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Updated about 9 years ago,
Should I Trust this Mentor?
I have a guy who responded to my ad who said that he would like to be my Real Estate Mentor. He told me he is a 50 year old millionaire from CA and he has fourteen students. He usually has one student in every area and he needs his first one in Washington DC (which would be me). He says my job is to simply Identify, Qualify, and Package and he would use all his money and resources to close. It would be a Wholesaling mentor ship and I would do the legwork and he would negotiate and use his resources to close. He would use his first three weeks to teach me and he says he charges 1500 just to weed out all of the people who are playing around. He said I wouldn't get paid until 35 to 65 days when the first estimated wholesale deal is done. We would share the profits 50/50. Then he said usually in six months time it is not uncommon to be doing four wholesale deals a month equaling over 20,000 dollars a month. One weird thing he said was that he doesn't use Paypal or Credit Card for the 1500 dollar payment so I do have concern that me may just disappear after the 1500 dollars paid. I am only 21 and 1500 dollars is a lot to me right now. What do you guys think about this? Is this a good decision?
Link to his website below: