One of the most tragic mistakes newbie real estate investors make is thinking that they can figure out what to do on their own, just by using online sources and stumbling along in the real world. I tried it. And I'm very, very intelligent. It's so expensive and so inefficient to go about it that way. Joining the Freedom Mentor Apprentice Program was the best real estate decision I have ever made. Agreeing to share in half of my first $500,000 in net profits with them seemed scary at first. Then I thought to myself, how much money have I made so far, bumbling along the last 2 two years on my own? Oh, yeah, close to nothing! Why should I be so concerned about sharing in profits that don't exist? Once it dawned on me that 50% of something is a whole lot more than a 100% of nothing, I joined. And for the first 5 months, I thought I was doing everything right but hadn't closed a deal yet.
I got on the phone with Phil, explained where I was at and asked what I was doing wrong. He gave me a few small suggestions but perhaps provided the most powerful advice I could have been given. He said, "You are doing almost everything right. DO NOT change course. Stay the course. You're 3 feet from gold, you just don't realize it yet." He was adamant that when anyone does exactly what I had done, the odds were so stacked in my favor that several deals were inevitable to roll through very soon. And it happened just like he said! All the sudden, I had 4 deals working and now, a month since that avalanche of deals came in, 2 have already closed, the 3rd one is closing this week (Phil is funding the deal) which should make a little over $200,000 (yes, that is the real net profit on a single-family home flip); and the 4th one is closing the end of next week. My half of the net profits on those 4 deals will be more money in my pocket than I have made in several years at my job. And the best part is, I can duplicate these results over and over and over again.
Getting mentored by Phil and his team (which they are amazing too) is worth every penny of the cost. What I have learned is that you are going to have to pay for your real estate education one way or another. You can't get around the cost. Either you'll pay for it in the real world with mistakes, lost opportunities and years of failures. Or you will get there MUCH faster by paying a great mentor. The real cost of real estate investing education is high, but it's better to pay for it in profits you would have never obtained otherwise. Whether you decide to join Freedom Mentor or not, remember that the cost of your investing education is significant. You won't get around that part. My dad used to say, "There are two guarantees in life, death, and taxes." Well, there is one guarantee in real estate, the cost of your education.
Bottom Line: Yes, I would recommend this to a friend
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