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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37 Consumer Reviews for Freedom Mentor

Average Consumer Rating: 4.5
Rating Snapshot:
5 star: 32 4 star: 0 3 star: 0 2 star: 0 1 star:  5
Bottom Line: 84% would recommend it to a friend
Showing 1-11 of 37
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  • 66 out 71 people found this review helpful

    The Real Deal

    • Jul 7, 2015

    This article appears to be a reasonable attempt to assess the company and the program based on the bits of data the author collected online but there are several problems with the above post that need to be addressed. From someone who has been in the program a while:

    (1) The only source this author sites for views on Phil's program (and its supposed general skepticism) is an extremely biased website that is edited by moderators that despise any outsiders who mentor investors besides themselves. Meanwhile, there are plenty of videos out there of people who are absolutely thrilled by the program. Later, I will touch on why some of the people in the program are hush, hush about how good it is.

    (2) Short Sales Galore? Where did the author come up with that idea? Maybe back in 2009 when short sales were red hot? Of course Phil's program stressed short sales back in the short sale heyday. But times have changed, as have the deals Phil's students do. Phil keeps his students up to date on deals that are closing, how the deal was structured, etc, and I can't remember the last time he mentioned a short sale closing.

    (3) Steep Price? Says who? If you make a ton of money through the program, then it's a bargain. What so many people fail to recognize is that vast, vast, vast majority of people never make any money in this business no matter how many blogs they read, networking meetings they attend or hours they put in. Most people fail miserably at this. And 50% of something is a whole lot more than a 100% of nothing. I believe the most expensive way to go about it, is going it alone. I feel like what Phil charges is a bargain for what you get out of it. But then again, if you can't afford to be in it, certainly you would consider it a steep price.

    (4) Qualifications: Phil turns down people based on location, such as if he already has a student in the area. He also turns down know-it-alls and people that he thinks are going to be a nightmare to train. He definitely weeds out those that are broke. Some people get so pissed about that because he started off homeless. But from that experience, Phil learned that if you are broke, its so much harder to actually succeed with this. Better to save up your money and then get going with a little bit of seed capital than try to do it on a shoestring budget.

    (5) Not One Size Fits All: The reason why there are different upfront costs to join is that he doesn't have a one-sized-fits-all approach. They try to put together a plan that fits for each new person. Some choose to pay for a higher level of service because those who pay the most get the most hand holding whereas some folks come in with a tremendous amount of previous experience and don't need nearly as much hand holding.

    (6) Not For Everybody: Phil's program is not for everyone. He isn't looking to help people do their first deal. His goal is to train up people to be the leaders in their market. To dominate every other investor in their area. A lot of people aren't that serious about this business. Most people are dabblers. At least that is who I have met at REIA meetings over the years. He only brings in those people who his team and him feel are extremely committed to knocking this out of the park. I really like the other people I have met in the program because we all have at least one thing in common, to be the best investors in our respective area. His attitude in business is that this business is very competitive and you either lead or you get squashed. He's training people at an entirely higher level from anything else I have seen out there. And once you're inside the inner circle, although I can't speak for everyone, there are plenty of apprentices that would rather keep their mouth shut about their success because they don't want to draw any more attention to the program. They know how powerful it is and they'd rather keep it all to themselves. Small example: Phil has developed ways to find motivated sellers that no one else has can replicate which he never brings up anywhere except for when you join and it's little things like that, that give us a competitive advantage. Some of his students have visions of expanding their territory someday and would rather have areas around them stay open rather than get filled up. I'm happy with my territory so I'm cool with telling it like it is.

    Bottom Line: The program is the real deal if you can afford it and you can get in.

