Advice on Mentor Programs. How to vet them?

[Jeremy Willis]

Recently I attended an event (only two of us showed up) in my local area. The format was pretty typical with the presenter showing success stories of people who worked their program. At the end he broke down the cost of their product which is a whopping 14K. He then took us to a different room which we had the opportunity to sign up to get this content for a monthly fee of $200.00. 

This $200 membership basically, from what I can tell, is a mentorship program and actually sounded very appealing to me. I would get to watch and and participate in putting deals together. Tuesdays and Thursdays I would have access to meetings about deals and one on one time with individuals. Access to all the different team members is available. When they feel I'm ready I can start handling my own deals. So, I get it, they're providing value and charging for it. I'm sure the idea is that only a very low percentage of people will be consistent and achieve whats possible, but that will benefit everyone.

The problem is when I pressed for more information I got the run around sales talk. When I asked if I could take the paperwork home to do my due diligence I was told no. I imagine this guy might not have known the answers to the questions I was asking and might get a kick back for signing people up. So I just got his card.

This peaks my interest very much (they have a "sapphire plan" that specifies in commercial. That's what I'm interested in). How can I get more information? What are some textbook pitfalls or red flags to look for?

[Greg Dickerson]

@Jeremy Willis this sounds like the typical seminar funnel circuit designed to get you in at a low price and only give you enough info to get you to purchase the next level of whatever they tell you you need. Very predatory.

The presenter often has no experience and have never done any deals. They are pros who get paid to sell from the stage and get you in the funnel and they make an override on everything you buy in the future. 

There is a lot of great info out there on how to invest in real estate including commercial.