Investing Mentoring Scam

[Jennifer Parrott]

I really need some advice. My husband and I signed a contract to be mentored by a real estate investor in San Antonio, Texas. We also made two separate investments to flip a house together, a total of $21,000. Shortly after, he started flaking on the mentoring and I quickly became suspicious. We met with him and recorded him telling us about all he had previously promised and more. He has now stopped returning our calls. Has anyone had this happen to them and do you think we have a good case for lawsuit?

[Rick Pozos]

I am so sorry that this has happened. For the future, there are so many people here on BP that will help you get started or even give you advanced type of information for free. All it takes is becoming collegues with them and asking a few questions. You paying for lunch or dinner should get an hour of "free" information. No one on this website should have to pay anyone a mentor fee or go to any classes because there is so much information here. 

I have had several people call me up, take me to lunch and ask a 1000 questions. I know that they would have paid thousands to take a class of the info that i give out for free. After the lunch, some people never call back and do nothing with real estate. Some take the advice and start doing something. I am always here for questions. I think there are so many people also who will answer questions without charging. I have even met people out at properties because they want to know if they have a deal.

Reach out, there are many people here that are willing to help now and in the future including me.