REIA Mentoring Program: Is It Worth It?

[Jacob Beran]

Hey everyone! I am considering joining my local REIA's mentorship program and am curious to hear from others if it seems like a reasonable deal.

What it is: My local REIA offers a mentoring program that guides you towards your first 3 flips. They offer trainings, a list of preferred contractors, private money funding, and guidance along the way.

What it costs: $7,500 deposit (refundable after 3 flips) , $400 per month fee, 50/50 split on first 3 flip profits (no split for losses), and ~10 hours per week commitment.

I am looking to be more of a BRRRR investor long-term, but figured that this could potentially be a way to get mentoring to help find/analyze local deals and manage rehabs. I'd appreciate any thoughts people may have!