experience.

    Let me talk a little bit more about the program and how much that it has helped me. What helped me tremendously was definitely finding the best deals. I had no idea about all the technology that goes into finding the most truly motivated house sellers. The fact that Freedom Mentor has it all so completely dialed in and was able to provide the technological tools for me and then show me how to use them has made all the difference. That’s the reason I was able to beat out entrenched competition that is already in my area and get to these first two deals before anyone else. Otherwise, I would be like every other "wannabee" real estate investor out there searching for deals by driving around or putting out signs or mailing letters.

    The education that I received has been profound. I’ve been reading books and blogs and watching videos on real estate investing for years. I thought I already had a good handle on things. What I’ve learned is 50, 100, almost 1,000 times fold what I though I already knew. And unlike college, which takes a very long time to recoup your initial tuition investment, I got a solid return within six months, and now I am going to continue making money month in and month out with this.

    Another thing about the program is the flexibility. As a full-time college student, 90% of my time is either at school, studying, working, or playing sports. It’s not like I have a whole lot of time to dedicate to creative real estate investing. The fact that I’ve been successful part-time makes this program even more accompanying to my lifestyle. Not only am I extremely busy with other things but I’m still able to close deals and make money part-time.

    Last but not least, I thank the entire mentoring team so much for all the help that they have given me. I can’t put into words how grateful I am for their help. Closing these two deals was awesome. I didn’t expect to make so much money. I didn’t expect any of it, really. The fact that they were there with me every step of the way, that they were extremely patient, I mean, this is all new to me. I have no experience. They have a blueprint that was just a step by step guide to follow, and it just walked me to success, and I can’t wait until I can be investing full-time and take advantage of the opportunity in front of me. Thank you, Freedom Mentor, once again.

    It seems that the only negativity about the program is coming from people who aren’t in it, so they truly have no authority to speak on it. I’m in the program and definitely recommend this program for anyone whose thinking about getting into real estate investing.

    Bottom Line: Yes, I would recommend this to a friend

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    • Mar 8, 2017

      Devin

      It seems like you're very supportive of this program. Why does it say on the bottom line that you wouldn't recommend it?

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  • 2 out 3 people found this review helpful

    Out of my comfort zone

    • Arlington, TX,
    • Apr 2, 2017
    • Verified Reviewer

    Joining this program a few months ago was definitely outside my comfort zone. My spouse thought I was crazy at first, but after diving in and following the steps along with me, they came around. We finished our first deal this week, and the net profit was $50,351.04. We bought it with our own money, had it cosmetically renovated and resold it. Phil and his team helped us every step of the way.

    We were both scared out of our minds because this was all so foreign to us, but the mentors were patient and explained what to expect. One thing that really jumped out at me was that the mentoring team seemed to be able to tell the future because what they said was going to happen next, seemed to always happen! It was freaky. But Phil said that after doing a few thousand deals, you pretty much have seen it all, and the twists and turns of a deal become fairly predictable.

    I hope this encourages anyone who is scared like we were. If you have Freedom Mentor in your corner, you’ll be fine.

    Bottom Line: Yes, I would recommend this to a friend

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  • 2 out 2 people found this review helpful

    Closed my first deal today

    I’m having a great day today. Just closed my first deal with this program. Didn’t make a ton of money, $4,237.14 to be exact, but it was an awesome learning experience, and I’ve got several others lined up right behind it.

    I’m not going to sugar coat it, creative real estate investing is much more involved than it looks. There are so many little details to it. Without this program, there is no way I would have done this deal. Absolutely no way. From how to close a subject to outside of a closing attorney to how to make sure the deal didn’t fall apart with the new buyer a few weeks later; it was a lot. But this program covered everything, and the mentors were available when I needed them.

    I wouldn’t recommend a beginner try to dive into creative investing without a mentoring team behind them because there is so much to it. But if you can get into this program and work with Phil, you’ll be all set.

    Bottom Line: Yes, I would recommend this to a friend

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