Paying 8,000 for Real Estate mentor?

[Jade Jamison]

I just signed up for an 8k real estate course. I only had 13,000 in savings, but figured spending over half to invest in knowledge was worth it. I paid late last night and woke up with some worries. I am unsure if I should reach out and try to cancel.

Do you think it is worth it to pay for a real estate mentor? His name is Zack Kepes, owns a lot of real estate (over 200 units) and has been in the business a long time. I spoke to one of his assistants, I am student #51. I am just breaking in and would love some guidance on how to build up funds and acquire my first property within the next 3 months.

Before buying the mentorship, I was planning to purchase my first property using an FHA loan in the next two months. I don't know which route is better. Having a mentor that might help me acquire properties quicker, or asking for my money back and going the traditional route to obtain my first property.

All advice appreciated!!!! Thank you (I'm 23 and fairly new to this)

[Jay Hinrichs]

Originally posted by @Shiloh Lundahl:

@Jade Jamison the truth is you don’t need coaching. No one really needs coaching unless they want better results than they could get on their own. People pay me to coach them in marriage, in parenting, in real estate, and in finances because they want better results then they can get on their own. What are the results that you are getting on your own so far?

YUP  sometimes we all need someone to talk to .. !!!   bounce ideas off of..  figure out why this person is doing this to us..

Real Estate training is or should be Training very specific to a niche..  my caveat to all of that is.. Real estate takes a few key ingredients to make it a worth while venture.

1. Person skills   Sales skills  communication skills  these can manifest into being a top agent where one can make very robust income.

2. If your not being transnational ( selling something to someone) and your going to simply do it by investing.. then you need CAPITAL and or access to Capital.  There are times in the economy that come around very rarely were limited capital can work but that is rare.. the money is made when you have Capital or access to it so you can do deals as a strong buyer.

Having been around the coaching world as an adjunct to what we do.. ( Vendor at events)  the folks I see that do well with specific coaching are generally folks that have already been successful in one business  have capital and want a fast track to learn certain parts of the business

those with limited or no capital and or go out on a limb and put training on CC tend to be very stressed both financially and emotionally IE what did  I do.. and their pressure to be successful in the first 3 or 4 months is immense.   And its for those folks that if I was asked I would say a better way to go is to work for someone in the industry and build your experience bucket getting paid..  Real Estate agents are perfect example.. a start agent is not a top producer in 2 months.. I have seen countless agents start on a team.. and within 3 to 5 years they are off on their own and building their own team.  So even with coaching if you dont have some of the other ingredients that you need to be successful its very difficult to actually implement the strategies you would learn.

That being said there will always be students who start with little and have some ingrained skill that allows them to achieve however I submit those are just like any sales organization top 10% ers.. not every one can be a top 10..