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

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    • Oct 31, 2014

      HighYa Team,

      Hi Michael,

      Thank you for a detailed review. We felt compelled to address some of your points: 

      • Point 1: Most of the "glowing" video reviews are very likely affiliate-based (http://www.freedommentor.com/affiliates/). After doing so much research on so many products, it's pretty easy to spot affiliate reviews vs. legitimate ones.
      • Point 2: Phil posted a video as recently as about a year ago (http://www.freedommentor.com/free-training/secret-short-sales-foreclosures/) gushing over short sales. In addition, purported students of his have posted their short sale success stories as recently as last month. Curiously, they were all posted the same day, lending credence to the affiliate point above (see: https://www.youtube.com/watch?v=pW7vUZvlzHw, https://www.youtube.com/watch?v=coR-pXwCmQw, and https://www.youtube.com/watch?v=BvpM64nj29o).
      • Point 3: Most of us normal folks think $45K is expensive, especially considering that Phil will take a commission from each of you sales until he's earned an additional $100K off you, on top of the fee. BiggerPockets (http://www.biggerpockets.com/forums/92/topics/112382-freedom-mentor) can provide plenty of examples of experienced RE examples who think it's too expensive and provides a low cost-to-value ratio.
      • Point 4: Considering the hard sell tactics that many people claimed to have experienced (see the reviews in the previous point), it's fairly clear that Phil doesn't hand pick each person who signs up for the program, and that qualification appears to be based more on credit card limits than worthiness.
    • Dec 17, 2014

      Michael,

      (1) That affiliate link redirects to the home page when I go to it? I don't think Phil has an affiliate program? The videos of others experiences I'm referring to don't have affiliate links.

      (2) That video shows a date of March 25, 2010 on YouTube. That's over 4 years ago. Those other videos you referenced look to be stealing Phil's videos from his channel and putting them on their own channel?

      (3) I don't know where $45K came from? But no matter because we can agree to disagree on the cost vs value.

      (4) I can't speak to that. I didn't have that experience and those I know in the program didn't tell me they had that experience either when they joined.

    • Mar 25, 2015

      Sarah

      I think I made a mistake in revealing the amount of capital I have access to. I was told it's $15-$20k to join and then profit sharing until I reach $500k. On top of that, after the information was shared with me, I was told I have 24 hours to accept the offer into the program. These numbers seem to be much higher than what they are asking other apprentices to pay which makes me extremely skeptical! However, the program does sound rewarding. I would like to hear true stories from people who have participated. Trying to find this information in less then 24 hours is difficult and maybe the truth isn't as great as they make it seem and a reason for the hard sell.

    • Apr 15, 2015

      Josmonon

      Sarah I agree with what you say. Looking back on all the conversations I had with the interviewers, they were very particular in asking how much money I have. When I refused to tell how much I have (it was kind of blunt for a random stranger to call me and the very first question they ask is how much money I have), then immediately he said it is not going to work between them and me. And then for argument sake, I said I have 25k and they offered me 3 variations of the program one each with 7K, 10K and 15K. So I wonder what packages they would have offered me if I said I have 5K. While I diligently went through Phil's training videos on his website, asking upfront money does not make sense when there is going to be profit sharing. Why can't they deduct whatever fee they think the training will cost in our first deal?

    • Apr 16, 2015

      Josmonon

      Sarah - Really where you told it is 15K to 20K? How long ago did you interact with them. I had a conversation with them just last week and I also made the same mistake of revealing the capital I had. They offered me 3 type of packages - 7K, 10K and 15K. Did they offer you 7K and 10K packages at all? If not, then it looks like everybody gets a different price depending on what they say they have saved up. That is not good and honest of them if this is the case.

    • Jun 4, 2015

      Niall,

      Such a scam.

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  • 23 out 27 people found this review helpful

    Authentic

    • Tulsa, OK,
    • Jun 25, 2015
    • Verified Reviewer

    I had a very different experience than what Lisa wrote in her review. There was no pressure. Instead, it matched up with what Michael Lear wrote. I really wanted to join but was turned down due to my location being Tulsa, OK. Apparently Phil already has a successful student in the area that is doing very well. I can assure you I have plenty of money, was more than willing to pay for the $15,000 level program and still got turned down. So I'm very disappointed I couldn't get in but I agree with Michael's comments that Phil is the real deal. For someone to turn away $15,000 to ensure an existing student doesn't have direct competition is putting your money where your mouth is. Say what you will about him, but I love his YouTube videos and have now experienced that he is authentic, even if it didn't work out for the best for me.

