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Updated over 2 years ago on . Most recent reply
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House Flipping Mentorship Program Reccomendations
Does anyone have a recommendation for which house flipping mentorship they recommend?
I've been looking into the following:
-Ryan Pineda, Future Flipper
-Thach Nguyen, Springboard to Wealth
-Sam Primm, Faster Freedom
-Pace Morby
Most Popular Reply
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Have to start by asking what your experience level is . . have you ever done a deal in real estate or will this be your first foray into the area? All of the "mentorship" programs you refer to are designed to first of all make money for the guru selling you the program. Is there useful information in the programs? Yes but the formula is all pretty much the same. Bigger Pockets offers a wealth of material both in the forms of books and audio programs that can get you the foundation. Join as a Pro member to access that material and you will have a great resource at a fraction of the cost not to mention the forums here to help you assess deals if you want. If you want someone to hold your hand and then have to follow every step of the way, the mentorship programs will be a start but without a deal to process, it is just information . . . .
Personally I would recommend getting immersed in the material you have access to here and understand the tools you will need before paying upwards of $10,000 and still not have a deal to work on. In many cases, your first property (flip or wholesale) will net you what the course woudl have cost but you will have spent the acquisition cost getting the program. I have talked to a number of people that bought the mentorship program and then had no money to do a deal and were stuck paying off a program that they received no benefit from..
So again, what experience do you have and do you have financial reserves / credit to do a deal if one comes across your desk? Also what area are you looking at flipping in and do you have the skills to do a cosmetic flip yourself or have access to trades people to do the work?
BP members are here to help . . . don't undervalue that resource