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Updated almost 7 years ago on . Most recent reply

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24
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Karlyn Brasselmon
  • Real Estate Professional
  • Saint Louis, MO
3
Votes |
24
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Is it worth it? Real Estate Coaching

Karlyn Brasselmon
  • Real Estate Professional
  • Saint Louis, MO
Posted

Hello Everyone,

A couple of weeks ago I paid a guy $500.00 to start coaching me in real estate. He seems pretty legit but I am wondering, is the cost of $500.00 per month really worth it? I had did a little research on it and they were stating that real estate coaches were highly effective.

Most Popular Reply

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1,047
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596
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Travis Sperr
  • Lender
  • Denver, CO
596
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1,047
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Travis Sperr
  • Lender
  • Denver, CO
Replied

$500 a month for a valid coach that can help you get going is a steal. not enough information to give a full answer but here are some things to consider.

Is the coach actively doing deals? Doing the type of transactions you are interested in? do you have the ability to do a deal if one is presented to you? Does he have other students? have you vetted him through the others? What do you get for $500? When should you expect to do your first deal?

I paid $10k for my 1st mentor - in the program you had to do a deal - I profited $25k on the deal 6 months after starting  - minus the cost of the mentor it was the most money I ever made at one time. Then I took that knowledge to do a handful of deals and always had the mentor as a resource. So it depends on who you are working with.

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