Mentorship Program Questions

[Hassan Johnson]

**disclaimer** I tried asking this question in an older post but never got a response.

I've been straddling the fence for a while to get started in real estate investing but with the flurry of information out there it has made the whole process of getting started more and more complicated close to the point of being disillusioned with the thought of even trying. Fortunately, I've run into a wonderful real estate investors organization in south Florida that has provided me tons of info, networking opportunities and even a mentorship program that I am considering and fielding feedback for through this post.

In BP I've seen differing takes on the matter of paid mentorship programs and I'm not necessarily debating the fact of having to pay but more so of what are the takes on this and possibly the experiences of having gone through one. Essentially the program comes in two pay levels:

The first level gives:

a mentor assigned to you

student support classes

access to the association's buyer list (over 20 years of growth)

free negotiations on short sales

club membership for 6 months

all deals the mentor helps put together will net you 50% of the profit

transactional funding

ticket to a 2-day boot camp about everything real estate investor

6 months paid access to lead generating software (similar to list source but catered to the south Florida market)

The second level gives everything the first level does plus:

free setup and filing of corporation

alta star subscription for one year (site used to download all contracts needed that have been licensed by Florida REALTORS and The Florida bar)

funding for rehabs

proof of funds letter

mentor assisted seller presentations

1 year paid association membership

hard money for deals

spouses can join free

business cards with investor kit

one year paid access to lead generation software

Essentially the first level is more for wholesale flipping and the second level is for rehabbing. The cost for the first level is $14,995 (sans the boot camp payment since I've already attended) and $27,995 for the second level. Since I don't have those types of resources laying around I would essentially have to get a loan for either of these that would, unfortunately, cost me more than I can afford monthly at this time. I love the fact that I can be mentored by professionals who have been doing real estate investing in south Florida for over 20 years, can have all of my deals funded by them, can shadow them as they talk to potential sellers and buyers and can network with a sizeable amount of other students that have also sacrificed to get into the mentorship program but the price point has hindered me thus far.

In the past I've paid for courses and info that have gotten me as far as I have gotten but I see the mentorship program as being the fire that I need to hit the ground running in investing (alongside the fact that if I'm inactive within the program for more than six months that I would have to repay and start all over - so there's that) as well as the few students that I've seen, see success through the program AND the mentors themselves being diligent in helping their students acquire profits.

I apologize for my loquacious post but I wanted to make sure that I provide all the info one would need to give an accurate opinion and aid in my issue. Any and all help is greatly appreciated.