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

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  • 1 out 2 people found this review helpful

    Amazing

    • Sep 10, 2016
    • Verified Reviewer

    Phil’s teachings helped me earn my first $2,750 (CAD) yesterday. You're amazing Phi,l keep up the great work. God bless you!

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

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  • 5 out 5 people found this review helpful

    Great Results

    • Richmond, VA,
    • Sep 29, 2016
    • Verified Reviewer

    I have been using Phil's methods with great results and for the past year and a half me and my family have bought 5 apartments.

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

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  • 3 out 3 people found this review helpful

    An excellent program, really great mentoring

    The “Real Deal” comment by Michael said it all. The author of this webpage probably did the best he could with the fragments of information online he could piece together but he didn’t provide an accurate and authoritative description.

    Joining Freedom Mentor was the best real estate decision I have ever made. Phil and his team are operating on a totally different level than anyone else out there. I know this because I beat out competitors that have been in my area for 10 years more than me and have far more connections and cash. When you work with the best, you can become the best yourself.

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

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  • 1 out 2 people found this review helpful

    Glad I Joined

    Phil’s entire crew is top notch. We can’t believe how good it really is, now being on the inside looking out. So glad we joined.

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

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  • 1 out 2 people found this review helpful

    Thank you Phil

    • Oceanside, CA,
    • Oct 28, 2016
    • Verified Reviewer

    Phil and Freedom Mentor, I cannot thank you and your staff enough for all you did for me. May the Lord continue to bless and favor you and your family. Thank you so much.

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

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  • 4 out 5 people found this review helpful

    Freedom Mentor the Awesome of Awesome!

    You get out, what you put in. I have hustled to follow what the mentors have told me to do and its worked out well. Closed plenty of deals, made great money, and my pipeline is full right now.

    Don’t get me wrong, it takes work; but I not complaining one bit about having the opportunity to work alongside such experienced investors who are also gifted teachers. It’s not just Phil who is awesome. He has an amazing team that has been with him for a long time. They can finish each other’s sentences.

    For anyone seriously considering this program, make sure you are ready to commit time and energy because it works if you work it. But don’t listen to some of the noise written on this web page either.

    Whoever wrote it definitely did not know much about it. “The Real Deal” comment by Michael corrected the majority of the errors in the article, though.

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

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    • Dec 17, 2016

      Charlane Meyer

      Can I speak with you please @seguinvegan? It's a Yahoo account.

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  • 3 out 6 people found this review helpful

    Good product

    I really do not have a word to say except that Freedom Mentor is the best of the best.

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

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  • 2 out 4 people found this review helpful

    Incredible mentor

    • Evansville, IN,
    • Jan 1, 2017
    • Verified Reviewer

    Best real estate investing mentor ever. Wish I would have started working with him 5 years ago. Better late than never.

    Bottom Line: No, I would not recommend this to a friend

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  • 6 out 9 people found this review helpful

    Way to go Freedom Mentor

    • Jan 2, 2017
    • Verified Reviewer

    They have 11 Million views on their YouTube channel and they don’t run any ads on the videos. As a YouTuber myself, I can tell that it is extremely rare. If they did, they could have already collected $200,000 - $250,000. Walking away from that much cash is a serious display of someone’s motivations. I asked him in a comment about that and he said that he didn’t want to bother people with ads while they watched his videos because he hates it when he is watching a video and gets hit with ads. What an awesome example of putting others before profits. Say what you will about them, but I think this company is amazing.

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

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    • Jan 22, 2017

      Ryan

      While it is true that Phil doesn't run ads on his videos, your estimates of $200-250K are completely inaccurate. It is well established and documented that per million views, people earn about $500-$2,500 depending on the time of year, and ad buys going on.

      Anyone can verify this in many ways, perhaps most easily by searching "how much I make on YouTube." So,11 million views are equal to around $16,500 if you want to do an average of $1,500. The number one reason why people don't run advertisements because it would be off-putting to viewers, it is probably not worth the small amount of money compared to other opportunities. I really like Phil and his videos, but I can't let that one slide.

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