All Forum Posts by: Hassan Johnson

@Mitchell T. I'm not sure if you'll see this as it's been this long since you posted this question but in response to you and anyone else that may be wondering yes, I joined their program and for me it was a truly detrimental decision. From what I was made to understand, the mentors in the program were more hands on with their students in the past but that led to students relying on the mentors more versus becoming more independent. Unfortunately for me and my personality type, I needed a more "hand-held" approach since the myriad of concepts covered within the program from approaching sellers through the various marketing methods to doing walkthroughs to putting together contracts, coupled with my fear (and again, inexperience) of talking to people and lack of self esteem, was more than I could do on my own and I inevitably lost motivation due to analysis paralysis and am no longer a direct student. 

I will say that if one can pick up on the concepts quickly, communicate with their mentors almost to the point of harassment to ask any all questions as well as get direction, and hit the ground running as soon as possible, the chances of you seeing success in the program will greatly increase but as for me, I needed more of a custom approach in doing this business and the sort-of cookie cutter style that I was given didn't work out for me.

@David Dachtera the boot camp is really just an intro into what RE investing is all about, the ongoing mentorship through monthly meetings and bi-weekly student meetups are where more of the learning takes place.

@Chris T. I've yet to network with other REIAs and other than the mentorship program they market BREIA is primarily networking, the difference is in the majority of what I've outlined such as the fact that they provide 100% of the funds needed, give constant mentorship, have been investing in my market for over 20 years plus would have a vested interest in seeing me profit since it would be a return of their investment. Also, they have constant, ongoing relationships with their students to the point of having them meet, work together and collaborate as part of the program.

**disclaimer** I tried asking this question in an older post but never got a response.

I've been straddling the fence for a while to get started in real estate investing but with the flurry of information out there it has made the whole process of getting started more and more complicated close to the point of being disillusioned with the thought of even trying. Fortunately, I've run into a wonderful real estate investors organization in south Florida that has provided me tons of info, networking opportunities and even a mentorship program that I am considering and fielding feedback for through this post.

In BP I've seen differing takes on the matter of paid mentorship programs and I'm not necessarily debating the fact of having to pay but more so of what are the takes on this and possibly the experiences of having gone through one. Essentially the program comes in two pay levels:

The first level gives:

a mentor assigned to you

student support classes

access to the association's buyer list (over 20 years of growth)

free negotiations on short sales

club membership for 6 months

all deals the mentor helps put together will net you 50% of the profit

transactional funding

ticket to a 2-day boot camp about everything real estate investor

6 months paid access to lead generating software (similar to list source but catered to the south Florida market)

The second level gives everything the first level does plus:

free setup and filing of corporation

alta star subscription for one year (site used to download all contracts needed that have been licensed by Florida REALTORS and The Florida bar)

funding for rehabs

proof of funds letter

mentor assisted seller presentations

1 year paid association membership

hard money for deals

spouses can join free

business cards with investor kit

one year paid access to lead generation software

Essentially the first level is more for wholesale flipping and the second level is for rehabbing. The cost for the first level is $14,995 (sans the boot camp payment since I've already attended) and $27,995 for the second level. Since I don't have those types of resources laying around I would essentially have to get a loan for either of these that would, unfortunately, cost me more than I can afford monthly at this time. I love the fact that I can be mentored by professionals who have been doing real estate investing in south Florida for over 20 years, can have all of my deals funded by them, can shadow them as they talk to potential sellers and buyers and can network with a sizeable amount of other students that have also sacrificed to get into the mentorship program but the price point has hindered me thus far.

In the past I've paid for courses and info that have gotten me as far as I have gotten but I see the mentorship program as being the fire that I need to hit the ground running in investing (alongside the fact that if I'm inactive within the program for more than six months that I would have to repay and start all over - so there's that) as well as the few students that I've seen, see success through the program AND the mentors themselves being diligent in helping their students acquire profits.

I apologize for my loquacious post but I wanted to make sure that I provide all the info one would need to give an accurate opinion and aid in my issue. Any and all help is greatly appreciated.

