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