All Forum Posts by: Diana Devine

Quote from @Esther Ghany:

I recently came across this program. Honestly, the program is not worth $8000 for 3 months. You have to stay in the program longer to succeed. That comes with an additional $500 per month after 3 months. If you cannot afford the monthly payment you are immediately removed from the platform. If the Palak and Niti are in the business of helping people achieve wealth as they claim in the program, then why some many others left with no help after 3 months? This to me is unfair practice. They claim you need seed money of $25k to join, however, after they take 8000, and the accountant whom they recommend takes $1800.00 upfront for setting up an LLC, the amount you are left with is not enough to invest. If you are a new investor every lender asks for 20-25% down on your first deal. I believe this information should be shared before they take your 8000.00

Open Spaces program created a Facebook page (for Alumni of the program) to allow all cohorts to communicate and ask each other real estate investment questions even after the 3 months program closed. On this page, we could share wins, struggles and help needed.  Then 3 weeks after we completed our course, they kicked everyone off the page and created a new page with limited access, we could no longer post questions and learn from one another. This new page was really for marketing the Open Spaces program's agenda and not really helping investors on their journey. None of us understood the reason for doing this. I am part of several Facebook pages with Agents Invest (Jennifer Beadles), Bigger Pockets Money (Scott Trench and Mindy Jensen), and Afford Anything (Paula Pant) communities and I have never paid a single penny for a course. I go to these pages whenever I have a real estate question where I need immediate investor feedback. Make an informed decision on what your true needs are!

Quote from @Esther Ghany:

Quote from @Diana Devine:

Sharing my feedback again here.

Hey Bigger Pockets family. I looked for this honest feedback of this
program before we joined and could not seem to find it anywhere (this
may be intentional). My husband and I took the plunge and signed up for
the dedicated course in Feb 2021. While we were already investors in our
home market, we wanted to hone in on the BRRRR strategy and do it out of state. I will share both the positive and the negatives and you can make an informed decision.

We were drawn to this program because as an engineer with little
interest or time to swing a hammer. We were interested in learning how
to develop proper systems. We also wanted to fill in any gaps in our
understanding of the BRRRR strategy before jumping in head long.

1) Their coaching product was detailed and easy to understand. They
shared a lot of their personal and investing journey, lessons learned
and successes which made things relatable. They also shared templates
that you can use to analyze deals, checklists for closing on a deal, and
more practical templates. These were all positives. This is all
information you can find in the shared testimonials on YouTube.

2) They share connections for lenders (HML
and long term financing). None of these are necessarily a one size fits
all. This will ultimately end up being work you do on your part to find
what works for you. They make recommendations but none of these turned
out to be ideal for our business or for many in our cohort.

3) At the end of the program my husband and I were under contract on two duplex properties out of state using the BRRRR
strategy. We were one of three in class of ~30 individuals (small or
large, you judge) by the end of the 12 week program. We had anticipated
this number would be in the 80% of the class range under contract.

4) In hindsight, we achieved our goal of getting confidence to take the plunge out of state using the BRRRR strategy that many on BP here explain in detail. Would we pay the same amount for this information, my answer would be NO.

5) My feedback for the program if they see this comment, provide an
avenue for students of the program to share their feedback about the
service you offer. Many in my cohort would have loved to share their
positive and negative feedback with you so you can make it even better.

Finally, the views shared here are all from my experience. They are
not meant to adversely impact any business or individual directly or
financially. I cannot share any propriety information or specifics
shared during the course. Please do not ask me for it.

 Just to add...all negative feedback is wiped off the platform in seconds. 

Hi @Esther, I found the same. I looked everywhere for feedback before we signed up and could not find it. Then they rushed us to make the payment and commit within 24-48 hrs.

Thankfully, Bigger Pockets has retained all our feedback both positive and negative. Now I see they sent some former students to share their feedback on here as well. That is great! I was one of their success stories and I do not recommend this program. Save your seed money and invest in a different program if you need the hand holding. I listen to Chad Carson and he is much more honest and relatable. He is not using you as a mere cash cow.

Quote from @Kirstin A.:

Quote from @Thomas M Pham:

After doing their program. Not worth the money and never even got to speak with them. They try to hire everyone else to do the work for them. No one on one guidance. Worse mistake! Save your money. 

Hi Thomas Pham - thank you for the response. Which group are you rating here, Wrein or Open Spaces?  I’m in Open Spaces now as well as another group (not Wrein but one I really like as well! But my response here is about Open Spaces) OS is excellent. Small group under 250 people, so you have personal attention. Excellent customized spread sheet. Their Zoom Lives are twice a week where you can talk directly to the owners and ask questions. You can have your deal analyzed once a week, it’s not one on one coaching of course, but excellent non the less. The weekly topics are always thoughtful and the mindset training is excellent. They encourage accountability groups and that has been positively impactful as well. You do need to finish all their modules, do the homework and show up to take advantage of their teachings.  I’ve had nothing but a positive experience and even purchased my first Brrrrr after two months of training. If it was their program that you were challenged by, I’m sorry to hear so and I wish you the best. 

