All Forum Posts by: Account Closed

Ken please let me know what else I can clarify for you. I'm meeting the DOL requirements but you're obviously not convinced that I am. Give me something specific that I can clarify for you before you make such erroneous accusations.

And I'm not "monetizing" anything. Everything about my site is free and I've never once tried to sell my subscribers anything.

Bill Gulley, yes I truly am trying to help the community out. You can judge me however you want in the fact that I look young (I get it all the time.) As far as professional qualifications go, I only have a CPA. I don't have any professional teaching or real estate credentials. Only the countless hours of research and actions I've been partaking in day in and day out for the past few years. In my opinion, I'm extremely knowledgable in the field of wholesaling and qualified to pass my knowledge on to others.

Chris Clothier, I also find my interns through the universities and offer them credit through the university if the intern wants it and if the school agrees to it. Once again, I am hiring these interns for their own benefit. Even if they don't work out in the end, they still get a great learning experience in the fields of real estate and entrepreneurship.

I try my best to give people a chance to succeed in this business, however, I've learned that you can't force others to succeed. The best you can do is to inspire them to achieve it on their own. That's all I really want.

It's fine if some people don't agree with my ideas, I just hope that some people can see the value I'm creating here.

Shanequa J. there isn't much of a difference between internships and mentorships. Just different names basically. The term internship is more likely to be used in a school related affiliation where the term mentorship is more likely to be used in a business related affiliation.

Here is a Wiki page I found that details the minor differences between the 2 terms: http://en.wikibooks.org/wiki/Designing_Professional_Development/Internship#Internships_and_their_Relation_to_Mentorships

And thanks Bill Gulley. I'm not sure why Ken Latchers was so "set off" by my posts here. But I want everyone to know that I'm not "exploiting" workers like Ken may have interpreted it.

I'm a big believer in the Law Of Attraction (do good things and good things will come your way.) I started my internship program in order to give back to the community. I want to inspire others to become real estate entrepreneurs just like others have inspired me to become one.

Does anyone else want to chime in with their input on this topic (preferably some positive input or at least some constructive criticism?)

Here are my responses to those requirements:

1. The training is all developed by me but is similar to what would be given in a school.
2. The benefits to the trainees if obvious: I'm teaching them how to wholesale properties and make money.
3. Trainees do not displace regular employees and they are under close observation.
4. No immediate advantage to me, whatsoever. It actually impedes my business quite a bit since I'm taking valuable time out of my day to train these interns.
5. Trainees are not necessarily entitled to a job at the end of the training period. I make the decision whether then are or aren't.
6. I make it very clear that the trainees will not be getting a salary or an hourly wage. Compensation is commission-only.

Please let me know if you have other questions about what I do or if I can clarify anything further. I'm not trying to run some illegal scheme here. Just genuinely offering my help to others.

I'm sorry you feel that way Ken Latchers. What exactly do you think is illegal about what I'm doing? I'm curious.

I can kind of see where you're coming from in that you think I am "exploiting" workers. However, unpaid internships are not illegal. I've done 2 of them myself and they were both great experiences.

I'm offering my time and services (for free) to others that want to start their own business. Most other people that do this CHARGE thousands of dollars for the same exact thing.

What you posted from my website is a simple sales pitch. Just to make it clear, I'm not hiring people, letting them do all my work, and then not paying them anything.

I'm teaching them how to flip houses on their own then splitting profits with them when they complete deals.

Please tell me how you think this is illegal.

Joe Bertolino the reason I have time for all those interns is because I have most of my internship program systematized. All the training is systematized so I literally hand them a document and they train themselves. Also, most of the tasks that I have them doing is systematized into documents that I provide them with.

My only basic function is to help them out when they run into roadblocks or get stuck on a certain task. Then, from guiding them through those roadblocks, I try to automate the process even more.

What things do you have your interns doing and how do you go about teaching them?

Sheila Griffin, I also have an intern who is very close to his first deal in the North Texas area. Shoot me a PM if you want to connect with him. I think it could definitely benefit both of you!

Hey everyone,

Just wanted to run this idea by the community and hopefully get some feedback on it:

In the past 6 months, I've been hiring unpaid interns for my real estate wholesale business. I've hired about 40+ so far and am actively working with about 10-15 interns. I'm basically teaching them step-by-step how to do deals by starting their own wholesale businesses.

Has anyone else come across this idea or has anyone actually been using this strategy in their business?

I'm curious to get some feedback on this topic to hopefully improve my internship program in the process.

Any and all feedback is welcome!

Welcome to Bp Trey Leigh. You will definitely be able to find a wealth of any real estate info that you are searhcing for on this site. It's amazing! And I definitely agree with you about passive income: it is king!

Welcome Sheila Griffin! I'm a fellow wholesaler from the Chicago area. You can find an endless amount of marketing tips if you search around in BP. Here is some great info that I just read recently that might help you out:

http://www.biggerpockets.com/blogs/410/blog_posts/1465-wholesaling-and-cheap-marketing-tips

Michael,

I was in the same position about 2 months ago with my website. Didn't know anything about websites or how to write them or create them.

What I did is went on Fiverr.com and found someone to build my site in Wordpress for less than $20. I got it built for $5 then had it tweaked every now and then for additional "gigs." You can search anything on there and someone will do it for $5 (or increments of $5, depending on how big the job is.

In my opinion, this is the cheapest and easiest way to build a website or outsource small tasks.