is this a scam or legit?

[Travis Bobo]

Hello, I am new to the forum and somewhat new to real estate investing. I have been in touch with the folks at Real Estate Sales LLC and FlipCheapHouses.com. They ha e a program where they send you leads of vacant homes and send you leads for cash buyers that allows you to get into wholesaling quickly. They also set you up with a mentor who has a vested interest in helping you do deals because they get a percentage of profits for the first year. the mentor is available by phone, email, or text 7 days a week and help you analyze and structure deals. They also guide you along in other areas such as flipping and buy and hold. Everything sounds legit and looks good on paper, but... I wonder if anyone hear has heard of them or has been a part of the training. Thanks for your help. Travis

[Derrick E.]

Originally posted by @Travis Bobo:

Thanks for quick replies.  One of the things that I like is that they focus mainly on wholesaling until you decide that you want to do something else. They evaluate your goals with you and help you work at your speed.  I like the comfort of knowing that someone as a vested interest in holding my hand, but I'm still a little skeptical.  That's not to say that the BP community isn't a big help.  You already have been. 

There are 3 levels

10k investment. 50/50 spilt on profits

20k investment. 70/30 split

30k investment . 90/10 spilt

If you want to continue after 12 months, the spilt is negotiable. 

I feel like it wouldn't be too hard for me to make a 10k-30k mistake on my own in the school of hard knocks. 

 No way would I pay someone else $10,000 just so they would take half of my earnings.

I think you could do better for yourself just using communities like this and taking $10,000 and to learn as young go.