My understanding of the terms of the program (from what I was told in my initial consultation with the representative) was that the students pay an upfront fee to get the education and then students do all the work and give away half of their profit. Hence I left the review...
After leaving the review, Phil contacted me, on the call he explained the program to me. Turns out, they don't take away half of your profits but instead, it's a profit-sharing model where you find deals and Phil uses his money to fund your deal and then split the profits. Which I think is reasonable...
Bottom Line: Yes, I would recommend this to a friend
16 people found it helpfulLink to this Review
Daman's revised review is still not accurate. I appreciate his attempt to amend his previous highly erroneous post, but unfortunately, he still didn't get it right this second time around. He's a banker by profession and thus, his only understanding of real estate investing is the traditional way. And it's his deeply embedded traditional real estate mindset that is preventing him from fully understanding how our program works.
Our program mentors people on creating profits from real estate deals which wouldn't have otherwise existed if not for our tutelage. We share in those newly created profits 50/50. It's based on the fundamental truth that 50% of something is a whole lot more than 100% of nothing.
And to produce those profits, requires a multitude of highly specialized skills, such as how to find the very best deals, how to structure those deals for maximum profit with the least risks as well as how to organize the closings to hopefully avoid funding altogether, just to name a few. We have literally invented techniques that enable us to do things that most other investors right now have no idea are even possible.
Meanwhile, a traditional investing mindset person values funding over everything else (like Daman) and therefore considers splitting half the profits in exchange for funding as a reasonable arrangement. We disagree. Funding is simply not that valuable. At no other point in history has there been more access to funding for real estate deals. There are literally thousands of funding sources in America begging to fund investors deals right now. We even have a free resource on our website, called "Hard Money Locator", which helps you find those sources. Funding is everywhere and cheaper than ever. To conclude that because we fund deals for our people, that our 50/50 profit sharing arrangement is reasonable, is missing the entire value that our program provides. Rather than funding, what's truly the most valuable part of real estate investing is knowing exactly how to find, structure and close deals; which is at the core of what we provide. We teach our people how to be first class, market leading real estate investors and these days, many of the top real estate investors across North America got their start with us.
I don’t understand who could be that dumb to sign up for this program with the terms that they have. Here is how it works:
You pay the hefty amount of money upfront, $25000.00, to get "Education" (that is available for free on other sources), and then you pay them HALF of what you make, HALF! You find leads, you find financing (IF you are lucky, they will lend you money on interest), you deal with repairs selling and assume ALL the risk there is AND THEN they will come in and take HALF. Why? Because they gave you education and support which you have paid heavily.
After my initial consultation, when I said NO to the "director' who was talking to me, he started basing my current situation. I ran away and never looked back.