Rehabbing Course/Mentoring Services

[Tara L.]

ALL:

I would like your opinion about an opportunity I was approached with via email. I'm familiar with the group responsible for the rehabbing course/mentoring services(I took a course on "Flipping Foreclosures" with them). The course contained a lot of material I already knew, but they did teach me things about bank-owned properties and how to go about wholesaling foreclosures. I paid quite a bit for the course and I'm still in the process of trying to complete my first deal, but things are not going as well as I anticipated in my current market.

Recently, I talked with one of the instructors and he has a Rehabbing Course he's about to start soon. He said he will take on 10 students for the course and you can choose from 3 options: 1) He'll teach you and walk you through your 1st rehab; this option is $10,000. 2) Going to the center for class is optional, but he will do 3 rehabs for you and you split the profits 50/50; this plan is $18,000. 3) You don't go to the center at all and Juan will do 3 rehabs for you(I don't think you're splitting the profits on this one); this option is $29,000. What are your thoughts on this? I told him I would get back with him soon about it.