**disclaimer** I tried asking this question in an older post but never got a response.

I've been straddling the fence for a while to get started in real estate investing but with the flurry of information out there it has made the whole process of getting started more and more complicated close to the point of being disillusioned with the thought of even trying. Fortunately, I've run into a wonderful real estate investors organization in south Florida that has provided me tons of info, networking opportunities and even a mentorship program that I am considering and fielding feedback for through this post.

In BP I've seen differing takes on the matter of paid mentorship programs and I'm not necessarily debating the fact of having to pay but more so of what are the takes on this and possibly the experiences of having gone through one. Essentially the program comes in two pay levels:

The first level gives:

a mentor assigned to you

student support classes

access to the association's buyer list (over 20 years of growth)

free negotiations on short sales

club membership for 6 months

all deals the mentor helps put together will net you 50% of the profit

transactional funding

ticket to a 2-day boot camp about everything real estate investor

6 months paid access to lead generating software (similar to list source but catered to the south Florida market)

The second level gives everything the first level does plus:

free setup and filing of corporation

alta star subscription for one year (site used to download all contracts needed that have been licensed by Florida REALTORS and The Florida bar)

funding for rehabs

proof of funds letter

mentor assisted seller presentations

1 year paid association membership

hard money for deals

spouses can join free

business cards with investor kit

one year paid access to lead generation software

Essentially the first level is more for wholesale flipping and the second level is for rehabbing. The cost for the first level is $14,995 (sans the boot camp payment since I've already attended) and $27,995 for the second level. Since I don't have those types of resources laying around I would essentially have to get a loan for either of these that would, unfortunately, cost me more than I can afford monthly at this time. I love the fact that I can be mentored by professionals who have been doing real estate investing in south Florida for over 20 years, can have all of my deals funded by them, can shadow them as they talk to potential sellers and buyers and can network with a sizeable amount of other students that have also sacrificed to get into the mentorship program but the price point has hindered me thus far.

In the past I've paid for courses and info that have gotten me as far as I have gotten but I see the mentorship program as being the fire that I need to hit the ground running in investing (alongside the fact that if I'm inactive within the program for more than six months that I would have to repay and start all over - so there's that) as well as the few students that I've seen, see success through the program AND the mentors themselves being diligent in helping their students acquire profits.

I apologize for my loquacious post but I wanted to make sure that I provide all the info one would need to give an accurate opinion and aid in my issue. Any and all help is greatly appreciated.

Hi, @Kary Johnson I'm a newbie investor in south Florida as well. You'll definitely find tons of useful information within Bigger Pockets and I would definitely suggest real estate investors meetings as well. One that I know is the Broward Real Estate Investors Association and the Miami-Dade Real Estate Investor Association. As far as the bandit signs go you'll definitely have to be patient, as one of the other commentators said, the market is being bombarded by those signs and other methods of marketing will definitely help such as door knocking. One investor that I know about actually puts up 50-70 signs per week!

@Mordchai Lunger I know this post is pretty old but it's one of the only that I've been able to find in relation to the BREIA mentoring program; did it work out for you?

Thanks @Account Closed ! You wouldn't happen to have any examples of templates for the contracts you use in wholesaling would you? Just trying to field all the help I could get.

@Account Closed thanks for your awesome advance and insight! I too am aspiring to become a wholesaler down here in the Fort Lauderdale area but unfortunately, have had and still struggle with paralysis by analysis and have yet to pull the trigger on the knowledge that I've gained but I'm looking into joining BREIA (Broward County Real Estate Investors Association) and possibly field other REIAs in order to create a buyers list. One thing I'm curious of though is, especially since you are a wholesaler in Florida and an agent, have any of your wholesale deals required you to be an agent or utilize your agent credentials? The reason I ask is because upon being introduced to wholesaling I've been told that the RE license wasn't needed but I wasn't sure about what the state of Florida had to say about it.

Thanks @Lucas Machado , I'm definitely going to within the next week or two!