I’m a retired contractor. I’ve pretty much seen it all. I bought my first investing course back in the 80s from a guy named Carleton Sheets. It was interesting, I learned some new terms, but it didn’t connect all the dots, it was missing several important pieces of the puzzle, so I was never able to close any deals with it. That experience turned me off to real estate investing courses altogether. I’d see these free seminars come to town and just roll my eyes. I got to the point where I just assumed every real estate “guru” was just a slick talking salesman that made their money selling a pig in a poke.
Recently, after retiring though, I started getting back into the idea of investing and ran across Phil’s videos. He seemed different. I must have watched 50 videos and my attitude toward real estate investing gurus changed because of him.
Rather than try to piece together everything on my own, I liked the idea of having someone by my side to walk me through the process from start to finish, so I applied for his program.
The interview process was lengthy, but that encouraged me because I could tell that they weren’t just after my money; they really drilled me on all kinds of questions. Being a contractor for 30 years, I can smell a rat from a mile away, and I never got that feeling from anyone on his team. They were very genuine. I got accepted and joined the program. That was about six months ago.
My first deal was tiny, only made about $5,100, but it was my second one that just closed, which was really nice. It made a little under $36,000. The seller was terminally ill and actually passed away before we were able to close, so it kind of stretched things out, but the mentors were there to help me get through it. In fact, right before the closing, mentor Brian was able to give me some advice and a technique on how to handle a seller objection, and it put an extra $3,500 in my pocket. We put a little bit of work into the house, but not much at all. The real key was in how it was structured using creative financing and how it was sold in such a way that it created a bidding war.
In full disclosure, after that second deal closed, I was asked if I would be willing to write about my experiences with the program somewhere online. So I googled, and this site came up, so that’s why it’s here. I don’t know if it’s in the right place or not but I was happy to write this because Phil and his team and Freedom Mentor are fantastic. They filled in all the cracks, provided all the missing pieces, and I’ve made real money from this. And I’m now a believer. There is such thing as an honest real estate guru.
Bottom Line: Yes, I would recommend this to a friend
My husband is doing this with Freedom Mentor and we have two houses at closing, and we are having issues with title companies. Did you have this issue? If so, how did you correct it because his first two deals are similar to what you explained, however, we were lucky and these houses were already updated.