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Updated over 5 years ago on . Most recent reply

User Stats

21
Posts
1
Votes
Nathaniel Harris
  • Flipper/Rehabber
  • Gainesville, GA
1
Votes |
21
Posts

Need help is it worth spending $1500 a month for 6.5 months

Nathaniel Harris
  • Flipper/Rehabber
  • Gainesville, GA
Posted

I need help with deciding is it worth spending $1500 a month for 6.5 months on a coaching/partnership deal. Know a little bit about my situation is that I'm just starting in the real estate industry and I'm on limited funds. I really was just going to do my mailers and maybe some cold calling to start with. I don't want to rush or force myself to spend that kind of money, but I'll explain a little bit about the coaching/partnership program. What this program does is they run the comps, tell you what you should offer, fund the deal 100%, fund the rehab 100%, no funds at all needed starting out, but the $1500 a month is steep. I truly understand that I have to invest in myself and I see the value in it, but i just dont want to put that kind of strain on myself and my family. I would appreciate any response if anyone can help me with this thanks.

Most Popular Reply

User Stats

13
Posts
24
Votes
Ethan Grier
  • Rental Property Investor
  • Plymouth, WI
24
Votes |
13
Posts
Ethan Grier
  • Rental Property Investor
  • Plymouth, WI
Replied

Like @Michael Goldsmith said, it isn't super clear what you're getting out of this deal. Paying 1500/mo to watch someone work would not be something I would spring for. Don't buy into the 'invest in yourself' guru hype. There are SO many resources available for free. You could spend months if not years learning for free. If you have $10k to spend on a mentorship program, honestly just use that money to buy a deal. 

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