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Updated almost 14 years ago on . Most recent reply

User Stats

10
Posts
1
Votes
Robert Goodspeed
  • Homeowner
  • Katy, TX
1
Votes |
10
Posts

Is this a good deal?

Robert Goodspeed
  • Homeowner
  • Katy, TX
Posted

A wholesaler has offered to teach me the business. The deal is that 1. I pay for his gas when we are riding together. 2. We split any deals that result from our riding together 50/50 and 3. I pay him the first $1500 of my share as tuition for his teaching me.

He supposedly has a list of 1500+ investors and has been doing this for about 20 years.

Is this a good deal? Is there anything I need to watch out for so I'm not being taken advantage of? Is $1500 a reasonable amount to pay for this knowledge? Or should I keep looking for someone else to help me get started?

Thanks, I hope I don't sound too naive.

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