The feedback here is to assess if this Open spaces program is worth the $8000 investment. My feedback is that it is NOT! If you have not paid, save your money. If you have paid, like we did, swallow the pill and learn what you can. I recommend people try out other real estate teachers like Coach Carson or Agents Invest with Jennifer Beadles. Full disclosure, I have not taken either course but listen to Carson's podcast and used Jennifer's deal finder resource and follow her Facebook page for real estate investors) for better training that will not drain you of all your seed money.

 
Ditto ditto @Nancy Maignan. I thought it was so relevant in this day and age to share our honest feedback about the Portfolio Program. If I had found out about this feedback prior to paying $8,000, I would have gladly passed on it. Coach Carson, Paula Pant, Agents Invest by Jennifer Beadles etc all have options that are free or much cheaper than this.
 @Nett Victoria, @Candace DeSouza and @Emma Chen  I am glad you made informed decisions that are best for you.

Sharing my feedback again here.

Hey Bigger Pockets family. I looked for this honest feedback of this
program before we joined and could not seem to find it anywhere (this
may be intentional). My husband and I took the plunge and signed up for
the dedicated course in Feb 2021. While we were already investors in our
home market, we wanted to hone in on the BRRRR strategy and do it out of state. I will share both the positive and the negatives and you can make an informed decision.

We were drawn to this program because as an engineer with little
interest or time to swing a hammer. We were interested in learning how
to develop proper systems. We also wanted to fill in any gaps in our
understanding of the BRRRR strategy before jumping in head long.

1) Their coaching product was detailed and easy to understand. They
shared a lot of their personal and investing journey, lessons learned
and successes which made things relatable. They also shared templates
that you can use to analyze deals, checklists for closing on a deal, and
more practical templates. These were all positives. This is all
information you can find in the shared testimonials on YouTube.

2) They share connections for lenders (HML
and long term financing). None of these are necessarily a one size fits
all. This will ultimately end up being work you do on your part to find
what works for you. They make recommendations but none of these turned
out to be ideal for our business or for many in our cohort.

3) At the end of the program my husband and I were under contract on two duplex properties out of state using the BRRRR
strategy. We were one of three in class of ~30 individuals (small or
large, you judge) by the end of the 12 week program. We had anticipated
this number would be in the 80% of the class range under contract.

4) In hindsight, we achieved our goal of getting confidence to take the plunge out of state using the BRRRR strategy that many on BP here explain in detail. Would we pay the same amount for this information, my answer would be NO.

5) My feedback for the program if they see this comment, provide an
avenue for students of the program to share their feedback about the
service you offer. Many in my cohort would have loved to share their
positive and negative feedback with you so you can make it even better.

Finally, the views shared here are all from my experience. They are
not meant to adversely impact any business or individual directly or
financially. I cannot share any propriety information or specifics
shared during the course. Please do not ask me for it.

Hey Bigger Pockets family. I looked for this honest feedback of this program before we joined and could not seem to find it anywhere (this may be intentional). My husband and I took the plunge and signed up for the dedicated course in Feb 2021. While we were already investors in our home market, we wanted to hone in on the BRRRR strategy and do it out of state. I will share both the positive and the negatives and you can make an informed decision.

We were drawn to this program because as an engineer with little interest or time to swing a hammer. We were interested in learning how to develop proper systems. We also wanted to fill in any gaps in our understanding of the BRRRR strategy before jumping in head long.

1) Their coaching product was detailed and easy to understand. They shared a lot of their personal and investing journey, lessons learned and successes which made things relatable. They also shared templates that you can use to analyze deals, checklists for closing on a deal, and more practical templates. These were all positives. This is all information you can find in the shared testimonials on YouTube. 

2) They share connections for lenders (HML and long term financing). None of these are necessarily a one size fits all. This will ultimately end up being work you do on your part to find what works for you. They make recommendations but none of these turned out to be ideal for our business or for many in our cohort.

3) At the end of the program my husband and I were under contract on two duplex properties out of state using the BRRRR strategy. We were one of three in class of ~30 individuals (small or large, you judge) by the end of the 12 week program. We had anticipated this number would be in the 80% of the class range under contract.

4) In hindsight, we achieved our goal of getting confidence to take the plunge out of state using the BRRRR strategy that many on BP here explain in detail. Would we pay the same amount for this information, my answer would be NO.

5) My feedback for the program if they see this comment, provide an avenue for students of the program to share their feedback about the service you offer. Many in my cohort would have loved to share their positive and negative feedback with you so you can make it even better. 

Finally, the views shared here are all from my experience. They are not meant to adversely impact any business or individual directly or financially. I cannot share any propriety information or specifics shared during the course. Please do not ask me for it. 

Hey Keeya, how did you address this hurdle of closing costs + commission. Approx 6% of purchase price. I am also looking at properties in the 400-500k range and plan to use an FHA loan. Any insight will be helpful.

Congrats @Omid A.. I am newbie at this and would like to shadow other investors like you currently working or rehabbing their projects. I live in Beaverton and noticed @Ben Miles is also from the area. Would you guys be up for grabbing a coffee or drinks sometime.   

Congrats @Omid A.  I am newbie at this and would like to shadow other investors currently working on their projects. I also live in Beaverton. I notice @Ben Miles is also from the beaverton area, would you guys be up for grabbing a coffee sometime.